Full text of Commercial and Financial Chronicle : January 2, 1897, Vol. 64, No. 1645

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

Q u o ta tio n
;

- S t r e e t R a i l w a y S u p p l e m e n t Quarter!^)

- S u p p l e m e n t (Monthly)

I n v e s t o r s S u p p l e m e n t (Quarterly)

S ta te a n d C ity S u p p le m e n t

[ E n te r e d a o o o rd in g to A c t o£ C o a g re e s , i a ttie y e a r 1 3 9 7 , b y th e W il l ia m B. D a n a C o m p a n y , i n t h e offloe o f t h e L i b r a r ia n o f C o n g re ss .

VOL. 6L

SATURDAY, JANUARY 2, 1897.

W eek ending December 26.

C h c o m c lc .

% h t

C learing$ a t —

PUBLISH ED WEEKLY-.

Terms of Subscription—Payable in Advance:

N e w T o r* ..................

For c u e i e a r . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10 00
For Six M onths........................................................... .................
6 00
E irop ean Siioaoriytion lu oiu ain g p ostage)....................... 12 00
European Subscription S ix Months (including p ostage).
7 00
Annual Subscription In London (Including p ostage)___£2 10s.
8«x Mos.
do.
do.
do.
. . . i l 10s.
Tue I nve sto r s ' s u p p l e m e n t will be turatabed without extra enarge
every annual subscriber of the Com m ercial , an d F in a n c ia l

—10
—1
-1 *
-2 2
—25 7
-9
—U
—14 *
-8
-8 •
— 15-7

83,835,031
i o .n s .7 u 5,091.95-5,519.38
4,5m;.4>t?
3,007.10b
1.87 i 1 0 1
1,500,141
1.379,22.*
692.360
619,97*
310,450
2J5.480
253,402
213.7 V;*
222.602
140.196
119.1*0
121,088 920

—12 2
-3 i
-1 1 0
-1 0 ]
—17*1
—1* 0
—131
— 10*7
+9 8
—io -;
—n 6
-2 3 8
+ ii i
—1 1 2
+oo
—29 9

T o t M id . W e s t ’r .

7 3 .6 , 1.601
10.35U.I5'
5.004,32*
4,'.*C 4, 07
6.77U,2s5
3.300.00'
1.621.052
1.299 04
1,516,693
618.459
530.0QU
SJti.lW’
2rl.0(»2
246,Co
2J5,of'i;
150.093
138,512
le a .s io
108.0SJ.407

12,671,11 i
1.157,037
817 111
1.600,000
0 5 1 ,9 ^
402.382
4-^4,■'lO
395,088
122.514
70.4 *5
1 8 .272.73 j

—17*9
+47 6
+50 0
—37 6
—5 6
—16 4
—0 1
+42 2
—1 8 4

T o t a l P a c if i c ........

10.820 W 2
1 708,202
1.270,653
936,1 4y
615 n o
oWl. *97
456.276
br-Z o lo
100 000
3 0 000
16,889.858

—1U 3

T o t. o th e r W e st.

9.920,690
6 ,7W0.6O i
8 ,6:ts S02
3,564.532
2.1*8.633
417,743
l,15u.O00
7u0 ,(7 2
421.281
2:4.294
328,003
8(5.000
68.070
65.000
29,984 837

8,409,047
7.420,274
4,107,873
4.514.-99
2,573,993
1,005,008
1.190.00*.
8 5 0 .0 0 ,
498,071
307.902
60u,0k*0
5J9.502
05,215
08.220
32,147,022

+18*0
—8*4
—15‘1
—31-3
—1 0 5
—60 8
—3 rj
—'**0
—1 4 8
—1 0 9
—3 4 3
—0*9
+4 4
—4 ‘7
-0 7

J a c k s o n v i l l e ............
C h a t t a n o o g a . ..........
T o ta l S o a th e rn ..

20,0 »2.770
9,751,902
5, '28,053
3,294,950
3 01 0,000
2 .8 2 '.0 * 5
2.977.059
1.814,493
1,401.312
1,300,0- 0
820.501
1.074,055
534.892
027.214
93? 009
8*0.334
357.770
331,212
192.211
223.600
57,152.091

19,700,243
11.930 278
4.673,485
2,801,200
3,043.724
2,807,743
1,953,(89
1 .8 7 4 ,^ 9
1,575.206
1,481.098
910.816
1,059,458
932.515
576.476
803,914
422,178
382,111
283,918
224.311
216.090
57,753,137

+ 1 ’3
— 18-3
+ 11-9
+ 17*6
— 1*4
+07
+ 5 2 -4
—r o
—1 1 0
—12-2
-9 -9
+1*4
-4 3 -9
+ »■»
+10 4
-8-6
-6 4
+132
—U '3
+32
-1 0

T o t a l a l l ........ .
O u ts id e N . Y o rk .

874.319.811

,120,940,685

335.068.546

454.281,419

10.000.000
M o n t r e a l . . ..............
6.290 407
T o r o n t o . . . ............
1,065.631
H a ll f.i
1.0 -2.124
W lrin U '-c ..................
614,795
H a m i l t o n . .................
S t . J o h n * .....................
I 'o t a 'U -v u d a . . . .
1« 43-2.U01
* N o t in c lu d e d l a t o ta ls .

N e w H a v e n . ............

N e w B e d f o r d ..........
T o t a l N e w HJug..

Loudon Agents:
P e o r i a ...........................

CL SARI NO HOUSE RETURNS.

Week Ending January 2.

1897.

189G.

Per Cent.

New York....................... .......
Boston ........... ........... ...........
Philadelphia............................
Baltimore...............................
Chloago......... .........................
at. L o u is.................................
New Orleans........ . . . . . . ...

$360,998,787
54,313,179
39,226,824
8,512,888
53.827.059
16.535,598
7,599,455

$518,657,946
85.538,303
63,413.289
12,806,414
73,737,511
19,919,087
8,434,275

-30-4
-3 6 9
-3 8 1
—33*5
-2 7 0
—170
- 99

8even cities, 5 d a y s........
Other oltles, 5 days................

$540,912,788
115,639,426

$784,700 825
132,461,483

-3 1 T
-12-7

Total all cities, 6 days ..
All oltles, 1 day. ...................

$656,552,214
191,378,692

$917,168,308
220,387,195

-2 8 4
-1 3 2

Total all cities for week..

$317,930,906

*1,137,555,503

-2 5 5

The full details o f clearings for the week covered by the
above statement w ill be given next Saturday. W e cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours o f the week
have to be in all cases estimated, as we go to press Friday night.
W e present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon,December 26,and the results for the correspond­
ing week in 1895, 1894 and 1893 are also given. Contrasted
with the preceding week, and largely as a result o f the holi­
day, there is a decrease in the aggregate exchanges o f twohundred and twenty-nine million dollars. A t New York
alone the loss is one-hundred and thirty-four millions.
In comparison with the week of 1895 the total for the
whole country shows a decrease o f 21-9 per cent. Com­
pared with the week o f 1894 the current returns record a
ain of 8’1 per cent and the excess over 1893 is 12’0 per cent.
'utside o f New York the decline from 1895 is 15-0 per cent.
The increase over 1894 reaches 01 per cent, and making oontpirison with 1893 the gain is seen to be 9-2 per cent.

g

—26

80.568.73
5.009.50
2,00*<.S3
1.375 Oo
1,28,j ,96
l . ’J O l.JH
l .J ,,2.731
001,95.
5 7 8 ,7 0 '
405,61.
1 0 3 .0 li ,3 ; (

t’erms or Adrertisimf—(P e r Inch #pace).

OlX IB.NOS.
detunu by TUrgraph.

1890.
P . Cent

74 9 6 1 3 0
4.77-\<)0«
l,7oS,53£
l,o n 0 1 1;
950. wG.
l.< 8 6 63
l,0 tJ0 5oL
775.15;
530.00
3 ? i,ilU
87.381,326

B i n g h a m t o n ...........
T o ta l M id d le —

One tim e. ______________
$3 50 i flir ee Montbe (13 tim e s)..# 2 5 00
One Month
(4 tim es).. 11 00 Six Months
(28 " ».. 43 00
Two Months
(8
“ ) . 18 00 | Tw elve Months (52 •* ) .. 58 00
{The above term s for one m onth and upward are for stan d in g cards.)

The follow ing table, made up by telegraph, etc., indicates
that the total bank clearings o f all the clearing houses
o f the United States for the week ending to-day, January 2,
have been $847,930,906' against $874,319,881 last week and
* l,137,55i,503 the corresponding week of last year. Figures
in each year cover only live business days at most cities in
consequence o f the Christmas holiday.

1
8!7,0oSJ.2a 1

-2 7
—20

7 S l.b r

CrTY S upplem ent will also be furnished without
ix tra charge to every subscriber of the C hronicle .
The Str e e t R a il w a y S u p p l e m e n t will likewise be furnished with­
out extra charge to every subscriber of the C h r o n ic l e .
The Q uo tatio n S u p p l e m e n t , issued monthly, will also be furnished
without extra charge to every subscriber o f the C h r o n ic l e .
F ile oovers are sold a t 50 cen ts e a c h ; postage on the sam e Is 13
oen ts. File cover for supplem ents can be had a t otlloe for 65 cen ts or
m ailed for 80 oents.

W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s ,
P in e S tre e t, C o rn e r o f P e a r l S tre e t,
P o st O m o s b o x 958.
N n tv y o b k .

4^9.251,33
5 i.3 5 3 ,2
J2.S78.39
12,376.3 v
4.146.54.
1,120 57.
1,300,28

1895.

038,8*1
6 S 1.-8
224.90
575.325,3? I

and

M sssri. E dwakds A S m i t h , 1 D rapers’ U ardens, E. C., w ill take subs erlp tlo n sa n d a d v ertisem en ts,an d su p p ly sln g le o o p ie so f the paper
• t I s . eaoh .

1896.

15,111,55
13.942,31
4,090,41
1,718,44
1,382,81
9-3,32
851.15
03 L 26
3 0 .10*
787 404.50

C H R O N IC L E .

The State

NO. 1,645.

D a lla s ............................
N o r f o lk .........................

—11
+ n
—17*
-5
—10
+17-

-6 0

+9 2
—11 2

1884.
*
423+42.771
71.377,73.
11,910,911 1 ,1 0 J, d71
3 378,568
1.592.341
1,139,070
7 9 5 ,0 .0
2 4.0D0
529.7o5,771

507,105?,227

68,239,480

67.451,569

3,890.000

2 013,03*
1,102.348
1.050,235
$
I. 32,694
792.78*
4 05.OOU
H 148
80,9*1,175

1,867,814
1 127.6*8
1,031 47 7
951 001
1.024.674883.6SO
4 0 9 ,4 0 1
4 4 4 ,510*
79 .1 7 I.13E

7 0 .135 021
10 978,400
4 + 1 3 H06
4 020,094
3 .4 n 3 ,u a
3.210 100
930.310
1,579,639

70.Ue.2S0J
11,653,000
4,661,198
3,970,000
3,611,487
2,626,460
1,003,00-1
1,342,410

640,866

646,987

201.70
219,800
231,762
280.727
2:02,9^2
131,775
101.182
1 0 1 . i i i . 2 us

236,165
171,469227,779
199 708
140,744
111,979
100,747,528

11,037,281
1 5 9 1 ,8 9 0
907. 60
1,110,211
737,400
405,143
440,523
201,090
08.287
■17 778
17.028.378

10,527,456
1.215,138
830,248
649,354
850.000
468,051
626,330
286.778
80.38 9*
141.402
15,144,145’

7,827,503
4.837,950
3.6COOOO
3.120,2*. *2
2,421.716

7,274,68+
4,953,737
6,077,588
2,817.408

200,000

2.000,000

1,300,322
909.344
453 254
429.894
528.989
519,101
0**,459
73,579
26,031,079

1,577.164
696 038
547.749486.318
489.130'
400.870 •
71.96980,000
26,457,711

23,147,802
9,487,378.
4.189,3431
3,049.320
3.105.087
2.3*0 519
1,950.320
1,509,618
1.270,9101
1.302,182.
024.111
871,325
537.343
505 490
795,274
376,812

10.764.O6&
11,138,44?
4.799.701
2,543 99S
3,0.19 603
1.694,069*
2,647.370
1,435.336
1,064,568
1,084.71k
753 152
758,703
500,000
661,045
230,546

288.537
396.040
173.864
54,542,199

327.677
154.988
52,847,983

—21 9

808,799.897

780.970,680

-1 5 0

384,957,120

352,888,008

11.950,370
7,202.531
1,200.941
1,194.000
582,954

—16*3
-2 0 4
- 1 6 -9
+34*2
-1 1 * 7

8.158,847
4,403,707
953,478
901,594
551,198

8.656.608
6,286.996
947.500

190 856

—10*7

16 02* 824

16.504.840

02

504.781

THE CHRONICLE.
on »ub*«qaent page* oar a*asl
i,» <r«rr extensive monthly *'.ina. 1 iaai4<)au of the year in the
,iK w« likewise publish our
bio* of price*—itooka, b >nd«,
J tiN tee trill** an 1 foreign ex*
#•* u b iei, the rattler covert

f. f X V l A L S I TUA T IO X .

t oo doubt eorao induttrixl condi*
yins» th** they were a year ago. But
tttintffl outlook it incomparably bet
greeable feature! a toriout develop
insolvency of many banka recently
•<eu l
ting of which hat baoa followed by
, th*
among other o o n p i t l n and iadifail a
jh t on the c u n of that feature io
era ,
led when we retnembar th at the list
>a Is
oca growing ever since the first of
ht*
bi
of feualitie*
Jill?# i a ! that op t 3 that data both tin number of cas­
mailing. and the a m
with tit« previous t ed years; indeed the commercial
liiM lil;.«* tne first six months were lest than in 1894
**id Otkly 9 million £iallsrs larger than in 1895, bhng,
m iG&fdiiog to D an’* IR »v:ew (first t» months) $97,869,688
a M Ni sunlurt i > \ S d f.tH lia 1S95 a id *101,733,306
MsM- T ! • increase ia ctsaat-iet sines the first of
it.
o v u rtl. A sad lea, decided check to
.0 3 4
to d
l
v.ty a* any time, each as happened at
AOCOt It ■. opening of the current fiscal year, mast of
fei re prose-1 a so m e test wherever financial
wo*., tie* existed. 1’roloug that stoppage to business
©p9f*t:0 t f >r four months—an experience traders had
i i k e w j j e v> pas* through the p u t summer—a id the
e i r e f e o f tb ■-••8 unable to endure the strain of course
MU* I
M £1

m u t t »>

e lftin n a pscaliw state of affairs has exin the L a te n t and Middle sections decided
;:** been felt, but t h » S m thern and Western
u !/;. .
cially the latter, the train of which is
ifgely d pendent-upon Cnie ago, have suffered. Tne
i-i ipf&eat* m th at city the first week in August
bich led to the immediate closing (August 4) of
^
Ki -usage th- re, are well remembered. The
sltt> >of ad *ecai1fi«# mainly marketed through th at
inter were naturally enough unsettled an 1 dep -ess id by
le - tent, a condition well ind cited by the circumUance
b * E se lla . a g e d hd so t find it convenient to opsn
sr 5th. What result other than
t ;->t?*«d—that the bank! at that
w M $h «
■t*d risky business methods with
81W- H*1 home and elsewhere should bo
J n l 0 |J q h
ft ? N'othiogshort of an old tim e
schiM h i t ■# irfjjsfioafed the etlsteac! of the Bank
m m
& i
snt ttuii to permit its affairs
a safe and con* or satire shape,
t»m
while it is true that
ve had a wide unfavorable
f any means wholly account
i even in th# West, C urrant
tarn occurred are due largely
3'h w* bar# pasted since the
irtbor fact th at the West and
ittle (a the relief which has
T i agricultural sections always
n » wave of discredit. This
iMmmm

!♦*;.

[Vox* LX1V.

is true i i c u i a tnoir prosperity is so lutim ately con­
n e c t J with and dependent upon a free infliw of o u t­
side capital.
But the great question now rallies to the future. A
new year has opened— what has it ia store for o ar in ­
dustrial interests? We are not perm itted to doubt that
m the months pass an enlarged measure of activity will
develop. Im portant conditions insure th at much at
least. At the same time it asems probable th at the exiont of this growth will depend to some considerable
extent upon circumstances not fully developed. For
instance, there seems to be a concensus of opin­
ion t i n t we are to have an extra session of
Congress soon after the 4th of March. It would
be untrue to say that there is no anxiety in
business circles on th at account. Could action at
such a session be strictly confined bo an increase of tariff
rates and an improvement of the currency situation,
the disturbance would be comparatively im m aterial.
B at the suggestions m ale in high po!itieal circles with
reference to silver legislation a id legislation looking to
an international convention ia the interest of silver are
becoming so fr e q n e ita n i p-ominent th a t the public
feeling is not as restful a3 it was. A iy agitation of
chat subjsc*, and especially any coquetting or ap p ear­
ance of a wiliiugaess to compromise with silver would
endanger business interests and is very nidesirable.
These aud other troublesome discussions possible to
come up if the new Congress should be called together
early, make mercantile and financial circles feel th a t
if an extra session could bs om itted it would be a
blessed deliverance.
I t is gratifying to heir that Judge Myers, in the D is­
trict Court at Oskaloosa, Kansas, finds on consideration
th at the Alien Land Law of Kansas under which he
appointed receivers for the Atchison, does not apply in
the case of railroads, and has accordingly rescinded his
former action and dismissed the receivers. While this
ia very satisfactory as far as it goes, it is a striking
commentary on the practice of judges in g ran tin g
applications of this kind on ex parte motions.
In
the present case the receivership order was is­
sued without argument and without notice
to
the company, on no other
ground than
the
allegation that the company
was violating a
State statute, which as it now appears, and appeared
at the time even to laymen, does not apply at all. I t
is a serious m atter to throw a great aud perfectly sol­
vent corporation into the hands of receivers, and the
courts in acting on motions of that kind should pro­
ceed with the utm ost delibaration. This is especially
trae when, as in this instance, the surrounding circum ­
stances so clearly indicate that the motion is a wholly
untenable one. The fact th at the order has now been
dismissed is of coarse an acknowledgment th at it onght
never to have been issued, and certainly had argum ent
been heard in the first place it would not have been
granted. The experience of Judge Myers should lead
to a reform in court practice in t his respect.
The feature In our financial m arkets this week has
been a material fall in foreign exchange. Rates had
already begun to weaken last week, but the decline
since then has boon much more marked. Tne move­
ment is especially noteworthy because it has coma at the
' lose of the year at the period waea we always have a
large debt to pay the outside world for interest and d iv i­
dends on capital invested hare and also because E uro­
pe an authorities have boeu looking to this occasion
for a return flow of gold.
The decline then

Jan u aby

2, 1897.]

THE CHRONICLE.

at this juncture tells us that the first of
January payments have all been provided for
and that no shipments of the metal are likely at
present. An interesting fact is that the year (1896)
closed with rates for actual business 4 83i"§4 84 for
long, 4 86i@4 86£ for short and 4 87@4 87 i for cable
transfers. L ist year (1895) closed with rates for actual
business 4 87-J@4 87f for long, 4 88f@4 89 for short
and 4 89J@4 89f for cable transfers. So long as our
merchandise imports remain abnormally small and
nothing is done at Washington to disturb credit, the
merchandise exports will continue this year large
enough to prevent any outflow of gold. Bankers look
for a further drop in exchange in January.
The “ Railway Age” of Chicago has published its
usual yearly statement of new track laid ia the United
States, and the total of course is found to be very
small— only about 1,800 miles for the whole country.
According to the “ Rtilroad Gazette” the total is
even smaller—only 1,692 miles. The aggregate of new
mileage built the previous year, according to Poor, was
1,922 miles. The amount is in either case the smallest
for twenty years, and indeed if we except one year it
is the smallest for thirty years. The maximum addi­
tion in any twelvemonth period was in 1887, when
nearly 13,000 miles were constructed. For the whole
of the five years from 1892 to 1896 inclusive the aggre
gate of new track laid has been but little more than
this total for 1887. Nor are there at present any indi­
cations of greater activity in the immediate future.
The Pennsylvania Railroad in its November return
again shows a very large falling off in earnings, report
ing $1,934,900 loss in gross and $831,300 loss in net on
the whole system east and west. But hardly any other
result could have been looked for. Tne news of Mr.
McKinley's election brought considerable revival in
business, but the movemsnt did not get sufficiently
under way in that month to count in the month’s
results, and during the early part of the month our in
dustries were more deeply depressed than at any previ
ous time in the whole year. We furnish below a compar­
ative statement of gross and net earnings for six years
on the lines directly operated east of Pittsburg—the
only part of the system for which we can give such a
c o m p a ris o n .
L n r s s BAST 0 9
P it t s b u r g .

1890.

1895.

1891.

1303.

1892.

INf/vember.

t
$
t
1
1
Q r o t i e a r n in g * ........ 5,210,424 5,877,021 6,405.85’ 5,883,152 0,017,282
O p e r a t'd e x p e n s e * . 8,450,160 8,-68,500 3,657.570 3,591,290 4,123,17*N e t e a r n i n g * .. .

i/190,26-

2.000,058

1,908,287

1,690,802

1,894,104

1891.
$
5,094.725
3,733.851
1,960,874

| J a n . 1 to Nov. 30.
Grots e a rn in g * . .. 60.601,272 58.987.672 63,650,49^ 01,072,374 02.900,970 01.030,010
O p e r a t ’d e x p e u s e * . eO.8yS.-0l 11.004.101 30,758,874 43,403,325 44,413,111 4l.7l3.d22
N e t e u m ln u .

l0.Rf.fi 4“ 1 17.980.171 10.791.IW* 17.004 OR| 19.49I.80- IP.WIrt 0-w

Wbat is true of the Pennsylvania Railroad is true
also of the o’her roads that have this week submitted
exhibits for November, with the further proviso toat
in the case of the Northwestern lines the spring
wheat movement in 1896 fell much below the phenom­
enal movement of 1895. Following is a four year
s’atement of the gross and net of a number of roads.
1898.
N o m e o f Road—
S
A tc h is o n T o p . Sl S a n t a 'F e . . G ro s s 2,931,904
N et
905.819
C a n a d la n P a c if ic ..................... .G r o s s 1,904.081
N et
802,143
e s a p e a k e ft O h io * .............
875.035
N et
267,157
C h ic a g o B u r l. St Q u i n c y . . . .
2,823.309
1,140 tJ'JO
N et
C h ic a g o M il. & S t. P a u l — .G r o s s 2.738,520
N et
1.255.029
C l e r c l a w l C i a t o n St S o u t h . . G ro s s
58 164
N et
a .o r i
Clew, C m . C h . & S t. L o u i s .. .G r o s s 1,019,34*
N et
5848,163

1896.
$
2,804.013
2.120,0*5
1,008,060
889.830
290.442
3,204.987
1,33-1,335
3,416,647
1,053,827
04.090
16,039
1,202,0 V>
834,571

1894 '
S
2.980. ’ 59
1,033,807
1,919 358
8 1 5 /5 3
790.9*1
2b 1.580
2 .7 4 1. =>64
1,080.607
2,51 P.014
9*0.166
66.728
3,351
1,203,728
327.120

1893
I
3.210,229
1,171.323
2.0«°,397
917,314
768,775
2 4 -. 10
3,293.035
1 ,4 8 2 .3 8 8
3,18 ■•‘,070
1,278.608
02.058
9.108
1,100,039
285,263

8
■November E a r n in g s -

N am e of Road—

1890.

C. C .C . & 3 t . L . ( C o n . ) P e o r ia & E a s t e r n ..............
N et
6 a . S o u t h e r n & F l a ............
N et
Io w a C e n t r a l ...........................
N et
M in n e a p o lis & S t. L o u is ..
N et
N o r t h e r n C e n t r a l .................
N et
R io G r a n d e S o u t h e r n . .. . ..G r o s s
N et
S a n . A n t . A A r a n s . P a s s . .G r o s s
N et
S o u t h e r n R a ilw a y * ............
N et
a b a s h .....................................
N et
W e s t e r n N. Y . & P a ..........
N et

114.394
10,629
74,650
20.264
125.233
30,462
170.194
72,841
551,897
109.044
37,417
20,490
233.004
85.508
1,084,178
022,488
906,841
228,052
251.376
88,421

1395.
1
108,972
37,588
70,100
83.914
163,415
00,398
196,196
92,040
584,838
179.678
54.094
31.240
107,996
53.618
1.887,344
716,050
1.068.653
209.179
S14,0RS
94,137

1894^
$
141.495
37.292
77,591
2 9 /3 6
140,403
52,249
172 4 ’ 5
82,658
541 310
159.341
37,808
30,068
229.121
110 544
1.781,028
078,175
1,028,378
241,136
288,020
04,4*2

1893.

t
1 3 6 .6 9 0
2 0 ,081
70,767
27,702
1 7 0 ,0 4 0
05,071
167,746
71,049
510,498
155.354
2 9 ,7 3 7
16,35 8
1 9 2 ,009
74.14 4
1,006.51 *
597 .9 20
1 .1 3 4 ,4 7 9
217,039
276 .2 75
83.311

Currency is again flowing to New York freely. One
bank tells us that some currency sent to Chicago last
week has been returned in the package sent, seal not
broken. Money on call, representing bankers’ bal­
ances, has loaned generally at 2 per cent this week,
with some transactions at 1-j- per cent, and a few
yesterday at 24 per cent, and the average has
been a small fraction below 2 per cent. Banks and
trust companies quote 2 per cent as the minimum.
The business in time loans has been small and rates
are firmly held at 3 per cent for sixty to ninety days,
34 per cent for four and 4 per cent for five to seven
months on good Stock Exchange collateral. Not much
has been done in commercial paper. The supply is
only fair, while the demand is limited to buyers other
than banks, and rates are 3 f @4 per cent for sixty to
ninety day endorsed bills receivable, 4@4^ per cent for
first-class and 4^@5£ per cent for good four to six
months’ single names.
The amount of gold obligations turned over to the
Sub-Treasury in New York during the week in ex­
change for legal tenders was about $450,000. The net
gold in the Treasury continues to increase. The
amount officially reported from Washington Thursday
of last week was $134,725,781, while on Thursday of
this week it was $136,746,473. There have been
reports from Washington this week that an arrange­
ment was nearly perfected by which Spain would
accept the good offices of this Government with a view
to restoring peace in Cuba. It is possible that the
basis for this report is that Spain has at last replied to
the proposal of President Cleveland to mediate
in the Cuban war. A Havana dispatch states that
Prime Minister Castillo is satisfied to have the law
passed by the Cortes February 17 1895, which was
promulgated a few days before the revolution broke
out, carried into execution, and it is said that this is
the only possible scheme of reform that can be granted
to Cuba. The dispatch says that this law is not entirely
satisfactory to the American administration because its
proposals cannot reasonably be expected to be favorably
received by the Cubans in arms. It is possible that the
Spanish Government has receded from its position,
taken when presenting the law of February 1895, and
that the report from Washington above noted is in the
main correct and that mediation in a modified form has
been accepted.
The Bank of Eogland minimum rate of discount
remains unchanged at 4 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
3 f per cent. The open market rate at Paris is 2 per
cent and at Berlin and Frankfort it is 4jr per cent. Ac­
cording to our special cable from London the B ink of
England gained £349,172 bullion during the week and
held £34,158,899 at the close of the week. Our cor­
respondent further advises us that the gain wa3 due to

fVoL. LXIV.

THE CHRONICLE

Thu following table intim ites the am ount of baUion
>m ill© iaUffSor of trfcat
in
mo principal Earopaau bmfcB this week and at the
t «
f wMhib / • 4.*k>o

■■" s-

B , i i At ■

watt £

from Portugal ta d 4B6.000 corresponding date last year.

A 81

T te
wwtw
*U * tfcct l

il

.#ȣ&
isS'Sil
pHtftrtMtBk
WXls»-i
TMrtk MMX
WMT, «rta
f w 'f , T

*'3*E£C 1 arketbai W t dull aad easier
r fcbii CC*1 j demand* an! it it s remark’
i n ^ at lb end of th# year has there been rfmn#* . ,
•o of tbs njjHrkrtj asu tlly tiserp ta a good Swrmitttf.

ISWL
0*14.
«

njmjfe

Jan. 3.

0 *M, SUver.
Torn.
£
£
sktmW, ILOAO.OW

7oUiL
£

4 4 965,058

V K m ! '* ia.iSO.TBT 13Jk.7-6.r5h?: 7«.01 ,891 49,384,70:5 1 -7.495,657
I4.2M.7M 49 7(K*0')| <8»r* W

14.100.790 4 2.674.000
l2.T76.0Ot' 87.177 000

IS.57h,t)O0 *1918,04)0 2I.IOS.OOO
a to remit;j for J vvaxTy WtitlloiiMnt*. atwl
j 18.
8,ri0i*0t 10.350,0* 0 18.254 000
tp * I» .
10 430.000
f^ iu .o o «,^n.0IV'l! fl.47S.O00i 3.58.5 n>( 6,847.04?
demand for right sterling and cable
8 905,000
■;.?
W 6 * .m 4 m , o o r £,008.932 1,341,037
-cat now these blits are inclined t o b e f**„U*la tr«rt*|.iKi,*87.6t*fi'0*.a8'«.^O £77.s0S,48d 190,1'0,5-3 94.685.1V 284,835,713
3*467,118
a 4 t e r t ia n s print to lower rat* a next rws.Pfwiy, w 't q y t,*•!«,? 1 . IH,7 5\-£<3 lH ,3 H.r..T3 ltf0.761,2»f» 65.783 ;^ l
m J m l ft,
toward# the middle of Jan*
Minting b a g bdi* will be offered 'p it*
TUK IMMIGRATION b i l l .
j •ju-1 rater • n Monday were 4 St $ for
With c .mparatively slight attention from the public,
To? market s o steady
a n y <l*y a w l t $* for sight.
a
ii i*u s'are of very considerable importance, industrial
f a r tong *«<1 «*i i far ibert bills add « U l trtfflsfk rs
and political, has passed the House of Representatives,
asd rai<* fot •atari barin*«t wore unchanged for
has been debated, amended and voted by the Srnate,
Iba farmer at 4 SJTJfi SSf, while the latter were
and
is ntiv, in the bands of a conference committee.
with
of
• am t lower compared
*3MMjaart<sr

these at the dawa ®a fkatwiof of l**t week *t 4 88i®
s < ?->r » .:ht and 4 *7i rs* 4?} for cable transfer*.
O # T e n d ay a redaction of half a cent for b o g and of
owe eenl for short by Brown Brew, and of half a coat
for abort by HridelHaO'i, lakeibeimer & Co. and Lizard
F r«,Tt$ made t t o m g e f o r ported rates 4 84@t 84J for
sixty d « j aad 4 $?\ t< 88 for sight, and the market was
axes- far sight sterling and oriole transfers. Rites for
actual b m 'm n in long sterling were one-quartor of a
oent low r at 4 83j j|4 8S|, while short was half a cent
lower at 4 c ’J ' J t *•»;; and cable* were off one-quarter
at 4
1 1 S*f.
Oa Wednesday there was no change
la posted r*t*s and the tone was a shade steadier for
laag starling at an a lra a c e of one-qnarter of a cent for
•atari bats:.«*»< to 4 83j 44 8‘1|, while short sterling
and cable transfers continued easy at unchanged
figures. Yesterday there was a farther advance of s
c .mt* r i f .. cent in (he actual rates for long sterling,
B41J.T r o » T * [ » *J iT E « TOW V O aiK S H SXCfM BOB
TB eu .
IM*. 31

SW B J
Team
Rim. M m z . m . O k . »
8 » * r v 9mm..
8-gp**-.
• ffk *
% - 4 8 M N I4

$**4b*f*
f U tilk^
im & v r* -.

U m trm ’ ■.. f & t r
INS*®!
sf
Mm&m
» « * *| 6 « a* f t
(M K t 4
j * u - - tiw rm - { 6* «t*F*
IviiVffiM--# *- f
1

mu
m
MM
m ' '

§»*?>*
m

v*

%*

mm
WiM l*
§n

m *

m
§§
**u
m

4...
L.. m . ..

U H -4
«7%.7
mu
m
mu
m
m u.
m
HH
m
mu
mu
w i
»S
mu
m

*4.
m
mu
<n%
M u
mu
mu
'
K4»*
m
MW
r ,H
OH
w *
mu
m t

84m

*»
mu
m
mu
«M

F h i ,,
Jitrt. 1
:
t

h
o

S

>
-*

PS
HU
m s*
mu
mH

Tt< market

-J steady on Thursday at 4 84@4 844
for » r-y-lay an . i ^7<g t <$ for sight, Rites for *©tuai
b-«-'
wrr..
(
Hi fof Song, 4 8fi}®4 8fi} for
abort and 4 tC'.-|4 .-Tj for csbla transfers; prime coni
t®«u- #3 Jill* wire 4 83<§4 83* and documentary 4 8S|@
4 S3.
Th». following statem ent giro* the week's movements
of money to and from the interior by the Hew York
banks.
r tm . Cl. H i t ,

1MmMrmi%
&f* tni0*0t
IT, r, Bmmlm. K ITm*k* . MmmmmL
7H99JfOQt #I,2fSt»Ki(l’ci»4j, taj*,T2.<K>0
m .* * w
817*000

T*Uk *•*» >* m 4 kasf al ls»s fw-«, ..

** 710.*1ffw M.5£l.<»0<VO«Jf>.t4.l40.000

Ih'waJt with Sab-Treasury operations, etc
iFiigi

11^!
wemmwggtjai av

M t f

T»-

Ian*
JMMlMb

MmM*

8# >
Iltn#

Tin iinmigrutioa b ll, which ha? reached this stage,

iii; rod net s a somewhat novel theory into this country's
legislation. U aril a very recent date, encouragement
of immigration was the single policy pursued by Congrrss. The industrial building-up of many districts
of the W. stan d South from wildernesses to populous
communities has been the work almost entirely of
newly-arrived citizens. There are States made up
:lm ost one-half of foreign-born population such as
Minnesota, where nearly forty per cent of the citizens
came originally as immigrants to this country, and as
N orth Dakota, where the foreign-born percentage is
forty-five. Increase in im migration under such con­
ditions was assumed to bs au essential factor in our
national development.
We have, it is true, at intervals passed laws to ex­
clude immigrants who were regarded as obviously u n ­
desirable. Paupers and criminals, for instance, are
properly barred out. The Chinese Exclusion Act,
whether right or wrong in principle, was based on a
similar theory of self-protection. Even the Contract
Labor Act made no discrimination against any clas3 of
immigrants, but only against the manner of their com­
ing. But the bill now approaching its final vote in
Congn ss is a much more radical measure. I t applies
a really rigid teat of im migrant illiteracy. As passsd
originally in the House, the act provided th at all male
immigrants between the ages of sixteea and sixty, who
cannot both read and w ite the English language or
OBio other, shall be refused admission. Tue Senate,
after rejecting several other suggestions of amendm ent,
alt* red the bill so as to provide, first, th at admission of
all immigrants, male and female, shall ba thus condi­
tioned, except in the instance of a wife, parent, grand­
parent, or minor child or grandchild of an admissible
im m ig ra n t; and, second, that the test shall be ability
of the im migrant to read and to write out five lines
taken at random from the Constitution of the U nited
Stati e. Some of the Senators also successfully insisted
on n complete exception in the case of inhabitants of
Cuba during the continuance of the insurrection.
1‘ obvious, at a glano?, that the purpose of this
act is I- (no ion on general principles. I t aims to re ­
duce the present immigration movement.
In the
Oo)igr«- aional discussion, the theory that the measure
is «< c ----ary to protect our institutions was hardly once
j -" - d. The illiterate is certainly not to bo barred
ouri nr •. cl he is a source of danger to the community
nor because his ignorance destroys his usefulness. In the

January 2, 1897,]

THE CHRONICLE.

5

debate of both houses on the bill, the obvious fact was bate last week. We think it reasonably open to ques­
remarked upon that foreign-born citizens who have tion, however, whether the wholly illiterate foreign-born
proved in the past mo3t dangerous to our society were citizens were of any deSnite service. In a “ campaign
usually educated, and sometimes highly trained. Nor of education,” the voter who cannot read is poor ma­
will any one assert, afcer even a casual observation of terial for intelligent appeal. The probability is that
a gang of day-laborers, that illiteracy i3 a bar to use­ he will either defer to local prejudice or follow the
ful industry. Whether the principle of the bill is noisiest demagogue. The foreign-born citizens who
right or wrong, it3 purpose is to check the present piled up the sound-money majorities in Illinois, W is­
movement. Tne measure abandons definitely the old consin and Minnesota were not illiterates; they were
idea, which ha3 long guided American judgment on Germans and Swedes, who read and reflected on their
the question, that foreigners should be welcomed to reading.
Socially and politically, the nation will I033 little by
this country when they are able to earn their living
reducing thu3 the annual foreign immigration. Whether
and should be welcomed for that cause alone.
The adoption of this new policy raises some serious it will or will not suffer industrial injury is another
questions of expediency; perhaps additionally so in that question. It will no doubt be urged that our cities are
a considerable element in Congress declares its purpose already crowded with unemployed laborers; but so far
of eventually making restriction even more severe. as that is an incident of trade stagnation, it will dis­
Doubt over the wisdom of the general policy of restric­ appear in time. Indeed, the annual movement of im ­
tion chiefly relates to our more distant industrial and migration adjusts itself mechanically to these ups and
commercial future. Tne enactment of the law will downs of industry. In 1882, for instance, our immi­
very considerably decrease the annual additions to our gration record reached its maximum of 783,992.
productive population. Some of the senators described Ic had declined by 1885, afcer the panic of 1834, to
the measure as “ a weak bill because it does not go far 395,346.
In 1892 the annual arrivals had in ­
-enough.” B it the Commissioner of Immigration's creased again to 623,084.
By the fiscal year
annual report for the fiscal year ending June 30 1896 1895 they had sunk once more to 258,536,
shows that 23’63 per cent of the immigrants over the and only partially recovered in the twelve months
age of fourteen years could neither read nor write. ending last July,
as a result of
revived
Under the pending law, more than oie-fourth of the activity in trade. In short, the increase in our foreign
year’s total immigration would thus have been excluded. population varies automatically, according to this
The 343,267 arrivals of the year would have been re­ country’s demand for labor. Nor do even these figures
duced by something like 100,000.
by any means represent the actual net increase in our
On the other hand, there is force in the argument laboring population. Foreign-born citizens are going
advanced by Ssnator Nelson of Minnesota—himself a back to Europe every year, a3 well as com ing; the
type of the most useful foreign-born citizen— that our Secretary of the Treasury, in his recent annual report
government, being “ based on the foundation of educa­ expresses doubt, based on the Immigration Bureau’s
tion and intelligence,” has the moral right “ to say to inquiries, whether any material increase in the
immigrants, when we admit them to fellowship among country’s foreign population has occurred since 1893.
our own people, that they shall approximate the stan­
dard of the intelligence and culture of our own people.”
D IV IS IO N OF MICHIGAN CENTRAL AN D
It is true, Senator Nelson’s general argument applies
CANADA SO UTH ER N PROFITS.
more closely to restriction of the suffrage than to re­
striction of immigration; nevertheless, if any restrictive
The agreement made by these companies in De­
policy is to be adopted, the provisions of the pend­ cember 1882, as altered by the apportionment in 1892,
ing bill are aimed in the right direction.
The provides that the first million of their total net profits,
Bureau of Immigration’s statement has some in­ after deducting all rentals and interest, shall be allotted
teresting figures on this point. The percentage four-tenths to the Canada Southern and the remainder
of illiteracy in the immigrant arrivals of the last to the Michigan Central. If the net profits exceed a
fiscal year was distributed by nationalities as follows: million dollars the excess shall be divided in the ratio
Sweden, 1-16 per cent; Germany, 2 ,96 percent; Ireland, of one-third and two-thirds respectively. It has been
7 per cent; Austria-Hungary, 38‘92 per cent; Russia, pointed out that the division of last year is apparently
41’14 per cent; Italy, 54’59 per cent, and Portugal, not in accordance with this agreement; that while
77‘69 per cent. This comparison pretty clearly shows the statement for the year, which we published last
at exactly what class of immigration the proposed week, shows a surplus of $1,067,000 over charges, the
restriction law would strike. Out of the year’s total Canada Southern’s share was only $296,000, or less
arrivals, 151,823, or nearly 45 per cent, were people of even than three-tenths. As the discrepancy has pro­
the four nationalities last mentioned— the Austrians, voked some discussion and is not easily understood un­
Russians, Italians and Portuguese. N ot only is the less fully explained, we have obtained from the
percentage of illiteracy, as shown by the above com­ company’s reports the necessary data and now present
parisons, highest by far in these four nationalities, but them.
In the first place be it understood the “ net profits’
it is chiefly immigrants from these nations who have
failed to assimilate with our people. Obviously, there­ divided each year in the ratio named are not the profits
fore, if we are to begin the policy of exclusion on over the present fixe! charges but over the sum of the
general principles, the rule proposed by the pending maximum annual charges as now or heretofore since
law would cut off those who socially and politically 1882 severally paid by the two companies. That is to
add least to our community.
say, when the division is made, each company is
We are aware that the services of th» “ foreign vote” to credited with the total saving, if any, effected by it
the sound-money cause in the late Presidential canvass since 1882 through a redaction of its charges. As a
are urged in opposition to this theory. Mr. Birtholdt, matter of fact the Michigan Central has in the interval
of Missouri, made much of that point in the House de­ reduced its fixed charges largely, the Canada Southern

THE CHRONICLE
so t *i *31, bat

r»ih«r iscfetwwi the®.

Douse-

qaftall} tb* Miches® Osattsl receives apparently more
l her. it* *iiiti.
T«> ® » i « the setter clear *a4 to piece the reader in
i p » i!:o # t»> * } f k oat for btatwlf the esloaUtiioa by
*bse:.: the dtsisi-an of profit* U i M t s p l i t W , we here
prepare! the following table* :

RETROSPECT

[Von. LX1V.
O F 1S9U.

Wo are stating a fact which will not be disputed by
any one when we say th at the year 1896 was no t a
prosperous one. I t was a twelvemonth of great anx­
iety and trial, marked by intense and growing business
depression, and by disturbing incidents and conditions
which came in almost endless succession up to the
t ! * » * » ; *«•
M e seM S *a*ea* w
MOHflk
very close of the year. Above all, it will be memor­
cr^s-?t^i m m . - ’Mm* ;a * **.*** ! tfe m * p t ’ -r i® l i s t ter iaS#r##i mn&
able
in history for the great and momentous struggle
fwhis '.* ' I . '» - a-f^ «r :* #Ua* &* 5» hlft lift* teteftMlt,
##?>»>.* V#S#.fw4<l ea
It## t#4t#4#« #471*1.#<1* f4®V
which
was carried on for the m aintenance of onr
»*• #4 ***#4 .s*-**,
tAtti, • I»ft s »4 i0 * **
» t ’ * s fc r# ;-;•** te r i§.*4. r*£#
|l»7IS < iS 0
monetary
[standard against those who would have re­
A *4
Ha,* C t t j A
0 * ^ ) 1 ftAtl V a ft t # C tm M
4 *i4truit fettlJs*
**3S*mnS tw in # ! «., »«*< **•»«»»•*•-***
20,13-0 duced the country to a silver basis—-resulting in the
#*4* m m m m m m
0«&irmZ ,*,**,***»** f t , 735,000 trium ph of the Sound Money cause.
0*#*4*
Hit.
$ * • * # #&*.?-*-*• 14 % * m ,
# # • # •# »•# #i*$% M 4X V t V
The fruits of this victory—the lasting benefits which
„t.ia4g alrj^'Mii.-ueSw.-fi
........
1*80,000
it
must confer—will appear hereafter. To 1896 belong
sssaM-'t^■
•s«t * latiS'-p*. :'3ih # * »«r:asl*-» ------- 12,721,500
only tbe losses, the severe and protracted Buffering in­
uu
t* i8tcm fAit c$>if#ui* c &j j m im itHC* ii8 2 *
cident to such a struggle. I t may be said th at in o ther
T'4'ts * **; • - c **•**» 5*#f *■*»***». %* usiira #$©**
<is*h*M* t#v0
.„.♦***, * . * * * * * . . . . . . . 1,410,000
respects, too, the foundations have been laid for a
tkmmsh f$itf$glft& n f Mleti3p4fi
« #2,1**v* *• *.**•# *_
....... *#* ... «.**«**•#****....♦. #323,-380 bi tter state of things. We have been rolling up a
trade balance in favor of the United States of unex­
By
i t t b e s h o e * d a t a we a r e a b le to a s c e r ta in
ampled
dimensions; the Treasury gold balance has
the manner in watch the net profits in 1896 were
bnm
fully
restored and is now at a p iin t far above th&
apportioned,
danger line ; an unusual proportion of the railroads of
ill •rrotrtoaniKrr or
r* SM6
Bet **.rx -r* ef t -III «r- *iB5-'4!3 *■* t& 1§00. *«►****.* ..........1 3 .1 0 3 ,0 0 0
the United States, in point of mileage and capital obli­
3fet*i «&*«#«»
*'
#*
. . . . . . . . . . . . . . . . . . ____ 2 .3 9 8 .0 0 0
gations,
has been foreclosed and reorganized, and
f W f l a * u> fe* «S*tt4«4..*«*** ........................... .
... ...$1,067,000
--- ......___
. ...l-UCt.OOO
W«4 **?■>. 14, * . •* *■-•-v?
thereby put on a new and more enduring basis of sol­
H u i' ' '
*• la T*fc4* f, m f .**..***..,**« 2*722.000
vency; and in various other ways great im provem ent
~ £♦*
w * •. . . . . . . . . . . # 7 4 1 , 0 - 0 0
|J4f-l4-*4 »• telfe-w* i
has been effected in the situation. Hence while it is
#«*
Mk#
#206,000
if#
t#*r
448,000
true on the one hand that during 1896 hardly any re ­
lief from the great depression io trade was obtained
^#741.000
- nterr . «
. 4* 4*Kt*r*,*.* .*.*,..*. . . . . . . . . . . . . . . . . $298,000
(«he revival in business which came after tbe election
efcmrp, •* #iwm t
#445,COO
Jy # l fes titrfctini® *
if* *#Tlcg Is dued
ilMtfapMt,* # *4©*!* ia r**fci*5 t i , . . . . . . . . . . . . . . . ...
320,000— 771,000 not having made sufficient headway to count for m uch
T o f a d U
................. ............................ ......... ...$1,067,000 in the results for the year), on the o th er band there
Prom the division of the item “ net profits/’ there­ can be no doubt that at tbe close of the year the o u t­
for-, tie '.JicbSgaa Central receives #145,000, con­ look is more cheering than for a long while past, prom ­
trasting v :h the I f 96,000 to the Canada Southern, ising a sustained revival iu business if only Congress
bat is n iditioB tbe credit on account of reduction in by its action or inaction shall not again throw affairs
hied charge* adords the Michigan Central 1326,000 in*o chaos and confusion.
The year has been distinctive in th a t the troubles
making its total share ITT 1,000, as above stated.
The full term under the agreement of 1882 is twenty from which the community has suffered have been so
one years fro® Jan. 1, 1888, divided into four periods, largely political ia their nature. T here was no great
the lin t three of which consisted of five years each and financial panic such as distinguished 1893, though once
the last of *ix- years; either company two months or twice the situation was highly critical, and a panis
before the expiration of each of the first three periods was averted only through the action of our financiers
ha* the right to call for a readjustm ent of the per aud banking institutions. Nor was the year m arked
centagf* of net profits for the succeeding period and by great strikes and labor troubles, aud by floods an d
M y dispute regarding the same to be settled by arbi- storms aud other visitations of N ature, which were
tint >o. The next apportionment, if one is desired, the characteristics of 1894, a year in which, as in 1896,.
will thcr* fore ho made in November or December 1897 all our industries were deeply prostrated. The dis­
to date from Jan. 1 1898.
turbances in 1896 were of a wholly different kind ; they
Th« centra©! with the Ganada Southern has still wero occasioned (taking them up in the order of their
H T.r\ j.-ar» to run, and whether it will be extended, sequence) by the attitude of the Government and still
and if to on what Urms, cannot of course be foretold, more by the attitude of Congress in the m atter of o u r
b at it is not without value to know that within that relations with certain foreign countries ; by the a c tio n
period a farth er large redaction In fixed charges will of Congress on financial questions, and by the course
tx secured by the Michigan Central. We assume thai of one of the great political parties in in jectin g as an
the maturing bonds will be refunded at 4 per cent in- issue in the campaign the question of the future mont»r<it or k'.-r. Tbe reduction in charges will therefore etary policy of the country and in cham pioning o th e r
bs as folk w»:
doctrines hardly less destructive in their tendency and
T Y n rn t
A H er
effects.
• t*»n»
m m lint.
in t i n t l. rf funding,
OkeeetInV«, $»-nepjoo0 ___... n*r I ion-.- SSSO.fWO *320,000
Consider first the disturbances in our foreign re la ­
»»! ">• n .r -r x 'M t..... M at J. ]a o s
100.000
so.ooo
p*imn * *»«! ti>>
tBOt* toe*
I he year opened with the Venezuelan war
33.020
to ,». ft tions.
< e * . u s as#**-r*. v9,oss^m w . e.j>t j, t m
1'2,V00
82,100
cloud
hanging
over the country. I t closed with a com ­
T » l* l.......
..*Tve.«20 8498,120
mittee of the United States Senate suggesting action
if the refunding is carried out as wo have assumed,
wit h regard to Cuba which if carried out m ust inevit­
thv r*4 . “.too m the charges of the Michigm Central
ably lead to a rupture of our relations with Spain. I t
will *ggr-gat* nearly #300,000, making the total sav
>- !!!- • that the Venezuela controversy did not long
ng about IhfS,COO from tbe maximuin charges.
“■main a disturbing factor, British statesmen and the-

J anuary 2, 1817.]

THE CHRONICLE.

7

British public showing a conciliatory and very friendly time the Silver Senators announced their determina­
attitude towards this country, so that by the end of tion to prevent all tariff legislation unless provision was
January all talk of war had ceased. But in the meantime made for silver, with the consequence that the tariff
the event had done an enormous amount of mischief measure referred to has remained in the Senate to the
and injury—how much it will never be possible to cal­ present day.
The bond sale proved very successful, and the Treas­
culate—and not till the latter part of the year was the
incident definitely closed. The Cuban matter, if less vio­ ury gold reserve from 44£ million dollars on February
lently harmful in its first effects, was yet extremely vex­ 10 was raised to over 123 million dollars before the
atious and disturbing through the whole twelve months. close of February, and in March advanced to over 128
T he Senate on the 28th of February and the House on million dollars. But in April gold exports were again
the 2d of March passed resolutions recognizing Cuba as resumed. Ia June the United States Senate passed
a belligerent, and some of the speeches preceding and the Butler anti bond bill prohibiting further sales of
following that action were anything but diplomatic and Government bands— which however did not flad the
pacific in their nature, and at one time in March ap­ necessary favor in the House. In July came
peals were addressed to Congress to cease invit­ the National Democratic Convention with its
ing foreign complications.
Not till the 6th of declaration for free silver and other dangerous
April was the question finally disposed of in Congress doctrines. This created great alarm, and further
by the acceptance by the House of the Smate increased the drain on the Treasury gold reserve,
resolutions. Toe President did not see fit to act the gold exports having meanwhile continued. As
in accordance with these resolutions. But even a result the reserve again fell to bslow 90 million
under this cautious policy on the part of the Executive, dollars. At this juncture very serious consequences
and while Congress was no longer in session, various must undoubtedly have ensued had not the banks and
troublesome incidents connected with the Cuban insur­ financial institutions of this and other cities turned
rection kept constantly cropping up through the fitting over part of their gold to the Treasury, and had not
out of filibustering expeditions, the arrest of Cubans this been followed by an agreement among the foreign
claiming American citizenship, etc. There-assemb'iog exchange houses to stop the outflow of gold.
of Congress in December found our legislators (more
These last steps tended so far to restore cm filen ce
particularly in the Senate) in a very bellicose mood, as to allow natural influences to exert their normal
some going so far as to introduce bills directing tue sway, and as our foreiga trade situation was becoming
President to occupy Cuba by military force. It was very favorable by reason of large merchandise exports
on the 18th that the Senate Committee on Foreign and small merchandise imports, the gold movement
Relations reported favorably a resolution offered by was quickly reversed, and in August imports of the
Senator Cameron recognizing the independence of the metal begaa and were continued for a long time,
“ Republic of Cuba,” thereby precipitating a sharp reaching a large amount ia the aggregate. From this
break in the stock market and arousing the whole time on the Treasury gold reserve wa3 never again
country to the dangers connected with a step of that in danger, and concern regarding it ceased. But
nature. Fortunately the later developments made it there were many othsr unsettling factors. Be­
evident that the proposed measure would be vigorously cause of the fear produced by the action of the
Democratic Convention, business became exceed­
opposed and had no chance of success.
Not less disturbing were the developments in and ingly depressed; money (both gold and currency)
out of Congress regarding the national finances. The was hoarded ; gold finally went to a premium again
•earlier of these developments arose directly out of the (it bad been at a premium early in the year when there
complications threatened in our foreign affairs, and was a special demand for the metal to pay for the new
indeed when considering the part played by the finan­ Government loan); and merchants and other borrowers
cial troubles as an independent depressing agency and round it very difficult to obtain accomodations on any
as affected and intensified by the other disturbing in­ terms. The situation became acute a3 the time for the
fluences of the year—such as the foreign complications, election approached, and only the election itself
the action and attitude of Congress, and the Presi­ furnished relief. Daring the latter part of August
dential campaign fought out on an issue touching so and the first half of September a commission of two
vitally the material interests of the country—it "is not per cent (in addition to the regular interest rate) was
always possible to separate cause from effect. In Jan­ frequently paid on timeloans, while 9@10 per cent was
uary the Government was forced to invite subscrip­ offered for the very choicest grades of paper,
tions to another Government loan for 100 million dol­ and it was practically impossible to effect sales even at
lars to replenish the Treasury gold reserve, making these figures. In some particulars the monetary situ­
262 million dollars thus issued in the space of about ation improved a little during October, owing to the
two years. The panicky conditions arising out of the large gold imports, but normal conditions at no time
Venezuela troubles hastened, if they did not actually prevailed. In Europe the large takings of gold for
create, the necessity for this last loan. As on previous the United States led to a rapid rise in interest rate,
occasions, Congress did everything to thwart, and the Bank of England advancing its minimum three
nothing to assist, the Government in its difficult task times, first from 2 to 2^ per cent, then to 3 per cent
•of maintaining gold payments. Not only did the and finally to 4 per cent.
Thus the effects were continuous and cumulative.
Senate declare its opposition to another syndicate con­
tract, but in place of the bill providing for a 3 per And the same may be said of the silver agitation as a
cent coin bond which the House had passed the pre­ political factor. It was evident very early in the year
vious December it substituted a free coinage bill. that the silver movement was looming up as a powerful
This, fortunately, was rejected by a very large major­ issue in party affairs. The attitude of the Ohio
ity in the House of Representatives, but the tariff bill Republican Convention in March on the silver question
wa3 also treated to a free-silver amendment at the was not at all regirded with satisfaction, and as a con­
hands of the Saaate Finance Committee. At the same sequence some anxiety was felt as to whether even the

8

THE C H R O N IC LE
"of ibevear.

[VOL. LXiV.
But for the information of our readers

Iff be u< ptnffsd cm to oppose uu»
wo may say that the same table 1 * incorporated
her.*y. in May the silver advottia ite e a lly tfciO I l l f W
in our ‘ ‘Financial Review,” an annual issued about
cat** cstttar^l * great; many of th» Stow Democrutic
t ho middle of February, and in that publication the
itib .'tad VVv*t, and in Juno they
o o a i t & i i o u in t it * S 3
table will appear in its complete form fully revised.
&*J<? tfe*tf tiaiatf eoimpleto In dominating the Demo*
•>l S C H U . SSIMM.UtY HJR TW O YEARS.
cn iiic e o D v io tlo fli io uh> importont Stole* of Ohio,
ik .jra lb va s l V t »

1805.
Indian * a1d Illinois.
1806.
fbtt irjuwuv <4 the «Jepre«iou in basineis which
1
,-8
3 . ,400,410
1
1,807,714,841
C om a m i c u rre n c y In O . 8 . D eo. S l . . |
5 3 ,2 8 2 ,278,527
m u [t«d fn m thews varioui u a w may be judged from Bankclearing* to United states..... 51.183,004,000
,196,060
173.
224,700,000
— f i l i l u r w , ...........................
*
6 6 . 583,232
54,651,096
tfc* moMb x ft • fd of troa production. The output fiiiU--.1t S . Y .S te e l; K v p h a u jw .sb ares. 1,284,971,000
,883,4001,899
Grain a n d f lo a t a t P ro d , E s e h ’e .b tish .
51 ,480,700
46,727,800
h*d dfdintd even b-fore the National Democratic C o tte n a t C o tto n 1- e ch o lic e ....... l.au-H.
,468,300
7
3
9
622,593*660
Im p o r ts o f im sre h iim ta e i l l
7 32 ,331,019
weekly product July 1 being reported K 4T.H>rtjs o f
888.680,369
t*L n3os.)-*^i
,895,388
■13,860.198
Set imports a t h i d lltJBUM.)...... -•§
.22 613,382
only lSo.f'"W foa* against 31T.3O0 November 1 D95 ; tir-is" e a r n in g s 121 ro a d s i l l m o s .).$
430,069,49!>
1,922
1,800
R a ilro a d o o iis ttu o te d .....................unlos.
Lit 0-. i'd,1’? I the amount had) been reduced to W h ea t r a is e d ................................. lm sliels.
467,000,000
♦412,000,000
,
0
0
0
,0 0 0
2,151,
"2,211,000,000
C o n i r a is e d ....................................InishO s.
Oi. T I l i . T r l tun* per week, being a decrease as O
824,,443.900
*670.000,000
u t- r a is e d ..........................
b u s h e ls .
,162,473
7,
(*>
o tto n t» t* e d ............................. - - - btiles.
compared «»;h
ISM at the rate of over five CP ig
9.440,308
(6
iro n p roduced.(W m s o f 2 ,2 4 0 lbs.)
1,299,628
«)
S
te
e
l
ra
ils
.
B
eh
-cin
er.
(ton*
2
.2
4
0
lbs.)
ib iBUm ton* a year.
Toe large losses in earn- A n th r a c ite c o n i .. .( t e u s o f 2 ,2401b*.)
40,545,701
ISO,
406,398
3 3 .2 3 9 ,4 1 6
icgi shown by the Pennsylvania lUilroad afford P e tro le u m (ru n s) p ro d u c tio n — libls.
324,542
(1)
Im m ig ra tio n in to U . S ............................
,42 9 ,5 1 7
5,297,031
tqaally strikieg l«atUBOnj to the same effect. That P u b .la u d aalee (y r.e n tl’KJ u n e a O ia e r e s
Is su e d , i Decompany ><n it* >y»t*m eutiie reported #1,717,400 do*
y e r u n s w e re
N e t e x p o rts ,
>■?<se*- in gfC"s in August, ♦ 1,430(600 in September,
With
reference
to
tho
stock
market,
the
fluctuations
| ■
• . ' : •• •
■’
N*•'''•jnber.
Among the favoring ©vent* of the year was the re­ irom month to month have been more ttian ordioarily
moval <4 a grewt many embarr&iaments in the railroad wide under the various disturbing influences which
w-irld. \Y<- have not the space to enumerate all the have marked the year. A_s a rule the lowest, prices
ai ’ , :, t 5AilroftdS * uich have been restored to solvency were made in August, before the Bryan m eeting at the
through n.'organii stion, but mention of the names of Madison Square Garden changed the whole aspect of
the larger cons panics r ill suffice to give an idea of the things, while the highest figures were reached either
nisin:itudo and importance of what has bean accom­ early in the year or in November on the news of M r,
plished in mi* direction.
The list includes the McKinley's election. In the break in August some
Atchison, which came into possession of its prop­ very low figures were touched, the price for New York,
erty . .cuary 1; the Erie, and Central of Georgia, Central at 88 being the smallest since 1885, and that
whose reorganisation* date
back
into
1835 ; for Burlington & Quincy at 53 being the lowest since
the Reading, the Northern Pacific, the Norfolk & 1861. On the other hand, Lake Shore in Dec-mber
advanced to 156, which is a height never previously
Western, the- Oregon Railway & Navigation, the Ore
fva Short Line, and the St. Louis & San Francisco, attained by the stock of the consolidated company.
RANGE OF LEAD ING STOCKS IN 189 6.
besides a large number of smaller companies.
The agricultural situation also is assuring. The
Cler
Open­
j
H ig h e s t
Lowest.
i n g.
ing.
wheat crop is not large, but the price is good, cash
Y-unk L in e s —
wheat wiling here at about a dollar a bushel. Goner
4 4 J a n . 27
16%
10% S e p t. o
39
B a ltim o re A O h io —
2 0 0 A u g . 4 2 1 7 J a n . 28 209
B o sto n & A lb a n y ----- 2 06
ally speaking wo have abundance, while the world at
51% F e b . 10 -16
40% A u g . 7
C a n a d a S o u th e rn —
i k i 1 0 ’.i A ug. 7 17% N ov. 98 1514%
large (by reason of the famine in India and the short­
E rie* ................................
1
7 1 5 6 D ec.
134% J a n .
L a k e S h o re ...................
97% F ob. 11 90 %
28
age in Australia and other countries) is in need of all
M ichigan C e n t r a l .. ..
1957s|
99% F eb. 10 94
6
96
N . Y . C ent. A H u d so n
27
54% A p r. 23 51%
we CA-n spare. la th . case of corn the result is par­
51%;
P e n n s y l v a n i a ..........If
R oads—
1
6
6 .Tune 5 158
10
ticularly gratifying, as the yield for 1896 is estimated 3oal
160
H al. L ack. & W este rn
10 1 29% F e b . 11 1 1 6
125
D e la w a re & H u d so n
at ‘..V ' million bushels and for 1895 was estimated
38%
J a n . 30 30%
27
37
L e h ig h V a lle y ..........IT
10 1 1 0 N ov. 4 100
100 h
C e n tra l New J e r s e y ..
at 2 , 1
million bushels. The cotton crop is much
31
9%
11
1178
J&B.
9
N. Y. S oso. A W e s t'a .
131% N o r. 10 ,*26%
7
2% J a n .
4 7g
h lla , & R e a d in g .—
iaigsr t m the poor crop of 1895, though we make VPcat’ll
a n d S o u th w ’n —
18 N o t . 4 14
8% A u g . 7
1-1-h
A toll. T o p . A Ban Fe*
r.o alt* «npt to indicate the precise extent of the yield.
83 % N ov. 1 0 69%
5 3 A ug. 7
77
Ohio. B u rl. & Q u in c y
4 73%
8 0 N ov.
10
6B
%
i
t
s
t
,
P
a
u
l
C
hic.
Mil.
Thu forgoin g is intended to famish only a very
106% A p r. 2 3 1 02
10
Ohio. A N o rth W est'll 100
24
65%
7
74%
FCh.
49*4
A
u
g
.
07*s
Ohio.
B.
I.
&
P
aoittc..
brief outline of the influences and events of the year.
13 1 2 2 N o v . 24 122
G re a t N o rth e rn p re f.. 110
92%
98 J a n . 31
11
92
Very full narratives for all the various financial marIllin o is C o n tr a ! ...........
29 % A p r. 20 20
15 A u g .
25 >9
M issouri P noitlo ..........
19% F e b . 2 4
15%
11 A u g . 7
k-u
money market, the foreign exchange mari g =b;
W ab a sh p r e f ................
’ soillo R o a d s —
62% M ay 27 5 4
l-*,, and the stock market— will be found in our
52 Jan. 4
55
C a n a d ia n P a n tile ----22
16 % N ov. 27 15
14%
C e n tra l P a c itte ............
9 § 12%
mviiUilv re Vi-’
on »ub*equ«nt pages. As to the
23
§16% N ov.
3%
N o rth e rn P a c iito ........
10 Ct28% N ov. n (<23%
11%
Do
d o p re f.
moaer market, wo intend, within succeeding weeks,
14
22
%
J
a
n
.
1 4 7s
6
14
N
ov.
20
%
S o u th e rn P ro . O om p'g
9
i
7
12% N o v .
3% J a n .
4
ITuion P a e iflo ...............
t© supplement the present review by a very cotnpre- Souther#
R oads—
16%
18% N ov. 10
8
15%
C h e sa p e a k e & O hio . j
h*n*iv© tabular statement, giving the record of quota48
26
55% F e b .
45%
L o u isv ille & N a sliy ..!
8 . || 19% N ov. I t 115%
N
o
rfo
lk
*
W
est,
p
ro
f,
lions for each we*k of the year, in the form injwhich
1
1%
N
ov.
10
9%
7
6%
A
ug.
8%
S o u th e rn K y ...............
33% F e b . y& 26
15>0 A ug. 8
Do
p r e f ...
w<« publi*he:i the figure. for previous years in our issue
10
0
1
2
N
ov.
7
5
A
u
g
.
T e*«» * P a e iflo ..........
H iseollaiiuous—
of January 25, 1896.
7
11
19
J
a
n
.
20
18
A m or. CottOO O il —
10 1 2 6 % A p r. 21 110%
103
A m or. S u g a r...............
Below we bring together some general statistics for
2 78%
9 5 A pr.
10
77%
A m or. T o b ao o o ...........
7 7 3 se
78% N ov.
8
051a,
W & and Js?5, affording an interesting contrast hoC h icag o t u t # . . . . . . . . . .
321*
13
39%
M
ar.
16
26%
G e n e r a l B le e tr le ........
23
28 % A p r. 21
twwen the two years. This table is always more or loss
25% JLVJ XAlAfc. 10
N a tio n a l la -a d ...........
24%
3
1
F
o
b
.
10
26% 15% A ug. 7
Fiw U te M ail 8H...........
69% Fob. 14 00%
10
Incom pM©, sine* many of the figures can not be ob*
03%
1). B. L e a th e r, p r e f ...
2 9 J a n . 13 24%
8
27 !
V . B. R u b b e r ..............
83%
taiead until a long while after the close of tho year.
10
90 % N ov. n
85%'
W este rn U n io n T e l • Aft* r p a y m e n t of a s s e s s m e n t o f 1 0 p e r c o u t. ♦ T h e s e llg u re a eov e r
The present time, however, tho remark applies with
th n p e rio d s in c e n e w s to c k w a s is s u e d o n M a r c h 1 1 .
t A f te r p a y m e n t
special force linoe the table is issued several days earlier o f a s s e s s m e n t o f 2 0 p e r c e n t. § A f te r p a y m e n t o f
o f 15 p e r
c e n t,
« A fte r p a y m e n t of a sa e s s m m it
1
- x te r p a y
than uiual, having been compiled on the closing day inont of assessment of ijtl2'50 per share.

II

Ja n u a r y

2 1897.]

THE CHRONICLE.

9

J A N U A R Y .— C u rre n t E ven ts.—The year opened under Eustis to the Florida Southern; also at foreclosure, securities
conditions the reverse o f promising. President Cleveland s of the Hutchinson & Southern, g ivin g control. Mr. John K .
Cowen, form erly counsel of the company, was elected Presi­
Venezuelan message the previous month had deeply dis­
dent o f the Baltimore & Ohio to succeed Mr. Mayer. The
turbed all interests and threatened our peaceful relations Chester & Lenoir was placed in the hands o f a re c e iv e r;
w ith Great Britain. The Treasury gold reserve, too, again also the East Shore Terminal o f Charleston, the Cumberland
needed replenishing, standing January 1 at only §63,202,269, & Ohio Northern Division and the Galveston La Porte &
and a new bond issue had already been determined on when Houston. The Summit Branch RR. defaulted on its general
the month opened. To add to the uneasiness, it appeared mortgage interest due Jan, 1. The Pittsburg Cincinnati
that the issue was to be by public subscription instead o f by Chicago & St. Louis resumed dividends on its preferred
syndicate arrangement, as supposed. Mr. J. P. Morgan had stock. The Union Pacific Reorganization Committee, Gen.
organized a new syndicate towards the close of December to Louis Fitzgerald, Chairman, announced that it had received
furnish 11,500,000 ounces of gold to the Treasury and to a m ajority of all Union Division main line and Kansas
take §200,000,000 of bonds. But great opposition was being Division 1st mortgage bonds and nearly one-half the stock.
— The M oney M arket. —A fte r the high rates reached in
manifested to another syndicate con tract; this appeared
particularly in the action of the United States Senate on December, 1895, during the Venezuelan incident—call
Friday, January 3, on a pending resolution offered by Mr. money at the Stock Exchange at that time having advanced
Elkins, o f W est Virginia, declaring it to be the sense of the to 100 per cent—the money market in January gradually
Senate that bonds should not be sold under private contract returned to normal conditions. On December 31, 1895, 35
and without advertisem ent; both the President and the per cent had been paid for some loans at the Exchange ; on
syndicate were denounced in unmeasured terms, and a January 2 the range for call loans was 5 to 10 per cent, and
proposition to refer the resolution to the Finance Committee on January 3, 3 to 7 per cent. The early part o f the next
was lost by a vote o f 48 to 6. V ery early in the morning week the rate at one time was 8 per cent, but the rest of
o f January 6 Secretary Carlisle issued a notice in vitin g pro­ the month the fluctuations were within much narrower
posals for the purchase of 100 m illion dollars 4 per cent limits, and the figure did not again get above 6 per cent.
bonds, bids to be received until February 5 - see C hronicle A t banks and trust companies the rate on call was firm ly
o f January 11, page 68. This change o f method was re­ held at 6 per cent all through the month, loans by these
garded with grave apprehension in financial circles. The institutions usually standing undisturbed for a long time.
announcement, too, operated at first to accelerate the export There were large shipments o f currency from the interior to
o f gold, some gold previously withheld going out when the this centre, the ordinary return flow being augmented by
bond proposal appeared. Subsequent developments, how­ remittances from those who wished to subscribe for the
ever, were all favorable, and served to bring about a great new bonds. Still there was little disposition to lend on
change in tone and sentiment. On January 14 Mr. Morgan time, in view o f the prospective demand for money for the
sent out a letter (made public on the 15th and published in new bond issue. The ruling quotation was nominally 6
the C hronicle of January 18, page'117,) to the syndicate per cent for all periods, with some special transactions
subscribers announcing its dissolution and reiterating the towards the end o f January at 5%@6 per cent for three to
determination expressed by him in a letter to President four months. A fe w o f the foreign bankers were w illin g to
Cleveland on January 4 to co-operate in making a popular make engagements the latter part of the month for ninety
loan successful: on the 15th, also, Secretary Carlisle issued days to four months at 5 per cent on a gold note. Commer­
a notice extending the tim e of payment for the bonds cial paper was bought more freely towards the close of the
(C hr o n ic le o f January 18, page 118,) over a much longer month. Choice double-named paper was quoted at 6 per
period—until June - thus relieving apprehensions o f strin­ cent the whole month and prime single names 6@7 per cent,
gency in the money market. On February 1 the gold bal­ while what is classed as good single-named paper ruled at
ance was $49,845,507. During the month, too, the situation 7fa9 per cent and part o f the time at 7@12 per cent. The
arising out of the Venezuelan difficulty changed surprisingly Clearing House banks reported §141,212,000 of specie and
fo r the better.
The President appointed the Boundary legal tenders and §15,939,675 surplus reserve December 28,
Commissioners on the 1st, and their action in requesting the 1895, and §162,235,200 specie and currency and §39,623,401)
Secretary of State to ask the Venezuelan and British gov­ surplus reserve February 1, 1896. No Clearing House cer­
ernments to co-operate with them in their work produced a tificates were applied for or issued during the month by the
good impression. Besides this, during the Transvaal diffi­ N ew Y ork banks.
—F oreign E xch an ge. S ilv e r, E tc .—The foreign exchange
culties resulting from the filibustering expedition o f Dr.
Jameson, our Government asked the British Government to market was unsettled during January, and we had the
use its good offices in protection o f United States citizens, anomaly o f simultaneous gold imports and gold exports.
and the request was granted. Various other circumstances The imports were due to the demand for gold for sub­
(particularly very friendly speeches by several o f the British scriptions to the new bonds (gold commanding a pre­
Ministers) likewise operated to open the way for the settle­ mium in the m arket), while the exports were caused
ment o f the difficulties between the tw o countries, so that at by the high exchange rates ruling, which made ship­
the end o f the month all talk o f war had disappeared. Thus ments profitable on gold taken from the Treasury.
the outlook, both politically and financially, underwent Those who imported gold in this w ay had to buy bills of
a great change, and the beneficial effect was felt in exchange to pay for it, and these purchases in turn tended
all the markets. Am ong the other favorable incidents was to increase the exports of gold. Towards the end o f the
a rise in the price o f wheat, the May option advancing from month the exchange market became more settled and rates
66% January 2 to 71J* January 31. The anthracite coal declined, and then exports practically ceased. During the
companies reached an agreement on January 30, the Read­ last few days o f December the market had shown a weaken­
ing accepting 20% per cent of the output instead of the 21 ing tendency under the influence o f the high money rates
per cent claimed : and selling prices o f coal January 31 were here and the belief in an early bond issue, and rates for
advanced about 35 cents a ton. The bill providing for a 3 actual business December 31 were 4 87%@4 87% for sixtyper cent “ co in ” bond, which the House o f Representatives day bills, 4 88%@4 89 for sight sterling and 4 S9%@4 89%
had passed in such great haste in December was amended for cable transfers. On January 2 the rates were %<9 %
in the Senate by substituting for it a free-coinage bill, and cent higher, so that the year opened w ith actual business at
this passed by a vote o f 42 to 35 on the 1st of February. 4 87%@4 88 for sixty-day sterling, 4 89%@4 89% for sight
There was a premium on gold during the month—see our and 4 99@4 90% for cable transfers. The premium on gold
review of the foreign excliange market below. None of the then was 1@1% per cent, and gold was being shipped both
N ew York banks availed of the privilege to issue Clearing to and from Europe. On the announcement on MondayHouse certificates authorized the previous month.
January 6. of a call for public subscriptions for the bonds,
— R nU roa't E ven ts a n d S tock E xcliange M a tters.—The stock the premium on gold for the time being almost entirely dis­
market in January reflected the improvement in the situa­ appeared, and where possible engagements for the importa­
tion by a large and general advance in prices. There had tion o f the metal were canceled. It was soon seen, how,
been during December a smart recovery after the panic ever, that the demand continued, and thereafter the pre­
caused by President Cleveland’s Venezuelan message. The mium ruled at % @ % of 1 per cent until the last week,
o f 1 per cent. A premium was
announcement that the new Government loan was to be when the rate was
offered at public subscription came on January C. and the also paid for legal tenders (over silver certificates) in some
first effect was to weaken the market. Prices were also cases. A fte r the issue of the bond proposal the exchange
depressed once or tw ice during the month by unfavorable market became somewhat deranged, w ith the general ten­
rumors regarding the Venezuelan controversy with Great dency the rest of the month downwards ; the lowest figures
Britain—notably on the 18th, when there were reports that were reached on the 29th, when rates on actual business
the “ flying squadron,” which had been suddenly mobilized, were 4 87%@4 87% for sixty-day bills, 4 88%@4 88% for
would be sent to American waters. Generally speaking, sight and 4 88%@4 88% for cable transfers. On the 31st
however, prices steadily improved after the 7th or 8th, and rates were one-quarter of a cent higher, at 4 87%'<t4 87% for
closed on the 31st at or near the best figures of the month. long, 4 88%@4 88% for short and 4 88%@4 89 for cable
Sales on European account gradually diminished and finally transfers. The gold exports during the month from the
ceased to be an important factor. The latter part o f the United States were §10,566,526, while the imports were
month the agreement among the anthracite coal companies §10,367,940. In Europe the Transvaal affair proved a very
for a division o f tonnage was a favoring influence. St. Paul disturbing incident, but when it was seen that there would
common advanced from 63% to 72%, Burlington & Quincy be no rupture o f relations between Great Britain and Ger­
from 71% to 78%, Central of New Jersey from 94% to 108%, many, English consols advanced sharply, and they closed at
Lake Shore from 134% to 146%, etc. An effort was macle 107 15-16 on the 31st, against 106% on the 2d. The fluctua­
to settle the conflict o f jurisdiction between the several tions in the price of silver were unimportant.
circuit courts regarding the Northern Pacific receivership
F E B R U A R Y .— C u rren t E ven ts.—T h e improvement in the
—see C h r o n i c l e o f Feb. 1, page 208. The Omaha & St.
Louis was sold at foreclosure ; also the St. Johns & Lake general situation noted in January made] fuither and very

10

THE CHRONICLE.

[VOL, I,XIV,

w ent* were taken as low as4 ?4 per cent : tim e
per
. ta r-1 Min. pv days and -il ..<».) ner cen t to* longer periods
pi,,, XVvr Verb C.Tv;iring House bunks rejiorted $102,235,200
, f , :imj 1 . I.ru an 1 <*76.845,900 being specie and $85,8S9,300
; ,.a j i. ,jt|, i>. arid $M(i,8s3,200 F ebruary 29th, $60,304,000
bid Ur p< ,i. and .v-0,521,200 legal tenders,
-F onirm En-hnixq, . Sihcr, / te —The foreign exchange
wnward tendency in February, On n o n ­
m arket had
:tl<
day, the 3d, th e m ark et showed decided weakness, being
Bank
D ut
deranged by tin pending bond subscriptions, and rates on
i w are
at
IJ
actual busiue for tin-day sterling and for com m ercial bills
the ti>
... docum entary)
_ declined a full cent, per
sl bidder* at higher (both prim e and
MHdptic a will he pound, while sight bills and cable tran sfers declined threeUi t he
S, page 308, The q u arters of a cent. The figures then w ere 4 86}£@4 86%£ for
Ft 1 riu
■i ■
king the (iu-diivs, 4 S? <, .A 4 >8 for sight and 4 88# 4 88*4 for cables. ConH i l ,I ®
4*1i urn 1*ȣi
i
l
l
'l
l
.
Paym
ents !* - tr#rv" to expectations, there was no im p o rtan t upw ard reth
an
1
1
#
itm
»
lilt'
m
action after the bids for th e loan were opened, and th e
p
ikmI bv Wirtdov jnight, the MU*, th e fluctuations the rest of the m onth in th e rates for actu al
ffto
f
ived f y s . m m n 95 on
t u r f im i
s, c w *S
5. off*&
business w e r e c o n f i n e d w ithin com paratively narrow lim its—
•CVtoUrt 0 f iti* •*!*<. B f Um* <lid o( th e m onth it was osti- usually a q u arter of a cent up or down. The success of th e
Ie,t>t in, s k a t of th e subscriber*
m j m u*4 U *n m
extending paym ent over the bond wi!. led to some buying of our securities for European
la m e * gait11» fttU im stotd m1 ■
It is not believed th a t any considerable am ount
f m MMMff ©llrculttr. The operation did not account.
jwrt -i nw* 1 in
th e new Governm ent bonds w ent abroad, though th e
u toifcMi» money m arket, a* noted be* of
If*,tt tpi
sche Bank of Berlin had a q u arter in te rest in the bonds
ce«wd»»ir t, ! B dally nifioit from W ashington the aDeut
w a r d e d to J. P. Morgan & Co. The fac t th a t money ruled
h m point on tit*.' 10th, a t $44,563,498,
n » n » w*» at tin
hundred milium dollarson the 21at, much higher here th an abroad had a tendency to w eaken
» 4 * * » 4 to tU .it
,»Tb on March 2. Tin* affair proved xchauge. Rates on actu al business for sight bills an d cable
wl at M *
%a4
sfers closed at th e same figures as those for th e 8d of
Iwiplol Id f®wIi I m CimfiibiP •e, Government 4 tran
{he<k%g th* ■ suin' isss te ns th a t offered for the m onth noted above; for 60-day bills th e ra te was one,l» a t 1
I l i bt'Urtv the sale to 118 after the sale, p iarter cent higher a t 4 80?^@4 87. Gold exports to Europe
am,M'< ki up fr vm ■
ii w m t he reject i<in on the. H ilt by the were not possible a t the ru lin g price for exchange. The de­
Ia ru ra l 1# 0
A
to a vote of 816 to 99 of the free mand for gold again led to considerable im ports—$9,375,889
Wtemmiat Rvprm m ilal
itlf r r | til! •*ba-ii ilim l lu lled States Sc ante bis noted in the net. The prem ium the end of th e m onth w as 7-16 of one
-> | m& on February 1 substituted for the per ce n t for gold guaranteed n ot to have been tak en from
vf Jam
Immi h III
tt by ’ t il«< llo iw the prevViOUS i l.'Cr other. The the Treasury and <461 5-16 of one per ce n t for other gold.
fSW:lpHDW^r tail Iff In:m* w Ntdi the House had ids., sent over to The prem ium on greenbacks was nom inally 1-16® % of one
tb« Senate to { k v tn tw r, was likewise treated to a free per cent. The silver m ark et was very strong on an active
■silver am endm ent fey the Senate Finance Committee; and dem and for th e m etal for India; and th e price in London
• i.
11, th r fr» <• *ilver men were successful in defeating advanced from 30?£' pence per ounce on th e 1st to 31 9-19
.... *
. !, . f tin aiiifn.ii ,1 bit! in the Senate, they h.iv- pence on th e 24th, closing on February 29th a t 31 3-16 pence, j
tng ann-xii.eid th eir determ ination not to allow any new In London English consols advanced to 110. Money rates
taritl ! ,(i«i.,tMti enl< ■** provision was made a t th esam e tended downward a t th e European m onetary centers and
i» w f it fre e silver The price of silver advanced sharply, the Im perial Bank of G erm any reduced its discount rate
l< ■ ;
i.iarU.'t. <.'..Id .'nil ■ from 4 per cent to 3 per cent.
t i r . »*• to command a slight premium, as likewise stated in
MARCH .—Current Events,—A ffairs took a tu rn for th e '
cur erehaiijge market. An unfavorable development towards
the
uf fisi- month was the placing of the Baltimore & worse ag ain in March, Bad w eath er affected trad e very
Obte KR- in the hand* of receivers. The passage by the unfavorably. Q uite a good m any failures of prom inent
Senate on the iiath of a resolution favoring the granting of m ercantile houses w ere also a fea tu re of th e m onth. A t
. .
.
e ak in t h e stoc k mar- th e same tim e th e discussions in Congress reg ard in g th e
; in b siness circles. question of recognizing th e C uban insurgents as belligerents
&
i§ i M atters ,—The im- proved very d isturbing to business; so m uch so th a t appeals
j-rovfii,, :.t to our foreign relations and the great success of were addressed to Congress to cease in v itin g foreign com­
the Gov. rnm ent bond rale had the effect, of keeping the plications. As stated above, th e S enate passed its resolu­
stuck v art...' «trong in i -bruary, and during the first three tion in favor of g ran tin g belligerent rights on th e 28th of
* o k« there war a further dee Med and pretty general rise February, and on th e 2d of M arch th e House also passed
to prsc* ■ to the fourth week a reaction occurred, helped sim ilar b ut independent resolutions. The conference com­
. ; ' . !or.'
: : ; I .i d h t ;u. i<:ihi]rur> ,v 1ihio m ittees appointed by th e tw o houses a t first agreed to
Senate in voting to accept th e House resolutions, and th e S enate conferrees so
grant t.dligerent right* to Cuba. Louisville & Nashville reported to th e Senate. In the debate w hich followed Sen­
w 14 st «V-, <u the ffd and at 55-,, on the 24th, St, Paul com ators Hale of Maine and H oar of M assachusetts took
tana »! I ! ' t and at- 7#?*. F ork Island a t 09 and a t 74;* strong grounds against th e a ttitu d e of Congress. Subse­
Aft.-r th<- 2uth there was tw o or three points reaction in quently the House resolutions w ere w ith d raw n from th e
tfa.-*, r is - ,. in the break on th e 28th, caused by knowledge Senate, and on th e 6th of A pril the House accepted th e
*.f tiw Intention of the fv.-nate w ith reference to the Cuban Senate resolutions. In th e in terv al riotous dem onstrations
touched the lowest points of the ag ain st the U nited S tate sh a d occurred inS pain. In financial
month. HaHuiere ,V. uhio wild*! 41 on th e 5th and a t 21 % circles the Baltim ore & Ohio receivership, w hich occurred
<..n the '-Mb. on wincli la tte r date it was placed in the hands a t th e close of February, also operated as a depressing influ­
'f r - > , ,-r*. The Canadian Pacific announced th e resump­ ence. The u ncertain attitu d e on th e silver question of th e
tion ,-■! tiviuend paynu-nt*. The Oregon Railway & Navi­ Ohio Republican Convention for th e election of delegates to
gation reorganisation plan waa declared operative, and the the N ational Presidential Convention likew ise caused some
r«ff lateral* under the collateral trust bonds of 1881) were sold uneasiness; b u t th e subsequent declarations of th e Repub*
•fed bought by the it.'-organisation Committee. A plan for lican conventions in New York, M assachusetts and Minne­
tb. t> r.-.e .-Mt.. -n of tk» Detroit Lansing f t N orthern was sota proved in every way satisfactory. F avorable develop­
■" ••
■;
' ■■
•
stock, The Lehigh Valiev m ents were the increase in the sem i-annual dividend of th e'
bought the 1 bm ra t ,.»tlan.i! A Northern. The Little Rock Chicago Milwaukee & St .Paul RR.from lp e r c e n tto S p e r cent,
fl <4 Sj rtr.g*. A Texas was placer) in the hands of a receiver. the agreem ent betw een th e General E lectric Company an d
Tf.« NVw York IVijnsylvaiu.-i iS Ohio and the Georgia Mid* the \Y. -linghouso E lectric & M anufacturing Company, th e
la n d A O n Jf
wdu »t foreclosure, a# t i n the Montgomery restoration by the Lehigh V alley of th e 10 per c e n t reduo*
TucaJkigwa ft Memphis and the Port Edwards Centralis & 1ion in wages m ade in 1893, and the submission of a reorNtsrttw
ganization plan for th e N orthern Pacific w ith a g u ara n ty
tfo«ry Market The
fffftWltftt hood tm k pro- syndicate for $45,000,900. It transpired th a t th e an th ra cite
d ared a 0 4 M m tmvtm* ii %t he mo n#l market- Tiio S octi-tary coal roads bad determ ined n o t to have th e agreem ent en* ||r m t-4 ■H
<t the 5, ffS*-eeds for th e boat a t<> he pai 1 into I'-rnd into in Ja n u ary formally signed and executed
ihd- 4r-|«r
Mlifito m IfftJlt## it ir th a t | urpoat*. an i the presum ably because of legislative hostility.
F u rth e r
m< h**U\ at IIl#
^4* Of tie inoittii appear! to hare payments were made on account of th e subscriptions
h i m ^ mufa9 1a iff mil l-t ft ilnllitui. The ina r f o t devc loped to die Government loan, an d a t th e close of th e m onth only
m m * Curing 0 tlrat %wft wftftka tho rut# t* r m il •'•■out five million dollars rem ain ed to be paid for both prin­
}|,T,t ft cipal and premiums. The S ecretary of th e Treasury called
1*
t m it, h (it tH# tuMi t wo ¥?w*\la lift’" hi ghoM figurt? Was
t he depositary banks for a p ort of th e moneys held on
U fdrt c,<
mmmf Afti ft
pt* m m P There « m at
>!>'! account, and $5,890i000 was tran sferred to th e Treas­
%m4, till i#»
mviem t* ftHSki! i rill# h m m or to V»uy cotinner- ury during the m onth. The T reasury reserve w as reported
rial f«»{ t |#ftY
Willtlf 11 |ft mm w h at tl 1C effect c f the v sly:;.yr,2,979 on March 2 and at $128,646,461 on A pril 1.
1 to : bu %f%ilotillv the feet ing change d and The prem ium on gold ruling in the m ark et practically d is­
ham*1 m
A i til# In gitixil in if th e m< ftih t he e h nicest appeared. Abroad the Italian s suffered a g re a t reverse in
|- r cen t, an d th a t wa % also Abyssinia in a b attle on March 1 a t Adowa, th is leading to
r m M m All
sW ill# rate for t lift# 1
S for all period#. U the .'. change of m inistry in Italy, an d th e British G overnm ent
cl-w iff tlx® f»o till) $kxP i ft ft ill#t f toys dou
imper determ ined to s<-nd an expedition up th e Nile ag ain st th e
was boa ^iit f m Mr at m m i («*r
t and t our month! com- Mahdists, who threatened to advance into E gypt from the
t&imkm h m m m m m 9ft »I ftt 51* •A per c e n t; some extra Soudan.
rhoie

r<> wu
4 * at 1 per cent fo rth iriy. to sixty
........
. days,
«);,..........

J anuary 2, 1897.]

THE CHRONICLE.

— R a ilr o a d E ven ts a n d S tock E xch an ge M a tte rs.—The stock
market was dull and irregular but w ith a weak tone, until
towards the close o f the month. Chicago Milwaukee & St.
Paul common sold at 78% on the 4th and at 73% on the
24th, and Louisville & Nashville at 54% and 48% respectively
on the same dates ; these tw o stocks indicate the course of
values for many other stocks. Towards the close the pub­
lication of the February statement o f earnings o f the Bur­
lington & Quincy served as a stimulus to the whole market
and part o f the early decline was recovered. General Elec­
tric advanced sharply on the agreement w ith the W estinghouse E lectric Company. The appearance o f the reorgani­
zation plan o f the Northern Pacific had the effect of
advancing several of the bond issues of the road, while the
stocks declined. Baltimore & Ohio stock sold down to 13
on the 6th. In the Northern Pacific receivership cases
Judges Gilbert and Hanford, in the United States Circuit
Court, at Seattle, refused to carry out the instructions of
the Supreme Court Justices intended to settle the conflict
o f jurisdiction between the different circuit courts, and
continued the separate receivers for the W estern part of the
system. The United States Supreme Court rendered a
decision in favor of the estate o f Leland Stanford in the
attem pt to make the estate as a stockholder of the Central
Pacific responsible for the debt ow ing by the road to the
United States Government. In- the Houston & Texas Cen­
tral foreclosure suit, the U. S. Supreme Court dismissed the
appeal, thus establishing the validity o f the foreclosure.
Reorganization plans were issued for the Norfolk & Western,
the Memphis & Charleston, the Oregon Short Line & Utah
Northern and the Seattle Lake Shore & Eastern. A receiver
was appointed for the Pittsburg & Western, this road being
part of the Baltimore & Ohio system. A re-sale of the
M arietta & North Georgia was ordered. Receivers were
appointed for the Central V e rm o n t; also for the South­
western Arkansas & Indian Territory. The Kinderhook &
Hudson, the Brigantine Beach, the Florida Midland and the
Humeston & Shenandoah were sold in foreclosure. New
receivers were appointed for the Louisville Evansville & St.
Louis. The U. 8. Supreme Court sustained the injunction
forbidding the purchase o f the Chesapeake Ohio & South­
western by the Louisville & Nashville ; the Court also sus­
tained the suit to enjoin the Great Northern from entering
into an agreement to control the Northern Pacific, as pro­
posed last summer.
— The M oney M a r k e t.—The money market continued easy
during March, notwithstanding that both the money hold­
ings and the surplus reserve o f the N ew Y o rk Clearing
House banks steadily diminished—in part because o f the
transfer o f money to the U. S. Sub-Treasury from the
depositary banks holding deposits on account o f the bond
payments, as noted above. The demand for call loans was
not urgent, and rates ranged between 2% and 4% per cent,
w ith the bulk o f the business at 3@3% per cent. A t the
banks and trust companies the rate was generally 3%®4 per
cent. In time loans th irty to sixty-day money was in the
first week quoted at 3 per cent, but later the rate for these
periods and also for ninety days was 4 per cent, while for
four to five months the rate was 4% per cent, and for longer
dates 4%4i5 per cent. For commercial paper the rate for
sixty to ninety-day endorsed bills receivable the first week
o f the month dropped to 4%@5 per cent, but the failure of
some important houses in various parts o f the country led
to a rigid scrutiny o f names and the rate was a little stiffer
at the close at 5% per cent.
— F oreign E xchange, S ilver, E tc .—Foreign exchange devel­
oped a rising tendency the latter part o f March and the
indications pointed to an early renewal of the outflow of
gold to Europe. A feature was the high price asked for
cotton drafts, the figures ruling close to those for bankers’
long sterling. A t the beginning o f the month the rates for
actual business in bankers’ sterling were 4 86%$4 87 for
sixty-day bills, 4 87%@4 88 for sight and 4 88@4 88% for
cable transfers. These rates remained unchanged until the
9th, when an advance o f a quarter of a cent was made. On
the 13th the advance was lost, and on the 18th there was a
further reduction o f a quarter of a cent, leaving the rates
at 4 86%@4 86% for sixty-day sterling, 4 87%@4 87% for
sight ana 4 87%@4 88 for cable bills. Thereafter the market
grew strong on rather a small volume of business and
steadily advanced. The close was at 4 87%@4 88 for actual
business in long sterling, 4 88%@4 89 for sight and 4 89@
4 89% for cable transfers. The Treasury raised the charge
fo r gold bars from 1-16 of 1 per cent to 3-16, and made this
also the price for jewelers’ bars, which are usually sold a
little lower. In the market the fractional premium on gold
previously ruling practically disappeared. In the European
money markets the discount rate for sixty to ninety-day
bank bills in London was much of the time only 11-16 of
1 per cent. The price of silver fluctuated between 31 %d.
and 31 9-16d. per ounce.
A P R IL .— C u rren t E ven ts.—Improved weather conditions
caused business to start up a little during April. Besides
this the action o f some leading State conventions of the two
political parties in taking a positive stand on the silver
question had the effect of relieving the anxiety in that re­
gard to an extent; then also discussions in Congress of irri­
tating matters calculated to disturb our foreign relations in
a measure ceased. Furthermore European capitalists for
the first time since the disturbance the previous December

11

showed an inclination to buy some o f our stocks and bonds.
The better weather changed the aspect of the retail trade,
and this in turn reacted favorably on the wholesale lines
of business. The House o f Representatives on the 6th, as
noted in March, adopted the Senate resolutions recognizing
the belligerency of Cuba in place of its own resolutions,
and this ended that matter. The resolutions were ' ‘concur­
rent.” not “ join t,” and were not sent to the President for
approval, and he took no action in accordance w ith them.
On the 22d the London “ Times” published a despatch from
its W ashington correspondent saying that the negotiations
between the United States and Great Britain regarding the
Venezuela boundary dispute were at a standstill. This had
a slight adverse effect on the Stock Exchange, but was oth­
erwise without influence, as reassuring statements were
made in Parliament. The gold outflow (the first since the
February bond sale) began on the 7th, and the net ship­
ments for the month from the United States aggregated
$2,662,498. The metal for the first tw o consignments
was not taken from the United States Treasury but was
furnished by one o f the banks. The payments of gold into
the Sub-Treasury on bond account were small, while there
were some withdrawals from the Treasury every day
The gold reserve was reported at $128,646,461 April
and at $125,393,900 May 1. On A p ril 30 the Secretary
of the Treasury made a call for another portion (about
$3,600.0001 o f the gold held on bond account, and p re­
viously in the month there had been voluntary transfers to
amount o f about 2% m illion dollars. The average condi­
tion o f w inter wheat A pril 1 was only 77'1, but an im­
provement to 82'7 occurred by the 1st o f May. N ew York
City failed ( C h r o n i c l e of A p ril 4, page 612,) in an attempt
to sell 3 per cent gold bonds, and the rate of interest was
advanced to 3% per cent, and the bonds were sold in May,
the bids on this latter occasion aggregating $37,702,017.
— R a ilr o a d E v e n ts a n d S to ck E xch an ge M a tte rs .—Under
the improvement in conditions noted above the stock
market showed a rising tendency and prices gradually ad­
vanced, in some cases touching the highest price's o f the
year up to this time. The dispatch in the London “ Times ”
already referred to exercised some adverse effect, but only
temporarily. In the closing days o f the month the market
reacted, though the advance was on the whole w ell main­
tained. St. Paul common sold at 74% on the 9th and at
79% on the 28th, Burlington & Quincy at 77 on the 9th and
at 82% on the 24th, and Louisville & Nashville at 48% on the
7th and at 53% on the 21st. Decrees were issued towards
the close of the month for the sale o f the Reading, the
Northern Pacific and the St. Louis & San Francisco. A
decree was also issued for the sale o f the Jacksonville Louis­
ville & St. Louis. Default occurred in the payment of the
coupons due A p ril 1 on the 6 per cent bonds of the Ogdensburg & Lake Champlain, this road having formed part of
the Central Vermont system. The Hlinois Central acquired
control o f the St. Louis A lton & Terre Haute. The Detroit
Lansing & Northern was placed in the hands o f a receiver
pending the carrying out of the reorganization plan. The
Pittsburg Marion & Chicago was sold at foreclosure; also the
Birmingham Pow derly & Bessemer and the Norfolk A lb e ­
marle & A tlantic. A reorganization plan was issued for the
St. Louis & San Francisco, providing for the separation of
that system from the Atchison. A settlement between the
Northern Pacific and the Chicago & Northern Pacific was
agreed upon, and also between the Oregon Navigation and
the Union Pacific. Receivers were appointed for the Excel­
sior Springs RR. Another plan for the reorganization of
the Memphis & Charleston was issued.
'— The M oney M a rk e t.—In connection with the 1st o f A pril
settlements the rate for call loans at the Stock Exchange tem­
porarily advanced to 4% per cent, but afterwards the mar­
ket again developed steadily grow ing ease, and at the close
loans were freely made at 2@3 per cent. A t banks and trust
companies the rate dropped from 3%@4 per cent to 2%@3
per cent. For time money 3 per cent was the quoted figure
at the close for all dates from thirty days to four months,
3% per cent for five to six months and four per cent for
seven to eight months. For choice double-named paper,
running sixty to ninety days, the rate at the end of
the month was only 4%@4% per cent, against 5%@6 per
cent at the opening. The return flow of money from the
interior was very heavy, and notwithstanding the transfers
to the Treasury and the gold exports, both the money hold­
ings and the surplus reserve of the Clearing House banks
largely increased.
—F oreign E xch an ge, S ilv e r, & c.—There were few special
features in the exchange market during April. The gold
outflow foreshadowed in March did not reach large propor­
tions. Towards the close of A p ril the decline in interest
rates here removed some of the inducement to loan foreign
capital, and exchange again advanced, causing a renewed
export o f gold in May, but it was a question whether
the export was justified as an exchange operation.
On actual business the rates for sterling stood at
precisely the same figures at the opening and close of
the month, namely 4 87%@4 88 for sixty-day bills, 4 88%
@4 89 for sight and 4 89@4 89% for cables. In the interval,
however, the rates first rose a quarter o f a cent (this was
on the 6th), then (on the 10th) declined a quarter of a cent and
on the 14th declined another quarter, thereafter moving up
and down irregularly. In Europe there was a slight hard­
ening in the money rates at the leading financial centres.

1*2

I’HE CHRONICLE.

< i st 'Of : cb - »- i i up t<> : ' ! •’
‘
fall, mm! o» «»»>
th a tth e
** she rw.i is JoluUMWxburg at tlw «*d «rf 1 -‘.‘-t had
.Ira!!., f t - J*T!> < dropjih d to J U ^ , frm«t
wfclris Bsxhk iiitfr. wa* iwiif a Might n « « < ty » f e » It "**
„
■>.-!•'
* : :
‘:
“• i ‘
{%,.
i th> ***»!*»&». A »Sabine t e-fiat* in r ranee
t* -i if.,, eft,,-- t® i | m fijuHuuU m i r l t w .
# » rt* a *»4 * U h i» a ta m iw range.

The pric e o f silver

jj* V
< ,; r,rt.i
Tin- {*4ttie«l Mutation » w « •
s<. „... •
}„j a c r w iin * liirinr May. Hie silvt r advocates
w*.«'«trr4 » .-s.-at r a n ; a# ih r Htsiu* Swmoenitic in v e n tio n s
,c, i .
Si at. i W. «t. and tin,re were aW> doubt* whether
tev ltrpnldrewn S:*SiiHsai C*.nvi*iit»on LvmW he dependf-d on
{ *;..
... • • .*i; * f *!" t •** . old S! lll'i.lf'l. As .* !•'*•Ul£
t o u , i « . . •■> «!.• * isU * t w . Uni'! • xjuirta were targe.
f'r.»ri«H.** i ' 1, mailt *t» ddllaw n e t, Paym ents into th e Treasury
:.t . ‘ t':.« 1 • hru.u v W-n i -alt* wen* -malt, not a
fte »t *ec utot remaining to i*.- paid l«r. The Treamtry gold
t, iu> r j {nor. SJ2A,.s*Al.ta«» May 1 to $108,845,234
fjw > n >4 'M>:i.i ac n n r.- report ahow.-J nearly
,. ;■ o*ns
in i-ott«»n area in tb« Southern
suv.
ii-.,- » . Aii-.r . .rndlt:>■!•.» were generally very faitvT the o a u , b u t in the Northwest the planting
wheat i* a . .i< lay ed b r n»tmt. Quite a num ber of
e. m :
in the W est, and S t. L-ouas was
« t r 4 « Stay
by a trm tie tornado, causing the loss of
•F.»«nki bun Ire i litres and the destruction of property worth
w arn mi.lt*-uv.

[VOL, LX1V,

jsirt- b"ing$l4?,4tftMl5. The T reasury oil the 39th reduced
tin-prem ium on gold bars from 8-16 to *p ° f one per cent.
In Europe an instalm ent of fta millions sterlin g on account
o f th>- Jap an indem nity was paid by China to Jap an , tw o
million pounds of the am ount being loft for th e tim e being
w ith the im perial B ank of G erm any instead of being tra n s­
ferred to th e Bank of E ngland. The coronation of th e Czar
of Russia occurred, an d d u rin g th e festivities an accid en t
took place at which over a t housand persons w ere tram pled
to death. The fluctuations in silver were u nim portant. In
London English consols again advanced, an d they closed a t
t jg ji, a recovery of over tw o points. A t th e G erm an m one­
tary* centres in terest rates showed a hardening tendency.

JU N E .— C urrent E ven ts .—The political situ atio n con­
tinued the dom inant factor in affairs d u rin g Ju n e. The
Republican National Convention w as held on th e 10th, 17th
and ikth. The money plank in th e platform was sharply
contested both in com m ittee an d before th e C o n v en tio n ;
the silver advocates subm itted a m inority report and m inor­
ity resolutions, b u t were overwhelmingly- defeated. In th e
Convention th e free-silver su b stitu te offered by S enator
Teller received only 105'4 votes, w hile 818}$ votes were cast
ag ain st it, an d th e vote on the adoption of th e financial
plank was 812* J to 1104$. Following th is action, 21 of th e
silver delegates bolted from the Convention, com prising th e
entire delegation from Colorado (eight m em bers', headed
bv Senator Teller, th e entire delegation from Idaho (six
nit-n), headed by Senator Dubois, 2 delegates from Nevada,
3 from U tah , 1 from M ontana an d 1 from South Dakota.
) a ii.l Sf'H-i; Exchange dfaffw*.— Under The effect in business circles w as very* b eneficial; b u t th is
the Upr* **n.4» in trade an d the un.xrrtainty regarding the was counteracted la te r on b y the unfavorable developm ents
brat octal
ntwoutation on tin- Stock Exchange was regarding th e a ttitu d e of th e D em ocratic P arty . Ex-Secre­
i,
.
i- * .4 M i
earnc almost to a standstill ta ry of the Navy W illiam C. W hitney an d oth er leaders
• t t un*. * Tie ■aiamitv at St. Louis tow ards the close of the in itiated a vigorous m ovem ent in favor of sound money, and
;.
Tire share sales reached only th e New York S tate D em ocratic Convention adopted reac­
8 .».iM .a *U*r<->, which contract s with 8.932,707 shares in May tions favoring bi-metallism by in tern atio n al agreem ent, b u t
of last vent The general tendency of prices w w downwards, declaring th a t m eanw hile th e gold stan d ard m ust be m ain­
ti-rueh th. d- ,‘istv wftj. not large except, in special instances, tained. In Ohio, In d ian a and Illinois, however, th e Demo­
M anhattan Ktatared stock fell off sharply, but subsequently, cratic Conventions all pronounced for silver, m aking it
»a sts« decision of the Appellate Division of the Supreme evident that- the D em ocratic N ational Convention would be
Court r*-f■usitsg t» iMimitu tie.- report of th e Commissioners controlled by the silver elem ent. The price of U nited
j. r, favor of sh. Rape! Transit r<aid, which was interpreted States 4s of 1925 advanced from 116$$ to 118*4 on th e action
to « u « « the hilling of th.- project, a decided recovery of the Republican Convention, b u t dropped back to 116}$
t., •..• followed by renewed weakness. Judge again after th e other events noted. Trade an d business con­
Wlweh r is the 1 lut.-i States Circuit Court for the Southern tinued restricted. Several of th e New E ngland cotton mills
District of New York, denied tin* petition of the U. S> sh u t down an d th e m ovem ent becam e quite general in July.
(i<>v<,t~n.me;st foj ,.»> injunction ugainst the Join t Traffic P rin t cloths sold a t 2 7-16 cents, th e low est price on record,
Aswor-iafK.n The Norfolk & W estern reorganization plan and staple gingham s an d bleached cottons also touched an
wjm*deelar.-i eff.-ctive, 'lie receivers of the Baltimore & unprecedentedly low figure. On th e 2d of th e m o n th the
t ibiu <r«r«*authorized to issue So.ihsi,0<.io receivers’ cert iiicates U nited S tate Senate, by- a vote of 32 to 25, passed th e B utler
and ^t,t«u,Ws> car trusts. To avoid default the Columbus Anti-Bond Bill, prohibiting fu rth e r sales of G overnm ent
Sandusky & H.s kitig announ. . .1 its intention of paying in b o n d s: when the bill reached th e House of R epresentatives
ad**t;e.-.
r ii,-n scrip the ,upons due July, 1896, and it was prom ptly rejected by th e Com m ittee on W ays and
«
•
'
1 > innati Means and would undoubtedly- have been rejected by th e
l»4orivti ,x Northern was purchased by the Pennsylvania House also had it come to a vote. The P resident on May 29
Batlmad. The D»ui«vsi!.- St. Louis A Texas was sold a t fore- had vetoed th e River an d H arbor Bill because of its ex tra v ­
rloKure sale; also the G w a Bay Winona & St. Paul, the agance, b u t the bill was passed in Ju n e over th e veto by a
Meriden W ater bury' A C onnecticut and the Seattle Lake very large m ajority. H e also vetoed on Ju n e 6 th e G eneral
Sibwn? .V Km>t«m -V receiver wits api>otntod for the Duluth Deficiency Appropriation Bill because of th e allow ance in
Terminal Hail war.
it for the payuuent of th e old F ren ch spoliation claim s
Tbr JfoBcjr IfitrW — The case in money grew still more d atin g back to th e close of th e la st century. This veto was
jwi tw.otna*,! -hiring May. The dttlness of trade and absence upheld and a new bill passed w ith th a t item om itted. Con­
of wp.-r.ulation
h-rated the flow of currency to this centre gress adjourned on th e 11th. The final paym ent by th e sub­
from ti«<- interi<Sr. attd at tin- same tim e diminished the de- scribers to th e G overnm ent loan of F ebruary fell due. b u t
-i f-.r tii.it. *»y here. Not w ithstanding the exports of little rem ained to be paid. The S ecretary of th e T reasury
th. nu.iith, the New York Clearing called on the depositary banks for th e rem ainder of th e
H«au» Iwtnlo r.
i $i
specie and legal tenders money held by them on bond account, estim ated a t $4,500,May 2rtl»,_aft»in»t $M«.6W mat May 2. At the close of the 000. Gold exports continued and about S6.000,000 n e t w ent
t*v-?.th , s ! motley i'liiu.-d fryxdy-V.n the StiK-k Exchange a t from the U nited States. The Treasury gold reserve was re­
D»
i- r >••'*•! tytj-i the rate at batiks and tru st companies duced from $108,845,284 to $101,699,605. The price of a n th ra ­
«•»«
.!-iy i j«-» .-•-nt. Somu: reduction wna also made in the cite coal a t tid ew ater was fu rth e r advanced 35 cen ts a ton.
ra t' , for tin.- . - -n tra 't • in the last week of the month, and The- crop situation rem ained very favorable except for
ijifcrtnttOM* on
Stock Kt. hang.- collateral were 2f^ per w in ter w heat, the condition of oats Ju n e 1 being reported
for thirty to -i.ixty .lavs, !S jMirttent for ninety days to 98-8, cotton 97'2 and spring w h eat 99*9. In our foreign
f'r-.n ttn*ih» -i5, j«*r c,nt. {„( five to tdx months, and
affairs a slight ripple was caused by th e arrest by th e V ene­
j:»-r <x-n«, tt>t *• «*t. to ..jght im.nth*. For commercial paper zuela authorities of a Crown surveyor on te rrito ry in dispute
5,5 th.- .•*<«., wi-rn t •» D.y ;»er cent, far sixty to ninety between Venezuela and British G uiana ; th is w as quickly
d a f *-s i«rw<l 1411a rr-ceivabC and 4'.|@4f,,y m.r cent for followed, however, by his release.
vboi - lorn m.-nthi
house nanjf-s. The Secretary
-R a ilro a d E vents a n d Slock E xchange M a tters.— T h e
of fiv Tri-.,t4-,try ,-n th< 15th made another call on the de- stock m arket was depressed d u rin g Ju n e. The week before
pem iary bank* for a jx-rtioti of th - pmoueda still held by the Republican Convention th e m ark et for a tim e was
si*- !..,
■..nut f.f the February bond sale, and $3,000,000 almost panicky. B ut th e n ex t week w hen it becam e appar­
un i* r * .* %.- -■ ,, ’ i .- -f. n* t to the Sub-Treasury the last ent t Hat the Convention would declare its adherence to the
w iefcff Slw- month, til., r o f ,,{ th<- amount called being gold standard, prices displayed m uch stren g th and quite
turned over the w h fo rt o f Juac.
a general advance o cc u rre d : the realizing sales soon
Kr rh^nfff. s . h r r . <tc
| n the rat.-s for nctual i-aiiM-d a reaction and later th e course of the D em ocratic
ha*i ik -** "■ foreign vxcbangi* there* were only five changes S tate conventions in th e W est led to renew ed weakness, re‘innf.g M.»y. • s. b >,? .-n.-sjuarter of a cent |s-r pound sterling, stilting finally- in a sharp break in the closing days of th e
the riv»njn l»ing alternately up and dow n,so the range for m onth. Burlington & Quincy sold at. 80$$ on th e 17th an d
th« month e ' o .* a» only on. quarter o f a cent. The close at 72 , on th e 29th : Rock Island a t 72$$ on th e 17th, 65$$ on
was «»* -qtxnrl*-r !««-»<» titan, the opening, a t 4 NT'yfS l «??f for th e 29th ; and St. Paul common at. 79,Tj on th e 17th, 78.$$ on
*1*1; -lay Mil* D * : ,-<l f-1!. f«r' sight and 4 w g a i M for the Uth, The industrial stocks were especially w eak an d
'» b t" transfer*-. OHumerctal bill* remained very scarce. A m iri.-an Sugar common dropped from 125 on th e 6th to
*r«* t h ' retjqdy Of IwMker*' Mil* was limited chiefly to those 1IW4 nti the 29th. The Denver & Rio G rande declared a
it,,- .•xp.rrf,* of gold. It trns tejuirb-d th a t four divjtb nd of one per cent, on its preferred stock. The Cedar
m ttifrm dollar* of New York City Mold* and gl.Ofw.noo of I ail A Minnesota was sold at foreclosure and purchased in
bte!* - f MaMach.isctts hrmd» had fewn sold abroad, and also f he in terest of the Illinois Central. A ustin Corbin was
♦hat » * n * new i w u « of railroad bond* had tieen floated in killed in an accident on Ju n e 4, The C entral Pacific offered
t **f-*•*
hill* agninst th - same appeared in the mar- 1" ext.-od its first m ortgage bonds due Ju ly 1 , 1896, u n til
k«; Th- outflow of gold to Europe continued, the net ex* Ja n u ary t. 1898. a t 5 per cent. Messrs. B lair & Co. of New

Januaby 2, 1897,]

THE CHKONLCLE,

Y o rk purchased a controlling interest in the Houston East
& W est Texas. The St. Louis & San Francisco was sold at
foreclosure ; also the N ew York & Sea Beach, the Grand
Rapids & Indiana, the Frederick & Pennsylvania Line,
the Jacksonville Louisville & St. Louis, the Cheraw &
Chester and the Minnesota & Wisconsin.
The Ohio South­
ern, which had previously defaulted on its general mortgage
bonds, also defaulted in the interest due June 1 on the first
mortgage bonds. A receiver was appointed for the Colorado
Coal & Iron Development Co. The Green Bay & Western
was formed to succeed the Green Bay W inona & St. Paul.
The Georgia Midland was leased to the Southern Railway.
The United States Circuit Court reversed the decision o f the
lower court and declared legal the guaranty o f the Rich­
mond Nicholasville Irvine & B eattyville RR. by the Louis­
ville N ew A lbany & Chicago.
The Money M arket —Money rates ruled very easy the first
half of June, and call loans at the Stock Exchange con­
tinued to be made at 1%@2 per cent; but the payment into
the Sub-Treasury by the depositary banks on the 15th of
$4,000,000 o f moneys held on bond acccount, (in addition to
$500,000 paid the previous week) on the final call by the
Secretary o f such moneys held, stiffened the market, so that
the rate advanced to 2@3 per c e n t; from this there was a
drop to 1%@2 per cent again, followed at the close o f the
month by a temporary advance to 3@4 per cent, due in part
to the flurry in the stock market. A t banks and trust com­
panies the minimum rate on new contracts was first 2 per
cent, then 2% per cent, then 2 per cent again and then
3 per cent.
Time loans after the middle of the month
w ere quoted about half of one per cent higher, at 3
per cent for th irty to sixty days, 3% per cent for
ninety days to four months and 4 per cent for five
to six months. Some business in Eastern city paper, made
in anticipation of the collection of taxes in November, was
done at 3 % «3 % per cent the early part o f the month and at
3%@4 per cent the latter part. Rates for commercial paper
were firmer, but very little changed, at 4<*4% per cent for
sixty to ninety-day endorsed bills receivable and 4%@5 per
cent for choice four months commission house and first-class
single names. In face of the transfers from the depositary
banks to the Sub-Treasury, and the gold exports, the money
holdings of the New York Clearing House banks were only
slightly reduced.
—F oreign E xch an ge, S ilv e r , E tc .— Rates for actual business
in exchange moved irregularly up and down during June
within a narrow range; the close was one-half a cent lower
than the opening at 4 87@4 87% for sixty day bills,- 4 88@
4 88% for sight and 4 88%@4 88% for cable transfers. The
supply o f commercial bills was very small, and bills against
purchases o f stocks by the arbitrage houses were observed
only during the week when the Republican Convention was
in session. A good part o f $5,100,000 Milwaukee Electric
Railway & Light Company 5 per cent gold bonds was placed
abroad by Messrs. J. P. Morgan & Co., and foreign interests
purchased for $7,000,000 another block o f Anaconda Copper
m ining stock. The offering o f bills against these and other
loan negotiations tended to supply a part o f the inquiry for
exchange, and in addition, as noted above, the net out­
flow o f gold amounted to $8,000,000. The silver market
was firmer, and on the New York Stock Exchange there was
quite a speculation in Silver Bullion certificates. In London
the price was 31 3-16d. June 1 and 31%d. June 30, the highest
having been 31 9-16d. In Japan a tidal wave destroyed from
25,000 to 30.000 lives.
J U L Y . —C u rren t E v e n ts.—In Julv the situation became
highly critical. The Democratic ^National Convention at
Chicago, held July 7 to July 11, not only took a stand for
the independent free coinage o f silver by the United States
at the ratio o f 16 to 1, by the large vote of 628 to 301, but
pronounced in favor o f a number o f other dangerous doc­
trines. Dominated by the Altgelds and Tillmans, the con­
vention declared against any further issue of Govern­
ment bonds; demanded that holders o f obligations o f the
United States should no longer be allowed to choose the
kind of money in which they would receive payment; de­
nounced Federal interference in local affairs and “ govern
ment by injunction,” the reference being to the action of
the General Government and the courts at the time of the
Chicago riots in 1894; and hinted at a purpose to reorganize
the U. S. Supreme Court. W illiam J. Bryan, an ex-Congressman from Nebraska, who captured the convention by one of
his speeches, was nominated for President and Arthur
Sewall o f Maine for Vice-President. The action o f the con­
vention caused great uneasiness in the public mind, and
the next week (ending the 18th) the Stock Exchange showed
great depression and a heavy decline in prices. On Monday,
July 20, the situation reached an acute stage; the gold ex­
port movement had been resumed on a large scale; there
were also considerable withdrawals from the Treasury for
hoarding; the price o f the new Government 4s was down to
112% for the coupon bonds (against 116% earlier in the
month and 118% in June after the Republican Convention);
in the stock market prices were declining at an alarming
rate, and the Government gold reserve was down to below 90
million dollars, with the prospect of further large withdraw­
als. A t this juncture the banks and trust companies of this
city agreed to place part of their gold at the disposal of the
Treasury, and Boston, Philadelphia and Chicago were also
enlisted in the movement; altogether it is believed about

13

$25,000,000 was contributed. In New York the transfers
began on the 22d and by July 31 $18,240,000 had been turned
over. A t the same tim e Mr. J. P. Morgan convened a meet­
ing of the foreign exchange houses and gold shippers to
devise plans for stopping further exports o f gold. This
proposal almost in itself sufficed to check the gold outflow,
and the syndicate did not find it necessary to sell a large
amount of bills in the aggregate. A t the end o f the month
the Treasury gold balance stood at $110,718,746, and the
price o f the new Government 4s had recovered to 114. There
was no bolt from the Democratic Convention as in the case
o f the silver people at the Republican Convention, but the
ticket and platform were repudiated by leading Democrats
and newspapers all over the country, and at a gathering at In­
dianapolis on August 7th a call was issued for another Demo­
cratic National Convention to be held at Indianapolis
September 2d. The Populist, or People’s Party, also held
their Convention on the 22d to the 25th inclusive. They
nominated a candidate for Vice-President first, choosing
Thomas E. Watson, and then endorsed Mr. Bryan for Presi­
dent. The National Silver P arty held their Convention
about the same time and endorsed both Bryan and Sewall.
Owing to the generally unsettled condition o f things, both
New York City and Brooklyn failed to dispose of their offer­
ings of 3% per cent bonds. The crop situation continued
very favorable.
—R a ilr o a d E ven ts a n d S tock E xch an ge M a tte rs. — Great
depression ruled on the Stock Exchange during July, as the
result of the events above narrated. On Monday, the 20th,
a panic was only averted by news of the contemplated ac­
tion o f the banks in givin g up part o f their gold to the
Treasury. This movement and the action taken to prevent
further gold exports led to a sharp recovery in prices. But
subsequently the market weakened again, and many stocks
touched lower figures than before.
The sudden and
severe sickness of Mr. Cornelius Vanderbilt was also
used as a depressing influence the last half o f the
month.
A rate war between the Seaboard A i f Line
and the Southern Railway had an adverse effect on the
stocks o f Southern roads; this war was arrested just as it
threatened to involve all Southern roads, by an injunction
granted by Judge Simonton in the United States Circuit
Court at North Carolina. The extremes for the month for a
few leading stocks were: Central o f New Jersey 103% July
1, 87% July 22; Burlington & Quincy 73% on the 13th, 62%
on the 20th; St. Paul common 76 on the 11th, 66% on the
29th; Rock Island 66% on the 1st, 52% on the 20th, and Lake
Shore 148% on the 13th, 137 on the 20th. During the month
the Canadian Pacific agreed to join the Joint Traffic Associ­
ation under certain conditions. The Wabash declared a
dividend on its debenture (_ lass A bonds. The Sandusky
Mansfield & Newark (part of the Baltimore & Ohio system)
defaulted in the interest on its first mortgage bonds; the
coupon was paid the follow ing December. The dividend on
Central Ohio stock was also passed. The Terre Haute &
Logansport and the Bloomsburg & Sullivan likewise de­
faulted. A receiver was appointed for the Seaboard Rail­
way, a small road in Alabama, and also for the Denver Lakewood & Golden. The Columbus & Hocking Coal & Iron re­
ceivership suit was dismissed and the July interest was paid.
The Northern Pacific was sold at foreclosure, also the Oregon
Railway & Navigation (besides several o f the branch lines),
the Kansas City- & Omaha, the San Antonio & Gulf Shore,
the Carolina K noxville & Western and the Duluth & W in ­
nipeg. The Fourth Avenue Street railway line of the New
York & Harlem was leased to the Metropolitan Street Rail­
way. The W heeling & Lake Erie increased its stock $5,000,000. The Chesapeake Ohio& Southwestern was sold at fore­
closure and purchased by the Illinois Central. The Great
Northern arranged with a Japan line for steamship service
between Seattle and Japan, China, etc.
— The M oney M arket —The unsettled state o f things in the
financial world was not felt to any great extent in the call
loan branch o f the money market, where the rate did not
get above 3 per cent, but in the market for time loans and
commercial paper the effect was marked. Lenders showed
unwillingness to put out their money for long periods, even
on the best o f collateral, and at the close of the month the
ruling rates were 5 per cent for sixty days to four months
and 5%@6 per cent for five to six months. The same condi­
tions also affected the market for commercial paper and at
the close o f the month rates were firm ly held at 5%r<36 per
cent for sixty to ninety day endorsed bills receivable and
6^37 per cent for four months commission-house and firstclass single names.
— F oreign E cch a n g e, S ilver. E tc .—Foreign exchange was
heavy early in July in consequence o f the offering of bills
against stocks bought for European account. London did
not at first seem disturbed by the action of the Democratic
Convention, but later, on the serious view of the matter
taken in this country and the unfavorable developments
resulting therefrom, that market too began to show uneasi­
ness. About this time there was likewise some buying of
long sterling for investment. Exchange consequently de­
veloped increasing strength, and by the 16tli rates for actual
business in sterling had advanced altogether about one cent
per pound to 4 88 « 4 88% for sixty-day bills, 4 88%@4 89 for
sight and 4 89 rf 4 89% for cable transfers. Gold exports
to Europe for the week ending the 18th aggregated
$3,316,000 against only $400,000 for the whole rest o f the
month previous to that time, and on the 20th $3,033,000 was

the

14

c h r o n ic l e .

[VOL.

LX1V.

of foreign j August M and touched 06 on]the 81st. Rock Island opened
at 56I* and closed at 50> j,. th e range h aving been from 49,dj"
o u tlaw i»f tis<*
m%» rviW tH l in ili« w^lmaAag' of the j Augu-t T to M 1., A ugust 81. Burlington & Quincy sold a t
■ , r. ihe
» rr*Vttoti<*a o» ilm l liny of one* i 88 on the Nt and at 58 on t ho 7th, and closed a t 611* on the
- , j * srrM '(ri, 0/*' ml*1 if *r afttifeJ httsiiifvt for long | H1st , j’lni railroad rate situation w est of Chicago an d St.
irfiA'i.- • ?•-•.. < Ujiisg* in rilb t’j iKiglbl n%t»M 0 t ciblt‘ UW^' Louis grew n u ar unfavorable. In th e South th e injunction
£r r * ul ’• »
M km * i h j * fort lie? rodtiellon of ft quarter j against th e rate reductions of the S outhern Railw ay and
c,f #
t o t
. . naf.-> •« iL« *k m d a t r tu itio n slm>©£ J lhe Seaboard A ir Lina was dissolved on A ugust 81. The
fHiii*rt<ef of a r* nt in the actual natr# for lig h t ami eablo Louisville New A lbany & Chicago was placed in receiver’s
%n,c -*»j « On fjfet* l**t <iii**ijtk*ti€*<
*i tlav $^,0i*,000 gol«i P^o-1 hands to escape liability for th e g u ara n ty bv a form er m an­
•rs no* . rt *,**,;« I tm#
tout a lte r th a t i&tr® were no j agem ent of the bonds of the Richm ond Nicholasville Irvine
A Besittyville HR. A proposition to sell th e C incinnati
r »' • >rt •» *»f iL* mrtatlfh* u o r k rt lubw^iuontl^ beoanio j
ftrui»-r
ami **n ill* ifhh thr-fr was an s 4 v| 8O0 of OOP* Southern to the Southern Railw ay and th e C incinnati
u$b*rt* t i»f 4 »> ut, l#-*iirtttg uotoai rat*** at th** closo of the Hamilton & Dayton was rejected by a vote of 15,780 to
«s *--th at s "I j 4 1 1*“‘ for Mxtv-Juji bills, 4 88M#4 $9 for i 15 892 at a special election in C incinnati. A receiver was
at^ht aoivl 4
v*o.4 far rabl* fvMftfei*, o r a t the highest appointed for the Kings County E levated.
- The Money M arket. —Money rates ruled h igh d u rin g Au­
.
!• rim;:. U ni He 1st July
gust for loans in an y form. The banks were low in reserves
'
i'.- in ->-t frossi <m**teht!i o f ont* per coot to one^tenth and called in loan’s; credits were g reatly curtailed; there
o t . ne ;«-r >•• nt A feature in Europe wus tin! offering of a was a very active dem and for money from th e interior, in
Ra**w»» is*u fir l,i»w mi l hen fran*>, which it was reported p art to move the crops, b u t in p a rt also because of th e gen­
wit*
,i f„r in P a m tweutv-ffve tim es over. Money erally disturbed condition of things; a disposition to hoard
f»-\. • (- tin ! .: • *• 4>'. !u-*•■.• > . !,!. :•< continued to rule low gold again became m anifest, leading to w ithdraw als from
—ui L.ei.S.u* only »t,art i , of 1 per cent for sixty to ntnety- the banks for exchange into gold a t th e T reasury, and m er­
chants found it difficult to obtain needed accom modations.
d r r hook hill*.
To relieve the strain suggestions for th e issue of Clearing
A t’i i r s T . —'
jK'tyttf*.—The situation ehanged.de- House loan certificates (under au th o rity g ran ted th e pre­
c, !- • • f i t she '•■ tl< t in Aoutlet. In the early pari of the vious December at. th e tim e of the p m ie caused by th e V en­
m t ! : ' .. ii.itU A continued gloomy. Foreign exchange ezuelan incident) were made, an d th e Loan Com m ittee m et
r*t«-» fah-J ’...■!■■. m ere were persistent w ithdraw als of gold several tim es to consider applications, b u t none were re­
fre t, ihv i -• >•••,» \ on domestic account: the stock m arket ceived. The la tte r p art of th e m onth th e sharp fall in for­
i. . •
i . r»;. of a jt&nie. w ith a continuous shrink* eign exchange and th e resulting large engagem ents of gold
ag» in raiue*.. while ti>« money m arket was disturbed and in Europe for the U nited States gave promise of relief in the
a*s ••«!'!■»..is tie ti. were difficult to obtain. The failure of the n atu ral way, though th e im portations did n ot come in tim e
M ■ I'r. t'hicagn, who had been engaged in a heed- to affect rates. The surplus reserve of th e New Y ork City
te*. «;«-• •u-ji.on in tie stocks of th e Diamond Match Company Clearing House banks was only ,$8,886,200 A ugust 29, as
an * -•• '•
i
. • •' -..puny, ,itjd whose liabilities were against $17,728,600 A ugust 1, and" th e money holdings in th e
erfiitna !«*-:! at iffteen millh
■ 1 further to increase the same interval were reduced from $138,982,100 to $121,819,900,
f
■
■
• - A- n result of tills failure, the On th e Stock Exchange th e call loan ra te advanced to 15 per
Clnc-aspii Stock Kvrhaitgc whs cJosed from August 4 till the cen t a t one tim e tow ards th e end of the m onth, an d hardly
f 1
'
; i r. Th< cl sing of the Murray Hill Bank an y loans w ere made a t less th an 5@6 per cent. Banks and
in this city i n the n t h by the S tate Banking Department tru st companies exacted full 6 per ce n t where th e y loaned a t
h«4 i«*»» effect, a* it * w a small institution. Perhaps the all. On tim e, loans could be obtained only on th e paym ent of
n> • i im portant factor of all was the nervous dread felt a commission am ounting to one or tw o per cen t m addition
«*»rwber«- • to the effect of th e m eeting on the 12th at the to th e rate of 6 per cent. The foreign bankers in some in ­
M aditua H-juare Garden, when Mr. Bryan was to receive stances loaned a t plain 6 per cent, b u t on a good note. In
not:-.- >.f ’ll. nomination and make a speech, w ith the pur- com mercial paper only th e very choicest grades found b u y ­
P>v
snr.oum-t-d, of taking possession of the "enem y’s ers, and these com manded 9@10 per cent.
—F oreign E xchange, S ilv e r, E tc .—Seldom has th ere been
country
H us meeting, as it happened, marked the
tu rn in g j*c>in!. It proved a failure, as the audience, such a decided change in th e tone of th e foreign exchange
though
large, quickly dwindled aw ay, and the m arket, and such a g reat decline in rates w ith in so short a
speech also whs regarded as weak. The stook m ar­ tim e, as occurred during A ugust. The m onth opened w ith
ket tic next m orning rose sharply and
moved th e m arket strong and rates high an d advancing, so th a t it
upward the rw»t of the month. The political outlook from seemed as if only the existence of th e syndicate organized
th a t *nr.i <ui .» adilv improved. Mr. Bourke Cockran address­ th e previous m onth to stop th e export m ovem ent of gold pre­
ing :i m«eting in favor of sound money a t th e Madison vented an outflow of th e m etal. I t closed w ith th e exchange
S-Iiiar*- Darden the next week, which proved an unqualified m arket w eak and unsettled, w ith rates down to th e gold*ii! .
and Mr. McKinley's letter of acceptance, in its pro import. point, and gold flowing th is way in large am ounts.
Ssiffli'i-l stand on the money question, also havinghgood The explanation is toy be found in heav m erchandise exports,
effect. An equaMy notable change took place in the financial small imports, an early cotton crop (bringing a considerable
eJDwitior!. 1-Veign exchange from the 7th of the m onth de- supply of cotton bills on th e m arket) an d high in te rest rates
cli.n> d .v’os a: eontinuou-h , and, whereas in July an agree- here, leading to creation of loan bills. On th e 3d rates for
«*••«! to stop <vjsorting cold was found necessary, at actual business in sight sterlin g and cable tran sfers were ad ­
th .
'e
f August an im port movement of large vol- vanced one-quarter of a cent, b rin g in g th em up to 4 89@
iii j-wv-rew!. The first engagem ent of gold for 4 89f-i for th e form er and to 4 89%@4 89J^ for th e la tte r. On
im j. ri w.i
ur e i on the li*tli and was by many looked the 7th they were reduced again a q u arter cent; on th e 10th
uj» n a* jsirt o f the relief work undertaken by the syndicate. there was a fu rth er reduction of three-quarters of a cent,
But :t *’.«•« Iieeniiie ;ijijeirent that the movement was a and th ereafter th e decline was rap id to th e end of th e m onth.
wic tly : oral me- Th* let.isita of imported gold did not The first engagem ents of gold for im portation w ere m ade on
w o w in tim e t count :n the Treasury figures in August the 19th, w hen actu al business in sig h t sterlin g was a t 4 85@
and th. t i-rve ,e. j at oniv $100,w ?,861 September 1 4 88% an d in cable tran sfers a t 4 85^@ 4 86. Some were
Th> failure of Hilton, Hughes then inclined to consider th e im ports forced and as p art
& Co the latter part of the m onth had no influence on of a scheme of th e syndicate to relieve the situ atio n here.
affsin
eh.-v Vnrg City again failed to sell it# bonds, the But subsequently th e rate for sight bills dropped to 4 83%@
Md< being .«iffl*"ii»nt but prices unsatisfactory. In Brook­ 4 84 an d for cable transfers to 4 84@4 8i% , an d th e im port
lyn Die !■- ;,f hnf k«
.to.ieni.ixsi of 5 [H»r cent gold ta x cer- m ovem ent assumed large dimensions. The decline for th e
t tfi--.-s.tc-A t > m|. pr"sj«-ct« continued good on the whole and m onth in sight and cables was 5% cents per pound, an d in
f,i':
>’ - • CiiicK l r ghf; in spring w heat, however, some long sterling 61j cents. On th e closing day th e re w as an
fu rth er dto liu' in condition <>-eurrw, an d the outlook for upward reaction of half a cent. The ac tu a l arriv als of gold
1
n n « • olh e et:> imjxiirc i t<, induce an active specu- were only about 4 million dollars (gross), b ut about $15,000,000
la t’c c f•-r a r i f . under wlsich the low m iddling upland more was on th e w ay at th e close. In London th e ra te for
gTi
I, re m Nee. \ .-,rk advanced from 7 1-18 cents to 8M sixty to ninety-day bank bills in the open m ark et rose from
e>‘ni:t.-t. the
however, living a t 7 J^ cents on % ,t°
per cent. Silver showed g reat weakness, and th e
tn i a ,
’ n■!’.:■ ■ • i" (<j the crop. A further advance juice declined from 31?*d. per ounce to 30%d., closing a t
Of %-j cent* a ton in the tidew ater price of anthracite coal
w a \n r . «i!i'« d . to go i n t o e f f e c t Septem ber I.
—/so i d - id #i.o)M a n j Slock Exchange M a tteri .—Prices
SEPTEMBER.—C u rren t E ven ts —Both th e political and
Cm I he “: • . i i i
the early pa rt of July drodined very the financial situation continued to improve during Septem ­
heavily But * •• fasture of th e Bryan m eeting a t the Madi- ber. The honest-money Democrats m et in N ational Conven­
J 0®
' , *'-.(,•!• rt otj lb< 12th and th e subsequent tion at Indianapolis an d nom inated Senator Palm er, of Illi­
tav.i.r.a'ji1 jo'-eriie tti the p o le c a t world, w ith the nois. for P resident, and G eneral Buckner, of K entucky, for
c
: itflu i i»f - 'id from abroml and the im- Mice President. A bout the same tim e (on Septem ber 1) th e
p
f
*•!•• fife C
worked a V.1 md r r f ui V erm ont S tate election was held and showed a n unprece­
and « miiicii !.■ <h.rtig« tt! the eour.w of the m arket, so th a t a dented plurality for th e Republican ticket. The Maine S tate
tf - v y r e * r . A i c y - n
place, and (plite a nxm- election occurred on th e 14th an d also showed an unprece­
w
actually
higher on t lt t 81st than on the dented plurality for the Republican ticket. Both elections
h’’ d ie ic » , -‘ !*>in: ■a. ;> n u e were reached between th e were fought, on national issues, m aking the resu lt signifi7th »nd the 1fti!, th«w< t i n being in most cases the lev- est ••nni. _ The gold im port m ovem ent continued, th e arrivals
u»: i t * for ‘
year S». Paul common sold a t W tj on the reaching 84 million dollars. Much of the gold was exchanged
W i « ' f i -n th* PHh, and closc-,1 a t M>4 on the ? 1st. for curren cy a t th e Treasury, and th e Treasury gold balance
K
W--.*
uiiniott from
A ugust I sold down to 1}^ increased from $100,957,561 to $124,034,672. U. S. coupon 4s of
fcwr

;

.

lit** n#xt

'

M

.

Ttif*

Ja n u a r y 2, 1897.]

THE CHRONICLE

1925 advanced from 113% on .August 31 to 117 on September
30. The money market relaxed very decidedly and the stock
market showed great strength. The wheat market was also
strong, the price here rising from 63% Sept. 1 to 71% Sep­
tember HO. General business remained very restricted, but
in N ew England many cotton mills resumed work. In the
iron trade the production o f iron was reported only 112,782
tons per week September 30, or rather October 1, against
180,532 tons July 1 and 217,303 tons in November of last year.
Returns of railroad earnings were in many cases very unsatis­
factory. The Pennsylvania Railroad for August reported 1%
m illion dollars loss in gross earnings and 1 % million dollars
loss in net and the losses in succeeding months were equally
heavy. The price o f low m iddling uplands cotton advanced
from 7% cents per pound August 31 to 8% cents Sept. 10,
but more favorable crop advices caused a reaction to 8 cents.
The crop situation showed a much smaller spring-wheat yield
than in 1895, a total wheat crop o f about 412 million bushels
against 467 million bushels last year, a cotton crop above
the small crop o f 1895, a corn crop o f unprecedented magni­
tu d e -o v e r 2,200 million bushels—and an oats crop o f about
670 million bushels, against 824 million bushels in 1895. The
drain o f gold to the United States induced the Bank o f Eng­
land to advance its discount rate tw ice—on the 10 th from 2
to 2% per cent and on the 24th from 2% to 3 per cent. No
change had been previously made since February 22, 1894.
—R a ilr o a d E ven ts a n d S to ck E xch an ge M a tte r s .—Influenced by the favorable events noted above, the stock
market manifested great strength, and a further large rise
in prices occurred after the recover? in August. On realiz­
ing sales the market about the middle of the month evinced
some hesitancy, but later the upward movement was re­
sumed. Milwaukee & St. Paul common stock sold at 65%
on the 1st and at 73% on the 28th; Rock Island at 55% on
the 1st and at 63% on the 30th; and North W est, common at
95 on the 1st and at 100 on the 9th. The rate war in the
South between the Seaboard A ir Line and the Southern
Railw ay broke out afresh after the dissolution of Judge
Simonton’s injunction on August 31, but it was again
checked by an injunction issued by Judge Emory Speer on
the 10th. The Central o f Georgia declared a dividend of
1 % per cent on the new 1 st preference incomes, and the
Georgia Southern & Florida declared a dividend on its
1st preferred stock. The Evansville & Terre Haute declared
its 1st dividend on its preferred stock. The Port Royal &
Augusta was sold at foreclosure. Default occurred on the
interest on the Terre Haute & Peoria and Indiana & Lake
Michigan bonds; also on the Union Pacific Sinking Fund 8 s.
The Norfolk & Western and Philadelphia & Reading were
sold at foreclosure ; aLso the Lynchburg & Durham and the
Houston Belt & Magnolia Park. A receiver was appointed
fo r the Duluth Transfer Railway; also for the Columbia &
Maryland and the Altoona Clearfield & Northern. The New
York Produce Excliange filed a complaint with the InterState Commerce Commission against the Joint Traffic
Association, charging discrimination against N ew York.
The Gulf & Ship Island was released rom receiver’s control.
— The M oney M a rk e t.—The shipments o f currency to the
interior continued heavy during September, and the money
market remained in a more or less strained condition a good
part o f the month, but the large gold imports and the re­
viva l of confidence caused by the improved political outlook
finally brought some relief. Bank failures at N ew Orleans
caused an extra demand for money at that point. The sur­
plus reserve of the New York City banks rose from $8,836,200 August 29 to $14,216,025 September 26. The deposit line
o f the banks ranged below the loans throughout the month.
Money on call at the Stock Exchange after having touched
12 per cent on August 31 ruled as high as 8 per cent once or
tw ice early in September, but after the 21st the rate did not
get above 5 per cent, except that on the 30th, on the October
settlements, 6 per cent was in some cases demanded. A t
banks and trust companies 6 per cent was the minimum
figure all the month. On time, loans were very difficult to
obtain, and 6 per cent, plus a commission of one or tw o per
cent, according to the length o f tim e of the loan, had to be
paid up to about the 20th o f the month, when the commis­
sion was abandoned, and the rate dropped to 6 ^07 per cent.
The foreign bankers loaned at plain 6 per cent the whole
time, but only on a gold note. Commercial paper was very
hard to negotiate and only the very choicest grades found
buyers at 9 per cent. Towards the close of the month the
rate dropped to 7 per cent, with some little buying of prime
single-named paper at 8@9 per cent.
— E oreign E cch an ge. S ilv e r , E tc —The exports of grain
and cotton were very heavy during September, and this
brought an abundant supply o f commercial bills on the ex­
change market. A t the same tim e the high money rates
here led merchants in many instances to defer remittances
and also induced the making o f some sterling loans. Gold
imports hence were large, reaching 34 million dollars and
several millions more were atloat at the close o f the month.
The Bank o f England advanced its discount rate from 2 to
2% per cent, and then to 3 per cent. A t the close a sliarp
upward reaction in exchange rates occurred, making further
gold engagements for the time being out o f the question.
The market opened on the 1st fractionally higher, with the
rates for actual business 4 82%@4 82% for sixty-day bills
and 4 84%i34 84% and 4 84%(®4 85 for sight and cables
respectively. From that time on the decline was almost
uninterrupted, and on the 22d the rate for long

15

sterling was 4S1%@4 81% and for sight and cables
4 83%@4 83% and 4 84@4 84%. From these figures an
advance of just one cent occurred by the close of the
month in long sterling and. 1 % cent in sight and cables.
Commercial bills got down on the 23d to 4 80%@4 81for
prime and 4 80@4 80% for documentary, subsequently ad­
vancing again. The Bank o f Germany advanced its rate
from 3 per cent to 4 per cant. The price o f silver declined
to 30 pence per ouuce, but recovered to 30 5-16d. In the
open market London the discount rate advanced at one
time to 2 %' per cent and at Berlin and Frankfort to 4 per
cent. Under the higher interest rates and complications in
European politics English consols declined from 112 9-16
August 31 to 109% Sept. 3'.
OCTOBER.— C u rre n t E v e n ts.—AVith the near approach o f
the election the strain in financial affairs during October
became intense. The indications unmistakably foreshad­
owed the defeat o f the silver party, but nevertheless a feel­
ing of great nervousness and anxiety developed. Hoard­
ing o f gold (and even o f currency) again occurred, there
were large withdrawals of the metal from the Treasury, and
all through the month gold ruled at a premium in the mar­
ket. A t the same time savings banks felt obliged to increase
the cash in their vaults (withdrawals by depositors being
very heavy), and interior banks also found it incumbent to
add to their holdings. In the money market great strin­
gency developed notwithstanding imports of nearly 28 m ill­
ions o f gold, and on the 29th the rate for call loans on the
Stock Exchange advanced to 100 per cent and on the 30th to
127 per cent. On the latter day a syndicate o f N ew Y ork
banks placed 10 million dollars at the disposal of the Clear­
ing House Loan Committee w ith which to relieve the strin­
gency. None of the gold imported went into the Treasury,
and the Government gold reserve fell from 124,034,672 to
$117,126,524. Advices from India told of impending famine
there, and a feature o f the month was shipments o f wheat
from California to India. There was a further sharp rise in
the price o f wheat, followed by a reaction on realizing sales
and stringent money. The prices o f other grains also ad­
vanced. The stock market was strong and higher on the
prospect o f M cK inley’s election. The Bank of England ad­
vanced its rate of discount from 3 to 4 per cent, but this did
not check the outflow o f gold to the United States. A fa­
vorable event here was the restoration of rates by Western
roads, and the establishment o f the W estern Freight Asso­
ciation, described in the C h r o n i c l e o f November 2 8 , page
947. The premium on gold amounted to only a small frac­
tion at first, but towards the close or the month one per cent
was paid in some instances for spot gold, and contracts run­
ning to the end o f the year commanded 1% per cent. A
large brokerage commission house advertised options on gold
guaranteed by a surety company.
—R a ilro a d E ven ts a n d Stock Exchange M a t'ers. —The stock
market reflected the grow ing confidence felt in the success
of the sound money cause. Except some weakness the early
part o f the month, the tone was almost uniform ly strong,
and a further decided advance in prices was established.
Stringent money led to occasional reactions. The restora­
tion of freight rates by W estern roads (the higher schedules
in most cases going into effectNovember 2d),with the organ­
ization o f the Western Freight Association, was a favoring
factor. During the last half of the month the tone o f the
market was almost buoyant. St. Paul common advanced
from 67% October 12 to 74% October 31, Burlington & Quincy
from 66% on the 10th to 77 on the 31st, Northwest common
from 96% on the 12th to 103% on the 31st, Rock Island from
57% to 67%, Louisville & Nashville from 41% to 48%, &e.
On Friday, the 30th, it was reported that bids had been made
to pay two per cent the morning after election above the
closing prices on the 31st in the event o f the success o f the
M cKinley ticket. The N ew Orleans & Southern was sold at
foreclosure. The Columbus Sandusky & Hocking made a
traffic contract with the W heeling & Lake Erie for the use
of the latter’s tracks into Toledo. A plan for the reorgani­
zation of the Louisville N ew Albany & Chicago was submit­
ted. A receiver was appointed for the Ogdensburg & Lake
Champlain. The Mexican roads revived their old pooling
agreement. The N ew Y ork Court o f Appeals rendered a de­
cision reopening the foreclosure suit o f the New Y ork &
Northern, now the N ew York & Putnam, and controlled by
the New York Central. The Chicago & West Michigan an­
nounced that the November and December coupons would
aga'n have to be paid half in scrip. The dividend on Nash­
ville Chattanooga & St. Louis stock was postponed.
— I h e M oney M a rk e t.—During October the money market
became very stringent. W hen the stringency reached an
acute stage a syndicate of Clearing House Banks intervened
in the way mentioned above. Up to the last week 12 per
cent was the highest rate for call loans at the Stock Ex­
change, with transactions occasionally as low as 2@3 per
cent. Several times when the rate got above 6 per cent
Messrs. J. P. Morgan & Co. offered round amounts at that
figure. In the last week 100 per cent (6 per cent plus a com­
mission o f % of 1 per cent) was paid on the 29th and 127
per cent (6 per cent plus 1 per cent commission for three
days, or until Monday,) on the 30th, but the action o f the
syndicate of banks caused a drop subsequently to 6 per cent.
The ordinary rate at banks and trust companies that week
was 12 per cent. For time loans some transactions were
reported the last week at 12 per cent for 60 to 90 days on

Itt

THE CHROMULE.

[Voi„ LN1V.

alutc-d buoyant November 2, th e day before election, so
positive were th e indications of the success of th e McKinley
Uv rim-aged* am! tick et, and it was announced th a t one or tw o houses would
’t ssl#s of iMipsr* opm election night to enable any who wished to operate in
& 7%£■($$%&per c e n t : the London m arket on the news of th e election. On Now m b er s ih e m arket continued to show great ac tiv ity and
large transaction*(European buying being a strik in g feature)
a ml prices advanced 2...- 8 p<.into. For a num ber of days fu rth e r
advances occurred. L ater th e advancing tendency was
| ,-,i bv realizing sales, while the large losses in-earnings
reported bv th e spring-w heat roads (which th e previous year
& sharjiiy had a phenom enal crop of w heat along th e ir lines) also in ­
duce. i Veiling and prices sharply declined—in some cases to
the lowe-t figures of the m onth. Suggestions of complica.in inter- t ion- w ith Spain on account of Cuba helped to produce an
unsettle ! feeling. St. P aul common sold a t 80 Nov. 4 and
t * a,m9
usd cables at 4 8i at 73-y Nov. 80:‘North West, common a t 103JA Nov. 2,106)4'
4 71^-4 d i Ti*;4 for Nov. 11. and closed on th e 80th at 1 0 4 Rook Island a t 67
.
A lter th a t th e Nov. 2, at 7 4 on t in* 10th. closing a t (iaVj; an d B urlington
Ktf
. The fitippiv of conimer- A Q uiuev a t 76 on th e 2nd, 83%, on the 10th, closing a t f j % ,
d bv m m in of the scarcity The railroad bond sales on th e exchange aggregated $46,825,III® g*®I cfcrati tA*mine.fii* An<! at th e same 550, the largest o f an y m outh of the year. The share sales were
mm a
f m h m g sterling by also the largest of any m onth of 1898, b u t reached only
tim * it**-t them - elves against a 5,839,80S shares. The effort of the Ryan p arty to gain conftmm* Wt m mrUte*
$fck*n; to addition the Bank tv. 4 of the. Seaboard A ir Line m iscarried. The M arietta &
It At
cl ‘m dm*ount rate from 8 North Georgia, previously sold a t foreclosure, was on Nov. 1
p imai 4 m
In money which reorganized as the A tla n ta K noxville & N orthern. W ith o u t
tm 4 f i r ©
Mm* vA rt of the n ■mih w&M without influence notice to the company th e K ansas lines of th e new A tchison
"St**’** th - I
Ilk© €W%Tf u m ©Is©, w.-re placed in receivers’ hands, th e claim being th a t th ere
m
l n vie w a t th e near approach was a S tate law w hich prohibited th e holding of real estate
p p m t tog*rills
Um l-r th e riw rates for ictual hustneos on by a corporation more th a n 20 per ce n t of whose stock is
Ft* 4
4 N2 f m hmu , 4 MUg(4 M % for short and held by aliens, and th a t th e Atchison cam e w ith in th a t
im pdits of gold prohibition. The Chester & Lenoir narro w gauge was sold
4
d &Iti for ca Id- transfc n .
m
t fee inovi■merit lieiltg aided :« foreclosure ; also th e following ro ad s: D etroit L ansing
rwidwd ab <mi is mil U m
h t th* fm-mini n w gold. Disc*r*M;nta to the ojien market ,- Northern, Chicago & N orthern Pacific, Forest C ity &
lim don ad IfUtlC*?«1 to $14 par cent , and the rate a t Berlin a t Sioux City, th e Roanoke Southern an d th e Scioto V alley
If bh®w m ¥ % |VT m n i (the Bin k of O*. rm anv having ad- division of the Norfolk & W estern. The F o rt W o rth & D en­
, an d at Fran kfort 4L per cent; ver Citv passed out of th e hands of receivers. The Louis*tjte««i it* xmt* to 8 }AST
*!
Sh * rmiv did not get a Ik*re t per e eut. The Bank of villi- New Albany & Chicago reorganization p lan w as m odi­
toil Oct© ier 2f t h lost over fied. The Terre' H aute & Indianapolis w as placed in th e
ftoiiimnd l mtMt•on Ayftmt
£!•. ••
dd. T hf price of English consols dropped from hands of receiv ers; also th e Middle Tennessee & A labam a,
lu* , l >W f , but recovered to 108 7-19. Silver ruled lower, which was successor to th e D ecatur Chesapeake & New Or­
leans. The Ohio coal roads made an agreem ent for th e res­
b at did not decline very much.
toration of rates. The Pacific Mail Steam ship Com pany de­
NOVEMBER .—C u n rtn t Event *.—As expected, th e election clared a dividend of one per cent. The U nited S tates Su­
on S.*T<-mt>. r 8 worked n com plete revolution in affairs. The preme Court rendered a decision sustaining th e con­
victory for ■ und money was very decisive, Mr. McKinley stitu tio n ality of th e W rig h t Irrig atio n D istrict Law
r • svou; .%i’ electoral votes against 175 for Bryan : hispop- of California. The C entral Pacific arran g ed to ex ten d for
The change which one year its first m ortgage bonds m a tu rin g Ja n u a ry 1,
Utor p.lu a tilv was about 600,000.
N o v im l-r 4 has Seldom if ever been equaled in 1897.
D£K$IU
— The Money M a rket .—In th e m oney m ark et th e stringency
the o u n try ‘s history. On November 2d th e desire to hoard
. • jc.• i to be more intense than before and there was a noted in October continued on Monday, November 2d, w hen
persons at the Sub-Treasury
long me ot |
Sm Bdraw ing out gold ; some call loans on th e Stock E xchange were m ade a t 96 per
tie i. n-t! l .,n bullion brokers and foreign exchange deal­ ce n t per annum . The day a fte r th e election th ere w ere
er* was . ic.allv urgent, a- high as one per cent premium renew als a t 10 per cent, h u t th e close w as a t 4 per cent.
f; i : November -1 th e premium bad vanished and T hereafter the tendency was tow ards pronounced ease, and
o’d iec;i!!ii a drug ; it was deposited in large am ounts in in the last week th e range for call loans was 1<§8 per cent,
ank> and tendered at the various sub-treasuries, though and even a t banks and tru s t com panies only 8 per c§nt was
ai th*. S yb-Ir, asurv hem the offers were not accepted until dem anded. W e have, referred above to th e g reat increase
the I 6tl<, work at th e office being in arrears. The Treasury afte r the election in deposits and loans (both item s having
gold T '-w ..- increased from §117.186,624 October 31 to reached the lowest point of th e year in th e statem en t of
#181,510,8.52 N„v,*in!».'r mi, m aking it th e largest since 1891. November 7) and also in th e m oney holdings an d in surplus.
Tic latter part of tin- m onth gold was once more being U nder th is change th e banks again loaned on tim e and
rvc.-iv. I in Httin*- am ounts for customs duties.
In bought com mercial paper w ith g reat freedom , an d a t th e
the foreign exchange m arket the dem and for bills, to close th e quotations for tim e loans w ere down to 3 per cen t
jglSt #
t ©Migaiton- was m g rea t th a t rates advanced for 30 to 00 days, 3}.£@4 per cen t for 90 days to 4 m onths and
ttt.mil
cent a pound sterling on November 8. Novem- 4 per cent for 5 to 6 months. A featu re w as th e len d in g .o f
b-r ii the m ttrte l a
tim e money on investm ent purchases of sterling exchange.
a[f§ 3 c t o l l . In ill© tr to-) market *.*f! per cent was paid for For com mercial paper the rates dropped to 4(84% per cent
call t.
M- thu Sloe k Exchange on November 2d ; before for sixty to n in ety day endorsed bills receivable an d 4j^@5
th,- cl
K cm iabi r 4 the rate was 4 per cent. The stock per cent for four m onths commission house and first-class
mark et 1m4. 1it©n sir©
tw n g November 2d in anticipation of the four to six m onths single nam es. W ith th e re tu rn of norm al
rvsuh i u t ibe^©S©c4ton« but November 4 prices fu rth er jumped conditions th e deposit line of th e Clearing-House banks again
up 3>:
po*ntm* In «>ur industries, mills, mines, furnaces, greatly exceeded th e loans.
and farlo rif* mil ©T«rr the country started up ; by November
— fo r e ig n E xchange. Silver, E tc .—In th e foreign exchange
SM fillJv 700 estabtiAhim eats had resumed work or enlarged m arket, as elsewhere, th e im m ediate effect, produced by th e
th eir f m m t, and ihn num ber kept steadily increasing, election was very striking. On November 2d, th e day be­
Hoar.l#4 me>mf w ii rt'tu m e d to the banks in large amounts. fore election, th e buying of sterlin g bills by those who con­
Both t}«r* <fl»!pmdtzi andI the loans of the New York Clearing sidered th is a convenient w ay of securing a n obligation re ­
* Umulwdi the lowest point of the year on No- payable in gold was very active, an d for actu al business
Bow--H
#r 7 * f
t date to November 28th deposits in- th e re was an advance of a full cent for sixty-day bills and
d fMjk ifliliicm do - , r
N o,,: S i - I:;T.n Ml
A , : ; n n ,
sight sterling an d of about three-q u arters of a ce n t for cable
fmm *§5 (3,178.7(10 to §168,818,200, money hold- transfers. The day a fte r th e election th e re w as an extrem e
km m
tops i
134,410 f |i*< to 815-4,07(1,800, and .surplus reserve break of tw o to th ree cents a pound, some sales of long
from
31,411,926. The price of U. S. Govern- sterling being reported a t 4 80, against 4 82|f«M 88 on the.
B s
vanoed from HtBj to 120. Municipal 2d: of short sterling a t 4 88Vj, ag ain st 4 8 5 ^ # $ 8 6 , an d of
bon
dv could not b« ditijHKed of. were sold in cables at. 4 84(J. against 4 86(84 86$f ; a recovery of ab o u t
U r,
tte- election. New York City selling 16 three-quarters of a cen t to a cen t occurred before th e close
nt-. The large foreign trade balance of th e day.
The m ark et th e rest of th e m onth
“ uilln- ij.-e. the excess of tbem erehan- was variable, w ith th e tendency strongly upw ards. As
unth (October) reaching 63 a result of _ th e election th e r e ’ was a t first q uite ex­
tin * country’ft history) and for tensive buying of our securities by foreign investors,
t Hr price of w heat also further but this soon ceased. Com mercial bills w ere in plentiful
for the December option, supply: the drop, however, in money rates here an d the con­
i,are i* re opened November 5, after tinued high rates in London caused a steady h ard en in g in
At Utot I
At the Lor 1 Mayor's exchange. Investm ent buying of s te rlin g ,’by those who
Mini >•'» 9 Lord Salisbury nn- could in this way obtain a b etter retu rn for th e ir money on
Luteini
the Vi -r.u. b
ontrijversy w ith the United account of the difference in money rates, w as one of the
B U J,.
i t i»
ardf'd at on ntl.
notew orthy featu res; and th is fu rth e r stren g th en ed the
--ft.esirr.-pi «!-.»<• <t.ml crock Exchange Matter*. —T hestock m arket . An in cid en t early in th e m onth w as th e sale b y
mark, t which had tx-ca strong through October became the Bank of E ngland of a block of $4,000,000of U .S . Govern
ft t i’S were

s&a

f

January 2, 1897.J

THE CHRONICLE.

ment 4s, which showed the Bank a profit.
On Novem ber 30
exchange rates on actual business for long sterling were 4 83%
@4 83%. for sight 4 86%@4 87 and for cable transfers 4 S7%
(34 87%. The premium on gold disappeared after the elec­
tion as’ stated above. There were some gold imports, but on
old orders. In Europe the open market rate o f discount in
London advanced to 3% per cent in the third week, and the
rate at Berlin and Frankfort to 4% per cent, but subse­
quently there was a decline to 3% and 4% per cent respec­
tiv e ly .” The price o f silver tended downward, closing on
November 30 at 29%d. English consols advanced to 112.
DECEMBER.— C u rren t E ven ts.—Congress proved a dis­
turbing influence in December. The Cuban question occu­
pied much attention, and the k illin g o f General Maceo, one
o f the insurgent leaders, gave additional prominence to it.
President Cleveland in his message maintained his previous
conservative position but in the Senate very radical prop­
ositions were offered, one going so far as to direct the Gov­
ernment to take possession o f Cuba by m ilitary force.
A ction finally crystallized around a resolution offered by
Senator Cameron recognizing the independence of the
“ Republic o f Cuba.” Quite unexpectedly the Senate Com­
mittee on Foreign Relations reported this resolution favorably
on Friday, December 18. A b ig break in prices on the Stock
Exchange occurred immediately and the whole country was
startled by the serious nature of the step proposed, involv­
ing the possibility of war with Spain. The next day Secre­
tary o f State Olney, in an interview, annoimced that the
resolution if passed could only be regarded as an expression
o f opinion on the part of the Members o f Congress and that
that body could not bind the President in the matter of
recognizing a foreign State, this being an Executive func­
tion alone. It quickly became apparent that public opinion
did not sustain the Senate and when the resolution came
up in that body on Monday, the 21st, action on it was de­
ferred until after the holiday recess. Another depressing
circumstance was the failure at Chicago of the National
Bank o f Illinois with liabilities of $11,000,000, followed by
the collapse o f a number o f concerns which had depended
on the bank for assistance. There were also bank failures
at St. Paul, Minnea]>olis, West Superior and other points in
the Northwest, and likewise a failure o f a large financial
institution in the Southwest, besides bank failures in vari­
ous other sections. There was desultory talk in the Senate
with reference to the Dinglev Tariff Bill, which remained
undisposed of from the last session, but it was agreed that
there was no likelihood of securing action thereon. The
plan mapped out by the Republican leaders in Congress, it
was understood, was to have an extra session o f Congress im­
mediately after the 4th o f March, and in the meantime to
prepare a new tariff bill for submission at that time. On
Monday, the 28th, the Committee on W ays and Means
o f the House began tariff hearings with the view to
framing a new bill.
A t a conference o f commercial
organizations of the Central W estern cities on December 1
it was decided to call a formal convention early in
January to consider the future o f the currency. There
was a further accumulation o f money at this centre,
and the New York Clearing House banks from having
reported on November 7 the smallest total o f deposits
and loans of the year, on December 26th reported the high­
est o f the year. The Treasury gold reserve kept gaining,
and stood at $136,746,473 December 30th. Secretary Carlisle
was requested by the Boston banks to resume the issue of
gold certificates, but replied, saying he deemed it inadvis­
able to do so. Foreign exchange rates the middle of the
month advanced, and there were reports o f a renewed out­
flow o f gold; but subsequently the market weakened again
and no shipments occurred. In the iron and steel trades a
feature was the breaking up o f a number o f combinations in
different branches for "the maintenance o f prices; iron pro­
duction further increased and the capacity of the furnaces
in blast December 1 was reported 142,278 tons per week,
against 112,782 tons October 1. I t was rumored that the
price o f steel rails at the Eastern mills for 1897 would be
$25 00 per ton, against the present price o f $28 00. The price
o f wheat after an early decline moved upward again, but in
cotton there was a sharp break, the price of low middling
upland December 31 being 6 13-16 cents, igainst 7 5-16 cents
November 30. Besides the large sales o f municipal bonds,
quite a number of new railroad loans were also negotiated
during the month.
— R a ilro a d E ven ts a n d S tock E xchange M a tte r s .—The gtock
market declined most of the time in December. It was weak
even before the action of the Senate Committee in agreeing
to report favorably the Cameron resolution, but that event
caused a further break of several points, the market becom­
ing almost panicky. There was subsequently a recovery
from the lowest figures reached in this decline, and the last
few days the market showed a firmer tone, aided
by the decline in foreign exchange. St. Paul common sold
at 75?g on the 2d and at 70 on the 18th, Burlington & Quincy
at 79 % on the 4th and at 68% on the 18th and Rock Island at
70% on the 4th and at 64 on the 18th. In the State District
Court at Oskaloosa, Kansas, Judge Myers rescinded his ac­
tion apppointing receivers for the Atchison; he decided that
the Alien Land Law did not apply to railroads. The Colum­
bus & Hocking Coal & Iron Company was again placed
in the hands of a receiver. The suit of tne Toledo St. Louis
& Kansas City against the Joint Traffic Association lines

17

to compel them to interchange traffic as form erly (relations
j with the road having been severed because o f its practices re­
garding rates) was settled outside the courts. Commercial
Cable and Postal Telegraph companies were virtually con­
solidated. Reductions in the-rentals of several o f the Read­
ing's smaller leased lines were effected. The Attorney-Gen­
eral of Pennsylvania instituted an inquiry into the charter
|o f the new Reading Company. The Southern Railway de|dared its first dividend on the preferred stock.
The
1Columbus Southern was sold at foreclosure and bought
i in the interest of the Georgia & Alabama. The Mobile
I & Ohio authorized the issue o f $4,000,000 bonds to
build an extension to Montgomery.
A plan was issued
for the reorganization o f the Union Pacific collateral trust
note 6s, but opposed by Messrs. J. P. Morgan & Co., the
trustees, and by the Committee under the indenture. The
U. S. Government sold $2,780,000 of Union Pacific, Central
i Pacific and Kansas Pacific 1st mortgage bonds held in
the sinking funds of the Pacific Railways, the proceeds to
j be used to meet maturing U. S. currency 6s. The Chicago
& Eastern Illinois took possession o f the Chicago Paducah
& Memphis.
A suit to restrain the Manhattan Elevated
from paying dividends failed.
The Court o f Appeals
denied a motion for a re-argument in the matter o f its
decision re-opening the N ew Y ork & Northern foreclosure
suit. The St. Joseph & Grand Island was sold at foreclosure;
also the Kansas C ity & South W estern branch of the St.
Louis & Satti Francisco; also the Seaboard Railw ay o f A la ­
bama.
A decision was rendered sustaining the validity ‘g
the reorganization o f the Indiana Decatur & Western.
— The M oney M a rk e t.—The money market developed grow ­
ing ease during December, and lenders sought borrowers.
There was a further decided increase in the money holdings
o f the N ew Y ork Clearing House banks and a still more
striking increase in their deposits and loans. W e noted in
November a rise in the deposits from $438,437,600 to $490,634,300 ; in December they rose to $525,837,200 on the 26th.
The loans after having increased from $442,179,700 to" $463,818,200 in November, increased in December to $487,673,300.
In both cases the amounts November 7 were the lowest of
the year; those December 26th the highest. The money
holdings from $124,419,800 November 7 and $154,070,200
November 28 advanced to $165,76 ',200 December 26. The
surplus reserve stood at $34,309,900 December 26, against
$31,411,625 November 28 and $14,810,400 November 7.
In the week ending the 12th rates were about as low as—
in some cases lower than—at any time during the year.
Call loans at the Stock Exchange were then 1%@2 per cent,
the minimum at banks was 1% per cent, while time con­
tracts on good mixed collateral were freely offered at 2 per
cent for th irty days. 2% for sixty days, 3 per cent for ninety
days to four months and 3% per cent for five to seven
months; paper was quoted at 3% per cent for sixty to ninetyday endorsed bills and 3%@4 per cent fo r first-class and
4%@5% for good four to six months single names. Loans
upon sterling bills, running from 75 to 100 days, were re­
ported at 3% per cent. The next week the market was a
little firmer for paper, and the week ending the 26th, on a
demand for money from the W est in connection w ith the
bank failures at Chicago and other Western points, rates
for time loans also stiffened. The advance, however, was
only about one-half o f one per cent. On call at the Stock
Exchange the rate remained 1%@2 per cent and the mini­
mum at banks was 2 per cent. 1here was no quotation for
time loans at thirty days, but for sixty to ninety days the
rate was 3 per cent, for four months 3% per cent and for five
to seven months 4 per cent. Paper was quoted at 3%(34 per
cent for sixty to ninety-day endorsed bills and 3%@4% for
first-class and 4%@5% for good single names running from
four to six months.
Foreign E xchange, S ilv e r, A c .—Foreign exchange showed
considerable irregularity during December. Up to the 8th
the tendency was in the main downward, and rates for actual
business were then 4 83% (34 83% for sixty days, 4 86%@
4 86% for sight and 4 86%(34 87 for cables; after that the
market advanced pretty steadily, and on the 18th the rates
for actual business were 4 84(34 84% for sixty days, 4 87%@
4 87% for sight and 4 8834 88% for cables. It was then
expected that gold would be sent to Germany the follow ing
week. The country’s foreign trade continued to show a
very large balance in our favor, and the high rates were due
m ain'y to dearer money abroad and the decline in interest
rates here w ith the train of influences that this set in
motion; there was also a renewal o f the investment demand
for sterling, and there were likewise extensive remittances
by bankers and corporations for interest due in January on
American securities held in Europe.
A fte r the 18th ex­
change again weakened, and the expected gold exports did
not occur. On the 31st rates for actual business were 4 83%
@4 84 for long, 4 86%@4 86% for short and 4 87@4 87% for
cable transfers.
The open market discount rate in London
declined to 3 per cent early in December, but later advanced
again to 3% per cent, while the rate at Berlin and Frankfort
rose to 4% per cent. The open market rates December 31
were: at London 3% Per cent, at Paris 2 ; at Berlin 4% and
at Frankfort 4%. Silver fluctuated very little during the
month, the price in London December 31 being 29 13-16d.
English consols again declined, but closed at 111%. In India
money was stringent, and as a measure o f relief the India
Council released two crores of rupees (20,000,000 rupees)
from the Presidency treasuries.

[VOL. LA IV.

c h r o n ic l e .

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112k 120k! 114 ?
llO k 119 i 113k

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112

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120k) 1U

■,*TATI'*N'S O F S T E R L IN G E X 0 H 1 N G E F O R E V E R Y D A Y O F T U B

Y E A R 1896.

iOoujj»lle4 from the posted r. tes of lead in g b ankers.]
Agfll.

May.

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8.

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8M-S0 msb so-Ok

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80 d. Sight. 80 <L S ig h t.
4 8S-8k 8 9 k 4 86 4 89

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86-8H ri8-9« 4 8 8 k 4 S<‘k
83-8 k 89 9 k
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S S ljH k 87-S 4 81-4 87-85
4 B4.-.4 87-85

4 90 4 88k 4 89k 4 8P 490 4 89 4 90 4S4
1 69k 4 86 4 8V 4 97k 4 8Sk 4 8 # 4 84k 4 82

4
4

■4« 8K0 k. .4484K « |g |, * g

RAILROAD AND M ISCELLANEOU S STOCKS FOR T H E Y E A R 1896.
iCnuipilcrt from sales o t stock* a t th e N ew Y o rk S tock E x ch an g e.]

11*» 6.
j a v ra iir

F t »tS’.iftlF. StASCB. : A r a i h .

t « « * *«A«
n

- n

Iff. -IA&

|

J tT tT .

AtTOUST. S e p t ’iie r

OCTOBER. NOV’ilEIt. D e c ' b k r .

Low. H ig h 1.on-. H ig h L o w . H ig h Low . H ig h Low , H ig h Low . H ig h

m u -m u
170 -170
8 - 9
8 - 0
»W TM «M - e x . . . . - . . . .
it '- t 26M e x - « « 2*> - s m 1 7 k - 20
2O k - 21

8 X - fix l o k i o k . . . . - . . . .
20 - 20
*23 - 24
2 2 -2 6

H it- 10
ia - im J . W X - 11*4 s « - 1 XM 10-M- ISM 12 - l iM ISM - 18
s a x - 1m
2 1 k - 24*11 m - a =K i s - m u MM- n>4 l e x - 20J* 1SJ-S- S*J4 n m - 37x. SOSK 23%
WX
HH
«•
Ml
Xu
HH
X- 1
l« H - ISM W \ - It*'; U X r U X 12.W- 1S« 10X - H M m u - i m
MX MX
im ~ is
, . -

- ....
15 - 15
79 - 70
[ * w ’l

# « w * 4 a * k » ailn » ra.
6 # - &l%
r a t i « A 611 n t.
C «- * a * a i A# w J # r a r f
C a»€l
►
A D ill # ..
m i ■ w it
tau>r«
r* -r
caw^-- I N r i . A M I bncp*- t l k - 7|% .*«*. m *.
A P,-*a-t#r« |f .l, ...... 4i-k 4S
&
ihhp
IW
C A le » f * b r # « l W > * (—
QfcJg,. H S IA A ft«# r « a ?
r ik * 7 #
G M t* A H arf.l*w r«.t

3

175 -175 180 -182
id « i l k io- - 10
# * I®
S # - 291* 25 - K-5* 2 5 k - ^
»
14*ih l«7i 1 5 k - 10T4
SWK !»
(r
k
k
N
U - 20
« N 41
id H - 19

i U S I.

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AJ%* * f A.. * • « « • « * . . ..
4*8
i^ r
14 - 2 7 k
a # a f #i*. A #*. »?*,
A tff;
a ll I m . M
tfif
1 # - f*
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k
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MAY.

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I

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m
-m
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61 - 5 2 b 55
.... 80 - 0 2 k m
48k- s i k m

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10 0

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55 - 55

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m x
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17
....
...
57

-

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17 . . . . .... . . . . .... .... 58
57X « m tax-

lo i k - io e k i o # t o 7 k j i < i k - i 0 $
S7K-X«ft., a r x - or*
15 - SO
3&k* i m
14 k r IS
i m - « m « ! * 1*‘. w .'s MM
#- 17
W - 18k m % 1 7 k m i - w u ; ISM - M X 11 - 13k, ISM- 15M
157 *357 jl&8 U 5 9 k lUQMHUtt HO -150 150k-157
IM A H
77 * a # 72k - m i I
BOX- 71
7:1.4 »3 - 60
■* i s
40!4- i l k 41 - 41
41 - 41 1 * 0K - i l
»7H- 3OX . . . . “ . . . .
99
py
ir - lO #
09 - 99
m - m 1 eo - bom Ml - 00
0 0 -9 0
mt
] .... - ....
- m .... - ....
#* 7 # t * | f “ 7 9 4 70 - 7 # r m - to % & m ~ 76
W H - OBM BOX- 73X
iS 5 k * l£ 9 k 137 -1 5 5 # l2Ok-120 m h - i 2 7 H 117M-1KIX 125 - 1 2 #
« # * m e K >«( 4*104.4 i o # 4 P 6 k 10* -100k! 100 - 1 0 # 92M-1MX 8 5 k - 96
05 -100
1 4 « ||d * # 1*5|4-1*7 )*« -U tM M <*K -l<0 149 -160 144 -149
145 -1*6

am-

5

-100
....
....
. .
B7fc
ir u

tm 55 .... 67 47X -

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60
__
6S«
61

m 20k68 70X 54 45k-

#
21
68
70X
56k
50

98 - 1 0 #
1 3 ft- ISM
133s- 103s
154 -160

101 -110
A - io a t
i« X - it% 15 - 15
M X - M X 15 - 17X
1 0 1 k -164 161 -104

<m- 77
. . . . - .. .
9 2 -9 6
* - m
B7X- 74X
123 -125
90X-103X
145 -145

- m u 8SX- 7BX
.
40 - 41 __ 93 -100 . . . . - . . . .
6k- 6
m - m
70 - 7 5 ^
m i - so
126 -130 130 -131
to

loox-ioex
160 -150

152 -152

THE CHRONICLE.

Jancaby 3, 18S-7.J

19

1896—C ontinu ed.
STOCKS.

January

F E B R ’R Y .

M ARCH.

A p r il .

Ma y .

JU N E .

J u ly.

AU GU ST. S e p t ’b e r .

D ec ’ b e r .

!L ott . H ig h L o w .H ig h L o w . H ig h L o w . H ig h L o w H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h i]
82 - 69}* 69 - 74%
C h i c . R . I . Sc P a c i f i c .
36% - 42%
C h i c . S t . P a u l H I. Sc O . - .j 31% - 37
117 -121 120% -124%
3 5 % - 39%
C l e v . C i n . C h i c . Sc 8 t . L . 31 - 37
89 - 90%
P r e f ........................................... 90 - 90
4
6 - 52%
C l e v . L o r . Sc W h . , p r e f . 4134- 53
. . . . - « ...
C l e v e . S c P i t t a . , g u a r — 155 -157
15 - 18% i e « - i s k
C o l . H o c k . V a l . Sc T o l .
P r e f .........................................
D e l a w a r e ifc H u d s o n . . . 119% -129% 120% -129%
165}*-I04?k 10094-103%
125*- 12}* 13 - 14
P r e f ............................................. 40 - 45% 45 - 51
8 - 8
J ) e s M o . Sc F t . D o d g e . . .
6k- 7

68?*- 73?*
38 - 41%
123 -1 2 4
35 - 37%
37?*- 89?*
50 - 53
100 -1613s
1 5k- 17k
1 2 5 k -1 2 8 k
10O%-162%
1 2 k - 135*
45% - 60
7k-

7k

P ro f..........................
D u l u t h S . S . Sc A t l a n t i c
4% - 6
P r e f ............................................. I l k - 12%
E r i e ............................................
.... - ....
1 s t p r e f . .................................. ___ - ___
‘i d p r e f . .................................
E v a n s v i l l e S c T . H a u t e . 25 - 31%
P r e f ............................................. 40 - 40
F l i n t & P e r e M a r q .......... 14 - 14
P r e f . ........................................... 4 0 - 40
113 -113
I l l i n o i s C e n t r a l ................... 8 9 % - 98
L e a s e d l i n e , 4 p . c ......... 8 5 - 85
2 5 -2 5
n d . I l l i n o i s Sc I o w a —
I o w a C e n t r a l ......................
7 k - 8u
P r e f ............................................. 25 - 3134
R a n a w l i a d k M ic h ig a n
8 - 8
2 - 2
K e o k . Sc D e s M o i n e « —
P r e f .........................................
L a k e E rie
W e s t e r n . . . 18 - 22
P r e f ............................................. 64% - 74
L a k e S h o r e .............................. lSlM -14854
L o n g I n l a n d ............................. 8 2 - 8 4
L o u i s v i l l e S c N a s h v i l l e . 39?*- 47?<
L o u ls v .X e w A lb .d k C h lc .
7 % - 9%
1 6 k - 20}*
M a h o n in g C o a l R R .
96% -107
9 - 0
1 -1 %
M i c h i g a n C e n t r a l ............
94%~ 96
17 - 20
M i n n e n p . Sc S t . L o u i s .
1 s t p r e f ...................................
‘2 d p r e f ....................................
40 - 46
10>4- 12}*
.M o. K a n s a s Sc T e x a s . .
P r e f . . .....................................
22 - 20%
M i s s o u r i P a c i f i c ................
22 % - 2CM
M o b i l e Sc O h i o ....................
21 - 25
M o r r i s S c E s s e x .................. 10234-164
N a s h . C h a t . Sc S t . L ....
N e w E n g l a n d ......................
iS H - 6 1 k
N . Y . C e n t . Sc H u d . R I v . 93% - 98
N . Y . C h i c . Sc S t . L o u i s
11 - 16
1 s t p r e f .................................... 715*- 80
• id p r e f .....................................
20 - 2934
N e w Y o r k Sc H a r l e m . . . ___ - . . . .
N . Y . L a c k . Sc W e s t ......... 115% -120
51336- 10%
123 - 25
N . Y . N . H a v e n Sc H a r t : 175 -184
N , Y . O n t a r i o Sc W e s t.
125*- 16}*
N . Y . S u s q . S c W e s t ........
8 k - 11?*
P r e f ...........................................
2134- 31
N o r f o l k Sc S o u t h e r n ...
P r e f .......................................
N o r t h e r n P a c i f i c ................
P r e f ...........................................
N o .P a c .R y .V o t. t r . re c .
P r e f . v o tin g t r u s t re c
O re g o n R y .
Nat. Co
O .R R .& N . v o t. t r . re c .
P r e f. v o tin g t r u s t re c .
O r e g . S h . L .S c U t a h N o .
P e n n s y l v a n i a R R ___. . .
P e o r i a D e c . Sc E v a n s v .
P e o r i a Sc E a s t e r n ............
P h l l a . <fc R e a d i n g ............
P i t t s . C I n n . C h . Sc S t . L
P r e f ...........................................
P i tt s . F t . W .d c C ., g u a r .
P ltt.tf c W .—P r f . t r . r e c t *
R e n s . S c S a r a t o g a ............
R io G r a n d e W e s te r n ....
P r e f ...........................................
R o m e W a t . <fc O g d e n s b .
S t . J o s . Sc G r . I s l a n d . .
S t . L o u i s A l t o n Sc T . I I .
S t . L . Sc S . F . V . t r . c t f s
1 s t p r e f . ................................
i d p r e f ..................................
S t . L o u i s S o u t b w e s l ’n.
P r e f e r r e d ..............................
S t . P a u l Sc D u l u t h ............
P r e f . .........................................
S t . P a u l M i n n . Sc M a n . .
S o u t h e r n ( v o t. t r . c tf s .)
P re f.
“
*•
S o u th e r n P a c if ic C o
T e x a s S c P a c i f i c .........

... 13?*___ ___ -

....
14k
....
___

0 - 0
13% - 13%
14 - 15%
37 - 41%
22% - 25
30 - 31
5 0 - 50
.... - ....

70 - 73% 6934- 72%
38 - 45% 42% - 4434
12134-124 124 -124%
3 4 % - 36% 33 - 36
85 - 87
84 - 8534
5 0 % - 54
51?*- 54?*
161% -161% 162 -102
15?*- 1 8 k 16 - 16
6 3 - 55
126 -128% 1255*-1 2 7 k
15934-101% 100 -161%
1254- 135* 13 - 13
47 - 49% 4 7 - 49%
7 - 7k
7 - 8k
4k-

5k

1 4 k - 155*
38 - 41
21% - 24
31% - 34%
31 - 34
6 0 -5 0
45 - 45
13 - 10
14 - 14%
40 - 43
4 0 - 41%
37 - 42
110 -111% 108% -109 110 -111%
9 5 % - 98
94 - 90% 95?*- 97?*
_
92 - 92

_

9 - 10%
33% - 37
_

8 - 9k
3 4k- 37k

3k- 3k
17?*- 18
15 - 15%
2 0 k - 22?* 1 7 k - 2 0 k
73 - 75
69k- 74k
14394-150 146 -148
81?*- 84
S I - SI
4 5 % - 55% 48% - 54%
9 % - 10
8k- 9k
21 - 2 1 k 18 - 22%
_
103 -113% 103 -106%.
10% - 12
10k- 10k
1 % - 2%
90 - 9 7% 93 - 94
19% - 21% 19 - 20%
77% - 83
7834- SO
47 - S3
4951- 5 2 k
12 - 18}* 11 - 13
20 - 31% 245*- 2951
20}*- 25?* 2 2 k - 2 5 k
22?*- 24}* 22 - 23%
103% -106% 1 0 2 5 * -I6 4 k
4 5 « - 45}*
07?*- 901*
13k- 14k
75 - 75
28% - 30
285 -300

5 - 5

io m - io %

9 -9 5 *
3 7 -3 8
0% - 7
2 - 2
... - ....
17 % - 21
09% - 78%
U O k -1 5 0 5 *
8 0 -8 2
48% - 53%
8k- 9k
1 0 k - 21}*

1? 35 % 20k303445 -

145*
39
21k
30%
45

1 3 k - 165* 13 - 15
27 - 34%
33 - 38
19 - 21% 17 - 20%
29% - 30
28% - 29
_
4 8 -4 8

0 7 - 7 4 % 64 - 70J4
42 - 4634 4 4 % - 49%
123% -126 129 -1 3 3
23 X - 28% 2834- 33% 25 - 3034
73 - 73
82 - 85% 74 - 84
4 9 - 49

1 2 % - 15
13 - 16
16% - 20% 16J4- 19%
1534- 17
5 2 % - 59% 53 - 55
58 - 58
54 - 60
48 - 52%
114% 119% 11834-124% L20 -125 124 -128% llo % -1 2 8 %
138 -151% 150 -158
L53 -1 5 6 157 -160% 155 -160%
10 - 10
i i? * - u k 1134- H34 12% - 14
1234- 12%
37 - 40% 4094- 43% 41 - m i 4334- 17
42 - 44
5 - 6
5k- 6
8 - 9%
_
_

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

4 10% 1 0 k - 12?* 12 28 - 28% 2 7 % 13 - 16
17k27 2 4 -2 7
3 0 - 30
_

_

43134- 434
1234
143'j 13% - 15
31% 31 - 3434
185* 18 - 19%
27
2834- 31

11%- 11%
118 -118% 109 -113
9 2% - 90
90 - 93
8 8 -8 8
92k- 92k

8?*- 8 k
32 % - 35%
6?*- 8

75 * -

32

m

- 35%

1 7 k - 195*
69 - 72
147% 154%
74 - 78%
47 - 53
7 k - 95*
19 - 215*

105%-1L234 100% -109%
11 - 11
9 k - 10k
H%
93 - 97% 04 % - 97%
1034- 20% 18 - 19%
79 - 8034 78 - 79%
50 - 53% 4 7 k - 5 0 k
115*- 1 2 k I l k - 12
20%'- 29
24 k - 275*
28%- 29% 24 - 28%
2 2 k - 2 2 k 18,%- 22
160 -164% 104 -166

100% -105%
95*- 9 k
% " 1%
95 - 07
10 - 19
78% - 79%
46 - 43
10% - 12*4
2 1 k - 2654
1956- 25
20 - 21%
162 -104%

6 -7 3 4
21 - 31
_
3 - 3
12 - 12
13k- 18k
60 - 705*
137 -148%
6 3 - 76?*
42% - 49%
6 k - 85*
11% - 19
101% -108
87% -100%

. . . . - ....
. -

109 -109
84% - 90
_
6k- 8k
19 - 23%

. . . . - __
_
12 H - 14?*
55k- 63k
134% -113%
0 3 - 69
3734- 11%
1 - 6k
4 - 135*
_
7334- S9%
6k- ok

34

35 - 35
120 -1 2 0
8 8 - 91%

- 40

5 - 5%
10%- 1234
15% - 17% 14 - 15%
3334- 38% 3 3 % - 30
20 - 23% 20 - 2034
30 - 32% 28 - 29
4434- 47
37 - 43
13% - 16
30 - 40J41
L17 -1 2 2 ' 122 -122
92 - 97J4 92 - 93%

. . . . - . .. 1
6% - 8%
8k - 7k
23% - 28 1 24 - 30
8 - 8
2 - 2 ! 3 -3

7 % - 9%
32 - 33

7 -8

734~ 8%
25 - 29

I.... - ..

4 -4
3 - S
15 - 15
1 4% - 16%! 14% - 18 I 19 - 20% 1 6 % - 18%
63 - 68% ' 6 3 % - 68 I 72 - 73% 69 - 72
141 -147 143% -149 149 -153% 152 -1 5 5
08 - 70
59% - 65 ' 64 - 66
40% - 54
38?*- 44?* 4 1 % - 48% 47% - 5& 4 4 5 % - 51
15*- 25*
K- 2 j %- 1% Mr %
5 - 7
2 - 6 ! 1 - 3 % i%- m
94%

795*- 895*
8k- 8k

93

- 104

7% I 9%-

8 5 % - 97%

10

1%- 1%| 1%-• 1% 1 - 1%
90 - 93%; 90%- 96
90% - 92
90% - 92%
IS
- 1‘
1 2 -1 6
18%- 20% 18 - 19%
65 - 09% 70 - 72
75 - 78
75% - 78
42 33 - 43
4 8 - 49
47% - 49
10 - 11
1034-■12% 12 - 14% 12% - 13%
2 0 k - 2 1 k 2134 26% 2 6 -■ 31
24 - 29%
17 - 21% 18%- 22
21%-• 26% 18 - 22%
17 - 1 8 k 18 -• 18
21 -■ 24% 20% - 23
150 -1 5 8 157 - 162 160 - 163 161% -164
70 -■ 70
20 - 30
45 - 45
43 - 43
43% - 43% 35 - 37
96% - 98
88
92%
91%
93%
04% - 08
9 0 -9 0
00J4- ■ 94% 94 - 98
9234- 95%
9 -1 0
1 0 -1 2
13 - 13
1 0% - 12
1334- i f
1034-• 13
12% - 13% 11%- 12%
0 0 - 00
75 - 75
78 - 79
73 - 73
70 -- 70
0 7% - 08
71 - 71
2 7 - 29
32 - 33% 2 9 k - 82?* 21?*- 30?* 2 0 - 2 5
23 -■ 28
2 8% - 31% 2 8 - 2 9
_
•
_
287% -290
118 -118 1 1 7 k 1 1 7 k 104%~115% n o - n o
113% '114 -117J4 115% -117
0 0 -9 4
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i%« t I «%- 7 \
6 7 4 '.... 0)4- fiy
itt -iii j «»• - »,..| 78 -1»0 1 ... •* ......
180 -180
8%' i%’- o%‘- 4*4- 054
4X- .*.H 3S»m - -m
3 )4'
m - m
»54- 7)4 £>H- 034
19%- 31%‘ BH ll»4 0%> 11 ®%r 11% tiy - IOM «X - »
« « - 75* 0M- »M 8 - aj£ 0)4- 1434 lox- lsy
f llC il% 3‘7%- 21%' .to - m j toy
21:1 13)4- 18
12 - 14
14 - MM 16)4- M 10)4- 2
20 - 24)4
9 * 11% 8 - »%!• 844- #,X! BU- »y*
0%i
7-074 3 « - 9M
oscj 6)4- 7 «
<>M
«74 s - m
mpH‘ H fif
01.%i m n* 85%; § 86 : 41 - 685* s i n - i m 4534- «0 r m - 0334 698«M- 88M 6774- « 2 «
©Nr m i 2i%“ 28 | 31 - 27 : 1
U.»(- 1754: 14)4- 10 10H - U W M X - «OH 20 - 37 23 - 20%
8?Hj * g0%; §3 *
75 - m3$\ 7 83 70 - 73# 07)4- 71H 71 - 73 65 - 71M 70)4- 82)1 70 - 82M
»Ms - m 7 - 7 : !>»(- 634 7 - 734 7M- 7M 0 - 8
me]
- sin m m 84)4- s«y 8 m i 77 -83M( 72M- 79« 77 - 8174 M X - BOM 85 - BOM 8074- 8<y
*** * **»*
... * J .
28-90
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97 - S7
1TS -

I T77.-.'

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. . . . . r.a |,)%

fH E CHRONICLE

Januaet 2, 1827.]

21

COURSE OF PRICES OF STATE SECURITIES DURING THE YEAR 1896.
[Compiled from actual sales made at the New York Stock Exchange.]
Ja

S E C U R IT IE S .

n u ar y

F e b r ’r y .

Ma r o h .

JU N E .

A p r il .

J u ly.

A U G U 8T. S E P T ’BER. O c t o b e r . N o v ’b e r . D e c ’b e r .

L o w . H i g h L o w . H i g h L e w . H ig h L o w . H i g h L o w . H i g h L o w . H ig h L o w .H ig h L o w . H i g h L o w . I l i g h L o w .H i g h L o w .H ig h L o w .H ig h

A la b a m a —C l. A . 4 t o 5 ,1 9 0 0 . 10S% -109 108«-10854 10794-107% 106 -100*4
C la s s B, 5 s , 1906 ............
100 -100
C la s s C. 4s, 1 9 0 0 .....................
100 *6- 100*6
C u r r e n c y f u n d in g . 4 b . 1920 .
Arkansas—“ H o l f o r d ” f u n d .
6s. 1899-1900.............................
99 - 99*4 97*4 -98*6 97 - 96%
L o u i s ia n a —N e w c o n s o l., 4 s. 9 8 - 9 8
N o r t h C a r o lin a —
105 -105
C o n s o l., 4s, 1910 ................. 102 -103*6 103*6-103*6
124 -124
6e, 1919........................................
i* * - 1*4
S p e c ia l t a x c la s s 1 ................
Do
Do
W .N .C .R R .
S o. C a r o lin a —N o n - l u n d .. 6s
T en n essee—
80*6- 88*6 85*6- 87*41 85*6- 83*6
N e w s e t t l e m e n t , 3 s, 1913..
81 - 81
8 m a l l ....................... ..............
01 01*6 6096- 62%
60*$- C2
V ir g in ia —F u n d , d e b t, 2 - 3 s . . 59*6- 61
6*6- 6%
6s, d e f ’d t r . r e c . s t a m p e d .
4%- 6*4
6*6- 6

106 -10696
94 - 95
94 - 94

3*6

98 - 98
105

-106

90*6- 90*6 . . . . -

97*6- 98
104 -10596

"i*6- 'm

95

- 96

1 -1
81 - 84*6

70*6- 82*6

78 - 78

74 - 78*6

5594

6196- 61*6 69 - 60*6

7 -7

....

110 -110 ....

194- 'm

1*4- i*6
8 4 -8 6

... - .... 101*6-101*6
93*6- 93*6'.::: - :

4

494-' 5*4

80

57*4-58*6
5 - 6 %

- 81*6

58*4- 61% 60*6- 62*4
6*6- 7*6
6*6- 7

RANGE OF RAILROAD AND MISCELLANEOUS BONDS AT N. Y. STOCK EXCHANGE IN
[Compiled from sales of bonds a t the New York Stock Exchange.]

1896.
January

F e b r ’r y .

Ma r c h .

A p r il .

Ma y .

JU N E .

JU L Y .

A U G U ST. S E P T ’BER. OCTOBER. N o v ’b e r .

D e c ’b e r .

BO N D S*.
L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h L o w .H ig h
A la . 3 I I d . - l e t , 1 9 2 8 ..6
A n n A r b o r —1 s t . ’ 9 5 , i f - 4
A tc h . T o p . & 8 . F e .—
G e n e r a l, g o ld , 1 9 9 5 .4
A d ju s tm ’t, g , 1 9 9 5 , 4

60

- 70

92
1 m i - 7054 09

s i n rryb- 8114
46*4- 51*6 1 1 - 4 9 ) 4
75*4- 80*6 75% - 79%
79 - 79
24*6 23% - 28% 23*6- 27*6
2191
74
7* - 77)4
23
2 3 -2 7
2 5 -2 0
_
82*6- 82%
41*4- 41*4 40 - 40
2
2 - 3
2 - 2%^

72% - 78
42*6- 47
6914- 76
1994219469 20 _
_

09*6- 72
7754-

- 92
- 71%

70 - 71% . . . . -

7814- 8054 78 - 80%
44*4- 46% 40 - 44%
_
70 - 79%
2 4 % - 27*4

....

66 - 7054 63

7674- 80S, 7 1 % - 79
38% - 42% 3054- 3»5i

_

_

_

_
_

_

- 09*6 70 - 74*$ 73 - 74*6

67

*_

C . H id ., 1 a t, g . 6 ,t.r e c 72*6- 77
.... - ....
06 - 71
C o n . , g . . '4 0 , 4 , i . r e c .
2114- 2554 23*6- 23% 21 - 2354 19*6- 20
_
_
A l l . A v . ( B ’ k l y n ) —I m . 5
A t l a n t i c & P n c . - 1 s t . . .4
5 0 -5 0
I n c o m e .................................. 9
2 1H - 2 . . . . - . . . .
W- 1
HH
B a l t i m o r e dfc O h i o —
_
1 s t, 1 \ ti
(i
112 -112
107 -107 108 -109
107 -108 105 -105
G o l d , 1 9 2 5 , c o o p ........5 95 - 99
93 - 97*6 80*6- 87
84 - 90% 90% - 9«
92% - 93%
R e g i s t e r e d .......................
91 - 91
87 - 87
C o n s o l . , g o l d , 1 9 8 8 . . 5 104 -107 103 -107
93 - 00
93*6- 97 100 -102*6 102*6-103
_
_
B . A r O . S W . —1 s t , 1 9 9 9
102 -102
1 0 0 *4 - 1 0 0 %
- ....
_
B .d k O .S W . R y . ’9 3 -4 * 4
.. - ...
8 1 - 81
79 - 79
_
_
1 s t I n c o m e , B ............. 5
- .
11 - 11
C e n . O . K e o r g .c o n .4 * 6
B a l t . B e l t —1 s t , g u . 5
94 - 99
98 - 98%
90 - 921, . . . . - . . . . . . . - ...
83% - 83%
B e e c h C r ’k .- A e N .Y .C .
B ’ w a y Sc 7 t h A v . —* 4 3 . 5 11196-114 114*6-115 113 -114% 113 -115% 116 -117% 114% -110 115 -117
_
B r o o k l y n C i t y —C o n s . 5
113 -116
113 -113*6 11054-11054
113*6-113*6
B ro o k ly n E le v a te d —
1 s t , 1 9 2 4 ......................... « 99*6-102
94 - 90% 8 4 - 9 5
80% - 85
70 - 80%
#7)4-10154 8 8 -102
_
_
2 d m o r t., 1 9 1 5 ...3 - 5
60 - 65
70 - 72*6
60 - 62
U n io n E l . - l » t , 1 8 3 r . «
8754-1005, 90 - 99*6 9514- 99?4 9 5 « - #714 8 2 1 ,- #214 8 0 - 8 4
7 6 -8 0
_
_
8 . 8 . Sc B . B ., 1 s t , ’ 4 i . 5
8 3 -8 3
80 - 80%
B ro o k ly n K n p .T r a n s .5
- ....
.. - . . . . 78 - 80
.... " ....
77 - 79%
B r u n s . d c W .— 1 s t,* 3 8 .1
97 _ 9 7 %
B u l l . R o c l i . Sc P . —G e n . 5 95 - 93 ***•* _ *"*
R . Sc P . , 1 s t , 1 9 2 1 . . . 6 1*3 -125% 124 -124
123 -124
121 -124
123% -124 120 -120
C o n s o l . , 1 s t ................. 9
- . . . . 119*6-119% 118 -119 118 -118*6 119 -119 11054-11654 114 -114
_
- . . . . 100 -100
_
liu f .& S o ,. l o t . 1 9 1 3 .3
.. - ..
B u r l . C . U n p . A N o .—
1 s t . . . ...................................... 5 103 -10554 109 -107 106 -107 107 -108% 107% -108% 100 -100% 104 -100%
C o n s o l . 1 s t A’ c o l . t r . 5 99 -100
101 -102% 10114-10314 101 -102% 10214-10254 1 0 1 5 4 - 10 2 5 , 102*6-102*6
_
_
O . R . I . F . Sc N . , 1 s t . 9 100*4-106*4
1"0%-105*6
1 s i , 1 9 2 1 ........................ 5
!U . *V 8 t . L . , 1 s t , g u . . 7
- — 140 -110
C a n 8 o n t h * n —1 s t , g u . 5 100 -108 10754-10954 108 -1 0 9 108*6-110 109 -110 109%-110*6 105 -108*6
2 d m o r t g a g e ................... 5 104 -105
104)4-107
10314-10114 103*6-104% 10414-10514 104% -106 100 -106
- ....
R e g i s t e r e d ...................
_
103*4-103%
C e n t . O h i o — See K . A O .
_
- .. 100 -100
C e n t . U R . Sc B . , G a . . 5
04 - 94
9 8 - 98
96 - 90*6 9 5 - 9 6
_
C e n . R y . o f G n . —C o n s 5
C e n t, of N ew J e r s e y —
C o n s o l . . 1 8 9 9 ............... 7
- . . . . 109*6-110 109 -110% 107% -108 108 -108*6 108% -108% . . . - . . . .
- . . . 115*6-116 119 -119% 118*6-120 110*6-117 110 -116
C o n v . d e h e n .. 1 9 0 2 ..7
G e n . m o r t . , 1 9 8 7 . . . . 5 11254-11554 110)4-119), 110% -118% 11614-U914 119 -110*6 118*6-120
1U54-11754
R e g i s t e r e d ....................5 113 -114*6 111 -117 115 -110% 114 -116% 110 -116*6
11154-H654 11354-11454
I ^ e h .A : \Y . B . —A s s e n t 7 104% -105
1 0 4 % -io e 103 -105 104 -105
104% -106 102% -103% 102 -103
- ___
M o rtg a g e . 1 9 1 2 — 5
9 2 % - 92% 90 - 90
9 0 -0 0
A m . D o c k Ac I m p ..........5 111*6-112 113 -113% 118 -114*6 11314-11114
11354-114)4 114% -114% 111% -112
- . .. 104 -104
_
N . J . 8 o u th ’n, 1 8 9 9 9
103 -103
103% 103%
C e n tr a l P a c ific —
G o l d , 1 H J»« ..................... « 100 -10054 101 -102
102 -102 103 -103%
G o l d , 1 8 H 7 ....................... 6 100*6-100*6 102 -102% 101*6-102 i o i* 6 - io i% 102 -102
G o l d , 1 8 9 8 .......................9
##54-10054 102 -103*6 103 -103 103 -103*6 103*6-104
103*6-103% 100 -101
.. 1
S a n J o a q u i n B r 'c h .- O
102*6-103
G u a r , g o ld , 1 9 3 9 — 5
_
L a n d g r a n t s ..................... 5
98 •* 98
E x t . , g . , s e r . A ., ’9 8 5
W e s t e r n P a c i f i c ........... 9
- . . . 103 -103
102% -103 103 -103
103*6-103*6 103*6-103% 101 -101%
N o . o f C a l . . 5 0 y e a r . . 5 92% - 93% 9396- 94% 93% - 91% 92 - 93% 93 % - 94% 93*6- 94% 92 - 93%

_
_

- C5*6 05 - 69%

6 3% - 74*6 73)4- 7754 7254- 7054 7554- 8054 77% - 79*6
2 8 )4 - 3354 3054- 3754 33*6- 40
*054- 4*54 *054- *3)4

.. " . .

67
10

- 78
- 19%

08 - 73% e#54- 6954
09 - 69
1854- 2054 20 - 22*6 17 - 20%
49

_

54-

1

54-

54

- 49
54- 1J4

103% -108
87 - 90

_

90

99*6- 99*6

83 - 85
114 -110
109J4-U 1M 112 -115
11054-11054 11054-H054
76

- 90

-

110*6-118% 11654-11754
11*54-11*54

71 - 75

75 - 76

70 - 73

76 - 82
45 - 46
71 - 74*6 71*6- 80

70 - 73

73 - 70

72*6- 74

- 76

7* - 80
39 - 39
71 - 73%

7454- 7854 74

117 -118*6 119

-112

154

83*6- 92

77 - 78

112

54-

- 79%

-120% 110 -110*6

100 -102
-

100*6-105 104*6-100
102% -102% 100 -100

106*6-107
102*6-103

105 -100
100 -101

100 -107% 100 -107% 107% -110 109%-110*6
08 -101 101 -102% 103 -10*54 104*6-105*6

104*6-105*6
102*6-102*6
102 -102

90
103*6-108% ___ -

. . . . 104*6-105% ___ _ . .

110 -114% 112 -115
112 -116
110 -112% 111 -113% 110*6-112
10154-10254 102% -102% 102 -103
108 -110

109 -110

100 -100

99% -100
99*6-100

-

115 -118*6 118 -118*6
114% -116 114*6-110
102*6 104*4 103%-104*6

110 -111*6 112 -115
103*6-104

99 -100%

- 91

99 -103

110

-116*6

103 -103*6

99 - 99
98 - 98 100 -100
9154- #254 92% - 94

100 -100
92 - 93

.... -

....

...

-

....

THE

22

[Vou LXl V,

CHRONICLE.
Continued.

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127H-127V4
its * -13* 1S3 -J 22 ISS -125 125 -125
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J anuary 2, 18fe7 J

THE CHRONICLE.

23

1896—Continu ed.
N o v ’ b e r . D ec’b e r .
BO ND S.

Low . H igh L o w .H ig h L o w .H ig h L o w .H ig h L o w . H ig h L o w . H i g h L o w . H i g h L o w . H i g h L ow . H ig h Low . H ig h L ow . H ig h L o w . H i g h

1 1 9 4 - H 9 4 120 -120
C ln .H a m .d t D a y .- S .f .7
___ 106 -106 1 0 3 4 -1 0 4
2 d , g o l d , 1 9 3 7 ..........4 4
1 0 5 4 - 1 0 7 4 1 0 0 - 1 0 1 4 1 0 0 4 - 1 0 5 4 100 -106 108 -108 1 0 7 4 -1 0 8
C i n . D a y . d t I r . 1 s t . . - . 5 10554-109 1 0 3 4 - 1 0 9 4 108%-10S%
C . I . S . L . d t C . * £ e « C .C .C .
C ln .S a n .d tC . ( d t S t. L .
C l o v e . d t C a n t o n —1 s t . 5 79 - 90
80 - 80
814- 814
80 - 81
80 - 80
T r u s t r e c e i p t * ...................
C l e v . C l n . C l* , d t S t . E . 8
0
8
8
88
8
7
4
G e n ’ l, 1 9 9 3 , g o ld ... 4
91 - 9294
S t . E . D i v . , l e t . 1 9 9 0 . 4 9254- 93
9 2 % - 9456 9 3 4 - 9 4 4 9 3 4 - 95
9 0 4 - 93
8 9 4 - 90
9 2 4 - 9356 9296- 93
90 - 90
9 0 -9 0
R e g i s t e r e d .......................
9 0 -9 3
- 90
- 94
C l n . W a b . d t H I ., l s t . 4
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9156- 9 1 4 9394- 93)4 90 - 92
- 99
9 3 - 98
984- 984
95 - 95
- 97
C . I . S t . I , , d t C .* 1 e t . 4 95
9 7 4 - 9 7 4 08- 9
-105
C i n . H a n , dk C l . , 1 s t . 5 106 -100
79 - 80
- 80
674
- 75
P e o . dk E . , 1 s t , c o n e . . 4 7 9 4 - 80
734- 744
7047 5 4 - 78
- 78
7296- 76
10
20 - 20 1814- 20 19 18 - 18
I n c o m e s , 1 9 9 0 ...........4 20 - 23
- 17
- 19
224- 224
109 -109
I n d . B I d t V V . l s t p f .7
C le v . C o l. C ln . d t I n d .—
104 - 1 0 4 4 100 -100
107 -10854 10956-10956 107 -107 1 0 8 4 - 1 0 8 4 •
1 0 5 4 -1 0 5 4 1 0 5 4 -1 0 0 4
1 s t , s i u k l u g f u n d ......... 7 106 -10756
132 -132
134 -134 13456-13456
C o n s o l . , 1 9 1 4 .................7 119 -120
1 2 2 4 -1 2 7 4 . ..
1 2 9 4 -1 3 1 4
12556-12656 125 -127 1 2 5 4 - 1 2 5 4 . . . 124 -124
G e n e r a l c o n s o l ........... V
105 -105
C . d t S . - C . C . C . & I ..7
1 0 0 4 -1 0 7 1 0 0 4 - 1 0 7 4 10454-107 1064-10056 1 0 0 4 -1 0 7 107 -107 102 - 1 0 2 4 103 - 1 0 5 4
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103 - 1 0 4 4 102 -103
118 - 1 2 1 5 4
1 1 7 % -U 7 % ! .... - .
- . . . . 1 2 0 4 -1 2 0 4
C l . d t i l l a h . V a ! . —’ 3 S . . 5
C o l . H I i d . —d?e< A . T . & S . p i
111 -113 1 1 3 4 - U 3 4 1 1 3 4 - n W 1 1 3 4 - 1 1 3 4
-11296 1 1 0 4 - 1 1 2 4 111 -113% 1 1 5 4 - H 6 4 1 1 0 4 -1 1 7
C o l . d k 9 t h A v e . — l e t . 5 1 1 1 4 -1 1 4
11154-11454111 - 1 1 2
- 87
- 84
82 - 8 4 4 84 - 8 9 4 8 0 - 8 3
8494- 88
- 84
C . H . V a l . d t T o l . —l s t . 5
83 - 8 8 4 8 0 - 90
84% - 8356 84 - 85
8156- 87
8
4
8
8
89
90
8 7 -9 0
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- 854
- 83% 83 - 8 9 4 8 9 4 - 91
G e n . g o l d , 1 9 0 4 ...........6
8 0 - 8 8
8 8 - 89
8 8 -8 9
8 4 4 - 86%
D e l. d t H u d . C a n a l.—
13791-13796 130 - 1 3 7 4 130 -138 H O -140 14196-1434
P e n n . D i v . , c o u p ........7
142 -14354 H 3 4 - H 3 5 6
- . . . . 1 3 7 -137
R e g i s t e r e d .................... 7
A l b . d t S u s q . —1 s t , g u .7
1 2 2 4 -1 2 2 4
119
-119
11094-117
1 s t c o u p . , g u a r ......... 6
11296-11296 . . . .
115 -115
110 -110
R e g i s t e r e d . ' . ................117 -117
R e u s , d t S a r . —l e t ___7
144 - 1 H 4
144 -140
1 4 1 4 -1 4 1 4
R e g i s t e r e d .................... 7
146 -140
12996-130
-125
D e l . C a c k . d k W e s t ’ n —7
128 -128
130
-138
131
-135
-142
-139
M o r r i s d t E s s e x . 1 s t . 7 1 4 1 4 - H 2 140 -H O
1 3 7 4 -H 0
1 3 9 4 -1 3 0 4
-115
1 0 6 4 -1 0 5 4
B o n d s , 1 9 0 0 .............. 7
112 -112
110 -110
1 1 3 5 4 -1 H 4 115 -115
1 8 7 1 - 1 9 0 1 .....................7 in -H4
128 -133
C o n s o l . , g u a r ................ 7 13P56-14156 H 156-H 156 14156-14156 141 -14194 142 - 1 4 2 4 1384-13996
- 1 3 9 4 1 3 9 4 - 1 3 9 4 1 3 9 - 1 4 0 4 137 -138
138 -139
R e g i s t e r e d — ...............
120
-128
132
-132
13394-13394
N . Y . L . d t W . —1 s t . . . 6 129 -129 13156*13356 13156-132
-1 2 9 4
1 1 3 4 -H 3 4
C o n s t r u c t i o n ............... 5
U 254-H 254 11356-1134 114 -114 115 -115
112 -112
W a r r e n , 2 d , 1 9 0 0 . . .7
114 -114
111 -112
1 1 0 4 - U 0 4 11094-1114 1114-11156
-1 1 2 4
D e n v . dk l l l o G r . - l s t . ? 110561-112 I113 -1 1 3 ,113 -113
-11196
9094- 92
8 5 4 - 9 0 4 83 - 87
86 - 9 1 4
- 8 7 4 8 5 4 - 87
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4 83 - 90
89 - 9056 8 8 - 9054 8 8 - 0196 9 1 - 9 2
- 9096
80
8656
81
81
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- 85
05
07
D e t . d t H l a c k . —H l o r t . . 4 . . . - — . . . . - ••
17 - 1 8 4 18 - 2 0 4
18 - 19
- 19 4
1 5 4 18 - 19
D e t . H I. d t H I.—L . g r . 3 4 19 - 20
1956- 20
- 18
1 7 4 - 1856 15 - 1 7 4 13
-100
- 1 0 4 4 1044-19194 102 -103 1 0 0 - 1 0 2 4
10096-10096 100 -100 100 - 1 0 3 4
D u l u t h d t I . R . —1 s t .5 101 -101 101 102J4 106 -105
90 - 9 8 4 9 2 4 - 90
9 2 4 - 94
- 98 100 -100
97 - 9756
- 974 9 7 - 9 7
D u l . S . S . d t A t l . —1 9 3 7 . 5 95 - 95 i 95
-1 0 2 4
E . T . V a . d t G a .-^ e e S o
E rie 1 0 4 4 - 1 0 4 4 104 -104 103 - 1 0 4 4 1 0 3 4 - 1 0 4 4 1 0 2 4 - 1 0 2 4 1 0 2 4 - 1 0 2 4
103 -103 1 0 3 4 -1 0 4
l e t , E x t . , 1 8 9 7 ...............7 103 -10456' 1 1 2 4 -1 1 3 l i l t -114
114 - 1 1 4 4
115 -110
2 d , E x t . , 1 9 1 9 ................ 5 11456-1H56 •
100 -109
10456 10454
1 0 0 4 -1 0 7 1108 - 1 0 8 4 109 - 1 1 0 4
1 0 5 4 - 1 0 5 4 1064-1009*
3 d , E x t . , 1 9 2 3 ............ 4 8 105 -106 .
114
-114
112 - 1 1 2 4 . . . - .
4 1 », E x t . , 1 9 2 0 ............ 5
1 H 4 -H 4 4
10456-10156
3 t h , E x t . , 1 9 2 8 .............4 10194-10154 .
130 -138 138 - 1 3 0 4 140 -140
133 - 1 3 5 4 1 3 7 4 138 138 -139
l e t , c o u e o l . , g o l d ..........7 135 -13856 13854-H O
131 - 1 3 1 4 132 - 1 3 2 4 1 3 2 4 1 3 3 4
1 3 1 4 1 3 1 4 1 3 1 4 -1 3 1 4
C o n g " o c k c o n e .* 3 3 0
134 -135 130 -130
1 3 2 4 -1 3 2 4
132 -135
B u ff. N . Y .d k E .- l e t 7
N .Y .E .E .d k W .2 d c o n s .
70 - 70
70 - 75
74 6 , c e r t s , o f d e p . s t p ’ d 6054- 73
71 - 71
F d . c p . . » « 9 , 5 c . o f d e p . 0956- 7256 7054105 -100 102 -102
1 0 5 4 -1 0 6 I . . . . - . . . .
D o c k .d k I m p ., 1 e t’ 1 3 6 —
- ....
103 -103 104 -104
1 0 2 4 - 1 0 3 4 11 0 2 4 - 1 0 2 4
J e ff e rs o n K R .,ls t,g .5 — ,
1 0 5 4 1 0 5 4 102 -102 1105 -106
1084-11154
108
1
0
9
4
1 0 4 4 -1 0 8 4
108 - 1 0 9 4 102 - 1 0 8 4 1 0 1 4 - 1 0 4
C h i c , dk C . t 1 s t , g 4 - 5 10554 10854409 -112
1 0 7 4 - 1 1 1 4 110 - 1 1 1 4
1 1 0 4 -1 1 1 4
2
4
2
4
I n c o m e , 1 9 8 2 ............... 2 3 4 - 28
274- 274
- 91
87 83 - 85
8 5 4 - 89
8 9 4 - 93
9396 9*4 9356- 9554 91 - 93
E r i e —1 s t c »ns. p r . , g . .4
93 - 9 5 4 94 - 04
- 6 4 4 6 4 4 - 6 8 4 50*6- 00
58404 - C096 6 4 4 - 07
6 4 4 ~ 67
1 s t c o n . g e n .! . .* 9 6 .3 - 4
6 3 4 - 0096
6 0 4 - 06
634- 654
... - ... .j l O l -101
E r ie d t P .-C o n
.7
98
98
E u r e k a " » p r in g s - l* t..6
I 95 - 95
E v . d t T . I I . —G e n . , 1 s t . 3
1 0 6 4 - 1 0 6 4 ' 1 0 2 4 - 1 0 2 4 106 -107
10856-1004
10796-1084 1 0 8 4 -1 0 9
C o n s o l .................................. 6 1 0 7 4 1 0 8 4
1084-1084
F I . C e n t , d t P e n , —1 s t . . 5 . . . - . . . . | — - . ..
.1 1 3 -113
. j i l t -114
113 -115
F l i n t d t P . M a r . —M o r i . 0 . . . - . . . . 110 -110
- 80
91 - 03
1 s t c o n s . , g . , 1 9 3 9 . . . 5 9 2 4 * 0.JJ4 93 - 93 1 91 - 93
8 2 4 - 81
- 75
87 - 87
80 - 8 1 4
P t . H u r D i v . , l e t . . . 5 . . . - . . . . 0196- 9 2 I 0 2 4 - 03
F t . W . d k D e n v . C . —1 s t . 6 04 - 6 7 4 ;
4 8 % - 51
49 - 5296 61 - 0 5 4 01 - 04
4096- 49 1 4 8 4 - 52
5 1 4 - 68
T r u s t r e c e i p t s ................. 64 - 0 7 4 66 - 7 0 4
• 0 8 4 60 - 095* 50 - 65
5 0 4 - 55
F t . W . dk D . C . - l s t 4 - 6 . . ...
50
62
50
50
64
5
6
4
6640
0
534- 634
F t . W . d t R i o G . - l * t . 5 67 - 67 j
674
- 82
81 - 8456 8 3 4 - 8 3 4
8056- 81
G a lv . I l . & i l . o f m
5 ... - ...

...

G a l v . l i a r , d t S a n A n .—
1 s t , 1 9 1 0 ............................6 . . . - . . .
l i d , 1 9 0 5 ............................ 7 . . . . . . .
H I. d t l * D i v , 1 s t .. 5 91**- 93
G n . r n r . d t N . —1 s t , g u 5 —
- ...
G a . P a c i f i c - S te “ o u t l i ’ n
G r . H a y W ln .d k S t. P . 2 d , I n c o m e .......................... . . . - . . .
H & ! * t . J . —3 e * C . B .d k Q .
H o u e a t ' c —C o n . , 1 9 3 ? . . 5 123 -123
H o n s , d t T e x . C e n t.—
l e t . g o l d . 1 9 3 7 ............ 5 107 -108
C o u e o l . . g o l d , 1 9 1 2 <> i ’i -1 0 4
G e n e r a l , g o l d , 1 9 4 1 1 09 - 6 0 4
D e b e n t u r e , 1 8 9 7 ........4 , —
Illin o is C e n t r a l G o l d , 1 9 5 1 ......................3 4 9 9 9 4 - 9 9 4
l e t g o l d , 1 9 5 1 ................. 1
- . ..
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J ajtuabt 2, 1867.]

THE CHRONICLE

25

1896—C ontinued.
JA N U A R r

F e b r ’r t v

March,

J u ly.

A U G U ST

L o w .H ig h L o w .H ig b L o w .H ig b L o w .H ig

L o w .H ig

IA p r i l .

MAY.

J une.

|

S e p t ’b e r

Oc t o b e r

N o v ’b k r

De c b e r .

BO ND S.
L o w .H ig h L o w .H ig h L o w .H ig
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7 8 -8 0
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1 s t , 1 9 0 3 ............................ 7
1 s t , 1 9 0 3 . ......................... 6
N . Y . N . H . & H u r t l 'd C o n . d b . c t „ a l l I n a . p d . 135 -136 137 -137
N . Y . Sc N o . —1 s t , g o l d . 3 . . . . - . . . . . . . . - . . . .
N . Y . O n t . d t V V - l . t , g . 3 107 -109 - 108 -110
88)4- #0
R e f . , 1 s t , 1 9 9 2 ............. 4
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99 -100
R e f u n d i n g ................. — 5
90 - 9956
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2 d m o r t . . 1 9 3 7 . ...4 5 6
G e n . , g o l d , 1 9 4 0 ......... 3 7554- 79
7056- 76
T e r m , , 1 s t , 1 9 4 3 , g - 3 103 103 % 10556-10654
_
_
W l l k . & E . , 1 s t , 1 9 4 2 .3

l i l O r r . m o r t.. 1 9 9 0 .3
T r u s t r e c e i p t s .............
N o s. a b o v e 1 0 ,0 0 0 ..
C l i n c h \ ra l . , 1 s t , ’ 5 7 . 3
M d .& V V ., l . t . 1 9 4 1 .3
T r u s t r e c e i p t s ...............
8 c . V a l . <fc S . E . , l . t . 4
N o r th e r n P a c if ic —
G e n . 1 s t, la n d g r a n t . 6
R e g i s t e r e d ....................6

- 91

11854-119 11956-1205, 118 -1185* [11756-1175] 113 -1135] 11356-H 5
. .. - ...
113 - J 13 1 1 2 - 1 1 2
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6 6 - 61
59 - 65
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1 66

8 0 X - 83)4
55)4- 60X
72)4- 72)4

95 - 99
9 8 - 9956 99 - 99?* 100 -10056 101)4-101)4
9 7 )4 -1 0 0 ) 100 -10056 10 0 - 1 0 1
97)4-100)4 10 0 X - 1 0 1 X
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10 0 -1 0 0
10 0 -10 0
100 -1 0 0
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. . . . - . ..
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7256- 75
73)4- 77)4 74 - 76
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D e b t c e r t s . , e x t . , g . 4 10056-1019* 10194-103 102)4-102)4 103 -1035* 10156-10154 |l0156-10l56
102
10 1
1 0 1 ^ 10254-10256 10154-10154 1 0 2 - 1 0 2
1 0 0 -10054 . . . . 114 -115
11256-11256 1 1 2 ) 4 -1 1 2 ) 4 110 -11156
11156-11154 111)4-111)4
W e s t 8 l i o r e , g n a r . . . I j l 0 4 -10554
R e g i s t e r e d .................... 4 104 -105
B e e c h C r e e k , l a t , g . 4 104 -104
R o m e W a t e r . Sc O g .
C o n . 1 s t , e x t ................3 U 6 X - U 8 X
_

86

11856-H 9

M o r g a n ' s J L a . Sc T e x —
1 s t .............................................€
114*^-11454
1 s t , 1 9 1 8 .......................... 7 128 -128
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1 s t .............................................7 12756*12754 127 -127
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_
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N . Y . C . Sc H . , 1 s t , c p . 7 118 - 1 2 0
... - ....
R e g i s t e r e d ....................7 j119 -119 119 -119
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70 - 70
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8754- 91

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91 - 92? 6 9056- 92

9 2 -9 4

7 7 -8 3
51 - 57
7356- 78

L o w .H lg l L o w .H ig i L o w .H i g i L o w .H ig h

67

- 67

m 65 - 55
6 4 -6 5
8356- 86

9056- 93

98 - 9956 90 - 9454
6756- 69
6956- 70
60 - 68)4
105 -105
10356-105
8 5 -8 5
110 -110
_
103 -103

9256- 94

94

- 90

9 0 -9 6

.... -

109J4-114X i l l

-111

100 -106

135 -13056
118 -119
107 -10856
88)4- 8 9X

100 -10256 10056-10354

114 -11656 11656-118
103 -103

_

78

- 78

_

78 - 81

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L0994-112
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!l 0956-11454 0954-11556 L14 -11494
. . . - . . . " 11054-115

-11156

127 -12956 128J4-132X 135 -13656
. . . . - ___ . . . . - ___ 113 -113
10556-10654 107 -108 11056-U056
84 - 86
85 - 9054
8 2 -8 5

6 0 - 0354 0356- 09
07 - 7456 71 - 7354
.... . . . . - ___ ___ - . . . . 10554-10554 102 -103
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114)4-114)4 114 -114
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105 -105
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64 - 6656 04 - 60
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68
6994
6 6)4- 68)4
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1354-115*4 T 1654-117* 145 6 -H 8
13 -115*4 16)4-117 , 114)4-118

00 TOC 10554-112
. . . - . . . . 04 -106

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9 6 -8 8
- 65
67 - 70
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no
12756-129
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6054- 07

6 4 -0 4
0 4 -0 4

6 7 -6 8
81 - 84

60 - 67
8 1 -8 3

1196-114*4 114)4-110)4 L15 -11656
... - ....
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... - ....
14 -1 1 5 )4 ,

G e n . , 3 d , l a n d g r a n t . 6 64 - 70 1 7356T r u s t re c e ip ts
...........
74)4C o a . o l * , 1 9 8 9 ................5 3156- 3856 3756T r u s t r e c e i p t s ............
31)4- 3 7 * 39 _
_
R e c . c tf s . c o l. t r . n o t e s 7 9 - 7 9
C o l , t r . n o t e s , 1 8 9 8 . . 6 7654- 83
8 1
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.
D iv . s c r ip , e x te n d e d 8 p . Sc P . , s . 1., t r . r e c . 6
76
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R e g i s t ' d c e r t i f i c a t e s . . . . - -----!.

8056
77*
45
4454

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8056- 85

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-142

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0556- <59

70 - 7856

75 - 78

43)4- 48)4

48 - 57

5254- 5556

85 - 8856 8654- 9056 91 - 96
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39 - 39

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2256-12256

8 2 -8 5
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2256-12296' . . . - . . . .

....

L19 -120
. . . - . ..

1956-120
20 -120

23 -124
24W -124M
• •• - ......... .. - . . . .

THE CHRONICLE.

310

L7ou LXIV.

1*96—C o n tin u e d .

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J anuary 2, 1817.]

THE CHRONICLE.

27

1896—C ontinued.
JA N U A R Y F e b r ’r y .

M A R CH .

A p r il .

Ma y .

J une.

J u ly.

A u g u s t . S E P T ’BER. O c t o b e r . NO V ’BER.

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78 - 79
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_
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90 - 91%
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109 109
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110 -110% 107 -110
n o -in
C o n s o l . , 1 s t , g .............3 105 -107 106 -109 107% -109 107% -109% 10654-107% 106% -107% 100 -1 0 7 100% -102% 103% -105 105 -107% 106% -107%
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W . N . C a r . , 1 s t , c o n . 6 113 -113 112% -113 113 -113 112% -114 113% -114 112 -112% 104% -109% . . . . - ___ 103 -103 105% -108% 110 -112%
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T e x a s Sc N . O r l e a n s —
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--- - . . . .

105 -105
105 -105 106 -107
101 -104 101^-103
. . . . - . . . . 08 - 6$

15& - 24

uo -no

82

-

105 -107
96M-100

82>6 83

-

lll3 # - lll3 #
98 - 98%

.... —

7 8 k - 80

10 U0M-XX2

.

_

03M 88M- 84% 92M- S3M

107 -107

S2J4 28M- S0J4
tU M -JU M 1103^112

»09it-107H 107 -108
o«m- 7i

.

103M-104

100 -100
COM- tom
26 - SS

83
87M 88

19 - 23*4 25 - 81H
11134-L12 108M-110M

- —

-

85
SOJt

Mi* 27
i u -m «

. . . . - ....
_
106%-108
103 -1 0 4 k 105 -108
CSW-68M . . . . - . . . . 68 - e s s
.

dicted. The general conditions are exceedingly favorable for a
boom. Money in all reasonable probability will continue cheap
|Ftq» .#«£ #im mrrmpQR&&ti%*)
for m any months to come; trade during the past y ear has been
J.usnos, .SiTOEOiY, December JOtb, 1896.
active, while there has been no g rea t speculation w orth talk ­
•»-»**> ^ have been allowed to leak out, It ia ■ ing of upon any of the European bourses. The break-down of
otfeiM tjitlf i* "- ..i tn every capital iu Europe (including |
the South African speculation a little more th an a year ago is
J ttan t M. rU’ Nelidoirv return to Constantinople wiil |
a very different thing from the break down of the A rgentin
fa# 0q||c
by at- ultimatum on the part of the six ' speculation in 1890. The A rgentine speculation was in rea lit
(ifta t lp0W4§*i t " *1” SiUUn, calling upon him to make the
based upon the credit of the A rgentine Government, and the
liiilWNi *f-‘ rr'
f"r •*»* paciOentloo of ih« Turkiib Empire. revolution which followed showed th a t the credit of the G ov­
A t lb
of tii. l £»r » vi*it to the Queen a t Balmoral I re- ernm ent was by no means high. The South A frican specula­
perte* to toy * ty kir ;«tter that it * «| confidently
___ i J i H . , __________
asserted in tion on the other hand, although in some cases the prices
o*u»ii» » » it Informed circle* in Engined that an arrangem en t1 reached were extravagant, was in rea lity based upon a
i,s i i » r a rm e d «*, between the Caar and the Marquis oL genuine and growing in d u stry ,an d while it oannot be denied
« u h reference to Turk Mi affair*, and it i„ now th a t certain people undoubtedly suffered from the heavy fal
i ■m l ; at the carrying out of the arrangement which has iaken place in the prices of South A frican securi­
h«* e n lr •*-« ••Wlayed for the MitleoMBt of details and for ties, a t the same tim e the in ju ry has been com paratively
the consent of the other Great small.
The outlook in South A frica itself is also more
{V.«, r* It 1* added that ylmuM the Sultan decline to notice favorable th an it has been for months past, and if the dread
tfi<;f the (Jreat Boners, forms will, if necessary, of constantly recurring troubles in T urkey were once re­
fee
s« w n p « l him to do «o.
moved from the m inds of m arket men, it is confidently p re­
if the i -jr trier, question is finally settled a boom upon a great dicted that we should see active business early in the new
upon tit- V, iro|x'«B *tock exchanges is confidently pre­ year.
J U o a e ta r g :< 5 o m m e v c ia l^ U B U s ltilc r o j8 1

J anuary 2 1897.]

THE CHRONICLE

For the time beiog rates in the money market are stiff, but
certainly not more stiff than is usual at this season of the
year. In spite of the considerable sums which have gone
into the country to meet the needs of the approaching holi­
days, the Bank of England reserve still amounts to over 26
millions sterling. Day-to day money commands in some
cases as much as
per cent, while the discount rate for
three months’ bills is about 3?g per cent. Long-dated paper,
however, can be readily discounted at fully a point below
Bank rate—which, as the reader is of course aware, is i per
cent. According to cabled reports from your side the hold­
ings of financiers in N ew Y ork of bills on London amount to
about 10 millions sterling, and consequently, it is argued,
gold is not likelv to come from the United States as soon as
was expected, but inasmuch as the market supplies here in
London are about equal to the demand, the delay can hardly
be regarded as a matter of very serious importance. It is felt
that as there has been no active speculation in American
securities, the large sums due from your side in the form of
interest and dividends upon British investments w ill more
than balance the amount owed by this country for the pur­
chase of produce and the like.
The stringency of the Indian money market has been so
great that open market rates have in some cases been as high
as 10 and 12 per cent, even to borrowers in excellent cred it;
while the official rate of discount both for the B ink of Bom­
bay and the Bank of Bengal is 9 per cent. To relieve this
state of stringency the India Council decided at their meeting
on Thursday to release two crores of rupees from the
Presidency Treasuries. The effect of this is not expected to
materially alter the price of silver, but it will enable the
Council to draw more freely upon London, and w ill postpone
at any rate the loan of 4 millions sterling which it was
reported from Calcutta some weeks ago would be raised in
London early in the new year.
A report has been issued this week by the B mrd of Trade,
showing the state of the skilled labor market throughout the
United Kingdom. These returns only relate to members of
trade unions and skilled workmen, unskilled labor bring
wholly left out of account. But the facts are sufficiently
remarkable to justify the conclusion that employment is ex ­
ceptionally good at the present time. The returns show that
in 111 unions sending reports to the Board of Trade about 2
per cent were out of employment, as against over 4 per cent
at the same time last year, of the total number of workmen
affected. The report adds that the increase in the amount of
wages is estimated at Is. 9d. per week. Forty five thousand
coal miners in West Scotland have secured an advance of 6d
and 9,000 an advance of 4d. per day. Nearly 4,000 work­
people in the engineering and shipbuilding industries and
over 3,500 nail-makers have secured increases. During No­
vember about 7,000 work-people in the tin-plate trade have
obtained ad vances of 5, 10 or 15 per cent. Other increas-s,
involving 64,000 work people, were settled by negotiations,
mutual arrangement, or were voluntarily conceded by the
employers. This shows that the steady improvement in trade
which has been going on all through this vear is well main­
tained, as the figures oome down as late as November last.
The follow ing return shows the position o f the Bank of
England, the Bank rate o f discount, the price of oonsols, &o ,
compared with the last three years:
180*

Dec. in .
a
C i r c u l a ti o n ...........................................
P a b llo d e p o s ltii. ...............................
O t h e r d e p o s it s .................................
G o v e r n m e n t s e c u r i t i e s .................
O t h e r s e c u r i t i e s ...............................
R e se rv e o f n o te s a n d o o ln ..
C o i n * b u llio n , b o t h d e p a r t m 't s
P r o p , r e s e r v e t o l i a b i l i t i e s . .p . c.
B a n k r a t e ..................... . . p e r c e n t
C o n s o ls , Z X p e r c e n t .....................
S i l v e r ........................................................
C l e a n n u - H o u s e r e t u r n s . ..............

26.021.850
fl.826.3J 7
42.213.382
13,762,060
27.137,035
26,001,2 i l
M
i "i
523*
4
11054
80 d .
165.735,000

1806.

1803.

Dec. 18

Dec. 20.

1804.
Dec. 19
£
£
26,720.120
25.325,105
8,578,280
4,742,040
50.643,907
84,125,936
13.180,181
14.836.249
26,482,785
18,607,220
35.656. H 5
24,837,244
44,576,535
33.362.389
60 1-16
63 11-16
2
2
103
106H
*2?5*d.
80*Sd.
170.051,000 145,030,000

£
25.301.716
4,323,784
27,703,486
8,897,512
24,604,908
16,140,701
25,001,470
60 3 -16
3
07 16-10
31944.
142,983,000

29
IMPORTS.

tjnportsofw
Barley.........
Oats..............
P e a s .............. .

Beans...........
Indian oorn.
Flour ..........

1896.
1895.
1894.
1893.
,Owt.20,272,730 21,447,060 19,368,233 19.235.166
....... 9,033,470
9,739,830 11,061,100 10,714,952
....... 6,491,280
4,334,240 4,699,384
4,287,139
....... 1,380,145
935,900
845,424
823,006
....... 1,014,730
1,223,540 1,288,600
1,463,751
....... 18,519,800 12,503,150 6,442,344
8,053,363
....... 6,499,410
5,778,780 5,905,486
6.292.646

Supplies available for consumption (exclusive of stocks on
September 1):
1896.
1895.
1894.
Wheat imported, o w t.20,272,730 21,447,000 19,368,233
Imports of dour........ 6,499,410
5,778,780
5,905,486
8»les of home-grown. 9,013,594 4,799,585
6,318,365
Total ..................... 35,785,734 32,025,425
E n g lis h

F in a n c ia l

1893.
19.235.166
6.292.646
7,673,655

31,592,084 33,201,467

M a r k e t s —P e r

C a b le .

The daily olosing quotations for securities, & c.. at London
are reported by cable as follows for the week ending Deo. 31 :
London .

Sat.

Silver, per ounce....... d.
Consols., new, 2% p.cts.
For aco o u n t................
P^oh rentes (in Paris) fr.
Ateh. Top. <fe Santa F e.
Do
do
pref.
Canadian P acific...........
Chesapeake <fc Ohio.......
Ohio. Milw. & St. Paul
Deny. & Rio G r.,p ref..
Erie, com m on ................
1st p referred....... ......
Illinois Central..............
Louisville & N ashville.
Mexican Central, 4s .. .
Mo. Kan. <fc Tex., com ..
N. Y. Cent’l & Hudson.
N. Y. Ontario & West’n
Norfolk <fe West’n, pref.
Northern Pacific, pref
Do
do
pref.*
P en nsylvan ia.................
Phila. & Read., per sh ..
South’n Railway, corn..
Preferred......................
Onion Paciflo..................
Wabash, preferred.......
* Voting tru st receipts.

Mon.

Puss.

Wed.

Thurs.

F ri.

29I316
29 7s
29%
29 7a
1101a16 1113Q l i l t , . 111%
11118 n i l s
111
111%
103*4’’ 102*45 102*45 02*37is
143s
1378
14is
14i0
22*3
24%
23%
56^
56i0
57%
57%
16%
16%
16is
16%
7434
75
75
75%
43%
42 %
4314 x42%
153s
15 ig
15%
15%
34 %
35%
3514
3514
9434
94
9415
94%
157
157
157
49
49i0
48ia
49%
70
7 0 ‘s
70%
70%
1318
13is
1314
13%
96%
96%
96%
96%
15i0
15%
15%
15%
16k!
17
17%
22 %
23%
23 %
33%
33is
53
53
53i0
53%
1330
13
13%
13%
9%
9%
9%
9%
26%
27%
27%
27%
9%
9%
9%
9%
157a
16%
16%
157s

*<$
M
o

5*
P
O
w

®0nxmcuctal and l^XtsccUaueoits H ew s
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The follow ing are
the imports at New York for the week ending for dry goods
Deo. 24 and for the week ending for general merchandise
Deo. 25; also totals since the beginning o f the first week in
January.
foreign imports at new io e k .
F or week.

1895.

1896.

Dry good s.......
Gen’l mer’dtae

$1,365,790
5.122,564

$2,422,915
6,251,711

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

*6,988.354

$8,674,626

Since Jan. %.

1894.

Dry g o o d s...'.. $104,760,107 $141,221,632
Gen’l mer’dise 329,952,741 365,468,651

1893.

$2,120,002
5,414,652

$1,360,325
4,261,179

$7,534,654

$5,621,504

$83,780,563 $116,266,244
343,196,459 407,556,700

Total 51 weeks $434,718,848 $506,690,283 $421,977,022 $523,822,944

The follow ing is a statement o f the exports (exclusive o f
specie) from the port o f N ew Y ork to foreign ports for the
week ending Deo. 28 and from January 1 to date :
EXPORTS PROM NEW YORK FOR THE WEEK.
1895.

1896.
For the w eek ..
$5,270,605
Prev. reported 377,387,936

$7,470,065
334,639,203

1894.

1893.

$5,951,203
346,788,567

$6,920,860
364,083.756

Total 51 weeks $382,058,541 $342,109,268 $352,739,770 $371,004,616

The follow ing table shows the exports and imports o f specie
at the port o f N ew York for the week ending Dec. 26 and
since January 1, 1896, and for the corresponding periods in
1895 and 1894:
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
|

Exports.
Week.

Great B r ita in .........

Since Jan. 1.

Imports.
Week.

Since Jan.X.

All other countries.

$12,089,760
8,357,541
$1,440 27,003,506
57,500
1,048,596
62
5,000
2,850,417
83,000

$ ............ $43,682,838
8,942,498
19,991,918
1,960
8,574,346
264,352
20,488
1,291,183
97,428

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

$63,940 $51,432,882
2,314,574 99,256,236
861,500 95.152,693

$22,448 *82,844,563
151,566 25,843,588
14,665 16,547,343

Germany..................
• December 20.
West In d ie s............
Messrs. Pixley & Abell write as follows under date of Dec­
South A m erica.......
ember 17|:
Gold—There has been no decrease In tli-i demand foe gold, and som e
small amounts have been taken from tho Bank In addition to the
amounts on offer In tho open markot. The Bank has sol t £2 3 ,0 0 0 . No
further sum s have oeen withdrawn for rlie East. A rrivals: West
Indies. £32,0 0 0 ; River Plate, £ 112,000; New Zealand, £ 5 ,0 0 0 ; Bom ­
bay. £ 4 3 ,0 0 0 ; V atil. £ 1 4 9 ,0 0 0 : Chill. £ 1 ,0 0 ) ; total. £347,000.
Shipm ents: Bombay, £ 60 , >00; Egypt. £323,000; total. £383,500.
Silver—Following our report of last week, silver hardened to 30rl.,
and has since then remained unchanged. The market oleses to-day with
perhaps a slightly weaker outlook. Arrivals: New York, £ 184,000 :
West Indies. £21 ,0 0 0 ; Chili, £63.000: total, £273,000. Shipm ents:
Bombay, £ 4 6 ,0 0 0 : Japan, £ 15,000 , total, £6 1 ,0 0 0 .
Mexican D olla rs-A lth o u g h sttll inquired for, the price is hardly as
good as reoently, and 29 %d. is about the best to bo had. About £ 3 8 ,OOO name from Vow York and £4 4,300 has been sent to Chiua and
the Straits per P. <fc O. of l l t h Inst.

South A m erloa.......
All other countries.

The follow ing shows the imports of oereal produce into
the United Kingdom during the first fifteen weeks o f the new
season compared with previous seasons:

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

Silver.

Exports.
Week.

Great B r ita in .........
France......................
Germ any..................
West In d ies.............

Imports.

Since Jan. 1.

$786,500 $47,367,617
3,731,689
85,470
""306
412,822
13,062

Week.

Since Jan. 1.

123,061
2,771

41,754
1,790

$13,277
6,613
9,935
399,929
911,869
1,449,036
98,440

$816,069 $51,723,466
1,000,800 38,904,210
087,025 33.970.197

$47,814
5,052
7.668

$2,889,099
1,776,450
1.696.337

15,200
1,000

* .............
4,270

THE

80

[V ou LXLV,

CHRONICLE.

• i t * MX*.

(*• .tS

- ’

e s td

i t • W O *'.

in v e n t.- .- .

r k j,* M « * lU r ir t ofctigftilM l « f tfc* OB? o f
,lt * S.-.B* . i f « a ! O i 1j *n-J
- M r * * * . U m ^ m f Ffalfe
f |„

KK'ti C V tll l

< ru < h i* cat.***!. 5 j * r w o t bo o d l* .

€*€
f& t

The

r;:.

-

V-.

-M -

fpsiuxr, uf tits £tuo$bl#t»

s t o c k H s h & f t & g * l i t i n * - t u p ’-U lB Cm
t l j

*i tit* r*4 of the year w to#

of Mr. WiUiMB » ,

IX tff f n n i t f # Ih m o f Moore & Schley xnd the odm iM ioo o f
M r. O « M ft K. ChaDcar to tnMtib<T*hip in th * **ra# firm .
— M r. s

i . I* » a «

snnom c#*

to

v i - x t - a o t e o i 4 «n n U u i t k *
. ti,M o f JMWK»tU«# th a t

u Mv-j.fM'ed ! . Ira i.> in t il- r * r io n .
lu v * ••v -s tiy u»
>r«- r»jrg*nis% U ott, a* w<!l a* ati o th e r
i t * r i i « railroad w t m i l i n .

—
■M.a r». i u 4 mi>1)4,
o(!*r January investor* a
cliufev v i *!•»!:; ra..r j*4. tiactu'ti company and o»anty an a
W i - d - .,
a d» t a l k 'd
f o u n t can i* « « x iii.

h»i

t

M lm o d

w u rltifs

w tll

he

. l i w o . r'» r* -> n , I . R -h A O o . 'a J * a a * * r l i s t i s r e a d # a n d
*8U» ? -• h a u l n u u p p i i c w t i c m a t t i i t - i r o tf f •*•*, ? W a l l S t r e e t , S # w
Y o r k , a n d I I S I V a r tx x n S t r e e t , C h ic a g o ,

— i l M i a W iu a ix v , l.tu t. r A Co. w ill p a r dividends on a
BueMwr o f • •• iritsi-e, h *t o f n iitch w ill be lO Unl in a n o th e r
c o lw te n .
— T h e c * iu j« > n * a n d d i v i d e n d s p a y a b l e a t _t h e o f f i c e o f t h e
F a n - . i n - ' L o » f t a n d t ' m * t C o m p a n y a r e » < } » e n » * -d i n t k i a i a n t e .

a

n , . a d d u ir , f l s . t r , « Itrw o a h t l ‘ r..m !*« *» IS. — The*
ajsat**i «*•■!!t# i»>i.:,w ar«, prepared by us fro m th e ttguroa of th e
jir» - ‘t o r*; Fr.»i'.!-.-■*? B't.ow nge. ‘tVa ftrwt g ive the receipts at
W*s#twro lake and r in - r
arranged ao tmto presect tb #
UOiaparaiiva m ovem ent fo r the week e n ding Deo. 26, 1896,
a n d > itto e A u g u s t i , f o r e a o h o f t h e l a s t t h r e e y e a r s :

ftw .

mjm*.

CXensr •
Ml*******

..
!*v*

tw o *«is*

»

uum*
t.m-"

. ...

tMM*.
H M wHfc*t4
w,*t»
WtmmJ w&l
1mm ... I W f l %

njmm

i® * .....

HarifY,
£%$£»,
UufA. asf&i &WlkJ$2tb* BusA Hit.
4S4,i^d S»JU, i j i i 4fli s*».*w
tl^ lj
mum
114.900
ttfl.tkff
U 0.O6A
«l,8t 7
M-w
MMM
4ft,MR UiMOM
■ i %jm
10.911
§r*M
9,T«S
iJKtlf
•
9IM M
mjm
12
lift,#0®
iflV.tsu
n,&m
m$*mx m/m
IM M
.....
m t sm ,m <»4,047
a ‘ fjyitii!
ij
#77,099
I .W # , S,I7#4 l^

nvt

48,505
40,400
46.47#
4.700
2,100
6,000

164,181
76,401
48*74&
m$wjm 4,4X9,011
0?(S£#8U
2,179,772
mji t.s«4 1*819,806

IflU U lB

mmm&s
I»«** fSm .*

86,

l*s'8S, fo llo w :
fa nNa
jn jo fl
I4 ii»

«*

tS 5 S t£ % S
h% >«
•.

M ja o
4

M # »*|

W**** i

*

^ -i*

•m u
JM s#
igia@

0<b

j.,,

- v*

|

fa S
W .M
mM?
m t
470,478

bush.
it,m b
w .v-p

S it,960
1,608

B ye,
bm h.
43,875
ijm
71,405

«,7#0

f

.00

AfiOM

'

378*251
1V5.526

“ ‘t U k 6 M l
Bye,
« r
bush.

bush,

3.780.000
107.000

431.000
39.000

350.000
S0-J.W0
assaoeo
1M . 0M
S.S00

341,000
2O2.0C0
4.756.000
32.000

ihr-.'tm
95.0 0
1,0? 7.00c

9 4 ,0 0 0

250.000

' 8 9 ,0 5 P

5 .000

397.000

168.000

178.000

110,000

M .ood

T£00&

87,000»

335,000

* 61,000

iao.ooo
14.000

13.000

" 0.000

120,000

*38,000

138.000
40.000

16,000

52.000

w

120.000

11.000

22.000

40,000
2,124,000

2€«,OO0

447.000
530.000
108.000
lOfl.000
475.000

85.000
1.305.000

55.000
145.000
180.000
396,000

83.000
1.738.000

150.000
1,407,000

202.000
10*,000

a a t.u w

21.000

............., . i # , m o o o
O b M I,* ;,,5pp! H IT,.....................

10.000
. 00

1,000

57,(00

12,000

187,000
50,000

04.000

3.996.000
2.831.000
1.553.000
445.000
583.000

1.875.0 0
6,130,OOP
8.702.000
8.093.000
2,2)9,000

746.000
19,000

160,000

1,848.000
317,000

369,C ”
. 8,000

109.000

1,496,000

Ob M M I n d r i v e r l . !

f
o a f,

50.000

'a-:»rlA.

D ec.
n*«,
Woe.
B «

S

i,m,ooo
2S3.O0C

^
“f
8 aI U m o r s . . . . . . . . . . . . .

............
18,893.000
18.- 73.000
6.817,000

W ,1 * X > .5 U « .0 0 #
H i.tw rt . :..i*3.ooo
<< W M .» . » » . « »
S9.1SS1* ,89,6*1.000

3»K

fetal Use. 8«,rs«.8 m o w

s

13.470.000
12.434.000
0,463,000
0,002,000
3,770.000

* i itw exo —l m i a volt’s blvtkB; tWa week’s not received.

City Hftflroad Secarities—Brokers’ Quotations#
B ta. A sk .
D, D. 3E, B . A B a t ’y —S tk . 1 6 0 168
l » t , g o M , 5 s , 1 8 B S .J S D 1123,1..........
S c r i p ................................... 5100 103
a i g h tf i A v c a n e —S t o c k . .. 3 3 0 350

A l l a n . A t ©., 0 ‘k l v n

C o n , 6§, g „ 1 0 3 1 ..A A O
Leapt. 5*. g „ 1 0 3 4 ..J A J
R le ek , S t.« f e F a L F ,- B t k .
1 s t ra o rt-, 7e, 1 9 0 0 .JtfcJ
B ro o A ijn
j n lia p id T r a n s i t.
& 7 th A r a - s t o c k .
S 'w a y AT
r a oo r t ,. ,. 5 a ,. 1 9 0 4 .J & D ^1
Il«n tm
2 d m o r t., 5 s, 1 0 1 4 .J & J $ lu
B 'w a y 1 s t ,5 s ,g u a r ,1824 ^ 11
Sd 5 s .in t.a s r e n t ’LlSO S ^104
O o n to l. 5 s , i9 4 3 ...J A D ! 117
B ro o k ly n C ity —S to c k ,... 174
C o n so l, 5 s, 1 8 4 1 ..,J A J * 113
B k ly n .C r o s s ttn 5 s .l 9 0 8 | 101
B k r n .Q * n » 0 o .A 8 a b * ls ti 100
B k ly n .G . A N 'w t’w n —S tk 160
6». 1 9 3 0 .............. . . » .........31Q73a
O s n ir a i C r o s s t o w a - S t k .- 200
i h t BC.l 0a1 1 0 3 t,..M & N 3105
C e n .P k . N .A E .R iv .- S tk * ......
C o n so l, 7 s, 1 0 0 2 .,,J & D

OOlumbtU ik 9til Av®. Sa.

O tu ia t'p ’rxfclOth st,* -S tk *
1 s t ia o rt.,1 8 0 8 . ..A A O
} A nfl a c c rn e C I n t e r e s t .

110 ;112V

S c r i p , 6 a , i B 1 4 ...................

i 2 d & >ir. S t P e r . —S to c k

320

« . i . r ; L . i f a i ! . & S t .K . A T .

-335

l o t m o r t. 6a, lS lO .M A S , f ils '" °
2d m o r t In c o m e 6» .J & J
liO x .A v e .& P a v . F e r r y 5 s . I I S 's 11
106
M e tr o p o lita n T r a c t i o n . .. 1 0 8 ,10S»4
1171* N in th A v e n n e —S t o c k S e c o n d A T e n n e —S to o k .. 111 b r
l« tm o r t,6 » ,1 9 0 8 .M & I .- 1 0 6 b 1-08 b
D e b e n t n r e 5a, 1 9 0 # . J & J 102 104
192 . . . . . .
S ix th A v o n n e —S t o o k , ......... T W ril A v e n n e —S t o c k .
^
110b
1 s t m o r t., 5a, 1 9 3 7 .J A J I I
T w e n ty - T h lr a S t . - S t ' k .
7 8.0 0 . . i o r
110
D el). 5 s , 1 9 0 5 ........ .
165
U n io n B y —S t o c k .
- 1 9 4 2 .......................f
...,
1 s t 5a,
1i0 1r V'-"102
............
b il
W e a to h a s t’r , l a t , g a . , 5 a . i5 1 0 1 3a Hi*

11(5 7
f fl ii55

Has S ecu rities—Brokers’ Q uotations.
GAS 0O M PA S1B 8.

B id.

A sk .

N. V. A Bast Biv. 1st £

h r ir
I r 06

C om m on.......................
Oonaol. 6 s ...................

B id .

G A S O O M P A N IB S .

89
80
Bona*............ .
105 b
10,5
C entr*l..................... .
C o n s u m e r ,’ (J s r a e y C ity ), i 71
" 77**1
B onds......................
100 104
180
MotropoIS t» n -B o n o s .
105
M tW HBlfN. Y ............ .
230*

!

A sk .

p 6o p l 68f ( J e r s e y C i t y ) , - .
175
W im a m e o iu 'g 1 s t 0 s . —- as*
Fnlt-on M u n ic ip a l 6s ......... 105
E q u i ta b l e ............... —
... 189 196
105
B o n d s, 8s, 1889
S t. P a a l ................. ............
B o n d s, 5 s ........................... 79
S ta n d a r d . p re « .............
C o m m o n ............................
!>
W e s te r n G a s ................. . . .
B o n d * , 5 s ............. . . . . . . . .

306
8

I f

gftufetttg and g'iimiicial.
Spencer T ra sk & C o .,
BANKERS,
* T Sc * 9 P I 5 * E S T I 1 E E T ,

-

-

NEW

65 Slate Street, jLlbany.

I N V E S T M E N T

YORK.

S E C U R I T I E S .

S am uel D. D avis & Co.,

T b # f i t w f t * fro m tb #

■ v . ...u i i . - a l v . a r d p o r t s f o r t h e w e e k
a re s h o w n in th e a n n e x e d s ta te m e n t:
p « l,
JN %
M wC
6»#5,
1,010 Jt-'vlTS
-M ja #
S.C454
3 * .m
»,&53

S

7 «,54 5,000
,» S34.O90
rtM y » ao o o
50/;00
„ 850,000

tnOAl*.
AftO*». .
_ _JI
B o itOtt
t t o a ....
m hito...
o.
TonM
M OOtTMU..
at •
’

117,0 $0
$M 5

l u u a e I I n tasftt t a b l e f r o m J a n # 1
m m l H w m f o r f o u r y fe a rm t
tm m .
xm s.
i«p*
4#,076 051
v«Ak m j m j m
io,AA|«?H
0S.«55,53|
mMMMX
*
m n 4m »
68,l»7^ IHi,
mMmMi
* w :?/*%» «.i t
4A.S 19*4(0
u .a m .m ?
Mt 4M i;3§
M 12. 1ft.IS®
4.042.716
6.0HM43
*
C liljfli
$t%MW
1,130,10*
m m v jm
iM M ix m
31M 5561

^

'km h ,
e.iwa.ooo

ft

sra4i* P***t®$ i$ m m & N #w GrlmnM t m t"i*m t m
* in-Hays,

I t !

t

irte & t,
bm h.
. 6,1*54,O*»0
., S*5,000

foidMjo,*.,...
l)e
- . .
0«A«9tt ...........
Po Afloat#*
Tiw«#c*.... .

* "A*! r
l
y*
tf* f ltw y , p|^i i .* .ft,ARA

I©

e

2,79»
5,000

96* 13* 1«M?0 1,151,048
& $$ SgB «

m t S £ P' **«J 0At
4U(r*«0B**..*#..
Po
Afloat
........ t ® i # o
OO
AflOAt
^ 4;OS,W>3

T o ts!
rcu .
T«*».
T*«

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

443:9 107.37S

»

P r e f e r r e d .................. .

M s& m
tm jm

,,

lft£,$S3

s

T h e r w - v n v t* o f i i m i r a n d < r a i n a t t h e s e a b o a r d p o r t s f o r t h e

tra c k « a i* d Oac.

3

.

i n *t*»# *<—
* • * tflCfc**a#**a«
IS#
A lte r r

— > fv,#»r*. y . W , | { « r r » A C ..,, w i l l p a y d i v i d e n d * o n a n u m b e r
o f a x c u ritiM ,
w h i c h w ill b » f o u n d in a n o t h e r c o l u m n .

MmmtltSt -•

u

,w
f'SSAi.

* « VI ) * K * * *•*, ;,« « • «
- :y !e;
- &»i-n,*<>•
* >
-} car* xr#

- 4 rs, r. ^ li-.* £ in * 0 £ v n 1 0

W

.
i l l # t i m i n g m ! t l i $ | W asa
♦*« , w # r # g m > o s t I §*tL. H i A.* ©Or**

tiff

fliM ^ifli t o e a r l * * t b a a * . p i t #

y v i i f »y t

C o rn .---------- W eek S in c e S ep t.
*tv**
* t ' se w * s m . . w « i ’
Dec. gfl,
1. ISO®,
t. *##«.
o
«
•«
J-*
t?
*
8
IWMJ
WW!t,,
hmh.
bush.
bush.
fcmh..
3J - l - n - M » »*. s o w m » * .> ;« ;.» « u s - m s g
• •.11‘it,
t> ..«•» 'M12.169
«.w «w.®H
-i,l
.r
l.'S
3
fit),004
js t

ref
**s*i©.:*
« . « » r«*

• mT W O n
Dl^ps.
m . 44.
wXMMtrM
_____________ J fa & A .fa b
« „ » S k in jd # *

BANKERS,
NO, 36 W i l l S T „ N E W Y O R K .
S

am uel

•« O k O *

D. LU

v is

.

UAWJLkT M o r * A T .

Ch

a s.

B. V

an

N

ostra nd

A l .S S S .N )) * n M . W H I T * . J X

t
Sc W h i t e ,
BAn KEm »,
30 H U 1 X T B B B T
N E| W Y O 9 H,
HN V E S TIM EIN Ti S F C U!R I T I E

M

o

f f a

,

THE CHKONTCLE

January 2, 1897.J

31

Posted rates of leading bankers follow:

b a n k e r s ’ (g a z e tte .

December 31.

D I V I D E N D S .
Xame o f Company.

Per
Cent.

R a ilr o a d s (S te a m ).
2%
Boston & Pror. guar, (qnar.) .. .
*3
Central Paoific ............................
5
Connecticut River ................—
Northern of New J ersey ..............
%
4
Norwich & Worcester p ref..........
1* )
P. Ft. W. Sc C. spec. guar, (quar.)
..
..
.< Teg
•<
«
l* s
2^3
Pittsfield Sc North Adam s...........
3
Portland Saco Sc Portsmouth ...
Southwestern ( G a .) .....................
2k!
3
Texas Central pref. (annual) —
3%
Ware R iver....................... ..............
S tr e e t H a llw a y s .
Hest. Man. & Fair. P (Phila.)com
.<
..
..
..
pref.
H
1
N ew Eng. St.(S.IIav.,Conn.) (qu.)
2
Newton (Mass.) Street (quar.)...
3
North Chicago (quar.)...................
B an k s.
3
Continental N ational....................
4
Eleventh Ward............................ .
F ifth National ...............................
I |
“
(extra). ..............
2%
K ings County (Brooklyn)............
6
Mechanics’ (Brooklyn) ..............
3
Mechanics’ Sc Traders'.................
6
W est Side..........................................
.T H s c e lla n e o n a .
American Tobacoo common ___
l \
“
pref. (quar.).
Edison Elec. 111. of N. Y. (quar ).
IV
4
Mosler Safe, pref.............................
4
N ew Orleans G a s ...........................
3
Old Dominion S 8 ....................... .
P ennsylvania Coal (extra)...........i 5
Rhode Is. Pet k. H ’aeshoe pi. (qr.); 1 %
Texas Sc Pacific Coal.....................1 1

When
Payable.

Sixty Days.

Demand.

Prime bankers’ sterling bills on L ondon.. t 84 -2)4 8 4 ^ 4 87 ® 1 88
4 83 -®4 83*4
Documentary com mercial........................... 4 82i*3>4 83
Paris bankers’ (francs)................................. 5 20 3>5 195.6 S l S ’ie 'S S lS is
Amsterdam (guilders) bankers................. 39i51ft®40
4031«'a>4034
9 5 7s 3>941516 953g2>957ig
Frankfort or Bremen (rei ohm arks) b’kers

Books cl(
(Days incl

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

1
1
1
15
6
5
1
15
5
15
6

---------- to
---------- to
---------- to
----------to
Jan. 17
---------- to
---------- to
---------- to
---------- to
Dec. 20 to Jan. 5
Jan. 1 to Jan. 15
---------- to

Jan.
Jan.
Jau.
Jan.

15
15
15
15

Jan. 10
----------------------------

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

4
2
2
2
2
2
2

Feb.
Feb.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.

1
1
1
15
2
24
15
20

to Jan. 15
to
to
to

The follow ing were the rates of domestic exchange on New
York at the under-mentioned oities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying % disoount,
selling % prem ium ; New Orleans, bank, par; commercial,
$1 50 discount; Chicago. 40c.@60i. per §1,000 premium ; St.
Louis, par@25o. per §1,000 premium,
United States Bonds.—Government bonds have been
strong on lim ited sales, which at the Board include $93,000
4s, coup., 1925, at 119% to 120%; $27,500 4s, coup., 1907, at
111% to 112%; $23,000 4s, reg., 1907, at 109% to 110%;
$5,000 5s, coup., at 114; $1,500 5s, reg., at 113% to 114, and
$10,000 2s, reg., at 95%. The follow ing are closing quota­
tions :
Interest
Periods

Jan. 1 to
Deo. 19 to
--------- - to
Deo. 29 to
Dec. 25 to
---------- to
Deo. 25 to
Jan. 16 to
Jan. 15 to
--------- to
----------to
Deo. 16 to
----------to
---------- to
Jan. 1 to Jan. 20

Dec.

26.

Dec.

28.

Dec.

29.

Dec.

30.

Dec.

31.

* 95 * 95
95i* * 95i*
2 s , ...................... reg. Q.-Moh.
1097s 1 1 0 * *110
1 1 0 ‘s
4s, 1 9 0 7 ............. reg. tj—J a n .
1121* 112 ^ 112
112
4s, 1 9 0 7 . . . . . . .ooup. Q .-J a a .
4s, 1925............. reg. Q .-Feb.
*1191* "1191* *119% *1197s
1203s
4s, 1925.......... ooup. Q .-Feb.
119* 1197s 120
n
D
114 *113% *113% *114
5s, 1904............. reg. Q .-Feb.
"1131* *113* 114 *114
5s, 1904.......... ooup. Q .-Feb.
6s, our’oy,’9 7. .reg. j. * j .
* 99% * 99»* *100 *100
6s, our’ey,’9 8 ...r e g . T. & J.
> *102% *102* *102* *102%
*105 * *105i* *105=8 *10.5%
6s, onr’o y ,'99...reg. r. * j .
*102 *102 *102 *102
4s. (Oher.)1896.reg. Marob.
*102 *102 *102 *102
4s, (Cher.) 1 897.reg. March.
"102 *102 *102 *102.
4s, (Cher.)1898.reg. March.
*102 *102 *102 *102
4s, (Cher.)1899.reg. March.
* This is the prioe eid
tne morning ooard. no sate was moas.

Jan.

1.

a
0
r*
>

5

United States Sab-Treasury.—'The following table shows
the daily receipts and payments at the Sub-Treasury during
The Money M arket and Financial Situation.— Business the week
in W all Street has been on a lim ited scale even for the clos­
Balances.
ing week of the year. Investors seem disposed to w ait until
Receipt!.
Payments.
Vale.
after the January first settlements have been completed
Coin.
Coin Cert’s.\ Currency.
before commencing new operations. More bank failures
$
*
t
$
1
$
have been announced in the South and West, but they are
2,705.679
Deo. 26
2,836,611 121,672,369
1,825,152 54.028,614
chiefly of small concerns which have been for some time
•• 28
4.745,120
2,303,976 121,657,147
2,146,900 56,161,232
regarded as weak and doubtful beoause of the character of
" 29
2,333,792
2,340,003 121,798,330
1,870,650 56,290,088
3,150,438
2,518,*42 121,927.07 S 1,742,062 56,921,528
" 30
their business and methods, and therefore do not reflect
“
31
4,096,012
3.641,554
122,069,“84
1,434,178 57,491,861
general business conditions.
Jan. 1
•HOLIDAY.
The European money markets are easier. Foreign exchange
Total 17,031,041 13,640,986
has been weak and rates for bills are lower than our last
report There is doubtless a large amount o f bills still held
by investors here and there is no apparent evidenoe of a
Coins.—Following are the current quotations in gold for
limited supply o f exchange for some time to come.
coins:
Railroad earnings continue in many cases unsatisfactory, Sovereigns. ......ft 85 ® $4 88
F ine sliver b a rs... — 6 4 7a a — 66
and are not an incentive to activity in railway securities. Napoleons ......... 3 85 ® 3 88
F ive fran es............— 93 ® — 95>«
X
X
Relohmarks,
4
71
®
4
7
i
Mexloan d ollars.. — 50*8® — 51 J,
Notwithstanding the present dulness in all departments,
Do unooin’o t a l ..-------® --------25
P
esetas............
4
77
1> 4 83
there are reasonable grounds for the hope that during the Span. D oubloons.15 55 ® 15 75
Peruvian so ls.......— 45=g» — 46ia
year now opening better results will be realized in all busi­ Mex. Doubloons. 15 50 ®15 75
English sliver . . . 4 80 ® 4 86
Fine gold b a r s ... p a r» % p rem
U. 8. trade dollars — 65® —75
ness circles than have been experienced in 1896.
The bank reserve has been augmented this week by the
State and R ailroad Bonds.—Sales o f State bonds at the
flow of currency towards this centre, although interest rates
Board include $5,(100 Tenn. settlement 3s at 81 to 81%;
are practically unchanged.
The open market rates for call loans during the week on $24,500 Virginia fund debt 2-3s o f 1991 at 62 to 62% and
stock and bond collaterals have ranged from 1% to 2% per $26,000 V irgin ia 0s deferred trust receipts, stamped, at
cent. To-day’s rates on call were 2 to 2% per cent. Prime 6% to 7.
The railway bond market has been relatively active and
commercial paper is quoted at 3% to 4% per cent.
The Bank o f England weekly statement on Thursday strong, lhe more active issues on the list have advanced an
showed an increase in bullion of £349,172, and the percent­ average o f 1 pier cent or more.
Of those which have advanced more than the average
age of reserve to liabilities was 44’29, against 48-39 last
week ; the disoount rate remains unchanged at 4 per cent. Atchison adjustment 4s, Mo. Kan. & Texas 2ds and some
The Bank o f France shows a decrease of 18,611,000 francs in o f the Northern Pacifies are conspicious. The active list in­
cludes Ches & Ohio, Burlington & Quincy, Rock Island, Mil.
gold and 5,314.000 francs in silver.
The New York City Clearing-House banks in their statement & St. Paul, Chicago & No. Pacific, Erie, Louisville & Nash­
of Dec. 26 showed an increase in the reserve held of $1,597,000 ville, Mo. Kan. & Texas, New York Central, Northern
Paoific, Ore. Ry. & Nav., Ore. Short Line, Reading, St. Louis
and a surplus over the required reserve of $24,309,900, against
& S. F., St. Paul M. & M., San Ant. & A. Pass, Southern
$33,274,725 the previous week.
Ry., Texas & Pacific, Union Pacific, Wabash and West
Shore bonds.
W A L L S T R E E T , T H U R S D A Y . DEC. 3 1 . 1 8 9 6 - 5 P . M.

1896.

_________ a
C apital.................
Surplus ................
Loans & diso’nts.
C ircu lation .........
N et d ep osits.......
Specie...................
Legal tenders___
Reserve h e ld .....
Legal reserve___

Dee. 26.
*

60,772,700
73,885,400
487.673.300
19,760,000
525.837.200
7 6 ,7 6 8 /’00
89,001,200
155.769.200
131.159.300

Differ en’tfrom
Prev. week.

1895.

Dec. 28.

$
S
................ , 61,122,700
..............
73,017,100
In c. 657,300 478,466,500
Deo
37,100' 13,926.700
Inc .2,247,300; 501,089,300
Dec. 483,600 67,114,200
Ino .2,080,800 74,097,800
Inc .1.597,000 141,212,000
Ino. 561,825 125,272,325

Burpln * reserve 24,309,900 I n c .1,035,175

1894.

Dec. 29.
$

61.622.700
72,028,200
492,647,000
11.294.700
549.291,400
73,760.600
98,831,100
172,591,700
137,322,850

15,939,675 i 35,268,850

Foreign Exchange.—The foreign exchange market lias
been weak under the influence o f easier money markets
abroad and a limited demand. The supply of commercial
bills has been fair and some investment bills have been
offered.
To-day’s actual rates of exchange were as follows: Bankers
sixty days’ sterling, 4 83%@4 84; demand, 4 86%@4 80%;
cables, 4 87@4 87%.

Railroad and Miscellaneous Stocks.—The market for
stocks as a whole has been dull and narrow. Stocks with
an international market have been generally w ell sus­
tained as the result of more activity and the tendency to
a firmer tone for Americans in the London market. The
principal features were Burlington & Quincy, which lost 2%
points on reports of a poor showing for November, a part of
which it has regained; Delaware & Hudson, which has de­
clined 5 points on rumors o f a reduction of the dividend;
Manhattan Elevated, which fluctuated over a range o f nearly
3 points, closing with a net gain of 2 points, and Reading,
which was strong on the expectation that the proposed new
charter w ill be pronounced legal. Other stocks of the rail­
way list have been steady on limited transactions.
The miscellaneous list has been relatively strong. A m eri-*
can Tobacco advanced on the declaration of a dividend.
American Sugar gained 2% points and lost it; Western Union
and Chicago Gas gained about 1 point each. Consolidated
Gas has continued weak on rumors o f possible adverse legis­
lation in the near future.

[ VOL. IA IV .

THE CHRONICLE.

il
S t W tO ttK s r w :
a ia tu n
itm 4

m ttr r * * r
I***. tt4-

U-%
t ;%
1

I
W4

i * i# ik

11%

'Id!
4^'%
#0

|

:
a iid lo w est

1.4%
m m

1#
* |# %

m
M
47*
tm

F rid a y ,
J a n . 1,

fi.
19% s-»% 13%
w s%
13
S J%
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%
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STO CK S.
A c tiv e I t I t . S to c k s ,
A t.T o e A H iV .iilllu e ta i. p a id
Do
p iv f
A tla n tic A P a c ific ............ ...
B a ltim o re A O h to .....................
B ro o k ly n R a p id T r a n s i t ..........
C a n a d ia n P a c ific ........
C a n a d a S o u th e r n ........
C e n tra l o f K ew J e r s e y .
C e n tra l P a c if ic ............
C h e s a p e a k e A O h io . .. .
C h ic ag o A A lto n .......... .
C h ic ag o B u rlin g to n 4 Q uluoy
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Do
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p ro f.
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E r i e .................................................
Do
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E v a n s v ille 4 T e rr e H a u te ___
O r e a l N o rth e rn , p r e f ............
Illin o is C e n tr a l............................
Io w a C e n tr a l...............................
Do
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:
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Do
1 s t p re f.
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2 d p re f.
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M isso u ri P a c ific ............................j
M obile ifcdhio...............................
K a tih v .C h a tta n o o g a& S t. L ouie
N e w E n g la n d .............................
N ew Y ork C e n tra l & H u d s o n .
N ew Y o rk C h ic ag o & a t. L o u is
Do
l e t p ro f .
Do
2 d p re f.
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Do
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D o p re f., v o t tr u s t.o tf s .
P h lla, 4 R ea d in g a ll I n s t p d .
P it ts b u r g C tn n . Ohio. 4 S t L .
Do
p re f.
R io G ra n d e W e s te rn ........ : ___
R om o W a te rto w n 4 O g d e n g b .
S t L o u is A lt. & T. H .,tr .r e e ts
S t L. & S a n !-T., v o t. tr. c tf s .
Do
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2 d p re f.
S t L o u ts S o u th w e s te r n ............
Do
p re f.
8 t P a u l 4 D u lu th ..
_______
Do
p re f.
B t P a u l M inn. 4 M a n it o b a ...
S o u th e rn P aolfio O o...................
S o u th e rn ,v o tin g tr u s t, o e rtif.
D o p re f., v o tin g t r u s t o e rt.
T e x a s 4 P a o lfio .....................
D illo n P aolfio tru s t, r e c e i p ts ..
U n io n P aolfio D e n v e r 4 G u lf.
W a b a s h ............................................
Do
p re l.
W h e e lin g 4 L a k e B rie _______
Do
p re t
Wlso. C an . Oo., v o tin g t r . c its .
M is c e lla n e o u s S to c k s .
A m e ric a n O o tto n O il O o..........
Do
p re f.
A m e ric a n S p ir its M fg. C o ___
Do
p re f.
A m e ric a n S u g a r R e fln iu g Co.
Do
p re f.
A m e ric a n T o b a c c o C o ..............
Do
p re f.
B ay S la te G a s .............................
C h ic ag o G a s Oo., c e rta , o f d e p ,
C o n so lid a te d G a s C o m p a n y ,.
G e n e ra l B le o trio O o...................
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Do
p re f
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P a c ific M a il,...............................
PIpu l .la o O orttfloatoB ._______
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S ilv e r B illiton Oftrlilfl e a te n ___
s t a n d a r d H o p e & T w in e .____
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prof.
U n ite d S ta te s R u b b e r O o........

R a n g e f o r year 1898.
Ute [O n A
o f ioo-s>iare lot*,J
W eek, .......... ................—...........................
S h a re * .
L o w e st.
i H ig b e e s.
5,248
8% A ug. 7 1 8 - N o v . 4
7 ,8 7 3 1 4 $ A tig. 7 28% F e b 24
30,i
% J u n e 10
1 N ov. 20
1,124 10% S e p t. 2 44 J a u . 27
.......... 18 A ug. 10 25% A p r. 23
.......... 52 J a r i. 4 02% May 27
837 40% A ug. 7; 51 % Feb. 10
1,481 87% Aug. 10 1 10 N o r . 4
2fi 13% A ug. 2 2 16% N ov. 2 7
2 ,3 7 0 11 A ug. 81 18% N ov. 10
8 1146 A ug. 11 164 N ov. 9
6 1 ,4 3 s 53 A ug. 7 83% N o v . 10
.......... 37% A ug. 10 43 J a n . 18
---- 9 0 A ug. 11 100% M a r. 5
3 8 ,4 9 8 59% A ug. 10 8 0 N o v . 4
7 2 2 )117% A ug. 7 131
D ec. 4
1,2 5 2 35% A u g . 10 106% A p r. 23
D ec. 31
3 5 0 140% A u g . 28 1 52
8,453; 49 % A ug. 7 74% F eb. 2 4
2 ,1 7 0 30 % A u g . 8 49% D eo. 4
..........117 J a n . 7 1 33 Doe. 14
710; 10% A u g . 8 39 % F e b . 10
1 6 0 7 3 A u g . 7 90 % F a b , 20
2 2 5 12% A u g . 1 0 20 % N ov. 1 0
......... 48 D e c . 18 6 0 J u l y 22
7 ,0 0 2 1 14% A ug. 10 1 2 9 % F e b . 11
110 138 A ug. 1 0 166 J u n e 5
Feb
4
10 A u g . 25i 1 4
3 7 A u g . 7 51 F e b 24
200 10% A ug. 7, 17% N ov. 9
45 2 7 J u ly 29 41% M ar. 17
1 3 A ug. 6 2 5 M ar. 16
10 2 4
A u g . 15 34% F e b . 24
1 03% M ar. 1 3 1 2 2 N o v . 24
2 03 84% A u g . 11 98 J a n . 3 1
9
5% A u g . 13 10% F e b . 7
2 8 8 19 A u g . 7 3 8 A p r. 23
1 2 ia A u g . 10. 22% F e b . 5
4 0 55% A u g . 8- 7 5 F e b . 7
101134% , J a n . 7 156 D ec. 8
521 40% D eo. 3 1 8 4 J a n . 7
8 ,1 0 4 37% A ug. 20 55% F e b . 24
% N ov. 25 10% F eb. 1 '
1 N ov. 25! 24% F e b . 13
1 5 ,153 73 % A ug. 13 1 1 3 % F e b . U
974 79% A ug. 10 1 14 N o v , IS
2 0 0 8 9 A u g . 2 0 97% F eb. 11
12 A u g . 21 21 % F e b . 21
5 4 A u g . 8! S3 F e b . 21
3 0 A u g . 1 0 ' 53% A p r. 22
9% A u g . 6: 14% N ov. 1 0
1,100
3 ,7 2 5 16 J u ly 2 0 31% F e b . 25
3 ,9 4 0 15 A ug, 71 29% A p r. 2 4
7 0 0 1 4 A u g . 1 0 2 5 J a n . 11
. 570 O c t' 2 §70 O c t
2
420 A u g . 1 4 5 1 % J a n . 2 8
2 9 4 8 8 A u g . 6 99 % F e b . 1 0
9 A u g . 11; 15 J a n . 2 2
5 u 67% J u l y 2 8 8 0 J a n . 2 2
2 0 A u g . 10 35 % A p r. 13
1 79 1 6 0 J u l y 2 3 1 8 6 F e b . 10
9 7 0 11% A u g . 10 *16%
'" N ov. 1 0
6 A ug. 11 11% J a n 31
100 12 A u g . 8 31% F e b . 6
1% A p r. 29 12% N ov. 1 0
""Yo 14% M ay 8 19% N ov. 10
1 ,6 4 2 12% D eo. 18 14% D ec. 3 0
6 ,7 6 2 30% D eo. 18 3 6 N ov. 14
4 1 4 D eo. 2 4 { 1 4 D e e. 2 4
2 6 7 35 D ec. 30 40 % D ee. 2
3 3 .1 9 5 *2% J a n . 7 31% N o v . 10
1,100 1 1 A u g . 7 18% Feb. 7
40 % A u g . 12 5 9 F e b . 2 7
1 6 F e b . 8 18% F e b . 1 0
100 1 08 S e p t 15 118 J a u . 3
5 3 A u g . 14 60% J a n . 3
5% D ee. 4
4 D ee. 16
352
156 34% D ec. 3 0 3 7 D e e . 7
111 12 D eo. 22 14% D eo. 4
5% F e b . 7
2% A u g . 10
100
6% A ug. 7 13 F e b . 20
15 S e p t 16 27% F e b . 2 4
7 5 D eo. 8 9 1 F e b . 10
10 5 A u g . 11 1 1 5 J a n . 14
8 60 14 N o v . 6 22 % J a n . 14
6% A u g . 7 1 1 % N ov. 1 0
3 ,1 3 2
4 ,0 3 i 15% A ug. 8 33 % F e b . 25
5 A u g . 7 12 NOV. 1 0
3 32
3 % J a n . 7 12% N o v . 4
4,2 6 1
5% F e b . 13
1% A u g . 2 9
100
8 N ov. S
4% A u g . 7
760
1 ,4 5 0 11 A ug. 7 19% F e b . 24
5% A ug. 27 13% F e b . 14
2 4 ,5 5 2
100 20% A ug. 8 40% F e b , 13
4% F e b . 24
1% A ug. 21
500
1,883
160
8 1 ,9 4 5
167
2 5 ,257
710

1,120
9 ,9 9 0
5,304
4,3 9 0
25
41G
3 03
6 85

8 J u l y 20
3 7 |f u g . 10
4 b f l u g . '7
1 5 % ‘O c t. 20
9 5 A ug. 10
92% A ng. 8
51 A ug. 10
9 5 A ug. 4
7 O o t 16
44% A ug. 8
13 3 A u g . 10
2 0 J u l y 16
16 A u g , 10
75 A ug. 27
3% A ug.
15% A u g . 7

-151 138
62%
"aid 8%
1,000 13
2 ,4 7 0
5%
1 6 ,1 3 0 41%
1,638 14%
781 65
W e s te rn U n io n T e le g ra p h . . .
0 .7 7 7 72%
I B e fo re p a y m e n t o f a n y I n s t a l m e n t

A ug.
N ov.
D ee.
J u ly
J u ly
A ug.
A ug.
O ot
A ug.

14
20
16
10
8
12
10

19
69
14%
33%
126%
105%
95
105
33
78%
168
39%
28%
92%
6%
31

Jan.
Feb.
N ov.
N ov.
A p r.
June
A p r.
N ov.
M ay
N ov.
N ov.
M ar.
A p r.
N ov.
Feb.
Feb.

104
70
12%
34%
11%
69%
29
89
90%

Feb.
F ell.
N ov.
Fob.
Feb.
Feb.
Jan.
Jan.
N ov.

7
11
19
25
21
12
2

6
5
7
24
13
21
19
2
10
11
24
27
10
8
14
18
16

11

THE CHRONICLE.

Janu aby 2, 1897.]

33

NEW YORK STOCK EXCHANGE PR IC E S (C on tin u ed)—IN A C T I V E S T O C K S .
I n a c t iv e S t o c k s .
U I n d ic a te s u n lis te d .

D ec. 3 1 .
B id .

R a i l r o a d S to c k s*
A. c a n y <fe S u s q u e h a n n a .......... —. 1 0 0 1 7 0
83,
A n n A r b o r .................................................1 0 0
22
P r e f e r r e d ................................................ 1 0 0
3
B a l t . & O . 8 . W . p r e f . , n e w ...........1 0 0
B o s t o n <fe N . Y . A i r L i n e p r e f . . 1 0 0 1 0 2
15
B u ffa lo R o c h e s t e r & P i t t s b u r g . 1 0 0
P r e f e r r e d ................................................1 0 0
B u r l . C e d a r R a p i d s & N o r ............1 0 0
C h i c a g o G r e a t W e s t e r n .........................
J 4 7e
C l e v . L o r a i n & W h e e l , p r e f ......... 1 0 0
C l e v e l a n d «fe P i t t s b u r g .................... 5 0 1 6 0
8
D e s M o i n e s & F o i D o d g e ____ . 1 0 0
50
P r e f e r r e d . . . . ...................^ ................ 1 0 0
D u l u t h 8 o . S h o r e & A t l a n t i c 1 1 -1 0 0
3*s
P r e f e r r e d H ........................................... 1 0 0
35
E v a n s v i l l e A T e r r e E l. p r e f ..........5 0
F l i n t A P e r e M a r q u e t t e .................. 1 0 0
P r e f e r r e d ............................................... 1 0 0
4
K a n a w h a <fe M i c h i g a n ......................1 0 0
2
K c o k a k A D e s M o i n e s ..................... 1 0 0
13
P r e f e r r e d ................................................ 1 0 0
7
M e x i c a n C e n t r a l ................................ . 1 0 0
1
M e x i c a n N a t i o n a l t r . o t f s ............1 0 0
1
6
3
*s
M o r r i s & E s s e x .................................... 5 0
IT. Y . L a c k . A W e s t e r n ....................1 0 0 1 1 8
N o r f o l k & S o u t h e r n ....................... . . 1 9 0
N o r th . P a c .. J . P . M . A C o. c tf s .1 0 0
P r e f e r r e d ................................................ 1 0 0
O n i o s o u t h e r n ....................................... IO C
O r. S h .L in e A U .N .t r .r e c .,a l l p d .1 0 0
2
P e o r ia D e c a t u r A E v a n s v i l l e .. 1 0 0
P e o r i a A E a s t e r n __________ _-. w. . 1 0 0
4
P i t t s . F t . W . A C h i o . g u a r ............1 0 0 1 6 0
P i t t s . A W e s t , p r e f .................................5 0
R e n s s e la e r A S a r a t o g a .........x o O
181
B i o G r a n d e W e s t e r n p r e f ............1 0 0
20
T o l e d o A O h i o C e n t r a l ..................... 1 0 0
P r e f e r r e d ................................................ 1 0 0
50
T o l . S t . L . A K a n . C i t y IT................. 1 0 0

A sk.

| R a n g e (s a le s ) i n 1 8 9 6 .

L o w e s t.
170

10*3
24
6

105
21

61

J u ly 183*8
A ug.
11*4
A ug.
2 9 78
Feb.
7
O c t. 1 0 2
Jan.
25
M ay
62*3

4
36
155
5
51
3Sj
10*4
37
13

O c t.
A ug.
Jan.
A ug.
A p r.
J u ly
A p r.
D ec.
Feb.

180

D ec.

32
75
6

June
A p r.
Feb.

6*4

M ay
Feb.
Feb.
Feb.
M ay
M av
M ay

10^8 J u n e
54*3 M ay
162
M ay
9
9*3 J u n e
60
June
5
6
Jan.
10
14*4 F e b .
45
50
Feb.
16
Feb.
43
Feb
6
6*8 M ay
8
Jan.
2
Jan.
3
3 *4 M a r.
12
J u ly
15
18
Feb.
9
12
Feb.
6 Sl A u g .
\ M ay
2* 8 F e b .
i* i
____ 1 5 0
A ug. 1663* F eb.
Jan.
100*4 A ug. 1 2 0
......
63*4 S e p t.
70
M ay
1 6 7s N o v .
*4 M a y
10
A p r.
285& N o v .
5
18*8 N o v .
1 4 June
3
3 78 F e b .
3
Jan.
8
7* 3 N o v .
150
A ug. 166
D eo.

___

35
75

183
46*4
35
75
5*e

D ec.
Feb.
M ar
A p r.
A pr

D ec

I n a c t iv e St o c k s .
1f I n d i c a t e s u n l i s t e d .

H ig h e s t.

17*3
7
100
10
51

(% In d ic a te s a c tu a l sales. )
B id .

m is c e lla n e o u s S to c k s .
A d a m s E x p r e s s ......................................1 0 0
A m e r i c a n B a n k N o t e C o 1f . . .
A m e r i c a n E x p r e s s ..............................1 0 0
A m e r . T e l e g r a p h A C a b l e ............ 1 0 0
B a y S t a t e G a s I T ................................... 5 0
B r o o k l y n U n i o n G a s .......................... 1 0 0
B r u n s w i c k C o m p a n y ........................ 1 0 0
C h io . J u n o . R y . A S t o c k Y a r d s . 1 0 0
C o lo ra d o C o a l & I r o n D e v e l . . . l 0 0
C o l o r a d o F u e l A I r o n ......................1 0 0
P r e f e r r e d .......................................... . . 1 0 0
C o l. A H o c k . G o a l t r . r c t s . a l l p d . 1 0 0
C o m m e r c i a l C a b l e ............................... 1 0 0
C o n s o l . C o a l o f M a r y l a n d ............1 0 0
E d i s o n E l e c . 111. o f N . Y . _ . .......... 1 0 0
E d i s o n E l e c . 111. o f B r o o k l y n . . 1 0 0
E r ie T e le g r a p h A T e le p h o n e ..1 0 0
I l l i n o i s S t e e l . ...........................................1 0 0
I n t e r i o r C o n d u i t A I n s ....................1 0 0
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
M a r y l a n d C o a l , p r e f ...........................1 0 0
M ic h ig a n -P e n in s u la r C a r C o .. .1 0 0
P r e f e r r e d ................................................1 0 0
M i n n e s o t a I r o n ......................................1 0 0
N a t i o n a l L i n s e e d O i l C o ................. 1 0 0
N a t i o n a l 8 t a r o h M f g . C o ............... 1 0 0
N e w C e n t r a l C o a l .............. .................. 1 0 0
O n t a r i o 8 i l v e r M i n i n g . . . .............. 1 0 0
O r e g o n I m p r o v ’t C o . t r . r e c t a . . 1 0 0
P e n n s y l v a n i a C o a l . . . . .................... 5 0
Q u i c k s i l v e r M i n i n g .............................1 0 0
P r e f e r r e d ................................................1 0 0
S t a n d a r d R o p e A T w i n e C o ___ 1 0 0
T en n essee C oal A Iro n , p r e f ... 100
T e x a s P a o i f l c L a n d T r u s t ............ 1 0 0
U . S . C o rd a g e , g u a r., t r . c e rtfs .1 0 0
U . 8 . E x p r e s s . . . . ........................ . . . . 1 0 0
1 W e l l s . F a r v o E x p r e s s ..................... 1 0 0

R a n g e ( s a le s ) i n 1 8 9 6 .

31.

L o w e s t.

A sk.

150
155
135
A ug.
40
43
109
105
A ug.
i n
J90
78
A ug.
7
O c t.
J U 3 s i’i'4
185
7 5 *q A u g .
*2 F e b .
%
%
86
A ug.
H J u ly
1
*3
124
1458 Aug.
90
M ay
4
4%
38 J u l y
1 6 2 1* A p r .
172
150
35
40
30
M a r.
Jan.
1 0 0 * 3 1 0 2*« 8 9
96
S e p t.
58
O c t.
!6 5
33
A ug.
37*4 4 0
35
Feb.
124*4 2 4 * 3 1 7
J u ly
80
68
D eo.
75
52
D ec.
40
55
15
N ov.
58
N ov.
A ug.
52
55*3 4 0
14*« 11*8 D e o .
12 *4
4% Ja n .
5
4*4
5
A ug.
6
8
8
Jau .
19%
*4 J u n e
320
A p r.
310
l h A p r.
1*4
1 0 H D eo,
12
8* 8 D e c .
:9 3 »

_

___

5
12
35
80

45
98

40
94

H ig h e s t.
154:

N ov.

1 1 6 ' “M a y
97
M ay
33
M ay
96
N ov
l? i N ov.
105
D eo.
4*8 J a n .
34*4 F e b .
98
Feb.
6
D eo.
169
D eo.
32*8 M a y
1 0 1 ** D e o .
100*4 N o v .
67
D eo.
75
A p r.
35
Feb.
30
A p r*
8 6 Q A p r.
52
D ec.
15
N ov.
60
Feb.
72
Feb.
21*4 J u n e
7 Si N o v .
8 7s F e b .
15
M a r.
4*4 J a n .
340
J une
2*« N o v .
14
June
12*4 N o v .

Jan.
8 78"
A ug.
28
A ug.
48
A ug. 101

nov.
N ov.
A p r.
Feb.

I A c tu a l s a le s .

N o p r ic e F r i d a y ; l a t e s t p r ic e th is w e e k .

NEW YORK STOCK EXCHANGE P R IC E S - ■STATE B O N D S D E C E M B E R 31.
S E C U R ITIES.

B id .

A sk .

A Ia b *m *— Ol&a* A , 4 to 5 ____ 1906 1 0 4
CjlaM B , 5 b ...........................1906 1 0 4
96
C liss C, 4 s........ .........
1906
93
Oorrenoy funding 4 s........... 1920
Arkannae—6e, fond, Hoi. 1899-1900
do. N en -H ollord
7b, Arkansas Central B R ___ ...
LoulBlana—7B,oonB........... — i914
S t a m p e d 4 a .............. ..

................
96

S E C U R IT IE S .

New York City Bank Statement for the week ending
Deo. 26, 1896. W e o m it tico cip h ers ( 0 0 ) in a ll cases.
B a -n k s .
(0 0 s o m itte d .)

B id .

M l a e o n r l — F n n d ...................1 8 9 4 - 1 8 9 5
N o r t h C a r o l i n a — 6 b , o l d ..............J A J
F u n d i n g a c t ......................................1 9 0 0
N e w b o n d s , J < S J ............1 8 9 2 - 1 8 9 8
C h a t h a m R R ..............................................
B p e o i a l t a x , C l a s s I ..............................
C o n s o l i d a t e d 4 s ............................ 1 9 1 0
6 s ...............................................................1 9 1 9
B o o th C a r o lin a — 4 *as, 2 0 - 4 0 . .1 9 3 3
6 s , n o n - f u n d ..................................... 1 8 8 8

L o a n s.

S p e c ie .

L e g a ls . D e p o s its .

B /* n k o f N e w Y o r k . $ 2 , 000 ,,0 $ 1 ,8 5 3 ,6 $ 1 2 ,4 0 0 ,0 $ 2 ,0 7 0 ,0
M a n h a t t a n C o ............. 2 ,0 5 0 ,
2 .1 4 6 .2 1 3 .2 0 2 .0 2 .6 2 7 .0
M e r c h a n t s ’.................... 2,000,
9 9 8 ,7 1 0 ,0 0 6 ,9 2 .6 6 8 .3
M e c h a n i c s '................... 2 000
8 .5 1 6 .0 1 .1 1 7 .0
2 .1 6 7 .2
A m e r i c a .......................
1,500,
2 ,5 0 8 ,4 1 7 .3 9 2 .8 2 .2 9 6 .2
2 8 5 .0
4 .0 7 1 .0
1 ,0 0 0
3 4 7 ,6
:::::: 1, 000 , 3 ,5 5 7 ,0 2 2 .7 9 6 .5 6 .0 9 0 .9
T r a d e s m e n ’s ................
2 2 1 .4
2 .0 3 9 .6
750,
8 0 ,7
C h e m i c a l ......................
300,,0 7 ,4 3 4 ,9 3 .5 9 1 .0
M e r c h a n t s ’ E x o h ’g e
8 1 2 .7
4 .3 7 7 .3
1 7 5 ,1
600
G flU ia tln ..............
6 .3 1 4 .4
5 5 9 .3
1, 000 ,
1 .6 2 4 .6
B a t c h e r s ’ A D r o v ’r a ’
1 5 2 .5
1 .2 9 0 .5
300,
2 0 9 .6
M e c h a n i c s ’ A T r a d ’s
2 0 5 .0
1 .8 7 0 .0
2 7 8 .6
400,
G r e e u w i o h ........
1 1 0 .4
200
9 2 5 ,3
1 5 8 .4
L e a t h e r M a n u f a c ’r s .
3 3 5 .5
2 .9 9 5 .8
4 9 2 .4
600
S e v e n t h ...........................
2 3 5 .0
300
1 .4 2 0 .3
9 7 ,3
S t a t e o f N e w Y o r k . 1, 200,
2 1 7 .5
3 .4 7 4 .7
5 0 0 .9
A m e r i c a n E x c h a n g e 5 .0 0 0 ,
2 .5 2 7 .6 2 3 .0 5 8 .0 1 .6 1 9 .0
C o m m e r c e ..................... 5 .0 0 0 ,
3 .5 8 9 .7 2 3 .3 5 9 .8 1 .9 6 3 .2
6 8 8 .3
5 .6 9 7 .5
1. 000,
1 .5 9 8 .8
7..v.
9 7 8 .6
1, 000,
7 2 5 .1
P a c i f i c ............................
422,
2 .2 7 8 .1
4 2 2 .5
4 8 2 .5
D e p u b l i c ........................ 1 .5 0 0
8 6 8 .9 1 1 ,0 8 7 ,4 2 .2 9 8 .2
C h .a th .im .........................
5 .8 9 0 .5
9 6 7 .3
450,
5 5 6 ,9
P e o p l e s ’...........................
2 4 4 .4
1 .5 4 4 .2
2 3 5 .7
200,
N o r t h A m e r i c a ..........
8 7 5 .0
5 .7 7 5 .2
5 8 3 .0
700,
H a n o v e r ........ ................ 1, 000,
2 ,0 5 3 ,7 1 7 .3 9 9 .3 4 ,8 1 6 ,7
l i v i n g ...............................
3 4 6 .1
500,
2 3 6 .8
2 .8 5 4 .0
C m z e n s ’ .........................
2 .6 3 5 .0
4 8 2 .3
3 8 1 .8
600,
N a s s a u .............................
2 .1 8 1 .9
2 7 6 .8
1 9 0 .3
500
M a rk e t A F u lto n ...
5 .7 3 4 .4
1 .0 1 1 .5
900
6 8 0 .3
S h o e A L e a t h e r ......... 1 .0 0 0
3 .3 3 9 .2
1 0 0 .9
4 2 5 .4
C o r n E x c h a n g e .......... 1 ,0 0 0 ,
8 .9 5 3 .0 1 .3 5 2 .0
1 .2 9 2 .6
C o n t i n e n t a l .................. 1, 000.
5 5 6 .0
4.820.7
2 3 0 .7
O r i e n t a l ..........................
1 .7 6 3 .0
300
4 0 6 .8
1 4 7 .0
I ^ Q im rte iV A T r a d T s 1 .5 0 0
5 .5 0 0 .3 2 2 .4 8 3 .0 3 .1 6 1 .0
2,000
3 .2 1 2 .4 2 4 .1 3 0 .6 5 .6 7 0 .0
250,
E a s t R i v e r ....................
1 .1 4 8 .8
1 5 0 .8
1 3 7 .7
I r ^ u n h ........ .................... 3 .2 0 0 .
2 .0 4 0 .6 2 0 .2 4 0 .4 2 .7 1 9 .9
C e n t r a l ............................ 2.000
8 .6 8 1 .0 1 .2 2 8 .0
5 1 8 .8
S e c o n d .............................
8 8 2 .0
4 5 7 5 .0
300
6 4 4 .8
N i n t h ..............................
3 6 0 .4
750
3 .0 3 0 .4
3 3 3 .9
F i r s t .................................
600,
7 .2 0 8 .5 2 2 .7 0 9 .4 3 .4 0 3 .2
T h i r d .................... . . . . 1 ,0 0 0 ,
7 .8 0 3 .7 1 ,4 7 0 ,0
2 4 4 .3
1 2 0 .9
1 .3 1 9 .2
N . Y . N a t ’l E x c h ’g e .
68,0
300
2 .S 5 I.I)
B o w e r y ..........................
4 1 8 .0
250
6 0 1 .5
N e w Y o rk C o u n ty ..
5 5 6 .9
2 .4 9 1 .8
4 2 8 .0
200
2 0 8 .2
G e r m a i A m e r ic a n ..
2.588.6
2 9 3 .0
750,
C h a s e ..............................
1 ,4 4 5 ,2 1 5 .5 3 5 ,2 3 .8 6 1 .4
500,
0 ,9 5 9 ,0 1 .2 1 4 .9
B i r th A v e n n e ...............
1 .0 8 7 .6
100
2 .4 0 8 .5
G e rm a n E x c h a n g e ..
2 8 3 .4
6 0 6 .6
200
6 7 9 .9
C t e r m a n i a ......................
5 1 4 .3
3 .2 9 5 .6
200
5 .2 0 0 .4 1 .0 6 8 .9
t / n l t e d s t a t e s ............
6 3 4 .6
600,
L i n c o l n ...........................
8 2 1 .9
5 .4 7 0 .5
300,
6 1 7 .3
3 .6 5 3 .5
8 3 2 .7
7 0 0 .8
200
G a r f i e l d .........................
F i f t h ..............................
2 0 2 .5
1 .5 9 5 .2
3 0 8 .4
200
7 9 6 .2
4 ,3 2 8 .4
R a n k o f th e M e tr o p .
8 0 3 .2
300
1 7 8 .0
2 .0 7 8 .0
3 2 3 .4
200.
w p s t b i d e ......................
7 4 3 .0
5 .7 9 7 .0
600,
S e a b o a r d ........................
2 7 9 .6
1 .6 5 5 .0
1 6 3 .0
3 2 9 .9
200,
8 3 6 .4
W e s t e r n ......................... 2 , 100,
3 6 7 .7 1 2 .8 0 7 .0
022.2
5 .1 6 5 .0
9 2 7 .6
F i r s t N a t . B ’k l y n . . .
300
9 .0 4 7 .7 1 .4 8 4 .2
5 3 8 .2
N a t . U n i o n B a n k . . . 1.200.
2 8 5 .8
2 .3 8 0 .6
2 2 0 .7
I n b e rty N a t. R a n k ..
600,
3 .5 4 9 .7
5 6 9 .8
3 1 8 .1
Y . P r o d . E x o h ’g e . 1 ,0 0 0 ,

$ 1 ,2 4 0 ,0 $ 1 2 ,0 3 0 ,0
2 .8 8 7 .0 1 5 .6 8 7 .0
1 .7 0 1 .0 1 2 .6 1 0 .1
7 .2 0 5 .0
1 .1 3 9 .0
3 .3 9 3 .5 2 0 .2 3 9 .2
6 9 3 .0
3 .7 6 7 .0
2 .6 1 4 .5 26.673.5
5 3 7 .2
1 .8 6 4 .7
4 .1 1 6 .8 2 3 .1 1 1 .0
3 5 5 .4
4 .7 7 6 .1
5 .0 0 2 .3
9 6 0 ,9
1 .2 8 3 .2
2 7 6 .5
2 ,1 8 0 ,0
4 9 5 .0
2 1 6 .1
9 1 2 ,3
3 ,2 2 5 ,9
1 .0 6 0 .8
1 .7 0 6 .0
2 0 8 .6
3 5 2 .6
2 .7 0 1 .8
4 .0 3 3 .0 1 8 .4 9 1 .0
3 .7 4 1 .2 1 7 .6 7 1 .4
4 .5 5 5 .8
4 2 4 .7
7 .8 5 0 .5
1 .7 9 2 .5
2 .8 2 9 .8
5 3 3 .5
1 .5 1 1 .3 1 2 .9 2 7 .6
6 .1 4 1 .0
1 .3 6 2 .8
2 .7 0 1 .3
7 0 9 .2
5 .7 3 7 .8
4 8 5 .8
2 .7 4 7 .0 2 2 .2 4 1 .6
2 .7 2 0 .0
5 0 0 .1
3 .1 2 0 .0
3 9 7 .6
2 .7 8 6 .3
5 7 1 .4
5 .5 2 3 .0
8 2 1 .6
3 .4 6 0 .4
4 8 1 .9
1 .3 0 8 .0 1 0 .1 6 5 .7
5 .6 4 8 .2
9 8 2 .4
1 .7 6 0 .0
4 4 2 .4
5 .3 1 8 .0 2 5 .0 4 5 .0
6.880.0 3 2 .4 5 1 .0
1 .3 1 3 .8
3 8 2 .3
3 .2 2 9 .0 2 1 .2 7 8 .5
3 .4 8 5 .0 1 1 .1 4 6 .0
5 .4 0 8 .0
7 7 6 .0
4 .0 3 8 .0
1 .3 3 8 .2
3 .4 0 7 .9 2 2 .8 5 7 .3
8 .7 7 4 .6
1 .1 9 1 .2
1 .1 8 6 .5
1 8 7 .0
3 .4 3 7 .0
7 7 3 .0
3 .0 7 6 .2
2 6 7 .2
2 .3 8 3 .8
4 2 8 .0
2 .9 9 4 .6 1 9 .9 7 9 .7
7 .5 7 3 .9
7 5 5 .8
3 .1 7 5 .4
6 8 4 ,7
4 ,1 6 9 ,8
4 4 5 .3
6 .0 1 0 .5
8 3 0 .5
6 .3 6 6 .7
1 .1 7 1 .0
4 .5 7 2 .5
6 0 4 .9
1 .6 0 1 .3
2 2 3 .4
5 .5 3 6 .4
9 0 7 .9
2 .1 2 5 .0
3 7 5 .0
7 .0 8 7 .0
1 .3 1 5 .0
1 .3 7 5 .0
2 1 5 .0
2 .8 8 7 .9 1 3 .2 0 7 .3
5 .4 6 1 .0
9 6 3 ,2
8 .5 2 7 .2
6 9 4 .0
2 .3 7 4 .3
3 3 9 .0
2 .9 3 1 .4
1 7 6 .9

T o t a l ......................... 6 0 ,7 7 2 ,T 7 3 ,8 8 5 ,4 4 8 7 ,6 7 3 .3 7 6 ,7 6 8 ,0

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

, ,

,

T e n n e s s e e —6 s , o l d ............1 8 9 2 - 1 8 9 8
6 b, n e w b o n 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 » ...............1 9 1 2
3 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 * a s ..................... . 1 9 1 3
V ir g in ia f u n d e d d e b t, 2 - 3 S ...1 9 9 1
6 s , d e f e r r e d t ’s t r e o ’t s , s t a m p e d

102ia
122ia
102>a

i*

A sk.

77*a

81*9

62*4

63
7

6

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

C a p it a l S u r p l 's

B id .

S E C U R IT IE S .

A sk.

U apui-i a ;
S u rp lu s.
L oans.

Specie.

Leoals.

Deposits.* Oirc’Vn C learin g *

$
N . Y .*
$
$
$
$
$
N o v 2 8 .. 1 3 4 ,5 2 1 ,4 4 6 3 ,8 1 8 ,2 7 6 .6 1 3 ,0 7 7 ,4 5 7 .2 4 9 0 ,6 3 4 ,3 2 0 .2 1 8 ,0 5 6 8 ,6 6 2 ,9
D ec
5 1 3 4 ,5 2 1 ,4 4 7 2 ,4 4 1 ,8 7 5 ,6 7 6 ,9 8 2 , 2 9 9 ,0 15 0 2 ,0 4 6 ,0 1 9 ,9 9 7 ,7 6 8 1 ,8 6 3 ,0
“
12.. 1 3 4 ,5 2 1 .4 4 8 3 ,5 0 3 ,5 7 6 .6 4 8 ,1 8 4 ,1 0 9 ,5 1 5 1 6 ,6 0 5 .0 1 9 .8 4 1 ,3 5 7 0 ,3 4 0 ,3
“
19., 1 3 4 ,6 5 8 ,1 4 8 7 ,0 1 6 ,0 7 7 ,2 5 1 ,6 8 6 .9 2 0 .6 5 2 3 ,5 8 9 ,9 1 9 ,7 9 7 ,1 6 2 3 .4 0 5 .2
“
2 6 .. 1 3 4 ,6 5 8 ,1 4 8 7 ,6 7 3 ,3 7 6 ,7 6 8 ,0 8 9 ,0 0 1 ,2 5 2 5 ,8 3 7 ,2 1 9 ,7 6 0 ,0 4 8 9 .2 5 1 .3
B s s ,*
7 ,9 7 2 ,0 1 5 4 ,8 5 9 ,0 ! 1 0 ,0 6 1 ,0 9 0 ,1 7 9 ,8
D e c 1 2 .. 0 9 ,3 5 1 ,8 1 1 0 3 ,8 7 7 ,0 9 ,8 4 3 ,0
8 ,2 6 1 ,0 1 5 5 .6 5 0 .0 1 0 ,0 7 6 ,0 9 4 ,8 1 0 ,7
6 9 .3 5 1 .8 1 6 5 ,0 9 3 ,0 1 0 ,4 4 4 .0 ,
19.
“ 2 6 .. 6 9 .3 5 1 .8 1 6 4 ,8 5 0 0 1 0 ,4 0 2 ,0 1 8 ,5 7 2 ,0 1 5 1 .6 8 1 .0 9 ,9 6 3 ,0 7 4 .9 6 3 .3
P h iln . *
1 0 0 .8 5 0 .0 6 ,9 9 9 ,0 5 6 ,6 2 3 ,6
3 0 .9 3 6 .0
D e c . 1 2 .. 3 5 .2 0 3 .0 1 0 0 ,5 9 0 ,0
1 0 1 .5 4 7 .0 6 ,9 6 5 ,0 6 3 ,0 9 3 ,5
3 1 .4 7 9 .0
“
19.. 3 5 .2 6 3 .0 1 0 0 ,5 5 8 ,0
9 9 ,4 2 6 ,0 1 7 ,0 4 0 ,0 5 1 .3 5 3 .3
2 9 .6 7 0 .0
“ 2 6 .. 1 3 5 ,2 0 3 ,0 1 0 0 ,4 0 9 ,0
* W e o m it t w o ciphers in all three figures.
+ I n c lu d in g f o r B o s to n a n d P h ila d e lp h ia t h e ite m “ d u e to o t h e r h a n k s .

Miscellaneous and Unlisted Bonds:
M is c e lla n e o u s B o n d s.
A m e r . S p i r i t s M fg ., 1 s t 0 s . .
7 3 Sab. r n t . C o n d . A I n s . d e b . 6 s .........
M a n li a t. B e a c h H . A L . g . 4 s .
B r ’k l y n U u . G a e . l s t o o n s . 6 s. 1 0 5 ^ b .
M e tr o p o l. T e l. A T e l . 1 s t 6 a . .
C h . J u n . A 8 . Y d s . —C o l .t .g .,5 s
C o lo r a d o O A 1 . 1 s t c o n s . 6 s,g . * 9 8 " b . M i c h .- P e n i n . C a r 1 s t 5 s . . . . . .
M u t u a l U n i o n T e l e g . —0 a , g . .
C o L C . A I . D e v e l. g o . 5 a .........
98 b .
C o lo r a d o F u e l A I . —G e n . 5 s .
N .Y . A N . J . T e le p . g e n . 5 a . .
C o l. A H o c k . C o a l A I . —6a, g. ...........
C o n s .G a s C e .,C h lo .—l a t g n . o s
P e o p l e ’s G a s A C . ( l a t g , 6 a . 1 1 0 a .
C o n s o l. C o a l o o n v . 6 s ..........
103 b.
C o ., C h i c a g o ........ f 2 d g. 0 a .
D e t. G a s c o n . l e t 5 .......................
75 b.
1 s t c o n s . g . 0 s .......................... 1 0 0 b .
E d i s o n E l e o . 111. C o .—1 s t 5 a ..
74 b b .
S ta n d a rd R o p e A T . ls tg .6 s .
D o.
o f B k ly n ., l a t 5 a ..
25 b .
K q n l t . G .- L .,N .Y .,c o n « . g .6 * .
S u n d a y C re e k C oal l a t g 0a.
E q u i t a b l e U. A F . —l a t O s . . . .
96 b
H e n d e r a o n B r i d g e —l e t g. 0 s . 1 1 0 b. U . 8 . L e a t h e r —S .f. d e b .,g .,6 a .
W e s t e r n U n io n T e l e g . —7 s . . .
I l l i n o i s S t e e l d e b . 5 s ................
W h e e l. L . K . * P i t t a . C o » l 1 s tS a
6734k.
N o n - c o n r .d e b . 5 a .................. ...........
N o t e .—‘V i n d i c a t e s p r i c e b id ; “ a ” p r i c e asked. ♦ L a t e s t p r i c e t h i s w e e k .

M isc e lla n e o u s Bond*.

Bank Stock List—Latest prices this week.
BA NK S.

B id .

A m e r i c a .......... 3 1 5
A m . K x c h ... 171
290
B r o a d w a y . .. . 2 2 8
B u t c h . A D r .. 1 2 5
C e n t r a l .......... 12 5
C h a s e ................ 3 5 0
C h a t h a m ........ 2 9 5
C h e m ic a l;___ 4 0 0 0
500
1 25
C o l o m b i a ___ 1 75
C o m m e r c e .. . 2 0 0
C o n t i n e n t a l . 13 0
C o rn E x c h ... 285
E a s t R iv e r .. 125
1 1 th W a r d .. 200
F iffh A v e .... 2800
F i f t h * .............. 2 5 0
F i r s t .............. 2 5 0 0
F i r s t N ., 8. I . 120
1 4 th S tr e e t..
175
G w ll
......... 3 0 0

A sk.

BA N K S.

B id .

330
173

G a r f ie ld ........ 4 0 0
G e rm a n A m . 108

235
135
135

G e rm a n ia —
G r e e n w i c h .. .
H a n o v e r ........
H u d . R iv e r..
I m . A T r a d ’ra
I r v i n g ..............

305
4300
135
204
140
295

275
150
175
185
316

A sk .

360
350
16 5
315
15 5
530
140
170
125
L i n c o l n ........... 7 5 0
M a n h a tta n ... 205
M a rk e t A F u l 215
M e c h a n i c s ’. 18 5
M ’c h s ’ A T r s ’ 1 3 0
170
M e r c h a n t . ’ .. 1 3 3
M e r c l i ’t . E x . 1 1 0
M e tr o p o l ’* . . . 4 2 5
M t. M o r r i * .. 1 0 0
N a s s a u ........ 1 5 3
N . A m s ’d a m . 1 9 5
N e w Y o r k . . . •230

330
..........
540
15 0
775
215
225
195
13 5
137
......
..........
..........
235

(*N ot Listed )
B id . A s k .

N . Y . C o ’n t y 6 5 0
N .Y .N a t.E x
N i n t h .............. 1 1 0
1 9 th W a rd .. 100
N . A m e ric a . 130
O r i e n t a l ......... 175
P a c i f i c .......... 1 7 0
P a r k ................ 2 6 6
P e o p l e ’s .........
P h e n i x .......... 1 0 7
P r o d . E x . * . . . 11 5
R e p u b l i c ___ 14 5
S e a b o a rd — 168
s e c o n d ........... 4 2 5
S e v e n t h ........ 10 0
S h o e A L o ’t h 9 0
S t a t o o f N .Y . 10 8
T h i r d ............. 10 0
T r a d e s m ’n ’s. 9 3
U n i o n ............ 1 9 0
U n io n 9 q — 180
U n ’d S t a t e s . 1 7 5
W e s t e r n ........ 11 4
W e s t S id e ... B 7 5

115
......
......
265
260
109
255
17 5
<— . .
94
110
102*3
95
200

ii*7

THE CHRONICLE.

81
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IN',

m i l U W K t i 'i H V

IS O

B A L T IM O R E

[V ol . LS1Y.

STOCK

K X CH A X 6ES,
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of th e
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ide

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s
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100
Fast A rr.?v MaWJ,.:.tSe*iW») 100
............
"
100
S e e te e r tile I’sm sen s. (Ph>ta.t 50
50
r n tm rm & % ............. .
50
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so
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17%
17%
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162

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73%

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•61% 82%
*17% 17%
■17% 17 a

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......

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10S% 109

13% 14%
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*22% 2.1%
23
177
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51%
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24

......

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B id .

A sk .

1 17,013
5 .6 2 5
265
92
S 74
675
5

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k

51% 51%
13% l S ’ ts
6 6 ’e 67

I l l ’s
110% 110% 110% 110
100% 100% . . . . . . . . . . . .
100% 101
101
......
210 210% 210 2 1 0
2K*
93 % 95
. . . . . . •...■ ««
92% 93%
92%
6%
6% . . . . . . . . . . . .
7
6%
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.
......
3 2 5 325 *325 33 9
325
.... ......
......... *58 .........
60%
60%
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61%
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60%
004
28
28
27% 2 7 7s
27
30
30
30
30
65
65% . . . . . . . . . . . .
04 H 65
64
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32% 32%
31
32% 32%
...... ......
75
71
as
72% *71
40
40
41
•11% 40%
........*
*
20% *20% 20% *20% 20%
41
41
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4L
‘ 41
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43
102 102
102
1 0 2 102
13
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13% 13%
72% 72%
72% 72%
72
72
72
42
42
41%
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t B o sto n tel e g ra m n o t re c e iv e d .

Bond*.

in
620
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11

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......

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a

B a n g # o f s a le s In 1 8 9 6 .

1,505

......

73
7%
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94
31

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........ ..

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17%
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2 00
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31
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t sept 2
J u l y 29
A ug. 10
i A ug. 10
A ug. 4
AUK. 10
A ug. 11
M ar. 31
a J u ly 10
t A ug. 7
A ug. 10
A ug. 8
« A ug. 14
a A ug. 14
a A ug. 27
a A ug. 7
a A ug. 6
A ug. 1
A ug. 12
s O o t. 28
a M ay 25
8 A p r, 17
S e p t, 23
1 A u g , 27
< J a n . 10
e A u g . 10
J a n . 23
■ D eo. 18

17% Feb. 2 4
% N ov. 2 0
44 % Jim. 2 7
70 Ja n , 2
19% A p r. I f f
19 A p r.‘. 1 7
217 J a n . 28
209 J u n e 1
171 F e b . 19
13 N ov. 7
N ov. 10
58
83% N ov. 10
79% J u n e 1 7
12** J a n . 2
30 J a n . 2
97 F o b . 10
38** J a n . 3 0
1X2*3 N o v . 1 8
12% F ab. 2 4
51 J a n , 2 8
85 J a n . 28
70
F eb. 14
117 N ov. 13
;2 8 % N ov. 11
180 N o v . 1©
5 4 * A p r. 2 3
lie
N ov. 4
72** M a y 5
1 2 * N ov. 9
20 M ay 1 8

95 % A ug, 8 126% A p r.
92*3 A ug. 10 105% J u n e
195 J u ly 29 2 1 1 Deo.
65 J a n . 7 98>* Nov.
1 * M ar. 7 13% J a n ,
2 9 5 J a n . 3 33 5 Nov.
6 4 J u n e 18 6 4 J une
5 5 % J a n . 2 0 67 Nov.
BO A ug. 10 36*a A p r.
2 2 A ug. 8 38 A p r.
51** A ug. 10 66% Deo.
21 J u l y 16 39% M ar.
5 0 J a n . 8 7 8 A p r.
3 2 A u g . 31 7 5
A p r.
15 % A ug, 12 2 3 D ao.
45 38 A ug. 3 40% F e b .
2 0 0 87*s J a n . 23 1 0 3 Deo.
105
9 J a n , 7 1 0 Noy.
3 9 1 58*e A u g . 10 81% J a n .
33 34*3 J u ly 16 67 F e b .
2% F e b .
1** A ug. 10
J T r u s t re o .,a ll in s ta t. p a id .

Bonds,

21
12
18

16
31
17
18
10

15

16
7
13
14
15
7
8
18

4
*

17
14

B id. A sk.

94 .......
P e o p le ’s T ra o . t r u s t o e rts . 4 s ..1 9 4 3
B o sto n U u lte d G a s , 2 d m . 5 s . .1 9 3 9
101
P e rk io m e n , 1 s t s e r.,5 B .1 9 1 8 , Q —J
92
B u rl. A Mo. R iv e r E i e j u p t 6 s , J & J
91
PU lla. A E r ie g e n . M . 5 g .,1 9 2 0 , AAO i ik 120%
N o n -e re m p t 6 s_____.1 9 1 8 , J A J
Sou 265
104
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en.
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P la in 4 a ............................19 1 0 , J A J
81% 82%
P U lla A R e a d , n e w 4 g., 19 5 8 , J A J
O hio. B u rl. A N or. I s t5 ,1 9 2 6 , AAO
3%
45% 45%
1 s t p re f. in c o m e , 5 g , 1 9 5 8 , F e b 1
49% 50
2 d m o rt. 6 s ............. ...1 9 1 8 , J A D
33% 34
2 d p re f. tn o o m e , 5 g , 1 9 5 8 , F e b . 1
30 . . . . . .
D e b e n tu re 6 s ................1 8 9 6 , J& D
32%
32 7e
3 d p re f. in o o m e , 5 g , 1 9 5 8 , F e b . 1
10
tTUic. B ari.A Q uinoy 4 k 1922, FA.A
5
1 19
2 d , 5 s ..............................1 9 3 3 , A A O
143 145 : lo w s D iv isio n I s ........1 9 1 9 , AAO
O onaol. m o r t. 7 s .........1 9 1 1 , J A D 125%
CUle.AW.MleU. g en . 5 s ,1 9 2 1 ,J A D
3 4 5 250
O onaol. m o r t. 6 g . . . . . . l 9 11, J A D 119 i 2 0 i
25
C o n so l, o f V e rm o n t, 5 s . 1 9 1 3 , J A J
r rr v - r
......
Im p r o v e m e n tM . 6 g . , 1 8 9 7 , A A O 103% 10BH
C u rre n t R iv e r, 1 st, S s.,1 9 2 7 , A AO
O o n .M .,5 g .,s ta m p e d ,1 9 2 2 ,M AN
10
12
D « t. D ans. A N or'n M. 7 s . 1907, J A J
30
T e rm in a l 5 s, g . . . . —1 9 4 1 , Q,—F . 110 110%
35
E a s te rn 1 s t m o rt 6 e, 1 9 0 6 ,M A S ..
52
51
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F ree.F JU .A M .V .,1 st,6 8 .1 9 3 3 , end.
60
P it ts . O. A S t. L ., 7 e . . ..1 9 0 0 , FA A i"09%
U n sta m p e d , 1 st, 6 s, 1 9 3 3 . . . ........
24% K. e .C .A B p rtn g ., 1st, 5 g .,19 2 5 , AAO
97
R o o h e s te r R a ilw a y , o o n . 5 s ..1 9 3 0
51
S o b u y l.R .E .S id e .ls t5 g .1 9 3 5 , J A D 103
K B F .8 .A M . oon.6B, 1 9 2 8 . MAN
10
U n io n T e rm in a l 1 s t 5 s .......... .F A A
K .C. Stem . A B lr.-lB t,26,1927, MAS
5
35
su
K.
O. S t. J o . A 0 . B „ 7 s . . 19 0 7 , J A J
52
A tl!nOtna i S6 laBrf.!t i s " ? % f i9 0 7 >JA-, 116% 1 1 7
L. R ook A F t 8 „ 1 st, 7 s . .1 9 0 5 , J.AJ
130 132
92
94
D o u ls .,E v ,A 8 t.L .,l8 t,6 g .l9 2 6 ,A A O
B a ltim o re B e lt, 1 s t, 5 8 .1 9 9 0 , M AN
54 —
2 m ., 5 - 6 g ...................1 9 3 6 , A A O
B alt. 0 . P a s s . 1 s t 5 a .. . 19 1 1 , MAN 113% 1 1 4
*54
M ar. a . A O u t., 6 s........ 1 9 2 5 , AAO
n o
B alt. T ra o tlo n , 1 s t 5 s . .1 9 2 9 , MAN 109
......
M ex ican C e n tra l, 4 g . . . 1 9 1 1 , J A J
1 06
E x te n . A im p t. 6 8 . . . . 1901, MAR 1 0 5
83%
1 s t o o n so l.ln o o m ea, 2 g, n o n -c a m .
1 09
No, B a lt. D lv ., 5 8 ................... 1 9 4 2 , J A108
D
14% 16
2 d oonaol. ln o o m es. 3 s, n on-onm .
B a ltim o re A O hio 4 g ., 1 9 3 5 , A A O 10 0
— —
N. Y. A N .E n g ,, 1 s t,7 8 ,1 9 0 5 . JA J*
P itta . A O onn,, 5 g ___1 9 2 5 , F A A
17
i.
1 s t m o rt. 6 s ............ . ..1 9 0 5 , J A J
B ta te u I s la n d . 2 d , 5 g .1 9 2 6 , J A J
1% O g d en . A L .0 .,C o n .6 s ...l9 2 0 ,A A 0
%
R e c e iv e rs ’ o e rtiflo a to s ...... ............ i o i ' 4 ib a%
70 I lB 0 .e s ...........................................1920
67
95 ____ ,
B al. AOUio 8 .W „ lst,4 % K . 1990, J A J
|R u tla n d , 1 s t ,6 s ............ 1 9 0 2 ,M AN |1 0 4
70
O a p e I '.A Y a d .,8 e r.A .,6 g .l9 l6 , J A D
75
26
; 2 d , 6»..............................1 8 9 8 ,FAA
95
C en t. OUlo, 4% g ..........................1 9 3 0 , M AS
64
05
C ent. PasB., 1 s t 5 s ......... 19 3 2 , M AN 111% 112%
m
85% L t l a n M r ^ ^ ^ ^ M A R
104
c i t y A S u b ., 1 s t 6 s .......... 1922, JA D 110% 1 11
2m
B uffalo B y. oon. 1 st, 5 s ............1931
OUarl. O o l.A A n g .e x t.5 8 .1 9 1 0 , J A J 105% 107
. . . __ 47% ( aM W laaa, M ..7 « ..........19 0 0 , F A A
OoL A G re e n y ., 1 s t 5-6S .1917, J A J 109% 1 12
C hoc. O kla, A G u lf, p rio r lie n 6 s ..
G e o rg ia A A la .,1 s t pf. 5 s. 19 4 5 , AAO
09%S 09%
CtUMMis'
8
t,K
y
,o
f
I
u
d
..e
o
n
.58.1933
2%
S ’*
G a . O ar. A N o r. 1 s t 5 K ..1 9 2 9 , J A J
81% 8 2 '8
2
t%
C o lu m b . 8 t H y„ 1 st, eon. 5 s .. 1932
G e o rg ia P a e ., 1 s t 5 -6 S ...1 9 2 2 , J A J 110
15
CoSumb. O. O ro ssto w n , 1st,5 s 1033
O cor. So. A F la ., 1 s t 5 s . .1 9 4 5 , J A J
94
95
117 120
OonsoL T r a c t.o f N. J . , lB t.5 s.1 9 3 3
N o rth . C e n t. 6 s ........... ...1 9 0 0 , J A J 107 1 08
___ WB|
D el. A B ’d B r'k , 1 s t, 7 s. 1 9 0 5 ,F A A
6 » ......................
1 9 0 4 , J A J 1 10
t
%
S e rie s A , 6 s ..................... 19 2 6 , J A J 110% ___ nT|
22
22%
......
4*88................... ..............1925, AAO 108
5%
5%
iP ie d in .& C u m .,ls t, S g .1 9 1 1 . FA A 101%
4
4%
P it ts , A C o n n ells. I s t 7 a . l 8 9 8 , J A J 102
104
3
2%
U unt. A Br'd rop.C.ifi .r>s.'(K5,A.vO
_r 91
S o u th e rn , 1 s t 5 s ........ . ..1 9 9 4 , J A J
2
1
I ..'h ig h N av. 4% s. ..... 19 1 4 , Q—J
V irg in ia M id., 1 s t 6 s . . .1 9 0 8 , M AS n o
10% n %
2d 6 » ,g o ld .....................1 8 9 7 ,.TAD
___ _
i 2 d S e rie s, 6 s ................... 1911 MAS 112
I G e a r r a t m o rt. 4 %s, g . 1924, Q—F
34 S a n a a , (is ......... . . . . 1 9 1 3 ,
ft
in
15% 16% Jjeh lg li V al.O oai t s t 6 s , g .l 9 3 3 ,J A J i
! i t h S e rie s, 3-4-5a....... 1 9 2 1 , MAS
02
%%
ft
•DeWglt V a lle y , 1 s t S s .. .l 8 9 8 , J& D !
i 5t,U B erios, 5 s ................1 9 2 6 , MAS 101
«o
151 153
2 d 7 s . , ................... .........1110, MAS
t W est V a C .A P . 1 s t, 6 g . 19 1 1 , J A J 105
106
v
: C o n su l.fl . . . . . . . . . . — 1 9 2 8 ,J A D
W est'A N.C. O ousol. 6 g . W . 4 , J A J n o
70 ;N « w a r* P a s s e n g e r, eon. 5 e „ . 1 9 3 0
W llm . O ol. A A n g „ 6 a . .1 9 x 0 , J A D 1 1 3
...........
119*9 1.20
N iirtb P ann. l a t , 4 s ....1 9 3 6 , M-vN
w iso b u l a s e o d s .
99
m.
G *n. M 7» . . . ........ .1 9 0 3 , J A J
;B a ltim o re W a te r 5 s .. .1 9 1 6 , M AN 1 2 2 % 12 3
1 P a tn ra o n R ailw ay , oonaol. 6 s ..........
F u n d in g 5 s . . . . - ..................... 19 1 6 , MAN
122 123
23% 25
P e n n a y lv a n ia gen ,9 s , r.,1 9 1 0 , V ar 131
. .. .
E x c h a n g e 3 % » .............. 19 3 0 , J A J 104% 105
50
m
c « n » il. 0 » ,e
.............19 0 5 , V a r1
V irg in ia (S ta te ) 3 s ,u e w .l 9 3 2 , J A J
72% 73
F u n d e d d e b t, 2 - 3 S .....1 9 9 1 , J A J
6 1 % 62
S 0H*0 i- ^ ! 'i r .....................1919, V ar i i ’a " .’T
78% • O
0 liK l.T r. 4% g ...........1913, J A D
.......... 109% O hesapeaK e G a*. 6 s ........ 1 9 0 0 , J A D 105%
43% P a. A If. r , C a n a l , 7 * ... 0 6 ,J A D 121 1121% O o n s o l.G a s ,8 » ..— ,,. .1 9 1 0 , J A D 114 115
1
m
D o n .* * .......... ............... 1 9 3 9 AAO 1 07 I .........
5 s ..............
- .1 9 3 9 . .TAT 105
107
i U n lis te d .
f A nd a o e rn e d I n te r e s t.

w»

J anuary 2, 18S7. J

THE CHRONICLE,

85

NEW YORK STOCK EXCHANGE PRICES (C on tin u edy-A C T IP fi B O N D S D E C E M B E R S I A N D F O R Y E A R 1896.
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 ,

Closing
InCst Price Range dales) in 1896
Period Dec. 31
Lowest.
Highest.

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 .

Closing
In t’st Price Range (sales) in 1896.
Period Dec. 31.
Lowest.
Highest,

85 b. 78 July 97 Jan.
107 b. 102% Aug. 111% Jan. Mo. Pao.—1st, con., 6g....... 1920 M A N
Amer. Cotton Oil, deb., 8 g -1900
74%b. 63 Aug. 74% Nov.
3d, 7 s................................... 1906 M A N *100 b. 99 Sept. 112 Jan.
Ann Arbor.—1st, 4s, g . . —.1995 v s
68 % Aug. 81% Feb.
Pao. of Mo.—1st, ex., 4 g .l9 3 8 F A A *100%a. 98 Oct. 104% June
A tT . AS.F.—N ew gen. 4 s .1995 A A O 79is
43
28% Aug
2d ext. 5 s........................1938 J A J 103 b. 102 Nov. 106 Apr.
51% Feb.
Ad)nstment 4 s .................1995 Nov.
Col. Midland—C o n s.,4 g .l9 4 0 E A A 't20%a. 116 Sept. 127 Feb.
St. L. A Ir.Mt, 1st ext., 5 s.l8 9 7 F A A 102 b. 95 Aug. 10 2 % Jan.
39 Dec. 50 Apr
2d, 7 g .............................. 1897 M A N 101%b. 97% Aug. 103% Apr.
Atl. A Pao —Gnar. 4 b...... 1937
B ’w ay& 7thA v.-lBt.con.g.5s’4.3 J A D il7 %
109% Aug. 118% Nov.
Cairo Ark. A Texas, 7 g .l8 9 7 J A D 99 a. 99% July 102% May
*
74%b.
A
A
O
71 Sept. 102 Jan.
Gen. R’y A land g r.,5 g .l9 3 1 A A O 75%a. 68 July 81% MarBrooklyn Elev. 1st, 6 g . ...l 9 2 4
74 a 70 Sept. 100% Jan. Mobile A Ohio—N ew 6g ...1 9 2 7 J A D 118 a. 113 Aug. 120% May
Union E leyated.—6 g ....l 9 3 7 M A N
F
A
A
90 Aug. 101% Nov.
99is
B ’klynWhrf&W.H—lst,5s,g.*45
General mortgage, 4s. 1938 M A 8 67%
•56 Aug. 69 Nov.
Canada Southern.—1st, 5s,1908 J A J 110 % 105 Aug. 110% June Nash.Oh. ASt.L.—1 s t ,7 s .. 1913 J A J 129%b. 125 Sep1 132 June
M
A
S
105
isa.
98 Sept. 107 Feb.
Consol., 5 g ......................... 1928 A A O 99%b. 93 July 102 Feb.
2d, 5s...................................1913
Central of N. J .—Cons.,7s,1899 Q - J 106 b. IO313 Aug. 110% Mar. N. Y. Centrstt—D eb text.4s.1905 M A N 101% 100% Jan. 105% Oot
1st, oounon, 7 s.................. 1903 J A J 121
112 Aug, 121 Deo.
Consol., 7 s .........................1902 M A N 113 b. 115% Feb. 120 Apr.
Deben., 5s, ooup., 1 8 8 4 ..1 9 0 4 M A S 105
102% Aug. 109 Feb.
General m ortgage, 5 g ... 1987 J A J 118isa. 110 Aug. 120 June
Q—M
103
b.
101% Aug. 106 Feb.
L eh.A W .B .,con.,7s,as’d .l9 0 0
N. Y. A Harlem, 7a, reg.,1900 M A N lll% b . 109% Nov. 111% June
90 Apr. 92% Mar.
“
m ortg a g e5 s.l9 1 2 M A N
R.W. A Ogd., consols, 58.1922 A A O 116%b. 115 July 119% Feb.
West Shore, guar., 4 s ..—2361 J A J 107% 100 Aug. 107% Deo
Am. Dock A Im p., 5 s ___1921 J A J 116%b 108 Aug. 116% Dec.
Central Paolflo.—Gold, 6 s .1898 J A J 103%b. 99 Oct. 104 May N. Y. Chic. A St. L.—4 g .,.1 9 3 7 A A O 103 %b. 99% Aug. 105 Feb
A
A
O
118 b. 111 Aug. 119 Ju ly N. Y. Laok. A W.—1st, 6 s ..1921 J A J 133 b. 120 Aug. 134 Deo.
Ohes. & Ohio.—Ser. A, 6 g ..l9 0 8
Construction, 5 s .............. 1923 F A A 113 b. 112% Mar. 115 June
M ortgage, 6 g ................ —1911 A A O 118 b. 114% Apr. 119 Nov.
M
A
N
108
100 July 111% Apr. N. Y. L.E. AW.—lst,oon . ,7g. 19 20 M A 8 *139 b. 131 Aug. 140 Feb.
lsto o n so l., 5 g ................... 1939
65 Aug. 78% Feb.
Long Dook, oonsol., 6 g.1935 A A O 133
131 Oct. 133 Deo.
General lia s , g ................. 1992 M A 8 73
R .A A . D iv., lsto o n ., 4 g .l9 8 9 J A J 98 b. 90 Aug. 99% Deo. N.Y. N. H. A H.—Con. deb. otfs. A A O '136%a. 127 Sept. 137 Feb.
**
2d con., 4 g ..1989 J A J 88 a. 75 Aug. 88 June N.Y. Out. & W.—Ref. 4s, g.1992 M A 8 83 %b. 82 July 93% Feb.
Ellz. Lex. A B ig .8 a n .,o g .1902 M A 8 99 b. 95 Aug. 102% Feb.
Consol., 1st, 5s, g ............. 1939 J A D 108 b. 102 July 110% N ov.
Chic. Burl. & Q. Con. 78.1903 J A J 118% 110 Aug. 120 June N.Y.Sus.A W .lstref.,5 s, g.1937 J A J 103%
90 Ju ly 103% Deo.
M
A
N
98 a. 85 July 101% Apr.
Midland of N. J., 6s, g ..,1 9 1 0 A A O 118 b. 109% Sept. 118 Mar.
D ebenture, 5 s................... 1913
93 Aug. 104% Feb. Norf.A W.—100-year. 5 s ,g .l9 9 0 J A J t 65
Convertible 5 s ..................1903 M A S 100%
60 Jan.
67 Feb.
D enver Division 4 s .........1922 F A A * 93 %b. 87% Aug. 95% June No. Paolflo—1st, ooup. 6 g .l9 2 1 J A J 116% 109% Aug. 118 Mar.
87 %b. 80 Aug. 91% Feb.
Nebraska Extension, 48.1927 M A N
Do. J. P. M. A Co. oertfs.......
109 Aug. 115% Deo.
H an. A 8t. Jos.—Cons.6s.1911 M A S 118 b. 109 %Sept. 118% Jan.
General, 2d, ooup., 6 g ..l9 3 3 A A O
100 Jan. tll7% D eo.
110 Aug. 117% May
■Ohio. A E. 111.—1 st,s. f. 68.1907 J A D 112
General, 3d, ooup., 6 g ..l9 3 7 J A D
t5 9 July 82% Mar.
Consoh 6 g ..........................1934 A A O 124%a. 118 Aug. 127 June
Consol, m ortgage, 5 g ..,1 9 8 9 J A D t 54%b. 31% Jan. 157 Nov.
98 b. 96 Oot. 102% Apr.
General oonsol,, 1 st 5s. .1937 M A N
OoL trust gold notes. 6s. 1898 M A N
76% Jan. 196 Nov.
Chicago A Erie.—1st, 5 g ..l9 8 2 M A N 109%b. 101% Aug. 112 Feb.
Ohio. & N. Pao., 1st, 5 g ..l9 4 0 A A O 40
t35% Aug. 148% Apr.
82 Sept. 95% Dec.
Ohio. Gas L. A C.—1st, 5 g .. 1937 J A J 95%
S ea t L. 8. A E., 1 s t ,gu .6.1931 F A A 35 b. t3 6 Mar. 144% Feb.
130 b. 119 Aug. 132% June No.Pac.Ry.—P ’rlien ry.A l.g.4s Q - J
85%
Ohio. Mil.A St. P .—C on.7s.1905 ■ A
84 Deo. 86 Nov,
A
117 b. 106 Aug. 118 May
52
1st, Southwest D iv., 6 s .. 1909
General lien 3s when Issued. D - F
51 N ov. 53% Nov
A
118% 110 Aug. 118% June No. Pao. A Mont.—6 g ........ 1938 M A S t 41 b, t26 Jan. t42% D ec.
1st, So. Minn. D iv., 6 s ..1910
114% 108 Aug. 115% June No. Paolflo Ter. Co—6 g __ 1938 J A J 107 %a. 99% Aug. 109% Ju n e
lst,C h.A P ao.W .D lv.58..1921
A
109
102% Aug. 111 June Ohio A Miss.—Con.s.1., 7 s .1898 J A J 105 b. 100 Aug. 105 - Dec.
Chlo. A Mo. R lv.D iv.,5s. .1926
A
111 b. 103 Aug. 112% Mar. Ohio Southern—1st, 6 g ...l 9 2 1 J A D 94
■Wise. A Minn., Div ,5 g ...l9 2 1
70% July 96% Nov.
A
' I l l b. 105 Aug. 114 June
Terminal, 5 g .............
1914
General m ortgage, 4 g .,1 9 2 1 M A N 1 17%a. f 16 Nov. 35 Feb.
A
97%
91% Aug. 98 June Oregonlmpr. Co.—1st 6 g ..1910 J A D 85%a 73% Oct.
Gen. M., 4g., se r ie sA ....1 9 8 9
91% Jan.
A D 116 b. 115 S ep t 119 May
Mil. & Nor.—Ist.oon.,66.1913
Consol., 5 g ....................... 1939 A A O 20 a. t 7 July 36 Jan.
Chic. A N . W.—C on sol.,7s.1915 Q - F 139%b. 129% Aug. 141 Jan. Ore.R.ANav. Co.—1st, 6 g .l9 0 9 J A J 113% 104 Aug. 113% Deo.
Coupon, gold, 7 s ...............1902 J A D 115%b. 115 Aug. 120 May Ore.RR. ANav.consol., 4 g.1946 J A D 80
82% Nov.
79% Deo.
Sinking fund, 6 s...............1929 A A O 114 b. 106% Aug. 116 Mar. Penn. Co.—4%g, ooup....... 1921 J A J 111 b. 105% Aug. 113% June
Sinking fund, 5 s ...............1929 A A O 108 b. 104% Aug. I l l Mar. Peo. Deo. A E vansv.—6 g.1920 J A J 98 b, 98% July 102 Mar.
104% S ep t 111% Apr.
Sinking fund,deben., 5 s .1933 M A N I l l
Evans. Division, 6 g ....... 1920 M A 8 102 1 101 Mar. 102 Nov.
25-yee.r debenture, 5s. ..1 9 0 9 M A N 106 b. 103 Jan. 107 Apr.
2d mortage, 5 g .................1926 M A N t 25 i 22 Nov. 31 Feb.
E xtension, 4 s ....................1926 F A A 100 b. 98 Sept. 102% Apr. Phlla. ARead.—G en.,4 g .,1 9 5 8 J A J 1 81% 167 Aug. tS2 Deo.
Ohio. K.I. A Pao.—6s,co u p .1917 J A J 131 b. 119% Aug. 131% Dec.
i 45%
1st pf. Ino., 5 g, all Inst. pd.’58
18% Jan. 149% Nov.
94% Aug, 106 June
E xtension and ool., 5 s ...1 9 3 4 J A J 104%
t 34%
5% Jan. 139 Nov.
2dpf.lno., 5 g., all Inst. pd.’58
30-year debenture, 5 s ...1 9 2 1 M A 8 92 b. 87% Sept. 97% Feb.
t 32%
3d p tin o ., 5 g., all Inst. pd.’58
3% Jan. 136% Nov.
Ohio. St. P. M. A O .- 6 s ...1 9 3 0 J A D 127 b. 117 July 129 May PittsDnrgA W estern—4 g.1917 J A
74 b. 64 Aug. 77 Jan.
Ohio. AW .Ind.—G en .,g.,6s.1932 Q -M 115 b. 113 S ep t 118% Feb. Rio Gr. Western—1st 4 g ..1939 J A
74%b. 63 Aug. 77% Feb.
Clev. Lor. A W h eel—5 s . . .1933 A A O 103
102 Aug. 107% Mar. St. Jo. A Gr. Island—6 g —1925 M A N t 47% 137 Aug. 151 Jan.
a 0. C. A I —C onsol.7g ...1 9 1 4 J A D 130 b. 119 Jan. 134% May S t L. A S an F r.—6g ,C L B .1 9 0 6 M A N 111 b. 110% Nov. 117% Apr.
General consol,, 6 g .........1934 J A J 120 b. 124 S ep t 127 May
General m ortgage, 6 g ..l9 3 1 J A J 110%b. 101% Jan. 114 June
A A1940
O 73 b. 60 Aug. 80 Jan.
0.
C.C ASt.L.—Peo.AE.,4s.
Cons. guar. 4s, g...............1990 A A O
i 21 Nov. 38 Mar.
April.
10
b.
Incom e, 4 s ......................... 1990
10 Aug. 23 Jan. St. L. A S. F. HR. 4 g.........1996 J A J 64%
64 Nov. 66% Deo.
001. A 9th Ave. gu. 5s, g ..l9 9 3 M A S 116 b. 109 Aug. 117 Deo. S t L. A So. W.—1st, 4s, g.1989 M A N
67 b. 65 Aug. 76 Feb.
O olH . Val.& Tol—Con.,5g. 1931 M A S 88
80 Aug. 90 Feb.
2d, 4s, g.. Incom e______ 1989 J A J 24 b. 23% Aug. 32 Feb.
General, 6 g . . . .................. 1904 J A D 85 b. 80 Jan. 91 Nov. 8t.P.M.AM.—Dak. E x .,6 g . 1910 M A N 116%b. 112% Nov. 121% Mar
D eny. A Rio Gr.—1st, 7 s,g . 1900 M A N 110 b. 110 Deo. 114 Apr.
1st oonsol., 6 g ..................1933 J A J 121 b, 117 Jan. 124% June
1st consol., 4 g.................. 1936 J A J 90%
83 Jan. 92 May
“
red u ced to4% g.. J A J 105
100 Aug. 106 June
A J 102 %
D u l So. Sh, A Atl.—5 g .. ..1 9 3 7
92% July 102% Dec.
Montana exten sion , ! g.1 9 3 7 J A D 87%
84% June 90% S ep t
A J 106%
Edison El. 111.—lst,oon .g.5s.'95
97% Jan. 106% Deo. San.Ant.A A. P.—lst,4 g .,g u .’43 J A J 57%a. 45 Aug. 59 Feb.
A J 95%
Erie—4, g, prior bonds__ 1996
83 Aug. 96% Dec. So. Car. A Ga.—1st, 5 g . . . 1919 M A N
97 Apr.
93 Jan.
A J 64 %b. 54% Aug. 67 Apr. So. Paolflo, Arlz.—6 g .. .1909-10 J A J 91 b 92 O ot
General, 3-4. g .................1996
97 Feb.
A D 52 b. 50% Dec. 55 Deo. So.Paolflo,Cal.—6 g ... 1905-12 A A O
Ft. W. A Den. City.—4-6 g.1921
106% Dec. 112 July
89 b. 89% Nov. 93 Jan.
Gal.H.ASaD. An-M .AP.D.lst,5g M A N
1st oonsol., gold, 5 g....... 1937 A A O 94 , 85 Nov. 92% Apr.
Gen. E leotrlc.deb. 5 s ,g ... 1922 J A D 91
82 Sept. 94 Nov. So. Paolflo, N. M.—6 g ....... 1911 J A J 105% 101% Jan. 106 Feb.
__ ____
Hous. A T. Cent. gen. 4s, g.1921 A A O 64 b. 66
Nov. 71 Apr. Southern—1st oons. g, 5 s. 1994 J A J 91%
76 Aug. 94% June
Illinois Central.—4», g....... 1953 M A N 101 a. 99 Jan. 102 Feb.
E. Tenn. reorg. lien 4-5s. 1938 M A S 90 a. 89% Dec. 93% Feb.
Western Lines, 1st, 4s, g .1951 F A A lO lisb 97 Aug. 103% July
E.T. V. AG.—1 st,7 g . „ . 1900 J A J 110%b. 106% Aug. 111% June
Int-AGreatNor.—lst,6 s,g 1919 M A N 115
— b
—.114 July 118% Apr.
Con. 5 g ...........................1956 M A N 107
100 July 109% Apr.
2d, 4 -5 s...............................1909 M A S
71 b. 66 Nov. 77% Feb.
Georgia Pao. Ist5 -6 s, g.,1922 J A J
103 S ep t 114 Jan.
Iow a C entral—1st, 5 g ___1938 J A D 96
87 Aug. 100 Nov.
Knoxv. A Ohio 1 s t 6 s,g .. 1925 J A J 114 b. 110% Sept. 116 M ay
K ings Co. E lev.—lB t,o g .. 1925 J A J 45 b. 37% Sept. 71 Jan.
Rich. ADanv. oon. 6 s,g ..l9 1 5 J A J 120 b. 110% Aug. 121% June
Laclede Gas.—1st, 5 b, g . . . 1919 Q—F
93
| 85 Aug. 96 Jan.
W eatN o.C arlstoon .6s,gl914 J A J 113%b. 103 Sept. 114 Apr.
Lake Erie A West__5 g ___1937 J A J ............ j110 Aug. 117% June Tenn. 0 . 1. A Ry—Ten. D .lst, 6g A A O 80 b. 72 Sept. 93 Feb.
L. Shore. —Con,op., 1 st, 7 s . 1900 J A J 114 b. 108 Aug 115 Jan.
Birmingham D iv., 6 g ...l 9 1 7 J A J 85 b. 79% Sept 95 Feb.
Oonsol. coup., 2d, 7s___ 1903 J A D 118%b. 113% Sept. 120% Mar. Texas A Paolflo—1st, 5 g ..2 0 0 0 J A D 85%
73 Aug. 91 Apr.
Lex. Av. A P a v .F .g u . 5 s,g .l9 9 3 M A S 116%b. 109 Aug. 117 Doc.
2d, Income. 5 g ...............2000 Maroh
19%b. 13% Aug. 25 Nov.
Long Island.—1st con ., 5g. 1931 Q-J •118 b. 117% Jan. 120 Feb. Toledo A Ohio C e n t—5 g ..l9 3 5 J A J 107% 105 Aug. 109% June
General m o rtg a g e ,4 g ... 1938 J A D 75%
75 Deo. 98 Jan.
Tol. St. L. A K an .0.—6 g . . . 1916 J A D 68 b. 162% Aug. 77 Feb.
Louis. A Nash.—Cone. 7 s . .1898 A A O 104 b. 101% Oot. 108% Mar. Union Paolflo—6 g ....... ....1 8 9 3 J A J 103
99% S ep t 107 May
N.O A Mobile, 1st, 6 g ... 1930 J A J 118 b. 112 O ct 119 Feb.
E x t sinking fund, 8........ 1899 M A S
85 b. 73 S e p t 97% Feb.
"
*•
2d, 6 g .. 1930 J A J 103 a. 96 Aug. 102% May
Collateral trust, 4%........1918 M A N t5 0
1 45 Deo. 54% Feb.
General, 6 g .. . . . . . . ____ 1930 J A D 118 b. 110 S e p t 117% Apr.
Gold 6s, 00L truBt notes. 1894 F A A 100
91% May 101% Deo.
U n llied ,4g........................ 1940,J A J
68% Aug. 80% Feb.
Kan. P a o .-D e n .D iv .,6 g .1899 M A N 113
80
106 Jan. 113 Deo.
Louis,N. A ACh.—1 st,6 s .1910;J A J 112 b. 102% Sept. 114 June
77% Feb.
1st oonsol., 6 g .............. 1919 M A N
66 b. 156% Aug.
Consol., 6 g ........................ 1916 A A O
Oregon Short Line—6 g.1922 F A A t i l l
80 b. 74 Aug. 103 Feb.
1100 Jan. 115 A p r
Manhattan oonsol. 4 s.......1990jA A O 94 b. 88 Aug. 99 %Mar.
Or.S.L.AUt’h N .-O on .,5gl919 A A O t 63% t48 July t7 0 Feb.
U.P.Den.AG ulf,oon.,5 g.1939 J A D 30 b. 25% Aug. 40% Apr.
Metro. E le v a te d .-1st, 6 g .19081J A J 119 b. 111% Aug. 120% June
2d,6 s .................................. 1899 M A N 105
101 Aug. 108 Apr. U. S. Cord.—l s t o o l . , 6 g . . . 1924 J A J
114 Aug. 136% Feb.
Mich. Cent.—Is t,o o n s .,7 s .l9 0 2 M A N 113 b. 111 Aug. 119 Jan. U. S. le a th e r —S.F.deb.6g.l913 M A N lll% b . 108 Ang. 113% A p r.
N 100 b. 87% Sept. 105 A p r.
Oonsol., 5 s........................ 1902 M A Nj 108
___
103 July 108% Feb. Virginia Mld.—Gen.M., 5s. 1936 M A
Mil. Lake Sh. A W.—lst.6g.1921 M A N 1 —
130_ b.
99 Aug. 109 Apr.
- 122 Ang. 132% Apr. Wabash—1 s t 5 g ................. 1939 M A N 106
E xten. A Imp., 5 g ...........1929 F A A 112 b. 104 Aug. 115% May
2d mortgage, 5 g . . . . ......... 1939 F A A 70 b. 64% Aug. 77% Feb.
M lnn.AStL.—lstoon .5s,g.l934;M A N 99%
96 Aug. 103% Apr. West N. Y? A Pa.—1st, 5 g .1937 J A J 107 %b. 100 Aug. 10 8 %M ay
M O .K .AE.—1st 5 s ,g .,g n ..l9 4 2 A A O 91 b. 81 Aug. 94 Feb.
Gen. 2-3-48, g o ld ............ 1943 A A O 45 b. 33 Aug. 49% Feb.
75% Aug. 87 Feb. West.Un.Teh—Ool. tr. 5 s ..l 9 3 8 |j A J,*105%b. 101 Aug. 108% June
M. K .& T exas.—1st, 4 s,g .l9 9 0 iJ A D 81%
2d, 4s, g ............ .............. 1990iF A A
44 Aug. 63% Feb. Wiso. Cent. Co. 1st 5 g ...1 9 3 7 !J A J*t38% b. 25 Aug. 146 Feb.
60%
N ote .—"b’’ Indicates prloe bid; "a” price asked; the range Is made up from actual sales only. * Latest price this week.
1 Trust reoelpte.

NEW YORK STOCK EXCHANGE PRICES— (Continued).— I N A C T I V E B O N D S - D E C E M B E R 31
SECURITIES.

Railroad Bonds.
(Stock Exchange Prices.)

Ahabama Mid.—1st, g., gnar.. 1928
Atoh. Topeka & San Fran.—
O M c a g o A St. Lou.—1st, 6s. 1915
Cfel. Mid. 1st, g., 6 s.............. 1936
AH. % P a o . — 2d W. D„ gu. 6s. 1907
_ Western Division ln o o m e ..l9 1 0
A O h io- 1st, 6s, P a r k B.1919

Bid.

Ask.

SECURITIES.

Bid.

Balt. & Ohio—5s, gold.............1925
Cons, mort., gold, 5 s ............1988
W Va. A P itts.—1 s t,g., 5 b.. 1990
B. & O . S . W ., 1 s t , g . , 4 % s...l9 9 0
Monon. River, l s t ,g .,g .5 s ..l 9 1 9
Cent’l Ohio Reor.—1st, 4 %s. 1930 93
Ak.ACh. J u n e . — 1st, g ,5 s,g u .l9 3 0
Brooklyn Elevated—2d, 5 s . . . 1915 " W
1% Seaside & B.B.—lst.g ,5 s,g u . 1942
110 , Br’klyn Rap. Tran.—Gold, 5 s.l9 4 5 "76

Ask.

SECURITIES.

92

Brunswick A W’n—1st, g., 4 s. 1938
Buff. Booh. & P itts.—Gen. 5 s..1937
Rooh. A P., 1st, 6 s................ 1921
Rooh. A P itts.—Oons. 1st,6s. 1922
Buff. A Susqueh.—1st, 5s, g ..l9 1 3
Burl. Oed. Rap. A No.—1st, 58.1906
Consol. A oollat. trust, 5 s .. 1934
Minn. A St. L.—1st, 7s, g u .,1 9 2 7
Ced. Rap. I. F. A N„ 1st, 68.1920
1st. 5 s ................................... 1921

46

Bid.

Ask.

97 100
12013
116 116%
105
10 2 %
102

105%
103%

THE CHRONICLE.

88

s>;w ,-,u tK HTUI'E K K iM JiW K P « I C E H .- I W 4 0 f T V »
m u.

JMMIaI;

S B t'U H IT IK a .

[VOL. L i l V .

B O N O H -tiM n iiH u a d J -D B O E M B B R 8 1 .
BW.

Ae*.

S E O D IU T tE S .

Bid.

ABk.

.... '102

1N o rth e rn Pnolflo—
H »Ie Till* Ked M’ n—l s t , g . . 6a . 1937
C **, KM. * M i -0*1 #,*<*, J** |
1 84
; D u l.A S ig n .—U t.g .6s ,tr .r e o . 1936
|
78
Cwc. Mf -j = «. • 1st, * <5* J *t _ m
D ak D ig ,—1 st 6s, t r ro e .. 1937
C x * I 4 . 54
...» .* • • • i> 4
O ccur d 'A le n e —l s t . e s , g o ld . 1916
t
u
nr
.......
_,n*.Awtiii|
TZZ
G. d 'A le n e —G an. l a t . g . , 0S..193H
K4 1 8 5
It-t. 0<»a.
M -........ . .s ,« 1 8 3 ?
ic liv \ m
a,
M
***it»*-, <A*H
78 i 82 iN o rfo lk A S o u th 'n —1 st. 5 s ,g . l 9 4 i 106% mWmmm
r”, ilo ro i; O i l . - 1 s t . 5» . .. .1 9 3 9
___ .;» » » • U & H i C»4 %
M t M t t . ft*
I N orfolk A W ent,—G e n e r a l, 6s. 1931 118
ft** O m A
I * t S '* * . . . l l l l S
1jfti
%
m
;
....
New R iv e r 1 s t 6«.............. . . 4 9 3 2 110% . . . . . .
U l w in,
5i
.*..***1943
K -* n *•*. i m . . . . . . . . ... . 1» J9
Im p . A E x t., 6s ......................... 1934
48
¥S0
*1, W orth ’i t R .O .—
5S ..1928
14®.! «r»B5» 5*. * ---- -A
d 'tu a tra e n iM ., 7 s .................. 1924
O at, l ia r . A Ban A n t,—1 s t , 0 s . 1910
S3**. 4 * * .^f/e-i * II l 1 , tw M J
Md. A W ash. D lv .—I s t,g .5 s . 1941
...«*♦ **«..!>90S 95%
to o
81%
OWL A a M T - .M l .C - s*.
S
cio
to V al. A N. E . - l e t , 4 3 ,4 9 8 8
ta n . V m , 4%!!«**—l i t .
5*. R-11*20
. i i f§ x m
t» > . r« < # »
O hio A M iss.—
»?<£>&{<?-—Ctoo*. Rold 5**— 1037 180
K*
i<SB.>“ U t .w l i m
105
..............
...1
S
9
8
O
onsol.
7
s
.
.
.
.
.
.
N, H a v e n A D e rb y , <V>n*.5s..H»18
3 # « S 4 # 5 4 , . , . . . . . . . . . . . 4 'JS S
115
2 d c o n so l. 7 s ............................. 1911
l l o a * a T<*xh« Oe-otr&i —
OKt
l» :. f ... 6* 10 Jit
95
8 p rin g .D iv .—1 s t 7 s ..................1905
..........
io i%
W . 3 A N .7 » ,.............. . . . . 1903 125
n
*1 "
■*— K I a s i . Cs. H e r
109
G e n e r a l 5 s............... ..— 1932
*108
1*?
g.,
S*
U
a
i
Oral* VaLer—l * P , 5*. . . . I&40
*Io
o
“
.........
105
O
hio
R
iv
e
r
R
K
.
l
a
t
,
5
s............1931
tVm*. g. «» A nt, g td ) ............ .1 9 1 2
i-rru* w 4 *.-r Y s A .l# ! .* 5 * ..1 0 * !
100
G e n . g . , 5 s .........
1937 * . . . __ 85
D e tw u i 6 s, p rim A tu t. g t4 .1 8 9 7
D *»» o k b . l w l —U t« 4 , *- W U )
ii
O m a h a & S t, L o u is.—1 st, 4 s .. 1937
D r '- i i i . 4s, p rim A in t. g td .1 8 9 7 *85
# * ,# » .
. . . . . . . . . ..1 9 1 1 ;
O re g o n A C ali fo r.—1 s t, 5 s, g -1 9 2 7 *77
m in o U C e n tra l—1 st, g., 4 s ... 1951 111
Ok. V.
« . * » g. 5.*. 11*3'
*108%
Penn-T
*,C
.0.A
8t,
L
,C
n.g.4%
eA
1940
O l H p * *•'■«*»
^ ,.6 * ....1 9 0 3 ; 1 1 *
109
Do
do
S e rie s B .......... 108
G old 4 s . . . ............... ..................1 952 100
U t H . 1 1 SA
t M k * « . ..
P .O .A S .L .-l3 t,0 „ 7 s .................. 1901
112
2 -1 0 g „ 4 s .................................1904
P itts . F t. W. A C.—l e t , 7 8 ..4 9 1 2 —
C
airo
b
rid
g
e
—t
s
........
..........1
9
5
0
..........
.
.
.
.
.
.
*S l l> t l * 1 '
-•'. . ‘ ’■■>.>'
24 , 7e ................................. ...1 9 1 2
S p rin g !. D iv.—C oup., 6 s ___ 1898
tflM .St 8 * M i* ~ t* L * . t .
3d
,
7
e
.........................................
1912
M
id
d
le
D
iv.—R
eg.,
5
s
............1921
101
C
*3"
I . >.».... •..•■
C h.SLL. A P .—l a t , 00n ,5 a ,g .. . 1932
0 . 8 t. U. A N. O .- T c n .L , 7 8 .1 8 9 7 102
c m . S'>*1sbc . * Q ..-S *. « .r .. i 9 o i . i m
U lev. A F .—C o n s.,* , fd ., 7 8 .1 0 0 0
102
l«s»* ® tr,
H » k i. S t . ..I01&.
G en . 4% s, g ., “ A ...............1942
m .
G old, 5 s, c o u p o n ................. 1951 117%
8-U. k : t r —x 4 * t . . . . . . . .
1911* t s
S t. U V .& T .H . —1 s t , 6s., 7 8.1897 •ioa** 103 %
M em p. D lv ., i s t g . 4 s ........ 1951 100
1*j N
r . ' I . * . ..................................1 9 2 1
2d , 7 s ......................................... 1 8 9 s
B eilv .A Bo. 111., gtt., If; 4% s,1 8 9 7 100
73tl-~*nt A k ‘* 6 D'sV.~5« . 1905
103
2 d , g u a r ., 7 s ............................1898 *" ’
160
0 . 1 . F a lls * M inn.—1 st, 7 s ..l9 0 7
m
1AG. * i& tta n * Cft*!—1*1
UU*
G d .R .A L E x t.- l« ,,4 % s ,G .g .l9 4 1 106
1 08
'l a d . I>. A 8 p r.—1 s t 7 s, 1 9 0 6 , t r u s t
ObL KB. A «".. J*.-l**,S*.lU > -t«9.S) i m
_____
110
P
e
o
ria
&
P
e
k
.
U
n
io
n
—1
st,
6
s
.1921
1
S
S
%
.........
: recta,. <a bond*.
8 i . t S . 1 0 A i*. U . . . . . . . . . . . . 1 8 9 8 ,
74%
2d m o rtg ., 4 % a ........................1921
103
■:•. . . . n
.................i "W 1 2 - * « ......... I oil. Deo. .V ft",—l e t , g ., 5 s .. ..1 9 3 5
P
itts
.
C
love.
A
T
o
l.—1
st,
6
s
.
.
4
9
2
2
80
Inti.
IU
«
..!
Io
w
a.—1
s
t,
g,
4
s
.
.1
9
3
9
128
A
.
.
.
.
7 s ........................1*97
P it ts . A L. E r ,—2 d g . 5 s, " A ” . 1928
1 st, * * { .,« . S i . ........................ 1043
........ —
!«». 1- * » .,
1899
P itts . Mo. K . A Y .—1 s t 6s ____1932
25
to t. .V <1. N’o,—3 d , 4 s , g .........1921
i n , e A $*.,
1903 1 2 8 %
Pittas. P a ln s v . A F .—1 s t, 5 s . . 4 9 1 6
35
K:s it* (’ii , - f ,l : l . .l s t ,, ‘i,c.,gB .A .1929
1«1. I. A O. K c te & » ie * .? * ...l9 0 « 180
94
95
P itts , Shon. & L. K —1 s t,g .,5 s . 1940
t a k e E rie A W M t.-2 (\ g„ 5 8 .1 9 4 1 102 % 104
i n . La * , a !> * ? .,5*.......... n u e , 111 %
ls to o n s o l . 5 s . . . ........................ 1943
S o r tli'n Olilo—1 st, g u . g. 58.1945 103% 105
in . n »
1910.
%
40
P
itts
.
A
W
est.—M.
5
a
,
K.1
891-1941
105
L. 8. A M .8 o u .- B .& E .- N e w 7 s . ’98
1*1, B. A U , 5 « ............
1910; 10*8%
P ittS .Y ’g s t’nA A .—1 s t, 5s,o o n . 1927
D e i. M. A X.—l e t , 7 s .............. 1906
IthiSMg)* A Fa/ASO Jiilt,, @ » .1910; 117
R
io
G
ra
n
d
e
80.—1
s
t,
g
.,
5
b
.
.
.
1940
108
10G
L a k e S h o re—D lv. bondB, 7 a . 1899
• tls o r * ; P o in t M i , S*. . .. .. .1 9 1 0 ,
8t. J o s . & G r Is .—2 d in o .......... 1925
K ill. A ll. & O. K .—1 s t gu. 5 s. 1938 114
a n . 9 s s » . w » „ &•....
1921; 106*
__
K a n , 0 . A O m a h a —1 s t, 5 s .. 1927
M ah o n 'g C oal B R . - l s t , 5 s . 1934 117
f& r ,o h O o G * . A«*o . . 1924
Bt. L . A . A T . H .—T e rm , 5 s . .1 9 1 4 103% ..........
Ix * h le h V .;N .5 '.-ls t gn.g .4 * ss,1 9 4 0 101
I fisc SAB*. *!*ik, fur.;'.. ,t'l___1920
109
A
B
eliev
,
A
C
ar.—1
s
t,
6s
...........1
923
108
109
L eh ig h V .T erm ,—1 s t g u . 5 s ,g .l9 4 1
. \ >*: - ^
"m ___!91.0
C hL S fcU A P ad.—lS fegd.g.5s 1917
L e h ig h V ’y C oal—1 s t 5 a ,g u .g .l9 3 3
H U . A N ot. te s te U n e ~ -6 * ..4 9 1 0 117
S t. L o u is Bo.—1 s t, gd . g. 4 s . 1931
95
L ehigh A X .Y . - l s t , gu. g. 4«.1015 *92*
C h ts.A t* o r* .—;S O -y»«*4H k8*,I021 107%
do
2 d I n c o m e ,5 s .1931
U lc n lr» a A N ..ls t.g .ie tp f c 6 s .l9 1 4
a u £ 1 st, o * ....u * m
C ar. A B h a w t —1 s t g. 4 s ___ 1932
G
u
a
r.,
gold,
5
b
...................... 1914
Dm K . *
1907
Bt. L . A B. F . - 2 d 6s , g . , ol. A .1906’ 111
J o s s %)
g t ------- 1900;
L U o lil.(‘ar.A W est,—1 s t 6 s .g .1 9 1 6
____ _
2d , 6s, a ., c la s s C .....................1906 111
O w n. k K d w t t t a t - l * t , f * . l 8 8 8 ! 105
L ittle K ook & M.—1 st, 5 b. g . . l 9 3 7
G e n e r a l 5 s ........ ..— ..................1931
96% 97%
Win, * * * . P , ~ 2 d , 7*.............1 9 0 7 !
L o u g Ig lan il—l e t , 7 s ................ 1898 *103%
90
K i t A M *4. - l i t . S * ..............1908!
1 s t, t r u s t , gold , 5 s .. .............. 1987
89
85
F e rry , 1 s t.
4% e.................. 1 9 2 2
110
C o ld 4 b........................................ 1932
F t. 8. A V. B . B g. - 1 s t , 6s . ..1 9 1 0 *106 1 09
O tt. C. r . A
I ’. - J e t , 8 s . 1909!
l
o
o
K a n s a s M id la n d —1 s t, 4 s, g .1 9 3 7
K a r i a s t a B ', —1*1, 8 * . . . , , . . 1910
N. Y. A K ’w a y B . - l s t , g . 5 s . 1927
35
42% S t, P a u l C ity R y , o o n . 5s, g . .. 1937
MIL U
.1907;
2d m o rtg ., I do ........................1927
s u n * . D iv ,. 1*1, 0* . . ......... ,.1 9 2 4 125
G old 5 s , g u a r ...........................1 9 3 7
N.Y.AMaa.Beaoli.—1st, 7s, 1897 103%
w ..........
A tS is f iS
l e t , 0* I M S 125 | ..........
10 2 % St. P a u l A D u lu th —1 s t . 5 s . ...1 9 3 1 ‘ 103 1 05
N. Y. B. A M.B.- 1 St OOI). 5 s, K. 19 35
____,
c * i u . 1 ! ' - O . l U I t J . U U i 1905
2 d m o rtg a g e 5 s ..........................1917 103
Brookl'n AMontauk—1st,6s. 1911
i s l . I% « ......................... . .. .. 1 » 0 5
Bt. P a u l M in n A M .— 1 s t, 7 3 .4 9 0 9 1 09
1 st, 5 s ...................................... 1911
110%
« « * * ■ !« » , I'1........................1908
2 d m o rt., 6s ........ ........................ 1909 1 1 s
S o . S h o re B r.—ls to o u .5 s ,g ,1 9 3 2
K e atc tk * ft** SL—1 * 1 .5*.. 1923 100 105
Lotus. L v a n s.A S t. L .—C o n .5 s .1 9 3 9 *30
M in n e a p . U n io n —1 s t 6 s . . . 1922
4-J
.....
O k ie .S i. P . 4 W bu . —!« » « * ...1 9 1 8 ! 125
M o n t. C on,—1 s t, g u a r ,, 6 s . .1 9 3 7 *115%
L o u is. A N ash .—C ecil. B r. 7 s .. 1907 104
••..
* « , a - i . t , . : * ........I s i s ...... 131
1 s t g u a r. g. 5 s ........................ 1937
K. H , A N ash .—1 s t 6 s, g ....X 9 1 9 112
105
J ; P e n s a c o u i DivM.-m. 6 s ..........1 9 2 0 106
0 » V . A ’* f e « l . - U i , *.
1911
E a s t M in n ., 1 s t d im l e t 5 s . 190s 102%
O te s n tt t u m u t t i ........... 1 938' u s * j i l t * j; S t. L ouis D lglslon, 1 s t, 6 s ... 1921
W " u a r& a io u x F .—1 s t, g ,56.1 9 3 - . . . . . .
CkML A W in . K t s t u - 8 * ___ .1 3 2 1
S a u F r a n . A N . P .—1 s t, g., 5 s . u i l 9
2d, 3 s ........................................1980
Oo».sf„7*.iao5;
..
O7t»
ts a * * , a' '
‘
S av.F L & W est. -1 st. con. g .6 s .l9 3 4 ..........
N a sb v . A D e ca tu r—1 s t , 7 s .. 1900 1 1 1
*1. -r-.i. «%*........... .........1987' ..
S. t . , 6s . - S . A N. A la .............. 1 9 1 0 4 1 0 0
S o u th e rn — A la. Oouo., 1 s t 6 3.19 18
110
Ohs. D .A I r's j—1H .K 0. 5 * .g. 1941 100
5 0 -y e a r 5 s, g .,........................... 1937
A tl. A C h a r.—1 s t, p re f., 7 s .. l S 9 .
95
97
OUrI. Ak. *
Ksj. & 2 4 «*.1930;
I'en s. A A t . - 1 st, 68, g o l d . .. 1921' 95
In c o m e , 6s ............................ 1900
-----CU«..*C.*A.—'X r.ctt«.forl*t7*.ll>17; *75* 80
C oU at. tr u s t, 5 s, g .................. 1931
C olum . A G re o n .—1 st, 5 -o » .1 9 1 6
0.0.ft A M . U - l . e a . , g. 4 * .. 1993!
L A N . A M.&M.—Is t,g .,4 % s l9 4 6 104*
E. T e n a . V. A G a .- D iv is .5 s 1930 1 1 2 ’'
C airo 4 trt> ;..c , 4 « .................. 1939
90
__
N aah .F lo r.A S .—1 st, g it., 5 s . 1937
Kush.A
D
a
n
.—E
q
.
s.
f.
g.
5
8
.1
9
0
9
*90
80
90
S A te a . 01*.—le i e o l la ’U t . g .l 9 9 0 55**
K e n tu c k y C e n tra l—Is, g .,.1 9 8 7
D eb en . 5 s , s t a m p e d .......... 1927
90
87
!# rta ji4 0 s » l.D lv .—i*Ag»4*. 1940
.x>n.A Jo«. B deoC o.—G u ,g ,4 s. 1945
Y
lF
a
M
id.—S
e
ria
l
a
e
r.A
,
O
s.1906
84*
W W Y m .D J T .- U tg , 4*. 1940'
S e rie s B, fis ..............................1911 ..........
4 l"
L oa.N .A lh.A C h— G e n .m .g .5 a .l9 4 0
0 tlfe W * )M i|i,|K v is» t* C # .4 * ,fw l
S e rie s 0 , 6s ..............................1916
M m ap h ls A C h a ri.—6s, g o ld .. 1924
— *Oho 1. »*., U * C. —1*1 g .,4 i.n » 3 C
97
M ex ican C en t. C onsol,—4s, g.1911
S e rie s D, 4 - 5 8 .......
1921
' h i * *• , 0* . . . . . . . . . . . .. , , , 1 9 2 0
1 st, oous. Ineoino 3s, g..........1939
B eries !', 5 s ...................... ...1 9 3 1 ..........
tfiS..K*a ,A*. 1 ~ i i»ts, J it.g S *, 1028 155*
M e * . I n te rn a tio n a l—1st", 4 8 ,0 .1 9 4 2
WaJih.O.AVi'.—l s t o u r . g u . 43.10 2r
I k t U e a ft. A W .— 1*1 B t i k 1000
M e x ica n N atio n al—1 s t , g „ 6 9 .1 9 2 7
Ter. A s 'n o f Bt. L .—l a t , 4% s.l93s* 106
so fe d .A W7—I t t p e e r . 5* , 1938
3 d , In co m e, 6a, * 'A " ................. 1 9 1 7
1 s t. eou. «. 5 a .................1 894-1944 105
106%
C ttis J d a . # j:« 4 » ~ i* t, 7 * d tt.i8 » 9
2 d , In co m e, 6», “ 8 " ____ ... 1 9 1 7
8 t.L .M e r ,B r .r e m .,g .» s .g u ..l9 3 u
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i ;'
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T e x a s & N « w O rle a n s —1 st,7a, 1905 110
..........
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M o rtg a g e 4 s ............................... 1940 4 0 2
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1943
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90 )!atioas tsade this week, For tliftrvlieaoniiK Uouds—Bee Id page preoedimt

THE CHRONICLE

J a n o a et 2 , 1S97.J

R oads.

g x x x re s tn x e x x t

37
Latest Gross Earnings.

Week o r Mol

1896.

1895.

Jan. 1 to Latest Date.

1896.

1895.

AND

jls x ilro a c l

J ix te ttig e u c je .

RAILROAD EARNINGS.
T h e f o llo w in g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y
s t e a m r a ilr o a d fr o m w h ic h r e g u la r w e e k l y or m o n t h ly r e tu 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 fo r t h e la t e s t w e e k or m o n t h , a n d t h e la s t t w o
c o lu m n s t h e e a r n in g s fo r t h 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 t e s t w e e k or m o n t h .

The re tu rn s o f the stre e t r a ilw a y s a re b ro u g h t togeth er se p ­
a r a te ly on a subsequent p a g e .
Latest Gross Earnings.

B o ADS.

Week or Mo

1896.

1895.

Jan. 1 to Latest Date.

1896.

|

1895.

165,334
165.344
15.694
15,707
Adirondack....... October. ..
37,731
41,301 1,479,702 1,599.207
Ala. Gt. South.. 3d wk Dec.
62,832
021,365
448,687
62,574
Ala. M idland. . . October. ..
Ala. N. O.Tex. A Pao. June
23.000
35.000 1,214,992 1,275,310
N. Orl. A N. E. 1st wkDec.
547,906
14.000
13.000
504,656
Ala. A Vioksb. 1st wkDec.
12.000
12.000
521.618
493.065
Vicks. 8h. A P. 1st wkDec.
2,142,287
176,996
2,355,637
234,260
A llegheny V al.. November.
24,842
985,122
22,005 1,013,426
Ann Arbor......... 3d wk Nov
75,900
84,035
10,880
15,582
Ark. M idland... October- ..
Atch. T. & 8. Fe. November. 2,931.904 2. ,804,643 26,925,391 26.096,110
1,283,661
1,337,079
A tlanta A Char. O ctober... 173,590, 199,663
426,601
382,644
54,668
54.866
A tlanta & W. P. October. ..
15,135
533,831
547,643
13.718
Atlan. A D a n v .. 3d w kD ec.
95,890
89,17^ 2,912,478 2,962,007
A tlantic A Pao.. 4th wkOot.
64,375
*5,595
9,9b8
8,46
Augusta Sout’n. October. ..
190,975
182,097
27.805
24,858
Austin A N ’west 8eptem b’r.
450,369
32.900
35.100
465,879
BalcC hes.A Atl. November.
B .& O .E. O.Kiv. November. 1,645,608 ,558,593
W estOhioRiv. November. 511,810 525.236
Tot. system . November. 2,157.418 ,033.829
Bal. A O. Sou’w. 3d wk Dec. 127,284 126,639 5,926,333 6,271,164
597,420
619,651
80.958
82,970
Bangor AAroost O ctob er...
29,467
26,760
10,375
7,174
Bath A Ham’nds October. ..
21,521
20,969
2,498
3,239
Bir. A Atlantic. November.
429,977
49,692
503,365
53,858
Brunsw’k AW est October. .
57,936
Buff.Rooh.APitt. 3d w kD ec.
59,748 3,261.729 2,967,787
49,004
493,059
393,451
42,347
Buffalo A Susq.. November.
83.804 106,109 4,339,059 4.412,932
Bur.C. Rap. A N. 3d wk Dec.
CanadianPaciflo 3d w kD ec. 4 0 8 ,0 0 ’ 402,00b 19,987,726 18,292,420
55,360
46,455
5,185
4,890
Oar. M idland... November
Cent, of Georgia November. 502,282 518,637 4,665,004 4,566,675
Central of N. J. October. .. 1,263,807 .257,871 10,485,734 10,765,791
Central Paciflo. O ctob er... 1.320,358 ,335.228 10,438,893 10,874,977
39,851
4,780
46,195
5,050
Chari. Cl. A Sut. October. ..
439.859
42,323
466,226
Chariest'nA8av. O ctober...
36,941
Ches. A Ohio---- 3d wkDec. 236,345 213,79b 10,005,816 9,510,093
178,572 196.818 1,282,553 1,295,484
Ches. O. & So.W. J u ly ..........
Chic. Bur. A Q.rf November. 2,823.309 3,,204,987 31,221,403 30,736,470
Chic. A East. 111. 3d wkDec. 109.939) 103,500 3,774,012 3,796,607
Chic. Gt. West’n 3d wk Dec.
89,303!
80.531 4,533.297 3,953,981
Ohlc.Mil. A 8t.P . 3d wk I >eCL 590,5281 653.818 30,530,941 29,817,346
Ohio. A N ’thw'n. November. 2,478,831 3 ,087.368 29,730,719 28,888,613
685,454
633,755
Chic. A No. Pao. October. ..
72.158
67,040
851,592
Chio.Peo.A8tL. November.
817,294
67.718
79,338
Ohlo.R’k I. A P . . November. 1,201,636 ,399.774 14,184,502 14,075,902
Chlo.St.P.M.AO. November. 751,464 831,525 7.496.239 6,849,640
Chio. A W. Mich. 3d wkDec.
26,003
26,937 1,581,918 1,667,919
Choc. Ok.d^rulf O ctober... 135,190 104,722
60,584
4,760
OlmGa. A iw>rta. November.
50,,171
5,017
617,661
Oln.Jack.AMac. 3d w kD ec.
13,611
685,,474
14.581
O ln.N.O .& T. P. November. 280,248 347,750 3,067,,508 3,369,980
256,170
23.417
Cin. Ports. A V. November.
27,709
251.,177
602,933
Clev.Can. A So.. 3d wk Dec.
10,932
685.,909
12,828
13,590,230
OLCln.Gh.ASt.L 3d wk Dec. 265,780 257,650 12,584,,764
Peo. A E ast’n . November. 114,394 168.972 1.553.,023 1,820.103
Cl.Lor. AWheeL 3d w kD ec.
18,894
26,484 1.2 S0,,680 1,443,866
Col.Midland ... November. 158,643 143,402 1,682,,194 1,581,318
Col. H. V. A Tol. November. 253,951 272,187 2,274,,994 2,416,275
797.762
Col. Sand'y A H. November.
61.224
742,,932
75.065
Colusa A Lake.. November.
1,300
17,277
1,200
17,,991
C rystal............... October. ..
540
7,463
1,141
9,,753
710.090
OumbTd Valley October. ..
75.233
87.204
69 \,267
D eny. A Rio Gr 3d wk Dec. 124,000 130,200 7,043,,264 7,070,014
Des M. A Kan.C 2d wk Dec.
93,953
2,134
110 ,,693
1,855
344,492
Des.M. N. AW .. November.
32,494
36,602
405,,255
D et.Lans’gANo. 3d wkDec.
29,605
18.182 1,134,,489 1,116,167
D et. A Mackinac October. ..
309,876
19.268
356,,8)0
24.797
DuluthS.S.AAtl. 3d w kD ec.
23,473
35.872 1,861,,080 1,771,196
E lg in J o l.A E a tt November.
94.481 124,141 1,195,,253 1,057,532
E r ie..................... November. 2,874,327 ,938,976 28,563,,938 28,115,395
Eureka Springs. Septemb’r.
49,544
5.372
5.021
46,,317
JSvanB.AInd’plIs 3d wk Dec.
294.652
5.376
6,799
278,,336
Evans. A Rich.. 3d wkDec.
111,868
1.753
113,,533
2.161
Evansv. A T. H. 3d wk Dec.
22,856
25,321 1,028,,601 1,066.027
Fitchburg.......... November. 642.007 672.971 6,743,,637 6.783,393
F lint. A P.Marq. 3d wk Dec.
55,356
46,046 2,513,,561 2,433.18 *
F la.C ent.A Peu. 2d wk Dec.
41,358
37.873 1,911,,796 1,8 L7,709
984,941
F tW ’tliADen.C. 4th wkNov
29,386
896,.548
24,008
Ft. W. A Rio Gr. November.
361,384
34.925
297,,433
52,716
Gads. A Att. U. November.
8,383
827
9,,738
938
Georgia RR....... 3d wkDec.
35.303
38,515 1,506,,286 1,304,367
G eor^a A A la.. 3d wk Dec.
484,185
23,127
844,,184
14,679
Ga. Car’la A No. Heptemb’r.
479,180
94.636
630,,477!
57,318
Geo. 8o. A Fla.. November > 74.050
805, ,6L0| 751,122
76.101
Gr. Rap. A In d .. 3d wk Dec.
,209)
2.018,479
30,592
1,852
40,56s*
436.970
Ctn.K. A Ft.W. 3d w kD ec.
8.743
8,547
381 ,679
Traverse City. 3d wkDec.
43,300
538
849
43 ,690
Mus. G. R. A 1. 3d wk Dec.
113,226
2,608
1,826!
118 ,036)
T o t all lines 3d wkDec.
40,480!
2,612,133
,615
2,395
51.787'
Grand T run k ... 3d wk Dec. 363,623 356,068 18,049 ,823! 17,415,616
Chio. A Gr. Tr. J2d wkDec.
63.919
59,893 2,982 ,683 2,644,484
DetG r.H .AM . 2d wkDec.
18,711
10,732
907 ,969: 958,610
Cin.Sag. A Mac 2d wk Dec.
2.367
2,927
Tol.8. A Musk .24 wk Dec.,
1,646
1,101
Great North’n—
8 t P. M. A M November. 1,648,388 1,936,680 14,498,392 13,397,817
East of Minn.. November. 213,937 234,420 1,796,103 1,493,381
1,760,208 1,42 L,956
MontanaCent November. 153,971 144,76
Tot. system November. 2,016.299 2,315,807 18,054,703 16,313,154
Gulf A Chicago. November.
0,490
5,810
42,732i
41,948
10.342
8,649
87,284
66,836
G’lf B’mntAK.C. November.
Hoos.Tun.A Wil. •November.
3,218
5.034
41,551
13,037

466,389 508,716 2,599,6071 2.849,564
Hous.ATex.Cen October.
Illinois Central. November. 1,871,091 2,157,388 19,085,470 18,051,632
9,092
435,233
12,439
Ind.Dec.AW est. 2d w kD ec.
452,585
66.636
628.3271
Ind. HI. A Iowa. October. ..
73.928
633,007
99,918
In.A G t.N orth’n 3d w kD ec.
82.928 3,392,883 3.190,812
48,056
JInteroc. (Mex.) W k.Dec.12
39,619 2,201,053 2,162,823
29,884
36,833 1,079.329 1,635,603
Iow a C en tral... 3d w kD ec.
3,283
39,881
4,583
Iron R a ilw a y ... November.
45,038
260,107
25,060
24,833
Jack. T. A K. W. O ctob er...
331,843
3,141
Jam est’n A L .E . October. ..
441.176
9,180
9.598
Kanawha&Mich 3d w kD ec.
438,829
80.100
K.C.F.ScottAM. 3d wkDec.
76,427 4,290,894 4,325,547
33,486 1.151,653 1,085,103
27.637
K.C.Mem. A Bir. 3d wk Deo.
28,749
253,571
24,542
Kan. C. N. W---- November.
222,715
4,225
384
423
Kan. C.& Beat. November.
4,584
775.139
9,411
K.
C. Pitts. A G .. 3d wk 24,501
Dec.
518,792
6,382
327,488
4,548
Kan.C. Sub. Belt 3d wk Dec.
271,039
375,004
7,204
7,794
Keokuk & West. 2d wkDec.
361,143
55.634
8.643
5.851
L. Erie A ll & So. November.
74.238
73,960 3,238,398 3,415,833
61,709
L. Erie & W est. 3d wk Dee.
360.901
37,984
Lehigh & H u d .. November.
31,138
399.161
21,111
166,080
Lex’gton& East. October.
13,747
175,471
Long Isla n d ---- November.
280,168 278,098 3,692,430 3,791.988
85.177
8,453
4,581
Los Ang. Term. November.
137,593
27.712 1,451.940 1,430,941
21.839
Louis.Ev.&St.L. 3d wk Dec.
Louisv.&Nashv. 3d w kD ec. 415.505 419,505 19,718,933 19,342,348
58,404
Louis.N.A.&Ch. 3d wk Sept
73,785 2,209,409 2,272,642
9,396
10,058
Lou.Hen.ASt.L. 3d w k D ec
442,408
432,227
6,563
6,579
Macon & Birin.. November.
56.503
65,847
3,126
2,194
M anistique....... November.
110,639
113,314
38.140 1,272,400 1,221,971
31.258
Memphis&Ohas. 3d wk Dec.
{Mexican Cent.. 3d w kD ec. 219,206 193,37o 9,826,371 9,211,860
M exican Inter’l. O otober... 228.195 253,168 2,411,763 2,147,089
{Mex. National. 3d wkDec. 100,948
88,478 4,993,529 4,283,603
583,144
55,733
Mex. Northern. Septemb’r.
51,306
518,653
70.974
{Mexican R’way Wk.Dec.12
60,681 3,152,251 3,056,003
9,195
11,194
M exican S o ....... 2d w kD ec.
518,675
460,155
11,155
Middle Ga. A Atl. October. ..
9.247
35.044 1.948.723 1,929,528
35,857
Minneap.&St.L. 3d wkDec.
M.
St.P.&S.St.M. 3d w kD
ec.
68.440 3.601.850 3,067,776
67,790
Mo. Kan. A Tex. 3d wk Deo. 261,900 209,555 11,416,641 10,810,027
Mo.Pac.&IronM 3 1 wkDec. 452.000 438.000 21.256.000 22,037,080
752.000
15,000
18,00d
Central Br’ch. 3d wkDec.
593,913
470.000 453.000 22.008.000 22,630,993
Total............ 3d wk Dec.
10,413
10.148
Mobile & Birm.. 3d wkDec.
328,101
286,673
Mobile & Ohio.. November. 353,684 372,969 3,343,611 3,120,467
Mont. & Mex.Git Septemb’r.
75,273 108,777
833,18^
923,027
Nash.Ch.&St. L. November. 403,768 491,701 4,571,014 4,413,572
Nel. A Ft. Sli’p’d November.
3,521
6,395
Nevada Central. Septemb’r.
3,298
5,182
26,238
20,980
N.Y.C. & H. R .. November. 3,882,318 4,201,746 40,436,860 40,318,040
N. Y .O n t.A W .. 3d wk Dec.
76,293 3,762,192 3,635,137
66,170
N.Y.Susq. & W .. November. 210,654 206.009 2,067,752 2,068,320
Norfolk & West. 3d wkDec- 257,487 239,776 10,748,586 9,3r>8,828
Northes’n (Ga.). Septemb’r.
4,002
6,340
43.737
36,073
North’u Central November. 551.897 584,838 5,766.482 5,940,844
North’n Pacific 3d wk Dec. 342,298 338,987 18,330,376 18,764,072
Oconee & West. November.
33,077
2.969
3.538
26,655
Ohio R iver......... 3d wk Dec.
946,401
20.827
17.838
866,444
Ohio Riv.&Chas November.
17.272
170.730
18.581
167,281
Ohio Southern.. November
645.627
78,266
696.109
33,871
Ohio V alley....... Septemb’r.
256,687
268,737
Oregon Imp. Co. October. .. 277.383 299,381 2,720,563 2,709,327
Oreg.KR.&Nav. November. 471,340 382,572
Paoido Mail....... November
324.051 340.331 3,579,,624
.987,981
Pennsylvania. . November. 5,246,424 5.877,024 56,904,,‘272
,987,572
PeoriaDeo.AEv. 3d wkDec.
19,556
891.752
19,761
836, ,191
Petersburg......... October. ..
46,520
45,972
452,918
46*, ,591
Pliila. A E rie.... Ootober. .
527,561 482,845 3.68 4,,581
586,167
Phila. A Read... October. .. 2,060,106 2.274.261 16.885,,701
730,961
Coal A Ir.Co.. October .. 2.767.852 3,350.686 18,936 ,684
998.319
Tot. both Co’s. October. .. 4,827.958 5.624.947 35 822 385
729.28C
Ph. Read. AN.E. November.
69.896
54.262
706,365
632, ,292
Pitts.C.C.ASt.L. November. 1,047,434 1,437,250 1.3,134,,406
115,406
4.596
40,954
Pitts.Lisb.AW ’n November.
39 685
3.227
13,697
Pitts. Sh. & L. E. j3d wk Dec.
602.191
9,719
617,,920
29.193 1,622,,562 1,604,442
Pittsb. A Wea’nJ3d wkDec.
29,010
15.529
867,780
Pitts. Cl. A Tol. 3d wk Deo.
719,,819
14,278
5,177
3.502
P itts. Pa. A F . [3d wk Dec.
341.128
375 .661
49.899 2,705,,929 2,947.617
Total system .. 3d wkDec.
46,790
98.864 147.858 1,311,,830 1,626.104
Pitt. Young. A A . INovember.
22,359
Quincy G.v« K.C. [November.
237.996
20,449
269,,229
61,959
54.426
Rich.Fr’k8b &P. October. ..
613,558
593,,462
29.285
284.204
27,752
Rich.A P etersb .1October. ..
288, 057
11,326
Rio Gr. South’n. 3d wkDec.
441,159
439.,560
7,760
40.700 2,333,,381 2.326,799
40,250
Rio Gr’de West. 3d wk Dec.
11.353
85,341
82,,149
11,187
Sag.TuscolaAH. Septemb’r.
5.861
0,494
St.L.Ken’etASo. November.
633.557
4,9*40*633
5,076,009,
St.L.&San Frau. Ocioher. .. 574,043
8t.L. Southwest 3d wk Dec. 123,091 119,280 4,707,109 4,903.838
St. Paul A D u l.. November. 155.332 174.190 1,429,350 1,458.888
San Ant. A A. P . November. 233.004 167,995 1,899,017 1,794,069
64,239
760 063
SanFrau. A N .P. November.
693,510
58,524
8a v. Fla. A West October. .. 320,441 312.759 2.822,568 2,796,248
317.862
Sher.Shrev.ASo. 1th wkNov
19,719
272,841
13.867
Seab’rd Air Line Septemb’r. 334,876 250,736
11,617
16,882
151,151
161,529
Sil.Sprs. O. A G. Ootober. ..
7.037
3.674
S ilv erto n ...........November.
1,363
18.465
25,804
2,599
Bo.Haven&East November.
8o.Paoliic Co.—
Gal.Har.AS.A Ootober. .. 533,047 551.729 4,135,998 3,895 336
884.645
744.700
Louis’a. West. October. .. 106,916 122,250
Morgan’sLAT. October. .. 630,943 640,215 4,083,112 4 626,393
197,683
219,402
26.897
36,925
N.Y.T. A Mex. October. ..
Tex. AN. Orl.. October. .. 136,911 165.665 1,106,713 1,356,244
AtLProp’tes.5 October. .. M 9 5 U 1 9 f 2056650 r 13402409 f 14351353
Pacific system O ctober... 3,228,794 3,291,565 26,435.948 ,26,982,607
Total of all.e October. .. 5,179,912 5.348,215 39,838.604 41,333,961
So. Pac. of Cal. October. .. 949,172 1.004.947 8.289.805 | 8,654,820
So.Pao.ofAriz. Ootober. .. 224.893 250,903 1,840.165 j 1,857,431
890 415
935,022!
So.Pac.ofN.M. October. .. 106.127 116,426
N orthernR y.. October. .. 236.127 205.365 1,840,290 1,648.807
388,994 453,260 18,069.338 18.285,796
Southern R y___3d wk Dec.
254,249
396,551
39,556
29,124
Spok.F’ls ANor. November.
810,513
810.479
Staten I.Rap.Tr. August___ 147,437 153,020
39,213
37.182
2.512
1,958
StonyCl. AC.Mt. Ictober.
968,565
788,836
94.089 111.150
Summit Branch. October. ..
605.282
91.246
724
563
88.476
Lyk. Val. Coal. October. ..
Tot’l both Co’s October. .. 182.565 202.390 1,513,399 1,573,847
298,149
275.291!
11,677
7,755
Texas Central.. 2d w kD ec.
T exasA P aoifio. 3d wkDec. 178.902 222,943 6,541,383| 0.762,113
3,292
3,496
Tex.S. V.AN.W . November.
32,726 1,7*36,252 1,793*22*1
30,439
ToLAOhioCent. 3d w kD ec.
966.263
923,647
23,290
18,486
ToL P. A W est.. 3d wkDec
40.338 1.866.806 1.619.868
48,717
ToLSt.L.AK .C 2 d wk Nov
319.153
313.002
Ulster A D elaw .Septem b’r.

THE CHRONICLE.

38

Jan 1 la L a u ti /MM

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•

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059,003
15,1 S3
092,048
I
221,477
*70,478
m ss*
18,342,146
iS ltM 4
*1,617. U S - 2.6 t t ,778
12,33 7,280
2 * 0 ,6 9 7 S
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Ms ' 1*»: • ,, t„r*6v;:>* A iMMlaoB, M4MMM OnkBB and l*»vsnwortb
ta&tX* A Swath . - i v re Tt»w* Agate* taetad#result*oo wu»lllnee.
* luciz 3,4
frvta ferries, oto., *ot given separately. ! Mexl• Include* only hall of Una* iawhteb Union P*Olfl# O u
•
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,s

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■t V a t n ! r « » » i * K o rU n re a ta ra a n d Pi- W o rth

L atent Uro*» E a rn in g s b j W eeks.—The la te st w eekly eam 18 .■» to the foregoing are Mtparntely sum m ed u p a s follows:
>‘or tit • tiiir ! we -k of D ecember o u r prelim inary statem en t
•o rera * ' roads, and show# V38 per cen t loss in th e ag gregate
e»«r th e sam e w eek last y ear.
[

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lo w * i t e i i w . . . . . . ......
E*sk*’* ,4 » A MSAUc i a , ...
S a s . 01 ty yt* S- At ll# ® ..
E a s - C* a fim . A BSrm ....
K a* . e n f F ltt» b . A a till

jmss* <211# SsbaytJL S » i t , , 1
IrfMtA n
At W «0t*ra
h e m x t . ptM M ir, A i t L
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IlMeftifiBhl A. RlMt&flll#.,,
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IbkiOMAt 0 m s m & * ^ :V, ....
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At Mtffjalii.'tfli,*,® „,
If., 0 # i# fi# At
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O hio in w ™ , ....... !
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iM tttcfa M#i,:NrAf. .....

#
37.731
13,718

57,936
83,304
4 0 8 .0 0 0
3 3 0 ,3 * 5
109.939
80,303
5 9 0 ,528
2 6 ,’ 03
13,611
10,032
3 6 5 ,780
1.8.894
124.000
29.605
23,4 7 3
5.376
1.753
2 2 .8 5 0
,55.356
35,308
2-3,127
30 ,5 9 3
0.749
538
2,608
3113,633
8 9 ,9 1 8
29 ,0 * 4
9.508
80 ,1 0 0
27,6 3 7
24,501
6 ,tS 2
61,700
21,8 2 9
10.058
4 1 5 ,505
3 1 ,2 5 8
2 1 9 ,2 0 6
lo o .tu s
35,8 5 7
67 ,7 9 0
2 8 1 .9 0 0
4 5 2 ,0 0 0
18,000
10,148
60.176
257,487
342,208
17,838
19,761
9,719
46,7 0 0
7,7 6 0
46,250
123,091

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AO. 439
18.486
2153 U
2 4 .0 6 0
7 0 , ‘-2m

1895.
•
41,301
15,135
1 2 9 ,6 3 )
59,748
1 0 0 .103
4 0 1 .0 0 0
2 1 3 .796
1 0 3 .500
80,531
6 5 3 ,8 1 8
26.9 3 7
14,581
12,9281
2 5 7 .650
26,484
1 3 9 .200
19.182:
35,872
6,799
2,181
25,321
40,046
3S.S15
14.679
*0,565
8.547
840
1.826
350.068
8 2 .9 2 8
36,333
9 .1 8 0 '
76.4 2 7
3 3 ,4 9 t
9,411
4,5*8
7 3 ,9 6 0
a .712
9,3 9 6
*19.505
3 8 ,140
193.370
88.478
3 5 ,0 4 4
0 9 .4 1 0
2 0 9 ,555
4 3 8 ,000
15,000
10,413
7 0 ,8 9 *
2 3 9 ,7 7 4
3 3 3 .987
20.827
19.556
13.097
49,609
11.326
49.7 0 0
119,230
4 S3,260
2 2 2 ,0 4 3
32,726
2 3 ,2 9 6
2 5 0 .6 )7
5 0 ,7 0 9
29,201
70,207

I n c r ta tt.
*
. . . . ___
645
____
........
6,000
22,549
6.4 3 9
8,772
______
..............
........
.............
8.130
11,423
.......

D tereaM .
t

3,5 7 0
1,417

1,812
22,305
.... ....

6 3 ,290
9 )4
970
1,896
7.590
6.200
12,399
1,423
408
2,485

9,310
3,207
i 449
9,973
1,799
311
782
7,555
16,9 9 0
.............
418
3.673

6,949
5.849

15.090
1,834
........
.............
662
.............

12,251
5,873

25,9 3 6
18,470
813
.............
52,34*)
14,0 0 0
3,000

650

............
17.711
3,311
205

" s 's 'o o
3.811

♦»»*
1,600

4 ,0 0 0
6,8 8 2

265
10,117
2,989
3 ,9 7 8
3,1 0 9
3,5 0 0
64.200
41,041
2,237
4,8 1 0
3 4 .856
4,331

3n

[Voi. LXIV,

w h i c h m o n t h l y r e t u r n s c a n b e o b t a i n e d i s g i v e n o n c e a month
i n tin

•• c o l u m n s , a n d t h e l a t e s t s t a t e m e n t o f t h i s

be found in the CHRcmcLS of December 19,1896.
will appear in the issue of Jan u ary 23,1897,
.

Orosir t u r n in g s .-— . .

1890.
1895.
K oo4t,
8
S
Ai*t).H !i»O t 6 m tth a ..S o r .
15 4,288
1 9 0 ,4 3 3
.U n . I !■> N ov. 8 0 ____ 1 ,3 0 6 ,7 * 7 1 ,4 7 1 ,8 5 7
J u ly 1 to N o v .8 0 . . . .
0 9 4 .2 4 5
7 7 3 ,6 8 0

Alabama M idland....O ot.

Jan. 1
J tllj l
A tu b . T o p
Jan. 1

02.833

62,574

to O ut. 3 1 ........
5 2 1 ,3 3 5
4 4 9 ,6 3 7
to O u t 3 1 ........
2 1 7 ,2 2 9
2 1 0 ,9 0 7
A 8 .P e ,b ,.N o r . 2 ,9 3 1 ,9 0 4 2 ,3 0 4 ,6 4 3
to S o_y . _
3 0 ........2_6 ,9 2_5 ,3 9 1H2 6®,0 9 6 ,1 1 0

kind w ill
The next

I t r t K a r m n g n .—

18 9 6 .
*

1895,

3 7 9 ,6 0 7
2 5 7 ,4 7 6
1 6 ,7 0 6
7 2 ,2 43
3 4 ,8 2 3
9 3 5 ,8 1 9

167,618

70,901

9
9 0 ,3 5 0

301.314
1 7 ,3 3 1
2 3 .3 7 1
3 0 ,0 8 5

S13.329

7,569.731 5,029,848

July 1 to Hoy. 30. ...1 3 ,3 3 5 ,1 5 3 12,613,33* 4,135,885 2 ,7 3 0 ,7 0 7
4 9 ,8 9 2
2 3 ,1 1 6
1 8 ,0 0 7
Branswlck A Went ..Got.
53,858
1 7 4 ,2 5 2
81.563
4 2 9 ,9 7 7
Jan. I W Oot. 3 1 .......
503.385
7 9 ,2 3 5
1 80,413
41,533
Ju ly 1 W Out. 3 1 .......
203,819
8 6 2 ,1 4 8 1 ,0 0 8 ,0 8 8
Canadian Pacific,
Hov. 1,984,631 2 ,1 2 9 ,0 2 5
Jan. 1 to S o y . 30.......18,755,733 17,016,420 7 ,1 8 3 ,1 4 9 6,000,430
2 1 3 ,6 4 9
210,381
Gent, of Georgia. «..N ov. 502,282
518,637
1,568,675
1 .1 0 4 ,9 5 8 1,105,783
Jan. 1 to S oy. 30. 1,665.001
'
3 ,3 0 5 ,2 1 6
882,050
8 5 6 ,5 6 3
July 1 to S oy. 30. 2,260,056
C ant * . Y. A Western—
3 1 ,8 2 1
6 ,0 0 0
7 ,2 2 3
Ju ly 1 to Sept. 3 0 . . . .
21,914
36,941
4,628
1 1 ,0 7 0
Char. AMavannali. ..Oot,
12,32*
4 3 9 ,8 5 9
Jan. I to Out. 3 1 -----466,226
8 1 .8 5 9
110,110
136,503
3 ,8 8 3
1 7 ,3 1 0
Ju ly 1 to Oot, 3 1.......
141,373
2 9 6 ,4 1 2
8 8 9 ,6 3 6
2 9 7 ,1 5 7
Olio*. & O h io .a ........ Nov. 875,035
Jan. 1 to S o r . 3 0 ..... 9,356,371 8 3 6 8 .7 0 5 3 ,0 3 7 ,2 8 4 2 ,8 5 1 ,8 6 9
Ju ly 1 to S oy. 30....... 4,339,710 4 ,2 7 4 ,8 4 9 1 ,5 0 5 ,3 2 7 1 ,1 2 1 ,3 3 8
Ohio. Barl.& Q uln.b..N ot 2,823,309 3 ,2 0 1 ,9 8 7 1 ,1 4 0 ,6 0 0 1 ,,3 3 6 ,3 3 5
Jau. 1 to S ot. 30.3 1,221,103
30,736,170 11,689,810 11,389,719
Ohio. M. A 8t. F .» ...N ot. 2,738,520 3,116,687 1,255,629 1,653,827
11,623,285
Jan. 1 to S o y SO.2 8,781,506 27,843,31110,616,291
Ju ly 1 to Nor. 30...................11,167,404
15,303,069 5,543,868 6,665,735
Olove. Canton A 80 . .S o y .
56,151
61,090
15,089
6 ,0 7 1
134,924
125,670
Jan. 1 to S oy. 30..............................
651,331 622,313
Ju ly l to S o y . 30.............................
323,904 321,486
81,771
5 8 ,5 8 2
0l6T.Oln.0.A8C. L .a .S o y . 1,019,812 1,202,632
334,571
2 4 3 ,5 6 2
Jan. 1 to Nor. 30....... 11,807,01112,817,230 2 ,7 8 8 ,0 5 0 3,252,218
1,657,912
Ju ly 1 to Not. 30....... 5,181,971 0,223,071 1 ,3 3 4 ,5 3 0
1 6 8 ,9 7 2
Peoria A E ast’n a.,Nov. 111,391
37,588
1 0 ,6 2 9
Jan. 1 to S o y . 30 ....... 1,553,023 1 ,8 2 0 .1 0 3
463,910
3 2 9 ,3 2 5
221,831
8 8 1 ,1 0 1
682.856
July 1 to S o y . 30.......
1 3 2 ,3 1 8
766,613
7 9 7 ,8 6 2
Brio ............................S ot. 2,871,327 2 ,9 3 8 .9 7 6
Jan. 1 to Nor. 30_______________ 28,563,958 28,115,395
7 ,8 1 1 ,3 4 1 7,039,698
8 ,4 2 0 ,5 8 3 7,591,550
Geo. 1 to Nor. 30..............................31,082,685 30,318,755
32,033
Pt. Worth A Bio G r..Oot.
38,607
53,758
1 8 .4 0 0
Jau. I to Oat. 3 1 ______________
202,508 303,663
101,092
8 5 ,9 1 6
33,911
7 6 ,1 0 0
Ga.!8 oatk, A F la. * ...S o r .
74,650
* 26,254
7 5 1 ,1 2 1
*200,839
Jan. 1 to S oy. 30..................
805,616
239,381
141,702
3 6 4 ,6 1 3
July 1 to S oy. 30..................
380,375
* 1 2 8 ,4 1 5
3 0 .1 6 3
1 6 3 ,1 1 5
Iowa Central.b .....S o y .
125.233
60,39 8
519,610
5 2 7 ,3 1 3
Jan. 1 to Sov. 30....... 1,586,770 1 ,5 1 9 ,4 1 2
7 8 6 ,9 4 2
309,16 0
July 1 to Nor. 30 .......
683,337
2 0 7 ,9 6 7
92,040
7 2 ,8 4 1
Minn. A St. Louie__ N ot.
170,191
1 9 5 ,1 9 6
7 3 2 ,6 9 7
Jau, 1 to S ot. 30. . . . 1,830,003 1 ,8 1 5 ,1 2 3
772,267
416,641
9
8
1
,5
7
3
Ju ly 1 to N ot. 30.......
932,728
1 1 8 ,3 5 0
530
Nelson & Ft, ShopM-Nov.
6,395
3,5 2 1
3 ,4 6 0
North, Central.b.......N ot. 551,897
179,678
1 6 9 ,6 4 1
53 4 ,8 3 8
Jan, l to Soy. 30....... 5,766,182 5 ,9 4 6 ,8 1 4 1 ,5 1 3 .2 0 7 1,762,076
11,16 2
5 6 ,5 3 6
Oregon Imp. Co.n__ Oot.
277,383
2 9 9 .3 3 1
3 2 9 ,7 3 4
Jail. 1 to O ot 3 1 ....... 2,720,563 2 ,7 0 9 ,3 2 7
2 9 7 ,3 6 1
3 5 1 ,6 2 7
Geo. 1 to Oot. 3 1 ....... 2,960,890 2 ,9 8 6 ,5 2 3
2 )3 ,0 5 3
Oregon EB. & N ar. .Hov. 171,340
2 4 2 ,4 1 1
3 3 2 ,5 72
61,647
5 1 .8 3 * .
3 1 0 .3 3 1
Paoltlo M a d .............. S oy,
321.051
Jan. 1 to N ot. 30....... 3,579,624 3 ,9 8 7 ,9 8 1
727,955
503,70,7
May 1 to N ot. 30....... 2,242,012 2 ,5 1 7 ,6 6 9
4 9 8 ,0 3 6
3 6 2 ,7 4 4
Pennsylvania—
Lines directly operated—
East of Pitts.&E..NOV, 5,246,124 5,877,621 1,796,2 >9 2,009.038
Jan. 1 to Sov. 3 0...56,901,272 53,987,572 16,565,171 17.98 3,171
Deo. 562,200
W est of P i t t s A E ..N 0V,
Deo. 1,026,800
D e o .l,898,900
J a n . 1 to N ov. 3 0 ...
Deo. 2,829,700
A ll lin e s o p e r a te d —
E a s to f P ltte & E ..N ov.
Deo. 841.100
J a u . 1 to N o t . 3 0 ...
Deo.2,800,500
W e s to f P ltts .A E ..S o y .
D eo.1,093,800
J a n . 1 to S o v . 3 0 ...
Dec. 2, 955,400
6 9 ,8 9 5
P h il. B ea d . A .S .E n g .N o t .
54,262
6 3 2 ,2 9 2
J a n . 1 to S o v . 3 0 ........
7 0 6 ,3 6 5
B io G P u d e S o u th ,.b ..N o y .
3 7 ,4 1 7
5 4 ,0 9 1
J a n . 1 to N o r, 3 0 ........
4 1 5 ,5 3 5
1 06,391
J u l y 1 to S o y . 3 0 ........
2 2 2 ,9 1 9
196,031
B an A n t. A A ra u , P ..N o v .
2 3 3 ,0 0 1
1 6 7 ,9 3 5
J a n , 1 to N o v . 30. . . . 1 ,8 9 9 ,0 1 7 1 .7 9 1 ,0 6 9
B ay. F ta . A W e s t . b .. O o t
3 2 0 ,1 1 1
3 1 2 .7 5 9
J a u . 1 to O ot. 3 1 ..
2 ,8 2 2 ,5 6 8 2 ,7 9 6 ,2 1 3
J u ly 1 to O ot. 3 1 ........ 1 ,0 3 7 ,1 0 8 1 ,0 9 2 ,4 7 6
S lly e r S p . O oala & 0 ..O o t,
1 6 ,8 8 2
1 1 ,6 1 7
J a n . 1 to O ot, 3 1 ........
1 6 1 ,5 29
1 51,151
J u ly 1 to O ot. 3 1 ........
5 1 ,117
5 2 ,9 6 0
S o u th e rn R a tlw a y .a .S o v . 1 ,6 8 4 ,1 7 8 1_________
,8 8 7 ,3 1 1
J a n . 1 to S o v . 3 0 ..........1 6 ,3 9 5 ,5 4 6 1 6 .9 8 1 ,9 S3
J u l y l to N ov. 3 ) ......... 8 ,1 3 8 ,7 9 1 8 ,5 8 1 ,5 9 1
S p o k a n e F a lls A S o .N o t .
3 9 ,5 5 8
2 9 ,1 2 4
J a n . 1 to S o y . 3 J ............................... 3 9 6 ,5
1
2 5>4,213
J u ly 1 to S o v . 3 0 ........
2 0 8 ,7 5 1
1 4 0 ,8 0 2
W a b a s h .b .....................N ov.
9 0 5 ,8 1 1 1 ,0 6 8 ,5 5 3
J a n . 1 to N ov. 3 0 ......... 1 0 ,9 9 3 .5 2 9 1 1 ,5 8 0 .7 4 7
J n l y 1 to H o t . 3 0 ......... 5 ,1 6 8 .6 3 3 5 ,9 9 7 ,7 3 7
W hst.N. Y. A P e n n , b . S o t . 2 5 1 ,3 7 5
3 1 4 ,0 5 3
J a n . 1 to SOT, 30. . . . 2 .8 1 0 ,1 6 5 3 ,0 6 1 ,4 4 2
J n ly l to N o t . 3 0 ......... 1 ,4 4 1 ,9 5 1 1 ,5 0 8 ,9 8 0

Deo, 287,400
D eo.2,214,800
Dao. 593,900
D e o .l,868,500
18,213
3 ,5 3 9
184,314
1 7 5 ,2 9 3
31,240
2 0 ,4 9 0
209,777
1 7 3 ,1 9 8
127,159
9 1 ,3 8 7
53,618
8 5 ,5 6 8
498,133
6 0 5 ,6 7 0
103,945
1 0 5 ,2 2 5
825,693
7 0 9 ,2 7 1
231,631
2 4 6 ,9 7 9
4,101
9 ,5 8 3
51,177
8 3 ,1 5 3
19,227
22,100
715,050
6 2 2 ,4 8 3

4 ,8 1 2 ,3 4 2 4 ,8 1 0 ,2 0 8
2 ,7 L6.071 2,392,893
13,570
2 5 ,9 7 5
145,085
2 2 8 ,5 9 3
83,905
1 1 9 ,6 5 5
2 2 3 ,6 5 2
269,179
3 ,0 4 6 ,6 2 7 3,199,838
1 ,6 0 9 ,0 6 0 1 ,8 3 3 ,4 8 3
9 4 .1 3 7
8 8 ,4 2 1
9 9 8 ,3 1 5
812,658
456,001
5 6 9 ,5 3 2

3 0 3,018
87,34 4

* Net earnings here given are after do luot.lag ta res,
b S al earnings here given are before deducting taxes.
Prior to July l , 1398, taxes were included in exp en ses J o t 1893
only, but since than they have been taoluded for both 1896 and 1895.

N et B arn I air* l o a t h l y to L atest H ates.—The table follow
ls « •bow* the net a a n tfa g t of HriaM railroads reported th is"
w*ek. A, fall d e ta tl» i statem en t, in cluding all roads from

Interest Charges and S arp la s,—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, Sc., with the surplus or deficit
above or below those charges.

mm

f#A4»'S **
■

j 6 ,7 2 8 ,6 3 0
- -

2 7 5 ,0 0 4
....—

J asuaj- y 2, 1867.]

THE CHRON LCLE,

Bai. o f Net H a rm 1896.
1895.
1896.
1895.
Roads.
$
$
S
S
Ohie. Burl.* Qainoy..Nov.
880,000 872,954
260,600
463,381
Jan. 1 to Nov. 30....... 9,630,000 9,602,499 2,009,810 1,787,220
d e 7 .C in .0 li.* St.L..Nov.
240,768 241,236
7,794
93,285
July 1 to Nov. 3 0 ....... 1,170,330 1,181,674
159,700
476,238
P e o r ia * E astern...1407.
36,802
36,802 dof.26,173
786
July 1 to N ot 30.......
184,008
134,008 d ef.51,660
37,623
Ri< Grande Sooth .. .N ot.
11,107
14,343
6,383
16,892
70,533
71,832
20,851
55,327
July 1 to N o 7. 30___
NORTHERN PACIFIC.
Nov., 1896.
Sept. 1 to Nov. 30.
Gross earnings__ _____
.....$ 1 ,6 8 2 ,3 9 5
$6,014,407
Operating expenses ...........................
935,213
3,045,652
r-ln le r’t, rentals, *e.—.

Net earnings
..................
Operating chaiges, taxes and r e n ta ls...

$747,182
50,956

$2,968,755
149,474

Net operating ir com e------------------- $696,226
M iscel. income not includ’g land sa le s..
20,373

$2,819,281
55,026

Total n et income . . . . . . . . . . . . . . . . . . . . $716,599
$2,874,307
The operating expenses from September 1, 1896, include a propor­
tionate part of the estim ated ta x es and rail and tie tenets ala for the
ourrent ftsoal year o f the n ew company, being ten m onths to J u ly 1,
1897.

S TR E E T RA.ILWA.YS AND TR A C T IO N CO M PANIES.
The following table shows the g ro ss earnings for the latest
period o f 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
th e same as that for the steam roads—that is, the first two
oolumns of figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
th e calendar year from January 1 to and including such latest
w e e k or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Gboss

E abnings .

Latest Gross Earnings.
Week or Mo

1896.

1895.

Jan. 1 to Latest Date

1896.
$
90,175
191,118
80,744
45,195{

1895.
$

$
$
5,466
Akron B e d l'd * ClevJNovember.
6.19?
168,733
Akron Bt.Ry.* 111. Co. November. 16,180 15,671
Allent'n & Leb. 1 r’t’njMay........... 21,234 19,119
72,223
3,9261
3,828
Amsterdam 8t. R y...iN otem b er.
42,833
3,309
Anders'DSt. Ry.(Ind.) October. ..
4.665
" " ..... I
8,768
6,171
Atlanta Railway.......[November.
4,971i 5,650
Aurora 9t. Ry. (His.). November.
Baltimore Traction.. November. 95,804 94,74811,148,712 1,060.209
1,424
19,022
19,214
1,493
Bath 8t. Ry. (N. Y.K November.
----------------83,475
6,5t O' 6,78s'
Bay Cities Coniol— November.
81,669
9,51c 132,315 116,249
Binghamton St. B y .. November. 10,233
Bridgeport Traotion November. 23,841 i 2 4,427 [ 296,606 278,841
Brockton Con. St. Ry November. 23,899 20 370! 293,929 252,355
Brooklyn E levated. J u ly ........... 127,910 159|745 1,040{526 1,282,454
Br’klyn Rap.Tr. Co.—
Brookljn H eights.. November. 360,047 334,924 4,030,943 3,536,622
Br'klyn Qu'ns * Sab November. 59,311 51,483 659.707 560,674
Total for system November. 419,358 386,407 4,690,650 4,097,298
1,031,237 985,799
Bnfialo B y ................... Septemb’r.
Chester Traction__ November. 14*63*2 l i ’a’o'i 191,354 190,352
Ohio. & So. 8ide R.T. November. 57,437 63,885 639,230 659,491
Cln. Newport * Cov.. A ugust___ 62,976 62,736 436,377 405,371
1,607
City E lec. (Rome.Ga.) November.
13,825
Cleveland City R y ... A ugust___ 113,394 100,062 762,634 688,188
Cleveland E le c tr ic ... November. 126,058 130,137 1,499,266 1,367,757
5,382
Clove. P a in sv .* E — November.
Columbus St. Rv. (09 1st wkDeo. 11,096 12,036 589,896' 586.023
Coney Island as B’lyn. November. 21.863 22,316 319,634 358,069
Consol. Traction. N.J Septemb'r.
245,538 2,092,756i 1,869,635
Danv. Gas El. Light *
9,209
Street R y................. November.
8,845
Dayton Traotion........ A ugust___
5,914
Denver Con. Tramw November 53,059 541558 666,614 658,845
388,225
Detroit R y................... November, 31,763
Duluth St. R y............ November. 16,732 19,307 213,067 216,505
Enterp. RR. (Cbas'n. July
4,857
4,331
Erie Elec. Motor Co.. November. 10,441 11,242 1 3 9 4 8 6 137,50‘i
66,790
95,514
Fort Wayne Consol.. July
19,282 13,012
Galveston C ity R y .. November. 16,632 15,848 196,255 200,487
Herkimer Mohawk II
Ion & F'kfort El.Ry O ctober...
3,302
3,290
35,571
Hlng'm (Mass.) 8. By J u ly .........
9,800
Hoosiok B y ................ O ctob er..
■'7.233
601
Houston City 8t. R y .. O ctob er.. 18,714 17,346
Interstate Consol, o)
8,904 114,020
North A ttleb oro... November.
9,736
Kingston City Ry....... November.
4,033
4,297
Lehigh Traction....... November.
111,226
9,369
London 8t Ry. (Can.) November.
86.511
6,558
Louisville R a ilw a y ... A ugust---- 103,061 105,647
Lowell Law. * Hav November. 28,482 29,207 370 834 392,640
. . . ___ 1,38 0 4 7 0 1,339,413
Lynn * Boston....... 2d wk Dec. 23,311 20,265
Metrop. (Kansas City) 3d wk Deo. 31,910 32,005 1,894,826 1,656,371
Montgomery
8t. By
4,154
52,5951
46,281
4,802
. . .
_ November.
Montreal Street Ry.. November. 100,787 93,454 1,172,831 1,049,611
Nassau Eleo. (B'klyn) November. 119,943 26,602
Newburgh Eleotrio... November,
5,793
5,121
New England 8t.—
W inchester A v e __ November.
14,677 15,291! 229.023 216.540
28,377
Plym 'tb * Kingston November.
31,427
2,029
2,190
T o ta l..................... .November. 16,867 17,320 260,450 244.917
40.252
47,364
FewH avenACentrev [October.
4.769
4,562
48,351
50,347
2,718
New London St B y .. \November.
3.042
,106,286
119,877[
1,108,668
New Orleans Traotior O ctober... 104,195
N. Y. * Queens G y ... November. 28,100
16,150
Ogdensburg Bt. Ry. Novem ber.
1,342
Paterson R y.................{November. 23,619 24,854 293,722 273,123
14,442
Pittsb. Ft.Bub. El.Ry.[November.
1,321
74,057
Po'keepsie & Wapp. F. ]O ctob er...
6,352
7,289
8,420
Rapid By. (Detroit).. Septemb'r
23,979
27,590
3,892 'i',02‘3
Roanoke Street-.........A u g u st...
652,373 647,065
Rochester Ry.......
Septemb’r.
84,205
90,119
Bcbnylklll Traction.. November. '8,251 *8,223
44,546
4,532
4,0(8
58,648
Bcbuylklll Val. Trac. November.
Bcranton * Plttston.. November.
5,477
Boranton Traotion— [November. 30,201 26,685 320,755 270,117
Second Ave. (Pittsb.)[November. 36,804 36,147 464,249 319,255
71,733
71,739
6,183
6,829
8'on x City Traotion [November.
2,741
2,803
34,619
Syracuse E'»t-81deRy November.
33,922
Syracuse Rap. Tr. Ry. November. 31,032
Terre H aute El'c, By, October. .. 12,450 11,997 137,764 120.771

G ross
Earnings .

39
Latest Gross Earnings.
Week or Mo

Third Ave. (IT. Y .).... Septemb’r.
November.
Twin City Rap. Tran. November.
Union (N. Bedford)... November.
United Tract. (Prov.) November.
Unit. Trao. (Reading) November.
Wakefield & Stone__ November.
Waterbury Traotion.. November.
Wheeling R ailw ay... November.
Wilkesb. & W y.Y alley November.
Wilmington 8t. R y... Septemb’r.
Worcester Consol.__ O ctob er...
Worcester Sub.St. Ry. Septemb’r.

1898.

1895.

$

$

75*557
159,335
15,512
131,643
12,142
3,592
22,213
12,716
41,24*
3,458
40,109
14,291

78*447
162.666
15,10“
133,628
13,146
3,835
21,886
12.928
39.401
3.092
39,04b

Jan. 1 to Latest Date

1896.

1895.

$
$
2,000,858 1,998,723
904,354 902,498
1,866,410 1,796,352
192,271
169,952
1,580,923 1,495,031
176,386 172,002
53,175
51,758
223.593 222,508
152.949 137,377
461,850 407,105
::::::::

........

Street R ailw ay N et Earnings.—The follow ing table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street rail­
ways, we adopt the same plan as 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 Satur­
day) we bring together all the roads furnishing returns, and;
the latest statement of this kind w ill be found in the
Chro nicle of December 19, 1896. The next w ill appear in
the issue of January 23, 1897.
'nings .— . ----- Ket E a m in o s .——*
4896.
1895.
1896.
1895.
$
$
$
$
Danv.Gas El.-L.*St.Ry.Nov. 9,209
8,845
4,374
3,771
Duluth Street R v... .Oot.
18,441
19,797
9,181
10,692
Jan. 1 to Oct. 3 1 ........
184,254
1-7,683
97.200
97,461
Twin City Rapid Tr..Nov.
159,335
162,666
88,625
94,317
Jan. 1 to Nov. 30....... 1,866,410 1,796,352 1,065,802 1,023,181
Roads.

ANNUAL

REPORTS.

Annual Reports.—The following is an index to all annul 1
reports of steam railroads, street railways and miscellaneous
companies which have been published since fcb.s last editions
of the I nvestors ’ a nd Street R a il w a y SGjfpD^ENTS.
This index does n o t include reports in to-l N C h ro n ic le .
R a ilr o ad s an d M isc e l . C o’ s.
Volume 63—
Page.
Akron &Chicago Junction....... ..1007
American Cotton Oil............. 1007,1019
American Type Founders.............. 792
Anaconda Copper Mining.............. 1150
Atch. Topeka A Santa Fe (0 mos.). 791
Baltimore & Ohio............. 901. 921, 925
Do Little’s report. 1009, 1040,1002
B. A O. Southwestern............ 1006, 1020
Buffalo & Susquehanna................. 1154
Canada Southern.............................1155
Central of Georgia R y..ll39,1164, 1100
Central Ohio.....................................1007
Chicago Burl. A Quincy.................. 877
Chic. June. Rvs. A Un. Stk. Yds.... 878
Chic. Peoria A St. Louis (6 mos.).. 791
Cincinnati Portsmouth & Virginia. 791
Cleveland Akron A Columbus........1112
Cleveland Canton & Southern......1150
Cleveland Terminal A Valley------ 791
Cleveland A Cincinnati Midland ..1007
Columbus Sandusky & H ............... 835
Evansville A Indianapolis.............. 878
Interoneanic of Mexico...................1113
Iron teamboat Co......................... 900
Kanawha & Michigan ................... 792
Kan. City Ft. Scott & Memp......... 1155
Kansas City Memphis A B..............1156
Lake 8hore & Michigan Southern.1155
Lehigh A Hudson River.................1111
Long Island RR.............................. 830
Manhattan (Elevated) Ry.............. 870
Mergenthaler Linotype Co.............1157
Mexican Northern........................... 792

R a ilboad At';
’0,SI,- Co’s ( Oon.)
Volumes 6S ly »ror
Page.
Page.
Mexican Sontht^
, . Q&.t................... 1112
Michigan Centt*...w,v.................... 1165
Missouri Pacific.............................. 877
Mobile A Birmingham....................l i l t
Newark Somerset A Straitsrllle. ^.1008
Northern Pacific.................... 835, 1060
Northern RR. of New Jersey....... 837
Penn. Heat Light A Power............ 793
Pittsburg &Western......
1111
Sandusky Mansfield & Newark...... 1008
South Carolina A Georgia....... .. 965
Southern Pacific............................ 835
Sullivan County.............................. 877
Vermont Valley.............................. 877
Welsbach Commercial Co............ 1061
Wheeling & Lake Erie................... 792
Wilmington Columbia & Aug....... 1155
Wilmington & Weldon...................1155
Wisconsin Central.......................... 921
St r e e t

R a il w a y s .

Brockton Consolidated...................1008
Buffalo Ry....................................... 1160
Globe St. Rv. (Fall River)..............3001
Lowell Lawrence A Haverhill.......1001
Lowell A Suburban..................... 1001
Lynn A Boston............ ..........1007,1113
North Shore Traction..................... 1113
Rochester Ry.................................. 905
Springfield (Mass.) St. Ry..............1001
Union St. Ry. (New Bedford)........ 1001
Union Traction Co., Phil................1060
West End St. Ry. (Boston)............ 90©

Cleveland Lorain & W h eelin g R a ilw a y.

( R eport f o r the yea r ending June 30, 1896.)
President M. D. W oodford says in part:
D evelopm en t o f B u sin ess,— The new industries put into suc­
cessful operation during the year include the mammoth steel
works of the Johnson Co. at Lorain, the blast furnaee of the
Penn Iron & Coal Co. and the tin plate m ill of the Reeves
Iron Co. at Canal Dover, while the various sewer pipe and fire
brick works contiguous to the line] have added largely to
their capacity. There has been extensive development o f
coal lands in what are known as the Tuscarawas and Mass­
illon districts. The development in these districts not only
adds greatly to the company’s coal tonnage but, on account
of the quality of the coal and the short haul to the lakes and
to Cleveland, places the company in a very strong competitive
position. These new industries and developments have ne­
cessitated increased facilities in the way of spur tracks and
sidings on the part of the railway company, and other im­
provements requiring heavy expenditures; but it is gratifying
to be able to report that the earniDgs of the company, both
gross and net, have been the largest in its history, notwith­
standing the low rates that have prevailed, and that the full
benefit of many of the improvements above cited did not
accrue during the period under consideration.
The physical condition of the property has been improved,
and the roadway and equipment are in good condi’ ion for the
economical carrying of a large tonnage. Strong efforts are
being made, with every probability of success, to establish
equitable rates for carrying coal, and with a general revival of
business the future prospects of the company are very bright.
Im p ro vem en ts.—The extensive improvements in progress
for the past two years have now been practically completed.
The following are specified :
The modern ore hoisting plant ha* keen finished at Lorain, in con­
nection with whioh additional land has been purchased for the storage
o f ore and 300 feet of dook has been rsconstruoted. Oar storage oa-

I R a ils gab a s i>MtoCEL, G o's (O m i). \ R ULRO AO a N O H lS O E L . GO’ S. (C o n .)
Volume 63—
Pafire.
fa ir .
« m { i m for j V olum e tilt—
U nion Piiesflc .......colbit. fr. r«c r s .lU 8
• sYom
from 1 St U m i* ft Sxn ¥ t* n e l» n —K> C, ft
0|iitCMl S titos Car....... - r e w pian.lieo
■~ym$ *W4
S ritK U T R a i l w a y s .
;«!#&
ftf #ie# 1 !
. . . .
^*4*4* at.liv'r* tliYft bfi-c*n j Si. L. Ytiattalto ft T. H. .......reerr. $31 j Clm ttonooga R le c irlo ,. ...e o w t r o L llli
A Bo. Side K . T . .. re n rg . p l a n . l t S B
Of*#* •a ft diitaff to® Si. P».ut ft N*>r«**»ni Padfle..r«»r#, 754 ; Cbio.
St U y ..» rd. ltap..Mick.,de/.lll&
ftnaOmkrUaniLA ,Se«ark...f twvUpa : Consol.
H r of Ala__ _ ... v>ldA 100 j Odtaatiee <0.) E lec L.& S t.E y.rccer.ll59
*®
to Hi#
NaafiTlfte
S tre e t....... .
..control. 1115
. . . ■■
ftaitfi f t i f t wi*.
]I summit
, ... . .r#or}. j«J tn.K>L’» ■P a rk C ity Ky. (B o w lin g Groan.
.... ...........
,*,it to r B f l R f t t t l T«*rr# Itoat# ft Inftlaanii.r#?#/.8514,1011 J Kvj
P
a
,T-rita.Oe
y
ic
jis
t
e
r
).
...rscw
.9 6 9 ,1011
ft EoiiauapOrt-s
Jr50 |
oar* ft»tl I; T#m>
Sfty atm a b 391eel H e . .......... — *a b .t O il
Seattle Consol. St........... aabLlO li, 1CW4
recur* 070
756 Streatm 111.) Hy ...... .
C..,,, forftOil Tacom a Uy. A W a t e r ............. sate.1160
CKJ6
tm .lO ll; reo

j

rH ill

»$•, $4,285; i l d l n n j
“ t.itK t f r e u b t o»r*, #380,52*.
fi#
*»*44
$Vvt .«** , „ Tmff
Pins c o m p ile d f o r th « l
trM
f#pU<* f o r th.* y e a r* e m ito K J u n e 80,
1
1’w ll&. 1Sm t . %1%i t ) w . 31. l f l l # m n d l i # r a m lo g , a n d ex %
%n*cfti y « itri I;
r
u «4
tu fts,
im i.
T«"i i
* AfSIt
-ft n „ i | «n* S J i *•• • to a 100.8SS.I93 201 .5 6 8 .'5 0
2.018,214
2,J.-«
.7
9
t
1.707.407
f 740 i*«A
1,384,179
L $ # ,I3 6
..... . ..
IM %M9
340,746
*.........
137*473
. . . . . ..
■374 bU.
*516 cl**62 e tt.
’ftSi #s*..
% -n a t.
J 38 IK .
3 38 Ota.
t - m el#.
piim t
|w r wiM
W k m P*# to# to
81 704
Jt'OSO
$1-756
....* .* ,
$0*43
$0*4001
$0-4726
#7,0*3
#7,104
$$,M 0
U m m p m m. « f t m d
ft*t> EXTftJfiftA.
1891-5.
1695 6.
#1,168,600
fN 4 t& t ... ....... ........ .**#»»—*• . . . . . . . ___ #1.3*8.01#
Mm . .

18,010
H .U 9

M;s £*e- %r

11.2 5 6

10,002

11,105
11.023

. . . . . .. .. $ 1 .5 8 $ , 0 1 7
T®lifts
......
SapMUlKa# «
$ 2 0 0 ,1 4 1
ICM**#**®#* i f **■*$; am t #tra$l8MMi *.
215.270
M*i
*»f rs^U T'* p o w e r •$& 9 * r t
629.204
58.332
£ 0 £ :
37,731
Tiftiftft -nmi'

$1,360,484

HMNUftA tf t tf tt * ..$ 1 ,1 4 0 ,7 4 5
$ 4 4 0 ,1 7 2
2 .5 8 0

$959,036
$401,428
1,500

$442,753

$402,923

$ 2 8 4 ,0 0 0

$265,500
6,657

tfcMrt»$ •
mm
Wmm

»M k0yj . . . . . . . .... . . . . . . . . . . .

Esfwf**f #8 laaftftfif*
............. ,
ut» aslxr, 1 d*bi......«*..„*,»* ...

17,016

.

$ 1 0 2 ,5 7 0
187.877
5 2 7 ,1 8 0

49.655
3 1 ,773

10,228
100,000

|&c54*s4t, Ito*. I 484 2, 1 p#r Cftftt......
M a i __
ttotam*# lo < sdlt ftf 168010 ft*.

$397,274
$15,478

$272,157
$130,771

T%m* rt® * fa « 4 » t cr^LU i f m e o tQ # > 60ouat- J a a e 3 0 , 1896, $353,*
G ftftUUX WMMXGB m m m JVWm 3 0 . 1800.

4 ***!#.

j

C ost of R R a n d «*pi»$.f 17 ,5 3 5 ,5 0 4
C<mi
and

ft

. ..,..

£>$&* - p*<rm -m' 1 1 a »*• t_
l$ « * r.la l &#-& stip p lie s

fria b ilitie s .
C om m on stock . . . . . . . $8,000,000

P referred s t o c k .......
1.041,914 | 0 T V\ 4 W R f. m ort300,000
fa g e Ootid*----

0.

east |uns4.. ..

t* & w. R f,itv mis#

5.000,000
700,000

2$,320
boot# ----- ......... 4,300,000
$ 3 0 9 G. L A W. R r., general
till Si rase3T*M*f . . . . .
71,975
I}## ffftsa ftcftftift .....
m ortgage bonds. .. .
400.000
Hue fb»m *ei¥*wfti e«oaaCar tru st, series “ A”-.
365.000
pao las and i a d it id* I*
1 4 3 ,0 9 4 Bill* p a y a b le .... .......
54,709
48,010 audited bill* . . . . . . . . .
!>«• tm m RR mmfy’m
102.473
67,361 L abor, J «a© pay-rolls.
O ih*r #*»& M m m ...
5 9 ,9 1 7
2$, 157 Incom e aooouot. . . . . .
Gftftfc to Tfeaaary,;....
353,147
*
,$19,335,146 1
Total . . . .............$Ly,335,146
~T*

GENERAL INVESTMENT
It

[VOL. LX IV .

THE CHRONICLE.

40

NEWS.

A tlan tic & Pacific

>r.." n i ? « t i o ! , , . V ic. - f i t t e s t D i t a a s t o D e f a u lt # , I le o r I
Coupons, file. — VII

f
f t h i ■ b » 1’ir p -ipt.. a r ir i g s i n c e t b e p u b l i c a t i o n o f t h e l * a t
»--•••> f t b L ' 1 i - - t >lW m i l STRUCT E A .lt.W 4 T SO PP U gSIE ST S

n i»y <ja r>v»;ii>- fo d n I t.v n iu a n s o f tin* f o llo w in g in d e x . T hia
i
t ■. 1i ,
' : .i .■ 1 r.K.
i W f o r *o< n* t- w t U c o m p a n ie s te<$ i n d e x i n C h r o m ic W . o f
R u u m o a s p M acRr,.G o's (Oon.t
Vatu-nr >U_
f'tlM.
. 5x ,1 .lit!!!,. T-cw:-:, \ Knr \V..tUr. 70,
.
i » • » « • O r A nouthwo*t«ii..»r>i.rtlot>
•** u y . h e » l « < l « r » I (HI. ( I r .........
r » E - K« «.I
M w t.n il...............M l, ;
>,
14*14*? Roes; A n S 8 9 « b . . „ . 6 8 0

•-> ■*...

f* 2 r

•;* J"** (- s-5i*r

Lijmst

do

, A Cteleaiftt rtory 751. mmi

do

i4 W

a* mum f4ata,9&into
...... -•* ...retMp, 090
srn .« ‘tp t>ur.7U4, (WH
»-tb o/ 8C(ot« ibJt 880
pfj»
i«/ «gi» mUm, 1012,1017
re
891. I0.H UH
. f?-n* ^4-ndetijOtO
.. .rn’eStm-,
1010
m#ni.M<n* limit, mi
m J ij .iib .w M . \m

•n .... .CJUP. sa4,

hmi

r .... -....... .s>M«,l010
si...send*

V m -rte a i Sa?ar U 4 Ia la%.—A d d itio n a l W aoU on S to c k
Parehi'i <t (. -Thu .laily papew re p o rt th a t th e co m p an y h as
......... I 610 shares of W ooison S pice C om pany stock fo r
which leaves only 60 shares u n p u rch ased . T his
lira)., ,i n to tal in vestm ent of Sl.905,000 for th e 1,740
sh ire s secured. The Womaon C om pany is s lid to have been
one of tlw m ost rercrtr(cable d ividend paying p ro p ertie s in th e
country.—V, 63. p, 1137.
A m erican T obacco Co, —D iv id e n d on C om m on S to c k .— O n
W ednesday, in ad d itio n to the re g u la r q u a rte rly d iv id e n d of 2
r sr c e n t o a th e p referred stock, was d eclared a d iv id en d of
p e r c e n t on th e com m on stock. Q u a rte rly d iv id en d s of 3
per c e n t each w .re paid on this stock from 1801 to 1895 in ­
clusive, but in 1896 the only p ay m en t w as th a t in ,\lay, of 2
per cent in cash an d 20 per c e n t in s c r i p —V. 63, p 067.
A tchison T o p ek a & S a n ta Pe R y.— '!h lc a ? o ^ W e s te r n I n ­
d ia n a RR. — Su it f o r Receiver fo r K a n s a s L in es D ism iss e d .— In
th e D istrict C ourt a t Oikalooaa, K a n ., on Dec. 28, Ju d g e M yers
rescinded th e ord er he gave on Nov, 6 in an ex p arte h e a rin g
a p p o in tin g a receiver for th e A tchison lines in th e S ta te of
K ansas. The ju d g e decides th a t th e a c t k now n as th e A lien
L and law under w hich th e su it w as b ro u g h t does n o t a p p ly to
railroads, and th a t tbe rig h t of w ay of a railro a d is n o t re al
estate ia th e m eaning of th e sta tu te .
T ra n sfer o f L a n d in C h ica g o .— The C hicago & W e ste rn I n ­
diana RR. Co. has tran sfe rre d to th e A tchison th re e tra c ts of
land along its rig h t of w ay fo r a co n sid eratio n of $23 ),385, in
settlem en t of a controversy w hich haa been p e n d ia g fo r som e
tim e. The chief portion of th e pro p erty is the tra c k ly in g be­
tw een D earborn an d C lark streets a n d b etw een F ifte e n th a n d
S ix teen th (streets, th e tra c t c o n tain in g 88,593 sq u are feet. A lso
a sm aller piece in F ifte e n th S tre e t, c o n tain in g 13,865 sq u a re
feet, an d an o th er portion in F o u rteen th S treet, c o n ta in in g 1,266
sq u are feet. All this p ro p erty is occupied as ra ilro a d y a rd s.
In spection o f C om pany's L in e s . —Mr. T hom as P . F o w le r,
P resident of tb e New Y ork O n tario & W estern R v.. a n d a d i­
recto r of the A tchison, re fe rrin g to an insp ectio n of th e la tte r
road, from w hich he has ju s t re tu rn e d , is re p o rted a s sa y in g :
Mu oh of the main llae of the Atohlsoo Company is fully up to tbe
bbthe^t Eastern st indent. The ties throughout »M in good life and
much of the trae-tc Is ballasted with broken siooe, or good gravel.
Many miles of heavy steal rails h ire been laid dir ing tbe receivership
and since the reorganization, and this work will be resumed m the
spring, and continued until all of the main Hue and branches are up
to the high standard adopted by this company. These improvements
»r • being charged to operating esrpeuses, as well as m tny additions to
m ntve power and equipment. T h ' company Is served by an efficient
andotpable corps of officials, from one end of the system to th e
other, and there is no doubt, In my mind, as to Its ability hereafter to
earn its fixed d u re ss even iu times of great business depression.
C hairm an W alker says th a t over 400 m iles of tb e co m p au y ’s
tr a ’k is stoue ballasted a n d th a t th e re a re a t least 690 m iles of
ro d over w hich trains can be ru n a t as bigb a speed as 60
miles an h o u r. The physical co ndition of th e p ro p e rty h as
been bro u g h t to such a sta n d a rd th a t o p e ra tin g expenses in
case of need can be reduced to a percen tag e n o t h ith e rto a t ­
tained. The com pany is now e a rn in g a su rp lu s w hich, it is
th o u g h t, w ill w a rra n t th e p ay m en t o f so m e th in g in th e p re se n t
fiscal y ear on a d ju stm e n t bonds.—V . 62, p . 1034; V . 63, p , 1062.
R R . — R e o r g a n iz a tio n

N o tic e .—The

A m erican and foreign com m ittees for the 4 per c e n t g u a ra n ­
teed tru st gold bonds announce th a t th e y h av e received d e ­
posits of m ore th a n 98 p s r c a i t of th e e n tire iasua. Decrees of
foreclosure of the first m ortgage u p o n the W estern D ivision
have been en tered , au d it is ex pected t h a t th e ro ad w ill be
sold a t an early date, a fte r w hich th e c o m m itte e w ill a c t in
concert for th e protection o f th e bonds deposited. M eanw hile
the A m erican co m m ittee w ill co n tin u e to receive deposits
w ith th e S tate T ru st Co., N ew Y o rk , a n d th e S h a w m u t N a­
tional B ank, Boston, u p o n th e p a y m e n t of $30 per bond u n til
•fan. 14, a fte r w hich no fu rth e r bonds w ill be received a n d
bonds n o t deposited u p to th a t d a te w ill n o t ba en titled to th e
benefits of th e re o rg a n iz a tio n .—V , 63, p. 1157.
A tla n tic S h o rt t i n e R R .—Sold in F o reclo su re.—This ro a d
was sold u n d e r foreclosure a t Sw ainsboro, G a., D ecem ber 17,
for $50,000 to A. F. D aley, of W rig h tsv ille , G a., rep re se n tin g
the W rigbtsvillfl & T ennille RR. The road w as p ro je c te d to
ru n from Macon to S a v a n n a h , G a., 180 m iles, of w hich th e re
are 32 m iles com pleted fro m B ru to n east, b u t th e lin e has
never been o p e ra te d .—V . 63, p. 967.
B a ltim o re £ O hio R R. -C o u p o n P a y m e n ts .— The fo llo w ­
ing in terest, due Ja n . 1, 1897, is oeing p iid by th e re ceiv ers:
Lyan—
Intemt.
vpu.re payable.
IS. A o , C s r T r .m l b o o f e .....................

teort.79l,K^.HnI. flit; Pitt*..•A
A Coon#ll«r'leeo<wol«.of '78..
.wf^nJ
v*. <fy.t 1
nol» tM .o f « e x t.
i j i j . .... fteruisu159
K C ............. Ulrt
p 0,
DO
uuo*.
nd Island *^-41159 ...................
—
K ei'i'ly et* ’ ear^
ru
B ts o...f .J a l ^ ------l , I»98..
do
24 ieifcai.KH*
Winchester^ I*..tomanbonds.......
* ft ftu Pant..com, 705 Wltwbenter
*
atrastef*
atook........
do
Y, §3, D. 1185

» 5 .8 « ..B a lt., M e rc a n tile T r u s t * B e p . C o .

801.800..In London,
80,980 . New York. V orrailyo * Oo.
’ 1 ” , purch&satl b j ~

80.7851 Ko ^ Sand
S r#Speyer
$ ? *&
bL
C y e r n , n 'y e ^
102,000 ,N . V., Mercantile
M e rc a n tile T.u.
T r a i t Co.

MIS .Baltimore, Treasurer.
MM.. do.
do.

J anuary 2 1867.]

THE CHRONICLE.

P u rch ase o f C a r T ru st B o n d s.—The Finance Company of
Penns} Ivania at its office in Pailadelphia will purchase at par
on presen'ation the $250,000 B. & O. car trust bonds, series
“ K ,” due Jan. 1, 1897.—V . 63, p. 1114.
Boston & Low ell R R — R e fu n d in g B o n d s.— As .$300,000
Lowell & Lrwrauce bonds w ill mtture 0 ;t . 1. 1897, the stock­
holders will oe asked at the annual ranting to aoDrove an
issue of $200,000 twenty year 4s for refunding.— V. 63, p. 1039.
Brooklyn City 11H.—N ew W illia m sb u rg & F la tb u sh B o n d s
M a tu rin g .—The $200,000 of New Wdliamsourg & F la tb u s h 7
per cent bonds due Feb. 1, 1897, will be purchased at par and
interest to maturity on presentation at the L mg Island Loan
& Trust Co. or the First National Bank of Brooklyn.—V. 62,
p. 68.
Burlington ( l a l ED ctric H i . —F oreclosure S u it .—T he
American L an & Trust Co. of Boston, as mortgage trustee,
has brought sn't to foreclose the first mortgage for $300,000,
interest on which went to default Jan. 1, 1896.—V . 62, p. 233.
Cape Fear & Yadkin T a lle y R R .—D ecree o f S a le E x ­
p e c te d J a n . H .— A press dispatch from,Winston, N. C., says
that Judge Simonton has directed the receiver of the North
State Improvement Co. to appear before him in Wilmington,
N. C , on Jan. 14, at which time he proposes to issue a decree
for the sale of the road—V. 63, p. 1009.
Central Car Trnst Co.— P a y m e n t o f B o n d s.— All bonds
and coupons due Jan. 1, 1897, w ill be paid on Jan. 2 at the
office of E. W . Clark & Co., Philadelphia.
Central Verm ont R R ,— D e fa u lt—N otice to B o n d h o ld ers.—
In anticipation of default Jan. 1, 1897, on the coupons of the
Consolidated RR. of Vermont 5 per cent bonds, and in order
to protect the bondholders’ interests, the bondholders’ com­
mittee, B. P. Cheney, Chairman, calls for the deDosit of these
bonds with the American Loan & Trust Company on or before
Jan. 5, after which date bonds will be received only on such
terms as the committee may fix .—V. 63, p. 1116.
Chicago a Suatli Side Rapid Transit.— South Side Eleyated R K .— tr a n s f e r o f P r o p e r ty -N a m e o f N ew C o m p a n y —
As seated in the Chro n ic le of Oct. 3, page 601, the sale of the
Chicago & South Side Rapid Transit Company’s property to
the bondholders’ committee was confirmed, with the pro­
vision thar if within ninety days an off-r of at least $250,000
in excess of the price bid by the committee should be made,
another sale should take place.
The ninety days having
elapsed and no such bid having been made, the property has
been, or is about to be, transferred to the committee. The
title of the reorganized company to be formed under the plan
published last week will, it is sail, he the South Side Elevated
Railroad Company.—V . 63 p. 1158.
Cincinnati Jackson ft Mackinaw Ry.— P la n M odified.— In
pursuance of the power conferred by the agreement and plan
of reorganization dated Dec. 10, 1895 (in V. 61, p. 1106),
said agreement and plan have been modified. By the modi­
fication Frederic P. Olcott, Calvin S. Brice and George R.
Sheldon are constituted a reorganization committee to carry
out the plan as amended. The amended plan provides sub­
stantially as follows:

Each holder o f—

41
/— And receives f o r —*
Pays as
p rin cipa l & assessm’ t^
assessment, Com stock, Pref. stock.

First m >rtg tire 4s for $ 1 ,0 0 ) ____ _
$U
Coininoa stock for $100 . . . . . ____ 25 cents.

. . . . ...
$20

$L,O0J
..............

Holders of certificates of deoDsic are requested to present
their certificates t j be 8tamp3d with a i assent to th3 m x lificatioa. Sea notice in another column.—V. 63, p. 1063:
Cincinnati Newport & Covington R j . —B o n d s S o ld . —
N ew D ir e c to r s .—On Thursday, Dec. 24.th, 1896, the company
sold to a strong syndicate $500,000 o f the seon d m irtgage
5 per cent bonds at 70 and interest, tha c m drion beiag that
the control of the property must be given to the syndicate fo r
two years. This has be*m accomplished and the new board
elected as fo llo w s:
Ohas. Fleischm ann. President of Market National Bank, Cinoinnat i;.
Henry Feltm in. P resid en t|of Citizens Nat. Bank. Coviuertou, Ky; J
C. Ernst, President of German *at. Bank, Coviuktou Ky: S a m u e l
Pegue, of H. & S. Posrue Co.; Chas. E. Orr, Pittsburg; H. P. Bella,
Cleveland; J. B. Foraker, Cincinnati.—T. 63, p. 1158.

Columbus & H ocking Coal & Iro n .—R eceiver a n d D e ­
fa u lt.—On the application of the Baltimore & Oaio RR.. a
creditor of the Columbus & Hocking Coal & Iron Co., Judge
D. C. Badger, at Columbus, Ohio, on Saturday appointed H r.
Jay O. Moss, the President of the company, to be its receiver.
Default on the first mortgage bonds was made ou January 1.
It it understood that the company will take advantage of the
receivership to reorganize on a lower basis of charges, givin g
the bondholders for concession iD interest additional proparty
under the mortgage.—V. 63, p. 968.
Commercial Cable.—N ew B o n d s.— Referring to the item
published in last week’s Ch ro n ic le regarding the authorized
issue of $29,000,000 of 4 per oent bonds, we have now been
favored with the following additional particulars. The pres­
ent issue is to be $15,000,000, and is to be seoured by a first
mortgage on the $15,000,000 capital stock of the Postal T e le ­
graph-Cable Company and of its subsidiary companies, which
stock will be deposited with the Farmers’ Loan & Trust C o.,
the mortgage trustee, and cannot be withdrawn. The bonds
are to be dated Jan. 1, 1897, and will mature 500 years hence,
or Jan. t, 2397. The coupon bonds w ill be $1,000 each and
the registered bonds $100, $500, $1,000, $5,000 and $10,000.
Their interest will be payable quarterly from Jan. 1, when
the virtual consolidation takes effect.— V. 63, p. 1158.
Indianapolis Decatar t» W estern R y .—D ecision S u s ta in in g
V a lid ity o f R e o r g a n iz a tio n .—Judge Yail, of the United States
Circuit Court, in the quo warranto proceedings of the People
vs. the organization o: the present Indiana Decatur & Western
Ry. Co., handed down this week a decision overruling all the
points of the plaintiffs and sustaining the pleas of the reor­
ganized comp tny that the consolidation of the two corpora­
tions in Indiana and Illinois made in 1895 was legal.
V a lid ity o f C o n so lid a tio n s U n der the I llin o is L a w .—The
above-mentioned decision is of much interest as touching the
validity of railroad consolidations in Illinois. W e therefore
give the following statement regarding it, furnished us by the
company’s counsel :

The quo warranto suit brought by the 8tate of Illinois again st the
Decatur A Eastern Railway Company w as decided on Tuesday o1 this
week in favor of the defendant and against the State. The D eoatur A
have power aud authority to divide the property when purchased into A Eastern was one of the constituent com pa1 ies out of which was
tw o divisions: one Including the railway from A.ddisen Junction, formed in 1895 the Indiana Decatur A Western Railway Com pany,
Michigan, south, and t in or.iier including the rail way extending from which Is notv a part of the Cincinnati Ham ilton A D ayton system .
Toledo in a westerly direction. In case more than one corporation
This quo warranto s tit w as brought upon several grounds, but the
■hail be created ib« com m ittee shall make proper provision to vest In principal was that the consolidation w as void, and th e Court w as
•ueh one of said corporations the title to the capital stock of the other asked to revoke the charter of the Illin ou constituent oom pany, the
corporation or corporations.
Deoatur A Eastern, for haviug. among other things, entered into an
yew Securities.—The main corporation holding such title shall issue. illegal and unauthorized consolidation.
A recent decision of the Supreme Court of Illinois in ih e American
Common s t ic k ............................................... ................. ................. $5,000,000
Loan A Trust case, in the 157th Illinois reports, deoidfd that for a
[Ih e plan of Deo. 1 0 ,1 8 9 5 , provides that of this there shall
be used to retire $16,300,000 old stock at 20 per cen t....... j . 260,000] number of years prior to 1883 there was no provision of Illinois law
authorizing iuter-State railway consolidation ; and that an attempted
Prejsrred stock, en titled to annual dividends (if earned) a t
consolidation had in that period was void; and that the m ortgage
the rate of 5 per cent per aunum. nou-cum ulatlve, the
bonds Issued by the company so formed were void Our consolidation
certificates to be subject to be retired by the com pany
was had under ait act passed In 1883, which is an act of very lim ited
issuing the same on ninety days’ notioe by ad vertise­
scope. This act authorizes Inter-State railway properties previously
m ent, at par or at such price less thau par as the holders
eoosollda ed to become again consolidated after forecl sure on cer­
thereof may content to receive................................................... 5,000,000 tain terms. The State’s attorney attem m od to have this act so con­
[T he plan of Deo. 10. 1895. provides that of this amount
st ued as to make it praotically im possible for any railroad property
there shall be used to retire old first m ortgage bonds . . . 4,sjs,ooo\ to fulflll the conditions precedent to a consolidation thereunder; but
The plan of Dec. 10, 1895, provided for the issue also o f the after live days' trial aud an exh au stive argum ent, the Court decided that
our consolidation of 1895 was valid. A s regards the consolidation of
follow ing bonds:
the I. D. A S. Ry. Co. had In 1875—the Court holds that its validity or
First mortgaged per cent 50-year gold bonds at $10,000 per m ile.
invalidity Is im m aterial to the validity of the consolidation of 1895.
For im provements, betterm ents aud rolling stock on
It Is urooable t h. t nearly all consolidations that have been had
present line ................................................................................. 3,240,000 since 1883. lnvolviug Illinois railroad properties, have been had un
For extensions to Cincinnati, O.. Jacks an, M idi., or else ­
der this aot tof 18->3), aud consequently th is deoiion of some general
where, a $ deemed advisable, additional a m o u n t!...........I0,000p.m
importanoe. I may remark that this act of lim ited scope is sub-tautiaily the only authority uow in Illinois for tha consolidation of InterAs to these bonds the amended plan provides :
State railw ays, and that there exists no provision of law for the conThe com mittee or the board of directors of the new com pany m ay, sol'dation of railw ays built lin e s 1883.—V. 62. p. 502.
with the assent of U dders of two-thirds in am ount of the preferred
Iron Steamboat Co.—R e d u c tio n o f C a p ita l S to ck .— A t the
oapital stock of ad d m «in corporation, m iko such changes as they
may deem proper with respect to the am ount of tin -rooosednew annual meeting President A. C. Washington explained that the
first mortgage, an l as to the property wnereou the s»ine shall oonsil- proposed reduction in the capital stock from $2,000,000 to
tute a lien, and also with respect to the purposes to which the bonds $500,000 (the par value of the shares to be $25 instead of $100)
secured thereby may be applied.
Properly may be divided into I wj Divisions .—The com m ittee sh all

R ig h t to S ell.—The amended plan, in substantially the fo l­
lowing terms, authorizes the sale of either division :
The oommittee or the board of directors of th3 main corpora­
tion shall have full power and authority to sell or dispose of such
one of said divisions as th ey m ay deem proper, or the stock rep­
resenting the same, for such consideration as it or they m ay deem
reasonable, approved by holders of preferred capital stock of said
main corporation to the amount of two thirds of the par value tuereof f
The proceeds of any such vale in ly b$ applied to retire preferred
stock of said main corporation or in ly be used for the general pur­
poses of said m ain corporation as the reorganization com m ittee while
It Is in existence, and afterward as the board of directors of said main
corporation, may determ ine, subject, how ever, to ratification oy hold­
ers of two-third 4 in amount of the preferred stock.

E xch an ge o f S e c u ritie s.— Under the plan of Dec. 10, 1895,
the holders of old securities are to be treated as follow s:

had been rendered necessary by competition, which has so
reduced profits that on the present capitalization only very
small dividends are possible.
The project was fully disousaed. A majority of the stockholders, it is said, favor the
plan.—V . 63, p. 1115.
Lehigh Coal & Navigation.— E x ten sio n a t 4 P e r C ent of
(2,000,000 B o n d s D u e Feb. 1, 1897.—The company gives notice
that it has arranged for the extension till April 1, 1914, at 4
per cent interest, of the $2,000,000 six per cent bonds due Feb.
1, 1897, known as the railroad loan. Both princip il and in­
terest of the extended bonds will be payable in gold coin of
the United States of the present standard of weight and
fineness, free from all taxes imposed by the United States or
the State of Pennsylvania under present or future lav,

THE CHRONICLE.

4i

*>ch

|V ol LX1V.

Bff)
|S f0|» Co ■, ,o f PbiUdtlptus, price tv*s fixed to see th a t it w as a p ro p sr one. Mr. F ra n k
to p a r R u - i k . rsp resen tin g th e e sta te of B »nj. R assak a n d as c h a ir­
li
b©
pf#§*
j €»& Mb* l,
igliiC# UMtt *
b
o
n
d
s
-,
n
o d t b s t m an of t no com n it we, a p p ia r e i a t th a h -s rin g cats w ssk a t
■MMlion,
%h»
»f«rr§-ft*€l
i ft| jpUMT* «sH m m
L miarilk*. The C oart g ra n te d a d s lty in th s sale so th a t it
ft#

stif*# to tls> ♦$ w ill

t o n fffiv & ta g t o f

of tb eir bonds l i 4 por <2#i*i, up >p ■nail n o t o ccu r u n til a 'ta r Ju n e 1, a n l th e UDset prie<j w as fixsd,
K above stated , a t $1,05),800. The decree fu rth e r provides th a t
$$%
*§«H o f 1 ^ 4 p i f £44111* Ufiwidtd ^ppb*
**■
i b th**m s o l Ifttor the p u rch aser shall a s s ttn s anv p issin le p rio r lien. Tats oroI
bond*
drp
»He4
wi
it
|
S
fc%
4
*
4
mMa
M L Tli# 4.m#to« un d # f i l l # o a o fi-g ^ © vision h a t reference to p »id in g litig a tio n w ith C hnsapsake
tiidto
traded i lb*I FideUtv la ufAOC* Ohio & S outhw estern reg ard in g a claim of $180,003.—Vol. 60,
ttm' t i t St Ib# t3*r-1 m to iw
| p 481; V. 63, p. 1061.
, - V . 83. p. 1009.
».
PaiUdr
Twi*4 4t"&»f* lh
O ld C olony R R .—$200,030 Stock Sold.— This n e w sto ck
i
j
n
Mr. C-irhia * U
I R « t~ 4 ‘k S/vai
1*1I*#
was sol 1 a t au ctio n on W ednesday a t prices ra n g in g fro m 175
h t u r n e d over to E iw ard Kmg.
VfK*•reffrftx tmwm.
Mid Pi b» worth | to 177. — V. 63, p. 1159.
O i,, r#a 1
held U protect tb# hxnktijg iuaspaaurif
O m aha & S t. L o afs R y . —Interest on Bond Certificates.—
S0 n* % . taring wb>*r. h r died i>'- O n a n d a fte r Ja n . 3d, 1897, th s G a ir a a ty T ru s t Co. of N ew
Ifr.
m m slMwfet Id wit
ly
secured
by
pledge
of
law
i York will p iv $15 on each certificate issued by it fo r th a first
n© #1, W , f « #1 4 11
ThU net «r** rendered oeoesiary m ortgage bonds deposited u n d e r th e b ondholders’ a g re e m e n t
■ePl
id El
rn sis# L n.»
ies
of
the
tto
jk
and
remove*
any
fsee V .8 J , p. 41] w ith W . E m le a R oosevelt, C o rn eliu s B .
b f X twSkWf f ftI in lb# pi
4*n|P»f (toil a **,$* lust# ##!' n«i o l the stock being thrown on Gold and F rancis S m ith , co m m ittee. The p a y m e n t re p re ­
'orliio.
J
r..
denie*
that
there
hw
flu#
i.f» AwU ti *
sents th e in terest on th e 75 par c e n t in th e n ew bonds to
H'l in ib# #i m k holding* of the Corbin estate. w hich each cartiftcata is en title d . Before th e n e x t coupon
ESSM
l
g
l*».C
sny-i
corn'** dtiN in Ju lv , 1897, it is ex pected th e new securities w ill
i*'
I '$3t,000*000 €f !>.» »i, k Vut the benff I*tand KH Co., be d istrib u te d ,—V. 63, p . 190.
.
vUlre Chwle* Pratt hold* * ■.*'><>.o hi.
t„;r so ,-L- jit. on th* market, The two hoUllne*
O regon S h o rt L in e & U ta h N o rth e r n
R y .-B e o rg a n Of s.'if (out of *10,000.000 »toek of the e impnny. iz a ti m Holier..—The foreclosure sale having been fix e d
fet u ,* .« * *s p«r Irons , t o K r s i n , Stttxw ill When for J tn. 9, 1898, th e reorg an izatio n co m m ittee offers u n til t h a t
Hr. h a
l«j»a4 C j ssi' is,y to ga t<t®9 tk« Jersey CMitral.
ns,re iw*n rum w* th»t th* February dlvi l«ni would d ate to receive ad d itio n al deposits u n d e r th e p la n of re o rg a n tx ttio n on ptymeaO of a p m aley of $109 par bond a n d $t o sr
* pa d, hut at the company’* office tbit week it w ai stated share of stock in ad d itio n to th e re g u la r assessm ent. T his
ti:*n oa the dividend was not usually taken until fits
‘ms
offer applies to th e follow ing:
,t *e*k of January.—V’ . 88, p, 1116.
(dronoo Short I,'n« & Utah Northern Ry. stock, consol. 5s ana collat­
l.siol«»IUe E vannvltle A S t. L in l* C o n so lid ated H R.— or*, trm t is.; Utah Soathtrn general m o r e . 7s and ectenslon 7s.—
•
i i JM> meal —K«aa*v tile Uxsk port & Kastern first mort- V. 63, p. 1010.
Application to Pay Interest. —The tru stees of th e U ta h
gagr
r. ,- duo July 1. 18*5, was paid at the New York
K Tf:»*i O x, N. Y. City, on and after D o. 31. 1898, N orthern sevens have asxed th e C ourt to d ire c t th e p a y m e n t
Br •titeh o f i i Miles to f»* Abandoned. —The receiver has of coupon due J a n 1, 1897. I t is th o u g h t th e o rd e r fo r th e
•PC'- c.i f r jw:*ftni*-lon to turn over to the bondholders the p ay m en t will be given w ith o u t delay and th a t i t w ill also
t 1 miles in length, which extends from Lincoln City d irect the o iy m e it of th e J a n u a r y coupon o n th e conaol
bran
Uot>, Ind,, and on which are outstanding ^300,000 fives.—V. 63, p. 1010.
50 C
t i n t p> r’* a;e bond, of the old U untinghurg Tell City & CmP<t ir ta I) ic a t i r & E v a n sv ille RR . — Coupon P a y m e n t.—
noil- * UR Co.—V. 83, p. 1177.
The couoons due J u ly 1, 1895, fro m P eoria D .vision first
L« *i*Tltle » w 11 batty .t Chicago Ry. —Coupon Pay m ortgage bonds were p aid a t th a C e n tral T ru st Co. on a n d
»{ r,- In i-Jar 1, 1*97. on th« first mortgage bonds a fte r Dec. 24.—V. 63, p. 353.
tstral
are I •ting paid a t the Cham National Bank, 83 Cedar Street,
P h ila d e lp h ia & R e ad in g R R .—P aym ent o f interest on N ttv
N*» Y o tk —V. 83, p. 1115,
Bonds Ja n . 3. 1897.— H olders of receipts for gen eral m o rt­
Hs itu tta n UR Dividend In junction D enied,—The in- gage bonds w ho have assented to th e a g reem en t o fre o rg a n ;;)t> it .n m ig h t ii. he obtained bv Mortimer Hendricks re- iz ttio n d ated Dao. 14, 1395, w ill receive J a n . 2, 1897, p sn a in g
u n r .;,; u.c company from paying the quarterly dividend delivery of th e new securities, 2 per c e n t in cash on th e
J u s t t v i was denied by Jtt lg»> T rua* on T hursday. Mr. a m o u n t of bonds specified in su ch receipts. This p a y m e n t
Ht r - .■ « .pplie *ti.m to the iltorney-tleneral will come up represents th e in terest due Ja o . 1, 1897, on th e new bonds, a n d
on Haterday.—’V. 88, p. 1159,
is m ade w ith funds advanced by th e reo rg an izatio n m anagers.
V em pbia & C h arles to n RR. -Coupon Payment —The re- See official notice in o u r ad v ertisin g colum ns.
oeiver* give r« ttic * t h a t the roupotts due Ju ly 1, 1894, from
Payment o f Coal and Iron Company's bonds. —Tha fo llo w in g
■
u> ■ (■ t; I- » id b» paid on an d after Jan 2, boDd.3 m a tu rin g Jan . 1, 1897, secured u p o n coal lands, w ill be
ats.be Chaae Nations! B ank. New Y ork, w ith intereat p*id a t m a tu rity a t th e office of J . P Morgan & Co.. 23 W all
th en n ut § per cent per annum from d a te of m a tu rity :
S treet, New Y ork; C ath arin e G roh, $55,000 : 8 t. C lair, $273,P it*! a s i k ' or A r t t r t . u o n 7 p e r c e n ts, <Jate4 1 8 5 4 , e x te n d e d 1880. 000; L ie L ands, $343,000; Eagle H ill. $40,000; E agle H ill, e tc .,
7 per c e n t l« in d t, d u e J * a . t , 13 9 5 , ren ew ed ,
$186,000, G rady a n d W echerilt. $187,000; L ocust M ountain
n .t.t
: t . v - l . - i : . u i r U i e n t O - y r t r ? p e r o e n t b onds,
S u m m it Im p ro v em e n t Co., $222,000; an d T am aq u a L auds,
< " * f.-,h ie t» d m w t(«K » *0 y o » r 7 p e r eens. b o n d s.
P ty r d o f In tern ! an 7 Per Cent Band* Deposited ,—The $1,481,000; total, $2,037,000.—'V , 63, p. 1159.
Indus Oomajittve out of the moneys to bs received bv it from
S in D iego E le c tric Ry —M irtgagn fo r $400 000 Proposed.
the
li.ei.u. uei payment on” account of the 7 per cent — A. m eeting will be held Ja n . 15 to au th o riz e th e m a k in g of a
• C- (.>*!!■( d
it* agreement will, on and after Jan. m ortgage for $400,000.
tt ,r ’>• Trust i ' i n panv. 65 Cedar Su-n-t.
T o rre D ante & L o g a n sp o rt R R .— Foreclosure S u it F iled. —
New ( • rk. -u »k« p ty n tra l to the depositors as follows, the
eon.* ,' d. »*>d le-mg the amount* to which said depositors A t Indianapolis, In d ., D ie. 30, ex P resid en t H arriso n , as tr u s ­
would be entitled for lix months' Interest due Jan. 1, 1897, on tee u n d er both m ortgages, b ro u g h t su it in th a F ed eral C ourt
to foreclose th e m ortgages a n d collect $1,500,000 due thereon.
bind* to be deliverer.! to them r
i-ly under the plan:
- V . 63. p. 1065.
i&lttjt <0*

i tended
s o t tiJOd*...........

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

S

S i4

Toledo S t. L o u is & K tn s a s C ity RR. — Dispute trith J o in t
Traffic Association Settled out o f Court.— The su it of th is

com pany a ra in s t its connections for re fu sin g to in te rc h a n g e
traffic w ith it has bsen settled outside of th e U n ite d S tates
C ircuit C o u rt of Illinois, th e b o ycott being rem oved on Mon­
day. A ll line* are th erefore as free to ex ch an g e business
o f % h * p r o p jeed extension from Columbus. Mias., to
w ith th e com pany aa before th e o rd er in te rd ic tin g th e sam e
m ft
h\% m
The bondholders took sim ilar ac ion last was published by the Jo in t Traffic A ssociation in O ctober last.
( ) f t o i U r t j f » r ling the project were given in m u last (See V. 63, p. 756) —V, 63, p. 970.
16

M obile * Ohio RR .— Row In fo r E.rteruion —The etockhold
ftju a urir.,*d the t l ,000,000 bond* for the c m*
#£§■<8® y #
v* r . '

' T fe #
ft

lift#.*
toC Ttm tftd u
fftt# j m t e k S t o t ii

It i» believed, will givethe Mobile & Ohio
U n io n P ac ific R y.—Coupon P aym ent. —Coupons d u e J a n .
mnage and place the com nany in a much
m with it* c jaipetttorg,—V. 83. p. 1159. 1. 1897, on the U n io n Pacific RR. Co.'s c o llateral tru s t 0 per

** mthera BR

- The f .f.’vjr.vtur

Foreclosure Sole Indefiniie.li/ Post

sale net for Dec. Ill has been post1, p. 1010.
V .ltey « « , —llllnol* intral R R —Sale Ordered. 1B iff. *4 l.-iut«ville, hi* rd»r»l the sale of the Ohio
HR. Under forwr-liwwire tb s flrat mortgage. The upp t k * « #1 OS6.000.
MM k m o f BondhoU U n .—A ••-ting of the bondholders of
%
■$$&■ Citsto Valley RR. wan hel on b .‘o, 34 at the office of
M m m h Bfo» . 48 Ktobaago Place,
I
to take action regarding
ife# m p nrteri #:*4* h t H, 7 , Bro*»n of Pittsburg of his holdings
O "fe■Vafiav iioivd*, cOttStittsting a m ajority of the issue, to
the l in d* Central Hr, The followlull “I to protect the min tritv interest:
i, I. Iwar.l* and Marcus Mayer
t t add two to their number;
it*f proceedings, and if an upte

cent bonds of 1879 are being paid a t th e office of the U n io n
T rust Co. of New Y ork, No. 80 B roadw ay.—V, 63, p, 1158.
U n ifcd S ta te s E x a re i* —A dam s E x p re ss .— Transfer o f
Busin, is over N ew E ng la n d R R .— W hen th e N ew Y o rk &
New E ngland RR. was foreclosed ia 1895, the c o n tra c t w ith
the U nited States E xpress Co. w as canceled, b u t u n d er a te m ­
porary a rra n g e m e n t th e Express C om pany c o n tin u e d d o in g
business over the road on su b stan tially th e sam e term s as b e ­
fore. It is now -announced th a t from Ja n . 1. 1897. all th e
officers or the E xpress C om pany on th e line of the New E n g ­
land Com pany will be cloned, afid th a t th* Adam* E xpress
C om pany, which does the Boston express business over th e
rest of the New Y ork New Haven & H artfo rd system , will
anil** all m e t e r de. th u d for p o itt* on ih e Ne v E ngland RR.
—V. 61, p. 710.

U n ited S ta te s L c ith e r ,—ZJsaffti o f President.— President;
I M irk I I y t died on W ed n esd ay .—V. 68, p. 976.

THE CHRONICLE.

J a n u a r y 2, lo t 7 J

’E M

C O T T O N .

C o m m e r c ia l I fim e s .

COMMERCIAL

43

T hursday N ig h t , December 31, 1896.
T h e Movem ent o f t h e C r o p , as indicated by our telegram,

EPITOME.

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 219.122 bales,
against 277.615 bales the previous six days and 327,175 bales
It bas been a quiet week in mercantile circles, as merchants tw o weeks ago, making the total receipts since the 1st of
generally have given their attention to liquidating their ac­ Sept., 1896, 4.923,253 bales, against 3,544,666 bales for the
counts for the past year. The prospects for trade, however, same period of 1895, showing an increase since Sept. 1, 1896,
with the beginning of the new year are considered, as a rule, o f 1,378.587 hales._________________________________________
favorable. Large buyers in a number of lines of merchandise
Mon.
Wed. Thurs. Total.
Receipts at—
F ri.
Sat
Tuet.
have latterly been showing increased interest, and it is
thought that they w ill open negotiations for supplies follow ­ G alveston......... 5,477 1,955 10,705 7,585 6,030 3,221 34,973
ing the turn of the year. There have been further reports of
......
1,528
Tex. City, <ko. . . . . . .
250 . . . . . .
3 ,185
troubles in banking circles at the West and also at the South, New O rlean s... 10,709 4,659 19,744 12,952 11,384 13,008 72,456
and while they have been the cause of much unfavorable M obile............... 1,612 1,203 2,136 1,669 1,5C3 1,616
9,828
comment they have not been an especially disturbing feature.
1,744
175
1 ,910
More amicable relations have been reported between the Savaunah ......... 4,632 2,270 4,776 2,672 3,515 1,945 19,81©
United States and Spain, and the nature of the advices re­
...... 10,598 10,598
Brunsw’k, Ac. . . . . . .
......
......
......
ceived from Washington foreshadow an agreement betweeu Charleston*.___ 1,020 1,048 4,942
955 2,061 1,764 11,79©
these countries regarding the condition of affairs in Cuba.
14,204 14,204
Pt. Royal, &c. . . . . . .
......
...
....
The tariff question has become a topic of much interest, and a W ilm ington__ 1,104
464
232
655
606
3,111
hearing by the W ays and Means Committee has been given to
Wash’ton, Ac.
57
-....
....
....
57
several trades during the past week.
Norfolk.............. 3 901
348 6,081 5,578 3,47S 3,416 22,802
Only a very limited amount of business has been transacted N ewport N.,Ao.
698
846
148
......
......
in the market for lard on the spot, but there ha3 been no
500
310
1,329
2 ,3 4 0
201
pressure to sell and values have held steady, closing at 4-07i£c.
651
7,542
2,126
1,022 2,026 1,717
for prime Western, 3'62i£c. for prime City and 4‘30c. for re­
947
2,749
fined for the Continent. No business has been transacted in B altim ore......... 1,802
127
79
568
912
138
the local market for lard futures, and trading at the West has Philadelph’a.&c ........
been quiet with the changes in prices unimportant. The close TotTs this week 32,907 12 233 50,509 34,121 31,564 57,788 219,122
was steady.
The follow ing shows the week’s total receipts, the total since
D A IL Y OLOSIJTO F R IC K S O F L A R D F U T U R E S .
Sept. 1. 1 HHH. and the stock to-night, comoared with last year.
T h u r s d a y N i g h t , Deo. 31, 1896.

S a t.

D ecem b er. . . . . . . . ......O . Holi-

M on.

T u ts .

W ed.

Ih u r.

4-10

4-05

4*05

....

Frx.

Hod*

January__ _________ e. day. . . . .
....
....
4*10 day.
The dem and fo r pork has been quiet, b u t prices h a v e be-n
unchanged and steady, closing a t $8 25@£8 75 for m -ss, 810('0
$10 75 for fam ily and $9 25@$10 25 fo r sh o rt clear. C ut m eals
have sold slowly and values nave w eakened slig h tly , cl >»ing
a t 4%@4fgC. for pickled bellies, 12@10 lbs. average, 4@ 4't'c .
for pickled shoulders and 8J£(§9c. for pickled ham s. B -,-1
has been w am rd by shippers a t fu 'l valu-s, closing a t $7(3{S
fo r mess, $8@$9 50 for packet, $9@$10 50 for fam ily and
$13 5u@$i4 50 for e x tra Io d ia mess. Beef bam s have been
steady, closing a t $18@$18 50. Tallow has been in better
dem and for export and prices have advanced, closing with
sa lts at 3>^c. Oleo stearin e has had a m oderate sale a t steady
prices, closmg a t 4 ^ c . L ard stearin e has been q uiet an d u n ­
changed a t 4^@ 4>ic. C otton seed oil has been q u iet and
w ith o u t change, closing a t 20c. for prim e crude a n d 23c. for
prim e yellow. B u tter has been q u iet b u t steady a t 14(<b21c.
for cream ery. Cheese has been firm b u t q u ie t a t
li'% c.
fo r S tate factory, full cream . F resh eggs have declined,
closing a t 20c. for choice W estern.
The Brazil grow ths of coffee have had only a lim ited call,
b u t on advices from prim al m ark ets prices have ad v an ced ,
closing steady a t 10J.^@10Jac. for Rio No. 7. The m ild grades
have been in dem and and have sold a t stead y prices, closing
a t 15%@15%c. for good C ucuta a n d 22J^@23>^c. for stan d ard
Ja v a . T he tradii g in th e m a rk e t fo r c o n tracts has been
quiet, b u t prices have advanced slightly on a d em an d from
shorts to c iver contracts, stim u lated by u n favorable crop ac­
counts. The close was steady.
The follow ing wore the closing prices:
Jan............... . 9'7do. I April................... 9-80o. I Julv .................. 9 90 .
F eb.................... 9 75c. M a y ......... .
9"8oe. Aug
9-aOo.
March.......... . 9'80o. I J u n e.................. 9 s5o. 1

Raw Bugars have been q u iet, as refiners have been slow
buyers, but values have held steady a t 3 3-16c. for c e n trifu ­
gals, 96-deg. test, and 2 13-16c. fo r m usoovado, 89 deg. test.
Refined sugars have had a lim ited ru le a t steady prices, clos­
ing a t 4%c. for g ran u lated . Teas a n d oth er staple groceries
have been steady.
The m a rk e t for K entuck y tobacco has be»n quiet, but
values have been unchanged and firm. Seed leaf tobacco
h as had a m oderate sale a t u nchanged prices. Sales for he
week w ere 2.720 cases, including 200 cases 1895 crop. N av
E ngland H avana. I6@30c.: 300 cases 1895 crop, S tate H avana.
10J^@15c.; 300 css s 1894 crop, P ennsylvania H ivana. 9 ’g'§>
lOJ^c.; 120 cases 1893 crop, Pennsylvania H av an a, 12J^ s ; ioO
cases 1893 crop, P ennsylvania seed leaf, 9^@ L0c ; a so
1,000 bales H avana a t 55c. to -$115 in bond a n d 200 bales
S u m atra a t 60c. to $1 75 in bond.
T here has continued a q uiet m ark et for S tra its tin , b n : there
has been no pressure to B e l l , an d values have held a mut
steady, closing a t 13c. In g o t copper has had a lim ited s ils at
full prices, and the close w as firm a t l l -50c. for lake. L ad
has been quiet but firm ly held, closing a t 3(a3-05c fo r do
m estic. Spelter has been dull and w eaker, closing a t 4@4 10c.
for dom estic. P ig iron has been q u iet a n d easy, aliu o u g h
th ere have been a few contracts placed for n e x t y e a r’s deliv­
ery, closing a t $ I 1 @ I 3 for domestic.
Refined petroleum has been easier, closing a t 0 2 V. in bbls,,
370c. in bulk and 6-90c. in cas-s; n a p h th a dull a t 6%c. Crude
certificates have been neglected. C redit balances have de
d in ed to 90c. Spirits tu rp e n tin e h is been q u iet an d u n ­
changed, cl sine -teady a t 28^2(327^1. R om s have been
dull anrl easy a t $1 75 for com m on an d good s'ra in e d
Wool
has sold slowly hut values have held stead y . H ops have been
steady and shippers have been buyers.

1896.
Dec. 31.

Q alveston ...
Tex. C.,&o.
New Orleans
M obile.........
Florida.........
Savannah...
Br’wick, &e
Charleston..
P.Royal.&r
Wilmington.
Waeh’n.Ao.
Norfolk ........
N'portN.,Ao.
.tew Y ork...
Boston..........
Baltim ore...
?hlladel.,Ao.
Total*

Stock.

1895.

This Since Sep.
Week. 1 ,1 8 9 6 .

2 his Since Sep.
Week. 1, 1895.

34.973 1,045,797 31,512 684,056
3,185
68,775
3,151
16,099
72,456 1,484,742 59,964 1,187,265
6,312 133,473
9,82* 199,512
524
47,586
19,380
1,919
19,810 619,285 26,504 530,071
3,174
85,913
10,598 120,804
5,391 212.812
11,790 317,745
52,842
53
37,657
14,'±01
930 134,999
3,111 205,110
660
24
68S
57
9,667 190,959
22,802 5G1.054
11,922 12,068 140,311
846
32,961
3,556
20,782
2,340
7,542
99,615 11,801
57,098
2,749
537
24,477
30,964
1,150
912
23,654
23,848

1896.
198,994
8,341
470,032
50,499

..

160,321
15,787
395,389
36,399

......

101,002
6,831
49,014

93 ,1 5 6
9,094
47,886

......

......

16,353

18,455

37,491
2,161
292,754
34,000
19,949
6,935

55,145
12,309
184,329
36,300
25,479
10,595

......

219.122 4,923,253 176,324 3,544,666 1,294,356 1,100,644

In order that comparison may be made with other years, w e
give below the totals at leading ports for six seasons.
Receipts at—

1896.

1895.

Oalves’n Ac,
New Orleans
d o o lie .........
Savannah...
has’ton, Ac
Wilin’ton.Ao
vorfolk ___
U1 oth ers...

38,158
72,456
9,828
19,810
25,994
3,168
22,802
816
26,060

34,663
59,96 4
6.312
26,504
5,444
954
9,667
12,074
20.742

T-Jt. this wk.

219,122

176,324

N. News, Ac.

1894.

1893.

1892.

1891.

20,072
1,056
16,457
8,901
28,152

28,884
77,504
54,954
15,198
17,427
4,591
13,541
10,848
17,755

20,345
51,18u
3,611
11,266
3,956
5,298
2,501
5,160
22,737

32,963
90,237
8,191
18,436
7 ,130
1,812
16,222
13,714
25,745

251,854

190,702

126,054

214,250

65,433
83,187
5,250

22,716

dlnce Sept. 1 4923.253 3544,666 5387.952 4347,962 3691,854 5031,507

The exporiB for the week ending this evening reach a total
i f 251,731 bales, of which 133,605 were to Great Britain, 21,316
to France and 90,319 to the rest of the Continent. Below are
the exports for the week and since September 1, 1898.
Exports

i a l v e s t o n ........
e x . C ity , Ac
'Jew O r le a n s
M o b ile ..............
F l o r i d a ............
S a v a n n a h ___
B ru n s w ic k - ..
C h a r le s to n ..
P o r t R o y a l . ..
W ilm in g to n .
N o r f o l k __
N ’p o r t N ., A c.
N ew Y o r k . . .
B o s to n ........
B a ltim o r e .. .
P h ila d e lp h ia ..
S . F r a n ., A c...

W eek binding Dec. 31, 1890.
From Sept 1, 1890, to Dec 3 1 ,1 8 9 0
E xp o rted to —
E x p o rted to—
G reat
Conti- T otnt
G reat
C ontiT otal.
B r il’n. France n e n t. W eek. B rita in . France n e n t.
6.165

8,280

21.315
5,265
1,491
9,240
19,373

14,850

6,018
537
21,799
25r
21,021
15,041

14.102
13,335
1.5U0
11 8L7
25, 01
3,730
452

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

180,005

T o t a l. 1*95 ..

05.893

1,180

24,310

21,383
5.'1?
60.004
6,205
1,744
30,807
19,373
15.- 41
14,102

7,950 21,285
1,50
5,72n 18 72;
25.791
7,6? 7 1 1 3 8 7
562
100
2,010 2.010

511,488 129,108
485,073 247,217
85,180
80.724
40,70" 15,341
07.004
68,7*3
61,101
95,431
122,3 W8
5,200
5,850
144,211 11,020
127.7*16
4 5,58*
3,05 2
6,505
93

177.626 618,182
i.3,104
13.100
207.130 1,029,429
7,927
93,113
4,372
35,096
220.455 282,504
8,805
71,409
138,903 207,740
51,101
87,371
182,803
28,250 155,839
6,850
85,885 242,552
1,204 128,989
35,351
81,591
349
5,854
17, '21
17,214

90,809 251,730 1,889,58- 412 504 1.124 947 3 4 2 5 ,0 3 9

17 t«0> 77

100

PfU 1,027.074 2*7,272

010.173'2,235,030

[V ol. LXXV.

THE CHRONICLE.

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lM g .* * o td t o r e » li* e p r o f i l e r e s u l t i n g i n n d e c l i n e in p r i c e s f o r
t h e - l i t o f 3 to 7 p o i n t s . T o - d a y t h e m a r k e t o p e n e d w i t h o u t
i i s p . m a t t t c h a n y - - f r o m W e d n e s d a y V c l o s i n g p r ic e * . D u r i n g
t h e d a y , h o w e v t r. p ric e s s te a d ily a d v a n c e d . T h e S o u th w a s
i s m e g n o d t h e n - w*». a d e m a n d f r o m l o c a l a b o r t s t o c o v e r
c o n t r a c t ! '. « i « h W
b y a s m a lle r m o v e m e n t o f th e c ro p fo r
sr.» w i-vk t h a n e x p v u -d a n d a d v i c e s f r o m t h e S o u t h s t a t i n g
th , .-.x p o r t- r *
r e m o r e a c t i v e b u y e r s o f c o t t o n . T h e c lo s e
w *« f ir m a t a n a d v a n c e o f 1 3 ® !5 p o i n t s f o r t h e d a y . C o t t o n
o b tin . - j o t h u - U -e n if. s l i g h t l y b e t t e r r e q u e s t , b u t o n M o n d a y
p r ic e * w e r e l o w e r e d l-'.t!:-.
T o d a y th e m a r k e t w a s j f c .
h i e l r o r , m i d d l i n g u p l a n d s c l o s i n g a t 7 8 -1 6 c .
T h - to ta l s a le s f o r f o r w a r d d e liv e r y f o r t h e w e e k a r e
p> ( b a l e s . F o r i m m e d i a t e d e l i v e r y t h e t o t a l s a l e s f o o t
u p t h i * w e e k 11,234 b a l e s , i n c l u d i n g 8 5 3 f o r e x p o r t , 1.531
f o r c o n s u m p t i o n . ------ f o r s p e c u l a t i o n a n d 8 0 0 o n c o n t r a c t .
T h e fo llo w in g a re th e o tlic ia l q u o ta tio n s f o r e a c h d a y o f t h e
p a s t w e e k — l l '- v e i n h e r 23 t o J a n u a r y 1.
R a t e s o n a n d o f! m i d d l i n g , a s e s t a b l i s h e d N o v . 2 2 , 1 8 9 8 .
a n d r w : -,-d
1 1 . 18 9 5 , b y t h e R e v i s i o n C o m m i t t e e a t w h i c h
g ra d e s o th e r th a n m id d lin g m a y b e d e liv e re d o n c o n tr a c t:
ofl
P a i r . .................................... e, l>« o n . Good Ordinary................«. 1
Even
U lO d b e y F a ir, . . . . . . . . . . . a o n . flo o d M id d lin g T i n g e d . . .
a-.r'.rfi-M : I Mi id l i n g ........ H u n . d ir l c t M id d lin g S t a i n e d ., 7»s ofl
O oc4K i.t4W .nv,................... ->« o n . M id d lin g S t a i n e d ............... s* 0 fl
f e r i a l Lb « M iiM Uns......... -‘i* oft, S tr ic t L o w M id. B t a is a a ,. 38., oil
1ST*? M M dPlit;
H off. L o w M id d lin g S ta in e d ___l » t ofl
p a rte t H t> o d O r4 iiv » rr..
1*1, off
O n th is b a s is th e p ric e s f o r a fe w o f th « g r a d e s w o u ld b e a s
fo llo w * .
UFJJU SJ3S.

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p ric e s a d v a n e d
O n W e d n e s d a y , h o w e v e r, th e m a rk e t a g a in

<3 »o4 O nH f t* r r ............................
L i® S l l - f f l w , ___ ______ ____ _
M ’ 14 !&c , , ,
O cn>3 MM4!5o« ................ .

sr

CO

i i
»:

T uesday
t h e r e *>!> a » t« e » jt« r t u r n t o t h e m a r k e t . F o r e i g n a d v i c e s w e r e
•IffeSdrdly m o r e f a v o r a b l e t h s o e x o r c j e . i , n o d t h i s , t o g e t h e r
with, fit*" t e a s e d p o r t iv c e ip U i. s t i m u l a t e d a d e m a n d f r o n t

6 flf,

w©-*t2J
$
a
28*

d e w wet a t a d w r d n * » f 14 t o I S p o i n t s f o r t h e d a y .

* tw ri * l i
j ! ; . “T

W

%*?%»
&r 5* i $ , ° £ .
-3 ® 6 m _

1 ,0 4 2,508

si in ittoQ fat incur * delivery ban b.*o» slightly
The i-'dnr*ft of prices Ins been » *roe«e*c trr*gt; . , ,
the n et ch togas for tb s week were
, M is i jv th • market was Sower. Svtltag was
snp! 4 t.y heavy receipt* a t the ports and » fairly
e a t W f v jr ts 'd

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n dm dm

iwaxw*

■

ff n O f tM B i
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7.40*)
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ki tat oor

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T h i S a w .-; a n d P r i c k s o f F u t u r e s a t N e w
s h o w n in th e fo llo w in g c o m p re h e n s iv e ta b le .

to-night also
,,,

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• rnolU fles s a le s in S e p te m b e r, f o r S e p te m b e r, 1 5 ,1 0 0 : S e p te m b e rO e to b e r, f o r O c to b e r, 3 3 1 ,8 0 0 ; S e p te m b e r-N o v e m b e r, f o r N o v e m b e r ,
3 7 2 ,0 0 0 .
I f f We l i a r , ' tn e ln d is l in t,he a b o v e ta b le , a n d s h a ll c o n tin u e e a c h
e a c h m o n th . I t
. a “ A.v’g e .” T h e
ifiv e n a t b o tto m o f ta b le .
T h r V is tS L ts S u p p l v o p C o t t o n t o - n i g h t , a s m a d e u p b y c a b l e
a n d te l e g r a p h is a s fo llo w s . T h e C o n t i n e n t a l s to c k s , a s w e ll a s
t h o s e f o r ( t r e a t B r i t a i n a n d t h e a f i o a t a r e t h i s w e e k 's r e t u r n s ,
a n d c o n s e q u e n tly a ll th e E u r o p e a n fig u re s a r e b r o u g h t d o w n
to W e d n e s d a y e v e n in g . B u t to m a k e th e to ta ls th e c o m p le te
f i g u r e s f o r t o - n i g h t (D e c . 8 1 ), w e a d d t h e i t e m o f e x p o r t s m o r e
th e C n ite d S ta te s , in c lu d in g in i t th e e x p o r ts o f T h u r s d a y

oniy.*

-

_.i, . . T 'r : ”'

£ 7 '" ' gT~7

THE CHRONICLE

J anuary 2 1897 J

1896.
1896
1895.
1894
♦ S to c k a t L i v e r p o o l ........ b a l e s .
9 9 9 ,0 0 0 1 ,0 5 9 ,0 0 0 1 ,2 2 3 ,0 0 0 1 ,3 8 9 ,0 0 0
mt o e k a t L o n d o n ..............................
6 , 0 0 0 ______5 , 0 0 0
7 ,0 0 0
7 ,0 0 0
T o t a l G r e a t B r i t a i n s t o c k . 1 , 0 0 ' , 0 0 0 1 ,0 6 1 ,0 0 0 1 , 2 3 0 , 0 0 0 1 , 3 4 6 , 0 0 0
S t o c k a t H a m b u r g . __ . . . . . . . a
1 7 ,0 0 0
2 3 ,0 0 0
2 0 ,0 0 0
2 0 ,0 0 0
S t o c k a t B r e m e n . . .......................
1 7 4 ,0 0 0
2 2 2 ,0 0 0
2 5 4 ,0 0 0
1 8 5 ,0 0 0
S t o c k a t A m s t e r d a m ................
6 ,0 0 0
8 ,0 0 0
1 3 ,0 0 0
1 5 ,0 0 0
S t o c k a t R o t t e r d a m ......................
200
200
200
200
S t o c k a t A n t w e r p ........................
9 ,0 0 0
1 7 ,0 0 0
1 1 ,0 0 0
1 3 ,0 0 0
S t o c k a t H a v r e ................................
1 9 6 ,0 0 0
3 1 4 .0 0 0
4 4 9 ,0 0 0
3 9 2 ,0 0 0
S t o c k a t M a r s e i l l e s ........................
5 ,0 0 0
5 ,0 0 0
5 ,0 0 0
6 ,0 0 0
S t o c k a t B a r o e l o o a ..................
5 2 ,0 0 0
6 3 ,0 0 0
6 0 ,0 0 0
4 8 ,0 0 0
S t o c k a t G e n o a __ . . . . . . . . . . . .
4 1 ,0 0 0
3 6 ,0 0 0
1 8 ,0 0 0
9 ,0 0 0
S t o c k a t T r i e s t e ................
1 4 ,0 0 0
1 6 ,0 0 0
1 7 ,0 0 0
1 8 ,0 0 0
T o ta l C o n tin e n ta l s to c k s ..
5 1 4 , zOO
7 0 4 ,2 0 0
8 4 7 ,2 0 0
7 0 6 .2 0 0
T o t a l E u r o p e a n s t o c k s ___ 1 , 5 1 9 , 2 0 0 1 , 7 6 8 , 2 0 0 2 , 0 7 7 , 2 0 0 2 , 1 0 2 , 2 0 0
I n d ia c o tto n a flo a t fo r E u ro p e
5 2 ,0 0 0
6 9 ,0 0 0
1 4 ,0 0 0
5 1 ,0 0 0
A m e r.o o tto n a flo a t f o r E u ro p e
O I L ,0 0 0
4 9 9 ,0 0 0
8 1 8 ,0 0 0 6 1 5 ,0 0 0
t ,B r a z il ,« f e o ., a f l t. f o r E ’p e
3 ) ,0 0 0
4 6 ,0 0 0
4 6 ,0 0 0
5 3 ,0 0 0
i n U n i t e d 8 t a t e s p o r t s . 1 , 2 9 4 , 3 5 6 1 , 1 0 0 ,6 4 4 1 , 2 8 5 . 2 6 1 1 , 2 8 5 , 5 6 4
S t o c k i n U . 8 . in te r io r to w n s ..
5 7 8 ,4 7 5
5 8 3 ,6 6 3
6 0 0 ,9 5 6 4 8 1 ,9 7 7
U n ite d S ta te s e x p o r ts to -d a y .
1 2 0 ,7 0 2
2 7 ,4 1 3
4 0 ,2 5 5
2 2 ,0 0 1
T o t a l v i s i b l e s u o p l y .............. 4 , 2 4 4 , 7 3 3 4 , 0 9 3 , 9 2 0 4 , 8 3 1 , 6 7 2 4 , 6 1 5 , 7 4 2
O t t b e a b o v e , t o t a l s 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 llo w s :

K

Q u o t a t io n s f o r

A m erican —

E ast In d ia n , B ra zil , &c.—
1 4 5 .0 0 0
1 8 0 ,0 0 0
1 4 4 ,0 0 0
2 2 7 .0 0 0
L i v e r p o o l s t o c k ....................... . . .
6 ,0 0 0
5 ,0 0 0
7 ,0 0 0
7 ,0 0 0
L o n d o n s t o c k ......................................
8 1 .2 0 0
7 1 ,2 0 0
1 1 5 ,2 0 0
1 0 1 ,2 0 0
C o n t i n e n t a l s t o c k s .........................
5 2 .0 0 0
6 9 ,0 0 0
1 4 ,0 0 0
5 1 ,0 0 0
I n d i a a f l o a t f o r E u r o p e ..............
3 9 .0 0 0
4 8 ,0 0 0
4 6 ,0 0 0
5 3 ,0 0 0
® £ y p t . B r a z i l , A c . , a f l o a t ..........
T o ta l E a s t In d ia , A c . . . . . .
3 * 2 3 ,2 0 0
3 7 1 ,2 0 0
3 2 6 ,2 0 0
4 4 4 ,2 0 0
T o t a l A m e r i c a n ....................... 3 . 9 2 1 . 5 3 3 3 , 7 2 2 , 7 2 0 4 ,5 .5 5 , 4 7 2 4 , 1 7 1 , 5 4 2
T o t a l v i s i b l e s u p p l y ........... 4 , 2 4 4 , 7 3 3 4 , 0 9 3 , 9 2 0 4 , 8 8 1 , 6 7 2 4 , 6 1 5 . 7 4 2
M id d lin g U p la n d , L iv e rp o o l..
3133d.
4d.
4^3t.
4 6 ,« d
5111
M id d lin g U p la n d , N e w Y o rk .
7 s i* o .
8»„o.
8 'j e o .
E g y p t G o o il B ro w n , L iv e rp o o l
5 H 1(}d .
6Sled.
41-jd.
538.1.
P e r u v .R o n g h G o o d , L iv e rp o o l
5%d.
64.
6V d.
4 7 ,„d .
33i»d.
B r o a c h F i n e , L i v e r p o o l ..............
4 3 a 1.
316T1:
T i n n e v e lly G o o d , L iv e r p o o l..
4 3 s).
33,gd.

t y The imports into Continental ports the past week have
been 135,000 baleB.
The above figures indioate an in crease in the cotton in sight
to-night of 151,813 bales as compared with the same date
of 1895, a falling off of 088,939 bales from the corresponding
date of 1894 and a decrease o f 371,009 bales from 1893.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1895—is set out in detail below.

M id d l in g

C otton a t

O t h e r M a r k e t s .—

Below are dosing quotations o f middling cotton at Southern
and other principal cotton markets for each day o f the week.
Week ending
Dec 3 1 .
G a lv e s to n . .
M ew O r le a n s
M o b i l e ........ ..
S a v a n n a h ...
C h a r le s to n ..
W ilm in g to n .
B o s to n ......
B a ltim o re . .
P h ila d e lp h i a
A u g u s t a ........
V te o ip h is___
S t. L o u i s . . . .
H o u s to n . . . .
U in o m n a ti..
L o u i s v i lle - - .

CLOSING QUOTATIONS FOR MIDDLING OOTTON ON—

S a tur.

6=8
......
______

..........

Mon.

Tues.

6 U 18
6»4
638
6h2
6^
6 0 ,8
634

G U ift
6 '1 1S
6 yi«

7
...........
_____
61*16
6?4

G78
6^8

63a
63s
6*3
6*2
6L«
6 ili,
7 iie
7
7=16
634
6U
I ►
»•
» '8
6 78

6hj
G0 18
6 i t i6
” *16
7
7 ° ie
63*
6 u is
6%
G U is
6 78
6 78

____

7 ° I6
6%
Gu ]6
6 l s t«

Wednes.

Thun.

F ri.

6 n ,o
6%
6%
6 » ia

;

;

I

6%
6^
7-16
7
7 7 ,6
6 1 3,8
6 U ,6
6 1 3 ,8
611 ,8
678
6%

a
tej
j
;
;
;

follow ing table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
aonsumption; they are simply a statement o f the w eekly
movement from the plantations of that part o f the crop which
dually reaches the market through the outports.
R e c e ip t s

8 5 4 ,0 0 0
8 7 9 ,0 0 0 1 ,0 7 9 ,0 0 0 1 ,1 6 2 ,0 0 0
L i v e r p o o l s t o c k ................. b a l e s .
4 3 3 .0 0 0
6 3 1 ,0 0 0
7 3 1 ,0 0 0
6 0 5 .0 0 0
C o n t i n e n t a l s t o c k s .........................
6 it.000
4 9 9 ,0 0 0
8 1 3 ,0 0 0
6 1 5 ,0 0 0
A m e ric a n a flo a t fo r E u r o p e ..
U n i t e d 8 t a t e s s t o c k ....................... 1 , 2 9 4 , 3 5 6 1 , 1 0 0 , 6 4 4 1 ,2 3 - 5 ,2 6 1 1 , 2 3 5 , 5 6 4
5 7 - 3 ,4 7 5
5 3 3 ,6 6 3
6 0 0 ,9 5 6
4 3 1 ,9 7 7
U n ite d S ta te s in te r io r s to c k s .
1 2 0 ,7 0 2
2 7 ,4 1 3
4 0 .2 5 5
2 2 ,0 0 L
U n ite d S ta te s e x p o rts to -d a y .
T o t a l A m e r i c a n ....................... 3 . 9 3 1 . 5 3 3 3 , 7 2 2 , 7 2 0 4 , 5 5 5 , 4 7 2 4 , 1 7 1 , 5 4 2

45

the

P l a n t a t i o n s . —The

Receipts a t the P orts. S t'k a t In te rio r T ow ns. Rec’p ts fr o m P la n V n s.

W uih
E n d in g —
fo v .
Dec.
“
“
**
“

from

2 7 ........
4 ........
11........
1 8 ........
24 . . . .
3 1 ........

1896. | 1895. I 1894.

1886.

1895.

1894.

1896.

313,526-19P.533 j365,220
265,902 227.0011351.451
278.468- 234.059 363.136
327,175,'222 788 359,098
O T .615 223.919 312.787
219,1221 J 78.824 251.851

530.031
568.918
568,782
575,781
580,718
578,475

494,118
532.888
556,372
595,332
596.822
583,663

443,014
484,023
501,606
568,829
609,004
600.956

341.073
294.789
2S8.332
334,174
282,582
216,819

1895.

1894.

221,737 399,796
265,571 392,460
257.743 380,719
251,743 426,921
235,439 352,972
163.1651243,806

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1898, are 5,381,134 bales; in
1895 were 4,095,639 bales; in 1894 were 5,931,573 bales.
8.—That although the receipts at the outports the past week
were 319,133 bales, the actual movement from plantations was
316,849 bales, the balance goiag to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 163,165 bales and for 1894 they w erj
343,806 bales.
Overland

M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1 .—

We give below a statement showing the overland movement
to, rhs week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular monthly report, but all
the principal matters o f interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending Dec. 31
and since Sept. 1 in the last tw o years are as follows.
1895.

1896.

December

31

Week.

Since
Sept. 1 .

Week.

Since
Sept, l i

ihipped—

CC

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1 6 ,6 0 4
6 ,4 9 6
103
17
5 ,0 4 7
3 ,1 1 4
9 ,7 7 9

3 4 4 ,0 5 5
1 5 5 ,9 5 2
1 2 ,0 2 2
45
8 7 ,7 5 2
4 7 ,6 1 0
4 8 ,2 6 1

T o t a l g r o s s o v e r l a n d .....................

4 9 ,4 2 4

7 5 7 ,1 5 3

4 1 ,1 6 0

6 9 5 ,6 9 7

O v e r la n d t o N . Y ., b o s t o n , A c ..
B e t w e e n I n t e r i o r t o w n s ..................
I n l a n d , & o ., f r o m S o u t h ..................

1 3 ,5 4 3
33
460

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

1 7 ,0 4 4
10S
2 ,4 1 4

1 2 6 ,0 1 1
2 ,3 1 0
2 6 ,4 4 2

T o t a l t o b e d e d u c t e d ....................

1 4 ,0 3 6

2 0 9 ,2 6 1

1 9 ,5 6 6

1 5 4 ,7 6 3

5 4 7 ,8 9 7

2 1 ,5 9 4

5 4 0 ,9 3 4

S t . L o u i s ............................................
C a i r o .....................................................
P a r k e r .................................................
E v a n s v i l l e ........................................
L o u i s v i l l e .........................................

1 8 ,7 9 8
1 0 ,1 1 1
1 ,0 2 8

Deduct sh ip m en ts—

•f

to © x b**-•V to©:* ©w
<i —^ ©b* ©® wb* to©©"^ © w ©o ©
XX'-‘ t03;©0©K,©-qOP-q^OitO-—
—WtO©l;iC. ©© —

X O tO -J —

V i a o t h e r r o u t e s , A c ..........................

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

3 3 2 ,5 0 3
1 7 6 ,1 7 4
9 ,1 1 5
602
8 9 ,4 6 5
8 2 ,3 2 1
6 7 ,0 7 8

V ia
V ia
V ia
V ia
V ia

S2 *

L e a v in g t o ta l n e t o v e r la n d * .. 3 5 ,3 8 8
* In o ln d in g m o v e m e n t b y r a i l to C a n a d a .

The foregoing shows that the week’s net overland movement
this year has been 35,388 bales, against 31,594 bales for the
week in 1895, and that for the season to date the aggregate net
•verland exhibits an increase over a year ago of 6,983 bales.
1896.

OOftMtOCOMtO©)^ to© © -3to■&
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I V c c 'h 'c soe-V'—'
CiXOF-XtfJ- —-U
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V. —"r. "r.ac"x c*71 i .'-J'oav > i : x ci>V.
® H M r5 *.0 n aft»O '1 3 V 5 -W 3 -'v'l
- j - j u s M o v s - . o Q p g i — i' jo

* T h i s y e a r ’s f i g u r e s e s t i m a t e d ,
f L a s t y e a r ’s f i g u r e s a r e f o r N e w b e r r y , 8 . O .

The above totalsshow that the interior stocks have decrea sed
luring the week 3 373 bales and are now 5,188 bales less
than at same period last year. The receipts at all the towr.s
have been 44,095 ■>tie. more than same week last year and since
Sept. I they are 733,490 bales m ore than fo r same time in 1895.

I n Sight a n d S p in n ers*

T akings.

W ttk.

Since
Sept. 1 .

1895.
W ee*.

Since
Sept. 1 .

R e c e i p t s a t p o r t s t o D e o . 3 1 ............ 2 1 9 , 1 2 2 4 , 9 2 3 , 2 5 3 1 7 6 , 3 2 4 3 , 5 4 4 , 6 6 6
5 4 0 ,9 3 4
5 4 7 ,3 9 7 2 1 ,5 9 4
N e t o v e r l a n d t o D e c . 3 1 ....................... 3 5 , 3 8 8
3 6 4 ,0 0 0
3 6 1 ,0 0 0 2 0 ,0 0 0
2 2 ,0 0 0
S o u th e rn c o n s u m p tio n to D e c . 31
T o t a l m a r k e t e d ................................. 2 7 6 , 5 1 0 5 , 8 3 2 , 1 5 0 2 1 7 , 9 1 8 4 , 4 4 9 , 6 0 0
1 3 ,1 5 9
5 5 0 ,9 C 3
* 2 ,2 7 3
4 5 7 ,8 8 1
I n t e r i o r s t o c k s i n e x c e s s ....................
2 0 4 ,7 5 9
C a m e i n to s ig h t d u r in g w e e k . 2 7 4 ,2 3 7
5 ,0 0 0 ,5 6 3
6 ,2 9 0 ,0 3 1
T o t a l i n s i g h t D e c . 3 1 ..................
N o r t h ’n s p i n n e r s t a k ’g s t o D e c . 3 1
* D e c re a s e d u r in g w e e k .

4 4 .8 8 1

9 4 6 .5 2 0

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

W e a t h e r R e p o r t s b ? T e l e g r a p h .— R eports to u s b y te le ­
g r a p h fr o m th e S o u th to n ig h t in d ic a te th at in the S m t h w e i t
ra in h as been q u ite g e n e r a l d u r in g tb e w e e k , b u t e se w h e re
the w e a t h e r h as b een d r y a s a ru le . T h e m o v e m e n t o f the
c ro p , h o w e v e r , has been q u ite free.
G a lv e s t o n , T exas.— T h e w e a th e r h as as a rule bien v e ry
fa v o r a b le fo r f a r m i n e o o e ra tlo n s ; late rains h a v e ratar led
w o r k s lig h tly , but o th e rw is e h a v e been beneliiial.
The
w e e k ’s r a in fa ll h as b e en on e in ch a n d t w e n t y hundredths, o n

THE CHRONICLE.

m

[V ol. LX IT,

WC5 j

*XW>ttTS TO K U B O r* PROW AM , IN DIA .
bn*.a veraged 51, ranging from
(kff* 4)ifiI. Tlm iiwr-f
1895.
1894.
1896.
41 m «1
S h ip m e n u
f-rf _ W« Rave had rain on three dav* during
to a l t K n ra p t
T
h
it
T
h
it
Since
S
in
c
e
T
h
it
m
n
e
t
rag
one
inch
and
twentycitation rrmch
. ih#
fr o m —
week.
Sept. 1.
Sept. 1.
week.
w eek.
SepL 1 .
sit. ft,# tbfriM^oa* u•r has ranged from 34 lo 88,
Umt h%
1 3 7 ,0 0 0
9 .0 ‘0
35.000
i o i , o o o 1 0 ,0 0 0
e o m h a y ______
fcVtVlglleg
4.000
8 4 ,0 0 0
7 4 ,0 0 0
0 ,0 0 0
64.000
%m » - R a m ban falllea heavily on two davi of A ll o t h e r p o r t*
.V
Sihv r s ir in of oo f io ch and thlrtv hundredths.
1 7 5 ,0 0 0 1 6 ,0 0 0
2 2 1 ,0 0 0 13,000
99,000
T o ta l
9 ,0 0 0
* m eet S3, bighrsl tW, lowest 35.
&wm%y* i
Al.KXANDllU RKCKUT8 ISO SHIPMENTS,
«,••{) m fieiii'l r»i» has fallen, hut more is
*hiM b«wii min on tbit## days during the week.
A le x a n d r ia , M a vpt,
1895.
1894.
1896.
m ivat-buis two laohv*. The tharmhuieter ha*
December 3 0 ,
4S, Hiif bichret isring ®S «nd the lowest 23,
J
U
m
p
u
(
a
a
n
ta
r
e
*
)
....
Amt&mfo, ttM * .—There has been rain op two days of
2 1 4 ,0 0 0
2 7 0 .0 0 0
2 7 0 ,0 0 0
m is w e e * ..................—
3 ,8 5 9 .0 0 0
3 ,7 1 3 ,0 0 0
tis« wt< %*:» |jb# rx tm i of ®ix*v tsix hundredths of an inch.
2,9 1 8 ,0 0 0
B lu o e S e p t. 1 ................
a y fn g f il 51, ranging from 34 to 08.
Tb* itw Qk&MtM\*t
T
h
is
T h is ! S ince {
•Since
T h it
S in c e
f earnj —We have had r iI s on iwo dmy<s duriog the
« reek. Sept, l .j week. Sept. 1. w eek. Sept, 1 .
WSMP||., 1 ratal all bring « ventv II v«* hundredths of an inch.
E x p o rt* (bale*)—
The Um sifMjf#"!ivr has range*! from 33 to 68, avenging 80.
8,0 0 0 2 0 2 ,0 0 0 1 2 .0 0 0
To L i v e r p o o l. . . . . . . . 9 .0 0 0 1 84,000
0&4m* m, Tttn u .-R * in ba* fall :n on two days of the week,
To C o n tin e n t'-------- 5 .0 0 0 1138.000 | 4 ,0 0 0 11 1 ,0 0 0 10,000
u» Um < »»l nif one inch. Averag « therm om eter 51, highest
f o ta i E u ro p e ......... 14,0001320,000 12,000 3 1 3 ,0 0 0 2 2 ,0 0 0 2 92,0 0 0
SI «33?li
40,
• A o*nu»r is 98 pounds
Cilirc^
hi* biM'ti light rtiu on tim e dtys
1 Of wntofl to Vioerles tn 1996-9 7 .1 1 ,1 6 ) bates; to 1 8 9 5 -9 6 ,2 9 ,4 7 4
during tie vi< V. thf rainfall twins eighty-!**e hundredths of b»!e*'
In 1894-95 13,60') bates.
T(«< t!-.»-rt»oro*-t*<r bn* averaged 53, the highest baM a n c h e s t e r .Ma r k e t .— O u r r e p o r t r e c e i v e d b y c a b l e
i&S 14 s p 4 th f knt0»4 Hi*
Ft*r| H'ftrtk, 7V.ru*,—-Rain has fallen on three day* of the t o - n i g h t f r o m M a n c h e s t e r s t a t e s tim e t h e m a r n e t i s s t e a d y
v .rL , to the e s irn i of t *<• inches. Average thermometer -ii, f o r b o t h y a r n s a n d s h i r t i n g s . H i e d e m a n d f o r b o t h I n d i a
a n d C h in a is im p r o v in g ,
W e g iv e th e p ric e s f o r to - d a y
highest 66 »»<l lo * « t 'M,
A (aihrrfcni. Jlwm*.—'W e have had heavy rain on three b e lo w a n d l e a v e t h o s e f r p r e v i o u s w e e k s o f t h i s a n d l a s t y e a r
_______ ___________ ________________________
day* during the ». ,fc, the precipitation reaching two inches. f o r c o m p a r i s o n ;
ThV therm meter has averaged A?,, the highest being 00 and
1890
1895.
the l»w< »i 30.
OotVn
BH
lbs.
S
h
ir
t•
8%
lbs. S h ir t­ O oW n
JNVsc Orleans. to ttls iiw , - I t has-rained on one day of the
3 2 # Qop. in g s t com m on H id . 3 2 s Oop. in g s , c o m m o n M id .
Tw ist.
Tw ist.
w r t l , to the extent of one inch and one hundredtti. Toe
t o p nest.
U plds
lo fin e s t.
U p ld t
tbei ini'met* r hs» averaged $0
d.
d
.
d
.
».
d
.
».
d
.
».
d
.
s
.
d
.
d.
d
.
A
Shrrreporf, Omisiawh - Rain has fallen on three days of
« 4 4 * 9 * 6 10
6 1 > -s » 7 * 9 4 6 * 6 9
the week to the extent of fifty-live hundredths of an inch. ND teo. 2 74 66 il l'i|fei®® 77 1) i18
i " 16
4 4
*610
6i% * 7 % 4 5 * 6 8
Average thermometer 31. highest 78, lowest 27,
6% * 7 7 ,0 4 5 19 * 6 8
•* 11 8»s * 7 % 4 3 a o 9
tS "J
“ 18 6*9 » 7 5 i 6 4 2 * 6 8 k !
68* ® 7*a 4 5 * 9 * 6 8
Island, i f i f i taippi,—We have had no rain during the week.
i
2
®
6
8
G il,,, * 7 7 , a 4 5 * 6 7 % 41*
“
2
4
4
'3
j
d
h
e
The tin ratooteter h;ij. averaged 46-8, the highest being 63 and
6% *7* 2 4 5 * 3 * 6 8
“ 3 1 6*9 ® 73s 4 2 -* 0 8
4%
the
22,
S e a i s l a n P (J o t t o n H o v e m e n t . — W e nave received th is
CAttlr Horn, A rki- * ■-—There has been no rain during the
v ir k , TB«th*rmomet< r has ranged from 23 to 64, averaging 44, (Friday) evening oy telegraph from th e various ports th e
Btlrna. Arkansas —We have had no rain durir g the week. details o f the Sea I s l a n d cotton m ovem ent for th e w e a k . The
A v e rs ;* ihettm inner IP 5, highest 53 and lowest 22. Dso- receipts for the week ending to-night (Dec. 31) and since
Sept. 1, 1896, the stoctrs to-night, and the sam e item s for th e
etnhri rainfall, tw enty-eight hundredths of an inch.
Met
—Dry weather hits prevailed all t,h<* c o r r e s p o n d i n g p e r i o d s o f 1895. . r e a s f o l l o w s .
«> ek, T lf thermometer has averaged 40‘9, the highest being
Stock
18 9 6 .
1895.
55*6 and the lowest 2TS.
B eceip is to Dec. 31.
AoM rifle, JcnneMC —There has been no rain the past week.
T h it
S in c e
Th,i
S in c e
w eek. Sept, 1, w eek. S e p t. 1. 1896. 1895.
The thermometer has averaged 40, ranging from 19 to 60.
Moi’iif. A l u f t u h a v e had no rain during the week. S a v a n n a h .........
2 ,9 1 7 6 9 ,3 8 1 2 ,2 8 7 6 1 ,3 6 4 2 7 ,7 2 8 15,783
The thencnm eler has ranged from 81 to 69, averaging 48. C hart eston, &c.
160
9 ,4 4 s
8 ,7 0 5 6 ,2 8 8 2,491
377
4 ,0 4 4 3,3 1 5
1 ,8 3 0
5 ,5 8 3
782
524
R*inf*1i f r i t -ccrob-r three inches and thirty-tw o hundredths. F lorida. A c.......
Mo nSQomsry, Alabama.—We have had no rain the pa-t
T o t a l ............ ..................... 4 ,9 0 7 , 8 4 ,4 1 2
7 4 ,1 1 3 3 7 ,8 3 1 1 9 ,0 5 6
week. Average thermometer 14, highest .14 and lowest 33.
1be exports for th e w eek ending this evening reach a
Rainfall for month of D e-ember, two inches and tw enty
total of 6,729 bales, of which 6,174 bales were to G reat B ritain,
hundredth*.
Sarunnah, Qeoryia.—Rain has fallen on two days of the 853 to Franco and 200 to Reval, and the am ount forw arded io
w etk, <o the extent of forty-three hundredths of an inch. Northern mills ha* been 1,633 hales. Below are th e exports
Aver*.-e thermometer 49, highest 63 and Invest 28,
for the we »k and since September 1 in 1896 and 1895.
AvffUAta, Qrort/ia. --We have liad only a truce of rain the
Week k n d i n g Dec, 3 1 . ■Since Sept. I , 1 8 9 6 . N o rlh ’n M ills
p a n t f be tin rmotni ter has averaged 43, the highest
E xp o rtS
w ing 63 a rd the lowest 21.
Sin ce
fr o m —
G reat F r ’nce
G reat F r'nce
B r it’n.
He. Total. B r W n . die. Total. W eek. SepL 1.
CharleMon. South Carolina,—Rain has fallen on two days
of tl,< w«'k, lit- rmofali reaching twenty-one hundredths of an 9 ’v & rm % A o 3 ,4 9 3
3 ,49 3 1 2 ,0 2 2 2 ,7 7 6 1 4 ,7 9 8
0 2 3 1 4 ,7 8 a
inch. The thermometer has ranged from 29 to 59, averaging 46 O lia r l’t ’n .& o
778
1,9*38
1 ,9 3 3
Slaletmrg, South Carolina.—We have had rain on two days' F l o r i d a , &.o. 1 ,3 7 0
1 ,3 7 0 1 ,3 7 0
4 6 0 4 ,2 1 3
l,i7 0
* 555
5 5 5 6 ,3 5 5 3 ,0 6 3 9 ,4 2 3
of tli' «■»k, to the • x u n t of forty five hundredths of an inen. N e w Y o r k . .
2 ,1 1 4
Average thermometer 41 *8, highest 62 and low st 23. Decem­ B a l t i m o r e . . i ‘, 3 i i .......... 1 ,3 1 1 2 ,1 1 4
102
1 0 2 .......... - - - - ber rainfall three inch, - and nineteen hundredths.
T e t a l .......... 6 ,1 7 4
5 55 6 ,7 2 9 2 3 ,7 9 9 5 ,9 1 6 2 9 ,7 4 5 1 ,3 8 3 1 9 ,7 7 4
Wtiaon, ,Sorth Carolina,—Rtin has fallen or* one day of the
week, ti e rail.fall reselling ten hundredths of an inch. The T o t a l 1 8 9 5 ., 1 ,8 3 2
2 8 4 2 ,1 1 6 2 5 ,0 6 7 5 ,2 3 2 3 0 ,2 9 9 1 ,0 0 9 2 5 , 1 4 3
Iherii.omett r ha- ranged from 20 to 56. averaging 37.

1 r-4 M
1 r-l -*

fs» u Cotton Movement Prom all Ports.—The receipts
and shipment* of cotton a t Bombay have been as follows for
th« week and year, bringing the figures down to D c. Si.
»*%* * A B » T» ■w*
K h * i h t * w**k. Shipm ents tin t* Sept. 1 .
fieceipts.
1 Ovnti(treat i Oonli77111
S in ce
Total.
B r i t n , n*nt
ToUti. B ritain nent.
W eek. Sept. 1.
its e
:

j 6 0 0 0 6 ,0 0 0
1 0 ,0 0 0
........i 0 ,0 0 0 0 .0 0 0
i m 3 „ S M O ff 14^0001 U ^ o o o j

4 .0 0 0 9 7 ,0 0 0
0 .0 0 0 1 3 1 .0 0 0
J.OOO 3 4 .0 0 0
0,000*1 u ,000

Bhipmvnt* far (he wt-ek,
Brmt ! &mMTotal.
Brmtn,\ nmL

Qbd’pallJi.—■
**
..
».»5 ....
4lL
%$m.m-

i f f f ***,

r585

W»oo

Co«»

t,«w

1*000 : %mMi
■' B&QQ
i '1 OONli

|#000
I.OUO
«**»■*»
2.000
1,000
f|s0O0

101.000 39,000 3 0 5 .0 0 0
5 3 2 .0 0 0
3* 000 25.000 t 1 9 ,0 4)
120.000
Uo.ooo
2 8 8 .0 0 0
ShtpmenU rince Sept. 1.
1 3 7 .0 0 1 1 0 2 .0 0 0

QrttU
Britain. Continent,
3,000

5,000
9,000
LnOOO
10,000
1 %<xm

10,000
7,000
12,000
12,000
30,000
20,000

12,000
5 2,000
1
....

Total

—

13,000
12,001'
21,000
28,096
40.00
44,000
74,000
84,000

Q uotation* Dec. 31 at S a v an n ah , for F lo rid a s, com m on,
10c.; tn td iu m fine, \2}4c. ; choice, 16c.
Charleston, Carolinaa, medium fine, 18c ; fine, 21c.; fu llv

fine. 23® 34c.

&c.—

J u t s B g t t s , B a g g in g ,
T h e m a rk e t fo r j u te b a g g in g
h a s b e e n featureless during the week under r - v i e w , b u t p r i c e s
are as l a s t quoted, viz.: 4%c. for \% lbs., Sc. for 2 lb s . a n d
S . ^ c . f o r standard grades i n a jobbing way. C a r - l o a d i o t a o f
standard brands are quoted at 4 % c . for 1% lbs,, 5c, f o r 2 l b s .
and ob£c. for 2^4 Ins. f, o. b, at New York. Ju te b u t t s c o n ­
tinue dull at 1 3 32c. for paper quality, \%o, f o r m i x i n g a n d
2c. n o m i n a l for spinning butts, all to arrive.
S h ip p in g N e w s .— T h e e x p o r ts o f c o tto n fro m t h e U n ite d
S t a t e * t h e p a s t w e e k , a s p e r la test m a il r e t u r n s , h a v e r e a c h e d
2 3 2 ,1 7 7 h a l e s . 80 f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d t h e s e
a re t h e s a m e e x p o r ts r e p o rte d b y te le g r a p h a n d p u b lis h e d i n
t h e C h r o n ic l e l a s t F r id a y . W i t h r e g a r d t o N e w Y o r k w e
i n c l u d e t h e m a n i i V s t s o f a l l v e s s e ls c l e a r e d up t o T h u r s d a y .
T o ta l bales.
N w V n a it—T> L iv erp o o l, n n r s tn a m r r C evlo, 8 ,2 7 3 .....................
8 ,2 2 3
To H u h . p e r m c <mor C o lo ra d o , 1,744 ..........................................
1 ,7 4 4
I o 01.d o n . |n*r M e itn e r* U k u rg ia n , 8 ) 0 ___T ilrbo, 8 0 0 upIn x tb S O S - s its ix m t — ............ . .
..................................... 1 ,8 5 0
To 11 *vr«. p e r - t e n n e r L a Q « g a » g o e .831 u p la n d , 8 5 5 e e a
Itl h ad
.................................. ...................................................... 1 ,1 8 6
T o B re m e n , p e r * lea m ar* H a v e l. 8 . F, th n { n ld itln n a li, 1 27
...M in i t i i , ‘ H i
............................................
............ .......
1 ,0 2 4
1 0 H a m b u rg , p* •>
i n * ___
840.

N e w Y o r k —( C o n c l u d e d ) —
T o ta l b a le s.
T o A n t w e r p , p e r s t e a m e r s K e n s i n g t o n , S o O ----- '■it. c a m 1 ,0 8 6
b e r t 2 3 6 . . . . . . __ . . . ...................- - - - - - ............... .................................. T o G o t t e n b u r g , p e r s t e a m e r M a r e a g o , 5 7 6 ........... ..
...
576
T o C h r i s t i a n a , p e r s t e a m e r N o r g e . 1 0 0 ............— ............... .............
100
T o G e n o a , p e r s t e a m e r S a r n i a , 1 . 3 7 0 .....................................................
1 • J 'J J
T o N a p l e s , p e r s t e a m e r S a r n i a , 8 0 3 . . . .......... .....................................
8 JO
N e w O r l e a n s — C - L i v e r p o o l , p e r s t e a m e r s E n g i n e e r . e .o O O .. . .
M a d r i l e n o , 5 , 4 0 0 . . . . N i c e t o , 4 , 5 0 0 . . . . P o l a n o , 7 , 9 6 4 . . ......... 2 4 , 1 6 1
T o H a v r e , p e r s t e a u e r s B e n d o , 6 , 8 0 9 ------0 s t i l l l a n , 3 , 9 0 9
............ 2 7 . 6 3 2
... C o r s i c a . 5 ,2 3 2 . . . I m a u m . 1 1 ,7 0 0
T o B r e m e n , p e r s t e a m e r K n i g h t C o m p a n io n , 7 ,5 0 0 . . . . . . .
7 ,5 0 0
T o H a m b u rg , p e r s te a m e r C a n a d ia , 1 ,8 0 0 — H e rc y m la ,
3 , 2 0 0 ............ ...........................................: ................................
.........................5 *°00
T o A n t w e r p , p e r s t e a m e r S a r d i n i a n P r i n c e . 1 , 0 0 0 ................ ..
1 ,0 0 0
T o G e n o a , p e r s t e a m e r T u s c a n P r i a o e . 3 , 8 5 0 ............ ..
3 ,8 d0
G a l v e s t o n —T o L i v e r p o o l . p * r « r ,e a r n e r s A s h m o r e , 1 1 , 4 0 0 . . .
A r o n m o r e , 5 .9 5 0
F r e s h f ie ld , 5 ,8 3 5 .. ..W h i tb y , 4 ,4 2 9
. . . . W i l l i a m C lif f e , 6 . 7 7 2 ................................................................................. 3 4 , 4 3 6
T o H a v r e , p e r s t e a m e r M a v tle ld , 0 ,6 3 6 . . .
---------. . . . . . . . . .
6 ,b o b
T o B r e m e n , p e r s t e a m e r s A o a c ia , 6 .8 1 3 — H a l le , 8 , l o 0 . . . . 1 4 ,9 b 3
1 .3 0 0
T o A n t w e r p , p e r s t e a m e r B l e n h e i m , 1 , 3 0 0 ------- --------------------T o T e m a n d e , p e r s t e a m e r B l e n h e i m , 3 0 0 ....................... .................
300
T o A l o s t a , p e r s t e i m e r B l e h h e i m 1 0 0 . . . . .................. . . . —
100
M o b i l e —T o L i v e r p o o l , p e r s t e a m e r s B e c c l i f f , 4 , 5 2 7 — M o n t -

g o m e ry 8 4 5 0

. . ______ _______ B IB. — . .. .. . ——
—
. . . . . - 1 2 ,9 7 7

P e n s a c o l a —T o L i v e r p o o l , p e r s t e a m e r A l i o ia . 6 . 0 0 0 .................. ..
6 .0 0 0
S a v a n n a h —T o B r e m e n , p e r s t e a m e r P l a n e t Y e n n s , 4 , 5 5 0 — .
4 , 5 ’>0
T o H a m b u r g , p e r s t e a m e r P l a n e t V e n u s , 3 , 6 4 1 .............................
3 ,6 4 1
C h a r l e s t o n — T<* L i v e r p o o l , p e r s t e a m e r E m p r e s s , 6 , 3 6 2 u p l a n d , 1 1 2 S e a [ s t a n d ........................................... ...................... ..............6 , 4 7 4
T o M a n c h e s te r , p e r s te a m e r C a so a , 4 ,9 8 2 u p la n d , 2 L 2 S e a
[ a l a n d .......................................... ................................................................ ..........
5 .1 9 4
T o B r e m e n , p e r s t e a m e r W o o le r , 6 ,6 1 8 —
........... ..........................
6 ,•» l o
P o rt Royal
To L i v e r p o o l , p e r s t e a m e r I n o h i s l a , 6 , 1 7 2 . . . . . . .
6 .1 7 2
W i l m i n g t o n —T o L i v e r p o o l , p e r s t e a m e r G r a f t o e , 1 0 , 3 2 3 .............. 1 0 , 3 2 3
T o B r e m e n , p e r s te a m e r L ie f E r io k s e n , 1 ,0 0 0 ( a d d i t i o n a l ) .
1 ,0 0 0
N o r f o l k — j o L i v e r p o o l , p e r s t e a m e r s L a m b e r t ’s P o i a t , 4 , 1 4 7
. .. S h e i k h . 3 ,9 9 1
......................................................................................
8 .1 3 8
T o H a v r e , p e r s t e a m e r B l e n h e i m , 5 , 2 0 0 ..............................................
5 ,2 0 0
T o H a m b u r g , p e r s t e a m e r -------------, 1 0 0 ...................... ......................
10j
B o i . o n — i o L iv e r p o o l, p u r s t e a m e r s C a ta lo n i a , 1 .7 o 9
...
K a n s a s , 1 ,8 9 3 u p l a n d a n d 7 5 0 S e a I s l a n d . . . N o r s e m a n ,
3 , 4 1 4 u p l a n d , 1 7 3 8 e a I s l a n d ................................................... .................
7 ,9 3 9
B a l t i m o r e - I o B e l f a s t , p r s t e a m e r L r< d L a o s t o w a e , 1 0 8 . . .
303
P h i l a d e l p h i a —T o L ' v e r p o o l , p e r * t « * i n e r W a e s l a n d , 5 3 7 . . . .
537
F r a n c i s c o — To J a o a n , p j r s t e a m e r C h i u a , 1 ,5 7 6 ............... —
1 ,5 7 6
T o S h a i g h a i , p e r s t e a m e r C h l o a , 1 2 0 ................ ......................
—.
120
T o ta l.. . .. .

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

. . . ______

—

G a l v e s t o n —I o L iv e rp o o l D e c . 2 8 - S t e a m e r R i ta , 6 ,1 8 5 .
T o H a v r e - D e c . 2 4 - S t e a m e r K e n d a l C a t tl e , 8 ,2 8 0 .
T o B r e l i e n — D e c . 2 7 — S t e a m e r F u l w o l l . 5 .2 U 8 .
T o H a m b u r g —D e c 3 0 —S t e a m e r E i e n m o o r , 5 ' 0 .
T o C o p e n h a g e n —D e c 2 3 —S c e - u n e r I’n o r u t ) n d l i e . 1 , 2 0 0 .
N ew O rlea ns
To l iv h t d » o l - D e c 2 4 —S t e a m e r H o ^ a r t n , 2 , 9 1 5 ..........
D e c 3 0 —S t e a m e r F l o r i d i a n . 3 , 5 6 0 . . D e o . 3 1 — S t e a m e r s G a l l e g o ,
3 ,4 5 0 ; V e s ta , 0 ,6 0 0 .
T o tfa o c j« a t* * r- D < jc 3 ) - S t e a m e r L a u r e l B r a n c h , 6 ,5 0 0 .
T o H u l l —D e c . 2 9 — S t e a u e r ■ i t a l a f m 'l a l e , 3 , 0 7 0 .
T o H a v r e — D a o . 3 0 —S t e a m e r M o n t e z u m a . 1 4 , 8 5 0 .
To B re m e n -D e o
2 0 - S t e a m e r 8 t. O jw a ld , 4 ,6 0 0 . . . . D e c . 3 0 —
S te a m e r I l a r , 9 ,6 5 0
T o L i s b o n —D e o 2 6 - S h i p F e r r a r a . 3 0 0 ......... D e o . 3 0 — B a r k B e l l a
F o rm ig o s a , 3 5 0 .
T o B a r c e l o n a —D e o . 3 0 —S t e a m e r S a n F r a n o D o o , 6 , 5 0 0 .
M o b i l e T o L i v - r p o o l — D e c 2 8 —S t e a m e r K > y a lM t, 5 , J 6 5
P e n s a c o l a - T o L i v e r p o o l —D e c . 3 1 —S t e a m e r N e t h e r g a t e , 1 , 4 9 4 .
T o T a m p i c o — D e o . 3 0 —S t e a m e r U t o , 2 5 0 .
S a v a n n a h — • o L i v e r p o o l —D e o . 3 L— s t e a m e r A l d e r l y , 5 , 7 5 3 u p l a n d a n d
3 ,4 9 3 8 e a I s la n d .
T o B r e m e n — D e c . 2 8 —8 t e a r a e r S t r a t h b u r n , 1 1 , 8 3 0 .
T o G e n o a D e o . i 9 —S t e a m e r K l n g i w o o d . 4 , 4 5 0 .
B r u n s w i c k —T o L i v e r p o o l —D e o . 3 1 —S t e a m e r M a r v a , 1 8 , 0 0 3 u p l a n d
a n d 1 ,3 7 0 S e a I s la n d .
C h a r l e s t o n — T o B r e m e n — D e o . 3 0 —S t e a m e r s M a b , 8 , 7 1 7 ; N o r d k a p ,
5 ,6 7 3 .
T o B a r c e lo n a — D eo. 2 4 — B a r k M a r ia A n to n ia , 1 ,2 5 1 .
P o r t R o y a l - l’o L i v e r p o o l - D e c . 3 0 - S t e a m e r H t l l o r a g , 5 , 9 9 0 .........
D e c . 3 1 —S te a m e r W e m e t h H a ll, 8 ,1 1 2 .
NoBroLK—T o L i v e r p o o l — D e o . 3 1 — S t e a m e r s D o r s e t , 5 , 9 3 5 ; W il d e r s p o o l , 7 ,5 0 0 .
T o B r e m e n - D e c 3 0 —S t e a m e r B r e t w a l d a , 7 , 9 5 0 .
N e w p o r t N e w s — To L i v e r p o o l —D e c . 2 4 —S t e a m e r K a n a w h a , 1 ,5 0 0 .
B o s t o n —T o L i v e r p o o l — D e c 2 i - 8 t e a m e r V l o t o r i a n , 8 , 0 9 9 . . . . D e o . 2 4 S t e a m e r A n g l o m a n , 1 .9 1 5 u p l a n d a n d 5 6 1 S e a I s l a n d ___ D e o . 2 6 S t e a m e r C o i n t h l a , 3 , 0 9 8 . . D e o . 2 9 —S t e a m e r s C e s t i i a n , 8 , 7 8 6 ;
8 a c h - m . 3 .3 -5 2 .
B a l t i m o r e — To L 'v e r p o o l — D e o . 2 8 —s t e a m e r U l s t e r m ^ r e . 3 , 5 3 2 .
T o B r e m e n — D e o . 2 8 —S t e a m e r W e i m a r , 2 , 7 5 0 . . . D e o . 3 0 —S t e a m e r
W i l l e h a d , 1 ,0 0 0 .
T o R o t t e r d a m - 1 3 eo l e — S t e a m e r U r b i n o . 5 0 0 . . . D w . 2 1 —S t e a m e r
R u b e n s t e i n , 4 5 0 — D e o . 2 8 —S t e a m e r N e r a n o , 7 3 8 ___ D e o . 1 9 —
S te a m e r T a b a sco , 5 0 0 .
T o A n t w e r p - - D e c . 2 3 —S t e a m e r S c o t ti s h P r i n c e , 1 ,7 0 0 .
T o B e l f a s t —D e o . 3 0 —S t e a m e r L o n d o n d e r r y , 1 0 8 .
P h i l a d e l p h i a — To L i v e r p n » l—D e o 2 6 —s t e a m e r I n d i a n a , 4 5 2 .
T o A n t w e r p — D i o . 2 3 —S t e a m e r I l l i n o i s , l o o .
B a n F r a n c i s c o - T o . J a p a n - D e o 2 9 —S t e a m e r B e l g l o 2 , 6 0 3 .
T o C h i n a - D j c . 2 9 —S t e a m e r B e l g l c , 1 0 .

C o tto n f r e ig h t s th e p a st w e e k h a v e b e e n a s f o l l o w - .
S n tu r .

M on.

T u t* .

W ednes.

T h u rs.

15U 8

161S8

13128

1L *s

iL s s

....

....

..

F r»

...

H a v r e ................ . .
31*3'
D o ................ . .
...
...
B r e m e n ........... . .
30’
3
0
t
30!
301
30*
....
....
Do
........... .. .d .
301
H a m b u r g .............
L i
®32
632
»3»
....
....
Do
............ .d .
....
....
30® 32»
A m s t e r d a m ___
351
3 51
351
35*
B e v a l , v . H a m b ,d .
15«
*L h
'L u
l6 a i
15a i
Do
v . H u l l . . .d .
»L*
13e i
13a t
1 , e»
l3 a i
...
....
....
B a r o e l o n a ............. .d .
....
G e n o a .............. . . .
35t
11 <J4 * 3 , e 11<J4®3 .8 u e « ® L a u e « ® L a
T r i e s t e . . ..............
3 l«
La
3 1«
La
La
A n t w e r p ................
“ a.
D a«
D a.
La
l l a«
G h e n t , v . A n t w 'p . d .
13«4
La
la ai
I 'a a
13a>
O e n ta n e t p e r 1 0 0 lb s .

L i v e r p o o l . —By cable from Liverpool w e have the follow in g
statement o f the week’s sales, stocks. &o., at that port.

D ee. 1 1 .
S a l e s o f t h e w e e k .............. b a l e s .
O f w h ic h e x p o r te r s t o o k .. . .
O f w h ic h s p e c u la to r s to o k ..
S a l e s A m e r i c a n ..................................
A .o tu a l e x p o r t .......................................
F o r w a r d e d .............. ...............................
T o t a l s t o c k —E s t i m a t e d ............ ..
O f w h i c h A m e r i c a n —E s t i m ’d
T o t a l i m p o r t o f t h e w e e k ...........
O f w h i c h A m e r i c a n .....................
a m o u n t a t t o a t ......................................
O f w h i o h A m e r i o a n ............—

D ec 1 8

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

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

D ec. 3 1 .

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

4 4 .0 0 0
1 ,9 0 0
400
3 9 .0 0 0
8 ,0 0 0
5 0 .0 0 0
9 9 9 .0 0 0
8 5 4 .0 0 0
1 4 5 .0 0 0
1 3 4 .0 0 0
3 3 5 .0 0 0
3 3 0 .0 0 0

Che fcoae of the Liverpool market for spots and futures each
4af of the week ending Dec. 31 and the daily closing prices
of spot cotton, have been as follows.
S a tu r d a y M o n d a y.

S p o t.
M a rk e t, (
1 :4 5 P . M. $

Q u iet.

F u tu r e s .
M a rk e t,
t : 4 5 P. M .J
M a rk e t,
1 p. w.

d
3
c

t

(

E a sie r.

H 32

331 2

8 ,0 0 0
500

1 2 ,0 0 0
1 ,0 0 0

M l d . U p l ’d s .
S a l e s ..............
S p e c . < fee x p .

T u e s d a y . W e d ’d a y . T h u r s d ’y .

Q u iet.

S te a d y .

S te a d r.

S tea d y .

F a ir
b u s in e s s
d oing.

E a sie r.
4

413 2

^ 0 ,0 0 0
500

F r id a y .

1 0 ,0 0 0
500

3
O
W

S te a d y a t S te a d y a t
3 84 @4-14 p a rtia lly
a d v a n c e . 1-84 ad v .
E a sy .

S te a d y .

L'he prices of futures at Liverpool for each day are given
oelow. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
T h e p r ic e s a r e g i v e n i n p e n c e a n d 0 4 th .
i 6 3 - 6 4 r f .. a n d 4 0 1 m e a n s 4 l - 6 4 d .

T h u s:

3 63 m eans

2 3 2 .4 7 7

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

L iv e rp o o l, a s k e d , d.
Do
..............

47

THE CHRONICLE*

J anuary 3, 1867.]

>

S a tn r.

M o n .

d
D e c e m b e r ..
De j.- J a n ...
J t u .- F e b . . .
F e b .-M a rc h .
M o h .- A p r i l..
v p r i l - M a y ..
M a y -J a n e ..
J u a a -J u ly ..
J u l y . - A u g ..
A u g .-S e p t..

T neo.

W ed.

T b tir* .

F rl

1 :4 5
1 :4 5
4
1
1 :4 5
1 :4 5
4
4
P. M. p . . P . M. P. M, P. M. P . M. P . M. P . M.

D ec. 3 1 .

3
3
3
3

61
59
58
59

3 53

aj

3 59
3 59

3 60
3 61
3 59

d.

d.

3 57 3
3
3 5 4 3
3 54 3
3 51 3
3 55 3
3 55 3
3 56 3
3 57 3
3 55 3
3 55

d.

d.

53 3
56 3
5 413
51 3
55 3
55 3
56 3
56 3
57 3
56 3

57
55
55
55
54
55
56
56
57
56

3
3
3
3
3

3
3
3
3
3

61
59
58
58
58
58
59
60
60

d.
d.
d.
3 59 3 59 3 59

3 56 3 57
3 55 3 56
3 56
3 55 3 56
3 56 3 5 7
3 56 3 57
3 57 3 58
3 53 3 59
59 i 56 3 57
3 55

O o t -N o v

3 58
3 57
3 57

e?
2

3 57
3 53

3

3 59
3 59

3 60
3 57

::::

B R E A D S T U F F S .
Th ubsoa y ,

December 31, 1896.

Only a very moderate volume of business hi3 been trans­
acted in the market for wheat flour during the pisfc week.
The home trade has limited its purchases to immediate wants
a nd the export business has also been quiet. Values, how ­
ever, have ruled firm and for trade brands they have baen
advanced 5 to 10c. per bbh in sympathy with a stronger mar­
ker for the grain. At the close the market was firm but
quiet. Rye flour has been freely offered and prices have
weakened slightly. Buckwheat flour has received slightly
increased attention at about steady values. Corn meal has
had a limited sale at unchanged prices.
There has been a moderate amount of activity to the spec­
ulative dealings in the market for wheat futures and prices
ad ranced early in the week. There was fairly free buying
fo r investment account. Foreign advices reported advancing
markets and also brought bujing orders. There was also
a fairly large decrease in the supply of wheat on
passage to Europe and the American visible supply
showed a decrease. Crop accounts, both from Russia and
Argentine, were also of a nature to stimulate buying. Later
in the week, however, there was selling by longs to realize
profits and part of the improvement was lost. In the spot
market business ha3 been quiet. To-day the market was dull
a id without changes of importance. The spot market was
quiet but steady. The sales were limited to 8,000 bushels
spring wheat on private terms. No. 2 red winter was quoted
at $1 003^ f. o. b. afloat, No. 1 hard D.ituth at 9i%c. f . o , b.
afloat ana No. 1 Northern Duluth at 93%c. f. o. b, afloat.
I0A.ILT CLO SIN G PR IC K S O P S O . Z S B D W IS T KB V H 1 A T .

S a t.

0

tt

D e c e m b e r d e liv e ry
J a n u a r y d e liv e r y ...
S t a r o h d e l i v e r y .........
M a y d e l i v e r y ...............
J u l y d e l i v e r y ............

S3

3
...0 .

M on.

T 'i c s .

9 l\

911*8
9 319
897s

904
90

88^4
s a ’a

92%

88*4

W ed

T h u rt.

913q

....m m

9 0 »«
92*a

4

88T g
85*8

8 8 \
85*8

w

90L
92*e

F r i.

0

■V

There has continued a very quiet market for Indian corn
futures, and in the absence of new features changes in prices
have been unimportant. Early in the week there wag a
fractional advance, in sympathy with the improvement in

LVol, lxiv.

THE CHRONICLE

t"

8 u ww-^j
, bow o f th ® i © |» r o ? # o i# © t

# x p c i^ f m A i
£&#§##’ 'IK i ns.M

w t*s m i i M i
<####• MN* i n

%f<< hmi% oa f ef# »i|jf

1

mm b;M,
.

outporci. - fti« s iI m
■. 4 « * ij* w f* i.
s»# a |ia «

T u d& ?
wm

! Al *£0% -►
ir^ t
fE tE l
2a %
- • .,
31%
II %
it i
ii%
jg *
3 i%
&s
31%
i
b
e
f
lm
P
a
r
i
n
g
%
\un
f t btV# I»e«i4
i li«id *t#adh with m i l •At mad cora*
m k # f I r i f t t o r a i u i Ji
r , h&wwwwim U se r# w a § t
mm*
*10%

Mtkf i
CM4
te n i
M b*
-

tlrn l

Its tit# spot iis*trk#t is.

b n i h w t i i p p 'r s a n d
felMi l wmm %
|% # feata** tm d * i feai*'® 13NMN# h i’i y#?r*. T 1st bn*i.n#»« trarwaet^t!
mN
xnl: S r * | C li p '-4 at 3 k*, /,*>.. b, all >-*t ; 510, 2
t t 4 t JP 4r . l a # ! # « * ! r a n d No* 2 w h i t # a t 3 4 ^ 0 * l a
dull mad iiaebatigt?cL The?
l# y f.b«? :w m x k # 4
.|;jp
mind -steads'* Tlie g i l l i n ‘f E l f 't
jf i
#1*94 fSMIf k # l w m
1 t } i f . | t . i u- « i | - -i * f a a t a l a a t ? l i e * ( , y . b * a f l o a t ,
ciia#w®

M

Mm*. 2 *u

l

a

at k’A \4, in #U«i *aorami No. 2 white

IB tt- vEtftif*

#-

EyH&f emnkee

psu«

o r no, 2 mxwn

Sal.

Xtm*

Dee. 2 6 .
gioeX .it/ P r in t O lo th t—
a t P ro v iilo n o e , 6 1 s q u a r e s . * 2 6 ,0 0 0
A t F a il H ir e r , f it s q u a r e s . 8 9 3 ,0 0 0
. 9 0 9 ,0 0 0

18 9 5 .
Dee. 23.
1 2 7 ,0 0 0
1 5 6 ,0 0 0
1 8 1 ,0 0 0

.2 ,2 2 8 ,0 0 0

4 1 4 ,0 0 0

1896.

oat*.

w*&.
E4%
%%
11%
13%

T u t* .

The value of th« Mtuv York exports for the year to d ate ha
bean #H‘, .'l8.1''-i in 1898 against #9,398,019 in 1895.
The export dem and for br.nvu sheetings an l drills has fallen
to h-.uiu-a dtraenaioii" this week, whilst sales to home buyers
h a . •> a . aiti u< ett on a email » wle. Export grades are firm in
price, ten •urside of these the tendency is ttill in favor of
im p th, ii
.ii the m arket is not quotably lo wer. Bleached
c tiio iu ii it.- ...ftI i slow I? and in lim ited quantities only, nor is
Use mofi-steii; Iik'dy to be a free one u n til'lead in g agents
Oinkt...... n«* ieflnite aonouncem ent on prices. Low-grade
bleached nr, wtvd; under print, cloth iailuences. Denims
continue inactive and irregular. Ticks, plaids and other
ctvtr.- frolor.,1 cottons stow and featureless. Kid-fioUh.ui cambrics in light dem and and easy to buy.
Wide ii liny-, cotton flannels and blankets, quilts
:nni white
■■■!-inactive and featureless. Bu-iiaess in fan c y
caihrot-s ,«n«i liner -pccmlties lias been quiet and there has
b ■u out an indifferent dem and for such regular calicoes
• indigo bin >. shirtings, Turkey reds, staples, etc, (finghams
inactive throughou'. There baa been no business in regular
print cloths, which are nominally 2},£c. per yard, and odds
have been in light demand only a t easy prices.

Thun.

18 3 4 .
Dec. 2 9 .
4 0 .0 0 0
6 0 .0 0 0
7 4 ,0 0 0

1893.
Dee.. 3 0 .
1 4 2 ,0 0 0
1X 0,000
2 9 ,0 0 0

1 8 0 ,0 0 0

2 8 4 ,0 0 0

#r

W oolen Goods.—Th<re has been n o g e n e ra l d isp o sitio n o n
fSNNMNft-tMB# i* it r m r y ...
22
5 - ' v4
SS K
the part of agents to show further n e w lin e s of h e a v y -w e ig h t
\ * t j s* s « » rj,
■UH
O
a
13
22%
&M f 4 **I
-.«■.,
woolens and worsteds for men's w e ar d u r in g th e w eek. A n
V
W *13
23%
24%
M *f
. ...
2 th
occa-tona! im patient seller has m a d e e ffo rts to in te r e s t b u y e rs
H i# fo lia w in g a r e c lo s in g q u o ta tio n s :
out has m et with poor success, e v eD th o u g h so m e p ric e s n a m e d
# 0 0 tl#
have been lower than expected. T h is in d ic a tio n o f la c k of
F
a
t
a
s
t
,
w
in
te
r
.
.
.
.
.
.
.
#
4
7
5
if
5 20 etrength is not calculated to e n c o u ra g e b u y e rs to a c tio n u n til
£l#E*%*»*mw**»*iP EM* #2 00# t m
# a f« r§ !i* .* .M .
.
2 3 0 # 3 33 m tf wills exorskft..... 5 03-# 3 10
what other agents w ho h a v e n o t y e t sh o w n th e ir
E * t m , If-#, t ,♦**♦. *— S I # 3 t o B y© S o u r. s«ir»ertSae.. *2 7 0 # 3 15 they
t » t t « If ft* 4 — .*•*. 3 4 0 # 3 # 0 B u«k w h a a t d e a r .. * ., 1 2 5 # 1 3 5 hands are likely to do. For lig h t-w e ig h ts fo r q u ic k d e liv e ry
Qmm
. ***** 3 # s # 4 0 0 0&r» !»sai“
mere hits been a limited reorder d e m a n d , w ith o u t sp e c ia l fe a ­
itfm tr# .?* ,,..... - . . . .
4 TO # 4 # 0
W e#tern*
1 9 5 # 2 05
ture, The demand for overcoatings h a s been m o d e ra te a n d
.... ..r, . . . . * 4 & S # 4 # 0
B m o fly w in e . . . . . . . . . .
310
fp ricu
as before mostly for $1 to $L 25 kerseys. C lo a k in g s a re slow
i
ms . ,. ■:' u * .«- k* *.- ,* *• ^.-i* ,•* h„;,iH
fur
. i- .
of sale throughout, and featureless. Satinets, d o e sk ia je a n s ,
OEM*.
etc,, are inactive. Flannels dull a n d b la n k e ts q u ie t a t p re v i­
If
a
#*
a
i Oorw, p e r
0,
ous prices. Carpets in moderate re q u e st. B u sin ess in d re s s
$m m ST | W#«t*o ta lx iK L ..... 28 3 3 2
Eprlii##
100% . Ea* B ioixftd,.
2 91a,» 311* goods has been quiet throughout fo r b o th p la in a n d fa n c y
lie-: WSMmT H a ,9 . .
M*-4
32
to t
W estern , y e llo w ...
% i t . . . # « % • 0 0% 1 W e s tw n w b i t e ____ 27 3 8 32>a lines, without material change in prices.
tea, l it #
,* * * * .«* * f i
#
E a , t m itm L . * * * . « , m b m
M e. % whli#,***^*«* i a % #

, . fc

23 hi R y e —
W su rern , p e r bail)., 3 3 » <16
tv % j S ta te a n d J e r s e y .. 39 it 4 0
2 5 1 ,. B a r te r —W e s te rn —
*3 » SO
IP
33 * 33
30.

F oreign ’ D ry G oods . —T he m a rk e t h a s b e en v e ry q u ie t o u t ­
sid e of fo rce d c le a n in g u p b u sin e ss a t v e ry ir r e g u la r p ric e s,
re g u la r m e rc h a n d ise being in slim re q u e s t. F o r s p rin g goo d s
a m o d e ra te tiu m b e r of sm a ll o rd e rs h a v e been re c o rd e d w ith ­
o u t special fe a tu re .

W ith d r a w a ls o f D ry G ood s

Itu p o rla tlo u s a n d W a re h o u se

THE

DRY GOODS TRADE.

N ew Toast, Thcksday, P. M., Deo. 81. 1888.
Thn primary m arket during the past week has presented an
Unbroken aspect of extreme dutaees ia all departm ent!.
Tb*r» )»»* b---n a poor attendance of buyers and but a very
naoderat.* am ouatof busioew coming to hand through the
mill*., With the j ibbing trade there has been more business
doing, the h-.diag general jobber* m aking special prices to
el« <a up their atonies before the end of the year. The con­
dition of the market at Aral hands is not encouraging a t the
c!j>. of thf year. Buyers have shown no disposition to de­
part from their policy of extreme reserve in either cotton or
* » lea goods. In the farm er stocks of staples are undoubt­
edly accumulating and >n the latter the display of new heavy­
weight* for next fall l* abnormally backward. There iB no
temptation to seller* to endeavor to force business either by
making k u r.r price* in the one nor by a fuller display of
M W fH >n >h* other. The tendency of tiie market is to favor
'■«.iy*r» it, . uton good*, whilst there seems to be a relinquish­
ing of h - t . , of an advance in woolens. The continued lirtanCIJ>( ir•.'if ■ a the West me a source of disquietude, and so
f»r n
*r.- concerned they have had little or no
♦ ffu ti.
I>5M » tic c o m )*

(loons—The exports of cotton goods
w -w Uji* port for the week ending Deo. 28 were 89b
pa. *ag«». valued at #42,808. their dcntlnation being to the
»p< cilw-d in the Sables below:
U S . T o m to

II

— ________ __

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2 ,5 8 3
......
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203 S 2 ? f"
2 2 ,8 7 0
2 26,308

T h e im p o rta tio n s a n d w a re h o u s e w ith d r a w a ls o f d r y good*a t th is p o r t fo r th e w eek e n d in g D e c e m b e r 8 1 ,1896, and since
J a n u a r y 1, 1896, a n d fo r th e c o rre s p o n d in g p e rio d s o f laefc
y e a r a re a s fo llo w s:

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THE CHRONICLE.

JANUARY 2, 1897.]

City PsfyummiT.

me

TERM S OF SU B SC R IPT IO N .
T

he

I nvestors’

Su p p l e m e n t

w ill

be

furnished

w it h o u t e x t r a c h a r g e to every annual subscriber o f the

LOANS—
NAM E AND PURPOSE.

49
-— Interest.— , .------------ Principal.

P.Ol.Payable.

C o n s t r u c t i o n o f h i g h w a y s . :U o
P u b l i c p a r k s ............................. 3^2
S c h o o l i m p r o v e m e n t .......... 4
V a r i o u s m u n i c i p a l ............... 4

.T & ,T

J &J
J & J
J & J

When Due.
Jan.
Jan.
Jan.
Jan.

1,
1,
1,
1,

1917
1927
1917
1907

Amount.

$ 5 0 0 ,0 0 0
5 0 0 ,0 0 0
3 0 0 ,0 0 0
5 9 0 ,0 0 0

Other bids received were: Lee, Higginson & Co. $800,000 at

108 03,

E, C. Stan wood & Co., all or none at 102.
Estabrook & Co,, $500,000 a t 100-29; $500,000 a t 10051;
$300,000 at 107-56, and $59 >,000 at 104 26.
T h e S t a t e a n d C i t y S u p p l e m e n t w ill also be fu r ­
Blodget, Merritt & Co , $1,000,000 of 8J£s at 100'05.
nished w i t h o u t e x tr a c h a rg e to every subscriber o f the
E H. Rollins & Sons, $300,000 at 107-U61 and $590,000 at
103-569.
-C h r o n i c l e .
Leland, Towle & Co., $300,000 at 108-157.
T h e S t r e e t R a i l w a y S u p p l e m e n t w ill likew ise
The bonds will be issued in registered certificates of $1,000
be fu rnished w i t h o u t e x t r a c h a r g e to every subscriber or any multiple of this sum, and interest w ill be payable semi­
annually at the office of the City Treasurer. The certificates
o f the C h r o n i c l e .
will be ready for delivery January 1, 1897.
Tbe above loans w ill be secured by sinking funds providing
T h e Q u o t a t i o n S u p p l e m e n t , issued m on th ly, w ill
for the payment of the same at maturity.
also be furnished w i t h o u t e x t r a c h a r g e to every su b­
Brockton, Mass.—B o n d S a le.— On December 29. 1896, this
scriber o f the C h r o n i c l e .
city sold $20,000 of street improvement bonds at 101-35 and
T E R M S fo r th e C h r o n i c l e w ith th e fo u r S u p p le­ $8,000 of school bonds at 101-07. Ths denomination of the
securities will be $1 000 and they will bear interest at the rate
ments above named are T e n D ollars w ith in th e U n ite d of 4 per cent, payable semi annually on tbe first davs of Jan­
States and T w e lv e D ollars i
E u rop e, w hich in both uary and July. The street improvement bonds will mature
in ten years from January 1, 1897, at the rate of $2,000 an­
cases includes postage.
nually, and the school bonds in eizht years from tbe same
date at the rate of $1,000 each year.
Terms of A d vertisin g—i P e r Inch space.]
O n e tim e ............... .......... .. *3 50 I Tnr
Months (13 tim es).. $25 00
Brooklyn, N. Y.— B on d S ale.—-Eight bids were received on
One Month
(4 tim es).. 110 0 Six
onths
(26 tim es).. 43 00 December 28, 1896. when $700,000 of
per cent registered
Two Months
(8 tim es).. 18 00 I Twelve Months (52 tim es).. 58 00
gold bonds were offered by the city of Brooklyn. The bids
'The above terms fo r one month and m>ward are for standing cards.
received were as follows : Harvey Fisk & S ms, for tbe entire
)seue, 102-47 ; Title Guarantee St Trust Co.. $100,000 at 103-19,
T U e p u r p o s e o f t h i s S t a t e a n d C ity D e p a r t m e n t $100,000 at 102-19 and $500,000 at par ; Verm ilye & Co., for
is to f orn ish our subscribers with a weekly addition to and the entire issue, 101-12; D. A . Moran & Co., for the entire
continuation o f the S t a t e a n d C i t y S u p p l e m e n t . In other issue in lots of $1,000. at prices ranging from 100-19 to 101-27
words, with the new facte we shall give, the amplifications inclusive. C. H. White & Co., for the entire issue in lots of
$50,000 up to $500,000 at prices ranging from 100-10 to
and cirrections we shall publish, and the municipal laws we 101-23 and $200,000 at par; Hamilton Trust Co., $100,000 at
shall analyze in the “ State and City Department,” we expect par ; Manufacturers’ Trust Co., $100,000 in lots of $25,000 at
to bring down weekly the information contained in the prices ranging from 100-10 to 101 inclusive; Joseph L.
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as Breitenstein. $350,000 at 100 03 and $15,000 at 101-01. The
loan has been awarded to Harvey Fisk & Sons. The securi­
possible. Hence every Subscriber w ill at all times possess a ties will be dated Dec. 30. 1896. Interest will be payable
complete and fresh cyclopaedia of information respecting semi-annually on Jan. 1 and July 1, and the principal will
mature Jau. 1, 1936. These bonds, except for State purposes,
Municipal Debts.
are exempt from taxation.
Arkansas Non-H ollord Bonds.— E ffort to Obtain, a n A d ­
Chippewa County, W is.—B o n d S a le .—It is reported that
ju stm e n t—Holders of Arkansas Non-Holford bonds who de­ the $12,500 of 5 per cent bonds which were offered by this
sire to participate in the adjustment of their bonds are in­ county on December 8, 1896, have been sold at 10210. The
securities will be issued in denominations of $1,000 each, with
vited to communicate with Popper & Stern, 17 New Street, the exception of one bond for $700. Interest will be payable
New York.
semi-annually at the First National Bank of Chippewa Falls
As these bonds can only be designated by the number on and the principal will mature in five years from date of issue.
the bond, it will be necessary for holders to have their bonds
Claiborne Comity, Miss.— Bond S a le.—It is reported that
enumerated in the negotiation; otherwise they will not be Claiborne County has disposed of $13,000 of 6 per cent twentyyear bridge bonds.
represented.
Cleveland, Ohio.— B o n d S a le.—On Dec. 24, 1896, $200,000
The proposition is for the bondholders to unite in an effort
to secure action at the approaching session of the State Legis­ of 4 per cent city of Cleveland coupon water works bonds
were awarded to Dieiz, Dennison & Prior for $210,450. The
lature lookirg to an adjustment of the bonds and to effect a securities are dated Sept. 1, 1896, and the interest will be pay­
settlement with the State. W hile the bonds are recognized able semi-annuallv at the American Exchange National Bank,
New York City. Tbe principal also w ill be payable at the
as valid, no interest has been paid since 1873.
above bank and w ill mature Oct. 1, 1926.
C o m m e r c ia l

and

F i n a n c i a l C h r o n ic l e .

B o n d P r o p o s a l s a n d N e g o t i a t i o n s . — W e have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Allegheny, Pa.—B o n d S a le.—This city has authorized the
issuance of a bond for $5,795 17, and it is the intention of City
Comptroller James Brown to place the same in the sinking
fund. The loan will bear interest at the rate o f 5 per cent
and mature in five years from date of issue.
Allentow n, Pa.—B o n d S a le .— It isreported that Allentown
bas sold $36,500 of 4 per c-nt 5 to 30 year bonds at 101 "50,

College H ill, Ohio.—B o n d S a le.—The $3,212 88 of avenueimprovement bonds offered by this village on D cember26,
ls96, have been sold to S. Kuhn & Sons, of Cincinnati. Ohio,
at 4J^ per cent premium. The denomination of the securities
will be $320, with the exception of one bond, which w ill be
for the sum of $332 88. They will be dated December 26.1896:
6 per cent annual interest w ill be payable at the Citizens’
National Bank, Cincinnati, Ohio, and the principal will ma­
ture part yearly from December 26, 1897, to December 26,
1906, inclusive.
Columbus, ( la .—B o n d S a le.—On Dec. 26, 1896, $60,000 of
4J£ per cent redemption bonds of this city were awarded to
the Third National Bank of Columbus at par. The securities
will be dated Jan. 1, 1897. interest w ill be payable semi­
annually on January 1 and July 1. and the principal will ma­
ture Jan. 1, 1927. The coupons w ill be free from city tax and
receivable for all dues to thp city.
Fargo, No. D ik .— B on d S a le .—Xt is reported that $40,000 of
6 per cent 20-year bonds have been sold by this city at 101.

Athens, Ala.— B o n d O ffering.— Proposals w ill be received
until Feb. 1, 1897, by Thomas C. McClellan, Mayor, for the
purchase of water-works bonds to the amount of $15,000. The
securities are to bear interest at a rate not exceeding 6 per
cent and are to mature in not less than 10 years nor more
than 30 vears from date of issue. The denomination of the
Far Rockaway, N. Y.—B o n d s A u th o rize d . —At the election
held in the village on December 29, 1896, tbe $85,000 of streetbonds will be not less than $100 nor more than $1,000.
The official a d v e rtise m e n t o f th is sale w ill be f o u n d elsewhere improvement bonds and $35,000 of sewer bonds were voted.
I be improvement bonds will bear interest at the ra-e of 5 per
in th is D ep a rtm en t.
cent, payable semi-annually ou the first days of January and
Jutv.
and $24,000 of the principal will mature from January
Bloom ington, 111.— B onds D e fe a te d .— C it y
Treasurer
Mathew C . Smith reports to the C h r o n i c l e th at at the special 1, 1898, to January 1, 1921, inclusive, at the rate of $1,000 each
election on December 21, 1896, the people of Bloomington year. The remaining $61,000 will mature January 1, 1922.
voted 423 for and 935 against tne issuance of $75,000 of 5 per
Galveston, T ex .—B o n d s P ro p o se d .—City Auditor Theo. K.
cent refunding bonds,
Thompson reports that the city of Galveston may petition the
Boston, Mas».— B o n d S ale.—On December 28, 1896, the fol­ Legislature this month for authority to issue 5 per cent twenty
lowing loans of the city of Boston were awarded to R. L, Day to forty-year bonds. The amount of the loan has not yet been
& Co. and Blake Bros. & Co. at 102 8277:
determined.

O f trim*?.—>1* t* i t jrt.- i that this
(KM*!* until J jisojry 1 ! -. 1?. for the

(•«tke«t>irsr, Nf

f *) p tif r< rn t tK»rj*i *. t o

i

stu re In from

>fnujs 4*t*> «f s•.»!)<*.
c* F ire D U trlcl. X. H
biJ» were received by

Hllf*tM>ra<isfc B

n December
i district for

Its
I
: 4.

m'

..... ..... "" *

................... tOO 209

...... 99 Si

.............. .
.............. HU
. 7 . ' . 7 . 7 « E -............... too-

eeupoo. bond* of the denomination
luted January 5, 1>'»7, 4 per cent in*
■iniiustSr on Janustr I and Ju lv l
«k o f llillebormigh Village, N, H ,
tut« Jenusry i, 1917.
>ife.—The Boston News Bureau re
Iv<ke,
ha* awarded a thrreo Bond & Good win at 3 !^ per cent
. Niue other bids were received for

Xtu

i;w*r 39, l §96, City Treasurer Pierre
follow ing Hit of proposals for the

■If r e c e i v e d i

t w .m * >if * s i t r h m
.
...... . ...............
109-3S
aat»l»iw*1t
............................................ 108.tl 9
M l *A 0 6 .............
. . . . . . . . ..................
..

'

' > *ra<<>__
'
____
Ftifeer a l*h*lp*.

.......................... ................... l.i- is?

.............................
107-939
.............................................. .107 *50
107-477
........................................................107 177
ft *»* Bf»u» -V C o ................................................ . ............... 107-340
H.rri-* A tv. .............................................................. 107-190
c m trait* t tv .. s v .. ......... . ........................................... 107-iao
_

■>-.

K H U-- ;.c « A -v>l-» ............ ............................................... ......................1 0 S -9 S 9

- & Kvso.
a.- ...... .................................................—,.102"60
The seruriti** * iil !.e coupon gold bow ls of the denomina­
tion - f | d a t e d J«a. I,
and payable Jan. 1, 1927.
Ibtvr*«t »t the rate of 4 per cent will be payable semianouslly on January 1 and July 1. Both principal and
interns wdl tn- payable in gold at the National Hid- &
Leather Bank o f -Boston.

NEW

OfKtCK*
B&MEAr o r QAYAI» AIOAHU,
IU A .V i , It.- r B l w !V||>. MSS.

f%*»***»( t*@U*#

K ingston, N. i \ ~ Hand Salt-.—it is reported th a t this city
ha* sold electric-light bonds to the am ount of $8,000. The
| MCuriti-s will bear 8 par cent interest.
I.anroos, S. C.—Bond Sale, —It is reported th at this city has
disposed of electric-light bonds to the am m a t of $11,000.
Los Angeles t’onntv-, « « ! , —Bon l Salt —I t is reparted that
this county has so li $7,500 of school honcU. The loan will
bear interest at the rate of 7 p*r cent an d m ature'in from one
to ten years from date of issue.
Lynchburg, Yit.—Bond Cuff.—Notice is given by N. C.
M.ms-m. j r ., Chairman of the Finance Committee, to holders
of bonds of this city, th a t $14,000 of 5 p e rc e n t bonds, issue
of Mnv 5, IS-:.1, will ne redeemed on .Ttouiry 1. 1897. The
numbers of the bonds called run from 10S to 135, om itting
numbers 112, 114, 115, 125, 128, and 12$ to 131,
Mount Vernon. N. Y.—Bond Offering.—Proposals will be­
reft ived until 8 o'clock r . h January 11, 1897, hy the Board
of L o c a tio n , Ferguson Building, 38 West First S treet,
Mount Vernon, N. Y,, for the purchase of $85,000 of school
loan bonds. The securities will bear interest at a rate n ot
exceeding 0 per cent, p a y a b l e semi-annually a t the office of
the City Tresaurer. They will bo dated July 1, 1890. and th e
principal will mature from July 1, 1918, to Ju ly 1, 1930, in ­
clusive, at the rate of $5,000 each year. The denomination
of the bonds will tie $1,000 and they will b ) ready for deliv­
ery January 21, 1897. A certified check for the sum o f
$1,300 m ust accompany each bid.
Proposals will be received until 8 o'clock p. m . Jan, 5,
1897. by the Common Council of the city for the purchase of
$30,000 of 5 per cent assessment hands. Pin securiries will be
dated Dec. 15 1S90. Interest will be piyaole setni-annually
at the office of the City Treasurer, and the principal will ma­
ture D<;c 15.1903. The denoinina ian of the b m 1s will ba
$1,000. and they wilt be ready for delivery on or before Jan.
15, 1897. A eertilied check for th s su n of $300 m ast accom ­
pany each bid.
NuShn s, N. H.—Bond Sale— It is re ported th a t tbiscity bas­
so Id $25,000 of school b mds a t 106 07. The securities w ill
bear interest at the rate of 4 par cent and tbe principal w ill
mature in tw enty years from date of issue.

N E W LOANS.

LOANS.

\
V
S

*>? Chapter TPoftb©

ismm o f mm,, pwpmmk* v t l i b& m m i f mi mi ( h i* office
T » U »
l * t h &mf o f J a n u a ry . IK ‘ 7, a t I t

NEWBERRY,

S. C.,

6s Water and Electric-Light
Bonds.

honied proposals will b e re c e iv e d by th© C om m issbnier* o f P ublic W o rk s o f th e C ity o f N ew b erry ,
£ C„ u n til M onday, th e 2 6 th d ay o f J a n u a r y , 1887,
fu r S ix P e r Cent W a te r am t E le c tric -L ig h t B o n d s to
i m w%m*
m n M m t m o f m.mk* regt*- th e HJnoo&tof F o rty -t wo T ho u m in d D o lla rs in d e u o m .
•MaMI m t*:mpKm
« t (lift o p itetio f th e 'psmpmmr. kiM Ions o f f4500 e a c h ; m im in g fo rty y e a rs fro m d a te
a n d in te r e s t p ay a b le a n n u a lly a t t h e N a tio n a l City
B rie f ip#l and In ters* ! P ayable in Gold. B an k o f New Y ork, B o n d s b e a rin g d a te o f J a n u a r y
WSIS lx* tmmmi to tkm rmm * o f th e
o f th e 1st, 1807, a n d coupons p a y a b le o n J a n u a r y 1 s t o f
of X*m Tort, on iht credit tti (lie Sinking each succeeding year. P a y m e n t o f p u rc h a s e m o n e y
Wham®
t»y
#et., b m s i m m u r u i a t m * to he m a d e o n e h a lf on F e b ru a ry 1st, 1807, a n d o th e r
rai* ^ tk*w pir amtmm jwr annum. p a ya ble fu*ml~ h a lf A p ril 1st, 1887. T h e r ig h t to r e je c t a n y o r all
<itm1%»-Stat 4** * «!
Ff a n d J u ly . a n d bids reserv ed by th e C o m m issio n ers. P a r tie s d e sir­
Ilk*. s*rt&«l$Mk$ r^n sb « r*« t> lc m *tli# 0t*t day o f J a n o - ing t o offer bids, o r ask in g f u r th e r in fo rm a tio n , will
ad d re ss
JA M ICS M olN T O SH ,
« f f * I» t4 ,
K. C. JO N B g ,
h « fe rtfe # m m tm w an y p a n o f th e
.IA S. K , G IL D E R ,
mm ISMS* ItMMk
« l» te s rh e lb o r
C o m m issio n ers o f P u b lia W o rk s ,
f-mlmtarswi rtf
OsaKO* m#
N ew b erry , 8. C.
Pmfmmm&Mf«*r
umm will l»
to |»e m ade
m* tkm mrnmmmmm *4 tlm
M*m$bf 4 v p w it In t h #
*»*»» -4 %Mt»
Co, la lfe#<aifcjr of Near Y o rk
S I 4 3 ,0 0 0
ilw i c r » it4 o f ** Iftmmmtm o f t l » M
»«f N #w Y o rk

msm. o f Ihm. 4*y for mkmn o f

FOUR MILLION DOLLARS

■t.® feonMiss# * f i .atssJ ("itiw i '* tjif ik e a m o tin t i.»f ik e
*«**r*a, Urnm^bm- muto. psma'mm #.«4
In te re s t
fmmrj t* HiBf*
l* * i* tW'X0*%

>■#

ttm r ig h t to r « J # # . til
*»^( to ht« o p lo lm i s*lraiit*ig«yem* t o

sktato.

vtm hmst miu
*in ( lie tlrat. day
»f
mtii »m
e l III® H ank <,f
i * # Msmhmi* * » €**. i.» il* « r ii j r » f Now York..

]Wi»pr**t* I. ««4 ^ Awavr-1 *04 amdOHHNl Ml^ a n
imf Qms#
mui
t o tl.i©
*'rA*$****t*” *$-m» f to » *4 Jtow f o r t . . A thM sy, 2f. Y.
/ A X C H A. ItO B 'K H T f*,

S I0 0 .0 0 0

Lackawanna

Co.,

Pa..

4 a Tax Free Bonds,
0*< *4 I t* .. I . I k e s .

tin * » « . t , ! 9 0 0 .

fM f mi Pmwzitm u t k #

Heat,

ATHENS,

ALA.,

Water-Works Bonds.
M ATO R’8 O f PI CK,
)
ATHENS, A la., D ec. 2 0 th , 1890. S
T h e L egirdature re c e n tly a u th o r is e d t h e M ayor
a n d Com icll o f A th e n s , A lab a m a, to Issu e Y15,od0
<*f com nm rdA l b o n d s, la w fu l rm m oy, f o r th e entailiD h tn e n t o f wat-er- w orks. T h e b o n d s a r e to b e sold
at p a r in <Sem»miH.allr>os o f n o t le s s th a n # i 00 n o r
m o re thru* i-i.O-jO; a rc t o r u n n o t lews t h u s te n n o r
TiK.ro I hars t h irly y ears, at- t h e o p tio n o f th e b id d e r,
d raw in g n o t o v e r six p e r c e n t in te r e a t, p ay a b le sem i
an n u a lly n t th i s office,
S ealed b id s fo r th m o b o n d s, in w h o le o r in p * rt, hi
"ij' n d en o n m m tlo iis a n d r u n n in g s» eh tim e, w ith in
th e lim it s, a* i h e b id d e r m ay p r e f e r , w ill b e rocclvetl
so th is office ti ll 1st d ay o f F e b ru a ry , J 807, w h en th e y
« 111 im op en ed . T h e rig h t to ac c e p t o r r e je c t a n y o r
ail o f such pro p o sitio n s *» re se rv e d .
T H 0 8 . C. M C C LELLA N ,
M ayor.

MUNICIPAL

BONDS.

E. C, STANWOOD & Co..

r a t t K OX APPt.lCATIOS.

HA.NH.KltK,

EDW D. C. JONES CO.

121 Devonshire Street,
BOSTON.

Mi a iw r a tr r r m e e r .

FHttAMEI.ri.lt A,

» SHrtAttWA Y,
* * t| TOHS.

t.I H T f i H U N T U P O N

NEW

LOANS.

CITYof ST.LOU IS,MO„

§ 4 3 ,0 0 0

State of New York.

(ksB

[VOL. LX1V.

THE CHRONICLE.

50

A P P L IC A T IO N .

Notice of Redemption.
m a t c h ’s O f f i c e ,
)
S t . L o t u s , J u n e 2 7 th , 1808. >
To w h o m i t m a y c o n c e r n ;
N o tic e Is h e re b y g iv e n th a t t h e b o n d s o f t h e C ity
o f S t. L o u is, issu ed u n d e r a u th o r ity o f o rd in a n c e
N o. 12,485, n u m b e re d fro m n in e ty -s e v e n h u n d red l
a n d n in e ty - th r e e (9794) to n in e ty - e ig h t h u n d r e d a n d
e ig h ty -tw o (9882), b o th in c lu s iv e , w ill b e re d e e m e d
o n t h e seco n d d ay o f J a n u a r y , e ig h te e n h u n d re d a n d
n in e ty -s e v e n , p u r s u a n t to th e te r m s o f sa id o rd i­
n a n c e N o, 12,485, a n d th e te r m s e x p re s s e d i n said
bonds, a n d t h a t s a id b o n d s w ill c e a se to b e a r in t e r e s t
o n said seco n d d ay o f J a n u a r y , 1807. S aid b o n d s a r e
d a te d J u ly 2d, 1833, a r e p a y a b le J u ly 2d, 1903, a n d
a r e re d e e m a b le a t t h e o p tio n o f t h e C ity o f S t. L o u is
a t an y tim e a f t e r te n y e a rs fro m t h e ir d a te .
E a ch o f sa id bo n d s, w h en p r e s e t te d fo r re d e m p lon, m u s t h a v e th e th i r te e n u n e a rn e d s e m i-a n n u a l
In te re st co u p o n s, n u m b e re d fro m tw e n ty - e ig h t tofo rtv , in c lu siv e, a tta c h e d .
*
T h e se b o n d s a r e c a lle d in fo r th e p u rp o s e o f p e r ­
m a n e n t re tir e m e n t.
C. P . W A L B R ID G E ,
M ay o r.
L . S.

IS A A C M . S T U R G E O N ,

C o m p tro lle r.
A tte s t:
H , J . P o eo efv ,
R e g iste r.

o n Y OF PITT8BUh&, PA.,
4 PER C E N T BONDS.

WATER,
PAR K,
BRIDGE.
1>UK F it0,11 l » 0 t TO 1029,
EITUKK REGISTERED «>R COUPON.
Price and Particulars on Application.

JAMES

CAROTHERS,

300 Fourth Avenue.
PITTSBURG, PA.

C. H. Van Buren & Co.,
BA N K ER S

AND

B R O K ER S.

02 BRO ADW AY, N EW YORK
STO CKS. B O ND S A ND H IG H -G R A D E
IN V E S T M E N T S E C U R IT IE S .
C irc u lar L e tte r, in e lu d in g lis t o f s e le c te d B ond*,
M ad ed F re e .

THE (HRONICLE.

J anuary 2, 18>7.]

51

JJatlch, M a'S.— B ond S a le .—Sewer bonds of this town to from January 1, 1899 to 1912 inclusive, at the rate of $500
the amount of § 17.000 have been sold at 106-43. The securi­ annually.
ties will bear interest at the rate of 4 p=r cent, piyable semi
New York.—B o n d O ffering.—Proposals will be received at
annually in January and July in Boston. They are dated
July 15, 1696, and the principal will mature July 15, 1926. the office of Comptroller James A. Roberts, at Albany, N. Y .,
until January 12th, 1897, at 12 o’clock noon, for the purchase
The denomination of the bonds is $1,000.
Newburg, N. Y . —B o n d Safe.—It is reported that this city of $1,000,000 of canal bonds. The securities w ill be dated
has sold refunding bonds to the amount of $147,537 19. The Jan. 1, 1897, and the principal w ill mature Jan. 1, 1912. In ­
securities will bear interest at the rate of 3*^ per cent and terest at the rate of 3 per cent w ill be payable semi annually
mature in 20 years from date of issue.
at the Bank of the Manhattan Co. in New Y ork City on Jan.
New Haven, Conn.—Bond O ffering.—Proposals w ill be re­ 1 and July 1. Both principal and interest w ill be payable in
ceived until 11 a . M. January 5,1897, by City Auditor Benj. E.
gold.
Brown for the purchase of $350,000 of 4 per oent permanent
The official a d v e rtise m e n t o f th is bond offering w ill be f o u n d
pavemeiit bonds. The securities will be dated October 1,
1896, and the principal will mature in four equal instalments elsewhere in th is D e p a rtm e n t.
on October 1, 1901, 1906, 1911 and 1916.
Norwood, Ohio.—B o n d S ale.—The $3,000 of 5 per oent side­
Bids w ill also be received on the same date for $65,000 of 4
walk bonds offered by this village on December 21, 1896, have
per cent bridge bonds, to be dated October 1,1896, and mature
as follows: $25,000 on October 1,1914; $20,000 on October 1, been sold to the Western German Bank of Cincinnati, Ohio,
at a premium of 3 per cent and accrued interest. Tw o other
1915; $20,000 on October 1, 1916. Interest on both loans will
bids were received, those of the Centreville National Bank and
be payable semi annually at the office of the City Treasurer. A
the Atlas National Bank, which offered 103 125 and 100’25 re­
certified check for 5 per cent of the amount of bonds bid for
spectively. The securities w ill be dated Sept. 1, 1896; interest
must accompany each proposal. These bonds will be coupon
will be payable semi-annually and the principal will mature
bonds and registered with the Union Trust Company o f New
September 1, 1906.
Haven.
Omaha, Neb.—B o n d O ffering.— Proposals w ill be received
Newtown Union Free School Dlst. No. 14 (L. I.). N. Y.— until January 15, 1897, by this city for the purchase of oouds
B o n d S a le .—The following bids were received on Dec. 30. to the amount of $316,000. The securities will bear interest
1896, at the First National Bank, Brooklyn, for $7,000 of at the rate of 4J^ per cent, and the principal w ill mature in
school bonds o f this district:
ten years from date of issue.
G e o r g e M . H a l m ................................................................................................................ 1 0 3 2 9 7
Phelps, N. Y — B on d S a le.— Water bouds o f this munici­
L . M o r r i s o n .......................................................................................................................... 1 0 3 2 1
pality to the amount of $28,000 have been disposed of at a
I . W . S h e r r i l l .........................................................................................................................1 0 3 1 7
F a r s o n . L e a c h & C o .......................................................................................................1 0 2 - 6 1
premium of $500. The loan w ill bear interest at the rate of 4
B e n w e l l .1 E v e r i t t ...................................... .................................................................... 1 ( 2 - 2 5
per cent and mature in twenty years from date of issue.
S t r e e t , W y k e s & C o ............................................................... ..........................................1 0 2 0 8
W a l t e r S t a n t o n <fe C o .................... ................................................................................. 1 0 2 0 7
P e o p l e ’s S a v i n g s B a n k , Y o n k e r s .........................................................................1 0 2 0 4
B e r tr o n A 8 to rr s
.......................................................................................................... 1 0 1 - 8 0
O s w e g o C o n n t y S a v i n g s B a n k , O s w e g o ...........................................................1 0 1 -2 8
D . A . M o r a n A C o ..............................................................................................................1 0 3 1 6 9

Pleasant Ridge, Ohio—Bond O ffe r in g —Proposals w ill ha
received until 12 o’clock noon, January 20. 1897. by J. B,
Hayden, Village Clerk, for the purchaseof $> 931-13 of village
bonds, to bejdated December 1, 1896. The denomination- of
The loan was awarded to Geo. M. Hahn. The bid from D. the securities will be $500, with the exception of one bond,
A. Moran & Co. was rejected as being conditional. The secu­ which will be for the sum of $481-13. They will bear interest
rities will bear interest at the rate of 4J^ per cent and mature at the rate of 6 p. c., and the princioal will mature D ‘0 . 1, 1906.

N E W LOANS.

NEW

LOANS.

N E W LOANS.
C ITY OF

N O T IC E TO H O L D E R S OF

WACO, TEX., BONDS.
N o tic e i« h e r e b y g i v e n t h e h o l d e r s o f t h e C ity o f
W a c o S t r e e t I m p r o v e m e n t O p tio n a l B o n d s d a te d
J a n u a r y 1 5 th . 188 . d e n o m i n a ti o n 11.000, 6 * i n t e r e s t
d u e t w e n t y y e a r s a f t e r d a t e , o p t io n a l a f t e r t e n
y e a r s , t h a t n u m b e r s 1. 2. 3 , 1 5, 6, 7 , 1, 9. 10 a r e c a lle d
J n a n d w ill b e p a id o n p r e s e n t a t i o n to t h e W a c o
S ta te B a n k . W aco, T ex as.
I n t e r e s t w ill n o t b e p a id o n t h e a b o v e - d e s c r ib e d
B o n d s a f t e r J a n u a r y 1 5 th , 1 8 9 r.
C. C. M C C U L L O C H .
A t t e s t ;—
M ayor o f W aoo, T ex as.
R- W J A B L O N O W 8 K I .
C ity S e c r e t a r y .

Investment Bonds

NEW YORK CITY

I I S TS

SENT

UPON

31 %

GOLD BONDS.

GOLD BONDS.

Exempt From Taxation.
M ATURING

1915

TO

H P J7 .

FO R S A L E BY

V erinilyc & Co.,
N a s s a u JL: P i n e f * l« .

Kuhn, Loeb & Co.,
N o s . ‘i 7 - ‘2 9

P in e S t.

4 1 a n d 4 3 W a ll S tre e t,

CITY OF BROOKLYN, N. Y.,

4 0 W a te r Street, B oston.
7 N a ssa u S treet, N ew York.

4% BONDS.

16 Congress Street, Boston.

MASON, LEWIS <& CO.,

P ric e and P articu lars on Application.

BERTRON & STORRS

;m u n i c i p a l

SA N ANTONIO, T E X A S .

B lanchard,

BANKERS.

MUNICIPAL BONDS
B O U G H T A N D SO LD .
B u ild in g ,

W. N. Coler & Co.,
BANKERS.

BONDS. _____ MUNICIPAL BONDS.

I n t e r e s t 7 P e r C e n t N et.
C O M M IS S IO N S c h a r r e d b o r r o w e r o r le n d e r
-u n til lo a n s h a r e p r o v e n r o o d

F R A N C I S S M I T H Ac C O .,

&

16 State Street, B oston , Mass.

WHANN& SCHLESINOER
IN

M ills

BANKERS,
1 7 1 L a S a lle S t.,
C HICAGO .

D e v o n s h ire

4 0 W a ll S tre e t, N ew Y o rk .

TEXAS.

3 1 S ta te S t.,
BOSTON.

M A T U R 'N G F R O M 1920 T O 1932.

STATE CITY & RAILROAD BONOS

loans

Y o rk .

FO R SALE BY

R. L. D A Y & CO.,

BANKERS,

N ew

C h i c a g o D r a i n a g e ........................................................
S y r a c u s e , N . Y .............................................................. 4 s
L e R o y , N . Y ................................................................... 4 s
D e s M o i n e s , l a . ( S c h o o l ) ...................................... 4 H o
M u s k e g o n , M i c h .................................................. . . . . 5 b
S o u t h O m a h a , N e b r a s k a ...................................... 7 s
A s h l a n d , W i s . ( G o l d ) .............. ............................. 5 s

A P P L IC A T IO N

FREE FROM TAXATION

NO

Rudolph Kleybolte & Co.
BANKERS

$ 3 0 0 ,0 0 0

m o rtg a g e

D U E N O V E M B E R 1 s t, 1916.
I N T E R E S T P A Y A B L E J A N . 1 s t A N D J U L Y 1 s t.
E x e c u to r s , A d m i n is tr a t o r s , G u a r d ia n s a n d o t h e r s
h o ld in g t r u s t f u n d s a r e a u th o r i z e d b y a n a c t o f t h e
N e w Y o rk L e g i s l a tu r e p a s s e d M a rc h 1 4 ,1 8 8 9 , t o i n ­
v e s t in th e s e b o n d s.
P R IC E A N D P A R T IC U L A R S O N A P P L IC A T IO N

C IN C IN N A T I, O.

M E M B E R S O F BO STO N A N D N E W Y O RK
STO CK EX C H A N G E S.

Blodget, Merritt & Co.,

YORK

3K PER CENT

FO R

New York Savings Banks
and Trustees.

N EW

'4 :W A L L
------

STREET,

NEW ZYORK.
^ ------ JJUtlC

34 NASSAU STREET.

I'HK CHRONICLE.

52

\
,
:
■
’ ' ,
C fm i)it>i r t i i n O . 8 - I ’ titn m tu n u d « l $ 1 8 ,8 0 0 o f c i t y
Ifce
$hk«te, c «
• f K o H ir, » ! » pTVBriUMJ o f , Nl

£*v*&
to *ii mtt* « » n t 4 Th» o tw itti* *W •** “ ***“
H i « « ) I.
w 4 o i l m ature fc» follows; Jaeim iv !, !S « ,
j ( < . "v* Jar>u»i? 1 .5fw , f~l.(«>. Mtd th* bafcUBC* to January
J

'?*.'<

! m h * *( * t tls » r e w o f 4 t » r e w t t w ill >:«* p * y * K « « m i -

usrotiW • a JtooitrT 1 *ml July 1 M ih* F«r»*re' N»»onal
l u t t i f te>u«y, Tt»* t w i l l will b* re*bfc***
Its* d«f omis*not> of $ '• H*. i icopt one t o o l .
“'ll! l>» for
. T b s* !*«*'
t m ti»« p u r p o M of p « * s n g o f f ttlM f b o n a *
wfalclt fall J u , J tc u a r r I,
i t . , «iti , bondxi U r b i c d c n i , a t) i#el«4ing tW« •»*»*•
» $.? ••?.••' '• . f wbtctt ttC f.w a l* w» i«t debt. 1 be Mnrered
n i u M

fc r » * «

[V ol . LX1V.

tir.;. Sill harko the issue, the money will be used as follows:
8tn out v thousand dollars for construction of sew. rs, tw enty
thousand dollars for street improvements and ten thousand
dollars for the tire departm ent.
Wise ron-ily, V*,— Bond Sale.—It is rep o rt’d th a t R, A.
Avers & Co., of Rig Stone (rip , have purchased §30 00') of C; p r cent court lunxe bond# of this county a t p ir and accrued
interest.
Bond Safe,—It is reported th at ibis city
; W orcester,
has disposed of #100,000 of registered coupon bond# to Btodget,
■ M e r r i t t & Co., of Boston, at 113177, The ueourith s bear inten-1 at the rate of -t per cent and m ature in d.th, years from
j date of issue,
j

m m t- S .0 U .8 t8 twt<l t h e p o p u l a t i o n i n 18901

Denison, T ex.—Louis Lebrecht, Mayor. Below is a state
mi nt of the financial condition of this city corrected to Dec.
vear*4ale, N. V
.Vj I*.—1hl» to«m fcw» *ofd 128,000!
»f ; , . f w : t W n l. »t !W J*t«, Til.- loan will Mature p a rt | 1, J898, by means of a special report to the CllKONJCLE from
Will J. Scott, City Secretary. The city is about to purchase fo r
y e a r l y f r o m 1908 t o 1825 i n c i t a i f f ,
H a lllra a
Offering.—KropowU* will be | investm ent in the sinking fund, $15,000 of school bonds of th e
ta t « ;v . <t h r t b i t f t i u B t y u n t i l J a n u a r y t, !h ‘J T , f u r t h e p u r c h a s e issue of i888, and a t the end of the fiscal year, April loth, will
o f $4-1.979 o f 5 p * r o n l t»n« t o t e n - y e a r t o r tin.
have retired the floating debt and will have a cash balance in
n»«e. To*, —s'. .«tf Cuff.—Ho tic * U g iv e n t o h o l d e r s of street every fund. The corporation owns property valued a t #450,000.
lentr »*■:•»« nt !•• i- > cf till# city dated Jan. 15, 1897, and Denison has no w ater debt but pays a hydrant rental of
«.;*■ . t t o c » H 10 y e a r * a f t e r d a t e o f is s u e , t h a t l a n d s §2,458*25 per quarter.
Burnt* r i J, 3. 3, 4, 3, 6. 7, 9. 9 and 10 will be reder mrd on
This city is in Grayson County.
LOANStThcn D ue, B o n d . debt. D ec, 1 . 1 8 9 6 , $ 2 1 2 ,0 0 0 prew M a il a to tlu- Waco State Bank. Interest on these
7 ,0 0 0
FOSUtNG BONUS 1 8 8 4 A 180-1 — 1 'io a tin g d e b t ...................
bonds will <*»#* on Jan. 15.1897.
T o ta l d e b t................................ 2 1 9 ,0 0 0
6 s, J & J, $ 3 0 ,0 0 0
S in k in g f u n d ........................... 3 1 .6 5 0
J A J , 2 5 ,0 0 0 ...................................
TV
of thii mil wiil be found among the .is,flcilooi.
Bonus 1888 A 1892- N e t d e b t D ec. 1. 1 8 9 6 . .. . 1 8 7 ,3 5 0
won 11,881.

ad txrftM mettle tin where in th it Department,1
W aterbary, C« a,—Bond Offering,—Vropcmh wiil h ere

Os, J . U . $ 1 5 ,0 0 0 ................................... T a x v a lu a tio n 1 8 9 6 ...........4 ,5 0 0 ,0 0 0
A s s e s s m e n t a b o u t % a c t u a l v a lu e .
S a .J & J , 3 2 ,0 0 0 ..................................
S b w k k Bon u s 1 8 9 0 & 1 8 9 2 —
T o ta l t a x (p e r $ 1 ,0 0 0 ) 1896.$23*10«• ired until Fvhumry 8, 189T, by this city for the purchase 5 s , J * J , $ 6 0 .0 0 0 ...................................- P o p u la tio n In 1 8 9 0 w a s. . .. 1 0 ,9 5 8
P o p u la tio n in 1 8 8 0 w a s ..........3 ,9 7 5
5
s,.T
A
J,
2
5
,0
0
0
...................................
of #,>•".,fno .*f 4 per uent bond*. The loati will m ature in ten
s i m .i.r I m p b o v . B o n d s 1 8 9 2 — P o p u la tio n in 1 8 9 6 (e s t.> ...1 5 ,0 0 0
year# from date of butte.
5«, J A J , $25,0(30...................................
I N T E R E S T is p a y a b le b y t h e N in th N a tio n a l B a n k o f N ew Y o rk C ity
Wilke* B arre, P a .—Bond Election.—At the municipal
♦honed mi be held In Febiuaiy neat the electors of this city
O P T IO N A L .—T lie fu n d in g b o n d s o f 1 8 9 4 a r e s u b je c t t o c a ll 1
end* tl i- out «uon of inert a ttrg the city debt by a n y e a r s a f t e r d a te .
k i r t h 'o t h e siiMunt of $100,000. Should the e le c - . T A X E X E M P T .—A ll b o n d s a r e f r e e f r o m ta x a tio n .

N E W LOANS.

N E W
W E

Farson,

Leach & Co.
BONDS.

«O K I tM

A It V f . t - T M A I L E D O S
A P P L IC A T IO N .

r OHUI MPilMSKSfE $ O U C m $ ,
tU U M S O ,

s e w YORK,

U 5 B ra ri.n i «r.

a Wntl SI.

OF

CHICAGO,
4- i 4*4% and
AVI)

P u t! P a r t i c u l a r s „ „

5%

G ILT-EDGE SE C U R IT IE S

Rome W. & Ogden. 1st M. 5s, due 1022.
d i e , A West. I ndi ana 5s, due 1921.
Lehigh Ynllcy l>^s, due 1910.
Lehigh & N. Y. 1st Is, due 1945.
N. Y. & New E ngland 1st 7s, due 1905.
Long Dock (is, doe 1935.
N. Y. Lack. & West. 1st G?, due 1921.
M ihvnuM e X. S. & W ist. 5s, due 1929

« ii w v o a n ,
1-©fm I# m,, Itemixm,

ra BROADW AY, YEW YOUK.
W .

J.

Hayes

&

Sons,

I NV ES T ME NT S

B A N K ERS,

rort

D E A L E R S IN M U N I C I P A L B O N D S ,

New York Savings Banks

Street Kullvrny BonOn, runt o th e r blvb-gmilu inve*tiu«ut*.
MOSTOfS. St ASS.,
C le v e la n d , O h io ,
t KichanKo l*i»cd.
3 1 1 - 3 1 3 S u p e r i o r S t.

* t*r • ; ! •ru b rlth tc , .M aw ........... 4a
*

: .j;

*1 I ' I d c la n * . Ilh itt

4 t n : s 4**eriaU oa « f .

J*

o f thi-v,

E, H. ROLLINS & SONS,
1» >42).K STIiKKT.
. -

-

-

H A SS,

HiH: INVESTMENTS.
•* * » f o i l n j r r

City and County Bonds,
34 W * « « l - «

A c t i v e a n d S u c c e s s fu l A g e n ts ,n -i$ h i n y to rep «
r e s e n t t h i s ( J m n jm n y , m a y c o m m u n i c a te
w i t h th e JP r e s id e n t, a t th e H o m e , Office.
2 6 1 B ro a d w a y , N ew Y o rk,
OFFICERS*

STHKRT, - IMISTOS.

" • > • ' 1 .1 S t r r a t . 4*l«Mt*Uag. O.

‘
- ! U *1 '
!„
* »»I*#*-,. A t liie
J. P , W latringiism , 80 P in e Ht.. .V, y

A RTH U R C. P E R R Y ................................... ..C ashier
JOH N P. M UNIS.......... .
— . .M edical D irector
FINANCE COMMITTEE.*
9&S\rG;
........ ♦. Frost. Chem. N at. Bank
JO H N J . TtroKSB......................................... ...U uilU er

r i c £ is s A g e n t s
W a n te d
by a J C I H S T - C Z A S S COMP A N T .
L IB E R A L CO N TK A CTS
U N B X t:B L E E D F O L 1 L IE S .

1NCOBPORATBD

1SA8

Union Mutual
C R I P P L E C R E E K , COLO.,
!ht;
r ^ ir m in th e U, 8,. with
n carir Ton nnySng mlDva. prorlnalfia fl.Uf-O.oW nor Life InsuranceCompany,
month ; pop u Iat Sun of town. SS0.»X»0}t.f <iS tric t, 40,000,

P o r tla n d , M a in e ,
-v<:?5 ln nf infiMicy. T he t>ig proWts eoifte from UeAddress either:
veiupSitK roInt«« eicuszs and atlviuicD in vitimtH, I
jnvr tHDiDytilopetl claim, nearMhihiiitigmine*, $io,(.oo; KDSON D. SCOFI ULD. Supt.,54 W illiam St„N.Y.City
<mi
eontS fit fiiO,tOu. Fiv*,.*-aixt|jH o f stock in
ontpanr o v tm m ip acres choice wcaMon, IgO.OiiO; THORNTON CHASE,Supt.,84 Adams St„CMcago 1.1
horn! at I7n.ooo *1,000 b«y» lease, now worksn^, io-mrl of (listriet, with bond for eSnim a t $40,000.
HaU m rn tm t iii rlaim $LOOO; icon protrme* patent
unatielM one thlM in terest in nnuthcr; hut h fair loca-

A. Strassburger,

DIETZ, DENISON & PRIOR,
___

IN T H E C I T Y O F N E W Y O R K .
T his old and reliable Company now has th e exper­
ience of forty-six years o f practical L ife In su ran ce,
which has ta u g h t i t th a t th e sine qua non of su cc e ss
is th e adoption of pood plans o f insurance, unci th e
pursuit of a liberal policy tow ards both Sts Insured'
and its A gents. T hese essentials it possesses in an
em inent degree, b u t judiciously tem pered by th a t
conservatism which ia th e b e st possible aafesruard of
the policy-holder. Its c ontracts are incontestable
a fte r tw o years. The are non-forfeiting, providing
generally for either paid-up policy o r extended in­
surance, a t th e option of th e policy-holder. I t given
ten days of grace in paym ent o f all premiums. Its
course during the past forty-five years ahundam ly
dem onstrates its absolute security.

Cable AMretti "KENNETH."

n l l ),

p n e m , a t n »m B a l l a d i * » p ( .|lc a lio u .

* ' " ' T , , \*

The United dtates Life
Insurance Co.

C . H, WHIT E & C O „

A egU eiS tfara,

t nr «< n. i oj i , yt,,.. ....

1896.

Prior** and PurtiouJars Furalstind U pon A pplication'

K O I.Ik.

N. W. HARRIS & CO..
(j

M IS C E L L A N E O U S
1850.

O F F E R

Abo the following guaranteed Eailway S t o ck s.
N, Y. Lack. & Wt ste rn ,
l u l l e d Kail nay X. J .,
R ensselaer & S aratoga.
P itts. McKeesport & Youghiogheny.

MU N IC I PA L BONDS

K O L C iS lT

THE F O L L O W I N G

LO A N S.

(,n01,arlng’ hm

HOP- 1.11H

‘

OLD

B O O K S

,iUJ: 1W9-

ST O C K S

S ffiJ S ;

B O Y D S

Montgomery.

OHppleCroek Colo.

A . J . C r a w l o r d , 8 1 2 N. T t b H U B t .E o a u.ruV L

Sc

B R O K E U ,

SOBTUEUN IN VESTM ENT SBCUKITIBS.1

THE

A la .

W A IL S T R E E T J O U R N A L

Oivea valuable hr form ation dally on stoeka and bond e
45 a r e a r.
Dow, J o n e s & Co., U B road S t , N. Y