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 u p p l e m e n t ( moh% )
- S t r e e t R a i l w a y « S u p p l e m e n t (g ia n e ^
. J n v e s t o r a S u p p l e m e n t ( < )« < + )
V'
S ta te a n d C ity -S u p p le m e n t
[Enteredaccording to Aot o f Congress, in the year 1898, b y the W illiam B. P aha Company , In the office of the Librarian of Congress.]
YOL. 66.
SATURDAY, JANUARY 22. 1898.
% h e
Week ending January 15.
C h fo m d L e .
Clearing» at—
PUBLISHED WEEKLY.
Terms of Subscription—Payable in Advance :
For One Year...............................................................
0 00
For Six Months.................. ....................................... I " ” ™
P 6 00
European Subscription (including postage)............12
00
European Subscription Six Months (including postage)."” ."! 7 00
Annual Subscription in London (including postage). . . . **"" ¿£2 10s.
Six Mos.
do.
do.
do.
£ i 10s.
Above subscription includes—
T h e Q u o t a t io n S u p p l e m e n t
T h e I n v esto rs’ S u pplem ent
S t r e e t Ra i l w a y S u p p l e m e n t
S t a t e a n d Ci t y S u p p l e m e n t
-
Is s u e d M on th ly .
- “
Quarterly.
“
Quarterly.
- Semi-Annually.
All of which are furnished withouo extra chirge to every subscriber
o f the C o m m e r c ia l a n d F in a n c ia l C h r o n ic l e .
File oovers hoLding six months’ issues or special file covers for Sup
plements are sold at 50 oents each ; postage on the same is 18 oents.
116,990,221
+ 33 7
181,9c8.113
127,069,880-
San F rancisco........
Salt Lake C ity ......
P ortland..................
Los A n geles........ ..
T acom a..................
Seattle.....................
Spokane..................
F a r g o .................. .
Sioux F a lls ..........
Total P aoiflo......
17,114,48«
l,890.6e>l
1.878,26;
1,485,728
878,400
1.139.862
635,034
291,562
114.390
25,429,852
15,394,837
1,097,059
l.«S8,237
1,032,808
435.147
450,75b
503,508
130,597
54,269
20,732 520
+1P2
+72’3
+16 0
+43 9
+101-7
+J52 8
+24-0
+i&3 3
+110 8
+22 7
13.863,695
1.542.428
1.191.114
1,205,839
499,160
564,338
427,046
203 323
93 ov 8
19,589,4*6
13,029,968
1.209,178
1,04 5.914'
1,006,873
551,135
410.000
301,702 ;
182 512
60,121 !
17,868.203*
Kansas C ity...........
M inneapolis............
.Omaha...... ............
St. P a u l ............. .
en ver....................
+19-9 D
Davenport...............
St.
.............
+358 DesJoseph
M oines.............
+21 5 Sioux C ity...............
L in c o ln ...................
+33*7 W ichita...........
Topeka.....................
Frem ont................
+32-0 H astings........... .
T o t. oth er W est.
10.797,221
7,785 270
5,438 49«
4,369.034
2 443 377
54<J.06
1.761,829
1,072 537
731.552
405,5 i3
507,300
550,439
110,417
P0,73o
36,602,8j 1
10,760.603
5 912.800
3,985.613
2.897.694
2,555.488
478,609
1.295 474
1,006,513
468.637
362,250
279 310
4t813i
0O,i35
98 534
30,655,594
,+ 0 «
+31 7
-836 4
+ 50 8
11,864,800
6,794.016
4,339,179
4.494,256
3,810,708
1.300,* 00
1.635,000
1,072,963
608,544
426 093
418.69«
401,799
67.046
66 31C
36.709,033
10,554*700«
5,0-70!®®
s W7MYr
3,581,857
2,940,069
1,761,739»
1,185.472
649,800'
520.284
518,564
467,025
67,051
64,139
31,353,703
St. L ou is..................
New O rle a n s ........
L ouisville................
Galveston................
H ouston..................
Savannah................
R ic h m o n d ............
M em p h is...............
Atlanta....................
Nashville... ..........
Norfolk........ ...........
Waco+......................
Fort W o r t h .........
Augusta...................
B irm in g h a m .......,
K noxville................
L ittle R ock.............
Jacksonville...........
nhattanooga..........
M acon......................
T otal Southern.
30,876,752
14,950 902
0,340,850
3,392,250
3,635,219
3,483,674
2.678 790
3,35 4,
1,891.87«
1,3*9,928
954,618
28,135,625
13.116,662
6,833,835
2.961,900
3,206,907
3,068,614
2.685 324
2,083 604
1.«85.900
1,126,18
913,679
24,900,33*
11,018.041
7,365,9«6
2,950,033
2,998,124
8,387,672
2,507,0« 2
2,339,656
1.593.413
1,053,893
1,124,184
26,773,«50
11,499,1077.021,624'
3,377,380
3,i t 2,3*0 '
2 210,142
2.342,282 *
1,028,672
1.016,748
1.060,889
1,077,470
881,066
727,51«
471,39«
522,432
892.167
232 871
30o 000
698.000
77,164,960
966,419
765.71«
887,084
505,295
300,8«4
282 228
260.0«
641,000
69,822,083
828.409
719,86«
428.3*8
445 900
348,3«9
813 708
258,000
1.225,Ödo >
504,527
368,320
Week Ending January 28.
1897.
$512,424,226
79,026,988
54,410,589
12,251,312
Baltimore .............................
Chicago - ________ _________
St. Lonia ............ ..... ............
New Orleans.____________
82,918,978
25,964,528
11,693,148
9,751,770
Other cities, 5 d a y s ...........
$1,023,742,318
158,927,243
$753,843,866
130,764,282
Total aUcities, 5 days....
$1,182,669,561
218,017,416
$384,608,148
171,558,026
Total all cities for w e e k ..
$1,400,686,977
$1,056,106,174
Per Cent.
+34-9
+202
The full details o f clearings for the week covered by the
above statement will be given next Saturday. W e cannot,
Of course, furnish them to-day, bank clearings being made
up by t t e 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 oases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, January 15, and the results for the corres
ponding week in 1897, 1896 and 1895 are also given. Con
trasted with the preceding week, there is a decrease in the
aggregate exchanges o f about two-hundred and thirty-seven
million dollars, and at New York alone the loss is one-hun
dred and fifty-one millions. In comparison with the week
o f 1897 the total for the whole country shows an increase of
39-8 per cent. Compared with the week o f 1896 the current
returns record a gain o f 36 1 per cent, and the excess over
1895 is 49-5 per cent. Outside o f New York the excess over
1897 is 33-4 per cent. The increase over 1896 reaches 17*7 per
cen t, and making comparison with 1895 the gain is seen to
4>e 33*4 per oent
1890.
1
1895.
•
«
+60
590 908.93 t 513,861,063
+18
693*0.91
+28’
+27*' 1 15.248 5-'
15^458*84*
+9
4,730.27»
—3 1
2,060.19
+7 1
1,629,68
1,713,283
-5 \
1,< 80,55*
1,150,493
+12839,7t'
718,088
+ 15’
804.71S
+18
393,10(
303.609
+48
702,600,80? 619,133,007
92.299.496
+23
87*560,06?
6.2*1,301
+19
6,563.! 0*
2,7h0.44<
+34’i
2,Söo 59£
2.450 921
1,766,955
—57
1,7 64 63s
1.750,679
1,529,655
+1**3
1.52*.5: «
1.5(10,781
1,614,492
-tae
1,401.772
1.429,863
1.353,; 9l
4-4’J
1,339,061
1.3*4,434.
912,88.:
4-4 6
87c,40«
Ö41/192
661,004
+16 S
641.272
699,784
+5 4
640,023
583,35*
425,475
109,690.845
+20-5 105,125,278 104,834,392.74,898.378
+ 41 6
87 812,071
87.636,094*
12,005,00
+17 £
12 465,350
14 6907)50
6,859,453
+20 2
6 851.432
8,491,311 • + 2l'6
0.678,984
5.411,638'
4,874.65*
+11 0
5,010 4' 8
4,69^40 5i
3,711.30
+26’t
3,510,00.
3.21ó’fiÒÒ>
2,297.208
+17-1
2,424.588
l,307'«Ì8i
1.6 3,59
-t 13 7
1,997 719
1,942,937
1,498.352
+37’C
1,497 062
+39 9
928 7«1
9 v6,087
1,057,048
685,4! 8
-*264
710,702
3; 2,251.
+25 8
357.958
863122r
320,000
+ 9 ’4
370 ( 00
339,07.
4-9 7
3U 5-9
200.855
278,700
+ IP 7
25s 191
218,245
+<¿5*9
193,57b
243.89
3! 8.094.
+ 2 «’0
209.640
228.7 5C
191’S Ä
203,54:*
+ 9 ’6
183,671
+3« 2
141,927
175,460
160.700 <
580,707.15 1
62.939.75.
14,957.60
15 483,274 >
4,089.47, i
2,1 d^57(
lt696.89*
1,175.76
859 42'
7*7 944
339.0*1
635,078,8 i£
106,067.48«
14.138 55e
7 041.245
7,883 463
5,410,9, 2
4.700.0U0
2,eoo,b73
1,913.121
2,053,831
1,296,418
836 bOv
468.760
850,000
372,541
311 300
243,709
251 510
223,088
193,332
827 753
156,449,1*7
CLEARING HOUSE RETURNS.
New Y o r k .........____ ____
1 *098.
P . Cent
$
Chicago....................
Cincinnati...............
D etroit....................
Cleveland....... ...
Milwaukee..............
’ C olum bus...............
In d ia n a p olis..........
P eoria......................
T oled o......................
Grand R ap id s.......
D ayton.........
L e x in g to n ..............
Saginaw..................
Kalamazoo............
A k ron ......................
Bay C it y ...............
R o ck fo rd .................
Springfield, Ohio.. ■
Canton...................
Youngstown*..........
T ot. Mid. W est’r ,
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
33, have been $1,40.),686,977, against 11,444,373,337 last week
and $1,05^,166,174 the corresponding week of last year.
1898.
*897.
113.519.39i
6,351,80(
3,740,7; ì
1,078 02c
1,555,<’6(
1,H72.H'8
1,408,83 i
953,87t
761.53S
569,993
132.216.00C
Terms of Advertising.—(Per Inch Space.)
CLEARINGS.
1898.
*
New Yorx...-,
891,107,98
Philadelphia.
74.84l.6H
Pittsburg......
19,19ó,àl<
B altim ore....
19,757,57,
B uffalo....................
4,466,10
W ashington..........
2,071 20
Rochester..............
1,708,00
Syracuse................
1,110,56«
S cra n to n ..............
963,03,
837,40e
W ilm ington..........
402, KH
B in gh am ton .. . . . .
T otal M id d le .... 1,016,520,441
o s t o n ..... .............
roviden ce.............
H a rtfo rd ... ............
New H aven.............
Springfield..............
W orcester...............
P ortland..................
Fall R iv er..............
L o w e ll.....................
New B edford..........
T otal New E ng...
Transient matter................ $3 50 |Three Months (13 times)..S25 00
STANDING BUSINESS card s .
Six Months
(26 “
). 43 00
Two Months
(8 times).. 18 00 |Twelve Months (52 “
58 00
L o n d o n A g e n ts:
Messrs. E d w a r d s & S m it h , 1 Drapers’ Gardens, E . C ., will take sub
scriptions and advertisements, and supply single copies o f the paper
a t Is. each.
W I L L I A M R . D A M C O M P A N Y , P u b lis h e r s ,
P in e S tre e t, C o r n e r o f P e a r l S tre e t,
P o s t O f f i c e B o x 958.
NEW YO R K .
Returns by 'telegraph.
NO. 1700.“
=
P
T otal a ll.............
Outside N. York
M ontreal..............
T o r o n t o . .............
H alifax. ................
W innipeg...........
H a m ilto n ....,.......
‘S t.J o h n ...., .........
T otal Canada.
4c
+13 8
+43«
+6 6
+56-1
+14 6
+819
+17-5
+ o3 6
—7 y
+19 8
+9-7
+ 14 0
—7-2
+11-5
+14*9
+136
+3 0
+01Ü
+ 18 0
+4 0|
-8 -8
—5-0
+ 21 8
+ 3 ’4
+34*6
-1 7 6
+20-C
+8-8
+ 10 5
319,753 492,856
• 210,090*
65,100,253
04,690.728.-'
l ,444.373,237 1,032.870.139
553,205,956 452,112,986
+39+ L.061.132.481
905,786.97**
+82-4
470,223,3*7
451,924,911*:
16,095,498
8,744.154
1,128,312
1 644.821
667,569
067,789
,
28.922.H43
+57 1
+28 "s
—40
+25-4
-4 +
+31-5
+39*4
19,953 40«
0,052.8-<3
1,190 33>
1,153.9«
737,80*
12.005,558*
8.263,225.
l.( 86,661
1,005 862.
643.003
20,688.41*
21.004,810»
* Not included in totals,
10,239,977
6.821.456
1.170,032
1.311,008
690,442
507,847
80 740.82«
t Publication discontinued for the present.
154
THE (JHRONLCLE.
\ o i» l x v i :
why is not that the end of the international idea ?
And yet in face of that assertion the Senator says:
THE F IN A N CI A L SITUA T I ON.
“ It is my sincere conviction that an international bi
In the lack of more important occurrences the metallic agreement is still feasible, by the terms of which
doings of Congress have attracted a good share of certain countries will join us and open their mints to
attention this week.
A certain class among the the unlimited coinage of silver, and others will con
members of the Senate and another class among those of tribute to the plan an enlarged use of that metal as
the House have, unwittingly or with prepense, done money.”
Surely the foregoing suggestion refers to something
their utmost to arrest businéss development, though
fortunately they have made very little impression, very different from the idea in the mind of writers dur
only a momentary one, in financial circles. It looked ing the last quarter of a century when discussing inter
like a contrived combination, that contemporaneously national bimetallism. If any one doubts that assertion,
a dispute over the Cuban belligerency question should all he need do to correct the impression is to study
be stirred up in the House and the old many-times- the books of the leading advocates of. that system;
defeated issue of the payment of bonds with silver be he will thereby be convinced that opening the mints of
resurrected in the Senate.
The silver proposal the commercial world to the free coinage of silver is the
obviously would receive no countenance in the House, definition that term bears. Whenever the names of
but the reception the suggestion in behalf of Cuba the nations to be included in that arrangement
would obtain there was more doubtful, and hence the have been mentioned in such a book, Great
two-headed character of the movement.
However Britain has always been named and no one
that may be, designed or not designed, the action of of the important States has been omitted from
Senator
W olcott, we fear,
is in
Speaker Reed and his party was so quick and the list.
emphatic that raising the Cuban issue in the House danger of falling into the “ go it alone” kind of bi
metallism. He not only excepts the mints of E ng
proved a reassuring event rather than disturbing.
But why has not the Teller Resolution in the Senate, land from the compact, but clearly states that he has
adopted as it has been by a majority of the Finance in mind other important omissions. Can it be that
Committee and made the regular order of business, the Senator would call such a compact as his words
given rise to uneasiness? Instead of uneasiness, this suggest “ international bimetallism?” Can he think
revival of the silver agitation has hardly caused a rip the term bears that meaning used either in the sense
ple on the surface of Wall Street affairs; even more given it by the great body of writers on the subject,
than that, its reception in business circles has been or in accord with a legal construction of the act under
with evident indifference, if not with satisfaction. We which he and his fellow commissioners were appointed,
think we reflect the whole character of conservative or in the sense in which the Republican platform he
opinion throughout the country when we say that the refers to has been generally understood ?
The condition of the cotton-spinning industry in the
business public does not want this question suppressed.
It proposes to join hands with Mr. Teller in keeping North is certainly disappointing. No other large oc
the issue uppermost until it is definitely settled in the cupation is so unfavorably situated. The general idea
United States. The intention is to make the discus is that Southern competition, added to too many legis
sion so warm and engrossing that every man in and lative regulations and restrictions in the North, is
out of Congress will find it necessary to have a pro the cause. Some writers take a very unfavorable view
nounced opinion about paying Government bonds and of the future prospects of this department of
individual debts in a whole dollar or in a half a dollar. manufacture in the New England States; they
It is rather ominous for Mr. Teller’s side that he se see nothing but a gradual decay and final ex
lected as his issue the Matthews Resolution of 1878. tinction in prospect. This is a gruesome fore
He and Senator Vest had better study the election cast. The facts do not support it. No doubt the
which followed the 1878 vote in Congress if they South at the moment has an advantage in the nearness
desire to have a sure forecast of the effect of a favor of the raw material, in the lower price of labor, in the
able vote by Congress on the same proposition in 1898. more favorable climate, in smaller taxes, and fewer
But we need not develop that idea here as we have legislative restrictions. But even now labor, which is
the most important item, is less efficient and less
referred to it more at length in a subsequent article.;
We are surprised that Senator Wolcott’s ideas should steady, that is, less capable of continuous occupation—
In pro
be so confused as to permit him to imagine disadvantages incident to a warmer climate.
that the adoption of a system of currency cess of time, too, and with the increase of factories in
based on the world’s currency, which at pres the South, wages will be adjusted, and because of the
ent is gold, will interfere with the United States climatic influences perhaps adjusted so as more likely
.accepting real international bimetallism should the to favor the North than the South. , Remove that
world adopt bimetallism. .. Senator Wolcott seems to difference and let legislation in Eastern States show
have gotten astray also on the general subject of in the same fay or shown in the South towards the mills,
ternational bimetallism. In his speech this week he and the other conditions will not prove insuperable
has given a meaning to such an alliance very different obstacles to the prosperity of the industry in both
European cotton manufacturers, though
from that it has enjoyed during the discussions in past sections.
further
than
the North from thè raw material, are
years since 1873, in which we took an active part. Ge
able
to
hold
their
trade and find profit in it—not only
tells us that an agreement of that kind does not in
supplying
in
good
part the home demand, but more
clude the opening ; of ; Great Britain’ s mints. His
distant
trade
as
well.
In the United States, even as
•words are that “ England finally and explicitly refuses
affairs
now
stand,
if
we
get our currency regulated
to open English mints to silver, or to alter her existing
and
a
term
of
full
prosperity
under -way again, the
gold standard.” If England has “ finally and explic
itly ” refused “ to open her mints to silver,” and re demand for cotton goods will be sufficiently enlarged
fused similarly “ to alter her existing gold standard/ to consume current product North and South.
jANtTAfiY 03, ld88,]
THE CHRONICLE.
An interesting event this week has been the an
nouncement that the Mobile & Ohio will celebrate the
50th anniversary of its incorporation on February 28th
by the payment of a dividend of one per cent upon its
capital stock. The announcement comes somewhat
as a surprise, as a dividend at this time was hardly
looked for. It will be remembered that a few years
ago the subject of making a dividend was agitated by
some of the stockholders, but the management resisted
the effort, thinking it better that the yearly surplus
should be devoted to paying off the floating debt
and retiring the old car trusts; and the money
has been thus used every year since then. The com
pany now has no floating debt, and on June 30 last
only $147,823 of the old car trusts still remained out
standing. The stock of the company is small, and
the one per cent dividend will call for only $53,206;
in addition, in conformity with the requirements of
the debenture deed of trust, a like amount will be
paid to the credit of the sinking fund, making the
total payment required $106,412. The company has
favored us with a statement of its income for the six
months ending December 31, from which it appears
that there was a surplus for the half-year, above ex
penses, taxes and fixed charges, of $297,192, this be
ing $54,465 oetter than for the corresponding six
months in the previous year. The yellow fever proved
quite a drawback for a time, but despite that fact
gross earnings were $2,134,949 for the six months of
1897 against only $1,990,526 for the same six months of
1896, and net earnings were $817,540 against $764,110. While thn six months in question form the best
half of the company’s fiscal year, it is expected that
earnings for the current six months will also show
substantial increases over the previous year. The
company is now engaged in building an extension or
branch to Montgomery, Ala., and when that is com
pleted both its revenues and its charges will be on an
enlarged scale. The management, under Mr. William
Butler Duncan, has always commanded great confi
dence, and the future of the property will he watched
with much interest.
Returns of railway earnings still continue a very
encouraging feature in the situation. We present
t o-day our compilation of gross and net results for
November, and the gains are very noteworthy, excel
ling in amount all the best previous records. In
the gross the improvement has been 11£ million
dollars or over 17 per cent, and in the net nearly 6
million dollars or over 26 per cent. For the current
weeks of January the returns of gross are equally
good.
Our final compilation for the first week of the
month, covering 80 roads, records over a million dollars
improvement, or over 18 per cent. For the second
week of January a preliminary statement, which we
publish to-day on a subsequent page, and which
covers 66 roads, indicates 16 per cent gain. These
increases, too, mean more than similar percentages of
gain a few months ago. Then a few large roads con
tributed a good portion of the whole addition. Now
the increases are general, extending practically to the
entire body of roads. Thus, out of the 80 roads
which have reported for the first week only 6 had
losses, and out of the 66 roads which have reported
for the second week only 7 have fallen behind.
The complete success of the offering this week of
15,000,000 of Illinois Central bonds is remarkable as
showing not only the high credit enjoyed by that com
pany but also further as demonstrating the power and
155
disposition in this country to absorb all good Ameri
can securities offered on this market. We are credi
bly informed that the subscriptions were considera
bly in excess of the offering, and came from every part
of the country, Louisville and St. Louis and points on
the line of the road being conspicuous as subscribers.
The foreign subscriptions were only about $2,000,000.
The price at which the bonds were placed yields an
income of 3 11-16 per cent as against 3*45 per cent
in the Chicago & North Western case and about 3 7-16
per cent in the case of the Lake Shore and New York
Central offerings.
Last week’s bank statement showed that the average
loans were $610,992,600, the highest on record, exceed
ing by $386,300 the maximum last year, which was
recorded on December 24. The deposits at $691,612,900 were also the highest ever recorded. The surplus
reserve was increased $3,704,200, thus standing at
$25,968,775. One important feature affecting bank
conditions is the fact that there is about $32,000,000
of Government money distributed among a few of the
banks, the City National holding by far the largest
amount, and, indeed, nearly the whole of the sum.
This Government money has accumulated from time
to time since the first payment was made on account
of the Union Pacific Railroad. It was first placed in
the banks for the purpose of avoiding disturbance to
the money market in connection with the Union Pa
cific settlements, and while these were pending and
until they were completed the money served a
useful purpose. If there were any assurance now
that the Government deposits would indefinitely
remain in the banks or that they would not
be withdrawn before a certain fixed period, the
money could doubtless be more profitably em
ployed.
But there is no such assurance, and,
moreover, the Treasury officials are represented
as undecided as to how long the whole or any
part of the money will be permitted to remain in
the custody of the banks. It is said, however, that
there are some indications that about one-quarter o f
the amount may soon be withdrawn by the Treasury.
While this money remains in the banks the uncertainty
regarding its withdrawal makes it necessary to employ
it largely on call loans. This pressure on that branch
of the market, together with the return movement o f
money from the interior, which continues large, and
the accumulations resulting from the ending of the
January settlements, altogether have caused an easier
tone this week. Were the Government deposits en
tirely withdrawn, restoring normal bank conditions, it
is thought probable that loans for fixed periods would
be more freely made, thereby reducing the volume o f
money offering on call loans, and possibly resulting in
steadier rates for such loans.
Money on call, representing bankers’ balances, has
loaned on the Stock Exchange this week at 2£ and at
per cent, the highest rate being recorded on Mon
day. Thereafter the tendency was distinctly toward
ease, and on Wednesday, Thursday and Friday thera
were liberal offerings at 1£@2 per cent each day, and
the rate fell to 1£ in the afternoon of these days.
The average for the week was about 2 per cent.
Banks and trust companies quote 2| per cent as tha
minimum. Time money is freely offered by broker»
representing some interior banks, uptown institutions
and the trust companies, but the demand is only
moderate. Rates are quoted at 2£ per cent for sixty
days, 3 per cent for ninety days to six months and
156
THE CHRONICLE,
“3^ per cent for longer periods on good Stock
Exchange collateral.
Loans on exchange collateral
are at 2§- per cent for sixty to ninety days.
There is a good supply of commercial paper and
ithe offerings are increasing, particularly from the
«dry goods district. Brokers say that the banks ab
sorbed such large amounts of paper during January
that they now have comparatively full lines and are
therefore disposed to insist upon better rates for fu
ture purchases. A gradual hardening of rates is
looked for within the next thirty days. One feature
-of the market is some buying of paper by Chicago
banks, which, finding a light local inquiry for their
money, are invading the New Y ork market. While
some of the down-town banks are not in the market
there is a good demand for paper from up-town insti
tutions, many of which have not been buyers for some
time. , Rates for paper are 3 per cent for sixty to
ninety day endorsed bills receivable, 3£@4 per cent
for prime and 4@5 per cent for good four to six months*
: single names. Some banks report choice single name
paper selling at 3 per cent for four months and 34 per
■cent for six months.
The feature in the European political situation this
week has been some little friction arising out of the
hitch in the negotiations with England for the new
Chinese loan and the conditions attached to the ar
rangement for the loan. The hitch in the negotia-tiations was evidently annoying to the British Minis
try, judging from the strong reaffirmation of the
English policy in the Far East made in speeches early
in the week by Sir Michael Hicks Beach and Mr.
-Joseph Chamberlain. The situation does not seem to
have affected the London market.
There has
heen an anti-Jewish demonstration in France
during the week, growing out of the Dreyfus af
fair.
The rioting began in Paris on Monday
;and it extended throughout the principal cities in the
interior. It was reported on Wednesday that the
“shortage of the harvest in Austro-Hungary, compelling
The purchase of £20,000,000 worth of food supplies,
m ay cause the postponement of the measures for the
reformation of the currency of the Empire. The
Bank o f England minimum rate of discount remains
unchanged at 3 per cent. The cable reports discounts
o f sixty to ninety day bank bills in London 2£ per
«cent. The open market rate at Paris is 2 per cent, at
Berlin it is 3^ per cent and at Frankfort it is 3£ per
cent. The Bank of Germany reduced its official rate
from 5 to 4 per cent. According to our special cable
from London the Bank of England gained £728,918
Ibullion during the week and held £32,116,186 at the
«close of the week. Our correspondent further adwises us that the gain was due to receipts of £819,000
met from the interior of Great Britain and to the ex
port of £90,000 to the Argentine Republic.
The foreign exchange market has been devoid of
special feature during the week.
Conditions are ab
normal, influenced largely by the recent and current
.absorption of commercial bills and of long sterling for
investment. Some of the running-off bills have been
¡sold, thus contributing to an easier tone for short
sterling. At the same time many of these runningoff bills have been exchanged for new long bills, thus
renewing the investment operation, and imparting a
comparatively firm tone to the market for sixty day
: bills. The easier discount rate in London has tended
. somewhat to restrict purchases of long ster
ling for an entirely new investment account,
fVOL. LX VS,
but it is claimed thaifr if such purchases cam
be made below 4 82|, and if money can be*
borrowed upon the bills a t 2-J per ceivt for sixty days
there will be a fair profit in the transaction. Com
mercial drafts are coming forward qmte freely and:
deliveries on contracts of cotton and grain bills are;
prompt. The demand for remittance is not at all urgent,,
and the tendency of the market is downward, though!
bankers do not look for any material change in rates,,
at least before the end of the month. There has been
an import of $750,000 French gold this week in transit
for Cuba.
Nominal rates for exchange have remained unal
tered during the week at 4 83- to 4 83^ for' sixty day
and 4 85-| to 4 86 for sight. Rates for actual business
in short sterling and cable transfers were reduced on
Monday half a cent for the former, compared with
those at the close on Friday of last week, to 4 84|@
4 84f, and one-quarter of a cent for thei latter, to
4 85@4 85£. No change was made in rates for long
sterling. The rates for actual business remained un
altered thereafter. The tone was reported dull and
easy from day to day until Thursday with very slight
fractional changes for counter business. Though the
market was a shade firmer on Thursday it was chiefly
so for long sterling, which was influenced by the
easier discount market in London,, which in turn
was affected by the reduction in the rate of discount
by the Imperial Bank of Germany.. Grain payment
bills are quoted at 4 82jr@4 82^.
Cotton- bills for
acceptance are 4 82^@4 82-£ and cotton bills for pay
ment 4 81f@ 4 82. The following shows daily posted
rates for exchange by some of the leading drawers.
DAILY POSTED BATES FOR FOREIGN EXCHANGE.
FBI.
M o n ..
T u b s ..
83
86*6
83«
86
83«
86
83«
86
83«
86
83«
86
83«
86«
S3
86
83
85«
83«
86
83«
86
83«
86
83«
86
83«
85«
83«
86
83«
86
83
85«
83«
86
83«
86
83«
86
83«
86
83«
85«
83«
86
83«
86
W 3L .,
T httr..
F r i .,
S3
85«
83«
86
83«
86
83«
86
83«
86
83«
85«
83«
86
83«
86
83
85«
83«
86
88«
86
83«
86
83«
86
83«
86«
83«
86
83«
86
63
86«
83«
86
S3«
86
83«
86
83«
86
63«
85
88«
86
83«
86
Jan 14. Jan. 17. Jan. 18. Jan.19. Jan. 20; Jan. 21»
(60 days.
Brown Bros........ \
Sight...
{6 0 days
l Sight...
160 days
<Sight...
i 60 days
1 Sight...
(60 days
1 Sight...
j 60 days
i Sight...
5 60 days
Lazard Freres.. ( Sight...
Merchants’ Bk. ( 60 days
o f Canada.. •• 1 Sight
Baring,
Magoun & Co..
Bank British
No. Am erica..
Bank o f
M ontreal........
Canadian Bank
o f Commerce..
Ueideibach, Ickelheim er & Co
The market closed dull and steady on Friday, with
nominal rates 4 83@4 83£ for sixty day and 4 85|@
4 86 for sight. Rates for actual business were 4 82£@
4 82f for long, 4 84£@4 84f for short and 4 85 @
4 85^ for cable transfers. Prime commercial 4 8 1f@
4 82 and documentary 4 81-g-@4 82. Grain bills for
payment 4 82|@4 82£. Cotton bills for payment 4 81f
@ 4 82 and cotton bills for acceptance 4 82£@4 82-^-.
The following statement gives the week’s movements
ot money to and from the interior by the New Y ork
banks.
Week Ending January 21,1888.
Received by Shipped by
V, y. Banks. N. y. Banks.
Net Interior
Movement.
C urrency_____________ ________ ____
» o l d .........................................................
$6,263,000
638,000
$1,183,000 Galn.$5,080,000
9,000
§29,000 Gain.
T otal gold and le g a l te n d e rs . . . .
$6,801,000
$1,712,000 Gain.$5,089,000
Result with Sub-Treasury operations, etc.
Wee'i Ending January 21, 1898.
Banks’ interior m ovem ent,as above
Sab-T reasury operations...................
T otal gold and legal tenders.
Into
Banks.
$6,801,000
18,500,000
Out of
Banks.
Net Change in
Bank Holdings.
$1,712,000 Gain.* 6,089,000
16,000,000 Gain. 2,600,000
$25,301,000 $17,712,000 Gain $7,589,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
THE CHRONICLE
J ANU A ft Y 22. 18t 8. J
157
This resolutioñ is a lineal successor to the proposi
tion advanced in one political platform during 1868,
£
£
£
£
£
and at the time sustained by many public leaders:
£
32,116,186 33,411,493
36 411,498
litiRland........ 82,116,186
77.C79.U2 48,295,057 125,374.199 76,296,916 49,137,106 125,434,021 the proposition to pay the public debt, wherever pos
F rance........
G erm any...... 29,139,000 15.011,000 44,160,000 29,209,050 15.047,000 44,256,050 sible, in greenbacks.
Most of the Government bonds
Aust.-Hun'ii’y 86,451,000 12,866,000 48,817,000 30,831,000 12,614,000 42,945,000
9,131,000 10,320,000 19,751,000 8,628.100 10,210 000 18,758,000 even then stipulated on their face redemption in coin;
■'Spain.............
N etherlands. 2,629,000 6,800,000 9,429,000 2,634,000 6,823.000 9,457,000
2,804,000 1,402,000 4,206,000 2,742.667 1,371,333 4,114,000 but it so happened that a part of the Government’s
Nat.BelKinm.
When those
Tot.this week 189,649,328 94,194,057 293,843,385 186,153,131 95,218,438 231,375,589 obligations had omitted this stipulation.
T o t . prev.w’k 190.016,279 94.853,362 284.369,641 l s3,537,209 93.616.487 277,183,696 bonds were originally sold, the Treasury had accepted
legal-tender notes in payment of subscriptions; one
SENATOR TELLER’S BOND RESOLUTION. purpose of the loan being in fact to redeem this float
We cannot say that we regret the introduction in ing debt in order to prevent further and large expan
the Senate, last Tuesday, of the resolution reviving sion of the note issues for war expenses.
It was con
the old Stanley Matthews declaration of 1878, whereby tended in 1868 that since notes had been paid in sub
the bonds of the United States were pronounced, in scription for the bonds, notes ought equally to be paid
the judgment of Congress, to he redeemable in silver. in redemption, and many a flighty reasoner was
The Washington correspondents quote the free-coinage caught by the seeming reasonableness of the plan.
leaders as expressing confidence in a victory for this
But the thorough ventilation of the project, dur
resolution in the Senate, when it comes to a vote next ing a presidential canvass, clearly defined that any
week. Whether they are right or not, by all means attempt to get the better of a creditor by a piece of
let us ascertain the facts.
unexpected sharp practice will react with certainty
Senator Vest, who introduced the resolution, is and severity on the debtor, whether that debtor be an
quoted in the dispatches as announcing that he pro individual or a State. The American voter firmly
poses to “ shell the w oods/’ a metaphor whose purport grasped this underlying principle, and the repudia
Will be readily understood by any one familiar with the tion platform was voted down by one of the largest
habits of military skulkers and deserters. So far as popular majorities in our history.
his resolution will accomplish this purpose, we are at • The Matthews Resolution, proposed in January 1878,
one with Mr. Vest. On the question of the money was a similarly sharp construction of the nature of the
standard and the public credit the lines are fairly contract stated on th e public obligations.1 The bonds
drawn, at Washington and elsewhere. We know, as outstanding were expressly payable in “ coin.” The
we did not know in 1894, or in 1892, or in 1886— or, choice of this word, by way of distinction from “ notes”
for that matter, in the Matthews Resolution debate of or “ paper,” was extremely unfortunate in its-results.
1878— where we stand and on whom we have to count. It has been a prolific source of evil in all our subse
But even now there are Congressmen numbered in the quent financial legislation. Yet, when the word was
"ranks, on one side or the other, whose self-chosen po originally inserted, no such results could possibly
sition would undoubtedly be behind some convenient have been foreseen. The salient faét in 1878 was
tree trunk. As regards this contingent, we wish Mr. that redemption of the public debt in “ coin ” had
Vest all possible success with his artillery.
been promised when no silver dollars were in circula
We do not suppose that either Senator Teller, the tion, and when, if they had been circulating, their
author of the resolution, or Senaior Vest, who has in value on the bullion market and in the market for in
troduced it, anticipates any genuine results in legis ternational exchange would have been greater than the
lation. To become a law, it must pass both houses value of the gold dollar; A series of unforeseen events
and receive the signature of the President. We are since 1870 had so far altered the situation, through a
not by any means sure that such a measure can pass decline of 15 to 20 cents per ounce in silver bullion; that
the Senate, though the vote placing it on the calendar it was possible for the public debtor to try a bit of sharp
Was very heavy, and we are very sure that it cannot pass practice and demiand an advantage never imagined or
the House, and that if it could, it would go no fur contemplated in his original contract. Congress yielded
ther. The Matthews Resolution passed both houses to the temptation; the President did not; and the res
in 1878, but, as we shall presently point out, condi olution of January, 1878, that payment of all bonds
tions were very different then from what they are of the United States, “ issued or authorized to be
to-day. Moreover, even in 1878 the resolution was issued,” in the silver dollar not yet authorized or
consigned to oblivion as soon as it received the sober coined, was “ not in violation of the public faith nor
consideration of the President.
in derogation of the rights of the public creditor,’ ^
Since there is no reason to expect the enactment b f ' died, as it deserved to die. It is perfectly safe to say
this measure into law, discussion may perhaps'be that half the Congressmen who voted for the measure
thought superfluous. But in our judgment the prep were ashamed of their action, and would gladly, a year
osition involves so many principles vital to our public afterward, have expunged their vote from the public
financiering— principles which will certainly come up record.
'V "
again in a different form —that the nature of debate;
IS there anything in the situation now Which Would
and vote on the Teller Resolution, even though noth make a decision of this kind more hon'Otahle and
ing can come of it, is of very great importance. There reasonable than it was in 1878 ? On the' contrary, the
is, moreover, a certain distinct advantage in having action would he a hundred times more disgraceful and
these questions presented in precisely this form, where inexcusable than it was twenty years ago. In 1878
they need not be obscured and entangled by discus the market value of silver had depreciated 15 cents
sion of the price of wheat, the condition of Kansas and since the passage of the Funding act / in 1898 it
Colorado, and the statutes’ of 1875. The hare and sim stands 31 cents lower still. But this is not all. Of
ple issue presented by the resolution is the question the $847,365,000 bonds of the United States outstand
o f the United States G-overnment’s good faith and ing at the close of 1897, there is not one 'which does
credit.
not represent payment in gold by subscribers to
January 20, 1898.
Sank of
Gold.
Silver.
Total.
January 21,1897.
Gold.
Silver.
lotal.
158
THE CHRONICLE.
the Treasury.
Some of this gold was paid
when there was a New York premium on the
preôiotfs métal; at least $116,000,000 of it, represent
ing subscriptions to the two loans of 1894, was paid
for bonds marketed at the highest rate at which such
issues were ever placed in the history of our Govern
ment. In the face of such a situation, what becomes
o f the argument that we have a “ moral right ” to
pay interest and principal in silver ? It is as frank
and brutal a plan of repudiation as was the proposi
tion of 1868 to payoff the public funded debt in notes.
As we have already said, we have no fear that such
an outrageous and dishonest move will be made by the
Government of the United States. The people who
insisted on the redemption, in gold, of nearly two bil
ion dollars public debt within the compass of twentythree years, and who applauded every administration
which reduced this debt, are not likely to grow enthus
iastic over a plan worthy of a shyster banker, where
by a little sharp practice may cheat the public
creditor out of a portion of his due. For this very
reason we are not sorry that the question has come up.
In the recent past we have had altogether too much
bending of the neck under the tirades of Congressional
agitators, without a plain, eloquent and courageous an
swer from the professed champions of law and order and
the public faith. It is time now for some such answer.
I f the people, East and West, are weary of anything
at Washington, it is the feeble, nerveless fumbling
with vital public questions which has character izd
half the financial debates in Congress during the
decade.
THE LEH IG H V A L L E Y R E P OBI.
In reviewing the annual report of the Lehigh Valley
Railroad Company a year ago, we directed attention to
the evidences of changed methods in the arrangement
and presentation of the accounts of the property, the
intention evidently being to give clearer and fuller in
formation concerning the company’s operations and
finances. Since then the executive head of the enter
prise has been changed (Mr. E. P. Wilbur, the former
President, having resigned and given way to Mr.
Alfred Walter), and in the present report the policy of
the reconstruction and revision of the accounts has
been carried still further— all in the direction of in
creased conservatism.
In the first place there has been a re-appraisement
of the value of the equipment, leading to the charging
off to profit and loss of $5,347,794 for depreciation in
the value of such equipment. However this deprecia
tion may be explained, and whatever its bearing
upon past statements of earnings, the satisfactory
feature is, an impairment having been found
it has now been adjusted on the books. The
language of the report with regard to the matter
is : “ The basis of the appraisement of your equip
ment is the valuation at which it was taken by
the Philadelphia & Reading Railroad Company at
the time the lease of your property was made to that
company. Deducting the usual percentages for an
nual depreciation since that time, together with the
value of the equipment destroyed and condemned in
the interval, it was found that the book valqe of coal,
freight and service cars had been impaired to the ex
tent of $5,866,182 38. On the same basis the value
of your engines and passenger cars was found to
exceed the book, value by $518,387 92. The differ
[V oi* L XV I.
ence between these two amounts has been written off
to profit and loss, the Lehigh Valley Railroad equip
ment account being reduced $5,058,827 98 and credit
given to an account ‘ Depreciation of Equipment of
Controlled Companies ’ for $288,966 48.”
In the case of the Lehigh Valley Coal Company,
the amount standing charged to colliery improve
ments on the Coal Company’s books was reduced
$1,500,000, the credit balance to profit and loss being
correspondingly reduced. The cost of all improve
ments made to the collieries during the year, the re
port states, was charged to operating expenses, and
included in the cost of mining coal. It is evident
the management also contemplates provision to cover
ultimate exhaustion of the mines, the report saying .
“ It will be necessary to-fix a sum per ton, to be
charged against the coal mined in each year from the
properties on which these improvements were made,
so that when the coal is exhausted nothing will re
main charged against the improvements on such prop
erty.” We see too, that $158,936 has been charged
to profit and loss for correction of the inventory value
of the stock of coal as it was repDrted the previous
year.
Another departure has been made. The interest on
the Lehigh Valley Coal Company bonds guaranteed by
the Lehigh Valley Railroad is now charged direetly
against the income of the railroad. Last year it was
charged against profit and loss. The departure is cer
tainly to be commended. The amount for 1896-7 is
$710,204 ; for 1895-6 it was $590,650. Besides this the
balance sheet all through shows evidences of revision
and re-classification. Interest and rentals accrued but
not due are now entered, and liabilities in floating form
are classified as “ current,” “ deferred ” and ie con
tingent,” making their character clearly discernible.
The balance sheet of the Lehigh Valley Coal Company
has been in a similar manner revised and improved.
Detailed statements are also furnished showing the
securities owned by the company, both those covered
by the collateral trust deed and those not pledged.
The income account for the year makes, all things
considered, a satisfactory exhibit. After allowing, for
the interest on the Lehigh Valley Coal Company bonds
and all other charges, a surplus balance is shown on
the operations of the twelve months of $102,663.. This
was the result in the face of the depression in the an
thracite coal trade. Evidences of this depression are
found on all sides. In the first place shipments of
anthracite over the railroad were very much less
than in the year preceding.
In the second
place the collieries in which the company is
interested directly and indirectly produced 713,748
tons less than in 1896 and 1,099,607 tons less
than in 1895. In the third place the Lehigh Valley
Coal Company shows a loss on its coal sales for the
year of $106,771. The general freight also fell off,
but here fortunately the loss was entirely in the
local traffic, and the railroad was able to en
large the volume of its general and miscellaneous
freight on through shipments; and thus it hap
pened that the possession of a through line to Buffalo
proved in this case an advantage. The report
says that the abundant crops in the Western States
and the large demand of other countries for American
breadstuffs caused a movement over the whole length
of the main line, from which the company derived a
liberal revenue during the last three months of the
fiscal year.
JANUARY 22, 1898.]
THE
CHRONICLE.
159
Expenses were reduced during the twelve months
OUR N O TEW O RTH Y FO R E IG N TRADE
#297,564, hut it is noteworthy that the saving was
FIGURES.
effected in the cost of conducting transportation,
The December trade statement is in keeping with
which was #582,641 less than in the previous year.
The saving extends to ten of the eighteen items the returns for the months preceding, and serves to
grouped under the head mentioned. The reader need emphasiae anew the remarkable character of our for
not be told that it is under this head that results of eign commerce during the late calendar year. The
true economy in management are reflected. Eor total of the merchandise exports for that month is
maintenance of equipment the company charged found to have been, roughly, 124£ million dollars
#392,177 more than in 1895-6. We say charged, be ($124,474,435), a figure considerably in excess of that
cause the whole amount allowed for has not actually reached in any previous month in the country’s his
been expended. During the year nearly three thousand tory, surpassing by 7-J million dollars even the total
cars were destroyed and condemned. The estimated cost for the corresponding month in 1896, which then
to replace this equipment is #635,321, and accordingly broke all previous records. Not less striking is the
that amount was included in expenses during the year. magnitude of the credit balance on the merchandise
A t the same time a Reserve Account was opened, movement for this same month. With exports of
to the credit of which the foregoing amount has been $124,474,435, imports were only $51,514,733, leaving
placed. This credit will be diminished from time to an excess on the side of the exports in the sum of
time by charging the account with the cost of ears $73,959,702.
We shall refer presently to the conditions and cir
and locomotives bought or rebuilt to replace those
destroyed. Besides this, all improvements to the cumstances that have made possible these large ex
railroad property other than distinctly new construc ports and this exceptional trade balance, but wish
tion of subsidiary lines were charged to operating ex first to direct attention to a feature connected with
the trade returns which is even more noteworthy than
penses.
Perhaps it may not be known to the reader that the the facts cited concerning the magnitude of the out
Lehigh Valley is obliged to move traffic at very low ward movement of goods and merchandise. ¡ We have
average rates, making careful, economical management in mind the course of the gold current., It would be
a prime requisite. For the same reason accurate natural to look for a large influx of the metal as a re
methods of book-keeping, which shall indicate correctly sult of the phenomenal trade balance noted. As a
the results of operations, are necessary to ensure con matter of fact, the United States received very little
fidence in the value and earning capacity of the prop gold from abroad, either gross or net,, ¿luring the
erty. On its general freight the company realized an month. Every one will recall the course of our foreign
average in the late year of only 4 ’78 mills per ton per exchange market during December. The high rates
mile, while on the total tonnage the average was but for money which prevailed caused a drop in the price
little higher, being 5*80 mills. Under such low rates of sterling bills to a point where it became profitable
the investor wants to feel sure that everything has to import gold, and a few small lots were actually sent
been charged to expenses that should be charged, and out from the other side. But as soon as the money
on this account the new management’s frank and open market eased up a little, exchange rates again ad
methods of book-keeping and accounting are to be par vanced and gold engagements ceased. In a word, the
gold flow was unimportant in itself and only tempor
ticularly commended.
The finances of the company are now evidently in ary in duration. Hence it happens that with a mer
satisfactory shape. Through the sale of the #5,000,000 chandise export balance of $73,959,702, augmented by
collateral trust bonds the floating debt has been liqui $3,088,064 net silver exports, making over 77 million
dated, and there are now no bills payable outstanding, dollars together, the net amount of gold imported,
against #2,453,000 a year ago. We notice also that including gold in ore, was only a trifle over two million
the balance sheet shows $3,449,719 of cash on dollars— in exact figures $2,003,689.
But the phenomenon here observed where the heav
hand, besides $5,179,322 of other current assets,
iest
merchandise exports on record, accompanied by
this
latter
including
$1,312,531 of
advances
very
small imports, have failed to bring an influx of
to the Lehigh Valley Coal Company and other
controlled coal companies.
The “ current” liabil gold of any consequence, has not been characteristic of
ities at the same date aggregated only $4,358,572.* December alone. It has been noticeable all through
The finances of the Coal Company are also in good the year 1897. Indeed, its manifestations were ,noted
shape, the current assets greatly exceeding the cur and commented on even in 1896. The 1897 outcome,
rent liabilities. Five million dollars of advances however, is more impressive because markipg a further
made to the Coal Company by the Lehigh Valley Rail continuation and development of the same situation
road Company were liquidated during the year by the and on a still greater scale. The 1896 results (speak
issue of a mortgage bond for that amount due in ing now of the year as a whole) had been in every way
1947 and bearing interest at 5 per cent. The bond is exceptional and extraordinary. But 1897 Surpasses
a first lien on a portion of ■the estate of the 1896 in showing still larger merchandise exports, and
Coal Company and a second lien on the remain also a much larger trade balance, while atuthe same
der, and the Lehigh Valley Railroad has used time actually yielding an adverse gold movement.
In the twelve months of 1896, it will perhaps be
-it as part‘ security for the new collateral trust
remembered,
the merchandise exports for the first time
■bonds which it put out and Sold during the year, as
in
any
calendar
year reached the 1,000-million mark,
noted above.' •
though
there
was
a fiscal year which had once been
Summarizing, we may say that the report all through
distinguished
in
that
way. For the twelve months of
gives evidence of new men and new methods in con
trol. Thè report has also been greatly improved in 1897 the exports are 934- million dollars in excess of
form, -it ;is now folio size, and printed in large and the exceptional total for 1896, the figures being
$1,099,129,519, against $1,005,837,241. We shall show
clear type on good paper.
160
THE CHRONICLE•
below how this increase was brought about. At the
moment it is the size of the merchandise balance, arising
out of these extraordinary merchandise shipments, that
arrests our attention, For the twelve months of 1896
this balance in our favor amounted to $324,257,685
and at that figure it was in excess of the largest ex
port balance ever theretofore accumulated. But the
1897 balance runs 32|- million dollars ahead even of
this previously unexcelled record, it aggregating
$356,498,664, Taking the last six months by them
selves, the showing is even more striking. In 1896
it was noted that 250^ million dollars of the year’s
balance had accrued in the period from July to De
cember. In 1897, it appears, no less than 319£ million
dollars of the balance resulted in these six months.
We append the following table to show the mer
chandise excess for both the full twelve months and
last six months of each year back to 1874.
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
12 months ending Dec. 31—
6 months ending Dec. 31—
1874 ............Exports. $7,75«,646 1874
...Exports. $2,232,487
1875 ................................. Exports.7,784,486
1875
... Exports. 29,579,698
1876 ............Exports. 163,319,464 1876
... Exports.l 13,255,6«!
1877 ............Exports.139,856,112 1«77............. Exports. 101,959,699
1878 .................................. Exports 305,479,590
1878
... Exports. 149,625,055
1879 ............Exports.251,557,029 1879
... Exports.136,520,418
1880............. Exports.192.876,246 1880
... Exports. 161,712,752
1881 ............. Exports.l 63,339,679 1881
... Exports. 65,339,713
1882 ................................. Exports.15,138,439
... Exports. 54,575,469
1882
1883 ............. Exports.l 08,143,100 1883
... Exports. «2,059,081
1 8 8 4.. .........Exports 120,104,568 1884
... Exports.109,348,733
18 8 5.. . .......Exports.100,381,125 1885
... Exports. 45,067,432
1886.................................... Exports.49,974,832
1886
....Exports. 50,953,570
1 8 8 7.. . ......Exports. 6,482,566 1887
....Exports. 33,572,693
1 8 8 8.. . . . . . . ..Impoits. 33,650,3211888
....Exports. 27,924,979
1889 ...... .Exports. 56,584.382 1889
....Exports. 87,239,638
1890 ................................. Exports.34,104,822
1890
....Exports. 52,826.185
1891.. . ; ..... Exports 142,188.703 1891
....Exports 155,450,274
1892.................................... Exports.97,489,705
1892
....Exports. 50,061,293
1893.......... ;.Exports.l09,592,002 18 9 3.............Exports. 165,057,663
18 9 4.. . . ..... Exports. 148,789,307 1894.............. Exports. 80,303,235
1895 ................................. Exports.23,190,789
1«95.............. Exports. 27,92^,824
1896 ............Exports.324,257,685 j 1896
.... Exports.250,365,753
1897 ............Exports.356,498,664 |1897
.... Exports.319,542,815
In view of these figures the circumstance that we
have been able to command apparently no foreign gold
merits all the more notice. With merchandise ex
ports exceeding by 319£ million dollars the mer
chandise imports for the last six months and with
at the same time an excess of
million dollars on
the silver movement— 332 million dollars together—
we have received only about 18£ million dollars
net of gold, and the influx has been spasmodic and
irregular rather than steady and continuous. Taking
the movement for the full twelve months the result
is yet more striking. To the 356£ millions excess of
merchandise exports for these twelve months must be
added 25^ millions of excess on the silver movement,
making 382 million dollars together. How much gold
did we get on this phenomenal preponderance of ex
ports? In the final result not a dollar. We actually ex
ported $256,529 more gold than we imported. It is ob
vious from such experience that favorable foreign trade
results cannot under present conditions be relied on to
give us much foreign gold. To show what has been
the credit balance in our favor the last few years on
the merchandise, gold and silver movements combined,
we present the following table.
YEARLY TRADE BALANCE.
1897.
1890.
1895.
1891.
1893
Excess of—
$
$
*
$
Merchan. exports. .350,498,004 324,267,085 23.190,789 148,789,307 109,592,002
Silver exports .... . 25,585,310 33,777,001 29,837,739 29,012,213 18,592,052
Total.............. .382,083,974 i 58,034,030 63,028,528 178,401,520 128,184,054
250,529 * 46,474,809 70,571,010 80.499,123
Gold exports........
0,703,151
Grand total.... .382,340,503 311,560,317 123,599,538 258,900,048 131,887,205
* Excess of imports.
It will be observed from the foregoing that in 1897
the exports of merchandise and specie exceeded the
imports in the sum of 382£ million dollars, and that
for 1896 the similar excess was 311£ million dollars.
In other words, for the last two years the balance in
favor of the exports has been not far from 700 million
[ V o l . L X V 1.
dollars! It is hardly necessary to dilate upon th e
magnitude of this amount, as the figures speak elo
quently enough for themselves. What has become of
the 700 millions ? Of course we owe the outside world
each year a considerable amount for interest on
American securities held abroad, and for freights,
etc. Allowing 150 million dollars a year for such
items, this would make only 300 million dollars
for the two years, and still leave nearly 400
million dollars to be accounted for in some'
other way. It will be said that Europe has re
turned large amounts of our securities, and the state
ment is correct. We are not prepared to believe how
ever that 400 millions of securities have come back in
the two years. The advance in prices on the Stock
Exchange has no doubt been very tempting to foreign
holders, especially as they have been inclined to
withdraw from their investments here rather than
make new investments. But there have also been
occasions during the last six months when consider
able purchases on European account have been re
ported, and on the whole it must be said that the
return flow of securities of late has been small and in
termittent rather than large and persistent.
A few words as to the causes that operated fur
ther to enlarge our merchandise exports in 1897 after
the decided expansion in 1896. Abundant harvests
here, combined with a deficiency abroad, were the
principal factor in the increase. This gave us high
prices for our wheat and a big demand for it, and also
made an active demand for all our food products. The
value of the breadstuffs exports in 1897 was $252,633,562, against only $182,814,370 in 1896 and but $125,266,871 in 1895. We sent out 170£ million bushels of
flour and wheat (of which 120 million bushels went
the last six months), against only 154|- million bushels
in 1896. The wheat brought an average of 90| cents
per bushel, against 71 cents in 1896 and 61 cents in
1895. But we also exported enormous amounts of the
other cereals; of corn, for instance, 188£ millions
bushels, against only 132 million bushels in 1896 and
62 million bushels in 1895.
Outside of breadstuffs—in fact outside of wheat—
high prices were not a feature of the export trade.
Cotton ruled at a very low figure; this will account
for the fact that cotton export values in 1897 were
only $213,706,100, against $233,412,777 in 1896; in
quantity the shipments were much heavier, being
6,458,622 bales, against 6,030,704 bales. The loss
of 3£ million dollars in the petroleum exports also fo l
lows from the lower prices received, as there was a
gain in the quantity shipped. We furnish below a
statement of the export values of the leading staples
for the last six years.
EXPORTS OF LEADING PRODUCTS FOR SIX CALENDAR YEARS.
Exports.
1897.
1890.
1895,
1894.
1893.
1892.
$
$
$
$
$
$
Cotton....... 213,706,100 233,412,777 189,890,645 200,413,772 204,106,023 217,063,558
Breadstuffs. 262,033,502 182,814,370 125,200,871 125,001,480 187,395.080 248,211,221
Prov’ns, &c. 146,105,324 134,599,500 132,450,843 141,742,435 135,205,802 148,488,442
Cattle,sheep
and hogs.. 39,413,848 38.893,170 30,425,309 40,700,388 23,176,180 30,078,899
Petr’lm, &c. 80,072,878 03,057,980 57,129,790 41,249,848 41,830,255 42,729,157
Total....... 711,931,712 053,377,803 535.169,458 549,716,929 591,719,29« 692.971.277
All oth. exp. 387,197,807 352,469,438|289,090,078 275 385,319 284,112,5d2|245,849,383
Total....... 1099129519 100583724l '824.860.136'825,102,248 875.831,848 938,420,600
It will be noticed that it is not merely the exports
of food staples that have expanded. An equally note
worthy feature is the steady and large increase in the
“ other exports,” which amounted to 387 million dol
lars for 1897 against] 352 million dollars for 1896 and
JANUARY 22
THE CHRONICLE.
18P8 J
289 million dollars for 1895. As to the increase here,
it is only necessary to say that it has been general in
character, extending practically to the whole list of
articles' and commodities embraced under that head.
The merchandise imports, it will perhaps be a sur
prise to hear, were 61 million dollars in excess of those
for the year preceding.
The importations were very
heavy in the early part of the year in anticipation of
the higher duties to be imposed by the new tariff law,
and in April all records were broken with a monthly
total of $101,322,406.
The following August the
amount was only $39,847,606.
In November and
December the totals had got back to 51@52 millions.
The following shows the merchandise imports and ex
ports back to 1870.
MERCHANDISE EXPORTS AND IMPORTS (CALENDAR TEARS).
Calendar
Exports.
Imports.
Tear.
1870
..................
403,586,010
461,182,058
1871
..................
460,352,088
573,111,099
1872
..................
468,837,948
655,964,699
1873
..................
..................
567,757,867
595,248,048
1874
..................
..................
569,872,553
562,115,907
1875
.
510.947.422
503,162,936
1876
.
590,666,629
427,347,165
1877
.
620,302,412
480,446,300
1878
.
737,091,973
431,612,383
1879
.
765,159,825
513,602,796
1880
.
889.683.422
696,807,176
1881.............
833,549,127
670,209,448
1883.............
767,981,946
752,843,507
1883
.
795,209,316
687,066,216
1884
.
749,366,428
629,261,660
1885
.
688,249,798
587,868.673
1886
.
713,404,021
663,429,189
1887
.
715,301,044
708,818,478
1888
..................
..................
691,761,050
725,411,371
1889
.
827,106,347
770,521,965
1890
..................
..................
857,502,548
823,397,726
1891
.
970,509,646
828,320,943
1892
.
938,420,660
840,930,955
1893
.
875,831,848
766,239,846
1894 ...........
825,102.248
676,312,941
1895..
. . . ..............
824,860,136
801,669,347
1896............ 1,005,837,241
681,579,558
1.099,129.519
1897..
,.................
742 630,855
Excess.
Total Foreign
Trade.
Imp. 57,546,048
Imp. 112,759,011
Imp. 187,128,751
Imp. 27,490,181
Exp. 7,756,646
Exp. 7,784,486
Exp. 163,319,464
Exp. 139,856,112
Exp. 305,479,590
Exp. 251,557,029
Exp. 192,878,246
Exp. 163,839,679
Exp. 15,133,439
Exp. 108,143,100
Exp. 120,104,568
Exp. 100,381,125
Exp. 49,974,832
Exp. 6,482,566
imp. 33,650,321
Exp. 56,584,382
Exp. 34,104,822
Exp.liZ,188,703
Exp. 97,489.705
Exp. 109,592,002
Exp. 148,789,307
Exp. 23,190,789
864,718,068
1,033,483,187
1,124,802,647
1,163,005,915
1,131,988,460
1,014,110,358
1,018,013.794
1,100,748,712
1,168,704,356
1,278,762,621
1,586,490,598
1,503,768,575
1,520,825,453
1,482,875,532
1,378,628,288
1,276,118,471
1,376,833,210
1,424,119,522
1,417,172,421
1,697,628,312
1,680,900,274
1,798,83»,589
1,779,351,615
1,642,071,694
1,501,415,189
1,626,529,483
1,687,416,707
1,841,760,374
' Tear
Ending
Dec. 31—
reached show a small decrease in the consumption of
Great Britain, and an increase on the Continent,
this increase being greater than in 1896. The actual
figures for 1897, stated in bales of the uniform weight
of 500 lbs., have been as follows :
SPINNERS’ TAKINGS, CONSUMPTION AND STOCKS IN 1897.
In 500-lb. Bales.
Qt. Britain. Continent.
122,000
3,256,000
371,000
4,387,000
493,000
7,643,000
Supply..........................................
Consumption......................................
3.378.000
3.244.000
4.758.000
4.394.000
8.136.000
7.638.000
Stocks January 1 1898.....................
134,000
364,000
498,000
Weekly consumption.........................
62,385
84,508
146,893
It will be observed that according to this esti
mate the mills in Great Britain have consumed on
the average 62,385 bales of 500 lbs. each per week
during 1897, a loss of 615 bales per week from 1896
and a decline of 230 bales per week compared with
1895. On the Continent, however, consumption has
risen to 84,508 bales per week, as against 80,750 bales
last year and 78,250 bales in 1895. Surplus stocks at
all European mills at the end of the year are placed at
498,000 bales, or 5,000 bales greater than at the open
ing. The foregoing of course presents the results for
1897 o n ly ; to set out clearly the relation the figures
for a number of years bear to each other, we have pre
pared the following, which embraces the years from
1890 to 1897 inclusive :
Bales o f
500 Lbs.
G t. B r it a in .
1897................
1896................
1895................
1894................
1893................
1892................
1891................
1890................
Spin’rs
Stock Takings.
Jan. 1.
Con Spin’rs Weekly
Supply. sumption Stock
OonBee. 31. sumpt’ n
62,385
63,000
62,615
62,250
57,115
58,585
64,230
63,707
G o n t in e n t .
1897................ 371,000 4,387,000 4,758,000 4,394.000 364,000
Exports(.+)or 1896................ 452,000 4,118,000 4,570,000 4,199,000 371,000
Imports. Importst—). 1895............... 491,000
4,030,000 4,521,000 4,069,000 452,000
15,259.199 +12,586,834 1894................ 245,000 4,125,000 4,370,000 3,879,000 491,000
10,962,467 +21,562.028
10,088,714 --21,980,085 1893............... . 227,000 3,696.000 3,923,000 3,678,000 245,000
9,212.185 --28,864,022 1 8 9 2 ...,.......... 266,000 3,622,000 3,888,000
3,661,000 227,000
7,830,998 --21,746,986
8,547.357 --17,342,210 1891................ 223,000 3,684,000 3,907,000 3,641,000 266,00u
10,798,043 --14,324,693 1890................ J143,000
3,585,000 3,728,000 3,505,000 223,000
12,141,560 —17,195,369
84,508
80,750
78,250
74,596
70,731
70,400
70,015
67,400
Exp. 324,257,685
Exp. 356,493,664
GOLD AND SILVER IMPORTS AND EXPORTS.
--------------------G o l d .
-S ilver.
Excess of
Excess of
Exports.
Imports.
Exports (+) or
Imports (—). Exports.
. .
. .
.
. . . . . . . . . . .
. .
$
1870......... 53,103,745 10,430,661
,673,184 27,846,083
1971 ........44,915,975 5,841,948
074,027 32,524,495
1872
68,638,12511,113,290
524,835 32,048,799
1873
25,496,11820,637,254 +4.958.864 38,076,207
1 8 7 4 ...... 43,149,091 ■■,422,806 +35.726,285 29,577,984
1875 ....... 53,413,947 14.338,789 +39.075,1 d8 25,889,567
1876
31,231.73923.673,291 +7,558.448 25.122.736
1877
18,982,63811,629,655 +7,352,983 29,336,929
1878
8,655,948
10,477,859 —1,821,011 18,209,252 18,389,884
1879
4,115,44678,767,941 —74,652,495 21,701,552 '14,425,017
1880
3,062,45973,644,698 —70,582,239 12,983,442 11,631,025
1881
2,603,54360,898,620 —57,795,077
1882
38,721,07913,402,528 +25,318,551 17,’3Ì7,055
1883
6,048,77022,055,961 —16,007,191 25,794.670
1884
40,948,246
27,957,657 +12,990,589 29,563,748
1885
11,417,207
23,645,311 —12,228,104 33,280,542
1886
41,283,222
I ____ _____
____
41,309,181
-25,959 -------------27,045,976
1
n
m
4
1887........ 9,144,426 44,889,299 -35,744,873 27,644,988
18w8 ......... 84,526,447 10,960,773
~ +23.565,674 29,880,405 15,907,969
1889
50,933,46012,004,632 +38,928,828 40,694,230 19,219,262
1890
..................... f 24,063,074+3,832,984
20;230;090 26,539,789
H U M 22,426.119
1891
79,086,58144,970,110 +^4+16,471 27,692,879 18,192,750
1892
76,532,05617,450,946
+59,081 110
35,975,834 21,726,252
1893..
. . . . 79.983,726 73,280.575-46,703,151
46,357.748 27,7^5,696
1894.. ...101,849,735 21,350.607 +8',499,128 47,245,807 17,633,594
1895
..................... 104,9+7,402 34,398,392 54,2ll,0f6
+70,571,010
24,373,347
68.253,800104.731,259—46,474,369 64,054,741 80,279.740
1896
1897
34,276,40134,019,872
-t-250,529 58,661,292 33,075.982
—180,632
7,276,535
1,352,417
8,467,629
8,218,670
641,313
058,971
507,824
+9,832,511
+10,872,374
+13,972,436
+21,474,968
+4.113,670
+9,500,129
+14,249,582
+18.592 052
+29.612,213
+29,83',739
+ 8 «,777/01
+25,585,310
N ote .—For years 1893,1894,1895,1896 and 1897 the figures embrace
gold and sliver In ore; in the years preoeding both were included
in tne merchandise movement.
QOTTON S U P P L Y AN D CONSUMPTION I N
EUROPE.
■Mr. Ellison's “ Annual Review of the Cotton Trade
for the year 1897" was issued in Liverpool on Thurs
day of the current week and by freely using the cable
■tfe are able to present to-day all the results of interest
contained therein. The figures cover not only statis
tics of supply and consumption for the calendar year
just closed and the first quarter of the new crop
season, but also the detailed estimates of imports, con
sumption, &c., for the full cotton season of 1897-98.
With regard to the calendar year 1897 the results
Total.
Stocks January 1 1 8 9 7 .... .................
122,000 3,256,000 3,378,000 3,244,000 134,000
130,000 3,268,000 3,398,000 3,276,000 122,000
90,000 3,296,000 3,386,000 3,256,000 130,000
69,000 3,258,000 3,327,000 3,237,000 90,000
160 000 2.879,000 3,039,000 2,970,000 69,000
132,000 3,074,000 3,206,000 3,046,000 160,000
163,000 3,309,000 3,472,000 3,340,000 132,000
154,000 3,322,000 3,476,000 3,313,000 163,000
- We add the gold and silver imports and exports
for the same years :
,
161
A ll E u r o p e .
1897.......: ........
1896................
1895................
1894...............
1893................
1892 ...............
1891................
1890................
493,000
582,000
581,000
314,000
387,000
398,000
386,000
297,000
7,643,000 8,136,000
7,386,000 7,968,000
7,326,000 7,907,000
7,383,000 7,697,000
3,575,000 3,962,000
3,696,000 7,094,000
3,993,000 7,379,000
3,907,000*7,204,000
7,638,000
7,475,000
7,325,000
7,116,000
3,648.000
*>,707,000
3,981,000
3,818,000
498,000 146,893
493,001 143,750
582,000 140,865
581,000 136,846
314,000 127,846
387,000 128,985
398,000 134,245
336,000) 131,107
This comparison, notwithstanding the set-back the
cotton industry has suffered in Great Britain the past
few years, indicates progress in Europe as a whole
during the period covered. In Great Britain consumption was less the past year than it has been in any
but three of the years included in the table, the fall
ing off from 1890 having been over 1,300 bales per
week. On the Continent however expansion has been
constant, the results for 1897 showing a gain over
those for 1890 of over 17,000 bales per week, or fully
25 per cent.
Despite the complaints from time to time from the
manufacturing districts of Great Britain, the returns
from operations now at hand seem to show that
British mill-owners have fared much better than in
any year since 1890. It is but proper to say however
that this result is to be ascribed chiefly to the im
provement in conditions during the last quarter of the
fVoL. LXV1
THE CHRONICLE
162
year. In fact, in the spring business was so unremunerative that not only was short-time resorted to,
hut an unsuccessful attempt was made to bring about
a five-per-cent reduction in the wages of operatives.
Our cable states that 79 companies in the Oldham dis
trict made a combined profit of £147,724 in 1897, or
an average of £1,857 per mill, which compares with a
profit of £508 per mill in 1896 and £667 in 1895.
The financial results to these mills since 1883 have
been as^follows:
months are placed at 8,870 bales of ordinary weights^
made up of 7,180,000 bales from the United States,
750,000 bales from the East Indies, 725,000 bales from
Egypt and 215,000 bales from Smyrna, Brazil, West
Indies, etc. Presented in tabular form, the estimate
is as follows, comparison being made with revised re
sults for 1896-97 and 1895-96:
IMPORTS OCTOBER 1 TO SEPTEMBER 30.
Estimated.
Actual.
Actual.
1897-98.
1896-97. 1895-96-.
American.......................... , ................... 7,180,000 5.813,000 4,645,000
East Indian.....................................
750,000
895,000 1,045,000
682,000
614,000
Egyptian............................................... - 725,000
213,000
205,000
Sundries...."."......................................... 215,000
Profit per miU, £1,857
508
667
Total................................................. 8,870,000
Loss
“
177
782 In bales of 500 lbs.. ............................. 8,687,000
1,127 Stock in Europ’n ports, bales 500 lbs. 496,000
Profit
«
H 6 Stock at Europ’n mills, bales 500 lbs. 287,000
4,170
Total, in bales 500 lbs................... 9,470,000
2,565 Consumption,5 2 weeks........ ............... 7,696,000
2,952
975 Stock at ports and mills Sept. 3 0 ........ 1,77 4,000
527,000
Loss
“
686 Of which at tbe mills..................
31 Leaving at tbe ports, bales of 500 lbs. 1,247,000
Profit
1*
2,083
1897......... 79 Companies—Profit, £147,724.
it .
“
46,772.
...9 2
K
“
63,329.
...9 5
U
Loss,
15.837.
...9 3
it
“
72,768.
1893. ...9 3
it
“
101,434.
1892. ...9 0
a
Profit, 10,763.
...9 3
a
“
376,041.
....9 0
a
“
220,587.
1889. ...8 6
(t
«
250,932.
...85
a
“
85,810.
...8 8
it
Loss,
61,718.
...9 0
u
“
2,730.
...8 7
Profit, 125,000.
••
1884 ....6 0
7,603,000 6,509,000
7,383,000 6,221,000
691,000 1,605,000
301,000
602,000
8,375,000 8.428,000
7,592,000 7,436,000
783,000
287.000
992,000
301,000
496,000
691,000
On the bases of these estimates the combined stocks
The exports of yarns and goods from Great Britain
at ports and mills in Europe at the close of the sea
in 1897 were less than in either of the three preceding
son of 1897-98 will be 1,774,000 bales of 500 lbs. each,
years. These exports in detail by months and quar or an increase of 991,000 bales over September 30
ters for 1897 and 1896 will he found in our cotton de
1897 and a gain of 782 bales over 1896.
partment on page 195. We have also received by cable
the'figures for the three months of the season since R AILR O A D GROSS AN D N E T EARN IN G S FOR
October 1. The spinners’ takings in actual bales and
NO VEMBER.
pounds have been as follows:
Our statement of the gross and net earnings of
Total
Great Britain. Continent.
United States railroads lor the month of November
October 1 to January 1.
meets expectations in showing extraordinarily largeFor 1897.
1,203,000
2,129.000
926,000
Takings by spinners.. .bales
gains in both gross.and net. The statement ranks a&
499
501-6
505
Average weight of bales.lbs
the very best we have ever had, as was foreshadowed
600,297,000
1,067,927,000
Takings In pounds......------ 467,630,000
would be the case by the early preliminary compilation
For 1896.
1,193,MW>
2,117,000 of the gross published in our issue of December 11.
924,000
Takings by spinners., .bales
486
493-5
503
Average weight of bales.lbs.
464.937 OfO 579,924,000 1,044,06 \000 In gross the increase over last year is $11,321,425 and
Takings in pounds................
in the net $5,866,061. Never before have we had a
monthly
statement where the amount of the improve
deliveries in Great Britain is 505 pounds per bale this
ment
was
so large as this. But in ratio the improve
season, against 503 pounds during the same time last
ment
is
equally
noteworthy, the increase in the gross
season.
The Continental deliveries average 499
being
17*28
per
cent and in the net 26*04 per cent.
pounds, against 486 pounds last year, and for the
wholejof Europe the deliveries average 501*6 pounds
perjbale against 493 ‘5 pounds last season. Ouy dis
patch also gives the full movement for this year and
last year in bales of 500 pounds.
1897.
Oct. 1 to Jan. 1
Bales o f 500 lbs. each, Great Conti
000s omitted
Britain nent.
1896.
Total.
Great Conti
Britain nent
Tot
Spinners’ stock Oot. 1
Takings to Jan. 1.......
31,
935.
256
1,200
287
2,131
24
930
277
1,160
301,
2,090,
Supply........
Oonsumpt’n, 13 weeks
966,
832
1,456,
1,092,
2,422
1,924
954
832
1,437
1,066
2,391,
1,898,
Spinners’ stock Jan. 1
134
364
498
122
371,
493,
Weekly Consumption.
00s omitted
I n O o to b e r ........
In November. ....
In December
64,0
64,0
64,0
84,0
84,0
84,0
148,0
149,'*
148,0
64,0
64,0
64.0
82,0
82,0
82,0
146,0
146, '
146.o
The foregoing shows that the weekly consumption
is now 148,000 bales of 500 pounds each, against
146,000 bales of like weights at the corresponding time
last year. The total spinners’ stocks in Great Britain
and on the Continent have increased 216,000 bales
during the month, and are now 5,000 bales more than
at the same date last season.
The cable also brings us Mr. Ellison’ s estimates of
imports, consumption, &c., for the full season of
1897-98. So far as American cotton is concerned the
results are based on a crop of 10,750,000 bales. The
aggregate imports from all countries for the twelve
January 1 to November 30,
(128 roads.)
November.
(139 roads.)
1897.
1896.
Increase.
1897.
1896.
Increase.
$
*
Grosi earn’s 76,823,896 65,607,471
Oper. exp ... 48,437,039 42,981,725
$
$
$
11,321,425 672,913.014 634,570,030 38,342,984
6,455,364 451,860,111 440,208,471 14,651,640
Net earn’s 28,391,807 22,525.746
5,366,061 218,052,903 194,361,569 23,691,344
%
Many circumstances and conditions have combined
to bring about this notable result. There were nu
merous favoring influences, hardly any unfavorable
ones. In the early part of the month the yellow fever
still proved a hindrance to some extent, but in the latter
part practically all trace of that event had disappeared*
The cotton movement proved of exceptional dimen
sions. So did the grain movement in the West. All
over the country reviving trade added to the volume
of general and miscellaneous freight, though in the
passenger traffic the presence of that agency was not
particularly manifest. Then also the month, con
taining one less Sunday than the same month
in 1896, had one more business day.. Finally,
we are comparing with heavily diminished totals of
earnings the year before. The long period of depres
sion attending the silver agitation and the Presidential
campaign culminated in November, 1896, it will be
remembered with the poorest traffic and earnings the.
roads had had for a long time. Our compilation then,
recorded o f million loss in gross (about 9 per cent)
and
million dollars (14*71 per. cent) loss in net. I t
J a n u a r y 22, 1898. J
TRE CHRONICLE.
¡should not escape notice, however, that in amount tho
1897 gains are just about double the 1896 losses. The
following carries tho comparisons back several years.
Year and
number
November
1892
1893
1894
1895
1890
1897
(131)
(131)
(147)
(139)
(134)
(139)
Jan. 1 to
Nov. 30.
1692 (125)
1893 (121)
1894 (139)
1895 (128)
1890 (123)
1897 (128)
Gross Earnings.
Year
Given.
2
Net Buntings.
Year
Increase or
Preceding. Decrease.
Year
Given.
Year
Increase or
Preceding. Decrease.
$
05,129,848
62,143,846
63,037,046
58,910,401
02,895,707
05,507,471
$
$
00,322,782
50,739,020
00,938,020
04,085,304
57,217,256
70,828,890
t
$
+1,192,934
—5,404,820
—2,098,420
+5,174,903
—5,678,451
+11,821,425
23,187,026
20,305,296
21,114,094
23,019,253
19,500,027
28,391,807
23,695,463
22,204,823
21,030.261
20,407,057
22,879,588
22,525,746
-558,437
—1,899,527
-516,107
+2,012,190
—3,373,561
+6,880,061
078,001,781
024,800,987
577,906,452
599,954,896
583,023,446
072,913,014
647,105,743
640,133,807
658,059,720
566,259,701
581,185,137
634,570,030
+31,550,038
-15,272,820
-80,153,288
+33,095,195
+2,438,309
^38.342.984
222,961,778
199,382,490
172,589,818
190,023,476
181,067,608
213,052.903
219,840,250 +3,121,517
207,508,742 -8,120,262
202,943,182 —30,353,364
170,853,046 +19,169,830
185,000,390 —3,932,728
194.361.K59l+23.091.844
163
increase, particularly in the net. For the Northwest
ern group, the Southwestern and the Mexican, the
ratio of improvement is in each case over 30 cent; for
the Trunk Line group over 24 per cent; for the Pacific
1group over 42 per cent. For the Middle-Western group
the gain in net is fully 81 per cent ; but this follows
from the exceptional addition on the Illinois Central,
due in part to the operation of increased mileage. The
Southern group shows only 7*36 per cent increase,
while the Anthracite coal group stands alone in record
ing a loss in the net, namely $174,207, or 6*24 per
cent, to which all the leading companies have con
tributed.
SUMMARY BY GROUPS.
SECTION OR
Group.
Gross Earnings.
1897.
1890.
Net Earnings.
1896.
Inc. or Dee.
The favorable character of the month’s results is
November.
$
$
S
$
$
P.O
strikingly brought out when we make our usual sum Trunk lines..(14 20,074,205 17,778,061* 6,392,999 5,153,248 +1,239,751
21-08
8,036,025
Anthra.
coal.
(6)
2,790,009
7,804,956
2,615,862
-174,207
6-24
mary of roads distinguished for large changes, and
Hast. & Mid.(14) 2,931,839 2,571,380
733,940
910,994
+183,054 24-94
find that there is not a single road with a loss amount- Mid. W est’n.(20) 4,706,031 3,571,034 1,609,303 921,914 +747,389 81-07
Northwest’n.(9)
8,954,041 6,867,274
8,031,478 2,774,117
+857,361 30-91
ng to $30,000 in the gross and only one with a loss of South
west’n .(19) 7,808,256 5,860,674
+697,360 33-34
2,788,778 2,091,418
Pacific
Coast
(15)
13,635,753
10,987,038
over $30,000 in the net. Moreover we may say that
0,430,613 4,508,862 +1,927,751 42*75
Southern.... (38) 9,330,593 8,562,094
3,009,522
+221,538
7-38
out of the whole 139 roads which have con Mexican........ (4) 1,780,156 1,488,951 3,231,060
+166,004 30-00
708,720
542,656
tributed returns, only 16 have losses of any kind Tot.. (139 r’ds) 76,828,896 65,507,471 28,891,807 22,625,746 +5,866,061 26-04
in the gross and 33 losses in the net. The Jan. 1 to Nov.80.
lines.(14) 199,140,05f 192,110,414 60,182,792 54,142,690 +6,010,202 11-16
Pennsylvania leads with a gain of nearly 1^- mil Trunk
Anthra. coal. (5) 57,098,30) 57,544,055 15,083,132 15,111,223
—28,091
o-i
lion dollars in gross (though in this case the improve East & Mid.(13) 31,510,700 30,028,767 9,870,008 9,095,133 +780,875 8-58
Mid. W est’n.(19j 42,757,1(H 39,895,546 12,015,396 11,080,756 + 1 534,640 13-85
ment is not equal to the previous year’ s loss), and both tiorthwest’n..(8) 77,485,322 71,501,905 30,103,980 20,188,940 +3,915,040 14*94
the Burlington & Quincy and the Northern Pacific 3outhwest’n( 16) 60,183,063 53.445,683 18,315,705 16,409,717 +1,905,988 11-61
Pacific Coast(lS) 94,385,540 86,163,338 36,348,300 30,779,528 +5,568,777 1809
have increases in gross approximating a million dol Southern....(36) 91,427,282 87,665,368 28,428,304 25,003,250 +2,925,114 11-47
lars, while in the Atchison case the addition is $701,- M exican.......(4) 18,924,931 15,614,954 7,099,226 0,050,427 +1,048,799 17-33
T o t.. (128 r’ds) 672,913,014 634.570,030 2I8.052.903I194,361,559 +23.691,344 121ft
361.
From the latter figure the increases taper
down, taking in a very large body of roads. In the
net the gains are only less noteworthy and less numer
S t o c k E x c h a n g e C l e a r in g - H o u s e T r a n s a c t io n s .— The
ous than in the gross, as will appear by the following. subjoined statement includes the transactions of the Stock
PRINCIPAL CHANGES IN G R O SS EARNINGS IN N O V E M B E R ,
In crea ses.
In crea ses.
Pennsylvania!............. $1,492,400 Phil. Wilm. & B a lt....
$81,600
Ohio. Burl. & Quin.. . .
979,988 Rio Grande W estern..
74,310
Northern Pacino........
958,089 Baltimore & Ohio.......
71,496
Atch. Top. & S. F e ....
701,361 West. N. Y. & P en n...
66,517
694,143 Nash. Chatt. & St. L ...
Illinois Central............
64,682
Ohio. Mil. & St. Paul..
589,926 Northern Central ...
63,290
Canadian Paoiflo........
575,767 Clev. Lor. & Wheeling
63,011
Union Pacific.......„ .....
427,152 Allegheny V a lle y ___
59,019
393,079 Flint & Pere Marq___
Southern Paoiflo........
59,004
Mexican Central........
241,107 Grand Rapids & Ind..
58,192
Grand Trunk...............
220,126 Cin. N. O. & Tex. Pac.
55,234
Kan. C. Pitts. & G ulf..
212,626 Choc. Okla. & G u lf....
52,210
Denver & Rio Grande.
198,415 Pittsburg & Western..
48.28 L
Olev. Cin. Ch. & St. L.
189,637 Minn. & St. Louis.......
47,587
189,005 Un. Pac. Den. & Gulf.
Oregon RR. & Nav___
46,274
Minn. St. P. & S. S. M.
168,154 St. Jos. & Gd Island..
44,068
Southern Railway___
167,527 Ft. Worth & Den. City.
44.028
Wahash.........................
155,391 Iowa Central...............
41,189
154,299 Mobile & Ohio.............
Ohio. Gt. Western___
40,918
Chesapeake & O hio....
132,469 B. & O. Southwestern.
39,143
Phil & R .andO . & I ..
117,936 Colum. Sand. & Hock.
34,933
Louisville & Nashville.
99,838 Lake Erie & Western.
34,467
St. Louis & San Fran..
94,908 Peoria & Eastern........
34,054
Burl. Cedar R. & Nor..
93,647 Long Island System..
32,819
Lehigh Valley RR.......
86,696
Central of Georgia...
84,804
Total (representing
Kan. 0. Ft. S. & Mem..
82,187
71 roads)............. $10,838,696
Erie........ ......................
81,693
t Covers lines directly operated both east and west o f Pittsburg and
Erie. The gross on the Eastern lines increased $573,500 and the gross
on the Western lines increased $918,900.
PRINCIPAL CHANGES IN N E T EARNINGS IN N O V E M B E R .
In crea ses.
Northern Pacific..........
$875,656 Choc. O k l a . G u l f . 8?.*’
$39,515
Pennsylvaniat........ .
759,300 Grand Rapids & In d..
39,436
Illinois Central.......... .
503,488 Southern Railway.......
38,850
Southern Pacific........
350,536 Burl. Ced. Rap. & Ind.
38,420
Atch. Top. & Santa Fe
342/'28 St. Jos. & Gr. Island..
38,385
Chic. Burl. & Quincy..
329,789 Rio Grande Western..
34,922
Canadian P a cific......
327,585 Norfolk & Western__
34,650
Union Pacific...............
270,721 Chesapeake & O hio...
34,189
Chic. Mil. & St. Paul...
214,787 St. Louis & San Fran..
33,302
•Grand Trunk .............
207,624 Northern Central.......
33,205
Mexican Central.........
157,681 Clev. Lor. & Wheeling
32,863
Minn. St. P. & S. S. M ..
142,171 West. N. Y. & P en n ....
32,589
Baltimore & Ohio.......
125,878 Lake Erie & Western.
31,768
■Kan. C. Pitts. & Gulf..
106,793 Phil. Wilm. & B a it....
30,900
<Chic. Gt. Western.......
86,662
‘ Oregon RR. & Nav ...
75,542
Total (representing
.Denver & Rio Grande.
65,173
48 roads).............. $5,587,202
Central of Georgia___
61,741
.Allegheny Valley........
50,810
D ecreases.
Wabash.................
40,243 Phil. & R. and C. & I ..
$176,543
t Covers lines directly operated east and west of Pittsburg & Erie.
The net on the Eastern lines increased $164,400 and the net on the
■Western lines increased $594,900.
It is almost superfluous to say that when we arrange
the roads in groups we get some very large ratios of
1897.
Exchange Clearing-House from January 10 down to and
including Friday January 21 ; also the aggregate for Janu"
ary to December inclusive in 1897 and 1896.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
—Shares, both sides.— . .-------- Balances, one side.-------- . Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Cleared
$
1896$
$
907,700,000
1,614.200
January.. 15,298,500
88,400,000 1,445,000
6,876
February.. 17,004,900 1,068,600,000 1,905,500 *100,300,000 1,364,400 6,261
March...... 16,675,000 1,060,600,000 1,031,500
91,000,000 1,452,800
6,811
984,000,000
April....... 14,662,200
1,689,100
99,600,000 1,233,300
6,468
750,800,000
May........ 10,291,600
1,122,000
69,100,000
923,800
5,732
95,900,000 1,325,500
June....... 15,489,600 1,132,400,000 1,594,100
0,367
July........ 21,158,300 1,398,600,000 1,908,600 107,500,000 1,800,200 6,996
August... 10,537,200 1,081,900,000 1,301,700
09,000,000 1,600,800
6,288
Septemb’r 17,640,200 1,185,100,000 1,559,100
80,200,000 1,024,900
7,17
October... 17,383,200 1,056,373,000 1,782,600
9e,900,000 1,497,300
6,863
November 2°,071,400 1,098,700,000 2,512,100 124,800,000 1,665,900 6,319
December 15,181,400 1,007,000,000 1,614,000
88,000,000 1,349,500
6,573
Year.... 197,393,500 12,797,073,000 21,235,500 1,121,900,000 17,349,400 78,725
1897January.. 12,000,700
778,000,000
1,425,500
74,900,000 1,008,900
5,900
February.. 10,223,000
1,096,500
709,500,000
59,500,000
879,400
5,248
March...... 18,141,000 1,270,700,000 1,916,700 113,200,000 1.559,200 7,195
April....... 14,182,600 1,029,200,000 1,357,300
82,200,000 1,334,900
6,071
May........ 13,050,400
931,800,000
1,250,700
76,900,000 1,180,000
5,919
June....... 22,559,200 1,737,580,000 2,501,000 153,629,000 1,604,100 7,116
July....... 22,353,100 1,053,000,000 2,678,800 171,600,000 1,751,500 6,642
August... 38,912,300 2,321,500,000 5,177,200 287,400,000 8,047,900 7,062
Septemb ’r 43,276,900 2,870,100,000 5,945,300 370,300,000 3,473,900 7,449
October... 27,273,700 1,974,900,000 3,307,400 215,800,000 2,321,800 6,995
November 18,397,400 1,443,100.000 2,050,500 141,800,000 1,589,000 6,261
December 24,236,600 1,935,200,000 2,733,100 194,800,000 1,864,800 7,346
Year.... 264,607,500 18,654,580,000 31,440,000 1,942,029,000 21,681,800 79,804
r~Shares,
Cleared.
1898.
Jan. 10. .1,982,000
« 11. . 956,800
“ 12. .1,024,400
“ 13...1,363,700
“ 14. .1,596,600
both sides.—.
Total Value.
$
153,500,000
73,900,000
81,800,000
103,600,000
125,100,000
.------- Balance, one side.------- , Sheet
Shares. Value Shares. Oash.Cleared
$
$
255,800 18,100,000 125,000
354
130,400 9,200,000 63,800
321
126,300 8,300,000 60,300
333
181,600 12,300,000 81,200
349
192,100 13,600,000 109,700 356
Tot. wk...6,923,500
Wklastyr2,608,600
Jan. 17. .2,243.400
“ 18. .1,263,800
« 19. .1,034,600
i 20. . 847,500
“ 21. . 822,800
537,900,000
158,000,000
179,400,000
118,100,000
85,800.000
67,100,000
66,000,000
886,200 61,500,000 440,000 1,713
296,300 13,900,000 211,400 1,469
233,000 16,500,000 205,600
358
330
146,400 9,700,000 112,100
327
114,500 8,300,000 89,700
303
106,800 6,300,000 60,400
320
87,800 6,400,000 49,100
Tot. wk. .6,212,100 516,400,000
Wklastyr4,617,100 305,500,000
688,500 47,200,000 516,900 1,638
565,500 31,000,00Q 459,9OQ 1,610
THE CHRONICLE.
164
[VOL. L X VI.
THE N E W Y O R K M O N E Y M A R K E T FOR F IV E YEARS.
We have compiled in a convenient form, from our own journal and from the books of money brokers,
and give on the pages which follow, a comprehensive record of all departments of the New Y ork money
market for the'past five years. This is the only attempt ever made to preserve that department of business
affairs in a shape fitted for ready reference. The publication of the statements in the present form was
begun by us two years ago, and the comparison was extended back so as to cover a number of past years. W e
now bring the data down to the end of 1897.
The tables require but little explanation. We begin with the call loan branch of the market, giving the
Tange for each week at the Stock Exchange and the average, and also the minimum for call money at bank
and trust companies. Following call loans we give time money, reporting under that head separately transac
tions at 30 days, 60 days, 90 days, and four, five, six and seven months, all representing choice collateral.
Finally, the rates for commercial paper are presented : first, double-name paper, known as 60 to 90 day
endorsed bills receivable, and then single-name paper, divided into two classes. A complete monthly review
of the money market during 1897 was furnished in the C h r o n i c l e of January 1, 1898, pages 7 to 15, but as
a matter of convenience we annex here a brief reference to the situation each month.
JA N U A R Y .—Great plethora of loanable funds.
Further large gains in the money holdings and deposits of Clearing
House banks after the noteworthy gains the previous two months. Surplus reserve reaches $59,148,250, the highest point of
the year. Ranks enter into agreement not to lend at less than 2 per cent on call; trust companies accept
per cent. FED—
R U A R Y —Rates continue low; some of the banks loan at less than 2 per cent on call. M ARCH—Large payments for cus
toms duties in anticipation of the new Tariff Law reduce money holdings of banks, but money rates remain low. Ranks nearly
all loan on the Stock Exchange at
per cent. A P R IL —Large Customs payments and gold exports, offset by return flow o f
money from the interior. M A Y —Gold exports, about 9 ^ millions net from the whole country, without effect on money
market.
JUNE—Net gold exports about 6% million dollars.
Call money down to 1 per cent.
JU L Y —Deposits of Clearing
House banks rise to over 609 millions for the first time in their history. AUGUST—Active stock speculation has very
little influence on money rates. Call from South delayed by lateness o f cotton crop. SEPTEMRER—Reviving trade and
crop demand draw down cash holdings; call money advances to 4 per cent. Gold imports begin. OCTORER Return flow
from interior again exceeds outflow, and banks also gain on Treasury operations. Call rate back to V4. Per cent. NOVEMRER—Union Pacific payments begin. DECEMRER—Union Pacific payments and demand for J anuary interest disburse
ments cause advance in money to highest figure of year.
Surplus reserve of banks December 24 only $11,523,450.
High
money rates bring a large return flow o f currency the last week and reserve December 31 increases to $15,788,750.
MONEY
MARKET
WEEK
Ending—
January
9 ..
16..
23..
30..
February 6..
13..
20..
March
27..
6..
13..
20 . .
May
27..
3..
10 ..
17..
24..
1..
June
15..
22 .
29.
5.
April
July
August
8 ..
12 .
19.
26.
3.
10 .
17.
24.
31.
7.
14.
21.
28.
September 4.
18!
25.
2.
9.
16.
23.
30.
November 6.
13.
October
20 .
December
27.
4.
11 .
18.
25.
31
At
At
Banked:
Stock Exch'ge. tru8tCo
NEW
YORK—RATES
IN
TIME LOANS.
CALL LOANS.
1897.
AT
30
days.
60
days.
90
days.
Seven
Six
Five
Four
Months. Months. Months. Months.
1897.
OOMMERCTL PAPER.
Doublename.
1897.
Single-names.
WÉEK
Good
Choice Prime
Ending—
4 to 6
60 to 90 4 to 6
days. Months. Months.
Range. i v ’ge Range. Range. Range. Range. Range. Range. Range. Range.
9
—
313-4
4 —4ia 413—513 a6. .January
9
3 —
3 ia 3133 —
3 —
lia —2
2 —
16
—
3 —
3 —313 313-4 413—5 ■. . .
3 —
2 —
213—
Ha—2
2ia—
1% Ì V - 2*
23
.
.
.
4
—5
313—4
_
—
3
—
3
—3ia
3 —
2 —
2 ia 1 —2
2ia—
1% lia—2*
30*
3 —313 4 —5 . . .
—
3 —
3 —
3 —
3 —
2 —
2ia—
II3—2
213—
lia—2*
3 —
334 "4 4 —5 . . . .February 6
—
—
3 —
3 —
3 —
2 —
112—2
2 ia 1% lia—2*
13
yj4—4 4 —5 . . .
3 —
—
—
3 —
3 —
2 —
213—
1*2—2
2ia-15g lia—2*
26
3 —
3 .*3—4 4 —5 . . .
3 —
3 —
313—
2ia—. 3 —
2ia—
lia —2
1% lia—2* 2 —
27
.
.
.
4
—5
3
—
313—4
3
—
3
—
3133
—
2
—
2
—
112—2
lia—2*
2ia—
158
6
3 —
3I3—4 4 —5 — March
3 —
3 —
313—
212 2 - 2 i a 2ia—
Ila—1% 158 l i a - 2* 2 13
3 —313 313—4 4 —5 . . .
3 ia—
3is—.
3 —
3 —
3 ia lia —2
2ia—
158 lia —2* 2 —
26
.
.
.
4
—5
313—4
313—
3 ia 3 —
3 ia 3 ia 3 —
112—2
2ia—
158 lia —2* 2 —
27
313—4 4 —5 —
31a—
3 ia 313—
3 —
3 —
3ia—
2 —
lia —2
lia—2
2ia—
3
3 % -4 4 —5 — April
313—
3 ia 3133 —
3 ia lia —2
lSg lia —2 2 —
2% 2ia—
16
.
.
.
3%—4
4
—5
3-*2—
3%
3
—
3
ia
3
—
1
5g
3
—
2 lia—2
2 ia 2ia—
112-2
17
3%—4*2 4 —5 . . .
313—
3 —
3133 —
3 —
2 —
212—
114—1 % lia 134—2
2ia—
24
3%—4*2 4 —5 . . .
313—
3 —
3 ia 3 —
3 —
Ibi—2
2 —
2ia—
213—
lia 114—2
1
3% ■4*2 413—513 .. . May
3 —
3133 —
2 —
2ia — 3 —
2ia—
114—lia 138 114—2 2 —
8
.
.
.
413—5
3*4.—3-4i
313—4%
3
—
3133 —
2 —
114—2
2ia—
2ia—
lia 114—2 2 —
1313—3 % 3%—413 413—5 —
114—112 138 114—lia 2 —
3 —
3 ia 3 2 —
213—
212—
3%
4
a
4
413—5
..
.
¡313—3%
3133
3 —
2 —
2ia—
2ia—
1%—113 138 114—lia 2 —
29
3 %—413 413—5 .. .
3 —
3 —
313—
3 —
2 —
2ia—
2i a 114—lia 138 l ^ - l ^ 2 —
_
13 —313 313—4 4 —5 . . . .June
3 —
3 —
3 —
2 —
2i a 2ia—
1 —112 1% 1 —113
12
3 —
3 —313 313—4 4 —413 . . .
3 —
3 r*2 —
2ia—
2ia—
1 —114 Ibi 1 —lia
19
_
3 —3!a 4 —413 . . .
3 —
3 —
3 —
2 —
3 —
2 .—
2ia—
1 —114 118 I —114
26
_
3 —
13 —
3 —313 4 —413 —
3 —
3 —
2 —
2 —
2131 —2 ‘ 11« 1 —2
3
.July
—
4
—4ia
_
3 —
13 —3H 314—4
3 —
2 —
2i a 2 —
2ia—
1 —2
114 lia—2
10
4
—4ia
_
313—4
3
—
|334-3ia
3
—
3
—
2
—
2
—
213—
1 —li« 138 1 —lia
17
.
.
.
_
3 —
3 —
I314-313 313—4 4 —413
2
3 —
2 —
213—
1 —Ibi llg 1 —114
24
_
3 —
1314- 3 % 313-4 4 —4ia ...
2 _
3 —
3 —
2 —
2i a 1 —114 11« 1 —1%
31
_
3%—4 413—5 . . .
9.
_•
I313—
3 — , 3 —
3 —
2ia—
1 —2 ' 11« 1 —
lia —
7
.
August
—
3&*—4
_
—
413—5
3
—
I313—
3
—
2 — >2 —
1 —Ibi 11« 1 —
2i a 14
_
—
!3ia—3% 3 »4—414 4ia—5
31a—
3 ia 2 —2ia 2ia—3 3 —
1 —lia 11« 114—132
21
4%—5
¡3%—4
_
—
4
—413
2 —2ia t3 —
13 -31 3 t3ia— t3ia—
1 —2
138 lia —
28
¡3%:—4 4 —413 4%—5
—
—
3ia—
3 —
3 31321a 114—lia 138 li« —
_
—
13%—4 4 —413 4%—5 . . . .September 4
3 —
3 - 3 i a 3ia—4 3ia—4
2ia—
1 —lia 11*4 114—lia
11
3 %—4 4 —413 4%—5 —
3 —
3 - 3 i a 3ia—4 313—4 313—4
2ia—
—
114—lia 138 114—1
_
413—
18
4 —
—
5 —513 — !
313-4 4 —413 4 —413
3 —
3ia—
II2—2b> 214 2 —2ia
25
_
4%—413 413—5 5 —6
Ì3 ia -4 4 —413 4 —4ia
*3 —
3% 3 —
13 —
2 —4
2
_
—
414—413 413—5 5 —6 . . . .October
413-5 413—5
3 ia—
4 —
3 —
3 —4
21«—4b> 3
9
_
3 —3ia3 —31a 4 —4ia 4 —4ia 4 —4ia *4 —4ia 414—413 413—5 5 —6 __
3 —
2bj—3b) 3
16
413—4
%
...
_
414—413
5
—6
4 - .
4 —
4 —
4 —
3 ^
2 ia—3
2% 3 —
3ia—
23
_
4 —414 4%—5 5 —5ia
4 —
4 —
3 —
3 —
3 ia 2 —2 le 214 213—
3 ia 36
_
—
3%—4 4 —4ia 413—5 ...
313-4 313—4
112—215 2
3 2ia—
3 ia 2 ia—
.November
6
...
_
J
—
4
—4ia
413—5
313—4
3ia—4
3ia—4
3
—
3
—
119,—2b 2
2 —213
2ia—
13
—
313—4ia 413—5 ...
313—
313313—
3 —
1% 2 —2 ia 2ia—
2133 ia lia—2
2
6
3%—413
..
413—5
3ia—
3
—
3
—
3
ia
3 —
2ia—
112—2
1% 2 —2ia 2ia—
27
3 —31314 —
\3 —
3 —
313—
3 —
-3 —
3 —
1% lia —2
2ia—
. lia —2
..December
4
314—4
4
—D
[3
—
3133
—
3ia—
3 —
i- *
2ia—
2ia—
. 151—2
2 ia 178 lia —2
11
[3 —3bj 313—415: 413—515sk.
3133 —
3 —
3 —
3 —
. 1 ^ —2
2ia—
2ia—
1% lia —2
18
3%—4% 41a—5 b ..
I313—
4 — ■4 -4 —
3ia—4 3ia—4 4 —
3 —
2 —4
3ia 3 —
25
—
|3ia—4 4 —4% 41a—5l5 - 4 —
4 —
4 —
4 —
' 2 —5ii 3% 3 - 5
3ia—
3 —
31
4
—5
5
—6
I313—4
3ia—4
I31«—4
3ia—4
3ia—4 '319—4
I3ia—
. 2 - 4 b 3% 3 - 4
* The lower rate was at trust companies; banks, according to agreement, did not, except m few instances, lend at less than 2 per cent.
t In this week quotations at one time were 3® 3^ for 90 days, 3 *a®4 for four and 4'®4 :*2 for five to six months.
3:. t In this week quotations at one time were 3®3 *a per cent for 60 days, 4 per cent for 90 days and 4® 41a per cent for four to six months.
£
THE CHR0 JV10LE.
J a n u a r y 22, 1898.]
165
MONEY MARKET AT NEW YORK—RATES IN 1 8 9 6 .
r
CO
CO
CALL LOANS.
TIME LOANS.
COMMERCIAL PAPER.
1 8 9 6 . ---------------------------1896.
At
At
30
60
90
Four
Five
Six I Seven Double-name.
Single-nam es.
Stock Exch'ge. Banksd days.
days.
days. Months Months Months Months. Choice
WEEK
Trust Co
Choice Prime Prime
Oood
60 to 90 Four
Four
Six
Ending Range. ¡J.v’ge Range. Range. Range. Range.
4 to 6 WEEK
Range. Range. Range. I Range, j days. Months. Months. Months. Months
Ending
Jan. 4. 3 —35 7
6 —
Non inally 6 per cent for all c ates.
6 6
—
6
—7
6 —7 7 —9 Jan. 4.
11. 1 - 8
5
6 -8
6 —
6 —
6 —7 6 - 7
7 —12
11.
18. 2 - 6
4ia 6 —
6 —
6 —
6 —7 6 - 7
7 —12
18.
25. 3 —413 4
6 —
6 —
6
—
6
—7
6
—7
7
—12
25.
Feb. 1. 3 —6
4
6 —
6
—
6 —7 6 —7 7 —9 Feb. 1.
6
—
8. 2ia—8
413 6 —
6 —
6 —
6 —
6 7 —8
8.
15. 213—7
4
5 —6
5135 ia _
I6 —
6 —
6 —
6 —
6 —
6 —
6 —
7 —8
15.
4 „
22. 3 —4
4 —5 4ia—5ia 4ia 6 4ia—6
3ia 4 —
6 —
6
—
6
—
6
—
7
-8
22.
29. 3 —5
4 —
3% 4 —5 4 —
4ia—
4ia—5 4ia—5 5 5 —
5 - 5 i a 513-6 513-6 513—6 6ia—7
29.
Meh. 7. 3 —4
3ia 3ia—4 3 —
3 —
4 —
3ia—
4 —
4 —
4%—5 5 -5 1 3 5 —5ia 5 —5ia 6 —7 Meh. 7.
14. 3 —413 314 4 —
3*2—
4 —
31a—
4 ia 4ia—
5 —513 513—6 513—6 5 ia -6 6 —7
4ia—
14.
21. 2ia—4ia 4
4 —
4 —
4 —
4 —
4ia—
4ia—
413—5 413—5 5 —513 513—6 513—6 5ia—6 6 —7
21.
28. 3 —3ia .SH 3ia—4
4 —
4 —
4 —
413—
4ia—
4ia—5 4 ia -5
513—
513-6 513-6 5ia—6 613—7
28.
Apr. 4. 2 —4ia 3ia 3ia—4 4 —
4 —
4 —
4ia—
4ia—
4ia—5 4 ia -5
513—6 6 —
6 —
6 —
6I3—
Apr. 4.
11. 3 - 4
4 —
4 —
4 —
314 3 ia 4ia—
4ia—
413-5 413—5 513-6 5%—6 6 —
6
—
11.
18. 213—3ia 3
4 —
4 —
4 —
4134ia—
5 - 5I3 5%—5% 513-6 513—6 6 —6I3
413—
18.
25. 213-3
2% 3 —
31a 3 ia 4 —
3 ia 4 —
5 —
4 —
5
—5%
4
ia
i
5
ia
-6
5ia—6
6
—6I3
25
May 2. 2 —3
25« 2ia—3 3 —
3 —
3 —
3 —
4 —
413—4*** 4% -5Ja 5 - 5 ia 5 —513 6 —6ia May 2.
3 ia 3 ia 9. 2 - 4
2% 2ia—3 3 —
3 —
3 —
3 —
413—4% 403-512 5 —5ia 5 —5ia
4 4 —
3 ia 9.
16. 213—3ia 3
3 —
3 —
3 —
413—4% 413—514 5 -51 3 5 -5 1 3 513-6
3 ia 4 —
3 ia 4 —
4ia—
513—6
16.
23. 2 —2ia 23« 2 ia 3 —
3 —
3 —
3134 —
4 —
413—4 % 4ia—534 5 —513 5 —5ia 513—6
4ia23.
30. I V - 2
2 2
2ia—
2 ia 3 —
3 —
3134 —413 4
A —4ia 414—4 % 413—5 413—5 513—6
313—
30.
June 6. lia —2
1% 2 —
3 —
2132 ia 3 —
3 ia 3 ia 4 —413 4 —413 414- 4 % 413-5 413—5 5ia—6 June 6
13. lia —2
1% 2 —
213—
3 —
2ia—
3 —
4 —413 4%—4% 413—5 413-5 5ia—6
3 ia 3134 —4ia <
13.
20. 2 —3
3 —
3 —
3 —
2ia 2 ia 4 —
3 ia 4 —
4 —413 4 ia -5 413—5 413-5 5ia—6
413—
« 20.
27. lia —2
3 —
3 —
1% 2 —
3 ia 4 —
3 ia 4 —
4 —
4 —413 413-5 413—5 413—5 5ia—6
27.
July 4. 2 —4
23a 3 —
3 3 —
3 ia 4 —
3 ia —
A
413—
4 —
412-513 5 —513 5 -51 3 5 ia- 6
July 4.
11. 1 —2
3 —
1% lia —2 3 —
3 ia 3 ia —
A
413—5 5 —5ia 5 —5ia 5 -51 3 513—6
4 —413 4 —4ia
11.
_________ P
18. lia —3
214 2 ia 3 —
3 ia 4 —
3 ia 4ia—
5 —513 5 ia- 6
413—
513-6 513-6 6 —7
18.
25. lia —3
3 ia 2ia 2 ia 4
—
3 ia 5 —
5 —
4 ia 6 —
6 —
5ia—6
513-6
513-6
6
—7
25.
P
Aug. 1. 1 ^ —2 ia 1% 2 —
—
5 5 —
5 —
5ia—6 5 ia -6
513—6 6 —7 6 —7 6 - 7
7 —8 Aug. 1.
P
8. lia —6
SH 3 —
Nominally 6 per cent for all periods.
513—6
6 —7 6 —7 6 - 7
7 —8
K.
15. 2 - 8
6 —
5
6 6 plus a commission.
6 .. 6 - 1 6 8 for very choice, other grades unquotable
15.
22. 3 —6
6
—
.— b + 1 com. for 4 mont is and 6 + 2 com. for 6 months— 4ia
22.
29 3 —15 6
6 —
------------------------ 6 + 2 per cent commission-----------------------.
—10 for best,
29.
Sept. 5. 3 —12 6ia 6 —
'----------6 + 1 commission----------. 1,— 6 + 2 commission— . !
Sept. 5.
12. 4 - 6
5ia 6 —
12.
19. 3 —8
6 —
6
19 —
-9@1019.
26. 3 —6
4% 6 —
7 — I—
-8® 926.
Oct. 3. 3 —6
413 6 —
6ia—7 |7 —7ia|7 —7ia I 7—7ia |8
Oct. 3.
10. 3 —12 613 6 —
■-------- 6 per cent nominal —lenders unwilling to loan-------- . <■
-Nominally 7 to 9 per cent.—
10.
17. 2 —9
6ia 6 —
-------------- 8 @ 10— -----------17.
24. 3 —10 6ia 7 - 8
-------------- 7 @10----------------24.
31. 6 -127 25
12 —
-— Some business at 12 per cent for sixty t o il nety davs— > <■
31.
Nov. 7. 4 —96 15
6 —
---- ---- —6© 7—
•-----Some business at 6 per cent for three to n x months---- , <
6 —
Nov. 7.
14. 3 —5
4
6 —
6 —
6 —
6 —
6ia—7
14.
21. 2ia—4
—
—
3ia 4 —
4 —4ia 4 —4ia 4*2-5 413-5 4ia—5 4
5 - 51a 5 —5ia 5 —513 5ia—61$
21.
28. 1 —3
3 —
3 —
2ia 3 —
313—4 313-4 4 —
—
<
413-5 413—5 4ia—5 5 —6
4 —
28.
2
—
Dec. 5. 1 —3
3
—
214
3 —
3 ia 3134 —
4 —5 4 —5 4 —5 5 —6 Dec. 5.
4
—
12 lia—2
2 —
1% lia—
2ia— f 3 —
3 —
313—4 313—4 3ia—4 413—514
3133 ia 313—* a
12.
19. lia —2
2
—
1%
33*_4i2 3%—4ia 3 %—413 4ia—5ii
3 —
2ia—
3 —
3133ia—
313a
19.
26. l i a - 2
2
2 • 26.
3 —
3 —
3 ia 4 —
4 —
3%—413 3%—412 3 %—413 413—
4 J
31. 1 V -2 * « 2
2 —
3 —
3 —
3ia—
4 —
4 —
4 —
3
4 —4ia 4 —4ia 4 —413 41a—5 ii
31.
MONEY MARKET AT NEW YORK—RATES IN 1 8 9 5 .
1395.
CALL LOANS.
TIME LOANS.
COMMERCIAL PAPER.
1895.
At
At
30
60
90
Four
Ft ve
Six
Sxve'I
Double-nam°.
Single-names.
Banksd
Stock Exch'ge
days.
days. Months. Months Months Months • Choice Choice
WEEK
Trust Co Hays.
Prime Prime
Good WEEK
Dv iv Jv Four
Six
Four
Ending Range. A.v'ge Range.
4 to 6
Range. Range.. Range. Range. Range, Range Range
days. Months Months Months Months Ending
Jan. 5 1
1% II3 --2
2ia3 —
2ia—
-313 3 —3ia
2%—3 3 —3% 3 —3% 3ia—4 4ia—7 Jan. 5.
12 1
2 —
l x4 II3 -- 2
2ia3 —
2ia—
-3ia 3 —3ia
2%—3 3 -3 ia 3 —3ia 3 ia -4 4ia—7
12.
19 1
II3li« 1 --lia lia—
2 —
2 ia 3
2%—3
3 —3i2 3 - 3ia 313-4 4ia—7
19.
26 1
2 lie 1 -- lia 2 —
3 —
3 _
2ia—
3 - 3ia
2
3
43
3
—3
la
313-4
3
31a
4ia—7
26.
Feb. 2 lia —
2
2 - -2ia 2 _
2ia—3 3 —3ia 313—4 4 —
4
4 —
4 -4 ia 4 —4*2 413—5 7 —
Feb. 2.
9 1
3
lia 2 - -2ia 2 —
3 —
3ia—4 4 —4ia 4 -—4ia
-4ia 3 ia—
4 —4ia 4 - 5 4 ia -5 7 —
9.
16 1
1% 2 - -2ia 2 —
3
a3 —31« 4 —4*2 4 —41$ 4 -—4ia
313—
413413-5 5 —513 6 - 8
16.
23 1
114 1 - -2
2 —
3
a 3 —3 oâ 4 —4*2 4 —412 4 -—4ia
3
ia
-4
4ia
—
*
413—5
5
—5ia
6
8
23.
Meh. 2 1
2 —
lia 1 3 — 31 2 3 —3i2 4 —4ia 4 —412 4 —4ia
3%
4 -41 3 4 —413 4!a - 5 513-7 Meh. 2.
9 lia—3
2
-3
3
2 3 —y 19 4 —4*2 4 —412 4 - 4 ia
3%—
413—5 413-5 5 —513 6 —7
9.
16 lia—3
3
214
3
2 3 —3ia 4 —4iâ 4 —413 5 3%—4
4%—5 413-5 5 -513 6 —7
16.
23 llä—3
214 2ia—3
3
2 3 —3 la 4 —4*2 4 —412 4 V -5 '413-5
434—514 5 —5ia 6 —7
4
—
4%—5%
23.
30 2 —3
2ia 3 —3ia
313
312—4 4 —412 4 -41 2 4 - -4ia
4 —
4% —5% 4 % —514 5 —513 6 —7
30.
Apr. 6 2 —3
2ia 2ia—3
312—4 4 —5 4 —5 4 - 5
313
4 —4ia 4%—512 434—51g 5 - 6
6 —7 Apr. 6.
13 2 —3
3
-2ia
2ia
2 3 —3lo 4 —4*2 4 —4ia 4 - -4ia
4 4ia—5 412-5 5 - 5!a 6 —7
13.
20 lia—212 2s.
—
2ia
313—4 4 —412 4 - -4ia
4 413—
41^-5 6 —7
4ia—
20.
_ 3 —3 3 —31« 313-4
27 lia—2
1% Ha—2
4 - 4 ia 4 - -4ia 4 —413 3 ia -3 % 4 - 4 i a 4 —412 413—5 5 - 6
27.
May 4 1 —2
2 —
lia H a 2ia—
3 —
2ia—
3 —3ia 3 - -3ia
3 —
3 ia -4 3%—4 4 —4ia 5 - 6
May 4.
11 1 —lia 1*8 H a 2 —
213—
3 —
2 ia 3 - -313 3 - 3 i a 2%—3 3 - 4
3 —
3 ia -4 4 —413 5 —6
11.
2 _
18 1 —lia 1% 1 —
2 —
3 —
2132ia—
3 3
|2%—
3
—3*2
3
-3
ia
313-4
4
—5
18.
25 1 —lia 1% 1 —lia 2 —
2 —
213—
2 ia 3 3 3 —
213- 2 % 3 —
3
—
4
—5
3
la—4
25.
June 1 1 —lia 1% 1 —
113—2 lia —2 2 —
2 —
2ia2ia—3 2 la—2 34 2%—3% 2%—314 314-313 4 —413 J une 1.
8 . 1 —lia 11« 1 —lia 113—2 lia —2 2 —
2 —
213-3
2ia-234 2%—3% 2%—314 3 —313 4 - 5
I38.
15 1 —lia 11« 1 —
lia—2 lia—2
2ia2ia 3
2 ia—2% 2 34_ 3 i4 2%—314 3 —3ia 4 -413
15.
% 2 2 . 1 —lia 11« 1 lia —2 lia —2 2 —
2 2ia2ia—3
2
ia—2
3
4
2%—
3%
2%—314
3
—313
4
—413
22.
29. 1 —lia 1% 1 —
lia—2 lia —2 2 _
2 —
2132ia—3
2ia 2% 2%—3% 2%—314 3 —3ia 4 -41 3
29.
July 6. 1 —3
2
lia —2 lia—2 2 —
lia —
2 —
2ia2 ia -3
2% 3 —
3 —314 3*4—3% 4 -4 1 3 July 6.
2 _
2 _
13. 1 —lia 1% H a 2*o—
$
2ia—
2% 2
3
3 —
3 -31 4 3 —314 3 *4—3 % 4 —41«
13.
2 _
2 0 . 1 —lia 1% 1 - l i a 2 —
3 £
2 ia 3 3 —
3%—4 314-4 313—4 412—5
20.
27. 1 —lia 114 1 -2 —
2 —
3 —
£
2ia—
3133 —
314-4 314-4 31^—413 413—5
27.
Aug. 3. 1 —lia 11« 1 -234—
2 —
2 —
213—
2
2ia—
3
-3
34-3
3 ia -4 3%—4 4 —413 4 ia—5 Aug. 3.
3 —
1 0 . %—lia 11« 1 -2 —
lia—
2ia—
2ia
2
3 2% 3
%- 3
314—3ig 3%—4% 4 -412 434- 4 % 5 - 6
10.
1
1 -17. %—1
213—
21*3—
2
lia— 12 _
3
-3
%
2%—3
3%—4% 4 —4ia 4%—4 % 5 - 6
3
%—312
17.
2 _
24. 1 -1
1 -lia —
2133
% - 3 23*—3
SVrt
2
313-4 3%—4% 414—
413—
5
6
24.
31 1 -1
1 —
2 —
lia —
2 ia 2 i£ 2
3
% --3
% -3
3ia—3% 334-414 4 —4 i4 4 %—4 % 5 - 6
31.
Sept. 7. 1 -2 _
1 —
2l2 _
9!% - 3 2 % --3 2
1
lia—
2 ia 2 % -3
313-4 3 %—414 413—5 4 %—5% 5ia—7 Sept. 7.
14. 1 —3
lia 1 —
2 —
lia —
2 ia 2 la—
£
3ia 3 - -313 3 - 3I3 3 ia—4 4 —413 4 ia -5 4 %—5% 5ia—7
14.
21 . lia—3
2
lia —213 2 —
3 —
3 —
4 3ia—
A
4 —
413—5 413-5 4%—5% 513—7
21.
28. lia —3
2 —
1% 2 —
213—3 2ia—3 3ia—
£ -4 3 V -4 313- 4
413—4% 413-5 4 ia -5 5 —513 5ia—7
28.
2 _
Oct. 5. lia —2ia 2
2 —
213—3 213—3 3 i2 £ -4 3ia -4 313—4
4ia—5 4 % -5 ia 4%—5*2
—513 513—7 Dot. 5.
12 . 1 —3
214 2 —3
3 —
213—
3 —
4 —
A -4ia 4 - -4ia 4 —413 434—5 5 —512 5 —512 5
514-6 3 —71a
12.
19. 2 —2ia 2% 2 —
3 —
213—
3 —
312-4 A -4ia 4 - -413 4 —413 4 %—5 5 -51 2 5 —sia 514-6
3 —7
19.
26. 2 -2 1 3 21« 2 —
2ia—
3 —
3 —
313—4 4 -4ia 4 - 4ia 4 —413 4%—5 5
5ia 5 —512 514-6
3 —7
26.
Nov. 2 . 2 —213 214 2 —213 2 _,
3 —
S -4 3ia- -4
2ia—
2ia—
4ia—
413—5 413- 5 5 -51 3 3 —
Sov. 2.
9. 2 - 2 i a 21« 2 —
2 —
3 —
£ -4 3 V -4
2ia—
2ia—
413—
4ia—5 413—5 5 —513 3 —
9.
16. lia —2
2
lia—2
2 —
3 S -4 3 V -4
2ia—
2ia—
413—5
4
—4ia
413-5
3
—
5
—513
16.
23. lia —2
1% lia—2 2 —
3 —
s -4 31a- -4
2ia—
213—
3%—4 4 —4ia 4 —4*2 413—5 5 23.
30. lia —213 2
2 —2ia 2 —
213—
3
3 -4 3 V -4
2ia—
3%—4 4 —4ia 4 —4*2 413—5 3 —
30.
Deo. 7. lia—3
2% 213—3
3 —
3 —
2ia—
4 - -413 4
3l a 3
413 4 -41 3 412—434 413—5 413—513 5 —
Dec. 7.
14 lia —2ia 2
2ia—
3 —
3 —
2ia—
4
3
ia
3
4ia
4
—4ia
4
—413
4
ia
-5
413—5
3
—
413—513
14.
2 1 . 1 —100 4
2ia—25 4 —5 4 —5 4 - 5
4
5 4
4 - 5
4ia—
4 ia -5 413-5 5 —513 3 —
21.
28. 3 — 50 10
6 —
6 —
6 —
6 —
S —
6
6 6 —
6 —
6 —
6 —
7 —9
28.
THE CHRONICLE.
166
LVol . LX\ I
MONEY MARKET AT NEW YORK—RATES IN 1 8 9 4 .
COMMERCIAL PAPER.
1894.
Single-names.
Double-name,
60
30
At
At
Oood
Choice Choice 1
WEEK
days.
Stock Exch'ge. ] ïaiiksd days.
4 to 6
Six
60 to 90 Four
mist Go
Ending
Months.
days. Months. M
Range.
Range.
Range.
Range.
Range.
Range. ¿ v'ge Range. Range. Range.
¡5 —5ia Jan. 6.
3 la—-8 % 4 —412
313—4
13.
-6
3*2— 3 — 3 — 33 la—4.
L -41 2
1 —lia lis s —213 2 —
313—
3 - 3ia
—31a
2ia—3
2ia—3
20.
5 -6
2
—
i%—4 la
—213
%—lia 1
313—
2ia—3 3 - 3 ia 3 - 3 i a
2
—
27.
4
%
-6
-21
3
1
lia—
3
-3
1
a
!3%—412
v -ü
3 - 3ia 3 - 3ia 3 —3ia
2 i2i —
4 % - 5ia Feb. 3 2 —
—
3iâ—3% 1 -41 2
la—l i 1
3ia—4 3iâ—4
3 —
10
-2ia 3 —
5 —6
—3
2 —213
i —l^J 1
-31 3 3 —313 L —412
3 —313
3
3
1
2
i
—
17.
2
i
4ia—6
2 —3 2 —
3 -31a 3 % - 4 i
i —l i 1
3
3 —
3 —
24.
2 i413—
513
2 —
3
%
4
i
2 —3
3
-31a
13—lia 1
3
3
3
—
Mch.
3.
413—5ia
2V2 —
2 -3
3% 4I2
13—113 1
3 —4 3 —4
2i —
10 .
2ia—
4
—5ia
2
—2
2
—
3
la—4
1
3 —
3 —
13—l i
3
3
3
—
17.
2
i
4ia—5ia
313—4
2 —3 2 —
3 —
3
Hs—lia 1
3
2i —
24.
2 ia 4ia—5i3
3 ia -4
3 —
1 —lia 1*6 2 —3 2 —
3 —
3
3 —
3 —
31.
2 ia 4ia—5ia
313-4
2 —
3
—
1 —lia Hfl 2 —
3
—
3
3 —
2ia—
Apr.
7.
4ia—5
2ia—
313—4
2
—
2
—3
3 —
1 —lia Hfl
3 —
3
—
3
—
2
i
14.
4ia—5
2 ia 2i a 312—4
3 3 —
. 1 —lia lbs 2 —2 ial 2 —
3 —
3
—
2
i
—
_
2
2
1.
2ia—
4ia—5
3%
31a
3*2—4
2 —
3 —
1 - l i a Ha 2 —
3 —
2ia—
2 i—
28.
2 i4ia—5ia
2 —
2 —
3 — 13%—4
3 —
1 —lia Ha 2 —
3 —
3
—
2
i
May
5.
Four
to
Six
2
ia
313—5ia
2
—
3
3
i
2 —
2%—3
1 —l'a Hfl 2 —
3 —
3 —
3 —
2 i—
12 .
2 —
2 —
lia —
2%—3 3 - 3 i a lonths Ñama 313-5
3 —
1 —lié Ha lia —2
3 —
3
2
i
—
19.
:-i2—4
.
2
—
413—513
-31 2
ins
1
l —
1 -H a 1 —
_ia—3 2i a - 3 2ia—3 2 %—3 3
2 —
26..
2 —
4ia—5ia
313—4
3 - 3 ia
ila
1
—
1 - H a Ha 1 —2
2ia—3 2ia—3 2ia—3 3
2 —
2 —
4i —5ia June 2 .
313—4
3 -3 ia
li—
1 3
—
3
—
1 - H a Hfl lia—2
3
—
2ia—
2
—
9.
4X3—513
2
—
313—
4
3
—
l
i
2%—3
lia—2
1
—
2ia- 3
. 1 - H a 1*6
2ia 3 ,2i - 3
412—
5X2 16.
2 —
lia —
3ia—4
li
lia —2
1 —
2%—3 3 3 —
1 —Ha 1
3 —
2i —
2 —
23.
413—
513
2
—
314—
4
3
l
í
—
1
2343
1
—
3 —
1*8—
1 —
3 —
2ia—
2 —
30.
li—
4ia—5
3ia—4
lia 1
1 3 ia 3 —
lia—
3 —
1 —
3 —
2ia—
2ia—
4ia—5ia July 7 .
2 i3ia—4
2 —
3 -31 2
1
1 —lia 1 —
3 3
—
1 —
3
—
3
—
2i
—
14.
413—513
2 313—4
li—
3 —3 i
1
1 —n 2 1 —
3 —
1 —
3 —
3 2 —
2 —
2*3—
21.
4ia—5
3ia—4
3 -3 ia
1
lla
3 —
1 —lia 1 —
3 —
3
i l —
413—
513
2
i
—
3
—
28.
2 —
4 —4ia
3%—3%
1 ■1 —lia 1 —
lla—
3 —
1 —
3 —
3
2ia
-3
Aug.
4.
414—
513
2
—
3ia—4
314—3%
lla
1
1 —lia 1 .—
l I
3ia
3
413—513
3
—
2i
—
11 .
313—4
lla —2 2 i —
314-334
1
>4 3 —
1 —lia 1 —
3i4—3%
1 1 —
__________
2i
2
3
—
18.
-2i
413—513
4
—4%
314—334
lla
1
3 -31 4
1 —lia 1 —
1. —
3% - 4 3 %—4 3 %—4
25.
3 —
413—513
2 i—
4 —4ia
1
3 - 3 % 314—3%
lia —2
lia 1 —
3 %—4 3 %—4
3i —
3 P'
4ia 413—513 Sept. 1.
la—4 14
2ia—
3 ia -4
1
lia—2
3
-314
lia—
3ia—4
1 3
ia
-4
3i
8.
3 —
I4 —4 i 4 i —513
2i —
1
l'a —2 .lia—
3 —3I3 3I2 -4
1 —
3 - 3ia 3 -3 I3
15.
3 —
4 —413 4I3—513
2 i1
lia —2
3 - 3 i 312—4
lia 1 —
3 - 3ia 3 —3ia
22 .
3 —
4ia—8
2i —
Jia—4
|4
—513
312-4
1
3%—3
i
lia—2
l
i
a
1 313—4 3 i —4
3 —
2 i1
lia —2
3 - 3 i 3ia—4 313—4 4 —4 ia 4ia—7 Oct. 29.
lia —
3 —
2 1 3 —
6.
2 2 —
313-4 3ia—4 3%—4i 4ia—7
1
1 —2
lia—
3 —
4 l —
3 —
3
—
13.
3
—
2%—3 3 -312 3 —3i 3%—4 i 4 ia—7
1
1 —2
Ha—
5 1 —
213—3 2I3 -3 2ia—3 2
20 .
2
—
4ia—7
3
—
3
—4
3
1
i
2
3
i
1
—
lia 3
3 —
3 * —
3 —
27.
2 —
3 —
3 —4 4ia—7
—
lla—
1
2i —23i 3 1 —
0 ia—1
3
2ia—
2ia 2 —
3 —
3 —4 / 4 ia—7 Nov. 3 .
2 —
212—23:t3 1
lia —
i —1
3
7 i —1
3
_
Q
_4
Q
2ia—
10.
2
—
4ia—7
2 —
213—23 3 1
i —ü 1 —
3 13—1
2ia — 2 i 17.
2 —
1
1 —
2%—3 3 - 3 ia 3 —3ia 3ia—4 413—7
1 —
3
—
0 ia—1
3
—
24.
4ia—7
2 i — 2I3—
2%—3 3 -3 1 2 3 —3ia 3 i3—4
1
1 —
lia —
7 L —
3 —
3
—
Dec.
1.
2i
—
4ia—7
3
—
3i
3i
--4
2
i
—
2
i
—
3
-31
3
2%—3
1
1 —
lia —
4 1 —
3
—3ia
3
4
«
8.
2ia—3
4ia—7
2 ia—3
lg 2%—3 3 —3 I2 3 —3i3 3 ia—4
1 i —3
1;l8 1 -1 % 1 *2—2 2ia—3
3 —3ia 3 —3 ia
15.
413—7
3
—3
ial3ia—4
2ia—
2
i
lia—2
3
—3
ia
lia—2
2%—3
8 1 - 1 ^ lia 1 —1%
3 —
22.
2 _
2ia—
2 —
2%—3 3 —313 3 —31331a—4 4 ia—7
5 L —2
lia lia —2 1^2—
3 —3i 3 - 3ia
29.
2i —
2 i—
2%—3 3 -31 2 3 - 3 ial3ia—4 4 ia—7
lia —2 2 i 0 1x>_2
3
_
3
¿|
3
3
i
lia lia —2
3
2ia
2ia
9. lia 2
l 5a lia
TIME LOANS.
CALL LOANS.
1894.
ÂFeb.
Apr.
May
June
July
Aug.
Oct.
Nov.
Dec.
Seven
Six
Five
Months. Months. Months.
MONEY MARKET AT NEW YORK—RATES IN 1 * 9 3 .
TIME LOANS.
CALL LOANS.
1893.
WEEK ENDING—
7 ..
14..
21.,
2 8 .,
February 4 .
11 .
18.
25.
4.
March
11 .
18.
25 .
1.
April
8:
15.
January
22.
29.
6.
13.
May
20.
June
27.
3.
July
17.
24.
1.
At
At
Stock Exch'ge. Banksd
Trust Go
Range. IAv'ge Range.
4 —1
2 la2131 ■
1
lia
2 ■
2ia
3
2
li
1
3
3
3
3
3
4
1
2
2
2
10 .
4I3
3 ia
3
2
213
3ia
4
6
15
9
4
7
5
413
5
5
6
4
3
2ia
213
413
7
9
15
8
15.
22.
August
29.
5.
12.
19.
26 .
September 2 .
October
16’.
23.
30 .
7.
14.
21.
28.
November 4 .
11 .
18.
25.
December 2 .
9.
16 .
23.
30.
3 -7
413
4
4
3
4
3
2ia
2
liliL l 1 1 1 - l i lia
1 - - l i lia
1 - ■ li lia
1 - -lia 1%
1 - - l i 1%
%- -lis ■I
7fl—l i 1 11-8
6
4
4
4
4
4
4
4
6
6
6
6
6
6
5
5
6
—o
—
—
-5
—
-1 5
—
—
—6
—6
-7
o
5
3
4
—
-
6
6
6
6
6
6
6
6
—
—
—
-
—4
—5
6 6 —
6 —
6 6 6 5 -6
4 —5
4 —5
4ia—5
3 -4
3
3 —4
2 -3
2 —
2i —
2 _
2 —
2 —3
I2 —
30
days.
Range. Range.
90
days.
Range. Range. Range. Range.
COMMERCIAL PAPER
1893.
Single
Double-name.
name.
Good
Choi' e
WEEK ENDING—
4 to 6
10 to 9C
Months.
days.
............ January
7
5% —6 6 - 7
S
14
513—6 6 —6ia
5
21
5
I
3—
6
5
—5ia
4
28
4 %—513 5ia—6
4
.February 4
413—5% 513— 6
4
11
5 —5ia 513—6
E
18
513—6 6 —6I3
5
25
513—6 6 —6 i
£
4
.March
for
all
classes,
6 —7
11
( - 7 for all classes,
18
for
all
classes,
f -7
25
( —8 for all classes,
1
.April
i —9 for all classes.
8
£ a—6 6 —7 6I3—8
15
for all classes,
£
22
for all classes,
29
for all classes,
6
.May
for all classes.
£
13
6 i —7
20
—10
6ia—8
27
—10
6I3—8
3
.June
—10
—Ria 7 —9
10
—9
—6i 6ia—7
17
—10
713—8
3 -7
24
-15 f >r all classes.
1
.July
—15 for all clashes.
—15 for all classes.
15
—15 for all classes.
6 6 —
6 —
6 —
5 —
5 —
5 —
5 —
5 —
5 —
4 ia—
413413—
4 —
41a—
4 4 —
4 —
3i 3la 5 —
313—4 4 —413 5 —
5 —
5 —
4I3—
4ia—
5 —513
5
—
5
—
4 la—5
6 —
s 6 —
6 —
6 —
6 —
6 6 —
6 —
6 6 —
6 —
6 —
6
6 6 —
6 —
6 6 —
513—
5ia—
6 —
6 —
6 6 —
5ia—
6 —
6 —
6 —
6 512—
6 —
6 6 6 —
5 ia—
6
—
6
—
6
—
513—
6 —
6 —
6 —
6 6 —
6 — :
6 6 6 6 —
6 —
6 —. 6 —
6 —
6 —
6 —
6 —
6 —
6 —
512—
5I3—
4I2—5 5 —
5 — - 5i —6 512—6
5 —
4 ia—
6 —
6 —
6 —
6 —
6 —
6 —
6 —
6 —
6 —
6 —
6+1 c.* 6+ 2 c.* 6 l- com. 6 1- com. 6+corn. 6+com.
6 +oom.
6
+com.
6
+
com.
S+^alc* 6 + com.
12+ lc.* 6 + com. 6 + com. 6+oom. 6 +com.
6 +com.
6
+com.
_
fi+com. 6 + com. 6 + com.
6 +com.
—
—
6+2 &*
6 + lc .* 6 +liac*
6 +com. 9—6 f lc.* for all classes
6+com.
6 + com. 6+ com. 6+ com.
+ lc.* for all classes
" _
6 + com. 6 + com. 6 + com. 6 f com. 6 +com 9_ 6
6 + ic.* for all classes
6 +com.
'_
6+com.
6 f com. 6 +-com. 6 + com.
12 —15 for all classes.
_
6+ com. 6 + com. 6+ com. 6 +oom 6 +com. 7
—15 for all clashes
6 —
_
6 —*
6 — ! 6 —
6 —
7 —12 for all classes
_
6 —
6 —
6 —
6 —
6 —
12 —
8
8 —
6 —
6 —
6 —
6 —
6 —
5 —9 9 —11
7 %—8
6 —
6 —
6 —
5 —
6 —
5 —
8 -1 2
713—8
7
i
—8
6 —
6 —
6 —
6 —
6 —
6 —
6ia-7 7 — 10 7 —1<>
6 —
6 —
6 —
6 —
6 —
6 —
8 —10
6
—8
5 —6 5 —6 6 —
5 -6
4134 —
412—
5 —6 5 —6 5 —6 5 %—5 ’a 5 % — 6 6ia—7
l'a —
4 —
4 *2—
6 —7
S'a—6!a
5i —
5 —
5 — >> 5 —
4 —
4 ia—
3ia—
—7
4*2 4 —4ia 4ia- 5 H 413—513 5 —5i 513—6 0
3 —3 ia 4 —Ha 4
513—fila
5
—5ia
4 —4ia 4 —41a 4 - 4 ia 5 —5ia 5 —512 4%—5
313—
5
—6
4
—
4%
313—4
313—4
2 X>—
3 —
3 —
3 —
414—4% 5 —6
—
2 —
2i —3 2ia—3 313-4 312—4 4
2 —
5
—6
4
—4
ia
3
i
—4
313—4
2 —
2 —_ 2ia—3 2ia—3 3ia—4
3 - 3H 3 —313 3 i —4 4 —4 ia 5 —6
2 —
2 ia—
2i a 2 —
4 . —413 ¡5 —6
3 ia— 9 3 i —
3 —
2i —
3 2 —
2ia—
6
414—4%|5
3 ^ — ( 3 %—
313—
3 —
2 —2 ^ 2 —2% 3 —
313—3%
14
—4ial5
313—4
1
3i —4
213—
2 —
2i a \2 -
6 —
4 —
4 —
3 la—
3 —
312—4
4 —
In t lese oases the borrower b a i to pay 1
60
days.
Six
Five
Four
Months. Months. Months.
6 —
5 —
4 4 —
3 —
312—4
4 —
4I2—5
6 —
6 —
6 —
6 —
513—
6 —
6 —
5 ia—
513—
6 —
6 —
6 —
4 ia—
22
August
29
5
7
12
.
19
26
September 2
9
16
23
30
..October
7
14
21
.November
28
4
11
18
25
..December 2
9
..
16
23
30
J a n u a r y 22, 1888.]
THE CHRONICLE,
167
and in the better class of British railway stocks, there is prac
tically no business. In home railway stocks there is a ceiv
[From our own correspondent.]
tain amount of investment, which will go on, no doubt, while
the dividends are being paid.
L o n d o n , Saturday, January 8, 1898.
Money has suddenly become exceedingly cheap this week.
The Stock Exchange has not yet recovered from the influence It is calculated that the outside market borrowed from the
o f the holidays. When it reopened on Monday morning Bank of England nearly 10 millions sterling during the month
there was a general inclination to put up prices, but since o f December. This week the interest on the National debt
then there have fleen fluctuations, though the tendency is has been paid out, but it is considerably less than half the
estimate of the borrowings from the Bank. Yet the outside
towards firmness. The attendance o f members is not large, market has been able to repay very large sums to the Bank,
and the general public is holding aloof.
to take up Treasury bills offered by the Chancellor of the
The chief influence just now is the uncertainty respecting Exchequer, and to repay the India Council a considerable
events in China. The general impression here is that there amount that the Council had lent and called in this week.
The explanation, no doubt, is that very large sums were ac
w ill be no serious disagreement among the P ow ers; that cumulated during the last week or so of December for pay
there will not be a partitioning of China, and that after a ing interest and dividends at the beginning of January. And
while apprehension will die away. But until more informa furthermore, that the joint-stock banks have re-lent out the
sums that they called in while making up their balance
tion is vouchsafed to the public nobody is willing to engage sheets,
in new risks. It now seems certain that the Chinese Gov
The expectation is that money will remain cheap for a
ernment has complied with the wishes of Germany, and has couple of weeks. In the quarter that began on New Year’s
given her a lease of Kiao-Chou with a portion o f the sur Day the revenue collections are very much larger than in
rounding country, from which it is generally inferred that any other quarter of the year, and gradually, therefore, very
large sums will be transferred from the other banks to the
Russia was favorable to the German demands, and has used Bank of England, and will increase the control that Bank has
her influence at Pekin to make the Chinese Government been exercising for some months over the outside market.
yield. It seems also certain that our Government put no ob But during January it is hardly probable that the revenue
stacle in the way, as otherwise it would hardly have allowed collections will be large enough to denude the outside market.
For some weeks, then, money is expected to be comparatively
the German ships under Prince Henry to have coaled at cheap and abundant, unless, of course, something entirely
British stations.
unforeseen should occur. What is happening in China is
Just at the moment the keenest interest is felt in the pro likely to prevent Japan from taking gold from this market.
posal made to Lord Salisbury that the British Government Indeed, it is said that she is about to place further large orders
for ships and munitions of war. And even if China should
should guarantee a Chinese loan amounting to 16 millions succeed in raising 16 or 20 millions sterling, the larger part of
sterling. It is known that last summer a similar proposal it would go to Japan and the remainder would probably be
was made to the Prime Minister, and that he then rejected spent in Europe, either upon ships of war or upon railway
it. But it is thought that the new proposal may be accom material. It does not seem probable, therefore, that much
gold will be taken from this market, while, on the other
panied by offers of concessions which may change his mind. hand, it is expected that rates will soon become higher here
Undoubtedly, the city is favorable to the guarantee of such than upon the Continent, and that a fair amount of gold w ill
a loan, but it is extremely improbable that this country will be attracted hither.
The banks of Bengal and Bombay on Thursday raised
guarantee a foreign loan. During the Crimean W ar France
their rates of discount from 9 per cent to 10 per cent. The
and England guaranteed a Turkish loan, and about a dozen reserves of both banks are very small and the demand for
years ago all the European Powers, the United Kingdom moving the crops, especially the rice crop in Burmah and
included, guaranteed an Egyptian loan. But with those two the cotton crop in Bombay, is very large. Nevertheless, the
India Council only sold 13 lacs at Is. 3 13-16d. per rupee on
exceptions the British Government during the lifetime of the Wednesday out o f the 40 lacs offered for tender. The E x
present generation and for a considerable time before has not change banks tried to supply themselves with the means of
given its guaranty to a foreign State. The inducement remittance from other quarters. They did not very com
must be very strong indeed which would make it abandon a pletely succeed, for on Thursday they bought by special con
tract 20 lacs o f transfers, for half of which they paid as
policy so long observed. There are rumors that France is much as Is. 4d. per rupee, the price at which the Indian treas
about to occupy Hainan. But the rumors are not believed, uries are ready to exchange rupees for gold. For all that, it
firstly, because it is known, or at all events, it is generally is not expected that gold will be sent out to the Indian
believed, that Russia, like our own country, wishes to pre Treasuries at present. It may go by and by, if the stringency
grows greater and other means of remittance cannot be
vent the partition o f China, and, secondly, because France found. But it will not be sent until the banks have no other
has already received considerable concessions from China.
resources, and even then not much w ill go.
The follow ing return shows the position o f the Bank o f
There is no material change in the condition of things in
Austria-Hungary except that the Hungarian Parliament has England, the Bank rate o f discount, the price of consols,
&c., compared with the last three years:
passed the bill for continuing for another year the customs
18F8
1897.
1896.
18£5
Jan. 6.
arrangements with Austria. Hungary, therefore, has con
Jan. 6.
Jan. 8.
Jan. 9.
£
£
£
£
stitutionally arranged the matter, but there seems no chance C ircu la tion ................................ 28,137,045
26,571,250 26,979,865 25,519,480
9,160,843
fo r a constitutional arrangement in Austria. The state of Public d ep osits..........................
8,063,487
7,227,940
6.213,105
Crete is as bad as ever, and apparently the European Concert 0 her deposits........................... 41,443,070 46,839,007 62,794,637 38,845,839
Governm ent secu rities............ 14,023,036 15,717,867 14,682,555 16,677,309
is as incapable of doing anything as in the past six months. Other s e c u r it ie s ............. . . . . . 84,793,736 32,516,540 26,963,121 21,305,245
19,885,007 24,746,842 36,351,916 25,160,632
Reserve
o f notes and o o in . . . .
The finances of Spain are hopelessly disordered, and there
34,518,092 45,631,811 83,880,112
seems little prospect of improvement, and the unrest in the Coin A bullion, b oth depart’ts. 31,222,053
39 3-16
45
Prop, res erve to liabilities .p.o.
60 7-18
65%
Balkan Peninsula continues; but the public all over Europe is Bank ra te...................... per oent.
3
4
2
2
111 9-16
105%
104%
117%
convinced that the Powers are determined not to allow any Contois, 2% per o e n t .. ... .........
Silver.............................................
26 3-18d.
29%d.
30%d.
27% d.
disturbance of the European peace, and in spite, therefore, Clearing-House retu rn s.. . . . . . . 222,654,000 174,376,000 142,748,009
123,879,000
o f temporary uneasiness there is no real alarm. The general
The rates for money have been as fo llo w s:
impression is that satisfactory assurances w ill be given be
In terest allowed
Open it a r k e t K a te * .
fore long regarding China, that then confidence w ill return
fo r deposits b y
and that business will grow more active.
Trade B ills .
B a n k B ill».
05
D isc ’ t H ’se
London.
J o in t
A t home the home trade is very good, the foreign trade is
«
A t 7 to l i
Tour
S ix
Tour
Three
Three
S ix
Stock
fairly good considering all the circumstances, but the unfor
«1 M onths M onths M on th s M on th s M on th s M on th s B a n ks. Call. D a y s .
tunate conflict in the engineering trade goes on and nobody Dec. 10 3 215-16 2%
2
2U
3%
3% 3%@3%
2%
m
*
can foresee how long it may yet last. It is hardly concealed
..
173 2 15-16 a%
2
3%
3% 3%@8%
2%
2
3
2 16-16
3% 3%@3%
3%
2%
m
I
24 3
that the work people have very nearly exhausted their funds,
2%
2
3
2%
8%
8% 3%@3%
2%
1%
“
31 3
but vigorous appeals are made to all the other trades unions Jan.
g
73
2
2%
3% 3%@3%
3%
2H
2%
1%
for assistance, and it is possible that such pecuniary help may
* 2%@11-16.
be given as may keep the strike going for many weeks.
Messrs. Pixley & A bell write as follows under date o f
In the American department there is absolutely no business Jan. 6 :
Gold—Since our circular of last week there has been a decided faU “
doing:. But while there is no new investment by British iug
off in the demand for gold. There is no difficulty however, in
capitalists in American bonds, there is equal unwillingness placing all open market arrivals at well over the Bank buying price.
The Bank has received £29,000, and £520,000 has been withdrawn to
to sell such bonds by old holders. For shares there is literal day for Monte Video. Arrivals—Bombay, £78,000; Australia, £221,River Plate, £14,000; South Africa, £357,000; West Indies,
ly no demand here at present. There is exceedingly little 000;
£47,000; total, £717,000. Shipments Dec. 81.—Bombay, £82,500;
Calcutta,
£15,000; total, £97,500.
doing likewise in South African and Western Australian
Silver—The market has declined to 263i«d., but to-day shows a slight
mines, and, indeed, except in first-class securities like Consols recovery at 26%d. The Bombay price is Rs. 68*9 per 100 tolahs. A r-
THE CHRONICLE.
168
rivals—New York, £220,000; West; Indies. £50,000; total, £270,000Shipments—Bombay, £140,000; Hons; Kong, £25,000; Shanghai*
£12,500 ; Calcutta, £37,600; total, £215,100.
Mexican DoUars—Little has been doing in these coin for some days.
Shipments-Penang, £31,539; Singapore, £6,677; Hong^Kong, £18,5 27; total, £56,743.
The quotations for bullion are reported as follows:
Jan.
6.
Gold.
London Standard.
Bar gold, fin e....oz.
Bar gold,parting.oz.
U .S . gold coin ...oz.
Germ’n gold ooiu.oz.
French gold ooin.oz.
Japanese yen..........
Dec.
30.
Jan.
6.
Si l v e r .
London Standard.
Dec.
30.
FOREIGN IMPORTS AT NEW YORK.
For week.
$2,422,030
4,119,189
$2,672,915
8,168,086
T o t a l........
Since Jan. 1.
Dry goods.......
Gen’l mer’dise
$6,571,219
$10,841,001
$4,812,182
11,437,373
$4,687,188
15,920,735
$4,009,966
7,860,280
$9,330,139 $11,870,246
$6,215.059
14,053,046
$7,962,503
13,558,384
EXPORTS PROM NEW PORK POR THE WEEK.
Dec. 17.
Dec. 24.
Dec. 31.
1895.
$8,076,167
9,538,642
$9,092,204
8,792,649
$9,569.867
7,989,491
For the week..
Prev. reported
1896.
1897.
1898.
$9,788,484
7,616,723
Bank Open Bank Open Bank Open Bank Open Total 2 weeks.. $17,559,358 $17,884,853 $17,614,809 $17.405,207
Bate Market Bate. Market Bate. Market Bate. Market
The following table shows the exports and imports of
2
2
2
2
2
2
2
2
specie at the port of New York for the week ending Janu
4
5
5
5
416
5
s%
S%
ary 15 and since January 1, 1898, and for the corresponding
5
m
5
5
416
6
316
SH
periods in 1897 and 1896.
5
m
5
6
SH
m
5
3H
EXPORTS AND IMPORTS. OP SPECIE AT NEW YORK.
3
216
8
3
3
216
2H
2X
3
216
8
216
3
3
2%
2
Imports.
Exports.
4
4
4
4
4
4
4
SH
Qold
5
5
0
Since Jan. 1.
6
0
Week.
5
0
Since Jan. 1.
0
Week.
4
5
5
6
5
6
4
6
5
6
4
5
4
5
5
5
The follow ing shows the imports o f cereal produce into
the United Kingdom during the first eighteen weeks of the
pew season compared with previous seasons:
South America.......
1897-8.
1896-7.
1895-6.
1894-5.
Im portsof wheat,owt.22,672,550 25,064,130 24,766,260 23,396,446
Barley.......................... 8,636,094 11,086,070 11,069,770 12,706,994
O ats............................. 5,447,820 7,551,270 5,185,440 5,498,577
P e a s........................
1,011,070
1,541,365 1,116,620
999,628
1,232,830 1,432,830 1,706,824
Beans........................... 1,202,480
Indian corn..................15,520,660 21,439,400 14,760,680 7,959,214
F lo u r........................... 6,825,100 8,083,430
6,866,400 7,107,040
Supplies available for consumption (exclusive o f stocks on
September 1):
1897-8.
1896-7.
1895-6.
1894-5.
Wheat Imported, owt.22,672,550 25,064,130 24,766,260 23,396,446
Imports of flour........ 6,825,100 8,083,430 6,866,400 7,107,040
¿ales of home-grown. 10,824,297 10,191,314 5,421,621 7,766,395
Total.....................40,321,947 43,338,874 37,054,281 38,269,881
1897-8.
1896-7.
1895-6.
1894-5.
▲ver.prioewheat,week.24s. 6d.
30s. 6d.
25s. 2d.
20s. 53.
Average price, season..33s. 5d. 28s. l i d .
24s. 7d.
19s. 7d
||The following shows the quantities of wheat, flour and'
maize afloat to the United Kingdom :
This week. Last week.
Wheat..............qrs... .2,340,000 2,275,000
H our, equal to q r s ... .. 455,000 470,000
M aize.... . . . . . . qrs... ,. 730.000 690.000
1897.
2,425,000
335.000
870.000
1896.
2,030,000
391.000
682.000
E n g lisli F in a n c ia l M a rk ets—Per Cable.
F The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Jan. 21
Mon.
265s
Silver, per ounce.......d. 26%
Consols., new, 2% p.cts. 112islfi 11213,«
For accou nt............... 11215,g 112V51f
Fr’oh rentes (inParis) fr. 03-17% 03*22%
1338
Atoh. Top. & Santa Fe. 1338
31%
Do
do
pref. 3158
89%
Canadian Pacific.......... 8978
23%
Chesapeake & Ohio....... 23
98%
Ohio. Milw. <te St. Paul, 98%
48%
Denv. & Rio G r.,pref.. 48%
Erie, com m on............... 1538
15%
39
1st preferred............. 39%
Illinois Central........ . 109% 109%
184
Lake Shore.................... 184
583s
Lordsvilie & Nashville. 58%
69
69
Mexican Central, 4s
13
Mo. Kan. & Tex., com,. 13%
115
N. Y. Cent’l <&Hudson. 116
16%
N. Y. Ontario & West’r 16%
48%
Norfolk & West’.n, pref 493s
26
Northern Pacific, com .. 2538
65%
65%
Preferred...................
60
Pennsylvania............... 60
1138
Phila. & Read., per sh. 11%
26
Phil. & Read., 1st pref 26%
Phil. & Read., 2d pref 14% ! 13%
938 1 938
South’ n Railway, com.
Preferred............
32% ! 32%
323s
31%
Union Pacific___, . . . .
Wabash, preferred
19% 1 1938
Tues.
Wed.
263s
26%
112Ule 1129ift
11213,6 112Uie
10315 10315
133s
13%
30%
31%
90%
90%
22%
22%
983s
97%
48%
48%
15%
15%
38%
39%
109% 109%
185
185
58%
58%
68%
69
13
13%
116
117
16
16%
48%
48%
27
27%
66
6638
59%
59%
113s
11%
26
26%
13%
14%
9%
9%
32
32
323s
31%
195s
19%
„ (S t o m m e t fc t a la u d
Thurs.
Silver.
Expo r ts
26%
2638
1121% 11211,6
1121516 11213,«
03-02% 0302%
13%
13
30%
31%
92%
91%
2234
225s
983s
97%
49%
49%
153a
15
39%
38%
110
109%
185
583s
57%
68%
68%
13%
13
116% 115%
16%
17%
49%
48%
28%
28%
66%
67%
59%
595s
llSg
11%
26
25%
13%
13%
9%
9
32
31%
32%
32%
19%
18%
I^ e w s
fo r the
6,700
6,700
” 9,305
3,561
18,523
4,476
W
e e k . —The
Since Jan.1.
Week.
$838,015
Great Britain..........
1,863
35,550
South America.......
All other countries.
35,550
$873,565 $1,747,978
1,437,544
813,000
2,189,976
884.047
Total 1898........
Total 1897........
Total 1896........
$228,865 $1,045,768
11,672
143,738
4,890,480
4,728,561
Imports.
Week.
Since Jan. 1.
$1,651,565
59,000
West Indies.............
$1,586
29,576
29,888
$21,000
100
25,798
88,060
78,469
721
$61,050
45,809
25,5001
$214,148
77,089
79,222
Of the above imports for the week in 1893 $6,514 were
American gold coin and $5 American silver coin. Of the
exports during the same time $12,700 were American gold
Breadstuff's F ig u r é s B r o u g h t F r o m P a ge 1 9 7 .—The
statements below are prepared by us from the figures o f the
New York Produce Exchange. The receipts at Western lake
and river ports for the week ending Jan. 15, and since Aug.
1, for each o f the last three years, have been as follows:
Fri.
following are
he imports at New York for the week ending for dry goods
January 13 and for the week ending for general merchandise
January 14 also totals since the beginning of the first week
-InJanuary.
.
and
$539,340
$546,010
$524,040
98,900
62,100
7,475,537
2,426,612
Exports.
Total 1898........
Total 1897........
Total 1896........
Receipts at—
Sat.
L ondon.
$517,340
All other countries.
IMPORTS.
$194,086
482,500
69
15,804
7,712
41,121
4,476
$193,000
Germany............... .
West In dies............
rJlMPORTS
1895
$3,031,983
6,298,156
Total 2 weeks.. $16,249,555 $20,607,923 $20,268,105 $21,520.887
d.
d.
d.
Bar silver, fine... oz. 26% 265$
0
The imports o f dry goods for one week later w ill be found
0% Bar silver, contain’g
in our report of the dry goods trade.
do 5 grs. gold.oz. 26% 27*8
6%
2
6
l5
18
The following is a statement of the exports (exclusive of
do 4 grs. gold.oz. 26%e
3%
do 3 grs. gold.oz. 263s 26%
specie) from the port of New York to foreign ports for the
3%
Cake silver......... oz. 2838 2834
week ending January 17 and from January 1 to date :
26%
Mexican dollars.oz. 26
s. d. s.
771014 78
77 10% 78
76 5 76
76 3% 76
76 3% 76
76 5%
Jan. 7.
Paris.................
Berlin...............
H a m b u rg.. . . .
F rankfort........
A m sterd a m ....
Brussels..........
V ien n a ...........
St. Petersburg.
M adrid.............
O openhagen...
1896.
1897.
1898.
Dry g o o d s .....
Gen’l mer’dise
The Bank rate of disoount and open market rates at the
chief Continental cities have been as follows:
Bates ol
Interest at
[V ol . L X V I,
Bye.
Oats.
Barley.
Wheat. ■ Corn.
Flour.
Bbls.lQQlbs Bush.QOlbs Bush.bGlbs Bush.S2lbs BushA8lbs Bu. 58 lbs
81,102
52,950
Chicago........
M ilw aukee..
D u lu th ........
Minneapolis-
5,181
794
4,050
17,520
24,195
7,7û0
D e tro it........
C levelan d ...
St. L o u is . ..
P e o ria ..........
Kansas City.
Tot.wk.’98.
game wk.’97.
Same wk.’90.
Since Aug. 1.
1897-98..........
1890-97..........
1895-90..........
193,792
147,788
157,156
265,594
122,115
314,413
1,384,230
67,644
38,191
52,252
74,358
3,600
196,500
2,194,174
185,250
08,915
86,440
298,904
43,076
179,788
954,205
253,550
412/00
1,835,703
232,000
117,234
333,120
77,990
45,898
10,091
185,U65
108,350
43,000
347,203
195,510
6,135
1,100
40,520
20,010
18,525
3,307
33,599
30,750
38,500
15,400
1,800
2,518,927
1,055,055
2,709,662
4.076,302
2,080,737
4,212,740
2,988,452
2,118,652
2,582,426
642,623
006.760
699,681
201,736
132,005
39,388
5,390,358 153,875,653 124,414,173 101,015,277 23,973,879 7,121,012
0,510,712 112,194,998 80,921,380 93,645,575 25,747,486 4,893,150
6.331,963 13T.626.8S9 60,885.914 74,371,874 25,084,048 2,307.333
The reoeipts of flour and grain at the seaboard ports for the
week ended Jan. 15, 1898, follows:
Beceipts at—
New Y ork .............
M on treal.............
Philadelphia . . . . . .. .
Baltimore . . . . . . . .. .
R ic h m o n d ...... .
New Orleans*....
Newport N ew s...
N orfolk................
G alveston............
C harleston..........
...
St. John, N. B. .. .. .
Flour,
bbls.
6,584
78,013
71,999
2,670
8,147
8,357
7.85?
8,*93
5.462
Wheat,
bush.
Corn.
bush.
228,475
450,350
72,503
74,144
30,300
5 *.791
492,590
322,991 1,264,426
7.058
'¿,444
136,575
448,998
16,000
313,000
402,001
87.713
85,800
183,600
25,0 )0
161.201
39,085
22,489
Oats,
bush.
817,200
625,003
194,100
317, 25
242,621
12.964
41,910
Barley.
bush.
53,025
33,168
1,430
21,000
5,000
Bye,
bush.
115,060
533
9,330
iS 4 ,9 8 8
'¿3,000
5,000
227.252
80,961
T otal w eek.... ... 401.809 1,104,243 3,758,950 2.605.286
949,490
393,310 4,019,477
Week 1897........... .. . 312,845
8,477
115.123
85,777
311,303
41,587
•Receipts do not Include grain passing through New Orleans to r torelgu
ports on through bills o f lading.
THE CHRONICLE.
J a n u a r y 22, 18S8.]
Total receipts at ports from Jan. 1 to Jan. 15 compare as
follows for four years:
Receipts of—
F lo u r ...................
1893.
706,763
1897.
593,114
1896.
557,673
W h ea t................
C orn .....................
Oats ..................
Barley..................
R ye ......................
“
“
“
3.004,668
7.643.068
5,618,049
267,726
707,959
1,030.991
7,434,876
1,972,633
295,031
148,692
796.015
3,193,768
1,3« 10,969
192,283
16,439
333,316
907,285
* 1,113,832
177,733
15,727
••
17,309,370
10,830,233
5,499,444
2,546,913
,
,
.
Total grain.. .
1895.
473,242
The exports from the several seaboard ports for the week
ending Jan. 15, 1898, are shown in the annexed statement:
W hea t ,
Corn,
bush.
Exports from-— bush.
497,330
New York
32.389
Portland . . . . 161,201
Philadelphia.. 130,794
Baltimore. ... 741.173
New Orleans.. 128,600
N orfolk...........
Newp’rt News 16,000
St. John, N. B 22,489
G a lveston .. ..
70,100
Mobile............
Charleston ...
25,000
577,896
180,232
39,615
172,372
1,329,509
20«‘,547
402,000
313,000
208,483
87,713
Total w’k.. .11,8?5,326 3,511,337
927,314 4,425,016
F lou r,
bbls.
104,995
14.560
3.893
6,634
78,709
11,131
oats,
bush.
30S.<’6S
«8,383
227,252
40,000
259,890
509
R ye,
bush.
P eas,
bu sb.
240,293
5,967
33,177
43,649
85,001
80,961
43,000
8,477
25,132
312,990 1,010,054
294,587 443,887
376,771
145,386
107,935
25,114
5.462
1,092
8.357
7,957
181,326
16,687
198,013
6Ì5.Q57
The destination o f these exports for the week and since
September 1, 1897, is as below.
Exports for
week and since
Sept. 1 to—
.---------- Mow.----------i «— ----- Wheat.---------, ,-------— Corn.--------—>
Week Since Sept. Week Since Sept. Week Since Sept.
Jan. 15. 1,1897.
Jan. 15. 1, 1897.
Jan. 15. 1, 1897.
bbls.
bush.
bash.
bush.
bush.
United Kingdom 156,891
15.177
Continent...........
S A C . Am erioa..
W est Indies..
BMt. N. A . Col’s.
Other countries..
T otal
....
T otal 1886-7........
798,816 32,814.884 1,033,219 30,789.947
840,106 26,568.603 2,341,128 33,114,966
..........
856,864
6,31»
89,555
...........
1,375
34,119
711,381
300
300
............
211,010
185,775
437,049
»7,552
169,381
5,749,616 1,825,326 60,679,075 3,511,337 65,0W
6 240
5,403,462
927,214 28,007,659 4,425,046 57,685,403
The visible supply o f grain, comprising the stocks in
granary at the principal points o f accumulation at lake and
seaboard ports, Jan. 15, 1898, was as follows:
Wheat.
bush.
In store at—
New York...............
Do
a floa t....
A lb a n y ...................
Buffalo .................. ... 1,433.000
Do
a floa t...
C h ica g o ..................
Do
a flo a t.. .
M ilwaukee.............
Do
a flo a t...
D u lu th...................
Do
a flo a t...
303,000
T o led o .........................
Do
afloat..........
...........
D e tro it........................
140,000
Do
afloat.....................
O s w eg r..................
6,000
8t Louis..................... 2,477,000
Do
afloat..........
... . . . .
Oinolnnatl...................
6,000
B oston.........................
238,000
T oronto.......................
59.000
M ontreal.....................
101.000
Philadelphia..............
641,000
4,000
P eoria...............
Indianapolis...............
62,000
855,000
Kansas - i t ? ................
B a'tim ore.............
1,040,000
Minneapolis.................l3,381.ooo
On Mississippi R iyer.
80,000
On Lakes....................................
On canal and r iv e r ................... .
Total Jan. 15,1898.37,848,000
Total Jan. 8.1898.38.863,000
Total Jan. 16, 1897.62.459 000
Total Jan. 18,1896 67,9»8,000
Total Jan. 19.1895.85,580,000
Corn,
bush
4,402,000
546.000
1,271,000
42,000
Rye.
bush,
Bar'en,
busa.
148,000
15,391,000
4,933,000
122,000
180,000
1,832,000
1,131,000
132,000
93,000
50.000
84.000
612.000
89.000
24.000
796.000
93.000
34.000
1,522,000
1,092,000
ban k s
.
Bid. A sk,
F o u r t h ....... 180
G a lla tin ....... 300
Oanaevoort*.
175
325
245
105
180
300
140
212
295
3400
150
160
195
320
105
100.000
504.000
£67,000
25.000
959.000
532.000
701.000
489,000
41,000
"78,000
"8,000
”24,000
9,000
101,000
45.000
4.000
50,’ÓÒÓ’
4,198,900
211.000
924.000
62,000
1.056.000
808.000
121,000
513,000
1.237.000
1.252.000
54,000
165.000
‘c4.obV
1.000
26.000
' 67,000
901.000
14.000
508.000
648.000
104.000
63.000
65.000
518.000
3,303,000
24,0Gt
33,000
" 3.OOO
*36,000
94,000
434.000
138.000
73,000
4.151.000
4.100.000
3.443.000
1.554.000
448,000
3.582.000
4,070,o<'0
3.877.000
3.426.UL0
2.316.000
46,000
41.134.000
39.518.000
21.523.000
7,674,000
12.278.000
Bank Stock L ist—Latest prices.
Am erioa........ 350
A m . E x c h ... 170
A stor Place* 220
B ow ery*....... 300
B roadw ay.... 230
B u tch . &T)r..
C entral......... 165
C hase............
Chatham....... 285
C h em ical___ 4000
C ity ................ 700
Citizens’ ....... 135
C olum bia___ 150
C om m erce... 207
C on tin en tal. 127
Corn E x c h ... 285
E ast R iv e r .. 135
11th W a r d .. 220
F ifth A v e ___ 2900
F ifth *............ 225
F irst.............. 3000
F irstN .. S. 1. 125
Oats
bush
3,9i8,000
276,000
130.000
3,013,000
BANKS.
G arfield...
[Germ an A m .
German D s .
G erm a n ia ....
G reenw ich ...
H a n over..
H id e & L .* ..
H u d . R iver
Im .& T ra d ’rs
Irv in g ...........
Leather M is’
L ib e rty * .. . . .
L in co ln .........
M anhattan...
M a rk e ts Fui
M echanics’ . .
M ’ch s’ & T rs’
M ercantile...
M erchant.’ ..
M erch’t- E x .
M etropol’s ...
M t. M o rris..
N assau . . ... .
N . A m s’ dam.
N ew Y o r k ...
M Y . Oo’ n ty
15.063.000
14.310.000
13.621.000
6.615.000
8.424.000
*N ot Listed.
Bid. Ask.
700
118
276
300
165
370
90
155
525
145
170
130
775
230
225
185
110
168
146
115
440
100
150
240
235
700
95
550*
I 8O'
250
250
200
120
155
245
BANKS.
N .Y .N a t .E x
N inth............
19th W ard ..
N . A m erica.
Oriental.......
P a c ific . . . . . .
P ark..........
People’s .......
P h e n ix ......
Plaza*...... .
P ro d .E x .* ...
R e p u b lic ....
Seaboard___
S e co n d . . . . . .
S e v e n th ,...
Shoe & L e’th
S tateof N .Y .
T hird............
Tradesm ’n’ s.
12th W ard*.
U n io n ______
U nion S q .*..
U n’d States.
Y ork vilie*...
W estern .......
West. S ide.
B id. A sk.
80
90
100
135
140
180
263
200
90
185
116
155
174
450
105
»8
110
10
105
125
226
170
210
170
140
275
190
275
100
122
170
115
103
115
30
140
190*
160
Miscellaneous Bonds :
„ M is c e lla n e o u s B o n d s.
_ M is c e lla n e o u s B o n d s .
Oh. Jun. & S. Yds.—Col.t.g.,5s
Jeff. & Clear. C. & 1 . 1st g. 5s
ColoradoC. & 1. 1st cons. os,g. *98 b.
2d g. 5s ..................................
Colorado Fuel & I.—Gen. 5s.
Manhat. Beach H . & L. g. 4s.
Columbus Gas—1st, g., 5 s___
M etropol. T el. & Tel. 1st 5 s..
Commercial Cable—1st g. 4 s. *106 b. M ich .-P tnln. Car 1st 5s . . . . .
Cons.Gas Co.,Chic.—1st gu.5s *103 igb. M utual U nion T eleg.—6s, g ..
De Bardeleben C. & I .—g. 6s. * 81 b. N at. Starch M fg. 1st 6s ......... 105 b.
Det. Gas con. 1st 6...................
96 a. N . Y. & N . J. Telep. gen. 5s..
Edison E lec. 111. Co.—1st 5 s.. *112 b. N orthw estern T elegraph—7s
Do o f B klyn., 1st 5s..
P eople’ s Gas & C. » 1st g. 6s.
E quit. G.-L., N . Y .,cons.g. 5s.
Co., C h ica go.___ Ì 2d g. 6s. *108 b.
E quitable G. & F.—1st 6s . . . .
1st cons. g. 6s.................
11912 a
E rie Teleg, & Telep. 6 s, g . .. * 9734b. South Yuba W ater—Con. 6s.
Galveston W h a rf Co.—1st 5s. 100 b. Standard R op e & T.—In c. 5s. * ïl»a b .
H enderson B ridge—1st g. 6s. f112iab. Sunday Creek Coal 1st g. 6s.
Illin ois Steel deb. 5s
W estern U nion Teleg.—7 s ... 105
Nnn-onuv
haT> Hr
_____________________________________________
W estern Gas coU. tr. 5 s___ _ *102
N o x * .—'*«,"in d icatesp rice oidi “ c i p r i o # asked. * L atest p rioe th is w eek
169
City R ailroad Securities.—Brokers’ Quotations.
Bid.
Atlan. A ve., B ’klyn
Con. 5s, g „ 1 9 3 1 . .A & O
Im pt. 5s, g., 1934. J& J
B l’ eck. St.& F ul F .—Stk.
ls tm o r t.,7 s , 1900. J& J
B ’.way &7th A v e .—S tock
lstm o rt.,5 s, 1904. J& D
2d m ort., 5s, 1914.J& J
B ’ way 1st, 5 s, guar. 1924
2d 5s, int. as rent’l.i9 0 5
Consol. 5s, 1 9 4 3 ..J & D
M et. S t.R y..gen . 5s, ’ 97
B rooklyn C ity—S to c k ...
Consol. 5s, 1 94 1 .. J& J
B klyn.C rosst’n 5s.l908
B kl’nQ’ns C o.& S u b.lst
B kl’n C.& N ew t’ wn—Stk
5s, 1 9 3 9 .......................
B rooklyn R apid Transit.
5s, 1945.................A & O
Central C rosstown—Stk.
1st M ..6s, 1 92 2 ..M & N
Cen. Pk.N .& E .R iv .—Stk
Consol. 7s» 1 9 0 2 ...J& D
Colum bus & 9th A v e . 6 s.
Christ’ p’r& 10th St.—Stk
1st m ort., 1 8 9 8 ...A & O
$100
77
31
106
206
106
$111
$117
$106
122is
116
204
115
106
105
160
113
39ia
94 84
195
$122
175
118
122
155
102
Ask.
B id. A sk.
D. D. E . B. & B at’y —Stk.
1st, gold, 5s, 1932. J& D
S c r ip ......................
E ighth A ven u e—S to c k ..
Scrip, 6s, 1914................
42d & Gr. St. Fer.—Stock
42d St. Man. & St. N. A v .
1st m ort. 6s, 1910.M &S
2d mort. incom e 6s. J & J
K ings Co. T rac.—S to c k ..
L ex. A v e .& P a v.F erry 5s
M etropolitan St. R y.-S tk
N assau E lec, 5s, 1 9 4 4 ...
N .Y .& Q u een sC o.5 s.l94 6
S tein w ay lst 6s.’ 22 J & J
N inth A ven u e—S to c k ...
Second A ven u e—S tock..
116
lstm ort.,5 s,1 90 9 .M & N
40
Debenture5s,1909.J& J
95
Sixth A ven u e—S tock___
-.T- T hird A venu e—S to c k . . .
l8 tm ort..5s, 1937..J& J
180
28th&29th St. 1st 58,1996
117
T w enty-T hird St.—Stock
Deb. 5s, 1903...................
160
U nion R y —S tock ....... .
104
1st 5s, 1942____ . . . . . .
W estch est’r, 1st, gu.,5s
175
115
$100*3
325
105
325
53
118
90
461«
123
143
102
103
80
33
108
212
110
1121a
118
107
123
I I 6 I4
205
117
108
107
117
101's
107
350
54
118
91
48
123 ia
144
103
115 Î Ï 7
180 200
150 ISO's
IO8 I3 110
106
190 200
175 176
123 124
106
300
103
175 200
$110 112
$106
$ A nd aocrued Interest.
Gas Securities.—Brokers’ Quotations.
Bid. Ask.
G A S C O M P A N IE S .
B ’ klyn U nion Gas—Stock.
B o n d s ................. ..............
C e n t r a l.......... ............ ......
Consum ers’ (J e rse yC ity ).
B onds .............................
Jersey City & H ob ok en ...
M etropolitan—B onds.. . . . .
M utual (N. Y.) .................
N. Y. & East R iv . 1st 5s..
P re fe rre d ....... ....... ........
Com m on............ ...............
Consol. 5s.....................
121
G A S C O M P A N IE S .
Bid. A sk
123
P eople’ s (Jersey C itv i__
113 <4
W illiam sburg 1st 6s.........
205
F ulton M u nicipa1 6s ........
80
77
E q u ita b le ............. ............
102 »a 104
Bonds, 6 s, 1899 .............
185 195
St. P a u l................................
105
Bonds, 5s. ......................
315 325’ Standard p re f......................
I l l ' s 112 >2 C om m on............................
98 104
W estern G as......................
77
79
Bonds, 5s...........................
105 ; 107
160
104
105
215
103
40
75
153
140
86
103
170
220
105
46
80
157
143
87
104
New York City, Boston and P hiladelph ia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
House banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non
member banks, which will be found separately reported on
the third page following.
Ba n e s .
C a pita l A
S u rp lu s.
Loans.
Specie.
Legáis.
N. Y J
$
$
$
$
Dec. 24.
31..
Jan. 8.,
“ 15.,
B o s .”
Dec. 31..
Jan. 8..
15..
P h lla . *
Deo. 31..
Jan. 8..
15..
133.253.5
133.253.5
133.253.5
132.253.5
610,606,3
607.781.6
609,776,9
610.992.6
1044037
1047307
1065885
1086390
63.393.8 181.764.0 11.754.0
63.393.8 182.927.0 11.909.0
63.393.8 181.271.0 12.139.0
35.388.0 113.558.0
35.388.0 114.706.0
35.388.0 114.551.0
74,402,9
79.824.1
87.074.2
90,233,0
D eposits .i Oire’ l’n.
Clearing«,
$
669,132,6
675,064.2
685,592,5
691,612,9
$~
629.611.1
739.857.2
10428974
891.167.3
8.693.0 183.767.0
8.810.0 187.394.0
8,144,0 186.284.0
125.418.0
127.938.0
129.309.0
38.311.0
39.949.0
41.339.0
, »
15,728,5
15.507.2
15,571,9
15.091.3
5.597.0 106.449,9
5.504.0 135.036.3
5.351.0 113.519.4
6,021,0
6.019.0
6.025.0
60,852,4
92,613,9
74,841,0
A uction Sales.— Among other securities the following, n ot
regularly dealt in at the Board, were recently sold at auction:
By Messrs. B-. Y . Harnett & Co :
Shares.
10 Lawyers’ Title Insurance Co.......................................................... 155
50 Norfolk & Southern RR. Co..................... ..................... . . ......... 62
By Messrs. Adrian H. Muller & Son :
I
Shares.
5 Knickerbocker Tr. Co... 241
80 Ohio Mining & Mfg. Co.c
preferred....................$10 lot. I 5 Chemical Nat’l Bank___4150
13 Market & Fulton Nat’l
i 300 Nat.Broadway Bk.230*2-231*8
lr> Nat’l Park Bank............. 265
B ank..............................230
I 25 Trow Directory Printing
420 Goodyear Shoe Machin’ y
& BookDindlng Co........ 40
Co. $¿5 each ..$39 62*sp. sh.
25 Nassau Trust Co............. 157
100 North Western Ohio Nat.
Bonds.
Gas Co. $60 each ..$45 p. sh. $48,000 Mount Morris Elec
15 Sixth Nat’l Bank............ 275
tric Light Co. 1st 5s, 1940.
42 Americ’n Exchange Nat’l
M&S............................
90-90*2
B ank........................... 169*2 $8,000 Ohio Mining & Mfg.
5 N. Y. Life Ins. & Tr. Co. 1227
Co 1st 5s, 1925. J&J. ...$1,050
$1,500 Newark Gas Co. 1st
47 East Riyer Nat’l B’k ___ 138
6s, 1944. Q - J .................... 131
10 State Bank...................... 115
$500
Metrop. Gas L. Co. 6s,
25 Importers’ & Traders’
Nat’l B a n k ............. 521-525
1901. F& A..................105 & int.
20 U. S. Mort. & Trust C o...275*2 $17,000 W’msburgh Gas-L.
Co. 20-yr.6s,1900.A&0.104&int
10 Central Trust Co..........1402*2
10 Lawyers’ Surety Co........109*2 $200 Colonial Club of N. Y.
2d 5s, 1911, J&J............... 85
100 East’n Elev. Co. of Bull.. 73
$500 Unadilla Yal. Ry. 1st
26 Title Guar. & Trust Co.,
5s, 1933. J&J..................... 65
290*4-290*2
$ 2 ,0 0 0 M id d le to w n U n io n v .
8 National Bank of Com
& Water Gap RR. 5s, 1910.
m erce............................ 209*4
6 Bank of America.......... 353*2
J&D....................................... 85*2
$2,000 Penn Cordage Co. of
1 4 0 Phenix National Bank.. 97
N. J. 1st 6s, 1916................. $550
25 Atlantic Trust Co...........136
40 Peoples’ Tr. Co. of B’klyn251 I $4,000 Staten Isl. Elec. RR.
40 Lincoln Safe Deposit Co. 206 | Co. 1st 5s, 1945. M&N....... 92
______ gatialxxfl and Tiixaactal_______
Spencer Trask & C o.,
BANKERS”
2 7 <fc 2 9 P I N E S T R E E T ,
65 State Street, Albany.
NEW
Y O R K .
__________ IN V E S T M E N T SE C U R IT IE S .__________
George B a r c la y M o ffat.
A l e x a n d e r M. W h i t e , J r
M o f f a t
& W
BANKERS,
N o. 1 NASSAU S T R E E T ,
-
h i t e
NEW
IN V E S T M E N T S E C U R IT IE S
,
Y O R K
THE CHRONICLE,
170
[V ol . LXV I,
The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
the second page following.
Name of Company
R a ilro ad s (S team .-)
Buftalo & Susquelianna (annual)
Oin. Ham. & Day. new pref. (qu.)
Illinois Central.............................
Mobile & Ohio.......................... --Nash. Chat. & 8t. Louis (quar.)..
Pittsburg & Lake Erie................
Portland & Rochester..................
Street R a ilw a y s .
Brooklyn City RR. (quar.).........
Columbus (O.) St. Ry. (quar.)....
I)ry DockE. B. & Bat., N. Y. (qu.)
Fair. Park & Hadd. Pass., P h il..
St. Charles St.,New Orleans (qu )
R an k s.
German American.......................
Hudson R iv e r .............................
P a c ific (q u a r .)....................................
Books closed.
(Bays inclusive.)
When
Per
Cent. Payable.
5
1%
2%
1
1
5
3
Feb.
1
Feb.
8 Jan,
March l|Feb.
Feb. 28:Feb.
1 Jan.
Feb.
lj Jan.
Feb.
Jan. 15 Jan.
29
2
22
26
25
1
to
to
to
to
to
to
Feb. 8
Feb. 20
Feb. 28
Feb. 1
Feb. 1
Jan. 15
15 Jan.
l,Jan.
1 Jan.
lJ a n .
24 Jan.
6
22
22
26
15
to
to
to
to
to
Jan.
Jan.
Jan.
Feb.
Jan.
1%
3
1%
Jan.
Feb.
Feb.
Feb.
Jan.
3
3
2
Feb.
Feb.
Feb.
2%
1
I
14
31
31
1
23
I 1Jan. 24 to Feb. 1
1 Jan. 21 to Feb. 1
1 Jan. 22 to Jan. 31
I
T ru st Com panies.
Feb.
lJ a n . 26 to Jan. 31
2
Hamilton, Brooklyn (quar.).......
— t o --------------'-----Feb.
2
Kings County (quar.)..................
Feb. 1 Jan. 27 to Feb. 1
3
Nassau Brooklyn........................
F ire In su ran ce.
On dem .---------- t o ----------—
5
Phénix.......... ........ - , ....................
Feb.
1 Jan. 18 to Jan. 31
4
Rutgers..........................................
M iscellan eou s.
1 Jan. 25 to Feb. 1
Feb.
2
Chicago Edison (quar.)..............
1%> Feb. 1 Jan. 23 to Feb. 1
Claflin, H. B., 1st pref. (quar.)..
1%S
Do
do 2d pref. (quar,)...
1%? Feb. 15|jan. 29 to Feb. 15
Laclede Gas-L., St. Louis, com..
Do
do
pref.. *3 \
Jan. 10 Jan. 4 to Jan. 10
2
Louisville, Ky., Gas.....................
1 Jan. 26 to Feb. 1
Feb.
2
Municipal Gas, Albany (quar.).
Feb. 6
1 Feb. 15 Jan. 22 to Feb.
National Lead, com .....................
1
Jan. 20 to
1
I
Feb.
4
Pennsylvania Coal (quar.)........ .
Feb. 15 Feb. 1 to Feb. 15
6
P r o cte r* Gamble com— .......
15
Feb.
to
2
Feb.
15
Feb.
2
Pullman’s Palace Car (quar.)...
1 Jan. 21 to Jan. 31
I Feb.
3
Street Ry. & 111. Properties pref
* On account of deferred payments.
Foreign Exchange.—The market for foreign exchange has
been easy on a good supply of bills and a moderate demand.
The volume of business was not large and rates are about
steady.
To-day’s actual rates o f exchange were as follows: Bank
ers sixty days’ sterling, 4 82%@4 82% ; demand, 4 84%<3
4 84% ; cables, 4 85@4 85% ; prime commercial, sixty days,
4 81%@4 82; documentary commercial, sixty days, 4 81%@
4 82; grain, 4 82%@4 82%; cotton for acceptance, 4 82%@
4 8*% ; cotton for payment, 4 81%@4 82.
Posted rates of leading bankers follow :
Sixty days.
January 21.
Demand.
Prime bankers’ sterling bills on London 4 83 @4 83% 4 85%@4 86
4 81%@4 82
Documentary commercial........................ 4 81%@4 82
21% 5 20 @ 5 195ie
Paris bankers’ (francs!.............................. 5 213
40 @40%e 40318'@40%
Amsterdam (guilders) bankers.................
94%@949j8
95 '@95*-g
Frankfort or Bremen (reiohmarks) b’kers
The following were the rates of domestio exchange on
New York at the under-mentioned cities to-day: Savannah,
buying % discount, selling par; Charleston, buying 1-16 dis
count, selling 1-16 premium; New Orleans, bank, par,
commercial $1 00 discount; Chicago, 8nc. per $1,000 pre
mium; St. Louis, 25@30c. per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $69,000 4s, coup., 1925, at 129 to 129%;
$10,000 4s, reg., 1925, at 128%; $9,000 4s, reg., 1907, at 112%
to 113%; $10,000 5s, coup., at 114%, and $5,000 5s, reg., at
113%. The following are closing quotations:
Interest
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
21.
19.
20.
18.
17.
WALL STREET, FRIDAY, JAN. 21, 1 8 9 8 -5 P. M.
Periods. 15.
The Money Market and Financial Situation.—There has 2s,...................... reg. Q. -Mch. '100 *100 100 100
100
100
.- Jan. *112% *112% ' 112% 112 % ' 112 % 113%
been some, falling off in the volume of business this wetk in 4s, 1 9 0 7 ............reg. Q
4s, 1907..........coup. Q .-J a n . *114% *114% '11438, 114% '114% '114%
128%
W all Street. There is no evidence that this is due to the 4s, 19 2 5 ...........reg. Q .-F eb . *x28% *128% '128% 128% '128
129%
1925.......... coup. Q .-F eb. *129% 129% 129% 129% 129
discussions which have taken place in the legislative bodies 4s,
5s, 1 9 0 4 ............reg. Q ,-F eb. *xl3% *113% 113% 113% *113% ‘ 113%
*114%
*114%
'114%
*114%
*114%
114%
at Washington. Confidence in financial circles is not dis 5s, 1904.......... coup. Q .-F eb.
6s, our’cy,’ 99.. .reg. J. & J. *103% *103% *103% '103% *103% *103%
turbed, either at home or abroad, by the readiness with 4s, (Cher.) 1898.reg. March. *103% *103% *103% 103% *103% '103%
103%1*103% *103% *103%
which the United States Senate votes to consider a resolution 4s, (Cher.)1899.reg. March. *103% 1*103%
* TMs is the price bid at the morning board no sale was made.
to pay the Government bonds in either gold or silver; that is
an old question. The desire on the part of some politicians
State and R ailroad Bonds.—Sales of State bonds at the
and journalists to have official action taken which might Board include $10,000 Tennessee settlement 3s at 90 and
result in a rupture of our diplomatic relations with Spain $il,0i 0 Louisiana consol. 4s at 101% to 103.
The market for railway bonds has been generally steady
has also lost force as a disturbing factor. It is well known with a few notable exceptions. The volume of business at
that neither of these measures can possibly get beyond the the Exchange has ranged from $3,408,000 to $4,091,000 par
realm of discussion.
.
, .
. .
A t the Stock Exchange interest has centered largely in value per day, a large proportion of which was in a compara
few issues, including Atchison, Kansas Pacific, North
securities which are affected by the prospective large move- tively
Pacific, Oregon Short Line, Oregon Improvement, Ore
•ynfvnt into the Klondike region in the near future,
in ern
gon Railway
Navigation, Seattle Lake Shore & Eastern,
some cases the advance in such securities has been phenom
enal. Aside from this feature and some erratic changes m Texas & Pacific, Union Pacific and Wisconsin Central bonds.
local transportation stocks, the market has been for the most Seattle Lake Shore & Eastern have continued the upward
noted last week and made a further advance of 16
part dull and weak. Reports of railway earnings reflect movement
highly satisfactory traffic conditions in most cases, and the points. Oregon Improvement consol. 5s advanced 10% points,
bank clearings, which last week showed an increase of nearly and Oregon Short Line, Kansas Pacific, Texas & Pacific and
40 per cent, show this week an increase of 32 6 10 per cent. On Union Pacific Denver & Gulf from about 2% to over 6 points.
the other hand the necessity for a reduction of wages m the Wisconsin Central first trust receipts were most erratic, ad
cotton-manufacturing towns of New England is most unfor vancing from 36% to 47%, and closing at 45 on large trans
tunate and shows that the apparent general prosperity is actions, accompanied with rumors of possible closer rela
tions with the Northern Pacific.
not so universal as could be desired.
The money market has continued to grow easier.
R ailroad and M iscellaneous Stocks.—The stock market
The open market rates for call loans on the Stock Ex- has been somewhat irregular this week, with a large propor
change during the week on stock and bond collaterals have tion of the business confined to a few issues. Transactions
ranged from 1% to 2% per cent. To-day’s rates on call were at the Exchange, which amounted to over 456,000 shares on
1% to 2 per cent. Prime commercial paper is quoted at Monday, were reduced to 304,260 shares on Wednesday and
to 302,250 shares to-day.
3 to 4 per cent.
,
The Bank of England weekly statement on Thursday
The tendency of prices was generally downward but m a
ahowed an increase in bullion of £728,918 and the percentage few cases, including Metropolitan Street Railway and stocks
of reserve to liabilities was 43-37, against 41-45 last week; the which are benefiting by the new Klondike business, prices
discount rate remains unchanged at 3 per cent, lh e Bank have materially advanced. The latter movement carried
o f France shows a decrease of 6,200,000 francs in gold and Oregon Railway & Navigation shares, which sold at 35%
within the month, up to 50; Northern Pacific common and
an increase of 2,025,000 francs in silver.
.
The New York City Clearing-House banks in their state preferred up to 28 and 65% respectively, and Oregon Short
ment of January 15 showed an increase in the reserve held Line from below 20 up to 24%. Other Oregon stocks also
of $5,209,300 and a surplus over the required reserve of made substantial improvement. On the other hand the
anthracite coal stocks have been weak and the grangers
$25,968,775, against $22,264,575 the previous week.
declined an average of about one point. Manhattan Ele
1896.
vated has fluctuated between 116 and 120, closing at 117%.
1897.
Differen'sfr’ m
1898.
Jan.
18.
Jan. 16.
Prev. week.
Metropolitan Street Railway covered a range of 9% points,
Jan. 15.
and closes with a net gain of 9 points. Third Avenue has
$
$
$
$
59,772,700 61,122,700 not retained all of the 18 points which it had gained within
Capital................. 58,522,700
73,017,100
74,888,100
Surplus...... ------ 74,730,800 Ino’ .i, 215,700 491,399,200 453,958,200 the month, but declined to 175, a net loss of 7 points.
Of the miscellaneous list American Sugar has been the
Loans & disc nts. 610,992,600
18,743,900 13,923,400
Dec.
480,600
15,091,300
Circulation..........
It
6,020,400 557,386,300 492,403,800 conspicuous feature, covering a range of 3% points.
Net deposits........ 691,612,900 Inc.
Inc.2,050,500 77,821,300 73,610,500 declined to 135%, a loss of nearly 10 points within the
Specie.................. 108.639.000 In
81,836,000
113,697,800
c.3,158,800
month, a part of which it has regained. American Tobacco
90,233,000
Legal tenders—
.5,209,300 191,519,100 155,446,500 lost 4 points and Western Union. 1% points, while Consoli
Reserve held....... 195.872.000 Inc
123,100,950
139,346,575
Inc.
1,505,100
dated Gas, General Electric and Hawaiian Sugar have ad
Legal reserve— 172,903,225
32,345,550 vanced.
Surplus reserve 25,968,775 Tnc .3,704,200 52,172,525
THE CHRONICLE,
J a n u a r y 2 2 , 1898.]
171
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS f o r week ending JAN. 2 1 , and since JAN. 1, 1 8 9 8 .
HIGHEST AND LOWEST PRICES.
Saturday,
Jan. 15.
Monday,
Jan. 17.
Tuesday,
Jan. 18.
Wednesday, Thursday,
Jan. 19.
Jan. 20.
Friday,
Jan. 21.
STOCKS.
Sales o f
Range for year 1898.
the
[On basis o f loo-share lota.)
Week.
Shares.
Lowest.
Highest.
A c t iv e B R , S t o c k s .
12% 12% Atchison Topeka & Santa Fe.
6,225 12% Jan. 18 13% Jail. 7
29% 29%'
Do
pref. 21,238 29% Jan. 4 3178 Jan. 12
§13
13 ¡Baltimore & Ohio..........
1,130 12% Jan. 11 14% Jan. 7
39% 41% 39% 40% 38% 39% 39% 39% Brooklyn Rapid Transit
56,448 36% Jan. 5 41% Jan. 14
87% 88
*88
90% 90% 89% 89% Canadian Pacific............
6,550 84 Jan. 6 90% Jan. 20
53
53% §52% *52% 52% 52% 52% 52%'Canada Southern . . . . . . . .
1,586 51% Jan. 3 55% Jan. 14
94% 95% 94% 95% 94
95% 91% 94%|Central of New Jersey..,
13,165 91% Jan. 21 98% Jan. 7
11% 11% §11% 11% *11% 12% §12 12
*11% 12
13% 13%;Central Pacific............... .
355 11% Jan. 4 13% Jan. 21
21% 22% 22 2 2 % 21% 22% 21% 22% 22 22% 21 % 21%' Chesapeake & Ohio........
15,958 21% Jan. 15 23% Jan. 12
‘166 ........ '165% ...
165% 165% *165% . . . . . . |Chioago & A lton .............
§165 165 *166
130 §163 Jan. 7$166%Jan. 14
99% 10038 99 100% 99% 99% 99
98% 100
99% 98% 99%’Chicago Burlington & Quincy 85,550 97% Jan. 4 102% Jan. 12
57% *55
57% *56
57% *56% 57% *56% 57% Chicago & Eastern Illinois...
*56
57%' *55
55 Jan.
56 Jan. 13
105% 106% 106% 107% 106 106% 106% 107% 105% 106%
105 106
Do
pref.
3,615 102 Jan.
107% Jan. 20
15% 14% 15% 14% 15
1 14% 15% 15
14% 14% 14% 14% Chicago Great W estern........ 39,872 14% Jan.
16% Jan. 8
9% 10
9%
9%
9% 9%
/ 9% 9%
9
9%
8% 9%'Chio. Indianapolis & Louisv.
2,174
8% Jan.
10% Jan. 14
31
31% 31% 32
30% 32
31
32% 32
32% 31% 31%
Do
pref.
2,457 30 Jan.
33 >4 Jan. 14
r 9438 95% 94% 95% 94% 95% 94% 95% 94% 95% 94
94% Chicago Milwaukee & St. Paul 82,766 92% Jan.
97% Jan. 12
145 145
145 145
144% 144% 144% 144% 144 144% 144144 I
Do
pref.
1,471 142% Jan.
146 Jan. 14
|121% 122% 122% 123 121% 122% 121% 122% 121% 122% 121% 121%.Chicago & Northwestern .
7,521 119% Jan. 4 124% Jan. 14
§166 166
165 165%
164% 164% *164% 165
Do
pref
360 163 Jan.
165% Jan. 14
89% 90% 89% 90% 89% 89% 89% 89% 88% 89%Chicago Rock Island & Pacific 30,736 88 Jan. 5 92% Jan. 10
89
90
*75% 76% 75% 76
*75
76
75
76
75
75
2.370 74% Jan. 21 77% Jan. 7
74% 74% Chicago St. Paul Minn. & Om
148 152 *148 152
148 152 *148 152
148 152
148 152 I
Do
pref.
§148 Jan. 5 §151%Jan. 4
8%
8%
8%
8%
8%
8%
7% 8%
8%
8%
7%
8 Chicago Terminal Transi er..
7,599
4% Jan.
8% Jan. 18
26% 27
27
27% 27
27% 27
27% 26% 27
26% 26%
Do
pref.
8,587 22% Jan. 3 28 J an. 12
33% 34
34% 34% 34% 34% 33% 34
33% 34
33% 33%,Clev. Cincin. Chic. & St. Louis
1,920 33% Jan. 15 36% Jan. 10
*80
85
*80
85
*80
85
Do
pref.
80 Jan. 7 80 Jan. 7
112 112 §111 112
112 112 *111 114 111 111 110% 111 Delaware & Hudson............... 1,235 110%
Jan. 21 114 Jan. 8
151 154
153 153
153 153% 151 152
151 153
150% 151% DelawareLackawanna&West 3,730 150% Jan. 21 156 Jan. 4
*11% 12% *11% 12% 12 12 *12% 13 §11% ll% [D enver & Rio G rande..........
170 12 Jan. 12 13 Jan. 12
46% 46% §46% 46% 47% 47% 47% 47% 48% 49
47% 48
Do
pref
4,484 46 Jan. 3 49 Jan. 20
14% 14% *14
15% §14% 14% 14% 14% 14% 14% 14% 14% Erie
2,010 14% Jan. 21 15% Jan. 7
38% 38% 38
38
*37
38% 37% 37% 37% 37% 37% 37%
1,150 37 Jan. 4 39% Jan. 7
Do
1st pref
18% 20
19
*19
20
19% 19% 18% 18%
19
*18% 20
300 18% Jan. 21 20% Jan. 8
Do
2d pref
*132 138 *132 138 *130 136 *130 136
130 135 Great Northern, pref............
120 126
130 Jan. 12 134 Jan. 13
106 106% 106 106% 106% 106% 106%107
106 106 Illinois Central..................... .
106% 107
4,362 102% Jan. 5 107% Jan. 10
*9
9% *8%
9%
*9
9%
*9
§8% 9
*8
9 Iowa Central.......................... .
9%
35
9% Jan.
9% Jan. 13
32
*33% 34% *33
34
§32
*32
34
34 L
§31% 31% *32
, Do
pref
42 33 Jan.
35 J an. 8
*16
*17
17% *16% 18
17
17
17
17
17
*16
17 Lake Erie & Western............
100 1678 Jan.
17% Jan. 12
72% §72
72% 72% 72
72%
§73
73
72
71% 72% §72
. Do
pref.
665 70% Jan.
73% Jan. 12
*176 180
179% 181% *180 181% §179 179
180% 180% 179% 179% Lake Shore & Mich. Southern
1,783 170% Jan.
181% Jan. 17
55% 56% 56% 56% 55% 66% 56
56% 55% 56% 55% 55% Louisville & Nashville..........
24,386 54% Jan.
58% Jan. 12
115% 117
116 118% 116 120
116% 117% 116 117% 116% 117% Manhattan Elevated, consol 187,098 110 Jan.
'120% Jan. 14
132 133% 133 141% 139 142% 137% 141
138% 140% 139% 143% Metropolitan Street............. . 51,489 128% Jan.
143% Jan. 21
104% 105% 104% 106% 104% 105% 104 104% 104 104% 104% 104% Michigan Central..................
5,356 100 Jan.
107 Jan. 14
*25
25
*25
26
*25
*24
26
25
26
*24% 26 Minneapolis & St. L ou is......
26
200 25 Jan.
26% Jan. 7
§86
86% §86
86
*85
86
*85
86% *85
*85
86
87
Do
1st pref.
65 85% Jan. 13 86 Jan. 13
*55
56% 55% 55% §54% 54% *55% 56% *54
*54% 55%
55
Do
2d pref
619 55% Jan. 17 56% Jan. 7
*12% 13
12% 12% 13
13% *12% 12% §13
*12% 13 Missouri Kansas & T ex a s__
13
815 12% Jan. 5 13% Jan. 18
34% 35% 35% 35% 35
36
35
35%
36
Do
pref.
35% 34% 36
6,132 33% Jan. 5 36% Jan. 10
38
34
33% 33% Missouri Paciflo....................... 27,100 32% Jan. 4 35% Jan. 8
33% 34% 33% 34% 33% 34% 33% 34
*29
28% 28% 29% 30
30
30% 31% 30% 30% Mobile & O h io........................
29% 30
3,176 28% Jan. 18 31% Jan. 20
111 112% 111% 113% 111% 113% 112% 112% 112% 113% 112% 112% New York Central & Hudson. 64,188 105% Jan. 3 114% Jan. 13
§14% 14% 14
14
*13% 14% *13% 14% *13% 14
*13% 14 New York Chicago & St. Louis
120 13 Jan.
14% Jan. 13
*70
75
*65
75
*65
75
*65
*65
75
75
*65
75
Do
1st pref.
*36
36
*35% 37
36
*35% 37% 36% 36% *35% 37%
38
Do
2d pref.
700 35 Jan. 7 39 Jan. 13
187% 188% *188 190 §188 189 §188% 188% *188% 190 §189 189% NewYork New Haven & Hart.
187 §178 Jan. 7 §189%Jan. 11
K 15% 15% 15% 16
15% 15% 15% 15% 15% 16% 16% 16% New York Ontario & Western. 18,530 15% Jan. 3 16% Jan. 21
5**11
12
11
12
12
*11
§11
11 New York Susq. & West., new
*11% 14
12
544
§11
8 Jan. 8 18 Jan. 5
n 28
29
28
29
28% 28%
29
28% 28% 28% 28% 29
Do
pref
1,700 23 Jan. 10 34 Jan. 6
C*14
15% *14% 15% *14
15
§14
*14
15 Norfolk & W estern............... .
15
15% *14
75 15% Jan. 12 15% Jan. 12
§16% 46% 46% 47% 47
47% 47% 47% *47% 48% 47
47
Do
pref.
1,853 46% Jan. 10 48% Jan. 8
24% 25% 24% 26% 25% 26% 26% 27% 27% 28
26% 27% Nor. Pacific Ry., voting tr. ctf s, 182,951 20% Jan. 4 23 Jan. 20
P 62% 63% 63% 64% 63% 64% 64
64% 64% 65% 63% 64%
Do
pref. 113,519 58 Jan.
65% Jan. 20
40
41
42% 45% 46
50
47
49
49% Or.RR.&Nav. Co. vot. tr. otfs. 13,247 35% Jan.
46
48% 49
50 Jan. 20
8 §70% 70% 70 • 71% 72
72
72% 71% 72
71% 71% 72
Do pref., vot. trust ctf s.
2,157 68 Jan.
72% Jan. 20
«. 20% 20% 21
21% 21% 22% 21% 23% 23% 24% 24
24% Oregon Short Line.................. 11,822 19% Jan.
24% Jan. 20
I 40% 40% 40% 42
41% 42% 42% 43% 42% 42% 42% 43 Pittsburg Oinn. Chic. & St. L. 10,687 38% Jan.
43% Jan. 19
65
65
66
66
64% 64% 66% 67
Do
pref.
§66% 66% 66% 69%
1,612 64% Jan. 18 69% Jan. 21
i 21% 22
22
21% 21% 21% 21% 21% 21% Reading, voting trust eertifs.
22% 21% 22
8,405 21% Jan. 19 23% Jan. 6
50
51% 50% 50% 50
50% 50
50% 49% 50
1st pref., voting trust certs.
50% 50
8,899 49% Jan. 4 53 Jan. 7
3 26% 2c% 27
27% 26% 26% 27
*26% 27
27
27
2d pref., voting trust certs.
*27
946 26% Jan. 19 29 Jan. 6
*22
*22
*22
26
26
*22
*22
26
26
26
*22
Rio Grande W estern .......
26
§21% Jan. 11 §21% Jan. 11
5*57
60
§60
60
*56
60
60
*56
*56
:56 60
Do
pref.
60
5 59% Jan. 13 61% Jan. 8
*7
7%
*7
7
7
7%
7
*6%
6% 7% St. Jos. & Gd. IsL, vot. tr. clfs.
7
8
500 7 Jan. 18
8 Jan. 7
f *49% 50% 49
49
50 ' 49
*49
*48 50
Do
1st pref.
48% 49
49
834 48% Jan. 20 51 Jan. 7
C*18
19
§17% 19% *17% 19
§17 17
Do
2d pref.
§17% 17% *17% 19
46 18% Jan. 5 20 Jan. 7
7%
7%
7%
7% 7% St. L. & San Fr., vot. tr. otfs.
7%
§7% 7%
7%
7% 7%
7%
871
7% Jan. 5
7% Jan. 8
56% 57% 57
57
56% 57
Do
Istp ref.
56% 56% 56% 56% ¡57 57
1,145 56% Jan. 3 58 Jan. 8
1 25% 26
26
26% 25% 25% 25
Do
2d pref.
25% 25% 25% 25%
25%
2,880
25 Jan. 19 27% Jan. 7
» *4
4%
*4
4%
*4
4%
*3 % 4% St. Louis Southwestern___
4
4
4
4
2b0 4 Jan. 19 4 Jan. 20
“ “ *9% 9%
9% 9%
*9% 10
*9
9%
Do
pref.
9% 9%
9%
9%
306
9% Jan. 12 9% Jan. 13
*22
24
*22
25
*22
24 St. Paul & D u lu th .............
*22
24
§21% 21% *22
25
12 20% Jan. 6 25 Jan. 8
2**84
87
*85
87
*82
*82
Do
pref.
86
§81% 81% *82 86
86
35 §81% Jan. 20 §84% Jan. 14
*121 124 *121 124 *122 125 *122 125
122 125
121% 124 St. Paul Minn. & Manitoba...
123% Jan. 12 124 Jan. 12
21% 21% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Southern Paciflo Co................
1,900 20% Jan. 4 22 Jan. 12
9
9
F 8%
9%
9
9
9
8 % 8 % Southern, voting trust, certif. 4,823
9
8% 9
8% Jan. 4 9% Jan. 12
* 30% 31% 30% 31% 30% 30% 30% 30% 30% 30% 30% 30%| Do pref., voting trust cert. 14,093 29% Jan. 4 32% Jan. 12
11% 11% 11% 11% 11% 11% 11% 11% 11% 12% 11% 11% Texas & Paciflo.......................
4,610 10% Jan. 5 12% Jan. 12
31% 30% 31% 30% 31% 30% 32% 31% 32% 31% 31% Un. Pao., tr. reo.. all inst. pd. 130,830 25% Jan. 3 32% Jan. 14
I 30
9%
« 8%
9% 9%
9% 9%
9% 9% Un. Pac. D en.& Gulf tr.rects.
9% 9%
9%
9%
7,941
6% Jan. 5 10% Jan. 10
..■* *7
7%
7%
7%
7
7 Wabash......................................
*7
7% 7%
7%
7
7
7 Jan. 19 7% Jan. 12
1,855
-I§18% 18% 18% 18% 18% 19
18%
Do
pref.
18% 18% 18% 18% 18
8,940 17% Jan. 4 19% Jan. 13
* 3
3%
3%
3
3
3%
3%
3
3% Wheel. & L. Erie, $1 ass’tp d .
3%
3%
3%
7,665
2 Jan. 5
3% Jan. 11
a 12% 13% 13% 13% 13 13% 13% 13% 13% 13% 13% 14%
Do
pref. do.
9% Jan. 4 16 Jan. 12
1,910
M is c e lla n e o u s S t o c k s .
*21% 22% *21
22% §21% 21% 21 21
21% 21% 21 21 American Cotton Oil Co........ 1,585[ 21 Jan. 19 23% Jan. 10
*75% 76% 75% 75% 75% 75% 74% 74% §75% 75% *74% 75%
Do
pref.
447 74% Jan. 19 76% Jan. 10
*7% 7%
7% 7%
7% 7%
§7% 7%
6% 7%!
6% 7% American Spirits Mfg. d o ___
2,669 6% Jan. 20
8% Jan. 5
18% 18% §17% 18
19% 19% §18
18
18%| *17% 19
18
Do
pref.
682 18 Jan. 3 20 Jan. 3
136 138% 135% 137% 135% 138% xl36% 137% 136% 138%' 136% 138 American Sugar Refining Co 344,915 135% Jan. 17 145 Jan. 7
112% 112% 112% 112% *112%
112 112
§112% 112% *H 2% 113%
Do
pref.
680112 Jan. 15 116 Jan. 6
“
86% 87% fiftf
887s 89% x86% 87% 87% 87% 86%
87
85% Ü|
86% American Tobacco Co.......
15,843 85% Jan. 21 91% Jan. 7
§116% 116% *111 118 *112 ...... *112 118 §113% 114% 114 114
Do
pref.
155 113% Jan. 14 117% Jan. 10
3%
3% 3%
3%
3% 3%
3% 3%
4% 5% Bay State Gas.......... ............... 28,696
4
4%
3*2 Jan. 4
5% Jan. 21
180 182% 180 181
179
.79
183% 185% 183 186% Consolidated Gas Company.. 15,863 176 Jan. 3 186% Jan. 21
181% 184
32
32% 32% 33
33% 33% 31% 33
32% 33% 3278 32% Consolidated Ice C o ...............
3,295 30 Jan. 12 33% Jan. 20
*84
86
86% 86% 86 8 6 % 86% 86% 86% 86% 86% 86%
Do
pref.
1,082 85 Jan. 7 89% Jan. 4
34
35% 34% 36
35
36% 34% 35
35
35% 35
35% General Electric Co.................
9,180 33% Jan. 4 37% Jan. 8
35% 35% 36
36
36% 37% 36
36% x35% 36% National Lead Co...................
36% 36
6,900 3 5 ^ Jan. 21 37% Jan. 7
106% 107% 107% 107% §107 107% §106% 107% 107 107 *106% 108
Do
pref.
792 106 Jan. 3 107% Jan. 7
31% 31
31
30% 30% 31
81
31% 31
31
30% 31% Paciflo Mail.....................
3,080 29% Jan. 3 32 Jan. 12
95% 97% 96% 97% 96
97% 96
97
95% 96% 95% 96 People’ s Gas L. & C. of Chic. 32,917 95 J an« 4 98% Jan. 14
*57% 58%
*56% 57% *56% 57% *56 % 58 Silver Bullion dertifleates. . . .
3% 3%
3% 3%
3% 3%
* 3 % ........
*3% 4%
3% 3% Standard Rope & T w in e....,«
1,555
3% Jan. 3 4% Jan. 11
25% 26% 26% 26% 24
26
25
26% 25% 25% 24% 25% Tennessee Coal Iron & R B ... 17,826 24 Jan. 18 28% Jan. 11
*6% 7%
*6% 7
7
7
6%
6%
6% 7
7
7 United States Leather Co . . . .
610
6% Jan. 13 7% Jan. 10
64
64
63% 64
64
64
63% 64% 64
64
63% 64
Do
pref.
2,195 63% Jan. 3 65% Jan. 8
15
15% 15% 15% 15% 15
§15
15
15% 15% 16
16 United States Rubber C o .....
1,075 15 Jan. 18 16% Jan. 3
65% §64% 64% 63% 64
63% 63% §65
§63% 64% *63% 64
Do
pref.
497 63% Jan. 11 64% Jan. 8
90% 91% 90% 91% 90% 91%t 90% 91
90% 90% 90% 90% Western Union Telegraph. . . . 17,418. 89% Jan. 4 93% Jan. 10
These are bid and asked; nosale.made. § Less than 100 sh
S=SP* F o r In a c tiv e S tock s see fo llo w in g page*
125g
30
13
38%
*87
52%
94%
12% 12% 12%
30%
303g 30
13% 13%
13
39% 40%
40
*87% 88
88
53% 54%
54
95%
9578 95
12% 12% 12% 12% 12% 12%
29% 30% 29% 30%
§12% 12% *13 13% 13 13
29% 30%
172
IME
CHRONICLE
LVOL. JLXY
NEW YORK STOCK EXCHANGE PRICES (Continued ) —I N A C T IV ß S T O C K S .
I nactive stocks .
1i ndicates unlisted.
Range (sales) tn 1898.
Jan. 21.
Bid.
Ask.
Lowest.
Highest.
(% In d ica tes a ctu a l sales. J
Jan
I nactive Stocks .
Indicates unlisted.
m is c e lla n e o u s S tock® .
R a ilr o a d S tock s.
100
183 Jan. 183 Jan. Adams Express..................
Albany & Susquehanna....... .«.100 182
11% Jan. American Bank Note Co * * ....
12
13
11% JanAnn A r b o r ...........................1 0 0
...
35 Jan American Coal..... ....... .
34 Jan.
35
Preferred...................................100 34
29% 28 Jan. 30% Jan. American Express____ . . . . . . . 100
BuSalo Rochester & Pittsburg 100 27
65 Jan. 67% Jan. Amer. Telegraph * C able..... .100
Preferred.......... ....................... 100 *65
72 Jan. 72 Jan. Brooklyn Union G a s ............. 100
Burl. Cedar Rapids & Nor... .100 70
34% Jan. 36 Jan. Chic. Juno. Ry. & Stock Y ards.100
Chicago Great West. pref. A ... 100 34% 38
24% Jan. 25% Jan. Colorado Fuel & Iron ............. 100
Preferred B ..............
100 23% 25
Preferred............................ . 100
17%
15% Jan. 19% Jan.
Clev. Lor. & Wheel.................... 100 *17
48 Jan. 49*8 Jan. Col. & Hook. Coaltr.rcts.allpd.100
P r e f e r r e d . . .. . . . . . . . . .. .......1 0 0 148
Commercial
C a b l e ............. 100
Oleve and & Pittsburg___
.. 50 168
1(H)
*5%
7*8 Jan.
5% Jan.
6
CoL Hock. Valley & T ol........... 100
50
Detroit
G
a
s
............ .
17 Jan. 23 Jan.
20
P r e fe r r e d ............. ............ 100 17
13 Jan. Edison Eleo. 111. of N. Y .. . . . . . 100
12% Jan.
12
13
Des Moines & Ft. D odge........ .IOC
100
Edison
Eleo.
111.
of
Brooklyn.
Preferred.......................
.10o 70
25 Jan. Erie Telegraph & Telephone .. 100
23 Jan.
28
Evansville & Terre Haute........ 50 23
41 Jau. Hawaiian Com. & S u g a r........
40 Jan.
50
; Preferred
................
50 40
12
Jan. Illinois S t e e l.............. ........... 100
12
Jan.
Flint & Pere M arquette........... 100
Laclede G a s . . . . . . . . . . . . . . . . . . . 100
P re”p"r e d ..... . . . . . . . . . . . . . . . . 1 0 0
Preferred.......... ... ................. 100
30
Jan.
30
Jan.
*3©*"
40”
Green Bay & Western..............100
100
Maryland Coal, pref....... .
Deb. certfs. B ...................... .1000
Miofiigan-Penlnsular
Car C o.. .100
21%
Jan.
20
Jan.
*20%
20%
Kansas City Pitts. & Gulf .....IQO
Preferred................................ 100
3
4
Keokuk & Des Moines. - _____100
100
16
Preferred.. . . . . . . . . . .
00 14
40 Jan. National Linseed Oil Co.......... 100
37 Jan.
Long Island................. - ....... 100 *40
100
National
Starch
Mfg.
C
o
.....
.
1
1%
Mexican National tr. o tfs ........ 100
100
Morris & E s s e x ...............
5© 170 175 167% Jan. 175 Jan. New Central Coal.......... - ......... 100
Nash. Chatt. & St. Loui •...........100
100
320 Jan. 320 Jan.
is Y. «Sc Harlem.................
50
121 Jan. 121% Jan. North American C o.................. 100
N.Y. baoK. * W estern.............. 100
Pennsylvania........................... 50 U1478 1155a 114% Jan. 117% Jan. Ontario Silver M in in g ......... 100
1% Jan. Pennsylvania C o a l ...... . . . . . . 50
1
*8 Jan.
Peoria Decatur & E vansville..100
1%
Pu'lm tn Palace Car C o . . . . . .. 100
4
7
Peoria & E a s te r n ...............1 0 0
169 Jan. 170 Jan. Quicksilver M in in g ............ 100
Pitts. Ft. W. & Chic, guar........ 100 169
Preferred.............................. - 100
176
Rensselaer A Saratqg-a.. . . . . . . . 100
100
122 "jam 123 “ Jan.
Rome Watertown & Ogdens. ..100 121%
100
186%
Jan.
164
Jan.
176
*175
Third Avenue — .......- ........ ..100
100 Jan. 102% Jan. U. S. Express___. . . . . . . . . . . . . . 100
West Chicago Street...................100 110038
100
*s Jan.
3*8 Jan. WaIIh Fariro F.TtirAflP
Wisconsin Cent. vot. tr. otfs... 100
rNo price Friday latest price this week.
î Actual sales
21.
Range (sales) in 1898.
Bid.
Ask.
159
........
120
*118%
91
*121
____
*23%
70
5%
175
41
140
___ _
92
121%
......
24%
78
7%
161
Lowest.
Highest.
Jan. 162 Jan.
.. .
....
....
116 Jan. 120 Jan
90 Jan.
91*8 Jan.
119 Jan. 122% Jan,
....
...
23 \ Jan.
26% ja n
157
6
Jan.
...
7% Jan.
130
105
...... 50 Jan.
50 Jan.
135 127% Jan. 135 Jan.
108 110 Jan. 110% Jan.
J3 L
*49%
*46%
90
45
.....
31%
50%
46*8
95
55
......
*58%
*18
7%
7
9
8
28% Jan,
48 Jan.
44 Jan.
93 Jan.
...
...
...
57 jan .
17 JbU.
■
Jan.
31*8 Jan.
50% Jan.
48 Jan.
94% Jan.
....
....
....
19
Jan.
....
7% Jan.
5%
4% Jan.
*5
5% Jan.
3
4%
3 % Jan.
3% Jan
345 370
...
....
173 Jan. 177 Jan,
*176%
3%
...
....
1%
3
8
.. .
....
41
112
5% Jan.
6% Jan.
40 Jan. 42 Jan.
113 Jan. 116 Jan.
45
ne
NEW YORK STOCK EXCHANGE PRICES .— S T A T E B O N D S J A N U A R Y 2 1 .
SECURITIES.
Bid.
Alabama—Class A, 4 to 5 — 1906
Class B, 5s..............................1906
Class O, 4s..............................1906
Currency funding 4s............1920
Arkansas—6s,fund,Hol.l899-1900
Non H olford— ............................
7s, Arkansas Central RR-------- Louisiana—7s, c o n s ............... 1914
Stamped 4s..........................
New consols. 4s.................... 1914
108
108
100
100
102
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Do
New series.... 1914
Compromise, 3-4-5-68..........1912
New settlement 3s...............1913
New bonds, J&J........ 1892-1898
Consolidated 4s................... 1910 102
6s .............. .......................... 1919 125
Virginia funded debt, 2-3 s....l9 9 1
South Carolina—4%s, 20-40..1933 101
hm. deferred Cat. reo’ts. stamped.
6s. n on -fu n d........ ............1888 . . . . . . .........
Ask.
87
70
71
R eports o f Non-Member Banks.—The Clearing-House now
New Y ork City Clearing House Banks.—Statement of con
dition for the week ending January 15, based on averages of also publishes returns for non-member banks. Statement of
daily results. W e o m it tw o cip h ers ( 0 0 ) in all cases. ________
J a n . 15) 1898.
(00s om itted.)
Capital Surpl’s Loans.
Specie. \ Legáis. Deposits.
B ank o f N ew Y ork .. $2,000,0 $1,900,6 $14,160,0 $2,240,0 $1,120,0 $13,880,0
M anhattan C o.......... 2.050.0 2 , 100,8 14,580,0 2.633.0
M erchants’ ............... 2, 000,0 1,060,91 11,817,2 2.631.0
9.660.0 1.495.0
M echanics’ . —7........ 2, 000,0 2.087.6
A m e r ic a .................. — 1.500.0 2.597.2 18,711.5 3,284,5
352,O'
4.036.0
246.6
P h e n ix ........................ 1, 000,0
1, 000,0 3.746.8 67,561,4 16,387,3
C it y ...........................
326.5
120,8 2.724.8
750.0
Tradesm en’ s ........... 300.0 7.454.7 25.066.0 4.743.0
C h e m ica l...................
947.1
4.949.4
180,9
600.0
M erchants’ E x ch ’ ge
651.9
6.926.4
G allatin..................... - 1,000,0 1.653.9
237,7
1.144.0
169.3
300.0
B ntohei s’ * D rov’rs’
285.0
2.105.0
228.5
400.0
M echanics’ * Trad’ s’
116.4
950,5
163.4
200.0
G reenw ich ■—
489i8 3.299.4 546.6
600,0
Leather M annf a c’rs’
322.9
1.683.1
90,6
300.0
S e v e n t h .....................
212.2
495.7
3,329,7
State o f N ew Y o r k .. 1.200.0
24.709.0 2.725.0
2.480.8
0
A m erican E xch an ge 5.000.
25.923.4 2,354,9
3.559.0
0
C om m erce................ | 5.000.
6.229.6 1.119.7
1.000. 1.634.2
0
B road w ay.................
9.258.3 1.046.5
M e rca n tile............... . 1 000,0 1.030.0
343.7
465.4
2.322.4
422,7
P a c ific .......................•
3,371,2
858.2
14.297.9
1.500.0
R e p u b lic .................. .
736,6
6.001.7
988.0
450.0
Chatham ...................
183.4
250.8
1.670.7
200.0
P eop le’s . ..................
9.948.1 1.597.8
554.4
700.0
N orth A m erica — .
1,000,0 2.196.0 25.287.9 5.411.1
H a n o v e r ..................
290.3
3.093.0
359.0
500.0
I r v in g .......................
547.5
2.768.3
407.0
600.0
Citizens’ ...................
165.1
2.455.4
264.3
500.0
N a s s a u .....................
691.6
5.438.4
1
.
021.1
900.0
M arket & F u lto n ...
650.1
4.036.4
159.6
1, 000,0
S hoe * Leather
8.927.2 1.536.8
1, 000,0 1.314.0
C ora E xch an ge
974.0
6.627.3
204.1
1, 000,0
C ontinental.......
172.4
1.762.1
406.3
300.0
Oriental — - . . ..
Im porters’ * Trad’rs 1.500.0 5.715.1 24.155.0 4.485.0
P a rk - - — ................. 2 , 000,0 8.265.7 34.158.5 8.495.8
181.4
1.232.3
145.4
250.0
E ast R iv e r ................
F o u r th ...................... . 3.200.0 2.056.7 24.674.9 4.103.0
9.501.0 1.968.0
519.1
1 , 000,0
C e n tra l....... - ...........
958.0
5.601.0
689.9
300.0
S e c o n d ...................... .
549.5
3.346.4
282.4
750.0
N in t h ........................
500.0 7.012.9 28.085.6 3.847.8
F i r s t ................... - —
169.1
63,4
1.364.6
300.0
N . Y. N at’l E x oh ’ge.
440.0
2.913.0
618,8
250.0
B ow ery............... ..
673.5
434.2
2.931.5
200.0
N e w Y ork C ounty..
290.6
2.874.9
285.7
750.0
Germ an A m erican..
500.0 1.496.9 24.609.1 6.109.0
Chase......................... .
8.413.9 1.706.5
100.0 1.113.8
F ifth A ven u e..........
163.2
2.434.2
570.7
200,0
German E xch an ge.
563.5
3.516.9
711.4
200,0
G e r m a n ia ............... .
1.010.5
6.164.7
646.1
300.0
L in c o ln ....... ............ .
4.959.8 1.084.0
810.3
200.0
G a r f l e l ------— -----368.4
1.843.9
812.1
200,0
F if t h .........................
4.839.4 1.037.7
816.8
300.0
B ank o f th e M etrop
2.278.0
242.0
341,1
200.0
W est S ide..............—
8.261.0 1.619.0
324.8
500.0
Seaboard..................
219.0
1.773.0
343.6
200.0
S ix t h - - .................... .
587.8 23.471.7 2.900.9
W e s te rn ........... ...... 2. 100.0
504.6
957.5
5.635.0
800,0
F irst N at. B ’k ly n ..
786.6 11.047.9 2.315.7
N at. U nion B an k... 1,200,0
344.3
2.830.2
290.8
500.0
L ib e r t y .............. .......
559.9
3.863.1
314.6
1, 000,0
N . Y . Prod. E x c b ’ ge
499.3
2.582.1
277,5
250.0
B k.of N . Am sterdam
,
Total___
'58,522.7 74,730,8 610.992,6 1086390
90,233.0 691,612,9
BANKS.
(00s om itted.)
N e w Y o r k Ci t y .
Astor P la ce............
Clinton.....................
C olon ial.........
C olu m bia........... . . .
E leventh W a r d ....
F ourteenth Street.
Franklin National.
G a n se v o o rt............
H am ilton. ...
.
H ide & Leatb. Nat.
H om e.
.............
H udson R iv e r.......
M ount M orris. ..
M u tu al....................
N ineteenth W ard .
P la z a .......... ...........
R i ' erside...............
Standard National.
State........................
T w elfth W a rd ___
T w entv-third W ’d.
U nion S qu are........
Y ork ville ..............
B rooklyn.
B ed ford .................
B road w ay....... .
B rook lyn ...............
E ighth W ard ........
F ifth A ven u e........
F u lt o n .....................
K in gs C ounty........
M anufact’rs’ N at’l
M echanics..........M ech’ 8’ & Tradr’ s’
Nassau N ation a l..
N ational C ity.........
N orth Side............
People’ s...................
Queens Co. (L .I.C .)
Scherm ei h o r n .
Seventeenth W ar
Sprauge N ational..
T w en ty-sixth W ’d.
U n io n ...
....
W allabout............
O t h e r Cit ie s .
1st Nat., Jer. C ity.
Hurt. Co. Nat. J. C.
2d Nat., Jer. C 'ty ..
3d N a t , Jer. C ity..
1st Nat., H ob ' ken.
2d N at.. H oboke .
Bank o f Stateu Is l.
1st Nat.,Staten Isl.
Capi
tal.
Deposit, with
Legal
Tend’r Olear- Other Net
Loans&
ScB’k . ing Bks. Sc De
Sur Inv. stplus. ments. Specie. JSotes. House Trust posits.
Agent. Go’s.
$
250.0 355,6
29,4
300.0
100.0 48,6
300.0 185,8
100.0 112,6
44,1
100,0
200,0 31,2
200,0 24,3
94,5
200,0
500.0 144,6
81,8
100.0
200,0 186,8
82,0
250.0
94,7
200.0
22,3
100,0
100,0 105,7
94,3
100,0
27,8
200,0
100,0 65,0
200,0 148,7
100.0 42,8
200,0 269,9
100,0 114,5
150.0
100.0
300.0
100.0
100.0
200,0
150.0
252.0
500.0
100.0
300.0
300.0
100.0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
110,3
115.7
165,3
31.0
51,2
180,9
78,9
398,6
426,9
189,2
581,6
574,4
108,1
106,0
117,6
58,8
66,2
220,5
51,2
48,1
31,5
$
45,7
35,1
89,6
lbO.O
72,0
86,3
20,0
45,7
46,7
14,5
43,1
70,0
108,2
102,3
128,0
76,3
42,0
54,7
32.0
lu9,7
95,0
199,4
7», 7
$
$
$
21ÍL0 175,0 2.819.0
65,2
....
753.3
100,9
734.1
167,0
52,7 1.941.6
236,4
1.298.7
132,0
988.6
105,0
408.0
41,2
499.3
5,0
1.243.5
110,4
1.371.4
104,1
63,3
658.4
25,0
1.086.0
153,0
93,3
45,0 1.584.9
127,3
8Q5.1
1,1
910.0
127,0
58,9
283,0
. . . . 1.233.1
85.5
....
879.7
65,2
296.6
4
69,0 117,0 1.698.0
165,2
10,1 1.390.0
837.3
71,8
60,0
___ 2.383.9
259,8
142,1
— 1.255.8
54,1
979,4
33,6
1,304,2
31,0 246,6
79,4
73,8
1,273.4
21,1
9,6
278,2
21,0
23,6
506,5
54,6
56,4
855.5
28,0
38,7
731,4
2.2 9,9 196,7 434,0
2,667,1 105,5 158,4
46,0
48,8
983,2
4,204,0 297.0 2 ¿4,0
2.378,0 119,0 545,0
61,9
10,7
803,6
39,6
28,9
793,3
82,6 117,5
1,782,5
13,3
3*,1
482,3
38,0
8,6
407,1
11,5
95,8
1,033,4
17,9
7,2
431,1
17,6
8,*
311,2
45,3
13,2
480,3
85,0 1.114.6
120,3
1.513.6
80,4
212,3
19,0 1.361.9
231.3
42,2
1,0
458.6
51,9
11,4
827,9
154,6
....
692.5
69,7
....
441,4
. . . . 2.897.4
2,784,3
172,3
978.8
82,1
21,Ö
734,0
80,0 4.716.0
427,0 178,0 3.207.0
89,1 439,9 1.173.5
818.8
f 8,0
37,8
345,4
98,1 2.284.6
... .
476.4
96,7
418.2
127,4
4,5
185,0 150,0 1.025.0
42,2
411.7
2,1
33,2
237.1
4,7
480.1
61,4
2,6
$
$
2,467,0 223,1
69,3
886,5
5*1,2
10,6
1,866,0 123,3
1.007,6
63,0
8 '»5.4
19,0
515,0
80,0
740,4
10,2
53,7
1,213,7
1,942,9 264,2
457,4
85,4
1,080,0
37,0
1,326,4
83,2
13,0
929,9
41,5
617,6
8,0
1,075,7
678,4
6,3
430,4
15,4
65.0
1,505,0
26,2
1,100,8
678,2
26,4
1,952,2
67,0
83,4
1,164,3
400.0 730,9 3,528,5
250.0 507,4 1,*454,6
250.0 393.1 1,406.6
200.0 165,5 716,6
110,0 409,« 1,520,1
714,0
82,7
125.0
525,4
25,0
596,3
100.0
71,6
140,1 213,1 483,7
71,0 231,2
112,9
49,9 641,5
65,7
69,3 258,8
28,4
46,2 177,1
119,7
4K5
34,9
58.1
72,4
15,9
16,8
26,0
69,1
25,6
438,1 3.954.2
317,1 2.062.5
1.554.6
926.3
110,7
261,8 1.681.1
805.6
123,3
591.6
9
564.5
....
87115
98313,8
2fQ4Q,0 , ,9
T otals Jan. 1 5... Q,212,0 8 3 2 2 ,7 bi,Qoq,7 7¿(>4,0 4,485,4 8 3 78 ,4
8 3 2 2 ,7 b*3523 ?,40b,7 4,44*4,1 0,9*23 2 , 740,1
T otals Jan. 8....
8
,
7
ob,o
3342,1
43n,4
bl.JÇQ.4
2 ,494,9 66,8oo, q
T otals Dec. 31...
8 322,7
« y F or prices of bank stocks (formerly given on this page) a n d
summaries of the weekly returns ol the banks in New Y ork City«
Philadelphia and Boston, see the third page preceding.
THE CHBONICLE.
J a n u a r y 22,* löv 8. j
BOSTON, PHILADELPHIA
Active Stocks.
If Indicates unlisted.
Atch. T. & 8. Fe. (Boston). 100
Baltimore & Ohio (Bait.). 100
Balt. City Pass’ger “
25
Baltimore C ob sol. “
25
BalttmoreConsol.lffPAii.). 25
B oston * Albany (Boston). 100
Boston & Lowell
“
100
Boston & Maine.
“
100
-Central of Mass..
“
100
Preferred........
"
100
Chio. Bur. & Quin.
“
100
Chic. Mil.& 8t,. P. (Ph.il.).100
hoo.Okla &Gulf
“
50
Preferred.........
“
50
Fltouourg pref. . (Boston).io n
Lehign Valley.. (Phila.). 50
Mecropol’n Str’tff
.*•
100
Mexican Cent’l (Boston). 100
New E ngland....
“
100
Preferred ..........
“ 100
Northern Central (B a l.). 50
Northern Pacific (Phila.) 100
Preferred
“
100
Old Colony. ...(B oston ).100
Pennsylvania ...(P h ila .). 50
Fhiladelph. Trao.
“
50
Reading « o . . . . . .
“
50
Onion Pacific!.. ( Boston) .100
O nionTraction..(Phila.). 50
m iscellan eou s Stocks.
Am.Sug’r Relin.1I (B oston )....
“
....
Preferred........
Bell Telephone..
“
100
Bost & Montana., “
25
Butte & Boston.!
“
25
Calumet & Heola
“
25
Canton C o .......... (Balt.). 100
Consolidated Gas
“
100
Dominion Coal.(Boston). 100
Elec. 8 tor. Bat’ylf (Pn.ua.). 100
Preferred IT
“
100
Erie Telephone.(Boston). 100
General Electric.
“
100
Preferred. . . . . .
100
Illinois S teel. . . .
“
100
Lamson8tore8er
“
50
Lehi’h Coal&Nav. (Phila.) 50
N. E. Telephone (Boston). 100
Pa. Heat.L.&Powf Phila.) . . . . .
Unit’d Gas Imp. If
“
50
Welshaoh Light If “
5
West End Land.. (Botton)..^.
* Bid and ashed prices; no
173
AND BALTIMORE STOCK EXCHANGES.
E F S h a r e P r ic e s — n o t P e r C e n t u m P r i c e s .
Saturday,
Jan. 15.
Monday,
Jan. 17.
12*
12*
*12*
68*
*68* 70
23*
23
*23
23
222
222*
222
*220* 222
222
170*
171 171
*9
10
*9
*54
*54
9 8 * 100
99*
9 4 * 95
95
* 9 * 10
10
29*
*28* 29
99*
9 9 * TOO
25*
25* 25*
135*
6 1«
6*
6*
12*
Tuesday,
Jan. 18.
12*
68*
23*
23
222*
222
171
10
*
12*
*13
23*
23
222*
222*
17 0 *
*9
1 00* 9 9 *
94*
95*
10
10
29*
29*
100
*99*
25*
25*
140
1 39*
6*
6
12*
1 38*
112*
271
152*
24
500
80
57
21
135*
112
269*
151*
23*
499
56
21*
26*
71* 71*
71*
34* 34* 34*
89
89
89
49
49
49*
22
21* 21*
42
42
42
___
130 130
19*
19* 19*
97* 98*
98*
3 9 * 40
38
*1*
*1*
1*
sale was m ade.
Inactive Stocks«
Prices o f January 21.
Atlanta & Charlotte (Ball.).100
Boston & Providence (Boston). 100
“
100
Boston Elevated.......
Oaiawissa__ ........(P h ila .). 50
1st preferred. . . . . . .
“
50
Central Ohio........ ........ (Balt.) 50
Oh»«ago & West Mich.<Rnston) 100
Citiz’ns St.Ry.ofInd.1ffPhila.) 100
Con aeotlout <s Pass.. ( Boston t . 100
Connecticut R iv e r....
“
100
Consol. Traet.of N.J.1JiP/iita.).100
Flint & Pere M arq...( Boston). 100
Preferred .. _____
If 100
Georgia 8ou & F la .. (Ball.) .100
1st preferred. . . . . .
“
lo o
2d preferred . . . . . . .
“
100
Sesumviile Passeng. (Phila.). 50
Preferred If.......... .
“
Hunt. & Broad Top...
“
Preferred................
“
Kan. C’yFt.S. & Mem.(Boston). 100
Preferred . . . . . . . . . .
“
100
Little Schuylkill........ (Phila.). 50
Maine Central..........(Boston) 100
Mine Hill & S.Haven.(Phila.) 50
•Nesqueboning V a l. .
“
50
North Pennsylvania.
“
50
Or.Sh.Lineall asst, pdf Boston ) .100
Pennsylvania & N. W. (Phila. ). 50
Philadel. & E r ie ......
‘
50
WeBt End.. . . . . . . . . . . .(Boston). 50
Preferred. . . . . . . . . .
“
50
United Cos. of V. .T.. (Phila.).100
West Jersey & Sea Sh.
“
50
Western N.Y. & Penn
“
100
Wisconsin C entral...(Boston). 100
“ 100
Preferred...................
Worc’st.Nash.&Roeh.
“
100
Bid.
Ask.
137*
112*
270*
152*
24*
500
136
1 12*
270
152%
23*
499*
*69
56*
56*
21*
21
26*
71*
72
35* 35*
90
89
49*
49*
22
21%
42*
42
130 *........
20*
20*
99 *« 9 0 *
38* 38*
1*
1*
12% 12%
6 8 * *68*
23*
23*
23
23*
222* 222
222
223
1 70* 170
10
*9
*54
100* 9 9 *
95* 94*
10
9*
29*
29*
100
99*
25*
25
140
138*
6
6
*81
*80
84
84
*81
84
76* 76*
7 7 * *77*
77
24* 24*
25
26
26*
26%
62* 63* 63* 64*
63* 64*
188 188 *188
188 188
58*
57* 58*
58
58
58*
8 0 * 81
80* 80*
8 0 * 81
11 IDifc 11*8 i l h e 10»51(t 1 1*«
30
31*
30% 3 1 *
3 0* 31*
14
1 3 * 14
14
14* 14*
1 36*
112*
270
151*
23*
499
*70
57
21
Wednesday,
Jan. 19.
*81
Thursday,
Jan. 20.
12*
68%
69
23*
23*
23*
23*
2 2 2 * 222
223
223
170 *169
10
*9
*54
99% 99
94*
95*
IO
9*
29*
29*
99% 9 9 *
25
25*
1 40* 140
6
6
84
78
27*
64*
81
13
68%
23*
23*
222
223
170
10
99*
95*
10%
30%
99*
25*
140
6
121a
*1213
69
*2314
*231$
*222
*222
169
*9
*54
98*
941«
10*
30*
99*
24
140
81
6
128g
13*
69
23*
23*
22 2 *
223
170
10
56
99*
94*
11
31*
99*
25
1423s
6
*25
30
84
85
*77- ■ 78
Bange of sales in 1898
Lowest.
Highest
1,324 1 2 * Jan. 18 1 3 * Jan. 7
1 2 * Jan. 11 1 3 * Jan. 6
280 66 Jan. 4 69 Jan. 21
962 23 Jan. 17 2 3 * Jan. 3
605 23 Jan. 8 1 2 3 * Jan. 5
70 2 1 9 * Jan. 3 22 2 * Jan. 18
242 219 Jan. 41223 Jan. 19
350 1 6 7 * Jan.
1 7 1 * Jan. 7
9 Jan.
9 * Jan. 10
54 Jan.
54 Jan. 3
18,61« 98 Jan.
102 Jan. 12
7,600 93 Jan.
9 7 * Jan. 12
5,276
9 ‘o Jan.
11 Jan. 21
4,717 2 7 * Jan.
3 1 * Jan. 21
428 9 8 * Jan.
100 Jan. 6
1,769 24 Jan.
2 6 * Jan. 3
2,089 13078 Jan.
1 42* Jan. 21
915
6 Jan.
6 * Jan. 12
110 80 Jan.
85 Jan.
231 7 6 * Jan.
7 7 * Jan.
27* 27*
26
2688 2 7 * 34,667 2 0 * Jan.
2 7 * Jan.
6 4 * 65
9,350 5 8 * Jan.
64
6378 64
65 Jan.
188 188 *18 7* 188
105 187 Jan. 13 190 Jan.
*188
57% 58
5 7 * 58
4,994 5 7 * Jàn. 4 5 8 * Jan.
5 7 * 57*
8 0 * 80% 8 0 * 80% 8 0 * 80%
7,049 7 8 * Jan. 3 81% Jan.
1013i«10l51p 1 0 * 11 1013,g 11
8,890 10»3j, Jan. 19 11% Jan.
3 1 * 32
31* 32*
313g 31% 20,277 2 5 * Jan. 4 3 2 * Jan.
14* 14*
14* 14*
143s 1 4 * 23,608 1 2 * Jan. 3 1 4 * Jan.
*
1 38*
112*
272
153*
24*
4 99*
136*
113
269*
152*
24*
499
*69
56*
56*
21
21
137*
113
2 70*
154%
25*
499*
57%
21*
57*
20*
26*
72
71
7 1 * 71
3 6 * *35
35
35*
90
*90
*89
49* 49* 49*
49*
21% 22
22
21%
42
42
42 *
130
130 1 30* 130
2 2 * 2 2 * 23% 2 3 *
99* 99* 99* 99*
40
39
40
40
*1*
1*
1*
1*
§ 1st instai, paid.
Bonds.
21
17
20
20
6
13
13
6
20
19
136* 138*
113 113
269 270
xl5l% 152
25* 25*
*498 500
Bid.
46,425
1 3 6 *1 3 8
17 1 44* Jan.
112* 113
452
17 116* Jan.
269 270
756 262 Jan. 4 2 72* Jan.
151*152
8,78» 1 4 9 * Jan. 4 155% Jan.
2 5 * 26
19,345
15 26 Jan.
499 499
112 489 Jan. 3 500 Jan.
*70
75
57% 5 7 * 5 7 *
1,294
10 57% Jan.
22
22
23%
6,330
20 24 Jan.
27
27
27
255 26 Jan. 4 29% Jan.
28* 29*
21 32 Jan.
135 2 8 *
71* 71* 71*
215 71 Jan. 13 7 2 * Jan.
35
*3 4 * 35
1,221 3 4 * Jan. 15 3 7 * Jan.
90
89
89
276 84 Jan. 3 90 Jan.
50
4 9 * 50*
1,565 48 Jan. 3 5 0 * Jan.
22
21* 21*
121 2 0 * Jan. l i ’ 22 Jan.
42
-— . . 43
148 4 1 * Jan. 3 4 3 * Jan.
130
130 130*
220 127 J an. 3 1 3 0 * Jan.
24*
2 1 * 23
40,116 1 8 * Jan. 3 2 4 * Jan.
9 9 * 9 9 * 106
13,849 9 s Jan. 11 106 Jan.
40
40
40*
1,352 38 Jan. 17 42 J an.
1*
217
* 1*
1*
1 Jan. 13
1 * Jan.
12d instai, paid. ! Trust ree.,all instai. paid.
Ask.
Boston United Gas, 2d m. 5 s..1939
100
Burl. & Mo. Biver Exempt 6s, J&J
a«7 270
Non-exempt 6 s,......1 9 1 8 , J&J
61* 62*
Plain 4 s ...................... 1910, J&J
Ohio. Burl. & Nor. 1st 5,1926, A&O
2d mort. 6s................ 1918, J&D
23
21
Ohio. Burl. & Quincy 4s ,1922,F&A
1 2 * 15
Iowa Division 4 s ..... 1919, A&O
21
Chio.&W.Mioh. gen. 5s, 1921, J&D
149 151
Consol, of Vermont, 5s. 1913, J&J
255 260
Current River. 1st, 5S..1927, A&O
4 3 * 44
Det.Gr.Rap.& W .,lst 4s,1946. A&O
11
12
Eastern 1st mort 6 g,1906,M&S..
38
40
Free.Elk.&M.V.,1st, 6s.l933, end.
22
23
Unstamped, 1st, 6s, 1 9 3 3 ..........
80
82
K.C. C.& Spring.,1st,5g.,1925,A&O
4 3 * 44
K O. F.S.&M . eon. 6s, 1928, M&N 5102»
42 _K.C. Mem. & Bir..lst,2 b,1927, M&S * na
62
65
K.
C. St. Jo. & C. B., vs..1907, J&J
16% L. Rook & Ft 8., 1st, 7 s.. 1905, J&J
43
Louis.,Ev.&St.L.,1st,6g.l926,A&O
15
10
2m.. 5—6 g . . . ............1936, A&O
40
Mar. H. & Out., 6s....... 1925, A&O
60
53
Mexican Central,4 g . . . 1911, J&J
1st consol.incomes, 2 g, non-oum.
127 129
2d consol, incomes. 3s. non-cum.
57
5 4 * _... N. Y. & N.Eng,, 1st, 7s,1905, J&J1
1st mort. 6s___. . . ___1905, J&J
9 1 * 95
24
2 4 * Ogden. &L.C., Con.6s...1920,A&O
Ino. 6 s . . . . . . . . . . . . . . . . . . . . . . . 1 9 2 0 j .......
21
Rn tland, 1st,6s........... 1902,M&N §105
84
83*
2d, 5s..........................1898 ,F&A § 99
103* 1 0 3 *
B on d s.—P h iladelphia
_ Atlantic
110
253
(Sty 1st 5s, g., 1919, M&N
5 1 * Buffalo Ry. con. 1st, 5s.......... 1931
Latawissa, M ..7 S ......1 9 0 0 , F&A 1 0 8 *
2%
3
110
3
3 * Choc. Okla. & Gulf, prior lien 6 s..
General 5s........ .......... 1919, J&J
90*
5
6
Citizens’ 8t,Ry.of Ind.,con.5s. 1933 75 "7 7 "
120 122
MISCELLANEOUS.
Colnmb. St. R y „ 1st, con. 5s.. 1932
Allonez Mln’g.asstpdfBoston). 25
Columb. O. Crosstown, lst,5s.l933
% 1
Amer. R y.E l.L ight.. (Phila.).......
Consol. Tract, of N. J., lst.5s.1933 9 9 * *9 9 *
5
Atlantic Mining........ (Boston). 25
26
2 6 * Del. & B ’d B r’k,la t,7 s.l9 0 5,F & A 1 2 4 *
Bay State GasIT..___
**
2 * Easton & Am. ¿stM.,58.1920,M&N 109
Boston L a n d .........
“
5 * Elec. & People’ s Trae. stock, tr. otf s 8 1 * 8 1 *
5
Centennial Mining...
“
1 0 * 10% Elmir. &Wilm., 1st, 68.1910, J&J. 120
For1 Wayne Elect. 11..
“
Hestonville M. & F., con. 5s.. 1924 1 1 5 *
2
1
Franklin Mining____
“
Hunt. & Br’d T op ,«on .5 s.’95,A&O 105
1 2 * 13
Frenohm’n’sBay L’d.
“
K.
C. Sub. Belt 1st 6s...1920, J&D
105
*
*3
Kearsarge Mining,...
“
19
1 9 * Kan.C. Pitts.& G .lst 5s. 1923, A&O
79*
Marsderi Co___ ____ (Phila.)
...... 1914. Q—J 1 1 3 *
Leb'gh
Nav.
9
8*
Mergenthaler Linot.J Boston). 100 142 14 2 *
RR. 4s. g., 1914...................Q—F 109
OaottOia M ining......
“
25 41% 42
General mort. 4 * s , g.l924,w —a 104
Pnllman Palace Car.
“
100 175 j176
Lehigh VaLCoal 1st 5s,g.1933,J&J
96
96*
Pennsylvania 8teel.. (PAiia.).100
1 5 * Lehigh Valley, 1st 6s... 1898, J&D 102 *
Preferred 1 f .. . . . . .
“
100
25
2d 7s............................ 1910, MAS
Quincy M i n i n g . . Boston). 25 1 0 8 * 109
Consol. 6 ................. 1923, J&D 116
Tamarack Mining,....
“
25 140 141
Newark Passenger, eon. 5s...1930 110 110 *
' ater Power.............
«
100
Ha 1 North Penn. 1st, 4 s .... 1936, M&N 112
Wostingh. Eleo. & M,.
“
. 50 24
Gen. M. 7s............................1903,J&J
116*
25
Pref., carpDlative..
“
50 5 4 * 55
Pennsylvania gen .6s, r.,1910, Vai 131
B o n d s - B oston ,
Consol. 6 b, 0
........1 9 0 5 , Vai
117
At. Top. & S. F. general g. 4s, 1995 §>90
Consol. 5 s ,r _____......1 9 1 9 , Vai 125
90*
Adjustment g. 4s, 1 9 9 5 .......... . §=>9
Oollat.Tr. 4 * *..........J&D
59*
109
Boston Spited «a s 1st 5s..
|.9l
9 2 * Pa. & N. Y. Canal, 7 s,.. 1906, J&D
' Price includes overdue coupons.
U Unlisted.
§. And aecrue i interest.
Sales
of the
Week,
Shares.
Friday,
Jan. 21.
Bonds.
Pa^& N. Y. Can.,con. 5S.1939, A&O
People’s Trao. trust certs. 4s.. 1943
Perkiomen, 1st ser.,5s.l918, Q—J
Phila.& Erie gen. M. 5g.,1920, A&O
Gen. m ort.,4 g . . . . „ . 1920, A&O
Phila & Read. 2d, 5 s ... 1933, A&O
Consol, mort. 7s
1911, J&D
Oonsol.mort. 6 g .......1911, J&r>
Ext. 'mp. M. 4s, g., 1947..A&O
Con. M .of 1882, 4s___1937, J&J
Terminal 5s, g ........ 1941, Q.—F.
Phil. Wilm. & Balt., 4s. 1917, A&O
Pitts. 0. & St. L., 7s.__1900, F&A
Reading Co. gen. 4 s .....1 99 7 , J&J
Rochester Railway, con. 5s ..1930
Solrayl.R.E.Side,lst 5 g.1935, J&D
Union Terminal 1st 5s..........F&A
B onds»—B a ltim ore.
Atlanta & Chari., 1st 7s, 1907. J&J
Baltimore Belt, 1st, 5s.l990, M&N
Balt.C. Pass. 1st 5 s ....1911, M&N
Balt. Traction, 1st 5 s ..1929, M&N
Exten. & impt. 6 s ....l9 0 1 , M&S
No. Balt. Div., 5s.......1942, J&D
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g...,1925, F&A
Staten Island, 2d, 5 g.1926, J&J
Receivers’ certificates, 6s..J&D
Do. Maryland Construe., 5 s ......
Do. Pittsb. & Connells., 5s..J&J
Do. Main Line 5 s . .. . . ............. .
Bal.&OMo S.W .,lst,4*g.l 990, J&J
OapeF.&Yad.,Ser.A.,6g.l916, J&D
Cent. Ohio,4 * g ........1 9 3 0 , M&S
Cent. Pass., 1st 5s....... 1932, M&N
City & Sub., 1st 5s........1922, J&D
Chari. Col.&Aug.ext.5s. 1910, J&J
Col. & Greeny., 1st 5-6s.l917, J&J
Georgla&Ala.,lstpf. 5s.1945,A&O
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Georgia Pae., 1st 5-6s...1922, J&J
Geor. 80. & Fla., 1st 5 s..1945, J&J
North. Cent. 6 s . .. . . . ....19 0 0 , J&J
6 s .................. . ............1904, J&J
Series A, 5s. , mmm„ . . . 1926, J&J
4 * s -------------- ----------1925, A&O
Pitts. * Cornells. lst.fs.189P, J&J
Pitts. United Trao., 5s...1997, J&J
Southern, 1st 5 s . .. . . . . . . 1994, J&J
Virginia Mid., 1st 6 s ...1906, M&S
2d Series, 6s...........1 9 1 1 M&S
3d Series, 6s..........1 9 1 6 , M&S
4th Series, S-4-5s-----1921, M&S
5th Series, 5 s.........1 9 2 6 , M&S
West Va. C.& P. 1st, 6 g.1911, J&J
Wilm. Col. & Aug., 6 s..1910, J&D
MISCELLANEOt 8.
Baltimore Water 5 s ...1916, M&N
Funding 5s........ ........1916, M&N
Exchange 3 * s .......... . 1930, J&.'
Virginia (State)3s,new 1932, J&»'
Funded debt, 2-3s___1991, J&J
Chesapeake Gas. 6 s .... 1900, J&J
Consol. Gas, 6r>aM, . . . 1910, J&tl
5 s _______ ___
l o r o -*>
Bid
7
6
14
8
6
7
19
3
10
10
5
8
18
21
17
7
19
20
21
4
3
Ask
107
1 02* 105
101
120
107
128
1 32*
123
104
104
11 8 * 119
11Ò*
83%
96
84
108
120* 121
84
86
115
115
106* 108
116 1 1 6 *
104
55
101
9 9 * 100*
102
98
72
113
115
109
116%
103%
92*
119
10 1 *
106
110
119
109
100*
101
92
110
117
118
98
105
109*
118
103
77
109*
117
104*
93
101*
101*
105%
109%
1 2 2 * 123
10 6 * 106%
80* 80*
70* 70*
105
117 1 1 7 *
108* 108%
THE CHRONICLE,
174
[VOL. LXV I.
NEW YORK STOCK EXCHANGE PRICES (Continual )—ACTIVE BONDS JAN. 21 AND FOB YEAR ISOS,
BATT.KOÀP AND
M iboellakroos B onds .
Closing
t) in 1893
Inest Price iRangs (sale
Period Jan. 21. Lowest.
Highest.
Amer. Cotton Oil, deb., 8g. 1900 Q—F 108%b. 108 Jan.
74 Jan.
Amer. Spirit Mfg., 1st 6g.l915 M A S 74
83
82 Jan.
Ann Arbor.—1st, 4s, g .....l9 9 5 Q - J
91%
89% Jan.
At.T. AS.F.—New gen. 48.1995 A A 0
59
57% Jan.
Aaidstment4s..............1 9 9 5 Nov.
B,wayA7thAv.-lat.oon.g.5s’43 J A D 119 b. 122% Jan.
Brooklyn Elev. 1st, 6 g ....l9 2 4 A A O i 84 b .1183 Jan.
Union Elevated.—6 g .... 1937 M A N 182 b. t83 Jan.
94 Jan.
Bklyn Rap. Trans., 5 g ....l9 4 5 A A O * 9 5
BkIyn.Un.Gas1l8t,con.5g. 1945 J A J *113%b. 112% Jan.
93%b.
F
A
A
98% Jan.
B’klynWhrfAW.H—lst.5s,g. 45
B u ff R. <fe P.—Gen. g. 58.1937 M A S 104%b. 104% Jan.
110%b.
J
A
J
109%
Jan.
Canada Southern.—1st,5s,1908
2d, 5s.................................1913 M A S „108 b. 108% Jan.
115
b.
F
A
A
118% Jan.
Cent, of Ga.—1st, g., 5 s ...1945
92%a. 91 Jan.
Cons., 5s, g .....................1945 M A N
Q - J 104%b. 104% Jan.
M A N 113 b.
J A J 112
110 Jan.
Q—M .102 b. 100 Jan.
M A N 92%b. 90 Jan.
109 Jan.
74% Jan.
83% Jan.
91% Jan.
60 Jan.
122% Jan.
t85% Jan.
t85 Jan.
95% Jan.
11378 Jan.
99 Jan.
104% Jan.
111 Jan.
109 Jan.
119% Jan.
92% Jan.
104% Jan.
112 Jan.
102% Jan.
90 Jan.
R a il r o a d and
Miscellaneous B onds .
Closing
Int’st Price Range (sales) in 1898,
Period Jan. 21. Lowest. I Highest*
Louis. N. A. A Oh.—1st, 6s.1910 J A J
9514 Jan.
Manhattan oonsol. 4 s .....1 99 0 A A O 961*
Metro. E lev.- 1st, 6 g . ...1908 J A J Ii8i4b. 1181s Jan.
24,08.... • .
1899 M A N 104 iab. 104% Jan.
113% Jan.
Metrop.St^gen.coT.tr!g.'58!l997 F A A 116
Mloh. Cent.—1st,cons.,78.1902 M A N 114%b. 114% Jan.
IO6I4 Jan.
Oonsol.. 5s.......................1902 MAN
106% Jan.
Mtan.A8t.L.—lstoon.5s,g.l934 MAN
94 Jan.
Mo. K. A E.—1st 5s, g., gu..l942 A A O 961*
8578 Jan.
M. K. A Texas.—1st, 4s, g. 1990 J A D 88
2d, *s, g ............................ lo g o F A A 64
63 Jan.
94 Jan.
M o.Pao.—1st, con., 6g.......1920 MAN 95ia
3d, 7s................................ 1906 M A N 108 b. 107% Jan.
Pap. of Mo.—1st, ex., 4g.l938 F A A 10512 1041* Jan.
2d ext 5s......................1938 J A J 10613b.
St. L.AIr.Mt.Ark. B.,5s.l935 J A D 107%b. 106% Jan.
1st ext., g.. 4%s........... 1947 F A A I l l a. 10938 Jan.
88 Jan.
Gen. R’y Aland gr.,5g.l931 A A O 89ia
Mobile A Ohio—New 6g ...1927 J A D 121 b. 121 Jan.
77 Jan.
„G eneral mortgage, 4s. „ 1938 M A S 79
Nash. Ch. ASt.L.—1st, 7S..1913 J A J 130i*b.
Oonsol., 5g....................... 1928 A A O 10334b. 103 Jan.
MAN 104 b. 103% Jan.
N.
Y.oentral—Debtext.4s.1905
1st, coupon, 7s................ 1903 J A J 116iab. 116 Jan.
Deben.,58, coup., 1884..1904 M A S 11058b. llO i* Jan.
N. Y. A Harlem, 7s, reg.,1900 MAN 109 b.
R.W. A Ogd., consols, 5s. 1922 A A O 12214 b. 121% Jan.
West Shore, guar., 4 s....2361 J A J 1095g 109 Jan.
N. Y. Ohio. A St. L.—4 g ...l9 3 7 A A O 106 i*b. 1065a Jan.
N. Y. Lack. AW .—1st, 6s.. 1921 J A J 138 b. 1383a Jan.
Construction, 5s............. 1923 F A A 119 a.
N.Y. N. H. A H .—Con. deb. ctfs. A A O 148 b. 145 Jan.
973* Jan.
N.Y.Ont. A W .—Ref.4s, «.1992 M A S 100
Oonsol.. 1st, 5s, g ..........".1939 J A D 107 %b. 1073a Jan.
103 Jan.
N.Y.Sus.A W .lstref.,5s, g.1937 J A J 107
Gen. 5 g ........................... 1940 F A A 9213
87 Jan.
Midland of N. J., 6s, g... 1910 A A O 120i*b. 120 Jan.
79 Jan.
Nor. A W. Ry.—1st, eons.,4g.’96 A A O 7978
No.Paoiflo—1st, coup. 6g.l921 J A J 117 b. 116 Jan.
Prior lien, ry. & l.g. 4, g.1997 Q -J
9678
95 Jan.
62%
General lien 3 g ..............2047 Q - F
60% Jan.
No.Paoiflo Ter. Co—6 g ....1938 J A J 105 b. 104 Jan.
Ohio A Miss.—Con.s.f., 7 s.1898 J A J
Ohio Southern—1st, 6 g . .. 1921 J A D 91 a. 8J Jan.
15
11 Jan.
General mortgage, 4 g.,1921 M A N
tl03%Jan.
Oregonlmpr. Co.—Ist6 g ..l9 1 0 J A D 1107
Consol., 5 g .....................1939 A A O 1 60
t46% Jan.
Ore.R.ANav. Co.—1st, 6g.l909 J A J 114% 112% Jan.
93% Jan.
RR. A Nav. oonsol., 4 g.1946 J A D 9513
Oreg. Sh. Line -1 s t,6s,g.. 1922 F A A *125 b. 124 Jan.
1st, con. 5s, g.................. 1946 J A J 99%
96% Jan.
66%
58 Jan.
Non-cumul. ino. A, 5 s... 1946 Sept.
Penn. Co.—4%g, coap.......1921 J A J 113 b. 113 Jan.
Peo. Deo. A Evansv.—6.g.l920 J A J t 99 b.
Evans.Division,6 g .....l9 2 0 MAS t 96 a.
2d mortage, 5 g . . . ....... ..1926 M A N
Pitts Sh. A L. E., 1st, 5 g.1940 A A U 107% 106% Jan.
77 Jan.
Pittsburg A Western—4 g . 1917 J A .1 79%
Reading Co.—Gen., g. 4s .1997 J A J 83%
83% Jan.
8178 Jan.
Rio Gr. Western—1st 4 g ..1939 J A J 83%
70 Jan.
St. Jo. A Gr IsL—2-3-4S.. 1947 J A J 71%
St. L. ASanFr.—6g, 01. B.1906 M A N 115 b 115 Jan.
General mortgage, 6 g ..l9 3 1 J A J 116%b 116% Jan.
1931 J A J 103%b 103% Jan.
General, 5 g...............
Railroad, 4 g ................... 1996 J A J 74%a. 74 Jan.
72%
72 Jan.
St. L. A So. W.—1st, 4s, g,1989 M A N
2d,4s, g., in com e........1 9 8 9 J A J * 30 a 27% Jan.
St.P.M.AM.—Dak. E x.,6g. 1910 M A N 121 b 121% Jan.
1st consol.,6 ... . .. . . . . . . 1 9 3 3 J A J *129 a 128 Jan.
M
reduced to 4% « . . J A J 107% 106 Jan.
Montana extension,4 g.1937 J A D 96 %b. 93% Jan.
San.Ant. A A.P.—lst.4g.,gu.’43 J A J 62
59% Jan.
96%
So. Car. A Ga.—1st, 5 g ...l9 1 9 M A N
95 Jan.
So. Paoiflo, Aria.—6 g ...1909-10 J A J 103% 100% Jan.
So. Pacific, Cal.—6 «...1905-12 A A O 108 b.
95 b. 92% Jan.
1st oonsol., gold, 5 g . .... 1937 M A N
So.Paoiflo,N. M.—6 g ...,.1 9 1 1 J A J 106% 105% Jan.
92%
J
A
J
Southern—1st oons. g, 5s.1994
92% Jan.
E. Tenn.reorg. lien 4-5s. 1938 M A S 96 b. 96 Jan.
E.T. Y. AG.—1st,7 g ....l9 0 0 J A J 106 %b, 106% Jan.
Con.5 . . . . . . . . . . . . . . . . . 1 9 5 6 M A N 110 % 110% Jan.
Georgia Pao. Ist5-6s, g.,1922 J A J 121 a. 118% Jan.
Knoxv. A Ohio Ist6 s,g..l9 2 5 J A J 117 b.
Rich. ADanv.oon. 6s,g.. 191) J A J *122 b. 122 Jan.
West.No.Oarlstoon.6s,gl914 J A J 11578 112% Jan.
Standard RopeAT.,lst.6g.l946 F A A 57
57 Jan.
Tenn. 0 . 1. A Ry—Ten. D .lst, 6g A A O 83 b.
Birmingham Dlv., 6 «...1 9 1 7 J A J 85 b. 84 Jan.
Texas A Paoiflo—1st, 5g..2000 J A D 100%
97% Jan.
31%
2d, income, 5 g . . . . —....2 0 0 0 March
28 Jan.
Toledo A OhioOent. 5 g . . 1935 J A J 103% 102% Jan.
ToL St. L. A Kan. 0.—6 g ...l9 1 6 J A D t 90 a. 188 Jan.
103 J an.
Union Paoiflo—6 g . ... . .. . 1 8 9 8 J A J
Ext. sinking fund, 8 .....1 8 9 9 M A S tl23 b. 1113% Jan.
Coliat. tr. 6s, g. notes... 1902 F A A *J46%a, 143 Jan.
119% l l l 7s Jan.
Purchase money certs..........
Kan. Pac.-Den.Div., 6 g . 1899 M A N
t84% Jan.
lstoonsoL, 6 g . . « . . . « 1919 M A N t 96
U.P.Den. A Gulf ,oon.,5 g. 1939 J A D t 57% 143% Jan.
U. 8. Leather—S.F.deb.6g.l913 M A N *116 a. 114% Jan.
103% Jan.
Virginia Mid.—Gen.M., 5s. 1936 M A N 101
Wabash—1st, 5 « . . « . . . . « 1 9 3 9 M A N 108% 10778 Jan.
2d mortgage, 5 g ... . . . . . . 1939 F A A 81%
80% Jan.
WestN. Y. A Pa.—1st, 5 g .l9 3 7 J A J 108% 105 Jan.
48 J an.
Gen. 2-3-48, g o l d . .« . .« 1 9 4 3 A A O 49%
West.Un.Tei.-Gol.tr. 5 s.. 1938 J A J 110%b 109 Jan.
t33% Jan.
Wise. Cent. Co. 1st 5s, « ...1 9 3 7 J A J t 45
98% Jan.
118% Jan.
104% Jan
116% Jan.
115 J an
106% Jan
106% Jan
96% Jan.
88 Jan.
64% Jan.
96% Jan.
108 Jan.
105% Jan.
107 Jan.
110% Jan.
90% Jan,
122 Jan.
79% Jan
103% Jan
104 Jan.
116% Jan
J A J
A A O 120 b. 120 Jan. 120% Jan.
110% Jan
A A O 120% 120% Jan. 120% Jan.
» M A N 114% 114 Jan. 114% Jan.
122% Jan
110 Jan.
M A S 82
81% Jan. 83% Jan.
J A J 105
107% Jan.
103% Jan. 105 Jan.
J A J
13878 J an.
J A J 115% 115% Jan. 11578 Jan.
M A N .106% 106 Jan. 107% Jan.
Debenture, 5s.
148 J an.
100 Jan.
iM A S !llO b. 110% Jan. 112 Jan.
J F A A 102%a. 101% Jan. 101% Jan.
103% Jan.
[M A N
99%b. 98% Jan. 100 Jan.
108 Jan.
94 Jan.
M A S 122% 122% Jan. 122% Jan.
121 Jan.
J A D 116 b. 116% Jan. 116% Jan.
; A A O 129 b. 129 Jan. 130 Jan.
Consol. 6g........ .
80 Jan.
M A N .105
11 78 Jan
General oonsol.
101% Jan. 105% Jan.
112
b.
MA N
Chicago A Erie.—
97 Jan
112 Jan. 112% Jan.
62% Jan.
J A J 105%b. 105 Jan. 105% Jan.
Ohio. Gas L. AC. Ch. Ind. A L.—Rt
rJ a J 84 b. 83 Jan. 83% Jan.
107 Jan.
J A J 139 %b. 138 Jan. 140% Jan.
Chic. Mil. A St. P.83 Jan.
i J A J 118%b. 118% Jan. 119% Jan.
15 Jan
i J A J ,118%b. 118% Jan. 119% Jan.
U 07 Jan
J A J 116%b. 115% Jan. 117 Jan.
t60% Jan.
3J A J 114%b. 114% Jan. 114% Jan.
114% Jan.
J A J 114%b. 114% Jan. 114% Jan.
95% Jan.
IJ A J 114%b. 114 Jan. 114% Jan.
125% Jan.
Gen. M., 4g., seriesA..
) J A J 105
104% Jan. 105 Jan.
J A E .122 b.
99% Jan.
Mil. A Nor.—1st,con.,é
67 Jan.
5 Q -F 145 a. 144% Jan. 145 Jan.
Ohio. A N. W.—Consol., 7
113 Jan.
2 J A D 116%b. 116% Jan. 116% Jan.
9 A A 0 116%b. 116% Jan. 117% Jan.
9 A A O 111 b. 111% Jan. 111% Jan.
3 M A il 117 b 117% Jan. 117% Jan.
)M & Ü 109 %b.
107% Jan.
79% Jan.
SF A A
84% Jan.
136
b.
1M A N
136% Jan. 137 Jan.
84 Jan.
9 F A A *117 b.
72 Jan.
7 J A J 131 b
115% Jan.
1 J A J 105% 105% Jan. 10578 Jan.
117% Jan.
i M A ë 107% 106% Jan. 107% Jan.
104 Jan.
9 J A D 137 b. 136% Jan. 137 Jan.
75 Jan.
7 ........ „ 85%
83 % Jan. 86 Jan.
73 Jan.
3 A A O *102 b. 102% Jan. 102% Jan.
27% Jan.
i J A D 134 b. 135 Jan. 137 Jan.
122 Jan.
iJ A J
96 b. 96% Jan. 97 Jan.
128% Jan.
)M A N
10?% Jan.
9 A A O 77 %a. 76 Jan. 76 Jan.
Col. A 9th Ave. gu. 5s,
97 Jan.
3 M A S *122 b. 121% Jan. 123% Jan.
62% Jan.
. M A S t 77
t74 Jan. 177% Jan.
96% Jan.
LJ A D 54 b. 54 Jan. 54 Jan.
103% Jan.
)M A N 108 %b.
1st oonsol.. 4 g.......... .
3J A J 91%
89% Jan. 91% Jan.
D u i A Iron R'ge -1st, 5
95% Jan.
’A A C
Dui. So. Sh, A Atl.—5g..
106% Jan.
7J A J
105 jfvn
92 % Jan.
j J A J *115%b. 115% Jan. 117 Jan!
96 Jan.
! J A J 90%
90% Jan. 91% Jan.
„
. 1
General, 3-4, g
106% Jan.
3 J A J 70%
70% Jan. 71 % Jan.
110% Jan.
'M A S *145 b. 146 Jan. 146 Jan.
118% Jan.
A A 0 137 b.
LJ A D 73
70*4 Jan. 73% Jan.
122 Jan.
93 b. 92 Jan. 93% Jan.
Gal.H.ASan.An-M.AP.D.lst,5(¡ M A N
Gen. Eleotric,det>. 5s,g . . .1925! J A D *100%b. 100% Jan. 100% Jan.
116% Jan.
61% Jan.
A A O 79%
78% Jan. 80 Jan.
l M A N 101 %b.
8 5 Jan.
F A A *109 a.
100% Jan.
MA N
121% Jan. 123% Jan.
32 Jan.
85
'MAS
85 Jan. 86 Jan.
103% Jan.
l J A D 100
99 Jan. 100 Jan.
t90 Jan.
i A A O * 78 b. 78% Jan. 80% Jan.
103 Jan.
J A J * 50 a. 46 Jan.
50 Jan.
Laclede Gas.
tL24%Jan.~
' Q - F 104 %a. 103 Jan. 104% Jan.
146% Jan.
r J A J 113%b. 115% Jan. 116% Jan.
120% Jan
» j & j 109 b. 107% Jan. 109 Jan.
Consol, coup., 2d, 7s...
J A D 119%b. 119 Jan. 119% Jan.
t96 Jan.
J A D 106% li/4% Jan. 106% Jan.
t57% Jan.
A A O *111 a.
115 Jan.
tM A S *122 b. 121% Jan. 123% Jan.
104 Jan.
Long Island.—1st con.,5g
Q—J 118
117% Jan. 118 Jan.
108% Jan.
General mortgage,4 « . . .1938 J A D 87 b. 85% Jan. 86 Jan.
82% Jan.
Louis. A Nash.—Cons.7s.. 1898 A A O 10278b. 102% Jan. 103 Jan.
103% Jan. j
J A J *120 b. 12038 Jan. 120% Jan.
49% Jan.
J A J
I l l Jan.
J A D 117%b. 117 Jan. 117% Jan.
It 47% Jan.1
J A J 86
85% Jan.
86% Jan.
N ote .—“ b” indicates orioe bid; “ a” price asked; the range is made up from sales. *Latest price this week. fTrust reoeipts. {62%% prin. p i.
NEW YORK STOCK EXCHANGE PRICES—(Continued).—/iVACÎTFÆJ BONDS-JAN. 21 .
BJSOUK1TI JKö.
Bid
Ask.
Railroad Bonds.
(Stock Exchange Prices.)
labama Mid.—1st, g., gnar.,1928
Atoh. Topeka A San Fran.—
Equip, trust, ser. A, 5s, g ..l9 0 2 ........
Chicago A St. Lou.—1st, 68.1915
Atlan.Ave.,Bklyn—Imp.g.5s.l934 85
Atlan. A D» p t .—1st. « . 5«__lPRfl 94
...»
97
SECURITIES.
Balt. A Ohio—1st, 6s, Park B.1919
5s, gold................ .................1925
Cons, mort., gold, 5s............1988
W Va. A Pitts.—! st, g., 5s..1990
Monon. River, lst,g ., g. 5 s.. 1919
Cent’l Ohio Reo .—1st, 4%s. 193i
Col. Oln. A Mid.—1st, 4 % s..1939
Ak.ACh.Juno.—1st,g,5s,gu.1930
B. A 0 . 8. W., 1st, g .,4 % s ...l9 9 0
Ohio A Miss.—1st eon. 4 s ... 1947
Bid.
Ask.
SECURITIES.
Bid.
Ohio A M.—21 consol. 7s. ..1911
Springfield Div. 1st 7 s . . . . . . 1905
General 5s............. . . . . ......1 9 3 2
Brooklyn Elevaied—2d, 5 s...1915
Seaside A B.B.—lst,g,5s,gu .l -*42
.....
Brunswick A W*n—1st, g .,4 s.l9 38
*99”
Buff. R. A Pitts.—R. A P .lst,6 s.l9 2 1 *124
Rooh. A Pitts.—Cons.lst,68.1922 *121
Clear. A Mah.—1st,gu.,g. ,5s. 1943 *118
*98 ........
Buff.
A Susqueh.—1st, 5s, g.,1913
*104
112
87%
*97
*98
Ask,
106%.
J a.nua .r y
175
THE CHRONICLE.
22, 1898.]
NEW YORK STOCK EXCHANGE FB.IG E S.-IN AÖ TIVE BONDS—(C ontinued}—J A N. 2 1 .
SECURITIES,
Bid.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
Norf. & W.—Imp. & Ext., 6s..1934 *119*4 120*4
O o n .) —
Col. Conn. ATer..lst,gu.g.5s.l922
Burl. Oed.Rap. & No.—1st, 58.1906 107*4 108*4 Erie—(
4th extended, 5 s ............1 9 2 0 117*4
84
SoiotoV.&N.E.—Ist,gu.g.4s.l989
Consol. * collat. trust, 5s.. 1934 108%,
5th «extended, 4 s . . . . . . ......1 9 2 8 103
Ohio River RR.—1st, 5s, ¿....1 9 3 6 102*4
Minn. & St. L.—1st, 7s, gu~1927
1st,
con.,
g.,
Pd,7s
.........1
9
2
0
...............
—
......1
9
3
7
Gen,
g.,5s
Ced. Rap. I. F. A N., 1st, 68.1920 106 . . . . . .
B. N. Y. * E.—1st, 7s.......... 1916 139*4
Omaha & St. Louis.—1st, 4s.. 1937 *79*4 80
1st 5s......................... v * 4 2 i 1 105
Butt. & 8. W.—Mortg. 6s....1908 115
Oregon Short Line—
Dent. RR. * Bank. -Col. g.5s.l937 91
iettersou—1st, gu. g 5s ....1909 105*4
Utah * North.—1st, 7s......190 8 117
Gent. Ry. of Ga.—
Deal * RR. —6s........... ........ 1922
43
42
Gold, 5s.............................. 1926 100
1st, pref. Income, g., 5s ....194 5
nook ATmpt..lst 6s. onr’cy.1913
15
44*4 45*4
Non-oum.
ino. B. and ool. trust..
2d, pref. Income, g., 5 s ....... 1945
N. Y. & Gr’nw’d L.—Gu.g.5s.l946
.
.
.
.
.
.
*6
Penn-P.0.0.*St.L.Cn.g.4*48A1940
111*4 112*4
3d, pref. Income,g., 5s........ 1945
& T.H.—tst, oons.,6s.l921 114 117
111*4 112*4
Do
do
Series
B
1942
Mao. & Nor. Div., 1 st, g., 58.1946 ‘ 86 . . . . . . &7ans.
77
’ st, general, g., 5 s ..........1 9 4 3
97
Do
do
Series C 1942
Mobile Div., 1st, g., 5s........1946 *94
........ 1923
Mt. Vernon 1st 6s
102*4
Dodo Series D, 4s, 1945
Gent, of N. J.—Conv. deb., 68.1908 . . . . . . . . . . . .
Sul. Co. Br. 1st, g., 5s..........1930
P.O.AS.L.-l8t,0.,7s............... 1900 107*4
O u t. Pacific—
„
Egans.
&
Indian.—1st,
oons..1926
140
Pitts.
Ft.
W.
&
0.—1st,
7s...
1912
Speyer& Co.ctfs, A B C D ..1899 10 1 103
116
Flint & P. Marq.—Mort., 68— 1920 115*4
2d, 7 s ................................. 1912 *139
Gold 5 s, series E ............. — 1898
1st, oon. gold, 5s................. 1939 90
137 140*4
3d,
7s...................................1912
San Joaquin Br., 6s..............1900 10 2 *
Pt. Huron Div.—1st, 5s ....1939 85
........
0h.8t.L.*P.—1st,eon.5s,g...1932 118
Mort. gold 5s...... ................ 1939
Fla. Cen & Pen.—1st g. 5 s .... 1918
Olev.
&
P.—Cons.,
s.
fd.,
7s.1900
Land grant, 5s, g ...— . . . — 1900
1st, 1. g.. ext. g., 5 s . . . . . . . — 1930
Gen. 4*48, g.f “ A” ............ 1942
Dal. A O. Div., ext., g. 5 s.-.1918
1st oon. g., 5s .......................1943 *91
Do
do
Series B 1942
West. Pacific-Bonds,6s....1899 iÖi*4 i b i " Ft.
60
W. & Rio Gr.—1st. g., 3-4S.1928
Bt.
L.V. & T. H.—1st, 6s., 7s.1897
No. Railway (CaM—1st, 68.1907
91
*89*4
Gal. H.&H. of 1882,1st,5s . .1913
98
2d,
guar.,
7
s
.
.
.
.
.
....
...1898 103
50-year 5s......................--1 9 3 »
Ga. & Ala., 1st, pref., g. 5 s .-.1945 103 105
Gd.R.*I.Ext.—1st,41*8,G. g. 1941
Gent. Washington—1st. g., 68.1938 *30
Ga.
Car.
&Nor.—1st,
gu.
5s,
g.1929
Alleg.Val.—Gen.,
gu.,
4s,
g.1942
Chaa. A Sav.—1st, g., 7s. . . . . . 1936
Illinois Central—1st, g., 4 s ... 1951 109
102
N. ACin.Bdg., gen.gu.4*4S,g.l945
Ohes. & O.—Pur. M. fund, 6s.1898
1951
1st.
gold,
3*48.......................
100
98
Penn.RR.—1st
real.
est.
g.
4s.l923
Craig Valley—1st, g., 5 s— .1940
Gold ....................................... 1952 103
Cle.& Mar’ta—ist,gu.g.4*49.1935 *108*4
Warm Spr. Val., 1st, g. 5s..1941
2-10 g., 4s..............................1904 *99
Unit edN.J.RR. AO.--Gen.4s.1944
Eliz. L.A Big Sandy—G. 58.1902 Ì02*4 103
Cairo
Bridge—4 s . . . . . ..........1950 *99
D. Riv. RR.*Bdg—lst,gu.g.4s.’36
Chicago & Alton—S. F - . 6 s . 1 9 0 3 112
Middle Div.—Reg., 5s..........1921
Peoria & Pek. Union—1st, 68.1921 121
Louis. A Mo. River—1st, 7S.1900 G il
G. St. L. AN. O.—
90
2d mortg., 4*48......................1921 85
2d 7 a , „ „ .........
- — 1900
Gold, 5s, coupon............... 1951 122
Pitts. Oleve. & Tol.—1st, 6s... 1922
St. l ! Jacks.'* Ohio.—2d, 7s. 189 8
Memp. Div., 1st g. 4s.......1951
Pitts.
&
L.
Er.—2d
g.
5s,
“
A”
.
1928
Hiss.R. Bridge—1st, s. f., 6S.1912 *101*4 110
Ind. Deo. & W.—1st, g., 5s....1935 ib i" 104*4 Pitts. Mo. K. * Y.—1st 6s.......1932
Ohio Burl. & Nor.—1st, 5s.--.1926
Ind. Ills. & Iowa—1st, g, 4s.. 1939
Pitts. Painsv. & F.—1st, 5 s... 1916
Ohio. Barling. & Q.—5s, s. f -1901
1st« ext., g. 5 s .......................1943
Pitts. Shen.&L.E.—lstcon.5s.1943
Iowa Div.—Sink, fund, 5s.. 1919 1C9
46*4
Int. & G. N’n.—3d, 4s, g ........ 1921
102*4
103*4
Pitts. & West.—M. 5s, g.1891-1941
Sinking fund, 4s............ 1919
Kings Co.-F.El.,lst,5,g.,gn. A. 1929
Pitts.Y’gst’nAA.—1st, 5s,oon.l927
.1921 *97
Plain 4 b, . . c.......
id
i
Lake Erie & West.—2d g., 5s.1941
Rio Grande So.—1st, g., 3-4S.1940
Chicago & Iowa Div.—5s... 1905 97
North’n Ohio—1st, gu. g. 58.1945 100*8 103*4 St.
L. A. * T. H.—Term. 5s.. 1914 *105
C lie. & Indiana Coal—1st 5s.1936 101
102*4
L.
S.
AM.Sou.—B.&E.—New
7s.’98
103*4
Bellev. & Car.—1st, 6 s ......1 9 2 3 *113*«
Col.Mil. & St.P.—lst,8s,P.D.1898
Det. M. & T —1st,7s............ 1906
St.
Louis So.—1st, gd. g. 48.1931 *90*4
2d, 7 3-10s, P. D .................. 1898
Lake Shore—Div. bonds, 7s. 1899 106*4
do
2d income ,5s. 1931
1st, 7s, $ g., R. D .................. 1902 139*4
Cin.& 8.—lst,gu.L.S.AM.S.7s.’01
do
1st con. g. 5s .1939 *80
ls t,l. * D .,7 s..............'-— 1899 139*4
i
20
Kal. All. & G. B.—1st gu. 58.1938
139*4
Car. &8hawt.—1st g. 4 s ....1932 *90
1st ,0. & M., 7s..................1 9 0 3
Mahon’g Goal RR.—1st. 58.1934 118
St.
L.
&
S.
F.—2d
6s,g., Cl. A .1906 115
1st,* I. & D. Extension, 7s...1908 140
15*9 LehighV.,N.Y.—1st gu.g.4*4S.1940 102*4
2d, 6s, g., class C ................1906 115
1st, La C. & Dav., 5s............1919
Lehigh V’y Coal—1st 5s,gu.g.l933
1st,
trust,
gold
5s...........
1987 *95
1st, H .& D..7S....................1910 12*9'
Lehigh & N.Y.—1st, gu. g. 48.1945 ‘ 91*4
Ft. 8. A V .B .B v .-lst, 6 s ...1910 106*4 112
1st, H. & D..5S............ - — 4910
ElmiraC. &N.,lst.g. lstpf,6s. 1914
Kansas
Midland.—1st,
g.,4s.l937
Ohioago & Paoifio Div., 6s.. 1910 119*4
Guar., gold, 5s...................1914
St. Paul City Ry, oOn. 5s, g ...l937
Mineral Point Div. 5s.......... 1910 108 110
Lltohf. Car.* West.—1st 6s. g.1916
Gold 5s, guar . . . . . . . . . . . . . . 1 9 3 7
0. * L. Sup. Div., 5s............ 1921 114
Little
Rook * M.—1st, 5s g ..l937
St. Paul & Duluth—1st,5 s ....1931 116
Fargo & South., os, A88U...1924 '127 *e
103
102*4
Long Island—1st, 7 s ..............1898
Inc. cony. sink, fund, 5 s .... 1916 105
2d
mortgage 5s.................1 9 1 7 108 112
89
Ferry, 1st, g., 4*»s..............1922 85
Dakota & Gt. South., 5 s....1916 112*4
Bt. Paul Minn A M.—2d M, 6s. 1909 121*4
Gold i s . . . . . . .........................1932
Minneap.
Union—1st 6s___1922
Mil. & Nor. main line—6 s ...1910 121
N. Y. & R’way B.—1st, g. 58.1927
C lic.&Norw.—30-yeardeb.5s.1921 114*4
Mont. Cen.—1st, guar., 6s..1937 124
2d mortg., Inc______ ____ 1927
1st
guar.
g. 5s.......... .........1937 108
Kscauaba & L. S. 1st, 6s....1901 '111
106*4
N. Y.B.&M.B.—1st oon. 5s,g.l935
East. Minn., 1st div. 1st 5s.1908 108*3
Des M. & Minn.—1st, 7s---- 1907
Brookl’n&Montauk—lst,6s.l911
W”
ir
ar&SiouxF.—1st,
g,5s.l938 108*4
Iowa Midland—1st, 8s........ 1900 '111
1st, 5s .. . . . . . . . . . . . . . . . . . . . 1 9 1 1
San Fran. & N. P.—1st, g., 5s. 1919 104
Ohio. & Milwaukee—1st, 7s. 1898 '101 103*«
No. Shore Br.—1st con.5s,g.l932
W in .A 8 t.P .-2 d ,7 s ............ 1907
1st, con. g.6s.l934
Louis. Evans.&St. L.—Con.5s.1939 33 ....... Sav.Fl.AWest.—
Seaboard & Roanoke—1st, 5s.1926
Mil. * Mad.—1st, 6 s . . . . . . ..1905 iYé*
Louis. ANash.—Cecil. Br. 7s..1907 104
79
79*4
Ott. O. F. & 8t. P.—1st, 5s. 1909 '109*4
116 Seat.L.S.*East.,lst6s,asst.pdl931
114
E.
H.
&
Nash.—1st
6s,
g___1919
Southern Pacific Co.—
Northern 111.—1st, 5s.......1 9 1 0 109
Fensacoia
Division,
6s........1920
Gal.Har.ASan Ant.—1st,6s.1910
aril. L. S.*W.-Con.deb.,58,1907
Bt.
Louis
Division,
1st,
6s...
1921
2d mort., 7s.......................1905 102
Mich. Div., 1st, 6s............. 1924 '133
2d, 3s..................................1980
Ashland Division—1st, 6s 1925 '133
Hons. A Tex. G.WaooAN.7s.l903 125
& Decatur—1st,7s.. 1900 106*4 iÖ8*
nn»,R.T.*P—D.M.*F.D.lst 48.1905 88*4 89*4 Nashv.
1st g., 5s (int. gtd).. . . . . . . 1937 110 110*4
8. f.,6s.—8. & N. Ala............ 1910
68
Cons. g. 6s (inti gtd)........ 1912 105 110
1st, 2 *48. . ........................1 9 0 5
50-year 5s, g.,.......................1937
Extension, 4 s .............1 9 0 5
Morgan’s
La. A T.—1st, 6s..1920 111
& At.—1st, 6s, gold...1921 '100 106
Keokuk * Des M.—1st, 5s.. 1923 107 108*4 Pens.
1st, 7s.................................. 1918 129
Collat. trust, 5s, g ...............1931 103
130
Oregon
A
Califor.lst, 5s, g.1927
Ohio. 8t. P. & Minn.—1st,6s.. 1918
134*4 L.&N. & M.&M.—lst,g.,4*48l945
Texas A New Orleanslst.7s. 1905
Bt. Paul * 8 . C.—1st, 6s.......1919
Nash.Flor.&8.—1st, gu., 5s.l937| 89*4 90
105
SaDine
Division,
1st, 6s. ..1912
Ohio. * W. Ind.—1st, s. f., 6s. 1919
So.* No. Ala., oon. gu. g., 58.1936 95
98
Consol. 5s,g.. . . . .. ........1 9 4 3
Gen. g., 6s.............................. 1932 122
88
Kentucky Central—4s, g ...1987 *87
Southern—Ala. Cent., 1st 6s. 1918
Ohio. & West. Mich.—5s........ 1921
L. &N.—LOU.0.AL.—g. 4*40.1931 103
Ati.
A
Char.—Income,
6
s...
1900
Oln Ham. & D.—Con. s. f., 7S.1905
Lou.*Jeft. Bdge Co.—Gu.g,4s. 1945
Colnm. A Green.—1st, 5-6s.l916
2d, gold, 4*48.........................1937
Louisville Ry—1st, eon.,g.,5s.l930
Clin. D. & Ir’n—lst,gu. 5s, g. 1941 110
E. Tenn.V. A Ga.—Divis.5s 1930 113
Mexican Cent. Consol.—4s, g.1911 ........ .......
Rich.* Dan.—Eq. s. f. g. 5s.1909 100
City & Sub. (Balt.)—1st, g., 5s,1922
1st,
oons.
income
3s,
g
......l9
3
9
Deben. 5s, stamped ......1 9 2 7 100
Olev.Ak. & Col.—Eq. * 2d 68.1930
2d oons. income 3s, g .........1939
Olev.&Can.—Tr.otfs.forlst5s.l917 70*4 71
Vtaa Mid.—Serial ser.A, 6s. 1906
Mexican Internat.—1st, g. 48.1942
81
Series B, 6 s . . . . . . . . . . ......1 9 1 1
0 . 0 . 0. &St. L.—Gen., g. 4s..1993
Mexican National—1st, g., 6B.1927
92
Series C, 6 s ................1 9 1 6
Cairo division, 4 s ...............1939 *89
2d,income, 6s, “ A” . . . . ....... 1917
Series D, 4-5s . ............1 9 2 1
Spring. AGoLDlv.—1st,g. 4s. 1940
2d, income, 6s, “ B ” . . . ....... 1917
9Ö" Michigan
WhiteW.Val.Div.—lst.g. 4s. 1940 ”88
Series E, 5s . . . . .. . . . . . . . . .1 9 2 6
Central—6s............1909 120
Oin.Wab.&M.Div.—Ist,g.4s.l991 *88
Series F, 5s.. . . . . . . . . . . . . . . 1931
Coupon, 5s.. . . . .. . . . . . . . . .. . . 1 9 3 1 '127*4
run. I. St. L. & O.—1st,g.,48.1936 101*4 104
Gen., 5s, guar., stamped .1936 104
108
Mortgage
4
s
.
.
.
.
.
.
.
.
.
.
—
.
—
1940
Oonsol, 6 s . . . . . . . . —
.....1 9 2 0
Wash.O.AW.—1st
our.gu.4s.1924
B at. O. &8trgis.—Is t,3s,g. gu. 1989
....... Sunbury A Lewis.—1st, g.,4s.l936
OIn.San. AC1.—Con.lst,g.5s, 1928 110
Í42**
Minn.* tt. L.—1st, g. 7s........ 1927
Indiana B. & W.—1st pf.7s.1900
Ter.
As’n
of
St.
L.—1st,
4*48.1939
Iowa Extension, 1st,7s.......1909
.......
Ohio Ind.*W.—lstpref. 5s..1938
1st, oon. g. 5 s.........1 894 -1 94 4
Southwest Ext. -1st, 7s.....1910
20
St.L.Mer.Br.Term.,g.5s,gu..l930
Peor. & East.—Income 4s ..1990
Pacific Ext.—Is t,6s ........1 9 2 1 122*4
0. Col. Oin. & Ind.—1st, 7s,s.f.l899 105 105*4 Mo.K.*Tex.—1st,
Terre Haute Eleo. Ry—g., 6S.1914
ext., 5s, g.1944
Oonsol. sink, fund, 7s.......... 1914
Tex. A Pae., E. D.—1st, g. 68.1905 109 lí o
82
81
110*4 Mo.K.*T.of Tex.lst,gu.5s.g.l942 72
Ota. A8pr.-lst,C.C.O.AI.7s. 1901
Third Avenue (N.Y).—1st 5s, 1937 122*4 123*3
73
Kansas
City
&
P.,
1st,4s,g..1990
102
104*4
Oleve. Lorain & Wh.—1st, 5s.1933
T.AO.O.—Kan.AM., Mort. 48.1990 80%
Dal. & Waco—1st, 5s, gu..,. 1940 *80
73
Oleve & Mah. V.-Gold. 5s... 1938 119
Tol. Peo. A West.—1st, g., 4s.1917 *70
67*4 Missouri Pacific —Trust 5 s... 1917 65
Ulster A Del.—1st, oon.,6.,5s.1928 102% 104
001. Mid. 1st, g., 6s, asstd— 1936
65
1st coll., 5s, g...................... 1920
22
Tr ctfs., con.,4s,2d ass’tpd.1940
Union
Elev.,
Chic.—1st,
g.
5s.l945
Mobile & Ohio—1st ext., 6s... 1927 *114
i 21 122
Del. Laok. & W.—
85 ....... Un. Pao.—6s,tr. reo. ex mat.o.1896 121
St. L. & Cairo—4s, guar.......1931
......
128 131
Mort. 7 s . . . . . . . ....... .— 1907
6s. tr. reo. ex mat. coup....1897
Nash. Chat. & St. L.—2d, 6s.. 1901 104
122
8yra. Bing. & N. Y.—1st, 78.1906 125
6s,
tr.
reo.
ex
mat.
coup....1898
N. O. &. No. E.—Pr. 1., g., 6s.. 1915
Morris* Essex—1st,7S....1914 141
123
6s,
tr.
reo.
ex
mat.
coup....1899
N. Y. Central.—Deb. g. 4 s ....1905 10378
Bonds, 7s............................1900 106
Collateral Trust, 6s.......»..1 9 0 8 ’100
N. J. Juno—Guar. 1st, 4 s ... 1986 105
78 of ¿871........ - ...............1901 112
Collateral Trust, 5s..............1907 *75 . » . »
Beech Creek—1st, gold, 4s.. 1936
1st, oon., guar., 7s............1915 141
Kansas Pacific—1st 6s, g ...l8 9 5
Osw. & Rome—2d, 5s, g.,gu.l915
Warren—2d, 7s . ............1 9 0 0 108
1st, 6s, v .....................» » 1 8 9 6
Utica & Bl. Riv.—4s, g., gu.1922
D.&H.Can.—Pa.Div.,ooup.7s.l917 143
O. Br. U P .—F. 0., 7 s...» ..1 8 9 5 " S ò r
N. Y. & Put.—1st, g., 4s. gu.1993
Albany & Susq —lst,gu.,7s.l906 '124
Atch. Col. A Pac.—1st, 6s... 1905 30 . . . . . .
N.Y.
&
Northern—1st,
5s,g.l927
35
1st, oons., guar., 6s.......... 1906 '117
U. F. Lin. A Ool.—1st, g., 5s. 1918 33
N. Y. N. H. & EL.—1st, rev. 4s.1903 *146*4
. . . . a.
Revs. & Bar. 1st, coup., 78.1921 144
Wabash—Debenture, Ser. A .. 1939
Housatonio—Oons. gold 5s.. 1937
Denv. Tramway—Cons. 6s, g.1910
28
Debenture,
Series
B
............
1939
27*4
N.Hav’n*Derby,Cons.5s.l918 112
Metropol. Ry —lst,gu. g.6s.l911
Det. A Chio. Ext. 1st, 5s, g .1940 99% 101
N. Y. Susq. & West.—2d, 4*48.1937 *90
Denv. & R.
Iup g -,5 s...1928 *86
St.
L.K.O.AN.—St.C.Bdgeos.1908
Terminal, 1st, e . 5s ........1 9 4 3 109*4
98
Des Moines Un.Ry.—Ist,g.5s.l917 *95
97*4 West N.Y. A Pa.—Income 5 s ..1943 *11% 12*3
Wilk.& East.—1st,gtd.,g.5s.l942 97
18
Det.M. & M.—L. g. *s,ser.A.1911
West. Va. C. A Pitts.—1st, 6s.1911
Northern
Pacific—
Det. & Maok.—1st lien, 4s,g.. 1995
101*3
Wheel.AL.E.—1st. 5s, gold...1926
130
St.Paul & N. P.—Gen., 6s..1923
Wheeling Div., 1st, 5s, g ...l9 2 8 *80*3 ---- -Norfolk & South’n—1st, 5s,g.l941 104*4
Brte'—1st, ext. g. 4 s ............... 1947 114 116
Extension
A
Imp,
g.,
5
b
.
.
.
.
.
1930
Norfolk* West.—General, 68.1931 '124*4
2d extended, 5s ............... —4919
Wis. Cent, income 5s.........1 9 3 7
New River 1st 6 s ........... ...1932 '119
8d, extended. 4*48.— ....... 1923 '112*4
* No prioe Friday; these are the latest quotations made this week.
i 76
THE CHRONICLE,
R oads.
im r je s tm m t
AND
R a i l r o a d I t t M I ig c t t c « .
RAILROAD
EARNINGS.
The following table shows the gross earnings o f every
s t e a m railroad from which regular weekly or monthly returns
can be obtained. The first two columns o f figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
including such latest week or month.
The retu rn s o f the street ra ilw a ys a r e b rou g h t tog eth er sep-
ar x itiy o n a subsequent p a g e .
ROADS.
Latest Gross Earnings.
Week or Mo 1897-98. 1896-97.
14,372
13,483
Adirondack....... Novemb’r.
39,621
32.117
Ala. Gt. South.. 2d wk Jan.
61,744
57,837
Ala. M idland... Novemb’r.
Ala. N. O.Tex. & Pao. June.
52.000
45.100
N. O rl.A N . E. «tthwkDee.
33.000
26,900
Ala. A Vioksb. 4thwkDec.
35.000
29.100
Vicks. Sh.&P 4thwkDec.
Allegheny Val.. Novemb’r. 236,016 176,997
29.424
21,191
Ann Arbor........ 2d wk Jan.
18,280
8,169
Ark. Midland... Novemb’r.
3,889,246
3,187,885
Atoh.T. & S.Fe.e Novemb’r.
Atlanta A Char. Septemb’r. 143,490 149,902
27,142
21,924
Atl. Knox. A No. December.
54,064
52,bl5
Atlanta A W. P. Novemb’r.
10,751
9,455
Atlan. A D anv.. 2d wk Jan.
Austin AN’ west Novemb’r.
19,406
28.265
Balt. A Ohio— December. 2,312,544 2,177,805
Bal. &O. Sou’ w. 2d wk Jan. 122,012 112,061
10,590
10,374
Bath A Ham’ nds O ctober...
2,523
2,232
Bir. A Atlantic. December.
50,188
49,752
Brunsw’kAW est Novemb’r.
69,573
56,551
Buff. Roch. APitt 2d wk Jan.
55,183
47,236
Buffalo A Susq.. December.
69.108
54.938
Bur.O. Rap. & N. lstw k Jan.
CanadianPacific 2d wk jan. 404,00* 325,000
5,046
4,088
Car. Midland... December.
Cent, of Georgia 2d wk Jan. 119,404 112,402
1,154,651
1,148,621
Central of N. J. Novemb’ r.
Central Pacific. Novemb’r. 1,399,595 1,069,418
40,960
Charlest’nASav. Novemb’r..
41,930
Ohes.A O h io.... 2d wk Jan. 239,803 218,919
Chic. B ur.A Q .d Novemu’r 3,803,298 2,823,310
80,553
Ohio. & East. 111. 2d wk Jan.
79.117
79,824
79,050
Ohio. Gt. West’n 2d wk Jan.
49,430
43,032
Chic. Ind. A Li.. 2d wk Jan.
Ohio.Mil. A St. P. 2d wk Jan. 540,574 455,873
Chic. AN ’thw’n. Novemb’r. 3,204,711 2,478,833
77,831
Chie.Peo.ASt.L. December
70,406
Ghic.K’k l. A P .. December. 1,518,110 1,237,135
Chio.St.P.M.AO, Novemb’r. 992,571 751,464
Chic.Ter.Tr. RR. 2d wk Jan.
21,648
25,193
25,873
22.266
Chic. AW . Mich 2d wk Jan.
20,875
Choc. Ok. A Gulf 3d wk Dec.
15.939
5,254
Cin.G.APorts’th December.
4,869
Cttn. N.O. A T. P. December. 340,544 304,082
11,444
Clev.Oan. A So.. lstw k Jan.
8,765
Gl.Cin.Oh.ASt.L lstw k Jan. 251,417 243,859
166,169 150,521
Peo. A East’n. December
31,327
21,240
Cl. Lor. A Wheel 2d wk Jan.
Col. M idland.... December. 148,516 140,952
OoL H. V. A Tol. December. 262,631 205,930
6,841
GoL.ARedM.ount July..........
14,729
Col. Sand’y A H. lstw k Jan.
12,582
1,600
Colusa A Lake.. December.
1,600
1,233
Crystal.............. Novemb’r.
465
60,734
Gumb’l’ d Valley Novemb’r.
69.538
Denv. A Rio Gr. 2d wk Jan. 150,000 112,200
Des M. A Kan.C lstw k Jan.
2,801
3,188
37,329
Des.M. N. A W.. December.
32,662
Det. G.Rap.AW. 2d wk Jan.
23.108
20,248
10,275
Det. A Lima No. 2d wk Jan.
33,989
Det. A Mackinac Novemb’r.
20,003
Duluth A Ir. R. October... 235,811 130,931
DuluthS.S.AAtl. lstw k Jan.
20,301
24,235
ElginJoLAEast. December. 129,924
82,850
E rie................... Novemb’r. 2,956,020 2,874,327
5,5o2
Eareka Springs. Novemb’r.
4,674
Evans. AInd’plis 2d wk Jan.
4,440
4,798
Bvansv. A T . H. 2d wk Jan.
20.760
23,368
Fitchburg.......... Novemb’r. 624,940 632,775
55,769
Fllnt.AP.Marq. 2d wk J an.
46,826
Fla. Cent. A Pen. lstw k Dec.
46,009
39,923
35,409
Ft.W’thADen.C. TthwkDee.
22,29
9,831
Ft. W. A Rio Gr. 2d wk Jan.
6,712
Gads. A Att. U. December.
840
865
Georgia R R — . 2d wk Jan.
33,191
33,958
24,460
Georgia A A la.. 2d wk Jan.
19,662
83,706
Ga.Oar’la A No. Novemb’r.
83,489
79,672
Geo. So. A Fla.. December.
76,239
Gr. Rap. A Ind.. 2d wk Jan.
35,118
29,513
6,8 D5
Cin.R. A Ft. W. 2d wk Jan.
6,724
917
508
Traverse City. 2d wk Jan.
2,372
Mus.G. R. A I. 2d wk Jan.
1,280
45,262
Tot. all lines 2d wk Jan.
38,023
Qr.Tr’nk Syst’m 2d wk Jan. 463,393 386,272
Chic. A Gr. Tr. 4thwkDec. 103,703 103,600
Det.Gr.H.AM. TthwkDee.
31,623
34,196
4,384
3,632
Cin.Sag.AMao 4thwkDee.
ToLS. AMusk. 4thwkDec.
3,024
3,147
Grea 1North’n—
St. P. M. A M. December. 1,529,266 1,273,469
East o f Minn.. December. 153,479 137,640
MontanaCent. December. 198,439 166,281
Tot. system. December. 1,881,184 1,577,390
10,031
14,636
G’ lfB’mntAK.O. December.
7,400
5,128
Gulf A Chicago. December.
3,300
3,300
Hoos.Tun. A Wil. December.
Hons. A Tex.Gen Novemb’r. 430,500 409,368
Illinois Centrall December. 12555393 12096516
36,591
36,017
Ind. Deo. A West. Novemb’r.
53.761
62,526
Ind. 111. A Iowa. Novemb’r.
75,578
67,578
In.AGt.North’D 2dwk Jan.
53,900
41,310
tlnteroc. (Mex.t Wk. Jan. 1
Jan. 1 to Latest D ate.
1897-98.
184,636
76,836
625,923
1896-97.
$
178,815
58,598
583,107
1,324,152 1,324,901
608,578
623,685
575,903
560,613
2,324,947 2,142.287
42,353
62,803
84,069
108,800
31.250.710 28,035,252
1,213,081 1,110,070
281,025
290,623
479,216
507,564
21,242
19,737
245,930
160,064
26,008,278 24,935,973
222,110
246.481
29,200
29,466
23,765
24,999
529,236
553,118
113,101
124,696
626,899
540,295
54,938
69,108
645,000
805,000
59,449
59,278
215,475
230,073
11,635,16e' 11,634,355
13,031,653 11,508,340
508,157
548,177
442,780
405,769
36.413.710 31,221,403
186,190
161,059
159,886
141,18«
100,017
86,077
1,044,700
859,988
30,798,960 29,730,715
833,300
879,615
16,842,898 15,421,698
7,925,447 7,496,236
44,255
50,386
49,327
41,906
1,207,196 1,030,488
3,659,112
11,144
251,417
1,750.071
58,370
1,748,729
2,533,605
71,836
14,729
23,055
12,404
757,329
298,400
3,188
430,480
44,849
19,956
434,617
2,463,402
24,235
1,202,541
30,343,777
58,883
9,940
42,393
6,686,991
101,550
2,212,381
1,302,713
19,165
8,686
62,411
47,544
815,237
873,861
68,617
13,044
1,664
4,874
88,199
874,278
3,083,327
988,785
123,604
111,509
376,853
1,920,193
20,301
1,278,103
28,796,314
55,671
8,877
38,588
6,700,874
87,557
1,975,511
1,010,879
11,716
10,604
62,205
40,210
771,146
881,855
57,075
12,923
957
3,214
74,169
728,472
3,150,990
958, l i x
127,108
83,829
16,691,071
1,970,627
2,085,726
20,747,424
132,714
52,105
54,231
3,309,717
124723399
15,771,859
1,933,745
1,926,488
19,632,092
97,31«
47,860
50,526
3,342,179
121783291
3,371,650
8,765
243,859
1,703,544
37,773
1,824,037
2,480,924
12,582
19,591
9,745
756,002
215,400
2,801
442,2r>4
36,778
687,599
682,089
155,422
125,612
2,651,310 2,321,678
[VOL. LXVL
Latest Gross Earnings.
WeekorMo\ 1897-98.
1896-97.
Jan. 1 to Latest -Date.
1897-98.
$
58,814
39,547
273,855
19,526
76,920
28,710
362,553
5,168
116,371
15,734
7,728
125,582
387,826
1896-97
28,006
Iowa C entral...¡2d wk Jan.
29,786
52,027
Iron R ailw ay... December.
4,291
4,268
44,148
Jack. T. A K. W.lNovemb’r.
22,174
25,299
282,280
10,151
9,756
Kanawha&Mich 2d wk Jan.
19,554
K.C.F.Scott AM. lstwk Jan.
76,920
64,115
64.115
K.C.Mem. A Bir. lstw k Jan.
28,710
24,095
24,095
39,263
Kan.C. N. W .... December.
42,107
297,141
Kan.City AOm . lstw k Jan.
5,i 68
4.925
4,925
K.
O.Pitts. A G .. 2d wk 68,526
Jan.
21,682
44,530
8.153
5,783
Kan.C. Sub. Belt 2d wk J an.
11,019
7,728
KeokukAW est. IstwkJan.
6,275
6,275
65,562
62,731
L. Erie A West. 2d wk Jan.
113,102
36,608
Lehigh A H ud.. December.
32,019
390,851
Lehigh Val. RR. Novemb’r. 2,160,747 2,074,051
Leh. V. Coal Co. October. .. 2,536,334 2,081,871
15.614
Lex’gtonAEast. Novemb’ r.
12,167
188,771
178,250
Longlsland RR. December. 282,832 243,797 4,148,096 3,938,240
291.694 251,036 4,500,732 4,308,135
Long Is. System December
7,384
Los Ang. Term. December.
4,832
93,248
83,379
27,375
Louis.Ev.ASt.L. 2d wk Jan.
22,288
50,781
42,378
7,679
Lou. H. A St. L.. 2d wk Jan.
7,374
15,390
13,598
Louisv.ANashv. 2d wk Jan. 407,215 377,645
787,960
734,955
6,601
M aconA B irm .. Deceuiber.
5,423
67,079
61,984
4,640
Manistique. . . . . December.
5.925
110,360
116,564
MemphisAChas. IstwkJan.
29,977
20,309
29,977
20,309
{Mexican Cent.. 2d wk Jan. 243,381 234,744
460,551
448,622
Mexican InterT. Septembr. 242.188 214,844 2,259,747 2,110,013
[Mex. National. 2d wk Jan. 112,457
92,367
216,119
176,582
Mex. Northern. Novemb’r.
39,036
36,«97
537,177
662,008
[Mexican R ’way Wk. Jan. 1
79.000
73.000 3,784,754 3,275,609
15,660
Mexican So.......4thwkDec.
16,537
677,411
549,316
31,124
Minneap.ASt.L. 2d wk Jan.
32,052
58,759
57,216
M.
StP.AS.St.M. 2d wk 7^,898
Jan.
47,240
134,213
89.581
Mo. Kan. A Tex. 2d wk Jan. 245,264 221,871
473,445
420,001
Mo.Pac.AIronM 2d wk Jan. 493,000 397.000
908,000
718,00ft
Central Br’oh. 2d wk Jan.
25.000
18.000
46,000
29,000
518,00t
415.000
Total............2d wk Jan.
954,00b
747,000
Mobile A Birm.. lstw k Jan.
9,634
6,111
9,634
6,111
Mobile A Ohio.. December. 400.600 367,132 4,012,276 3,715,761
99,911 1,285,563 1,035,090
Mont.AMex.Gif Novemb’r. 123,763
Nash.Ch.ASt. L. December. 458,379 433,899 5,460,929 5,004,914
Nel. A Ft. Sh’p’a October...
13,114
7,718
Nevada Central. October...
4,305
3,498
33,310
29,737
N. Y. C. A H. R .. December. 3,674,592 3,638,168 45,609,139 44,075,029
N Y. Out. A W .. 2d wk Jan.
67.640
63,559
114,711
109,736
N.Y.Susq.A W .. Novemb’r. 220.601 210,654 2,036,279 2,067,753
Norfolk A West. 2dw kJan. 219,761 237,394
441,193
462,213
Northes’n (Ga.). O ctober...
9,228
8,295
52,086
52,044
North’n Central Novemb’r. 615,187 551,897 6,146,263 5,766,482
North’n Pacific 2dw kJan. 313,334 233,806
620,542
435,023
15,372
Ohio River........ 2dw kJan.
14,587
32.29b
32,939
OhioRiv.AChae December.
16,772
16,060
184,840
184,579
Ohio Riv. AL.E. December.
2,664
2,055
Ohio Southern.. December.
78.606
42,387
711,312
701,228
Om.Kan. C. AE. ithwkDec.
21,438
16,956
702,615
608,827
Oregon Imp. Oo. O ctober... 349,002 277,383 3,251,600 2,720,562
Oreg.RR.ANav. 2d wk Jan. 102,689
74,045
219,325
152,606
Oreg. Sh. Line.. Novemb’r. -548,317 526,477 5,438,526 5,105,882
Pacific M ail..... Novemb’r. 338.080 324,051 3.852.407 3.579.623
Pennsylvania.^. Novemb’r. 5,819,924 5,246,424 58,605,272 56.904,272
PeonaDeo.AEv. 2d wk Jan.
16,698
16,513
35,876
31,122
Petersburg........ ISovemb’r.
42,76b
42.346
519.901
508,938
Phila. A E rie.... Novemb’r. 496,164 476,596 4,255,057 4,161,177
Phila. A Read... Novemb’r. 1,924,717 2,003.801 19,365,836 19,295,127
Coal A ir . Co.. Novemb’ r. 2,227 059 2,030,039 20.423,545 20,966,722
Tot. both Co’ s. Novemb’r. 4,151.776 4,033,840 39,789,381 40,261,849
Ph.Read. AN.E Novemb’r.
606,884
68.213
54,262
632,291
Phil. Wilm. A B. Novemb’r. 753,859 672,259 8,197,246 8,205,918
Pitts.C.C.ASt.L. December. 1,527,506 1,230,346 15,149.793 14, .39,029
Pitts.Lisb.AW’n December.
4.891
47.541
4,308
43.994
Pltts.Bes.AL.E. December.
49,555
642,593
75.595
639,512
Pittsb. A Wes’n 2d wk J an.
44,415
23,603
23,485
46,970
Pitts. Cl.ATol 2d wk Jan.
14.214
10,106
25,902
20,213
Pitts. Pa. A F . 2d wk Jan.
3,424
6,492
1,998
3,996
Total system.. 2d wk Jan.
76,809
41,241
35,589
71,179
6 a,892 1,462,757 1,383,101
Pitt.Young.A A. December. 113,150
Rioh.Fr’ksb AP. Novemb’r.
643,499
48,999
55,260
642,464
25,49c
25.346
Rich. A Petersb Novemb’r .
309,179
313,402
Rio Grande Jet Novemb’r.
26.355
37,459
Rio Gr. South’n 2d wk J an.
9,156
5,793
17,209
11,344
Rio Gr’de West 2d wk Jan.
51,500
90,500
35,850
69.000
20.000
St. Jos. A Gr. I ... 2d wk J an.
43,000
17,700
38.000
St.L. Ch.A St. P. December.
25,500
33.000
30s,308
297,847
St.L.Ken’etASo December.
66.123
5,981
6,580
St.L.ASanFran 2dw k Jan. 117,634 104,167
212,693
189,539
8t.L. Southwest 2d wk Jan. 106,100
201,800
92,600
174.400
St. Paul A Dul. December. 118,483 107.405 1,608,569 1,537,461
San Ant. A A. P Novemb’r. 205,414 233.004 1,861,431 1,899,815
SanFran. A N.P December.
59,324
805,660
51.181
744,092
S.Fe Pres. A Ph. Novemb’r.
67,373
56,928
Sav. Fla.AWest. Novemb’r
297.694 295.921 3,112,465 3,118,489
13,234
328,547
11,623
Sher.Shrev. ASo. 14thwkDec.
314,944
13,668
12,562
Sil.Sprs.O. A G.INovemb’r.
174,090
175,487
Silverton..........December.
5,500
3,843
30,637
21,232
205,562
253’,622
Sioux C. A Nor. Novemb’r.
So.HavenAEast December.
1,923
27,786
26,806
1,658
So. Pacific Co.—
Gal.Har. A S.A Novemb’r. 408,971 507,190 4,010,582 4,643,188
802 OLI
62,166
86,115
831,891
Louis’a. West. Novemb’r.
Morgan’sLAT. Novemb’r. 505,5a3 613,241 4,492.777 4,696,896
35 899
40,059
259,462
N.Y.T. AMex. Novemb’r.
317.200
Tex. AN. Orl.. Novemb’r. 108,467 130 671 1,301,271 1,237,385
Atl. Prop’tes.ö Novemb’r. 1,164,275 1, 411,464 11.119,312 11.872,952
Pacific System Novemb’r. 3,302.107 2. 682,970 31,648.783 29,118,917
Total of all./ Novemb’r. 4,896 8 i l 4i 503.802 46,077 811 44,321,843
So. Pao. of Cal. Novemb’r. 960,221 793,185 9 356,056 9 082,990
8o.Pao.ofAriz. Novemb’r. 235,233 214.634 2,306,860 2,060,799
So.Pao.ofN.M. Novemb’r. 108,862 106.841 1,205,799 1,041,864
Northern R y.. Novemb’r. 210,932 190,717 2,083,981 2,031 007
701,006
Southern R y___ 2d wk Jan. 382.033 362.995
728.9H
49,521
44,089
518,673
356,995
Spok.F’ls ANor. O ctober...
1,092
1,381
33.895
38 562
StonyCl. A C.Mt. Novemb’r.
5,790
7,454
7,454
5,790
Texas Central.. IstwkJan.
315,305
272,725
Texas A Pacific. 2d wk Jan. 168,702 147,435
4,569
3,597
Tex. S.Y.A N.W. Septemb’r.
38,154
31,510
63,483
65,828
Tol.AOhioCent. 2d wk Jan.
19,440
16,213
19.440
16,213
Tol. P. A West.. IstwkJan.
37,424
37,924
72,823
75,177
Tol. St. L. A K.C. 2d wk Jan.
Union Pacific—
Union P .R R .. Novemb’r. 1,696,410 1,363,337 15,003,829 13,206,698
Ach.O ol.AP.) Novemb’r.
48.6611 31,143
470,657
301,464
Aoh.J.G.AW >
25,000
18,000
46,000
Cent.Branch < 2d wk Jan.
29,000
75,591 1,029,554
697,171
Cen.Br.AL’dL Novemb’r. 104,628
GFd total. Novemb’r. 1,988,962 1,501,810 17,692,296 15,087,533
87,304
64,611 3.547,585 3,101.710
Un.P.Den.A G..4thwkDec.
January 22, 1898.J
THE CHRONICLE
Latest Gross Earnings.
R oads .
Week or Mo 1897-98.
1896-97.
Jan. 1 to Latest Date.
1897-98.
$
$
$
197,046
433,830
371,550
32,236
207,024
243,498
145,902 2,387,366 2,402,102
93,387 1,137,553 1,162,612
35,164
329,859
326,826
62,475
539,370
532,151
53,200
108,900
102,600
20,523
55,716
36,876
63,825
160,394
124,315
8,289
80,668
84,750
5,718
64,395
63,286
* Figures given do notinolude Oregon By. & Nav., Un. Pao. D enver*
Gulf, Denver Leadville & Gunnison, Montana Uniou and Leavenworth
Topeka & Southwestern, a These figures include results on leased lines
6 Includes earnings from ferries, etc., not given separately, t Mexi
can currency, c Includes only half of lines in which Union Pacific has
a half interest, d Includes operations of the Ohio. Burlington & North
ern in both years. $ Covers results of lines directly operated east of
Pittsburg.
+ Chesapeake Ohio & So’ western included, beginning with July, Ohio
Valley,beginning with August, and Chicago & Texas beginning Octo
ber, but each road for this year only.
e Figures from July 1 include results on A. T. & S. Fe, Gulf Col. &
8. Fe, S. Fe Pacific (old Atlantic & Pacific' and So. Cal. By. Results
on Sonora By. and New Mexico & Arizona By., formerly included, are
excluded after Julv 1.
Wabash............. 2d wk Jan.
Waco & Nor thw. Novemb’r.
W.Jersey*Sea’e Novemb’r.
W.V.Cen APitts December.
WestVa.* Pitts. O ctober...
Western of Ala. Novemb’r.
West. N.Y.&Pa. 2d wk Jan.
Wheel. & L. Erie 2d wk Jan.
Wisconsin Cent. 2d wk Jan.
Wrightsv.&Ten. Novemb’r.
York Southern. Novemb’r.
1st week o f January.
1896-97.
$
228,571
24,295
147,463
98,306
36,285
50,234
57,800
29,653
8*,835
9,158
6,080
Grand Trunk........ .......)
Chic. & Grand Trunk SDet. Gd. H. & M........ )
Kan. City Ft. 8. * M em ..
Kan. C. Mem. & Birm___
Kansas City & Omaha...
Keokuk & Western.. . . . . .
Memphis & Charleston .
Texas Central ................
Toledo Peoria & West’n ..
Total (80 roads) . . . . . . .
Net Increase (18*28 p.e.).
177
1898.
1897.
Increase.
$
$
$
Decrease. !
$
410,885
342,200
68,685
. . . . --
76,920
28,710
5,168
7.728
29,977
7,454
19,440
64,115
24,095
4,925
6,275
20,309
5,790
16,213
12,805
4,615
*****’ •••
..........
••••
6,762,436
............
5,717,108
............
1,056,573
1,045,328
243
1,453
9,668
1,664
3,227
11,245
Net Earnings U ou th lf to Latest Dates.—The follow ing
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character and in that form is given once a month. Early re
turns an- published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re
turns aie brought together here in the week in which we pub
lish ou* monthly article on net earnings—say on or about the
20tb of the month.
j.n e r e tu rn s o f tn e s treet r a ilw a y s w e g iv e b y them selves
Latest Gross Earaiags by Weeks —The latest weekly earn
u n d er a sep a ra te h ead a t the e x trem e en d o f th ese ta b u la tio n s
ings in the foregoing are separately summed up as follows:
— see p a ge 180.
For the second week of January our preliminary statement
-----dross Earnings.------------ Net Earnings.----- .
1897.
1896.
1897.
covers 66 roads, and shows 15*98 per cent increase in the
1896.
Roads.
$
aggregate over the same week last year.
Adirondack.............. Nov.
14,372
13,483
2,703
2,438
2d week of January.
Ann Arbor . . . ............
Atlantic & Danville.
Bnttalo Booh. & Plttsb’g
Canadian Pacific. . . „.......
Central of Georgia..........
Chesapeake & Ohio........
Chicago * East. Illinois.
Ohio. Great Western.......
Chic. Ind’plis & St. L. ..
Chicago Milw. & St. Paul
Chic. Term. Transfer__
Chicago & W. Michigan.,
□lev. Lorain & Wheel’g..
D en ver* Bio Grande...
Det. GJ. Rapids & West.
Evansv. * Indianapolis..
Evansv. & Terre Haute..
Flint & Pere Marquette..
Ft. Worth * Rio Gr........
Georgia.............................
Georgia * Alabama........
Grand Rapids*Indiana.
Cincinnati B. * Ft. W..
Traverse City................
Musk. Gr. Rap. & Ind .
Grand Trunk,...............)
Chicago AGr’d Truns >
Det. Gr.Hav. & M llw.)
International & Gt. No..
Iowa Central...................
K anaw ha* M ichigan....
Kan. City Pittsb. & Gulf
Kan. City Sub, Belt . . . . .
Lake Erie * W estern.....
Louisv. Evansv. & St. L.
Louisville H ead.* St. L..
Louisville & Nashville...
Mexican Central..............
Mexican National...........
Minneapolis & St. Louis.
Minn. St. P. & Ste. S. M.J
Mo. K ansas* Xwxas..._.
Mo. Pacific & Ir,' \Mt__
Central Branch. ..........
N. Y. Ontario & Western
Norfolk & Western..........
Northern Pacific........ .
Ohio R i v e r .. . . . . .............
Oregon RR. & Nav..........
Peoria Dec. & Evansv...
Pittsburg & Western.....!
R»o Grande Southern....
Kio Grande W estern.....
Bt. Joseph * Gd. Island..
St. Louis & San Fran ...
Bt. Louis Southwestern..
Southern R a ilw a y .......
T e x a s * Pacific. . . . . . . . .
Toledo & Ohio Central...
Tol. St. L. & Kan. City...
Wabash.............................
Western N. Y. & Penn...
Wheeling & Lake E rie...
Wisconsin C en tra l.......
Total (66 roa d s)....... .
Net increase <15*93 p. c.)
1898
1897.
$
39,621
29,42 t
10,751
122,012
69,57i
404,000
119,401
239,803
80,553
79,824
49,430
540,574
22,607
25,873
31,327
150,000
23,108
4,798
23,368
55,769
9,831
33,191
24,460
35,118
6,855
917
2,372
%
32,117
21,191
9,455
112,061
56,551
325,000
112,402
218,919
79,117
79,05
43,032
455,873
25.193
22,266
21,240
112,200
20,248
4,449
20,760
46,826
6,712
33,953
19,662
29,513
6,724
506
1,280
463,393
386,272
77,121
75,578
29.786
9,756
68,526
8,153
65.5b2
27,375
7,679
407,215
243,381
112,457
31,124
72,898
245,264
493,000
25.000
67,640
219,761
313,334
14,587
102,689
16,698
41,241
9,156
51,500
20,000
117,634
106,100
382,033
168,702
31,510
37,924
228,571
57,800
29,653
88,835
67,578
28,006
10,151
21,682
5,783
62,731
22,288
7,374
377,645
234,744
92,367
32,052
47,240
221.871
397,000
18.000
63,559
237,394
233,806
15,372
74,045
16.513
35,589
5,793
35,850
17,700
104,168
92,600
362,995
147,435
38,154
37,424
197,046
53,200
20,523
63,825
8,000
1,780
6,726,078 5,802,030
Increase.
»
7,504
8.231
1,296
9,951
13,022
79,000
7,002
20,864
1,436
774
6,398
84,701
3,607
10,087
37,800
2,860
349
2,608
8,943
3,119
4,798
5,605
131
411
1,092
46,844
2,370
2,831
5,087
305
29,570
8,637
20,090
25,658
23,393
96,000
7,000
4,081
79,528
23,644
185
5,652
3,363
15,65 i
2,300
13,466
13,5*^0
19,038
21,267
500
31,525
4,600
9,130
25,010
953,736
923.9981
Decrease.
S
2,586
767
........
395
928
17,633
785
6,644
............
29,738
For the first week o f January our final statement covers
80 roads, and shows 18*28 per cent increase in the aggregate
over the same week last year.
l#i week o f January.
Previously rep’d (65 r’ds)
Cleve. Canton & South’n.
Col. Sandusky & Hook’g
Des Moines & Kan. City..
Ddiutn so. Shore & Atl
Georgia & Alabama........
1898.
1897.
$
$
6,099,474 5,168,189
11,444
8,765
14,729
12,582
3,188
2,801
24,235
20,301
23,084
20,548
Increase.
$
942,530
2,679
2,147
387
3.934
2,536
Decrease.
11,245
Jan. 1 to Nov. 30.......
181,636
178,815
55,217
55,962
Alabama Gt.South. a. Nov.
177,215
154,286
81,748
70,901
Jan. 1 to Nov. 30....... 1,474,349 1,375.273
433,480
382,069
July 1 to Nov. 30___
727,852
694,246
268.836
257,476
Alabama Midland....Nov.
57,837
61,744
3,540
18,487
Jan. 1 to Nov. 30....... «625,923
583,107
105,601
90,769
230,685
July 1 to Nov. 30_
278,972
55,804
53,316
Allegheny V alley....N ov.
236,016
176,997
104,611
53,821
Jan. 1 to Nov. 3 0 ..... 2,321,947 2,142,287
982,133
759,536
Ann ArDor..................Nov.
119,645
96,380
43,497
Jan. 1 to Nov. 30... 1.190,063 1.056,603
390,062
Arkansas Midland...Nov.
18,280
8,169
11,541
3,066
Jan. 1 to Nov. 30....
108,800
84,069
21,320
10,145
Atoh. Top &S.Fe.b..*Nov. 3,889,246 3,187,885 fl.373,663 H,031,635
Jan. I to Nov. 30.. ...31,250,710 28,035,252 7.880,450 7.755499
July 1 to Nov. 30.......16,816,65114.445,020 15.113,009 14.372Ì695
28,012
22,765
Atl. Knoxv. & No__ Nov.
5,956
5,423
Jan. Ito N o v . 3 0 . . . .
263,181
259,273
65,325
30,904
Atlanta & W. Point..Nov.
54,061
52,615
26,290
25,364
Jan. 1 to Nov. 30. . . .
507,564
479,216
204,033
185,833
243.531
238,199
July 1 toN ov. 30......
106,616
97,093
Atlantic* Oanv’e.a..Nov.
50,693
50,062
16,086
11,891
Jan. 1 to Nov. 30.......
491,699
499,748
130,401
116,995
July 1 to Nov. 30.......
230,455
231,495
65,077
58,408
Austin & Northw’n..Nov.
19,406
23,255
6,860
13,483
Jan. 1 to Nov. 30.......
160,064
245.930
38,630
85,976
Baltimore AOhio.lt>..Nov. 2,254,712 2,183,216
604,180
478,302
Jan. 1 to Nov. 30.......23,695,734 22,758,168 5,334,005 5,508,914
July 1 to Nov. 30.......11,626,964 11,335,547 3,198,159 2,834,430
Balt.&Ohio Southw..Nov.
534,763
495,620
153,190
141,207
Jan. 1 to Nov. 30....... 5,850.509 5,633,326 1,789,224 1,751,621
Julv i toN ov. 30....... 2,882,535 2,625,732
931,931
837,005
Bath & Hammonds...Oct.
10,590
10,374
8,533
8,328
Jan. 1 to Oot. 31.......
29,200
29,466
12,391
12,951
J u ly lto O o t . 3 1 ....;
19,019
19,075
11,932
11,776
Birm. & A tlantic.b ..Nov.
4,170
2,506
2,039
852
Jan. 1 to Nov. 30.......
22,476
21,533
5,339
2,048
July 1 to Nov. 30.......
12,057
11,126
4,241
3,659
Bost. Rev. B. & Lynu—
Oct. lt o D e o . 31.......
54,293
51,301
10,022
7,237
Jan. 1 to Deo. 31.......
277,290
245,016
82,626
52,614
Brunswick & West...Nov.
50,188
49,752
13,094
17,744
Jan. 1 to Nov. 30.......
529.236
553,118
182,429
191,998
July 1 to Nov. 30.......
255,430
253,402
96,723
96,981
Bufi. Rooh.& Pitts.b..Nov.
322.100
301,898
125,133
106,065
Jan. 1 to Nov. 30....... 3,165,285 3,082,400 1,080,684 1,007,047
July 1 to Nov. 30. . . . 1,613,043 1,539,649
596,139
526,921
Buffalo & 8usqueh.a.Deo.
55,183
47,236
19,210
24,128
.¿¿¡¡È;Jan. 1 to Deo. 3 1 .....
626,899
540,295
291,457
261,669
t<¡) July 1 to Deo. 31.......
356,890
309,789
166,991
170,708
Buri. Ced. R. & No.a.Nov.
427,3 74
333,727
126,762
88,342
Jan. I to Nov. 30....... 3,920,783 4,067,598 1,137,626 1,019,178
CanadianPacific.a..Nov. 2,540,451 1,934,684 1,189,733
862,148
Jan. 1 to Nov. 30.......21,726,792 18,755,728 9,250,321 7.183.150
Carolina Midland..... Deo.
5,046
4,088
1,811
1,075
Cent, o f Georgia.a...Nov.
604,279
519,475
277,183
215,442
Jan. 1 to Nov. 30....... 4,844,095 4,767,542 1,655,031 1,509,617
July 1 to Nov. 30....... 2,463,560 2,344,431
953,390
860,938
Cent, of N. Jersey. a.Nov. 1,154,651 1,148,621
495,602
501.157
Jan. 1 to Nov. 30.......11,635,165 11,634,355 4,512,853 4.366.150
Central Pacific.b....N ov. 1,399,595 1,069,448
628,573
416,552
Jan. 1 to Nov. 30.......13,031,653 11,508,340 5,581,314 4,419,839.
Char. & Savannah. ..Nov.
40,960
41,930
4,552
9,072
Jaq. 1 to N jv . 3 0 .....
548,177
508,157
146,994
119,183
July 1 to Nov. 30.......
198,546
184,203
22¿907
26,383
Ches. & Ohio.a ......N o v . 1,007,505
875,036
331,346
297.157
¿Jan. 1 to Nov. 30.......10,259,616 9,356,376 3,211,394 3,037,287
^8 July 1 to Nov. 30....... 4,909,964 4,339,712 l,e60,647 1,505,327
Ohio. Burl.*Quln.b.§ Nov. 3,803,298 2,823,310 1,470,389 1,140,600
Jan. 1 to Nov. 30.......36,413,710 31,221,403 14,578,442 11,689,812
July 1 to Nov. 30... ..19,471,863 15,629,285 8,299,745 6,692,730
Chicago Gt. West’ n..N ov.
474,147
319,848
139,182
52,52 0
July 1 to Nov. 30....... 2,398,094 1,978,526
798,158
533,220
Chic. Ind. & Louis__ Oot.
325,109
257,057
133,369
81,191
July 1 to Oot. 31....... 1,247,051 1,012,208
469,036
323,402
Ohio. M. & 8t. P.a...N ov. 3,328,446 2,738,520 1,470,416 1,255,629
íJsSlJan. 1 to Nov. 30....... 20,361,681 28,781,509 11,402,921 10,646,293
ÆSIJuly 1 to Nov. 30.....15,613 198 14,167,405 6,278,571 5,543,868
Chic. Peo. & St. L...Sept.
68,216
68,141
21,731
14.760
üä&July 1 to Sept. 3 0 ....
190,970
213,952
62,274
61,041
178
THE (JHR0N1CLE.
r- —Gross Earnings.— , -Net Earnings.----1897.
1896.
1897.
1896.
Boaclt.
$
$
60.441
Ohio. Term. Traust..Nov.
93,528 . .............
308,878
July 1 to Nov. 30.......
456,812
............
20,836
30,341
Ohio. & West M loh...Nov.
147,826
129,261
296,022
319.091
Jan. I to Nov. 30....... 1,515,653 1,518.595
38,445
77,960
Ohootaw Okla. & GL.Nov.
169,130
116,920
2*3,739
332,133
Jan. 1 to Nov. 30....... 1,140,206
983,036
109,013
117,569
Oin.N.Orl.* Tex.P.a.Dec.
340,544
304,082
902,706
Jan. 1 to Deo. 3 1 ..... 3,659,112 3,371,650 1.252.6H0
497,830
633,166
July 1 to Deo. 31. . . . 1,939,876 1,721,269
6,072
17,616
Clove. Canton & 8o . Nov.
66,138
56,154
125,872
112,397
599,193 651,331
Jan. I to Nov. 30.........
58,582
70,610
July 1 to Nov. 30..........
287,898 323,904
248,562
266,620
ClOV.Cin. C.&St.L.a..Nov. 1,209,479 1,019,842
Jan. 1 to Nov. 30....... 12,523,509 11,807,013 2,957,312 2,788,049
July 1 to Nov. 30....... 6,095,822 5,484,974 1,383.002 1,334,529
10,629
39,650
P e o ria * East’n.a..Nov.
148,448
114,394
329,327
352,374
Jan. L to Nov. 30....... 1,583,902 1,553,022
132,34)
189,403
July 1 to Nov. 30.__ • 786,178
682,856
23,321
56,184
d e v . Lor. & Wheel...Nov.
149,064
86,053
345,243
413,538
Jan. 1 to Nov. 30. . . . 1,239.355 1,201,228
150,376
215,707
July 1 to Nov. 3 0 .....
632,698
510,644
26,990
45,128
-Colorado Midland— Oot.
177,277
154,793
342,359
349,145
Jan. 1 to Oct. 31....... 1,450,328 1,5 23,551
84,160
169,776
July 1 to Oct. 31..........
655,188 575,917
I, 970
Oolumb. & Red Mt...July
............
17,098
Jan. 1 to July 3 1 .....
71,836
........
10,211
25,030
Col. Sand. & Hock’g. Nov.
97,411
62,478
118
548
C r y s t a l ........- --. --Nov.
1,233
465
736
6,547
Jan. 1 to Nov. 3 0 .....
12,404
9,745
14,625
21.284
Cumberland Valley..Nov.
69,538
60,734
231,132
243,009
Jan. 1 to Nov. 3 0 .....
757,329
756,002
248,403
313,576
Den.&R, Grande.b-.Nov.
808,165
609,750
2,686,072
2,846,628
Jan. I t o Nov. 3 0 ..... 6,890,203 6,670,810
July 1 to Nov. 30....... 3,714,549 3,201,894 1,513,320 1,320,591
3,285
3,982
Des Moines & K. C...Oot.
16,352
10,878
29,332
15,615
Jan. 1 to Oot. 31..........
134,668
96.643
10,171
11,798
Des Moines No. & W. Nov.
39,404
36,832
126,470
77,855
Jan. 1 to Nov. 30.........
393,151 409,592
9,769
30,401
Det. ö d . Rap.& W.a. Nov.
120,173
93,433
135,806
259,392
Jan. 1 to Nov. 3 0 ..... 1,198,540 1,092,475
1,103
10,417
Detroit & Mack’ o.a..Nov,
33,989
20,003
117,46»
108,991
434,617 376,853
Jan. 1 to Nov. 30_____
23,260
37,579
July 1 to Nov. 3 0 ,....
170,328
118,451
30.974
33,566
Elgin Joliet & E.a-.N ov.
101.340
,94,481
311.230
413,318
Jan. I to Nov. 3 0 ..... 1,072,617 1,195,253
186,533
143,176
July 1 to Nov. 3 0 ....,
507,870
536,274
797,862
819,192
Erie..a.......................Nov. 2,956,020 2,874,327
Jan. 1 to Nov. 30. ....30,343,777 28,796,314 7,880,994 7,679,027
July 1 to Nov. 30.....15,447,668 14,085,311 4,509,867 4,280,631
2,589
3,297
Eureka Springs......N ov.
5,552
27,929
27,409
Jan. 1 to Nov. 3Ò .....
58,883
55,671
50,917
72,821
Flint & Pere Marqi.a.Nov.
247.229
188,225
603,86 >
673,505
Jan. 1 to Nov. 30....... 2,532,783 2,362,952
89,043
62,526
Ft. W. & Denv. City..Nov.
178,752
134,724
374,761
209,07»
Jan. 1 to Nov. 30....... 1,163,627
910,782
18,460
37,722
Ft, Worth & Rio Gr..Oot.
60,681
38,607
394
390
Gadsden & Att. Un. .Deo.
840
865
5,001
3,419
Jan. 1 to Dec. 3 1 .....
8,636
10,604
69,414
53,537
G e o r g ia .a ..... . . . . . ..Nov.
167,697
162,337
415,651
371,611
Jan. 1 to Nov. 30....... 1,450,836 1,410,031
July 1 to Nov. 3 0 .....
723,675
714,742 g214,106 g258,06L
29,576
38,535
Georgia & Alab’a.a-.N ov.
114,208
89,392
244,422
274,687
781,886
Jan. 1 to Nov. 30....... 1,009,427
170.441
154,977
July 1 to Nov. 30.......
512,741
438,655
26,254
26,995
Ga. South. & Fla.a..N ov.
80,733
71.6?9
249,036
201,528
Jan. 1 to Nov. 30.......
794,189
805,614
132,521
128,415
July 1 to Nov. 3 0 ,....
387,263
380,375
21,852
61,283
Gd. Rapids &Ind....Nov.
225,146
166,954
589,698
396,069
Jan. 1 to Nov. 3 0 ,.... 2,319,992 2,271,547
438,252
645,876
Gr. Trunk of Canada.Nov. 1,832,635 1,612,509
Jan. I to Nov. 30....... 17,521,897 16,925,718 6,088,748 5,123,376
July 1 to Nov. 3 0 ..... 9,139,222 8,615,804 3,363,829 2,742,173
16,373
9,145
Chic. & Gr. Trunk..Nov.
249,253
249,545
345,208
251,508
Jan. 1 to Nov. 30....... 2,791,336 2,859,436
156,165
80,307
July 1 to Nov. 30.__ 1,352,662 1,262,683
4,380
22,966
Det. Gr.H. & M il. .Nov.
88,840
76,352
99,167
234.230
Jan. 1 to Nov. 3 0 .....
938,921
875,213
14»,646
72,887
July 1 toNov. 3 0 .....
479,003
443,312
1,585'
2,574
Gulf & Chicago.b....N ov.
8,475
6,490
9,455
9,462
Jan. 1 to Nov. 30.......
44,680
42,732
2,162
1,274
Hoosao Tun.&W il.-.Nov.
4,684
8,218
198,902
184,079
Houston & Tex.Cent.Nov.
430,500
409,368
983,003 1,024,048
Jan. 1 to Nov. 3 0 ..... 3,309,717 3,342,179
753,666
756,794
July 1 to Nov. 3 0 ..... 1,802,487 1,834,571
992,955
489,467
IllinoisCentral.a4..N ov. 2,563,709 1,869,566
Jan. 1 to Nov. 30.....22,168,006 19,686,775 6,553,324 5,477,016
3,597,918
2,642,694
July 1 to Nov. 30.....11,509,057 9,312,72,
16.823
11,380
Indiana 111. & Iowa..Nov.
62,526
53,761
186,932
168,041
Jan. 1 to Nov. 30.......
687,599
682,089
62,653
49,830
July 1 to Nov. 3 0 .....
294,527
280,125
54,497
31,248
Iowa Central.b........ Nov.
167,208
126,019
505,102
533,779
Jan. I t o Nov. 30....... 1,565,622 1,593,236
289,703
212,221
July 1 to Nov. 30___813,363
687,591
1,491
835
Iron R ailw ay.b.......-Nov.
3.750
3,283
9,628
5,527
Jan. 1 to Nov. 30.......
3^56
39,880
4,740
2,509
July 1 to Nov. 3 0 .....
17,243
15,555
3,328 def.3,065
Jack. Tam. & K. W...Nov.
25,299
22,174
6,027
25,476
Jan. 1 to Nov. 30......
273,855
282,280
5,022
II,
686
Apr. 1 to Nov. 30.......
186,323
192,350
10,549
16.285
Kanawha & Mich.b..Nov.
51,217
38,122
100,095
130.231
Jan. 1 to Nov. 30.......
487,448
418,096
45,412
74,368
July 1 to Nov. 30.......
243,311
188,075
1128.916
123,011
Kan. C. Ft. 8. & M.a..Nov.
466,157
383,970
Jan! I t o Nov. 30....... *,486,820 4,094.382 1,396,851 1,304,205
711,540
649,410
July 1 to Nov. 3 0 ..... 2,218,521 1,957,796
47.823
41,250
Kan. C. Mem.&B.a..Nov.
121,430
120,442
231,054
246.740
Jan I t o Nov. 30....... 1,069,701 1,070,194
Ì6^
808
119,546
July 1 to Nov. 30.......
485,362
531,897
124,083
17,290
Kan. C. Pitts. & Q.b.Nov. „302,643
765,446
155,878
Jan. 1 to Nov. 30....... 2,151,035
767,»74
16,506
Kan. C. & Sub. Belt..Nov.
37,870
........
12.975
13,354
Keokuk & West’ u.b..Oct.
38.736
36,125
105,984
116,893
30688 Jan. 1 to Oot. 31.......
347,457
330,266
[VOL. LX\ I.
,-----Gross Earnmgs.-----» — Net Earnings.— —,
1897.
1896.
1897.
1896.
Roads.
iS
$
$
$
L. Erle All. & So.a..9ept.
3,889
4,406
dof.132
841
Jan. 1 to Sept. 30 . . .
45,446
42.404
3,678
2,638
Lake Erie & West.b..Nov.
277,113
242,646
125,386
93,618
Jan. 1 to Nov. 30. . . .
3,125,998 3,057.247 1,310,107 1,291,929
Lehigh Valley RR ..Nov.
2,160,747 2,074,051
850,654
851,763
Deo. 1 to Nov. 30. ...19,559,167 19,641,897 5,145,836 4,931,002
Lehigh Val. Coal Co..Oot. 2,536,33 4 2,031,871
171,621
70,519
D eo.l to Oot. 31.......15,127,078 14,618,632 df.161,239 df.469,982
Lexington & East’ n . Nov.
15,614
12,167
4,273
2,317
Jan. 1 to Nov. 30.......
188,771
178,250
61,445
52,985
Long Island R R .b ...N ov.
306,515
275,565
76,727
71,560
Jan. I to Nov. 30....... 3,865,264 3,694,443 1,197,766 1,278,762
866,322
831,088
July 1 to Nov. 30....... 2,204,322 2,029,198
Long Isl’ d RR Sys.bNov.
316,072
283,253
70,159
62,564
Jan. 1 to Nov. 30....... 4,209,038 4,057,099 1,283,031 1,322,839
983,351
932,552
July 1 to Nov. 30___ 2,446,179 2,283,794
Louisv.Hend. & St.L.Nov.
44,746
30,949
5,548
5,325
Jan. 1 to Nov. 30.......
464,172
415,999
110,478
102,912
July 1 to Nov. 30.......
251,973
196,284
71,454
58,990
LouiSV. & Nashv.b..Nov. 1,841,650 1,741,812
607,860
611,038
Jan. 1 to Nov. 30....... 18,927,926 18,408,575 6,095,797 5,860,360
July l t o Nov. 3 0 ..... 9,148,537 8,737,945 3,103,962 2,859,296
Maoon & Birming__ Nov.
8,720
6,579
2,001
522
60,478
56,562 def.21,314 def.12,514
Jan. 1 to Nov. 3o.......
July 1 to Nov. 30.......
32,361
28,43 2 def.9,718 def.7,102
Manistioue................ Nov.
2,335
2,194 def.4,923 def.1,033
Jan. 1 to Nov. 30.......
105,720
110,638
23,077
39,218
Memphis <&Chas’n...Nov.
151,325
134,856
59,741
47,211
Jan. 1 to Nov. 30....... 1,281,927 1,179,753
296,479
241,844
650,635
583,674
18 1,401
165,826
July 1 to Nov. 30.......
Mexiean Central...... Nov. 1,128,734
887,627
398,287
240,606
Jan. 1 to Nov. 30....11,620,709 9,192,099 3,540,803 3,151,257
Mex. International.Sept.
242,188
214,844
82,010
63,352
Jan. 1 to Sept. 3 0 .... 2,259,747 2,110,013
842,757
733,619
Mexiean National....Nov.
494,623
474,516 c236,020 c239,616
Jan. 1 to Nov. 30....... 5,481,482 4,725,757 c2 ,667,527 c2 ,209,115
Mexiean Northern...Nov.
39,(736
36,897
29,739
17,897
. Jan. 1 to Nov. 30......
537,177
662,008
309,657
346,402
July 1 to Nov. 30.......
229,963
244,135
137,430
121,846
Minn. & St. Louis.a.N ov.
217,781
170,194
85,200
72,841
Jan. 1 to Nov. 3 0 ..... 1,932,205 1,830,007
762,698
732,695
July 1 to Nov. 30___ 1,072,856
932,730
447,708
418,350
Minn.St.P.& S.Ste. M.Nov.
465.746
297,592
256,108
113,937
Jan. 1 to Nov. 30....... 3,594,548 3,392,998 1,566,118 1,397,268
July 1 to Nov. 30....... 2,001,321 1,710,090
992,834
755,559
Mo. Kansas & Texas.Nov. 1,414,305 1,096,947
584,914
........
ju ly 1 to Nov. 3 0 ..... 5,860,114
2,337,644
........
Mobile & Birm’gh’m..Nov.
39,991
36,142
14,302
12,057
276,973
301,239
33,108
58,796
Jan. 1 to Nov. 30.......
July 1 to Nov. 30. . . .
126,348
170,274
11,154
54,354
Mobile & O h io......... Nov.
395,747
354,329
172,143 145,477
Jan. 1 to Nov. 30....... 3,611,676 3,34»,627 1,L78,663 1,110,744
July 1 toNov. 30....•. 2,131,949 1,990,526
817,540
764,110
Monterey & Mex.G’f..Nov.
123,763
99,911
53,674
44,537
Jan. 1 to Nov. 30___ 1,235,563 1,035,090
581,239
343,653
Nash.Ch. <fe St. L .b .Deo.
458,379
433,899
151,120
166,543
Jan. 1 to Deo. 31....... 5,460,929 5,004,914 1,960.455 1,836,304
July l t o Deo. 31___ 2,910,829 2,566,019 1,059,405 1,010,398
Nelson & Ft. Shep’d..OOt.
13,111
7,713
6,602
4,051
Nevada Central........ Oct.
4,305
3,498
904
960
Jan. 1 to Oct. <1.......
31.3L0
29,737
6,334
6,142
July 1 to Oot. 31. ...
15,630
14,741
3,144
4^594
N. Y.Ont. & West a..Nov.
348,247
337,790
111,315
110,612
Jan. 1 to Nov. 30....... 3,637,536 3,580,098 1,031,688 1,047,708
July l t o Nov. 30....... 1,369,839 1,847,990
614,299
623,976
N. Y. Sns. & West.b..Nov. d220,601
210,654 dl08,318
100,021
Jan. 1 to Nov. 30___ 2,036,279 2,067,753
920,294
903,367
July 1 to Nov. 3 0 ..... 1,027,089 1,035,808
473,878
469,033
Norfolk &West’n .a .. Nov.
909,956
903,739
277,726
243,076
Jan. 1 to Nov. 30....... 9,913.233 10,097,815 2,907,151 2,066,932
July 1 to Nov. 30....... 4,793,133 4,433,602 1,538,2 L7
950,611
Northeasternof Ga..Oct.
9,228
8,295
3,250
. ¿ ’.fort
Jan. l t o Oot. 3 1 .....
52,086
52,044
14,920
19.330
July 1 to Oot. 3 1 --...
24,203
23,123
8,438
11,411
Northern Central. b..Nov.
615,187
551,897
202,849
169,644
Jan. 1 to Nov. 30. . . . 6,146,263 5,766,492 1,902,638 1,518,207
Northern Paciflo.....Nov. 2,640,483 1,682,394
1,622,838 747,182
............ 8,476,588
............
Jan. 1 to Nov. 30...... 19,249,869
July 1 to Nov. 30.......11,604,998
............ 6,194,824
............
Ohio R iver.b............ Nov.
83.753
73,869
23,755
23,169
Jan! l t o Nov. 30.......
885,664
892,597
319,632
301,939
Ohio River & Chas...Oot.
13,320
19,695
5.279
£*727
July 1 to Oot. 31.......
59,505
61,541
10,903
13,034
Oregon RR. & Nav. .Nov.
662,062
473,057 e311,330
235,788
Jan l t o Nov. 30___ 5,063,029 4,239,751 2,202,431
...........
July 1 to Nov. 30....... 3,036,543 2,303,926 1,558,934 1,095,880
Oregon Short Line. a.Nov.
548,317
526,477
228,945
238,761
Jan 1 to Nov. 30....... 5,438,526 5,105,282 2,445,116 2,114,858
July 1 to Nov. 30....... 2,732,522 2,546,651 1,089,811
864,733
PennsylvaniaLines directly operated—
Eastof Pitts.&E..Nov. 5,819,924 5,246,424 1,960,658 1,796,258
JanT l to Nov. 30...58,605,272 56,904,272 18,867,671 16,565,571
West of Pitts.&E. Nov.. In o. 918,900
Ino. 594,900
Jam l t o Nov. 30... Ino.1,135,500
Ino. 1,702,800
Peoria Deo & E v .... Aug.
95,079
79,614
22,707
30,869
jlm 1 t o A u ^ . 3 1 . 5 9 2 | 9 5 4
561,315
105,547
150,960
Petersburg ........... Nov.
42.766
42,346
19,337
21,192
j l n 1 to Nov. 30......
519,901
503,938
249,478
218,200
July 1 to Nov. 30.......
208,189
206,672
95.417
89,279
Phila & Erie b .....N o v .
496,164
476,596
153,771
162,645
Jan. l t o Nov. 30....... 4.255|057 4,161,177 1,271,189 1,215,007
Phila & Reading......Nov. 1,924,717 2,003,801
932,410
981,277
Jan 1 to Nov. 30....... 19,365,836 19,295,127 8,447,110 8,313,682
July 1 to Nov. 30. . . . 9,938,579 9,478,321 4,687,533 4,355,181
C o a l* Iron Co ...N ov. 2,227,059 2,030,039
117,563
245,239
Jan l to Nov. 30....... 20,423.545 20,966,722
171,187
475,316
July l t o Nov. 30. ...11,357,895 10,590,730
737,635
743,408
Total both Co’s ...N ov. 4,151,776 4,033,840 1,049,973 1,226,516
Jan l t o Nov. 30.....39.789,381 40,261.849 8,618,297 8,788,998
July l t o Nov. 30____21,296,474 20,069,051 5,425,163 5,098,589
Reading Comp’ ny..Nov............... .........................
July 1 to Nov. 3 0 .....
........
........
157,041
157,041
J anuary
23, 1898.J
—Net Earnings.—
-Or088 Earnings.1898.
1897.
1896.
Roads.
1897.
Phila. & Read. (Oon.)—
9
$
9
9
Total all Com pan’s. Nov
............ 1,087,174 1,263.717
5,582,209 5,255,629
July 1 to Nov. 3 0 ....
21,630
54,262
3,539
Phil. Read. & N.Eng..Nov..
63,213
632,291
696,884
219,061
175,282
Jan. 1 to Nov. 3 0 .....
304,490
122,584
319,027
83,253
July 1 to Nov. 30.......
. 753,859
672,259
226,649
195,749
Phila. Wilm. * Balt..l
8,197,246 8,205,918 2,274,271 2,174,305
Jan. l t o Nov. 30.
, 1,527,506 1,230,346
524,967
354,181
15,149,793 14,439,029 4,880.110 3,850,050
3,370
2,121
1,013
5,178
Pitts. Lis. & West....Nov.
39,686
14,018
42,650
1,701
Jan. 1 to Nov. 3 0 .....
227,332
100,319
79,010
Pittsburg & Western.Nov.. 275,613
878,212
896,635
. 2,761,068 2,658,758
428,812
450,252
. 1,409,780 1,219,839
69,892
113,150
4,895 def.7,278
Pitts. Youngs. * A .. Dec.
524,339
435,097
Jan. 1 to Dec. 31....... 1,462,757 1,383,101
20,785
48,999
55,260
18,035
Rich. Fred. & P o t... .Nov..
642,464
220,497
.
643,499
188,276
Jan. 1 to Nov. 30...
255,781
98,404
271,152
81,743
July 1 to Nov. 30.......
25,346
9.399
25,496
4,491
Rich. &Petersburg'..Nov.
313,402
108,089
85,168
Jan. 1 to Nov. 3 0 ....., 309,179
135,013
44,867
.
130,659
37,276
26,355
fll,2 3 8
37,459
f 7,907
284,911 f!03,799
. 362,664
fá5,473
20,149
.
39,122
37,580
20,654
416,524
134,294
174,136
Jan. 1 to Nov. 3 0 ...... 346,202
196,200
66,314
91,553
July 1 to Nov. 3 0 ...... 170,666
216,291
73,187
108,109
Rio Grande W est.b.Nov.. 290,601
2,199,443
2,703,779
1,021,386
754,088
Jan. 1 to Nov. 30___
597,864
370,735
July 1 to Nov. 30 . . .. 1,529,783 1,091,107
69,699
46,269
7,884
Bt. Jos. & Gd. Isl...... Nov.. 113,758
640,622
415,901
Jan. 1 to Nov. 3 0 ...... 1,050,621
128,598
. 547.498
352,418
220,018
82,526
517,660
269,834
236,532
St. Louis & 8an Fr...Nov.. 612,568
Tan. 1 to Nov. 3 0 ...... 5,938,428 5,544,120 2,497,663 2,265,593
. 3,066,032 2,625,464 1,399,353 1,212,709
79,331
95,538
San Ant. & Aran. P. .Nov . 205,414 . 233,004
1,861,431 1,899,815
465,296
615,671
. 958,282 1,083,929
342,261
465,543
59,324
51,181
17,554
13,414
San Fr. & N. Pao...... Deo.
744,692
288,574
228,465
805,660
Jan. 1 to Dec. 31.......
204,492
402,466
153,044
471,031
July 1 to Deo. 31. . . .
56,923
37,613
67,373
30,271
Santa Fe Pres.* Ph..Nov.
163,161
254,081
129,437
301,565
July 1 to Nov. 3 0 ......
295,921
78,184
86,353
Sav. Fla. & W est.b.,Nov.. 297,694
892,073
795,627
. 3,112,465 3,118,489
333,332
357,209
. 1,377,760 1,353,029
12,562
3,997
5,856
13,663
88,916
174,090
92,014
175,487
Jan. 1 to Nov. 30........
33,172
27,962
63,678
.
74,898
2,770
7,045
4,938
5,316
21,232
17,126
8,829
30,637
205,562
73,218
43,445
253.622
Jan. 1 to Nov. 3 0 .... .
def.25
2,599
def.94
1,909
8outhHaven & East..Nov .
25,863
1,716 def. 3,080
25,143
Jan. 1 to Nov. 30.......
Southern Pacific176,199
214,596
507,191
Gal.H. & 8. Ant.b .Nov., 408,971
. 4,010.532 4,643,188 1,023,741 1,656.927
631,495
919,857
. 1,859,730 2,260,233
88,115
28,851
38,540
62,166
Louisiana West b..Nov..
325,371
315,144
831,891
802,011
Jan. 1 to Nov. 30.......
124,432
157,604
397,661
July 1 to Nov. 30...... . 318,935
613,241
161,264
270,859
505,583
M’gan’ s La. &Te x.b.Nov .
, 4,492,777 4,696,896 1,013,124 1,249,307
845,449
419,278
. 1,997,500 2,396,041
25,252
21,839
40,059
35,899
N. Y. Tex. & M b .-N ov.,
118,285
259,462
158,688
Jan. 1 to Nov. 3 0 ...... 317,200
96,774
110,430
163,944
.
180,496
July 1 to Nov. 30.......
44,021
32,576
130,671
108.467
Texas & N. Ori b . .Nov.
373,603
468,459
Jan. 1 to Nov. 30....... 1,301,271 1,237,385
214,214
189,404
604,361
July 1 to Nov. 30........ 548,112
440,837
589,377
. 1,164,275 1,411,464
,11,119,312 11,872,952 3,013,743 3,785.408
. 5,047,723 5,960,590 1,533,321 2,234,893
, 3,302,107 2,682,970 1,473,109
988,855
,31.648,733 29,118,917 12,849,955 10,356,738
,16,807,82314,332,851 7,812,068 5,860,706
, 4,896,881 4,503,802 2,112,847 1,762,311
Total of all.fc.i
.46,077,811 44,321,843 16,846,80115,154,342
.23,658,183 22,128,012 10,099,222 8,852,398
324,909
432,434
793,185
960,221
So. Pao. o f C al.b.. .Nov,
, 9,356,056 9,082,990 3,964,866 3,357,663
. 4,855,895 4,275,202 2,353,177 1,835,339
5,899
100,741
214,634
235,233
So. Pao. oi Ariz.b. Nov.
367,198
742,486
Jan. 1 to Nov. 30........ 2,306,860 2,060,799
38,623
380,596
892,656
. 1,053,054
50,820
59,736
105,841
108,862
So. Pao. of N. M.b..Nov.
407.042
598,819
Jan. 1 to Nov. 3 0 ....., 1,205,799 1,041,864
192,982
253,828
453,041
. 518,010
78,599
87,234
190,717
Northern R y .b ......Nov. . 210,932
783,333
728,319
2,083,981 2,031,007
519.415
496,985
. 1,120,061 1,071,091
622,488
661,338
1,851,705 1,684,178
17,898,625 16,967,180 5.407,014 4,842,693
2,716,071
2,860,025
, 8,657,713 8,138,794
29,720
23,930
49,521
44,039
Spokane Falls & No.aOot.
202,618
244,742
356.995
518.673
Jan. 1 to Oct 3L.......
93.307
87,475
169,195
202,634
July 1 to Oot. 31.......
def. 133
def.968
1,092
1,381
Stony Cl. & C. M ..b..N ov..
12,80)
8,230
38,562
33,895
Jan. 1 to Nov. 30____
14,623
9,731
27,103
24,082;
July 1 to Nov. 3 0 .....,
18,231
38,442
37,597
65,514
Texas Central ......... Nov.
69,839
107,430
260,359
301,223
Jan. 1 to Nov. 3 0 .....
47,028
61,071
165,010
Toledo&Ohio Cent. b. Nov.. 186,544
448,165
451,«71
1,550,892 1,637.402
189,472
216,744
764,691
. 725,213
18,512
21,382
78.326
86,347
Tol.Peoria & West.b.Deo.
240,341
260,570
947,205
940,906
Jan. 1 to Deo. 3 1 .....
116,855
146,523
468,194
520,218
July 1 to Dec. 3 1 .....
Union Paciflo—
515,955
726,505
. 1,696,410 1,363,337
.15,013,829 13,206,698 5,586,100 4,955,800
24,817
26,970
55,967
44,448
Cent. Branch.b__ Nov.
180,049
247,708
395.707
558.897
Jan. 1 to Nov. 30...
179
THE CHROJNICLE
— Gross Earnings.— .
1897.
1896.
Roads.
$
$
Leased lin es.b ....N ov.
48,661
31,143
Jan. I to Nov. 30...
470,657
301,464
Grand total.b ...Nov. 1,988,962 1,561,810
Jan. 1 to Nov. 30...17,692,296 15,087,533
Un. P. D.& Gulf.b...Nov.
358,279
312,005
Jan. 1 to Nov. 30....... 3,215,401 2,829,124
Wabasb.b................ .Nov. 1,081,231
905,810
Jan. 1 to Nov. 30^...11,150,293 10,997,932
July 1 to Nov. 30___ 5,757,566 5,163,681
Waco & Northw’n...,Nov.
24.295
32,216
207,024
213,493
Jan. 1 to Nov. 30.......
W. Jersey & 8eash’ e.Nov.
147,463
145,902
Jan. I t o Nov. 3 0 ..... 2,337,366 2,402,102
West’n of Alabama.-Nov.
50,234
62,475
539,370
532,151
Jan. 1 to Nov. 30.......
July 1 to Nov. 30. . . .
238,717
274,904
West. Va. Cent. APitts.Deo.
98,306
93,337
July 1 to Deo. 31. . . .
583,495
587,280
W.Virginia* Pittsb..Oot.
36,285
35,164
Jan. 1 to Oot. 3 1 .....
329,859
326,326
July 1 to Oot. 31.......
144,506
134,939
West.N. Y.& Peun. b..Nov.
317,892
251.375
Jan. 1 to Nov. 30....... 2,861,760 2,810,464
July 1 to Nov. 30....... 1,578,123 1,444,950
Wisconsin Centralb.Sept.
438,940
370,583
Jan. 1 to Sept. 3 0 .... 3,291.188 3,228,187
. July 1 to8eot. 3 0 .... 1,345.815 1,201,603
Wrightsv. * Tenn....Nov.
9,153
8,289
Jan. 1 to Nov. 30.......
80,663
84,750
July 1 to Nov. 30.......
41,733
39,982
York Southern......... Nov.
6,030
5,718
Jan. 1 to Nov. 30. . . .
61,395
63.236
33,338
32,911
July 1 to Nov. 30.......
—Net Eamxng*.----- .
1897.
1896.
$
8
14,634
def.283
83,976 def.24,792
840,206
569,435
----------- 5,358,034
6,513.656
125,463
147,833
665,697
912,143
223,651
268.894
3,580,226 3,046,030
1,933,338 1,609,059
16,837
12,672
116,902
81,433
def.6,590
7,284
607,712
578,436
33,430
21,349
197,302
203,892
117,200
88,323
32,965
34,889
177,492
197,811
18,079
20,267
152.895
170,973
72,913
77,546
121,010
88,421
993,814
924,977
569,532
645,351
122,583
220,504
1,205,845
972,453
453,389
599,855
4,450
4.409
27,852
37,877
17,952
19,362
2,135
2,223
22.798
23.221
15,064
13,584
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Deducting other expenditures for repairs,replacements and general
exDenses, net Income applicable to Interest on bonds in November was
$86,081, against $125,142 last year, and from January 1 to November
30, $1,270,892,against $l,223,139.This is the result in Mexican dollar)
treated (according to the company’ s method of keeping its aooountss
as equivalent to 80 cents in United States money—that is, all depreci
ation bevond 20 per cent has already been allowed for.
d inoludes the operation of seven miles of Susquehanna Connecting
road.
e Expenses for November, 1897, inolude $23,000 for new locomo
tives.
f Thirty per cent of gross earnings.
g After allowing for other inoome reoeived, total net from July 1 to
November 30 was $245,370. against $289,437.
i Inoludes besides Atlantio System the Houston & Texas Central,
Austin & Northwestern, Central Texas & Northwestern and Ft. Worth
* New Orleans.
j Large increase in expenses for November due to payment of $13,009 on account of Williford accident; $25,490 in excess of same
item for November last year for repairs to cars and locomotives,
and $20,600 increase for maintenance of road-bed.
* Figures beginning with July include At C. & 8. Fe, Gulf Col. & San
ta Fe, Santa Fe Pacific (old Atlantio & Pacific) and So. California Ry„
but not Sonora Ry. and N. M. * Arizona, which previous to July had
been included.
t For November, 1897, taxes and rentals amounted to $143,307, agst.
$172,935, and from July 1 to November 30 $711,997, against $371,834,
after deducting which, net for November, 1897,was $1,227.35 3, against
$358,700. From July 1 to November 30 net, after deducting taxes and
rentals, is $4,401,102, against $ >,500,861.
t Inoludes Chesapeake Ohio & Southwestern from July l , 1397. Ohio
Valley from August 1,1897, and Chioago & Texas from Ootober 1,
1897.
t) Inoludes Chioago Burlington * Northern for both years.
II Including inoome from ferries. * o .
Miscellaneous Companies.
—Gross Earnings.—
1897.
1896.
Columbus Gas C o.,..D eo.
Apr. 1 to Dec. 3 1 .....
Consol. Gas Co., N. J.Dec.
....... .
Jan. 1 to Deo. 31.......
93,657
Ed.El. 111. Co., Bklyn.Deo.
883,729
Jan. 1 to Deo. 3 1 .....
236,740
Edison El.II.Co.,N. Y . Deo.
Jan. 1 to Deo. 31....... 2,492,371
G *and Rap.Gas L.Oo. Deo.
........
Jan. I t o Dec. 3 1 .....
Jaokson Gas Co....... Deo.
........
Mar. 1 to Deo. 3 1 .....
Laclede Gas-L. Oo...Deo.
Jan. 1 to Dec. 3 1 .....
Madison G a s* Eleo..Nov.
........ .
April 1 to Nov. 3 0 ....
Mexican Telephone..Nov.
10,878
Mar. 1 to Nov. 3 0 .....
95,574
Oregon Imp. C o.a
Oot.
349,002
.Tan. 1 to Oot. 31....... 3,251,600
Deo. 1 to Oot. 3 1 ..... 3,508,546
338,030
Pacific Mail. ........N o v .
Jan. 1 to Nov. 3 0 ..... 3,852,407
May 1 to Nov. 3 0 ..... 2,313,065
St. Joseph Gas Co...,Deo.
July 1 to Deo. 31.......
St. Paul Gas Lt. Co...Nov.
Jan. 1 to Nov. 30. . . .
- .... ...
Tenn. Coal I. & RR..Deo.
Jan. 1 to Dec. 3 1 .....
Western Gas Co.—
Milwaukee Gas-L Oo.Dei ). ........
J an. 1 to Deo. 3 1. . . .
_
82,159
826,550
246,275
2,247,437
........
........
..... «..
9,831
91,626
277,383
2,7 ¿0,562
2,960,890
324,051
3,579 623
2,242,012
............
-Net Earnings.—
1897.
1896.
17,407
16,817
87,431
89,823
4,466
2,421
50,372
43,227
46,605
42,203
370,098
342,148
157,410
133,118
1,267,230 1,094,349
19.257
19,334
133,742
125,433
2,655
2,979
19,177
17,261
92,022
98,3 40
1353,088 t760,010
5,0 42
5,640
24,245
31,961
4,113
3,564
27,323
35,259
59,007
56,536
297,561
674.597
293,053715,343
54,833
59,332
503,702
707,8 41
362,744
450,651
4,815
7,378
18,068
30,416
26,761
27,259
222,551
223,510
69,437
79,551
747,072
590,627
56,326
489,211
55,292
441,110'
i Including Carondelet Branch total net earning3 for year ending
December 31,1897, were $383,059, against $782,213.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore
going, also report oharges for interest, &o., with the surplus
or defioit above or below those oharges.
löO
THE CHRONICLE
—lnt. Rentals, <£c.——, *—Bal. o f Ret Earn’g s .
1897.
1896.
1897.
1896.
Road».
Battalo & Susqueli’a..Dec.
12,668
12,987
July 1 to Deo. 3 1 .....
76,008
77,923
Oblò. Burl.& Quincy,Nov.
890.000
876.202
J a ly l to Nov. 3 0 ..... 4,450,000 4,181,010
Ohio. & W. Mich ......Nov.
34,599
32,330
Jan. 1 to Nov. 30.......
372,322
379,339
19,000
Choc. Okla. & Gulf...Nov.
240,440
Olev. Cin. Oh. & St. L..Nov.
240,768
Joly 1 to Nov. 3 0 ..... 1,202,515 1,174,329
36,802
36,802
Peoria & Bastarti.. Nov.
184,009
July 1 to Nov. 3 0 .....
184,009
199,833
208,277
D en ver* Rio Gr’de..Nov.
981,819
July 1 to Nov. 3 0 ..... 1,003,406
16,146
Det. Gd.Rap.&West..Nov.
15,339
175,932
Jan. 1 to Nov. 3 0 .....
54,560
50,823
Flint & Pere Marq...Nov.
588,091
564,205
Jan. 1 to Nov. 30. . ...
10,318
Kanawha * Mich___Nov.
11,207
57,265
51,345
July 1 to Nov. 30. . ...
121,594
122,938
Kan. O. Ft. S. & M....Nov.
584,852
582,508
July 1 to Nov. 3 0 .....
16,507
Kan. O. Mem. & Bir.,Nov.
17,007
82,503
July 1 to Nov. 30.......
81,975
60,518
59,528
L. Brie & West’n......Nov.
640,164
Jan. 1 to Nov. 30.......
661,283
111,479
105,537
Long Island RR . . . .Nov.
521,549
July 1 to Nov. 30.......
513,788
117,196
122,798
Long Island RR.Sys.Nov.
571,823
577,964
July 1 to Nov. 30.......
285,569
Mo. Kansas & Texas.Nov.
July 1 to Nov. 30....... 1,428,046
125,481
126,369
Nashv.Chat. & St.L..Dec.
July 1 to Deo. 3 1 .....
750,336
770,671
Philadelphia & Reading—
745,000
All companies......Nov.
July 1 to Nov. 3 0 ..... 3,725,000
455,118
422,197
Pitts. O. C. & St. L .. Dec.
Jan. l to Dec. 31....... 3,466,861 3,420,901
7,708
7,708
Rio Grande Janet ...Nov.
92,500
92,500
Deo. 1 to Nov. 3 0 .....
14,140
14.107
Rio Grande Sooth.. . .Nov.
70.534
70,7 jO
July 1 to Nov. 30.......
19,004
19,104
San Fran. * No. Pao.Dec.
114,024
114,624
,July 1 to Deo. 31.......
47,884
Tenn. Coal I. & RR. Deo.
47,777
573,324
574,603
39,750
41,747
Toledo & O. Cent...... Nov.
193,753
189,397
July 1 to Nov. 3 0 .....
22,373
29,147
Tol. Peoria & West...Deo.
134,237
139,011
* After allowing for other income received.
*6,542
90.983
530,389
3,849,745
def.4,253
def.60,298
53,960
26,180
180,487
2,843
5,396
105,299
509,914
14.255
83,460
18,281
85,414
5,078
17,103
5,978
129,032
30,816
37,043
64,868
643,819
*df.l9,479
*439,398
♦df 37,706
*498,392
299,345
909Ì598
24,751
288,734
11,141
92,785
264,393
2,311,720
def 11,494
def.76,800
7,794
159,700
def.26,173
def.51,660
48,570
338,772
def.6,120
94
39,858
231
def.5,933
1,417
64,558
24,753
80,833
34,090
651,765
*df.35,862
*377,192
*df.56,i77
*422,241
16,299 def.7,027
6,547
6,009
def.3,886
21,019
def. 1,450 def. 5,6 90
90,468
41,420
21,660
31,667
17,303
172,464
*21,821
*5,603
*1,732
*27,647
def.
10,635
def. 991
12,286 def.22,156
Latest Gross Earnings.
Week or Mo 1897-8. 1896-7.
*
6,985
4,517
6,845
7,721
$
6,578
3,927
6,175
6,282
Jan. 1 to Latest Date.
1897-8.
$
101,321
45,278
82,537
1896-7.
*
97,272
45.194
79,965
Akron Bedf’d * Clev. December.
Amsterdam St. R y .. Novemb’r.
Atlanta Railway....... Novemb’r.
Atlantic Coast E lec.. O ctober...
Atl. Highl’ ds Red B’k
& LongBr. Eleo.Ry. Novemb’r.
2,103
38,582
2,863
Baltimore Con. Ry.*... December. 188,033 179,675 2,324,476 2,260,186
Bath St. Ry. (Maine). December.
1,576
1,424
20,405
20,444
7,078
Bay Cities Consol....
7,314
Binghamton St. R y... Novemb’r. 11,991 10,233
Bridgeport Traction. December. 27,632 23,934 821.446 320,817
Brockton Con. St. Ry. December. 26,903 17,366 341,832 311,298
Br’klyn Rap. Tr. Co.—
Brooklyn Heights )
B’klyn Q’ns & Sub. 5 December. 446,799 432,750 5,383,762 5,277,256
Buffalo Railway....... Septemb’r.
1,017,129 1,028,547
Calumet Electric....... December. 14.892
Charleston City R y.. Novemb’r. 12,970
Citizens’ 8t.Ry.,Indp. December. 87,650 77,378
City Elec. (Rome.Qa.) December.
1,791
1,699
23,018
20,524
Cleveland Electric... Novemb’r. 138.826 126,058 1,485,535 1,499,270
Cleve. Painsv & E. December.
7,138
6,052
87,533
Columbus St Ry. (O.) December. 55,496 52,111 608,901 629,489
Coney Island & B’lyn.
287,808 273,308
Consoli’d Trac. (N. J.) Novemb’r. 253,700 229,574
Danv. Gas El. Light &
95,785
Street Ry................ Novemb’r. 10,141
Denver Con. Tramw.. Novemb’r. 57,038 53,059 658,373 666,614
Detroit Citi’ns’ St.Ry 2 wks Jan. 41,498 37,741
41,498
37,741
Detroit Elec. R y ...... December. 35,927 34,842 394,214 423,069
Duluth St. Ry............ December. 16,337 15,127 189,450 212,730
Erie Elec Motor C o.. December. 12,187 11,317 140,848 150,504
Galveston City R y ... Septemb’r. 18,542 19,148 163,390 161,692
Harrisburg Traction. December. 20,127 18,057
............
............
Herkimer Mohawk Il
ion <s F’kfort El. Ry. Novemb’r.
3,320
36,079
3,270
38,839
Hoosick R v................ O ctober...
600
6,541
619
7,233
Houston Elec. St. Ry. December. 19,698 17,547
........
Interstate Consol, of
9,736 119,006 114,023
North Attleboro... . Novemb’r. 10,182
4,554
4,689
54,909
54,333
Kingston City R y .... December.
9,654 109,100 120,880
9,155
Lehigh Traction ..... December.
7,496
92.74C
6,558
86,510
London St. Ry. (Can.) Novemb’r.
Lowell Law. & Hav. December. 32,881 29,014 440,226 408,927
66.23S
57,887
Metrop. (Kansas City) 2d wk Jan. 33,439 1 29,074
Metro W. Side (Chic.) December. 105,42C f 4,950
4,695
54,914
57,291
Montgomery St. Ry.. |December.
December. 113.120I103,I16 1,360,90211,275,932
Montreal Street Ry
1896.
L X V I.
Jan. 1 to Latest Dat e1897.
1896.
$
,905,353
77,345
53,587
,235,868
22,482
18,69 »
317,366
86,403
Nassau Elec. (B’klyn)
Newburgh Electric...
New London 8t. R y..
New Orleans Traction
North Shore Traction
Ogdensburg St. R y...
Paterson R y .............
Po’ keepsie & Wapp.F.
Richmond Traction..
Rochester R y.. . . . . ..
Roxh’h Ch.H & Nor’n
Bohuylkill Traction..
Schuylkill Val. Trac.
Scranton & Carbond’e
Scranton & Pittston.
8oranton Railway__
Syracuse E’st-SideRy.
Syracuse Rap. Tr. Ry.
Terre Haute El’o. Ry.
Third Avenue (N.Y .).
Toronto Ry . . .
....
Twin City Rap. Tran.
Union (N. Bedford)..
United Tract. (Pitts.)
United Tract. (Prov.)
Unit. Trao. (Reading)
Wakefield & Stone....
Waterbury Traction..
West Chicago St. Ry.
Wheeling Railway...
Wilkesb. & Wy. Valley
December. 140,955 117,996
5,121
5,7*3
Novemb’r.
3,082
3,311
December.
December. 106,543 109,5 s 4
lstw k Jan. 22,482 21,956
1,343
2,216
December.
Novemb’r. 28,830 23,618
6,065
6,179
December.
December. 10,294
8,034
589,89-*
Septemb’r.
December. ’ *4,848 *4,751
84,828
8,523
Septemb’r.
8,480
67,086
December.
4,725
4,167
60,093
3,339
December.
December.
5,825
December. 36,834 32,648 366,326 353,404
Novemb’r.
2,344
2,741
34,622
29,58?
December. 40,129 33,968 433,274 419,022
Septemb’r. 14,259 13,705 111,790 120,341
December.
2,597,633 2,626,896
Novemb’r. 88,608 74,617 958,946 893,781
Novemb’r. 169.073 161,344 1,801,895 1,868,420
December. 17,565 17,397 216,358 221,427
December. 127,504 119,28*
December. 149,076 142,216 1,731,210 1,723,450
December. 14,1€8 13,107 194,017 189,494
December
3,917
3,682
59,340
56,860
December. 24,272 21,770 258,613 242.674
ISdaysJan 153,378 145,600 153,378 145,600
Novemb’r. 14,436 12,781 153,119 153,016
Novemb’r. 42,236 41,247 447,054 461,962
* Includes Baltimore Traotion and City & Suburban for both years.
Street R&ilwar Net Earnings.—la the following we show
both the gross and the net earnings to latest dates of all St r e e t
railways from which we have been able to procure montaly
returns. As in the case of the steam roads, the returns of the
342,174
1,357,209
different roads are published by us each week as som as re
69,849 def.68,016 ceived, and once a month (on the third or the fourth Satur
429,149 day o f the month) we bring all the roads reporting together,
1,413,249
199 as is done to-day.
3,530
STREET RAILWAYS AND TRACTION COMPANIES.
E a r n in g s .
Latest Gross Earnings.
WeekorMo 1897.
O L.
41,062
260,012
STREET RAILWAYS AND TRACTION COMPANIES
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which we are able to ob
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two columns of figures give the gross earnings for the
atest week or month, and the last two columns the earnings
or the calendar year from January 1 to and including such
atest week or month.
G r o ss
G ro ss
E a r n in g s .
p
Roads.
Akron Bed. & Clev...Dec.
Jan. 1 to Dec. 31.......
Albany RR. (N. Y.)—
Oct. 1 to Dec, 31.......
Jan. 1 to,Dec. 31.......
Amsterdam St. Ry...Nov.
Jan. 1 to Nov. 3 0 .....
Atlanta Railway.......Nov.
Jan. 1 to Nov. 3 0 .....
Atl. Highl’ds Red Bank &
Long Br. Eleo Ry..Nov.
Jau. 1 to Nov. 30.......
Atlantic Coast Ry..,.O ot.
Bath 8t. Ry. (Maine).Dec.
Jan. 1 to Dec. 31.......
BayCities Con.8t.Ry.Deo.
Binghamton St. R y..N ov.
Bridgeport Traot’n..Deo.
Jan. 1 to Dec. 31.......
July 1 to Deo. 31.......
Brockton Con.St.Ry.Dec.
Jan. 1 to Deo. 31. . . .
Calumet E lectric___Dec.
—Gross Earnings.1897.
1896.
$
$
6,985
6,578
101,321
97,272
157,987
594,210
4,517
45,278
6,845
82,537
137,357
551,338
3.927
45,194
6,175
79,965
2,863
2,103
38,582
7,721
6,282
1,576
1,424
20,444
20,405
7,314
7,078
10,233
11,991
27,632
23,914
321,446
320,817
171,034
173,505
17,886
26,903
341.832
311,298
14,892
142.921
Central Ry. &Eleo. (New Britain!
70,800
June 1 to Sept. 3 0 ....
55,568
12,970
Charleston City Ry..N ov.
July 1 to Nov. 30.......
70,813
Cin. & Miami Yal. Tr. Aug.
9,471
1,791
City Elec. (Rome.Ga.) a Deo
1,699
Jan. 1 to Deo. 31.......
23,018
20,524
142,491
Cleveland Eleotrio.. .Oct.
134,346
Jan. 1 to Oct. 3 1 ,.... 1,346,709 1,373,212
7,138
6,052
Clev. Painesv. & E...D ec.
87,533
Jan. 1 to Dec. 31.......
55.496
52,111
Columbus (O.)St. Ry .Deo.
608,901
629,489
Jan. 1 to Dec. 3 1 .....
253,700
Consol. Tract’ n, N. J.Nov.
229,574
July 1 to Nov. 30....... 1,329,984 1,237,995
Danv. Gas El.-L.&St.Ry.Nov. 10,141
Jan. 1 to Nov. 30— .
95,785
Denver Con.Tramw..Nov.
57,038
53,059
666,614
Jan. 1 to Nov. 3 0 .....
658,373
Detroit Citizens’St. Ry.Nov. 90,624
82.993
950.343
Jan. 1 to Nov. 30....... 1,002,883
31,763
31,703
Detroit Electric Ry..Nov,
388,227
Jan. 1 to Nov. 30.......
358,287
Dry Dock E. B. & Bat.—
173,723
169,671
Oct. 1 to Deo. 3 1 ....
717,260
Jan. 1 to Dec. 3 1 ....
681,571
Duluth Street R y— Nov.
17,436
16,958
87,588
95,279
July 1 to Nov. 30.......
Engelwood & Chic..Sept.
6,357
18,542
19,148
Galveston City Ry..Sept.
161,692
163,399
Jan. 1 to Sept. 30 . . .
20,127
Harrisburg Traot’n .. Dec.
18,057
126,293
119,147
July 1 to Deo. 3 1 .....
Herkimer Mohawk Ilian
3,3 ’ 0
3,270
& Frank. Eleo.Ry..Nov.
Jan. 1 to Nov. 30.......
33,839
36,079
Inter-State Consol. Street
10,18 2
9,736
Ry. (No. Attleb.)...Nov.
119,006
Jam. 1 to Nov. 30.......
114,023
Kings Co. Elevated—
July 1 to Sept. 3 0 ....
162,378
151,131
540,152
535,745
Jan. l to Sept. 3 0 ....
9,654
Lehigh Traotion.......Dec.
9,155
109,100
Jan. 1 to Dec. 31.......
120,880
60,164
July 1 to Dec. 31.......
63,447
1897.
$
994
25,546
1896.
$
901
55,262
223,354
1,119
10,940
îdef.3I6
18,680
52,942
194,476
652
9,536
755
19,448
1,245
16,691
2,182
712
7,466
1,731
5,640
11,896
139,889
85.472
1 2.8 25
112,050
561
28,267
5,812
31,891
5,670
84
5,245
52,732
472,764
2,404
40,619
30,461
322,025
125,512
697,689
4,500
43,202
19,774
259,723
44,179
485,631
11,363
114,770
524
603
6,532
1,843
3,065
9,298
139,261
73,431
5,152
129,902
20,417
391
4,738
41,705
473,098
3,354
26,131
321.044
111,811
628,079
20,907
255,964
35,820
396.050
11,443
124,769
58,990
194,691
8,512
44,821
def.226
6.938
6 9,713
10,551
53,071
44,858
183,903
7.662
49,152
1,546
16,473
1,379
18,597
1,098
25,791
2,364
24,854
16,752
106,662
4,273
50,615
33,557
27,431
149,851
5,052
56,546
32,255
7,615
62,987
7,603
43,230
THE CHRONICLE.
January 22, 1818.J
-Gross Earnings.Roads.
7,496
London St.Ry.(Can.).Nov.
92,740
Jan. 1 to Nov. 30.......
32,881
Lowell Lawr’ ce & H. Deo.
440,226
Jan. 1 to Dec. 31.......
158,560
Metro’n St. Ry.,K. C.Deo.
1,863,799
Jan. 1 to Dec. 3 1 .....
June 1 to Dec. 3 1 ..... 1,171,877
105,420
Metr. W. 8ideEl.,Chie.Dec.
743,995
Mar. 1 to Deo. 31.......
4,950
Montgomery St. Ry..Dec.
54,914
Jan. 1 to Deo. 3 1 .....
5,713
Newburg Elec.8t.Ry.Nov.
77,34'*
Jan. 1 to Nov, 30.......
42.982
July 1 to Nov. 3 0 .....
3,311
New London St. Ry.Dec.
53,587
Jan. 1 to Deo. 3 1 .....
89,042
New Orleans Tract..Nov.
1,129,325
105,481
North Shore Traot’n..Nov.
1,341,781
227,765
28.830
Paterson Railway...Nov.
317,366
6,179
Pough.City&W. Palls. Deo.
86,406
Jan. l t o Dec. 3 1 .....
4,848
Roxb’gh Chest Hill&N.De< 5.
84,828
Jan. 1 to Dee. 31.......
8,523
Schuylkill TractiontSept.
67,086
Jan. 1 to Sept. 3 0 ....
92,778
Oot. 1 to Sept. 3 0 ....
4,775
Bohnylkill Val. Trac.Dec.
60,033
Jan. 1 to Dec. 31.......
36,834
Scranton Rail w a y ... Deo.
366,326
Jan. 1 to Dee. 31.......
203,432
July 1 to Dec. 31.......
3,339
Scranton & Carbon...Dec.
21,763
July 1 to Dec. 3 1 .....
5,825
Scranton & Pittston..Deo.
36,620
July 1 to Deo. 3 1 .....
Third Ave. RR. (N. Y .)—
662,208
Oct. 1 to Deo. 31.......
Jan. 1 to Dec. 31....... 2,597,633
167,670
Twin City Rapid Tr..Oct.
1,632,922
127,504
United Tract.(Pitts.).Deo.
746,648
24,272
Waterbury Tract’ n .. Deo.
258,613
Jan. 1 to Dec. 31......
69,123
Oct. 1 to Dec. 31. . . . .
42,236
Wilkesb.&Wy.Vy.Tr.Nov.
447,054
6,558
86,510
29,094
408,927
143,037
1,774,9«3
1,082,970
4,695
57,291
5,121
80,541
44,156
3,082
53,428
104,231
1,212,905
102,288
1,335,672
214,115
23,618
293,719
6,065
86,134
4,751
77,777
8,480
72,816
96,810
4,167
32,648
353,404
191,625
-Net Earnings.---3,385
39,334
12,662
176,157
69,531
835,738
539,203
49,338
308,874
3,049
27,709
2,025
33,468
21,067
821
18,732
35,959
354,471
36,889
579.621
87.284
11,156
139,194
2,400
33,636
1,132
26,440
4.061
25,585
36,910
805
9,302
21,064
186,351
109,615
2,037
9,514
2,357
14,002
2,109
37,425
9,677
166,191
61,033
749,842
474,670
2,528
29,434
1,771
34,439
21,736
455
20,161
42,931
528,843
38.311
572,689
83,196
8,858
119,674
2,633
36,597
1,061
21,818
3,661
30,962
40,801
............
15,839
167,958
89,234
275,173
269,472
626,039
2,626,896 1,116,358 1,202,456
89,558
98,334
159,340
977,175
904,973
1,707,076
51,026
72,648
119,288
341,269
412,184
722,636
9,523
11,501
21,770
113,480
112,058
242,674
30,553
31,250
64,331
23,815
25,731
41,247
248,935
246,579
461,962
a. Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
t Net earnings are after deducting taxes and fl.ro and aooident iusur+ Increase in expenses in November
■occasioned by accident in that month.
due to heavy payments
Interest Charges and S a rp lu s—The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
1897.
Roads.
$
1,250
Atlanta Railway...... Nov.
Atl. Highl’ ds Red Bank &
Long Br. Elec Ry..Oot.
962
Central Ry. & Elec. (New Britain)
11,644
June 1 to Sept. 3 0 ....
18,167
Denver Oon.Tramw.Nov.
Jan. 1 to Nov. 30.......
202.369
Paterson Railway... .Nov.
9,000
Jan. 1 to Nov. 30.......
99,325
Schuylkill Traotion.Sept.
2,083
Jan. 1 to Sept. 3 0 ....
18,747
Oct. 1 to Sept. 3 0 ....
25,000
Waterbury Trao. Co..Deo.
3,272
July 1 to Dec. 3 1 .....
11,703
r, etc.---- >.—Bdl. of Net Earn’s.—
1896.
1897.
1896.
$
9
$
def.495
1,250 def.1,566
371
338
def.189
11,302
17,828
196,332
8,972
95,960
2,083
18,747
25,000
5,130
15,390
16,623
1.607
57,359
2,156
39,869
1,978
6,838
11,910
8,229
19,547
9,115
3,079
59,632
def.114
23,714
1,778
12,215
15,801
4,391
15,16£
ANNUAL REPORTS.
Annual R eports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors’ and Street R ailway Supplements.
This index does n o t include reports in to-day’s Chronicle.
Full-face figures indicate Volume 66.
RAILROADS AND MISCEL. CO.’ S.
RAILROADS ANDMl8CEL.CO,S (0rOn.)
A kron & Chicago June............. . . . . 973
American Cotton Oil ........... 975, 98.1
Am erican Type Pounders............... 822
Atlantic & D anville..................
79
Baltimore & O h io ............. 953, 973, 978
Balt. & Ohio Southw.............. 1020,1026
Bangor & A roostook ....................... 974
Buffalo & Susquehanna................... 7 9
Calgary & Edm onton.........................1170
Canada Southern............................... 1217
Central Ohio...................................... 974
Central Pacific............................. 885, 878
Chic. June. Rys. & Un. Stock Yds. 8 1
Chic. & North-W est Granaries,Ltd.1171
Chicago Peoria & St. L ou is............. 7 8
Chicago Terminal T ransfer........... 8 5
Choctaw Oklahama & G u l f ..........1 3 0
Cleveland Akron & Columbus........ 1170
■Columbus & Cincinnati M idland... 974
Detroit & Mackinac.......................... 1020
Florida Central &Peninsular..........1170
Great Northern................. 904,921, 927
H . B. Claflin & C o . . . . . . ...................1 3 1
H ouston East & West T exas........ 822
H ouston & Texas C entral............. 8H0
International Packing C o............... 1021
Iron Steamboat C o........................... 1021
J. B. Stetson C o............................... 1 3 1
Kanawha & M ich ig a n ....................1021
Kansas City Ft. Scott & Memphis. 821
Kansas City Memphis & B ir.......... 820
Kansas City Pittsburg & G u lf........ 1063
Lake Shore & Michigan Southern. 1217
Lehigh V alley.................................. 1 2 9
Maine Central..................................... 821
Manhattan Ry., N. Y. City.............. 923
Mergantbaler Linotype Co............. 867
Michigan Central...............................1217
Michigan- Peninsular Car................ 868
Missouri Kansas & T exas............... 820
Newark Somerset & Straitsyille... 974
New England Gas & C oke...............1112
New Jersey & New York....................822
Norfolk & Southern............................860
North Eastern R É. (o f S. Car.)....1170
Penn. Heat, Light and Pow er........ 823
Petersburg R R .................................. 11U
Pillsbnry-W ashbumFlour Mills Co. H 71
Pittsburg & W estern.........................1169
Potom ac Y a lley........ ...................... 1 3 0
Richm ond Fredksb. & P otom a c— 1061
Richm ond & Petersburg.................. 1111
Volumes 65 and 66—
Page.
Volumes 65 and 66—
Page.
181
R ailroad and Miscel . Go’ s (Oon.)
Volumes 65 and 66—
Page.
Rutland RR....... ............... /<*...... 1 3 1
St. Paul Minn. & Man................... 922
San Antonio & Aransas Pass....... 921
Sandusky Mansfield & Newark ... 974
Seaboard & Roanoke..................... 821
South Carolina & Georgia ............ 1019
Southern California (Atch. Sys.).. 869
Southern Pacific......................847. 871
Southern Pacific of California.921. 931
Swift & C o .................................. 1 3 2
Toledo & Ohio Central. . . . ----922
Vermont Valley & Sullivan Co.... 86J
Welsbach Commercial Co ............1021
West Virginia & Pittsburg.......... 821
Wilmington & Weldon................. 79
St r e e t R a i l w a y s .,
Volumes 65 and 66—
Brockton Street .. .. ..................... 1022
Brooklyn Rapid T ransit.................. 1218
Globe St. (Pall R iver)......................1022
Hartford Street R y..............
1069
Hart. Manches’r & Kockv’e T ram .1069
H artford & W est H artford ......1009
Hest. Mantua & Fairm’t (P h il.)... 1 3 1
Lake St. Elevated (Chicago)...... 131
Lowell Lawrence A H avern ill.....l02 2
Lowell & .Suburban. .. . ...............1022
Lynn & B o s t o n ................................ 1171
Springfield (Mass.) St. R y ............... 1022
W est End St. Ry ............................. 1021
W orcester Consolidated St. R v. ...1022
N o r t h C h ic a g o S t r e e t R R .
N o r t h w e s te r n E le v a t e d R R . (C h ic a g o ).
R e p o r ts fo r y ea r en d in g D ec. 31, 1897, w ill b e fo u n d on p.
189.
L e h ig h Y a l le y R a ilw a y .
( F o r th e y e a r en d in g N ov. 30, 1897.)
T h e rem ark s o f M r. A lfre d W a lte r, th e P resid en t, a nd also
th e balan ce sheet a nd oth er ta b les, w ill b e fo u n d on su b se
q u en t pages o£ to d a y ’ s C h r o n ic l e . A co m p a ra tiv e b a la n ce
sheet fo r th ree years w as g iv e n last w eek (page 129). T h e
operations, earn ings, expenses a nd ch a rg es a re s h ow n b e lo w ,
th e in terest on th e L e h ig h V a lle y C oa l C o m p a n y b on d s h ere
to fo re ch a rg e d to p rofit a n d loss b e in g n o w in clu d e d in th e
sta tem en t fo r a ll th e years.
operations , etc .
1896-97.
1895-96.
1894-95.
Milea oper’d (incl. sidings).
2,168
2,154
1,960
Eguipment—
Looomotives..........................
737
750
685
Passenger equipment..........
409
401
362
17,735
18,405
16,380
Freight cars.........................
Coal cars...............................
27,102
29,647
31,926
Work and miscel. c a r s ......
746
792
798
Operations—
_ .
Anthracite coal car’d (tons).
10,278,410
11,534,854 12,045,368
Bit. coal ¿ c o k e car’d (tons).
1,251,637
819,938
456,194
Miscel. freight car’ d (tons).
6,339,526
6,520,576
5,857,625
Total carried (ton s).....
17,869,573
18,875,368 18,359,187
Tons anthracite coal car’d
one mile ...........................1,174,929,703 1,265,097,168 1,293,672,112
Tons bituminous coal and
coke carried one mile......
98,809,358
68,854,844 29,973,404
Tonslmisoellaneous freights
carried one m ile............. .1,548,289,445 1,555,587,2811,283,200,794
. Total tons carried one
mile..................................... 2,822,028,506 2,889,539,293 2,606,846,310
Average rate per ton per
640-1000C.
672-1000c.
646-lOOOc.
mile on coal
Average rate per ton per
478-lOOOe.
480-1000c.
534-1000c.
mile on miscel. freight...
Average rate per ton per
588-lOOOc.
557-lOOOc.
566-lOOOc.
mile on total tonnage___
4,748,037
5,020,864
4,881,610
Number pass, carried —
118,282,636
Number pass, car’d 1 mile.. 135,489,011 128,179,711
1*908 cents
2*026 cents
Av. rate per pass. p. mile.. 1*973 cents
EARNINGS AND EXPENSES,
1896-97.
$
8,560,418
7,403,471
2,672,547
366,667
556,064
1895-96.
$
8,623.574
7,472,104
2,556,536
340,082
649,601
1894-95.
$
8,470,859
6,849,062
2,316,540
281,796
646,197
T ota l...............................
Expenses—
Maintenance of way, &o ...
Maintenance of equipment.
Conduo ing transportation.
General..................................
Taxes..................................
19,559,167
19,641,897
18,564,454
1,953,489
2,996,864
8,647,390
595,451
220,137
2,082,913
2,604.687
9,230,031
584,712
208,552
1,861,118
2,633,081
8,784,189
557,999
192,065
Total................................
Net earnings.........................
14,413,330
5,145,837
14,710,894
4,931,002
14,028,453
4,536,001
1895-96.
$
4,931,002
1894-95.
$
4,536,001
Earnings—
Prom coal........................
From miscel. freights...
From passengers...........
From express and m ail.
From other items...........
INCOME ACCOUNT.
Net earnings........................
Receipts from investments
and miscellaneous............
Total................................
Deduct—
State taxes............................
Balance of interest a o ct...
Loss on Morris Canal, etc..
Int. on funded debt <fe fixed
rentals of leased lines__
Int. on Lehigh Val. Coal Co.
bonds..................................
Total charges................
Balance.................................
—V. 66, p. 129
1896-97.
$
5,145,837
1,036,289
676,159
990,915
6,182,126
5,607,161
5,526,916
673,366
589,694
4,744,205
4,484,033
4,294,380
710,204
590,650
596,625
6,079,461
sur.102,663
5,748,049
def.$140,888
5,480,699
sur,46,217
360,000:
25,117 ►
239,935 '
W ilm ington Columbia & Augusta R ailroad.
( R e p o r t f o r y e a r en d in g J u n e 30, 1897.)
O
Vice-President H. Walters says in part:
General Results.—1
The results o f the year’s operations w eresatisfao
tory. The falling off In through freight was in the shipment of lumber
and the increase in local freight was cotton and fertilizers.
The employment of a better class of engine and strict attention to
the movement of cars have resulted this year in a material saving In
train mileage, amounting to eleven and four-tenths per cent. The tons
moved with this decreased train mileage were practically the same.
Wilmington Bridge.—It has been determined by the Wilmington Ry.
Bridge Company to renew the draw-spans at both Hilton and Navassa
bridges. The funds for this renewal have been already provided by
tbe sale of consolidated mortgage bonds, now Id the treasury of the
Bridge Company.
.
AirBrakes.—All of your passenger oars are equipped with air brakes
and automatic couplers, and practically all of your freight cars ars
equipped with automatic couplers andA54 per cent with air brakes.
THE CHRONICLE
182
Earnings and expenses have been as follows:
1896-97. 1895-96. 1894-95. 1893-94
Gross earnings..................... $697,258 $637,241 $550,940 $607,526
475,137
Oner, expenses and taxes... 530,522 474,007
406,182
Net earnings.......... .........$166,736
31,543
Other income............... ........
$163,234 $144,758 $132,389
21,652
28,422
32,569
Net income............. ........$198,279 $195,803 $173,180 $154,041
Charges—
$97,364
Interest charges........ .........$124,742 $114,461 $102,762
57,600
57,600
57,600
57,600
D ividends.............................
$172,061 $160,362 $154,964
$12,818 def.$923
$23,742
GENERAL BALANCE SHEET JUNE 30, 1897.
Liabilities—
AftitpJ.fi_
$960,000
Construe, and prop— $2,912,027 Capital stock.............
B
on ds............................ 1,800,000
Investments.................
102,665
136,360
Open accounts.............
168,498 Bills payable...............
192,912
Cash on hand...............
24,415 Miscellaneous...............
Profit and loss,surplus.
118,332
Total....................... ........ $182,342
Surplus over charges .. ....... $15,937
Total....................... $3,207,605
—V. 64, p. 887.
T ota l.........................$3,207,605
Chicago City Railway.
f VOL. L X \ I.
1897.
Receipts fr o m :
$
Cable lines..................... 1,701,307
Electric lines................. 2,017,483
Horse lines...................
255,105
Advertising, e t c . .. . ........................
1896.
$
45,053
Gross earnings...................3,899,918
Operating expenses...........1,929,664
1895.
1894.
$
$
2,127,340 2,216,427
787,361
.........
1,242,534 1,926,026
44,242
38,784
4,018,948 4,201,477 4,181,237
2,138,378 2,267,196 2,518,627
Net earnings.................1,970,254 1,880,570
Fixed charges •
Rental of leased r o a d s ..)
ARk 5 493,408
Coupon interest............. 5 7de’4b0
\ 241,800
Other int. and taxes....... 399,720
280,907
Dividends paid.................... 791,340 791,340
1,934,281 1,662,610
490,500
490,500
241,813
240,862
169,702
128,100
791,340 1,184,298
Balance for year........ sur.42,729 sur.73,115 sr.240,926 df.381,159
—y . 66, p. 135.
GENERAL
INVESTMENT
NEWS.
Reorganizations, Etc .— L a test D a ta a s to D e fa u lts, R e o r
g a n iza tio n P la n s, P a y m en t o f O verdue C ou pon s, E tc .—A ll
facts of this nature appearing since the publication of the last
issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e
( R e p o r t f o r th e y e a r en d in g D ec. 8 1 ,1 8 9 7 .J
m ents may be readily found by means of the following index.
A t the annual meeting Jan. 15 the follow ing directors were This index does n o t include matter in to-day’s C h r o n ic l e .
elected : George T. Smith, Samuel W. Allerton, M. K. Bowen, Full-face figures indicate Volume 66.
F o r list in clu d in g v a rio u s sm aller com p a n ies see C h r o n ic l e
D. G. Hamilton, Joseph Leiter, W illiam B. Walker, George
H. Wheeler. Messrs. Smith, Bowen, Hamilton and Walker o f D ecem ber 25.
R ailroads & Miscel . Co’s ( Oon.
Railroads and Miscel. Co.’s.
have been directors only within the last few months and
Volumes 6 5 and 6 6 —
Page.
Mr. Leiter a year. Mr. Walker, however, previously had
Volumes 65 and 66—
Page.
Akron & Chicago June....... default. 823 N.Y. & East Riv. Gas .plan apprv’d.l 3 3
been for some years a director in the company.
& Pac. Cent. Div. sale.977,1222 N orfolk & Ocean V i e w ........... sale. 8*4
The capital stock is now $12,000,000. The bonded debt Atlantic
BaltimoreBelt.de/aMlt.h23; devosts. 86-i Ogden sb. & L. Champ.iiit.paj/mmt.1174
remains unchanged at $4,619,500. The miles run in 1897 Balto. & O h io... .defaults.823,1023. 1218 Oregon Im provem ent.... 5th instal. 8 3
do
do sold to reorg. com.925, 977
do consol.com deposits &earns. 1218, 132
aggregated 24,378,000 against 24,552,900 in 1896, 21,941,900 in Beaver
do
new Co.—int. paymt. .1072
Dam W ater W o rk s... reorg. 8 0
P
eo.D
ec.&
E
.lsi assess.824; dep.977, 1220
_
refund.
975
Bennington
&
Kutland_
1895 and 21,047,410 in 1894.
do
do
comp.1174, 1220
Bloomsburg & Sullivan ..plan fails. 8 0
The directors elected the following officers: Menard K. Brooklyn
1 st payment on 2ds.............1 3 5
& Brighton Beach./orecl. 8 0
do
........ committee. 1 3 3 P eoria W ater C o........... ..... s o l'M S S
Bowen (Traffic Superintendent) to be President, succeeding
Ohio, .separate recur, asked. 3 8 R hode Island L oco. W o rk s.. .sold. 1 3 5
George H. Wheeler ; W . B. Walker to be First Vice-Presi Central
Central P ac... Bretherton’s circular. 869 R om e & Carrollton......... Notice to
bondholders..............
135
do stockholder s' notice. 1113; rearu.ll 72
dent and Joseph Leiter to be Second Vice-President. The Central
V erm ont., deposits, etc.923, 976 Sand. Mans. & Newark., .sep. recw.lu72
questions of the adoption of electricity and of the extension Cent. W ashington.eale.lllS; starus.1172 do committee, 1116; c -mpoti.,1218, 1 3 2
Chicago &North Westem.«eu>3)4s.l070 St. L. & San Fran... .Branch Lin s. 925
o f franchises were not brought up.
do abstract of new mtoe. 1172,1175 Sioux City & N orthern........... coup. 3 9
The number of passengers carried and the average cost per Chic. Peor. & St, L.coups, deferred. 8 1 South Jersey R R ......... reorg. plan. 1 3 5
Chic.
R. I. & Pue.retund.plan 976,1070 Toledo St. L. & K. C....foreclo.S25, 1116
car mile are as follows:
Un. Pae..*ale.826,870; sale confirm. 926
Chic. & Sontbeas. recur, discharged. 8 1
,— Passengers carried.— > s-Costper ear mile p er ct
Chic. Term.Tran sf or.new securities.1172
Chi.City By.— 1897.
1896.
1897.
1896.
3895. Chicago & W est Michigan ..couponWS
Cable lines........ 41.444,646
46,435,411 10*70
10*55
10*24 Cincinnati N. O. & T ex. Pac.statM8.1173
Horse lines.......
691,051
2,874,631 24*10
25*89
30*55 Colorado Midl’d .. .assessmt. noflce.1071
do
new secur. in Jam.1113
Electric lin e s...53,485,425 45,928,873 13*05
la*46
14*78 Columbus
& Cin. Mid .coup. 824.1218
A ll lin e s ...........95,621,222
95,238,915 11*93
12*13
12*80 Columbus &
H ock. C. & 1. .interest. 8 1
H. V. & T ol. .reorg. plan 976
The following table shows the earnings, expenses, etc., for Columbus
do
....Feb. interest. 1 3 3
Delaware River & Lancaster, .sold. 8 1
each of the last four years :
Duluth
Gas
& W ater................ sale. 3 8
1897.
1896.
1895.
1894.
East Broad T o p .......... reported sale. 8 1
$
$
$
$
Gas, N.Y.plaw approved. 1 3 3
Gross earnings........... 4,816,516
4,808,866 4,476,824 4,264,618 Equitable
Excelsior Springs...................... sold. 8 1
Op. expenses & taxes.2,908,982
2,977,208 2,807,726 2,838,684 Hartwell R R ............................. sale.133
P. c. op. exp. to earn..
60*84
62*52
62*72
66*56 Herrlng-Hall-M. .recers. 1220; reorg. 3 8
H itchcock & Co............. reorg. plan. 8 !i
Net earnings.......... 1,907,534
1,831,658 1,669,098 1,425,934 Hutchinson & Southern........... sale. 8 3
Central__ mtge. abstracts. J 3 6
Interest...........“ ............ 207,877
207,877
207,877
207,877 Illinois
C. W atkm s & Gulf. ..com.foieel. 1220
D ivid en d s....(12 p. c .).l,440,000 (12)1,289,787 1,140,000 1,080,000 K.
Kentucky & Indiana Bridge, .comp. 976
Balance for year...
Depreciation, &o..
—V. 64, p. 176.
259,657
50,000
333,994
181,568
321,221
92,510
138,057
West Chicago Street Railroad.
( R e p o r t f o r y e a r en d in g D ec. 8 1 ,1 8 9 7 .J]
A t the annual meeting President Charles T. Yerkes spoke
substantially as follows:
G en era l R esu lts.—-For eight months during last year there
was a decrease in receipts, and for four months there was an
increase, but the decrease was more than met by the decrease
in expenses. The road was never in such good condition as
at present. The tracks have been kept in excellent order
and the rolling stock greatly improved.
B o n d s S old.— During the year $10,000,000 consolidated 5
per cent bonds were issued ; $4,000,000 of these bonds were
deposited with a trust company to take the place of the
$4,000,000 first mortgage bonds when these bonds became
due. The balance .were used to retire the debenture bonds
and to pay off the floating debt, which had been incurred by
changing from horse to electric power.
E ffect o f E lev a ted L o o p —It was expected that the opening
of the loop connecting tne elevated railroads would have an
effect upon the business o f this company, but, notwithstand
ing the fact that the loop commenced business the fore part
of October, the increase in our receipts for October over the
same month last year was over $22,000. No doubt the loop
does have some effect on our company, but the truth is that
better facilities induce travel.
P r o s p e c ts . —The prospect for the future depends entirely on
the general business of the country, which never was brighter
than at the present time.
F ra n ch ises. —As to the company’s franchises, President
Yerkes said:
You have heard that our principal franchises from the city begin to
expire in 1903, and a great deal has been said as to what provis
ion should be made for securing from the city an extension of these
franchises. W e have watched the decisions of the courts in street
railway cases and have observed some decisions by the United States
courts as to the rights of corporations. The result is we are con
vinced that our tracks can never be removed as long as our charters
run and as long as we run our cars. The city has certain police
powers and can make reasonable regulations as to the running of cars;
but when it attempts to go beyond these powers its acts are invalid.
However, we believe that rather than take the matter to the courts it
would be best to go before the City Council and secure an extension
o f the franchises, giving a reasonable and fair compensation to the
city.
do Advis’y com.1025; new officers. 3 9
do
. let 6s to be paid Jan. 20.1072
do
...collateral true’ es couv. 3 9
do equip, bond and int. paym. H 4
do
.sale collat. Morgan no es.1072
do
Kansas Pacific sale.1174,1222
United States Car...................sales.136
W estern Union B e e f.............. reorg. 8 4
W heeling & L . E rie..j rrelim. assess. 825
Wisconsin Central., imp vt. bds. def. 879
do
do
reorg. status.1027; 8 4
do
do
foreel. decree. 3 9
do
do
stock &inco. com. 1 3 6
South Jersey R R ......... reorg. p la n .1 3 5
Street R ailw ays .
Akron St. R y. & IU’g .......receivers.1 3 %
Boston Kiev........... West End lease.12‘12
Brooklyn Cable R R ................ reorg. 8 0
Cincinnati incline Plane......... sale. 8 1
Dallas City St............................. sold.1173
Little Rook & Memphis......... sale.1115 Englewood & Chicago E lec... reorg. 8 1
Lou.Ev.& St.L.con.. .pl.1024,1 1 7 3 ,1 3 4 Hannibal (Mo.) St. R y ............. sold. 3 8
do
do
forecloswre.1220 Lincoln (Neb.) St. R y ... reorg. 8 ’A, 1 3 4
Manhattan Alma & B ........... sale. 8 0 Madison (W is.) City R y ........... eold.1071
Madison Square Garden.. .interest. 8 2 Nassau Electric (B ’k lyn ). readjust. 3 9
Mem. & Charleston........ mod. plan. 3 9 N. J. Electric (P aterson ). .receiver. 1174
Montana Union R y .................. sale. 1 3 4 Paterson Central Elec....receiver. 1 3 5 Rockaway V illage R R ............. sale. 8 3
Morristown & Cumber. Gap.noeale.
Newark Somerset & Straitsv. dej. 823 Terre Haute Elec. ..reevrship. case.1025
do
default. 8 4
New Orl. & W estern.......... receiver1 3 4
Aetna-Standard Iron & Steel 00 . —$400,000 B on d s O ffered.
__President W . T. Graham notifies the stockholders that
subscriptions will be received at the company’s office at
Bridgeport, Ohio, for $400,000 of the $600,000 bonds author
ized last June. The new loan will bear date Jan. 3, 1896,
will be in $500 and $1,003 pieces, and will be payable in ten
years, but subject to call after three years. It w ill retire the
$100,500 bonds outstanding and provide for improvements.
A llegheny (P a .) County L ig h t .— S tock In crea se.— This
company, which recently paid a stock dividend of 20 per cent,
will hold a meeting March 2 to consider a proposition to
increase its stock, now amounting to $1,509,000, to some
amount, probably $2,500,000, for improvements.
American B ell Telephone .— In crea se o f T elephones in Use.
—The Boston papers give the following statement showing
the increase in the number of telephones in use by the com
pany’s licensees compared with previous years:
Tear ended Dec. 20—
1897.
Gross o u tp u t....................2 4 1 ,2 7 1
Returned?................................. 92,867
Net output.............. .......... 148,404
1896.
192,086
94,773
^|95.
176,060
82,0 IQ
1894.
89,493
72,318
97,313
94,030
17,175
The total telephones in use on Dec. 20, 1897, was 920,693,..
against 772,289 in December, 1896.—V. 64, p. 1040.
American Glucose Sugar R efining.— C on solid a tio n .—
stockholders of the American and Imperial Glucose Sugar
Refining companies on Thursday formally voted to consoli
date their properties under the title of the American Glu
cose Sugar Refining Company, a New Jersey corporation.
The incorporators are Thomas A. McIntyre, W illiam EL
Bartlett, Frederick J. Middlebrook and J. C. Marshall. The
officers are: President, Chas. M. Warner, of Syracuse; VicePresident, W m. H. Bartlett; Secretary, Geo. W . Lamb..
The capital o f the company is $3,000,000.
American Straw B oard .— Official C ircu la r as to C om pany
B u sin ess .—In a circular asking proxies for the annual meetr
ing Feb. 3, Secretary E. M. Watkins says in substance:
J a n u a r y 22, 185 8.]
THE CHRONI LK.
For the first time since 1893 your management is able to report
•substantial improvement in its business, the improvement in the last
quarter of 1897 being decidedly marked. The low cost of supplies,
•continued economy in the manufacturing department; and orders in
abundance, enabling the company to operate mills continuously at
their full capacity , have reduced the cost of production to a figure
never before thought possible. Consequently, notwithstanding the
low price realized "for its product, the margin between cost ana sell
ing price is still sufficient to yield a fair profit. The tonnage sold the
la st four months of 1897 nearly equals that for the corresponding period
in 1892—the most prosperous in the company’s history. The prospects
for the current year are exceedingly bright.
The country has passed through the most severe and protracted
business depression ever known. Notwithstanding these conditions,
your company has been able to earn its fixed charges and provide for
its sinking fund, reducing its bonded debt $420,000; besides charging
off a considerable sum to depreciation. You are to be congratulated
that matters have turned out so well.—V. 64, p. 841.
American Surety .— N ew P r e s id e n t .—The trustees this week
unanimously elected Walter S. Johnston, of the executive
board, President of the company, to succeed Col. W illiam L.
Trenholm, resigned.
A tlan tic Avenue EE.—B rooklyn Bath & W est End EE.
—Kings County T raction —Nassau E lectric EE.— O ffer to
P u rch a se M in o rity H old in g s .—The Guaranty Trust Co. of
New York informs holders of Atlantic Avenue RR. 5 per
•cent improvement bonds and Brooklyn Bath & W est End
R R . 5 per cent general mortgage bonds that the syndicate
formed for the purpose of participating in the readjustment
of the bonded indebtedness and leasehold interests of the
Nassau Electric R R . and Atlantic Avenue R R. Co. of Brook
lyn, having purchased more than two-thirds o f the abovenamed bonds at 85 and accrued interest, they are authorized
to offer the same price to the holders of any of the remaining
bonds, provided such bonds are deposited on or before Feb. 1.
The stockholders of the Kings County Traction Co. also
received the following from the parties recently hold
ing control: “ We have sold, in connection with other
large shareholders, more than a majority of the stock of the
Kings County Traction Co. at the price of $47 per share,
and have made it a condition of the sale that the minority
stockholders be given the right to dispose of their stock at
the same price. Shareholders desiring to avail themselves of
the option may, by presenting their certificates to the Guar
anty Trust Co. receive cash for the same at the above-named
price of $47 per share. The right to sell under the option
w ill expire Jan. 14, 1898.” This offer has been generally ac
cepted.—Y. 66, p. 39.
A tlantic Transportation Co .— S tock In crea sed to $8,000,000 .—This company filed a certificate at Trenton, N. J., Jan.
18, increasing its capital stock from $100,000 to $3,000,000.
The corporation is authorized to transport merchandise or
passengers upon land or water between points in the United
States and between points in the United States and foreign
countries. General Edward T. xMeany, of Newark, is the
President; ex-Governor W illiam A. McCorkle, of West V ir
ginia, is Vice-President; Hayward A. Harvey, of East Orange,
Treasurer, and Lawrence S. Mott, o f Newark, Secretary.
The other directors are United States Senator Smith, of New
ark; ex-Governor Werts, of New Jersey, and Robert H.
Sherwood, of Brooklyn.
A tlantic Valdosta & W estern H R .— M o rtg a g e f o r $2,500,000 .—The company has filed a mortgage for $2,5' 0,000 to the
Central Trust Co as trustee. George S. Baxter & Co., o f 18
W all Street, are building the line, which is shortly to be in
operation from Haylow, Ga., to Crawford, on the Florida
Central & Peninsular, and ultimately to form a direct route
between Valdosta, on the Georgia Southern & Florida, and
Jacksonville. Walter Ferguson is President of the railroad
company.—V. 65, p. 1070.
Boston T erm inal.—$3,000,000 A d d itio n a l B o n d s .—The
company has applied to the Massachusetts Railroad Com
mission for permission to issue $3,000,000 additional first
mortgage bonds, raising the total thereof to $12,000,000.—
V. 64, p. 1223.
B rooklyn & B righton Beach EE»— R eceiv ers .—The receiv
ers are George W . Palmer and Ed. L. Langford.—V . 66, p. 133.
B rooklyn Elevated EE.— F irst in sta llm en t o f A ssessm en t,
25 p e r cen t, P aya ble Feb. 7.—The Olcott Reorganization Com
mittee gives notice that in pursuance of the plan of reorgani
zation heretofore announced, a first installment of 25 per
cent of the amounts to be paid by the various security hold
ers is payable at the Central Trust Company, 54 W all Street,
on Feb. 7, 1898. The total assessments are as follows:
On each.
Am't. I On each.
n jfP fl
Union El. 2dino., $1,000....... $100 I Seaside& B .B .lstM .,$1,000,.$100
Brooklyn El. stock, $ 1 0 0 ....... 10 |Brooklyn El. 2d M., $1,000.. 200
President Frederick Uhlmann on Jan. 14 said:
The assessment is $10 per share, and almost every shareholder has
consented to go into the scheme. We shall raise over a million dollars
hy this means, and this will enable us to make the changes necessary
to operate over the bridge This week we gave a contract for the
changes in the New York terminal of the bridge to the contractors
who built the terminal. We have until June 23 to complete our work,
and I have every reason to believe that we shall be ready by that time.
—Y. 66, p. 80.
Brunsw ick L ight & W ater .— F oreclosu re Sale F eb. 26.—
This property is advertised to be sold on Feb. 26 under fore
closure of a mortgage made in 1890 to the Me; cantile Trust &
Deposit Co. of Baltimore.
Buffalo Gas.— N ew S ecu rities .—The New York Security &
Trust Company, 46 W all Street, began on Thursday to issue
the new bonds and stock in [exchange „for the subscription
certificates.—V. ,66, p. 80.
18 8
Central W ashington R. E . — S old U n d er F o reclo su re .—
This property was sold under foreclosure at Spokane, Wash.,
on Wednesday, and bid in for the bondholders at $100,000.
The Committee expects to announce shortly a plan of reor
ganization.—V. 65, p. 1172.
Chicago Edison —N ew B o n d s .—The company recently is
sued an additional $400,000 five per cent first mortgage bonds
making the total amount now outstanding $3,975,000.
P u rch a se o f F ra n ch ise .—The company has
purchased
the Commonwealth company’s franchise, which is said
to be a liberal one, giving its owners the right to manu
facture and distribute electricity * for the purpose of furnish
ing light, heat and power and the transmission o f sounds and
signals’ in all parts of the city.”—V. 65, p. 1033.
Chicago General R y.—O ffer to E x ch a n g e B on d s. —On or
before March 1,1898, the company, upon the delivery of each
or any of the outstanding bonds of the West & South Towns
Street Ry. Co. to the Merchants’ Loan & Trust Co. (trustee)
will take up the February coupons in cash, and, in exchange
for each $1,000 of the principal thereof, will give :
One General bond of $1,000; a certificate for $50, payable Feb. 1,
1902 (without interest), being the premium due at said date upon the
cancellation of said Towns bond; eight certificates for $5 each, pay
able consecutively on the first day of August and February, from Aug.
1,1898, to Feb. 1,1902 (without interest), being the difference in the
amount of the interest coupons of the Towns and General bonds,
N ew R o a d a n d E a rn in g s ,—In July last, by lease from the
Chicago City Railway, the General Railway acquired the
right to operate its cars on Twenty-second Street from the
river to Wabash Avenue, thereby increasing its road operated
from 11*1 to 13 58 miles Thé earnings for the year 1897
were : Gross, $79,821 ; net, $37,304 ; fixed charges, $36,155 ;
balance, surplus, $1,149.—V. 63, p. 1114.
Columbus & H ocking Coal & Iron .—R e c e iv e r D isch a rg ed .
—The receiver was discharged last week, the company’s
finances having been readjusted and its bonds scaled to 5 per
cent interest per plan in the C h r o n ic l e o f Nov. 20, 1897, p.
976. See also V. 66, p. 81. The stockholders quite generally
paid the assessment of $1 per share, the amount thus contrib
uted aggregating $137,000. Had the assessment been paid by
all,the amount would have been $144,700.—V. 66, p. 81.
Electro-Pneumatic Transit — P r o tectiv e C om m ittee. —
Jobn I. Waterbury, William A. Dick and Bernard M. Ba
ruch, at the request of the holders of a large amount of stock
who believe that the patents owned by the company control
fundamental principles of pneumatic tube transportation,
have consented to act as a committee to protect the stock
holders’ interests. Stockholders are requested to deposit
their holdings, endorsed in blank, with the Manhattan Trust
Company, under the terms of a protective agreement, paying
to the trust company 20 cents per share to meet expenses.
The company’s charter was canceled owing to non-payment
of taxes, but it is proposed to reorganize and pay up the
amount due.— V. 65, p. 464.
F itchburg R. R .—N ew B on d s, —The Massachusetts Rail
road Commission will hold a hearing Jan. 31 on the petition
of the company for permission to issue the $1,450,000 of 4
per cent bonds which were authorized by the stockholders
last September for refunding and other purposes mentioned
in V. 65, p. 463.—V . 65, p. 924.
F ort P lain & R ichfield Springs.—P o s tp o n e d .— The fore
closure sale is reported indefinitely postponed. V. 65, p. 869.
Front Street Cable.— Sold.— This property was bought at
foreclosure sale on Jan. 8, for $65,000 by the purchasing
trustees, who are Hon. Frank Jones, o f Portsmouth, N. H.;
George Tourney, of San Francisco, and Bert R . Hecht, of
San Francisco. It is understood that the new company will
be styled the First Avenue Railway Company.—V. 65, p. 869.
Hutchinson & Southern R. R .—S old . —The property was
purchased at the foreclosure sale Jan. 14 by the reorganiza
tion committee for $100,000.
Illin o is Central R R .—B on d s O ver-S u bscribed . —The bonds
offered last week by Kuhn, Loeb & Co. and Vermilye & Co.
were considerably over subscribed.—V. 66, p. 136.
D ivid en d P a y m en ts in G rea t B r ita w. —The company has
notified its English shareholders that hereafter, if they so
elect, there will be mailed from New York, onjthe first day
on which the dividends are payable, checks on the Bank of
England for an amount in sterling equivalent, at current
rates of exchange, to the dividend on the shares at that time
standing in their names on the books of the company, less
the British income-tax. Orders for the mailing of checks on
the next semi-annual dividend day, March 1, 1898, must be
lodged with the company in New York on or before Feb. 15,
1898.—V. 66, p 133.
Kankakee W ater Co.— R eceiv er. —The Farmers’ Loan &
Trust Co., as mortgage trustee, has brought suit for fore
closure and the appointment of a receiver for this company,
owing to default in the payment of interest on $50,00 ) second
mortgage bonds. The first mortgage bonds outstanding, it
is said, amount to $125,000; second mortgage, $50,000; third
mortgage, $20,000.
Laclede Gas Light Co.—D iv id en d on C om m on S tock . —The
directors have declared a dividend of 3 per cent on the pre
ferred capital stock, being the balance of deferred payments
due thereon, and also a dividend of
per cent on thé com
mon stock, from the earnings of the past six months, both
dividends being payable Feb. 15, 1898.—V. 65, p. 1220.
184
THE CHRONICLE.
Lehigh T alley R. R . —N ew Officers a n d D ir e c to r s . —At the
annual meeting on Tuesday the following directors were
elected unanimously :
President, Alfred W alter; Directors, Charles Hartshorn©, Elisha P.
Wilbur, John B. Garrett, Beauveau Borie, Joseph Wharton, Thomas
McKean. Eugene Delano, Edward T. Stoteshury, Charles H. Coster,
Justus C. Strawbridge, Irving A. Stearns, Abram Nesbit.
The last three named are new members o f the Board. The
retiring Directors are R. H. Sayre, Japaes I. Blakslee and
William A . Ingham. Mr. Strawbridge, it is stated, was
placed in the Board to represent Philadelphia business inter
ests, Mr. Stearns to represent the large coal-carrying inter
ests of Coxe Brothers, and Mr. Nesbit, President of the Sec
ond National Bank o f Wllkesbarre, to represent large
holdings of stock, Mr. Stearns was formerly Superintendent
of the Susquehanna Coal Co.
Subsequently at the meeting of the Board of Directors the
resignation of Robert H. Sayre, Second Vice-President, was
announced ; and the following officers were elected : Charles
Hartshorne, Vice President; John B. Garrett, Second VicePresident; J. Andrews Harris, Jr., Treasurer; John R.
Fanshawe, Secretary, and D. G. Baird, Assistant Secretary.
The President announced the appointment of Mr. Robert
H. Sayre as assistant to the President. The annual rep ort
appears on pages 188 to 189 o f this issue.—V. 66, p. 129.
Memphis (Tenn.) L ight & P ow er Co .— B o n d s C alled —
F m t mortgage gold 6s of 1891, Nos. 197, 200, 238, 315,
320, 351, 373 and 383 have been drawn for redemption on
Jan. 15, 1898, and will be paid upon presentation at the
Atlantic Trust Company, New York City.
M obile & Ohio R R.— F ir s t D iv id en d . —The board o f di
rectors on Wednesday declared a dividend of 1 per cent
upon the company’s capital stock, payable at the office of the
company, in the city of New York, on the 28th day of Feb
ruary, lb98. They further directed that an amount equal to
the amount of such dividend be paid in conformity with
the requirements of the debenture deed of trust to the credit
of the sinking fund. The transfer books will close Feb. 21
and reopen March 1.
S ta tem en t f o r th e S ix M on th s E n d in g D ec. SI, 1897.—The
following statement has been furnished to the C h r o n ic l e :
Six months ending December 31—
1897.
Gross revenue (December partly estimated)__ $2,134,949
*Operating expenses, taxes and insurance........ 1,317,409
,
Interest charges and rentals................................
$817,540
520,348
Balance, surplus for half-year.....................
Dividend payable Feb. 28,1898, as above........
Sinking fund payment, as a b ove........................
$297,192
$53,206
53,206
Balance over dividend and sinking fu n d ........$190,780
“ The Whitney boards consist of Henry M. Whitney
President; Emerson McMillin, Vice-President; Stephen Pea
body, A. H. Paget, Dr. Robert Armory, Thomas W. Lawson
Parker C. Chandler, Robert W . Lord and William L. Elkins’
Jr. A ll contracts made between the different gas companies
and the New England Gas & Coke Co., Massachnsetts Pipe
Line Co., and Dominion Coal Co, were ratified and confirmed.
A ll suits brought or instigated by Mr. Lawson are to be with
drawn.”
A press dispatch from Boston yesterday said: “ Thomas
W . Lawson to-day denied that any compromise had been
reached in regard to the gas war. The field has not been
‘divided,’ he says. He claims to have refused all overtures
from Mr. Henry M. Whitney, and declares that the situation
is unchanged. Mr. Whitney declines to discuss the matter.”
—V. 66, p. 82.
N orfolk & Ocean View Ry.—Sale M a rch 23.— This prop
erty is advertised to be sold under foreclosure at Norfolk
Va., on March 23, as was announced in the advertising
columns of the C h r o n ic l e last week.—V. 66, p. 83.
North American Trust Co., New York City—New P resi
d en t.— William L. Trenholm, Comptroller of the Currency
under Mr. Cleveland, and until last Monday President of the
American Surety Co., and Vice-President of the State Trust
Co., has accepted the presidency of the North American
Trust Co. Samuel M. Jarvis, who has heretofore been Presi
dent, resigned, and will hereafter devote himself more
especially to the European business. He and Roland R.
Conklin will be the Vice-Presidents. Ex-Vice-President
Adlai E. Stevenson has become general Western counsel of
the company, and has also been elected one of its directors.
It is purposed to establish extensive Southern and Western
connections.
N orthw estern Elevated RR., Chicago.— C on stru ction
C om p a n y to L iq u id a te —R a ilr o a d to Issu e N ot E x ceed in g
#4,000,000 B o n d s. —A t the annual meeting Jan. 12 the stock
holders of the Columbia Construction Company voted to can
cel the construction contract, which it has been unable to
fulfill, and to return the Northwestern securities held by it.
The railroad company, on its part, is to complete the road,
to assume the debts o f the construction company, and to give
1896.
$1,990,526 $125 of elevated non-cumulative 6 per cent preferred stock
1,226,416 for each $100 paid on the construction company’s stock. The
$764,110 stockholders of the latter’company who subscribed to the last
issue of $431,800 will receive also a bonus of 40 per cent on the
521,383
amount of this last subscription in Union Elevated RR.
$242,727 stock (see V. 63. p. 503).
...............
The following resolution was adopted after having been
...............
amended so as to limit the bond issue to $4,000,000:
...............
*Inoluding all expenditures except the cost of new equipment and
the principal of Car Trust paid.
“ The company has no floating debt.
“ The revenue of the company was somewhat affected, and
largely so in its passenger earnings, by reason of quarantine
regulations, which went into effect September 17, necessitat
ing the removal, temporarily, of the general offices o f the
company to St. Louis, causing more or less interruption to
business and considerable expense.”
Contracts have been made for a thousand freight cars, ten
thousand tons steel rails and ten locomotives, which will
entail an annual expenditure of $60,000 a year until paid for.
This charge will be offset by a large reduction in the amount
annually paid for car mileage on account o f deficiency in
equipment.—V. 65, p. 724, 735.
M ontgomery Light.—S old U nder F o reclo su re — This prop
erty was sold on Jan. 15, under foreclosure of the first mort
gage of 1889, for ¡.$150,000 (Farmers’ Loan & Trust Co., trus
tee), and purchas ed for the bondholders by Bernard Kahn,
Chas. M. Slagle ard Frank J. Hambleton, o f Baltimore, for
$258,900. The stockholders have two suits’in equity pending,
notice of which was given before the sale.
M ontreal Street Ry.—Increase, o f D iv id en d . —The an
nouncement is made that the dividends w ill be increased
from 4 per cent half-yearly to 2 % per cent quarterly.—V.
64, p.800.
H
Natalie Anthracite Coal.—F o reclo su re Sale M a rch 11/.—
The Pittsburg Trust Co., as receiver and mortgage trustee,
advertises the foreclosure sale of this property (embracing
2,700 acres of land in Pennsylvania) on March 14 at Pitts
burg. The upset price is $100,000.
New England Gas & C ok e—Bay State G a s—Boston Gas
Companies.—A g reem en t a s to C o n tro l.— Albert C. Burrage
of Boston, counsel for the Bay State Gas Co., on Thursday
was quoted as making the following statement:
‘ •The differences between Thomas W . Lawson and Henry
M. Whitney and the different gas and coke companies rep
resented by them were settled to-day at a conference of all
parties interested. The settlement included the return to
the Bay State Gas Co. o f Delaware o f the $1,000,000 capital
stock of the Bay State Gas Co. of New Jersey, the election of
a Lawson board o f directors for the Boston, South Boston.
Roxbury and Bay State companies and a Whitney board
for the Brookline, Dorchester and Jamaica Plain companies.
“ The Lawson boards consist of Thomas W . Lawson,
President; Parker C. Chandler, Vice-President; Henry M.’
Whitney, John G. Moore, Samuel Little. S. E. Smith, H. H.
Rogers, F. P. Addicks, W . R. Addicks, Charles P. Burrage,
C. P. Hayden, S. M. Sampson and Anthony N. Brady.
[V ol . LXY 1.
That, inasmuch as the construction company could not carry out its
contracts of February, 1894, and September, 1896, it should dissolve
those contracts and return to the Northwestern “ L” the $3,000,000 of
its bonds and $3,000,000 of its stock held by the construction com
pany on condition that within five days the railroad company should
give its promise to complete the road and put it in operation, assume
all the indebtedness of the construction company and give to the
stockholders of the construction company non-cumulative 6 per cent
preferred stock of the road to an amount equal to 125 per cent of the
cash they had paid in on their stock; that the railroad company should
not issue any more preferred stock than the amount necessary to take
care of the construction company stockholders on the basis men
tioned; that the railroad company should be empowered to issue and
sell 5 per cent bonds, the proceeds from which should be necessary to
complete and equip the road and pay off the debts of the construction
company, but that the company should issue no more bonds than
required to accomplish these things.
Subscriptions to the construction stock have been paid to a
total of about $4,166,100; the issue o f Northwestern preferred
stock therefore in lieu thereof will aggregate $5,207,000. The
bond issue, as said above, is limited to $4,000,000. In the re
port on a preceding page President Louder back says that to
pay off existing obligations and to complete the road
will cost about $3,500,(00. The construction company
was unable to comply with the conditions required by the
syndicate which proposed to advance this money several
months ago, but the railroad company itself, Mr. Yerkes be
lieves, will be able to sell its bonds, with little or no delay,
at a price reported to be about 90.—V. 65, p. 924.
P acific Cable Co.—E lectio n . —The stockholders have
elected as directors J. Pierpont Morgan, Edmund L. Baylis,
J. Kennedy Tod, John Irwin and James A. Scrymser.
President Scrymser appeared before the House Committee on
inter state and foreign commerce on Tuesday to advocate a
contract with the United States, whereby the company
would transmit all official messages for $175,600 a year, for
twenty years, from San Francisco to Hawaii, China and
Japan, with a proposition to extend the contract to Australia
for $75,010 aditional per year. He said that the company
proposed to lay 8,000 miles of cable.— V. 62, p. 462.
P eoria Decatur & Evansville R y .— N o tice f r o m B ra w n
C om m ittee. —The Brown Committee gives notice that second
mortgage bonds and New York Security & Trust Company’s
certificates of deposit of second mortgage bonds can be de
posited under the plan o f reorganization dated Oct. 1, 1897,
upon the payment of the first instalment of the assessment
(5 per cent) with interest at 6 per cent per annum on the
amount of the said assessment from Nov. 1, 1897. Of the
$2,757,000 first mortgage bonds, $2,580,000 havej been Ldeposited under the said plan. V. 66, p. 135.
Pullm an’s Palace Car.— M r. P u llm a n ’s S ecu rity H old in gs.
—The inventory o f Mr. Pullman’s es'ate, which was filed in
the Probate Court at Chicago this week, showed his holding
of Pullman’s Palace Car stock to amount at par to $3,391,900.
J
a n u a b y
22,
1888.J
THE CHRONICLE.
185' '
The stocks held by him, while over eighty in number and the first three years, be entitled to interest, only if earned, at
aggregating a large sum, were in most cases in blocks of less the rate of 2 per cent per annum. Thereafter, for two years,
than §50,000. The principal exceptions to this rule and the they will be a fixed charge at 2 per cent per annum : for the
chief of his bond holdings are shown below :
next two years at 3 per cent per annum ; for the next two
Stocks.
Par value• years at 4 per cent per annum and thereafter at 5 per cent
Stocks.
Par value.
Boston & Maine, com... $120,000 North American Co....... $550,000 per annum.
20.000
Chicago Edison.............
100,000 Am. Cotton Oil, com ....
For the first two years the new company will be free from
do
do
p re f....
58,300
Chicago Telephone.......
91,100
50,000 the necessity of applying any of its revenue to the payment
Diamond Match............
60,000 L. E. & Western, com ..
70,000 o f interest, the assessment providing for the same. There
Glucose Sag. Ref., pref.
100,000 Tenn. Coal & Iron........
60,000
do
do
com.
71,400 Southern Ry., com .......
100,100 after the interest charges will be approximately as follows :
National Dead, pref___
51,000 Chicago Gold Co............
45,000
Pullman’ s Palace Car.. 2,391,900 U. S. & Brazil SS..........
Kans.City Pittsb. & Gulf
100,000
Bonds.
Par value.
50,000
Paciflo Mail SS...............
New York Biscuit........
55,000 Ft. Worth & Deny. City. $212,000
110,000
N. Y. Loan & Im p........
125,600 Kan.City Pitts.& Gif. 5s
216,000
Steel Tired Wheel, pref.
183,000 U.P.Denv.& Gif.consols
108,000
do
do
com.
122,000 Ch. Gas Light & Coke..
Third year, $24,400; fourth year, $34,750; fifth year, $34,750;
sixth year, $39,925; seventh year, $39,9^5; eighth year, $45,100;
ninth yeir, $45,100; tenth year, and thereafter, $50,275.
The committee hope that the Ocean City RR. which was
completed about three months ago, and which affords entrance
into Ocean City will materially increase the company’s
earnings.
—Y. 65, p. 925.
The following particulars are given regarding the property.
Queen City Street Ry.—Dallas City Street R y —Dallas,
The South Jersey RR. Oo. owns a line of railroad extending from
Texas .— P u r c h a s e — P rop osed C o n solid a tion .— C. H. A lex
Junction (a point of connection with the Atlantic City RR.,
ander of Dallas, who recently purchased the Dallas City Winslow
24^ miles south of Camden) to Cape May, with a branch line to Sea
Street Ry. at foreclosure sale, has also purchased the Queen Isle City, a total mileage of 66-2 miles, exclusive of sidings. It has
City Street Ry. from George W. Davenport of Winchester, trackage rights over the Atlantic City RR. between Winslow Junotion
Mass., for $150,000, o f which $90,000 in cash. The two prop and Camden for its passenger trains and a traffic agreement covering
interchange, at Winslow Junction, o f freight business. The Ocean
erties will be consolidated, making a system with 86 miles the
City RR. extends from Petersburg, on the Sea Isle City Branch, to
Ocean City (about 9Lj miles), and is operated by the South Jersey,
o f track.—Y. 65, p. 1173.
a lease, by the terms of which the company owning this line
R eading Company—Philadelphia & Reading R R.— under
will receive as rental a mileage pro rate of the gross receipts of the
B o n d s Called.— Ten-year sinking fund 5 per cent coupon business transported over it, but out of this rental the South Jersey
bonds of 1902. Nos. 4, 164, 181, 246, 520, 615, 624, 629, 630, Company will be entitled to two-thirds of any excess of the same over
amount required for the organization, expenses, taxes and interest
640, 670, 692, 754, 858, 895, 924, 1066, 1289, 1300, 1303, 1323, the
of the Ocean City RR. Co., which will require about $8,000. The
1465,1580, 1607, 1623, 1648, 1683, 1728, 1811, 1886, having been South Jersey line to Ocean City is 12 miles shorter than the competing
drawn, w ill be paid Feb. 1 at the office o f the Trustee, The line of the West Jersey RR. The company owns the following equip
6 Baldwin engines, 23 passenger oars, 2 club oars, 3 combina
Pennsylvania Company for Insurances on Lives & Granting ment:
tion passenger and baggage oars.—Y. 66, p. 135.
Annuities, of Philadelphia.—Y. 66, p. 39.
Steel Tired W heel Co.—F ir s t D iv id en d . —This consolidated
Seattle Lake Shore & Eastern Ry .— P ro p o sitio n s to L ease corporation, which early in 1897 bought six or seven im
a n d P u rch a se .—The certificates representing the deposited portant car wheel companies, this week paid a dividend of
bonds have risen over 35 points during the past two weeks, ac 5 per cent on its preferred stock for the ten months ending^
companied by rumors that both the Canadian Pacific and the December 31,1897, being at the rate of 6 per cent per annum.
Northern Pacific were seeking control of the property be The preferred stock of the company is 6 per cent cumulative.
cause of its value in connection with the Klondike travel. A The headquarters are in New York. Mr. Pullman was
meeting of the certificate holders was held on Monday behind largely interested in this enterprise, as appears from the list
closed doors, but it is reported to have been poorly attended. of his holdings on another page under the heading, Pullman’s
The proposition before it is said to have been from the Palace Car.
Canadian Pacific to lease the road at 2 per cent on the bonds
Street’s W estern Stable Car Line.—B on d s C alled . —In
for the first year, 3 per cent for the second and 4 per cent
pursuance of the refunding scheme the company gives notice
thereafter, with the option of buying the bonds at 77
Morton Patón, chairman of the reorganization committee, that all the outstanding certificates and accompanying bonds
and H. O. Armour are reported to have received power of of 1889 have been called for redemption and will be paid at
attorney from a number of the bondholders to act for their 105 on Feb. 1, 1898, at the office of the companv, Old Colony
Building, Chicago, III., the Atlantic Trust Co. in New York
protection.
City, the Phenix National Bank, New York City, or at the
Messrs. Moore & Schley have published the following:
City Bank, in London, England.—V. 66, p. 83.
It has come to our knowledge that the assent of the certificate hold
ers is being asked to a proposal of lease by a corporation foreign to
Terre Haute E lectric Ry.— D e fa u lt. —The company de
t)his country, involving a guaranty on the bonds to be issued under faulted Jan. 1 on the coupons of both mortgages.—Y . 66, p. 84.
the plan of reorganization, and reserving to the guarantor the right,
hut no obligation, to purchase at a price named, in consideration of
Union Pacific Ry.— C red itors C annot In te rv e n e . —Judge
which lease possession and control of the property is to be sur Lacombe, in the United States Circuit Court, this week,
rendered to the guarantor. Believing that the true interest of all
holders lies in a sale of their holdings for cash, and being assured handed down a decision denying the application of Josiah B.
that at the present time such a sale may be effected upon more favor French and others for relief and leave to intervene in the
able terms than those proposed under the guaranty offered, we foreclosure suit brought by J. Pierpont Morgan and others,
strongly advise holders of certificates not to assent to the proposed
arrangement of lease, guaranty, and option, but to join with us in se as trustees, under the collateral trust deed of 1891 securing
curing a price in cash, which we believe can be done, and upon more the gold note 6s.—V. 66, p. 135.
advantageous terms to the holders than any thus far suggested
W. G. H itchcock & Co.—P la n O p era tiv e. —The plan and
Considerable purchases of the certificates representing the" agreement of Dec. 14,1897, having been assented to by credit
bonds are reported to have been made in the interest of the ors representing more than the required proportion, has been
Northern Pacific, but whether that company or any other declared effective.— Y. 66, p. 136.
parties have actually secured a controlling interest it was
W heeling & Elm Grove R y.—B o n d Issu e. —The stockhold
impossible to ascertain yesterday afternoon. A vote of 60 ers on Monday authorized an issue of $225,000 of 5 per cent
per cent of the $5,558,000 outstanding certificates represent bonds redeemable in ten to thirty years. The proceeds are
ing the bonds is necessary in order to effect a sale or lease to be used in the construction of the Elm Grove’s double
o f the road.—V. 64, p. 331.
track on the country division, the acquirement of the Subur
Second A venueRR.—M etropolitan Street Ry., New York ban Electric Railway Company’s line, the equipment of the
— L ease. —S to ck .—The Metropolitan Street Ry. Co., it is re entire system with electricity, building o f the power house,
The Suburban Electric line was practically taken
ported, has taken a long lease of the Second Avenue RR. on etc.
the basis of 8 per cent on the stock for three years and 9 per some time ago. The line runs from Elm Grove, east over
cent thereafter. Previously the minority stockholders re the National pike to Triadelphia.
ceived the follow in g: “ This is to notify you that if you de
W isconsin & M ichigan Ry.— E x ten sio n a n d B o n d Issu e .—
sire to avail of the offer, this company will take your stock A press dispach from Menominee, Mich.. Jan. 20, touching
in the Second Avenue RR. Co. at 150, the price it has paid the annual meeting, says the company will issue bonds
for the stock bought of Mr. Vanderbilt and others. This towards the cost, estimated at $575,000, of the proposed
privilege will terminate on Jan. 19, 1898.”—V. 65, p. 276 ; Y. extension of the road to the Menominee Iron range and the
66, p. 134.
new timber belts on the north. S. M. Fischer of Chicago is
Southern Ry .— M eetin g Feb. 18 to A c t o n A c q u is itio n o f President.
M em ph is & C h arleston .— N ew M o r tg a g e .— A general meeting
Wiscasset & Quebec R R .— 43 M iles in O p era tion . —It is
of the stockholders of the company will be held in R ich officially stated that 43’5 miles of this line from Wiscasset,
mond on Feb. 18 for the purpose of approving the action Me., to Albion is being operated ; that 11 miles from Albion
taken by the board of directors for the acquisition of the to Burnham and 3 5 miles from Burnham to Pittsfield is
Memphis & Charleston R R., and also for the purpose of ap graded, and that an additional 3’5 miles of the grading will
proving the proposed issue of bonds and capital stock of be required to reach Pittsfield. Direct steamboat service
the company upon the terms authorized in payment there has been established between Wiscasset and Boston; also a
for.—Y. 66, p. 83.
direct line to Portland, where connection is made with the
South Jersey R R ,— R eo rg a n iz a tio n P la n .—The main Maine Steamship Co. for New York. W . F. P. Fogg, of
features of the plan were given in the C h r o n ic l e last week. Wiscasset, Me., is General Manager.—“ Railroad Gazette.”
Some additional facts of interest, however, remain to be —V. 63, p. 190.
Zanesville Term inal Ry.—Columbus Sandusky & H ock
stated. By the terms of the plan the bondholders and credit
ors of the old company pay an assessment of 12 per cent, for ing RR.—R eceiv er A p p o in te d . —Judge Crew, at McConnellswhich they will get general mortgage “ A ” (second mortgage) ville, O., Jan. 11, appointed Chase Andrews Receiver of the
bonds, at 90 per cent of their par value, while for each $l,0i 0 Zanesville Terminal Ry. which extends from Muskingum,
of the principal of their claims they will receive $500 in gen O , to West Zanesville, 4 62 miles, and is leased to the Colum
eral mortgage “ B” (third mortgage) bonds, $500 in preferred bus Sandusky & Hocking. The last coupon paid on the
stock and $500 in common stock. These “ B” bonds will, for $453,000 of bonds was that of January, 1897.—V. 64, p. 1137.
^
___________________ ____ THK CHRONICLE.
jE r p o r t s
L E H IG H
a m i
VALLEY
'
rvot.. l x v i -
U jo x m u e it ls .
R A IL R O A D
CO M PAN Y.
EXTRACTS FROM THE FORTY-THIRD ANNUAL REPORT FOR THE FISCAL Y E A R ENDED NOY. 30, 1897.
P h i l a d e l p h i a , January 11th, 1898.
. .,
_ 7 . _ __ „
_
l o th e S tockh old ers o f the L eh igh \ a lley R a ilro a d C o m p a n y :
The following report o f the business o f your Company and its allied interests for the fiscal year ended November 30th
1897, is submitted :
r
INCOME ACCOUNT
1807.
Gross earnings from operation.........................................
Operating expenses, including county and local taxes,
1396
$19,559,166 96 ............................
14,413,330 55 ............................
$5,145,836 41 i
Add net receipts from other transportation lines operated conjointly with
Lehigh Valley Railroad....................................................... ...............................
Net earnings.................................................. ....................................................
Less—State faxes...................................................................... .............................
Balance of interest account.................................................................................
Loss on Morris Canal, Lehigh Valley Creosoting Company, loss and de
preciation on Lehigh Valley Transportation Company, Bee Line, and
Perth Amboy Towing Line...............................................................................
Surplus for year ended August 31st, due to Lehigh & Ne v York Railroad
Company, lessors....................................................... .......................................
$4,931,002 38
156,252 77 I
$360jÓÒ0 00
25,117 69
193,679 80
$5,302,089 18
$336,176 06
65,041 95
231,930 65
9,039 10
625,052 44
$4,677,036 74
880,03618
Net available income................................................................................................
From which deduct interest on funded debt and fixed rental of leased lines
Interest on bonds of the Lehigh \ alley Coal Company, guaranteed by this
Company.................................................................................................................
$4,744,205 86
$5,557,072 92
682,405 36
$4,442,276 82
482,479 33
$4,484,032 50
710,204 17
5,454,410 03
Balance carried to profit and loss account.
$5,124,682 18
272,148 25
8,004 10
Add income from other sources
$19,641,897 35
14,710,894 97
590,650 00
Sur.$102,662 89|
$4,924,756 15
5,074,682 50
Def.$149,926 35
For the purpose of comparison the income account for 1896 is stated on same basis as for 1897.
READJUSTMENT OF ACCOUNTS.
Y our Board has thought it proper at this time to consider
and re-value the personal property of your Company other
than such permanent investments as represent, through
ownership of securities, an integral part o f the transporta
tion system of your Company, or its investment in securi
ties of your coal companies. An inventory and appraisement
has been made of your equipment as of November 80th, 1896,
and the value on your books o f investments in properties not
an essential part of your system has been revised.
The basis of the appraisement of your equipment is the
valuation at which it was taken by the Philadelphia &
Reading Railroad Company at the time the lease of your
property was made to that company. Deducting the usual
percentages for annual depreciation since that time, to
gether with the value of the equipment destroyed and con
demned in the interval, it was found that the book value o f
coal, freight and service cars had been impaired to the extent
o f $5,866,182 38. On the same basis the value o f your loco
motive engines and passenger cars was found to exceed the
book value by $518,387 92. The difference between these
tw o amounts has been written off to profit and loss, the Le
high Valley Railooad equipment account being reduced
$5,058,827 98, and credit given to an account “ Depreciation
of Equipment of Controlled Companies” for $288,966 48.
The investments in properties not essentially a part of your
system show a depreciation of $132,906 81.
The interest that had accrued on the outstanding obliga
tions o f the railroad company and the coal company prior
to December 1st, 1896, but was not then due, has been
charged to profit and loss account.
The profit and loss account, after making these adjust
ments, is as follows:
GENERAL PROFIT AND LOSS ACCOUNT.
Expense items belonging to previous yeara $10,082 24
Surplus for year ended August 31st, 1896,
due to Lehigh & New York Railroad
Company, lessors.......................................
9,039 10
-------------------- $7,391,117 94
Credit balance November 30th, 1897,
as per balance sheet...................................................... $377,478 42
MORTGAGE AND COLLATERAL TRUST BONDS.
Under date o f May 1st last, this Company executed its
mortgage and collateral trust deed to The Girard L ife
Insurance, Annuity & Trust Company o f Philadelphia,
trustee, for the maximum amount of $15,000,000, to secure
a present issue o f $8,000,000 five per cent gold bonds, which,
after January 1st, 1900, may be increased by $7,000,000, under
carefully guarded conditions, at tfye rate of $1,000,000 an
nually, to provide funds for new construction, equipment,
&c., and other acquisitions of new property, all of which
are to be subject to the mortgage.
The property pledged to secure this mortgage includes the
entire railroad and equipment of this Company (subject to
prior mortgages), various real estate mortgages held by this
Company, sundry stocks of various companies owning rail
road and steamship lines belonging to the Lehigh V alley
system, the stocks and bonds of sundry coal and other com
panies, and the car-trust bonds of the Lehigh Valley Ter
minal Railway Company owned by this Company.
Five million dollars of these bonds have been sold, theproceeds o f which have been applied to the extinguishment
of the floating debt of the Company, the acquisition of.
other property authorized by your Board of Directors, and
to provide the company with ample working capital.
The remaining $3,000,000 are held in the treasury o f the
Company available for construction and other purposes, as
may be required at any time.
ADJUSTMENTS FROM DECEMBER 1ST, 1896, TO NOVEMBER 30TH, 1897,
CAPITAL STOCK.
INCLUSIVE.
There was no change in the share capital of the Company
during the year. It consists of—
Credit.
C reiit balance, November 30th, 1896.......$7,534,277 24
Credit balance of Income Account, year
1897..............................................................
102,662 89
Adjustment o f taxes.....................................
49,550 02
Interest on Coal Ridge Improvement and
Coal Company bonds belonging to pre
34,605 00
vious years..................................................
Sundry receipts belonging to previous
years.. „ .......................................................
26,392 25
Uncollected wages prior to May, 1892___
17,764 17
Received proportion of old account, pre
viously written off as worthless.............
1,900 00
Profit on sale of securities..........................
741 00
Correction of construction charges against
auxiliary companies, previous years . . .
622 17
Vouchers not presented for payment........
81 62
Debt.
Depreciation of equipment......................... $5,347,794 46
Interest on funded debt and guaranties
accrued prior to December 1st, 1896....... 683,337 07
Discount........................................................... 582,500 00
Interest on Lehigh Valley Coal Company
bonds accrued prior to December 1st,
1896............................................................... 245,453 31
Open book accounts, notes, &c., of pre
vious years considered uncollectible. . . .
166,506 50
Estimated depreciation in securities.........
132,906 81
Loss on Bee Line, years 1895 and 1896...
55,926 31
Proportion of cost of signal plant ex
pended prior to December 1st, 1896....... 157,567 14
806,696 shares common stock, par $50............................$40,334,800 00*
2,126 shares preferred stock, par $50..........................
106,300 OG
$7,768,596 36
$40,441,100 00.
STATEMENT OF FUNDED DEBT AND INTEREST.
Principal. Rate.
Interest.
Lehigh Valley RR. Co.—
First mortgage due June, 1898..... $5,000,000 6%
$300.000 00Second mortgage of 1910................ 6,000,000 7%
420,000 00.
Consol, mort. bonds: —
Sterl’g due Deo. 1,’97. $284,0^0►
6%
Coupon of 1923 ....... 1,319,000
6%
Registered of 1923... 4,319,000
6%
Annuity (indefinite). 9,812,000
944,040 006%
15,734,000
Coupon of 1923........ $1,669,000►
............ 4W o
Registered of 1923... 3,093/'00 1
4*2%
Annuity (indefinite). 2,538,000
328,500 0(b
4^2%
7,300,000
Mortgage & collateral trust.
5,000,000 5%
71,062 51i
Car trust, series A .................
850,000 5%
43,916 67
Car trust, series B ............... .
450,000 5%
23,541 68
$40,334,000
$2,131,060 86
The final drawing of our issue o f consolidated mortgage
sterling bonds has been made, under which all outstanding
sterling bonds, amounting to $284,000, became due and pay
able December 1st, 1897.
187
THE CHRONICLE.
J a n u a r y 22, 1898.]
STATEMENT OP GUARANTIES, INTEREST AND RENTAL OF
LEASED LINES.
Interest.
Principal. Rate.
N ame.
¿Penna. and N. Y. Canal & RR. Co.—
$105,000 00
7%
First mortgage............. $1,500.000
200,000 00
5%
Consolidated mortgage 4,000,000
67,500 00
Consolidated mortgage 1,500,000
............ 4V/o
120,000 00
Consolidated mortgage 3,000,000 n 0'0 o '¿o o 4%
STATEMENT OF SECURITIES OWNED BY LEHIGH VALLEY
RAILROAD COMPANY, COVERED B Y COLLATERAL
TRUST DEED.
Par value.
B onds—
Morris Canal & Banking Co................................................. «?nnn’nnn nn
Schuylkill & Lehigh VaUey RR. Co.................................... 2,000,000 00
Rochester Southern RR. Co................................................. , 425,000
Lehigh Valley Coal Co. of 1 8 9 2 ......................................... 1,400,000 00
Lehigh Valley Coal Co. of 1 8 9 7 ......................................... ^ n n ’ nnn no
Easton & Amboy RR. Co.—
First mortgage................................. 6,000,000 5%
The Lehigh Valley R. W. Co.—
' First mortgage................................. 15,000,000 4^2%
*Lehigh Valley Terminal Ry. Co First mortgage................................. 10,000,000 5%
Morris Canal <&Banking Co.: —
■a Preferred stock............ $1,175,000
............ 10%
b Consolidated stock...... 1,025,000
............ 4%
* First mortgage..............
500>000 2,700,000 6%
Coal Ridge Improvement & Coal Co. of 1867..............
Coal Ridge Improvement & Coal Co. of 1874..............
Lehigh Valley Terminal Ry. Co. Car Trust.....................
Greenville & Hudson Ry. Co..............................................
¡-Lehigh & New Y ork RR. Co.:—
First mortgage..................................
Easton & Northern RR. Co.:—
•First mortgage..............
Middlesex Valley RR. Co.:—
. c First mortgage.................................
Elmira Cortland & North. RR. Co.:—
f First preferred mtge....
$75,000
First mortgage.............. 1,250,000
2,000,000 4%
300.000 00
675.000 00
500.000 00
117,500 00
41.000 00
30.000 00
80.000 00
51,000 412
2,295 00
375,000 5%
18,750 00
6%
5%
45.000 00
62,500 00
............
2,000,000
Canastota Northern RR. Co.:—
300,000 6%
t First mortgage................................ .
•'Schuylkill & Lehigh Val. RR. Co.:—
* First m ortgage................................. 2,000,000 5%
Rochester Southern RR. Co.:—
* First mortgage..................................
425,000 5%
Hazleton Coal Co.:—
n
* First mortgage.................................. 2,000,000 5%
Greenville & Hudson Ry. Co.:—
* First mortgage.................................
350,000 5%
Waverly & state Line RR. Co.:—
—
Rental................................................
Lehigh Valley Coal Co.:—
d Mortgage bonds of 1892................ 11>697,QQ0 5%
* Mortgage bond of 1897................... 5,000,000 5%
-Delano Land Co.................. . .............. 1,154,000 5%
T ota l......................................... •- .$71,052,000
18.000 00
100.000 00
21,250 00
100,000 00
8,750 00
600 00
585,204 17
125,000 00
58,800 00
$3,382,149 17
E C A P IT U L A T IO N .
Interest.
Principal.
Lehigh Val. Railroad Co., funded debt. $40,334,000 00 $2,131,060 86
2,613,145
00
Guaranties and rental of leased lines. 53,201,000 00
Total interest on funded debt and
fixed rental of leased lines as per
income account............................
Lehigh Valley Coal Company...............
Interest charge as per income account
_ . v -16,697,00(r00
.............
710,204 17
. . . . . . . . . . . . $5,454,410 03
58,800 00
1,154,000 CO
Total int. charged to income acc’t..
Delano Land Company.........................
Total principal of funded debt and
guaranties................................ ............ $111,386,000 00
Total int. on same accr’d dur’g y e a r’97
.................. $5,513,210 03
N o t e .—The interest on bonds of the Delano Land Company matured
•during the year was paid by that Company.
*AU owned by Lehigh Valley Railroad Company.
tNot guaranteed by Lehigh Valley Railroad Company, but are a
«mortgage lien on property which is a part of its system by ownership
*of capital stock.
„„ „„
a Lehigh Valley Railroad Company owns $271,400.
b Lehigh Valley Railroad Company owns $318,300.
c Lehigh Valley Railroad Company owns $164,000.
d Lehigh Valley Railroad Company owns $1,400,000,
STATEMENT OF SECURITIES OWNED BY LEHIGH VALLEY
RAILROAD COMPANY, NOT COVERED BY COLLATERAL
TRUST DEED.
tiaktis—
Par value*
Middlesex Valley RR. Co....................................................
nn
Genesee & Wyoming Valley RR. Co..................................
15|M>00 00
Glen Summit Hotel & Land Co........ ................................. ,
79,000 00
.Mansion House Hotel Co....................................................
7,000 00
$625,000 00
Middlesex"Valley RR. Co...................................................
Seneca County Ry. Oo..........................................................
Bay Creek Ry. Co............................. ■..................................
Bay Side Ry. C o ....................................................................
Middlesex Ry. Co.........................................................
Newark Bay Ry. Co.......... - ......................................
Jersey City Belt Line Ry. Co....................................
New York Transit & Terminal Ry. Co.....................
Montrose Ry. Co................ .
........................
.Buffalo Thousand Islands & Portland RR. Co................
•Stony Creek RR. Co..............................................................
National Docks Ry. Co.........................................................
Packer Coal Co.........................—.........................................
Locust Mountain Coal & Iron Co.......................................
Weatherly Water Co.............................................................
Hazleton Water Co....................................... - ......................
Locust Mountain Water Co........ ......................................
Paxinosa Land & Improvement Co
.....................
Philadelphia Floating Elevator Association...................
Morris Canal & Banking Co., consolidated.....................
Morris Canal & Banking Co., preferred............................
Morris Canal & Banking Co., scrip..................................
Total par value...............................................................
$2,461,857 50
$1,836,857 50
Su
m m ary
.
1,,¿04,030
do
T o t a l........... ................................................................... $1,538,832 56
Total par value of all securities.........................................o ox
Value of all securities as per b o o k s .........—.- - .......... - 39,436,oxz ¿a
$39,167,560 00
Total par value.,....................................................................$52,127,060 00
m m ary
.
Value of bonds as per books..................................................... $11,565,308 17
Value of stocks as per b ook s................................................... ■¿ts3zx,a/xox
Total........................................................................................ $37,887,179 68
'Owned by Lehigh Valley Terminal Ry. Co.
CONSTRUCTION.
In table 7 [pamphlet] are shown the amounts advanced by
your company during the fiscal year for the construction of
subsidiary lines, appended to which is a list of the securities
received for such advances during 1897 and previous years.
EQUIPMENT.
During your past fiscal year equipment has been destroyed
and condemned as follows:
210 8-wheel freight cars.
7 passenger locomotives.
14 4-wheel freight cars.
4 freight locomotives.
49 4-wheel service cars.
6 switching locomotives.
50 8-wheel service cars.
2,477 4-wheel coal cars.
2 passenger coaches.
70 8-wheel coal cars.
The estimated cost to replace this equipment is $685,820 78,
which amount has been charged to your operating expenses
during the year. A Reserve Account has been opened, to
the credit of which the above amount has been placed,
which credit will be diminished from time to time by charg
ing this account with the cost of cars and locomotives bought
or re-built to re-place those referred to above.
By the purchase from the Dairy Car Company of 40 milk
cars used in that service payments o f car mileage will be
largely reduced. The cost of these cars, $87,193 32, has been
charged to equipment account.
$5?n ’nnn 00
10.000 00
20.000 00
2,000 00 ACCOUNT WITH THE PHILADELPHIA & READING RAIL
2,000 00
ROAD COMPANY, LESSEES.
10,000 00
No settlement has yet been reached of your account with
12,000 00
6,200 00 the Philadelphia & Reading Railroad Company, lessees,
168,050 00 ci 11 d_ t h © R g c g i v e r s •
250,000 00
It is proper to state that the accounts relating to the lease
20,000 00
75,000 00
3,800 00
1,350 00
6,000
00
.S
® Xn
1&,kXo nn
50.000 00
10.000 00
20,000
00
¿o.uuu uu
318,300 ou
*a’
oo7 2n
58,297
50
Value of bonds as per b o o b s ..............................................
Value of stocks as per books..............................................
00
00
00
00
$12,959,500 00
Stocks .
$500,000 00
Depew & Tonawanda RR. Co.................. . ........................
300,000 00
Easton & Northern RR. Co................................................. •
400 000 00
Greenville & Hudson Ry. Co.............................................
300,000
00
Loyalsock RR. Co................................................................
Lehigh Valley Ry. C o........................................................... 5,900,000 00
10,000,000
00
Lehigh Valley Terminal Ry. Co..........................................
750.000 00
Lehigh Valley Transportation C o ......................................
40.000
00
Pittstown Branch Ry. Co....................................................
12.000 00
Perth Amboy & Raritan Ry. Co..........................................
800.000 00
Rochester Southern RR. Co...............................................
Schuylkill & Lehigh Valley RR. Co................................... 1,998.400 00
150.000 00
Wilkesbarre & Harvey’s Lake RR. Co...............................
10,000 00
Waverly & State Line RR. Co.............................................
200.000
00
Canastota Northern RR. Co................................................
60,000 00
Canal RR. Co..........................................................................
10,000
00
Elmira Transfer Ry. C o ........................................ ..............
Elmira Cortland & Northern RR. C o ................................ 2,000,000 00
500.000 00
Hazleton Coal Co................ .................................................
650.000 00
Lehigh Valley Coal Co.......................................... - .............
2,148,300
00
Lehigh & New York RR. Co., preferred............................
1,051,200
00
Pennsylvania & New York Canal & RR. Co....................
1*5,000 00
Westwood Coal Co.................................................................
125.000 00
Buffalo Creek Coal Co..........................................................
257,860 00
Anthracite Coal & Improvement Co..................................
807,550 00
Coal Ridge Improvement & Coal Co................ - - ..............
86,500 00
Coal Ridge Improvement & Coal Co., preferred.............
120.000
00
Highland Coal Co..................................................................
195,900 00
Mineral Spring Coal Co..................................... . . . . . . . . . . . .
271,500
00
Nat’l Docks & New Jersey Junction Connecting Ry. Co.
New York & Middle Coal Field RR. & Coal Co................. 1,061,150 00
922,200
00
Wyoming Valley Coal Co.....................................................
*Easton & Amboy RR. Co............. ..................................... 6,000,000 00
'National Docks Ry. C o ........................................................ 1,375,000 00
Su
$4,744,205 86
184,500
200,000
900,000
350,000
have not been re-valued, nor can your Board express any
opinion as to their value. It is hoped that some settlement
will be reached during the coming year, and appropriate
entries will then be made in profit and loss account accord
ing to the actual outcome.
GENERAL REMARKS.
There has been charged to income account the interest
on your funded debt and guaranteed obligations that
accrued during the fiscal year, without regard to the date
of its payment, instead of the amount actually paid during
the year as heretofore. This change does not materially
affect the amount chargeable to income during the year»
the difference being an excess charge of $16,451 42. JLhe
amounts shown in the balance sheet as accrued interest due
are all that have accrued since the respective interest
periods up to and including November 30th, 1897.
For the years 1894 to 1897, inclusive, there has been
charged to the income account, in those years, in addition
to the loss from operation, an estimated amount of deprecia
tion on the fleet o f the Lehigh Valley Transportation Com
pany. Previous to the year. 1894, this depreciation was
188
THE CHRONICLE,
charged against the profits in the operation of the Lake
Line. For the years firs named it amounted to $164,140.
There has also been charged to income account during
the past year an estimate o f the amount of depreciation on
equipment owned by this Company in New York Harbor
and vicinity, amounting to $35,815 22. This will bring the
book value of your marine equipment well within its actual
value at the close o f the year.
The necessary repairs to maintain your equipment, track
and other property during the past year have been made.
A ll improvements to the railroad property, other than dis
tinctly new construction o f subsidiary lines, have been
charged to operating expenses.
Of the amount standing charged to construction work in
progress at the b egin n in g o f the year, $157,567 14, represent
ing cost of signal plant expended prior to December 1st,
1896, has been charged to profit and loss, and the remain
der, $29,760 72, representing work not then completed, has
been included in the operating expenses o f the year, or
charged to the construction accounts o f railroad lines in
cluded in the Lehigh Valley system.
The volume of business during the year has not materially
varied from that of the year which immediately preceded it.
The movement of anthracite coal was somewhat less than
in 1896, but was limited, not by lack o f facilities of this
Company, nor by local conditions applicable to it alone, but
by a lessened demand for consumption in the country at
large, which reduced the output from all regions about
1,500,000 tons. The movement o f miscellaneous freights
shows an increase o f through and a decrease o f local busi
ness, the average distance hauled being increased from
238-57 miles in 1896 to 244 23 miles in 1897, or 2-37 per cent.
[ V c l . LX VI.
The abundant crops of our Western States and the u n
usually large demand of other countries for American:
breadstuffs have caused a movement over the whole length
o f our main line, from which the Company derived a
liberal revenue during the last three months o f the fiscal
year. This movement has slackened somewhat since the
close of Lake navigation, but indications are not lacking
that it w ill be renewed so soon as markets are readjusted to
the higher rates of all-rail transportation.
The decrease of $131,789 17 in earnings from coal and mis
cellaneous freights was offset by an increase of $142,596 08 in
passenger, express and mail service. Here also the through
business gains over the local, the average distance traveled
showing an increase from 25*13 miles in 1896 to 27*75 miles
in 1897, or 10-4 per cent.
The general balance sheet is presented below, and detailed
statements of earnings and expenses, of income from other
sources, and various statistical ables, will be found appended
to the pamphlet report.
A summary of the operations of the Lehigh Valley Coal
Company during the year, together with its income account,
profit and loss account and general balance sheet will also
appear in the following pages [pamphlet].
On July 13th, 1897, Mr. E. P. W ilbur, for some years Presi
dent of your Company, resigned, and Mr. Alfred W alter was
elected President. Messrs. W illiam L. Conyngham, Charles
O. Skeer and George H. Myers resigned as Directors, and
the vacancies so created were filled by the election of
Messrs. E. P. W ilbur, Edward T. Stotesbury and Charles H.
Coster.
By order o f the Board,,
ALFRED W ALTER,
P resid ent*
CONDENSED BALANCE SHEET NOVEMBER 30TH, 1897, AND COMPARISON WITH NOVEMBER 30TH, 1896.
L E H IG H V A L L E Y R A IL R O A D CO M PAN Y.
C r.
(Cents omitted.)
r
During Yea
During Year
1897.
Assets —
1897.
Liabilies—
Inc. or Dec.
Inc. or Dec.
R a il r o a d —
C a p i t a l S t o c k .......................................................... $40,441,100
............
7.$2,133
Cost of ro a d ...............................
,$18,639,291
D.187,327 F u n d e d D e b t ............................................................. 40,334,000 7.$4,774,000
Construction work in progress.
D e p r e c ia t io n o f E q u ip m e n t —
19,018,419 D.4,952,252
E q u i p m e n t ...........................................
Equipment renewal reserve.... $635,320
D.218,793
............
$7,635,320
R e a l E s t a t e .......................................
1,805,019
Depreciation o f marine equip..
199,955
............
7.199,955
Se c u r i t i e s O w n e d —
Depreciation of equipment of
D.22,613
Mortgages receivable................ $733,303
controlled companies.............
288,966
............
7.288,966
Stocks of railroad and water
1,124,242
lines included in Lebigh Val
C u r r e n t L ia b il it ie s —
7.962,279
ley system ................................18,189,701
Bills payable...................................................
D.11,060
............D.$2,453,000
Stocks o f allied coal companies 1,262,748
Mortgages on real estate.......... $381,851
2.155,842
............
7.34,000
863,457
Stocks of other companies........
Sterl.
bds.
drawn
&
uncalled
for
3,000
............
D.2,000
Bonds of railroad and water
Dividends uncalled for..............
151
lines included in Lehigh Val
Morris Canal div. uncalled for.
5,028
J.465,625
............
7.1,113
ley system ...................
3,398,926
Bond int. due and uncalled for.
44,789
1.5,000,000
............
7.13,817
Bonds of Lehigh Valley Coal Co. 6,400,000
Accrued bond int. and rentals. 1,539,773
7.699,695
D.1,038
Bonds of other coal companies 1,022,183
Accrued interest Lehigh Valley
D.57,742
Bonds of other com panies. . . . .
179,002
Coal Company bonds..............
243,687
............
7.243,687
Car Trust certificates Lehigh
Nov. pay-roll paid in December 707,631
...........
7.600,719
D.100,000
Valley Terminal Railway.......
900,000
Audited vouchers, including
32,949,322
Nov. bills, paid in December.
755,972
............
7.754,971
Due to individuals and cos.......
44,416
............
D. 156,823
Ot h e r P e r m a n e n t I n v estm en ts—
Traffic bal. due to other c o s ....
178,877
............
7.140,036
Advances to rallr’ d and water
Uncollected wages.....................
7,114
............
D.17,542
lines included in Lehigh Val
Employees’ pension fund.........
8,699
............
7.8,699
D.632,553
ley system...................................................
5,481,329
Lehigh & N. Y. RR. Co..lessors.
10,733
7.10,733
C u r r e n t A ss e t s —
Unadjusted
tax
accounts..........
426,843
............
7.7,067
1.2,323,534
Cash..............................................$3,449,719
4,358,572
Deposit in London to meet
D e f e r r e d L ia b il it ie s —
D.15,576
drawn bonds and coupons....
19,675
Lehigh Valley Term. Ry. C o ....$1,525,876
7.345,323
............
7.$29,938
1,032,100
Due by station agents........ .
Easton & Amboy Railroad C o..
281,504
...........
D. 7,325
Due by individuals and com
Insurance fund, “ Bee Line” ..
153.000
............
7.11,000
p a n ie s .....................................
865,354
7.191,867
Insurance on storehouse..........
21,500
............
7.21,500
Traffic balances due by other
Sundry accounts.........................
168,489
............
7.168,489
7.511,490
companies................................
751,878
D.406,551
2,150,370
Bills receivable and call loans.
541,471
C o n t in g e n t L i a b i l i t i e s —
Advances to Lehigh Valley
Philadelphia & Reading RR.
Coal Company.......................... 1,079,914
D.4,086,974
Co., lessees, construction___$1,104,487
Advances to other controlled
Philadelphia & Reading RR.
232,615
coal companies........................
21.18,108
Co., lessees, equipment..........
452,041
7.36,512
Advances to other companies..
656,311
Unadjusted lease accounts.......
146,912
8,629,041
............
D.7,062
M a t e r i a l a n d S u p p l ie s o n H a n d
D.448,000
748,644
1,703,441
D r.
CONTINGENT ASSETS -
Philadelphia & Reading Rail
road, lessees..............................
Total assets.
3,218,135
7.7,144
.$90,489,204 P .$ l,156,839
Total liabilities....................
P r o f it
an d
Total
L o ss
to
B alance.
$90,111,756 7.$5,999,959
377,478 D.7,156,798
$90,489,204 P.$l,156,839
LEH GH VALLEY COAL COMPANY.
There was produced during 1897, by the collieries in which
The tonnage from the Snow Shoe coal properties for the
the Lehigh Valley Coal Company and the subsidiary com year was 251,323 tons, as compared with 120,513 19 tons for
panies in which it and the Lehigh Valley Railroad Company the fiscal year of 1896. The earnings from this property
are interested, a tonnage aggregating 4,384,442*11 tons, of during the past year have been sufficient to pay the interest
all sizes, a decrease o f 718,748*09 tons from the figures for on its mortgage.
1896, and a decrease o f 1,099,607*12 tons compared with the
The amount standing charged to colliery improvements
figures for 1895.
on the coal company books was reduced $1,500,000, which
The sources from which this tonnage was derived during amount was charged to profit and loss account. The cost o f
the years named, and the quantities from each, are shown in all improvements made to the collieries during the year was
the table below, viz.:
charged to operating expenses and included in the cost of
1895.
1896.
m ining coal.
1897.
Lehigh Valley Coal Comp’y . . 2,613,725*15 2,819,756*18 2,619,959*16
In addition to this it will be necessary to fix a sum per
Tenants o f Lehigh Valley
Coal Company..................... 636,340*01
878,719*07 1,155,842*19 ton, to be charged against the coal mined in each year from
the properties on which these improvements were made, so
Tenants o f companies con
613,436*11
945,554*18 that when the coal is exhausted nothing will remain
trolled by Leh. Val. O’l Co.. 502,663*02
Tenants (other tln.n Leh.Val.
charged against the improvements on such property.
Coal Co.) controlled by Leh.
On April 30th, 1897, a mortgage bond for $5,000,000, due
762,692*10
786,278*04
Valley Railroad Company.. 631,713*13
in 1947, and bearing interest at the rate of five per cent per
5,484,050*03
,4,3^4,442*11
5,098,191*00
Total tonnage
annum, being a first lien on a portion of the estate of the
Lehigh Valley Coal Company, and a second lien on the re
The present capacity o f the collieries operated by the L e mainder. was issued to the Lehigh Valley Railroad Com
high Valley Coal Company is equal to that at the close of pany in liquidation o i advances previously made by that
the fiscal year of 1896.
Company to the Lehigh Valley Coal Company, for purchase
THE CHRONICLE
January 22, 1898.]
of new properties and for improvements. This bond is in
cluded in the securities covered by the mortgage and col
lateral trust deed of the railroad company, to which prior
reference has been made.
_Under the terms o f the mortgage o f 1892 providing for a
sinking fund, there has been charged during the past year
to the cost of mining coal and set aside, the sum o f
$60,290 87. This amount has, since the close o f the fiscal
year, been paid to the trustees under the mortgage, for the
purchase and cancellation o f bonds secured by the mort
gage, reducing the outstanding principal o f the loan as of
January 1st, 1898.
CONDENSED BALANCE SHEET NOVEMBER 30TH, 1897, AND COMPARISON WITH NOVEMBER 30TH, 1896.
L E H I G H V A L L E Y COAL C O M P A N Y .
Cr.
(Cents omitted.)
During Tear.
During Tear
1897.
Assets—
1897.
Inc. or Dec.
Inc. or Dec.
C o a l P r o p e r t ie s —
Liabilities—
J. $206,178
Coal lands...............................$4,617,718
$650,000
C a p i t a l S t o c k .................................................. ...................
D.1,518,954
Colliery improvements........ 3,974,863
F un d ed D ebt—
$8,592,582
D.$85,000
First mort. 5 per ct. gold loan.$ll,697,000
C o a l St o r a g e P r o p e r t i e s
1.5,000,000
Five per cent gold bond.......... 5,000,000
850,012
D.41,024
a n d P l a n t s ..................................................
Show Shoe bonds.....................
500,000
3,000
D.1,820
O t h e r R e a l E s t a t e ....................................
17,197,000
D r.
S e c u r it ie s O w n e d —
Stocks of allied com panies.. $693.568
Interest in allied companies
10,000
Mortgages receivable...........
18,876
722,444
C u r r e n t A ss e t s —
Advanced royalties................ $3,912,679
Royalties due by lessees.......
37,557
Cash..........................................
505,645
Bills receivable.
.......... ... 492,309
Due by individuals and com
panies for coal sold............. 3,240,359
Due by individuals and com
panies other than coal ac
counts....................................
107,455
Advance insurance premiums
21,374
Trustees o f sinking
fund...................... $85,182
Less bonds can
celed in 1897... 85,000
----------182
----------------
...............
...............
...............
...............
jT.48,181
D.63,692
L
of Coal L ands
u n d ............................
357,853
F
ia b il it ie s
J.357,853
—
D.5,612
D.16,351
D.4,086,974
D.114,208
76,220
7,280
1,079,914
684,324
I.
29,096
395,321
274,767
13,000
1.141,450
7.266,898
J. 13,000
2,559,925
Total liabilities...........................................$20,764,778 7.$1,486,289
P r o f i t a n d Loss t o B a l a n c e ........................
105,599 D.1,822,952
D.1,751
2 ,3 1 1 ,1 4 1
73,634
D.27,355
Total assets............................................
$20,870,377
D.$336,663
INCOME ACCOUNT YEAR ENDED NOVEMBER 30TH, 1897.
L E H I G H V A L L E Y COAL C O M P A N Y .
Income from investments......................................................... $55,338 56
Royalties on coal mined by others from Company’s lands.. 83,466 31
Rents receivable......................................................................... 18,102 18
Credit balance of interest account.......................................... 19,623 96
$176,531 01
Less:
Net loss on sales o f coal.......................... ........ $106,770 78
State and local taxes not charged against
cost of coal................................... ......... ........ 19,450 22
Depreciation of coal storage pi ants in addi
tion to $27,931 91 included in coal selling
expenses........................................................... 15,132 77
Interest on Snow Shoe bonds....................... 25,000 00
------------------ 166,353 77
Net surplus......................................................................... $10,177 24
January 10th, 1898.
A lfr e d W a lte r , E sq ., P resid en t L eh ig h V a lley R a ilr o a d C om
p a n y , P h ila d elp h ia , P a .:
D e a r S i r —A t your request I visited Philadelphia, and beg
to report that in the Comptroller’s office o f your Company
there, I examined and verified—
I.
The earnings and operating expenses and income accounts
©f the Lehigh Valley Railroad Company and the Lehigh
Valley Coal Company, respectively, for the fiscal year ended
November 80th, 1897:
Northwestern Elevated R ailroad.
( R e p o r t f o r the y e a r en d in g D ec. 31, 1897. J
A t the annual meeting o f the stockholders of the Columbia
Construction Co., President D. H. Louderback said :
Progress o f Construction.—Since our last annual meeting the only
construction work done has been the erection of the iron which was
then on the ground, being 4,409 feet of four-track structure, making a
total distance of 1*3 miles during 1897, and up to date h*2 miles of
four-track structure. The length of the line will be *92 mile of double
track from Institute Place to Lake Street and 5*52 miles of four-track
structure from Institute Place to Wilso'n Avenue—total, 6*44 miles.
In addition to main line we will have 1*31 miles of single track
and *21 mile of double track at terminal yard. Total mileage of
single track, including main line and terminals, will be 25'45 miles.
To date the metal work for the structure has been manufactured for
five of the 6-4 miles. All the foundations have been completed with
the exception of 5,320 feet between Chicago and North avenues, or
about 16 per cent of the total line. In addition we have 3,600,000 feet
of yellow pine timber stored on the right of way for track work. We
also have m warehouse at Lincoln and Wrightwood avenues all the
tie plates and rail joints necessary for the tracks, together with a
quantity of track spikes, bolts, washers, etc. None of the metal work
required for stations has been manufactured.
Extension o f Ordinance.—On Dec. 29 we secured an extension of one
year to our old ordinance, which expired Deo. 31, ) 897. Everything
pertaining to the construction of the Northwestern Elevated RR. is in
first-class condition to push the road to a speedy completion as soon
as satisfactory financial arrangements can be made.
Finances. Sveral attempts have been made to finance the road dur
ing the past year, but owing to financial stringency in the beginning
of the year and various complications since, it has been impossible to
do so up to the present time. We have expended on account of real
estate, construction, interest and due bills issued to subscribers
the sum of $6,290,611. We estimate it will require to complete the
road the further sum of $2,712,737. And to pay off its obligations,
after realizing on its assets, and to complete the road, the total sum of
$3,500,000.
urrent
D.379,143
S t o c k o p C o a l o n H a n d ............................
M a t e r ia l a n d
S u p p l ie s
o n H a n d .................................................
New Y ork,
e p r e c ia t io n
p e r Sin k in g
C
Advanced royalties..................
Royalties accrued unpaid.......
Due to Lehigh Valley RR. Co.
I.
320,656
Due to operators for Nov. coal
D. 1,965
Due to individuals and com
J.
142,061
panies other than coal accts.
D.90,132
Audited vouchers, including
Nov. bills paid in Deo............
J.1,072,100
Pay roll for Nov. paid in Dec..
Unadjusted tax accounts.........
...............
...............
8,317,562
D
T o ta l................................................ ............ $20,870,377
D.$336,663
GENERAL PROFT AND LOSS ACCOUNT.
L E H I G H V A L L E Y COAL C O M P A N Y .
ADJUSTMENTS FROM DECEMBER 1ST, 1896, TO NOVEMBER 30TH, 1897,
INCLUSIVE.
Credit—
Credit balance November 30,18 9 6............. $1,928,551 78
Credit bal. of income account, year 1897..
10,177 24
---------- --------- $1,938,729 02
Debit—
Reduct’n of book value, colliery imp. ao’ts.$l,500,000 00
Correction of inventory value of stock
coal, November 30,1896 ..........................
158,935 89
Open book accounts, notes, &c., of pre
vious years considered uncollectible.......
75,959 38
State and local taxes of previous years...
91,210 53
Land damages.................. ..............................
5,223 19
Est’d depreciat’n on land owned in Kan...
1,800 82
---------------------
1,833,129 81
Credit balance Nov. 30,1897, as per balance sheet... $105,599 21
II.
Their general balance sheets at November 30, 1897.
I therefore certify that the elements constituting such
income accounts and balance sheets are fully and fairly
set forth, and reflect truthfully the earning capacity of the
tw o Companies respectively for the year under review, and
their financial condition at the end thereof.
Every facility necessary to my examination was cordially
extended to me, and is acknowledged accordingly.
Yours very truly,
STEPHEN LITTLE.
As to resolution passed at meeting see item on a subse
quent page.—V. 65, p. 924.
North Chicago Street R ailroad,
( R e p o r t f r y e a r en d in g D ec. 31, 1897. J
President Charles T. Yerkes at the annual meeting said in
substance :
As was the case with all the street railroads o f this city,
the improvement in business did not reach us until the
month of September, and during the last four months the in
crease in receipts was such as almost to obliterate the de
crease during the first eight months. The operating ex
penses have been decreased, which is the natural effect of ex
perience and close attention to the operating department.
Everything pertaining to the road is in first-class condition ;
in fact, there is no street railroad in the world that is in finer
condition.
I am pleased to speak o f the excellent effect produced upon
the business of the company by the connections which we
have with the outlying roads, being feeders to our roads. I
think the improvements now being made on these roads w ill
give us still further profits.
The items charged off to profit and loss during the year
were $42,000 for the Connelly motor and $45,(00 for W orld’s
Fair stock—$87,000.
The last was the first year since the organization of the
company during which there were no special improvements
made in the plant. The road is thoroughly equipped and
ready to handle all the business that can be offered to us this
coming year. It seems as though the future was particu-
15,234
THE CHRONICLE,
1^0
'la r ly bright—much more so than at the opening of last year.
E a r n in g s .—The earnings, etc., for four years past were :
Passengers carried..
"Miles run..................
Receipts fro m —
Cable lines.................
^Electric lines............
Horse lines...............
1897.
1894.
1896.
1895.
56,354», 147 56,523,620 53,887,428 49,511,463
10,644,270 10,590,036
8,793,587
9,697,326
$
$
$
$
1,606,009
1,421,848
1,*35,311
1,632,799
28,014
1,375,638
1,192,602
670,284
20,911
845,790
391,276
98,887
Total....................... 2,818,398
Other incom e............
93,153
2,826,800
86,910
2,694,359
86,128
2,479,813
85,805
Total incom e........
Operating expenses.
2,911,551
1,319,926
2,913,710
1,394,388
2,780,487
1,312,107
2,565,618
1,347,326
Net earnings.......... 1,591,625
Int., rent’s, taxes,&c.
636,462
© iv. paid, 12 per c t ..
791,943
1,519,322
524,231
758,901
1,468,380
471,252
659,922
1,218,292
465,648
659,913
92,731
Balance, surplus..
163,220
236,190
337,206
The percentage of expenses to income in 18971s stated as follows:
Cable lines, 47-67 per cent; electric lines, 44-92 per oent; horse-car
lines, 115'26 per cent; whole system, 46'83.—V. 64, p. 234.
—The policy-holders of the Home Life, of which Mr.
George E. Ide is President, have good reason to be pleased
with the thirty-eighth annual exhibit of its financial condi
tion, as published in our advertising columns. That the two
departments of the business—insurance and financial—have
been successfully conducted is evidenced by the gains that
been made in factors that are vital to the substantial
and proper development of a life insurance com
pany. The number of policy-holders has increased 4 18
per cent and the insurance in force 8 54 per cent.
This has been accomplished at a decreased expense of 3 ’59
per cent. The assets show an increase of 6'10 per cent, the
reserve or legal value of the outstanding insurance and other
obligations of 5’99 per cent and the surplus of 7-01 per cent.
The surplus does not include the deferred dividend fund, as
the Home always includes this fund in its liabilities, and
notwithstanding this fact possesses $112 52 for every $100 of
insurance and other liabilities.
—The new law which went into effect in New York State
Oct. 1, 1897, known as the Negotiable Instruments Law, has
been published in convenient form by the Real Estate Record
Association, 14 Yesey Street. The book contains an analyti
cal index and a summary by G-eo. W . Van Siclen, Esq., show
ing the changes and features of the law affecting negotiable
paper as it now stands in this State.
—A new bond firm has been formed under the name of
Rhoades & Richmond, by John Harsen Rhoades and Stacy
C. Richmond. The firm will begin business about Feb. 1,
with offices in the Commercial Cable Building. Mr. Rhoades
is the son of the President of the Greenwich Bank, and Mr,
Richmond is with Spencer Trask & Co. The firm will deal
in railroad and municipal issues.
—Attention is directed to the offering of half a million
dollars underlying first mortgage five per cent gold bonds of
the Detroit Railway Company by Messrs. C. H. White & Co.
The advertisement in this issue states the main features of
the bond and mortgage. Maps, etc., can be seen and further
information had at the office of the advertiser, 31 Nassau
Street.
2 £ h e
fV oii, J X VI.
d x r r a m m x a l
COMMERCIAL
^ ir o r s .
EPITOME.
F r i d a y N ig h t , January 21, 1898.
There have been no important changes in the existing
trade conditions. A fair volume of business has been trans
acted, although in a few lines of goods trading has been held
in check by the unseasonable weather conditions latterly ex
perienced. There has been a hardening tendency to grain
values, based on the strength of the European advices and an
increasing export demand. The action of the Senate Finance
Committee in favorably reporting a resolution for the pay
ment of United States bonds, principal and interest, in stand
ard silver dollars, and the subsequent action of the Senate in
taking the resolution for the purpose it is claimed, of ascer
taining how that body stands on the currency question, has
received some notice. Interest in the progress of currency
reform continues, and Secretary Gage and ex-Secretary Fairchild have again been before the House Banking and Cur
rency Committee. Labor troubles in New England over the
wage question have attracted some attention.
Lard on the spot has had a moderate sale, and prices have
advanced slightly, closing steady at 5-05c. for prime Western,
and 4 % c. for prime City. Refined lard has been in moderate
demand and steady, closing at 5 15c. for refined for the Con
tinent. The local market for lard futures has been neglected.
A t the W est there has been a moderately active speculation,
and early in the week prices advanced on light receipts o f
swine. Subsequently there was a reaction under selling by
packers. The close was steady.
DAILY CLOSING PRICES OP LARD FUTURES.
Sat.
May................................... c. 5 1 5
Mon.
515
Tues.
5*20
Wed.
5-20
Thurs.
5-15 •
Fri
515
Pork has been in fairly active demand and firmer, closing
at $9 50@9 75 for mess ; $10@12 25 for family and $9 75@10 75
for short clear. Cut meats have been less active and the
tone has been easier although no changes have been made in
quoted values, closing at 5 % @ 5 }^ c. for pickled bellies, 12@10
lbs. average, 4%@5c. for pickled shoulders and
for pickled hams. Beef has had only a small sale, but prices
have held steady, closing at $8@8 50 for mess ; $9@9 50 for
packet, $10@11 50 for family and $16@17 for extra India
mess. Beef hams have been steady at $23@24. Tallow has sold
at slightly lower prices, closing steady at 3%c.
Oleo
stearine has been steady at 4%@4J£gc. Lard stearine has
been firmer but quiet, closing at 5%c. Cotton seed oil has
been dull but prices have held about steady, closing at 22)^
@23c. for prime yellow. Butter has been in moderate
demand and steady at 14@20c. for creamery. Cheese has
been quiet but prices have been without changes at 6%@
9J£c. for State factory, full cream. Fresh eggs have been in
increased supply and prices have weakened slightly to 20c.
for choice Western.
The Brazil grades of coffee have been in only limited de
mand, but there has been no pressure to sell, and prices have
held steady, closing at 6%c. for Rio No. 7 on the spot. The
mild grades have had only a very moderate sale, but values
have held to a steady basis, closing at 8J£c. for fair Cucuta.
The East India growths of coffee have been firm but quiet, clos
ing at 24c. for standard Java. The speculation in the mar
ket for contracts has been dull, and in the absence of new
developments of importance, and neither buyers nor sellers
having been aggressive, changes have been unimportant.
The close was steady. Following are final asking prices.
—The twenty-fifth report of the Directors of the Union
Discount Company of London, limited, being a statement of
the company’s affairs for the half-year ending December 31,
1897, is advertised in this issue. A dividend at the rate of 10 Jan..................... 5'55c. I April................ 5‘80o. l July...................... 5'95o.
5 60o. May.................. 5‘85o. Aug.................... 6'00o.
per cent per annum for the six months was declared and a Feb.....................
March.................575o. 1June...................5'90o. I Sept.................... 6-05o.
.balance carried to new account of $82,579 39.
Raw sugars have had only a limited sale, and prices have
— A t a meeting of the Colonial Trust Company held this declined to 4 l-16c. for centrifugals, 69 deg. test, and 3 9-16e.
'Week, the following were elected trustees o f the company : for muscovado, 89 deg. test. Refined sugar has been dull,
.John E. Borne, L. C. Dessar, George W. Quintard, W. Sew closing at 5Uc. for granulated. Molasses and syrups have
ard Webb, Henry N. Whitney, Daniel O’Day, Perry Bel been firm. Rice has been fairly active at full values. Teas
mont, Seth M. Milliken. The last three named are new men. have been steady.
'The others were re-elected.
Kentucky tobacco has had only a limited sale, but prices
have been firmly maintained, as offerings have been small.
—The Boston Safe Deposit & Trust Company (87 Milk Seed leaf tobacco has been quiet but steady. The sales for
Street, Boston,) has issued its excellent compilation, entitled the week were 1,341 cases, including: 450 cases 1896 crop,
“ Coupons, Where Paid,” giving the places in Boston where New England Havana, 18^@373^c.; 140 cases 1896 crop, New
-the coupons of over nine hundred loans are payable. Con England seed leaf, 22}^@30c.; 200 cases 1895 crop, Zimmers,
venient in form, handsomely printed and well arranged, it is 16@17c., & c.; also 750 bales Havana at 70c. @$1 10 in bond
an extremely useful book.
and 140 bales Suma tra at 95c.@$l 75 in bond.
There has been a moderately active demand for Straits tin,
—Leland, Towle & Co., of No. 7 Congress Street, Boston,
’have issued a pocket manual, showing the dividends paid for sufficient to absorb the offerings, and prices have held steady
at
13*85@13-90c. Ingot copper has been in fair export de
the year 1897 on stooks listed on the Boston and New York
-Stock Exchanges, as well as other stocks. Copies w ill be mand and firmer, closing at ll@ il)^ c . for Lake. Lead has
sent free to applicants enclosing a two cent stamp to cover sold slowly, and prices have weakened slightly, closing dull
at 3’65c. for domestic. Spelter has been fairly active and
postage.
steady at 8'90@4c. for domestic. Pig iron has had a fair sale
—The trustees of the Mechanical Rubber Company an at steady prices, closing at $9 75@$12 00 for domestic.
Refined petroleum has been in fair demand, closing at
nounce that they will expend $12,120 in the purchase o f the
company’s first mortgage 6 per cent bonds. Offers of bonds 5’40c. in bbls., 2*90c. in bulk and 5‘90c. in cases; naphtha
w ill be received by the Knickerbocker Trust Company, 66 quiet at 5'50c. Crude certificates have been steady; credit
balances have been unchanged at 65c. Spirits turpentine has
Broadway.
been quiet and prices have weakened slightly, closing at
—Sancton & Hanau have formed a new co-partnership for 34@34J^c.
Rosins have been quiet and unchanged at
the transaction of a general banking and stock brokerage $1 40;® 1 45 for common and good strained. W ool has had a
business. Mr. Sancton is the Stock Exchange member of the fair sale at firm prices. Hops have b9en in moderate deman.d
and firm.
firm.
J
a n u a r y
22,
191
THE OHKONICLE.
1898.J
In addition to above exports, our telegrams to-night also«
give us the following amounts of cotton on shipboard, n ot
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 283,940 bales,
ON SHIPBOARD, NOT CLEARED FOR—
against 271,472 bales last week and 300,273 bales the previous
Leaving
week, making the total receipts since the 1st of Sept., 1897,
stock.
Other Coast
Great
Jan. 21 at
Total.
Britain. France. Foreign wise.
6,379,119 bales, against 5,401,791 bales for the same period of
1896-7, showing an increase since Sept. 1,1897, of 977,358 bales. New Orleans... 16,868 19,259 36,912 4,032 77,121 479,534
C O T T O N .
F
Receipts at—
, J an u a ry
ig h t
Tues.
Mon.
Sat.
N
r id a y
Galveston........ 11,649 12,638 6,298 12,681
. .. . .. . ..... ... . ..
Tex. City, &o. . .....
New Orleans... 11,939 19,791 21,359 9,657
2,456 2,256 3,365 2,060
M obile.............
Florida............. . .. . ..
. .. . ..
Savannah........ 3,940 3,735 4,205 4,582
Bruns w’k,&c.
. ..... . ..... ... . ..
983
Charleston....... 1,358 1,396
527
Pt. Royal,&c. . .. . ..
. .. . .. ...... ........
W ilm ington.... 1,060
680
481
Wash’ton, &c.
. ..... ........ ........
N orfolk............ 1,895 1,377 2,388 1,485
N’p ’t News, &c.
. .. . .. ...... ........
600
706
500
New Y ork.......
864
Boston.............
2,407 1,282 1,426 1,501
Baltim ore.......
. ..... ... . .. . ..... ......
614
193
Philadel’ a, &c..
540
379
4,731
........
8,805
1,009
2,649
........
1,289
........
764
........
1,005
594
1,633
........
718
1898.
Fri.
loial.
7,288
2,438
18.865
566
5,511
3,893
3,498
940
512
640
43
2,015
675
474
502
5,089
537
55,285
2,438
90,416
11,712
5,511
23,004
3,498
6,493
512
3,625
43
10,166
675
3,738
8,754
5,089
2,981
Thurs.
Wed.
21,
Tot. this week 37,947 44,401 40,742 34,167 23,197 53,486 233,940
The following shows the week’s total receipts,the total since
Sept. 1,1897, and the stock to-night, compared with last year.
Stock.
1896-97.
1897-98.
Receipts to
Jan. 21.
This Since Sep. This Since Sep.
weele. 1,1897. weele. 1,1896.
Galveston...
Tex. C.,&c.
New Orleans
M obile........
Florida........
Savannah...
Br’ wiokj&c.
Charleston..
P.Royal,&o.
Wilmington.
Wash’n, &o.
N orfolk .......
N’port N.,<fec
New Y ork...
B oston ........
Baltim ore. .
Philadel. Ac.
55,285 1,543,524 21,521 1,137,583
77,098
2,745
2,438
62,309
90,418 1,857,391 51,284 1,641,848
6,456 221,952
11,712 269,479
63,832
75,362
892
5,511
23,004 937,730 18,330 670,800
2,448 127,848
3,498 163,045
4,269 334,525
6,493 387,953
58,423
512
50,808
3,487 218,416
3,625 283,875
771
18
43
1,023
7,044 602,777
10,166 460,706
13,072
12,183
291
675
39,834
1,685
55,537
3,738
6,567 121,535
8,754 127,674
43,362
2,692
42,479
5,089
28,065
428
48,056
2,981
1898.
1897.
231,118
556,655
60,049
137,463
7,118
400,207
27,811
124,476
9,040
37,944
90,944
7,397
33,592
13,219
14,748
79,828
1,416
138,606
45,000
31,139
11,463
36,479
2,039
294,727
31,000
24,503
8,819
Totals....... 233,940 6,379,149 130,160 5,401,791 1,339,953 1,116,897
Galveston........
Savannah........
Charleston.......
New Y ork........
Other ports___
18,493
10,000
6,000
1,000
15.000
5,450
23.000
18,055 26,507
1,000
1,000
1,000 None.
23.000 None.
8,500 None.
800
11.000
22,000 None.
70,604
13.000
7,850
24.000
33,500
17,250
45.000
7,549
1,000
850
None.
10,000
None.
None.
Total 1898... 101,423 47,566 115,855 23,481
288,325 1,051,628
78,079 4,873
79,989 16,546
Total 1897... 101,9196 14,631
9,770
Total 1896... 88,952
160,514
111,476
30,094
36,049"
46,328
121,356
66,277
917,388
816,567
199,509
195,257
Speculation in cotton for future delivery has been quiet,
and the tone of the market has been somewhat unsettled.
Early in the week the tendency was downward, prices on
Tuesday weakening 6 to 8 points, under moderate selling by
tired holders to liquidate their accounts prompted by th e
continued full movement of the crop and the advices from
New England stating that in some sections labor troubles had
resulted owing to reductions made in wages by the cotton
mills. There was also some selling of long cotton by the
East, based on the above developments. Wednesday and
Thursday, however, the tone of the market was firmer in re
sponse to better advices from the Liverpool market than
expected, and a decreased movement of the crop, despite
the fact that it was apparently due to the bad roads, etc., at
the South as a consequence of the wet weather. There has
been some selling by exporters during the week against theacceptances of lower offers made to the South, but generally
the Southern markets have held steady, the result, it was
claimed, of the demand to fill the large contracts for Jan
uary shipment, little new business being transacted. To-day
the market was quiet and prices weakened slightly under
selling for local account, prompted by disappointing advices
from Liverpool and expected increased movement of the crop,
owing to reports of clearing weather at the South. The close
was quiet, with prices 2 to 4 points lower for the day. Cot
ton on the spot has been quiet and unchanged, closing steady
at 5j^c. for middling uplands.
The rates on and off middling, as established Nov. 17,1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Good Ordinary............. c.
Good Middling Tinged. . .
Strict Middling Stained..
Middling Stained.............
Strict Low Mid. Stained.
Low Middling Stained...
Fair.................................. o.
1 on.
Middling Fair.................... U igon.
% on.
Strict Good Middling.......
Good Middling..................
x4 on.
Strict Low Middling........
3i6 off.
Low Middling.................... 7ia offStrict Good Ordinary.......
% off.
I 1* off.
Even.
732 off.
7i« off
1 ^ off.
1=8 off.
In order that comparison may be made with other years*
On this basis the official prioes for a few o f the grades for
we give below the totals at leading ports for six seasons.
the past week—Jan. 15 to Jan. 21—would be as follows.
1896.
1895.
1894.
21,209
40,526
6,247
10,908
4,237
3,406
9,325
1,073
15,464
49,472
76,007
11,106
21,407
18,735
4,057
10,144
4,798
17,302
20,028
53,873
6,804
29,790
7,963
2,393
11,379
8,252
13,870
19,652
31,801
1,171
5,929
1,204
332
4,611
766
6,303
233,940 130,160 112,395 213,026 154,352
71,769
Receipts al— 1898.
Galves’n,&o.
New Orleans
M obile.........
Savannah...
Ohas’ton, &c.
Wilm’ton, &c
Norfolk
N. News, &o.
A ll others...
Tot. this wk.
1897.
57,723
90,416
11,712
23,004
7,005
3,668
10,166
675
29,571
24,266
51,284
6,456
18,330
4,269
3,505
7,044
294
14,712
1893.
6379,149 5401,791 3912,220 6018,530 4797,044 3980,908
The exports for the week ending this evening reach a total
o f 207,459 bales, of which 119,858 were to G-reat Britain, 16,089
to France and 71,512 to the rest of the Continent. Below
are the exports for the week and since Sept. 1,1897.
Exports
from—
Week Ending Jan. 21,1898. From Sept. 1,1897, to Jan. 21,1898.
Exported to—
Exported to—
Great France Conti Jotal Great France Conti Total.
nent.
nent. Week. Britain.
Brit’n.
16,725
6,078
New O rleans.. 40,420
7,917
5,355
Pensacola......
7,104
7,637
Brunswick.. ..
C harleston....
P ort R oyal___
W ilm ington...
6,449
N ’port N., &c..
7,012
New Y ork .......
17,192
2,612
Baltim ore......
239
Philadelphia..
1,136
San Fran., &c.
6,045
G alveston.......
8,799
618
8,742
7,201
7,625
10,350
STAINED.
7.908 18,888
17,287
7,868
239
2,500 3,636
Sat.
M o n T u es W e d T b .
414
5718
52132
578
414
414
57ie 57,6
52Í3V 521SÍ
578
57s
4I4
5he
52la2
578
47a
5U ,«
61«
63&613la
F r i.
414
5716
52132
578
4%
57ia
52I33
, 57s
The quotations for middling upland at New York on
Jan. 21 for each of the past 32 years have been as follows.
37,038
108,586
50,645
200
4,798
146,741 30,731
156,076
55,503 1,988
8,910
1,408
8,000
151,911
16,244
514
110,976
3,546
60,934
1,250
60,833
45,038
260,497
66,889
5.542
288,448
159,622
118,425
10,160
62,241
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.
Sat’day..
Monday. Dull....................
Tuesday
Wed’day Quiet but steady
Th’day..
Friday..
4,351,929
1,717,026
546,561
T o ta l........... 119,858 16,089 71,612 207,459 2,083,342
Total..
T otal, 1898-97. 81,354 26,860 46,021 154,235 2,207,154 488,288 1,308,792 4.004,234
5,256
478
5Uie
6i«
638
613lfl
47s
5Ule
618
638
6i3lfi
Low Middling.............................
Middling.....................................
Strict Middling..........................
Good Middling Tinged.............
4 78
5Ulft
eie
638
613,6
4 7a
51I16
618
63s
613le
47«
5u ie
61«
638
6 13i «
Good Ordinary..........................
Low Middling............................
Middling.....................................
Good Middling...........................
Middling Fair............................
F r i.
4=8
4=8
5716 57ie
5 78
5 78
618
6ie
69ie 69ie
W e d T b . F r i.
4=8
f 7ie
6%
69ie
1 8 9 8....c . 57s
1890. . . . c.101316 1 8 8 2 ....c.1 2
1874....0.1638
1897........ 7516 1889......... 9'= l6 1881....... 111316 1873.........20=8
1896........ 85lft 1888..........10=8
1880......... 12=8
1872........ 22^
1895........ 5%
1887.......... 9 ^
1879....... 9716
1871....... 153a
31,602 580,732 220,167 270,478 1,071,377 1894........ 7i5ie 1886........ 95,e
1878........11^4
1870........ 253s
15,815
15,815 1893........ 95s
648
1885..........11
1877..........13316 1869........ 29ia
1884......... lOHje 1876......... 13
1868........ 17^4
55,207 575,952 264,716 381,544 1,222,212 1892........ 7=8
1883..........10ia
1875......... 15^4
1867........ 33
27,996 105,024 1891........ 93s
77,028
15,118
N ote .—On Oct. 1,1874, grades of cotton as quoted were changed.
24,648
71,339
46,691
5,355
According
to
the
new
classification
Middling
was
on
that day quoted,
14,78 < 61,397 28,759 434,145 524,301
34,935 135,632 380. lower than Middling of the old classification.
7,637 100,697
MARKET AND SALES.
113,237 189,367
76,140
10,350
12,583 12,388
6,449
3,966
M o n T u es W e d T b .
Sat.
UPLANDS.
4=8
Good Ordinary.......................... 45s
458
Low Middling......................
57ie 5718 5716
5 78
Middling..................................... 5 7s
5 78
61«
6!8
Good Middling........................... 61«
Middling Fair............................. 6*16 6®ie 69ie
Sat. M o n T u es
GULF.
Ex
port.
Sales ofCon- Spec- Con Total. Futures,
sump. ul’t’n tract.
35
41
....
292
61
429
....
—
35
300
300
1,000 1,041
....
292
61
26,000'
84,500*
165,000
115,000)
109,700
83,900
1,729
584,100
1,300
192
THE CHRONICLE
afe
gl |
1 ®r
►
•4
©
1 ©
Ol OI § ©
00 00
oo
o i Ol
CD 00
M CD
1 ©
►
■4
»5
<1
Ol o* O O !
CD CD ° o b
to o
CO
to
1»
O! w
<
ob
QC
1 s y ;
W
Ol O i o Oi
OT) c ò ® ob
CD CD 05
>
%
00
to
Ol O l O O l
00 © ° o b
OI ©
00
oi W
CD «
M M
i ©
to
<
06
<5
;
<1
Ol O l O O l
CD
tO
«
I9
®
;
x
còcc®có
CJIOIOOI
MM
A
>
OlOl •
4
S’ •4 1 1
obob »3 1 ^
<1CD
05 »?
9
1 ®.H
1©
!
OlOiOOi
OOl
obcoP^
°CD
Ol W CO to
CDO
A
>
►
f**
11
i
i. 1 1 1
CR 1 1 O
R 11 C
R
OR) 11 05
,
_
®
1 ©: ® 1 ©: ;
1 ©: ® 1 d : ;
1 ©:
OlOl £
cèco
wts g
I9 :
OlOiOOi
COCD®CO
M
>
-4
»3
:
lneiuaes sa es in peptemoer, ri-r septmi.ber, Si.aun; SeptemberOotober, for October, 375,2 » ; September-November, for November
318,100; September-December, for December, 1,181,400.
’
United States stock.............. 1,339,953 1,116,897 1,011 824 1 067 395
United States interior stocks. 602,828 502,917 533,688 507 480
United States exports to-day.
50,540
25,543
19 504
49*913
4' 239’3 i l 3’796’ 357 S 5 “ - ° w W s s
123,0-00 152,000 193.000 143,000
4,000
8,000
5,000
6,000
Continental stocks..................
37,400
70,300
76,200 101,200
India afloat for Europe..........
34,000
68,000 104.000
24.000
Egypt, Brazil, &c., afloat.......
52,000
38,000
44,000
46.000
Total East India, &c......... 250.400 336,300 422,200 320,200
Total American............... 4,239,321 3,796,357 3,555,016 4,576,788
Liverpool stook.......................
London stock........................
f f i S SUpland,
S S S fLiverpool..
f l f c s a r ^ 33,
i 72,1
? i« 57 m
m
iM im
Middling
*d * -l3 4*32d.
4i935id.
3d
Middling Upland, New York.
5780.
75ig0.
86](0.
5lii«o.
Egypt Good Brown, Liverpool
47,6d.
5 ii i6d.
6?4d.
45gd
Peruv.Rough Good, Liverpool
e^ d .
65ied.
67ied.
538d'.
Broach Fine, L iv e rp o o l.......
35xed.
33i32d.
451(.d.
33ied
Tinnevelly
4d.
-------371Bd.
....
■*-»«,
- Good, Liverpool..
4i4d.
33ied'
m n Im p orts in to C on tin en ta l p orts past w eek 51,000 bales.
T h e a b o v e figures in d ic a te an increase in th e c o t t o n in sigh t
o f 357,064 b a les as co m p a re d w ith th e sa m e d a te
°i
a g a in o f 512,505 bales o v e r th e c o rre s p o n d in g d a te
o f 1896 a n d a d ecrea se o f 407,267 bales fr o m 1895.
A t t h e I n t e r io r T o w n s th e m ov em en t-—th a t is th e re ce ip t s
f o r th e w e e k a n d sin ce S ep tem b er 1, th e sh ip m en ts f o r tb e
W6©k a n d tli© s to ck s to -n ig h t , a n d th o sam e item s fo*# th e
corresp on d in g p eriod o f 1896-97— is set o u t in d e ta il b elo w .
sh ►
i ®
a 8
& .«............. S gW . ‘
5
O
hi
05
O
fcO
(JO
NJ
®
rf»M
M
MM H M 00
HkJSM
M l-1O»A0l-‘ MM M
© M©Vi O’ CJlM*|fkKJm'Òo'moi'h <1OO-*©© ©M © © © Ol MVÌWcBtOCflM
v»O©<I00©00GDa0M(»©00©00M©MU)CDMM©Mif 00©®»§©ffi
O'Mif’ MoiaoKKxiffioiffiwwKHiwoiiP-eHii-MMfoooo^Hao
M
Vm
^ M
05
M
to»-«
M
•-»
0f>C0MC.0b0CDMO»MM»^<10505C005|^b0 Ol 05O»Ol 00<1CO0505<1 to
P ^ WOOO*<plOOtp
COpO^itfiiOi 050TQ00!O0!^O<lQ0»pkO
OO^tOQlOOOW05tO<1COOl 05CO00OllDa^^fO
OC^bOOjCOCDOtwCOOOi*—OCOCOCOOli^CDMOMCDbOCOiUCOCDCO^CO
O<l»^<lCDMtoCDOM»^<l<lCCWl^0500WO^3^C0M<3b0Q0aw*5cD
£ - 1 0
M
y
y
OMi»fcO (CM^ M M<JfcOXO tOMMM
M«jiomVi ^ hmi^ mh m © go©<igo w a t o a e o A
tO<KJ0©MM©©«l©©(f^©©©H‘ tlGCO|^.©M00M00©©00-3©t0O5
M
<1
CO
MbwM
tfdh
M^ 05M
IO MtO
jOWWrf^Mp;
j ^-pW<lO!WC0O 0!00b0t0^10!05^b00b0
®lfel
ì
?
Ì
iS
2
'
S??:
^
0^®
O
to
MwV|©
©
a
t5
©o'Vj
to’aco
GO©©
¡¡»•©tf^toto©, tOM ©©©d^eooooifi.Qoto© to to m i£-m to to
mm
©M-JMM© QOCD ©M|LaSl^-M©-J©Oif-i|fk®©tOMtO©©X©
cable and telegraph is as follows. Continental stocks, as well
m5
cdc^
Si
<1
¡s
i
S-S-3
i o
to Si
M^
^
P
WQoVl
oi IO05OlVl Mtf^Ol ifiOibb MMo* qd
|g
MsDOi^lfcOcCOtCCOtOOCCiMCJCICDCCOMbOCDGOMlC^JOiOi^lOMCJ
r~*
M
Ki
t O C O ^ ^ h 3 C D M O b O M O C J K I O !#^0!COCD
I0M
M
O!O«rf^rfx>-»OiC0-^rf^05>— M
MJ^i Oi 00
The following exchanges have been made during the w e e k :
*l& pd. to exch. 300 Meb. for Au&. 10 pd. to exch. 1,200 Jan for May.
'02 pd. to exeb. 100 Oct. for Aug.
•*'8 pd. to exch. 700 Moh. for May.
*14 pd. to exch. 500 Mob. for July. •20 pd. to exoh. 500 Jan. for Aug.
•10 pd. to exch. 300 Apr for July. •02 pd. to exoh. 2,400 Jan. for Mch.
•11 pd. to exch. 3,900 Feb. for May. •06 pd. to exoh. 300 May for July.
•06 pd. to exch. 100 June for Aug. •03 pd. to exeh. 300 July for Aug.
'16 pd. to exeb. 100 Meh. for Aug. •17 pd. to exch. 1,200 Mch.for Aug.
•03 pd. to exch. 1,700 Feb. for Moh. •15 pd. to exeh. 1,«00 Jan. f ir July.
*11 pd. to exch. 200 Jan. for May. •09 pd. to exeh. 200 Jan. for May.
•03 pd. to exoh. 2,100 i an. forM ch. •16pd.to exeh. 1,' 00 Jan. for July.
•10 pd. to exeh. 20Ó Mav for Aug. •09 pd. to exeh. 100 May for Aug.
•07 pd. to exeh. 300 - oh. for May.
T he V is ib l e S u p p l y o f C o tto n to-night, as made up by
1
k)
Cb
a
m
Jan
f*
oicn
- . 4
coco (¿r
00 2
1 9
Ol
O'
CD
Ol O '
00 ®
M
i
Stoek at L iverpool......hales. l,o o !,0 0 0 l,l9 5 j)0 0 l . l l i . o o o l 47i9o o o
Stook at London......................
4,000
8,000
5,000
6.000
Total
Great
Britain
stock. 1,012,000
1,203,000
L7I a16.000
1~47
7 Y000
ilK
a
t
H
f
t
m
h
u
v
f
f
n
A
n
n
t
o
a
a
a
a
’
a
a
*
L
Lf
YY
Stock at H a m b u rg ...............
7,000
18,000
23.000
20,000
351,000 191.000 276.000 273.000
Stock at Bremen....... ...........
Stock at A m s te r d a m ...... . . .
3,000
7.000
8,000
16,000
Stock at Rotterdam ..............
400
300
200
200
7,000
Stook at A n tw e rp ........... .
12,000
17.000
12,000
Stock atH avre..........
284,000 212.000 307.000 476.000
Stock at Marseilles..................
4,000
5.000
6,000
5,000
68,000
Stock at Barcelona.................
55.000
68.000
72.000
Stock at Genoa......... ..............
28,000
43.000
48.000
26.000
8tocb at Trieste.................
2,000
15.000
16.000
17,000
Total Continental stocks.. 754,400 558,300 769,200 917,200
Total European stock s.... 1,766,400 1,761,300 i , 885.200 2~394 200
India cotton afloat for Europe
34,000
68,000 104 000 * 2 4 non
Amer.cotton afloat for Europe 644,000 620,000 379 000 80S non
EgyptBrazil,&o. ,aflt.for E’pe
52.000
38,000
44,000
46 000
Stock in United States ports . 1,339,953 1,116,897 1,0n 824 1.067 395
Stook in U. S. Interior towns.. 602,828 502,917 533 688 * 507 4sn
United States exports to-day.
50,540
25,543
19’,504
49!913
Total visible sunply.......... 4,489,721 4,132,657 3,9?7,216 i '896,9'88
Of the above, totals o i American and other descriptions are as’foUows:
American—
U verpoolstook............. hales. 885,000 1,043,000 918,000 1,328.000
? ^ ? 6ntalflSt0P ?8- - ^ ............ 717,000 488,000 693 000 816 000
afloat for Europe.. 644,000 620,000 379,000 808 000
This
week.
Ol
1
(JÒ
LX'VI,
as th ose f o r G rea t B rita in and th e a float a re th is w eek ’s r e tu rn s a nd con seq u en tly all E u rop ea n figu res are b rou g h t d o w n
to T h u r sd a y ev en in g . B u t t o m a k e th e to ta l th e com p le te
figures fo r to n ig h t (Jan . 21), w e a d d th e item o f exp orts fro m
th e U n ited States in c lu d in g in it th e ex p o rts o f F r id a y o n ly .
Il39,855 14,703,990 1
T h e S a l e s a n d P r ic e s o p F u t u r e s a t N e w Y o r k , are
s h o w n in th e fo llo w in g c o m p r e h e n s iv e t a b le ,
5
S
Qhdco^
•4 2.
Ohs»®
R
| 3 g | S’ ¿ E g , Q»uoog
•*
©tie.g'
o S £®gp< E
a©
£ §P* fa si
»
a
®
®
a
O
®
P
o
s
©
©¿5
®
©
n
e
t
s
*
M® »VJ Ci® as p,
¡2.
£
®
M
©D*®
8#j p g -“ g“ qaoSP oo "V m
Eg-“ »
P
O
•
V
g ® £ P OB'V
®>a
*>•3
^■dg-;. q.pd*P e©K- « • d g ^
» efS-l
m ¡lef : s e P : » *■". : * si-1 :! jis)
»
Ì I-*«? 3 8 2
:
E
£
£
;
E£è*
pi?
3
o ®
2£
ET
«Kin
?8 ®
: ii
P
“
Si
fia *
•
fiD:• ? :: i?:
80• 00
&o• q : g :
g. m
•
a•
• «to
K
p
:
:
p
:
p
:
•
Jr
I
.
Je.
w
CO ®
©®
©
: fi: ® »* :
»3 .
vl
! A! I
. ww
w
©
©
ga v ,
w
05 M ®©M^g Q0<£,
-3 H
£>
-¿OSQOgs ST© © S' STMMHi ®O05® £
-3©OOOD8H
5 MOkOgS
n?
£ « « 2 » ® ® 3 * $ < " £ g ss©» g. §*>■£. P Si35® So»
® to® p. <jg p. o e
a
o®
• © o ^ *< ©©¡3 **4 © © 2
■ 0103 SR »
A
rn ©
’ enC r
‘ ¿ O ?
¿p
••R.
CO
to
>
CJl® £ OIw ^ Ol « ^ OlOl £ O! * % o*
Oi
Ci
05
052 OR 0505 g** 05 1 OR
oo ® OR 05
Oi
M
oo ^ CD
1
1
1
1 ^.W® i
*» §
<1
OC
M
00
Ol0»00! OlOlOO! Ol0*00» OlOIOOI
OiOIOOI Oioi OO!
05d®sc 05-j®M 05d ° M 05c»®<» Oi-i®*j
00 <1 CDM <1 00-J ic- to<1 M (X)00 *-< o o ®-j
o
►
OlO! 5 0!0* *>4 O!Ol ► OlOl ^ OlOl <
«?
1
4
0505 0* Ci 05 (K OJ® nò 0505 CR o * OR
OiCi
O! M ? ®® ® <1GC
CD
J® 00Ol
1$
1©
i © r*" 1 © P l ©
O
»
to
<1
o
0!0!00! OIO»OO! OlO*OO! 0!0!00! OlOlOO!
a ® * ® 0505° 0 0505° 0 <»d®c> 05<1
^1 •
0500 <1 CDCD oc 05Ol to MO!
W 00© CD ©
|
to
to
►
►
ol w 5
OIOl •4 qioi ^ cnw
O.lOIl 4
0505
0505 r£ 0» 05 f|o"
05
oe
oooo-'g
ÌJJWtoJg COCOCOS
WW ®
X'© I S*4:
I a »®
I
I
I 9®:
b
•
4
©
to
05
2*g yioiooi
O lO iO O i
W © 0 ©
W©©© oiyiooi
©<l®©
© -j® -j
„ ..¿ ° à
COM ©
OOP 05 Ifr-© 05 to 05 tl». i^-e- co i
to
► 0!0! A dici to didi ^
OlOl
OlO! <
1
<105
0505
no
oito »? bv^1 »? 0000 »? •j-4
did!
'5
?
TO I 9
1 © N;
1©
1
i 9 r®
19 f
m2
dicjodi
idi O’ d’ odi oi
*j-j°05
*•3 4 * 4 ° ^ -q
0505 Oi COCO CO
O OSCO 05 00
oidi ^ OlOl ¡5 oioi $ Ol Ol
OlOl >
4 4 no
(*5 4 4
-4<i f^r ccao <
QOO»COS OiOW1^
00
00
Co's
. -'<§
00 3
w
.'<i I
I 9 .^ ;
! ^ i°;
9®:
1 9®;
to
to
co
o
OlO»OC^ CJICJOCJ di diodi
oi
diodi
did»Odi
o
4
4 ® 4is.
*5ob®òc) obòó®ob
CW<| Oi COO
OSO
coco o i->tC M
to
to
o»cj
dioi
. . ^ ww 4 d i d i ¡J d i d i 5
<I<* or ob^a
•4-j
4
4
n
o
<100 ^ MCD
com
moi (S t o t s ‘g mm g
I
I H iT
I 9® ;
I 9r®
9r;
CO
CO
m
CO
oicnocj Oldiodi didiocj
dicjodi
oboe Poo ocob®^
GOGO® GO
tow o o o -a
cod i m
oi m
to
CUOI to OlOl ►
OlOl
d id ! 5
4. O.lOl
. $ OlOl
OGÒ C4
GOOD
-4-4
dbdb
® £ of G
8 3 5 « GO00 05 O ld ! ®r -300
m
g
"l 91^® I 9.®;
I
9
®
;
9
I 9r®
M
ts
GO
05
m
didiOdi OlOlO Ol
OlOiOOi d i d i o d i oiqiodi
GCMXO QQ òbob°òb
■’db «jòb®ob o b o b ® dò oóoò®có
tots
(-* 0105 ^
o coco M 05w au coco x
to
to
to
to did! 5to
OlOl ^ OlOl ¡5 OlOl ¡5
d id ! ^
GO® nà GOOD
gogò
OÒOÒ «f
mmng om cog cum tog
x
w
mg
om g
«'M I 9 « ;
I 9®;
I 9J^®
I 9®;
I 9,^;
5Jf—
mI
-3
GO
M
o
to
Oidi Coi OlOiOOi O lO iO
Oi
OiCJiOdl didiodi
icooi
nr»
r
r
\
W
n
r»
sO,i I
RB
..
oboò® có
còdó®cò
obcó®cò
cèco
Ol 05 Ol 00CO -3 050 m
cow o
►
didi ^
OlOl ^
OlOl ^
4
good ag
cow ^
OR
o sto g
2 2 of
0 0
g
!9 ;
I9 :
1 9;
I 9 ®:
m
*3
cc
O idi O d i
d id io d i
O lO iO O i O lO iO O i
c0co®{0
gogò® oo CPCÒPcD còcò®cc
oo o
m os 05 M CO M
[V O L .
S
a
'
S
*-* c o b o H-» o 'c D M
WOMMvJOlvlt^
<JOf CO 05 COQOQO GO
CDC7l^4CDMfc0m0iCC0C>CJKDOMb00iOQ0rf^C0D3<JCDCDO^4OOc005
to
a
MfcOCOMj W bp
hto
^ t ^ C O M O O ^ tfs^tOO!'
M Ji|^<ÌO<JO«OfcO ObOtO|^OQO>
.
Ol
CTlMtO*-*
M Ol CO bO <D fcO M W CO Ol M Qo'bb
CO CO
WMOOO»CJ!Otf^»(^QO<105a5CJ!Cj«GO
H2
&
¡S i
CD tf^ & 0C D C D 0505b0O < IC i0C 0O M W O
r*
IO
M
bo
p*
03
00
bO M p b O ^
WOO CGGC00C5C0<35OG0 tO bO
M<105CDCJ1MOOCDM05^**<1*<I0505 co b o
b005 O *M CO^D CD <1 C^OO Oi'cD
bO‘- l < lO ‘ ObObO'i»OCOCD*v)M(JOTrrf5».QOCD^'C5C^OcX)C5Wf— 0 0 5 0 M
n »*^ C 5C O ^ O »C O C O O M ~ 0?Q C M O O C 5C ^O Q C Q 5C O C D <I O i IO CJ» M CO05
* Last year’s figures are for Columbia, 8. C.
T h e a b ov e tota ls s h o w th a t th e in te rio r sto ck s h a v e
d ecreased d u rin g th e w eek 20,729 bales, a nd are to -n ig h t 99,911
January 22, 1888, J
THE CHRONICLE.
193
bales more than at the same period last year. The receipts at
W e a t h e r R e p o r t s b y T e l e g r a p h .— Our telegraphic a d
all the towns have been 67,603 bales m ore than the same
week last year, and since Sept, i they are 947,000 bales m o r e vices this evening denote that rain has been general at the
than for the same time in 1896-97.
South during the week, and that in portions of Texas, Missis
Quotations for Middling Cotton at Other Markets .— sippi, Louisiana and Arkansas the rainfall has been som e
Uelow are closing quotations o f middling cotton at Southern what excessive. The movement o f the crop has been re
and other principal cotton markets for each day o f the week tarded to some extent by the weather and bad roads, but
still continues quite free.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Week ending
Jan. 21.
G alveston, T exa s. —Rain has fallen heavily on three days
Satur.
Mon.
Tues.
Wednet. Thurt.
Fri.
of the week, to the extent o f three inches and twelve hun
Galveston. .
5*2
5ifl
5’ i0
513
BJie
New Orleans
dredths. The thermometer has averaged 54, the highest be
Si*
514
53ie
514
S Ì 16
M obile........
514
5 x4
ing 64 and the lowest 44.
öl*
51i
Savannah. .
53,8
5316
£>3i e
Charleston..
5 I4
C orp u s C h risti, T ex a s. —There has been light rain on three
5%
5 1*
53,6
5316
Wilmington.
538
5%
......
539
539
days during the week, the precipitation being twenty-three1
N orfolk____
5ifl
S ’7! »
5Ii6
5716
B o s to n .»,...
578
57g
57g
hundredths of an inch. The thermometer has ranged from
579
Baltimore...
589
55a
589
559
559
43 to 74, averaging 6(>.
Philadelphia
6*9
6^
6ig
61g
619
Augusta.......
S’a
5ifl
51 «
5*a09ia
P a lestin e, T ex a s .—There has been rain on four days o f the
M em phis....
5518
5“ia
5510
5&16
55ift
St. L o u is....
538
589
5%
539
539
week, the precipitation being one inch and sixty-two hun
H ouston. . . .
5^
539
513
539
5716
Cincinnati..
dredths. The thermometer has averaged 46, ranging from
512
5^
5ijj
51 «
54
Louisville...
538
513
32 to 60.
She
512
5ifl
The closing quotations to-day (Friday) at other important
San A n to n io , T ex a s .—It has rained on two days o f the
Southern markets were as follows.
week to the extent of twenty-nine hundredths of an inch.
•^■t'Sens..............
5 I Columbus, Miss 5 k
Nashville. . . . . . 5 k
Minimum temperature, 34.
A tlanta. . . . . . . .
5% \Eufaula.. . . . . . . 5 k
N atchez........ .
5 ii«
Charlotte. . . . . .
539 I Little R o o k .... 4;15
N ew O rleans, L o u isia n a . — We have had rain on three daysR a le ig h ........ 5 k
' °16
Columbus. Ga.
5 k I Montgomery... 55
Shreveport..... 4 7g
dunng the week, the precipitation reaching twenty-eight
Receipts from the P lantations .— The follow ing table hunareths of an inch. The thermometer has averaged 58.
S h rev ep ort, L ou is a n a . — We have had rain on three1days of
indicates the actual movement each week from the plantations.
The figures do not inolude overland receipts nor Southern the week, the precipitation reaching three inches and forty- —
consumption; they are simply a statement o f the weekly four hundre ttbs. The thermometer has averaged 43, rang
®
movement from the plantations o f that part of the crop whict ing from 34 to 58.
Colum 'm s, M ississip pi.— There has been rain on four days
finally reaches the market through the outports.
during the week, the precipitation being three inches and
Week
The thermometer has ranged
Receipts at the Ports. St’fc at Interior Towns. Rec’ptsfrom Plant’ns. seventy-three hundredths.
from 33 to 70, averaging 55.
1897-68 1896-97 1895.96 1897-68 1896-97 1895-96 1897-98 1896-97 1895-96
L elan d , M ississip pi.— 'There has been rain on four daysDec. 1 7 ..... 389.27S 327,175 222,783 639,321 575,781 585,332 415,336
334,174 251,743 during the week, the precipitation reaching three inches and
*
...... 306,267 310,522 223,949 611,849 588,007 596,822 368,792
322,748 235,439 eighty-two hundredths. Average thermometer 50'4, highest
81....... 308,158 215,412 176,324 631,483 582,645 563,663 297,792
210,050 163,165 66 and lowest 36.
Jan. 7....... 300,273 167,340 135,322 628,843 552,205 565,410 297,633
136,900 117,069
V icksbu rg, M ississip pi.— There has been rain on five days
“
14....... 271,472 151,811 119,837 623,557 532,119 552,608
266,183 131,755 107,035 of the week, to the extent of three inches and fifty-four hun
21....... 233,640 130.160 112,395 602,828 502,917 533,688 213,211
100,965 93,475 dredths. The thermometer has averaged 50, the highest be
The above statement shows: 1.—That the total receipts ing 71 and the lowest 39.
^ a ^ i o n s since Sept. 1,1897, are 6,936.901 bales; in i L ittle R o ck , A rk a n sa s .—The week’s rainfall has been three
1896-97 were 5,784,114 bales; in 1895-96 were 4,413,208 bales.
inches and thirteen hundredths, on four days. The ther
mo
although the receipts at the outports the past week mometer has averaged 44, ranging from 31 to 54.
H elen a, A rk a n sa s ,—Rain has fallen heavily on three daysIEoTn t 1 u r
i!es;_
actual movement from plantations was
/.lo,211 bales, the balance being taken from stocks at interior of the week, the precipitation being four inches and seventytowns. Last year receipts from the plantations for the week one hundredths, but the weather is now fair and cooler. The
were 100,958 bales and for 1896 they were 93,475 bales.
rain and high wind damaged unpicked cotton. The ther
O v e r l a n d Movement for the W eek and Singe Sept . 1.— mometer has ranged from 33 to 56, averaging 49.
M em phis, Tennessee.— There has been rain on four days
We give below a statement showing the overland movement
tor the week and since Sept. 1, as made up from telegraphic during the week, the precipitation reaching three inches and
reports Friday night. The results for the week ending ninety-five hundredths. Average thermometer 45-9, highest
59 6 and lowest 34.
■ *
M obile , Alabama.—Roads are reported to be in very poor
1897-98.
condition in the interior. The week’s rainfall reached thirty
1896-97.
January 21.
hundreths of an inch on three days. The thermometer has
Since
Since
averaged 54, ranging from 35 to 72.
Week. Sept. 1. Week. Sept.
1.
M on tg om ery, A la b a m a .— R a m has fallen on three days of
Shipped—
the week, to the extent of twenty three hundredths of an
Via St. L o u i s . . .. . ...................... 30,736 576,727 14,062 373,353 inch.
71 *i
-------- jg jjy j! has >ranged from 45 to
■ 60,
~~ averag. 1
The
thermometer
Via C a iro ....................... ............ 11,005 235,741
5,399 197,820 ing 152.
Via P ark er.....................
1,058
18,285
378
10,240
Via Rock I s l a n d . .. . . . . . . . . .. . . . .
1,525
35,229
200
Selm a, A la b a m a .— W e have had rain on four days of the
12,010
Via L ou isville.... ............. .
6,977
76,220
2,558
98.826 week, the rainfull reaching fifty-four hundredths of an
Via Cincinnati...........................
4,431
71,762
3,255
83.827 inch. Average thermometer 55, highest 72, lowest 31.
Via other routes, & o .............. .
4,129
91,805
2,025
65,717
M ad ison , t lorid a .— Telegram not received.
Total gross overland.......... .
59,861 1,105,769 27,877 846,793
S avan n ah , G eo rg ia .— W e have had rain on four days o f
Deduct shipments—
Overland to N. Y ., Boston, <fec.. 20,562 273,756 11,372 232,796 the week, to the extent o f twenty-four hundredths of an
Between interior to w n s .........
76
18,901
92
2,624 inch. The thermometer has ranged from 39 to 78. averag
Inland, &o., from S o u th .........
» &
2,191
22,151
1,010
22,728 ing 56.
A u g u sta , G eorgia ,— The week’s rainfall has been sixtyT ota lto be d e d u c t e d .......... 22,829 314,808 12,474 258,148
three hundredths of an inch, on four days. Average ther
Leaving total net overland*.. 37,032 790,961 15,403 588,645 mometer 56, highest 77 and lowest 38.
C h arleston, S ou th C a ro lin a . —There has been rain on three
The foregoing showsfthat the week’s net overland movement days of the week, to the extent o f sixteen hundredths o f an
this year has been 37,032 bales, against 15,403 bales for the inch. The thermometer has averaged 56, the highest being*
W66J£ in 1897, and that for th© season to date the aggregate n©f 72 and the lowest 43.
S ta teb u rg, South C a ro lin a .— 'The week’s rainfall reached
overland exhibits an increase over a year ago of 202,316 bales
fifty on© hundredths of an inch on two days. Th© thormom1897-98.
eter has averaged 51, ranging from 85 to 76.
,
1896-97.
I n Sight and Spinners'
G reen w ood , S ou th C a rolin a . —There has been rain on three
Takings.
Since
Since
Week. Sept. 1 . Week. Sept. 1 .
«ays during the week, the rainfall being sixty-nine hun
dredths of an inch. The thermometer has ranged from 38 tu
Receipts at ports to Jan. 21........ 233,940 6,379,149 130,160 5,401,791 54 averaging 46.
Net overland to Jan. 21................ 37,032 790,961 15,403 588,645
W ilson , N orth C a ro lin a . —W e have had rain on one d a y
Southern consumption to Jan. 21 23,000 463,000 22,000 427,000
during the week, to the extent of forty-four hundredths o f
Total m arketed........... ........... 293,972 7,633,110 167,563 6,417,436 aaAhch. Average thermometer 50, highest 72, lowest 36.
Interior stocks in e x c e s s ............ *20,729 557,752 *29,202 382,323
The following statement we have also received by telegraph
Game Into sight during week. 273,243
Showing the height o f the rivers at the points named a t
138,361
Total in sight Jan. 21.............
8,190,862
6,799,759 8 o clock January 20, 1898, and January 21, 1897.
* Decrease during week.
123,647 1,490,033 32,199| 1,060,241
It w ill be seen by the above that there has come into sight New Orleans.
during the week 273,243 bales, against 138,361 bales for the Memphis.......
Nashville.......
same week o f 1897, and that the increase in amount in sight Shreveport...
Vicksburg__
to-night as compared with last year is 1,391,103 bales.
.Above zero o f gauge.
.Above zero of gauge.
.Above zero o f gauge.
..Above zero of gauge.
■Above zero o f gauge.
Jan. 20, ’98 Jan. 21, ’9 7 .
Feet,
Feet.
50
36 1
36 1
8-2
18*4
8*1
13 4
16*7
8-9
22'3
rHE 0HE0N1CLE.
194
[Y o l . LXYI.
S ea I sland Cotton Movement.— We have received this
f r o m a l l P o r t s .—The receipt8
of cotton at Bombay and the shipments from all India port8 (Friday) evening by telegraph from the various ports the
for the week ending Jan. 20, and for the season from Sept, l details of the Sea Island cotton movement for the week, The
receipts for the week ending to-night (Jan, 21) and since
Sept, 1, 1897, the stocks to-night, and the same items for the
1895-96.
1896-97.
1897-98.
corresponding periods of 1896-97, are as follows.
1 I n d ia C o tto n M o v e m e n t
Eecei/pts at—
Bom bay..........
Week.
270,000 47,000
49,000
Since
Sept. 1.
Great
Britain.
—
Conti
nent.
Bombay—
1897-98..
189697..
1895- 96.. 2,000
Calcutta—
1897- 98..
189697..
1895- 96..
Madras—
1897- 98..
1896- 97..
1895- 96.. 1,000
AJI others—
189798.
189697.
1,000
1895-96.
Total all—
1897-98.
1896-97
1895-96.
4,000
Since
Sept. 1.
Week.
Since September
Total.
Great
Britain.
1.
21.
Savannah.........................
Charleston, &o................
Florida, &o.......................
T h is
w eek.
S in c e
S e p t . 1.
T h is
w eek.
1,628 50,868
9,249
169
4933
64
S to ck .
S in c e
S e p t . 1.
18S8
1897-
1,565 75,057 25,292 27,935
9,907 6,106 5,806
121
5,412 3,028 3,572
355
Conti
nent.
Total.
Total........................... 1,861 64,950 2,041 90,376 34,426 37,313
47.000
The exports for the week ending this evening reach a tots 1
130,000
198,OuO of 905 bales, of which 680 bales were to Great Britain, 225
3.000
3.000
3.000
3.000
2.000
1,000
6,000
14.000
46.000
124.000
184.000
2,000
3.000
2.000
2,000
2.000
2,000
4.000
5.000
9.000
17.000
9.000
11.000
21,000
14.000
1,000
2.000
9.000
17.000
5.000
17.000
14.000
26.000
31.000
2,000
2,000
1,000
8.000
12.000
19,000
19.000
36.000
27.000
27.000
48.000
46.000
5.000
5.000
8.000
2,000
8.000
6,000
13.000
31.000
55.000
79,000
194.000
234.000
92,000
225.000
289.000
3.000
1896-97.
1897-98.
R ec e ip ts to J a n .
711,000
425,000 64,000
For the Week.
Exporta
fr o m
Since
Sept. 1.
Week.
to France and — to Reval, and the amount forwarded to
Northern mills has been 569 bales. Below are the exports
for the week andsinoe September 1 in 1897-98 and 1896-97.
7,000
W eek E n d in g
E x p o r t»
fro m —
G rea t
B r iV n .
Jan. 21.
F r ’n ee
AC.
Savannah...
OharPt’n,&o
Florida, &o.
New Y ork..
Boston........
Phila., <fco...
262
418
225
Total........
680
225
S in c e S e p t.
G reat
T o ta l. B r iV n .
1,1897.
F r ’n c e
Ac.
N o r th ’n M i l s.
S in e
T o ta l.
W eek.
S ep t.:
262
8,462 1,967 10,429
2,276
2,276
1,725
1,725
643 2,665 1,580 4,245
52
52
455 13,646
814
50
64 4,733
905 15,180 3,547 18,727
569 19,193
According to the foregoing Bombay appears to show an
863 23,205
880 25,526 7,270 32,796
610
270
increase compared with last year in the week’s receipts ot Fötal 1896-1
2,000 bales. Exports from all India ports record a decrease
A considerable portion of the Sea Island cotton shipped to
o f 3,000 bales during the week, and since September 1 show foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
a decrease of 133,000 bales.
A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s o f C o t t o n .— the week in which it leaves the Southern outports, we follow
Through arrangements we made with. Messrs. Davis, Benachi the same plan as in our regular table of including it when
& Co., of Liverpool and Alexandria, we now receive a weekly aotually exported from New York, &c. The details of the
cable of the movements of cotton at Alexandria, Egypt, The shipments of Sea Island ootton for the week will be found
following are the receipts and shipments for the past week under the head “ Shipping News,” on a subsequent page.
Quotations Jan. 21 at Savannah, for Floridas, common,
And for the corresponding week of the previous two years.
9^ c .; medium tine, 10c.; choice, 13J^c.
A lex a n d ria , E g y p t,
Charleston. Carolinas. medium fine, 15^ to 16c.; fine, 17c.;
1895-96.
1896-97.
1897-98.
J a n u a r y 19.
fully fine, 19 to 20o.; extra fine, 26 to 33c.
Receipts (oantars*)....
This week....... . . . . . . .
Since Sept. 1.............
Domestic E xports of Cotton Manufactures.—We give
below a statement showing the exports of domestic cotton
S in c e
manufactures for November and for the eleven months ended
T h is
S in c e
S in c e
T h is
T h is
w e e k . S e p t . 1.
w e e k . S e p t . 1.
Nov. 30, 1897, and for purposes of comparison like figures for
w e e k . S e p t . 1.
the corresponding periods of the previous year are also
Exports (bales)—
■
To L iverpool. . . . . . . . 14,000 195.000 4.000 212,000 7,000 231.000 presented:
10,000 180.000
To O on tln e n tt.......
115,000
4,183,000
210.000
4,446,000
155,000
4,299,000
8,000 188.000
7.000 173,000
Total E u r o p e ..... 22.000 383.000 11,000 385,000 17,000 411,000
I897-a8, 22,248 bales; in 1896-97, 30,617
bales; in 1895-96,35,630 bales.
th is statement shows that the receipts for the week ending
Jap. 19 were 210,000 cantars and the shipments to all Europe
22,000 bales.
Manchester Market .—Our report reoeived by cable
to-night from Manchester states that the market is firm for
yarns and quiet for shirtings. Merchants are buying very
Sparingly. We give the prices for to-day below and leave
those for previous weeks of this and last year for comparison
82s
C op.
T w is t.
1897-98.
1896-97.
8H l b s . S h i r t O o t V n
M id .
in g s, com m on
J J p ld s
to f i n e s t .
814
d.
d. s.
Do. 17 511i6- 6lsie 4
“ 24 511la-6131(t 4
« 31 5lli«-6 »te 4
4
Jan. 7
«• 14 511ie®6% 4
21 55g 96®B 4
d. s.
1 96
0V®6
0»a96
0is®6
0hi®6
1 96
d.
7ks
8
8
8
8
8
a.
32 s
C op.
T w is t.
d.
a.
6ifl 975,6
3Î32 6918 9738
314 6*a 9738
314 61a 9738
3732 6ia 973a
33, „ 63s 9714
lb s . S h ir t
in g s, com m on
to f in e s t ,
s.
4
4
4
4
4
4
d. s.
2 96
2 96
2 96
lia 96
lia®6
1 96
d.
8ia
8
8
7ia
7ia
7
O o tV n
M id .
T fp ld t
d.
4Jie
4l32
4
4
4*82
41-ia
E a s t I n d ia C r o p . — The Department of Land Records and
Agriculture issued, under date of Camp Khurja, December
7, the final forecast of the cotton crop for 1897, in the
Northwest Provinces and Oudh, which was in part as follows:
There was virtually no rain in the first two weeks of June, but th®
falls which took place in the third week of the month, though uneven
were fairly general; and sowings of cotton were vigorously started.
After that rain stopped altogether; hot weather conditions revived
and the ground rapidly dried up. The regular rains set in from the
' n t h of July and continued up to the end of August, in which month the
rainfall was unusually copious. In September general and well-distributedrain fell in the first week, followed by a break in the second;. but the
third ahd fourth weeks brought timely showers in almost every distriot
o f the Provinces. There was practically ipo rain in the month of Octo
ber. The total area returned for the ¿resent year is 1,140,206 acres, as
Compared with 1,423,924 acres returned last year, showing a decrease
20 per cent. When compared with the average area of the preceding
five and ten years, it shows a decrease .of, 11 and 21 per cent, respeo' tively. The crop was sown late and the revival of hot weather condi
tions soon after sowing somewhat stunted the plants at this early
stage o f their gro wth. The continuous rains in August retarded weed* ing operations, and on low lands the crop suffered heavily from exces
sive moisture. The season wae, however, favorable in September;
ànd the present year’ s crop has, ón the whole, been much better than
the last year’ s. Thè quality of fibre too Js generally reported to he
good. The total outturn, worked out in the manner explained m
previous years’ reports, is estimated at, 168,898 bales of 400 lbs. each,
showing a decrease of 13,229 hales or 7 26.per cent as compared with
,the preceding year’s estimate. The decrease in the estimated outturn
is not comparatively as large as in the aoreage, which is accounted for
by the superior condition o f the present year’s crop.
Quantities of Manufactures of Cot Month endino Nov. 30. 11 mot. endino Nov.30.
ton (colored ana uncolored)
1896.
1897.
1896.
1897.
exported to—
954,117 8,632.512 9,952.660
1,072,678
United Kingdom .................... yards
188.097
606,352
420
France.......................................
13,372 1,298,021 1,331,422
" ’5,011
G erm any................ ................ .
891,657 1,030.456
12,»-00
78.741
Other countries in E urop e... .
278.767 13,7.1,681 3S.009.547
399,751
British North A m erica.......... “
377.214 1,179,971 8,717,726 10,952,879
Central American States and “
British H onduras.................
406,783 5,396.901 6,854,979
489,759
,,
M exico........ .................
51,120 1,698,228 1,005,969
222.215
Santo Dom ingo........................
„
208.186 223,713
14,530
11,242
Cuba................................>••• „
292,390
3,000
67,487
2,610
°u e ito R ic o ..............................
13.0
2.174 10,217,309
926,818
1,361,548
Other W . Indies & Bermuda..
1.795,2*4 4.113,665
814,721 7,187,140
347,016
argentine Republic........
8.689,932
601,6*3
691,684
Brasil .............................................„
614,945 5,669,487 6.981.006
482,731
United States o f C olom bia... “
1,061,695 1,244,709 20,063 367 22.670,670
Other countries In S. A m erica
t
3,750.039 9.685,34 130,425,061 99,086,168
426,000 9,374.098 8.148,849
2,789.200
British Bast Indies................. “
10,983 2,430,010 1,432,761
31.065
Japan...
677.661
704.477
43,790
71,395
Brit. Posses’ns in Australasia “
1,644,367 1,155,605 20,063,667 16,955.8 2
oth er A sia and Ooeanioa....
17,148.'07 14,356,247
299,613
1,431,397
Africa..........................
„
115,732 4,921,786
1,461
Other countries........... .........
Total yards of above.
Total values of above.
Value per yard........... .
Values o f other M a n u fa ctu re » o f
Cotton exp orted to—
United K ingdom ......... . . . . . . . .
F ra n ce ..;................ .....................
(Jermany,........................ ............
Jther countries In E urope........
British North A m e r ic a ..........
Central Am erican States & British
H o n d u ra s...... . . . . . . . . . . . . . . . . .
vf................ ............ .
Santo D om ingo.................................
Cuba............................................ •••••
Puerto R i c o ... ................................
Other W. Indies and Bermuda......
Argentine.R epublic.
Brazil....
............. .
United States o f Colombia.............
Jther countries in So... A m erica.,..
China.............. . . . . . ............ . . . . . . . . .
British Bast Indies................... .
British Australasia.............. ............
Jther countries in Asia and
Ooeanioa...........
Africa.............................
>ther cou n tries...........................
16,200,719 18,937.978 269,164,731 257,994,048
1859,734 31,093,6o0 313,979,299 314,858,153
3*0577
3*0619
3*0577
3*0531
322,520
7t9
6,82
14,389
109,*85
10,794
340,689
1,210
12,105
1,920
84,357
13,142
3408,789
7.421
217,841
61,860,
1,418,4151
192,V35
3383,216
14.989
101.797
46,765
1,269,863
179,261
30,273
1,872
■ 774
29,784
279,922
6,116
47t
8,61t
7,35<
6,176
5.5*7
3,7(5
.3*4
14,303
15,021
2,709
78.619
41,923
51,644
46,650
4 0,626
• 19,078
,
1,986
166,261
309,934
24,864
41,980
5,172
77,322
54,053
66,996
41,309
, 53,977
142.658
3,278
123,575
27,739
11,756
1,76*
304.375
56.087
5,776
293,771
89,489
.14,876
210
7,601
1,430
*{,972
1,960
< ;»728
760
9
16,196
39,184
6,301
32
2,608
1,660
20,:-90
Total Value of other manufac
tures !of................................-r. ■ 3284,1|68 3280,432 , 33,427,3^6 $3,288,745
Aggregate value o f all cotton goods 31,143,903 31.374.082 317406,625 318,146,898
Exports of Cotton G oods from G reat B « itain .—Below
we give the exports of cotton yarn, good*, &c., from Great
Britain for the month of December and since January 1 in
1897 and 1896, as compiled by 'us from the British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
THE CHRONICLE.
January 22, 1898,]
Oloth.
Yam ScThread.
lo td l
Of AU.
OOOi om itted .
January......
February....
1897.
1896.
1897.
1896.
1897.
1896.
1897.
Lite.
Lbe.
Y d s.
Yd s.
Lbs.
L b ».
Lbs.
21,’ 81 22,69«
19,9 9 21,421
24,839 23,949
447.452
363,919
434,331
1396.
LI»
437,480 86,229 83,282
453,009 69,318 86,238
441,944 82,73- 84,132
108.410
89,257
107,578
Tot.l«t quar. 65,959 68,066 1,245,752 1,332,433 237,28« 253,652
April............ 22,623 23,40« 346,872 401,397 66,071 76 413
303,245
321,718
88,694
96.514
88,289
99,819
95.793
106,689
105,978
107,659
108,081
195
This statement shows that up to December 31 the receiptsat the ports this year were 650,211 bales more than iu 1896
and 2,036,460 oales greater than in 1895. By adding t©<
the t itals to Dec. 31 cne daily receipts since that time we
shall be sole go reacn an exact comparison of the movement
for the different years.
1897-98. 1896-97. 1895-96. 1894-95. 1893-94. 1892-93.
Ü
O
.
Dc.31
5,573,461
4,923,253 3,487,004 5,246,648 4,201,191 3,596,712
22,75« 21,756 387,227 389,01« 73,758 74,037
Jan. 1 ...
29,197
32,028
37,277
17,433
32,677
S.
20,718 23,678 354,74« 436,057 67,671 83,011
“ 2 ...
23,643
8.
20,903
13,524
19,798
17,430
Tot. 2d quar. 66,097 68,840 1,088,846 1,226.470 207,400 233,461 273,497 302.301
“ 3 ...
8.
32,62«
42,764
22,425
40,693
26,705
23,45» 23,573 406,900 483,983 77,505 92,314 100,958 115,887
4....
22,814
70,091
32,765
18,432
25,570
48,136
August........ 23,701 22,404 437,455 482,139 83,325 91,783 107,026 114,187
38.871
“ 5 ...
29,522
30,663
8.
23,071
18,183
September.. 21.598 22,»«2 372,406 447,002 70,934 85,095
92,532 107,397
“ 6 ...
38.991
23,228
22,088
23,347
S.
18,672
Tot. 3d quar. 68,752 68,279 1,216,761 1,413,124 231,764 269.19
“ 7 ..
300,516 337,471
21,672
72,279
22,568
S.
50,228
20,845
“ 8 ....
39,250
40,563
24,316
28,516
8.
32,88*
October. ... 24.234 23,469 390 514 417,049 74 390 79,77»
98,624 1034242
20,134
“ 9....
S.
13,449
32,704
22,841
November.. 27.952 21,514 432,148 397,483 82,314 75,668 110,266
17,406
97,182
December... 26,041 22,209 418,944 431,839 79,797 81,666 105,841 103,875
8.
“ 10....
61,416
20,36c
26,052
29,448
25,62T
30,427
48,892
39,407
17,079
“ 11....
17.085
11,509
Total 4th qr. 78,230 «7,192 1,241,«36 1,246,371 236,501 237,107 314.731 804.999
29,22)
46,064
25,203
“ 12....
8.
24,423
12,168
Total year. 279.03* 272,877 4,792,994 5,218,898 912,951 993,412 1,191,98« 1,285,7*9
33.9*6
20,574
18,455
8.
19,741
" 13....
27,993
Stockings and
906
1,191
52,159
40,56
16,118
24,870
“ 14....
8.
14,995
Sundry artlott
26,092
25,654
35,361
37,947
15,09 i
30,136
“ 1 5 ...
26,546
8.
25,160
Total exports o f ootton manufaot
S.
20,870
25,621
“ 16....
29.038
1,218,987 1,292,634
22,169
S.
23,471
44,401
27,619
“ 17....
26 662
23,121
The foregoing shows Chat there has been exported from the
13,332
40,742
26,965
49,068
21,40'4
12,529United Kingdom during the twelve months 1,218,987,000 lbs. “ 18....
8
20,486
27,973
34,1*7
36,526
12,466
of manufactured cotton, against 1,292,634,000 lbs. last year, or « 19....
23,197
18,827
18.278
8.
“ 20....
26,446
16,457
a decrease of 73,617,000 lbs.
.
13,572
24,358
42,676
53, 8«
8.
9,663
A further matter of interest is the destination of these “ 21....
exports, and we have therefore prepared the following
Total. . 6,379,149 5,376,441 3,855,793 5,876,15« 4,669,118 3,918.802
statements, showing the amounts taken by the principal P’eent’ge of tot port
countries during December and since January 1 in each of tbt
receipts Jan. 21.
7888
7t*47
74*55
78-04 1 76*47
last three years:
This
scaoemsnt
mows
mat
the
receiocs
since
¡Sept. 1up to
EXPORTS OP PIECE GOODS AND TARNS TO PRINCIPAL COUNTRIES IN
DECEMBER AND PROM JANUARY 1 TO DECEMBER 31.
to-night are now 1,002,708 bales greater than they were to the
same day of the month in 1897.
1897.
1*96.
1*95.
East Indies .......................... 205,402 177.81 4 13 .679 2,642.37« 2,294,772 1,98*318
Turkey, Egypt and Africa... 79,792 76,141 46.643 850.684 706,384 764.430
Europe (except Turkey).......
South America......................
North America ....................
All other oountries...............
2 4.8- >3
85,672
21,14 V
26,061
21,2H5
69,«77
29.646
29,932
22,261
46.278
27,110
32,*44
280.306
467,166
24-,747
374,477
2*7,491
607,06«
2*6,76»
887,431
627,223
274.8*6
«89,-43
3 6 543
362 874
Total yards...................... 418.944 431,839 410,269 4,792.994 5.218,39* 6,0*3,467
Total value . . , . ............... 23,935 24,284 24,022 245,829 251,196 ¿46,759
Holland.. .............................
Germany................................
Oth. Europe (except Turkey)
Bast Indies............................
China and Japan...................
Turkey and Egypt................
All Other countries................
Total lbs...........................
Total valne......................
3,428
A348
3.847
5,115
8,072
2 /2 9
1.904
3,089
3.457
3,642
2.647
2,623
1,091
3,336
8,900
3.821
3,124
1,177
2,555
1.932
86,980
39,479
44,799
60,68 <
34,0*9
29,198
17,337
1,10-
23,3*1 19.845 17,557
¿880
281*
2711
252,720
29,982
33,561
44,1 06
44 712
51,977
81,813
22,719
17,645
34,067
48186
52.764
44,418
32,491
23.514
16,661
246,432
210,045
261.989
29,291
T he Exports of Cotton from New York this week sh< w »n
increase compared vita ia«t wees, the total reachin» 18,886
bales, against 15,412 bales last week. Below we gi\t o r
usual table, showing the isports of cotton from New York,
and the direction, for eaoh of the last four weeks; also tbe
total) cports and lireotion unce Sept. 1,1897, and in th< Iasi
oolumn the total for the same oeriod of the previous year.
EXPORTS OP COTTON BALES) PROM ^EW CORK SINCE SEPT. I , IS 7 .
W eek E n ding—
Liverpool................
Other British ports
! Jan.
31. J 7.
Dec.
Jan.
14
! Jan.
! 21.
1,16010,177 4.0*7 3 706
1,027 3,770 2,632 3,306
Total
tin ee
Sept. 1.
Sam
p e r i‘ d
prent, us
yeai
109,831 129.004
36,910, 55,502
T ot . to G t . B rit ’ n. 2,187 13,947 6,719 7,012
Havre...................... 1,012 1,365 2,423 3,448
Other French ports..
......j
518
Total F rench ___ 1,012 1,365 2,4 ¿3 3,966
146,741
184,506
28,613
2,11*
15,987
30,731
Bremen.................... 2,151* 304 1,763 1,296
Hamburg.................
775 1,910
00 1,064
Other ports..............
350 1,746 2.814 1.299
3$,478
12,055
14,388
15,987
23,414
8 240
18,569
T ot . to No .J2uropk 3,276 3,960 4,677 3,659
833 4,249
800 .......
65,921
3*,250
8,805
50,223
46,297
538
6,279 2,360 1,633 4,249
45,055
46,835
Spain, Italy, Ao.......
All other.................
T otal Spain , Ao ..
1,976' 2,360
4,303
G rand T otal .. 12.754 21,632 15,452 18,886 288,448 297,551
Comparative Pout R eceipts a n » d a il y C rop Movement
M onthly
R eceip t».
fear B eg in n in g Septem ber 1.
1897
189«.
189a.
Bept’mb’r 786,702 912,4*6 383,886
October 1,424,907 1,468,51 1,202,46
Movemb’r 1,-76,90 1,286.251 912,75
Deoembr 1,584,948 1,256,000 987,899
Total. 5.573 4 4 4,923.253 3,487,004
V'oent'ge of tot.port,
receipts Deo. 31.. 72*23
64 64
Thermometer
Average».
September.
4
&
1894
1893
1892
518,76? 377,40* 405,355
1,622,66 <1,311,27’ 1,135,473
1,607,66 1,272,77 1,125,855
930.029
1.497.660 1,23 «,73
5,24o,64
66 56
1,206,191 3,596,712
70 21
70*19
N Ca k ’ l in a
1897
D 9 « (good)
1*95 (gO--d)
1*94 (fu 'l).
1*93 (g .od)
l>-92 (good)
8, Ca r ’l in a
1*97
189«(good)
1*95 (good)
1*94 (full)..
1*93 (good)
1802 (good)
«KOUOIA.
1*97....
1*96 (good)
1895 (good)
18*4 (full)..
1893 (good)
1892 (good)
FLORIDA.
1897..........
1896 (good'
1895 V od1894 (full)..
1893 (good)
1892 (good i
Al a b a m a .
1897..........
189« (good
1895 (good)
1894 (full'..
1898(good
1892 (good)
L o u is i a n a .
1897....
1*96 good)
1805 (g.>..d>
1894 (full).
1898 (good)
1892 (good)
Mis s is s ip p i
»897..........
189« (good
1895 (g- -od
1894 (full)..
1803 (good)
180%(good)
ABKAN8AS.
1897....
1896 (good
1805 (goo i
1804 (full).
18H3(good
1802 (good
Te n n e sse e .
1*07........
180« (good
1805 (go. >d
1894 (full)..
1893 (good)
1*92 (good)
TEXA8.
1807...........
1890 (good
1895 (gooo
1894 (full).
189.» (g o o 1*08 (good)
October.
November.
A
O)
9
p
December.
Q»
P
43-0
44*4
50-0
64-4
yuu 45*6
85-6 48*0
71 *«
71*6
74>
72*5
70 3
02*0
86*2
77.79-0
84-2
82-0
82*0
41-0
34-8
83-0
30*2
32-2
32*4
02-9
5-.1
56-0
00-3
50*0
58-8
75*2 27*2
' 0*4 30*'
70*8 2 -0
73*8 23 2
74*0 ( 2 *0
77*2 20*2
62.1
68*
51 0
48 2
48 7
48*2
08*4 21*8 48*0
00*2 l-*0 40*0
0V0 18*4 42*9*
7o*a 10*r 43*1
70*4 21*8 441
70*7 11*0 40*0
950
98 7
98-7
9»-8
91-8
87-0
48-0
49-0
«2 0
6HM
5«-7
65 3
72*0
7«-6
-.5-6
74*
72-3
88"2
83-8
80-4
87-2
84-0
83-4
456
383
40-0
40*3
34*3
85*o
00-9
03*2
01-0
04-1
04-3
6i'i)
78*0
81-0
77*2
75 9
77*3
80*8
31*7
36*8
26*4
2«*5
24*8
¿5 3
55«1 2
52 x
62-9
58*6
652
72*0
69-0
71*0
74*2
3*0
73 0
S8)
20 2
21 4
0*9
25*9
18*8
95*0
98*4
94-»
9293-5
88-3
47*3
47*7
62-6
585
57 7
55-8
74-4
7#*(
78*
70-4
700
72 3
*8-7
830
87*8
87«
85-8
8V7
47*7
41-7
4l*n
42-«
38*(
37-0
«7-4
04-1
0«*7
05-8
05.0
01-8
7 4*8
8 *
813
7o 0
78*0
8-1*0
34*3
88*i
30*8
20*4
27*.
28*4
56*7
«9-7
5*i*l
63*5
55*0
54 0
72*0
70*7
78*0
73*0
72*0
«9*5
3-)*7
23*o
2Ì*
v0
25 0
20*5
90-5
93-3
01 *
0»*»
92«
90 5
53-5
03 7
«4-8
04-0
68-4
0-iO
70-9
79 *
788
78-9
78*6
7<-3
87-0
80 0
87-3
87-0
Ml 8
80 3
54-8
52*3
50*«
53*3
50*7
4«-0
72*5
71-0
70-4
71-9
71-«
70*1
82*0
84 3
82*7
810
82-1
e3-6
49*»
60-0
35-,
35 3
30 3
80*8
67-2
6 9*4
«1 9
02-9
0 4
00-0
800
77*5
77*7
79*6
78*3
80*4
89** 60*9
36 0 57 7
28*7 54*2
68*9
3i*2 60*2
30*8 60
90-4
00V
9,*0
91*5
95"o
88*0
4»-2
47-2
47-4
6'-0
01-0
50-Ô
76 4
70-.
7975>
77*6
71-0
91-0
8 >4
87-4
*7-6
87*«
8« 0
42-8
30-4
40-2
4UM
3**6
37-0
0-**6
048
04‘f
04-5
0-1-5
00*
79 2
82*0
7i*0
77*0
77*6
79*4
3 i*0
27*0
24*0
2 7
29*
c0*0
56-7
58*«
56*4
53-4
00*8
¿4-8
73*0
74*4
71*2
7 *0
7 *0
75**
27*0
24 0
20 8
10*0
23*4
16*2
60*2
40*0
47*0
54*0
50*3
48*0
98-5
95*0
9 /HI
93-8
9 *4
9 lh
50•*
4«vh
49*8
64 V
57-4
Ò6-0
77 4
75 0
7H*h
75*4
7«-5
74*2
02 3
9089 8
80-8
*8-3
90>
48-8
4-1-3
43-0
40-3
44-0
388
72*1
672
04-100-7
«7*0
7-.*0
82*5
85 0
80»
80*8
h0*H
81*9
34 8
3d*7
31*3
34*0
3 VU
334
59.5
0O*o
67*-67*9
50 7
5V6
70 0
78*8
74-,
81*3
78*S
79 5
256
ÎÎVU
2'*
140
293
81*v
51*1
52*8
56*0
52*8
50*2
51*7
97 0
1000
98-8
9 -0
95-7
0)*7
45-*
89-5
43*
6ft-#
62*8
50-5
77 0
70-Ô
79-0
74*7
74*->
72-0
05-4
8i*8
0<-3
803
80 1
80-8
4'*0
388
31-3
36*.
34-0
31-4
09-3
«4 3
0 -1
02*9
03
00-1
83*8
*4*7
8i*;
78 2
80*8
79*8
202
2 it
<0*.
22*7
.5 7
27*0
57*4
5*4
54 a
5**w
52*7
51 0
70*7
77*3
75*8
78-4
77*3
77*3
22*0
2j*.
20
9-8
22*1
13*3
47*2
49*1
49*1
48*4
50*5
44*6
97*0
*8-0
908
9490-0
90*8
4#-*
8»-0
39 0
47*4
42**
Bl*0
74-9
72-5
78-6
7 3*0
72-0
7l*J
91-2
8V5
83*»
*8-2
87-2
87*0
87 2
35 0
33-8
31-2
34-8
30*4
08 6
04-8
60*7
01-7
508
0o*2
79 0 21*8 51*5
70*4 19* 51 7vo i.4‘9 50*9
70*0 24*0 40*7
70*4 22*1 4*0
74*8 25*5 51-5
71*8
71*0
8*4
71*8
70*8
72*0
19*3
18*«
17*4
4*0
17*8
12*2
40*4
44*7
48*1:
43*6
44*6
42)4
96-7
97‘ .
91-5
910
923
81-4
46 1
41*7
43 •
4'*0
45*6
47*1
74-7
71-8
72*
78*1
70-4
09*4
90*
81*7
80*0
84-3
8»-8
83-8
39-0
30-7
34-0
34-*
2*8
20-8
70*7
75*7
74*.
748
72V
74*0
85*0
187
24*
! 7#i>
19
19* <
51*3
5 lo
2-10
45 5
40 81
40*7
70 7
09*7
08*0
..7*i
«8*7
710
20*8
20*6
i«*7
8*0
18*5
10*0
48*1
44*6
42*6
41*8
42*0
38*5
5t*H
47*0
53*4
67**
•()-: 0 •()
03-6 55*8
77 3
78*
8-1-9
7779-7
70-1
92-7
88-3
887
92 0
w4‘4
9 )8
44-4
4. 3
45*8
40 3
41*5
39 9
65-0
59 3
56*0
60*21
580
61*1
j
78*0
00*7i
«5*6
7 *9
60*»|
09 0'
850
82 0
7**»
84*2
85*5
82 0
82*3 59 2
30 1 00 «1
65*01
28*4 S*-9
31 1 57-ul
3<-o 5»**l
75-7
70*9
76* «
79*1
70*1
79*9
2 ‘ *7
20* i
208
•2*7
20 8
10*0
47tS
52*7
50*9
3*7
55*4
50*
jf_
Yarn»—Lb*.
(000s omitted.)
E xported to—
A verages of Temperature and R ainfall .—A s o f interest
in connection with our monthly weather record, we have
prepared the subjoined table, which shows the State averages
of thermometer and rainfall in September, October, Novem
ber and December, for six years, 1892 to 1897, inclusive:
1Low.
Jan. 1 to Dec. 31.
1895.
1High.
1896.
96-4
94-4
95-*
91-6
95 8
04-4
«7-4
04-5
f
1897.
y
(000s omitted.)
1Low.
December.
Pises Goods—Yard».
17‘i
j
4
$
j_
&
ft
*
48*4
43*8
48*9
47*6
49*2
46*4
47*9
49*8
50*C
46*0
t # “ Ttte words “ foli’' and “ good” following ette years given «nove
mean dimply that the aggregate crop for the year named was full or
KvOd*
THE CHRONICLE.
196
C o t t o n M i l l S t r ik e s in N e w E n g l a n d .— I n several of the
H ew England cotton mill centres protest against the reduc
tion of wages has taken the form of strikes. A t New Bed
ford , Mass., all the mills are idle, and the same is true ot
Biddeford, Maine; while in Brunswick, Saco and Lewiston,
Maine, a portion of the operatives has refused to work.
■Some discontent is reported at Fall River.
J u t e B u t t s , B a g g in g , & c.—The market for bagging has
been inactive the past week.: There have been practically no
dealings, but prices are nominally unchanged at 4%c. for
lbs., 5 1 16c. for 2 lbs. and 5 ^ c . for f y i lbs. The market for
ju te butts has been quiet, but some transactions in paper
butts, have been consummated. Quotations are ‘750. to r
paper quality, lj^c. for mixing and 1%(&1% c. for spinning
•cuttings, to arrive.
S h ip p in g N e w s .—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 207,459 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
. bales
H ew Y ork —T o Liverpool, per steamers Cufle, 1,944 upland
and 151 Sea I s l a n d . . . . Taurlc, 1,344 upland and 267 Sea
To Hull,’ per steamer MartelTo, 1 , 0 9 4 . . . . . . . . .. . . . . . . . ---- To Manchester, per steamers Bellarden, 1,287— Herschei,
TTo Havre,"per steamers La Gascogne, 600 upland and 225
Sea Island— Tyr, 2 ,6 2 3 ....... . . ^ ....................................
[Voi». LXTVI*
and face o f ballast donkey, also repair bilge suction pipes and
see boilers properly secured.
_
Lochmore , steamer (Br.), which cleared from New Orleans for Havre
on Jan. 20. One bale of cotton in the hatch of steamer Lochmore
was discovered on fire. Fire extinguished without further
damage.
Cotton freights at New Y ork the past week have been
as follows.
Satur.
Tues.
Mon.
Fri.
Wednes. Thurs.
301
30t
30t
30t
30t
Liverpool,asked.d.
30t
30® 32
30® 321 30® 321 3 0 9 3 2 1
3 0 ® 3 2 i 30a>32
H avre................
35t
351
351
351
35t
35t
Brem en............ d.
301
30t
301
301
30t
301
H am burg......... d,
3212’
32*21
32*2t
32*2
32*21
32*21
Amsterdam.......
481
481
481
4SI
481
48i
Reval, V. Hamb .d.
421
421
42t
42t
421
42t
Do V. Hull.. d.
32*2t
32*at
32*21
32*2t
32*21
Rotterdam . . . . . d 3 2 *2 1
401
401
401
40t
40t
40t
G enoa............... d.
1364®732 1364®735 1864 ®73‘. 1364'®73i 1364® 7{ 2
Trieste........... d
*8
*e
*6
*e
'S
Antwerp............ d.
*«
Ghent,v.Antw’p.d.
532
582
b32
•"Sa
5sa
.53 3 _
g^
t Cents net per 100 lbs.
L i v e r p o o l .— By cable from Liverpool we have the follow
1,094
ing statement o f the week’s sales, stocks, &c., at that port.
Jan. 7.
Dec. 31.
3,448
55.000
300
9,900
51.000
7,000
63.000
854.000
738.000
153.000
138.000
332.000
330.000
Sales of the w eek......... hales.
Of whleh exporters to o k ...
Of which speculators took.
8a es Am erican.......................
Aotua export.......................—
Jan. 14.
55.000
1,700
2,100
51.000
7,000
77.000
910.000
792.000
140.000
129.000
312.000
300.000
Jan. 21.
67.000
900
4,400
63.000
5,000
62,000
3.000
1,500
55.000
Good
business
doing.
Firm.
6.000
To Genoa, per steamers Scotia, 550— Spartan Prince, 700
86.000
74.000
....W erra. 255....... .............. ....................... ...........-............ Ä
967.000
1,008,000
Total
stock—Estimated..........
To Naples, per steamer Werra, 450......................................-*•
gXX
852.000 885.000
Of which American—Estm’d
To Trieste, per steamer Pocasset, 200.....................................
gyx
148.000 121.000
Total import of the w eek .....
To Venice, per steamer Pocasset, 644............................... i —
134.000 105.000
N ew Orleans—T o Liverpool—Jan. 18—Steamers Astro) omer,
Of which American.............
292.000
292.000
5.500; Craftsman, 15,170....Jan. 19-Steam er LouisianAmount afloat........................
290.000 290.000
ian, 7,5 00 ....Jan. 20-Steam er Jamaican, 8,v50
. . . . . . . 36,420
Of which American.............
To Manchester-Jan. 12-Steam er Cairnerag, 4,000............. 4,000
The tone of the Liverpool market for spots and futures
To H avre-Jan. 20 Steamer Lochmore. 6,045..................... ” ’ 150
To H araburg-Jan. 19-steam er Chiverton, 150
793 each day o f the week ending Jan. 21 and'the daily closing
To Rotterdam—Jan.' 17—Steamer Georgios Michalmos, 793
2^1 prices of spot cotton, have been as follows.
To Copenhagen—Jan. 19—Steamer Kentucky, 2 3 1 .. . . . . . . . .
To Genoa—Jan. 15-Steam er Miguel M. Pinillos, 7 ,5 6 8 ..... 7,568
•Ga l v e s t o n — To Liverpool—Jan. 14—Steamer Dominic, 6,275
Sat'day. Monday. Tuesday. Wed'day. Thursd'y Friday.
Spot.
M
g Yucatan,
________>wf„
w_...............■ i____
11,658
.Jan. ■
15—Steamer
5,383................
To M a n ä ^ t e r —Jam 20—R e a m e r ^ ^ u rn in a , 5y067..............
5 067
To H avre-Jan. 17-Steam er Birchüeld, 6,078...................... 6,078
To Brem en-Jan 14—Steamer Beeforth, 6,105
............... 6,105
To H am burg-Jan 20-Steam er Darlington, 1,540........
1,540
To Rotterdam—Jan. 17—Steamers Fridtjof Nansen, 500,
Wastwater, 654................ .........— ■............................
T exas Citv , & c. - T o Mexico, Per railroad. 648
...................
648
-Mobile —To Liverpool—Jan. 1 5 - Steamer Huntcliff, 7,917....... 7,917
To Bremen—Jan. 19-Steam er Dalmally, 7,101..................7,101
f To Mexico—Jan. 15—Steamer Uto, 1 0 0 . . . . . . . . . . .
........
P ensacola—To Liverpool—Jan. 15—Steamer Alicia, 5,3 55 ..... 5,355
‘S avannah —To .Liverpool—Jan. 15—Steamer Dorset, 6,902 up
land and 262 Sea Is la n d ..........
......................................... >.164
,
To Barcelona - Jan. 18—Steamer Greatham, 7 , 6 2 5 . . . . . . . . . 7,625
B runswick —To Liverpool—Jan. 18—Steamer St. Regulus,
7 6 3 7 .--................................................ ...........................- ....... 7,637
•Charleston—To Bremen—Jan. 17—Steamer Suez, 5,400.......
<
Jan. 21-Steam er Cairnisla, 4,950........................|6,^5U
‘W ilmington—To Brem en- Jan. 19-Steam er Morven 12,388. . 12,388
NORFOLK—To Llvernool—Jan. 17—Steamer Aston Hall, 6,449 - 6,449
'B oston—To Liverpool—Jan. 12—Steamers Canada. 5,430; Pavonia, 9 8 9 ....Jan. 18—Steamers Cestnan, 8,156; Kansas,
2 617.
............................- .......................... — .. — ....... . 17,
To Yarmouth—Jan. 14—Steamer Boston, 8 0 ....Jan. 1 9 95
Steamer Boston, 15..................
- - - - -----iBiLTiMORE—To Liverpool—Jan. 19—steamer Ulstermore,2,bl2 2,612
4,155
To Bremen—Jan. 15—Steamer Roland, 4,155........................
901
To Hamburg—Jan. 19-Steam er Ambria.9 0 1 .. . . . . . . . . .. ....
To Rotterdam Jan. 7—Steamer Durango, 1 9 2 .... Jan. 13—
Steamer Patapsco, 8 ............................................ ^uu
'P hiladelphia —To Liverpool—Jan. 15—Steamer Rhynland,
239........ ............... ............... ......... ..................... .............. ----Ä-iy
S an F rancisco—To Japan—Jan. 15 -Steamer Belgio, 2,450—
2,450
To China—Jan. 15—Steamer Belgio, 5 0 .............. .................
P ortland , Me .—To Liverpool—Jan. 19—Steamer Scotsman,
1,136....*........................................................ - - - - - ..........
1»ldb
• T o t a l . . . . . . . . . . . : . . . . . . . . . . . . . - ......................- ................. .....2 0 7 ,4 5 9
The particulars of the foregoing shipments, arranged in
•our usual form, are as follows.
New Y ork.
N. Orleans.
G ’lv’t’n. &c
Mobile,
Pensacela.
¡Savannah..
Brunswick
■Charleston
Wilmingt’n
N orfolk —
B osto n . . . .
Baltimore.
Philadelp’ a
San Fran..
P orti’d,Me.
Great French, QerBrit'n. ports, many.
7,012 3,966 2,36u
40,420 6,045
150
16,725 6,078 7,645
7,917
7,101
5,355 .....................
7,164 ...................7,637 .................... . . . . . . . . . . . 10,350
.......................12,388
6,449 . . . ¡.................
17,192 .....................
2,812 . . . . . . 5,056
239 ................. . . .
1,136
T o t a l .:..119.858 16,089 45,050
Oth. W rope- nMexico,
North. South &c. Japan.
1,299 4,249 ................
1,024 7,568 ................ . . .
1.154 . . . . . .
648 . . . . . .
.............
100 . . . . . .
Total
18,886
55,207
32,250
15,118
5 35“
i : . : : : 7,625
14’,789
. . . ........ ........ . . . . . .
7,63
............
10,350
..................
12,388
....................
6,449
.....................
95 ......... . 17,287
200
..
7,868
............ .
239
....................
50 2,450
2,500
.......... .........................
1,136
3,677 19,442
893
2,450 207,459
To Japan since September 1 shipments have b .en 53,333
bales from Pacific Coast, 7,ICO bales from Pensacola and
! 8,297 bales from New York.
Below we give all news received to date of disasters to
vessels carrying cottoo from United States ports, &c.
1C a n a d a steamer (Br.), from Boston for Liverpool, had tire in hold on
t>-
Jan 15. Two hundred dollars w ill cover the damage to the
steamer. The fire was confined to two hatches, and the refrigerator where the Are started, will have to be rebuilt. Only one
bale’of cotton damaged by the fire and300 soaked with water.
OtoiilN ruiA steamer (Br.), from W ilm ington, N. C.,' for Ghent, with
3 *14 bales of cotton, pu tin at St. Michaels with high pressure
cylinder cracked beyond repair at that place; will renew valves
Market., } Moderate
1:45 p. M¿( demand.'
Quiet,
Moderate
demand.
Fair
business
doing.
Mid. Upl’ds.
3 732
3 782
33ie
33] 6
33,6
33,6
Spec. & exp.
8,000
500
10,000
1,000
8,000
500
10,000
500
12,000
1,000
8,000
500
Quiet.
Quiet at
1-64 de
cline.
Barely
steady at
1-64 dec.
Quiet at
1-64 ad
vanee.
Quiet.
Quiet.
1Easy.
Steady.
Quiet.
Futures.
Quiet at
Market, ? partially
1:45 P. M. ) 1-64 dec.
Market, ?
4. P. M. $
Quiet.
B arely,.
steady.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low M iddling
clause, unless otherwise stated.
s
|3p* The prices are given in pence and 64ths. Thus: 3 63 mean
3 63-64d., and 4 01 means 4 1-64<L
Sat.
Jan. 15 to
Jan. 21. - 12*3 1
M on.
T u es.
W ed.
F ri
T h u rs,
1 45 4 1:45 4 1 45 4
1:45
P.M. P.M. P. M. P.M. P.M. p M. p M. P M. P.M. P M, P M. P M
January.......
Jan.-Feb....
Feb.-Mch....
Moh.-April..
April-May...
May-June...
June-July...
July-A u g...
Aug.-Sept..
Sept.-Oct..>
O ct.-N ov...
Nov-. Deo ..
d.
3 10
3 09
3 09
3 09
3 10
3 11
3 12
3 13
3 13
3 14
3 14
3 15
4
1:45
4
d.
d.
d.
d. d. d. d.
3 10 3 10 3 09 3 08 3 08 3 08 3 07
3 09 i 09 3 09 3 07 3 07 3 07 3 07
3 09 3 09 3 09 3 07 3 07 3 07 3 07
3 09 3 09 3 09 3 08 3 08 3 07 3 07
3 10 3 10 3 10 3 08 3 08 3 08 3 07
3 11 3 11 3 11 3 09 3 09 3 08 3 08
3 12 1 12 3 12 3 10 3 10 3 09 3 09
3 13 3 12 3 13 3 11 3 11 i 10 3 10
3 13 3 13 3 13 3 12 3 12 3 11 3 l l
3 14 3 14 3 14 3 13 3 13 3 12 3 11
3 14 3 14 3 1 3 14 3 13 3 12 3 12
3 15 3 15 3 15 3 14 3 14 3 13 3 13
d.
3 08
3 07
3 07
3 08
3 08
3 09
3 10
3 11
3 12
3 12
3 13
3 13
d.
O 09
3 09
3 09
3 09
3 09
3 10
3 11
3 12
3 13
3 13
3 14
3 14
d.
J.
3 10 3 09
3 09 3 08
3 09 3 08
3 09 3 08
3 10 3 09
3 10 3 09
3 11 3 10
3 12 3 11
3 12 3 12
3 13 3 12
3 13 3 13
3 14 3 13
'BREADSTUFFS.
F r i d a y , January 21,1898.
There has been a firmer tone to the market for wheat flour
The volume of business transacted has been moderate, as
buyers both for the home trade and export have held back,
having been reluctant to pay advances asked by sellers to
conform with the higher prices for the grain. City mills
have had only a moderate sale, but values have held firm.
Rye flout has had only a small sale, but valúes have held
steady.
Buckwheat flour has been quiet and without
changes. Corn meal has had a fair sale at steady priees.
The speculative dealings in the market for contracts has
been only moderately active, but the tendency of prices has
been steadily upward, the strength of the situation being
based principally on the firmness of the advices received
from the European markets and a more active export
demand. Saturday prices made a fractional advance in
response to stronger foreign advices accompanied by buying
orders and a demand from shorts to cover contracts. Monday
prices made a slight farther advance on stronger foreign
advices and a more active export demand. Decreased offerings
from Argentina also had an influence. Tuesday prices advanced
U (cbK c.. as European advices were again stronger and un-
», ,
u B iS fiil
THE CHRONICLE.
J anuary 22, 1888,]
favorable weather conditions were reported in Argentina and
India Wednesday there was a dull market, and prices for
the day closed slightly lower nnder some selling to realize
profits. Thursday the tone was firmer, and prices advanced
K @ l 3ic . on moderate buying, stimulated by stronger foreign
' advices. The firmness of the cash markets also added con
siderably to the strength of the situation. To-day the mar
ket was higher during early ’Change in response to stronger
foreign advices. Towards the close, however, selling to
realize caused a reaction, and nearly all of the improvement
was lost. In the spot market exporters have been more a c
tive buyers and at higher prices. The close was firmer, with
sales for export here and at outports 150,000 bushels, includ
in g No. 2 red winter at about $1 04% f. o, b. afloat.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
January delivery......... c.
March delivery............c.
May delivery................. o.
July delivery................ c.
Sat..
Mon. Tues. Wed. Thurs. Fri.
99% ICO1« 1013« 101% 103
104%
96%
96%
97*2
97%
99%
99%
92%
92%
93
93
93%
93%
85%
85%
863s
86%
87%
88
197
chiefly for kerseys and beavers, which readily bring full
opening prices. Staple and fancy dress goods are being re
ordered in fairly liberal quantities, the distribution among
j ibbers showing a fair expansion during the week. Prices
are firm in all-wool goods, and in some instances are tending
upwards.
D om estic C otton G o o d s .— The exports of cotton goods
from this port for the week ending Jan. 17 were 4,322
packages, valued at $139,759, their destination being to the
points specified in the tables below :
N
e w
Y
o r k
to
J
an
. 17.
Great Britain................
Other European....................
China......................................
India.......................................
Arabia....................................
A fr ic a ....................................
West Indies............................
Mexico.............................
Central America...................
South America.......... ...........
Other Countries....................
1898.
1897.
Week. . Since Jan. 1 .
Week. Since Jan. 1 .
13
9
2 ,0 1 9
236
850
290
254
24
94
505
28
18
367
9 ,7 7 5
2
528
152
286
21
77
598
152
139
41
3 ,5 1 9
2 ,0 5 5
2 ,0 5 1
1 ,6 0 2
887
135
278
1 ,4 5 5
258
102
488
9 ,7 7 9
4
1 ,4 3 5
181
1 ,1 1 3
106
446
5 ,2 1 3
233
There has been only a small speculation in the market for
Indian corn futures, and despite the upward tendency to
wheat values the tone has been easier, prices having weak
ened in sympathy with the West, where selling by the coun
Total................................. 4 , 3 2 2
try and the large movement of the crop has been against
1 2 ,4 2 0
1 1 ,9 7 6
1 9 ,1 0 0
China, via Vancouver*___ —
3|050
prices. The export demand, however, has continued good
and has served to hold the decline in check. To-day the
T o t a l.............................. 4 , 3 2 2
1 2 ,4 2 0
1 1 ,9 7 6
2 2 ,1 5 0
market was quiet but steady. The stock market has been
* From New England mill points direct.
active, as exporters have been buying. The sales to-day here
The value of the New York exports for thé year to date
and at outports were 220,000 bushels, including No. 2 mixed
has been $443,«49 in 1893 against $822,410 in 1897.
at 35%@86%c. f. o. b. afloat as to time of delivery.
Business in bleached cottons has been devoid of absolutely
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
new feature, but the tone of the market is well maintained.
Sat. Mon. Tues.
Wed. Thurs, Fri.
Buying has been chiefly for small lots at previous prices, but
January delivery.........c............
33% 33%
33% 33%
33%
there is an increased interest in the situation manifested by
May delivery................ e. 34%
34
33%
33% 34
34
Oats for future delivery have continued quiet and the buyers. W ide sheetings are quiet and easy to buy. In brown
changes in prices have been o f an unimportant nature, as goods there has been some expansion to the general demand,
they have held steady in response to advices from the West but not sufficient to dispel an air of dulness that has
era markets, where there has been moderate buying, largely, prevailed for some time past. The steady tone of the
it was stated, for New York account. To-day the market market is well maintained, with sellers less easy to
was quiet and unchanged. The spot market has been fairly deal with. Cotton flannels and blankets continue slow
active and steady. Exporters have been buyers. The sales at unchanged prices. Kid finished cambrics are still weak in
for export to-day were 50,000 bushels heavy white clipped on an idle market. Fancy calicoes show an improved demand
private terms. No. 2 mixed in elevator closed at 28%c. and in the way of reorders, with prices holding steady. Fine
ginghams are taken in a quiet way, which in the aggregate
N o. 2 white in elevator at 29%c.
show fair results. Staple ginghams steady with a quiet
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat.
Mon. Tues. Wed. Thurs. Fri. business ruling. Print cloths have been more active during
May delivery..................c. 28%
28%
28%
28%
28%
28% the week, with prices tending upward. A t the close 2 % o
Rye and barley have had only a moderate sale, but values plus 1 per cent was bid for 64 square extras, with no sellers!
.have held steady.
F o r e ig n D r y G o o d s .—Buying continues on a limited scale
for all classes of foreign dry goods, but the price situation for
The following are closing quotations:
goods, whether manufactures of silk, wool or flax, holds firm
FLOUR.
throughout.
,
F in e......................... $2 80 @2 95
Patent, Winter...... $4 70 ®5 00
'Superfine...................... 305®3 10
City mills, extras . 5 30 ®5 40
Extra, No. 2 ................ 350® 3 70
Rye flour, superfine 2 40 ®3 15
Extra, No. 1 ................ 340@3 95
Buckwheat flour... 1 2 0 ®1 30
■Clears
........
4 05 ®4 30
Corn meal—
Straights...................... 4 20®5 00
Western, eto........ 2 00 ®2 05
Patent, Spring....... 4 85 ®5 60
Brandywine
2 10
[Wheat flour in sacks sells at prices belo w those for barrels.]
Wheat—
o.
Hard Duluth,No.l. 104%®
Red Winter, No. 2.102% ®
Hard Man., N o.l. 103 ®
Northern, do. 1 ... 99%®
■Oats—Mix’d,per bsh. 28 ®
White........ .......... 29 ®
No. 2 m ix e d ....... 28%®
No. 2 white........... 29%®
o.
Com, per bush—
o.
o.
106%
Western mixed............ 33 ®37
104%
No. 2 m ixed.................33%®37
104%
Western Yellow....... ..34% ®36%
101%
Western White............ 34%®36%
30
R ye32
Western, per bush___55%®55%
29%
State and Jersey.........51 ®54%
30% Barley—Western .. . . .. . 4 3 ®54
F eed in g ........................34%®35%
For other table« nauallv given here aee page IfiS.
T HE
DRY GOODS TRADE.
N e w Y o r k , F r i d a y , P. M., Jan. 21, 1898.
A more cheerful tone is imparted this week to the general
market both by the improved attendance of buyers and the
reports coming forward of a more liberal distribution through
out the chief distributing centres in the West. Mail orders,
too, confirm this, these being accompanied by advices to
hasten shipments. W hile prices are without material im
provement, there is a less pronounced tendency on the part of
sellers to grant concessions in the way of more liberal
terms on dating. The labor troubles among operatives in
Eastern mills is being closely watched, and it has not been
without its good results in the general situation. The mar
ket for print cloths shows hardening tendencies, and sales for
the week have been larger than for several weeks past.
There are no open changes recorded in other lines of cotton
goods, but the market shows less irregular conditions. Prints
in the fancy calico lines are now taken to meet supplementary
requirements with prices well maintained. Woven cotton
fabrics are working into good shape, the reorder demand
showing a fair expansion in the week’s business.
W o o l e n G o o d s .—Men’s-wear woolens and worsteds are
getting well under order, particularly in the lower grades,
many lines of which are sufficiently under contract to war
rant their withdrawal from the market. The better grades
o f Clays and fancy worsted styles still remain to be shown.
The price situation ip firm throughout the woolen goods di
vision of the market, and any irregularities noted is due
more to a readjustment with values in accordance with com
peting makes than any declines in prices.
In over•coatings business has ruled generally light, the demand being
Im p o rta tio n « a n d W a r e h o u se W it h d r a w a ls o f D ry flo o d s
The importations and warehouse withdrawals of dry goods
at this port for the week ending Jaa. 20, 1898, and since
January 1, 1898, and for the corresponding periods of last
year are as follows :
THE CHIIOMO l K
1»S
St>»te akd City DEfAMtmnr.
(V ol . LXYI,
cently funded $203,000 of the bonds, had no legal existenceafter January 1, 1897. Judge Little in his decision adjudged
the acts of the Commission fully valid.
TERMS OF SUBSCRIPTION.
The I n v e s t o r s ’ S u p p l e m e n t w ill be furnished w ith o u t
e x tr a ch a rge to every annual subscriber of the C o m m e r c ia l
an d F i n a n c ia l C h r o n ic l e .
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 a lso b e fu r n is h e d
w ith ou t e x tr a ch arge t o e v e r y s u b s c r ib e r o f th e C h r o n ic l e .
The 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 likewise be fu r
nished w ith ou t e x tr a ch a rg e to every subscriber of the
C h r o n ic l e .
■.
_ ■
,
... .
.
The Q u o t a t io n S u p p l e m e n t , issued monthly, w ill also oe
urnished w ith o u t e x tr a ch a rg e to every subscriber o f the
C h r o n ic l e .
. ,
„
.
,
TERMS for the C h r o n ic l e with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
_______■
Terms of Advertising—<Per inch space.)
Transient matter (1 tim e).. $3 50 1Three Months (13 times). .$25 00
s t a n b in o BUSINESS c a r d s .
Six months
(26 tim es).. 43 00
Two months 18 times).......... 18 00 1Twelve Months (52 times). 58 00
Cleveland, Ohio.—B o n d L itig a tio n . —On January 18, 1898,
suit was entered in the Court of Common Pleas by A. J.
Thompson, a taxpayer, to restrain the Public Library Board
from issuing bonds for a public library building. On Jan.
20,1898, the Cleveland “ Leader” stated that the petition in this
case was based upon a recent action of the Public Library
Board. On Jan. 10 the board rescinded its action to sell $ 35 ,0u<*
bonds, and adopted another resolution declaring its intention
to sell $100,000 bonds, and to levy a tax to create a sinking
fund for the payment o f these bonds. The petition alleged
that the board was doing this without the authority of law.
The Library Board, through Judge Phillips, made answer
Tuesday, admitting that the Board was about to sell the
bonds in question, and alleging that it has authority to do so
under an act o f the Legislature passed April 22, 1896.
To this answer the plaintiff filed a demurrer, denying the
constitutionality of the act of the Legislature under which
the Library Board claims power to act. Judge Phillips and
Judge Blandin appeared before Judge Neff on Tuesday after
noon and by consent of all concerned Judge Neff overruled
the demurrer, thus sustaining the answer made by the
Library Bbaird. The Circuit Co art has affirmed the jddg
ment of the Common Pleas Court and the case has been
taken to the Supreme Court, where it will be heard at an
early date.
. . _
Greenwood, S. C.—B ill to V a lid a te B on d s.— A. bill has
been introduced in the Legislature approving the action of
the Tow n Council of the town o f Greenwood in the matter of
the contract for the erection of a court house and jail for the
county o f Greenwood, and to declare the bonds issued in pur
suance of the contract a valid debt of the town of Greenwood.
Stanley County, N . Q — T em p ora ry In ju n c tio n ..—Oa Jan
nary 18,1898, Judge Simonton of the United States Circuit
Court at Charleston, S. C., on motion of Charles Price. A*
torney for W. N. Coler & Co., New York, granted an in
junction restraining the county from disowning $100,000
railroad-aid bonds. The bonds were recently declared illegal
by the State Supreme Court, which held that the constitu
tional requirements as to the passage of the Act authorizing
the issue were not observed. See C h r o n ic l e Dec. 25. 1897
Waxahachie, Texas.—B o n d L itig o tio n . —In the C h r o n ic l e
January 8,1898, we stated that sait had been entered ag*i'*s
the city by W. N. Coler & Co., New York, to recover on
$48000 railroad aid bonds. Mr. E. A. DuBose, Mayor of tin
city, in reply to our inquiry says: “ These bonds were issued
by special act of the Legislature in 1875. In 1876 the presen
Constitution was adopted, which prohibited municipalities
from subsidizing railroads. A ll of the railroad bonds wet>
not issued, nor was the railroad built until 1879, after, o'
course, the Constitution of 1876 had gone into effect. Our city
authorities have done what they could to gain the approval
of the Attorney-General for the refunding of the bonds, but
have failed. W e admit the justness <f the debt and ar«
anxious to pay the debt, but cannot without refunding th
old bonds.” Mr. Dubose says that the case will come ,uj
for trial in the Federal Court at Dallas on February 21, 1898
and that they “ hope after said trial to be able to refund and
pay off the old bonds.”
, _ HI
W ebb (T ow n ) N. Y.— B on d s W ill N ot B e Issu ed .— In th
suit recently taken to the Court o f Appeals to compel tbi
Supervisor of the town to issue bonds in payment f o r ' h* con
struction of a proposed highway, Judge Bartlett (the othe.
Judges concurring), sustained the Supervisor in his relu-al
to issue the bonds. The Court rests its opinion on the fac
that the Commissioners of Highways did not comply with th
conditions o f the act authorizing the work, having entere
into contracts with two firms after rejecting all bids, and a
prices, it is stated, considerably in excess o f the lowest bid s
r6^avapai County, Arizona.—B o n d s L eg a l —On January 8
1898, Judge Street, in the District Court, dissolved the tern
orary injunction which was recently granted pending
ecision involving the validity of $358,000 bonds issued i
subsidy of the defunct Prescott & Arizona Central Railroad
The county’s attorneys claimed that the original issue wa
illegal, and that the Territorial Loan Commission, which re
S
Bond Calls and Redemptions.
B arry County (M o.) School D istrict No. 2 .—B o n d C a ll .—
Bond No. 1, for $100, issued June 2, 89 -, is called for pay
ment February 1,1898. Interest is at 8$.
Comanche County, Texas .— Bonds B e teem ed. —Oa January
11, 1898, the county redeemed $1,00) court-house bonds held
by the State school fund.
Eldorado Springs (M o.) School D istrict.— B on d C all.—
Bonds Nos 5 and 6, for $500 each, were called for payment
January 1, 1898, on which date interest ceased. Bondis bear
6$ interest and are dated June, 1*8?.
Hannibal, Mo.— B on d Call. —The city will pay January 30,.
189) (on wh ch date interest will cease), 5% $1,000 bonds Nos.
1 to 3, dated July 30, 1892.
H artford, Conn.— B onds R ed eem ed .— The city has re
deemed $15,000 5# water bonds maturing Jalv 1,1906, but
which are now subject to call. Bonds were held by the
Connecticut Trust & Safe Deposit Co.
H olt County (M o.) School D istrict No. 2.— B on d C all .—
Interes-. ceased January 1, 1898, on $100 8% bond No. 2'
issued in 1893.
Indiana.— B ond R ed em p tion . — As reported in the C h r o n
ic l e January 8, 1898, the State Treasur* r will redeem $200,000 of bonds on January 25, 1898. These bonds are 8% tem
porary loan bonds issued in 1889. They mature September20,1899, bat are now subject to call.
L incoln County, Ore.— W a r r a n t C all. —It is staged that
County Treasurer Griffith has called for payment all the out
standing warrants of the county.
Monett, Jasper County, Mo.—Bo-id Cad.—The city
called for payment January 1, 1898, bonds Noi. 1 to 14, in
clusive. Securities are in denominations of $1,000, dated
July 1,189), and bear 1% interest. Interest ceasel January
1, 1898.
Mnscatine, Iow a.—B on d s R ed eem ed .— W e are advised by
Mr. Bert. C. Benham, City Clerk, that the city has re itemed
$4,0 0 of the $337,600
railroad-aid bonds issued m 1873 and
maturing October 1,1898. Mr. B enham says tnat the city is
baying these bonds at par and accrued interest whea »ffered
and will try and redeem $37,600 of the issue prior to matu
rity, leaving $300?0 ;0, which the Council will take action
towards refunding after the commencement of the new
Council year, March 16,1898.
Omaha, Neb.— W a rra n t C all.— City Treasurer E l wards
has called for payment over $30,000 warraats drawn on dif
ferent funds.
Ray County (M o.) School D istrict No. 1.— ' on d C a ll .—
The district called for payment January 1, 1898, a $200 8%
bond No. 3, dated May 4, 18a5. Iot-rest cease i Jaa l, 1898.
Salisbury City, Mo.—B on a C a d .— B »nds Nos. 1 to 3, dated,
February 1, 1892, are called for payment February 1, 1398, on
which date interest will cease. Bonds are for $500 each and,
bear 6% interest.
Sullivan County, Mo.—B o n d C all.— The county has called,
for payment February 1,1898, $1,000 bo ids N « . t to 160, in
clusive. Securities are dated February 1, 1888, and oear 5#
interest. Interest will cease on February 1, 1893.
W arrensburg, Mo.—B on d C u ll. — Bonds Nos. 6 to 50, dated
December 2*', 18^9, and bearing 5% interest, were called forpayment January 15, 1893, on which date interest ceased.
Bonds are in denominations of $50).
Bond Proposals and Negotiations this*
reek have been as follows:
Albany County (P . 0 . Albany), N. Y. B<md O fferin g .—
Proposals will be received until 13 M February 15, 1-98* by
S. L. Barckley. County Treasurer, for $36,000 4% bonds. Sejurities are issued under authority of Chapter 635. L tw s of
1892, and a resolution adopted by the B >ard ot' S i per visors
December 8, 897, and are to refund war loan bonds maturing
March 1, 1898. They will be registered, and vill mature
tl •00 annually on March 1 from 1899 to 1916, inclnsive, and
18,< 0 on March 1, 1917. Interest will be payable semilDA?bany Ga.— B on d S a l e — Messrs. Rudolph Kleybolte &
Do and Edw. C. Jones Co. of New York have been awarded
¡59 00“ H refunding bonds. Securities mature January 15, 921.
Allegheny (Pa.) Thirteenth Ward School District.—
B onos A u t nrized —The Board of E lucacion of this district
ias authorized the issuance of $37,0 O sch )ol-house bonds.
The present debt of the district, it w stated, is $11,000 and.
che assessed valuation about $1,700,000.
Allentow n, Pa.—N o N ew B on d s — We are advised that the
bill, recently introduced in Councils p ovidiug for tae issutuce o f $350,00) sewer and street improvement boads has
•een reported negatively by the Finance Committee, to which
-1. was referred.
Anderson, S. C.— B on d s V ted . —Oa_ January 6 1*98, thety voted overwhelmingly in favor of issuing $-50 00 ) bm as
u aid of th~> Black Diamond Railroad. It is s ate l that the
.ends will be held in escrow until the r o * i is completed to
VAshTand, Ky.— B on d Sale.— On Jaau iry 17. 1*98, $6, 09 6£i
anding school bonds were awarded to Seasoagood & Mtyer*.
Cincinnati, at 109-25. Following are the bids:
J
a n u a r y
22,
1898 j
THE CHRONICLE
199
the $100,000 4% notes were awarded to Rogers, Newman &
Tolman, Boston, at 102-60. Following are the bids:
n T w i £ l eJ
w
UY*ork TT. 100-25 ' Ed. C. Jones Co. Cincinnati.. ... 100'90
& a^nWL e w i ? & & NC h ic^ ok:: : M M » j W . J. H ayes & Sons,Cleveland..m o-98
Ashland National Bank.............. 100 w 1
♦Bid rejected
Tlmifls are in denominations o f $500, dated December 1,
1897° ¿nd maturing December 1, 1907. M n cip a l and semi-
annual in t e r e s t will be payable at the Merchants National
Rogers, Newman & Tolman, Bos.102’600 I Third National Bank, Boston... .102*135
Blake Bros, ft Co., Boston..........1<'2-450 N. W . Harris ft Co., B oston........102*075
Blodget, Merritt ft Co.. Boston. .102-434 Longstreet, Stedman & Co., Bos.102-073
E. H. Rollins & Sons, B o sto n ... 102*413 Estabrook ft Co.. B o s to n .,.;...... 102*067
Parkinson & Bnrr, B oston..........102-277 C. B. Wilbar. B oston ...................102*041
City o f Fall R iv e r........................ 102-250 Seymour Bros, ft Co., N. Y ........101*75
Adams ft Co. B oston...................102-223 C. H. W hite ft Co.. New York... .101-50
B ristol County Savings Bank....102-150 S. A . Kean, C h ica g o ..................101*50
R. L. Day ft Co., B oston............... 102-137
A telegraphic bid of 102-289 was received from Jose,
1898, we stated that $82,000 5^ judgment bonds had been Parker & Co., Boston, but was not in accordonce with the
issued up to December 17,1897, to those holding judgments requirements of the official notice. Bonds mature January
» gainst the citv. W e are advised that the total amount 18,19(2. For further description of bonds see C h r o n ic l e
last week, p. 148.
issued to January 15,1898, was $38,250 as follows:
Brunsw ick, Mo.—B on d s D efea ted .— On January 11, 1898,
at
a special election the question of issuing $5,000 water
a
s fcareASar*... ::::::
S ISTS.ISfentSfe::::::: «
? n ^ ^ T > iiD e w A sh la n d
........ 27.000 J. H . Younker, Ashland............... 1,260 works and electric-light bonds was defeated.
Tho's^H?Gdl^MUwaukee! . . . . .i ••
John Canfield................................... 150
Cabell County, W. Ya .— B on d s P ro p o sed .— It is stated
J ohn Hyland et ........................... 4,8501
These bonds are part of the $120,000 issue advertised for that $50,000 bonds for the completion of the court-house will
sale in October 16, 1897, when only one bid was received, and probably be issued this year.
Cairo (C ity) 111.— B o n d O ffering.— Proposals will be re
that one conditional, and the bonds therefore were not
awarded. See C h r o n i c l e October 23, 1897, November 20, ceived until 7:30 p. m . January 22, 1898 (time extended) by the
Finance Committee of the City Council for $53,000
antici
1897, and January 1, 1898.
' ¿ 0 ! .^ ¡2 t i
Atchison, Kan .— P ro p o sed R e f u n d in g o f B o n d s.— On July pation warrants issued for levee improvements. Securities
1 1898, $192,450 7# bonds mature. Local press reports state are issued pursuant with an act o f Legislature approved
that holders of $100,000 of these bonds have signified their June 11,1897, and authorized by ordinance approved Dec. 17,
willingness to exchange them for 5% refunding bonds, but 1897, and by a vote of the people at a special election held
that the city officials are endeavoring to get them to accept October 1, 1897. Interest will be payable annually on July
4$ bonds, as the city recently disposed at a premium of an 1 and the principal will mature $13,000 yearly beginning
July 1, 1898.
issue bearing this rate. t
, ,
Cambridge, Mass.— T em p ora ry L o a n .— On January 11,
Avalon, P a —Bond E lectio n .—An election will be held
February 15,1898, to vote on the question of issuing $26,000 1898, William W. Dallinger, City Treasurer, negotiated a loan
of $100,000 at 2-90# discount. This is part of the $800,000
sewer-improvement bonds.
,,
B ellev ille, N. J .—Bond Bale.—The township has sold $11,- loan recently authorized and matures October 11,1898. Mr.
000 4 % t ten-year street-improvement bonds to the Fidelity Dallinger says tliat the remaining $700,000 will be borrowed
in such sums and at such times as may be needed.
Title & Deposit Co., Newark.
Cincinnati, O h io .- B o n d S ale.— On January 10, 1898, the
Bethlehem, ¥ a..— T em p ora ry L oa n .—The borough has ne
gotiated a four-months’ loan of $8,000 with the First National Sinking Fund Commissioners accepted $70,000 o f the $400,000
bonds issued for the improvement ¡of Spring Grove Avenue.
Bank of Bethlehem at the regular bank rate of discount.
B o n d s A u th o riz ed .— The Board of Administration has
Beverly, Mass —No New L o a n .— W e are advised by Chas.
F Lee, City Treasurer, that he will not negotiate the $15,0o0 passed an ordinance providing for the issuance of $1,848 30 4%
loan recently authorized to meet current expenses. He says 1-10-year (serial) bonds for the improvement o f Hazelwood
that the emergency has passed and the money w ill not be Avenue.
Cleveland, Ohio.—B o n d s P ro p o sed . —Local press reports
Q66di6(li
Binghamton, N. Y .— B on d S ale.—O n January 17, 1898, the state that Councilman Reynolds has prepared •-■a <resolution
$50 000 4% coupon City Hall bonds were awarded to Estabrook recommending the issuance of $50,000 bonds for a water-way
or piping to carry off the shed water from Giddings Brook.
& Co., Boston, at 113-61. Following are the bids:
Clinton, m r .—B o n d Issu e.— The city has issued ten $800
O. Jones Co., New Y ork.. 111-711
Estabrook & Co., B oston ...... ••: J3-2 §1! Edw.
bonds to the Clinton Water & Light Co. inpayment of fire
W hann & Schlesinger. N. Y .. . .. .113 581 Binghamton Savings Bank...... 111-70
Benwell
&
EverittTNew
York..
111-659
Farson, Leach & Co.. New York.l|3 13
hydrants for city use. These bonds do not bear any interest
Blake Bros. & Co., New York....118-OS The LamprechtBros. Co.. Clev.. 111*15
Rudolph Kleybolte ft Co., N. V. 111-13
and will mature one yearly from 1899 to 1908, inclusive. The
Geo. M. Hahn. New Y ork ........... 113-03
Street,
W
ykes
ft
Co,,
New
York.
110*91
E. H . Gay & Co., New Y ork .......113-00
bonds are payable at the Clinton Bank, Clinton.
L. W . Morrison, New Y o r k .......113-00 HenryCiews & Co.,New Y ork.. 109*73
Colorado Springs, Col.—B o n d N ew s. —W e ate advised by
Dietz, Denison ft Prior, Cleve .. .112-836 W . J. H ayes & Sons, Cleveland. 108-30
107*00
S.
A
.
Kean.
Chicago...................
N. W. Harris & Co., New York. .112-83
Chas. E. Smith, City Clerk, that the election to vote on the
Onondaga Savings B a n k ......... 106-95
Verm ilye & Co., New Y ork........112*79
f 1923 bonds. lli"o 6
question of issuing $35,000 school bonds called .for December
Seasongood ft Mayer, C ta cin .... 112*42
I 192* bonds. 111-83
Bertron & Storrs. New York ...112 39
28,1897, was not held, owing to an enror in not complying
Mason. Lewis ft Co., C hicago... .112"389 Auburn Sav. Bk. < 1925 bonds. 112-11
1926 bonds. 112-38
with the statute governing school elections.^ Mr. Smith says
Blodget, Merritt ft Co., Boston. .112-35
, 1927 bonds. 112-64
Leland, Tow le ft Co., B oston .. .112-162
T.nnffat.TflAt,. Stpflmiin ft Co..Bos.*H3"883 that another election will probably be held in April.
Culpeper County, Ya.—N ew s. —A bill has been favorably
* Bid inform al and rejected.
Bonds mature $10,000 yearly on August 1 from 1923 to 1927, reported to the House of Delegates authorizing the Countyinclusive. For further description o f bonds see C h r o n i c l e Board of Supervisors to levy one special tax for the payment
o f the interest and principal of the bonded indebtedness of
January 1, 1898, p. 46.
B lackstone, Mass.— B on d s A u th o r iz e d .—A t a town meet Catalpa school district.
Dayton (C ity) Tenn.— B on d O fferin g. —W e are advised by
ing held January 16, 1898, the Treasurer was authorized to
issue $12,000 bonds for the building o f a water-works system R. D. Kennedy, Mayor, that the city will r ceive bids at any
in Millville. Bonds will manure $1,000 yearly for the first time for $50,000 4% 30-year bonds. Mr. Kennedy says that
the charter provides for the issuance of bonds at 4%, and that
four years and $2,0u0 yearly thereafter.
B lakely (B orou gh), Lackawanna County, P a .— B on a E lec they must be sold for at least par. Interest will be payable
t i o n .—The Borough Council recently passed an ordinance in Dayton.
:
Dayton (O hio) School District.—Rond Sale.— On January
providing for the submission to the voters at the February
15, 1898. the 27,OK) 4% deficiency bonds were awarded to the
election the question of issuing $15,000 electric-light bonds._
Bloom field, N. J .— B on d s P ro p o sed .—The question of is Atlas National Bank, Cincinnati, at 103*797. Following are
suing bonds for public improvements is beiiig discussed by the bids :
» »*>
Atlas Nat. Bank, Cincinnati..$28,025 50 Bdw. C. Jones Co., Cln ; ...... .$27,510 00
the tax payers of Bloomfield.
/
Die'z,Denison & Prior Cleve. 27,407 00
Seasongo
'd
&
Mayer,
Cin...
.
27,927
76
Bozeman, Mont.—Bond O fferin g ,—Proposals will be re S. Kuhn & Sons, Cinçlnnati.. 27,u2l <0 W . J. Hayes & Sons, C lôv e... 27,387 00
ceived until 12 M. February 15,1898, by Geo. D. Pease, City W estern German Bank, C ln .. 27,91'' 50 Estabrook ft Co., B o s to n ..... 27,341 00
Rudoiph Kleybolte & Co.,Cin 27,'-85 37 Third Nat. Bank, D a y to n ..... 27.010 00
i Clerk, for $56,(00 6# water works bonds. Securities are TheLam
prechtBros.Co..Clev 27.515 70
issued to complete the purchase of the plant of the Bozeman
Bonds
mature January 15, 1910. For further description
W ater W orks Co. and for the improvement of the plant.
T hey are in denominations o f $l,00u dated February 15, 1898. o f bonds see C h r o n ic l e December 25, 1897, p^ 1282.
Dedham, Mass.—Rond O fferin g .—Proposals will be re
Principal matures February 15,1918, subject to call after 10
years. Principal and semi-annual interest will be payable ;at ceived until 4 p . M. January 25, 1898, by this town for $7,550
the City Treasurer’s office or in New York City. ‘ Upon the 4% improvement loan notes. Notes will bo dated January 26,
sale o f the above bonds the city assumes $l<*4,00ii
out 1^98, and will mature $2,550 on November 26, 1898, 1899 and
standing bonds of the Water Works Company, which ma- 1900.
Dickinson County, K an — B o n d S a le.— The county has
; ture in; 1910 but are redeemable in 1900, The true value of
sold to Spitzer & Cotj Toledo, $276,000 5# refunding bonis.
the plant is stated to be about $2,500,000.
Dickinson County (Y a .) Clintwood School. D istrict.—
B radford, Pa .— B on d s D e fe a te d .—A t a recent meetingiof
the Common Council the ordinances providing for the issu- B on d s A u th o riz ed a n d A p p r o v e d .—The Governor has signed
v ance of $32,00 > municipal bonds and $25,000 electric-light- the bill recently passed.by the Legislature authorizing the
School Trustees to issue bonds for the completion o f a schoolbonds were (defeated.
• *
•
,
B radford (P a .) School D istrict .— B on d s A u th o r iz e d .— O n house in this district.
Dracut, Mass.— N ote S ale .—The city on January 13,1898,
January 7, 1898, the Board of School Control authorized the
issuance of $16,800 $$ bonds for a school building and_ pro borrowed from the Lowell Institution for Savings $12,000 at
vided fpr submitting the question o f issuing an additional 3*55# interest. Loan matures five years from date of issue.
Dubuque, I o w a .- B o n d Sale.— The city has sold to W m. L.
. $25,000 bonds to a vote of the people. The $16,800 bonds ma
ture as follows: $800 A pril 1, 1900; $1,500 April 1, 1902; Bradley, a local investor, $2,75<) 5# street-improvement bonds.
, $1,500 April 1, 1904; $2,000 April 1, 1906; $1,500 April 1,1908; Interest will be payable semi-annually at the office of the City
$2,000 April 1,1910; $2,500 April 1, 1912; $2,500 April 1, 1914; Treasurer, and the principal matures seven year^ from date
$2,500 April 1,1916. Interest will be payable April 1 and of issue, but bonds are subject to call at any time.
Durand, M ich .- B o n d s V o te d .—On January 10, 1898, at
October 1.
^
*■>■■■ i B ristol County, Mass.— B o n d S ale .—On January 17,1898, a special election the citizens voted in favor of Issuing $1,500
B&A ahland^Wis. - B o n d S a l e — In the C h r o n ic l e January 1,
200
THE CHRONTflT/R
'bonds for the extension o f the electric-light system. The vote
was 80 to 25 in favor of the proposition.
East Newark (B orou gh), N. J.—B o n d S ale.— The borough
has sold an issue of $10,000 o% street improvement bonds.
East Orange, N. J .—B o n d S oles. —It is stated that on Jan
uary 15, 1898, the East Orange Township Committee sold
$100,000 Ay%% one year bonds to the Secuiity Savings Bank,
Newark, at ] 00*125. The township also sold $18,( 00 5% sewTtr
bonds to Farson, Leach & Co., New York, at 102, and $3,( 00
o f the same issue to the East Orange Sinking Fund Commis
sioners at 100.
Elwood, Ind.—B o n d s A u th o riz ed —The Council of this city
has authorized the issuance of $15,000 additional school
bonds.
Everett, Mass.—L o a n N egotio ted . —On December 81, 1897,
the city negotiated a one-year note for $2,000 with the Everett
Saving Bank. Note was issued to cover overdrafts on the
Poor and Contingent Departments.
Fayette, P a .- B o n d E le c tio n . —On Jan. 13, 1898, the Coun
cil passed over the Burgess veto an ordinance providing for
the submission to the people on February 15, 1898, of the
question of issuing $12,0^0 water-works bonds.
Fitzgerald, Ga.— B on d O fferin g. —In the C h r o n ic l e last
week we stated that bids would be received for $9,000 6#
bonds. W e are now infoimed that proposals will be received
until 7 p . M. January 25, 1898, by C. C. Goodnow, Mayor.
Bonds w ill be dated February 1, 1898, and will mature 10
years from date of issue. Interest will be payable semi
annually in New York City.
F oxboro, Mass.— T em p ora ry L o a n . —The city has nego
tiated a loan of $5,000 with Blodget, Merritt & Co., Boston,
at 3 1-10# discount. The loan was effected in anticipation of
the collection of taxes and matures September 20, 1898.
Freedom, Pa.—B o n d Sale. —On January 12, 1898, $9,000 5%
paying bonds were awarded to W. J. Hayes & Sons, Cleve
land, at 101'27. Following are the bids :
terest will he payable annually on December 14, and theprincipal will mature 20 years from date o f issue, but bondsare subject to call after 10 years. Principal and interest will,
be payable at the State Fiscal Agency in New York City.
H ellertown, P a.—B o n d E lectio n . —A proposition to issue'
$30,000 water bonds will be put to a vote o f the people of this
borough on February 15, 1898.
Homer, 111.—-Ao B o n d E lectio n . —We are advised by H. J.
Wiggins, Village Treasurer, that the report in one of tbe>
papers that an election would be held to vote on the questionof issuing electric-light plant bonds was incorrect. Mr. W ig
gins says that the plant will he built by private parties andnot by the village.
Hudson, N. Y .— B o n d S ale.— On January 17, 1898, the $10^00 i 4% street-improvement bonds were sold to the Hudson
City Savings Institution at 119*58. The following bids were
received:
Hudson City Sav. Institution... .109*580 I L. W . Morrison. New York
109-?POLongstreet Stedman & Co., B os|Bertron & Storrs. New York........
ton
............................ .. .109 5711Street, W ykes & C o! New York 108-020
Leland, Towle & Co., B oston ... ,109’4001 W . J. Hayes & Sons!Cleveland.. .106-5; O-
Bonds mature one half February 1,1917, and one-half Feb
ruary 1,1918. For further description of bonds see C h r o n
ic l e December 18, 1897, p. 1190
Indianapolis, Ind.—B on d s P ro p o sed .— I t is reported that
the city has decided to issue $200,000 additional bonds for the
purpose of securing money with which to complete the park
system which is now under way.
Issaquena County, Miss.—B o n d s P ro p o sed .— A bill has
been introduced in the Legislature providing for the funding
of the outstanding indebtedness of the county.
Kansas City, Kan.—B on d S a l e — The city has sold $25,000
10 15 (optional) refunding bonds to the Eads Brokerage
Co., Kansas City, at 110 392, the purchaser to furnish the
blank bonds. Securities are dated February 1, 1898, aud in
terest will be payable semi-annually. Mr. Geo. E. Yeager,
W . J. Hayes & Sons. Cleveland...101-27 |D. L.Eohm an, Pittsburg (*4,500).102'00 City Clerk, writes us that they have also contracted for the
The Lampreclit Bros. Co., Cleve.. lOO'OO |
sale of from $75,0( 0 to $100,000 refunding bonds to be dated
Four of the bonds are in denomination o f $250 and sixteen Aug 1,1898. Principal and interest o f bonds will be payable
of $500 each. They mature $250 yearly, January 1, 1899 to at the State Fiscal Agency, New York City.
1902, and $500 yearly, January 1, 1903 to 1918, inclusive. In
Lansingburg, N. Y — B on d s P rop osed .— The village officials
terest will be payable January 1 and July 1.
are preparing a bill to be introduced in the Legislature t<L
FroStburg, Md.—Bond A e w s — W e are advised that the authorize the issuance of bouds for the new reservoir.
town will ask the Legislature now in session for authority to
La Salle County (111.) Township No. 33 .— B o n d S a le .—
issue $55,000 30-year bonds without right of redemption prior On January 12, 1898, $28,0^0 t x M bonds were awarded t o
to maturity. It will be remembered that the First National Trowbridge & Co., Chicago, at 100*368. Securities are in de
Bank of Frostburg was given an option last fall of 60 days nominations of $100; interest will be payable January 1 and
to take the bonds at par less a commission of $1,800. The July 1. Principal matures as follows: $16,500, July 1, 1898,
bank did not exercise this option, owing to the bonds being $1,500 yearly on July 1, from 1900 to 1906 inclusive, and.
payable at any time.
$1,000 July 1, 1907.
Gladwin, Mich.—B o n d O fferin g. —Proposals will be re
Livingston County (P . 0 . Geneseo) N. Y .— B on d s A u th o r
ceived by Gladwin township until February 9, 1898, for ized .— T h e Board of Supervisors has authorized the issuance
a $3,000 bond issue for the purpose of paying the township’s of $30,000 court-house bonds. W e are advised by Foster W ..
indebtedness to the county.
Walker, County Treasurer, “ that it will be some time before
Gloucester, Mass.—L o a n A u th o r iz e d .— The Council has the bonds will be placed on the market.”
authorized the City Treasurer to borrow $300,000 in anticipa
Los Angeles, Cal.—B o n d E lectio n . —Local press reports
tion o f taxes. W e are advised by Edward Dolliver, City state that an election will be held about March 1, 1898, to
Treasurer, that the money will be borrowed as needed on vote on a proposition to issue $150,000 fire bonds and aboutnotes of from $25,000 to $50,0i0 each, and discounted at the $250,000 bonds for the construction of storm drains.
lowest market rates.
M arion County (P . 0. Columbia), M iss—B on d S ale.— Oil
Glouces er, N. J.— T em p ora ry L o a n . —The Finance Com December 16,1897, this county sold $20,000 bridge bonds to
mittee has negotiated a 30 day note for $4,5t0 with the Se the First National Bank, Jackson, Miss.
curity Trust & Safe Deposit Co. of Camden. The loan was
Marshall County (P . O. M oundsville), W. Ya .— B on d s Pro*made necessary to tide over the January bills, owing to the p o sed .—The people of Marshall County have petitioned the
fact that certain revenues were not received at the time they County Court to call an election to decide the question of sub
were expected.
scribing $100,000 bonds to the capital stock of the proposed
Goodhue County School D istrict No. 68, Zumbrota, Minn. Pittsburg Connellsville & Moundsville Railroad Company.
— B o n d S ale.— On December 31,1897, $5,000 5% bonds were Securities, if authorized, will mature in 30 years from date
awarded to J. D. Cleghorn & Go., Minneapolis, at 102 ’75. of issue.
Following are the bids:
Melrose, Mass.—B on d s V oted, —The people of this town
J. D, Cleghorn & Co., Minn......*5,137 50 I Farson, Leach & Co.. Ohicago.*5,O50 00
First -National B ank,Portage.. 5,116 00 I W inona Deposit Bank............. 5,057 75 have voted to issue $9,000 bonds and a note for $5,0 »0 for the
V. M. Stoddard, M inneapolis.. 5,115 00 I O. E. Bradfleld & C o.................. 5,01100 taking of land for a park. The loan will be known as Mel-J* C. Norton,,St. P a u l... ........... 5,077 50 |W . J. Hayes & Sons. Cleve....... 5,00900
First National Bank, W inona 5,0 6 00 I Dietz, Denison & Prior, Cleve. 5 000 00 rose Park loan, will bear 4$ interest, payable semi-annually
Cit. Bank, Cannon Falls.Minn. 5,068 76 E. W . Peet, St. Paul..................5i000 00
at the Melrose National Bank, and p ro b a b ly at the C.ty Na
Duke M* Farson, Chicago........ 5,062 0 0 1
tional Bank, Boston. Bonds will be for $1,000 each and will
Bonds are in denominations o f $500, dated December 31, mature one bond annually. Note will become due ten years1897. Interest will be payable annually and the principal from date of issue. The date for the sale of the loan has not
matures December 31, 1917, hut optional after five years. yet been determined.
Principal and interest w ill be payable at the First State
Minneapolis, Minn.— T em p ora ry L o a n . —The SinkingBank, Zumbrota.
Fund Commission of this city has voted to loan the Board of
Gravesend (B rook lyn ), N. Y — B o n d N ew s.— I t is stated Education $50,000 until June 1, 1898, at 3
interest. It is
that ex-Town Clerk John L. Voorhees has refused to coun stated that the Board will in time need more than this, hut
tersign the $300,000 bonds recently awarded to Rudolph does not wish to pay interest on money which cannot be.
Kleybolte & Co., New York, until ordered to do so by the used immediately; also that obtaining this loan probably
Court. Mr. Voorhees’ reason for so doing is based on the ends the agitation about the closing of the schools.
fact that the town has ceased to exist and that he is no longer
M obile, Ala.— B ond O fferin g. —W e are advised by Mr. J.
the Clerk.
8
C. Bush, Mayor, that the city will receive proposals at any
Ham ilton (O hio) School D istrict.— B on d s A u th o r iz e d . — time for $250,000 sewer bonds and $500,(00 water-works
On January 7, 1898, the Board of Education authorized the bonds. Securities will bear either 4% or 4%% interest, payable
issuance of $13,500 4# refunding bonds.
semi annually in gold in New York City or Mobile. Princi
Hampshire County, Mass.— T em p ora ry L o a n .— On Jan pal will mature 40 years from date of issue. The bonds are
uary 17, 1898, a nine months’ loan of $40,000 was awarded to to he secured by a mortgage upon the public works men
Blodget, Merritt & Co., Boston, at 2*92$. Following are the tioned, and endorsed by the city of Mobile.
bids:
Montgomery, Ala.—B on d s A u th o riz ed . —A t a recent meet
3lodget, Merritt & Co.. B oston...... 2-92 I Bond & Goodwin, B oston................ 3*00 ing of the City Council the Finance Committee was directed
Curtis & Motley, Boston...................2-051 Edgerly & Crocker. Boston ........... 3 01
to negotiate for the sale o f sufficient bonds to build a new
Rogers, Newman & Tolman, B ost. .2’05 Longstreet, Stedman & Co. (pre
Gstabrook & Co., B oston..................2‘95 | mium *125).....................
3*30 water plant. The city offered the Capitol City Water Co.
Harvard (Clay County) Neb .— B on d O ffering .—Proposals $330,000 for the plant that now supplies the city with water,
w ifi be received until 2 p. M, January 31.1898, by John F. but the company demanded $475,000, which was refused.
Fleming, City Clerk, for $5,500 6% funding bonds. Securities
New Britain, Conn.—B on d Sale. —On January 18; 1898, the
are in denominations of $500 dated December 1, 1897, and $20,000 4% street bonds were awarded to Henry Clews & C o .,.
were registered by the State A'uditor December 14, 1897. In New York, at 107*49. Following are the bids:
J anuary 22, 1828 ]
THE CHRONICLE.
H enry Clews & Co., New York
107"49 ! E. H. Rollins & Sons, B oston.......101‘78
Mason. Lewis & Co., Boston........ 105'90 N. W . Harris & Co.. New York. .10 4"73
R. L. Day & Co., B o s t o n .......,....1 0 6 ‘50 I C. H . W hite & Co.. New York....... 104*40
Jose, Parker & Co.. Boston...................................... 105"44 I S. A. Kean, Chicago. .
C. B. W ilbar, Boston
.............. 10V211 Street, Wykes & Co., New Y ork. .104-09
•G. A . Fem ald & Co., B oston.........105T3 ; Parson, Leach & Co., New York.. 104Longstreet, Si eri man & Co.. Bos.104‘80
Bonds mature August 1, 1935. For further description o f
bonds see C h r o n ic l e December 25, 1897, p. 1234.
Newport, Ky.— Bond, S ale. — We are advised by John Zolleis, City Auditor, that the $2,309 5# 20-year bonds recently
authorized for the im provement of Columbia Street w ill be
taken by the Sinking Fund Commissioners.
Newport (K y .) School District.-^-JBoncis P ro p o sed .—It is
stated that the Board of Education will have a bill intro
duced in the Legislature authorizing thè issuance of $50,000
bonds for school purposes. It is said that much opposition to
the bill has been exhibited by several local members of the
Legislature.
Newport News, Va.— B onds A u th o riz ed b y th e H o u se o f
D elega tes. —The State House of Delegates has authorized the
Common Council to issue bonds in addition to those au
thorized by Section 101 of the act incorporating the city.
Newton, Mass.— B on d s P r o p o sed .—Mayor Cobb has peti
tioned the Legislature for authority to issue an additional
water loan of $5 0,000.
New York City. - B o n d s P ro p o sed . —A bill has been intro
duced in ih* Legislature authorizing the issuance of $200,000
bonds for the improvement o f Mosholu parkway.
B o n d s P r o p o s e d . —A bill has been introduced in the State
Legislature authorizing the Board of Estimate and appor
tionment to issue $100,000 bonds for a farm colony for va
grants, etc.
New York (State.)— B on d O fferin g.— Comptroller James A .
Roberts announced yesterday that proposals w ill be received
at noon, February 18, 1898, for the $3,230,000 3 per cent gold
canal bonds, the sale of which was postponed January 5,1898.
N ortham pton, Mass.—T em p ora ry L o a n . —On January 21,
1898, this city awarded a 10-months loan of $50,000, issued in
anticipation of the collection of taxes, to F. S. Moseley & Co.,
.B oston.
L o a n P r o p o sed . —A loan of $20,000 for the payment of
grade ero ssing damage cases is under consideration.
Norwood, Ohio.— B on d O fferin g. —Proposals will be re
c e iv e d until 12 m., January 24, 1898, by W . E. Wichgar,
NEW
LOANS.
Village Clerk, care o f William E. Bundy, room 210 Lincoln
Inn Court, Cincinnati, for $3,306 77 6% street-improvement
lot-58
bonds.
Securities will be dated January 6, 1898, and will
mature one-tenth yearly, interest will be payable semi-an
nually. The amount of bonds to be sold may be reduced by
the payment of assessments in cash. Bids must be accom
panied by certified check for 5% o f thegro3S amount of bonds,
payable to order of Village Clerk.
Ohio .— P ro p o sed F u n d in g o f th e Irred u cib le S ta te D ebt.__
A bill has been introduced in the Legislature providing for
the funding of the irreducible debt of the State, amounting
to more than $4,600,0u0, by issuing 3% bonds,
Ortonville, Minn.— Bond O fferin g .—Proposals will be re
ceived until 8 p . M. February 8, 1898, for the purchase of
$15,000 5% water works and electric light plant bonds. Inter
est will be payable semi-annually in New York City, and the
principal will mature 20 years from date of issue.
Palatine, 111.—B o n d S a le.— The city has sold an issue of
$7,500 bonds.
Pascoag, R. I .— T em p ora ry L o a n .—The town has nego
tiated a note for $10,000.
Pittsburg, Pa — B on d S ale.— Comptroller Gourley has sold
$5,300 water bonds to James Carouthers. These bonds, it is
stated, are the last of this particular issue, and are part of the
$6.250,000 loan authorized in 1895.
Pleasant Ridge, Ohio.—B o n d O fferin g.— Proposals w ill be
received until 12 h . January 31, 1893, by Jos, B. Hayden, V il
lage Clerk, for $19,033 26 £>% bonds. Securities are issued in
anticipation of collection o f assessments for road improve
ments under authority of Section 2704, Revised Statutes of
Ohio, and also Ordinance No. 344, passed December 7,1897,
by the Village Council. They will be dated January 10,
1893, and w ill mature 1-10 annually from 1899 to 1908, inclu
sive. Interest w ill be paid annually at the First National
Bank, Cincinnati, where the principal also will be payable.
Certified checks for 10% of amount bid, payable to order of
Clerk, must accompany proposals.
B o n d S ale .—The $12,60540 5% road-improvement bonds of
this village were awarded on January 18, 1898, to Seasongood
& Mayer, Cincinnati, for $13.192 59. Following are the bids:
Seasongood & Mayer, Cin........... 104-05 I The Lamprecht Bros. Co., Cleve. 103-41
Edw. C. Jones Co., Cincinnati— J.03‘90 |S. A . Kean, Chicago................ . ..100‘81
Securities are dated December 23, 1897, and will mature
N E W LOANS.
C IT Y OF TORONTO
ST, LOUIS, MISSOURI,
CORPORATION LOAN.
B O N D CALL.
ISSUE OF £213,000 STERLING
GENERAL CONSOLIDATED LOAN
DEBENTURES, EQUIVALENT
OF $1,036,600.
R edeem able 1st July, 1 9 2 9 .
201
M a y o r ’ s Of f ic e ,
i
St . L o u is , August 7th, 1897 5
TO W HOM IT M A Y CONCERN:
Notice Is hereby given that the bonds o f the City
o f St. Louis, issued under authority o f Ordinance
No. 13,001, numbered from ninety-eight hundred
and eighty-four (9884) to ten thousand five hundred
and three (10503) both inclusive, will be redeem ed
on the second day o f February, eighteen hundred
and ninety-eight, pursuant to the terms o f said
Ordinance No. 13061, and the terms expressed in
said bonds, and that said bonds will cease to bear
interest on said second day o f February, 1898. Said
bonds are dated February 2d, 1885, are payable Feb
ruary 2d, 1905, and are redeemable at the option o f
the City o f St. Louis at any tim e after ten years
from their date.
Each o f said bonds, when presented fo r redemp
tion, must have the fourteen unearned semi-annual
interest coupons, numbered from twenty-seven to
forty, inclusive, attached.
These bonds are called in fo r the purpose o f per
manent retirement.
H EY. ZIEGENHEIN,
L. 8.
Mayor.
ISAAC H. STURGEON,
A ttest :
Comptroller.
H Y. BESCH,
Register
NEW
LOANS.
$ 1 5 , 0 0 0
DODGE COUNTY, MINN.,
4 PER CENT BONDS.
Proposals fo r the sale o f $ 1 3 ,0 0 0 i f 15-year
bonds o f Independent School District No. 50, Dodge
County, Minn., will be received by the Clerk o f said
District until February 7, 1898. Interest payable
semi-annually and with principal payable at place
designated by bidder.
The right to reject any or all bids reserved.
M. R. DRESBACH, Clerk,
District No. 50,
Dodge County, Minn.
Sealed tenders will he received at the City Treas
urer’s Office, City Hall, Toronto, Canada, at or before
25.000 RAPID TRANSIT FERRY CO.
three o ’clock P. M., on Tuesday, the 25th day o f
(New York to Staten Island)
January, 1898, addressed to the Chairman o f the
bf gold bonds, due 1904.
Board o f Control, and endorsed “ Tenders fo r City
1890.
1897.
Gross earnings .............................. $427,000
$510,009
o f T oron to 3)6 per cent Debentures,” fo r the pur
Operating expenses....................... 314,800
316,258
chase o f $ 1 ,0 3 6 ,6 0 0 , or its equivalent in Sterling
Net earnings ...............................$112.800
$193,811
at par o f exchange ( £ 2 1 3 ,OOO) General Consol
Increase in net earnings, $81,000.
idated Loan 3% per cent Debentures, maturing 1st
Price, par and interest. Nets b%.
July, 1929.
20.000 CITY OF DENVER, COLORADO.
The Debentures will be made payable in Canadian
0f bonds, average life 3% years.
Currency in Toronto, cr in Sterling in London, as the
Population, 170,000.
Price, 102)6 and interest.
urchasers desire, with coupons attached payable
Netting 5"3oj6.
alf-y ea rly-lB t January and 1st July. The interest
accruing from 1st January, 18*8, to date o f delivery
7.000 DOUGLAS COUNTV, GEORGIA.
o f bonds to be paid by the purchaser.
6f, average maturity 12)6 years.
Tenders will be received fo r the whole or any por
Assessed valuation...........................................$1,001,000
tio n o f the Debentures, and the purchase m oney
T otal d e b t ........................................................
24,000
will be payable as fo llo w s : Five per cent on allot
Population, 10,000.
ment ; bal inoe on the delivery o f the Debentures.
Price, 109)6 and interest.
The Debentures will be delivered to tbe party
Netting b%.
whose tender is accepted at tue City Treasurer's
A nd other desirable investment bonds and guar
Office in Toronto, tbe proceeds o f the sale being pay
anteed stocks fo r savings hanks and trust funds,
able in Canadian Currency, or. If the Debentures be
netting 3)6 to 5%.
taken in Sterling, at the par o f exchange at the said
place o f delivery; out, ir tenderers desire, they may
specify that payment o f equivalent amount will be
made in sterling in London, and the Corporation
will deliver the Debentures against payment there
on being indemnified for the stamp duty and tbe
BANKERS,
cost o f transmission and insurance, the latter not to
^ 2 1 , 0 0 0
■exceed one eighth o f one per cent.
Applicants are required to lurnish the names o f
31 NASSAU ST., NEW YORK.
personal or corporate sureties fo r the due fulfilment
o f their tender, if accepted.
Tenders will be opened at a meeting o f the Board
and
o f Control o f the Corporation o f tbe City o f Toronto
in the presence o f such o f the applicants as may
attend.
The highest or. any tender not necessarily accepted.
Fuil inform ation can be obtained on application to
NOTICE OF BOND SALE.
the City Treasurer.
„
K T. COADT,
A PPRAISEM EN TS M ADE OR QUOTATIONS
JOH M SH AW ,
City Treasurer.
Notice is hereby given that up to noon on January FURNISHED FOR T H E PURCHASE, S A L E . OR
Mayor (Chairman Board o f Control).
City Treasurer's Office,
28,1898, the City o f Franklin, Ky , will receive sealed EXCHANGE OF A BO VE SECURITIES.
City Hall, Toronto, December 27th, 1897.
bids on its $ 2 1 . 0 0 0 five per cent bonds, issued fo r
LISTS ON APPLICATION.
W ater-W orks, ln t e e s t payable semi-annually
Bonds mature $1,000 yearly from 1899 to 1909, and
$10,000 at the pleasure o f the city after DIO. A
certified check o f $1,000 must accompany each bid,
BANKERS,
BAN K ER S,
as an evidence o f good faith. Bids will be publicly
opened at noon on above date. Bonds will be sold o 31 NASSAU ST. (Bank of Commerce Bldg.)
DEALERS IN MUNICIPAL BONDS,
the highest and best bidder, and no bid shall be ac
Street Railway Bonds, and other high-grade In
cepted at a price less than par. A ll bids must be
Carefully selected, High-grade State, County, City
vestments».
directed to the Mayor o f said city. F or further par and
Public School issues, maturing in 6 to 24 months,
'BOSTON, MASS.,
Cleveland, Ohio,
ticulars address
and earning 5 to 8 per cent our specialty.
YExchange Place,
311-313 Superior St.
M. S. H A R R IS, Mayor,
ROBT. E. STRAHORN »Sc CO.,
Oable Address, "KENNETH.”
Franklin, K y
Equitable Building,
Beaton, Maas.
g
C. H. W H IT E & CO.,
FRANKLIN, KENTUCKY, Government
5 PER CENT BONDS.
Municipal Bonds
BOUGHT AND SOLD.
W . J. Hayes & Sons,
N. W. HARRIS & CO.,
WARRANTS.
202
THE CHRONICLE.
one bond for $1,260 54 annually from 1898 to 1907, inclusive.
Further data regarding bonds will be found in C h r o n ic l e of
January 18,189*.
Portsm outh, Va .— B on d s P ro p o sed .— A. bill has been in
troduced in the State Legislature authorizing the city to
issue redemption bonds.
Quincy, - 111.— Bonds P ro p o sed .—Local press reports state
that the city authorities are making arrangements to refund
the $851,000 6# funding bonds that mature July 1, 1898.
Rahway, N. J . — B o n d Sale .—On January 17, 1h98, the
$85,000 school bonds were awarded to Geo. M. Hahn, New
York, at 103’67 for
Per cents. Following are the bids :
_
For a m i B'ind.
I
For a 6% Bond.
Geo. M. Hahn, New Y ors........... 103-87 I Stuart & Paddock, New York..,106'89
Edw. C. Jones Co..New Y ork .... 101-736 I Benwell & Everitt. New Y o r k ...l0 j’39
W aiter Stanton & Co.. N. Y .......101-35 I Farson, Leach & Co., N. Y ..........105’19
B. H. Gay & Co.. New Y ork .... 101-15
Isaac W.SherriH,Poughkeepsie.* I03'e6 |
* Bid withdrawn.
Bonds mature 20 years from date of issue. For further de
scription of bonds see C h r o n ic l e January 15, 1898, p. 150.
Rom e (N .Y.) School D istrict No. 1.— B on d O fferin g. — Pro
posals w ill be received until 11 A. M. February 1, 1898, by
the Board of Education for $65,000 4# bonds. Securities are
issued pursuant with Section 26, Chapter 49 of the Laws of
■u 71, as amended by Chapter 391, Laws of 1890. They w ill
6 in denominations of $500 with interest payable February
and August 1 at the National Park Bank, New York City.
‘ Six and one-hal h, bonds” mature yearly on February 1.
St. Charles (111.) School D istrict No. 5.—B o n d S a le .—
The $15,000 5# bonds, bids for which were asked until Jan
uary 1, 1898, have been awarded to N. W. Harris & Co.,
Chicago, at 104'27. Bonds mature $',000 yearly, beginning
April 1, 1899. For further description of bonds see C h r o n
ic l e December 25, ' 897, p. 1234.
St. Cloud (C ity) Minn.— B on d S a l e —The city has sold at
par to the First National Bank, St. Cloud, $7,000 5# refund
ing bonds. Securities w ill be in denominations of $1,000
dated January 1. 1898; interest will be payable January 1 and
July 1 at the above bank. Principal will mature January 1,
1913, but bonds are subject to call after January 1, 1903.
St. George, S. C.—B ill to A u th o r iz e B o n d E lectio n .— The
State Legislature is considering a bill authorizing the town
o f St. George to hold an election to vote on the question of
N E W LOANS.
$40,500
18.000
11.000
36.000
40.000
5,000
4,900
30,3 00
45.000
[V ol . LX V I.
issuing bonds. The bill also authorizes the issuance of the
bonds, if voted.
St. Paul, M ian.— C ertificates A u th o r iz e d . —According to,
local press reports an ordinance has passed the City Councils
authorizing the Comptroller to issue $1,085,382 tax certifi
cates. The certificates will be dated January 15, 1898, and
bear 4# interest. These certificates are issued m anticipation
of the collection of taxes for the year 1898, and the amount
is 80# of the total ($1,356,827) necessary to be raised this year,
which amount is the limit that can be anticipated under the
terms of the city charter.
Saline County, Kan.—B on d s P ro p o sed . —It is stated that
Spitzer & Co., Toledo, have made the County Commissioners
an offer to refund $114,000 outstanding 6# railroad-aid bonds.
Santa Clara County (C al.) G ilroy School D istrict.— B o n d
Sale. —On January 10, 1898, the district awarded to the
Oakland Bank of Savings $12,000 6# school bonds at 107’792.
Following are the bids:
Oakland Bank o f Savings........... $12,935 I A . Riander, G ilroy.......................$12,150
E. H. Rollins & Sons. B oston.... 12,4211S. A . Kean, Chicago..................... 12,110
W . J. Hayes & Sons, Cleveland, offered $300 premium on
bonds maturing January 1, 1914, and $605 premium for the
remaining bonds. Bids were also received from L. A. W hite
hurst, Gilroy; Mrs. Mattie Watson, Gilroy, and L. J. Hall,
Los Gatos, for part o f the bonds.
Schenectady, N. Y.—B on d s P r o p o s e d .— A bill has been in
troduced in the State Assembly providing for the increase of
indebtedness for sewer and water purposes.
Schoolcraft (V illa g e) M ich.— B on d E lectio n . —The ques
tion of issuing $16,000 bonds for water-works and eleotriclight plants will be voted on at a special election to be held
January 25, 1898.
South Omaha (N eb.) School D istrict.—B on d s C on sid ered .
—It is stated that an effort may soon be made to submit a
proposition to the people to issue $50,0 0 bonds in order to
relieve the crowded condition of the schools. The district, it
is said, has no bonded indebtedness at present.
Spokane, Wash.—B o n d Sale. —The city has sold to Morris
& Whitehead, Portland, the $300,000
funding bonds at
par. Principal matures twenty years from date of issue.
These bonds are issued for the purpose of paying all outstand
ing warrants other than those issued for special improve
ment purposes.
IN V E S T M E N T S .
IN V E S T M E N T S .
Braddock, Fa........................4k>s
Sandusky, Ohio.................... 5s
PUBLIC SECURITIES
College Point, N. Y..............4s
FOR
Newtown, N. Y .....................5s
SUITABLE FOR
East Providence, R. 1......... 4s
New York Savings Banks SAVINGS BANK AND TRUST
Quincy, Mass........................4s
Portsmouth, Ohio............... 4%s
and Trustees.
Bradford, Pa.............. .........4s
FUNDS.
Greenville, Miss................. 6s
LISTS SENT UPON APPLICATION.
LISTS MAILED ON APPLICATION.
FOR SALE BY
MEMBERS OF BOSTON AN D N EW YO RK
Investment Bonds
Rudolph Kleybolte & Co.,
35 and 37 Nassau StMN ew Y o rk .
STOCK EXCHANGES.
R. L. DAY & CO.,
CINCINNATI. O.
40 Water Street, Boston.
7 Nassau Street, New York.
MASON, LEWIS A CO.,
WE OWN AND OFFER
BANKERS.
6 7 M ilk Street, Boston,
171 La Salle Street, Chicago,
OFFER FOR SALE
Troy, N. Y . ........................................................ 3J6s
Farmington, N. H ............................................ 4s
Sedalia, Mo........................................................4%s
South Omaha, Neb..
.................................. 5s
A storia. I ll......................................................... 5s
Momence, III ........................................... 5s
Trinidad, Col. (Gold).................................... 5s
L a k e County, Ind ...........................................5s
R ockw ell, la . (School)............................. ...5 s
W estC h icd go S t. HR.(Chicago) 1st itltge.5s
South Side E lev. ItR . (Chicago) 1st Mort.4)^s
8 2 0 0 ,0 0 0
8 2 5 0 ,0 0 0
Oueens County, IT. Y., Gold 4s,
Maturing in 1917.
Registered or Coupon.
Assessed V a lu a tio n ......................................$85,345,111
Total D ebt...........
. . . . ...................... 3,634,000
Population, 150,000.
Price and particulars u oon application.
W H A N N & S< H L E S I Y C r f t R ,
Si Wall Street, New York.
Farson, Leach & Co.,
CHICAGO,
100 Dearborn St.
NEW YORK,
2 W all St.
ADAMS & COMPANY,
BANKERS
D E A LER S IN
I N V E S T M E N T BONDS,
■Members o f Boston Stock E xchange.'
No. 7 Congress and 31 State Streets,
BOSTON.
Blodget, Merritt & Co.,
BUY AND SELL
(O f New Britain, Connecticut.)
BANKERS,
TEXAS MUNICIPAL BONDS.
BANK STOCKS.
1st Mortgage Sinking Fund Gold 5s.
16 Congress Street. Boston.
This road has direct connection with the City of
H artford.
Ser C
Lfo r earnings to Oct. 1,1897, and fu ll descrip
tiOD o f roperty.
R. N. MENEFEE & CO., BANKERS,
CHARLES W. ROSENBERGER,
STATE, CITY & RAILROAD BONDS
Central RR, & Electric Co.
E. H ROLLINS A SONS,
MUNICIPAL BONDS.
19 Milk Street. Boston, Mass.
£. C. STANWOOD & CO.
E D W A R D C . JO NES CO.
121 Devonshire Street.
GOVERNMENT,
MUNICIPAL,
STREET RAILWAY,
BOSTON.
BANKERS,
BONDS.
NEW YORK, - - 1 NASSAU STREET,
PHILADELPHIA, - 421 CHESTNUT ST.,
CINCINNATI - 30 EAST THIRD ST.
William E. Nichols,
15 WALL STREET,
-
NEW YORK.
MUNICIPAL WARRANTS.
SEND FO
IS
18 Wall Street, New York,
CHRONICLE VOLUMES.
FOR
S IN C E
SALE
1806,
APPLY TO
W IL L IA M B . B A B A CO M PAN Y,
76V* Fin*»-S'treet, New York.
THE
J anuary 22, 1898.]
Souderton (B orou gh), Pa - B o n d OJIering .—Tbe Borough
will sell at public auction, 1 P. M., January 22,1898, $19,100
(or less) 4% water-wotks bonds. Securities are in denomina
tions o f $100, with interest payable semi annually at the
Union National Bank of Souderton. Principal matures 24
years from date of issue, but bonds are subject to call as fol
lows: $100 yearly on April 1, from 1899 to 1902 inclusive;
#500 yearly on April 1, from 1903 to 1906 inclusive; $600 yearly
on April 1 from 1907 to 1910 inclusive; $700 yearly on April
1, from 1911 to 1914 inclusive; $800 yearly on April 1, 1915
and 1916; $900 yearly on April 1, from 1917 to 1919 inclusive;
$1,000 on April 1, 1920 and 1921, and $4,000 on April 1, 1922.
Springfield, Mass.— L oa n O fferin g .—Proposals will be re
ceived until January 26, 1898, by this city, for discounting a
$200.00 temporary loan. The loan is issued in anticipation
o f the collection of taxes. It will be dated January 28, 1898,
and will mature November, 1898,
Suffolk, Ya .— B on d s P r o p o s e d .— A bill has been introduced
in the House of Delegates authorizing the town of Suffolk to
increase its indebtedness.
Syracuse, N. Y . — T em p ora ry L o a n .— W e are advised by E.
F. Allen, City Treasury, that the $55,000 loan negotiated last
month with Dunscomb <K Jennison was made in anticipation
o f taxes and matures March 25, 1898. Interest is 3J^$.
Tampa, Fla .— B ond S ale .—The city recently sold the re
maining $229,000 6# bonds of the $300,000 issue to Messrs.
Rudolph Kleybolte & Co. and Edw. C. Jones Co. of New
Y ork City. Bonds are dated January 1, 1896, and mature
January 1,1921. Interest w ill be payable January 1 and July
1 at the Western Natioual Bank, New York City.
Tazewell, Ya .— B on d s A u th o rized by S ta te S en a te .—The
Senate has passed a bill authorizing the City Council to issue
bonds for a water-works system.
Union County (P . 0. Elk P oin t), S. D.— W a r r a n t E lection .
—The County Commissioners have ordered a special election
February 8, 1898, to vote on the question of issuing $25,000
warrants for a court house. If issued the warrants will
mature in about three years.
Utica, N. Y.— B on d s A u th orized .— W e are advised that the
date for the sale of $9,140 41 bonds recently authorized for
local improvements has not yet been determined upon.
Waltham, Mass.— B o n d S a l e — On January 21, 1898, this
city awarded $8,000 registered bonds to Blake Bros. & Co.
BostoD, as follow s: $3,000 4 per cent 20-year drainage bonds
at 109 51 ; $3,< 0U 4 per cent li -year street and $1,000 4 percent
10-year building bonds at 105 51, and a $1,000 4 per cent 10year grade-crossing bond at 105*27.
Westchester County, N. Y — B on d s A u th o r iz e d .—The
Board of Supervisors recently passed a resolution directing
the County Treasurer to issue $10,010 bonds for the erection
of a hospital at the County Almshouse at East View. Bonds
w ill mature in 1902 and will bear as low a rate of interest as
can be obtained.
Westfield, Mass.—Bond O fferin g — Proposals will be re
ceived January 27, 1898, by this town for $H 0,010 4% coupon
water bonds to mature in 1898, 1907 and 1927.
West Hartford, Conn.—lo a n A v thorn z e d — At a special
town meeting held January 19, 1898, the Treasurer was
authorized to borrow $6,000 on account of extra expenses in
building sewers and other improvements.
West Springfield, Mass.— B on d s P r< p osed .— A bill has
been introduced in thé State House of Representatives au
thorizing the issuance of $100,' 00 refunding bonds.
W ichita, Kan .— B o n d Issu e.— The City Council has passed
an ordinance providing for the issuance of a $165 78 6# bond
toW . E. Koontz in payment for the construction of cinder
sidewalks. Bond w ill be dated January 1, 1898. and will be
payable at the State Fiscal Agency in New York City on
January 1, 1899.
W infield, Kan .— B o n d Is s u e .—The State School Fund Com
missioners have decided to take at par all of the proposed is
sue of 5% refuoding school bonds of this city.
W orcester, Mass.— B on a S a l e — On January 17, 1898, a
$100,000 loan of Worcester was awarded to Adams & Co.,
Boston, at 106’056. Following are the bids:
Adams & Co., Boston.................. 106-056 Longstreet. Stedman & Co., Bos. 105-670
R. L . Day & Co., B oston..............106-039 H orace S. Hom er & Co., Boston. 105-613
W inslow & Allen. W orcester— 10 /917 ! Verm ilye & Co., New York........ 105"54#
..105-87
Estabrook <* Co., Boston............ 105-916 I Dietz. Denison & Prior.
Blodget, Merritt & Co., Boston. .105" U4 Parkinson & Burr, B oston........ 105 337
E. H .R ollin s & Sons, B oston — 106*723 I iN. W . Harris & Co., New Y ork..l0o"3l8
Securities are in denominations of $5 0, or multiple thereof,
and mafure April 1, 1906. They are dated January 19, 1898,
and interest will be at the rate of 4%, payable semi-annually,
April 1 and October i, by check.
W X x ïtiu Q g a p x r .
Jfitxauxial.
The Audit Company
OF NEW YORK,
203
CHRONICLE.
w
w
Equitable B uilding, 120 Broadway.
Extract from By-Laws of the Audit Company
of N ew York.
BAN K ER S SHOULD
A R TIC L E X IV .
More seriously about the paper used in their account books. Do you know the W h itin g L in en
L e d g e r s ? They are perfection, and will withstand
EXAM IN ATIONS TO BE CONFIDENTIAL.
Section 1. The results of all audits and e x
aminations made by this Company shall be
treated as strictly confidential by both the ex
aminer and the manager of the Company. In
all oases, unless otherwise directed or requested
by the applicant, the reports of the Company
shall he made in duplicate, one to he delivered
to the applicant and the other to be sealed up
and retained by the Company.
Sec. 2. In no ease shall the duplicate report
so retained by the Company be open to the in
spection of the directors, officers, or employes
o f this Company, nor shall the contents he
made known exctpt upon auti ority of a reso
lution o f the Board of Directors of the Com
pany.
Sec. 3. Each officer and employe of the
Company who shall participate in making ex
aminations or audits oh«-U. on entering the em
ploy o f the Company, make oath that he will
not divulge any information obtained by him
in the course of his employment relating to
audits or examinations.
T H IN K
the severest tests o f erasure and re-writing.
They
are made in tints that give the eye most ease by nat
ural or artificial light.
Recommended by oculists.
W rite for samples and booklet, free.
W H IT IN G P A P E R C O M P A N Y ,
H
olyoke
, M a s s ., a n d
150 D u a n e S t r e e t , N e w Y
ork
w
Fred.
M.
Smith,
70 SOUTH ST R E E T.
SECUKt d A imK. VAULT»
i«
BANKERS,
ST R E E T , NEW YORK
UA L L
E s t a b l i s h e d 1*4H3.
CPNUIMF
WELDED CHROME STEEL AND IRON
Round and Flat Bar« and 5-plv Plates and Angles
FOR SAFES, V AU LTS, &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
CH ROM E STEEL W O R K S ,
Kent A ve., Keap & Hooper 8ts.
Sole Man’f ’ers In the U. S. BBO M K L YN. N. Y.
A
Second-Hand Set o f Chronicle Volumes, from
1866 to 1895, fo r sale.
W ILLIA M B. DAN A COMPANY,
76)^ Pine Street, New York
MEMBH1R9 OF NEW YORK STOCK HXCHANGK
All
Interest oo deposits subjoct to sight chec»
Buy •mu sell on commission stocks and bond* either
for c si' or on margin, and deal in
Investment Securities
H. .1 VI.,RS«. CHAH ft. MlKVtN. VV M ginDBB
WM. FRANKLIN HALL,
Accountant
wsuueli'r~r,g-
BOSTON. MASS.
Examination» and investigation*
©wmducted with the utmost care and efficiency.
Books audited.
AUBURN, Nr W TOO K,
Auctioneer, Appraiser and Negotiator«
Makes a Specialty o f Selling R E A L ESTATE and
PERSONAL P R O PE RTY for parties wishing to
R E A L IZE QUICKLY.
Makes a Specialty o f Selling Securities fo r MUNIC
IP A L IT IE S and CORPORATIONS, tfiat requires
extensive advertising fo r purchasers,
Makes a Specialty o f NEGOTIATIONS fo r H OTEL
PR O PE R TY, SECURING LEASES, A P PRA ISIN G
FURNISHINGS, BUYING and SELLING!.,' '
Business connections with Syracuse. Headquar
ters, Yates Hotel.
« a ffv and T r u i C » m p a n y S t o c k s
N e w Y o r k a nd B r o o k ly n
BOUGHT AND SOLD
C L IN T O N
.
W A L L ST.,
GILBERT
NEW Y O K E .
THE CHRONICLE
204
%
[Vol. LXVI.
n s n x a n t c .
FIFTY-THIRD ANNUAL REPORT
OF THE
New York Life Insurance Company.
O FFICE:
346 and 348 B R O A D W A Y , N E W YORK.
JANUARY
1,
1898.
ASSETS.
Beal Estate........................... . ............ ........................................... .........................................................$16,991,000
Bonds and Stocks................................................................... ................................... .......................... 113,239,751
Bonds and Mortgages......................................................................................................................... 41,082,122
Loans secured by collaterals........................... .................. ............................................... ..............
4,507,367
Premium Loans...................................... ..................... .......... ............ ....................................... .
9,089,498
Cash in Office and in Banks and Trust Companies....... .................................................................. 10,243,984
Interest and Rents due and accrued................................ ...............................................................
1,486,648
*Netamount of uncollected and deferred Premiums...................................................................
4,053,771
Total Assets
$200,694,4-41
L IA B IL IT IE S .
Reserve, or value o f
outstanding Policies as per certificate of New York Insur
ance Department. . ..............................................................................................
$ J64,956,079
Other Liabilities.........................................i ............................................
Surplus Reserved Fund voluntarily set aside by the Company which, with the
Net
$2,366,331
reserve fund as calculated by the Insurance Department, w ill be the
equivalent to a 8%reserve on all existing policies............................ .......
Surplus after setting aside the above Surplus Reserved Fund............. ............
$16,195,926
$17,176.105
IN C O M E.
Total Premium Income.......................................................................................................... ...$32,980,960
Interest, Rents, etc.............................................................................. ........................ .............
8,812,125
Total Income...................... . ......................... .......................................
$41,793,085
D IS B U R S E M E N T S .
Death-Claims paid........................................................................................................................ $9,669,596
Endowments paid.........................................................................................................................
2,919,618
Annuities, Dividends, Surrender Values, etc................................................. '........................
6,820,242
Total paid policy-holders............................................................................ $19,409,456
Commissions, Brokerages, and all other payments to A g e n ts............................................
4,308,620
Home Office and Branch Office Salaries and Physicians’ Fees................................................
1,878,445
Real Estate expenses, Taxes, Advertising and all other expenses..................................
2,214,426
Total Disbursements........ ................... ..... .......................... ...........
New Policies Paid for during 1897,
insuring $ 1 3 3 , 5 3 5 , 7 9 4 .
Total number of Policies in force Jan. 1, 1898,
$27.810,947
6 3 ,7 0 8 ,
JOHN
A.
McCALL,
H E N R Y T U C K ............................................ V ice-P resident
A. H. W ELCH.
- - - - 2d V ice-President
G. W . P E R K IN S,
- - 3d V ice-President
R . W . W EEKS,
.
...........................................A ctuary
JOHN B. LUNGER,
- - Managing: A ctuary
F . W .F R A N K L A N D ,
- - A ssociate A ctuary
A . HUNTINGTON, M . D .,
3 3 2 ,9 5 8 ,
insuring
$ 8 7 7 ,0 2 0 ,9 2 5 -
President.
C U A S. C. W H I T N E Y , .....................................Secret aryE D W A R D N. G I B B S , ..................................... T re a s u re r
H . S. TH OM PSON..........................................
C om p troller
TH EO D O RE M. S A N T A , ..............................C a s h ie r
JOHN C. W H IT N E Y ,
- - - - - - A u d ito r
D . P. K IN G S L E Y ,
- - - - Sup’ t o f Agencies.
M edical D irector.
T R U ST E E S.
WM. H . APPLETON
G a r r e t A. H o b a r t ,
H e n r y C. M o r t im e r ,
Osc a r S. St r a u s »
W m . F. B o o k l e t ,
W m . B. H o r n b l o w e r ,
Geo . A u s t in M o r r is o n ,
W m . l . St r o n g ,
J o h n Cl a f l i n ,
W a l t e r H . L e w is ,
A u g u s t u s G. P a i n e ,
H e n r v T uok ,
Ch a s . S. F a i r c h i l d ,
W oodbürt Langdon,
G e o r g e W . P e r k in s ,
T h o m a s P. F o w l e r ,
R o b e r t J. L o w r t ,
E d m u n d D. R a n d o l p h ,
J o h n J. V a l e n t i n e ,
A . H. W e l c h ,
E d w a r d N. G ib b s ,
J o h n A. M cCa l l ,
H ir a m R. St e e l e ,
D a v i d A. W e l l s .
W i l l ia m
r
. Gra ce,
* Does not include any unreported first premiums on new issue j. Policies are not reported in force unless the first premium his been paid in cash.
THE
J anuary 22, 1898.]
CHRONICLE.
lx
gatrëuers atxÄ %xxfazxs ®nt of fptxr 1 M ,
SOUTHERN.
CHICAGO
W il l ia m W il s o n & Sons , Established 1802.
W il so n . Colston & Co.,
“
1867.
A . O. Slaughter & C o.,
Wilson, Colston & Co.,
B A N K E R S AN D B R O K E R S ,
MISCELLANEOUS.
Ladd & Tilton,
BANKERS,
Members o f Baltimore Stock Exchange,
PO R TLA N D , OREGON.
ESTABLISHED IN 1859.
Transact a General Banking Business
Co llection s G iv e n Sp e c ia l A t t e n t io n .
BANKERS.
916 East Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a spec
ialty, and whole issues handled.
Exceptional facilities fo r dealings in all classes o f
Southern Bonds. Loans on Collateral Securities
negotiated.
BROKER,
H . J. von Hemert & C o.,
BANKERS AND BROKERS,
COLORADO SPRINGS, - - COLO.
Members Colorado Springs Mining Stock Association.
W eekly Market Letter sent upon application.
Ch a r l e s H odgm an
SO U T H E R N
3 0 0 N ortli F o u rth Street,
S E C U R IT IE S .
NORFOLK, V A .
INVESTMENTS.
ST. LOUIS.
H ow ard
lee
Davenport & C o.,
Cl a r e
Richardson & Clark,
BANKERS.
25 Exchange Street, Froyidence, R. 1.
Commercial Paper, Bonds, Stocks and
STOCKS—BONDS,
Members New York and Chicago Stock Exchanges
Bankers and Brokers,
SOUTHERN
B AN K ER S
AND
Exchange, Chlcagci
Jamieson & Co.,
169 LA SALLE STREET,
Chicago, Ills,
Private wire to New York and Philadelphia.
Loeb & Gatzert,
Mottu, de W itt & Co.,
BOND A N D STO C K B R O K E R S ,
Stock
Stock Exchange and Chicago Board o f Trade.
AUGUSTA, GEORGIA.
Whitaker & Hodgman,
J a m e s R ic h a r d so n
C H IC A G O , IL L S.
Members New York
John W . Dickey,
MINING INVESTMENTS.
Ed w a r d s W h it a k e r ,
11 5 -1 1 7 LA SALLE STREET,
MORTGAGE BANKERS,
125 L A S A L L E S T R E E T , C H IC AG O .
’ First Mortgages fo r sale in large and small amounts«
netting investors 5,
and 6 per cent, secured byimproved and incom e-bearing Chicago city property
Principal and I n t e r e s t Payable In Gold.
CORRESPONDENCE SOLICITED.
A . G. Becker & C o.,
(IN C O R P O R A T E D ).
B R O K K R I,
R IC H M O N D , V IR G IN IA ..
C O M M E R C IA L P A P E R .
ESTABLISHED 1860.
Correspondence solicited and Inform ation für«
nished about Southern State, Municipal and B a 1
oad Investment Securities.
R eference—Bank of New York N. B. A .
199 La Salle St., Chicago, 111.
PITTSBURG.
iiOcal Securities.
C. W . Branch & C o.,
BANKS.
BANKERS AND BROKERS
St a t e B a n k B u il d in g
FIRST NATIONAL BANK
OF MILWAUKEE.
Private wires connecting with W ashington, Baiti,
more, Philadelphia, New York, Boston and Chioago
New York Correspondents: Messrs. Ladenbnrg
rhalmann & Co. and Lehman Bros.
RICH M OND,
81,000,000
8250,00«
CAPITAL,
SURPLUS,
SAVANNAH, GA.
A . Strass burger,
(Successor o f N. O. Canal & Banking Co.)
The Mutual Benefit
LIFE INSURANCE CO., NEWARK, N. J.
AM ZI DODD, President
Assets (Market Yalnes) Jan. 1,1897...........$60,742,086
Liabilities (N. J.,N.Y. and Mass. Standard). 56,434,808
Surplus ........................................................... 4,806,676
p o l ic ie s
a b so l u t e .y n o n - f o r f e it ab l e a f t e r
81COND YEAR.
In
the Policy is c o n t in u e d in
value will pay fo r : or if pre
f e r r e d a Cash or Paid-up Policy Value is allowed.
A fter the second year Policies are 1n c o n t e st a b l i
ca se of l a p s e
force as long as its
and all restrictions as to residence, travel or occupa
Hon are removed
The Company agrees in the Policy to Loan up to
the Cash S rreuder Value when a satisfactory assign
ment o f the Policv is made as collateral security.
L osses paid im mediately upon comhLction and
roval o f proofs.
A Rive and Local Securities bought and sold to ad
vantage. Atlantic Mutual Scrip. Circulars.
J. P. Wintringham,
36 Fine St., N. T
P IT T S B U R G ,
PA.
ESTABLISHED 1871.
Whitney & Stephenson,
BANKERS AND BROKERS
Oldest Pittsburg Members N. Y . Stock Exchange.
BOBTHERN INVESTM ENT SECURITIES,
T . Mellon & Sons’ Bank,
P IT T S B U R G H , P A .
Montgomery, Ala.
dank
X>
of c h a rle st o n .
N ATIO N AL BAN KIN G ASSOCIATION,
GENERAL BANKING, COLLECTIONS
INVESTMENTS.
CHARLESTON, SO. CAR.
C A P IT A L ............................................................ $300,000
SURPLUS.......................................... ................ $100,000
CAPITAL, 81,000,000.
J. C. MORRIS, President. E D W A R D TOBY, V ice
Pres. EDGAR NOTT, Cashier
Correspondents—National City Bank, Nationa
Bank o f Commerce, New Y ork; Boatm en’s Bank
St L o u is ; N. W . National Bank, C hicago; Mer
chants’ National Bank Boston
MEMBERS OF THE
NEW YORK STOCK EXCHANGE,
PHILADELPHIA STOCK EXCHANGE
PITTSBURG EXCHANGE (8 MEMBERS).
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF TRADE.
STOCKS & BO ND S B R O K E R
UNITED STATES DBPOSITARY.
Capital, 81,500,000 1Surplus, 8950,000
8. G. M u r p h y , President, J a s . K. L y n c h , Cashiei
J a m e s M o rrrrr, Y . -Près., J. E . M o ï f i t t , A it . Casl
General Banking Business. Aocounts Solicited.
Canal Bank,
& C o.,
AVENUE,
N o. 57 F O U R T H A V E N U E .
OF SAM FRANCISCO, CAL.
N E W ORLEANS, L A .
FOURTH
P IT T S B U R G , P A .
BOND AN D STOCK BROKER.
Real Estate Loans.
San Francisco.
The First National Bank
78
VA.
Austin R . Myres,
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS:
F. G. B ig e l o w , Pres’t.
F. J. K i p p , Cashier.
W m . B ig e l o w , V .-Pres’t. T. E. Ca m p , Ass’t Cashier.
F. E. K r u e g e r . 2d A ss’t Cashier.
Henry Sproul
CINCINNATI.
PHILADELPHIA.
E.
W.
Clark
& C o.,
BAN KERS AND BROKERS.
Irwin, Ellis & Ballmann,
BANKERS AND BROKERS
Dealer
in
C incinnati Bonds.
No. 37 East Third St.. Cincinnati. Ohio
S ea so n g o o d &
M
ayer,
8. W . Corner Third and Walnut Streets,
C IN C IN N A T I, O H IO .
N o. 139 South Fourth St.,
P H IL A D E L P H IA .
Transact a general banking business.
Allow»Interest on deposits.
Members o f the Philadelphia and New Yoife Stock
Exchanges, and connected by private wire with
New York.
Edward B. Smith & Co.,,
BANKERS AND BROKERS,
BOURSE BUILDING,
MUNICIPAL BONDS.
PHILADELPHIA.
High-Grade City, County Town and School tsonas
Issued in leading prosperous 8tates o f the Union
especially adapted for safe and permanent invest*
men! for Estates and Trust Funds.
Members Phila. and New York Stock Exchanges'
CHRONICLE VOLUMES
1874-1887-28 VOLUMES.
Bound in full m orocco. Offer wanted fo r the se
Address
W ILLIAM B . D A N A COMPAN
yWa
Street New
W G. H o p p e r ,
H. S. h o p p e r ,
Members o f Philadelphia Stock Exchange.
Wm. G. Hopper & Co.*
STOCK AND BOND BROKERS,
28 South Third Street, Philadelphia..
BONDS AD VERTISED on the market supplied
SUBSCRIPTION PRICES.
TAlp.nhnnA 160
*
_____________________THE CHRONICLE.
[V ol, LXVI,
Trust Comp antes.
Union Trust Company United States Trust Co.
N os. 4 6 & 4 7 W A L L S T R E E T .
OF N E W Y O R K .
80 Broadway, New York.
C A P I T A Tj,
.
.
.
.
SU R PLU S,
.
.
.
.
$ 1 ,0 0 0 ,0 0 0
$ 6 ,2 1 3 ,0 0 0
A U T H O R IZ E D TO ACT A S
Executor, Administrator, Guardian,
Receiver or Trustee,
A N D IS
A LEGAL DEPOSITORY FOR MONEY.
ACTS A S TRUSTEE OF MORTGAGES OF
CORPORATIONS and accepts the transfer agency
and registry o f stocks.
A LLO W S IN TEREST ON DEPOSITS, which may
be made at any time, and withdrawn on five days’
notice, with interest for the whole time they remain
With the company.
F or the convenience o f depositors this company
also opens CURRENT ACCOUNTS, subject, in ac
cordance with its rules, to check at sight, and allows
Interest upon the resulting daily balances. Such
•hecks pass through the Clearing House.
Attends specially to the
MANAGEMENT OF REAL ESTATE
and to iAe collection and remittance o f rents.
It makes ample provision in its
BURGLAR AND FIRE PROOF VAULTS
Cor the safe-keeping o f securities placed in its cus
tody, on which it collects and remits income.
E D W A R D KING, President.
CORNELIUS D. WOOD,
J
(JAM ES H. OGILV1E,
> Vice-Presidents.
AUGUSTUS W . K E L LE Y , )
J. V. B. T H A Y E R , Secretary.
SB. R. M E R RITT. Assistant Secretary.
C. C. RAW LIN GS. Trust Officer.
N ew York Security &
Trust Company,
4«
W ALL
STREET, N EW
YORK*
Oavltal, 9 1 , 0 0 0 , 0 0 0 I S u r p lu s , 9 1 , 5 0 0 , 0 0 0
CHARLES S. FA IRCH ILD, President.
W M . L . STRONG. 1st Vice-Pres.
ABRAM M. H Y A T T , 2d Vice-Pres.
OSBORN W . BRIGHT, Secretary.
Z E L A H V AN LOAN. Asst. Secretary.
Authorized to act as executor, trustee, administra
tor, guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
interest. A legal depository for court and trust funds.
A designated depository for the reserve o f State
banks. A ccounts o f banks and bankers solicited,
TRUSTEES
C. 8. Fairchild,
M. C. D. Borden, IJames A Biair,
W, H. Appleton, B. Aymar Sands, J.G. McCullough,
W m . L. Strong, James J. Hill,
H. Hoagland,
W . F. Buckley,
E. N. Gibbs,
J. W . Sterling,
8. G. Nelson,
F. R.Ooudert,
H. W alter Webb,
Edward IThl
.Tame'» still man I.Tnbn A McCall,
Edmund D. Randolph, Frank W . Stearns.
Rhode Island Hospital
Trust Company*
P R O V ID E N C E ,
R . I.
Capital...81,000.000 ISurplus....8750,00»
DIRECTORS.
Christopher Lippitt, Horatio N. Campbell
Rsbert Knight,
Royal C. Taft,
•Robt. H. I. Goddard, John W . Danielson
Geo. W . R. Matteson, Herbert J. Wells.
John C. Pegram,
W illiam D, Ely
Lyman B. Goff,
R obert I. Gammell,
Eugene W. Mason
W illiam Binney,
W illiam B. Weeden, Geo. Gordon King
Rowland G. Hasard
H owland Hazard,
Lucian Sharpe.
Edward D. Pearce
H E R B E R T J. W ELLS, SAM’L R. DORRANCE
President.
Vice-Preside t.
E D W A R D 8. CLAR K ,
W M A. GAM W ELL
Assistant Secretar'
Secretary
The
Union Trust Co.
715-717-719 CHESTNUT STREET
P H IL A D E L P H IA , P a
Incorporated 1882
C A P IT A L ,
-
$ 1 ,0 0 0 ,0 0 0
Transacts a General Trust and Safe Deposit Business
A cts as Transfer Agent, Registrar and Trustees
under corporation mortgages
Collects and Remits Income at Reasonable Rates.
Solicits A ccounts o f Bankers and others.
Interest Allowed on Deposits.
President,
Vice-President
J . SIMPSON A FRICA. THOMAS R. PATTON
2d Vice-President, GEORGE A . FLE TCH ER.
Treasurer and Secretary.
Trust Office*
R IC H A R D S. E D W AR D S. PERCY B. M ETZGER
DIRECTORS.
Joseph I. Keete. Thos. R. Patton,
J . 8. A frica,
Edward Bailey, Ohas. A . Lagen, Edw. L. Perkins,
G eo. A . Fletcher, John P. McGrath. W m . C. Stoever,
Thomas G. Hood, Harrv W . Moore, J. W . Suppléé,
Wm. B. Irvine, Oscar R . Meyers, Joseph Thomas
CAPITAL AND SURPLUS,
BOSTON, MASS.
$ 1 1 ,8 0 0 ,0 0 0 .
This Company is a legal depository fo r moneys
paid into Court, and is authorized to act as Guardian,
Trustee or Executor.
INTEREST ALLOWED ON DEPOSITS
which may be made at any time and withdrawn
after five days’ notice, and will be entitled to inter
est for the whole tim e they may remain with the
Company.
_
.
Executors, Administrators, or Trustees o f Estates,
Religious and Benevolent Institutions, and individ
uals, will flDdthis Company a convenient depository
for money
JOHN A . STEW A RT, President,
D. W ILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President
H E N R Y L. TH ORNELL, Secretary,
LOUIS G. HAMPTON, Assist. Sec’y.
TRUSTEESi
Samuel Sloan,
Charles S. Smith, W . Wald. Astor,
D. W illis James, W m . Rockefeller,James Stillman,
John A . Stewart, Alexander E. Orr.John Claflin,
J. H. Rhoades, W m. H. Macy, Jr.John J. Phelps,
Anson P. Stokes,W m. D. Sloane, Daniel Lord,
John C. Brown, G. H . Schwab,
JohnS. Kennedy,
Edward Cooper, Frank Lyman,
D. O. Mills,
W . B. Cutting, Geo. F. V ietor, Lewis C. Ledyard
C O N T IN E N T A L
TRUST COM PANY,
OF THE CITY OF NEW YORK.
30 BROAD STREET.
CAPITAL............................»500,000
SURPLUS.......................... 350,000
OTTO T. B AN N A RD .................... .'...............President
W IL L IA M A L E X A N D E R S M IT H ... 1st V ice Pres’t
GORDON M A C DON A LD.. .2d V ice-Pres’t and Sec’y
H E N R Y E. D A B O LL..................Assistant Secretary
Designated by the Supreme Court as a
Depositary for Court Moneys.
Interest allowed on Deposits.
Executes all Trusts.
TRUSTEES
Robert W . DeForest,
William Jay,
Giraud Foster.
AlfredM. H oyt,
Gordon Macdonald,
R udolf E. F. Flinsch,
Gordon N om e,
Robert S. Holt,
A . Lanfear Nome,
Henry M. Taber,
William F. Cochran,
Oliver Harriman, Jr.,
W alter Jennings,
Wm. Alexander Smith,
William A . Hazard
Robert Olyphant,
Frank H. Platt,
W. Seward Webb,
Trenor L. Park,
Otto T. Bannard.
Oswald Sanderson.
T he State
10 0
T
rust
-
C A P IT A L ,
. . .
$1,000,000
SURPLUS, . . .
1,000,000
Transacts a General Banking Business.
ALLOW S INTEREST ON D A I L Y BALA N C E S SUBJECT
TO CHECK
TRUSTEE U N D ER MORTGAGES. T R A N SFE R AGEN T
R E G IS T R A R
BOARD OF DIRECTORS :
T. Jefferson Coolidge, Jr., President.
Oliver Ames,
W alter Hunneweil
C W . Amory,
Samuel Carr,
B. P. Cheney,
Geo. V. L. Meyer,
T. Jefferson Coolidge,
Laurence Minot,
Chas. E. Cotting,
Richard Olney,
Geo. F. Fabyan,
Henry R. Reed,
Geo. P Gardner,
Nathaniel Thayer,
H enry S. Howe,
Stephen M. Weld.
Henry C. W eston.
T. J e ffe rso n Co olid g e , J r ., President.
C. S. T u c k e r m a n , Vice-Pres’t and av««**.
G eo . P . Ga r d n e r , Go r d o n A bb ott ,
F r a n c is R. H a r t , Vice-Preaid
E. A . P h ip p e n , Secretary and Ass’t Treas.
J o se p h G. St e a r n s , Ass’t Secretami.
A M E R IC A N L O A N
—AND—
TRUST
CAPITAL,
SURPLUS,
FRANCIS S. BANGS. President
W M . A . NASH, Vice-President
MAURICE 8 DECKER, Secretary.
H. M. FRANCIS, Treasurer
H . B. B ER R Y, Trust Officer.
TRUSTEES.
Forrest H . Parker,
Willis S. Paine,
Charles Scribner,
Henry H. Cook,
William B. Kendall,
Charles L. Tiffany,
W alter S. Johnston, George W . W hite,
Joseph N. Hallock.
Percival Knauth,
Edwin A. McAlpin,
Francis S. Bangs,
Andrew Mills,
Francis Lynde Stetson.
Thomas A. McIntyre.
W illiam A. Nash,
Geo. Foster Peabody, Edward E. Poor.
Anson G. McCook.
J. D Probst.
R . A. C. Smith,
H enry Steers,
George W . Quintard. Thos. F. Ryan.
.
.
$1,000,000
500,000
moneys paid into Court and
Executors, Guardians and
.
.
A legal depository o f
for Administrators,
Trustees.
INTEREST A LLO W ED ON DEPOSITS.
Trustees under Mortgages, Transfer Agents
Registrars o f Stock.
and
BOARD OF DIRECTORS.
Chas. Francis Adams, 2d. Samuel Little,
Oakes A . Ames,
S. E. Peabody,
Edwin F. Atkins,
Francis Peabody
Isaac T. Burr,
A lbert A . Pope, “
Samuel Carr,
N. W . R ice,
F. Gordon Dexter
R. E. Robbins,
David P. Kimball
W . B. Thomas,
Henry D. Hyde,
S. ENDICOTT PEABOD Y, President.
N. W. JORDAN, Actuary,
B. A . COFFIN Treasurer
Maryland Trust C o.,
CORNER SOUTH AND GERMAN STS.
$ 1 ,9 0 0 ,0 0 0
Acts as Trustee, Registrar, Transfer and
Fiscal Agent of Corporations, and as Ex
ecutor, Administrator, Trustee, Guardian
and Committee of Estates. Legal Deposi
tory for Court and Trust Funds, Takes
full charge of Real and Personal Estates.
Interest allowed on Deposits,
COM PANY,
BOSTON, MASS.
C o.
BROADW AY.
C apital a n d Su rplu s,
OLD COLON Y
TRU ST COM PANY.
BALTIMORE.
CAPITAL, 81,000,000
A
LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial Agent for States, Cities Towns i
Railroads and other Corporations. Transacts a gens
eral trust business. Lends money on approved se
curity. Allows interest on special deposits. Act*
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as Agent for the Transfer or Regis
tration o f Stocks and Bonds, and for the payment o f
coupons i merest and dividends.
J. WILLCOX BROWN, President
LLOYD L. JACKSON, First Vice-President
H ENRY J BOWDOIN, Second Vice-President*
3. BERNARD SCOTT, Secy. & Treas
DIRECTORS
Wm. A . Marburg, Lloyd L.Jackson, JosbuaLevering,
James Bono,
H. A. Parr,
Frank Brown,
Clayton C. Hall, J. D. Halier,
A lex. Brown,
H. J. Bowdoin, J. Wilcox Brown, John B. Garrett,
F. M. Thleriot,
Leopold Strouse, B. N. Baker.
Basil B. Gordon, Fred’k W. Wood. G. A. von Lingen,
Henry Walters, Andrew n..Tones Jos. E. Willard,
W. B. Brooks,Jr., W.H. Haldwin,JrJJ . A . Tom pkins.
GUARDIAN
Missouri Kansas & T exa*
Trust C o.,
Trust & Deposit Company,
SECURITY
BALTIMORE.
General Banking and Trust Business, Becomes
Trustee under Mortgages or Deeds o f Trnst, Finan
cial or Transfer Agent for States, Cities or Corpora
tions, etc., etc. Pays interest on Deposits.
E D W A R D STABLER, J r ., President.
W M . M. BYRN, Secretary and Treasurer.
D A N IEL MILLER, JON. K. TA YLO R,Vice-Pres’ts.
Executive Com m ittee: W m. H. Bosley (John S.
Gittings & Co.), Chairman; George B. Baker, Henry
Ö. Matthews, Jobn L. Blake, Francis A. W hite, Matt.
C. Fenton, Lewis A . Gusdorff.
Metropolitan Trust Co.
O f the City o f New York.
37 and 39 Wall Street, New York.
Paid-up capital.......... ..... ........»1,000,000
Surplus...................................... 1,000,00»
Designated as a legal depositary by order o f
Supreme Court. R eceive deposits o f money on in
terest, act as fiscal or transfer azent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Bra j ton Ives, President. Fred’k D. Tappen.V.-Pres.
C. M. J esu p, 2d Y.-Pres. Beverly Chew, Secretary.
Raymond J, Chatry. Assistant Secretary
7th and Wyandotte Sts., Kansas Cli*. Mo.
1 Nassau St., N.Y.. 400 Chestnut 8t..Phlla.
194 Washington 8t„ Boston.
Singel ‘438, Amsterdam, Holland.
Dorotheen-8trasse 54 Berlin, Germany.
31 Lombard Street, London, Eng Lind.
Sandthorqual 4,” Hamburg, Grr.
15 Rue du Louvre, Paris, France.
Capital...................................... 81,450,000
Surplus and Undivided Profits.. 1,450,000
A R T H U R E. STILW ELL. President.
Vice-Presidents: J. McD. Trimble, E. L. Martin
W. 8. Taylor, Jacques T. Noltbeuius.
A. C. Robinson, Secretary; W m. S. Taylor Treas.
urerj Frank B. W ilcox, Assistant Treasurer: J, J .
Caimes, Assistant Secretary: E 8. Mosher Asst.
Secretary; Nath’l Norton, Ass’t Secretary; Trimble
& Braley, General Attorneys.
Executes a General Trust Buslne««.
Acts as Trustee, Transfer Agent or Regis*.
trar for Corporations.
Acts as Executor, Administrator, Guardian
or Trustee of Estates.
Collects Western Mortgages.
Takes charge of properties, collecting
Rents, paying taxes, etc., for
Eastern Investors,
@FedFRASER