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L o n d o n A g en ts:
M essrs. E d w a r d s & S m it h , 1 D rap ers’ G a rd e n s , E . C ., w ill ta k e s u b
s c r ip tio n s a n d a d v e r tis e m e n ts , a n d s u p p ly s in g le c o p ie s o f th e p a p e r
a t I s . ea ch .
W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s ,
P in e S tr e e t, C o r n e r o f P e a r l S tre e t,
P o st O f f ic e B o x 9 5 8 .
NEW YO RK .
T w o M on th s
CLEARING HOUSE RETURNS.
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, January23, have been $1,293,487,883, against $1,398,134,263 last week
and $913,947,031 the corresponding week of last year.
CLEARINGS.
Return» by lelegrapK
Week Ending January 29.
1808.
1897.
Syracuse.............
S c r a n to n ..........
W ilm ington........
B ingham ton . ....
T otal M iddle..
1 l^yB.
1896.
1997.
1898.
|P
♦
$
85 >,837,03! 008.258.00.
+ 4 0 2 610 040 405
03.7l6.8O
a 1,0*« a»?
77,724,35
+22 3
19.324.90«
17. 52.04
+ 13 3
16.138 U3
+241
14 237 613
17,90 ,02!
14,426.20
-f4 9
4,355,0«'
4,1 l,0u !
4,314,654
1,957.04
1.0*6.19
—4 6
1.792,476
1,472.1 ‘3
l . i 35 8i
+27
1,577.571,14,18
+
1-0
978,251
1.110.3«!
9u3 669
1 ,0 2 9 «; :
1,031,68? .
+5-0
6 «-7,61
+13 1
724,430
700,141
32 ,8 0
+7 O
3lO,4o<
304,2m
979,097,321 714,25 j, 20. ► *+*«>• I 614.996,220
B oston ..................
P roviden ce...........
H a rtfo rd ... . . . . .
New H aven..........
Springfield...........
W orcester............
P ortland...........
Fall R iver............
L o w e ll..................
New B edford.......
T otal New Ifing.
10l.211.13(
121.730.83
5,670.001 •
5,070.80« .
2,130, in'
2,583,37
1,727.001
1,570.93 i
1,859,07?
1 543,00.
1.4 6.481
1.25 ,o2
l,llü.47„
1,401,3«?
951,23«
818,70:
6« ,69r
720, 2: i
413,30?
465,09
116
356,591
141,195,21?
Olearintt at-
W EEKLY.
of Subscription—Payable
NO. 1701.
Week ending January 22.
© h e ir a te te .
P U B L IS H E D
Terms
b . D a n a Co m p an t , in
SATURDAY, JANUARY 29, 1898.
3£he
<j
S ta te a n d C ih j S u p p le m e n t
rEntered according to A ct of Congress, m the year 1898, b y tbe W il l ia m
Per Oent
N ew Y o r k . . . . . ....... .................
B oston ................. . . . . . . . . . . . .
P h ilad elp h ia..............................
B a ltim o r e ...................... .
C hicago ___ 1 ...........................
St. L oots ............ ....... .........
N ew O r le a n s .. . . . . . . . . . . . . . .
*867,516.549
84,430,057
61,358,904
13,364,226
73,555,748
21,547,521
9,616,131
$437,623,259
68,741,743
44,814,532
10,903,732
56,730,988
18.745,492
7,769,311
-N52-5
422 -8
4-36-9
4-27-1
4-29-7
+ I4 -9
+23 8
Seven eitles, 5 d a y s ..........
O ther cities, 5 d a y s............
$931,889,136
150,098,743
$645,334,057
117,418,263
444-4
+27-8
T otal all oities, 5 days . . .
A ll eitles, 1 d a y ___ . . . . . . . . . . .
$1,081,987,879
211,499,984
$762,752,320
151,195,388
441 9
+39-9
T ota l all oltles fo r w eek .
$1,293,487,863
$913,947,081
441-5
New Y o n .. . . . . .
P h ila d elp h ia ... .
Pitts bur«..........
Baltim ore...........
B uffalo................
W ash in g to n ....
Rochester..........
495,031,039
64.060,923
13,849.970
12.530.359
3 8 8 958
1,079 211
1.365,035
893,676
83’ ,8o7
703,085
297,900
595.006,992
+23 2
79,020,93«
—(> 01
5.ÓU..1O
Ü
2.171 373
+20 9
+ 10 0
1.418,359
+13 5
1,467 90«’
1,29« 0 «6
+ 95
+8 1
1,040,344
741,V-8
+10 0
-5 1
574.695
- 1 1 2 ____ 408,388
+21-3
93.062,253
83,471,434
6.349.8J0
1.785 549
1,206.798
1.2-7 862
81,222.670
12,887.700
6.707,300
5,791,174
4.148,052
£.713.500
1 105 894
1,899,029
07,2'5.05f
14.» 86 001
8,531.44:
7,241,875.498.25!
4.228 8 iC
2,388.83;
1,602 ft«
1.042 2 8
1,012,70«
775 92.
484,865
74,487.50"
12.007.16!
6. *5",2«!
6.241 52
4.641.53?
3,242.00
2.139 69'
1.330,13!
1,206,1,9
827,70»
604,28
283,20
+30 0
+ 104
+66'5
+16Ü
+ia-îi
+ 30 3
+11 0
+20O
+ 49 9
•j-SM4
+ 283
+712
80.730,613
U,2«2.650
6 70/.866
6.1 l*,38o
6.411.930
/ 3.650 50
2,025.7 U
1.573.403
1.401,576
318,358
284,7o<
215 00£
187 981
252.455
1»3,6S8
262,710
151,521,305
248,8*0
284.001
194.54 f
104.53/
178,781
155,o8u
+28-0
+0 2
+105
+14-0
+41-3
200816
114,074430
San Francisco..
Salt Lake C ity..
Portland............
Los A n g e le s ....
T acom a..............
Seattle..............
Spokane............
Fargo.................
Sioux Falls.......
Total Pacific.
14,038.057
1 551,30C
1 544,118
1,492,0 )7
817.003
1,280,805
881.308
• 171.896
103 004
21,881,038
Kansas C ity........
M inneapolis..........
Omaha...... ..........
St. Paul..................
D en ver............
Davenport.............
St. Joseph ...........
Des M oines............
Sioux C ity.............
L in coln ....... ............
W ichita...................
T opeka................... .
F rem ont................ .
H astings................
T ot. oth er W est.
10.353.97*
6,7(10.170
5.512 519
3.798,3 )0
2.720.7/8
500,000
1.511.661
1,175 000
707.318
30).6i2
408,. 83
528,515
102,871
83,170
34,533,079
Chicago...................
Cincinnati..............
D e t r o it ..................
C leveland..............
Milwaukee.............
C olu m bus..............
In d ia n a p olis........
Peoria.....................
T oled o.................... .
Grand R apids.......
D ayton.........
L exin gton ............. .
Saginaw t .......it —
K a la m a z o o ..... . . .
A k r o n .................. .
Bay C ity.................
R o ck fo rd ............. i.
Springfield, Ohio...
Canton........... ........
Youngstown*.........
T ot. Mid. W est’p
1895.
9U.VS?
65v* 785
382,939
1,222,810
1,105.120
780 361
552.614
«92,031
07,234 385
829,530
328.537
240,235
813,421
249,251
218 114
164 060
173,589
139,624
+28 4
120 OjO.990
117.771,743
12,299,542
1,014,907
1.001.22C
913,908
309,901
425 001
5*2.530
120,321
41,990
16.728,4,0
+14*1
+52"9
+ 64 2
+ 34
+12 L-1
+201 4
+1.5 5
-j-3ó 6
+131 I
•f’ lit'ö
11,114.524
1,5 6.794
1.234 510
535.3041
4<’0,000,
501,530
14>,600
7« >811
16.005,351
9.667,028
1.C07.408
1,085,188
0 0 861
495,872
461.006
300.000
120,163
56 260
14,113,094
11,359001
5,422,05 i
4 427.865
3.105.091
2,917 4-7
473,0.8
1,187.018
919,72
440.5 >8
234,95 »
334 621
475 85
52 409
74.84
3 j.,4ô1iio <*
-8 9
+23 7
+24 ô
-fv¿4 3
—ö 5
+6-7
+ 273
+2*8
+74-2
+53-1
+ 22 1
.“I 'll 1
■*•95 8
+11-'
+0 8
11/91.970
7,008.083
4,53 ,2.2
4.618,118
3,808 503
1.246 824
1,394 000
801,503
617,035
33 .426
435 777
015,159
61 675
0i 412
86 429,o87
1,102,« 92
128,245
225.190«
234.326
173.005
Ô ill7,280
5,28-<,992
3.083,170
3,440,205
2,713,885
1,308 213
923 440
515 990
3-8 915
601 »97
624.956
64,795
03815
20,111,0/1
The full details o f clearings for the week covered by the St. L o u is .......... .
+10-6
29.078,915
28 303 148
23 957 0 8
24,324,889
+31 3
13 472 552
11,109,32
10,927 0»6
11,3 «0 793
Orleans........
above statement will be given next Saturday. W e cannot, LNew
7,235.000
0,048,095
6.605 504
ouisville............. .
6 O05,OP4
ir r
3,120,630
2,879,700
2,913,826
2.092.120
o f course, furnish them to-day, bank clearings being made G alveston.......... .
-f-itf
8
8,0
3,762
2.0*7
610
8.441,184
2.96-, 78
H ouston............... .
+12-4
3,019,476
2,086 403
2 9 0,278
2,0-5,034
up by the various clearing houses at noon on Saturday, and Savannah..............
2.313 981
+1-0
2.2« 0.0*4
2.943,006
2,085,0 <3
R ichm ond.............
3,898,017
+02 »
1,935,018
1.923 8:8
1 953,24«
hence in the above the last twenty-four hours o f the week Memphis................
1,-584 852
+ 13 7
1,893. <30
1.256.603
1,483 871
Atlanta..................
1.260.355
1,0 8,139
+2> 0
1,050,173852.4«2
have to be in all oases estimated, as we go to press Friday n ight • Nashville.. . . . . . .
+9 7
899,814
994,175820,327
1,027,33
N orfolk..................
W e present below our usual detailed figures for the pre W a c o t.......... .. . . .
833,118
751,10
+tÓ'2
1,226,216 •
7 9 '.l9 l
Fort W ortn...........
710 009
—10 0
vious week, covering the returns for the period ending with A u gu sta...............
851,705
524,008,
09089?
490,2 (0
431 09 i +11-3
3.3,364,
4«0.«rS
.........
Saturday noon, January 22, and the results for the corres Birmingham
4-15 8
484,003
418 050
404 91
K n o x v ille ............
350.052
301,39®
2«l,75l
+321
2*7,760
L ittle R ock............
ponding week in 1897, 1896 and 1895 are also given. Con Jackson
—141
4Í0.3&3
225 000
261870
25i 31»
ville..........
313 9?P
+4 r3
24') 0 «0
235.0a7
2C
3W6»
c
«
at.t.anooga..
.
.
.
.
.
trasted with the preceding week, there is a decrease in the M acon......... ...........
733 000
000 00
+21-0
62,112«»,000«
72.905,077
63,604,905
+14 0
aggregate exchanges o f about forty-eight million dollars, and
T otal Southern.
at New York alone the loss is thirty-nine millions. In com T o ta l a l l . . . . . 1.. .. 398,134.26« ,057 0 ’ 5 83 < +32 1 946 floa.oa 915.058.085»
parison with the week o f 1897 the total for the whole coun Outside N. York 541,397,178 448.757,829 +211 450,oói>.io>, 420.637,046
10.363,496
10601,310
14,681 555
+ 38 5
try shows an iaorease of 32-1 per cent. Compared with the Montreal..
10, <42 69C
0,600,' 0«'
0,600000 5,044.187
+21-5
8.010,908
Toronto .
1.008.035
—1> -3
1,018.379 .
week o f 1806 the ourrent returns record a gain of 48/2 per SaUfAU....
1,19 4 901
1,130 755
752 087
020 53
/1 4 3 4 080 . 1,067,5 2 - +34.-4
cent, and the excess over 1895 is 53‘5 per oent. Outside of W innlfcès.
680 077
482,166
—11 7
700,350
601.O58
Hamilton.
651,007
New York the excess over 1897 is 21* l per oeat. The increase S t.J o h n ...
5 l l 7 '9
+7-8
«6 294 687
90 502 11 1 +37 7
Total 1*•
18.349,98À
10.402.477
over 1896 reaohes 2 J-6 per oent, and making comparison with
1895 the gain is seen to ba 29 2 per oent.
* N ot Included in totals. t Publication discontinued fo r th e present.
THE CHRONICLE.
206
through a legal technicality.
[V o l.
l x
\ i.
Whatever may be the
REPORTS OF TRUST COMPANIES I N N EW language of the contract, the United States will dis
Y O R K AND B R O O K L Y N
charge all its obligations in the currency recognized
On- pages 238 to 241 will be found complete reports
o f the condition of all the trust companies in New
Y ork City and Brooklyn on December 31 1897, as com
pared with December *31 1896 and June 30 1897.
THE F IN A N C IA L SITUATION.
The event of the week, and may we not say of the
season, has been the highly successful meeting of the
Monetary Convention at Indianapolis and the enthus
iastic adoption on Wednesday of the plan of currency
reform prepared by the Commission and made public
the first week of the current month, but only now sub
mitted for approval to the body which appointed it.
N o matter whether Congress shall or shall not adopt
just such a measure as has now been prepared and
proposed; that will not affect the historic character of
the work done by the Convention. Its action will none
the less mark a new epoch in our advance towards a
sound currency, for it is a most promising attainment
that the representatives of the country’s industries
have agreed upon a method which reformers all ad
m it has in it a sound purpose and decided merit.
May not this occurrence at Indianapolis and the
special animation and rapid advance in prices at our
Stock Exchange occurring at the same time be fitly
taken as a bit of sarcasm in some measure responsive
to that strange self-contradictory speech of Senator
Teller on his repudiation resolution ? It is a late stage
in the industrial development of the country for even
an indirect stab at the nation’s credit. Certainly the
Senator must admit his attempt was of that character
notwithstanding he said he was “ getting tired of the
position assumed by certain Senators because they
lived in the Eastern part of this country. They are
no more honest, they are no more strenuous in uphold
in g the public honor than I am.” In the face of that
vemark and immediately following it, Mr. Teller, in
order, we presume, that no more than the Pickwickian
sense intended might be inferred from the remark,
and his position thereby be misunderstood, added in
•explanation: “ I want to say here and now that I be
lieve in paying the debts of the Government in silver
even if that is the cheaper metal.” Neither is that the
end of the Senator’s effort at elucidation ; in the very
n ext sentence he asserts“ — the Government has the
Tight to the difference according to its contract.”
Such a standard of “ public honor” we are glad to be
able to say does not prevail in the East or in the
West. The Senator’s judgment is badly warped.
That no one need go East for a public opinion in
favor of a higher standard we think the author of
&his low standard resolution has found out by this
^tirne. He has heard the responsive protests his speech
lias -called out coming from every direction, even from
California, Senator White’ s home. Finally, he now
lias for serious meditation the doctrine the whole
•country endorses, and has endorsed again and again,
expressed by the President in a few
pithy
sentences. The occasion of
this utterance was
Ihe dinner Thursday evening of the National
Association of Manufacturer/. In an address deliv
ered at that time Mr. McKinley announced the creed
the large majority of our people in these words-^
* Nothing should ever tempt us—nothing ever will
nipt us—to scale down the sacred debt of the nation
as the best throughout the civilized world at the
times of payment.” That statement does not need
interpretation—no word in it admits of a doubt. On
the question of currency reform the President was
equally happy, clear and emphatic. In speaking of
the Government’s duty “ to coin money and regulate
the value thereof,” he said : “ This duty requires that
our Government shall regulate the value of its money
by the highest standards of commercial honesty and
national honor. The money of the United States is
and must forever be unquestioned and unassailable.
If doubts remain, they must be removed. If weak
places are discovered, they must be strengthened.
* * * It will not suffice for citizens now-a-days
to say simply they are in favor of sound money. That
is not enough. The people’s purpose must be given
the vitality of public law. Better an honest effort
with failure than the avoiding of so plain and com
manding a duty.” If Senator Teller has any more
resolutions to offer on these subjects, we say, as we
did last week, that public sentiment is ripe for them;
the experience of the week confirms our statement
“ that the business public does not want this question
suppressed. It proposes to join hands with Mr. Teller
in keeping the issue uppermost until it is definitely
settled in the United States.”
Our currency system is constantly forcing itself on
public attention by the extreme awkwardness of its
workings. A phase we have very often referred to,
but which is growing more and more conspicuous, is
that bank deposits, through its defective action, are
growing top heavy. Two movements this week will
tend to relieve the situation. Of these one is that the
Treasury Department began this week to draw in the
balance of the Union Pacific money now held by the
banks. On "Wednesday 10 per cent was called, and
hereafter each week an additional 10 per cent
will be withdrawn until the whole amount has
been transferred to the Treasury. Another oc
currence has been a notice given by the Fourth
National Bank of the reduction from 2 to 1^ per cent
in the rate of interest paid on deposits of interior
banks. Two of our Clearing House institutions never
pay any interest, two others pay only 1^ per cent, the
others pay 2 per cent. . We presume these’ latter will
reduce their rate very soon if money continues to de
cline, which, at the moment, is certainly the prospect.
Indeed, currency is still flowing to New York in large
amount, and unless something unforeseen occurs a
plethora of money at this centre for some time is the
outlook, notwithstanding the Treasury withdrawals of
deposits and the reduction by the banks in the rate
of interest paid for deposits.
Should business take
another start as spring opens that might lead to a
larger use for currency and so relieve the situation.
The movement looking to a consolidation of the
New York Central, the Lake Shore & Michigan
Southern, and possibly the Michigan Central, which
has been made the basis for an active speculation in
these properties this week at rising prices, seems a
perfectly natural one. Being all controlled by the
Vanderbilts, the lines have of course long been
worked in harmony. But it is easy to see that there
would be advantages in an actual merger or consoli
dation intended to bring the properties under a single
management. It would be possible for one thing to
January 29 i wv8
I HE CHRONICLE.
207
effect a saving in expenses, thus permitting operations The Reading statement for December has been issued
to be conducted at a lower unit of cost— an important this week, and the final result shows net for Decem
matter in these days of low and shrinking rates. ber 1897 of $979,959 against only $808,766 in Decem
Then, also, the physical location of the lines is such ber 1896. For the six months ending December 31
as to make a union, giving a system extending from it appears net earnings were $6,562,167, while the
New York to Chicago, desirable. The time, too, is proportion of the year’s fixed charges for this
specially favorable for the scheme. Business is on the period was only $4,470,000, leaving a surplus balance
increase, railroad earnings are improving, and confi of over two million dollars— $2,092,167. We have had
dence in railroad investments is again returning. Be this week too the preliminary annual return of the
sides this the refunding operations under way, by Delaware & Hudson Canal, and this also makes a much
which old high-rate bonds are being replaced by low better exhibit than expected. The year was a very
rate bonds in advance of maturity, will cause a unfavorable one in the anthracite coal trade, and hence
material reduction in interest charges.
The Lake it is no surprise to find a small falling off in gross
Shore refunding plan, it will be remembered, was receipts for the twelve months, namely $186,392. But
promulgated last year, that of the New York Central the company was able to effect a reduction in expenses
is now before the security holders, while a similar plan in the sum of $608,138 and hence net earnings im
for the Michigan Central can be undertaken whenever proved to the extent of $421,746. The result is that
the time is thought ripe for such a move. In these while in 1896 only a little over 5 per cent was earned
various ways the situation of the properties, from an for the stock, in 1897 the earnings were equal to about
investment standpoint, is certain to be improved, en 6| per cent. The company is paying 5 per cent. The
tirely independent of any consolidation, but consolida Delaware Lackawanna & Western likewise submits an
tion will add still another element of improvement. annual statement recording improved results. As in
Definite details regarding the proposed merger are not the case of the Delaware & Hudson, that road suffered
yet forthcoming, and the precise form of the arrange a loss in gross receipts, and as in that case also ex
ment is not a matter of great moment. The import penses were heavily reduced. Hence net for stock
ant fact is that material benefits are certain to accrue stands at $1,910,300, against $1,324,739 in 1896 and
to all the properties.
$1,354,660 in 1895, and for the first time in a number
What improving railroad earnings and refunding of years the income account shows the full 7 per cent
operations combined are doing for some railroad prop dividends earned.
erties is well shown in the case of the Chicago Rock
The Pennsylvania Railroad late yesterday afternoon
Island & Pacific Railway. Messrs. Speyer & Co. are issued its December statement of earnings, making a
this week offering $25,000,000 of the new refunding decidedly gratifying exhibit. There have been heavy
•bonds of this company to the holders of the old bonds gains for many successive months, but this is the first
to be retired, the offer to remain open until Feb. 17 time that the amount of the gain is in excess of the
unless the amount is exhausted earlier. In their cir previous year’s loss. On the lines East of Pittsburg
cular announcing the terms of exchange Messrs. and Erie the increase is $425,500 in gross and $26,100
Speyer & Co. inclose a letter from President Cable in net, and on the lines west of Pittsburg and Erie
which gives some interesting figures bearing upon $894,700 in gross and $430,800 in net. This makes
the condition of the company.
On the one hand the improvement on the combined system $1,320,200
Mr. Cable shows that the refunding operation, in gross .and $456,900 in net. The loss in December
when completed, will effect an annual saving in in 1896 was only $1,045,000 in gross and $240,100
terest charges of $496,621, on the other hand he in net.
Below we furnish a six-year comparison
makes the statement that for the nine months of the for the Eastern lines for December and the twelve
company’s fiscal year to the end of December the com months.
pany’s net earnings record an improvement of $1,525,1896.
198 over the corresponding nine months of the previ tiJNBS BAST OF 181*7.
1895.
1894.
1893.
1892.
P it t s b u r g .
ous fiscal year. Of course the saving in charges will
December.
I
1
$
3
»
1
5.617,801 5.192,304 5.630 601 5,163,7 80 5,302,845 5,984,
not count in the current fiscal year, which ends March Gross earnings.
Operat’g expenses. 3,963,607 3,554,107 3,939,997 8,604.871 3,567,690 4.4 04,27
31, but it is interesting to note that this saving and
Net earnings..
i,664,297 1,638,197 1.699,697 1 548,918 1,715,155
1,530,676
the increase in net earnings make together over two Jan 1 U>Dec. 3L
Gross earnings.. . 64,323.170 62,096.576 04,627.177 58,704,283 86,375.223 68.841.845
million dollars.
Opera t’g expenses. 43,691,108 43,892.808 44,944,309 40,363,744 46,996,016
48,819,362
The Denver & Rio Grande RR. Co. has arranged
Net earnings... 20,533.088 18.203,768 19,682,868118.340,589 19.379,208
20.022.48
for the refunding of the $6,382,500 first mortgage 7
per cent bonds maturing Nov. 1, 1900, into an equal
As December completes the year we may note that
amount of consolidated bonds reserved for this pur in the calendar year 1897 the company added $2,126,pose. When the consolidated mortgage was drawn in 600 to its gross receipts and $2,328,300 to its net re
1886 provision was made that the first mortgage bonds ceipts on the Eastern lines, and $2,051,500 to its gross
should not be extended but paid off at maturity, so and $2,165,000 to its net on the Western lines, makthat the bonds issued under the consolidated mort ing together $4,178,100 improvement in gross and
gage should become an absolute first lien on the $4,493,300 improvement in net, as against $5,940,900
property. The deed of trust also' gave authority to loss in gross and $3,540,700 loss in net the previous
issue consols to take up the first 7s at a higher rate of year.
interest if necessary than 4 but not exceeding 7 per
Money on call, representing bankers’ balances, has
cent. The new bonds are to be 4|s, so that the saving loaned this week at 2 and at 1-^- per cent, averaging 1-^
effected will be
per cent, equivalent to about percent. Some of the banks, notably thb Fourth
$160,000 per annum.
National, have marked their counter loans down to !-£Returns of railroad earnings continue highly satis per cent, but the majority of the banks and trust com
factory. Even the anthracite coal roads, which have panies quote 2 per cent as the minimum. Time contracts
been laggards so long, are beginning to do better. on good Stock Exchange collateral are in only moder-
J S208
THE CHRONICLE
ate demand, while the offerings are liberal, and rates
are 2^ per cent for sixty to ninety days and 3 per cent
for four to seven months. Banks report some increase
in loans on sterling collateral, but comparatively few
of these loans are made on time, borrowers preferring
to make contracts from day to day at 2 per
cent rather than to borrow for sixty days at
2£ per cent.
Commercial paper is reported in
liberal supply, while the demand is good, not
only from the city, but from out-of-town banks,
including those in Chicago, and there is no accumu
lation of names. Rates are 3 per cent for sixty to
ninety day endorsed bills receivable, 3£@4 per cent
for prime and 4@ 5 per cent for good four to six
months single names.
Not only, as already said,
does the movement of currency to this centre from
the interior continue large, but the outflow is like
wise small, and advices from the West show that
the banks in that section still have an abundance
of funds.
The political tension regarding the Chinese situation
seemed less strained at the end of the week. The dis
patch of the Maine to Havana appears to have had no
unfavorable influence in Spain, possibly because the
Spanish Government was assured that the intention
was that the Maine should make only a “ friendly call”
at Havana. This “ friendly call” will be returned by
a Spanish cruiser in this port. The Bank of England
minimum rate of discount remains unchanged at 3
per cent. The cable reports discounts of sixty to
ninety days’ bank bills in London 2f@2$- per cent.
The open market rate at Paris is 2 per cent,
at Berlin it is 2f@2§- and at Frankfort 3 per
cent. According to our special cable from London
the Bank of England gained £447,550 bullion dur
ing the week and held £32,563,736 at the close
»of the week.
Our correspondent further advises
us that the gain was due to the receipt of £710,000 net from the interior of Great Britain and
the shipment of £262,000, wholly to the Argentine
Republic.
The foreign bankers appear to hold the exchange
market with a firm grip, for the Changes have been
comparatively slight during the week, and these
changes were chiefly in long sterling and in cable
transfers. Running-off bills seem generally to be ex
changed for new long bills, thus continuing the in
vestment operation, and as few of the running-off bills
come upon the market for sale, rates for sight sterling
are well maintained. The slight recession in rates for
long sterling on Wednesday was mainly due to a lighter
demand for them at the moment. The easier tone for
cable transfers on that day also resulted from the small
inquiry for them, owing to the approaching completion
<of preparations for the semi-monthly settlement. The
Tange for nominal rates for exchange remained with
out alteration during the week at 4 83@4 83> for sixtydav and 4 85£@4 86 for sight. The market was in
tensely dull early in the week, and the changes in
rates for counter transactions were so slight that quo
tations for actual business were unaltered until Wed
nesday. Then rates for actual business in long sterling
and cable transfers were reduced one-quarter of a cent,
compared with those at the close on Friday to 4 82£@
4 82£ for the former and 4 84f@ 4 85 for the latter,
■and rates for actual business in short sterling were left
-unchanged. The market was quoted dull and easier,
with some offerings of bills against arbitrage pur
chases _otj securities^«- the feature. On the fo lowing
fV<Hi. L X V l.
day the tone was steady and dull and rates were not
quotably. changed; the same conditions ruled yes
terday. One peculiar feature of the market is notice
able and that is that rates for prime and for docu
mentary bills are the same. Bankers say that this is
due to the fact that the recovery in the open market
discount rate in London has restored the rebate on
documentary bills, making these bills as valuable as
prime commercial drafts, and hence they are quoted
at the same rate. Cotton bills for acceptance are
quoted at 4 81|@4 82, Cotton bills for payment are
4 81£@4 81f, and gram bills for payment are 4 82|.
The following shows daily posted rates for exchange
by some of the leading drawers.
DAILY POSTED SATES FOR FOREION EXCHANGE.
Fr i ..
Mo n .,
«3
85*
33*
36
S 3*
86
83*
86
83*
86
68*
86*
83*
8«
83*
80
88
85*
»8 *
86
83*
66
83*
86
83*
86
PS*
85*
83*
86
83*
86
Tun 8 . ' W sr...
T a r«,
Fr i .
83
65*
“« *
86
88*
86
83*
86
83*
86
83*
86*
as
86*
83*
86
83
86*
83*
86
83*
86
83*
86
83*
86
83*
85*
83
85*
83*
86
Jan. 21. Jan. 2*. Jan. 25. Jan.26. Jan. 27. Jan 28.
days.
Brown Bros....... (60
1 Sight..
<60 days
Baring,
Magoun & CO.. f Sight..
Bank British
(6 0 days.
No. A m erica.. <Sight...
Bank o f
(60 days.
M ontreal........ <8ight..
Canadian Bank (60 days
o f Commerce.. <Sight....
Ueidelbach, Ick- , 60 days
eiheim er & Co i Sight..
Lazard Freres.. ) 60 dhys.
1 Sight...
Merchants’ Bk. 160 days
o f Canada.. .. J Sight. ..
83
86*
83*
86
83*
86
83*
86
83*
86
83*
85*
83*
86
83*
86
S3
85*
83*
86
§3*
86
88*
86
83*
88
83*
85b«
83
85*
83*
86
The market closed dull and steady on Friday. The
range for nominal rates was from 4 83 to 4 83^ for
sixty day and from 4 85 J to 4 86 for sight. Rates for
actual business were 4 82£@4 82£ for long, 4 84£@
4 84f for short and 4 84f@ 4 85 for cable transfers.
Prime commercial 4 81£@4 82 and documentary 4 81 \
@ 4 82.
Cotton bills for acceptance 4 81 ¿@ 4 82.
Cotton bills for payment 4 81^@4 81|; grain bills for
payment 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 28,1898.
T otal g o ld and le g a l tenders —
Received by Shipped by
Net Interior
Movement.
Y, V. Banks. N. V. Banks.
$6,825,000
668,000
$939,000 Gam .$6,888,000
182,000 Gain.
486,000
$7,493,000
$1,121,000 Galn.$6.372,000
With the Sub-Treasury operations the result is as
follows.
Banks’ Interior m ovem ent,as above
Sub-Treasury o p e r a t io n s ....... . . . . .
Out of
B inks.
Into
Banks.
Week Ending January 28, 1898.
$7,493,000
17,900,000
Net Change in
B ink Holdings.
$1,121,000 Gain. 6,372,000
200,000
17,700,000 Gain.
T otal gold and legal tenders....... $25,393,000 $18,821,000 Gain $6,572,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
January 28, 1898.
Bank of
England........
F rance....
Germany*....
Aust.-Hung’y
Spain..............
N etherlands.
Nat. Belgium*
Oold.
Silver.
*
82.563,736
77,180,144
30,187,0 0
86.445.000
9,431,000
2,628,000
2,857,000
a
Total.
£
32,563,738
48,356,057 125,536.199
15.551,000 45,738.000
12.39 4,000 48.823.000
10,480 uOO 19,911.000
6.82 •000 9,458 000
l.i2U,n00 4,286.000
January 27, 1897.
Oold.
£
37.106,112
76,371.401
28,977,450
30,354,00.
8,528.' 00
t 2,635 000
2,795.333
Silver.
lotal.
£
£
37,106.112
49,1 8 88 i 125 545,281
14,927,0 0 43,904,450
12,635 000 42,989,000
10,240 000 18,768,00«
6.8 54 <00 9,489,000
1,39,667 4,193,000
Tot.this week 191,272 873 85,043.057 286.315,935 186,767,296 96.227.617 281,994,843
Tot. prev.w’k 18U.6l9.328 ^4 1^4,057 283,813,385 186,! 53.131 96,222 438 2*11,375,569
* T h e d iv isio n (b e tw e e n g o ld and stiver) g iv e n in o a r t a b le o f c o i n
and b u llio n In the B *nk o f G e r m a n y a n d th e B an k o f B e lg iu u is m a d e
fro m th e b e st e s tim a te w e a re a b le t o o b t a in ; in n e lt l^ r e a se is i t
cla im e d t o be a ccu ra te , as th o s e b a n k s m a k e n o d ls tln c .1 »a in t h e ir
w e e k ly retu rn s, m e re ly re p o rtin g th e t o ta l g o ld a n d s ilv e r, b u t w e b e
lie v e the d iv is io n w e m ak e in a c lo s e a p p r o x im a t io n .
N o r s .—We r e c e iv e th e f o r e g o in g re s u lts w e e k ly b y c a b le , a n d w h ile
n ot a ll o f t h e d a te g iv e n a t t h e h ea d o f t h e o o lu m n , t h e v a r e t h e r e
tu rn s iss u e d n e a re s t t o th a t d a t e —t h a t is , t h e la t e s t r e p o r t e d figure«.
J ANUAKY 39, 18S8.J
THE CHRONICLE
OUR E X P A N D IN G IR O N PRODUCTION.
209
We are certain that a play dramatized after this
fashion and with all the incidents truthfully portrayed,
would be highly successful. We have no doubt either
that it would be instructive as well as amusing. We
have already indicated that the make op iron the last
six months was large almost beyond precedent. The
first six months of the year the output was still mod
erate and fell behind the product for the first six
months of 1896. On the other hand, it was better
than for the last six months of 1896. The improve
ment that has occurred since the Presidential election
is thus reflected in a progressive increase, the output
the last half of 1896 having been 3,646,891 tons, the
first half of 1897 4,403,476 ton s and the last half of
1897 5,249,204 tons. The following is a record of the
half-yearly production back to 1886.
These halfyearly figures portray with great faithfulness the ups
and downs in general business which have occurred
during the last twelve years.
According to dispatches which have come from
Washington within the last week, the silver people
contemplate calling to their aid a new device. In
order to spread their propaganda and make the pub
lic see t i e folly and evils of the existing gold stand
ard, a company of Washington and Virginia politicians
and business men, including among others Senator
Jones, has been incorporated, we are told, under the
name of “ The American Drama Company.” The
first play to be produced by the new dramatic organition, the telegram states, is to be “ The Curse of
Gold.” From it, the dispatch adds, “ they (the .silverites) ardently expect the greatest results.”
As the American Iron & Steel Association at Phila
delphia has this week, through Mr. James M. Swank,
the Secretary of the Association, made public the
statistics of the country’s iron production for the late
calendar year, and as the iron trade is considered by
PRODUCTION OK PIG IRON IN HA.I.F-TBA.RLT PERIODS.
Tons.
Gross Tons.
many as the barometer of our industries, we would 1886—1st half....... ......2Gross
,6 <7.682 1 8 9 2 —
1st h a l f ...........4 ,7 6 »,6 8 3
2d
h
a
lf
................
3,045,612
h a lf .............4 , »87,317
suggest to our silver friends that, they use these statis 1887 1st h a lf ................ 3.043,29! 1 8 9 3 — 12d
st h * l f ....... ........... 4 ,5 6 2 ,9 1 8
lf ...... .
3,367,85!
2d half..................2,561,584
tics in their work of dramatization. Their play would 1888— 2d1sth ahalf
............3,023,092 1 8 9 4 —
1st h i l f ............ 2 ,7 1 7 ,9 8 3
3,469,646
2<l h a lf........... ...3,939,405
then we are confident make a decided “ hit.” The 1889— 2d1sthalf.................
half........... 3,661,6 >3 l - ) 9 5 —1st h a lf.....................4 ,0 8 7 ,5 5 8
2d half ................ 3,942,039
21 hilf.
. . . . . . 5 , 3 5 8 , 750
statistics are fresh, they are pertinent, and they possess
1890— 1st naif.............. 4,530,513 1 8 3 6 - 1 s t h a lf ................. 4, »7 6 ,2 3 6
2d half..................4.612,19 •
rare force and power— all points of great importance
2d h a lf..............3,646 891
1 89 1 — 1 st h a lf................ 3 .3 8 8 ,1 0 7
1 89 7 — 1 st h a l f . . . ................4 ,t " 3 , 4 7 6
2d half................. 4,911,763
in the presentation of a new play. To show what the
2d h alf.................. 5,249,204
“ Curse of G old” was doing to deprive the struggling
Combining the last six months with the first six
masses of the opportunity to work and make a liveli months, we find that the output for the whole of
hood, the silver people would naturally take the six 1897 was 9,652,680 tons. This is the largest total ever
months from July to December in 1897, for if we are recorded in a calendar year, but it is not the largest
to believe their orators that was a period when the total for any period of twelve months, since in the
“ Curse of G old” was fastened upon the country as twelve months ending June 30 1896 the make of iron
never before in the country’s history. They would was 10^- million tons— 10,334,986 tons. However, the
find an output of iron for these six months of roughly rate of production at the end of 1897 was far in ex
H million tons— an amount but once exceeded in any cess of that reached at any previous period. The
previous half-year period.
monthly report of the “ Iron Age,” it will be remem
To demonstrate how much better the toilers ivere bered, showed 188 furnaces in blast December 31 1897,
off under the opposite condition of things, the si ver producing 226,608 tons per week, against only 145
advocates would of course take the last six months furnaces July 1, producing 164,064 tons. On Decem
of 1896, when the silver forces went forth in battle ber 31 1896 the same journal reported 154 aotive fur
array and loudly proclaimed that they were going to naces producing 159,720 tons per week.
capture the Presidency in the interest of their devoted,
Hence at the end of 1897 the output was at the rate
followers and rid the country of the “ Curse of Gold” of nearly 12,000,000 tons per year.
It is note
— and when considerable numbers of people wore in worthy that the increase in production the last half of
clined to think they would be as good as their word. the year progressed without interruption from month
For these six months the product of iron was about to month, notwithstanding a great strike of the
3 f million tons, against the 5^ million tons for the last miners in the bituminous coal districts, lasting
half of 1897, the difference in favor of the latter period from July 1 to about the 15th of September. It
thus being over 1,600,000 tons, or almost 50 per cent. is further noteworthy that stocks during these
If after witnessing this statistical scene the audience six [months fell off, despite the great expansion in
should clamor for more, the silver adherents might production.
Mr. Swank reports stocks December
slightly change their "basis and compare with the last 31 1897 a little larger than on December 31 1896,
six months of 1893 when the country was thrown into the figures being 874,978 tons against 847,686 tons.
a state of panic because of a fear that the “ Curse of But if we compare with July 1 1897, we find that
Gold” might leave us and depart forevermore. The stocks then were 973,678 tons, against 874,978 tons
contrast in that case would be: 2,561,584 tons for the now. In the following table allowance is made for
six months of 1893 and 5,249,204 tons for the six the changes in stocks, so as to indicate the amounts
months of 1897, the latter larger by over 100 per cent. that went into consumption.
IRON PRODUCTION, STOCKS, IMPORTS, <feC.
As a fitting climax the silver people might add a final
scene tro picture the situation the last half of 1895, Tons of 2,210 Pounds. 1897.
1895.
1896.
189!.
1893.
1892.
when the hateful Morgan-Belmont gold contract set 8t’k o f pig January i* £17,686 506,132 161,328 707,318 635,616 627,23$
business reviving all over the land, and the “ Curse of Product’n dur’g year. 9/52,680 8,623,127 9,446,30« 6,657,388 7,124,602 9,157,000
Total s u p p ly ........ 10,500.366 9.129,259 10,107,636 7,361,7(6 7,660,118 9,781,233
Gold” was as decidedly in evidence as in 1897. This Stock
506,132 661,328
end o f year*...
871,978 817,686
707,318 535,616
last scene would show that the “ Curse of Gold” al Consum p. o f home pig 9,625,388 8,281.573 9,601,5 4 6,703,378 6,95 :,800 9,248,617
ways acted in the same way and with the same poten Imp’ts o f iron & steel. +155,000 265,500 378,208 3(9,249 138,195 191,168
tiality, that in the six months of 1895 referred to the Tot. consump., tons 9,780,388 8,517,073 9,079,712 7,012,627 7,391,2*5 9,713,085
* Including 36,200 tons net held in the warrant yards o f the Amerlc n Pig
Storage Warrant Company Dec. 31.18S9. not under the control o f makers;
omtput was also extraordinarily large— a little larger Iron
52.937 tons Dec. 31,1890; 30.900 tons Dec. 31, 1891: 29.500 ton« Dec. 31, 1892;
45.250 tons Dec. 31, 1893; 63,610 tons D e c.3 l, 1891; 61,800 tons Dec. 31.189 >.
even than in 1897, reaching then 5,358,750 tons.
136,037 tons Dec. 81,1896, and 218,lo9 tons Dec. 31,1897.
+ Partly estimated.
210
THE CHKONICLE.
It will be seen that the table includes a line giving
the imports of all kinds of iron and steel. These im
ports were formerly of very great importance. Lat
terly they hate been steadily dwindling, and it seems
likely that during 1897 the entries were not in excess
of 155,000 tons. Ten years before, in 1887, the im
ports were 1,783,256 tons. On the other hand, as the
imports have been diminishing the exports have been
increasing. Our table does not show these exports, as
the item was until the last two or three years an un
important one. It is evident however that allowance
will hereafter have to be made for this item in all cal
culations. The pig iron shipments alone in the late
year were considerably in excess of a quarter of a mil
lion tons, and shipments of all kinds of iron and steel
for the twelve months we should judge must have been
close to 650,000 tons. This refers simply to the bulky
forms of iron and steel. Including the finer articles,
which are never reported by weight, the value of the
shipments for the eleven months to November 30 (the
December figures not yet being available) were $56,855,771, which compares with $43,458,448 in the cor
responding eleven months of 1896.
A further characteristic marking the year deserves
to be mentioned. Prices for iron and steel remained
very low, and the great increase in production oc
curred in face of that fact. This is quite different
from the course in 1895 and most other years noted
for an exceptional output.
In those cases prices
"b oom ed ,” thereby occasioning the great expansion
in output. In the present instance it seems to have
been demand alone that caused the growth in
activity, values showing little improvement. The
early part of the year prices declined, and many
new low records were made.
This continued
until about July or August, when a recovery began
which lasted until October and November, when a re
action again ensued. Steel billets will serve as a
pretty fair indication of the course of the market.
Billets were quoted at $15 75@$16 00 at the beginning
of the year, at $13 70@$14 50 in May, at $13 80@
$14 75 in August, at $16 45@$17 50 in October and
at $15 00@$15 50 at the close of the year.
In steel rails there was an exceptionally sharp break
on account of the collapse of the steel-rail pool. The
price for rails in 1896 was $28 00, and it had been
fixed at $25 00 for 1897. But with the rupture of
the pool in February the price dropped to $16 00
with sales the remainder of the year at $18@$19.
The first effect of the break was to bring enormous
orders, but after that the demand was small, and
though the figures have not yet been compiled, it is not
believed that the output of rails was particularly large
in 1897. Below we show the average prices for the year
1897 on a number of leading articles of iron and steel
in comparison with the prices for the seven years pre
ceding. It will be seen 'that with one exception the
1897 averages are the lowest of all the years given.
rVcL. LXVI.
tions of iron made with the different kinds of fuel.
Charcoal pig and also iron made with anthracite have
been on the decline, while bituminous coal and coke
has been on the increase. This will appear from the
following.
PRODUCTION OF IRON ACCORDING TO FUEL USE^>
Tons of 2,240 lbs.
1897.
1896.
1895.
1891.
1893.
1892.
Bitumin’us coal & coke 8,464,692 7,166,171 7,950,069 5,520,224 5,390,184 6,822,266
Mixed anthr. &coke !
932,77? 1,116,112 1,270,899
914,742 •1297,646 1,568,093
Anthracite alone . . . . >
< 49,883 229,020
Charcoal....................... 255,211 310,214 225.341
222,422
386,789 537,621
T otal....................... 9,652,680 8.821.127 9,446,308 6,657.388 7,124,509 9.157,000
In studying the output for the different sections,
we find that the South as a whole has produced more
iron than in any preceding year, but that only two of
the‘ separate States, namely Alabama and Maryland,
are distinguished in the same way. The growth in
Illinois, however, has been fully as noteworthy as in
the South. Pennsylvania still maintains its pre
eminence and Ohio stands second, but a great way
behind. Here are the figures.
PRODUCTION OF PIG IRON BY STATES.
Ions of 2,240
Pounds.
1897.
So. States—
Alabama......
V irginia......
T ennessee...
W . V irginia..
K entucky....
Georgia........
Maryland....
T exas...........
N. Carolina..
Tons.
Tons.
947,831
307,610
272,130
132,907
35,899
17,092
193,702
6,175
922,170
386,277
248,338
108,569
70,660
15,593
79,472
1,221
2,151
1896.
1895.
1894.
1893.
1892.
Ions.
Tons.
Tons.
Tons.
Tons.
854,667
346,589
248,129
141,968
63,780
31,034
10,916
4,682
323
592,392
298,086
212,773
80,781
33,854
40,268
5,300
4,671
726,888
302,856
207,915
81,591
47,501
39,675
151,773
6,257
2,843
915,296
342,847
300,081
154,793
56,548
9,950
99,131
8,613
2,908
795,673
295,292'
291,738
86,283
44,844
49,858
123,398"
18,662
3,217
1891.
T otal......... 1,913,346 1,834,451 1,702,088 1,268,425 1,667,299 1,890,187 1,708,965
Pennsylv’nia 4,631,634 4,024,166 4,701,163 3,370,152 3,643,022 4,193,805 3,952,387
O h io............. 1,372,889 1,196,326 1,463,789 900,029
875,265 1,221,913 1,035,013
New York ... 243,304 206,075 181,702 175,185
191,115
310,395 815,112
92,490New Jersey..
95,696
59,163
55,502
63,273
74,305
87,975
Illinois......... 1,117,239 925,239 1,006,091 604,795
405,261
949,450 669,202
M ichigan.... 132,578 149,511
91,222
117,538
184,421 213,14595,171
W isconsin... 103,909 158,484 148,400
91,595
131,772
174,961 197,160
Missouri......
27,518
6,522
23,883
12,648
32,360
57,020
29,229
All o th e rs ...
68,833
82,241
86,565
18,202
57,164
86,893
67,167
Grand total 9,652,380 8,623,127 9.446.308 6,657,388 7.124.5^2 9,157.000 8,279,870
THE BR ITISH
COMMERCIAL MISSION TO
SOUTH AM ERICA—T RADE W ITH CHINA—THE
M ADAGASCAR CUSTOMS TARIFF—FRENCH
COLONIAL POLICY—IN D IA N CURRENCY
NOTE ISSUES AGAINST GOLD.
M
anchester,
January 19th.
The recent appointment by the British Govern
ment of an official commercial mission of inquiry to
South America is a remarkable because an unprec
edented step, but its significance and importance are
very likely to be unduly magnified abroad. It has
been taken upon the instigation of the Association of
Chambers of Commerce, of which the President is Sir
Stafford Northcote, son of the late Lord Iddesleigh, a
comparatively young man of amiable disposition who
is anxious to take a creditable part in furthering the
commercial interests of his country. Towards the ex
penses of the mission, which will be absent for twelve
months, several of the Chambers constituting the as
AVERAGE YEARLY PRICES OP IRON AND STEEL, 1890 TO 1897.
sociation, have guaranteed a sum of £855 in all to
1897. 1896. 1895. 1894. 1893. 1892. 1891 1890.
wards
the expenses of the enterprise, and the Govern
Articles—
$
$
$
*
$
$
$
$
Old iron T ra ils at P h ila..ton.l2 49 14 16 14 00 1195 16 43 19 48 22 06 2518 ment will provide the rest.
The two commissioners
No. 1 anth.fdy.pig at Phil. “ 1210
12 951310 12 66 1153 15 75 17 52 18 40
Gray forge pig iron atPhil. " 10 48
1109 1149 10 73 12 73 13 54 14 52 15 82 appointed to conduct it are Mr. Thomas Worthington,
Gray forge pig iron, Lake
of the firm of John Stuart & Co., of Manchester, Ameri
ore, at Pittsburg............“
9 03 30 39 10 94 9 75 1177 12 81 14 06 15 7h
Bessem ’r pig iron at Pitts. “ 10 13
32 1432 72 11 38 12 87 14 37 16 95 18 85 can barfkers, and Sir Vincent Barrington, formerly
Steel rails at mills in P a .. “ 19 58
28 0024 33 24 00 2812 30 00 29 92 8175
St’l billets at mills at Pitts. “ 15 08
18 8318 48 18 53 20 44 23 63 25 32 30 32 Secretary to the British Embassy at Madrid. The latter
Best refined bar iron from
has just resigned his appointment on the plea of ill
store at Phila............. 1001bs.l31
140 1 44
1 34 1 70
1 87 1 90 2 00
Best re’d bar iron at Pitts. “
110
1 21 125
1 20 1 50
1 64 1 71 185 health, and his successor has not yet been named.
It is rather interesting to note that there has been The relatively small amount contributed bydthe Cham
a considerable change in recent years in the propor bers of Commerce may perhaps be taken to be indica-
J a n u a r y 29 1898.]
THE CHRONICLE.
tive of what is an undoubted fact, that some of those
bodies represented in the Association do not approve
o f the mission and others accord to it only a lukewarm
support. A few of the larger and more influential
Chambers, those of Manchester, Glasgow and Liver
pool, have never joined the Association, although they
have more than once been invited to do so. The in
structions to the commissioners have been formulated.
These gentlemen are to discover the causes of any de
cline of which they may see evidence in the imports of
British productions into South America; to point out
methods of increasing them; to get at all the facts as
to foreign merchandise competing with British; to
ascertain how far the fraudulent imitation of trade
marks or false trade descriptions acts injuriously to
British commerce, and to inquire how far commercial
museums, such as those at Stuttggfrt and Philadel
phia, have been of use, if at all, in promoting
the export trade of other countries.
For the
present, at all events, the field of inquiry is
to be restricted to Chili, the Argentine Repub
lic and Southern Brazil, and its investigation is ex
pected to occupy the whole of the twelve months
during which the mission will be absen from England.
It is understood that the larger Chambers of Com
merce, not included in the Association, regard the en
terprise as likely to be fruitless, so far at any rate as
the objects defined in the instructions are concerned.
Some of those who are constituents of it take the same
view.
Undoubtedly, however, there are manufac
turers in some of the le£s important industrial districts
who think that the existing mercantile organization of
the kingdom needs some further assistance or stimulus
in order to enable it to compete more effectually with
foreign competition in many important markets
abroad. It .is urged, on the other hand, that British
merchants and manufacturers engaged in exporting
to such markets are already supplied with all the in
formation which the mission is directed to obtain, that
in fact it is a constant necessity of their business to
secure it, and that they are constantly doing so with
greater promptness than is possible in the case of an
official mission. It is pointed out, too, that the com
missioners will have to apply for intelligence to the
very men who are already engaged in the work for
their own benefit and that of their principals and cor
respondents at home. The report of the mission will
no doubt be looked for with much interest in Eng
land and abroad.
In this connection reference has been made to the
private commercial mission despatched nearly two
years ago to China by the Blackburn Chamber of
Commerce. A sum of £3,000 was subscribed for the
expenses of the mission, and it had the advantage of
Governmental countenance and of the assistance dur
ing its travels in China of a competent consular
officer. The members of it have been home several
months, but no report of their work has yet been
published. Such hints as have been afforded of its
tenor are, however, not very encouraging. On one.
point there are obvious reasons why the prospect of
opening up a larger and more direct trade with the
interior of China should not be very bright. Euro
pean and American houses at the treaty ports have no
branches or special agencies in the interior. For the
expansion and diversification of their business they
are consequently dependent entirely upon Chinese
intermediaries. Now these are all united in native
guilds which completely control the trade1 and are
211
among the most powerful commercial combinations
in the world. Even, therefore, if the existing treaties
could be so interpreted as to allow Western merchants
to have their own branches or agencies up-country,
not even the most influential of them would have the
temerity to take this step. They would be instantly
“ boycotted” by the native guilds, and their trade
would suffer accordingly. The problem thus pre
sented is, of course, only one of those which beset the
question of greatly extending tne commercial inter
course of China with the outer world. It may here be
observed that the recent declarations of Lord Salis
bury and other members of the Government as to
British objects in the solution of the existing critical
state of affairs in China have met with general ap
proval, and that particular satisfaction is widely ex
pressed with the favorable view taken in the United
States of. these declarations.
French cotton manufacturers are beginning to take
possession of the monopoly conferred upon them by
the conquest and the new customs tariff of Madagas
car. It was at first intended to apply the French
general tariff, which imposes duties on cotton goods
equivalent to about 90 or 100 per cent ad valorem. In
compliance, however, with the earnest and persistent
entreaties of French merchants engaged in trade with
the island, this project was abandoned and the actual
rates are practically the same as those of the minimum
tariff, averaging about 75 per cent. The new arrange
ment came into force in August last, and already it is
evident that French manufactures are rapidly taking
the place of American and English makes. At first
the substitution took place in bleached cloths. Now
it has spread to brown goods, the Rouen manufacturers
liaving succeeded in imitating American sheetings,
which have long held a high place in the estimation
of the natives, and the movement is extending to
colored goods. The change has been brought about
not only by the admission, duty free, of French pro
ductions, but also by the appropriation of English
and American trade-marks well known in Madagascar.
These have been registered in France, and although I
am assured on the best authority that the French
goods are not quite equal in quality to those which
they have supplanted, they are accepted by the na
tives because the latter cannot now be put on the
market in Madagascar loaded as their prices would be
by the import duty. Singularly, however, the last
issue of La Reforme Economique, a Paris protectionist
journal, contains an article entitled “ Les Cotonades k
Madagascar,” which plaintively urges the insufficiency
of the present tariff to do justice to the French man
ufacturers.
An example is given of brown Ameri
can sheeting (Cabots).
The cost price of these
is put down as 10 francs per piece in the United
States. Freight, import duty and other charges bring
up the "la id down'* price to 15*67 francs. The cost
in France is taken at 14*28 francs, to which is added
freight and octroi duties, making in all 15*5 francs per
piece. The slight difference in favor of the French
article is said to be insufficient. La Reforme Econom
ique declares that means must be found to secure
more effectively the Madagascar market for French
producers, and that the "Association de lTndustrie et
de ^Agriculture Frangafise” is at present engaged in
an endeavor to bring about this change.
Meanwhile it is interesting to notice that at a
recent meeting of the Society of Political Economy,
at Paris im rtant expressions of opinion, conceived
212
THE CHRONICLE.
in a very different spirit, were made by MM. ChailleyBest and Paul Leroy-Beaulieu. The former gentle
man is editor of “ La Quinzaine Colonicle % and the
latter of “ L’ Economiste Français,” and both gentle
men have considerable influence. The latter, although
a declared free trader, had no small share in bring
ing about the colonial commercial policy which
quickly became dominant in France after the passing
of the present French tariff in January 1892. He
then declared that /the high-protectionist practice
embodied in the tariff made it impossible for French
manufacturers to compete in the open markets
of the world. It therefore became necessary
for their prosperity that the colonial domains
of France should be extended and that they
should be reserved by appropriate tariff arrangements
for French productions. A t the meeting in question
both these authorities acknowledged, with some earn
estness, that if the colonies were to prosper, then
tariffs must be greatly relaxed, the ultimate declared
aim being to enable their inhabitants to exchange
their products freely with all the world on equal
terms. Both, too, protested against any further ac
quisition of colonial territory by conquest. Indeed,
M. Leroy-Beaulieu stated that the present French
military operations in the regions of the Upper Nile
are not being conducted with an eye to permanent
annexations there, but for the purpose of acquiring
possessions which may hereafter be exchanged with
England for territory now under British administra
tion. The latter was not specified, but it is supposed
that reference was intended to some of the Biitish
West African colonies.
The severe stringency which has recently arisen in
the Indian loan markets was referred to in this cor
respondence several weeks ago as an occurrence exceed
ingly likely to happen as soon as the season for the
movement of produce for export should arrive. The
season and the stringency are now upon us, and the
rates of discount have been driven so high that the
Government of India has been induced to adopt a
new device for the relief of the tension. Its purpose
is to induce a temporary flow of money from England
to India, and the circumstances under which it has
been brought forward, as well as the measure itself,
present an instructive object lesson to those who ig
nore or under-rate the consequences of the disorder at
present prevailing among the monetary systems of the
world. Here are two great countries— England and
India—both practically under the same orderly and
stable administration, knitted together by the closest
commercial ties with the most intimate, and to a large
extent identical, private banking and financial control.
In England loan money is overabundant, eagerly seeking
temporary investment at very low rates of interest.
In India it may be lent on excellent security at temptngly high rates. Last week the official rates of dis
count at the Banks of Bengal and Bombay wei;e succéssively raised, within a few days, from 9 to 12 per cent.
Why does the English surplus not instantly go out to
earn the profitable reward offered in the Dependency?
Smply because the owners of it cannot be sure of bringng home their capital without the risk of abatement by
serious fall of exchange in the interval between
he outward and inward remittance. The obvious and
ndubitable conclusion is that however favorable may
be the conditions otherwise tending to encourage the
nvestment of the capital of a community possessing
it in sunerabupdance, amongst another community
V o l , L X V ,i r
having a different and, in relation to its own, a vary
ing monetary standard, such investment must be
greatly restricted. Thus India and England—and
their case is typical of others—have alike sustained
immeasurable loss for a period not far short of a quar
ter of a century.
The plan of relief is embodied in a bill introduced
into the Legislative Council at Calcutta on the 15th
instant, and likely to be passed this week. It em
powers the Viceroy of India to issue additional “ cur
rency notes ” in India against gold delivered to the
Serctary of State for India in London, at the official
rate of exchange, Is. 4d. per rupee, fixed when the
Indian mints were closed to the coinage of silver for
private account, in June 1893. These notes are of
course redeemable in gold at the same rate, and thus
investors taking advantage of the new arrangement
are assured of a return of their capital without diminu
tion. It may be well to state that the Indian paper
currency system was established in 1861. The issues
were made against coined silver rupees, exoeptthe
fiduciary portion, which was limited to Rx. 6,000,000.
In 1890 this limit was raised to Rx. 8,000,000,
and in 1896 to Rx. 10,000,000, at which it now
stands.
These successive increases were effected
for the purpose of removing monetary stringency
from time to time. The new measure is intended
to be only temporary and it may be is of the
nature of an experiment. Of its success when brought
into operation, hardly any doubt is expressed. The
fact that it should have been- deemed necessary is,
however, a striking commentary upon the sanguine
expectations of those who—four and a-half years ago
—predicted a speedy realization of the objects aimed
at by the suspension of the free coinage of rupees in
June 1893, one of which was to establish a gold stand
ard in India without a gold currency.
MOVEMENTS OF GOLD AND SILVER
THE WORLD FROM 1871 TO 1898.
IN
It was twelve months ago that we prepared and pub
lished our usual annual figures of the gold and silver
production of the world for 1896. To attempt so ex
tensive a work so soon after the close of the year—a
work that requires for complete results the gathering
of information from every quarter of the globe— makes
it necessary to estimate the production in some small
measure for gold and in a larger measure for silver.
The field for estimates in the matter of gold pro
duction is steadily becoming narrower, because an in
creasing number of the sources of supply, year by year,
make public the actual results. A few of the smaller
producers, and Russia among the larger, are about all
from which at least approximate figures are not now
with industry procurable at that period.
Unfortunately, among the gold producers, Russia
is not only a large source of supply, the fourth in size
in the world, but has in late years been exceptionally
irregular in the quantities produced while giving out
the actual results very late. With reference to the
irregularity in the quantity of the output, the best
illustration is had by citing the official figures since
1892; in that year Russia’s product was given at 1,199,809 ounces, in 1893 at 1,345,224 ounces, in 1894 at
1,167,455 ounces, in 1895 at 1,397,767 ounces and in
1896 at 1,041,794 ounces. This situation was referred
to a year ago. We then said (while adopting for the
purpose of completing our compilation a yield in 1896
THE CHRONICLE.
J a n u a r y 29, 1898.]
the same as in the previous year, 1895,) that we had
n received no report from Russia, but are of the
opinion from the character of the mining in that
country that at best there will be very little, if any,
additional increase during the latest twelve months
and very likely the output will not be as large in 1896
as it was in 1895.”
1 8 9 « —PRODUCTION
REVISED.
It will be noticed, according to the foregoing, that
we expected the estimate we used for Russia's gold
product in 1896 would be excessive. We had no idea,
however, that the production would prove to be as small
as the official figures have made it. According to the
return to our Mint Bureau the 1896 result was only
1*041,794 ounces. To find a year nearest to that small
total in the amount of production we must go back to
1888, when the total was only 1,030,151 ounces.
In an English translation of the work entitled the
*t Industries of Russia,” edited by John Martin Craw
ford, United States Consul-General to Russia, and
published at St. Petersburg in 1893, we have an ex
planation for the wide changes which sometimes occur
in the gold production of that country. Among other
influences there mentioned are the weather conditions.
The writer states that “ the most essential element in
the extraction of nearly the entire production of gold
by the washing of gold-bearing sands is water. A dry
summer and a scarcity of water are very injurious.”
On the other hand, “ an excessive amount of water,
especially if it appears suddenly, bursts the reservoirs
3 jid sluices and produces a perfect drought.”
Again
he says that “ besides these meteorological phenomena
having a direct influence on the operations of the gold
workings, the price of bread also has a most important
effect;” it determines the cost of labor, which in some
localities reaches 900 to 1,400 rubles per man for a
working year, “ and a working year sometimes only
covers four or five months.” Again he states that “ the
gold industry is considerably influenced by legislative
measures and their frequent modifications, and
especially by the collection of dues upon the yield
c f gold;” to this latter fact, he asserts, “ may be ascribed
some of the most decisive fluctuations in the produc
tion of this metal.”
We do not at the moment know the real cause or
causes of the depression during i896 in the gold in
dustry of Russia which led to this large decrease in
the output of the mines ; not unlikely the loss was in
part due to more than one of the above-mentioned in
fluences. It will be noticed that the difference be
tween the actual production of Russia in 1895 and
1896 is 355,973 ounces. It is a striking fact that if
we subtract that amount (355,973 ounces) from the
world’s production in 1896, as we made it up a year
ago, a month after the year had ended, our total would
be 9,808,524 ounces, or almost precisely the same as
the Mints’ total given in the Mint report under date of
October 16 1897. We have however gone over the
figures of that year representing all other sources of
supply, revising them slightly wherever later returns
have made it necessary. After having done that our
total gold production for the whole world for 1896
stands, as will be seen by reference to our table, at
fl,827,106 fine ounces, valued at £41,743,581, or
#203,143,970.
The world’s silver production in 1896, as prepared
by us in January 1897, of course needs more revision
than the gold estimate. It is impossible at so early a
date to make up the output of the world’s silver
213
mines with the same approach to accuracy as we can
the world’s gold mines. The interest in the results
is not as wide and the official statements are not pro
curable as soon. Our 1896 figures, prepared in Janu
ary 1897, made the product of silver for the whole
world 161,035,300 ounces; the Mint Bureau, in its
report just published, reaches a total for the world of
165,100,887 ounces. This difference to be sure is not
large, but it is a difference that makes several changes
in our early estimates necessary. First and most
important of all is the result of the Mint Bureau’s
investigations for the United States; the figures for
1896 now given to the public prove to be larger by
more than 6 million ounces than its estimate in Janu
ary 1897. The final statement makes this country’s
silver product in 1896 58,834,800 ounces. Other
changes in our table, found as usual at the end of this
article, we need not specify. The results are all
revised to conform to the official returns.
1 89 7—GOLD PRODUCT OF THE WORLD.
As to the world’s gold production in 1897, the results
are highly satisfactory. We gave a forecast of the
outcome in an article written in August of last year
(see C h r o n i c l e , August 14 1897, pages 254, etc.,
especially 256), when we stated that the promise at
that moment was for a yield of at least 12,093,770
ounces, or $250,000,000. Our returns and estimates
to-day bring the total for 1897 up to 12,172,463 ounces,
valued at $251,626,721. To appreciate the]real force
of this revelation a simple comparison is all tha
is needed. During the five years ending with 1885
the aggregate gold production of the world had
dropped to its minimum. The average for those five,
years, according to our compilations, was only 4,913,550 ounces, valued at £20,871,777, or $101,511,922;
that is to say, the gold mines have increased their
product two and a-half times in about thirteen years.
Moreover, as we shall presently see, the rapidity of
this increase has been accelerating. This is not so
clearly indicated in the annual totals as in averages
made up of each succeeding two years—the high rate
reached during the year just ended having passed all
records.
It was in 1885 that the rumors of African gold
discoveries began to take definite shape. In Septem
ber 1886 the earliest results from workings on the
Sheba Hill property— which, as we all know, was at
that time spoken of as a mountain of gold—reached
London. We need not rehearse the facts with refer
ence to the speculation that speedily arose, or stop to
record its later progress. The incident is of interest
here simply (1) because it marked the turning point
in the decline of gold production, and (2) because
African discoveries seem to have proved a stimulus
that set the world of miners prospecting not only in
that country but in the mining sections of every other
source of gold supply. Moreover the impulse in that
manner given has continued to gain force from that
date; and this year we have the news of the discov
eries in the Klondike region, which has again brought
added energy and increased activity everywhere into
this same search and fresh supplies of capital to the
development in progress. We have stated what the
average production had dropped to for the five years
ending with 1885. For the next five-year cycle7 end
ing with 1890 the average production had risen to 5,320,834 ounces, valued at £22,601,764, or $109,991,216;
for the next five-year cycle ending with 1895 the aver
age production was 7,862; 103 ounces, valued at £33*-
Q 214
THE CHRONICLE.
396,663 or $162,523,820; while for the year 1896 the
ounces aggregated 9,827,106, and now in 1897 they
have reached the surprising total of 12,172,463 ounces,
valued at £51,706,188 or $251,626,721.
R u s s i a .— There is one doubtful item in the make
up of the year’s (1897) aggregate for the whole world,
and that is Russia’ s product. We have explained
above how erratic the annual yield in that country is
at times, and have also in the same connection given
the causes for past fluctuations. On this occasion we
are without any returns from that country and hence
the figures we use are wholly estimated. But the
estimate adopted is the yield of two years ago. In
favor of so high a product there seem to be several
reasons. Chief among them is a probability which
arises from a study of former gold-mining results in
Russia. The idea is that as the production in 1896
fell to an abnormally low point, it will rise to an ab
normally high point in 1897. Precisely that has been
the course of the movement recently in alternate
years. To illustrate what we mean we use the figures
heretofore cited, but arrange them so that the annual
changes may be seen at a glance.
[VOL, L X V I.
but the approximations emanating from that Bureau,
within the past few weeks have ranged between sixty
and sixty-two millions, and on Thursday the Director,
R. E. Preston, telegraphed us that “ from information
at hand I believe the gold product of the United States
will approximate $61,500,000.” There would conse
quently seem to be pretty close agreement between
the two authorities. Messrs. Wells Fargo & Co.’ s
statement in full is subjoined.
States.
Gold.
California............................... $17,621,959
N e v a d a ................................. 2,632,340
Oregon........... ..........♦........ 2,404,‘ 97
471,949
W ashington...........................
A laska................................... 3,5*1.000
Id a h o ...................................... 2,725,000
M ontana........... •.................. 4,450,000
Utah........................................ 1,663,254
C olorado................................ 18.326,554
New M exico.........................
533,678
A rizona................................. 3,892,991
Dabota.................................. 6,829,575
Texas.....................
5,000
W yom ing...............................
27,500
Silver.
$12,948
451,453
45.000
70,000
............
4,555,600
9,452,000
813,748
12,869,783
153,348
143,693
220,000
809,717
31,000
Orts and bast
bullion.
Total.
$1,195,917
234,052
11,900
26,160
52,000
2,741,000
26,325,500
6,770,440
3,780,492
193,000
8,698,^ l
36 000
1,800
2,500
$18,880,824
8,817,845
2,461,697
568,109
3,623,00010,021,605
40,2:7,500.
9,47,443
34,976,829
880,028
12,235,6056,085,575
316,517
61,000
Total United States .... 63,655,597
British Columbia, N. W . T. 6,175,000
29,128.290
3,150,000
50,069,682
1,257,000
142,853,46910,582,000
T otal all......................... $69,830,597
$32,278,290
$51,325^2
$153,435,469'
It is a notable fact that according to the above
statement California is no longer the largest producer
Russia’s production in 1892.......................... ..............1,199,809 ounces.
of gold. Although California produced over seventeen
Russia’s
“
“ 1893........................................................ 1,345,224 ounces.
and a-half million dollars of that metal in 1897, an
Russia’s
“
“ 1894.........................................................1,167,455ounces.
Russia’s
“
“ 3895........................................................1,397,767 ounces
addition of nearly two and a-half millions to the 1896
Russia’s
“
“ 1896..................... - ................. 1,041,794 ounces
Russia’s estimate for 1897.........................................1,397,000 ounces. total; Colorado mined eighteen and a third millions,,
In the above there is progress evidently— not in a result which places her in the van by almost
yearly cycles but in two-year periods. Had we fol three-quarters of a million. Furthermore, Colorado,,
lowed the same average in our estimate for the whose chief claim to prominence only a few years ago
final two years we should have had to make the lay in its production of silver, has made such marvel"
1897 total larger than the 1895 product. We are ous progress in gold mining of late that now the yield
inclined to think it will be; but desiring not to over represents much the greater value. This result is, of
estimate the probabilities we have merely repeated the course, largely due to the very rapid development o f
1895 result, although that method of procedure re mining in the Cripple Creek region. In fact it is.
quires the assumption that there has not only been no now quite clear that but for the labor troubles in that
progress but a retrograde movement in the output of region the lead would have been assumed by Colorado
the Russian mines since 1895. The belief in an in in 1896. Going back only three years—to 1894—we
creasing production finds additional support if the in find that in the interval the State’ s product has in
vestigation be carried back of 1892. By reference in creased approximately 100 per cent, California during
this article to the general table of the world’s gold the same period having gained only 30 per cent.
Another feature of the gold production of theproducts the reader will see that the recovery in
United
States this year is that apparently every State
Russia’s production really kbegan in 1887. The mini
in
which
the metal is mined, with the single excep
mum years were 1886 and 1887, when the two years’
average reached only 946,941 ounces. Ever since tion of Utah, returns an increase. Much of the Klon
then the figures have shown an obvious trend upwards. dike region being embraced in British Columbia the
We have no actual knowledge of the leason for the results only appear partially in the Alaska figures..
small output in 1896. It is obvious that the hind Still the product of that portion of the district over'
rances to mining must have been due to causes beyond which the United States has control shows an appreci
control. This seems obvious because Russia was seek able increase, the yield having risen from two million,
ing to put its currency on a gold basis, and conse dollars in 1896 to over three and a-half millions in
1897. Oregon, although but a small producer as yet,
quently had a special need for the metal.
increased
her output fully 90 per cent, and a fair
U n i t e d S t a t e s . — Wells, Fargo & Co.’s statement of
measure
of
increase is indicated in South Dakota*
gold and silver production, issued in San Francisco
Idaho
and
Arizona.
In Montana the addition to the,
this week, indicates very decided progress in the
previous
year’s
figures
has been slight. As we have
mining of gold in the United States in 1897. They
been
unable
to
obtain
from
the Mint Bureau any pre
make the aggregate product in the States west of the
liminary
estimate
by
States
for 1897, we use in the
Missouri River almost sixty-three and three-quarter
following
table
Messrs.
Wells,
Fargo & Co.’s figures
millions of dollars ($63,655,597), which compares with
for
that
year,
adjusting
them
to
conform to the total
$53,015,242, the figure at which they placed the out
for
the
whole
country,
which
Mr.
Preston has fur
put for 1896. This large increase is all the more
notable, following as it does conspicuous gains in the nished us. The 1896 and 1895 results are, of course, ,
years immediately preceding, while being greater in Mint figures.
amount than any of them. The 1897 result, stated in
fine ounces, wTould be approximately 3,079,000 ounces,
or an addition of 515,000 ounces to their 1896 aggre
gate. We have been unable to obtain as yet any
detailed estimate of production from the Mint Bureau,
GOLD PKODUCTION IN UNITED STATES.
G o ld —
,-----------1895.------------, ,----------- 1896.------------,
Production.
Ounces.
C a lifo rn ia ....
Colorado........
Montana.......
S outhD ak....
I d a h o ........ .
722,171 $14,928,600
643,634 13,305,100
168,405 4,001,400
Î87.I87 3,869.500
86,088 1,779,600
Va'ue.
Ounces.
Value.
737,036 $15,245,900
721,320 14,911,000
209,207 4,324,700
240,414
4,969,800
104,263 2,155,300
,----------- 1897.----------- ,
Ounces.
Value.
822, -70 $1* 000,000
836,239 17,700,000
212,’- 50 4,4 0,000
266,063 6,5 O.OOo
120,988 2,500,000?
Gold—
■4Production.
A rizon a ..........
O regon...........
N e v a d a ..........
Alaska . ..
Utah .............
N ew M ex ico,.
W ashington..
M ichigan........
South. States.
-Other States..
-1895.-
Ounces.
95,072
42,972
75,088
78,140
66,419
23,810
16,980
2,075
15,026
1,693
Value.
1,965,300
888,300
1,652,200
1,6'5.300
1,373,000
4-2,200
351,000
42,900
310,600
35,000
T o t a ls .... 2,254,760 $46,610,000
— 1897.-----
-----1896.—
Ounces.
Value.
Ounces.
125,978
2,604,200
6u,5i7 l.vftl.000
11P,401
2,468,300
9»,444
2,055,700
91.P0S
1,839,900
23,017
475,«00
19,626
405,700
1,800
37,200 \
13,371
276,400 V
827____17^1001
2,668,132 $53,088,000
Va ne.
159,638 3,300,000
111,28 4 2,300,000
125,775 2,6'>0,'00
159,6?8 3,30O,O00
79,819 1.650,000
24,187
500,000
21,769
450,000
14,513
300,000
2,975,067 $61.500,000
1897 gold figures for South Africa
furnish another illustration of a hindrance to gold
mining in one year resulting in an unusually large ad
dition to the product from the same source the follow
ing year. The causes for the check to production in
1896 were claimed to be the Jameson raid, the scarcity
of labor and the scarcity of water.
However accounted for, the result was an increased output of
only 34,968 ounces in 1896, against an increase in 1895
of 249,600 ounces and an increase in 1894 of 484,410
ounces. In fact the addition to the yield in 1896 was
insignificant as compared with the growth in any
previous year. On the other hand, the development
in 1897 was much the best in the record. The total
is found to be 2,826,916 ounces, or larger by 676,810
ounces than the 1896 product.
Our returns for Africa this year are even more com
plete than for previous years, although the monthly
results have ever since the movement began been
.given to the public in almost all cases with great
^promptness.
The Witwatersrand exhibit shows a
very gratifying situation. Each succeeding month,
with the single exception of July, returns a larger
total than its predecessor, and December is the largest
of all; indeed, that month's output is the largest ever
recorded. We subjoin the statement for six years.
A
f r ic a
the first time in 1897. In the Patchefstroom district,
the BufEelsdoorn mine has a little more than recovered
the loss in production entailed by adverse circum
stances in 1896. To illustrate clearly the growth in
production in the whole of Africa, we have prepared
the following, which shows not only in fine ounces but
in values the progress made from year to year since
1887 in developing the gold-producing industry of the
country.
AFRICA’ S GOLD PRODUCTION—FINE OUNCES.
. — The
■WITWATERSRAND DISTRICT—OUNCES VALUED AT ABOUT £ 3 10S.
1892.
1893.
1894.
1895.
1898.
1897.
January..........
84,561
108,375
149,814
177,463
14«,177
2f 9,832
February........
86,649
93,253
151,870
169,296
167,019
2i 1,000
March................
93,244
111,474
165,373
184,945
179,154
232,067
A p r i l ................. 95,562
112,053
168,745
188,323
176,707
235,698
M ay.................... 99,436
116,912
169,774
194,581
195,008
248,305
June................... 103,253
122,907
168,162
200,942
193,641
251,529
J u ly ................... 101,280
126,169
167,953
199,453
203,874
242,479
August........... 102,322
136,089
174,977
203,573
212,430
259.603
..September..... 107,852
129,585
176,708
194,765
202,562
262,150
O ctober...... .
112,167
136,683
173,379
192,652
199,891
274,175
N o v e m b e r.... 106,795
138,640
175,304
195,219
201,114
297,124
D ecem ber...... 117,748
146,357
182,104
178,429
20,315
310,712
Ounces.
Totals.......1,210,869
1,478,477
215
THE CHRONICLE.
J anuary 29, 1898.J
2,024,163
2,277.641
2,286,892
3,034,674
Year.
r-Witwatersrand—, ,-------- Other-------- . -----------Total ------■
Ounces.
£
Ounces.
£
Ounces.
£
1837 (part y e a r).... 28.754
122,140
1888.......................... 190,266
808,210
1889 .......................... 316,023 1,342,404
1890 ........................... 407,750 1,732,041
1891
............. 600.860 2,552,333
1892
............. 1,001,818 4,255,524
1SH3...............
1,221,161
5,187.206
1894........................... 1,637,773 6,956,934
1«95...........................1,845,138 7,837,779
..............1,857,071 7,888,465
1896
lh07........................... 2,499,975 10,618,628
...........................
50,000
212.390
50,000
212,390
71,552
303,939
127,052
539,691
143,701
631,652
159,977
679,550
227,785
967,500
270,000 1,146,906
293,035 1,244,755
326,941 1,3 8,780
T otal....................11,606,579 49,301,664 1,725,023
28,754
240,266
366,023
479.302
727,912
1,150,519
1,381,128
1,865,598
2,115,138
2,I5",106
2,826,916
122,140
1,020,600
1,554,794
2,0^5,980
3,092,024
4,887,176
5,866,756
7.924,434
8.P84.685
9,133.220
12,007,408
7,327,55313,331,602 56,829,217
According to the foregoing the entire production of
the A frican mines for the ten years since the first
opening was made has been 13,331,602 fine ounces,
valued at £56,629,217.
A u s t r a l a s i a . — In line with the reports from other
countries, our returns from Australasia furnish evi
dence of a materially enlarged production of gold in
the country in 1897. Chief attention has been drawn
to West Australia as the indications were, even before
1897 opened, that there would be a considerable in
crease in the yield as a result of the strenuous effort
put forth with that end in view. At the same time it
was hardly expected that the development would be
so rapid as it has turned out to be. From a total of
281,265 ounces in 1896 the output has increased to
674,983 ounces in 1897, or a gain of 140 percent, with
the prospect that the 1898 yield will go ahead of either
Victoria or Queensland. In this latter colony a grati
fying increase during the year is to be recorded, but
in Victoria the addition to the previous years aggre
gate has been unimportant. New South Wales shows a
fair measure of increase ; on the other hand New
Zealand has a decrease of 12,078 ounces.
Below
we give tables indicating the product of each colony,
the first table in gross ounces and the second table in
fine ounces. The figures are in some cases in part
estimated, but are believed to be close approximations.
In obtaining the fine ounces 8 per cent has been de
ducted for base metal in 1894, 1895, 1898 and 1897,
but for previous years the reduction is a trifle more,
being made for each province on the basis of the
official returns made to us.
This growth in production is stated to be due to
better working conditions in the mining districts and
‘to an increased number of mines in which milling
operations are now taking place regularly. The in
dustry would consequently appear to have been car
ried forward under no unusual stimulus ; that the rePRODUCT OF GOLD IN AUSTRALASIAN COLONIES—GROSS OUNCES.
•gults are only the ordinary development under favor
South Tasma- Total Aus
St. Queens Western New
able surroundings. In the districts other than the Trs. Victoria. New
Wales.
land. Australia. Zealind. Australia, nia. tralasia.
127,460
34,209
193,193
24.8 U 20,510 1,599,350
18
*0.
.588,560
610,587
Rand the progress has not been marked. The DeKaap
30,311 251,996 28,700 48,709 1,651,151
1891..576,399 153,335 581,641
District contains a number of important workings, 1892.. 654,456 156,870 605,612 59,548 237,392 38,974 43,278 1,796,130
1893..671,126 179,288 616,940 110,890 220,811 33,820 37,687 1,876,562
but its aggregate product for the year has made no 1894..673,680
324,787 675,000 207,131 221,533 35,844 57,873 , 2,195,848
gain over 1896, the Sheba mine, the heaviest producer, 1895..740,046 860,165 631,682 231,513 293,4wl 47,343 54,964 2,959,244
1396..805,087 2 <6,072 638,212 281,265 263,723 29,004 62,586 2,375,94
indicating a falling off in yield of 11,292 ounces. In 1807..812,765 *315,000 797,000 674,983 251,644 *35,000 *75,000 2,961 39
fact the Barrett mine is the only one in the district * Estimated.
PRODUCT OF GOLD IN AUSTRALASIAN COLONIES—-FINE OUNCES.
which shows an appreciable increase, its output hav
New South Tasma 7 otal Aus
Ne w So. Queens Western
ing risen from 7,237 ounces in 1896 to 10,310 Frs. Victoria. Wales. land. .Australia. Zealand. Australia. nia. tralasia.
1890..554,225 116,774 531,096
30,603 180,968 21,541 17,965 1,453,
ounces in 1897. The Lydenburg district, however, 1891..530,2.-7 141,069 616,710 27,886 231,837 26,404 44,497 1,518,69
•has done much better than in the preceding year, 1892..602,100 142,227 545,051 54,785 218,4 01 35,857 39,817 1,028,238
1893. .612,467 163,571 562,649 101,133 206,852 30.844 34,377 1,711,892
fhe Transvaal Gold Mining Estates recording a 1894..819,786 298.8)4 621,000 190,561 2 3,810 33,976 53,243 2,020;i80
1895.
.689,874 331.351 581,147 212,992 270,013 43,556 50,567 2,170,505
yield of 30,286 ounces, as compared with 4,805 1896..740,689
272,386 587,155 258,764 242.621 26,684 57,579 2,185,873
in 1896, to which figure production had fallen 1897..747,744 289,800 733,240 620,984 231,513 33,200 69,000 2,724,480
G o l d P r o d u c t o f t h e W o r l d . — While the fore
from 33,300 ounces in 1895.
The Lisbon-Berlyn,
another mine in this district, also makes a very favor- Jgoing analyses cover the principal countries in which
able exhibit, and a number of mines were worked for ] the mining of gold is making rapid strides, it do
THE CHRONICLE.
216
not comprise all of them. For fully a year past great
interest has centred in the Klondike fields and expe
ditions to that far-away region are constantly being
organized. That the district is very rich in gold is
beyond doubt, but that so large a production as many
look for will be realized in the near future is hardly
probable owing to the difficulties to be overcome.
With only a short open season for work, the most im
proved meihods are necessary to obtain satisfactory
results. While the greater majority of those who
have gone to the fields in search of gold are Ameri
cans, the fields themselves are located in British
Columbia and their product therefore is to be credited
to the Dominion of Canada, and this accounts for the
heavy output of about six million dollars reported for
that country the past year. India is still another source
of supply in which gold production is making progress.
During the year 1897 the yield of the Colar gold
fields, from which almost all the gold produced in
India is obtained, was 389,779 gross ounces, against
321,878 gross ounces in 1896 and 250,114 gross ounces
in 1895.
Austria-Hungary, although a small pro
ducer, likewise made some gain in the year just
closed. For 1896 the official returns give the output
as 3,278*2335 kilograms, equaling 105,395 fine ounces,
and through the kindness of the Austro-Hungarian
Consul-General at New York, we have obtained an
estimate for 1897, which is 3,371 kilograms, or 108,378
fine ounces.
Without further comment we now bring together
the figures representing the world's gold production.
The total product in 1897 has been heavy, nearly 121million ounces, making the year’s increase 2,345,357
ounces in 1897, which compares with an increase of
only 175,103 ounces in 1896 and an increase of 996,781
in 1895.
G O L D . — W ORLD ’ S PRODUCTION IN OUNCES.
Fine.
Ounces.
1871 .....
1872 ..........
1873 ......
1874 ........
1876 ......
United
Australia. States. Russia.
Ounces.
2,378,729
2,150,417
2,114,910
1,993,460
1,895,615
Other
Africa. Countries. Total.
Ounces. Ounces.
1,890,947
1,856,601
1,907,112
1,870,973
1,944,030
Ounces.
1,264,000
1,215,000
1,066,000
1,068,000
1,050,500
Ounces. Ounces.
470,832
470,832
470,832
470,832
470,832
T ot.’71-75.10,533,131 9,475,723 5,663,500
Total
V a lu e s .
£,
6,010,508 25,531,436
5,692,910 24,182,843
5,558,854 23,612,900
5,403,205 22,951,989
5,380,977 22,772,368
............ 2,354,160 28,026,514 119,051,028
1876.. . . . . . 1,608,082 2,086,009 1,081,778
1877 ...... 1,581,498 2,188,785 1,317,741
1878 ...... 1,407,564 1,890,947 1,354,500
1879.. ... 1,425,872 1,017,269 1,385,900
1880 ...... 1,443,898 1,741,500 1,391,200
470,832
522,532
525,071
607,510
634,508
5,306,701
5,010,554
5,184,082
5,030,551
5,211,160
22,541,805
23,832,511
22,020,944
21,394,201
22,135,991
T ot.’76-80. 7,526,912 9,530,510 6,531,179
2,700,453 20,349,054 111,925,512
1881 .....
1882 ......
1883 ......
1884 ......
1885 ......
1,475,161
1,438,067
1,333,849
1,352,761
1,309,804
1,181,853
1,154,613
1,132,219
1,055,642
1,225,738
641,354
660,927
942,184
1,004,530
928,717
4,970,980
4,825,794
4,859,502
4,902,889
5,002,584
21,141,218
20,499,008
20,642,193
20,820,492
21,249,970
T o t.’81-85.
1886 ......
1887 ......
8 8 8 ..........
8 9 -------i ' ................
6,909,642 7,730,324 5,750,065
1,257,070 1,093,125 922,226
1,290,202 1,596,375 971,050
1,344,002 1,604,841 1,030,151
1,540,007 1,587,000 1,154,070
1,453,172 1,588,880 1,134,590
4,177,718
1,171,342
1,174,603
950,303
963,539
1,055,507
24,507,749
5,044,363
5,001,490
5,175,623
6,011,245
6,711,451
104,358,885
21,427,445
21,499,815
21,985,011
23,835,447
24,201,102
1,678,612
1,572,187
1,451,250
1,489,950
1,538,325
28,754
240,200
306,023
479,302
[V ol. L X V I.
1 8 9 7 —SILVER PRODUCT OF THE WORLD.
To indicate so early in the year the course o f
silver production in 1897 is a very difficult affair.
As we have stated in a preceding portion o f
this article, there is lack of interest in the results
with regard to silver, and in consequence but littleeffort is made by mining companies to furnish early
information. Such returns as we have been able to
obtain seem to warrant the conclusion that there has
been a further small drop in the output of the mines
of the world, and that most of the principal producing
countries share in the decline. The chief data thus,
far secured is for the United States furnished by
Messrs. Wells, Fargo & Co. They make the yield in
this country approximately $34,000,000, or say 57,000,000 ounces, silver being valued in the statement
at sixty cents per ounce. Comparing this with the
final result for 1896, as only lately made public by the
Mint Bureau, there would appear to be a falling off
of over one and three-quarter million ounces. I t
should be remarked, however, that, so far as silver
is concerned, Messrs. Wells, Fargo & Co.’s annual
figures have been quite uniformly less than those
issued by the Bureau. In fact for 1896 their total
was but fifty million ounces, whereas the Mint made
the aggregate 58,834,800 ounces. Whether the dis
parity of former years will be maintained in 1897 it is
not for us to say. Without further comment webring
forward our usual statement of the production of
silver each year, beginning with 1881 and including
an estimate for 1897.
S I L V E R . —WORLD’ S PRODUCTION IN OUNCES AND STERLING.
Fine
Ounces.
1881............. .
1882............. .
1883............. .
1884............. .
1885 .......... .
United
States.
Ounces,
Mexico.
Ounces.
A ll Other
Australia. Countries.
Ounces.
Ounces.
33,200,000
36,200,000
35.730,000
37,800,000
39,910,000
23,685,215
23,702,183
23,950,030
25,679,045
20,919,511
97,090
64,655
110,012
145,644
839,749
24,220,650
27,592,415
29,549,548
22,593,531
25,779,655
T otal ’81-’85.182,900,000
1880............. . 39,440,000
1887............. . 41,280,000
1888............. . 45,780,000
1889............. . 50,000,000
1890............. . 54,500,000
124,002,584
27,037,342
28,017,287
28,202,071
32,979,770
33,623,049
1,263,150
1,053,903
3,184,930
0,481,374
9,150,635
11,277,603
129,741,799
27,379,873
25,653,312
27,173,470
32,069,774
32,627,692
Tolal ’86-’90.230,980,0<JD
1891............. . 58,330,000
1892............. . 63,500,000
1893............. . 60,000,000
1894 ........... . 49,500,000
1895............. 55,720,945
150,519,519 31,148,105
35,719,237 10,000,000
39,504,800 13,439,011
44,370,717 20,501,497
47,038,381 18,073,440
40,902,78■< 12,507,335
Total.
T otal
V a lu e s .
Ounces.
81,208,961 17,502,450
87,619,253 18,847,371
89,352,190 18,824,45986,218,220 18,186,656
93,448,915 18,933,140
437,907,539
95,511,178
98,115,529
107,690,915
124,199,779
132,028,344
92,294,08218,057,582
18,243,356
19,239,605
22,089,141
20,233,767
144,904,121 557,551,745
33,910,175 137,965,412
30,496,175 152,939,986
41,228,063 166,100,277
53,140,690 107,752,517
53,«83,231 169,180,249
103,863,440
25,900,276
25,370,513
24,655,510
20,226,41021,059,416
T otal ’91-95.287,05 \945 213,5«5,873 74*021,983 218,76 «,3 tO 793.98>*,4tl 117,212,125
1898............ 58,834,801 45.648,424 15,160,077 45,459,586 1« 5,100,887 20,981,571
1897 (est.).. 60,000,000 45,000,000 14,000,000 42,000,000 161,000,000 18,489,844
t V alues o f silver in this table are com mercial values and are com
puted on the average price each year of silver as given by Messrs.
Pixley & Abell, London. Value of & in this table $4-8665.
The figures in the above table for 1897 are of course
estimated and incomplete. For 1896 the total pro
duction will be seen to be fully 165 million ounces,
of which the mines of the United States contributed a
little over one-third.
T o t.’ 88-90. 0,885,653 8,070,221 5,212.699 1,114,345 5,321,254 20,004,172 113,008,820
9 1 ..........
1952..........
i 9 3 ..........
189 4 ..........
1895 ..........
1,518,690
1,638,238
1,711,892
2,020,180
2,170,505
1,604,840
1,597,098
1,739,323
1,910,813
2,254,760
1,108,764
1,199,809
1.345.224
1,107,455
1,397,707
727,912
1,150,519
1,381,128
1,865,538
2,115,138
1,260,029
1.450,158
1,497,069
1,091,230
1,718,833
6,280,235
7,041,822
7,675,230
8,055,222
9,052,003
26,702.669
29,912,251
32,002,907
30,705,052
40,999,778
T o t.’g i ^ . 9,059,505 9,106,834 0,279,019 7,240,235 7,624,925 39,310,518 100,983,317
1896 ..... 2,185,872 2,568,132 1,041,794 2.150,106 1,881,202 9,827,106 41,743,581
1897 (est.)2.724,480 2,975,007 1,397,000 2,826,910 2,249,000 12,172,403 61,706,18-«
The ounces in the foregoing table may be turned into
dollars by multiplying by 20*6718.
The value in
pounds sterling has been ascertained by multiplying
the ounces by 4*2478. Thus, according to the above
the product in 1897 stated in dollars is $251,626,721
and in sterling £51,706,188. That aggregate compares
with $203,143,970 and £41,743,581 in 1896, and $199,524,276 and £40,999,778 in 1895.
A R E L IF E INSURANCE PO LICIES T A X A B L E
A S PERSO N AL P R O P E R T Y .
The Indiana Supreme Court has within a few days
rendered a decision of wide interest and of far-reach
ing importance, involving the question whether life
insurance policies are taxable as personal property.
The question has never been raised before. Indiana
is the first and the only State that has endeavored to
tax life policies. Indeed, so far as is known no civil
ized government has previously attempted, either by
legislative, executive or administrative action, to select
and treat such policies as property which ought to be
taxed.
J a n u a r y 29, 1898.]
THE CHRONICLE.
217
Indiana itself had up to the present effort consist other than that provided for ordinary and tangible
ently refrained from any move of that kind. Coun property, by which to secure a just valuation thereof
sel for the policy holders, who won their case, in com for taxation, none stands more in need of it than
menting upon the unusual character of the tax, life insurance policies.”
pointed out that even during the Civil War, when the
But is there any reason to think that the present
exigencies of the situation demanded the taxation of statute was meant to cover insurance policies? If the
every taxable subject, this tax was not thought of. tax law can be construed to include such policies, says
So, too. the nations of Europe, in time of war and the Court, then every tax law that was ever enacted
struggling under their enormous debts, he declares, under the present Constitution of the State has likewise,
have never had recourse to it. He urges, therefore, that included them, and yet never before was it supposed they
had the tax been declared legal, the united agreement were so included. “ Such laws have uniformly been
of all mankind would have been reversed, and from construed and acted upon as if they were not intended
this the importance of the matter will be understood. to select such policies as subjects for taxation, nor
The reasoning by which the Court reached its con has any attempt ever before been made by any of the
clusions will attract close attention. The case was officers charged with the duty of executing such
that of John H. Holliday and others against the State laws in this State to assess and value for taxation such
Board of Tax Commissioners. The Commissioners had policies.”
sought to compel policy holders to list their policies
The Court also points out that in the absence o f
for taxation under the tax law of 1891. The plain, judicial decisions long eustom gives a construction to
tiffs in the action brought suit for themselves and in the law which cannot lightly be disregarded. For a
behalf of many other persons, citizens of Indiana, period of over forty years the several tax laws that
similarly situated, to enjoin the Board. The suit was have oeen in force in the State, all of them practically
tried in the Circuit Court and judgment given for the the same as the present one, as to the question whether
plaintiffs, perpetually enjoining the Indiana officials they embraced life insurance policies as subjects for
from listing the policies. Erom this judgment an taxation, have been uniformly acted upon and con
appeal was taken by the Tax Commissioners to the strued by the thousands of officers charged with the
Supreme Court, which has now by a majority opinion duty of executing them, and by the tens of thousands
confirmed the ruling of the lower court.
of taxpayers during that period, the Court says, as if
A number of technical points were raised, but the they did not embrace or include as subjects of taxa
Court pointed out that the cardinal question lying at tion policies of life insurance. “ During all that time
the bottom of the whole controversy was whether life no taxing officer ever attempted to assess them for
insurance policies are legally subject to taxation in taxation and no policy holder ever placed any such
Indiana. It was conceded by the Tax Board that no property on his schedule or list for taxation. And
insurance policies of any description had ever previ during all that time we had highly penal statutes in
ously been taxed by the State. But the Board relied for force against the failure to list any property subject
their right to list the policies on Section 3 of the tax to taxation, and during all that time each property
law of 1891, which provides that “ all property within owner was required by the several tax laws to take
the jurisdiction of this State not expressly exempted and subscribe an oath substantially that his schedule
shall be subject to taxation,” and also upon the pro contained a full list of his personal property subject
vision of Section 50 of the same law, which in speci- to taxation. And yet during all that time no tax
fiying what shall be embraced in the various sched payer was ever prosecuted for perjury in failing to
ules refers to “ all other goods, chattels and personal place upon his schedule a life insurance policy, though
property not heretofore specifically mentioned, and there were thousands of such policy holders among
their value, except property specifically exempt from the taxpayers of Indiana.”
taxation. ”
The presumption is, the opinion declares, that these
The Court points out that the power of taxation is a facts and this situation were known to the Legislature
sovereign power and belongs exclusively to the legisla when it passed the act of 1891. More than that, in
tive department of the government. But it says that the light of such facts the intent not to include such
the statute must not only provide what property shall policies for taxation purposes seems apparent. Be
be taxed, but it must provide methods for the valuation sides all this, the circumstance already mentioned
of such property, and clothe some person, officer or that the 1891 law provides no regulations for the val
tribunal with power and authority to assess such uation of the policies must be regarded as conclusive
valuation, and if the statute contains no such pro of the Legislative intent. In that and subsequent
vision it will be insufficient to subject such property statutes the Legislature has provided special regula
to taxation.
tions for the valuation of all those classes of property
On account of the peculiar nature of life insurance that are difficult to value, regulations different from
policies and the difficulty of determining their value, those provided for ordinary property. Among these
there would have to be regulations for fixing their special classes may be enumerated the property of
value for taxing purposes. That value, the Court banks and bankers, foreign corporations, such
well says, depends upon many circumstances and con as insurance companies, telegraph companies,
tingencies, such as the financial condition and earn telephone companies, express companies, sleeping
ings of the company (a oondition a knowledge of car companies, railroads and the like. Special regu
which is more than likely not within the reach of the lations are provided by statute for valuing all these
taxing officer or the policy holder), the legal effect of several classes of property. This being so, why did
the contract of insurance, and a system of complicated, the Legislature provide no regulations for the valua
scientific, mathematical calculations known only to tion of life insurance policies if it intended to include
experts. “ Certainly if there is any property in all them by the language ef the 1891 tax law ?
the wide world that calls for and absolutely requires
The conclusion, therefore, is that the Legislature
some fixed method or regulation prescribed by law did not intend to make life insurance policies subjects
21&
TBE CHRONICLE
of taxation. Furthermore, as the law failed to pro
vide any regulations for or manner of assessing or
valuing such policies for taxation, the action of the
Tax Commissioners in themselves seeking to provide
such regulations is without authority of law and void.
THE N E W YORK L IF E AS A FINANCIAL POWER.
[V ol . LXV I
The record is the more noteworthy since, as every one knows»
the company has had to meet the active competition of rival
companies.
IM P ORTS AND E X P OR TS FOR DECEMB ER.
The Bureau of Statistics at Washington’has this week
issued the statement o f t he country’s foreign trade for
December, and from it and previous statements we
have prepared the following interesting summaries.
The tables are the same as those heretofore given by
us in our article on the Financial Situation.
How many persons ever stop to think of the magnitude of
the financial operations of our larger life insurance com
panies? References to the extent of their outstanding in
surance and the heavy additions to the totals being made
torn year to year are common enough. As a consequence,
Fo reig n T r a d e ¡m o vem e nt o f th e U n it e d s t a t e s .
he casual observer is very apt to suppose that the business of
In the follow ing tables three olphers (000) are In all oases om itted.
-1 ÖQ7
these companies begins and ends with the matter of insuring
Bxports. Import». Excess.
Exports. Imports. Excess.
lives. The truth is, two or three of our leading companies
M ercta’ d l s e . $
$
S
4
t
S
■ 2 40.216 197,581 + 4 2 .6 6 5
havp risen to such proportions that their financial depart Jan.-March. 281 ,02 7 186.943 + 7 4 .0 8 4
A pl.-Juae... 228 ,73 8 2 6 5,834 —37,128
2 0 1,366 1 7 2.074 + 3 2 292
ments have become of equal, if not of greater, importance July-Sept... 258 ,47 5 135 ,95 7 + 12 0 .5 1 8
221,450 1 5 4,433 + 6 9 017
than their life insurance departments. This is true both in October....... 111,745
49,975 + 61.770
113.518
5 0 + 6 8 + 63 .04 8
N
ovem
ber..
116
,87
3
5
2,377
+
6
1
,29
5
109,073
50.043 + 5 9 ,0 3 0
thejsense that the utmost care is necessary in investing the
D ecem ber.. 124.475
51,515 + 7 2 ,9 6 0
117.188
58,931 + 5 8 ,2 0 5
vast sums committed to their care, so as to ensure safe and
T o t a l.. . . . 1 ,0 9 9,13 0 7 42.631 + 3 5 6 ,4 9 9
1 ,0 0 5.83 7 681.580 + 3 2 4 ,2 5 7
profitable returns, and that the influence of their operations,
G o ld .
1,983
1,281
-7 0 5
13.135
by reason of their magnitude, extends to all parts of the Jan.-March.
22,604
—9,469
23,721
1,831 + 2 1 ,8 9 0
A pi.-June...
29,801
2,563 + 2 7 .2 3 8
financial world.
July-Sept...
7,587
9,255
—1,668
13,939
39,722 - 2 5 .7 8 3
Take for illustration the New York Life Company, which at October. ...
312
11.342 -1 1,0 .1 0
343
27,961 —27.618
«99
2.555
-1 ,8 5 8
423
7.344
-6 ,9 2 1
tracts attention because of its striking and conspicuous N ovem ber..
574
2.110
—I,b33
406
2,567
—2,161
growth within a very short space o f time. The company last D ecem ber..
34,174
29.079
+5,095
58.047 103,701 - 4 4 ,7 1 4
Total.......
week submitted its annual statement and showed assets in
S ilv e r .
excess of two hundred million dollars—in exact figures Jan.-March.
13,574
15.280
3.823 + 1 1 ,4 5 7
2,121 + 11,453
14,321
2.300 + 1 2 ,0 3 1
14,647
2,124 + 12.525
$200,694,441. No one needs to be told that this is a very large Apl.-June...
14.453
3.380 + 11,093
2,510 + 1 4.038
July-Sept...
16,543
su m ., Yet it is only by comparing it with the operations of October......
5,225
994
+ 3.801
1.692
+3.533
4,795
+ 3.1 98
the distinctively financial institutions that we get a proper N ovem ber..
4.979
1,610
+3.369
4.974
1.778
5.8J0
1.063
+ 4,737
6 819
+ 5,5 48
1,279
conception of its magnitude. Contrast it for instance with Decem ber..
T otal.......
58,352
61,063
12.504 + 5 0 ,5 5 9
12.148 + 46 ,20 8
the aggregates of the trust companies, which have also in
G o l d In O r e .
recent years enjoyed a very rapid growth. W e give to day Jan.-March.
89
30
338
—328
1.227
-1 ,1 3 3
26
420
—394
4
—1,130
1,184
op. pages 238 to 241 the returns for December 31 of,a ll the Apl.-June...
—524
3
—1,122
58
582
1.125
trust companies in New York and Brooklyn. By reference to July-Sept...
—208
233
October. ...
2
435
—433
25
these returns it will be observed that the very largest of Novem ber..
143
—98
498
45
—498
—200
4
471
26
234
—487
these companies reports assets of only 56 million dollars— D ecem ber..
—1,760
1,970
4 910
210
102
—4,838
that is, but little more than one-quarter the pile of assets T otal.......
S i l v e r In O r e .
which this single company shows.
4.291
—4 .ICO
4.994
—4.747
191
Jan-M arch.
347
Or make another comparison. Our New York City banks Apl.-June..
-4 .4 1 3
146
4,559
5.633
—5,621
12
-4 .1 6 4
4.392
5,473
-5 .4 7 3
228
have added very largely to their deposits (though not to their July-Sept..
— 1,310
1.489
—1,592
179
O ctober.....
1,592
capital) within recent periods, and one bank in particular November.
1.333
— 1.190
1.540
148
2
—1,538
—1,805
101
1,706
has forged ahead in a marvelous manner. Yet this bank, December.
1,697
—1,649
48
far outranking its nearest competitor, and occupying a really
17^775 —16,782
993
20,929 —20.620
T otal.......
—ÌÓ9
phenomenal position in this respect, can point to a total in its
•+• Excess o f exD orts— E xcess o f imports.
balance sheet hardly more than half that of the New York
We subjoin the totals for merchandise, gold and
Life. It is not surprising under the circumstances that the
silver for the twelve months since January 1 for six
friends of the company should say that in addition to other
noteworthy characteristics, it enjoys the distinction of being years.
one o f the largest financial corporations in the world.
SILVBB.
MBRCHANDISB.
Q-OLD.
But note furthermore that the New York Life actually has Iwelve
Excess
Excess ExImExIm- Excess
a; yearly income of nearly forty-two million dollars, the
of
Exports. Imports.
of
ports ports of Ex
ports. ports.
Exports
Exports
ports.
amount for last year having been $41,793,085. Among all
the banks in the New York Clearing House there are only
9
9
t
$
9
1
9
«
1
257 58,661 33.076 25,586
tw o having deposits equal to or in excess of that sum— that 1897. 1.099,130 742,631 356499 34.376 34,019
«4,05«
104,731
*46,474
1,005,837
681,580
32425?
58,257
30
2.9
33,777
>896.
is to say, there are only two New York banks having aggre 1895. 824 860 801,669 23,191 104,967 34,390 7 0 .->71 5 4.211 21.373 29,838
gate resources equal to this company’s income for one 1894. 825,102 676,313 148789 101,850 21.351 80.499 47.946 17.631 29.612
875,86 766.240 109592 79.984 73.281 6.7 3 4 6 ,3 .8 27,7«6 18,592
year. About two-thirds of the 42 millions went for disburse 1893.
1892 9 *8 421 *40.931 97,49 76,532rt 7.451 59,0x1 35,976 21,726 14.260
mants to the policy-holders and for expenses, but this still
* Excess o f imports.
left: about 14 million dollars to invest. The life companies,
In the last table gold and silver in ore for 1893, 1894^
as is,known, make investments in numerous ways—they buy
1895,
1896 and 1897 are given under the heads re
municipal securities, real estate mortgages, and railroad and
miscellaneous securities. In other words, their money goe3 spectively of gold and silver; for the other years both
into many different channels, fructifying and multiplying. are included in the merchandise figures.
A s the New York Life is only one large company, it is easy
to see what potent and beneficent agencies in supplying
IMPORTS AND E X P O R TS OF GOLD AN D
capital and promoting investments the life insurance com
SIL VER A T S A N FRA NO I SCO.
panies are.
Through the courtesy of the Collector of Customs at San
,We have stated that so far as the New York Life was con
cerned it had made striking and conspicuous growth. The Francisco we have received this week the details of imports
success of the company is to be credited to Mr. John A. and exports of gold and silver through that port for the
McCall, who was elected President of the company six years month of December, and they are presented below, together
ago. He has been untiring in his devotion to the company with the figures for the preceding months, thus completing
and has accomplished really marvelous results. On the 1st the results for the calendar year 1897. The imports of gold
o f January the company’s policies outstanding reached the were somewhat less than in November, the amount received
imposing sum of $‘*77,020,925. The records show that at the reaching $1,243,812, of which $854,268 was in coin, mainly
beginning of 1898 every item stands nearly twice in size what from Australia, and of silver there came in $218’ 31, o f
it was in 1892, with the company’s interest ratio increased ; which $113,215 was bullion. There has been received during
its expense ratio reduced, and its dividend ratio increased. the twelve months a total of $11,608,012 gold and $2,174,289
THE CHRONICLE
J a n u a r y 29 1898. j
silver, which compares with $9,627,320 gold and $2,237,104
silver in 1898. The shipments of gold daring December were
$417,620, mostly all coin, and the exports of silver have been
$968,602 coin and $406,970 bullion. For the twelve months
the exports of gold have been $1,280,398, against $1,188,422
in 1896, and $11,156,788 silver has been sent out, against
$9,937,334 in 1896. The exhibit for December and the twelve
months is as follows :
2 l9
Metropolitan Street R y.s Missouri Kansas & Texas preferred
Missouri Pacific, National Lead common, New York Central»
New York Ontario & Western, New York Susquehanna' &
Western preferred, Northern Pacific preferred, Pacific Mail*
Reading common and first and second preferred, St. Louis &
San Francisco 2d preferred, Southern Railway preferred,
Tennessee Coal & Iron, Texas & Pacific, Union Pacific,
United States Leather common and preferred, Wabash common and preferred and Western Union.
___________ :
IMPORTS OP GOLD AND SILVER AT SAN FRANCISCO.
SILVER.
GOLD.
MONTHS.
1897.
January...
February..
March.......
May..........
August___
Septemb’r.
Ootober...
November.
December.
Coin.
Bullion
7,980
1,09b
31,231
5,900
2,436
l,i 39
2,630
2,193,965
3,293,091
1,950,426
1,583,021
854,26b
9
35,732
57,796
91,951
86,789
42,246
72,403
78,264
61,281
337,555
88,467
339.35C
389,044
Coin.
Total.
10,879
3,482
3.029
28,651
33,460
36,830
81,334
65,761
62,065
65,552
97,403
104,911
43,712
58.894
123,181
92,6b9
44,682
73,442
80,944
2,255,246
3,630,646
2,038.893
1,922,371
1,243,317
Bullion.
9
225,165
108,741
133,877
77,527
174,011
103,513
179,971
132,932
84,157
148,153
99,6C 6
113,215
[From our own correspondent.]
Total.
L o n d o n , Saturday, January 15, 1898.
$
There
seems
to
be
springing
np a much more hopeful feel
236.044
112,223 ing, and business undoubtedly has been better this week than
136,906
106.178 for several months past. The general impression is that no
207,471 trouble will arise out of the Chinese question, that practically
140.343
261,305 an arrangement has been arrived at between the British
19-.692 Government on the one hand and Russia and Germany on
146,222
213,705 the other, that the scramble for China w ill he postponed, and
197,069
218,131 that the country w ill remain open to all traders. Moreover^
593.361 1.580.928 2 174.23.
Tot,. 12 n»oo 9.927.134 i/Bf.s-a 1160801
EXPORTS OP GOLD AND 8ILV ER FROM SAN FRANCISCO.
SILVER.
GOLD.
MONTHS.
JBull’n
Coin.
1897.
January ..
February..
M arch.....
April........
J u n e........
July..........
August___
Septemb’r.
O otober...
November.
December.
9
105.252
2,940
6,995
51,390
5,016
106,554
8,175
108.255
13.040
10,702
443,095
417,100
Vot.12 mos 1,278,511
9
676
100
io o
390
100
520
Coin.
Total.
9
105,252
2,940
7.670
51,490
5,015
106,554
8,176
108,355
13,430
10,802
443,095
417,620
9
198,490
391,938
108,616
49,012
36,720
300,387
471,696
643,471
840,43f
931,022
788.89
968,6)2
Bullion.
$
512,540
542,910
587,300
372,644
608,100
467,840
405,030
325,188
383.500
445,900
366.500
406,970
Total.
$
711,030
934,848
695,916
421,656
644.820
768,227
876,776
968,259
1,226,936
1,376,^22
1,155,396
1,375,572
1,885 1,280,398 5,729,286 5,427,422 11,1? 6,70o
S t o c k E x c h a n g e C l e a r in g - H o u se T r a n s a c t io n s . —The
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from January 17 down to and
including Friday January 28 ; also the aggregate for Janu
ary to December inclusive in 1897 and 1896.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
1896-
/—-Shares, bo'h sides.— * ,-------- Balances, one side.-------- >Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Cleared
Jan uary..
February..
March......
A pril........
M ay..........
J u n e ........
Ju ly..........
A u g u s t...
Septemb’ r
O ctober...
N ove uber
Decem ber
15.2&8.500
J7,004,000
16,675,000
14,662,200
10,29 ,• 00
15,489,600
21,15-.S00
16,537,200
17,640,20.)
17,383, *00
2 ,0 *l.toO
16,181,400
$
»«7.700,000
1,038.600.000
1,066,600, ■00
984 000 000
750,800,000
1,1.12.400,000
1,368,500,'>00
1,081,900,000
1,181,100,000
1,05«,373,000
1,0*8,70 i,0 '0
1,007,009,000
Y e a r .. . . 197,393,5^0 12,797,673,001
1S97-
J an u a ry ..
February..
March. ...
A p r i l ......
M a y..........
J u n e ........
J u ly..........
A u g u s t ...
S eplem b ’r
O ctob er...
Novem ber
Decem ber
12,000,700
10,223,600
18,U l."00
14.182,600
13, 50,4 >0
2 !,559,20 )
2>.353,100
38,912,300
4 (,276 900
27,2 3,70»
16,397,400
24,236,600
778,000.000
709,500,000
l,270.70ii,00i>
1, 29,200,O' 0
931.8 0,000
1,737,58 V 00
1,653,000,000
2,321,500,000
2,870,109,000
1,974,900,000
1,4(3,100.009
1,9 <5,200,0 JO
Year . . . . 264,607,500 18,6>4,530,000
^-Shares, both sides.—.
Cleared. Total Value.
1898.
9
Jan. 17. .2,243,400 179,400,000
18. .1,261,800 118,100,000
44 19. .1,034,600 85,800.000
44 20. . 847,500 67,100,000
44 21. . 822,800 66,000,000
Tot. wk. .6,212,100
Wklastyr4,617,100
Jau. 24. .1,140,500
25. .1,347,400
44 26. .1,123,900
27...1,559,500
U 23. .1,690,800
516,400,000
305,500,000
93,700,000
113,400,000
91,400,000
110,500,000
121.5 j0.000
Tot. wk...6,862,000 530,500,000
Wklastyr2,378,300 164,500,000
1.614.200
1.905.500
1.631.500
1,6'9,100
1.122.000
1.594.100
i,90H,6'0
1.301.700
1.669.100
1,782,60 )
2.U2.100
1.614.000
1.445.000
1,364,400
1.452 890
1,233,300
923 800
1,325,500
1,816,200
1,600,8)0
1.624,9)0
1,497.300
1,665,900
1,349,500
6,87
6,26
6 81
6.46
5,73
e,36
6,99
«,>'8
7,17
6 86
6,31»
6, >73
21,235,500 1,121,900,000 17,349,400
78,725
1.425.500
1,"96,500
1.916.700
1.357.300
1.251.700
2.501.000
2,678,806
6.177.200
5.945.300
3.307.400
2.050.500
2.733.1 0
83,400.000
106,300,000
91,000,000
99.600,000
69,100,000
95.900,000
107,600,00 >
69,600.000
86,2 0,000
9e,900.000
124,800,000
86,500,000
74,900,000 1.068,900
69,500,000
879,400
113.2') >,000 1.559,2 0
82,200,000 1,334,900
76,900,000 1.186,000
153,629,000 1.601,100
171,600,000
1,751,500
287,400,000 3,047,900
370,300,000 3,473,900
215,800,000
2,32',600
14),-00,000 1,589,600
194,800,000 1,864,8'0
5,900
5.948
7,195
6,'-71
5,919
7,116
6,64!
7,662
7,449
6,9,>5
6,261
7,346
31,440,000 1,942,029.000 21,6bl,S00
79,804
,--------Balance, one side.------- , Sheets
Shares. Value Shares. Cash. Cleared
$
9
233,000 16,500,000 205,600
358
330
146,400 9,700,000 112,100
114,500 8,300,000 89,700
327
106,800 6,300,000 60,400
303
320
87,800 6,400,000 49,100
688,500
565,500
130,400
163,900
142,100
216,300
236,700
47,200,000
31,000,000
9,100,000
12,000,000
10,400,000
14,500,000
15,900,000
516,900 1,638
459,900 1,610
340
71,400
106,500
346
80,100
325
97,000
359
363
126,600
889,400 61,900,000 481,600 1,733
270,800 15,500,000 194,500 1,384
The stoeks cleared now are American Cotton Oil common,
American Spirits common and preferred, American Sugar
common, American Tobacco common, Atchison common
and preferred, Baltimore & Ohio. Brooklyn City Rapid Tran
sit Co. voting tru-st certificates, Central of N. J., Chesapeake
& Ohio, Chicago Burlington & Qaincy, C. C C. & St. Louis,
Chicago Gas, Chicago Great Western common, Chicago M il
waukee & Sc. Paul common, Chicago & North Western com
mon, Chicago R >ck Island & Pacific, Chicago St. Paul Min
neapolis & Omaha common, Delaware & Hudson, Delaware
Lackawanna & Western, Erie, General Electric, Lake Shore
& Michigan Southern, Louisville & Nashville, Manhattan,
it is hoped that the European concert will be maintained,
and that no disturbance o f the peace w ill he allowed upon
the Continent.
It is perfectly true that there is much to cause apprehen
sion in the present state of Europe. As Mr. Balfour said the
other day at Manchester, the European concert has hopelessly
failed to settle Crete, and the Cretan question may at any
moment become acute again. There is much unrest all over
the Balkan Peninsula, the condition of Turkey is as had as
ever, the Cuban insurrection continues and the financial
difficulties of Spain are growing hopeless. The public, h ow
ever, seems to be shutting its eyes to all these dangers and
coming to the conclusion that just as the Queen’s Jubilee
prevented any unpleasantnesses last year so the Emperor
Francis’s Jubilee in the new year w ill induce all the Powers
to combine to make the year as quiet as possible.
But while this more favorable view o f the foreign situa
tion is taken there is not yet very much buying by the in
vesting public. There is a certain amount o f investment
going on in consols, in British railway stocks, in Colonial se
curities and the like. But there is very little investment
elsewhere and scarcely any speculation. Members o f the
Stock Exchange and professional operators are, however,
confident that the public will come in by and by, and they
have been working very actively at times this week. There
has been, considering how high British railway stocks were
already, a remarkable rise in those stocks. There has also
been a surprising rise in Argentine securities, both Govern
ment and railway.
The prospects for the Argentine Republic for the new year
are excellent. It seems certain that General Roca will he
elected without opposition. The wheat crop, which is now
gathered in safely, is reported to be one of the best eve
grown, being both excellent in condition and exceptional in
quantity. The maize crop is promising well, and the pas
toral industry is prosperous. Everything then leads to the
hope that the country will do well, and there is a very gen
eral impression that as soon as General Roca is installed in
office in the autumn he w ill propound a plan for the conver
sion of the loans which hear a higher rate of interest, and for
the general unification o f the debt of the Republic. A t all
events, there is a very wild speculation going on just now.
International securities in general have also advanced and
in American securities there was in the first half o f the weeh
a rapid rise. That rise, however, was more due to New York?
than to London, though it is quite true that London has
bought spsculatively a considerable amount. As yet the
speculation has not extended to the mining department. The
total protuction of gold in South Africa for the year 1897
exceeded 11 millions sterling, and it is increasing monthly.
But the public is disappointed because concessions have not
been made to the mining industry. And moreover there is
an unpleasant feeling that fresh political difficulties may
arise at any moment, especially as during the struggle for
the Presidency the competitors seem to be vieing with one
another in expressions of distrust against the British Empire.
On the other hand the great mining magnates are undoubt
edly supporting their own securities, and prices generally
are high compared with a few months ago. Still the m ar
ket is a professional one, the general public being absent.
The same is true of the Western Australian market, and
¿ ¿ ‘¿ O
THE CHROMCLE
[Y ol . LXY I.
The imports since January 1 have been as follow s:
likewise of the Canadian mining market. But Canadian
1896.
1897.
Difference.
Government securities and Canadian railway stocks have
I m ports.
¿
¿
¿
Per Ot.
January
........
38,473,856
39,975,668
risen very remarkably.
+1,501,812
+3*90
February . . . . 37,245,164
35,476,736
+1,768,428
+4*98
Trade throughout the country is exceedingly good in spite March.......... . 40,655,114
38,366,750
+2,288,364
+5-96
35,808,800
-6 7 2 ,2 4 5
—1-87
of the fact that the engineering struggle continues. The April............... 35,136,555
May................. . 36,336,348
33,349,^88
+ 2 ,9 -6 , 60
+ 8 95
impression in the city is that the men w ill very soon have to June................ 36,321,809
35,229,255
+1.092,554
+3-10
36,123,523
34,3.8,158
+I,745,3ö5
+508
give way for want of funds, and when the struggle is over July.................
32,480,473
August............ 33,371,385
+890,912
+2-74
33,006,346
+2,189,547
there is no doubt entertained that the expansion and im September___ 35,195,893
+6-63
39,574,890
October.......... 38,943,763
—631,127
—1-59
provement of trade w ill be exceptionally great.
November.___ 41,161,871
42,492,369
—1,330.498
—3-13
43,618,851
—2,286,567
—5-24
The ease in the money .market [continues. Indeed, it has December.___ 41,332,284
been rather accentuated this week by the payment of a con
12 months.. 451,238,683
441,808.904
+9,429,779
+213
The exports since January 1 have been as follows :
siderable sum on account of Japan out of the Bank of Eng
1897.
1896.
Difference.
land. Assuming that^nothing occurs to arouse[apprehension>
¿
¿
E xports.
¿
Per Ot.
it is probable that the ease w ill continue throughout the January.......... 19,762,378
21,146,491
—1,384,113
—6*54
....... 17,864,682
19,704,095
—1,839,413
—9 3 3
present month. In February the collections of the revenue February
March............. . 21,647,269
20,449,623
+1,197,646
+5*85
18,450,227
+ 1,249,895
+6-77
will transfer such immense amounts from the other banks April................ 19.700,122
May.................. 19,322,146
18,835,243
+486,903
+2*58
to the Bank of England that the latter will have complete June................. 19.089,997
20,560,061
—1,470,085
—7*15
. 21,501,452
21,359,139
+142,314
+0*62
control of the market, and can make rates very much what July...............
August.......... . 18,773,9*7
20,326,796
—7*63
-1,552.799
19,824,125
it likes. The market will remain poorly supplied until September__ . 18.305,275
—1,518,815
—7*06
O ctober........ . 19,283,052
20,683,457
—1,400,405
-6 *7 7
about the middle of March. After that the payments out November...... . 19,773,594
18,570,877
+ 1.202,717
+ 6-47
20,317,759
—1,015,578
—4*99
of the Exchequer w ill be on an immense scale, and there December.__ . 19,302,181
ought to be a return of ease. In April the market ought to
12 months.. 234,350,003
240,145.551
—5,795,548
—2 41.
be very easy. It is assumed that as the Bank of England dur
The re-exports of foreign and colonial produce since Janu
ing February and March will owe its control of the outside ary 1 show the following contrast:
1897.
1896.
Difference.
market to the fact that it is the Government banker, it will
¿
R e -e x p o r t s .
¿
¿
Per Ot.
not make rates high and w ill not do anything to incommode January........
4,177,825
4,806,384
—628.559
—13*08
....
5,224,138
5,617,593
—393,455
—7*00
business. Therefore the Stock Exchange is calculating that February.
5,270,853
March.............
4,606,122
+664,731
(-14*43
5,388,062
-1,920,119
+35*63
money will be plentiful and not dear, and that risks may be April............... 7,308,181
4,954,692
May.................
4,748,642
+206,050
+4*36
entered into without anxiety as regards the money market. June.............
5,451,789
4,638,968
+812.821
+ 17*52
5,014,337
4,250,332
July................
+764,005
+18*00
Assuming that political apprehensions do not spring up August............ 4,651,947
4,174,060
+477,887
+ 11*44
3,274,466
+704,626
again, it is probable that neither Russia nor Austria-Hungary Septem ber.... 3,979,092
+21*52
4,605,679
4,730,566
October..........
—124,887
—2*64
will take much gold from this market. But a considerable November. . . . 4,228,826
4,349,407
—120,581
—2*77
Decem
ber,...,
4,989,178
5,588,259
—537,081
—10*08
amount may go to Argentina. The wheat crop, as already
stated, is excellent, both in quantity and condition, and|the
12 months.. 59,833,677
56,233,683
+ 3,600,014
+6*40
demand for money to move it will be so great, it is^thought,
The follow ing return shows the position of the Bank o f
England, the Bank rate o f discount, the price of consols,
as to necessitate shipments of gold from here.
It is also possible that gold may go to India but it is not &c., compared with the last three years:
1807.
1896.
1895
1808.
likely. On Tuesday the Bank of Bombay raised its rate of
Jan. 12.
Jan. 13.
Jan. 15.
Jan. 16.
discount from 10 percent to 12 per cent, and the Bank of Ben
£
£
£
£
gal put up its rate from 10 per cent to 11 per cent. Twelve per C i r c u l a t i o n . . . . . . . . . . . . . . . . . . . . . 27.502,390 26,024,905 25.780,000 25,202,515
6.045,154
9,391,449
6,992,759
8.62(',976
Public d e p o sits............ .............
cent is a very unusual rate, not having been seen in'lndia for Other deposits........................... 40,370,457 45,024,695 52,201,850 35,533,467
eight years. The stringency is due in the first place to the Governm ent secu rities............ 14,023,03« 14,935,117 14,683,555 10,077,309
33,169,65*2 28,898,268 27,020,712 17,148,438
fact that no silver has been coined for
years. In the sec Other s e c u r it ie s ...................
20,684,878 20,369,377 37,072,703 30,202,450
Reserve o f notes and o o ln . . . .
ond place to the expenditure of so much money in coin in Coin A bullion, both depart’ts. 31,387,208 35,594,282 40,052,703 34,604,965
41 7-16
50«
625Í
remote parts of the E mpire on account of famine relief and Prop.reserve to liabilities.p.c.
2
4
2
5
Bank r a te ........... — »„p e r cent.
the military operations in the Northwest. In the third Consols,
104 9-1 107«
111 11-10
2 « per c e n t .... ......... 112 11-16
place to the demand for moving the crop5. The Burmah Silver..................................... . • 26 9-16d. 29 ll-16d
3 0«d.
27 3-10qT
rice crop is the largest on record and the Bombay cotton Clearing-House returns............ 144,603,000 127,315,000 128,299,000 143,131,000
The rates for money have been as fo llo w s:
crop is also very good.
As a matter of course, there is great competition for the
Interest allowed
Open Market Hatee.
for deposits bp
India Council’s drafts. On Wednesday the Council offered
<3
Trade Bille.
Bank Bills.
for tender 40 lacs, and the whole amount was disposed of at
Disc't H’ee
London. f5¿
JOitlt
prices ranging from Is. 3 31-32d. per rupee to Is. 4 5 32d. per
$ Three Four
Stock At 7 t o l l
Six
8 ix
Three Four
Ö
rupee. Subsequently 8 lacs were sold by private contract at
eq Months Months Months Months Months Months Banks. Call. Dave.
Is. 43^d. per rupee. But the Council cannot draw very largely, Dec. 17 3 2 15-16 2%
*
2
2M
3)4 3 « @ 3 « 04
2)4
2
2)4
2 16-10
2%
3
3«
2)4 3«@ 3 H
* 24 3
because the revenue in India is not coming in so freely as
2
2M
2%
3
8U 3M @3«
m
2%
3)4
would permit it to sell much more.’ ^Therefore the mar- I 31 3
3
2
2«
3)4 3 « @ 3 «
2«
V4
2%
Jan. 7 3 '
ket is in danger of a severe crisis ¡from ¡the w antjofa'ñéw
3
1«
1
«
3
lié
2
H
2
«
“ 14
2«
2«
2«
supply. A new supply can be furnished, for the Government
*2«@11-10.
holds about 18 crores of rupees in what- isfcalled the note r§The Bank rate o f discount and open market rates at the
serve, the reserve, that is to say, for the redemption of the chief Continental oities have been as follows:
circulating notes issued by the Government.;
Dec. 24.
Jan. 7.
Dec. 31.
Jan. 14.
When the Indian Mints were closed the Government
Bates of
pledged itself to exchange the rupees held in the note reserve
Interest at
Bank
Bank Open Bank Open Bank Open
Open
Bate. Markei Bate Markei Bate. Markei Bate. Market
for gold at the rate o f Is. 4d. per rupee. Therefore, if the
2
2
2
2
2
2
2
2
. exchange banks are willing to send out gold *and present it
5
5
3)4
5
5
2%
2%
04
to the note reserve they can obtain from it any amount of
5
5
5
3%
5
04
3«
2H
Hamburg ..
rupees up to 13 crores. But the exchange banks are not Frankfort. ...
5
5
5
3
«
5
m
3«
3)4
8
3
3
2%
3
2)4
2«
2«
likely to send out much gold because everybody believes that Amsterdam...
8
2
3
3
3
2
2)4
i)4
Brussels.........
the present exchange is extravagantly high, and no bank is Vienna.......
4
4
4
4
4
4
3H
2)4
likely, therefore, to risk having to bring back the gold at a 3t. Petersburg
5
5
5
6
6
5.
6
6
4
£
4
4
5
5
6
much lower exchange.
6
Copenhagen.
5
5
5
5
5
5
5
To meet the difficulty the India Government has decided
Messrs. Pixley & Abell write as follows under date of
to allow the banks to lodge the gold in the Bank of ¡England
to the credit of the Indian Government, and the Indian J an. 6 :
Gold.—¿A fter drooping somewhat, the demand for gold has again
Government will then give telegraphic transfers on the note revived, hut still no very high prices are being paid. The Bank has
received
¿30,000, and ¿197 000 has been withdrawn, ¿100,000 of
reserve, so that practically the banks will be able to w ith this does not
appear in the Bank return, and is taken, we are informed,
draw rupees by paying the gold into the Bank of England by an Indian Bank. The balance goes to South America Arrivals:
Cape, ¿242,000; Chili. ¿1,000; Australia, ¿103,000; New Zealand,
instead of having to send it out to India. To what extent ¿7,000. Total. ¿353,000. Shipments: River Plate, ¿500,000; Bom
(Jan. 5), ¿92,500. Total, ¿592,500.
they will avail themselves of the privilege remains [to be bay
Silver.—The market has gradually hardened since we last wrote,
een
owing to special orders. New York has not been a free seller. To-
rHE CHRONICLE.
J a n u a r y 29, 1898.]
da y’s Bombay price for silver is Rs. 69% per 100 Tolahs. Arrivals!
New York. .822s,000; Chili, 826,000. Total, 8254,000. Shipments: to
Bombay (Jan. 5). 893,400.
Mexican Dollars.—Nothing fresh to report in these coin.
The quotations for bullion are reported as follows:
OOLD.
London Standard.
Bar gold, fln e....oz.
Bor gold, parting.oz.
U . 8. gold co in .. .oz.
G8rmrn gold eoin.oz.
French gold ooin.oz.
Japanese yen___ _
Jan.
13.
s.
77
77
76
76
76
76
d.
10%
11%
5%
3%
3%
6
Jan.
6.
s
77
77
76
76
76
76
Silver .
London Standard.
Jan.
13.
Jan.
6.
d.
d.
10% Bar silver, fine.. .oz. 26iiie
10% Bar silver, oontain’g
5
do 5 grs. gold.oz. 27316
3%
do 4 grs. gold.oz. 27
do 3 grs. gold.oz. 2613le
3%
55s Oake silver......... oz.
Mexican dollars.oz. 2 6 ^
26%
26aie
263«
283«
26
FOREIGN IMPORTS AT NEW YORK.
Tor week.
The follow ing shows the imports o f cereal produce into
the United Kingdom during the first nineteen weeks of the
new S9ason compared with previous seasons:
,
1897-8.
1896-7;
1895-6.
1894-5.
Imports o f wheat,owt.23,73 a,550 26,440,330 26,044,260 24,092,686
Barley......................... 8,824,494 11.809,220 11,426.^70 12,957,634
O a ts............................. 5,653,520 7,967,770 5,302,840
5,807,787
P ea s............................ 1 ,021,7‘0
1,610,775
1,178,330
1,050,524
Beans........................... 1,233,810 1,2*2,650
1,545,750
1,786.294
Indian corn................ 16,403,760 22,302,500 15,911,580
8.447,274
F lou r............................ 7,451,500 8,558,460
7,478,420
7,398,080
Supplies available for consumption (exclusive of stocks on
September 1):
__
1897-8.
1896-7.
1895-6.
4,094.—The National Bank of Asheville, North Carolina, has gone into
voluntary liquidation by resolution o f its stockholders dated
December 11,1897.
4,402.—The First National Bank of Oklahoma City, Oklahoma Territory.has gone into voluntary liquidation by resolution of its
stockholders dated December 4,1897, to take effect Decem
ber 6,1897.
I m po rt s a n d E x p o r t s f o r t h e W e e k .— The following a r «
the imports at New York for the week ending for dry goods
January 20 and for the week ending for general merchandise
January 21 also totals since the beginning of the first week
in January.
d.
26%
IMPOSTS.
.
_
i
1897-8
A ver.prioe w heat, weeb.34s. l i d .
A verage prioe, se a s o n .. 33s. 6d.
1896-7.
31s. Id.
29s. Od.
1895-6.
25s. 4d.
24s. 8d.
1894-5.
4d .
7d
19s.
The follow ing shows the quantities o f wheat, flour and
maize afloat to the United Kingdom:
This week. Last week.
Wheat..............qrs......... 2,420,000 2,340,000
Flour,equal to qrs........ 425,000
455,000
Ma« e ........ . qrs....... 635.000
730,000
1897.
2,420.000
385,000
1,055,000
1896.
1,968.000
43 5.00 0
605.000
gEgmtttetxtalattfl Sdiscellarceortts J^ettrs
Sat.
Mon.
Tues.
Silver, per ounce.......d 26%
263, e 26%
Oonsols., new, 2% p.ots 112'%fl 112% 1121
For aooount............. 112% H2**ie 112%
Fr’oh rentes (In Paris) fr 10315 103-25 103-20
Atch. Top. & Santa Fe. 13
12%
12%
Do
do
pref. 30%
30%
29%
Canadian Pacific.......... 91%
91%
92%
Chesapeake & O hio,... 22%
22%
22%
Ohio. Milw. & St. Paul. 97%
97%
96%
Denv. & Rio Gr., pref.. 49%
49
48%
Erie, com m on____
14%
15
14%
1st preferred..........
38%
38
37%
Illinois Central___
109% 109% 109%
Lake Shore.................. 185
185
186
Louisville & NashvUle. 57%
57%
57%
Mexican Central, 4s .. 68%
68%
68%
Mo. Kan. & Tex., com.. 13
13
13
N. Y. Oent’l <fe Hudson. 115% 116% 118
Y. Ontario & West’n 17%
17%
17%
Norfolk & Wefit’n, pref. 48%
48%
48%
Northern Pacific, com.. 27%
27%
26%
Preferred...............
66
66
65%
Pennsylvania . . . . . . . 59%
59%
59%
Phila. & Read., per sh
11%
11
11
Phil. <fe Read., 1st pref. 25%
25%
25%
Phil. & Read., 2d pref. 13%
13%
13%
South'n Railway, co m .
9
9
9
Preferred............... .
31%
31%
31
UnionPaolflo___ ...
32%
32%
31%
Wabash, preferred ..... 18%
18%
18%
Wed.
Thurs.
Fri.
263,0 2 6 V
26%
112% 112% 112%
112*1,6 U 2 li,e 1121116
03-07% 03-22% 03-22%
13%
13%
13%
30%
31%
32%
92%
91%
91%
22%
23
23
97%
98%
99%
48%
51
50%
15%
15%
15%
38%
40
40%
109% 110% x 109%
189
190
191%
57%
58%
58%
68%
68%
70%
13%
14%
14
120% 120% 122%
18%
18%
18%
49
49%
49%
28
27%
28
67
66%
68%
59%
59%
60%
11%
11%
11%
25%
26%
26%
13%
14%
14
9%
9%
9%
31%
31%
32%
34
33%
34%
18%
19%
19
1895.
$9,331,418
$7,377,519 $11,145,464 $10,398.087
$7,148,148
18,432,825
$7,150,667 $10,126,576 $10,953,46»
20,83 >,805
21,286,993
20,965,505
Total 3 weeks..
$2,463,479
4,914,070
$3,911,517
7,233,947
$2,990,966
7,407,121
$25,580,973 $27,985.472 $31,413,569 $31,918.974
The imports of dry goods for one week later will be found
in our report o f the dry goods trade,
The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign ports for the
week ending January 24 and from January 1 to date r
EXPORTS FROM NEW YORK FOR THE WEEA.
1898.
1897.
1896.
1895.
For the week..
Prev. reported
$10,797.269
17,559.358
Total 3 weeks..
$28,356,627 $25,666.467 $25.264.757 $22 338,743
$7,781,614
17,884,853
$7.649,948
17,611,809
$4,931,536;
17,405,207
The following table shows the exports and imports of
specie at the port of New York for the week ending Janu
ary 22 and since January 1, 1898, and for the corresponding
periods in 1897 and 1896.
&
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Gold
Week.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Jan. 28
1896.
T o ta l........
Since Jan. 1.
Dry goods.......
9-en’l mer’dise
E n g lis h F i n a n c i a l m a r k e t s —P e r C a b le .
L ondon.
1897.
$2,335,966
6,995,452
1894-5.
20s
1898.
Dry goods.......
Glen’l mer’dise
Wheat imported, cw t. 23,738,550 26,440,330 26.044,260 24,09 2.686
Imports of flour........ 7,451,500
8,658,460
7,478,420
7,398,080
«ales o f home-grown. 11,024,601 10,463,564
5,650,984
7,940,075
Total......................42,214,651 45,462,354 39,173,664 39,430,841
221
Great Britain..........
France.....................
Germany............... .
West In d ies............
M exico....................
South America.......
All other countries.
Total 1898........
Total 1897........
Total 1896........
Silver.
200
j
¡Since Jan. 1
Imports.
Week.
200
$700,783
$779,345 $1,318,685
6,700
$779,545 $1,325,585
26,400
125,300
2,537,599 10,013.136
Exports.
Week.
Since Jan.1.
Great Britain..........
France.....................
Germ any.................
West Indies.............
M exico....................
8outh Amerioa____
AH other countries.
$1,092,450 $2,744,015
59,000
Total 1898........
Total 1897........
Total 1896........
12,89?
1,649
10,111
Since Jan. 1.
$494,086
1,182,283
69
28,696
9,361
51.V32
4,476
$725,435 $1,770,203
37,782
.181,520
488,937
5,379.417
Imports.
Week.
Sin-ceJan. 1.
39,750
$10,365
15,988
17
$21,000
100
36.163
104,048
78,486
721
$1,096,650 $2,844,628
880,330
2,317.874
1,102,650
3,292,616
$26,370,
99,694
62,503
$240,518
176,783
141.725
1,863
4,200
Of the above imports for the week in 1898 $13,280 were
American gold coin and $97 American silver coin. Of the
exports during the same time $1,778,555 were American gold
com.
s
—An interesting pamphlet containing information relative
to railroad and industrial companies and details of securities
N a t io n a l B a n k s . — The following information regarding listed on the New York Stock Exchange has been compiled
national banks is from the Treasury Department :
by Spencer Trask & Co. for distribution among their friends
ana clients, and may be had at their offices in New York and
NATIONAL BANKS ORGANIZED.
Albany. A feature of the tables in this work is the column
5.105.
—The Nevada National Bank o f San Francisco, California (cap
ital $3,000-090); Isaias W. Heilman, President; D. B. David giving the amount outstanding per mile of road.
son, Cashier.
5.106.
-T h e Corn Exchange National Bank o f Chicago, Illinois (capita:
r -7"Tiie fifty-third annual statement o f the Mutual Benefit
u-L’H.u’£
Charles L. Hutohinson, President; Frank W Life Insurance Company of Newark, N. J., has just been
Smith, Cashier.
issued. The report shows that the receipts for 1897 amounted
—The National Bank of Kirksville, Missouri (capital $50,000);
MUis, P re s id e n t; B. p Heiny, Cashier.
to $11,834,119, the sum o f $8,606,191 being for premiums The
o,iua.—The National Exchange Bank of Clayton, New York (capital
January 1, 1898, were $63,024,972; the surplus,
5 100
Putnam, President;
P. »rant.Cashier.
o,iU9. The First National Bank of Leonard, Texas (capital $50,000) $4,160,147. The policies in force January 1, 1893, were 93 788
insuring for $234,496,683.
J. O. Kuyrkendall, President; W. L. Reed, Cashier.
_
5.107.
IN LIQUIDATION.
1,152 ~ T£® Government National Bank of Pottsville, Pennsylvan
into voluntary liquidation by resolution of
stockholders dated November 8,1897.
4,946
Uv£ Stock Bank of Fort Worth, Texas, has go
liquidation, byresolution of its stookholdi
aatetl November 1.1897.
3,725.
oi Tobias, Nebraska, has gone ir
November1! 4 l^O? 011 by resoluti<m of its stockholders dat
701.
_
1
+ationi ^ Banfe of New Albany, Indiana, has go
dated^^OoUtobe726 ?i897
by res0luti011 of it8 stookholdi
3,264Bank of Ovid, Michigan, has gone in
b.y resolution of its stockholders, dat
to take effect December 1,1897.
1,094.- "th « “ St w\®97’
National Bank of Athens, Pennsylvania, has go'
d a t e S w e S M ® by resolution of its stookholde
-The board o f trustees of the Atlantic Trust Company
have unanimously re-elected its officers as follows • L V F
Randolph, President; John L. Riker, First Vice-President’:
Wm. Carpender, Second Vice President; John Alvin Young
Secretary; L. M. Jone3, Assistant Secretary; Clifford A
Hand, Counsel.
“ A t^entl? u .1S c alled to the offering by H. B. Hollins & Co.
ot Central Union Gras Co. 5 per cent bouds, principal and in
terest guaranteed by the New York & East River G-as Co.:
also o f the offering of Northern Union Gas Co. fives.
The balance of half a million dollars underlying first
mortgage five percent gold bonds of the Detroit Railway
Company are offered for sale by Messrs. C. H. White & Co
The advertisement will be found on page viii
•
THE CHRONICLE.
222
—Considerable interest is being taken in the securities of
the People’s Gas Light & Coke Company of C h i c a g o , and
large blocks of the bonds and stock are now being absorbed.
N W Harris & Company are offering the refunding mort. 5
n ’ c gold bonds, which are an absolute first mortgage on the
Chicago Economic Fuel Gas Company and the Suburban
Gas Company, and a general mortgage on the remaining
plants absorbed in the consolidation. The Peoples Gas
Company is now paying a stock dividend at the rate ot 6 per
centner annum, and the stock is actively traded in on the
New York Stock Exchange, and is at present selling around
97 The official statement for the fiscal year ending August
1, *1897, shows net earnings of $2,957,370 and interest charges
of only $1,580,3 0, leaving surplus earnings of $1,376,970
The company is operating under a valuable franchise, and
now controls practically the entire business of Chicago.
The bonds will be listed on the New Y ork Stock Exchange.
The present quotation on the bonds is equal to a ^ - p e r
cent-interest return, and is regarded as a particularly at
tractive yield for a long-time gold bond which is alien prior
to capital stock, the market price of which would indicate
an equity of about $25,000,000.
__The Atlantic Mutual Insurance Co.’s annual statement
has been issued and will be found in our advertising columns.
Six per cent interest on the outstanding certificates of profits
w ill be paid to the holders thereof, or their legal representa
tives, on and after February 1. The diminished income
yielded on investments in recent years may in the future, it
is stated, render necessary a reduced rate of interest on cerfcifi.Cät6Si
•
[ Y ol. L X ? ! .
Hank Stock L ist—Latest prices.
BAN KS.
Bid.
A sk.
BANKS.
*Not Listed.
»
350
170
220
300
225
365
176
Ask.
BAN KS.
Bid.
G a rfie ld ..... 700~
German A m . 115
German E x.* 275
325 iG erm a n ia .... 300
245 ,Green w io h ... 165
H a n over....... 370
105
H ide & L .* -. 90
165 175
H a d . R iv er.. 155
Im .& T rad’rs 515
Chatham....... 290 295
C h e m ic a l.... 4000 . . . . I rv in g ........... 145
Leather M is’ 170
C ity............... 700
L iberty*....... 128
Citizens’ ....... 125 145
L in co ln ......... 700
C olum bia___ 150 160
M anhattan... 230
C om m erce... 207 214
M arket& Fnl 225
C on tin en tal. 127
M echanics’ . . 185
Corn E x ch ... 285
M ’ ohs’ & T rs’ 110
East R iv e r .. 135
M ercantile... 168
l l t h W a rd .. 225
F ifth A v e .... 2900 34ÓÒ M erchant.’ .. 146
M erch’t . E x . 115
Fifth*............ 225
M etropol’s ... 440
F irst.............. 30 00
M t. M orris.. 100
First N ., S. I . 125 150
N a s s a u ____ 150
160
14th S treet..
N . A m s’ dam. 245
F ourth........... 185 195
N ew Y o r k ... 235
G a lla tin ___ 310
vi , V . Oo’ n ty 700
105
«»nuAvnott*.
Am erica........
Am. E x c h ...
A mtor Place*
B owery*.......
Broadw ay....
B a tch .& D r..
C entral...... ..
118
550
185'
250
250
200
120
175
155
_
N .Y .N a t.E x
N inth............
19th W ard.
N. A m erica
Oriental.......
P acific . . . . . .
P a r k .........
People’ s .......
P h e n ix ......
P la za * ........
Prod. E x .* ...
R e p u b lic ....
Seaboard___
Seoond .........
S even th .
Shoe & L e’th
Stateof N .Y .
T h ird ............
Tradesm ’n ’s.
12th Ward*.
U n io n . . . . . . .
U nion S q.*..
U n’d S tates.
YorkvlU e*...
W estern
W est S id e ...
90
100
135
145
189
263
200
90
185
115
155
174
450
105
97
95
275
100
165
110
115
104
116
105'
125
227
170
195
170*
150 160
275
Miscellaneous Bonds :
M isc e lla n e o u s B ond s.
M is c e lla n e o u s B o n d s.
Jeff. & Clear. C. & 1 . 1st g. 5s
Oh. Jnn. & S. Yds.—Col.t.g.,5s
2d g. 5s ..............................
OoloradoO. & 1 .1st cons. 6s,g.
Manhat. Beach H . & L . g. 4s.
Colorado F uel A I.—Gen. 5s.
M etropol. Tel. & Tel. 1st 5s..
Columbus Gas—1st, g., 5 s ....
M loh.-Pbnln. Car 1st 5s . . . . .
Commercial Cable—1st g. 4 s.
Mutual U nion T eleg.—6s, g ..
Cons.Gas Co.,Chic.—lstg n .5 s
N at. Starch M fg. 1st 6 s........ 106 b .
De Bardeleben C. & I .—g. 6s.
N
. Y. & N. J. Telep. gen. 6 s..
Oct. Gas con. 1st 5...................
N orthwestern Telegraph—7s
Edison Eleo. IU. Co.—1st 5 s..
People’ s Gas & 0 . 1 1st g. 6s. 112 " b .
Do o f B k l y n .,l s t 5 s ..
Co., C hicago....... S2d g. 6s. 108 V b .
Equit. G.-Lj, N . Y .,cons.g. 5s.
1st eons. g. 6s........................ 117 b.
Equitable G. A F .—1st 6 s ....
South Yuba W ater—Con. 6s.
Erie Teleg, A Telep. 5s, g . ..
Standard
R ope & T.—Ino. 5s. *12 V b.
Galveston W harf Co.—1st 5s
Sunday Creek Coal 1st g. 6s.
Henderson Bridge—1st g. 6s.
W
estern
U
nion T eleg.—7 s ... *Ï 06 Vb
Illinois Steel deb. 5s..........
W estern Gas ooll. tr. 6 s.........
N on-eonv. deb. 5s............
N o t ic. - “ t."in d ica te s p rice olds “ a ” p rice asked, * L atest p rioe th is w e e k .
The outstanding certificates of the issue of 1892 will be re
deemed and paid to the holders thereof, or their legal repre
sentatives, on and after February 1, from which date all m‘
terest thereon will cease. The certificates to be produced at
the time of payment, and canceled.
A dividend o f 40 per cent is declared on the net earned
premiums of the company for the year ending December 31,
1897, for which certificates will be issued on and after May 6.
Gas Securities.—Brokers’ Quotations.
__Messrs. Vermilye & Co. announce that they have opened
Bid. A sk
B id. A sk.j G A S C O M P A N IE S .
G A S C O M P A N IE S .
a branch office in the Brazer Building, State and Devonshire
170
160
P
eople’
s
(Jersey
C
ity).
streets, Boston, and that Mr. Donald Mackay, of their firm,
’klyn U nion Gas—Stpok. 123V 124V!
104
n d s ........................... --- 114 114V W llu am sbn rg l s t 6 m. . .
has become a member of the Stock Exchange m that city. C eBnotra
105
Fnlton
M
u
niclpa1
6
s
...
205
l.......... ....................
227
E q n tta b le................... . . .
80
This office will be in the immediate charge of Mr. Frederick Con B u rn ers’ (J ersey C ity ). 77
103 105
Bonds, 6s, 1899 , .. .
Bonds -.............................. 102 V 104
W Kendrick, who w ill hold a power of attorney to act tor
46
40
St.
P
a
u
l.................
.......
195
185
Jersey City & H o b o k e n ...
80
75
Bonds,
5
s.
..
.
.
.
.
.
.
.
the firm. The branch will be connected by private telephone M etropolitan—B onds........ 105
162 167
Standard
p
r
e
f.................
310
Mutual
(N.
Y.)
.................
‘ -with the New York office, and will have complete facilities
146 149
C
o
m
m
o
n
....................
113
112
N. V. & East R lv . 1st 5s..
87
86
for the transaction of a general banking basiness.
W estern G as..................
98 104
P r e f e r r e d ... ... ...— --103 104
B onds, 5 s . ...................
79
C o m m o n ...................... 77
—The annual statement o f the Liverpool & London &
Consol. 5s.......................... 107 109
Globe Insurance Co. for the year ending Dec. 31,1897, which
is the fiftieth anniversary o f the company since its establish
A uction S a l e s .— Among other securities the following, not
ment in the United States, shows the total assets to be regularly dealt iu at the Board, were recently sold at auction.
$9,681,864, o f which $2,255,400 are invested in U. S. 4 per
By Messrs. Adrian H. Muller & Son :
cent bonds, $3,674,371 are represented by loans on bonds and
iShores.
Shares.
mortgage, $677,632 cash on hand and in banks, and $2,75d,bl<i
Co.
25 Cook & Bernheimer
---------160 B’k’n & N. Y. Ferry Co. 192
preferred.................... 50
; in,real estate and in other admitted assets The surplus of
1< 0 Brooklyn Trust Co...... 405
41
Phénix
Fire
Ins.
Co.,B’k’n.175
160 L. I. L. & Tr. Co. of B’k’n220
the company now amounts to $4,486,097 05.____________
BO"ds.
New York City, Boston and Philadelphia Banks.—Below
W0 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.
Capital A
BANKS.
Survins.
Loans.
Specie.
~ $
607.781.6
609,776,9
610.992.6
023,470,1
$
LegaIs. DepositsA OircH'n. Clearings.
9
9
$
$
$
N . Y .*
1047307 79.824.1 675,064,2 15.507.2 739.857.2
D ec. 31.. 133.253.5
1005885 87.074.2 685,592,5 15,571,9 10428974
.Jan. 8.. 133.258.5
1086390 90,233,0 691,612,9 15.091.3 891.167.3
“ 15.. 132.253.5
1106476 99,245,8 714,472,8 14,693,6 852,827,1
“ 22.. 133,293,9
' B o s.*
8.810,0 187.394.0 5.504.0 135.036.3
J an . 8.. 63.393.8 182.927.0 11.969.0
186.284.0 5.351.0 113.519.4
“ 15.. 63.393.8 181.271.0 12.139.0 8.144.0 186.400.0
5.364.0 124,736,9
8.005.0
12.307.0
180.026.0
63.393.8
" 22..
Phlla. *
127.938.0 6.019.0 92,613,9
39.949.0
J an . 8.. 35.388.0 114.706.0
129.309.0 6.025.0 74,841,6
41.339.0
“ 15.. 35.388.0 114.551.0
129.225.0 6.002.0 77,924,4
42.232.0
“ 22.. 35.388.0 114.607.0
* We omit twociphers in all these flgures.
t In olu d in g fo r Boston and Philadelphia the Item
»,
due t,o oth er b a n k s .
City R ailroad S ecurities.—Brokers’ Quotations._______
Bid.
A lla n . A ve., B ’k lyn—
Con. 5s, g., 1931 ..A & O 5100
Im p t. 5s, g., 1934.J&J- 77
31
B l’eck. St.& F a i F.—Stk.
ls t m o r t .,7 8 ,1900. J& J 106
B ’ w a y & 7 th A v e.—Stock 206
ls t m o r t .,5 8 ,1904. J & D 106
2d m ort., 5s, 1914. J& J 5111
B ’ way lst,5a,gnar.l924 5117
2 d 5s, Int. a sren t’l.i9 0 5 5106
C onsol. 5s, 1 9 4 3 ..J & D 122%
M et. 8 t.R y .,gen . 5 s ,’ 97 116
B rook ly n C ity—S to c k ... 203
C onsol. 5s, 1 9 4 1 .. J& J 115
106
B k rn Q ’n sC o.& S u b .lst 105
B k l’n C.& N ew t’w n—Stk 160
113
5s, 1939........................
4 0V
B rook lyn R apid Transit
94
5s, 1945................. A & O
Central C rosstow n—S tk. 195
5122
l s t M .,6 s, 1 9 2 2 .-M & N ..-.-C en. P k.N .& E .R iv .—Stk 175
Consol. 7 b, 1 9 0 2 ...J& D ] 113
C olnm bns & 9th A v e . 5s. 123
Ohrist’p ’r& lOth St.—Stkl 165
l s t m ort., 1 8 9 8 ...A & O 102
ä A n d aoorued interest.
Ask.
103
80
33
108
212
110
112V
118
107
123
116V
204
117
108
107
116
40 V
95
180
117
123 V
160
104
Bid. Ask.
D. D. E . B. & B at’ y—Stk. 175
1st, gold, 6s, 1932. J& D 115 117
Scrip ................. — ......... 5100V 101V
E ighth A ven u e—S to o k .. 325
Scrip, 6s, 1914............... 105 10T
42d & Gr. s t. Fer.—Stook 325 350
75
74
42d St. Man. & St. N. A v
l s t m ort. 6s, 1910.M &S 116 118
96
94
2d mort. Incom e 6s .J & J
50
48
K ings Co. T rac.—Stock .
Lex. A ve.& P a v.F erry 5s 123 123V
M etropolitan St. R y.-S tk 145 V 145 V
N assau E leo, 6s, 1 9 4 4 ... 103 105
N . Y.& Queens Co.5s.1946
S teln w ay lst 6s.’ 28 J& J 115 ÏÏ7
180 200
N inth A venue—S to ck ..
160 165
Second A venu e—Stoox.
lstm ort.,5s,1909.M & N 108V 110
D e b e n t u r e s ,1909. J &J 106
Sixth A ven u e—S t o c k .... 195 210
Third A venu e—S to c k . . . 180 181
ls t m ort..5s, 1937..J& J 122V 123V
28th&29th St. l s t 5s,1996 106
T w enty-Third St.—Stock 300
103
Deb. 5s, 1903.......
17f» 200
U nion B y —Stook.
5110 112
ls t 5s, 1942.........
i W estehest’ r, lst,g n .,5 s 5108
1,920 Brooklyn City R B ^ C o . ^ ^
30 First Nat. Bk. of B’k’n.400V
20 Farragut Fire Ins. Co..100
IMenib. Riding& Diivi’g
Cluo of Brooklyn-----$11
12 Brooklyn Bank.............141
100 German-Amerioan Fire
Ins. Co............ 450 to 452
10 First Sat. Bank, N. Y.
3,101 to 3,105
50 Franklin Trust Co.......236
480 Oriental Pank............. 150V
200 Standard Cons. Mining
Co. of Cal...... $1.65 per sh.
33 CaDnelton Coal Co. of
West Virginia........ $30 lot.
25 German-Amerioan Real
Est.Title Guar. C o... 24
20 B’klyn Acad, of Music..119 V
1,000 Little Chief Min. Co.$125 lot.
40 Englewood Lyceum Co. 5
15 Imp. & Traders’ Nat.Bk.525
20 Merchants’ Ex. Nat. Bk.122
15 Bank of America......... 360
20 Trow Direct. Pr’ting &
Bookbinding C o ...... 40
12 Contin’talFire Ins. Co.446
58 Mech. & Traders’ B k ...ll5
lOBond&Mtg. Guar. Co..195V
1,100 Amer. Dist. Tel. Co---- 21V
50 Home Ins. Co................212 V
10 U. S. Mtge. & Trust C0..285V
$3,000 Un. Gas°Co. (Town of
. Lots),1st M. 6s,1905,J&J 110 V
$2.000 Cal. C*-m. Greenp’t &
B’k’n RR. 1st 68,1907, J&D.l 12%
$2,000 Long Isl. Water Supply Co. 6s,190l, J&D. . . . . . 95%
$4,000Rochester Gas & E l e o . __
Co. cons. 58,1912, M & N ....103V
$2,000 B’klyn City & Newt’ n
RR. con. 1st 5s, 1939, J&J. .114V
$1,000 City of B’k’n 7s Public
Park Loan,1915, J&J.150% & int.
$6,000 B’ Rlyn Queens Co. &
Sub. RR. 1st 5s, 1941, J&J.107V
$5.000 B e r g n e r & Engel
Brew. Co. 1st 6s, 1921, J&J.109V
$10,000 Acker Merrall & Condit 6s, 1903, F&A, guar, by
Messrs. Merralls............. 98 & int»
$7,000 Staten Island Electrio
RR. 1st 5s, 1945.................. 90
$100 Hanover Club, B’klyn,
1st «e, 1920........................... 52
$3,000 North Amer.Brewing
Co. 1st 6s, 1920.................... 51
$188.000 Elmira Munie. Imp.
Co. 1st e. s. f. 5s. 50-y-., 1942. 25
$14,475 Elmira Munie. Imp.
Co. coupon serin.................. 25
$30,000 N. Y. & N. J. Water
Co. 5s, s. f., 1920, F&A.97V &lat
$3,000 Citizens’ Gas Co. of
Bridgeport, Conn., 1st 6s,
1935, M&N.................. 88 V & int.
gatxkitxfí atxd fin a n c ia l
Spencer Trask & Co.,
bankers
2 7 Sc 2 9 P I N E S T R E E T ,
•
NEW TOR
65 State Street, Albany.
I N V E S T M E N T S E C U R I T I E S . _________
Georg e B a r c la y M o ffa t.
A l e x a n d e r M. W h it e ,*
M o f f a t
& W
BANKERS,
H o. 1 N ASSAU S T R E E T ,
IN V E S T M E N T
-
h i t e
,
NEW TO R A
S E C U R IT IE S '
THE CHRONICLE.
January 29, ld98.j
^ B an k ers’
4 83; grain, 4 82%£; cifcton for acceptance, 4 81V£@± 83 ; ‘ cot
ton for payment, 4 8 1 ^ 4 81%.
*
^
Posted rates of leading bankers follow :
(S a e tte .
D IV ID E N D S .
1
1 Per
When
Cent. Payable.
Name o f Company.
January 28.
B ooks closed.
(Day8 inclusive.)
K a 11road*i ( S t e a m .)
Boston & Maine pref..................
Buff. Rochester <te Pittsb’rg pref.
Ch. St.P. Minn. <fc Omaha com...-.
I ..
“
pref..
Cornwall & L e b a n o n ................
Mahoning Coal common.............
Rome Wat. & Og i. guar, (quar.) „
S tr e e t H a l l w a y s .
Brooklyn City & Newtown (qu.).
B an k s.
Corn Exchange ............................
Lincoln National (q u a r.)....... .
P. ople’s (Brooklyn).....................
Twenty-third Ward ......................
T r u s t < o m pa «lies.
Farmers’ Loan .fe Tr. (quar.).......
Kings Co.v Brooklyn (quar.).......
m n -e . ii a u eo iiM .
3
March 1 Feb. 16 to Feb.
Feb. 15 — — t o -----3 % f Feb. 21 Feb. 6 to Feb.
1
2
7
Feb.
1 Jan, 29 to Feb.
1% Feb. 15 Feb. 1 t o -----2
Feb.
1 Jan. 26 to Feb.
1
6
Feb.
3
20
15
Feb!
1 Jan. 29 to Feb.
5
2
Feb.
Feb.
1 Jan. 22 to Feb.
1 Jan. 25 to Feb.
92
10 Feb. 2 to Feb.
l|Jan. 21 to Feb.
7 Feb. 1 to Feb.
15 Feb. 1 10 Feb.
25 Feb. 16 t o -----2 — — t o -----1 Jan. 16 io Jan.
10
1
7
15
31
. The Money Market and Financial Situation.—Under the
influence of two or three important events, present and pros
pective. business in W all Street has been on a broad and lib
eral scale during the week. One of the prospective events
has led to unusnal a tivity and advance in shares of New
Y ork O n tral and other railway systems with which its
management is identified. Of the developments which are
contemplated in connection with New York Central the
public is not informed, bat it is generally believed that they
include a closer alliance with its Western connections, and
w ill doubtless prove of great advantage.
Most prominent of the events which have actually taken
place affecting security markets was the announcement, of
the Chicago Rock Island & Pacific refunding plan, the offer
ing of its new bonds and the statement issued in connection
therewith. A ll the Western securities were favorably influ
enced by this statement and other traffic reports from thtt
section, so that the investment demand has been qnite unusual.
It is reported that transactions in the railway bond dep trt
m -I t thus far this month exceed the total for any month in
the history of the Stock Exchange. However this may be,
they reflect a confidence in the future of railway securities
which has been steadily growing for some time past. Thi
confidence is the result in part of the revival of business
which has already taken place, but is also based upon the
attitude of President McKinley and his official advisers at
Washington in the matter of maintaining the nationalcredir..
Recent utterances on that subject have strengthened confi
dence and stimulated activity in all financial departments.
The open market rates for call loans on the Stock Ex
change during the week on stock and bond collaterals have
ranged from 1% to 2 per cent. To-day’s rates on call were
l)-£ to 1% per cent. Prime commercial paper is quoted at
8 to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £447,550 and the percentage
o f reserve to liabilities was 44-89, against 43-37 last week: the
discount rate remains unchanged at 8 per cent. The Bank
of France shows an increase of 2,575,000 francs in gold and
1,525.000 francs in silver.
The New York City Clearing-House banks in their statement of January 22 showed an increase in the reserve held
o f $11,021,400
and adboer
surplus
over the required reserve of
OO'fx O A n
ooo
1898.
Jan. 22.
Differen’sfr*m
Prev. week.
1897.
Jan. 23.
1896.
Jan. 25.
$
59,022,700
74,271,200
623,470,100
14,593.600
714,472,800
110,647.600
99.245,800
209.893,400
178.618,200
$
$
59,772,700
74.888.100
490.336.700
18.479.8CO
563.479.600
79.194.100
118.803.600
197.937.700
140,869,900
$
61,122,700
73.017,100
447.859,900
13.810,500
489.740,800
76,160,900
83,952,800
160,113,700
122,435,20
Ino.12477500
Deo. 497,700
In c.22859900
Ino.2,008.600
Inc .9,012,800
In o.11021400
In e.5,714,975
Surplus reserve 31,275,2 0 Ino .5,306,425
57,067,800 37,678.500
The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
the second page following.
Foreign Exchange.-—The tone of the foreign exchange
market has beea alternately easy and firm during the week.
Investors continue to absorb long bills, when offered freely,
which process acts as a governor to the market, and there
has been very little change in actual rates.
To-day’s actual rates o f exchange were as follows: Banki rfln /lxt' days’ sterling, 4 82J^@4 821^: demand, 4 84%(3
4 84^4 ; cables, 4 84%@4 85 prim e,commercial^ sixty, days,,
4 ol>£@4 84; documentary commercial, sixty-days, 4
Demand.
4 83 @4 83% 4 85%®4 86
4 81%@4 82
4 81%®4 82
5 211»,f @ 21% 5 20 ,@ 5 l915,8
40 @40%« 40»ie@40%
94%® 94%
9415.8'® 95
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah
buying % discount, selling par; Charleston, buying 1-16 dis
1 count, selling 1-16 premium; New Orleans, bank, par,
1 commercial $1 00 discount; Chicago, 7"c. per $1,000 pre
mium: St. Louis, 25@30c. per $1,( 00 premium.
United States Bonds.—Sales of Government bonds at the
1
Board include $50,001) 4s, coup., 1935, at .139^; $10,0(0 4s
1 reg., 1925, at 127i£; $1/00 5s, coup., at l4j|, and $25,000
1 currency 6s, at 104. The following are closing quotations •
W A L L ST R E E T, F R ID A Y . JAN . 2 8 , 1 8 9 8 - 5 P. M.
Capital.................
Surplus..............
Loans & disc’nts.
Circulation..........
Net deposits........
Specie..................
Legal tenders___
Reserve held.......
Legal reserve___
Sixty days.
Prime bankers’ sterling bills on London
Prime com m ercial.....................................
Documentary oommerolal........................
Paris bankers’ (francs)....................... ......
Amsterdam (guilders) bankers................
Frankfort or Bremen (reiohmarks) b’kers
1
ll.Tan. 28 to Feb.
1
3
2%
3
Blackwell’s Durham T obacco...
Consolidated Ice common..........
1
Feb.
Hudson River Telep. (quar.)___
1
Feb.
Mich.-Peuin. Car, pref..........I”
1
Feb.
N. Eng. Telep. & I'eieg. (quar.)..
1% Feb.
People’s UasL.dfcCoke Chio.(qu.)
1% Feb.
United Electric Securities, pref. $3 50 May
Washington (D.C.)QasLt. (quar.)
2% Feb.
223
Interest Jan.
Periods. 22.
2s....................... reg.
4s, 1907............reg.
4s, 1907..........coup.
4s, 1925.......... reg.
4s, 1925.......... coup.
5s, 1904............reg.
5s, 1904..........coup.
6s, our’oy,’9 9 .. .reg.
4s, (Cher.)1898.reg.
4s, (Cher.) 1899.reg.
Q. -Mob.
Q .-Jan.
Q .- Jan
Q .-F eb ,
Q .-F eb.
Q .-Feb.
Q .-F eb
J. & J.
Mareh.
March.
Jan.
24.
Jan.
25,
Jon.
26.
Jan.
27.
Jam
28.
100 *100 100 *100 TOO TOO
*U2% *112% 11?%I*112% T12% 112%
*11418 *11418 114% *114% 114% 114 %
*127% 127's 12- 13*12714 127% T27%
*128% 128% 128% *1281« 12"% 129%
113% '*n8% *11318 *113% 11318 113%
*114% 1*11414 *114% 11414
114%
1 0 » *io 3%!*io 3%!*io 3% 103%
103% ¡*10314 *103%'*103%, 103%
lu^
*103% *103%*103%i*103%l*103%
1143b
103%
103%
103%
uo sttie was made, .
United States Sab-Treasary,—-The f »llowiug table shows
the d lily receipts and paym -ms at the Suh Treasury
Date.
Jan.
“
“
“
“
“
22
24
25
26
27
28
Total..
Balances. ..
Receipts.
$
2,315,817
3,426,806
3,57s,68 L
3.595,760
3,613,496
2,-16,933
19.347.493
Payments.
Coin.
$
3,466,736
3,335,726
3,075,963
3,580,337
3,009,107
3,534,480
$
147,710,974
147,567,564
147,595.549
147,4 7.255
147,518.111
147,25 ,2u2
, 1
20.ony.si9
1
Coin Cert’s. Currency.
2,115,950
2,106,454
2,239,691
2,181,219
2,003,097
1,9-4.394
..
.
'$ "
30,56ibl76
30,813,167
31,154.723
31.336,912
32,<13 8,566
31,669,541
State and Railroad Bonds.—Sales of ¡State conus ht the
Board include $35,000 Virginia fund, debt 2-3s of 1991 at
70^ to 71 and $5,U0J Virginia 6s deferred trust receipts,
stamped, at 5.
Tne market for railway bonds has been unusually active
on advancing quota-ions. The volume of business at the
Exchange has ranged from$3 346,000 to $v,711,0 0, averaging
$4 513,'00 per day, par value. A large proportion of°the
trading was in a few issues, including the Atchison, Erie,
Kansas Pacific, M'ssouri Kansas & Texas, Northern Pacific,
Reading, Texas & Pacific, Union Pacific, Wabash, W iscon
sin Central and bonds of the Oregon companies, nearly all of
which, with other less conspicuous issues, have advanced
from 1 to 4 points. The active list includes also Brooklyn
E'evated, Chesapeake & Ohio, Chicago & E»stern Illinois
Chicago Terminal, International & Great Northern, Mis
souri Pacific, Mobile & Ohio, Norfolk & Western, R o Grande
Western, St. Louis & San Francisco and Western New York
and Pennsylvania bonds.
Railroad and Miscellaneous Stocks.—The stock market
has been active and buoyant this week, stimulated by the
various factors referred to above. Transactions at the Ex
change have ranged from 365,000 to 509,0. 0, and averaged
453,UU0 shares per day. Most conspicuous in the movement
was the Vanderbilt group, led by New York Central, which
sold to day at 119%, an advance of over 7 points within the
week. Only on one occasion, namely December, 1891, has
New York Central sold at so high a figure since the era of
high prices early in 1884. Lake Shore on limited transactions
advanced nearly 10 points and Michigan Central 5 ^ points.
Tne grangers were next in prominence, of which Rock Island
was the leader on the statement of earnings made in connec
tion with the announcement of tbe refunding scheme, and
it advanced 7 points.
The coal stocks are an average
of about 3 points higher on reports of better business condi
tions in both the bituminous and anthracite trade. Local
transportation stocks 1 ave been relatively dull and unsteady,
showing wide fluctuations in some cases, but generally close
higher.
The miscellaneous list has been largely neglected but
strong in sympathy with the more conspicuous railway list, j
The following table shows the highest, lowest and closing
prices of some prominent stocks :
St. Paul.
Uuiojx P a cillo . . . .
Manhattan Eleva
A m e r ic a n Sugar ;.
Western Um o n ., . >,
Highest.
1 9%
189%
95%
114
154
58
94%
96%
lOO%
67%
118
92%
Lowest.
112%
179%
91%
110%
151%
54%
87%
92%
97
62
30
115%
13 ’»%
89%
Closing1
118%
188%
1 94%
112
153
57%
93%
95%
99%
67
33%
116%
137%
90%
224
THE CHKONICLE
[V ol . L X \ l
NEW YORK STOCK EXCHANGE—AO TIVE STOOKS f o r week ending JAN. *¿8, and since JAN. 1, 1 8 9 8 .
HIGHEST AND LOWEST PRICES.
Monday,
Jan. 24.
Saturday,
Jan. 22.
Tuesday,
Jam 25.
Wednesday, Thursday,
Jan. 27.
Jan. 26.
Friday,
Jan. 28.
STOCKS.
Sales of
Range for year 1898.
the
[On basts o f j co-share tote.]
Week.
Shares.
Lowest.
Highest.
A c t iv e IS I t . S t o c k s .
6,202 12'fe Jan. 24 13% Jan. 7
13% 13% Atchison Topeka & Santa Fe.
30% 31%
Do
pref. 54,035 28% Jan. 74 317s Jan. 12
5,187 12% Jan. 2
14% Jan. 7
13%
13%
Baltimore
&
Ohio..................
13
13
39% 41 Brooklyn Rapid Transit........ 63,v 60 36% Jan. 5 41% Jan. 14
38% 39%
5.000 84 Jan. 6 90% Jam 20
*89
89%
Canadian
Pacific.....................
89
89%
7,590 51% Jan. 3 55% Jan. 14
54% 55 ¡Canada Southern.......... ........
*53
54%t
94
95 ICentral of New J ersey............ 12,894 91 *4 Jan. 2> 98% Jan. 7
92
93%
2T0 11% Jan. 4 1 3 « Jan. 21
*13%
14%
Central
Pacific..........
.............
l13i4 13%
22% 22% Chesapeake <fc Ohio..... ........... 20,20"' 21 Jan. 24 23% Jan. 12
2112 21 %
214 §163 Jan. 7 §166%Jan. 14
164% 165 ¡Chicago & A lton .....................
A
*16512......
99% 100% Chicago Burlington & Quincy 129,187 97' Jan. 24 102% Jan. 12
98% 97% 98% 9-%
98% 9P% 97
500 55 Jan. 8 59 Jan. 27
Chicago
<
&
Eastern
Illinois...
*57%
60
56% 56% *57
56
57
2 950 102 Jan. 7 10 % Jan. 26
Do
pref.
109% 109%
109
i05% 107
107 109
106 106
44,800
Chicago
Great
W
estern........
13% Jan. 24 >6% Jan. 8
14%
15
14
14% 13% 14% 13% 14% 14
1,950
8% Jan. 5 10% Jan. 14
9% 9% Chic. Indianapolis & Louisv.
9%
Q
9
9
9%
9
9%
2,930
Do
pref.
30
Jan.
32%
32%
33% Jan. 14
31% 31% 31%
31
31% 31% 31
Chicago Milwaukee & St. Paul 116,53* 92% Jan.
97% Jan. 12
95%
96*4
94%
94%
93%
92%
94%
93% 94%
1,632
Do
pref.
142%
Jan.
144%
144%
146
Jan. 14
144
143% 14s% 144 144
$144 144
123 12ò% Chicago & Northwestern. ... 23,218 H9% Jan.
125% Jan. 28
m % 121% 119% 121% 120% 121% 121%
510
Do
pref.
163
Jau.
165%
Jan. 14
164% 164% *164% 165%
“ 164% 165
93% 94%|Chicago Rock Island <fePacific 120,973 88 Jan.
91% Jan. 28
88 % 8 * % 87% S8% 88% 89% 89%
12.760
75%
76%
Chicago
St.
Paul
Minn.
&Om.
72
Jan.
24
Jan. 7
7778
74%
72% 74
74
72% 74% 72
265 §148 Jan. 5 151% Jan. 22
48 152 I
Do
pref.
151% 151% *148
151% 151% ‘ 148 152
3,558
7%
7%iChicago
Terminal
Trans
er..
4%
Jan.
3
Jan. 18
8
78
7%
7
7%
§7% 7%
§7% 7%
5,679 22% Jan. 3 28 Jan. 12
26% 26% _
Do
_
J>ref.
26%
26% 27
26% 27
26% 27
11,645
Clev.
Cincin.
Chic.
&
St.
Louis
36%
33%
Jan.
24
35%
36%
Jan. 10
33% 33% 33% 33% 33% 34% 35
Do
pref.
80 J an. 7 80 Jan. 7
2,5«
1
Delaware
&
Hudson...............
112
112
110%
Jan.
21
114
Jan.
8
112% 112% 113 114
112
111% 1H% 110% 111% 112
153 153% DelawareLackawanna&West 3,410 150% Jan. 21 156 Jan. 4
153 154
151% 151% 152% 152% 152% 152% 152* 152
300 12 Jan. 12 13 Jan. 12
*13
14 Denver & Rio G rande.......—
13
*11% 12% 12% 12% 13
*11% 12
Do
pref. 13,8*0 46 Jan. 3 51% Jan. 28
51%
47% 48% 48% 48% 497e 50
$48% 48% 47% 47% 47
3,550 14 Jan. 24 15% Jan. 7
14% 14% 14% 14% 147s 15% 15% 15% Erie.......................... .................
14
14% 14% 14
19,469 3? Jan. 4 39% Jan. 7
Do
1st
pref
38%
39%
39%
37%
37%
3778
*36% 38
37
37% 37% 37
810 18% Jan. 22 20% Jan. 8
Do
2d pref
19% 19%
18% 18% 18%
18% l- % *18
125 130 Jan. 12 134 Jan. 13
134 134 Great Northern, pref.............
*130 136 ‘ 130 136 *130 136 *130 136 *130 136
8,242
102% Jan. 5 108% Jan. 28
108 108% Illinois Central.......................
105% 106% 105% 106% 106% 107% 107% 10S
§106 106
505
8% Jan. 22 9% Jan. 13
§9%
9%
Iowa
Central............................
9
9
9
*8%
*8% 9
8% 8%
8%
8%
713 33 Jan.
Do
pref.
35 Jan. 8
*33
34
34
*33
33
33
33
*32
*32
33
*32
34
101
16%
Jan.
Lake
Erie
&
Western.............
17% Jan. 12
*16%
17%
17%
17%
17
§17% 17% *16
*15% 17
*16
17
1,025 70% Jan.
73% Jan. 12
§72%
72%
Do
pref.
72
'8
73%
72%
72%
71%
71%
§72%
72%
*71
72%
5,042
170%
Jan.
Lake
Shore
&
Mich.
Southern
189%
Jan. 28
188%
189%
186 188%
182 186
181 182
179% 180
*........ 180
58% Jan. 12
56% 58 Louisville & Nashville............ 39,747 54% Jau.
55% 55% 54% 56% 55% 55% 55% 57% 56% 57% 116%
131,953
110
Jan.
120%
Jan.
14
Manhattan
Elevated,
consol.
117%
116% 117% 116% 118
117% 118% 115% 117% 116% 118
145% 147% Metropolitan Street............... 36,483 128% Jan. 4 14 % Jan. 28
143% 145% 143 145% 145 146% 144% 145% 145 147
11,937
100
Jan.
4
107%
Jan.
27
Michigan
¡entral.
.................
106%
107%
105% 106% 106% 107% 106% 107%
104% 104% 104% 106
200 25 Jan.
26% Jan. 7
26 Minneapolis & St. Louis........
25% 25% *25
*24
26
26
*24
*24
26
*24
26
85%
Jan.
13
193
86
Jan.
13
*85
87
Do
1st
pref.
85% 85%
*84
86
86
*84
§86
86
*84
86
702 53% Jan. 24 56% Jan. 7
55
55%
Do
2d pref
54% 55
55
*53
55
*53
*54
55% 53% 54
15,555
12%
Jan.
5
14%
Jan.
26
Missouri
Kansas
&
T
e
x
a
s
___
13% 14
14% 13% 14
12% 12% 12% 12% 13
*12% 13
Do
pref. 70,445 33% Jan. 5 41 Jan. 28
35% 35% 36% 36% 39% 39% 40% 39% 41
35% 35% 35
35% Missouri Pacific.......... ............ 51,840 32*- Jan. 24 35% Jan. 28
33% 33% 32% 33% 32% 33% 33% 34% 34% 35% 34%
1,053 28% Jan. 18 31% Jan. 20
Mobile
&
O
h
io.........................
30
30
30%
30%
30%
30
30%
30
29% 30
30
30
119% New York Central & Hudson. 221,195 105% Jan. 3¡119% Jan. 28
1*2 112% 112% 114% 119%416% 116% 117% 117% 119% 118%
613 >3 Jan. 3| 14% Jan. 13
New
York
Chicago
&
St.
Louis
14%
14%
14%
14%
14%
§13% 13% *13% 13% 13% 13% 14%
2 §67 Jan. 52 §67 Jan. 22
Do
1st pref
*67
75
75
*65
7b
75
*65
*65
*65
75
§67
67
a5 Jan. 7| 40 Jan. 28
1,525
Do
2d
pref.
39%
40
39
38%
*36% 37% *35% 37% 37% 37% 37% 37%
501 §178%Jan. 7 §192 Jan. 28
192 NewYork New Haven & Hart
189% 189% §189% 190 §190 191 §190 190% *190% 192 §192
53,855
15% Jan. 3 18% Jan. 26
New
York
Ontario
&
Western,
17%
18%
18%
*16% 16% 15% 16% 16% 17% 17% 18% 17%
160
8 Jan. 8 18 Jan. 5
§11 11 New York Susq. & West., new
12
*11
12
12
*11
*11
12
11 % 12
*11
1,434
23
Jan. 10 34 Jan. 6
Do
pref.
28
28
28%
28
28
28
28
28
28% 28% k2'% 29
14%
Jan. 25 15% Jan. 12
625
Norfolk
&
W
estern................
14%
14%
*14%
15
14%
14%
14%
14%
*14
15
*14
15
5,699
46
Jan. 24 48% Jan. 27
Do
pref.
47%
47%
47% 47% 48%
46% 46% 47
46
46
47
47
98,821
20%
Jan. 4 28% Jan. 28
Nor.
Pacific
Ry.,voting
tr.ctfs.
27%
28%
27%
267a
26%
27%
26
27
25
26%
26% 26%
167,880
58
Jan. 5 6 7% Jan. 28
Do
pref.
66%
67%
66%
63% 63% 64% 64% 65% 65
63% 64% 62
3,742
35%
Jan. 7 52 Jan. 28
Or.RR.&
Nav.
Co.
vot.
tr.
ctfs.
51
52
49
51
50
49
*48%
48
47% 48%
49
49
400
68
Jan. 5 72% Jan. 20
Do pref., vot. trust ctfs.
71% 71%
*70% 72
*70% 72
72
§72
72
71% §71
§71
4,469
19%
Jan. 3 24% Jan. 20
Oregon
Short
Line..................
24
24%
24%
24%
23%
24%
24%
§23%
23
23%
24
24
4,610
38%
Jan. 5 43% Jan. 19
42% 43% Pittsburg Cinn. Chic. & St. L.
41% 42% 42% 42% 41% 42% 42*4 43
42% 43
2,135 64% Jan. l8 70 Jan. 27
Do
pref.
*67
70
70
69% 69% 69% 70
69
69
§69% 69% '66
22% 22% 22% 2 2 % Reading, voting trust certifs. 13,590 21% Jan. 24 23% Jan. 6
23
21 % 21 % 21% 21% 21% 21% 22
1st pref. voting trust certs. 23,494 48% Jan. 24 53 Jan. 7
51
52
51% 52
49% 49% 48% 49% 49% 49% 50% 52
8,440 26% Jan. 19 29 Jan. 6
27% 27% 2d pref., voting trust certs.
26% 27
27% 27% 28
26% 26% 26% 26% *26
§21% Jan. 11 §21% Jan. 11
Rio
Grande Western...............
*22
26
*22
26
*22
26
26
*22
‘ 22
26
*22
26
100 58 Jan. 28 61% Jan. 8
Do
pref.
58
58
59
60
*55
5878 5-<7« *54
*55
60
59
*56
8 Jan. 7
6% Jan. 28
St.
Jos.
&
Gd.
Isl.,
vot.
tr.
ctfs.
877
6%
6
%
7
7
*6% 7
*6% 7
§6 %
6 % *6% 7%
Do
1st pref.
780 47% Jan. 22 51 Jan. 7
49
49
48% , 487s 49
‘ 48
50 * __ 48% *
47% 48
Jan. 7
20
16%
Jan.
25
Do
2d
pref.
1,427
§17%
17%
*16% 17% 16% 16% *16% 17% 17% 18
17
17
7 Jan. 24 7% Jan. 8
968
*7% 7% St. L. & San Fr., vot. tr. ctfs.
7%
7%
7
*7% 7%
7
7
7%
7%
*7%
Jam 8
58
53%
Jan.
24
Do
1st
pref.
4,738
56% 56%
54% 55% 55% 56% 56% 57
56% 53% 56
*56
Do
2d pref.
3,785 25 Jan. 19 27% Jam 7
26% 26% 26%
25% 25% 25% 25% 26
25
25% 25% 25
27
4%
Jan.
3%
Jan.
24
St.
Louis
Southwestern..........
1,050
4% 5
4%
4%
4
*3% 4%
4%
3% 3%
*3% 4%
9 Jan. 24 11 Jan. 27
3,235
Do
pref.
10% 10%
11
10
9% 10
9%
*9
9
9
*9
9%
Jan.
8
25
St.
Paul
&
Duluth....................
20%
Jan.
6
3u0
23
23
*21
23
23
24
24
*21
‘ 21
24
22
22
295 84 Jan. 27 85 Jan. 28
Do
pref.
84
85
84
85
*82
86
86
*82
*82
86
86
Jan.
12
124
Paul Minn. & Manitoba...
20 12i% Jan . 12
§124 124 *121% 124 *122 125 *121 124 *121% 124 *121% 123% St.
1,610 19% Jan. 24 22 Jan. 12
20 % Southern Pacific Co................
20% 20
20% 20% 20% 20
20
19% 20
20
20
9% Jan. 12
8% Jan. 24
3,765
9% 9% Southern, voting trust, certif,
9%
9%
9
9
9%
8%
8% 8%
-8%
9
31% Do pref., voting trust cert, 17,633 29% Jan. 4 32% Jam 12
30% 30% 30% 31% 31
30% 30% 29% 30% 29% 30
12 % Texas & Pacific....................... 12,392 10% Jan. 5 12% Jan. 27
12 % 12 % 12 % 12
11 % 11 % 11 % 12 % 12
* 11% 12
32% 33% 33% 33% 33% 34% Un. Pac., tr. reo., all inst. pd. 140,537 25% Jan. 3 34% Jan. 28
31% 30% 32
31% 31% 30
6% Jan. 5 lo % Jan. 10
7,450
9%
9% 9% Un. Pac. Den. & Gulf tr. rects.
9%
8% 8% 9% 9
8%
9%
9
1,000 6% Jan. 24 7% Jan. 12
8
7%
7% Wabash................. ..................
7
7
§7% 7%
7
6%
8
*7
Do
pref.
7,590 17% Jan. 4 19% Jan. 13
17% 1 8 « 18% 18% 18% 18% 18% 18%
17% 18
17% 18
4,240
2 Jam 5 3% Jan. 11
3
3%
3
3% Wheel <fc L. Erie, $1 ass’t pd.
3%
3%
2% 3
2% 3%
3%
3%
9% Jan. * ^ 16 Jan. 12
Do
pref.
do.
800
14%
14%
13%
14%
*
12
%
13%
*12%
13%
12%
14%
13% 13%
M is c e lla n e o u s S t o c k s .
4.014
20
Jan. 25 23% Jan. 10
22
22%
21
22
American
Cotton
Oil
Co........
20
20%,
20
23
20
%
20
%
21
21
5,552 74% Jan. 24 76% Jan. 28
Do
pref.
75% 76 I 76
76%
75% 75 76%
§75% 75% 74% 74% §73%
6%
Jan.
20 9% Jan. 26
20,135
9%
9%
§9%
9%
American
Spirits
Mfg.
Co—
8
9%
9%
9%
8
8
%
8
8*
2,222 18 Jan. 3 22 Jan. 26
21
21 I 21% 21%
Do
pref.
21 % 21 22
18% 18% 18% 19% 20
145 Jan. 7
144,562
135%
Jan.
17
137%
139
137
139%
American
Sugar
Refining
Co.
136%
137%]
137
138
136% 137% 135% 137%
537 112 Jan. 15, 116 Jan. 6
Do
pref.
§113% 113% 113% 113% §114% 114% §113% 114% §113% 114
83%
Jan.
2»
91% Jan. 7
27,540
87%
87%
87%
88%
American
Tobacco
Co............
85
85%
85%
87%
'8 5 % "85% 83% 85%
175 113% Jan. 14l117%Jan. 10
112 116 §115 115
Do
pref.
1115 115 *112 ...... §114 114% §112 112
3%
Jan.
4l
5% Jan. 21
14,052
3%
4%
3%
4
Bay
State
Gas..........
...........
3%
4
4
4
4
4%
4% 4%
193% 190% 193 Consolidated Gas Company.. 36,950 176 Jan. 3 19 % Jam 25
186% 189% 189% 194% 192% 195% 190% 193% 191%
3 7 % Jam 24
30
Jan.
12
11,534
33%
35%
_________
,
35
35%
Consolidated
Ice
C
o
........
.
36
37
35%
37
34% 37%
33% 35
1,812 85 Jan. 7 89% Jan. 4
8 7% 87% *86
87%
Do
pref
86 % 86% 87
8 6 % 86% 86% 86% 86
37% 35% 36% General Electric Co............... 15,160 33% Jan. 4 37% Jan. 8
35
35% 35% 36% 36
35% 35% 34% 35
6,745 34 Jan. 24 37% Jam 7
35
35% 35% 36% 35% 35% National Lead Co..................
35% 34% 35
85% 35% 34
1,105 106 Jan. 3 .108 Jan. 24
Do
pref
106 106 *106% 106% 106% 106% 107% 107%
*107% 107% 106% 108
31% 32 Pacific Mail............................ .
8,070 29% Jan. 3 32 JaiL 12
30% 30% S'i% 31% 31% 32
*31
31% 29% 31
45,673
94% Jam 25 98% Jam 14
96%
97%
People’s
Gas
L.
&
C.
of
Chic.
96% 97%
95% 96% 94% 96% 94% 95% 95% 96%
57% *56% 57% "56% 57 Silver Bullion Certificates....
*56% 57% *56% 57% *06% 57% *56%
77
3% Jam 3 4% Jam 11
§4%
4%
4% 4%
*4
4% Standard Rope & T w in e ......
§3% 3%
§3% 3%
*3% 4
25% 25% 25% 25% 25% Tennessee Coal Iron & R P .... 12.383Í 23% Jan. 24 28% Jam 11
24% 24% 23% 24% 24% 24% 25
1,800|
6% Jan. 13
7% J a m :10
7
7
7
7% United States Leather Co ....
*6% 7
*6% . 7
*6% 7
5,507' 63 Jan. 24 65% Jam 8
65% 64% 64%
Do
pref
63% 63% 64
63
63
64
63% 63% 63
1,000
15
Jam
18
17%
Jam 28
16% 17% 17
17
17% United States Rubber C o ....,
*16% 16% 15% 16% *15% 17% *15%
2,215 63% Jam 11 66% Jam 28
Do
pref
65% 65% 66%
64% 65
63% 63% 63% 63% *63% 63% 64
19,652
89%
Jan.
4
93%
Jam 10
90% 90% 89% 90% 89% 90% 90% 91% 91% 92% 90% 92% Western Union Telegraph....
12!% 12¡%
29*2 2978
12%
28%
12%
38%
*88%
53
91%
*13%
21
12% 12%
29% 29
12% 32%
40% 39%
89*i! 89%
53%
54
92%
93
14% *13
21% 21%
12% 12%
29% 29%
12% 12%
39% 39%
89% 89%
54%
55
93
93%
§13
14
21% 21%
1278 12% 13%
30% 30% 31%
13% 13%
13
39% 40%
40
89 \ 89% 8*%
55% 54% 55
94% 94% 95%
13
13% 13%
22% 22 % 22%
164% *1651«
90% 99% 100%
59
59
59
109% 109 109%
14% 14% 1478
9^
9
9%
32%
33% 32
95% 95% 96
144% 145 145
122% 122% 123%
165 165
92% 92% 94
74% 76%
75
152 *148 152
7% 7%
7%
27% 26% 26%
35% 35% 36%
‘ These are bldand asked} HOsal&.made. § Leas than 100 shares.
|3 P* For Inaotlve Stocks see fo llow in g pase.
THE CHKONICLE,
J anuary 29, 1898.J
225
NEW fO R K STOCK EXCHANGE PRICES (Co a tla a e i)—/Y A O riV Ü SPOOKS.
Jan. 23.
I nactive Stocks .
D ndloates unlisted.
Bid.
Ask.
Range (sales) in 1898.
Lowest.
Highest.
1
I nactive Stocks .
1TIndicates unlisted,
(\ Indicates actual sales .)
Jan
Bid.
28.
Range ( salesj in 1898.
Ask.
Lowest.
Highest.
M is c e lla n e o u s S to c k s ,
183
„1 0 0 180
.100 J160*fl
157 Jan.
Ì2
13
12*3 Jan. American Bank Note Co fl . . . .
..100
110» Jan.
i 20 140
American Coal............. .... . . .
..100 *34% 35
34 Jan.
}28
American E x p ress..... . . . . . . . .lo o J119 119% 116 Jan
28
90 Jan.
.100 05
67*4 65 Jan. 67% Jan. Amer. Telegraph & Cable....... .100 191
72 Jan.
.100 70
72 Jan. Brooklyn Union Gas................ .100 1122 123 119 Jan.
....
36*s Jan. Chic. Juno. By. & Stock Yards. 100
Chicago Great West. Dref. A. ..100 135*4 36*8 33 Jan.
23 Jan.
..100
23*4 24% 23*4 Jan.
25s» Jan. Colorado Fuel & Iron ............. 100 124*3 25
__
78
Preferred............................... .100 70
.1 0 0 117
19*4 Jan.
17*3 15*4 Jan.
6 Jan.
17
7*4
..100 46
49
48 Jan. 4978 Jan. Col. & Hook. Coaltr.rot8.allpd.100
175
100
185
.. .
...
50
Commercial
Cable___.
.
.
.
.
.
.
.
.
168
Cleve and * Pittsburg.„
..100
7
Consol. Coal of Maryland.. . „ 100 38
10%
.À.O- 50 Jan.
. . l o o 120
21
17 Jan. 23 Jan. Detroit G a s . . . . . . . . . . . . . . . . . . . . 50
Jan.
12
12 Jan.
13 Jan. Edison Eleo. 111. of N. Y .. . . . . . 100 130 134
13
Des Moines & Ft. D odge....... ..100
Edison Elee. 111. of Brooklyn. .100 107*s 110 110 Jau.
..100 70
........
. ...
23 Jan.
25 Jan. Erie Telegraph & Telephone . .100
28
Evansville & Terre Haute---- .. 50 23
130% 31*9 2814 Jar.
40 Jan.
.. 50 140*3
41 Jan. Hawaiian Com. & Sugar..........
54*4 48 Jan.
Flint & Pere Marquette......... ..100 112*3 12% 12 Jan. 12% Jan. Illinois S t e e l......................... 100 (52
44 Jan.
45
4L Jan. 43 Jan. Laclede G a s . . . . . . . . . . . . . . . . . . . .100 144
43
P referred ...._____ _. . . . . . ..100 141
90
93 Jan.
30 Jan.
30 Jan.
40
Preferred.......... ..................... 100 87
Green Bay & Western.......... ..100 30
.. .
52
6*3 Jan. Maryland Coal, pref............... 100 45
6*3 6 Jan.
Deb. ci-rtfs. B.................. . .1000
16*4
...
Kansas City Pitts. & Gulf ... „1O 0 120
20*4 19% Jan. 217g Jan. Michigan-Peninsular Oar C o.. .100 .a ... ........
___
....
...
ó J till.
4
100
3
3 Jan.
Preferred..................... ..
Keokuk & Des Moines.............100
57 Jan.
15
16
Minnesota I r o n . . . . . . . . . . . . . . . . 100 159% 60
Pref*crea . . . . . . . . . . . . . . . . . . . . l o o
17 J»n.
45
37 Jan.
41*3 Jan. National Linseed Oil O o ....... 100 118*3 19
Long Isltnd.. . . . . . ----------. . . . ..100 42
...
...
1
National Starch Mfg. C o ..... . 100
7*3 9
Mexican National tr. o t fs .... . . l o o
1*4
8
7 Jan.
7*s
Morris * *C«sex.. . . . . . . . . . . . . . .. 50 170 175 167*3 Jan. 175 jan . New Central Coal..................... 100
100
„1 0 0 114*s
„ 50
320 Jan. 320 Jan.
100
4% Jan.
121 Jan. 122*4 Jan. North American Co............. 100
1578 6
N.Y. Lae«. * W e s te r n ....... ..100 1122*4
3 <4 Jan.
2*3 4
Pennsylvania....... .................. .. 50 1116*4 116% 114 Jan. 117% Jan. Ontario Silver M in in g ......... 100
340
Jan.
365
...
1*8
Jan.
1
50
Pennsylvania C o a l ...... . . . . . . .
Peoria Decatur & Evansville „1 0 0
1*4
78
3 Jan.
3 Jan. Pn'lm in Palftfl« Oar fin........ . 100 1178 179 173 Jan.
4
7
Peoria Y Eastern___ _____ ..100
2
2
Jan.
Jan.
169
10O
2*2
„1 0 0 J169
182 Jan. 182 Jan.
3
8
’ Preferred_____ T__________ 100
„1 0 0 180
g........
100 j 22k
100
122
5% Jan.
::iu o 1180 >82 164 Jan. 186*3 Jan.
100
41*3 40 Jan.
100 *41
West Chicago Street............... ..100| ]100% 101 100 Jan. 102% Jan. U. 8. Express.......... .
7e Jan.
37s Jan. Wells, Fargo Express ............. 1001114 115 113 Jan.
Wisconsin Cent. vot. tr. otfs. ,.io o l ........ ......
* No price Friday latest price tills week.
1 Actual Bales
9178 Jan.
125 Jan,
....
26% Jan
....
7*3 Jan.
....
50 Jan.
135 Jan.
110*4 Jan.
.. .
3 l 78 Jan.
54% Jan.
48 Jan.
94*3 Jan.
....
....
.... .
60 Jan.
19 Jan.
....
7** Jan.
6*8 Jan.
3*4 Jan
....
179 Jan.
2*4 Jan.
6*4 Jan.
42 Jan.
116 Jan,
NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS J A N U A R Y 2 8 .
Bid.
SECURITIES.
1906
.1906
.1906
1920
108
108
10Ò
100
1914
New consols. 4s__________ .1914 102
Ask.
SECURITIES.
Bid.
SECURITIES.
Ask.
Bid.
Ask.
87
90
1894-1895
.......... J & J
Do
New series.. „1914
Compromise, 3-4-5-68....... „1 912
New’settlement 3s............ „1 9 1 3
Redemption 4s.................. „1 9 0 7
„1913
Penitentiary 4*ss... . . . . . . . „1 9 1 3
Virginia funded debt. 2-3s.. ..1991
6», deferred t’ st reo’ts, stamped.
Funding act........
........ 1900
New bonds, J& J........ 1892-1898
Chatham RR________
Sneeial tax. Class I ____ . _
..........1910 105
fis__________________ ___ 1919 125
South Carolina—4*»s. 20-40..1933 103
6s. noD-fnnd.......... ..
........
70% 71
Reports o f Non-Member Banks.—The Clearing-House now
New York City Clearing House Banks.—Statement of con
dition for the week ending January 22, based on averages of also publishes returns for non-member banks. Statement o f
averages for week ending Jan. 22. 1897, is as follows; ,_____ '
daily results. W e omit two ciphers (0 0 ) in all cases.
B an ks.
(00s om itted.)
Capital Surpl’8 Loans.
Bank o f N ew Y ork .. $ 2 , 000,0
Manhattan C o........... 2.050.0
M erchants’ ............... 2 , 000,0
M echanics’ ................ 2 , 000,0
A m e r ic a ................... • 1.500.0
P l i e n i x ...................... 1,000,0
1,000,0
C it y .
.................
750.0
Tradesm en’ s .............
300.0
C h em ical...................
600.0
M erchants’ E x ch ’ ge
C alls tin ...................... 1, 000,0
300.0
B utchers’ * D rov’ rs’
400.0
M echanics’ * Trad’s’
200.0
G ieen w i. h ...............
■Leather M annf ac’rs'
600,0
300.0
S e v e n th ......................
State of N ew Y o r k .. 1.200.0
A m erican E xch an ge 5.000.
C o m m erce ................. 5.000.
B roa d w a y.................. 1. 000 .
M e rca n tile................ 1, 000,0
P a c ifio .......................
422,7
R e p u b lic ................... 1.500.0
C hatham ....................
450.0
P eop le’s . - .. —
200.0
N o ' th A m erica....... .,
700.0
H a n o v e r ..... . .......... 1 000,0
I r v i n g ......................
500.0
600.0
C itiz e n s '....................
N a s s a u ......................
500.0
M arket & F n lto n ...
900.0
Shoe * Leather....... 1,000,0
Corn E xi-hange....... 1, 000,0
C ontinental............... 1,000,0
300.0
Oriental ...................
Im porters’ * Trad’rs 1.500.0
P a ik
: ...................... 2,000,0
E ast R iv er
.......
250.0
F o u r th ........................ 3.200.0
C e n tra l..................... - 1 , 000,0
S e c o n d ...................... .
300.0
N in t h . . . . . . ..............
750.0
F i r s t ..........................
500.0
N . Y. N at’l E x oh ’g e.
300.0
B o w e ry ..___________
250.0
N e w Y.»rk C ou n ty ..
200.0
Germ an A m erican ..
750.0
Chase....... ....... ........... 1,000,0
Fifth, A ven u e,.*.......
100.0
German E x ch a n g e..
200,0
G erm ania....... ........
200,0
L in c o ln ,.......... .........
30Q.0
Garfield .................... . 200,0
F ifth ......../....-.,...
200,0
B ank o f the M etrop.
300.0
W est S id e ...'..........
200.0
Seaboard.................
500.0
S i x t h .. ... ..................
200.0
W e s t e r n .....¿ i .... 2.100.0
F irst N at. B ’k ly n ...
300.0
N at. u n ion B a n k ... 1, 200,0
L ib e r t y . . . . . . . . . . . . . .
600.0
N . Y . Prod. E xoh ’g e . 1, 000,0
B k.of N . Amsterdam
260,0
,
Total
Specie.] Legats. Deposits.
,900,6 $13,940,0 $2, 320.0 $1,710, 0 $14,360,0
,100,81 15,H ' M i 631.0 2,772, 0 17,637,0
,ut)0,9i 12,
1620.0 1,002 , 14,018,1
8.603.0
,087,6 9
,487,«! 1,073,
23,038,5
,697,2 18
,343,6 4,370,
4.062.0
730,
348.0
246.6
,806,4 13,371, 101,887.7
,745,8
424,
2.808.5
120,8
829.7
27,785,0
5,302,
, 010,0
,454,7
6,907,8
047,
180.9
937,5
1,431,
6.282.3
676.4
663.9
1.368.3
231,
169.3
220 8
2.358.0
307,
288.0
228,5
909,4
28i,
163.4
116,7i
3.389.3
707,
502.1
489.8
2.271.5
338,
321.0
90,5
430,
2.629.6
219.2
495.7
,905,0 3,099,,0 20,120,0
,480,8
0
2,655, Si 18,673,3
,331,5
,559,0
0
0,125,4
001 ,
,634,2
,082,3
0
10,404,4
,030,0
,007,5; 1,839,
.36o,5
2.900.2
681,
465.4
360,l!
317.4
17.369.7
1,294,
,523.9
858.2
993,9
6.339.0
735,9
137.0
1.115,
988.0
2.518.4
561,
,698,4'
187.1
250.8
11.797.0
1,347.
554.4
199,8 ,625.3
32.712.0
,487,2 3,812,
,196,0
510.1
3.140.0
299.5
573.
359.0
053.0
3.101.5
229.
476,5.
407.0
788.2
3.111.8
165.2
586.
264.3
,441,9
6.733.0
795,
703,6'
, 021,1
,502,3
4.216.6
577,
159.5
537.6
800,7
,314,0
,198,0 .534,91 1 ,120 , 10.404.8
6.409.5
874.0
850,
204.1
,392,8
1.882.0
467,
175.0
406.3
,782,7
26.745.0
3,075,
,820,0 , 629,0
,715,1
44.859.0
5.191,
,265,7
,032,8 ,701,8
1.300.2
176,0.
206
145.4
,259.4
27.878.2
.342,8
3.303Ì
,212,7
,056,7
13.429.0
,059,0 2,919;
,167,0
619.1
6.693.0
689.9
961.0
824
, 688,0
4.281.6
945,
282.4
561.3
,393.4
28.161.3
3,648
,012,9
,165.2 ,852,4
1.385.3
267
63,4
1»7,1
,363,9
3.877.0
918
426.0
618.8
,944,0
3.691.2
326
434.2
665.8
,931,9
2.740.1
469
28\7
282.6
,819,8
31.691.8
3,934
,037,3
.843,1 ,079.2
9,806.5
795
,113,8
,403,4 ,746,0
3.344.3
691
570.7
262.3
,421.2
675
4.542.0
711.4
565,8
,401,3
6.328.7
722
993.1
,761,8
646.1
6.562.7
827
810.3
,097.2 ,071,0
2.187.9
245
312, l
378.3
,833,7
6.548.4
1,084,
816.8
,841,8 ,048,6
2.459.0
442
341.1
237.0
,258,0
10.837.0
1,322
324.8
,622.0
1.688.0
1.670.0
343.6
,798.0
207.0
956
28.783.8
587.8
1.651.4 1,944.6 5,304,
5.737.0
1 385
957.5
588.0
,074.0
12.702.1
786,0
.523.6 1,448.0 1,033
3.054.3
290.8
345.0
421
.930,4
3.413.4
314.6
269
566.3
,911,5
2.916.4
347
277,5
504,5
,573,1
............ 59.022.7 74,271.2 623.470.1 1106470
99.245,8 714.472,8
BANKS.
(00s om itted.)
Capi
tal.
N e w Y o r k Ci t y .
$
Astor P la ce............ 250,0
300 0
100,0
C olu m bia................ 300,0
E leventh W a r d .... 100,0
F ourteenth Street. 100,0
F ranklin National. 200,0
200,0
200,0
500,0
100,0
200,0
250,0
200,0
100,0
100,0
100,0
200,0
100,0
T w elfth W a rd ....... 200,0
100.0
200,0
Y o r k v ille ..... .......... 100,0
Brooklyn.
150,0
B road w ay............... 100,0
300.0
100.0
100.0
200,0
150,0
252,0
500,0
100,0
300,0
N ational C ity......... 300,0
100,0
People’s................... 100,0
100,0
100,0
100,0
200,0
100,0
100,0
W a lla b ou t......... .. 100,0
O t h e r Cit ie s .
1st Nat., Jer. C ity . 400,0
250,0
2d N at., Jer. C ity .. 250,0
3d N a t , Jer. C it y .. 200,0
110,0
126.0
25,0
1st Nat.,Staten I si. 100,0
Deposi t. with
Legal
Tena’r Ottur Other Net
Loans&
& B’k ino Bks. & De
Sur Inv. st
plus. ilients. Specie. Rotes. Munse Trust posits.
ALuent. Co’s.
$
355,6
29,4
48,6
185,8
112,6
44,1
31,2
24,3
94,5
144,6
81,8
186,8
82.0
94,7
22,3
105,7
94,3
27,8
65,0
148,7
42,8
269,9
114,5
$
$
$
$
$
„ $
31,8 3 3 ',3 160,6 2,809,0
2,481,9 15 9,9
49,0
37,9
672,1
27,7
882,9
b3,4
«1,1
61».8
0,5
714,2
97,0 168,1
84,8 1 973,0
1.870,8 125,5
71,3 2»3 ,6
59,9
. . . . 1,326,5
99 7,5
«9,0 133,0
. . . . 1,001,1
795,7
17,1
20,0
8031
52(),0
90,0
490,0
34,5
10,0 42,5
2*0
721,8
488,8
. . . . 1,814,0
44,9 116,7
51,8
1,219.1
43.»
»2.0
1,9105 20»,4
1,359,0
52,5
38,2
26,0
400,9
86,0
542,6
72,0 191,0
1,048*0
37,0
. . . . 1,087,0
84.9
77,0
45,0
50,0 1,497.5
1,315,8
901,4
17,3 115,0 13tt.»
812,0
1,1
015,6
41,9 127,4 120,0
74,3
922,0
8 3,8 207,6
1,082,2
8,3
1,232,9
40,»
___
8L3
7.1
605,0
666,6
52,8
16,4
64,8
4
438,5
303,6
l,5 o2 ,0
28.0
78,0 115,0 1,680,0
54,0
26,9 106,0 162,0
17.9 1,390,0
1,095,1
87,4
02,8
675,9
26,7
78,4
836,3
1,932,6
7o,5 2 u4,4 294,4
. . . . 2,382,2
09.» 158,0
80,1
. . . . 1,258,2
1,158,5
110,3
115,7
165,3
31,0
51,2
180,9
78,9
398,0
420,9
189,2
581,6
574,4
108,1
106,0
117,6
58,8
66,2
220,5
51,2
48,1
31,5
44.7
34,4
969,4
1,310,2
35,1 223,5
75,1
66,7
1,186.5
9,8
10,7
278,1
18.1
19,6
480,8
41,1
59,2
851.6
27,0
35,8
077,4
2,2 U, 4 248,3 322,0
2,056,0 103,0 137,0
49.7
40,4
932,9
3,812,0 312,0 234,0
2.412,0 126,0 499,0
11,2
63,5
706,7
25.6
89.2
782,6
1,766.5
82,7 110,0
13,3
41,5
449,4
37,2
9,4
407,9
14,0
92/7
1,044,8
18,8
7,9
406,8
18,1
297,4
9,1
13,2
38,4
488,1
730,9
507,4
393.1
165,5
409,**
82,7
42.6
71,6
3,559,7 135,4 192,8 483,2
49,8 236,6
2,022,9
«1,5
71.9
60,7 574,4
1,411,9
77,3 257,1
29,0
699,0
26,5 102,4
1,512,4 103,6
34,5
53,5
42,1
681,4
19,1
98,7
15,3
463,0
66,6
26,7
589,8
20,5
_
103,7
85,0 1,079,1
.... 1,525,4
93.4
25,9 1,280,0
233,7
LO
30,5
218,5
7,2
48,8
422,9
....
131,9
765,3
....
72,0
638,9
556.5
. . . . 2,958,9
2,598,4
159,7
24,9
83,0
927,2
501,0
6f.O 4,118,0
363,0 119,0 3,081,0
117,0 539,9 1,135,9
11,9
770,0
47,3
452,3 105,2 2,312,7
459.9
104,7
4,5
403,4
111.0
166,0
45,5
965,0
30,9
370.1
1,4
39*1
5,3
229,7
46,3
2,5
464,6
_
513,1 3,998,0
313,2 2,050,8
1,511,8
992,5
17Ó.*Ì
336,3 1.620.3
157,9
796,1
8
558,6
550,0
4.173,7 8,438,7 3.142,1 03^ 68,8
T otals Jan. 2 2 ... Ç,212,0 8jS 2,7 39.998-4
T otals Jan. 1 5 ... Q,212,0 8^ 22,7 6 1 ,909,7
4,485.4 8^ 78,4 2.949.0 t>7,U5A
T otals Jan. 8 ... Q,212,0 8^ 22.7 6rK3J2i3 3,400,7 4,44^.t 9,912»? 2 .740.1 08.K13.8
I®” F o r prices o f b ank sto c k s (fo rm erly given o n t lit s n a g e ' a n d
su m m a rie s o f the w e e k ly r e tu rn s of the banda l a N ew Y o r k C ity«
P h ilad e lp h ia and B o sto n , see th e th ird payé p reced in g.
226
THE CHRONICLE,
[VOL, LXVI,
BOSTON, PHILADELPHIA. AND BALTIMORE STOCK EXCHANGES.
Active Btocks.
1TIndicates unlisted.
»rtce a — s o
Saturday,
Jan. 22
Monday,
Jan. 21.
Atoll. T. A 8. P c.(Boston). 100 12ia 12% 12 %
Baltimore & Ohio (Balt.).100 * 1 2 % ........... * 12 % 13%
*68%
Balt. City Pass’ger “
25 *69 ___
Baltimore Cor sol. “
25 2338 233s 23% 23%
23% 23%
Baltimore Cod sol. IT(Phil.). 25
Boston & Albany (Boston). 100 222 222 %! 222 222
225
2?4
225
225
Boston A Lowell
“
100
167% 169
Boston A Maine.
“
100 169 170
lo
9V
*9
91«
Central o f Mass..
“
100
*54
P re ferred ......
“
100 *54
9
a%
98%
99
«
97
Ghlo.Bur. A Qnin.
"
100
94% 93
94%
Chl0.M11.dr Ht,. T>. (Phil.).IOC P4
107*
10%
l«>%
10
hoe.Okla AGulf
“
50
30%
3*1% 30
Preferred.........
“
59 30
Fitch ourg pref.. (Boston) .100 99% 99% 90% 99%
93% 24
LehlgnValley.. (Phila.). 50 13% 25
Metropol’n Str’tlf
“
100 143% 143% 143% 145
5%
5%
Mexican Cent’ l ( Boston). 100
New England.. . .
“
10<
90
91
87
' Preferred . . . . . .
“
100 87
78
78
78
Northern Central (B a l.). 50 78
Northern Pacific (Phila.) 100 26% 267g 25% 26%
62% 63 %
Preferred
•*
100 *t3% 64
Old Colony. ....(B oston),10( *18H 190 *190 190%
Pennsylvania. . . 0Phila.) . 50 57% 57% 57% 57%
80%
Philadelph. Trao.
**
50 8« % 8«>% BO
Beading Co.........
“
50 10%, lf!3 , 109.« 1013,,
30%
31%
31%
3
i
%
Union Pacific! .(Boston).IOC
14%
UnionTraotion..fPAWa.1- 50 14% 14% 14
m is c e lla n e o u s S t o c k s .
Am.Sng’r Refin.il (Boston).... 136% 137% 135% 137%
11^% 114%
113% 114
Preferred....... .
**
Bell Telephone..
“
100 269 269 w 268% 969 >*
Bost. A Montana.
“
2? 151% 151% 150% lh l*.
Batts & Boston.j
“
25 28% ‘ 5% 24% 25%
499 500
Calumet A Heola
“
25 499 499
*70
80
Canton Co . . . . . . . (Balt.). 100
bi % 56% 57
Consolidated Gas
*•
100 57
22%
22%
22%
22
Dominion Coal.(Boston). 100
26% 26%
Eleo.Stor. Bat’yil (Pnua.t. 100
Preferred if
“
100
Vo" 71
fin e Teleph one. (Boston) .100 7 Ï” 71
35% 34% 34%
General Electric.
“
100 *35
90
90
92
Preferred. . . . . .
100 *89
49% 50
5
>
50
Illinois S teel. . . .
“
100
22
22
22
Lam son 8tore8er
“
50 22
41% 42
42
Lehl’h Coal A Nav. ( Phila.) 50 42
N. E.Telephone (Boston).IOC *159% 130% 130 130%
22
20%
2<%
2 %
Fa.Heat.L.APow (P h ila.).....
103 106
Unit’d Gas Imp. H “
50 104 106
39
39
40
40
Welsbaeh Light it
“
f
*1%
1%
1%
1%
West End Land ..(B oston)...
* Bid and asked prices: no sale was m ade
Inactive S to ck «.
Bid.
Asa
Tuesday,
Jan. 25
Thursday,
Jan. 27.
Friday,
Jan. 28
Sales
o f the
Week,
Shares
Bange of sales in 1898
Lowest.
Highest
24 13% Jan.
11 13% Jan.
4 6 • Jan.
17 23% Jan.
8 23% Jan.
3 22
Jan.
4 225 Jan.
3 17i% Jan.
It
9% Jan.
3 56 Jan.
24 102 Jan.
4 97% Jan.
4 11% Jan.
4 3i% Jan.
3 1 0 0 Jan.
22 26% Jan.
3 14 % Jan.
2 i i 6% Jan.
7
6
21
24
28
28
22
7
10
28>
12
12:
28
27
6*
3
24
12
89% 89%I
78*« 7-*5
26
27
63% 64%
189 189
57% 57%
80*4 «*’ %
10% 10 3,
3 % 32
14% 14%
2,017 12% Jan,
13% 13%
12% Jan.
*13
14
10 66 Jan.
*69
70
1,892 23 Jan,
"23% 23% 23% 23%
1,41- 23 Jan,
23% 23% 21
23**
151 219% Jan.
224 224
*223
7* 219 Jan.
>224 225 *223 224
147 167% Jan.
168 168
168 168%
35
9 Jan.
*9
10
*9% IO
45 54 Jan.
56
56
*55% 57
99% 100% 28.19« 97 Jan.
98% 99% 9e»7« 1 0 0 %
7,900 93 Jan.
95% 96%
94% 95% 95% s-6
7,1
9 « Jan.
11 %
10% 1"% 10% U% 11
6,066 27% Jan.
31%
31
*
31%
30% 31% 31%
211 98% .Tan.
99%
99% 99% 99% 99% 99
2,62
23% Jan.
24% 25
24
24% 24% 25
1,029 130% Jan.
14>% 145% 144% 145% 146 *s 146%
53
*5% 6
6
% Jan.
6
6
6
30
*25
80 Jan.
89
*85
r ....... 90
90 " '9 0
8(' 76 % Jan.
78
*78 ........ *77
*78
17,774 20 %Jan.
267* 27% 26% 27% 27% 28
9,36* 58 % Jan.
6 33^ 66% 67%
6s% 65 *4 65
5 187 Jan.
190 ........ '192 191
190 192
6.99
57% Jan.
58
58
58% 58% *8%
58
8.610 78% Jan.
80% 81% 81% 81% 81% 81%
17,630
11
115
6
10«
J an.
11316
n
%
1 U 16 117k
33% 33% 33% 33% 34W 21,487 25% Jan.
32
15% 16% 60, 98 12% Jan.
1478 15% 15% 16
10 91 Jan.
14 ^8 %Jan.
4 28 Jan.
5 67% Jam
13 192 Jan.
4 5 % Jan.
3 1 817®Jan.
24 11% Jan.
4, 3 1% Jan.
3 16 « Jan.
28
28
26
13
24
&
28
23
136% 137%
113% 114
267%268
151%152
2 .% Vft
499% 5G0
137%138
114 114%
267% 268
152% 153
25% 25%
498 500
12% 12%
_m
*12 m
70
*69
23% 23%
222~
225
168
9%
54
97%
93%
10%
30%
99%
23%
145
5%
2225
225
168
9%
54
98
94 Vt
lo%
30%
91%
24
145%
5%
Jan. 26
1 2 % 12 %
* 12 % ...........
69
69
23% 23%
23% 23%
222 223
224 224
168 168
54% 55% *54% 55
22
22% 22% 23%
26% 26%
708. ‘ 70% 70%
36
35% 36
90
*88
92
50
51%
50
2^%
22% 22
42
42
130 130
21% 21%
'2 '% 22”
105 % 101
104 106
39
39
39
34
1%
1%
$ 1st. Instai.
70"
*3 %
■89
49%
*22
Bonds.
13
13%
* 12 %
►
TO
136% 139 V, 22,7*0 135% Jan. 17 14t78 Jan.
28 112 Jan. 17 116% Jan.
114% 114%
451 262 Jan. 4 2 ¿s Jan.
287 2 '7 %
9,249 149% Jan. 4 158 Jan.
157% 158
«>6 ' 25 26 14,29« 23-4 Jan . li> 26 Jan.
95 4 8 9 J an . 3 500 Jan.
499% 499% 500 5«0
75
*70
*68
52% Jam 1«. & % Jan.
54%
2,90
53% 54% 54
5,520. 2 1% Jan. 20 24 Jam
22% 22% 22% 23
825
26 Jan. 4 29% Jan.
26%
26%
26%
26%
30 28 *« Jam 2i 3 i J am
29% 29*9
70
Jan. 21 72% J till*
28
71%
71%
72
71%
2,151 34% Jam i 5 37% Jam
3i% 37
36% 37
89
89
89
8 1 84 Jam 3 90 Jam
89
3,158 48 Jan. 3 54 Jan.
53
54
52
53
22>4 Jam
182 20% Jam i
23
*22
22% *23
234 41 Jam 2*- 43% Jam
41%
42
41
42
3
13
%Jam
80
127
«
J
üii.
130% 130% 131% 131%
21% 2 i % 21% 21% 19,419 18% Jam 3 24 i- Jan.
11
101
v J an.
Jam
45,428 9
108% 109* 107 1« 9
52
38 Jan. 17 42 Jam
38% 38%
38*« 39
1%
Jam
1
13«
200
1 Jan. 13
*1%
1%
12d instai, paid i 1 Trust ree.,all instai, paid
paid.
138%
114%
267
153%
25%
Bid.
139
114%
263
157
Ask.
Bonds.
74 Pa.A N\ Y. Can..con. 5s.l939, AAO
Boston United Gas, 2d m. 5s..1939 § 72
Burl. A Mo. River E xeu nt 6s, JAJ i l 19 11 »% People’s Irao. trust oene. 4 »..i»*a
100
Perklomen, 1st ser.,5s.l918, Q—J
Non-exempt 6 s .......1 9 1 8 , JAJ f 107 108
270 272
Phila. A Erie gen. M. 5g.,l 920, AAO
97
6178 Plain 4s....................... 1910, JAJ § 95
61
Gen. mort.. 4 e .......1 9 2 0 , AAO
Ohio. Bnrl. A Nor. 1st 5,1926, AAO §107 107%
2d mort. 6 s . .. . . . .....1 9 1 8 , JAD flO l 101%| PWla A Read. 2d, 5 s ...1933, AAO
53
Consol, mort. 7s........1911, JAD
OWo. Bnrl. A Quincy 4s ,1922,FAA § 99 ICO
24
21
Onusol. mor+ 6 g ___ 1011 .TAT
15
Iowa Division 4 s ..... 1919, AAO §102
12
Ext. mp. M. 4s, g., 1947..AAO
70
22
Chio.AW.Mioh. gen. 5s, 1921, JAD \ 67
21
Con. M .of 1»82, 4S....1937, JAJ
70
Con«ol. of Vermont, 58.1913, JAJ § 65
153 155
Terminal 5s, g ......l9 4 1 , Q.—F.
80
Current River. 1st, 5s..1927, AAO ( 70
260 265
76% PW1. Wilm. A Balt., 4S.1917, AAO
4«% Det.Gr.Rap.A W .,lst 4s,1946. AAO § 76
46
13
Eastern 1st mort 6 g.l906,M A 8.. §121 121% Pitts. C. A St. L., 7s___1900, FAA
12
Reading Co. gen. 4 s .....1 99 7 , JAJ
Free.Elk. AM.V.,1st,68.1933, end. §136
42
£9
26%
Unstamped, 1st, 6s, 1 9 3 3 ........ §136 . . . . . . Booh ester Railway, eon. 5s ..1930
26
8ohnyl.R.E.Side,lst 5 g.1935, JAD
80
83
K.C. C. A Spring., 1st,5 g „1925,A AO f 70
82
K 0. F.S.AM . con.6s, 1928. MAN >102% 103 Union Terminal 1 s t5 s .......F A A
51
49
77
K.O. Mem. A Blr.Ast,2s,1927, MAS * 76
40
§121JAJ121% Atlanta*AChari s? 7 s f i 907, JAJ
K.
O. St. Jo. A O. B., 7s..1907,
65
62
Baltimore Belt, 1st, 5s.1990, MAN
95
§ 93
L.
R ookAFt 8^ 1st,7 s..1905,JAJ
Balt. C. Pass. 1st 5 s ....1911, MAN
44% Louis.,Ev. ASt.L. ,1 st,6g.1926,A AO §100 103
" «
Balt. Traction, 1st 5s..1929, MAN
87
2m., 5—6 g................ 1936, AAO S 85
15
10
Extern A Impt. 6 s ....1901, MAS
§110
111
Mar. H. A Out., 6s....... 1925, AAO
50
40
No. Balt. Div., 5s.......1942, JAD
68
Mexican Central, 4 g ...l9 1 1, JAJ § 67
53
Baltimore
A Ohio 4 g., 1935, AAO
17%
16
1st consoLincomes, 8 g, non-cum,
127 129
Pitts. A Conn., 5 g ....l9 2 5 , FAA
6
6%
2d consol. Incomes. 3s, non-oum
57%
Staten
Island,
2d, 5 g.1926, JAJ
54 ..... N. Y. A N.Eng,, 1st, 78,1905, JAJ' §119 119%
Receivers’ certificates, 6s..JAD
91 ........ 1 1st mort. 6 s ...........1 9 0 5 , JAJ §113 113%
99 ; Do. Maryland Construe., 5 s ......
24% Ogden. AL.C.,Con.6 b. . . 1920,AAO § 97
24
Do. Plttsb. A Connells., 5s..JA J
15
Ino. 6 b. . . . . . . . . . . . . . . . . . . . . . . 1920 1
Do. Main L in e 5 s . .. . . . . . . . . .. . . .
‘ 2138 ....... Bn tland, 1st,6s............ 1902,MAN ‘ Ì06 106%
Bai.AOhio
S. W.,lst.4%g. 1990, JAJ
luO
§
99
84
2d,
5s..........................
1898,FAA
83%
OapeF. AY ad. .Ser. A .,6g.l916, JAD
-103% 104
110
Cent.
OWo,
4% g ........ ..1930, MAS
MAN
255
Cent. Pass., 1st 5 s .....1932, MAN
Buffalo Ry. con. 1st, 5s.......... 1931
51
City
A
Sub.,
1st 5s.........1922, JAD
108%
4 1Catawlssa, M., 7 s ......1 9 0 0 , FAA
3%
n o Chari. Col. AAng.ext.5s.1910, JAJ
3% ;Oboe. Okla. A Golf, prior lien 6s..
3
91
General 5s..................1919, JAJ
5
6 Citizens’
77
St.Ry.of lnd.,oon.5s.l933 76
118 120
Colnmb. St. R y„ 1st, eon. 5s.-1932
Georgia Pao., 1st 5-6s...1922, JAJ
1 Columb. O. Crosstown, lst,5s.l933
\
478 5
Consol. Tract, of N. J., 1st,5s. 1933 '99% .....
124%
27% 28
6s..................... ............ 1904, JAJ
109
2
1%
Series A, 5 b. . . . . „ .... 1926, JAJ
82% 82%
4%
4
4%S.........................1 9 2 5 , AAC
120
9% i
9%
115%
1 ll
105
12% 13 1
104
%
%
79
79% usuila aim,, idi CB...19UU. uiar
19%
19
2d Series, 6 s ... . . . . . . . . 1911 MAP
114
8%
9 I
3d Series, 6s.. . . . . . . . . 1916, MAP
HR. 4s, g., 1914................... Q—F 108
142% 144
4th
Series, 3-4-5s......1921, MAP
41% 41%' Generai mon.. 4**e, g .1024, u —F
5th Series, 5s.............1926, MAP
96
178 179
103
15
M
2d 7s.............................1910, MAS 133
.25
M ISCELLAN EO US.
Consol. 6...................... 1923, JAD 117
110 111
lew ark Passenger, con. 5s...1930 110 iiö % Baltimore Water 5 s ... 1916, MAf
143 144
Ponding 5 s . . . _ . . . . .1916, MAT
forth Penn. 1st, 4S....1936. MdtN 112
% 1
Exchange 3% s.. . . . . . . 1930, JA.
Gen. M. 7s..... ..............1903, JAJ 116%
24 1 25
«Irglnia (Stace) 3s,new. 1932, JA.
54
54% ’ennsylvanla gen .6s, r.. 1910, Var 131 1132
Funded debt, 2 -3 s ..... 1991, JA.
119
117
Consol.
6s,
o
.
.
.
.
..
.
1
9
0
5
,
Var
Bond*-Bottoni.
ihesapeaxeGas- 6 s . .1900, JA >
Consol. 5s,r. ..........1 9 1 9 , Var 125
At. Ton. A B. F. general g. 4s, 1995 §90% 90%
oneol.G
as.fi»..— .
1910, TA
(V\11»t.
7
>
4
%
t
p
,TAT>
109
60%
Adjustment g. 4s, 1 9 9 5 ............. §60 1
90 1 ] ’a. A N. Y.Canal, "s.,.1906, JAD
Boston ~ T»i»«d o 9, i b* 5» _____ §89
Prices o f January 28.
Atlanta A Charlotte ¡.Bait.). 100
B o^ on a Providence (Boston).
Boston E levated,..,,
“
100
Oau>wlHSu...................(Phila.). 50
1st preferred. . . . . . .
“
50
Central Ohio__ . . . . . (Balt.) 50
Uh,'*»srn hr West Mich t
100
Citiz’ns St. K y.oflnd.il( Phila.) IOC
Connecticui <s Pass..iBosi&nj- 100
Connecticut F iv e r....
“
100
Consol. Tract, of N.J.il (Phila.).IOC
Flint A Pere Marq...(Boston).100
Preferred. . . . . . . . . .
“
100
Georgia Son A F la .. (Balt.) .100
1st preferred.. . . . . .
**
lo r
2d preferred ...,. ..
“
100
Hestonville rasseng. (Phila.). 50
Preferred iT.. . . . . . . .
“
50
Hunt. A Broad T op ...
“
50
Preferred....................
“
50
Kan. C’yFt.8. A Mem.(Boston).100
Preferred . . . . . . . . . .
“
100
Little Sohnvlkill.. . . . . (Phila.). 50
Maine C en tra l...... (Boston) 100
Mine Hill A S.Haven,(Phila.). 50
Nesqneboning V a l. .
“
50
North Pennsylvania.
**
50
Or.Sh. Line all asst.pd (Boston) .100
Pennsylvania A N. W. (Phila. ). 50
Phlladel. A E rie ......
*
50
West E n d ...___ ......(B o sto n ). 50
Preferred............
“
50
United Cos. o f V. J .. (Phila,). 100
West JerseyA Sea 8h.
“
60
Western N. Y. A Penn
“
100
Wisconsin C entral...(Boston). 100
Preferred. . . . . . . . . .
“
100
Woro’st.N ash. ABooh.
"
100
MISCELLANEOUS,
Allonez Min’g, asstpd^Bos/on). 25
Amer. By. El. Light.. (Phila.)
Atlantic Mining........ (Boston). 25
50
Bay State Gas IT
10
Boston L a n d .........
25
Centennial M ining...
“
25
Fort Wayne Elect.iT..
**
25
Franklin Mining.. . . .
“
5
Frenohm’n’s Bay L’d.
“
25
Kearsarge M ining....
“
Marsden G o . . . .. . . . . . (Phila.)
Mergenthaler Linot..fBoston). 100
Osceola Mining........
“
25
Pullman Palace Car.
“
100
Pennsylvania Steel.. (Phila.). 100
Preferred ii.. . . . . . . .
“
100
Quincy Mining..^ ...(B oston ). 25
Tamarack M ining,...
“
25
v ater Power.................
“
100
Wcstingh. Elec. A M ..
“
50
Pref., onmulative.
**
50
' Price in eludes overdue coupons.
Uaiiaued. '
§ A id .e c r j.e l luuerest.
Bid
24
7
6
^4*
24
6
7
193
10
10
5
8
18
28
26
7
28
20
27.
4
Asa
107
102
102
119
1<*7
128
132%
123%
103% 104
120
110%
84
96
107
121
84%,
120% 120%
83
115
115
106%
l l 6 117
102
50
lo i
99
i ’02% 102%
98
73 .........
114
115
-mmmm
108 109
116% 1167»
1«>3** 101%
93% 93%
119 119%
^ ¿ % 102% .
106
111 .......
118
109
100 ......
102 102%
91%
111
m
m
m
m
m
117
115
98 ......
105%
-mm
109% n o
118 . . . . .
122
**"""•
106**
80% 80
70% 70%.
105
118
108
.....
THE CHRONICLE.
J a n u a r y 29, 1898. J
227
NRVf YORK STOCK EX.0 R1 NGR PRIORS (Coatlaael)— <4C?rZTfi BONOS JAN.
R a il r o a d a n d
Mis c e l l a n e o u s B o n d s.
Closing Range (sales) in 1893-
InV et 1
Period Tan. 28.1
Lowest.
Am or. Cotton O il, deb., 8 g . 1900 Q - F 108 %b. 108 Jan. 109 Jan.
Am er. S p irit Mfg., 1st 6 g .l 9 l 5 M A S 75 b. 74 Jan. 75 Jan.
83%
83% Jan.
82 Jan.
A n a Arbor.—1st, 4b, g ....... 1995 Q -J
92
A 0
89% Jan, 92% Jan.
A t. T. A S .F .—New gen. 4 b .L 99 d ANov.
60
60%
Jaa.
57%
Jan.
A ti) astment 4 s .« s 5Bv«v.J 9 yg J A D 122% L22 Jan. 122% Jan.
B ’ wayA7thAv.-lst.ooa.g.5s’ 43
A O 86%
B ro o klyn Elev. 1st, 6 g . . . . l 9 f* A
Union Elevated;—6 g .. . . 1937 M A N 86%
A
B kLya Rap. Trans., 5 g . . . . l 94 o A 0 95%
B k ly n . U n.G-as1lst,oon. 5 g. 1945 J A J 114
B ’klynW arf A W. H —1st, 5 s, g. 15 P A A 100%
Bad. R. A P.—Gen. g. 58.1937 M A S 104 %b.
Canada Southern.—1 st, 5s ,1908 J A J 110%
2 d, 5s.................................. 191? M A S 109
Cent, of G a.— 1st, g., 53. . . 194 o P A A 91%
Cons., 5 s, g ..................... 1945 M A N
Central of N. J . —0 >ns.,7 s,1899 Q - J „104%b.
OonsoL, 7 s
1902 M A N 113 b.
P General mortgage, 5 g ... 1987 J A J 113
£ L e h .A W.B.,oon.,7 a,a 9’d . l 900 Q -M 101%
**
mortgage 5s . l 912 M A N „ 92%a.
Am . Dock A Im p., 5 s ....1921 J A J 115%a.
R a il r o a d a n d
MISCELLANEOUS BONDS.
| Highest.
83 Jan. 84% Jan.
83 Jan. \86% Jan.
94 Jan. 95% Jan.
L12% Jan. 114 Jan.
98% Jan. 100% j au.
L0l% Jan. L04%Jan.
L09% Jan. Lll Jan.
L08% Jan. L09 Jan.
LL3 *4 Jan. L19% Jan.
91 Jan. 92% Jan.
104% Jan. 104% Jan.
110 Jan. 113 Jan.
LOO Jan. L02% Jan.
90 Jan. 90 Jan.
L14% Jan. 115 Jan.
.................
AND FOR YEAR 1898,
Closing
InVst Price Range (talee) in 189 8.
Period Jan. 28. Lowest,
Highest,
J A J
95% Jan.
A A O 971«
Metro. B ley.- 1st, 6 g . ...1908 J A J 11844b. 118% Jan.
105
MAN
104%
Jan.
2d.6s..............................1899
P A A 115 %b. 11358 Jan.
123
MAN
114%
Jan.
i
Oonsoi., 5 s . . . . ...........1 9 0 2 MA N , 106 %b. 106% Jan.
MAN, 106 >4 106% Jan.
i
A A O 96 b. 94 Jan.
:
89% 85% Jan.
J
AD
i
63 Jan.
2d, as, g ....................
1990 P A A 67
97%
94 Jan.
Jlo. Pao.—1st,e o n .,6 g ..... 1920 M A N
10878
MAN
107%
Jan.
3d, 7s................................1906
Pao. of Mo.—1st, ex., 4g.l938 F A A lOS'sb. 104% Jan.
106
%b.
J
A
J
2d ext 5 s . . . . . . . ....... ..1938
St. L. A Ir. Mt.Ark. B.,5s.l935 J A D T07%b. 106% Jan.
1st ext., ft., 4%s..........1947 P A A 109%b. 109% Jan.
88 Jan.
Gen. R’y Aland gr.,5g.l931 A A O 90
JloblleAOhio—New6g ...1927 J A D 121%b. 121 Jan.
79%
77 Jan.
General mortgage, 4 s ... 1938 M A S
130% Jan.
1rash. Oh. A 8t.L.—1st, 7 s.. 1913 J A J 131
Oonsoi., 5 g ...................1 9 2 8 A A O 103% 103 Jan.
; i.Y . Central—Debtext.48.1905 M A N 10458b. 103% Jan.
let, coupon, 7 s ............. .1903 J A J 11658b. 116 Jan.
Deben.,5s, ooup., 1884..1904 M A S 111 % 110% Jan.
N. Y. A Harlem, 7s, reg..l900 M A N 109 %b. 109% Jan.
R. W. A Ogd., consols, 5s. 1922 A A O 122% 121% Jan.
West Shore, guar., 4 s ....2361 J A J 109% 109 Jan.
T. Y. Ohio. A ft. L.—4 g ...l9 3 7 A A O I0678b. 10658 Jan.
1. Y. Laok. A W.—1st, 6 s.. 1921 J A J 138 b. 138% Jan.
Construction, 5s........ ...1 92 3 P A A 120 a.
A A O 147 b. 145 Jan.
M A S 100 b. 97% Jan.
Oonsoi., 1st, 5s, g ........ ..1939 J A D 107% 107% Jan.
7.Y.SUS.A W.lstref.,5s, g.1937 J A J 106 %b. 103 Jan.
87 Jan.
Gen. 5 g ...........................1940 P A A 93%
Midland of N. J „ 6s, g. ..1910 A A O '120 b. 120 Jan.
A A O 805s
79 Jan.
J A J 117 b. 116 Jan.
Q
J
95 Jan.
96%
Prior lien, ry. A l.g. 4, g.1997
60% Jan.
63%
General lien 3 g . . .......2 0 4 7 Q - F
J A J 106
104 Jan.
J A J
82 b, 80 Jan.
>kioSouthern—1st, 6 g ...Ï9 2 1 J A D
General mortgage, 4 g ..!9 2 1 M A N * 14 b. 11 Jan.
J A D » 110% tl03%Jan.
A A O ‘ 58% 146% Jan.
J A J 115
112% Jan.
96
93% Jan.
RR. A Nay. oonsoL, 4 g.1946 J A D
)reg. Sh. Line -1 s t,o s ,g ..1922 F A A 126% 124 Jan.
96% Jan.
1st, con. 5s, g .............. ..1946 J A J 99%
66%
58 Jan.
Non-oumul. ino. A, 5 s ...1946 Sept.
Penn. CJo.--4%g, ooup. ....1 9 2 1 J A J 113 %b. 113 Jan.
eo. Deo. A fiyausy.—6 g.1920 J A J t99%b î99% Jan.
Evans. Division,6 g ...... 1920 M A S 99 b
2dmortage, 5 g . . . .......1 9 2 6 M A N
Pitts Sh. A L. K., 1st, 5 g.1940 A A O 108 b. 106% Jan.
77 Jan.
Pittsburg A Western—4 g . 1917 J A J 81%
83% Jan.
Reading Oo.—Gen., g. 4s .1997 J A J 84%
81% Jan.
RioGr. Western—1st 4 g ..1939 J A J 84%
J
A
J
70
Jan.
St. Jo. A Gr Isl.—2-3-48.. 1947
St. L. ASan Pr.—6g, 01. B.1906 M A N 115% 115 Jan.
117%
J
A
J
116%
Jan.
General mortgage, 6 g ..l9 3 1
103% Jan.
General, 5 g .. . . . . . . . .
1931 J A J 104
74 Jan.
Railroad, 4 g ...................1996 J A J 75
73%
72 Jan.
St. L. A So. W7—1st» 4s, g.1989 M A N
27% Jan.
2d, 4s, g., incom e........1 9 8 9 J A J 28%
121% Jan.
8t.P. M.AM.—Dak. fix. ,6 g . 1910 M A N 122
1st oonsoL,6 g . . .........1 9 3 3 J A J 127 b. 128 Jan.
M
reduoedto 4% g . . J A J 107%b. 106 Jan.
Montana extension,4 g.1937 J A D ' 9 6 %b, 93% Jan.
San.Ant.A A.P.—lst,4g.,gn.,43 J A J 61 %b. 59% Jan.
97
95 Jan.
So. Oar. A Ga.—1st, 5 g ...l9 1 9 M A N
So. Paoi do, Aria.—6 g ...1909-10 J A J 103 b. 100% Jan.
So. Paoido,OaL—6 g . . . 1905-12 A A O 110 b. 110 Jan.
96
92% Jan.
1st oonsoi., gold, 5 g . . . . . 1937 M A N
105% Jan.
So. Paoido, N. M.—6 g .......1911 J A J 107
92 Jan.
Southern—1st oons. g, 5s. 1994 J A J 92%
fi. Tenn.reorg. lien 4-5s. 1938 M A S 96 b. 96 Jan.
B.T. V. AG.—1st,7 g . . M1900 J A J 107 b. 106% Jan.
Con.5 g ....M •W - ....1 9 5 6 MAN 1105s 110% Jan.
Georgia Pao. lst'5-6s, g.,1922 J A J '118 b. 118% Jan.
Knoxv. A Ohio 1st6s,g.. 1925 J A J '116 b.
Rloh. ADanv.oon. 6s,g.,191o J A J
West.No.Oarlstoon.6s,gl914 J A J
Standard RopeAT.,lst.6g. 1946
Tenn. 0 I. A Ry—Ten. D.lst,6$
Birmingham Dly., 6 g ...l9 1 7
Texas A Paoido—1st, 5g..2 0 00
2 d ,inoome, 5 g
.
« 2000
Toledo A Ohio Oent. 6 g ..l9 3 5
ToL St.L. AEan.O.—6 g ...l9 1 6
Union Paoido—6 g . . . .« « ..1 8 9 3
Ext. sinking fund, 8 ...«1 8 9 9
Oollat. tr. 6s, g. notes... 1902
J A J
A A O *120 b. 120 Jan. 120% Jan.
Mortgage. 6 g ............1 9 1 1 A A O 120 b. 120% Jan. 120% Jan.
M A N 115% 114 Jan. 115% Jan.
M A 8 82%
83% Jan.
81% Jan.
J A J .104 b. 103% Jan. 105 Jan.
J A J 93 %b. 93% Jan. 9378 Jan.
J A J 115% 115% Jan. 115% Jan.
M A N 107 b. 106 Jan. 107% Jan.
Debenture, 5s...
M A S 110% 110 % Jan. 1L2 Jan.
P A A 100% 100% Jan. 101% Jan.
M A N . 99%
93% Jan. 100 J an.
M A 8 123 a. 122% Jan. 1.22% Jan.
J A D 115%b. 116% Jan. 116% Jan.
A A O 129 b. 129 Jan. 130 Jan.
M A N 106% 101% Jan. 107% Jan.
M A N 112% 112 Jan. 112% Jan.
J A J 106
105 Jan. 106% Jan.
J A J 85 b. 83 Jan. 85 Jan.
J A J 139%b. 138 Jan. 140% Jan.
J A J 118 b. 118% Jan. 119% Jan.
J A J 119 %b. 118% Jan. 120 Jan.
LJ A J 116% 115% Jan. 117 Jan.
;J A J
114% Jan. 11.4:^ Jaa.
J A J 114%b. 114% Jan. 114% Jan.
LJ A J *115 b. 114 Jan. 114% Jan.
J A J 105 b. 104% Jan. 105% Jan.
Gen. M., 4g., series A ...
J A D 122 %b.
MU. A Nor.—1st,con.,6e
Q - P 144%b. 144 Jan. 145 Jan.
2 J A D»►lid1« «. 116% Jan. 116% Jan.
) A A 0 117 b. 116% Jan. 117% Jan.
Sinking fund, 6 s .
} A A O I l l b. 111% Jan. 11L% Jan.
3 MA N *118 b. 117% Jan. 118 Jan.
J M A N *109%b. 110% Jan. 110% Jan.
3 P A A 106%b.
[ M A N 136 b. 136% Jan. 137 Jan.
) p A A 117%b.
fixten. A Imp., 5 g .....
7 J A J 131 b.
1 J A J 106
105% Jan. 106% Jan.
L M A 8 107 %b. 106% Jan. 107% Jan.
) J A D 140 a. 134% Jan. 138 Jan.
85%
83% Jan. 86 Jan.
Chie. Ter. Transfer.—4 g.
7 ........
3 A A 0 103 %b. 102% Jan. 102% Jan.
1 J A D ‘ 135 b. 135 Jan. 137 Jan.
lJ A J
) M A N * 94%b. 96% Jan. 97 Jan.
73 Jan. 76 Jan.
Peoria A Eastern, 4s.______ ) A A 0 73
121% Jan. 123% Jan.
CoL A 9th Ave. gn. 5s, g ..l9 9 33 M A 8 123
Col. H. Val. <teTc L—Oon.,5g.l931LM A 8 t 76 b. t74 Jan. 177% Jan.
1 J A D 52 b. 54 Jan. 54 Jan.
General, 6 g . . „ . . . . . . . . .
) M A N 109 b.
Deny. A Rio Gr.—1st, 7s, a
3 J A J 94%
89% Jan. 95% Jan.
1st consol., 4 g .. . . . . . . . .
7 A A O 105% 104 Jan. 105% Jan.
105 Jan. 105 Jan.
rJ a j
3 J A J 116 b. 115% Jan. 117 Jan.
90 Jan. 91% Jan.
5 J A J 90%
70 Jan. 7178 Jan.
3 J A J 71
j M A 8 *146 b. 146 Jan. 146% Jan,
3 A A O 138 b.
70*4 Jan. 75 Jan.
1 J A D 74%
94%
92 J an. 94% Jan.
Gal.H.A8an,An-M.AP.D.lst,5|» M A S
101%
100%
Jan. 10L% Jan.
Gen. JEieotrio,deb. 5 s,g ...l9 2 :2 J A D
80 Jan.
1 A A C * 80 a. 78% Jan.
3 M A 5 101% 10 L% Jan. 101% Jan.
105 Jan. 105 Jan.
1 P A A 105
9 M A 5 12l%b. 12L% Jan. 123% Jan.
89 Jan.
85 Jan.
9 M A £ 88%
99 Jan. 100 Jan.
8 J A D 100
79%
78% Jan. 80% Jan.
3A A 0
50 Jan.
5 J A J * 50 b 46 Jan.
103 Jan. 105 Jan.
9 Q—P 105
7 J A J 113 %b 115% Jan, 117 ïan.
P u r c h a s e m o n e y c e r t s .......... .
L . Shore.—Oon,op., 1st,'
0 J A J 109 %b 107% Jan. 109% Jan.
Kan. Pao.-D en.D lv.,6g.l89d
OonsoL ooup., 2d, 7a .
3 J A JD 119 %b 119 Jan. 119% Jan.
1st oonsoL, 6 g . . . . . . . . . 1919
Gold, 3*98........
7 J A L 106% 1 >4% Jan. 106% Ján.
U.P.Den.AGnlf,oon.,5g.l930
Leh. VaLTer.—1st, gu., I
1 A A 0 *111 b I l l Jan. 111 Jan.
U.
S.
Leather—S.P.deb.6g.l913
12
3%
Jan.
123
121%
Jan.
Lex. Av. APav.F.ga. 5s
3 MA £
1 Q—J 118 %b 117% Jan. 118% Jan. Virginia Mid.—Gen.M.t 5s. 1936
Wabash—1st,
5 g .. « . . . . « 1939
88
Jan.
85%
Jan.
4g...l 8 J A £ > 88
2d mortgage, o g . . . «, 1939
Louis. o» Nash.—Oons,.7 s ..] 8 A A Ci 102% 102% Jan. 103 Jan.
West
N.
Y.
A
Pa.—1st,
5 g .l9 3 7 .
120%
jan
.
120%
Jan.
*120 b
Gen. 2-3-48, g o ld ..« ..«1 9 4 3
105 b
West.Un.TeL—OoLtr.
5
s ..1938 .
118
Jan.
General, 6 g . . . . . .
0 J A I 117% 117 Jan.
85% Jan. 86% Jan. Wise. Cent. Oo. 1st 5s, g...!937|J
OJ A J 86
N o t e .—“ b ” indicates prioe bid; “ a” price asked; the range is made up from sales. ‘ Latest price this week. tTrust reoeipts.
93% Jan.
113% Jan.
105 Jan.
116% Jan.
123 Jan.
106% Jan.
1065s Jan.
96% Jan.
90 Jan.
6 4% Jan.
97% Jan.
109 Jan.
105% Jan.
107 Jan.
110% Jan.
90% Jan,
122 Jan.
79% Jan.
131 Jan.
103% Jan.
104% Jan.
1165s Jan.
111% Jan.
109% Jan.
123 Jan.
110 Jan.
107% Jan.
138% Jan.
150 Jan.
100 Jan.
108% Jan.
108 Jan.
94 Jam
121 Jan.
81 Jan.
117% Jan.
97 Jan.
63% Jan.
107 Jan.
83 Jan.
15 Jan.
tllO%Jan.
t60% Jan.
115 Jan.
96 Jan.
126% Jan.
100 Jan.
67 Jan.
114 Jan.
t99% Jan.
108% Jan.
81% Jan.
84% Jan.
8 4% Jan.
72 Jan.
115% Jan.
117% Jan.
104 Jan.
75 Jan.
73% Jan.
23% Jan.
122 Jan.
128% Jan.
107% Jan.
97 Jan.
62% Jan.
97 Jan.
103% Jan.
110 Jan.
96 Jan.
107 Jan.
92% Jan.
96 Jan.
106% Jan.
110% Jan.
118% Jan.
prin. pd.
NEW YORK STOCK EXCHANGE PRICES—(Continued!.—IN A C T IV E BONDS—JAN. 2 8 .
S E C U R IT IE S ,
B id
Railroad Bonds.
(Stock Exchange Prices.)
labama Mid.—1st, g „ guar.. 1928
A tch. Topeka A San Fran.—
fitiuip. trust, ser. A, 5s, g ..l9 0 2
Chicago A St. Lou.—1st, 6s. 1915
Atian.Ave., Bklyn—Imp.g.5s.l934 ‘ 85
Allan. A Danv.—1st, g., 5 a ...i i50
Ask.
SfiOURITlfiS.
Bait. A Ohio—1st, 6s, Park B.1919
5s, g o l d .............................1 92 5
Cons, mort., gold, 5s...... ...1988
W V a. A Pitts.—1st, g., 5 s ..1990
Monon. R ive r, 1st, g., g. 5 s .. 1919
Oent’l Ohio Reo-.—•lst,4 % s .l 93
Col. Oin. A Mid.—1st, 4 % j ..1939
A k . A Ch. J uno.—1st,g,5 s,gu. 19 3i
B . A O S. W., 1 st, g ., 4 % 8. . . 1990
o<*‘ * ~ Miss.—1st eon. 4s.;.
Bid.
Ask.
S fiO U R IT lfiS .
Bid.
Ohio A M.—2d oonsoi. 7s. ..1911
110
Bpringdeld Div. 1st 7 s ......1 9 0 5
92%
General 5s........ . . . .. . . . . . . . . 1 9 3 2
*98
Brooklyn Elevated—2d, 5 s ...l9 l£
Seaside A B.B.—lst,g,5s,gu .1 -**2
Brunswick A W*n—1st, g., 48.1938
99
Buff.R. A Pitts.—R. A P.lst,6s.l921 126
Rooh. A Pitts.—Oons.lst,68.1922 122
95
Clear. A Mah.—1st,gu.,g. ,5s. 1943 118
*93 100
'104% 1105% Buflf. A SusquMi —1st, 5s. g - .1 * 1 ■
Ask.
55
THE CHRONICLE,
228
LVol. l x \ i,
NEW YORK STOCK EXCHANGE PRICES.-IN A C T IV E BONDS—(ContinuedJ—JAN. SIS.
SECURITIES,
Bid.
Ask.
SECURITIES.
Bid.
Ask,
SECURITIES.
Bid.
Ask
Northern Paoiflo—
Burl. Ced.Eap. de No.—let, 58.1906 107*8 108*4 Erie—(Oon.)—
St.Paul A N. P.—Gen., 6 s.. 192? 130
Consol. * collat. trust, 5 s.. 1934 *109
4th extended, 5 s ................1920 *119% 125
Norfolk <fe South’n—1st, 5s,g. 194 '104*4
5th «extended, 4 s ............ ..1928 *103 Hi
Minn. & St. L.—1st, 7s, g u ..1927
Norfolk A West.—General, 6s.l93) ’124*« 126
1st, c o n , g a ^ d , 7s .........1 9 2 0
Ced. Bap. I. P. dc N „ 1st, 6s. 1920 *106
New Biver 1st 6s . . . . . . . . . . .
B. N. Y. A E.—1st, 7s.......... 1916 ’ 140
1st 5s....... ..........................1921 *105*2
Imp. dc Ext., 6 p.....................«1 9 3 4
Bufi. A 8. W.—Mortg. 6s__ .1908 114
Cent. HR. or Hank.—Col. g.5s.l937 *92
Col.Conn.&Ter..lst,gu.g
1922
Jefterson—1st, gu. g 5s ....1 9 0 9 105>«
Cent. By. of Ga.—
85*«
Scioto V .*N .E .-lst,gu.g.4s. 1989
43
dual * B R .—6s..................... 1922
1st, pref. income, g., 5s ....1 9 4 5
*14*3
Ufi""
nook
ATm
ut-lstès.
our’ov.1913
Ohio
Biver
BB.—1st,
5s,
g
....l9
3 t *103
2d, pref. income, g., 5s .....1 9 4 5 *
Gen, g .,5 s......................... ...1 93 "
105
8*« N. Y. A Gr’nw’d L.—Gu.g.5s.l946
3d, pref. income, g., 5 b. .....1 9 4 5
81*«
Evans. A T.H.—ist, cons., 6S.1921 115 117
Omaha A St. Louis.—1st, 4 s ..1931
Mao. dc Nor. Div., 1st,g., 5s. 1946
Oregon Short Line—
1st, general, g., 5 s ............... 1942 77
Mobile Div., 1st, g., 5 b. . .... 1946 *94*3 97
Utah A North.—1st, 7s........ 190? *117
Mt.Vernon 1st 6 s ................ 1923
Cant, o f N. J.—Conv. deb., 6 s.1908
Gold, 5s...............................192? *100
Sul. Co. Br. 1st, g., 5s..........1930
Cent. Pacific—
45*«
Non-cum. inc. B. and col. trust.. *
Evans. & Indian.—1st, con s..1926
Speyer& Co.otfs, A B C D ..1899 *102 103
Flint A P. Marq.—Mort., 6s.. .1920 116 117 Penn-P.0.0.de8t.L.Cn.g.4*«sA194 * ilii¿
Gold 5s, series E .......... —— 1898
112
Do
do
Series B 1942
1st, con. gold, 5 s ...............1039 *91
an Joaquin Br., 6 s . . . . . . . -.1900 *103%
Do
do
Series C 1942
92’
Pt. Huron Div.—1st, 5s ....19 3 9 86
i ort. gold 5s........................1939
102* lia . Gen & Pen.—1st g. 5 s ....1918 ’100
Do
do Series D, 4s, 1945
t and grant, 5s, g........ .........1900
P.C.deS.L.-lst,0.,7s............... 190’
1st, 1. g.. ext. g., 5s..........1 9 3 0
Cal. dc O. Div., ext., g. 5 s ...1918
Pitts. Ft. W. de O.—1st, 7 s ...1915 *140 .........
west. Pacific—Bonds,6s....1 89 9 *101*« Í0 2 V 1st con. g., 5s . . . . .. . . . . . . . . .1 9 4 3 *89'
2d, 7 s ................................. 1912 *138
60
Ft. W. A Bio Gr.—1st, g., 3-4S.1928
No. Bailway (CaM—1st, 68.1907
3d, 7s...................................1912 *137 141
Gal. H.& H. of 1882,1st,5s...1913
50-year 5s.......... ..........1 9 3 8 * ioo
Oh.8t.L.deP.—1st,00n.5s,g...1932
*1031«
105
Ga.
A
Ala.,
1st,
pref.,
g.
5s..-.
1945
Cent. Washington—1st, g., 6s.l9S8
Olev. deP —C ons.,s.fd., 7S.190C
Ga. Car. deNor.—1st, gu. 5s, g.1929
Ohas. & Sav.—1st, g., 7s........ 1936
Gen. 4*«s, g., “ A” ............ 194?
Ones. dc O.—Pur. M. fund, 6 s.1898 101 1021« Illinois Central—1st, g., 4 s ...1951 114
Do
do
Series B 1942
1st. gold, 3*«s....................... 1951 102
Craig Valley—1st, g., 5 s ....1940 99 102
Bt.
L.V.dcT. H.—1st,6s.,78.189 *102~
Gold 4s..................................1952
Warm Spr.Val., 1st, g. 5 s ..1941
2d, guar., 7 s . . . . . . . . .
...1 89 ? *102
2-10 g., 4 s..............................1904 100
Eliz. L.& Big Sandy—G. 58.1902 103' 10*4
Gd.R. del. Ext.—lst,4*«8,G. g. 1941
Cairo Bridge—4 s . .. . . . .........1950
Chicago dc Alton—S. F., 6 s ....1903 11«
Alleg.Val.—Gen., gu., 4s, g.1942
Middle Div.—Beg., 5s..........1921 ’115*«
L inis. A Mo. Biver—1st, 78.1900 ’110*4
N. deCin.Bdg., gen.gu.4*«s.g.l945
O. St. L. deN. O.—
2d, 7 s ...........
1900 ’107
Penn. RR.—1st real, est g. 4s. 1923
Gold, 5s, coupon............... 1951
Bt. L. Jacks. & Chic.—2d, 7S.1896
Cle.de Mar’ ta—lst.gu.g.4*«s.l935 *108
Memp, Div., 1st g. 4s.......1951
Miss.B. Bridge—1st, 8. f ., 68,191?, ’ lC4*a
UnitedN.J.RR.&0.--Gen.4s.l944 *115
Bt. L. A. A T. H.—Term. 5sl914
Ohio. Burling. A Q.—5s, s. f ..1901
D. Riv.RR.deBdg—lst,gu.g.4s.’ 36
Bellev. A Car.—1st, 6 s .. ¡1923 116
Iowa Div.—Sink.fund, 5 s.. 1919 *109
104
Peoria
A Fek. Union—1st, 6s .1921 *121 . . . . . .
103
Bt.
Louis
So.—1st,
gd.
g.
4s.1931
Sinking f u n d ,4 s ........ 1919
2d mortg., 4*«s.....................1921
86*2
Gar. deShawt.—ls t g . 4S....193?
Plain, 4 s . . . . . . . . .................... 1921 *97
Pitts.
Oleve.
A Tol.—1st, 6s... 1922
104*«
1031«
Ind.
Deo.
A
W.—1st,
g.,
5s....1935
Chicago A Iowa Div.—5 s ...1905
Pitts, de L. Er.—2 d g. 5 s ,“ A ” . 1928
Ind. His. A Iowa.—1st, g, 4s.. 1939 *85
Ohio Burl. A Nor.—1st, 5 s..1926
Pitts. Mo. K. A Y.—1st 6s.......1932
O ole. A Indiana Coal—1st 5s.1936 *Í04' 104*3 1st, ext., g. 5 s ......................1943
Pitts. Painsv. dc F.—1st, 5 s ... 1916
53
52
Cat.Mil. A St.P.-lst,8s,P .D .1898 10378 . . . . . . Int. A G. ITn.—3d, 4s, g ........ 1921
Pitts. Shen. &L.E.—lstoon.5s.1943 —
30
38
Kings Co.-F.El.,lst,5,g.,gu. A. 1929
2d, 7 3-10s, P. D .................. 1898
........
Pitts, de West.—M. 5s, g.1891-1941
Lake Erie A West.—2d g., 5 s.1941 101 103
1st, 7s, $ g., B. D .................. 1902 139*«
1001«
103*9 Pitts.Y’gst’n&A.—1st, 5s,oon.l927
North’n Ohio—1st, gu. g. 58.1945
1st, 1. * D., 7s......................1899 139*3
Rio Grande So.—1st, g., 3-4S.194C
•St,,G. A M., 7s......................1903 139*2 . . . . . . L. S. A M.Sou.—B.diE.—New 7s.’98 102 H
Bt. L. de S. F.—2d 6s,g., ol. A .1906 115
Det. M. A T.—1st, 7s............1906
•Jt,jl. A D. Extension, 7 s ... 1908 140
2d, 6s, g., class C ............... .1906 115
117
Lake Shore—Div. bonds, 7s. 1899 106*9
1st, La C. <feDav., 5 s . . . . . . .1 9 1 9
1st, trust, gold 5s........... 1987
Cin.de 8 —lst,gu.L.S.deM.S.7s.’01
1st, H .A D., 7 s . .. . ............. 1910 130
Ft. S. de V. B .B g .-ls t , 6S...191? 106% 112
Kal. All. A G. B.—1st gu. 5S.1938 120“
1st, H. A D .,5 s .................... 1910 *109
Kansas Midland—1st. g.,4s.l937
Mahon’g Coal BR.—1st, 58.1934 118*9
Chicago A Pacific Div., 6 s ..1910 120
Southwest Div., 1st, g. 5 s..1947
LehighV.iN.Y.—1st gu.g.41«s.l940 103
Mineral Point Div. 5s.......... 1910
.......*
St. Paul City Ry, oon. os, g ... 1937
Lehigh V’y Coal—1st 5s,gu.g.l933
0. A L. Sup. Div.. 5s............1921 114
Golcros, guar . . . . . . . . . . . . . . . 1 9 3 7
Lehigh & N.Y.—1st, gu. g. 48.1945 91*2
Fargo A South., 6s, A ssu ...l9 2 4 127*«
St. Paul dc Duluth—1st,5 s ....1931 117
ElmiraC.deN.,lst.g.lstpf. 68.1914
Inc. conv. sink, fund, 5 s ....1916 105
2d mortgage 5s.......... .......1 9 1 7 108 110
Guar., gold, 5s............... ..1914
Dakota A Gt. South., 5 s ....1916
Bt. Paul Minn A M.—2dM, 6s. 1909 *122*4
Lltohf. Car.de West.—1st 6s. g .l9 1 f
MU. & Nor. main line—6 s ...1910 122
Minneap.
Union—1st 6 s ... 1925
‘
114
Little
Rock
A
M.—1st,
5s
g..l9
3
7
0 Me.*Norw.—30-year deb.5s.1921
Mont. Cen.—1st, guar., 6s.. 1937 *
127
Bsoanaba A L. S. 1st, 6 s ....1901 *111 . . . . . . Long Island—
1st
guar.
g. 5s.......... .........1937 *106
1st, 7s.................................... 1898 118*«
DssM . A Minn.—1st, 7 s .... 1907
East. Minn., 1st div. 1st 5s. 1908 108*2
80
Ferry, 1st, g., 4 * « s ............ 1922
Iawa Midland—1st, 8s........ 1900
111
W**u ardeSiouxF.—1st, g,5s.l93k *
......
Gold 4s.........................
1932
0 ilc. A Milwaukee—1st, 7s.1898
San Fran, de N. P.—1st, g., 5s. 1919 ........
N. Y. A R’way B.—1st, g. 58.1927
Win. A St. P.—2d, 7s............1907
8av.Fl.
deWest.—1st,
oon.
g.6s.l934
2d mortg., In c.............1 9 2 7
MU. A Mad.—1st, 6s............1905 * il6
N.Y.B.dcM.B.—1st con. 5s,g. 1935
106*4 Seaboard A Roanoke—1st, 5&.1926 *102
Ott. O. F. A St. P.—1st, 5s. 1909 *109
8eat.L.8.deEast.,l8t6s,asst.pdl93L
Brookl’ndcMontauk—1st,os.1911
Northern HI.—1st, 5s. . . . . . . 1910 *109
Southern Paoiflo Co.—
1st, 5 s .................................1911
MU.L. S. dcW.—Con.deb. ,5s. 1907 *110
Gal.Har.deSan Ant.—1st,6s.1910 106
No. Shore Br.—1st oon.5s,g.l932
Mich. Div., 1st, 6 s ........... 1924 *133
2d mort., 7s................... ..1905 103*« 106
Louis.Evans.de St. L.—Con.5s.1939 *33*«
kshland Division—1st, 6s 1925 *133
H ons.&Tex. C.WaoodcN.7s 1903 125
89*« Louis, deNash.—CecU. Br. 7s..1907 106
CH.B.I.&P—D.M.deF.D.lst4s.l905 *87
1st g., 5s (int. gtd).. . . . . . . 1937 110
E. H. A Nash.—1st 6s, g ....l9 1 9 115
1st. 2*»s.............
.....1 9 0 5
Cons. g. 6s (int. gtd )......1 9 1 2 106
Pensaooia Division, 6 s ......1920 105
Extension, 4s.................... 1905 *68
Morgan’ s La. dc T.—1st, 6s.. 1920 114
Keokuk A Des M.—1st, 5 s..1923 107 108*«
Bt. Louis Division, 1st, 6 s... 1921
1st, 7s........ ......................1 9 1 8 *130 134
Qhin- Bt. P. A Minn.—1st,6 s.. 1918 *130
2d, 3s...................................1980
Oregon dc Oalifor.lst, 5s, g.1927
Nashv. & Decatur—1st,7s.. 1900 106H 108
Bt. Paul AS. 0.—1st, 6s....... 1919 130
Texas deNew Orleanslst.7s.1905
Ohio. A W. Ind.—1st, s. f., 6 s.1919 105
. f.,6s.—S. A N. A la ........1 9 1 0 —
SaDtne Division, 1st, 6s. ..1912
50-year 5s, g.,............. ......1 9 3 7 101*3 102*2
Gen. ga.6s.............................. 1932 1211«
Consol. 5 s , g . . .. . . . . . . . . . . . 1943 *98
Pens, dc At.—1st, 6s, g o ld ...1921
Ohio. A West. Mich.—5s........ 1921
Southern—Ala.
Cent., 1st 6s. 1918
O n Ham. A D.—Con. s.f., Ts.1905
Collat. trust, 5s, g . .........1 9 3 1 ios 104*
Atl. dc Char.—Income, 6 s.. .1900
Sd.gU d, 4i«8------...1 93 7
L.dcN. de M.dcM.—Ist,g.,4*«sl945 ’ 105
Oolum.
dc
Green.—1st,
5-6s.l916
Nash.Flor.deS.—1st, gu., 5S.1937 90
Qin. D. A Ir*n—lst.gu. 5s, g. 1941 110
E. Tenn. V. dc G a.-D ivis.5s 1930 113 115
So.dc No. Ala., con. gu. g., 5s. 1936 94*« 96
City de Sub. (Balt.)—1st, g., 5s.1922
Rioh.dc Dan.—Eq. s. f. g. 5s.1909 100
Olev.Ak. A Col.—Eq. A 2d 6s. 1930
Kentucky Central—4s, g ... 1987 *87
Deben. 5s, stamped ......1 9 2 7 100
72
L. deN.—Lou.C.deL.—g. 4*20.1931 108
Oiev.dcCan.—Tr.otfs.forlst5s.1917 71
ViPa Mid.—Serial ser.A, 6s. 1906
Lou.deJeft.Bdge Co.—Gu.g,4s. 1945
0 . C. C. A St. L.—Gen., g. 4 s ..1993
Series B, 6 s . . . . . . . . . . . . . . . . 1911
Louisville By—1st, con.,g.,5s.l930
Cairo division,4s...........1 9 3 9
Series C, 6 s ...............
1916
Bpring. &Col.Div.—1st,g. 4s. 1940
Mexican Cent. ConsoL—4s, g.1911
Series D , 4-5s . . . . .. . . . . . . . 1 9 2 1
1st, cons, income 3s, g .....,1 9 3 9
WhiteW.VaLDiv.—lst,g. 4s. 1940 *86
Series E, 5 s .......... ........1 9 2 6
2d cons, income 3s, g . ....... 1939
Oin.Wab.dcM.Div.—1st,g.4s,1991
Series F, 5 s . .. . . . ..........1 9 3 1
Mexican Internal—1st, g. 4s.l942
Cin. I. St. L. A C.—1st,g.,48.1936 100
Gen., 5s,guar., stamped .1936 *103*«
Consol, 6 s .... . . . . . . . . . . . . . . . 1 9 2 0 110
Mexican National—1st, g.,6 s.l9 27
Wash.0.deW.—1st our.gu.4s. 1924
Oin.San.deCL—Con.lst,g.5g, 1928 110
2 d ,income, 6s, “ A” . ........1 9 1 7
Sunbury dc Lewis.—1st, g., 4s. 1936
Indiana B. A W.—1st pf.7s.1900
2d, income, 6s, “ B ” ........1 9 1 7
Ohio Ind.deW.—lstprei. 5s.. 1938
Michigan Central—6 s ........1 9 0 9
123 Ter. As’n of St. L.—1st, 4*«e.l939
1st, oon. g. 5s.............. 1894-1944. 109
19
Peor. A East.—Income 4s ..1990
Coupon, 5s........ . . . .. . . . . . . . . 1 9 3 1 *127
St.L.Mer.Br.Term,,g.5s,gu..l930
Mortgage 4 s .....................1 9 4 0 *107
C, Col. Cin. A Ind.—1st, 7s,s.f.l899 105
Terre Haute Elec. R y—g., 68.1914
Consol, sink, fund, 7s.......... 1914 135
Bat.C.dcStrgis.—Ist,3s,g.gu.l989
Tex. de Pao., E. D.—1st, g. 6S.1905 *109 110
1101« Minn.de fctu L.—let, g. 7s........ 1927 142
Oin.dcSpr.—lst,O.C.G.dcI.7s.l901
Third Avenue (N.Y).—1st 5s, 1937 122*«
Iow a Fxtension, 1st, 7 s... ..1909
Oleve. Lorain A Wh.—1st, Ss.1933 103*4
T.deO. 0.—Kan. de M., Mort. 4S.1990 80
Oleve deMah. V.—Gold. 5 s ... 1938
Southwest Ext. -1st, 7s.....1910
061. Mid. 1st, g., 6s, asstd— 1936 66
6714 Pacific Ext.—Is t,6s ........1 9 2 1 Í22*s ........ Tol. Peo. de West.—1st, g., 4s. 1917 71
Ulster de Del.—1st, con.,6.,5s. 1928
Mo.K.dc Tex.—1st, ext., 5s, g.1944
lC3*a
Tr. etfs., con ,4s,2d ass’tpd. 1940
Mo.K.dcT.of Tex. lst,gu.5s.g. 1942 *82
Del. Lack. A W .—
82*« Union Elev., Ohio.—1st, s. 5s. 1945 98*«
Un. Pac.—6s,tr. reo. ex mat 0.1896 121
Kansas City A P., 1st,4 s,g..1990 74
1301«
Mort. 7s......................— 1907
6s. tr. rec. ex mat. co u p ....1897 121
Syra. Bing. & N. Y.—1st, 7s. 1906 125
Dal. de Waco—1st, 5s, gu..,.1940 82
83*«
6s, tr. reo. ex mat. co u p .... 1898 122
Mortis A Essex—1st, 7 s ....1914 141
Missouri Pacific —Trust 5s.. .1917 70
6s, tr. reo. ex mat. cou p....1 89 9 123*«
Bonds, 7s.................... .....1 9 0 0 106
1st coll., 5s, g . . . . . . .........1 9 2 0
70
Collateral Trust, 6s....... . ..1908 100
Mobile de Ohio—1st ext., 6s... 1927
T eof 1871...........................1901 112
Collateral
Trust,5s.........1 9 0 7 *75
141
144
1st, con., guar., 7s............1915
St. L. de Cairo—4 s,g u a r.....l9 3 1
Kansas Paoiflo—1st 6s, g ...l8 9 5
Warren—2d, 7s ... . .. . . . . . . . 1 9 0 0 108
Nash. Chat, dc St. L.—2d, 6s.. 1901
lb e ’ "
1st,
6s,
g
.
..... .......... . . . . » —1896
N. O. de. No. E.—Pr. 1., g., 6s..1915
1461«
D.
dcH.Can.—Pa.Div.,ooup.7s.l917
O. Br. U P ,- F . 0., 7s.......... 1895
50
N.Y.Central.—Deb. g. 4 s....1905 Í04% 104%
Albany A Susq —1st, gu.,78.1906
Atoh. Col. A Pao.—1st, 6s... 1905 34
1st, cons., guar., 6s.......... 1906
N. J. Juno—Guar. 1st, 4 s ...1986 105
U. P. Lin. A Col.—1st,g., 5s. 1918 33
Beech Creek—1st,gold, 4 s ..1936 105
Bers. A Bar. 1st, soup., 78.1921
Wabash—Debenture, Ser. A .. 1939
DenV. Tramway—Cons. 6s, g.1910
Osw. de Rome—2d, 5s,g.,gu.l915
30
Debenture, Series B ........1 9 3 9
28
Metropol. By ~ lst,gu . g.6s.l911
Utica A Bl. Riv.—4s, g., gu.1922
Det. dc Chic. Ext. 1st, 5s, g .1940 100*« 100«»
Denv * B.
1np g .,5 s ... 1928 89
N. Y. de Put.—1st, g., 4a. gu.1993 ........ ........
St. L.K.O.dcN.—St.C.Bdge6s.l908
N.Y. de Northern—1st, 5s,g.l927
Des Moines Un.Ry.—Ist,g.5s.l917
148a 15
West N.Y.de Pa.—Income 5 s ..1943
N. Y. N. H. de H.—1st, rear, 4s. 1903
18
Det.M. A ML.—L. g. iiS,ser.A.1911
Housatonio—Cons, gold 5s.. 1937 . . . . . . ........ West. Va. C. A Pitts.—1st, 6S.1911
Det. A Mack.—1st lien, 4s,g..l9 95
Wheel.dcL.E.—1st. 5s, gold...l926;*l00*3
4s, g o l d . .. . . . . . ............. .....1 9 9 5
N.Hav’ndeDerby,Con8.5s.l918
N. Y. Susq. de West.—2d, 4*«s.l937 *91
95 ! Wheeling Div., 1st, 5s, g . . . 1928 *80
ext. g. 4s................. 1947 114
Extension deImp, g., 5s.....1 9 3 0 *75
Terminal, 1st, «. 5 s ............1943 110*« 112
21 extended, 5s ............... ..191t>i*120 1251«
4*os.___. — ..1923 *113% 118
99
1 Wis. Cent« income 5 s .........1 9 3 7 ' ........
Wilk.de E ast.— Ist.artd.,g.5s.l942 98*«
79*8
* No prioe Friday; these are the latest quotations made this week.
THE CHRONICLE,
J a n u a r y 29, 18Î8.]
R oads.
229
Latest Gross Earnings.
Week or Mo \1897-98
AND
R a ilr o a d IttM I ig m c e .
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
oolumns the earnings for the period from January 1 to and
including such latest week or month.
The returns o f the street railways are brought together sep
arately on a subsequent page.
R oads .
Latest Gross Earnings.
Week or Mo 1897-98. 1896-97.
Jan. 1 to Latest Date.
1897-98.
1896-97.
Adirondack....... November.'
13,4831
14,372
184,636
178,815
Ala. Gt. South.. 3d wk Jan.
37,672
32,754
114,508
91,352
Ala. M idland... Novemb’r.
57,837
61,744
625,923
583,107
Ala. N. O.Tex. A Pao. Juno.
N; O rl.A N . E. 4thwkDec.
52.000
45.100 1,324,152 1,324,901
33.000
Ala. & Vioksb. 4thwkDeo.
26,900
623,685
608,578
35.000
Vicks. Sh. & P 4thwkDec.
29.100
560,613
575,903
Allegheny Val.. December. 228,187 199.326 2,553,135 2,341,614
Ann A rbor........ 3d wk Jan.
32,361
95,164
21,685
64,038
Ark. Midland... Novemb’r.
18,280
8,169
108,800
84,069
Atoh.T. A S.Fe.c December. ,609,110 3,107,619 34,859,820 31,142,871
Atlanta A Char. Novemb’r. 148,489 163,724 1,515,568 1,447,384
27,142
Atl. Knox. A No. December.
21,924
290,623
281,197
Atlanta & W. P. Novemb’ r.
54,064
52,615
507.564
479,216
Atlan. AD anv.. 3d wk Jan.
11,810
10.652
33,052
30,389
Austin AN’ west Novemb’r.
19,406
28,265
160,064
245.930
Balt. & O hio.... December. ,312,544 2,177,805 26,008,278 24,935,973
Bal. & O. Sou’ w. 3d wk Jan. 112,084 104,073
358.565
326,183
Bath A Ham’ nds O ctober...
10,374
10.590
29,200
29,466
2,523
Bir. A Atlantic. December.
2,232
24,999
23,765
Bruns w’kAW est Noyemb’r.
49,752
50,188
529,2x6
553,118
64,662
Buff. Rooh. APitt 3d wk J an.
56,550
189,358
169,651
Buffalo & Susq.. December.
55,183
47,236
626,8^9
540,295
Bur.C. Rap. & N. 2d wk jan.
67.378
136,486
73,028
127,966
OanadianPaoiflo 3d wk Jan. 396,001 315.000 1, 201,000
960,000
Car. Midland... December.
5,046
4,088
59,278
59,449
Cent, of Georgia 3d wk Jan. 125,247 127,159
355,320
342,634
Central of N. J. Novemb’r. ,154,651 1,148,621 11,635,165 11,634,355
Central Pacific. Novemb’r. ,399,595 1,069,448 13,031,653 11,508,340
Oharlest’n&Sav, Novemb’r.
40,960
41,930
548,177
508,157
Ohes. & O hio.... 3d wk J an. 202,465 218,919
645,245
624,688
Ohio. Bur. A Q .d December. ,476,546 2,955,052 39,890,256 34,176,454
Ohio. A East. Ill 3d wk Jan
81,'¿33
90,747
267,423
251,806
Ohio. Gt. West’n 3d wk Jan,
86,520
246,406
73,200
214,38«
Chio. Ind. A L .. 3d wk Jan
53,338
48,164
153,355
134,241
Ohio.Mil. A St. P. xd wk Jan, 554,101 488,148 1,598,801 1,348,136
Ohio. AN’thw’n. December. ,675,108 2,385,178 33,474,068 32,115,897
Ohio.Peo.ASt.L. December.
77,831
833,300
70,406
879,615
Ohio. K'R L A P .. December. ,518,110 1,237,135 16,842,898 15,421,698
Ohio. St. P. M. AO. Novemb’r. 992,571 751,464 7,925,447 7,496,236
Ohio. Ter. Tr. RR. 3d wk Jan.
22,600
66,8 ft5
75,579
25,193
Ohio. AW. Mich. 3d wk Jan.
27,503
24,384
76,830
66,290
Ohoo. Ok. A Gulf 3d wk J an.
21.379
12,082
66,198
39,033
Oin.G.APorts’tb December.
5,254
4,869
Oln. N.O. A T. P. December. 340,544 304,082 3,659,112 3,371,650
Clev.Oan. A So.. 2d wk Jan.
13,129
9,934
24,573
18,699
Ol.Oin.Ch.ASt.L 2d wk Jan. 256,82« 243,859
508,242
487,717
Peo. A East’n. Deoember. 166,122 150,521 1,750,024 1,703,544
01. Lor. dc Wheel 3d wk Jan.
30,938
21,882
89,308
59,655
Ool. M idland.... December. 148,516 140,952 1,739,068 1,824,037
OoL H. V. A Tol. December. 262,631 205,930 2,533,605 2,480,924
OoLARedMount J u ly .........
6,841
71,836
Ool. Sand’ v A H. 2dwk J an.
17,950
32,680
15*.943
28.526
Oolnsa A Lake.. December.
1,600
1,600
23,055
19,591
Crystal.............. Novemb’r.
1,233
12,404
465
9,745
Gumb’l’d Valley Novemb’r.
69.538
60,734
757,329
756,002
Denv. A Rio Gr. 3d wk Jan. 137,000 107.000
435,400
322,400
Des M. A Kan.C 2dw k Jan.
2,944
6,132
2,801
5,602
Des.M.N. A W .. Deoember.
37,329
32,662
430,480
442,254
Det.G.Rap.AW. 3d w tJan.
22,990
67,839
20,319
57,097
Det. A Lima No. 3d wk JanAk 9,648
29,604
Det.A Mackinac Novemb’r”
33,989
434,617
20,003
376,853
Duluth A Ir. R. O ctober... 235.811 130,931 2,463,402 1,920,193
DoluthS.S.AAtl. 2d wk Jan.
25,797
50,032
22,685
42,986
ElginJoLAEast. December. 129,924
82,850 1,202,541 1,278,103
Erie...............
December 2,793,295 2,535,612 33,137,’ 72 31,331,926
Eureka Springs. Novemb’r.
5,562
58,883
4,674
55,671
Evans. AXnd’plis 3d wk Jao.
4,888
14,827
4,008
12,884
Evansv. A T . H. 3d wk Jan.
20,821
63,214
59,304
20,716
Fitchburg.____ Novemb’r. 624,940 632,775 6.686,991 6,700,874
Flint. A P.Marq, 3d wk Jan.
57,411
158,961
49,474
137,031
Fla. Cent. A Pen lstw k Deo.
46,009
39.923 2,212,381 1,975,511
Ft. W’thADen.C. 2d wk Jan.
24,764
53,062
20.923
43,675
Ft. W. A Rio Gr. 2d wk Jan.
9.831
19,165
11,716
6,712
Gads. A Att. U. Deoember.
840
8,686
865
10,604
Georgia R R ....... 3d wk Jan.
35,914
98,325
36,871
99,076
Georgia A Ala.. 3d wk Jan.
26,360
73,904
23,8h 0
64,090
Ga.Carila A No. Novemb’r.
83,706
815,237
771,146
83,489
Geo. So, A Fla.. December.
80,145
874,334
881,855
76,239
Gr. Rap. A Ind.. 3d wk Jan.
105,712
37,095
31,984
89,059
Oin.R. A Ft.W. 3d wk Jan.
7.832
20,876
7,133
20,0 6
Traverse Olty. 3d wk Jan.
906
2,570
734
1,691
M us.G.R. A I. 3d wk Jan.
2,135
7,009
5,028
1,81*
Tot. all lines 3d wk Jan.
47,968
136,167
41,665
115,834
Gr.TrinkSyst’ m 3d wk Jan. 445,851 398,959 1,320,129 1,127,431
Ohio. A Gr. Tr. ithwkDec. 103,703 103,600 3,083,327 3,150,996
Det.Gr.H.AM. 4thwkDec.
31,623
988,785
958,121
34,196
01n.Sag.AMao 4thwkDec.
4,384
123,604
3,632
127,108
ToLS. A Musk. 4thwkDec.
3,147
3,024
83,829
111,509
Grea 1North’n—
St. P. M. A M. Deoember. 1,529,266 1,273,469 16,691,071 15,771,859
East of Minn.. December. 153.479 137,640 1,970,627 1,933,745
MontanaCent. December. 198,439 166,281 2,085,726 1,926,488
Tot. system. December. 1,881,184 1,577,390 20,747,424 19,632,092
G’lfB’ mntAK.O. December.
14,636
132,714
10,031
97,31«
Gulf A Chicago. Deoember.
7,400
52,105
5,128
47,860
Hoos.Tun.AWil. Deoember.
3,300
3,300
50.526
54,231
Hous.A Tex.Oen Novemb’r. 430,500 409,368 3,309,717 3,342,179
Illinois Oentralt Deoember. 12555393 12096516 124723399 t21783291
Ind. Deo. A West. Novemb’r.
36,591
36,017
Ind. I1L A Iowa. Novemb’r.
62,526
53,761
682,089
687,599
In. A Gt. North’n 3dwk Jan.
6-,525
64,632
190,244
223,947
tlnteroo. (Mex.) Wk. Jan. 8
51,700 __ 50,020
50,020
51,700
1896-97.
Jan. 1 to Latest D aft.
1897-98.
1896-97.
9
Iowa Central... 2d wk Jan.
29,786
28,006
58,814
52,027
Iron Railw ay... December.
4,291
4,268
39,547
44,148
Jack. T .A K .1 5 . Novemb’r.
25,299
22,174
273,855
282,280
KanawhaAMich 3d wk Jan.
10,463
10,071
29,989
29,625
K.C.F.ScottAM. 2dwk Jan.
88,301
74,292
165,221
138,407
K.C.Mem. A Bir. 2d wk Jan.
32.841
27,099
61,551
51,194
Kan. C.N. W — December.
39,263
362,553
297,141
42,107
Kan.City A O m .;2d wk Jan.
4,723
4,306
9,891
9,231
K.
C.Pitts. A G .. 3dw k 61,525
Jan.
21,319
177,896
65,849
Kan.C. Sub. Belt 3d wk Jan.
7,560
5,672
23,294
16,690'
Keokuk A West. 2d wk Jan.
7,722
6,275
15,450
12,550
L. Erie A West. 3d wk Jan.
63.844
61,237
189,427
174,940
Lehigh A Hud.. December.
36,608
32,019
387,826
390,851
Lehigh Val. RR. n ovemb’r . 2,160,747 2,074,051
Leh. v. Coal Co. O ctober... 2,536,334 2,081,871
Lex’gton AEast.' Novemb’r .
15,614
12,167
188,771
178,250
LongIsland RR. December. 291,329 243,797 4,156,593 3,938,240«
Long Is. System December
300,794 251,037 4,509,832 4,308,136
Los Aug. Term. December.
7,384
4,832
83,37»
93,248
Loui8.Ev.ASt.L. 3d wk Jan.
26,400
23,699
77,181
66,077
Lou. H. A St. L._ 3d wk Jan.
7,713
7,895
23,103
21,493
Louisv.ANashv. 3d wk Jan. 409,260 370,895 1,197,220 1,105,850
M aconABirm .. December.
6,601
5,423
67,079
61,984
Manistique. . . . . December.
4,640
5,925
110,360
116,564
MemphisAChas. 2d wk Jan.
33,305
22,590
63,282
42,899
tMexloan Cent,. 3d wk Jan. 253,586 238,780
714,137
687,402
Mexican Inter*!.;Septemb’r. 242.188 214,844 2,259,747 2,110,013
tMex. National. 3d wk Jan. 106,271 100,022
322,390
276,604
Mex. Northern. Novemb’r.
39,036
36,»97
537,177
662,008
tMexioanR’way Wk. Jan. 8
69.000
65,900
61,000
65,500
Mexican So.......lstw k Jan.
11.000
9,105
11,000
9,105*
Minneap.ASt.L. 3d wk Jan.
3 4 ,il6
30,570
93,175
87,786
M.St.P.AS.St.M. 3d wk Jan.
55,536
43,488
189,749
133.069
Mo. Kan. A Tex. 3d wk Jan. 223,099 215,259
696,544
635,260
Mo.Pao.AIronM 3 dw k Jan. 435,000| 388.000 1,343,000 1,106,00ft
Central Br’oh. 3d wk Jan.
21.000
16,000
67,000
45,000
Total............3d wk Jan.
456,000 404.000 1,410,00«) 1,151,000
Mobile A Birm.. 3dw k Jan.
10,934
7,691
30,488
20,37»
Mobile A Ohio.. December. 400,600 367,132 4,012,276 3.715,761
Mont.AMex.Glf December. 131,688 117,656 1,415,025 1,152,747
Nash.Ch.ASt. L. ¡December. 458,379 433,899 5,460,929 5,004,914
Nel. A Ft. Sh’p’a O ctober...
13,114
7,718
Nevada Central. O ctober...
4,305
33,310
3,498
29,737
N. Y .C .A H .R ,, December. 3,674,592 3,638,168 45,609,139 44,075,029
N Y.Ont. A W .. 3d wk Jan.
66,391
62,724
181,102
172,460
N.Y.Susq.AW.. December. 229,953 203,815 2,266,232 2,271,567.
Norfolk A West. 3d wk Jan
257,217 193,676
698,410
655,889
Northes’niG a.). Novemb’r.
7.933
7,648
60,019
59,692
North’n Central December. 586,440 520,120 6,732,703 6,286,602
North’n Pacific 3dw kJan
307,071 219,608
927,613
654,631
Ohio River........ 3d wk Jan
18,978
M 268
17,568
50,507
OhioRiv. AChas December.
16,732
16,060
184.840
184,579
Ohio Riv. A L.E, December.
2,664
2,055
Ohio Southern.. Deoember.
78.606
711,312
42,387
701,228
Om.Kan. 0. AE. 3d wk Jan.
16.844
10,631
47,512
31,850*
Oregon Imp. Oo. O ctober... 349,« 02 277,383 3,251,600 2,720,562
Oreg.RR.ANav. 3d wk Jan. 113,658
80,-69
332,983
233,475
Oreg. Sh. Line.. Novemb’r. 548,317 526,477 5,438,526 5,105,282
Pacific Mail...... Novemb’r
338.080 324,051 3,852,407 3.579.623
Pennsylvania. Deoember. 5,617,804 5,192,304 64,223,176 62,096.576
PeonaDeo.AEv. 3d wk Jan.
15,162
16,0551
51,038
47,17*7
Petersburg........ Novemb’r.
42,766
42,3461
519,901
508,938
Phila. A E rie.... Novemb’r. 496,164 476,596 4,255,057 4,161,177
Phila. A Read... December. 1,947,586 l,739.24l!21,313,422 21,034,368
Goal A ir , Co.. December. 2,024 988 1,770,699 22,448,533 22,737,421
Tot. both Co’ s. December. 3,972,574 3,509,940 43,761.955 43,771,789
Ph. Read. AN.E. December.
57.952
664,836
55,127
687,417
Phil. Wilm. A B. Novemb’r. *. 753,859 672,259 8,197,246 8,205,918
Pitts.O.C.ASt.L. December. 1,527,506 1,230,346 15,149,793 14,4 39,029
Pitts.Lisb.AW’n December.
4,891
47,541
4,308
43.994
Pitts.Bes.AL.E. Deoember.
75.695
642,593
49,555
639,512
Pittsb.A Wes’ n. 3 d w k Jan
25.022
23,485
69,437
70,455
Pitts. CLATol. 3d wk Jan,
15,106
10,107
41,008
30,320
Pitts. Pa. A F . 3d wk Jan,
2.933
9,425
1,997
5,993
Total system.. 3d wk Jan
43,061
119,870
35,589
106,768
Pitt.Young. A A. December. 113,150
6^,892 1,462,757 1,383,101
Rioh.Fr’ksb,AP. Novemb’r.
65,260
643,499
48,999
642,464
Rich.APetersb. Novemb’r.
25,496
25,346
309,179
313,402
Rio Grande Jet Novemb’r.
37,459
26.355
Rio Gr. South’n. 3d wk Jan.
8,879
7,231
26,088
1»,575
Rio Gride West. 3d wk Jan.
54.000
144,500
109,950
40,350
St. Jos. A Gr. I ... 3d wk J an.
21.000
64,000
20,000
58,000
St.L. Ch.A St. P. December.
33,000
25,500
308,308
297,847
St.L.Ken’etASo. December.
5,981
66,123
6,580
St.L.ASanFran. 3d wk Jan. 119,091 107,879
331,784
297,418
St.L. Southwest. 3d wk Jan. 106,900
308,700
88,600
263.000
St. Paul A Dul.. December. 118,483 107.405 1,608,569 1,537,461
San Ant. A A. P. December. 190,375 218,273 2,051,806 2,117,289
SanFran. AN.P. Deoember.
59,324
805,660
51.181
744,692
S.Fe Pres. A Ph. 2d wk Jan.
11,616
10,196
23,878
20,556
Sar. Fla. AWest. Novemb’r
297,694 295,921 3,112,465 3,118,48»
Sher.Shrev.A8o. 4thwkDeo.
13,234
328,547
11,623
314,944
Sil. Sprs. O. A G. Novemb’r.
13,668
12,562
175,487
174,090
Silverton........ December.
5,500
3,843
Sioux C. A Nor. Novemb’r.
30,637
253,622
21,232
205,562
So.HavenAEast December.
1,658
1,923
26,806
27,786
So. Paolflo C o.Gal.Har.A 8.A Novemb’r. 408, ,971 507,190 4,010, 582 4,643,188
Louis’a. West. Novemb’r.
62,.166
86,115
802 O il
831,891
Morgan’sLAT. Novemb’r. 505, ,583 613,241 4,492, 777 4,696,896
N.Y. T. A Mex. Novemb’r.
35 899
40,059
259 462
317, 200
Tex. AN .O rl.. Novemb’r. 108, ,467 130,671 1,301, 271 1,237,385
Atl. Prop’tes.o Novemb’r. 1,164, ,275 411,464 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. 4,896 881 4, 503.802 46,077, 811 44,321,843
So. Pao. of Cal. Novemb’r. 960, ,221 793,185 9 356, 056 9.082,990
So.Pao.ofAriz. Novemb’r. 235, ,233 214.634 2,306 860 2,060,799
So.Pao.ofN.M. Novemb’r
108, ,862 106.841 1,205, 799 1,041,864
NorthernRy.. Novemb’r. 210 ,932 190,717 2,083, 981 2,031 007
Southern R y ,... 3d wk Jan. 399 023 372.738 1,127, 934 1,073,804
Spok.F’lsAN or. O ctober...
49 ,521
44,089
356.995
518, 673
StonyCl. AC.Mt. Novemb’r.
1 ,092
38.562
1,381
33 895
Texas Central.. 2d wk Jan.
9 ,067
9,895
4,105
16, 521
Texas A Pacific. 3d wk J an. 140 ,265 133,709
406,434
455, 570
Tex. S.V. A N.W. Septemb’r.
4 ,569
3,597
Tol. A Ohio Cent. 3d wk Jan.
33 ,789
99,029
97,272
33,201
Tol. P. A W est.. 2d wk Jan.
19,,885
32.501
39 325
16,288
ToLSt.L. AK.C. 3dwk Jan.
114,809
37 ,362
110,185
39,633
Union P a cificUnion P .R R .. Novemb’r. 1,696,410 1,363,337 15,003,829 13,206,698
Ach.Ool. A P. ) .T
.,
470,657
301,464
48,66l|
31,143
Aoh.J.C.AW 5 Novembr.
Cent. Branoh 3d wk J an*
67,000
45,000
21,000!
16,000
Cen.Br.AL’dL Novemb’r. 101,628
697,171
75,591 1,029,554
Grid total.*« Novemb’r. 1,988,962 1,561,810 17i692;296 15,087,533
Un.P.Den. A G .. 2d wk Jan.
159,384)
118,545
80,142
61,5151
230
THE CHRONICLE
Latest Gross Earnings.
R oads.
WeekorMo 1897-98. 1896-97,
Jan. 1 to Latest Date.
1897-98.
2d week o f January.
1896-97.
$
561,522
189,972
641,623
243,498
207,024
32,236
145.902 2,387,386 2.402,102
93,387 1,137,553 1,162,612
326.826
35,164
329.859
539,370
532,151
62,475
154,200
167,*-00
51,600
55,594
84,465
18,718
189,279
253,434
64,964
84,750
80,668
8,289
63,286
64,395
5,718
Ft. Worth A Denver City
Kan. City Ft. 8. A Mem.
Kan. C. Mem. A Birin___
Kansas City A Omaha...
Keokuk A W««tw*n ____
Memphis A Charleston .
Mobile A Birmiutiham...
Omaha Kan. C. A East
San Fe Prescott A P h x..
Texas Central ............. .
Coiedo Peoria A West’n ..
Un. Pao. Den. A G ulf....
* Figures given do notinolude Oregon By. A Nav., Un. Pao. Denver &
Gulf, Denver Leadville A Gunnison, Montana Onion and Leavenworth
Topeka A Southwestern, a These figures include resultson leased Hues.
b Includes earnings from ferries, etc., not given separately, t Mexi
can currency, e Includes only half of lines In whioh Union Pacific has
a half interest, d Includes operations of the Ohio. Burlington & North
ern in both years. 5 Covers results of lines directly operated east of
Pittsburg.
t Chesapeake Ohio & So’ western included, beginning with July, Ohio
Valley,beginning with August, and Chicago A 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 A Pacific) and So. Cal. By. Besults
on Sonora By. and New Mexico A Arizona By., formerly inoluded, are
excluded after July 1.
Total (85 roads). . . . . . . .
Net inorease (15*81 p.o.).
Wabash.............
Waco A Northw.
W.J ersey A8ea’e
W.V.Cen APitts
WestVa.* Pitts.
Western of Ala.
West.N.Y.APa.
Wheel. A L. Erie
Wisconsin Gent.
Wrightsv.ATen.
York Southern.
3d wk Jan.
Novemb’r.
Novemb’r.
December.
O ctober...
Novemb’r.
3d wk Jan.
d wk Jan.
3d wk Jan.
Novemb’r.
Novemb’r.
207,793
24,'¿95
147,463
98,306
36,285
50,234
58.900
28,719
93,040
9,158
6,080
Latest Gross Earnings by Weeks —The latest weekly earndngs in the foregoing are separately summed up as follows:
For the third week of January our preliminary statement
covers 67 roads, and shows 14’ 13 per cent inorease in the
aggregate over the same week last year.
3d week of January.
Alabama Gt. Southern...
Atlantic A D anville......
Balt. A Ohio Southwest..
Buffalo Roeh. A f Ittsh’g
Canadian P a cific....-___
Central of Georgia..........
Chesapeake A Ohio........
Ohloago A East. Illinois.
Ohio. Great W estern.....
Ohio. Ind’plis A St. L .....
Chicago Milw. A St. Paul
Ohio. Term. Transfer....
Chicago A W. Michigan..
Choc. Okla. A G u lf......
Olev. Lorain A Wheel’g..
Denver A Rio Grande...
Det. Gd. Rapids A West.
Rvansv. A Indianapolis..
Evansv. A Terre Haute..
Flint & Pere Marquette..
Georgia.............................
Georgia A A labam a......
Grand Rapids A Indiana
Cincinnati R. A Ft. W ..
Traverse C it y ...........
Musk. Gr. Rap. A Ind
Grand Trunk.................)
E/Ghlcago AGr’d Trims J*
Det. Gr.Hav. A M ilw.)
International A Gt. No..
Kanawha A Michigan__
Kan. City Pittsb. A Gulf
Kan. City Sub, B elt.......
Lake Erie A Western....
Loulsv. Evansv. A St. L.
Louisville Hend.A St. L..
Louisville A Nashville...
Mexican Central..............
Mexican National ..........
Minneapolis A St. Loots.
Minn. St. P. A Ste. S. M..
M .Kansas A T ex a s.....
Mo. Paoltlo A Iro i M t...
. Central Branch........ .
Mobile A Birmingham...
N. Y. Ontario A Western
Norfolk A Western........
Northern Pacific___... . .
Ohio R iv e r...... . . . . . . . . .
Omaha Kan. C. A East...
OregonRK. A N a v .......
PeonaD ec. A Evansv...
Pittsburg A W estern.....
RiO Grande Southern__
Rio Grande Western.......
St. Joseph A Gd. Island..
St. Louis & San Fran....
8t. Louis Southwestern..
Southern Railway..
Texas A Paoltte.T,.. . . . . .
Toledo A Ohio Central...
Tol. St. L. A Kan. City..
Wabash........................ .
Western N. Y. A Penn...
Wheeling A Lake E rie...
Wisconsin Central..........
Total (67 roads)........
Net Inorease (14*13 p. c.i
1898.
1897.
9
37,672
32,361
11,810
112,084
64,6 1i
396,000
125.24’
202,465
81,233
86,520
53,338
554,10)
22,600
27,503
2i,379
30,938
137,000
22,990
4,888
20.821
57.411
35,914
26,360
37Ì095
7,832
906
2,135
9
32,754
21,685
10,652
104,073
56,550
315,000
127,159
218, »19
90,747
73,20ù
48,161
488,148
25,193
24,384
12,082
21,882
107,000
20,319
4,008
20,716
49,474
36.871
23,880
31.984
7,133
734
1,814
Increase.
445,851
398,959
46,892
68,525
10,463
61,525
7,560
63.844
26,400
7,713
409.26L
253,586
106,271
34,416
55,536
223,094
435,000
21,000
10,934
66,391
257,217
307,071
18,978
16,844
113,658
15,162
43,061
8,879
54,000
21,000
119,091
106,900
399,023
140,265
33,78»
37,362
207,793
58,900
28,749
93,010
64,632
10,071
21,319
5,672
61,237
23,699
7,»95
370,895
238,780
100,022
30,570
43,488
215,259
388,000
16.000
7,690
62,724
193,676
219,608
17,568
10,631
80,869
16j055
35,589
7,231
40,350
20,000
107.879
88,600
372,738
133,709
33,201
39,633
189.972
51,600
18,718
64,964
3,893
39
40,206
1,888
2,607
2,701
6,601,421
5,784,028
852,169
817.393
Decrease.
9
9
4,918
10,676
1,158
8,011
8,112
81,000
1.912
16,454
9,514
¿3,320
5,174
65.953
m
m
2,593
3,119
9,297
9,056
30,000
2,671
83<>
105
7,937
957
2,480
5,11)
699
172
321
...
182
38,365
14,806
6,249
3,846
12J)48
7,84'
47,000
5,000
3,244
3,667
63,541
87,463
1,410
6,213
32,789
7,472
1,648
13,65i
1,000
11,212
18,300
26.285
6,556
588
17,821
7,30o
10,031
28,076
893
-
_
2,271
34,776
For the second week of January our final statement covers
85 roads, and shows 15*81 per oent inorease in the aggregate
over the same week last year,
2d week o f January.
Previously rep’d (66 r’ds)
Burl. Ced. Ban. A North.
Choc Okla. & G ulf........
Cleve. Canton & South’n.
Olev. Oln. Ohio. A St. L ..
Col. Sandusky A Hook’g.
Des Moines A Kan. City..
Daluth So. Shore A Ati
1898.
1897.
$
$
6,726,078 5,802,090
67,378
73,028
23,273
16,404
9,934
13,129
256.826
243,859
15.943
17,950
2,944
2,801
22,685
25,797
Increase.
953,736
‘ '6.869
3,195
12,967
2,007
143
3,112
Decrease.
$
29,738
5,650
[V ol . LXV1,
1898.
1897.
Increase.
$
24.761
88.301
32,841
4, 23
7.722
33.305
9,920
16,716
11,616
9,067
19,835
80,142
$
20.923
74,29 1
27,099
4.306
6,275
22,59 »
6,57*1
11,113
10,1^6
4,105
16,28 s
61,515
$
3,841
14,009
5,742
417
1,447
10,715
3.342
5,603
1,420
4,96 i
3,5.47
13,627
7,472,377
6,452,014
............
1,055,751
1,020,383
Decrease.
9
............
35,388
Net Earnings Monthly to Latest Dates.—The table follow
ing shows the gross and net earnings of S t e a m railroads
reported this week. A full detailed statement, including all
roads from whioh monthly returns can be obtained, is given
once a month in these columns, and the latest statement o f
this kind will be found in the C h r o n ic l e o f January 23,1898.
The next will appear in the issue o f February 19, 1898.
Gross Earnings.—
Net Eam ’gs.1897.
18a6.
1897.
1896.
Roads.
$
$
$
Alabama Gc.South.a.Deo.
177,607
164,800
85,266
8),383
Jan. 1 to Drto. 3 1 ..... 1,651,956 1,540.073
518,746
462,452
July 1 to Deo. 3 1 .....
905,458
859.046
354,102
337,859
Allegheny V alley....D eo.
228,187
199,326
92,715
72,973
Jan. 1 to Deo. 31....... 2,553,135 2,341,614 4,074,869
832,510
Atch.Top A8.Fe.b...D ec. 3,609,110 3,107,619 fl,114,380
1892,950
Jan. 1 to Deo. 31.......34,859,820 31,142,871 8,994.810 8,648,449
July 1 to Deo. 31.......20,425,76117,552,639 18.227,389 15^265^645
Butt. Rooh.APitts. b..Deo.
286,813
255,385
97,051
82,355
Jan. 1 to Deo. 31......... 3,452,093 3,337,788 1,177,735 1.03 ',403
July 1 to Deo. 31........ 1,899,856 1,795,034
693,190 609,276
Cent, of Georgia.a...Deo.
579,454
555,726
245,739
265,550
Jan. 1 to Dec. 31........ 5,423,549 5,323,263 1.900,770 1,775,167
July 1 to Deo. 31........ 3,043,015 2,900,158 1,199,129 1,126,489
372,367
36 >,343
Ches. A O h io .a .......Deo. 1,137,801 1,018.818
Jan. 1 to Deo. 31....... 11,397,41710,375,194 3,583.761 3,402,628
July 1 to Deo. 31........ 6,047,765 5,358,529 2,033,013 1,870,669
Ohio. Burl.AQuln.b..Deo. 3,476,546 2,955,052 1,386,173 1,350,845
Jan. 1 to Deo. 31........ 39,890,256 34,176,454 15,964,615 13,040,655
July 1 to Deo. 31.........22,948,410 18,584,338 9,685,919 8,043,575
Ohio. M. & St. P.a...D eo. 2,817,081 2,570,877 1,254,514 1,241,008
Jan. 1 to Deo. 31........ 32,178,761 31,352,383 12,657,435 11,867,299
July 1 to Dec. 31........ 18,430,280 16,733,282 7,533,036 6,784.879
Cleve. Canton & So .Deo.
68,116
52,743
17.124
12,231
Jan. I to Deo. 31_______________
667,315 704,078
129,521
133,149
July 1 to D jC. 31...........................
356,014 376,652
87,734
70,863
Olev.Oln. C.ASt.L.a..Deo. 1,325,020 1,204,450
314,333
343,608
Jan. 1 to Deo. 3 t....... 13.s48.529 13,011,463 3,271,695 3,131,658
July 1 to Deo. 31........................... 7,420,8426,689,424
1,697,335 1,678,138
Peoria A East’n.a..Deo.
166,122
150,521
53,974
47,528
Jan. 1 to Deo. 3 1 ..... 1,750,024 1,703,544
376,854
406,343
July 1 to Deo. 3 1 ....
952,300
179,877
833,377
243,379
140,224
19,444
39,416
Colorado Midland. ..Nov.
159,313
381,775
Jan. 1 to Nov. 30....... 1,590,552 1,68 {,864
363,589
July 1 to Nov. 30. . . .
795,410
189,220
735,239
123,576
14,869
82,685
17,782
CoL Sand. & H ojk’g.Deo.
62,827
505,178
605,798
Erie..a...................... Deo. 2,793,295 2,535,612
Jan. 1 to Deo. 31.......33,137,072 31,331,926 8,486,792 8,184,205
July I t o Dec. 31.......18,240,963 16,600,923 5,115,665 4,785,809
Fall B ro o k 98,136
109,936
186,082
Oot. 1 to Deo. 31.
183 029
273.941
649,697
669,076
Jan. 1 to Deo. 31.......
349,877
13,249
44,833
Ft. Worth & Rio Gr..Nov.
72,249
34,971
27,904
27,700
76.239
Ga.South. & Fla.a..D eo.
80,145
232,432
276,736
881,853
Jan. 1 to Dec. 3 1 .....
874,334
156,320
160,222
July 1 to Deo. 31.......
467,403
456,615
7,636
Gulf Beaum’ b & K.O.Deo.
14,636
10,031
38,905
July 1 to D^c. 3 1 .....
74,875
26,432
52,209
Long Island R R .b ... Deo.
291,329
243,797
Jan. 1 to Deo. 3 1 ..... 4,156,593 3.936,240 1,249,975 1,305,194
857,520
918,531
July 1 to Deo. 31....... 2,495,651 2,272,993
17,849
48,563
251,037
Long Isl’d RR. Sys.bDeo.
300,794
Jan. 1 to Deo. 3 1 ..... 4,509,832 4,308.136 1,331,594 1,340,688
950,401
July 1 to Deo. 31....... 2,746,973 2,534,831 1,031,914
74,035
75,086
164,424
Minn. A St. Louis.a.Deo. 170,777
806,730
837,784
Jau. 1 to Deo. 31....... 2,152,982 1,994,428
492,385
522,794
July 1 to Deo. 31....... 1,243,633 1,097,154
72,541
87,176
278,715
N. Y. Ont. A West a.D eo.
312,742
Jan. 1 to Deo. 31....... 3,950,278 3,853.813 1,116,864 1,120,249
701.475
696,517
July 1 to Deo. 31....... 2,182,581 2,126,705
97,059
118,542
203,815
N. Y. Sus. A West.b..Deo.
229,953
Jan. 1 to Deo. 31....... 2,266,232 2,271,567 1.033.336 1,005,426
566,092
592,420
July 1 to Deo. 31....... 1,257,042 1,239,62 3
3,916
4,200
7,648
Northeastern of Ga..Nov.
7,933
23,376
59.612
19,120
Jan. 1 to Nov. 3 >.......
60,019
15,407
12,638
30,771
July 1 to Nov. 30.......
32,141
125,290
31,693
520,120
Northern Central. b..Deo.
58 3,440
Jan. 1 to Deo. 3 1 ..... 6,732,703 6,286,602 1.934.336 1,643,497
5,590
4,696
17,59 i
Ohio River A Ohas...Nov.
19,373
15,604
79,132
18,624
July 1 to Nov. 30.......
78,878
400,039
236,799
175,079
Oregon RR. & Nav...Deo.
555,835
Jan. 1 to Deo. 3 1 ..... 5,618,664 4,619.840 2,439,2 30
July 1 to Deo. 31....... 3,642,378 2,709,015 1,795,733 1,270*959
PennsylvaniaLines directly operated—
East of Pitts.AE.. Deo. 5,617,804 5,192,304 1,664,297 1,638,197
Jan. I t o Deo. 31...64;223,176 62,096,576 20,532,068 18,203,768
Westof Pitts. A E. Deo..
Ino. 894,700
Ino. 430,800
Jau. 1 to Deo. 31...
In c.2,051,500
Ino. 2,165,000
872.229
797,814
Phila. & Reading......Deo. 1,947,586 1,739,241
Jan. 1 to Deo. 31...... 21,313,422 21,034,368 9,319,339 9,111.497
July 1 to Deo. 31...... 11,886,164 11,217,562 5,559,761 5,152,994
Coal & Iron Co....D eo. 2,024,988 1,770,699
80,487 def. 12,373
Jau. 1 to Deo. 31...... 22,448,533 22,737,421
251,674
462,943
July 1 to Deo. 31___ 13,382,883 12,361,429
818,122
731,035
Total both Co’s ...D ec. 3,972,574 3,509,940
952,716
785,441
Jau. 1 to Deo. 31___ 43,761,955 43,771,769 9,571.013 9,574,440
July 1 to Deo. 31___ 25,269,047 23,578,991 6,377,883 5,884,029
THE CHRONICLE
J a n u a r y 29, 1898 J
1897.
Roads.
Phila. & Read. (Con.)—
$
Rea lina; iomu’ ay. Deo.
July l fco Deo. 31 ...
Total all Co in oan’s. Deo.
July 1 to Deo. 3 1 .....
57,952
55,127
Phil. Read. & V. E n g . Deo.
637,417
661,336
Jaa. 1 to Dee. 31. . . .
359,617
376,979
July l to Deo. 3 1 .....
Pittsburg & Labe Brio—
Jaa. 1 to Deo. 3 1 ..... 4,666,686 4,501,420
32,433
41,333
Rio Or’ ude Souta. b..Deo.
413,073
38 i,0 3 )
.Taa. 1 to Deo. 31. ...
2 18,687
212,499
July 1 to Deo 3 1 .....
513.714
495.471
6t. .Louis & Han Fr...Deo.
Fac. 1 to Deo. 31. . . . 6.182.142 6,039.591
July 1 to Deo. 3 1 ..... 3,639,747 3,120,936
St. Paul Gas L». Co ..Dee.
Jaa. 1 to Deo. 31. ..
218,273
190,375
San Ant. & Araa. P..Deo.
Jaa. 1 to D->o. 31. — 2,051,8 06 2 ,1 17,289
July 1 to Deo. 31....... 1,148,657 1,302,203
Southern Railw-iy.a. Deo. 1,836,011 1,699,790
Jan. I to Deo. 31.....19,73*,646 18,668,970
July l to Deo. 31. ...10,193,754 9,338,584
Syracuse Gen. & Corn.—
Oot. 1 to Deo 31.......
190,421
135,123
Jaa. 1 to Deo. 31. . . .
631,819
682,639
Wabash, b .
.......Deo. 1,055,907
965,375
Jan. 1 to Deo 31.......12 206,200 11,961,9 »4
July 1 to Deo. 31. . . . 6,813,473 6,134,059
.-----Net Earning*.— ■.
1897.
1896.
$
$
27,243
23, <25
184,234
180,36 i
979,959
808.763
6,562,167 6,064,395
13.343
17.3 12
232,409
192,601
135,932
100,575
G r o ss
E a r n in g s .
231
Latest Gross Earnings.
Week or Mo 1 89 7 . 1 1 8 9 6 .
$
I
$
Jan. 1 to Latest Date 189 7 .
1896.
$
9
Coney Island & B’ lyu Septemb’r,
2 8 7 ,8 0 8
2 7 3 ,3 0 8
lonsolt’d Trao. (N. J.) December. 2 6 6 ,1 4 2 2 3 9 ,2 8 0
Dan v. Gas El. Light <S
9 5 ,7 8 5
Novemb’r. 1 0 ,1 41
Denver Con. Tramw.. December. 6 » , 9 95 5 7 ,« 9
7 2 3 ,3 3 8
7 2 4 .5 1 Í
5 5 ,9
Detroit Olti’ ns’ St. Ry 3d wk Jan. 2 0 ,9 4 0 18,257
6 2 ,4 3 8
3 o * ,2 ) 3
Detroit Eieo. Ry____ December. 3 5 .9 2 5 3 1 ,8 4
423, 69
1,441,993 1,384,081 Dnln h St. Rv............ Deoe uber. 16,337 15, L 2 ' 1 8 9 ,4 5 0 2 2 .7 3 0
Erie Eleo. Motor Co.. December. 12.1M7 11,317 1 4 0 .8 4 •) 1 5 0 ,5 0 4
19,605
15,4't5 Galveston City R y... Septeiub’r. l-*,5 4
1 9 ,1 4 «
1 6 3 ,3 Jb
1 6 1 ,6 9 2
153.899
1«8,599 Harrisourg Traction. December. 2 0 ,1 2 7 1 » ,0 5 7
............
86,419
106,95 7 Herkimer Mohawk II
2 1 1 ,3 4 1
198,636
3 ,4 9 2
3 >,571
ion v F’kfort El. Ry. December.
3 .7 6 5
4 2 ,6 0 4
2,709,001 2.464,279 H losiok Kv . . . . . . ... O ctober...
6 .9
6
6 ,0 4 1
7 ,2 3 3
1 ,6 1 0 ,6 9 4 1,411.394 Houston Eleo. St. Ry. December. 1 9 ,6 9 r 17,547
............
............
Inters-.ate
Consol,
oi
25.344
21.4 51
North Attleboro__ December. 1 0 ,6 15
1 2 9 ,« 5
9 ,8 3 7
1 23 860243,354
217,012
fla gs noa City Ry..... December.
5 4 ,9 0 9
4 ,6 8
4,554
5 4 ,1 3 3
62,921
75,652 Lehigh Traction ....... December.
9 ,1 5 :
1 0 4 ,1 0
9,654
1 2 0 ,« 8 0
523,217
691,322 L mdonSt. Ry. (Can.). December.
8 ,s 2 6
7 .6 * 5
1 >1,366
94 1 9 5
405,182
541,190 Lowell Law. <s H av.. December. 3 2.881 29 0
4 40, 2 > 4 0 8 ,9 2 7
641,0 >9
533,282 vletrop.(Kansas City) 3d wkJan. 3 4 ,1 1 5 ¿9 ,8 3 1 1 0 0 ,3 4 8
8 7 ,7 1 8 6,0 »8 0 ’ 3 5.425,975 Metro. W. Side (Chic.) De ember. 1 05 ,42 0 3,501,084 3,299,35i
4,95»
ontgomery St. Ry.. Deoember.
4 ,6 9
54.9 1 »
5 7 .2 9 L
ontreal S .reet Ry... December. 113,12 103 1 6 1 ,3 6 ),9 0 2 1 ,2 7 5 ,9 1 2
Nassau
Eleo.
(B’
fciym
1
4
0
.9
5
Deoember.
»1
7
.9
9
1
,9
0
5
,
>53
l,»
6
l 133
88,286
77,541
5 ,L V
8 3 ,2 9
5 ,8 8 i
8 > 6 91
210,2)9
209, m2 NewburgU Eleotrio... Deoe nber.
3
,0
‘
New Loadon St. Ry.. Deoember.
3. (1
5 3 . 87
5 3.4 2 8
300,071
291,630
Orleans Traotio« December. 1 0 7 ,9 3 109 9 ¡0 1 ,2 3 7 .2 5 1 ,32 2,825
3.880,297 3.338,307 New
North Shore Traotlou 2d wk Jan. 2 3 , >2 2 L ,2 i
4 3 ,2 4 1
4 5 ,5 6
2,233,109 1,900,739 Ovlensbnrg
1 7 ,5 1 0
St. Ry... December.
2 >,u 9
1,3 ♦
1,342
Paterson Ry . . . . ... Deoember. 2 9 ,6 3 9 2 5 ,1 6 ) 3 4 7 ,0 2 i 3 19,085a Net earnings here given are after deducting taxes,
6,1
?»
Po’
ke
»psle
&
Wapp.F
December.
8
6
.4
0
3
8
6 ,1 3 4
b Netea-ninge ae^e givea are before dedaooing taxes,
Richmond Traotloa.. December. 1 0 ,2 9 4
8 ,0 3 4
t For Deoembe", 1897, taxes and renta s amounted to $127,437, aest. RoOUester
Ry...........
December.
7 9 1 .1 8 1
817 4 1 0
$158,027, anu from July 1 to December 31 $839,344, agst $1,029,871, Rox <’h -;h.H & Nor u Deoember.
4,751
4 ,8 4 8
8 4 828
7 7 ,7 7 7
after deducting which, net for December, 1897, was $98 >,94 3, against Schuylkill Traction.. Septemb’r.
8 52
8 ,4 6
6 ,0 8 6
7 2 ,8 1 6
$734,923. From July 1 to Oeoetnoer 31 net, after deducting taxes and Schuylkill
Val. Trac Deoember.
4 ,1 6
6 0 ,0 9 3
4 .7 2 5
rentals, is $5,388,0±5, against $1,235,784.
Secant m & CarbondV Deoember.
3,3 2
...
NORTHERN PACIFIC.
Scranton <& Pitts to a December.
5 ,8 2 5
July 1 to
Soraaton Railway__ December. 3 8 , *3 1 3 2 ,6 48 3 6,3 26 3 5 3 .4 0 4
Dee., 1897. Dec., 1896. Dec. 31,’97
Syracuse Rap. Tr. Ry Deoember. 4 0 ,1 2 9 3 1,9 68 4 3 3 ,2 7 . 4 ,9 ,0 2 2
Gross earnings..................... ..........$1,7 0,6t>3 $1,455, >45 $ 1 3 ,»7o,66 ' Terre Haute El’o. Rv. Septem >’r. 14,2 59 13,706
1 l , "9 0
1 20,341
Operating expenses........ ........ .
887.965
879,620
6,298,»39 Third Avenue (N.Y.). Deoember.
2 5 >7.6 (3 2 ,6 26 8 9 6
oronto Ry . . .
.... Novemb’ r 8 8 ,6 » 8 74.617 9 5 2,946 8 >3 78L
$575,5 25 $7,077,5 3 Twin City Rap. Tran. December. 181.055 1 71,52 1,986.0 >0 2 ,0 3 9 9 4 3
Net earn in gs.......................... $882,698
45,000
28,507
259,500 Uuion (N. Bedford).. Deoember. 17.5 >5 17,-(97 2 16 ,35 a 22 1,427
Taxes................................................
United Tract. (Pitts.) December. 127 oO l 119,-28
Net operating income . . . . . . . . $837,698
$517.018 $6, i l *,0 23 United Tract. ( Prov.; Deoember. 149,076 142,216 1 ,7 3 1 ,2 1 0 1 ,7 2 3 ,4 5 0
83,815
4 ),8->2
MisoeL. income,not iuol. »and. sales.
125,-96
Unit. Trac. (Reading) Deoember. 1 4 , U 8 13.1 07 1 9 4 ,o l ’ 1 89 ,4 >4
W tketleld & Stone__ Deoember.
3 ,9 1 7
3 .6 V2
5 9 ,3 40
5 « , 8 60
$921,513
$592,820 $3,943,1 »9 Wateronry Traction.. December. 2 4,272 2 1 ,7 7 0 2 5 8 .6 1 » 2 12 6 74
Total net income.
West Chicago St. Ry Wk Jan. 23 6 7 ,6 2 6 1 ,7 0 > 2 2 1 ,0 0 0 2 0 7,3 0 3
15 » ,1 1 4 1 5 3 ,0 1 6
I n t e r e s t C h a rg e s a n d S u r p lu s .— T h e fo llo w in g r o a d s , iD Wheeling Railway... Novemb’ r. 14,4 36 L2.781
Wtlkesb. <fe Wv. Valiev Novemb’r J 4 2 .2 3 6 4 1 ,2 4 7 447 Ì0 5 4 4 6 1 ,9 6 2
a d d itio n to th e ir gross an d net ea rn in g s g iv e a in th e fore*
* Includes Baltimore Traction and. City <&Suburban for both years.
g o in g , also rep >rt oh arges f >r in terest, & o ., w ith th e surplu s
o r d e d o it a b o v e or b e lo w th ose oh arges.
S tre e t R a ilw a y N et E a rn in g « .— T he fo llo w in g ta b le g iv e s
.-----Ini. Rentals, <£c. — » i—Bal. o f Net Earn’gs.—
th e retu rn s o f S t r e e t ra ilw a y gross a n d a e oea rn ia g s re o e ive d
1897.
1896.
1897.
1896.
Roads.
$
$
$
$
this w eek, l a re p o rtin g th ese n et ea rn in g s fo r th e street rail*
899.000
876,202
Ohio. Burl.dc Qutnoy.Deo.
493,173
4 7 ',6 4 3 w ays, we a d o p t th e s tm e p an as t h i t f »r th e stea m r o td s —
July 1 to Dee. 31. .... 5.340.000 5,257,211 4,345,919 2,786,36
chat is, w e p ria t eaoh w eek all th e retu rn s reoeive d th a t
251,403
24 r,775
62,930
Olev.Otu. 1h.-fest. L .Deo.
9 i,3 3
243,446
J uly 1 to Deo. 3 l....... 1,453,919 1,422,605
255,53 t w eek, b u t o n ce a m >nth (o n th e th ird or th e fo u r t h S a tu rd a y )
36.802
36,802
17.172
10.726 we brin g to g e th e r all t ie r o a is fu r lish in g retu rn s, and the
Peoria3c Eastern..Deo.
220,810
220.810
22.569 def.40,9 33 latest sta tem en t o f th is k ia d w ill be f m a d in 'h e C h r o n ic l e
July ( to Deo. 31. .. .
Long Island RR ... Deo.
101,968
98,423 *df.37,59l *df.63,54K >f J a n u a ry 22, 1898. T he n e x t w ill appear in th e issue o f
July 1 to Deo. 31.......
615,755
619,972 *401,803 *311,646 F eb ru a ry 19, 1898.
Long Island RR.Sys.Deo.
113,022
10 >,224 *df.52,291 *df.8 2,930
r— Gross Earnings. — , /—Net Earnings.-------»
July l to Deo 31. .. .
684,846
687,188 „*446, i01 *339,311
1897.
1896.
1897.
1896.
Roads.
$
Philadelphia & Reading—
$
$
$
Atlanta
Railway.......Deo.
6.624
6,117
>,241
1,065745.000
..
All companies........Deo.
234,959
Jan. 1 to Deo. 31.......
89.16L
86,082
19 9 24
20 513
July l to Deo. 31. . . . 4.470.000
............ 2,092, L67
13,719
12,432
7,711
6,431
Rio Grande South....Deo.
14,140
14,107
1.2JS Biugh union St. Ry.. Deo.
5,465
July 1 to Deo. 31.......
34,840
84,610
22,317 Charleston City Ry..Dao.
1,579
13,549
9,562
5,749
July 1 to D jo. 31.......
84,351
37,628
After allowing for other Income reoeived.
Citizens’ St. Ry., Munoie (Ind.)—
Jan. 1 to Deo. 3 1 .....
57,546
61,479
24,462
28,378
S T R E E T R A IL W A Y S AN D T R A C T IO N C O M P A N IE S .
Cleveland Eleotrio...Deo.
146,435
135 572
62,636
42 899
Jan. 1 to Deo. 31. . . . 1,632, >20 1,634,842
593, >75
553.861
T h e fo llo w in g ta b le sh ow s th e grots e a rn in g s fo r th e latest
266,152
239,280
132,360
109,419p eriod o f a ll s t r e e t ra ilw a ys fr o m w h ioh w e are a b le to o b Consol. Tract’ a. N. J.Deo.
July 1 to Deo. 31. .. . 1,596,136 1,477.275
839,319
737,498
ta in w eek ly o r m o n th ly retu rn s. T h e a rra n g e m e n t o f th e
64,995
57,897
Denver
Con.
Tramw..Deo.
31,582
25,807
ta b le is th e sam e as th a t fo r th e stea m r o a d s —th a t is, th e
Jan. 1 to Deo. 31__ _
723,368
724,511
291,310
281,771
first t w o c o lu m n s o f figures g iv e th e g ross ea rn in g s fo r th e Detroit Citlzeas’ 8t. Ry. Deo. 99,365
90.203
51,270
41 690
a test w eek o r m o n th , a a d th e last t w o o o lu m n s th e ea rn in g s
Jan. 1 to Deo. 31. . . . 1,102,250 1,04 >,515
536,902
437,739
o r th e ca le n d a r year fr o m J a n u a ry 1 t o a n d in c lu d in g su ch Detroit Eleotrio Ry.. Deo.
35,925
3 4,842
13,639
13,260
Jan. 1 to Deo 31.......
391,213
423,069
128,441
138,029
a test w eek o r m o n th .
Herkimer Mohawk Ilion
STREET RAILWAYS AND TRACTION COMPANIES.
& Frank. Ete j. Ry.. Deo.
3,49 :
3,765
1,751
1,936
Jan. 1 to Goo 31......
39,571
42,604
18,224
20,533Latest Gross Earnings.
Jan. 1 to Latest Date.
Inter-State
Consol.
8treet
G ro ss
Ry. (No. Attleb.)...Dao,
10,645
9,837
1,517
1,543
E a r n in g s .
Week or Mo 1897-8. 1896-7. 1897-8,
1896-7.
i Jan. 1 to Deo. 31.......
129,651
123,860
26,397
2 7,308
Akron Bedf’d & Clev. December.
Amsterdam St R y... Novemb’r.
Atlanta Railway ... December.
At Laptlo Coast Eleo.. O ctober...
Atl. Highl’ds Red B’k
& Lo eg Br. Eleo.Ry. Novemb’r.
Baltimore Con. Rv,*... Deoember.
Bath St. Ry. (Maine). December.
Bay Cities Consol.... Deoember.
Binghamton St. Ry... Deoember.
Bridgeport Traction. Deoember.
Brockton Con. Sc. Ry. December.
Br’ kly n Rap. Tr. Co.—
Brooklyn Heights)
B ’klyn t^’ns<ft Sub. $ December.
Buttalo Railway..__ Septemb’r.
Calumet Electric....... December.
Charleston City.Ry.. December.
Citizens’ St.Ry ,lhdp. Deoember.
Oitiz‘ns’ (MnnoieInd,) Deoember.
City Eleo. (R-mie.Ga.) Deoember.
Cleveland Eleotrio... Deoember.
Clove. Painsv <fc E. Deoember.
Coiambus 8t Ry. (O.) Deoember.
$
6,985
4,517
6,624
7,721
$
6,578
3,927
6,417
6,282
$
101,321
45.278
89,161
............
2,863
38,582
2,103
188.033 179,675 2,324,476
1,576
1,424
20,405
7,314
7,07 «
13,719 12,432
2 7,632 2 »,934 321.446
26,903 17,3a6 341,832
446,799 432.750 5,383,762
1,017,129
14.892
9,562
13,549
87,650 77,378
5,687 4,253
61,479
1,699
>.791
2»,018
146 485 135,572 1,632,020
7,13d
6,052
8 ’ ,533
55.496 62,1 U 608.901
London St.Ry.(')an.).DdC.
8,626
7,635
3,531
2,599
Jan. 1 to Deo. 3 1 ,....
101,366
94,195
4 3,945
40,021
Newbnrg Eleo.St. Ry.Deo.
5,884
5,150
1,796
1 ,0 )0
Jan. 1 to Deo. 31.......
83,229
35.264
35,495
85,691
J uly 1 to Deo. 31, ...
46.816
22,863
22.792
49,306
New Orleans Tract . Deo.
36,951
107,9 »6
109,930
45,40)
Jaa. 1 to Deo. 31. . . . 1,237,351 1,322,825
399,870
565,764
2,260,186 Paterson Railway...Deo.
9,924
23.689
11,012
25,365
20,44 4
Jan. 1 to Deo. 3 1 ,....
128,556
347,023
319,065
159,318
Rochester Railway—
Oot. 1 to Deo. 31.......
52,165
201,233
82.223
195,067
320,817
Jan. 1 to Deo. 31.......
253, 34
296,b74
791,181
847,440
311,298
96,347
Twin City Rapid Tr..Deo.
184,055
104,223
171,523
Jan. 1 to Dec. 3 i ....... 1,966,05 3 2,039,913
5,277,256
1,028,547
I n t e r e s t C h a rg es a n d S u r p l u s — fh e fo llo w in g S t r e e t
ra ilw a ys, in a d d itio n t o th e ir gross a n d net ea rn in g s g iv e a in
th e fo r e g o in g , also re p o rt oh a rges fo r ia terest, & o ., w ith th e
57,546 surplus or d e ficit a b o v e o r b e lo w ta o s e oh arges.
20,5z4
—int., rentals, etc.-— »/—Bat. of Net Earn’s.—.
1,634,842
1897.
1896.
1897.
1896.
Roads.
$
$
$
>«y,S*0t4
629.489 Atlanta Railway...... Deo.
1,2501,250 ..... def .Bi*' 5of,185
$
97,272
45 194
86,083
232
THE CHRONICLE.
Roads.
Charleston City R y .. Dec.
J uly 1 to Deo. A) .......
Denver Oon.Tramw..Deo.
Jan. 1 to Deo. 31. .. .
Paterson Railway__ Deo.
Jan. 1 to Deo. 31.......
—Int., rentals, etc.—
1897.
1896.
$
*3.510
20,624
18 495
17,828
220,864
214,161
9.000
9.012
109,555
106,684
-Bal. o f net earns.—
r
,
„
.
1897.
1896.
1895.
189«
1897.
Less accounts payable, ms.:
$
$
$
*
Past due div’ds,interest & rentals...... 175,412
150,563
147,763
2,239
D. L. & W. div. payable in January__ 458,500
458,500
458,500
17,004
Rentals payable after Jan. 1............... 1,670,138 1,664,175 1,664,139
492,20 1
447,489
7,979 State taxes payable after Jan. 1 ........ 513,075
13.087
December
pay-rolls payable in J a n ... 906 652
825.546
878,343
67,610
70,446
............
107,074
139,741
139,741
Bonds
and
m
ortga
ges...........
912 Vouchers due and pay. after Jan. 1 ...2,9-5,229 2,665,156 2,0-0,189
2,042
21,872 Sundry railroad accounts.....................2,241,147 3,240,000 2,023,753
40,763
Total................................................. *9,027,228 9,635,883 7,839,916
Balance of accounts payable............ 799,990 1,468,908
............
Balance of accounts receivable........ ..................
............
201,343
ANNUAL REPORTS.
Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
co mpanies which have been published since the last editions
o f the I nvestors ’ a n d S t r ee t R a i l w a y S u p p le m e n t s .
This index does not include reports in to day’s C h r o n ic l e .
R a i l r o a d a n d M is c e l . C o ’ s
S t r e e t R a i l w a y s — (Oort.)
"Volume 66—
Page.
Volumes 65 and 6 6 —
Page.
L ehigh Valley
............. 158,181, J8H Hartford & W est H artford........... lo«9
W ilm ington Columbia & Augusta. 181 Hest. Mantua & Fairm’t (Phil.).. .1 3 1
Lake St. Elevated (<’ hiC9go)........ 1 3 1
St r e i-t R a i l w a y s .
Lowell Lawrence A H avernlll__ 1022
Full face figures indicate V. 66. Lowell
& suburban..........................1022
Volumes 65 and 66—
Brockton Street................................ 1022
Brooklyn Rapid Transit.................. 1218
Chicago City K y............................... 1 8 2
Globe St. (Pall R iv er)......................1022
H artford Street R y......................... 1069
Hart. Manches’r & R ocky’e Tram. 1069
Lynn & Boston ......................... 1171
North Chicago Street......................1 8 ‘*
Northwestern Elevated.................I ?S9
Springfield (Mass.) St. R y............... 1022
W est Chicago Street....................... 1 8 A
..1021
W est End St. R y ..............
W orcester Consolidated St. R v ....l0 2 2
Delaware & Hudson Canal Company.
( For the yexr ending Dec. 31,1897. J
The preliminary statement for the late fiscal year shows
1897.
1896.
1895.
$
$
$
Receipts from coal___ 7,709,441 7,778,225 7,864,152
Receipts from railro’ds 10,061,167 10,201,633 10,129,082
Miscellaneous..............
589,4 42
566,584 i 1,321,157
1894.
$
7,8*4,152
9,448.993
755,074
Total gross eamin’s. 18,360,051 18,546,443 18.819,618 18.068,21-*
Operating expenses... 13,085,661 13,693,799 13,376,733 12,5 ¿9,547
Net earnings............. 5,274.389
Interest,taxes & rents. 3.13 ¿,968
4,852,643
3,087,631
[ V o l . LX VI,
5,442,886
3,078,492
5,338,672
3,319,959
*Of which $3,300,504 has been paid since close of year.
—V. 65, p. 976.
W estern Maryland R ailroad Co.
( Deport for year ended September 30,1897. J
President J. M. Hood says in part:
Genet al Results.—W hile traffic was comparatively light for
the first eight months and unfavorably influenced the show
ing for the year, there was a gratifying improvement during
the last four months, which still continues. The increase,
however, of $14,395 in net earnings is largely doe to the prac
tice of rigid economy in all branches of the service. Of the
net earnings there was expended for construction $15,541,
for equipment $27,881, for betterments $7,6 3, a total of
$51,027. Since the close of the year the motive power has
been increased by the addition of six consolidation freight
engines, which were much needed.
Trackage Agreement.—Since Feb. 22, 1897, the Philadelphia
& Reading Railway Go. has been running its passenger trains
to and from Chambersburg, using twelve miles of this com
pany’s Baltimore & Cumberland Valley line, which arrange
ment affords the people of Chambersburg a competitive line
between that point and the Eastern cities.
New Freight Line.—On May 16 a new fast , freight line was
established in connection with this road, known as the Blue
Ridge Despatch. It has afforded this city a new western and
southwestern line and is commanding a very satisfactory and
steadily increasing business.
Refunding.—As to possible refunding, the report says :
The third and fourth 6 per cent mortgages, aggregating $1,875,000,
on which the city is paying interest, will soon mature, when an annual
saving of $46,876 can he effeoted by applying the proceeds of an equal
amount of 3*2 per cent oity stock. The necessary authority for this
sur. a91,421 def.684,988 def.85,606 sur.31,213 should be obtaiued by the company and city at the coming session of
B alance......... ....
—V 65. p.194.
the Legislature. The third mortgage is for $875,000, with bonds in
dorsed >y the city, while in the other case no bonds were issued, the
city taking an indemnifying mortgage for *1,000,000 and loaning the
D e la w a r e L a c k a w a n n a & W e s te rn R a ilr o a d .
company $1,000,000 of its stock. The bonds mature Jan. 1,1900, and
the stock Jan. 1,1902.
( Report for the year ending Dec. 31,1897.J
During the year the company has paid interest on $6,320,089 20 of
main andb anoh line obligations, the third and fourth mortgages
T h e an n u a l re p o rt o f th is co m p a n y con sists o f a b r ie f in being the only ones upon which the eity is now paying. Certainly by
c o m e a cco u n t a n d b a la n ce sheet, issu ed in c ir c u la r fo r m , and the time the interest can be reduced the company will be able to as
th e statem en ts o f ea rn in gs and expenses, th e in co m e a ccou n t sume it, and thus entirely relieve the oity from further payments on
a n d th e gen era l balance, f o r fo u r yea rs past, h av e been c o m the company’s account.
Statistics.—Earnings and expenses of the Western Mary
p ile d fo r th e C h r o n ic l e as b elow .
2,141,421
1,750,000
Dividends.....................
1,765,012
2,450,000
2,3H4,394
2,450,000
2,218,713
2,187,500
EARNINGS AND EXPENSES.
1897.
1896.
1895.
1894.
$
$
$
$
Gross rcpts., all s’rces..43,975,399 44,206,352 44,201,909 43,058,862
Operating exps., better
ments, equip, etc........36,658,860 37,475,373 37,441,009 36,009,195
Net re ce ip ts.................. 7,316,539 6,730,979 6,760,900 7,049,667
INCOME ACCOUNT,
1897.
1896.
1895.
1894.
$
$
$
$
Net receipts..................... 7,316,539 6,730.979 6,760,900 7,049 667
Interest and rentals....... 5,406,239 5,406,239 5,406,239 5,412|322
Balance, surplus...... 1,910,300
Dividends (7 p. c.).......... 1,834,000
1,324.740 1,354.661 1 6 3 7 3 4 5
1,834,000 1,834,000 1,834,000
Sur. or def.afterdiv.
sr.76,300 df.509,260 di.479,339 ¿096^ 655
GENERAL BALANCE SHEET DEC. 31.
Assets—
1897.
1896.
1895.
1894
Construction a cco u n t....33.742,817 33,742,817 33,742,817 33 742 817
Stocks and bonds, cost... 9,904,137 10,373,602 10,418,039 10 423V39
Net oash and current ac’
counts receivable........
................................
201,343 1,248 662
Materials, fuel, &o.......... 1,734,013 1,857,166 2,231,223 1,658,244
Total.............................45,380,967 45,973,585 46,593,422 47,072 762
Liabilities—
Stock..............
26,200,000 26,200,000 26,200,000 26,200 000
Funded d e b t,.................. 3,067,000 3,067,000 3,067,000 3,067 000
Net cash and current ac
counts payable.................................
799,990 1,468,908
Surplus account.............. 15,313,977 15,237,677 17,326,422 17,805',762
Total liabilities.4 5,380,967 45,973,585 46,593,422 47,072,762
T h e re p o rt s h o w s th a t 7-29 p er cen t w as earned on th e stock
in 1897, a ga in st 5-05 p e r cen t in 1890, 5-17 in 1895, 6 24 in
1894, 11 04 in 1893, 9 98 in 1892, 9*21 in 1891, 10 in 1890 and
8 ’20 in 1889.
T h e sta tem en t o f item s on b o th sides o f th e a cco u n t w h ich
g o to m a k e u p th e a b o v e “ n et cash a nd cu rren t a c c o u n t s ”
is as f o l l o w s :
.
....
. .,
. „
1897.
1896.
1895.
Accounts receivable as f o l l o w s $
$
«
Cash on hand..........................................1,017,624 1,156,587
914,306
Coal ou hand (less than market value).2,205,705 2,40.*,923 1,852 2 39
Advances to leased r o a d s .................. 1,102,334
;}'5,5*4
974’a is
Ad van ces on coal to be delivered, &e.l ,564,703 1,566,230 1,673’ 936
Coal bills and sundry accounts du e...1,706,3¿1 1,616,604 l!359*422
Sundry accounts receivable................ 630,550
422,097 1,266A38
T o t a l . . . .. . . ................ . .....................8,227,237 8,166,976 8,041,259
land System (including Western Maryland Poiomac Valley,
Baltimore & Harrisburg and B altim ore* Cumberland) were:
WESTERN M ARYLAND RR. SYSTEM.
1896-97.
1895-96.
Earnings—
$
$
Passengers.......................... 329,536
334,834
Freight................................ ' 791,118
798,676
M ilk ....................................
32,829
33,455
9 7,755
98,725
Mail, express, eto...............
1894-95.
$
337,042
812,060
32,536
96,223
1893 94.
$
358,747
714,440
33,319
96,668
Total gross earnings... 1,251,239 1,265,690 1,277,862 1,203,174
Expenses—
Transportation...............
471,901
486,237
465,395
449,202
Maintenance of way, e tc.. 143,922
141,263
151,619
148,059
Maintenance of equip....... 116,960
133,190
119,860
107,927
Miscellaneous and taxes.. 107,436
105,949
101,954
107,251
Total............................... 840,219
Balance ............
411,020
Per cent of op. exp. to earn. (65 20)
Add div’d on B. & H. stock.
32,953
866,639
399,051
(66-8)
Total.............................. 443,973
Deduct—
Interest on funded debt... 175,799
Rental of leased lines........ 102,983
Betterments, eto.
7,604
Terminal charges..............
26,-61
Ground rents...................
1,757
Miscellaneous....................
7,525
D ividendonB.& H . stocks
35,941
Credit bal. to profit & loss..
85,500
399,051
439,055
390,735
171,817
101,963
14,427
26,741
1,716
7,000
1,520
73,866
158,363
97,257
14,195
25,241
1,401
231,480
77,423
15,168
25,736
1,320
1,356
141,223
1,445
38,162
443,970
399,051
439,035
390,735
Total..............................
838,827
439,035
(64-2)
812,439
390,735
(65-2)
WESTERN MARYLAND RAILROAD COMPANY— GENERAL BALANCE SHEET
SEPTEMBER 30, 1897.
Cost o f road..........$4,397,070
Equipm ent......... 1,155,336
Hillen Station property
200,000
W. M. RR. Terminal Co.
p r o p e rty .........
178,854
Securities owned. 1,523,350
Sinking funds....
302,487
Material on hand.........
47,615
Cash on hand......
15,477
Profit and loss....
386,229
Common stock.............. $684,950
Preferred stock.............
324.000
Mortgage bonds............ 3,801,000
Baltimore loan, 4 p. ot.
684.000
Funded certificates, 6%
226,530
Unfunded coupons held
by Baltimore.............
71,742
Hillen Station property
200.000
Terminal Co. property.
165,728
Securities owned (see
contra............. . .......... 1,282,750
Bills payable................
298,723
Balance current accts.
410,425
Accrued interest on
28,489
bauds (not d u e )......,
28,082
Aco’d rentals (net due).
Total........................$8,206,419
$8)206,419
N ote.—Interest assumed tty Baltimore Oity not included in above
exhibit.
THE CHRONICLE
J a n u a r y 29, 1898.j
BALTIMORE
<fc HARRISBURG R A IL W A Y COMPANY— GENERAL BALANCE
SHEET SEPTEMBER 30. 1897.
Cost o f road, &c...$1,417,347
Bonds on hand......
12,<>00
Sundry b’ds, <fco., owned
58,314
Balance of current ac
counts.................
122,271
Material on hand...........
8,847
15,985
Cash on hand........ „......
Common stock............... $690,900
Preferred stock, 5 p. o..
29,l<'0
570,000
B tlto. & Har. 1st M ___
Balto. & Har. 1st M __
120,000
Bundry b’ds (see contra)
58,314
Accrued int. (notdue)..
13,425
Profit and loss...............
153,026
T o ta l............................$1,634,765
—V. 64, p. 178.
T ota l............................ $1,631,765
cotton and fertilizers. The first quarter of the opening year reflected
the prosperity of tbe closing year, but the prospects ahead are far
from satisfactory. The low price of cotton this fall means less fertil
izers and less merchandise. Passenger business over your road is not
profitable, the ea rnings for the past year not having been enough to
pay the cost of operating the passenger trains.
All of your passenger cars are equipped with air-brakes and auto
matic couplers, and practically all of your freight oars are equipped
with automatic couplers and 53 per oent with air-brakes.
Earnings, expenses, interest on bonds and dividends paid
have been as follows:
Norfolk
Man.
Flor-
Wil. dk
Oher. (6
(Ê Oar.
<£Aug.
ence. Sum’ it’n. Dari.
P hilad elp h ia W ilm ington & B altim ore R ailroad.
Earnings —
$
$
$
$
$
Freight.......................
( Report for the year ending Oct. 31, 1897.J
142,075 114.6’ 8 27,012 114,965
Pa-senger................ ....... 70,714
36,575
2,854
22,733
This road is leased to the Pennsylvania Railroad and its Miscellaneous.......... ....... 97,961 41,814
18,634
23,795
5,658
9,727
operations have been as follows :
1896-97.
1895-96.
1894-95.
1893-94.
Earnings—
*
$
$
$
Freight.................................3.892,093 4,108,110 4,188,932 3,801,208
Passenger............................ 3,970,581 4,010,607 4,07»,913 4,080,159
928,414
Miscellaneous..................... 928,762
874,687
814,^91
Total...............................8,791,436
JEscffCfi/Sôs —
Maintenance o f way. etc.1,329,062
Do
equipm’t. 989,243
Conducting transporiat’ n 3,921,683
Ceneral............................... 164,217
9,047,131 9,142,532 8,695,958
1,327,145 1,297.424
1,156.153 1,101,747
4,049,467 3,960,866 0,349,332
161,243
157,854
Total.....................
6,4^4,205 6,694,008 6.526,891 6,349,332
Net earnings....................... 2,387,231 2,353,123 2,615,642 2,346,626
INCOME ACCOUNT.
1896-97.
1895-96.
$
Net earnings....................... 2,387,231 2,3'3,123
550,927
Other income.......... .......... 459,460
1894-95.
1893-94.
2,615.642 2,346,626
509,169
420,938
T otal..............................2,546,691 2,904,050 3,124,811 2,767,564
Deduct—
255,200
255,200
Interest on bonds............. 255,200
255,200
Inlereston car trusts and
6 ’ ,368
ground rents....................
38,439
68,829
89,973
Rentals................................1,057,815 1,170,600 1,330,067 1,157,162
87,948
Extraordinary expenses.. 197,150
36,102
26,287
184,409
Taxes and miscellaneous . 197,129
175,664
111,399
827,354
827,354
Dividends............................ 827,355
768,258
T o ta l.................................................. 2,573,088 2,587,879 2,683,401
2,418,093
Surplus..................................................... 273,603
316,171441,410
349,471
GENERAL BALANCE SHEET OCTOBER 31, 1897.
Assets.
Liabilities.
Boad and equipment.$15,483,904 Capital s t o c k ..............$11,819.350
Beal estate..................
388.136 B n d s (866 SUPPLEM’T) 5 ,7 3 0 ,0 0 0
Bonds & stocks owned 4,053,395 M o r tg a g e s a n d g r o u n d
rents..........................
164,002
Due from other com
84,265 Pay-rolls & vouchers.
664,205
panies (traffic)..........
Interest ............
64,010
Due from other com
351.363 Dividends.....................
476,101
panies (other acct8.).
277,210 Due controlled BBs...
Due from agents, etc,.
975,795
326.074 Sinking funds.............
Materials on h an d....
692,000
692,000 Profit and loss............. 2,630,225
Sinking funds.
C a sh .“ ......................... 1,606,390
Total assets.............. $23,262,688
—Y. 64, p. 1000.
Total liabilities........$23,262,688
T o t a l.................. .......558,053 202,523 175,068 35,524 147,425
Expenses—
Maintenance of way, &c. 88,378
47,723
13 735]
Í 33.778
Do
equipment. 53,432
15,114
15,511 (
7,737
Transportation........ .......185,582
68,777 44,550 j
46,022
General and taxes .. ....... 39,136
22,600
9,233 J
1 11,390
Total.................. . .......366,528
Net earnings.............
Deduct—
Interest on bonds... ....... 86,455
Dividends..................
154,214
48,309
72,’400
83,029 20,820
92,039 14,704
98,927
48,498
27,300
63,630
80,800
12,000
5,000
4,500
Total................... .......176,455
72,400
90,930
9,500
42,800
Balance*....................
df.24,091 sr. 1,109 sr.5,204 sr.5,698
* “ Miscellaneous income ” and several sundry items o f disburse
ments are not included here.—V. 65, p. 1170; V. 62, p. 186; V. 64, p. 887.
M ontreal Street R ailw ay Company.
( Report fo r the year ending Sept. 30, 1897. J
President L. J. Forget says:
The company’s business is still increasing satisfactorily;
and it is particularly gratifying to note also that the percent
age of operating expenses exhibits a still-further reduction
upon the already low figure reached last year. The addi
tional power plant referred to in last year’s report has been
installed and is now in full working order. The company
has built during the past year 55 closed motor cars and 25
open motor cars and 2 2 more closed motor cars will be ready
for this winter’s service, and also 60 more open motor cars
for traffic next summer. A ll the property has been thor
oughly maintained throughout the year.
The following tables show the earnings for five years past,
the incomb account for the year 1896 97 and the balance
sheet of Sept. 30, 1897 :
1897.
1896.
.1895,
. 1894.
1893.
$
$
$
$
$
Gross rec’pts. 1,342,368 1,265,898 1,102,778
896,091
750,752
Oper, expen’s. 736,428
710,865
652,812
637,668
5*3,042
P.ot.oar earns.
55 05
56-48
59-20
71-16
7900
Net earnings . 605,939
555.033
449,966
258,423
157,710
Netinc.p.c.cap. 12-41
11 55
10-21
9 69
8-17
Pas’rs car’d.32,047,317 29,896.471 25,877,758 20,569,013 17,177,952
Transfers---- 8,765,903 8,541,530 7,058,670 6,828,653 5,994,113
INCOME ACCOUNT.
Northeastern R ailroad.
Manchester & Augusta RR.
ii
2 I1897.
N orfolk & Carolina RR.
Cheraw & Darlington RR.
Income over and above expenses and fixed
oharges for year, excl. of divid’s ana bonus..$507,856
( Reports fo r year 1896-97.J
Dividends 8 per oent............................................. $ ,26,667
These companies belong to the Atlantic Coast Line system. Bonus 1 per cent................................ .................. 41,667
Transferred to surplus account.......................... 139,523
The report of Northeastern R R . of South Carolina says:
It has been necessary to expend very large sums for renewals and
additions in the past five years. During the closing fiscal year 45
miles of seventy-pound steel rails were purchased at $17 per ton, and
at this writing [Nov. 1,1897], the same have been placed in the track.
Your road has now been entirely relaid with seventy pound steel, and
ballast is still being brought from the line of the Cheraw & Darlington
BR. Expensive terminals, small local business, roadbed costing far
above the average to maintain, long trestles and short life of crossties
make a constant struggle to earn sufficient net to pay the stockhold
ers a fair return upon their money.
It was not possible to follow the usual method of roads composing
the Atlantic Coast Line and to charge the renewal of rails to operat
ing expenses. The difference between the cost of the new rails bought
and the old rails sold will be about $55,000 for the year.—[The earn
ings of this company were in the C h r o n i c l e , V. 65, p. 1170],
The report of the Norfolk & Carolina R R. says :
The result of the year’s operation has been quite satisfactory. There
has been a gross inorease in income of $65,642, a net increase of
$18,851, and your company has been able to charge to operating e x
penses $45,297 for additional equipment and permanent im prove
ments of roadway, to pay all interest on bonds, a dividend of 6 per
oent, and have a - mall balance remaining in bank.
The tonnage passing over your road is so large that, in the near
future, the titty-six pound rails n ow in the track will have to be re
placed, and I should advise to replace them with eighty-pound
rails. The change made on Nov. 1,1896, from handling your business
a t Portsmouth to handling it over your own terminals at Pinner’s
Point, has proven most satisfactory. All of \our passenger cars are
equipped with air-brakes and automatic couplers, and practically all
or your freight oars are equipped with automatic couplers and fiftyfive per cent with air-brakes.
The report of the Manchester & Augusta RR. says:
1896.
$462,107
$320,000
40,000
102,107
Total................................................. .................$507,856
$462,107
FINANCIAL STATEMENT SEPTEMBER 30, 1897.
Assets.
Liabilities.
Boad and equipment. ..$4,716,627 Capital stock................. $4,500,000
Beal estate & buildings 1,176,459 B onds.............................
973,333
41,777 Mortgages.....................
Stores.............................
5,221
Acoounts receivable...
13,707 Accounts and w ages...
104,366
Suspense accounts.......
2,005 Interest on bonds........
5,170
Cash...............................
204,745 Tax on car earnings___
56,968
54,850 Employes’ securities...
Balance of call.............
3,931
Unclaimed dividends..
2,062
Unredeemed tickets___
16,536
208,333
Dividend and bonus___
Surplus..........................
334,247
T otal............. ............. $3^210,171
[The recent inorease in the d
page 1 8 4 .—V . 66, p . 1 8 4 .—E d .1
Total............................$6,210,171
was mentioned last week on
Lehigh T raction Company, Hazleton, Pa.
fR eport fo r the year ending Dee. 31,1897. J
The statement for the year is as follows :
1897,
Passengers carried.............................................2,3 ^0,103
Mileage.................................................................. 563,168
Gross earnings.............................................
$109,101
Operating expenses—
Maintenance of way and equipment.............. $12,010
Cost of transportation, etc................................
46,475
—■
A
Net earnings.................................................. $50,615
Other earnings......................................................
517
1896.
2,620,847
675,119
$120,881
$15,499
48,834
$56,546
The year’ s business shows a gratifyiug inorease, particularly in net
3,684
This is due about equallv to increased gross earnings and to decreased
expenses. The net earnings are still not equal to the fixed oharges, and
Totalnet.........................
51,132
$60,231
your company is indebted to the conservative action of the Atlantio Interest and taxes.................
37,061
3 2 ,2 5 9
Coast Line Company in advancing about $100,000 to take care of the
coupons. It is believed that in the near future the road will be self- Balanoe, surplus.................................................. $14,071
$27,972
sustaining.
BALANCE SHEET JAN. 1, 1898.
Owing to the very low price of cotton this fall the opening year is
Liabilities,
not as full of promise as that ju st closed, as the farmers will have less
money with which to buy merchandise and fertilizers. All of your ;Franchises..................... $1,000,000 Capital stock.................$1 ,000,000
30,000 B ouds...........................
passenger oars are equipped with air brakes and automatic couplers, Bonds—not issued........
500.000
1 0 ,3 5 5 Bonds—oar barn & park
and all Of your freight cars are equipped with automatic couplers and C a s h ....................................
115.000
Investm’ts—HazelPark
1,185 Bills payable............. .
77 per cent with air brakes.
124,843
Const, and equipment..
773,220 Accounts.................
8,743
The report of the Cheraw & Darlington R R. says :
Accounts, &o........... .
10,804 Profit and loss account
76,979
The closing year has been one o f improvement. The good crop of
Total assets.............$1,825,565
cotton and the fair price obtained by the planter is evidenced in the
Total liabilities.....$1,825,565
noreased tonnage and increased freight reoeipts, due principally • —V . 6 4 , p . 2 3 2 .
THE CHRONICLE,
2M
Am erican D istrict Telegraph Company o f New York.
( Report for the year ending Dec. 31, 1897. J
The earnings, etc., have been compiled for the C h r o n ic l e
as follow s:
..
Previous surplus.
R a il r o a d s
1895.
$554,957
474, »22
.(2%) 76,882
$80,635
$57.182
(1%) 38,441 (3%) 1 5,323
..def. $1,695
54,713
sur. $18,741
35,972
def. $31,6870,660
$54,713
1,435
69
30,151
1,031
2,426,792
4,457,005
17,319,020
$35,972
1,416
69
30,308
1,030
2.306.302
4,582,385
6,457,346
..
Miles w ire....
Offices.......... .
Instruments.
Messengers .
1896.
$545,840
488,658
$53,018
1,038
.. 2,521,935
.. 4,507,537
.. 8,262,219
l x v i.
facts of this nature appearing since the publication of the last
issues of the I nvestors’ and the Street R ailw ay Supple
ments may be readily found by means of the following index.
This index does not include macter in to-day’s C hronicle,
EARNINGS, EXPENSES AND CHARGES.
1897.
$548,128
[V o l .
and
Yd me 66—
M is c e l . C o .’ s .
Pag*.
S t r e e t R a i l w a y s — ( Con.)
Toluenes 65 and 66—
Page.
Brunswick Light & W ater.......sale. 18« Boston Kiev. . ........ "> s t End/ease. 12 ?3:
Central Washin rton RR
. .s >ld. 183 Brook. & Brighton Beach ...recur 1 8ifr
Col. & Hock. ■'.& l .. ,cv.n>char<ied. 183 Brooklyn Cable R R .............. re or« HO
Electro-Pneum atic T ransit...com . 183 Brook.Elevated.!*! instal.of as e*s.1H3
Fort Plain & Rich.S r .sale postp'd. 183 Cincinnati u d in c Plane..........»nie H i
Hutchinson & Southern.......... sold. 18* Dallas City St ......................... ..soid.1173
Kankakee W ater C o........ receiver 183
Bnglew urn & Chicago •‘lec.. .reor«. 8 1
Montgomery Light Co ..'.....sold.. 184 Front St. C ible (Seattle).......sol'. 18 3
Natalie Anthracite Coal.......... s-l*. 18» H ann bal (Mu.) S . R y.............s»ld. 3 S
Norfolk & Ocean V iew .................... sale.181Lincoln (Neb.) St. Ry.. .reara. H i, 1 :14
Peoria Dec. & E v ...deposit notice.. 184 Madison (W is.) City R y ........... »old.1071
South Jersey----- .. .. reorg. Ian. 185 Nassau Electric <B’k]yn).rea<yin</. 3 0
W G. H itchcock ,% Co.vl.operativ . 185 N. J. Electric ( Paterson)..receiver. 117A
Zanesville Terminal tty...receiver. 185 Paterson Central E lec__ nceive». 1 3 5
Rockaway Village R R ............. sale. H 3
St r e e t R a i l w a y s .
case. 1025
Full face figures indicate Y. 66. TerredoH aute Elec...recur.-hip.
....... default.t, 1 8 5 Volumes 65 and 66—
Akron St. Ry. & Ill’g
receiver«. 1 3 ‘A
A kron (0 .) Gas.—$300,000 Bonds Offered.—This company's'
first mortgage 5 per cent gold bonds are offered by Mason, Lewis & Co. at
an i interest. These bonds are
W estern Stone Company (Chicago, 111.)
dated Oct. 1, 1^97, and are due Oct. 1 , 1947, but are subject
(R eport fo r year'ending Dec. SI, 1897. J
to call at 1< 23^ on Oct. 1, 1907, and if not so called are to be
redeemed by lot for the sinking fund, $10.000 yearly, beginPresident Martin B. Madden said :
at
Tbe issue •is limited to $400,000,
The building traces and their kindred branches have suffered severely ni n g i9°u‘
during the year 1897. Few buildings of Importance have been erected of which $350,0 0 outstanding. The company's outstanding
Prices have been low w than at any time in twenty-live years. Re capital stock is $2 0 000 common and $165 000 preferred. Its
newe ■activity Is already apparent. Our working machinery has been
maintained in its usual high state of perfection. Dividends are sure to net earLmgs in 1^97 were $33,655. see advertisement in an
follow an increased business. The company was never in better con other column.
dition. It does not owe a dollar; it has not borrowed one for the past
American Grocery Co.—Dissolution.—The company has^
three years. It paid off $8,000 of bonds and $10,000 of mortgages in
been ordered diss lived under the statutes of New Jersey and
1897.
the business is being wound up. The lease of the store at
The earnings, balance sheet, etc., were :
Franklin Street and West Broadway has been transferred to >
1897.
1896.
1895.
1894.
Seaver <fc Co., warehousemen, who will use the property for
Receipt*—
$
$
$
$
523,158 642,803 813,200 storage purposes. A large part of the company’s stock has
Disbursementsr—
been sold in accordance with the dissolution proceedings,...
255,869 293,945 414,531
79,330 117,148 138.3 ’ 2 and several of the trade marks of the concern have also been,
•
19,358
13,317
16,27/ disposed of.—V. 65, p. 868 .
76,669
93,592 129,259
Anthracite Coal Roads.—Cool Trust Argument Postponed.
28,360
28,><78 29,39 <
3,360
Mortgage interest..........................
3,960
4,560
5,351 —By the agreement c f counsel with the Court o f Appeals
the argument of the Coal Trust cases was put over until
Total disbursements............... 394,545 463,548 551,440 733,134 March 1 .—V. 65, p. M 3 .
Profit........ .........................
3,729
59,609
91,363
80,066
Surplus forward............................. 93,864 101,754
10,391
B rooklyn Elevated R R .—Foreclosure.—In the foreclosure •
69,675
suits begun Jan. 4 by the Reorganization C' mmittee, a judg
161,363 101,7^4
10,391 ment was obtained this week for $1,312,380 to represent the
Dividends................................. (2%) 45,000
67,500
principal and overdue interest on the second mortgage. The
Balance on h a n d .................. 52,593
93,864 101,754
10,391 first instalment of the assessment is payable on or before
Feb. 7, as announced last week.— V. 66 , p. 183.
BALANCE SHEET DEC. 31.
B rooklyn Rapid Transit.—Cars on the B rid ge.- Cars of
Resources—
1897.
1*9*.
Real estate and b u ildin gs................................$2,218.698
$2 ,218,698 the Graham and Flushing Avenue line began running overTools and machinery..........................................
384,896
885,080 the Brooklyn Bridge at half hour intervals on Monday. The
Horses and wagons............................................
27,017
27,092
Office furniture.......................
3,011
3,011 roadway at the New York entrance is being widened, and
Canal stock.........................................
92,600
92,600 when the work is completed, as it will be in the near future,
89,499
Stone, merchandise and stripping..................
109,564 the bridge trolley tracks will be put in full operation. SevBills and accounts receivable and oash..........
72,185
104,288 eral injunctions are being sougtit to prevent this use of the
_ Totals...............................................................$2,887,910
$2,940,342 bridge, but the street railway companies anticipate no serious
JUiaoUWOHr
7
trouble therefrom.—V. 66 , p. 38.
Capital stock................................
$2,250,000
$2,250,000
Bonded d e b t.....................
526,000
534000 B altim ore & Ohio R R .— Listing o f Certificates o f Deposit
Mortgage debt.. ............
46,000
56000
fo r Consol. Ss.—The certificates of deposit representing the
Accounts payable...................
13,316
6478
consols deposited under the Morgan agreement were listed
Surplus.................................................................
52,594
93.864
this week on the New York Stock Exchange. Authority wasTotals.............................................................$2,887,910
$2,940,342 also given to add to the list from time to time additional cer
tificates when and as issued in exchange for consols up to a
Chicago Telephone Company.
total of $11,988,000, this last being the total amount of said.
(R eport fo r year ending Dec. SI, 1897.)
bonds outstanding, exclusive of those held in the sinking
fund. The application to list quotes from the cicular which *
President John M. Clark, at the annual meeting, said:
The plant of the company in the Chicago Exchange now comprises was cited in the Chronicle of Nov. 6,1897, p. 868 , as to th*
necessity
for asking deposits.
39,961 miles of wire, being an increase of 4,189 miles during the vear
Ol the above, less than 8,300 miles of open wire are now carried on
Purchase o f Coupons.—Speyer & Co. announce that on and*
poles, 23.850 miles being contained in underground cables and 7 315 after Feb. 1 next they will purchase at their face value cou
miles in cables attached to poles. The telephones were used durin"
the year a g eater number of times than ever before, the average num'- pons maturing at that date on bonds of the Baltimore & Ohiober of daily calls being upwards of 210,000. *
8
5 per cent gold loan of 1885, due 1925, which have been de
The underground plant has been increased materially, extensive posited with the firm, and to pay the amount thereof to the
work b. ing done in the down-town district to provide for the w le s
holders of trust receipts issued under the agreement of April
leading to the two new exchanges which are now being established
name'y, in the Title <fc Trust Building, 100 Washington Street and in 10, 1896, for deposited bonds.
the Manhattan Building, 307 Dearborn St-eet a new exchange is
Condition o f Special Funds Oct. 1, 1897.—The receivers re
also to lie established this year a short distance west from the river
In these new exchanges the operai ing apparatus will be of the latest port the amount on hand Oct. 1 of the several special funds
design, by which the subscriber is enabled to control the movements and the amount expended from each fund during the month
of the operator by means of eleotrio-light signals as in the express of October as follows:
—V. 64, p. 327.
system. About one-h .If of the total number of telephones in Chinavo
are now of long-distanoe pattern, operated upon metallio circuits.
The earnings, etc., were as follows :
1897.
1896.
1895.
1894
Gross earnings..........$2,072,079 $1,955,829 $1,759,753 $1 636 964.
Operating expanses., 1,447,386
1,355,624
1,216,914
1,128^388
Net earnings........ $624,693
Dividends paid (12%). 520,380
$600,205
499,224
------Receivers' certificates.-------Series I. Series II. Series III.
(B.<6 O.) ( h. <&O.)
(P. a o.)
Unexpended Oot. 1 ........... $17,533
$106,628 $465,428
Expenditures in O ctober... None
24 081
2^ 098
—V. 66, is. 132,
*-A
tt
$542,839
455,545
$508,576
455,544
Surplus..................
104,313
$100,981
$87,294
53.03C
Cap. stock outstand’g$4,336,500 $4,336,500 $3,796,200 $3,796,200
Telephones operated. 17,689
. __ ...
do Chicago E kc Ii . 14,lo5 abt. 12,905
Miles wire Chic. E x .. 39,961
35,772
.
. _ ^ -
Termina l
Fund.
$ 3 3 2 ,8 8 2
5,6 8 0-
Chase National Bank.—$500.000 New Stock Listed.—The
New York Stock Exchange has listed the new certificates o f
stock o f this batik, to correspond with tho capital increased
from $500,000 to $ 1,00 ',000 . The capital is now $ 1 ,000 ,* 0 0 ;
the surplus, ^$1 .000 ,00 (1 ; the undivided profits amount to
$37,811 30. —V •65, p. 1219:
Chesapeake & Ohio Ry. Co.—Authority to List Consols R e
cently Sold fo r R efu n d in g .-The New York Stock Exchange
has authorized, the placing upon the official list of the
$2,287,000 additional,first con sol/5 per cents recently sold, a s »
from time to time the same shall be issued in exchange for
GENERAL INVESTMENT NEWS.
the purchase money 6 s due July 1, 1898. [See notice given
'' Reorganizations, Etc.'— Latesi Data a s l o Defaults, Reor J>yHarvey Fisk & -Sons. in Chronicle of Jan. 13, p. 1331
gpon ifsuauce 6 f 8aid. $2^87J000.bonds thetotalaikou n t oil
ganization Plans, Payment o f Overdue Coupons, Etc.—A\i list
will be $25,858,000.
'
“
The company has no bonds outstanding. -V. 64, p. 608.
J
anuary
THE CHRONICLE.
29, i»v8.J
Listing o f the $1,917,000 General Mortgage 4 ^ s . —The
general mortgage 4% per cents for $1,917,( 00 recently sold have
been listed on the New York Stock Exchange, making the total
listed to date $23,721,000. The new bonds have been issued
at various intervals since 1894, to reimburse the company for
outlays, as follows: Equipment notes and Alleghany Car
Trust, $424,000; for new property and improvements, $1,4 9 3 ,( 00. The Utter amount has b 9en used in part for the
follow ing purposes: To acquire the Buckingham RR. (here
tofore leased and now acquired free from lien other than the
4W per cent mortgage of the C. Sc O. R y . , at a cash cost of
$¿70,000; to acquire $ 100,000 first mortgage bonds of Kinneconnick Sc Freestone R R ., deposited with the trustee of the
C. & O. 4W per cent mortgage, $100,000 cash; for real estate
and improvement at Richmond to June 30, 1897, $196,254.
The application to the Exchange says: “ For some years
past the company has steadily adopted the policy of charg
ing to operating expenses all miscellaneous construction
items along its line, such as new stations, sidings, water
tanks, ballast, permanent masonry and viaducts, and during
the last two years no additions of any kind have been made
to the construction account, except for the acquisition o f the
Buckingham R R., the Kinneconnick Sc Freestone RR. and
the expenditures made on account of real estate and im
provements made in Richmond. These latter are prepara
tory to the construction of a viaduct through that city. The
company has no ‘ floating debt’ in excess of cash and cur
rent cash items in hand.” —V. 66 , p. 138.
Chicago Great Western.—Earnings, Etc., fo r Half-Year.—
A t the meeting of stockholders in London on Jan. 12 the
Eight Hon. William Lidderdale presented the following ap
proximate statement of earnings for the half-year ending
Dec. 81, 1897 :
sir months
Six months.
1 8 9 6 :::;:::::;
Gross.
# 2 % S 947
2:393,946
Net.
$933,976
642,501
Charges.
668,300
634,462
Surplus.
$265,676
8,0*9
The charges here include all prior charges and fu ll interest
on the debenture stock. The result, he believed, would be
considered highly satisfactory and full of promise.
Capital E xpen d itures.-$1,100,000 # Additional Notes.—
During the year the Finance Committee consented to the
company’s making an issue of another £ 100,000 of five-year
6 per cent notes to provide for the capital expenditures de
scribed by President Stickney in April, 1897. [As to the pre
vious issue see Y. 64, p. 286.—Ed ] The committee also in
December received President Stickney’s estimate of the capi
tal requirements o f the road during the year 1898. These
amount to $1,231,149, less $150,000 from other sources, leav
ing to be provided $1,081,149, which it is proposed to raise
by a further issue of sterling five-year notes for the equiva
lent of $1,100,000. The particulars are as/follow s:
dividends had been given out, would be about $2 ,000 ,000 , an
entirely insufficient reserve, and also entirely inadequate to
meet the claims of which he had given them the list. The
Finance Committee could not view with indifference the ex
istence of the short terminable obligations nor contemplate
any material increase in their amount. The present pro
posal met with the committee’s approval, and they trusted
that the improved earnings would raise the value of the stock
to a point at which it could be used to provide means for the
discharge of the obligations referred to with a considerable
saving in interest. Both the directors and the committee in
tend thus to retire, as soon as can be advantageously done,
all claims having prioritv over the debenture stock. Some
discussion followed, but the resolution was eventually de
clared carried, with one dissentient.—Y. 66 , p. 133.
Chicago R ock Island & Y&cific~Rj.— Refunding P l a n Offer to Holders o f Existing Bonds.—Messrs. Speyer & Co.
offer until Feb. 17, 1898, $25,000,( 00 of the new general mort
gage 4 per cent 90-year gold bonds at the price of 103^ per
cent in exchange for the following existing bonds, the compu
tation to be made as of May 1, viz.:
fa ) For every $1,000 5 per cent first mortgage, extension
and collateral bond, with July 1, 1898, coupon attached, the
holder will receive $l,0i 0 new 4 per cent bond, with July 1
1898, coupon attached, together with a rash payment (at the
time of delivery of the new bond) of $18 83, representing the
difference between 105 per cent and the 103)^ per cent and
the difference in interest between 4 per cent and 5 per cent
per annum from January 1 to May 1.
f b ) For every $1,0 0 0 debenture bond (ex March 1,1898, cou
pon), the holder will receive $1,000 new 4 per cent bond with
July 1, 1898, coupon attached, together with a cash payment
(at the time of delivery of the new bond) of $13 33, represent
ing the difference between 105 per cent and 1033^ per cent,
viz., $15, less the amount due for difference in interest. $1 67.
The Central Trust Co. of New York is prepared to receive
deposits of the above existing bonds for exchange as above
provided, and will issue therefor its receipts.
Description o f New Loan.— R. R. Cable, Esq., President of
the C. R. I. Sc P. makes the following statement in a letter
to Messrs. Speyer Sc Co. under date of Jan. 22, 1898, as to
the new loan and the saving from the refunding of all the
existing bonds:
T o m e e t m a tu r in g o b l i g a t i o n s .. .. ....................... 1’ l Y l T " V .’ oVTA $ 1 1 0 >7 2 6
Lengthening passing tracks and improvement of yards and
station facilities................... - .....................- ............................
Ballasting and miscellaneous improvements..........................
Freight and passenger equipment.............................................
Permanent bridges.......................................................................
New shops......................................................................................
iKnnnn
ioV ’cnn
ona i vs
o^nrinn
250,000
Total................................................................... ....... ............. $1,231,149
The committee believed that the money required to carry
out these improvements would be well spent and would have
an immediate and important effect in producing increased
efficiency and economy of service. .On the other hand, they
were reluctant to approve such an inorease in the amount or
-the company’s short-term obligations unless they saw proper
provision made for meeting them at maturity, which had
not yet been arranged. The Vice-President of the company,
however, M. Oppenheim, subsequently brought the proposals
which were about to be laid before the stockholders at the
extraordinary meeting, and these, if carried, would, in the
committee’s opinion, place the finances of the company on a
safer basis than they had yet occupied. The committee had
therefore assented to the proposals of the President, and to
the issue of notes involved, subject, however, to the condition
that the rate of interest should be 5 per cent, on which terms
he had reason to believe the money could be raised. Previous
issues of these notes bore 6 per cent interest.
Authority to-Increase Debenture Stock from $15,000,000
to $80,000,000.—A t the extraordinary general meeting which
was then held the Chairman said the resolution to increase
the legal limit of issue of the debenture stock had been mis
understood. The stockholders were not asked to authorize
the issue of one single dollar of the stock, and they would not
be deprived in the least degree by the passage of the resolu
tion of the full control over all future issues. The present
terminable obligations of the compnny, for the charges on
which provision had to be made before interest was paid on
the debenture stock, were as follow s:
Sterling 5 per cent loan, flue in 1934, but subject to call f ° r .
redemption, on six months’ notice, at
-- -•- - - v *- •« i * ' 8 ■ 10U
Equipment notes, due $80,000 yearly till 1901, when the
balance ($882,497) falls due........................— :•--• ■*->*■*■'»■L' '
Sterling five-year notes, including the $1,100,000 author
ized, but not yet issued, said notes beginning to mature in
._
1901 and extending over the following three years............ 2,004,040
Total.........................................................................................$6,594,872
Unless all hopes of fa further development of the railway’s
business were t ) be disappointed the stockholders must, in
addition, he said, be prepared for further demands on capital
account. At present the only security which they could
issue was the balance of the present limit of the debenture
stock. ^ This balance, when all the stock issuable for scrip
235
W e have entered into an agreement with you for the sale of about
$52,000,000 of new general mortgage 4 per cent 90-year gold bonds,
to be issued for the purpose o f retiring:
. . .
$10,712,000 5 per cent ttr^t mortgage extension and collateral bonds.
4,500,000 5 per cent debenture bonds.
„
_ „ .
.
5,000,000 7 per cent Chicago & Southwestern Ry. Co. first mortgage
bonds due Nov. 1, lw99.
„'
_ ,
The bonds so sold to you are part of an authorized issue for an ag
gregate principal sum of $100,000,000, dated Jan. 1,18*8, payable
Jan. 1 ,1988; the remainder of the new bonds authorized are to bear
interest at a rate not to exceed 5 per cent per annum, payable semi
annually, Jan. 1 and July 1; both principal and interest being payable
in United States gold coin of the present standard of weight and one
ness, without deduction for any tax or taxes wttloh the railway com
pany may be required to pay or to retain therefrom under any present
or future laws of the United States of America, or of any State, county
or municipality therein. The bonds will be secured by a mortgage
which is satisfactory to your counsel, and will be executed by the
railway company after ratification by the stockholders at a meeting
called for February 15,1898.
■
.
, .
The new mortgage provides that none of the existing bonus shall be
extended at maturity, but that they shall be retired, so that thereafter
the new bonds will be secured by a first mortgage on all the railroad
property and real estate of the company, including its railroad, ter
minals at Chicago and other points, and equipment, and also its leases.
The new bonds, in excess of the amount used to retire the existing
bonds, and the outstanding obligations of such other companies whose
railroads now coimoot with. ana. sliall lioroaftor bo acquired. by consolidation or purchase (the amount for the latter purpose, however,
not to exceed $5,500,000), as authorized in the mortgage, are to bo
issued only for the improvement or extension of or for additions to
the property covered by the mortgage, at a rate not to exceed $l,oou,000 par value per year (except that bonds up to an aggregate amount
of $2,000,000 par value may be issued at the option of the railway
company for the betterment or inorease of the company s properties.)
Upon ratification of the new mortgage, the company intends to ex
ercise its privilege of redemption at 105 per cent and accrued inter-
eSTheS5f per cent first mortgage extension and collateral bonds to be
paid on or before July 1st, 1898.
iror
The 5 per cent debenture bonds to be paid on September 1st, 1898.
Tee surplus income of the company for the fiscal year ending
March 31st, 1897, after deducting rentals, interest, and all other
charges, was $1,443,596. By the proposed plan of refunding the
annual interest charges will be reduced upon the retirement of the 5
per cent first mortgage extension and collateral bonds, the 5 per oent
debenture bonds and the Chicago & Southwestern ^
7J er cent
bonds from $3,321,525 to $2,824,904, an annual saving of W 96.621.
“ The net earnings for the nine months ending Dec. 31st, 1897, (iJe
cember estimated) show an increase of $1,525,198 over the corre
sponding period of 1896.”
The annual saving in interest charges froin the refunding
of all the outstanding bonds, it w ill be observed, is here
placed at $496,621.—Y. 65, p. 1070.
Citizens’ E lectric Light Co. o f Houston, T ex.—Receiver.—
This company has been placed in the hands of Blake Dupree
as receiver, on application of the Massachusetts Loan oc
Trust Co., trustee of a mortgage for $150,000, dated Sept. 1,
1890, interest on which has been in default since bept. 1, i » « d.
The city recently decided to establish its own electric plant.
Cleveland E lectric Illum inating C o.-C levelan d General
E lectric Co.—Ronds Called.—The Cleveland General Elec
tric 6# 5 30 gold bonds o f 1923 have been called for payment
on March 1, 1898, at 102$ and interest.
^
Offer to Exchange.—Spencer Trask & Co., 27 Pine St., New
York, offer to exchange the above called bonds for new first
mortgage refunding gold 5s of th© Cleveland El©cti ic Illur
minating Co.
286
THE CHRONICLE,
[Vol.
Consolidated Ice.—Dividend.—This company has declared
Kingsbridge Ry.—Third Avenue RR,, New York.— Tncora dividend of 1 per cent on its common stock, payable Feb. porated.—The Kingsbridge Ry. Co. was incorporated Jan 25
10 .
-the quarterly dividend on the company’s preferred with a capital stock of $1,003,000 to build an 1 operate 8 3-5
s to ck 'W ill hereafter be paid quarterly in January, April, July miles of street railway with any motive power other than
and October, instead of semi-annually.—V. 65, p. 869.
steam as follows: Manhattan Street, at the Boulevard to north
Dulnth Missabe & Northern Ry.—Consols Colled.—Sixty- ernmost point o f the intersection o f Kingsbridge Road or
tour first consols, dated Jan. 1 , 1898, have been drawn for re- Broadway and West 230th Street; Riverdale Avenue to the
demption, and will be paid at the Central Trust Co. on or northerlv line o f the city of New York; and the intersec
after Feb. 16, at 105 per cent and interest, say, $1,057 50 per tion of Kingsbridge Road and Amsterdam Avenue to 230th
bond.—V. 64, p. 373.
Street. The directors are Henry Hart, E Iw ari Lauterbach
Denver & R io Grande RR.—Refun ding.—The company Albert J. Elias, Charles Remsen, Henry Ideu, D ivid C, An
has consummated an arrangement with Kuhn, Loeb & Co. and drews, J. H. Waydell, John Byrnes and G. Howland Leavitt
Speyer & Co. for a refunding o f the $6,382,500,1% first mort Mr. Hart subscribed for 9,860 shares and the other directors
gage bonds maturing Nov. 1, 1900, into an equal amount of for ten each.—V. 66 , p. 135.
consolidated bonds reserved for this purpose. The new bonds
Lehigh T alley HR.—Collateral Trust Bonds Listel.—The,
will be issued at 4%$ bonds, and when the refunding is ac $5,0 )0,000 mortgage and collateral trust bonds of 1897 have
complished the entire issue o f consolidated bonds will become been listed on the New York Stock Exchange. A statement
a first mortgage on the system of the Denver & Rio Grande as to the property covered by this loan and a list of the col
R R . The reduction in fixed charges will be about $160,000 lateral pledged therefor were given in the C h r o n ic l e last
per annum.— V. 65, p. 364,371.
week, pages 186 and 187. See also other facts of imoortance
Electro-Pneum atic Transit Co.—Penalty A fter Feb. 12. m our issue of Dec. 11, 1897, page 1114.—Y. 66 , p. 181, 186.
—With reference to the notice given last week, the Waterbury i
Lynchburg E lectric Co. (T a.)-S aZ e Feb. ^ . —Foreclosure
Committee announces that no stock can be deposited after
Feb. 1 2 except upon payment of such a penalty as may be de sale under the mortgage of 1893 to the People’s Trust Co. o f
Brooklvn, as trustee, is advertised to take place at Lynch
termined upon by the committee.—V. 66 , p, 183.
burg, Va,, on Feb. 28. The company owns between 5 and 6
Empire Transportation.—International Navigation.— miles of street railway. No upset price has been fixed, bat
Incorporated.—The Empire Transportation Co has been in $5,000 must be paid on the day of sale.—Y. 65, p. 1220.
corporated in New Jersey by the following members of the
Mammoth Cave R R .— Forec osure S ile Postponed.— The
International Navigation Co. to engage *in the Pacific coast
and Alaska trades Clement A. Griscom, W , H. Barnes, foreclosure' sale of this 8 -mile road advertised for Jan 17
Samuel F. Houston and James S. Swartz, of Philadelphia, has been postponed for 60 days. The road extends from
and George H. Higbee, of Merchantville.
The capital Glasco Junction, Ky., to Mammoth Cave, 8 38 miles, and
stock is $3,000,000, of which $1,000 has been paid in. Mr. has outstanding first mortgage 6s for $ 1 JO,000 .
Higbee, who is general manager o f the International Co.,
Manhattan Ry.—Rapid Transit in New York City.— Mr
says that the four steamers. Ohio, Pennsvlvania, Indiana
and Illinois, which are being fitted out at Cramps’ Shipyard, Gould's Letter.—President George J. Gould, of the Manhat
will be ready to leave port for the Pacific Coast in from four tan Ry., on Jan. 20, 1898, sent the following letter to A lex
to six weeks. These are the vessels previously reported to ander E. Orr, President of the Board of Rapid Transit Rail
have been acquired by the States SS. Co. (V. 65, p. 1025). road Commissioners :
The directors of the International Company are busy arrang
S i r : T am in receipt of your letter of January 18,1898. You review
ing plans for the construction o f vessels for their Atlantic at considerable length negotiations which have taken place between
the Rapid Transit Commission and the Manhattan Railway Company •
service, to take the place of the vessels thus withdrawn.
but, while your views of such negotiations are widely divergent from
Equitable Gas Illu m in ating.—United Gas Improvem ent. my own, I shall repress any inclination to deal with this phase o f your
letter,
lest the result may be discussion and controversy rather than
—Philadelphia.—New Securities.—'The Equitable Illuminat a solution
of the rapid-transit problem. I reply, therefore, only to the
ing Gas Light Co., which is to operate the Philadelphia Gas concluding paragraph of your letter, in which you advise me that vou
Works, will issue $3,125,000 preferred and $3,125,000 com are instructed by your board “ to invite from this company a promDt
mon stock, the majority of which will be held in the treasury application for such additional facilities or extensions as it mav now
desire.” In response to this invitation, I desire t j state that the Manof the United Gas Company. Its $7,500,000 5 per cent 30- nattan Railway Company, if so authorized, will construct the follow
year gold bonds have been under written by a syndicate, ing connections, extensions and additional tracks and facilities •
(1.) A connecting line, beginning at Battery Plaoe and extending
headed by J. & W . Seligman & Co., which will offer them
along the westerly side of the city to Horatio or Gansevoort Street
to the public at 10 2 % and interest.
thence through Horatio or Gansevoort Street to and connecting with
The argument on the lease of the Philadelphia Gas W orks the Sixth and Ninth Avenue lines of this company; also a branch
was heard by the Supreme Court on Monday and decision thereof connecting the west side lines with the Oity Hall terminal of
ttis company through Reade or Duane Street, or Canal and Centre
was reserved.—V. 65, p. 1072.
Streets.
extension of the Sixth and Ninth Avenue lines through
F itch bu rg R R .—Sale o f Bonds.—The company has sold,
Street to Tenth Avenue, thence along Tenth Avenue and
subject to the approval of the Massachusetts Railroad Com Fifty-third
the Boulevard and Eleventh Avenue to Fort George.
missioners, its $1 450,000 of 30-year 4 per cent bonds to
(3.) An extension of the suburban line from Tremont station through
6
Messrs Lee, Higginson & Co., at a price said to be 107.—Y. Fordham to Bedford Park, and
(4.) Additional tracks and facilities to increase the ability of this
66 , p. 183.
Hestonville Mantua & Fairm ount Passenger Ry.—Union
T raction Co., P hiladelphia.—Lease Ratified.—On Jan. 27
the stockholders of the Hestonville Company, by a vote of
47,043 shares against 420 shares, ratified the 999 year lease to
the Union Traction at a rental of 6 per cent on the preferred
and 4 per cent on the common stock. By the terms of the
lease the Fairmount Park & Haddington road is assigned to
the Union Traction, which assumes the dividends guaranteed
on that stock. The Union Traction also assumes the bonded
debt of both the Hestonville and Haddington companies.
The lease is to be executed as of January 1, 1898, and it is
expected the Union Traction will take possession February 1.
— Y . 66 , p. 133.
3
Hutchinson & Southern Ry.—Securities o f Reorganized
Com pm v.—The reorganized company will take possession of
the property about Feb. 1 and will issue the following :
Bonds
Total
Outstanding Par
When
andstock.
authorized.
as o f Feb. 1. value.
due.
Stock.......................... $20,000 per m. $2,080,000
$100
1st M .gold5s (J&J). 5,000perm .
520,000
1,000 Jan. 1, 1928
The first mortgage is made to the Old Colony Trust Co. of
Boston as trustee, and authorizes the issuing of bonds at not
exceeding $5,000 per mile o f completed road to a total o f 150
miles. The entire loan is subject to call at 105 and interest
after ten years. The road is in operation from Hutchinson,
Kansas, to Medford, Ind. Ter., 104 miles; 40 miles more are
under construction, of which 25 miles will be completed
March 1, 1898. The line is also projected to Denison, Texas,
a distance of 200 miles. L. E. Walker of Hutchinson, Kan.,
is President.—V. 66 , n. 183.
Illin o is Central R R .—St. Louis A lton & Terre Haute
&R.—Offer to Bondholders.—The St. Louis Alton & Terre
Haute-first mortgage and terminal 20 -year gold bonds hav
ing been called for redemption on June 1,1898, at 105 and
accrued interest, the Illinois Central will pay for each of
such bonds of $1,000, with the coupon due June 1 , 1898, at
tached, at any time prior to Feb. 10, 1898, $1,065 06, being
the redemption value thereof less discount on the same at 3
per cent per annum from Feb. 10 to June 1, 1898.—V. 66 ,
p. 183.
oompany to properly accommodate the traveling public
Immediately upon being advised that the foregoing meets the anprovalof your board, I will initiate engineering and other preliminary
work, and without avoidable delay will prepare and submit such
formal application and such detailed plans and specifications as mav
be proper under the provisions of the rapid-transit act.
3
[Signed.]
President Orr on Wednesday replied to the above letter in
behalf of the Rapid Transit Commission, stating that y cer
tain o f the extensions and additions, if properly worked ont
in detail, would prove o f material advantage,” and express
ing the hope that the company would with the least possible
delay present separate formal applications for such addi
tional franchises and facilities as it may desire, etc.
Regarding Mr. Gould’s several propositions, he stated the
opinion of the board substantially as expressed in a resolution
adopted by the board on Monday, the main points thereof
being as fo llo w s :
Ftrsf—Touching the proposed line up the west side to Horatio or
Gansevoort Street, the board is inclined to look favorably upon it
As to the proposed cross-town line, however, to connect the West Side
lines with the Third Avenue elevated at the City Hall, Mr. Orr sars
that the act appointing the Rap d Transit Commission forbids it to
authorize the construction of an elevated railroad across Broad wav at
any point south of Thirty-third Street. He, therefore, passes by this
•expressing his regret, and he believes that of his
associates, at this limitation.
Of the second proposition, he says the board believes that an exten
sion on the west side to Kingsbridge would be of great service, but the
proposition is inadequate because it contemplates a line terminating
aYI °^t George, and vague because it does not indicate the manner in
which the company proposes to relieve the congestion of traffic which
will necessarily follow the proposed extension. The injury to the
erection of an elevated road would be so
great that the board advises the suggestion of some other route.
The ’ hird proposition the board regards in the most favorable light,
fourth proposition is so indefinite that the board does not feel
justified m expressing any present opinion concerning it, but the Com
missioners think that the placing of third, and in some cases of fourth,
tracks upon portions of the present route of the Manhattan Railway
is imperatively needed and would inure to the benefit of the public bv
enabling the company to increase the earn ing capaoity and efficiency
.....
Qa it^ service, much -fr
^
^ *--nimr- ..1»
x/r ^^~speciall" committee of tlie board o f directors ^of**tbo
Manhattan Ry. held a meeting yesterday and received a
draught of the reply which will be transmitted to Mr. Orr on
Monday next. This reply, it is understood, c implies with
Mr. Orr s request for a formal and definite application, and
J a n u a r y 29, 1898.]
THE CHRONICLE.
287
describes fully the new routes on which it is desired to build*
the character o f the proposed structure, and the probable
time within which the company can complete the work. —V.
6 6 , p. 134.
to 7 per cent upon the outstanding capital of the Lake Shore Com
pany. Irrespective of this transaction it is understood that the next
quarterly dividend upon New York Central stock will he at the rate of
5 per cent per annum.
Manhattan Steamship Co.—Incorporated —This company
was incorporated at Trenton, N. J., Jan. 2 1 , with a capital
stock of $ 1 ,000 ,000 , of which $5,000 paid up. The company
is to operate a line of steamers between New York. Boston,
Maine and the Canadian provinces. The directors are:
Jonathan J. Hillman and Thomas W . Buck, of Philadel
phia; Henry E. Alexander, Joseph D. Huggins, Roland F.
Hill, W illiam F. Weiss, Tunis G. Bergen and N. J. N ew
comb, New York: Isaac C. Ogden, Orange, N. J.: Beverly S.
Reed, Boston, Mass.; C. Everett Evans, Taunton, Mass. The
officers are: Jonathan J. Hillman. President; Henry E. Alex
ander, Treasurer, and W illiam F. Weiss, Secretary.
Circular.—Yesterday afternoon it was stated that a circular
would be issued by the New York Central officials within a
few days making the formal offer of $200 in New York Cen
tral collateral trust 3% per cent bonds for each share of
Lake Shore stock. Holders of this stock representing more
than a majority of the entire issue are understood to have
endorsed the plan, so that its success is considered as
sured. The scheme, it is stated, originated with W . K.
Vanderbilt and H. McK. Twombly, and may ultimately, in
the more or less remote future, bring most of the Vanderbilt
lines under a single management.—V. 66 , p. 135, 134.
Pennsylvania Heat Light & Pow er—P ow elton Electric.—
Pennsylvania M anufacturing.—Consolidation o f Philadel
phia Electric-Light Companies.—Negotiations are pending for
the consolidation of all the electric-light companies of
Philadelphia into a single corporation with a proposed capi
talization of $30,000,<i00, o f which $15,000,000 stock and
$15,000,000 bonds. W . J. Latta, President o f the Powelton
Electric Co., is the organizer of the new company, which
Montgomery Light.—Foreclosure Sale —Corrected State will b 9 known as the Pennsylvania Manufacturing Co. Mr.
ment.—As reported last week, this property was sold on Jan. Latta has secured control of other small companies, and has
15, under foreclosure of the first mortgage of 1*89 an 1 pur submitted to the Pennsylvania Heat L ’ght & Power Co. the
chased for the bondholders for $258,900. The amount of the following proposition:
“ As outlined the deal, so far as the Pennsylvania Heat Co. Is con
mortgage foreclosed, however, was $25'*,000 and the purchas
cerned, proposes an exchange of a 5 per cent collateral trust bond of
ing committee was Bernard Cahn, Chas. W. Slagle and the
new company on the basis of 24 for Pennsylvania Heat common
Frdnk S. Hambleton, of Baltimore.—V. 66 , p. 184.
and 6623 for the preferred. Stockholders will be given the right to sub
Memphis & Charleston R R .—Foreclosure Sale Feb. 26.—
The sale of the Memphis & Charleston under foreclosure of
the consolidated mortgage (Farmers’ Loan & Trust Co., trus
tee) is advertised to take place Feb. 26 at Memphis, Tenn.,
L . B. McFarland being Special Master. This is preparatory
to a merger of the road in the Southern R y., as already an
nounced.—Y. 66 , p. 39.
National Hudson B rid e Co.—New York & New Jersey
B ridge.—New Bridge Project.—A bill to incorporate the
National Hudson Bridge Co. to construct and maintain a
bridge across the Hudson River between New York and New
Jersey, at New York City, was introduced in the House on
Jan. 22. Among the incorporators are Frank H. Lord, Ralph
T. Rokeby and Gustave C. Henry. The bridge is to be both
for railroad and carriage and pedestrian use, and is to have
not less than four railroad tracks. It is to be single-spanned,
with 150 feet elevation at its centre. The new enterprise
is stated to be supported by some of the former projectors of
the New York & New Jersey Bridge Co.—V. 65, p. 1115.
scribe to the new stock at par in the proportion of 25 per cent of their
holdings, on which 10 per cent or $5 per share will be the first instal
ment called. The par value o f the stock will be 50. We understand
the new company will spend about $1,000,000 of the $1,500,000 which
will be called on the new stock, for improvements and work of con
centrating plants, etc., to effect operating economies.”
The capitalization o f the principal companies which it is
proposed to merge is, so far as known, according to the
latest reports (some of which are not very recent) as follows:
Common Preferred
Trust
stock.
Stock.
Certificates.
Bonds.
Pennsylvania Heat,
Light & Power___ $5,000,000 $5,000,000 abt. $1,900,000
Powelton E lectric...
490,000
............
............
Southern...................
400,000
)
250,000
______ Bonds, if
Manufacturers’........
250,000
I any, not
New England Gas & Coke.—De ial.—President A. C. Diamond...................
300,000
............f known.
Suburban.......... . . . .
Bnrrage, of the Boston Gaslight Co., on Jan. 22 authorized West End..................
200,000
............
100,000
........ J
the statement that the report sent out to the newspapers Wissahiokon.............
Note.—Of the stopk of the Pennsylvania Heat, Light & Power Co.,
Tnursday night, purporting to come from him and giving
the purported details of a settlement of the gas controversy, the preferred is only 70 per cent paid in, while some of the other
are also much less than full paid, and others have been issued
did not come from him. Mr. Burrase stated moreover that stocks
in part as stock dividends.—V. 65, p. 823.
no such report had been made or authorized by him, and that
he was not cognizant of any settlement having been made
on the lines indicated in the report.
Stock o f Massachusetts Pipe Line Co. —The Massachusetts
Pipe-Line Gas Co., of which Henry M. Whitney is President,
has filed a petition asking the approval o f the Massachusetts
Gas & Electric Light Commissioners to an issue of $1,000,000
stock authorized in July, 1896, and since purchased by the
New England Gas & Coke Co. The petition estimates the
cost of expenditures to which the money is to be applied as
follows:
One 5,000,000-foot holder, $290,000; street mains, varying from 14
to 42, $851,900; seven large meters, $46,800; regulators and valves,
$13,900; real estate, $32,000; engineering and incidentals, $50,000;
total, $1,285,200—Y. 66, p. 184.
New York B iscuit—American Biscuit—United States
B iscuit.—Plan Underwritten.— William H. Moore, A. W .
Green and Frank O. Lowden returned from New York to
Chicago on Tuesday, and announced their success in under
writing the plan. Mr. Green is quoted as saying that the
subscriptions from individuals who were not stockholders in
the old companies would aggregate between $8, 000 ,<00 and
$9,000,00o. The Illinois Trust & Savings Bank of Chicago,
which is acting as the trustee in the matter, it is understood,
will call the subscriptions and issue negotiable receipts
to the subscribers, which later will be exchanged for stock.
Harriman & Co. and George R. Sheldon, of New York, have
been acting as the Eastern agents of the committee.—V. 66 ,
p. 134.
R io Grande Junction Ry. —First Dividend. —A dividend
of eighty cents a share has been declared on the $2 ,t 00,000
capital stock, payable at Denver Jan. 29. This is the first
dividend paid.—V. 52, p. 204.
R ochester (S treet) Ry.—Quarterly.—Earnings for the
quarter and the six months ending December 31 have been
reported as follows:
3 mos. ending
Cross
Net
Other Interest,
Batance—
Dec. 31—
earnings, earnings, income, taxes,etc. Sur. or Def.
1897.......................... $201,283 $82,223 $3,909 $74,494 sur. $11,638
1896
................ 195,067 52,165 1,888
78,247 def. 24,194
6 months—
1897
................ 404,922 169,169 6,215 148,759 sur. 26,625
1896.......................... 419,844 137,639 4,012 155,937 def. 14,286
Loans and bills payable Deo. 31,1897, $219,682, against $234,803
on June 30.—V. 65, p. 870.
St. Louis Iron Mountain & Southern R y.—M issouri Pa
cific R y.—Extended Bonds L isted—The New York Stock
Exchange has listed $6,000,000 second mortgage bonds of the
St. Louis & Iron Mountain RR., dated May 1, 1872, which
fell due May 1, 1897, and have been extended to May 1, 1947,
at 5 per cent. The application to list says:
The original bonds are bound in with the extension contracts and
new coupon sheets, covering all interest payments to maturity. The
bonds may be called for redemption at 105 on six months’ notice. The
property covered by this mortgage is the railroad and franchises lo
cated in the State of Missouri and extending from St. Louis to Bel
mont, Mo., a distance of 195-25 miles, and from Bismarck to Pilot
Knob, 11 miles, and including also the branches from Pilot Knob to
the State line of Arkansas, about 100 miles, and from Mineral Point to
Potosi, 4 miles; in all about 310 miles. The United States Trust Co.
New York Central & Hudson R iver R R .—Lake Shore & has been duly appointed trustee of the mortgage.—V. 64, p. 1042.
M ichigan Southern RR.—Pending Consolidation—The shares
St. Louis & San Francisco R R .—Southwestern Division.
o f these companies have been largely dealt in during the Bonds Listed.—The New York Stock Exchange has listed the
past week on rumors that plans are on foot for a consolida company’s $1,500,000 Southwestern Division first mortgage
tion. President Depew and others in authority declined to 50-year five per cent gold bonds, secured by a purchase
make any statement regarding the matter, but it is known money mortgage on the 112‘05 miles of railroad formerly the
that an agreement of some kind is impending. The follow property of the Atlantic & Pacific RR. Co., and then known
ing from the New York Sun reflects the views of W all Street as its Central Division, extending from Seneca, Mo,, where
on the su b je ct:
it connects with the line of the St. Louis & San Fr mcisco, to
It is now pretty well understood in the Street that the present move Sapulpa, Indian Territory.
The above-described railroad
ment in New York Central is based upon a contemplated closer alli property was sold on Dec. 18, 1897, under foreclosure of the
ance than now exists between the company and the Lake Shore & first mortgage of the Central Division of the A. & P., and
Michigan Southern RR. The union of the two properties will, accord was purchased by E C. Henderson, and was conveyed on
ing to trustworthy information, be accomplished by an issue of Dec. 81, 1897. to the St. Louis & San Francisco RR. The
$100,000,000 of 3*2 per cent New York Central debenture bonds to bonds are of $1,000 each, and are dated Jan. 1,1898, and ma
take up half that amount of Lake Shore stock. That is, it is proposed ture Oct. 1 , 1947. They are redeemable at any coupon date,
to give $200 of the debenture obligation for each share o f Lake Shore. in the manner provided in the deed of trust, at par and ac
By this operation the Central Company would become the absolute crued interest. The bonds are coupon bonds, with privilege
ow ner of its principal Western connection, and would reap the bene, of registration of principal; coupons are payable April \ and
fits o f the net earnings of that line in exoess of an amount equivalent October 1; trustee of the mortgage, Central Trust Co.
288
THE CHRONICLE.
fVoLt LXV1.
Earri ngs.—The following are the earnings of the St. Lonis
& San Francisco for the five months ending Nov. 30, 1897:
Trust Companies o f New York and B rooklyn.—Th&
repor's of these companies Dec. 31, 1897, compared with June
5 months.
Gross.
Net.
Other ine. All charges. Bal., sur. 30, 1897, and Dec. 31, 1896, are as follows : The reports for
To Dec. 1..$3,066,033 $1,399,354
$ .3 1 5
$918,439
$484,230 June 30, 1896, are in the July 24, 1897, C h r o n ic l e , and those
V . 66 , p. 83.
for Dec. 31, 1895, in the January, 1896, S u p p l e m e n t .
_Seattle Lake Shore & Eastern R y.—Seattle & Interna
AMERICAN DEPOSIT & LOAN COMPANY.
tional RR.—Northern Pacific Ry.—Control Secured—Ojfer
Resources.
to Purchase at 80.—The Northern Pacific Ry. Co. has pnr
Dec. 31,’97. June 30. ’97.
_______
$78,563
Bonds
and
mortgages____
chased a controlling interest in the certificates representing
Stock
Investments
(market,
value)____
_
.
.
.
.
$(152,059
652,059
the $5,558,00 ) bonds of the old Seattle Lake Shore & Eastern A m o u n t loa n ed on c o lla te r a ls .........................
6 ,6 3 4 ,1 3 5
5 ,8 1 7 ,7 3 5
Ry. The Seattle reorganization plan provided that the hold A m f u n t lo a n e d on p e rs o n »] s e c u r i t i e s ...........
3 1 ,« 8 3
8,887"
9 6 .2 1 9
..............
ers of 60 per cent of these certificates should have the right R e a l e s ta te (e s tim a te d v a l u e ) ..............................
C
ash
on
b
a
n
d
............................................................
1
3
,5
0
3
1
1
,6 0 1
to sell, lease or consolidate the road. More than this amount Cash on dep< sit..................................
3 5 3 ,0 2 3
2 9 5 ,1 3 6
has been acquired by the Northern Pacific and the following O v e rd ra fts ....................................................................
..............
395
notice offering to purchase the remainder of the issue at 80 O th er a s s e t s ................... ..........................................*
2 2 ,4 2 8
1 2 5 ,1 2 6
is published under date o f Jan. 24 by Morton S. Paton, James
Total....................................................
$7,803,250
$6,989,502
D. Smith & Co , W. A. & A.. M. White and H. O Armour:
Liabilities.
The undersigned have sold the trust certificates of the Manhattan
$500,000
Trust Co. issued on deposit of bonds of the Seattle Lake Shore & East Capital stock .......................
.............................................
394,519
Undivided
p
r
o
fits
ern Railway Co. held by them severally for SO per cent of the par
value ther- of, under an arrangement by which any holder of such cer General deposits, payable on demand........... 6,7 <6,236
Other
liabilities.
.
................................................
172,495
tificates may obtain the same price therefor, viz.: 80 per cent, by pre
senting the same with due transfer and power to transferon the books
Total....................................
$7,803,250
to J. P. Morgan & Co., at their office, corner Wall and Broad streets,
New York, within fifteen days from the date thereof. [Signed].—V.
Supvlemen tary.
66, p. 185; V. 65, p. 1115.
Total amount of profits during the year........
$391,523
credited depositors during same period..
126,430
Standard Plate Glass.—Reeeiver.—A foreclosure suit was Int.
Expenses of institution, same period ..........
41,341
brought against this company on Jan. 8 , under its second Amount of dividend" declared, same period..
25,000
mortgage for $3 ?5/0G, dated Jan. 1, 1892, interest on which Amount of deposits on which int. is allowed. 6,736,236
Rate
of
in
’
erest...................................................
1
^
to 4%
is in default. The company’s capital stock is $750,000, and
its first mortgage indebtedness $35 ),000, the latter secured
by deed of trust dated April 4, 18s7. Its works are at Batler,
Pa. Fred. J. Klinger representing $'9,000 of the second
mortgage bonds also applied for a receiver.
Tehuantepec National Isthmus RR.—Lease.—A dispatch
from the City of Mexico, Jan. 22, says this property having
been leased to Sir Sweetman Pearson & Son for a period of
fifty years will be transferred to them on April 1. The les
sees will, according to the report, re-build the road, the Gov
ernment guaranteeing 6 per cent on whatever investment is
made therein. The road was reported leased to the same
parties in 1896, but before getting the lease, it is stated, they
had to satisfy a mortgage for $175,000 held by the Saligmans
against the road.—Y. 63, p. 81.
$500,006
282,421
5,938,451
268,630
$6,989,502
$180,961
62,599
19,02015,000
5,938,451
1 »a to 4%,
ATLANTIC TRUST COMPANY.
Resources.
Dec. 31.’97. June 30, ’97. Dec. 31, ’ 9 6 .
Bonds and mortgages............. .
$347,000
$229,500
$234,500
Stock invest’s (market value).
977,509
1,235,265
1,337,567
3,6 03, ('47
3,572,837
4,176,910
3
80,494
115.744
87,032
86,141
86,141
Cash on hand ...
■
1 ) 8 {£
961,697
641,789
Cash on deposit.
443,250*
Other assets___
594,649
211,133
213,381
Total.............
, $6,104,289
Liabilities.
. $1,000,000
Surplus fund..... .......................
200,449
Deposits in trust.......................
172,3 ”4
4,460,655
General
dep’ts,
pay.
on
dem’d
Union Pacific RR.—Union Pacific Ry.—The New Union* Contingent fund set apart___
24 0,000
Pacific RR. Co. has been incorporated in Nebraska. It was Other liabilities...................... .
30,811
$6,442,527
$6,690,288
$1,000,000
526.036
80,930
4,749,287
$1,000,000
667,334
96,009
4,890,105
86,274
36,840
Total..................................... $6,104,289
Supplementary.
Tot.am’t of profits during year. $239,371
Int.credited dep’rs same per’d.
85,524
Exp. of instit on. same period.
49,063
Amt. of divs. decl’d. same per’d
80,000
Amt ofdep.onwhich int.is ail’ d 3,857,994
Rate of interest on same.......... 1*2 to 3 p. e.
$6,442,527
$6,690,288
incorporated in Utah last June.
Foreclosure Sale o f Collateral Securing Gold 6s o f 1891
( Morgan Notes J Postponed till Feb. 2.—The sale of this col
lateral has been postponed till Feb. 2. Each class of bonds
or of stock will be offered first in separate parcels of such
amounts as the Special Master and J. P. Morgan & Co. may
deem best, not exceeding 1,0 0 0 shares of stock or $100,000
par value of bonds in each parcel, and then as a whole.
Coupons Dve Feb. 1 on Deposited Notes to le Purchased.—
Pending completion of the foreclosure sale under the trust
indenture of Sept. 4, 1891, and distribution of proceeds there
of, J. P. Morgan & Co. on and after Feb. 1, 1898, will pur
chase warrant No. 2 from each of the certificates of interest
in respect of the 6 per cent gold c llateral trust notes, paying
therefor the sum of $17 93 (being the [full amount payable
thereon) upon presentation of such warrant at their office,
23 Wall Street, New York, or at the office of Jacob C.
Rogers, 43 State Street, Boston.
Foreclosure Sale Feb 28 Undvr Collateral Trust 6 Per Cent
Mortgage o f 1879.—The foreclosure sale of the collateral
under the collateral trust 6 per cent mortgage of 1879 will
take place at the Real Estate Exchange, in New York, at
noon, Feb. 23. The sale will be in parcels and then as a
whole. The collateral trust bonds outstanding amount to
$3,503,000. The collateral consists of $1,739,000 Colorado
Central firsts, carrying coupons of July 1, 1898; $860,000
Omaha Republican Yalley firsts, carrying the January, 1894,
coupons, and $1,974,000 Utah & Northern firsts, with coupons
of July 1, 1898, on.
Payment o f Union Pacific Firsts.—Special Master W m. D.
Cornish gives notice by advertisement in another column
that he will pay the Union Pacific first mortgage 6s at the
Mercantile Trust Co.—V. 66 , p. 185.
United E lectric Securities Co.—DmeZend.—A semi-annual
dividend of $3 56 per share has been declared on the preferred
stock, payable May 2 to stock o f record April 20. The com
pany has passed three semi-annual dividends. Payments
have usually been made in February and August, and the
change in date is made for convenience, since the coupons on
the company’s bonds fall due in February, and it is easier to
finance the two payments separately than together.
Bonds Called.—The balance outstanding of the first series
collateral trust bonds, being Nos. 86 , 93, 130, 3*'2. 3 3, 366,
404, 405, 468, 431, 433, 437. 438, 446, 447, 448 and 449, will be
paid at 103 and accrued interest at the American Loan &
Trust Company, Boston, on or after February 1 , 1898, the
interest ceasing on that date. V. 64, p. 844.
$262,892
$296,693
92,4 06
102,116
51,571
51,302
PO.Ono
80,000
4,114,025
4,540,021
1 to 3 p. C. 1 to 3 % p. <5.
BROOKLYN TRUST COMPANY (BROOKLYN.)
Resources.
Dec. 31,’ 97. June 30, ’97. Dee. 81,’ OB’Bonds and mortgages...............
$146,950
$62,500
$559,700*
Stock invest’s (market value).. 2,435,263
3,086,041
3,542,916
Amount loaned on collaterals. 8,337,528
7,673,718
5,677,436
Am’t loaned on pers’l securit's. 1,025,088
996,326
784,483
Real estate (estimated value)..
135,4 53
128,123
181,660
91,033
Cash on hand....................
997Ì890}
1.092,142
Cashon deposit.......... ...............
954,112
Other assets...............................
276,821
260,369
96,474
Total.......: ......................... $13,402,248 $13,312,414 $11,934,808
Liabilities.
Capital stock............................. $1,000,000
$ 1 ,000,000
$1 ,000 ,0 0 0 *
Surplus f ’d & undivided profits. 1,569,445
1,530,536
1,484,065
Deposits in trust........................
569,578
647,717
561,006*
General deposits pay. on dem. 10,172,112
10,037,919
8,793,154*
Other liabilities..........................
91,113
96,242
96,583
Total...................................$13,402,248 $13,312,414 $11,934,808
Supplementary.
Tot.am’t of profits durlngyear. $167,811
$500,449
$564,741
194,351
Int.credited depos’s same per’d
2 11,276
208,455
Exp.of institution, same per’d.
81,386
85,281
85,907
Ara’t of divs.decl’d, same per’d
160,000
160,000
160,000
Amt.of dep.onwhichint is ail’d 10,511,614
10,370,545
9,134,410
Rate of interest.......................... 1 to 3 p. o.
1 to 3 p c.
1 to 3 p. o.
CENTRAL TRUST COMPANY.
Resources.
Dec. 3 1 ,’97. June 30,’97.
$123,840
Bonds and mortgages...............
$86.3«5
Stock invest’ s (market value).. 10,377,397
10,367,936
Amount loaned on collaterals. 27,137,354
18,203,387
Am’t loaned on pers’l securit’s.
761,000
820,600
Real estate (estimated value)..
850,000
850,000
Cash on hand •............................
6.053
8.657
Cash on deposit.........................
3,167,631
6,64 2 335
Other assets
.......................
671,548
448,825
Dee. 31,’ 96.
$136,683
8,544,94515,781,355652,621
850,000
6,711,998
455,989
Total..............
$43,657,348 $37,465,550 $33,133,591
Liabilities.
Capita] stock...............................$ 1 ,0 0 0 ,0 0 0 $1,000,000 $1,000,000
Surplus fund................................ 7,122,480
6,* 79,«40
6.520,890Deposits in trust........................ 7,619,278
7,502,175
6,264,921
General dep’ts, pay. on dem’ d. 27,502,337
21,836,345 18,975,835
Other lia b ilities............ i t ........
323,2?3
447,220
371,945
W estern New York & Pennsylvania R y.— B. & St. M. Not
T ota l..............
$43,657,348 $37,465,530 $33,133,591
Purchased.—Regarding the reported purchase of the Buffalo
Supplementary.
6 St. Marv’s R R ., the C h r o n ic l e is officially informed that
Total am t profits during year. $1,834,990
$1,620,093
$1,723,392
“ there is no truth in the report.” —V. 66 , p. 136.
Int. credited dep’ s name per’d.
673,416
181,4*7
W heeling & L a k . Erie R y.— Plan Next Week.—The reor Exp. of Institut’n sam epei’d.
tofdiv8. decl’d,sam-per'd.
5(*0,000
ganization plan, it i expected, will be^published early next Am’
Amt of dep onwhichint.is ail’d 30,438,831
week.—65, p. 932.
Rate of interest........................ 1 to 3 p, e.
519,842
172,7 ’ 1
500,000
26,434,952
1 t o 3 p. c.
523,468
165,944
500,000
19,558,171
239
THE CHRONICLE.
J anuary 29 1818
COLONIAL TRUST COMPANY.
Rt sources.
Bonds and mortgages.....................................................
Stock investments (market value)...............................
Amount loaned on collaterals.......; ..............................
Amount loaned on personal securities........................
Cash on hand............................................... — ..............
Cash on deposit................................ ....................... ......
Other assets.................. - .............................. ...................
Dec. 3 1 , 189V.
Total.....................................— .............. .......................
Liabilities.
Capital stock............. - ............................................................
Surplus fund.................................................................
U n d iv id e d p r o fit s ..............................................................................
Deposits in trust........................... -..............................
$ 1 9 2 ,5 0 0
1 ,6 2 2 .7 9 0
2 ,4 e 4 ,7 0 9
2 5 ,0 0 0
9 ,0 5 1
3 5 5 ,6 0 5
8 6 ,2 5 2
A m o u n t o f d e p o sits o n w h ic h in te re s t is a llo w e d ...............
T otal......................................$18,840,108 $18,797,670 $17,037,025
Supplementary,
$4,775,907
$4,000,000
lii’Vna
.
- 2 *«»»
„«0011
G en era l d ep o sits p a y a b le o n d e m a n d ........................................ ......3 ,2 5 3 ,8 1 1
Total.................................................................... *..............
Supplementary.
Total amount of profits during the year........ ...................
Interest credited depositoi s during same period. ------- E x p e n s e s o f in s titu tio n , same p e r io d .. - ................... ..
GUARANTY TRUST COMPANY—( Concluded).
Liabilities.
Dec. 31. ’97. June 30. ’97. Dec. 31,’96.
$2,00»,000
$ 2 ,000,000
Capital stock............................. $2,000,000
2,0»>0,0 >0
2.O00.000
Surnlus fund............................... 2,500,000
598,319
651,075
Undivided profits....................
320,402
89 *,638
21 ,430
D e o o s its in t r u s t ............................
2 34 , >48
ll,09«,r>24
13,697.232
General deposits, pay. on dem. 13,490,395
440,545
236,383
Other liabilities..........................
294,7 63
$4,775,907
?
4 1 ,9 > 4
3 ,1 2 2 ,8 7 5
U s to 3%
CONTINENTAL TRUST COMPANY.
Resources.
Dec 31, ’ 97. June 30,>97. Dec. 3 1 , ’ 96.
$14=-,« 3 0
$8-,000
$75,000
Bonds and mortgages...............
l,324,8H O
1,329,209
Stock invest's (market value).. 1,535,381
2 ,7 5 i',0 6 3
3,855,786
Amount loaned on collaterals. 4,127,372
2 8 1 ,0 7 2
322,280
213,610
Amt. loaned on pers'l securit’s.
121,000
7 ,5 0 0
123,5o0
Reat estat.- (estimated value).
4,>15 )
3,338
Cash on hand............. ...............
724,583
780,325
J
784,687
Cash on deposit........................
531
•Overfir fts ..................................
32,000
Due fn m ha' ks..... ...............
33,997
105,231
31,465
Other assets............. - ...............
.............
Rate of interest.
T o t. am ’ t o f p rofits d u rin g y e a r. $L,u30,-'> >7
in t. cre d ite d d e p 's , sam e p e r’d.
3 2 9 ,1 0 5
E x p o f in s titu tio n , sam e p e r'd .
1 6 0 ,2 6 3
A m 't o f d i« s. d e c l’d sam e p a r’ d .
2 2 0 ,0 » 0
A m ’t o f d e p on w h ic h in t.is pd. 1 1 ,9 8 5 ,9 2 7
$ 9 5 9 ,2 7 8
3 2 6 ,1 4 9
1 4 2 ,5 0 5
3 0 0 ,0 0 0
1 2 ,8 4 * ,5 2 4
$ 8 '9 ,1 5 1
- 2 8 6 ,6 4 3
1 5 8 ,1 9 6
2 0 0 ,0 0 0
1 0 ,6 7 » ,1 2 0
1 ,4 0 8 ,3 6 2
2 ,4 0 ,4 3 2
9 3 ,9 2 6
1 4 ,8 8 8
1 ,4 6 2 ,4 7 0
2 ,1 0 5 ,7 9 3
3 0 ,9 7 9
1 5 ,2 1 4
Rate of interest........................ 1 to 4 p. e.
1 to 4 p. o. 1 to 48) p. 0.
HAMILTON TRUST COMPANY (BROOKLYN).
Resources.
Dec 31, ’97. June 3»,’ 97. Dec. 31, ’ 96.
Bonds and mortgages...............
$686,6*3
$*¡6 ,533
$584,140
S to ck in v e s t ’ s (m ark et v a lu e )..
A m ou n t loa n ed o n c o lla te r a ls .
A m ’ t loa n ed o n p e rs’l s e c u r it’s.
R eal e sta te (e s tim a t e d v a lu e )..
1 ,4 1 6 ,5 4 2
2 ,7 3 5 ,8 5 9
4 2 ,3 7 5
1 5 ,0 8 2
Cash on h a n d ...........................
Cash on deposit.........................
Other assets............
33,934
1,4(6,622
89,0*2
644,824 5
58,2 >0
447.787
_
58,162
$5,333,464
$4,704,550
$6,426,089
Liabilities.
$500,000
$500,000
Capital stock...................
$500,000
400,' '00
450,000
Surplus fund................
500,000
81,631
77,< 94
Undivided p rofits...................
67,327
107,118
205,456 )
Deposits in tru st.......................
4,211,305 I 3,575,328
General deposits, pay. on dem. 5,094,»34 5
40,473
44,465
Other liabilities.........................
58,372
Total.___...............
$5,333,464
$4,704,550
T otal..................................... $6,426,089
Supp lementary.
$279,600
$231,762
Tot.am’t
of
profits
during
year.
$200,970
$500,000 Int. credited dep's, same 1er’ d.
$500,000
11»,402
11 -’ ,661
117,024
250,0"0 Exp of institut’ u, same per’d.
250,000
43, 64
46,387
46,055
120,113
103,666
40.000
40,000
40,000
Am’t
o
f
div8.
de
-I’d.same
per’d.
637.926 A m 't o f d e p .o n w h ic h in t .is a il’ d 5,315,480
419,374
3.682,477
4,261,305
3,739,360
5,2*6,393
It* to 4 p. 0. 13flt0 4 p. C.
20,.00 Rate of interest......................... 1*2 to 4 p. c.
86.910
HOLLAND TRUST COMPANY.
$6,606,346
$5,207,905
R "sources.
Total..................................... $8,926,884
Dec. 3 1 ,’97. June 30,'97. Dec. 31. ’ 96.
Supplementary.
$ 1.234
$11,2 4
Bonds
and
mortgages...............
$11,234
$218,900
$231,575
Tot.ara’t of profits duringyear.
$* 02,457
438.768
429,9 *7
4 6 «,“ 58
98,910 Stock iuves .ui’ is market value
107.218
.Int. credited dep’s same per'd..!
121,190
225
4 )4
230,404
Amount
loaned
on
colUterals.
216,704
56,514
60,098
Exp of institution, same per’d.
58,164
630
6u0
750
30,000 Amt. loaned on pers’l seeurit’s
30,000
Amt.divid’ dsdecl’d,same per’d
3<',000
406,385
409,215
Heal
estate
(estimated
value).
412,419
3,90 ¿,842
5,283,<>54
Amt of dep.on whichint.is ail’d 5,474,807
400
713
...........................
1,*>51
0
«8
h
"n
h
a
n
d
1
to
3
p.
C
.
1
to
3
p.
c.
Rate of interest........................ 1 to 3 p. o.
38,812
1,625
Cash 00 deposit.......... . . . . . . .
497
742
FARMERS’ LOAN & TRUST COMPANY.
O erdrafis.. . . . . . ....................
5,597
21,055
19,327
O her assets...............................
31,461
Resources.
Dec
31,’96.
June
3
0
,’
97.
Dec. 3 1, ’97.
$1,141,044
$1,104,373
T o t a l................
$1,150,199
$965,00»
$ 9 1 5 ,0 0 0
$ 9 10.000
Bonds and mortgages........
7,771,063
Liabilities.
6,758,4« 0
Stock invest, (market va lie)... 6,611,4»0
$500,000
17,461,983 Capital stock........ ....................
$500,000
1 7 ,7 3 7 ,2 6 0
$500.oOO
Amount loaned on collaterals . 22,370, 66
2,158,000 Sm plus fu n d ................................
6 3 -3 7
2,700,000
55,368
67,38 5
Ain't loaned onpers'l securities 3,°0i>,000
3 1 ,7 5 7
3 2 ,6 1 2
1, 000,000
1 , 000,000 Deposits in trust ....................
75,9*2
Real estate (estimated value).. 1,000,0 >0
140,006
3
.1
9
8
)
131,156
85,297
Cash on hand.................
86o
4 ,0 9 ‘ ,824 G**»>’ld*-p. ptyable on demand
368,773
7
,2
6
1
,0
3
2
)
421,6»2
Other
liabilities.........................
421,515
•Cash o n d e p o s it.............................
4 ,3 1 6 ,0 8 6
451,212
1 ,0 7 6 ,2 3 8
Other assets............................... 1 ,°9 5,567
$1,141,044 $1,104,373
Total..................................... $1,150.199
Total...................................... $39,334,284 $37,451,188 $33,903,082
Supplementary.
Tot. amt. of profits dur’ g year.
3,460
35
3,290
Liabilities.
$ 1,000,000 int. credited dep’ s, same Der’ l
3,515
3.75 )
3,620
$ 1,000,000
Capital stock............................. $l,o00,000
4,423,834 Expeu8. “ f instlt’ a
4 ,5 3 9 ,8 5 6
p r’ d
23,147
23,764
23,977
S u rp lu s fu n d ................................
4 ,7 3 1 ,1 3 2
23,351,58
4
31,697,325
Am
t.of
dep.
on
wh.
int.
allow’d
112,290
114,174
111,832
Deposits in trust....................... 33,445,803
132,609 Rate of interest........................ 2 to 4*3 o. o.
2 to 4 p. o.
2 to 4 p. 0.
1 6 4 ,0 0 7
157,349
Other liabilities..........................
KINGS COUNTY TRUST COMPANY (BROOKLYN).
Total...................................... $39,334,284 $37,451,188 $33,908,032
Resources.
Supplementary.
■«l , ’97. June 30,'97. Dee. 31, ’ 96.
$1,427,495 Bonds and mortgages............... Dec.
$1,491,031
$7 7,700
Tot. am’t of profits during year $1,466,555
$762,400
$76 5, *31
599,917
595,008 Stock invest's (market value). 1,1<»4,781
1,237.379
Int. credited dep’s. same per’d.
637, 01
1, 29,418
177, *01 Amount loaned on collaterals. 4,475,419
1'8,717
Exp. ot institution, same per’d.
179,8»7
3,512,917
3,487,844
300,000
300,000
Amt. of divs.deiTd same per'd.
3<>0,000
505,99 1
466,710
ui’ gloaned on pers'l seourit’s
761,006
26,184,180 A
28,962,913
Amt.ot den.,on whichint.is ail’d 29,375,018
210,000
2l0,»00
Real estate (estimated value)..
210,000
1
to
4*« p. c. Cash
1
to
4
«4
p.
0.
Rate of interest........................ . 1 to 4*2 p. c.
52,986)
119,431
on hand .......
475,042
4
>4,640
5
ash
on
deposit..............
265,977
FRANKLIN TRUST COMPANY (BROOKLYN).
222,362
248,225
O th er a ss e ts ..................
2 4 2 ,4 9 3
Resources.
Dec. 3 1, ’97. June 30, ’ 97. Dee. 31, ’ 96.
$6,962,243
$6,9)1,397
Total..........................
...........
$7,917,549
$61‘2.6('0
$585,100
Bonds and mortgages...............
$642,100
2,825,9 >5
2,56',790
Stock invest’ s (market value).. 2,45a,338
$500,000
$500,000
$500,000
1,514,126
1,623,258 Capital stook...............................
Amount loaned on collaterals. 2,470,362
700,000
750,000
700,000
606,529
503,305 Surplus fund...................
Am’t loaned on pers 1 securities
887,9Q0
13,199
28,568
43,699
487,584 Undivided profits.......................
437,986
Real estate (estimated value)..
48 3, ‘ 8 5
81 4,2o3
852,431
825,2«7
Deposits
in
trust.......................
36,2*0)
Cash on hand.............................
69.439
1,061,146
4.795.444
G en ’ l d e p o s its , p a y . o n d e m a n d
5 ,6 8 7 ,8 1 9
4 ,7 7 ,5 5 3
1,519.438 J
Cash on deposit......................
860,270
108,551
1 2 8 ,7 3 1
1 1 5 ,6 9 4
56,939 O th e r lia b ilit ie s ............................
60,387
Other assets................................
48,751
$6,962,243
$6,931,397
Total......................................
$7,947,549
$7,377,586 $7,170,787
Total..................................... $7,926,335
Supplementary.
Liabilities.
$264,112
$257,930
$1,000,000 Total am’t profits during year. $ 2 4 »,6 10
$ 1 ,000,000
Capital stock.................. .......... $1,000,000
96,339
Int
ored
dep’
same
period...
102,626
99,351
906,74 8
9 3 2 ,6 7 6
9/9,568
Surplus fund.
48,132
Exp.
of
institut’n
same
period.
56,017
5?,-06
102,961
2
0
,7
49
1
4
3
,9
8
4
Deposits in tru st.......................
40,000
40,000
4»,0 >0
5,134,507 Ain't of divs. deol’ d s .me per’d
5 ,2 0 2 ,7 4 0
General deposits, pay. on dem. 5,759,107
4.645.444
A
m
’
t
of
dep.on
whiotiint.isall’d
5,572,319
4
,6
-6
,s94
26,571
4
0
,4
2
1
43,676
•Other liabilities..........................
1*2
to
3«>p.O.
I
1
«
to
3*»p.O.
Rate of interest .....................l^ t o S ^ p . e.
$7,377,586 $7,170,787
KNICKERBOCKER TRUST COMPANY.
Total..................................... $7,926,335
Resources.
Supplementary.
$318,668
Dec. 31, ’97. June 30,’97. Dec. 31, ’96.
Tot.am’ t of profits during year
$341,949
$283,646
127,901 Bonds and mortgages...............
$252,000
Int. credited dep’s. same per'd.
117,926
116,«49
$ 87,500
$ 8«,000
5«,997 S to ck in v e s t ’ts (m ark et v a lu e ).
1,-51,483
2 ,6 2 7,797
2 ,9 9 0 , *20
Exp. o f institution, same per’d.
61,625
57,298
6,2
5,227
80,000 A m o u n t lo a n e d o n co lla te r a ls .
9 ,1 2 9 ,4 5 3
8 ,0 7 » ,2 9 3
Amt. of divs.decl’d same per'd.
80,000
80,000
5,104,*. 62 Am ’ t lo a n e d o n p e r s ’l s e cu rit’ s.
115,335
Amt.ofdep.on whieaint.isail’d 5,°26,467
5,143,5 5
1 7 4 ,0 8 6
1 5 1 ,7 4 5
1 to 4 p. c. Cash on hand
............. .........
113,375
94,323)
Rate of Interest,........................ 1 to 4 p. o.
1 to 4 p. o.
2,456,662
Cash on deposit.........................
1,804,454
1,761, -*«4 J
GUARANTY TRUST COMPANY.
6,147
Overdrafts.......... ......................
5,372 ,
3,196
Resources.
153,230
Other assets....................
203,197
176,195
Dec. 3 1 ,’ 97. June 30,’97. Dee. 31, ’96.
$35,000
$3 >.0<*0
Bonds and mortgages...............
$36,638
$13,542,056 $11,140,134
Total........................... $ ’ 4,345,234
7.640,5 73
8.241,165
i Stock invest ts (market, value). 8,503,140
Liabilities.
6,450,756
5,808,729
Amount loaned on collaterals.. 4 ,7 2 3 ,4 5 3
$1,000,000 $1,000,000
$1,0» 0,000
273,610 Capital stock............. '........ .
338.240
90,000
A’ m’ t loaned on pers’n’l seo’ t’ s
5 7 7 ,1 9 6
519.074
Undivided profits.................
651.589
153,08
15*-',368
1 5 7 ,7 8 7
Real estate (estimated vaUie)..
2 ,0 3 5 ,4 7 2
2,153,895
Deposits
in
trust
.................
2,"14,9>2
58,372
67.653
62,659
Cash on hand .................. ........
9
,8
0
\
4
9
5
7,374.448
2.310,594 Gen’ l deposits, pay. on demand 9,372,376
3,502,893
3,977,085
Cash on deposit. . . .
96,393
92,717
115,033 Other lia Dilitie s .................................106,367
649,622
«.Other a ssets.......................... — 1,289,346
T ota l..................................... $6,926,884
Liabilities.
Capital stock...............................
250,000
Surplus fund.
1 12, •02
Undivided profits...___ - .........
500,918
Deposits in trust........................
General dep’ts, pay. on dem’d. 5,550,840
12,944
Other liabilities............. - ..........
$6,606,346
$5,267,905
T ota l....................... ............. $18,840,108 $18,797,670 $17,037,025 I
T o ta l...,....... ......................,$14,345,234 $13,542,056 $11,140,134
240
THE CHRONICLE.
KNICKERBOCKER TRUST COMPANY—(Concluded).
Supplementary.
Dee. 31, ’97. June 30, ’ 97. Dec. 31, *96.
Total ain’t nroflts during year. $5 3ft,180
$469,348
$428,650
Int. credited dep’s same per’d.
018,732
201,610
192,630
Exp. of institut’n same per’d..
123,902
129,846
126,914
Ain’t Of divs. deoi’d, Same per’d
6",000
60,000
60,000
Am’to f dep. on whichint.is ail’d 10,056,719
10,33 ',859
7,853,619
Rate o f interest.......................... 1 to 3 p. e. 1% to 3 p. o.
1 to 4 p. e.
LONG ISLAND LOAN & TRUST COMPANY (BROOKLYN.)
Resources
Dec, 31 ’ 97, June 30,’ 97. Dec. 31, ’ 96.
Bonds and mortgages...............
$277*,500
$¿74,750
$278,7oO
Stock invest's (market value).. 1,581,261
1,491,925
1,422,29"
Am’ t loaned on collaterals... . 1,707,5 ■0
1,486,440
1,428,400
Am’ t loaned on pers'l seourit’s
114,000
81,000
82,000
Real estate (estimated value)...
1<>0,000
100,000
100,000
Cash on h a n d ....... . . . . . . . .......
33,293
246,526 ;
421,001
Cash on deposit..........................
336,390
360,3 >2 '
Other assets...............................
117,571
77,612'
73,426
Total .......................... ........ $4,267,535
Liabilities.
Capital stock..............................
$500,000
Surplus fund and undiv.proflts.
456,573
Deposits in tru st.....................
77,993
Gen’l deposits, pay. on dem’d. 3,202,264
30,705
Other liabilities.......................
$4,118,585
$3,805,867
$500,000
412,. 95
91,481
3,059,004
55,805
$500,000
400,555
93,173
2,785,191
26,940
Total..........................
$4,267.535
$4,118,585
$3,805,867
Supplementary.
Tot. am’t profits during year.
$157,900
$172,069
$192,252
»Int. cred. dep’s same period..
65,259
67.594
70,096
Exp. o f insti ut’n s one per’d..
25,842
26,ft54
25,233
Am’ t divs. declared same per’d
40,000
40,000
40,000
Amt.ofdep.on which int.is ail’d
3,280,258
3,150,466
2,780,863
Rate of interest........................ l 1ato4p .o. 1*8 to 4 p.0. 1 Tfl to 4 p. o.
MANHATTAN TRUST COMPANY.
Resources.
n
,
Dec. 31, ’ 97. June 30,’ 97. Dec. 31, ’96
Bonds and mortgages...............
$3,000
$3.000
$8,000
Stock invest’ts (market value). 2,856,885
2,459,845
2,286,546
Amount loaned on collaterals. 2,250,206
1,937,678
2,065,841
Cash on hand...............1.........
390
300,500 )
Cash on deposit............ .......... 1,536,535
1,260,533 5 1,536,906
Other assets..............
243,902
293,860
160,452
Total..................................... $6,895,918
$6,260,436
$8,057,745
Liabilities.
Capital stock............................. $1,000,000
$1,000,000
$ 1 ,000,000
Surplus fund...............................
200,000
200,000
200,000
Undivided profits.......................
375,601
270,830
212,400
Deposits in tru st.......................
164,162
192,078
272,8"!
Gen. deposits, payable on dem. 5,147,153 >
4,360,330
4,597,528$
Other liabilities........... .............
9,002 >
12,214
Total.................................
$6,895,918
$6,260,436 $6,057,745
Supplementary.
Tot. am’ t of profits duringyear $362,892
$279,453
$349,020
Int. credited dep’s, same per’d.
92,634
83,702
75,955
E xp.of institution, same per’d.
M2,325
86,906
84,993
Am’t o f divs.decl’d.same per’d
50,000
50,000
50,000
Am’t o f dep. on which int is ail’d 3,982,225
3,636,636
3,383,690
Rate o f interest.......................... 1 to 4 p. o.
1 to 4 p. c.
1 to 4 p. C.
MANUFACTURERS’ TRUST COMPANY (BROOKLYN).
Resources.
,
.
Dec. 31, ’ 97. June 30,’97. Dec. 31, ’96.
Bonds and mortgages...............
$163,500
$147,000
Stookiuvest’ s (market value).. 1,492,635
1,593,701
$890,481
Amount loaned on collaterals. 1,767,305
1,124,833
1,429,421
Amt. loaned on p rs’l Sc o’ ties
— —
381,573
173,848
Cash on hand..........................
30,330)
875,912
Cash on d e p o sit.............. .
966,2 44 5
Other assets...........................
71,fc09
33,853
Total...................................... $5,120,860
Liabilities. *
Capital stock.............................
$500,000
S u rp lu s fu n d ..................................
Undivided profits.....................
Deposits in trust.......................
Gen’l deposits, pay’le on dem.
Other liabilities..........................
5 0 0 ,0 0 0
120,566
105,205
3,862,103
32,986
$4j315,280
$3,403,515
$ 5 0 0 ,0 0 0
5 0 0 ,0 0 0
8 5 ,9 0 2
2 7 ,7 2 0
3 ,1 6 1 ,2 1 1
4 0 ,4 4 7
$500,000
500,000
63,528
1,610
2,292,543
45,834
Total.............................
$5,120,860
$4,315,280
$3,403,515
Supplementary.
Tot. am’t of profits during year. $192,026
$81,569
$108,940
Int. credited deps. same per’d.
62,«31
8,008
28,«68
Exps. of institu’n, same per’d.
31,822
16,592
26,6)9
Amt. of div. deoi’d, same per’d,
45,000
20.0 0
30,000
Amt.of dep. on whioh int. is ail’d 3,967,309
3,188,702
2 292,543
Rate o f interest........................HatoSiap.o. l*fl toS^p.e. l 1a to4 p . o.
MERCANTILE TRUST COMPANY.
Resources.
Dec 31 ,97. June 30,’97. Dec. 31, ’96.
Bonds and mortgages...............
$498,395
$496,395
$526,501
Stock invest’s (market value).. 5,707,0o9
4,287,553
4,653,565
Amount loaned on collaterals. 26,117,616
17,832,449
17,524,052
Am’t loaned on pers’l seourit’s
496,757
159,363
424,790
Real estate (estimated value)..
45,564
54,533
55,176
Cash on hand.................
11,425
3,098 )
Cash on deposit.......................... 9,180,334
7,253,820 v 11,004,230
Other assets...... .........................
146,128
137,114
371,565
Total.................................... $42,203,228 $30,224,325 $34,559,879
Liabilities.
Capital stock............................... $2,00o,000 $2,000,000 $2,000,000
Surplus fund............................... 2,750,000
2,500,000
2,500,000
Undivided profits.......................
182,741
285, 57
188,934
Deposits in trust..............
303,363
520,368
452,648
General dep’ts, pay. on dem’d. 36,836,556
24,819,299
29,339,005
Other liabilities..........................
130,568
99,101
78,292
To*»1............... .................. ..$42,208*228 $30,224,325 $34,559,879
_ I
Supplementary.
Tot. am’t of profits during y’r $1,113,381
$1,335,823
$1,376,560
Lit. credited dep’s. same pe<’d.
472,4"7
459,629
492,268
Exp. of institute, same per’d.
159,167
164,550
158,779
Am’t of divs.decl’d.same oer’ d
240,000
240,000
300,000
Amt.of dep on whichint. isall’d 31,486,082
22,612,192
24,386,049
Rate o f interest...................... 1 to 3 p. e.
1 to 3 p. o. 1 to 3*3 p. c.
[V o l. L X V I.
METROPOLITAN TRUST COMPANY.
Resources.
a.
..
Dec. 31, ’ 97. June 30,’ 97. Dee. 31, ’96.
Stock invest’s (market value).. $2,414,480
$2,56«,821
$2,601,737
Am’t loaned on collaterals .. 8,8 40,194
8,475,l" 3
6,811,334
Real estate (estimated value)..
481,800
481,800
481,800
Cash on hand. . .........................
17,512
30,069 ]
726,857
Cash on deposit................ . ........ 1,006,016
3,098,*3S I
Overdrafts..................................
261'
Other assets........................ " 1 .
169,850
151,859
145,930
Total......................................$12,929,852 $14,806,252 $10,769,658
Liabilities.
Capital stock............................. $1,000,000
$ 1,000,000 $ 1,000,000
Surplus fu n d .............................. 1,000,000
1,140,468
1,107,873
Undivided pr fits . . .
178,912
General deposits, pay. on dem. 10,691,359
12,590,8"3
8 ,5 9 3 ,8 0 4
Other liabilities....................
59,591
74,981
67,981
Total......................................$12,929,852 $14,806,252 $10,769,658
Supplementary.
Tot. am’t of profits during year
$454,736
$445,017
$393,055
Int, credited dep s same per’d
249,7 73
214,496
184,521
Exp. of institut’n same per’d.
64,954
71,343
68.824
Am t of divs. dee. same per'd.
101,000
1"0,000
100,000
Am’ tof dep.on whichint isall’d 10,691,326
11,994.478
8,004,708
Rate of interest......................... 1 to 3 p 0.
l to 3 p. c.
1 to 4 p. c.
NASSAU TRUST COMPANY (BROOKLYN.)
Resources.
Dec, 3 ’ ’97 June 30,’ 97. Dec. 31, ’96.
Bonds and mortgages...............
$437,069
$164,069
$459,069
Stock invest’s (market value)..
787,749
1,089,963
1,256,274
Amount loaned on collaterals. I1,629,250
---------813,275
955,524
Am 't loaned on pers’l securit’s.
414,378
429,556
187,737
Cash on hand. ..........................
20,853
18,445 )
373,223
Cash on deposit........................
191,710
235.005
Other assets..............................
29.184
22,660
25,928
Total..................................... $3,510,193
Liabilities.
$500.000
Capital stock.............................
Undivided profits.
297,967
Deposits intru st.............
2,702,484
Other liabilities...............
9,742
$3,072,974
$3,267,855
$500,000
271,530
2,241,255
60,139
$500,000
243,138
2,483,996
35,721
Total..................................... $3,510,193
$3,072,974
$3,267,855
Supplementary.
Tot. am’t of profits during y ’r.
$137,723
$70,040
$161,470
Int.credited dep’s, same per’d.
50,873
23,4 0
59,288
Exp of institution, same per’d
25,576
11,967
23,040
Amt.of divs. deol’d, same per’d
30,000
15,0)0
30,000
Amt of dep.on whiohint.is ail’d 2,690,464
2,239,878
2,480,969
Rate of interest......................I 1* to
p.o.
1 ^ 0 3 hi p.o. 1 to 3** p. 0.
NEW YORK LIFi INSURANCE & TRUST COMPANY
Resources.
Dec. 3 ' ’97 June 30,’ 97. Dec. 31, ’ 96.
Bonds and mortgages............... $3,315*,234
$3,782,784
$3,482,534
Stock invests, (market value).. ’ 9,103,068
11,587,473
11,461,298
Amount loaned on collaterals. 6,607,187
3,828,728
3,905,658
Ain’t loaned on pers’l seourit’ s 5,095,286
8,865,817
5,432,908
Real estate (estimated value)..
443,840
443,940
4-18,727
Cash on hand................
3,050,000
2, 200,000
2,625,000
Cash on deposit...... .................
132,064
607,447
133,713
Other assets............................... 1,380,157
1,241 072
1,183,020
Total......................................$29,126,836
Liabilities.
Capital stock............................. $1,000,000
Surplus fund.............................. 2,822,556
Undivided profits.......................
41,977
Deposits in trust....................... 23,448,596
Other liabilities........................
1,813,707
$32,557,261 $28,662,860
$1,000,000 $1,000,000
2,732,079
2,644,675
4 3 ,i6 l
3 ),210
26,934,838 ' 23,158,447
1,847,183
1,826,628
Total......................................$29,126,836 $32,557,261 $28,662,860
Supplementary.
Total am’ t profits dur'ng year. $1,353,255
$1,351,344 $1,406,443
rnt. credited dep’s •¡ame per’d.
63 >,897
733,301
780,«71
Exp. of institution, same per’d
118,532
102,054
99,965
Am’t o f divs. deol d.sameper’d
400,000
400,000
400,000
Amt.ofdHp.onwhiohint.isail’d 23,448,5)6
26,934,338 23,158,447
Rate of interest........................ 1 to 5 p. c.
1 to 5 p. o.
1 to 5 p. 0.
NEW YORK SECURITY & TRUST COMPANY.
Resources.
Dec. 31, ’97.- June 30.’97. Dec. 31, ’9 6 .
Bonds and mortgages...............
$369,950
$430.700
$573,000
Stock Invest’s (market-value).. 5,533,384
4,006,218
3,359,704
Am’ t loaned on collaterals__
7,553,393
4,289,353
3,917,328
Am’ t loaned on pers’l securit’ s. 2,037,813
1,661,047
1,659,948
Cash on hand. ..........................
23,«59
19,033)
1 ,1 1 5 ,3 0 1
Cash on deposit.......................... 2,489,440
5,424,316)
OtUer assets.......................
177,839
138,827
121,070
Total..................................... $18,185.4'8 $15,969,494 $10,746,351
Liabilities.
Capital stock............................... $1,000,000
$1,000,000
$ 1,000,000
Surplus fund............................... 1,500,000
1,250,000
1,250,000
Undivided profits.......................
93,081
235,104
161,112
Deposits in trust........................ 15,558,444
13,451,741
8,300,(-25
Other liabilities..........................
33,953
32,649
35,214
Total......................................$18,185,478 $15,969,494 $10,746,351
Supplementary.
T ot amt. of profits during year
$663,633 $637,864
$606,193
Int. credited dep’s same per’d.
254,128
196,904
171,118
Exp. of institutn same per’d..
80,471
82,448
75,585
Am’ t of div. decl’d same per’d..
100,000
10",000
100,000
Am’to f dep.onwhich int.is ail’d
14,737,634 12,662,459
7,656,603
Rate of interest......................... 1 to 4 p. 0.
1 to 4 p. 0.
1 to 4 p. 0.
NORTH AMERICAN TRUST COMPANY.
Resources.
Dee. 31,1897.
Bonds and mortgages . . . . . . . . . . . . . . . . .
.....................
$16,48«
Stock investments (market value)........
....................
895,184
Amount loaned on collaterals.. . . . . . . ..
----------------15,000
Amount loased on personal securities.
...................
29,438
Real estate (estimated value)................
............ .......
134,015
fa sh on hand ...........................................
........ .
2 ;S «i
Cash on d e p o s it .......................... ...
478,816
Other assets............. ..............................
.....................
29;47«
...............- ....................................................
$1,631,307
THE CHRONICLE.
J a n u a b y 29, 1898,J
NORTH AMERICAN TRUST COMPANY—I Concluded).
Liabilities.
~
Dee. 31, ’97.
Capital stock.............................................................................
$1.000,000
Undivided profits ..............................
278,174
282,873
Deposits to »rust.. . . . . . . .................. . ...................... ........ ...
General deposits, payab'e on demand..............
70,260
Total......................
Supplementary.
Total amount of profits during the year.......... .................
Expenses of institution, same peiiod.__
. . . . . _____ _
Amount of dividends declared, same period ............... .
Amount o f deposits on which interest is allowed.......... .
Bate of in tere st..........................................................
$1,631,307
322.585
104,589
50,553
4 ' ,384
2 p. o.
PEOPLE’S TRUST COMPANY (BROOKLYN.)
Resources.
Dec. 31, 97. June 30,’97. Dec. 31, ’ 96.
Bonds and mortgages................
$753,758
$701,013
$687,688
Stock invest’ts (market value). 2,9«2, 37
3,735,253
3,555,106
Amount loaned on collaterals.. 4,351,889
2,705,482
2,532,888
Am’t loaned onpers’l seou it’s.
338,096
310,355
272,979
Real estate (estimated value)...
79,500
79,500
60,000
Cash on hand
.......................
63,412
50,935 ) 1,310,201
Cash on deposit. .......................
686,372
720,762 (
200,287
Other assets................................
138,935
185,349
Total....................................... $9,435,951
Liabilities.
Capital stock ............................... $1,000,000
Surplus fu n d ............................. 1,000,000
Undivided profits.......................
174,947
Deposits in trust........................
230 344
General deposits, pay. on dem., 6,868,233
Other liabilities..........................
162,427
$8,316,055
$8,730,391
$1 , 000,000
1,000,000
118,924
211,703
5,833,259
102,164
$ 1,000,000
1,000,000
68.989
340,769
6,230,350
90,233
Total................................
$9,435,951
3,316,055 $8,730,391
Supplementary.
Total am’t profits during year . $321,753
$353,830
$318,074
Int. credited dep’ ssam eper’d.
138,990
143,99 7
145,039
Exp. of institut’n, same per’d.
56,994
52,152
55,481
Am’tdivs. declared, sameper’d
. 85,000
80,000
80,000
Am’t o f dep.onwhich int.is ail’d 7,030,861
6,035.120
6,304,4.49
Rate of interest on sa m e........ 1 to 4 p. c. 1 to 31# p. o.
1 to 4 p. o.
REAL ESTATE TRUST COMPANY.
Resources.
Dec. 3 1, ’97. June 30,’97. Dec. 3 i,’96.
$3)6,600
$351,600
Bonds and mortgages...............
$300,600
1,633,656
Stock invest's (market value)..
1,520,741 1,464,667
Amount loaned on collaterals.
2,251,9o8 2,459,684
1,^23,962
Am’t loaned on pers’l securit’ s.
153,219
169,960
126,652
Cash on hand.............................
12,245
8.7(H)
Cash on deposit..........................
456,614
699,658 )
Overdrafts..................................
9.519
807
Other assets................................
37,835
31,942
Total....................................
$4,758,681
L ia b ilities.
Capital stock..............................
Surplus fund...............................
Undivided profits.......................
Deposits in trust.......... ........
Other liabiliiies.........................
$500,000
250,000
124,601
3,877,625
6,455
$5,187,086
$4,077,089
$500,000
250,000
99,483
4,330,536
7,067
$500,000
250,000
67,289
3,252,780
7,020
$5,187,086 $4,077,089
Total..................................... $4,758,681
Supplementary.
Total am’t profits during year
$188,2*7
$190,319
$189,354
Int. credited dep’s same per’d.
82,600
93,142
100,635
Exp. of institution same per’d.
37,654
40,595
41,836
30,000
Amt.of divs.decl’ d, same per’d
35,000
30,000
4,254,691
Amt.of dep.onwniohint.is ail’d 3,821,138
3,195,014
Rate o f interest..... ................... 1 to 3 p. c. 1 to 3*3 p. c. 1*3 tO 4 p. 0.
STATE TRUST COMPANY.
Resources.
Dec. 31, ’97. J w ie3 0 ,’97. Dec. 31, ’ 96.
Bonds and mortgages__
$1-,189
$7,000
Stock invest’ts (market value). 2,367,822
2,320,852
$2,361.811
Amount loaned on collaterals 6,515,446
6,924,947
5,527,486
Am’t loaned on pers’ l seourit’ s
45,500
20,250
169,000
Real estate (estimated value).
89,056
89,056
97,067
Cash on hand............................
19,730 ] 1,841,876
30,335
Cash on deposit.....................
1,202^710
1,373,050 !
Due from banks........................
47,606
Other assets...............................
45,428
75,997
185,368
Total.....................................$10,336,842 $10,897,091 $10,139,629
Liabilities.
$1,000,000 $ 1,000,000
Capital stock.............................. $1,000,000
Surplus fund...............................
500,000
500,000
500,000
Undivided profits.......................
491,114
469,468
445,457
Deposits in trust........................ 3,311,822
8,870,484
8,11 "’,158
78,011
Other liabilities.........................
33,906
57,139
Total......................................$10,336,842 $10,897,091 $10,139,629
Supplementary.
Tot. amt. of profits during year $3 73,247
$409,298
$406,649
160,142
Int. credited dep’s, same per’d.
149,427
160,715
Exp. o f institut’n same per’d.
100,458
105.833
108,968
Am’t o f div. d cl’d.s tme per’d.
60,000
60.000
60,000
7,097,510
Am’tofd**p onwhioh int.is ail'd 7,303,417
7,762.816
1 to 4 p. o.
Rate of interest........ .. . .......... 1 to 4 p. c.
1 to 4 p. o.
TITLE GUARANTEE & TRUST COMPANY.
Resources.
Dec. 31, ’97. June 30,’ 97. Dec. 31, ’ 96,
Bonds and mortgages............... $3,831,930
$3,60*,671
$3,500,348
Stock invest’ts (market value). 1,070.250
1,070,250
1,070,250
Amount loaned on collaterals.
185,^05
114,742
307,114
Real estate (estimated value)..
170,000
170.939
119,934
Cash on h a n d ............................
2,117
4,028)
318,895
Cash on deposit................ .. .
445,383
491,679 >
P la n t.................
611,298
458,000
472,430
Other assets................................
....
190, 70
158,579
T o ta l.......................
$6,366,483
Liabilities.
Capital stock............................. $2,50o,000
Surplus fund............................... 2,000,000
Undivided profits.......................
253,496
Deposits in trust.......................
3,986
General deposits, pay. on dem.
906,771
Other liabilities........
702,23#;
$6,175,367
$5,877,352
$2,500,000
2,009,000
183,325
2,5°0
830,878
658,584
500,000
00 ',000
52,748
1,218
904,586
418,500
To,tasi . . . .......... ...................... $6,366,483
$6,175,367
$5,877,352
241
TITLE GUARANTEE & TRUST COMPANY ( Concluded)
Supplementary.
Dec. 31 ,’97. June 30,’ 97. Dec. 31, J96.
Tot. am’t profits daring year... $L,003,979
$893,113
$870,030
Int.credi edde Vs,same per’d.
22,929
21,330
24,279
E*p. of iustitut’ n. same p e ’d.
508,809
494,293
515,831
Am’tdivs. declared same per’d
200,000
200,000
140,000
Am’t o f iep.on whiehint.isalPd
1,317.206
1,185.074
1,068.614
1 to 4 p. o.
1 to 4 p. o.
Rate ofin terest....................... . 1 to 5 p. o.
UNION TRUST COMPANY.
Resources.
Dec. 3 1, ’ 97. June 30,’97. Dec. 31, ’96.
$ 2,05i0,616
Bonds and mortgages............. $2,157,516 $2,170,616
Stock invest’ts (market value). 7,281,979
7,909, 264
4,441,400
Amount loaned on collaterals. 26,938,162
18,611,098
25,140,9u0
Amt. loaned^: ners’ l seourit’ s
497,083
.... ...
.. .
Real estate (estimated value). 1,900.000
1,900,000
1,900,000
3,047,358)
Cash on hand............................. 3,029,766
Cash on deposit.........................
1,293,095
2,112,055)
a ,» » » ,» « »
O erdrafts......... .
....... ...
93
____
Other assets...............................
480,114
327,640
437,099
T o t a l...................................$43,581,908 $36,077,031 $38,409,909
Liabilities.
Capital stock.............................. $1,000.000 $1,000,000
$1,000,000
Surplus fund..................... ........ 5,3 »2,685
5.3 <5,910
5, 213,302
D eposit *n trust.......... ............ 36,747,6 HO 29,323,850
31,766.333
411.563
417,251
429,274
Other liabilities.........................
T ota l..................................$43,581,908 $36,077,031 $38.408,909
SujyplcwiGYvtcii*,y •
Tot. am’to f profits during year $1,326,448
$1,422,256
$1,520,644
Int. credited den’ s, same per’d
622,305
629,936
644,164
Exp. of institution, same per’ d
20 <,175.
215,344
2 24,79$
Am’t of divs.deol'd same per’d
320 000
3 20,030
300,000
Amt ofdep.ouwhiohint isall’d 35,084,677 28,049.022
29,651,424
Rateof interest ............. 1 to 4 p. o.
1 to 4 p. e.
1 to 4 p.'o.
UNITED STATES MORTGAGE & TRUST COMPANY.
Resources.
Dee. 31, ’97. June 30,’ 97. Dee. 31,’96.
Bonds and mortgages. . . . . . . . . . $6,«80,014 $5,412,239
$4,878,136
Stockinvest’s (market value).. 3,3*3, *74
2,632,779
3,631,509
Loaned oh collaterals..... ......... 4,468,713
5,838,401
2,950,887
Loaned on personal securities.
52,515
103,635
6,509
Real estate (estimated value)..
21t,°00
217,370
127,000
30,574
29,863
10,045
Cash on hand.............................
Pash on deposit.......................... 1,282.400
2,423,522
1,102,812
Foreign department. . . . . . . . . .
497,400
............
.......
Other assets ..............................
237,891
231,815
193,869
Total.............................. .....$16.207,481
Liabilities.
Capital stock............................... $2,000,000
Surplus fund ............................ 1,25«,000
Undivided profits.......................
143,158
Deposits in trust........................ 1,123,784
General deposits, pay. on dem.. 6,155,287
Other liabilities.......................... 5,530,252
$16,944,724 $12,905,759
$2,000,000
1,100,000
193,101
1,055,760
7,977,658
4,603,205
$2,000,000
1,100,009
102,* 57
241,698
5,341,8'9
4,120,185
T o t a l.................................... $16,207.481 $16,944,724 $12,905,750
Supplementary.
Tot. am’to f profits during year.
#9*9,233
$861.315
$737,58$
Int. credited dep’ s, same per’d.
208,325
175,314
15 >,82 4
Exp. of institution, s tme per'd. * H R ,737
110,943
104,194
Am’t o f di vs deol’d, same per’d.
120,000
120,900
120,009
Am’ tofdep.onwhioh int.is ail’ d 6,680,350
8,598,514
4,897.874
Rate of interest.......................... 1 to 4 p. e.
1 to 6 p. e. 1 to 3 *a p. o.
UNITED STATES TRUST COMPANY.
1?/»0/)4/
Y'f'PQ
Dec. 31. ’ 97. June 30,’ 97. Dee. 31, ’96.
Bonds and mortgages............... $4,384,583
$4,366,083
$3,481,509
Stock invest’ts (market value). 13,929,766
15,381,100
13,067,202
Amount loaned on collaterals. 20,866,512
19,450,512
18,127,047
Am’t loaned on pers’l seourit’s 11,629,999
13,577,435
10,000,878
Real estate (estimated value).. 1,000,000
1,000,000
1,000,000
Cash on deposit...............
2,941,833
2,024,937
2,576,75$
Other assets................................
749,400
742,060
396,747
T ota l......................................$56,002,098 $56,545,127 $48,650,127
Capital stock.............................^ 2,(> 00,000
Surplus fund............................... 9,846,452
Undivided profits.......................
362,900
Deposits in trust and general
deposits, payable on demaad. 42,875,335
Other liabilities..........................
917,411
$2,000,OQO
9,692,884
334,9o4
$2,000,000
9,565,773
257,139
43,561,138
953,201
35,970,129
857,086
T ota l...................................... 56,002,098
56,545,127 $48,650,127
Supplem entary.
Tot, am’t of profits during year $2,263,489
$1,142,897
$2,111,155Int. cred dep’ s. same period..
918,547
431,209
9°8,746
Exp. of institution, same per’d.
132,158
70,619
134,890
Am’ t o f divs deold same per’d
8 >0,000
400,000
800,000
Amt.of dep on which int.is ail’ d 41,948,265 42,736,883
35,671,924
Rate of interest......................... l t o 3 p . o.
l t o 3 p . o. l t o a 's p . p.
WASHINGTON TRUST COMPANY.
Resources.
Dec. 31, ’ 97. June 30,’97. Dec. 31, ’96
Bonds and m ortgages...............
$151,100
$145,100
$108,100
Stock invest’ts (market value). 1,037,680
619,327
919,548
Amount loaned on collaterals.. 3,813,600
3,603,400
3,419,300
Amt. loaned on pera’l securit s.
106,350 .
16,350
........
Cash on hand........................
2,806
2,859)
A7i
Cash on deposit..........................
452,411
941,164)
Other assets................................
41,064
40,273
51,992
Total...................................... $5,605,011
Liabilities.
Capital s to ck .............................
$500,000
Surplus fund........ .....................
500,oo0
Undivided profits........ i . . i ........
63,062
Deposits iu trust, and general
deposPs payable on demand. 4,526,092
Other liabilities..... ............. .
15,857
$5,368,473
$4,969,411
$500,000
500,«00
38,626
$500,000
4 *0,000
115,093
4,313,523
16,324
3,936,274
18,044
Total.................................... $5,605,011
$5,368,473
$4,069,411
Supplementary.
Tot. am’to f profits during year.
$223,166
$217,562
$192,795
Int. credited dep’s same per’d.
95,323
87,597
7 7,87§
Exp. of instit'ii’n same per’d ,.
35,437
35,175
35>17»,
Am’t of divs. decl’d same per’d
35 j9Q0
30,0 >0
3**,OOP
Amt.of dep.onwhichmt.is ail'd 4,410,957
4,243,124
3,897,798
Rate of interest............. to 3<« p. o. 1 to 3*4 p. c. 1 to 3 *« p. o,
242
^ Ite
THE CHRONICLE.
® 0m m jcccia X
COMMERCIAL
fV o L . L X V I .
jin x e s .
T h e M o v e m en t
EPITOME.
op
C O T T O N .
F r i d a y N i g h t , January 28, 1898.
t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 208,710 bales,
F r i d a y N i g h t , January 28, 1898.
23H.910 bales last week and 271,472 bales the previous
W ith few exceptions, trxde reports, have been of an en against
week, making the total receipts since the 1st of Sept., 1897,
«ouraging nature. A seasonable volume of business has 6,?87^59 bales, against 5,540.093 bales for the same period of
been transacted in most staple products and prices realized 1896-7, showing an increase since Sep.l,1897,of 1,047,766 bales.
have been as a rule satisfactory. Severe weather, however»
Receipts at—
Sat.
Mon. Tries.
Wed. Thurs. Fri.
loiul.
has been experienced in the Northwest and has had a tend,
Galveston........ 4,760 12,031 4,878 5,274 6,719 6,999 40,711
ency to temporarily interrupt trade in that section. The
Tex. City, &o. ........
......
......
......
......
2,8 9
2,879
unequivocal declaration of the President, in an address made New Orleans... 6,496 19,201 19,507 8,476 8,697 11.970 74,317
in this city to manufacturers at their annual convention, fo r Mobile............. 2,859 2,096 2,500 2,417
615 2,219 12,706
......
......
......
6.403
6,408
"the maintenance of sound currency has been received with Florida............. ........
Savannah........ 2,131 3 440 5,230 2,038 3 , l s8
much show of satisfaction. The debate in the Senate on the
Brunsw’k.&c.
14,786 14,786
resolution for the payment of bonds in silver has attracted Charleston..... 1,484 2,237
241 3,128 1,908
772
9,770
but little attention. More interest has been taken in the
Pt. Royal,&e. ........
........
........
......
......
209
209
356
539
702
321
442
535
2,695
meeting of the Monetary Convention at Indianapolis, and Wilmington,...
........
Wash’ton,&c.
......
......
37
37
the adoption of the currency plan proposed. The political
Norfolk............ 1,308
836 1,613 1,133 1,160 1,705
7,755
situation in the Ear East has become less threatening and the N’p’t News, &o. ........ ........ . . . . .
927
......
927
uneasiness shown over the Cuban situation has disappeared.
New Y ork.......
610
825
852
586
554
503
3,930
Lard on the spot has had only a limited sale, but there has Boston.............
641
549 1,538 2,003
543 1,722
6,996
been a steadier tone to the market and prices have advanced Baltimore....... . . . . . .
3,148
3.148
slightly, closing firm at 5’10c. for prime Western, 4,75c. for Philadel’a, &o..
112
356
463
535
365
2,269
438
prime City. Refined lard has been firmer but quiet, closing
at 5*25c. The local market for lard futures has been neg Tot. this week 20,757 42,160 36,877 26,558 24,161 58.197 208,710
lected, but at the West there has been a moderately active
The following shows the week’s total receipts,the total since
and higher market on light receipts of swine and in sym Sept; 1,1897, and the stock to-night, compared with last year.
pathy with the advance in grain. Selling by packers, how
1897-98.
1896-97.
Stock.
ever, has served to hold the market in check to an extent.
D A ILY CLOSING PRICES OF LARD FUTURES.
Sat.
May delivery................ o. 5 ’12
M on.
5-20
T u es.
5'25
Wed.
5-25
T h u rs.
5-25
F ri.
5‘25
Pork has been in fairly active demand and firmer, closing
at $9 75@$10 for mess, 810@$12 25 for family and $1»'@$12 for
short cU ar. Beef has been in better demand and firmer,
closiDg at $8 50@$9 50 for mess, $9@$10 25 for packet, $10@
$11 5o for family and $16@$17 for extra India mess. Beef
hams have been steady at $28@$34. Tallow has been quiet
but steady, closing steady at 3 1 -lfic. Oleo stearine has been
unchanged at 4%@4%c. Lard stearine has been steady, clos
ing at 5%c.
Cottonseed oil has been dull but steady at 22%@22%c. for
prime yellow. Butter has had a fair sale and fancy grades
have held firm, closing at 14@-0c. for creamery. Cheese has
been quiet, but steady at 6J^@9^c. for State factory, full
cream. Fresh eggs have been quiet and easier, closing at
19^c. for choice Western.
The Brazil grades of coffee have had only a very moderate
sale, but prices have held steady with the primal markets,
closing at 6 %c. for R io No. 7 on the spot. The mild grades
have been in moderately active demand for desirable grades,
and steady prices have been paid, closing at 8%@9c. for good
Cucuta. East India growths have been quiet and unchanged
at 24c. for standard Java. There has been a quiet market
for contracts, the speculative interest shown having been
small, and changes in prices have been unimportant. The
close was steady. Following are final asking prices:
J a n ................... 5-60o. I April.................. 5‘75o. |July............... 5-90o.
Feb...............
5’ 60o. May.................. 5 80o. Aug.................... 5-95e.
March................ 5 70o. [Ju n e................ 5 ‘85o. 1ttept.................... 6-OOo!
Raw sugars have been quiet and unchanged at, 4 l-16c. for
centrifugals, 96-deg. test, and 3 9-16c. for muscovado, 89 deg.
test. Refined sugars have been quiet at %c. decline, closing
at 5J^c. for granulated. Molasses and syrups have been
firm. Spices have been in active speculative demand and
higher. Teas have been steady.
Kentucky tobacco has been quiet and without changes.
Seed leaf tobacco has been moderately active and steady.
Sales for the week were 1,715 cases, as follows : 500 cases
1896 crop, Wisconsin Havana, 10 J 13c.; 140 cases 1893 crop,
Wisconsin Havana, 1» @10%c.; 175 cases 1896 crop, New
England Havana, 18(S35c.; 120 cases 1896 crop, New Eng
land seed leaf, 21@30c.; 150 cases 1895 crop, Pennsylvania
Havana, 123^fa>13c3.; 150 cases 1895 crop, Pennsylvania seed
leaf, l l ^ @ 1 2 !^c.; 130 cases 1893 crop, Pennsylvania seed
leaf, 12 a
150 cases 1894 crop, Gebhards, 12c , and 100
cases ’ 895 crop, Zimmer’s. 15@17c.; also 900 bales Havana at
55c.@$l 10 in bond, and 150 bales Sumatra at 70c.@$i 85 in
bond.
There has been a fairly active demand for Straits tin, and
as foreign advices have been stronger prices have advance!
to 13*90@13 95c. Ingot copper has been in demand for ex
port and firm, closing at U @ lU ^c. for laks. Lead has been
quiet and easier, closing at 3 60c. for domestic. Spelter has
been in moderate demand and steady, closing at 3 90@3‘95c
for domestic. Pig iron has been quiet and easy at $9 75^t $12
for domestic.
Refined petroleum has been moderately active, closing at
5‘40c in bbls., 2 90c. in bulk and. 5*90jQ. in cases; naphtha
quiet at 5 50o. Crude certificates have been steady; credit
balances have been unchanged at 65c. Spirits turpentine has
been dull and unchanged at 34}^@34^c. Rosins have been
steadier, closing at $ 1 4 2 ^ @ 1 45 for common and good
strained. Hops have been quiet but steady. W ool has had
a fair sale at fu ll valaes.
Receipts to
Jan. 28.
Galveston...
Tex. C.,&o.
New Orleans
M obile........
Florida........
8avaonah...
Br’ wiok,<fcc.
Charleston..
P.Royal,&c.
Wilmington.
Wash’n, &o.
Norfolk.......
N’portN.,&c
New York...
Boston........
Baltimore. .
Philadel, <fco.
This Since Sep.
week. 1,1897.
This
week.
Since Sep.
1,1896.
40,711 1,584,235 20,584 1,153,167
2.879
65,188
1,943
79,041
74,347 1,931,738 49,743 1,691,591
12,706 282,185 13,262 235,214
6,403
81,770
190
64,072
18,937 956,667 22,989 693,789
14,786 177,831
2.984 130,‘•32
9,770 397,728
8,112 342,637
209
51,017
58,423
3
2,695 286*770
3,676 222,09 i
11
37
78 2
1,060
7,755 468,461
7,059 609,836
927
13,110
379
13,451
3,930
59,467
41,223
1,389
6,996 134,680
4,513 126,018
45,627
44,360
3,149
998
467
2,269
50,325
28,532
1898.
211,032
1897.
542,799
62,615
113,484
6,218
416,688
36,561
119,451
1,940
39,686
87,016
3,377
36,211
15,3 51
9,094
67,702
1,225
169,679
48.0 >0
27,683
13,732
28,564
1.594
292,753
30,500
22,241
9.286
Totals....... 208.710 6,587,859 138,30 i 5,510,093 1,311,8 5 1,0<«,5-<7
In order that comparison may be made with other years,
we give b d o w the totals at leading ports for six seasons.
Receipts at—
1898.
1897.
1896.
1895.
1894.
1893.
Galves’n,&c.
New Orleans
Mobile.........
Savannah...
Chas’ton, &c.
Wilm’ton, &o
Norfolk.......
N. News, &c.
All others...
43,590
74,347
12,706
18,937
9,979
2,932
7,755
927
37,537
22,527
49,743
13,262
22,939
8,115
3,687
7,059
379
10,541
15,938
47,419
7,790
15,581
8,49 H
2,965
11,767
937
11,907
37.5->9
70,863
10,439
18,313
23,044
3,813
9,503
8,6117,608
17.2 ¿2
49,713
2,316
13,080
4,014
1,604
9,308
7,794
11 669
15,710
38,934
5,095
9,512
2,929
981
3,935
1,791
7,926
19 L8 15 116.748
86,363
Tot. this wk.
209,710 138,302
122,902
Since Sept. 1 «587 859 5540,09 <4035,122 «218,3 !5 4913.7 *3 4<’6 ’ ,771
The exports for the week ending this evening reach a total
of 231,974 bales, of which 84,938 were to Great Britain, 5 »,115
to France and 9t,v*51 to the rest of the Ccnjinent. Below
are the exports for the week and since SsDt. 1. 1897.
from—
Week Ending Jan. 28,1898. Prom Sept. 1, 1837, to Jan 28,1898.
Exported to—
Export'd to—
Great EYance Conti lot al Great Franc Conti
Total.
nent.
Brit'n.
nent. Week. Britain.
Galveston....... 9,707 17,180 19,i 76 46,02.3
376
Tex. City, &c..
376
New Orleans.. 33.408 28,081 19,898 81,*80
6,381
6,381
Mobile.............
6,408
Pensacola......
0,408
3,788 10,995 14,783
Savannah.......
10,012 21.171
Brunswick. . .. 11,159
C harleston....
5,335 5,335
Port R oya l....
W ilm ington...
4,101
0.4CO 10,501
Norfolk...........
699
699
N’ port N., &c..
7,965 21,32)
New V ork...... 12,302 1,067
3,020
38 3,058
B o sto n ...........
2,523
6,616 9,139
B altim ore....
Philadelphia..
140
8,250 8,3 <0
San Fran., &c.
T o ta l...........
593,499 237,347
609,233
83,409
53,099
61,397
111,856
- 70,140
37,038
108,586
54,746
5,497
159,043
169,096
58,02*3
8,910
1,548
¿92,795
31,547
20*
31,79- -1,9 -8
289,554 1.117,400.
16,191
10,191
401,44 3 1,303,470
2?,990 111,405
24,6 38
77,747
445,140 539,084
41,947 156,803
118,502 194,702
8,000
45,038
151,911 260,497
77,390
22,644
544
0,241
118,93* 309,773
3,584 162,680
07,550 127,504
1.25i
10,160
69,083
70,031
89,908 50,115 94,961 234,974 2,178,123 596,075 1,811,977 4,586 776
Total, 1896-97. 80,628
725 58,381 139,736 2,v87 015 4-9,013 1.366 908 4.143.596
THE CHRONICLE
J a n u a r y 29, 1898.]
In a d d itio n t o a b o v e e x p o rts , o u r te le g ra m s t o -n ig h t a lso
g iv e u s th e fo llo w in g a m o u n ts o f c o t t o n o n sh ip b oa rd , n o t
o le a re d , a t th e p o r ts n a m ed .
W e a d d s im ila r fig u re s f o r
N e w Y o r k , w h ic h are p repa red f o r o u r s p ecia l u se b y M essrs,
L a m b e r t & B a rrow s, P r o d u c e E x c h a n g e B u ild in g .
O N S H IP B O A R D , N O T C L E A R E D P O R —
Jan. 28 at
N e w O r ie a n s ...
G a lv e s t o n ..........
S a v a n n a h .........
C h a r le s t o n .......
M o b i l e ................
N e w Y o r k .........
O th er p o r t s ___
Other Coast
Great
Britain. France. Foreign wise,
2 6,6 03
1 8 ,0 0 0
4 .0 0 0
2 ,n 0 0
3 0 .0 0 0
5 .0 0 0
3 ,7 0 0
2 0 .0 0 0
T o t a l 1 8 9 8 ... 1 0 9 ,8 0 8
T o t a l 1 8 9 7 ...
T o ta l 1 8 9 6 ...
8 7 ,5 3 2
9 0 .2 3 6
6,741
1 0,0 00
N on e.
N on e.
N on e.
N on e.
1 ,2 0 0
N on e.
3 9 ,1 9 9
1 0 ,0 0 0
5 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
8 .5 0 0
6 ,9 0 0
2 0 ,0 0 0
3 ,4 0 1
6 ,0 0 0
1 ,0 0 0
1 ,6 0 0
N on e.
8 ,5 0 0
N on e.
N on e.
17,941 1 0 9 ,5 9 9 2 0 ,5 0 4
2 1 ,5 0 1
1 6 ,9 3 9
6 5 ,9 7 9
8 4 ,0 4 2
5 ,1 8 0
1 8 ,0 9 2
Leaving
stock.
Total.
7 5 ,9 5 2
4 4 .0 0 0
1 0 .0 0 0
1 4 .1 0 0
4 0 .0 0 0
2 ¿,0 0 0
1 1 ,8 0 0
4 0 .0 0 0
4 6 6 ,8 4 7
1 6 7 ,0 3 2
1 0 9 ,4 5 1
2 5 ,5 8 6
2 2 ,6 1 5
4 5 ,7 0 2
1 4 8 .8 7 9
6 7,9 31
1 on .
n , 6 on .
% on.
% on.
316 off.
7 ,6 off.
78 0ff.
G o o d O r d in a r y ............... o.
G o o d M id d lin g T i n g e d .. .
S tr ic t M id d lin g 8 t a in e d . .
M id d lin g S ta in e d ...............
S tr ic t L o w M id . S ta in e d .
L o w M id d lin g S t a i n e d ...
1 % o ff
E ven.
732 o il
716 offU s o ff.
l^ o ff.
O n th is basis th e o fficia l p r ice s f o r a f e w o f th e g ra d es f o r
th e p a st w e e k — J a n . 22 to J a n . 28— w o u ld be as fo llo w s .
U PLAN D S.
S a t.
g
oS& S'
C®
a ® g. P 33 .
•Ö® "’ ’g
io S
5+pS
a.«*
s e .?
e E
iff
g
SP:• 8I
m ® ®Ä
<D©
M on T ues W ed
Th.
F r i.
G o o d O r d in a r y ..............................
L o w M id d lin g ................................
M id d lin g ...........................................
G o o d M id d lin g ...............................
M id d lin g F a ir .............................. .
S T A IN E D .
L o w M id d lin g .................................
M id d lin g ...........................................
S tr ic t M id d lin g ..............................
G o o d M id d lin g T in g e d ...............
S a t.
4 78
5 u ie
6^8
6%
613, „
S a t.
4%
57, «
5-132
578
4»8
57l6
5 78
61s
69, A
45s
57le
5 78
618
6 9,«
513
§1*16
6*1«
66s
M on T ues W ed
47g
ö liis
6*8
6%
613,„
4 78
5111«
618
638
613,6
415,6
5%
6 3 ,e
6 >
678
M on T ues W ed
4%
57l6
52 lg.
5 78
4%
57,6
5218i
578
45 lg
512
52332
515,6
6ifl
5 l3 16
61 6
60s
5ifl
515.6
6 3 .6
65s
T il.
F r i.
4 l 5 ,t
5%
6 3,e
67,6
6 7s
415.6
5%
63.6
67.6
6 78
Th.
F r i.
51«
5183.
515,«
45,6
5ifl
5 2 3 ,2
515,0
T h e q u o ta tio n s fo r m id d lin g u p la n d a t N e w Y o r k on
J a n . 28 f o r ea oh o f th e past 32 yea rs h a v e b e e n as fo llo w s .
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G o o d O r d in a r y ..............................
L o w M id d lin g .................................
M id d lin g ...........................................
G o o d M id d lin g ...............................
M id d lin g F a ir .................................
121!
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OR •
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9 1 8 ,3 9 5
7 8 0 ,1 9 1
S p ecu la tion in co tto n f o r fu tu re d e liv e ry has con tin u ed
q u ie t, b u t p rice s s h o w a m o d e ra te a d va n ce. E a rly in th e
w e e k , h o w e v e r, th e re w as a s lig h tly easier ton e, a nd va lu es
eased o ff a fe w p oin ts u n d er liq u id a tio n b y a fe w tired
h old ers, tb e p o litica l situ ation in th e F a r E ast h a v in g also an
u n fa v o ra b le in flu en ce.
S u b seq u en tly th ere d ev elop ed a
stea d ier ton e. T h e m o v e m e n t o f th e c r o p sh ow ed a fa llin g
o ff, a nd as a d vices fr o m th e S ou th rep orted con tin u ed ba d
w ea th er, n o im m e d ia te in crease in th e receip ts w as exp ected .
T h e S ou th ern m a rk ets w ere rep orted as steady to firm , w ith
p rice s s lig h tly a b ove a p a rity w ith th ose r u lin g lo c a lly . T h e
d em a n d f o r co tto n a t th e S ou th w a s fa ir ly g o o d , b o th to
fill o ld co n tra cts an d in th e w a y o f n e w busin ess, as
th e C o n tin en t w as a b u y er. L iv e rp o o l w a s a b u y e r o f c o n
tra cts in th e lo c a l m arkets, la rg e ly , h o w e v e r, it w a s cla im ed ,
to c o v e r co n tra cts , as L iv e r p o o l operators, it w a s stated,
w e r e u n d o in g “ stra d dles.” T h is dem a n d served to g iv e
a d d ition a l to n e to th e m arket, an d th e f a c t th a t th ere w as
som e b u y in g b y lo c a l operators b o th to co v e r sh orts sales and
f o r in vestm en t a cco u n t h elped to stren gth en valu es. T h e
e x p o rt m o v e m e n t o f co tto n has con tin u ed la rge. T o-d a y
th ere w as an u n settled ton e t o th e m a rk et. E a rly in th e da y
th ere w a s m od era te b u y in g , la rg e ly b y sh orts to c o v e r co n
tra cts, a nd prices advan ced. Su b seq u en tly, h o w e v e r, lo c a l
lo n g s so ld to rea lize profits, p ro m p te d b y an ex p ected in
crea se in th e cr o p m ov em en t, an d th e ea rly im p rov em en t
w a s lo st, clo s in g steady a t u n ch a n g ed p rice s to 2 poin ts d e
c lin e f o r th e day. C otton on th e sp ot has been q u ie t, b u t on
W e d n e s d a y p rice s w e re a dva n ced 1 16c. T o -d a y th e m a rk et
w an d u ll and u n ch a n ged at 5 15-16c. fo r m id d lin g uplands.
T h e ra tes o n a n d o ff m id d lin g , as esta b lish ed N o v . 17, 1897,
b y th e R evisio n C o m m itte e , a t w h ic h g ra d e s o th e r th a n
m id d lin g m a y b e d e liv e re d on c o n t r a c t , a re as fo llo w s .
F a ir ...................................... o.
M id d lin g F a ir .......................
S tr ic t G o o d M id d lin g ........
G o o d M id d lin g .....................
S tr ic t L o w M id d lin g .........
L o w M id d lin g ....... ..............
S tr ic t G o o d O r d in a r y ........
T h e S a l e s a n d P r ic e s o f F u t u r e s at New Y ork, areshown in the following comprehensive table.
2 5 7 ,8 5 2 1 ,0 5 4 ,0 4 3
1 8 0 ,1 9 2
2 0 9 ,3 0 9
243
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1 8 9 8 .. ..0 . 515,fi 1 8 9 0 .. . . c . l l
1 8 8 2 .. ..c .1 2
1 8 7 4 ___ c .1 5 78
1 1 i. 1 1 1 1 1 i. 1 1 ^
CR
0^
1 8 9 7 .. . . . . 75,0
1 8 8 9 .. . . . . 9 7s
1 8 8 1 .. — l l ,5 ie 1 8 7 3 ..
....2 1 %
1 8 9 6 .. . . . . 8 %
1 8 8 8 .. --..1 0 1 1 ,6 1 8 8 0 .. . . ..1 2 » 3 ie 1 8 7 2 ......... 2 2
1
® 1
® 19 : ® 10 : ® 1« : ®
1 8 8 7 .. . . . . 9ia
1 8 9 5 .. . . . . 559
1 8 7 1 .......... 155s
1 8 7 9 .. - - - - 9716
1 8 9 4 .. ----- 81,6
1 8 8 6 .. ----- 9*16
1 8 7 0 .......... 25®8
1 8 7 8 .. . . . . H i «
I I
I I
1 8 6 9 ..
....2 8 %
1 8 8 5 .. . . . . 1 1 %
1 8 9 3 .. . . . . 91«
1 8 7 7 ..
1 8 9 2 .. . . . . 71a
1 8 8 4 .. ....1 0 1 1 ,6 1 8 7 6 .. . . . . 1 3 %
1 8 6 8 ..........1 8 %
1 8 8 3 .. . . . . 1 0 3 6
1 8 7 5 .. . . . . 1 5 %
1 8 6 7 .......... 33*2
1 8 9 1 .. . . . . 9 %
T h e fo llo w in g e x c h a n g e s h a v e b e e n m a d e dur<n< th e w e e k :
______
__________, ___ _ 0 _____________________ H_____ d w e r e c h a n g e d .
•03 p d . t o e x o h . 2 0 0 M a y f o r J a n e ,
A c c o r d in g t o t h e n e w cla ss itica tio n M id d lin g w a s o n th a t d a y q u o t e d •12 p d . t o e x o h . 2 0 0 M a y fo r O ct
•20 n<1. t o e * e h . 8 0 0 F eb. f o r A n g.
•12 pd. t o e x c h . 1 0 0 A p r f o r A u g .
Sgc. l o w e r t h a n M id d lin g o f th e o ld cla ss ifica tio n .
0 3 p d . t o e x o h . 6 0 0 A p r . f o r M ay. •04 p d . t o e x c h , 2 ,1 0 0 F e b . f o r M ch ,
•06 pd. t o e x c h . 3 0 0 J u ly fo r O ct.
•03 o<i. t o e x o n . 2 0 0 J a n f<-r M ch ,
M A R K E T AND SALES.
•02 p d . t o e x o h . 2 0 0 J a n . f o r M ob.
•19 p d . t o e x c h . 2 0 0 Feb f o r A u g .
S A L E S O F SP O T A N D C O N T R A C T .
•09 pd. to e x c h . 1 ,3 0 0 M ay fo r A u g . •11 p d . t o e x o h . 3 0 0 F e b . f o r M ay.
Sales o f •12 pd. t o e x c h . 1 00 F eb. f o r J une. •07 pd. t o e x c h . 2 ,ó 0 0 M o b .fo r M ay,
SP O T M A R K E T
Con- Spec- Con
Ex
Futures. •03 pd. t o e x c h . 2 »0 F e b . f o r M ch. •13 pd. t o e x o h . 2 0 0 Fet>. f or J u n e .
C L O SE D .
port. sump, uVt'n tract. Total.
•10 p d. t o e x o h . 1 ,0 0 0 F eb. f o r M ay. •17 p d to e x o h . 3 0 0 F e b f i r J u ly .
•07 p d . to e x c h . 3 *0 J a n . fo r A p r.
•07 pd. t o e x c h . 8 0 0 M ch. f o r M ay
3 7 ,1 0 0 •09 pd. t o e x c h . 2 0 0 F eb. f o r M ay.
32
B at’ d a y .. Q u ie t ....................
•03 p d . t o e x o h . 1 .3 0 0 M ay fo r A u g .
____
7 2 ,4 0 0 •i 3 p d . t o e x c h . 2 0 0 F t b . f o r M e a •12 p d . to e x c h . 2 .1 0 0 Jau. f o r M ay.
....
M o n d a y . Q u ie t ..................
. . . . 1 ,0 0 0 1 ,032
....
8 9 ,7 0 0 •07 pd. t o e x c h . 2 0 0 F e b f o r A p r.
....
T u e s d a y F irm .....................
....
200
200
•03 p d . t o e x c h . 3 0 0 J u ly f o r A u g .
1 0 5 ,2 0 0 •17 pd. t o e x c h . 1 ,0 0 0 Moh. fo r O ct. •05 pd. t o e x c h , 5 0 0 J a n . f o r M ch .
....
....
W e d ’da'j Q u iet a t i ,e adv.
2 ,l 0 u 2 ,1 0 0
1 0 2 ,9 0 0 •05 pd. t o e x o h . 2 0 0 J u ly fo r A u g.
85
T h ’d a y .. vvU)6t ...................
85
•17 p d . t o e x c h . 5 0 0 J a u . f o r J u ly .
1 4 6 ,4 0 0
F r id a y .. Q u i e t ...................
....
78
....
78
....
0 6 p d . t o e x c h . 2 0 0 M ay f o r J u ly , •u6 p d . t o e x o h . 8 0 0 M<*h. f o r M a y .
•15 p d . t o e x c h . 4 0 0 M ch. f o r A u g. •16 p d . t o e x o h , 7 ,9 Q 0 M o h .f o r A u g .
•
5 5 3 ,7 0 0 •18 pd . t o e x c-4
1 95
T o t a l..
3 ,3 0 0 3 ,4 9 5
ho.oo1 ,1re0 0 J an. f o r A ©00
u4g . r»
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CO
THE CHRONICLE
244
[V o l. L X V I,
T h e V is ib l e S u p p l y o f C otton to -n ig h t, as m a d e u p b y
T h e a b o v e to ta ls s h o w th a t th e in te rio r stock s h a v e
« a b le a nd telegra p h is as fo llo w s . C o n tin e n ta l s to c k s , as w e ll d ecreased d u rin g th e w eek 11,8 8 b a les,an d are to -n ig h t 119,784
as th o se f o r G rea t B rita in and th e a float a re th is w eek ’s r e bales m ore th an at th e sam e p eriod last year. T h e re ce ip ts a t
tu rn s an d con se q u en tly a ll E u rop ea n figu res are b rou g h t d o w n all th e to w n s h av e been 75,873 b a les m o re th a n th e sa m e
t o T h u rsd a y even in g . B a t t o m a k e th e to ta l th e co m p le te w eek last yea r, a nd sin ce S e p r. 1 th e y are 1,024,782 bales m o r e
figu res fo r to n ig h t (Jan. 28), w e a d d th e ite m o f e x p orts fro m th a n f o r th e sam e tim e in 1896-97.
th e U n ite d States in c lu d in g in it th e ex p orts o f F r id a y on ly .
Qu o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s .—
1898
18«7
1896.
1895.
B elow a re c lo s in g q u o ta tio n s o f m id d lin g c o t t o n a t S o u th e rn
Stock at L iverpool....... bales. 1,014,000 1,250,000 1,103,000 1,589,000
Stock at London......................
3,000
8,000
5,000
7,000 and o th e r p r in cip a l c o t t o n m a rk ets f o r ea ch d a y o f th e w e e k
Total Great Britain stock. 1,017,000 1,259:000 1,108,000 1,596,000
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Stock at Hamburg..............
7,000
18.000
23,000 20,000 Week ending
Jan. 28.
187,000 258,000 311,000
Btook at Bremen..................... 349,000
Mon.
Satur.
Tue».
Fri.
Wednes. Thurt.
Stock at A m s te r d a m ...... . . .
3,000
7,000
8,000
16,000
5*3
5*n
Stock at Rotterdam . . . . . . . . . .
300
300
200
200 Galveston. .
5*3
5*3
5*3
5*8
Stock at Antwerp....................
7,000
11,000
12,000 18,000 New Orleans
5*4
5*4
5*4
5*4
5*4
5*4
Stock at Havre......................... 265,000
216,000 307,000 498,000 M obile.......
5*4
5*4
5*4
5*4
5*4
5*4
Stock at M arseilles...............
4,000
5,000
7,000
5,000 Savannah.
5*8
5*8
5*8
5318
5818
5sia
53,8
Stock at B a rcelon a .............
67,000
55,000
70,000 74,000 Charleston.
53,8
5*4
5*4
5*4
5*4
53s
530
Stock at G enoa.......................
28,000
43,000
55,000 26,000 Wilmington
5®8
538
538
538
57^
Stock at Trieste.......................
2,000
14,000
16,000
16,000 N orfolk___
5718
5*3
5*3
8to n .......
57g
578
578
5 78
515j8
51&18
Total Continental stocks.. 732,300 556,300 756,200 934,2"0 Bo
55a
Baltimore. .
558
58s
55(3
5*8
5«8
Total European stocks__ 1,749,300 1,814,300 1,864,200 2,580,200 Philadelphia
6*8
6*8
6*8
63i8
63X
8
6h 8
India cotton afloat for Europe
28,000
57,000 140,000
26,000 Augusta....
5*2
5*3
5*3
59,8
59je
5^16
Amer.oottonafloatfor Europe 700,000 591,000 383,000 709,000 Memphis...
55(m
5516
5®ie
5
h
«
Egypt, Brazil, &c.,aflt.for E’pe
36,000
36,000
33,000
43,000 St. L ou is...
* «
53s
5%
53s
53a
538
Stook in United States ports . 1,311,895 1,098,587 989,500 1,044,4* 8 Houston. . .
5*16
5*3
5>
57ia
5*3
Stock in U. S. interior towns.. 590970 471,186 505,878 489.801 Cincinnati.
15
5*3
5*3
5*3
5*8
5*8
United States exports to-day.
30 473
20,327
30,680
60,190 Louisville..
53s
53s
538
5*2
530
538
Total visible sunply.......... 4,446,638 4,088,400 3,949,258 4,952,619
T h e d o s in g q u o ta tio n s to -d a y (F rid a y ) a t o th e r im p o r t a n t
O f tbe above, totals of American and otker descriptions are as follow s:
S ou th ern m a rk ets w e re as fo llo w s .
American—
51% IColumbus,Miss 5ixe N ashville. . . . . .
5*4
Liverpool stook............. bales. 890,0001,097,000 906,0001,440,000 Athens.............
57,e Eufaula............
5518 Natchez............. 5 iifl
696,000 488,000 680,000 885,000 A tlanta...........
Continental stoexs.............
Charlotte.........
53s
Little
R
o
o
k
....
5
R
aleigh.............
5*4
American afloat for Europe.. 700,000 591,000 386,000 709,000
Columbus. Ga.
5*4 I M ontgomery...
530 Shreveport..... 4i5le
United States s t o c k .............. 1,311,895 1,098,587 989,500 1,044,458
United States interior stooks. 5 0,9 0 471,186 505,378 489,801
R e c e ip t s f r o m t h e P l a n t a t i o n s .— T h e fo llo w in g ta b le
United States exports to-day.
30,473
20,327
30,680
60,190 in d ica tes th e a c tu a l m o v e m e n t e a ch w e e k fr o m th e p la n ta tio n s .
Total American............... 4,219,338 3,766,100 3,498,058 4,628,449 The figu res d o n o t in c lu d e o v e rla n d re ce ip ts n o r S o u th e rn
East Indian, Brazil, <6e.—
Liverpool stook....................... 124,000 153,000 197,000 149,000 con su m p tion ; th e y a re s im p ly a s ta te m e n t o f th e w e e k ly
London s to o k ...............
3,000
8,000
5,000
7,000 m ov em en t fr o m th e p la n ta tio n s o f th a t p a rt o f th e c r o p w h ic h
Continental stooks..................
36,300
68,300
76,200
99.200
India afloat for Europe..........
28,000
57,000 140,000
26,000
Egypt, Brazil, &e., afloat____
36,000
36,000
33,000
43,000
Week
Receipts at the Ports. St’h at Interior Towns. Rec’pts from Plant’nt,
Total East India, &c........................... 227,300 322,300 451,200 324,200
nding—
1897-98 1896-97 1895.96 1897-98 1896-97 1895-96 1897-98 1896-97 1895-9«
Total American.....................................4,219,338 3,766,100 3,498,0584,628,649
Total visible su p p ly..........4,446,638 4,088,400 3,949,258 4,952,849 Dec. 24...... 366,267 310,522 223,949 641,849 588,007 596,822 368.792 322,748 235,439
Middling Upland, Liverpool..
3732d.
33l32d. '
4581. • 23132'1.
“ 31. ...
Middling Upland, New Y ork.
515 go,
75i 60.
8*40.
5®8 . Jan. 7....... 308,158 215,412 176,324 631,483 582,645 583,663 297.792 210,050 163,165
800,273 167,340 135,322 628,843 552,205 565,410 297,633 136,900 117.069
Egypt Good Brown, Liverpool
4716d.
5<%d".
65u d.
4 iiied.
“
14...... 271.472 151,811 119,887 623,557 532,119 552,608 266,183 131,755 107,036
Peruv. Rough Good, Liverpool
65jjd.
6l]gd,
55 <|d
Breaoh Fine, Liverpool..........
“
81....... 233,940 130,160 112,395 602,828 602,917 533,688 213,211 100,958 93,476
35i(jd.
3si32d.
45X(,d.
3*8(1"
Tinnevelly Good, Liverpool..
3^i#d.
4d.
43lfid.
33jgd< “ 28
2^8.710 13S,302 122 902 590 970 471,186 605 878 196,852 108,571 95,092
t W Im p o rts in to C on tin en ta l ports past w eek 148,000 bales.’
iu e amove s ta te m e n t s n o w s : I .— T h a t th e to ta l re ce ip ts
T h e a b o v e figu res in d ic a te an in cre a se m th e c o t t o n in sigh t fro m th e p la n ta tion s sin ce S ep t. 1, 1897, are 7,133 753 b a les; in
t o n ig h t o f 358.238 ba les as co m p a re d w ith th e sa m e date 1896-97 w ere 5,890,685 bales; in 1895-96 w ere 4,508,300 bales.
o f 1897, a g a in o f 497,380 b ales o v e r th e c o rre s p o n d in g d a te
2.— T h a t a lth o u g h th e re ce ip ts a t th e ou tp o r ts th e past w e e k
o f 1896 a n d a decrease o f 506,211 bales fr o m 1895.
w ere 268,710 bales, th e a ctu a l m o v e m e n t fr o m p la n ta tio n s w a s
A t t h e I n t e r io r T o w n s th e m o v e m e n t— th a t is th e receip ts 196,852 bales, the b a la n ce b e in g ta k e n fr o m s to ck s a t in te rio r
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 th e to w n s . L a st y e a r re ce ip ts fr o m th e p la n ta tion s fo r th e w e e k
w e e k a n d th e s to ck s to -n ig h t, a n d th e sam e item s f o r th e w ere 106,571 ba les a n d fo r 1896 th e y w ere 95,092 bales.
co rre s p o n d in g p e rio d o f 1896-97— is set o u t in d eta il b elow .
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1.—
W e g iv e b e lo w a s ta te m e n t s h o w in g th e o v e rla n d m o v e m e n t
fo r th e w eek a nd sin ce Sept. 1, as m a d e u p fr o m te le g ra p h ic
re p o rts F r id a y n ig h t.
T h e results f o r th e w eek e n d in g
i ’i P I f f p S IS IS ’S
14
*
2. a
4»»
1*1i
1
•rs
'
1897-98.
January 28.
gsg
. ¿fai___
H O ¡33
«9S H
W Ìa 3a»
M .O
.
>9
s:
-w
2 s
- «£ 5 3 - - - od ;
oh
B
&S
^: : : : : : 2 ^h;
Week.
...........sga,
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MOSCDO-4<aiC!tt0^lf».3Slt.i->COOOSOSO*-OCDCO-t:OS»-tOOP(OtOO-aOS S-8-3
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Total to be dednoted...............
608,087 11,298
6,844
246,735
398
19,548
180
36,829
2,607
79,748
3,887
78,163
3,512
97,569
Since
Sept. 1.
384,651
204,664
10,633
12,190
101,433
92,714
69,229
60,910 1,166,679
28,721
875,514
16,343
743
635
290,099
19,644
22,786
7,367
17
510
240,163
2,641
23,238
17,721
332,529
7,894
266,042
Leavln g total net overlan d*.. 43,189 834,150 20,827 609,472
* Including movement by rail to Canada.
T h e fo r e g o in g s h o w s th a t th e w e e k ’s n e t o v e rla n d m o v e m e n t
this yea r has b een 43,189 ba les, a g a in st 20,827 b ales fo r th e
w eek in 1897, a n d th a t f o r th e season t o d a te th e a g g re g a te n e t
overlan d e x h ib its a n in crea se o v e r a y e a r a g o o f 224,678 bales.
In Sight and Spinners'
Takings.
1897-98.
Week.
Since
Sept. 1.
1896-97.
Week.
Since
Sept. 1.
Total m arketed........... ........... 273,899 7,907,009 179,129 6,596,565
Interior stocks In e x o e s s . . .. . . ... *11,858 545,894 *31,731 350,592
Came into sight during week. 262*041
147,398
8,452,903
Total In sight Jan. 2 8 . . . . . . . . .
6,947,157
oo
© ©
. ‘.tot
. . .
.to
top pMMCO
-3 tO4» MIf»® >-*-3 iC-tOOsÖDCO' ©(ft© MCJC^-1© t-*COCOM^J tO© M
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tOtO©MM*ü©OC©®OOtOCOOO. O©©C©<lO®M©>f»t0<JK>CX©
Total gross overland...............
Deduct shipments—
Overland to N. Y ., Boston, &o..
Between Interior towns.............
Inland, &o., from South.............
31,360
10,994
1,263
1,600
3,528
6,401
5,764
1896-97.
_ ,
Weelt‘
Receipts at ports to Jan. 2 8 ...... 208,710 6,587,859 138,302 5,540,093
Net overland to Jan. 28................ 43,189 8-4,150 20 827 609,472
Southern consumption to Jan. 28 22,000 485,000 20,000 447,000
M
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tOlt-lt»lt»t5©l-‘ l-<tOi-‘ i-‘ 0'<IOfjSC^CO© CXC«iAi(»-MCXW-lif»©i-<M
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: ® «0©!►<»*-<©|^©»«0.©HM ®p©lt»©Mit»-0»©CO«»COi-iMao
■ O -Jlt>tO-J©i--©©OCMÒOMtO©OM©-J|
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Last year’ s figures are for Ö olum bia.ß.’C.
Shipped—
Via St. L ouis.................
Via Cairo.......................
Via P arker.......... .
Via Rook Island....... .
Via L ou isville.............
Via Cincinnati..............
Via other routes, & o...
Since
Sept. 1
to gl
N »rth’ B soinnerstak’gsto Jan.28 49,757 1,539.790 37,974 1,098,215
* Decrease during week.
I t w ill be seen b y th e a b o v e th a t th e re has c o m e in t o s ig h t
d u rin g th e w eek 262,041 bales, a g a in st 147,398 b a les f o r th e
sam e w e e k o f 1897, a n d th a t th e in crea se in a m o u n t in s ig h t
to -n ig h t as co m p a re d w ith la st y e a r is 1,505,746 b a les.
J a n u a r y 29, 1898.)
THE CHRONICLE.
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 .— Advices to us this even
ing bytelegraph from the South denote that in some portions
of the Mississippi Valley the rainfall has been heavy during
the week, but that elsewhere as a rule precipitation has been
light. The Mississippi River is rising in the vicinity of Mem
phis and has about reached the danger line. Cotton con
tinues to be marketed freely.
Galveston, Texas.—Telegram not received.
Corpus Christi, Texas.—Telegram not received.
Palestine, Texas.—Telegram not received.
San Antonio,Texas.—Telegram not received.
New Orleans, Louisiana.—The week’s rainfall has been
thirty-four hundredths of an inch, on four days. The ther
mometer has averaged 58.
Shreieport, Louisiana.—There has been rain on three days
during the week, the precipitation being one inch and seven
teen hundredths. The thermometer has ranged from 34 to
59, averaging 48.
Columbus, Mississippi.—W e have had rain on three days
during the week to the extent o f one inch and ninety hun
dredths. Average thermometer 52, highest 66 and lowest 34Leland, Mississippi.—There has been rain during the week,
to the extent of one inch and fifty-five hundredths. The
thermometer has averaged 48’4, the highest being 64 and the
lowest 32.
Vicksburg, Mississippi.—W e had rain on three days during
the week, the precipitation reaching one inch and twentyone hundredths. The thermometer has averaged 51, ranging
from 38 to 69.
Greenville, Mississippi.—The weather has been partly
cloudy and cool during the week, with a rainfall o f one inch.
Little Rock, Arkansas —It has rained on three days during
the past week, the precipitation reaching one inch and thirtythree hundredths. The thermometer has ranged from 31 to
55, averaging 44.
Helena, Arkansas.—W e have had rain on three days of the
week, on two of which it rained heavily, accompanied with
thunder and lightning. The rainfall reached five inches and
twenty one hundredths. Rain and wind did damage to cot
ton. The river is rising, but is not likely to do much harm.
Average thermometer 43’5, highest 55, lowest 32.
Memphis, Tennessee.—There has been rain on two days of
the week, the precipitation reaching three inches and sixteen
hundredths. The river is 32-4 feet on the gauge and rising.
The thermometer has averaged 45 3, the highest being 63
and the lowest 83 2.
Mobile, Alabama.— We have had« rain on three days, the
precipitation reaching sixty-nine hundredths of an inch. The
thermometer has ranged from 38 to 73, averaging 58.
Mordgomery, Alabama.—The State Agricultural Commis
sioner’s official figures of fertilizer tags sold to date com
pared with same period last year show a decrease o f fortytw o per cent. He strongly urges a diversification of crops
and plantingof less cotton. A t i he farmers’ meetings pledges
to reduce cotton acreage are quite generally made. W e have
had rain on four days of the past week and light snow on
one, the precipitation reaching twenty-two hundredths of an
inch. Average thermometer 54, highest 63, lowest 44.
Selma, Alabama.—There has been rain on three days of the
week, to the extent of twenty-six hundredths of an inch.
The thermometer has averaged 57, the highest being 80 and
the lowest 34.
Madison, tlorida.—There has been rain on one day of the
week, the rainfall being fifty hundredths o f an inch. The
thermometer has averaged 61, ranging from 40 to 73.
Savannah, Georgia.—W e have had rain on one day of the
week, the precipitation being eight hundredths of an inch.
Average thermometer 59, highest 78, lowest 38.
Augusta, Georgia.—Rain has fallen on three days of the
week, to the extent o f eighty-eight hundredths of an inch.
The thermometer has averaged 52, the highest being 72 and
the lowest 32.
Charleston, South Carolina.—The week’s rainfall here has
been three hundredths of an inch, on three days. The ther
mometer has averaged 58, ranging from 42 to 69.
Stateburg, South Carolina.—There has bsen rain on one
day during the week, the precipitation being eighty-nine
hundredths of an inch. The thermometer has ranged from
32 to 69, averaging 52 T.
Greenwood, south Carolina.—W e have had rain on three
days of the past week, the precipitation reaching one inch
and eighty-two hundredths. Average thermometer 47, high
est 57, lowest 38.
Wtlson, North Carolina.—Telegram not received
The following statement we have also received by telegraph
showing the height o f the rivers at the points named at
8 o ’clock January 27, 1898, and January 28,1897.
Jan. 27, ’98. Jan. 28, ’97.
Feet.
Feet.
7-4
New Orleans..............A b o v e zero of gauge.
10 9
180
33 0
Memphis.................................... Above zero of gange.
9*4
NashviHe.. . . . . . . . . . . . . .Above zero o f gauge.
87 7
70
120
Shreveport................A b o v e zero of gauge.
24*4
36'2
Vtoksbarg............
Above zero o f gauge.
24Ò
I n d ia C otton M o v e m e n t f r o m a l l P o r t s .— T h e receiptsof cotton at Bombay and the shipments from all India ports
for the week ending Jan. 27, and for the season from Sept. 1
to Jan. 27 for three years have been as follows:
1896-97.
1897-98.
Receipts at—
Bombay..........
Week.
Since
Sept. 1.
44,000
314,000 46,000
Week.
Bombay—
1897-94..
1896-97..
1895-96..
Culcutta—
1897-98..
1896-97..
1895-96..
Madras—
1897-98..
1896-97..
1895-96..
All others—
1897-98..
1896-97..
1895-96..
Total all—
1897-98..
1896-97
1895-96..
Since
Sept. 1.
Week.
471.000 66,000
776,000
Since September 1.
For the Week.
from —
1895-96.
Since
Sept. 1.
Great
Britain.
Conti
nent.
Great
Britain.
Conti
nent.
Total.
1,000
5,000
8,000
37,000
5,000
9,000
37,000
1,000
7,000
14,000
51,000
132,000
2z 1,000
52,000
129,000
235,0^0
...
1,000
1,000
2,000
4,000
5,000
9.000
18,000
9,000
11,000
22,000
14,000
1,000
1,000
___
2,000
9,000
17,000
6,000
17,000
14,000
8,000
26,000
81,000
20.000
28,000
38,000 , 51,000
28,000 ? 47,000
1,000
i,o r o
2,000
1,000
1,000
3,000
1,000
8,000
13,000
19,000
2,000
7,000
11,000
38,000
7,000
13,000
38,000
13,000
33,000
55,<*<>0
Total.
86,000
205,000
272,000
99,000
238,000
327,000
According to the foregoing Bombay appears to show a
decrease compared with last year in the week’s receipts o f
2,000 bales. Exports from all India ports record a decrease
of 6,000 bales during the week, and since September 1 show
a decrease of 139,000 bales.
A l e x a n d r ia
R e c e ip t s
and
S h ip m e n t s
C o t t o n .—
of
Through arrangements we made with Messrs. Davis, Benachi
& Co., of Liverpool and Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments for the past week
and for the corresponding week o f the previous two years.
Alexandria, Egypt,
January 26.
Ret elpts (cantars*)....
This week....... ..........
Since Sept. 1_______
1897-98.
1896-97.
189 £-96
210.000
4,924,000
Since
This
week. Sept. 1.
145,000
4,444,000
This
Since
week. Sept.l.
120,000
4,303,000
This
Since
week. Sept. 1.
Exports (bales)—
To L iverpool....... . 11,000 209.000
7,000 195.000
To Continent!. . . . . .
8,000 220,000
6,000 179,000
4.000 235.000
6.000 186.000
Total Europe___- 18,000 404,000 14,000 399,000 10,000 421,000* A oantar is 98 pounds,
t Of which to Américain 1897-98, 23,746 bales; In 1896-97, 22,102
bales; in 1895-96, 37,428 bales.
M a n c h e s t e r M a r k e t .—Our report received by ca b le
to-night from Manchester states that the market continue
firm for yarns and quiet for shirtings, in consequenoe o f bad
Indian accounts, w e give the prices for to-day below and
leave thot-e f< r previous weeks of this and last year for
comparison.
1896-97.
1897-98.
8H lbs. Shirt OotVn
8 k lbs. Shirt OotVn
32s Cop. ings, common Mid. 32s Cop. ings, common, Mid.
Twist.
Uplds Twist.
to finest.
TTplds
to finest.
A.
A. s. d. s.
A.
s. d. s. d.
4
8
3 782 69, ft ®73s 4 2 ®6
4 2 ®6
6*2
®
738
4 0^3®6 8
314
4 1 *2®6
6 ha ®7
4 0!fl®6 8
314
4 0^® 6 8
3 732 6*2 ® 738 4 l ’jKG
4 1 ®6
33,8 63s
5*8 ®6®s 4 1 ®6 8
5»s ®658 4 1 ®6 7hs 3 tS2 6*4 ® 718 4 1 ®6
J u te B u t t s , B a g g in g , E t c .— The market for jute
D c. 24
“ 31
Jan. 7
“ 14
“ 21
“ 28
A.
d.
5 iiie - 6 i3 ie
5 H i« - 6 316
5 11i6® 63l
5 iii6 ® 6 %
d.
8
8
7*2
712
7
7
d.
4182
4
4
4183
41m
3313ii_
bagging
has been entirely devoid o f animation the past week. The
close to-night is at 4%c. for 1% lbs., 5 1-16c. for 2 lbs. a n d
53^c. fo r 2 ^ lbs. The market for jute butts bas continued
quiet. Quotations are -80c. for paper quality, l ^ c . for m ix
ing and
for spinning cuttings, to arrive.
S e a I s l a n d C o t t o n M o v e m e n t . — We have received this
(Friday) evening by telegraph from the various ports the
details o f the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Jan. 28) and since
8 ept, 1, 1897, the stocks to-night, and the same items for thecorresponding periods o f 1896-97, are as follow s.
1897-98.
Receipts to Jan. 28.
Savannah. . . . . . . . _____ _
Charleston, &o............. .
Florida, <ko.......................
1896-97.
Stock.
Since
This
Since
This
week. Sept. 1. week. Sept. 1. 18£8
1,003 51,871
9,250
101
5,247
314
1887,
1,595 76,652 23 578 24,134
84
9,991 6,353 4,674.
5,767 2,552 3.260
355
Total........................... 1,418 66,368 2,034 92.410
IDPBXportB l o r LLlc- WCtJJt c u u m g tuiD u vem u g *cav*i a. vvta x
of 2,112 bales, of which 1,321 bales were to Great Britain, 791
to Trance and-— to Reval, and the amount forwarded to
Northern mills has been 1,249 bales. Below are the export »■
for the week and since September 1 in 1897-98 and 189697.
246
Exports
from —
THE CHRONICLE
Week Ending Jan. 28. Since Sept. 1, 1897. North’» Mil s.
Sine
Great Fr'nce
Great Fr'nee
BriVn. de. Total. BriVn. de. Total. Week. Sept. I
Savannah...
Oharl’t ’n,&c
Florida, &o.
New Y ork..
B oston ........
Fhila., &e...
i ‘,321
"2 2 9
........
.........
Total........
1,321
Total 1896-7
5,155
........
885 14,522
864
50
314 5,047
562 8,462 2,529 10,991
2,276
2,276
1,725
1,725
1,550 3,936 1,809 5,795
52
52
........
........
........
791
2,112 16,501
4,338 20,839
1,249 20,433
225
5,380 30,681
7,495 38,176
1,897 25,102
562
.......
A considerable portion o f the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead o f including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table o f including it when
actually exported from New Y ork, &c. The details o f the
shipments o f Sea Island cotton for the week w ill be found
under the head “ Shipping News,” on a subsequent page,
Quotations Jan. 28 at Savannah, for Floridas, common,
9J£c.; medium fine, 1 0 c.; choice, 13%c.
Charleston, Carolinas, medium fine, 15^ to 16c.; floe, 17c.;
fu lly fine, 19 to 20o.; extra fine, 26 to 33c.
M e m p h is C o t t o n E x c h a n g e E l e c t io n .—At the regular
annual election for officers of the Memphis Cotton Exchange,
held on the 1 2 th inst., the following were elected to serve
during the ensuing year: F. M. Norfleet, President; Dennis
Smith, S. B. Chism, R. F. Tate,Vice-Presidents; B. B. Beecher,
B. W . Hale, C. H. Crisman, S. J. York, C. K. Smith,
Godfrey Frank, W . S. Arbuckle, board of directors, and
John Armistead, Treasurer. Mr. Henry Hotter was re-elected
Secretary by the board of directors. This is his eighteenth
consecutive annual appointment.
fV 0 L, LXVI,
T h e F o l l o w in g a r e t h e c r o s s r e c e i p t s o f C o t t o n at
New York, Boston, Philadelphia and B altim ore fo r th e past
week, and sin ce September 1, 1897.
Receipt»
from—
Ne w Yo r k .
8,397 195,210
ST. Orleans..
Texas....... 13,559 212,432
Savann’h Ac 8,337 219,771
Mobile .
Florida..
4,073
So. Carolina 2,193 38,173
7Ö3
No. Carolina
9,549
465
Virginia...
62,325
111
North, ports
3,694
3,930
Venn., &c..
59,467
555
Foreign___
4,046
Total..
Last rea r....
H O B IO N .
PHILADELPHIA
Baltim o re .
TM» Since Thi» Sine* This Since
Thi* Sine«
week. Sept.l. week. Sept.l, meek. Sept.l. week. Sept. 7.
7,901
32,393
65,825
4,814
68,185
4,000
9,348
8,754
995
86,910
106,381
127,684
19,619
440
34,326
588
6,767
48,056
8,000
100,889
2,981
5,089
42,479
38,300
808,746 36,712
506,997i
2,981
55,411
8,529
177,694
21.682
757,012 23,467
398,860
1,970
88,72
6.644
176,043
on a previous page, the
exports of cotton from the United States the past week have
reached 234,974 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
S h ip p in g
N e w s .—As shown
Total bales.
New Y ork —T o Liverpool, per steamers Cevic. 7,839 upland
and 500 Sea Island; Servia, 853 upland and 821 Sea Island 10,013
1,597
To Hull, per steamer Buffalo, 1,597........................................
To Leith, per steamer Critic, 294.............................................
294
To Manchester, per steamer Bellova. 398...............................
398
To Havre, per steamers La Normandie, 458 upland and 172
Sea Island— Myrtledene, 300 upland and 57 Sea Island.
987
To Marseilles, per steamer California, 80...............................
80
To Bremen, per steamer H. H. Meier, 1,742___Latin, 217.. 1,959
To Hamburg, per steamer Pennsylvania, 572 .....................
572
To Rotterdam, per steamer Amsterdam, 200.........................
200
To Antwerp, per steamer Noordland, 998...........................
998
To Genoa, per steamer California, 595.......................... ........
595
To Naples, per steamer California, 41 7 ..................................
417
To Kobe, Japan, per steamers Queen Margaret, 754; St.
Andrews, 1,940......................................................................... 2,694
C o m p a r a t iv e P o r t R e c e ip t s a n d D a i l y C r o p M o v e m e n t .
To Shanghai, China, per steamer St. Andrews, 520...........
520
—»•A comparison o f the port m ovem ent by weeks is not New Orleans—To Liverpool—Jan. 21—Steamer Leay, 6,733
___Jan. 26—Steamers Barbadian, 9,850; Musician, 10,500 27,083
accurate as the weeks in different years do not end on the
To Belfast—Jan. 24—Steamer Glenarm Head, 2,031........ .
2,031
flame day o f the month. W e have consequently added to our
To London—Jan. 24—Steamer Cayo Romano, 1,294............. 1,294
Other standing tables a daily and m onthly statement, that
To Manchester—Jan. 27—Steamer Nith, 3,000....................... 3,000
To Havre—Jan. 24—Steamer Bendi, 7,530.......Jan. 25—
the reader may constantly have before him the data for
Steamer California, 8,125
Jan. 27—Steamers Bentala,
seeing the exact relative movement fo r the years named,
5,700; Brookside, 5 ,6 5 0 ......................................................... 27,005
The monthly movements since September 1, 1897, and in
To Marseilles—Jan. 24—Steamer Britannia, 300...................
300
To Dunkirk—Jan 21—Steamer Hardanger, 775....................
775
previous years, have been as fo llo w s:
728
To Copenhagen—Jan. 24—Steamer Arkansas, 728...............
To Barcelona-Jan. 24—Steamer P io IX .,5,406....Jan . 2 6 Monthly
Fear Beginning September 1 .
Steamer Gran Antilla, 3,478......................................
8,884
To Geno)a—Jan. 22—Steamer British Prince, 2,736___Jan.
Receipts.
1893.
1892.
1896.
1895. • 1894.
1897.
24—Steamer Britannia, 1,456___Jan. 26—Steamer Gran
Antilla, 4,050............................................................................. 8,242
Sept’ mb’r 786,702 912,486 383,886 518,762 377,408 405,355
To Trieste—Jan. 22—Steamer Istria, 744................................
744
To Venice—Jan. 22—Steamer Istria, 1,300............................
1,300
O ctober.. 1.424.907 1,468,516 1,202,460 1,622,664 1,311,279 1,135,473
G
alveston —To Liverpool—Jan. 22—Steamer Navigator, 4,929
1,272,776
Novemb’r 1.776.907 1,286,251 912,759 1,607,662
1,125,855
___Jan. 25—Steamer Ida, 4,838............................................. 9,767
D eoem br 1,584,948 1,256,000 987,899 1,497,560 1,239,738 930,029
To Havre—Jan. 21—Steamers Hillbrook, 6,511; Maritime,
5,938; Ramillies, 4,731............................................................ 17,180
T otal... 5,573 4°4 4,923,253 3,487,094 5,246,648 4,206,191 3,596,712
To Bremen—Jan 21—Steamer Elizabeth Rickmers, 9,364
....J a n . 26—Steamer Greta Holme, 4,315........................... 13,679
P ’ cent’ge of tot.port
To Hamburg—Jan. 21—Steamer T. R. Thompson, 944___
receipts Deo. 31..
72*23
64-64
66-56 i 70-21
70*19
J an. 25—Steamer Recta, 1.750..................................... ........ 2,694
To Genoa—Jan. 25—Steamer Beltor, 2,703............................. 2,703
This statem ent show s that up to December 31 the receipts T exas
City , &c.—To Mexico, per railroad, 376...........................
376
at the ports this year were 650,211 bales more than in its96 Mobile —To Liverpool—Jan. 24—Steamer Angers, 6,381........... 6,381
P
ensacola
—To
Liverpool—Jan.
24—Steamer
Gracia,
6,408
6,408
and 2,086,460 oales greater than in 1895. By adding to
—To Havre—Jan. 26 —Steamer Titanic, 3 78 3............ 3,788
the totals to Dec. 31 the d aily receipts since that time we Savannah
To Bremen—Jan. 24—Steamer Atlantic, 4,915....................... 4,945
shall be *ole go reach an e x a ct com parison o f the movement
To Genoa—J an. 22—Steamer El wick, 6,050 .......................... 6,050
for the different years.
Brunswick —To L iverpool-Jan. 26—Steamer Eton, 5,907___
Jan. 27—Steamer Palentino, 5,252........................................ 11,159
To Bremen—Jan. 22—Steamer Teviatdale, 10,012................ 10,012
1897-98. 1896-97. 1895-96. 1894-95. 1893-94. 1892-93. Charleston
—To Bremen—Jan. 25—Steamer Turquoise, 5,335. 5,335
—To Liverpool—Jan. 22—Steamer Pinner’ s Point,
TO. De. 31 5,573,464 4,923,253 3,487,004 5,246,648 4,201,191 3,596,712 Norfolk
4 ,1 0 1 ..................... ................................. ................................. 4,101
Jan. 1 ___
8.
37,277
29,197
17,433
32,677
32,028
To Bremen—Jan. 21—Steamer Mendota, 6,400
............ 6,400
“ 2 ....
20,903
23,643
S.
13,524
17,430 Newport News —T o Liverpool—Jan. 29—Steamer Shenandoah,
19,798
699.........
699
“ 3 ....
42,764
8.
22,4:5
32,623
26,705
40,693
Boston—To Liverpool—Jan. 21—Steamer Cephalonia, 9 0 1 ....
« 4 ....
18,432
70,091
32,765
22,814
25,570
48,136
Jan. 24—Steamer Ottoman, 786.......Jan. 25—Steamer
Philadelphian, 1,331................................................................. 3,018
“ 5 ....
29,522
38,871
S.
30,663
18,183
23,071
To London—Jan. 19—Steamer Columbian, 2 ..........................
2
V 6 ....
33.991
23,228
18,672
S.
23,347
22,088
To Yarmouth—Jan. 21—Steamer Boston, 16..........................
16
“ 7 ....
21,672
20,845
72,279
22,568
S.
50,228
To Halifax—Jan. 22—Steamer Halifax, 22.............................
22
Baltimore —To Liverpool—Jan. 26—Steamer Vedamore, 2,473 2,473
39,250
: “ 8 ....
S.
40,563
24,336
32,888
28,516
To London—Jan. 22—Steamer Mourne, 5 0 ........... .
....
50
20,134
“ 9 ..,.
S.
13,449
32,704
22,841
17,406
To Bremen—Jan 22—Steamer Oldenburg, 2,953___Jan. 20
S.
« 1 0 ...
61,416
26,052
20,360
25,627
29,448
—Steamer Ellen Rickmers, 3,130 ..................
6,083
To Hamburg—J an. 26 —Steamer Asturia, 532........... ............
532
48,892
17,079
30,427
11,509
“ 1 1 ....
39,407
17,085
To Antwer p—J an. 2 1—Steamer Alnwick, 1
..................
1
29,224
46,064
** 1 2 ....
S.
25,203
12,168 P ortland, Me .—To Liverpool—Jan. 22—Steamer Numidian,
24,423
20,574
33,976
18,455
“ 1 3 ...
27,993
S.
19,741
140...................... ................................................... . .................
140
40,561
16,118
52,159
1 4 ..,.
24,870
14,995 San F rancisco—To Japan—Jan. 21—Steamer Azteo, 7 ,4 50 ....
S.
Jan. 25 -Steamer Peru, 800.................................................... 8,250
35,364
37,947
15,092
“ 15 ...
30,136
S.
26,546
25,160
S.
20,870
“ 1 6 ...
25,621
22,169
T o t a l . . . .. . . . . ................................. ............................................. 234,974
29,038
44,401
S.
23,471
27,619
“ 1 7 ...
23,121
26,662
The particulars of the foregoing shipments, arranged in
40,742
26,965
13,332
1 8 ....
49,068
12,529 our usual form, are as follows,
21,404
34,lh7
20,486
S.
27,973
“ 1 9 ....
36,526
12,466
Great French Ger- ,
BriVn. ports, many. North. South.
23,197
18,627
18,278
8.
die. Japan. Total.
“ 2 0 ..,.
26,446
16,457
New
York.
12,3<>2
1,067 2,531 1,198 1,012
520 2,694 21,324
53,
>86
13,572
24,358
42,676
“ 2 1 ....
S.
9,663 N. Orleans. 33,408 28,080
........
723 19,170 .................... 81,386
25,350
20,757
18,872
33,994
“ 2 2 ....
28,215
S.
G’lv’t’ n, <Sto 9,767 17,180 16,373 . . . . . . 2,703
376 ......... 46,399
17,054
8.
21,108
“ 2 3 ....
38,009
....... .........
6,381
32,655
14,403 Mobile....... 6,381 . . . . . . ........
Pensacola.
6,403
...............
....................
6,408
20,501
S.
29,873
42,160
“ 2 4 ....
24,686
14,728 Savannah.. ........ 3,788 4,945
6,050 . . . . . ......... 14,783
33,475
36,877
16,759
40,501
“ 2 5 ....
19,981
11,255 Brunswick 11,159 .......... 10,012
.................... 21,171
24,211
S.
26,558
22,906
..............
5,335
« 2 6 ....
22,389
10,451 Oharleston . . . . . . ....... 5,335
N orfolk. .. 4,101 . . . . . . 6,400
. . . . . ------- 10,501
19,861
24,161
23,588
8.
23,612
“ 2 7 ....
11,269 N’p’t News
699 ........ ........
....................
699
13,633
58,197
20,896
42,050
“ 2 8 ....
S.
10,106 B oston. . . . 3,020 .....................
33 . . . . . .
3,058
Baltimore. 2,523 ........ 6,615
------ ------9,139
6,587,859 5,514,079 3,963,458 6,083,486 4,820,656 3,991,014 Portl'd.Me.
Total
140 ........ .........
....................
140
San Fran..
. . . . . 8,250 8,250
P’ oent’ge of tot port
80-89
73-47
receipts Jan. 28.
77-28
80-57
77-89
T o ta l.... 89,908 50,115 52,211 1,927 28,935
934 10,944 234,974
THE CHRONICLE.
J a n u a r y 29, 1898.]
To Japan since September 1 shipments have been 66,588
ales from Pacific Coast, 7,100 biles from Pensacola and
10,991 bales from New York.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
G. R. B ooth, steamer (Br.), at Bremen, Jau. 19. from Savannah, after
being ashore at Texel, goes into dry dock for repairs to bottom.
Water entered both the third and fourth holds, and the lower
bales of cotton were soaked with water.
W i l l i a m , schooner, from Charlotte for Wilmington, N. C., with cotton
and naval stores, has been totally wrecked near Wilmington bar.
Cargo washing ashore.
Cotton freights at New York the past week have been
as follows.
Satur.
Mon.
Tues.
Wednes. Thurs.
F r i.
and prices have scored a further material advance. Th&
dominant features have been the strong foreign advices, the
limited offerings of cash wheat, continued good inquiry for
export, and during the latter part of the week the small
movement of the crop in the Northwest was a bullish factor,
although this, it was claimed, was due to the severe weather
experienced there. Early in the week uneasiness over exist
ing political situations also had a strengthening influence
upon values, as did also the showing of the usual weekly
statistics. To-day this market was higher in response t o
stronger foreign advices. A t the close, however, selling to
realize caused most of the improvement to be lost. The spo
market has been active as exporters have been buyers. To
day the market was higher. Sales for export here and a
outports were 75,000 bushels, including No. 1 hard Manitoba
at $ 1 09% f. o. b. from store.
Liverpool,asked.d.
301
30t
3 0t
301
30t
3 0t
H avre................
30® 32t 3 0 0 3 2
30032
300321 30® 32t 300321
Brem en............ d.
35t
35t
351
35t
35t
35r
H am burg......... d.
3Ò1
30í
301
301
301
30
Amsterdam....... .e. 32*21
32*2t
32*2
32*2 ’
32*2
32*2
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Reval, v. Hamb d.
48)
48i
481
48’
481
48
Sat..
Mon. Tues. Wed. Thurs. Fri.
J anuary delivery.... ...c . 10478 107
Do v. Hull.. d.
1068g 106 3s 108*2 109
4 2t
42 i
421
42t
421
42t
February delivery... ... 0 . 10230 103
10378 10478 10678 107
Rotterdam ....... d 32*21
32*2t
32*21
32*21
32*2t
32*21
Mar oh delivery........ ...c . 100
101*2 101^ 1028a 104\ 105*2
G enoa............... .d.
4u1
40t
40t
4ut
401
40t
958a
May delivery.............
965g
983j,
95*2
99
89
89
89*8
918a
Trieste...............
91*4
1364®732 18S4@73S 18«4®7» lS64®78i 180 4 ® 7S2 July delivery............ ...o . 88*s
Antwerp........... d
*8
*8
*8
*8
*€
*8
Speculation in the market for Indian corn futures has been,
Ghent,v.Antw’p.d.
5i2
582
B33
532
532
532
slightly more active and the tone has been stronger, prices
t Cents net per 100 lbs.
L i v e r p o o l .— B y cable from Liverpool we have the follow showing a moderate advance. The improvement was pri
marily in sympathy with the rise in wheat values, although
stronger foreign advices and recent heavy clearances for ex
port had a strengthening influence. To-day there was a
Jan. 28
firmer market for near-by deliveries on a demand from shorts
57,000 to cover contracts. The spot market was active for export.
1,000
800 To-day the sales for export, here and at outports were 32i),(J00
52,000 bushels, including No. 2 mixed at 36%@37c. f. o. b. afloat,
s,000 as to time of delivery.
75,000
ing statement of the week’s sales, stocks, &c., at that port.
Jan. 7.
Sales of the week..........bales.
Of which exporters to o k ...
Of which speculators took.
8a es Am erioau.......................
Aetua export..........................
Forwarded............ ......... .........
Total stook—Estimated..........
Of whioh A ueriean—Estm’d
Total import of the week. ..
Of which American.............
Amount afloat................ ........
Of whioh Amerioan.............
Jan. 14
55,000
1,700
2,100
51,000
7,000
77,000
910,000
791,000
140,000
129,000
3L2.000
300,000
Jan. 21.
67,000
62,000
900
3,000
4,400
1,500
61,000
5 5,000
5,000
6,000
86,000
74,000
967,000 1,004,000 1,014,000
85 ¿,000 885,000 890,000
148,000 121,000
90,000
134,000 105,000
74,000
292,000 292,000 337,000
290,000 290,000 335,000
The tone of the Liverpool market for spots and futures
each day of the week ending Jan. 28 and the daily closing
prices of spot cotton, have been as follows.
Spot.
Market, )
1:45 P. M.$
Sat'day. Monday. Tuesday. Wed'day. Thursd’y Friday.
Dull.
Quiet but
steady.
Quiet.
Moderate
demand.
Fair
but
business Quiet
steady.
doing.
Mid. Upl’ds.
38,6
3V <
38,6
3 782
Speo. & e x p .
6,000
300
10,000
500
8,000
500
10,000
500
Quiet.
Quiet.
Steadv ai
1-64 ad
vance.
Quiet at
partially
1-64 adv.
Steady.
Steady.
Steady.
Steady.
Barely
Steady.
Futures.
Market, Ì Quiet, at
1:45 p . M. s partially
1-64 dec.
Market, \
4. P. M. $
Dull.
Barely
steady.
MO
37., 2
10,000
500
3*32
8,000
500
The prices of futures at Liverpool for each day are given
below. Prices are on the basis o f Uplands, Low Middling
olause, unless otherwise stated.
The prices are given in pence and fifths.
8 63-64<#., and 4 01 means 4 l-64d.
Sat.
Jan. 22 to
Jan. 28.
12*2 1
January......
Jan.-Feb___
Feb.-M ch.,.,
Moh.-April..
April-May...
May-June...
June-July...
July-A u g...
Aug.-Sept...
Sept.-Oot....
Oct.-Nov___
N ov-.D eo. . .
M on.
1 45
4
T u es.
Thus : 3 153 « " i n s
W ed.
P M. P M. P M. P M.
P M. P M.
p
d. d.
3 08 4 08
3 07 3 o ;
3 07 3 07
3 07 3 07
3 O'* 3 08
3 09 3 09
3 10 3 10
3 11 3 11
3 11 3 11
3 11 3 12
3 12 3 12
3 13 3 13
d.
3 08
3 07
3 07
3 07
3 08
3 09
3 09
3 10
3 11
3 12
3 12
3 13
d.
3 09
3 08
3 08
3 08
3 09
3 09
3 10
3 11
3 12
3 12
3 13
3 13
d.
d.
3 10 3 11
3 09 3 09
3 09 3 09
3 09 Q
U09
3 10 3 10
3 10 3 11
3 11 3 12
3 13 3 13
3 13 3 13
3 13 3 14
3 14 3 14
3 14 3 15
d.
3 09
i 08
3 07
3 08
3 08
3 09
ft 10
3 10
3 11
3 12
3 12
3 13
d.
3 08
3 07
3 07
3 0?
3 08
3 08
3 09
3 10
3 11
3 11
3 12
3 12
4
1 45
T h u rs.
1 45
p M.
d.
3 10
3 09
3 09
3 09
3 09
3 10
3 11
i 12
3 13
3 13
4 14
3 14
4
M.
J anuary delivery.......... c.
May delivery..................o.
July delivery................ o.
Jfon.
Tues.
34
34*8
35*8
....
Wed.
Thurs.
345a
345s
35*2
34H
...
34*4
35*4
Fri.
35*8
34<fe
35*2
Oats for future delivery have been quiet, but there has
been a stronger tone to the market and prices have advanced,
in sympathy with the stronger market for wheat and com .
Exceptionally heavy clearances from the seaboard on Wednes
day also added tone to the situation, and buying by shorts at
the West to cover contracts had a strengthening influence.
To day the market was quiet but steady. Exporters have
been fairly large buyers in the spot market. The sales to-day"
were 170,900 bushels, including No. 2 clipped at 81^c. f. o. b.
afloat.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat.
May delivery................. o. 28*4
Mon.
28*4
Hues.
28*4
Wed.
28*3
Thurs.
287s
Fri.
287a
Rye has been sparingly offered, and as there has been a
moderate export demand, the market has been firm. Barley
has been firm but quiet.
The following are closing quotations:
PLOUR.
Pine.............................. $280@2 95
Patent, W in ter__ $4 90 ®5 25
Superfine................. 305 ®3 10
City mills, extras
5 40 ® 5 60
Extra, No. 2 ............... 350@3 70
Rye flour, superfine 2 50 ®3 25
Extra, No. 1 ............... 340@3 95
Buckwheat flour.;. 1 2 0 ®1 30
Clears................... 4 05 ®4 SO
Corn meal—
Straights...................... 4 25@5 00
Western, etc........ 2 00 a 2 05
Patent, Spring. . 510 ®5 85
Brandywine
2 10
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN.
WHardDuluth, No. 1.110%®
Red Winter, No. 2..1075s®
Hard Man., No. 1. .1075s®
Northern, No. 2 ...105*80
Oats—Mix’d, per bah. 28*2®
W h ite................... 29*3®
No. 2 mixed............ 29*4®
No. 2 white........
30*2®
Corn, per bush—
o.
c.
112
Western mixed........... 34*2038
109*2
No. 2 m ixed................35 ® 367a
109*2
Western Yellow ..........36 ®38
107
Western White........... 35*2 037*4
30*2 R y e 33
Western, per bush....55*fl®57
30*4
State and J e r s e y .......51 ®56
31*2 Barley—W estern.......... 44 ®54
Feeding....................... 36 ®36*a
Í.
d. d
3 11 3 i l 3 12
3 10 3 10 3 10
3 10 3 10 3 10
3 10 3 10 3 10
3 10 3 10 3 11
3 11 3 11 3 11
The movement o f breadstuffs to market as indicated in the
3 12 3 12 3 12
3 13 3 13 3 14 statements below is prepared by us from the figures o f the
3 14 3 14 3 14
3 14 3 14 3 15 New York Produce Exchange. The receipts at Western lake
3 15 3 15 3 15 an 1 river ports for the we.-k ending Jan. 22, and since Aug.
3 15 3 15 3 16 L for each of the last three years, have been as follows:
Receipts at—
F r i d a y , January 23, 1898.
C h ica g o ......
Reflecting a further advance in the values for the gra n, Milwaukee
there has been a hardening of prices for wheat flour. The
volume of business transacted, however, has been only very
D e tro it........
moderate inasmuch as buyers have been reluctant to pay the
advances asked by sellers, although their bids have been ad St. L o u is . ..
vanced slightly from the prices paid a week ago. City mills P eoria ..........
Kansas City.
have been firmer but qaiet. Rye flour has had a better sale
Tot.w k.’98.
and at slightly higher values. Buckwheat flour has b°en Same wk.’97.
quiet and easy. The demand for corn meal has been quiet Same wk.’96.
Since Aug. 1.
but prices have been unchanged and steady.
1897-98........
There has been only a moderately active speculation in the 1896-9'... ...
market for wheat futures, but the tone has continued firm,
Sat..
33*8
34
F r i.
1 45 4 1 45 4
p M. p M. p M. P M
BREADSTUFFS.
DAILY CL08ING PRICES OF NO. 2 MIXED CORN.
Flow.
Com.
Oats.
Wheat.
Barley.
Rye.
BbU.WMbs Bush.QOlbs Bush.bOlbs Bush.32lbs BushASlbs Bv.50 lbs
56,321
54,150
4,055
850
4,800
1,545
23,170
8,950
152,841
155,640
152.655
179,100
136,500
250,900
1,326,960
51,699
88,632
29,700
82,950
4,200
174,000
1,675,082
113,750
61,504
75,940
348,940
33,700
187,128
666,840
359,100
360,000
1,574,220
225,000
81,285
269,300
57,524
51,143
112,574
234,000
143,550
77,000
467,486
331,200
7,200
2,274 656
1,388,982
2,204,006
3,881,981
1,999,418
3,867,086
2,825,542
3,024,986
2,777,501
41,250
39,600
38,38a
67,899
1,071
15,617
48,00.)
60,200
10,800
1,200
981 985
900,140
719,036
154,421
202,356
61,337
5,543,199 156,150,309 128,296,156 104,440,819 24.955.664 7,275,433
6.606,352 113,583,97« 82.920,198 96,67',561 26,617,626 5,095,500
6.181.618 139 «30.89.5 6l.'53,i> 0 77.14 9.3 '« 25,803.084 2,808,070
248
THE CHRONICLE
The receiots of flour aad grain at the seaboard ports for the
w eek ended Jan. 23, 1898, follows:
Wheat,
bash.
Floor,
bbis.
Receipts at—
(New f o r k .............
B o ston ..................
M o n trea l.............
P hiladelph ia.......
B a ltim o r e ........... ..
R ichm ond............. ..
New Orleans*.......
N ewport Ne w s... ..
N o r fo lk ................ ..
M o b ile. . ...............
72,992
3.181
42.009
6 45
P ortland. Me .. . ..
^ t . John. N. B ... ..
3,s58
2.178
Onm,
bash.
Barley.
bash.
Oats,
bash,
8->8.8 0
868,225
4 ».3 <6 339,813
31.680
5*6,010
4 <.3-8
2 j0,862 1.119.310
11,680
7,4.0
131,7' 0
790,541
24, 0>
175.000
74,691
104,000
682 0 >0
165,791
110. *90
462,992
282,910
3 ,570
41.560
210,000
i 0*2.750
122,2 3
10,090
4,200
104.858
100,352
80.650
6 ',9 j2
196 650
1,200
2,400
48. 00
5,577
Rue,
bash.
18-.175
2 90)
9,285
Ì87.464
253,727
94,314
8 -7 /2 1
137,6¿6
Total reoeipos ac pores from Jan. 1 to Jan. 22 compare as
follow s for four years:
1893.
bbis 1,151,684
1897.
907,013
W h ea t«....................bush. 4,‘¿61.268
C o m ..........................
“ 11 4'4.457
....................
M 7,7*!4,67<!
Oats
1 ,0 9 /8 3
1,470.190
11,128.587
2,v9*,440
3-9,375
284,317
t8*.»«5
5.240.5 9
2. 17,'*36
204.324
2 0U4
77 *,837
1.3 1 / 49
1,748,599
281. 10
*3,0i)4
25,067.833
16,219,889
8.56/, 18
4.099.549
Bariev....................
“
T otal g r a in ....
021,453
“
R y e ..........................
“
1896.
868,017
Wheat.
Exports from—bush.
Dorn,
bash.
Flour,
bbis.
4V0.945 620,957 116,721
42.431
167.<l6 17«,094
122, <43
3.854
>•0,560
251.2(7 8 I/.915
22,505
2*4 128 b0*,546
76, t <8
Si'5,/58 1,2:8.634
7,280
6 .8 >0 367.407
6*5
lo i <0)
74.6^1
42,060
Newp’rt News 21,0 0 17 4.600
16 096
2,178
t7,95 S
St. John, N. B
Total w’k. .1.8 8.159 4/10.648
-Sam etim e 97.1,039,950 3,511/(01
Peas,
bush.
Rye,
oats.
bush.
823,868
1,260
10i,8 8
676,502
95.2 10
69,530
5i>*h
130,185
313,616 1.561.570
21 (.733 681,382
14,661
96,207
213,051
36,117
.......
Barley
bush.
154,092
.... ...
.....
210.0ÍÓ
100,352
1.606
439.141
26,8 >4
5 Î.384
80,594
1 51 /9?
349,359
The destination of these exports for the week and since
September 1, 1897, is as below.
,---------- flour.---------- , /—----- Wheat.-------- , •----------- Com.---------- .
Exports for
Week
Sine* Sept.
Week
Since Sjpt.
Week
Since Sept,
.
iwtekavri since Jan 22. 1,1897.
Jan. 22. 1, 1897.
Jan. 22. 1 , 1897.
bush.
bush.
bash.
bush.
Sept. 1 to—
bbis.
bbis.
83,-59,951 1,7< 5 3^2 32.665,249
U nited Kingdom 2t ,017 4, <43 380 1, 40.967
783,18-2
27,351,8.6 2.3i4,:'34 35.82x.!f 0
«Continent...........
15 636
67 ,h*6
........
868.8 4
2.1‘ 0
v* .725
S. a 0 . A m erica.. 19 008
482.168
........
1,375
28,842
740,223
W est Indies.. ..
flO/HS 458.193
................................. 300
211/.10
B rit. N. A . Col'S.
6,995 1*2 050
............
437,049 ..............
169,381
Other co u n trie s
lo7.6»2
T o t a l ..............
T o ta l 1896-7.. ..
813,646
210.783
6.063,282 1,828159 62 507,234 4/ i n / 48 69,096 888
5,614,195 1.039,960 29 047,609 3..16.001 b l,¿01,401
The visible supply of grain, comprising the stocks in
«granary at the principal points o f aooumulation at lake and
seaboard ports, Jan. 23, 1898, was as follows;
In store at—
Wheat.
bush.
Corn,
bush
Oats
bush
Rye.
hash.
Bariev
bush.
1.273.000
132,000
88,900
60/00
84,000
618 ooo
89,000
25,000
2,144,000
16.464.000
6,583,100
128
285.000
1,898,000
1,598,000
1.126,0ÒÒ
246. Ò00
760,000
392,000
42,000
107,000
64,000
1,000
28,000
11,000
6,000
S t Louts..................... 2 4t4,000
Do
afloat.........
Cincinnati...................
5.000
B oston.........................
209,000
61,000
T oron to.......................
102.000
M ontreal.....................
Philadelphia............... 5;8 00C
4,000
P eoria. ........ .............
In d ianap olis.............
31,000
820 000
Kansas <ity...............
B a ltim o r e .................. 999,000
Minneapolis............. . 13,526,000
O n Mississippi R iver
34,000
4,233,000
165,000
41,000
40,000
2,000
52 0ÓÓ
962 000
14.000
514,000
431,000
98.000
51,000
89 000
453,000
3,3u0,0O0
6,000
16,000
1,342.000
6* 9,000
9,9<M.«>0
1.229,000
132,000
62.000
ee 2.000
842,000
80,000
594,000
1.320.000
1,246,000
652.900
¿91/00
98,000
30,000
Total Jan. 22. 1898.37.153.000
Total Jan. 15 1898.37,8ls,000
Total Jan. 23.1897 61.2/5,000
T otal Jan. 26.1896 67,521,000
T otal Jan. 26.1895.84.665,000
41.789.000
41.134,000
21,718,000
19,430,000
12,654,000
14.540,000
15.063.000
13.151,000
6.253,000
7,982,000
32,000
66.00
1000
22.0UÜ
27,00*
3.000
83,000
32,000
4<4,000
139,000
65, 00
57,000
4 003,000
4.151,000
3 /6 5 /0 0
1,549,000
436,000
3.161 oro
3.58*3/1 0
3,6 )2,O' 0
3.1H6,0< 0
2.071,090
DRY GOODS TRADE.
N e w Y o r k , F r i d a y , P. M., Jan. 28, 1898.
The market has failed to show any improvement beyond a
-slightly improved sentiment and tine. The demand has ron
along about the same as the week previous, chiefly confined
t o small, unimportant transactions at unchanged prices.
"The strikes of the operatives among the Eastern mills has ex
erted but little influence in the situation, and buyers decline
to throw off their reserve, and continue to display the same
amount of caution in their purchases as shown formerly.
The market for print cloths continues firm, this in
fa ct being the most gratifying feature in the week's busi
ness. There are no open changes recorded in any direction
•of the cotton goods market, but toward the close of the week
the demand for heavy-weight brown sheetings and drills
has enabled seders to move stocks, but it is generally under
stood it has be-n at the sacrifice of values. Prints are in
steady request in the way of a supplementary demand, which
7 92
300
71
206
499
35
9 ,3 9 1
2 1 ,8 1 1
2 ,1 2 2
2 1 ,2 2 2
3 ,0 5 0
Total................................. 9 ,3 9 1
2 1 ,8 1 1
* From New England mill points direct.
2 ,1 2 2
2 4 .2 7 2
A rabia.;.............. ...................
Africa ..................... ..............
M exico....................... . .....
Central Am erica............... .
South America.....................
Other Countries....................
Total.................................
China, via Vancouver*....
207
12
8 09
500
9 ,7 7 9
4
1 ,4 3 5
973
1 ,4 1 3
1 77
6 52
5 ,7 1 2
'2 6 8
The value of the New York exports for the year to date
has been $786,611 in 1898 against $130,250 in 1897.
Busiaess in bleached cottons continues languid in all
directions, and buying is almost entirely confined to small
lots at unchanged prices. W ile sheetings continue inactive,
with the market in buyers’ favor. In brown goods there has
been some expansion in the demand, but it has been chiefly
confined to the heavier grades suitable for export. Buyers
for the Cnina markets have taken some fair-sized lots, but at
unremuuerative prices for the manufacturer. In the lighter
weights the market continues easy, with supplies ample to
meet the demand as it comes forward. Cotton flaanels
and blankets continue in small demand at unchanged
prices. Kid-finished cambrics are quiet and steady, they de
riving their support chiefly from the firmness of print cloths.
Fancy calicoes are in continued fair supplementary demand
at unchanged prices. Fine ginghams are going steadily for
ward in numerous small assortments, which collectively
»lake up a fairly good aggregate business. Print cloths have
been fairly active during the week, with odds showing the
best results, and prices on both odds and regulars firm
and tending upward. A t the close 2 3-16j. was bid on 64square extras, and declined by sellers.
F o r e ig n D r y G o o d s . —Business in foreign dry goods is
still lestricted to small proportions, but deliveries on old
orders are going forward, with the price situation showing
no change and firmly held on manufactures o f wool and silk.
Im portation«and Warehouse W ithdraw als o f Dry Ooodn
The importations and warehouse withdrawals of dry goods
at this port for the week ending Ja ». 27, 1898, and since
January 1, 1898, aad for the corresponding periods of last
year are as follows :
ra ..
&8Í
=to
642.001
46,000
O n canal and r iv e r ..
THE
303 900
t6 .’ /n o
15,000
861 unU
1897.
Week. Since Jan. 1.
493
50
7 .0 2 9
3 ,4 8 9
2 .1 5 0
3 ,0 7 3
1.1 *3
224
4 26
3 ,2 6 3
466
s
«
H ' g
5-3 » 2 2 2 5 ^ 2
¿ 2 . o £Ts2- o 2
S wj
h
K
sr
I r
es
* s
§!
P;
B
*d :
!14,513
1.066,000
1.163. '«o
4¿,900
1898.
Week. Since Jan. 1.
to
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2 ,0 3 3
1,461
1 ,2 1 5
4 ,4 5 0
4.266/00
446,000
60,900
142,000
2,529.000
198,000
J an . 24.
2 .8 6 2
10,581
3.873 000
188 000
110.000
2,860,000
N ew f o r k ...................
Do
afloat........
A lb a n y .......................
B u ffa lo.......................
Do
afloat........
C h ioa a o.....................
Do
a flo a t.......
M ilw a u k ee................
Do
a floa t.......
D u lu th .......................
Do
a flo a t.......
T o l e d o . . . . ................
Do
afloat..........
D e tro it.......................
Do
afloat........
to
3 54
9
3 ,5 1 0
1,434
99
1,471
256
89
14*
1 ,8 1 3
2 08
1895.
738,591
The exports from the several seaboard ports for ‘ he week
•ending Jan. 22 1893, are shown in the annexed statement:
Naw ïo r k ....
B jston.............
Portland . . . .
Philadelphia..
Baltimore. ..
New Orleans..
G a lv eston ....
New Y ork
Great Britain.......................
Other European....................
China................... . .................
♦Receipts d i not include sraia passing thronzh N e v Orleans tor foreign
-ports on through bills o f lading.
Receipts of—
is still mainly confined to the fancy lines and specialties,
with ginghams showing much the same featnre.
D om estic C otton G o o d s .—The exports o f cotton goods
from this port for the week ending J <n. 24 were 9,891
packages, vainer: at $887,732, their destination being to the
points specified in the tables below :
•••• *..
Total w e e k .... .. 384,9 1 1.246.70h 3/31,389 2.03-,623
389,199 3,393,691 1,0 21,8j8
W eek 1897............. .. 313,899
f l o u r ...................
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TH E
J a n u a r y 29, 1898.]
S tate
and
C ity D
CHRONICLE,
As stated in the Chronicle January 8 ,1898, the ques
e p a r t m e n t , tion was discussed by some members o f Council, “ but upon
TERM S OF SU BSCR IPTIO N .
The I n v e s t o r s ’ S u p p l e m e n t w ill b e fu r n is h e d without
e x t r a ch arge t o e v e ry a n n u a l s u b s c r ib e r o f th e 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 .
The 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 be fu r n is h e d
without e x tr a charge 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 fur
nished without extra charge 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 be
urnished without extra charge 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 o f A dvertising—(P e r in ch space.)
"Transient matter ( l tim e).. $3 50 I Three Months (13 tim es)..$25 00
s t a n d in g b u s in e s s c a k d s .
Six months
(26 tim es).. 43 00
T w o months 18 times).......... 18 00 I Twelve Months (52 times). 58 00
Arizona, New M exico and Oklahoma.—Territories Re
fused, Aom isiiov.— On January 26, 1898, the House Commit
tee on Territories rejected by a vote of 8 to 3 the bills admit
ting to State-hood the Territories of Arizona, New Mexico and
Oklahoma.
Buncom be County, N. C —Bonds Illegal.—On January 26,
1898, Judge N rwood, at Waynesville, decided that the $98,000 bonds issued in aid of the Buncombe Asheville & Spartan
burg Railroad, were illegal, and the temporary iojunction
preventing the payment of the interest was made permanent.
It is stated that the case will be appealed.
Galveston, Texas.—News.—In response to our inquiry Mr.
Theo. K. Thompson. City Auditor, writes ns concerning the
petition to enjoin the issuance of $300,000 sewer bonds. He
says: ‘ ’Our City’s Attorney states there is nothing ia the suit
in question. * * W e are arranging to issue the bonds, and
expect to offer them for sale in March next. The suit is set
for some time in February. In meantime no temporary in
junction has been asked for or granted.”
New Orleans, La.— Warrant Litigation.—The New Orleans
“ Times-Democrat” on January 18, 1898, contained the follow
ing. relative to the suit entered by John G. Warner, New
York, agaim-t the city of New Orleans for recovery on
$700,0 0 drainage warrants: “ The suit is for three o f a series
o f $300,'< 0 of drainage warrants issued in payment of the
city’s purchase of the dr<-d'e-boats, derricks and drainage
outfit from Warner Van Norden in 1876. The matter of
drainage was originally committed to boards o f commission
ers, created under the act of 1858. In 1871 the work was
transferred to the Mississippi and Mexican G ulf Ship Canal
Company, the work to be paid for in drainage warrants, pay
able out of drainage taxes collected from the property to be
drained and its owners. In 1876, by an act o f the General
Assembly the city was authorized to buy out the outfit of
the company, which in the meantime had transferred its
rights and property to Warner Van Norden, and to
prosecute the work of drainage itself. The price paid
by the city was $800,000, payable in drainage warrants.
The t ill in the case seeks to hold the city resooosible for all outstanding drainage taxes, on the ground that
instead of prosecuting, it abandoned, the work of drainage,
"thereby supplying the owners o f the property with a defense
against the tax, for the reason that no drainage was accom
plished. The warrants outstanding are $300,00 ', and bear 6
per cent per annum interest from lb76, which would make a
little over 10 *per cent up to this time; the suit was originally
instituted in the Circuit Court, where it was won by the city
on a demurrer. It was then carried by the complainant to
the Circuit Court of Appeals, which certified to the Supreme
Court of the United States two questions: First, whether or
not the city was estopped to plead a payment of all that was
due for drainage taxes by its issue in 1873 of $1,600,000 of its
bonds to take np drainage warrants. In the ca-e of Peake
vs. the city o f New Orleans, decided by the Supreme Court
in 1890, in which Grover Cleveland appeared for the drain
age warrant holders, which was a suit on warrants issued
for the payment of work done by the company and Van N or
den, it was decided that the bond issue was a payment so far
as concerne d all warrants sued upon in that case, which, as
is said, were “ work warrants,” or warrants issued for canal
digging and levee building done by the comp my and Van
Norden. The present suit is on warrants issued in payment
o f the price paid by the city to Van Norden for the drainage
paraphernalia, and was brought on the theory that as to this
class of warrants the city was a voluntary trustee and con
tractor, while in the former case it was a compulsory trustee
o f the drainage taxes, made so by the act of 1 8 7 1 .
“ Mr. Branch K. Miller conducted the case through the Cir
cuit Court, the Court of Appeals, and argued it in the Sapreme Court at Washington when it came back to be tried
on the merits in September last.”
The suit is being heard in the United States Circuit Court
at New Orleans by Judge Parlange.
Omaha, iNeb.—No Reduction o f Interest on Warrants.—
We are advised by John N. Westberg, City Comptroller,
that the interest on oatstanding warrants w ill not be reduced
to 6$.
249
investigation,” Mr. Westberg says, “ they found that the law
designates 7# as the rate which warrants should bear.”
Queens County, N. Y.—Committee Appointed to Apportion,
County Debt.—On January 27,1^98, the Board o f Supervisors
appointed Supervisor Henry C. Korfmann, of L in g Island
City; F. W . Duuton, of Jamaica, and August Denton, of
North Hempstead, a committee to apportion the debt of the
county. This is made necessary by the annexation of a por
tion of Queens County to the city of New York, and the debt
will be shared proportionate to the assessed valuation of the
annexed portion.
San Luis Obispo, Cal.—Bond I sue Invilid.—On January
18, 1898, the State Supreme Court rendered a decision declar
ing that the issuance of $90,000 improvement bonds was ille
gal. The Court rests its opinion ou the fact that the electors
did not follow the resolution of the Board o f Trustees in the
matter o f voting.
The resolution stated that the voter should signify his
intention by writing the word “ Yes” or “ No” after the prop
osition o f “ For the issuance o f the bonds,” bat the tickets
were printed with these words on them, and the voter was
instructed to stamp a cross opposite the printing which he
desired. Ti e Court held that the direction in the ordinance
was clear and unambiguous, and a3 it wa3 disregarded the
election was invalid.
Shoshone County (P . O. Murray), Idaho.— Bond Litiga
tion.—In the C h r o n ic l e December 4,1897, we stated that the
County Commissioners had instituted a suit to test the validity
of $28i),0fl0 1% bonds issued in 1893, and also had directed the
County Treasurer to cease paying the interest on the bonds.
W e are advised by W . P. Northrup, County Treasurer, that
the case will come up for a hearing in February, and that he
remitted the interest dne January 1, 1898, to the American
Exchange National Bank, New York City, in time for the
payment of the coupons then dne. Mr. Northrup says that
he expects to remit the July interest on time unless prevented
by an order from the Court.
South Bend, Wash.—Proposed Reduction o f Interest.—A
dispatch in the Portland “ Oregonian” from Siuth Bend,
dated January 21, 1898, said that the holders of $57,1)00 of the
$60,000 bonds outstanding have agreed to a reduction of the
rate of interest to 3% until 1900.
Texas.—Bond News.—A dispatch to the Galveston “ Daily
News” from Austia, bearing date o f January 24, 189-*, said:
“ The Attorney General’s department is flooded with applica
tions from counties seeking to refund their bonds under the
decision of the Supreme Court in the Mitchell County case,
holding bonds to be valid. Judge E. P. Hill, who has charge
of the bond matters in the Attorney-General’s department,
said it was useless for the counties to apply yet, as the de
partment will not proceed to act under that decision uniil the
motion for a rehearing has been disposed o f.”
Whatcom, Wash.—Proposed Reduction o f Interest -on
Bonded Debt.—A special dispatch to the Seattle “ Post-In
telligencer” from Whatcom, dated January 18, 1898, said :
“ The City Council last night passed a resolution recommend
ing that the interest delinquent on the city’s bonded debt
and all future interest be paid at the rate of 4$, and that
the Mayor be authorized to correspond with the bond
holders to effect such a compromise, and that all money in
the hands o f the City Treasurer be retained till the outcome
of the request be known. The city has water bonds held by
Eastern people amounting to $183,00J. This is all in the
hands o f scattering individuals, mach of it held by invest
ment companies. Then there are $¿94,0*0 of municipal
bonds, also held in the East. The rate on the first is 5%%, on
the latter 6$.”
Bond Calls and Redemptions.
Cochise County (P . 0. Tombstone), A riz.—Bond Call.—
County Treasurer A. Wentworth has called for payment
January 31, 1898, at his office, redemption bonds Nos. 14
to 26, inclusive, issued in 1887. Interest will cease on the
above date.
Fannin County, Texas.—Bond Redeemed.—On January 20,
1898, M. C. Sadler, County Treasurer, redeemed a court
house bond, leaving, it is stated, $37,000 of this issue still
outstanding.
Georgia.—Bonds Redeemed.—On January 3,1898, the Na
tional Park Bank, the State depository, paid the $100,100 4%%
bonds maturing January 1,1898.
Macoupin County, III.— Bond Call.—In accordance with a
resolution adopted by the B iard o f Supervisors, the county has
called for payment $720,000 6# funding court house bonds.
The details, &c., of the refunding bonds to be issued will be
decided at a meeting of the Board of Supervisors to bo held
March .1, as stated in the C h r o n ic l e January 8,1898.
Q
M obile, A la.—Bond Call.—The city has called for pay
ment February 1 , 189•<, at the First National B ink, Mo -ile,
rhe following bonds issued in 1881: Nos. 3495, 3590, 3378,
3743, 3790. 3938. Bonds w ill be p a il in full, with one month’ s
interest added thereto.
Muscatine, Iow a.—Bond Redeemed.—The city has releemed another $1,000 railroad aid bond issued in 1873 and
maturing October 1 , 1898.
g
Roanoke, Ya.—Redemption o f Town Bonds Authorized.—
The State Legislature has authorized the city of Roanoke to
redeem bonds of the town of Roanoke.
2 óO
rH E
O H K O N IC L E .
[V ol . l x m
W oodbury <ounty (P . 0 . Sioux City), Iow a.—Bond Call.
—J. A . Magoun, County Treasurer, has called for payment
February 1 , 1898 (on which date interest will cease), $ 10 ,0 0 0
5# bonds issued in 1891.
the Board of Education, care o f Geo. R. Griffiths, Clerk for
$42,500 4% bonds. Securities are issued pursuant with an act
o f the General Assembly passed March 20, 1896, and author
ized by a resolution of the Board of Education passed Jan
17, 1898. They are in denominations of $500, dated Sent"
1 , 1896, and mature Sept. 1 , 1936, subject to call after Sept’
Bond Proposals and Negotiations this 1,
1906 Interest will be payable semi-annually at the Amer
week have been as follows:
ican Exchange National Bank, New York City. A certified
Amherst County, Va.— Bonds Proposed.—A bill authoriz check, payable to the Board of Education for 5% of the gross
ing the county to issue refunding bonds ha3 been introduced amount of the bonds, must accompany bids.
Clifton, Pa. - Bond Election.—A t the next election held in
into the State House of Delegates.
Athens, Ga.— Probable Bond Issue.—On July 1, 1893, $24,- this borough the question of issuing $17,500 street improve
ment
and borough hall bonds will be decided.
500 8# college bonds will mature. W e are advised by W. W.
Columbus, Ohio.—Bonds Proposed.—Director of Accounts
Turner, City Clerk aud Treasurer, that it is probable that
the bonds will be refunded.
Edward Denmead has under consideration a plan whereby
. Baker City, Oregon.—Bonds Defeated.—On January 18, $165,000 notes held by the National Park Bank, New York
1898, the City Council voted against a resolution providing may be funded and the new bonds bearing 4% interest taken
for an election to vote cn the question o f issuing $125,000 for the sinking fund.
bonds for an additional water supply.
Columbus (O hio) School D istrict.— Bonds Authorized.—
Bond Election.—An election will be •held February 22, On January 25, 1898, th© Hoard of Educa 1 ion authorized th©*
1898, to vote on the question of borrowing $6,000 for school issuance of $65,00'i bonds for the following purposes*
$50,000 fo r the com pletion o f the East High School.
purposes.
=’222 l or the foundation o f the South H igh School.
Bedford, Pa.—Bond Election.—A proposition to issue $16,5,000 to pay claims fo r street improvements.
500 bonds for a new storage reservoir will be put to a vote of
Bonds will mature twenty years from date of issue, but
the people of this place next month.
w ill be subject to call after ten years.
Boston, Mass.— Proposed Bond Issue.—A bill has been in
C ouncil Bluffs (Io w a ) School D istrict.— Bond Election.—
troduced into the State Legislature providing for the widen
I he Board o f Education on Jauuary 2 1 , 1898, decided to call
ing of Rutherford Avenue, for which purpose the city is to an
election to vote on the question o f issuing $70,000 bonds
issue $200.000 five-year bonds.
tor a new high-school building
B otetourt County, Ya.—Bonds Proposed. - A bill recently
Cowiey County (P . 0 . W infield), Kan.— Bond Sale.—In
introduced into the State Legislature provides for the issu
ance of $8,000 bonds to pay for a bridge across the James the C h r o n ic l e December 18, 1897, we stated that it was re
ported that the $ 100,000 refunding bonds had been sold to
River at Buchanan.
Spitzer & Co., Toledo, at 96*935 as 4% per cents. We areB ow lin g Green, Ohio.—Bond Sale.—On January 13, 1893, advised by S. J. Weir, County Clerk, that the above was in
the $10,000 5# refunding bonds were awarded to Rudolph
Mr. Weir says that the bonds were sold January 6
Kleybolte & Co., Cincinnati, at 111*235. Following are the correct.
1893, to J. E. Jarvis, President of the Cowley County Na
bids:
Rudolph Kleybolte & Co., Ctn... 111*235 1Mason, Lewis & Co., Chicago...lOS’S^O tional Bank and Stofford & Albright of Winfield at 101*60
C. F. Leitz
................................llrO lO Soitzer & Co., T oledo..................157*860
for 5# 15-30-year bonds. “ The Board,” he says, “ could not
T he Lamprecht Bros. Co.,Cleve.l09*770 I The New First National Bank,
Exchange Banking Co...............10W75<1 | Columbus.......................... : . . . . 107*370 make a satisfactory trade on the 4% bonds,” and hence they
Seasongood & Mayer, Cincin__ 109* *85 | Dietz, Denison & Prior, C le v e ..107*218 were sold as above at private sale.
W . J. Hayes & Sons, Cleveland.109*215 S. A . Kean, Chicago.................... 107*125
Ciiffey’s Cove School D istrict (P . 0. Elk, M endocino
N. W . H am s & Co., Chicago.... 108*330 |Longstreet, Stedman &C j ., B os.102*5o
Bonds mature $500 each March 1 and September 1 , begin County), Cal. —Rond Sale.—On Januarv 15, 1898, the $4 000
ning March 1, 190 s. For further description of bonds see m bonds were awarded to the Santa Rosa Bank at 103*50.
Following are the b id s:
C h r o n ic l e January 8, 1898, p. 98.
B radford (P a .) School D istrict.—Bond Offering— Pro
posals will be received until April 1, 1898, for $16,800 5%
bonds, to be issued for anew central school building and site
for the same. Securities will mature as follows: $800 April
1, 1900; $1,500 April 1, 1902; $1,500 April 1 , 1904; $2,000
April 1, 1906; $1,500 April 1,1908; $2,C00 April 1, 1910; $2,500
April 1, 1912 ; $2,500 April 1, 1914 ; $2,500 April 1, 1916. In
terest will be payable April 1 and October 1 at the City
Treasurer’s office.
Bond Election.—The election to vote on issuing an addi
tional $25,000 bonds will take place on February 15, 1898.
Bradner, Ohio.— Bond Sale.—Ten-year refunding bonds to
the amount of $2,000 have been awarded to Spitzer & Co.,
Toledo.
B rockton, Mass.—Loan Authorized.—On January 14,1898,
the City Treasurer was authorized to borrow $300,000 in an
ticipation of the collection o f taxes. Mr. W . H. Emerson,
City Treasurer, advises us that he will place the loans from
time to time in such amounts as may be needed.
Buffalo, N. X.—Bonds Proposed— On January 22,1898. thè
Grade-Crossing Commissioners passed a resolution calling
upon the Common Council to issue $46,602 11 bonds to pay
the city’s half o f the judgment obtained by James W.
Wadsworth for damages sustained by the Continental Hotel
from the Michigan Street viaduct.
Bonds Authorized by State House o f Assembly.—On Jan
uary 25,1898, the House passed a bill authorizing the issu
ance of $250,000 park bonds.
Cedar Falls, Iow a.—Bond Sale— On January 20,1898, the
city sold an issue of $22,500 4% refunding bonds and $6,100 4%
funding bonds. Interest will be payable in April and Oct
ober and the average dates o f maturity is 16% years.
Charleston, S. C.—Bond Offering.—Proposals will be re
ceived until 12 M. February 19, 1898, by J. O. Lea, Treasurer,
for $100,000 4%# bonds. Securities are in denominations of
$500, with interest payable A p r ili and October 1. Bonds
mature 30 years from date of issue. They will be delivered
$90,000 April 1 , 1898, and $10,000 October 1 , 1898.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
Charleston County, S. C.—Proposed Loan.—A. joint reso
lution recently introduced in the State Assembly authorizes
the county to borrow $2,500 to pay the county officials’ sala
rie* for January.
Charlottesville, Ya.—Bonds Defeated.—On January 18,
1898, an election held to vote on the question of issuing $ 3 5 •
000 water bonds resulted in the defeat of the proposition.
’
Cincinnati, Ohio.—Bonds Proposed.—On January 12,1898,
the Board of Legislation passed a resolution directing thé
City Clerk to draw up a bill for presentation to the State
Legislature providing for the issuance of $50,000 bonds for a
new market house on Wade Street.
Cincinnati (O hio) School D istrict.—Bond Offering.—
Proposals will be received until 1 2 m . February 28,1898, by 1
Santa Rosa Bank........................ 103*50 John Conway, Elk ($600).............. 105*50*
Oakland Bank o f Savings........ *100*95 I Sam’l Ayres, Klk (*900)........ .......104*44
De Van & Co., Los A ngeles___*101*125 M. Donahue, Elk ($500)................ 100*00
I S. A. Kean, Chicago ($2,600)........ 96*40
* Conditional.
Bonds mature $700 in one year, $700 in two years, $800 in
three years, $900 in four years and $900 in five years. F or
further description of bonds see C h r o n ic l e Jan. 1.1898 p 47
Culpeper County, Ya.—News.—A bill has passed the Legis’
lature authorizing the County Board of Supervisors to levy a
special tax for the payment of the interest and principal of
the bonded indebtedness of Ca^alpa School District.
Dedham, Mass.—Bond Sale.—On January 25, 1898, the
$7,550 4% improvement notes were awarded to Jose, Parker <5fc
Co., Boston, at 101*0095. Following are the bids:
Jose, Parker & Co., B oston......101*0095
Parkinson &Rurr, B oston....... 101*00
Adams & Co., B o s t o n ..............100*95
Blodget, Merritt & C.>., Boston. 100*93
Longstreet .Stedman &Co.,Bos.l00*877
Dedham Savings Bank..............100*86
C. B. Wilbar, B oston..............
R, L. Day & Co., Boston........
Blake Bros. & Co., B oston__
H om e Savings Bank, Boston.
N. W . Harris & Co., B oston.,
.100*811
.100*786
.100*69
.100*47»
.100*1116
Notes are dated January 26, 1898, and mature $2,550 Nov
26, 1898, $2,500 Nov. 26, 1899, and $2,500 Nov. 26, 1900.
Des Moines, Iow a.—Bonds Proposed.—The Board of Aidermen has under consideration the question o f issuing $ 10 0 000
refunding bonds. It is stated that the resolution calls for
3%# bonds.
Dickinson County (Y a .) Clintwood School D istrict.—
Bond News, Th© District Board will s©ll at privat© sal©
about March 1, 1898, $1,000 6% bonds maturing $300 in 1903
and $350 in 1905 and 1908. These bonds were recently au
thorized by the State Legislature for the completion of a
school-house.
Duquoin, 111.— Bond Offering.—'The city will offer for sale
after February 1 0 , 1898, $6,000 5% water-works bonds. Secu
rities will mature twenty years from date o f issue, subject to
call after ten years.
East Chester (T ow n ) W estchester County, N. Y.—Bonds
Authorized. On January 24, 1898, the Board of Supervisorsauthorized the issuance of $83,200 bonds for the grading
widening and macadamizing of highways.
East Cleveland, Ohio.—Bond Offering.—Proposals will be
received until 12 m . March 3, 1898, at the office of the Village
Clerk, H. B. Chapman, or at “ 841 Society for Savings, Cleve
land, O.,” for $5,000 lighting and $20,000 water-works bonds.
Denomination of securities will be $1,000; 4% interest will bepayable semi-annually from May 1 , 1898, and principal will
mature May 1,1918. Principal and interest will be payable*
at the Cleveland Trust Company, Cleveland. Bids must be
accompanied by certified check for 5% of amount bid for, pay
able to order o f Village Treasurer.
'
Elgin, Texas.—Rond Sale.—'The town has sold $9,000*
school-house bonds to a Chicago firm at par, according tolocal press reports. These bonds were approved by the
Attorney General and registered by the Comptroller on
December 2 , 1897.
Elkins, W. Va.—Bond Election. —The election to be held?
in Elkins to decide the question of issuing water-works*,
bonds will take place on January 31, 1898. W orks are esti
mated to cost $30,000.
THE
■JANUARY 29, I 8 i8 .]
CHRONICLE
Elwood, In d.—Bond Sale.—On January 17,1898, the City
’C ouncil sold to W. J. Hayes & Sons, Cleveland, $15,000 school
bonds. Securities are dated January 15, 1898, and are in
^denominations of $1,000.
Fitzgerald, Ga.—Bond Sale.—On January 25, 1898, the
$9,000 6# ten-year bonds were awarded to Underhill & Co.,
N ew York, at 101'154. For description of bonds see C h ron
icle January 22, 1898, p. 200.
Frankfort, Ohio.—Bond Sale.—On January 20,1898, $3,200
6$ electric-light bonds were awarded to the Atlas National
Bank, Cincinnati, at 106 '516.
F ranklin County, P a.—No New Bonds.—A report has been
■current that the county would issue bonds for a new bridge.
In reply to our inquiry relative to the above, Mr. David Maclay, County Treasurer, says: “ This county does not contem
plate the issuing of bonds.”
Gibsonburg, Ohio.—Bonds Defeated.— The proposition to
issue $18,000 electric-light plant bonds was defeated by a
vote of 194 to 36 at the election held January 11, 1898.
Gladwin (Tow nship), Mich.—Bond Offering.—Proposals
w ill be received until 2 P. M. February 9, 1898, by Geo. A.
Thomson, Supervisor, for $3,000 6# bonds. Securities are
issued pursuant with A ct 144 o f Public Acts of Michigan,
1897, for the payment of judgment of Gladwin County
against the township. Bonds are in denominations of $500,
with interest payable annually. Principal matures ten years
from date of issue, subject to call after six years
Grand Traverse County (P . 0. Traverse), Mich.—Bond
Election. —The Board of Supervisors has passed a resolution
calling an election to vote on the question of issuing $35,000
court-house bonds.
Greenwood County, S. C.— Loan Proposed.—A bill recently
introduced in the State Assembly directs the Sinking Fund
"Commissioners to loan $10,000 to the county for the purpose
of paying certain past indebtedness.
H am ilton (O hio) School D istrict.— Bond Offering.—Pro
posals will be received until 12 M. February 12, 1898, by the
Board of Education of this district for $13,500 4% refunding
bonds. Denomination of securities will be $500, and prin
cipal will mature one bond annually from 1908 to 1934, inclu
sive. Principal and interest will be payable at the Miami Val
ley National Bank, Hamilton, Ohio.
Bids will also be received by the above board until Feb
ruary 26, 1898, for $16,0H0
25-30-year real estate improve
ment bonds. Interest on these securities will be payable
semi-annually.
Hays County, Texas.—Bond Issue.—A committee of the
Board of Commissioners of McLennon County was recently
appointed to look into the validity o f a new issue of Hays
County funding bonds and to purchase $24,000 at 102 if every
thing proves satisfactory.
Huron County (P . 0. Norwalk), Ohio.—Bond Sale.—The
highest bid received January 15, 1898, for $4,900 6$ ditch
bonds was that of W . J. Hayes & Sons, Cleveland, at 105*45.
Following are the bids:
Premium.
1898, declared in favor of issuing $40,000 bonds for the im
provement of its sewerage system, its water works and roads.
Lexington County, S. C.—Loan Proposed.—A joint reso
lution authorizing the County Treasurer to borrow money
with which to pay school claims for 1898 is under considera
tion by the State Assembly.
Ltdgerwood (N. D.) School D istrict.—Bond Election.—A n
election will be held January 29, 1893, to vote on the ques
tion of issuing bonds for a new school house.
Lima (O hio) School D istrict.—Bond Offering.—Proposals
will be received until 12 M. February 4,1898, by R, A. Hickey,
Secretary Board of Education, for $7,000 5% bonds, issued in
anticipation of the collection of taxes levied to improve school
property. Securities are in denominations of $1,009, dated
February 4, 1898. Interest will be payable semi-annually,
and the principal matures 18 months from date of issue.
Lincoln, 111.—Bond News.—In the C h r o n ic l e January 8,
1898, we stated that the City Council had sold $49,000 4}A% re
funding bonds to the First National BanK, Chicago. These
bonds are dated January 1, 1898, and mature $3,000 yearly, be
ginning July 1, 1899 to 1913, inclusive, and$4,000 July 1, 1914.
Mahanoy City, Pa.—Bond Election.—An election will be
held February 15, 1898, to vote on the question o f issuing
$80,000 paving bonds.
Marion County, Miss.—Bond Sale.—On December 28,1897,
the county awarded $16,000 7% bridge bonds to the Capital
State Bank, Jackson, at 101'25. Following bids were received.
Capital State Bank, Jackson ... .$16,200 I H enry Ham lin.............................. $16,040
D. A . Blodgett, Grand R apids... 16,150 I Duke M. Farson, Chicago........... 16,000
Securities are in denominations o f $500, with interest pay
able semi annually. Bonds mature $4,000 yearly.
Mason (Township), Mo.—Bond Sale.—On January l i ,
1898, the township sold to the Farmers’ & Merchants’ Bank
of Hannibal $125,000 4% refunding bonds at par.
Medford, Mass.—Bonds Proposed.—The Board of Aidermen recently authorized the Mayor to petition the General
Court for authority to issue $125,000 bonds for the construc
tion of public and school buildings and $50,000 bonds for park
purposes.
M ississippi.— Bonds Authorized by State Senate.—The
State Senate has passed a bill authorizing the issuance of
certificates of indebtedness by the Board of Mississippi Levee
Commissioners.
M orristown, Ind.—Bonds to Be Issued.—The Town Board
will shortly advertise for sale $3,000 street-improvement
bonds.
Moscow (Id a h o) School D istrict.—Bond News.—In reply
to our inquiry regarding a report that this district would issue
bonds, H. Lt. Coats, Secretary of the Board o f Education,
writes that no bonds will be issued at present. The district,
however, he states, expects to issue $10,000 or $12,000 refund
ing bonds on or about January 1, 1899, and they w ill prob
ably be 6$ 20-year bonds.
Mt. Healthy, Ohio.—Bond Sale.—On January 15; 1898, the
$1,859 30 6% bonds were awarded to the Western German
Premium. Bank, Cincinnati, at 109'27. Following are the bids:
W estern German Bank, Cincin. ..109‘27 |C. M. Thurnauer, Cincinnati....... 109'30
W . J. Hayes & Sons, Cleveland..|207 00 Huron County Bank................... $157 00
Seasongood & Mayer, Cincin— 265 00 Lockw ood & Smith, Milan.......... 150 00
T he Lamprecht Bros. C o..Cleve. 16011
B o n d s are issu ed f o r th e co n s tru ctio n o f th e fo llo w in g
d itch e s:
$100 for Fairfield County Ditch No. 167.
600 for Tucker County Ditch No. 166.
600 for Berry Joint County Ditch No. 62. Beiler improvement.
A,000 for Berry Joint County Ditch No. 62. Heyman improvement.
800 for Hayward Joint County Ditch No. 10. Wood improvement.
900 for Rounds County Ditch No. 81. Thomas improvement.
600 for Hauxhurst County Ditch Ne. 11. Washburn improvement.
B on d s are in d en om in a tion s o f $400, $500 and $600, da ted
J a n u a ry 15, 1898. In terest w ill be p a y a b le J a n u a ry 15 and
J u ly 15 at th e C o u n ty T reasu rer’s office. P r in c ip a l m a tu res
J a n u a ry 15,1901.
I r o n t o n ( O h io ) S c h o o l D is t r i c t .— Bond Sale.— O n J a n
u a ry 24, 1898, th e $10,000 5%c o u p o n b on d s w e re a w a rd ed to
S ea son g ood & M a yer, C in cin n a ti, at 110'1375. F o llo w in g are
th e b id s:
Seasongood & Maver, Cincin . .110'1375 I S. Kuhn & Sons, Cincinnati...... 108’25
Rudolph Kleybolte & Co., Cin.109‘5137 1Mason, Lewis & Co., Chicago .. 107’57
N W. Harris & Co., Chicago__ 109T800 I W. J. Hayes & Sons, Cleveland. .107-28
The Lamprecht Bros. Co., Olev.108‘83 i S: A. Kean, Chicago ....... ..........107"25
Dietz, Denison & Prior, Clev... .KH-BO 1First National Bank, Ironton.. .107-00
Atlas Nat. Bank, Cincinnati...108'6075 TheNewFirst Nat. Uk.,Colum.. 106‘55
Edw.C. Jones Co.. Cincinnati.. 108-40 ■ JLongstreet. Stedman&Co.. Bos.104‘677
B o n d s m a tu re $2,000 y e a rly on M a rch 1 fr o m 1908 to 1912,
in clu s iv e . F o r fu rth e r d escrip tion o f b on d s see C h r o n ic l e
Ja n u a ry 15, 1898, p. 149.
J a m e s to w n , N. D .— Proposed Refunding o f Bonds.— L o c a l
pa pers state th a t th e c it y o f J a m es tow n is n e g o tia tin g fo r
re fu n d in g its s ch o o l b o n d s at lo w e r in terest. C orn ell U n i
v e rs ity , it is stated, h o ld s $25,000 in 1% b on d s du e in 1903 and
th e State h o ld s $22,000 o f 6$ b on d s. U n d e r a re ce n t r u lin g o f
th e State S ch o o l L u n d B oa rd it w ill ch a n g e th e 6# b o n d s in to
4 per cents. T h e an n u a l in terest on th e issue o f $25,000 is
$1,750, an d th e presen t h old ers w ill n o t release th e bon d s
w ith o u t th e p a ym en t o f th e su m th ey p a id as a b on u s fo r th e
bon ds. T h e L o c a l B o a rd is e n d ea v orin g t o g e t th e State
B o a rd t o p a y th is b o n u s and ta k e th e b on d s. T h is w ill m ean
a sa vin g o f $6,000 to th e c ity in th e n e x t fiv e years.
J a s p e r C o n n ty ( P . 0 . R e n s s e la e r ), I n d .— P on d Offering.—
W e are ad vised b y J. C. G iv in , C o u n ty T rea su rer, th a t he
w ill re ce iv e b id s fo r $30,000 4%% b on d s fo r th e co m p le tio n o f
th e n e w c o u r t house. In terest w ill b e p a ya b le sem i-an n u a lly
a n d th e p rin cip a l w ill m a tu re $10,000 J a n u a ry 1, 1903; $5,000
J a n u a ry 1, 1905, and $15,000 J a n u a ry 1, 1920.
L e w e s, D e l.— B on d s Proposed.— A co m b in e d m eetin g o f
■the L e w e s B o a rd o f T ra d e an d o f citizen s h e ld J a n u a ry 24,
251
Edw. C. Jones Co., Cincinnati..,.108‘50 I S. A . Kean, Chicago..................... 106'
Bonds mature 1-10 yearly on January 2, from 1899 to 1908,
inclusive. For further description of bonds see C h r o n ic l e
December 18, 1897, p. 1191.
Muskegon, Mich.—Bond Election.—At the spring election
the question of issuing $25,000 bonds for the building of a
road between Muskegon and North Muskegon will be voted
upon by the people. The resolution of the Board o f Super
visors calling the election provides for bonds of $1,000 each,
to bear not more than 5%interest and to mature in not more
than 15 years from date of issue.
Neodesha, Kan.—Bonds Voted.—A t a special election
held January 17, 1898, the issuance of $15,000 water-works
bonds and $15,000 natural-gas-plant bonds were author
ized. These are the bonds which were voted November 16,
1897, but a permanent injunction restraining their issuance
was granted on the ground that the ballots cast at the elec
tion were not in accordance with the provisions o f the Aus
tralian ballot system.
Newark, N. J .—Bonds Authorized.—On January 21, 1898,
the Common Council authorized the issuance of $100,000
bonds for the purpose of paving and repairing streets.
New Brunswick, N. J .—Bonds Proposed.—The Finance
Committee of the Board of Aldermen has under considera
tion the refunding of the bonds maturing this year.
New Jersey.—Bond Bills.—Two bills have been introduced
in the State Assembly, one authorizing the Board of Finance
of any city to issue bonds for the purpose of acquiring land
and erecting school-houses thereon, and another auth irizing
any city to issue bonds to the extent o f 4% of its ratables for
the purpose of repaving streets.
Newton, Mass.—Bonds Not Improperly Issued.—W e A re
advised by Seth A. Ranlett, City Treasurer, that the report
in one of the papers that the $50,000 bonds recently sold were
improperly issued “ was simply a reporter’s mistake.”
«
Loans Authorized.—The Treasurer has been authorized t o '
borrow $100,0* 0 in anticipation o f the collection of taxes.
The loans will be made from time to time during the spring
and summer, in such sums as may be needed.
New York (State.)—Bond Offering— Proposals will be re
ceived until 12 M. February 18,1898, by James A. Roberts,
Comptroller, for $3,230,000 3# gold canal bonds, exempt from
taxation. Securities are issued pursuant with Chapter 79,
Laws of 1895. They are dated January 1,1898, with interest
252
THE CHRONICLE.
payable January 1 and Ju ly 1, and the principal m atures Jan
uary 1,1918. A certified check for 1%o f the amount o f bonds
bid fo r m ust accom pany proposals. Interest w ill be payable
at the Bank o f the Manhattan Co., New Y ork City. These
are the bonds, bids fo r w hich were asked for January 5,1898,
b u t the sale was postponed ow in g to the advertisement a p
pearing an insufficient num ber o f times in several o f the
papers.
The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
N orm al, 111.—Bond Sale.— The T ow n Council has sold to
N. W . Harris & Co., Chicago, $20,000 5# w ater bonds. P rin
cipal w ill mature $2,000 yearly after 1909.
N orth M ilw au kee, W is .—Bonds Voted .—On January 2>,
1898, the citizens voted in favor o f issuing $4,000 6# funding
bonds. Securities w ill be in denominations o f $100 and w ill
mature $800 yearly.
N orw ood, O hio .—Bond Sale.— On January 24, 1898, the
$8,806 77 6% street-improvement bonds w ere awarded to the
Atlas National Bank, Cincinnati, at 109*51. F ollow in g are
the bids:
Atlas National Bank. Cincinnati.109'511 C. M. Thurnauer. Cincinnati..... 108-25
Edw. C. Jones Co., Cincinnati....100-10 |W. Sturn................................. 103'25
Bonds m ature 1-10 annually and interest w ill be payable at
the Atlas National Bank, Cincinnati. F or further descrip
tion ot bonds see C hronicle January 22,1898, p. 201.
O nancock, V a .—Bonds Proposed .—The State Legislature
has under consideration a bill authorizing the tow n o f Onan
cock to borrow money.
Oshkosh, W is .—Bonds Proposed .—It is stated that a plan
is being considered by the M ayor and Com mon Council,
whereby upwards o f $250,000 outstanding bonds w ill be re
funded.
P e o r ia , 111.—Bond Election .—A n election w ill be held
A pril 19, 1898, to vote on the question o f refunding the $20,000 ' %school bonds m aturing June 1, 1898.
P h ila d e lp h ia , P a .—Loan Bill D efeated .—On January 27,
1898, the bill authorizing a loan o f $11.200,'00 for various
im provem ents lacked the necessary tw o-thirds vote on its
final passage in the Com mon Council. The vote upon the
bill was 62 in favor to 53 against, and the result kills the bill
unless the action is reconsidered at the next session o f the
Com mon C ouncil
P ia tt County (111.), Sangam on T ow nship. -B ondE lection.
— W e are advised b y E . W . W alks, Countv Treasurer, that a
proposition recently made b y the First National Bank o f M on
ticello to refund $21 0u0 o f the outstanding 6# bonds w ill be
submitted to a vote o f the people at an early date.
P ittsb u rg , Pa..—Bond dale.— On January 25, 1898, the
$693,OOD ref unded water-extension loan was awarded to Farson. Leach & Co., N ew Y ork, at 101-905 fo r 3 X per cents.
F ollow in g are the bids:
For 3%
For 4
Farson, Leach & Co., New Vork............................. . ^To?905’
^^01-655
James Caroutbers. Pittsbur« ....... ......... “ I!.::..... ” .101-08
Bertron &Storrs New Vork......................... ,............. 101-56
l 04-8 s‘
The Lamprecht Bros. Co., Cleveland..... .................‘ ’ ‘ "ioi-52
101-^9
Walter Stanton & Co., New York.............................. 10 i"3 U
104-50
N. W. Harris & Co.. New York...........
'S S S m E iiS lS r
104-44
R. L. Day &Co., New York .................................... 101-299
104-819
Whann & Schlesingar. New York................ ........
1011H8
lot -408
Dietz, Denison &Prior, Cleveland................ .....’ ’ .” ioi*l6
104-47
Street. Wykes & Co., New York.... ..............
S flir
W. J. Hayes & Sons, Cleveland............... .
" I !.......101-11
iOi 11
Dick Bros. &Co . Philadelphia............................. .’ . . " ‘l0i03
104-29
Illinois Trust &Savings Bank, Chicago.................. " l 1-004
104-28
Edw. C. Jones Co., New York......
"*100-992
104-092
J. L. D. Speer &Co., Pittsburg. ..............I**.*.*.'.' I.*M*" 11 ..
103-84
The total amount of bonds issued was $968,000, o f which
$270,000 maturing 1899, 1900 and 1901 were taken by the
sinking funds, and the remaining $693,000 awarded as above.
Before opening the bids Comptroller Gourley made the fo l
lowing statement:
“ The question has been raised as to the city’s authority to
issue this loan, under date of March 1, 1898, when the loan of
which this is in part to refund does not mature until April 1
of the same year. It is claimed this will increase the interestbearing debt for a period of 30 days, which is prohibited by
the Charter Act- of 1887, unless the question of said increase
be submitted to the electors of the city and authorized by
them. It is the opinion of your committee that the loan un
der date of March 1 is valid and legal; but in order to remove
all doubt the committee desires to state that within the next
ten days proper ordinances will be passed by Councils chang
ing tbe^ date and also the delivery o f the bonds to April
1, 1898.”
Bonds mature $90.000 yearly on March 1 from 1899 to 1908
inclusive, and $63,000 March ), 1909. For further description
of bonds see C h r o n ic l e January 15, 1898, p. 150.
Portsmouth, Va. -Bonds Approved.—The bill authorizing
the City Council to issue redemption bonds has been ap
proved by the Governor.
O t P rairie Depot, Ohio.—Bond Election —An election will
be held January 29, 1898, to vote on the question of issuing
bonds for a water-works system.Rahway, N. J.—Bonds Proposed.—The Rahway Board of
Trade has asked the City Council to issue $25,000 bonds to
improve the city’s water supply.
Red Bluff, Cal.—Bond Election.—A proposition to issue
$62,500 4% water-works bonds will be put to vote o f the
citizens of Red Bluff on February 12, 1898.
st i? * f
*
Rochester, N. V.—Bonds Proposed.—A bill has been in
troduced in the State Legislature authorizing the City Treas
work*0 *SSUe
[V o t. L X \ I
bonds to carry on all future sewerage
St. Johnsville (V illa g e ) Montgomery County, N. Y.—
—Bonds Proposed.—A bill authorizing the issuance of $12,000
additional water supply bonds has been introduced iu the
Legislature.
St- Joseph (M o.) School District.—Bond Sole.—On January 20. 1898, the $i00,000 4% refunding bonds were awarded
to (raylord, Blessing & Co., St. Louis, at 101 -255. Following:
are the bids:
Blessing A; Co , St. L.. .101255 r Rudolph Kleybolte & Co., Gin..100159
LGaylord,
V.,A
iorr 1V
O
XA...- I‘ ^IS*»U
U Mississippi / a t Tr. Co.. St. L ,10 ^ 6
?/. f -.M S v
iwa?-’T
Il?.V.York0Ü
: A. Coquard, St. Louis............100*350 W. J. Hayes & Sons,Cleveland. 100-017
sirst National Bank. Chtcig >...100-265 Farson, Leach & Co., Chicago.. 1"0-0115
Longstreet, Stedman & Co., Bos.100‘173 S. A. K9an, Chicago...............*100* I.ess 2%commission.
Bonds mature 20 years from date o f issue, % baing su bject
to call after 5 years, % after 10 years and ^ after 15 years,
f
lurtj3er description o f bonds see C h ronicle January 15»
189^, p. 150.
-
,
JVIary, Ohio.—Bonds Authorized.—Local press reports
state that the City Council recently passed an ordinance authonzing the sale o f $33,600 bonds for the purpjse of paying
bonus to and securing the rights of way for tae Calumbas &
Northwestern Railway.
Schoolcraft (V illage), M ich.—Bonds Defeated.—The elece .c a » u a? uar^ 25, 1898, to vote on the question of issuing$16,000 bonds for water works and electric-light plants re
sulted m the defeat ot the proposition.
Sedgwick County, Kan.—Refunding Binds Proposed.—
Local press reports state that Spitzer & Co., Toledo, have
made the County Commissioners a proposition to refund the
outstanding railroad-aid bonds with 5 per cents. The propo
sition includes the rai'road aid bonds issued by the various
townships in the county, aggregating in all about $340,000
bonds, bearing interest at from h%% to 7*. Tne proposition
is under consideration by the County Commissioner0.
Sevier County, Tenn.—Bond News.—The $35,000~bouds recently authorized by the County C m rt for the construction
of a pike will bear 5% interest and mature fifteen years from,
date of issue. The date of sale and other particulars will be
decided early in February.
Sheboygan, Wis.—Bonds Authorized.—It is stated that on
January 17, 1898, the Common Council passed resolutions,
pledging the voting o f bonds for the proposed railroad to con
nect the city with the Chicago Milwaukee & St. Paul R ail
road when the money is needed.
Shiawassee County (P . O. Corunna), Mich.—Bond Eleciio «.—The question of expending $40,000 for a new court house
will be submitted to a vote of the people at the coming spring
election.
Souderton (B orongh), P a.—Bond Sale,— On January 22,
1898, the borough sold to local investors $18,000 4% water
works bonds at an average price of 105-12. Bonds mature
24 years from date o f issue, but part are subject to call
yearly. For further particulars of bonds see C h r o n ic l e
January 22, 1898, p. 203.
Springfield, Mass.—Temporary Loan.—Following are the
bids received January 26, 1898, for a loan o f $200,000:
Discount, %.
Discount, %
Dunscomb & Jenn'son, New York.2-84
Curtis & Motley, Boston................2‘85.
Rogers, Newman& Tolman.Bo-ton.2-92
Longstreet, Siedman & Co., Boslon (premium $175) .................. £-96
F. S. Moseiy & Co., Boston (pre
Harvey Fisk & Sons, New York__ 2-08
mium $ 0 .......................
2-79 Henry Clews & Co., New York.. .3-16
Chapin Nat. Bank, Springfield....... 2"79 Knickerbocker Tr. Co., New York. .S-4&Blodget, Merritt & Co., Boston...... 2 83
Horace S. Homer & Co., Boston
( cremium 60 cents).................... . 2"50
Suffolk Savings Bank, Boston...... 2*70
Blake Bros, & Co., B oston............ 2-72
Edgerly & Crocker. Boston ......... 2’75
The loan was awarded to Suffolk Savings Bank, Boston, and
was negotiated in anticipation o f the collection of taxes.
Notes bear date of January 28,1893, and mature Nov. 9, 1898.
Stafford, Va.—Bonds Proposed.—A bill authorizing the
Board of School Trustees to borrow money to build a school
house has been introduced into the State Legislature.
Suffolk, Va.—Bonds Authorized by the Legislature.—The
State Legislature has authorized the issuance of bonds bv
the town of Suffolk.
Sweet Grass County (P . O. B ig Tim ber), M ont.—Bonds
Defeated.—A t an election held in this county on December
27,1*97, a proposition to issue $4,000 school bonds was de
feated by a small majority.
Sycamore, Ohio.—Bond Issue.—This place will issue bonds
for water-works and an electric-light plant estimated to cost
$20,000.
Tennessee.—Bill Authorizing Bonds.—A bill recently in
troduced in the State Legislature authorizes incorporated
Boards of Education of public schools in taxing districts of
30.000 or more inhabitants to issue bonds not exceeding
$15 ,0 0 for contract purposes.
Toledo, Ohio.—Bonds Proposed— The City Council has
under consideration the calling o f an election to vote on the
question of issuing $100,090 bonds for better fire protection.
Toledo (O hio) School District.—Bon* Offering.—Proposals
will be received until 7:30 p m . March 7,1898, by William
Coghlin, Clerk of the Board of Education, for $90,000 bonds.
Securities are issued pursuant with sections 3993 and 3994,
Revised Statutes of Ohio, and authorized by resolution of the
Board of Education passed January 10, 1893. Bonds are in
denominations of $1,000 dated March 7, 1898, and $45,00 >will
mature 25 years and $45,000 30 years from date o f issue.
Principal and semi-annual interest will be, payable at the
Importers’ & Traders’ Bank, New Y ork City. Interest w ill
be at not more than 4%. A certified check for at least 5£ o f
the par value of the bonds bid for must accompany bids.
TH E
J a n u a r y 29, 1898 J
258
CH RONICLE.
Tonawanda N* Yt— Tfond E lectxon. An olGcfciou "will bs bonds. They are in denominations of $1,090, dated March 1,
Yield tod ay to vote on the question of_ issuing $35,0 )0 bonds 1898. Interest will be payable March 1 and September 1 at
for the purpose of erecting and maintaining an electnc- the County Treasurer’s office, and the principal matures
March 1, 1933. A deposit of 10# o f the purchase money will
Toronto Dominion o f Canada. Bids. Following are the be required from the successful bidders.
Utica, N. Y .—Bonds Proposed.—A bill has been introduced
bids S v e d J a S a r y ¿5,1898, for £¿13,000 sterling ($1,136,in the State Assembly providing for an election to be held in
600) 3V< eeneral consolidated loan debentures.
Entire iMue. 102 7S In London, less e x - |Eptirejssue. 100-30, in Toronto; 101*60 1898 to vote on the question of issuing $30,000 bonds for the
erection of a new acedemy building.
o ro n to
101*57,
in Tnmnt/i
Toronto.
Entire issue. iou , o in Tiorum
u, 101':5 ' Entireissue,’
.m o i102*47,
w i r in
Ent-re ti«sue,
in Toronto.
Yan W ert County, Ohio.— Bonds Proposed.—A bill w ill be
in London, less exchange.
$-400,000
at
10«,
in
Toron-o.
<250,000 at 10n-40, in Toronto.
presented to the General Assembly authorizing the issuance
Entire issue, 100-31, in Toronto.
Entire issue. 102*31. in Toronto.
Entire
issue,
101*25,
in
London,
less
of $43,000 deficiency bonds.
Entire if-sue, 102 06, in Toront >.
change.
£80,000 at 102*50 in London, less ex Entire
Ventura County (C al.) Santa Panla School D istrict.—
issue. 101 -30, In Toronto.
change.
„
.
$500,000
at
102'83.
in
Toronto.
Bonds Defeated.—On January 15,1898, the question of issuing
Entire issue, 102*?650, in Toronto.
Entire issue. I0r32, in ’I oronto.
Entire issue. 102 4i, in Toronto
$25,000 at 104 90, in Toronto.
$10,000 school bonds was defeated at the polls.
Entire
Snt issue, 10'-—'0, in Toronto.
*300,000 at 102 51. $260,000 at 10263. £ 16,000 at 104*90, in London, less ex
Waltham, Mass.—Bids.—Following are the bids received
change.
*200.000 at 102*71, $200,000 at 10? J-2,
January 21, 1898, for the $8,000 A.%registered bonds:
*1'5.000 fit 102 90, *150.000 at 103 01, Entire issue, 103*225, in Toronto.
$100,000 at 106*12. $100,000 at 103*21, $200,000 at 107*50, in Toronto.
in London, less exchange.
i
The total amount subscribed for was $20,634,533, the prices
-ranging from 100-31 to 107*50. The highest bid for the whole
amount was 103*225. It is stated that the bonds, the award
of which has not yet been made, will be apportioned, making
an average price of about I 14. Bonds mature July 1, 1929.
For further description of securities see C h r o n ic l e January
1 1898 p i02.
’ T roy, Ohio.—Bonds Be-awarded.— The$18,000
electriclight bonds were re-awarded on January 4, 1898, to Seasongood & Mayer at their original bid of $19,295 75. These
bonds were avArded December 21, 1897, to S. Kuhn & S ins,
Cincinnati,
refused to take them unless they were litho
graphed instead of printed, as provided by the city. The
award was thereupon revoked and the bonds re-awarded as
¡stated above.
_ „
,,
,
.
U lster County (P . 0 . K ingston), N. Y .-B o n d OJfrrxng.'The county will sell at public auction at the Court House, 2
p. M. February 15, 1898, $75 000 H refunding bonds. Securi
ties are issued for the purpose of refunding bonds maturing
March 1, 1898; they are in denominations ot $1,0 0. dated
March 1, 1898. Interest will be payable March 1 and Sept
ember 1, and the principal will mature $3,0 0 yearly, begin
n in g March 1, 1899. The county will also sell at auction at
the same time and place $32,000 4$ court-house extension
20-year
10 -year
...... 109*15
...... 103*949
___108’8L
___ 108*6 6
...... 108*66
...... 108*65
.......108*56
105*51
105*31
106*089
105*13
105*036
104*875
104*87
101*79
104*67
bn-ds.
Estabrook & Coi, B oston..................
R. L. Day & Co., Boston..................
Blodget, Merritt & Co., B oston ......
N. W . Harris Sc Co. .Entire issue.
..
106*83
bo ds.
9)4-year
bonds.
105*27
104*92
104*897
104*77
104*808
104*76
10P65
101*66
104*57
bonds were awarded to Blake
As stated last week, t
Bros; & Co.
Bonds are designated as follows:
$3,000 surface drainage bonds, maturing January 1,1918.
3.010 street loan, maturing January 1, 1908.
1,0 >0 buii ling loan, maturing January 1, 1908.
l,00u grade-crossing loan, dated July 1,1897, and maturing July 1,1997.
Ware, Mass.— Loan Authorized.—At a town meeting held
in Ware on January 27,1898, it was voted to borrow $4,500
as follows : $3,^00 for the poor department, $500 for the high
ways, $«00 for the contingent fund and $60'i for military aid.
W aterbury, Conn.—Temporary Loan.—A report has been
current that the City Treasurer was authorized to borrow
$300.090, W e are advised by Richard F. Grady. City Clerk,
that the Board of Finance only authorized $30,001, iu antici
pation of the collection of taxes, and that the loan waa ne
gotiated with a local bank. Loan matures in May.
N E W LOANS
N E W LOANS.
N E W LOANS.
$ 3 ,3 3 0 ,0 0 0
$ 100,000
ST. LOUIS, MISSOURI,
S T A T E of N E W YORK City of Charleston, S. C.
VA PER C E N T BONDS.
3 PER C E N T BONDS.
Sealed bids will be received bv the undersigned
until 12 o ’clock M., Saturday, February 19th, 1898,
J
fo r One Hundred Thousand (S 1OO,c00) Dol
Pursuant to tbe provisions o f Chapter 79 o f Laws lars or oa f part thereof, o f new City o f Charleston
• f 1895, proposals will be received at this office until bonds, hearing interest at the rate o f 416 per cent
per annum, i ayable semi-annually on the 1st
Friday, the 18th day o f February, 1898, at 12 o’clock
April and on the 1st October, in each year. $90,000
noon o f that day fo r a loan o f
to be delivered April 1st, 1898, and $10,0i0 to he de
Three Million Two Hundred and Thirty livered October 1st, 1898.
The bonds are each o f the denomination o f Five
Thousand Dollars
Hundred Dollars and will run fo r thirty years from
fo r which transferable certificates o f stock, reg- date o f issue.
ered,
The right to reject any or all bids or parts o f bids
Is reserved.
P rincipal and Interest payable in Gold,
Bids should be forw arded to
will be issued in the name o f the People o f the State
J. O. LE A ,
o f New York, on the credit o f the Sinking Fund es
City Treasurer,
tablished hy said act, hearing interest at ih* rate of
Charleston, S. C.
three per centum per annum, payable semi-annually
o n the first day o f January and July, and the princi
pal reimbursable on tb e first day o f January, 1913.
Co m p t r o l l e r ’ s O f f i c e ,
B u r e a u o f Ca n a l A f f a i r s ,
A l b a n y , J anuary 22, I f 98.
1
These bonds are exem pt from taxation
pursuant to Chapter 89, Laws o f 1897.
Proposals may be for the whole or any part o f the
loan n ot less than $1,000, and such proposals must be
aocom panted by a certified check for one per cent o f
th e amount o f the bonds bid for.
Paym ents fo r the loan will be required to be made
on the acceptance o f the proposal by deposit in the
Bank o f the Manhattan Co. in the City o f New York
to the credit o f “ Treasurer o f the State o f New
York, on account o f Canal Fund ” o f the amount o f
the award, together with premium and accrued in
terest from January 1,1898.
The Comptroller reserves the right to reject all
bids which are not in his opinion advantageous to
the interests of the State.
Interest on the loan from the first day o f January,
1898, will be payable at the Bank o f the Manhattan
Co. In the City o f New York.
A ll proposals must he sealed and endorsed “ Loan
f a r Canal Improvements,” and directed to the Comp^troller o f tbe State o f New York, Albany, N. Y.
JAMES A . ROBERTS,
Comptroller.
a s , 000 R A P ID T R A N S IT F E R R Y CO.
(New York to Staten Island)
6%gold bonds, due 1904.
1896.
Gross earnings ............................. $127,600
Operating expen ses....................... 811,800
189’ .
$510,069
316,258
Net earnings
...........................$112.800
$193,«11
Increase in net earnings, $31,000.
Price, par and interest. Nets 5%.
William E. Nichols,
-
NEW Y O R K .
MUNICIPAL W ARRANTS.
SEND FOB LISTS.
M a t o r ’ s Off ic e ,
\
St . L o u is , August 7th, 1897 )
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. 13,061, 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 te
forty, inclusive, attached.
These bonds are called in fo r the purpose o f per
manent retirement.
H E Y. ZIEGEN H EÍN ,
Mayor.
: L. S.
ISAAC H. STURGEON,
Comptroller.
At te st:
H Y . BESOH,
Register
go,OOO C IT Y OF DENVER, t O LO R A D O .
0%bonds, average life 3)4 years.
Government a n d
Municipal Bonds
7 ,0 00 DOUG LAS
BOUGHT AND SOLD.
Population, l?0,i>0<>.
Price, l< 2)6 and interest.
Netting 5
COUNTY, G E O R G IA .
6%, average maturity 12)4 years.
Assessed valuation...........................................$1,061,000
...........................
24,000
Total d e b t ....,................
Population, io.noo.
Price, 109)4 and interest.
Netting 5%.
A nd other d e«i'able Investment bonds and guar
anteed stocks for savings banks and trust funds,
netting 3Jg to
C. H. W H I T E & CO.,
APPRAISEM EN TS M ADE OR QUOTATIONS
FURNISHED FOR TH E PURCHASE, SALE, OB
EXCHANGE OF A BO V E SECURITIES.
L IS T S ON A P P L IC A T IO N .
N. W. HARRIS & C O ,
BANKERS,
31 NASSAU ST. (B ank ot Com m erce BMt>)
BANKERS,
3 1 NASSAU ST ., NEW Y O R K .
J.5 W A L L STR E E T,
B O N D CALL.
W AR R AN TS.
Carefully se le ce d . High-grade State,County, City
and Public Scbool issues, maturing in 6 to 24 months
and earning 5 to 8 per cent onr specialty.
R O B T . E. ST R A H O R N & CO.,
Equitable Building,
Beaten, fttasa.
MUNICIPAL BONDS.
E. C. S TA N W O O D & Co.
BANKERS,
121 Devonshire Streefc
BOSTON.
254
THE CHRONICLE
[VOL. L X VI,
W ellington, Ohio.—Bond Election.—An election w ill be
held January 29, 1898, to vote on the question of issuing
$80,000 bonds for the construction o f an electric-light plant
and «a water-works system.
Westfield, Mass.—Bond Sale.—On January 27, 1898, the
$100,000 4% water loan bonds were awarded to Parkinson &
Burr, Boston, at 107*317. Following are the bids :
Bonds were awarded to the Yonkers Savings Bank. They
are dated February 1, 1898, and mature as follows: Redemp
tion bonds February 1,1901; the assessment bonds, $79,000*
February 1, 1899, and $20,000 February 1,1900.
Youngstown, Ohio.—Bond Sale.—On January 24, 1898, the
$15,000 5# garbage bonds were awarded to C. B. Wilbax,
Boston, at 104*26. Following are the bids :
Parkinson & Burr. B oston.......... 107*317
N. W . Harris & Co., New York. .107' 125
Longstreet, Stedman&Co., Bos,107*043
R .L . Day & Co.. Boston........ ...... 106*817
Adam s & Co., B oston................ 106*79
Blodsret, M erritt* Co,. B oston. 106*78
Estabrook & Co. Boston............. 106*695
C. B. W ilbar, B oston...............$15,639 00
Adams & Co., B oston ............. 15.624 50
Jose, Parker & Co.. B o sto n ... 15,618 75
Dietz, Denison & Prior, C levland.......... ............. ................ 15,615 00
Longstreet, Stedman & Co.,
B o sto n .....
.
............... 15,61155
Mahoning Nat. Bank,Youngst o w n ............ ................... 15,809 00
N .W .H a r r is * C o ., Chicago.. 15,808 00
Rudolph K leybolte & Co., Cin. 15,591 50
R . L. Day & Co., B o s t o n ...... 15,575 85
C. H. W hite & Co., New York. 16,662 50
Mason, Lewis & Co., B oston...... 106 599
Vermilye & Co., New Y ork ........ 106*559
E. H. Rollins & Sons, B oston ... .106*553
Blake Bros. & Co., B oston..........106*520
Geo. A . Fernald & Co., Boston.. 106*473
Dietz, Denison & Prior, Cleve.. .106*290
Jose, Parker & Co., B oston ........ 106*235
Bonds are in denominations of $500 and $1,000 dated Octo
ber 1, 1897, and mature $3,000 yearly on October 1 from 1898
to 1907, inclusive, and $3,500 yearly thereafter until 1927, in
clusive. Interest will be payable April 1 and October 1 at
the Suffolk National Bank, Boston.
W ilkinsburg, Pa.—Bond Sale.—On January 22, 1898, the
$15,00 0 4% street improvement bonds were awarded to the
Mercantile Trust Co., Pittsburg, at 101*11. A bid of 101*23
was received from W . J. Hayes & Sons, Cleveland, but did
not include the State tax, and was rejected. Bonds mature
one bond every other year for 5 years and then one bond
yearly until paid. For further description o f bonds see
C h r o n ic l e , January 15, 1898, p. 151.
Winningham School D istrict, Nottaway County, Ta.—
Bonds Authorized by the House o f Delegates.—The House
recently passed & bill authorizing the issuance of a $650 bond
for the completion of a school-house at Crewe.
Yonkers, N. Y.—Bond Sales.—On January 26, 1898, the
following bids were received for $60,000 4% redemption bonds
and $99,000 4% assessment bonds:
Yonkers Savings Bank................... .
Muller & Co......................................
Farson, Leach & Co., New York...
Benwell & Everitt. New Y ork........
Geo. M. Hahn, New Y ork )........
N. W . Harris & Co.. New Y ork.... ,
Seymour Bros. & Co., New York...
Daniel A. Moran & Co., New York.
P eople’s Savings Bank....................
Blake Bros. & Co...............................
Edw. C. Jones Co., New York........ .
L . W . Morrison, New York............
Bonds mature
. . . ,000 yearly beginning August 1, 1899. For
further description of bonds see C hronicle Jan. 1,1898, p. 49.
STATE AND CITY DEBT CHANGES.
Buffalo County, Neb.—County seat is Kearney.
L O A N SWhen Due. Bonded debt Jan. 1, ’98. $124,000
Co u r t H o u se B on ds—
73
Sinking fund.......... .........
5s, J&J, $45,000.......Jan. 1,1910 Netdebt Jan. 1 ,1 8 9 8 .... 123,927
Subject to call after Jan. 1,1900 Tax valuation 1897........ 2,875,137
F u n d in g B o n d s Assessment about ig actual value.
78, M&N,$ 25,000
May 1,1900 County tax (per$l OOO) ’97.$17*00
5s, J&J,
54,000
Jan. 1,1908 State tax (per$l .JL , ...........$7*375
Subject to call at any time.
Population in 18 m *as.......22,162
Population in 18b™ V it.).. .24,000
INTEREST is payable at Kearney, Neb.
Mechanicsburg, Pa.—F. L. Coover. Secretary,
r-Assessment Bonds.—.
This
$79.000,
$20,000,
$60,000 Beborough is in Cumberland County.
motion Bonds, due 1899.
due 190Ó.
100*64
. 101*896
101*26
LOANS—
Amount, j Bonded debt Jan. 1,1898 $35,425
. 102*05
Reg’dbds. due July 1,1901.$3,500 |Floating debt.
. 101*77
100*50
2,600
101*20
Do
do Apr. 1,1902! 6,675 i Total
. 101*74
100*54
101*04
______debt
^ J aii.'ï,Ï898Ü
38 025*
Do
do Oct. 1,1902.
. 101*68
500 Assessed
* -------- 5E--**1
-------7 !! l , 562*978
valuation’’9
. 101*572
Do
A ll at 100*251
do Apr. 1,1903.10,500 Assessment about % actual value.
. 101*43
100*30
100*49
Do
do Apr. 1 ,1904. 4,400 Tax rate (per $1,000) 1897.$14*00
. 101*43
Do
do Oct. 1,1904. 5,000 Population in 1890 w as........3,691
. 101*43
100*50
100*98
Do
do Apr. 1,1905. 7,000 Population in 1897 (est.)
. 101*14
A ll at 101*14
5,000
Interest 4%. Payable at Treas. 100*76
urer’ s office
100*50
101*07
N E W LOANS.
$ 4 0 ,5 0 0
1 8 .0 0 0
1 1 .0 0 0
3 6 .0 0 0
4 0 .0 0 0
4 ,9 0 0
3 0 ,1 0 0
4 5 .0 0 0
The Lamprecht Bros. Co.,
Cleveland............................... $15,556 50>
Seasongood & M ayer,Cincin. 15,552 75
Mason, Lewis & Co., Chicago. 15,49150
The New First National Bank
Columbus............................... 15,485 50
Atlas National Bank, Cincin. 15,475 50
W . J. Hayes & Sons, C leve... 15,467 00
Edw. C. Jones Co., Cincinnati. 15,413 00
Farson, Leach & Co.; C hic.... 15,400 00
S. A. Kean, Chicago................ 15,390 00
Citizens’ Savings & L o a n Co.,
Mansfield...................... ........ 15,80100
B raddock, P a ............................
Sandusky, O h io.........................5s
College Point, N. Y ................. 4s
Newtown, N. Y ......................... 5s
East Providence, It. 1............4s
Portsm outh, O hio...................4V£s
B radford, P a .............................4s
G reenville, M iss..................... 6s
F O R SALE B Y
Rudolph Kleybolte & Co.,
35 a n d 37 Nassau S t„ M e w Y o r k .
C IN CIN N ATI, O.
INVESTM ENTS
IN V E S T M E N T S .
Investment Bonds
ADAMS & COMPANY,
FOR
BANKERS
New York Savings Banks
and Trustees.
D E A LER S IN
L IS T S S E N T U P O N A P P L I C A T I O N .
I N V E S T M E N T BO N DS,
MEMBERS OF BOSTON AN D N EW YO RK
STOCK EXCHANGES.
‘Members o f Boston Stock Exchange.'
R. L. DAY & CO.,
No. 7 Congress and 31 State Streets,
BOSTON.
4 0 W a te r Street, Boston.
7 Nassau Street, N ew Y o rk .
MASON, LEWIS & CO.,
BANKERS,
6 7 M ilk Street, Boston,
1 71 L a S a lle Street, Chicago,
SUITABLE FOR
OFFER FOR SALE
T roy, N. Y .................................................
3Hs SAVINGS BANK AND T R U S T
Farm ington, Si. H ................................................ 4 s
S edalia, M o............................
4 Hb
FUNDS.
South Omaha, Neb....................................... .5s
5s
A storia, 111. ..............................................
Mom ence, III................................................... 5s
LISTS MAILED ON APPLICATION.
T rinid ad , Col. (G old).................................... 5s
L a k e County, In d ...........................
5s
R o ck w e ll, l a . (School)................................. 5s
W e s t Chicago St. R R .(C hicago) 1st M tge.5s
South S ideE lev. R R . (Chicago) 1st M ort.4^s
PU BLIC SE C U R IT IE S
Farson, Leach & Co.,
8 2 0 0 ,0 0 0
CH ICAG O .
1 0 0 D earborn St.
NEW Y O R K ,
2 W a ll St.
Central RR. & Electric Co.
(O f New Britain, Connecticut.)
1st Mortgage Sinking Fund Gold 5s.
This road has direct connection with the Citv o f
H artford.
Serd fo r earnings to Oct. 1,1897, and fu ll descrip
tion j f roperty.
E. Hi ROLLINS <& SONS,
W HANN & SC H LESIN G ER
GO VER N M EN T,
MUNICIPAL,
S T R E E T RAILWAY,
BONDS.
N E W YO RK ,
- 1 NASSAU STREET,
P H IL A D E L P H IA , - 421 CHESTNUT ST.,
CINCINNATI - 30 EAST T H IR D ST.
BONDS
Municipal
Descriptive Circulars on Application.
B U Y AND SE L L
TEXAS MUNICIPAL BONDS.
BANK STOCKS.
R. N. MENEFEE & C0., BANKEBS,
CHARLES W. ROSENBERGER,
1 8 W a ll Street, New Y o rk .
W. J . Hayes & Sons,
BANKERS,
DEALERS IN MUNICIPAL BONDS,
M U N IC IP A L BONDS.
Street Railway Bonds, and other high-grade in
vestments.
C le v e l a n d , Ohio.
BOSTON, MASS.,
7 Exchange Place.
3 1 1 -3 1 3 Su perior St»
Gable Address. " KENNETH
1 9 M ilk Street. Boston. M ass.
E D W A R D C . J O N E S CO.
4 1 W a ll S t., N . Y .
Railroad
2 W A L L ST R E E T,
NEW Y O R K .
Gilman,
Son
&
Co.,
BANKERS,
Blodget, Merritt & Co.,
NO. 6 2 C E D A R S T R E E T , N. Y .
BANKERS,
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investm ent Se
curities.
16 Congress Street, Boston.
STATE, CITY & RAILROAD BONDS
Second-Hand Set o f Chronicle Yolum es, from
to 1896, fo r sale.
A 1866
W IL L IA M B. D A N A COMPANY.
, 76)^ .Pine Street; New Y ork
THE
J a n u a r y 29, 1898.]
CHRONICLE.
ffiuaucial.
ifitxancial.
T h e A u d it C o m pa n y
TH O M A S & PO ST,
BANKERS AND BROKERS.
OF NEW YORK,
E quitable B uilding, 120 Broadway.
Acting President.
AUGUST BELMONT,
Manager.
THOM AS L. GREENE.
Consulting
W . B. PARSONS.
C hief o f Corps o f Eng’rs,
H E N R Y B. SEAMAN.
Financial.
Vice-President.
W IL L IA M A . NASH.
Chief Consulting A uditor
STEPHEN L ITTLE .
Engineers,
E. S. PEARSON.
Secretary and Treasurer.
E D W A R D T. PERINE.
pecial Attention Given to O ut-ofTown Investment Orders.
E D W A R D R . TH O M AS,
7 WATT ST
Member N. Y. Stock Exchange, _
**
EDWIN M. POST,
NEW YORK.
Howard Lapsiey & Co.,
ZACHRY & EWEN,
BOND?.
Hatch & Foote,
W. H. Goadby & Co.,
R E A L ESTA TE
INVESTMENT.
B A N K E R S AND B R O K E R S
A O.
94
B R O A D
N ew
YORK,
and
N egotiator.
Makes a Specialty o f Selling R E A L ESTATE and
PERSON AL P R O PE RTY fo r 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, that requires
extensive advertising fo r purchasers,
Makes a Specialty o f NEGOTIATIONS fo r H O TE L
PR O P E RT Y , SECURING LEASES, A P PRA ISIN G
FURNISHINGS, BUYING and SELLING.
Business connections with Syracuse. Headquar
ters, Yates Hotel.
The Mutual Benefit
LIF E INSURANCE CO.. N E W A R K , N. J .
A M ZI DODD, President
Assets (Market Values) Jan. 1,1898........... $63,024,972
Liabilities (N. J.,N.Y. and Mass. Standard). 58,864,824
Surplus................... .......................................... 4,160,147
POLICIES
ABSOLUTE V NO N -FO RFEIT A B L E A F T E R
SECOND Y E A R .
IN case of lapse the P olicy is continued IN
force as long as its value will pay fo r : or if pre
ferred a Cash or Paid-up Policy Value 1« allowed.
A fte r the second year Policies are I ncontestable
and aU restrictions as to residence, travel or occ«p o
tion are removed
■; i
The Company agrees in the Policy to Loan up to
the Cash S urrender Value when a satisfactory assign
ment o f the Policv is made as collateral security, ap
L osses paid im nediately upon comnletoe*» and
proval o f proofs.
3an* and Trust CompanyStocks
New York and Brooklyn
BOUGHT AN D SOLD.
CLINTON GILBERT
9 W A L L S T ., NEW Y O R K .
CHRONICLE VOLUMES.
FOR
SALE
S IN C E
SECURE BANK VAULTS
1866.
A P P L Y TO
W IL L IA M B . D A N A CO M PAN Y,
T6X Pine stre e t. New Y o rk .
GENUINE
W rite or Call for Particulars.
A pp raiser
S T U R B I
WELDED CHROME STEEL AND IRON
Speaking of Manhattan Island Real
Estate Investment, the “ N. Y. Evening
Post” , April 3, 1897, said:
“ * * it is sure in time to become
immensely profitable ; for the in
crease in tiie fee value of the prop
erty will be attended by a greater
demand * * and a relative increase
in rents.”
Auctioneer,
Y ork .
CASS R E A L T Y
C O R P O R A T IO N .
9 0 9 , 911 and 9 1 3
East T w enty-T hird Street.
7 0 SOUTH ST R E E T.
AUBURN, M EW
DIRECTORS :
August Belmont,
A. J. Cassatt,
No. 41 BROADWAY NEW YORK.
Frederic P. Oloott,
Marcellus Hartley,
Transact a General Banking and Stock
James Stillman,
Charles R. Flint,
Exchange Business.
William A. Nash,
George Coppell,
ACCOUNTS OF BANKS & BANKERS SOLICITED
Joseph S. Auerbach,
G. B. M. Harvey,
INTEREST ALLOWED ON DEPOSITS.
George G. Haven,
J ohn X. Waterbury,
Private Wires to Boston and Chicago.
George W. Young.
ADVISORY COMMITTEE“
W . A . C. EW EN
J. G. ZA C H R Y .
of Stockholders:
W. Bayard Outtj*gg,
T. Jefferson Coolidge.jr
Walter G. Oakn;, %y
Charles S. Fairchild,
A. D. Juilliarc' •
Gustav E. Kissel,
35 W a ll Street, New Y o rk .
Henry W. Poor,
Isaac N. Seligman,
R A IL R O A D , M U N ICIPAL, TRA CTIO N .
INVESTMENT SECURITIES.
Louis Fitzgerald,
Robert Maclay.
Correspondence Invited.
The Audit Company examines and reports Loans Negotiated.
upon the accounts and financial condition of
corporations, copartnerships and individuals,
and examines and reports upon the.physical
condition of railroad, manufacturing and
BANKERS,
other properties.
No.
3
NASSAU
STREET, NEW YORK
Its services are of value to investors, finan
cial institutions, borrowers of money, directors
INVESTMENT SECURITIES.
o f corporations, merchants, firms and pur
chasers of properties.
MANHATTAN ISLAN D
Fred. M. Smith,
Round and Flat Bars and 5-plv Plates and Angles
•
f o r SAFES, V A U L T S, Ac.
Cannot be Sawed, Cut or Drilled, and positive)j
Burglar Proof.
CH ROM E STEEL W O R K S ,
Kent A ve., Keap & H ooper Sts.
•»ole Man’f ’ers in the U. 8. B R O O K L Y N . N. V.
WM. FRANKLIN HALL,
A ccountant
BOSTON. MASS.
Books audited. Examination, and investigations
isoaducted with the utmost care and efficiency.
W lxitiuQ gaper.
W
w
REFERENCES B Y PERMISSION .
a . B l a i r , o f B la ir & Oo., 33 Wall
a r t , 2 W all Street, New York.
o f H . S. M i l l s , K a n s a s City, M o .
S m a r t , Capitalist, Kansas City, M o .
James
O. C. E w
Ba
St., N ‘
n k
D. O .
B A N K E R S S H O U L D T H IN K
w . j . McK i n n e y ,
K A N SA S C IT Y .
.
.
.
M ISSOU RI,
More seriously about the paper used in their ar-
Collector and A djuster o f Western Real Estate
Mortgages. Fifteeu years’ Western experience.
Familiar with all parts o f the W estern investment
territory.
Solicits correspondence from holders ot all forms
o f W estern investments and from those desiring to
change existing arrangements.
count books. Do you know the Whiting Linen
Ledgers? They are perfection, and will withstand
the severest tests of erasure and re-writing.
LOANS BOUGHT AND SOLD.
They
are made in tints that give the eye most ease by nat
Special attention to the management and sale o f
roperties acquired under mortgages.
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 o l y o k e , M a s s .,
BANKERS,
18
W ALL
STREET,
NEW
and
150 D u a n e S t r e e t , N e w Y o r k .
YORK.
Established 1 8 6 5 .
¡MEMBERS OF NEW YORK STOCK EXCHANGE
Allow interest on deposits subject to sight check
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal In
Investment Securities.
H . J. M o r se
Chas
d
.
m a r v in .
w
m
K id db h
w
w
THE CHRONICLE.
Z
(V o l . L X V I,
ga n gers atud %xoTitxs © tti of U jeur Uurlt.
CINCINNATI.
Irwin, Ellis & Bajlmann
BANKERS AND BROKERS
Dealer
in
C
in c in n a t i
CHICAGO
SOUTHERN.
Bo n d s .
No. 8 7 East Third St.. Cinclnnntt. Ohio
S easongood & M ayer ,
8 . W . C orn er T h ird and W a ln u t Streets.
C IN C IN N A T I, O H IO .
W il l ia m W ilson & Sons , Established 1802.
W ilson . Colston & Co.,
“
1867.
Wilson, Colston & Co.,
Members o f Baltimore Stock Exchange,
BAN K E R S.
2 1 6 East B altim ore Street, B a ltim ore.
Investment and Miscellaneous Securities a spec
talty, and whole issues handled.
Exceptional facilities fo r dealings in all classes o f
louthern Bonds. Loans on Collateral Securities
negotiated.
John W. Dickey,
A U G U S TA , GEORGIA.
H A I G H T & FREESE,
58 B R O A D W A Y , N EW YORK.
Boston, 85 State St.; Philadelphia, 402 W alnut St.
Execute orders in Stocks, Bonds, Grain, Cotton
and Provisions on the New York, Philadelphia, Bos
ton and Chicago Grain and Stock Exchanges fo r In
vestment or to be carried on margin o f 3 to 5 per
cent at moderate rates o f interest and 1-16 commis
sion. Interest allowed on margins and deposits sub
je c t to check at sight.'
D E T E R M IN IN G T H E F IN A N C IA L . R E
S P O N S IB IL IT Y O F T H E F IR M W IT H
W H IC H YO U D E A L IS A S IM P O R T A N T
A S S E L E C T IN G T H E R I G H T S T O C K S .
C H IC A G O , IL L S .
Members New York
Stock
Exchange, Ohieag®
Stock Exchange and Chicago Board o f Trade,
Jamieson & Co.,,
S T O C K S —B O N D S
1 69 L A SA L LE STREET,
Chicago, Ilia.
S E C U R IT IE S .
Davenport & Co.,
BANKING HOUSE OF
1 1 5 -1 1 7 L A S A L L E STREET.
Members New York and Chicago Stock Exchanges
SOUTH ERN
IfitratLCial.
B A N K E R S AND B R O K E R S ,
BROKER,
MUNICIPAL BONDS.
High-Grade Ctty, County Town and School tsonaa
Issued in leading prosperous States o f the Union
especially adapted for safe and permanent investment tnr TCstat.es and Trusl Funds.
A . O. Slaughter & Co.*
BJIOAARI,
R IC H M O N D , V IR G IN IA .
B A N K B D S
AND
ESTABLISHED 1860.
Correspondence solicited and inform ation fur
nished about Southern State. Municipal and Ra i
oad Investment Securities.
Reference—Bank of New York N. B. A.
Private wire to New York and Philadelphia.
Loeb & Gatzert,
m ortg ag e
ban k e r s
,
126 L A S A L L E S T R E E T , C H IC A G O .
First Mortgages fo r sale In large and small amounts,
petting Investors 6, 5 ^ and 6 per cent, secured by
improved and income-bearing Chicago city property
Principal and Intereat Payable In G old.
CORRESPONDENCE SOLICITED.
C. W. Branch & Co.,
A . G. Becker & Co.s
BANKERS AND BROKERS
St a t e b a n e B u il d in g
( INCORPORATED J,
*
R I C H M O N D , VA.
Private wires connecting with Washington, Baltinore, Philadelphia. New Fork, Boston and Chicago
New York Correspondents: Messrs Ladenburg
Fhalmann & Co. and Lehman Bros.
C O M M E R C I A L PAPER.
1 9 9 L a S a lle S t., C h ica g o , 111.
A . Strass burger,
PITTSBURG.
Private wires to Boston, Philadelphia and Chicago.
S T O C K S Ac B O N D S B R O K E B
B r a n c h O ffice , 1 1 3 2 B r o a d w a y , N e w Y o r k .
SOUTHERN INVESTM ENT SECURITIES,
Henry Sproul & Co.*
I860.
1898.
The United States Life
Insurance Co.
IN T H E C IT Y OF NEW Y O R K .
A ll policies now Issued by this Company
contain the fo llo w in g clauses :
“ A fte r one yea r from the date of lssne,
the lia b ility ol the Company under this
policy shall not be disputed.”
“ T h is policy contains no restriction
w h a tever upon the insured. In respect
either ol travel, residence or occupation.”
A ll Death Claim s paid W IT H O U T D IS.
COUNT as soon as satisfactory proofs hav«
been received.
A ctive and Successful A gents, w ishing to
represen t this Com pany, m ay com m uni
cate w ith the President, at the H om e
Office, 8 61 B roadw ay, New Y ork ,
OFFICERS:
G EORGE H . B U RFO RD .. ............... P r e s c i e n t
C, P. F R A L E IG H ........................ ................... Secretary
A . W H E E L W R IG H T ................ .Assistant Secretary
W ILLIAM T. STAN DBN .......... ..................... Actuary
A R T H U R C. PE RR Y ,
.......................Cashier
JOHN P. MUNN..........
....M edical Director
Montgomery, Ala.
Austin
R
.
Myres,
SAVAN NAH. G a /
BOND AND STOCK BROKER.
Real Estate Loans,
D A N K OF CH ARLESTO N .
D
N ATIO N A L BANKING A - SOCIATION,
___ ■ CH ARLESTO N , SO. C A R .
C A P IT A L .............................. ............................... $300,000
SURPLUS.............................................................$100,000
MISCELLANEOUS.
Ladd & Tilton,
B A N K E R S,
PO RTLAN D , OREGON.
SUCCESSOR TO
B r ln c k e r h o ft, T u r n e r & C o .,
Transact a G eneral
Banking Business
M IN IN G
IN V E S T M E N T S .
Members Colorado Springs Mining Stock Association.
W eekly Market Letter sent upon application.
Ed w a r d s W h i t a k e r ,
Ch a r l e s U odo m an
A full supply all Widths and Colors, always in
stock.
1 0 9 Duane Street. New Y o rk .
R. T
Wilson & Co.,
BANKERS AND COMMISSION MERCHANTS,
33 W a ll Street, New Y ork
PA.
ESTABLISHED 1871.
Whitney & Stephenson,
BANKERS AND BROKERS
Oldest Pittsburg Members N. Y. 8toek Exchange,
T . Mellon & Sons’ Bank,
P IT T S B I R G H , PA.
GEN ERAL
B A N K IN G ,
COLLECTION S
INVESTMENTS.
PHILADELPHIA.
BANKERS AND BROKERS,
M o. 1 3 9 Sou th F o u rth St.,
P H IL A D E L P H IA .
Transact a general banking business.
Allows,
interest on deposits.
Members o f the Philadelphia and New York Stock:
Exchanges, and connected by private wire with
New York.
W G. H opper ,
h . 8. H opper ,
Mem bers o f Philadelphia Stock Exchange.
BOND AN D STO C K B R O K E R S ,
Wm. G. Hopper & Co.,
3 0 0 N o r t h F o u r t h S treet,
STOCK AND BOND BROKERS,
2 8 S o u th T h ir d S tre e t, P h i l a d e l p h i a .
S T . L O U IS .
AG EN T
UNITED ST ATES BUNTING CO.
P I T T S B U R G ,
H. J . von Hemert & Co., E. W. Clark & Co.,
C O T T O N SAIL DUCK Whitaker & Hodgman,
COTTON CAN VAS FELTING DUCK
CAR COVERING BAGGING,
B A YENS DUCK, SAIL TW INE, AC.,
POPE “ AW N IN G ’» STRIPES.
MEMBERS OF THE
N EW YORK STOCK EXCHANGE;
P H IL A D E L P H IA STOCK EXCH AN G E
PITTSBU RG EXCHANGE (3 MEMBERS),
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF TR AD E.
Co llections Giv e n Sp e c ia l A tt e n t io n .
M AN U FACTU RER AN D D EALER IN
A N D A L L K IN D S OF
AVENUE,
ESTABLISHED IN 185».
B A N K E R S AND B R O K E R S ,
C O L O R A D O S P R IN G S , - - COLO.
J . Spencer Turner,
FOURTH
P IT T S B U R G , P A t
N o . 67 F O U R T H A T E N U E .
FIN AN CE COMMITTEE:
j0HN<j\T üW E K .s.\;:::;.\-p f e.8; ° hem-
78
J a m e s R ic h a r d s o n
H o w a r d L ee Cl a r e
Richardson & Clark,
BONDS A D VERTISED on the market supplied
SUBSCRIPTION PRICES.
Telephone 160
BANKERS.
C. & H. Borie,
25 E x c h a n g e S t r e e t , P r o v id e n c e , R . I .
B A N K E R S AND B R O K E R S ,
Commercial Paper, Bonds, Stocks and
Local Securities,
T h ir d
and
C h e s tn u t
S treets.
P H IL A D E L P H IA , PÈNN.
THE CHRONICLE,
JANUARY 29 18! 8 ]
f ? O X tlQ U *
T he Union Discount Co.
o f London, Limited.
89 Cornhill , L ondon , January 2 8 .18P8
Capital Subscribed...................... 8 6 ,3 7 0 ,0 0 0
Paid Up.................
3 ,1 8 5 ,0 0 0
R eserve Fund................................ 1 ,1 7 6 ,0 0 0
84 8 5 = £ 1 .
NOTICE IS H E RE B Y GIVEN that the RATE S
o f INTEREST allowed for m oney on deposit are as
fo llow s:
A T C A L L , 9 PE R CENT.
AT 3 T O 7 D A Y S ’ N O T I C E , 2 X P E R C E N T .
The Company discounts approved bank and mer
cantile acceptances, receives money on deposit at
rates advertised from time to time in the London
papers, and grants loans on approved negotiable
securities.
C H R IS T O P H E R R . N U GEN T, M an ager.
Heinemann & Co.,
62 Gresham House, E. C.,
I n s u r a n c e
© a n a d ia n B a n k s
B A N K o f B R I T I S H N O R T H A M E R IC A
ESTABLISH ED IN 1830.
Incorporated b t R o t a i, Ch arter in 1840.
Solicit accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable term s; also orders for the pur*
chase and sale o f Bonds, Shares, Ac. Ao,
on the Stock Exchange.
Internet allowed on Deposits, snbjeot to 60-days’
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to de
mand drafts.
negotiate Railway State and City Loans.
The Railway Share Trust
& Agency Company,
LIMITED1
4 Bank Buildings, London, England.
Subscribed and Paid-up C apital. .£ 9 71 ,0 0 0
L o n d on O pfice —8 Clements Lane, Lombard SL,E.C.
Agents In New Y ork, j
62 W A L L STREET.
Buy and sell Sterling Exchange and Cable Trans
fers. Issue Demand Drafts on Scotland and Ireland;
also on Canada and San Francisco.
C I R C U L A R N O T E S Issued in pounds Ster
ling, available In all parts o f the world.
CO M M ERC IAL C R E D IT S ISSUED forn se
in Europe, China, Japan. East and W est Indies and
the Brazils, River Plate. Australia, etc.
Bills' collected and other banking business trans
acted.
Bank of Montreal.
[E stablish ed 1817.]
C A P IT A L P a id In.........8 1 4 ,0 0 0 ,0 0 0 Gold
SU R P LU S........................ 8 6 .0 0 0 ,0 0 0 Gold
H EAD O FFICE, M O N T R E A L
R t . H on . L ord btráthcona a n d Mount R o v a l ,
G. C. M. G.................................................. President.
NEW TORK OFFICE,
N o s . 5 9 a n d 61 W A L L S T R E E T .
R . Y . HEBDEN, ) .
J. M. G r e a t a , SAgents.
Buy and sell Sterling and Continental Exchange
and Cable Transfers ; grant Commercial and Trav
elers’ Credits, available in any part o f the world;
issue drafts on and make collections in Chioago and
throughout the Dominion o f Canada.
L o n d o n O ffice, N o . 9 9 A h c b u r c h L a n e .
A L E X ’ R LAN G. M anager.
Imperial Bank o f Canada.
C A P IT A L (paid u p)....................8 9 ,0 0 0 ,0 0 0
SU R P L U S ..................................... 1 .4 6 0 ,0 0 0
H . 8. HOW LAN D. Pres’t. T. R. M E R R IT T , Yice-P .
D. R. W ILKIE, General Manager.
H EAD O FFICE, T O R O N T O .
Branches in Ontario an d Quebec —Essex,
Fergus, Gait. I 'gersoll, Montreal, Que., Niagara
Falls, Port Colborae St. t,at tannes, rt. Thomas,
so.nit.ftte Marie. Welland, W ooc stock, Rat Portage.
Toronto, W ellington street, konge and yuoea
St,»., y unge and Bloor Sts.
Branches in
b ia .—Winnipeg,
Northwest a n d British Colum
This Company undertakes the negotiation and issue
Of Loans and Capital o f Companies on the London
market, and acts as agent for approved Railway or
Other Corporations in payment o f interest, Dividend«
Registration o f Stock, and generally, and also a'
Trustee for Debenture holders.
Brandon, Calgary. Portage la
Pralne. Prince Albert. Edmonton. South Edmonton,
Revelstoke. B. C., Vancouver, B. C.
Agents in London,
i Agents in New York.
Lloyd’s Bank, Limited. I B ank o r Montreal
Collections promptly made in any part o f Canada-
CABLE ADDRESS P A V T . LONDON
Merchants’ Bank of Canada.
Hong Kong & Shanghai
C a p ita l Stock P a id u p ............... 8 6 ,0 0 0 ,0 0 0
R eserve Fund.
................8 3 .0 0 0 ,0 0 0
B A N K IN G C O R P O R A T IO N .
J o h n B . H a r r is , J r . a n d T . E . M e r r e tt,
Paid-up Capital (Hong Kong currency) $10,000 000 00
Reserve Fund................................. ........... 7,000,000 00
Reserve Liability o f Proprietors........... 10,000,000 00
The Corporation grant Drafts, issue Letters o f
Credit for Travelers, and negotiate or collect B ill,
payable at Hong Kong, Amoy, Foochow, Saigon,
Shanghai, Hankow, Tientsin, Yokohama, H iogo,
Bombay, Calcutta, Singapore, Bangkok, Batavia,
Manila, San Francisco and London.
A . M . T O W N S E N D , A g e n t 5 0 W a l l St
D raw er* o f Sterling Exchange.
AGENTSI
5 4 W IL L IA M ST R E E T, NEW Y O R K .
BUY AND SELL STERLING EXCHANGE. CABLE
TRANSFERS. ETC.
Issue Commercial Credits, available in all parts o f
the World, on the Clydesdale Ba n k , L im ited .
Correspondents o f the Bank o f British Columbia.
San Francisco, Portland. Make collections and issue
drafts on all parts o f Canada.
Fried. G. Schulz senior,
Canadian Bank
BANKER,
C a p ita l a n d S u rp lu s ,
H E A D O F F IC E ,
S tuttgart,
* -
G e rm a n y ,
[Established 1884.]
of
Commerce.
8 7 ,0 0 0 ,0 0 0
TORONTO.
A le x . L a ir d a n d W m .
G ra y ,
A g e n ts,
C o lle c t io n o f I n h e r it a n c e s a S p e c ia lty .
16 EXCH AN G E PLACE, NEW Y O R K .
Correspondents in New Y ork ,
SCHULZ & RUCKGABER.
a v a i l a b l e In a l l p a r t s o f t b e W o r l d , o n t h e
Jordaan, Cohen & Wennink,
BANKERS,
T r a v e le r s ’ L e tt e r s o f C r e d it,
B A N K O F SC O T L A N D , LO ND ON .
^financial.
SOUTH ERN
P A R IS .
IN V E S T M U N I S.
Exchange Banking & Trust Co.
CHARLESTON, S. C.
f in a n c ia l.
Cable Address,
Code Used,
“ A. B. C.”
••exba tco . Charleston .”
Fred. H
Smith,
N o. 8 B R O A D S T R E U T N E W Y O R K .
S T O C K S A N D BO N D S.
M A R G I N A OOOTTNTS S O L I C I T E D
INTEREST A LLO W ED ON BALANCES,
arket Letter on Application. Correspondons
Invited. Established 1868
A ll classes o f Unlisted Securities and Traction
Stocks Bought and S oil
O F F IC E O F T H E
Paid-up C apital..........A l , 0 0 0 .0 0 0 Sterling
“
R eserve Fund............. £ 4 7 5 ,0 0 0
B. S. Clouston . .............................. Generai Manager.
LONDON.
XS
C A P IT A L P A ID U P, - D e p o s i t s S u b je c t t o C h e c k
-
8 1 0 0 ,0 0 0 0 0
3 0 0 , 0 0 0 OU
Offers its services to investors for the pur
chasing of sound, dividend-paying Municipal,
Industrial and other good Bonds and Stocks.
Also Farming and Timber Lands, Mill
Sites, Water Powers, Hotel Sites, etc,,
In the outhern States. Corresponden invited.
GEO. B. EDW ARDS,
W . K. MC 0 0 W ELL,
President.
hier.
R. e . MUCKENFUS, Secretaryand Treasurer.
A TL A N TIC
M UTUAL
I N S U R A N C E CO.
N e w Y o r k , January 21,1898.
The Trustees, in conformity with the Charte v
of the Company, submit the following state
ment of its affairs on the 31st of Deeembe r
1897:
Premiums on Marine Risks from
1st January, 1897, to 31st De
cember, 1897............................ $2,844,038 61
P r e m iu m s on Policies not
marked off 1st January, 1897. 1,047,955 31
Total Marine Premiums............ $3,891,993 92
Premiums marked off from 1st
January, 1897, to 31st Decem
ber, 1897.................................... $2,653,653 09>Losses paid durin g
the same period.$l,425,630 20
Returns of
Premiums
& Expen’s.$684,939 39
The Company has the follow
ing Assets, viz.:
United States and City of New
York Stock: City Banks and
other Stocks ........................... $7,330,895 0 0 ”
Loans secured by Stocks and
otherwise......................................... 1,157,000 OO
Real Estate and Claims due the
Company, estimated at.................
1,121,500 OO
Premium Notes and Bills Re
ceivable .................................... 1,02 8,605 9T
Cash in Bank.....................................
286,424 11
Amount........................................ $10,922,425 08
Six per cent interest on the outstanding cer
tificates of profits will he paid to the holdersthereof, or their legal representatives, on and
after Tuesday, the first of February, next.
The diminished income yielded on investment
in recent years may in the future render n ecessary a reduced rate of interest on certificates.
The outstanding certificates of the issue o f
1892 will he redeemed aud paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the first of February next, from
which date all interest thereon will cease. The
certificates to he produced at the time o f pay
ment, and canceled.
A dividend of Forty per cent is declared on>
the net earned premiums of the Company for
the year ending 31st December, 1897, forw hich.
certificates will be issued on and after Tuesyay, the third of May, next.
By order of the Board.
J. H. C H A PM A N , S e cre ta ry -
TRUSTEES:
Gustav Amsinck,
Joseph Agostini,
Vernon H. Brown,
Waldron P. Brown,
William B. Boulton,
Francis M. Bacon,
Charles P. Burdett,
George Coppell,
Joseph H. Chapman,
James G. De Forest.
William Pegroot,
William E. Dodge,
Everett Frazar,
Edward Floyd-Jones,
Horace Gray,
Anson W. Hard,
Clifford A. Hand,
William
Henry E. Hawley,.
John D. Hewlett,
Charles D. Leverioh,.
Leander N. Lovell,
James Low,
W. H. H. Moore,
Charles H. Marshall*.
George H. Macy,
Frederic A. Parsons,,
George V. Quintard,.
John L. Riker,
A. A. Raveu,
N. Denton smith,
Lawrence Turnure.
Paul L. Thdbaud,
Christian de Thomsen*.
Gustav H. Schwab,
H. Webb.
À. A. RAVEN, President.
F. A. PARSONS, Vice-Pres't.
CORNELIUS ELDERT, zd VicfrPresU*.
THEO. P. JOHNSON, 3 d Ttcc-Preït*
THE CHRONICLE.
XÜ
Qxxxst
fV il,, i XVI
©ottisanies.
Union Trust Company United States Trust Co.
OF N E W Y O R K .
80 Broadway,
-
SURPLUS,
$ 1 ,0 0 0 ,0 0 0
$ 5 ,2 1 8 ,0 0 0
A U TH 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 AS TRUSTEE OF MORTGAGES OF
CORPORATIONS and accepts the transfer agency
and registry o f stocks.
ALLOW S IN TEREST ON DEPOSITS, which may
be made at any time, and withdrawn on five days*
notice, with interest fo r the whole time they remain
with the company.
For 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
checks pass through the Clearing House.
Attends specially to the
MANAGEMENT OF REAL ESTATE
and to the collection and remittance o f rents.
I t makes ample provision in its
BURGLAR AND FIRE PROOF FAULTS
fo r 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,
1
fJAM ES H. OGILVIE,
VVice-Presidents.
AUGUSTUS W . K E LLE Y, )
J. V. B. T H A Y E R , Secretary.
IB. R. M E R RITT, Assistant Secretary.
C. C. R AW LIN GS. Trust Officer.
New V ork becurity &
Trust Company,
4«
W IL L
STREE T,
NEWT YORK*
Capital, 8 1 ,0 0 0 ,0 0 0 I Surplus, 8 1 ,5 0 0 ,0 0 0
CHARLES S. FAIRCHILD, President.
W M. L. STRONG, 1st Vice-Pres.
A B R A M M. H Y A T T , 2d Vice-Pres.
OSBORN W . BRIGHT, Secretary.
Z E L A H V A N 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
tanks. A ccounts o f banks and bankers solicited.
0 . 8. Fairchild,
W. H. Applehon,
W m . L. Strong,
W . F. Buckley.
8. G. Nelson,
Edward Uhl
Edmund D.
TRUSTEES
M. C. D. Borden,
B. Aym ar Sands,
James J. Hill,
E. N. Gibbs,
F. R. Obudert,
James Stillman
Randolph, Frank
James A. Biair,
J. G. McCullough,
H. Hoagland,
J. W . Sterling.
H. W alter W ebb,
John A. McCall.
W . Stearns.
Rhode Island Hospital
Trust Company,
P R O V ID E N C E , R . I.
Capital...81,000,000 ISurplus....8750,000
DIRECTORS.
Christopher Lippitt, Horatio N. Campbell
Royal C. T aft,
R obert Knight,
R obt. H. I. Goddard, John W . Danielson
Geo. W . R . Matteson, Herbert J. Wells,
W illiam D . Ely.
John C. Pegram.
Robert L Gammell,
Lyman B. Goff,
William Binney,
Eugene W . Mason
William B. W eeden, Geo. Gordon King
Rowland Hazard,
Rowland G. Hazard
Edward D. Pearce
Lucian Sharpe.
H E R B E R T J. W ELLS, SAM’L R . DORRANCB
President.
Vice-Presld* t.
E D W A R D 8. C LAR K ,
WM. A. GAM WELL
Secretary
Assistant Seore»«**
The Union Trust Co.
715-717-719 Ch e stn u t St r e e t
P H IL A D E L P H IA , P A
Incorporated 1882.
C A P IT A L ,
-
$1,000,000
Transacts a General Trust and Safe Deposit Business'
A cts as Transfer Agent, Registrar and Trustees
under corporation mortgages
Collects and Remits Incom e at Reasonable Rates.
Solicits A ccounts o f Bankers and others.
Interest Allowed on Deposits.
President,
Vice-President
J. SIMPSON A FRIC A . THOMAS R. PA TTO N '
2d Vice-President, GEORGE A . FLETCH ER.
Treasurer and Secretary.
Trust Officer
R IC H A R D S. E DW AR DS. PERCY B. METZGER
DIRECTORS.
J . S. A frica,
Joseph I. Keefe, Thos. R. Patton,
Edward Bailey, Chas. A . Lagen, Edw. L. Perkins,
Geo. A . Fletcher, John P. McGrath, W m. C. Stoever,
Thomas G. Hood, Harry W . Moore, J. W . Suppléé,
W m . B. Irvine, Oscar R . Meyers, Joseph Thomas
—AND—
TRU ST
C A P IT A L . A N D SU R PLU S*
New York.
C A P I T A L ,.
A M E R IC A N L O A N
Nos. 4 5 & 47 W A L L STREET.
$ 11,8 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.
IN TE R E ST A L L O W E D
ON D E PO SIT S
which m ay be made at any tim e and withdrawn
after five days’ notice, and will be entitled to inter
est for the whole tim e they may remain with the
Company.
Executors, Administrators, or Trustees o f Estates,
Religious and Benevolent Institutions, and individ
uals, will find this Company a convenient depository
for money.
JOHN A . S TEW A RT, President,
D. W ILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President,
H E N R Y L. TH ORN ELL, Secretary.
LOUIS G. H AM PTON, Assist. Sec’y.
TRUSTEESt
Samuel Sloan,
Charles S. Smith, W . W ald. Astor,
D. W illis James, W m . Rockefeller,James Stillman,
John A . Stewart, A lexander 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,
John S. Kennedy,
Edward Cooper, Frank Lyman,
D. O. Mills,
W . B. Cutting.
Geo. F. V ietor, Lewis C. Ledyard
CO M PANY,
B O S T O N , M ASS.
C A P IT A L ,
SU RPLU S,
.
$ 1 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
A legal depository o f moneys paid into Court and
fo r Administrators, Executors, Guardians and
.
.
.
.
.
.
Trustees.
IN TEREST ALLO W ED ON DEPOSITS,
Trustees under Mortgages, Transfer Agents and
Registrars o f Stock.
B OARD 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,
H enry D. Hyde,
S. ENDICOTT PEABOD Y, President.
N. W . JORDAN, Actuary,
E. A . COFFIN Treasurer
O LD C O LO N Y
C O N T IN E N T A L
T R U ST CO M PANY.
B O S T O N , M ASS.
T R U ST CO M PANY,
OF TH E C IT Y OF
NEW Y O R K .
30 BROAD STREET.
C A P IT A L ................................ 8 5 0 0 ,0 0 0
S U R P L U S...........................
3 5 0 ,0 0 0
OTTO T. BAN N A RD ......................................President
W ILLIA M A L E X A N D E R 8 M IT H ...Ist V ice Pres’t
GORDON M A C D O N A L D ...2d V ice-Pres’t and Sec’y
H E N R Y E. D A B O L L ...............Assistant Secretary
Designated by the Suprem e Court ae a
D epositary fo r Court M oneys.
Interest a llow ed on D eposits.
Executes a ll Trusts.
TRUSTEES
William Jay,
Giraud Foster.
A lfred M. H oyt,
Gordon Macdonald,
R udolf E. F. Flinsch,
Gordon Norrie,
Robert S. Holt,
A . Lanfear Norrie,
Oliver Harriman, Jr.
W illiam F. Cochran,
W m . Alexander Smith, W alter Jennings,
Robert Olyphant,
William A. Hazard,
W . Seward Webb,
Frank H. Platt,
Otto T. Bannard.
Trenor L. Park,
Robert W . DeForest
Oswald Sanderson.
T he
State
100
T rust
C A P IT A L ,
. . .
$ 1 ,0 0 0 ,0 0 0
SU RPLU S,
.
.
.
1 ,0 0 0 ,0 0 0
Transacts a G eneral Banking Business,
ALLOW S IN TERE ST ON D A I L Y BALAN CES SUBJECT
TO CHECK
T RUSTEE U N D E R M ORTGAGES. TR A N SFE R AGENT
R E G IS T R A R
B OARD OF D IR E C T O R S:
T. Jefferson Coolidge, Jr., President.
Oliver Ames,
W aiter Hunnewell
C. W . Am ory,
Samuel Carr,
B. P. Cheney,
Geo. Y. L. Meyer,
T. Jefferson Coolidge,
Laurence Minot,
Chas. E. Cotting,
Richard Olney,
Geo. F, Fabyan,
H enry R. Reed,
Geo. P. Gardner,
Nathaniel Thayer,
H enry S. H owe,
Stephen M. W eld.
H enry C. W eston.
T. J e f f e r s o n C o o l i d g e , J r ., President.
C. S. T u c k e r m a n , Viee-Pre8’t and Treat.
Geo. P. Ga r d n e r , Gordon A bbott,
F R A N C IS R . H A R T , Viet-Presid
E . A . P h i p p e n , Secretary and Ass’t Treat.
J o s e p h G . S t e a r n s , Aes't Secretary.
Co
Maryland Trust Co.,
BRO A D W AY.
C a p it a l a n d S u r p lu s ,
$ 1 ,9 0 0 ,0 0 0
Acts as Trustee, R egistra r, T ran sfer and
Fiscal Agent o f C orporations, and as E x
ecutor, Adm inistrator, Trustee, Guardian
and Committee o f Estates. L egal D eposi
tory for Court and T rust Funds. Takes
fu ll charge o f R ea l and Personal Estates.
Interest allow ed on D eposits.
FRANCIS S. BANGS. President
W M . A . NASH, Vice-President
MAURICE 8. DECKER, Secretary.
H. M. FRANCIS, Treasurer
H . B. B E R R Y, Trust Officer.
TRUSTEES.
Willis S. Paine,
Forrest H . Parker.
Henry H. Cook,
Charles Scribner,
William B. Kendall,
Charles L. Tiffany,
W alter S. Johnston, George W . W hite.
Joseph N. Hallock.
Percival Knauth,
Edwin A. McAlpin.
Francis 8. Bangs.
Andrew Mills,
Francis Lynde Stetson
William A . Nash,
Thomas A. McIntyre.
Geo. Foster Peabody, Edward E. Poor.
J. D. Probst.
Anson G. McCook.
H enry Steers,
R. A. C. Smith,
George W . Quintard. Thos. F. Ryan.
GUARDIAN
SECURITY
.
CO RNER SOUTH AND G ERM AN STS.
BALTIMORE.
C A P IT A L , 8 1 ,0 0 0 ,0 0 0
A
LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
A cts as Financial Agent for States, Cities Towns ■
Railroads and other Corporations. Transacts a g e n .
oral trust business. Lends m oney on approved se
curity. Allows interest on special deposits. A ctt
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as Agent fo r the Transfer or Regis
tration o f Stocks and Bonds, and fo r the payment o f
coupons interest and dividends.
J. W ILLCOX BROWN. President
LLOYD L. JACKSON, First Vice-President
H E N R Y J. BOWDOIN, Second Vice-President'
J. BERN ARD SCOTT, Secy. & Treas
DIRECTORS
Wm. A.Marburg,
Frank Brown,
A lex. Brown,
H. J. Bowdoin,
Leopold Strouse,
Basil B. Gordon,
H enry Walters,
W . B. Brooks,Jr.,
M is & o u r i
Lloyd L. Jackson,
H. A . Parr,
Clayton C. Hall,
J. W ilcox Brown,
B. N. Baker,
Fred’k W . W ood,
\ndrew D.Jones
W .H Haldwin.Jr
JoshuaLevering,
James Bond,
J. D. Baker,
John B. Garrett,
F. M. Thlerlot,
G. A. von Lingen,
Jos. E. W illard,
J. A . Tom pkins.
K a n sa s 6t
1 exa *
Trust & Deposit Company,
Trust Co.,
BALTIMORE.
7 th and W yandotte Sts., K ansas City, M o.
1 Nassau St., N .Y ., 4 0 0 Chestnut S t „P h ila .
1 0 4 W ashington S t „ Boston,
Singel 2 3 8 , Am sterdam , H olland,
D orotheen-Strasse 54 Berlin, Germ any,
31 Lom bard Street, London, England,
Sandthorqual 2 ,” H am burg, G er,
15 R u e du L ou vre, P aris, France,
C apital....................... ................ 8 1 ,2 5 0 ,0 0 6
Surplus and Undivided Profits.. 1 ,2 5 0 ,0 0 0
General Banking and Trust Business. Becomes
Trustee under Mortgages or Deeds o f Trust, Finan
cial or Transfer Agent fo r 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 M ILLER, JON. K. TA YL O R,Yice-P res’ts.
Executive Com m ittee: W m. H. Bosley (JohnS .
Gittings & Co.), Chairman; George B. Baker, Henry
C. Matthews, John L. Blake, Francis A . W hite, Matt.
C. Fenton, Lewis A . Gusdorff.
Metropolitan Trust Co.
O f the City o f New York.
3 7 and 3 9 W a ll Street, New Y o rk ,
Paid-up c a p ita l........................... 8 1 ,0 0 0 ,0 0 0
Surplus................. ................. .
1 ,0 0 0 ,0 0 a
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 agent, or trustee fo r
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Brayton Ives, President. Fred’k D. Tappen,V.-Pres.
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
Raymond J. Chatry. Assistant Secretary
A R T H U R E. STIL W E LL. President.
Vice- Presidents: J. McD. Trimble, E. L. Martin
W. 8. Taylor, Jacques T. Nolthenius.
A C. Robinson, Secretary; W m . 8. Taylor, Treas.
urer; Frank B. W ilcox, Assistant Treasurer: J, J .
Cairnes, Assistant Secretary; E S. Mosher A sst.
Secretary; Nath’l Norton, Ass’t Secretary; Trim ble
& Braley, General Attorneys.
Executes a G eneral T rust Business.
A cts as Trustee* T ran sfer Agent or R e g is
tra r fo r C orporations.
Acts as Executor, Adm inistrator, G uardian
or Trustee o f Estates.
Collects W estern M ortgages.
T a k es charge o f properties, collectin g
R ents, paying taxes, etc., for
Eastern In vestors.
THE CHRONICLE.
J a n u a r y 22, 1898.J
X lll
Qxnst ©tfraputxies.
Guaranty T rustCo.
of New York»
NASSAU, CORNER CEDAR STREET.
CAPITAL» • « •
SU R P LU S, •
•
• • • $2,000,000
•
•
$ 2 ,5 0 0 ,0 0 0
ACTS A S TR U STE E FO R CORPORATIONS,
ITEMS, A N D IN D IV ID U A LS , A S G U A RD IAN ,
EXECUTOR, A N D A D M IN ISTRATOR, TA KE S
E N T IR E CHARGE OF R E A L A N D PE R
SONAL ESTATES.
IN TEREST ALLO W ED ON DEPOSITS
subject to cheque or on certificate.
S T E R L I N G D R A F T S ON A LL P A R T S OF
G REAT
BRITAIN
BOUGHT AND
SOLD.
COLLECTIONS MADE.
TRAVELLERS’ LETTERS OF CREDIT A VA IL
ABLE IN ALL PARTS OF TH E W ORLD, AND
COMMERCIAL LETTERS OF CREDIT ISSUED.
"WALTER G. OAKM AN, President.
A D R IA N I SELIN , J r ., Vice-President.
GEORGE R. TU RN BU LL, 2d Vice-President.
H E N R Y A. M U RRAY. Treas. and Sec.
J. NELSON BORLAND, Asst. Treas. and Sec.
JOHN GAU LT. Mn naster Foreign Dept.
•v i
DIRECTORS.
Samuel D. Babcock,
Charles R. Henderson,
George F . Baker,
A drian Iselin, Jr.,
George S. Bowdoln,
Augustus D. J uilliard,
August Belmont,
James N. Jarvie,
Frederic Cromwell,
R ichard A . McCurdy,
"Walter R. Gillette.
A lexander E. Orr,
Robert Goelet,
"Waiter G. Oakman,
G. G. Haven,
Henry H. Rogers,
O liver Harriman,
H. McK. Twom bly,
B . Somers Hayes,
Frederick W. Vanderbilt,"
"William C. Whitney.
LO N D O N B R A N C H ,
33 LOMBARD STREET, E. C.
F . N k v i l l J a c k s o n , Se c r e t a r y .
Buys and sells exchange on the principal
cities o f the world, collects dividends and cou
pons without charge, issues travellers’ and com
mercial letters o f credit, receives and pays
Interest on deposits subject to cheque at sight or
on notice, lends money on collaterals, deals in
American and other investment securities, and
offers its services as correspondent aDd financial
agent to corporations, bankers and merchants.
C?L°NIAl T r VST 0 MPANY. Mississippi Valley Trust
Company,
ST. PAVLBV1LDING,
220. BR9ADWAY
MEW Y 9 R &
CAPITAL AND SURPLUS $1,500,000.
TRANSACTS A GENERAL TRUST BUSINESS
Acts as Executor, Administrator, Guar
dian, Committee, Trustee, Receiver, As
signee, Registrar, Transfer and Fiscal
Agent.
PAYS INTEREST ON DAILY BALANCES
Subject to check, payable at sight or
through the New York Clearing-house
and on Certificates of Deposit
TAKES ENTIRE CHARGE OF REAL ESTATE
Loans Money on Bond and Mortgage.
A C T S A S T R U S T E E F O R R A IL R O A D AND
O TH ER M ORTGAGES.
TRANSACTS Ä GENERAL BANKING BUSINESS
O F F IC E R S .
JOHN E. BORNE, President.
ROSWELL P. FLOWER,
■Vice-President*.
CHAS. C. DICKINSON,
JAMES W. TAPPIN, Secretary.
ARPAD S. GROSSMANN, Treasurer.
EDMUND L. JUDSON, Asst. Secretary.
PH ILIP S. BABCOCK. Trust Officer.
TRUSTEES.
Henry O. Havemeyer,
Cord Meyer,
Roswell P. Flower,
Perry Belmont,
Lowell M. Palmer,
Wm. T. Wardwell.
John E. Borne,
Cbas. C. Dickinson.
Richard Delafield,
Henry N. Whitney,
Daniel O’ Day,
Theo. W. Myers,
Percival KUhne,
L. C. Dessar,
Geo. Warren Smith,
Frank Curtiss,
Vernon H. Brown,
John S. Dickerson,
Geo. W. Quintard.
Seth M. Milliken,
W. Seward Wtbb.
^
o k e r b o o
TRUST
^
CO.
234 F IF T H A VEN U E, COR. 27TH STREET.
Bankers.
BANK OF ENGLAND,
CLYDESDALE BANK, Limited,
NATIONAL PROVINCIAL BANK OF.
ENGLAND, Limited,
P A R R ’ S BANK, Limited.
Solicitors.
FRESHFIELDS AND W ILLIAMS.
London Committee.
A R T H U R JOHN F R A S E R , C h a i r m a n .
DONALD C. HALDEMAN.
Branch Office. 6 6 B roadw ay, New Y ork .
C A P IT A L ............................ $ 1 ,0 0 0 ,0 0 0 OO
LEGAL DEPOSITORY
F or State, City and Court M oneys.
Interest A llow ed on Tim e D eposits.
Checks pass through N Y . Clearing-House.
A cts as Executor, Guardian or Administrator o f
Estates, and as Receiver .Registrar, Transfer andF inandal agent fo r States, Railroads and Corporations.
Separate Department with
Special F a cilities for L adles
ROBERT M ACLAY, President.
CHARLES T. BARN EY. Vice-President.
JOSEPH T . BROWN. 2d Vice-President.
D IR E C T O R S I
Htöted piafes
© ra stro ;
5 9 C E D A R ST R E E T, NEW Y O R K .
C A P I T A L ............... .....................$ 2 ,0 0 0 ,0 0 0 .
S U R P L U S ................................... 1 ,2 5 0 ,0 0 0 .
Transacts a G eneral Trust Business.
A cts as Trustee, R egistrar, and T ran sfer
A g e n t; E xecutor, Guardian, Adm inistra
to r, & c. T a k es entire charge o f R e a l and
P erson al Estates. Acts as F iscal Agent for
States, M unicipalities, and C orporations.
L eg a l D epositary fo r Court and Trnst
Funds. Interest a llow ed on Deposits.
Checks pass through the New Y ork C lear
in g-H ou se. M oney loaned on bond and
m ortgage. Issues F irst M ortgage Trust
G old Bonds.
OFFICERS.
G eorge W . Y oun g............................ President
Luth er K o u n tze ....................-V ice-P residen t
Jam es Tim psou.................2d Vice-President
A rthur T u rn bu ll.............................T reasu rer
W illia m P. E llio tt...........................Secretary
C lark W illia m s...................Asst. T reasu rer
R ich a rd M. H u rd ................ .Asst. Secretary
DIRECTORS.
Samuel D. Babcock,
Gustav E. Kissel,
Dumont Clarke.
Luther Kountze,
Charles D. Dickey, jr., Charlton T. Lewis,
Richard A. McCurdy,
W illiam P. Dixon,
Theodore, Morford,
David Dows, jr.,
Robert Olyphant.
Robert A. Granniss,
Charles M. Pratt,
G. G. Haven, jr.,
James Timpson, .
. .
Charles R. Henderson,
George W . Young.
James J. Hill,
Jos. S. Auerbach, James H.Breslin. Robert Maclay,
Harry B. Hollins. t. Town. Burden, C. L. Perkins,
E. V . Loew,
A lfred L . "White,
Jacob Hays,
Cbas. T. Barney, Henry F.Dimock, Chas. R . Flint,
J. P . Townsend, Amzi L. Barber.
A . F. Higgins,
HeDry W.T.Mali, Chas. F. W atson, Charles T. Cook.
An drewH.Sands. Fre’k G. Bourne, John Magee.
Henry C. Berlin.
Henry A. Morgan,
F R E D ’K L. ELDRIDGE, Sec. and Treas.
J. H EN RY TOWNSEND. Assist. Secy.
A L F R E D B. M ACLAY, Asst. Treas.
Wisconsin
Trust
M IX w a
t ik e e , w is .
Capital,
■
-
-
Co.
$250,000 00
Transacts a General Trust Business.
I n v e s t m e n t S e c u r it ie s f o r S a le.
The
Investment Company
o f Philadelphia,
N. W. cor. 4th & F ine Sts., St. Louis, Mo»
Capital and Surplus.....................$ 3 ,0 0 0 ,0 0 0
UNDER STATE SUPERVISION.
$ 2 0 0 ,0 0 0 deposited w ith State officer t*
protect trust lia b ilities.
A G EN ERAL TRUST COMPANY BUSINESS.
Allows interest on Deposits.
Authorized to act as Executor, Guardian, Receiver
Trustee, &c. Manages Estates. Collects Rents.
Becomes Surety on all kinds o f Court Bonds.
H as Safety Deposit V au lts; a Savings Department
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS
Charles Clark,
James Campbell
Chas. H. Turner, H . I. Drummond, August Gehner,
W m . F. Nolker, S. E. Hoffman, Julius S. Walsh,
T. O’Reiily.M. T)„ D. W . Caruth,
W illiams’n Bacon
Sam.M.Kennaid, W . G. B oyd,
Breckinr’geJones
Aug. B. Ewing Wm. D.Orthwein, H enry H ltchcockl
Elmer B. Adams. Geo. H. Goddard, Rolla W ells.
OFFICERS.
J u l i u s S. W a l s h , P r e s id e n t .
B r e c k i n r i d g e J o n e s , 1st V .-P . and Counsel.
S a m u e l E. H o f f m a n , Second Vice-Pres.
D e L a c t Ch a n d l e r , S ecreta ry.
J a m e s E. B r o c k , Asst. Secretary.
Fr e d e r i c k V i e r l i n o . Trust Offloe
UNION T R U S T CO.r
OF
ST. LOUIS, mo.
C A P IT A L , $ 1 ,0 0 0 ,0 0 0 , F U L L P A ID .
SU R P LU S. $ 3 5 0 ,0 0 0 .
Authorized by law to ac as Executor, Administers
tor, Guardian, Curator, Assignee and Receiver,
Takes full charge o f and manages estates.
Interest allowed on deposits»
Money loaned on real estate and other collateral
security.
Real estate loans, in any amount, fo r sale.
Titles investigated and abstracts and certificates
thereof furnished
George A . Madill, Pres.
W m . Taussig, 1st V .-P res
R. S. Brookings, 2d V .-P . B, B. Graham, 3d V .-P res.
N. A . McMillan, Treasurer, I. Z. Smith, Secretary.
DIRECTORS:
Geo. E Leighton. E. M allinckrodt,
Geo. A . Madill.
M M Bnck.
W m. Taussig,
Geo. S. Myers.
Geo. W . Parker»
R. S. Brookings, W m . H . Lee,
H . A. Crawford
B. B. Graham,
J. W . Morton
W . K. Bixby,
C. 8. Greeley,
E.C. Sterling,
W m . E. Hughes, John Scnilln,
W . M. Senter,
A . L. Shaoleich Festus ' J. W ade, C. Tomnklns.
The
EquitableT rustCompanjr
1 8 5 D E A R B O R N S T ., C H IC A G O .
CAPITAL, PAID U P T " ^ ---------$500,000
S U R P L U S ------------ - - - - 125,000
A UTH O RIZED BY L A W TO RECEIVE and ex
ecute trusts o f every character from courts, corporations and individuals. Takes entire charge o f estates»
real and personal. A cts as agent fo r the registra
tion and transfer o f bonds and stocks and the pay
m ent o f coupons, interest and dividends. A legal
depository fo r court and trust funds.
INTEREST A LLO W ED ON DEPOSITS o f m oney
which may be made at any tim e and withdrawn a fter
five days’ notice, or at a fixed date.
TRUST FUNDS A N D TRUST INVESTMENTS
are kept separate and apart from the assets o f the
company.
DIRECTORS
CHAS. H . H ULBURD
A Z E L F. H A TCH ,
GEORGE T. SMITH,
GEO. F. JENNINGS,
M A U RICE ROSENFELD
J. R . W ALSH ,
SAMUEL D. W A R D ,
OTTO YOUNG.
OFFICERS.
J. R, W A L S H . President.
CHAS. H . H U LBU RD, Vice-President.
LY M AN A . W ALTO N , Secy, and Treas.
C. D. ORGAN Cashier.
Ip rctft
^ m tx ic n u
• 1 00 B R O A D W A Y , NEW Y O R K .
3 IO C h e stn u t St., P h ila d e lp h ia .
Paid-U p Capital,
-
-
$ 8 0 0 ,0 0 0
This Company undertakes the negotiation and
issue o f loans and capital o f Companies on the New
York or Philadelphia Market and will make ad
vances upon approved Corporate, Personal or Real
Estate Security.
Ufider its charter rights it will act as Trustee,
A*"eftit or Manager fo r the control o f corporations
or fo r the construction o f p u b lic or private works
95 GRESHAM STREET, LONDON, E. C.
C A P I T A L , $ 1 ,0 0 0 ,0 0 0 .
UNDIVIDED P R O F IT S , $ 2 0 0 ,0 0 0 .
A u th orized to act as Trustee, G uardian,
Assignee and F isca l Agent.
A ll con servative trust company business
accepted.
SAM UEL M. JA R V IS, President.
ROLAND R. CONKLIN,
B. J. C H AP P E L L
Vice-President.
L ondon Treasurer'
S. R. HAJEtBERT,
S. L. CONKLIN
London Secretary. ‘
Secretary.
i h
THE CHRONICLE.
'
(dottati.
fftirawctal.
Chas. Fairchild & Co.,
High-Grade Investments,
46- to 22 WILLIAM S T R E E T 1
29 W a ll Street, N e w Y o rk *
M em bers
YORK.
^ fin a n c ia l.
BANKERS AND BROKERS,
MERCHANTS
NEW
li
W. T . Hatch & Sons,
W OODW ARD
& S T IL L M A N ,
COTTON
[V ol. ! »
N ew
Y o rk
S tock
E xc h a n g e .
96 Broadway & 6 W a ll St., New York,
Members o f N. Y . Stock and Produoe Exchanges.
Dealers in investment stocks and bonds.
Personal attention g ven at the New York 8tock
Exchange fo r the purchase and sale on commission
o f stocks and bonds for cash or on margin
-COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
LIWMAn , St i r n & Co., Lim ited, New Orleans, La.
Lehman -D ü r r Co., Montgomery, Ala.
LEHMAN
BROS.,
COMMISSION M E R C H A N T S,
Nos. 16-22 William Street,
NEW
YORK,
HAVEN & S T O U T ,
BANKERS AND BROKERS,
1 N a ssau S tre e t, C o r n e r W a ll S tre e t,
F. H. Prince & C o ,
f N EW YO RK STOCK EXCHANGE,
Members o f j N EW YO RK COTTON EXCHANGE,
[ CHICAGO B O A R D OP TR AD E.
BANKERS
Orders executed on above Exchanges in
CMEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
NEW YORK
B O N D S , ST O C K S , CO TTO N ,
G R A IN .
Πo ttm x .
Orders executed on the above Exchanges, as well
In New Orleans, Chicago and foreign markets
B O S T O N , MASS.
HIGH GRADE IN VESTM EN TS
Members o f New York and Boston Stoek Exchanges
Henry Hentz & Co.,
«CO M M ISSIO N
M E R C H A N T S,
10 to 2 3 W illiam Street, New York*
EXECUTE ORDERS FOR FU TURE D E LIV E R Y
COTTON,
R IO R D A N & CO .,
Cotton, Grain, Stocks,
•At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
R. A . Lancaster & Sons,
BAN KERS,
43 COTTON EXCHANGE,
Mo. 10 W A L L S T R E E T ,
NEW YORK.
COFFEE,
NEW YORK.
At the New York Coffee Exchange, and
D EALEU S IN
G R A I N AND P R O V ISIO N S,
IN V E S T M E N T an d M IS C E L L A N E O U S
S E C U R IT IE S .
At the New York Produce Exchange
S ou th ern Securities a S pecialty.
and the Chicago Board o f Trade.
A . S. Van Wickle,
Hopkins, Dwight & Co., Hubbard Bros. & Co.,
COTTON, COTTON-SEED O IL
ANT
MEW Y O R K .
SOUTHERN PRODUCE
COMMISSION
R
m b
Coffee Exchange Building,
H an over Square,
COTTON
N EW YORK
Gustavos G. Hopkins,
Charles D. Miller.
Lucius Hopkins Smith.
Samuel Hopkins.
«Geo. H. M°Fadden & Brov
COTTON M E R C H A N T S,
P H IL A D E L P H IA .
•L i v e r p o o l C o r r e s p o n d e n t s ,
F rederic Z erega <fc Co.
M cFadden, Z erega dk Co.
B remen Correspondents ,
M. T. MAINE.
WM. R a y .
Geo. Copeland & Co.,
COTTON B R O K E R S ,
1 2 9 P earl Street,
N ew Y o r k .
Cotton landed at mills from Southern markets a
. especialty. Orders for future delivery contracts
executed on New York Cotton Exchange.
Mason Smith & Co.,
COTTON COMMISSION MERCHANTS,
M E R C H A N T S . Emerson
L ib era l Advances M ade on Cotton
Consignments.
R. H. ROUNTREE & CO.,
COMMISSION MERCHANTS,
C o t t o n , G r a in , P r o v is io n s a n d C o f f e e .
COTTON EXCHANGE BUILDING,
N EW YORK.
Pa u l Schwarz .
G. H ow ard W ilson .
Paul Schwarz & Co.,
COTTON COMMISSION MERCHANTS,
1 W illiam Street. New Y ork .
M«mbers Me*» Vnrt Cotton and nnffun Uval)ange.
LOCOMOTIVES'
Richmond Locomotive & M achineW orki
RICHMOND. VIRGINIA.
SIMPLE OR COMPOUND LOCOMOTIVB8
T H E IR OW N DESIGNS OR TO SPECIFICATIONS
M o d e r n ly e q u ip p e d s h o p s .
NEW O RLEAN S, L A .
M E M P H IS, TENN
DALLAS, TE X .
Annual capacity 3 0 0 loeom otlvos
Term s made satisfactory.
Corrospondonco Solicited
Buyers o f Spot Cotton. Orders for Contracts exe
cuted In the New Orleans, New York, Liverpool and
Havre Markets.
Fifth Avenue Hotel,
G eo. W . B a i I iY.
J. A , M o n t g o m e r y
Baily & Montgomery,
COMMISSION M ERCHANTS
,
« e t t n Exchange Bldg.
NEW Y O R K .
Execute Orders for future Delivery of Cotton.
Gtetn and Provisions
INVESTMENT SECURITIES.
Emerson mgMilllin .
MERCHANTS,
32, Cotton Exchange B uilding.
BANKER,
N o. 1 B R O A D W A Y , N E W Y O R K .
H enry b , W ilson .'
McMillin & Oo.»
4 0 W A L L STREET, NEW Y O R K ,
D EALERS IN
HAS W O R K S , ST R E E T R A IL W A Y S
AND INVESTMENT SECU RITIES.
BANKS.
—i
==■■
FIRST
NATIONAL
BANK
O F M IL W A U K E E .
C A P IT A L ,
SU RPLU S,
-
.... .
1
.
.
-
9 1 ,0 0 0 ,0 0 0
9 2 0 0 ,0 0 0
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS:
F. G. Bigelow , Pres’t.
F. J. Kip p , Cashier.
W m . BiGELOWiV.-Pres’t. T . E. Ca m p , Ass’t Cashier.
F. E. K r u e g e r . 2d A ss’t Cashier.
San Francisco.
The First National Bank
O F SAM F R A M C ISC O , C A L .
UNITED STATES DEPOSIT A R T .
C apital, 9 1 ,3 0 0 ,0 0 0 I Surplus,
9 9 3 0 ,0 0 0
§. G. M u r p h y , President, J a s . K. L y n c h , Cashier
Ja m b s M orriTT, V.-Pres., J. K . M o p f it t , A it . Cash
General Banking Business. Accounts Bolielted.
M a d is o n S q u a r e , N e w Y o r k .
The largest, best appointed and most - liberally
managed hotel In the city, with the m ost centra
and delightful location
,
___________ H ITCH COCK D A R LIN G & OO.
Haskins & Sells,
Certified P u b lic Accountants,
N O , 3 0 B R O A D S T., NJSW Y O R K .
Canal Bank,
N E W O RLEAN S, LA .
(Successor o f N. O. Canal & Banking Oo.)
C A P IT A L , 9 1 ,0 0 0 ,0 0 0 .
J. C. MORRIS, President. E D W A R D TOBY, V i c
Pres. EDGAR NOTT, Cashier
Correspondents—National City Bank, Nations
Bank o f Comm erce,.New York; Boatmen’s Bank
St Louis ; N. W . National Bank, Chicago t M er
chants’ National Bank Boston
@FedFRASER