Full text of Commercial and Financial Chronicle : January 30, 1897, Vol. 64, No. 1649

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

Q u o ta tio n

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

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

- S t r e e t R a i l w a y S u p p l e m e n t (Quarterijt)1
S t a t e a n d C i t y - S u p p l e m e n t (^Aw.uaii$

[Entered. according to Act of o >agrees, in the year 1897, by tbe William B. Dana Company, in. the offioe of the Librarian of Congress.

VOL. 64.

SATU R D AY, JAN U A R Y 30, 1897.

NO. 1,649.

Week ending January 83
1807.
1897.
1890.
1395.
1894,
P. Cent
PUBLISHED W EEK LY.
$
$
3
$
Terms of Subscription—Payable in Advance:
608.258.00 5 510.040,40
+19'
New Yorx.. ..
495,021.03
431.445.507
03.710,30 ) 64,008.00
Philadelphia.
-o 61.060.32
62,158 410
For One Year....... .................................................................... $10 00
17,052,947 10,138,11
+5’
Pittsburg......
13,8*9,97 ) 12,951,604
For Six Months....................................................................... .
6 00
14.420,29
11,237.66
+ 1*
Baltimore......
12,536,35
12 177,143
European Subscription (InoLudlne postage)...................... 12 00
4.314.5F
4,151,00 )
-3 ‘
3.858.95
Buffalo..........
3,301.455
1,957.91
1,792.47
European Snbsoriptlon Six Months (tnolnding postage).
7 00
+9
Washington..
1,079.24
1,303 885
1.635,83 i
1,472.19
+4‘ 1
Rochester.....
1,305,03
Aannal Snbsoriptlon in London (inoluding postage)___ £ 2 10s.
1,15«,
IS
978.25
+
18*
8«3,57
Syracuse........
772,073
Six Mos.
do.
do.
do.
...£ 1 1 0 s .
1,029,70
903,00
+13880 30
Scranton......
754 165
The Invasions’ Supplement will be furnished without extra charge Wilmington...
627,51
724.13 ) —13
703.08
703,120
340,40
S25,80<
+4*
297,9u
to every annual subscriber of the Commercial and F inancial Binghamton.
337.800
C hronicle .
614,990 224
+10
595,010,99
Total Middle...... 714.250,20
517,180,781
The State and C itt Supplement will also be furnished without
101,241.13
+28’
Boston...........
79.026.98
83 471.434
77,688.034
metru charge to every subscriber of the C hronicle .
5,070,80
+2
5,514.30
5,319
80
Providence....
4.293,200
The Street Ra ilw a y S upplement will likewise be furnished with
2,1.10,70
—1 i
2,171,37
1,785 54
Hartford........
ofuf extra charge to every subscriber of the Chronicle .
1,570
93
14)8,35 i +io1.2*0.79
New
Haven....
1,214,903
The Quotation S upplement , issued monthly, will also be furnished 8pringfleld....
1,359,07
—71,407.90
1.287,83
1,1« 0,107
without extra charge to every subscriber of the Chronicle .
1,257,57
1.298,01
—31,222,81
Worcester.......
988,118
1,116.47
1,040,341,195,12
File covers are sold at 50 cents eaoh; postage on the same is 18 Portland.........
1,129,177
818,76.
74 l.b»t1 -HO780 30
761,804
1 ents. File oover for supplements can be had at office for 65 cents or Fall River......
720.02
574,6
k
+25
*
652,04
Lowell............
705,108
mailed for 80 cents.
405,09*
+14
408.38*
292,u31
393,710
New Bedford..
Terms of Advertising—(Per inch space).
110,356,591
93.002.25S
+24*S
97,234,88c
89,900,325
Onetim e.................................. $3 50 I Three Months (13 tim es)..$25 00 Chicago.................
74.487.507
—7
80,736,615
SI 223.671
70+01.337
One Month
(.tim e s ).. 1 1 0 0 Six Months
(26
“ ) .. 43 00 Cincinnati............
12,197,151
+711,233.85'
12.887,701
11.280,850
Two Months
(8
“
18 00 I Twelve Months (52
«
) .. 58 00 Detroit................
6.450.281
5,707,36'
—4-1
3,707 see
4,869 895
+ 2\
0,244,52
6.118381
5,791,174
(The above terms for one month and upward are for standing cards.) Cleveland.............
4,329,652
4.844 53c
+9*fc
0.41 1,93(j
1,118.652
4,475 879
Milwaukee...........
3,212 61)1
3,550,50b
-e*s
London Agents:
3.713 501
Columbus........ .
2,920.300
2.139,697
+50
3,025.71;
1,105.89:
1,141 300
M essn . Edw ard s * S mith , 1 Drapers’ Gardens, E. C., will take sub Indianapolis.......
1,830.13*
—I5*i
1,572,10;
1.809,029
1,602.800
•orlptlons and advertisements, and supply single copies of the papei Peoria..................
—7‘J
1,290,094
1.401,57)
Toledo..................
at I s. eaoh.
827.799
—
8-6
905.387
826,530
Grand Rapids......
740,124
-8 0
004,2*1
059,781
W I L L U M B . D A N A C O M P A N Y , P u b lis h e r s ,
Dayton.................
28.1,207
—25 8
382.938
328,53'
332.412
Lexington............
P in e S tre e t, C o r n e r o f P e a r l 8 tr e e t,
—4
0
248
83l
260.SK
240,235
237,763
Kalamazoo...........
—9 4
284,000
313,421
128,245
183,957
P ost o ffic e B ox 958.
N E W Y O R K . Akron.............. •»..
-2 2 U
249.251
194.541
225,19C
198.756
Bay City...............
—
24
0
104.537
218.1
U
234
326
108,965
Rockford..............
+90
178,784
Iffl.OrtC
173.065
165 300
Springfield, Ohio..
155,300
173.589 —10 5
139,024
110 433
Canton.................
C L E A R IN G HOUSE RETURN S.
- 5 0 117,771,743 103,150,283
111 071,456 120,090,900
Tot Mid. West’r
The following table, made up by telegraph, etc., indicates
12.299513
11.111,684 +10-7
9.667,628
8,883,099
that the total bank olearings of all the clearing houses San Francisco.
—3 5
1 011,967
1.556,704
1.007.40:
1,290,780
Lake City.
of the United States for the week ending to-day, January 30, Salt
1.001 220
1.234,518 —18 7
1 086.186
755,138
Portland.........
1.122.092 —18’0
910.801
913,908
015.689
have been $938,923,717, against tl .058,266.174 last week and Los Angeles...
+4-8
549
752
624,867
783.301
700,000
Helena...........
—310
309,9.;g
$919,333,351 the corresponding week of last year.
535,301
038,933
493,872
Tacoma...........
+00
400,001'
401,005
425.i‘00
521.087
Seattle.............
+6 2
632,530
501,580
300,000
229.720
Spokane..........
—13-0
126.321
140,600
129,163
Wtek Finding tanuary 30.
126.900
Cl e a r in g s .
Fargo...........
73.903 —39’3
S0 209
44.99C
117.033
Sioux Falls....
Return* by}TeUgraph.
Per Cent
+0*4
1897.
1890
17,278 211
17.210,218
14,897.297
13,869,985
Total Pacific__
New Y o rk ...........................
+24
+7-2 Kansas City...,
$437,023,259
$408,119,891
9,017.280
11,091,970
11.359,004
8.508.351
7.603,083 —30-0
5,422.0 3
5,288,992
4,277,305
Boston
..............................
-flO-2 Minneapolis....
08.741.743
02,405,341
-2 3
4.427 865
4,630,272
3.983.170
4.340,599
Omaha..............
Philadelphia..........................
—1*2 St. Paul...........
44,814,532
45.379,782
3.0tt3,379
3,105,091
4,643,118 -33'2
3,446.205
2.917.497
3+08.(03
2,713,885
Baltimore..............................
3,337,A60
—5*9 Denver........... . ..
10.908.732
11,592,759
1.240,824 —02*1
475,(48
Davenport............
Chicago ...... ........................
—12-0
56,730,988
04,930,713
1,308 213
1.675,000
1,187,918
1,394.000 —11*8
St. Joseph ......
8 t. Louis
............................
861,503 +102
949,720
923,440
-9*8 Des Moines......
815.343
18,745,492
20,787,850
615,999
440.508
017,935 -28-1
542.707
New Orleans . . . . . . . . . . . . . .
-16-2 Sioux City.......
7,769,311
9,274,510
230.950
330,420 -30 1
398.915
468.008
Lincoln............
501,997
334.024
435,777 —232
495,501
Seven cities. 5 days .... .
$645,334,057
$622,490 852
+3-7 Wichita............
015,159 —22*0
524,i-05
475.850
397.120
Topeka.............
01,675 —14*7
04,79b
Other ci'ies, 5 days ...........
52,499
128.097,284
+1-3 Fremont..........
52,790
120,413,297
74,846
64,442 + 16*1
63,815
60,000
Hastings..........
Tot il all cities, 5 days
$773,431,341
+3*3
$748,904,15!)
30,429,687 -13*7
29,411,071
31,451,409
37,010,164
Tot. other West,
All cities, 1 day ....
105,492,376
170,429,192
-2 9
+ 8-1
26.S03.HS
24.324,3*9
23.957.068
31,417,979
St. Louis.............
—2*5
11,390.793
10,927,056
10,695,768
11.109.320
Total all cities for week
$938,923,717
+ 2 0 New Orleans.......
$919,333,351
+9*0
0,005,004
0,665,504
5.908,775
0.040,090
Louisville............
+70
2,092.120
2,913.825
2 323,328
2,878.700
The full details of clearings for the week covered by the Galveston............
-9*1
2,008,786
3,441,184
2.679.510
2,445.608
Houston..............
-4*9
above statement will be given next Saturday. We cannot, Savannah............
2.825,034
2,950,27*
2.180,650
2.686,498
fO-2
2.086.093
2,943,906
2,212.687
2,270.694
of course, furnish them to-day, bank clearings being made Richmond...........
1,953.248
—1*5
1,935,918
1,178,240
1.923,818
Memphis.............
—0*1
1,483.871
1,250,093
1,172,070
up by the various clearing houses at noon on Saturday, and Atlanta...............
1.393,339
1,149.069 4-12-9
1,190+82
1,157,018
1.297.123
hence in the above the last twenty-four hours of the week Dallas..................
+18-3
852,482
1,059,173
960,000
1.008.139
Nashville............
—20*2
994,176
1,027,335
900,095
have to be in all cases estimated, as we go to press Friday night. Norfolk...............
820.387
—20*5
1,240.089
793,938
700,000
559,217
Waco...................
We present below our usual detailed figures for the pre­ Fort Worth.........
-4 7
793.194
1.220,246
825,000
760,105
524,908
+44-1
590.893
851,7(5
vious week, covering the returns for the period ending with Augusta..............
803.384
480,303 -1 01
277,630
481.090
Saturday noon, January 23, and the results for the corres­ Birmingham.......
+3*2
404,910
418,050
Knoxville............
—1*0
201,393
207.700
294,751
ponding week in 1896, 1895 and 1894 are also given. Con­ Little Rock.........
420,332
258.318
402 009
201,879
+1*4
trasted with the preceding week, there is an increase in the Jacksonville.......
■1-2*1
203.358
235,087
200.000
240,075
Chattanooga.......
aggregate exchanges of about twenty-three and one-half
56.075.135
02.075,076
04,407,471
64,855.245
+i-i
Total Southern..
million dollars, and at New York alone the gain is twentyTotal all............ .058,200 174 945.004,949 +12 0 918.879,559 807,092,808
seven and a-half millions. In comparison with the week of
+3-1 423.868,520 375,647.350
1896 the total for the whole country shows an increase of 12 Outside N. York. 450,008.109 435,024.544

% h e

C lte o m d c .

per cent. Compared with the week of 1895 the current
returns record a gain of 15-2 per cent and the excess over
1894 is 24'9 per cent. Outside of New York the gain over
1896 is 3’4 per cent. The increase over 1895 reaohes 6'2 per
cent, and making comparison with 1394 the gain is seen to
he 19’8 per cent.

Clearing* at—

10,601 370
Montreal.........
0.0OO.HUO
Toronto. ..........
1,130 755
Halifax............ .
1,007.522
Wlnnlpee..........
080,077
Hamilton...........
611.789
St. John*............
20,080.324
Total Canada..
* Not Included In totals.

10,142,090
0.500.000
1.192,901
920,530
700,350

+4*5
+ 1*5
-6 2
+15*2
- 2*8

10,303,498
5,044.187
1,008.(35
752,097
482,160

9,977.180
0 807,226
1,137-823
099,240
680,376

19.402 477

4-0-2

18.949.9*1

1« 7*1.815

206

THE CHRONICLE.

[Von. LXIV.

silver crusade made it doubtful whether all values
TH E F IN A N C IA L S IT U A TIO N .
were not to be silver values. As that danger disapThe selection of Mr. Lyman J. Gage, President of the pears the market for Government bonds grows active
This week the new 4s of 1925 have
First National Bank of Chicago, to fill the position of and higher.
Secretary of the Treasury in the Cabinet of President j touched 124, and that compares with 111£ August 7.
elect McKinley is the most important and gratifying j There have been quite a number of favorable de­
occurrence since the election. Mr. Gage has been from velopments in connection with our railroads this week.
thirty to thirty-five years a banker, he is consequently |Considerable progress has been made in reaching an
a practical business man, of clear and pronounced agreement for the settlement of the tron lea among the
views on curreucy questions, inclose touch with a ffa ir Ohio bituminous coal roads ; the Atlantic & Pacfiic
and knows from experience, as well as theoretically, bondholders have confirmed the arrangement for the
what our industrits are suffering from. In selecting purchase of the A. & P. by the Atchison; the plan for
such a man for the position designated, Mr. McKinley the foreclosure and sale of the Union Pacific has
states as positively as any act could state that he in­ received the assent of both the U. P. R mrganiz ation
tends to carry out to the letter the currency feature of Committee and the United States Government; and
the platform under which he was elected, and to secure the Chicago St. Paul Minneapolis & Omaha has
a gold standard for the country as soon as possible. declared its first dividend on the common stock. Tne
Actions always speak louder than words, and in this agreement among the Ohio coal roads has not yet been
case the rule is pre-eminently true. The President­ de finitely concluded, another meeting having been
elect could not have uttered any words which of them ; called for next week, but there is good reason for
selves would carry with them such an assurance of I thinking that the necessary concessions will be made,
security and stability to future business ventures as and the whole matter speedily adjusted and settled up.
As concerns the Union Pacific arrangement, it must
this appointment obviously does.
There is likewise another unique and gratifying atti­ be regarded as a happy solution of a vexed problem.
tude the prospective Secretary of the Treasury will hold It makes certain the foreclosure and reorganization of
with relation to currency reform, and that arises from the road, and at the same time protects the interests of
the fact that Mr. Gage never has formulated a cur­ the United States. This latter is very important.
rency plan. He knows full well what principles any Owing to the unreasoning course pursued by Congress,
sound currency system muBt conform to to be made there was very grave danger that the interests of the
effective and not disturbing—but he has no fad. This Government might be sacrificed. Under the arrange­
is also highly satisfactory. Many a sound money man ment now made the Government is assured of
has hurt himeelf and his influence by drawing up, work a minimum bid for a very large amount in any
ing out and getting himself attached to his own cur­ event, and if any party or interest thinks that
rency scheme. Such an exercise, somehow or other, this bid is too low, and feels inclined to give
seems to make a man more or less of a trimmer, and more, it is afforded the opportunity to do so.
finally he gets to look upon his own device as a hobby. Hence the Government ought to realize for its
A leader dots not want a definite plan. He wants full claim all that can be got for it. It is also desirable
knowledge of the difficulty to be met and a clear idea that the property should be speedily sold and further
of the principles which in every case must be carried meddling on the part of Congress avoided, and the
out. The points were thoroughly well laid down at plan seems to assure that too. So long as the road
the recent Irdianapolis Convention. It was wise of remains in receivers’ hands it will be impossible to
the Convention to have stopped with that statement.
develop the property so as to serve to the best advan­
There are evidences that affairs are gradually work­ tage the communities dependent on the road; and so
ing out of their derangement and on to a solid basis. long also as the road’s affairs remain unadjusted the
The appointment of Mr. Gage will tend to hasten large investments in the property will continue to rest
that result; it helps to fortify the point of greatest under a cloud and be injured in value.
The declaration of a dividend of two par ceut on the
weakness. No doubt hindrances still exist. Almost
every industry has been disorganized or bears the scars common stock of the Chicago St. Paul Minneapolis &
of the conflict through which all have been forced to Omaha indicates that in spite of the bid times there
pass. As a result the liquidation has been so pro­ are some railroad properties that are steadily improving
longed and severe that unexpected weakness in com­ in prospects and condition. Tne S;. Paul & Omaha
panies and individuals has on the one hand been dis­ has during the last two years had the advantage of
closed and on the other extreme sensitiveness among good crops in its territory, albeit the spring-wheat yield
investors lias been occasioned, which make them quick in 1896 fell much below the exceptional yield of 1895;
to believe every unfavorable rumor.
The coal but apart from the crops there has been satisfactory de­
trade and the coal roads have recently become velopment in other directions. The comparative income
the cause of special anxiety. Because of this fact statement submitted shows that there was an increase in
and of the position the Delaware & Hudson has gross earnings of #617,428 over the year preceding and
long held among investors and becauseof the criticisms an increase of #347,047 in net earnings. After paying
which this week have been made respecting the prop­ interest and rental charges and the 7 per cent divi­
erty, we have been led to study its real situation and dends on the preferred shares, there remained a sur­
write quite at length with reference to it on subsequent plus of #711,883 in 1890 against a surplus of #348,257
pages.
But, as stated above, affairs apparently are in 1895. Ia other words, 3'84 per cent was earned for
slowly but steadily working towards a more assured the stock in 1896. The two par cent dividend now
basis. This is clearly indicated by the course of the declared calls for only #371,185, leaving a balanoe of
best securities. Especially is it true of the movement $340,098.
n Government bonds. The prices of thoeo securities
The Delaware Lickawauna & Western income state
have ruled abnormally low because of the Populistic ment for 1890 was submitted yesterday, and like the
attacks on the Government credit and because the statements of the other anthracite carriers it reflects

January 30, lci&7,J

THE CHRONICLE.

the unfavorable conditions which prevailed both in the
anthracite trade and in our industries generally during
that year. As in 1895, the company earned only a little
over 5 per cent on the stock. Dividends, as the reader
knows, are 7 per cent, and hence there was a defi­
ciency of $509,261 in 1896 and of $479,340 in 1895.
In 1894 also there had been a small defi­
ciency ($196,651), the company having earned only
6’24 per cent in that year. There is nothing remark­
able about these results in view of the conditions
prevailing, but it is interesting to note that the
Lackawanna, unlike the Delaware & Hudson, does not
hesitate to draw on accumulated surplus to maintain
the old rate of distribution. We observe in the balance
sheet the same feature noticeable in the case of the
other anthracite companies, namely largely increased
amounts of coal on hand. For December 31 1896 the
value of the unsold coal is reported at $2,409,922
against only $1,852,238 on December 31 1895.
Quite a number of returns of gross and net earnings
have been received this week for the month of Decem­
ber. The feature in these returns is the economies
effected in operating expenses, under which in a number
of cases a loss in groes has been converted into a
gain in net.
For some of the roads the comparison
as to the gross also is better than in the months imme­
diately preceding. Below we furnish a four-year state­
ment for several of the roads.

207

hold out. All the banks adhere to the agreement no t
to loan below 2 per cent. It ha3 been suggested that
a plan be devised by which the rate of interest paid by
banks on balances of interior institutions can be reg­
ulated. The proposal is that there shall be a standing
committee of the Clearing House to whom shall
be delegated the power to, from time to time,
fix the rate on such balances according to the
conditions of the money market. Some Eastern mill
paper having from ninety days to four months to run
has been bought at 2 f per cent this week, but the ordi­
nary run of commercial paper is just about equal to
the demand, and therefore names do not accumulate
and rates are steady, with 3 per cent as the lowest for
endorsements or single names, and some of the uptown
banks stand out for 4 per cent for the best paper.
The amount of gold, chiefly in the form of Assay
Office checks, turned over to the Sub-Treasury this
week in exchange for legal tenders was $100,000. The
net gold in the Treasury reported from Washington
on Friday of last week was $143,182,755 and the
amount so reported on Friday of this week was $144,522,612.
M >ney on call, representing bankers’ balances, up to
yesterday loaned generally at
and at I f per cent
with the bulk of the business nearer the first-named
rate; yesterday the range was l i @ 2 per cent. The
average for the week has bean about I f per cent.
-------- --------December Bamino*.------------ - Trust companies loan at 14 per cent as the minimum.
1896.
1896.
1894.
1893.
Szme of RiadThe demand for call money is good, many of the
1
4
f
1
2,766,023
2.617,231
Atchison Top. k Santa Fe..Gross 2.852/UO
2.805.‘08
Net
860,713
814,80 4
768,038
76■‘,808 commission houses relying upon this branch of the
199.326
Allegheny Valley...,.......
213.446
186.133
171.747
engagements for fixed
Net
72,073
48.8 -5
61.276
55.014 market instead of making
265.385
Bjflalo Roch. k Pitts......
264,600
253.511
255.097 periods.
Lenders
on
time
find
difficulty in placing
03.3&6
09,528
Net
82,785
72.030
Canadian Paoiflc.............
1,025.871
1 924,616
1,554,860
1,6.33.68. loans which will mature before June, there being a
021,432
Net
74.465
683.443
580.80*
1.018,810
Chesapeake & Ohio....... 020.617
800,847
718,339 light demand for short time, and there is not much in­
Net
315.313
304.679
262.678
217.452
Chicago Mil. k St. Paul .. ..Gross 2 570,877
2 764.653
2.203.524
2.534.175 quiry for money for longer periods, borrowers regard­
Net
1.241.006
1,236.860
001.248
850.441
64.896
52.718
Cleveland Canton k South..Gross
47,683
45.8 8 ing the rate as too high.
Quotations are 2 per cent
Net
12.280
11.848
def.8,278
def.478
1,104,57.3
24 per cent for ninety days to four
Olev. Cln. Cb. k St. Louis. ..Gross 1,304,149
1.161,421
1.110.076 for sixty days,
Net
34 J.604
299 4 0
329.924
279 038
150.521
Peoria k Eastern..........
151.07
140.608
121 623 months and 3 per cent for five to seven months on good
47.5 J9
39.292
Net
37.331
13 906
There is a good de­
Ga. Southern k Fla..........
76.231
79.260
87,831
87.076 mixed Stock Eschange collateral.
Net
37,061
27.905
37,649
30,042
Ito.iia
Minneapolis k St. Louis...
1U.421
135.484
1.32,652 mand for commercial piper and a fair supply, but no
Net
71.035
63,755
56.764
44,105
Quotations are 3 per cent
N. V. Susq. k Western......
10 ».607
2*8.815
103.574
144.617 accumulation of names.
Net
07.059
81.394
74.816
50.783
for sixty to ninety day endorsed bills receivable,
Northern Central.............
520,120
659.184
517,794
531.218
Net
125,200
145.433
111,888 167.242
8an. Ant. k Arans. Pass. ..Gross 218,273 177.769 250.630 167.860 3@3£ for first class and 4@5 for good four to six months
75.062
118.610
Net
67,518
29.061 single nam is.
The general trade situation is reported
Southern Railway 1..........
1.836.570 1.677.181
LA99JIK)
1,641.474
Net
683,SS3
638.604
586.082 as encouraging.
600.824
Tne annual statements of mercantile
Wabash.......... ................
065.375
l,0l7.flil
1,070,156
OS’ .602
Net
201,68)
210.038
248.031
110.481 houses now being received show that while not much
One feature of the bank statement of last week was money has been made and some has been lost, merchants
that while ttiecash was augmented by $6,418,600, loans generally are in good financial condition and hopeful.
decreased $1,060,500. Since the beginning of the
The European financial situation ha3 been without
year the deposits show a g tin of $32,694,600 and loans especially new feature this week. The Bank of Eng­
a decrease of $1,037,200. This disparity is largely due land minimum rate of discount remains unchanged
to the agreement by the banks not to loan money on at 3 f per cent. The cable reports discounts of sixty
call below 2 per cent, and this compact has been main­ to ninety day bank bills in London 2£ per cent. The
tained. The trust companies have liberally loaned at open market rate at Paris is 2 per cent and at Berlin
1| and at I f per cent, supplying pretty much all the and Frankfort it is 2|@3 per cent.
According to ohr
demand outside bankers’ balances. There have been special cable from London, the Bank of England gained
comparatively few new loans made by the banks on £694,614 bullion during the week and held £37,106,112
time and the purchases of commercial paper have at the close of the week. Our correspondent further
just about replaced maturities. The reason assigned advises us that the gain was due to the receipt of
for the decrease last week is that some loans on ster­ £694,614 net from the interior of Great Britain, there
ling collateral were paid off. The Park, the Import­ being no imports or exports.
The foreign exchange market, though irregular, has
ers’ & Traders’ and the Hanover banks this week
have given notice to their interior correspondents that been generally firm this week. One feature was a
after the first of February they will pay only 1| per cent sharp fall on Monday in short sterling, due to the
on interior balances. This action led to a movement offering of maturing sixty-day bills in such volume
through the Clesring House officials to secure a general that with the prevailing light demand they could not
agreement to reduce interest on interior deposits to 1£ be fully absorbed. Tnen followed some manipulation
per cent, and some bmks have signed it, but others of the market, which resulted in a sharp reaction on

THE CHRONICLE.

208

[V ol , LSIV.

the following '.lav, and thereafter the tone was firm. It j Result with Sab-Treasury operations, etc.
is claimed that »b>ut #5,000,000 of maturing sixty* ;
Into
O at of
Net Ohawtin
ir*$k S a d ia s J a a .
IS»7.
Btnk Holdin ja.
dav bills have b*eu -.-at to London for collection )
Bank*.
Bank*.
Instead of being gold here, but bankers who are in a j a#ak«* in t e r io r Booveo30nt,aa a b o v e $ 7 ,601,000 $ 3 ,4 1 5 ,0 0 0 G a in f 4 .2 l 6 >00
14,700,000 1 6 ,1 0 0 ,0 0 0 L o s s . 1,400 000
8 a b .T r e a « a r y o p e r a llo a a ,......... .
position to bo well informed assert that this statement J
$19,545^000 G am .$2,8io,oT Tc
T o ta l g o ld an d le g a l t e n d e r s ........
is probably exaggerated. Some loans on sterling have ]
Amount of bullion in principal European banks.
Wen paid off, but how much of this sterling has been ;
sent forward ml what amount has been borrowedJnn. 3S. 1897.
|
Jan, SO. 189«.
Bunk of
upon at a lower rate is, if known, not made public. The
Silver.
Total. | Q d l.
Total.
ObUL | SUver.
£
£
£
£
B
B
range in nominal rates for sterling exchange on Monday
37,103 112 48.314.279
li nfijyad ..... 37,106.112;
48.314.279
was from 4 89 to 4 851 for sixty day and from 4 874 to P itooe....... . 76.071,260 49.l74.l5i 120.545,114 77,377/'42 49,545,216 1/6.922,283
11.256 030 30.609.280 15.075,723 45.684,000
4 B8| for sight, against 4 85| to 4 86 for the former Oiraiant. - 29,504.084 14,752.010
12,035.000 42.989.000 24,972, *‘00 12.692,00 « 37.864,600
A.
and 4 b s to t 881 for the latter on Friday of last week, S >AtQ ...
8,548,00010.8*0.000 18.768, m
8,004,000 10,2 )0,000 13,25 4,000
2,035,000) 6,854,000 9.489.000 3,180.00*' 6,860.000 9.983.000
and the market was unsettled by the offerings of Netherlands.
N#uBelKlui». 2,795,328 1,397,037 4.193.00
2,713,333 1,856,66? 4.070.000
maturing sterling, as noted above. Rates for actual T
week 187.293,739 95.052,837 283.316,573 495,114,034 95J?9,013 29(^4,567
business were one quarter of a cent lower for long, T it.orev. w*k 185.498,573 94.152,829 279,951.407 194,782,601 95,769,135 290.532,039
compared with those at the close of Friday of
last week, at 4 84|@4 844, and three-quarters of a
cent lower for short sterling and cable transfers, WHY COTTON HAS NOT RULED RICHER.
Our attention has been called to an editorial in 'he
at 4 j6 j $ 4 86l for the former and 4 86J@ 4 87
"Atlanta
Constitution” of January 11, criticising a
for
the latter. On
the following • day the
brief
item
which appeared in the C hronicle of J murange for nominal rates was unchanged, but the
ary
9
in
"T
he Financial Situation.” We referred in
absence of off .-rings of more maturing bills and some
that
item
to
the condition of the mirknn for cotton
manipnlaiion of long sterling brought about a reac­
tion, and the market was firmer in tone, with rates for goods, especially for print cloths, and stated the wellactual business one-quarler of a cent higher for known fact that the free silver "campaign,” with its
long, at 4 84J@4 84}, and one-half of a cent dangers and uncertainties, that began to be disturb­
higher for short and for cable transfers, at ing the latter part of 1895 and continued to check
4
@4 8 7 for the former and 4 87}@4 874 industrial operations until after the election, was re
for the latter.
On Wednesday the tone was sponsible for the suspended consumption of cotton
still firmer for long though steady for short manufactures and for the stocks of those goods witch,
and cable transfers, and there was no change in even in the face of suspended maau'actare, a oca n ithe range for nominal rates. Those for actual business lated during the whole of that perixl. As this reluc
in sixty-day sterling were one-quarter of a cent higher tion in the consumption of cost m and the acoimaUat l 84< @4 85, but short and cables were unaltered. tion of goods in first hands were a chief causa for tie
On Thursday the tone was quite firm, and nominal low price of raw cotton, we stated very properly th at
rates ranged from 4 854 to 4 86 for sixty-day and 4 88 the low price of raw cotton was due to the free-silver
to 4 SSI for sight. IUtes for actual business in long agitation. Our conclusion has been criticise l by o ir
sterling were unchanged, but those for short and for Georgia contemporary in the manner following. We
cable transfers were one-quarter of a ceDt higher at omit In part the references to the ignorance, stupidity,
4 87(§4 87} for the former and 4 87|@4 87} for the etc., of the C h r o n i c l e , but give iu subm uco tae rsst
latter. Yesterday the market was weaker in the ab­ of the argument advanced.
TH E DECLINE OF COTTON.
sence of demand, and the rates for actual business in
Tlxo New Y ork F i n a n c i a l C hboniGI/B is supposed to be a publication
short sterling and cable transfers were reduced one- issued
In the Interest o f business m en. This is its intention, a t any rate.
quarter of a cent. The following shows the daily postei Its subscribers arc supposed to be men o f affairs, man or exp erien ce
and men o f understanding. We are therefore surprised to find in the
rates for exchange by some of the leading drawers.

g |

rat.. : H ow - 1 Tuns.. W tl)„ Tit era,, fm ..
fan. 22 Jan. 25. Jan, 28. Jan. m. Jan. 23. Jan, 20.
85
85
85
m i
•rows
ss
m%
S7*
87^
m
B&irm.
100 d *ji,
8Mi
MS*
85H
m
4 ©O.* f nights,.. m
m
8*
s
fifty# n
\so day* ■
m i
Bet Ammtim*. f Sight*...
m
s «
8 “
H*
m
i m daft .
g*
ascniiMd «...** I Sfstau.
§*
&
f t
a *
OmvtimM Hank j m days.
t€ Ckmmtmm.* *SlnM.*,. 8 “
Sg
8“
f t
iis
SetdattMMNL l«fc» i m Aar#
85**
mkmmm m Cm* 1
.
m
m
m
WH
m
Umta rtm m ... j
07K
m
KS
f t
m
’ iife* i m d#r».
mn
m
., t merntm. ..
m
f t
a s

The market closed weaker oa Friday at 4 8f>4@4 86
for sixty day and 4 88@4 884 for sight. lUtes for
actual business were 4 84}@ 4 85 for long, 4 86}@ 4 87
for short and 4 8?i@ 4 874 for cable transfers. Prime
commercial bills were 4 84}@ 4 844 and documentary
4 83|@4 84 }, and these bills w.-re reported so tree.
The following statement gives the week's movements
of money to and from the interior bv the N. Y. binks,
W«* Ssdtas /aa.» , imn.

JHrfri*t4 by \Hklpp»t by Net Interior.
X. r. Bm.w .v. r. n,nH, Movement,

OvrrtDe f ................................... S7.W.M.W I x m o N (iain-il/m
•*M

....................... .......... ;

SS2.O0H

»«< l»g«l I w So t ,— I 07,001,000

183,000l8»m-

HO

d.UrTsi.ai(i

issue o f the C hronicle for January 9th a lot of ruhbtsli that w ould be
discreditable to the intelligence o f tbe blindest and m ost ign oran t
partisan.
Iu an article under the heading o f " T h e F inancial S itu ation,” the
editor is reduced to the extrem ity o f ascribing the recen t dactiue in
th e p r ie e o f cotton aud the accum ulation o f cotton gouts to “ silver
agitation.” H avin g fatuously gone this length, the editor goes farther
and declares that the attitude o f the cotton planters in ad v ooatin g
free coinage has boon responsible for the depressed price o f that
staple. * ' "
This declaration it given the lie In nearly every Issue of the C hron ­
icle during the past throe years. The assum ption h vs nothing w hat­
ever to go upon, no basis in fa ct o r experien ce, for the d ecline in the
price o f raw cotton lias gone on m ore rapidly sines the “ advance agent
of prosperity” was indorsed by the people than it did when the result
o f the election was In doubt. * * *
I f the assumption o f the On no nicer, had any basis o f truth whatever,
ootton would have boon at Its low est price the day before tho election,
as tho result o f " silver agitation,” and then when the issue was settled
in fa vor o f the gold standard the p rice o f cotton w ould lmvo gone up.
B ut tho result is precisely the reverse. Cotton wout up to 8'31o. In
spite o f the silver agitation and the possibility o f the election o f tho
D em ocratic candidate, but siuco tho cessation o f silver agitation it
lias gone steadily dow nw ard, until seventy days after .Mr. M cK in ley’s
election twenty halos o f cotton will sell for $ 120 less than they w ould
before the election. * * *
There are som e facte which tho Ou b o n k i. b overlooks, or take? no
accoun t of. I f the demand ot the New England mills for the raw
m aterial had h e-n iu proportion to tho dem and in Europe, cotton
w ould now fetch tn tho market from 10 to 12oonts apouotl. The reason
why there Is no demand for ootton on the part, o f tho Now England
mills Is because they already have on hand a large su pply o f goods
which th ey cannot soli, or refuse to sell at prices which consum ers can
afford to pay.

J anuary 30, 1897,]

THE CHRONICLE.

Tlie Chronicle should call the attention of its readers to the fact
that this lar>ce accumulation of print cloth stocks is due to the myste­
rious belief existing among business men and manufacturers that the
mere election of Mr. McKinley would restore prosperity, open the
mills to labor, and set the wheels of industry in motion. This belief
(as grossly ridiculous as the most ignorant superstition) led the manu­
facturers to start up their mills as soon as they heard the news of Mr.
McKinley's election, and the result is an accumulation of stooks, and
serious disappointment. It is wonderful that business men can lend
themselves to such a political superstition; but it is more wonderful
still that a reputable periodical should continue to feed it by inventing
and indorsing the declaration that “ sliver agitation ” is the cause of
the low price of cotton.

The personal allusions of the editor do not require
notice. It is a surprise that such a representative of
opinion can get a constituency among a people which
have been so long distinguished as the model in good
manners and as the perfection in polite address. The
presumption is that when there are facts to support a
contention, they are emphatic enough to reach the
mind of an opponent without giving the “ lie” and
other like adornments to enforce them. There is
consequently a charitable way of looking at this
ebullition of ill-temper. It was not an exhibition of
the editor’ s natural self, but an absence of facts to
support the writer's assumption, that provoked the bad
manners.
A decrease in the production of cotton, a decrease
in its consumption and a large stock of cotton goods
threatening a further check to the consumption of the
raw material, have been the chief influences, each in its
turn, which have controlled cotton values during the past
year and a-half. The first occurrence was the poor crop
of 1895. In that year the yield in the United Slates
was very late and small. Had there not been on Sep­
tember 1 1895, when the cotton year of 1895 96 began,
a very large visible stock of old cotton to supplement
the supply, and had consumption kept up as in
1894-95, the world’ s spinners would have had to pay
famine prices for their raw material during the twelve
months. Even with that stock, the supply was so
insufficient to meat the prospective demand that
nothing apparently was needed on September 1 1895
except to keep up the consumption of spinners, to more
than make good to the South by a rise in price of the
raw material the loss it had suffered by reason of the
quantity of the crop raised.
Every condition, too, favored such an outcome. Tae
season for the goods trade opened that day under con­
ditions of great promise both in E irope and America.
Europe’s production of goods had never been so large
and it continued to be large all through the season.
Our mills were likewise turning out goods faster
than ever before when September 1895 opened,
and what is more, the army of consumers were taking
them just as rapidly as they could get them. The small
and even decreasing stocks of print cloths being carried
at that time are in large measure indicative of the
situation of the entire goods trade. Thus on tbe 7th
day of September 1895, these stocks at F ill River and
Providence had been reduced to only 200,000 pieces.
But even that was not the minimum. The pubi c not
only continued to absorb the large current manufac­
ture, but it seems that up to the 21 of November the
small stocks held were further trenched upon, the total
reported on that day being 134,000 pieces. At that
point a back sat developed, and a movement began in
the opposite direction. The additions were small in No­
vember, the aggregate stocks reaching 224,000 pieces on
November 30, but from th elstof December the accumu
lation was much more rapid. On the 7th of December
the total stocks were 262,000 pieces; on the 4th of
January the total was 480,000 pieces; on the 8th of

209

February they were 961,000 pieces; on the 7th of
March they were 1,221,000 pieces, and on the 4th of
July they reached the phenomenal figures of 2,037,000
pieces, near which point they have kept ever since,
although for a good part of the time from June, and
even before that and until November, the mills were
turning out gnods on a greatly reduced scale with­
out having any influence in decreasing the stock
held.
We have Bet out these data with reference to print
cloths because they represent in large measure the
course of the cotton goods trade in 1895-96, the ex­
ceedingly prosperous surroundings at the start, and
the severe restriction in the consumption of goods
which developed and prevailed thereafter for almost
every sort of cotton manufacture.
We are within
the facts when we say that the contraction in
the consumption all through the summer and well
into the fall was simply unprecedented. Bear in
mind that these stocks of print cloths accumu­
lated until the aggregate stock became within a
trifle of twice the size of any previous record.
TheD, again, while in September and October 1895 the
public was absorbing more than the mills could make,
in June 1896 and in subsequent months, notwith­
standing the very large falling off in production—
almost an absolute shut-down of the mills a part of the
time, and for months an out-turn of not much over
half the previous product— the old stocks did not
decrease at all. But we need not enlarge upon these
matters; the situation is of such recent date that every
one is familiar with its peculiarities and intensity.
We are not permitted to doubt that so serious an in­
terruption to industrial movements as these facts
show can occur without decided harm to cotton
values in many ways.
Stopping cotton machinery
means stooping the purchases of the raw material.
Putting five or six millions of Northern spindles on
short time and shutting up other mills altogether, ob ­
viously weaken the market for the staple used until
prices drop to a lower level by reason of the diminished
demand. Tnen, too, the existence of a large stock of
unsalable goods in spinners’ hands is always, so long as
it remains, a depressing influence not only upon the
goods market but upon the market for the raw mater­
ial. It acts as acoistant rn eases, threatening a fresh
stoppage of spindles, and hence keeps the market all
the time in danger of a further loss in the require­
ments for cotton. While such a doubt has possession
of purchasers’ minds a hand-to-mouth policy will be
adopted by them and the market be depressed, with
the tendency of prices downward.
But as our cotton crop was short in 1895 96 there is
a more definite way of testing the effect of a shortened
demand, which is satisfying and conclusive. Many are
not aware how near the point of exhaustion the supply
of American cotton came this year, even with the
decreased consumption, and what a marvelous differ­
ence a little greater activity among spinners in this
country would have made in the price of the staple all
through the year and would be causing now. The
fact is, a very little added to tie amount spinners ab­
sorbed would have left no stocks of the American
staple in either Liverpool or the United States. Not
only was the season’s crop all used, but the amount held
in Gr eat Britain, which was large when the year
opened, was reduced when the year closed to very
narrow limits. On September 1 1895, the Liverpool
stock of American cotton was 1,094,000 bales, while

210

THE CHRONICLE.

[Y o u LX1V.

on Sept?tuber 1 ISttfi it wsa only 387,000 bales. Again o n have produced. He says “ if the demand of the New
August 1 1806 the amount of the staple visible at our England mills for the raw material had been in propor­
outport* and interior towns was only 243,668 bales. tion to the demand in Europe, cotton would now fetch
If it bo assumed then that our Northern spiunera, not in the market from 10 to 12 cents a pound.” We have
only in the print cloth department, bat in all the other likewise cited facts enough to-day to make it evident
departments of the trade, instead of experiencing a that the editor of tho “ Constitution” is mistaken
loss of demand and a constant accumulation of goods when he adds to the above that the reason why this
from December ! 1895 when Congress met, to Sep­ demand has not existed is because of the large supply
tember 1 1896, when the season closed— if it be assumed of print cloths spinners hold ; and that he is like­
that spinners had found all the time a ready nmket for wise mistaken when he says our position can­
their goods as they did the previous year, they would not be correct “ because” the decline in cotton has
have been eager buyers of eottou and have taken out gone on more rapidly since the election than before ;
of the market at least 300,000 or 400,000 bales more also when ho states that if our position “ had any
than they did. This is a minimum estimate. The basis of truth, cotton would have been at its lowest
fact is, had Northern spinners purchased as much as price the day before the election as a result of the
in the previous season, they would have withdrawn silver agitation, and then when the issue was settled
from the visible supply 483,426 bales more than they in favor of the gold standard the price of cotton would
have gone up.” The writer has failed to carry his in­
did withdraw.
Moreover, as we have already stated, spinners vestigation back far enough in- studying the existing
had just been experiencing a year of growing activ­ dislocation. The evil the cotton market is suffering
ity, and when 1895-96 opened, the clear indication from at this moment was wrought last spring and last
was during the first two or three months that expan­ summer, when the consumption of goods was so re­
sion was to be the rule for that year also. This is the stricted that they were left in stock instead of being
authorized assumption, for the further reason that the absorbed by the public and cotton was left in stock in­
productive capacity of the mills had been added to stead of being bought and turned into goods by spin­
during the previous twelve months and was at the ners. Had trade been allowed to go on instead of
moment being added to, while every indication except being interrupted there would prooably have been to­
our currency conflict favored industrial development day at least 500,000 bales less of American cotton in
and the full and profitable occupation of all the spin­ sight pressing for sale than there is, and 1,800,000dles set up. We need not, though, enlarge upon this pieces of print cloths less in stock seeking a buyer both
idea or give any figures to include these undeveloped sides of the ocean but absolutely unsalable, and large
probabilities. It is sufficient for this investigation if stocks of other kinds of cotton goods held iu firstwe use as a basis the 300,000 to 400,000 bales which, hands in a similar condition.
m already shown, it is absolutely certain would have
The editor of the “ Constitution” will aho find on
been added to the amount taken out of last year’s cot­ examination several other material inaccuracies in his
ton crop by American spinners if the wave of prosper­ article.
We would especially call attention to his
ity still on the rise September 1 1895 had not been closing paragraph, where he asserts “ that this large
arrested by the free-silver movement.
accumulation of print cloth stocks is due to the mys­
la that case the shape in which our markets would terious belief existing among business men and manu­
have been can be clearly seen by reference to tbe facturers that the mere election of Mr. McKinley
small stocks of American cotton, as already noted, would restore prosperity, open the mills to labor and
that were still on band towards the end of the year. set the wheels of industry in motion. This belief (as
Tbe aggregate of the staple at our outports and inter- grossly ridiculous a3 the most igaorant superstition)
rior towns August 1 1896 was, as remarked above, only led the manufacturers to start up their mills as soon
243,668 bales. Hence, if American spinners had sup­ as they heard of Mr. McKinley’ s election, and the
plied their increased needs Europe must have received result is an accumulation of stocks and serious
oonsidenUjr less than it did. And yet it seems, ac­ disappointments ” etc.
The truth of the mat­
cording to Mr. Ellison’s figures, that spinners’ stocks of ter is, (1) no part of the existing stocks of
all kinds of cotton at the end of the season, both iu print cloths has been accumulated since
Mr.
Great Britain and on the Continent, were altogether McKinley’s election— the facts with relation to that
only 301,000 bales, while Liverpool reported only period we have given absve; and (2) stocks now are
887,000 bales on hand Sept. 1 1890, and all the quite a little smaller than they were when the election
Continent ouiy 398,000 bales additional.
Under took place— on the 7th day of November 1896 the
these conditions of the supply one will readily stocks at Fall River and Providence were reported at
tui'i, r-?and what an eager demand and what a 2,185,000 pieces, whereas last Saturday, January 23,
material the in values our cotton markets would tbe similar total was 1,880,000 pieces. It conse­
have experienced growing out of the sharp competition quently appears that a decided change for the better
between the foreign and American buyer made neces­ followed Mr. McKinley’ s election. The most of the
sary to secure the needed supply of the raw material to period since that event the mills have b sen running
k« i?p spindles in motion at this more active rate.
full time; previous to October they wero running on very
If it were needful, we might farther develop this short time. Tho correct comparison therefore would
ffistimi of our subject by showing how aa active trade seem to be that the public is now consuming full pro­
in America would, as it always does, have helped to duction and a little of the old stock, whereas during
improve trade in Europe and thereby have increased the ante-election pariod they did not even absorb the
cotton consumption there also. But that seems hardly very restricted production then turned out. We con­
nec- «>.ry inasmuch as we have written fully of the sequently have manifest, through current events, the
m itter on previous occasions. Besides, the editor of the psychological phenomenon of a “ oelief (as grossly rid­
“ CoMtituiioa ” admits in the plainest terms what effect iculous as the moat ignorant superstition)” weLl ad­
on price tbe additional requirement assumed would vanced in the process of being realized.

January 30, 1807, j

THE CHRONICLE.

211

is not agreeable to b3 placed in such a light oefore the
other Powers with whom we have relations. In our
Public attention has been sharply directed this judgment, however, the treatment of the protest by
week to the Nicaragua Ship Canal Bill; first by a very some of the speakers in the Senate is decidedly more
unusual diplomatic incident and second by an equally humiliating. Not one of the Nicaraguan Envoy’ s alle­
singular debate in open Senate. The diplomatic inci­ gations has been denied in the debate ; on the con­
dent was a formal protest by a foreign envoy it Wash­ trary, they were throughly confirmed, in advance of
ington against all the canal construction bills now the publication of the Rodriguez note, by a Senator
pending in Congress. The Senatorial part of the e p i­ who has from the start had a large share in the nego­
sode has consisted in the public accusation, on the tiations. They were publicly and with equal positive­
floor of the Senate, that the Central American Gov ness confirmed last Wednesday by Senator Sherman,
ernment and its Envoy are playing a blackmailing Chairman of the Foreign Affairs Committee. Under
game and acting under the hostile influence of Great such circumstances, we fail to understand what excuse
Britain. This is a situation so extraordinary, so far there is for charges of “ blackmail,” “ impertinent
removed from the usual routine of legislation and intrusion,” “ sullenness and hostility.” Each of these
diplomacy, that the question at issue is worth thorough accusations has been flung at the Central Ameri­
can Republic from the floor of open Senate. It
examination.
Five bills affecting the Nicaragua enterprise are now seems to us that Nicaragua is protecting its
on the Congressional calendar. One of these measures own rights exactly as the United States would
Supposing that
appeared in formal Senatorial debate l»3t week. The do in a parallel emergency.
purpose of all these bills is to revive the moribund our Government were to force on Nicaragua acqui­
Maritime Canal Company of Nicaragua, and to resume, escence in the measure as it stands, or were even to
through direct or indirect use of our Government’s put that measure into force unobserved by Nicaragua,
resources, the suspended work on the canal. To this with what grace could our public men thereafter
end provisions have been inserted in the bill now complain of what is called the “ British land-grabbing
under debate before the Sonate whereby the United policy” ? More than this, we suspect that Minister
States is to indorse the bonds of the comoany which Rodriguez, in protecting the interests of his own Gov­
holds the existing charter for the work, Tae security ernment, has rendered a real and important service to
for the Government, in case it should be compelled to the United States. The Senate Nicaragua Canal bill
make good its guaranty, is ownership of the Maritime is open, in our judgment, to grave objection; it would
Canal.
be thus open even if it had been prepared with the
On January 15, Minister Rodriguez, of the Central cordial co-operation of the Nicaraguan Government.
American Republic, addressed a note to Socretary The bill is probably killed for this session by the dip­
Olney, objecting in his Government’s behalf to the lomatic protest; in some form or other it will, however,
Morgan bill and all the kindred measures now pending probably be revived in a future session. We propose,
in Congress. The Envoy’s objections, which have therefore, briefly to review the course of events in the
since been communicated to Congress, are briefly as canal affair up to the present date.
follows : First, that the original act and the treaty
The history of the company which during nearly
with Nicaragua on which the act was based, expressly eight years has had in its charge the pursuit of this
stipulated against control of the canal by any foreign important undertaking is pretty generally known. It
government; whereas the proposed new legislation was incorporated by act of Congress February 201889,
effectually transfers the ownership to the United having already in 1887 secured on certain specified
States. Second, the treaty contract stipulated that conditions the consent of the Government of Nicara­
Nicaraguan engineers should have apart in the survey; gua. It was empowered to issue $100,000,000 stock ,
whereas the new legislation leaves the whole matter to with the right to increase this capitalization to $200,United States Army engineers. Third, the contract 000,000. The act was explicit in freeing the hands of
provided that half of the Maritime Company’s direc the United States Government from any financial en­
tors should be selected by the company from the orig tanglement with the enterprise. “ Nothing in this act
inal promoters of the enterprise; in opposition to contained shall be so construed as to commit the United
which the pending measures give the company only one States to any pecuniary liability whatever;” “ nor shall
director, Nicaragua and Costa Rica oae upiecs, leaviug the United States be held * * * as having assumed
eight to be named by the President of the United by virtue of this act any responsibility for the acts or
States.
proceedings of said company in any foreign country” —
Finally, the existing company has in two respects such are the very emphatic provisions of the grant.
failed to fulfill its contract. It has not issued to Nica This restr ction, as Senator Turpie pointed out in his
ragua six per cent of its securities as originally pie Iged, comprehensive speech on the matter last week, Tues­
and it has not completed such of the canal as wa3 re­ day, “ is a condition precedent to the granting of the
quired by contract to be finished within a stipulated charter, accompanying the granting of the charter,
time. This time has now long since expired; the con­ and running yet with the charter.”
tract is therefore forfeited. Yet the new bilk not only
The organization thus chartered was known as the
assume the contract and charter to be still alive, but Maritime Canal Company of Nicaragua, and no other
make no provision whatever for the future fulfillment concern has ever been formally recognized by the
of the pledges. On these grounds the Minister diplo­ United States. But so far as official evidence is wit­
matically objects to the bills, refuses to recognize the ness, this company never made any step in the project
further existence of tbe Maritime Canal Company, undertaken except to shift the construction work
and asks for a direct understanding between the two upon the shoulders of another corporation not
governments in the matter.
recognized or contemplated in the charter of 1889. This
Tnis very plain presentation of the case for Nica­ company was styled the Nicaragua Canal Construction
ragua is in some sense a humiliating incident. It Company; its purpose was to build the canal and
TH E N IC A R A G U A E PISO D E .

212

I'HE CHRONICLE.

[V o l . L X I Y

%mSS£S£Z£SZ
.
turn it over to tho original concern.
Tno Mari­ impracticable. This is of course only individal judg­
time Company, m mm publicly stated last week ment, But in 1895 a commission of Army and- N ivy
in the Senate, has never sold a dollar’s worth engineering experts was sent by President Cleveland
of stock; all the money raised for the canal— to mike a personal inspection of the canal and fo
• 1 2 ,0 0 0 ,1 " by a subsequent report— wis invested by report their findings to the Government. Toeir official
the public in shares of the construction company, statement in November 1895 was that the feasibility of
whose outlay in work was paid for by securities of the the plan was doubtful; that no final judgment ou its
original M tritium corporation. By 1891 the construc­ practicability would be possible without a survey
tion company naddiseovered that the resources already which would occupy a year and a-half and cist $350,available would not audios to complete the enterprise. 000. They added a general estimate of the canal’ s
A bill was introduced in Congress at the opening of probable cost, in which they raised the figure from
that year for a Government gu minty of #109,000,000 the company’s estimate of $69,800,000 to 1133,000,It should be observed in passing that the
bauds of the Maritime Canal Company. This measure 000.
failed in the Se sate; what its sucosss would undoubt­ pending Senate bill makes no provision for a pre­
edly have involved to the United States may ba judged liminary survey of this kind. It does not even
from the fact th at ou August 30 1893 the construction recognize, in naming its Government guaranty, the
company went into a receiver’s hands, hopelessly bank­ estimate of the Government’ s own experts in the
rupt, with assets consisting only of its working question.
Such is the present asp ct of the question from a
property at New York and Nicaragua, and the securi­
ties of the Maritime Company, which were and always business point of view alone. It is possible, of course,
that the views of the 1895 commission were entirely
had been wholly unsalable.
This review of the company’s history makes reason­ wrong; that the Government might not be called upon
ably clear the nature of the present appeal to the Gov­ at all to make good its guaranty; and that if it were
ernment, Tne United States is askel by the Senate to do so, it would profit in the end. This, we say, is
bill to guarantee an issue of thirty-year 3 per cent possible; bat it is not the kind of possibility which
bonds by the Maritime Canal company not to exceed legislators have a right to recognizs in binding the
tl00,t'09,0Q0. Tne proceeds of sash bonds are to Government to a heavy expenditure, particularly at a
pass into the treasury of the Maritime Company, and time when that Government is involved already in a
in return the Government is to hold a drat lien on the monthly deficit of several million dollars. Nor, it
Nicaragua Canal,
might be supposed, is this a time well chosen for en­
Leaving oat of consideration for the moment the tangling the United States in the affairs of a private
protest of the Nicaraguan Minister, it will appear that corporation when the ingenuity of the Government’ s
there are two ways in which this project may be con lawyers is being taxed to extricate it from the results
sidered— as a buaiaess proposition and as a public of a similar connection with the Pacific railways. In
undertaking. As a ba.-iness proposition there is little the railway case the lien of the Government is now,
io say in its favor.
The collapse of the construe and has been from the first, of tangible and undoubted
tion company throws sufficient doubt on the financial value. But Senator Turpie, in his speoch last week,
possibilities of the plan. It is true the company went disclosed the extraordinary fact that the lands in Nica­
into insolvency because it was uuable to raise further ragua and Oosta Rica, on which the Government’ s lien
funds, which it could certainly have done with securi­ must rest under the pending act, have never been even
ties of the Maritime Company in its vaults indorsed by conveyed to the company. Indeed, the treaties stipu­
the United States, Bat the very fact of this unwill­ lated that the lands should not be thus conveyed until
ingness of private capital to accept the risk without the canal should reach a stage of progress which it has
an absolutely sure endorsement shows what the busi never yet approached. As wo have noticed already, the
declares the
ness estimate of the undertaking was.
The Suez Nicaraguan Government officially
Canal is appealed to as a precedent in favor of Maritime Company’s charter to be forfeited ; it repu­
the enterprise. But at Suez the engineering problem diates the grant of land and privileges, a repudiation
was of a wuolly diffireut character from that at N ici- necessarily involved, under the circumstances, in the
ragua. It was indeed doubted, at the time of Count well-known terms of the 1887 contract. Yet in the
de Lesseps’s earliest labors in 1856, whether a ship face of such a situation, the Senate bill proposes to
canal across a desert coaid ever bo maiataiued in nav­ commit our G ivernment, to the extent of a hundred
igable condition. The problem, however, was one of million dollars, in an enterprise which the Governmaintenance, not of original construction; at the meat’s own experts havo pronounced extremely ques­
worst, profits depmded ou the question whether, after tionable, an l iu which the whole security offered to
the canal was built, it could be made to pay a revenue the United States rests on a doubtful title. There
over the cest of keeping it in order. Tha the can«l ought to ba small delay in the action of Congress on
could be built, and at no overwhelming cost, all of the such a proposition.
engineers agreed. Tha wholly ditlerent problems aris­
We are aware that the project of a Government
ing in the case of an American isthmian canal found guaranty is not based by its authors primarily on the
their best illustration in the l iter attempt of the pro idea of financial profit. The plan for control of the
jector of the Suez Canal. Dishonest and stupid man­ canal by the United States arises primarily from a
agement played their part in the notorious Panama wish to possess and hold the naval highway between
fiasco of 1889; but the obstacles of nature were the the Ariantic and the Pacific. The canal, it is first
original and final causo of the failure.
assumed, ought to be and can be successfully com­
In the case of the Nicaraguan enterprise, as in the pleted; this done, it must be kept in the possession
case of the Panama Canal, engineering judgment is of our Governm mt as a protection in time of war.
not at all agreed. Some engineers of reputation have We hive already shown how much of doubt exists
declire l tin scheme of carrying heavy ships through regarding the first of these two propositions. But
a lock-canal over a range of mountains to be wholly there is something to say also regarding the canal as a

JANUA8T 30, 1897.]

THE CHRONICLE.

war problem, even su pplin g it feasible as a commer­
cial enterprise in time of peace.
If the completed Nicaragua Canal were to bs held
by the United S:ates with such a purpose, the very first
move of an opposing naval State, on the outbreak of
hostilities, would be to seizs the gateway to the canal.
To provide against such an accident, it would be neces
sary to maintain at all times along the Central Amer­
ican coast a fleet at least as large as any which could
be brought to bear by any other Power. Senator Turpie, who is himself in a measure favorable to the gen­
eral notion of Government ownership, declares that the
canal work “ will be and must be armored. There
will have to be a fl et or eqadron at the Atlantic ter­
minal and at the Pacific terminal; there will have to
be batteries in defense on land at both of these ter­
minals, and there are several places in the interior
where the officers of the Government detailed to make
inspection say that it will be necessary to keep a mili­
tary force.”
We do not know that the case could be more strongly
put by the stoutest opponent of the theory of Govern­
ment control. Great Britain paid down £3,976,582 in
1875 to buy from the Khedive of Egypt the controlling
shares in the Suez Canal; it did this because the canal
was built already with private capital, and because it
had become the highway to British possessions in
the lodies.
The English Government was forced,
in short, to control a situation
which it had
not created. It has been involved, as a neces­
sary consequence, in frequent international com­
plications and in enormous additional expenses.
The present proposition is for
the United
States to create for itself precisely such a situation.
We are unable to understand how existing circum­
stances can in the slightest degree warrant such apian.
Our country has for many years taken justifiable pride
in its freedom from the burden of military expendi­
ture in time of peace, which is crushing the European
people. It is a singular theory which summons us, at
this stage of our national career, to take voluntarily
upon ourstlves a heavy share of such burdens.

THE D E L A WA R E <& HUDSON R E PO R T.
Probably there has never been a time when an an­
nual report of the Delaware & Hudson Canal Company
has been awaited with greater interest, we might almost
say with greater anxiety, than the present year. The
action of the board of directors a few weeks ago in
reducing the dividend from the basis of 7 per cent per
annum to 5 per cent has not been the only cause for
this. Since then there has been a train of unfavorable
events. Tne management of the company, whose char­
acter, it would seem, ought to make it exempt
from charges of intentional
wrong-doing, has
been accused of very reprehensible practices, and
finally the announcement contained in our railroad
columns last week that the New York & Canada, one
of the company’s leased lines, had in 1896 issued
$1,000,000 of debentures to repay advances made to it
by the D. & H., has been given a wholly erroneous
and unauthorized construction, and been used by
operators for a decline on the Stock Exchange to
further depress the price of the company’s stock. The
result is that shareholders to-day are left not only
with part of their income cut off, but with a very great
shrinkage in the market value of their investment, the
price having dropped to 106£ this week against 121f on

213

January 6. Not since 1893 has the stock sold so low
as at present.
The call for information arising out of this situation
makes desirable a more extended investigation and
analysis of the company’ s affiirsthan is usual in re­
viewing an annual statement, and we have collected
some special facts and data which will be helpful in
throwing light on the status of the property.
The company’s complete report for the year has not
yet been issued. The statement now furnished is
simply the preliminary abstract of the income account
for the twelve months. This income statement is a
pleasant surprise in showing results very much more
encouraging than expected.
The year 1896 was
not only one of extreme and steadily gro wing de­
pression in general trade, but it was an exceed­
ingly unsatisfactory year also in the anthracite
coal trade, upon whose condition the Delaware &
Hudson, alorg with the other anthracite carriers,
is so greatly dependent. The various hard-coal in ­
terests reached an agreement in January of that
year by which the ruinous strife previously existing
among them was discontinued. It was part of the
plan that the companies should obtain better prices
for their coal, and in pursuance of that policy circu­
lar quotations were advanced several times. But
these advances were made only gradually, and they
were i ot in all cases realized, as a considerable num­
ber of old contracts were outstanding and had to
be filled at the previous low figures.
Besides
this, a rigid policy of restriction was necessary to
hold prices up, so that even where the, companies
obtained more remunerative figures for the product
the quantity disposed of was greatly reduced. Further­
more the expense of mining is proportionately heavier
on a small product than on a large product. The bene­
fits from the new plan ought to have come in the last
half of the year with the mining of normal amounts of
coal. But, as it happened, the great depression in all
our industries which developed during these six
months had the effect of curtailing very materially
the demand for the staple, so that the companies suf­
fered severely during this half-year too in their coal
business. At the same time, as already stated, the bad
times operated to reduce the volume of many classes
of merchandise traffic carried over the lines of the D. &
H. system. Altogether the year was a very poor one.
The income statement shows that in a year of such
unfavorable conditions the property earned a little over
5 per cent on the 35 millions of stock outstanding. In
exact figures the amount earned for the stock was
$1,765;013. This sum was derived entirely from the
ordinary operations of the property. In 1895 the
amount reported available for the stock was $2,364,391,
equal to a little over 6$ per cent. Bat this latter in ­
cluded an exceptional item of miscellaneous income,
which added nearly $600,000 to the year’ s total re­
ceipts. During 1895 $800,000 of Rensselaer & Sara­
toga stock held in the treasury was disposed of,
and through this sale the company realized a
profit of between $550,000 and $600,000— that is,
the stock
when sold netted a sum which
was that much in excess of what the Btock
originally cost. This profit (not the entire proceeds
of the sale) was credited to the receipts from miscella­
neous sources. The action of the company in making
such credit has been adversely commented on, but in
view of the fact that the profit actually accrued on the
transaction, that it was not a mere marking up of

THE CHRONICLE.

214

'ralma on the book#, the only thing, it seems to us,
that can justly be said in criticism of the company's
course with regard to it, is that the accounts were
not mven with sufficient detail to make the operation ap­
parent at a glaroe. The aggregate of the miscellaneous
income was reported at #1,321,157 for 1895, against
only #755,074 for 1894, showing that the amount had
been increased in some exceptional way. But as the
aouK'ea of the miscellaneous income were not stated,
reason for the increase did not appear. We have
always found the Delaware & Hudson officials ready to
furmsh information regarding the company's affairs,
and it must also be said of them that they issue a much
fulU r report than some of the other leading anthracite
companies; still we think it would be to the advantage
o f all these companies if they made their reports more
comprehensive.
In 189C there was no exceptional item of miscella­
neous income and the aggregate of such income was
only #5G6,584, against the #1,321,157 for 1895. It is
the loss on this item that accounts for the fact that
the surplus for the stock in 1896 was only 5 per cent,
against nearly 7 per cent in 1895. In other words, on
the ordinary operations of the road the result was about
the same in the two years, 5 per cent roughly being
earned in each. In 1895 the profit on the sale o f the
Rensselaer & Saratoga stock added enough to make
the amount available for dividends nearly equal
to the 7 per cent paid. In 1896 there was no
such extraneous profit to swell the income,
and as the ordinary results showed only 5 per
cent earned^the management have decided to reduce the
dividends to that figure. Thus the action in makingthe
reduction rests on the deficiency (below the amount
needed at the old rate of 7 per cent) in this one year.
The company has in several years earned from 10 per
cent to 13 per cent, and paid only 7 per cent, carrying
the balance forward as accumulated surplus. Tuis acmulated surplus, too, at the end of 1895 (we have not
the figures for 1896) amounted to over 7 million dollars.
By drawing on such surplus the 7 per cent dividends
could of course have been continued, but the manage­
ment have chosen not to adopt that policy, and whether
their action shall prove to have been wise, or to have
been ultra conservative, only the future, as we said
in iiscussing the reduction in our issue of January
9tb, can determine.
Perhaps in view of the fact
that the company has a small floating debt, as we shall
presently show, it was best to err on the side of being
too conservative.
♦'wing to the criticisms that have been made upon
th>- propertyit will be useful to extend the analysis of
the income accounts somewhat further. A compar­
ison for a series of years reveals some strik­
ing features, and to bring these out we have prepared
several interesting tabulations going back as far as
First, we present a statement showing the
sources of the gross receipts for each rear since 1878,
as follows. Tho table is arranged so as to indicate the
revenue from coal, meaning the gross receipts from
wiles of coal; tho revenue from tho railroads, meaning
the earnings derived from the transportation of both
passengers and freight, including coal, over the lines
in the I). & II. system ; and the miscellaneous income,
meaning the revenue from other sources.
Tears.
........•9.794,477
...................

from CW.
7.402.611

1**» .................
152!
*............
18*»........... .
lIK ...........
*n.v*i49

Front llaVrrduU*Mite>11anrout.
"
*459.000*
4.n?;t.4M
44K.6W
5.40# 810
677.013
6,986.070
:4{M.W1*
•7 417.013
.696,0H2
7.199.862
818.634
J7 466.460
*847.20*

Total.
$0,072,049
12.5vf4.W0
14.929.007
16.67.9,027
17,8*2,499
W.370.021
15.260.867

f V o u L i IV.

Fi BVV
From Coal. From JUiilroa&s. Muctll'inroiu.
1886 .......
..$7,081,842 : 1 $8,239,747
$692,277
.. 0,961.163
1887.........
9.180.974
461,507 .
1 8 « .........
. .10,022.067
9,651.221
652,892
1889
....................
.. 8.652,818
9.482.975
822.91*0
18 *0..........
.. 7,810,207
10,468.074
011,068
W|......
.. H,HSfi,010
10,002.824
711,86*
.. 9,0*9. *33
' -11
10,356,443
462,765
18*3 ......
10,212,412
0,(MO,648
62 *, i68
... 7.864.162
Hm ..
0,418,093
765,074
1895.........
... 7,*09.879
10,129,082
1,821.157
1890
........................................
... 7.778,225
10,201,094
666,584

Total.
$10.013.*■>06
19.602,644
20.720,180
18,067 693
19,180,849
19,109,208
20,438.541
20,672.818
18,068,210
18,819,618
18,646,44$
• Ikwinulni; wills this your. gross receipts of the Ponuaylvunln Railroad
division were Included; previously only net receipts hsd been included.

It will bs seen from the foregoiug that as compared
with the best previous years, namely 1888, 1892, 1893,
aggregate gross receipts show a falling off of, roughly,
two million dollars. But it will also be notioed that
the whole of the loss has been in the receipts from
sales of coal. These amounted to #10,622,067 in 1888,
to #9,629,333 in 1892 and to #9,939,648 in 1893, while
the total for 1896, even after an improvement of #409,000 over 1895, was only #7,778,225. This deoline of
2 @ 3 million dollars reflects the very unsatisfactory
condition of the anthracite trade— the poor prices
received and the relatively small quantities disposed o f.
On the other hand, the earnings from the railroads
for 1896 are close up to the very best previous figures.
These earnings were #10,201,634 in 1896, against #10,212,412 for 1893, #10,356,443 for 1892, #10,062,324
for 1891 and #10,468,674 for 1890. Considering how
deeply prostrated all industrial interests were in 1896,
these large earnings from the railroad lines are quite
remarkable, and indicate how the traffic of the Une3 is
being developed in face of unfavorable conditions. If
we compare with 1879, we fiad that receipts from coal
have risen during the seventeen years only from #5,764,477 to #7,778,225, while receipts from the railroads
have risen from #3,748,503, (or if we allow for the difference in the method of computing the figures at that time
from, say, 4 f million dollars) to #10,201,634. The mis­
cellaneous receipts call for little remark. The only
deviation from the normal was in 1895, when the
profit on the Rensselaer & S aratoga sale, as already ex­
plained, increased the amount between #550,000 and
#600,000.
Esteading now these comparisons to the income
statements as a whole, the results are equally note­
worthy. Herewith we present a complete synopsis of
the income accounts for each year since 1877. We add
also figures to show the company’s tonnage in coal.
Tears.

1878. ..
1870......
188)....
1881, ...
1882.....
1388......
1884___
1885. ...
1886. ..
1887....
1888.....
1880.....
1890......
1801.....
1892......
1803.....
189*......
1805.....
1896. ..

Coal from Trans­
Interest, Surplus
Gross
Net
own
ported for Receipts. Ezpsnses. Earnings. Rentals Sc
for
Mines.
Others.
Taxes.
Stock.
Tons.
Ions.
*
$
*
t
$
........
9,5?O,80O 6,410,690 3,174.176 3,231,767
•57,591
3.054.39 3 357.6 73 9,972,040 7,455,033 2,517,010 3,147,659 * 630,043
2.674.701
872,889 12.524,540 7,913.507 4,811,042 8.259,010 1,351,423
4S0.2J5 14.029,007 0,481,729 5,447,278 3,341,813 2.102,455
3,211.408
3.003,108
51H.1M 15,573,927 10.422,324 5,151,603 3.313.402 1,838,201
3,512.972
58».ai# 17.842.40 12,456.174 5,388,325 3,390.483 1,995,842
623,697 16,370,021 11,510,871 4,829,150 3,341,050 1.488,004
3,862,670
3,815,633
704,883 15,260.86? 1O.724.0B7 4,535,9'0 3,310.564 1,186,394
3,490,727
638,071 10,013,866 11,422.851 4,501,012 3,415,620 1,175,486
4,063.586 988,701 10.602.64« 13,358,570 0,214,07* 3,303,768 2,910,306
4,412,638 1,153.933 20,729,130 14,044,710 0,884,470 3,340,330 3,341,134
8,819,015 1,030,036 18.W67.593 12,992,838 5,964,725 3,420.829 2,537,896
3,700,148 1,209,228 10,180,840 13,101.177 0,079,0; 2 3,511,333 2,568,339
8,973,286 1,629,52?! 19,109,908 13,511,776 5.597,427 3,393,378 2,204,049
4 300.862 1,823,443,20,438, b41j13,977,75? 6,460,”81 3,425,320 3,035,404
4.467,316 1.710,313 20.072,317 14,050,131 0,622,180 3,407,6 78 3,214.548
8,907.059 1,751,327 18,008.221 12.520,548 6,538,673 3,819.000 2,218,713
4,3*7,813 1.803.3U4 18,810,018 1*,370,782 6,442,833 3.078,402 2.304,394
4.223 181 1,612,490 18.518,443 13.«93.799 4,852 044 3.087.631 1,76\013

Tne feature iu the coal trail! j is tne great growth in
the tonnage transported for othors. In the coal from
its own mines, meaning the tonnage from mines
owned or leased, the increase over a period of seven­
teen years has bsen comparatively small, the total
having risen only from 3,054,390 tons to 4,223,131
tons. But in tho tonnage trinspsrted for others there
has been an increase from only 357,673 tons in 1879 to
1,6)2,490 tons-i j 1896. To » fi'-tres *.f j;r> 3 receipts

January 30, 18t>7.]

THE CHRONICLE

215

in tne table are the same as those in tne first table cording to the report for 1895 the D. & H. had,
million dollars invested in the New Y ork
above, already analyzed. It will be remembered that roughly,
the 1896 total was found to be over two million dollars & Canada. About 3 f million dollars of thi3 repre­
below the best previous amount. The 1896 aggregate sented the original cost of acquiring the road, the
of expenses, ho vever, falls only $357,000 below the other million (which has now been repaid through a,
largest previous total. This is significant as showing new bond issue) represented advances made from tim e
that, owing to the decline in rates, which makes it to time, not to meet deficiencies in revenues but for
necessary to carry an increased amount of traffic to new construction work properly and legitimately
produce a given amount of revenue, it has been found chargeable, according to the management, to capital
impossible to reduce expenses to correspond with the account. In addition to these outlays large amounts
were spent for improvements and charged to expenses.
falling off in earnings.
But the column which deserves study above all oth­ All but about 10 or 15 miles of the 113 miles of road
ers is that showing the yearly amounts of the fixed are now laid with 80 pound steel rails, and the cost o f
charges, designated “ interest, rentals and taxes.” The doing this, we are told, has been included in expenses ;
aggregate here for 1896 is only $3,087,631, against so also has the cost of ballasting the whole line and
$3,231,767 for 1878. In other words, the company’ s various other improvements.
The New York & Canada is considered the least
fixed charges now are actually smaller than they were
eighteen years ago. This is just the reverse of what valuable of the D. & H. leased lines. It3 business has
has happened in the case of other large companies. In been hurt in recent years by the construction of the
fact, in the history of our transportation interests for Mohawk & Malone and the other lines into the A dithe last twenty years no fact stands out so prominently rondacks controlled by the New York Central, and also
as the great increase which has occurred in fixed by the collapse of the iron industry in Northern New
But latterly the property has been slowly
charges everywhere. The Delaware & Hudson, then, York.
in that particular is an exception to the rule. We may recovering, the losses in the ore traffic being offset by
say, too, that the saving in the strictly fixed charges gains in the pulp and paper traffic. As a result, the
mast have been greater than the figures given indicate. loss on the operation of the road, which had been
These figures include taxes, which most assuredly were $165,281 in 1893, amounted to only $8,508 and $7,236
much heavier for 1896 than for 1879, though we are respectively in 1896 and 1895. Tue following shows
without the data to show the exact extent of the the results for each of the last seventeen calendar
years.
increase.
NET RESULT ON NEW YORK A CANADA.
The reason why the Delaware & Hudson holds this 1896..
18,508 1800..
$86,907 1884 .. ...Loss.. $70,840
18J5..
...
Loss
.
7,236 1889...
72,361 1883..
120,53 8
distinctive feature of lower charges is of course well
140,20L 1888 ... ...Profit. 92,548 1882...
1894..
51,794
known. It has pursued a policy different from all 1893..
165,281 1887...
64,168 1881... . .Profit
2,7151892.. ...Loss . 70,346 1884... ...Profit. 51,181 1880...
10,379
other large roads. It has not only not issued new 1891
..
102.992 1885...
43,571
bonds but it has retired old issues of bonds as they Net loss 17 years............................................................................ ........... $392,053
It will be observed that the net loss from operations
matured and replaced them with stock. Seventeen
years ago (that is, on December 3L 1879,) the com­ in the whole seventeen years wa3 only $392,053, and
pany’s stock was $20,000,000, the outstanding bonds this loss, a3 already stated, has been charged in its
$19,837,000 ; now the stock is $35,000,000, the bonds full amount against the income of the Delaware &
only $5,000,000. In other words the bonded debt in HudsoD, the deduction for each year having been the
the seventeen years has been reduced nearly $ 1.5,000,- amount accruing in such year. The New York &
000, the stock being increased in the same amount. Canada is only one of the leased lines. To show the
What other company in the whole land can point to record on these leased lines as a whole we give the fo l­
such a record ? Nor is this all. In the interval the lowing statement.
NET RESULT ON ALL LEASED LINES.
company has acquired control of the Rutland Railroad at 1896...
1890
$417,534 1884 ..
$174,489
1895...
1889 .. ..Profit. 107,055 1883..
1,905
a costof $1,500,000, and has also acquired considerable 1894...
1888 ......Profit. 130,111 1882 .. ...Profit.
8,465
37,622 1831..
20,182
other property.
Hence, in considering the future 1893... ...Profit. 11,414 1887
1892...
18S0
21,695 1880... ...Loss..
14,042
prospects of the company this pre-eminent fact must L891..
1885
313,330 1879... .. .Loss .. 316,000
always be borne in mind, that be the coarse of trade
Thus it will be seen that the result has varied greatly
good or bad the po3itio i of the company is unusually from year to year, 1896 showing a small loss. Bat
strong by reason of the reduced debt and fixed charges. whether there has been a loss or a gain the proper debit
Coming now to the New York & Canada affair— or credit has in each instance bsen made in the Dela­
the issue during 1896 of a million dollars of deben­ ware & Hudson income accounts. No one who took
tures as announced in the C hronicle last week— the pains to examine the D. & II. reports could be in
is there not something grotesque in the suggestions doubt as to this. More than that, President O ly­
that have been made regarding that transaction ? phant, in reply to a query from a representative
Here is a concern, as we have seen, which has steadily of this paper, is emphatic in the statement
and largely reduced its bonded indebtedcess ; it holds that all other liabilities on endorsements and guar­
its lines in Pennsylvania, known as the Pennsylvania anties, of whatever description, are treated in
Railroad division, yielding 1£ million dollars net per the same way— that is, wherever there is a loss
annum, free from debt, except so far as the $5,000,000 the amount is charged against D. & H. income.
D. & II. bonds still outstanding are a lien on it. We may note, too, that the D. & H. has for a long
Yet we are asked to believe that this comp my so situ­ time had what might not improperly be termed an
ated has been castiag about for soma plausible way of audit of its accounts, the auditors being a committee
putting out new bonds, and finding nothing else avail­ from the board of directors. We do not know who
able has hit upon the expedient of capitalizing de­ will examine the accounts this time, but in the
ficiencies in revenue.
previous two years the committee was composed o f
Still, now that such prominence has been given to Alexander E. Orr, Jas. R. Taylor and J. A. Roosevelt,
the matter, it is beat that it should be explained. A c­ and in the three years before that the committee

216

THE CHRONICLE.

consisted of R . 8. G/ant, Win. EL Tillinghast and A.
Van Santvoord.
It may bo asked why, if the D. & II. required the
money, as it certainly did, the company did not
issue its o*rn bonds instead of those of the N. Y . &
Canada. Tne answer no doubt is that with the D. &
H ., as with all concerns, it is deemed best and proper
that each separate property should bear its own bur­
dens- Besides this, the amount owing the D. & H.
haring reached over a million dollars, it was, we pre­
sume, thought fitting that a settlement should be
made. During 1896 the Delaware & Hudson had
greater need than usual for money. The reduced de­
mand for coni left all the anthracite carriers with en­
larged supplies of that product, and hence added
greatly to the aggregate of advances required
on coal. This was shown very strikingly in the report
recently issued by the Lehigh Valley and is again
shown in the report of the Lickiwanna issued yester­
day. The building of 27 miles of double track on
the Albany & Susquehanna also called for funds which
the D. & H. had to meet. Besides this the fact that
dividends were 7 per cent, while current revenues
equaled only 5 per cent, made a draft on cash to
the extent of $700,000. Dividends are always based on
the earnings of the previous year, but necessarily they
come out of the cash of the current year.
In these and other ways the company had accumulated
a floating debt at one ti me during the year of $2,298,500.
The sale of the $1,000,000 New York & Canada deben­
tures at par has reduced the sum to about $1,300,000,and
this is the am mnt of loans now outstanding. Of course
for a company of the size and standing of the D. & H.
that is really an insignificant sum, Five years ago,
when 7 per cent dividends were regularly paid, the
company reported $1,200,000 of loans payable, but
these were all paid oil before the end of the next year.
It is sometimes claimed that provision should be
made in the income accounts for the ultimate ex­
haustion of the company’ s mines. Possibly there will
be need for something of this kind hereafter. So far
as the.past is concerned, the managers have done what
is equivalent to the same thing in the accumulation of
a large surplus, which it now appears is not to be used
to maintain the old rate of dividends. Besides, the coal
lands stand on the books at a very low figure, and it is
estimated that the present rate of production can be
maintained for from sixty to seventy years. Taking
the investment in the Northern Coal Company, the
expenditures for mine improvements and fixtures, and
$1,700,000 for real estate owned iu connection with
the mice?, the value of the mines on the bsoks figures
out only about 11 million dollars. Tue actual present
value o f , the] minea is estimated at from 25 to 30
million dollars.

TUE L i TE YEA R’S IRON PROD UOTION.
The statistics of iron production for the late cal­
endar year which Mr. James M. Swank, of the Iron &
Steel Association, has prepared with so much prompt­
ness reveai results that will no doubt appear somswhat
surprising, Mr, -Svank finds that our iron producers
ma le no 1*ss thin 8,623,127 toasof pig iron during
1896. Taisia only 823,18 L tons less than the unprece­
dented output for 1835, and here have been but two
other years (besides 1893) i i the wnole history of the
country *nen the production was larger thai that now
reported for 1896.

[VOL. LXIV,

The British statistics have not yet been compiled, and
the output of the United Kingdom will not be known
for some time. The indications point, however, to a
yield very close to that for the United States— possi­
bly a little larger, possibly a little sniller. But it i3
to be remembered that i i Great B-itaiu the year was
one of considerable buoyancy, both in tne internal and
the external trade. In the United States, on the other
hand, the year marked a period of great dep-as no a.
Tt is a striking commentary on the growth and expan­
sion which the iron industry has attained in recent
times that in a year of exceedingly unfavorable condi­
tions, as far as general business is concerned, we should
have turned out as much iron as did Great Britain in
a year of very favorable conditions.
We have said that the product was only 823,181 tons
less than that for 1895. But that hardly gives an idea
of the intense depression through which the iron in ­
dustry passed during the twelve months. Is will bo
remembered that in 1895, as the result of the revival
in trade which followed the contract with the MorganBalmont Syndicate, an old fashioned boom developed
in the iron trade. According to the monthly record
kept by the “ Iron Age,” this culminated on Nov. 1
of that year, when the weekly product reached the
unprecedented figure of 217,306 tons. After that a
steady decline set in, which continued almost without
interruption for a period of eleven months. Up to July 1
the contraction was comparatively small, the weekly
capacity at that date being estimated at 180,532 tons,
against the 217,306 tons for the previous November.
With the nomination of Bryan in July the shrinkage
assumed very large proportions, and on October 1 1896
the capacity of the active furnaces was estimated at
only 112,782 tons per week against the 217,306 tons
the previous November. To see the extent of the
change, therefore, we must compare the results by
half-years. The following shows the output for each
six months of the last twelve years.
PRODUCTION OF PIO IRON IN iIiI.b--I Ej.RLT PERIODS.
Gi-oss Tons.
Gross Tons.
1st half...........1,920,371
1891- ■1 st half...................3,368,107
2d h a lf...................2,124,154
2d h a lf.................4,911,763
1886—
1st half...........2,537,682 1892— 1st h a lf............... 4,760,683
2d h a l f .................3,045,612
2d half ................. 4,387,317
1887 1st h a lf..................3,040,294 1893— 1st h a lf...............4,562,918
2d h a l f .................3,387,854
2d h a lf.................. 2,361,584
1888—
1st half ......... 3,020,092 1894— 1st h a lf...............2,717,983
2d h a lf.................. 3,469,646
2d h a lf...................3,939,105
1889—
1st half....... 3,661,803 1895— 1st h alf............... 4,087,558
2d hall' .................3,942,039
2d h i l t . ................5,353,750
1890—
1st half............1,560,513 1 8 9 8 -1 s t half. ........... 4,076,236
2d half...................4,642,190
2d half....... ......... 3,646,891
1885—

It is the figures for the last three half-years chiefly
that merit attention. In the six mintns to December
31 1895 we produced 5,358,750 tins of the metal, in
the six months to June 30 1896 our output was
4,976,236 tons, aud in the following six mcaths we
made only 3,646,891 tons. Io brief, in the last half of
1896 our product was at the rate of only about 7 i
million tons per annum, in the last half of 1895 it had
been at the rate of nearly 10J million tons per year.
The depression which existed is also shown in the
changes in stocks which occurred. During the calendar
year 1895 the total of stocks not in makers hands
intended for their own use diminished from 661,328
to 506,132 tons.
O i the other hind in 1896
there was an increase from 506,132 tons to 847,686.
Some of the stocks hell represent purchases made in a
speculative way— that is, not for use, but for the purpise of making a profit out of an expected rise
in the price of the commidity. The American
Pig Iron Storage Warrant O mpany reported Decem­
ber 31 1896 200,700 tons of pig iron in its warrant
yards, this including 64,663 tons still controlled by the

THE CHRONICLE.

J ajtcabt 30, 1897.]

makers. Allowing for the changes in stocks, the
following furnishes a comparison as to the amount of
iron presumably consumed in the different years. We
add a line to show the imports—not merely of the pig
metal but of all kinds of iron and steel.
IRON PRODUCTION, STOCKS. IMPORTS, AC.
1891.
1892.
1893.
1895. ' 1894.
Tbns of 2,240 Pounds. 1890.
627,233 601,858
St’kof pig beg. of yr.* 500,132 801,328 707,318 536,016
Product’ll dur’g year. 8,023,127 9,440,308 0,057,388 7,124,502 9,157,000 8,279,870
Total supply......... 9,129,259 10,107,036 7,304,7U0 7,060,118 9,781,233 8,941,728
707,318 535,016 027,233
Stock end of year*... 847,086 600,132 601,328
Consump. of home pig 8.281,573 9,601,5 >4 0,703.378 0,952,800 9,248,617 8,314,495
494,468 657,882
438,495
Imp’ts of iron & steel. +300,000 378.208 300,249
Tot. consump.. tons 8,581,573 9,P79,712 7,012.627 7,391,205 9,743,085 8,872,377
• Including 36,200 tons net held in the warrant yards of the American Pig
Iron Storage Warrant Company Dec. 31,1889, not under the control of makers;
62,937 tons Dec. 31,1890 ; 30,900 tons Dec. 31, 1891; 29,500 tons Dec. 31, 1892;
46,260 tons Dee. 31, 1893; 63,640 tons Dec. 31, 1894; 61,800 tons Dec. 31, 1895
and 188,037 tons December 31,1896.
+ Partly estimated

Thus the consumption in 1896 was only 8,581,573
tons, agaiDst 9,979,712 tons in 1895, but against
7,012,627 tons in 1891 and 7,391,295 tons in 1893. It
is interesting to see bow the make of iron is distributed
according to the kinds of fuel used in its manufacture.
It appears that during the twelve months of 1896 we
actually made more charcoal pig than during the
twelve months of 1895, the figures being 310,24-1 tons,
against 225,341 tons in 1895. The iron made with
anthracite or with mixed anthracite and coke aggre­
gated a little less than in 1895, namely 1,146,412
tons, against 1,270,899, while the bulk of the loss o c ­
curred in the iron made with bituminous coal, of which
the output was 7,166,471 tons, against 7,950,068 tons.
Here is a table going back to 1891.
PRODUCTION OP IRON ACCORDING TO FURL C8ED.
Tons of 2,240 lbs.

1890.

1895.

1891.

1893.

1892.

1891.

Bituminous......... ..
7,100,171 7,950,00? 5.520,224 5,390,181 0.822,206 5,830,748
1.500.281
Mixed anthr. A coke ? 1,110,112 1,270,899
911,712 ( li 97,040 1,608,093
> 40,888 229.020 305,827
Anthracite alone__ ’
222,422
Charcoal....... ............. 310,244 225.841
380,78V 537,621 570.904
Total..................... 8,023.127 9,446,308 0.057,388 7,124.602 9.167.00* 0,279.8 0

217

1895, 1,268,425 tons for 1894, 1,567,299 tons for 1893
and 1,890,167 tons for 1892. The latter is the only
year able to show a heavier product for these Southern
States than 1896, and the difference in its favor, it
will be observed, is very small. Outside the South
the losses appear to have fallen mainly on Pennsylva­
nia, Ohio and Illinois.
It is hardly necessary to say that prices were unsatis­
factory. The tendency was downwards except for a
time towards the end of the year on an expected r e ­
vival owing to the election. A feature in the closing
months wa3 the breaking up of a number of combina­
tions in the trade which had previously held up prices.
The following gives the yearly average prices for a
number of leading articles of iron and steel.
AVERAGE YEARLY PRICKS OF IRON AND STEEL, 1889 TO 1896.
1890. 1895. 1894. 1893. 1892. 1891. 1890. 1889
Articled—
$
9
1
$
$
$
$ 9
Old Iron T rails at Phila. .ton.14 17 14 09 11 95 16 43 19 48 22 05 25 18 24 19
No. 1 anth.fdy.pig at Phil. " 12 95
1310 12 00 14 52 15 75 17 52 1810 17 75
Gray forge pig iron atPhil. “ 1109
1149 10 73 12 73 13 54 14 52 15 82 15 48
Gray forge pig iron. Lake
ore, at Pittsburg.......... “ 10 39 10 94
9 75 11 77 12 81 14 00 15 78 15 37
Bessem'r pig iron at Pitts. " 12 14
12 72 1138 1287 14 37 15 95 1885 18 00
Steel rails at mills in Pa.. '* 28 00
24 41 24 00 28 12 30 00 29 92 3175 29 2
StTbillets at mills at Pitts. ** 18 83
18 49 10 58 20 44 23 03 25 32 30 32 29 45
Best refined bar iron from
store at Phila............ 100 Ibs.l 40
1 44 1 34 1 70
1 87 1 90 2 05 1 04
All muok bar iron at Pitts. “ 121
125 120 150
164 171 185 171

Thus the average price in 1896 was lower than in
1895 in all but three cases, two of these exceptions
being steel billets and steel rails. But with the col­
lapse of the steel combination, billets sold in December
as low as $16 00 per ton at the mills at Pittsburg, and
the price of steel rails was in December reduced from
$28 00 per ton to $25 00, the reduction to apply only
on deliveries during 1897. At the beginning of 1897
iron and steel prices in nearly all lines were about as
low as at any time during the existing period of de­
pression.

TH E CROPS O P 1896.
The estimates of the country's crops the late year
by the Agricultural Bureau at Washington have this
time been very much delayed, the figures having made
their appearance only on Monday of this week. These
final totals, however, do not make any very essential
changes from the results reached last October and N o­
vember, based on the averages of yield per acre
reported at that time. Taking the three leading
oereals, the totals are in each case a little larger than
the early approximations— wheat being estimated
at 427 million bushels against 412 -million bushels,
corn 2,283 millions against 2,211 millions and oats
707 millions against 670 millions.
As already stated, these variations are not very im­
PRODUCTION OP PIG IRON BT STATE*.
portant,
and substantially the figures confirm the
Tons of 2,240 180O.
1895.
1894.
1892.
1893.
1891.
1800.
Pounds.
previously accepted estimates. The year, it is evident,
So. States— Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
was a very good one in point of yield. The corn crop,
Alabama..... 022.170 854,007 692,392 726,*88
015.296 785,073 810,911
Virglnla...... Jt80.277 310,589 298,0*0 302,850 342,847 295,202 292,770 at 2,283 million bushels, exceeds by 132 million bush­
Tennessee .. 248,338 248.1m0 212,773
207,616 300,081 291,738 267,626
W. Virginia.. 108.600 141.908 80,781
81.591
154,793 86,283 129,437 els the unprecedented crop of the previous year; the
Kentucky....
70,000 03.780
33.854
47,501
47,801 oats crop
60,648 44,844
falls 117 million bushels below that
Georgia.......
16,593 31,034
40,208
30,076
9.050
48,858 29.185
1895, but is yet very large at 707 mil­
Maryland—
10,016
79,472
6,000
161,773
00,131 123,398 147,820 for
Texas..........
4,082
1,221
18,062
9.701
4,671
0.257
8,613
bushels, and the wheat crop at 427 mil­
N. Carolina..
323
2.151
2,810 lion
2,843
3,217
2,908
..........
Total......... 1.834,451 1.702,088 1,208,426 1,607,299 1,890,167 1,708,906j1,744,160 lion bushels compares with 467 million bushels for
In the aggregate of the three crops the
Pennaylv’nla 4,024,106 4,701,103 3,370,162 3,043,022 4,193,806 3,952,38-14,415.328 1895.
Ohio............ 1,190,320 1,403,789 900,020 876,205 1,221,913 1,035.013 1,240,330
yield
does
not differ very greatly from that for 1895,
New York ... 200,076 181,702 175,185
191,115 310,395 315,112 329.805
New Jersey.. 69,103
65,602
92,490 158,739 the total being 3,418 million bushels, against 3,442
03,273
74,305
87,976
Illinois........ 925,239 1,005,091 004,795
405.261
940,450 000,202 701.106
In 1894 the total had been only 2,335
Michigan.... 149.511 91,222
96,171
117.538
184,421 213.146 230,709 million bushels.
Wisoonatn .. 158,484 148,400 01,595
131,772
174,001 197,100 219,854 million bushels, in 1893 2,654 million bushels and in
Missouri.....
12,5-48 27,518
0,522
82,300
89,777
67,020
29.229
All others ...
67.104
68.833
82,241
80,505
These comparisons show
86,893
07,107 72,834 1892 2,805 million bushels.
Grand total 8,023,127 9,440.308 0.057,888 7,124,6^*2 0,167,000 8.279.870 0,202,703 how very much better the harvests have been the last
Taking all the Southern States together, the output two years than in the years immediately preceding.
was 1,834,451 tons for 1896, against 1,702,088 tons for Here is a comparison of the three crops for five years.
Great interest attaches to the results for tne Soutnern Siates, where iron is made so cheaply that it has
been found possible to ship it to Europe in competi­
tion with the iron of Great Britain and other coun­
tries, several shipments of that kind having been re­
ported. We give a statement below comparing the
product for all the leading States.
It will be
seen that Alabama in 1896 actually turned out
more metal than in any previous year, her prod­
uct having been 922,170 tons. Virginia made 386,277 tons, which also is in excess of any previous year.
Kentucky likewise excelled its own best record,
though the State's aggregate is not yet large, being
70,660 tons.

THE CHRONICLE

*218
c*or» o r v i u n corn and oat».
rtf*i

ItaeWa.
C o m ................

Wheat
Oat*................

law.

i tm .

tm

(Y7.64M IT

18M.

BusksJ*.
Bushels.
HrnsMs.
I.ti 4. 770 ,05 * l.fltP.twMUi
467.ifeft.9i? 460.2*7,410 8M.I31.735
6 9I.H5I.H50
•uM tivr

1899.
H ushels.

.

5l5.WiM.000
001,015,000

i.n s .is t.w 8.054.4*2.7* 8.803.448.000

Total*.

The wheat crop at 427 million bushels must be
.onsidered below the average. The loss of 40 million
bushels as compartd with 1895, has been chiefly in the
apriog wheat States of the Northwest, where the
yield the previous year had bieu of really phenomenal
proportions. T qub in Minnesota the 1896 product ia
estimated at only 46 million bushels, sgainst 65
million bushels in 1895, and the product of North Da­
kota is placed at lees than 30 million bushels against
61 million bushele. The decrease in these two States
alone, it will be observed, reaches 50 million bushels,
and this decrease has been the cause for some very
heavy losses in earnings by the railroads in that part
o f the country. Tne winter-wheat yield has not been
large, though a few million bushels better on the whole
than that for 1895. Ohio, however, which is a winterwheat State, had one of the smallest crops of wheat in
its history—namely, only 21,800,000 bushels. Below
we give the product in the leading producing States
for five years.
WHEAT CHOP FOR FIVE TEARS.
IThin!.

Ohio. .. ............ ....... ..
Indiana ................ . ..
Minnesota. .............. ..
Kama.*................
..1
OUMonjU. ............... ..
nil non..................... ..
North Dakota.......... .
Sooth Dakota......... ..
Mlaaoart........... ........
Michigan................ .
Pennsylvania-----.... .
Oregon*... ... . .... ... .
WiAoomln.................
Nebraska...................
Washington............ J
Iowa...—.................. .

Pro­
duction,
1990.

Pro­
duction,
1593.

Pro­
duction,
1891.

Pro­
duction.
1893.

Bushels.
81.900,01*
20*47.440
40.599.001
80.791.462
45.097.19i
28.008,110
89,949,501
27,653.450
16,594,47.1
15,719.898
17,737.?80
10,247.141
0.893.930
19,890.002
8,358,192
11.478.162

Bushels.
32.215.67W
20.291.492
05.5S4.155
22.919.606
40,097,798
19,060,712
61,057,710
29.261,' 88
1“,499,90s
16,237,803
20,450.429
11,808,720
8,610,218
14,787,024
7.1BS.B62
13,054,778

Bushels.
48,444.471
43.6U.004
37.752.453
35.315.259
30.376,705
33 312,370
33,635,900
15.934,255
23,353,920
20.282,05b
18,848.700
10.441,071
9,3156.170
8.754.900
9.108,420
10,737,400

Bushels.
38,91*.608
35,579.404
30.094.685
23.251.973
34.852,517
15.507.313
26.438.268
20.521,389
15.2S7.552
19,920,714
18.351.508
10,790,885
8,664,485
10.H87.H89
0333.725
6,748,221

Pro­
duction,
1894.

In the case of oats the result has varied greatly in
the different States. Iowa is the State which raises
more oats than any other, and that State accounts for
the bulk of the falling off in total yield as compared
with the previous, year— that is to say, the Iowa crop
in 1896 is estimated at only 105 million bushels,
against 182 million bushels in 1895, which latter, how­
ever, had been extraordinarily large. Here is a state­
ment of tho oats production in the principal States for
each of the last five years.
OATS CROP FOR FITE TEARS.
Prod action,
1600.

UlieaU........................
Iowa............................
Jftaaaaou.. ................
W!«eon«lB . ... ..... ...
Ohio.............................
Mtaaourf....................
P#nn«rlT*ni». ....... .
Michigan .............. ...
Nebraska......................
Io4lan%North Dakota..............
tooth Dakota..........

..... ..

Total.. ...........
All others..................
.......

Pro­
duction,
1093.

Pro­
duction,
1391.

Pro­
duction,
1893.

Pro­
duction,
1892.

Bushels.
Bushels.
Hl.Ml.B5J 73.707.110
IOC.5,1 .Nfifi 183.947,388
50.740.830 77.W95.084
06,257,003 63.030.909
50,80*769
3i.5Aj.63W 81,404.494
li.W0.490 80,547,499
80.0W.WI 80,630.311
49.9iO.OM
30.079,840 M.805.192
34.092,431 89.WU.696
34.4J3.tn I M S H i
11<838,700 18,067.914
17.957,415 10,154,774
11,008,880 14.500.17*

BiuluU.
Bushels.
Bushels.
10B.Oeo.90J 83.842.178 75.063.000
»eAM.S-2
41,568,194 43.573.000
57.870,014 40,680.260 50.072.000
29.195.202 44.0B4.000
2W.143.23? 27,235.780 28,304,000
29,034,239 21,093,000
80.220,741 80,601,098 21*.004,000
30.208.738 38.729.000
81.429,674 23,177,128 27.809.000
m u j — 43.131.000
83.S0B.0W 32.092,170 29.175.000
14.»4.fl*7 10,762.090 12.510.000
fi.BBJ.B7J 10.400.018 18.472.000
90.ow.ni. 14,770,923 15.177.000
*1UNQ0M 71l.fSS.0t9) 971.SHl.fit7
574.207,000
92.412,562 Ul.OW.ftl8 B0.S0j.411 103,“0H.0:» 86.703.000
a ..:a |,..»lll

The corn crop is of unprecedented dimensions, and
the effect of two such large crops in succession on the
general situation can hardly be over-estimated. The
aggregate production for the two years has been but
little less than 4,500 million bushels. In nearly all
the leading States we are dealing with figures of great
magnitude, and it is hardly worth while to mention
each State specifically therefore. A. few illustrations
will Berve to show how striking the improvement
has been. Thus in Iowa the crop is 321 million
bushels, against 298 million bushels in 1895, and but
81 million bushels in 1894, and in Nebraska the
yield is 298 million bushels against 125 million
bushels in 1895 and but 14 million bushels in
1894. On the other hand, in parts of the South
and S mthwest the harvest in 1896 was poor; Texas has
a yield of but 32 million bushels, against 107 million
bushels in 1895 and 69 million bushels in 1894, and
Arkansas has a crop of but 29 millions against 50
millions and 38 millions respectively in 1895 and 1894
CORN CROP FOR FIVE TEARS.

Com.

Iowa...............
Illinois............
Kansas............
Missouri.........
Nebraska........
Indiana...........
Ohio..............
Term..............
Tennessee......
Kentucky.......
Pennsylvania..
Arkansas.......
Wisconsin......

Production.
1890.

ProAuction,
1895.

ProAuction,
1894.

Bushels.
321.719,511
9S4,67S,?64
247.734,001
170,768,041
293.59!>,G33
133.4H8.205
123,091,957
32,228,017
71,893,440
80,932,348
52,475,000
29,72 *,854
38.890.071

Bushels.
293.502.050
255,130,554
204.759.740
238.072.248
125.085,009
121.435,768
92,783.188
107,905.505
83,133,025
93.939,331
43.512.081
59.359,558
33,093,407

Bushels.
81,344,010
109,121.491
41,797,723
110,011.054
13,855.524
00.888.377
71,973.787
09,338,670
68,000,316
07,892.297
40,749,370
33,437.824
10,292,30*

ProAuction.
1893.
Bushels.
231,832,150
100,530,470
130,450,702
158,197,715
157,278.895
85,308,782
64,487,260
01,170.965
03.049.081
03.008,000
31,198,741
32,110,814
23,958,243

ProAuction,
1892.
Bushels.
200,221,000
105,327,000
145.825,000
152,439,000
157.145.000
103.334,000
83.853.000
73,642,000
01,274,000
68,805,000
30.032.000
34,344,000
27,347,000

Bushels.
38.022.000
39,885.000
41,210,000
70,831,000
39.157,000
34.44fli974
35.950,090
18,933,232
25,103,572 24,192,000
28.370,000 Minnesota......
31,998.000
Total............ 1.907.187,059 1,817,875.810 932.453,955 1,349,100,574 1.800,643,000
31,767,000 All others...... 310,698,107 833,262,770 280,816,097 270,335,557 207,816,000
24,834.000
Total U. 8...... 2,293,876.165 2.151,138.580 1,212,770.05k 1,019,490,131 1,628.464,000
23,854,000
19,331,000
Besides the large cereal crops, the cotton crop was a
9.779,000
8,814,000 great improvement on that of the previous year,
15,070,000
9,005,000 though we do not attempt to make an estimate of our
7,257,000 own of the amount of the increase.
The following

T otal-................ . 35“.457,95fi 400,801,992 389.258,122 328,005.079 444,784,1100
All other*—............. . 89,280,908 60,300,956 71,009,294 70.033,040 73,1*5,000
ToUi ColUd Slate... .487.684.317 467,102.9471 460.287,4 IH396.131,725 515,949.000

om .

IVOL. LX1V,

»'.J.'r<l.u<- Q f..-5|,svi o p ,033,1100

carries th» comparison on the leading crop3 back
to 1879.
CROPS OF WHEAT, CORN. OATS AND COTTON SINCE 1878.
Tear.
1879 (Census)
1880
.....
1881................
1882................
1883................
1881...............
1885................
1880...............
1887
.....
1888
.....
1889
....
1890
....
1891
.....
1892
.....
1893
.....
1894
....
1895
.....

1896

...

Wheat.

Corn.

Oats.

Bush.

Bush.
1,754.591,676
1,717,434,543
1.194.916.000
1,617,025,100
1,551,066,895
1.795.528.000
1.936.176.000
1.665.441.000
1.456.101.000
1.987.790.000
2.112.892.000
1.489.970.000
2,000,154,000
1.028.464.000
1,619,496,131
1.212,770,052
2,151,138,580
2,283,875,165

Bush.
407,858,999
417,885,380
416.481.000
488,250,610
571,302,400
583.628.000
629.409.000
624.134.000
659.618.000
701.735.000
751.515.000
523.621.000
738.394.000
661.035.000
638,854,850
662,086,928
824,443,537
707.346,404

459,483,137
498,549,808
383,280,090
501,185,470
421,086,160
512.765.000
357.112.000
457.218.000
456.329.000
415.808.000
490.560.000
399.262.000
611.780.000
515.949.000
390,131,725
460,267,416
467,102,947
427,684,347

Cotton.
5,757,397
6,589,329
5,435,845
6,992,234
5,714,052
5,669,021
6,550,215
6,513,623
7.017.707
6,935,082
7,313,726
8,655,618
9.038.707
6,717,142
7,527,211
9,892,766
7,162,473
*8,250,710

• Indicated yield acoording to Agricultural Department's figures
Issued December 10.

With regard to prices, we noted in reviewing the
harvest of 1895 that the situation had been very
unsatisfactory in that respect as to all cereals, the
prices being tho lowest in years. The same remark,
emphasized, applies to 1896 with one exception,
namely wheat, where there has been a striking
advance under the crop shortage in the other
leading producing
countries— India,
Australia,
Russia,
Argentina, etc.
In
India an actual
famine, as is known, developed and instead of that
country being able to export wheat, the unusual
occurrence was noted ofj purchases in this coun-

THE CHRONICLE.

J anuary 30, 18»7.j

try for Iuilia account. The average cf farm prices
for wheat over the whole country is reported
by the Agricultual Bureau at 72-6 cents for 1896,
against only 50-9 cents for 1895, a large and very wel­
come addition. Tne averages on the other crops, how­
ever, are all lower, as will appear by the following:
i V E r t i O E P R iC E S R E C E IV E D B Y F A R M E R S AN D P L A N T E R S .

1896.
Wheat, per bushel .
Rye, per bushel- —
Oats, per bushel—
Barley, per bushel..
Corn, per bushel —
Cotton, per pound..

1895.
Cents.
50-9
44*0
19*6
33*7
26*4
7-59

1894.

1893.

1892.

1891.

Cents.
49*1
50*1
32*4
44-2
45*7
4*6

Cents.
53-8
51-3
29*4
40-6
36-5
6-99

Cents.
62-4
54*8
31*7
47*2
39*4
8-4

Cents.
83-9
77*4
315
54*0
40*6
7*3

Stoo.t Exchange Clearing -H ouse T eansactions .—The
subjoined statement includes the transactions of the Sto< k
Exchange Clearing-House from January 18 down to and in­
cluding Friday, January 29; also the aggregates for Jan­
uary in 1897, 1896 and 1895.
®TOOK BXOBANOB clearing HOD8B transactions .
—-Shares, both sides.—*. ---------- Balances, one side-------- . Sheen
Shares. Value Shares. Cash. Cleared
Cleared, Total Value.
IS93—
*
63.700,000 1,483.100 0,4 34
January.. 13.593,600 896,200,000 1.091.000

January.. 15.298.500

1897_

961,700,000

January... 12.000.700 778,000.000
r—iShares, both, sides —*
Cleared. Total Value.
1897—
*
Jan. 18..1,178,400 97,903,000
“ 19.-1,158,600 74,330,000
w 2 0 .. 782,800 53,900,000
“ 2 1 .. 590.500 39,500,000
*• 2 2 .. 606,600 39,900,000

1.614.200

88,400,000

1,445.000

0.87a

1,425,500
74.VK)0,000 1,068,900 6.900
---------Balances, one side.------- » Sheets
Shares. Value Shares. Cash.Cleared
$
$
176.200 9,500,000 212,700
353
150.000 8,000,000 v-5,900
345
97,400
5,700,000 74,000
316
68,200
3,700,00o 32,000
290
73,700
4,100,000 4 5,300
306

Tot. wk. 4,817,100 305,503.000 565,500 31,000,000 459,900 1.610
Wfclastyr3,056.500 203,200.000 304,800 17,200,000 274,300 1,522
323
86.000 4,700,000 68.700
Jaa. 2 5 .. 807,200 53,200,000
57,100 3,4U0,U00 43.700
287
“ 2 6 .. 518,800 38,000,000
256
4‘?,200 2.500.000 29,000
14 2 7 .. 334,200 23,400,000
262
48,800 2.800.000 28.900
44 28 . 394,700 27,100,000
256
36.700 i2.10c,000 24,200
44 2 9 .. 323,400 22,800,000
Tot. wk..2.378,300 164,500,000
Wklaatyr3,929.900 251,000,000

270,800 15,500,000 194.500
422,500 22,900.000 321,000

1,384
1,630

The stocks cleared now are American Cotton Oil common,
American Sugar common, American Tobacco common, Atch­
ison, Central of N. J.. Chesapeake & Ohio, Chicago Burlington
& Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com­
mon,Chicago & North Western common, Chicago Rock Island
& Pacific, Delaware & Hudson, Delaware Lackawanna &
Western, Distilling & Cattle Feeding, General Electric, Lake
Shore & Michigan Southern, Louisville & Nashville, Manhat­
tan, Missouri Kansas & Texas preferred, Missouri Pacific, New
York Central, New York Lake Erie & Western, New York &
New England, New York Ontario & Western, New York Sus­
quehanna & Western preferred, Northern Pacific preferred,
National Lead common, Philadelphia & Reading, Southern
Railway common & preferred, Tennessee Coal & Iron, Texas
& Pacific, Union Pacific, United States Leather common and
preferred. United States Rubber common, Wabash common
and preferred, Western Union and Wheeling & Lake Erie
common.

[From our own correspondent.]
L ondon. S aturday , January 16tb, 1897.
The announcement that the expected Treaty of General
Arbitration between this country and the United States was
signed at Washington at the beginning of the week has had
surprisingly little influence upon markets. People here had
made up their minds long ago that a war between the United
States and the United Kingdom would be a crime, and con­
sequently was impossible. They look upon the treaty, there­
fore, rather as an official confirmation of their opinions than
as in any way altering the actual state of things.
The appointment of a new Russian Finance Minister in the
place of Lobanof has also had little influence. The truth is
that people in this country know too little of the new minis­
ter to form any kind of opinion as to how he will be likely to
affect the policy of Russia, and therefore they take it as a
mere piece of news without any special significance. In
Germany the appointment is not altogether liked.
It is
warmly approved in France.
What has chiefly influenced the market at home and
abroad is the long delay in effecting any kind of arrangement
at Constantinople. For months past it has been stated semi­
officially and officially in almost every capital of Europe that
the Powers were agreed and that a settlement would be made,
but we 3eem to be as far off from an arrangement as ever,

2L9

and people axe asking if nothing is done what will happen ?
The new financial control is not taken very seriously. The
delay of Spaiu, also, in arranging the Caban difficulty is act­
ing as a deterrent on the Stock Exchange, People had hoped
that the good sense of the Spanish Government, the influence
of the Powers, especially of Great Britain and France, and
the example set by our own country in Venezuela, would all
induce Spain to agree with the United States; but still nothing
seems to be done. As a result there is a general unwilling­
ness to engage in new risks. At the very beginning of the
year the impression was general in the city that we should
very soon witness an awakening of interest on all the stock
markets. There is no sign of anything of the kind. The
public is keeping aloof just as it has been doing for months
past.
The loans due from the outside market to the Bank ot E n g­
land have nearly all been paid off, yet the market is well sup­
plied and rates are easy. In the open market, three-months'
bank bills are taken at a trifle under 3 per cent and short
loans are made at from 3 to
per cent; yet there is an im­
pression that this state of things will not last. Firstly, be­
cause there is strong demand for gold in the open market fox
Russia and Japan, which prevents much of the metal from
going into the Bank of England; secondly, because the rail­
way dividends are now beginning to be paid, and that meansaccumulation of funds in the banks just before each import­
ant dividend is distributed, and consequently an uncomforta
ble shifting of money from house to house; and, thirdly, be­
cause in February the collection of the revenue is on an ex­
ceptionally large scale, transferring immense sums from the
open market to the Bank of England.
The silver market is very quiet, aud there is yet no very
great demand for India Council drafts. The transfer of two
crores of rupees from the Indian note reserve to the Treasury
balances has enabled the India Council to raise the amount
of bills and transfer offered for tender from 30 lacs a few
weeks ago to 50 lacs next Wednesday, but the offer is greatly
in excess of the de nand. Last Wednesday, for example, 40
lacs were offered and less than 28 lacs were bought. Partly
this is due to the fact that the exchange banks had already
supplied themselves largely with exchange and partly to
their feeling that they can have exchange when they require
it. The Indian money market is less stringent this week, but
the cause unfortunately is a check to trade owing to the ex­
treme stringency for weeks pastand to the plague in Bombay ..
The panic among the natives in that city is terrible. Im ­
mense numbers of the work people are leaving the city, and
practically the import business has stoppsd. The plague hasnow broken out in Kurrachee, where it is reported to be ae
deadly as in Bombay.
As stated above, there is little doing in any department of
the Stock Exchange. Trade proper is decidedly good, and
the indications point to further improvement; but invest­
ment is not going on upon aB large a scale as usual at this
time of the year, and there is practically no speculation. In
the American department the public holds aloof; perhaps
they are disappointed because there has not been a magical
recovery on the defeat of Mr. Bryan. No doubt, when suffi­
cient time has passed to allow lor an increase in the railway
traffics and a general improvement in business, people w ill
take a more reasonable view and investment will take plaoe
once more, but just now there certainly is no inclination to
buy. In almost every department the same thing is to be ob­
served. One exception has been presented by the Argentin emarket, which has been very strong. The latest news from
Argentina, however, is unfavorable. It is stated that the
harvest which is just now being gathered in is turning out
much worse than had been anticipated, and that there will
be very little wheat for export and still less maize. Upon th e
Continental bourses prices are well maintained, but there is
little doing, and the South African department is negleote d
everywhere.
The dividends of English railway companies are now being
declared. The two earliest of them have given much disap­
pointment, The weekly traffic returns showed large in­
creases, and it was hoped that there would be a marked aug­
mentation in the dividends. It now turns out that the work"
ing expenses were heavier than any one expected, and the
dividends in consequence are actually lower than those of 13
months ago. The Brighton was only 8 per cent against 8}£,
and the Shieffield only
against V;±. Since then, however,

THK CHRONICLE.

2 2 (>

the Gnat I
has armour csd a dividend of J-j percent
ag&it -* 4 ;* r cxr.t, at 4 Iho boutb Eastern of 6 - per c* nt

twso xr-: am*ourceosentf bus hr* ti recovered.

LONDON,

Tin* rate* for money have been its follows:

iBlrrwt oUouMd

0p&. Mirk.! MMe*.
j Wise

sh

m
m
SH
m

| m
t

1

Mec’t kS §#

Stock -if 7to i*
Three Tour | SI*
Mimtht Month* jMumlhe SkmkM. Call. Day*

3

l* € 9K. u
Hi i <
i
a.
411 I
» # m -1*44 m i
tU:
|S4

for tiepotfl* H

7r*4§ MU*.

£*mk Bm*

I
fk*
**
**
Ja&L
*

$h
SH

SH
SH

3

j »*»
| 3H
1.

s<4

sq

n
SR
SH SR
SH 2R
2h m

SH
m
t4

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of oonsols, &o.,
compared with the last three years:

|*U5.
Mm. in.
£
•M.OliMS
OmmWmm
®,W
S,7h9
1‘abUsd#'9c««it<iw.***-***••#*»* ***♦
45,01
ertsmoQ1MKartli»*.,♦•♦•**** U.ULM17
OthmttesiiriiMm
■
mM*$n
He*.turret of maim «ud e
CoiaJkbulUati,hoi h departai*U 35.501,1232
5-.«
Frop. rm&re* to
©#.. p. o.
*
..-..par o«at.
in n*i0
Coa»ol«, *M ps- cent........ .
20
11-lC
iJ.
8U*«r.........
..... ............

IHt«,
Jan. 16..
£
2S.7SO.OO0
■3*520,070
S2.70l.S50
UOSf.SSi
27.020,712
37.n72.703
40.052,703
&m
2
1075^
S0I4O.

I8U5.
Jan. 10
£
25.202.515
0,015.154
85.532.497
10,677,300
17.448428
20,202,450
34,‘JO4,90S
tUM
2
1019-1*3
27 :J-I0d.

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:

Peri*........
ilfctotogrg......
.....
Ara*;*rdjim....
Braiwi,.........
Tl«t2X3J4..... ....
flt. p0W»6orw.
MndtifJ.........
OrfpQjsbngon, ,

tln rU ela— l»or C a b le ,

Jan. 15.

Dec. 24.

Dec 81.

Jan. S

Silver, p er o u n ce ,.
Consol*., new. 2% j
For a c c o u n t . . . . .

Atoh. Top. «fc Santa Fe
Do
do
pref
Canadian Factlio.........
Chesapeake *fcOhio—
Ohio. Atlhv, <fc at. Paul
Deny. A Rio Or., praf..
Brie, oommrm............
let preferred...........
Illinois Central...........
Lake Shore......... .......
Uiuluville ,fc Nashville
Mexican Central, 4s ..
Mo. Kan, & Tex,, com.
N, Y. Ceut'l & Hudson.
N. Y. Ontario A West'n
Norfolk & West'll, prof.
No, Pan. oraftr. recta.
Pennsylvania..............
Philo. & Read, per ah..
South'n Ritllway, ooiu..
Preferred...................
Union Pacilio.
m ihttsh.
b,
p referred.

Sal,

Mon.

29%
nd»i«
11pi's
102*05
14%
24 *3
58%
17%
7S%
*13 :ti
15%
35
97
157
52%
70%
1414
97%
15^4
1734
3*1%
53%
13>2
9%
29%
7%
17

29%
1126J*
! 121%
102*05
14%
21
55%
17%
77%
*13%
10%
35
97
100%
52
70
11%
97
15*8
17%
331%
53%
1314
9%
29%
7%
16%

Tties.

Wed-.

Tkui'S.

Fri.

29W,„ 291%, 2913,. 29%
112% 112-10 119, 112 %
112» « 112% 112% 112 %
102*00 02-t»71siO2**-2% 103-00
im
14%
1*1%
14%
24%
25 v,
25%
25%
55%
5 ■% 50%
55%
17%
17%
17 %
17%
77%
78
78%
78%
41
14%
44%
41%
15%
15%
15%
15%
34%
35%
31%
35%
96%
96%
90%
90%
156% 15«% 15t>s»
52i3
52*%
52%
52%
70
70%
70%
7 *%
14%
11%
14%
14%
67
90%
96%
96%
15
15%
15%
15*8
17%
17%
17%
17%
33%
34%
34%
35%
53%
53%
53%
53%
13%
13%
13%
13*2
9%
9%
9%
9%
29%
29%
30
29%
7%
7%
7%
7%
10%
16%
10%
16%

1894Jan. 17.
£
25.027 780
5,327.001
30.426.22S
10,7ri0,H17
25,200,720
17,962 795
20,540,655
(ifcotrtniercial autl llXiscctlancoits j^etus
50
3
R ational B anks.— The following information regarding
D8M
national banks is from, the Treasury Department:
3mo,

Otoartci-Hoose retain,............ist.ais.ooo I28,3v»,000 143,181,000 133.230,000

Bate* of
at

k ln s n c la l

The daily closing quotations for securities, &o_, at London
1he> fall, linn fore, that occurred on the are reported by cable as follows for the week ending Jan. 29

•sa»»t.t e j«r ci'iit.

i!

K usitnU

fVOL. LXXV.

Jktnk opm Bank Open Bank Open Bank Open
Bate. Market Bate iSjfar&e-f Bate. Market Bate. Market
2
t
2
2
2
m
m
i«
5
5
f»
4
3H
5
m
m
5
5
5
6
4
m
SM
SH
5
ay
5
5
5
4
m
SH
3«
S.M
8X
m
SH
SH
m
2«
s
8
8
8
2id
ay
SH
sy
4
4
4
4
4
i
m
SH
0
fl
6
0
0
FM
sy
0
6
5
4
5
4
4
4
6
4
«
4
4
4
4
*
4

INSOLVENT.
2,843—The Dakota National Bank o f Sioux Falls, South Dakota, waa
on Jan. 20, 1897, placed in the hands o f C. P. Zimuiex'mann,
receiver.
5,276—The First National Bank o f N ew port, K entucky, was on Jan.
21 , l 897. placed in the hands **f G eorce P, Wilshire. receiver.
2,062—The G em m a National Bank o f Louisville. Kentucky, was on
Jan. 22, 1897, p laced In the hands o f Robert H. C ourtney,
receiver.

I mports and E xports for the W eek ,— The following are
the imports at New York for the week ending for dry goods
Jan. 3i and for the week ending for general merchandise
Jan. 23; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT NEW TORE.
f o r week.
Dry g o od s.......
Gen’l tner’ dise

1897,

1896.

1895.

$3,911,517
7,233,947

$2,463,479
4,914,070

$2,990,906
7,407,121

1894.
$1,700,973
5,230,414

Messrs. Pixley & Abell write as follows under date of Janu­
T o t a l .........
$7,377,549 $11,145,461 $10,393,087
$6,931,387
ary 34:
Since Jan. 1.
Dry
g
ood
s.......
$7,150,667
$10,126,570
$10,953,409
$5,895,153
Gold—The Inquiry continues without showing any signs of tailing
20,965,505
17.583,175
* ft The «ai k inis received £1.3.000 in sovereigns from the East, Gen'l mer’dlse 20,834,805 21,286,193
artiviiir: Bti.nl. £2,000; Capetown, *13SO*M'; Australia, £lrt2.ono. Total 3 weeks.. $27,985,472 $31,413,569
$ 3 1 ,9 lc*,974 $23,478,328
Chinn, £1 .0*0; Bombay, hii.'.uic; Mew Zealand, At3.0*0; Chili,
xr.ooo; lotah JU< -1,000. 8hi|.tneats: Botrbav, £10,000: Japan, Sju,The following is a statement of the exports (exclusive of
600: total £100,51*0.
•liver -The price has remained unaltered since the 7ihlast. The specie) from the port of New York to foreign ports for the
supply boo been fairly good and business ha.* taken place at both week ending Jan. 25 and from January 1 to date :
ai.iM- and lit-inw tin* (muted ILure, Iheprtceiu Bombay t >-day Is
EXPORTS FROM NEW YORK FOR TUB WEEK,
K*. to, Ar Iviiie: New Vtirk, Sifc-t.000: Brasil, £40,0*0; Chill, $16,0*0; t**t-1, £250,000. Slllpuieul : To Bombay. A l >*5,000.
M* ik -jti I).* (an— Tbt-«r coin have sinti* y fallen tn prloe hut are
•HU In g"* a demand. Arrivals from Sew York, 8. '9,000.

The quotations for bullion are reported as follows:
Gold.

London Standard.

Ja n .

14.

Jti>1.
7.

SlhVKB,

London Standard.

Jan.

14

Jan.

7.

1897.

1895.

1896

1894.

For the w eek ..
P rev .rep orted

$7,781,614
17,884,853

$7,049,948
17,014,809

$4,931,536
17,405.207

$0,967,007
15.189,530

Total 3 weeks.

$25,666,167

$25,204,757

$22,336,743

$22,150,603

The following table shows the exports and imports of specie
d.
(i.
Bar gold, lino. ...o». 77 10V-7T 11 ’ |Bar silver, One...ox. 2011^0 29u|n at the port of New York for the week ending Jan. 28 and
since January 1, 1897, and for the corresponding periods in
Bar «
1
4
77 11 s4 17 111® Barailver, oontalu’g
{76 0^*76 0% do 5 grs. gold.oz. 303Jfl 30318 1390 and 1895 :
Now., ............ c«-;70 1%;70 I 4®!! do *i gra. gold oz. 30
30
EXPORTS AND IMPORTS OF 8PEOIE AT NEW YORK.
L, *£§»gotd ooIjb, , .oe. 70 5^ 78 5%il do 3 gra. gold.oz, 2913,6 2913j9
Urjrm'n
silver...
. 3
c
**** gold
* ** *rotn.oj!
- ‘ Hi*.' ■*, -|76
* 1'
*■3V76
/* *#| * V* 3%
-4 :Cake
WrS.lT.V_T D
l l 1G 1 , „ _ m
■ ..jn
.A rjy,
1>2
32
Exports.
Im ports.
t ! -i
ii .|o3larKO/,. 29%,< 29%
Sold.

Week.

X ’■

the imports of cereal produce into
the i tilted Kingdom during the first nineteen weeks of the
new «•!».«>» compared with previous seasons;'
in pouts,
18907.
1805-0.
1894-5.
1893-4.
1r:*port,*of wheat .0wt.20, S10,330 26,011,200 24,0 *2,880 23,390,178
Berley.................... 11,SOi,2J0 11,420,870 12,057,034 13.32',625
0»t*.............
7.987,770 5.302.840 5,807.797 5,3 11,092
f «-«*..------1,0(0,775 1,173,480 1,050,521
77,3u0
Bean**.... .................. 1,293,050 1,545,750 1,780,291 l,0
1,700,710
Indian earn..........22,307,:*oo
15,O i l ,53(1
8,117,271 10,080,027
Iflnur ..................
8,558.480 7,473,420 7,398,080 7,419,963
Supplies availaiu for cousuiaptiofl (exclusive of stocks on
September 1}:
1890-7,
1896-0.
1894-5,
1893-4,
Wheat Imported, owt. 2fi. 410,330 20,011,260 21,092,030 23,3*0,170
Import** **f hour,.,,.. 8 vw,mo 7,478,420 7,3 13,030 7,449,903
Bale* of hnroo-groam, 10.1*13,501 5,050,984 7,910,075 9,: 42,828
T otal.,...,..........15,462,354 39,173^604
! 390*7.
1995-0.

39,430,SlT 40,082,962
1894-5.
1893-4.
A v e tp r ie e wheat, weak,8lii. Id.
2 S1 . id ,
20*. 4*1.
2R*. 4*1.
Avarage prion, *>**.vori..2!l*. 04.
24n. 84.
19s, 7tl,
26*. 104.
The following show* the quantities of wheat, flour and

maize afloat to the United Kingdom :
Thin terek.

Whoa*....----- q**..,2,420.000
Jlrmf, equal to qra... 385. ***0
» « • * ......... ............ 1,035,000

haul xrrrk.

2,4 5,000
335,000
870,000

1890.
1,988.000
435.000
605.000

Since Jan.X.

Week.

Since Jan.X.
$502

Smith A m erica.......
All other oountrles.
Total 1807....... .
T otal 1890........
Total 1895.........
Silver.

$17,000

$115,000

9.400

10,300

$125,300
.f'lfi.ioo
2,537,599 10,013,130
7,322,000 19,2*11,136
Expnrlt,
Week.

Great B r ita in ------ -

Since J a n .l,

10

126,165
3.938
60,905

$37,782
$181,520
4 8 8 ,9 3 '
5,379,417
119,409
351,230
Im ports.
Week.

Since J a n .l.

$017,800

202,000

$1,951,344
*366,000

$275

$320

530

530

14,760
17.120
07,527

19,626
82,991
72,501
1,345

$880,330
1,102,050
748,454

$2,317,874
3,292,010
2,301,042

$99,094
62.503

$176,783
141,725
105,500

AU other oountrles.
Total 1897........
T otal 18 90........
Total 18 95........

$5,2<«5
181
32,396

6,122

Of the above imports for the week in 1897 83,875 were
1895.
2,974,000 American gold coin and §918 American silver coin. Of the
279.000 exports during the same time §20,400 ware American gold
474.000 coin.

THE CHRONICLE,

January 30, 1807.]
B r e a d s t u ff's

F ig u r e s

B rou gh t

P a g e '.4 4 3 .—T h e

F ron t

statements below are prepared by us from tbe figures of the
ttew 'Sort Produce Exchange. We first give tne receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Jan. 23, 1897,
Receipts at—

Flour.

Wheat.

Oats.

Com.

Rye.

Barley.

Bbls.lWbs Bush.60 lbs Bush. 56lbs Bush.‘3’2lbs Bush. 18 lbs Bush.56 lb*
53,797
379.295
123,800 1,030,849 1,802,763
51,799
Chicago......
65,800
11,700
99,000
346,400
84,61■>
64 950
Milwaukee.
83,118
155,5*3
07,523
226,243
Duluth......
427,120
740.170
102.890
2.160
Minneap’lis
1,641
2,234
3*,052
251,185
1.029
Toiedo..
18,340
10,259
.......
19.2«i0
20,622
1.800
Detroit..
32,930
15.548
7,405
860
Cleveland..
5,000
2 3,000
19,857
45 000
70.902
28.080
St. Louis...
2,100
227 250
22,400
204,150
35,300
4,950
Peoria
57,000
45,500
243,000
Kansas City

221

Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. V . Harnett & Co.:
Shares.
100 First Nat. Baok of Bill­
ings, M o n t ................... 25
5 First Nat. Bk. of Kingman, Kan........................ 32
5 Fi'St Nat. Bk. of Colton,
W a sh ............................... 31

Shares.
10 Second Nat. Bk. of Col­
fax. Wash.............. ....... . 50
509 N. Y. Bottling Co... .$5 for lot
Bonds.
$ 1 7 ,0 '0 Somerset & Johnsonburg Mfg. of Pa. 6s, 1 913.. 5

By Messrs. Adrian H. Muller & Son:

Shares.
(
Bonds.
10 Em pire City Fire Ins. 00. 100*2 $1,000 Kankakee, 111., Elec.
Co , 1st 6s. 19 »9................... 51
25 Niagara Fire Ins. Co. ... 155*2
25 Ceii. & 80. Am Teleg. Co. 120 *2 $191,700 l ternat’l Develop.
Co. 1st VI. tends.
$ 2 1 ,5 0 0 lot
53 Mexioau Telegraph Co.. 198
$ 2 / 00 The RR Equip. Co.
1 Sixth Ave. RR. Co.......... 2«»7
5 Consol. Ice Co. c o m ....... I S *4
special c.ir trust 6s. 1898.. 94
10 Consol. Ice Co. pnef......... 70
$5.0 0 2*th & 29tli Sts. RR.
50 German-Amer. Bank ...1 2 0
; 1st 5s. 19 6 , A&O ..1 0 " *a & int
202,350 188 Mechanics’ Nat. Bank...185
900,140
155,640 1,333.98 f 1,992.418 3,024,986
Tot.wk.’97
$ 1 / 10 Balt. & Pot. RR. (M.
01,337
719.030
152,0 >5 2,204,0,0 3,807,186 2,777,504
66 Union Ferry Co ............ 60*2
L.) 1st 6 s. 1 9 '1 . A&O.......... 123^4
Bamewk.
$ 1,000 Burl. & Ced. Rip. RR.
10 1st Nat. Bank of B’klvD.409
48,782
475.878
103,-45 1.431.460 1,908,956 1,278,153
Same wk.
16 Russell «teErwin Mfg. Co.283
1st 5s. 1906, &D................ 106*4
8ince Auq.l.
33 Ainnhion Academy Co... 50 1$5,000 City of Bridgeport,
0,030,352 113,50$,978 82.920,798 90,070,501 26.647,020 5.095.500
1896-97..
25 Ninth Nat. Bank.............. 105 | Conn., 3 *39, 1915, J&J........ 10038
0,431.618 13',810,895 04,753.000 77,149,378 25,603,084 2,368.870
4 Nat. Bank of Commeroe.205*4 $ 2,000 City of Minneapolis
'7.154.^45 l"7 845.010 44,026.331 49.009 425 25.323.143 1,470.094
4 N. Y. Life I d s . & IT. Co.. 1055
4s, 1917, A&O...................... 104
50 Kings County Trust Co..255
$ 1,000 Cin. Rich & Ft. Wayoe
L’tie receipts of Hour and grain at the seaboard ports for the
20 Citizens’ Water Supply
RR. 1st 7s, guar.,1921, J&D.113 4
$ 1,00 ■City of Richmond,Va.,
Co., Newtown, L. I . . . . . 90
week ended Jan. 23, 1897, follow:
Oafs,
Corn,
Barley,
Rye,
Hour,
Wheat.
10 Franklin Nat. Bank....... 75
48. 1923, J& J...................
983a
bush.
bush.
bush.
bush.
bbls.
bush.
100 Standard Oil Trust......... 2653j $1.000 111. Cent. RR (Ka- ka341.000
03,*25 345,159
8 '.925
32,176
.. 134144
1 Chemical Nat. Bank....... 4250
feee & S. W ) 5s. 1921, F & A .U 130
2.219
319,047
139.030
177.2-9
740
... 33,059
30 Carbon Sieel Co. 2d pref. 30
$5,('0 o La. & West. RR. 1st
500
25,684
1.15<>
000
8u0
0.002
50 Johnston Ha vester Co.
! 6 s 1921, J&J. $ 1 / On each. 109
138,673
6,000
05,231 306.143
Philadelphia....... ... 4H,3*0
of Batavia. N. Y ............ 80 j $ 1.00“ New Castle & Sbenau65,053 948.5'8
21-4,179
6,000
101.910
12.180
10.000
7,958
3.530
2 Clinton Hall Af-sooiat’ n. 66 I go Ya'l RR 1st 6s, guar.,
18.480 7*9,010
39.225
New Orleans*...... .. 13,353
9 Title Guar. & Trust C o ..273
1917. J&J ......................
103
234.285
10
Lawvers’ Title Ins. C o ,..150^4 $5,00o North Hud-on Co. RR.
t85.351
. ....
Newport News....
100
Ninth
Nat,
Bar
k
.............
105
cons.
5s,
19v8,
J&.r..............101*4
24,694
194.357
Galveston......... .
10 Brooklyn Warehouse &
$l,OuO 8 pring Vail. Water Co.
94.344
137,625
Storage C o .... .............. 115
of San Francisco 1st 6s,
.. 313,899 3*9.199 3.09 <.091 1,*>21,808
193,880 2,040.801
102,041
716,577
4.575
Week i890........... .. 310.364
15 Ast«*r PI ce B a n k ........... 230**
19po, .MAS............................ 1173s
10 Atl. & Char. Air Line RR. 97
$1,«»00 Staten 1*1. Rap. Tran.
• Receipts do not Include grain passing through New Orleans for foreign
20
Brooklyn
Ao*d.
of
Music
1st 6 p, 1913, AvO
........... 107**
ports on through bills of lading.
(with 2 tickets;............... 131
$ 1,000 8 taten Isl. Rap. Tran.
The total receipts at ports from Jan. 1 to Jan. 23 oompare as
35 Tradesmen’s Nat. Bank. 81
2d 5s. guar., 1926, J&J___ 703*
Bond8.
$1,000 23d St. RK. Co. 6 p. 0.
$4,000 Atl. & Char. A. L. RR.
deb bond, 1 9 '9 . J v j ........... 105**
1895.
1867.
1890.
1894.
Receipts of—
907.013
808.1 37
1st 7s, 1907, J&J..................120
738.591
1,091,272
$1,00 • The Crystal Water Co.
Flour................ bbls.
1st 6s, 1910, J v j ............... 75
$192,400 iDlernat’l Develop­
989,8'>5
774,837
1,413.125
Wheat............. bush. 1.420.190
ment Co. 1st M. boLds.......
5
$ 5 / 0 N. Y. & South B’klyn
5,240.559
1.301.049
7,779 992 $ l ,0 uo Long (si. & Flushing
Corn.................. “ 11,128.667
Ferry & Steam ITausp’tion
2,997 440
2.017,630
1,730,399
2.4 •7 942
Oats.................. "
RR. 1st 6s, 1911, M jcN....... 112*4
Co. 1st 5s, 1906..................... 95
294.:<24
201,410
389 375
67*9l5
Barley............... “
284,317
23,054
21,004
10.161
Rye................... “
Total grain.......... 10,219.839

4,099 54»

8,501,318

12,203.185

Tne exports from the several seaboard ports for the week
ending Jan. 23, 1897, are shown in the annexed statement: 1
Wheal, Corn,
Flour,
Uait,
E chvrisfron,- bush.
bush.
bbls.
tush.
81.202 159,317
New York. . . 550,5*9 352.007
18.364
B ■•rno........... 2^0.0: 5
07,820
24.101
943
58,158
Philadelphia.. 100,620 367.320
3,4*3
87,790 325,977
Baltimore. .. 44.0*i0 835.295
1,000 849.600
400
New urleans..
30,100
234,285
685.351
11,187
Newp’rt News
8.101
7,204
4,830
3t.Johns.N.B.
Galveston.... 24,*94 194,357

Total w'k.. 1,039.950 3,610.001 210.733
8 ame time’90.1.179 119 2 757,805 262 -35

501,382
70,887

Hyt,
bush.

i 7,400

Peus,
but) .
11.578
0.825
47.008
8,013

Barley,
bush.
290,290
17.088
33,333
..........

9.394
20,?54

10,110

8.078

89,594 349,330
22,04 1

1 he destination of these exports for the week and since
September 1, 1896, is as below. We add the totals for the
corresponding periods of last year for comparison:

- I lour.Wheat.
Corn.
Exports for
Week Sine* Sept. Week Since Sept.
'epl
Week Since Sept.
week and since Jan. 23. 1,1891.
Jan. 23. 1,18*3.
Jan 23.
. 18 j o .
bb's.
Sept. 1 to—
bush.
bush.
bbls.
bush.
bush.
Coilea Kingdom 115.400 4,054,720 873.713 22.173,163 1,4*«,144 31 901,208
Continent
—
502.678
22,359
87,1*28 6,392. to5 2,024,377 27.2 9 416
8. A C. Amerloa.. 22.M
OB 385.153 ..........
14.589
ino.031
H07
470. *20
West Indies.. .. 15.488
473,101
24,764
8.916 125.444
Brit. N. A. Col’s.
221 978
76.854
1,810
Other countries.
78.309
407,582
10/49 1.292,010

Total
Tota' 1895-96.

* 210,733
262,835

5 614. 95 1,039,950 29.047.n09 8,510 001 01,201.404
5.395.483 1.179.149
______ 19.723,706 2.767.806 30,491013

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Jan. 23, 1897, was as follows
In store at—

New »«»r*.

Wheat.
bush.
5 09:.oO0

Do afloat.........
Albany.,
Buffalo..
Do
afloat.......
C ilO.HBO .
12.481.000
Do
afloat.......
2 0,»00
Milwaukee................
Do
afloat.......
Oulnth ..
Do
afloat......
4U2.000
Tnledo.
1.110,000
Do afloat.........
Detroit
Do afloat.........
35,000
Oswego*
8t. Loan................... 1,795.000
Do afloat...... ..................
Clnolnnatl.................
4.000
Boeton..................... 1.3^9.000
Toronto..................... k14,000
Montreal................... 440,000
Philadelphia....... ... 006.000
Peoria. ............. ... 100.000
Indianapolis............. 142.000
Kansas City............... 472.000
Baltimore.................
325 000
Minneapolis............... 18.703,000

On Mississippi River...........
On Cakes.. .. ... ... ..... ...
Oncanal andriver... .......

Total Jan. 23 1897 67.295.000

Jan. 0 l*v'7.6'M59.000
otalJan 2-5 1890 ^7.6 3 000
?Total
otal Jan. 26.1*95 *4,605.100
Tf|tal Jan. 27.1894 8- .265.000

Corn.
bush.
6,1.>2,000
484,000
50,000
124 000
22 V.000
0.388.000
1,18 >000
3,000

OtU.
bu h.
2.434.900
154.000
100.000
283 000
2.1 0 0
6,133.1 (0
351 000
11,000

11.006

1,321,o66

572,000

490,000

114,000

Jivr.
bush.
830.01>0
89,000
139.000
95,0 0
1,383.000
379.000
617.000
43,000
124.000
40,000

31,000

320,666

34.000

75.000
9,000

' 3.000
806,000

ii.000
193.000
58.01X)
180.000
124,000
25 4,000

7,000
1,000
60,000

131,000
10.000
Ofl.OOu
42,00(j

24.000

65,000

20l.ci66
490,000
70 ,000
6,000

18.000
347.O00
59.000

82,000

21.718000 18.153.000
2'.522,000 13.021,000
10 4 0 000 0,25 1.000
12.054.' 00
7.982.000
14,400.000 4,167.000

3.065 000
3.443.000
1.649 000
430, >00
673,W0

Ask.

Bid. (Ask.
u. D. A. a . & Bat’w—Stk.
1st, gold, 5s, 1934.J&1
Sorlp............................
Eighth Avenue—Stock..
Scrip, 08. a914............
42d& Gr. St. Fer.—Stock
42d St. Man. & St.N. A\
1st mort. 0s, 1910.M&1
2d mort. income 0s.J&J
Lei.Ave.&Pav.Ferry 5s.
Metropolitan Traction..
Ninth Avenue—Sxock...
Second Avenne—Stock.
let mort.,5a,19U9.M&h
Debenture os, 1909.J &j
»l*th Avenue—Stock...
Third Avenue—Stock ...
1st mort., 5s, 1937.J&J
Twenty-Third St.—St’k
Deb. 5s, 1903..............
Unlon Ry—Stock..........
1st 5s, 1942 .................
WeatSheBt’t, lat,gn.,6»

100
115
1024
1124
335
50
117
60
117*4
1104
170
165
no
106
200
1604

102
102
$1024
$1014 102

Was Securities— Brokers’ Quotations.
GAS COMPANIES.

Bid. AskJ|

Bid. Ask.

QAS COMPANIES.

170
1024
10734
105
165
78 Equitable......................... 200
73
101 103
Bonds, 6s, 1899........... 103
48
__ St. Paul..........................
180
79
105
Bonds, 6s...... . ....... .
230 235 Standard pref................. 106
80
105 106
Common.......................
59
75*a 77 Western G a s.................
4*3
90
47 j Bonds, 5s.......................
95
904 1
93

91

ganfeiug

Peoples’ (Jersey City)...

aud

175
205
105
51
82
109
82
614
914

Jfitmncial.

Spencer T r a s k

&

C o.,

BANKERS,
3 7 Sc 2 9 P I N E S T U F F r ,
65 State 8treet, Albany.

I N V E S T M E N T

NEW

KOBR.

S E C U R I T I E S .
ALttXA.VDBIZ At. WHIT®. JB

G-«OKQ* BAKCI.AY MolTPAT.
3,002,000
3.877,0*-0
3.136,'00
2.071 "00
2,027,000

155
112
$100
325
no
320
40
$115
50
117
no
160
148
108
102
192
1594
121
300

i And accrued Interest.

B’klyn Union Gas—Stock.
Bonds.............................
Central...............................
Consumers’ (Jersey City).
Bonds.............................
Jersey City & Hoboken..
Metropolitan—Bonds.......
Mutual (N. Y ...................
91 OOO N. i . & East Riv. 1st 6s.
Preferred......___f.
96,000
Common................. . —
375,uw
Consol. 5s................. ...

13.000

• Last weak’s stooks ; this week’s not received.

Bid.

•

Allan. Ave., B’aivn—
Con. 5s, g., 1931 ..A&O $102 105
Impt. 5s, g.f 1934..J&J
77
80
Bleek. 8 t. A Ful.F.—8 tk. 294 31
ist mort., 7s, 1900.J &J $105 108
Brooklyn Rapid Transit.
18 Hi 20
B’ way &7th A ve.—Stock. 198 203
1st mort.,5s, 1904.J&D $105 108
2d mort., 5s, 1914.J&J $109 111
B’way lst,5s,gnar.l924 $113 118
2d 5»,int.as rent’1.1906 $103 1044
Conso! 58,1943...J&D 118 118*4
Brooklyn City—Stock.... 173 1734
Consol. 5s, 1941 ...J&J 113
Bklyn.Cro8st’n5s.l908 101 105
Bkl’n.Q’nsCo.&Sub.lst 100 103
Bklyn.C.&N’ wt’wu—Stk 160
5s, 1 9 3 9 ...................... $1074 1104
Central Crosstown—Stk. 200
1st M., 0s, 1922...M&N $105 *116
Cen.Pk. N.&E.Rlv.—8tk. 153 160
Consol. 7s, 1902...J&D 112 114
Columbus & 0tb Ave. 5*. 117 117',
ClirlstVrAlOth St.—Btk. 150 150
1st mort.,] 898 ...A & O 101 104

Barley,
bush.
076,00ft
31 ,000
10.000
1.283.000
05.001
181.000

2,550,000

25.000
1,140.000
341.000
62.000
120.000
2,2 ^2,000
23.000
12 ,000

City Railroad Securities— Brokers’ Quotations.

M o f f a t

& W

h i t e

,

bankers,

30

P INK

S T R E E T

-

-

E E W

NVES TMENT SECURI T I ES.

I # »

»

1'HK CHRONICLE

■)<)'}

Jhe

commercial, 25o. per $1,000 discount; Chicago, 40c. per $1,000'
discount; St, Louis, 25o,@50o, per $1,000 discount to par,
Posted rates of leading bankers follow:

(ia x e ttc .
& m 'n o * .
Books closed-.
inclusive,)

iis t ilr tm«S a ftW©* m I.

JfeO, ©*»«*.,
NH&,

1*
Mt»m» Wat, *§i 0*r«.,
tin siIt*,
Bassfe of tlMi Marbatt*© Co
LtcooUi s*t
Twtotjf-iWt4* l a i f
fllM

Ittitriirt Tal<*fTf4,ph.

SU&atm |Wi1?4

20 Fob. 4 to Feb, 14

m
4
3

Kicoirio

Feb.

Jah. 27
|__

|Feb.

;Jan, 27

|Mar.
IFeb.

Feb. 19

C apital.......... .
ft&rptat*__ . . . . . . .
Lean# * dnetnt*.
C ireiilatlon. . . . . .
Shut
.........
LtNgiA Umdenri.« . ,
bet<L..-.
L#g#d f f t a t f f i .. . .

D ijc r en ’strom
; I'rev. Keek.

9
i
*
69.772,700;
...............
74.8*8,100:
............
400.338.700 Dee. 1,080,500
18,479,800 Deo. 264,100
563.479.600 Ino.6,093,300
79,134,100 t o e .1,312,800
118.803.600 In o .5,105,800
197.937.700 Inc .6,418,600
140,860,300 ino .1,523,325

1tarplsui miKVflt 57,067,800 I n o .4,898,275

1896
Jan. 25.

1895.
Jan. 26.

$
61,122,700
73.017,100
447,869,900
13,810,000
489,740,800
76,160,900
83,952,800
160,113,700
122,435,200

$
61,622,700
72,028,200
490.158.600
11,320,000
559.512.600
81,175,600
104,583,000
185.768.600
139,878.150

37,678,5001 45,880,450

Foreign Exchange.—The foreign exchange market, which
was easy with lower rates during the early part of the week,
iwu* hardened towards the close on a more limited supply of
bill*. The offerings of hypothecated exchange have decreased
in volume*
To-day’s actual rates o f exchange were as follows: Bankers
•
")!*!,i:, , ■ .J-1 -.7; .l-m.ind, 4 HOT*@4 87;

cables, 4

Demand.

Prime bankers' sterling bills on L ondon.. 4 8 5 % » 4 86 4 88 ® 4 88%
4 84%<54 84%
Docum entary oom moroial............. ............. 4 83% $ 4 84%
Paris bankers* (franos)................................ 5 1 8 H tft-5
5 16 l% fi-516%
Amsterdam (euiUlere) bankers................. 401,0010%
40% , 0 4 0 %
Frankfort or Bremen (rfitolminrkm h’kors 95i,n® 95%
9 5 % 0 9 6 »,«

United States Bonds.—Government bonds have been in
l demand and the 4s coup., 1925, have steadily advanced to
the highest quotations ever made for them except once, viz.,
Feb.
July If), 1895 Sales at the Board include .$683,000 4s, coup.,
Jan, 31 1025, at 122% to 124; $2,000 4s, reg.. 1925, at ISSM; $18,000
Mob. 1 4s, coup.. 1907. at 112}4 to W t% , and $10,000 5s, reg., at
Fob.20 U3M- The following are the dosing quotations :

W IL L STREET, FRIDA IT. J AN. 20. lM#7 -5 If, At,
The M one) Hark id and Financial Situation.—Transac­
tions of the w e e k in Wall Street are confined largely to the
purchase of high-grade bonds for investment and the specu­
lative manipulation of stocks. The latter movement has
been facilitated by results growing out o f the unfortunate
conditions which have prevailed for some time past in the
bituminous coal trade. Recent efforts to improve these con­
ditions arc reported to have been in some degree successful,
however, and an improvement is now looked for,
Tho foreign exchange market is regarded with interest.
It has hardened as the week advanced, presumably as the
result of n firmer money market in London and the more
limited offerings of bills which have been held here by in­
vestors for sixty days or more.
A matter of great importance to all financial interests is
brought into prominence by the announcement that the
President elect has offered the Treasury portfolio to a prom­
inent Western banker, and that the same has been accepted.
The fact that the probable future Secretary of the Treasury
is not a politician but a financier o f long experience and
marked ability is regarded favorably in all financial circles.
The money market.continues to grow easier. Comment is
made in some quarters that there is a lack of capital for the
development of new enterprises, which, if true, is not sur­
prising in view of the history of that class of investments
made during recent years. Surely there is an abundance of
capital available for all legitimate purposes.
The open market rotes for call loans during the week on
stock and bond collaterals have ranged from 1>£ to 2 per
oent. To-day’s rates on call were
to 3 per cent. Prime
commercial paper is quoted at 8 to
per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £694,814, and the percent­
age o f reserve to liabilities was 52-89, against 52-15 last
w e e k ; the discount rate remains unchanged at
per cent.
The Bank o f France shows an increase o f 1,850,000 francs in
gold and 925.000 francs in silver.
The New York City Clearing-House banks in their statement
of Jan, 23 showed an increase in the reserve held of $6,418,600
and a surplus over the required reserve of $57,067,800, against
$52,172,525 the previous week.
1887.
Jan. 23.

Sixty Days.

January 29.

P#r \ WA-tfm
Oent. f Payable,

cfckk #t* t.
**
Mm, OifcL.
La. * Me*. H

[V ol . LXIV.

87

The folio Win.- were the rates of domestic exchange on New
York atth* atndc t mrotlonedoitieeto-day: Savannah, buying
l -10 discount, selling par (Charleston, buying 1-16 discount,
selling 1-16 premium ; New Orleans, bank, $ 1 00 premium;

Interest
Periods

Jan.
23.

Jan.
25.

Jan.
26.

Jan.
27.

* 96 * 96 ‘ 96 ♦ 96
2s , .......
res,
*111% *111% *111% *11134
4a, 19 07..............re*.
*112 tl2% *l
112 %
4 8 ,1 9 0 7 ..........coup.
*121% ‘ 121% 122% *123
la, 1925..............re«.
* 122 %' 133 1* 122 % 123%
4s, 1 9 2 5 .........,ooup.
*113% *U 3% |‘ 113% *113%
5 b, 19 04,...........reg .
*114% ‘ It In. H I
114%
5 8 ,1 9 0 4 .......... ooup,
*103% *103% *103% 103%
6b, onr’oy ,’ 98...i'6K.
*106%
68, on r’e y ,’9 9 ...r e g .
*106% *106% *106%
*103% *103% *104 ‘ 103%
4a, (C her.)1897.reg.
*103% *103% *104 *103%
4s, (Ch6r.)1898.reg.
. *103% *ir3% !*104
4s, (Cher. >185)9 .reg.
103%
* This la che prtoe old <*t tue m uriimg uoara, iw sain w.,„

Jan.
28.
• 96
■1 1 1 %

'112%
122 %

123%

113%
•114%
103%
106%
103%
103%
103%
,

United States Sub-Treasury.—The following table
g
the daily receipts and payments at the Sub-Treasury during
the week.
Balances.
Date.

Receipts.

Jan. 23
“ 25
11 26
*• 27
" 28
u 29

$
3,015,620
5,662,345
2,562,452
2,681,883
4,104.942
4,298,305

Total

22,726,647

Payments.
$
3,317,662
2,769,982
2,871,059
2,833,098
2.854.780
3,097,848

Coin.
9
122,746,110
122.814,112
122,402,802
122 , 10,120
122,567,149
122,768,141

17,744,429' ...................

Coin Cert’s.
*
1,318,771
1,472,423
1,604,471
1,631,93.7
1,651,061
1,619,332

C urrency.
#
49,994.384
52,665,093
52 545,748
52,349,550
53,1.23,559
55,056,054

......

Coins.—Following are the current quotations ,n gold for
coins:
S overeigns........... $4 86
N ap oleon s........... 3 85
X X Reielmiarks. 4 74
25 Pesetas........... 4 77
Span. Doubloons.15 55
M ex. D ou bloon s.15 50
Pine g old b a r s ...
pur

® $4 89
® 3 88
® 4 78
* 4 81
® 16 75
® 15 75
® % prera.

Fine sliver b a rs ... — 64% ® — 6 5 7e
F ive fra n os........... — 93 a — 95%
M exican d olla rs.. — 5 0 % » — 51%
D o unoom’ e la l.. — — a ------Peruvian sols____— 45 % ® — 47%
E nglish s ilv e r .... 4 83 ® 4 87
D. 8. trade d ollars — 6 5 0 — 75

State and Railroad Bonds.—Sales o f State bonds at the
Board are limited to $53,000 Virginia fund, debt 2-3s o f 1991
at 62 to 62J«f and $5,000 Virginia 6s deferred trust receipts,
stamped, at 6.
The demand for railroad bonds continues to be a promi­
nent feature of the market. The Atchison and Northern
Pacific issues have been in special request. Sales of these
bonds aggregate a large amount: the Atchison adjustment
4s have advanced B}4 per cent and Northern Pacific con.
5s 2 per cent under the movement. Hocking Valley 5s were
pressed for sale and declined to 68 on Wednesday, a loss of
over 20 points since Jan. 1. These bonds rallied sharply on
Thursday and to-day, closing at 76. Ore. S. L. & Utah No.
con. 5s have advanced 'i% per cent, and San Ant. & A. Pass,
4s 1)4 per cent within the week. The active list includes also
C-hes & Ohio, Burlington & Quinoy, Rock Island, Kansas
Pacific, Mil. & St. Paul, Mo. Kan, & Texas, Ore. Ry. & Nav.,
Ore. Short Line, Reading, St. Louis & S. F., Southern Ry.,
Union Pacific and Wabash bonds.
R ailroad and Miscellaneous Stocks.—The stock market
has been dull, and, with the exception o f the coal stocks,
fluctuations have been narrow and unimportant. The bitu­
minous coal shares continued weak under the lead o f Hock­
ing Valley, which sold on Wednesday at 7, a deoline o f 10
points within eight days. The securities of this company
rallied sharply on Thursday, owing to the removal o f pressure
to sell, and the progress that is being made towards a settle­
ment of the soft-coal difficulties. Strong efforts to depress
the anthracite shares in sympathy with the bituminous
stocks proved only partially successful, and there has been
some reaction from the lowest prices made. Manhattan Ele­
vated was a weak feature under persistent hammering by
the bear element, and closes with a loss o f 2% points. Long
Island has recovered t>% points o f its recent decline. The
grangers have been relatively strong, except Burlington &
Quincy, which declined 1% points, but has recovered a part
of the loss.
Changes in the miscellaneous list are generally unimport­
ant. American Tobacco declined 2% points on the com­
mencement o f legal proceedings against officers o f the com ­
pany for maintaining a trust. Consolidated Gas rallied on
rumors that no legislative action adverse to the interests o f
the company is likely to occur. Fluctuations in American
Sugar have been narrow* and the stock dosed with a n e t .
fractional loss.

THE

J a n u a b t 80, 189T.

(CHRONICLE.,

226

NEW YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending JAN. 2 9 , and since JAN. 1, 1897.
HIGHEST AND LOWEST PRICES.
Saturday,
Jan. 23.

Monday,
Jan. 25.

Tuesday,
Jan. 26.

Wednesday,
Jan. 27.

Thursday,
Jan. 28.

Friday,
Jan. 29.

STOCKS.

Sales of
Ranee for year 1897.
the [ On basis o f 100-share lots.J
■Week,
Shares.
Lowest.
Highest.

A c tiv e It i t . S to c k s.
3,853 13% Jan. 8 15% Jan. 18
14% 14% At.Top. A S.Fe, allinstal. paid
24% 25%
pref. 13,791 22% Jan. 11 25% Jan. 18
420
% Jan. 22
% Jan. 14
% Atlantio A Paoifio
*%
1,025 14% Jan. 22 18 Jan. 8
*14% 16 Baltimore A Ohio............
438 18% Jan. 7 19% Jan. 4
18% 18% Brooklyn Rapid Transit.
300 54% Jan. 25 56 Jan. 8
*54% 55% Canadian PaoUlo............
200 44% Jail. 13 46% Jan. 19
46 Canada Southern______
*45
11,303 9S Jan. 25 103% Jan. 19
99% 101 Central of New Jersey...
1,000 13 Jan. 29 15 Jan. 5
13
13 Central Paoifio................
1,412 16% Jan. 4 18% Jan. 18
17% 17% Chesapeake & Ohio.......
164 168 Chioago A A lton............ .........
§164 Jan. 18 §165 Jan. 11
73% 74% Chicago Burlington & Quinoy 63,268 69% Jan. 5 77% Jan. 18
*39
42 Chicago A Eastern Illinois...
Do
pref.
*90 100
§95 Jan.
§96% Jan. 18
76% 76% Chioago Milwaukee & St. Paul 57,680 72% Jan.
77% Jan. 18
990 131 Jan.
132 132
Do
pref.
132 Jan. 27
1,965 102% Jan.
104% 104% Chioago & Northwestern___
105% Jan. 18
180 153 Jan. 12 154 Jan. 29
154 154
Do
pref
7,453 65% Jan. 5 70 Jan. 16
67% 68% Chicago Rock Island & Paoifio
68
68%
67% 68
673g 68
67% 68
67*2 68ie
4,155 47 Jan. 2 52% Jan. 18
50
50% Chioago St. Paul Minn. AOm
50% 51
50
50%
497g 501a 49% 50
49% 50%
115 133% Jan. 18 133% Jan. 18
133 137
Do
pref.
133 137 §132 132
*132 137
132 137 *132 137
899 26% Jan. 2 30 Jan. 18
27% 27% Cleve. Cincin. Ohio. & St. L ...
27% 27%
27
27% §26% 267s §27% 27% *27% 28
Do
pref.
73 J an. 4 73% Jan. 4
9%
9 7s
7
9%
9% 10%
9% 10
8% 10% 10% 11% Columbus Hooking Yah ATol 24,085 7 Jan. 27 18 Jan. 8
*25
Do
pref.
40 Jan. 21 46 Jan. 21
*30
45
‘ 20
45
1075s 108% 10630 108% 106% 108
106% 107% 106% 107% 106% ids Delaware & Hudson............... 32,509 106% Jan. 27 121% Jan. 6
6,359 151 Jan. 29 157% Jan. 18
151 153% DelawareLackawannaAWest
152% 154
154% 155% 152 154% 152 153% 152% 154
100 12 Jan. 27 12% Jan. 19
Denver A Rio Grande............
12
12
•11
12
*11
12
* 11 % 12 %
Do
pref.
42 Jan. 21 43% Jan. 19
*43
43% *43
*42% 43% * 4 2 % ___
44
1,241
E
rie..................................
.
14%
14%
14%
14%
*14%
15
*14%
15
14%
14% Jan. 11 15% Jan. 18
14% 14%
145s
302 33 Jan. 11 35% Jan. 18
*33% 35
*34
35
Do
1st pref.
*34
33% 34
*33% 35
35
*33% 35
4
20 Jan. 13 21 Jan. 15
Do
2d pref.
§19
19
*19
21
*25
31 Evansville A Terre Haute___
25
31
*25
31
•27
31
•25
31
*25
31
455
121
GreatNorthem,
pref..............
1
121
117%
117 121
*118 122 §117
120 Jan. 16 121 Jan. 29
118 121
120 120
145 92% Jan. 8 95 Jan. 22
§95
95% Illinois Central..........................
*93% 94% §94% 95
*94
95
§95
95
§95
95
860
7
< Iowa Central................... .........
7%
7%
*7%
6 % Jan. 27
8
6%
7
7
8 Jan. 16
6%
6%
6%
*24% 27
26
255 25 J an. 4 27% Jan. 20
25% 25% §26
27
26
Do
pref.
*26
26
*24% 27
*16% 18% *16% 18% *16% 18% *16% 18% *16% 18 Lake Erie <8>Western..............
40t> 18 Jan. 23 18% Jan. 18
18
18
170 67% Jan. 12 70% Jan. 20
*66% 69
69% 69% §68
Do
pref.
68 *68 70 *68 70
67% 70
540 152 Jan. 2 154% Jan. 19
§154 154 §15438 15438 153% 153% §154% 154% 152% 152% 152% 152% Lake Shore & Mich. Southern
44
44
44
44
2,335 42% Jan. 22 55 Jan. 8
48
49% Long Island.............................
43%
46
46
44
45
50%
17,828 47% Jan. 5 52% Jan. 19
51
51% Louisville A Nashville______
503e 5078 50% 51%
50% 51%
50% 51
% Jan. 11
% Jan. 11
.......
% ►
% Louisv. New Albany & Ohio..
.........
% .......
% .........
% .........
Do
pref.
§l% J a n . 4 §1% J an. 4
9050 91%
90% 91*8 91% 91%
89% 91
88% 90 Manhattan Elevated,oonsol.. 15,971 87 Jan. 11 94 Jan. 18
91% 91%
109% 109% Metropolitan Traction
2,080 108% Jan. 2 110% Jan. 5
109% 110% 109% 109% 109 109% 109% 109% 109% 110
§89% 89% Michigan Central............
259 90 Jan. 28 91 Jan. 12
§9L% 91%
90
90
19% 19% Minneapolis A St. Louis.........
200 19 Jan. 6 19% Jan. 29
*18% 20
*18% 20
*188! 20
*18% 20
*18% 20
*78
80
79
79
225 78 Jan. 16 79% Jan. 18
79%
§78% 78% *78
Do
1st pref
79
79
*78
80
*46% 48
*47
48
*47
48
48
Do
2d pref.
48
46% Jan. 16 47% Jan. 18
48% *47
*47
*47
14
14
13% 14 MissouriKansas A Texas.......
820 13% Jan. 4 11% Jan. 18
14
*13% 14
14%
14
§13% 13%
14
30
30% 30
30% 30%
3,395 28% Jan. 4 31% Jan. 18
30
30%
Do
pref.
30% 30% 30% 30%
30%
3,47u 20 Jan. 4 24% Jan. 18
22 2 2 % 21% 22% 22 22
21% 2 1 % 2 2 % 2 2 %
21% 22 Missouri Paoifio..
*21
*21
23
*21% 23
*21
23
23 Mobile A Ohio....
21% Jan. 14 22% Jan. 12
23
*21
23
*21
§70
70
10 §70 Jan. 25 §70 Jan. 25
Nashv.ChattanoogaASt. Louie
40
40
......... 38 New E ngland.........................
....... 40
38
......... 38
*94
94% § 9 4 " 94
93% 93% New YorkCentral A Hudson.
3,074 92% Jan. 26 95 Jan. 19
93%
92% 04
93
93% 93%
12
12
•12 13
13% New YorkChloago A St. Louis
12
1 2 % *12
700 11% Jan. 5 12% Jan. 18
12% *12
12% *13
*70
75
70
70
*65
75
120 70 Jan. 22 70 Jan. 22
68
73
75
Do
1st
pref.
*65
75
*68
*26
30
*25
29
25
30
*28
29
Do
2d pref.
30
27 Jan. 7 27 Jan. 7
•26
*25
30
*176 178 § i7 6 % i7 7 % §176 176% 175 177
140 §176 Jan. 11 §178 Jan. 4
........
175
New
York
New
Haven
A
Hart.
.........176%
1458 14%
700 14% Jan. 12 15% Jan. 18
15
15
♦14% 15
*14% 15% *14% 15% 14% 14% New York Ontario A Western.
*8
8%
8 % New York Susq. A West., new.
§8%
8%
8%
475
8^
8%
9% Jan. 18
8 Jan. 22
8%
8%
§8%
8%
22% 23
23% 24%
3,610 22% Jan. 25 26% Jan. 18
22=8 23>e *23% 21
Do
pret.
*23% 24%
23% 23%
*11 % 11 % * 1 1 % 12
*11% 12 ‘ 11% 12 *11% 12 *11% 12 Norf.A Western,all instaL pd.
§11% Jan. 18 §11% Jan. 18
*16% 17% *163, 17% *16% 17% *17
18
*17
17% Jan. 20 17% Jan. 20
Do pref.,tr.otfs.allins.pd.
18
*17
18
13
13%
14% 14% Nor. Pacific Ry. voting tr.otfa. 12,392 13 Jau. 23 14% Jan. 29
13% 13% §13% 13%
13% 13%
13% 14%
33
33
33
33
33%
38,293 32% J an. 5 36% Jan. 29
83%
35% 36%
Do
pref.
33% 34
33% 35
*13
23
23
*13
*13
23
23 Or. RR. A Nav.Co. vot.tr. otfa.
*13
100 t l 5 Jan. 15 117% Jan. 18
23
*13
*13
23
*39% 42
■39% 42
§40
41% 42%
40%
1,387 37% Jan. 8 42% Jan. 29
Do pref., rot. trust.otfs.
39
39
40% 40%
25*8 26%
26% 26% Phila. A Reading allinst. pd. 31,740 25% Jan. 25 28% Jan. 18
25% 26% 25% 26%
26
26%
26% 26%
*13% 14% *13% 14% *13% 14% *13% 14%
100 12 % Jan. 11 14 Jan. 21
13% 13% *13% 13% PittsburgOinn. Ohio. A St. L.
*45
50
-45
50
50
*45
50
*45
Do
pref.
50
*45
50
*45
Rio Grande Western................
♦117% 118% 117 118% §117 117
117% 118% 117% 118% 116% 117% Rome Watertown A Ogdensb.
§117 Jan. 26 §119 Jan. 18
*56
62
*56
'56
61
61
*56
61 St. LouU Alt. A T. H.,tr.ieots
*56
60
*56
62
*4%
5%
4%
4%
5% St. L. A San Fr., vot. tr. otfs.
*4%
272
5% Jan. 19
4 % Jan. 25
§5%
§4%
4%
5%
*86
37% §35% 36
37
37
116 37 Jan. 29 37% Jan. 19
Do
1st pref.
35% 37
§35% 35%
*12 13%
12%
Do
2d pref.
12% 12% §12hl 12% *12% 13%
188 12% Jan. 27 13% Jan. 19
4%
4%
*4%
5
4%
5 St. Louis Southwestern...........
*4
4% Jan. 6
210
5
*4
4% Jan. 18
*4
4%
* 10 %
11
*10% 11% 11% 11% §10% 10% *10% 11% *10% 11%
204 10 Jan. 6 11% Jan. 18
Do
pref.
*22 24
2 2 % 22% §23
23
23 8t. Paul A D u l u t h .............
*20
250 20 J an. 4 22% Jan. 13
23
*20
23
*20
93
*85
*85
*83
95
93
*86 95
Do
pret
93
*85
*83
95
♦112 116
■112 116
'112 116 *112 116
270 114 Jan. 28 114 Jan. 28
114 114 *114 117 St. Paul Minn. A Manitoba...
14
14
14% 14%
14%
14
15 Southern Paoifio Oo.............. .
15
1,800 13% Jan. 13 15% Jan. 18
14% 15
14% 15
9%
9%
9%
9%
9%
9%
9% Jan. 27 10 Jan. 16
9%
9%
9%
2,010
9% Southern,voting trust, oertif.
*9%
9%
28% 28%
28% 28%
28% 28%
28% 28% Do pret, voting trust, oert.
4,652 26 Jan. 4 29% Jan. 19
28% 29
§28% 28%
*9%
9%
*9% 10
9%
9% Texas A Paoifio...... ..................
8 % Jan. 2 10% Jan. 18
885
9%
9%
*9%
9%
♦9% 9%
7%
6%
8
7%
7%
7%
7
6 % Jan. 11 10 Jan. 5
7% Onion Pacific trust reoelpts.. 17,214
7%
7%
7%
7
2%
2%
*2
2%
2 Union Paoifio Denver A Gulf.
2%
2
2 Jan. 29
250
*2
2% Jan. 6
2%
*2
2%
*6%
7
*6
6%
'" e %
7% Jan. 16
750
6 % Wabash............ . ......................
*6%
6 % Jan. 4
6%
6%
6%
6%
*6%
§16% 16% 16% 16%
16% 16%
16
15%
Jan.
4
§15%
17%
Jan. 18
1,550
15% 16%
Do
pref.
16
15%
2%
2%
2%
2%
2%
2%
6 % Jan. 2
2 Jan. 18
3,895
2 % Wheeling A Lake E rie ..........
2%
2%
2%
2%
2%
*11 13 *11 13
10% 11
12
%
Do
pref,
29
Jan. 0
10
Jan.
27
1,036
10
11%
13
10
*9%
*2
2%
*2
*2
2%
2%
2% Jan. 6
*2
Wiso. Oen. Go., voting tr. otfs.
2% Jan. 6
2%
m is c e lla n e o u s S to c k s.
*13
14% •13
14% *12% 14
11 Amerioan Cotton Oil Co.........
*12% 14
§12% 12% §11
65 12% Jan. 4 14% Jan. 16
*55% 56% *55
56%
55% 55% *54% 56%
54% 54% *54% 55%
Do
pref.
310 54% Jan. 2 56% Jan. 19
13% 14
13% 14
1S% 13% Amerioan Spirits Mfg. Oo___
13% 14
13% 13%
3,689 11% Jan. 5 14% Jan. 19
13% 14
30% 30%
30% 30%
30% 31
31
Do
pref.
31% 31% 31% 31% §31
1,709 26 Jan. 5 32% Jan. 19
116% 117% 116% 117% 116% 117% 117 117% 116% 117% 116% 117% Amerioan Sugar Refining Co. 29,906 110 Jan. 5 118% Jan. 19
103% 103% 103% 103%j 103% 103% 103% 103% §104 104
103% 103%
Do
pref.
2il02 100% Jan. 7 103% Jan. 27
73% 76
73% 7 4% I 73% 74%
73% 74% Amerioan Tobaooo Co............ 22,605 73% Jan. 25 79% Jan. 14
74
74i*
74% 74%
*103 106
103 103 i*102% 106 §104 104% 102i* 104
102 % 102 %
278 102% Jan. 29 106% Jan. 14
Do
pref.
11% 11%
11 % 11 %
11% 11%
H i* 113* 11% 11% Bay State G a s..........................
11 % 11 %
2,550 11% Jan.
13% Jan. 6
77% 78%
77% 78
77% 78% 77% 78%
7770 7830 77% 78% Chicago Gas Co., oerts. of dep. 21,960 73% Jan.
79% Jan. 18
147 147
149 149% 148 149
148% 149% Consolidated G bb Company..
149% 149% 1493d 150
2,607 136% Jan.
150 Jau. 28
34% 34%
34% 34%
34i* 34 70 34
34% 35%
35% General Electrlo Oo................. 17,476 32% Jan. 11 35% Jan. 18
84% 35%
24% 24% *2*4
24%
24
24%
25i* 25i* 25% 25% National Lead Co....................
24% 25%
2,056 23 Jan. 8 26% Jan. 19
*88% 90
88% 90
90
90
*89>* 93
§93% 93%
§90
91
239 89% Jan. 20 90 Jan. 16
Do
pref.
*4%
4%
4%
4%
§4%
4%
§4%
4% North Amerioan Oo.................
*4»s
5
*4%
5
4% Jan. 2
5 Jan. 18
575
24% 25% *24% 25
24% 25%
24% 25% Paoifio Mall..............................
24% 25i0
25
25%
3,020 24 Jan. 9 26% Jan. 18
‘ 90 ........ *90 ......... *85
*85 . . . .
*85
*85
Pipe Line Certificates.............
157% 157% '156 158
157% 157% 1571* 158i0 157% 159
'157% 159 Pullman Palace Car Company
655 152 Jan. 2 159% Jau. 18
*65
65% *65
65% *65
65%
65% Silver Bullion Certificates___
05i4 0 5 14 65% 65% *65
8,000 64% Jan. 19 65% Jan. 27
11 % 11 % § 11 % 11 %
I li0 lli0
11 Standard Rope A Twine.........
11
11 % 11 %
11% 11%
2,103 10% Jan. 4 11% Jan. 19
28% 29%
28% 29%
29% 20 % 2914 2 9 *
29% 29% Tennessee Coal Iron A H R ...
29% 29%
7,600 25% Jan. 4 31 Jau. 18
*9
9%
9%
*9
9% Jan. 19
*8 %
9
9
8 % Jau. 11
9% United States Leather Co.
*9
914
250
51% 62%
-8
- 76 61% 62
62
02
02i* *61% 62%
61% 61%
5,748 58% Jan. 7 64 Jan. 19
Do
pref.
24% 24% 24% 24%
24% 24% x22i* 23
22 % 22 %
1,169 22% Jan. 27 25% Jail. 19
22 % 2 2 % United States Rubber Oo.......
*74
75
74% 74% *74% 75
75
75
74% 74%
553 74% Jan. 27 76% Jau. 5
7414 74*4
Do
pref.
83% 84%
83% 84%
84% 84%
8430 841*
83% 84 Western Union Telegraph___
83% 84
5,589 82% Jau. 4 86 Jan. 18

143s
23*z 23^8
38
**3
1470 15
18% 1 9 ^
55
55
47
45
98% 99*2
14
*13
1 7 ^ 1712
-165 167
741* 751s
*40
50
*90 100
7538 7618
S132 13218
103% 104

14
14
23% 24
%
%
16
*15
*18% 19%
54% 54%
45% 45%
98 100 %
12% 13%
*17
17%
165 167
73% 74%
*39
45
*90 100
75% 75%
f131 132
103% 104%

14% 14%
23 % 24*8
%
%
15% 15%
*18% 20
*54% 547e
*45
46
98% 995g
14
*13
17% 17%
165 167
73% 74%
39
45
90 100
755s 76%
§131% 132
104% 104%

14%
24%
%
*15
*18%
*54
45%
98%
*13
17%
165
73%
*39
*90
76
132
104%

14%'
24%
%
15%
19%
55
45%
99%
14
17%
168
75
42
100
76%
132
104%

14%
24%
*%
15%
19
*54%
*45
99
*13
17%
165
73%
*39
*90
75%
132
104%

14%
24%
%
15%
19
55%
46
99%
14
17%
168
74%
42
100
76%
132
104%

J55

These are b)<l and asked; no sale made.

§ Less than 100 shares.

THE CHRONICLE.

224

> K .V LMIW si'tJCIt KX.0U4NHB l»l(l 0 8 4 <

i tiuHil)— WAOTCWB STOCKS.

Jrtn. 29. Kangs (tatft) ta 1897
Highest.
B1A A#k. Loire,!.

%|uAlv*t«Mi sfsiHttfd..
SialtMHidi 910-ell*..
AJtNUiy A 0atHjueh*nn.»...,..- too; 170
Jan. 10% Jan.
100} H% JO
27 Jan.
Jan.
*1001 24 26
...... .........
6
Bad M0, #. W. pref., new.... .UK* 3
MN t. Air fine pref. 100 HU ICti 1105 Jan. 105 "‘ ja n .
Hmetklya B®fibid r .......... ,100 4
0
Raff... «wit**ter A mwbiirK.HK'i 18 22 SO % ja m 22% Jan.
1(X. . .. 53 83 Jan, 58 Jan.
Burl. Omi»t Rapid* A Nor..,,. 100 71
5 Jan.
Great xvextern.......
1 4% »% 4% Jan.
ta*f. Lorain A %s«d. pref— UX)
168% Jan.
tHett>■sirsd PitfeborK- ....... 5o! 160 170
8% Jnu.
8% Jan.
9
ioo; s
MW. 50
Pref'vrte*
M
R
!
■
i"%
3%
Osinth #«. Sbere A AUkaslo Ti
mxj: 7% b%
.Preierm!%.............. .
39% Jan. 40% Jan.
£Y*a,vli'i> A Torre it. pie!..*. 50;
Flint A I'ere MkrtiQette.*. — . 1 (X
30
Jan, 30 J an.
Preferred. - . . . . . . . . . . . . . . . . . . . . HX:;
7
Saaaw ii* A M i c h i g a n ..........1 0 i :
8
2
3
CftokUk A I>«B M o ir e ................ 100
14%

13%
Preferred...................... ,100;
M eilean Central.....................
10*'
1
M ailcai. National tr. oUa.........IOC
Murri* A K**ex........
50 165
H y LaoIL A W estern..... ........ 100!
Norfolk A Southern.. . . ........l O O l

Ohio itcmlbem......—... .... 20C
Or. 8lt
A O .N .tr.w c..all pd.100
R o o m l><“ ..tur A Kvanaville 100

peim, A twatero .... ....... M-Q

27

Jail.

119

Juu.

28% Jail.

8% Jan.
8 Jan.
1 % Jan.
1 % Jan.
1 =.
164 Jan. 167 Jan.

5
17% 14% Jan.
2 % 2% Jan.

15
2

121

Jau.

16 Jan.
2% Jan.

MB*. U . W. A Chin, fila r ------- 100 165 170 165 "Jan. 166
f l t l * A West, p ref............ ...........50
EfeuiAMUAbk A Saratos**.. . . . . . . . . 0 0 179* 181 180 Jan. 185
Kin Orende We*ieni p r e f ...... 100
35
Toledo A Ohio Central----------- 100 20
75
I M t m d .................................... 100 50
5%
to',, s i. I.. A Kan. OKyil............100
Preferred t !............................... 100
* No price F rid a y ; latest price this week.

rvoL, l x i v .

ja n .
Jan.

f t Indicates actual sales./
Jan. 29.

iKiorrv-B Stock*.
II Indicates unlisted.

JUsrslIsiiM u* Steele*.

i Adams E x p ress.......................... .100
American Bank N ote 0 0 11 . . . .
llAioerlcan Coal............................... 25
A m en oan E xpress...................... l o o
|Atner. Telegraph A C able......... 100
Brooklyn Union G as....... ............ 100
Brunswick Com pany..................100
Ohio. Juno. Rv, <fe Stook Y ards. 100
Colorado Coal & Iron D e v e l...100
Colorado Fuel & I r o n ................ 100
P referred ................................... loo
Ool. A H ook. Coal tr.rots.aBpd. 100
Commercial C ablo.......... . . . . . . . 1 0 0
Consol. Coal o f M aryland___ ..1
Detroit G as...................................100
Edison E lec. 111. o f N. Y . . . . . . . . 100
Edison Eleo. HI. o f B r o o k ly n ..100
Erie telegrap h & Telephone ..1 0 0
Illinois S teel................................. 100
Interior C o n d u it* In s...............100
Laolede G a s ........................... ...1 0 0
P referred ....................................100
Maryland Coal, p re f.................... 100
M ichigan-Peninsular Oar C o .. .100
P referred ....................................100
M innesota I r o n ............................ 100
Natio lal Linseed Oil C o............. 100
National Starch M fg. C o ........... 100
New Central C oal......................... 100
Ontario Silver M ining.................100
Oregon Im prov’t Co. tr. roots.. 100
P ennsylvania C oal..................
50
Quicksilver M ining.................. ..100
P referred...... ..........
100
Standard Gas, pref.II ____
100
Tennessee C o a l* Iron, p r e f ... 100
Texas P soiflo Land T rust......... 100
U. 8. E xpress................................100
W ells. F a rro E x p r e s s ................ 100

Bid.

Ask.

150

155

Range <sales) in 1897.
Loire* t.
150

Jan.

i l T 126’ 125 ja n .
1109% 1 1 0 % 100% Jan.
90
85 % .1an.
84
00
93
85 Jan.
%
®8Jan.
%

’ 65%
136%

Jan.

% Jan.
Jau.

4

Jan.

4% J an.

37%’ j ’an.
20 Jan.
101% Jan.

37% Jan.
22 % Jau,
104% Jan.

80

5104%

165

125 " J a n .
111% Jau.
91% Jau.
91 Jan.
% Jan.

23

1%

126

3%
4
155 172
33
39

Highest,

1
27

Jan.
Jan.

39

64% ja n .
31% Jau.

67
42

.Tan.
Jan.

” 24*
70
40

•is’

2 2 % ja n .

25
75

Jan.
Jan.

45

50

12 " j a n .
50 Jan.
50 Jan.
14% Jan.
5 Jan.
5 Jan.
10% Jan.

12 ja n .
51 % Jan.
51 Juu.
15 Jan.
6 Jan.
5 Jan.
10% Jan.

80
60

75

.....
8
11

10 %

Jan.

320

1

3
12

1%
11%
102
70

Jan.
Jan,
Jan.
Jau.

1%
11%
102
70

38
97

ja n ,
Jan.

40 "’ Jan.
100 Jan.

5 39%
98 100

Jan.
Jan.
Jan.
Jan.

{ Aotual sales.

NEW FORK STOCK EXCHANGE PRICES.—STATE BONDS J A N U A R Y ‘JO.
SECURITIES.

Bid

Ask.

Alabam a—Clans A , * t o 5 ........1906 104
ClA** B, 5 * ......... ~ ................ 1906 103
98 101
Cl*** C, 4 s ...............................1006
Onrrenor funding 4 s ............ 1920 98
Arkansas—6*.fnnd^tol.l898-1900
do. Non-Holtord
fs , Arkansas C entral R K ............
Louisiana—7», eon*..................i914
Stamped 4 s ......................... ...........
jf * * nnncil* 4* ... . . .... 1914 98% . . . . .

SECU RITIES

New York City Bank Statement for the week ending

We omit two ciphers (00J in all cases.

B ak es ,
<00# omiiteA,}

1Capital] Surpl'a Loans.

A fu ltoB .,,
ffh' # A i,*r$t h t ....
CotiUft^ia!.......... ..

000.0

5W.H
VMJi
J,0<MlrO
1 ,000,0

355.6
423,6
270,8
1,026,71
11>5, ■%
1.292,0
231,8
406,8

30.972,9
2,932,0
'2,761, i i
2,499,9!
5,500,7:
3,432,fF
8,458,3;
4,276,6!
1,743,0
22,673,0
23,675,9
L i 36.8:
21,005,9
8,290,0
4,481.0
3,790,0
24.274,8'
8,038,1
1,353,1 [
2,806,0!
2.677, of
2,5 70,9'

Tennessee—6s, old.........1892-1898
6s, new bonds ______1892-8-1900
do
new aeries................ 1914
Com prom ise, 3-4-5 6s......... 1912
3s
. . . . . . . . . 1913
Redemption 4rg— ................ 1907
do
4*48............ — .,1913
Penitentiary 4 * a s ............... 1913
Virginia funded debt. 2-38...1991
6a, deferred t’ st- reo'ts, stamped.

77%

Ask,

80

62% ‘ 62%
6
6%

New York City, Boston and P hiladelphia Banks:
Uapitai d
Surplus.

Loam.

Specie.

Legah.

Depositt.1 Oin’l’n. Clearing,

Specie. Legals. Deposits.

Bank e f New Y ork, $2,000,0 $1,916,0 $12,340,0 $2,070,0
Uar.hAU&n Co...... .
....... 2.140.2 33,591fO 2,712,0
Merefvaiat»’ „
1.048.2 10,430,6 2,861,4
Mm'h&ulm*. . ...........
2,209,4: 8,472,0! 1,142,0
A m e n t* ——
2,508,4 18,300,5 2,348,9
flEkttttix.................. .
4,198,0:
281,0
22,744,9 5,635,3
Trzdmmm' * - ......... i
2,039,3,
214,0
Ch»micsCi.............. ,
23,919,1 *
'
Merchant#* Exoh’ ge:
4.040,5
m m m u ..
5,910,4
Batcher*’ & tJret’hr*1,
1.258. 1
Me hmiie*' <k Tra*!1*':
1,080,0
Gr**-»wleh.— ........1
912/’
bmzMm Mrnuwdm*t*.'i
2,907,
Bev w b .............
1.385.3
New York.
3.290.4
Aia#- icait K'sclinfige
23.305.0
p&mtmr- <•. . . . . . . .
2*2,922,7;
Mtami way..........
5,953.5!
m ih ..........
7,846,0'
2.1
0581
Mi
12.824.0
5,8.80,4'
1,521,5!
IrrittK .................... ,j
-CRss^n**...... , „ „ „ {

Bid

SECURITIES.

A sk.

5,063,5
278,3:
186,6
587,?!
424,3
1-857,01
050,0
150,0
a ,m o f
6, 020,1 :
153,5:
2,787,1!
1,209,0;
829,0
368,08,550,61
1,496,0!
180,01
416,0!
638,0,
109,0
3,011,9
1,237,4
388,4!
620,5!
1,043,0
m is 1

$
N. Y.*
$
$
$
Jan. 2., 135.980.8 491,175,9 76.342.3 89,640.9 530,785,0 19,600,1 525,331,5
“
9.. :135.660.8 491.116.2 70.893.0 104,108,0 548,038,2 18,907,8 710.293.4
$2,570,0 $13,350,0
580,757,2
“ 16.. 13-1.660,8 491.399.2 77.821.3 113.697,8 557,3SG,3
” *">9,0 16,875,0
“ 23..:134.600.8 490,338,7 79.134.1 118,803,6 563,479,6 m m 608,254,0
Bos.*
7.456.0 158.500.0
Jan. 9.. 69.351.8 168,29-1,0 10.974.0
“ I:!!!;*
69.851.8 168,430 0 11.001.0 8.007.0 159.614.0
" i:
69.351.8 169,077,0 10,904,0; 8.071.0 161.287.0 9,780,0 101,241,1
P hila. 71,160,5
35.104.0
103.449.0
Jan. 9.. 35.203.0 100,382,0
62,939,7
106.107.0
35.521.0
“ 16.. 35,203,0! 100,349,0
63,710,3
“ 23.. 35.203.0 100,251,0
36.700.0
106.828.0
* We Q<nii two ciphers in all these flwres*
+ Including for Boston and Philadelphia the item "due to other banks”
OOP

Jan
m, 33* 1897.

B id.

Missouri—F n n d .............. 1894-1895
North Carolina—6s, o ld .......... J&J
Funding a o t............................ 1900
New bonds, J & J .........1892-1898
Chatham R R ..................................
Speotal ta x , Class I ......................
C onsolidated 4 s . . .................. 1910 102 105
6s .....................................................1919 122
Boutb Carolina—4%s, 2 0 -4 0 .. 1933 107%
6 s. n o n -fu n d ...........................1888
%

Miscellaneous and Unlisted B o n d s:
2,44i ;„
19.485.0
18.131.1
5,122,9
8,311,6

003.2;
3 ia,o
r,M.a
1,356,7!
.1,741,0
2,118,8
418,0
6.863,0
9,41.0,0,
873,2 i
4,785*4
4.502.0
1,457,0’
1,351,4
3.071,6
1,095,0,
279.li
625.0,
209,1
593,1
4,480.1
747,8.
048,0;
312.0
604,0
1,551.2

x p g ;!
6.149.8
2.074.8
0,720,9
23.509.0
3.049.0
3.184.5
3.023.6
5.941.8
3.517.7
10.280.4
0,451,0
1.094.0
25.898.0
84.801.0
3.208.5
28.050.4
12.244.0
5.969.0
4.809.0
24,760,9
9.807.8
1,885,2
8.200.0
8. 121.8
2,454,1
21.933.1
7,985.8
3.125.5

tmi'arttrik'A Tr*#l'r# 1,500,0
2.<Ml<C0 3,253,5
? * tl
M**t iU m t...............
142,2
ttesnh
BsMMijt 2,120,3
•*!.-••**«#*»«
i l.t'MK1,0
549,3
■ 800,0
602,0
350, j
N'tntite.,
........ l. tAMJ) 7,03.5,2
T h l f i l . s
J. 1*00,0
200 fj
35. Y. N a-|C ioh‘c«;i
71.7
0o l ,6
«rry
....... i
250,0'
2<.gj,0 422,7?
New 7m k fm m ij.J
760,0
Oan»*«
293,0
I $oo,f) 1,500.0
FSftti A t w w ...........
100,0' 1,087.0 7,262,3:
2WI.0
u*TM&o Bsehsgjee.,
2.432,6
gjmrrm&uiA ....
073,9 3,0H6,7j
v m tm
...... • .§00,0 • 589,8; 5,780,6:
016,0 6,220,5;
l
70g’ 3; 3,640.1
0 *rSb* m l .+.*
| is s ii
200,0 33 4,2: 2*604*51 WMM
t m h .... . . . . . . . . . . j
294,3
Baok rd Use M etre*.
300,0'
803,2 4*468*01 819.7 1,672,8
W««t -M e ...., ..
2m.ty. 328.4 2,181,0
372.0
534.0
........... ..
§ 00,0
$01,5 5,827,0,
3,291,0
700.0
347,1: 1,632.0
m%tb.................. ..
185.0
261.0 i tw45,i
W#*t#ru...... .
2. 100,0
420,0 11,730,0
4,206,1! 13.405,<
300,0;
W%’ f-f
..
1,254,6 0,O61,(
040.7; 5,039,0 l f i S
2f*L If US*m Bank ,
3,200.0!
631,8 8,520*8, 1,712,0j
500,0,
236,7
2,489,4
Liberty N»> fiaak.J
m fm
M. its,
*Ex-Ch'ge_ 5 1,000,0
669.7
318,1 8,481,0
s

$9,772,7 74,888,1 490,338,7 79.134,1 138,803,6 663,479.0

M isc e lla n e o u s B onds.
Miacellaneona Honda.
Br’klyu Un. was,let cons. 6a. *107 ^b. Tni. Good. Ins. deb.
Ch, J un. & 8. Yds.-—Col.t.g.,5* 108 *ab. 51ftnb,at. Beach H, & L. g. 4s. 25 b.
Cob ratio 0 & 1. 1 st coas.Os.g. lo o b. Mefcropol. Tel. & Tel. 1st 5s.. ♦105 b.
Col. C, & J. Bevel, gti. 5a___
Mieb.-Pcaiu. Oar 1st 5a —
Colorado Fuel & I .—Goa, Bs.
Mutual Union Teleg.—<3s,g.
Nat, Starch Mfg. 1st 6s ... ... 100 b.
Col. «fc Hook. Coal I.—6a, g.
Cona.Gaa Co.,Clilc.—latgu.oa 85 ^b. N.Y. & N. J. Telep. geu. 5a..
Coiiaol. Coal conv. 0 s ..„..............
North western Telegraph—7s
Bet. G88 0OD. lat 5 .---- . . . . . . .
79
Peojile’ s Gas &, C. 1 1st g, 6e. T06 b.
Edifion Elee, 111. Co.—1st 5a.. 111 b.
Co., Chicago... . . ) 2d g. 6a. TO6 b.
1 st cons. g. 6a ................. . 101 b .
Bo.
of Bklyn., 1st 5s..
77 b
Bqult, a*L., N. Y.,cona, g.5«.
Standard Rope dk T. Istg.Ss.
20Jflb.
Income 6a .................... .
Equiiablo IL &, F .-lstO a ... * 97%b
BrleTeidg, i& TGlep. 5«, g ,... 99 b. Sunday Creek Coal 1st g Ba­
Honderaou Bridee—lfttg. 6a. I l l b. ll. S. leather—S X deb., g., 6s. 112 ^b.
HIiijois Steel deb, 5a. . . . . . . . .
Western Union Teleg.- ‘73...
Wlieel.L.E.ffcPitta.Ooal lat5a
_
Noii.oonv. deb. 5s . . . . . ----Latest price tills week.
N ote.—*V ’ i mllcates price bid; VP’ price asked.

BAN & &

Bid. ! Ask, | BANKS.
815
172
225
3X0
230
125
150
525
290
4000
500
125
170
204
130
290
125
200

2800
250
3000
120

178*

j.......
174
235
j-......
250
140
1165
. .... .
800
4600
140
208‘
300

jGarfield..
‘German Am.
•German Ex.*
GernmnJa.-.Greenwicli.,.
Hanover.,.
H do & is.
Hud. Hirer..
im .il Trud’ rIrvin g ...... ,
Lea? her Mfs
Liberty’. ....
Lincoln — ..
Manliattan,..
M arkets Pul
Mechanics*.
M’chs’ tfeTrs’
ilercHUtlle,..
Merchant.’ ..
Mercb’t. Ex.
MetropoPs...
Mt. Morris..
Nassau
N, AtnftViaro,
New Y ork...
N. Y. Co’uty

Bid, Ask.
ffo
350

m

85
155
530
140
170
133
750
205
215

fig

165
134

110

t i
204
190
230
050

BANKS.

Bid. Ask.

N .Y.Nat. Ex
115
N in th ........
19th Ward.. 100 __ _
380
N. America. 130
:Oriental___ 175
340 !P acific...... 170
95 iParlt.. ... . . . . 255 270
! People’s ..... 200
550 sPheuix_____ 104 109
160
Plaza*,, ...... 190 205
ProtLEx.*... 120
R epublic.—. 145 i i
seaboard— 169 175
220 secon d ---- - 425
Seventh. . 100
240
Shoe «&Le’th 90
97
195
135
Staieof N.Y. l i b
99 102
175
T h ird........
90
140
Tradeem’n’B.
130
12th Ward*.
U nion-------- 195
, n|Ii; Union Sq — 175
200
Un'd States.
Yorkvllle*.,. i?g ——
Western...... 114 118
240
West S ide.., 275

THE CHRONICLE.

J anuary 30, 1897.]

tfiMTON, PHILADELPHIA

225

AND BALTIWORE STOCK EXCHANGES.

S h a re P r ic e s — n o t P e r C en t ana P r ic e s ,
Active Stocks.
f Indicates unlisted.

Saturday,
Jan. 23.
14

14^

Monday,
Jan. 25.

Tuesday,
Jan. 26.

14%

14%

14%

14%

Wednesday,
Jan. 27.
1438 14%

Atlantic A Pao.
Baltimore A Ohio (L
Balt. City Pass’ger
Baltimore Traction 1

Inactive S tock s.

tS°
JO

«*
00

15
15
*14%
* 1 4 % ........ * 1 4 % .......
61% *60
*60
60% 60% *60
*17% 17% *17% 17% *17% 17% *17% 17%
.....
17% 17%
17^
210 210
209 209
209 210
209 209
208% 208% 208% 208% 208% 209
208 208
Boston A Lowell
“
163 163 *
163
♦163 164 *163 164
Boston A Maine.
“
*10 ......... *10 ......... "10
*10
Central of Mass..
“
*56 ........
57
57% *56
*56
“
Preferred.......
74
75
74% 75%
733e 745s 73% 74%
0 o.Bur.AQuin.
“
75% 76%
763a
76
75% 75%
75% 7 5 *
Ohio. Mil. A 8t. P. (Phil.).
7%
7%
7%
75
q
Oho O AG.vot.t.c
“
23% 23<$ 2 2 % 2 2 %
Oit. 8t Ry.of IndiT “
91% 917S 92
92
92
92
91% 92
Fitchburg pref..(Boston).
29% 29%
29% 29%
28% 28»8 28% 29%
Lehigh Valley.. (Phila.).
109
109
109%
109*
109
109%
Metropol’n Trac.V “
85g
8%
8%
•8 %
8%
8=8
Mexioan Cent’l (Boston) .100
*28
New England....
“
TOO
*60
Prefcried ..........
“ 100 *60 ........ *60 ......... *69
67% 67%
Northern Central (B a l,). 50
13% 13%
13% 13% *13% 13% *13% 13%
Worthern Pacific (Phila.) 100
*33%
34
*33%
3338
34%
*32%
33%
34%
^Preferred
"
100
177 177 *178% 177
177 177
Old Colony....... (Boston) 100 177 177
52
52%
52%
52%
52%
52%
52%
5178
Pennsylvani a . . . (Phila.). 50
12% 131,e 1215,8 13 z18 131,6 13%.
1278 13'ie
Phil. A Readings
“
50
70
70% 70%
70
70
70
70
70
Philadelph. Trao.
**
50
73«
7%
7%
7%
7%
738
Union Pacifio...(Boston).100
778 7 78
10
1
0
%
10%
10
10% 1 0 %
978 9%
Union Traction..(Phila.). 50
M is c e lla n e o u s S to c k s
116% 117% 117 117% 117 117%
Am.8 ug*r Reiin.1l (Boston)---- 116% 117
103 103
103% 103% 103% 103% 103% 103%
Preferred.........
“
213
213
212
212% 2 1 2 % 212
Bell Telephone..
“
100 212% 213
Boat A Montana.
“
25 103% 104% 103% 104% 104% 107% 106% 108%
1 0 % 1 0 % 10% 10'% 10% I0 7a 10=8 11%
Batte A Boston.!
44
25
355 360
360 360
355 330
Oalnmet A Heola
44
25 35C 350
*60
65
65
65
*60
*60
Canton C o .......... (Balt.). 100 * ....... 65
61% 6 1 % *____
62
•61% 61%
Consolidated Gas
**
100 *........ 62
30
30
2978 30%
Elec.Stor. Bat’y\\(Phila.). 100 30% 30%
32
32
32
32%
32
Preferred 11
“
100
325s
•66 ........
6 6 % 67
66% 66%
Erie Telephone.(Boston). 100 •6 6 % 67
34% 34%
34% 34%
35
35
3478 35
Qeneral Electric.
“
100
78
77
77
*77
73
78
■77
Preferred------100 •77
*37%
38% 39
38
33
37
37
Illinois Steel . . . .
“
100
2 1 % 2 1 % 2 1 % 2 1 S,
22
Lamson 8tore8er.
"
50 *2 1 % 2 2 % *21
40
40
40
40%
41
41
MO
41
Lehi’h CoalANav. (TKila.i 50
103
103 103
.03
Iff. E.Telephone (Boston). 100 *........ 103 *102 103
Po Ffflof:t£.&Povr(Phila.).......
14% 14%
14%
14% 14%
14%
it*
11=8
73
73
72 70 73%
73
73
73
Unit’d Gas Imp.1T “
50
73
46%
48% 46 *4 46
Weisbach Light Ti “
5
•2
2%
*2
2%
•2
Wes* End Land ..(Boston) .
2%
•2
2 i,s
* Bid and asked prioes: no sale was m ade.
Bid.

Ask.

Bonds.

Prices of January 29.
Atlanta A Charlotte tBalt.]

Thursday,
Jan. 28.
14%

14%

Friday,
Jan. 29.

143s 14^
*%

*15
*60%

16
61

*60
61%
*......... 17% *1714 17%
__. . .
....
*17% 17*3
209% 210 *209% 210
*2 0 8 % ......... 209 210
162% 162% 163 1631$
‘ 10 ......... *10
12
*56 ......... *57
59
73% 74%
73 % 74%
76
76%
76
763g

7i$

7*

21% 2 1 7e 23
23
92
92 ’ *91i« 92
29
29
29i« 2914
1091$ 1091$
110 110
9
9%
9
9
*40
42
*60 ......... *60
65
*67
68
14
14 % 1414 14%
35
35
35i$ 36i$
177 177
T77 1771$
52
52%
51% 52
131,6 13%
1318 13%
70
70%
7014 70%
*7
7%
*7
7%
9%
9%
9%
9%
116% 117%
103% 103%
212% 212%
106% 1075g
11% 12%
360 369
F5
65
61% 61%
3 0 * 30%
32% 32%
66
66%
34% 34%
77% 78
*37% 38
2 1 % 22
MO
41
103 103
14% 11%
73
73
46% 46%
21,6 21,6
t Trust

Bid

Ask.

8 ales
of the
Week,
Shares.
1,950

Range of sales in 1897,
Lowest.

13% Jan.
18 Jan.
45 15 Jan.
50 59% Jan.
17 Jan,
60 17% Jan.
75 209 Jan.
76 205 Jan.
23 162 Jan.
10% Jan.
26 57 Jan.
11.871 69% Jan.
6,520 73 Jan.
7 % Jan.
155
370 2L% Jan.
113 91 Jan.
3,224 28% Jan.
553 109 Jan.
1,191
7% Jan.
37% Jan.
6 ) Jan.
5 6 7 % Jan.
1,760 13% J*n
1,700 33% Jan.
172 176*$ Jan.
3,079 5 1% Jao.
14,160 12% Jan.
2,390 6 6 % Jan.
500
6 ^ Jan.
2,917
8 % Jan.

116% 117
103% 101

Highest.
15 Jan.
*37% Jan.
17% Jan.
62% Jan.
17% Jan.
17% Jan.
210 Jan.
2 2C9 Jan.
2 166 Jan.
‘
11 Jan.
5 7 % Jan.
76% Jan.
77% Jan.
8 % Jan.
25% JaD.
92% Jan.
30% Jan.
1103* Jan.
9% Jan.
37 % Jan.
61% Jan.
68 Jan.
14% Jan.
36 *$ Jan.
177% Jan.
52% Jan.
14 Jan.
70% Jan.
9 Jan.
10% Jan.

10,991 110 Jan. 5
1,029 100% Jan. 6
339 205% Jan. 4
21,556 94% Jaa. 2
107H 109
11 % 12 % 35.615
6 Jan. 11
157 326 Jan. 2
360 360
*60
6>
10 60 Jan. 8
61% 61%
116 60% Jan. 6
30% 3 0 %
1,045 27% Jan. 7
919 30 Jan. 5
32% 33
66% 66%
296 64 Jan. 4
34% 35%
1,172 32% Jan. 2
77
77
116 74 Jan. 2
36
37
455 31% Jan. 11
22% 22%
216 20% Jan. 6
*40
41
123 40 Jan. 22
103 103
156 1 0 L%Jan. 2
983 13% Jan. 5
14% 14%
762 71 Jan. 6
72% 73
240 42 Jan. 4
46% 47
2
2
115
1% Jan. 5
t Trust reo.,all instal.

212% 212%

Bonds.

118 Jan.
104 Jan.
2 i3 Jan.
109 Jan.
12% Jan.
36<J Jan.
65 Jan.
62% Jan.
30% Jan.
33 Jan.
67 Jan.
3 5 % Jan.
78 Jan.
41% Jan.
23 Jan.
42 Jan.
103 Jan.
15 Jan.
73% Jan.
47 Jan.
2% Jan.
paid.
Bid

18
13
8
4
19
18
6
27
18
20
25
18
19
14
20
21
2
5
28
19
7
13
29
29
20
21
18
29
7
IS
18
29
21
29
29
25
28
15
29
29
19
18
20
18
9
14
26
22
18
12
19

ABk

72
96 | 96%
People’s iTao. trust oerts. 4s..1943
Boston United Gas, 2dm. 5 b .. 1939 5 70
Burl.*Mo. River Exenpt 6s, J&J {Il6>s 1171* Perklomen, lat aer.,5a.l918, Q—J
D 91% 93
V 260 265
Phila. A Brie gen. M. 5g.,1920, AAO
Non-exempt 6s....... ..1 9 1 8 , .TAJ floe's 107
120
D
Plain 4a..........................1910, JAJ
Gen. mort., 4 g ........... 1920, AAO 104
_____
Datawisea......
“
Otilc, Burl. A Nor. Iat5,1926, AAO
81% *8*i%
Phila A Bead, new 4 g., 1958, JAJ
....
59
2d mort. 6 b ___ _____ 1918, JADj
1st preferred..........
“
46%
lat pref. Income, 5 g, 1958, Feb 1 46
Central Ohio________ (Balt.)
31%
Debenture 6a . ........... 1896, JAD
2d pref. Income, 5 g, 1958,Feb. 1 34% 35
5
Chicago A West Mieh.(I?o*/on).l 1
8
Ohio.Bnrl.AQulnoy4s .1922,FAA
32%
8d pref. lnoome, 5 g ,1958,Feb. 1 32
146
120
Connecticut A Pass..
**
1 1 144
Iowa Division 4a....... 1919, AAO
2d, 5a...................................... 1933,AAO
Connecticut River .
“
1 1 245 250
Ohio.AW.Micb. gen. 5a, 1921, JAD
Consol, mort. 7 s......... 1911, JAD 129
Cbnsol. Tractof N.J.H(PAtfa.).l 1 29
30
Consol, of Vermont, 5a.1913, JAJ
Consol, mort. 6 g ___ ..1 9 11 , JAD
Delaware ABound Br.
“
1 i 165
Current River, 1st, 5 s..1927, AAO|
Improvement M. 6 g.. 1897, AAO 103% 104%
12
Flint A Pere Marq...(Boston). 1 1. 10
Det. Dans. ANor’n M. 7a. 1907, JAJj
Con. M.,5 g..stamped,1922,MAN 103 103%
Preferred .................
“ 1 I 30
31
Eastern lat mort 6 g .l9 0 6,M A 8..
Terminal 5a, g .....1 9 4 1 , Q.—F. 113 113%
i 50
Hestonvllle Passeng. (Phila.).
51
Eree.Elk. AM.V., 1st,68.1933, end.)
Phil. Wllm. A Balt., 4 s .1917, AAO 102
Preferred <1...............
44
60%
Unstamped, lat, 6s, 1933............
PIUS. O. A 8t. L., 7 8 ....1 9 0 0 , FAA n o
Hunt. A Broad Top.. .
“
K.C. C.ASprine.,lat,5g.,1925,AAO
Rochester Railway, oon. 5s ..1930
96
i ....... . 22
97%
Preferred. .................
“
49% K C. F.8 .A M . oon.6a, 1928, MAN
i 48
8ohuyl.R.E.81de,lst5 g.1935, JAD 104
Kan. C’yFt.8. & Mem.(Bo#lon).l i
10
5
K.C. Mem. A Blr.,lst.2a,1927, MAS
Union Terminal 1 s t5s...........FAA' 100
......
Preferred .................
“ 1 i 35
50
K.
C. 8t. Jo. A C . B .,7 a ..l9 0 7 , JA-Tl
Little 8chnvlkili.........(Phila.).
51%
A t l f n T a M f . ' i S ^ f i o o ; , J A , 120
L. EockAFt 8.. la t,7 s ..1905, JAJ
125 130
Baltimore Belt, 1st, 5s. 1990, MAN
91% 92%
Loals.,Ev.A8t.U.,lst,6g.l926,AAO
Mine Hill A B.HaveD.(PhUa.)
56%
Balt. C. PaaB. 1st 5s .. 1911, MAN 113 114
2m., 5—6 g............... .1936, AAO
Wesauehonintr V al. . .
**
55%
Mar. H. A Out., 6 b....... 1925, AAO
Balt: Traotlon, 1st 5s . 1929, MAN 110
Forth American Co..
44
Extern A impt. 6s .. . . 1901, MAS 1- 6 106%
Mexloan Central,4 g . . . 1911, JAT
Worth Pennsylvania.
44
86%
No. Balt. Dtv., 5s. ...1 9 4 2 , JAD| 109 109%
lstoonaol.lnoomes.Sg.non-onm
16
16%
Baltimore & Ohio 4 g., 1935, AAO, 101
2d ooneol. lnoomes. 3s,non-oum.
N. Y. A N.Eng,, 1st, 7s,1905, JAJ'
Pitts. A Conn., 5 g___1925, FAA
Phila leL A E r ie ......
"
Staten r«land, 26, 5 *.1926, -TAJ ......... 1 ........
>1 *19*”
1st mort. 6 b. . ..............1905, JAJ
Rati d ................. mm(Boston)
Receivers’ oertitiottes, 6s ..JAD 103% 103%
% Ogden. AL.C.,Con.6s. . . ’.920, A AO,
>'
l4
Preferred...............
*'
' 25
50
Do.
(Maryland Construe., 5 s .......j 93
95
Inc. 6s ...................................1 9 2 0 [4
1 15
Southern................ .
(Bali.).
Rutland, 1st, 6 s .......... 1902,MAN 5105 107 | Do. Pittsb. A Connells., 5s..JA J 100
>
9%
Preferred.....................
“
Bal.AOuio
6.W.,lsG,4i$g.i990,
JA
i
! 2d, 5a.......................... 1898, FA A 5 95
97%
100%
98
West End......... . . . . . (Boston).
OapeFAYad.,8er. A..,6tc.l916, JAI
> 64% 65*’
60
68
Preferred
_r
89% 90
AtlaS?0n^ r i ^ ^ . e,l l ^ M A N 105% 106
Oont. Ohio, 4% g .......1 9 3 0 , MA8
98
. J .. ( Phila,> .l > 245
United 1 os. of
Buffalo Ry. con. lat, 5s.......... 1931 110 in ! Cent. Pass., 1st 5s....... 1932, MAN 113 |114
West Jersey
......
,r
....... ........
....... j Oatawtasa, M., 7 s ......1 9 0 0 , FAA
City A 8 ub., lat 5a___..1922, JAD iu% ! 12%
We 1.Jersey Jr. Allan.
**
....... ijChoo. Okla. A Gulf, prior lien 6a.. 109 * no j Chari. Ool.AAug.ext.5s.1910, JAJ 107%!
—
Western N.Y. A Penn
44
llt% I lls ,
2%
3 ; Citizens' 6t.Ry.of lud.,oon.5a,1933
75
78%'
WiBConsl Central.. .( Bostwr})
2 % Columb. 8t. Ry„ 1st, con. 5s.. 1932
102% 103%
2
Preferred....................
“
Ga.
Car.
A
Nor.
1st
5
g
..l9
2
9
,
JAI
10
;
Columb.
O.
Crosstowu,
lat,5a.1933
81 I 82
1 3
Woro’Bt-Nash.ARoch.
44
115 118 |.ConsoL Tract, of N. J., l8t.5a.1933 *8*9% *8*9% Georgia Pac., 1st 5-6*.. .1922, JAJ 112% L14
MISCELLANEOUS.
944,
Geor.
8o.
A
Fla.,
1st
5
s..
1945,
JAJ
125
95%
IDel. A B’d Br’k, 1st, 7 s.1905, FAA
AUonez Mln’g, asst pdf Boston)
1 j
INorth. Cent. 6 a . . . . . ...1 9 0 0 , JAI 1 0 7 * 108
108%
%
Atlantio Mining.........
“
6 a............ ...................1904, JAJ 112
25
25%'
737s 74
Bay State Gas U.........
“
Series A , 5 a .. . . . . . ...1 9 2 6 , JAJ 111
5%
5%
118
Boston Land.................
11
4 % s ....................
.1925,AAO
107
4% Hestonvllle M. A F., con, 5a.. 1924 112
4%
Centennial Mining...
**
Pitt*. A Connells. 1st 7S.1398, JAJ 103
5%
5% Hunt. A Br'dTop,Oon.5B.’95,AAO 107
Fort Wayne Elect.TL.
“
1
j8 o ithern. 1st 5s........... ..1 9 94 , JAJ
1 % Lehigh Nav. 4%s.......... 1914, Q -J 112
90%
Franklin Mining___ _
“
13
Virginia Mid., 1st 6s ... 1906, MAS 112
25
13%
2d 6 a, gold........ ....... 1897, JAD 102%
Frenchtn’n’s Bay L’d.
44
General mort. 4%8, g .1924,0—F 10 2% ___.
■25
•50
2d 8eries,6s... . ... ....1 9 1 1 MAS 114 118
Kearsarge Mining....
“
3d aeries, 6s . . . . . ....1 9 1 6 , MAS
19
19% Lehigh Val.Coal lat 5s, g. 1933, JAJ 96
97
Osceola Mining..........
“
31
34% Lehigh Valley, 1st 6a...1898, JAD 104%
4th aeries, 3-4-5s____ 1921, MAS
Pullman Palace Car.
44
2d 7e............................. 1910, MAS 132
5th Series, 5s.............. 1926. MAS
158 158%
30
Consol. 6 . . . ....... .........1923, JAD 116%
28
West Va C .AP. 1st, 6 g. 1911, JAJ
Preferred U.......... ”
“
75
Newark Passenger, oon. 5a... 1930 106 106% Wllm. Col. A Aug., 6s..l9i.O , JAD
jlnlnoy Mining.......... (Boston). 25 116 110% North Penn, lat, 4s___1936, M'zN 111 112
MI8CELL4NEOU8.
xamaraok Mining....
44
25 119 120
Gen. M. 7a....................1903, JAJ
120 Baltimore Water 5 s...1 9 1 6 , MAN
Water Power............
44
100
Paterson Railway, oonsol. 6s .........
Funding 5a . . . « ..,.1 9 1 6 , MAN
i
%
Westtngh. Elec. A*M..
“
50 24
24% Pennsylvania geu .8a,r..l910, Var i*3*6%
Exchange 3%a....................1 9 30 , JAJ
Pref., cumulative.
60
Virginia (State) 3 8,new. 1932, JAJ
50% 51
Consol. 6a, o
............1905, Var 119
Funded debt, 2-3s....... 1991, JAJ
Consol. 5s, r________...1 9 1 9 , Var 119%
OhesapeaKeGas 6a.....1 9 0 0 , JAD
4b, 1905 580
Oollat. Tr. 4>* g.......... 1913, JAD 110
80%
Adjustment g. 4b. 1995................ 548% 49
a. A N . Y . Canal,7 b. . .
i 6,JAD 121
Oonsol. Gas, 6a—
...1 9 tO ,J A D
Besto United Gas 1st 5 b............... $84 1 85
5 s ________ _______ —.1939. JA f
Con. 5s................. ........1939 AAO
108
"Priestunlades overdue ooopon.

IT Unlisted.

5 And aoorued Interest.

THE CHE ONI OLE.

226
NEW

YOKE STOCK

|VOL. I X IV.

E X C H A N G E P R I C E S (C o u t i n g e d )— A C T I V E B O S D S J A N U A R Y 31> A N D F O R Y E A R 1 8 9 7 .

_ ........... .. u t
m n u A m o m b o * o*.

, . ,

Oiosing Mange (ta les) In 1897.
I
■■
...... -...........
2 9 ,: l.mrstt. j Highest.

1Pi «t rrM#* .J| am

R a il r o a d and
M wckllankoos B onds .

(jlotuuj
Int'rt Price Range (sales) in 1897.
IPeriod Jan. 29.
Lowest. I Highest.

M lnm ASt L.—1st oon.5B,g.l934 M & N 102
100 Jam 102% Jam
Mo. K. A K,—1st 5 s ,g .,g m .l9 4 2 A A O 9l*sb. 92% Jam
95% Jam
84*8
M. K. A T exas.—1st, 4a, g . 1990 J A D
82 Jan.
81*2 Jan.
62%
2 d , a s , g .......... ................1990 F A A
59% Jau.
62% Jam
90 a. 80 Jau.
Mo. P ac.—ls t .c o m .6 g ....... 1920 M A N
Jam
87% Jam
3(1, 7 s ........................ ......1 9 0 6 M A N 110 a.
Jam
0 o t Midland—Cton*-,4g. 11H0> A A t
Pao. o f Mo.—le t, ex., 4 g .1938 F A A 103 b. 100% Jam 100% Jam
Jan.
Ati, * p »e,—O sar.
—
2d ext. 5 s ....................... 1938 J A J 101 *sb. 101% Jau, 103% Jam
Jau.
St. L. A ir . M t 1st e x t , 5s. 1897 F A A 103*2 102 % Jam 103% Jam
Jau.
2d, 7 g ........ ....................1897 M A N 102
101 *3 Jam 102% Jam
Cairo Ark. A Texas, 7 g .l8 9 7 J A D 99*ab. 98 Jau.
99 J am
Gen. R’y A land gr.,5g,1931 A A O 75 b. 73*a Jam
70*a Jan.
aklym tTm '*.‘J .u t l i o n lv i
J * J 107 ;* |u j s % Jam
J
A
D
118
b,
M
obile
A
Ohio—Now
Og
...1
9
2
7
117 Jam 118 Jam
B 'k ly u W b rf A W .Q — l«Lr5 s, « . ’45 F A A, lo O 's
OlHs.luit. i*»l Jan.
General m ortgage, i s
1938 M A S
67% Jam
06% Jam
rre.-l*t..N ».iO ua j A J n o
n o s Jan. .110 ja u .
sas.
. . . . . . . . . . ; „ . 19 13 ; M * U 107 b. 105 Jau. 107 Jau. I Nash. OH. A S t .L - lB t , 7 a.. 1913 J A J 123*2 127% Jam 128*3 Jan,
Consol., 5 g ........................ 1928 A A O 101 L*. 100 Jam 101 *2 J am
CtolVal
d»a*.,.7Al8t«t) Q - J
I0 7> *b .jl06% Jau. i107*4 Jau.
N. Y. Central—Debtoxt.4s.1905 M A N 102 b. 101% Jam 103 Jam
1 s t OBupan, 7a..................1903 J A J 118 >eb. 117% Jam 118% Jam
O ^ r a f i a * r t J « ^ " '« - » W 7 J U
U g te U d te J M I. ln « % J W i .
Dcbam.OB, coup,, 1884. .1904 M A 8 107%t>. 106% Jau. 107*3 Jam
f o V * w*
I900i t9 r % ^?5 H H H Jan. 1104% Jan.
N.
Y. A H arlem ,7s, reg.-1900 M A N 111 >4 b. 111% Jam l U % Jam
...........
......
>0
b
.
W f4 o M » 5 » '
£ **L
R.W. A Ogd., oousuls, Ss.19’22 A A O 119%
117% Jan. 119% Jam
A-tAl, iJtMjJl & *.*»*!"•|■*»_**.*♦» —-- —- ! * . *• ,110'aa:
, ■. 1vi'i.j jam 115 Jau.
W est Shore, gaar., -Is___2361 J A J 100 % 105 ,1an, 106% Jam
Central Paoihe.—
Gold, 6^.1898
6 s .1896 *;
*1 A J lOOtab. 100 Jau. I00ra Jan.
He.-Oold,
N. Y. Ohio, A St, L .—i K ...1937 A A 0 105
103% Jam 1 06 Jan.
Chan. A (Mil... #er. A. tig..M 0 § A A Oj 119 HP* 119 Jan. 120‘s Jau.
118 *-). 1au. 119 *8 Jan. N. Y. Lack. A W . - l at, 8 s .. 1921 .1 A J 131*sb.
M ortg ag e,® *............... " J o H M A S no * IOTA J tin. 110 Jail,
C onstruction, 5 a ............ 1923 F A A n o b. 118 Jam 118 Jam
l»tpO !ssol„5(!...................19 J9 J { i ‘o
N.Y.L.E.AW .—Ist00n ..,7g.l920 M A 8 142 a. 139*2 Jam 141 Jan
75%
73 M Jim.
76*2 Jau.
Ges w a l l >9*. g ................jSSH il * T
Long Dook, consol., 6 g . 1935 A A O 133*!>b. 133% Jam 134 Jam
R.
A A .lM r ..l»te « jn ..4 g .l9 8 9 100*4
J f J 97 Jan. 100*a Jail.
K Y. H. H, A H .-C o n . deb. otfB. A A 0 138 a. 135 Jan, 137*2 Jam
80 >3 Jan.
••
2d com . 4 « .. 1989 J * £ 89»s
86 Jan.
N.Y.Ont. & W .-fte f.i6 ,K .1 9 9 2 M A 8 92
92 Jam
88% Jam
Site. L*x. A Big. 9 am,5g. 1902 “ * 8, 101 b. 100 Jau. 100% Jan.
Consol., 1st, 5s, g ............ 1939 J A D 108 *4b. 103*2 Jan. 108% Jam
■Chic. Burl. A Q. Cou. 7 ».1 ® «3 J & J 110 14 110 Jau, 116% Jan.
N .Y.Sus.A W. le t ref.,5s, g.1937 J A .1 101 »2b. 100 Jan. 103*a Jam
08 Jan.
Debenture. S i ....... .........1813 M A S * 97 b. 97 Jau.
Midland o f N. J., 6a, * ...1 9 1 0 A A O 116 b. 117 Jam 117 Jan.
Convertible 5 s . . , . .......... 1 9 0 8 " “ J 10! >2 I00*s Jan. 101*2 Jan.
95 a. 94 J uu. 96*2 Jan. Norf. A W.—100-year. 5 s,g. 1990 J A J
163 Jan. t63 Jan.
D enver Division 4 s........ 1922 F * *
No.
P ad ilo—1st, coup. 8 g .l9 2 1 J A J 114*2b. 113 Jam 115 Jam
88®ab,
88%
Jam
87M
Jan.
Nebraska Extension, 4*.1927 M & »
General. 3d, ooup., 6 g . ,1337 J A D t 81
17 7**3 J an. 181 Jam
Bam A St. Joe.—C0H8.6e.l911 '1 a b 120*20. 119 Jan. 120 Jau.
Consol, m ortgage, 5 g .,.1 9 8 9 J A D 57%
154% Jan. (5 7% Jan,
CM ft. * E. 111.— 1 st, ft. 1. 68.1807 J A > 114 b.
86%
H o.P a e.R y —P o lle n ry-.Al.g.4s Q - J
88% Jam
C onsol e g .........................1934|a * O 123 >-3b. 121 *a Jau. 124*3 Jam
85*2 Jam
Q
F
99*2
53%
General
Hen
3
g
...............2047
53% Jam
100t3
Jan.
51% Jau.
99
Jan.
General consol., 1st 5 s ..l9 3 ~ J J A N
No. Pao. A M o n t—6 g ........1938 M A S ‘ ! 43*2b. 141% Jam 144 Jan.
C hicago it Erie.—I 8t, 5 g ..l9 8 2 M * * l l L s
110*9 Jau. 112 .Jam
A
94 HO. 93 Jan.
No. Paoiflo Ter. Co—6 g ___1938 J A J 106*2 101*2 Jan. 108*2 Jam
94*4 Jan.
C hlc-Gae L. A G.—1st, 5 g .. 1937
A J 130% 128 Jau. 131 Jan.
Ohio A Miss.—Corns.!., 78.1393 J A J 102%b.
Q u o. MSI. A S t P ,—0on .78.l9 05
A
'
116
b.
Ohio
Southern—1st, 6 g .,.1 9 2 1 J A D 80*2
85 Jam
90 Jau.
rest! Ur., 6a..1909
115*8 Jan. 117 Jan.
&
116*4 b. 115*2 Jau, 118 Jan.
l 2*ab. 114 Jam 115 Jam
General m ortgage, 4 g ..l9 2 1 M A N
let, 8*>. Minn. D lv „ 06..191O
A
112%b.
85 b. 185*a Jam
Oregonlinpr.
Oo.—I s t 6 g ..l9 1 0 J A D
112 Jan. 112 % Jan,
lsl.Cli.A Pm .W.D1v.Sb..1921
90*4 Jam
A
Consol., 5 g ...........
1939 A A O 118*34. 116*3 Jam 11S Jam
106*2 Jan. 110 Jam
O d e. ft Mo. R lv.D iv..5a..l926
A J 111 a. 110*3 Jam 111 Jau.
Ore.R.&Nav. Co.—1st, 6 g .l9 0 9 J A J i l l b. 110 Jam 111*2 Jam
Wise. A Minn., Dlv ,5 g ...l9 2 1
A J l l l % b . 110 *2 Jam H I Jam
82%
Orc.RR.&NaT.consol., 4 g.1946 J A D
80 J am
Terminal, 5 g .................... 1914
82% Jam
A J
Penn. Co.--4*2g, ooup....... 1921 J A J n o b. 109% Jam 111 Jam
99
96 Jan.
99 Jam
Geo. M., 4 g „ eerlesA -----1989
A D 117*ab. 118 Jan. 113 Jan.
Peo. Deo. A E vansv.—6 g . 1920 J A J 103 b. 100 J an, 103% Jam
Mil. * K o r .—lBt,oon.,68.1913
Evans. Division, 6 g ....... 1920 M A S 10* b. 101 Jan. 104 Jam
CMe. t!t S . Pao., 1st. 5 g ..,.1 9 1 0 A A O t 43% *40 Jan. 144 J an.
2d m ortage, 5 g ................ 1926 M A N 127 b, 27 Jan.
27*2 Jam
Cblc. A S . W.—Consol., 7a.1915 Q - F
141% 140 Jam 111% Jan.
J
A
L
117
b.
Phlla. A Read.—Gom, 4 g .,1 9 5 8 J A J 1 81%
Coupon, gold. 7 b.............. 1902
116 Jam 117% Jam
ISO Jam 181% Jam
46% t 46*4 Jam 148 J am
1st pf. ino., 5 g, all la s t pd.’58
Sinking fund, 6*.............. 1929 A A O 116 b. 114 Jan. 116 Jan.
2dpf.luo., 5 g., all Inst. pd.’ 58
i 34*2a. t34% Jan. 136% Jan.
Sinking lan d, 58.............. 1929 A A O 108 b. 109*2 Jau. 10 0 's Jau.
132 b. 1 32*4 J ail. 134*4 Jam
3d nf.ino., 5 g., all lust, pd.’ 58
Slaking luod.tlebeu.. 58.1933 M A N 112
110 % Jam 112 Jam
A J
Pittsburg & W estern—4 g . 1917
75 a, 74 Jam
25-year debenture, 58...1909 M A N 106%’J. 106 Jau. 107*4 Jam
74 >2 Jam
A J 74 a, 72*2 Jan.
R lnG r. W estern—1st 4 g ..1939
Extension. 4“ .......
1926 F A A 102 *20. 101 Jau. 1 0 ! Jan.
74 Jam
48 b. 147*2 Jau. 149*2 Jam
S t Jo. & Gr. Island—6 g ..l9 2 5 M A N
Cb’.e. K .i. A ! ’ai'.--t»s.i.'oup. 11117 J A J 128 *2b. 128*3 Jau. 123*a Jam
S t L, A 8au F r .-6 g .C L B .1 9 0 6 ■ MAN *U 2% b. 112 Jam 114 Jam
Extensloa andcoL , 5 a ,..1934 J A J 102 % 101% Jau. 102*8 Jan.
General m ortgage, 6 g .,1 9 3 1 J A J 110*3b. 108% Jan. 110% Jan,
30-year debenture, 5 « .-.1921 M A 8 96 b. 93 Jan.
96 Jam
Cons. guar. 4s, g.............. 1990 A A O
Cmio, St. P. M. A 0 .-6 S ...1 9 3 0 J A D 128*3b. 126 Jan. 129 Jan.
Q
-M
Chic. AW, Inti,—Gen.,g.,6s. 1932
St. L. & 8. F. UK. 4 g.........1996 J A J
116 b. 116*2 Jau. 117*4 Jau.
63%
64 Jam
62*2 Jam
S t L. A SO, W.—1st, 4s, g.19 89 M A N
68 *2b. 69 .Tan. 70 Jam
d e v . Lor. A Wheel.—5 8 ... 1933 A A O 104**a. 102 Jam 102 Jan.
2d, 4s, g., I n c o m e ______I960 J A J
27 a. 25% Jam
f t C. C .A I.—C onsol.7g ...1 914 J A D 132 b. 131% Jam 132 Jan.
28 Jam
S t P.M.A M.—D ak.E x.,6 g . 1910 M A N 119 b. 116% Jan. 119 Jam
GexeraJ consol., 6g ------- 1934 J A J 125 b. 123*4 Jan. 124 Jam
1st consol., 6 g ................. 1933 J A J 123 b. 123 Jan. 124 Jam
C.C.C A 6 tL .-P bO .A E .,48.1940 A A O 74*2b.
3 Jan.
75 Jan.
10 b.
Incom e. 4 s ........................1990 April.
“
reauoedto 4*2 g J A J 103%
102*2 Jan. 103*8 Jan.
M ontana extension, 4 g.19 37 J A D
89 b. 87%. Jam
OoL A 9 ill A re, gu. SB, g ..l9 9 3 M A 8 116%b. 117 Jan. 117*4 Jam
90 Jam
O ol.H .V a !.A T oi.-C ou ..5g.l93 1 M A S 70
88% Jan. S an .A n tA A. P.—lst,4 g .,g n .’43 J A J 57
68 Jan.
57 Jam
54% Jam
S eat L. 8. AiJ., 1 s t ,gn. 6... 1931 F A A
35 b.
General, 6g . . ....................1904 J A D 71
03 Jan.
87 Jam
Denv. A KioGr.—le t,7 s,g . 1900 M A N 111*2 111 Jan. 111*2 Jan.
80. Car. A Ga.—1st, 5 g .,.1 9 1 9 M A N
85 b.
80. Paottlo, Ariz .—6 g ... 1909-10 J A J 91 b. 91 Jam
1st OossoL, 4 K................. 1936 J A J 88*2
89 Jan.
88 Jan.
94*4 Jam
A J 100
So. Pacific, Oal.—6 g . . . 1905-12 A A O 108 b. 108 J an. 108 Jam
Out. bo. Sb, A A t!,—5 g ___1937
99*a Jan. 100 Jam
& J 100*2 104*8 Jan. 100*2 Jau.
Edlecm Ei. l i t —lBt,eon.«.5e.’9S
1st consol., gold, 5 g .......1937 A A O 86*4
85*4 Jam
86% Jam
& J 93*ab. 93*2 Jan.
Erie—4, k, prior bonds___1990
94*2 Jan. So. Faeltlo, N. M,— 6 g ....... 1911 J A J 101 % 102 Jam 101% Jam
A J
Oenersl, 3A , k ................ 1996
Southern—1st cons, g, 5 s .1994 J A J
64
90 a. 89 Jau.
(12% Jan.
65 Jam
91 Jam
A D 55
E. Tenn.reorg. lien 4-5s. 1938 M A S 85
Ft. W. A lien. City.- 4 - 0 g,1921
53 Jan.
55 Jan.
89% Jam
89 J an.
Gsl.H.ASaa.A n-M. AP.JA1 st,5g M A N ' 88 b. 89*s Jan.
E .T . V. A G .—1st, 7 g ,...1 9 0 0 J A J 108
91*4 Jan.
107*4 Jan. 103*8 Jam
B en .E lectric.d eb. 6 « .g ...l 9 2 2 J A D 95%b. 90*2 Jan.
Con. 5 g .......................... 1956 M A N 108
95*8 Jan.
107 Jan. 108*2 Jam
Hous. A T. C en t gen. 4tt, g.1921 A A O ’ 64 b. 68 Jan.
Georgia Pao. letS-Ss, g .,1922 J A J 112 b. 10 7% Jam 113 Jam
66 Jau.
DUnots Central.—4a, e ___.1953 M A N 100 b. 99*2 Jan. 100 Jan.
K noxv. A Ohio 1st 6 s,g .. 1925 J A J 113*2
112 Jam 113*2 Jam
Western Lines, 1st, 4a, g 1951 F A A 103
RIoh. A D anv. 00m 6 »,g ..l9 1 5 J A J llO Ljb. 117% Jan. 120 Jam
103 Jan. 103 Jan.
We8t.No. C arl Hteon. 6»,g 1914 J A J I l l b. 111*2 Jam 112 Jan.
Xat AOreat N o r . - l 8t,6 »,« 1919 M A N H9*ab. 117*4 Jau. 119*2 Jan.
2d, 4-5 a.............................19 09 M A S
76
Standard R op eA T .,lst,6 g .l9 4 6 F A A
73 .Tam 76 Jan.
77%
79% Jam
7 4 Jan.
96*4
Iow a CentraL—1st,5 g . . . . 1938 J A D
Tenm O. I. A R y—Ten. D.lBt, 6g A A O 85 b. 82 Jam
98 Jau.
97*a Jau.
84% Jam
Kings Co. Eley.—l e t ,5 g ..1925 J A J ' 45 b. 45 Jau.
Birmingham D lv., 6 g . . . 1917 J A J 86 a, 85 Jam
45 Jan.
87% Jam
Lnofede G m .—1st, 5 « , g . . . l 9 l 9 Q - F
94*4b 93*a Jan,
94*4 Jan. T exas A Paoiflo—1st, 5 g ..2 0 0 0 J A D 88 %a. 85% Jam
89 Jam
Lake Erie A W * e * t-5 g ....l0 3 7 J A J 113*2 113*2 Jan. 115*4 Jam
2d, Incom e. 5 g ................ 2000 Maroh
21%
23 Jam
19% Jam
L. Hhore.—Con,op., le t. 7*. 1900 J A J 110 *81*. 110% Jan. 111 Jan.
Toledo & Ohio G en t—5 g . . 1935 J A J 105 b 105 Jam 105 Jam
O oiuiol.coup.,2d, 7«— .1908 J A I) 119*8b. 119 Jan. 119% Jam
Tol. S t L . A K am 0 .—6 g .,.1 9 1 6 J A D 72 b. 1 09*a Jau. 172 Jam
Lax. A r. A P av.F .gu. &»,g,1993 M A 3 117*8 116% Jan. 117*e Jam
U nion Paoiflo —6 g ....... .,..1 8 9 8 J A J 104% 103% Jam 104% Jam
Long Island.—1st oou.,5g,1931 Q - J
111 b. 113 Jan. 117% Jan.
E x t sinking fund, 8........1899 M A 8 t 89%
90 Jam
85 Jam
General m o rtg a g e ,4 g ...1938 J A D * 83 b, 76*s Jan.
Collateral trust, 4%------ 1918 M A N
87 Jan.
t4 9 % Jam 150 Jam
LOUla A Nash,—Akins. 78.. 1896 A A O 100 ft. 105 Jan. 105% Jan.
G old 6s, ool. trust noteB. 1894 F A A i 02 " b . 100 Jam 102 Jam
S.
O A Mobile, 1st, 8 gJ. . .A1930
J Il8*ab. 116 Jau. 119*2 Jan.
Kan. P a o .-D e a .D lv .,6 g .l8 9 9 M A N 116*4 113*9 Jam 116*4 Jam
"
2 d .6 g .. 1930 J A J 100 b. 98*2 Jan. 101*8 Jan.
lstoon soL , 6 « . . . ......... 1919 M A N t 77 a. 167 Jam 1 78 Jam
General, Og.......................1930 J A 1) 116*2 115% Jan. 116% Jan.
Oregon Short Line —6 g.1922 F A A 1116
1111% Jan. 116 Jan.
UnlBed, 4 g .......................1940 J A J
Or.8.L.AUt'hN.—0 om ,5g l91 9 A A O t 72% 163 *2 J an. 172*2 Jam
79*2b. 78*4 Jan.
80% Jan.
Louis,K. A. A Ob.—1st, 6s. 1910 J A J 111 *ab. I l l
U.P.Den. A G o lf ,00m,5 g. 1939 J A D 35
Jan. 112 Jam
35 Jam
36*2 Jam
C onsol.,0 r , tr, receipts,1916 A A O t 85 1). 182 Jam 185 Jan.
U. 8. Leatbom -S.F.deb.Og.W lS M A N 112% 1 1 1 % Jam 112% Jam
teanb*ttan OOnsot, 4 s .....1 9 9 0 A A O 95
Virginia M b t—Gen.M., 5a. 1936 M A N 102 b. 100 Jam 102*a Jam
93 Jan.
95 Jan.
Metro. EleratHt - 1 st, Sg.1908 J A J 117*2 110 % Jan. 117*2 Jan.
Wabash—1 s t 5 g ................ 1939 M A N 106% 106 Jau. 107% Jan.
2 d ,6 s .................... ......1 8 9 9 M A N 106
2d m ortgage, 6 g .............. 1939 F A A
105 Jan. 108 Jam
71*2
73% Jan
70*2 Jam
Miob. O u t — 1st, cons., 7s. 1902 M A N 116 b. 116*2 Jam 118*2 Jan.
W estN. Y. A Pa.—1 s t 6 g .l9 3 7 J A
105*sb. 101*2 Jan. 106 Ja n
„ O o u « l „ 5s....................... 1902 M____
A N 100 >2b.
Gem 2-3-4a, g old ............. 1943 A A
49 b. 46% Jam
48*9 Jan.
MXl.lAkeflb. A W .—l»t6 g .l9 2 1 ;M A N 131 b. 131*8 Jan. 132 Jan.
W oBt.Um Tel.-Ool. tr. 5 b. . 1938 J■ A i 107
106*2 Jam 107 Jan.
■A Irep., 5g .......... 19201P A ’ 1 H b. 112*2 Jam 115 Jan.
Wlso. G en t Oo la t 5 g ___1937iJ A J *!38*aa. 137 Jan. 139% Jan.
None
'b"ln diea te«prtoeM d ,- “ a " price atked ; the range Is made up from actual sales only, * Latest price this week,
t Trust rooelpt*,'
A s m . tv « «o c m .< h > b ..8 ii.v » f0

,
A m et. Spirit M»K .
M
Attn A lt* * . - U t. 4*. K....... I W g , s ~ ”
** r a «
A*. 1995 A
AVTrS».K.-KcV
gem i*.109ft
AA
* °1

NEW YORK STOCK EXCHANGE PRICES—(Continaeil),—ZiV^OTTP'S B O N D S -JA IV U A ny 2 9 .
SECURITIES,

Bid.

Railroad Ronds.
( (Hock Msehetnge Prices.)
AJabaroa S*M. !.««,«., guar ..1928
Ateh. Top*’ *.a h Han From —
Chicago ft S t L o m - l r t , 6*. 101 5
Odl, Mi l, t »L «., 6 b............ .1930
AU- * Pats,—3d W. D „ gm 8*.1907
Western Division Incom e,.1910
Bait A o m .. <*.• . <i«, t> 10 n l o i n

■no

Ask.

SECURITIES.
Balt. A Ohio—
5», g o l d .....................
1925
Cons, uiort., gold, 5s
1988
w tr,.
t. Pitts.-m .... . .st,
. g-, Sim1990
W
Va. A
B. A O . 8 W „ U t .g r ; I 4 s . . . 1990
M onom River, 1 s t ,« .,g , 56,. 1019
Cent 1 Ohio Reor,—1st, 4*as. 1930
A k .A C h .J a n o .-lst,g ,5 »,g u 1930
; Brooklyn
E le vMa tePd -M
-------- ----------— , „5s
„ ...1 9 1 5
Seaside A B.B . - 1 st,«,5a,«U .1942

Bid.

Ask.
95

97*2
43.

SECURITIES.
Brunswick A W n —1st, g., 4 s .1938
Buff. Roch. A Pitts.—Gam 5s..1937
Booh. A P „ 1st, 08................1921
Rooh. A Pitts.—O on s.lst,68.1922
Buff. A Susqueh.—1st, 5a, g ..l9 1 3
Burl. Ced.Kup. A No.- 1st, 5s. 1906
Consol. A oollat, trust, 5 b . . 1934
Minn. A S t L.—1st, 7 s ,g m . 1927
Ced. Rap. 1. F. A N „ lst,68.1920
1st. 5 s ................................... 1921

Bid.

Aik.

*97 100
121%
118 iiT '
106% 106*2
‘ 100 102
*105
104
102

THE CHRONICLE,

January 30. lt»7.]

227

RET* TORE STOCK EXCHANGE l’ BICES.—INACTIVE B O N U S -( ContinuedJ—JAN U A R Y 2 9 .
Bid.

SECURITIES,

Ask.

BECURITIEB,

Bid.

Ask.

SECURITIES.

Extension, 4s....................
Keokuk di Des M.—1st, 5 s.. 1923
Ohio. 8t. P. <4 Minn.—1st,6 s ...1918
Bt Paul <48. C.—1st, 6s....... 1919
Ohio. <4 W. Ind.—1st, s. L, 6 s .1919
General mortgage, 6s.......... 1932
Chlo. & West Mich.—5s.........1921
Otn. Ham. <4 D.—Con. s. f., 78.1905
Id, gold, 4%s......................... 1937
Oln. D. <4IPn—1st, gu. 5s,g.l941
Qlev. Ak. <4 Col.—Eq. <4 2d 68.1930
Clev.&Can.—Tr.ctfg.forlst5s.1917
0 .0 . 0 . <4 St. L.—Gen., g. 4 s ..1993
Cairo division, 4s................. 1939
Bt.Loo.Div.—lstooLts't4s,g.l990
Bprlngj&CoLDlv.—ls tg . 4a. 1940
WhlteW.VaLDlv.—lst,g. 4 s. 1940
Oln.Wab.diM.Div.—1st,g.4 s. 1991
Oln. I. Bt L. 4 a —1st,g.,46.1936
Consol, 6s................. ............ 1920
CMn.Ban.diCl.—Con.lstg.5s, 1928
Indiana B. <4 W.—1st pf.78.1900
Ohio Ind.<4W.—Istpref.5s..l938
0 . Col. Oln. <4Ind.—1st, 7s,s.f.l899
Consol, sink, fund, 7s.......... 1914
Oln. <48pr.—1st,C.C.C.<4I.7s. 1901
Cfieve. Lorain <4 Wh.—1st, 5 s .1933
Oleve. <4 Mah. V.—Gold. 5 s ...1938
Del. Laok. <4 W.—Mort 7s___ 1907
8yra. Bing. <4 N. Y .—1st, 7S.1906
Morris di Essex—1st, 7 s ....1914
BdhJh.Ts............................1900

♦
85
100 103
’ 129
130 ** 13m
116

117%

io s "

.....

70

75

*
*92

97

90
92%
88
100

108
105

104%

124
124
141% 143
109 110
113
1st, oon- gnar., 7s.............1915 139
Warren—2d, 7 s ..................... 1900
D.<4H.Can.—Pa.Dlv..ooup.7s.l917 *143 147
Albany <4 Snsq —1st, gu.,76.1906
125
1 st oons., guar., 6s.......... 1906 *117 119
Reus. <4 Bar. 1st, ooup., 7s.l921
Denv. Tramway-Cons. 6s ,g .lg io
Metropol. Ry.—lat.gu. g.6s .l 911
' o s ...1928
BO *83^
SfJ*1®* w
L) 8 ’ 3%s,ser.A.1911
19% 22
Det <4 Mack.—1st Men, 4 s,g ..1995
4 b, g o ld ..... - - . - . - . . . . . . . . . . . 1 9 9 5
CnlQth A Iron Range—laVSa* 1937 *
100
Erte-iat, extended, 7a.......... 1897 108% 109
2d, extended, 5 a . . . . . . . . ........1919 117%
3d, extended.
i qoq 110% 114
116% 120
f e a a U : : : =
" S
*100
• is ™
defierei)? ^ 7 Mortg- « 8- - 1 9 0 8 •loo
*106%
Evans A T ^ ’ VLr®8’ 0ay’ 0y-m 3 *105
109

......

110

Bid.

Ask,

102
Northern Paoiflo—
Ev.&T.H.— (6 Vernon ls t 6e.1923
iai. Co. Br. lBt, g., 5s.......... 1930
HelenaARedM’n—lst,g., 68.1937
Dul.diMan.—lst,g.6s,tr.reo.l936
vans. <4 Indian.—1st, cons..1926
Dak. Div.—lst 6s, tr reo.,1937
Flint <4 P. Marquette—
81
Oosur d’Alene—1st, 6s, gold. 1916
M ort. 6s . . . . . .........................1920 114 116
84
C. d’Alene—Gen. lst, g., 6 s..1938
1st, oon, gold, 5 s................... 1939 80
101 %
75
78 Norfolk di South’n—lst, 5s,g.l94)
Pt. Huron Div.—1st, 5 s ___1933
Norfolk* West.—General, 6s.1931 117
Fla. Cen <4Pen.—1st g. 5s___1918
1st oon. g., o s ........................ 1943
New River ls t 6s..................1932 111
45
Imp. <4 E xt., 6s....................... 1934
43
M. Worth <4R. G.—1st g., 5 s..1928
Gal. Har. & San Ant.—Lst, 6 s.1910
107
Adjustment M., 7 s ............. ..1924
*96’
Md. <4 Wash. Div.—Ist,g.5s.l941 *67
2d mort., 78........................... 1905
82%
Ga. Car. <4Nor.—1st, gu. 5s. g.1929
----Scioto Val. <4 N. E.—1st,4s,.1989
125% Ohio <4 Miss.—
Housatonlo—Cons, gold 5s___1937
Consol. 7s. ................ ..... ..1 8 9 8 102 %
N.Haven&Derby, Cous.5s..l918 106
2d consol. 7 s ......................... 1911 ’112
Hons. dzTexas Central—
Spring.Div.—Ist7s...............1905 *98 103
125
Waco <4 N. 7s.........................1903
General 5s...................... ........1932
ls t g., 5s (lnt. gtd)............... 1937
Ohio River RR.—lst, 58.......... 1936 100
Cons. g. 6s (lnt. gtd).............1912 101
100
Gen, g .,5 s ............................... 1937
Debent. 6s, prin. <4 int. gtd.1897
48
Omaha <4 8t. Louis.—1st 4 s ..1937
Debent. 4s, prin. <4 int. gtd.1897 *93
Oregon <4 Califor.—lst, 5s, g .1927
Illinois Central—lst, g., 4 s...1951
Penn-P.C.C.&St.L.Cn.g.4%sA1940 108% 109
lst. gold, 3 % s .........................1951
Gold 4s...................................... 1952 102
Do
do
Series B . . . . . .
P.C.<48.L.-lst,o.,7s................1900 1 1 2 % 115
2-10 g., 4 s ...............................1904
Pitts. Ft. W. & C.—lst, 78... 1912 136
Cairo Bridge—4s................... 1950
2d, 7s ..................................1912 136
Spring! Div.—Coup., 6 s___ 1898
3d, 7s....................................1912 129
Middle Div.—Reg., 5s.......... 1921
Ch.8t.L.<4P.—ls t,con.5 s,g ...1932
0. St. L. &N. O.—Ten. 1., 78.1897 1 0 2 %
Clev. <4 P.—Cons., s. fd., 7s. 1900
lBt, oonsol., 7s................. ..1897 1 0 2 %
Gen. 4%s, g., “ A ............ 1942
Gold, 58, ooupon................1951 119% 121
Memp, Div., 1st g. 4s....... 1951
St.L .V .<4T .H .—lst, 6 s., 7 s.1897
Bellv.ASo. 111., gu., g., 4% s.l897 100
2d, guar., 7s........................ 1898 100
Gd.R.,4I.Ext,.—lst,4%s.G.g,1941
Oed. Falls <4 Mmu.—1st, 7 s..1907
lnd. D. <4 Spr.—lst 7s, 1906, trust
Alleg.Val.— Gen., gu., 4s, g.1942
recta., ex bonds............................
Peoria <4 Pek. Union—lst, 6s .1921 110
101
78
Ind. Deo. A W.—lst, g., 5s___1935
2d mortg., 4%s....................... 1921 *75
90
lnd. IDs. <4 Iowa.—lst, g, 48.-1939
Pitts. Oleve. <4 Tol.—lst, 6 s... 1922
lst, e x t, g. 5s.........................1943
Pitts. <4 L. Er.—2dg. 5s,*'A ” .1928
lnt. & G. N’n.—3d, 4s, g ....... 1921 *27
Pitts. Mo. K. & Y .—1st 6s____1932
40
KingsCo.-F.El.,lst,5,g.,gu.A.1929
Pitts. Painsv. <4 F.—lst, 5 s ... 1916
Lake Erie <4 West.—2d g., 5s. 1941 1 0 0 % 101 Pitts. Shcn.<4 L .E .—1st,g.,58.1940
99%
Nortll’n Ohio—1st, gu. g .53.1945 103 104
lst oonsol. 5s.......................... 1943
Pitts. <4 West.—M. 5s, g.1891-1941 *30
L. 8 . <4 M.Son.—B.&E.—New 7 s.’98 105% 106
Det. M. <4 T.—lst, 7s.............1906 123
Pitts.Y’gst'ndiA.—lst, 5s,oon. 1927
Rio Grande So.—lst, g., 5 s ...1940
Lake Shore—Div. bonds, 7s. 1899 108%
Kal. All. & G. R.—ls t gu. 5s.l938 112
8t. Jos. <4 Gr la.—2d luo.........1925
Mahon’g Coal RR.—lst, 5s. 1934 115%
Kan. C. & Omaha—lst, 5 s ..1927 *20
St. L. A. diT. H .-T erm . 5 s ..1914
Lehigh V. iN. Y.—lst gn.g.4%8.1940 1 0 1 % 102
Lehigh V.Term.—ls t gu. 5s,g.l941 111 111% BeUev. <4 Car —lst, 6s........... 1923
Lehigh V’y Coal—lst 5s,gu.g.l933
Chi. St. L. <4Pad.—1 st,gd.g. 5 s 1917
95
Lehigh di N.Y.—lst, gu. g. 4s. 1045
93
St. Louis So.—1st, gd. g. 4s.l931
ElmlraC.diN.,lst.g.l6tpf.6s.l914
do
2d Income,5s.1931
Oar. <4 Shawt.—lst g. 4s___ 1932 _____
Guar., gold. 5s....................1914 *99% 99%
St. L. <4 8. F.—2d 6s,g., cl. A .1906 *112%
l.ltctif. Car.di West.—lBt 6s. g.1916
2d, 6s, g., class C .................. 1906 *112% 114
Little Rook <4 M.—lst, os, g -1 9 3 7
Long Island—lst, 7 s .............. 1898 105% 105%
General 6 s............................... 1931
97% 97%
lst, trust, gold ,5s............... 1987
88
Ferry, lst, g., 4% s................ 1922 *83
Ft. 8 . <4 V. B. B g .-l s t , 6 s ...1910 *106 —
Gold 4s.................................... 1932
Kansas Midland—lst, 4s, g.1937
N. Y. <4 R’way B.—lst, g. 58.1927
St. Paul City Ry, oon. 5s, g.,.1937
2d mortg., Inc..................... 1927
Gold 5s. guar..................... ..1 9 37
N.Y.B.AM.B.—1st con. 5s,g.l935 *106
St. Paul <4 Duluth—lst, 5s___ 193)
Brookl'ndtMontauk— 1st,6a. 1911
2d mortgage 5s.......................1917 103
1st, 5 s ...................................1911
St. Paul Minn <4 M.—lst, 7 s ..1909 105%
No. Shore Br.—lst con.5s,g,1932
2d mort., 6s..............................1909 119%
34%
Louis. Evans. <4St. L.—Con.5s.1939
Mlnneap. Union—lst 6s___1922
Lonis.dcNasb.—Cecil.Br. 7 s..1907 108 HI
Mont. Cen.—lst, gnar., 6 s ..1937 1144 115
E. H. <4 Nash.—lst 6s, g ...,1 9 1 9 112%
ls t guar. g. 5s..................... 1937 101
Pensacoia Division, 6s.........1920 108
East. Minn., ls t div. Iat5s. 1908 *105
St. Louis Division, lst, 6 s ...1921
W^u ardiSiouxF.—lst, g,5s.l93a *106 107%
2d, 3s.................................... 1980
San Fran. <4 N. P.—lst, g„ 58.1919
98
Nashv. <4 Decatur—ls t ,7 s ..1900 107
Sav.Fl.diWest. - l s t , con. g.6s.l934
d. f.,6s.—8 . <4 N. Ala............. 1910
Southern—Ala.
Cent., lst 68.1918
50-year 5s, g.,........................ 1937 100
Atl. <4 Char.—lst, pref., 7 s ..1897
Pens. <4 A t - lst, 6a, gold... 1921 *98
lnoome, 6s.......................... 1900
Collat. trust, 5s, g ................ 1931 100
Colum. <4 Green.—lst, 5-6s.l916
U<4N. dt M.dtM— lst,g.,4%sl945
.........
E.
Tenn.V. <4 G a.-D ivls.5s 1930 i i T
Nash.Flor.diS.—1st, gu., 5 s .1937
Rioh.<4 Dan.—Eq. s. f. g. 5 s.1909
90%
Kentuoky Central—4s, g ... 1987 88
Deben.
5s,
stamped.........
1927
L .& N .—Lou.C.dtL.—g. 4% s.l931 *103 107
" 95" 106”
Vir’a Mid.—Serial ser.A, 6s. 1906
od>m<4j6fl. BdgeCo.—Gu.g,4s,1945
Series B, 6s....... .................. 1911
Lou.N.Alb.dtCn.—Gen.m.g.5s.l940
42
Series 0 , 6s.......................... 1916
Memphis <4 CharL—6 s, gold.. 1924
Series D, 4 -5 s ..................... 1921
Mexioan Cent Consol.—4s, g.1911
Series F, 5s.......................... 1931
lst, oons. Income 3s, g____.1939
Wash. O.&W.—ls t our.gu.4s.1924 *81%
Mex. International—lst, 4s,g.l942
Ter. As’n of St. L.—lst, 4% s.l939 107 110
Mexican National—lst, g., 6s. 1927
lst. oon. g. 5s.............. 1894-1944 106
2d, lnoome, 6 s, “ A ” ..............1917
8t.L.Mer.Br.Term.,g.5s,gu..l930
2d, income, 6s, “ B ” ............ 1917
Texas diNew Orleans—lst,7s.1905
Michigan Central—6s..............1909
Saolne Division, lst, 6s____1912
Ooupon, 5s.............................. 1931 *118
Consol. 5s, g................. ......... 1943 92
Mortgage 4s........................... 1940 *102
Tex. & Pao., E. D.—lst, g. 6s.l905 107
Bat»C.<48trgis.—Ist,3s,g.gu.l989
Third Avenue (N.Y).—ls t 5s, 1937 121
Minn.<4 St. L.—lst, g. 7s.........1927 139
T.&O.C—Kan.<4M., M ort.4s.l990
78
Iowa Extension, lst, 7a.......1909 *123
126
Tol. Peo. & West.—ls t, g., 4 s.1917
69
Southwest Ext.—1st, 7s.......1910 123
126
100
Ulster <4 Del.—lst,con.,6.,5s. 1928
Faclflo E x t —lst, 6s .............1921 121%
Onion Paolflo—lst, 6s..............1896 104 104%
Mo.K.<4 Tex.—lst, e x t, 5s, g.1944
lst, 6a.......................................1897 104% 104%
Mo.K.<4T.of Tex.l8t,ga.5s.g.l942 *77% 78%
lst, 6s......................................1899 102 102%
Kansas City <4 P., lst,4s,g.,1990 *65
70
Collateral Trust, 6s.............. 1908
Dal. <4 Waco—1st, 5 s ,g u ..,. 1940 *72
Collateral Trust, 5s.............. 1907 75
85
MissouriPaciflo—Trust 5 s ... 1917
75
Kansas Paolflo—ls t 6s, g .. .1895 109 110
ls t ooU., 5s, g........................1920
65
lst. 6s, g.............................. 1896 113% 114
St L.dri.M .-Ark.Br.,lst,78.1895 102 % 107
O. Br. U P .- F . o„ 7s.......... 1895
Mobile di Ohio—ls t ext., 6 s...1927 110
Atch. Col. <4 Pao.—lst, 6 s...1905
27
St. L. <4 Cairo—4s, guar....... 1931 *84
Atoh.
J. Co. <4 W.—1st, 6s...1905
27
Morgan’s La. <4 T.—lst, 6s---- 1920 111
U. P. Lin. <4 Col.—lat.g., 5s. 1918
23%
1st, 7s....................................... 1918 122
105
Utah
<4
Norih.—lst,
7s.........1908
101
Nash. Chat, <4 St. L.—2d, 6 s..1901
103
105
Gold, 5s............................... 1926 *101
N. O. <4. No. E.—Pr. 1., g., 6 s..1915
Utah Southern—Gen., 7s ..1909 71% 72%
N . Y. Central.—Deb. g. 4 s ....1905 102% 102 %
Exten., lst, 7s....................1909
72%
N. J. June—Guar, lst, 4 s ...198b *103
Wabash—
Beeoh Creek—1st, gold, 4 s ..1936 *104
Debenture, Ser. A ...............1939
Osw. <4 Rome—2d,5s,g.,gu.l915
Debenture, Series B ............1939
22
Utica dt Bl. R iv —4s, g., gu.1922
95%
Det. <4 Chlo. Ext. lst, 5s, g .1940
N. Y. <4 P ut—lst, g„ 4s. gu.1993
107
St
L.K.O.dtN.—8t.aBdge6s.1908
*105%
. Y. N. H. <4H.—lst, rev. 4a.1903
49%
West N.Y.&Pa.,gen.g. 2-3-4s. 1943 49
. Y. <4 Northern—lst, g, os.. 1927 119%
Income 5s...........................1 9 4 3
12%
. Y. Susq. <4 West.—2d, 4 % s.l
West. Va. C. <4PlttB—1st,6s. 1911
G en.m ort.,5 b. k................... 1940
73%
Wheel.<4L.E.—lst. 5s, gold...1 9 26
85
89
Wllk.<4 East.—lst,gtd.,g.5s,1942 *87
Wheeling Div., 1st, 5s, g . . . 1928 72
Northern Pac.—
Extension <4 Imp, g., 5s.......1930
63
Spokane <4 Pal.—lst, 6s.......1936
Wts. Cent, income 5«____ ...1 9 3 7
StPaul dtN. P.—Gen., 6 s ..1923 *124

C-Ohio-Col. <4Cin.M.l8t,4%s.l939
Cent. RE, <4 Rani. —Col. g.5s.4937
93** 95
Cent. Ry. of G a.- 1st, g., 5 s ..1945
Consol, g., 5 s..... ...................1945 ”9014
Cent, ofr<. j .—Cony. deo., 6e. 1908
Cent. Faclflo— Gold bonds.6e.1898 100 %
99%
Ext. g. 5s, series A B C D ..1898
99%
Gold 5s, series E ............ . 1893
Ban Joaquin Br., 6s..............1900 103
94
Mort. gold 5s........................ 1939
Land grant, 5s, g............... -.1900 •99 102
102
Cal. & O. Div., ext., g. 5 s ...1918
West. Paolflo—Bonds, 6s___1899 101 102
No. Railway (Cal.)—1st, 68.1907
50-year 5s................. .........1938
90
93
Cent. Washington—1st, g., 68.1938
Ones. <4 O.—Fur. M. fund, 6s. 1898 103 103%
Craig Valley—1st, g., 5s___1940
Warm 8pr. Val., 1st, g. 5 s .. 1941
Coes. O. <4so. West.—ls t 6s, g.1911
Id, 6s.......................................1911
Oh. V.-Gen.oon.lst,gn.g,5s.l938
Chicago * Alton—8 . F „ 6s . . . . 1903 114
Louis. <4 Mo. River—1st, 7S.1900 1 1 2 %) 113%
3d, 7 s.................................. 1900
Bt. L. Jacks. <4 CMc.—2d, 7s. 1898
Mlss.R. Bridge—1st, e. f.,6s,1912 100
Chlo Bnrl. & Nor.—1st, 5s___1926 105
Chlo. Burling. <4 Q.—5s, s. t.,1901 103
Iowa Div.—Sink, fund, 5 s ..1919 107
97
Sinking fund, 4 s............
1919
"lain, 4 s .................................1921
Chicago <4 Iowa Div.—5 s ...1905
S3% 99
C ilo. * Indiana Coal—1st 5 s .1936
C 11. Mil. & 8 t. P.—1st,8s,P.D. 1898 107%
2d. 7 3-lOs, P. D ...................1898 129%
1st, 7s, * g„ R. D ................... 1902 128 129
1st, I. & M .,78 ...................... 1897 126
1st, I. 4 D .,7 s .......................1899 126
1st ,C. A M ., 7 s.......................1903 126
1st, I. A D .E xten sion ,7s... 1908
132%
1st, La C. & Dav., 5s.......... 1919
109
1st, H .<4 D .,7 s ..................... 1910 126 127%
1st, H. di D„ 5s..................... 1910
Ohloago <4 Pacific Div., 6 s ..1910 116%
Mineral Point Div. 5s.......... 1910
O, di L. 8 ap. Div., 5s.............1921 105
Fargo di8oath.,6s, A ssn ...1924 106
lao. oonv. sink, fund, 5s___ 1916
Dakota A Gt. South., 5s___ 1916 108% 110
Mil. <4 Nor. main line—6 s .. .1910 118
Chlo.dtNorw.—30-year deb.58.1921 111 %
Ksoanaba <4 L. 8.1 st, 6s___ 1901
Des M. <4 Minn.—1st, 7s___ 1907
Iowa Midland—1st, 8s.........1900
Ohio. & Milwaukee—1st, 7s. 1898 104
Win. dt St. P.—2d, 7s............ 1907
127%
MU. di Mad.—1st. 6s............ 1905
OtL O. P. & Bt. P.—1st, 5s. 1909 •109
Northern DI.—1st, 5s.......... 1910 •109
MU. L. S.diW.—Con.deb.,5s.l907 ‘ 106%
Mich. Div., 1st, 6s.............. 1924 •127
Ashland Division—1st, 6s 1925
Oh.R.LdzP—D.M.<4F.D.lst4s.l905

’ No prloe Friday; these are the latest quotations made this week. F o r .'lla c e lla n e » u » H o n d a —See 3d page preceding.

THE

22s

CH RONICLE.
Rotum.

iu u c s tm c u t
in te llig e n c e .

R AILR O AD

E A R N IN G S .

The following table allows the gross earning of every

b>TKJiit rtU rad from which regular weekly or monthly returns
can be obtained. The lir»t two columns of figures give the
grim earning* for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to an J
including such latest week or month.
The rrturns o f the street railway* are brought together *ep
arately on a tubtequent page.
Latest Gross Earnings.
B o iia .

Week or Mo 1896-97.

1

1895-90

Jan. 1

(0

Latest Date.

1890-97.

1895-96.

S
^
180.462
(November.
13.433
Adirondack
84,872
32,050
Ala. (it. South [34 wkJan,
500,518
November.
61,744
AU. Midland
A lt. N. O.Tm A Pao. June
45,100
41.300 1,325,059 1,399.612
IS. Or!. A N. K 4th wk Dec
603.853
558,943
2 -.900
21.300
Ala. A Vlelub. itii wk Dec
29,100
578.723
543 504
23.500
VlebaBh. a P. 4th wk Dec
199.328 213,446 2,341.014 2,569.083
Allegheny Val December.
2 ..8 3 5
8 4,037
5 4.035
Ann Artnir.......3d wfc Juu.
18,405
97.849
8,168
84,058
13,814
Ark. Midland ... November.
Atch. T. A 8 . Pc. Dec<*ni»»cr. 2.852.01 2,7ri6.028 29,777,401 28,802,138
. 1 1,447,385 1,550,923
Atlanta A Char November. 163,7
65,844,
52.61
4 79,210
4*S,4 3
Atlanta A W. P November.
10,852
30,389
29.711
Allan. A Danv.. 3d wli Jan.
9,473
Atlantic A Pee. December
309.372 297.595 3,525.130 3,509,052
73,018
Augusts sout'u Novemiier
52,531
8. 43
6,93C
Austin a N '« w*i Novemiier.
20, *06
28.265
37,500
480,769
36.400
503.379
Balc.Che*.A AU December.
Bill. A Ohio . . . December. 2,168,384 2,001.040 24,715,093 23,470,503
320,183
Bal. A 0 . 8ou'w :*d wk Jan. 104.073 109.849
348,728
Bangor AAroost Novuml^r.
658.828
070,400
61.408
56,749
35,575
32,235
Bath A Hatu'nd* November.
6,108
5,475
23,777
23,109
Blr. A Aitantle. December.
2.248
2.114
Brunsw'kAWeat November.
49,75
52,770
553,117
482.747
175.384
Bud. Koch.A Pitt 3d wk Jon
56.364
57,787
173,303
Buffalo A Souq. November.
4 9 .0 0 1
493,05rf
3>3.451
42,347
127,9 »6
Bur.O. Rap. A N. 2d wk Jan.
107,001
73.028
93,080
Canadian Pacific 3d wkJan. 3 15.00
90 *,000 1.0 47,00* >
341,0
C3ar. Midland.. . December.
4,* 88
4,7441
59,44
51,071
OenL of Georgia November. 502,282 518,637 4.605,004 4,560,075
Central of N. J . November. 1,148.621 1,279.634 11,034.355 12,045,474
Central Pad tic. November 1 ,0 0 9 ,4 4 8 1,133.790 1.,508.311 12,008,760
Chart Cl. A but. NovemLer.
49,780
3 ,5-5
4.045
43,890
Chariest* nAS* v November.
41.930
37. V.7
508.150
477 420
Che*. A Ohio. . . I 3d wkJan. 215,605 224.170
611,963
039,564
Che*. O. A tto.W. July
178,572 196,8 «8 1,282,5 >3 1,295,484
Chic. Bur. A O.rf November. 2,823.309 3,204.987 31,2*21,403 30,736.170
Chic. A East. Ill 3d wk Jan.
90,551
98,562
251.687
279,713
Chic. GL West'n 3d wk Jun.
73.200
8 ,45 l
214,38
231.608
Ohlc.MIL A St. P. 3d wk Jan. 488,148 537,012 1,348,130 1,5 40.944
Chic. A N’ thw'u December. 2.385.1 8 2,614.786 32,115,897 31.503.398
Cnic. A No. Pac. November.
62.946
748,400
08,9.44
702,749
Chlc.Peo.A8LL. December.
73.731
891,025
84,196
935,788
Ohio. K*k I.A P . December. 1,237.136 1,277.844 15,421,098 15,353,-25
Chlo.8LP.M..vO. December. 6 j 9,953 659,125 8,150,192 7,508,762
Okie.AW. Mich. 3d wu Juu.
24.384
00,291
20,812
71,924
Choc. Ok. A Gull November. 115,926 110.958
Ota.Ua. A Port*. December,
4.771
61.604
5.431
66,228
Ctn.Jack.A Mac. cd +k Jan.
12.624
11,685
37.118
33,726
Cln. N.O. A T. P. December. 303,029 347,915 3,371.197 3,717,901
On. Porta. A V. December.
21.4z0
272.492
22,454
278.030
Clev.Can. A So.. 2d wk Jan.
9,934
18.099
10.130
19,90 «
CLCln.Ch.A8 LL 3d wk J.«n. 235,101 254.308
699,274
763,103
Peo. A East'u December. 190,521 151,057 1,703.544 1,971.159
CL Lor. A WbeeL d wk Jan.
20,833
19,007
55,6tfO
60,790
Col Midland ... December. 140.952 1 i *,989 1,823.810 1,740,013
On. H. V. A Tol December. 205.931 238,-08 2,4*0,924 2,054,482
Col. A Red Mount December.
4,099
Ool. 8and’y A it. December.
62,621
800,808
64,188
872,549
Oduaa A Lake.. December.
1,600
13,691
1,000
18,277
Crystal ............ October. ..
540
1,141
9,753
7,463
OombTd Valley Novemiier.
60.734
7*6,0 1
71.103
781.193
Denv. A Rio Gr 3d wkJau. 107.000 12o,20o
322,400
304.70 i
Om M. A Kan.C 2d wk an.
2.093
5,1 .7
1,789
3.578
D*«. M. N a W December.
31.887
411.480
35.874
3SO.306
Im . ' m . ip A NV l
Jan.
20.320
18.843
57,099
52,253
Dei.A MdA-kiuac November.
20.003
370.8 >3
26.470
330,3 40
Duluihs.rt.AAU.Jd w* Juu.
24.143
07.12 •
30.494
81,239
KidnJoLA E*-t .December.
82,850 1 1 1.5*0 1,278.103 1,172.078
Erie....................l i.s e.iuber. 2,535.811 2,564,435 31,099.5*9 30,079.830
Boreka Serin**October. ..
4.0s 1
4.4 42
50.998
53,980
Krana-Afnd’plu 3d wkJan.
4,153
6,008
1 3,3 .«
18,431
Xvana. A Rich. . Ut wkJan.
933
981
933
98 L
Bvansv. A T. II. 3d wk J au.
19,902
22,425,
50,8b 1
07,011
Fitchburg.. . . . . . *November. 642.007 072.971 0,743.037 0,703,393
Flint A P Mar.j in wk Jan.
40.828
51.954
87,557
90 l *2
FIa OenL A Pen 2*1 wkJan.
89.368
36.000
8 1,280
72,915
Fl.WHliADaA.CJ24 wk Jan.
18,709
17.241
39. *92
35,728
F t W. A Klo Gr December.
39.078
50,707
330.511
412.091
Gad*. A AtL U l»-c«iiib. r
H00
945
10.001
9.327
Georgia KK___ -3a w* Jan.
30.872
33,009,
99,070
101,080
Georgia A Ala.. 3d wk Jan.
2 1,880
12, *3J,
04.090
35,034
Go. Oar'la A No. Novettiiier.
90.640 101,4*2 0!
G*o »o. A Pla Deceiutier.
78.239
79.201;
881.855
830.384
Gr. Rap A I ml 3d wk J au.
81.444
35.272
87.439
97.042
a n . It. A F tw 3.1 wk J an.
•
19.303
7,090!
20.711
TravereeCUt 3 1 wkJan.
655!
1,453
1,0 * 0 '
2.9 17
Moa.G ft A t 3d
__________
wk Jan.
13511
2.259;
6.139
5.709
T ot all Hu*** 3d wk Jan.
40.s32
46.39.1
113,314
127,059
Grand Trunk
3d wkJan. 323.00 » 302.726
9 0,012
890,200
Okie. A Gr. Tr 2d wkJau.
60.122
116.139
02,730
122, 13
DeLGr.ll.AM id Wk Jan.
10,171
83.457
31.404
Cln Hag A May 2d wk Jan.
1,774
3.356
2,393
4,470
ToLS.AMmk 2d wkJan.
1,052
1,292
3,04
2,347
Great Nortb’n
I 8L P. M. A M December. 1,273,489 1,492,513 15,771,861 14,890,328
Baatof Minn. D<vo»*jiii»^r
137,840 481.99s
*
~ 1 1,933.743 1.675.382
Montana* >ot December.
188. Hi1 138.723' 1,920,489 1,500.0 70
«
p«oamber. 1,577.390 1,813,23 4 19,o82,093 18,126.380
Golf A Chicago December.
5,128
4,932
47,800
40.851
G if B'maikK.C December
10."31
7,201
97,315
74,037
H o<m.T uo.<% Wit IkHwiurmr.
3,352
6,028
------44,900
48,003
Hoea. A Tax.Pen No veaaher. 840,713 824.47 4 2.946,320
3.174,036
9
15,119
28.930
57,eUl

Latest Gross Earnings.

$
178.817
89.1 4
083,109

Jan. 1 to Latest Date.

1890-97.T. 1895-90.
gt
j
g
2135946 12296152j**21857911 121814347

Week or ito 1890-97.

am©

ila ilr o a c l

[V . L LiXIV,

1895-90.

Illinois Central! December
ind.Doe.A WeaLI a wk Juu.
8,498
10.459
16,849
19,736
lud. 111. A Iowa. November I 68,760
00.093
692.0871
699 700
Iu.A g l North'11 3d wk Jan.
00,700
63.668
197,3 '0
175,076
41.410
,'lnteroe. (Mex.) Wk.Jan. 9
49.700
49,700
41.410
28.051
Iowa Central... 3 I wk Jan.
39,189
114,460
80.077
Iron Hallway. . December.
4.268
4,405
44.149
49,443
Jack. T. A K. W. December.
20,407
28,687
308,688
387,469
Jaiuertt'n A L. E October. ..
8,141
10,071
KauawhaAMloh 3d wkJan.
29.6251
i 0.228
27.702
K.C.F.Heott AM. 3d wk Jan.
75.919
91,595
214.326
230,385
K.C.Mem A Blr. 3d wkJan.
20.4 82
28.468*
79.562
76.027
Kan. 0 . N. W . .. December
43.033 j 29,860
296.6041
252,575
Kan.C.A Beat December.
708
370
4.993
4.954
Kan. City A Om. 12d wkJan.
3,242
2.4071
5.011
5,866
K.
C. Pitta. A G .. 3d wk21,319
Jan.
10,405
65.849
29,470
Kan.C. Sub. Belt 3d wk Jau.
5.07 2
4,400
16.090
13.221
Keokuk A West. 2d wk J an,
7.014
8,346
13.324
10.692
7.205
L. Erie All A So. [December.
6,320,
60.975
81.505
L. Erie A West. 3d wk Jan.
Gl,2371
74,140
174.339
203.215
32.878
Lehigh A Hud. J December.
34,322
393.779
433.483
Lex’gtonA East October. ..
13. 4 7 i 21.111
106.090;
175,471
Long Island___December.
242.629 251,590 3,935.059 4,043.584
Los Aug. Term. December.
83.379
7.827i
4.832
14 5.482
Louis.Ev.ASt.L. 3d wkJan.
24,091!
25.37*2
07.255
70,311
Lon. Hen. A St. L. 3d wkJan.
7,895
8.223!
21,493
23,774
Louisv. ANasliv. 3d wk Jau. 372.485 389,-90 1,109,170 1,116,330
Louls.N.A.ACh. 3d wkSept
58,404
73,785 2,209.409 2,272,042
M aoonABirm.. December.
5,422!
6.189
61.985
72,035
Mantrttlque....... December.
5.9251
3 .9 15;
110,5* 4
117.228
2 4,203
MemphisAChas 2d wkJan.
22,590
42,899
40,548
;Mexican Cent*. 3d wk Jau. 238.780, 191,204
687.4u2
546.981
Mexican luter'l. November. 255.334 231.610, 2,667,097 2,378.n69
IMex. National. 3d wkJan. 100,0 2
87,5911 276,004
250,391
Mex. Northern. November.
54,104
30.897
062,008
624.778
JMexicau R’ way Wk.ian. 9
05.500
60,000
65,500
60.000
Mexican So........1st wkJan.
9,104
9,369
9,101
9.369
MiddleGa.AAtl. November.
10.589
9,663
Minneap.ASLL. 3d wkJan.
30,154
32*110
86*539
91,155
M.
SLP.AS.St.M. 3d wkJan.
43,488
133.009'
59,453
160,044
Mo. Kau. A Tex. 3d wkJan. 21^,259 257.380;
635,200,
093,112
Mo.P&o.AlronAl 3d wkJan. 382.000 4O7.0J0 1.091.000 1.154.000
Central Br’eli. 3d wkJau.
17.00 >
47.00 >
13,000
42,000
399.000 420,00b; 1.138.000 1.196.000
Total............ 3 1 wk Jau.
Mobile A Birm.. 2d wkJau.
6,393
6,0811
1 *,373
11.673
Mobile A Ohio.. December. 368, *8 i 371,853! 3,716.839 3,492,326
Mont A Mex. Gif November
97.844
97,2851 1,033,02 4 1,124,058
Nash.Ch.A St. L. December. 433.899 458.291 5,004.913 4,871,863
NeL & Fu Sii'p’d December.
4,302
9.089
Nevada Central, Septetnb’ r.
5.182
3.2991
26.233 M 20,980
R
N. Y. C. A H. R .. December. 3,638,168 4,020.847144,075,028 44,338;889
N. Y. Oat. A W .. 3d wk Jan.
62, .24
61,344
172.400
173,9 2
N.Y.Susq. A VF.. December
203,815 195.697
'
“ 2,271,567 2,264,018
Norfolk A West. 3d wk Jan. 193,676 229.lhlj
655.889
672,613
Nortkee'n(Ga.). November.
7,648
5.473
59 630
47,950
North’n Ceutral December
520.120 559.184 6 ,280,602 0,500,028
North’n Pacitlo id wk Jau. 217,563 259,833
648,916
727,530
Oconee A West. November.
3.538
2.969
33.077
26,655
Ohio River.........3d wkJau.
18,386
19,5*9
52,072
56 204
Ohio Riv.A Chas December.
16.125
19,537
186,855
180.818
Ohio Southern.. December
4 .709
78.403
080. *36
774.512
Ohio Valley....... November.
22, 83
31,584
309,055
334,244
Oregon Imp. Co. .November. 260.730 271.930 2,931,293 2,981,307
Oreg.KB.ANav. December. 401,161 359,337
Paoitlo M a ll..... November
324,051 340.331 3,579,624 3.987.981
Pennsylvania. Novemiier. 5.246.424 5.877,024 56,904, 7 2 58,937.572
Peoria Deo. AEv. 3d wk Jau.
15.851
20.191
46,525
55,517
Petersburg........ November.
4*2.340
45,829
50a,9 *7
498.747
Pliila. A E rie.... November. 476,590 450,972 4.161,177 4,037,139
Pul la. A Read... Ooober.
•2,060.100 2 274 261 16.835,701 17 730,901
Coal A Ir.Oo.. October .. 2 7 7 852 3 350 686 18,930 634 19 998.319
T ot both Co’s. October. .. 4,827 958 5.624.9*7 35 822 33 > 37,729 28C
Ph. Road. AN.E. December.
55 126
62.593
687.418
768,903
Pitts.C.C.ASt.L December. 1,147.436 1,367.905 14,304,934 15,483.373
Pitts.Llsb.AWn December
3.991
3.860
43.819
44 814
Pitts. Sh. AL. E. 3d wkJan.
12,892
7,660
2 2.048
30,084
Pittsb. A Wes’ u. 3d wk Jau.
25.339
25.793
68.8.10
77,381
Pitts. OLA Tol. 3d wk Jail.
12.795
13 042
31.959
39,127
Pitta. Pa. a F. 3d wk Jan.
2 959
2.692
9.282
8,078
Total system.. 3d wkJau.
41,093
41,527
110.0 7
124.580
Pitt Youug.A A. December.
72,120 103.399 1,388.203 1,730 002
Oulncy O. x K.C. December.
25.4o2
22.194
294,711
200 190
Rich.Fr’ksb AP. November.
642.400
48.998
58.025
071,583
Rich. A Petersb. November.
25.346
28 755
313.403
31*2 939
RioGr. South'u. 2d wkJan.
5,793
9.080
11.3 »4
16,5 9
Rio Gr*de West <1 wk Jau.
40,350
39.700
109,950
102.300
Sag.TuscolaAH September.
11,187
11.3531
a 2,149
85.341
St.L. Ch.A St.P. December.
25.500
20,563
297,8*7
276,691
SLL.Keu’etASo. December
b 323
0,520
St.L..VSan Frau. 1November. 527.929) 557.297 5.603.938 5.503.930
8L L Southwest 3d wkJan.
89,600
96,400
206.200
280.300
SL Paul A Dul.. I) ♦comber. 105*222 111 04*. 1,5*4.572 1.568 534
Sau AuL A A. P. December. 218 273 177.759 2,117.290 1,971,828
San Frail. A N.P. December.
52,623
51 181
744 0 9 1
8 1 1 7 04
Sav. Fla. A West November. 295.921 285.021 3 113,489 3,081 209
8her.Shrev.AS0. 4Mi wk Dec
11.628
14.793
314,943
355 335
Seab’rd Air Line Septeinb'r. 334,870 266,7.10
811. Sprs. O. A G. November.
12,522
11.112
174,09i
162,203
Siiverton.......... |Deoeinber.
12.471
3.54*
So. Haveu A East Decern her.
1,923
1,179
19644
87.787
So. Paoltic Co. - I
Gal. liar. A 8. A November. 507,190 4G3.131 4.613.18S 4.358,467
Louis'a. West. November.
80,115 112.0 8
9 U0 658
8 .0 815
Morg-«ii'sLAr. November. 613,241
701 37* 4 6H0.363 5 327.772
N. V. T. A Mex. November.
4O,o0u
17.991
359.463
215.674
Tex. A N. OrL. November. 130,671
140.14* 1.337,384 1 490,386
AtL Prop'tes.0 November. / 182,332 f 1840472 t
*211 (16191325
Pact tic system November. *2 68^,970 2 915 719 29 118 918 29 898.326
Total of ali.e November. 4.503,802 4 756,191 44,342 1S9 46.090.151
So. Pao. of Cal. November. 793.18 i 927,105 9.082,990 9.531,986
8o.Pac.ofAfiz. November. 214 033 210,060 2,060.79 ' 2.073.491
80. Pac.ofN.M. November. 106 841 1«*3,874 1,041,863
9u4 289
Northern Ry.. Novemiier.
19 0 ,7 17 191,384 *2.03 l 007 1,840.'91
Southern R y .... 3d wkJan. 370,208 3 « 3 ,li3 1,078 398 1,101.3 6
Spok.F’ls a Nor. December.
43.208
27, 93
439.759
281,442
Staten I.Rap.Tr. sepiomb'r.
103.915 135,987
914 391
940,500
StonyCLAC.Mt. November.
1 331
1 877
38 563
41,090
Summit Branch. December.
85,014
91.274
963.293 1,151.131
Lyk. Val. 1oal. December.
-3,199
77,9 0 :
885.-05
763 507
Tot'l both Co's December. 108 533 10 1.181 1,849.10* 1,919,038
Texas Ceutral.. 2d wk Jan.
9,895
4.105
4,5*3
10 070
Texas A Pacitlo. 3d wkJau. 133.503 132,085
400,147
399,529
Tex. S. V. a N.W. Decern in r.
5,129
6 050
Tol.AOhloOeut. 3*1 wkJan.
33,201
30.087
9 b 029
96,212
ToL P. A West.. 2d wk Jan.
lo,23S
24,'-36
32,3 1
42.955
ToLst.L.AK.C 3d wkJan.
41.233
38 111
121.309
108.569

THE CHRONICLE

Ja n c a b y 30 1897.]
Latest Gross Earnings
R oads .

Weekor M* 1996-97.

Union Pacific—
Un. Pac. RR..
Or.S.L.&U. N.
8t.Jos.AGd. Is.
Uenutfianch.o
Ach-CoLar. i
ftob.J.C.A W<
Oen.Br.AL’dL.
arM tv>t»] *v
Ulster A Delaw.
U. Pac. D. A G .
Waoash . . . Waco A Nor^b,r
W. Jersey Afiea’e
W. V.Cen.A Plw
West Va. A Pitts
W estern of Ala
West. N.Y. A Pa
Wheel. A L. ErlWisconsin Cent

November.
November.
2d wk Jan.
3d wk Jau.
November
Noveir ber.
November.
Septemb’r
November
31 wk Jan.
November.
November.
December
October. ..
November.
31 wk Jan.
3d wk Jan.
3d wk Jan.
December.
W c g h t s v .A T e D
York Southern. November.

1895-96.

Jan. 1 to Latest Dale.
1896-97.

a
ft
ft
$
1,363,337 1 362.814 ’ 3.206,698 L3,193.860
526,478 500.749 5,105,28' 4,923,120
25,119
29,646
14,977
12,2 11
42,000
47,000
17,000
13.000
301,465
249,000
27 524
31.144
697.173
547,915
75,593
71,438
2.171,184 2,127,094 20,962,643 20,411.753
313 002
319 153
312,005 318.545 2,829.12
2.8 10,324
561,521
674 999
189,972 231,7»9
243,1'3
32.236
245,930
26,458
145,902 155,2' 5
92,547
96 10 * 1,161,773 1,121,765
318,757
326,326
3V64
37,18
532.151
492,480
62 47 61.46
153.100
136,0 '0
52 900
45,300
55,59«
71.435
18,719
2 1,7*9
189,280
64,682
183,958
6 *,964
S,40n
92,9o4
85,728
8,213
6,130
5,731

Latest Wro»8 Earnings by Weeks.—The latest weekly earn­
ings m the foregoing are separately summed up as follows
For the third week of January our preliminary statement
c»v*»rs 61 road*, and shows 5*08 per cent decrease in the ag­
gregate )ver the same week last year.

Alabama Gt. Southern...
Ann Arbor.......................
Balt a Ohio Southwest.
Buiaio Koch. A Plttsb’g
Ohloaeo A East. Illinois
Chicago Great Western.
Chicago Mllw A 8t. Paul
Ohlc. A West Michigan..
Oln. Jackson A Mackinaw
Clev. Oln. Chic. A St. L.
Clev. Lorain A Wheeling
Denver A Rio Grande..
Det. Od. Rapids A West
Duluth 8 . 8 . A Atlantic..
Evansv. A IndlanapoLis
Evansv. <fcTerre Haute
Georgia A Alabama..
Grand Rapids A Indiana
Cincinnati K. * Ft. W.
Musk. Gr. Rap. A Ind
Grana Truna of Canada
Intern'l A Gt. North’n . .
Iowa Central.......... ...
Kanawha A Michigan...
Kan. «lty Ft, 8 . & Mem..
Kau. City Mein. A Birin
Kan. City Plttsb. « fiulf
Kan. City 8 uburb. Beit .
Lake Erie A Western...
Lmilsv. Evansv. a fit. L
Louisville A Nashville...
Loulsv. Hend. & 8 t. L ...
Mexican National .........
Minneaoolla A fit Louis
Minn. St. P. & 8 . 8 te. M.
Mo. Kansas A Texas___
Mo. Pacific A Irou Mt___
Central Branch............
N. Y. Ontario A Western
Norfolk a western.........
Northern Pacific............
Ohm River......................
Peoria Dec. A Evansv...
Pltt-m. fihen. a L. Erie
Pittsburg ,v Western.......
Rio Grande Western___
fit. Louis fiouthwestern.
Southern Railway..........
Toledo A Ohio Oeatral..
Tol. fit. L. A Kan. City.
Wabash
.................
West N. Y. A Pennsylv
Wheeling A. Lake Erie.
Wisconsin Central....... .
Total (61 roads)..........
Net de
*5*08 p. o.>.

1897.
$
32.05*
2 * 68
10.652
104,073
56,364
315.0'»
215.605
90,554
73,2c 0
488.H 8,
24,384
12.62*
235,101
20.83
107,0 t
2 0 ,.2 0
24,14
4,153
19.H02
36.872
23.8 91*
31,444
6,882
655
1,851
323.669
63 6 6 28.051
10.071
75,919
28,26*
21,319
5.67
61,237
24.091
372.4 s
7.895
238,7 sO
100.022
3 1,154
43,488
215,259
38 4,01'
17,000
62,721
193,676
217,583
18,380
15.1 i
7,666
41.033
40.158 »,60O
376.26
133.503
33,2 n
41.2 .J4
189.9 2
52.M0O
18.7-8
64,96*
5.624,19o

1896.
28,9318 4 '5
9.47a
109,8 »9
57,“87
341.00*
2 4,171
98.562
87.45J
537,01'.
26 812
11,645
254 368
19 6 7
12 .200
1 h,843
30.194
6 ,o6S
2 2,4233,609
1 ,93.1
35,472
7,69b
1.1 rt*
2 25H
302,726
6 *,76"
3 U 89
10.2 Lr
81,595
26,482
10.405
4 ,40 "
74,110
2 >.372
389,89*
8,228
191,204
87,591
32.110
58,4 53
25 M 8 1
407,n00
13,00
61. 44
229.194
259,838
19.549
20,191
12.-92
41 5 3
39.700
98,4 0 "
381.113
132.0*5
30,087
38 1 P
231.78 i
45.30
21.700
61.68.
5,924,986

Increase.

Decrease.

s

*
3,12€
3.284
1,1*9
*

939
1,165

5,776
1,423
8.565
3.008
14,251
43.864
2,428
19.267
13.200

1.477

3,213
10.94:

20.94 3
2,908

1.886
10.9*4
1,274

47,57V
13,431

4 .0 "0
1,380

650
818
3.114
3,12.
7.600

6,351
2,515
2,5*23
3,828
814
511
408
11,138
157
5,676

12.903
1.281
17,405
323
l.°5 6
14,965
42,121
2.5,000
35.518
42.275
1.163
4.340
5,236
434
6.800
6,845

41,817
—

2,992

282
144,272

445,062
300,790

For the second week of January our final statement covers
80 ''oads. and -»hnw- 4*06 o**r oem decrease in the aggregate
over the same week la<t year.
2d week of January.

1897.

ft
PrevHy reported*
’’•dm 5,748.691
Burl. Oed. Rap. A Noith.
73,029
Cleve. Canton A Bouth’n
9.«34

1896.
ft
5,970,151
93.<»8<>
10,13

Increase.
ft
162,666

1897.

1896

1895-96.

* Figures given do not Include Oregon Ry. & Nav., Un Pao. DenverA
lull, Denver Leadvllle A Gunnison, Montana Union and Leavenworth
Topeka A South vestern. a These figures include results on eased lines
b Includes earnings from ferries, etc., not given separately, t Mexi­
can currency, t Includes only half of lines In which Union Pacific has
a half Interest
d fnoludes operations o f the Chic. Burlington A N irthern I d both
years.
§ Covers results for lines directly operated east of Pittsburg.
t Includes results on affiliated lines.
/Covers besides’fche Atlaotio System th> Houston A Texas Centra
Austin A Northwestern, Central Texas a Northwestern aod Ft. Worth
A New Orleans.
t Includes St. Louis Alton A Terre Haute for all periods.

3d week o f January

2d week of January.

22b

Decrease.
«
384.123
20.052
196

Des Moines A Kan. City.
Duluth So. Shore A Atl
Fla. Cent. A Peninsular..
Ft. Worth & Denver Citv.
Indiaua Decatur .V West.
Kan. C. Mem. A Birm___
Kansas City A Omaha. ..
Keokuk A Western..........
Memrmis A Charleston..
Pitts. Shen. A L. Erie ..
St. Foseph A Gd. Island..
Texas Central...................
Toledo Peoria A West’n..
Total 80 roads
Net decrease (4*06 o o

Increase.

Decrease.

%

*

2.693
22,685
3 1,363
18,709
8.498
27,0*9
3,242
7.014
22.59
8,536
14,977
4 ,' 05
16.288

*1,739
29.274
36.000
17,241
10.459
26 634
2,467
8,348
24.203
11.756
12,221
4,543
24,6*6

. . . . __

6,027,510

6,232.930

172,402

904

3,368
1,168
465
775

2,756

6,589
1,961
1,332
1.613
3,170
438
8,348
427,822
255.420

Net E aru iu gs flo m u iy to Latest Dates.— The table follow­
ing shows tae aet earnings of S t e a m railroads reported this
week. A full detailed statement, including all roads from
which monthly returns can be obtained is given once a month
in these columns, and the latest statement of this kind will
be found in the C h r o n ic l e of January 28. 1397. Tlie next
will appear in the issue of February 20, 1897,
—Gross Earnings.----*.
-Y e / Earnings.— —
1896.
1895.
1896.
1895.
Roads.
$
$
$
$
Alabama Gt Southa..Dec.
161,799
179,377
80,333
75,042
Jan. 1 to Dec. 31. . .. 1,531,546 1,651,234
45l*,990
542,690
July 1 to Dec. 31. ...
859.045
953,063
337,859
376.286
Alabama Midland
Nov.
61,744
57,831
18.487
12,868
Jau. 1 to Nov. 3o.......
583,109
506,518
90,770
39,742
July 1 to Nov. 30.......
27»,b73
268,798
53,316
48,933
Allegheny Valley
Dec. 199,326
213,446
72,973
48,895
Jan. 1 to Dec. 31....... 2,341,614 2,569.083
832,510
999,428
Atoll. Top AS Fe.b..Dec. 2,852,010 2,766,028
*850,713
*814,808
Jau. 1 to Deo. 3 1 .... 29,777,401 28,362,133 8,4 20,444 5,844.654
July 1 to Deo. 31. . 16,187,163 15,109,362 *4,986,598 **3,545,515
Brunswick A Weftt ..Nov.
49,752
52,770
17,745
13,560
Jan. I to Nov. 30 . . .
553,117
482,747
191,997
95,123
July 1 to Nov. 30.......
253,401
239,218
96,980
58,093
Butt. Rooh.A Pitts, b . Dec.
255,335
264,600
82,356
90,528
Jan. 1 to Dec. 31. .. . 3,337,786 3,053,142 1,089,403
830.636
July 1 to Dec. 31....... 1,795,035 1.637,025
498,932
609,277
924.432
Canadian Pacific, a.Deo. 1,925,871 1,924,616
874,465
Jan. 1 to Deo. 31. ...20,681,598 18,911,037 8,107,582 7,430,951
Char. A Savannah . . Nov.
41,930
37,567
9,072
5,499
Jan. 1 to Nov. 30.
...
508.156 477,426
119,182
87,358
July 1 to .nov. 30...........................
184,2u3174,069
26,38 2
9,382
Ohes. A Ohio.a ...... Dec. 1,015,819
385,343
929,617
304,679
3.402,627 3,156,550
Jan. 1 to Deo. 31........................... 10,375.193 9,79*,324
1,870.670 1,726,017
July 1 to Deo 31........................... 5.358,529 5,204,466
Ohio. M. A 8 t. P .a .. .Dec. 2,570,877 2.764,653 1,241,008 1,236,860
Jan. 1 to Dec. 3L....31,352,383 30,6oS,000 11,*>87,299 12,860^148
July 1 to Dec 31....... 16,738,282 16,067,721 6,784.876 7,902,594
Cleve. Canton A 8o..Doc.
52,748
54,898
11,842
12,280
137,950
Jan 1 to Deo. 3 1 ... . 701,079
677,243
146,767
July l to Deo. 3 1.
...
376,652 379,384
70,862
93,613
Clev.Ctn. C.A St. L .a . Dec. 1.2 »4,449 1,159.424
343,608
299,400
Jan. 1 to Deo 31. ...1 3 ,01 1 .46 3 13.976.705 3,131,658 3,551,648
July 1 to Deo. 31....... 6,68 *,423 7,382,495 1,678,138 1,957,312
Peoria A Eaat'n a..Dec.
150,521
151,057
39,292
47,528
1,703.541 1,971,159
Jau. 1 to D o. 31
376.853
503,200
July 1 to Deo. 31.......
833.377 1,032,158
179,876
260,923
86.053
157,534
Clev. Lor. A Wheel...Nov.
23,3*21
50,247
Jan. 1 to Nov. 30. . . . 1.201.229 1,355,276
409,333
345,243
510.643
777,063
July 1 to N.»v. 30.......
248,107
150.376
246,276
214,118
EdisonEl.Il.Co.,N.Y Dec.
133,119
110,324
Jan. 1 to Deo. 3 1 ..,.. 2,247,437 2,000,855 1,080,156
935,680
Erie ........................... Deo. 2,535,611 2,564,435
579,172
505,178
Jan. 1 to Dec. 31. ...31,099,569 30,679,830 8,319,519 7,668,870
July 1 to Deo. 31------16,600,922 16,914,484 4,785,809 4,527,687
Fall Brook b—
21.1,007
.
186,082
129,574
Oct. l to Deo. 31
98,136
669,076
700,397
272,941
325,359
76,239
79,260
27.9 15
37,968
81 1,381
277.349
Jan l to Deo. 31. . . ..
881,855
228,79 4
443.874
156,320
.
456,614
182,671
16 4,424
149,419
74,035
63,755
836,023
. 1,994, U 7 1.96 1,572
806.732
Jan. 1 to Deo. 31.
.
1,097,152
492,385
July 1 to Dec. 31.
1.131,022
510,397
4,302
4,715
1,035
Nelson A Ft. ShepM Deo,1.
9.089
191.097
97,059
89,394
N Y Sus. A West. b..l
.
203,315
875,710
. 2,271,587 2,264,018 1,005,4 27
Jan. 1 to Dec. 31.
566,0.11
July 1 to Deo. 31.
. 1,239,621 1.133,425
512,083
5 >9,18 4
North. Central, o ...... I
.
520,120
125,290
145,4 13
. 6,233,602 6,505.023 1,64 1.497 1,9 07,5 J9
Jan. I to Deo. 3 1.
575.5 25
Northern P toiflo. ...Dec.. 1,455.145
Sept, l fc» D^o. 31 .... 7,480,5 >2
. . . . . . . 3,544.280
Oregon RR. A Nav..Dec,.
401,161
183,331
. ... ...
17,322
17,346
Phil. Bead. A NT.Eng .Deo.
55,126
62,598
768.963
192,605
201,690
Jan. 1 to Deo. 31. .. ..
687,418
46,656
15,404
25,149
BioGr’ nde South..b..Dec
32,438
44 3,o73
453,049
18S.6--0
Jan. 1 to Deo. 31........
234.928
269, >75
152,308
223.687
July 1 to Deo. 3 •.......
106,957
527,976
510,020
187,509
150,387
St. Louis Southwest.Deo..
177,759
75,652
57,5 L3
218 2 73
San Ant. A Aran P..Deo.
69 L.32 2
55 5,015
Jaa. 1 to Dec 3L. ... 2,117,290 1,971,828
295,921
285,021
81,715
86,353
Sav. Fla. A We-*t......Nov.
917,408
79>,627
Jan. I to Nov. 30. ... 3,118,489 3,031,269
373,376
333,332
July 1 to Nov. 3 >. . . . , 1,35 4,029 1,377.497
4,165
11,112
5,856
verfip. Ocala AG..Nov.
12,5 52
55,342
ld i.26 3
92,014
Jan. 1 to Nov. <0 . . . .
174.0 91
23,392
2. ,962
63.679
63,972
July l to Nov. 30.
633,602
593.283
. 1.691,790 1,836,570
Southern Rallwav.a .1
18.595,136 19,813. 28 5,425,625 5,4 48.810
Ja*i. 1 to Deo. 31.
July l to Deo. 31.
, 9,838.535 10,413,162 3,299,354 3,531,196
16,744
27,838
27,193
Spokane Falls A No..Deo.
43,208
161,829
256,131
439,759
231 .4 4 1
Jan. I to Deo. 3 i.......
105,619
147,493
251,159
167,915
July l to Deo. 3 1 .....
91,27 4
702 def.5,118
Samtnlt Branch........ Deo.
85.034
61,374
Jau. 1 to Deo. 31. . . .
96 1.29 » 1,151,131 def.85.067
33
5,870
77,107
.83.499
24,927 def.40,921
885,805
Jan. 1 to Deo. 31..
768,507

THE

280

CHRONICLE.

Hu Mur’ll’t01
1895.
1895.
1898.
1096.
9
•
•
8ouiH .it Branch
f
def.3.095
189,181
0,572
ias.533
To to! both a»'»...... Do*.
20,153
Jma. 1 to Do* 11....... 1,819,104 1.919.033 dof.00,140
IjItM IM Goo. A Oorn.b95,081
77,511
at 3.807
189,128
Ucl 1 to t v * I t .......
248,212
209.103
701.397
882.090
j u t . 1 to Doc. S I .....
22,737
12.111
88.109
87.892
ToL P »r t» A Weal.h Nov.
201.331
221.797
905.333
888.838
J u . t to Nov. S O .....
119.155
93,311
415,823
389.807
July I to Sot. M .......
289,083
191.080
983.375 1.070,150
f i k u t . k . . ' ............... Do*
J u . 1 to I V * S I....... 11,983,901 12,630.901 3,339.307 3.439,‘•SO
2,127.535
1,900,739
6,977.892
8,131.038
July 1 to D o* S I ....

G ross
Em m nos.

[VOL. L X 1 V ,
Latest Gross Earnings.
Week or Mo 1898-7. 1895-0.

Jan. 1 to Latest Date.
1896-7.

1895-6.

$
New England BL—
Winchester ............. December
15,405 24 1,408 231,945
30,472
2,095
33,5 iO
Plym'th A Kingston December
17,500 277,929 262,417
Total.................... |December
4.769
40.252
47,304
NewtlavenACentrev. Ootober. ..
2,890
51,241
53.429
New London Bt. Ry.. December
120,462 1,321,458 1,348,148
No c Orleans Traction December
........
.
N. Y. A Queens 0 ‘y... December
.
.
.
.
.
.
.
.
...........
1.416
Ogdensbnrg Bt. Ry. December
17,444
25,508
Paterson Ry................ December.
319,087 293,691
Pittsb. Pt.Bub. El.Ry. November.
14,442
Po'keepsle A Wapp. P. [December.
6.458
86,133
• Set earning* here given ere after deducting taxes.
Septemb'r.
Rapid
Ry.
(Detroit)..
9 Set H m n e here given ere before deducting rexes.
Ry.............. IDecember.
71.000
•For Dveruiber. 189t5. l u c i end rentals amounted to $ 152,309, against Rueuester Traction...
8,362
IDecember,
98.507
92,566
6205.011, et.,1 from July 1 to December 31, 1890, $960,539. against Soliuylkill
4.120
Val. Trao.. jDecember.
62,811
48,666
* y - * , -43. afirr dednetlog which net for December, 1890, was $093,- ScnuylklU
iDooember.
5,582
Scranton
A
Plttslon.,
3,508
804, against *009.797. and from July 1 to December 31, 1396. $1,028,- 3oranton Traotlon__ Deeember. 32,648 29,181 353,103 299,298
059. neatest *2,560,172.
Second AWs. (Plttsb.l December. 38,572 37,755 502,821
357,010
6,183
6,828
31onx City Traction )November.
71,733
71,739
In te re st Charges and S u r p lu s .— T h e follow in g roads, it
2,709
2.984
Syracuse E'st-BideRy Deoember.
37.328
addition to their gross and uet earnings given in the foregoing,
Syracuse Rap. Tr. Ry. December. 33,968 36.524
Terre Haute El’c. Ry. ;October... 12,450 11,997 137,761
120.771
also report chargee for intereet, A c ., with the surplus or deficit
2,000,358) 1,998,723
Third Ave. (N. Y.) . Septemb'r.
above or below those charges.
Toronto Ry................. November. 75,557 78,447 904,354
902,498
— Inter'!, rentals. Ar.-> r-Bat. of Mel Mams Twin City Rap. Trau. December. 171,523 168 418 2,037,933 1,981,770
1895.
1896.
1895.
1896.
185.960
Onion (N. Bedford)... Deoembor. 16,422 16,008 208,693
s
Jioads.
United Tract. (Proy.) December. 142,216 138,681 1,723,139 1,633,712
8
*
$
56.925
95.833
217.775
212.475
13,107
16,394
189.493
Cult.
Trao.
(Reading)
December.
188,396
dev.Cln.Cti- A 3LL..DO*
533,163 Waketleld A stone___ December.
255,533
3,763
3,682
July 1 to Dee. 31. . . . 1,422,605 1,424,149
56,857
55,527
10.726
2,490 Waterbary Traotion.. December. 21,770 22,789 245,363
36,80 ?
36.802
Peoria A Eastern... De*
14,817
Deoember.
11.702
167.993
149.079
Wheeling
Railway..
40,113
del.
40,934
220,810
220,810
July l to Dec 31.......
Valley Deoember. 45,439 43.099 507,289 450.204
10.802 Wilkesb.A Wy.
1,298
11.106
14.347
Rio Grands Sooth....Dec.
3,092
St. R y ... Septemb’r.
3,458
06,972 Wilmington
85,336
22,317
84,640
July 1 to Dee. S t.......
Worcester Oousol....... Ootober... 40,109 39,040
...........
2,353 Worcester 8 nb.8 t. Ry. Septemb'r, 14,291
21,972
20,384 def.9.528
Toledo Poo. A Weal . Nov.
17,234
109,862
101,921 def.l 1,521
July 1 to Nov. 30.......
* Figures were exceptional in 189 >on account of Atlanta Exposition,
t Large business in Deo.. 1895, due to boycott on competing lines,
NORTHERN PACIFIC.
i Deorease in earnings due to factories being shut down.
Sept. 1 to Dec. 31.
Her., 1896.
$7,469,552
Gross earnings.....................
...$ 1 ,15 5 ,11 5
Street Railway Net Earnings.—The following table gives
3,925,272
Operating expense*....................................
879,820
the returns of S t r e e t railway gross and net earnings received
$3,511,280 this w ee s. In reporting these net earnings for the street rail­
Set earning*................
$575,525
177,981
Taxes.............................................................
28,507
ways, we adopt the same plan as that for the steam roads—
$3,36 !,299 that to, we print each week all the returns received that
Set opera! tog Income.......................... $517,018
ldeeel. Income not Inciud'g land sales,.
15,802
100,828 week, but once a month (on the third or the fourth Satur­
$3,467,127
Total net Income............ ................... $592,820
Tbc aporatlDg expenses from Sept. 1. 1896, Include a proportionate
part of the **'.lmat(ul taxes uml rail and tie renewals for tho ourreut
□seal year of the new company, being ton months to July 1, 1897.

STREET RAILWAYS AND TRACTION COMPANIES
The following table shows the gross earnings for the latest
period of all st r e e t railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is

the same as that for the steam roads— that is, the first two
oolumns of figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
the calendar rear from January 1 to and including such latest
week or month.
■TREET RAILWAYS
G rom
KAEXINOI.

A S l) TRACTION COMPANIES.

Dated Gross Earnings.
>11896-7. 1885-6.

Jan. 1 to Latest Dali.
1890-7. | 1895 6 .

$
«
$
I
$
5,782
91,686i ............
6.450
16.18C 15,670 191.27S 168.733
3,983
49,178
3,822
46,055
3,309
4.665
29,250 -62,848 368,715 *474,112
6,171
8,768
100,956 95,673 1,249,668 1,155,882
1.481
1,587
20,503
20,8»*1
7,07a
90,558
7,202
88,871
12.432 10,896 144,747 128,891
5,021
4,788
10,338
9,791
17,366 21,029 311,295 273,384

Akron BedfMA Olev December
Akron »t-Ry.A 111. Co
Amsterdam Bt. B y ...
Anders'nSt. Hy.llod.) October. ..
Atl. Consol. St B y..
Atlanta Railway.......
Baltimore Traction..
Bath St. Ky. (N. Y .I.. December.
Bay Cttlea Conaol___
Binghamton 8 L Ry...
Bridgeport Traction. 2d wk Jen
Brockton Con. 8 t Ry.
Br'klyn Rap.Tr. O o .Brooklyn IIrights.. Dcember 371,739 353,237
Br'klyn Qu'n* A 3ui> December 57.932 53,595
Total for *y*tem . December 429,671 400,832
Bultaio Ry....... .......... 8eptemb'r
Cheater Traction____ December 14.977 14,219
Chic. A So. Side R.T.,
57,437 63,885
O n. Newport A Oov.
62,976 62,730
City Elec. IKimjr.Ga l December.
1.699
1,709
Cleveland city B y .... August
113,344 100,062
Cleveland Electric-,.. December 135,573 135,862
Clove. Palnav.A K .. . . December
4,993
Ootumbua St. Rv. (0.) IstwkJan 10,881 11.739
Ooney Island « B'irn. November. 21.963 22,316
Conaol. Traction. N.J Bepteinb'r
245,538
Dane. Oaa EL light A
Street Ry...................November.
9,209
8,845
Dayton Traction........August____
5.914
Denver Oon. Tramw December. 57,897 57.194
Detroit R y ... . . . . . . . . . December 34,842 f 47,399
Daiath St. Ky............. November. 16,732 19,307
Erie Elec. Motor Oo.. December
11,317 12.534
Galveaton City Ry
November. 16,682 15,849
Herkimer Mohawk i|.
Ion A P"kfort El. Ky December.
3,765
3,852
Hooatek Ry....... .
Decctnlier.
509
Houston City 8 L Ky October. .. 18,714 17,346
Interstate CotwoL ol
Worth Attleboro... December.
9,837
8,936
Kingston CStf Ry.......December.
4.655
4.401
Lehigh Traction....... December.
9,054
London St Ry. (Can.) December
7,685; 5,417
Louisville Kill way... August... . 103.061 105,647
Lowell Law. A Hav . December 29,094 28.938
Lynn A Boeton.......... 2d wk Jan.
2 1,2.5 19.390
Metrop.tKaneaaCItri t 't wkJan. 28,8U i 29,659
Montgomery Bt. Ry Deeember
4.695
4.383
Montreal Street Ry... December. 103,116 94,800
Naaaati Elec. (R'klyni November 113,913 26,602
Wewburgh Electrie. December
?\150
0.430

4,548.762 3,987,296
720,300 615,204
5,269,062 4,602,500
1,031,237 985,799
206,331 204,571
639.230 059,491
430,377 405,371
20,524
762,634 688.188
1.634.839 1,503.619
10,881
11,739
319,634 358,081
2,092,756 1,869,635

724,511
423,007
213,067
150.503
190,255

716,039
216,505
150,035
200,487

*

$

day) we bring together all the roads furnishing returns, and
the latest statement of this kind will be found in the
C h r o n ic l e of January 23, 1897.
The next will appear in
the issue of February 20, 1897.
*-----Gross Earnings.----- v
Net Earning8.------.
1896.
1895.
1896.
1895.
Roads.
$
$
$
$
Akron St. Ry. A III. Co.—
Jan. 1 to Nov. 3 0 ,....
191.279
168.733
76,353
71,676
Herkimer Mohawk Ilion
<te Frank. EL. Ry ...Deo.
3,765
3,852
1,962
2,458
Newburg Eleo Ry ...Dye.
15,150
6.430
637
1.056
July 1 to Deo. 31.......
) 19,305
58,837
22,792
23,734
N. Y. & Queens Co. By.—
Oet. 1 to Dec 31.......
85,168
19,057
P’k’ps.City&W. Palls. Deo.
6,065
6,458
2,633
1,506
Twin City Rapid Tr. Deo.
171,523
163,418
96,347
94,7 0 0
Jan. 1 to Dec. 31....... 2,037,933 1,964,770 1,162,149 1,117,881
Wilkes b. A Wy.Vy.Tr.Doo.
43,099
45,439
27,923
24,973
276,641
Jan. 1 to Deo. 31.......
507,289
450,204
240,372
I Deorease in earnings due to faotories being shut down.

ANNUAL

REPORTS.

Annual Reports.— The follow ing is an index to all annual
reports o f steam railroads, street railw ays and m iscellaneous
companies w hich have been published since the last editions
of the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does n o t include reports in to -d ay’s C h r o n ic l e .
N o te . — F ull-face figures under street railw ays refer to
Volume 64.
R ailroads and Miscel . Co ’ s.
Volume 6 4 —
Page.
Atlantic & Pacific....................... 179
Qreen Bay & Western................... 178
Pill la. Wilmington A Baltimore... 178
Western Maryland........................ 178

Street R aii.wa .ts—(Oon.)
Volumes 63 and 64.
Lake St. Elevated, Chicago.........177
Lowell Lawrence St Haverhill...... 1061
Lowell St Suburban........................1001
Lynn St Boston......................1007,1113
Montreal Street............................. 80*’
St r e e t R a i l w a y s .
New Orleans Traction (Ltd.)......1 7 7
Volumes 63 and 64—
Page. North Chicago St. lill................... 1 7 «
Akron Bradford & Cleveland RR. 1 7.N North Shore Traction.....................1118
Rochester Ry ................................ 905
Baltimore City Passenger Ry...... 177
Brockton Consolidated..................1008 Snrlugfield (Mass.) St. Ry..............1061
Brooklyn Elevated......................... 8 0 Union St. Ry. (New Bedford)....... 1061
Brooklyn Rapid Transit................ 8 0 Union Traction Co., Phil...............1060
Buffalo Ry...................................... 1166 United Traction, Reading, Pa__ 1 7 7
Chicago City R y .......................... 170 West Chicago St. HR.....................1 7 6
Chicago & So. Side R. T ............... 177 West End St. Ry. (Boston)............ 906
Globe St. Rv. (Fall River)..............106L

Pittsbnrg A Lake Erie Railroad Co.
CReport fo r the fiscal year ending Dec. SI, 1896J
The annual report of President D. W . Caldwell shows re­
sults as follows for the year 1896 :

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

EARNINGS AND EXPENSES.

123,857
120380
94,196

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

408,928 421,578
43.261
38.680
28,812
29,659
57,2*0
50,604
1,275,947 1,144,411
-a..

1895.
1896.
Earnings from—
$
$
503,995
Passengers....... ................... 553,622
Freight.................................. 3,860,079 4,133.881
66,987
Mall, express, etc..............
82,720

1894.
$
453,105
3,359,125
67,945

Total e a r n i n g s ...........4,501,421
Oper. oxpeuses .V taxes..3 ,117,340

4,704,850
3,390,094

3,880,175 4 ,0 4 0 ,7 5 !
2,45.5,623 2,901,712

Neteam ings................. 1,334,081 1,314,759
Perot of exps. to earns .. (69'25)
(72'05)
—V. 62, p. 680.

1,224,552 1,136,072
(68'44)
(71'88)

1893.
$
544,820
3,422,729
73,235

THE CHRONICLE

J anuary 30, 1897.]

26Y

1. 1896. Of the 834,999 tons carried in the late year, ferti­
Delaware & Hudson Canal.
lizers furnished 100,783 tons, bii uminous coal, 143,641; sand,
( Report f o r the year ending Dec. SI, 1896.)
stone, etc., 100,008 ; cottoa 62,147 tons (264,861 bales.)
In advance of the annual reporc the statistics below for
Physical Condition.— The following statement has been
four rears have been compiled for the Chronicle . The re­ furnished to the C h r o n ic l e :
sults show a irifle over 5 per cent on the s ock in 1896, against
Road (miles)—
1896.
1895.
1896.
1895.
6% per cent in 1895,7 1 per cent in 1894, 10'71 per cent in Length main line
Ties renew’d, No. 181,522 159,355
and brauches*.
303
303 Ballast on above lines—
1893, lO'll per cent in 1893 and 7 35 per cent in 1891.
IN CO M E A C C O C N T .

1896.
1895.
Receipts—
$
*
From coal.................. 7,778.225
7.864,152
From railroads.......... 10,201,634 10,129,032
From miscellaneous.
566,584 If 1,321,157

1894.
1893.
$
$
7,364,152
9,939,643
9,448,993 10,212,412
755,074
520,258

T o t a l . . ............... 18,546,443 18.819,618 18,‘ 6-,2 19 20 672,318
Operating expenses..13,693,799 13,376,733 12,529,547 14,050,431
Net........................ 4.852,644
Int., taxes A rentals. 3,087,631

5,442,886
3,078,492

5,538,672
3,319,959

6,622,137
3,407,637

For dividends . . . 1,765,913

2,364,394

2,218,713

3,214,550

HIncludes the premium obtaiaed on sale of 8,000 shares of Rensse­
laer & Saratoga stock.
— V. 64, p. 181.

Delaware Lackawanna & Western Railroad.

65-70 lba. (steel).
56-60 lbs. (steel).
Iron rails. ..........
Second traok____
Total sidiegs__
New rails laid,
tons..................

116
187
0
3ia
62

2,035

111
178
14
3hj
61

2,350

Stone, m iles...
Cinder, miles .
Nat soil, miles
Bridges, tic.
Iron bridge (ft.)..
Wooden br. ( f t )..
Trestles (feet).--

8
97
199

5
95
203

822
515
8,480

822
515
8,480

♦Exclusive of second track and sidings.

Earnings.—The results of operating the 397 miles in the
system are given below :
OPERATIONS AND FISCAL RESULTS.

1895-96.
1894-5.
1893-4.
1892-3.
Passengers oarried.......
410,106
321.897
382,716
427,948
“
“ one mile 17,23 4,068 13,357,240 14,406,665 16,219,500
Rate per pass, per mile.. 2-4* cts.
2-83 ots.
2-6 lots.
2-64 ots.
Tons freight oarried.......
793,136
707,048
709,741
720,049
“
“
“ 1 mileS9,025,409 82,755,684 77,492,258 77,406,737
Rate per ton per mile . . . 1 1 8 ots.
1-16 ots.
1-27 ots.
1 3 6 ots.
Earnings—
$
Passenger.........................
426.957
351,263
381,117
428,356
Freight..............................
983,921
888,779
917,663 ! ,
...
Mail, express, etc...........
68,914
67,595
68,404 l 1 ° 51'»96

( R eport f o r the year ending Dec. SI, 1S96.J
The annual report of this company consists of a brief in
■come account and balance sheet, issued in circular form, and
Total............................ 1,479,792
the statements of earnings and expenses, the income account
Expenses
and the general balance, for four years past, have been com­ Maintenance of way, eto. 193,745
do
equipment.
159,975
piled for the Chronicle as below. The tons of coal carried Transportation.................
556,363
were : In 1896, 7,484,071 ; in 1895, 7,987,720.
117,039

,307,638

1,367,185

1,430,252

21,551

209,547
182,214
469,927
99,074
26,602

144,050
131,460
471,073
103,036
20,365

210,411
206,512
523,715
114,958
32,638

Total............................. 1,048,673
Net earnings
..........
431,119
P. c. oper. exp. toearn’gs
(70-87)
Add other income............
92,750

987,364
320.274
(75-51)
92,752

869,984
497,201
(63*63)
92,752

1,088,234
392,018
(73-52)
92,642

8,253,401

Total............ ............
Deduct rental...................

523,869
6U0.000

413,026
600,000

589,953
600,000

484,660
600,000

1896.
1895.
1894.
$
$
$
Net receipts.......... ......... 6,730,979 6.760,900 7.049.667
fnterest and rentals.. . . 5,406,239 5,400,239 5,412,322

1893.
$
9,253,401
5,300,490

Bal., def. to leasees...
- V . 63, p. 28.

76,131

186,974

10,047

115,340

Balance, surplus..., 1,324,740
Dividends (7 p er o t.)... 1,834,000

2,892.911
1,834.000

("Statement f o r fiscal year ending Dec 31,1896.)
The advance statement for the late fiscal year c m oires ai
follows with the figures for the three years 1893 to 1895 ;

Taxes..................................

BABNINGS AND EXPENSES.

1896.
1895.
1894.
$
$
$
Gross rcpts., all a'roes..44,206,352 44,201,909 43,058,862
Operating ex pa., better­
ments, equip., eto . . . 37,475.373 37,441.009 36,039,195
Net receipts.................... 6.730,979

6,760,900 7,049,667

1893.
$
48,780,973
40,537,572

INCOME ACCOUNT.

1,354,661 1,637,345
1,831,000 1,834,000

8ur. or def after div„ df.509,200 df.479,339 df.196,655 sr.1,058,911
GENERAL BALANCE SHEET DEC. 3 1 .

1896.
A ssetsS
Construction account. .33,742,817
Stooks and bonds, cost.10,373,602
Net cash and current
accounts receivable.............. .— .
Materials, fuel, Ao......... 1,857,160

1895.
1894.
$
$
33,742.817 33.742.817
10,418,039 10,423,039

1893.
$
31,340,522
9,519,089

*201,343 *1,248,662 *1,745,639
2,231,223 1,658,244
1,663,568

Total............................ 45,973,585 46,593,422 47,072,762 47,269,418
Liabilities—
■Stook.................................. 26,200,000 26,200,000 26,200,000 26,200,000
Funded debt.................... 3,067,000 3,067,000 3,067,000 3,007,000
Net ossh and ourrent
account payable.......... t l ,468,908
..................................
...........
Burp] us account............. 15,237,077 17,326,422 17,805,762 18,002,418
Total liabilities....... 45,973,585 46,593,422 47,072,762

47,269,418

*Net balance of assets over liabilities,
i Net balance of liabilities over assets.

Chicago St. PanI Minneapolis & Omaha Ry.

1896.
1895.
1894.
Year ending Dee. 31—
$
$
,
$
Gross earnings...................8,158,192 7.50S.761 7.297,619
Oper. exp. and taxes...........5,137,033 4,836,652 4,946,184

1893.
$
8,328,928
5,843.53 3

Net earnings............... 3,019,159 2,072,112 2,351,435 2,485,395
Net rentals p aid ........... 1
113,048
109,137
141,720
Net. Int. ou debt (less > 1,519,299
otherino.).................... )
1,422,830 1,412,300 1,378,599
Balance for div............1,499,860 1,136,234
829,998
965,076
Dividend on pref 7 p. o... 7*7,970
787,976
787,970
787,976
Do.
oucomm'n 2p.o. 371,185
........................................................
Sur. over dividend)-.. 340,699
Net from land sales..........notstated

348,258
36,389

42,022
230.076

177,100
132,332

Total.................................................
- V . 63, p, 1114.

381,647

272,098

309,432

Edison Electric Illaminating Co. of Brooklyn.

The report shows that 5*05 per cent was earned on the stock
( R eport fo r the year ending Dec. 31,1896J
in 1896, against 5*17 in 1895, 6’34 in 1894, 11*04 in 1893, 9 98
Statistics.—The
gist of the President's remarks was con­
in 1892, 9 21 in 1891, 10 in 1890 and 8 20 in 1889.
This statement of items on both sides of the account which tained in the circular cited in the C hronicle of Jan. 10, on
go to make up the above “ net cash and current accounts ” page 134, while a comparative statement of earnings for three
years past was gxven in the same issue on nage 133. The fol­
are as follows:
lowing table shows the increase of the business since 1890.
1894.
1896.
1895.

Accounts recetvab'e as follows: —
Cash on hand.......................................
Coal on hand (less than market
value).................................................
Advances to lea»ed roads . ...........
Advances od coal lo he deliv’d, Ac.
Coal bills and sundry accounts due
8undry accounts leoeivable...........
Total................................................
Less accounts payable, viz.:
Past due dfv’ds, Interest A rentals.
D.L.AW. div. pay. Jan., 95, '96, '97
Rentals payable after Jao. 1 ...........
State taxes payable after Jan. 1 ...
Deoember pay-rolls payable In Jan.
Bonds and mortgages........................
Vouchers due and pay. after Jan. 1.
Sundry railroad accounts................

$
1,156,587

$
914,306

$
1,110,414

2,409,923 1,852,239
995,534
974,918
1,566,230 1,673,936
1,616,604 1,359,422
422,097 1,266,433

1,419,770
1,036,989
1,632,164
1,374.458
742,319

8,166,976

8,041,259

7 ,3 1 6 ,1 1 3

150,563
147,763
458,500
458,500
1,664,175 1,664,139
492,203
417,489
825.546
878,343
139,741
139,741
2,965,156 2,080,1-9
3,240,009 2,023,753

1 5 5 ,1 9 2

458,500
1 ,6 6 4 ,1 3 3

455,837
745,960
139,740
1,623,691
0 2 4 ,3 9 8

Total............................................... *9,635,883 7,839,916
6,007,451
Balance of aooonnts.................pay’l . 1,468,908 r'c.201,343r’o .l,248,662
♦Of which $3,287,680 has been paid since close of year.
- V . 64, p. 181.

Georgia Railroad—Georgia RR. & Banking Co.
( Report o f R R fo r the year ending June 30, 1396.)

Gross.
1896...............................................................................$841,415
1895.......................................
651,056
1891
................................................................... 457,603
1893.............................................................................. 339,919
1892
................................................................... 238,156
1891...................
148,369
1890.............................................................................. 86,187

Net.
$342,149
267,319
223,406
161,058
101,281
62,759
22,660

CONDENSED BALANCE SHEET DECEMBER 3 1 .

Dr.
Lioense account ............................... .
Edison prop, acot.—real es., bids., eto .
The Citizen Co. property acooupt....... .
Insurance fund Investment aooount .. .
Accounts receivable..................................
Construction, material, e t o .............. ......
Cash on hand ............................................

1896.
$945,000
2,912,280
1,208,348
58,980
101,111
54.943
29,565

1895.
$9 15,000
2,763,724
1,033,792
56,265
90,673
42,510
25,168

T o ta l....................................................... $5,314,228
Or.
Capital stook .................................. .
$3,750,000
First mortgage bonds ............................... 1,000,000
Bills and acoouuts payable......................
227,036
Du idend due Jan. 15 ................................
56,250
Accrued Interest on bonds........................
12,500
Insurance fund............................................
58,980
Depreol ttlon.................................................
150, OoO
Profit and loss.................. ........................
59,412

$4,957,134
*3,750,000
850.000
84,582
50.250
10,625
56,205
100.000
49,411

$4,957,134
$5,314,228
General.—The balance sheet of March 31, 1898, was in the - V .Total
64, p. 134.
The report fr r t ie fiscal
year ending June 30, 1896, is only now at hand. The equip­
Edison Electric Illuminating Company of New York.
ment at that date consisted of locomotives, 54; oars, 973.
( Report f o r the year ending Dec. SI, 1896. J
During the year (1895-96) 257 cirs were bought or built, and
380 sold or destroyed, A contract was made June 13, 1896,
The following advance statement has been issued for the
for 325 freight cars to be delivered between Aug. 15 and Nov 1 late fisoal year:
C h r o n icle of July 4, 1896, p. 28.

THE

282
1890,
.*■***.•, . . . . . f t , 1 4 7,41 ?
s
1%*,©#, 1* 407*230

1595.
#2,000,855
1,085,175

Increase.
#246,582
102.105

'278,091

#144,-477
40,200

§650.089
470.280

#88,268
.....

#180,709
100,000

$80,263
•_0 L0O

sf*»i #*raf**«■». ................*..$1,080,157
$21,90 >
M U M 0ft 1KHMUfi.*......................
.fiOiiiMia____
DiTltlou-U, U per o*iil
..............
A iioin a © * fo r deptt Mel*!So ,,

#755*257
470,200

CHRONICLE.

§275,977
1 20,000

*73,268
$80,709
$7,088,000 No cUangs.
\l\0
# 0 4 8 4 ,0 0 0

.......
......... -. . . . . . . . . . ...# 7 ,9 3 8 ,0 7 0
„ .? e , i '« ,0 3 a
$*t*f*.».*..** ..........
V. m . $l 370.

0$$*i 1*1

Columbus Street Railway.
f R e p o r t f o r th e fiscal y e a r en d in g D ec. S I, 1S9C.J

ni m
Emerson MeMiliici in the report says:
Pww deal
•HHf|11 M$tfw rk*.~D urian the summer an amusement ground
l&ewik im Opftt egy Park wo* opened u» the pub Ho. N ot^ithstaodtopre**loit and uufavoranie weather, the revenue detm tt*5J
liv^S ft*>5U1115.#$. ureeaM od m aterially in p lejlu g our balance on the
ripm m ie »* i-h«i <1o»e o f The year. All ears have Leon furuistied with
and the equipm ent ts la good condition. Che
f##4*r* <or life gt

©ratios, the harmonious and kindly relatious b tvreeu
eo t ikiid em ployes, and the satisfactory service rendered
ratifyiate evideaces o f careful management.
■tod 'E<{ a<}>>ne»t -—During the' year iiOO the expen­
ditures charged to ooutitrueiioo and betterm ent account amounted
ft*.d the expenditures on equipm ent, not charged to
operating expenses, amounted to $32,037.
Car
One hand red and tw enty m otor truofe*», eq tipped
with tieneral Electric Company 8. E 0 . aud 0 . E. 800 m otors; AO
open m otor ©are, 28,3-1 and M feet over ail; 103 closed oars,-BrlU,
Brow a eh, Stephenson and Barney A Smith m aauficture, 16,18, 20,
22 and 2 $ feet Inside; four electric « weepers, Sand cars, ©to.'
S ta tis t ice. — T h e re p o r ts o f th e c j m p a n y shc^v :
1894.
1896.
1895.
Total pa**ftftg®rs carried . . . . . ...1 3 ,§ 1 0 ,4 5 5 13,34 L.869 12,676,018
3,228.746
3,592.333
<S»r miles run . . . . . . . . . . . . . . . . . . . . . 3.860,540
Earn Hue* per car m ile ......* * ..* ... 16 2 cents. 17-4 cents. 17*4 cents,
8-4 cents,
Expenses |3ssr ear mil©
8 coats.
8*7 cents.
49*7%
H e re o f operating expenses
49*2%
47*8%

Use t«*M
t#* pul)l

P er car p er
1886. 1895.
17**1#—
Cl*Cls.
'E«r»leg*— -* 10*20 17*40
Op«f#l*g vs p. 9‘iH> 8*70
8-70
N ti receip t*.. 8*20

1894. | Per ear per
1896. 1895. 1891
Ots.
mile—
OU.
OU.
Ots.
17-40 i M aim o f w av.
O’O
09
0*8
8-40
Do
equip. 0M
1-0
0-8
0 0 0 1 Pow er........ . . .
06
0*9
0-7

T h e e a rn in g # , & o ., w e r e as f o l l o w s :
1896.

1895.
$626,485

1894.
$563,036

$32,203
38,448
168,027
27,440
45,477

$17,246
29,022
151,647
28,089
43,358

T ota l-...................
............ $308,146
Net eartilag* from operation
Oilier -earning*.........

$311,595
$314390
3,510

$209,362
$293,674
3, 75

T ota l.. . . . . . . . . . . .
Flxeil ebargiei. . . . . . .
I>lvi4iO<l* . . . . . . . . . . .

$318,400
$183,506
120,000

$297,449
$176,648
45,000

$303,506
$14,894
conmanKty balakcr subkt j an dart 1.

$221,648
*75,801

Gram earn
Expenses
MmlBleaimee o f way
Do
eiiatpinent..
O n d u ctio g transportation .
F ow pr.....................
QeaeraJ.. . . . . . . . . . . . .

............ $190,500

T o t a l...,— .........
fiorplu*....... ...........

huppH©#

ihand.

NEW S.

Keonrtnlzatlons, Etc. - L a t e s t D t t a a s t o D e fa u lts , R e o r la n iza tia n P la n s, P a y m e n t o f O v er d u e C o u p o n s , E t c . — MX
fa cta o f th is n a tu re a p p e a r in g s in c e th e p u b lic a ti in o f th e la s t
issues o f th>* I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s
m a y b e r e a d ily fo u n d o y m e a n s o f cue fo l l o w i n g in d e x .
T h is
in d e x d o e s n o t in c lu d e m a tte r in t o -d a v ’ a C h r o n i c l e .
N o t e .— Full-face fig u r e s u n d e r Btreet r a ilw a y s r e fe r t o
V o lu m e G.'t.

j
RAILROADS AND M1SOEL. CO.’S.
Volumes 04—
Page.

St r e e t R a il w a y s —(C on.)
Volume * 83 and 64—

Cape Four & Vailkin Val..... forecl. 181 j Chic. & So, Side R, T... .pfavt.1168,1 8 0

Central Ohio ......................... eom. ISO i Con. St, Ry.,G, ltaj>..Mlch.,<fe/ 1115, 1 *0
Chester & Lenoir.............................reorg.180
i Englewood & Chicago Elec, recur. 1
Columbus & Cln. Mid...................... cam.18o
I Kings County Kiev.. .default; com.
Ohio Southern............ .devout.. 181 Lake Street Kiev. (Cbicajstv/ora:/. J;}
Oregon Short Line A- U. N — coup. 181 i Metropol. W. S. El„ Cbic... .revr. 18
,control, i ll.
Quincy Omaha & K. C ............mfe. 181 Nashville Street..... ...
He. rinir MtuHsori At St.I..Boil sccvr. 181 Pa, Traa (Lancaster) .., .mer.960, lOil
AVlieollUK A Lake E__ rreers,,- com. 182 Peopie’s Ey..St Louis.infc, deferred 181
j Savannah E lectric................sold 8 6
St r e w K.u l w a v s .
j Scranton Traction.........— consol. 8 5
Volumes 83 and 61—
Page. ; Seattle Consol. St...........sold.1011,1004
Belie CHySt.Ry..Ra<!ine,Wls.rfc#r. ISO >Streator (HI.) Ry ..................reevr. 070
sale. 1160
Buriinaton (In.) Electric.,...fared. 4 1 j Tacoma Ry. & Water.......
Chattanooga Electric......... aj/ifrol.1114

American S ida Fountain.— No D i v i d e n d i n F e b r u a r y
company it is slated has decided not to pay a div­
idend this February on its common and first and second pre­
ferred slocks.
Heretofore the first preferred (11.350,000)
has received 6 per cent yearly in quarterly instalments
and the second preferred (also $1,250,000) has received 8 per
cent. The common stock of $1,350,000 received 10 per cent
yearly to and including February, 1898, since which time
the quarterly dividend has been \ % per cent.—V. 63, p. 375.
1 8 9 7 .— The

Atchison Topeka & Santa Fe Ry.—Attanlic & Pacific
R E . — V a lu e o f B o n d s .— The securities which the Atchison
Topeka & Santa Fe Ry. Co. has agreed to give iu return for
the A, & P. Western Division bands in accordance with the
recent settlement (see last week’s C h r o n i c l e ) ensures to the
holder of each guarantee trust 4 per cent $1,000 bond depos­
ited with the committee at least $147 in Atchison general
mortgage 4s and $189 50 in Atchison preferred stock. Of the
total issue of guaranteed trust 4s ($i8,794,000) about 97}£ per
cent had at last accounts been deposited. It any of the oonds
do not assent, their share in the Atchison securities will re­
main for distribution among the deposited bonds, causing a
Blight increase in the amounts above stated. In addition,
the deposited bonds will receive whatever can ba realized
from the Bale of the Central Division. The decree value of
an undeposited guarantee trust bond is $99 13.
A m e r i c a n B o n d h o ld e r s ,—The bonds deposited under the
agreement of July 13, 1894, on Thursday voted to accept the
proposition whereby the Atchison will purchase the Western
Division. The action was merely formal, since the assent
of the foreign holdings had settled the matter. Of the total
issue of $18,794,000, $18,330,000 have been deposited under
the agreement, and of these last $16,371,000 voted in favor of
the proposition, the holdings of one of the foreign committees
being voted by the State Trust Co, and that of the other by
Probst.Weizier & Co. A protest by William Strauss on behalf
of the income bondholders' committee was presented, express­
ing their dissent to the sale, but was not further considered.
Tae new Atchison securities to ba distributed under this ar­
rangement among the holders o f certificates of deposit for
A . & P. Guarantee Trust 4s are being signed and will be is­
sued at once.— V. 64, p. 179.

1896.
1895.
--------- ..$6,322,776
$6,226,868
ershlp,
572,000
572.00 >
.........
64.000
97,000
1,769
3,324
Atlanta & Charlotte A ir Line—-Southern Ry. — E x t e n s i o n
23,025
18,995
.........
8,141
7,124 o f M a t u r in g ^ B o n d s ,—An agreement has been made with
..........
10)9
1,442 Wilson, Colston & C o . o f Baltimore, for the exteusioa of the
7,048
12,008
.

FropAld i

IN V E S T M E N T

.

Plant, property. A c . . . . . . . .
CfCMMSewo SL Ry. Co., icjfk-o mt
B o 13dn ow n ed . . . . . . . . . . . . . . . . . . .
Q u it
. . . . . . ___ . . . . . . . . . . . . .
A#oeimt* and hill* re eel y«b
PtepnM imntMi
d ie..**..

GENERAL

[V o l . LX1V.

.$6,988,658

$8,938,763

$3,000,000
.. 3,001,000
,
572,000
39,193
158,418
14, #60
8,163
204.924

$3,000,000
8,o03,500
5-2,00 0
45,793
70,027
47,043
8,259
192,140

$569,000 Atlanta & Charlotte first preference” per cent bonds,
due April 1 next. The extended bonds will near 4 per cent
interest and mature Jan. 1,1907. The Mercantile Trust &
Deposit Co., of Baltimore, witl purchase at par any new bonds
not exchanged at time of issue.—V. 63, p. 363 ; V, 63, p. 1011.

A tla n tic Coast Line . — P r o p o s e d C o n s o lid a tio n o f S o u t h
bill is before the fiouth Carolina Lagistnre to authoriKi the consolidation of the lines in South Car­
olina that belong to the Atlaatic Coist Dine system into one
$8,96 762 company. A legislative charter is desired in order that pre­
ferred stock may be i«sued. Che Cheraw & D trlmgton and
Manchester & Augusta are two of the companies which will
LpItJgfl T xm U m Company, Hazleton, Fa*
be brought into the new corporation.—V, 61, p. 1065.

( Keirort for the year ending Dec. 31, lS'JG.J
rLitemeot for the year is as follow©:

C a r o lin a L i n e s .— A

Baltim ore & Ohio R K .—P ittsb u rg
E x te n d e d B o n d s L is te d —On the New

& C on n ellsville RR .—
York Stock Exchange
1896. j Net curnings.. . . . . . . .
$56,? 46 h ave' been listed $2,888,000 Pittsburg & Connell-mlle first
F a#
320,847 |Other earnings . . .
3,884 mortgage 4a, the portion of the original issue of 14,000,000
Mlh
675,119 j
Qf-C
120,881 |
Total net.............
$60,231 seven per cent bonds that has been extended at 4 per cent till
{ Interest and taxes.
32,259 July 1, 1046, per agreement in V . 63, p. U7S. The extended
f way and equip,
15,409 j
Iran*potta'o, etc*
*9,g.-** |
Balancetfttrp'tt*.............
48,834
1Bataftc©
•arphis,.***. . $27,072 bonds are payable, principal and interest, “ in United States
gold coin of the present standard of weight and fineness”
We% w s l t i g #..****«** $$0,64.6 j
Total stir. Jan., '0 7 ,. $82,907 and “ without deduction from such principal or interest fo r
any tax or taxes now or hereafter imposed thereon by the
BALANCE 8I1EBT 3 An. 1, 1807.
laws o f the United States, or any State thereof, which the
,
A * m 's.
|
Liabilities.
Pittsburg Company may be required by any such law to retain
Fr«,uch< * * » . ... ........ ..:$i,000,000 |Capital sto ck .
........ $1,000,000
The remainder of the loan will be
mot im n^ i........
30,000 jB o n d s ...... . . . ...............
500,000 or deduct therefrom,”
€
. . . . . . . . . _ . 6 , 6 3 3 |Bonds-—ear barn it park
11 5*000 similarly extended at or before maturity.
s—ITaeo<Tark*
18,463 |BUIS p a y a b le .. . . . . .
* 132 343
C o u p o n P a y m e n t F e b . 1 —The receivers state that the in ­
Const- and equipm ent..
761,550 jAooooottt.. . . . . ........
6 848
A w m r.tA ...........
10,452 j
Profit and loss account.62i907terest due Fen. 1 w ill be paid at maturity, namely the
coupons on the consol 5s of 1887 and the gold 5s o f 1885
Total i » » s u . . . , . . . . f$ l f8 i 7 f098 |
Total liabilities.......$1,817,098
(Pittsburg & Connellsville consols as collateral.)

J antjab? 80, 1897.)

THE CHRONICLE.

Car Trust Loan Extended.—The Court has authorized the
extension for three years at 5 per cent of the balance of $250,000 due on the car trust loan of 1887. Locomotives and cars
wor'h $1,259,824 are pledged as security for the loan.
Disbursement o f Proceeds o f Receivers' Certificates.—Spec­
ial Master Dunham has found correct the rep irts made by
the receivers of the disbursement of the proceeds derived
from the sale of the $5 000,000 receivers’ certificates author­
ized May 21,1896 The disbursements in November amounted
to $245,474, of which $98,948 was on account of claims, $2,068
for new steel rails, $3,836 for Little Seneca viaduct and $140 620 for extraordinary repairs to equipment. The balance of
the fund Nov. 30 was $607,475.
Statement as to 5 Per Cent Cfo’d Bonds, D ue 1925. —Soeyer
& Co. and Speyer Brothers, as depositaries for the gold 5s of
1885, duo 1925 (Pittsburg & Connellsville bonds as collateral),
make through our advertising columns an interesting state­
ment as to the present status of this loan and their efforts to
protect it. Additional deposits are requested. The state­
ment says in part:
Tkere have bepn deposited with ns, under the a^eement dated
A diM! 10.1806. a majority of the B. A O. bonds due Feb. 1. 1925. The
certificates of deposit of the Union Trust Co. have been listed by the
Ifew York Stock Exohanere. Our certificates for bonds deposited in
London have been listed by the London Stock Exchange.
On July 1, 1896. wirh our co-operation, the receivers arranged for
an extension of the ^4.noo.ooo Pit'sbun? A Connellsville first mort­
gage 7s, due Julv 1. 1898, which are a p^ior lien to the bonds of said
company deposited to secure the loan of 1885 bonds This extension
will eventually effect a saying in interest charges to the araouat of
$120,000 per annum.
We have had the property of the Pittsburg A Connellsville examined
by Mr. William G. Raoul, a wel»-known railroad president. His report
shows that the railroad is of great value—if not indispensable—to the
Baltimore A Ohio svstem. and that the earning capacity of this
division would be eohanced by the completion of suggested improve­
ments, Including increased facilities at Pittsburg.
The receivers petitioned for leave to borrow $ 650,000 for addi­
tional terminals at Pittsburg and Connellsville and for making other
improvements The Court authorized the issue of $650,onoreceivers’
•srtifleates. which are made the primary obligation of the receivers
of th* B. A O. and a charge upon Its whole interest in the Pittsburg A
Connellsville and only secondarily a charge upon the latter’s prop­
erty. This secondary charge, if enforced, will also rank ahead of the
#1,373.600 6 per oent consols of the Pittsburg A Connellsville
Upon the hearing we were represented bv oar counsel, Messrs.
Ivarts. Choate A Beaman and Seward, Gnthrie A Steele, and we
approved of the issue of these receivers’ certificates, as the expendi­
ture would be, in onr judgment, advantageous to the bondholders.
The coupon due August i, 1896. was promptly paid, and the receiv­
ers Inform us that they expeot also to pay promptly the coupon due
February 1, 1897.
It is in the best interest of th e bondholders that w e shall continue
to a c t for them UDtil a reorganization of the Baltimore A Ohio KR,
Co. has been completed aDd the re ce iv e rs h ip terminated. Bondholders
who have not yet d ep osited their b on d s under above agreement sh on ld
do so w ith o u t d e la y .—V. 6 1 , p. 180 .

233

1. —The first mortgage bonds of the Paducah & Elizabethtown
RR Co., secured by mortgage of Feb. 1, 1877, will be paid by
the Illinois Central RR. at par and accrued interest to their
maturity Feb. 1. 1897, uoon their presentation at No. 214
Broadway, New York.—V. 63, p. 227, 1064.
Chicago Great Western Ry.—Meeting in London.— At a
meeting of the security holders in London Jan. 13 the Right
Hon. W . Lidderdale, who presided, said in part:
The accounts for the six months to the 31st nit.—the last month es­
timated—do not on th^ir face present as favorable an appearance as
those for the same period in 1895, the surplus beyond debenture inter­
est beiog odIv $10,619, against, in 1895, $84,043; but. looking at the
great reduction of business caus d all through the U-ited States by
the Presidential election and at the extra outlay forced on the com­
pany by severe I'orms. the statement is decidedly e - oouraging.
The surplus, after paying debenture interest for l 895-96. was $161,993. To this must be added about $ 10,009 for the past six months.
Had this stood alone. It would have been difficult to resist the olaims
of holders of “ A " stock to an immediate div’ dend, but as in 1894-95
there was a deficit of more than double the amount, there is dearly no
case yet for distribution. The defloit is now about $198,000, whioh
should be considerably further reduced by June 30 next. A oharge is
made monthly to operating expenses, which, before long, should ef­
fect a steady reduction in the balances at debit.
We beg p the year 1897 with the railroad In improved condition,
and with the c e r t a i D t y o f a still greater improvement being effected
b e f o r e the next harvest
The financial position of the company, al­
though still far from what we hope to see it, is also very mu h im­
proved. The line has secured a very considerable amount of public
support, and there are distinct signs of inorease in its local traffic.
We have no proposals to make for raising fresh money, but we must
warn you that the more general business improves, the more o^rtainly
will yon be called on for consent to further demands on capital ac­
count if we are to continue to ret our full share of traffio.—Y. 63, p.
968.

Chicago Milwaukee & St. Paul R yi—Iow a & M innesota
7s.—The Iowa & Minnesota division 7 per cent bonds which
mature on July 1 may be exchanged for preferred stoob of
the company at any time within ten days after the April div­
idend on the preferred stock shall be payable. After the ex­
piration of this period no further conversions will be possible,
and the holder must accept par and interest for his bond at
maturity. It will be remembered that a few years ago the
holders of maturing; convertible bonds to a large amount let
the conversion period pass and so suffered loss.—V . 63, p. 461.
Chicago St. Paul Minneapolis & Omaha By.— First D iv i­
dend f 2 p e r cent) on Common Stock.—The Executive Commit­
tee of directors on Thursday declared a dividend of 2 percent
for the year 1896 on the common stock, and also the usual
per cent on the preferred, both payable Feb. 20. This is the
first dividend the common stock has received. As the Chicago
& North Western owns $9,320,000 common, the 2 per cent
dividend will bring it $186,400. The advance statement for
the late fiscal year is given under the heading “ Annual Re­
ports.”—V. 63, p. 1114.

Brooklyn Rapid Transit.—Brooklyn City RR.—Bonds
Due Feb. 1.—The New Williamsburg & Flatbush 7 per cent
bonds [$200,000), maturing: Feb. 1, will be purchased at par
Cleveland Cincinnati Chicago & St. Lonis Ry.— P a y ­
and accrued interest at maturity at the office of the Long:
Island Loan & Trust Co. or at the First National Bank of ment o f M aturing Bonds.—The bonds of the Indianapolis Cin­
Brooklyn. Holders mav have their bonds extended at 44£ cinnati & Lafayette RR. Co. maturing Feb. 1, 1897, will be
per cent, to mature in 1941, if they so desire.—Y . 64, p. 41, 80. paid on presentation on and after that date at the office of
Messrs. J. P. Morgan & Co., New York.—Y . 63, p. 561.
BnfTalo Rochester & Pittsbarer RR .— Quarterly.— Earn­
Columbns & Cincinnati Midland RR.—Notice to B ond­
ings for the quarter and the six months ending December 31:
holders —Holders of the 4% per cent bonds are notified by
3 mon.
Ora
Xet
Other
Interest,
Balance,
end. Dee.31.
ea ning$.
ear ings.
income, taxes, etc.
surplus. Owen Daly & Co. and Middendorf, Oliver & Co , of Balti­
1 8 9 6 ............ $889,586
$29*,29<
$ l . ,0 4 l $216,918
$9U,416 more, that they will furnish any information in reference to
1895 .........
791,097
203,663
11,709
212,654
2,718 the status of said bonds, with a view of taking whatever
6 mos.
1896.............. $1,769,983
$584,226
$25,049 $433,250 $176,025 steos may be deemed necessary [for the protection of
1896
... 1,617.894
479,791
19,141 429,009
69,923 their interests.— V. 64, p. 180.
—V. 63, p. 839.
Columbns Sandusky & Hocking RR .—Receivers D is­
Central National Bank, New York.— Listing o f New C er­ charged.—Damage Suit.— fudge Slough, at Lancaster, on
tificates.—The capital stock having been reduced from Jan. 26, granted the application of the directors of the com­
$2,000,000 to $1,000,000, the new certificates have been listed pany to take the property from the hands of the receiver ap­
in place of the old certificates.—V. 63, p. 1114.
pointed hy Judge Wright at Logan last week. At Columbus,
Central Pacific RR.—Status o f Debt to Governm ent.—The O., on Jan. 27, Jud^e Badger, of the Franklin County Com­
A*t rney-General. in making his statement regarding the mon Pleas Court, allowed a temporary restraining order pro­
Uni- n Pacific, says : “ The course to be pursued with respect hibiting any further effort to secure the appointment of a re­
ceiver without notice to the company. At the same time
to the Central Pacific has not yet been determined ”
General Thomas H. Hubbard, counsel for C. P. Hunting- counsel for the road filed a damage suit for $200,000 against
D. L. Sleeper. E. M. Poston. George W . Saul, Morris W .
ton. Prf sident of the Central Pacific, is quoted as saying:
“ Nothing is being done bv Mr. Huntington or the Central Donahue and Herbert Butler for having secured the appoint­
Pacific RR. in connection with the debt of the road to the ment of the receiver through proceedings alleged to be false
Government, for the simple reason that the Central Pacific is and malicious.—V. 64, p. 134.
not in default to the Government. In accordance with the
Dnlnth Gag St Water Co.—M ajority o f Bonds Controlled.-act of 1862, under which the Government bonds were issued, The bondholders’ committee in London, has now secured a
the railroad companv was not to be responsible for interest as majority of the first cor.sols. After Jan. 31. all additional
it fell du<>. Therefore the company will not be in de­ deposits will be subject to penalty.—V. 63, p. 1115.
fault until the principij, upon which the interest has
Edison Electric Illuminating Co. of Brooklyn.—New
been paid by the Government, but which has not been
provided bv the company, has matured. The credit Securities Listed.— On the New York Stock Exchange have
items for Government transportation and other sums been listed additional stock, $250,000, making total amount
paid by the railroad, now in the sinking fund, amount to listed $4,000,000, and additional issue of first mortgage 5 per
$15,507,055. The int°reat on that part of the original debt cent gold bonds, $250,000, making total amount listed $1,250,which has matured to date, with the principal added, amounts 000. The purpose of the new issues was stated in the Chron­
#
to a trifle over $’ 4,000,000. The dates of maturi’y of the icle, of Jan. 16.—V . 64, p. 134.
principal [including the Western Pacific lien, due $120,000
Fall Brook Railway.—Q uarterly.— Earnings for the quar­
Jan. 1, 1897. and $1 650.000 Jan. 1, 1899.— E ds ], are as fol­ ter and the six monthB ending December 31 have been re­
lows : Jan 1. 1895,82,362,000; Jan. 1. 1896 §1,6 >0,090; Jin. ported as follows:
1. 1897, $2,432,000; Jan. 1, 1898, §10.614,120 ; Jan 1, 1899,
3 mot.
Gross
Net
Other
Interest,
Balance,
$10,847,560 ; total matured and unm itured, $27,855,63 \ The end. Dee. 31. earnings, earnings.
income. taxes, etc.
survtus.
$98,136
$78,653
$10,075
$166,714
interest which the Government had paid to Dec. 31, 1896, 1890.............. $186,1 82
1895
... 211,007
129,574
93,957
11,521
212,010
amounted to $46 593 478.”—V. 64, p. 136.
fl mos.
™

Chesapeake Ohio & Sonthwestern RR.—Illinois Central
Payment o f Paducah & Elizabethtown Bonds on l e b ,

1896
..... $357,829
1895.............. 398,133
- V . 63, p. 794.

$190,081
219.871

$152,873
160,019

$14,580
19,069

$323,354
360,821

THE CHRONICLE

234

I’ itrbbnnr R K,— M e fu n d im i B o n d s S o ld .—The company
luu»
#9,730.060 or 4 per c*nt 3 0 y»ar bond* to L w , B lgrttMMB & Go. of Btwioo. Tn«*a bom!* were autbon/.id by
iiocAhoki. rs S« pt 80, 1886, to provide for th>- payment of
#360*000 o f 6* due O d l. I SOT, end #2,330,000 of 4$# due
Sept, 1 ,180?,—V, 03, p, 831
u t i l e Roe* A Memphis R B .—Memphis L ittle Rot h
P lt lS c KR. — S r tr C o m p a n y . —The Mempbia Little Rock
Pacttie Lit, lias been Incorporated by H L. Brinkley,
B, T. Porter, W . B, Mallory, John Overton, Jr., T. B. Turley
end Ccltoo Or«-et«, of Shelby County, The charter authorire* tin- oj emtinp of a line o f railroad from M.-inphi* via
Little Rock, -%rk.. to a connection with the Choctaw Okla
h« ms & tiwlf R1L, at or near Winter, in the Indian
Territory. The Utth' 1toe It * Memphis road ia to be sold in
fi r*,-!,, in < March 17, and it ia therefore supposed that the
new company la being organized to carry out the plan of the
m jgttii
r* for an .-x torsion to a junction with the Obootaw
read, CoL Brinkley * father, it I# stated, was the mtttnipro­
moter o f the Little R ck & Memphis.—V,63, p. 880.
Long M a i d R R .—-/hiredox. C o m p le te d ,— Official S ta te Untied Statjw Mortgage & Trust Company has
oomjd. t> d the purchase of the Corbin Stock for the account
o f the ryndicatr. This stock, added to that now owned by
C. M. Pratt a member o f the syndicate, is a controlling
interest.
Mr. Stephen Little’s report on the finances
of the company and Mr. H , H . Vnelanu's report of
the physical condition of the property were of such a char­
acter that the syndicate uooifdiately closed the transaction,
and the actual transfer was made yesterday afternoon. Mr.
Little’s . lamination covers a period from June 80th, 1888, to
August 31, 1880. lie commends heartily Mr. Baldwin’s
icettii ds i f readjusting the accounts and adds substantially
the follow in g:
Generally speaking, all that has been permitted to remain
pital account during these years has been limited to « •
ltn d itu n s for the double-tracking of the road, permanent
fixtures and improvements at terminals, the acquisition of
additional land to a large amount, the block system and like
permanent improvements. Nevertheless the road has within
the same period lie n in great measure reconstructed, and
the coat thereof charged to income as previously explained.
* * * * W ith these reductions made I Hnd that the con­
clusions reached by Mr. Farrington in bis report as to the
nit rarcings of the company for the past eight years are subHanUitlly correct, and ihut the railroad hereafter, wiih only
the average gross earnings of these past years, will be more
than *elf supporting.
Over a million o f dollars has been expended in new equip­
ment during the pant eight yeais, which, together with the
other equipment of the road, I am informed by Mr. Vreeland, is in got d serviceable condition. The road has substan­
tially bet n rebuilt during this period, and its physical condi­
tion is tut-ii t - to need, accordirg to Mr. Vreel imi, no extraor­
dinary expenditures for a term of years, and the facilities
now i xistir g are capable o f accommodating a large increase
in business, with,.ut a corresponding outlay in expenditures.
Anything by way o f Improved or additional terminal facili­
ties or rutural increase o f travel, which will add to the gross
returns of the railroad company, should, therefore, add su >sieutially to its net returns under inteilig, at iuanggement.
—Borne Matom-nts regarding the plans t f the syndicate were
in v , e i, p. i s o .
w e n t .—-The

Loiii& rille & N ash ville R R .— Charleston & Augusta RR,
—Smith C arolin a KxU union.— The South Carolina legisla­
ture ha*- amend, d the charter of the Charleston & August a
RR., extending the time within which bs road mny he built.
The amendment was i>m red at the instance of the Louisville
>V Nashville, which desires to retain its right to luild an
exteeeion ftom its leased line, the Georgia RR., at Augusta
to tidewsU r at Chari*. "ion. The projected line has been sur­
veyed and partly graded.— V. 64. p. J8I.
Lotllivtlb- Ne w Albany

&

Chicago By.— F o r e c lo s u r e

S a le

foreclosure sale has been ordered for March
to ut l<< unvil'e Kj ■the upset price being fixed at $2,500,000
for the road and : '"*,<100 for the equipment. The consoli­
dated mortgage, general mortgage nod tqulpmeut mortgage
are all icing fiueokwwl. St. John B >y!e, of Louisville, repre­
M a rti; Ht —The

senting Richmond Nicbolasvilln Irvine & Battyville bond I* 1
given i - iv* by the Court to file uu intervening
petition rrlfttiog the facts as to the guaranteeing of their

Vot, LAV ,

Company on Tuesday, February 21. The hollers of the
bonds arid stock are requested to deposit their securities with
the Central Trust Company, No. 54 W ill Street. Negotia­
ble certificates of that company will be issued.—V . 04, p. 181.
New York Brooklyn & Manhattan Beach Ry.—Refund­
ing Bonds tinted. —Oa the New York Stock Exchange
have been listed the $500,000 first consol 5s which were issued
to refund a like amount of 7 o»r cent bonds of the New York
& Manhattan B-ach RR. maturing Jin . 1. The new consols
were sold to Redmond Kerr & Co,, as already stated in thia
column.—V, 88, p. 1116.
New York & Canada R R .—Delaware & Hudson Canal.—
T he G u a r a n te e d D e b e n t u r e s .— As to the guaranteed deben­
tures mentioned last week, President Olyphant, of the Dela­
ware & Hudson, says:
1 tie New York <fc Camilla tiondB were not issued to on vitalize any
part at incom e, or profit and loss accoun t. They ware isBiied to repro-ent new m oney actually expen ded on t,ha capital accoun t o f New
Y ork & Canada b y Delaware & Efadnrui and m ost o f the expenditures
were made many years ago. W e did n ot make the issue until the
em ount reached $1,000,000. W em ig h t have sold these hoods had
we thought best at anv tim e during the past five years with ex actly
the same authority and legality as now.

The balance of $3,774,863 referred to in our previous issue
as remaining to the credit of the D, & H. on account o f the
New York & Canada represents the D . & H. company’s original
investment in the stock of the road. Tne advances now capi­
talized, on the other hand, were for permanent improvements
made from time to time in the way of construction. The
losses to the D. & H. under the lease, when any have oc­
curred, have been charged off by the D. & II. and have not
been carried as an asset. S m e further remarks on this matter
are in our editorial columns.—V.8i, p. 111.
New York & (Jueens County Ry.—Quarterly.—This com­
pany ia a consolidation of the street railways of Long Island
City, etc., and was incorporated .Tune 36, 1896, Earnings fo r
the quarters ending September 80 and December 31 have been
reported as follows .
1890,
dross
Net
Other
Interest,
B alance,
3 mos. ending earnings, earnings, income, taxes, etc. sitr. or det.
Sept. 3 0 ....... .........$131,997 $52,709 $12,16=5
64,242 sur.$10,63S
Dee. 3 1 ................
85,168
19,057
5,660
51,464 def. 29,747
Total 6 m os...... $220,165
—V. 63, p, 8S0.

$71,766

$17,826

$108,706

def.$19,114

Niagara Falls Power— Cataract Construction— Acetylene

Heat, Light & Power— C a p a c ity o f P l a n t t o be I n c r e a s e d .—
The following statement from the “ New York Tim es” is
pronounced substantially correct:
Preparations are m aking for an im portant extension o f the Oataraot
Construction Company’s plant at Nlasar.i Palls. At a recen t m eeting
o f the directors contracts w ere approved w hich will about double the
present, capacity o f the plant, and will necessitate the expenditure o f
m ore than *500.000. An extension o f the big pow er house Is to ho
built;, and the directors were authorized to make contracts with the
J. 1?. .dor; is. Company o f Philadelphia for five 5,000 horse-power tur­
bines. and with the WeSUdgUotise Electric M anufacturing C >. o f Pitts­
burg for five 5 000 horse-power dynam os. B ith turbines and dynam os
are to he Identical with those already installed.
An agreement has been signed bv whioh the A cetylene Heat, Light
& Power com pan y becom es the largest consumer o f electric power
generated by Die Cataract Construction Company. The list-uam ed
corporation hag ju st contracted to furnish 4.000 additional horse­
p ow er to the Acetylene Onmpaoy In instalm ents during the year, ft
Is furtherm ore expected that before Die close o f 1>97 all o f the street
railway lines in the Cttv o f Buffalo will be operated by electric p ow er
supplied from Niagara Palls.—V. 63, p. 1114.

Norfolk & Western R R .—Veto S e c u r it ie s A b o u t R e a d y .—
The new securities to be issued under the reorganization plan
will be ready for delivery in a few days—probably nest week,
— V, 63, p. 1010.
North Chicago S treet R R .— S a le o f B o n d s ,— North Chi­
cago Cily Rv. second mortgage bonds for ?650,000 which
were in tme treasury have been sold to Vermilye & Co., mak­
ing the total $2,500,600 outstanding,—V. 64, p 176.
Ohio Coal Roads.—P r o p o s e d A g r e e m e n t a s to R a t e s , — At
the meeting of the Ohio Coal Traffic Association at Columbus
Jan, 27 it was decided that an apportionment of percentages
of traffic should be made by a committee armoioted for that
purpose. The committee will meet in New York on Monday,
and it is understood that the Columbus Sandusky & Hocking
Co., which has stood out for an allowance of 15 per cent as
its share of the total traffic, will agree to a compromise for the
sake of harmony,—V. 61, p. 101.

S a la c Central RR, -R iff to A u t h o r i z e N m S to ck __ A. bill is
before the Maine LegLlators to authorise this company to increase tut cjjpjis! v m k in order u, make extensive improvePt0P°*rd to double track the road from Webster
hi Brunswick, over 100 mtln. making a double track from

Old Colony RR.— Refunding Bonds.—The Massachusetts
Railroad Commissioners have Approved an issue of $2,200,000
of -1 per cent 30 year bonds to be used for refunding the
$2,000,000 6 per cent bonds due in August, 1837, and the
§200,000 of 4Jsj per cents dm Die, 1, 1897. These new bonds
were included in the $3,000,000 ati'.hnriz -d by the stockhold­
ers on Sept. 39 (see V. 63. o. 603) R. L. 0 iv & < b „ of Bos­
ton, have purchased $400,060 fours d u -1925, $200,000of which
retires 15-year 5 pf*r cent notes maturing in March, a id the
balance take up the notes given to take up 0 per cent bon Is
maturing last September.—V. 04, p. 42.

Metropolitan tYe-t Hide Elevated UR. (Chicago)—BondHaldtrn ( om m itU f— IicorQttnization Plan, —Frederic P. OlCelt of the Central 7 rust Company, Walter G, Oakman and
Samuel 7 home have consented to act #» a committee for the
protection of the find m- rtgage 5 per cent bonds and capital
ttock, and have prepared a plan of reorganization, copies of
which may be obtained at the office of the Central Trust

Oregon Short Line & Utah Northern R y.—Oregon Short
Line RR.—JVew C o m p a n y ,— t h e Grogon Short Line RR. Co.,
which will succeed the old Oregon Short Line & Utah North­
ern, foreclosed, will be incorporated at once under the Re­
vised Statutes in Utah, where more than 400 miles o f the
company’s lines are located. Samuel Carr, of Bistoo, we
learn, will be President, and George P. Buffer, of New York,
Secretary and Treasurer. • The new board h is been agreed

PCilXpS o f I p # JL g i . a,* 48* voJCft^O.
P a y m e n t .— Coupons due Feb. 1 on the Chicago &
Itdianapolta Dtvi-ion bonds will be paid at maturity in the
O w e National Bank.— V 84, p. 184,

J anuaey 30, 1807.J

I'HK

(H K O N K 'l.K

upon as follows: Oliver Ames, Samuel Carr. Oliver W . Mink,
Henry G. Nichols, Boston; Alexander E Orr, E. Ellery A n ­
derson, Francis S. Bangs, New York; Thomas R. Jones, Sait
Lake City; Gordon Abbott. Boston; Charles H. Co3ter, New
York; T. Jefferson Coolidge, Jr., Boston; Gardiner M. Lane,
Boston; Walter G. Oakman, New York: Nathaniel Thayer,
Boston, and Walter E. GlynD, New York. The financial
headquarters of the new company will be in Boston. The
new company will take over the property in March and the
new securities will be issued soon after.—V. 64, p. 181.
Peoria Decatnr & Evansville U R .— Foreclosure Suit.—
A t Springfield, III., Jan. 25, Judge Allen, in the United
States Circuit Court, heard the application of the Cen-ral
Trust Company of New York and William A. Hiilnau. of
Evansville, lad., the mortgage trustees, to foreclose the
second mortgage. A press despatch says:
The railroad company alleges that the seoond mortgage bonds are
invalid and that they were issued pursuant to an alleged oonspiraoy
■In the interest of D. J. Mackey, President of the road, who held a
large amount of 6 peroent income bonds, by whioh ooospiracy these
bonds were exchanged for $ 2,000,000 of seoond mortgage bonds,
drawing 5 per oenc intsrest. to he paid whether earned or not. The
trustees for the second mortgage bondholders claim the stockholders,
at a subsequent meeting, rattlie 1 the issuance of the seoond mortgage.

The Court took the matter under advisement.— V. 61, p. 42.

Philadelphia Reading & New Eaglind RR. —Notice fr o m
Fletcher Committee.— The Fletcher Committee has issued the
following notice to the first mortgage bondholders:
The undersigned, who have been noting as a oommi tins i i voir in ­
terest daring the past three years, would strongly recommend that no
steps be taken at this time for the foreclosure and reorganization of
the road. There is no present exlgeney calling for snon reorganiza­
tion. The road is being economically ran io the interest of the bond­
holders by the receiver, and, at the same time, its physloaloonditlon is
well maintained. A foreclosure sale in the near future, without pre­
vious adoption of a plan of reorganization, might be seriously detri­
mental to the interests of the bondholders.
Bondholders who desire information are r quested to send their
names and addresses to the otlieeof oounsel for the committee. SOL
Drexel Building, Philadelphia.
[Signed by Committee.—Eds.)

The statement of the Wilson Committee in oppostion to the
above policy was in the C h r o x io l e of last week.—V. 64, p. 181.
Portland & Rnraford Falls U j.—New Bonds.— This com­
pany has executed a mortgage for $1,000,001), bearing date
Nov. 2, 1896, runniag to the Old Colony Trust Co. of Boston,
Mass., as trustee, to secure the issue of 4 per cent consolidate!
first mortgage thirty year gold bonds for a like amount. This
loan will retire all previous issues, viz , $438,000 first mort­
gage bonds, due Feb. J, 1912, but optional after Feb. 1. 1897 ;
$200,000 second mortgage bonds dus Oct 1,1912, but op­
tional after Oct. 1. 1897, and $100,000 5 par oent bonds of
1894, due June 1, 1904, but optional after June 1, 1895. The
•company has for several years paid regular dividends o i its
capital stock at the rate of 5 p>r cent per annum, the sams
psyable quarterly in March, Juae, September and December.
The present amount of capital stock issued and outstanding
is $1,000,000. on which the company expeots hereafter to pay
quarterly dividends as above, but probably at the rate of 4
per cent per annum, or 1 par cent quarterly.—V . 63, p, 970,
Reading Company—Payment o f Coal and Iron Bonds.—
Bonds of the Puiladelphia & Reading Coal & Iron Go. matur­
ing Feb. 1, 1897, secured upon “ Munson & Williams” lands,
will be paid at maturity at the offices of J. P. Morgan & Co.
or of Drexel & Co., Pniladelphia. Registered bonds must be
properly asigned.—V. 64, p. 135.

Sandusky(0.) Electric Railway.—Receiver A ppointed. —
On Jan. 22 this comoany was placed in the hands of Clark
Rude as receiver for default in the interest upon its bonded
debt. The indebtedness is stated to bs about $120,000.
Seattle Traction Co., Seattle, W m h .— R eortjin iz}! Com­
p a n y .—This company has baen organized as successor to the
Seattle Consolidated Street Railway, sold in foreclosure; capi­
tal stock $1,000,000.— V. 03, p. 233.

Second Avenue RU.— Metropolitan Traction, New York.—
Purchase o f Control.— William C. Whitney, Thomas F. Ryan
and others, interested in the Metropolitan Traction Co., have
bought a controlling interest in the stock of the Second Ave­
nue Railroad. The purchase is a private alf air. but 1 iter it is
proposed to lease the road to the Metropolitan Street Ry.—
V . 63, p. 881, 1063.
Second Avenne Traction.—North Side Traction. Pittsbnrg. Pa.— Lease.— The stockholders of the Seoond Avenue
Traction Co. have votel to lease the property and franchises
of the North Side Traction Co. for 939 years at a guaranteed
rental of 5 percenton the money invested.—V, 63, p. 794, 1064.
Sharpsville RR.—Receiver A ppointed.—G. W . Mellvane
has been appointed receiver for this road, which extends from
Wimington Junction on the Erie to Sharosville, Mercer Co.,
Pa., 9 miles. Riceiver Murray, of the Baltimore & Ohio,
which controls the road, petitioned for the receivership.

Third Avenne RR New York.—King's Bridge Franchise.—
The Appellate Division recently decided in Catharine L. Biekma^ l t8U't that the sale by the city to the Third Avenue Rail­
road Comoanvof the franchise for the King’s Bridge extension
of its road was invalid, hut so modified Justice Truax’s in­
unction as only to restrain tl.e building of the r >ad in front

235

of the plaintiff’s premises. Justice Scnvth. in Suoreme Court,
Special Term, Thursday, following the law as laid down by
the Appellate Division, gave judgment for the pi tiatiff ia the
taxpayer’s suit brought by Thomas H. O’ Oounor, to have the
sale of the franchise nullified, and to enjoiu the city from
treating it as valid; and also to restrain the Third Avenne
Railroad Company from building any railroad under authority
of that sale.—Y . 63, p. 877.
Union Pacific Ry .—Foreclosure Agreem ent.—Cato on
Jan. 23 an official statement was issued regarding the agree­
ment between Attorney-General Harmon, in behalf of the
Government on the one side and the Fitzgerald Reorganiza­
tion Committee on the other, in accordance with which the
Union Pacific property is to be foreclosed under all the first
mortgages and the Government liens, a syndicate guarantee­
ing to the Government a minimum bid of $45,754,000. This
bid, together with $29,629,030 heretofore paid in cash and
transportation, ensures to the Government a sum equivalent
to the principal of the subsidy bonds, with interest at about
3% per cent from their issue to their average maturity.
While the syndicate, which is headed by Kuhn, Loeb & Go,,
guarantees a bid of $45,754,000, this sum will be offset
by sinking fund assets of $17,062 664, leaving the net
amount to be provided $23,691,336, of which $4 500,000 has
already been deposited with the Uaitei Slates Trust Go. If
the foreclosure sale should be delavni the am sunt to be ad­
vanced will be somewhat less than $23,691,336 in consequence
of the accumulations of the sinking fund All relations with
the Government will be terminated by the foreclosure sale.
General satisfaction is expressed that an arrangement so mutu­
ally advantageous to the security holders ani to the Govern­
ment should have been effected, and it is believed there will
be nothing to prevent a speedy completion of reorganization.
Official Statement by the Attorney-G eneral.—Regarding the
above mentioned agreement the Attorney-General, on Jan.
22, made substantially the following statement;
Upon tile defeat of the funding bill tii tile House the President
directed the Ar.toraey-Geueral to commenoe foreolo mre proceedings
against the Union PaoiBo Ry. Co., first making arrangements
for theproteottonof the Government’ s interest. This protection is umv
assured by a guaranty that tin g.oserumen-. shall reaetve at f ireolosure sale on its lien on the aided portions of the Union Ptoittoaul
Kansas Paeiflo lines, including the sinking fund, not less tii vn $45,754,000. The sale will be pnblio, so that the Govern nent will r <ooive
the benefit of any higher bids uo ro the full amoiut of its olaim. prin­
cipal and interest The sum of $1,500,000 ct-ii was on Thursday
deposited with tile United States Trust Co. of Xsw Y irk by General
Loots Fitzgerald, chairman of the committee, as seourity. aooording
to the terms of the agreement. TUe ooinm ttee agrees to bi l par for
the sinking fund, If it Is desired to soli it at anytime before tbs fore
closure sale.
Bills in equity have been prepared, signet bvthe Attorney-General
and Hon. George Hoadlev, special counsel, and f orwarded to St. Louis,
where they will on Friday be presented to Juige Sanborn, who has
jurisdiction in all the dlstriots, the sale to take plaoe under the Gov­
ernment's lion as well as under that of the first m irtgage. The bills
will be filed in the dlstriots of Iowa, Nebraska, vVyomlng, Colorado
and Utah. Separate bills for the foreclosure of the lien ou the Kansas
Pacifio are in course of preparation. These will be filed in Misiourl
and Kansas.
The promised arrangement was submitted to the Government Di­
rectors before it was olosed. They all reoommeoded its adoption.
Their general opinion was thus expressed :
The Government cannot prudently longer defer the settlement of
this matter. The Union Paoiflo system has already beeu muoh ourtaiied nnd its revenues have been permanently reduced. Reorganiza­
tions of allied and neighboring properties have either been aooornpllshed or are in train for early consummation, and the breaking up
of the entire Uni in Paolflc system has been and is steadllv p -ogressing. rt therefore seems to us inexpedient, if not dangerous, to uegleot this opportunity of realizing the sum offered au 1 thus expose the
Government to a oonttnuous depredation of Its seourity.”
The minimum of $45,754,000 guaranteed the Government is in
cash, so that all relations with the property will terminate upon the
confirmation of the foreclosure sale.
The oourse to be pursued with respect to the Central Paoiflo has
not yet been determined.

Announcement by Reorganization Committee. — Possible
Modification o f P lan.—The Fitzgerald Reorganization Com­
mittee makes the following announcement:
‘Having reached an agreement with the United States
Government, steps have been taken to promptly proceed with
the reorganization. No material modification of the plan ap­
pears to be necessary, except that the two classes of junior
bonds—viz , Union Pacific sinking fu n d bonds and Kansas
Pacific consolidated bonds may have to be offered a somewhat
smaller allotment in new first mortgage bonds against an in­
creased allotment of preferred stock, so as to enable the oommittee to limit the issue of new first mortgage 4 per cent
bonds (which under the plan was first fixed at $100,600,000)
to $75,000,000 for reorganizition purposes, reserving the bal­
ance, under careful restrictions, for the future needs of the
reorganized company, thus materially enhancing the standing
and value of both the bonds and shares of the new com­
pany.
“ While modifications in the other features of the plan
appear not to be required uader present conditions, the com­
mittee deems it prudent to postpone the formal declaration
that the plan shall become operative until it feels assured
that the carrying into final effect of its arrangements with the
United States Government will create no conditions other
than now prevail.
“ Union Pacific sinking fund bonds and Kansas Pacific
consols not heretofore deposited may be deposited with the
Mercantile Trust Go., 120 Broadway, New York, and Old Col­
ony Trust Co., Boston, until Feb. 25th next, subject to any
modifications in the plan hereafter adopted by the committee,
and in exchange for negotiable certificates of deposit. No
deposits of these bonds will be recsived after February 2>;b.”

23 rt

THE CHRONICLE.

Payment of Oumpons. —Tbp iniprMt du® February 1st
on Mr collateral truat gold not* Da will b* paid on and
aft- r that data at (ha offi •« of J. P. Morgan & Go , Iriwteaa,
or at the office of Jacob C. Roger*, 43 Stale Street, Boston —
V. 34, p. 182.

i > c

[V o l . LX1V.

(IP c m iiu c c c ta l

C O M M E R C I A L

'i j u a c s .

E P I T O M E .

F r i d a y N ig h t , Jan, 29, 1897.

I
nloo Traction—Instalment Payable March 1.—The re­ There has been a considerable shrink ige in the volume of
cently called instalment ot $3 50 a snare is payable March 1. business transacted during the past week, as the severe
— V .'M , p. 183.
weather exptriencel has bad a tendency to oh ck trade. The
I’ alted States Tar Co — Majority o f Bond* Deposited. - dissolution of a number of combinations whose ourpise it
The reorganisation committee state that it has already re­ was lo maintain prices is having a disquie ing influence in
ceived considerable support to their scheme, including a the lines of trade affected; values as a consequence hive be­
majority of the fi*«t mortgage bonds. They therefore d-ctded come demoralized and tnerch tots na'urtllv havesnown hesi­
that on and after Jan. HI no securities will be received except tancy about placing orders in the face of declining prices.
subject to a penalty of 5 per cent on the usaessmems payable. Particularly noticeable have been the breaks in the billet pool
The committee, it is stated, will not proceed with the reorga­ and the combination of manufacturers of carriage bolts
nisation unlna at least 70 per cent of the new moneys are machine bolts, log screws, etc. It is reported that at a meet­
ing of the soft coal lines at Columou*, Onto, they practically
furnish*d under the plan.— V. 83, p. 1160.
reached an agreement regarding percentages.
There has
West End Street Ky., Boston.— Bonds Sold.— The com­ been rather a sharp break in wheat values. Crop conditions
pany has sold 33.700,000 twenty-year 4 per oent bonds to at the West have been promising and tired holders have been
Kidder, Peabody Jt Co. Of the new bonds $700,000 are to re­ liquidating.
There has continued a quiet market for lard on the spot.
fund 6 per cent bonds, due June 1 and July 1, 1897, and tbe
remainder is issued for tbe following purposes: $ 1,000,000 to Shippers have not been buyers and demand from the home
pay the «xistirg floating indebtedness incurred in building ex trade has been slow.
Prices have weakened slightly, clo ing
tensions, purchases of real estate, etc., $600,000 to defray the at 4M3^c. for prime Western,3-60c for prime C ry and 4’ 45c.
necessary cost of building extensions, and of new construc­ for relined for the Continent. There was no trading in the
tion, equipment, lands, buildings and other permanent addi­ local market for lard futures, and at the West the speculative
tions. which were in progress or had been contracted for on dealings were quiet and prices weakened in sympathy with
Dec. 1. 1896 : $300,000 to be applied to defraying the cost of the depression ot the grain markets. The close was quiet.
the extensions or other perroamet t additions during 1897 and
DAILY OLOSING PRIOBS OP LARD POTURBS.
$100,000 to defray the cost of equipping the subway.
Sat.
lion. Tue*.
Wed. IKur.
*W.
4-25
4-20
4 12
415
4-15
An advertisement offering these bonds will be found on an­ January.........................o. 4 25
other page.—V. 63, p. 1117.
Pork has had onlv a limited sale and prices have weakened
sligh'ly to $8 25@$9 00 for mess, $8 75@$9 75 for family and
Wheeling A l.ake Erie RR.— Extension and Improvement $8 75@$9 75 for short clear. Cut meats have continued in
Bond*.—Until further notice Brown Bros. & Co., 59 Wall fairly active demand, and prices have been firm, closing at
street, will receive, ss depositaries, the above-mentioned
4>a
m 7ic. for pickled bellies, 12@10 lbs. average, i\4. <44%c.
bonds, with all unmatur*d coupons attached, on the terms of for pickled shoulders and 8}.£@9c for pickUd hams Damaud
an agreement in tbe course of preparation, for the purpose of for beef has been quiet, but prices have held steady, closing
protecting the interests of the bondholders. Under this at $7 00g$8 00 for mess, 87 50@$9 00 for packet, §9 0()@$ll 00
agreement the undersigned will purchase at their faoe value for faraify and $13 00@$14 00 for extra India mess. Beef hams
the coupons, due Feb. 1, of the bonds deposited with them in have been steady at $t7 50@IS 00.
case they shall not be paid by the receivers. Proper receipts
Tallow has had only a very limited call and the market has
will be i-pu-d for the deposited bonds. Messrs. Brown, Shipw( akened slightly, ciosing nominally at 8%c. 01*>o stearine
ley & Co., of London, will receive the deposit of bonds in
has sold slowly and prices have declined to 4j^c. Lard stear­
London.—V. 64. p. 183.
ine has been qui<-t and quotati ins for oity have been reduced
to
The demand for cotton-seed oil has been quiet
and prices have weakened slightly to 2«)c. for prime crude
— Messrs. Ervin & Co., bankers, Drexel Building, offer for and 23c. for prime yellow. Butter has had a moderate sale
subscription at par and accru*d interest a limited amount of at full values, closing at 13@20c. for creamery. Cheese has
Schuylkill Traction Company first mortgage 5 per cent continued firm, closing at a @ ll% e . for State factory, full
50-year gold bonds, due in 1943.
The total ts-ue of cream. Fresh eggs have advanced and closed Brut at 19}£c.
these
bonds is
$500,000-secured
by a first lien for choice Western.
on the
miles of road operated by the company
Coffee of Brazil growth has bad onlv a limited sale and at
ami all its franchises, rolling stock, power house, car barns the close prices weakened slightly to 9%c. for Rio No. 7, at
and other property of the company. The report of the com­ which price a sale of 5,000 bags to be sbippjd was reported.
pany shows for the year 1895 96, ending Sept. 30,after the Mild grades have been in moderately active demand and prices
payment of all operating expenses, taxes and interest on the have been unchanged and steady, closing at 16c. for good
horde, surplus net earnmgs 60 per cent in excess of the Cucuta and 22!j@ 23‘ £c for standard Java. There has been
fixed charges. See the advertisement in this issue of the a quiet market for contracts and prices have weakened under
C h h o x ic l k .
selling by local traders. The close was at a slight decline.
The following were the closing prices:
—The forty-ninth annual statement of the U. S. Branch
9-3So. |M a y ................. 9-40o. I A u g ................. 9 50e.
of tbe Liverpool & London & Globe Insurance Company, is­ Feb...................
March................ 9'35o. June................. 9'45o. Sept................... 9 ’50o.
sued this week, shows the result of a very prosperous April................... 9-40o. 1 July................. 9-50o. I
year, the surplus having increased to $4,093,460, bei g an ad­
The demand for raw sugars has been dull, and importers
dition of nearly $700,000 to the figures of the preceding year. have weakened in their views, closing with sellers of cen­
Amongst the gilt edged assets of the company thtre are trifugals 96-d-g. test at 3 3 16c., and sales of muscovado 89$1,848,000 in U. 8. Government 4 per cent bonds, $3,575,700 deg. test at 2%c. Refined sugars have sold slowly, but no
in loans on fond and mortgage and $1,730,000 in real estate; changes have been made in quoted values; granulated closed
the total assets amounting to $9,339,545,
at 4J^c. Teas have been quiet, but steadily held.
Manufacturers have been more active buyers of the com­
—Tbe New England Mutual Life Insuiance Company,
Henry J. Ryan. General Agent, will, on the completion of the mon grades of Kentucky tobacco, and business transacted
Sales were 250
hbds.
Ht. Paul Building, move into a handsome -uite of rooms on has been at firm prices.
leaf
hascontinued
in
demand
at
full
the fi urth floor, which will be the New York headquarters. Seed
Sales for the week were
4 630 cases,
in­
Among iboee actively engaged with the new management values.
will be Mr. William H. Case, at present Manager of a depart­ cluding: 250 cases 1895 crop New England Havana, I5@22c.;
200 cases 1895 crop, State Havana, 12@l5c.; 1,700 cases 1894
ment in the house of Alfred Dolge & Bon.
crop, Zimmers, 10@12c.; 450 cases 1895 crop, Zimmers, 12@
— M«-e*ni. Kidder, Peabody & Co., Boston, offer for subscrip­ 16c.; 300 cases 1895 crop, Wisconsin Havana 7®10c.; 250
tion $3,760,000 of the West End Street Railway Co. 20-year cases 1894 crop, Wisconsin Havana. 8@10c.: 430 oases 1893
4 p»r cent gold bonds. Su'ecription lists will be op-ned crop, Wisconsin Havana, 8@9T£c.; 125 cases 1893 crop. Penn­
Thursday, Feb. 4, aod close on the following day, Particu sylvania Havana, 12(3'3c.; also 580 bales Havana at 65c. to
Urs sa to the issue, the earninga of the com natty, charges, $1 10 in hood, and 225 bales Sumatra at 65. to $1 75 in bond.
There has been a further advance in the market for Straits
etc., together with the terms of subscription will be found in
tin in reeponse to foreign advices, but the close was dull and
our advertising columns.
easier at 18'55@13 fiat. Ingot copper has continued to meet
— Messrs. Edward B. Smith * Co., Philadelphia, offer for with a moderate sale and values have further improved, clos­
sale $330,040 four and one-half per cent consol, bonds of the ing firm at 12o. for lake. Lead has had onlv a moderate sale,
Penn, dt N. Y. Canal & RR, Co., Ruaraoteed by the Lehigh but prices have been firm, closing at 3 07J£<93- 10c- for domes­
Valley RR. Co. Price 101 and aictued interest. See particu­ tic. Spelter has been steady at 3 85>o4c. for domestic.
lars in advertisement.
Pig iron has been quiet but steady at $U@$18 for dotn stic.
Refined petroleum has been steady, closing at 6c in bbls.,
—Tbe Nederland Life Insurance Company reporta $15,412 1J9 of new business written in 1896, and 7.948 policies cover­ 8'50c. in bulk and 6'70c. in cases; naphtha dull at 6 ^ c Crude
ing $35,475,861 in force—a gain of $7,125,268. Attention is certificates have been neglected. Credit balances have been
directed to tbe statement of tbe company advertised in to­ quiet at 85c. Spirits turpentine has sold slowlv but prices
have been unchanged and steady at 27}^@2Sc. Rosins have
day's issue.
been dull at $1 70 for co nmon and good strained. Wool has
— Mr. F. J. Lisman ia prepared to trade in Hocking Valley been in active demand at full values. Hops have had a fair
issues. See his advertisement.
sale at steady prices.

THE CHRONICLE.

'J anu ary 30, 18V7,]

237

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not

C O T T O N .

F riday Night , January 29, 1897.
cleared, at the ports named.
We add similar figures for
The Movement of the Crop , as indioated by our telegrams New York, which are prepared for our special use by Messrs.
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.

this evening the total receipts have reached 138.30.1 bales,
against 151,811 bales last week and 199,537 bales the Drevious
week, making the total receipts since the 1st of Sept., 1896,
5,540,093 bales, against 4,035,122 bales for the same period of
1895-6, showingan increase since Sep.l, 1896, of 1,504,971 bales.
Receipts at—

Sat.

Mon.

lues.

Galveston____
2.435 5,624 4,138
__. . .
Tex. City, Ao.
......
Sew Orleans... 10,733 13,226 10,741
Mobile............... 1,973 3,498 1,634
....... . . . . . . .
......
Florida.............
Savannah ......... 3,050 5,316 4,081
Brunsw'k, Ac. . . . . . .
......
......
Charleston.......
978 2,332
191
Ft. Royal, &c. . . . . . .
.....
......
Wilmington___
517
570
810
Wash’ton, <fec. . . . . . .
......
......
Norfolk..............
954 1,701 1,514
Newport N.,&c. . . . . . .
......
......
New York.........
......
......
......
Boston..............
301 1,208
852
Baltimore.........
......
......
Philadelph’a.Ao
137
250

Wed.

Thurs.

3,575
____
6,310
2,227
......
2,651
......
2,250
......
734
......
912
......
.........
1,172
......
30

2,344
........
3,765
888
.........
4,111
.........
822
.........
509
......
1,050
......
.........
04
50

Fri.

Total.

2,468 20,584
1,943
1.943
4,968 49.743
3,042 13,262
190
190
3,780 22,989
2,984
2,984
1,539
8,112
3
3
506
3,876
11
11
7,059
928
379
379
1,389
1,389
4,513
886
998
998
467

Tot’ls this week 21,108 33,475 24,211 19,861 13,633 26,014 138.302

The following shows the week’s total receipts, the total since
Sept. 1,1896, and the stoctc to-mgat, compared with 1ist veai.
Receipts to
Jan. 29.

1896-97.

Stock.

1895-96.

This Since Sep.
Week. 1, 1896.

This Since Sep.
Week. 1, 1895.

Galveston... 20,584 1,158,167
79,041
Tex. C., Ac,
1,943
New Orleans 49,743 1,691,591
Mobile......... 13,262 235,214
Florida........
64,072
190
Savannah . . . 22.989 693,789
Br’wiok, Ac
2,984 130,832
Charleston..
8,112 342,637
P.Koyal,Ac
3
53,426
Wilmington.
3,676 222,092
782
Wash’n,«fco.
11
Norfolk........
7,059 609,836
N’ portN.,Ao.
13,451
379
New York...
41,223
1,389
Boston..........
4,513 126,048
Baltimore. ..
998
44,360
Philadel.,Ae.
467
28,532

13,305 758,372
78,141
2,683
47,419 1,355,247
7,790 161,915
2,662
22,573
15,581 583,803
923
91,449
3,498 234,075
41,473
2,952 147,002
13
719
11,767 239,027
987 148,690
1,906
36,705
5,140
80,539
414
28,806
862
26,586

1897.

1896

118,484
6,218
416,698
36,561

121,104
13,765
379,271
41,333

87,016
3,377
36,211

83,078
3.596
42,935

9,094

11,365

28,564
1,594
292,753
30,500
22.241
9,286

41,214
4,792
185,323
30,000
16,349
9,375

Totals____ 138,302 5,540,093 122,002 4,035,122 1,093,587

989,500

In order th a t com parison m a y'h e m ade w ith oth er years, v e
give below th e totals a t leading ports for six seasons.
Receipts at—

1897.

1895.

1894.

Qalves’n Ao,
New Orleans
Mobile........
Savannah...
Ohas’ton, &c
Wilm’ton,<fec
Norfolk.......
N. News, Ao.
All others...

22,527
49,743
13,262
22.989
8,115
3,637
7,059
379
10,541

15,988
47,419
7,790
15,531
8,498
2,965
11,767
987
11,907

37,599
70,863
10,439
18,343
23,014
3,813
9,508
8,618
17,608

17,222
49,713
2,316
13,030
4,044
1,601
9,306;
7,794j
11,669|

1ot. this wk.

138,302

122,902

199,835

| 1896.

1 1893.

116,748

1892.

15,710
38,934
5,095
9,512
2,929
981
3,985
1,791
7,926

26,661
70.049
6.754
14,015
7,864
2,774
10,628
9,162
18,641

86.863

166,548

Blnoe 8ept. 1 5540.093 4035,122 6218,365 4913,79311067,771 5594.088

The exports for the week ending this evening reach a total
• f 139,736 bales, of which 80,628 were to Great Britain, 725

to France and 58,335 to the rest of the Continent. Below are
the exports for the week and since September 1, 1896.
Export!
from—

Week Endino Jan. 20 1807. From Sept 1, 1806, to Jan. 20, 1887
Exported to—
Exported to—
Great
Conti­ Total Great
ContiTotal
BriVn. France nent. Week. Britain. France nent.

G a lv e s to n ....... 20,063
T e x . C ity, A c..
New O rle a n s .. 10.836
M o b ile ............
F lo r id a ..........
Savannah ___
7.495
B ru n sw ick ....
0,351
C h a rleston ..
8,530
P ort R o y a l....
W ilm in g to n ..
N o r fo lk ...........
3.417
N’ p ort N , A c..
SOI
New F o r k ___
6.665
Beaton............
5,671
B a ltim ore___
6.372
P h ila d e lp h ia ..
617
8. Fran., A o ....
10
T otal

. .

T o ta l. l* 0R-0fl.

80,628

7,790 37,753
227
227
23,100 33.945

12,225

723

8.680
1,100
.........
3,102
400
1,750

725

10,720
0.351
3,530
8,684.517
701
10,492
6.671
6872
617
1,700

630,107 148,610
692.00 i 267.350
114,101
4V7*4
48.26 a 15,341
80.56«
78.330
66,*74
95,431
131,w81
5,200
7,600
191,171 16,712
158,125
60,407
6,752
6,070
103

210,654 959 410
14.622
14.622
398.105 1,267,460
14,077 12-.271
60,986
6,2o2
267,757 331,361
3.865
84.427
157.001 235.340
60.67*
104,803 200,234
32,000 10S',O8l
7,500
100,160 308,043
1.726 150.851
39,877 104,320
349
7.328
28.373
28,270

68.383 130,736 2,287,016 4^9,013 1,300,96?* 4.143.596

6.416 60.010 116.386 1.275.021 352.712 1,122.100 2,750.733

ON S H IP B O A R D , NOT C L E A R E D F O R —

Jan. 29 at—

Other OoastGreat
Britain. France. Foreign tvise.
2,077
1,303
None.
800
None.
1.000
None.
None.

53,363
29,429
10,000
11,800
14,600
19.000
8,000
34.000

363,325
89,055
77,016
24,411
21,961
9,564
284,753
43,310

65,979

5.180

180,192

918,395

94,042
96,681

18,042
10,910

209,309
213.272

780,191
831,186

27,543
11,589
None.
None.
8.300
14.000
3,100
23.000

12,149
8,452
None.
None.
None.
None
900
None.

11,594
8,085
10,00t‘
1 1,000
6,300
4.000
4.000
11,000

Total 1897.

87,532

21,501

Total 1896 ..
Total 1 8 9 5 ...

90,236
89.967

16,939
15,714

New Orleans...
Galveston........
Savannah.........
Charleston.. ..
Mobile......... ...
Norfolk............
New York........
Other ports___

Leaving
stock.

Total.

The principal feature of the market for cotton futures has
been the absence of outside speculative interest. The trading
has been confined almost exclusively to professional opera­
tions. The fluctuations in prices have been within the narrow­
est limits and the net changes for the week are unimportant.
Saturday ihere was a slight weakening in values, as easier
foreign advices prompted some selling by local traders. The
market was slightly weaker during early ’Change on Mon­
day as the estimated crop movement for the week did not
show as large a falling off as was hoped for. Subsequently,
however, there was some buying to cover contracts and the loss
was recovered. There was a slight upward turn to values on
Tuesday as stronger foreign advices and the c ntinued interest
shown by shippers in the spot markets stimulated buying,
largely by local shorts to cover contracts. Wednesday, how­
ever, there was moderate selling for Southern account, and
the market turned weaker, losing all of the previous day’s
advance. The market during early ’Change on Thursday
was quiet, with prices holding about steady. Subsequently,
however, owing to the absence of speculative interest and
the receipt of a few selling orders from foreign and Southern
markets, prices declined slightly.
To-day the market
opened unchanged to 2 points higher on reported purchases
by Eastern spinners in the spot market. Later in the day,
however, reports from New Orleans, stating that the esti­
mated supply of cotton which came into sight for the week
was larger than expected, prompted selling and prices de­
clined 3 to 6 points. The close was quiet at a decline of 2 to
4 points for the day. Cotton on the spot has been quiet and
on Monday prices were lowered 1-16c. To-da.v the market
was moderately active and steady, middling uplands closing
at 7 5-16c.
The total sales for forward delivery for the week are
428,009 bales. For immediate delivery the total sales foot
up this week 4,994 bales, including 3,800 for export, 1,194
for consumption,------for speculation and 1,900 on contract.
The following are the official quotations for each day of the
past week—January 23 to January 29.
dates on and off middling, as established Nov. 22, 1893,
and revised Dec. 11, 1895, by the Revision Committee at which
grades other than middling may be delivered on contract:
off.
on. Good O rdinary...____ ,.o . 1
on. Good Middling T in ged ...
Even.
on. Strict Middling Stained.. ?33 ofl.
on. Middling Stained.............. % ofl.
3 1S ott. Strict Low Mid. Stalnaa.. 2tS)! ofl.
off. Low Middling S tained.... 1 >4 ofl.
11ie off.

0. 1*4

StrlotLow vliddling.........
..
...

On thts basis the prices for a few of th*» grades would be as
f illows.
UPLANDS.

all on r u e s W ed

Nat.

Good Ordinary............................
Low Middling..............................
Middling.......................................
Good Middling.............................
Middling Fair..............................
GULF.

65,«
6k
6161P 6 7s
7k
7*, A
7*8
83,8
8k

65j8
616,8
75,8
7k
83,6

66 6
615,8
7» ia
7=8
8 'is

X ll.

F r l.

65,8
65,8
61*16 615.0
75,t 75.0
7=8
7=8
83.0
8 'is
F r i.

S at.

M oil Tues W e d

Th.

Good Ordinary............................
Low Middling..............................
Middling .....................................
Good Middling.............................
Middling Fair........................

6»i«
75,8
7 mia
77s
8’ is

6k
7k
7k
715,,
8k

6910
7 18
7 9.6
7 7s
8J,«

69,0
7 ’18
79,8
77s
87 A

69.8
73.8
7 Te
81,6

6s, 8
73.0
7 >
7 7s
81.0

STAIN ED.

Nat.

M 011 T u e s W e d

T il.

F r l.

Low Middling..............................
Middling.......................................
Strict Middling...........................
Good Middling Tinged.............

6'ie
6>*,e
7*32
75,8

6
6 7s
7137
7k

fl’ ie 61,8
61o,8 6 ,&ie 615,e
7332
73,a
Za3v 76,8
76,6 76,«

61,8
61*18
7332
75,0

MARKET and sales.
8ALE8 OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

Ex­
port.

8at’d a y . Quiet . . .............

(Jon- Spec- Con­
sump uVVn tract.

Totr l.

Sales of
Futures.

Monday. Easy at l ib dec. 2,600
Firm at >10 adr.

198
50
40

__

....

3,298
56
40

*200

900

....

500

1,600

35,900
92,900
76,800
78,100
74,700
70,200

2,800

1,194

1,000

4,994

428,600

Tuesday
Wed'day
Th'day..
Friday..
Total___

Quiet A steady.
k/uier .........
Steady...............

500

?g§g§
>oqoN,
-0*C->‘ 0 eJc&SDHSS©
)NHH ,h~j «3
> Cl
J
o

>

CBC4HM

** «

>0 0 0 ^ 0 0
;§ g illl
t'OHfiOOH
WHO HH
N

,© 5 ® er>c
tCpoir-Ttoco <

*“, (©

Or-*®

OOOHOO *

■O©ot>:#i>
-wopooo
o *co®
©*
ch ©
-To®ho
rJ®«Q*S2C5'# CO
r-**** *0 n>H «® • «.*
® O OH

§ OOCCCO«
_qoio rn“ 1

HCCH30-^ 0 <
OCDOaHS r
o HO o H

: a |aa|ass k -

l

I i :1 a j ;s | i
“ b ac-sr -gs

! Hg 3 ® § 2 > £ ? § §
i i s £ 2 c a «** 5 s t

j

! 3 * S S 3 aTS a ! s s

z;
o
as
EC

>

©eg <
S S ls llp lj!
» «a? s *

l i |||b

: H >gSartj=i
I 230*3^
dDDD
M arketf
Range and
Total Salat.

Receipts

TS'o’tf

Tow ns.

This
meek.

Since
Sept. 1,’98.

J®3 S 1!

172
15,008
Enfaula,
ALABAMA,..
564
118,410
M ontgom ery
66,211
371
Selma,
48,384
481
Helena,
A rk an sas . .
<•
1,385
73,082
L ittle Rock,
103
A lbany,
G ko k o ia ....
32,083
*4
[ 3)
coo
51,179
Athens,
n
1,920
116,675
Atlanta,
44
249,234
4,737
Augusta,
05 l>HCO I
<•
12,291
235
Oolumbne,
“
372
M acon,
58,785
“
OOOO O <
%©a,3 Rome,
57,831
897
s*d ® d t i,d'cj •
OOOO O <
l c? <o
85
5,133
L<rai«vill©,sie2 K b h t o o k t .
q q q q o .
92,513
S hreyepoft, L o u isia n a .
1,353
cocdoot>co , , „
OkOCO 0 * 0
31,184
d
m
259
OolumhuB,
Mississippi ,
H
COI>
“
■** CUftriO Greenville,"
■JOo
53,772
if
M i ' S on CD 05 Meridian,
131
30,295
41
511
59,641
Natchez,
44
I a s !
N
o
S
1,060
74,475
Vicksburg,
^
c3 O H
o S '*3 o Yazoo Olty,
44
56,944
-199
.S'-Sftj 8 H ,9 ® xi St. Lonig,
9,505
417,471
M is so u r i .. .
M® O
^ . 2 Charlotte,
N.C arolina
499
19,962
i **- * as ©as ©> s .> «2 «2 o6J01^d O'O
u Raleigh,
“
22,433
103
i g g gaSaj& a 1 - 2 ;®.S'g
6,803
211,788
Cincinnati,
............
O
h
io
i § “ £ Columbia,! * S. Ca r o l in a
ga§
S.g
732
27,231
•« fl'H S sa | 2 3 ;S B*-S
s
44
85
13,660
iS 5 s j * g
2 s 3 | Green wooci, T ennessee
8,226
498,278
..
Memphis,
|
°
a
§
il
600
21,134
Nashville,
g
669
48,288
T e x a s ..........
CO-O 43 ^T-i sj£J ^
a>cS o, Brenlmm,
{t
49,326
139
O O Orl
® « § 0 &
H
^
M
CD Dallas,
H ouston,
M
16,588 1,149,883
3©
5j HE-* - - Sag BRn
◄
S fc
23--J bo® p s tetoO
>
60,103 3,817,181
T otal, 31 to w n s_____
£ ft g

m 5

iO

■ s llll

s

D A IL Y

«g

January.

February.

March.

A pril.

PR IO R S A N D

SALES

OF FUTURES FOR

E AC H

Shipm’ te Stock
This
meek Jan. 29.
199
3,055
1,222
1,757
2,142
304
3,300
2,131
7,066
1,150
1,527
1,160
40
2,630
409
1,080
1,918
2,833
1,602
11,298
499
8
6,725
732
100
16,643
411
1,181
476
18,232

May.

June.

July.

August.

422
2,572
766
716
957
676
2,818
1,954
4.655
1,352
840
me
102
4,863
726
350
162
1,684
1,223
1,372
8,647
464
432
3,613
50
50
17,354
685
500
745
19.372

2,946
10,585
4,988
10,267
23,549
5,436
12,074
15,985
38,881
11,833
6,949
6,385
521
23,289
2,438
10,000
4,310
10,287
£0.429
18,246
75,601
200
2,400
8,294
200
1.050
135,092
1,508
4,606
1.004
29,917

53,308 3,022,252

81,118

505,878

MONTS.

September.

October.

November,

L tT

^=5£ «*

II

1 Pi

^

fe

O IO

g* g S ^ ' l
5
© d d
2 cS-M
i©:JD■tX
+-* H <D
fe S a g S
^-j CD eg {>,*3

1 ^ 1 |
dI i l l 2
8 a, g
* -E | 2
& -S
«
b flTSja
S — an
■e ffl <3

kr-2
Si S
i - 12
g *>
® s>
5 *r

« ® +> s c x g
i
a
l
§
a a s f q § |

S| JlO”—-1J
«,
_ g<£§
rrj
S ” o ? -OS
*
H 3 r2i r^! *C
c * o | & » g
a- as “ ^ « 1 - ft
b*b ffi _ cl k > “

it

o-a 5 a ®

■-11», a a 05 ® as
I S © |>aa=^
j

s a*
xirjn

W
> 02 o® | g s§ > ;
= ■B•111
* '3 S t?
°
^ 0
22 !» fcx
O U 5J
Cu®3 5B « © 2 2
P i£.J* g ffl
CDJ4 O o -= g f e
O O ® £> w < «
d o k aiitjO °

J s ..S
il® f
2 S-« »
is > a
g2?s

Quiet.
A v 'g e .. 7-00 A v 'g e .. 6-98 A v ’ ge.. 7*06 A v’ ge.. 7*12 A v ’ ge.. 7*19 A v'ge.. 7*26 A v ’g e .. 7*30 A v ’ge.. 7*30 A v ’ge.. 6*96 A v ’g e .. 6*82 A v 'g e .. 0*83 A v’ g e ..
2,400
34,000
2,000
100
300
1,900
2,200
1,700
92,900
5,700
4,700
37.000
6‘Wr& 7*38 6*989 7-00 6*979 7*00 7*039 7*09 7*11® 7*14 7*17® 7*22 7*23® 7*28 7*26® 7*32 7*28® 7*33 6*95 # 6*98 6*80 # 6*85 6*32 <t 6*85 — :W — I
7*02
6*99—
7*00
7*06—
7*07
7
*
1
3
7*14
0
*
8
4
6*36
Steady.
7 * 1 9 - 7-20 7*24— 7*26 7 * 2 8 - 7*20 7 * 2 9 - 7*30 6 * 9 8 - 7*01
6*84— 6255 6*89— 6*91
Firmer.
A v'ge. 7-01 A v 'g e .. 7 0 2 A v’ge - 7*10 A v ’ge., 7*17 Av’g e.. 7*23 A v ’ge.. 7*29 A v 'g e.. 7*32 A v ’g e.. 7*33 A v’ge.. 0*99!A v ’g e .. 6*88 A v ’ge.. 6*80 A v 'g e..- __ __I
Tne*4* % Jan. 20—
*20,500
5,500
2U0
1,200
7,300
2,000
1,400
100
76,800
28,200
5,600
—. m~ 6*86# 7<15 7*0l®
7*009 7*03 7*089 7*11 7*15® 7*17 7*21 » 7*25 7*27® 7*30 7*81® 7*34 7*31 # 7*35 6*97# 7*00 6*87# 6*88 6*86# —
7 "04—- 7*00 7 * 0 3 - 7*04 7 * 1 0 - 7*11 7 * 1 7 - 7*18 7 * 2 3 - 7*24 7 * 2 0 - 7*30 7 * 3 3 - 7*34 7 * 3 4 - 7*35 7 * 0 3 - 7*05 6 * 8 3 - 6 37— 6*86 6*91— 6 ‘93j
| <3l«l0
_ '
A v'ge. 7*05 A v’ge., 7*04 A v ’ge,. 7*11 A v 'g e.. 7*18 A v ’ge,. 7*24 A v’ge.. 7*29 A v’ge.. 7*34 A v ’g e ,. 7*35 A v ’ ge.. 7*04 A v’ ge,, 6*68 A v 'g e ,. 6*85 A v 'g e ., 6*90]
j Wmtnm4 'y , Jan.27— weaiief.
(!00 1
I
78,100
9,200
100
1 500
2,200
4,000
300
5,100
2,300
21,800
20,500
4,100
t o ta l..........
tPM'l'M 7*37 7*04# 7*06 7*029 7*00 7*089 7*13 7*15® 7*19 7*21® 7*26 7*27® 7*31 7*32® 7*35 7*32® 7*37 ® 7*04 — # 6 88 8*82# 6*87 — 9 6*001
j PH*M»
: 7 "04— 7*08 7*0*2— 7*03 7 * 0 7 - 7*08 7 * 1 4 - 7*10 7*21 - 7*22 7 * 2 0 - 7*27 7*3 0- 7*32 7 * 3 1 - 7*3*2 6 * 9 0 - 6*97 6 8 2 — 6*83 0*82— 6*88 o s a - 0*881

Monday , Jan,
Mai**,
J Frtcm
I a o s ia

33 6* 1 Thnrtdik fr Jan. 20—EiMilur.
A v 'g e. 7*05 A v’ ge.. 7*02 A v’ ge,. 7*00 A v 'g e .. 7*14 A v’ ge,. 7*20 Av’ ge.. 7*20
t
.
300
1,500
1,100
20.600
74,700
24.200
3,100
Mticm paid tmmmd 6*7:8# 7*33 —> 4* 7*05 8*089 7*05 7*049 7*10 7*11 » 7*16 7*17® 7*23 7*239 7*27
I
7'02— 7*04 7*00— 7*01 7 * 0 4 - 7*05 7 * 1 0 - 7*12 7*17— 7*28
. Steady.
7*28
^ 32
5| o
E ^ ler,
Av*go, ■;...... ' Av’ ge, (1*98 A v ’g e .. 7*03 A v 'g e .. 7 00 A v ’ge.. 7*10 A v 'g e .. 7*21
MAftjrv J m , 20—
|
70,200
i.u oo
27.3(H)
25,000
teia.L. . . . . #
' 2.30O
5,600
0*75# 7*20
0‘07® 7*00 7*01® 7*0(1 7*0- ,t 7*11 7*14® 7*111 7-U># 7*24
i tmm* pmiA
1 6 0 ? — 6*0B 7*02-— 7*03 7*08—* 7*09 7 * 1 4 - 7*15 7*10— 7*20
I Cf!u»l!
Quiet.
4X1 ,
15,000
•37,100
211,400
136,700
154.200
.t o o
j Tnrtftl m
7*14
7*21
02
7*01
7*07
7*20
f Jkmrm o prim*
1
H
2.277.M00
332,100
|#lbiMK« !svmHtfp. %,*m*i W M Q M & i 7,114,100 | 438,500 1 5,840,000 1 220,300

g

15,806
107,637
33,135
45,142
80,4 00
26,308
45,398
81,120
144,569
43,856
47,659
47,328
3,955
71,010
24,755
36,131
28,410
14,555
60,717
49,854
44 9,128
16,249
17,943
130,676
11,279
13,138
370,323
15,135
48,616
37,043
874,948

221
2,839
20,016
829
8,013
281
9,232
883
5,955
1,790
145
3,735
1,299
4,207
8,184
1,112
2,943
45,774
12,141
8^5
315
7,813
2,967
440
92
510
23,003
587
399
2,790
10,000
200
1,812
509
11,311 1 ItOOO
20,008
1,132
14,391 j
1,141
52,838 i
7,278
io o ;
404
482
] ,046 1
4,901
3,588
T____!
50
150
110
150,087 i
3,660
542
1,008
3,104
1,101
377
1,104
43,480
16,221

91,834 471,186

U » » B ‘
s» ■S n © *?

Movement to J a n u a ry 31 1896.
Receipts.
Skipm’ ts Stock
This
Since
This
week. Sept. I ,*95. meek. Jan. 31.

December. 1 I I
|A v 'g e.. 6-99 A v ’ge.. 6-99 A v’ge.. 7*07 A v ’ ge,. 7*14 A v 'g e .. 7*21 A v ’g e.. 7*25 A v ’g e .. 7*31 A v ’ge.. 7*32 A v ’ge.. 7*02 A v ’g e - 6*85 A v’g e .. 6*85 A v'ge.. ----- 1 p i
Saturcla jr, Jan. 22E- I Easier.
■?*
500
14,100
300
500
2,500
1,400
1,000
1,500
35,900
100
11,000
3,000
Balm,
6*98® 7*02 7*059 7*10 7*12® 7*17 7*19® 7*24 7*24® 7*28 7*29® 7*33 7*30® 7*34 7*009 7*03 6*84® 6*87 6*83# 6*87 — # —
paid (range) J 6*839 7 34 6*99# —~
7-00— 7-02 7 - 0 0 - 7-01 7 * 0 7 - 7*08 7 - 1 4 - 7*10 7*21— 7*22 7*26— 7*27 7*31— 7*32 7*32— 7*33 7*00— 7 0 2 6-83— 6*85 6*85# 6*87 6 * 9 0 - 6*92 H o
Steady,
Olening,

S3
a
H

M
M

3 £3z

Market, P rices cmd [
WVTXmMSo

OD

•3 S o | rS S f g11
lliiiiilii

2 J 2 3 .S S S S 3 B

ja

liH iii

qwqO'f®tH.
»-<© t>C$H
s s s i s I^ |
H
.
tJ © ci oseo-^d*©

i| 5 ilw | | t i I

►J
O

•®'J<2

■
«#o®in
hOOH CO
HH
r-» H
OOO O
o O ® -* o 05 O
000005 ' ■ oo qo oo i cq oo ! i
g
O^ O O ^ H O D H 05»><J5<d' c0
oloca-#oTo •* H
0 1 CIH a s s a y s " *
"TCOO'^CD©
- -Q05
HCCHOH _
H H
OOOOO
<
OOOOCDO «
OOOOO
<
O O O O b ® *
O N O O t
qooqooq - ONWtOOK
C O O V fliifiO *
Orr*QOOOC
CJO W ffiiC

SO*€f? <»«&■t*

Movement to J a n u a ry 29, 1897.

f OO Op rHH OH OH ••

S 5 | 2
SJ 5 $ $ £ &
S © fiM
^3 J3 cS : 5^J3
p4» +s ©
*5?$c
J,^ *XS ■**
2 CD
© C* *3 ■*»
be
C
f
®
.d s

A v ’ge. 7*30 A v’ ge,. 7*29 A v'ge,. 6*9i A v 'g e ., 0*80 A v ’ge. 8'SO Av'ge., 6*83 j
Ch i J
ii.io o
000
500
6,000
4,300
7*28® 7*83 7*26# 7*32 (5*91# f>*07 — # 0*80 6*78* 0*82 0-83 $ 0*8tlj
7 * 2 6 - 7*27 7 * 2 0 - 7*21 6 * 9 0 - 0*1(2 ti'7S~ 0*79 6*78— 0*79 8*0.8— 8*84

i - s totB-a

A v ’ge.. 7*26 A v’ ge,, 7*261 A v ’g e ..-----—•A v ’ ge.. 0*75 Av’ ge.. 6*70 A v'ge. .■
4,000
300
t ,300
1,000
«**’ .*>« —
0*75# 6*78 —( 9
7*24 a 7*20 7*23# 7*2U — -9 —
7**23- 7*24 7*23— 7*24 6*87— 6*80 6 * 7 5 - 6*76 0*73— 8*78 0*§0—
10,800
7*30

31,900
7*:n

8,100
6*90

152,600

20*1,300

lo .o o o

5,000
10,000

18,000
44,000* j

l f400
8*8 7
4,400

f
I?
j

'##4 ^ p 'S3; £
OH l» ft •

■•a

a -**«3

1HE CHRONICLE.

J a n u a r y 30, 1867.]

Q u 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 .—

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

Jan. 29.

Satur.

Mon.

Tues.

Galveston. .
New Orleans
Mobile.........
Savannah...
Charleston..
Wilmington.
Norfolk.......
Boston.........
Baltimore. .
Philadelphia
Angus ta.......
Memphis....
8t. Louis....
Houston___
Cincinnati..
Louisville...

7
7
6 7s

7
7
6 78
61*16
615x0
6*4
6 io1Q
7*16
?*>8
7*3
7is
615i 8
7
7
7

7
7
6 7a

6i518
6 7a
73i«
75ia
7»ia
7%
015x6
7
7
7
61518

Wednet.

Thvn.

7
7
6 7s
81*16
615X6
6*4
616,s
1r1S
7°16
V,™
713
615xa
7
7
7

7
7
6 78
6131<}
7
6*4
6 IO10
7?,6
75,8
7®16
7%
610x6
7
7
7
7

61o16
6*4
61o16
714
7»i0
7*16
713
615le
7
7
7
613 ,3

61516

7

Fri.
7
7
6 78
g.’ Jlie
®'°18
6%
6 ^ ,6
75x6
Z°18
7®is
7*8
61o16
7
7
7
7

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A tlanta............
6 7s Natchez.......... • « ! >
6*4 Eufaula............
6t» Raleigh...........
Charlotte.........
7% Little Rock—
0 7s 8elma...............
6*4 Montgomery...
Columbus, Ga.
Shreveport---- . 6 ^
05s
Nashville.......
.
Columbus. Miss
613
R e c e ip t s f r o m t h e P l a n t a t io n s . —The following table

Indicates the actual movement each week from the plantations,
l'he figures do not include overland receipts nor Southern
consumption: they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Week
finding—
D ec. 2i
“
81.

Jan. S.
'•
"

15
23,

Receipt* at the Port*. jst'fc at Interior Towns\Rec'pt* from Plant'ns.
1896-97118964,5:189-l-StS 1896-97 1895-96 1894-9511896-97 1895-96 1894-96
277,615
219,122
196,537
151 841
130.160
138.302

223.949,312,797
176,524 251.854
135,322 207,746
119,837 209.806
112,395 213,026
122.902'199,835

580,748 596,822
578,475 583,663
552.205; 565.110
532.1191562.608
502,917 533,688
471,1861605,876

609.004|282,582
600,956 216.8J9
568,651] 170.267
53 O.O2 4 ! 131.755
507,480 100.95*
489,80l| 106.571

235,439
163,165
117.069
107,035
93,475
95,092

352,972
243,806
175,441
171 179
1C0.483
182,156

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1896, are 5,890,685 bales; in
1895-96 were 4,508,300 bales; in 1894-95 were 6,650,831 bales.
2.—That although the receipts at the outports the past week
were 138,302 bales, the aotual movement from plantations wa106,571 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 95,092 bales and for 1895 they were
182,158 bales.
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 .—

We give below a statement showing the overland movement
foi tns week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Jan. 29
and since Sept. 1 in the last two years are as follows.
1896-97.
January 29.
Week.
Shipped'—
Via 9t. Louis.................................
Via Cairo.......................................
Via Parker....................................
Via Evansville.............................
Via Louisville...............................

Since
Sept. 1.

1895-98.
Week.

Since
Sept. 1.

2,607
3,887
3,692

384,651
201,664
10 633
1,537
101,433
92,714
79,882

8,647
4,402
547
o
2,266
1,984
7,829

382,166
178,925
13,107
47
97,577
57,843

Total gross overland...............
Deduct shipments—
Overland to N. Y., Boston, Ac..
Between intetior towns.............
Inland, Ao., from South.............

28,721

875,514

25,677

794,238

7,367
17
510

240,163
2,641
23,238

8,322
3
1,559

172,636

Total to be deducted...............

7,894

206,042

9,884

2 04 ,97 1

Via other routes, Ao....................

11.298
6.844
393

6 4,5 73

2 ,4 0 5

29,930

Leaving total net overland*.. 20,827 609,472 15,793 5 8 9 ,2 6 7
* Including movement by rail to Canada.
T he foregoing show s th a t th e w eek’s net overland m ovem en t
this year has been 30,327 hales, against 15,793 bales for the
week in 1890, and th a t for th e season to date the aggregate net
overland exhibits an increase over a year ago o f 20,305 bales.
In Bight and Spinner
Takings.

1896-97.
Week.

Since
Sept. 1.

1 89 5 -9 6.

Week.

Since
Sept. 1.

Receipts at ports to Jan. 29........ 138,302 5,540.093 122,902 4,035,122
Net overland to Jan. 29................. 20,827 609,472 15,793 589,267
Southern consumption to Jan. 29 20,000 447,000 18,000 442,000
Total marketed......................... 179.129 6,596,565 156.695 5,006,389
Interior stocks In excess............... ‘ 31,731 350,592 *27,810 473,178
Came Into sight during week. 147,398
129,885
Total in sight Jan. 2 9 .............
6,947,157
5,539,567
.........
North’n spinners tak’gs to Jan. 29 37,974 1,098,215 40,793 1,145,514
* Decrease during week.

It will be seen by the above that there has come into sight
during the week 147,398 bales, against 128,885 bales for the
same week of 1896, and that the increase in amount in sight
to-night as compared with last year is 1.407,590 bales.

239

W eather R eports by Telegraph .—Advices to us thisevening by telegraph from the South denote that the tem­
perature has been much lower generally during the week,
with snow in many localities. The movement of the crop
has consequently suffered some interruption.
Galveston, Texas. —The weather during the greater portion
of the week has been cold, with snow and sleet quite general
throughout the State. The week’s rainfall here has been
nine hundredths of an inch, on three days. The thermom­
eter has averaged 40, ranging from 21 to 59.
iPalestine, Texas.— We have had rain on two days during
the week, the precipitation reaching thirty-eight hundredths
of an inch. The thermometer has ranged from 10 to 64,
averaging 37.
Huntsville, Texas.—Rain has fallen on two days of the
week, the rainfall being thirty-five hundredths of an inch.
Average thermometer 37, highest 63, lowest 13.
Dallas, Texas.—It has rained lightly on two days, the
rainfall reaching three hundredths of an inch. The ther­
mometer has averaged 35, the highest being 61 and the low­
est 9.
San Antonio, Texas.—Farm work has been retarded and
early vegetation seriously injured by the cold weather. There
has been light ram on two days the past week, the precipita­
tion being thirteen hundredths of an inch. The thermometer
has averaged 42, ranging from 18 to 66.
Luling, Texas.— The weather has been quite severe. W e
have had ram on one day of the week, the precipitation
reaching six hundredths of an inch. The thermomster has
ranged from 17 to 62, averaging 40.
Columbia. Texas.— Heavy sleet and snow on Monday and
Tuesday. Rain has fallen on one day of the week, to the ex­
tent of eleven hundredths of an inch. Average thermomster
43, highest 66, lowest 20.
Cuero, Texas.—Snow fell on Tuesday. There has been ra’n
on one day of the week, to the extent of ten hundredths of an
inch. The thermometer has averaged 43, the highest being
68 and the lowest 18.
Brenham, Texas.—The weather the past week has been the
most severe since 1895. Snow fell on Monday and Tuesday.
We have had rain on one day of the week, to the extent of
fifty hundredths of an inch. The thermometer has averaged
28, ranging from 15 to 63.
F ort Worth, Texas.— Rain has fallen on two days of the
week, to the extent of four hundredths of an inch. Average
thermometer 35, highest 62 and lowest 8.
W eatherford, Texas —We have had light rain on two days
of the week, the rainfall reaching six hundredths of an inch,
The thermometer has averaged 35, the highest being 61 and
the lowest 9.
New Orleans, Louisiana.—The week’s rainfall has been
fourteen hundredths of an inch, on one day. The ther­
mometer has averaged 41.
Shreveport, Louisiana.—There has been rain on two days
during the week, the precipitation being one hundredth of an
inch, and there has been snow on two days to the depth of
three and one-half inches. The thermometer has ranged
from 13 to 61, averaging 33.
Columbus, M ississippi.— We have had no rain during the
week, but an inch of snow has fallen. Average thermometer
30, highest 60 and lowest 9.
Leland, M ississippi.— There has been no rain during the
week. The thermometer has averaged 33‘5, the highest being
62 and the lowest 6.
Vicksburg, Mississippi.— We have had sleet and snow on two
days during the week, the precipitation of which reached
sixteen hundredths of an inch. The thermometer has aver­
aged 34, ranging from 17 to 63.
Little Rock, Arkansas.— It has rained to an inappreciable
extent on one day during the past week. The thermometer
has ranged from 12 to 57, averaging 27.
Gelena, Arkansas.— We have had light snow on two days
of the week. Weather now moderating. Average thermom­
eter 27, highest 54, lowest 13.
Memphis, Tennessee.— There has been snow on one day of
the we -k, the precipitation reaching three hundredths of an
inch. The thermometer has averaged 26'4, the highest being
54-13 and the lowest 10.
Nashville, lennessee.—We have had raia on one day of the
week, to the extent of eight hundredths of an inch. The
thermometer has averaged 22, ranging from 3 to 53.
Mobile. Alabama.— We have had freezing weather since
Sunday last, with ram and sleet on one day, the precipitation
reaching twenty-eight hundredths of an inch. The ther­
mometer has ranged from 18 to 58, averaging 39.
M ontgomery, Alabama.—W e have had rain on three days
of the past week and light snow on one, the precipitation
reaching sixty-seven hundredths of an inch. Cold weather
still prevails, the mercury falling to 14 this morning. Aver­
age thermometer 39, highest 55, lowest 14.
Madison, Florida.—There has been rain on one day of the
week, the rainfall being thirty hundredths of an inch. The
thermometer has averaged 51, ranging from 29 to 68.
Savannah, G eorgia.—We have had rain on two days of
the week, the precipitation being forty-three hundredths of
an inch. Average thermometer 44, highest 62, lowest 17.
Augusta, Georgia.— Rain has fallen on one day of the week,
to the extent of twenty-eight hundredths of an inch. The
thermometer has averaged 39, the highest being 61 and thelowest 12.

THE CHRONICLE.

240

[ Vo l . L X IV .

Charleston, South Omirtnwu—Them hag been rain on one good but for foreign markets is poor. W e give the prices o
<l»y of tiii* %Tt*k, the rainfall reaching forty hundredths of an to-day below and leave tuose for previous weeks of this an
iiH-U The ihcrmouiiHrr has ranged from 19 to 59, averag- last year for comparison:
ta g 4H»

f t

thisKeek.

Shipment) since Sept. 1.
Sktpments
Conti­
Great
Tear Great ContiTotal.
B rifn . m n i, Total. B ritain nent,

1,000 8.000
37.000
i.o d o 1.000
21.000

7.000

9.000
37.000
2.000
21.000

14.000
2.000
13.000

Receipts.
This
Week.

139.000
235.000
43.000
213.000

ills

•96-7
*95-6
*94-5
*93-4

46.000
65.000
46.000
60.000

Shipments f o r the meek.
Great
B ritain.

Conti­
nent.

471.000
776.000
301.000
502.000

1 B m -97...

1,000

i $ m 97 ..

......

Shipments since Sept. 1.

Total.

Great
Britain.

Continent.

4.000
5.000

18,000
9,000

22,000
14.000

9.000
17.000

17.000
14.000

26.000
31.000

1,000

Total

Ail o t h < 1806-97,..
1895-96...

1 , 000.

2.000
1.000

3.000
1.000

13.000
19.000

38.000
28.000

51.000
47.000

T ot a ! *H—
1806-97...
1*95-06,*.

1,000

3.000
1.000

4.000
1.000

26,000
41,000

73.000
51.000

99.000
92.000

The above totals for the week show that the movement from
the fort s other than Bombay is 3 ,0 0 0 bales more than the same
week last year. For the whole of India, therefore, the total
shipments sin<>- September t, 1893, and for the corresponding
periods of the two previous years, are as follows,
TO KUBOPB PROW AE,i. ENDfA.
1895-96.
This | Since
week. ' Sept. 1.

B om bay,» ....
AU oth er port*
Tot*!

0,000)
4,000

139,000
99,000

37,000 ; 231,000
1.000
92,000

13,000

238,000

34,000

327,000

1894-95.
This
Keek.

13 M j
III

1890-97.
This I m m *
meek. \ Sept. 1.

4,000

Since
Sept. 1.
43.000
73.000
116,000

A lexandria R eceipts an d Bhipmksts,—Through arrange*
w n t t we have made with Musers. Davies, Benachi & Go., o f
Liverpool and Vh-xaoEtm, we now receive a we»kly (table of
tb« no vwm«of « o f cotton at Alexandria, Egypt. The following
»rn the receipts and shipments for the past week and for t ..
«>f th** f*r*w<rv»i» t w o y e a r * .
January 27.
&###!ptS UJAUtMT’**},
fill* f p i ,. . . .
....
61mm

1896-97.

||

145,000 j|
4 .4 14,000 li

1995-90.

Do 24
M 31
Jan. 8
15
“ 22
« 29

d.
d.
S ', , »7 %
S'* d>73s
a>* -m'M
6 hi 0 7 %
6=8 ® 7 q
0M ®7>«

».
4
4
4
4
4
4

d.
d,
d.
8.
d.
8
41** 61hB® 77,e 4
04a ®7 e* 4
8
«.H » 7 i* 4
7i* ■i
7>*
6=s v» 739 4
33j 6% »73s 4
7
4i i1333132 O-k ®77W 4
7

<L ».
2 a«
2 »0
1> *»6
11**6
l «6
1 aa

1896-97.
Receipts to Jan, 29.

120,000
4,303,000

185,000
3,018.000
This
Since ij This 1 Since 1 This
Since
week. sept. 1, j week. Sept. 1 , week. Sept. 1.

To UfftrfKwl ,. . . . . . 8..I00 2*O,O0o| 4,000 235,000 ! 9,000
188.000
T#
a it is#i*It «*#■#*«.* 6.000 179,000 : 6,000 186,000 i 0.000 187.000
Tata) u*iTop%.
11,000 399.OOOiilO.OOoi 421.000 15.000 375,000

d,
7>*
8
8
71*
7>*
8

d.
4i*
4%
4 i»3,
41*
4 »S*
4%

Stock

1895-96.

Since
Since
This
This
week. Sept. 1. week. Sept. 1. 1897.

T otaL ............................

1896.

1,595
84
355

76,652
9,991
5,767

1,278
158
163

68,402 24,134 17,752
9,533 4,674 2,253
4,738 3,260 1,534

2,034

92,410

1,599

82,723 32,068 21,539

The exports for the week ending this evening reach a
total of 5,380 bales, of whicb 5,155 bales were to Great Britain,
225 to France and — to Reval, and the amount forwarded 1 o
Northern mills has been 1,897 bales. Below are the exports
for the week and since September 1 in 1896-97 and 1895-96.
E xports
fro m —

Week Ending Jan. 29. Since Sept. 1 ,1 8 9 6 .

North’n Mills

Great F r’nce
Great Fr'nce
Total. BriVn. <&c.
Total.
BriVn. t&C.

Since
Week. SepLl,

8 ’vann’ h, A c
Oharl't'n.Ao
Florida, &oNew Y o rk ..

3,000
712
"2 3 7
625
575

” 225

Phila., & o...
T * ta l........

5,155

225

Total 1895-6

325

1,490 18,480
52
855
355 5,767

3,006 15,023
712 2,933

2,776 17,804
2,933

"462
625
575

7,247
4,893
575

4,617 11,8*64
4.898
102
677

5,380 30,681

7,495 38,176

1,897 25,102

325 27,011

5,447 32,458

1,065 29,111

A considerable portion of the Sea Island cotton shipped to
foreign ports goes vis New York, and some small amounts via
Boston and Baltimore. Instead of 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 York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News," on a subsequent page.
Quotations Jan. 29 at Savannah, for Floridas, common,
9c.; medium fins,
choice, 14(^c.
Gharleston, Carolinas, medium fine, nominal; fine, 17}^c.;
fully fine, 20@23c,
E x c h a n g e e s . —The follow ing exchanges have been made
during the week:
Even 1O0 Jan. for Feb.
■07 pd. to exoh. 100 Jan. fo r Moh.
■13 pd. to exoli. 300 Moll, fo r May.
•25 p d. to ex eh . 200 Meli. fa r Ang.
•40 (id. to exoli. 500 Deo. fo r Aug.
■35 pd. to exoii. 500 Nov. fo r May.
•21 pd. to exeh. 2,800 Feb. fo r May.
■22 nd. to exoli, 1,00 * Fob fo r May.
•08 pd. to ex ob. 800 Feb. for Moll.
•15 od, to exeh, 300 Oat, for Feb.
•15 pd. to exeb. 700 Feb. fo r A pr.
•07 pd. to exeh. 500 Mob fo r A pr
•14 pd. toex oh . 3,600 M cb.for May.
•14 pd. to exeh. 300 Feb. for Apr.
•27 pd. to ex eb. 2 0 1 Fab. for Juno.
05 pd. t o e x o h . 7.D0J May f .r J ’ ne.
•18 pd. to exoli. 500 Mob. for .T'ne.
•43 pd. to exeh. 500 Out, fo r Aug.
European

C otton

07 pd. to exoli. 100 Feb. for M ob,
•26 pd. to exoh. 500 Feb. fo r Jane.
■0 3 pd. to exeh. 200 Feb. for J.*n.
•07 pd. to exoh. 300 A pr, for May.
•23 pd. to exoh . 400 Meh fo r July
•01 pd. to exoh. 100 Feb. s. n, for
regular.
•05 pd. to exoh. 300 Sept, fo r Feb.
•05 pd. to exoh . 300 Feb. for Moh.
•12 pd.to exoh, 100 F.-b for Apr.
•10 pd. to exoh. 100 M ay for Aug.
•05 pd. to exoh. 100 Juno fo r July.
■02 pd, to exoh. 200 Feb. for Jao.
•18 pd. to exoh. 500 Feb. for May.
•04 pd. to exoh. 400 Feb. for Moll.
•05 pd. to exoh. 700 Fob fo r Moh.
I3 p d . to e x o h . 1,600 M ch.for May.

C o n s u m p t io n

to

January

1 .— B y

cable to-day wa have Mr. Ellison’s co tto i figures brought
down to Jam m y 1, We give iilso revised totals for last
year that comparison may be made. The spinners’ takings
in actual bales and pounds have been as follows:
October 1 to January l.

1894-95.

d.
s.
5 »6
5>*®0
5 -»0
43* » 6
41 **8
5 ®6

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 of the Sea Island cotton movement for the week, The
receipts for the week ending to-night (Jan. 29) and since
Sept. 1,1896, t h e s t o c k B to-nigbt, and the same items for the
corresponding periods of 1895-96, are as follows.

Since
Sept. 1.

According to the foregoing Bombay appears to show
a dterta&e compared with last year in the week’s receipts of
19,000 bales and a decrease in shipments of 28,000 bales, and
the shipment* since Sept. 1 show a decrease of 96,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of September, for tw o
rears, has been as follows. “ Other porta” cover Ceylon,
Tutieorin. Kurrachee and Cooonada.

Shipments
1# a il Murope
from —

8>a lbs. Shirt­ O otfn
8>* lbs. Shirt­ Ootfn
3 2 j Gop. ings, common Mid. 32* Oop. ings, common Mid.
Twist.
Twist.
Uplds
to finest.
Uplds
to finest.

, the pr< ;•ipitati m being into in ch .

Tin* thormouwMT b w averaged 38, ranging from 10 to 55,
Th* following statement wo have also received by telegraph,
showing th* height of the rivers at the points named at
3 o'clock J a n u a ry % 1897, and January 30, 1896.
■Jan. 28, '97. Jan. 30, ’96.
SttU
Feet.
7-4
5-2
S ew O rieao*............... A bove lo r o o f g a u g e ,!
3-8
18-0
Memphis ......................A bov e rero o f gauge. |
3-9
9-4
SMAvlUe ......................A bov e rero o f gauge.. j
6*8
70
fthrvwjHirt, . . . . . . . . . ...A b o v e aero o f gauge.
|
24*4
9-1
V5e»»!>ufg ..................Above eero of gauge.!
J n i: Berts. Haiku,no. E t c . — The market for jute bagging
has been devoid of animation the past week. Tne close to­
night is at 4 |0 . for 1 'i lbs., 5:. for 3 lbs. and 51jc . for stand­
ard grade* tu a jobbing way. Car-load lots of standard brands
are quoted at 44jc. for 1 tbs., 5c, for 3 lbs. and 5J^c. for 3’■*
lb*, f.o.b. at New York. Jute butts are very quiet at 1 l-16a.
for paper quality, 1 7-16@l*£c. for mixing and bagging and
l?|c. for spinning butts, all to arrive.
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s .— The r e c e ip t s
and shipments of ootton at Bombay have been as follows for
t h e week and year, bringing t h e figures down to Jan. 38.
bombat a sc Birrs and sbiphbnts fob vooa rmsa.

1895-98.

1896-97.

South 0ardffaw**~~lH!!* has fallen lighUy on two
tt&jr* ol ili« w<*ek* Ill# rainfall tautft twenty !niodr#d lMof an
inoii. Avi*r»g« thermometer 40-5, highest 01, lowest 13.
Wilmm, SorSh Carort»«i.—We haw had rain, hall and snow

F o r 18 95*
by «pina©r8...bal^«
ivtjrage weight o f bales,lbs
V o r 18 9.5.
r&fciogs by sp*oners.--bales
a verage weight o f baies.lbs,
f^trinKs in oon n d s.................

Great B ritain.

Oontmenl.

Total.

924,000
503
484,772,0 K>

1,193,000
2,117,000
193 4
486
579,798,000 1,041,570,000

893,000
501
447.713,000

962,000
490
47 1,*80 ,0'»0

1,955.000
195-6
919,293.000

According to tne above, the average weigut of the deliveries
in Great Britain is 503 pounds per bale this season, against
501 pounds during the same time last season. Tne Ooucmem al
» Of »t>!nn u> H « « " I 'I 1sos-a?. 17, H7 Mates: in 1895-96, 3 7 . 1 2 3 deliveries average 483 pounds, against 493 pounds last year,
b*t#»; In ICE-Ji. 22,929 balm.
and for the whole of Europe the deliveries average 493 '4
Ma v iiE-rsk Market.— Our report received by cable pounds per bale against 495-6 pounds last season. Our
to-night from Manchester states Ihut the innrket issteadv dispatch also gives the full movement for this year and last
for both yarns and shirtings. The demand for home trade is year in bales of 5 JO pounds.

THE CHRONICLE

J a n u a r y 30, 18i>7.J
Oct. 1 to Ja?i. 1.
Bales of 500 lbs. each,
000s omitted.

1896.
Great
Conti­
Britain. nent.

shall be able to reach an exact comparison of the movement
for the different years.

1895.
Total.

Great
Conti­ Total.
Britain. nent.

Spinners* stock Oot 1.
Takings In October...

24,
249,

277,
240,

301,
489,

67,
253,

535,
227,

€02,
480

Total supply.........
C rnsurnp. Oot., 4 wks.

273,
256,

517,
320,

790.
576,

320,
256,

762.
316.

1,082,
572,

Spinners’ stock Nov. 1
Takings In November.

17,
300,

197,
407,

214.
707,

64,
298,

446.
300,

510,
593,

Total supply.........
C jnstrmp. Nov., 4 wks.

317,
256,

601,
320,

921.
576,

362,
256,

746,
316,

S pinners* stock Deo. 1
Takings In December.

61,
381,

284.
513,

345.
894,

106,
344,

430,
417,

536,
731,

Total supply........
Consump. Dec., 5 wks.

442,
320,

797,
400,

1.239,
720,

450,
320.

847,
39 y

1,297,
715

Spinners’ stook Jan. 1

122.

397.

519

130

452

1,103
572

582,

The comparison witn last year is made m >re striking iiy
bringing together the above totals and adding the aver* .e
weekly cornu motion up to this time for th-i two yeirs.
Oct. 1 to Jan. 1
Bales of 500 lb». each,
0008 omitted.

1896.

1895.

Great
Britain

Conti­
nent.

Total.

Spinners’ stock Oot. 1.
takings to Jan. 1.......

24,
930.

277.
1,160

301.
2,010

67.
893.

Supply..........................
Consunipt’n,13 weeks

954,
832,

1,437,
1,040,

2,391.
1,872

962
832

Spinners’ stock Jan. 1

122

519

130

Weekly Consumption,
00* omitted.
In October...............
In November...........
In December __ _

64,0
64,0
64.0

397.

80,1
80.0
80,0

144,0
144.)
144.0

Great
Britain

Oonu
nent.

Total

535
944

eo2
1,839,

1,479 2,441,
1,027. 1,859,
452,

61.0
61,0
64.0

79,9
79,0
79.0

241

532.

143,0
143 0
143,0

1396-97.

1895-96.

1894-95.

1893-34.

1892-93

1891-92.

To. Do. 31 4,923,255 3,487,004 5,246.64e 4,201,19 3,59 6 ,7ii 4,801,302
Jan. 1 __
29,197
32,677
17,43b
8.
32,028
15,885
44 2 . . .
20,903
13,524
19,799
23,013
17,430
23,535
"
3 ....
8.
26,705
40,6911
22.42
32,623
8.
“ 4 .. .
32,765
48,13t
25,570
18,43 2
22,814
40,771
29,522
“ 5 ...
23,0 1
8.
30,663
18,183
43,593
“ 6 ....
23,228
8.
23,347
22,088
18,677
28,847
21,672
«• 7 . . .
50,228
20,84
22,539
8.
81,384
39,250
44 8 .. .
24.316
32,888.
28,516
41,210
20,134
32,704
44 9 ...
13.449
22,841
17,406
27,011
44 10 ...
26,052
29,448
8.
20,360
25,627
8.
39,407
30,427
17,079
44 11 —
11,509
17,035
30,889
29,224
8.
25,203
44 12 . .
24,423
12,168
40.789
20.574
18.455
44 1 3 . . .
19,741
8.
27,993
13,428
24,870
44 1 4 ....
16,118
52,159
8.
14,995
16,551
15,092
44 15 .. .
35,364
30,13b
8.
26,546
34,123
20,870
44 16 . . .
25,160
23,621
22,169
19,602
29,038
23,471
8.
26,052
23,121
•’ 17 . . .
27,61 ^
8.
13,332
44 1 8 -...
26 935
21.404
49,068
12,529
24,397
8.
44 1 9 ....
20,436
27,973
38,516
12,466
19,384
18,627
” 20 . . .
18,278
8.
23,116
16,457
12,133
44 21 . . . .
13,572
24,359
9,063
42,676
8.
12,299
18,87b
25,359
33,994
44 22 . . .
8.
23,215
14,823
17,054
44 23 . . .
21,1033,009
14,403
32.65
15,610
20.50!
44 24 . ..
8.
29,873
21,636
14,7.8
8.
18,759
40,501
44 25 . . .
33,173
19,98!
11,25“
20,452
24,211
8.
22,906
’ ’ 26 . . .
27,339
30,878
10.451
*8.
19,801
23,53
23,8 L2
“ 2 7 ....
14,338
11,269
44 2 3 ....
13.633
20,896
42,050
8,
10,lo6
15,380
26,014
22,0C0
“ 29 . . .
32,991
19,r3l
33,943
S.
T otal. . 5,510,093 3,993,458 6,116,377 4,939,837 3,991.014 5,427.540
Percentage of total
port reo'pts Jan. 29
74 06
77*60
80*89
77*89
75*82

This statement shows cn it one re :.<ipcs since Bept. 1 up to
to-night are now l , ) l l . 8 i > o l ie s mire than they were to the
The foregoing shows that the weekly consumption is now game day of the monte in 1896 aad 576,231 bales less thsn
144,000 bales of 500 pounds each, against 143,000 bales of like they vere 11 the s t ne day of th i month in 1895. We add to
weights at the corresponding time last year.
The t >tal the '.a d-> the pare* ita<es of total port receipts which had
spinners' stocks in Great Britain and on the Continent nave been received to January 3) in sue i •' toe years named.
increased 182,000 bales daring the month, bu, are now 63,000
The E xports of Cotton from New York this week show a
bales less than at the same date la9t seas m.
decrease compared witn last week, the total reaching 10,492
We have also received by cable the main facts contained in
bales, against 14.716 bales last week.
Below we give our
Mr. Ellison’s “ Annual Review of the Cotton Trade for the
usual cable, showing the srports of ootton from New York,
Year 1896,” but they reach us at so late an hour that we are
and ihe lirection, for each >f th-“ last four weeks: also tbe
unable to compile them for this issue. They will be given in
total exports and lirection since Sept. 1, 1896, and in the last
the editorial department of the Chronicle next week.
column thetotal for the same osriod of the previous year.
T hb Fo l l o w i n g u ts ras G r o s s r e c e i p t s of C o t t o n at
• X PORTS OP OOTTON (B 4 LBS) FROM NSW TORS StNOB SBPT l . 18 6.
New i irk. i iston, t’ lilaielphia and Baltimore for the past
Samt
Week Boding—
week, m i since September 1, 1896,
Total
period
Exported to—

Receipt)
from—
H .O rleanB...
T e x a s ...........
B avann’ h &c
M obile .......
F lo r id a .........
So. C arolina
N o. Carolina
V ir g in ia . . . .
N orth, ports
Term ,, A c ...
F oreig n ........

imw fO B K .
CM.

Bo s t o n .

dines
Sept.).

TM «
Since
u>eel. Sept. J.

7,636
6,718
2,077

111.083
138,167
203,0*5

1,693

8,050
88,655

100
187
650
1,035

4,261
81.482
18,678
154,623

2,525

11,098

1,380

41,022
3,703

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

21,632

757,012

L a st r e a r ....

18,006

626 477

5.000
6,734
6.567
94S
23,467
20,148

04.718
6*.687
121.535
16,287
398,860
3S7.5C71

PB ILA D B L PH ’ A
TM e
t04)h.

1,542

Ba l t i m o r e .

Since
This
Sept. . w e i' .

10,589

2,052

Stnc.
S'Pt

.

47,488

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

123
1,670
901

1894

1893

since
Sept. 1.

previous
year

6,427 18,519
1,531 4.773

7,095
2,100

6,277
388

135,281
55,890

117,038
33,561

TOT. to Gt . B rit ’n . 7,958 23,292

9,195

6,665

191,171

150,599

725

16,712

16,155

Liverpool...................
Other British ports

H a v re .........................
Other Frenoh ports..

1,363

1,452

T otal F rench ___

1,363

1,452

Bremen........................

515

1,246
....... 1
1,246

725

16.7L2

16,155

615
750

1,891

51,567
21,133
30,999
103,699

71

1,000

85,103

Other ports................

100

28,065

2,692

43,362

T ot . to No.E urope

982

915

1,365

1,991

52,214

Spain, Italy, &o.........
All other.....................

3,217

1,561
20

2,908
2

1,108
3

47,405
54 L

3,217, 1.581

2,910

1,111

47,946

33,336

G rand T otal ___ 13,570 27.2 0 li,7 1 6 10.492

308,043

303,789

38,725

6,64-4

170,043

32,8-13

3,937

1-8,989

Tear Beginning September 1.
1895.

Jan. l Jan.
22
| 29.

25,305
8,240
18,669

—A comparison of the port movement by weeks is not
accurate as the weeks in diSeieut years do not end a the
same day of the month. We have consequently added to our
other standing tables a daily and monthly statement, that
the reader may constantly have before him the data (' r
seeing the exact relative movement for the years named,
The monthly movements sin ;e September 1, 1896, and in
previous years, nave been as follows:

1896.

Jan.
15

882
.........
100

C o m p a r a t iv e B o a r R e c e ip t s a n » D a il y C r o p M o r m t u M .

Bontkly
Receipts,

Jan.
8.

1892

1891.

Sept’mb’r 912,486 383,886 518,762 377,408 405,355 676,823
Ootober. 1.408,516 1,202,460 1,022,604 1,311,279 1,135,473 1,532,426
■ovemb’r 1,286.251 912,759 1,607,602 1,272,776 1,125,855 1,376,909
Deoembr 1,250,000 987,899 1,497,500 1,239,738 930,029 1,215,144
Total.. 4,993.253 3,487,004 5,240,616 4,206,19113,598,712 4,801,302
Pero’tageottot. port
receipts Deo. 31..
01 64
66-56
70*21 ) 70*19
67-08

This statement shows that up to December 31 the receipts
at the ports this year were 1,138,249 bales more than in
1895 and 323,395 bales ess than in 1894. By adding to the
totals to Dscim'nr 31 the d iily receipts since that time we

Total Spain , A c ..

400

32,631
705

8 h i p p i n o N e w s .— T he exports o f co tto n fro m th e U n ited
States th e past w eek, as per latest m ail returns, have reached
149,693 bales. So far as the Southern ports are concerned these
are the sam e exports reported by telegraph and published in
the C h r o n ic l e last Friday. W it h regard to N ew Y o r k w e
inolude th e m anifests o f a ll vessels cleared up to Thursday.
Total bales.
Nbw Y ork —To Liverpool, per steamers Servia, 3,325.......
Taurlo. 2,948......................................................... ....................
6,277
To Manchester, per steamers Cuvier, 151 upland and '0 0
Sea Island___Handel, 51 Sea Island....Rosse, 86 Sea
Is!a n d ...................... . . . . ______ . . . ___ ___ _
_________
388
To Havre, per steamer La Bourgogne, 500 upland 225 Sea
Island .................................. ............................................... - ........
725
To Bremen, per steamer Karlsruhe, 1,891............ .................
1,891
To Antwerp, per steamer British Queen, 1 0 0 _________ ____
100
'I o Genoa, per steamer E ne, 334....... ...................................... —
331
To (tuples, per steamer E ns, 400................. .............................
300
To Trieste, per steamer Picqua, 374 ....................................... .
374
To Martinique, per sohooner rt. A Fuller, 3 ...........................
3
N bw Orleans T o Liverpool, per steamers Barbadian, 7,080
Legislator, 6,100 . . Nicaraguan, 4,440. ......... ........... 17,620
To Havre, tier steamer Benrldge, 6 004___letrar, 1 0,4 3 4... 16,438
To Dunkirk, per steamer Highland Piinoe, 2,305........ ........ . 7.305
To Bremen, per steamer Eitropa, 3,825 .................. ...............
3,825
To Hamburg, per steamer Oundall, 650.....................................
*50
To Antwerp, per steamer Cayo Romano, 2,000.......... .......... «■ 2,000
To Barcelona, per steamer J Jover Serra, 1,600.................
1,600

THE CHRONICLE.

242

Total bate*.
. p w i t i t t w * Helea, 9 ,1 0 0 .... N orib
............ 5 ? .§ i?
&*»&•* 1o*74 A
. , , . . , ....... ±
6,871
0,S?......._____
T o B.*vte%|*#f * .. m m
Sofisa, 3»9*^* 10,779
To fiit-ftpft- I'wf'ir utmmrm
Mobil* t » jy?rf-j- H»t, per fttrame * Mobile, #,391. ..Specialist,
:M* 4 ... .... .. ... .... - ..... ~
.... -- — * 1 3 /5 5
8 <0
# M 'u | 4 -t o » amt le<*» f%**r
A m niai. 6 30.*...
6,607
»•* c * ’i« iC * ~ -T o Ijtvr?s«>ol jN*r mummer Si. finguiu*, 6 ,6 0 7 ,....
0 « **IJ0lfeM --To 8 u r iossa, |wr
CobiSOHfld, 7 ,4 04— ..
8,752
W 10 4 wi*Ti* > To U v frp oot, p&t &to&mttT M ootby. h,75*2.. . . . . . .
300
Ku» s*. *; k •- fi* u*. ucrttaiu. p»»r
O t a « s t e , 30i*.................
B otfOiS—T*
$w
Ana«&i#&r 7 , 4 0 4 Cambr*Stt*&. f© 2 it* land aa<l 38 Ben Isla n d .... / t o ,* . MtU'U
. . . ............................... .....
*«***• 8,74 p
751
T » BttF, jw?t
Leptmto, 7M
... . . . . . . . . . . .
147
To V #raoatlu per »tm iner Boston, 1 4 7 ,....
.....................*
B a LXiun.-ki...To l.4vc? pool, per •iconti’ ?* 8®dReiaore, 2,561 —
5,536
Vet! Alt Of*?, 2 ,i * 7 » .„ .
***.*#»
To
per steamer HttiitijO, 4
.... • - 1T 80
in
T o Rcm^rOum. j>**r steamer Ohio, 111.
....
3,950
8 as F masscsbco—TO Japan* per k m o m c Coptic, 3,950 . . . . . . . . .
T o U l.. . . . . . . . . . . . . . ........................................................................ 149.093

The p.irUcuIars of these shipments. arranged in our usual
form, are as follows.
Nether­
lands Spain
Other
h irer- Vailed
Oer- d Bet- and
pooL Kingd France, many. uiiun. Halt/.
100 1,108
725 1.891
Sew York. 6,277 3S8
» , Orleans, 17.620 ......... 18.743 4,475 2,000 1,600
6.871 10,779
tialvestou.. 18.S4E
M obile....... 13.055
Pensacola.
Branewiek
8,007
7,401
Cberleston,
8,752
WUmlngfn
300
K o r fo ik ....
Ration----- 8,745
751
Baltimore.. 5,538
1,081
Tl l

Ban Prats..

T o t a l.... 77,685

1,139 26,339 20,977

2,511 10,112

Mexico,
Y'rm'lh,
Japan,
de.
Total.
3 10,492
......... 44,438
37,495
13,055
830
830
6,707
7,404
8,752
300
9.613
" i l '7
6,727
3,950
3,950
4,930 149,693

Spot.
Market, |
1:45 1*. M. |

Saturday Monday. Tuesday. Wed’day Thursefy. Friday.
Quiet,

MKMJpl'h*.

4

Hales..........
8p»e. & exp.

8.000
1,000

Fair
buyers'
Fair
In buyers'
tmstoesft Infavor.
demand.
favor.
doing.
4

4

futures.
Quiet at
Market, 1 i-lU
m
1:45 r. M.J decline
Market, /
4 p. M. i

[YOU L X IV

4

8,000
500

10,000
500

Easier,

4

10,000
500

3S133

14,000
1,000

10,000
1,000

Quiet at Steady iu Steady at
partially partially
1-01 ad­
1454 dee. i-64 adv.
vance.

Easy at
L'-tM de­
cline.

Quiet at
1-04 de­
cline.

Steady.

Quiet but
steady.

Barely
steady.

Quiet,

Easy.

Steady.

The prices of futures at Liverpool for each day are given
below, Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
OTon. T uck. W ed.
S a tn r,
Jan. 23 fo
Jan. 29. 12*4 1 1:45 4 1:45 4 1:45
P.5L F.M P.M. P.M. P.M. P.M. F. M.
d.

d

d.

d.

d.

a.

a,

F rl.

T h u rs.

1:45 4 1:45 4
P.M. F.M. P.M. F.M

d.

d.

d.

d.

January__ 3 60 3 60 3 60 3 58 3 58 3 60 3 60 3 60 3 59 3 59 3 58 3 57
Jan.-Feb . . .
Feb,-March.
M-h.-April..
April-May..
May-June..
June-July,.
July.-Aug..
Aug.-8ept..
8ept.-Qot...
Oct -N ov...
Nov.-Deo...

3 60 3 59
3 60 3 59
3 60 3 59
3 60 3 60
3 01 3 60
3 61 3 60
3 62 3 61
3 60 3 59
3 53 3 53

3
3
3
3
3
3
3
3
3

59
59
59
00
60
60
61
59
52

3
3
3
3
3
3
3
3
3

38
58
58
59
59
59
59
58
51

3
3
3
3
3
3
3
3
3

59 3
58 3
58 3
59 3
59 3
60 3
60 3
59 3
52:3

59
59
59
60
60
61
61
60
53

3
3
3
3
3
3
3
3
3

59 3 60 3
59 3 60 3
80 3 60 3
60 3 61 3
61 3 61 3
61 3 82 3
62 3 63 3
60 3 61 3
53 3 55 3

59
59
59
60
00
61
61
60
53

3
3
3
3
3
3
3
3
3

59
59
59
60
61
61
62
00
54

3
3
3
3
3
3
3
3
3

58
58
58
59
59
60
60
59
52

3
3
3
3
3
3
3
3
3

57
57
58
59
59
60
60
59
52

B R E A D S T U F F S .

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

F bioay , January 29, 1897.
There has been a very tame and uninteresting market for
wheat flour during the week under review. The volume of
O a Lvbstom - ' I o Llveroool—Jan. 21—Steamer M exican, 8,510 ...J a n . business transacted has been smal1, as buyers have been indif­
2 2 - Steamer W orsley Hall. 7 ,2 0 0 ___Jan, 23—Steamer V ictoria,
ferent in their operations and have taken only such supplies
7 ,3 4 6 ....J a n 27—Steamer Patentiio, 6,878.
as have been needed for immediate consumption. Prices
T o Brem en—Jan. 26—Steamer Darllmrtoo, 7,090.
To HatBbn>g-~Jan, ‘2 3—Steamer Endeavor, 700.
have ruled easy, and for spriag- wheat grades they have de­
N ew O i l e » s s - T o L iverpool.-Jan. 28—Steamer Erntsto, 2,036.......
clined. Rye flour has had a slow sale, but no changes have
Jan. 2e—Steamer Governor, 5.300.
occurred in quoted values. The demand for buckwheat flour
To M anchester-Jan. a -Steam er Ramon de Larrlnaga, 3.500.
To Bremen -J a n . 20-8teainere Alberta, 9,838; Straits o£ M agellan,
has been flit and values have continued to drop. Corn meal
4,74 0.
has sold slowly, but prices have held about steady, To-day
T o Rare- lo n a -J a n . 28—Ship Ma oelln i Jane, 71.
the market for wheat flour was quiet and unchanged.
S n 'i c s s i i -T o L iverpool—Jan. 22—Steamer Maoni igtry, 4,483 npland
acii 3,C068<» Islan d... Jan. 4 9 -S team er Devona, 8,500.
There has been very little spirit to the speculative dealings
To Bremen—Jan. 22—Steamer Purest Holme, 6,5oO
Jan. 28 — in the market for wheat futures, and prices have declined,
Steamer Dunedin, 5,725.
Saturday there was a fractional gain in values in response to
B a o s s w ic a —l o Liverpool—Jan. 22—Steamer 8k Ftlians 6,351.
C b a k i m t o x - I o L iverpool■ Jan. 27—Steamer Annuls, 2,818 unland steadier advices from Liverpool.
Monday, however, the
and 712 Sea Island,
market turned weaker, prices losing
per bushel, and
W it si: m ,To n —To Bremen—Jan. 22—Steamer Oratb irn*. 9,690.
on Tuesday, Wednesday and Thursday the weakness became
N o s m u K -T o L t v .r p ‘>1 Jan. v -j-S eamer M assao-(pit, 3,417.
more pronounced, the decline in pricas for the three days
T o R otterdam -Jan . 26—Steamer Olive Bra: oh. 1,100.
H bw fgbt J t # s - ft, L iv e rp o o l-J a n , «5 -S te a m e r Shenandoah, 701.
amounting to
The principal weakening feature
-J a n , 21—8te«uisr Norseman, 1,134 upland a n i
was general liquidation by tired longs, prompted by
SC2 8ea D la o d ... Jan. 2 2 -S team er U irlnthU. 2 .3 8 1 ___Jau 2 5 favorable prospects for the growing crop: and quiet fo r ­
H , auur Kansas, 1,491 upland and 225 Sea Island.
B a i t i wont - to Liverpool -J a n . 2 5 -S tea m er Roa amore, 5,310.
eign advices. To-day the market was fairly aclive.
To Lot <Hn—J»n. 23—Steamer Mon me. 142.
During early ’Change prices declined shtrply, May selling at
To B o u-rdam—Jan. 22 -fc te ,m cr Prodano, 400.
79%c. under continued liquid r ing sales by tired holders.
■:V_' V.1■■- ! HI i. I I.
To Maneh«-P-r.-Jwn 23—Sieainer Harrow, 575 sea Island
Toward the close, however, there was a sharp rally oa re­
Bar P * -«n cito n -T o Liverpool—Jim.—Ship Pendragon Castle, 10.
ported large purchases by exporters, and on the curb ther ®
To J n p a !,-J »n . 23—Steamer City o f Kio de Janeiro, 4,7o j .
was a further advance in pric.-s. May selling up to 8l}£o. In
Ootton freights the oast week; have been as follow -.
the spot market demand was quiet up to Thursday, when a
fair bu iness was transacted. To-day the market was excep­
Fr,
Satur.
Jfon.
Tuts. Wcdnes. Thurs.
tionally a c’ ive, the purchases by shippers in this market
U r erpooUaakiMi. d.
amounting to 05 i,000 bushel: and at oucporcs they cook 430,■Hi
•’m
ai*2
Hi
%2
332
030 bushels. The sales were principally No. 1 hard Manitoba
and No. 1 Northern for delivery at the opening of navigation.
llA vre....... ........... e.
301
301
301
301
301
301
Prices were private. No. 2 red winter was quoted a '9 ic .
D e ................... c.
....
....
....
f. o. b. afloat; No. 1 hard Duluth at 92c. f. o. b, afloat, and
Bremen.............A .
301
301
301
301
30t
301
No. 1 Northern at 87c. f. o. b, afl iat.
Do
..............d.
..
..

HAtoburg . . . . . . . d.
30f
Do
......... d.
.........e.
30i
B evel, v.
B o y. B a ll*.*d.
B eroelone........... d.
Genoa . .*«*#*»«.*4.
351
TrlM te.................4.
»I*
A n tw erp ............. d ,7IS*-*<!»
O n er.!.: Antw'p.rf. __ » « «

391
....
30!
7aa
*«.

301
....
30!
tftS
31S

301
....
301
ht
he

301
....
301
ha
3 IQ

301
301
~H2
3I8

DAILY CLOSING PKEOES OF
Sal.
,0. 884*
January delivery...........o.
o. 3 ^ 8
March delivery..........
0. 86%
May delivery--------------- o.
July d e liv e r y .................,o.
o. 83

NO. 2 RBD WINTER WHBAT.
Thun
Wed
Mon.
Tues
8 2 7e
8 7S
88
3 i%
S3“g
8 IPs
8 J3®
8 9 ‘4
-27e
83’ a
85^
81%
80
80 ;U
82*3
78 7s

PH.
82%
B 3^
81
78*s

There has continued a quiet market for Indian corn futures,
and during the first half ot the week prices weakened in sympa­
thy with ilie decline in wheat values and a free movement of
the crop. Subsequently, however, the coutinuid activity of the
export demand and heavy clearances from the seaboard offset
» « 4 ___Ha*—
the large crop movement and prices recovered. To-day the
L iv e r p o o l .— B y cable from Liverpool we have the follow in g market advanced slightly on buying by shorts to cover co n ­
tracts, In the spot market shippers have continued active
Eteteronnt o f the w eek’s sale*), stocks. & o „ a t th a t port.
buyers here and at outports, their purohaaes for the week
| ,
j
amounting to about 2,003,000 bushels. To-day an advance in
! Idt%, 8. Jan 15 Jan. 22
prices checked the demand. The sales iuclu led No. 2 mixed
of tbo
39.000
65,000
60,000
64.000 at 29Ji:@30c. delivered and 89J£®3 'T8c. f. o. b. afloat.
Of wWob #Aport«rn look__
WOO
600
1,300
1,700
Of wliloh a t o r s i took,.
DAILY GLOBING t’ BIOBH OF NO. 2 MIXED DORM.
300
5,100
2,000
7,400

■Sftksf’ft ArooHoai*____________...
A $t*m\ # xoott*. . . . . . . . . . . . . ...

351

35!
hi
Hi

51.000
5.000

351
31»
lV,4
'L :

0-i,OOO
0,000

351
he
b84
” 6.

55,000

351
=he
Hi

50.000

6,000
3,000
F©'nr*r*tea
72.000
89,000
60,00(1
Total s’tcKik—E#»llMa.14^1__... 1,071,000 1,147,000 1,195,000 1,2f 0,000
Of wklob Ammimm:-*Bntim’a »t9 ,0 0 0 l 997,000 l,ii4 1,000 1,097,000
O f WmWk A oiorieao.....

149.000
I2 f,0 0 0
376.000
373.000;

170,000
157,000
331,000
320.000

113.000
101.000
320.000
320.000

120,000
l'.>9,000
29 ^,000
290,000

The tone of the Liverpool market for spots and futures each
day of the week ending .Tan. 29 and the daily closing prieis
o f spot ootton, have been as follows.

Sat
January......................
May rtKilvery....... ... . . . . a
July deUvery........... „ . . o .

30
31

Mon.
2* bj
29%
30’ s

Tuts.
28*4
29H
30%

F ed.
28%
29%
30%

Thun
28>e
29%
30%

*»1.
29
31*4
31%

Oats for future delivery have continued quiet and prices
gradually weakened throughout the week in sympathy with
the downward tendency to wheat values. To-day, however,
there was a slight recovery in prices, on a demand from shorts
to cover contracts. In the spot market fair export sales were
made early in the week for through shipment from the W est
as a result of a cut in rail freights, but at the close business-

THE CHRONICLE,

J anuary 30, 1897.J

was quiet. To day the sales included No. 2 mixed at 31 % @
'2l%c. in elevator and No. 2 white at 23J£(§|24c.

248

packages, valued at 8107,840, their destination being to the
points specified in the tables below:

D i t t l 0 LOSING PRICES OP NO. 2 MIXED OATS.

If on.
22
22
22^6
22 78

Bat.
January delivery...........o. 22
February delivery......... o. 22
May delivery....... . ........ o. 22i«
July delivery..................c. 2 3^

lues.
21^8
21H
21^
22 ®8

Wed. Thun.
21
21
21
21
22
22
22\
2278

Fry.
21
21*3
223s
23H

A fairly large export business has been transacted in barley at 34J^c. down to 33%c., c. i. f. for New York. Rye has
been quiet. The following are closing quotations:
flour

fine...............V bbl. $2 00® 2 80 Patent, winter.......... $4 75® 5 00

Superfine___________ 2 2 0 2 3 00 City mills extras....... 4 80® 4 90
Extra, No. 2 ............... 2 70® 3 25 Rye flour, superfine., -o 60 * 3 00
Extra, No. 1................ 3 25 ® 3 60 Buckwheat flo u r..... 1 1 0 ® 1 1 5
Clears....................... 3 7 5 a 4 25 Corn meal—
Western, &o............ 1 75 n > 00
Straights .................... 4 20® 4 50
Brandywine............
* 05
Patent,
spring.........
_______
_________ . 4 40® 470
[Wheat flour in sacks sells at prloes below those for barrels.
0.
0.
84 ® 93
93 @ 95
81 @ 96
9178® 92
19 ® 23
20*3® 30
2 m ® 22 \
23**® 25

Corn, per bush—
0.
0.
West’ n m ixed... . . . 26 ® 30*3
No. 2 mixed.......... 28%® 30
Western yellow ... 28 ® 31k)
Western White___ 28 ® 31*3
Rye~
^ .
40 ® 47
Western, per bush.
State and Jersey.. 40 ® 47
38
® 48
Bariev—Western___
Feeding.................. 333*$ 35

• A g r ic u l t u r a l D e p a r t m e n t R e p o r t o n C r o ps

OF THtfi

Y ear .—The Agricultural Deiartment’s report for January
was issued on January 26 as follows :

1896.
Week. Since Jan, 1*

Great Britain....... ............... .
Other European...................

207
12

Mrloa .....................................
West Indies..................... .
Mexloo...................................
Central America.................
3oath America......................
Ocner Countries....... ............

792
300
71
206
499
35

Total..................................
china, via Vancouver*,..
Total.................................

G R A IN .

Wheat—
Spring, per busk..
Bed winter No. 3 ..
Red w in te r...........
Hard, No. 1------ -Osts—Mixed, per bn.
White......................
No. 2 mixed......... .
No. 2 white....... .

1897.
Week. Since Jan. 1.

Ne w Y ork to Januart 25.

309
500
9,779
4
1,435
973
1,413
177
652
5,712
268

80
153
3,370
325
500
464
211
33
251
690
49

222
295
9,023
676
500
1,887
1,408
184
790
3,521
258

2,122

21,222
3,050

6,131

18,764
1,000

2,122

24,272

6.131

19,764

From New England mill points direct.

The demand for brown sheetings and drills has again
been dull this week and there are very few instances o f
sellers moving goods in quantity. The tone of the market is
easy and prices irregular. Bleached cottons have shown a
slight increase in sales since last week’s price reductions, but
there has not been the expected expansion in business and the
market is still irregular. Business of fair extent has been done
in wide sheetings in some quarters at low prices. Coarse
colored cottons have ruled inactive and in favor of buy­
ers in all descriptions. Cotton flannels and blankets dull
and featureless.
Kid finished cambrics slow of sale and
irregularly in favor of buyers. Wnice goods sell more readily
on re-order demand. Fancy calicoes have been in steady
request for moderate quantities, as have fine printed special­
ties. Regular prints are dull aud ease to buy. Staple ging­
hams slow and featureless. Dress styles dull. Print cloths
have ruled firm all week in face of a limited demand. Extras
quoted at 2>$c. No decision has yet been arrived at on the
projected short-time movement.
Tne value of the New York exports for the year to date has
been $939,250 in 1897 against $872,701 in 1898.

The estimates by States and Territoties of area, product and value
of the principal cereal crops of the United States for 18 ^6, made by
the Statistician of the Department of Agriculture, are as follows: Corn
area, 81.027.^00 acres; product, *2.283,*75,000 bushels: value. $491.007,Of 0; yield per acre, 28*2 bushels; farm price per bushel, 2l*5e.
Winter-wheat area, 22,794,000; product, 267,934,000; yield per acre,
11 8 bushels. 8pring wheat area, 11,825,000; product, 159.750.OJO
bushels; yield per acre, 13*5 bushels; total wheat area, 34,619,000;
product, 427,684,000 bushels; value.$310,603,000; yield per acre, 12*4
bushels; farm price per bushel, 72 6 cents. Oats area, 27,566.000;
product, 707,346.000 bushels; value, $i 32,485,000; yield per acre,
25 7 bushels; farm price per bushel, 18 7 cents. Rye area, 1,831,000;
product, 24.319,000 bushels; value. $',961,000; yield per acre, 13 3
bushels; farm price per bu-hel. 40-9 c*nts. Barley area. 2.951,000;
product. b9.b95,ooo bushels; value, *22.491,0u0 ; yield per acre.
1896.
1895.
1894.
1897
23-6 bushels; farm price per bushel, 32 3 oe U. Buckwheat area,
S'.otk o f Print OiotM—
Jan. 23
Jan. 25.
Jan. 26. Jan. 27*
755,000; product, l4,< 90,000 bushels; value, $5,522,000; yield per At Provldenoe, 64 squares. 43 J.000
170,000
70,000 162,000
acre. 18*7 bushels; fa*m price per bushel, i9*2 cents. Potatoes area, At Fall River, 64 squares.. 702,000
346,000
11,000 224,000
2,70T,000; product, 25*,235,000 bushels; value, $72,182,000; yield At Fall River, odd s iz e s.... 746,000
90,000
54,000
291,000
per sere, 9 11 bushels; farm price per bushel, 2 v 6 cents. Hay area,
43,260,000; product. 59.2*i2,00«» tons; value, $ 188,146,000; yield per
Total stook (pleoesl___ l ,8 30,000
806,000
171,000 440,000
acre, 1*37 tons; farm price, $6 55 per ton. Tobacco area. 595,000
F o r e ig n D rv G o o d s — There has bean a fair am ount o f
acres; product. 403,004,00 • pounds; value, $14,258,600; yield per
acre, 678 pounds; farm price, 6 cents per pound.
general business in spring lines of dress g io is , silks, ribbons
The Minister to Argentina, Hon. William I. Buchanan, and fancy goods, b u ; it has been sacured tbroug i sm all o r ­
ders, buyers purchasing conservatively. Tlis foreign good s
reports to ihe State Department under date of December 9:
**I have followed the news from the wheat districts very carefully m arket is generally steady.
for the past three months and have traveled through one of the wheat
provinces. These observations lead me to believe that the quantity im p o r t a t io n s a u d W a r e h o u s e W i t h d r a w a l s o f D r y G oods'*
for export will be between 480.000 and 610,000 tons, probably nearer
The importations and warehouse withdrawals of dry good*
the first than the second figure. The amount exported duriug this at this port for the week ending January 28,1897, and since
year has been 564,359 tons.”
January 1, 1897, and for the corresponding periods of last
%W For other tables uauallv given here see page 2 2 1 .

year are as follows:

THE

DRY

N ew Y ork,

GOODS

TRADE.

F riday , P. M ., Jan. 29, 1897.

The market has ruled quiet throughout the week iu all de­
partments. There has been a fair attendance of buyers, but
their demands have been limited as before, in the great ma­
jority of instances to small quantities for immediate delivery.
The continued conservatism of buyers in face of the low level
of prices is a disappointing feature in the situation. Sellers
believed that last week’s reductions in bleached goods would
release a considerable demand for these at least, but
although there has been some increase in sales it has
been of an unimportant character. Stocks in second
bands are reported light in the aggregate, but this
does not disturb buyers in view of the fact that first hand
sellers are carrying abundant supplies of most descriptions of
cotton goods, and there is nothing in sight at the moment to
warrant expectations of any advance in quotations. Under
these conditiors there is an evident determination to let the
manufacturers or their agents hear the burden of carrying
merchandise until it is actually required for distribution to
retailers and others. The woolen goods division shows a
similar disposition op the part of the purchasing trades, a
generally dull market being reported.
W o o le n G oods — The reorder demand for light-weight
woolen suitings and trouserings has been the best feature of
the market during the past week. The orders coming for" ard are not large, but they ate more numerous than usual
for the lime of year, and it looks as though the light-weight
fcusineis would be frclorgid beyond ordinary limits. The
maiki t is film on mebt light-weight fancies, but staple goods
ere generally dull with force irregularity. The heavy-weight
seaeon is giacuaijy getlirg under way eofar as the display of
new lines is eoncerned, but buyers are slow in manifesting
ar y greater ir tere st than before. The price situation is still
indefinite. Overcoatings are selling moderately in heavy­
weight plain goods and but iodifferently ia rough qualities.
Cloakings coniinue inactive.
Fancy dress goods in low and
medium-priced linps are being reordered pretty generally in
small quantities. Flannels and blanket inactiveaud featurelees.
D om estic Co tto n G o o d s —The exports of cotton goods
from this port for the week ending Jan. 25 were 2,122

i

!

h * 4

I St I: B: S
1 §: I: : : i S
S Si I : ! : i 2
0:
B
T3 •
M
CP
to
MW
©
to

M
W M
da —j
10 © J
© ©
M
CP CP

a - mw
tfa ,®
M © tO tO *w5
o o o * -c px

w

g

22

5?

f e f So
o
| S 5 g|ft

g

o
H ®
i .Z
£p g§I
c*

ii

i

•r 6

S ’’
B*

§
*
i

p fs

! 8

S

s
p

003

© to to- j©

CP
C*5X>

M aw

© o
-4 —
©CP

M- —* CP M i©
M » -| ® CP
CP © © © CP

*3

§n
•0

3

•N

R
3
■

g
Ky
! K 5W 10A ®
to ; ©©o©#o
o c* to
05 00
- J M co *a x

sHj *tO
* V.

cpcp

g
Ws
CC

It- CO
© 30

co

U«

MW tow

*s

© rfa © - J CO
a - K J CO da MW
© WMWCOCO

?!IS

t o t o CO
CO
MWa - ® aw CP
co © co © ® 4

-3
00to M©tO>JM « f© c c •© pCOoOip© ©*>3to
©tO
CDCD
as c o
o ik W
-Jd* to®
<100 V
<io» "tO
-J £atftCOCP
© © da © CP
tUCP
M CO © a - C P

g

sM

McoVoo

t o CP W - J OI
© to © © © _

c o o q

e

to ©
® ®
© to
-C P
® -1
-1 ©

10 -O

to to CP®
- 3 m » CP ©
M- t o O d a ©
CP GO ©5 —1 ®
© -I © — ®
l _ CO - 1 — ©

bo I C P'O

M

a -®
CD -1
CD tO

W M to^ b i
t o © CP - J da
—J da © CO ©

P
— ®
© M
© -3
d a© -a

co t o t o ©
CO © © M
© da X ©
—
da ©
OI © CO

©
to
CO
M
rfa

COCO I © C P © T w 'rO

- 3 . © © ® » CP
©
— © tO C P Q

-J r O
t o t o I MWt o 05 CPC©
00 r - • 1 0 * 4 © © C P
© C P | tJ © _m © m

-t o

M©

*aw
CD

05 da I © ® M t O < a

*
83 ro
a 5>
o *•
a ©
CD CP
W®

o 00
a
2 *-*

% r4
3 ao
* ®
* W
« 00
iu
s -®
OS ©

3 Oi

QD-JdA<JO»
co i cobo—bo©

-J to I -J da to -3 CO

COCD*-**MOl
to

QO da
- J 05 -O CP
<1
| © © C PQ ©

-

--

O
-J

© -O
OOrO
da ©
t o JO
10 - 1
-i©
CO©

M aw
t o CP
ro V a © i f a »
CP o c o © —
CO M m- C P ©

*
C.

q

<1to O'MWco 1-*
Tob n CP 05 "fO
C O © d -C P C P

r-COC0©l-*

CDMWHtO
H 0 3 ; CP CO t o CP c o
0 0 ® i CP CO — CC CO
CC © I C» C P Q a o t o

5

CO © CP —J
M --3 -J d a C 5
CD © © rfAQQ

^
la l
I•

t o aW cn #a < 1

1^ 4

to

M©
©*a
<lm
J0
60 05
d- ©
co©

MWaw CO
CO © © •** ©
— C0<1 daNJ
CX) SO © - 3 ©
t o co
©®

-1-1 j © CD© CO ©
© ®
© IO * " - 3 rfa
CO CO I M - © © C P ©

©CO
M M l$a © a
© ® -l ® ©
M © © -^ .

00©
(taCP
to©

© b tb 5 © < j
© — t o - cp
m © co a ©

tO da

-1-1
CO©

MWCO CP CP CO
© © cp
© C P © J O CO

ccco

bob* o © co
© © © to ®

-JH 0D »O

CO ^

©

© © » to — la1
©-J ento^a»j a
<j©TocpTj x
-1 © -1® (P- I. ©Q
<1 rfM © (M3__ I

Br
-la © -IX
© ©
l © JO

-d

I © © © •£ > ©
CD ! CP d a - J CP CP «

©©JPOO©
p-CoV mwo>
©©a-® to
lUjta©-W©
MMtOMW
C O M tO © T w
(fM*OK(©-l»

CO © M © ©

©co© ©bo
CP © da © ©
-JtO© eWaJ

THE CHRONICLE.

244
S tate

a n d

C it y

Centerville, Mich.— Bonds D efeated.—Town Clerk E. L.

D e t a p t m e n t , Clapp reports to the C hronicle that the people of Centerville

TERMS OF SUBSCRIPTION.

T he I nvestors’ S upplement will be furnished
vnthout extra charge to every annusl subscriber of the
Commercial and F in a n c ia l C hronicle.
T he State and City S upplement will also be furoUhtxl without extra charge to every subscriber of the
C hronicle .
T hb Street Railw ay S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle .
T hb Quotation S upplement, issued monthly, will
also be furnished without extra charqe to every sub­
scriber of the C hronicle .
TERMS for the C hronicle with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars i i Europe, which in both
cases Includes postage.________
Terms of Advertising—i Per Inch space.)
O netim e............................ „
One Month
(4 time*)..
Two Months
(8 times)..
(The above terms for one

[Vol. LX1V.

S3 50 ; Tnr Months (13 times)..$25 00
ilO O I S t i onths
(26 times).. 43 00
18 00 I Twelve Months (52 times).. 58 00
month and no ward are for standing cards.

T h e p u rp o s e o f tills S la t e a n d C ily D e p a r t m e n t
U to f imish our subscribers with a weekly addition to and
continuation of the St a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and cirrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C it y S u p p l e m e n t to as near the current date as
possible. Hence every Subscriber will at all times possess a
oomplete and fresh cyclopedia of information respecting
Municipal Debts.

have voted against the proposition to issue bonds for the pur­
chase of water works.
Charleston, S. C.—Bonils Authorized. -J. O. Lea, City
Treasurer, reports to the Chronicle that the city of Charles­
ton has been authorized to issue bonds to refund 6 per cent
bonds of 1898. The new securities will bear interest at a
rate not exceeding 5 per cent.
Chelmsford, Mass.— Xote Issue.—E. I f . Sweetser, Treasur­
er, reporis to the C hronicle that the tovn has authorized
the issuance of notes for $13,000 to pay the cost of an addi­
tion to the school-house. The loan will probably be placed in
Boston at 4 per cent interest. The notes will be payable in
ten years from date of issue at the rate of $1,200 each year.
Cinclnsa 1, O hio—Bond Sale.—On January 33, 1897,
bonds of this cily t i the amount of $13,272 60 were awarded
to Messrs, Irwin, Ellis & Ballman of Cincinnati. Below we
give a li-t of the bids received for the loan :
Irwlo, Ellis A Ballman.........
Western Gentian Bank.........
W. E. Hutton A Co.................
George Ernst is A Co........ .......
S. Kuhn A S o n s ...............
Rudolph Kleybolte A Co.......
German National Bank.........
SensoDgood A Mayer_______
H K. Sunekley A Co.............
Atlas National Bank..............
Citizens' National Bank.......
citizens’ Bank of Harrison.
8. A. Kean................................

,10518
.104-95
.104-90
.104-90
104-89
.104-87
.104-75
.104-72
104 30
104 10
l- 3-04
103-00
.101-50

The securities will be dated Dec. 30, 1896, and will mature
one-tenth yearly from Dec. 30, 1897. Interest at toe rate of 5
per cent will be payable semi-annually at the office of the
City Tr-asurer. Tbe proceeds of this sale will ba applied to
the improvement of Delta Avenue.
Cleveland, Ohio.—Bond Sale.— Proposals will be received
at the office of the City Auditor, Cleveland, Ohio, until 13
o’clock M., Feb. 24, 1897, for the purchase of $350,000 4 per
cent city of Cleveland park coupon b inds, maturing April 1st,
1927. The securities will draw interest from July l, 1896,
payable semi-annually at the American Exchange National
Bank. New York City, where the principal also will be paya­
ble. Etch bid must Pe accpmpanied hy a certified check for
5 per cent of the amount bid for. The denomination of the
bonds is $1,000.
Ooranpolis, Pa.— Bonds Unsold.—W . J. Neison, Chairman

of tbe Finance Committee, reports to the Chronicle that the

$22,000 of water bonds offered by tbe borough on January 25,
B o n d P r o p o s a ls a n d N e g o t ia t io n s .—We have re 1897, have failed to sell, and that they are now open to
oeived through the week the following notices of bonds private contract. The securities will be dated December 1,
recently negotiated and bonds offered and to be offered for 1896, and will mature in thirty years, redeemaOle at tbe
option of the borough after five years from date. Interest
Mde.
at the rate of 4}^ per c-nc will be payable semi-annually.
Augusta, Ga.—Bonds Proposed. —It is reported that refund­ The bonds will be of the denomination of $500.
ing bonds of this city to tbe amount of $62,000 will shortly be
Elsinor, Cal.—Bond Election.— A proposition to issue $20,issued.
000 of water-works bonds will be submitted to a vote of tbe
Barnesville, O.—Bond Safe.— It is reported that $13,936 of citizens of Elsinor on Feb. 4, 1897. The bonds, if authorized,
bonds of this place have been sold at 107 917. The securities will be serial bonds of tbe denomination of $500 and dated
bear interest at the rale of 6 per cent and mature in from 1 July 1, 1897. Interest at the rate of 6 per cent will be pay­
to 15 years from date of issue.
able spini-annually on the first days of January and July at
Bradford, Pa.—Bond Offering. —Proposals will be received 1 he office of the City Treasurer, and the principal will mature
at. the rate of $500 yearly. Principal and interest will be pay­
until 5 o'clock p, m. March 1, 1897, by George C Fagnan, able in gold. A special assessment will be levied each year
Mayor, for the purchase of $23,500 of 4 per cent bonds of the for the payment of the securities.
city of Bradford. Inti rest on the securities will be payable
Far Kockaway, N. V.—Bond Sale.—The $85,000 of street
semi-annually and $2,500 of the principal will mature in improvemmt bonds offered by tnis village on January 25,
1®07, $10,000 in 1917 and the remaining $10,000 in 1927. A 1897, have been awarded to B.-rtron & Storrs, of New York,
oertified check for the sum of $500 must accompany each bid. at 111 25. A list of the bidders is as follows: Bertron & Storrs,
D. A. Moran & Co., C. H. White & Co., W . Stanton & Co.,
2 he official notice o f this bond offering will be found else­ E. C. Stan wood & Co., Leland, Towle & Co., New York
where in this Department.
Mortgage & Trust Co.
The bonds will Oe of the denomination of $1,000 and datel
Buffalo, N. Y, -B o n d Offering —Proposals will be received
January 1, 1897. Interest at the rate of 5 per cent will be
until 13 o'clock noon February 5, 1897, by City Comptroller
Krasins A. Knight for the purchase of $500,000 of registered payable semi-annually, and tbe principil will mature at the
consolidated loan t onds, to be dated January 1,1897, and ma­ rate of $1,000 yearly on January 25 for twentv-four years
ture at the rate of $35,000 yearly, beginning January 1, 1898. from date of issue and $61,000 on January 25, 1922.
The Comptroller will also receive bids on the same date
Flushing, N. Y.—Bond Sale.— On January 26, 1897, street
and at the same lime for the purchase of $55,000 of registered improvement bonds of this village to the amount of $120,000
park loan bonds, to be dated January 1, 1897, and mature at were awarded to the New York Securi-y & Trust Company.
the rate of $2,750 each year, commencing January 1, 1898. A list of the bids received follows :
Premium.
Both loans will bear interest at the rate of 3}£ per cent, pay­
able semi-annually on the first days of January and July at New York Security A Trust Co..........................................................$656 25
Daniel A. Morau A Co .......................... ...................... ..................... 6 00 0 0
the office of the Comptroller, or at the Gallatin National Walter Stunton A O o .............. ................. ............................ . . . . . . . 4 80 0 0
Bank, New 5 ork City, The 1K i n d s will be ready for delivery Dietz. Denison A Prior........................................................................ 240 00
........................................... ....................... 216 50
on or before February 10, 1897. Bach proposal must be Lelamt, Towle A Co
M. Hahn .................— .................... .................................. 216 00
accompanied by a certified check for two per cent of tbe George
Renwell A Everttt.........
....................... .......... ................. .
150 00
amount bid for.
People’s Bavligs Bauk (for $2u,000).............................................. 312 00
The bonded debt of the City of Buffalo on the first day of
The securities will be coupon or registered bonds of the
January, 1897, less the amount held in sinking fundp. was denomination of $1,000. Interest at tbe rate of 4 percent will
$12,125,802 18. The assessed valuation of the taxable real be payable semi-annually on April 1 and October 1, and the
eetatw of the cily by tbe rolls of tbe year 1896 is $225,485,795.
principal will mature at tbe rate of $4,000 yearly on October
Camden. N. 3 .—Bond Bale.—It is reported that $75,000 of l fiom 1919 to 1949 inclusive. Principal and interest will be
hondf* an^l $2.5,000 of refunding bonds have been sold to payable in Rold at the Seventh National Bank, New York Ciiy.
E. C. Jonee & Co. of New York at 103. These securities all
Eaten, N. Y.— Bond Sale.—On January 16, 1897, bonds of
bear interest at the rate of 4 per cent. The park bonds ma­ this town to the amount of $6,000 were sold to Chas D. Ely,
ture in 35 years and the refunding bonds in 30 years from of Clyde, N. Y ., at 106-75. Other bids received tor the loan
date of issue. ;
were :

THE CHRONICLE.

J anuary 30, 1807.J

106-75
105-00
10 4-50
101102- 10
102-06
101-99
101-089
101-916
101-78
101-675

Frank J. Webb. Syracuse, X . Y ......................
Daniel A. Moran * Co
...................... .
Street, Wvkes & Co.. New Y o r k .....................
Ben well & Evert tt, Sew York..........................
E, C. Delano, Sodas.............. ......
.......
Isaac W. Sheri 1 * Co . Ponshkeep-ie. N. Y
Bertroo & Srorrs. New York .......... .............
Walter Stanton & Co., New York...................
Edward C. Jones Co.. New Y ork....................
Geo. M Hahn. New Y oT k ----- . . . . ------- -----W. N. Deady, Lyons, N. Y . . . ..........................

245

$50,000 have bsen authorized. The securities will soon be
advertised for sale.
13Lehighton, P a —Bond E lection.—Ii is reported that the
proposition to issue $22,000 of electric-light bonds will soon
be put to a vote of the people of this place.

Madison, Minn.—Bond Election.— Court-house bonds of
this municipality to the amount of $25,000 have been pro­
posed, and an election will be held to determine the question
The securities will be of the denomination of $500. Interest of issuing the same.
at the rate of 6 per cent will be payable annually on April 1,
Middle Loup Valley Irrigation District, Sargent, Neb.—
at the Briggs National Bank, Clyde, N. Y ., and the principal Bonds Unsold. —Charles Nicolai, Secretary, reports that five
will mature at the rate of $1,000 yearly on April 1 from 1899 bids were received on January 19, 1897, when $100,000 of
to 1904, inclusive.
bonds of the above district were offered for sale, but owing
(Jlynn County, He.— Bond Issue —It is reported that this to the small amount bid for, all offers were rejected. The
county will issue bonds to the amount of $60,000 for the pur­ securities will bear 6 par cent interest, payable semi-annually
in January and July, and the principal- will mature part
pose of building a court house.
yearly from 1908 to 1917, inclusive. The issue is for the pur­
Hastings, Neb.— Bonds W ithdraum .—City Clerk E. A. chase of an irrigation plant.
Frances reports to the C h r o n ic l e that the $8,000 o f water­
New York.—Bond Legislation.—The bill introduced at the
works extension bonds offered by the oity of Hastings on
January 25, 1897, will not be issued, as the election authoriz instance of Comptroller Roberts exempting from taxation
ing the bonds has been declared illegal. The securities were all bonds hereafter issued bv the State was passed oy the
to bear 5 per cent interest and mature in twenty years from Senate on Thursday after considerable debate by a vote of 26
to 11. The bill now goes to the Assembly. If the result
date of issue, with option of call after five years.
there is favorable, i: is understood that the Comptroller will
Helena, Mont — Bonds Proposed.—It is reported that bonds re-advertise the $4,000,000 of canal binds for which bids
of this city to the amount of $1,000,000 for the erection of a were reoeived on January 13, 1897.
new Capitol are under consideration.
Omaha, Neb.—Bond Sale.— The $316,000 of renewal bonds
Indianapolis, Ind.—Bond Sale.—On Jan. 25. 1897, the of this city which were not awarded on January 15, 1897,
Board of School Commissioners of this city sold $L80,000 of have been taken by R. Kleybolte & C j. at par and interest.
school bonds to the Merchants’ National Bank of Iudianapolis The securities will bear interest at the rate of 4}^ per cent
at a premium of 5 14 per cent. The issue will b“ in the shape and the principal will mature in ten years from date of issue.
of notes dated Jan. 31, 1897. and payable June 30, 1897. One
Philadelphia, Pa.—Bond Sale.—On Jan. 26, 1897, bids
hundred at d forty thousand dollars of this is-ue will be used
amounting to ovir $11,000,000 were received by the city of
for current expenses and the balance for building purposes.
Philadelphia for $2,400,000 of the subway loan and $2,000,000
Kanbauns, Wig.—Bond Sale.— School bonds of this place of Delaware Avenue bonds. These bonds were advertised to
amounting to $15,000 have recently been sold to N. W . Harris be sold on Jan. 15. but owing to a defect in the ordinance
& Co. at 101'69. The securities bear interest at the rate of 5 authorizing the bonda the bids were not opened until the date
per cent and mature in six and seven years from date of issue. mentioned above. A list of the principal bids received fol­
Knoxville, Tenn.—Bonds
Authorized. — Market house lows. For the subway loan. $2,400,000, Girard Fire & Marine
and school building hoods of Knoxville to the amount of Insurance Company, $50,000 of any series, 4 per cent, 103 50.

NEW

N E W LOANS.

LOANS.

j»rr>,ooo

*

Town of Stamford, Conn.,
Funding 4
DUE

0

0

, 0

0

0

MASSACHUSETTS.

1927.

BO N D CALL.

City of Sioux City, Iowa.
H old ers o f 81oux City Im provem en t B on ds are
hereby requ ested to present fo r paym ent a t the
N orthw estern N ational Bank. Sioux City, Iow a,
w here p aym en t will b e m ade t o h olders (If sen t to
said Bank) in New Y ork or C h icago e xch a n g e, free
o f charge, th e follow in g described bonds;
" A ” 195 to 281, b oth inclusive.
T h ese bonds are dated at variou s dates from June
iflth. 1890, to S eptem ber 3d, 1891, and ore optional
fl ve years from date o f issue. T h e y h a v e been issued
by the City o f S iou x C ity, Iow a f o r grading inter,
sections.
Interest win cease Febru ary 16tb. 1897.

JOHN HII TLB,
City Treasurer.

• 5 OO.

, 0

Commonwealth of

Gold Bonds,

P roposals w ill b e receiv ed by th e S e le ctm e n and
T reasurer o f th e tow n o f S tam ford . Conn . until
n oon . M onday. F ebruary 15tb, 1897, f o r th e purchase
in w h ole o r In part o f 175.000 o f th e bo n d s o f the
tow n o f S tam ford. Conn.
T h e se bonda will be issued to retire an equal
am ou n t o f th e floating d eb t o f the tow n , con tra cted
b y exp en d itu res fo r sch ool h ou ses, bridges and oth er
perm anent im p rovem en ts, and are payable in g o ld
u p on Febru ary 1st. llfcrr. Interest payable in gold
A u g u s t 1st an d Febru ary 1st at office o f Treasurer.
B on d s will be d eliv ered on F ebruary 20th. 1807.
when th e p rice bid must be paid to th e T reasu rer bv
t h e s u ccessfu l bidders.
P rop osa ls snould be sealed and addressed to " T h e
T ow n T reasurer. Stam ford, Conn., am i m arked
“ P rop osals f o r B o n d s ." and m ust b e accom pan ied by
a certified ch eck f o r tw o (2) per ce n t o f th e am ount
T h e rig h t t o reject any o r all bids is reserved.
Sinking fu n d p rovid es f o r paym ent at m aturity.
It la proposed to issue cou p on bonds o f the de n o m ­
in a tion o f $1,000. B on d s m ay lie registered.
T h e bon d s are issu ed un d er Sec. n o . R evised
S tatutes o f th e S tate o f C on n ecticu t, 18 S*, and by
a u th ority o f a tow n m eetin g held Jan u ary 13th. 184)7.
F or fu rth er particulars address
W . D. DA SKA M,
T reasurer, T o w n o f Stam ford.

DEANS

0

INTEREST

TABLES

D. B. E L Y , L aclede B uilding, St. L ouis.

3 X * WATER LOAN.
Sealed proposals fo r th e pu rch ase o f bo n d s o f the
"M e tro p o lita n W ater L o a n " f o r Six M illion D ollars
($6,000,000) w ill be reoeived at this office until 12
o ’c lo ck , n o o n , on M onday, Feb. 8,1897, at w hich tim e
th e y will b e publicly opened and read.
T h is loan w ill b e issued in c o u t o n bonds o f $1,000
each, dated Ju ly 1. 1895, payable July 1, 193$, with
in te re st at th e rate o f th re e and on e h a lf (3ks> per
ce n t per annum , from Jan. 1, 1897, payable sem i­
ann ually o n th e first days o f January and J u ly in
each year, and m ay b e deliv ered as c o u p o n o r regis­
tered b o n d s at th e op tio n o f th e purchaser.
Principal and in terest will b e paid In g o ld co in o f
th e U nited Stages o f A m erica, o r its equ ivalen t, at
tn e office o f th e T reasu rer o f the C om m onw ealth in
B oston .
T h e "M e tro p o lita n W a te r L o a n ” Is authorized
b y C hapter 18 8 o l th e A cts o f 1895.
T h e right is reserved to re je c t any o r all bids.
A ll bids m ust be accom panied by certified ch ecks
f o r 2 per ce n t o f th e am ounts bid fo r .
E. P. S H A W .
T reasu rer and R ece iv e r-G e n e ra l.

Tacoma,

Washington,

WARRANTS.
C o n ce rte d a ctio n is necessary t o u ph old th e valid­
ity o f th ese secu rities. A d d ress
S E Y M O U R BROS. & CO., Bankers,
36 W all Street. N ew Y ork,
or

U NION S A V IN G S B A N K & T R U S T CO.,
T a com a, W ash in gton .

N E W LOANS.
* i i 2

, 5

4 Per Cent Bonds.
S ealed p roposals w ill be re c e iv e d b y th e under­
signed a t th e office o f th e M ayor o f th e C ity o f Brad­
fo r d , R osen b erg A M ichael B lock, u p t o 5 o ’c lo c k
P. M., M arch 1, 1897, f o r sale o f T w e n ty -tw o T h o u
sand F ive H u n d red ($22,500) D ollars o f th e City
B on ds o f th e City o f B ra d fo rd , Pa., au th orized t o b e
issued b y o rd in a n ce N o. 554 o f said city , a n d its
am endm ents.
T h e Bonds a rc $2,50'> f o r te n years, $10,000 f o r
tw en ty years, $10,000 fo r th irty years, k%. In terest
payable sem i annually.
E ach bid roust b e acco m p a n ie d by a certified c h e ck
In the sum o f $500, t o b e fo r fe it e d by th e su cce s s fu
bidder in case b e fa il t o pay o v e r th e am ou n t o f his
bid upon n o tice aw arding sale o f said Bonds t o h im
T h e right to r e je c t an y and all bids is h e re b y re
s e rv e d .
G EO . C. F A G N A N , M ayor.
A . D . S L O A N , C ity C on troller.

* 1 5 0 , 0 0 0

Oily of Montgomery, Ala.,
30-Year 67 Paving Bonds.
Sealed bids will b e re c e iv e d until F eb ru ary 16thf
1897,12 M ., fo r th e purchase o f O ne H u n d re d and
F ifty 1 h ou san d D ollars, City o f M on tgom ery, Ala*,
30-year
B on ds, den o m in a tio n O ne T h o u sa n d D o l­
lars e ach . T h e in te re st is paya ble se m i-an n u ally,
M ay and N ovem ber, at T h e A m e rica n E x ch a n g e
N ational Bank o f N ew Y ork. C ou pons r e ce iv a b le f o r
taxes and licen ses. T h e city reserves th e right t o re­
j e c t an y and all bios.
R . H . 8 0 M M R R V T L L E , T reasurer.

Lackawanna

W est Chicago 8 t. R R . (Tunnel)................ Oh
First Mortgage.

Dntcil Dec. 1, 1S9G.

31 State St.,
BOSTON.

$ 1 0 0 ,0 0 0

Co., Pa.,

4% Tax Free Bonds.
Dae Dec. 1 , 1 9 0 6 .

City o f Scranton is th e C ou n ty Seat.

BY

MASON, LEWIS

0

City of Bradford, Pa,,

C h i c a g o D r a i n a g e ................................................. 4 ^ S
D e n .M o in e s , l a . ( S c h o o l ) .................................
M u s k e g o n , M i c h .................................................. 3 b
S o u ill O m a h a , N e b r a s k a ..................................7 b
A s h la n d , W in ( G o l d ) ..
.................................5 b

FO R SALK

0

CO.,

BANKERS,
1 7 1 Ln S a l l e 8 t „
C H IC AG O .

P R IC E

ON A P P L IC A T IO N .

EDWD. C. JONES CO.,
321 C H E S T N U T S T R E E T .
P H IL A D E L P H IA .

80 B R O A D W A Y ,
N EW YORK.

THE

24 6

CHRONICLE,

Perron ft Co., $10,000 wriwt H , 4 per cent, 104 6 !: $10,000
MiH* J. 4 per rent. 104 -83; #10.000 «*>rie« J, 4 per eenr, 105-09;
#10,0»0 ».rl*« K. 4 per wni. 10,527; $10,000 series L 4pereen',
105-47: #10,0(0 ». ri*-s M. 4 prr cent. 105-67; $10,000 eerieti N,
4 pej- cent. 105-96; #10,000 *rri«t O, 4 per cent, 106-04.
Jfortlirrn S»riait Fund, $40,000 »*rt- s O, 4 our cent. 107 40.
Merchant*' amt S*leein*o»’ A»*oclatior, $15,000 series O , 4
per cent. 105.
J im n
Want. #4.000 aerie* O. 4 per cent. 104.
T. C. TouMain', $3,500 aeries H and I, 4 i>er cent. 102-15, or
#5,50o Mttoa J. K i:nd L. 4 per cent. 103-35, or #3.500 series
M, N and O. 4 prr cent, 1«S 50.
Emory, Freed & C o . #15.000 seriea 0 , 4 per cent. 103-85.
Fulfillv loMiratee & Trust Company, $250,000 series H, S*<
per oint, par 1(0.
Charlfi- E. Bather, $10,000 series N. 3t£ per cent, par 10D.
Drexel dt Co, and Harvey Fisk ft Sons, the entue issue, 8J£
per cent, 104-3799.
Brown Brothers ft Co. and Verroilye & Co.. $300,000 series
H, 314 per cent, 107 $80 ; $300,000 series I, 8V£. 108-220;
#300,M0 serifs J, 3U. 108 910: $30>.000 series K.3>,'. 109;
#300.0(0 series I.. S17, 109-030 ; $300,000 senes M, 8 g . iu9 720;
#800,000 aerie* N, #)$. 110-050 ; #300,000 series O. 3‘ i. HO’410.
Western Sarii-g Fund, $100,000 series li, 3t£ per cent,
101-76 ; $100,000 terns I. 3*£, 1 -1 8 5 ; $100,000 series J, 3% ,
101-94.
II. A. Branligan, $700 aeries O, 8}* per cent. 102-60.
Fer the Delaware Avenue it an, #2,000.000, B-own Brothers
A Oo bid for the entire loan, all or none, at
per cent, at
premium* graduated from 101 760 to 103*060.
Drtxel A Co. bid for the same, all rr none, at 8}£ per cent,
acd 104-3799, the same figures a* for the subway loan.
Frederick Taylor A Co. of Xe w York bid for $500,000 out of
any series of 9 }{ per cent at premiums ranging from 101 200
to 102 170, according to the series from which the award is
made.
The Fidelity Company bid for #100,000, series A, 3!^, at 100
acd interest: $100,000, series B, 3J£, at 100 and interest, and
#50.000. series C, 3K, at 100 and interest.
Tbe Northern Savings Fund bid for $50,000, series A,
per cent, at 100.
Several other b:ds were received for small lots. The bonds

I were awarded to Drexel A Co. and Elarvey Fisk & Sons on
their j not bid of 10* 3799 f jr 3*£ per cent bonds.
A fu>ther description of thest bonds will be found in the

w.

N E W LOANS.

N EW

SALE OF

[VOL. U IV.

Chronicle of January 9, 1397.
Pocahontas, Va.— Bond Offering.— It is reported that
James A. Browning, M-iyor, will receive proposals for the
purchase of bonds of this placs to the annuat of $5,000.
Rensselaer County, N. Y.—Bond News.—The $33,000 of 4
per cent refunding coupon bonds to be issued by Rensselaer
county will be dated February 1,1897; interest will be payable
semi annually, and the principal will mature in nineteen
years from date of issue, at the rate of $2,000 each year. The
denomination of the securities will be $1,000,
The total
bonded debt of tbe county, excluding this issue, is #650,000;
the assessed valuation for 1898 is $71,013,377, and the popula­
tion in 1890 was 124 511.
Rye anil Hurri-ton Joint Uni in Free -chnol District, X .
Y.— Bond Sale.— O j Jamury 10, 1897, Whann & Schlesinger
of New York were awarded $5,500 of 4 per cent 9 19 year
bonds of this district for $5,323 05. Tnree bids were receivai
for the loan.
St Albans, Vt. — Bond Sale.—On Jan. 27, 1997, $36,000 of
refunding cotipm bonds of this village were awarded to the
Peoples Trust Co., of St. Albans, at a premium of $1,033 43.
Nine bids were received. The securities will be dated Feb. 1,
1897 ; interest at the rate of 4 per cent will be payable semi­
annually, and the principal will maitire at the rate of $5,000
annually. The denomination of the bonds will be $1,000.
Wisconsin.—Bond Legislation.— It is reported that the
Legislature of this State will shortly pass an act legalizing
the incorporation of villages which were organized under a
law that was declared unconstituiional by the S ipreme Court
about a year ago. Several of these villages have issued bonds
and the purpose of the proposed aot, it is declared, is to make
these obligations valid.
Wilmington, Del.—Bond Sale —Tbe $176,000 of 4 per cent
refunding bonds offered by this city on Jan. 26. 1897, have
been awarded to the Equitable Guarantee & Trust Company of
Wilmington at a premium of $S,625. O.her bids received "for
tbe loan were as follows.

N E W LOANS.

LOANS.

Investment Bonds

BALTIMORE C ITY

C

H . W H IT E .

F . H . S O U T H W IC K ,

C. H. W H IT E & CO ,

FO R

BANKERS.

3K PerCent Funding 1936 Loan. New York Savings Banks
PropoHki* will b« received until noon, Monday
and Trustees.
February 1.1*97, *t the Mayor'* office, for the pur­
chase, In whole or parte, of H.453.SOO of tbe stock of
the O ff of RalUmore. bearing Interest at the rate of
9H per cent am per annum, payable aoml-annoaliy on
the flrtt day* of January and July In i?ach and every
year. Interest commencing January 1.1807.
Thl* stock u issued by virtue of ordinance No. 112,
approved Julf 2. IBM, authorising the Issue of an
amount of stock not exceeding fl.eoo.ooo for the
purpose of funding tbe floating debt of the City of
Baltlmorr minting December 31,181*3. and Is redeem­
able on tbo tn l day of July, 1 0 3 Tbe city due* not
tax it* slock, but pay* the State tax on this Issue.
Proposals most be sealed and addressed to the
Mayor aa Chairman of tbe Department of Finance
and marked "Ptoposals for Funding
031 Loan.*'
The rhfht I# reserved to reject any and all bids.
ALCAKUS HOOPER, Mayor.
Chairman Finance Commissioners.

LIST S

SENT

UPON

A P P L IC A T IO N

7 2 and 7 4 B ro a d w a y , N ew Y o r k ,
O W N A N D O F F E R , S U B J E C T TO S A L E ,

T r e n to n , N. J.«
2 0 -Y ea r R e g iste re d W a te r 4s.

T r e n t o n , N. J . ,
M E M B E R S O F BO STON A N D N E W Y O R K
STOCK E X C H A N G E S .

10-Y ea r R eg istered Sew er 4s.

R. L. DAY & CO..

3 0 -Y ear R egistered L ibrary 4s.

4 0 W a t e r Street* Bo sto n.
T N ass au S tre et , N e w Y o r k .

14-Y ea r C ou pon Sew er is .

F a ll R i v e r , M ass.,
CointnhuH. O h i o ,
R o c k l a n d C o u n t y . N. Y . ,
0 -1 6 -Y ea r R egistered R e fu n d in g 5s.

PUBLIC SECURITIES
8U IT A B L E

R e n o v a , l*a.,
15-Y e a r C ou pon R e fu n d in g 4^ s

Prices and Particulars on Application.

FO R

SAVINGS BANK AND TR U ST
FUNDS.

________ C om plete L is t o f O fferings M ailed.

W . N . Coler & Co.,

CITY OF PITTSBURG, PA., LISTS MAILED OaN APPLICATION.
4 PER CENT BONDS.

Farson, Leach & Co., M U N IC IP A L BONDS.
CH ICA G O ,
NEW Y O R K ,

W ATER,

PARK,

113 Dearborn 81.

BRIDGE.
DTE FKOV1
e it h e r

(HOI

r e g iste r e d

TO 1 9 2 8 ,
ok

coupon

.

Price and Particular* on Application.

JAMES CAROTHERS,
306 Fourth Avontw,
_________PITTSBURG. I*A.

2 W n li St.

34 NASSAU STREET
GOVERNMENT and
MUNICIPAL BONDS.
MUNICIPAL BONDS E. C. STANWOOD & Co.,
Bought and Sold.

BANKERS,

N. W. HARRIS & CO.,

121 Devonshire Street.
BOSTON.

B A N K E K 8,

INVESTMENTS

L I S T S SE N T UPON A P P 1 .IC A T IO N .

CHICAGO.

roit

15 W A I .I , 8T H F K T .

New York Savings Banks.
City of Cambridge, Mint*.,
.
Cltjr of ( lot eland, Ohio,
• .

i*
4«

BOSTON.
-

NEW Y O R K .

SAFE INVESTMENTS.
SEND F O R

L IST

A full description of either of these issues, with
price*, will be mailed on application.

City and County Bonds.

E. H. ROLLINS & SONS,

D I E T Z , D E N IS O N & PRIOR,

19 X l t i K ST R EE T .
BOSTON............................................. M ASS.

BANKERS.

33 CONGRESS 8 T R E E T , - B 0 8 T 0 N .
109 Superior Street, Cleveland, O.

C. H . Van Buren & C o.,
B A N K E R S AND B R O K E R S ,

02 B R O A D W A Y , N E W YORK.
STOCKS. BO N DS A N D H IG H -G R A D E
IN V E S T M E N T SE C U RIT-kW .
Circular L e tte r. Including list o f selected B on ds.
Mailed Free.

J. G. Zachry, B O N D S,
35 W A L L

STREET. NEW Y O R K .

Bond* B ou gh t A n d Sold On Com m ission.
iiailroad. M unicipal A n d T ra ctio n Securities D ea’ t Iu

THE CHRONLCLE

J anuary 30, 1897,]

247

Premium.
Albany County, Wyo.—The following statement has been
8oott & Co , Wilmington.................................................................$5,390 88
J. K. Moore & Co.. Wilmington.......................... ........................ 5,281 00 corrected to January 1, 1897, by means of a special report to
Seourity Trust & Safe Deposit Co., Wilmington................. .
4,892 80
8treet. Wykes&Co , New Y o r k . ............................... ............... 4,540 80 the Chronicle .
Dick Bros. & Co.. Philadelphia..................................................... 4,113 00
County seat is Laramie City,
Ben well & Everitt, New York.....................................................
3,407 36
LOANS—
When Due. Total debt........................... $148,000
Heyl & Major, Philadelphia................................ .......................... 2,340 SO
F unding B onds—
The Lamprecht Bros. Co.. Cleveland........................................... 2,268 00
School debt (additional).
23,000
E. B. Underhill, Jr., New York .............. . . . .............................. 2 ,2 i0 44 6s, J&J, $ 1 4 2 ,0 0 0 ...Nov. 16, 1901 Tax valuation 1896.........3,606,904
(part yearly) to Nov. 16.1910 Assessment about te aotual value.
Glendenning & Co., Philadelphia................................................ 2,060 40
Farson. Leach & Co.. Chicago ....................................................... 2,041 60 Interest pavable in New York.
Total tax (per $1,000)........$27-375
H. L. Evans & Co., Wilmington....... .............................................. 1,760 00 Bonded debt Jan. 1,’9 7 ...$142,000 Population in 1890 was........ 8,865
Sailer <fe Stevenson. Philadelphia ...... ...................................... . 1,002 50 Floating debt.....................
6,000 Population in 1894 (est)....... 9,000
R. R. Robinson & Co., Wilmington (for $35b )...........................
96 2 ^
R, R. Robinson & Co. (for *2,'JOO).....................................................
7000 T A X FREE.—All bonds issued by this county are exempt from
R. R. Robinson & Co. (for $28,800)..................................................
576 00 taxation.
R. R. Robinson <S Co. (for $19,200)...............................................
par

The securities will be of Ihe denomination of §50 or any
multiple of this sum; interest will be payable semi-annually
on the first day of April and October, and the principal will
mature es foil >ws: On April 1. 1910, $3,700; October 1, 1910.
$56,550; April 1, 1911, $27,400; October 1, 1911, $28,200; April
1, 1912, §29,050; October 1, 1913, $29,950; April 1, 1913, $30,800: October 1, 1913, $350.
Worcester, Mass.— Bond Sale.— Binds of tins city to the
amount of $125,000 have recently been sold at 105'50. The
securities bear interest at the rate of 5 per cent and ma ture
in ten jears frcm dale of issue.
Yonkers, ' . Y — Bond Sale — Oa Jan. 26, 1897, assessment
and rtdemption bonrstf the City of Yonkers were awarded
to the Yrockers Sawings Bank as follows :

Atchison is in Atchison County.
Board
LOANS.—
When Due.

R ecuvding B onds—
7s, J&J, $ 1 9 2 ,4 5 0 ....July 1, 189S
4s, J&J, 266,950 . . . Julv 1, 1913
4s. J&J, 1 3 5 .4 0 0 ....July 1, 1915
4s. J&J,
49.150 . . . July 1, 1919
U nrefunded Bonds—
10s........... ,$ 6 5 0 ..................................

of E ducation B onds—
Building Loans— .
6s, M&S, $10,000....... Sept. 1,1909
6s, A,tO,
5,000....... April 1, 1910
6s, J&.T, 45.000...... July 1, 1913
6s, J&J,
5,000......July 1 ,1 9 1 6
R efunding B onds—
4s, J&J, $40.000....... July 1 ,19 2 3

INTEREST is payable in New York City and Atchison.
T O T A L DEBT, ETC.—The total bonded debt at the date of our
last returns was $684,600. The Board of Education bonds are not in­
cluded in the city debt.

The securities will bear interest

ASSESSED VALUATION.—Iu 1896 the assessed valuation (which
is about *4 of the actual value) of real estate was $1,691,640; personal
property, $488,300; railroads, $112,170, making a total valuation of
$2,292,110. The tux^rate (per $1,000) was as follows: State tax, $4-70;
county tax, $18-00; city tax, $28-00, and school tax, $14-50; total for
1896, $65-20. In 1892 tile assessed valuation of real estate was
$1,820,530; personal property, $463,540; railroads, $109,780; total,
$2,393,850; total tax (per $1,000,) $59 00.

at ihe rate of 4 p»r cent per annum.

S T A T E AND C IT Y D E B T CH A N G ES.
We subjoin reports as to municipal debts received since

the last publication of our State and City Supplement .
Some of these reports are wholly new and others oover items
of information additional to those given in the Supplement
nd of interest to investors.

N E W LOANS.

POPULATION.—The population iu 1890 was 1 3,903; in 1880
was 15,105; in 1870 it was 7,054; iu 1897 it was 15,501.

FIN ANC IA L.

N E W LOANS.
____ ___

-—

CITY OF

NEW

Clerk.

Redemption Bonds.
$50,000, due 1900, at.......... 10143

Assessment Bonds.
$49,00e, cue 1898, at.
...1 0 0 -5 0
66,000, due 1899, a t..........IOU'97

Twelve bids wpre r<-ceivfd.

Atchison, Kan.—B. P. Waggoner, Mayor. The following
statement has been corrected to January 1, 1897, by means of
a special repot to the Chronicle from A, C. Truebiood, Cily

—

------------ r J M

r -----------------—

CHARLES A. MXCY. JR., FRANCIS H . M A O Y, J R .
Member N. Y. Stock Ex. w illiam H erbert ,

8 2 7 7 ,0 0 0 .

YORK

Si GOLD FUNDING

3% PER CENT

G O L D B O NDS
DUB NOVEMBER 1st. 1916.
INTEREST E*AYABLK JAN. 1st AND JULY 1st,
Executors, Administrators, Guardians and ot hers
holding trust funds are authorized by an act of the
New York Legislature passed March 14,1889, to In­
vest in these bonds.
PRICE AND PARTICULARS ON APPLICATION

Rudolph Kleybolte & Co.
BANKER*
CINCINN ATI, O.
4 1 and 13 W a l l Street* N e w Y o r k .

BONDS

Macy Brothers & Herbert,

OF THE

B A N K E R S AND B R O K E R S,

Territory of Arizona,

No. i i Pine Street. New York.

(REGISTERED OR COUPON.)

Simon Borg & Co.,

D a ted J a n . 13. 1 S 9 6 .

Due J an . 15. 1910.

BANKERS,

(Option o f payment after 20 years.)

DENOMINATION

-

No. 20 Nassau Street, New York.

$1,000.

Intercut p a y a b le J a n . a n d J uly 1 5.

INVESTMENT SECURITIES.

Principal and Coupons payable at the

Taintor

W HANN& SCHLESINGER Guumnty Trast Company of New York.
For prices and particulars address

MUNICIPAL

A. C. FROST & CO.,
10S

LA

SALLE

STREET,

C H IC A G O .

BONDS.
Blodget, Merritt & Co.,
i* W A L L STREET,

M

ills

&

NEW Y O R K .

B l an c h ar d ,

BANKERS.

M U N IC IP A L BONDS
BOUGHT AND SOLD.
D ev onshire

16 S ta te

S tr e e t,

B o sto n ,

NO. 11 WALL STREET, NEW YORK.
(Members New York Stock Exchange.)
Stocks and Bonds bought and Sold on commission
for Cash or on Margin.
I N V E S T M E N T SECURITIES.
WM. M. HARRIMAN, M e m b e r N. Y. Stook Exchange
OLFTXB HARRIMAN, JR. NICHOLA8 FISH, Special

Harriman & Co.,

16 Congress Street, Boston.

EQUITABLE BUILDING* NEW Y O R K

STATE CITY & RAILROAD BONDS,

Transaet a General Banking and Stock Exchange
Business.

BANKERS AND BROKERS.

R. T . Wilson & Co.,

pXiscjellawccus,

BANKERS AND COMMISSION MERCHANT
33

W a ll

S treet.

N ew

Y ork

ITIass.

M O R T G A G E LOANS

BANKERS,

IN

TEXAS.
I n t e r e s t 7 P e r C e n t N e t.

NO COMMISSIONS charged borrower or lender
until loans have proven good

FRANCIS STIITII At. CO.,
HAN A N T O N I O , T E X A S .

Holt,

BANKERS,

SECURE BANK VAULTS.

Building,

&

BANKERS,

IS

Q E ^ U i NE

WELDED CHROME STEEL AND IRON
Round and Flat Bars and 5-ply Plat es and Angle
FOR SAFES, VAULTS, AC.
Cannot be Sawed. Cut or Drilled, and positively
Burglar Proof.
CHROME

STEEL

W ORKS,

Kent Ave.. Kea p& Hooper Sts.
Sole Man’f era in the U. 8. B R O O K L Y N , N. ? .

W ALL

STREET,

NEW

YORK.

Established 1 8 6 3 .
MEMBERS OF NEW YORK STOCK EXCHANGE
Allow interest n deposits subject to sight check.
Buy and Bell on commission stocks and boud. miner
for cash or on margin, and deal In

In vestm en t S ecu rities.
A . M. Kid d e r ,
H . J . MORSE.

C h a s . I ). M a r v i n
W . M . K ID D E R .

THK CBKOMOLP,

24 S

f ✓ o u L X IV ,

INDEX TO STATE AND CITY DfcfABTMENT.
In Use U>B o w ie s in d e x rv;
nf voln m
Vafettjiwd in 11lie

nu

orr #***( »

jiStell*-BhmI
!fne 87.4Y* *MO C
#31.

Mtom
:

Aikm

Aefen
t ttt
BtoCM
■Hie®
ItafcMi
H '* . « S-tJb*r«fcf L*s
&am$ .{sap h u m . «*..
«w#t* o » , T e x , .
Bmm
) it <&«*», Mas*
art. e m a i l i H . •
»rv otlyo* s V .....
Hm lytltetiis, R l .
urn
t% -.

.

!>»'

117 t

em

&
140

ik

147
‘200

50
V aahua, N. 11..............
> atlck. Mass..............
51
Nebr iska City, Neb....
*20*2
New Bedford, Mass ... * .172
New Brituln. ( onn.........*U72
nowburg, N. V..............
51
New 1Inven, Conn... .51.
05
New London, Conn, — * 1 1 7 3
New <-rleaus. L a............ *1172
Newton. Mass.. ..............*1172
Newtown Union Free
Sob. Bis No. 14 (L. I.L
N, Y ......................
51
New York..
.......... 51,
14"
Ne'v York City. N. Y —
147
Northampton, Mass,. ..
20*.i
Norwood, O...................
61

P

r t a f c M ! Co*. Ky.
v *xntoa, o w e .. Oe»t err si?e, M*i h
ffilHM'#?* Co.-, xf4 ,,
ChaHcdte.. B le b ,.

OsM k.to N. 0.

...

Cuteais * £*mt*ry i
III..
..... tin.
Chippewa CV.. W Is,.
aocioiw ti, Q ........... .
Clsibom# Co.. Mis*,.....
Ca*ffc*snrttl*. Tern*.
C M M im lO ,
.49,91
Cohere Hill. O
«A
CVBonuSo springs. Col
Columbu*. Ga
......
Gensofmlls. Fa,
- •- 91.
Cftpnlft Cr.#cfc. 01*.. C**l.
Ojmhwartitfiia, Si*\.....
YYan&arir, Conn,.,
©fiance. O- . ------- -

M IS C E LLA N E O U S .

MISCELLANEOUS.
tmmm Btstane© Teiephone,
,rtH Ctm TLANor, •

Cable Address
•livmntATioN, N. Y.

H a i g h t 8c. Freese
Bankers & Commission Stock Brokers,
33 B R O A D W A Y , XKW Y O R K .
S3 s t a t e STKEET, BOSTON.

STOCKS.

Hudson, Musa . . . . . . . . .
Hum*vlU«\ Ala... ......

8i, Joseph, Mo...............
8t. Joseph Sell. Dist.,Mo,
St, Lawrence Co., N. Y..
Sandusky. O, ,..* 1 1 7 4,
98
: JL
800
I litnol*........ ......... ...
l
udhumpolis,
1
mi.......
147
San Jose. Cal..
... .97, 148
■ UM
m
nm .
.........
~0d
Sargent, N eb,................
148
I4« Iowa.
atii. Minn* >.
Saunders Go.. Neb. .....
200
;
*1171 ; I pswieb, M a a s . *1 i #9
ikint, n * V.
Scarsdale, N. Y ..............
52
i
iW
mmtm Fa .
Seheneetudy, N. Y .......
2u0
St |
I nmaicn, N. Y.
05
. 147, 2 0 0
i$)H
Shnrpsburg, Pa...... ..... *1172
ltd »* nil ustown, N.
set n ■eland,
Sidney, la..... ..............
200
! L •rpoot. o ....... n i 7 i Jom - Co., i‘ex.............. 202
......
117
Sioux City, la .................
800
Ki Fa t> c rauty, T e x ,. ,, 1 0 0 Junsritft. Pa.
Springfield, Maas.,
04
r. C ol..
........
f» i
l/nnsua City. Mo ........ ‘2 0 3
Ildo
Irrigation
* 1 i 73.148,
200
49
Stamford, Conn.............. 2 0 1
140 «Vaw Twp,. Mo.. ....... ‘2 0 3
Bis' Jet. Cal . .... .. ...
109
U7
■tvearney Twp, N.J.......
Stark Co., o .................. *1 1 7 5
ft i L*all River. Mass. ....01..
Stoneham M ass...,.__ *1178
..........*1 1 7 4
140 Kent Co.. Bet.,
n «n
...
5u
SuBun, Cal....................
148
I ad* Co., T«x
*1 17 4 Kingston, n. C.
2 0 Sullivan, 111,......
97
*2n*2 Paxgu. No Dak,
147 O akland, Cal.. . . 1 5 0 ,
40 KnuxvlIJc. Tenn. .. ...
maha, Neb....... *0n
i *?» Far lloekaway, N. V..
Sullivan Co., m i ....... ..
68
147
40
147 On emit a, N. V ........ ....
-117'. 40. 117,h l i f t L aredo. Tex ...... ....
140 Fayette Co., r e x ..........
.. *117 5 rPbreeOaks, M ich ...... *1178
aureus, S. C .............
50 Orange, N. Y .......
07
4-* Kl«*»tS<T. A .T ___ ....... .
147 Lawrence On., O. ........ 1 4 0
X renton, N. J ............* 1 1 7
axton Irrbr. Bis., Neb. 200
*1171 Florence. Col.......
147 Lee Co., Ala.
..... *1178
..
147 L] later Co,. N. Y.......... £01
1*4 Fort Collins School Bis erth Am b o ., N. J .
Lima, o ............... ..... .
200
2
‘
0
0
Phelps,
N
\.......
51,148,
...
200
»47 LiHtestowu, Pa
>xbridge, MttLS.... ..
148
trice, Col
14 Franklin Fulls, N. H......
148
147 Long Branch. N. .T, — , *1,72 Philadelphia. Pa.. . tS,
5*4
00 Y e rn o n Co., Mo.......... ‘2012
! Ia>s Angeles Co., Cal. ...
60 Pima i o.„ ArB.,............
im i *ttfen N. Y .. .............,
200
5.5 I^ouisvHle, Ky
..........
95 Plainfield, N. J ..............
51
if-i * F tllla C o .o
. .
50 Pleasant Ridge. 0 ..... .
1 9 9 |Lynebburg, Va
- ...
Pocahontas, \a .............
199 Galveston, Tex ...
H8 \\ aeo, T ex.................
4*
52
..
14* Gltlelt School Diet, Col.
90
199 M acon. Ga— ...........
147 Pomeroy. O ...........
ashington, Pa.........
201
144 Giorersvitle. N Y ...
Port-Gibson,
Miss.
.....
c Keesport, Pa — .*1 1 7 3
1V*0
Otl Water bury. Conn......52,
07
5b Media, o ......................... 1 * 0 Port Huron, Mioh......... *1172 Waukesha, Wis............
U7
Gothenburg, Neb.... —
m * Greenwood, M iss.......
00 Webb, N. Y... ..............
147 Proctor. V t ....... ...........
100 Meiiasha, Wis................
201
4«
118 Webster Grove. M o.....
Pueblo Co., Col..............
Middle Loup Valley Irri97
01
g a t. Bis., Sargent. Neb.
05
Westborougn, M ass,....
148
amilton Co..o
11 73
U» H arrletstown 11n. Free
148 Westport M o ....,.......
Middlesex Co., N. J .......
117 R ankin, Pa.
148
109
aysnoud,
n
’ '■
M iss........
148 Whitman, Mass............ *1 1 7 4
147
School Bis No. t.N. V
109 Mid diet own, N. Y — ....
liu Harrisburg, Pa. -............
vO WJIkes Barre Pa.......
200 j Re o. Nev......................
95 M itchell. S. D ..............
62
u « Harrison o.. T ex........ 1 4 0 Moline, ill....... ..............
148 Wilkinsburg, Pa. .......
95 Rensselaer Co , N. Y __
201
1*8 H actings. Neb................
172,
5 2 Williamsuort School Dis­
Monroe. N. C..................
347 |Rom*. N. Y
147
4i# Hcaldsburg.C&l
..
200
......
147 Montgomery, Ala
trict. Pa..: ....... *1172, 1 4 8
H « Herkimer O ,. S, V ..
2no Wilmington. D el.. . . . __
95 Montour Co., F a .......... 13 0 1 Q t, Albans. V t........ ...
201
lid Hillsborough B'dge Fire
i u t. Albans, W. Va.. . . 200 Wise Co., Va..........
Morgantown, W. Va*
62
m
f St Albans Academy &
District. N.
17 i,
50
Woreester, Mass__ ____
52
Graded School i*isHoboken, N .J.,, . ...
2’iO Mt. Pleasant, v . Y. .. ’ 200
93 V onkers, N. Y ,............
*1171,
50 Mt. Vernon, N. Y..50, 95, 117 ! trict. V t . .......... * 1172,
202
173 Holyoke. Mass.
147 I St. Croix Co.. W is..........
200
I oungstown, O .. . . . . .
97
247 Muskegon, Mich ... ....
14 H oaard Co., Mo.............

N«
*G7is 49,
n
..............
m
4t .
tn
Halford
A rite*mm S*mIt
*m i
Jyettfe

ASSSS#

c« I" matt'-’ fry
payt number to every item regarding State, city, town o r county finances which has b een
h.' fHh-.MCM Tor index to Items In Volume 63, secC hronicle of Decoiuber 26, 1896, page 1175. Items
\n th*
Pull* face types refer to latest reports of total debt, assessed valuation, &o. This in d e x w ill b e
r of the CtiftoMctB on the last Saturday of each month. Items marked * will be found in,

ISO Nl»S A \ I ) G i l A I X

Bought and Fold at 1-3fl Commission.

Special attention given t© oilt-of-lowu
a c c o u n ts *
T R A N S A C T A G E N E R A L B A N K IN G
STO CK E X C H A N G E BU SIN ESS.

AND

CRIPPLE CREEK, COLO.,

the loading gold-m ining region in th e U. S., with
nearly 3n0 oaying mines, producing gl.OeO.OOQ i<er
month j population o f town, 20,000; o f district, 40.000,
—is y et in its infancy. T h e big profits come from de­
veloping m ining claim s and advance in values, i
offer undeveloped claim, n ear shipping mines, §!",• 00;
can let and bond at SaOjkL . F ive-sixths o f stock in
company owning 19 acres clioice location, £20 01)0;
can bond at $70,o00. *1,500 buys lease, now work­
ing. h eart o f district, with bona fo r claim at $4O.Obn.
H alf interest in claim * 1 6U0; 0000 proem es patent
and gets one*third interest in another; both fair loca­
tions
P a rtly developed mine, shipping and paying, has
produced $80,000; price $150,co .

S. M. SMITH. P. O. Box 1599.

Room 1, F irst National Bank Building,
Cripple Creek Colo.

25

UPTOWN OFFICE. 1132 BROAoWAY.

Charles F.

Beach,

jr ,

Attorney and Counsellor at Law

and Financial Agent,

#A * <; ront Wi nehester St., London, E.C.
CJllli K M I I W . “ IHSOSCO. LONDON."
t'orrtB pondt iK f iu v lt fd r e u a n lln f the unle
In E urope o f higlt-clnss A m e rica n S ecurl*
tle*t the pin ring « f \nnur* o f H u ll w ay and
M u n icip al liundsj the n e g o tia tio n of a p ­
p rov ed L oan s j and th e tra n sa ctio n ©t
in. L on d on .
Amnvitmm L eg a l

(Cotton Ruck.
j . Spencer Turner,
B0CCB88OB TO

B r in c k e r t in i r , T u r n e r A Co.,

Cents

COTTON CAJtV A
II.TING DU K
C A R OOYEI
RAVENS DUCK, SAIL TW INE. &C„
PO P E "A W N IN G '* 81*RIPE ?,
im iT O o
A Halt tsp p li
tt&ek*

10

■VTK* B U N T ! NO CHI

Wimm md Colors. alw*»

JDanse Street* New York

FINANCIAL REVI EW.
ANNUAL 1897.
A Year Book of Financial Information*
iiSO Pages,

Bound iu Clotli $2,08
To Subscribers of ihe Chronicle, 1.50

L IF E IN S U R A N C E C O ., N E W A R K * N. J .

Stamps.

Crain C# Provision Statistics
ISSUE 1897,
AND

C O M PLE TE D IC T IO N A R Y
OF
C O M M E R C IA L T E R M S .
A B o o k o f 1 0 0 B a y e s W orth S en d in g B o r .

F in an cial P u b lish in g Co m p an y,
234 LA SALLE STREET, CHICAGO.

A M ZI DODD, President.
Assets (Market Values) Jan. 1,1896........$58.200,197
Liabilities (N. J.,N .Y .an d Mass. Standard). 54,187,724Surplus,.............................................................. 4,081.478
POJL1CHE8 ABSOLUT®i V NON-FOHFKITABLB AFTER
SECOND YEAR.
IN c a s e o f l a p s e th e Policy is c o n t in u e d in
fo rce as long as Its value will pay fo r; or if pro
ferred a Gash or Patd-np Policy Value Is allowed.
A fte r th e second year Policies are INCONTESTABLE
and ad restrUUon# as to residence, travel or occupcu
Hon are removed
I lie Company agrees In th e Policy to Loan up t#
the Cash Surrender Value when a satis factory assign­
ment oJ th e Policy Is made as collateral security.
L o s s e s paid im m ediately upon com pletion and ap
proval o f proofs.

W . J. Hayes & Sons,
RLE

B A N K K llS ,

DEALERS IN M U N IC IP A L BONDS,
Btreut Hallway Bonds, am i otiior hluli-irraiie In­
vestm ents,

BOSTON, MASS.,
7 Sxobamro Place.

C lev ela n d , O h io,
3 1 1 -3 1 3 Superior Si.

Oallt Addrat. "K E N N E T H .”

SAIL DUCK
utm m o f

THE

T h e M utual Benefit

IN

M A J m tM ~ n rm ti a n d t. k a i .kh in

COTTON

READY FEB. 15TH

W IL L IA M IS. DANA COOTRANY,
PUBLISH ERS,
76M Pine Street, New York.

INVESTMENT BONDS.
A*rounds of Banks. Bankers and Individuals
received on tavorable terras.
N A T IO N A L B A N K R E F E R E N C E S F U R N ISH E D

W rite n ra tft tor our “ l!FV>PAGE M A N U A L ,1' 11Intlrabed with r.-dlr«a4 maps, givin g com plete toformat>on of «li IiAlLR<*AI» and IN D U S T R IA L
t*r«j«Tu.w, including highest and low est prices for a
m rim a l i«Mo ;o.»yimrs <>«■ Stoess, Bonds. Grain and
CtfUitU. and ala-:) th e Tneth*>d* o f buying and Helling
m mmmiu.

M IS C E LL A N E O U S .

ALSO

SPECIAL FILE COVER FOR THE
SUPPLEMENTS,

Can ho had at olllco for 50 cent* or mailed
for OB cents*
W IL LIA M

Bank and Trust Company Stocks
New York and Brooklyn
BOUGHT AND SOLD.

CLINTON
*

W A l.L

8T„

GILBERT
NEW

YORK.

C OVERS

HOLDING CHRONTCLK A N D A L L S U P P L E ­
M E N TS F O R SIX M ONTH S,

B. DANA

COMPANT,

7HH P in e S tr e e t, N ew Y o r k .

A . Strassburger,
STOCKS & BO X n s B R O K E R ,
SOUTHERN INVESTMENT SECURITIES,!

Montgomery, Ala-