The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F
Q u o ta tio n
S u p p l e m e n t ( mmu^
i
n
a
n
c
i
a
l
S t r e e t R a ilw a y S u p p l e m e n t
i i r c e s t o n s S u p p l e m e n t (quarterly)
S t a t e a n d C i t y S u p p l e m e n t (^Aimuai$
(Ent-are<l aooorcUng to Aot of Congress, in the year 1897, by the William B. Daka Oompaki, in the offloe of the Librarian of Oongreaa,
SATU R D A Y , JULY
V O L . 65.
%
h z
( f a h t o n t t U
N O . 1 ,6 7 4
<T«» endow Jultt 17.
.
C J U a rin * *
P U B L IS H E D
24, 1897.
t
vm ,
W EEKLY.
T e rr a s o f S u b s c r ip t io n — P a y a b le in A d r s n c e :
NswTor*,-..,,,.,, 005 777,1
Philadelphia.....
§8^08^98
F or One Y e » , ......... 9 10 CO0
mutant....... ... 2i.»78,U
0 00
F or S ix M o n t e . . . . . . . . . . . ............. . . . . . . . . — ... * * . . . . . . . . . ,
15,072,1112
Baltimore.........
Earopoata 9iib»orlp'6tett A seS iA lat
IS 0 0
4.077.1%?
B
uffalo....
.......
2.O71,i«80
Enropeaii Subsoil piton Six Moaaas ftnoltt&lag p w ia g e ).
7 00
Washington......
1,015.4 4H
A n n o f t l S a b a e r tp M o a in London (tneMdini? p o sta g e ). . . . M’2 10*.
Eoohe*ter..........
1.000,030
Syreeaie,.........
Six M a s .
do.
do.
do.
10*.
876.003
Scranton—.......
T h e TM rm R Q m * Bto&ttMMJBftZt w ill be IttrrUshscI w ithout emtm charges, Wilmington........
m tjm
Ui&m
to ©y#ry aotuml ftaiKHarter o f t e » 0 } U i M O U t a h # Ft&ttrcjuiL Binghamton---- •
1886.
1395.
524,804.484
s m
teu u
f-018,782
L80S.1U
1894.
418,745.
m ss
f » °
1,100.260
751,8 H
S81.788
w
873.;,..
_____33*. 100
048.868,731 *18,730968
Total Middle.... 713,488,004 634.006.0Si
93,250.056
extra charge to wrery sobaerfber o f tho C hrovicub ,
Boston.... ...... 103.103 7 .
6.558,800
5.518,600
T h e S tkeb T' R a il w a y S u pple he s i will llk o w iso h o fa m ish ed w ith Providence, ...
2.057.1344
Hertford..........
2,349,881
o u t extra charge to every s t t e o r t e r o f the O ffsox ictK .
1.7X7,383
I.
0*5,201
S»w
Berea,
......
1.478,481
The QuotA Troy SiiepLEMB.t«r, i«tte d m o n th ly , w ill also b e fa m lih e d
J,
841,487
Sprtwrceld. .......
w ithout extra charge to every •»itb««t1ber o f the CtiitojncL®.
1,032,8®
L
6U
.38*
W
oreeeter.-.,.....
W lloeaT em holding »lx months’ Issues o r apeeial ffte cover* t a t t o p
Mst.tmI l,302.f60
P.rtlend..........
688.W9
7W»M&
781, ft
piem en to are sold at 50 eeat* e o e h ; postage on the tam e i« IB ©eats.
rail lUver........
0? 1,276
716,0
647.923
657,210
Lowel!............
644,717
T e r n s o f A d v e r t is in g — ( P e r In ch s p a c e ).
583,415
527.U414,145
Sow Bedford.....
ilpispM
116,730,733
-ri
•
'
109.46 7 a m
89.981,3X4
O ne tim e............ ........
$ 3 50 j Three M onth* (13 Urne*)..f25: 00
'Total NewMat..
O aa M onth
(4 tim es).. l l o o i Mix Month*
(:2« «
4 3 00
a t,807.823
79 244.411
T w o Sionthe
(8 “
j . . 18 0 0 I T w elve Month*
i6S “
58 00Chteago...,.........
it.7Sa.W*»
13.251.700
&7,192.921
SS
ClaeUniaU......
5.150.421
6.370 540
(T h e a b o v e te r m s , f o r o n e naotrtii and upw ard are for standing oard*,;
Detroit............
6.038,058
0.628,06*2
4,609.488
C
«Tel»nd..
.......
4.780.30i!
London A g e n ts:
4,089.409
4.499.184
MUweak**.,.......
>353.000
CoInMhe*...........
M * s * r* . E d w a r d s a
w i t h . I D r a p e r * 1 H a r d e n - . E . € . . w t!I t a k e erih
2-178.085
e o r in t t o n e and a d v e r t i s e m e n t * . aatl s u p p l y n m g l e e o f i f e e b l t h e p a p e r Indian*poll*.....
1,252,714]
S I
at 1*. each.
1.038.008
'T - i o d " . . . . ............. .
757,741
715,000
O
read
R
*i>!d»
....
V V I L I . H H B . D A S A C O t l P A H , P .u b tle lte r e ,
853.5401
Iliytoo....... —..
^7»fl8
L
ectagtO
U
.
.........
B l u e S t r e e t , C o r n e r o f i* e a r i S t r e e t ,
majml
IMStasw,,.,,,...,,,.
865.94 i
242,799
eedo.... —
P ost O r r ic c B o x 958,
S K W V o u k . Kaiem
tMeOOO
a W o n .......................
189.Ut
M
itxr City..........
im oi o
210 827
Rockford...........
152 4m l
10I.519
Serlneaeld, Ohio...
2*31,19,'}
147.862
C L E A R IN G H O U S E R E T U R N S .
Canton..............
5,67a.4iH
j 8 124,357.862 i(Sj.057tS44
The following table, made up by telegraph, etc., Indicates Tot. Mid. W«*tlr «8,*5S.3S3 :
11,8*0,002
that the total bank clearing-? of all the clearing hou -.m Sen Vreatfaco,,,,.
900,000
Ii.ioaoot)
K
elf. Leta&tr......
of the United States for the week ending to-day, .July 34, S
port!end....,......
have been $1,083,8*9,791 against f !.<161.597,027 last week and t-» Aneelee.......
Teeejae. ,i,
1912,802,t(W the corresponding week of last year.
fAIMI
s-*su« ............
374,708
spoked*.,—
140200
V
erge............
.
DM M M r>»f>4t.
65 8^2
CLXARtSa*.
Sioar r*l!»...... .
+
6
*4
19,906,770 *
TUbunu ttuItUarapK
Tatel
Peel
da....
1897,
189(3.
PvrCm).
BM2,374
7.875.509
8 187,913
9.371,654
K*o«*« City.... .
Maw York-......
*s:t.a».7di
6^&*«.031
*M**0231 4,074,301
Minneapolis..-. ....
4.800.000
3.265.150
Boeton
.. .......... ........
4,303 581
t
iS «
S'
1
7
*
5
O
m
aha........
68,*11.411
§,6
8
1
,7
7
2
fielbl.993
3.650 001
6.6 U 254
Peal....,----BhUedelphte..................
4-4'4 9t.
48,714.41#
n .m ,m
2,585.010
2.200,53*
Deovec............
+} t t
Baliimot® ..........
595,848
m $m
+ 27*3 Ifereapovt........
wm.im
1#,«17.II2
1,201.2H
M *C ,815
1.3*7.100
1,201.0..
0I.07L61T
- 5# St. do««ph ........
m.
miAW
3
9
5
6
.0
0
0
900.275
1,039.171
r>
«*
M
otce*........
Bt. I^oal* __.........___
+S
30-4
421.741
+ 22*9 sioox City.........
2i,022,337
8
0
3
.5
)0
5
n.
imsm
365, m
862.690 +07
342.849
sy38
Maw Orimm.
..... ...
4,73*9,>33
5,809.747 —19*4 Llneolit.........
—3
3'4
676.512
401,186
289.213
wiohlte............
m\,tn
384,573
I0I .S 0
4*1*9
Omno$WLB,
The Stats ash G irt S u et lb*
BermelUm* 8day* ......
Oter oilim. 54ay»...........
Total all citlaa, § day* ...
All cLtle*. 1day................
Total all oltla# for w«*&
ext
will
*?W,S7A«M
iaa,m.*iu
S0O5r8?0,497
177,473,29-4
tL 0iS,9t8,7»l
*Ua he
funiUhed without
6056.838,484
117,M#.2i8
* 77S.S38.70»
MO.263.dOi
>912,802,103
' +! 7-i
+t# S Hwrtte.... .......
+ 17*8 Tot, other Weifc
-*-26*5 St. Loan.,,,,.....,.
Now
■ rlS 7 LriaSsYiilKj,,,,,,,,,,.
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish theta to-day, hank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be. in all oases estimated, as w#go to press Friday night,
W® present below our usual detailed figures for the pre
vious week, covering the returns for t he period ending with
Saturday noon, July 17, and the results for the corresponding
week in 1896, 1895 and i 134 are also given. Contrasted, with
the preceding week, there is an increase in the aggregate
exchange® of about one-hundred and fttiy-seven million dol
lars, »Dd at New York alone the gam ia nineiy-seven and ahalf millions. In comparison with the week of 1896 the
total for the whole country shows art increase of S'fl per cent.
Compared with the week of 1893 the current returns record
a gain of 7-8 per cent, and the excess over 1894 is 753-3 per
cent, Outside of New York the excess over 1896 is 4-3 per
cent. The increase over 1895 reaches 2-7 per cent, and making
comparison with 1894 the gain ia seen to be 20 6 per cent.
"%'ivwtoa.,,
..... .
nsm .
50,401 ■
30.500.692
-1 -6
47.007
57,398
30,390,022
3.040.0
6.737.2
1-9 >2,
4*3*1
—18*4
24.403,142
0,801,755
04.804 ++1«
70,141
23.751,7^3
6.848.154
e.eoo.aaol
1,586.740
1.895.1*7'
M 11,344
.
$*Mi
MM5
irmxmh,.., . . . . . .
4MDB.789 9500.911
Jchmond,.,.
1.091.76W
l.i7 3 .3 9 i
Moropibl*.
1.052.415
I.
108.538!
AtlAStA,,,...........
98L295
900,000!
J,
03f,813i
mm%
KMhriii*.:"”,;::!,::
p i , 477,
7
81.011
Norfolk..,.........
219.O02
v .' mjo............ ...........
445,875
810,030
F-'.rfc Worth..,,....
515.833:
im .t :
Angwsta..
37*2.060
331.070
Rsrrntnfc'baai,......
389,801
359.27 '
KnoxvIH®..
26-MH?
LHtlo Hock.
IBS,880
Jaoll^Ufte.*., ...
271*715
S I
Oiii|nnote..,.ee..
Total aoathera.. 61.520.395 50,067,245
ToUl all.,..... . 1.085,597,02? 090.844.* 44
Oatalda 'N. York, 459319,287 IlOT$oB ‘
Montraal............ 11.40 5 .tit 10.204.891
0,882,359
Toronto, ...........
! : «
H a lifa x . ...................
} : «
Wlnnlpoe,.,.,......
600,910
flftraflton,..., ......
781.500
800.000
« t..T o b n ........
Total Canada.... 23,591.4 i0 ' rn m tiE l
+1lo3
+10 4
1.007,538
2,138,001
2.400.000
^ III
l,«t06t86B
+S 1
+ i 1*4
i+2‘8
k
4-9-5
+11*8
+200
+1*4
+26*0
B S
•
4fl0e«00
881.8*4
20.020040
19,486.589
8 509,753
0.425.301*
1,7*8 475
1,635,107
1.234,475
2.3«*3.C 73
1,551.398
087,010
878,227
788157
M
450,000
201,871
276,37C
276,170
215.352
172,579
~60J04:829 ’_46j76’099
900,549.553
799.964 918
*47,745,000
881,211*05
11.022,838
12.252.085
5 561.084
3,226,486
800,(00
5,504.970
1,379,346
028,817
0*7,387
— .m rn i
610.921
-w m oia
^
THE CHRONICLE.
128
[V ol, LXV,
more than in either of the last two years—an in
creased activity which to the extent assumed can
Y O R K A N D B R O O K L Y N .
be counted on almost with certainty now. As to
On pages 152 to 155 will be found complete reports the receipts under the new tariff bill, Mr. Dingley
of the condition of all the trust companies in New estimated them this week, when the Conference
York City and Brooklyn on June 30 1897, as com report was up in the House for action, at $225,pared with December 31 1896 and June 30 1896.
000,000 next year and at $185,000,000 this -year.
Those figures and a natural growth in the income
from the postal service, which, with better business,
T H E N E W
T A R IF F B IL L .
is reasonably certain, would seem to ensure a small
We shall publish next week the full official text of
Government surplus in 1897-8. A state of the Treas
the new tariff bill. \\ e have the bill already in type,
ury accounts which afforded an income equal to or
having set it up from the printed report furnished by
larger than the outgoes would undoubtedly be a cir
the Conference Committee for the information of
cumstance favoring the safety of the Government gold
Congressmen. But as it is important to our large cir
reserve. Mr. Dingley thinks the revenue will net a
cle of European readers, for whom we mainly give the
substantial surplus next year.
bill, that the copy we print shall be free from error,
But there are other matters to be taken into the ac
we have concluded to defer publication of it until next
count and added to the foregoing which very material
week, so as to enable comparisons to be made with the
ly fortify the conclusion reached.
These latter are
engrossed bill when it shall have been signed by the
affairs which tend to give the country a large favor
President.
able trade balance this year, an expectation which, if
it proves correct, permits of no interpretation except
T H E F IN A N C IA L S IT U A T IO N .
as meaning that there will be no considerable gold ex
The Tariff Conference Committee reached an agree ports and perhaps a net balance of gold imported the
ment Saturday last. On Monday, the bill in its new current fiscal year. First, there is good reason to sup
shape was reported back to Congress. It passed the pose the imports of merchandise for the remaining
House the same day by a vote of 185 to 118. In the eleven months will be abnormally small. Mr. Dingley,.
Senate there was at first some disposition shown to in his speech already referred to, estimated that the
delay action, and though the information from all duties and taxes paid since tariff legislation began on
sources indicated that the measure would no doubt goods not needed for current consumption had
pass that body, the belief prevailed that the vote on it netted a loss of income to the Treasury under
of
$40,000,000.
Without
was likely to be deferred until next week. Wednes the new tariff bill
day the opposition became less persistent and aggres analyzing that total, it is sufficient to say
sive, but the discussion continued until yesterday, that whatever provision has been made through mer
when an agreement was reached to take a vote chandise imports for the consumption of coming
on the bill at 3 o’clock (Saturday) to-day. mouths, future imports of those goods this year will
General business has shown more signs of im be to the same, extent abnormally small. A second
provement the current week under the beneficial fact is that all classes of foreign goods on which the
influence of an approaching close to the Customs legis duties have been raised will find it more difficult to se
lation and also to the change in the Treasury financial cure a profitable market here, and hence imports of such
tatus which it is expected will follow the tariff enact goods will tend to decrease. This may be less of a
ment.
feature next year if values in the meantime rise in the
This latter feature, a more stable Treasury situa United States; but until business gets much more
tion, is a highly important circumstance. Several active here and prices of manufactured articles ad
facts contribute to strengthen confidence in that assur vance materially, imports by reason of the higher
ance; taken together the facts referred to afford better duties must receive a check. At the same time there
ground for encouragement than some perhaps recog is every encouragement for the supposition that our
nize. The belief they inspire is that the Treasury expoijs of merchandise will he large, and as a conse
gold reserve will be pretty safely guarded during the quence of smaller imports and full exports a large
coming twelve months at least. One ground of reli trade balance will stand guard over our gold reserve.
ance is the expectation that the Government revenue,
Indeed, not only are full exports a reasonable expec
according to the opinion of those best able to judge, tation, but it seems now as if for food products farmers
is likely to be very nearly if not quite large enough to would receive a very satisfactory return. The week’s
meet the disbursements even during the current fiscal crop reports, so far as the Western surplus States are
year and perhaps show a moderate surplus. Of course concerned, continue without change. In .the East too
this is a point that cannot be established so accurately much rain is a complaint this week as it was last
as usual estimates of Government revenue can be, be week, but elsewhere corn and spring wheat are favor
cause the estimate cannot in the present case be so ably situated and large yields are at present the gen
largely based upon known facts; for in figuring out eral outlook. Prices likewise have been rising day by
this year’s prospects, no one can state except approxi day. On reported heavy foreign buying, said to be
mately how far the year’s consumption of dutiable for France and England, wheat for September deliv
goods has already been supplied by imports made in ery sold here on Wednesday at 80£ cents against 624
anticipation of future requirements. Y et there are some cents a year ago. A dispatch on the same day
items that enter into the account about which there from San Francisco stated that two steamships
can be little doubt. One is that internal revenue re were loading there for Bio Janeiro, a vessel was
ceipts will be larger than they were in the last fiscal also loading for Callao and another had been
year. Even had the rates not been changed they chartered to load for Cape Town. These statements,
ought with a moderate increase in business activity if they are all correct, show an unusually wide demand
to have averaged at least a million dollars a month for that cereal, not only in Europe, but elsewhere.
R E P O R T S
O F
T R U S T
C O M P A N IE S
IN
N E W
JCLV 24, 1897.]
THE CHRONICLE.
m
With its customary promptness the American Iro
Moreover the accounts respecting the cotton crop
have indicated a favorable turn ; the condition has & Steel Association has this week furnished a state
apparently become more satisfactory and has been im ment of the production of pig iron in the United
proving through the week. In almost every section States for the first six months of the current calendar
where the plant was during recent weeks suffering year. The statement shows results just about as ex
from dry weather and drought rain has fallen in pected. The make of iron for the six months was
greater or less quantity, except in a portion of Texas. 4,403,476 gross tons. This compares with 4,976,236
Hence at the moment the reports received about all tons in the first half of 1896, but with only 3,646,891
our important products are full of promise, and the tons in the second half of that year. It will be seen
that the output, though reduced, was at the rate
outlook is for large exports.
It is more than ordinarily difficult to interpret cur of nearly 9 million tons a year. This cannot be
rent returns of earnings. The latest figures are for regarded as a small production, as the maxi
the second week of July, and according to our prelim mum output for any period of twelve months
inary tabulation for that week, comprising 68 roads, has been a little over 10 million tons, and this
the result is a small gain—$79,827, or a little over 1J aggregate was reached but once. In view of that fact
per cent.
In the same week last year our com-1 the increase iu|stocks shown possesses much less signifipilation showed $325,818 gain, or 5'43 per cent, j cance than would otherwise be the case. The aggre
the statement
then covering 76 roads.
Hut gate of these stocks on the market (including amounts
while
the showing is thus not unsatisfactory in the warrant yards) is reported at 973,678 tons
as far as the grand totals are concerned, the returns June 30, agaiust 847,680 tons on December 31.
of the separate roads vary widely. Some of the lines With a revival in business these stocks would
report losses this year after losses last year. The be quickly exhausted, and should the coal miners
Wabash is one of this type, and so is the Big Four or strike interfere with the regular output of iron, the
Cleveland Cincinnati Chicago & St. Louis. On the stocks would of course be quickly drawn down any
other hand the grain-carrying roads of the North way. Until the strike is settled, the future must be
west, in many cases after having enlarged their eurn- somewhat uncertain. Of the total of 973,678 tons of
ings in this week last year, have made further addi unsold stocks, we notice that 221 600 tons are held in
tions the present year. We need refer only to such j the yards of the American Pig Iron Storage Warrant
companies us the Canadian Pacific and the Milwaukee Company—some of it no doubt for higher prices.
& St. Paul, the first mentioned reporting #68,000 in
Money on call, representing bankers’ balances, has
crease this year after #66,000 increase last year, and the j loaned generally this week at 1 per cent, with few
Milwaukee & St. Paul $41,564 increase after #52,961 |and unimportant transactions at 1^ per cent, and the
average has been at about 1J per cent. Banks and
increase.
What makes it difficult to interpret the returns of trust companies quote 1 per cent as the minimum and
many roa is is that it is so hard to tell just in what j not much money is loaned by them at this,rate. The
way or to what extent any particular line may be large payments for duties during the first half of the
affected by the existing coal strike. On some systems week—#1,564,448 92 on Monday, #2,209,521 14 on
coal shipments have been very materially reduced, Tuesday and #826,861 42 on Wednesday, together
thus cutting off a large slice of revenues. On other $4,600,831 48— made no impression upon the market
systems the loss from local traffic in this way has for money, the supply being so abundant. Offerings
been offset by increased shipments of coal from of time contracts on good Stock Exchange col
connecting lines.
In still other cases there has lateral are less liberal, many of the banks and other
been no loss at all, bnt a positive gain,' from institutions being indisposed to make engagements
the fact that local mines are at work and which will mature after October; but rates are un
sending ont coal in increased amounts to take advan changed at 2 per cent for sixty to ninety days, 2£ per
tage of the shortage in general supply arising from cent for four, and 3 per cent for five to seven months.
the strike. There is the further doubt whether in The supply of commercial paper is only fair, while the
any given instance manufacturing establishments may demand at any rate below 4 per cent is moderate.
not to some extent have had to shut down because of Some very choice sixty-dav endorsed bills receivable
a lack of fuel, thus diminishing the volume of gen have been sold at 3J per cent, but 34 per cent is re
eral merchandise freight.
The losses in earnings garded as a fair average rate for such paper. Quo
reported by such roads us the Wabash and the tations are 3I@3J per cent for Bixty to ninety
Toledo & Ohio Central we suppose may be di day endorsements, 3J@4 per cent for first class and
rectly attributable to the strike, and generally it 4@4^ per cent for good four to six months single
may be said Unit with the carriers in the Middle and names. Some of the hanks having large correspond
Middle Western States the strike was an unfavorable ence report a more general demand for re-discounts
feature. In the Southwest, where some of the roads this week from the South and West, and some money
have been reporting losses for some time, a change is moving in response thereto, but other banks say
seems now to be in progress under the better grain that their inquiries are small, though the prospects
crops raised in that section the present season; the are good for business very soon. One feature of the
Texas A Pacific, for instance, is now reporting gains week has been the shipment of #4.50,000 gold to Can
each week. In the South, too, the returns are be ada, the rate of 1-10 per #1,000 discount ruling at that
coming quite generally favorable.
We notice, for in point attracting the metal. This makes shipments to
stance, that the Louisville A Nashville, the Georgia Canada within a fortnight about $800,000, nearly all
Railroad and the Southern Railway all report gains of which has been taken from the banks.
The European political situation appears to be clear
for the second wsek, not to apeak of the Norfolk &
It was"announced on Thursday that the Sultan
Western and the Chesapeake & Ohio, which have ing.
doubtless been favorably affected by the strike on had issued an irade-sanctioning the settlement of the
their shipments of coal from the West Virginia mines. frontier question in accordance with the desires o f
THE CHRONICLE.
130
the Powers. This news had a good effect upon the
European security markets on Thursday. The Bank of
England minimum rate of discount remains unchanged
at 2 per cent. The cable reports discounts of sixty
to ninety-day hank bills in London 13-16 of 1 per
cent. The open market rate at Paris is I f per cent
and at Berlin and Frankfort it is 2f per cent. A c
cording to our special cable from London the Bank of
England gained £111,694 bullion during the week
and held £36,842,819 at the close of the week. Our
correspondent further advises us that the gain was
due to the import of £7,000 from Australia and to re
ceipts of £105,000 n e t from the interior of Great
Britain.
The foreign exchange market has been firm this
week, but otherwise without new feature, and until
yesterday nominal rates and those for actual business
were unchanged, the former remaining at 4 87 for
sixty days and 4 88 for sight, where they have stood
since July 13, and the latter at 4 86@4 86£ for long,
4 87@4 87f for short and 4 87f@ 4 87f for cable trans
fers, which figures had ruled since July 8. Yester
day there was an advance, however, of one-quarter
of a cent in the rates for actual business, to 4 86f@
4 86f for long, 4 87f@ 4 874 for short and 4 874®
4 87f for cable transfers. There has been a steady
demand to remit for securities sold for European
account, and also for sugar, coffee and wool and other
imported goods, so that the supply of commercial bills
against grain and provisions and of bankers'bills against
silver has been promptly absorbed. There was some
talk during the week of gold exports, and yesterday
Lazard Freres engaged $800,000 for shipment to-day
and Kidder, Peabody & Company engaged $500,000
for shipment Tuesday. Sales of cotton futures have
been made this week at 4 83f @ 4 84 for September,
4 83 for October and 4 824 for November. The fol
lowing shows the daily posted rates for exchange by
some of the leading drawers.
DAILY POSTED RATES FOR FOREIGN EXCHANGE.
F r i .,
M o n ., T o e s .. VfSL ., T h u r .,
F r i ..
J uly 16. July 19. July 20. July 21. July 22. July 23.
® o w n B ros........{ § » * £ ■ ;
Baring,
5 60 days.
M agoun k C o.. \ S ig h t....
Bank British
5 60 d a y s .
N o. A m e r ic a .. ^ SighL ...
Bank o f
f 60 dayB.
M o n tr e a l.........\ S igh t....
Canadian Bank (6 0 days,
o f C om m erce.. <S ig h t....
H eidelbach, Ick - S60 days
olh eim er k Co. ( Sight___
S M « d F r e r e . . . . J g ? Kdh» ” :
M erch a n ts’ Bk. (6 0 days
o f C anada........ i Sight...
87
88
87
88
87
88
87
88
87
8S
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
8S
87
88
87
88
87
88
’
87
88
87
88
87
88
87
88
87
83
87
88
87
88
87
\ 88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
S7
88
87
88
87
68
87
88
87
88
87
88
88
88
87
68
83
The market closed strong on Friday with the posted
rates at 4 87 for sixty-day and 4 88 for sight. Bates
for actual business were 4 86£@4 864 for long, 4 874®
4 874 for short and 4 8?4@4 87f for cable transfers.
Prime commercial bills were 4 85f@ 4 86 and docu
mentary 4 854@4 854.
Amount of bullion in principal European banks.
July 22,1897.
Bank of
Oold.
| Silver. |
J uly 23, 1898.
Total.
E n g la n d ..........I 36,842,819,
F r a n ce .......... I 80,e67.698 40,036.499
© ertn an y........ | 28,925,000 14,900,000 43.825.000
A uat.-H u n g'y 30,782.000j 12.603,000 4D.39J.000
S p a in ..............
8.949.000 10,970,000 19.919.000
iiiiiua
.,uo» , vuv U,W*V,WV
N eth erla
n d s . a2,632.000
0,940,000 »,0/3,UU0
9,572,000
Nat.Bultliuni. 2,782,00t>! 1,881,00#' *,148.000
Gold.
Silver.
lo ta l.
£
48,250.441
62,102,550
80,108,000
27,339,000
8.408,000
2,634 000
2.629,000
£
£
48 250.443
132 291,509
45,296.000
40,211,000
20.03-5.00C
9,500,000
3,942,0f>C
50.188.959
15,188.000
12.002,000
11.630.000
6,926,000
1.314,00)
201,467,^93 98.148,959 299,616,952
200.518.16? 97,651,797 208 173.200
77 7
05
k
' r 1"
lu e I ,osoiu g resu lts w e e k ly b y c a b le , am i w h ile
D o t all o f th e d a te g iv en at tUo h ea d o f the colu m n , th e y are th e re$ o r a a issu ed n ea rest t o that d a te —th a t is, th e la test r e p o rte d fig u res.
[V ol . L XV .
The following statement gives the week’s movement?
of money to and from the interior by the New York
banns.
W eek E n din g J u ly 23, 1897.
R eceived by Shipped b y
N. Y . Banks. N. Y . Banks.
N et In terio r
M ovem ent.
G o ld ..............................................................
$ 5 ,3 4 4 ,0 0 0
4 11 ,000
$ 1 ,921,000 G a in .$ 3 ,423,000
2 4 0 ,0 0 0 G ain.
1 0 5 ,0 0 0
T o ta l g o ld an d le g a l t e n d e r s ___
$ 5 ,755,000
$ 2 ,1 6 7 ,0 0 0 G a in .$3,588 ,000
With the Sub-Treasury operations and gold exports
the result is as followsW tek E n din g J u ly 23, 1897.
In to
Banks.
B anks’ In te rio r m o v e m e n t,a s a b o v e
S n b -T rea s. o p e r a t’ n s an d g o ld e x p ts.
$ 5 ,755,000
16,800,000
Out o f
B anks.
N et Change in
B ank Holdings.
$2 ,1 8 7 ,0 0 0 G a in .* 3 ,5 88 ,000
1 00 ,000
16,700,000 G ain .
T o ta l g o ld and le g a l t e n d e r s ........ $22 ,555 ,00 0 $18 ,887 ,00 0 G ain $ 3 ,6 8 8 ,0 0 0
T E E F IN A N C IA L C O N D IT IO N A N D
O P IN IO N
OF SOUTH ERN PLAN TERS.
We give place on a subsequent page for a suggestive
letter from a Texas correspondent. As the thoughts
this communication contains spring from the writer’s
surroundings, and as they arc much the same as the
surroundings in other planting sections of the South,
it will be of general interest and well worth while to
look into some of the statements his communication
contains. We have numbered each paragragh of the
letter so that in our remarks we. may he able to refer
to specific parts more readily, and the reader may be
able tlie better to understand the points under discus
sion.
Passing the introductory sentences, the writer
states in the paragraph numbered 1, that he disagrees
with “ Eastern people as to the means of producing
this effect (prosperity), or the means which may give
prosperity to the country generally. From your point
of view this is indicated by increased earnings of rail
roads or other corporate stocks, etc.” The writer
apparently does not quite apprehend, we think, what
really is our “ point of view.” We cite increased rail
road earnings frequently, not as a means of producing
prosperity but as evidence of increasing activity in
business, just as we cite bank clearings for the same
purpose. When remarked upon in that way, enlarged
earnings and bank clearings do not necessarily indicate
that people all over the country are doing a prosperous
business, even though they are everywhere doing a
large business. The South may one year raise a 10
million bale crop of cotton and sell it at so low a price
as not to pay cost of production. In the same year
the West may raise a large crop of wheat, corn, etc.,
and get high prices for its food products. These
conditions would give the country a year of large busi
ness operations, a year in which railroad earnings
would afford evidence of that condition and so would
bank clearings, but at its end Southern planters would
be left poorer and the Western farmer richer.
We do, however, often say that when railroads are
prosperous that fact goes a long way towards inducing
general prosperity. So also a prosperous iron trade is
a large item in leading up to a prosperous business
season. Likewise prosperity among cotton planters is
an important factor in occasioning profitable results
for the whole country. Why are these statements
true ? The general answer is because when any trade
or business is making money, those directly and indi
rectly connected with that trade as wage earners and
as capitalists have more to spend, and consequently
increase their purchases for household requirements,
and hence increase the demand, and so tend to raise
THE CHROMCLE.
J u l y 24 18»7.i
th e p r ic e o f e v e r y th in g th e y co n s u m e .
T h a t b e in g a
fa c t , th e m o re e x te n s iv e th e in d u s try th e g re a te r its
c o n tr ib u tio n in th is w ay to th e g e n e ra l g o o d .
ra ilroa d s are th e
The
la rgest e m p lo y e r o f la b o r a n d th e
la r g e s t d isb u rse r o f ca sh fo r su p p lie s a n d n ew w ork ,
and th e la rg est d is tr ib u te r o f in te re st a n d d iv id e n d s
to in v estors in th e c o u n t r y .
H e n c e w h en th e p e o p le
let ra ilroa d s p ro s p e r, ra ilroa d s pay th e m
fo ld .
b a c k m an y
It is a case o f g o o d seed p la n te d in g o o d g r o u n d .
131
and its trade and crop requirements is a kind that will
always tend back to the issuer when its work is done,
and stay there ready for any other employment which
may arise at that centre. We have not room on this
occasion to dwell upon this point. We have done it
often heretofore and shall do it often in the future,
and shall consider ourselves fortunate if we may
receive our correspondent’s co-operation in that work.
W e m u st h a sten to c o n s id e r th e r e m a in in g p o r t io n
A ft e r r e la tin g (in p a r a g r a p h 2 ) c e r
A n o t h e r re m a rk in th is sam e p a ra g ra p h n u m b e re d 1 o f th is le tte r.
w rite r's o w n e x p e r i
we are n o t su re w e u n d ersta n d .
T h e w riter says : tain h a p p e n in g s w ith in - th e
“ It m ust b e re m e m b e re d th e g re a te r th e a g g r e g a tio n e n c e ,
of
ca p ita l a n d
c o n c e n tr a tio n o f
th e m o n e y o f th e
our
p a ra g ra p h
correspon dent
3)
th a t
goes
“ th e se
c o u n t r y , th e p o o r e r an d m o re d istressed b e c o m e s th e
a b ly
th a t t h e y (t h e p la n ters o f
g rea t b o d y o f
paid
v alu e
th e p e o p le .”
W e p re su m e “ ca p ita l ”
fo r
th e ir
on
fa c t s
la b o r o r
to
rem a rk
p rove
(see
in c o n te s t
th e S o u th ) are n o t
produ ce.
W ith
th e
a n d “ m o n e y ” in th is se n te n c e a re u sed as s y n o n o m o u s, a n d th a t b o th are m e a n t to r e fe r to th e vast
su rpassed, a n d blessed w ith a v era g e g o o d h e a lth , o u r
s to c k o f c u r r e n c y w h ich is ly in g id le in o u r ba n k s.
p e o p le are s till t o ilin g a n d s tr iv in g to p r o v id e h o m e s
m ost fa v o ra b le c lim a te a n d g o o d so il a n d in d u s tr y u n
O f c o u r s e n o o n e ca n say th a t a la rg e c o n c e n tr a tio n o f
fo r th e ir fa m ilie s , a u d n o tw ith s ta n d in g th e lo w p r ic e
“ ca p ita l ” (m e a n in g w e a lth ) h ere d o e s h arm o r m ak es
o f land (fr o m
p o o r e r an y o n e in T e x a s , u n less it ca n b e sh o w n th at
th ey are u n a b le to d o s o . "
it has been w r o n g ly ta k e n fr o m and b e lo n g s t o som e
sp o n d e n t th a t his fa c ts (a n d w e b e lie v e h is fa c t s to be
o n e in T e x a s .
su b sta n tia lly tr u e ) p r o v e his c o n c lu s io n .
T h e w ealth c o n c e n tr a te d in G a lv e s to n ,
in H o u s to n a n d in H e n d e rso n doe® n o t m a k e a n y o n e
poorer
in
th e
less t h ic k ly s e ttle d d is t r ic ts o f T e x a s.
*2 to $5 p er a c r e , h e p r e v io u s ly s a y s ,)
W e a g re e w ith o u r c o r r e
T h e r u lin g
p rice o f c o t t o n has n o t p a id th e a v e ra g e p la n te r, an d
th e p r ic e o u g h t t o ru le h ig h e r .
B esid es t h a t , it is
T h e w ealth in N ew Y o r k has c o m e fr o m all p arts o f the
also tru e th a t th e r e is n o t a n in t e llig e n t in v e s to r in
w o rld .
N ew
It is h eld
h ere in v e ste d o r fo r in v estm en t.
S o m e o f it m ay g o a n y m o m e n t to T e x a s o r to o th e r
Y o r k th a t w o u ld
n o t lik e
to
see th e m a r k e t
h ig h er, th a t w o u ld n o t b e a c tu a lly b e n e fite d i f it w ere
S tates. N o r t h , S o u th , E ast o r W est, and be p u t in to
h ig h er, an d w h o w o u ld n o t h elp , if ho c o u ld , in d o in g
c it y o r o th e r s e cu ritie s in th ose S ta tes, juBt as it has
a n y th in g th a t m ig h t be d o n e w h ich p ro m ise d to m a k e
berm in th e past, an d is b e in g p la c e d e v e ry d a y o f the
it h ig h e r.
y e a r n ow .
e n c e to th a t m a tte r b e tw e e n th e E ast a n d th e S o u th .
W h o , th e n , ca n be h a rm ed b y th ese ce n tre s
T h e r e is n o
a n ta g o n is m a t a ll w ith r e fe r
o f a g g r e g a te d c a p ita l, th e life o f all o u r in d u strie s ?
W e are p re cise ly o f th e sa m e m in d in b o th cla sses o f
L o o k e d a t r ig h tly , th e y are m e re ly s to r a g e reservoirs
S tates.
o f lo a n a b le fu n d s , w h ich stan d rea d y t o g o in to re p ro
in a c c o r d , w h ich
d u c tiv e w ork w h e n e v e r an d w h e re v e r th e y c a n
c o n d itio n o f th in g s is n o t n o rm a l.
find
safe a n d p ro fita b le e m p lo y m e n t.
M o re o v e r, o n o n e o th e r p o in t w c are p ro b a b ly
is in b e lie v in g th a t thife p r o lo n g e d
J u s t h ere, h o w e v e r, w e fe a r is w h ere o u r view s a n d
W e assu m e, c o n s e q u e n t ly , th a t o u r c o r r e s p o n d e n t
co n s e q u e n tly o u r p u rp oses m ay p a rt.
P e rh a p s
n o t,
d oes n o t m ean to in te r fe r e w ith th ese b e n e fice n t ar
and we h o p e n o t.
ra n g e m e n ts in th e m a k e -u p o f th e w o r ld 's in d u stria l
th a t is th e few w h o s to o d
a p p o in tm e n ts .
N o b o d y o f le g isla to rs , i f it w ou ld ,
b e fo re th e last e le c t io n , t o ld th e p e o p le th a t it o n ly
c o u ld c o n tr o l o r tu rn to its ow n a d v a n ta g e su ch a g g re
n eed ed to s e ttle th is q u e s tio n (t h e lfi to 1 q u e s tio n )
O u r c o r r e s p o n d e n t says :
“ We
wi£h m e fo r s o u n d m o n e y
g a tio n s , o r d is tr ib u te th em a m o n g th e p o o r e r classes.
r ig h t, an d m o n e y w o u ld b e c o m e m o re p le n tifu l an d
A n a tte m p t t o d o it, o r h o stile laws in d ic a t in g that
tim es b e tte r .
p u rp o se , passed o r th r e a te n e d , w ou ld
are laugher^ a t fo r o u r s tu p id ity .
o n ly paralyze
bu sin ess, an d n n til th e o ld sen se o f sa fe ty was re sto re d
la rg e ly d e stro y th e valu es o f in v ested
W e h a v e p ro v e n to b e false p r o p h e ts ;
W e t h o u g h t th is
w ou ld be so b eca u se w ith th u t q u e s tio n p r o p e r ly s e ttle d
ca p ita l and p o t
we e x p e c te d o u r m o n e y p r o d u c t— e o t t o n — t o g o up, b u t
o n t o f sig h t a n d o u t o f th e reach o f th e la w m a k er all
it w ent th e o th e r w ay, an d m o n e y has b e e n s c a r c e r th a n
flo a tin g su p p lies.
ever k n o w n b e fo r e in th is s e c t io n .”
Of
c o u r s e n o t h in g o f
th a t
sort
T h e d is a p p o in t
c o u ld , we rep ea t, h ave been in th e m in d o f th e w riter
m ent a b o v e re fe rre d to has arisen fro m th e fa c t th a t
o f th e le tte r in q u e s tio n .
the w riter a n d his fr ie n d s assu m ed to o m u ch was set
H e p r o b a b ly , as w e ju d g e
fr o m la ter p o rtio n s o f h is le t te r , o n ly m ea n t to take
tled by th e d e fe a t o f th e K S -to-l p a rty .
e x c e p tio n to th e la rg e c o lle c tio n s o f c u r r e n c y in New
th rea ten ed a g rea t ca ta s tr o p h e .
T h a t c o n te s t
It th re a te n e d an im
Y o r k and o th e r m o n e ta ry ce n tre s o f th e c o u n t r y , and
m ed iate c h a n g e o f va lu es fr o m g o ld to silv er.
to say that th e t e n d e n c y th u s t o c o lle c t was a d e tr i
the d e fe a te d p a rty s u c c e e d e d , th e in d u strie s o f th e
H ad
m en t to th e b u sin ess in terests o f th e p la n te r, an d that
co u n tr y w ou ld
th e a c c u m u la tio n was at th e e x p en se o f th e cu r r e n c y
o f o u r p e o p le w o u ld h ave b een fo r c e d in to in s o lv e n c y
s u p p lie s o f th e in te rio r.
d u r in g th e p rog ress o f th e c h a n g e , w h ile to re su rre ct
I f th a t was th e id ea he had
in m in d , th e w riter an d w e are n o t far a p a rt.
case th e d e fic ie n c y , w h ich
In that
is th e b u rd e n o f his c o m
have b een p a ra lyzed a n d la rg e m asses
ou r in d u stries w ou ld
h ave b een th e w ork o f years.
T h a t c a ta s tr o p h e has b v th e
e le c t io n b e e n — w h a t ?
p la in t, fo llo w s fro m a c o m m o n d e fe c t in o u r cu r r e n c y
C erta in ly we c a n n o t say that
system s, fo r we h ave several sy stem s, b u t th e y are all
m ade an im p ossib le fu t u r e e v e n t w h ile o u r c u r r e n c y
a lik e in th is p a rticu la r.
rem ains as it
W e r e fe r t o a la c k o f
the
its h a p p e n in g has b e e n
was, and w h ile th e p a rty w h ose p o lic y
“ h o m in g " q u a lity , a d e fe c t we have o ft e n re ferred to. th reaten ed th e c o u n t r y w ith th a t ca ta stro p h e is d a ily ,
an d w h ich leads to th e te n d e n c y w h en ev er tem p ora rily
th rou g h its lea d ers, and
c u t o f w ork
its errors a t -State c o n v e n tio n s , te llin g us it is o n ly —
d eferred .
E ven o u r c o r r e s p o n d e n t in tim a te s th a t he
to c o lle c t at N e w Y o r k , to m a k e m on ey
th r o u g h
th e rea ffirm a tion o f
a d r u g h ere, to d isa rra n g e o n r fo r e ig n e x c h a n g e s , and
to in d u c e g o ld e x p o rts.
T h e k in d o f p a p e r cu r r e n c y
and his fr ie n d s a t H e n d e r s o n have lo st fa ith a n d are
n eed ed to
a b ou t to jo in th e s ilv e r ite fo r c e s .
m eet th e w ants o f th is ex te n siv e c o u n tr y
132
THE CHRON! LE
W h a t can raise th e p r ic e o f c o t t o n ?
Is th ere any
p ossib ly dra w la rg e r in fe r e n c e s th a n are w a rra n te d .
c o n d itio n th a t can have th a t in flu e n ce e x c e p t a sh o r t
O th er s e cu ritie s th a n gas co m p a n y s to c k s h ave m ad e a l
(V ol . L X V .
en ed su p p ly o f th e stap le or an in crea sed co n s u m p tio n ,
m ost e q u a lly rem a rk a b le a d v a n c e s ; L a k e S h o re R a ilw a y
an d
shares, fo r in s ta n ce , w ith th e ir rise o f 23 p o in ts s in ce
th e re fo re
d em a n d
fo r
it ?
S p e c u la tio n
m ig h t
te m p o r a r ily in flu en ce th e m a rk et, b u t it w ou ld p rov o
J a n u a ry 2 ;
S u g a r c e rtifica te s , w ith th e ir a d v a n ce o f
a b r ie f m ov em en t if th e s p e cu la tio n w ere n o t based
37 p oin ts ;
B u r lin g to n
on o n e o r th e o th e r o f th ese a g en cies.
Our corre
n early 20 ; S ta n d a rd O il, w itli its 7 0 -p o in t r e c o v e r y ,
s p o n d e n t asks : “ C an w e c e n su re th ese p e o p le (m ea n
an d m an y o th e r shares w h ose p e r c e n ta g e g a in a t lea st
& Q u in c y , w h ic h has g a in e d
fo r a is q u ite as la rg e.
S u ch s to c k s as th ese have h a d , lik e th e gas s e c u r i
c u r r e n c y o f any k in d th a t w ill en a b le th em to g e t
b e tte r p rices fo r th eir p r o d u c e ? ”
H e answ ers the ties, som e in d iv id u a lly fa v o r a b le a r g u m e n ts , b u t in th e
q u e stio n h im s e lf in th is w ay : “ I have a b o u t co m e to m ain th e y have b e e n g o v e r n e d b y in flu e n ce s c o m m o n
th e c o n c lu s io n th a t we c a n n o t .” T h e s e w ords ev id en tly to th e g e n e r a l m a rk e t— im p r o v e m e n t in th e fin a n c ia l
in g
th e S ou th ern
p la n ters)
if
th ey
c o n te n d
m a k e an a p p ea l to a new in flu e n ce fo r c re a tin g valu e
situ a tion as a w h o le , th r o u g h w h ic h b o th in v e s to r s a n d
u n k n o w n in e c o n o m ic s .
sp e cu la to rs h a v e b een e n c o u r a g e d to p a y h ig h e r p r ic e s
a d o p tio n
of
W e ca n u n d ersta n d th at th e
a sta b le g o ld
cu rren cy
in th e U n ite d
S ta tes w o u ld co m p le te th e w o rk so h a p p ily b e g u n by
fo r th ese p r o p e r tie s .
sto ck s h a v e
b een
L ik e th e ra ilw ay sh ares, th e gas
r e c o v e r in g
fr o m
a b n o r m a lly
lo w
th e e le c tio n last fa ll, a n d th a t it w o u ld restore co n fi- \p rices, fo r c e d b y th e p e r io d o f p o v e r ty a n d d e p r e s s io n
In
d e u c e fu lly b y sa tisfy in g th e w orld o f th e p erm a n en cy th r o u g h w h ic h th e c o u n t r y has passed s in ce 1892.
o f o u r g o ld sta n d a rd .
W e ca n u n d ersta n d , to o , th at
d eed , m a n y o f th ese gas s e cu ritie s h ave h a rd ly d o n e
su ch a c tio n w o u ld in d u c e a p ro sp e rity in th is co u n try
m ore
g re a te r th an has b een e n jo y e d b y o u r p e o p le fo r m any
A g a in s t its c u r r e n t p r ic e o f 9 8 f, fo r in s ta n c e , C h ic a g o
th a n re c o v e r th e ir losses o f th e p a n ic p e r io d .
a tw elv e m o n th s, a n d th a t th is g en era l o c c u p a tio n o f
Gas s to c k so ld at 9 9 f in N o v e m b e r
la b o r at
fa ir profits
solid a te d G as has n o t e v en n ow re a c h e d its h ig h e s t
w ou ld la rg ely in crease th e p u r c h a s in g p ow er o f th e
reco rd e d lev el. T h e r e c o v e r y in th ese gas sh ares, th e n ,
c o u n tr y .
does n o t by an y m eans s ig n ify th a t p ro fits are in c r e a s
g o o d w ages
a n d o f ca p ita l at
W e d o n o t n eed to say th a t en la rg ed ex p en
1892 a n d C o n
d itu res b y th e b o d y o f th e p e o p le an d o f every k in d
in g at a rate so su d d en a n d e x c e p tio n a l th a t th e c o n
w ou ld a tte n d th e ir c h a n g e d c ir c u m s ta n c e s ; th a t is a
su m er n ecessa rily is s u ffe r in g .
resu lt w h ich
a ctiv ity .
alw ays a cco m p a n ie s ren ew ed
N or
can
business
an y on e d o u b t th a t a m o n g the
T h e q u e stio n o f m u n ic ip a l o w n e rs h ip a n d o p e r a tio n
o f th e gas p la n ts is, h o w e v e r,
a p e re n n ia l q u e s tio n
a rticles b o u g h t, c o tt o n ga rm en ts an d c o tt o n g o o d s fo r
w h ich is b o u n d to be raised so lo n g as th e te n d e n c y to
h o u s e h o ld p u rp oses w o u ld find an ea rly a n d a large
socia lism , c o m p le te or p a rtia l, c o n tin u e s t o ex ist.
p la c e , m a d e n ecessary by th e fo r c e d e c o n o m y o f th e
is a tim e ly q u e stio n n o w , in v iew o f th e va riou s s o c ia l
last few years.
istic
P ro sp e rity in A m e rica w o u ld lik ew ise,
e x p e d ie n ts
p ro p o s e d
by
som e
of
our
It
p o litic a l
as it alw ays d oes, stim u la te b u sin ess in E u r o p e , and
leaders in e c h o o f last J u ly ’ s C h ic a g o d e c la r a tio n s .
th ese ch a n g es w o u ld a d d m a teria lly t o th e d em a n d fo r
T h e r e fo r e a fu ll d is c u s s io n o f th e
raw c o tt o n an d so ten d to e n h a n ce p rice .
issue is season able, a n d s u c h a d is c u s s io n is c o n t a in e d
W e k n ow n o o th e r c h a n g e in o u r c u r r e n c y w h ich
c o u ld fa v o ra b ly a ffe c t th e p r ic e o f th e S o u th ’ s raw
m a teria l, an d a r e fo r m
su ch as w e h ave su g g ested
w o u ld o n ly a ffe ct it b y in cre a s in g th e d em a n d .
T u rn
rea l p r o b le m s a t
in th e J u n e n u m b e r o f “ M u n ic ip a l A ffa ir s” , t h e q u a r
terly p u b lic a t io n o f th e N e w Y o r k R e fo r m C lu b .
M r. E d w a rd M . G r o u t w rites in fa v o r o f m u n ic ip a l
ow n ersh ip o f gas su p p lies.
fo r a m om en t to th e c u r r e n c y p r o p o s a l, th e 1 6 -t o -l
cisely r e v ie w e d
id ea , d iscu ssed in th e le tte r we h ave b een review in g.
ow n ersh ip ,
I s it reason able to b e lie v e th a t c o n fid e n c e c o u ld in auy
sta tem en t
as fo llo w s .
first,
p o in ts m ay be c o n
T h e p la n f o r m u n ic ip a l
is p u r e ly a b u sin ess p r o p o s it io n ; a
stu d e n ts o f th e p r o b le m w ill
tlja t d ev ice ? no d o u b t g e n e ra lly a g ree.
N e w Y o r k C ity , M r. G r o u t
W ill ra isin g th a t issue a g a in , k e e p in g u p th e a gita tion c o n tin u e s, “ b u ild s an d m a n a g es b r id g e s a n d a ra il
o f last su m m er, te n d to p r o d u c e a r e s tfu l sp irit in the road system ov e r on e o f th e m ; it is a b o u t to b u i l d a
d eg ree
be stre n g th e n e d
w ith
H is
w h ic h
b y m eans o f
co m m u n ity , e n co u r a g e en terp rise an d le a d to ren ew ed
g rea t s treet tra n s p o rta tio n
bu sin ess a c tiv ity ,
to
an
e n la r g e d
clean s a n d
goods, and
to
an
in crea sed
d e m a n d fo r raw
g a rb a g e ; it ow n s d o c k s a n d fe r r ie s ,
m a rk e ts , p a rk s,
R e ca ll th e e x p e rie n ce o f
last s u m m e r ; is
m u seu m s, th e a q u a r iu m ; a n d it has
co n stru cte d and
c o tt o n ?
h en ce
c o n s u m p tio n
fo r
sew ers th e
n o t th a t e x p e r ie n c e a fu ll n e g a tiv e answ er to these
m anages o n e
q u estion s ?
w ater su p p ly
A s o u r c o r r e s p o n d e n t says he is a sou n d
m on ey m an , it is n o t n ecessary to ca rry th is d iscu ssion
fu r th e r .
M U N IC IP A L
OWNERSHIP
SUPPLIES.
OF
GAS
of
th e
sy s te m ; it
p a v es, lig h t s ,
s tre e ts ; it r e m o v e s ash es a n d
m o st
e x c e lle n t a n d
system s o f th e w o rld .
e x te n s iv e
T h e pow er and
r ig h t o f th e m u n ic ip a lity to d o th ese th in g s h a v e b e e n
q u estion ed in fe w in sta n ces,
and
are
and
now
con ceded
G as
m a n u fa c tu r e .
M r.
or
e s ta b lis h e d .”
G ro u t p r o c e e d s ,
citizen s as to b e
h ere
su p p lies a w a n t so u n iv ersa l a m o n g
v ir tu a lly o f a g e n e r a l and
p u b lic
T h e r e ce n t renew al o f in terest in th e se cu ritie s o f
c h a r a c te r ; it re q u ire s th e use o f e x tr a o r d in a r y p ow ers,
c it y gas com p a n ies, and th e variou s m o o te d p la n s fo r
su ch as th e r ig h t o f e m in e n t d o m a in , a n d is th e r e fo r e
th e c o n s o lid a tio n o f such
in d u stries w h ere c o n s o lid a
tio n w ill in crease e ffe ctiv e s e rv ice , a d d som e in terest
t o th e d iscu ssion o f m u n icip a l o w n e rsh ip o f ga s-m a n
u fa c tu r in g plants.
S in ce J a n u a ry o f
C on solid a ted G as s to c k
of
th is year th e
p r ic e
of
risen
som e 33 p oin ts, M u tu a l G as s to c k 37£, S ta n d
N ew Y o r k has
“ essen tia lly , n a tu ra lly a n d n e ce ssa rily a p u b lic m u n i
c ip a l e n te r p r is e .”
G a s -lig h tin g is m o re o v e r, th e a r g u m e n t
a n a tu ra l m o n o p o ly — a fa c t r e c o g n iz e d
c o n tin u e s ,
b y th e e x is t
en ce o f le g is la tio n to r e s tr ic t gas rates— a n d an essen
tially m o n o p o lis tic e n te r p r is e o u g h t to b e u n d e r p u b
ard G as 33, E q u ita b le Gas 75, E ast R iv er Gas 47, and
lic c o n tr o l.
C h ic a g o Gas n o less than 24.
T h e s e are n otew orth y
M a n ch e s te r in G rea t B rita in , a n d P h ila d e lp h ia , R ic h
a d v a n c e s , th o u g h a hasty s tu d e n t o f th e figures may
m o n d , A le x a n d r ia a n d W h e e lin g in th is c o u n t r y have
S u c h p u b lic c o n t r o l w o u ld be n o n o v e lt y ;
J
24
u ly
o p e r a te d
THE CHRONICLE,
ISV7. J
th e ir
ow n
gas
w ork s d u r in g
a
p e r io d o f
tim e
168 citie s o f E n g la n d
G e rm a n y
F in a lly ,
M r. G r o u t
p r ic e o f
gas
in
ow n
th e
338
su p p ly .
o f m u n ic ip a l gas su p p ly in c lu d e s th e se in d u strie s in
th e re la tiv e ly low er
his re a so n in g , h e is in c o n s is t e n t ; i f h o d oes in c lu d e
and
p resen t
S c o tla n d
m u n icip a l
p o in ts o u t
w ith th o se o f a lo c a l te le p h o n e ; in a la r g e r sp h e re , th e
railw ays a n d th e te le g ra p h are p erh a p s even m o re d e
c id e d ly s u b je c t to th e d e fin itio n . U n le s s th e a d v o ca te
tw e n ty -se v e n to s e v e n ty -th r e e y e a rs ; at th e
c itie s o f
133
and
gas
B ir m in g h a m , E n g la n d , fo r in s ta n ce ,
th e m , h e is on th e v e r g e o f socia lism .
T h e s im p le q u e s tio n a fte r all is th is : C an th e S ta te
u n d e r p u b lic o w n e r s h ip , a n d th e le g is la tiv e c o r r u p tio n
c o n d u c t o u r in d u strie s fo r us m o re sa fe ly , m ore w isely ,
M r. A lle n R ip le y F o o t e an sw ers M r. G r o u t ’s a r g u m o re e c o n o m ic a lly an d m ore e fficie n tly th a n tra in e d
m e n ts , first by c o n t e n d in g th a t th e fu n c t io n o f g o v ex p erts a t w o r k fo r th e p r o fit in th e b u sin ess, w h o
e rn m e n t is n o t to ow n a n d o p e ra te b u t to c o n t r o l and k n ow th a t th e ir liv in g is at sta k e u n less th ey serve
■which in th is c o u n t r y has a tte n d e d p riv a te c o n tr o l.
r e s tr ic t.
I t is tru e th a t b rid g e s a re b u ilt and w ater
the p u b lic s a tis fa c to r ily ?
N o t h in g th a t th e
d is t r ib u te d b y th e c it y w ith o u t in v it in g c r itic is m ; it
c e n tu r y has d is c o v e r e d
is tr u e , a lso , th a t d o c k s a n d m a rk ets are o w n e d bv th e
g ives th e
least c o lo r o f p r o b a b ility
m u n ic ip a lity .
tation s.
P u b lic
B u t th e d o c k s an d m a rk ets are m erely
r e g a r d in g p u b lic
e x tr a v a g a n c e
c it y p ro p e rty r e n te d o u t, w ith n o p r o b le m o f m a n u
m od ern e x p e r ie n c e ; b u t
fa c t u r e , an d even so o u r ow n m u n ic ip a l a d m in istra tion
c o n tr o l d o
n o t s to p
o f th ese d e p a rtm e n ts has b y n o m ean s been fr e e fro m
a
still
m ore
sca n d a l.
resu lts.
Our
B rid g es are u su ally f r e e ; th e toll c o lle c te d
th e
w ith
p resen t
en terp rises
to su ch
is
th e
expec
b y -w o r d
of
b lu n d e r s o f m u n ic ip a l
e x tr a v a g a n c e ; th e y m a k e
in s tr u c tiv e s h o w in g
of
u n s a tis fa c to r y
p u b lic b u ild in g s , m u n ic ip a l a n d o th e r ,
on th e E ast R iv e r B r id g e , fo r in s ta n ce , a p p ly in g on ly
even o u r d o c k
t o pa ssen gers o n th e ca rs, w h ich n o o n e im a g in es have
fers, are in sta n ces in p o in t.
b e e n op e ra te d as s u c c e s s fu lly as th ey m ig h t h ave been
m u n ic ip a l c o r p o r a tio n — th e
u n d e r th e m a n a g em en t o f a p riv a te c o r p o r a tio n .
m a n a g em en t, th e use o f a p p o in tm e n ts fo r p o litica l a d
v ery n a tu re o f a
fr e q u e n t c h a n g e s
in its
in trin
va n ta g e, th e carelessn ess o f p u b lic c r it ic is m so o ft e n
visib le w h en th e b oss sy stem is firm ly sea ted — a ll th is
fr e q u e n tly le ft in th e h a n d s o f m u n ic ip a litie s .
Y et
p resen ts on its fa c e th e m ost u n in v itin g field fo r su ch
even h ere th e resu lts o f p u b lic o w n e r s h ip , if th e c o u n e x p erim en ts .
try as a w h ole is ta k en fo r e x a m p le , c o m p a r e at least
I t is n o t to b e fo r g o t t e n th a t in c it ie s ,
su ch as B irm in g h a m . E n g la n d , w h ere th e e x p e r im e n t
q u e stio n a b ly w ith th e resu lts o f e x p ert p riv a te m a n
has
a g em en t.
a c h ie v e m e n t has b e e n
M r. F o o te
w h ich M r. G r o u t re
The
w h ich th e tr a d itio u o f co n tu r ie s has
f o r th e w ater s u p p ly , h ere a g a in is a p r o b le m
sica lly s im p le ,
As
m a n a g em en t to
c r itic iz e s
th e
m itte d by M r. G r o u t.
co m p a ra tiv e
The
fig u re* su b
s ta tis tics are
u n fa ir , he
c o n te n d s , b eca u se th e ele m e n ts o f c o s t e n ta ile d u p on
c o r p o r a tio n s by taxes, c o s t o f fra n ch ises, licen ses, e t c .,
seem ed
a d o p tio n o f
th e
n earest a p p ro a ch
m ad e
m e th o d s in
th e
to
p ossib le
c h o ic e
su ccess,
th e
o n ly
th e
of
rulers w h ich are as fa r as p ossib le fr o m
by
m u n ic ip a l
o u r ow n o u t
look .
In th e n a tu re o f th e ca se th ere are som e en terp rises—
a rc a llo w e d n o offse t in th e ca lc u la tio n s o f
m u n icip a l
o w n e rs h ip aud
m u n ic ip a l
w h ich fall o n th e m u n ic ip a lity ch ie fly b eca u se th ey are
p la n t m ay m a n
fr e e to th e w h o le c o m m u n it y an d are re im b u rse d b y
p r o d u c tio n .
F rie n d s o f
c o n tr o l assu m e th at b eca u se a p u b lic
street b u ild in g , fo r in s ta n ce , and b r id g e c o n s t r u c t io n —
u fa c tu r e gas a n d tell it fo r less th an p riv a te c o r p o r a
ta x a tion .
tio n s
su p p ly an d sew a g e, w h ic h are so in te rw o v e n w ith th e
have d o n e , th e r e fo r e
ch a rg e s are ex cessiv e.
F o o te
th e p riv a te c o r p o r a tio n s '
B u t th e a p p a ren t g a in . Mr.
p o in ts o u t , w ill la rg e ly
or
w h olly
disappear
w h en th e a ctu a l loss to p u b lic re v e n u e , in th e a b sen ce
T h e r e a r c a lso e n te rp rise s, su ch as w a ter
life o f a c o m m u n it y th a t u n d e r ce r ta in c o n d itio n s th e y
ca n n ot easily be d e le g a te d .
Y e t ev en in th ese b r a n c h e s
o f p u b lic w o rk s p r iv a te e n te rp rise m a k es as g o o d an
o f these taxes u n d er m u n icip a l c o n t r o l, is re c k o n e d in. I average s h o w in g as th e c it y
A s illu s tr a tin g th is p o in t, th e re p o r t o f th e Paris Gas
C om p a n y
th e
is
c it e d ,
co n su m e rs
in
w h erein
it
Paris
pay
is
stated
m o re fo r
that
gas
“ if
than
th o se in V ie n n a , B e r lin ,e t c ., it is b eca u se th e m u n icipa l
w ork s, o r b etter.
N ew J e rse y c it ie s n ow s u p p lie d w ith
The
w ater fr o m th e
m ou n tain s by a p riv a te c o r p o r a t io n g e t b e tte r w ater
than th e B r o o k ly n citiz e n s .
S o far as th e p ro b le m h a n g s o n p r o te c tio n o f p u b lic
a u th o ritie s dra w fr o m th em (t h e c o n s u m e r s ), th ro u g h
p riv ileg es fo r th e fu t u r e , th e lim ita tio n o f th e life
th e m e d iu m o f th e c o m p a n y , a n u m b e r o f d u es, the
a p u b lic fr a n c h is e is a b s o lu te s a fe g u a rd .
to ta l o f
w h ich
a m o u n ts t o
n early o n e -th ir d o f
the
Iu
of
tiiis d i-
reetion m a n y o f o u r m u n ic ip a litie s ure w o r k in g .
One
p r ic e c h a r g e d fo r g a s s u p p lie d to p riv a te c o n s u m e r s .”
o f th e
T h is is th e ca u se o f th e h ig h p r ic e o f gas in Paris, and
a d op ted
th e reason fo r th e d iffic u lty w h ich a tte n d s an y r e d u c
lim it to su ch g ra n ts.
tio n
g o o d part o f o u r m u n icip a l c o m m u n it ie s , is a p p a re n tly
t h e r e in ; and
th is sta tem en t a g a in , M r. F oote
few
u n e x c e p tio n a b le
G rea ter
N ew
Y ork
The
fe a tu re s
c h a r te r
iu th e
la te ly -
is th e 2 5-year
p e rp e tu a l fr a n c h is e ,
iu a
c o n te n d s , illu stra tes a n o th e r p o i n t : th a t co m p a riso n
doom ed.
o f gas rates at d iffe re n t lo ca litie s an d u n d e r d iffe re n t
ural m o n o p o ly w h ich is assu m ed to th rea ten th e rig h ts
cir c u m s ta n c e s
o f citize n s ?
u n fa ir .
is lia b le to b e w h o lly m isle a d in g and
B u t if th is is so, w h at b e c o m e s o f
th e
n a t
F ig u re s are a lso a d d e d s h o w in g r e d u c tio n in
th e p r ic e o f gas b etw een 186!) and 1803 o f 64 p e r c e n t
in N ew Y o r k C ity , 69 p e r c e n t in C h ic a g o and B o s to n ,
w ith sim ila r c u ts in rates a t o th e r p o in ts , in all o f
THE R E M A R K A B L E CH A RA C TE R OF THE
L A T E Y E A R ’ S F O R E I G X TRADE.
T h e fo r e ig n tra d e s ta tis tics f o r th e la te fiscal y ear
w h ich g a s is su p p lie d by p riv a te co r p o r a tio n s .
(e n d in g J u n e 3 0 )
M r. F o o te g o e s o n ly b riefly, h o w e v e r, in to w h at we
b elie v e to be th e c o n c lu s iv e a rg u m e n t in th is q u estion .
becau se o f th eir s tr ik in g c h a r a c te r , an d th e resu lts
certa in ly are n o te w o r th y iu m o re p a r tic u la r s th a n on e.
have
b een
w id e ly
c o m m e n te d on
G as s u p p ly is a n atu ral m o n o p o ly , M r. G r o u t c o n te n d s ,
B u t th e ir c h ie f u s e fu ln e ss, as it seem s t o us, is in th e
an d th e r e fo r e lo g ic a lly b e lo n g s to a m u n icip a l a d m in
B u t it is c e rta in ly less o f a n atu ral m o n o p
lig h t th e y th row u p on th e e x is tin g s itu a tio n o f o u r in j
d eb ted n ess to th e o u ts id e w orld a n d also in fu r n is h in g
o ly th an th e r u n n in g o f street railw ays ; its m on op olis
a basis fo r g a u g in g th e p o s s ib ilitie s o f a r e c u r r e n c e th e
t i c posaibiltiea, all th in g s c o n s id e r e d , d o n o t com p a re
p resen t y ear o f th e late y e a r ’s v ery e x c e p tio n a l o x -
istra tion .
134
THE CHRONICLE.
fV0L. L X V .
other favoring factor is a doubly encouraging event.
It no doubt is true, as all reports indicate, that de
spite the more confident tone and the advance in
prices which has occurred on our Stock Exchange,
London is more inclined to sell its holdings of our
securities than to add to the same. On the other
hand the calculations we have made establish that
not for many years has there been a time when we
could afford to view with greater unconcern Europe’s
apathy and indifference and disinclination to buy our
securities.
But the question arises, what is the prospect for a
large trade balance the current year ? On this point
there is little room for doubt. So far as current in
dications may be accepted as a guide, the prospect for
a large trade balance is very good. The extent of the
balance, of course, is controlled by two things, the
size of the imports and the size of the exports. As far
as the imports are concerned, the movement the late
year must be considered to have been greatly in excess
of the requirements for a period of dull trade and
stagnation in business. In round figures the imports
for the twelve months were 787$ million dollars, the
total thus coming within ten million dollars of that
for the previous year, which was 797$ millions. It
is true this latter total has been two or three times ex
ceeded in the past, but to show that the 787$
EXCESS OF EXPORTS (+) OR IMPORTS (—).
millions for 1896-7 is a large amount, it is only neces
Year ending
1897.
1886.
1695.
1891.
1893.
sary to say that this is almost precisely the average
June 80.
%
$
$
$
$
Merchandise..+265,021.112 +86,997,688 4 64,076,782 +237,145,950 -18,735,728 for the five years from 1891 to 1895 inclusive, while
Silver............. 4 50,050,301 4 46.944,698 +37,674,797 + 87,164,713 - 17,644,007
for the previous five years the average was but 717
Total..........4315,671.413 +132,942,981 +101,751,570 +274,310,063 —1.191.061
Gold............... —41,298,611 480.688.049 +30,984.440 +4.528,642 4 87,500,403 million dollars, and for the five years from 1881 to 1885
Total....... +274,372,802 4-213.531,030 +132,730,028 +278.839,60 . +86.314,802 only 667 million dollars, as will appear by the follow
Thus in the late year we exported of merchandise, ing statement showing both the imports and the ex
gold and silver combined, 274$ million dollars more ports since 1880.
than we imported. This is a very large excess of ex VALUE OF IMPORTS AND EXPORTS OF MERCHANDISE FROM 1 8 8 1 TO
1 8 9 7 , INCLUSIVE.
ports, so large as to place the year in the front rank
with the years distinguished in that way. But in Tear ending
Merchandise.
Excess of Exports. Total Imports
and Exports.
or Imports.
casting the eye over the figures here brought together June 30.
Exports.
Imports.
s
$
we discover that in 1893-4 the excess of exports
$
*
642,064,638
902,377,846
Exp. 259,712,718
1,545,041,974
was even a little larger, reaching 278$ million dollars. 1881.............
750,542,257
724,039,574
1882 ...........
1,475,181.831
Exp. 25,902.683
723,180,914
Exp. 100,658.488
1,547,020,310
On still further scrutiny it appears that in 1895-6 also 1883............. 823,839,402
667,697.693
740,613,609
1,408,211,302
1884...........
Exp. 72,815,910
the excess was quite large, amounting to 213$ million 1885............. 742,189,755
677,527,329
1,319,717.084
Exp. 104,602,420
dollars, while in 1894-5 the excess was 132f millions. Total 5 years 3,959.462,369 3,335,710,138 Exp. 623,752,231 7,295,172,507
791,892,474
607,142,028
1,459,034,502
Average......
Exp. 124,750,440
If we take the four years together we find that the
070,524.830
035,436,130
1,314,900,900
1880.............
Exp. 44.088,694
excess of exports for the quadrennial period has been
716,183.211
092,319,768
1,408,502.979
723,957,114
095,054.507
1,419,911,621
Imp. 28,002,007
little short of 900 million dollars—in exact figures 1888...........
745,131,652
742,401.375
1889..........
1,487,533,027
Imp. 2.730.277
789,310,409
857,828,084
1.647,189,003
1890.............
Exp. 08,518,275
#899,480,005. In other words, in the four years we
sent out in money value of goods and specie, in round Total 5 year* 3,691,892,607 3,586,155,079 Exp. 105,737,528 7,278,<'47,080
738,378,521
717,231,010
1,455,009,537
Average. ...
Exp. 21,147,505
figures, 900 million dollars more than we received.
884,480.810
844.910,190
1,729,397,000
1891.............
Exp. 39,504,614
1,857,080*010
827,402,402
Exp. 202,875,680
From the magnitude of the item it is obvious that we 1892........... 1,030,278,148
847,005,194
1,714,000,110
800,400,922
Imp. 18,735,728
could not have Increased our indebtedness to the out 1893.............
892,140,572
1.547.135,194
054.994,622
1894.............
Exp. 237,145.950
743,806.050
1,651,810,082
Exp. 04.070,782
side world during this period, while a little reflection 1895............. 807,943,432
8,400,080,008
5 years 4,462.508,150
Exp. 524,027,804
3.037,580,852
will make it evident that we must have materially re Total
892,501,631
1,080,017,801
787,610,170
Exp. 104,985,401
Average—
duced such indebtedness. Taking 150 millions as the 1896............. 683,386,463
1,0>0,774.948
797.388,480
Exp. 95,097,983
1,640,678,050
787.628.469
Exp. 266.621.112
sum due by us, roughly, each year for interest on 897............. 1,063,149.581
Note.—The foregoing figures include gold and silver in ore, exported
American investments held abroad and for freights, and
imported.
&c., the amount required in this way for the four
The reason for the late year’s large imports is appar
years would be only 600 million dollars, as against ent to all. They are the result of the rush of goods to
the 900 millions excess of exports which actually ac this country to get the benefit of the existing rates of
crued during the four years. It is clear, therefore, duties in view of the much higher rates to be imposed
that a balance of 300 million dollars remains which under the new tariff law. As a consequence the im
must have been applied in some other way.
ports of many articles and commodities have been
The significance and importance of this statement greatly in excess of current consumptive requirements,
consists in the demonstration it furnishes of the pecu and in sugar and wool particularly stocks are very
liarly favorable situation which the United States oc heavy. The influence of tariff legislation in swelling
cupies at the moment in the matter of its indebted the totals appears from the fact that for the eight
ness to foreign countries. We appear to be on the months to March 1 the imports were 116 million dollars
eve of a revival in business, and at such a time this behind those for the corresponding period of the pre-
hibit. On both points, as it happens, the indications
are well defined.
It is a fact within the knowledge of every one that
in onr domestic or internal affairs the years since 1893
have been a period of liquidation, with prices falling
and profits dwindling to the vanishing point. But
this liquidation has not been confined to the home
trade. It has been a no less noteworthy feature in our
affairs with the outside world. Large amounts of our
securities have been sent back, and in this and other
ways we have been reducing our indebtedness to for
eign countries. It is not needful to go into the causes
responsible for this state of things, which, indeed, are
familiar to all our readers, since they have been
so frequently pointed out in these columns. It is the
fact itself which interests us. And of this no better
or more striking proof could be found than that fur
nished by the foreign trade figures. Here, for in
stance, is a brief tabular statement showing the bal
ance on the foreign trade movements for each of the
last five fiscal years. As will be seen, it indicates not
only the balance on the merchandise movement
(whether on the side of the exports or imports), but
also the balances respectively on the gold and silver
movements, with a final line giving the net result for
the whole three movements combined. It is this lat
ter to which we would direct particular attention.
THE
J uly 24,
(JHRONH LE.
35
c e d in g year, w h ile d u r in g th e last fo u r m o n th s th e y ran
lion s in crea se a lrea d y m e n tio n e d .
106 m illio n d olla rs a h ead o f th o se fo r 1895-6.
I t seem s
g en era l m e r c h a n d is e e x p o rts fo r th e f u ll tw e lv e m o n th s
ce rta in , th e r e fo r e , th a t in a n u m b e r o f a rticle s th e re
are n o t y e t a v a ila b le, b u t f o r th e ele v e n m o n th s to
w ill be a fa llin g o ff
M ay 31 th e re was an in crea se o f, r o u g h ly , 15 m illio n
th e c u r r e n t y ea r.
O f co u rse
T h e d eta ils o f th e
th e new ta riff b ill is in te n d e d to d is c o u r a g e im p o r ts ;
d olla rs in th e e x p o r ts o f iro n a n d steel, an in crea se o f
y e t th is te n d e n c y m ig h t be in w h o le o r in p a rt c o u n
4 m illion d olla rs in seeds, o f 6 m illio n d olla rs in w o o d
te ra cte d s h o u ld th e re b e an a c tiv e rev iv a l o f d o m e s tic
a n d its m a n u fa ctu re s , o f 11 m illio n s in c o p p e r a n d its
tra d e , as so m an y e x p e c t.
m a n u fa ctu re s, o f n e a rly 5 m illio n s in m a n u fa c tu r e s o f
O n th e w h o le , it seem s
co n se rv a tiv e as w ell as rea son a b le to estim a te th e m er
less th a n th e tota l
ch a n d ise im p orts fo r 1897-98 a t
c o t t o n , an d o f n o t fa r fr o m
th e sam e
a m o u n t in e x
p o rts o f b ic y c le s ; b esid es in crea ses in a h o s t o f m in o r
fo r 1896-7.
A s fa r as th e e x p o r ts are c o n c e r n e d , th e tota l fo r
a rticles.
th e late y ea r was e x c e e d in g ly h eavy a n d
eral m e rch a n d is e e x p o r ts is lik e ly to be th e c u r r e n t
has n ev er
W h a t th e c o u r s e o f th e se m a n u fa c tu r in g a n d g e n
p re v io u s ly b e e n e x c e lle d , r e a c h in g 1,053 m illio n d o l
y ea r, is a little
d iffic u lt
lars.
stim u la te d
e x p o r ts
T h e n e x t best to t a l was th a t o f 1891-2 a t 1 ,030
su oh
to
in
say.
a
Low
m a rk e d
p r ic e s h a v e
degree,
m illio n d olla re, an d th ese are th e o n ly tw o y ears in th e
sh o u ld a rev iv a l o f p r o s p e r ity in th is c o u n t r y
e n tire h isto ry o f th e c o u n t r y w h en th e a g g r e g a te o f
w ith it h ig h e r p rice s , th e
th e
re d u ce d .
m e rch a n d ise e x p o r ts has re a ch e d o r e x c e e d e d a
th o u sa n d m illio n d olla re.
A s to th e p ro b a b ilitie s o f
s h ip m e n ts
and
b r in g
m ig h t a ga in be
T h e r e is still a n o th e r fa c t o r th a t m a y o p e r
ate in th e sam e d ir e c t io n .
W e r e fe r to th e
n ew ta riff
eq u a lly h eavy e x p o r ts th e p re s e n t y ea r, th e in d ic a tio n s ,
law , w ith its in cre a se d d u tie s .
a3 a lrea d y s ta te d , are a t th e m o m e n t v ery fa v o ra b le
tin g o u t fo r e ig n g o o d s fr o m o u r m a rk ets w ill n o d o u b t
fo r a n o th e r v ery la rg e to ta l.
also to som e e x te n t r e d u c e
c o n c lu s io n
as to
T h e b est way to rea ch a
th e p r o s p e c ts
is to
see
how
th e
a m ou n t fo r th e la te y e a r was m a d e u p — th a t is, fr o m
w h at sou rces
th e
great
was ch ie fly d e r iv e d .
in erea se
in
th e sh ip m en ts
T o e n a b le an an alysis to be m ad e
on th a t p o in t, we p re se n t th e fo llo w in g ta b le, s h o w in g
T h e s e d u tie s in
th e
ta k in g s
of
s h u t
our goods
by th e c o u n tr ie s d is c r im in a te d ag a in st.
But
a loss
in
th e
g e n e ra l
m e r c h a n d is e
e x p o r ts
(s h o u ld it o c c u r ) is n o t lik e ly , as fa r as c a n b e ju d g e d
at th is m o m e n t, to be s u p p le m e n te d b y a loss in
ex p orts o f th e fo u r le a d in g staples.
th e
A s to c o t t o n , it
th e e x p o r t valu es fo r a lo n g te rm o f y ea rs o f th e fo u r
is n o t p ossib le t o sp ea k d e fin ite ly , as n o o n e ca n a t th is
le a d in g staples— bread atu ffs, c o t t o n , p r o v isio n s, A c .,
d a te estim a te th e
an d p e tro le u m .
tr ib u te d n e a rly 41 m illio n s in crea se (in v a lu e ) as c o m
sxroar* or
Fucnl Y$*r
ending
June 80.
gtuf,.
Cbtt#*.
•
I
rr»ri.«».
lsadixij
P*WI#*'**#
i nd Dairy
Prwtueri
TMal «U
b u t as c o m p a r e d w ith tw o y ears a g o th e in crea se is less
than 26 m illio n d olla re, and i f we g o b a c k a fe w y ea rs
fa r th e r it w ill b e fo u n d th a t th e 1897 tota l has been
m any tim es e x c e e d e d in th e past— in 1891 n ea rly 60 m il
lio n dolla rs— so th a t th e e x p o r ts o f th is sta p le in th e late
year w ere b y n o m ean s e x c e p tio n a l.
d o lla rs as co m p a r e d w ith 1896-6 a n d o f
d olla rs as com (ta red w ith 1894-6.
246 m illio n
S e g r e g a tin g fr o m
th is th e fo u r sta p les m e n tio n e d we fin d an in cre a se in
102 m illio n d o lla rs as c o m p a r e d
w ith
th e
y e a r p re v io u s, an d o f 127 m illio n d o lla rs as c o m p a r e d
In o th e r w ord s, o f th e la te y e a r ’ s
in crea se in a g g r e g a te m e rch a n d ise e x p o r ts o f all k in d s
o f 170 m illio n d o lla rs, th ese fo u r
sta p les s u p p lie d 102
m illio n d o lla rs, a n d o f th e in crea se o f 246 m illio n d o l
lars as c o m p a r e d w ith tw o y ea rs a g o , th e y s u p p lie d
ov sr
127 m illio n s .
p la y ed . b y
also
s h o w s,
th ere
th e
th ese
was
laat
T h is sh ow s
sta p les
h ow ever,
a
y ea r,
la r g e
fo r
th a t
th e
th e
o u ts id e
e x a m p le .
102
m illio n s
tic le s
of
m e rch a n d ise
crease
of
e x p o r ts
th ese
part
fo u r
w h ile
th e
Take
staples
o th e r
fu rn is h e d
m a k in g
It
stap les
in crea se.
The
in cre a se ,
m ore,
im p o r ta n t
y e a r ’s re s u lts .
in d e p e n d e n t
fu rn is h e d
68 m illio n s
in
an
170
ar
in
m il
T h is a p p lies also
to th e q u a n tity o f c o t t o n s h ip p e d , t h o u g h n o t to th e
sam e e x te n t, th e d e c lin e in p r ic e h a v in g p la y e d an im
p orta n t p a rt in d im in is h in g values.
F r o m th e fo llo w
in g ta b le it w ill be seen thnt th e la te y e a r ’s c o t t o n s h ip
m en ts, th o u g h n ea rly 1^ m illio n
e x tra o rd in a rily
in g , fe ll n early 8 0 0 ,0 0 0 bales
o f tw o years a g o .
leu m e x p o rts.
bales la r g e r th an th e
sm all s h ip m e n ts o f
th e y ear p r e c e d
s h o rt o f th e
s h ip m e n ts
W e a lso sh ow in th e ta b le th e p e tr o
T h e s e sh ru n k a lit t le in 1894-5, w h eh
prices a d v a n c e d , b u t
have s in c e
th e n a g a in re su m e d
th e ir u p w a rd m o v e m e n t, a n d fo r 1896-7 w ere in excess
o f an y p re v io u s year.
It w ill b e seen th a t a g g r e g a te e x p o r t s a t 1,063 m ill
w ith tw o years a g o .
con
•
I
sajBts.TW M M hPU MojsK.m
io n d olla rs fo r 1896-7 r e c o r d an in crea se o f 170 m illio n
of
T h a t sta p le
.*tapU*.
1877 ......... 117,80',478 171.118J08 118.5711,41" fil.m 4»|4fi9.*»M 40 WS.475.W0
1878 ......... 1M.777JM1 180.0SI.4H! IM.M3.UTi 40,574.974 535.W ».4 ^ UK.*66.70*
187V..............*io.aa\aa8 uw.soi.kw iu u bt .om 4O.JO6.040 53234 .’.7 U 710.4S9.441
rtrt*.*?0.V*1
1880 ............*w .oai.*iatit.aosan s ism w m o i
1885............................... S70.raa&l»M7.4WS.740 40.SI&.W9 7 13,153,714 i
ai.tsa.70rt
Vlfi.7W.40* 750.543,«T
188*............. 183,470^18 1WV813.4I4 133,030.530
1888............. JiD8.0t0.8ao *47,W ,7*t 108.tt7.UI* 44.ttlS.O79 rtO0.40y 74* *0.1*00 * rj
ISSt............i148.541.715 107.0lfi.304.114.300,788 47.100*48 341,014.063 7*0.MS.400
1885........... ;180,370,831 301.843,438t*7,333,434 80,07.047 5l9.9f3.*WI T4*.189.T*6
1880............. 139^440.308 303.0Hfi.448 »>,8iM !4 50.lflM.rt44 471,TO7.»Or> 470.954.W-i
1487............ 185.78H.0OS 401^33.007 03.783.380 44,824.913 >511.308.0?.* 715.iaS.tll
1884........... )m .lOia47!33S.ol«.7»i) lM.M4.084 47.04S.409
896.064.ftO7
1880............. 'ISa^rOMli W7.77M70 104,133.444 40,013/177 515.4rtrt.005 7iS.4*ilJI75
1880.......... . I54.WS 0T7 *0.848.7*4 130.3O4.58> &i.4os.i/rt9 tm y u M i 457.50.444
l » l ...... .
ISaWI.854 3W0.7!3,-«8 130.017,471 44,00.75* 405/WH 75» 554.00.410
1803............. 1.TA1.W3.117 358.V4l.au 140.343,i/W *4.->3.*94 742jrt«j09 100047414a
1»W........... W ' ll.',«fi4 I-8,771.44" U4.t01.Mt 41.1IS.49V 549/157.f 4§j447.4®. 104
loot....... ...UfW.77- 4 * ilO.-O-./Hu 145,470,043 4L«9Ww»4 541.414.947 Krtf, 140.8?i
l * s ...... ... n4.8O4,7*!304,8c>i.8» 131.834JKV 44,640.0® 409.400.01 W7.043.4St
1884............h tu n a jo t) ie».dM .M ofui.5aafi*7, 42.ftM.406 aS5.tCO.i4rt
180V*. . .. -. 'U»7.tl7.4fW.3»>J»38.T38 I3MB3J3W a tW J irt 627.1*7. JW 106019481
* Figures for 15/7 subject to *U*bt e**rreetlofl«.
♦ Jbrfortm* twtb crude end refined. u x l also ra M a a s.
th em
th e c r o p .
pared w ith th e p o o r c r o p season o f th e p re v io u s y ea r,
Tbtol f W
I
size o f
Onttnn BrporU.
l u r n 8 n i Junt 3D.
Bale*.
187*1........................................
9.914.439
1477............... ......................
3.190.479
.................................. .
3.391.706
1*79........................................
8.483.741
8Jill .159
"**>........................................
>431.......................................
4.549.743
1* » ....................................
3.094.704
4,rt®VOrt
KVI........................................
1**4..................................
3.9*4.933
18*3........................................
%/mjm
18*4........................................
4,983.733
1*^7............................
4,499,579
l*wa........................................
4/194.017
1889......................................
4/172.040
IH30........................................
5/40.0 IX
1*91........................................
5,89 .770
1«9B..................................
5.401.411
1*01.......................
4.431.2?)
i*y|....................................
5.397,500
1495.....................
0.00536*
H04 ..............
♦,050.705
18J7>.........................
0.175.775
* Includes both erode *n«l refined, bat not
i<v»■or belag retry arx.%11.
Pound*.
• Petroleum,
Gallon*.
241,078,748
1.491.405,334
1,446.309,130
306,002.294
334,872.518
1,607,533.511
375.002,97*
1.6*8.372,8 <3
419,107,690
UJ92.041,114
2.190.988,779
394.412.402
1,730.075.941
554.239.228
409.786.264
0.288.075.049
1.842,572.5.10
508,362.968
SDH.KM),5*0
1.801.450.472
2,068,037.444
574.555,480
2.160.457,330
689.554,441
9.244.190.826
574,982,395
2.381,814.649
<114,511,HOtt
2.471,790,853
8Dl.Slfi.W8
2.907.353,795
708,220.777
V.W5.210.M11
n*.vm.iT»
2,212,1 IT),126
808,480,186
2,683,282.325
908,011.306
894,844.574
3,517,433,109
►90.234.014
8,338,826.881
967.605.63*
3.103.461.492
residuum. the export* o f the
♦ Figure* for 1397 ■object to tllffht correction*.
T h e re rem ain th e brea d a tu ffs e x p o r ts a n d th e p r o
vision* e x p o rts to
be
c o n s id e r e d .
T h e la tte r, th ere
IHK UHK0N1CLE.
136
would seem no doubt, will continue large. We have
raised two corn crops of extraordinary dimensions, in
suring an abundance of meat and provisions for ex
port, while at the same time the food wants of the
world are such that it will need all we can spare. The
breadstufls exports wo analyzed last week. We found
that while they increased 56 million dollars as com
pared with the year preceding and 83 million dollars
as compared with two years ago, the 1896-7 total was
far behind that of many other years. Prices were very
low, and the wheat shipments were of hardly more
than normal proportions. With the wheat crop short
in so many of the leading wheat-producing countries)
prices ought to be better the current year, while in
quantity the exports will he limited only by the amount
that we can spare. Under the circumstances we
should not be surprised to see the breadstuffs exports
for the current year larger even in value than for the
late year.
The outlook then is for another year of heavy
merchandise exports and a large trade balance at a
time when the situation regarding our indebtedness to
the outside world, by reason of the liquidation which
has been going on, is unusually favorable. To com
plete the record of the foreign trade we annex the fol
lowing table showing the gold and silver exports and
imports for a series of years. The gold imports the
late year were very large, both gross and net, but
it deserves to be noted that the bulk of the amount
came in during August, September and October, when
our finances were so deeply disturbed by reason of the
silver agitation. The latter part of the fiscal year we
were again exporting gold notwithstanding our large
favorable trade balance.
Year
ending
June 80 Exports.
1881...
1882....
1883....
188!....
1885....
1886....
1887....
1888...
1889...
If*90....
1891....
1872__
1803__
1891 —
1895 ..
1806....
1597...
Silver.
Gold.
Imports.
Excess of
Imports or
Exports
t
»
$
2,565,132 100,031,259 Imp 97.466,127
32,587,8»0 34,377.054 Imp. 1,789,174
11,600,885 17.734,119 Imp. 6,133,261
4J,081,#57 22,831,317 Exp. 18,250,640
8,477,892 26,0t*],H90 Imp. 18,213,804
42.952,191 20,743,349 Exp. 22,208,842
9,701,187 42,910.001 Imp. 33,209,414
18,376,234 43,034.317 Imp. 25,558,083
59,952,285 10,284,858 Exp. 49,667,427
17.271,401 12,943,842 Exp. 4,331.149
86,862,654 18,232.567 Exp. 68 130,087
50,195,327 49,699,451 Exp. 495,873
108,680,944 21,174,881 Exp. 87,506,463
7r\078 061 72 440 119 Exp. 4,628,942
06,131,180 35,W0,734 Ecp. 30,981,449
L12,309.136 31,720,481 Exp. 80,588,640
4#,112.922 81,411,533 I np. 41.298.011
Exports.
t
10,841,715
10,829,599
20,219,445
20,051,426
33,753,633
29,611.219
26,296,504
28,037.949
30,6*9.248
34,973,929
22,590.9*8
32.810,559
40,737,319
60,451,265
47.227,317
59.862.95-.
61,031,000
Imports.
t
10,544,238
8,095,336
10,756,242
14,594,945
16,550,627
17,810.£07
17,260.191
15,403,669
18,678,215
21,032.994
18,026,890
19,955,086
23,193.262
13,296,562
9,552,520
12,9 7,958
10.980.7C5
Excess
of
Exports.
s
6,297,477
8,734.263
9,464,203
11,456,481
17.203,000
11.660,912
9.030,313
12,634,280
18,011.033
13,840,945
4,564.108'
12,855,473
17,544,067
37,104,713
3T,6:4,797
40,944,998
60,060,301
Notb .—Gold and silver in ore, exported or imported, are included in
tlie merchandise exports and imports. The amounts have been com
paratively small, exoept in the case of the imports of sliver in orewhich since 1885 have been as follows (gross): 1386, *1,213,256 '
1887, $3,798,284; 1868, $5,115,563; 1839, $6,9 >1,719; 1891, *7,743,572; 1891, $8,953,608 ; 1892, $9,656,761; 1893,'$11,10 >,717 ; 1834
$6,631,911; 1395, $10,658,659; 1896, $15,859,228; 1897, $19,552,522
M E X I C A N DE V E LOPM E N T.
The “ Sun” of this city, in its issue of July 14, had
an interesting article bearing upon the “ boom'’ in
railroad building which is now in progress in our sister
republic. The writer points out that there is at this
time more activity in the construction of new railroads
in Mexico than in any other country in the world.
After noting that President Diaz, in a message which
he sent to the Mexican Congress two years ago, spoke
of the new lines then approaching completion, and of
other lines upon which work had been begun, and also
of the projects for yet other lines which had been pre
sented to the Government, the article goes on to show
fV o i.
LXV
that since that time the building of railroads, some of
them long and others short, has been carried on as
energetically as President Diaz could desire. American
and English and German and French capitalists have
made investments in them to the amount of many mil
lions of dollars.
The new line from Cuernavaca, near the City of
Mexico, to the port of Acapulco, on the Pacific sea
board, is almost completed, and five thousand men are
at work upon it. There is already a line from the
City of Mexico to Vera Cruz on the eastern shore; so
that when the road now nearly ready for service shall
be opened there will be a trans-Continental line con
necting the Gulf of Mexico with the Pacific Ocean.
There is now another road from the Gulf to the Pa
cific—a short one, across the isthmus of Tehuantepec;
but it is of far less value to Mexico than will be the
line which is to connect Vera Cruz with Acapulco,
passing from one side of the country to the other
through a well-populated and highly productive re
gion.
Another important line now under construction is
the one which is to run from El Paso, on the Rio
Grande, across the States of Chihuahua and Sinaloa,
to Topolabampo, on the Gulf of California, and which
will probably be extended as far southward as San
Bias, on the Pacific, or further yet. This line is be
ing built by an American company, and a portion of
the road, 160 miles in length, was opened a few weeks
ago. There is to be a connection with the Mexican
Central.
The “ Sun” also refers to a number of other railroad
enterprises of lesser magnitude. The Mexican Navi
gation & Railway Company has received a subsidy of
public lands for the construction of a line that shall
bring the Tehuantepec road into connection with the
city of Vera Cruz. There is to be a line from Mon
terey to the port of Soto la Marina on the Gulf of
Mexico. A contract has been entered into for the
construction of a line from San Luis Potosi to the coffee
districts of the State of Vera Cruz. A concession has'
been made for a new line running southward from
Toluca, The line that has been built from Merida in
the State of Yucatan to the city of Campeche is to
be extended to several other places. The new line
from Manzanillo, on the Pacific Coast, to Colima, in
the State of that name, is in operation, and will be
extended northward to Guadalajara, if a renewal of
the concession which was forfeited for the non-fulfill
ment of its terms can he obtained.
In connection with these facts regarding newrailroad
building brought out by the “ Sun ”, it seems desir
able to refer to the great development which is taking
place in the business of the roads already in operation.
We have often taken pains to show how steadily and
largely the gross earnings of Mexican roads have been
increasing in recent years, using as illustrations the
more prominent companies, like the Mexican Central
and the Mexican National. But the present year the
expansion has been going on at a more rapid rate than
before, and the growth is the more significant and
striking, coming as it does after the very noteworthy
increases of previous years. To show in a graphic
manner the way in which the revenues of the roads
have been growing the present year, we have prepared
the following statement comparing the gross earn
ings of eight of the larger roads for the first six
months of 1897 with those for the first, six months of
1896.
J
24
cxy
THE CHRONICLE
1 8 9 7 .J
have b e e n n o less n o te w o r th y th a n th o se in th e gross.
GHOSS E A E S tS G S J A S 0 A B T 1 TO JU N E 3 0 .
1897.
*
S a m e .
Increase—
1896.
8
Ioteroceanie......................... 1.232,351
$
1.085.321
Mexican Central................. 9.564,049
12,092,528
1 For tbe Ore months to May 31.
aDecrea.se.
M ex ica n
1,728,733
1.136.726
2,374,2-:7
347,679
1,447.598
241.237
574,429
Total (9 mail*)................ 15,190,192
T h u s th e
P . O.
197.030
4,335.261
M exican International t ... 1,293.129
Mexlean National .............. 2,9 t8 476
Mexican Northern ; ........
271,749
M exican R atlw ar............... 1,809,537
M m c-M Son'hern
339,S41
Monterey * Mexican G o lf.
682,080
96,403
574.199
075,930
360,939
8,604
107,631
3,0,7,664
31, b u t in th is p e r io d th e M e x ic a n C en tra l g a in e d in
8
24
22
25
41
19
net #416,0 0 1 , o r 28 per c e n t ;
36
26
M e x ic a n
N a tio n a l
a lm o st I f
has e n la r g e d
its
ea rn in g s # 5 7 4 ,1 9 9 , o r 24 p e r c e n t ; th e M e x ic a n R a il
w ay #360 ,9 3 9 , o r 25 p er c e n t.
o n ly o n e ,
and
O f th e
e ig h t roads
th a t th e sm a llest o n e ,
n a m ely th e
M ex ica n N o r th e r n , has fa lle n b e h in d .
O n th e w h ole
e ig h t roads th e im p r o v e m e n t a m o u n ts to o v e r th ree
m illio n
d olla rs (# 3 ,0 8 7 ,6 6 4 ), o r a b o u t 26 p er c e n t , th e
fig u res o f co u rs e b e in g all g iv e n in M e x ic a n c u r r e n c y .
T hese
e x p a n d in g ea rn in g s
of
th e
tra n sp o rta tio n
h ig h w a y s o f M e x ic o are e v id e n c e o f th e c o m m e r c ia l
p rog ress a n d a c tiv ity w h ich th a t S ta te is m a k in g .
In
th is
of
m e rca n tile d e v e lo p m e n t
cou rse
th e
railw ays
have
b een th e p rin c ip a l e le m e n t— th o p rim e fa c to r .
W it h o u t th ese a ven u es o f c o m m e r c e th e c o u n t r y c o u ld
n o t have been o p e n e d u p , a n d its p rog ress m u st n e ce s
sarily have been slow .
O n in q u ir y , t o o , w e lea rn that
th e M e x ica n p e o p le are b e g in n in g
w ith co n s id e r a b le
fr e e d o m .
At
to
use th e roads
first th e y fo u n d it
d iffic u lt to a b a n d o n th eir o ld h a b its, w h ich m a d e th e m
r e lu c ta n t t o travel b y rail o r s h ip th e ir g o o d s iu that
way.
H ut th e m ost im p o rta n t fa c t o r in th e r e c e n t g ro w th
o f M e x ic o has b e e n th e w ise a n d sta te s m a n lik e p o lic y
o f P resid en t D iaz, an d th e e v id e n c e o f th e sta b ility o f
th e G o v e r n m e n t an d o f M ex ica n
in s titu tio n s
h is A d m in is tr a tio n has a ffo rd e d .
He
has fr o m
th e
v alu e o f fo r e ig n
c a p ita l in
th e
first r e c o g n iz e d th e
d e v e lo p m e n t o f
th e c o u n t r y ’s
w h ich
resou rces, has m ad e
e ffo rts to a ttra ct it, a n d has d e a lt fa ir ly a n d lib era lly
w ith
it
a ft e r it
“ S u n " ,’ in
a
so
w e ll-m e rite d
lo n g
had
th e
b een in d u c e d to
a r t ic le
a lrea d y
tr ib u te
to
th e
S h ip
p ilo te d
com e.
r e fe r r e d
G en era l
of
to ,
D ia z,
S ta te
The
pays
w h o has
in
M e x ic o ,
sa y in g : “ It is with p leasu re th at we re fe r to th e d e
v e lo p m e n t o f th e ra ilroa d and c o m m e r c ia l in terests o f
th e r e p u b lic o f M e x ic o ; and a b o v e a ll w e r e c o g n iz e in
it a tr ib u te o n th e jm rt o f th e c a p ita l a n d c o m m e r c e
o f th e w h ole w orld to th e h o n o r , th e e ffic ie n c y and
th e sta b ility o f th e G o v e r n m e n t th a t has b e e n crea ted
by th a t e m in e n t a m o n g th e sta tesm en o f th e c e n tu r y ,
G en . P o rfirio D ia z .”
In s e c u r in g in v estm en ts o f fo r e ig n c a p ita l, M e x ic o
has b een g rea tly h a n d ica p p e d in r e c e n t y ea rs by the
g rea t d e c lin e in silv er w h ich has ta k e n p la ce .
Its c u r
r e n c y b e in g o n a silv er basis, w h ile fo r e ig n
c o u ld
b e o b ta in e d
m en t in
o n ly o n th e
th e c u r r e n c y o f
ca p ita l
assu ra n ce o f repay
th e w o r ld , g o ld , th e re has
been a ste a d ily in cre a sin g loss th r o u g h th o co n v e rsio n
o f silver in to g o ld .
S o g re a t has been th is loss th a t in
th e final resu lt, as we have m an y tim es p o in te d ou t
in
th ese
w h ich
c o lu m n s ,
have o c c u r r e d
th e
g rea t
g a in s
in
h ave a v a iled little .
reven u e
It w ou ld
seem , h ow ev er, as if at le n g th a p o in t had n ow been
re a ch e d w h ere th e e ffe c ts o f e v e n th is d r a w b a ck had
been o v e r c o m e — u nless, in d e e d ,
th e
■hould tak e a fu r th e r d e c id e d
ev en ts, th e g a in s in net ea rn in g s
th e
M e x ica n In te rn a
tional #100,451. o r 26 p er ce n t, a n d th e M e x ica n N a
tion a l # 3 1 9 ,9 2 6 , or 36 p er ce n t.
CONDITION OF THE SOUTHFHN PLANTER.
H fnderson, Tfxas, July 1st, 1897.
C en tra l has a d d e d
m illio n d olla rs (# 1 ,7 2 8 ,7 8 8 ) to its e a rn in g s fo r th e first
The
W e have o n ly th e fig u res fo r th e five n? 'n th s to M ay
13
six m o n th s o f last y ea r, th e ra tio o f in crea se b e in g 36
p er c e n t.
137
p r ic e o f silv er
tu m b le .
A t all
th e p resen t year
New York Financial Chronicle, New York.
G e n t l em e n : I have been exam icirg with deepest interest
your very valuable and exhaustive Journal, and shall be glad
to renew my subscription if you will notify me when it ex pires. I must say your resume of the business interests of the
country is superb. I am glad to cote a prospect, though
possibly a little shadowy, of an early improvement in busi
ness, which may add somewhat to the prosperity of the
country.
(I.) Still 1 must, w th respect, disagree with your Eastern
people as to the means producing this effect, or the means
which may give prosperity to the country generally. From
ycur point of view this is indicated by increased earnings of
railroeds or other corporate a'oeks, etc. It must be remem
bered that the greater the aggregation of capital and concen
tration of the money of the country the poorer and
more distressed becomes the great body of the people.
Don’t understand me as one of the class who would create
war between capital and labor. I have fought this all my
life, and in the fr.eeof the tremendous opposition in my section
du irg tbe last campvgn I stood out fearlessly for the honor
of cur country and the integrity of our currency. Still I
cannot be blind to the facts of my surrounding*, and such as
exist here t re pretty g> neral throughout the South and West.
(2.) The situation dors not seem to have been undt rslood by
your section of the oountry before the la-t election, and if you
will pardon me for saying so, it does not seem to be under
stood yet. You don't seem to understand why our people
should be so discontented and so much dissatisfied with the
present state of affairs. If you will excuse me for so doing, I
will give you a few actual fact", and they illustrate the gen
eral state of affairs with us. Seventeen years ago I lifted a
purchase money claim for a gentleman against his land for
about 11,200. tie is an average good farmer and has raised
nverage good crops and still he has nt vtr been able vet to
pay off this claim. Now for the cause. Low price of cotton,
his being the only crop raised here that always commands
ready money. There are many other parties who owe me for
Isnd, or, rather, for advances with which to pay for land,
end cut of a business of twenty five years I may safely say
'hat not one out of ten has been able to pay for the land, ard
I have had to take a good deal of land on this account. Now
you may say the price of the land was too high. Not so, since
he price has not averaged over five dollars per acre. Those
who have been able to pay have done so by diversifying their
crops and stinting themselves and families to an unreasonable
degree. Onr population is nearly equally divided between
blacks and whites, and yet among the colored population you
till not find one in one hurdrtd who owns his own land.
Still, these people have been making large cotton crops for
•vtr thirty years. As above explained but few of our white
population have made the roomy farming with which to pay
for land, although it esn be bought now at |2 per acre.
(3 ) These facts prove incontestably that they are not pa'd
value for their labor or produce. With the most favorable
limate and good soil and indui-tty unsurpaes< d, and blessed
with average good health, our people are still toiling and
-'.riving to provide homes for their families, and notwith-tardirg the low price of the lands, they are unable to do bo.
What is to be expected of them under such circumstances ?
Ilow long, the question presents itself to me, will the people
tear up under such unequal condi' ions 7 While we see the
teports of the congtsted condition of the money market
up your way, a farmer with A1 collateral is unable to get
money at any rate of interest to prevent his land going under
the hammer. 1 have just such a case now. We—that is the
fow who stood with me for sound money before the last
election—told the people that it only needed to set
tle this question right and money v ould become more
plentiful and limes better. We have proven to be false
prophets and are laughed at for our s upidity. We thought
this would be so because with that question properly settled
we exptoted our money product, co ton, to go up; but it went
' he other way, and so money has been scarcer titan ever known
before in this section. Again the question presents itself—
can we censure these people if they contend for a currency of
any kind that will enable them to get bet er prices for their
produce ? I have about come to the conclusion that we canrot.
You w ill please excuse me for this intrusion, and I hope
vou will not take it as a comph int, hut pimply an t ffort to
THE CHIU)NI LE.
188
give you a very cu rsory view o f the situation as it is w ith us,
and if vou, through vou r valuable jou rn al, cou ld suggest
som e plan to better the con dition o f these people, you w ould
certainly be doin g our com m on cou n try a great good ; be
cause, as above stated, the people h ave b ecom e so restless
and w orn ou t u nder the existin g con ditions that we m a y
seriously ft ar fo r the stability o f ou r institutions if sim ilar
con ditions con tin ue fo r another decad e. W ith rtsp ect I am,
V e ry truly,
J, H . T u r n e r .
S t o <k E x c h a n g e C l e a r in g -H o u se T r a n s a c t io n s .— T he
su b join ed statem en t in cludes the tran sa ction s o f the S to ck
E xch a n ge C learin g-H ou se from d u ly 12 d ow n to and in cluding
F rida y, Ju ly 28; also th e a ggregates fo r January to June
inclusive in 1897 and 1896.
■TOOK HXOHANOR OLBABINO HOUSE TRANSACTIONS.
SA«re«, bath.tides.—, .-------- Balances, one side------ Sheen
Cleared. Total Value. Shares. Value Shares. Cash.Olearea
1 8 9 «8.400.000 1,445,000 6.876
967,700,000 1.614.200 8
January.. 15,298,500
0,201
01
6,,0
30
00
0,0
,00
00
01
1.,435634,8
,40000 6
February. 17,004,900 1,068,600,000 1,905,500 19
.811
1
6
,
6
7
5
,0
0
0
1
,
0
6
6
.
6
0
0
,0
0
0
1
,
6
X
1
,6
0
0
March....
00.000 1.233,300 6.468
00 98t.000.000 1,«80,1OO 9699..6
A.pr1
1...... 1140,.626991,2
5.732
100.000 923.800 6.367
.6
0
0
7
5
0
,800,000 1,122.000
May........
Jane....... 15.489.600 1, 132,400,000 1,591,100 95.900.000 1,325,500
Omos... 89.421.800 5,970.100,000 10,557,400 5:0.300,000 7.714.800 38.515
,------- Balances, one side.------->Sheets
Sharest both sides —Shares. Value Shares. Clash.Cleared
Cleared. 1 otal Val ue.
$
$
$
1S »75.900
January.. I2.0n0.700 778.000,000 1.425.500 74.900.000 1.068.900
S79.400 6.24^
Februury. . 10.223,600 709.500.000 1.096.500 59.500.000 1,559.200
March.... 1S.UI.000 1.270.700.000 1,916,700 H 3.200,000 1.334.000 7.1i»,
6.074
14 1-2,000 1.029.200.000 1,857,300 82.200.000
April.....
76,900.000 1.156.000 5.9)0
May....... 13.050,400 931.800.000 1,250,700
June...... . 22.559.200 1.737.580.000 2,501.000 153.629,000 1,604,100 7,116
Omos.. 90.157.500 6.456.780,000 9,547,700 590,829.000 7.632,500 37,449
$
$
1897—
s
290
73,400 4,800,000 46,200
July 12 . 665,800 54,900.000
273
45,300 4,501,000 13-^,700
“ 13. . 593,500 58,900,000
310
** 14. 932,900 81,500,000 101,600 7,400,009 77,600
308
“ 15. . 850.900 65,100,000 102,700 6,700,000 70,500
295
89,400 5,900.000 50,300
“ 10. . 709,000 58,300,000
Tot. wk. 3,752,100 316.700,000
Wklastyr5,248,900 337,600,000
July 19. . 855,400 60,600,000
“ 20. 1,431,500 112.300,000
•* 21. .1,026 300 82.100,000
“ 22. 975,000 76,100,000
“ 2 i. .1,539.800 103,400,000
412,400
499,800
110,500
176,500
120,300
121,400
202,000
29,300,000
27,000,000
6,900,000
11,509,000
8,100,000
8,000,000
11,700,009
383,300 1,476
471,900 1,578
307
65,600
338
159,400
324
53,000
59,000
327
112,800
343
Tot. wk. 5,828.000 433.500,000 730,700 46,200,000 449,800 1.639
Wk!astyr6,155.300 386,100,000 531.600 28,100,000 513,700 1,636
The stocks cleared now are American Cotton Oil common,
American Spirits common and preferred, American Sugar
common, American Tobacco common, Atchison common
and preferred, Baltimore & Ohio, Central of N. J., Chesaeake & Ohio, Chicago Burlington & Quincy, C. C. C. & St.
i., Chicago Gas,.Chicago Milwaukee & St. Paul common,
Chicago & North Western common, Chicago Rock Island &
Pacific, Chicago St. Paul Minneapolis & Omaha com
mon, Delaware & Hudson, Delaware Lackawanna & West
ern, Erie, General Electric, Lake Shore & Michigan South
ern, Louisville & Nashville, Manhattan, Missouri Kansas &
Texas preferred, Missouri Pacific, National Lead common,
New York Central, New York Ontario & Western, New York
Susquehanna & Western preferred, Northern Pacific pre
ferred, Pacifio Mail, Reading, St. Louis & San Francisco 2d
preferred. Southern Railway common and preferred, Tennes
see 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.______________________
E
P ft o t t je la r s 5 © a t t t m e i;c la l^ t x ja I is t t ^ e x a B
L o n d o n , S a t u r d a y , July 10, 1897.
[From our own correspondent.]
The obstinacy of the Sultan has caused a renewal of politi
cal appreheosions, and has thuB stopped the revival of busi
ness which had begun last month. Thinking that the Pow
ers were disagreed on important points, the Sultan has prac
tically broken off negotiations, insisting upon his right to
retain Thes-alv. O i Tuesday, Lord Salisbury in the House
of Lords admitted that this was the case, throwing the whole
blame upon the Sultan, repeating that the Powers are com
pletely in accord, and hinting that it would be necessary to
apply coercive measures.
The statement naturally made a bad impression upon the
Stock Exchange, hut its influence upon the Paris and other
Continental bourses was greater still, la the course of
W ed m sljy, however, it became known that the Russian
Government had sent a circular to the other Powers suggest
ing measures for hastening peace negotiations, and also that
the G >r;nan Ambassador in Constantinople had been in
structed to insist upon the border line fixed by the Ambassa
dors. In Constantinople the action of Russia is represented
as au attempt to forestall the other Powers, and especially
Great Britain. In London and Paris, however, it is believed
that the British and Russian governments are quite in agree
[V ol . LX V .
m ent, and that in fa c t the circu la r issued b y Russia w as
w h a t L ord Salisbury prepared th e H ouse o f L ords for on
T u esday even in g . H o w ev er that m a y be, the issue o f the
circu la r has m ad e a g o o d im pression.
It is believed every w h ere that w hen o n ce th e Sultan is c o n v in c fd that Russia is in earnest and th at G erm an y w ill n ot
support him against the Czar, he w ill g iv e w a y . There is a
rep ort a lready in deed that he has m ade up his m in d to ch ange
his ministers as the easiest w a y o f te stify in g his readiness to
subm it to the w ill o f the P ow ers. S till, u n til peace is a ctu a lly
c included, u easiness w ill con tin u e, fo r even if th e Sultan a c
cepts the bou n dary line laid d o w n b y the G reat P ow ers, th ere
rem ains ths question o f the in d em n ity , h ow it is to be raised
and h o w it is to be secu red ? I f the P ow ers w ill gu arantee a
loan, o f course it cou ld be easily raised at a very lo w rate of
in terest; but if they w ill n ot, n o b o d y w ill len d to G reece.
A n d w hether the P ow ers w ill gu arantee is n o t y e t k n ow n .
The riotin g io C alcutta is n ot regarded as o f serious im p ort
here. F o llo w in g upon the fa m in e, the d a m a ge don e b y th e
earthquake has been v ery great in deed all rou n d C a lcu tta ,
and the distress o f the peop le is th erefore severe, w hile it
is n ot to be forg otton th at th e m on ey m a rk et fo r m a n y
m onths has been e x ceed in g ly stin gen t, and has intensified the
great depression in trade. It is n ot surprising that there
should be a disposition to th ro w blam e u pon the G overn m en t
officials, even w here they are a bsolutely pow erless. B ut the
riotin g has begun ou t o f a pu rely religious q uestion, th e righ ts
and w ron gs of w hich are n ot u n derstood here. A h u t has
been rem oved, w h ich the M ussulm ans declare to h ave been
an old m osque, w hile the H in d oos say that it was n ot. W h a t
the real facts are n o d ou b t w ill be in qu ired in to, but it look s
n ow as if order was being restored b y the m ore en ergetic a c
tion o f the m ilitary authorities.
O w in g to the intense heat, the G overn m en t o f In d ia r e
m oves fr o m C alcutta to Sim la ev ery sum m er, a n d u n fo r
tunately the L ieu ten a n t-G ov ern or o f B en ga l, w h o is d irectly
responsible fo r the m ain ten an ce o f ord er th ro u g h o u t th e
great p rovin ce o f Bengal, in clu d in g Calcutta, has been a b
sent on a tour o f in spection. It w o u ld seem , th e re fo re , th a t
there was n o com peten t a u th ority presen t w h en th e rio tin g
began, that n o b o d y was w illin g to assum e respon sib ility , and
that the troops w ere ca lled ou t an d n ot used, so that th e rioters
g ot th e im pression th a t th e G o v ern m en t w a s c o w e d . O n
W ed n esda y, h ow ev er, th e m ilita ry authorities, fortu n a te ly
w ith ou t sheddin g b lood , m a d e su ch a sh o w o f fo r c e th at the
rioters dispersed in all quarters. R a in has fa lle n a b u n d a n tly
all alon g the east side o f In dia , a n d th ere seem s to be the
best grou n d fo r h opin g n o w that th e distress is ra p id ly c o m
in g t o an en d a n d th at the a u tu m n crop s w ill be g o o d .
U n fortu n a tely , the ra in is less ab u n da n t on th d w estern
side, esp ecia lly in the n eig h b orh ood o f B om ba y . B u t, a ppar
en tly, the en ergetic sanitary m easures taken and th e grea t
heat togeth er are b rin gin g the pla gu e to an end. A t all
events, the deaths b y pla gu e are ra p id ly decreasin g ev e ry
w eek.
Rain has fallen a b un dan tly lik ew ise in A u stra lia and there
appears to be no lon ger any d ou b t that the d rou g h t has
b rok en up.
In South A frica , the In du strial C om m ission has n ot y et r e
ported, but there are fears that th e quarrel betw een the
Transvaal G overn m en t and the ju d g es is g ro w in g m ore b itte r.
In U ru gu a y the G overn m en t troops have sustained a n oth er
defeat, and it is evid en t that th ey are u nable to cop e w ith the
in su rgen ts. T he proba b ility seem s n o w that the m a jo rity o f
the G overn m en t party w ill revolt against the President, a nd
that som e k in d o f settlem en t w ill be a rrived at.
M eanw hile, the stock m arkets are lifeless. P rices are fa irly
w ell sustained, b u t there is p r a c tica lly n oth in g d oin g in any
departm ent.
A cco r d in g to th e B oa rd o f T rade return s fo r last m ou th the
va lu e o f the im ports was £36,321,809, an increase o f £1,092,554, or 3 T per cen t, and tha valu e o f th e B ritish a n d Irish e x
ports was £19,039,997, a decrease o f £1,470,064, or 7‘1 p e rce n t.
The increase in the im ports is in live anim als, fo o d and drink,
metals, oils and ra w m aterials ch iefly . T he fa llin g o il in the
exports is ch iefly in yarn s a nd tex tile fab rics. B u t it is to be
recollected that the W h itsu n tid e h olida ys fe ll in June this
yea r and in M ay last y ea r, w h ich a ccou n ts f o r a con siderable
d eclin e in th e exp orts. A n d fu rth erm ore that th ere was a p u b lich o lid a y on the day o f the Q ueen’ s Jubilee p rocession and that
the J ubilee celebration s interrupted business o f a ll kinds. I f
I’fcfE CHRONICLE.
J U L Y 2 4 , 1SW7.J
139
The Bank rate of discount and open market rates at the
we compare May and June of this year with May and June of
last year there is a decrease in the value of the exports of chief Continental cities have been as follows:
about a million sterling, which is probably due to the Jubilee
July 9.
July 2,
June 25
Jum 18,
Sates of
celebrations, or, at alt events, is very largely due to them.
Interest at
Bank
Bank Oven
Open Bank Open Bank Open
All the other indications are favorable, especially the rail
Bate. Market Bate. Market Bate Market Rate. Market
way traffic returns are exceedingly satisfactory. W ears, Paris...
2
2
2
2
m
IH
IH
1M
S
3
however, threatened with a very serious iabor struggle. The Serlicu............ 3
3
•m
m
m
3
3
3
aw
3
m
m
men employed in the engineering trade in London have de_ dLamburj? ....
3
3
3
8
s'raukfort. ...
2H
2H
a«
rnanded a reduction of the working day from nine hours io \msterdam.... S
3
3
8
2
sM
ZH
m
2
3
3
2
3
2
3
eight hours at the same rate of pay. The employers have re 3rosesls.---- %
4
*
4
4
3M
3K
fused: and the men have struck. The employers, to cut off Cleans.. ..
it. Petersburg.
«
a
0
6
6«
m
5M
funds, have given notice of dismissal to 25 per cent of the rtHdrld.........
5
4
5
3
3
5
5
4
5
5
5
3
o
union men in several parts of the country and the union has Oan&nheucim... 5
»u
replied by giving notice of the withdrawal of all the other
The following return shows the position of the Bank of
men. The union is one of the most powerful and wealthy in England, the Bank rate of discount, the price of consols,
the country, and the federated employers are enormously &a,, compared with the last three years :
WB».
ISMS
1888.
irn.
July 7.
July?.
Jul-j 10.
strong. The struggle threatens, therefore, to be very long
X«f|U.
£
A
£
and bitter. Unfortunately all subsidiary trades wii! be
reolauan
......
.
8S.SMVJ-5 rt.6Ib.ir5 OT.678.WO 26,042,010
brought to a standstill; possibly many of them may strike out Poallo depooiu......................... S.050.4M 7.534,8+8 S.V7M19 7,508,548
Other depOitU ......................
12.0W.0P855.5JJ.7a7 +',578,875 36.693,338
of sympathy wish the engineers.
8oTanunent»eenritle,............ l:\.- 7 "7 MJMt.asl H,s9l,S70 12.870,088
The outside market has been able to pay off lire large bor OUier*eourtUe»......................... 3rt.001.SKI as.13l.07S 28.530.196 19.956,139
rowings from the Bank of England, which it made at the <H«er»9 0f note* and o .id....... 25.2.V1.617 37.077,701 87.507,506 »> 933.437
C oin 4 b u llio n , b o t h d e p a r t m 't a 36.71W.752
17.6S3.K I9
32.170.206
S8.50fl.3l7
end of June, without the slightest inconvenience. Indeed, on 0r<j®,r«aerv»to!i*bUUi8»,.p.c.
da
5S8-16
59 1-16
66 15-16
2
Bank
rule
.
.per
fw
.
t
t
4
some days this week it was almost impossible to lend sur
Croaols. 3H p«r bent.............. 118 U-M
U3Ji
107H
101 8-16
plus balances. The pressure at the end o f June was, to a SUvor ...................... ............. 17 M M .
SUfd.
30t«il.
ssjsd.
large extent, factitious. For example, the joint stock banks .ieermv-HoUfe return, . ... I W t t k H Hfl,«W,000 136.it,8 000 112.409,000
called in very large sums which they paid out on the first
The rate* for money have been as follow s:
and second of this month. Partly, it is due to such tem
Intorm ailomd
*p*n Market- Bate*.
porary movements as the calling in of money for the dte
for aepotit! bv
2
bursement of interest and dividends, which immediately
MIL.
Trade Bills.
5
rmc’t B'$$
bandm.
Joint
Hood the market. But, no doubt, the ease, has been accen
At 7 to U
Three
roar
StX
Thru
f
w
i
Six
'
Stock
1 Months |Voor^i \Months Month* Mrnths Horn •„ Banks. Call,
tuated by the recurrence of political apprehension.
Layi.
The silver market is exceedingly dull, and the value of Jim© tl
16-14*1, l-I» l«' 1-11-18 1%
% H
1H
m
H
*
money is rapidly falling in India. The B iuk of Bombay on . “ m *
tb.irt i n il
*
lM»l% m a n
H U
H
i-i i-ia
114
H H
IH tw i m
H
Wednesday reduced its rate of discount from 8 per cent to 7 j - ar. 2
Julr t S ! « « ■ » 16-W
1»
m
H
H H
154 lk®l54
percent. The usual day of meeting is Thursday. Why the
ft *1 «*-w i e m »t
Hi
lit
1S4 1V**W *
H
»
directors made the change on Wednesday is not easy to un
*1S-J«f*-!W.
derstand, unless they are in a hurry to prepare the market
M•***!■*. Pixley &, Abell write as follows under date of
for the issue o f the rupee loan o f 4 crores announced in the July § :
Gold.—The market hae shown no material change since our last, and
Budget. At all events, the beat opinion seems to be that this
supplies arc all taken for the Continent, excepting a few-orders which
rapid lowering of the rate, weekofter week, is too hurritd and have been filed for the Indian market. The Bank has received £!!>,is exceedingly ill-judg* d. The Bank of Bengal on Thursday <J«0, ant nothing has been withdrawn. Arrival*: Australia, £ 110,00j; Capetown. £173,000; Bombay. £70,000; West Indies, £20,000,
lowered its rate from 7 per cent to 8 per cent, making a total Total. £385,000. Shipment* to Bombay, £20,300.
Silver.—The market remained without change In price, and quite
reduction in four successive weeks from 10 per cent to 8 per bareol
supplies until to day, when, with strong Inquiry for cash sil
cent, which goes still further to convince the public that the ver, the price hardened to 27 H.d. The Indian price to-day is Its.
75M per lOu Tol <
Arrivals: New York, £120,000; West Indies,
market is being prepared for the rupee loan. In spite ot £9,000. Total. £ 12*1.000. shipments; Bombay. *00,200; Calcutta,
Total. £100.200.
that, however, the India Council has been able to sell its £10,000.
Mexican Dollar*.—Th<'-e coin have been in good demand, and as
drafts unexpectedly well. It offered for tender on Wednes much as 27*>i4. ha« been bid. Supplies are unimportant.'
The quotations for bullion are reported as follows:
day 80 lacs, and the applications were for somewhat more
than four times as much. The average price obtained was a
9ou>.
| July
July
July July
Hitves.
trifle under Is, 2J|d, per rupee. The amount to he offered next
C o n d o n S ta n d a r d . ,
8.
London Standard.
l.
8.
1.
week is reduced to 25 lacs.
7.
d.
rt
The “ Railway News” of London reports the traffic receipts Bar gold, fine. ...©*. 77 It** 77 I I -4 Bar stiver, line,. .or, 2711s« 27*16
i Bar gold, parting,or.
co
taln'g
for the week ending July 4 of 55 railways of the United ; Spantoh, Aid......«*. 7« OH
0‘v do 5 kth. gold.os. « j s16 28 *7r
277*
5«w................. os. 1 o l**
1H* do i gr-«. go/,1 os. 28
Kingdom which make weekly returns at 111,728,180, against
: t. .S.gold eotn. .os.70 5**
gH| do 3■iprs. gold.or, 27t»w 271?i8
£1,892,679 In the corresponding week of last year, an increase Gnrm'agoUteolB.oa. 7 6 3%
3 H Cake ettver......... os. a207«
m
29h
; Trench gold coln.oa.i70 m
b Mexican dollars.os. 27>« z m
o f £33,501,
The following shows the imports of cereal produce in to
The imports since January 1 have been m follow s;
tm'tm m .
Smmtmff .......
F&Brumry. . M
.r»
April
.. ...
H *y. . . . . . ...
....
1897.
£
5P.975.000
37,i-i5,UJ4
iO ,6 ^ ,U 4
36,130 A 55
30,321,009
0' mpuxha ...
1890.
M
38.473.850
33.34§i,**8'4
M
f !.,501,gJ2
-673,245
-f f 4}*$' iffO
+ 1*002,554
216,5031035
4*90$2f2 t l
T h u a x p orte iiio o ' ■/ ,n u iry i h a v e been m f o llo w * :
m m .
is m *
Dijftrr-nmA
A
fmmimry. ... .. . 10.703.373
m
F^mimry ... . . . 1?, i.twz
19.704,095
—1,939,413
. . . . . . .. . 2I,fi47,J0t
20, li*J,8Z3
4-I.l37.0 4.fi
April— . . . .... 19,70 ,182
Id. 150,227
> i,2 i9 r&05
W m w ........ ... 1:'.322.1 id
3
tfttaf,.,.
—1,470,064
0 Wmiitti
. tt?,-tt0.4:*S
119,1 *5,7 i »
Ptr Pi.
+ 3 PO
+ 4-(H I
—■! '87 j
+8 95
+31 0
lu m m o ce
iia-oxroitra.
iunuury . . . . .
*
4,177.825
Fntmiarj.......... >.224.133
M.»r- fi..........
5,*270,853
aprl- .............
Stay. — .... ..
Snm _____ ....
8 month*
jfflSM
A
:M08.384
5 A 17A m
D ifferem m ,
A
—828AS#
9,431,799
4M & M &
+ 084,731
- 1,020,1 m
4200*050
+812.821
32304,038
©,805,771
+2A60.907
7309,181
4.9549599
i.7i-,f 143
18115-6.
1804-5.
1893-4.
1,985.519
3,753.502
2,032,908
4.4 15,070
' *aporw<if«ho*t,etrs,38.rt32.!,»5o 579*38,310 02,796,900 54.780.778
• >n*y...... ....... ...19.200,150 UMI »,350 21,933,63 l 27,048.938
..... ................ 11.533.080 11.85-., 130 12,821.577 11.228,749
'« •*
............... . .2,«4*,»95
:!*»«!•,..... ............ 2.421,3 <1
2,191.130
2,*27,722
floor..... .............17,393,290 17,110,970 10.710,230 10,448,004
supplies available for consumption {exclusive of s to ck s o n
Per Ct. viptensber 1);
1893-4.
. _
1896-7.
1895-0.
1894-5.
—‘>•33 '< neat imparted, v t r t .& g .O 12,050 87,838,210 02.7 (1,900 54.780.778
+5'BA
+15*77
-7 * IS
Janu'
s*>»fc«ta of hour------17,49:1.280
‘
it . 110,970
10.71*1,230 16,448,804
»W»ot home crown.22,253,* *70 13,531,573 18,972.803 19,169,780
Total .................97.878,800 38,483,753 98,480,029 90389,102
1.vw,prhw
1*610-7,
wheat,W*tek,27«.
Average price, .-.•aaon..28-.
id.
8d.
1895-u
211. 94,
25». 1.1
1094-5.
28s.
2 d.
20s, £W.
1803*4.
24s. Id
29a. 7d.
The following shows the quant dies o f wheat, flour and
i«Lse afloat to the United Kingdom :
ary I show the following contrast:
1897.
IMCIIRW.
1898-7.
+ 4*12 I i:t-ll£n corn. ........ no.soo.oto 30,:*77,-770 31,814.874 31. M 1.687
~t*45
The re—•
*x ports o f fo r e igm a n d oolnuial■p r m
he United Kingdom during the first forty-four weeks of
he season compared with previous seasons:
P e r Ot.
—13*08
—7*00
+14*43
4*35'03
+4*30
+ 17*52
T h u tm to .
Wkeat ..... 78 1,000
fleur, equal r»Mif-.. . 180,000
Maine
...... n t h . . . <95 00-1
ta « l w m k i
795,000
185,000
;2 'nin
1990.
1,743.000
2:7,000
060.000
1895.
3,408,000
1BO, 000
464,000
ttiigllen f'liig in ifll ifnrheta—l*cr t able,
fhe daily - kistirg quuUUuim for stjounties, &o, at Loudon
+8*58 are reported by cable as follows for the week ending July 23:
THE CHRONICLE.
140
Silver, per ounce....... a.
3ondol«., new, 2% p.ote.
For account
Fr’oli rente8(ln Paris) fr.
Aten. Top. & Santa Fe.
Do
do
pref.
Canadian Pactflo..........
Chesapeake & Ohio.......
Ohio. Milw. <fc 8t. Paul
Denv. & Rio Gr., pref..
Erie, oomtuon...............
1st preferred..............
Illinois Central.............
Lake 8hore....................
Louisville & Nashville.
Mexican Central, 4 s . . .
Mo. Kan * Tex., com..
N. Y. Cer.IT A Hudson.
N. Y. Ontario & West'u
Norfolk & vVest'n, pref.
No. Pao. pref., tr. recta.
Pennsylvania..............
Phlla. & Read., per sh.
Soutli'n Railway, com..
Preferred.............
Union Psoldo.........
Wabash, preferred
Fri.
Thun.
Tuet.
Mon.
Sat.
L ondon.
27%
112 k
279,6
112%
104-85
13
25%
67%
17%
87%
43-Ti
WA
34
100
174 *
53
71%
1318
104 kj
16%
29%
42
54H
04-67%
13%
2d3g
C8
17%
88%
44
15%
35%
101
174
53%
71%
13%
104*2
16*4
29%
42%
54 %
04-67% 104-8o 104-85 104-87%
13%
13%
13%
13
2«% 26%
26 >4
26*4
70%
70%
61)
68%
18%
18% 18% 918%
0%
89%
88%
89%
44%
44% 44
43%
15%
15%
15%
15%
37%
36
36%
36
101
101% 101% 102%
174
174
174
543s
53%
53%
53 %
72
72
72
72
14%
13%
13%
13%
104%
104%
104% 104%
16%
16%
16%
16%
29%
29%
29%
29%
43%
42%
42%
43
54%
54%
54%
54*2
12% 12% 12%
12*8
9%
9%
9%
9%
31%
30%
30%
30%
7%
6%
6%
6%
15%
15%
15%
15%
12
9%
12
9%
30 %
30*4
6%
14%
6%
15%
The following table shows the exports and imports of specie
at the port of New York for the week ending July 17 and
277is 276is S76ie since January 1, 1397, and for the corresponding periods in
112lSi0 U2l%s I 4 2 l 3 1g 1896 and 1895:
1121310 112% 112%
27%
im i
1121-10 11213,8 11213,.
[Vol. LXV.
©onxuxcvcialatxd iytiscellauecrtxs gpw»
EXPORTS AND IMPORTS OF SPECIE AT NEW YO R K .
Frvortif
Imports
Gold
If!
$979,660
11,469,938
10,530,000
467,227
30
161,667
4,300,
750,200
Great Britain..........
France....................
Germany.................
West Indies............
M exico....................
South America___
AJl.other countries
Total 1897..
Total 1896..
Total 1895..
W eek .
'knee J a n . 1.
W eek .
$112,616
10
$22,175
13,960
1 6 ,7 9 4
Great Britain..........
France......................
Germany.................
West Indies..............
Mexico.....................
South America.......
All other countries.
$ 1 ,9 7 4 ,6 4 0
1 8 , 6 3 3 ,6 5 6
2 1 ,5 4 2 ,0 8 2
Imports.
Exports.
W e ek .
1,229,935
79,491
381,947
170,641
$5,141
17,034
$1,300 $24,358,722
3,341,978 45,686,451
1.531,273 36,370,915
Silver.
Since Jan. 1.
Week.
S in c e J a n . 1.
$768,606 $24,375,681
638,000
5,750
193,223
500
134,947
1,541
Since Jan.l.
$51,661
1 .3 2 0
2 .3 2 1
1 4 8 ,7 4 8
7 6 0 ,6 0 6
5 1 2 ,7 8 3
2 6 ,1 9 0
11,196
41,307
2,820
Fort iiGN T rade of New Y ork—Monthly Statement.—In
$55,324 $1,503,629
$768,606 $25,349,642
Total 1897.
1,096,850 27,888,533
1 ,4 1 1 ,5 8 0
62,788
Total 1896.
addition to the other tables given in this department, made
19,655,614
42,601
1 ,0 4 1 ,1 6 4
826,112
Total 1895..
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House,
Of the above imports for the week in 1897 $1,300 were
The first statement covers the total imports and exports of American gold coin. Of the expor.s during the same time
merchandise and the Customs receipts for the twelve months $4,300 were American gold coin.
of the last two seasons.
■a:.1
, , .......r 11
____:
:
1 1 ....... . — -----n
Me r c h a n d is e Movem en t
Month .
July . . . . . .
A v g u a t.......
B«ptemb«r..
Oet#b*T ..
Korea* ber..
D o o o a b e r ..
January ...
•February...
M arch .........
April ........
R . y ............
J u n e ............
Total...
Imports.
at
N ew Y o r k . C ustoms re c e ipts .
AT NSW YORK.
E xp orts.
1890-97.
1895-90.
1896-97.
t
39,254,119
32,294,914
32,649,399
83,139,146
82,438,174
38.263.417
34,415,116
38.974,041
46,878,360
59,939.248
43,951,475
49,074,612
1
47,012,803
43,938,854
41,697,882
43,975,928
89,586.301
40,326.020
44,795,519
40,981,021
42,285,571
37,918,059
35,638,091
36.507,351
1
30,830,037
28,030,172
30,405,166
35,486,789
32.620.560
35,741,707
33,107,694
30.318,791
31,532,480
31,412,368
31,959.887
33,792,998
1895-90.
1896-97.
S
t
25,813,459
8,259,048
26,485,213
8,450,766
20,573,666
7,621,220
7,163,420
31,775,858
0,<140,183
29,723,271
32,108,201
7,285,290
33,801,742
7,705.400
27,377,902
8,359,780
30,003,815 17,579,033
29,P29,S52 17,711,803
29,802,948
9.002,276
30,823,094 14,728,789
1
10,034,765
10,299,018
9,756,892
9,299.378
7,703.431
8,819,902
10,424,675
10,077,443
9,320,014
7,584,037
7.360,059
7,213,322
480,294,024 499,123,4 0 391,988,029 351,276,141 120.603,108 108,493,530
G old M ovem en t
Im ports.
1890-97.
1805-90.
t
July..........
359,947
3,500,086
A u g u s t.......
S e p te m b e r . 30,735,333
O ctober. ..
23,133,791
N ovem ber.
4,016,890
D ecem ber
159,887
J a n o a r y ...
201,329
F eb ru a ry..
286,162
M a r c h .......
000,361
A p ril...........
299,634
M ay.............
307,050
J u n e ............
389,826
Sil v e r - N
a t n e w YORK.
E xp orts.
?
$
298,097 , 8.908.S76
1,234,107
50,590
600,240
47,805
1,520,438
99,839
180,456
483,201
803,868
181,095
7,217,055
302,281
9,792,490
323,131
280,107
507.687
700.757
0,507,002
222.988
9,453,197
378,885
7,313,203
ew
Yo rk .
Im ports.
Exports.
1895-90.
1896-97.
1896-97.
$
2,210,378
10,295,750
10,479,509
1,580,195
13.9S-2.00l3
14,815,695
10,538,473
1,909,180
304,605
3,272,677
18,685,454
5,875,013
*
1,191,471
394,000
709,695
874,738
800,016
858,572
956,934
800,531
845,455
928,104
1,074,185
1,518,054
5,063,409
4,896,384
4,898,377
4,507,671
4,391,886
4.501,881
3,421,002
3,762.206
4,233,532
4,450,620
3,685,332
4,309,837
18G0-97.
A sk .
B id.
1895-96.
The imports and exports of gold and silver for the twelve
months have been as follows:
Month .
City Railroad Securities.— Brokers’ Quotations.
5
A tla n . A r e ., B ’ k ly n —
C om. 5s, g., 1931 ..A & O
I m p t . 5s. g.. 1934 J& J
B l’ e ck . S t.& F u l F .—Stk.
ls tm o r
7s, 1 9 0 0 .J & J
B ’ w a y & 7 th A v e .—S t o c k
1 s t m ort.,5s, 1904. J & D
2 d raort., 5s, 1 9 1 4 .J & J
B ’ way 1st, 5s, g u a r. 1924
2 d 5 b, hit. as re n t’ 1.1905
C on sol. 6s, 1 9 4 3 ...J & J
B r o o k ly n C ity—S t o c k . . .
C on ml. 5s, 1 9 4 1 .. J & J
B k lv n .C r o s s t’n 5s. 1908
B k l’n Q ’ n s C o .& S u b .ls t
B k l’n C .& N e w t ’ w n —S :k
5s, 1 9 3 9 .............................
B r o o k ly n R a p id T r a n sit.
5s, 1 9 4 5 .................. A & O
C e n tr a 1 C ro s s to w n —S tk .
1 s t M ., 6s, 1 9 2 2 ..M & N
Cen. P k .N .& E .R iv .—S tk
C on sol. 7s, 1 9 0 2 ...J & D
C o lu m b u s & 9th A v o . 5s.
C h rist’p ’ r& 10th St.—S tk
1st m ort., 1 8 9 8 ...A & O
B id.
D. D. E . B . & B a t’ y —Stk. 155
104
1 s t ,gold , 5s, 1 9 3 2 ..J& J 115
§103
80
S c r i p .................................. §101
77
E ig h t h A v e n u e —S t o c k .. 320
33
30
S crip , Gs, 1 9 1 4 ..... ........... 100
§106
108
205
4 2 d & G r. St. F e .—S to c k 320
202
109
42(1 St, M an. & St. N . A v .
§106
85
112
§109
1st- m o rt. 6s, 1 9 10.M & S §116
118
2d m ort. in c o m e 6s. J & J
66
su e
K
in
gs
Co.
T
r
a
c
.—S
t
o
c
k
..
§104
108
43
L e x . A v e .& P a v .F e r r y 5s 119 34
119*4 120
191 *8 192
M e tro p o lita n T r a c tio n - - - 111
N assau E le c , 6s, 1 9 4 4 ...
93
ll5 * a 117
106
108
N . Y. & Q u e e n s Co. 5s, 1946
102
103%
S te in w a y ls t 6s.’ 22 J & J 113
160
N in th A y en u e— S t o c k . . . 160
112
§110
S e c o n d A v e n u e —S t o c k .. 128
35
1st m o r t.,5 s ,1 9 0 9 .M & N 108
35*3
9 0% 91
D e b e n tu r e 5 s ,1 9 0 9 . J & J 102
198
S ix th A v e n u e —S t o c k ___ 190
§115
T h ir d A v e n u e —S to c k . . . 150
172
178
1st m o rt..5 s , 1 9 3 7 ..J & J 122
113
115
T w e n t y -T liir \ S t.—S to c k 300
D e b . 5s, 1 9 0 3 .................... 103
119*3 120
155
160
U n io n B y —S t o c k ...........
101
104
1st 5s, < 9 4 2 ...................... §106
W e s t c h e s t ’ r, 1st, gu .,fis §100
A sk
165
117
103
325
105
340
45
118
69
45
111%
95
115
170
132
109
105
195
151
124
103
§ A n d a c c r u e d in te re s t.
Gas Securities.— Brokers’ Quotations.
G A S C O M P A N IE S .
B ’k ly n U n io n Gas—S tock .
B o n d s ........................ ........
C e n tr a l...... ..............................
C o n s u m e rs ’ (J e r s e y C i t y ) .
B o n d s ...................................
J e r s e y C ity & H o b o k e n ...
M e tro p o lita n —B o n d s .........
M u t u a l (N . Y . ) ....................
N . Y. & E a s t R iv . 1st 5s..
P r e f e r r e d ............................
C om m on ................. .............
C on aol. 6 ........................
B id.
A sk .
117
113*4
210
75
101
185
105
248
112*3
115
88
105*3
117%
113%
......... I
80
103
195
B id. A s k .
G A S C O M P A N IE S .
P e o p le ’ s (J e r s e y C ity j . . . . 16U
W illia m s b u r g 1st 8 * ......... 102*#
105
E q u it a b le ............................... 240
B m ds, 6s, 189 9 . . . . . . . 103
St. P a u l ................................... 45
B o n ds, 5s.
...................... 70
252
Stan d ard p r e f ........................ 120
113
109
C om m on ........ ................
116
W e s te rn G a s ........................
76
B on d *, 5 s ............................. 100
89*2
107
170
245
105
52
77
122
110
77
101
Auction Sales.— Among? other securi ies the following, not
regularly dealc in at the Board, were recently sold at; auction:
Imports and Exports for the W eek ,—The following are
By Messrs. Adrian H. Muller & Son.:
the imports at New York for the week ending for dry goods
Shares.
Shares,
July 15 and for the week ending for general merchandise
2 Sunday Creek Coal Co.,
4 0 0 B u ffa lo S c h o o l F u r n it u r e
uly 16 ; also totals sinoe the beginning of the first week in
preferred......................... 19%
Co........................... $80 per sh.
January.
4 Sunday Creek Coal Oo.,
T o ta l...
64,080,286 23.135.088 34,142,067 100,008,990
For week.
Dry gooan.......
Gen’l mcr’dlee
1887.
1896.
$2,376,518
6,970,127
$2,198,706
5,613,137
$9,355,615
Dry goods....... $85,099,837
Gen’I mer'dise 221,841,377
T otal........
Since Jan. 1.
11,801,845 52,202,402
1895.
1894.
$2,819,806
6,717,759
$1,756,679
9,104,387
$7,811,848
$9,537,565
$10,861,006
$03,988,808
193,515,215
$79,429,810
201,271,526
$44,409,114
189,649,053
Total 28 weekB $800,911,214 $257,484,023 $280,701,386
$234,058,167
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 19 and from January 1 to date :
common..........................$1 lot
80 Pkenix National Bank.. 107
200 Eastern Elevator Co.72*a-73*a
100 Canad’n OfficeandSoliool
Furniture Co....... $30 per sli
Bonds.
$1,000 Knickerbocker Phos
phate Co. 6s, 1914............*10 lot
$1,000 Northern Gas Light
Co. 1st fa, 1907.................... 101
| 5atxkixxg and IfiattuxiaT
Spencer Trask & Co.,
BANKERS,
2 1 Sc 2 9 P I N E S T R E E T ,
.
.
.
65 State Street, Albany.
IN V E S T M E N T S E C U R IT IE S .
G eorge B arclay M offat.
1897.
For the week..
$9,024,745
Prev. reported 211,696,375
1896.
1895.
1894.
$6,935,337
201,050,445
$5,380,383
177,379,195
$7,241,1,77
193,042,129
Total 28 weeks $220,721,120 $207,985,782 $182,659,578
$200,283,306
NEW YORK,
M
A l e x a n d e r M, w h it e , J r
& W
BANKERS,
o f f a t
No. I N A SSA U S T R E E T ,
IN V E S T M E N T
-
h i t e
-
,
NEW YORK
S E C U R IT IE S .
THE * HKONICLE.
J uly 24. lss>7.(
14 L
Posted rates of leading bankers follow :
J U n k e rs '
(J ia a c tte .
July 23.
DIVIDENDS.
( t a i l r o a d * ( S t e a m .)
l a g s Erie £ West prrf. (IJOar.)..
. B a n k ,. ,
B a as I R iv e r .................................
P .elBe iqvar.)...................................
r u * t C o m p a n ie s .
Hamilton, Brouklyn (quar } ........
F ir e I turn r a n e e .
Broadway..... ................... ................
R u y c n ....... .......................................
n ta e r lla a e e u a .
Blaet wet.’aD ut h *m Tuba ceo___
Mtinu-t at Q s, Albany inuar.i..
Pro, ter .* Dan ble, c i r a v t ........
P ul es u’s Paiw e <'ar fquar.S----Wmluoxton |D, 0 } G ab 1.. (qr.l.
2%
IN
S ep t
Aug.
6
3
3
2
Aug.
Aug.
Aug.
Aug.
2
2
I
2
Aug.
A Of.
A n *.
Aug.
2
1
1
1
2
3
Aug.
2 July 2 7 to Aug.
1
Aug.
Amr.
2 !Jnir 24 to Aug
2'J ulv IB to i n *
2
)
!
2
0
2
2*2
Aug.
-AU*.
A il*.
‘All*.
1 Aug. 10 to Sept, 15
14 A ug. 1 to Aug. 15
2
14
16
2
July
July
July
July
23
25
21
21
to
to
to
to
July 26
AUg. 1
Ail*. 3
July 18
to
to
to
to
91.
The KoaejrXtrkei ami financial Situation.—-The m st
important events of the week affecting business in Wall
Sueet were the report of the Tariff Conference Committee on
Saturday and the passage of the bill by the Lower H< use of
Congress on Monday, That it wilt soon pass lit© Senate and
become a law there is no doubt and thus one of the diaiurttng factors of recent month® will be removed.
Belief that* he provisions of the bill relating to sugar are
favorable to the refining industry in this country and that
isrge profits will be realized from the supply of rawsugits
now on hand caused an unusual demand for shares of the
Americao Sugar Refining Company early in the week. In
response to this demand the price advanced to over eleven
poiu’a above it previous highest record, which was in F>-h
rtary, 1893, Naturally there has been some reaction in Hi
st* ck but Its tnovem-nt caused a sympathetic advance in
otter industrial shares, and indeed was felt in all departtn>ms at the Suck Exchange,
A feature of coSridt-raM® impoittrce to the ei tire cout.try
is the current foreign demand for wheat. The preset t prinpc< t mtreeilet t fer a large spring, wheat bam ®l snd a ready
market at good prices, she effect® of which are not likely to
be over-estimated.
In (his count ctioa it is interesting to note that with the ad
vance in wheat to t ht ut twenty cents per bush, 1above the price
at the cot responding period last year the price of silver bt»
this we* k made its lowest record. These facts will n.ovseitate
a revision Of one of the pet theories of the advocates of tr e e
e ilv tr cotnsge. Not only is the crop outlook promiring, 1ut
from r<cent developments the indications are that we shall
reap the bent ft s of adding largtly to lb® worlds supply of
gold durirg the presett decade. Gold to the amoui t
of $1,300,000 has been engaged for expoit, $800,000 of which
will be shipped to morrow, but none of it will be taken from
the Sub Treason?.
The open market rates for call loins on the Shook Ex
change during the week on stock and bond collaterals have
ranged from 1 to IQ percent. To-day's rate on call was 1
per cent. Prime commercial paper is quoted at 3Q to 4 per
cent.
The Bank of England weekly statement on Thursday
showed an increase fit bullion of £111,694 and the percentage
of reserve to liabilities was 50-59 against 49*88 last week; the
discount rate remains unchanged at 2 per cent. The Rank of
France shows an increase of 3,500,000 francs in gold ami
6 6 0 .0 0 0 francs in silver.
The New York City Clearing-House banks in their state
ment of July 17 showed an increase in the reserve hell of
$8.0*71,700 and a surplus over the required reserve of $46,038,900, against $41,361,375 the previous week.
1897.
Capital,........... .
gurpitif*...................
Leans -A dlne’n u
Otrm lattou. ......
K et d e p o d u ___ _
S p e c ie ....................
Legal tenders.. . .
Baserve hetd........
la m
*9 ,0 2 2 ,7 0 0
7 4.S 30.900
531 .1 5 i . 100
13,641.200
6 1 3 .2 0 -.2 0 0
91.231.20*1
1 0 8 ,1 2 2 .5 0 0
1 9 9 ,3 *3 .7 0 0
1 5 3 .3 1 6 3 0 0
miTeren’efPm
free, week.
$
........... ...
.................
I n c . 3 8 7 ,8 0 0
D « , 141,700
fu e .5 ,5 8 4 ,7 0 0
Ino. 720 ,0 0 0
In o .5,3 4 5 ,7 0 0
In o .6 ,0 7 1 ,700
I n c .1,396,175
40,080*000 fne .4 .0 7 5 3 2 5
1800.
July 18.
1895.
July 20.
6O.022.7Oo! 6 2 ,6 22,700
7 4 ,0 7 5 .7 0 0 72 ,8 0 2 ,7 0 0
4 7 9 ,5 40,900 5 0 6 ,9 16JSO0
14,689,4s 0; 13*238,200
5 0 5 ,9 9 1 .1 0 0 568,31 8 .3 0 0
6 3 ,3 8 3 ,4 0 0 , 6-L369,300
8 9 ,9 3 7 ,4 0 0 110.201,400
148,370,800! 160*670,700
120.49 7 ,7 7 5 142,079,£75
21 ,7 7 3 ,0 2 5
New York at the under-mentioned cities to-day: Savannah,
buying 1-18 discount, selling par; Charleston.' buying par,
selling 'a premium; New Orleans, bank, $1 00 premium;
commercial. 75c. discount: Chicago, 10c. per §1,000 pre
mium; St. Louis, 40c.(i85c. per §1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $81,000 4s, coup., 1925. at 123; $5,500 4s, reg.,
1025, at 1341st §18.000 4s, coup., 1007. at 1V><4 to 118«;
$8,500 4s, reg.. 1907, at Ill's to 112, and $1,000 5s, reg., at
1.3?g. The following are the closing quotations:
A n *. 2
Ail*. 14
A n*. 10
Aug. 1
W A L L S T R E E T , F R I D A Y , J U L Y • « , J S B T -.I P.
July 17.
9
Demand.
4 87
4 88
4 854a » 4 8fi
4 8 5 k ® 4 85i®
5 1 0 % ® 5 16** 5 1415,6® s 15
Amsteulaui (guilders) bankers................... 4u3 K® ) 0 q
4 0 % ® 4 0 4 .8
Frankfort or Bremen (relchm;. rS,s) b'kers 935 6® 9 5 %
9 5 % 9 9 5 p ,g
Per
When
Books closed,
Gent* Payable. (Days inchisire.)
Kami of Company.
Sixhj days.
P-ime bankers’ sterling bills on London.
39,401,125
Foreign Exchange.— T he foreign exchange market, which
was quift ai d steady to firm during the farlr part of ibe
w*;*k, has baldened t<v - rd the cfost. The demand ia reported
to have bten inen attd somewhat by sales of stocks for foreign
/ ccot.nt.
To-day's actual rates of exchange were as follows: Bankerr*' sixty days' sterling. 4 86^w4
: demand, i 87J4@
H7U cable*, A g ?| $ i4 Ilf.
~
f
|
Interest July : July July July July July
17.
19.
20*
21.
22.
23.
q - Meli. * 9 6ia ,’ 96 % * 96>a * 90447 97 % • 98
112
I l l ’ s; 112
Q .- Jan
•1115®
Of-Jfiti * U 2 ‘®-112>a 113% •1n1 2i 1V1 *a1i1s2® *.ll2t4
Periods,
2 s ,........................ reg.
4s, 1907 ............. reg.
is, 1 9 0 7 ........... coup.
4s, 1935 ..............re*.
4*. 1 925........... eoup.
5a, 1 9 0 4 ......... re*.
5*. 1 9 0 4 ........... coup.
6s, eur’ey, ’9 8 .. .reg.
6s, etifey, ’9 0 .. .re*.
. ■ ll ' B
'W f W
4*. id le r il-.i-J re*.
4 -F e b .
Q .-P e ti.
Q ,-F e b .
q. - Fen.
S. A J.
J. tt J.
M a c li.
March.
124% •PAT’h -1 2 3 %
’ 124’ - *1 3 4 ’ ® 135
*1I3®8,*1I3V * U 3 A
*114% *11 I t , * 1145a
'l o i u j i u o i q , *10Cv
*U)4i3
*102 1*102 * 102
*103 1*102 *102
*128% i*123% *123%
125
-1 2 4 % 125
11353,-113% •113%
• i l l ' s - n t's *1145®
*101 V>I*1U1>2 * 1 0 1 >3
nO-riaMO-t !2 ♦lOtia
'1 0 2
*102 ,*102
*102 1*102 •102
" This Is tiie i-rico but a.4tile morning board; no «utc was made.
UnLi tl Mute* Sub-Treasury,—The foila viog table snows
the dailv reccin'® and payments %< the 8*ib-Treasnrv :
Balances
]
f
Date. Receipts. Payments.
,. f„ n
oinSerfs,j Currency.
J o ij 1.7 ;
« m
**
<♦ 21
*' 22
23
S
2,563,501
5 ,2 0 1 .cor
4 ,8 04,277
3 .2 6 1 ,3 7 0
2.879.801
4,120.173
4 ,0 0 7 ,7 6 6 i1 5 2 ,9 4 2 ,2 4 1
3 ,3 3 6 .9 1 9 ' 52.0O8.Os9
3.607,59 3 -1 5 2 ,6 2 8 ,4 24
3 182.330 1 5 2 ,6 4 9 ,(0 6
3 ,0 7 9 .3 4 2 15v, 0 7 3 ,1 8 8
3 ,4 9 0 ,2 3 0 1- 2,010,571
1,883,039
S ,1X9,600
2 ,4 4 7 ,0 7 7
2 ,3 91,911
2 ,4 93,941
2 .5 8 0 .4 9 9
$
5 3 ,0 7 3 ,9 9 8
65,41 0 ,2 9 0
511,465 149
6 6 ,5 7 8 ,1 7 3
5 6 ,2 8 8 ,0 2 2
5 0 ,: 3 4 ,0 8 2
T o ta l.. i 23,210,732- 2 0 ,7 0 4 ,1 8 8 ;............
Coin-,- Following are the current quotations in gold for
coir®:
soverolgns........ ft 88 -'ft 91 Floe Silver bar*.. — 59%a> —- COtj
Five frauiw........... — 94 <r — 9 0
Napoleon*,,. . . . 3 88 rc 3 92
Mm lean dollars.. - W V s - 4 7 %
X X Halchmarks. I 7H it A »2
Peru vino Hi»la-----— 42 -a — 1 3 %
2,1 Peseta*. ......... 4 78 <
* 4 80
Sean. D oubloons.i5 50 * 15 70
English silver__ 4 95 a> 4 90
U. A trade dollars - 00 a*
75
Me*. IlooblootiK 15 50 <il*> 7 0
F la* gold b a m .... p & r a tjp r e m .
Slate and Railroad Bond®.—Sale® of State bonds at (be
Board are limited to $27/00 Virginia fund, debt 3-3s of 1901
at 64! j. $7,000Tennessee settlement 3s at 83 and $5,010 North
Carolina 4s at H*3!£.
In the market lor railway bonds the volume of business has
continued good ard fairly well distributed, although on
account of the limited offerings <f high-grade bonds a large
proportion of the business is in low-priced issues. Of the
active iist ihe most notable advaco a have t een made by
Central of Georgia consol, 5s, Missouri Pacific, Missouri Kan
sas & Texas, Oregon Improvement, Erie, Chesapeake & Ohio,
Union Elevated, Brooklyn Elevated, Brooklyn Rapid Transit,
Detroit Uss and Standard Hope & Twine bonds. The active
list includ* - also Atchison, Burlington & Quincy, Rock Island,
Milwaukee & St. Paul, New York Susquehanna & W. stern,
N- rthern Pacific, Oregon Short Line, Reading, Rio Grande
Western, St. Louis A San Francisco, Han Antonio & Aransas
Pass, Southern Railway, Texas & Pacific, Union Pacific and
Wabash bonde.
Railroad and Miscellaneous Stocks.—The stcck market
ha® been ui usually active and t tinyant this week, a fact that
is due chit fly to the progress which has been made with thrill
h gialation. American Sugsr led in the movement with an
advance of over 10 per cent on Monday and a further gain of
nearly 3 point® on Tuesday, which carried the price up to
146J*. The transaction® in Ihis s ock alone were over 193,000
share® during she two day® mentioned.
Chicago Gaa has also been exceptionally strong, showing a
net gain of 4 point® on liberal tram-action®. National Lead has
advanced 4J£ point® on expected benefits to the business of
the company from the new tariff schedules, American Spirits
and General' Electric have developed a new activity, and the
former has gained about 2 point®. Bro< klyn Rapid Transit
has also been a prominent feature, and, with Western Union
ar d American Tobacco. c!< *•» with a substantial net gain.
Of the railroad list the grangers have been most prominent,
and in many caws the highest quotations of the year have
been recorded, St. Paul and Rick Island have been the
favorites, Males of the former for foreign account have been
r<adiiy absorbed and the price has advanced 3’4 points to
Rock Island baa been in demand on traffic prospects
arid cloaca with p net gain'd Trig points. Under improved con
ditions in the Southwest, Missouri Kansas dr T* xas common
and prefemd and Missouri Pacific have advanced from 1 to
3U points. The coal stocks have oontii u“d strong. Reading
let preferred has gaiued %}$ points, and others of the group are
an average of a point or more higher than last week.
THE CHRONICLE,
141
NEW YOKE STOCK EXCHANGE—ACTIVE STOCKS for
week ending JULY -i'i, and tinee JAN.
HIGEIEST AND 1,OWE8X PRI OE8.
Saturday,
July 17
Monday.
July 19.
Tuesday,
July 20.
Wednesday,
July 21.
Thursday,
July 22.
[VOL. LXV.
Friday,
July 23.
STOCKS.
1, IS97.
Sales of
Range for year 1897.
the
[On basi8 o f ioo-»hart lots.
Week,
Shares.
Lowest.
Highest.
A c tiv e it I t. s to c k ,..
8,726
Atchison Topeka & Santa Fe.
9% Anr. 19 13% July 20
-D O
Pref- 49,508 17 Apr. 19 26% July 19
1,920
Baltimore <fe Ohio....................
9 .1uly 10 18 Jan. 8
nrookiyii Rapid Transit........ 65,995 18% Jan. 7 35% July 23
3,555 46% Mar. 29 69% July- 22
Canadian Paeitlo....................
4,620 44% Jan. 13 51% alar. 17
c-anaaa Southern....................
central or New Jersey......... .. 12,245 6R% May 24 103*4 Jam 19
Central Pacitin
_________
Chesapeake & Ohio................. 11,382 15% Mar. 29 18% Mar. 15
17*4 17%
17% 17%
1 §117 July 22 §170 Mar. 1
Chicago & A lton......................
88%
Chicago Burlington & Quincy 117,012 69% Jan. 5 88% July 23
83% 84% 84% 85% 84% 85*4 84% 80%
45 Chicago & Eastern Illinois...
*40
4ft
*40
45
37% June 7 45 Mar. 13
*40
45
45
*40
99
Do
pref.
*95
99
*95
99
99
§95 Jan. 8 101 June 26
*95
99*9 *95
10
10 %
10% Chicago Great Western......... 61,161
9%
10 % n %
3% June 23 11*4 July 20
83*
9*8 10%
88% Chicago Milwaukee <teSt. Paul 200,922 69*4 Apr. 19 88% July- 23
86% 87% 86% 87% 86% 87%
85U 86%
942 130% May 6 141 July 22
Do
pref.
1416a
*140% 141 5140% 141% 5141% 141% 140% 140%
14,799 101% Apr. 19 118% July 19
118*1 Chicago & Northwestern___
116% 117%
117% 118% 117% 118% 116% 118
100 153 Jan. 12 165 July 13
Do
pref.
121,928
80%
78
76% 78
60% Apr. 19 82 July 23
80% 82 Chicago Rock Island & Pacific
75 % 76% 75 3i 77% 76*4 77
66%
20,390
Chicago
St.
Paul
Minn.
&
Om.
65%
65%
65%
66%
66%
47 Jan. 2 66% July 23
66*9
65*9
66%
653*
65
65%
..
Do
pro/.
133% Jan. 18 145 June 25
*145 148 *145 148 *145 148 *145 148 *145 148 *145 142,920 21% June 1 33% aiar. 17
28
28% Cleve. Cinoin. Ohio. & St. L ...
26% 27
27% 28
26% 27
27
27%
27
*26
Do
pref.
4,084 99% Apr. 1 121% Jan. 6
n dU 112 % 112% 112*2 11 -*8 112*9 113 113% 113% 113% 113**8 113% Delaware <feHudson................
1,010 146% May 20 158% July 2
157% 157% DelawareLackawanna&West
157% 157% 158 158
157% 157% *157 158
*1034
200
*11
12 Denver <fe Rio Grande______
12*4 Jan. 19
1 1*9 11 % *10%
11% 11%
Do
prel
1,310 36 Apr. 20 43% Feh. 1
44
43*4 43*9 43% 43%
42% 43
43*4 43% •43
12%
Des
Moines
&
Ft.
Dodge.......
12%
1,940
12%
n
%
12%
14%
July 10
5
11
%
7
Apr.
5
n
%
n
%
12*4
1
1
%
1 1 % 11*9
*60
*67
. Do
pref.
*60
*60
60 July 13 65 June 30
*62
*60
E
rie.................
2,810
1434
15
15
15
15
u
%
11%
Apr.
19
15%
Jan. 18
15
lb
*4
143;
15
15
*141*
2,870 27 Apr. 19 37 July 23
Do
1st pref.
35
35 % 35% 35 % 35*4 35 % 36% 36% 37
§33 id 33*4 35
1,578
19%
20%
'
Do
2d
pref.
20%
*19
*19
19%
20%
21
Jan.
15
15%
May
24
19%
19%
*18% 193; 518 %
1 8 120 Jan. 16 126 July 19
126 126 *123 128 *123 128 *123 128 §126 126 GreatNorthem. pref.
*123 130
IllinolsCentral.................
.
99
100%
6,837
99
99
100*4
101
101
July
23
99%
99
%
91%
Apr.
19
99
%
98% 987e 98%
1,280
8%
7 % Iowa Central..... .........
8
*7 %
8
§8%
734
8
7*9
6 Apr. 15
8% June 18
7%
7*3
7*9
pref.
1,343 23 June 8 31% July 20
29
28% . , Do
29% 31%
29% 29
28
29
28*9 29
28
*27
1,000 13 May 11 18% Jan. 18
14% 14% *14% 15% 15*4 15*4 Lake Erie & Western___
14% 15
13
14*9 14%
13
600 58% Apr. 1 70*4 Jam 20
67
68
"66% 69 , , D °
*64% 67
§67
67
66
. ....
pref
66
64
64
*
445 152 Jan. 2 175 June 22
171 171 Lake Shore <&Mich.Southern
170 170 5170 170 §170% 170*8 170 170
171
'40
43
*40
43 Long Island...................
*40
43
*40
44
58,327 40% Apr. 19 53% July 22
51% 53 % 52% 53 % Louisville* Nashville....
52
52%
51% 52%
513* 52*8 52*4 52%
92% Manhattan Elevated.oonsol.. 16,4 37 81% May 6 93 Mar. 2
91% 92*4 91
91% 91*4 112% 92
90
92
89% 90
2,345 99% May 3 112 July 19
m % 112 Metropolitan Traction
111*9 111% 111% 111% 111% 112
n n ” 1113; 1113; 112
Michigan Central..............
653
M OOGo inooc, 100 100
100% 101
101 June 29
3,335. 16 May 14 25 July 14
24 Minneapolis & St. Louis...
23*4 23% 24% 24% 24
24*4 24*9 24% 24% 23% 24
462
*82%
§83%
83%
84%
83%
83%
Do
let
pref.
77% Mar. 18 84% July- 23
83% *83% 84%
83
583
§83
54
54% 54% . . .
2,979 46 Feb. 26 54% July 22
54%
54% o4%
Do
2d prel
54% 54*4 54%
*53% 54*9 ,-•4
12,007
1338
13%
MlssonriKansas
&
Texas.
13*4
13%
14*6
10 Apr. 19 14% Jan. 18
12% 13%
13*4
13%
13%
123* 12%
Do
pref 35,^67 24% Apr. 19 35*4 July 22
3236 32% 34 % 34% 35*4 34 % 3o *8
31% 32*9 32
311a 313;
33,816 10 May 6 24*4 Jam 18
23 Missouri Pacific...........
20is 20% 20% 21*9 20% 213g 20 % 21*4 21% 22*4 22
300 18 June 3 22% Jam 12
*19
19
19% *19% 21 Mobile tfeOhlo___
20
*18% 19%
21
*19
*18% 20
101% 101% 1015a 1023s 102 102 % New York Central & Hudson 10,374 92% Feh. 18 103% June 28
102 *s 102% 102 102% 101*9 102
1,520 11 Feh. 11 14% Mar. 15
13% 14
*13% 14 New York Chicago & St. Louis
14
13*4 13*9 13%
*13
13*9 13% *13
*65
*65
*65
75
*65
75
75
76
Do
1st pref.
"65
75
75
67% Apr. 15 75 alar. 17
*65
2,200 24 Feb. 10 347a Mar. 17
34
3**4 *33 % 34 %
323; 34% *33
34
Do
2d pref.
34% *33
*32
33
16 160 Feb. 2 §178 Jan. 4
§17318 173% 5174 174 *174 175 ■174 175 *174 176 *174 175 NewYorkNew H aven* Hart.
4,835 12% Apr. 19 16 July 23
155a 15%
15% 1534 15*9 15% 15*9 15% 15% 16 New YorkOntario & Western.
15% 15%
14% 15*8 15
12% 13*9 13*9 14%
14% 14%
15*4 New York Susop & West., new. 12,569
6% May 28 15*4 July 23
13
13%
Do
prel. 12,4*5 18*4 May 20 35% July 15
33% 34% 34 % 3b
33% 34
33% 34% 33
34% 33% 34%
22
9 Apr. 19 14*4 Mar. 11
1 1 % *10*9 11*9 *10% 11% Norfolk & Western
*10% 11*9 510 % 10*9 *10% 11% *10
206 22% May 5 30% June 11
28% 28% *28% 29% *28
29%
Do
pref.
29% 29*4
528% 28% *28*9 29%
4,135 11 Apr. 19 16% Feb. 1
14%
14
14%
14% 14*9 14% 14% §14
14% 14% 14% 14% Nor. PaoiiicRy.voting tr.otfs.
Do
pref. 31,356 32% Jan. 5 43% June 14
40% 40% 403; 42% 41% 42*4 41% 41% 41% 42% 41% 423a
21% 21% *21
410 16 June 8 21% Julv 20
§22
22
24
21% 21% Or. KK. <ft Nav.Co. vot.tr.ctfs.
21
20% 20*9 21
55h> 55 % 56
54
54%
2,872 3778 Jan. 8 57% July 23
55
Do pref., vot. trust.etfs.
55
56% 57%
54,
54 % *54
1,640 17% July 9 20% July 14
17% 17%
18% 18% 17% 18 Oregon Short Line___
18% 18% §17 % 18%
18% 18%
14% 14% *11% 14% 14% 1434 Fitts burg Oinn. Ohio. & St. L .
3,165 11% Man. 29 14% July 19
14*9 14%
14*9 14*2 143;
14
1,100 44% June25 55% July 19
52
54
57
53
54
Do
pref.
52
53
*55 % 57
52
55 % *54
23%
Reading,
voting
tr.
oertifs...
59,067
23%
24%
23%
24
24%
23%
23%
23%
24*8
23%
116% Apr. 19 24% July 20
23%
49% 50
49 78 50
49% 50% 1st pref., voting tr. oertifs. 91,837 t 38% Apr. 19 50% July 23
47% 47% 47 % 49*9 48% 50%
29%
10,949
30
29%
29
2d
pref.,
voting
tr.
oertifs.
29%
29
28%
29%
28%
122%
Apr. 19 30 July 20
23
29%
28*4
105
23% July 14
22% 22% Rio Grande Western....... ........
460 §25 May 26 54 July 12
50*9 fiO% 651
48
51
48
*48
51
*4
4
4
4
4 St. Jos. & Gd. 1st, vot.tr.ctfs.
350
4
4% July 22
*3%
§4
3% June 14
4 % *3%
4%
4%
40
4040
39
40
39 % 40
Do
1st pref.
843 37% June 10 41% June 18
39 % 39 %
*3914 40*9 §38
§10
10
943 11 June 10 1238 June 24
*11
10
§10
10
Do
2d pref.
1138 n % *11% 12
1 1 % §10
*59
*59
62
*59
62
61
62
63
*59
5 % 5 % 55% 5 % §5 % 5 %
568
6 June 14
5 % 5 % *5 % 6 St. L. & San Fr.t vot. tr. ctfs.
4 Apr. 19
*5 %
5%
473;
47%
48%
9,297 37 Jan. 29 50% June 18
48
48%
48*4
48
47
%
48%
Do
1st pref.
47 %
47*4
47 %
17
17
2,224 12 Apr. 15 17% June 15
17*6 16% 1668 §17
17
*16% 17
17
Do
2d pref.
16% 17%
3%
3,276
4% Jam 18
3 % 3 % *3 % 3 %
4%
4%
4% St. Louis Southwestern______
4%
1 Apr. 1
3%
3%
4*8
8%
9
8% 10 % 10*9 n %
‘ 8%
8%
8% * 8%
10% 10 %
„ Do
pref.
7,933
3% Apr. 1 11% Jam 18
*____
23
8t.
Paul
&
D
u
lu
th
.................
22%
June 16
23
23
23
23
*21*9 23
*21
20 Jam 4
*75
85
85
*75
§72*o July 46 § 87 Feb. 3
*75
85
*117 125 *117 125 *117 125
117 125 *117 125 *117 125 St. Paul Minn. & Manitoba...
114 Jan. 28 118 Mar. 3
16
16%
16
16
16% 16%
2,910 13% Jan. 13 16% July 20
15% 16
16% 16% 16
16 Southern Paoilio Co.............. .
9
9
9
9%
8%
8%
9
9
7,539
7 Apr. 19 10 Jan. 16
9*8 9%
9% Southern,voting trust, oertdf.
9%
29% 29% 29% 30% 29% 30
30% Do pref., voting trust, cert. 30,179 22% Apr 19 30% June 29
29% 29% 29% 30*4 30
11
11
11
11
11%
11*6 11
11%
8 Apr. 1 12% July 23
11% 11% n % 12 % Texas & Paoilic......................... 21,540
*6
5 % 6%
6%
6*8
6
6*8
6%
7%
6%
4% Apr. 19 10 J an. 5
7 % 7 % Onion Paolilo truBt reoelpts.. 24,560
2 % 2%
2%
2 % 2*4
3 July 21
3
3,150
1 Apr. 24
1%
2% 3
1%
2 % 2 % Union Paolilc Denver & Gull.
53;
53;
5%
*5%
§5 %
6
§5 %
6
1,160
7% Jam 16
5%
6
4% Mar. 29
6*4 Wabash________. . . . . . . ____ . . .
5%
143; 15 % 15
14% 14%
15*4 15
15%
Do
pref.
6,290 11% Apr. 19 17% Jan. 18
15% 15% 15% 16
1
1
1%
6% Jam 2
1% 2
1% 2
%June 1
%
1%
1%
1 % 1 % Wheeling & Lake E rie .......... 14,645
6*o
*5
55
6
*5
6%
6%
6%
Do
pref.
*5
220
2% Apr. 15 29 J am 5
7%
*5
7%
[tllsc ella n e o u s S lo c k s .
*13
13%
13*9 13% 13% *13
13% 13%
13% 14% 14*4 15 American Cotton Oil Co.........
6,740
9% May 28 15 June 15
64% 61*4 64
64
§64*9 64*9 §63% 63*4 64
65% 66
Do
pref.
66
2,368 52% Feb. 16 66 July 22
11% 1 1 % 11 *9 11%
11% 11%
11% 12 % 13
14
9% Apr. 23 14% Jan
9
13% 13% American Spirits Mfg. Co___ 27,553
30
30*9 30% 30% §30°8 30% 30% 31*4 3 1 % 33
Do
pref.
31% 32%
6,359 26 Jan. 5 34% Mar. 15
133*4 134% 136 144*9 143 146% 142% 145*9 140
142% 141% 144% American Sugar Refining Co. 365,323 109% Mar. 29 146% July 20
108% 108*9 117 119
114*4 115% 114 114% 111
L13
111*4 113
Do
pref. 14,584 100*4 Jan. 7 119 July 19
79*9 7 7 % 79 8e 78% 79 ' 78% 79%
77% 78*4 78
78% 80% Amerioan Tohaoco Co............ 74,665 67% Feb. 15 80% July 23
108 108 § 1 0/% 108
§108 108
110 n o
*109
112 *110
12
Do
pref.
490 100 Feb. 11 110 July 21
123; 12%
1238 12% 12 % 12% 13
12 % 12% 12
5,890
7% Apr. 17 15% June 25
12% 13% Bay State G a s..........................
94*9 9 1 % 94 % 96%
9S% 96% 96% 98% 98
Chicago
Gas
Co.,
certs,
of
dep.
99
82,645
99% July 22
99 % 98%
167*9 167*9 167*9 1683; 167% 168% 164
.67% §165% 105% 166% 169 Consolidated Gas Company..
3,651 136% Jan. 2 169% July 15
41*4 41% 41
41% 41
41% 40% 41%
40% 40% 40% 40% Consolidated Ice Co...............
30
June
lb
41% July 19
3,190
893; 90
89
89
89
90
88% 89
89
89
Do
pref.
89
89
1,510 80 June 16 90 July 20
34% 343;
34% 343; 33 % 34*4 33
35 3r General Eleotrio Co............... . 33,104 28% May 17 36*4 Bob. ^
83% 33% 35% 34
31*4 32*4 32*9 33% 33
30 % 31
34%
31% 34
34 % 35% National Lead Go.................... 64,737 21% Feb. 16 36 July 22
99*9 99 % 100 LOO 100 101*4 103 103*4 103
.03% 103 103%
Do
pref.
4,202 88% Feb. 13 103% July 22
31*9 31
30% 31*4 Hi
32
31*8 31% 31% 32
30% 31% Paoilic Mall.............................. 16,860 24 Jan. 9 32% July 12
*60*4
‘ 60% 60%
*59% 60*4
6
6
6
6*4
6
6
*5%
6%
*6
6%
1,375
3% June 29 11% Jan. 19
6*4 Standard Rope & Twine........
*5%
j£3 *4 23%
23% 24%
23% 24% 24% 25*4 21% 25% 24%
Tennessee Coal Iron A? R R ... 22,740 17 May 20 31 Jan. 18
7*9
7%
7*9
*' *4 8
7%
7%
7%
7%
1,450
y% Jan. 19
7% Onlted States Leather Co.......
7%
6*4 May 22
61 *9 62*8 62*4 63%
62*4 63
61% 62%
61% 62*4 62
Do
pref.
9,937 50 Apr. 22 6^ Jan. 19
62*4
10
10
*10% 10% 10
10%
10
10
10
10
2,115 10 June 3 25*4 Jan. 19
10*6 10 % United States Rubber Co.......
53 3; 52
53
55
50
51% *50
54
1,355 50 Julv 20 76% Jan. 5
§49% 51% §50% 50*4
Do
pref.
84% 843;| 84% 85*4 84% 85%
84% 84%
84% 86% 84% 86 Western Union Telegraph----- 28,549 75% aiay 7 86*3 Mar. 17
*The9f are lUd and asked; no sale made. § Leas than 100 shares, t Range dates from listing on Exohange. April 3.
F o r I n a c tiv e S to c k * , see f o llo w in g page.
12%
2538
10
32*4
*6 6
*50
87*9
12%
25%
10
33%
67
51
88
12 %
253;
10*4
32*9
*66*8
51
88
13
26%
10%
34%
67
51%
89
12 %
253;
*10
32 %
*66%
51
88
*H%
173;
13*6
26*6
n%
33 %
67%
51%
88%
9%
IS
12%
25%
10%
33
68%
50%
87%
*8%
12%
25%
11
34%
69%
50%
88%
9%
1734 18%
12 %
25%
10%
34%
69*4
50%
87%
'8%
18
§147
84%
'40
*95
10
86%
141
117*4
13%
26*e
11
35%
69%
51
88%
9*9
18%
147
86%
45
99
10 %
83%
141
118
13
26
*9
34%
69%
*50%
88
*9
18%
*149
86%
*40
*95
9*9
87%
§14168
117%
13%
26*4
11
85%
69%
51
88%
9%
18*4
T H E
J uly 24, 1897,j
C H R O N IC L E .
Vf f iH if£ g f O C f t e * C t i L A N 4 « i e * t t < 1 8 4 i f o t i t U a o d i - f V i a r Z W
23.
tMAcnvn St o c k s ,
i
ladioate*
Bid.
Ask.
Uadlrom.4. S io c k a *
Albany A Smwjn^daimi*.-.. . . . . . - idb 175
.100 9 11
Ann Arbor.............
____ -* w ---- — ,100 |28
Atlantic? A Fa oIt i c ......... - - - .100
%
%
107
Boston & sT, Y. A ir l i n e ?re f 100 105
20
Buffalo Rochester A Pittsburg IOC*
oO
.1 0 0
Preferred.73
Burl. sedmr Rapid® & Nor. — .100 63
•**v. Lorain A Wheel, p r e f.,- ... -100
OiereUmd A Pfttftbar*. . .. . .. . m 165
:3 %
3%
Col. JBfedfc, Valley A T o l ........* .100;
Preferred . . . . . . . . . . . .
— ..100
3%
Duluth o. dhore A A llan tie f -lOv?
2%
5
7
Preferred Y .....
.... *.—**„ .100
22
18
Evansville & Terr© H aute........ - m
40
25
P referred. . . . . . . .
.
Flint & ’rrr- ............ .. '.IK
.. UK-1
Ptete «risrt,
40
70
0refts Bay A Westfers. . . . . . . .
40
50
lo w
Dete eertfs- A
i5
it.
00!
Deb. e-- rtf a. 0 . . . . . . . . . . . .
4
3
•It. j
Keokuk A De* Mole eft.....
, 1IM> 14
16
P w P n e i - - - . - .#•.
loO
Km&Mk A Western ........
ioo;
18%
Mexican O t i t n l . . * * .......... .
,i '»
Mex'fsin .National tr. e tfs.
i%
. 50' 168
Morris ■%
0!
Kasli. Chart. & 81.
New E n g l a n d . . . . . . . . . .100:
2f» Y. A Hariesn . . . . . . . . . . . . . . So: 310
.100; *«„■**» ! - ^ t *
If. Y .
A.
!2 %
2%
Peoria IbMjatnr A EvaitaviU* .l o o
.100. 5 v f 7
Peoria :Sb «aet»rn
Pitts.. Pa W . A C h ic ,g u a r .... .100; 166
BeiiAs^aer A dam eo**#.. . . . .u w 188
Item# Watertown &
. Ogden#. too. tm
25
Toledo A Ohio Central-. . . . - 10O‘
40
70
. too
P re ferred ....,
____ _
i%
.WIm o b s Ib Cent. # o t tr. etf*. . n>j
.11
- No priee Friday
l i t M l price tiUs week.
Range dale*) m 1897.
Lowest.
Highest,
170
Feb. 177% Apr.
Jan,
lO^s Jau.
22 % Apr.
29 J u ne
% Apr.
% Jan
102
Mar, 105 J an.
16% May
20*4 Jam,
55
Ffeb.
55
Feb.
68
Apr.
72 Feb,
40
Feb.
40H Mar.
161 Apt. .108*4 Jan.
1% Apr.
18 Jau,
20 July
46 Jan,
3
Apr.
3% Fete
6% May
8 Jaa.
2 0 JitLe 2 4 % Fete
8** June 4 0 s Jan.
7 June 1 1 % Mar.
30 Mar,
37 Jan.
2 7 % Apr.
35 June
9
4
2
Apr.
Feb.
Mar.
32
Feb.
7% Apr.
1 % Mar,
162% Jane
7*t Jan.
44
M*r.
295
Fete
119 JaU,
HJune
3% Fete
150
May
177 May
416
Mar.
,..
12
1
$wm
STOCKS,
I h a c t it k Stocks.
S Indicates dalisted.
BUL
A , 6 1 0 §**»,4 9 0 #
01a«-» B, 5 4 , , ^ , 1 9 0 6
1.906
OlmmC, 4s..................
Chtrreney fu a d i»# 4m
. . . . . . . . . 1920
MX‘k&u
,7usmJttfjL1 8i>9-19 0 0
106%
101
08
7*. Arkansas CeBtral H R .........
IgHiialana—7ft, ecu# ................ 19*4
m
.......
A r t.
5 Jau.
3 Jan.
28 % Jam
Minnesota I r o n ,.................
100
32
F»b, National lin se e d Oil Co.............. 100
9'% July 'National Starch M ?g, C o..........1 0 0
i % June New Central Coal..........
......1 0 0
168 J nly N. Y. <vtK**t R iv erG as Y . . . . .
71 J une
Preferred‘ . . . . . . . . . . ___ . . . . . . 100
North American Co......................100
3 2 4 May Ontario Stiver .'•ftntiiK.............. 100
122
Mar. Pennsylvania Goal...............
2% Feb. Pullman I’a 'a -*' Car Co ........
* % July
10981 Mar.
185 Jan. - Standard G as, pref.ll . . .
120 July D orn --.. •• *'«•«! a iron, a r e f..
i e - « i ” «M!ltle Land T r u s t ............
U. S Express................................. 100
2 % 3 a o , ■ W ell*, Pawn Express . . . . . . . .
154 156
117% Feb. 155 Jan.
42
44
120
130
113 “ Apr. 125 " 3 an
JUS
109 Jan. 115% July
. . . . . . 93
85 % Jaa.
94 June
1116% 117% 85 Jan. 117% July
102% May 105% A nr.
18 ^ 15% June 27 Jan.
*,18
80
85
May
75
Feb.
14%
4% Mar
3 % June
109
162% May 162% May
37 % .Tan
35
Fob.
127
29
29 Joly
20 Jan.
101% Jan. 120 July
tiw %
107%
97
Feb. 109% June
6 3 % Apr.
67 Jau,
123%
42 .Tan.
2 9 % Apr,
130% 30% 22
30% July
May
183
83% May
83% 7 0 % Mar.
40
<10 J uly 50 May
00
12 Jan.
12 Jan,
...... ...... 12 May 52 Feb.
38
Apr.
5 8 .1 nly
’ 15*
15% 10 May
15 Jan.
3
May
8
5%
5% in n s
4
■7
4% May
5 % .1une
SO
Ml
July
80% June 9 3
1114% 115% 9 8
-May 116 July
3 % Apr.
5 Jan
4%
0 July
1 0 % .Ian,
16
325
Mar.
3 4 0 Mar. 340
1170% 171
152 Jan. 171 July
1
1% June
1 % Jan..
2%
11 % Jan.
0
8
Apr.
«
120
122
102 Jan
119% July
70 Jan.
65
A pr.
.»*»**
8
6%
7% June
6 Apr.
48
July
37
Feb.
: 148
1100%
9 7 Jan. 1 0 9 % July
I Actual salsa,
8KCC-R1TIES,
| Bid.
F ood ..............1894-1895
North Carolina—0», o ld ............ J&J
BONDS J U L Y
j Ask. |
23,
Bid.
SECU R ITIES.
Aftk,
b i d . . 189*2-1898
6m, w b o n i f t .,,.... 180:2-8-1900
Do
Hew eeriee.. . . 1914
I Oompremi«te 3-4-5-6&. - ........1012
...
t New t>ns*l«, J A J _____ 1 # £ 4 S 9 F ,* . . . f .
f Ctlmtltakm E H ,.....................................1 . . . .
J
82
f Bpmimt tm
'K. Olns# I , . , , 1
f CSn«oUdftt»!«I 4 e .. . . . . . . . , , , , 1 0 1 0 * 102 |.......
Do
! % « . , ................... .1913
'% ................
...............1919! 125
.......... 1 Fenitentlary 4 % « . . . . . . . . — 1913
SoOthCAEdltna—4 % », 2 0 -4 0 .. 1033 103 i ....... :Virginia funded debt, 2 -3 ® ,.. .1 991 *6 4 *i
B*. nso-biad.
...1 8 8 8 !
...j,,,,.. 1
4
deferred t‘ »t reetei, stiatnped..
4s....... .,,.,,1 :0 4 4 . m
Hew York tUfy Hank Nluiomeiii fox m » w«*ek ending
J u ly If, I89f, W e o m it tw o cipher* (&&) tk till
BA &
%M*
j' f'
l$. \DtpaMiUt,
(0O« ©misted, i
IO&pttai[ SurpV$| JLmm*. Specit. ; Ltg*,%
Hew4»a»oI#*
f% Indicuies <+omal sales.J
July 23. Range (sales) in 1897.
Bid. Ask.
Highest,
Lowest.
d is e r ik n e o n i s io c k t,
Adams Express............................. 100
IAmerican Bank Not® Oo i l ...............'
American C-oai............. ................ 25
American Express............... — 1 0 0
jAiner. Telegraph ,% Cable..........100
'Brooklyn Union Gius...................1 0 0
O tic, Jane. R y. A Stock Y ards. 10O
Colorado Fuel * Iron___ - ......... 100
• Preferred-----------------------100
iCol. <£ Hook, <Vmltr.rots.allptLl.00
Ooimuortsiai Cable..................... .,1 0 0
U oeso I. Goal o f M aryland-------- 100
Detroit G as................................... .1 0 0
!Edison ESeo. 111. .<t N. Y .............100
Edison EIs a 111. of B rook lyn ..1 0 0
E r e Telo.-rapb & Telephone ..1 0 0
Illinois Steel.....................................100
Laclede G as..............
..1 0 0
Preferred.. . . . . . _____ . . . . . . . . 1 0 0
NEW YORK STOCK EXCIIA NOE PRICES* - S T A T E
SF.CrjKITlKj'.
143
83
Wh
No if York Citj , iSostou and Cliiladelphla Banks;
tgtk&n*., f SpttU. : Ijt&iia. DtptMU-*.- Oirc*Vn Ctmrino*
$
S
H* V.* i f
• } • ! . •
Jati#2 8 . U n u ie ft 521,881,R t0.40O.2f 108,2)2,0 597,094..8 13,870.9 587,008.2
7
13,781,2
§04,983,
761.721.7
Jtttr
3
.
132.80A8
682,707,0
90.486,8
10*2.134,2
314*O| 111“,32110..
,0 :33,853,8;513,700, $' 00, $05,2 102,770,8, 807,882,.6113,782.9 008.283.8
15,572,8
** 17..; .13,863,6 534.164.4 91.231,2 108,122.6 813,287,
005,777,7
0,275,0
*1##,*
\
24. #01,0
7.962.0 122.457.8
7,047,0: 180.786,
4.200,0 Jnir $ I 4M9&a. 179,062,0.10,074,0
B*»k of N#W Y jrk- r A ^ M *
f l ‘i .770,0 ri.010,0
- — —
“Igi||''
%Vlto 0.
tldAXfv 1
2,050,0:
iUTJ*,7
M«€#hais W*.
«-. I 2,000#fli
1, fI 0 ,8
k*e-b*i*i«**........-...d 2,000,0;
UAtTAo. i.i» A 0 2,S»4,«I
A a i f itm.. . . . . i
1F.?9»*5
WUmtx,..
..... I 1,000,0. F i f j i
IMM ®3’2#0l
a&f03d,d. 8,F 7 « t 5#«iO,7|: 4IC4S4.4
ettr— *— . . . . . .-i. j 1,000,0' 3,005.(0i
454.4; 2-007.0
%W7,& 2yd,4
100,4
------34,3 ia*t i k p f j i a,©idf.7| 2‘4 ,5 m .f
557,4! 5,542,3
MmtkMxW Eateh*##! mmM 114,^11 4,748.8
1,000,0*
Bate&®r»'A ht®t*n, i 300,Of
| 001,8
t4e»
170,5!
iaef9i 1.155.3;
U^hMulm’ MTm&*m 44H1,0 FSMl 1.050,0; 255,0
2,280,0
445.0
35?*,9! l.f095,§
0tSfS:
Ommrwieh» 105,2:
O il, 7
W J
4t%6': 3.242.»:
4 f^ tf %
94,4! i,dd3,H!
,. *,««.«.— ! aw,o;
iW?M
537.0
pb
_».
400,1; a.i0€»f|
SUM# of Haw York. U w ,u i
lOCt!
Si.000,0! S»44A2: p , 497,0 2,107.0
A.mmur&n
4,520.0; 20,812,0
4 ,184,7! 20 171,7
5.WJ0.0
OQmm&mn,
Fa,Ff4«0 2.80#,4
#44,?; 5,488x4
nr “
l«0t»*,0
tlj
0,711,8
ItiftrcMitfi#,
73A7;
i'ihOBiVr 1.01F(6
3,033.9
4 » l,i ! f.4*ii»,s;
Vmi&c......
435J|
*■»
2.011A11 13,727,0
t«W0»0^ wmM 1UUt* 4Gtei-hsm,. * ... - . -.,.,.. I 45C»,0,
$mM a»««3hFI: INmtl 1,121,8 6,748,1
741,7; 2,7037
1WA5S!W,0i
Hosth AflEterlen,,.... j Timm.
7,643.5
MmitBl &MMM ........ 3 !
3&>B4,3i M *8,5
M»b©t sar..............,; L000y&>
5,1*10.*! 37 .839*8
«
C
ii
”
Y
ft
18^71
I rvl»|f„
7IF,lf A i02.0
it e d
as.fvi: 2,017,0.
519,4]
».585,4!
...,, | eoo,ol
i
2^87,8.
659,51 2,907.7
105,3
500,0
Ft0.4; 2 * 1 0 1
842,8! 1,008,0! SJ00(8
1.000.7?
Market A f d lle o .,.;
6»5r2f i w 4 9
t*».s*
Mk*.mm htmiMmv**..„|
laodtt
10,381,8
1,449.1:
,W M i 1,814.2 i
~075,0, 1,717,#! 8,885*4
#w>4“ *!
Cfew
J i,c»oo,o,
i"-A *.s 1.708,7;
1,713,0
O ften ^ L . . . . . . J ^00,01
150,0*
£m©on*r*’A
1.500.0 5.055,“
7! 2A270.0i 5* l ' o ! 8,711.0) 27,553,0
3,711,2! 35 475,3
PiStfl..-, ....«,**»*.***J 3.000 0 3,21 If 25,542,2 10,247.4
mm%-’M w,., .^w. . . . f5<U.i 14C4| •s’ s i H ' j f —... '105,7 ' i
26,481,53,5sKi(C»"
____
25.587.7
3.35
12.242.0
i,o#o,oj
520,8 j 8sit4dh
- $.347,0
■
881,81 5,014.0!
1,2
200.0f
f-66®,#
Htoth.........................
470*01
7&0k0 :i 280*81
5} HJJJ 7.057J-«S 23,209,4: a ,w » i t
21.834.1
Ilw t,. ...
1,204,5
A il 3. If 1 & 7
Ms it, 3f«S*t kx#hlrii#*| 3W ,0‘
A 120*0
2,737,01 436,0;
Bnw-trj
57!
818,t f
4 m f j f»i7%5|
Jf#w T9fk Co«&lgr,.| 2f.«
3%« [ &
j38$*P
47
2Sf,l»j 2.84 6 J=!
aufts JkM
Mfifc&M, J
in, 080,8 ’ 4,4739; 4.771.3 23,918
0 S » # .,I
1.83,5
to
i
Fifth A T * n a # .,....,4
kS'QhMff#.. | 2fM>of A ie'if 2*#29 4|i: ’site#! *630,41 3,090*7
-..,
’Mm*#f
mi. l 3.707,4
%
47WJi
mf HI §40,71 ti 2A IM7&\ 750.0 8,972.2
1 2b®,0! # SSSJi
I ar«» Of mi M %1*27 %
s>rvj
?*»>0! 751.1 4-mu #1 8»i-*§.7! *673,8: 6*675*4
%MwS-#id-. . . . . . . . . . . J
2*Wi
354*2; 1.038,2
F if t h .......... ........... J
314,61 1,#155
ff
2t§.mkof IhA M#trots „I MMiii
€
$77#a: 2.278.3. 7.108,8M 3.U.7 %
408.0' £446*0
0;.;
W#«i- *|Aft
| %
iMp
242.0
*274 o
7s 1.9
1.001,0: 0,059.0
#)€MSwWir<i.
....... {
500 § W&M
199.0! 1.527,0
e t x t f t . . . I 200 <>• H43.4
l 78# 0 ! -JiKI.O
Sbi.gi Til ftftO
S#7«2
Wmtwta................... | TOO
4,i*56,»: 17,650.0
5.485jf
4 SMS Cl: 763,3
12.330,8
4- IMOM
M&Ltfmlwi i?»»k .. j vm 0: mmM U
418,0■. -•
Liberty KM, Bhttk. i 5m 0
2B$M 2 557 2'' 289,4
3.702.3
405,0
n r -wfm.mutnh’ee. i MS* o; mo.» 4 077 4 506,3
334*0! spite,j
328/4
Bk-ttf lf.A«wtertlam! 250 0| 253, a { %128 *
Fothi.
M2 7*7A830,9;§M 154,4 b 1*231,2 108,122,0 513,201.2
** ’ iti.
’• 17-.
*
$w& 3.,.!
“ 68;J
17,3
$3,393.8 179,«70.0 10,470.0
7,824.0 182,112,
0,493,0! 182,073,
83,3#3.8'180,398,0.10,789,0!
94.780.8
.
7.978.0 108.103.8
117,021, 0 d,701,0 70.271.8
,34.993,0
34.893.0
117,079, 0 6,802,0 60.884.9
36.676.0
1118,962/01 8,840,0 59.809,5
;l*#8e
♦ tooladlwtf for Bo#loo and FhlLteeU'hia the item "d a# to other bank#".
16,188,0'111.823.0;
36.388.0 112,038.(0
36.388.0 113,006,0
Miscellaneous and Unlisted Bonds:
H U e c Ila n ro n # Hand#
MI e 11«. ti«•#ti« B «»*»$«. i
Jeff. # Clear. 0 . <fe I. 1st g, 6e 100 b.
Oh,Jan. A 8. \ 4» ~Col*A«.,6#f
G#temtef7. A f. lalcon#. 0*,^.! 02 b,
77 %b.
2 0 # , 5# ..... . ..............
0^1#r4$o Fuel »fe
$*.j 80 a.: Siaab.at. Beach H. «h L, g. 4ft.
C«L <&Hock*Coal. A 1.—$*, $J
TeL <b Tel. l i t §s.. *105 b.
rammer*-lal Cabl* —tgt g. 4.^ 1 I0$4b, j Mie&<Fenin. Car le i Oft .....
107
*"an#,da# (:♦».,Chic - -l«l
101 *sh s M aw d Hixlcm
101
ENs liartftirhea (?.
L-—g, Os.
f Hat. Starch .Mf*. l» t 8#.....
87 b. { H, Y dk N. J. Tclcp. gon. 6e..
l>ec 0 a#iw»n. 1st6 . ........ ...
iviUftbh Kl©«. Ill, *;**. —1-it S#.. 118 'Or [ Monhwmptsra Telegraph—7«
He of liktyii.. I.*f 5%.
no b People** o # r i$t Ch # let # . 0#.
Oo., Chicago. . . . > 2rl g. 8s. -109
K^iil|,ci,*t ,M, i7.eati#.|tr 5#.
115
-Kaaiteblo *7. «&
$«.... 100 >j*.
1*4 coos. g. Oft...............
99 a. South Yuba Water—Con. On.
Teleis. A
5#. jr-..
tWUre«ttta Wtearf Co.—i«( 0-* IOC* b Stew&srd Bone &T,—ln c ,§ * .: 18 b.
fir«€®:r**oxi Brftlg#-.. 1*! g. tt-t.
Saaday Oreok Coal 1st g. 8«.
f1llh#i*8l«ri &
vU, ?>n............
Weetero Onion Telog*—7ft... 107
It®tt85*9fiif',. Oett. 0 » . ...
Weetern. (las coll, tr. 5b... ... 100
* Latest price lisle week
M on —M6**lo41cate4 prtoe5(4; •*«** price **
Hank Stock 1,1st—Lutr-ntpric-A. 1fNttw stock. *Not Listed.
BANKS.
; Bid.
AflMKkM,*. ...'32M
Am,
‘ k-i
A star Flatsr!220
Bnwwy
Bin. ja * x .
BANKS. BU.I A *»£.!• BANKS.
■
Jf.Y.KateJSx 80 L « ...
,... tf).«uni0&...... 1
800
t*tt.
5 IfHeruian Am. 111o
Cjermaa Bi.*|aoo
fjcrwiania... . 1300
. :»tmuwioh.. £90
iHanarer,..,.
!H d e £ L.* . 85
.;ttad, hirer.. 160
IItti.A Trail'r ' 515
130
f r n n # ...
Ileather M
M* 180
it
330
Hinth.__ .....
.... 100
10ih Ward...
:N. America. 130
OrifMital.,...
; Faelffc___ _ 179
;Parle.. . . . . . . 258
Oc*o|>iy'B.___ 208
550 ; f'hwills .. . . . 103
fPia*» ,. . . . . . 180
iPtenLLx,*...
iEepttblic ... 148
.Seaboard,... 170
230 ISecond . . . . . . 425
240 :Seventh, ...
200 Shoe A Lo’th o f
Stat.eof N .Y . 108
1X25
25
T h ir d ......
150* Trailerin*n’«. 100
120 12th Ward*.
U niao.......... 20(7
175
1___0nioa Sqr,*.
L . . . . . ! :llnhl States.., .175
140
175
200
tinteh ,Al>
1205
Ccht'mi f .'
‘250
© h a te -....
•no
Chatham.,
200
Chemical,
11*20
City.
.
160
CTUttens’ , .
«Liberty*.,,... 11 _
Oalambla.
j L i t i C O i r i .(760
Oimmierc#... 1204
iManbuttAn.,. 1210
100
CbbteieniAl. l:*o . . .
|lfjtfk.elA Fni
m
CornBxcli.. . 5285 300 !Mecft»toioeL. 100
Bast H irer.. 1 25 ...... , M'ch#’ AT re' no
75
11th W ard.. 1200 : ...... IMereantale.,- iso
Hid* A m . . .13000
! Merchant.1.. 140
Fifth*,. . . . . 260 . . . . .
March-* . Ex l .32
F lm ,........ i2500 ! ... i MetTopal’ft,..
Mt. Morris.. 00
i.;120 150
150
16th Street;,.!.___
FernrUi.........U 70 . J80 iM. Am#’dam, 200 t,.....!! Yorkrille*.,. jl 70
240 liWeBtern.......116
0aliattn . . . . . 1810 330 «! New York.. .
W ent S i d e ... )275
U i m e Y o o r t $100 ‘ JK. Y. Co'nty 080 1700
.
THE CHRONICLE.
144
BOSTON, raiLAUELIMIIA
Active Stock*.
U I n d i c a t e s u n lis te d .
AMD BALTIMORE STOCK EXCHANGES.
t f ^ k a r e Prioe* - a oi Per € e n ta m Price*.
Saturday,
July 17.
Monday,
July 19.
Tneaday,
July 20
Wednesday,
July 2 1 .
Thursday,
July 22
1 2 % 13
13%
12 % 13
13
12*8 127s 12 % 13
Atoh. T. A 8. Fe. (Boston). 100
•25
*25
•25
•25
Atlantic A Pao.
44
100
9%
*9
9%
9%
Baltimore A Ohio (Balt.). 100
63
63 *
€4
Balt. City Pass’ger “
25
*
*18*4 18»g
IS**
Baltimore Traction 44
25
.
.
.
s.
.
.
.
.
.
.
18%
1
18%
18%
18*4
BaltimoreTrao’n11(Phil.). 25
213 213
213 2138
Boston A Albany (Boston). 100 214 214 •213 214 *213 214
213
212
%
213
213
*212
213
213
100 *212
Boston A Lowell
159 159%
160 160 *159 161
160 160
100
Boston A Maine.
9%
9%
10
10
•9
10
"9
*9
100 *9% 9*
Central of Mass..
*56
58
58
58
*56
*56
f8
58
*56
100 •56
Preferred........
85%
84%
86
%
85%
8
i
%
84%
86
%
« 100 83% 84*4 84%
Chlc.Bur.A Quin.
87
88 %
80=8 87 *« 86 % 87% 86% 87%
Ohio. Mil.A 8t. P. (PAii.).lOO 85% 86
9
9
9
U%
9
9
8%
9%
OhcK’.OAG.vot.t.o. 44
50
8-'s 9*e
18
23
100
Clt. 8t.Ry.of Indli
91
91*3 91
91% 91*3 81%
Fitchburg vret..(Boston)AC0 89% 9r % 90% 91
30% 31%
31
31%
31% 3 f/*4
Lehigh Valley.. (Phila.). 50 30*4 30% 30*4 31
112 112
111% 111%
111*4 111*4 1 1 1 % 112
Metro pol’n Trac. U "
100
83«
8% 8 %
8%
8 % 8 **
9%
*8%
Mexican Cent'l (Boston) A00 ~ 8% ~ 8 %
New England.... M
10t»
67
67
*68
71
Prefer* e d ........
44
100 *69 ........ *69
*71
*71
Northern Central (Bai .). 60
1430 14**
14*3 14*3 14% 14*4 1 4*4 14%
14
14*«
Northern Pacific fPMfajlOO
42
42% 41% 41%
42*8 42%
41*4 42
Preferred
"
100 4 0°8 40%
*180
*180
180*8 ISO*8 180 180%
Old Colony. ...(Boston) 100 180
53*o 53% 53 Hi 5: % 53%
53
53*4 53*«
Pennsylvania ...(P hila,). 50 53 *s 53%
72% 72% 72% 72%
72% 72%
Philadelph. Trac.
44
50 7z% 72% 72% 72%
1 1 % 121 -la 1 U %6 12*4 1113,6 12
11%
Reading t o.........
"
50 l “ is u %
*6
6
6%
6*8 6 %
6
0 % 7%
Union Pad tie... (Boston 1.100
6 % 5%
12
Union Traction..(Phila.). 50 12
1 1 % 12*8 1 1 % 11 % 1 1 % 1 1 % 1 1 % 1 1 %
ittlst-eilaiieou s S to c k *.
Ain.Sug’r Relin.1lfBo*ton;..«. 133*4 134*4 134% 144** 143*8 146*4 14250 145*4 140*3 143
111 112
110 113
115*4 115*4 113% 115
108*2 109
Preferred........
“
Bell Telephone..
44 100 229 s 229*« 228 228*« 228 228*3 228 228*3 227*3 228
134*3 135
132*3 134
Boat. A Montana.
44
25 134** 135*4 136 136*3 x 133*9^4
23% 23% 23% 24
Butte A Boston J
44
25
23*4 23 Gg 23% 23%
22*3 23%
395 395
S95 395
Calumet A JBeola
44
25 385 387*8 390 392% 395 395
___
____ ___
_____ ____
65
65
Canton C o .......... (Balt.). 100
Consolidated Gas
44 100 56*i *56*8 56*4 ! 6 % 56% 56% 56% 57
*57% 58
19*3 19*3
Eleo.Btor. Bat’y1T(PAiJa.).100
19*8 19*«
21*3 21*3
Preferred fi
44 100 21% 21%
65
65
65
65
65*« 65
Erie Telephone.(Bouton). 100 *65
65
*65
66
34*41 34%
33% 3330 34% 35%
General Electrio.
44 100 *34** 34%
33% 34
75
Preferred.........
100 75
75
75 •____, 75% k
75%
75
75
34
34
*34
35*3 35
Illinois Steel. . . .
44 100 *34*8 36
35
35*3 *34
17
17
17
LamsonStoreSer
“
50
17
17
17
16*3 l«3j
17
17
Lelil’hCoalANav. (fh ila.t 50 *41*4.......
*41 50 42
42
*41%
42
42*8
42*3 4 2H
N. E. Telephone (Boston). 100 105 ....... *105
*105
*105
105 105
1450 14%
Pa. H eat, L. <fePowf PKiLa.).. . .
14*4 14*4
14*e 14*«
143
p
14~%
14*4
14*4
Unit’d Gas Imp.fi
“
50 73% 73%
73% 71
73% 74
74
74
73% 73%
45
45
45
45
4478 44%
44% 44%
Weisbaoh Light Tl
“
5
Weet End Land.. (Boston)....
*13e 1*8 •i% i% ■i% i% n % 1 % *1 % 1 %
* Bid and ashed prices; no sale was in ade.
Inactive Stocks.
[V ol. LXV,
BiO.
Ask.
Prices of July 23.
Atlanta & Charlotte (Balt.). 100
95% 96
Boston A Providence (Boston).100 at 5 270
Camden A Atlantic pf. (Phila,). 50
Bonds.
Bid.
Friday,
July 23.
13
**8 1
'9*8 11
*63
61
*18*4 18*«
18*4 18*4
213 213*8
213 213
159 159%
*9
10
*56
58
86»8 8878
8778 88 *8
8% 9
22
23*4
91*8 91*8
31^8 32ie
111*8 112
8*6 83s
*30
*70
*72
35
72
72*8
143g 14*8
42
180
53*8
72%
423q
180*6
53%
73
11*316 12
7*4
7%
11% 1178
Ask.
77
13*6
141*4 144%
1H*4 113
225*8 228*4
129 132%
22
23
395 395
*62*8 66
58*6 58*6
19% 21
*23
24
*65
66
34
35*4
*76*8 77*4
*34
35*8
*16*8 17
42*6 42*6
105 106
143s i4ig
74
74
44 7e 45
*138 1*8
Bales
of the
Week,
Shares.
Range of sales in 18; 7
Lowest.
Highs
4,538
600
45
50
9®8 Apr. 20 13*6 July 20
15 Feb. 17 *37 Jan. 13
9*4 July 19 17*s Jan. 9
59*8 Jau. 13 66 Apr. 17
17 Jan. 12 2078 Apr. 2
823 17*6 Jan. 7 207g Apr. 2
91 209 Jan. 4 217 Mar. 4
81 205 Jan. 2 214 Apr. 7
81 157 June 2 ;166 Jan. 18
10 9 Apr. 22 11 Jan. 20
56 Mar. 26 58 Mar. 3
26,527 69*s Jan. 5 887g July 23
13,100 69*4 Apr. 19 88*8 July 23
5,604
93e July 19
6 May 7
2,000 16 Apr. 12 25*4 Jan. 20
790 89*8 July 17 95 June 4
14,653 20*e Fee. 18 32% July 52
1,670 99*4 May 3 112 July 20
1,025
7*« Jan. 12
9*8 Jan. 30
18 Apr. 6 37*8 Jan. 19
25 57 Feb. 15 74 Jure 25
67*e Jan. 27 73*8 JUD6 15
3,538 107e Apr. 30 10 ‘s Feb. 1
3,200 33*6 Jan. 15 43*a June 14
7< 176*4 May 26 181*4 July ’ 4
1,732 51%* May 3 5378 June 29
2,341 66 % Jan. 5 74 Mar. 4
27,032 89ie Apr. 19 12*4 July 20
3,492
9 Jan. 7
5 Apr. 12
5,276
8 % Apr. 29 13*8 Mar. 3
75,705
1,755
323
9,482
16,32"
119
109*4 Mar. 29 146*4 July 20
100*4 Jan. 6 115*4 July 20
205*4 Jan. 4 236 May 13
94% Jan. 2 137*8 July 14
/ 6 Jan. 11 24&8 July 14
326 Jan. 2 395 JUL 0 15
20 60 Jan. 8 67** Feb. 6
721 55 June 2 62*6 Jan. 15
885 15*4 Apr. 22 31
Feb. 1
210 17*8 Apr. 30 S3 Jan. 29
36 633g Apr. 1 67% Feb. 24
4,225 28% May 17 36% Feb. 2
26 66 May 18 78 JaD. 20
112 29*8 Apr. 21 4178 Jan 18
601 15*6 JUL6 21 23*8 Feb. 1
114 37*8 May 26 42*8 July 22
1 101 Apr. 5 107*8 May IS
919 13 Apr. 30 16 Mar. 18
1,372 707a May 3 75 June 16
614 3^*« Apr. 6 493s June 21
138 July 7
27s Feb. 9
XTrust reo.,all instal. paid.
Bonds.
Bid
Aai
Penn.—Oollat.Tr, 4% g . 1913, J&D 109
Pa. & N. Y . C anal,7».. i ot,J&D
120
Non-exempt 6s..........1918, J&J
108
Con. 5s............ .............193
*&( 102is
I Plain 4e.........................1910, J&J
100
People's Trac. trnst certs. 4s..1945
98 v 99
Ohio, Burl. A Nor. Ist5,1926, A&O
105*3 Perkiomen, 1st ser.,5a.l918, Q—J
let preferred..........
44
50
50% I 2d mort. 6s.............. 1918, JAD
10 1 %|Phila.&Eriegen.M. 5g.,1920, A&O H 8
Central Ohio............... (Balt.) 50
24% I Debenture 6s........... 1896, J&D
Gen. mort., 4 g .......... 1920, A&O 106
7
10 iChlo. Burl.& Quinoy 4s. 1922, F&A § 96
Chloavo & WestMleh.(Boston).100
98
Phila & Read. 2d, 5s. ..1933, A&O 125
Connectlout & Pass..
“
100 148*9 149% ! Iowa Division 4s..... 1919, A&O § 89 100
Consol, mort. 7e........1911, J&D ISO
Connecticut River___
“
100 240 250
Ohic.&W.Mich. gen. 5e, 1921, J&D $ 57
60
Consol, mort. 6 g ...„„.1 9 1 1 , J&D 118
Consol. Tractof N.J.fi(PAlto.)-100
28*8) 29 iConsol, of Vermont, 5s.1913, J&J § 55
60
ImprovementM .6 g., 1897. A&O 103
103%
Delaware&BoundBr.
**
100
Current River. 1st, 5s.. 1927, A&O $ 60
65
Con. M. of 1882, 4 s .... 1937, J&J 103 k)
To’ Det.Gr.Rap.A W.,lst 4s,1946. A&O 5 67 70
Terminal 5s, g ...„ .1 9 4 1 , Q.—F. 117
Preferred.
100 26*6
Eastern 1st mort 6 g .l906,M & 8.. W19 120
Phil. Wllm. & Balt., 4 s .1917, A&O
. 50 49 70
Iree.Elk.&M.V.,1st,68.1933, end. §132*3
Pitts. C. & 8t. L., 7 s ....] 900. F&A 112
Preferred 11..............
50
62 I Unstamped, 1st, 6s, 1933............ §132*3
61
Reading Co. gen. 4s___ 1997, J&J
83*4 83%
Hunt. & Broad Top...
50
K.C.C.&Spring.,1st,5g./1925, A&O | 60
70
Roohester Railway, oon. 5s ..1930
Preferred.................
. 46* K 0. F.S.&M . con. 6s, 1928, M&N § 91
50
94
8chnyl.R.E.81de,lst 5 g.1935, J&D 103*3
K an. C’y Ft.8. A Mem. (Bo
15 K.C. Mem. & Bir.tl8t,2s,192'L M&8 * 71 72 Union Terminal 1 s t 5 s .......F & A '
.100 11
Preferred ....... .
100 30
45
K.
C. St. Jo. &C. B .,78..1907,
§121J&J122
Little Schuylkill......... (Phila.). 50
51
L. Rock & Ft 8., 1st, 7s. .1905, J&J $ 90
95
Atlanta*fcharf.^1 st7 af1907, J&J 118
100 169 160
Louis.,Ev.&8t.L.,l st,6g. 1926, A&O 1 98 100
Baltimore Belt, 1st, 5 s.1990, M&N
75
80
Mine Hill A 8.Haven.(PhUa.) 50 53%
2m., 5 - 6 g................1936, A&O $ 85
87
Balt. O. Pass. 1st 5 s ....1911. M&N 114% 115
Nesquehoning V a l. . .
“
50 55
Mar. H. & Ont., 6s..... 1925, A&O §110 112
Balt. Traction, 1st 5a..1929?M&N 112
North American Co..
44 100
4
Mexican Central,4 g ... 1911, J&J § 70
70%
Exten. & impt. 6 S ....19 0 1, M &8 1 C6 i'06%,
North Pennsylvania.
44
50
90%
1st conaol.inoomeB, 3 g, non-ounl:
20
21 I No. Balt. Div., 5s___ .1942, J&D 1 1 2 % 113
Or.Sh. Line all asBt.pdfltostonLlOO 17% 18
2d consol, incomes. 3s, non-oum
7%
8 % Baltimore & Ohio 4 g., 1935, A&O 102
Pennsylvania & N. W. (Phila. ). 50
N. Y .& N .E n g„ 1st, 78,1905, J&J^ §120 121
Pitts. & Conn., 5 g___1925, F&A
93
95
Phlladel. A Erie........
44
50 ~
" 20"
1st mort. 6s................ 1905, J&J §113 114
Staten Island, 2d, 5 g.1926, J&J
45
Rutland......................(Boston) A 00
1
%
Ogden. &L.C.,Con.6s...1920,A&O 6 85
90
Receivers’ certificates, 6s..J&D 102*3 __ _
Preierred....................
44 100
Inc. 6s..................
1920 i ......... 15
Do. Maryland Construe., 5s........ 100
Southern..................... (Balt.) .100
Ru tland, 1st,6s............1902,M&N §105
Do. Plttsb. & Connells., 5s..J&J
99 . . . . .
Preferred.....................
44 100
2d, 5s.......................... 1898,F&A 1 98 100
Bal.&Oblo 8.W.,l8t,4%g. 1990, J&J ........ .........
West End................... (Boston). 50
92*4 93
OapeF.&Yad.,8er.A.,6g.l916,
J&D
Preferred....................
44
50
99% 99
M&N
Cent. Ohio, 4% g .......................1930,M &8
United Cos. of N. J .. (Phila,).100 _____ ,218% Buffalo Ry. oon. let, 5s.......... 1931 iio %
Cent. Pass., 1st 5 s_....1 93 2 , M&N 113
West Jersey & 8ea 8h.
44
50 49% 50
Oatawissa, M .,7s....... 1900, F&A 109 *s
City & Sub., 1st 5s..........1922, J&D 112*4 1 1 2 %,
Western N. y . A Penn
44
100 . . . .
2 % Cboo. Okla. & Gulf, prior lien 6e
1
1
2
%
Chari.Ool.&Ang.ext.5s.1910,
J&J! 108 110
Wisconsin Centr a l...f Boston). 100
2% 3
General 5s................... 1919, J&J 1 1 1
Col. & Greeny., 1st 5-6S.1917, J&J 112 113
Preferred....................
“
100
2 % 3% Citizens’ 8t.Ry.of ind.,oon.5«.1933 75
79
Georgia*
Ala.,lstpf.
5S.1945,
A&O
103
103%
Worc’et.Nash.&Rooh.
44
100 118 120 Column. St. Ry„ 1st, oon. 5s..1932
Ga. Car. & Nor. 1st 5 g.,19 2 9, J&J
81% 82
MISCELLANEOUS.
Columb. O. Crosstown, lst,5s.l933
Georgia
Pao.,
1st
5-6S...1922,
J&J
115
AllonezMin’g.assfcpdfRnsUm). 25 •50 1-00 ! Consol. Traot. of N. J., 1st,58.1933 '9 2 % OS” Geor. 8o. & Fla., let o s..1945, J&J
95*6 95%
Amer. Ry. El. Light.. (Phila.),
4
4*8 Del. & B’d Br’k, 1st, 7s.1905,F&A 124
Dent. 6s................1900, J&J 106
Atlantic Mining........ (Boston)
25
20 21*8 Easton* Am. lstM .,5s.l920,M&N 106% 107% North.
6s...................
1904, J&J
Bay State Gas fi.........
44
50
57S 6*8 Eleo. & People’s Trao. stook.tr. otfs 72% 72%
Series A , 5 s . . . . „ ......... 1926, J&J 114
Boston Land.................
44
10 4
5
Elmir. & W ilm .,l 8t , 6 s 1910, J&J
4 % s ..............
1925, A&O 110
Centennial Mining...
41
10 6 7e 7*4 Hestonvtlle
M. & F„ oon. 5S..1924 115
Pitts.
& Connells. Is t7 s .l8 9 8 , J&J 103*9
Fort Wayne Eleot.fi..
“
25
*8 1
Hunt. & fir’d Top.Con.5s ’ 95 ,A&O 104*3
Southern, 1st 5s.............. 1994, J&J
91
92
Franklin M ining.....
44
25
13*8 14*4 K. C. 8ub. Belt 1st 6s... 1920, J&D 99 102
__-_T
Virginia Mid., 1st 6s ... 1906, M&f 114
Frenohm'n’sBay L’d.
44
5
*4
% Kan.C. Pitts.* G. 1st 5s. 1923, A&O 79 90
2d Series, 6s..................1911 M&f 118
Kearsarge Mining....
44
25
18% 19
Lemgb Nav. 4 %s..........1914, U—J
114
3d Series, 6s................ 1916, M&f 114
Osceola Mining..........
«
25
35
35*a
2(1 6 s, gold.................. 1897, J&D 1 0 1 % 10 1 %
4th Series, 3-4-5s....... 1921, M&f
95
Pullman Palace Car.
100 171 173
103
104
General
m
o
rt.4
%
s
,g
.l9
2
4
.Q
-r
8
th Series, 5s.............1 9 26 , M&f 104*3 105%
Pennsylvania Steel.. (Phila.). 100
24
Lehigh
Val.Coal
1st
5s,g
1933,J&J
95*2
96
107
West
Va,
C.&
P.
1st,
6
g.1911,
J&J
107%
Preferred 11.................
44 100
Lehigh Valley, 1st 6s... 1898, J&D 103%
& Aug., 6s. .1910, J&D 115
Quincy Mining.......... <Boston). 25
120*8 2d 7s ..................... 1910, M&f 133% ___ Wilm. Col.
MI8CEIAANEOE8.
j am arack Mining....
25 130 131*s
Consol 6 . . . .................1928, J&D 116
Baltimore Water 5 s ...1916, M&J 122 122 %
v ater Power..............
100
*8 1
Newark Passenger, oon. 5 s...1930 108 109
Funding 5 s . . _ _ ....... 1916, M&l
Westlngh. Eleo. A M..
50
20 22 North
112*3
Penn.
1st,
4
e
....l9
3
6
,M
«
>
Exchange 3*48............ 1930, J&, 105 105*i
Prei., cumulative..
50
49% 50*a
Gen. M. 7s....................1903, J&J 118
74
Virginia
(State) 3s,new. 1932, J&.
74%
. Bonds-Boston.
Paterson
Railway,
consol.
6
s........
Funded debt, 2-3s........1991, j &j
64*4 64%
At. Top. A 8. F. general g. 4s, 1995 }S5% 85 7s
Pennsylvania
geu.6s,r.,1910,
Var
___
„
133
CbeBapeaKeGas
6
s____1S00,
J&]
104
Adjustment g. 4s, 1995............... §52
62*4 Consol. 6b, o ........... 1905, Vat 118
C o n s o l . G a s , S r . 1910. J&7 115%
B o s ten
"itov*
i at
*93
93»*
_
|000 T 107% 108
OoriHDvJ
r..__............1910. Vftv 120
•Prlcelnoludes overdue oounon.
f Unlisted
* Aud awraed interest.
!j 75%
?119
f 107
5 18
$1(4%
hoo
n
o
in
il8
J uly 34 1897,]
T H E
C H R O N IC L E .
NEW YORK STOCK EXCHANGE PRICES (Contintte!l)-AC 7YP.fi7BONDS
BAIUSOAB
astd
HlSCStAAKKOCS Bojtos.
Closing
I/tfsi FHcn Range (sales) in 1897Period July 23.
Lowest.
Highest.
Anker Spirit Mf*., 1st, 6S.1915
Ana A rbor—1st,4*>, g....... t r»
At,
* B. F .-N eW giffl. te-1995 A * <>
106 Feb. 109 Jan.
70 Apr,
81% Fab.
74S3 Jan.
80% Feb,
86% July
730, Apr.
4 1 4 Apr.
52% July
h
/ 116>a Jan. 120% Mar
79 % Apr,
b- 70 Feb.
79
79%
ir
A-i)J*tment4a.....,.... -J®?* j l Th *110
145
JULY-i i AND FOR YEAR 1897,
Range (sales) in 1897
lnffst Ototing
Pries
Period Jali/ 23
Lowest. | Highest,
RAlLaOA D AiTD
MttSCEIAASKOOS BOSDA
Manhattan oonaol. 4a....... 1990
Mete). Elayateil.- let, 6 g .l9 08
2 if f.m
: ;
Mexl luternat’i —"lst'/ij 'g 1 912
Mich, Cant.—1st, eons,, 7s. 1902
Consol,, 5 s ........................ 1902
Mtan,ASt.L.—lBtoon.5s,g.l931
Mo. K. A E.—1st 3s, g.f gin.1942
tt.EL.gs Texas.—1st, 4s,g. 1990
3J,AS,g . . . ..................... 1990
Mo. Pae.—lst,oon „6g.......1920
A A 0
J A J
M AN
g « 8
M AN
g * N
M AN
A AO
98%b. 91% Apr.
U 6 % Jaa.
10j%b. 10 1 % June
- ...69 Mar.
11/
116 Mav
105% June
101%
100 Jan.
91
88% May
96% July
121 Juno
107% Apr.
73 Jan.
119 Apr,
108 Mar,
105 July
95% Jan.
B, w *r*7tbA r.-l8U »a.*.5»*A 3 'i ® g
Brooklyn Etev. 1 st, e g ....1 9 2 4 t * ’ ’ I t
6 S Fab.
” Union K l6 V » t « U .-^ | ....l9 3 7 f * -N 1 7 /
90*
l i m fy
BWyu Raw- Trans., 5 g .-.V 9 4 o 4 “
i£ 4
? IS,
82 Jan- 80 Juiy
113
‘4
105%
Jan! 113% July
® A 03%
51% May 63% July
BRSTn.Cn.Oa»,l*t.foa.5g.i*.M.> i *
t,
91% Mar. 101 Jan.
M & N 84%
68 Stay 87% Jam
B’ glVnWUrf&W.H—l3t,5s,g.
jf -S: lo o 1
m
a
n
110
a.
93 Jiar. 105 Jan.
99 Feb.
Bail R. & P.—Gen, «. oa.193/ f « ®.
8., 03% Mar.
Pae. of Mo. —1st, ex., 4g. 1938 F a A 103 b. 100 Apr. 101 July
Qanada S outhern.-lst,3a,190S3 * J
K 108 Jan. 113% June
1913 01 ® s
_________ 108 Fob.
24 ext. 5a.......................1938 i & l
100 Apr. 103% J a i
„ 24,5s; ................ 8
St. L.A tr.Mt. .Yrk. B .,5 s .l9 3 3 i * ? ! } 2 ? ^ 5 * 103
Cent, of Oa.—1st, g . , ? * " . l 0 r - iv * * l U 4 b .,l i 2 M Feb.
A Pr- 101% May
93
88*3 Juno
1 st ext..
.1941 1 A A 10b b. 104 .Tima 101%Jana
Cons., 6s, g .....................IM S
67% May
80% July
Gen. R'y J
Oer/raV'i'f N .b '.^ n « .,7 * 1399 J H L W#WfcJl<S§|e A p? 108 % Mar.
l'ia!!SV..5 g .l9 3 1 A A- O- ; .8 0
121 May
. . . o —New6g ...1 9 2 7 J A D
Mobile A Obio
O o n s o t ,7 s ....................... 1902 » * «
113% June 115 Mar. , ...........
70 July
General mortgage, Is. 1933
* b
,
Seneralmortgage,Sg...1887 J
: 112%b. 106 " May 113 Fab.
133% June
fS ?, b
Lett.* W,B,,Bon.,7a,aV«i. 1900[ ,> T 3* j 9o %b- 90 Apr. 104% Feb. ; Nash. Oh. * S U » -U t » 7 * ..1 9 l 3 i J *
GonsoL.Sg........... ........... 192-3 A A O 101%
78 b. 75%. May 90 Feb.
102% Mar.
“
mong»g»&8.1912 , J ,
j. Imp.,
r ... „ 5....s ___1
l-i-'l
!U. Y.Oenteaa—D e b t 6 X t ,i s .l 9 0 5 A N 104 b- . , i, „
105 July
Am . Book A
92 1 J
', A
“ J* ll.lSaa. u >% 1 tly 1 16% Feb.
1st. coupon, 7s........ ........ 1903 J A J }}7 % 0 . 117% Jan. 121% Apr.
sntratPacllta.—iio M ,6 s .l' >3 , , " 101 so. w o Jan. 104% June
Extea 5 « ...................... l-i '-:"* « J 1007»b. 90% Jan. 103'-a June
Deben,,5s.coup., 13S 4 -.1904
8; l ll% b .h o 6 Mar. I l l July
o -Jan.
N. Y. A flarlein, ^s, reg.,1900 M A N 111 b .'iio
May 114 Mar.
See. A Ohio. -S e r.A , 6g ..l9 03 t ? X 131
, „ ,b. -n—
- - 1121% June
E.W. A O g i .oonsol-i.5e.1932 4 * o 120%b, U 7 % j af . 121% July
M or;*ae e,6 g..___ _____ l 5 u ; i # 9i
b .!ll9 % Jam. 12 : July
WestSbore, guar., 4 s ....2361;-* A J 109%
1 05 Jan. 110 %June
i«t00aool„S'g................. 1930 g ® * 1]W4 107% Jan. 112 Apr.
' m a rN. v
ni,t., A
*_*£
?* L,—4
r
» *.......1,«
« «7 A
A AM
rO
rt 1M
fin iUh
ao i _ ,
79% i 72 M
Hiinani 4
ia%>* ,g
,, ...............
..1t 9w92
79*4
Mar.
ap , 1
Jffaly
Y.OMo.
(ft.
93
g ^ t l08%
Apr. 106% Mar.
General
a !“
, '*
. j“
R.AA.D1V.. Intcon., -U.U180 7 « j 103 b. 97 Jaa, 10444 Mat. N. Y. Lai-k. A W.—1st, §»..1 9 2 l f A J 137%b. ■j.j Mar. 138 % July
»3%b.
86
Jaa. : 9 4 Time
b - 116% Mar, 118 Jan.
Construction, 5 s.............1923; * * A
**
24 con .,4g..1939 j * *
Obto. Bari. A Q,—(Jen. 7s. 1903!I, “ i U “ b- 113 Jaa. !120% JPaiia N.Y. S. a , A H .-C o n . deb. ot-fs. -* * 2 1l 2 , , I*3 3 ** F»6. 140 Mar.
i 93 Feb, *101 Aslue N.Y, Out. A W .-R e t 4s, e.1902 g A 8 98% *. 88% Jan.
96% July
Bebenfare,5s. ................10131?]“ * -lo
-- t
90% Mar, loV-i July
- 108 % Fo*.
HI
May
Consol., 1st, 5s, 6 .......... 1»39 J A 1>, }09%b.
CooTertible 5s_________ 1903,5 ? 5 ll> • *
100
Jan, 103 June
DenverDlrlatett As........ 1922 f, * -J
at> S3 fe%b, i 0 T % J ewe « S A m m m in t ret, 5s,
? ? 104%
«8
j imo 8 2 % July
87 % Jaa. ! i 4% faty
0 e » i 5 r. . . . . . ....1 0 4 0 1 * ® 4. 81 %
Hebmska Extension, i s .1027 5 ? “ •
b.
Mar. 122 % J ai.y
Midi an 4 of N. J., 0a, f . . . 1910 A * O 120% 116% Apr. 120% July
Han.A8t.Jos.-Cobs.6s.M U l 5 * 8. I f * f l H
^ Q ,7 3 % j 67% Apr. 74% Mar.
Clue. * E. 111.—Ist.s. f. 68.1907:* * P .U J b. 114 Apr. .115 Aar. Nor. AW . Ey.—1*1,.
il7 % b .!|i:j Jan. 120%Juno
27% July No. Paoiao—let, map. $g„U)2l J &
Consol 6g.................. ...1 9 3 4 6 4 9 ! 126_ k ISt Apr. *'‘127
General consol, £ « 5 *.. 1 9 3 T .;* g; 101%
m ~ tt'ea. lo t Juaa
80% j 83% Jan.
90%June
Prior lien, ry. & lg . 4, g.W9~{
4
58*
: 51% Apr.
57% June
Caloa...
nloago „A Erie.—1st,
.............
.5.g. ...l9
. . ___
8 3 _5 “ -su
. r109's:i.:l08%
li'i Jaa,
Geaeml 11bn 3 g . . .......1.204 7! H
s s r - r s * !May
- ^ :r»-.
9 7 % May 110
Mar.
03
J ace. ‘ lo 3 3 a a e ! No. Pi»trte Ter, tJo—og . . . l m «:« & J 104 a.
OWc.GasL, AC.—U 4.5r..!B 37 * A "II i 08
12-8
J aa. 139 % Jan « Ohio
& Him*~AJon,».
t . 7«.X80£W
7n. I « 9^4 A J 102%b.|l02% July 106 June
Ohie. MiLASt. P.—Con.7«. 190"> ■} A \ ! 437
Okio A
MLh*.—Oon.«.f,,
Jaau 120% Jua
1st, ftOttUtweatlMv., 6»,.10O9!i A •>1 li0 % b f
Ohio---------SoaS-bera—
—
i g . W 2 : { f [? * 8a b-; 83% Fob.
90 Jan.
b.
U120%
5 % jAJune
a .‘
1st, Ho. Minn. Ills., O s.-lfllO li A *Jj 118
Geuanl mortgage, 4 <..1931
N , ? «M 8% Apr. '1 5
Jan.
___ ______
* y.5*.. 1921!*
112 Jaa. 1117% J iiae; Oregoalmpr.Oo.—I s t6 g ..l9 1 0 •> A 4> 105
let.(Ok
A P*o,,W.Di
84% Juno 105
July
,U 08% Jm. |113 JlMUS : 0Das»t.,5 g .....................1930 f A O ! 22%
OUio. A Mo.
.,5 s. , 19:26; ■{ * a
is
Feb. (23% July
Jan. I l l
Apr,
Wwo.ASftna,,Dfy
Wlae. A Mian.,Ill» 3
,9*.
« , ,..1931
.1921!**
7 a Jr 11.3 be 110 % 3aa. it 13 Jaur?, Ors.U.A V iv. l.V ).-!«;, Og.lDo- •? * J, U l b- 110
'Terminal,
m*~ ’* * 5~ g ................. . .1914:
■Bp5?*’* St 4#:-' 113% ; 11.0% Jaa. 1113 Jlease
RR. A Nay, eoasol, tg .U H o f. A O; 86
so
Jim.I 86 May
9 i Jaa. '103% Jam f Oreg. 8h. Line—
8- g.. 1932 f A AS 120 t i l l % Jan,
120%July
Gea. St,, * « ., aeries A .. „ l0 g 9 j f A 4\
w m*i liar. —iatjsottfi*.
_
_ 1 *i :-i\* a a\ n s % o U S Jatt, U18% Feb, I 1-.5, coil
. .. . . . . U*
•> * J 89%
|g6 July
8 8 % July
Mil,
J All. 3 44. Jau. j
Oble. A .V. P»e., 1st, S t . . , 1940 A * « ! ---------- !**o
50 July
Noii-ci; mil. in i. A. 3 « ,.. 19 ltd
4 / b-| 41 July
U7
140 JPJMU *1 47 J als- I Pmm. C*j. - ~ iqg,
OMu. A 8 , W.—Or>o«ot,74.1915 ,'4 - r
. . . . @uap
. ______________
.,.,.1 0 2 . , A JJ 1 1 1 %b. i o 0 % Jan. 113% May
Ooupos,
. . . . . . . 1902;J * iJ. U7%t». HU Jaa. (121 % May Peo. tHo* A Eraasv*.—-6 .g. iOSO;'**. A J , 0§. b, 82 Mut 104 Feb,
atlting fund, 6s ,....,..,1 9 2 0 A * v U M g U l H Ja;
119 Mar, ! BTime. Dlvlelots.0 g„
A 8}
01 Jooe 100 Feb.
i l l^b,'1CH% Aar, ‘ 13 Aat.y i 2*1 mart
-1020
- ~ " M A- Mrt l # iLiilO
May 27% Jan.
Bintine? and. 5 # , . . . . . . . . 19-29 * A
5
117 b. 1.0%
" '‘ J
“ WJk* 1147 % J :iily
SIb
! and,tlebeo,, 5s.
^
ml A l. i-:;. !«*., r» g,i0iO’A & a; im b. I is j Jaxj,
__ 106 July
.
f* f* ;* 100 %b. .108
**"' 3 mi. UO ki
FlXtibiirg A WWtera— 4g.I017'*{ A 1 4S0%b.i 88 J ime I 74 % Jan.
||>l 3 mu 100
J&EtUMtailm43 . . . . .
A;
4s , 14tf7»*{ * J 33 % ! i0 % Apr. i 84 %June
MIL I«
^ W., im* 6%,W 2 1 * * » i.34%b,;ti.i H*jr 13ft
70 %j4ar. i 79 %3uno
Bi:t* Gr, Wisesera—
4 g ..4829 “ A J
I t e . 110
, tr i« 3 L 4 Imp,*
f * 4
iL J o , A* 0T,
2-'i-4
1847 J A J ? 06 b.j 02 VJfine 1 68 % J uly
131 b,
4% Jaa. 134
81. L > 4 % a Fr.—0g,OL B . 400b ^ A M 115 M l 12 Jutt, [115% Feb.
Hi
EjtteosLiii
4h>L, IS*. ** 193 { * « ^ 10
Wm*sm m'Atigtkdv, 0 g.. i 0 1 J A J m% 1 )108 l# Jan, i118 %J nm
8 103
mm ,
.. 1 0^1 ‘ m
1gj
J am. tio s July
. .......
t A J 00
|04-% Jan. ]10l%Juae
4 "g .. . . . .
A J 09 be 02 % Jam
C m \ S i. F. M, ^ O .*^6*.e,103o-r ^ 0| 1 3 1 %b. 1 2 1 Jaa, \V4S\ May
70 7eJune
0i«§*. Iror. 4% W a^L~5#,.,Ll9Ti: f- ^ Of 100 to,’ 98 May 102 Jam
84. JU- A So* W .—let, 44, g . i i l -‘H A ft 89% j 59% Apr, l 70 ' Jan,
Pf
130 Jane *131% May
28 Jan,
0 . a C . ^ l . —0B2t*«iL7jf .. .1 0 1 4 |
j 15 Apr.
§d*€ •*«.,4li.@0a0yf .... .
.
.
A 2
t ,*s /
5, * h ** A J j
123% jvin, 127% May
it P . %M, —iLtc.E-x. <. 1•)i f?' ^4 A Nj 12 1 b, 118 % Jam 122 Ayr.
HJ. u$
CL0 , C J *
Utv.. i A.i m » M
: *3Is* Jan, f iO % Apr,
128 Jmu 129 June
L*4»O£«oL#0 i
f
4
A 0
Jr K*«l#riis *.•<. .i # 4 0 ^ ^ -3 7 2
!1 0 8 Jams • 7 5
J an.
^
fcni % g . | A J 105% 102% Jan. i07%Jaoe
OoL Jedsli A t #, rceu ft-% g.,19:? $ '• ■& 8}
94% May
July
w a i i s * exLsufio«(4
102 70 a .0 93 % I 87% Jim.
l {.»*»■ liUr. 1 2 0
8f:1 7 2 % 1i 6 3
6i% July
Fab. ‘ 8 8 % Jan.
OoLK. Vr a^Tol , —
l >0 5 M
Baa.A0L.A A., P.—lii]L4.g,fTa,,4J ^ A J 00% j 54% Jan.
03 Apr,
0
®
.........1 0 0 4!# ^ I *; 5 3 &J 4 9 % Fail. i 87 Jan.
Bo, Oar, A Ga. - 1 * 0 5 g .. .19 40 M A N 30 %M 87% Feb,
110%-fir, 1109% M ,r 1143% Apr,
li o' »r. —Ist^Ts r. i »»> « a
90 Feb. . 07% July
tk». F«*ol Io, Arts, —0 * ... UH)0-1 1 J A J . 97%
* i , ■
... , h
' 0 itfl # * % 1 a r*-.fiiiy !
June .ill’.JLiWi&vCM,—« g , 1005*12:A. A U,
406 May 1.08 Jaa.
0su* A f'roa HV**—1-*»„
-L
1.01 % i: 0 7 %
00% July
§0% \.’85 Feb.
4*4ooa**iL,foitLI k . . . , 102 : A N
T « % July
P-aL Sow 0L, 4 M L —5 « . ...I f l 17^ * ^ 10 i ! 1 00%Ji9 1104 land 80» 4**eia>:3» m .
-i-g....... 18U J A 2j 103 5 .1 0 2 J an, 100 %J ime
IMtem
A J 112 lif 404% 7 fi.a U 4 % JfiUkd Sa^^saafo—im @ o » g, $&,19 *L J A 21 91
87% Mar. Oil %J une
§m I 8 3 % Feb.
Erl# —4, gf prior &oa4«. . . . IIHI8; ^ ^ i
80% J an.
80 May
-E»TiMtih m irg. lim Mfm, 133 * -M A d{ UO
i ti-2. Mf
i m 3 mm
3*4.
....A'*') f J ^ Jf
V, A G .-U 4 .7 ? „ . ri ».* * i A J 108 b. %07 % Jan, I l l J uue
Epl* Bjf*—
*m»b ,4tje . tiii'f, A, " ' U 3 by 13J Mjur, [ l i t Jluijr
M * A NS* 10U b* 107 Jan, f109% Ayr.
k000*0 g:
r
Ug Imok, mn.mL, 6»r.iy;r«
A o 100 b .lim
|lifi M ir. ■ G-eorgm r » I r.:
-110./%"Ja I ll 3 June
'■, II
c.»t 13
J A i;Jf
Ft*. W. & 0&Q, CJitj. —4-0 if. !ii 21 -f 4 O
Knukv,
la4 6*,*..l:)3 - J A J; t i l % b ,!1 12 Jan. ! i i o %J une
03 Jisa- I 07 % liiod
aA .Ji.V5* .. 4« “f. %C.l> i v , 5 5 & h i t b. i |
Bleb,
A
Damir,
eon*
i%
t
,
J
A
Jf
122
a.:.
11 .7 % Jam 1124% J tine
M *y ! 01% Fob.
0 #S.
^ 0 * 80 % *. #0% 3 mi
Jam
We»L ftOsOarUt
10 1 4 J A J
-,* ;lll% J a n . jlt0%Jun©
H#ai, T. OBcafikgin* M , f . 1 ■>j 1 5A >k O 7 4 %
A
A
67%b.j
00 June
, 7 0
% Jan.
Apr, l ?4 % ioty
r.J»L0^,to to F
HU««JUOuatrskL —4 # . ...V # >j M A N 1 0 1 if. 0 0 % <J»Si. llQG
4%nft. O L ky —Tea, U 1* i. o 5 A O ■iO%b,j 70 June f 98% Mar,
Wswii^fayiitw.,I-#L i\%,l :#LI. f A \ 105 %%n13,60* ink- ; W a Mair
I
89
Mar,
A
*
1
SlruitMgbarttl>ir,#8 g . ..l y i.r J
8 J % b*I 7 0 A y1*.
iMLkMtmtl
l *, * 4s S 120 % 0,; i l l May 420% July
A raeitte—
5 g,.:3 o ij;J A 0
0-3% 1 85% Jan. I 9 1 July
24,4
. . . . . . . t * f f M *% >5 S l% :'T3' 4 an. 1 84% July
I
2
’*%
July
2*1,isito a * ,5 %
21 >,1 MaraiiS 2 8 % | 4 3 Ayr.
AMrirm CWlfcral.—! » ! * % . , « »!tLjH:># A. iJ’ * 81
WieiiuAOa.loOea.t- 5 g ..ii3 5 :J A 3 103% 1402 Mac. 1108 Fab.
S3 Apr. f 97%Jaait 7 8% June
.
Cfe» fclarv—l8to3^. .lt'*45;T A J •
b. 4 4 Feb, f 5 0 >4 M;ir.
lmmm& O
n
,
0
—F 101
4908 J A J S 101 %b.;101 % May. 1105 Feb.
93% Jatt, ; 10 l | July : BniOQ PaoOlu—J g ,
.. .1 8
4t J M 10 ' a il:if% 4 * a . >H8 M m
slaliaf fttttkri,.*.* ii.iy M4 Bt 05 i 85 Jam i 95 Feb,
JUS&om—C'JMp,,
m • feJ ‘ lU’J'Ub, 103 8 July A i t Jane
OoUateral scuec, 4 %___ _ 401 h M A N * *50 a. 1140 % J-m. 4 50 Jaa.
0Q>»*Ol.
L Ts , , . 1 if) 1 i
A ?J 120 b. liJ
'CfaibiA tr* tts*. if. n o te -?.tu o j i* a A i02% bf 101 May 103 July
Jam : 121% Mar.
O0I1I. A
. . . . . . . . . . . . . . 1 i*3 T J -kJ> 100% jM,Jj\ July It o ! J me
&4B. P »A ~0ea,0iT .,3g. il ij I M A N 113 %b.i i 43% Jaa. 417% May
£i6U.V*LT«r.—'
HTUi, 5-*. UHA ..A Jr0 100%b. 400 Apr, H i % Mar.
1st a »o*uL« &g
1910 M A Nlf 74
ft87 Jan. 176 Jan,
Lex, A t. A P*¥t F,#a. Ae.sr %.$m M A s H *%’>. 145% Mar, |l20 July
Or,3,L,AUt*hN.—0u a..5gl01 1 A A O i ............ » 03% Jan. it 8b a June
L ^sg IAlAn-L—1st
1 q—
J 117 % 113 4*0. l i t May
0*P,0da.Aaulf»oofi,,51.10J »,J A l> 89% j 33 Ayr. ! 39% July
M ay i ll 4 Fob.
aeneral «QB^f
4k •. - 1 &8# !1 A 0
8 5 % 0 . 7 i’% Jan,
33 Si Mm*. U. 8. Leatber~:i F .Jeb,0g*ltl3 M A Hi ‘113
1110
' 1 b,
......
...
A
A A O
■102 % Apr* 1 0 8 % Mu** ¥lfglal4MlA—CLmM.» 55.1933 M A N 103 tjJiao Jan, 103% Mar.
U* 0 At
takfMg... 1WMi A 2 1 i.T %% 114 Jan. ; 133 .lime Wabatli—1st, 5 g
.•••*1038 M A N 104 % ' 101-% J U!1H 107 % J»a.
72
63 % Apr, 73 % Jan.
w
**
2 4 , 1 9 3 0 4 A J' 103 b. 1 98 % J an. 103 * M*r.
SB f fid C t f A it , ft I . — • . , , 1 0 3 0 W A 1
General, 0 « ........................ 1030 «l A 0 *117 0. 1X5% J*a. 118% Mnr
West N. Y. A
5 g .i0 3 7 J A J 10 >%b. 104 % Jan. 109 ^ J one
0 a i 8 « d » ___ .,,,.1 0 4 0 < 1 A J
03%
oea, 2-3-4*, go 1 4 .,,. .,,,1 9 4 3 A A O 47% 1 43 May J 50 Feb.
76% 4 vi. } 83% July
Loaln.N. A. AOb.—l«t,0*.liilO 3 A J 112 b, Il.il Jan, 1 1 5 %; time Wes%Oa.TeL—OeL fcr, 5#.,1088 J A J 10 7 %b. 106% Jan. IlOJ June
tr.
. . . . . . . . A A O #r -92 h.I f f I
W%e. i)miu On l*c 5 g ...1 0 8 7 J A J t 32 b,if 28 May J 40 Mar
May !ll*2’S Juiy
•
te«Ucateg p r i^ 511/ “ a** price stfkrnl; tee range i« made up from, aetunl Bales only*
MJ6W YORK
HBUUHlTtBH
* Latest prlee this week,
STOCK EXCHA.SGE PRtCBS-tCttnOaaod},-INACTIVE)
Bid.
Ask.
R ailroa d B on ds,
(fltoeh Exchange Prices.)
i'a b a m * Ml 1. 1 « .* „ gunr .193?
A*<ck. Topeka * Ban Fr,n. OWoasio A St.Loo.—1st, 6*. 1915
Asian. * O a s T .-lts , g ,5 » ... t930 : ' T .
AH, i P a c .W**rtero Wyl.lon iuomr,*..1910
:
:
sB o oarrtE a
Bid.
Ask,
Balt. A Ohio -1 s t, 6s, Park B.1919
107
5s, s o l d ....... ................ .........1925
83
Cons, mort,, frold, 5 » .......... 1986
W V.». A P itts--’- .t , ft.. 5s.. 1990
B. A 0 . 8. W .,l« t, g., l ' „ . .1990
Mon-wi. River, 1 s t , g .5 « ..1919
CentT OWo Bsor.—l s t ,4 * s . 193 J *07'4
Ak.ACli.4ua8.—1st,*.5s,isn. 19 to
1Brooklyn Elevated—2d. 5 s ...3 9:5 *43 ”
Bea«lde A B.B.—3st.v,5«,eo.X i«2
!
t Trual reeelpts,
B0ND3 -JULY H .
SECURITIES,
Brunswick A W’n—1st, g., 46.1933
Buff,R.A Pitta.—K.A P.lst,0s.l921
Boob. A Pitts.—CODS. 1st,6«.1922
Clear,* Mali.—lst,gu.,jc ,5*.19-13
Buff. A Basnueh.—1st, 5b, g.,1913
Burl.Osd.Bap. A N o .-l s t , Ss.1900
Consol. A collat- trust, 5 s ..1934
Minn. A St. L .- l s t , 78,g u ..1927
Oed. Rap. I. F. A N„ let, 68.1920
iRt. 5fl...................................1921
Bid.
i'2' 5 *
120%
107*4
105>s
i'oT*
THE CHRONICLE.
146
NBW lO B K STUCK E X C H A N G E P R I C E S .-I Y A C r /P S
SECURITIES.
Bid.
Aak.
SECURITIES.
Erie—(Oon.)—
O.Ohlo—Col. A Cln.M. lat,4%a. 1939
mt. eon., g., Pd,7a ..... ....1 9 2 0
92
90
Osntu BB. * Bank. -Col. g.fia.1937
B. N. V. A E.—lat, 7a.......... 1916
Oent. By. of Ga.—
Bufl. A 8. W.—Mortg. 6 e ....l9 0 8
37% 3 7 *
lat. pref. inooine, g., 5a ....1 S 4S
fefleraon—lat, go. g 5a ....1 9 0 0
12% 14
2d, pref. Income.
5 s ....... 1945
9hhl A P R .-6 8 ...................... 1922
3d, pref. Income,g., 5s.........1945
Dook
ATuil>t„lst6a, onriov 1913
Mao. A Nor. Dlv., 1st, g„ 5a 1946
Evans. A T.H.—1st, oona.,6s.l927
Mobile Dlv., lat, g., 5a....... 1946
’
at.
general,
g., 5a ................ 1942
Okot, of N. J.—Conv. deb.,6a.1908
Mt. Vernon lat 6s................... 1923
Q*at. Pacific—
_
.
Bui.
Co.
Br.
1st,
g., 5s..........1930
......
100*^
Ext, g. 5a. series A B C D ..1898
E rana. A Indian.—lat, conB.,1926
Gold 5a, series E ............ .
1898 1007e
Flint
A
P.
Maro—
Mort.,
6a...1920
1024
■an Joaqnln Br., 6a---- .....1 9 0 0
lat, con. gold, 5a............. ...1 9 3 9
Mort. gold 5a............. .’..........1939
.......
Pt.
Huron
Dlv.—let,
5a
....1 9 3 9
Land grant, 5a, g................--JS92
Fla. Cen A Pen.—lat g. 5 a ....1918
Cal. A O . D lv.,ext..g. 5 a ...1918 *102
101
1st,
1.
g..
ext.
g.,
5
a
.
.
.
.
„
— 1930
West. Paolfle—Bonds, 6a___ 1899
let oon. g., 5 a ........................1943
So Railway (Ca'.l—lat,6a .l90 7
Ft.
St.
Un.
Dep.—lat,
g.,
4%g
.1941
92
50-year 5a............................1938 87
Gal. Bar. A San Ant.—lat,0B.1910
Oent. Washington—let. g., 68.1938
2d mort., 7a..................— 1905
Chaa. A Sav.—lat, g., 7a.........1936
Ones. A (J.—Par. M. land, 6S.1898 1024 103% Ga. A Ala., lat, pref., g. 5a...1945
Ga. Car. A Nor.—1st, gu. 5a, g. 1929
Oralg Valley—lat, g., 5s— 1940
Hotieatonlc—Cons, gold 5a— 1937
Warm 8pr. Val., lat, g. 5a..1941
N. Haven ADarby, Cona.5a..l918
Ellz. L.A Big Sandy—G. 5a.1902 101 101%
Hons. ATcx. C —Waco AN. 7a. 1903
Ones. O. A So. West.—lat 6a, g -1 9 U
l8 tg .,5 a (int. g td i............. 1937
*d, 6a............................
1911
Cons. g. 6a (lnt. gtd)............ 1912
Oh. V.-Gen,con.lat,gn.g,58.1938
Debent. 6a, prin. A int. gtd.1897
Chicago A Alton—8, F., 6a— 1903
112
Debent. 4a, prin. A lnt. gtd.1897
Louis. A Mo. River—lat, 7a.1900
niinola Central
aa, 7a....................................1900
ist, g., 4a .............................. 1951
St. L. JackB. A CMo.—2d, 7S.1898
lat. gold, 3 ’-as........................ 1951
Mlsa.R. Bridge—la t,a. f .,68.1912
Gold 4s........................
1952
Ohio Bnrl. ANor.—la t .5 e .. ..1926 105% 110
2-10 g., 4a............................. .1904
Ohio. Bnrllng. A Q.—5s, a. f ..1901
Cairo Bridge—4a...................1950
Iowa JDlv.—Sink, fond, 5 s ..1919 109
8pringf. Div.—Coup., 6a___1898
81nl„gfn n d,4e.......... .. 1919 100
90
Middle Div.—Reg., 5a..........1921
Plain, 4a.................................. 1921
O. 8t. L. AN . O.-Ten 1.,78.1897
Chicago A Iowa Dlv.—5 e ...l9 0 5
1001
Onle. A Indiana Coal—lat 58.1936
1st, oonaol., 7a.................... 1897
Gold, 5a, coupon................1951
Ohl. MU. A St. P —lat, 8a, P.D. 1898 107%
’ Memp, Div., lstg . 4a.......1951
2d. 7 3-lOa, P. D ................... 1898 138
138
Bellv.A So. 111., gu., g„ 4%s. 1897
lat, 7s, $ g., R. D ................... 1902
Ind. Deo. A IV.—1st, g., o s ....1935
1st, 1. * D .,78 ...................... 1899 136
Ind. His. A Iowa.—lat, g, 4a..1939
lat ,C. A M ., 7a...................... 1903 136%
lat, I. A D .E xtenalon,7a...l908 137% 140
1st, ext., g. 5 s .. . . . ____
1943
Int. A G. N’n .-3 d , 4s, g ........ 1921
1st, La C. A Dav., 5e.......... 1919
KlngaCo.-F.El.,l8t,5,g.,gu.A.1929
1st, H A D .,7e .....................1910 1 28 * 130
lat, H. A D .,5 e .....................1910 1074 110
Lake Erie A West.—2d g., 5a.1941
dblcago A Paciflo Dlv., 6a..1910 118 120
North’n Ohio—lat, gu. g. 5a.l945
■eineral Point Dlv. 5a.......... 1910
L. 8. A M.Sou.—B.AE.—New 7a.’ 98
0, A L . Sup. Dlv., 5s............1921
Det. M. A T.—1st, 7a.............1906
Fargo A South., 6a, Assn. ..1924 io r*
Lake Shore—Div. bonds, 7b. 1899
to. conv. sink, fund, 5 s ....1 9 1 6 105
Kal. All. A G. R —lat gu. 58.1938
Dakota A Gt. South., 5e___1916 1104
Mahon’g Coal RR.—1st, 58.1934
MILA Nor. main line—6a. ..1910 118
LehlghV.,N.Y.—iat gu.g.4%a.l940
Ohio. ANorw.—30-year deb.5a.1921 1134 113* Lehigh V’y Coal—Iat5s,gu.g.l933
Beeanaba A L. S. 1st, 6e___1901
Lehigh A N.Y.—1st, gu. g. 4a.1945
DeaM. A Minn.—1st, 7a....1 9 0 7
ElmiraC.AN.,lBt.g.letpf.6s.l914
owa Midland—1st, 8s........ 1900 ....... .......
Guar., gold, 5s................... 1914
Ohio. A Milwaukee—lat, 7S.1898
Lltohf. Car. A West.—1st 6a. g.1916
Win. A Bt. P.—2d, 7a............ 1907
127 % Little Rook A M.—lat, 5a, g ..l9 3 7
MU. A Mad.—lat, 6a............1905
Long Island—
Ott. C. F. A St. P.—lat, 5 b 1909 108
1st, 7a.............................
1898
108
northern 111.—1st, 5a.........1910
Ferry, let, g., 4%a................1922
MILL. S.AW.—Con.deb.,5a. 1907 103
Gold 4a................................... 1932
Mloh. Dlv., lat, 6a........ -.1924 *129
N. Y. A R’way B.—let, g. 5a. 1927
Ashland Division—let, 6a 1925 134
2d mortg., lno______ ____ 1927
Oh.R-I.AP—D.M .AF.D.lat4a.l905
N.Y.B.AM.B.—latoon. 5s,g.l935
65
70
lat, 2%s............................... 1905
Brookl’nAMontauk—lst,6a.l911
Kxtenaion, 4s.....................1905
let, 5a..................................1911
Keokuk ADea M.—1st, 5s.. 1923 103 105
No. 8hore Br.—lat oon.5s,g.1932
Chic. St. P. A Minn.—lat,6 b. . 1918 *131 133
Louis. Evane. A St. L.—Con.5a.1939
St. Paul AS. C.—let, 6a.......1919 1314 1314 Louie.ANash.—Cecil. Br, 78.-1907
able A W. Tnd.—let, a. f„ 6 s .1919 . . . . . . . . . . .
E. H. A Nash.—lat 6a, g___1919
Gen. g., 6a............................... 1932
Penaacova Division, 6a......... 1920
Ohio. A West. Mich.—5a.........1921
Bt. Louis Division, 1st, 6a... 1921
___
Oln Ham. A D .—Con.a.f., 7a.1905
2d, 3a................................... 1980
2d, gold. 4%a..........................1937
i04%
Naahv. A Decatur—let,7a.. 1900
Oln. D A Ir’r—let. gu. 5s,g.l941 1C8
8. f.,8 s —8. AN . Ala............. 1910
City A Bub. (Balt.)—1st, g., 5 a 1922
50-year 5a, g.......................... 1937
Clev.Ak. A ool.—Eq. A lid 68.1930 . . . . .
Pens. A A t .- let, 6s, gold. ..1921
75
Oiev.ACan.-Tr.ctfs.forlat5a.1917
Collat. trust, 5s, g ................ 1931
a c . C. A St. L .-G en ., g. 4s .1993
86
L.AN. A M.AM.—lst,g.,4%sl945
Cairo division, 4a..................1939 __
90
Naah.Flor.A8.—lat, gu., 5a.1937
Spring. ACoLDlv.—lat,g. 4a. 1940 *91
So. A No.Ala., oon. gu. g., 5S.1936
Wh1tew.Val.Dlv.—let,g. 4s. 1940
.....
Kentucky Ceutral—4a, g. 1987
Oln.Wab.AM.Div.—l8t,g.4s.l991 *88
L. AN.—Lou.C.AL.—g. 4%6.1931
Oln. I. St. L. A C.—let,g.,48.1936 1014 1024 Lou. AJefl. Bdge Co—Gu,g,4a. 1945
Oonsol , 6 b. . . . . . . . . . .......1 9 2 0
. . . . . . Lou.N.Alb.ACh.—Geu.m.g.58.1940
Cln.Ran.ACl.—Con.lat,g.5a, 1928 107
Memphis A Chari.—6a, gold..1924
Indiana B. A W.—lat pf.7s.1900 1044
Mexican Cent. Consol.—4s, g.1911
Ohio Ind.AW.—l8tprei.5a.,193S
1st, oons. income 3e, g.____ 1939
Peor. A East.—Income 4s ..1990 *10
Mexican National—1st,g.,6a 1927
O, Col Cln. A Ind.—lat, 7a,a.f.l899 1064
2d, Income, 6s, “ A” .............. 1917
:cn»ol. sink. fund, 7s.......... 1914
2d, Income, 6s, “ B ” ....... .... 1917
Cln.APpr.—lat, C.C.C.AI.7S. 1901 1104
Michigan CentralClove. Lorain A Wh.—lat, 5a. 1933 100 105
68............................................. 1909
Ciav*- A Mab. V.—Gold. S a ...1938
Coupon, 5a.............................. 1931
Col. Mid. let, g., 6a, asstd___1936 *62
64
Mortgage 4a........................... 1940
Tr. ctle., con., 4s....... ............1940
Bat.t .& Strgis.—lst,3s,g.gu. 1989
Dei. ■■ a A IV.—
Minn. A t. L.—let, g. 7s.........1927
Mort. 7a.......................
1907 128
lowc 1 xtenaion, 1st, 7a....... 1909
Syra. Bing. A N. Y.—lat, 7a.l906 125 129
Southwest Ext.—1st, 7a....... 1910
Morris A Essex—let, 7 a ....19141 143 145% I Paciflo Ext.—lat, 6a.............1921
Honda, 7e............................. 1900 109
Mo.K.ATex.—let, ext., 5a, g.1944
T» of 1871............................1901 1134
Mo.K.AT.of Tex. lat, gu.5a.g-1942
lat. con., guar., 7s............1915 143 1444
Kansas City A P., let,4a,g ..1990
Warren -2d, 7 a ................. lyoo 109
Dal. A Waco—1st, 5a, gu..,.1940
D, All .Can.—Pa.Dlv.,conp.7('.ir17 143
Missouri Paoitic—'Trust 5 s ...1917
Albany ASuBq.—let,gn.,7a. 1906 124
latooU.,56, g........................1920
lat,cone., g n a r.,0 s:.... 1906 118 120
Mobile A Ohio—let ext., 6s.-.1 9 2 '
Rev's. A Sar. let. soup., 78.1921 146 150
8t. L. A Cairo—4s,guar____ 1931
Denv. Tramway—Cons. 6a, g. 1910
1Morgan's La. A T.—fat, 6 s....1920
Meiropol. By.—lat,gu. g.6a.l911
lat, 7a
191g
Denv A R. G.—Imp.,g., 5 s ...1928 *84
'Nash. Chat. A 8t. L.—2d, 6a.. 1901
Det.M. A M.—L. g. 3%a,ser.A.191ll
—
iN. O. A. No. E .-P r. 1„ g„ 6a..1915
Dot. A Mack.—lat lien, 4 s ,g ..1995
N t.Y '.C^lltraL_Datj- K* 48. ...1 9 05
46, gold................
1995
N. J. Juno—Guar. 1st, 4 a...198b
Erie- 1st, ext. g. 4 s ................ 1947 1Y 1 4 ii28g
Beeoh Creek—1st,gold, 4 s..1936
....... ......... .1919 1204
..
Oaw.
A Rome—2d,5e,g.,gu.l915
ided,4> a................. 1923 1 1 4 4
Utica A Bl. Riv.—4s, g., gn.1922
nded. 5 ................... 1920 120
N.' Y. A Put.—lat.
”
B|| ’ ' g ,4a. gu.1993
1.............. 1928 1044
!». Y. N. H. A H . '1st. rev 4a .1903
No price Friday; these are the latest quotations made this weaa.
[y o l . l x v .
B O N D S — ( C o n t in u e d ) —J U L Y 2 3 .
Bid.
Aak,
BEOURITIE8.
Bid.
N. Y . A Northern—1st, g. 5a..1927 123
N. Y. Bnaq. A West.—2d, 4% a.i937
144
81
133
Terminal, lat, v. 5 a ............ *943 107%
100
Wllk.A East.—lst,gtd.,g.5a.l942
93%
106
Northern Pacific—
St.Paul A N. P.—Gen., 6a..1923 129
Norfolk A South’n—lat, 5a,g.l94) 107
Norfolk A West.—General, 6a.1931 123%
New River lat 6a..................1932 118
Imp. A Ext.. 6 s ....................1934
Col.Conn.ATer..lat,gu.g.5a.l922
100
Ohio A Miss.—Consol. 7a....... 1898 102%
114
2d consol. 7a......................... 1911
Spring.Div.—1st 7a..... ......... 1905
70
General 5s............................... 1932
Ohio River RR.—1 at, 58...........1936 101
Gen, g.,5a..............................193'
*85
Omaha A 8t. Louis.—lat, 4 s ..1937
105%
Oregon A Califor.—lat, 5 b, g.1927
T08%
Oregon Short Line—
106%
Utah A North.—let, 7a........ 1909 117
Gold, 5a...... ....................... 1926 100
Penn-P.C.C.ASt.L.Cn.g.4%aA194
1 10 *
121
Do
do
8eriea B 1942 1 1 0 *
107
Do
do
Series C 1942
125
Do
do
Series D, 4a, 1945 1 00
109%
P.C.A8.L.-lst,0.,7a................190' 111%
T06
Pitta. Ft. W. A C.—lat, va...l912 137%
2d, 7 s ....... ........................... 1912 137%
100% 103
99%
3d, 7a.................................... 1912 132
Ch.St.L.AP.—lat,con.5s,g..-1932 115
109
Olev. A P .—Cone., a. fd.. 78.1900 111
Gen. 4%a, g., “ A .............1942
102
Do
do
Series B 1942
Bt. L.V. A T. H .—1st, 6s., 7s. 189
. . . 1898 1 01 %
2d, guar., 7s..............
Gd.R.AI. Ext.—1st,4%a,G.g. 1941 1 08
Alleg.Val.—Gen., gu., 4a, g.1942
102%
N.ACin.Bdg.,gen.gu.4%s.g.l945
102%
Penu.RR.—1st real, eat g. 4S.1923
*103%
Cle.A Mar’ta—lst,gu.g.4%s. 1935
*102
D . Riv.RR.ABdg—lst.gu.g.4a.’36
Peoria A Pek. Union—] at, 6a .1921 115
103 105
2d mortg., 4 % b.......................1921 *79
Pitts. Cleve. A Tol.—1st, 6 s ...1922
Pitta. A L . Er.—2d g. 5a,“ A ” . 1928
*40' ' l l
Pitts. Mo. K. A Y .—lat 6a.......1932
40
35
Pitta. Painav. A F.—lat, 5 s ...1916
*100
Pitts. Shen. AL.E.—latoon.5a.1943
*
101
Pitta. A West.—M. 5s, g.1891-1941
104%
Pitta. Y’g8t’nAA.—l8t, 5s,oon. 1927
Rio Grande So.—lat, g., 3-4S.1940
St. L. A. A T. H .—Term. 5B..1914 105
120
Bellev. A Car —1st, 6s......... 1923
121
Chi.St.L.APad.—1st,gd.g.5s 1917 105
99 >4 101
St. Louis So.—lat, ga. g. 4 s .1931 *90
do
2d income,5a.1931
Car. A Shawt.—lat g. 4s___ 1932
"SO* " 9T
St. L. A 8. F.—2d 6s,g., ol. A .1906 115
2d, 6s, g., olass C .................. 1906 115%
let, trust, gold .5a............... 1987
Ft. 8. A V. B. Bg. —lat, 6 s ...1910
St.L.Kan.AS.W.—1st, g.,6a.l916
104
St. Paul City Ry, oon. 5a, g.. .1937
*85
—
Gold 5a, guar................... ...1 9 3 7
St. Paul A Duluth—1st, 5e___ 1931 110
2d mortgage 5a...................... 1917 104
4 2 4 St. Paul Midd A M.—2d M, 6s.1909 122
’ 35
105% 107%
Minneap. Union—1st 6 a ... 1922
Mont. Cen.—lat, guar., 6 s ..1937
....... ........
1st guar. g. 5a..................... 1937
Eaat. Minn., lat div. 1st 5a. 1908
30
WOfl
arASiouxF.—1st, g,58.1938 *107
304
San Fran. A N. P.—lat, g., 5s. 1919 102
L05
Sav. FI. A West, —lat, con. g.6s.l934
‘ 112
105
8 aboard A Roanoke—lat, 53.1926
120
Seat.L.S. AEas t., Ist6s,aast.pdl931
30
Southern—Ala. Cent., 1st 6 s.1918
Atl. A Char.—Income, 6 b. . . 1900
1074
Colum. A Green.—let, 5-6a.l916
99
E. Tenn.V. A Ga.—Divia.Ss 1930 1 1 4 *
97
Rioh.A. Dan.—Eq. a. f. g. 58.1909
97
Deben. 5s, stamped_____1927
98
99
Vlr’a Mid.—Serial ser.A, 6a. 1906
1044
•75
Series B, 6a.......................... 1911
92
Series C, 6s.......................... 1916
92 4
Series D, 4 -5 s ......
1921
87%
Series E, 5 a .........................1926
........
Series F, 5 s . . . ..................... 1931
Gen., 5s, guar., stamped .1936 102
*45
Wash. O. AW.—1st our.gu.4s.1924
Sunbury A Lewis.—1st, g.,4s. 1936
. . . . . . . . . . . ler. As’n of St. L.—1st, 4%s,193M 110%
1st, oon. g. 5s________ 189V1944 108%
........ —. . .
8t.L.Mer.Br. Term.,g.os,gu..1930
Texas ANew Orleans— lat.7s.1905
8aoine Division, let, 6a....... 1912 ■93
Consol. 5a, g..................
1943
93
121
Tex. A Fae., E. D.—lat, g. 6a.l905 107%
Third Avenue (N.Y).—lot 5s, 1937 122%
1054
T.AO.C —Kan.AM ., Mort. 4S.1990
74
142~
Tol. Peo. A West.—iat, g., 4 s.1917
66%
Ulster A Dei.—1st, con.,6.,5a. 1928 100
Pacific—
........ Union
1st, 6 s ......................................1896 1033*
12T *
1st, 6 s . . . . . . .......... ................1897 1034
80* I 1st, 8s................. ...................1899 1 0 4 4
79
Collateral Trust, 6s..............1908
*66
70
994
Oollareral Trust, 5s..............1907
78
76
Kansae Paciflo- lat 6e, g 1895 1 1 1 4
50
let, 6a, g ...............................1896 115%
58
58 1
0. Br. U P —F. 0., 7s___ ...1 8 95
Atoll. Col. A Pac.—1st, 6a... 1905
274
i v r 115*'1 U. P. Lin. A Ool.—1st,g., 5a. 1918
26
Wabaeb—Debenture, 8er. A 1939
124
Debenture, Ser.es B ............ 1939
li’ i
21
Det. <fe(Jlile. Ext. 1st, 5s, a 194 «
......
974
io T Bt L.K.C.AN—8t.O.B(lge6s.l90- *111
102
West N.Y.& Pa.—Income 5S..1943
n%
108
....... Weak Va. C. A Pitts.—lat, (is. 191]
WheeLAL.E.—1st. 5a, gold.. 1926
65
........ ......... 1 Wheeling Div., 1st, 5s, g ... 1928
Extension A Imp, g., 5a.......1930 "70
w Is. Cent, income 5a. .......... 1937 . . . . .
u» B
aneodM
Bio a d s —See 3d page preoedlug
Aak
124
90
94%
133
104
56
120
103
112
115%
88
105
123
125
119%
105%
69
____
29
234
100
13
93
75
J uly 24. istt",]
TH E
CH RONICLE,
Ro a d s .
AJfD
147
Latest
WeekorMo
GrossWarnings,
1897.
1896.
Jan. to Latest Bate.
1
1897.
1896.
*
1
$
Ind. 111. &Iowa. May.
64.642,
85.902
310,563,
319,101
Fii.A Gt. North'!) 2d w k Ju ly
44,432
45.838 1,643.940 1,523,709
R a ilr o a d % u tz llx g z u tz .
tlnteroo, (M es.) W k .jv e s #
52.400
44,720 1,282,351 1,685,321
Iow a C e n tra l... 2d
. . . vrt
„ „ „Ju ly
29,081
27,524
810.367
861,096
Iro n B a llw a y^ . J u n e ..
3,823
2,488
18,013
Jack. T . A K . W . A p r il..
29,549
28,228
115,760
119 ^7
R A IL R O A D EARNINGS.
Kanawha&Mteh 2d w k J u ly
10,253
8.63S
259,841
247,52
87,193
71,521 2,341.530 2,217,383
T h e f o llo w in g ta b le s h o w s th e g ross e a rn in g s o f e v e ry K.C.F.SootLCM . 2d w k J u ly
K.C.M em . A Bir. 2d w k J u ly
15,284
17,248
607,305
566,960
«TE .\M ra ilro a d f r o m w h ic h r e g u la r w e e k ly o r m o n t h ly re tu r n s Kan. O. N. W — J u n e __.*
21.901
18,706
162,392
124,256
o a n be o b ta in e d . T h e firs t t w o c o lu m n s o f fig u re s g iv e th e Kan.City & O n i. 2d w k J u ly
2.759
1,260
110,600
48,785
C .P lu s . A O .. 2d w k 39,623
Ju ly
gross e a rn in g s f o r th e la test w e e k o r m o n t h , a n d th e l a s t t w o K .
14,247
962,514
839,944
9.880
8,050
229,372
169,529
c o lu m n s th e e a rn in g s fo r th e p e rio d f r o m J a n u a r y 1 to a n d Kan.C. Bub. Belt 2 , 1 v k Ju iy
; Keokuk* West U liw k J'n a
8.831
9,422
181.165!
200,917
i n c lu d in g s u c h la te s t w e e k o r m o n th .
4 ,4 0 0
L. E rie A ll & 8 0 . J u n e .........
34.403!
3,788
30,540
L . E rie & West. 2d wk J u ly
The retu rn s o f the street ra ilw ays a r e b rou ght togeth er sep
53,580
63,868 1.742,163, 1,829,404
Lehigh A Bind.. June ......... .
29,690!
33,100
164,6111
on a subsequent p a ge.
194,042
Lex’gtondtEast. M a y ...........
20.30
18,440
85,963
87,511
Is la n d
J u n e ’. I ” ” j 402,504i 395,655 1.638,807 1.665,247
Latest Grots Earnings.
Jan. 1 toLatest Bate. Long
Los
A
n
g.
T
e
r
m
.
J
u
n
e
.........:
8,160
39,750
45,067
EOJUDS.
. Lo u ls .E v.& S t.L -2d wk J u ly
23,494
2? ;§ f !
720,939
788,419
Weekor itoF l S O ? . | 1896.
1897.
1896.
Lott. B . &S t L. 3d wk Ju ly !
•-,602
230,656
9,190
238,468
! Loulsv.ASaehv. 2 , 1 Wk J ill . 395,390 368.990 10,835,134 10,416,815
8
I
*
t
3,708
3,840
23,213
28,130
15.994
Adirondack....... M a y .............
13,781'
87,089:
74,979 : Macon A Stem .. J u n e .......V
M anistique....... J u n e ......... !
15,800
13,108
60,316
66,104
28,993.
Ala. G t South.. 2d wk July
28,024:
799,763.
735,581 Mym
pUlsACliu,
!
-tw
liJiu
y
19,180)
17,422
850,908
611,609
45,065
65,588
Ala. Midland ... M a y ..........
285,483.
254,460 tMAxiCktt C e n t .li-d w k Ju ly ! 195,992
195,972 8.999,150 5,228,605
A la JS , O .T « x . A Pac. Jan e
K Old:.* N . E. ttk w k J'tie
88,000
39,00"
61.7,954
629,188 M exiatroInteFL-M av. . . „ ! 240,364 252,858 1,288,129 1,186,726
66,412
88,351 3,145,112 2,543,605
A l a A Vb;k»b. 4tliWkJ'm>
18.000
14,000
278,244
247,063 IMex. Sattonal 2dw.lt Ju ly !
4 8 ,7 1 5
60,949
Visits.Sb. A- 9 « h w k J ’uw
1 8 ,0 0 0
271,749
347,079
18.006
251.119
334,098 M e t Northern. M a y ...........
73,537
981.9,9
51,598 1,808,537 1,447,598
Allegheny V a l - M a y ..........
200,168 198,719
953,702 ;Mextown R way Wk..l*ne26
8dwk
June
12,<
Oo
Mextoaa
So.......
6,283
339,84241,237
21,410
' 1 A r b o r .. . . .. 2d ark J u ly
19,448
066.820
813,864
39,917
4 A Midland
'M a y ____ 7,311
39,5X0
988,815
973.206
36,165
6.147
33,799 M lm ie a j,A 0 t.L 2 d wk .July
M . 8 U ’ *8,8t.M . 2d w k Jtiiy
81.288
66,914 1,728,662 1,806.024
A te h .T . A 8. F a M a y .......... 2,508.000 2 ,* 6 » ju d 11,992,008 11,4411458
Atlanta * Char. A p r il.......
122,507
104,462
591,530
4 «9 487 . Mo. Kan. A Tex. 2 d wk Ju ly 163,445 173,176 5,238,847 5,536,370
A tlanta A W . P M a y .......
39.283
33,658
228,274
206,272 M o .Fac.& irunM 2d wk J u ly . 370.000 363.00* 11356,000 10,960,280
14.00*-:
9,0001
504,00(1
Atian. A U& o t . 2d wk J u ly
10,807
8,439
291,189
W LD O g 1 Central Btfek. 2d w k J u ly ;
358,324
390.00*
372,00* 11,800,000 11,318,604
A liantlo * Pan. M ay.........
347,640
329,063 1,625,389 1,582,980 , , T o t r t . . . ....... 2d wk Ju ly ,
1,983
5,118
155,588
130,133
Austin A R 'w e st M a y ...........
10.914, 18,913
75.21 i
0-.434 M o bile* B ir in , ls tw k J u ly
Mobile * O h io , J u n e ......... 285,504 258,380! 1,881,267 1,725,231
BAlt.Che«.& A U . A p r il.........
32,700
33.553
108,505'
112.777
M o n t * M ex-O U J u n e ......... 102,048
97,544
682,060
574,129
B a lt A 'O b k i........l u c e .........2,18»,1132,189,891 12,044,(^7 11,422.(521
L. Ju n e .........
463,242
, .
463,243 385,127: 2,550,101' 2,438,897
Bal. A O. Sou'* 2d wk Ju ly
107,472 107,445 3,173.479 3,190.408 „5aah.Ck.A8t.
12,085
43,771
Bangor AAroost March.................................. ............
194,968
l « u 2 7 2 Ket,AFt.Sh*s>*u A p r il.........
.yv,.,!;,*-,Ultra..
May
.........
3 ,7 7 7
B ith A ll » l u ‘nd« W a y..........
1,606
*
•—
13.643
3,018*
1,574
12,309
3,741, *62 3,736,1.7 21,188.125 21,1.-6,566
B it. A A tlantic. J u n e .......
1,619.
1,11.1
i o , « a;
10,407 - S.Y. 0. Sc El, k Jun e
-0
,6 )1
S r a u n M V r t M a y..........
47,192
---------82,566 1,911,231 i;s89,829
52,748
224,910
239,775 N . J . O n t A W . 2 , 1 wk J u ly■
k lB .B l
1,031.045
1-2.00!* I1,600,20
B n C B o e t A P in 2.1 w s j.d -,, 73,335s
7,.,751 1,715,587 1.094,252 5 - ' ; 8!L * T* V -b lu e .........
182,?*30 tfKMMMi
Buffs,!)* * Allan. M a y,.........
49.28
221,112
..190.774
.......... , ! Sortplk A* West. 2 d wk J u ly : 223,210 220,491 5,493.210, 6,007,353
JportheH’ncriAt
M
a
y
.....................
.1,-3
.
23.803
3,31,3
B a r e. Bap. A S' 2 d a r k J n lj'
65,077.
25,183
tS 3 & I,0s:t,6tf2 2,254,090
05,010
170,30 >
54.082
168,919
OanadlanPacMc 24 wk J u ly *77,0**409,00- 10,861,117: 0,931,653 S ort W i t (is, C.) Marc!).......
401.5 2 498.303 *2,554,115. 2,461,065
04f. M id la n d ... J u n e ........
2 ,»i«>:
2,936
24,5.19:
22,300 Korth’u Central May ___
Cent, at Uconrl»:2>t wk Ju ly ,
76.335:
81J>3» 2,519,631 2,585,184 S orth’n Facl.Be 2d wk J u ly 360,083- 410,981 8,310,860
2.834
Central at M. J M a v ..........
976,376 9.89,37 S 1,500,515 4,7(11,357 OeeitM * West. .)nn e .......
17,133; 8>7K
2,605
17,005
Central Facia®. M a y ......... 1,014,817.. 929,1*5 4.72-,357 4,5(19,197 OW eKH-er . . . . 2d wk Ju ly
458,904
10,347512,065
jte
lo
R
iv
.A
C
b
a
J
u
n
e
.........
12,04.8
Chart** t’nAitev. M a y .........
53,356
80.810;
11,110.
89,110
50,888
21*3,197
473,914
4 7 .5 3 8
63,135;
Char. A W , C a r.M itre b .... . 1 M M
314,289;
374,000
73,421
241,186
234,317 OhloBoutneni. j „ n ,.-.........
Oregon
Im
p
CO,
M
a
y
..........
808.600
C L-* * utda . . . -2 d w k Ju ly
21-1,972 192,551
____. .5,72
. . _____
__
________
1,296,680
202,5691,313,425
,151 5,377,340
to tg .lS lLA .V a v. Jun e . . ..
4 0 9 .1 5 5
371,113 1,068.420 1,1)30,160
a i s . B u . 4 U . . i M a y . . . ------2*806.061 2,451,618 13,910,71 1 12,867,540
4 0 3 ,8 1 2
4 5 6 .1 0 0 2,110,526 2,060,327
Okie. A lu M t III. 2 d wk J u ly
59,080
69.604 2 ,o t«,a o s 2 , 0 2 7 , 4 2 8 0 re g .8 1 i.L iu e .. M a y ..........
_ ____________
_______________
;.-.* .-.*ui
1.508.114
Chle. O t W w t 'i i 2d wk J u l y
73,562
69.181 2,438,416 2,438,827 P*ciao M a ll.... M ay........... 3862175 200.808!
Pennsylvania., M n y ..........5,085,5675,173,007 24,404,176 25,190,076
CMS. hid. 4 1 . J d w k J n iy
59.980
55,601....................
14,789
1 6 ,5 2 5
I 151,547
440,497
Q h te .M U .A S tP . 24 w k Ju ly . 597,622, 560.05914,060,99.115,7.8 2 ,9«4 P i-o n a lte o .A L v. 2 il wk Ju ly !
Pc ershurt.-.......M a y .............
0*2,808
58,533
259.563
253,346
Ohio. A N thw ’u J u n e .........2,014,527,2,K i2 .2 .13 H^3t.l,80>*15,493.1«7
Okie. A So, Pae. M a y ..........
Falla. A |rle.
.May..........
354,718
301,563 1,490,052 1,548,675
68,010
64,342
* -------------------349,014
3
:rj,*>
70
Cldc. IV -.A K t. C ISbwIcJ ne
Ph
i*.
A
Bead..M
.,y
.........
1,613,102
1
640.758
7,748,457
8,038,512
13.447- 14,973
440,77*4
387,94O W A tf* L A P . J tlh e ------- , 1,233,300.12J21-, 402 6Ji.85.ti28 *#16 8*701
Leal A Ir.C o .. M a y....... . 1.637 009 1.052,001 7,1-6,301 8,318,404
C h !e .e tF .M .A O May
T o t both O P t M a y .......... -3.250,711:3,8**2.659 ------------------ ------------ ~ ~
0 7 1 ,-i‘J 500,071 2,811.27 k 2,856,528
14.934.818
16,356,916
C blA A W. Mich. -2 * 1 w k J udy
56.801.
61,78*1
257,857
28,678
327,801
797,760
78»l 788 F h .te a d . * A . t . J u n e .........
» » lt
Oboa. Ok, A rialf,May..... ...
Phil
-.Vl.m.
A
1
*
M
a
y..........
824,768
801
058
..
.
.
57,707
7
431,303
431,005
Ctn-lia., A Porte. M
. ...
4.15"-.
4.721
1*4,049
33*5-86 P itte .C X .A 6 C L J u n e --------- V.188,(11:1 1,108,233 8,789,606
iM’j.Jlx* k.A dim Istwk M,», 12.084 11,278 233.360'
sAm
.........\
&A91 22,679 7«
230,468 PltlA, iJib -d tW ’a j mit*
.Pill#* t
& t»M, .juue
Ota. (r.o . & r. f . j i>.j
278,732- 1,718,712
5 3 :4 5 0 ;
301,877
205,4 00
54,320
-iSe WW® l .2*1 wIt J uly
Otey.CAls.ik80.. id wk J u ly
m>mr 36,022 888,864 927,701
» ,(» « :
14,968
„ ...
M4,nm
330.80
C L C la .O h .A »t.L 2d wk J u ly 325,604- 237,366 6,870,735 0,790,776
BU*s C td s T o i 2<i wk Jfuly
17,781)
423,447
14,766
429,030
Fee. A EaAt'ti. M a y .. . . . . , . 145,342 140.716!
Blit*. Fa . &F . _2d w k Ju ly
152.625
150.559
608.3 11
716,9— ‘
10.304
8.819!
01 Lor. mWheel. 24 w k Ju ly
17,987
24 wk J 11.tr
27,809:
049,57961.714 1,127.536, 1,555 845
57,350'
743,242
Col. M idland,.... J u n
195r072j
605,194,
173.142
145,874 153,568783,5081
603,168
Ot 1,850 FlttVoa-ii^.ck A. 4*fiHC* , , .
094 H . V . # T o l . J u n e ......... 213,057 196,989, 1,415,12.0 1,21.1.570 Qmmyu.kit K.C, J
114,830'
24.036
28.018
1-17,125
fiteii-FFkftb
Obi.
Mount A p r il
,
‘ A Red........................
6,079
M t iy .™ ..
76.475
306,165;
75,500
312,616
............
,2,191
............
&>!. 8und*y A H 3 wke Juxtr
118,500
147.265
34,021
46,964*
35,067!
49,828
348,674
313,909 J&feh. &F©U?r«b. M a y ..........
Ohlmw, A La k e ., J u n e .........
6 700!
8,007
1,500
235,260
167,238!
1,100
8.800
5,(100 Rto O r. SottilCa, 2 J wk J u ly
Crystal ............. .May............
1.471
51,000,
40,400 1,304.367 1,181,322
741
4.443
.-,,187 Hlo OFdri Wmt 2d wk Ju ly
0ainb*Pd Valley M a y.
1 0 ,0 0
50,509
309,904
530,026
14,0001
82,518
277.429
312,167 St.Jo*. &Qt. L ,. 2d wk Jtiiv
H e a r. A Rio *.tr 2 *i wk Jus-,
St. P. M a y ,. . . . . .
1.(0.700 130,200! 3,402,518 3,714,009 PkJU
117,818;
22,030
22,057
114,219
O m M .A K u n .c t t h w k J ’ne
3,378
Jmi*
24,t)«7
3,949
72,077
M J 6 9 8tJU K Bii’etdci
4,9SSi
Ose.M. M .A W . J u n e . . . . . . !
St.L.-&:Si*y3
Fran,
35,416!
.........
511,376
-M*y
2.403,909
454.31
2.391,107
33,357
192,8-1
213,902
Lftt-U .K u p.A W 2 ! wk J lliy
io n l& w w t. 2d wk J u ly
19,810!
68,100!
75,200 2,194,006 2.331 217
*20,438
836.690
588, 17
D e c * H w B n t r M a , .........
42.16(1,
630.218
625,536
138.81)2 125.254
43,852
2(3 ,8 40
219,793 S t Paul & D m ., Ju t (« .........
DilutUd.B . s A t: 2d wk J u ly
38.570
670,251.
777,253
47,057
763,423 1,115.310 BmA n t atA. P Stay........... 144,858 127.032
Iti
r * > i . M u
8
»a
f
r
a
a
,.t
N.P,
71,00(1.
334.020
79,169!
70,832
342
226
J
tiu
e
.........
98,589
410,833
843,34.
E rie
Mi
M a y ..........
288,133 1,508,321 1,141,976
?
J,7 1 0 ,'r 3 2,0j '.7**> U.,9S%310 13,867*512 Sav, FlmdtW
Bo.rekartnrtnjs. M a r.
S6»ii*r»i
A
ir
JUzkc
4,s»*>!
.A
pril
.
.....
8O3,(120i
24,493
24.13.
5. 007 :
270,8101
it c a *is.A fe *1*p s - M ?rk.i!ilj;
5,100
124,353
4,02*1
122 490
3,940
3,842
162,019 Slie.r.Sim* v,4 s «, ttb wk ,i’r*136,818,
*•.•»*»<*.,%.Hlett...
tJ
,
A <*. .M ay...........
1,680.;
■2.602
86,920
S t llif t
00.215
56,(131 811.
3.6,729
24.304:
K » ali-v . A "1. if . m
>\wk Jsjiy I f , 491 21,310 521,284 ■ 574,777 BUtmrUm
a! ulid
4 031 :
Pilot! burg. , . . .
t l .i i d .lane .
621.7’.!- 0 l7 ,# 5 « 4,798j»65- 2,893,808
10,787
2.5.16
■'0,375
2.6.17
Pilot. ,k P.M*r<i- 2d wkSmkgi *0,020!
*. -■1
U,*7.* 1,423,060 1.4:;.',673 8 0 . Facliih iH
FI a. Cent. A Fen. ‘j.4 wk Jiiiy i 30.-7*,
O aU iftF
M a y ...........: 337,037; 378,771! 1,810,574 2,015,634
;si . l 6.1
Ft. W th A iJe o d ». tfd w k Jtilf' i
U«M1F a.
10,400
378 870
M a y ...........
5,8 2
481,594
70.041
60,905
410.502
13,960
F t W. A Kin *i r .
rr. r
l'f#Ss4’:
M a v..........
39* >.101 385 ,-51 2,106,807 1,081.743
137,980 i iW / im
ri.vis. A A lt, 0 .
JSf.-Y/T,drH es. M a y ..........
83 J
81 031
4*3HO
5,43*2
23 841!
16,940]
110.751
Oenrxln it R .. . . .
w k Ju
T*
33,816
. o n .. M a y ..........
540.746
771,391
730,070
118.057
97,408
034,265
1 93
rieer,-(a A Ala:,
: w* Jti
17,02-5'
AU. P
Mas-..........
iM!,.dW
1107 5,088,805
Ul/2 i
ria. Car"la A 5'o
t(o, IJ -.
Pweiil
M a y ...........2.651 2 lb 2 ,420 ,2 6;112,230 607 12.268,* 31
m¥M £t j iiih -iM '
8 0 *M
FJ% ,. J u o # ....... . !
Tut;
rii
40*7027 ' 425,241.
M ay. . . . . . 3,807 307'3.542.024:16,-366,921 18,323,064
@f, H4 &>Mlad lid wk Ju ly !
S
o,
Pa
i*r,0S5|
4# ' 1,048,110
M a y ..........
780,271 760,522 3,753,037 4,076,518
&&.iL a jpfcw,: *id w lfjfily! •7 . i-ifj
Bo*. Pa nfAr
M a y ........... 212.638' 180.021' 1,062,817 1,007,433
F m r itT w lift? . i*Jd wk J m y :
Wft?
501,671
18(i,Pa
2ii*011
l i n y ...........• 120,470
96.74.1
>70,005
20,1-85
M.m«C*. R.4%1 ^* 1 wk Jal> i lySOJ.. Z M li
N nri.'i rn B y . M » > _____
787.415
172.722 161.861
787,501
67,724
T # C all. M
mm\24 w k Ju ly | mjm)
; X,3S4,052 tiedtijurn tif
2.1 wkJ u ly 320,404 3x5 673 0,801.809 9,474.006
Qtmift T r a n k . .. !’24 w k J u iy
110.064
9#103,584 . 0,01 ,3 -5 0jM,k.l**b. J
A p r i l .. . . ..
54,168!
29,896
201,375;
A fir. T r i.'lakWk j rtlyi
S0 JIS T * B & 13 4,41*8,810 1,058,460 ShmyCL *
7.303
M> M a y ...........
2,010
2,411
0.024
;l4twk J u ly
404,816
2937 HI 477,^22
451.320 Otifmeit Br
•May..........
06,319;
79.2,42
333,002
fStu&ML&jfao'- D S w k Ja ty
370,627
Lj c. \
m y im
87,746|M »y ...........
07,040:
00.881
800,640
T»LB.m$mk iatw k #«dy{
Ter,'I both - V S ta y .........
1 , 7 5 #;
775,442
j
M ,653
133,368: lK i.l* .1
601,511
Qmmt N o rU i'h - 1
113.717
B f i u Cen t! at !l»tw k .fitly*
5,007)
3 027
100.362
8C F . M
eA U
e s .U f.i
87.7.-.0 3,340,811 1,020,407
: 184*403 % 1.28,01-1*! 0,260,407 TfixfwiV p-SMutfe ]2d w itJ# ty
Kswtof liinoh..! Jdlifi
45,59 ’ i ®m, D07 1 7 m .m 2 Test. 8 , f . * SCW j May .........
12.020
2 , 0 - 1;-,;
2,5641
13X90
149*51#
MmitmmZhwi :J u im
lf4 «2 i£
1,?4y8J0' mn/i.w . 1*50,007 Till AiJlilOt . iil. 2(1 W k .fill},
3>0,843! 46,244! 804.56:* 953,075
Tvt
\
575,84 b
7,074.670 T o t P, * -West. ['.’-*1 w k.iiliy
I jittl.K l * 7,7-(t.
1.0,418-! 17,3*20!
453.939
^v mvi 10,127'
WitB*mni^t1<LJ\J
7,372
-57,912
* 0 l .8 t -L ,A K ,0 jts tw k ju ly
30,132!
40,241 1,071,097 1,010,458
Unit fc CM««iw*>
2A7l> 2,151
20,695
1.1,537 Union Puuiilc—
TanA W,l
5,433
5,032,57.’*
5,341
21,172
10,345
Colon j-. B E . |M a y ...........' 1,2 so,536 1,109,014 j 5,404,06
Tf>A,tSw M a y”11!!
179/227
A.-tid
p.
1,148,187 1,125.0-3
120,425
3 5 ,U » j
23.30.sj
177,601
f^ntrA lf
■ ...
117495S6 11690115 110008181 110374048 Ac.li.J.l W 5 F j f c
fad. Um.tkWmt. ■
358,324
' 3dw l Sun®'
7»gg6'
C.-nt Cr.iriei)
789 9
104,702
212Ji39
M w k Jills14,0*)*)'
0,0001
501,000
THE CHRONICLE
148
Latest Gross Earnings.
K o ad s.
Week or Mo
1897.
1896.
Jan. 1 to Latest Date.
1897.
1st week o f July
1896.
$
$
$
XJn.Pac —(<7on.)|
281,880
52,961
407,826
79,381
Oen.Br.&L'dL
Gr’d total.*c May.......... 1,455,140 1,257,979 6,545.644 5,831,320
61,512 1,657,763 1,521,794
76,938
Un.P.Den.*G. IstwkJuly
Wabash............ 2d wk July 195,563 230,529 5,781,718 6,297,160
91,290
13,850
85,383
14,451
Waco A North w.
801,843
823,050
194,393 204,39 2
W. JerseyASea’e
455,772
472,875
98,155
98.247
W.V.Cen.&Pltts
119,86 2
117,942
31,706
34.547
WeatVa.& Pitta. April........
217,537
257,169
46,214
38,177
Western of Ala.
59,900 1,337,764 1,42 5,413
54,700
West. S'. Y. it Pa. latWk.I uly
723,545
530,425
29,850
18,080
Wheel. A L. Erie 2d wk July
186,484
186,696
56,180
52,869
Wll. Col. A Amt. March----2,210,175
98,Ot1- 2,139,565
WlseonsluCent. 2d wk J uly 101,217
39,723
5,771
33,109
.
5,372
Wrlghtsv.ATeu.
24,846
25,826
5,700
6,031
York Southern. May..........
• Figures given ilo not include Oregon Ry. & Nav., Un. Pao. Denver*
Gulf, Denver Lead villa * Gunnison. Montana Union and Leavenworth
Topeka i Southwestern, aTue.se figures i .elude results on leased lines.
b Includes earninjs from rerrios, etc., not given separately, t Mexi
can currency, c Include only half of lines in which Union Paoific has
a half interest.
(I Includes operations of the Ohio. Burlington A Northern In both
years.
§. Covers resets of lines directly operated east ot Pittsburg.
1 Includes St. Louis Alton A Terre Haute for all periods.
Iowa Central..........
LouIbv. Hend. <S; 8t. L ...
Northern Pacitto..............
Texas Central...................
Un. Pao. Den. & Gulf___
Wisconsin Central..........
Total (79 roads)..........
Nettnorease (0-11 p. o.).
[ Vol , LXV.
1897.
1896
$
29,337
8,287
334.695
5,007
76,988
98,033
30,140
9,563
426,954
3,927
61.512
89,308
6,489,895
6,482.479
Increas
P ’orease.
*
1,080
15,476
8.725
354,373
7.41G
803
1.296
92.259
346,957
Net E arn in gs M o n th ly to Late it D a te s.— T h s table fo llo w
ing show s the gross a id net earnings o f S t e a m railroads
reported this w eek. A fu ll detailed sta te m e n t, in clu d in g all
roads from w hich m o n th ly returns can be obtained, is given
onoe a m onth in these colu m ns, and the latest sta tem en t o f
this kind w ill be fou n d in th e C h r o n ic l e o f J u ’y 17, 1897.
T hs n e x t w ill appear in th e issue o f A u g u s t 21, 1897.
Gross Earnings.— , ------ yet Earnings.
007
1 OllO
l1397.
007
-i1896.
go1897.
1396.
Roads.
$
$
$
$
B kit. & Ohio South w.May
50 1,483
43i,903
151,281
143,024
Jan. 1 to May 31____ 2,436,554 2,459,060
6 )7,698
709,960
July 1 to May 31....... 5,576,593 5,909,853 1,657,309 1,965,411
11,839
9,276 def 1,582
Des Moines * K. C...May
2.445
60,527
Jan.
1 to M ay 3 L.......
4 3,456
9 ,4 3 1
17, l l 5
L atest fc} ‘Ois E a rn in g s by W eeks — The latest w eekly earn
G'audRap.Gas
L.
Co.
June
8.292
ings in the foregoing are separately sum m ed up as follow s :
6.639
Jan. 1 to June 3 J . . .
... . ...
62.791
56,932
For the second week o f Ju ly our prelim inary statem ent
30,104
31,9 )2
3,111
10,958
covers 68 roads, and show s 1‘29 per cant increase in the Keokuk & West’ o.b .May
151,102
Jan. 1 to May 31. . . .
170,298
33,8)2
6 3,3 )1
aggregate over th e same week last year.
Monterey & Mex.G'f.May
117,671
90,813
57,091
25,915
N. Y. Sun. & West b.Juno
182,5)6
182,0)9
82,952
77,619
Increase. Decrease
2<f treek of July.
1897.
1896.
Jan. 1 to JUQ6 30 . . . 1,0 >9.200 1,031,9 45
416.416
439,334
July 1 to June 3 9 .... 2,243,823 2 ,2) ),372 1,012,50 3
951,421
*
$
$
$
3,333
3,313
743
241
26,621
Alabama Gt. Southern...
369 Northeastern of Gs.May
28,993
23.303
Jan. 1 to May 3 L. . . .
25,133
5,731
6,767
1>,4»8
21,418
Ann Arbor................ ........
1,968
Phil. Bead. AN.Eng. June
56,951
10.807
61,783
8,4 39
2,368
19,706
20,238
237,857
3 27,8)1
27
Jan. 1 to June 3 ) . . .
107,472
B ■It. A Ohio Southwest..
107.445
93,4 77
92,029
4,534
647,474
July 1 to Juoe 30___
Buflalo Booh. * PIttsb’g
75,335
70,751
746,5 >9
197,052
200,674
Burl.Ced. Ban. * North.
65,077
61,012
3,935 Pitts Youngs. & A..June
193,0 *2
173,142
98,752
57,449
Canadian Pacific... . -----47 7,000
409,000
68,000
605,191
693,1 >8
Jan. 1 to June 3 0 ___
2 29,318
217,524
76.33>
81,086
4,7Jl
71,093
BanFr. A N Pao___June
7),852
31,057
29,571
213.972
21,421
1 )2,551
331,629
342,22)
Jan.
1
to
June
30
—
72,421
8
1,0*2
0 lea go & East. Hllnols.
59,080
69,604
10,524
July 1 to Juae 3 0 ,...
737,095
799,961
21),113
232,581
Chic. & Great Western..
73,582
4,381
6 9,181
Chic. Iodmnap * L ........
58,936
55,601
Tenn. Coal I. & RR. June
3,38 5
38,550
73,546
Chicago Mil w. & St. Paul
597,622
. .. . . . . .
41,561
Jan. L to June 3 0 ....
556,058
26 7,001
459,683
On. ag>AWest Miohlgat
26,676
28.911
2,235 Western Gas Co.—
Clev.C uiton «fc South’ll..
8,033
11,968
6.9 >0
MilwaukeeGas-L.Co.Tune . . . . . . . .
3 3,219
24,725
225,004
Ole .Oil.O hio. * St. L ..
12,364
237,368
Jan. 1 to June 30 . . .
2 39,921
201,588
OUy. Lorain & Wheel*#..
17,987
27.609
9,622
D enver* Bio Grande...
139,700
13 >,200
9,500
b Net earnings here given are before delueting tares.
Det. Gd. Rapids & West.
19,8 LO
20,436
626
Duluth So. Shore & Atl
38,579
47,957
9,273
In te re st C harges a a l S n r p l a i.— Tne fa llo w in g r o id s, in
Evansv. & Indianapolis..
5,138
5,840
672
Evansv. * Terre Haute..
19.49
1,921 addition t o t h e i r gross a i d n e t earnings given in the fo r e
21.315
Fla. Cent, * Peninsular..
38.570
7.407
31,16)
going, al so r e p a rc c h a r g e s f >r i n t e r e s t, & o . , w i t h th e s u r p l u s
Flint. A Pere Marquette..
50,828
43,979
6,819
or delis t a b o v e o r b e l o w those charges.
Ft.VSorth & Denver City.
18.480
13,966
4,514
Georgia..............................
.----- Int., rentals, etc.----- , —B U .ot Eel B a r n ' s »
23.816
19,848
3,963
Georgia A A labam a.......
1897.
17,8 25
1896.
1397.
16,273
1,547
1896.
Roads.
Grand Bapids & Indiana
33,618
633
37.9 35
8
Cincinnati B. & Ft. W ..
San
Fran.
&
No.
Pao.
June
7,413
19*101
19,213
11,953
761
6 ,65 1
10,358
Traverse City................
July 1 to June 30 . . .
229,219
675
1,005
239,517
10.369
330
2,034
Musk. Gr. Rap. <fe Ind .
2.061
1,803
238 Team Coal I A R R .Juae
47,777
47,831 det 9.227
28.632
G"and Trunk of Canada.
379,289
6,2oi
373,038
Jan. 1 to June 3 0 ___
281,652
237,394 def. 19,953
172,334
International & Gt. No..
44,432
45,83 3
1,406
29,081
27,524
1,557
Kanawha tV Michigan___
STREET
RAILWAYS
AND
TRACTION
COMPANIES.
10,253
1,615
8,638
Kan. City Ft. 8. <fe Mem..
67,193
71,521
4,328
The fo llo w in g table show s tha g r o ts earnings for the latest
Kan. City Mem. <k Blrm.
15,233
17,243
1,963
Kansas City * Omaha. ..
2,759
1,26)
1,499
period o f all s t r e e t railw ays fro m w hich we are able to o b
Kan. City Pittsb. & Gulf
39,623
11,247
25,376
tain w eekly or m o n th ly returns. The arran gem en t o f the
Kan. City Sab, Belt........
9,896
8.050
1,846
Lake Erie A Western.......
53,586
63,868
10,232 table is the sam e as th a t for th e steam ro ad s—th a t is, the
Loulsv. Evansv. & St. L
23,494
27,373
3,879 first tw o colu m ns o f figures give the gross earnings for the
Louisville Hend.dc St. L..
9,602
412
9,190
latest w eek or m o n th , and the last tw o colu m ns the earnings
Louisville & Nashville...
395,390
368,990
26,400
for the calend ar year fro m January i to and in clu d in g such
Mexican Central..............
195,9)2
23
195,972
Me xican National _____
96,413
latest week or m on th .
88,354
8,058
Minneapolis & 8t. LouU.
39 917
39,5 to
407
STREET RAILWAYS AND TRACTION COMPANIES.
Minn. 8t. P. & S. 8te. M ..
81,288
66,914
14,374
Mo. Kansas & Texas.......
163,445
173,173
9.781
Latest Gross Earnings.
Tan. 1 Jo Latest Date.
Mo. Pacific & Iro iM t___
376,000
363,000
13,000
Central Branch.............
11,000
9,000
5,000
G ross
N. Y . Ootario & Western
80,611
82,566
1,955
E a r n in g s .
1897.
1896..
1897.
1896.
Norfolk * Western..........
223,270
220,491
2,779
Northern Pacific..............
869,983
416,991
47,008
Ohio River....... ...............
$
T
17,005
18,347
1,312
9,354
42,251
9,258
Peoria Deo. & Evansv...
41,064
14/789
15,525
736 Akron Bedf'J & Ciev J une....... .
4,299
4,38 5
18.283
Pittsburg * h astern___
13,869
57,359
61,714
4,355 Amsterdam St R y - . .
Anderson
El
St,
Ry.
4,362
21,139
Rio Grande Southern___
6.700
8,007
1,307
Atlanta Railway .. . June .
8,393 ""8,7*49
40.999
Rio Grande Western.......
42,159
5L.00D
40.4)0
10.600
12 3,820 121,399 610.322 593.894
Baltimore Traction..
St. Joseph A Gd. Island..
14,000
10,000
4,000
1,704
1.931
8,717
St. Louis Southwestern..
9,241
63,400
75,200
6.800 B ith St. Ry. (Maine) J une........i
Bay
Cities
Consol___
6,554
8,696
Southern Railway..........
329,464
325,573
3,891
Binghamton St. Ry... " i v ..........I 12,065 12,725
Texas * Pacific ............
95,115
87,730
7,385
6,948
7,983
Toledo * Ohio Central...
20,843
46,244
25,401 Bridgeport Traction. 2d wk J uly
29,872 29,836 151,283 142,066
Toledo Peoria & West’n..
16, 118
17,320
902 Brockton Con. St. Ry.
Bf-’Jilyn
Rap.
Tr.
Co.—
Wabash..............................
195,588
230,529
34,961
427,313 407,496
Brooklyn Heights..
Wheeling * Lake Erie...
2,199,270
13,010
29,850
16,770
63,185' 66,023
B i-’klyn Qu'ns* 8ulo. June...
Wisconsin Central.........
340,800
101,217
98,015
3,202
Total for system . J une.,
. 495,493 4 7 2 ,5 19'2,
2,540,070
March,
Buffalo
Railway........
Total (68 roads) .......... 6,283,563 6,203,741
335,154
318,591
238,764 CUesterTraotionfPa ) Maroh.......I 13,519
33,683
Net lnorease (P29 p. c.)..
...........
. . . . .. . .
79,827
2,541
City Eleo. (Rome.Ga.) J u n e ....... J
9,883
795,510
ZZFor the first w eek o f Ju ly our final statem en t covers CleveDnd Eleotrie... June.........1139,617
Cleve. Paiusv * E . .. June.........I 8,093
79 roads, and shows O’l l per cent increase in th e aggregate
Columbus St. Ry. (O.) 2d wk July 10,801 13,137
over the same week last year,
~ ----Coney Island & B’lyn. June....... . 34,441 34,786'
152,744! 158,643
Danv. Gas El. Light &
June .. .
8,206
Street
Ry................
50,831
7,736
43,795
1st week o f July.
1897.
1893.
Increase. Decrease.
62,243 62,713! 276,563 281,831
Denver Con. Tratnw. May___
Detroit Citi'ns’ St. Ry. 2d wk July 123,002 2 2,437 559,383 531,403
$
$
$
$
Detroit Eleo. By........ May.......... 34,171 38,407 166,101 171,312
Previously rep’d(66 r’ds) 5,78 5,981 5,713,450
320,161
247,630 Duluth St. Ry....... . April......... 15,923 17,564
58,490
65,707
Evansville <fc Richmond..
1,680
2,602
922 Erie Elec Motor Co.. June. . . . . . 12,737 13,694
63.283
71,463
Fla. Cent. <fc Peninsular.
46,814
39,930
6.834
14,559 13,528
Galveston City R y ... March___
39,845
44,175
Georgia & Alabama.____
19,250
17,427
1,823
Herkimer Mohawk Il
I
Grand Trunk—
3,447
ian * F'kfort El. Ry. May..........
3,806
Chicago A Gr’d Trunk.
60,287
63,313
3,026 Hoosiok R y................. June.........
671
835
3,330
4,011
Det. Gr. Hav. & Milw..
19,614
20,378
764 Houston Eleo. St. Ry. J une......... 17,347 17,833
92,595
95,403
Cin. Bag. & Mack..........
2,192
2,419
257
Interstate
Consol,
of
Tol. Bag. & Musk...........
1,750
1,526
224
North Attleboro___ June .
10,649 10,891*
57,913
56.355
TH E
J uly 24. loOT.J
C H R O N IC L E .
latest Brass Mamings. Jan. 1 to bases? pan.
WeekorMo 1897. 189ft 1897.
1896,
~
*
$
*
24,604
4,973
4,934;
R y------ 'J a n e ..........
25,125
Qxom
Exxmms.
Kingston f'!ty
Lvhi'pl
!u*i ------" J u n e .,..—
L u m .o n -t. Kv. p-an,), J u n e .........
Lowell U v , .v. Il-i *.. J lin e .........
Metrop •Kansas P ity) 2ft wit Ju ly
Meiro W-S d** (Ohlc.i J u n e........
Montgomery st. « y .. Jane .......
9,1.-..3,512
9,'J0 d
8,365
41,5-54 39,349
10,180 . 37.31
66.185
5,-166
5,215
(30.67 ; 110,12 192.134 i 173,76* i
8.312
7,97t
4 “ ,936
43,920
192,* 70
927.500
57.433
38,7*2
1> 6,362
92n,a94
'•-‘ 7,048
•26,512
639,0.42 602,752
Montreal 3 reel Ry .. J u n e ....... 341.610 542,185
Na«M.a KJeo. (B 'k iyn ) J u n e .........
84,363
StfswhutsUE;l*etiiu.-, J u n e ------...
36,388
X e w E ielautl St.—
42,076
42,681
W iu«iu»-ter A re ... March....... : 14,695 14,33‘
6,(*40
2.14 ■ 2,06
Piyui t l i* Kingston Mureh.......
6,096
4-(.777
48,116
Total.
......... Mareli, ... 17,037 16,490
19,' 85
5,23' ! 5,129
2(>.4« 4
New .Letition St. R y .. Ju n e
111,4o3 .13,564 054,567 681.73.)
New ■:> leans Traction J uiie
Norm Store Traction 2d » k J u ly 34,814 4 ",. U - ; 70 .Oe8 711.308
1,65 s 1 2. -67
7,366
O v-nusbur* St, K> ... Ju n e .........
8,049
158,256 155,73 <
Patetsou tty .......... J u n e ......... 30.804: 27,951
1,319
1
6.754
Piu*5. p i.Soil. El. By. M a y ..........
3,111
2*<,823
31,011
7,7* 1: 8,454
Po’ke* psle* W app.F. M a y...........
9,114
30,9«0
34.1 l I
7,124
R »x *tt< ti-ILJc Not'n J u n e .........
34,744
7,119; 8,85."',
3a,5i5
Behoyiktti I » o m „ M a y ...,—
2t<,235
Helm} Ik ill V .t. Ira c . M a y...........
5,016; 5,290
Sc* on ton AParboniTe, A p ril.........
2,85*2 ...........
16.3-84
Scranton * Pittatou .v o n l.........
4 ,6 6 2 :...,.
Sorat mu Bullway.-.. J u n e ......... 23.4s7 29,27* 162.645 161,778
Second Are. (f'H B b i M a y........... 85,431 89,173 *194,&St» '297,224
18.37 4
45,795
S y r -eu*r E**t-sideHy .J u n e .........
2 ,7 4 t.
3,4 * 7
.
21*2,007
Syracuse B », , T r . R y .'J u n e ....... . 34,038 36,*.V
6u,9*l
T i-r r* Uaisle Hr*. Ry.; a y ........... 1 2 , 6 *3 ; 13.7.7
S9.4.-4
T h in ! Atetina iN .Y .i. J u n e .........
— ; ----------- 1,256.493,1,292 ftla
lo to n iu try . .
J u n e . . . . . . 61,533; 84,70
m .«-> «* t> 1 , 8 17
T w in t tty Hap, Tra n . A p r il.........I i 3 .s l i 150,3 •
: »><»•,IS 618.586
101 53 ■ 102,767
U tlu n | a, Bedfnru). J u n e ----- Is ,738 20,-04!
0* ,08 l 827,821
Unoeil r .# rt. (Pruv.y J a n e ........ l i t ,94 15 307
U i.lt. r r » « . .Beading)’Jan e ......... 2 0 1 0 6 Is.** »
24.7 44
24,8
WfOmflatit dt 8'one ... -J u n e .........
5,300; '0,04**
W V eroory T r otiou.. Ja m * ......... 23,2 3 2i', >S 118,*32 i 114,602
> 6,94 1
tU .i 41
W h.ellbir B a t'w a y ... M a y .......... 1 3 ,« l« 16,13
227 *1«; 33 ,4S i
W llktab. it o y. v a lley J u n e . . . . . . 3.*,0tJ 4 3 ,l« l
• Include* 1 eeuits on Norm Side fraction Company, wtoott w m leased
F «!.ru «i ft 1 8 9 0 , ts the Seeotd Ave. Traction Co.
Mir.*ot R a i lw a y S « t E a rn in g s .* — T h e f o llo w in g ta b le g lTe s
th e r e t u r - s o f S t r s e t r a il w a y g ross a n d *,esearavog 8 re c e iv e l
th is woeSc. I r e p o r t in g those n o t eureka** fo r th e s tre e t r a i l
w a y s , w e a d o p t tiie s »tn e p a n m t h a t f -r th e -te a m r < >1 * t h a t is, w e p r i n t e a ch weetc at! th e retur* 9 re c e iv e d t h t
tre e * , b u t o o t » a m n t h (o n th e t h i r d o r th e f o u r t h iia t u r l * y .
w e o r ln g to g e th e r a ll to e r o i l s f o r mil tu g re tu rn s , . d the
latest s ta te m e n t o f t h is h in d w ill be f m o d in she C h r o n i c l e
o f J u l v 17,1887, T i le n e x t w ill a p p e a r la th e issue o f A u g u s t
21, 1897,
-(frost gaming*.------,.------ .Vet g a r n « r > . - 18*46
1»97.
1807.
1398.
floods.
%
Akron Bed. A C Ie r ... Jane
si,3-’>4
J*M . I !t) J u n a J O -----42,251
B m k t m iO M 8*. B y,,Juno
39.87*
Jan. 1 1 0 Jane 3 0 ....
151,283
Clcariand E le e m c .. June
139,616
Ja il. 1 to J u u « 3 o . . . .
779.61*5
Clcv. Paine*-,;. A K. June
0,W3;
Jan . 1 to June 30___
30,218
D * »v tin# E l.- U,fc8-b B y.Ju ne 6 , 2 0 6
Jail. 1 lo Jitoe 30----50,831
.Elite* Co. Elevate*!—
Ja n . 1 lo A.tr. 1 1 .......
189,720
Lowed f.- w i 'w * Il.Jn c e
41,534
Jan , l w Ju n e 30___
192,070
M ts; W.eidoBi ,< b to.Ju n e
6«,*05
Mar. 1 to fane 3 0 ....
278.312
M onum uery m. B y Ja n e
5,466
Jan. t to Ju n e 30___
27,043
Noa-bure Bt<*«- 8 t.K y.Jan e
6,242
Jan . 1 to Jana So___
34,363
Ja ry 1 to J u n e 30___
s3,6e8
Near hondoHSf. By. June
5,236
Jan. i Co J u n e 30 . . .
19,985
Mew Orleans rtacc. Jahe
111,493
Jun. ! to Jane 3 0 ....
651.567
North Shore frw A 'B Ju a e
130,216
Rttxb’gb t’be*t H iU A N .Ja n e
7,424
J » n . I to June 30 ___
30,900
W U k m b .A W y .Y y .rrJu n e
39,043
227,710
J » a . 1 to Ju n e 3 o ....
A N N U A L
•
9,258
41,064
2K.936
142JM 6
140,577
795,509
7.736
48,795
197.555
39.323
166.36*2
* .430
8,409
3,764
34,843
46,112
251,303
4.1*24
15,970
3.220
22,943
*.538
11.472
54,51*1
61 41*'
266,873
02.032
17, 5s
67,33s
49.893
14,569
64,834
17,496
95,222
5,120
30.494
113,504
661,730
137,269
9.114
34.111
43,101
230,431
2,870
12.769
3,923
12,401
35,103
1,860
3,991
32,0 45
224,414
33.587
2.053
6.670
21.643
122,117
3.023
13.233
2.942
12,704
36,437
2,090
4.043
47,000
304, .37
56,250
3.322
7,768
23.233
123,407
R E P O R T S .
A n im a l R e p o r t s — T he foH ow iog Is an in d e x to all annual
reports o f steam railroads, street r a i l c a r s and xnbetllaneoas
© o m p a n le i
wmch hme Imm p u b lis h e d
since th e
Imt ed ition s
o f the fS'VgSTOKS’ AH0 SfBEST RAILWAY StJPPt-BMSMTS.
T h i s ind* x does
not in c lu d e
R A ILROAD a Ni> M isc k L. Co*S(Can.) R a il r o a d s a n d - MESceL,Co,8(<7o?i..>
Volumes «4
65.
Page. Volumes 64 and 85—
Page.
Lamson Coasdl. Store Service, .. 1*87 Peoria Decatur &Evansville.. . 1039
Loaisvllle &N s'« v. (prel.mmarj-). 110 Philadelphia Company (C a s )...... 999
Mahomn# Coal R R .............
. . . . 885 Pitt. <'in. CMo. & gt. L
775, 796, rOi
llexle&a Central...............837,830, 815 ; Pittsburg B"t Wayne &CMcago.... *23
Mexican relephone. ...............
Zf$
P. Lorillard Co.....................
Michigan Central .. — ................. 885 Sfc. Joseph A G and Island............ 841
M -naotniheia River. ... ....... ,910, 998 Southern Cotto n Oil .......
1179
New Enghi no Tel,eg A Telco....... 949 Southern Pacific .......
..871, 839
New » ork Cntcago &St. Loafs..... 888 Sunday Creek Coal.. - .......
797
North American Co................. . 1179 Union Pacific............ ....... ... . . .. . . 840
Ohio River. .................................... 997 United Stares Rubber,...
.. 998
«fregoii'-.Short Line E E . . . . . . .. . . — Si 1 West,tnghouse Elec. & Mfg.......... 1222
Pacific Mail Steamship....... .1640, 4 3 Wilmington & Northern........... 949, 998
P&aiisylvaoia
(
& Company.
. . . . . . — aS-i l
Mexican International Railroad.
( R ep ort f o r the y e a r en d in g D ec. SI, 1 8 9 8.)
On subs* qu**nt oajees are published at len gth th e rem arks o f
P k sident Thus. U H ubbard, as giv en in the report, and also
uod* r ‘ •investment n ew s” w ill be fo u n d an item rega rd in g
the re-arrar gem en t o f the bond ed d e b t, w h ich has been agr. ed
u p oo. A 8>atenn-nt o f opera*ions, earnings, ch arges, <&c,,
haa been com p iled fo r the C h r o n ic l e as fo llo w s *,
OPEBIHOSg,
1895.
1896.
683
588
111,480
102,-58
1894,
5’ 3
77,450
1893.
573
74,577
ktiomrt r< “.............. 13.951,755 12,553.963
8,798,655
Tab* (r*t c*r. (tneti let
525,851
4**9,641
376,-34
*;
“ I kit*.’*r« -166.370,763 146,532,703 120,375,844
* 0 - 0 2 1 1 8 B**edah nillca.
9,225,837
335,200
21,109,641
Ml'so operated, aver,
P*-sBu«**rs ea rled .
Pas*** K*.'-s o«r‘a one
BABanros » n*o txrE sacs (bxxican
re p o rts in fc-da>-'s C h r o n i c l e .
I t 95.
$
280.618
2,197., 63
186,0*5
1894.
$
208.552
1,878.974
r*6,595
1893,
$
210,024
1,743,140
08,160
T o ta l............................... 2,912,107
2,664,126
2,169,121
2,050,933
M s i o t o f v s r and strucl's. 528.286
“
of *qulpm snt. ....... 349,540
P*«Hli suing t>an*(ioitaPQ
709,583
General — .. ........................ 319,8 7
430,642
334,5 <4
837,713
204,466
Co.'s*,
Pam,
R a i l e d a o a s o MimnuG®** (Con.)
Tfritime* * 4 ait4 65—
I’wsr.
---- -k H hrfefsnf Valtey.. . . . .
li 1A t i#kv,4|,*nY| 4
AMmma B«li
w&k-.*+»..*
w? | v O W ‘H'{**‘,il l«*“
. .. . . .. . I I T >'■''**
Ajusnetlo To1m<m ................... i»ia Crarjai** Wm
Sfl*H» A IS.
WmMmym Cn4m Imp. A
.. 917
MUh.t I#ras-la.................. -•'»
...
KhHUW*Sf.wa.gf* ttnu*TS. ,...,:
- H
»i
vm». p
fkmmaiam F iw s ts© * * ...- .***... f&t l *rk* I n l s r w h s T.'.ff.
Cmtvf%l ¥tmikn
.. ........ :
F i t ;■.%i n r<* v
f
.............. *!-N*
Burl. A Q a liK f.tiSS,'‘‘As, 7U% * E*»rt Worth k Dearer C ity ..... , ..nm
Chlfi. iLjrk fpl. A Fjfcc l»*SV. lOSi. lt».
KlfsetncCc>*,.. . . . . .. , . . .s>,I, -h is
CSicssac,*A wmittm InMumu, ..... L'S'- nmtmbtk Uthuma •
k
. t< vf *
$Mmw* A- - *mh w ^t-«srn,.. .*,*, *., issur ■
i him# - % w m *
pm .IjukS-ifTTllif* Tftfuptt «.%K. W - . - •I"'-infe A VTfssiOT.......... ............ lit“7
tWmua mirn'tk Cep . .............. Pm «
OR«lfiaftt) A Mu*IofiSurn T a ller.. W
Cmmn m* 8*> 4 c& „....... .
no
330,0631
258.331 1
510.201 f
182.421 }
T o ta l................................ 1,847.087 1,597.355- 1,281,816
Vet rarnlue*........................ 1,005,022 1,060,771
837,305
*£W i. *m vm* tL .S , our*
retcy and other item s..
deb. 9,331
106,126
1,301,394
749,539
93,262
1,057,440 1,083,432
Total iH e x .c u rre n c y ).
642.801
Per st.of op e*p to earns
61*29
59*85
63*10
59 09
* InclaJetl below In Infl -me account under “ HlswjUaneou*. ’
Dl COM3 ACCOOJCT (0 . ®* G tm fcd lC rL
1895.
1996.
1894.
1893,
s
*
$
#
r**ui net. ........................... 546,163
548.070
5 '5 .6 2 7
561.867
*
Otherinooine .....................
1,95-*
71.437
64,651
To ta l ..............................
f.v,( a—
fut*'tfmi oa Load
Mlsi.atlaneou*.................. ..
540,463
550,018
617,064
620.518
587.860
30,164
560.000
11,104
siw .ro o
10,112
560,000
17,477
aucftirrs: wt> list fM itrnsi 1
' -*( to Dfr. 3Ul, 190*
on
t i n t t t x o m m r ( o . «,
M K* U*<*»*).! h r’ h r* .#31,457.2 »4
4*lil’c«!.ir*m!iti**l r*d.
J 5.023
ti t*l.
#31,854,257
Rztnndrrtdneinj'nt—
Brauoh lire . M »t»(Tj.**r**« to & r* g o *a.. ,
Add'Qt to (uimol'd r*d.
[ .-tkfi Krl« A Wh -Mfim...... . - ......... 1221
Shorff..
coahkncy)
Received la Dec, 31 >t. 1395—
.
C imtnoa * lire * ..........416,97,5,0’ 0
i*'!r*t iBorr, bond*___ H .6 3 7 ,0 0 0
Tot*!.
$31,612,000
■iereteeddxrmg’38—
K lr«! ruorf. boumi, ...
497,COO
497.000
4 5 .S H
T . . U '.......... ................. $32,109,000
Balance to *M4»neral
T o ta l,...
,... , .. # 3 2 , 3 9 5 , lf l
HaUooe rtb e * f . . . . $286,101
...— Th e m I* .Ittc In resf.-i’t o f tbe eonetniotlon of lines, but not
;**t t » . $t,733.2 * of the o a n lu i slock, wbleh wben fsaued, w ill
raetease th* r*»«r «t lint* sail oat»tnu41t(it #h*re« by 'bat, amount,
GENERAL BALA.SC* StiBLT BBC, 31, 1SB6,
B a to e e from prcTtoa* table..............
Mrxtran
Current)/.
-........................
*'**b, V.*w York.................................................................
Payment for « . oer*l offle*-, .. ...............................................
Piicltli! liupr<»Ti*ment C » ......................................................
Ai.et* t>4 Mezie >, ft';,.*
Cash ......................................................................... 4162,802
Met loan ooB*ol. 3"., bond*......... ............. . . . .
35.169
MeAtOAti nooKOl. *- bmiA* ......... .
...........
5,900
ARen"* <aa*t ooilitaeuir*......... ..........
24,154
lo*l|v I'iiia s »o<l anmpADlea................................ 146,978
Tr*81e bulaooe*.... .............................................. *251,928
Stork<»f supplies ................................................... 345,652
$977,605
Valued at 50 bests on the silver dollar................ ...........
T o ta l....................................................................... .
....
Uexican
Currency.
A o ls .— F u l l faced, fig u re s re fe r to V o lu m e S3; p la in ty p e to
VolufiBe 64.
R a il b o a o s a an* M w c s ju
Tmmmmtit 0mS
cokben-c t ).
1896.
Earnineji—
4
. . . . >M M 319.196
Prelght............................ . .. 2,309.593
-23,018
M fa trlU O W W ...................
To ta l................ .......... .
»14.02 4
571,101
570,112
577,177
By.......* ........................... di-f.71.561 aef.2l.076 »«r 76,952 sur.49,041
1(101000*1 la ** Miscellaneous" ea nlBJin above,
110, 46*
5,215
20,512
7,976
86,385
M 9
tr.s.
Currency.
$286,101
455
35,855
213,708
483,832
jX oalTeT a
U
8.
Currency,
Balanoe tn-t revenue..............................................................
$5 80,‘ 83
84,118
Soother# 1’aalrt*.* Co,,............................................................
Interest accnifit on bonds to Dee. 31.181*6,
on i*iMij»m» dun aiirnb l , 1897...................
- ....................
201,788
UaUmUz in .i/rzico. tis.i
Vouch** r* an*! p a y ro ll* ........................................ $199,389
tfnc;»H»f!*l wiig*-r-............ .......................
18,455
ll s t<.<! fu n d ..........................................................
5.086
Unadjusted M co sa ts ................................................
I t . 187
B»o* *vai fund ................................
66.703
Valued at 50 rents on the silver dollar.
Total.......................~ ...........................
- V . 63, p. 559.
$303,831
151,015
$1,024,653
150
Central o f Georgia Railway.
( Income for year ending June SO, 1897—June
T H E
C H R O N IC L E .
[Vol. LXV.
Asbnry Farit & Belmar Street By.—Bonds Invalid.— At
Trentcm, N. J., July 21, Judge Kirkpatrick, in the United
States Circuit Court, filed an opinion declaring invalid the
The following statement for the late fiscal year, the month
$75,000 first mortgage 6 p. c. bond issue of this company, ex
of June only being estimated, has been issued, barely three
cept so far as chose that may be in the hands of innocent per
weeks since the close of the year, showing a surplus of $305,079 over ail charges. President Comer says : “ This $305,079 sons.
In his criticism the Judge called attention to the law which
will go to the credit of profit and loss, which account will be
Charged $140,278 back taxes which have been in litigation and provides that before aDy work is done a sworn statement
$59,534 receivers’ obligationa, making the total amount for must be filed with the Secretary of State that one-half of the
capital stock has been paid in. This statement was filed with
tbeBe items charged to profit and loss $205,812, leaving a bal
ance to the credit of profit and loss from the year’s operations the Secretary of State, but the Judge says it was an untruth
ful one, only $7,500 having been paid in.
of $99,266.”
The road recently passed into the hands of the Atlantic
B E C E IF T S , E X P E N SE S A N D C H A R G E S.
Coast Electric RR. of Long Branch.—V. 64, p. 1223.
1896-7.
1895-6.
1894r5.
1893-4.
Earnings—
'
$
$
$
$
Atlantic He Pacific RR.—St. Louis & San Francisco RR.—
Passenger............................ 1,392,218 1,300,785 1,128,911 l,218,8f5 Central Division Bonds.—On Monday the holders of certificates
Fiei Ut................................. 3,527,745 3,566,974 3,401,533 3.533.L4H
other.................................... 385,347 501,000
456,964
427,557 of deposit for Atlantic & Pacific 4 per eent guaranteed gold
trust bonds authorized the sale of the $2,794,000 Central Divi
Gross earnings.............5,275,310 5,368,759 4,991,408 5,179,508 sion first, mortgage 6 per cent bonds held by the committee
Operating expenses............3,274,459 3,450,498 3,225,997 3.375,886 to the St. Louis & San Francisco RR. for $300,000 in cash,
Taxes....'"............................ 180,968
158,989
154,474
15-1,474
with interest from July 1, 1897, and $1,500,000 of 5 per cent
Total exps. ami toxes.3,455,427 3,609,487 3,380,471 3,530.360 gold bonds of the said oompany, to be securrd by a divisional
first
mortgage upon the said Central Division; the said bonds
Net earnings ..................... 1,819,883 1,759,272 1,610,937 1,649,148
‘ Other income.................... 327,173
408,037
273,456
311,908 to carry interest from June 1, 1897. The arrangemsat is to
Total income................. 2,147,056 2,167,309 1,884,393 1,931,056 be consummated as soon as the title to the Central Division
can be vested in the St. Louis & San Francisco Railroad Com
D ED U C T IO N S F R O M IN CO M E F O B Y E A R 1 8 1 -6 -7 .
Interest onfunOeii debt$l,523,900 |Total deduot’s from ino.$1,841,977 pany by purchase under foreclosure of the existing mortgage.
Other deductions........... 318,077 [
Net In com e............... 305,079 The purchaser is also to pay the expenses of foreclosure and
reorganization, including the expenses and compensation of
•Exclusive of results of Georgia Railroad lease for years ending the three committees.
June 30,1894,1895 and 1896.—V. 64, p. 610.
As it will be impracticable to distribute among the certifi
cate holders the $1,509,000 divisional mortgage bonds to be re
Railway Equipment Company o f Sinnesota.
ceived on account of the purchase, and as the holders of
(R eport fo r the year ending April 30,1897. J
large amounts of said certificates have expressed a desire that
President GeorgeCoppell has furnished the following the committee should arrange to sell and dispose of the
bonds so as to be in a position to distribute cash to the certifi
statement of operations for the late fiscal year :
cate holders, the committee has obtained an offer from a syn
1896-7.
1895-6. dicate to purchase and take the $1,500,000 of divisional bonds
Rentals......................................................................... $84,870
$90,486
Income from investments............................. ......... 14,450
9,016 when received, and to pay for the same at the race of 65 per
cent and accrued interest. The committee will thus realize
Total inoome.......................
$99,320
$99,502 from the sale $1,275,000 iu cash, with interest at 5 percent
Charges—
Interest on bonds, first m ortgage........................... $34,051
$37,558 per annum upon $300,000 thereof from July 1, 1897, and upon
D ividends..............................................................(6%)59,790 (6%) 59,790 the remainder thereof from June 1, 1897, for distribution
Miscellaneous......................................................
1,205
1,340 amoDg the certificate holders.—V. 65, p. 68; V. 64, p. 1181.
Baltimore & Ohio R R .—B. & O. & Chicago Suit.—Judges
Total charges........................................................$95,048
$98,688
Balanoe, surplus for year............................
$4,274
*814 Goff and Morris, in the United States Circuit Court at Balti
more on Friday, granted an order enabling the holders of
GENERAL BALANCE SHEET M A Y 1 , 1 8 9 7 .
first mortgage bonds on the Chicago division of the Baltimore
Assets—
Liabilities—
Equipment....................$1,334,388 Capital stoolr............
$996,500 Sc Ohio system to sue in the courts of Ohio, Indiana and
New trust of 200 furni
First mortgage 6 s ...
548,000 Illinois for separate receivers for that portion of the property
ture cars .....................
100,000 Aoorued interest....
13,700 known as the Baltimore & Ohio & Chicago RR. The order
Investments.................
157,270 Insurance aeoount..
1,236
Accrued Interest..........
556 Balance, surplus___
44,115 was the result of a compromise reached by counsel for tbe
Cash & bills reo. in N.Y.
11,013
bondholders and the present receivers, and carries with it an
Cash in London............
284
agreement that no attempt will be made in the Western
Total........................... $1,603,551 ^ T otal............................ $1,603,551 courts to obtain possession of the road. It is understood that
tbe mortgage holders will appeal in Chicagoffor receivers,
-V . 63 p. 227
and upon their appointment oring action in the Baltimore
courts for possession of the property.
Objections to Issue o f New Certificates.—The Mercantile
G
E
N
E
R
A
L IN
V
E
ST
M
E
N
T N
E
W
S.
Trust & Deposit Company of Baltimore, trustee under tbe B.
& O. consolidated mortgage of 1887, filed an answer in the
Reorganizations, Etc. -Latest Data as to Defaults, Reor United States Circuit Court Monday to the petition of R e
ganization Plans, Payment o f Overdue Coupons, Etc.—All ceivers Cowen and Murray, for permission to ourchase addi
facts of this nature appearing since the publication of the last tional rolling stock to the amount of about $2,003,000.
The answer recites that the cost of the proposed new equip
issues of the I nvestors’ and the Street R ailw ay Supple
ments may be readily found by means of the following index. ment will be $2,345,550; that the receivers propose to abso
This index does not include matter in to-dav’s CHRONlCLEt lutely guarantee $653,760 and interest exceeding $250,000,
See index in Chronicle of June 19, page 1179, for additiona- thereby, it is claimed, constituting a great burden upon the
prospective income, and in case o f any default in perform
small companies.
Note,—Full faced figures refer to Volume 65; plain type to ance of the entire contract exposing to loss the pay
Volume 64.
ments theretofore made;
also, that the mortgage
held by the trust company is upon the main division
R a i l r o a d s a n d M i s c e l . o o . ’ s.
R a i l r o a d s a n d M i s c e l .C o ’ s (O o ?i .)
Volumes 64 and 65—
Page.
V o lu m e s 6 4 a n d 6 5 —
P a g e. of the road, and that it does not appear that the proposed
A m . G rocery ....... receiv. denied.887, 1180 O hio V a lle y -----saZe.954.1137; 6 9 . I l l
new equipment is required for such portion of the road, and,
A tla n tic Coast L in e s .............consol. 887 O maha & St. L o u is . interest on ctfs. 2 7
Balto. A Ohio... .coupons.811,1040; 68 O regon Im p ro v e m ’ t. .reorg.800,843, 902 therefore, to the extent of its not being so required, involving
Do
P atterson <5c Corw in report. 999
Do
DO
. .C0UpO7W.lOOl.lO4S
Do
....... R eceivers’ certificates. 1 1 0
P e c o s V a lle y ............................... reorg. 122* a diversion of the revenues of the main division and possible
Calgary & E d m on ton . in t. payin’t. ‘2 6 P eoria Dec. & E v...reorg. plan.1012. 1137 inability to meet the payments of interest upon the bonds
Cape Kear&Yad.Val.salti as a whole. 1223
Do
D o first mtge com .1089,1137 secured by tbe consolidated mortgage.
Carolina T en n essee & O h io ... .sold. 1000
Ho
H o ....... coup, paym ent. 1225
Cen tralia & Chester . ___receive)'. 1137
Ho
, D o ..n ew 2d mtge. con?. 2 7
The trust company, it is stated, prefers that the receivers
Central P acific .protective measuresAOM St. Jo s. & Gr. Isl. .listing n ew sec ur.1130
should borrow foreign cars and pay mileage thereon, rather
Do
. . . . extension o f 1sts. 1180 St. L. V a n dalia * T . H ---------- coup. 843
Ho
................ Committee. 1223 San D ie g o L a n d & T e r m .......... sold. 1181
than purchase equipment as proposed, and reiterates that it
C h icago & A l t o n .........div. reduced. 887 Sum m it Br.cieposits.955, 1002; sold, 1 1 2
Chic. A N o. P ..j)lan in fuU.888, 898, 951 T e rre H a u te A L o g a u s p o r t..coups. 1043 is not necessary to incur obligations for the purpose of in
Do
n ew com pany.1000. ‘2 6
U nion P a c.col.tr.Os o f 1891 depos.758, 902 creasing the business of the road, which is the avowed pur
Chic. & N or. W cat. jrej finding.12z3\ 6 9
D o coll. tr. 6s o f l891.coZitti.844, 902
C hicago & W est M ichigan ...c o u p . 842
D o coll. tr. 5s, o f 1883................. t»02 pose in the petition.—V. 65, p. 111.
e s tim a te d . )
Cin. J a ck son & M ack in aw ___rcorg. 842
D o coll. tr. 6s o f 1879................. 902
C olorado M id lan d..fra-ecLSiS; mwo.1181
D o K ansas C en tral.......fared . 799
Do
reorg. plan.1221, i 226
Do
equip, bonds. & int. paid. 1002
Colum bus & H o ck . Coal A I ..m m ;.1000
Ho
................... plain operative .1 2 2 8
_ , Ho
Do
recurs, ctfs. 1041 . . . H o
............................... coupons. 7 0
Colum . H . V . & T o l..consol.deposits. 754 U tah Central........................ sold.955, 1227
Ho
Do
....... coupons. 842 W h e e lin g A L a k e E.deposits uf-lsts. 955
„ Do
Qen. mtge. 6s.l041; Com .1224
Ho
Do
— reevrs’ ctfs. 1182
Col. Sandusky A H o ck recur.1088,1137
Do
D o LakeE .D iv.C om .1228
Illin ois C e n tr a l.... bond issue3*4%. 952 W ilm .N e w b e r n & N orf..safc.l228; 1 1 2
J a ck son v.Tampa & K. W...forclos. 888 W isconsin C e n tr a l. ...cou pom .84 4. 903
J oh n G ood M . & C ord.reevr. asked. 1 1 2
St r e e t R a il w a y s .
K ansas Central . . . .saie.1041,1181, 2 7
A sb u ry P a rk & B elm ar..............sale. 1223
.L exington (Ga.) T erm in a l.......sold.1225 B altim ore T r a c t io n ............ )
. , 1QA
L ittle R ock & M em ph is........... sale. 1181
C ity * S u b u rb a n .............. £ consol. 1180
L ou isv. E v. & St. L . E. R.& E . com . 6 9 B elle City ( R acine, W is.).?-cori7.68, 1 1 1
M arshall Coal C o .......... com m ittee. 6 9
B rooklyn E le v a te d . . . .
deposit,s-,1137
M em phis A C h arleston ./ored . stay 799 Capital R y ., F ran kfort, K y ___soM llSO
„ _p o
........i n t e r e s t paym ent. 1225
t h S t .& A rsenal (S t.L .)..so 7 d .6 9 . I l l
N . Y . Cent. & H . I i----- .re fu n d .75b, 2 7 4
K ings C ou nty E l e v a t e d .........reorg. 1002
N ,Y .& U arlem .re/u n 'L ' 755.953. 1001, 2 7 N o .W e s t'n E l.(C h ic.).C o t.Go.int. 1 1 2
N ortheastern R R .o f Ga..recvr.943, 05* P e o p le ’s R y . (St. L o u is ). saie.1041; 6 9
Do
Do
saie.1001; nobids.1225 P ittsburg St. R y s — consolidation.\181
N orth ern Pacific T erm ... .in t. paid. 2 7 Saginaw
C onsol. St................... rector. 1043
O g d e n s .* L a k e Cham p.int. to be p ’dl089 U nion St. Ry. (S agin aw )......... recur.1043
Belle City Street Ry. (Racine, WIs.)—Sold.—This road was
sold on Tuesday to the bondholders for $150,000 and will be
reorganized at once.—Y. 65, p. I l l,
Boston Elevated R R.—Estimated Cost.—The Massachusetts
Railroad Commissioners on Wednesday heard the petition of
this company to issue $15,000,000 of capital stock. Engineer
Kimball explained cost of construction in detail. He esti
mates the average cost per mile of construction, including
foundation, rails, &c., but not including stations nor elec
trical equipment, at $296,949, and the total cost of con
struction covering a distance of 10'29 miles is fig
ured at $3,055,605; equipment $962,000 (53 motor cars
at $10,000 each and 144 trailers at $3,000 each); three
terminal structures, $500,000, not including land; three
power stations, $1,600,000; twenty-five stations at $25,000
each, including arrangements for transfer from subway,
J uly 2-4, 1897.]
T H E
C H R O N IC L E .
$637,000; signals and sw itch es, $107,000; electrica l e q u ip
m en t and th ird rail in sta lla tion , $34,488; t ital estim ated
co s t, e x clu d in g land dam ages. $6,946,000; la n d dam ages are
figured at a m a x im u m o f $5,089,786, m in im u m estim ate
$8,120,491, D ecision on th e p etition w as reserved. Chairm an
S a n ford , o f th e Cottymisslan sa yin g : " Y m m a y be assured
th a t th e board w ill d o all in its p ow er for th e ca rry in g o u t of
th e enterprise a cco rd in g t o w t a t it believes w as th e purpose
o f th e le g is la t u r e .” — V . 85, p. 111.
B r o o k ly n E leva ted R tt.— To B e E quipp ed w ith E lectricity
— This co m p a n y is about to advertise fo r bids fo r eq u ip pin g
its road and roilin g stock for op eration b y e le ctricity . It is
u n derstood the Sprague unit system is preferred. P resident
Uhl man n is reported as fo llo w s ;
The u n it system , w hich
in clud es the third rail and th e electric sh oe tran sm itter, is
ju s t w hat w e need. By it du rin g the rush hours w e can run
a train o f five ears w ith one m otorm an a n d d u rin g th e du ll
hours w e can run but on e car if necessary. Each ca r is to be
equipped w ith tw o m otors, ju s t as the trolley cars are n ow ,
and b y a m ech a n ica l dev ice the m otorm an can m ake each
ca r propel its o w n w eigh t at a m and the sam e tim e. By
the unit system w e save the exp en se o f fo u r ex tra m otormi n on s train o f five oars.” — V. 64, p, 1137.
C en tra l o f G e o r g ia W h .—E a r n in g *.— A statem ent o f earn
in gs fo r the late fiscal y ea r in com parison w ith the tnree
previous year* is given under the b ea d in g ‘ A n n titi R e
ports” on a previous page, and on page viii, in o u r advertisin g
colu m n s w ill ha found a v ery full statem ent regarding this
co m p a n y prepared by the hanking h tu se o f H arvey F u k ft
Sons. T he statem ent includes a table o f earn ings for each
yea r since 1888, w ith th e ex cep tion o f the yea r 1893. and is
valuable as sh o w in g the stability o f the ea rn in g pow er o f the
property fo r a lon g series o f y ea rs, and that the paym ent o f
present fixed charges w ould seem to be w ell a -su red .—V . 64,
p, 810.
C itizen *’ S tre e t ® 8 . o f I n d ia n a p o lis .—I n d U a * T h re e
C en t F a re Law . - F - d c r a l C ou rt A g a in D telarex L i w C nconttitu tio n a l.— A t In dianapolis, on Thursday, J u d g e Show alter
handed dow n his secon d decision in th e th ree-cost car fare
coso. T he decision follow s the tine o f his fo rm e r opint.m in
the sam e case, w h ich declared the taw unconstitutional. The
J u d g e holds that the charter o f the street railroad cn.noHity
con tain s a con tra ct by wbten they co u ld nos ch a rg e m ore
than five cents for a ( lo g ic ride ov er their lines, and that this
con stituted a con tra ct w h ich the L egislature co u ld n o : ignore
by passing a la w red u cin g fares t o three cen ts. The C ou rt
assarts that although the Indiana Suprem e C ourt has held
the law con stitutional. this fa ct place* net ob liga tion u pon the
Federal Court to fo llo w a sim ilar cou rse. Tits in ju n ction restrain in g the co m p a n y from ch a rg in g other than a -Vonit
fare is con tin ued. The case m ay n ow be appealed to the S u
prem e C ou rt o f the U n it d States, pen din g w hose decision th e
co m p a n y m a y con tin u e to co lle c t tlv e -c ;n t fare*.— V.R4, p .l 180.
C o lo ra d o X i d t a a l S & — Plan A p p ro v e d .— A t a m eetin g
Of th e holders o f certificate* o f deposit o f C o lo ra d o Midland
bonds, held at th e C entral T rust C o. on T hursday, th e plan o f
reorgan ization prepared t>y the R eorganization C om m ittee
(and given a t length to the Crttto.vtci.z o f June 26, page* 1234
and 1226) was adopted by a vot t o f #4.353.000 o f first m ort
gage bonds and $2,268,080 seconds, Tire dissenting vote la
said to have represented on ly $3-1,'Xu bonds.
It is ax*.
pect»<l th a t tha sale o f t ie property w ill t i k e place in, Sapi. in 'u r .— V. 65, p. 89.
C o lo m b o * H o ck in g T a lle y A T o le d o l l j . — X o tk v R egard
ing B ep oaiti o f B o n d s.— J. P . M organ & C o. g iv e a c t toe that
a ft tr A u g u rt 14 a panaity w ill he affixed fo r fa rth er deposit*
o f terads under th e a greem ent for reorgan izin g. —V. 64, p,
E rie UR. — N orth ern R ll. o f New J e r s e y , — C on trol A s
su m ed ,—O n Tuesday the Kri* form a lly assum ed con trol of
ttse N orthern, which w as purchased last week. A a**w organ*
ixsUOB was effected at a m eetin g held in the E rie offices, and
th«* fo llo w in g direcior* and officers w ere elected : D irecto rs—
E 8» Thom as, J , (4. M cC ullough, Cba*. P a in e, Or. M, Gtimrtltigu, A . E. !> o n * ld w « , A. S. H ew itt, 0 „ H . Contour, J o h a
W . G riggs ami H, Q , M aiqaatvj. OjUkert—President, E. 8 ,
T h om as; Vice-Pre-sidsnt, G . M. C u m m in gs; Secretary, John
A. M iddleton. T h e road w ill be operated b v the Erie as a
separate corp oration , as it ha# M en in the past,— Y . 65, p. I l l ,
E v a n sv ille & R ic h m o n d R tt.— R eceiver D iseharge/i— By
order a t the C ou rt this road « m this w eek taken ou t o f the
hands o f th e receiv er and turned o v e r to th e E vansville &
T erre H aute, w h ich hold* the stock a n d has reorganized the
o mpatsy as the E va a rviile f t R ich m on d R ailw a y, - V . 64, p.
663.
<’ <■tier.il 1 lee tr ie C om pan y rS,
P a ten t In va lid .— The
L’ « s , C lfc o it C ou rt o f Appeals on T h itr^ K y deoidw i t'* it this
y « t D vpcete trn fh 'y p a te n t, eew erfag th e tr o lle y a r m extend*
l o g from th e c ir to the overhead w ire, ow n ed b y the G eneral
E lectric is in valid, thus m a k in g it poerible fo r any trolley
co m p a n y t > U’ C it W ithout p a y in g roya lty to General E lec
tric. T oe G eneral E le ctric people cla im th a t th e decision is
o f little con seq u en ce, as th e patent had on ly on e year 11 run
and does not a ffe ct the agreem en t w ith th e W .-tin gO O rse
E le ctric ' •<>.- - V . 64. p. H I , 848,
(JeoiTitl E le c t r ic R a ilw a y (C h ic a g o ). - O - r / t c u d T rolley
O rdinance V etoed.— The franchise* o f thin com p a n y w ere
r- oently declared vali I by the Illin ois Su prem e C ou rt, and it
w as exp ected th at con stru ction o f its fine on the south side
151
o f C h icago w ould hegio at on ce.
The com p a n y , h ow ever,
petitioned the C ity C ou n cil fo r perm ission to ch a n ge its pro
posed m otiv e p ow er fr o m u ndergroun d trolley to the overh ead
trolley system , a lle g in g that o w in g to the d efectiv e and im
p erfect system o f sew erage a n d drainage in th e city , the su c
cess o f the u n dergrou n d e lectric system w ould be ex trem ely
d ou b tfu l. The M ayor last w eek v e to e d the ord in a n ce p e r
m itting this ch a n ge o f m otiv e pow er.
The C h ica g o C ity R a ilw a y has filed a b ill to en jo in the G en
eral E lectric fro m con stru ctin g its lin e on W abash A ven u e
north o f 39th Street and on P ly m ou th P la ce .— V. 64, p. 1224.
K in g s C o m ity E le v a te d lty. ( B r o o k 1y a ). — Q u a rterly E a rn
ings to M arch S t.— E arnings tor the quarter h u d for the nine
m on th s en din g March 31 h ave ju st been filed and sh ow results
as fo llo w s :
3 Months End. Brass
Wei
Other Interest, Balance.
March31. Earn’,IS. Earn'gs. Income. Taxes. Etc. Deficit.
1307 ................ $189,720
$48,915
#100,748
197.535
62,032
4.103
94,095
27,955
1 8 9 6 -7 .........
337,358
1 3 9 5 -6 ............. 580,277
135,465
104,195
12.182
10.863
292,825
273,904
145,178
69,046
189B ..............
9 Months.
Loans a n d bills payabte M arch 81, 1807. $317,500; interest
on funded debt du e and a ccru ed , $270,856; a ccru ed taxes,
$122,271. Caab on h an d, $17,830.— V . 04, p. 1001,
M erch a n ts’ T e r m in a l R y. (C h ic \rn).— In co rp o ra ted .— This
c o m p a n y has been in corporated iu Illin ois w ith a ca p ita l o f
$75tMWi) to build % fine co n n e ctin g th e C h ica go froigl\$ te r
m inals o f the P en n sylvan ia, th e C h ica g o ft A lton a n d the
C h ica g o B u rlin g ton & Q u in cy roads w ith each oth er and w ith
the lake traffic term inals. The im e w ill e x te n d fr o m a poin t
on Stew art Avenue, south o f W est T w elfth Street, ru n n in g
n orth and northeast to a p oin t on the w est bank o f the south
branch o f th e C h ica go R iver south o f W e r t H arrison Street.
A system o f sw itch es w ill m ake con n ection s w ith all the
railroads in-that vicinity.!
M ex ica n I n t e r n a t io n a l R R . —R e a rran gem en t o f B on d ed
D eb t.— B y agreem ent betw een the com p a n y and the b o n d
holders, the bonded indebtedness is to be re-arranged b y su b
stituting for the outstanding $15,134,000 first mortgage 4 per
Cent ootids, the fo llo w in g securities:
£i,2o0,0i)0 4t£ per cen t 50-year p rior lien sterlin g bonds.
$4,835,000 4 per cent 8 0-year first con solid a ted m ortga ge
gold bonds.
$4,438,000 in com e bonds.
T h e effect o f this re-arrangem ent o f the b in d s w ill be to r e
du ce the fix ed charge# front $805,380 to a b ou t $448,650 per
annum , A ga in st this red u ced Interest ch a rge the last year’s
net ea rn in gs after d ed u ctin g all exp enses, in clu d in g interest,
discount and ex ch a n ge, v iz: $516,298, w ou ld h av e sh ow n a
surplus o f $67,6-42.
The prior lien sterling bonds are secured by a first lien upon
816 mih-,'-. »> m g all the ex istin g road e x ce p tin g th e Tiahuatilo
branch o f 13 mites. T h e i-wue o f bonds u n der the m ortga ge
is lim ited to £1,300,000,
T he first con solidated bonds are secured u pon th e sam e
p roperty as th e prior lien bunds, and also by first lien upon
the Tlafiualilo branch a nd upon the fo llo w in g lines w hen
con stru cted, viz.; From O natro Cienegtts to the m in in g re
gions o f Sierra M ojada. a b ou t 107 m iles; from R iata to M onte
rey, aiwttt 72 m iles; fr o m D urango to G uan acevi, w ith a
branch to the* m inin g region o f P rora on torio, a b ou t 100 m iles,
The n ew bonds m ay be issued as fo llo w s :
C>»n eaaer-fisUoaof prerent firsts ........................ ............... $4,639,000
To retire no* prior lion »t«rilo* homls............................. . .
6,000,000
To baud propose.! Uranflbr# at not exoei-(UliK$10,00<> *
mile, about 363 miles............... ............................................ 3,090,000
For additions, betterments and Improvements at not, more
than *200,000 in any rear.........................................
800,000
Total................................................................................ ...*15,120,000
The proposed n ew m ileage m ay s lig h tly ch a n ge the am ou nt
o f con sol, bonds that w ill be required, but the m ortga ge p ro
vides that in no case shall bonds bo issued in excess o f $16,
000,060.
It w ill be seen th at the sch em e o f rea dju stin g the corn pant ’# bonded debt has been ca refu lly w orked out. It brings
the fixed ch arges w ell w ith in the present ea rn in g p o w e r and
provides f o r the con stru ction o f a large a m ou n t o f n ew m ile
age w ith ou t e x ce e d in g the a m ou n t o f m ortg a g e bond* h ereto
fo re ou tstanding. The provision m ade fo r add ition s, betterroi-nts and Im provem ent* is im p ortan t aa regards th e su r
plus earning* app licable to interest on th e n ew in com e bonds.
—T h e annual report o f th a M exican International, w hich
Isas b -,in delay,.,! et» a cco u n t o f th e negotiations o v e r the
funded deb t r> - trrangem ent, is published on subsequent pages
o f this i&suq o f th e C h BOSIo Le . A n ew feature in this rep ort
i» the certificate as to the accu ra cy o f the a ccou n ts sign ed by
Mesair. Price, Waterhouse ft Go., chartered accountants.—V.
83, p. 559.
Mint ra ck A Kite? R iv e r fia s ,™ E q u ita b le Has L ig h t# —
O kjiictwM to C ow toU d diisjji,— T n e directors o f th e E q m ta ole
Gas Light C om pan y at a special m eetin g on M on da y re
solved to n otify the stockh olders that the Board was opposed
to the plan o f con solida tion w t h the East R iv er C om p m y (as
noted Jo these colu m n s last w eek), and a dvisin g said s to ck
holder:-- n ot to deposit their holdings under the plan.
A ctive negotiation., have been pen din g this w eek tow a rd an
agreem ent upon a price to-be paid fo r Equitable shares to se
cu re con trol o f tfiat com p a n y . It to u nderstood the stipula
tion is m ade that the m in ority share* shall receive the sam e
price.
152
T H E
[V ol. L X V ,
C H R O N IC L E ,
The plan for the consolidation of the companies provides paov shall be canceled and released of record, the stamped*
for the issue of a $15,000,000 mortgage at 5 p«r cen-, $ 0.000 - extended 4s, of whioh there are only $> 787.00) outsca ding,
000 cumulative preferred Btock and $5,000,000 common stock. will then be a first mortgage upon the coal estate of the Read
ing Coal & Iron Company.—V. 64, p. 1227.
—V. 65, p. 111. 112.
Savannah Thunderbolt S Isle of Hope R ailw ay.—Increase
New York & Ottawa It It.-In c o r p o r a te d .-At Albany,
N. Y ., on Thursday, this company was incorporated to con o f Stock.—This company, into whioh the Savannah Traction
Co.
has been merged, has dectd d to increase its capital,
struct a steam road in Franklin County. 18 miles long,
extending from the village t.f Moira northward to a pot at stock from $50,000 to $t,60'>,000. The company willalso ifoue
on the St. Lawrence River. The capital is $480,000, in $100 bonds for $1,250,000 to he used in paying for the property re
shares, and Charles B. Hibbard of Moira has subscribed fur cently purchased.—V. 64, p. 1089.
$473,0(0 worth of this s-ti ck. The company’s principal office
Summit Branch RR.—Safe Confirm0! . —The sale of this
is to be in New York C ty. The directors are George Foster road, reported in these columns last week has been con
Peabody, Spencer Trask, R. B Moffstt, Gerrge B. Moffett firmed. Under the plaa of reorganization the oi l st rck is as
and Alexander M. Wh te, Jr., of New York City ; George H. sessed |3 per share hut it is und-rscooi that no ass-s<raent
Maddiek, of Boston ; Charles B. Hibbard of Moira ; Charles will be made much before next September, as it will take till
J. Peabody, c f Eoglewood, N. J., and Henry Sanger Snow, then to c rry out the necessary preliminaries.—V. 05, p..
of Brooklyn.
112.
Ogdensburg & Lake C h a m p la in HR.—Interest Payment.—
Terre Haute & Logansport RR.—Sale Ordered —The
The Centra) Trust Company of N. Y. will pay the coupon due United Stitts Circuit Couit at Indianapolis
Finlay issued
April 1, 1896, on pr> sencation of i s certificates of deposit for a decree i rdering the sale of this road.
The nromity
the consolidatrd (now firs') mor'gage 6 per cent bond-", said was leased to the Terre Haute & Indianapolis.—V. 64, p..
coupon being paid by order of United States District Court.
1043.
Y. 64, p. 1181.
Union Elevated RR (Chicago).—Loop Completed. —The
Ohio Southern RR.—l o r closure Proceedings.—An ad UnioD Loop is now practically completed and th- Lake S reet
journed hearing in the foreclosure suit of the Cei trai Tru-t I Elevated and Metropolitan Elevated are expect d to begin
Co. will be had at Lima, O., on the 31st insfc., when it is ex- operation of trains over the line about August 1 1c is thought
pcotid a df eree of sale will be granted and the upstt price that the S iuth Side Eleva'ed will also be ru> nir.g trains on
fixed at $2,0(0,000.—V. 64, p. 566.
the Loop before the beginning of che year. - V . 63. p. 6i 2.
Olean (N. Y.) Street Railway.—Stock Increased.—The
Welshach-L'vht.—Annual Meeting.—At the aimual meet
New York State R ilroad Commission has granted the appli ing on July 9 President Barrows presented his report fur the
cation for an increase of its capital stock to $800,000.
fiscal year ending April 30 last. 1he price of the company’s
Penm ylrania Midisnd RR.—Committee.—Charles P. product to the trad- sustained a reduc'ion compared with .be
Searle, ot Boston; James C. Holden, President of the National prtvi us year of $148,168 on the selling value of the goods
Safe Deposit Company of New York, and J. S. Winslow, Vice- sold, yet net profits were increased. Number of sal-sand
President of the Casco National Bank, Portland, Me., have renewals of lights for the year amounted to 2,281,155, as
been appointed a committee for the purpose of securing the against 1.931,050 ffi 1895 6, a gain of 350,1< 5.
It was s ated that progress was being made in patent litiga
deposit of 5 per cent mortgage bords of the Pennsylvania
Midland Railroad with the Casco National Bank, Portland, tion, and that while no cases in this country bad been carried
Me., preliminary to a reorganization of the company. Of to the courts of last resort, several had in Great Brit in ai.d
these bonds. $51(1,000 have been issuid. A receiver was ap other countries, where decisions in favor c f the W dsbach
pointed in 1895 and $200,000 of receivei’s certificates have light had been sustained.
The report says further that in the current year the com
been auihoiizi d for completing part of the road. Receiver is
pany expects to do coi siderable business in S utr America ;
John W. Rutherford, Bradford, Pa.—Y. 62, p. 726.
that reduction in cost of manufacture and exoei ses had been
Pittsburg Bessemer & Lake Erie R R .—Ore Traffic from
and that advantageous contracts for raw mateiials
Lake E rie—The “ Commeicial Bulletin” prints the toJlowing: effected,
“ Officials of the Pittsburg B-ssemer & Lake Erie Railroad had been placed.
Dividends amounting to $412,745 were paid during the year
expect to begin hauling ore from Conneaut Harbor, Ohio, to
Pittsburg early next month. Construction on the uofinisbed on a capital stock of $515,932, being 80 per cent.
The board of directors was re-elected as follows : Thomas
portion of the road between Butler and .Pittsburg is about
completed, and indications are that the famous steel cars, Dolan, S. T. Bodice, Randal M irgan, W E. Ba rows. W. W.
which are to carry fifty tons each, will be put into service in Gibbs, Edw. O. Lee. Isaac F. Richey, Officers- President, W .
a short time. This road, commonly callt d the Carnegie line, E. Barrows; Secretary and Treasurer, Edward G. Lee.
W iUes-barre & Wyoming Ynlley Traction.—A’o July Div
is laid with rails that weigh 100 pounds to the yard. It will
carry ore from Conneaut Harbor, on Lake Erie, to the fur idend.—The dividend uruady paid July 31 on the $5,(100,000
naces of the Carnegie Company, and coal noith to ihe Lake capital stock of this cotnpanv has been passed, the money
Erie terminal for the Lake Superior iron mines of the Rocke going into improvements, Dividends of I per cent have
feller syndicate. It is Baid the new line will start in busi been paid each January and July since January, 1896 —V.
ness with Carnegie-Rookefeller contracts which will insure it 64, p. 607.
a tonnage of 4,000,000 tons annually. With the exception of
—The formation of the new accounting company, sty led
the ores which Carnegie will require for mixing, all of the
iron ore for the Carnegie furnaces will be hauled over the “ The Audit Company” , noted in our last issue, has been well
received, and its services are already in demand. The inde
heavy steel rails of this road.”
*
*
*
*
*
,*
.*
pendent examination of accounts and reports upori properties
“ The Carnegie Company will have its ore transported by is a st rt of service the importance of which commends itself
the Carnegie line for 53 cents a ton, and this low rate is without any argument, and the Audit Company having at
worryiug the ir n and sted manufacturers of the Mahoning its head men of established reputation is assured a large
and Shenango Valley, for even with the reduced rates now in and growing clientele.
effect on other roads they are obliged to pay 62j^ cents a ton
—An attractive circular giving facts regarding certain
for iron ore from Lake Erie.
Southern investmer ts has ju.-t b en issued by Messrs. Mtd“ It is raid the Pictbburg Bessemer & Lake Erie has made a dendotf. Oliver & Co, of Baltimore and John L. Williams
traffic arrangement with the Western New Ymk & Pennsjl- & Sons, Richmondvania wiucn will give the Carnegie line a Buffalo and Roch
ester connection, and, by means of the Philad Iphia & Read
Trust t'oinpaules of New York and Brooklyn.— The
ing, a connection with Philadelphia and other Eastern points.” reports of these companies June 30,1897, compared with June
—V. 64, p. 1042.
30, 1896, and Dec. 31, 1896, are as follows : The reports for
Reading Company.—Stamped Gold Extended Consoles o, June 30, 1895 and 1894, are in the July, 1895. S u p p l e m e n t ,
1882.—Dick Brothers & Co. of Philadelphia call atteution tc and those for Dec. 31, 1895, in the January, 1896, 8 u p p l e the fact that these bonds of 1882 have a lien on the property o MFNT.
the Coal & Iron Company, and that upon payment of the oJ(
AMERICAN DEPOSIT & LOAN COMPANY.
purchase money mortgages, amounting now to les3 that
Resources.
June 30,1897.
$78,563
$4,060,000, and the retirement of the $18 811,000 consols of 187: Bonds and mortgages.................................................................
Stock
investments
(market
value)...........................................
652 059
due 1911, this lien will become a first mortgage on that grea Amount loaned on collaterals.................................................... 5,817,735
properly.
Amount loaned on persona]stcu rities.....................................
8,887
The general mortgage of 1874 states that an informal prom Cash on hand.......... . ......................................
11,601
(’ash
on
depi
sit.............................................................................
295,136
ise had been made to the holders of the consolidated bonds o
395
1911 that they should at some time have a lien upon the coa Overdrafts.........................................................
Other assets........... .....................................................................
125,126
estate. Therefore the Coal & Iron Company executed a bond
•for $30,( 00,000 (not drawing interest), fiist to secure the con
Total......................................................................................... $6,989,502
Liabilities.
golidated bonds of 1911 and afterwards the general mortgage
bonds of 1874. The general mortgage of 1874 under the reor Capita! stock.................... ......................................................... $500,0O0
Undivided profits ..................
282,421
ganization plan has been released of record.
General deposits, payable on demand..................................... 5,938,451
The etampi d 4s under the mortgage of 1882 have a liei Other liabilities ..........................................................................
268,630
upon all the coal estate of the Philadelphia & Reading Coal &
Total....................................................................... ................ $6,189,502
Iron Company owned at that time. Thus (when the purchas*Supplementary.
money bonds are paid off) the consolidated mortgage of 188' Total amoui t of urotits during the year..... ......................... $180,961
becomes a first lien up n the coal estate su> ject only to th interest credited depositors during same period...................
62,599
Expenses of institution, same petiod......................................
19,020
bond given the consolidated mortgage of 1911. And as tb
15,000
gf'neral mortgage of 1897 provides that when the bondi Amount of dividend- declared, same perk d ........................ .
a mount of deposits on which interest is allowed.................. 5.938,451
of 1911 are paid the $30,000,000 bond of the Coal & Iron Com Rate
of interest............................................................................. Its to 4%,
o d
IH R
JCLY 24, 1897,1
C H R O N IC L E .
FA T! \1HRS' L O A N * T R U S T CO M P A ftT-(Ooneluded).
A T L A N T IC T R U S T COM PANY.
Bemuirces.
June 30, ’97. Dee. 31,'98. June. 30, ’96.
Bonds a w l mortsraaea..............
Stock tave-st’s (market value).
Am ount loaned on collaterals.
Aral loaned on p*r,'. -ecurtt's
Beal estate (es'im tied value)..Ca*b on hand and on deposit ,
Other assets.................................
$329,500
1,235,285
8,*<03.«47
115.7*4
86.1 i l
961,097
211.133
Liabilities.
June30, '97,
$1,000,000
Capital stock...........................
Surplus fu n d — ......................... 4.4?9,Si6
Deposits in tr u s t ....................... 31,697,825
Other liabilities............................
164,007
$2 <4,500
8237,500
1,337,587
1,112,603
4,243,151
4,176,910
86,141
611,78 )
213,381
158
495,716
273,812
----------------$8,363,232
Dec. 31,'96. June 30, ’96.
$1,000,000
$1,000,000
4,423,834
23,351,589
132,609
4,340,175
30,413,091
117,343
To ta l.............................. ..........$37,451,188 $31,903,032 $35,930,609
Supplementary.
$6,442,427
$0,690,288
Capital *t” ek........... - ................ $t.u00,000
Surplus fu n d ............. - ........... 326,036
Deposit* in trust..........................
80,930
General dep t*, pay. OB dctu’d
4,749,287
Other liabilities............................ .......... SB,274
$1,000,000
To t. ain't of profits during year $1,491,031
$1,427,495
$1,236,015
Jut. credited dep’s, same par’d.
599,017
595,008
575,951
E x p . of institution, sameper’d.
178,717
177,401
177,975
300,000
300,000
300,000
$1,000,000 Am t. of dtvs.decl’d same por'd.
26,181.180 26,89V,047
044,0 <0 A m t.ofdfp.,on which lat-isail'd 28,962,913
1 to 5 p. e.
96,194 Rats of in'ercs'. .......................... 1 to 4 h p. o. 1 to 4<s p. o.
4,891,784
F R A N K L I N T R U S T C O M P A N Y (B R O O K L Y N ).
33,221
T o t a l........................................ $6,442,527
$6,690,268
$6,368,282 !
T o ta l........................
687,334
96,009
4,990,105
36.810
Supplemenlaru
$246,693
$296,655
Tat.fttu’t of profits ■luritu? year.
$262,693
102/16
107,973
la te ra l!te d dep’r* s one par'd.
92,106
*1,302
47,321
E x p . of Itssdt on. same period.
51,371
90,000
80,000
A Jut <>■' tllvs. fieri 11. same por'd
60,000
4 ,5 1 0 .i2 I
4,340,876
A m t ofd ep.oavrhloh lit.lsall'd 4,111,025
1 to 3 p. e,
Kate of interest on same..... .
1 to 3 p. <>. H o S k p . c ,
B R O O K L Y N T R U S T C O M P A N Y (B R O O K L Y N .I
j tttmwtm
June 30, '37. Dec. 31/96. Ju 1(39/90.
$014,709
$159,700
802.VOo
Bends and mortgages.......... ..
3,542,91a
3/22,590
Stock Invest'.* (market valu e )., 3,086,011
5,677,436
6,093.681
Am ount loaned on . silateral*. 7,073,718
784,493
A in 't loaned on iH-r.V! weortt'*.
698,320
980,506
183,209
181.060
Beale*late msutnated v a lu e )..
129,128
Cash on hand.
.......................
197,4 >7 (
1,092,142
652,410
Cssfcoa deposit....... ...................
s o . ,*flo v
96.474
79,461
Other assets..............................
*#t ,369
u m F* 11.312.414 $11,934,808 W
Liabilities.
$1,000,000
$1,000,000
Capital stork . . ............
$1,000,000
1,410,989
1,191,06}
fe’t.'j'M ' iM .V uupVHivii
.fits.
M l , 000
62 t,15l
Depo»fi» in t rn.it........................
617,717
8,793. t i l
GetMwM depustts w y , on dvm . 10,037,919
8,991,573
98,383
othe r liabUttin*...........................
96,242
98,414
Total......... ...................
T o ta l....... ............................ $13.312,414
Supplementary.
Eesmirces.
June 30, '97. Dee. 31, ’96. June 30, ’96.
Bonds and mortgages................
! Shook in v .-d V (market value)..
Amount loaned on collateral*.
A in't loaned<m pera'l securities
) Real estate (estimated value )..
' Cush on hand....... ........................
j Cash on deposit............................
Other asset*....................
$595,100
2,567,790
1,514/26
606,529
497,986
36,2.10)
1,519.438?
60.3S7
$612,600
2,825,955
1,623,258
503,305
487,581
1,061,116
56,939
$328,100
2,953,652
1,887,831
381,187
487,121
820.639
54,930
T o ta l.............................
$7,377,386
$7,170,797
Liabilities.
1
$1,000,000
[ Capital stock............................... $1,000,000
906,748
Surplus fu n d ..................................
932,676
102.961
Deposit* In t r u s t ........................
20 1 /4 9
5,134.507
j General deposits, nay on darn. 5,202,740
<• - - . ' ■ .........................
10,421
26,571
!;
$7,170,787
T o ta l........................................ $7,377,586
j
Supplementary.
Tot.Ain't Of prom.* during ve ir
$283,640
$318,668
{ Int. credited dep'ft, earae per’d.
116.849
127,901
E,tl». Of Institution, same por'd.
57,298
53,997
i au st . of dtv« dect'dsame por’d.
80.000
80,000
, A m l.uM cp.o u wlilc : tut.!* fill'd
5,1 43.5:5
5,101,462
Bute of IsL'ir.-’t _____________ _
I to 4 p. V
. 1 to 4 p.e.
i
GUARANTY TRUST COMPANY.
:
$7,113,160
$1,000,000
891,235
85,133
5,092,919
41,173
$7,113,460
$343,890
131,080
60,742
80,000
5,130,061
1 to 4 p, 0 ,
Demurer#.
June 30,*07. Dee. 31/96. June 30,'96
*11,034,908 $13,125,537
$3.-i,000
*31,000
$38,000
$564,711
$130,108 : Bond* and mtortgage*. ...
T v t.n m T of proBU dttrttiir ycor.
$50 ,419
7,040,673
7,157,441
2.01,458
I n ’. rrmllti-d tie;,,*', - van’
i 91, '■■(
807,89 V j Stank Invest t* market value). 8,211,165
0.480,756
6,286,326
Amount
loaf
ed
on
uoUateralH
81,419
81.907
B xp » f Institntum * « ! .» j'sr'i).
83,2.41
273,610
169,090
106)000 \t'u i’t t r i e d s o p t n V I soo't’e
A m ’t 'if dlv* deel'il, •sth® p 't 'd
100.000
151.08 7
151/1*6
154,368
9.(34,410
#,*70,758 | Rea! relate (catbn iU-d value )..
AStttwf dep.O'ttwhivatlBt is ab'd 10,370,345
58,372)
67,653
l to 3 p e.
1 V> 3 p. c j Cttfbes hand ............. .................
Rat* of interest........................... I to 3 p e.
2,310/94 ? 1,759,199
Ca«h on doEH'Mlt ......................... 8,802,893
315,446
other :,**«£*...................................
640,622
115,033
C E N TR A L T R U S T COM PANY.
M
ie»<Ki««at,
$17,037,02 ) $11,715,023
June 30, '97. Dec, 81/m Jfa(*!#•
$138,683
fim . \.m
Benda asd m ortgages............. .
$1*3,817
stock. . . . _____
$1,000,000
$2,000,000
$2,000,<h»
• M -ii/ S >
S tork invest'* (market vahx >. . 1O,407,K3»
mm®/ i i Capita!
2,000,000
2,000,090
2,000,000
,442 Surploa fund----------...
I f 1781,*8$
A m -uint loaned i,» eotkrteral* , 16,2)3,3 <7
Undivided
pry
ns*.......
598,919
370,727
651,075
. '236
A in 't lr:.;!,-d on perwT ’ s e e n f .
852,621
820.000
699,638
764,030
21 2,460
,000 M p e i k ;u trust .. ,
s ’ O.OKf
830,000
Real estate fe»’ imate'! valur.i. ,
General
deposits,
pay.
on
dam.
13,897,333
11,099,524
0,303,100
1
,157
6.657
Cndk <w hand
| $.711,908 *
188,515
388,883
440,5*8
tnhev ilnh lH tie*.........
C ” lit ihi itep*Mlt,.............
f a ffs 3-45
448,938
415 /81
255,01$
Other w « e b . __
T o t a l . . . ....................... ...........$19,797,070 $17,037,025 $11,715,022
Supplementary.
T o t a l............
................* ;7.405,5’ 0 f f t i r n t f l *80.000.337
$919,151
/ iubitiiie*.
Tot. ain't of profits during year.
$ <59,2*8
$1,037,514
2 19,774
281,643
326,149
Capital stork..................
01/00,00 0
*1,000.001 d,Q0o,00O l o t credited dop'a, a.mie peril.
127,529
158,196
Surplus fund.............................. 6.479.440
142,505
6,520,890
6,2i2/'< 5 Exp Of inslttallntt, U tn o por'd.
2 0 0 /0 0
180)000
360,000
Deposit* i» Ire -* ....... ................ 7,502,175
8,2<H >21
6,799/03 A in’t old I s.oecHi samts por’d
10,67 >/2 i
9,223,930
General di-pto. pay. on dau/d 21,88$. '45
1 -*/*’ ’-,**./• 17/1,i / u t ) t » ‘t of dot- «•.! which tnt.i- p i 12,814,524
1 to 4 p. 0 ,
O th erilah H itlM ...................................-147,220
371,945
391,004 Uttfi** vtf I t i l a r o t .......... ............. I to 4 p. «. 1 to 4 ‘S p, 0.
$S3.133.891
T o t a l....................................... $37,165.440
SuptJemeiitti >'v.
*30,»O0,25?
$1,728,362
82-1.40$
105,944
800,00019,858,171
To ta l e a t protit* dnriuvr y - t r * i ,520/93
lift- credit"--’ dep's same peril
619,442
j&se. *>( ftidtitiit'o «..»»<) pe M.
172,711
Atti’to 'lllv - . dee i'll, sum per Vl.
ft 70,000
Arotoffiep oiiw uicUltlAU ril’d 24.4 *i.952
Rato ->f t’l'o re -t.......................... 1 to 3 jv e.
C O N T IN E N T A L T R U S T C O M P A N Y
Bnts«Uatiul
..»**,**.
Strife S•urr'-.rp {whiffet valtH'f.
Am** *ft* lo
fm f*»ii
3,*
Amt.
<,*n
seertfll'v.
E-*a} w t i t c^l.ru
<ikiu*').
Gmb.tmte n d ,..*>.«•-- C'a<»h rm 4i jn/tH.. .
Qtfam»*«*&.*aeesee..... ’ . . . .
To ta l
3'22/i^W
SSl***^
51
Dee*
iiI *"im. Jom
3 'V 86* l* S * 3 0
Is|Si ,4 »0
IM&, *67
2 ,?5<»,063
2,71.',753
2%1>Q7’2
4 S l,‘*0t
%
7»'»03
724,583
31,997
7,5 KJ
641,616
31,201
.........
.lra*»e<*
iS,207,$O5
#5,573,6 *S
Capital stock..........
•SOO.nOO
#500,000
250,000
120/13
0)17,920
3,739,300
20. MK)
$500,000
Sarptim fund.........
Llubihittst,
250,000
U u d m d rd proftta__________ . . . .
Bepoftit** m troM
..... .............*
0*/ri£.Tiil d*rp't4, pay, on darn'd,
Oihei liabilities..
86.910
Tu tu 1.......................................
1
410,374
S,t 10,191
)‘V ' i s
Supplementary.
T ilt .uin't of prnrtts d a rincyeu f.
$281,675
tat.. rredjred drp’s aMtue p e r i l .
107,218
E x p of lnstoutron,»a<ur perid.
05.690
AftitMIvld'de deed'd.Mmle p e ril
8 0 .0 0 0
A A L of dep.aa which tn tJa ail'd 6.793.05*
Rate of Interest....................... . l i e d p c.
*5,573,618
*218,90)
98,910
56,514
30,000
3,902,842
1 to 3 p. o.
$199,878
*0,58*
Resnureu.
Dec 31/96.
Bondsatid TTinrtaatfM ___________ $916,000
$905,t)0 0 '
'-.I . I’ ”
7,71!
Am nnot loaned on (JoUsSeruU . 17,737,260
17,461,983
Atts’t Inaaod on psta’I veewrit**# 2.70O.OOO
2,169)000
Real astute (iwtlmated value),. 1,000,000
1,000,000
Oh &1S(t. ..........................
3,198)
< oas s o t
0 ««h on depoett............- ........ .
7.261,033 j
Other (Meets.............................. 1,970,298
451,212
Total................... .,....,...,$ '7 ,1 3 1 ,1 3 8
llejiemrets.
Jane 3 '97. Dee. 31/90. June 30,’90.
$60 1,533
8384,140
1,408,862
1,1,12,17.)
7,40 *,43! 2,105,798
01,926
30,979
14,888
15,214
40,309 )
447.787
644.824 s
58,182
58,300
$019,800
2,30|,381
1,875,520
42,224
, .r-/ U ."M tn
$ 1,704,550
L .o M itu a ,
$5*10.000
$500,000
Capital etu rk ................. ............ .
surplus f u n d .,,..... .....................
450,000
400,900
77,694
8 M ill
Undivided p ro llta ____*____ _
Dvp” tUs In l n u t . ................... •| 4,311,305 |
General dep ’slts. p »y , on *i*-rn
$5,737,581
Bauds and murtgftgi “...
Stuck Invest * ” uaik‘-t v
Atii*e:-ui ie v i'-.i an
4-ui't Intun *i on p*-isT .
'Beal ntte t- <-s t I m ill'd v
Cash ell h a n d ___. . . . . .
: <*a*hon deposit. . . . . . . .
, O th e r,i‘
____ ... ___
Tolu) . . . .
.....
-i.,
ah
■If*.
et .
____ _ ....
41,408
Other Ualnlittes......................
Total . . . .
.......................... $5,333.tt*
Supplementary
fot.am'l of prodtsdurlny year.
Em. crediteddep's, satoo par'd.
$231,7*.2
117,001
to ,473
*4,704,SS0
$279,600
111,402
711,274
91,283
$500,000
400,000
7 t,3 0 l
112,282
4,.790,420
51,518
$5,737,531
$1)1,035
10>,115
K*J> of institut'o, " .me p e ril.
10,387
43, KU
30,7*9
.623,965® i Ain't of .I’vsidc ■1'd.sinse 'por'd.
*0,009
<8.80#
.vhicint,' I- ..lit 4,201,305
3.632,477
4 ,7 0 8 /0 3
4,153.077 Aiu't.-M.
41,373. Rate of interest.......................... 1<# to 4 p.e. 11*to 4 p. o. l«# to 4 p. c.
* .,247.903
FAR M ERS’ W A N - A T R U S T COM PANY.
June 3 0 /8 7 .
mid
imjma
H A M IL T O N T R U S T C O M P A N Y (B R O O K L Y N )
K IN G S C O U N T Y T R U S T C O M P A N Y (B R O O K L Y N ).
ICesoHrces.
Junes30, ’97. Dee. 31/90. June 30/96,
Bond" iintt m o rtga ges..............
•ttefcBurnt’* (market vuluti).
loaned on collateral*.
4,243.002 Amount
Ain't loaned on p«rs’l Boeurtt’s
2 to 3 p 0 . Seal estate {estimated value )..
Cash on hand ............................
Cash on d ep osit........................
June 3 %'96,
$1,490 00 J
7,792,192
10,1 is ,497
7,008,000
1,000,O j O
8,001,880
*41,880
$33,903,092 $3>,83O,809
Other UMMHB......... .......................
T o ta l...............................
$767,700
1,237,379
3,512,917
505,99 7
$797,544
1,167.450
3,528,393
222,362
222,035
$0,902,243
$8,911,397
*7,044,321
$500,000
*500,000
700,000
13,199
814,203
4,795,444
$702,400
1/29.138
8,487,911
486.710
210,000
52,986)
414,640 (
248,225
K
Liabilities.
210,000
475,042
467,494
210,000
652,815
Gen’l depoelts, pay. on demand
4,777,553
OUior llahiim ee...........................
115,694
108,551
*500,000
600,000
77,302
776,323
4/81,723
103,913
T o t a l........................................ *6,962,243
*6,931,397
*7,044,321
Capital stock .........................
Surplus fund..............................
Undivided iiroBts......................
Deposits In trust........................
700,000
43,899
*25,297
T H E
154
C H R O N IC L E ,
KINGS COUNTY TRUST COMPANY (BROOKLYN)—(Concluded)
Supplementary.
June 30,*97. D m . 3 1 .’ 96. June 30, ’96.
Total am’t profits during year.
$357,930 $264,113
Int. creel aep'* same period...
99,351
?s * ?i§
J S ffl
Exp. of Institut’n same period.
53.506
*8,132
aoon o
Ain’t of dlvB. deol’d same per'd
40,000
-49*999
Ain’ t olilop.on whloliiut.lsull’d
4,686,994 4,646,444
4,681,723
Rata of interest ..................... l^s to 3*sp.o. m t« 3i* p.o. l 1a to3 I3p.o.
KNICKERBOCKER TRUST COMPANY.
Resources.
June 30, ’97. Deo. 3 1 ,’ 96. June 3 0 ,’ 96
Bonds anil mortgages..............
$^86,000
$252,000
Stock invest’ts (market value).
2,990,320 | '55i’i§ S
2,b40,bol
Amount loaned on collaterals .
8,078,293 6,206,227
Ain't loaned on pers’l seourit’a.
151,745
115,335
140,070
•ash on hand
......... : ...........
J 2,450,662
1,130,311
Overdrafts
ot*er a s
s
e
• ...........
t s .......
3,196
176,195
6,147
153,230
1,437
162,722
[V ol. LXV
MERCANTILE TRUST COMPANY.
Resources.
June 30, ’07. Dec. 31, ’ 96. June 30,’96.
Bonds and mortgages...............
$496,395
$526,501
$528,005
Stock invest’ s (market value).. 4,287,553
4,653,565
4,394,162
Amount loaned on collaterals 17,832,449
17,524,052
16,501,315
Am’ t loaned on pers’l securit’s
159,363
424,790
135,636
Real estate (estimated value)..
54,533
55,176
55,176
Cash on hand...................
3,098 >
5
27,788
Cash on deposit.........................
7,253,820 > 11,001,230 I 7,962,886
Other assets................................
137,114
405,260
371,565
Total.
..$30,2 24,325 $34,559,879 $30,010,528
Liabilities.
Capital stock........................ .. . $2,000,000 $2,000,000
$2,000,000
Surplus fund............................... 2,500,000
2,500,000
2,000,000
Undivided profits......................
285,557
189,934
313,913
Deposits in trust.........................
520,368
452,648
610,562
General dep’ts, pay. on dom’d. 24,819,299
29,339,005
24,692,343
Other liabilities..........................
99,101
78,292
393,710
Total......................................$30,224,325 $34,559,879 $30,010,528
Supplementary.
Tot. am’ t-of profits during y’r $1,335,823
$1,376,566
$1,009,849
Int. credited dep’ s. same pe ’d.
459,629
492,268
455,243
Exp. of institut’n. same per’d.
164,550
158,779
138,585
Am’t of divs.deol’d.same oer’ d
240,000
230,000
300,000
24,386,043
21,910,247
Arat.ofdep on which int. isall’d 22.612,192
Rate of interest......................... 1 to 3 p. o. 1 to 3 ^ p. c. 1 to 3*a p. c.
METROPOLITAN TRUST COMPANY.
Total..................................... $13,542,056 $11,140,134 $11,870,250
Resources.
Supplementary.
June 30, ’ 97. Dec. 31, ’9 S. June 30, ’ 96.
$2,603,737
$2,270,741
Total arn’ t profits during year.
$469,348
$428,650
$425,116 Stock invest’s (market value).. $2,563,821
6.811,334
6,502,584
Int. credited (lap’s same per’d.
201,610
192,630
184,540 Am’t loaned on collaterals . 8,475,103
4 8 1,800
550,000
481,800
Exp. of iustitut’n same per’d..
129,846
126,914
115,829 Real estate (estimated value)..
30,068 >
Ain’t of divs. deol’d, same per’d
60,000
60,000
60,000 Cash on hand.............................
1,343,014
726,857
Am’ tofdep. on wliicUiut.isaU’d 10,330,859
7.853,619
8,612,397 Cash on deposit.......................... 3,098,338 3
263
Rate of interest..........................Its to 3 p. o.
l t o 4 p . c.
l t o 4 p . e. Overdraft...... .*...........................
Other assets...............................
151,859
145,930
96,799
LONG ISLAND LOAN & TRUST COMPANY (BROOKLYN.)
Total......................................$14,806,252 $10,769,658 $10,763,138
.Resources.
Liabilities.
June 30,’97. Dec. 3 1 ,’ 96. June 30,*96.
Bonds and mortgages..............
$274,750
$278,750
$273,750 Capital stock................................$1,000,000
$1,000,000 $1,000,000
Stock invest’s (market value).. 1,491,925
1,422,290
1,374,690 Surplus fu n d ............................. 1,140,463
1,107,873
1,039,695
Ain't loaned on collaterals___ 1,486,440
1,428,400
1,937,735 General deposits, pay. on dem. 12,590,803
8,610,221
8,593,804
Ain't loaned on pers’l securit’s
81,000
82,000
67,000 Other liabilities........................
74,981
63,172
67,981
Rsal estate (estimated value)...
100,000
100,000
104,000
Cash on hand...........................
246,526 ) , , , n0,
5 45,330
Total......................................$14,806,252 $10,769,658 $10,763,138
Cash on deposit.........................
360,302 ( aal .ouj
} 335,223
Supplementary.
77,642
73,426
74,734
Other assets..............................
Tot. am’t of profits during year
$445,017
$412,43 5
$393,055
214,496
Total..........................
$4,118,585$3,805,807
$4,212,462 rnt, credited dep's same per’d.
184,521
195,78 6Exp.
of
institut’n
same
per’d.
71,348
68.461
68,824
Liabilities.
Am 'tof divs. dec. same per'd.
1<)0,000
100,000
90,000
Capital stook.............................
$500,000
$500,000
$500,000 Am’tof dep.ou whichint is ail'd 11,994,478
8,004,708
7,638,928
Undivided profits......................
412./.95
400,555
381,577 Rate of interest........................ 1 to 3 p. c.
1 to 4 p. 0.
1 to 4 p. 0.
Deposits in trust....................
91,481
93,173
107,922
Gou’l deposits, pay. on dom'd. 3,059,004
2,785,199
3,193,214
NASSAU TRUST COMPANY (BROOKLYN.)
Other liabilities........................
55,805
26,940
29,749
Resources.
June 30, ’ 97. Dee. 31, ’96. June 30/96.
Total..................................... $4,118,585$3,805,867
$4,212,462
Bonds and mortgages...............
$461,069
$484,319
$459,069
Supplementary.
Stock invest’s (market value).. 1,086,963
1,266,274
1,328,789
Tot. am’t profits during year. $172,069
$192,252
$181,039 Amount loaned on collaterals.
818,275
955,624
1,152,550
Int. cred. dep's same period..
67,594
70,096
61,847 Am’t loaned on pers’l securit’s.
429,556
187,737
327,581
Exp. of instl ut’n same per’d..
26,554
25,233
25,254 Cash on hand.............................
18,445
277,634
Ain’ t'divs. declared same per'd
40,000
40,000
40,000 Cash on deposit.......... .............
236,006 £ 373,223
Amt.ofdep.onwhiohlnt.ls ail’d 3,150,486
2,780,863
3,280,276
Other assets...............................
22,660
25,928
29.878
Rate o f interest........ ...............in jt o 4 p .c . I t a t o lp .o . l 1a to 3 1sp.o.
Total..................................... $3,072,974
$3,267,855
$3,600,75 L
MANHATTAN TRUST COMPANY.
Liabilities.
Resources.
$500,000
$500,000
$500,000
June 30,’97. Dec. 31, '96. June 30,’96. Capital stock.............................
Undivided
profits.....................
271,530
242,927
248,133
Bonds and mortgages..............
$8,000
$8,000
$3,000
2,483,996
2,833,997
Stock invest’ts (market value).
2,459,845 2,286,546
2,283,917 Deposits in trust....................... 2,241,255
Other
liabilities........................
60,139
35,721
23,827
Amount loaned on collaterals.
1,937,678 2,065,841
1,727,554
Cash on h
a
n
d
.
( 300,5001
, cqc q m
v o o q io i
Total..................................... $3,072,974
$3,267,855
$3,600,751
Cash on deposit.........................i l,2 6 o;53 3 j
1.536,906
1,269,124
Other assets..............................
293,880
160,452
158,067
Supplementary.
Tot. am’t of profits during y'r.
$70,040
$161,470
*$83,552
Total..................................... $6,260,436. $6,057,745
$5,446,662 Int.credited dep's, ^ame per’d.
23,470
*32,999
59,288
Exp of institution, same per’d
11,967
Liabilities.
23,040
*11,937
15,000
Capital stock............................. $1,000,000
$1,000,000 $1,000,000 Amt.of divs. deol'd. same per’d
30,000
*15,000
Surplus fund..............................
200,000
200,000
200,000 Amt ofdep.on whichint.is ail’d 2,239,878
2,480,969
*2,832,739
Undivided profits....................
270,830
212,400
190,224 Rate of interest. ...........
l^ to S ^ p .c . 1 to 3** p. c. *1^ to 3 p. 0.
Deposits lu trust......................
192,078
272,801
.........
NEW YORK LIFE INSURANCE & TRUST COMPANY.
Gen. deposits payable on deni. ) , - Q« eoa ( 4,360,330
4,045,938
Other liabilities......................... (
4,o j /,02« )
12,214
10,500
Resources.
June 3 0 ,’ 97. Dec. 31, ’ 96. June 30,’ 96.
Total..................................... $6,260,436
$6,057,745 $5,446,662 Bonds and mortgages............... $3,782,784
$3,482,534 $2,015,436
Supplementary.
8tock invests, (market value)..
11,587,473 11,461,298 11,860,266
T ot ain’ t of profits duringyear
$279,453
$349,020
$384,946 Amount loaned on collaterals. 3,823,728
3,905,658
4,071,586
Int. credited dep’s, same per'd.
83,702
75,955
74,724 Am’ t loaned on pers’l securit’s
8,865,817 5,432,9-. 8
7,S4<>,5 ‘ 8
Exp.of institution, same per’d.
86,906
84,993
86,007 Real estate (estimated value)..
443,940
438,727
485,000
Am’t o f divs.deol’d,same per'd
50,000
50,000
50,000 Cash on hand-........................... 2,200,000
2,625/100
2,4 0,000
Ain'tofdep.onwhioliint.isaU’d
3,636,636
3,383,696
2,731,862 Cash on deposit ......................
607,4 17
133,713
524,461
Bate of Interest......................... 1 to 4 p. c.
1 to 4 p. c.
1 to 4 p. c. Other assets............................... 1,241.072
1,183,020
485,181
MANUFACTURERS* TRUST COMPANY (BROOKLYN).
$32,557,261 $28,662,860 $29,632,438
Total.
Resources.
Liabilities.
,
,
June 80,’97. Dec. 31, ’96. June 30,’ 96. Capital stock............................. $1,000,000
$1,000,000
$1,000,000
Bonds and mortgages...............
$147,000
2,732,079
2’, 644,675
2,628,029
Surplus
fund........
................
Stock in vest’ s (market value)..
1,593,701
$899,481
$925,468 Undi vided profits ..................
43,161
3^,210
44,950
Amount In . ued on collaterals.
1,124,833
1,429,421
1,111 000 Deposits in trust..................
26,934,838
23,15*,447 24,137,798
Amt. loaned on p rs'lsio’ ties .
381,573
173,848
216’354 Other liabilities...................
1,847,183
1,826,628
1
,8
7 1 /6 1
Cash on hand.............................
30,330)
___
_
.....
Casti on di p o s it.......................
946,234 5
875,94.2
525,364
Total................................
...$32,557,261
$23,662,860
$29,682,438
Other asstts..............................
71,t09
33,853
11,153
Supplementary.
............... ..
$1,406,443
$1,357,346
$3,403,515 $2,789,339 Total am’ t profits during year. $L,351,344
Total.................................... $4,315,280
int.
credited
dep’s
same
per’d.
733,301
7 8 0 /7 1
657,644
Liabilities.
of institution, same per’d
102,054
99,965
10 *,356
Capital stock.............................
$500,000
$500,000
$500,000 Exp.
Am’t
of
divs.
decl
d.same
per’d
400,000
400,000
400.000
Surplus fund.............................
500,000
500,000
500,000 Amt.ofdep.on which int.is ail’ d 23,931,838
23,158,417
24,137,7*8
Undivided profits.....................
85,902
63.528
30 911
Rate of interest........................ 1 to 5 p. c.
1 to 5 p. c.
1 to 5 p. c.
Deposits in trust........ ..............
27,729
1,610
Geu’ t deposits, pay’ le on dom.
3,161,211
2,292,543
1,740304
NEW YORK SECURITY & TRUST COMPANY.
Other nubilities.........................
40,447
15,834
18!l21
Resources.
June 30, ’97. Dec. 31, ’ 96. June 30, ’ 96
•
Total.................................... $4,315,280
$3,403,515 $2,789,339
Bonds
and
mortgages...............
$ 130,700
$359,500
$573,000
Supplementary.
3.359,704
4.187,558
Tot. ain't of profits during year.
$81,569
$105,940
*$34,601 Stock invest’s (market value).. 4.006,218
4,289,353
Am’
t
loaned
on
collaterals
...
2,599.857
3,917,328
Int. credited deps. same per'd.
8.008
28,868
*1 991
1,165.254
1,659,943
Expa. of institu’n, same per'd.
16,592
26.609
*14 059 Am’ t loaned on pers’l securit’ s. 1,661.047
19,033
5
20,109
Amt. of div. deol’d, same per’d.
20,00.0
30,000
*10*000 Gash on hand.............................
5,424,316 ^ 1,115,301
X1,181,265
Amt.of (iep.on which Int.isall’d
3,18?,702
2,292,543 *1 740*304 Cash on deposit......... .............
138,827
121,070
133,849
Other
assets...............................
Rftte_of in terest.......................l^ to S ^ p .o .
l ^ t o l p . c . * l1a to 3 12p.c.
* For six months.
Total.....................................$15,969,494 $10,746,351 * $9,647,392
Total............................
$13,542,056 $11,140,134 $11,870,250
Inabilities.
Capital stock............................. $1,000,000 $1,000,000 $1,000,000
Undivided profits...................
577,196
519,074
514.094
Deposits in tr u s t.............
2,065,472
2,153,895
2,346,035
Gen’ l deposits, pay. on demand 9,802,495
7,374,448
7,920,619
Otlier liabilities.............- ....... .
96,893
92,717
89,503
J uly 24, 18»7.]
T H E
C H K 0N 1C L E .
NEW YORK SECURITY * TRUST COMPANY, (Concluded).
Liabilities.
June 30/97.
Dec. 31, ’96. June 30,’96.
Capital stock.............................. $1,000,000
Surplus hind.............................. 1,250,000
235,10*
Undivided profits......................
Deposits In trust........................ 13,*51,7*1
Other liabilities..........................
32,649
$1,000,000
1,250,000
161,112
8,300,025
35,214
$1,000.00°
1,250,00°
28,11°
T,333,86°
35,410
Total.....................................$15,969,494
$10,746,351
$9,647,392
Supplementary.
Tot- atnt. ot profits daring year $637,864
$606,193
$489,077
Int. credited dep’s sama por'd
196,904
171,118
166,506
Exp. of lustltut n same pcr'd..
82.448
75,535
78,476
Ain't of div. deel'd same per'd..
10O.000
100,000
100.000
Am'tof dep.onwhich lut.i- ail'd
12.662.459 7,656,603
6,296,120
Rate of Interest................. 1 to 4 p. c.
1 to 4 p. o.
1 to 4 p. o.
PEOPLE’S TRUST COMPANY (BROOKLYN.)
Rcsoureet.
J u n e 30,'97.
155
TITLE GUARANTEE & TRUST COMPANY ( C onclu ded)'
Supplementary.
June 30/97. Dee. 31/96.
Tot, am'tproflts during year...
$893,113
Int. credited den's, same pePd.
21,330
Exp. of institiifn, same por'd.
498,293
Am’t dlvs. declared same per'd
200,000
Aui'tof ilep.on whlelUnt-isaU’d 1,185.074
Rate ofinterest......................... 1 to 4 p. 0.
June 30, ’96
$370,030
$383,820
24,279
24,251
515,831
503,590
180,000
160,000
1.068.614
974,070
1 to 4 p. 0. 2to3>ap. 0.
UNION TRUST COMPANY’ .
Resources.
June 30, '97. Dec. 31, 'S6. June 30/96.
Bon.is and mortgages............. $2,170,616 $2,050,616 $2,049,116
Stock luvest'ls (market value). 7,909,764
4,441,400
8.091,804
Amount loaned ou collaterals. 18,611,098
25,140,900 21,869,145
Real estate (estimated value). 1,900,000
1,900,000
1,900,000
Cash ou hand.. . . . . . . . . . . . . . . . . . ( 3,04 / ,359 1 ,
qoq
a 010 omc
Cash on deposit........ .............. } 2.112,055} 4.438,903
4,949,2,5
Other assets...............................
327,640
437,090
223,977
Dec. 31. '96. Junc30,'96.
$701,013
#637,683
#688.275
Total..................................... $36,077,031 $38,403,909 $39,086,317
3.735,253
3,655,106
4,382,914
Liabilities.
2,532,388 2.705,482
2,126,719
310,355
272,979
203,393 Capital stook.............................. $1,000,000 $1,000,000 $1,000,000
Surplus
fund..............................
5.335,930
5,213,302
5,094,251
79,500
60,000
60,000
32,532,286
50,935 ) . ‘iiO '*))I
t 35701:0 General deposits, pay. on dem. 29,323,850 31,766,333
417,251
429,274
469,780
720,762
} 1.310.-01
1,357.269 Other liabilities.........................
185.349
138,935
64.36*
Total.....................................$36,077,031 $38,408,909 $39,096,317
Sujrptcmentary,
Total...................................... $8,316,055
$8,730,391 $8,882,936
Liabilities.
Tot. am'tof profits during year $1,422,256 $1,520,6*4 $1,521,434
Capital slock.............................. #1.0ou.n00 $1,000,000 $1,000,000 Int erented dep*a. same pcr'd
629,936
644,164
601,931
Surplus fund...........................
1.030,000
1,000.000
950,000 Exp. of institution, same per’d
215.344
224.798
214,866
Undivided profits......................
lt*,H24
64.089
85,270 Am't of diva deol'd same par’d
320,000
300,000
260,000
Depasit* in trust........................
211.703
340,769
6,500,366 Amt of dep.ou which Int Is ail’d 28.049,022
29,659.424
30,520,500
General deposits, pay. on dem.,
5,883,259 6,230,350
256,872 Rate of Interest
................. 1 to 4 p. 0.
1 to 4 p. 0.
1 to 4 p. 0.
102,164
90,263
90.428
Other liabilities..........................
UXirKD STATES TRUST COMPANY.
Total...................................... $6,316,055
$8,730,391 $8,882,936
Bonds and mortiraifes................
Sloek luve.Pts unarket value).
Amount loaned on collaterals.
Ain't louned onpers’l securlt'a.
Beal estate (estimated value)...
Cash on hand . . . . . . . . . . . . . . . .
Cash on deposit..........................
Other asset*...............................
Rcsourcee.
Supplementary.
Total ain’t proflLdurtng year .
#353,830
$318,074
$352,828
June 30, '97. Dee. 31, '96. June 30,'96
Int. credited dec's same per'd.
145,039
143.997
132,945 B»ud» and mortgages............... #4.366,083 #3,481,500
$3,230,500
Exp. of ItiscUut'n, same per'd.
55,481
52.152
52,036 Stuck Inve-t't* .market value). 15,381.100
13.067.202
13,991,185
Am'tdlv*. declared.same per'd
50,000
80,000
80,000 Amount loaned on collaterals 19,450,512
18,127,0*7
15,975,481
Ain't of dep.onwblch lut.lsall'd
6,035.120
6.301,439
6,242.056 Am't loaned on pera'l securlt'a 13,577,435
10,000,878
13,201,837
Rate of Interest on same........ lto 3 t* p . e.
1 to t p. c. 1 to t b p. c.
Real estate (estimated value... 1,000,000
1,000.000
1,000,000
Cash on hand and on deposit.. 2,021,937
2,f.76,753
3,244.645
REAL ESTATE TRUST COMPANY.
Other assets................................
742,060
396,747
3*6,771
Resource*.
Total......................................$56,545,127 #18,050,127 $50,990,419
June 30/07.
Dec. 3 1,'00. June 30/96.
Bonds and mnrtkaxvs............... $351,600
$ 300,600
$255,600
Liabilities.
Stork threat’s (market ralue)..
1,464.667 1,634,856
1,555,212 Capital stock.............................. #2,000,000 $2,000,000 $2,000,000
Amount loaned on eollaterals.
2,439,684 1,52.1,962
3,304,850 Surplus fund ............................. 9,692.89*
9.565,773
9,437,312
Ain’t loaned on pert'l seeurtt'a.
169,060
126,052
283,622 Undivided profits.......................
33»,9'.>4
257,139
208,072
Cash on hand ...........................
8.7041
,,M
a ,s j .,s
Deposits
Intrust........................
43,561,138
35,970,129
38.067,443
Cash on deposit.........................
099,658}
409,659
533,4*5 Other liabilities ...................
958,201
857,086
1,283,592
Overdraft*..................................
807
251
........
Other asset*................................
SUMS
17.809
14.870
Total..................................... 56,545,127 $48,650,127
50,996,419
Supplementary.
T»tal .................................. $5,187,086
$4,077,089 $5,1.56,279
Tot. am't of profit* during year $1,1*2.897 *2,111,155
$1,057,470
/jiatnt itifs.
435,209
908,716
408,628
Capital stock.............................
$500,000
$500,000
$300,000 lot en d lep's. same period .
70,619
134,690
66,562
Surplus fund..............................
250,000
250.000
250/8)0 Exp of Institution, same per'd.
Am'tof
dlvs
decld
same
per'd
400.000
800.090
400,000
Undivided profits......................
09.4*3
67,289
33,326
Deposit* in trust....................... 4,330.536
3.232,780
4,332,953 Amtof dep on which Intis ail'd 42.736,883 35,671,924 37,734,009
Kale of Interest......................... lu>3p. e. lt o H ^ p .c .
lt o 4 p .o .
Other llablii les........................
7,067
7.020
UNITED STATES MORTGAGE A TRU8T COMPANY.
Total..................................... $5,187,080
#4,077,089 $3,156,279
Resource*.
Supplementary.
Total ain't profit* daring year
$190,310
$189,334
$160,906
June 30/97. Dee.31/98. Jun«30.'96.
Int. credited dep’s same per'd.
93.142
100,633
80,330 Bonds nod mortgages.............. $5,412,269
*4,878,136
$1,993,657
Exp. of mslltutlon.same pcr'd.
40.595
41,836
34.669 StuckliiTe.P# (market value).. 2.632,779
3,631,500
3,829,577
Amt.of dlvs.deol'd. same pePd
30,000
30,000
30.000 laiaticd on collaterals ............... 5,888,401
2,950,887
3,911,080
Aoit.of dep.ou wMrhUit.is ail'd
4.254.691 3,195,014
4.270.876 Loaned ou personal securities.
109,685
6,500
10,000
Kate of interest.......................1 to 3>t p. c. 1 8 to 1 p. c.
1 to 3 p. 0. Real estate (estimated value* .
217,370
127,000
113,478
Cash on ban I ...........................
29.863
10,045
10,270
STATE TRUST COMPANY.
< ashen deposit........ .............
2,423,522
1,102,812
846,678
Resource*.
Other assets.............................
231.815
198,869
192,575
Ju no30,'97. Dee. 31.'96. June 30,'96.
Total......................................#16.944,721 #12,905,750 $13,907,315
Bonds and mortgage*....................................
#7,000
* 10.000
Stock Inrest'ts (market value).
$2,26 1 811 2,320,832
2,317,877
Liabilities.
Amount loaned on cnllatcrnla
6,924,9*7 5,527,466
6.341,88? Capttal Stock............
#2,000,000 $2,000,000 $2,000,000
Am’t loaned on pera’l securlt'a
*3,500
160,000
5«,st9 Surplus fund
........................ 1.100,000
1,100,000
1.000,000
Real estate (estimated value).
89,036
97,067
94,048 Undivided profit*. ............
19“,101
102.057
116,021
Cash on b a n d ................ .
19,730 1 . . . . —
—
241,699
604,420
Cash on deposit..................... .. 1,373,050} 1,841,8/6
2,237,437 Deposit* In trust........................ 1,065,760
General deposits p vy. on deui . 7.977,658
5,341,809
6,007,157
Other assets..............................
75,097
185.368
75,607 Other liabilities.......................... 4,603/205
4,120,185
4,119,717
Total.....................................$10,897,091
$10,139,629 $11,373,705
Total ....................................#16,944,724 #12,905,750
Supplementary.
$1,000,000
500,000 ToLam'tof profltsduring year.
*S6s.3l5
$797,588
*69.588 Int. credited dep'a. same tier'd
175,334
155,821
1.957.753 Exyi.of Institution, s ime per’d.
110,9*8
104,194
7,430.166 Ari/lof iltva deol'd. same per'd.
120,000
120,000
16,200 Am’tof.lep.onwhlcb lut-isall’d 8,599,514
4,897,874
Kate of Interest......................... 1 10 6 p. e. 1 to 3 1* p. o.
Total......................................*10.897.091 $10,139,629 $11,373,705
WASHINGTON TRUST COMPANY.
Supplementary.
Tot. amt. of profits during ysar
#406,649
$409,298
*38',?42
Resource*
Int. credited Hep's, same pepd.
160,715
160,142
140.913
Juns 30/97. Dec. 31, '96.
Exp. of InstUut’n same p«Pd,
105.833
108,968
89,318 Bonds and mort(takes........ . .
#115.100
$108,100
Ain't of dlv. d-cl d.s tmc pepd.
60,000
60,000
60.000 Stock Investts (market valnei.
619,327
919,548
Ain't of *tcp.onwhlch Int.ls ail’d
7,762.916 7,097.310
8,838,312 Amount loaned on collaterals..
3,603,400 3,419,300
Bate of Interest........... ............ 1 to 4 p. a
1 to I p. 0.
1 to 4 p. 0. Amt. loaned on pers'l securlt s.
16,350
........
Cash on hand...... . . . . . ----- 2,859)
470471
TITI.E GUARANTEE A TBU8T COMPANY.
c»*n on deposit,........................
9*1,164}
*70,471
fe a w ttf.
Other assets...............................
40,273
51,992
June 30, '07. Dee. 31,'96. Jung 30,'98.
$3,719,302
$3,500,348
ToUl......................................
$5,368,473
$4,969,411
•3,604,671
Stock tnreat'ts market value)
1.070,250
1,070,250
861,500
Liabilities.
307,114
114,742
185,947
#500,000
#500,000
170.939
119,934
91,401 Capital stock.............................
Surplus fund...... .......................
500,000
490,000
Cash on band___
4,028
457,738
318,885
Undivided
profits.......................
38,626
115,093
Cash on deposit
491,670
---- 4,313,523) 3 030,274
4.50,000 Dai oelis In trust . . . . .
Plant ................
458,000
472.430
Geneml
d«*p
ptiyablo
on
dem..
....
S
Other assets... .
138,955
158,579
190,h70
Other liabilitie*..........................
16,324
18,044
*5,716.113
*5,877,352
. 66,175,367
Total.......................................""*5,368,473
$4,869,411
Liabilities.
$2,500,000
Capital stock .
Hupplemtn lary.
$2,500,000
. $2,*>00,000
2,000,000
2,000.000 Tot. ain't of profit*during year.
2,000,000
$217,562
$192,795
7,*30 Int. credited dep'a Maine per'd.
Undivided profits ..........
183,325
52,748
87,597
77,875
24,261 Exp. of InAttturn aa(u« per'd .
2,5*0
Deposits Intrust , ........
1.218
35,175
35,172
822,33# Atu‘tofdlv«. decl’d Hftine per'd
904,586
General deposits, pay. on dsu1.
830,978
30.000
30,000
361.710 Arnt.Qfdep.oowhloinnt.t8 oil’d
Other liabilities..............
.
658,584
418,800
4.243,124
3,897,798
*5,716,143 Rote of Intereat ................... .. 1 to 3 ** p. c. 1 to 3 p. o.
. *6,175,367
*0,877,353
Liabilities.
Capital stock.............................. $1,000,000
$1,000,009
Sarj-lus fund...............................
500,004
500,000
Undivided profits. ...................
469.468
445.437
Deposits In trust ...................... 2,326,150
2,365,887
General deposit* pay. on dem.
6,514,034
6,550,291
Other liabilities.........................
37,139
78.014
#13,907,315
$744,449
175,464
101,923
120,000
6.156.142
2 to 3*4 p. c.
June 30/96
$108,100
766,770
3,715,200
.... ...
514 168
014, 10s
46,337
$5,160,575
$500,000
400,000
81,723
4,153,614
12,238
$5,150,575
$172,015
71,541
32,4*^8
30,000
4,128,614
1 to 3 p. a.
T H E
156
J U
p o r t s
a n d
C H K O N IC L E .
I J a c u r o je u ls .
MEXICAN IN TE RN ATIO N AL RAILRO AD CO.
ANNUAL REPORT FOR YEAR ENDING DEC. 31, 1996.
N e w Y o r k , June 30th, 1897.
The President and Board of Directors submit herewith
their report of the Company’s transactions for the year :
MILES OF ROAD OWNED.
The company owns the following miles o f railroad :
Miles. Kilometers.
869-74
540-44
2000
12-43
68-36
42-48
23-09
14-35
Homos to San Pedro..............................................
5-82
9-37
PedriceBa to Valardefla........................................
43-52
70-04
Matainoros to Zaragoza (TlalmalUo Branch) —
Branches—Sabinas to Hondo.
Sidings.
659-04
67-21
1,060-60
108-16
726-25
1,168-76
The average number of kilometers operated for the year
was 1,011 "02 (628-23 miles), against 947-23 kilometers in 1895,
an increase of 63-79 kilometers for the year.
The branch from Matamoros to Zaragoza was opened to
the public for business on September 15th, 1896. The open
ing of this branch materially extends this Company’s facili
ties for handling the varied products of the Laguna Region,
and tstablisbes mrect railroad corneciiou wi:h ihe extensive
cotton enterprise of the Tlahualilo Agricultural Company,
from which a valuable traffic has been assured to the road.
The grading on the extension toward Monterey, upon which
work was suspended for the reason stated in the last annual
report. j8 again being carried forward, and 55 kilometers have
been completed, it is now probable that, in view of the
projr.es made, work will not again be interrupted, and it is
exprcted that this railroad will be operating regularly to the
City of Mcnterey during the year 1897. Such a result cannot
fail to be of material benefit to the property, as that city is
the most active business centre in Northern Mexico.
EARNINGS.
The trarsportalion earnings and expenses, in Mexican
currency, for the year have been as follows :
^-During Tear 1896.^
From—
This Tear.
Passengers................................. $319,496 33
Express......................................
32.537 90
Sleeping car...............................
19,328 47
Freight....................................... 2,369,693 02
Car mileage...............................
57,600 87
Locomotive mileage..................
8,012 00
Telegraph...................................
7,986 22
Sundry sources.........................
50,232 11
Kentahs.......................................
33,643 11
Intel-national bridge................
2,495 30
Increase.
Increase.
'
$38,878
71
6,242 80
19,328 47
172,129 66
5,397 31
368 00
882 13
...............
4,193 14
...............
Decrease.
$8,948 97
) 672 00
Total.................................... $2,900,925 33 $236,799 25
Working expenses.................... 1,829,279 49 231,924 17
Earns, over working expenses.$1,071,645 84
$4,875 08
Earnings over working expenses, as above.....................*1 071,645 84
p 94,9 23
Interest on open accounts................... ............................
Income from Investments.............................................. "
1*334 50
Total receipts.................................................................$7,082,829~57
Lees stamp tax...................................... ................................
17 807 15
Leaving in Mexican currency.......................................$7,065,02242
Which converted into U. S. currency at the rate of 51 31
cents for the silver dollar, leaves..................................... $546 463 00
Against this is chargeable in U. S. currency, viz :
One year’s interest on bonded debt........... $587,860 00
General expenses in the United States____ 21,357 66
Interest, discount and exchange.................
8,806 59
618,024 25
Leaving a deficit of (vide note below )..........................
$71 552. 25
Tear.
1 8 9 6 ....
1895 ....
1894 ....
1 8 9 3 ....
1 8 9 2 ....
1891 ....
1 8 9 0 ....
1889 ....
1 8 8 8 ....
1 8 8 7 ....
1 8 8 6 ....
1885 ......
1384......
Average
Kilometers
Operated.
...1 ,0 1 1 0 2
... 94723
... 922-19
... 922-19
. . . 746-37
. . . 658-30
... 637-38
.. . 636-34
... 573-97
.. . 273-58
.. . 273-58
... 27358
. . . 245-20
[VOL. LXV.
Gross Earnings.
$2,900,925 33
2,664,126 08
2,160,121 47
2,050,934 01
2,095,726 14
1,197,856 55
1,120,366 41
911.698 51
656,781 41
237,394 13
185,150 25
153,916 18
103,307 98
A verage
Earnings per
Kilometer.
$2,869 30
2,812 54
2,352 14
2,226 15
2,807 89
1,819 69
1,74 5 64
1,432 73
1,144 28
867 73
676 76
562 59
421 49
Average
Earnings
per Mile.
$4,617 60
4,526 28
3,785 29
3,579 04
4,518 67
2,924 02
2,839 77
2,305 64
1,841 47
1,396 43
1,098 11
905 39
612 37
The earnings for the year l89ti, the largest in the history of
the company, are particularly gratifying, as they reflect, un
der the average normal condition of trade whioh prevailed
for that year, the steady improvement in the material pros
perity of the communities served by these lines, and the
steady growth of the company’s business resulting therefrom.
The exceptionally good showing per mile of road in 1892 re
sulted almost entirely from the large corn shipments into
Mfxico that year to relieve the famine caused by long-con
tinued drought.
The net resulls from the year’s operations show an increase
in the gross earniDgs of $236,799 25, or 8-89 per cent, and in
operating exp en ses of $231,924 17, or 14 52 per cent, leaving
a gain of $4,875 08, or -46 per cent over 1895.
Earnings from local passengers were $259,550 48, an increase
of $26,385 55, and they formed 82-68 per cent of the total pas
senger revenue. From through passengers, earnings were
$54,353 65, an increase of 11,004 54 over 1895. In the number
of passengers carried there has been an increase of 21-86 per
cent in first class, 60'01 per cent in second class, and a de
crease of 4-15 per cent in third class, and in all passengers
carried an average increase of 8-38 per cent for the year. The
advantages of the Company ’a through line between San An
tonio, Texas, and the Cily of Mexico, referred to in the report
for 1894, is becoming manifest in the increase in earnings
from through passengers, which in 1896 formed 17 32 per cent
of the total earnings, against 15 67 per cent in 1895 and 8 per
cent in 1894.
Earnings from ccal and coke were $780,088 80, a decrease
of $158,415 43, or 16-87 per cent, resulting from a reduction
in the length of haul of 7-18 per cent, and in the average re
ceipts per ton per kilometer of -87 percent. The total tons
hauled was slightly in excess of the tonnage in 1895. Earn
ings from local freight other than coal and coke were $1,195,359 54, an it crease of $219,433 08, or 22 48 per ceDt, and from
through freight, $394,144 68, an inert ase of $111,11197, or
39-26 per cent. The total freight earnings increased $172,129 66, or 7'83 per cent; the number of tors carried, 11 99 psr
cent, the tons oarried one kilometer, 13-50 per cent, and the
average length of haul, 1-35 per cent.
Except for revenue stamps, the Company is exempt, under
its concessions, from all taxes, so that the entire surplus earn
ings are available for the payment of interest on the capital
invested in the enterprise. As the railroad has received no
subsidy from the Government there are no such contingent
of either assets or liabilities awaiting settlement between the
Governmer t and the Company.
The earnings and operating expenses per kilometer and per
mile of road operated for the year and per revenue train kilo
meter and mile have been as follows;
Gross
Earnings.
Per kilometer of road, 1896........ $2,869 30
“
“
1895........ 2,812 f 4
Per revenue train kilometer, 1896
“
“
1895
Working
Expenses.
$1,809 34
1,686 45
$56 76
$122 89
$1-6514
1-7033
$1-0414
1-0213
Earns. Over
TFor king
Expenses.
$1,059 96
1,126 09
$66 13
•6100
•6820
The expenditures for bsttercu. nts and additions chargi d to
•0201
capital account amounted to §89,347 55 Mex. currency, or, at the
•0519
•0720
aver, rate of 5131 for silver dollar, $45,844 43 U. 8. currency.
• Th® e®rD1Dgs
Mexican currency have been converted Per mile of road, 1896.................. $4,617 69
$2,911 89
$1,705
80
into U. S. currency at 51 81 cents for the silver dollar, which
“
“
1895.................. 4.52Q28
2,713 54
1,812 74
Is
average price resi zed on the remittances for the year
$91-41
$198 35
In 1895 this price was 51-83 cents; in 1894, 53 13 cents- in
$106-94
1893, 61-63 cents, and in 1892, <56 67 cents. The steady fall in
Per
revenue
train
mile,
1896.......
$2-6636
$1-6759
•9877
the price of ulver, beginning with 1893, has resulted in the
“
“
1895......
2-7554
1-6520
1-1034
deficit of the last two years.
Increase...................................
•0239
The earnings of the Company continue to improve steadily
Decrease.
•0918
1157
as will be seen from the following statement of gross earn
While the financial resulls, as above set- forth, ate of first
ings from the beginning of the operations of its lines. It may
therefore, be reasonably assumed that the improvement in importance, reference to Table No. 11 [in pamphle] will
I T i K r 11' “ i f / i o o n s ’derably more than offset the effects
which have resulted from the decline in the value of silver.
Additional First Consolidated Mortgage Gold Bonds to be issuable as
life
A 1,200,000 ^ 4 ia per cent 50-Year., Prior Lien Sterling Bonds, payt o t ’llen upon tlienow e x itin g raUwaysontmCmnpany
viz “ From Z l V n V 0" 0' ln« 'tote^Scn c o n '“
reT^bom^ 72am?lcs“ Ln
d
^®^4a^ to^Monte-
follow s:
$6,000,000 to take up above-mentioned Prior Lien Bonds, bond for
bond.
3,690,000 (about) for tbe building of tlie now unconstrueted brandies
above referred to, at tbe rate of not exceeding $10,000 amile.
800,000 for additions, betterments and Improvements, at not more
tban $200,000 in any calendar year.
This rc-arraugomi-nt of tbo mortgage indebtedness of tbe Company
reduces the fixed charges of tbe Company from
$15,134,000 ® 4% = ................................................................. $605,SCO
to £1,200,000 @ 4ba% (taking the Pd. Stg. at 4-87k,)$263,250
$4,635,000 ® 4% = .................................................. 185,400
$448,650
Against this reduced interest charge of $448,650, the last year’ s net
eaknings (after deducting all working oxpenses and general expenses,
interest, discount and exchange), viz.. $516,298 75, would have shown
a surplus of $67,648 75.
JeLY 24, 1897. J
TH E
C H R O N IC L E .
afford an ioJex to 'ha character of business done, its volume
and increase, in the classifi -ation therein given of freight
carried.
D u-w g the year the railroad transported 225.444 tons of
coal and coke, exclusive of that us“d for fuel on the road.
There has, h over r, been a considerable incr-ss • in the ex
port of c al from i he mines near this road, 4,232 car loads
having been -o moved, agaios' 3 890 ia 1895
Of n’ lver, 1 ad a> d iron ores a d bullion, there have been
131,9'6 ions transported, being 13,132 tons more than were
moved in 1895, and exceeding the movement of that year by
508 car losds. All of this ore has been consum-d in i l xico,
except 67 car 1 ads, which, after traversing the entire length
of the mai • line, were export-d to the United States early in
the year. The entire production of bu lion was exported.
As an evidence of the growth of the ore business, it may be
stated that during the y-ar three additional stations on ibe
road were add-d to the list of those from which ore has been
regularly shipped.
Cotton, witu its products, maintains its position as an im
portant contributor to the revenues of the road. In l-<96,
34.756 hates were hauled, b-iog 217 less than in 1895, The
quantity impott-d was 11.874 b ib s, an increase of 1,627 b»!-s
over the previous year. O ’ native cotton there were 23,882
bales hauled, a decrease of 1,844 bales compared with 1835,
in the eupply contributed from the territory adjacent to the
line of ibis road, this d crea-e being 749 bale* from tbe vicin
ity of the frontier and 1,095 bales fr >m the Laguna. Careful
study of all existing conditions undoubtedly strengthens tbe
belief that this decrease is but transitory; for it is believed
that much more than tae quantity represented bv this de
crease is still in the bands of the growers awaiting shipment;
11,314 tons o f cotton seed, meal and oil have been moved.
Sbi -ments of flour show a slight improvement, but in the
movement of totb corn and wheat there baa been a decided
increas-, 89,833 tons of grain having been transported in the
year. Tbe increase in the traneportation of miscellaneous
products of agriculture ha* been 3 987 t -ns.
In the movement of tative lumber, there waa no material
change over last year; but tber- were 1,110 car loads of
American lumber transported vis Eagle Pass.
A steady increase is noted in th-* movement of manufac
tures, machinery and general merchandise, indicating a - onstsnt enlargement of the requirements of the people and tbe
ability of producers to meet their necessities.
I« may be of interest here to note that, notwithstanding the
diff. retire in tbe standards of valu-» between Mexico an l the
United S ates, the Custom H iu«e branch of tbe Gomptny’s
service shows that 1.154 more ear loads of merchandise wi re
imported into Mexico in 1*96 than In 1895, via the Interna
tional bridge, the total value being $2,178,4'3. Exports f r
tbe same p ri-id were 265 car toads in excess of (hose in 1395.
their total value b-ing $3,302,013
Amongst the exports, be
sides the 4 332 car loads of coal above mentioned, there have
been 259 car loads of bullion and ore, 24» c tr load* of ootton
seed products, 87 car loads of petroleum. 24 car loads of brick,
and 31 car loads of freah frui; and vegetables. This Utter
traffic promises to grow to c maiderable proportions in the
near future.
WOKKINO EXPENSE*.
The working expenses have absorbed 6!-29 per cent of the
gross earnings, against 59 93 per cent in 1895. They are $331.934 17, or 14’53 iwr cent greater than in 1895. The io-w of
several building* at the Company’s shops at Ciudad Porflrio
Diaz —i’s main sh ots—by tire on Februtry 15, 1896, has add "1
considerably to the increase of the j e s t ’s ex oensev. in a idition to $75,000 c larged up directly to working exp-ns -* for
the restorati jd of the buildings ami machinery, the working
exp-naea were, for a period, increased over the forui-r aver
age cost from the absence of facilities to make repairs eco
nomically and the premium on work done in shops of neigh
boring railroads in Texas and paid for In U. S. curr-ncy.
The details of working expenses are shown in table No 8 [ if
pamphlet], and have been :
Per
e-Dnrina Tear 1896—
Inert*}$e.
Cent.
This Ttar.
fje e r w tt.
Maintenance of way
and structures........
6528.295 89 697.613 00
. . . . . . 22-69
Maintenance of equipme.nt............................
399.54) 19
65,006 49
. . . . . . 10-45
Conducting transporta
tion, ............................
13 04
709,583 43
81,87090
General expense*........
1-27
201,869 99
82.695 90
Total
61,929,279 49 6231.924 17
14 52
M a in te n a n c e o f W a y a n d S tr u ctu r e * , —Toe principal items
of increase in these expenses were: Iu repairs of timber treat
ling. $21,031 81; in renewal of cross ties, $11,161 46; in rails
and fastenings. $9,343 31. and amount charged up to cover
losses by Are at shop buildings at Cut lad Porflrio D.az $52,500.
Materials us* d in repairs and renewals during year have b»en:
1806.
1805.
Number of untreated cross-ties put in track............... 02.241
81.902
Number of bnrnetlxed ties put In track...................
t,097
...
Equal to kilometer* of track. ................................... 55 08
5171
Angle plates. No............................................................... X.345
.199
Fishplates
“ ..............................................................
1,000
610
Track bolt* •• ........................................................... 6,648
49,250
Spike*, it,* ..............................................
I59.t37
151.193
Filing used In repair* timber trestUng, lineal feet. “'-.029
33,026
Lumber n*ed In repair* timber treslllng, II M.
...600,343 380.085
Lineal feet of trestlln* renewed...................................
6,947
5,236
"
“
filled u p ............................... 1,470
---Of the lies put in track during the year, 58,939 were ob
tained from the viciniiy of the road.
There were laid in the main track during the year, 71.564
157
siloraet-rs of 63 lb. steel rail, and the lighter rail of 50 lb.
taken out of track b«q been used in construo'ion of branch lines.
Maintenance o f Equipment.—There has been an increis; of
$33,930 65 in rep tire of locomotives, resulting partly from an
mcreas) of 10*31 per cent in mileage of locomotives, and from
the expensive nature of repairs made, sever*! I icomotives
having received new Are-boxes. Also from increased cost en
tailed ny the destruc ion of a part of the shop* at Ciu iad Porfi no D az. above referred to, and a charge of $33,500 for re
pairing machinery damaged by said Are.
The operations of the Company’s foundry have been :
1896.
Iron castings, lbs................................................... 2,085.919
Braes
"
“ ........ 1......................................... 187.817
Car wheels, N o.......................................................
1,165
1895.
905,113
75,232
110
The ou pu: of manufactured produce by the Company’s
foundry, established for the purpose of still further enlarging
the employment of Mexican labor, has been particularly
gratifying.
The Company own* 46 locomotive*, 36 passenger cars of all
kinds and 1.431 freight oars. Their condition, the general charac er of th- repiirs m *de during the year and oo*t of mainte
nance are mire fully shown ia Tables N js. 13, 13 and 14 [of
pamphlet].
There i- i-tclu 1-d ia the working expenses the co3t of re
placing 34 fr-ugbt c trs destroyed during the year. The total
to the ert-di o f the fund for the renewal of cars, at the close of
the y a - , a nojnts to $38 650. N*w cars to be charged against
said fun I will either oe purchased or built at the Company’s
shoos during the ensuing year.
Conlucting Transportation —Toe principal items of in
crease m fi»**s* expenses were : In lcc imotive and train ser
vice, $53,407 37. or 13-04 p *r cent, resulting mtinly from an
increu*e of 13 31 p«r c >nt in revenue train kil imeterage; in
car service, $15 646 33, of which $5,581 77 was in exp -ns-s ap
pertaining to the op-radons of sleeping cars, and $10,076 76
resulting mainly from an increase of 10 74 per cent in freight
c»r kilomet-rige. 9 Ation service increas *d $12,348 99, re
sulting mainly fr im an increase of 33 03 p *r cent in tonnage
handl-d during tin y-Brother than coal and coke.
In transferring cars at junction points, an actual saving of
$17,104 83 ha* been m ide, 2,3)6 cars having been so handled
at a cost of $3,438 37.
General Erpcntes— rhere has been a slight decrease in
these expenses. The change* ia the various accounts are
fully shown on Table No. 8 [pamphlet],
CONSTRUCTION
AND
IMPROVEMENT.
There were expended during the year, in Mexican cur
rency, for construction and improvement, $75,065 75 ; for
equipment, $415 06, and t>r real estate, $13,836 74, a total of
$89,317 55. Tne detail* of thes ■ expenditures are shown on
Taole No. 7 [pamphlet].
The eg imatea i->r the year 1897 are $132,520 Mexican cur
rency, of which $7 5 /0 ) is for about 25 miles of pipe lines
and $22,500 for dwelling hoti-es for employees.
GENERAL REMARKS.
The road U of tbe standard gauge of four feet eight and onehalf inches. The lines are well situated, bath with reference
to development and physical location, and the gradients do
not exceed one per cent, which enables tbe Company to
handle a Urge tonna.e at a minimum of expense. All the
important bridges are of iron, resting on masonry. Ad other
-true;urea and appointments are ample and of a su istantial
character.
At the end o f the year there were 1 697 employees upon the
pay rolls of the Company, of whom 574 were foreigners, and
1,128 were M-xican c i’ iz ns; while, including the above, the
whole number of Mexicans now employed in the service of
'his Company, and of the other enterprises affiliated with it in
M»xico, is 3 339. an increa»e of 78) during the year.
Th- arrangements previously established for the comfort
and convenience of the employes and their families continue
-atisfactory both to the Company and to the individual mem
bers of its service.
All tbe homes built by the Company for employes are oc
cupied, and more are in d-n u n 1, especially at ioceri >r sta'ions on tbe line : aod during tbe coming year additions will
lie made to the number now owned.
The club at D.az and the hotel* at various important di
visional points on (he railroad continue t >fl ourish, and wall
*erv- the purposes of their establishment; while th* hospital
-y»tem, operating over the entire road, is especially appre
ciated and beneficial. During the year 3,011 patients have
been treated.
O i March 80, 1896, a con true, was nude between tbe
National Government and the Comptny, by which the period
in which to build the uncompleted lines in the origioal con
cessions was ex ended for ten years from the date of the pro
mulgation of that contract, and all the other franchises en
joyed by the Company were confirmed.
All relations be'ween the Government and the Company
continue to be cordially maintained.
The encouragement given by the Chief Executive and by
all branches of the Nat.onal Government to tbe establish'
ment of new industries and the development and enlargement
of old enterprises is seen in all directions and amongst all
clas-ee.
Th" year closes yrifb the Company’s property in excellent
phyricil condition. * * *
By order of the Board.
THOS. H. HUBBARD, President.
1 HE CHRONICLE.
15
g lx e
C o m m e r c ia l
C O M M E R C I A L
[VOL. LXV.
C O
jin x e s .
E P I T O M E .
!
T he M ovem en t
of the
T T O
N
.
F r id a y N ig h t , July 23, 1897.
C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 2,417 bales,
F r id a y N ig h t , July 23, 1397.
against 4,415 bales last week and 4,982 bales the previous
As we writ?, advices received fromWashington indicate that week, making the total receipts since the 1st o f Sept., 1896,
it is probably only a question of hours before the pending: 6,673,279 bales, against 5,205,399 bales for the same period of
tariff bill will be enacted. This, together with the reports 1895-6, showing an increase since Sep 1,1896, of 1,4(57,*80 bales.
from the West stating that progress is being made in the set
Tues.
Mon.
Wed. Thurs. Fri.
local.
tlement of the strike of bituminous coal miners, has further Receipts at— Sat.
increased the hopefulness previously existing among Galveston.........
270
35
169
110
193
777
merchants generally. Another development that adds addi
Tex. City, &c.
tional encouragement to the business situation is the con New Orleans...
31
45
137
13
102
26
354
tinued steady upward movement of the prices for grain, par M ob ile...............
1
3
3
3
10
ticularly wheat, and as all indications are favorable for large Florida...............
crops, better times, it is expected, will follow among agri
5
10
2
60
13
91
1
cultural people, which will naturally extend to trade circles, Savannali.........
Brunsw’k,&c.
Reports of rich gold deposits in the Klondike Held have at
1
3
2
tracted some attention, and as a consequence there has been Charleston.......
.........
Pt. Royal,&c.
something of a rush of fortune-seekers to that section of the
Wilmington___
1
55
16
72
country.
Wasli’ton,<fec.
Lard on the spot has had only a limited call, but there
10
21
7
6
21
65
has been no pressure to sell, and prices have advanced in N orfolk.............
.........
53
53
Bympatby with the grain markets, closing steady at 4 35c. for N’p’t News, &c.
. . . __
......
prime Western, 3'95c. for prime City and 4'70c. for refined for New Y o rk ........
lift
30
31
26
31
the Continent. No business has been transacted in the local Boston...............
279
279
market for lard futures, but in the West prices have ad Baltim ore........
224
45
vanced on buying by shorts to cover contracts, stimul&t-d by Pliiladel’a, &c..
306
50
625
lighter receipts of swine and the advance in the grain mar Tot. this week
572
173
186
225
362
929
2.447
ket. The close was quiet but steady.
The following shows the week s total receipts,the total since
DAILY CLOSING PRICES OP LARD FUTURES.
Sat. Mon. Tue$. 1Fed. Thun. Fri. Sept. 1,1896, and the stock to-night, compared with last year:
Sept................................0. 4*35 4-45
4-47
440
4-40
4-35
1896-97.
1895-96.
Stock.
The demand for pork has been quiet, but prices have held Receipts to
This Since Sep. This Since Sep.
about steady, closing at $8 00@8 25 for mess, $8 75@10 50
July 23.
1S97.
1896.
week. 1,1896.
week. 1,1895.
for short clear and 89 25@10 00 for family. Cut meats
have had a fair sale at higher prices, closing at Galveston...
777 1,341,556
136 927,199
2,262
6,624
6ijJ(a6%c. for pickled bellies, 12(5)10 lbs. average, 5@
Tex. C.,&e.
103 112,928
112,751
5}4c. lor pickled shoulders and 8%@9c. for pickled hams. New Orleans
354 2,070,397
4,496 1,756,238
15,065
37,863
Beef has been quiet but steady, closing at 8? 50@8 00 for Mobile........
10 291,364
10 195,898
2,125
3,155
mess, $8@8 50 for packet, $9@10 for family and 812@13 50
88,525
33,753
for extra India mess. Beef hams have advanced to Florida........
91 840,375
253 752,393
9,293
7,738
$25@25 50. Tallow has had only a limited sale, but the price Savannah...
177,266
116,232
1,416
1,317
has held steady at 3J.^c. Oho-stearine has further advanced, Br’ wick.&c.
3 398,379
51 280,151
10,859
10,600
closing firm at 4%@4jgc. Lard stearine has been firm at Charleston..
73,595
77,513
5J^c. Cotton-seed oil has had only a limited sale, but values P.Royal,&c.
72 234,549
10 170,941
1,200
4,048
have held steady at 24J^@25c. for prime yellow. Butter has Wilmington.
857
767
been steady for choice, closing unchanged at ll@15c. for Wash’n, &c.
65 703,947
78 337,579
4,081
1,339
creamery. Cheese has had a moderate sale at steady prices, Norfolk.......
53
18,911
267 170,113
50
cloaing at 6@7J^c. for State factory, full cream. Arrivals of N’portN.,&o
48,575
92,171
53,147
61,501
choice fresh eggs have been limited and they have brought New York...
Boston........
118 160,235
384 126,656
5,000
6,200
steady prices, closing at UJ^@12c. for choice Western.
279
63,300
6,311
Coffee ot Brazil growth was higher early in the week on Baltimore. .
5
48,858
2.963
625
48,697
crop news, but later reacted slightly, closing quiet at 7%c. Philadel.&e.
1,015
45,033
3,795
5,076
for Rio No. 7. Mild grades have had a fair sale, owing to in
6,808 5,205,399 116,460 185,590
Totals.......
2,447 6,673,279
creased offerings of desirable grades, closing at 13c. for good
In order that comparison may be made with other years,
Cucuta and 23%c. for standard Java. There has been a fairly
active speculation in the market for contracts. Early in the we give below the totals at leading ports for six seasons.
week cable advices from Brazil reporting frosts in the interior
1896.
1895.
1892.
1894.
1893.
stimulated a demand from shorts to cover contracts and Receipts at— 1897.
prices advanced. Subsequently liquidation by longs caused Galves’n,&c.
777
239
105
406
227
622
a reaction, closing quiet but steady. The following were the New Orleans
354
4,496
1,157
2.024
4,141
1,899
final asking prices :
Mobile.........
10
10
12
19
221
50
July.................... 6-S50. I Oot..................... 7-lOc. IJan....... ............... 7-35c.
Ang..................... 6-85o. Nov..................... 7-15o. Feb.......................7-lOc.
Sept...................... 7'00o. |Dec.....................7-25c. I March..................7-45c.
Raw sugars have been firm but quiet. Buyers and sellers
have been apart in their views, closing at 3%c. bid for cen
trifugals, 98-deg. test and 3^c. for muscovado, 89 deg, test.
Refined sugars have been fairly active and 1-lBc. higher for
some grades, closing at 4 15- 16c. for granulated. Syrups,
molasses and rice have been more active and higher. Teas
have been quiet and easier.
Kentucky tobacco has sold slowly, but prices have held
firm, offerings having been small. Sales 175 hlids. Seed leaf
tobacco has been firm but quiet. Sales for the week were
800 cases, as follows: 200 cases 1895 crop, Zimmers, 16c.; 100
cases 1895 crop, New England Havana, 17@22c.; 200 cases
1895 crop, Pennsylvania Havana, 13® 12}£c.; 100 cases, 1893
crop, Wisconsin Havana, p. t.; 100 cases 1894 crop, Wiscon
sin Havana, 9J^c.; 100 oases sundries, 4®14c.; also 150 bales
Havana at 70c. to 81 05 in boDd and 225 Dales Sumatra at
80c. to $2 10 in bond.
The demand for Straits tin has been less active and prices
have declined in response to weaker European advices, clos
ing easy at 13'80@13 85c. The home demand for ingot cop
per has continued slow and at the close prices were lowered
sligtt y to l l @ l l ^ c . for Lake. Lead has been in demand
and higher, closing firm at 3-873>£@3'90c. for domestic. Spelter
has been unchanged and steady at 4'30@4-85c. for domestic
Pig iron has been quiet but st-adier at 9-75(312 25 for do
mestic,
petroleum has been easier, closing at 5-75c. in
bbjs., 8"25c. in bulk and 6-20c. in cases: naphtha quiet at
5-30c. Crude certificat-s nave been ueglect d ; credit bal
ances have been lower at 75c. Spirits turpentine has been
qui.t. but the close was firmer at 26}£®26%c. Rosids have
been quiet and eaay at $1 65@1 67^ for common and good
strained. Wool has been held for higher prices, checking
business. Hops have been quiet but steady.
Savannah...
Chas’ton, &o.
Wilm’ton, &c
Norfolk........
N. News, &c.
All others...
91
3
72
65
53
1,022
253
51
10
78
267
1,404
160
41
22
159
83
995
339
355
24
275
224
255
1,274
45
26
920
250
3,101
552
289
16
403
144
2,004
Tot. this wk.
2,447
6,808
2,734
3,921
10,205
5,979
Since Sept. 1 6673,279 5205,399 7856,226 5907,419 5050,754 7096,427
The exports for the week ending this evening reach a total
of 12,698 bales, of which 2,041 were to Great Britain, 2T6
to France and 10,381 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1896.
E xports
from —
G a lv e sto n .......
T e x . City, &c..
New O rlean s..
M o b ile ..............
P e n sa co la .......
Savannah........
Brunsw ick —
C h a r le s to n ....
P o r t R o y a l....
W ilm in g to n ...
N o rfo lk ............
N ’p ort N., «&c..
N ew Y o r k .......
B o s t o n ............
B a ltim ore.......
P h ila d e lp h ia ..
San Fran., &c.
W eek Ending J uly 23, 1897.
E xp orted to—
Great
France
BriVn.
From Sept. 1, 1890, to J u ly 23, 1897
E x p o rted to—
Conti Total
Great
France
nent. W eek. B rita in .
711,291 201,591
1,735
276
1,078
1,953
1
8,802
l",3n8
101
101
300
300
T o t a l ............
2,041
270
T o ta l, 1806-66.
16.801
29
10.381
843,559 420,297
143,412
60,732
48,20-, 15,334
103,347
78,322
71.600
95,431
148,320
5,200
9,053
331,410 37,944
223,874
80,717
8,798
11,438
3,561
C onti
nen t.
Total.
285,720 1,228.0)8
21,798
21 798
687,234 1,957,090
37,120 180,532
5,018
72,350
372,543 436,140
21,789 125,130
191,889 270,211
71,000
111,3^3 200,794
40,05* 200,175
1,178
10,831
289,190 058,544
3.722 232.590
82,521 172,030
450
11,888
65,731
59,222
12,098 3,005,980 695,104 2,214,527 5.915,621
12,981 28,511 2.223.843 405,785. 1.844,625 A.534.25S
July 24. 1897.J
THE OETROFICLE,
In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
T h e Sa l e s a n d P r ic e s o f F u t u r e s a t N e w
s h o w n in th e f o ll o w in g c o m p re h e n s iv e ta b le .
Y o r k , a re
no
B
3
OB
1
OJf SHIPBOARD, NOT CLEARED' FOR—
2
I
33
S£
m
t
III?
Leaving i s * i l | |
Great _
Other 1 Coast- \
stock.
Britain. Frame. Forcign wise. \ Total.
1 f t
July 23 at
M m O rle a n s ...;
Galveston.........;
Savannah.......
Charleston......
Mobile ...............
Norfolk..............)
H ew Y o r k .........
Other ports___
164 i 3,771 i
828 j
289 ;
1,303 !
None. None, j None.
None. , None. None.
None.
None. None. None.
200
None.
None. None.
None.
None.
530 :
None. None.
tsar
.........
1,150 None. :
400 None.
500
None.
1,895
To ta l 189 7...
To ta l 1 8 9 6...
To ta l 1 8 9 5 ...
11,819
3,953
464
1,403
50
5,421
5,352
1.303
.None, i
200
Feme, i
530 |
1 ,8 1 " i
900
10,102
2,322
8*4
1.852
13,108
3.890
27,214
9.745
9,713
959
9.293
10.400
2,125
809
59,684
13,375
r*
i
illr
II
i3 ii
IP !
M
l
ill;
a
I j s
%■ T
g S rs fS «* g ,
g lo c S
3 s .= *
5d® d
•<
^ <1C“
5
T
!
&
■
w
1
w
5 » « J
S 4*7*2
O-
158.376
352,588
44
»*■
6S
i«
S
at
§
1 3 J 50,100
Bmi, j MOW;
ml
'
•"! \
n*
» f
UPLANDS.
W ed T l « .
sat.
GULF.
flood O rd in a ry .............. .............
...........
Middling F a ir .......................
7*4
7-i»
:
km
■$»„
„ : 9*o
W on T o r , W e d
-3.2
iSa-V
c*
o
to
^3
S *1
3
r*
m
g
o
5
w
3
r
t o w M iddling...........................
M id d lin g .......................................
Strict M iddling. . . . . . . . . . . . . . . .
Odod M iddling T in g e d .. . . . . . . .
OH
T
T in a
«%
1 7%
W*
b
f»14
7'ho
Th.
i
t-
k
W ed T h .
0
1
fc*ct
50 2
g
8
g
«e*
f t
1
%
i
*2
F rS .
1
—4-4 ^
£ § 4
t 5t“ ®
OOPO
in -*
l W »r
OOOO
e »c e
o -o
>
-3-3 J
^
^
£z~i £ t~ f
1 a ? ;:
1 4*.^f
t m3^<3 *4-*slO'3
’ tc®co « e 0 ca
® 6. » »
cd
>
*
>
-3—3 £ -3-3 ^
g :i - ?
£S 5
I «* * f
1 «kg
OB
<1-30 ■*3 -3-30-3
-4-4
»ALm or i r o T a m c o n t r a c t .
itnlet of
Futuret.
«#• j Con- Spec Con
port. mimp. utfn tract, Total.
Tuesday {Steody............
2 «£ < »* y Steady at to de.
« f e
ToW L.
S S f e ..............
_
_
_
_
_
4#
.581
-----....l
24Xi
1,700
. .. . «
%B\7
M «»0
7,860
ioo
1,325
1,304
580
:::.
....
ill
3,017
1.525
3,094
two
100 9,366
67,900
99.800
76.800
80,400
S B
443.600
O
P I
i
££ f
1* * ?
*».
—3-3 C -3
H
-3-3
-3-3
5
1 w .w f
©
-1-3 0 -3
i
t i si
<
-3-3
5
*
4
3
m§ ?
1 s»P:
*4*40*4
ooc 6
'1-J 5
8 8 -sB
1» ? ?
4>m S»4
so°6
31
S’5 - 5
; B.»r®
44S4
2>2.®6
i -O -4
J
©O
a®
-3®
H
J
%
5
t i j
f i j
m
m*
J
£ S -S
?
1» ® f
1
—
5S5
*4-30-3. -3-30-4
f
I s>5>;
<1-1041
66°6
cc® W
5
J
-3-3
£
E ® - 1^
| S .-f
4404
M~4 W
-3-3
t s s £
i i H
«<?
n& E i
4
s g ? - f m - i ta -§
*.«f i w . - r f w . « ?
f e ’• i
*>4-3l6
®*J
1
4
s§ -2
!• -* ?
**w g?
is ° s
ss°s
b b
1
2S* i
g | * l
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*?*1
u H
§
3 <5
1* *
f «»
Ss°s
< ff
w -t
I s
* B
J
i y
5
I
i£ °$
-3-3
r>®
<
K
oo
lg ° s
sS s2
-3-3
m
i
50
f i.?
®
^3 ’
K>
*3<»C*3 <S**30-1 -3-30-1
-3
<3-310 0
-3
«3-36*3
i i -e
-)<1 J
i s _■
S
i s ®
4-f
-o <s<a
-4-4 ^ -4-4 ^
jg -s
it *
1 ® 8 »f I * « ?
<3 *0*300
i£ ° 8
A
Q t
^ '^© *
§
«« 4 O 0 l
-3
•3*30-3
?
<350 C5
?a*S
| « y ii
^<a 03 mm m - j w
>
!
>
>
-3-3 5 —3—J ^ -3-3
-3 0
1
? a
£*s!
5 s
5 7 } ? 'to ? -to 4
s 2 -5
§ 8 -5
S S t i S wd- 5
I « ? r t # > f 1 *«5f 1 * S f
§ 2 -5
T*f?
*0
*3-30-3
-1
-1-3 0 -3
O
-a-3.0-3
'JE
-3-10-3
O
-3-3 0-3
l°§ i i ° i ! i
41. 5 '4*4 4 -40 5 *4. J
1 15
? : * n KS3 f i OO? i v ** 1 3 N
-3-3 0 -3 -3 . O —3 -3—30-3 -3 , J
| §
S P § I i Sg 2 g ° l S ! ‘ 1
fri
4&
► -1-1 J
JSw
-3-3
J -3-3 < ^
<
o o 1 So ^ o o i f f ? g §
i o»
i # «of r mor
3 t<
-3-30-3 -3-3 0 -3 -3-30 -3 *3-10-3 > o
jiJ.®
<s*0» a
«g —*.
cciyi t& mi# 5 2 S °2
’ {*1
-1-1
? -I . J
4 4 5 *4-4 ? '*^1 & — '4 f
k.™ 0^
3 ^.w 4
^ • T
to %
4 » a =
a U h 5 « < - '3
* S4* ?
Is*;: fw * |t» r 1 « " 1 » :
-3 1 $ -3 -3 * I ->*30-3 -1-30-3 -3-30-3 -3-3 0-3 I
w?
4^'*
6 f0 ° 6
O
©» oo J Ot-3
MCO ® OQO -3 C*« «0
1 **:
1li
l!
i i ° 8
8
II J II i II i II
(
? i s»: ? i s: f |»:
j- 1 li | 1 li | 1 i: | i li
k
s
<
1
►
ji
350
-j-3
66
1 i:
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed
on same days.
il.
*:
o
-4-4
^
"
i
JKH .
M A R K E T A S P BALKS.
M
1
c
-4-1
o
-j
$ S »o
s .w » E
**■
oisx^L
too O
■4C
3H
7 » s 1 S t I 7*1*
714,pi 7 i » ; li s *
: ^ .~ E
•S i ^
r ifiT
-4 , S' -4 .
^
i
*• S
.'
s
m2 s
I S :
|« ®
fcw
H*
'j o o o 'M c -4
o «® 6
i &n €: *P h
I
1 ®!
-
«
f «
5
KB
« fc » '
sc? » ! S o S s
i erf
I s*:
C£
' H O O -o^©*oi
*e-j£°i£
O O CO MO* W*
1
%
gi&J6
7»-g
; 7 »„
7H 7*4
\77S i ? ’* |- £Z *>> ' I
: It'*
l
i
m
^ 8
8*e
‘ tt.
t i w 1 f94 „*
9>„
Hi
«
9%
0% -
m$,. W e n
S T A IN E D .
F r i.
! §!
CO
? .s '£ U ° i
J -1 . 5
-•j
F a ir....................................c.
an, flood O r d in a r y .....___ e. 1
off.
Middling Fair.....
on.
|flood MiddlingTlu««l . £-■ «.
s
j 4*;
Strict flood .Middling....... % on ' s trict MlitSlbw Stained
off.
? : *, ?I
Good Middling................... *ID on. i Middling S U iu w t..._____ a, off. 1
!. -4 . :
Strict t o w M iddling.
off.
strict tow Mid. Stained
-ff. § %
3 i:
t o * Middling. . . . . . . . w off.
tow M iddling S ta in ed... It*
off.
1 S 1* 1
S trict flood O rd in ary....... « ls off. I
£■**
£h>
-3-3 5 -3-1 £
On this basis the prices for a few o f the grades would be
m
ES
§
SS
5
t » follows.
«-* 2 p i * » r t % .
*»
©
*3*30*1 -3-10-1
-: ?
618,.
<J#odi O rd in a ry ............................ j 7
17
to w M idd ling.............................. 74,
7 % ' 7=8
2*»»
M iddling........................................ 8
T ti
S
Good . M i d i l H o j f J ■
« !
8s * j
»r, ) •ill,
M iddling F a C ! ........................... ! 87* I S r
sS
§
m i i3 ii i3 i
I P I l| f | IP 1 I f f
f t p T l| | T i l v r * p
i l l ?
i l : 1
if :
100,358
There has been a quiet speculation in the mark* t for c ttcn futures and the tendency of prices has been downward.
Although with pikes in close proximity to seven cert*opeiatois have shown little disposition to sell, the
market showing rath* r a disposition to bold off
and await developm-»i t».
Crop news has been the
governing feature of the marfeit. It has be- n generally
of a favorable nature, the exception toiog the advires from
Central and Southern Texas, where it is tinted that ihe grow
ing crop is in need of rail . There ha* been some liquida
tion of August contracts by tired b nge and this has
added to the weakness <’f the market.
Saturday
and Mat day repot ts of rains in the Southwis-t, [ ait-culariy
Arkansas ar d b 'd theaatern Texas, resulted in a sharp ue
dine in prices. Tuesday there was a slight recovery on buy
ing by aborts to cover central t*. Wednesday liquidation hr
tired lccgv, togeiber with favorable crop news, weaken- d
prices slightly. Thursday ibe ma»k t weakened early on
reports at showers in Texas, bet at the clear SfeorUj bought to
cpver cm tracts and the early low was more than recovered.
To-day the saarkit was higher for near-by deliveries <n buy
ing by -iborstt to cover contracts, and the late mouths ad
vanced slightly in sympathy, closing 7 to Id point* higher for
near months and 1 point up for diatar t -1* liv.-ri.
The sp. t
market has t»en fairly steady, but to W*dn«*day price-, were
lowered 1-lik. To-day (be mark.; was quiet but steady at
7 15-Idc. tor middling uplands.
The total sales for forward delivery for the week are
448,300 bales. For immediate delivery the total sale* foot
up this week 9,£64 bales, including 1,800 for export, 7,266
for consumption, — for speculation end 100 on contract.
The following are the official quotations for each day o f the
past week—July 17 to July 23.
Rates on and off middling, as established Nov. 22,1893. anil
revised Dec. XX, 1895, by the Revision Committee at which
grades other than middling may be delivered on contraot:
159
1
*
►
►
* - 1 1 1
Is*;? |•; f
11
I t : | 1l : j
1
li |
►
" a 11 | 11 |
|8 ; f 1 «: ? I 8 : f
1 l : | 1 1:
1 " M
1
•Includes sains in September, tor September. 15,100; SeptemberQgtober. for October, 334.800; Septerdber-Huvember, for November,
372.000; September-bocerabor. for December, 2,290,000; SeptemberJan uary, for Ja n u a ry. 7,114,100; September-February, for February,
*A8,90*>; September-Marcb, for March, 8,268,200; September-Anril,
for A pril, 333.800; Sepicmhcr-M ay, for May. 4,913,000; S e p t e m b e r
Jane, for June, 798,000.
SW For exchanges see page 162.
The V i s i b l e See p l y o f C o t t o n to-night, as made up bycable and telegraph ia as follows. The Continental stocks,
well as as those for Great Britain and the afloat are this
week’s returns and consequently all the European figures
are brought down to Thursday evening, But to make the
totals the complete figures for to-night (July 33), we add the
item o f exports from the United Staten, including in it the
exports at Friday only;
THE CHRONICLE,
160
*
.
..
— ----------------------------------- 1W97.
1896
1890
1891
fltoek at Liverpool....... bales. 771,000 693.000 1,415.000 1.217,000
Stock at London.......................
6.000
0 00°
8-000 ____
Total Great Britainstook. 780,000 701.000 l . iaS,000 1,253,000
Rt/tnk at Hamhurt?
_
23,000
30,000
2 ^1,000
i.T.ui/U
Stock at Bremen
127,000 153.000 2)5,000 142 000
” * * at AmBb'nlainV.... . . . .
s’,000
7,000
15,000
12 000
Brook at Kotterdam................
200
200
200
“UO
I Vo l . L X V .
1
i r o o k S t H a X rp. : ; : : : - . : : : : : : :
i &
g
i i . g
374000
IroSk at i S o t m 8: : ; : : : : : : : :
soo oo . 73:000
91:000
77,000
fltook at Genoa
. ......
3^,000
50,000
53,000
Lo.o
srook a J m e e t e : : : ; ; ; . . 19,000
10,000
35.000
31.000
Total Continental 8took8.. 153,200 569,300 912,300 712 200
Total European stocks— 1,236,200 1,2 71,200 2,36),200 1.965,200
India cotton afloat for Europe
51,000
5_),000
83,000
66.000
Amer.oot ton afloat for Europe
41,000
6'',000
3
5a com
Egypt,Brazil.&o.,aflt.for E'pe
17.000
7,000
14.000
28,000
Stock In United States ports . 116.180 185,590 362.333 215,730
Stock In U. 8. Interior towns..
31,769
82.930
53,396
6o,915
United States exports to day.
2,171
1 .1 6 1 ______253
to
Total visible supply........ . 1,495,600 1,670,933 2,911,182 2,120.950
Of tie above, totals 01 American and other descriptions are as follows:
American—
Liverpool stock............. bales. 6)3,000 547,000 1,313,000 1,051,000
Continental etookB................... 361.000 438.000 809,000 536.000
41.000
65,000
36.000
50,000
American afloat for Europe .
United States stock................. 116,460 185,590 362.333 245.730
31,769
8 2,9 '0
53,3*6
65,915
United States interior stocks.
2,171
1,163
253
25
United States exports to-day.
Total American................. 1.208.400 1,322,733 2,573,932 1,943,750
East Indian, Brazil, <40.—
Liverpool stock........................ 121.000 146,000 132,000 196,000
6,000
9,000
8,000
6,000
London stock...........................
92,200 131,200 103,200 176.200
Continental stocks..................
51.000
55,000
83,000
66.000
I idia afloat for Europe..........
17.000
7,000
14,000
28,000
Egypt, Brazil, <Ssc., afloat.......
237,200 348,200 340,200 472,200
Total East India, &o........
Total American................. 1.208.400 1,3 22,7 13 2,573,932 1,948,750
Total visible supply......... 1,495.600 1,670,933 2,914,182 2,420.959
3 7sd.
3U,«d.
IVjd
3*>:i d
Middling Upland, Liverpool..
7c.
7o.
73,6o.
Middling Upland, New York.
7 G ,6o
4 is ,8d.
613,0d.
Egypt Good Brown, Liverpool
5'Had.
63s 1.
59,6d.
5H,
gd.
Peruv. Rough Good, Liverpool
63,«d.
641.
Id
33°« d .
4Vd.
Broach Fine, Liverpool..........
3o
>
3
3
liied
3!>isd.
39,
ed.
4i3i6d.
Tlnnevelly Good, Liverpool..
'•^DOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.—
Bel *w are closing quotations o f middling cotton at Southern
and o' hor principal cotton markets for each day of the week.
OLOSING <^U STATIONS FOR MIDDLING OOTTON ON—
Week end inf/
July 23
Satur.
Galveston. .
New Orleans
Mobile.........
Savannah. .
Charleston..
Wilmington.
Norfolk.......
Boston........
Bal tiraore...
Philadelphia
Augusta___
Memphis___
St. Louis___
Houston___
Cincinnati..
Louisville...
711,6
713,6
7°8
7=8
7?i
8
8%
8
8*4
8*4
8
713,6
711,6
8
8
Mon.
Tact.
711,6
713,6
7%
7»s
7H,6
7%
7=8
7=8
734
Wednea.
7=8
7=4
7=8
7=8
734
734
8
8%
8
8k
8
8%
8
8M
sk
8
713,8
713,6
7=8
8
.8
814
8
7 ‘ 3,6
71313
7=8
8
8
Thun.
Fri
7=s
734
7=8
7=8
7=8
T\
780
7=8
7%
8
8%
7loie
8*4
She
S
713„
7 ' 16
7=8
8>S
8
734
8
8%
8
8%
83,0
8
7'3,6
713,6
7'=8
8
8
8
8*6
8*4
8h«
8
713. „
713,6
7^8
8
8
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens.........
Atlanta.......
Ciiarlotte. . .
Columbus, Ga.
713
7 ^ |Nashville.. . . . .
7 7s |Coinmhus, Miss
7^8 Kufaula............
7M 1Natchez. . . . . . .
8*4 ( Iflttle Rook........... ....... |Raleigh......... . .
7 50 18hreveport.. . . .
7% I Montgomery...
79,6
8'4
7*4
Re 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.
I he figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
novement from the plantations of that part of the crop which
finally reaches the market through the outports,
Week
Receipts at the Ports. St'k at Interior Towns. Rec'pts from PlanVnt.
Ending—
1897.
June 18 ...
25......
July 2......
“
9 ....
“ 16......
“ 23
1896.
1895.
1897.
1890.
1897.
1895.
1890.
4,711 14.669 15,514 76,129 113,048 71,898
6,054 10,825 0,223 61,319 102,908 67,870
3,852 6,224 3.795 52,480 98,249 04,724
4,983 4.4S7 5.N06 41,353 93,908 58.702
4.415 8.8P6 2.670 34,937 87,925 50,304
2.447 0 808 2.734 31.769 82,980 5 1,390
1895.
7,449 11,257
85 2,19£
049
565
146
218
1,853
C3>T The imports into Continental ports the past week have
been. 26,000 bales.
The above statement shows: 1.—That the total receipts
The above figures indicate a decrease in the cotton in sight
to-night of 175,833 bales as compared with the same date from the plantations since Sept. 1,1896, are 6,534,454 bales; in
of 1896, a falling off of 1,418,512 bales from the corresponding 1395-96 were 5,255,679 bales; in 1894-95 were 7,852 287 bales.
2.—That although the receipts at the outports the past week
date of 1895 and a decrease o f 935,330 bales from 1894.
were 2,447 bales, the actual movement from plantations was
A t t h e I n t e r io r T o w n s the movement—that is the receipts on ly----- bales, the balance being taken from the stocks at
for the week and since September 1, the shipments for the theinterior towns. Last year the receipts from the plantations
week and the stocks to-night, and the same items for the tor the week were 1,833. bales and for 1895 they were
----- bales.
corresponding period of 1895-96—is set out in detail below.
Ov e r l a n d Mo v e m e n t
Total, 31 towns______
4,657 1
V
©
©
V*
it*
©
Eufanla,
A labama ...
Montgomery,
“
Selma,
“
Helena,
A rkansas ..
Little Rock,
“
Albany,
Georgia ....
Athens,
“
Atlanta,
“
Augusta,
“
Columbus,
“
Maoon,
“
Rome,
"
Louisville,wet K entucky .
Shreveport, Louisiana .
Columbus,
M ississippi.
Greenville,
“
Meridian,
“
Natohez,
“
Vicksburg,
“
...
Yazoo City,
“
St. Louis,
Missouri.. .
Charlotte,
N.Oabolina
Raleigh,
“
Cincinnati, Ohio ............
Columbia,
8. Carolina
Greenwood,
“
Memphis,
T ennessee..
Nashville,
“
Brenham,
T exas ..........
Dallas,
“
Honston,
“
tf-
j
H
M*
•t
•
. .
.
m to go©
Vr
•'
•
!
; ;
©.
co*“*>-'»{*© to i£*; m m cc; ; © ©to; © x ;
; ; Mto to
to- tooocioocooi-'ft-. ©totfA• . >-*octo. oi©• ©. < © *o>f*to
M
CO
©
CO
©
KtO-J
,_1
M©©to©-j w©ioto©©oc©if*©w© © © a acco©wc©©©fcOM
CDjOif* © © © GC**4W©
M<J** COCOW© ©fir*M©tOOCO©OC©
© © © © tT<f*CCCC©CO^J©CC©©©-0 COCOM©io ©'—Wlf-lxT-dio xL»
O©rf*.-J©©G0*400M:0©:0Q0lf*X©C0M*-l©©|f*C0Ct0lf*-lf*it*C0©
K.o©©to**jif*MOOM©if*oc©-sj©r-MMCo©f-<©ocoo©©i--©.--*3
for the
W
eek and
S in c e S e p t . 1.—
We give below a statement showing the overland movement
foi the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular monthly report, but all
tne principal matters o f interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending July 23
and since Sept. 1 in the last two years are as follows,_______
§
3
se
00
1896-97.
July 23.
Week.
Ska
is
k-S.Cb
Since
Sept. 1
Shipped—
3,197
808
78
1
Ui
g
I s
5- ?
55
861
106
5“
557,331
273.792
22.755
2.653
136,697
150,321
117,134
©
5,105 1,259,683
9s
Deduct shipments—
j-4
I ! r*
CO j ;
;
;
;
1,022 320,807
Overland
to
N.
Y
.,
boston,
&o..
V. ©• ■ mTo CO©CO m • • to* M
■ Mto
tr-»
? 3f to
8
4,716
Between interior towns.............
to co, , it- © to»* m
CO
© , it*; o>I © © m ; it*©:
co; m co
© 00* • © © © ©©©M*JCO- CC• ©. © © ©. 00tO• © © ■ © © COto
55,098
2,588
8- M
C
O
w
©
3,618 380,621
M M; r ® ; W J O M
a-*
^ s
co; h o w h ' to • cooc’coco © m com to mm h*m • 0*to to
Leaving
total
net
overland*..
879,062
1,487
© © . if*it*© M, ©it* CC'tOCT;*4Oi © © © tO»-•r-—
*rfh.—iOO' CO-■O' 03 to
CO I-*. © © *- © if- CO <IC0t0©00©©0;OCCi0D-]©<lif*©. CO© **4CO G
O
* Inoluding movement by rail to Canada.
1 2 ,0 2 6 1
Cb
to • c»
<1
••
!
oo.
Mto : ©©©ifatoM ; ;
toco ; -to'
!
m
s
co. ©COIf-©. CCOP->4© © © 00• . M©©|f*
Cl © to© if*to
s
CO M
**
to
©
rU
M
© ©
w
^ ^ ,;i Z*W ^ ^ ^ ^ ^ ^ ^ to^1 ©©ifk<j©oitO©©CO-JM
© COM
^COtoJ-*ChP*co-< © © coC*00GO©t©©M©<JifA>-*©©co©c<J© MS Jo 1
bt
to
5c\
o
© ©©©tO©©'X©wt^J»f*lOCO*-‘ <l©CO<10tO©tO©©©tCv-‘ OtO*4© <
©
% g
a» m ;
.
M
J■
...
xo
to
!
C
O
(f-M
if*
'
■
•*4tO©',
,
tO
w
i
tO
-4 ^ ■ © < o co; © « f t v i ^ ® 6 o i , ; © © it*toto: ; j © <1© to
<i. **#*i-©. to©-4©©cooo©© • ©©c©if*: : : © m oo^© E «
ST M
CC
oc
©
M
to
to
©
** Gi ; CO _©tOJO^Mto
M
Mto© to to CO
M
© Jr* Mto© —, © © WMCOHOWMO © ©V*Mto<1to<1© © Mto- 'SS I
CO
to
J
'^'Dis-©OOtOCCCO©4*©tOOCC©C&rC©CD©'00 JP* ^
c ^ ^ ^ r-. ©. ^,
M©©tOOif*©C©©©©©MtOif*it*^.COtO|f*X©tO
m;
I
1895-96.
Week.
1,479
623
70
458
206
Since
Sept. 1.
550,811
244,818
13.791
1,681
138,221
120,728
92,287
2,836 1,168,337
1,404
147
464
273.694
4,476
55,540
2,015
333,716
821
834,621
The foregoing shows that the week’s net overland movement
this year has been 1,487 bales, against 821 bales for the
week in 1896, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 41,441 bales.
In Sight and Spinners'
Takings.
1896-97.
Week.
Since
Sept. 1.
1895-96.
Week.
Since
Sept. 1.
Receipts at ports to July 2 3 .........
Set overland to July 23— ..........
ionthern consumption to July 23
2,447 6,673,279
1,487 879,062
15,000 882,000
6,808 5,205,399
821 834,621
13,000 855,000
Tota marketed.........................
(nterior stocks in excess...............
18,934 8,434,341
188,825
*■3,168
20,629 6,895,020
*4,945
50,280
15,766
15,681
Came Into sight during week.
Total in sight July 2 3 ..............
8,345,516
North’n spinners tak’gs to July 23 22,857 1,737,972
* Decrease during week.
. t Less than Sept. 1.
6,915,300
8,066 1,596,951
The above totals show that the interior stocks have decreased
during the week 3,168 bales and are now 51,211 bales less
It will be seen by the above that there has come into sight
fchan at same period last year. The receipts at all the towns during the week 15,766 bales, against 15,694 bales for the
have been 2,631 bales more than same week last year and since same week of 1896, and that the increase in amount in sight
Sepf. 1 they are 823,815 bales more than for same time in 1895-6. to-night as compared with last year is 1,400,216 bales.
J u l y 24, 1887 ]
THE CHRONICLE.
161
Madison, Florida.— There has been rain on five days during
W e a th e r R e p o r t s b y T e l e o b a p h . —The weather at the
week, the rainfall reaching one inch and ten hundredths.
South during the past week, as our telegraphic rep orts this the
Average thermometer 85. highest 94 and lowest 74.
evening indicate, has in the main been very satisfactory. tgSavannah, Georgia.—Rain has fallen on four days of the
There have been beneficial rains in many districts, and a week, the rainfall reaching two inches and eighty-five hun
marked improvement in the crop is reported fr o m som e dredths The thermometer averaged 80 and ranged from
71 to 89.
points. In Texas, however, there have been only scattered
Augusta, Georgia.— We have had rain on four days of the
showers and rain is said to be badly needed. P ic k in g is under week, to the extent of four inohes and sixty-seven hundredths.
The thermometer has ranged from 63 to 93, averaging 33.
waj in portions of South and Southwest Texas.
Charleston, South Carolina.— We have had rain on four
Galveston, Texas.— Warm and dry weather is causing c< tton to open rapidly over the southern poition of the St ts. days of the week, the precipitation being thirty-five hun
Drought still prevails over the gretterpait of South and Cen dredths of an inch. Average thermometer 81, hignest 86and
tral Texas. Scattered ehowers were of some benefit, but a lowett 76.
Stateburg, South Carolina.— There h3s been rain on five
good rain is badly needed. The plart is shedding in some
places. Picking is under way in portions of South and South days of the week, the rainfall reaching two inches and sixty
west Texas. There has been only a trace of rain during the hundredths. The thermometer has averaged 73 3, the highest
being 87 and the lowest 67.
week. Average thermomiter 84, higheet 88 and lowest 80.
Greenwood, South Carolina.— The week's rainfall has been
Palestine, Texas.— We have hadligtt rain on one day of two
inches and nin. ty-seven hundredth*, on three days. The
the past week, the rainfall reaching fojrteen hur dredths of
an inch, but more rain is badly needed. The thermometer thermometer has averaged 78. ranging from 69 to 87.
W ilson, North Carolina.— It has rained on three davs of
has averaged S'!, the highest being 98 and the lowest 73.
Huntsville, Texas.— It has rained on one day of the week, the week, to the extent of one inch and fi'ty-six hundredths.
the precipitation being thirty hundredths of an inch. The The thermometer has ranged from 73 to 90, averaging 81.
The following statement we have also received by telegraph,
thermomi ter has averaged 87, ranging from 75 to 99.
the height of the rivers at the points named at
Dallas, Texas.—Rain has fallen on one day of the week to showing
the extett of fi ty hundredths of an inch. The rain was 3 o’clock July 23, 1897, and July 33, 1896.
beneficial to cotton, but more would improve the crop. The
July 22, '97. July 23, '96.
thermomi ter has ranged from 72 to 99. averaging 88.
Fret.
Feet.
San Antonio, Texas.—Drought is seriously affecting octton. New Orleans.......
6*3
5-4
There has been no rain duriog the we* k. Average thermom Memphis.............
11-4
17 2
Nashville.............
1
17
26 6
eter 85, highest 98 and lowest 72.
29
*0 6
Luling, Texas.— Cotton is needing a good general rain. Shreveport..........
Vicksburg............
200
19-8
Dry weather has prevailed all the week. The thermomi ter
■Below zero of gauge.
has averaged “8, the highest being 99 and the lowest 74.
J c t e B g t t s , B a ik h n u , E t c .— The marki t for j u t s bagging
Columbia, Texas.— It has rained on two days of the we. k,
the precipitation reaching fourteen hundredths of an inch. has been more active the part week, but pric«s have under
Cotton is shedding blooms and forms and is being ma gone no change. The qu-tstions this evening are 5l£e. for
terially injured by dry wenther. The thermometer has l j f lbs., 5,?%c. for 2 lbB. and (Mfc. for itin d ird grades. Carlo*d liti of itandard brands are q u tts d t t 5l£o. for l 3/ lbs.,
averaged 88, ranging from 78 to 93.
Cuero, Texas.— Ci tton is suffering from drought and •Vr#c'. for 2 Ibe. and 6 3£c. for 2 1# lbs. f . o. t>. a t N ew York.
worms in many fields. There has been no rain daring the Jute butts have been in faiily good demand at 1‘03c. for
week. The thermometer has ranged from 73 to 98, averag paper qual ty, l ‘25c. for mixing and l^ c . for bagging, all t3
arrive.
ing 88.
Brenham, Texas.— There has been rain on one day of the India C o t t o n M o v e m e n t F rom a l l P o r t s .— The receipts
week, the precipitation reaching twelve hundredths of an and shipments of cotton at Bombay have been as follows for
inch. Average thermometer 87, highest 101 and lowest 73.
Houston, Texas.—Cotton has been benefited by the show- the week and year, bringing the figures down to July 33.
sownat ascKiera and shipmsnts for four trass .
era which have fallen on three days of the week, the rainfall
beh g seventy-five hundredths of an itch. The thermometer
Shipments this week. Shipments sines Sept. 1.
Receipts.
has averageu 84, the highest being 68 and the lowest 73.
Great j ContiTear Crtal Conti
This
Sines
Fort (V> rth, Texas.—Telegram cot received.
Total. Week. Sspt. 1.
BnCn nsnl. Total. Britain nent.
Weatherford, Texas.—Rain has fallen on one day of the
past week, to the extent of five hundredths of an inch. The ■»a-7 ***••' 1.000 1,000 30.000 536,000 566.000 14.000 1.570.000
6.000 6,000 71.000 714,000 785.000 12.000 2.107.000
thermometer has ranged from 89 to a hundred, averaging 84. ‘'95-6
4.000 4.000 26.000; 513,000 539.000 0,000 1.-190,000
*4-8
New Orleans, Louisiana.— Rain has fallen on six days t f the •93-4
6.000 6.000 47.000 750,000 797.000 8,000 l,7b7,OCO
week, to tre extent of three inches and thirty-eight hun
Shipments f o r the week.
Shipments since Sept. 1.
dredths. Average thermometer 82.
Shreveport, Louisiana.—There has leeo rain on two days of
Great
Conti
Great
Total.
Total.
Britain. nent.
Britain. Continent.
the week, the precipitation reaching one itoh and six hun
dredths. The thermometer has averaged 84, the highest being Calcutta—
96 aed the low. s’ 68.
1696-97...
1,000
1,000
7.000
69.000
70.000
2,000
2.000
11,000
Columbus, Mississippi.—Crop prospects have greatlv im 1895-96...
83.000
94.000
proved. It has rained on five days of the week, the rainfall Madras—
ie»6-97...
8.000
16.000
24.000
reaching six inches and sevi nty three hundredths. The ther
1895- 96...
10,000
9,000
19.000
mometer has averaged 82, ranging from65 to 1(4.
All other*—
1896- 07...
4.000
4.000
28,000
112,000
140.000
Leland, Mississippi.— There has been good rain during the 189506...
2.000
2.000
19,000
92.000
111.000
•.......
week, to the exteLt of two inches and seven hundredths. The
thermometi r has ranged from 87 to 91, sverngirg 791.
Total a ll1896-97..
1,000
4.000
5.000
43.000
240, OC0
Vicksburg, Mississippi.— Telegram not received.
197.000
4.000
4.000
40.000
184.000
224,00 b
Little Rock, Arkansas.— There has been rain on four dsvs 1895-98...
■ XPORTS TO BUKOPB PROW AL HfDlA.
during the putt «e*k, t - tbeexteLt of ninety-eight hundn dths of an inch. The thermometer has averaged 30, the
1896 97.
1895-96
1894-95.
highe.t being 94 and the loweet 69.
Shipments
lt Europe
Helena, Arkansas.—eCrop* have grertly improved. We to afrom
This
Since
This
This
Since
Bin.
—
Srpl. 1.
isssk.
week.
week.
Sept. 1.
8spt. i
have hail rain on three dsys during the week, the precipit a
tion reaching one loch and sixty-nine hundredths. Ths Bombay.........
1.000 506.000
6,000 785.000
4.000 539.000
thermomet* r has av* raged 75, ranging from 85 to 87.
411 other ports
5,000 210.000
4,000 224.000
5.000 183.000
Memphis, Tennessee.— Beneficial rains have fallen on two
Total
..
6.000
808.000
!
10,000
9.000
1,009,000
702.000
days of th- week, the rainfall being one inch and eigl trfour hundredths. Rain was general and the crop condition
A lexan d r ia R eceipts and S hipments . — Through arrange
is tnat-riallv improved. The plart, although b te, is growing ments we have made with Messrs. Davies, Benachi & Co., of
fa-1. The thermometer has ranged from 83-6 to 92-7, aver Liverpool and Alexandria, we now receive a weekly cable cf
aging 78-4.
movements of cotton at Alexandria, Egypt. The following
Nashville, Tennessee,— We have had rain during the wee k, the
are the receipts and shipments for the past week and for the
to the extent of two incbis and two hundredth*. Average corresponding
week of the previous two years.
therm, meter 79. highest 91 and lowest 65.
Mobile, Alabama.—Crop reports are very favorab'e. It has Alestandria. Egypt.
1895-96.
1894-95.
1896-97.
July 21.
rained on two days of the week, the rainfall being one inch
and thirty-two hundredths. There have been good rains in Receipts (oan taro___
most sections. The thermometer has averaged 81, the high
This wwk........ .........
2,000
Since Sept. 1............
5,785,000
est being 90 and the lowest 73.
4,538,000
5,205,000
Montgomery, Alabama.— Rain has fallen on four days of
Since
Sines
Sines
This
This
This
week. Sept. 1. week. Sept. 1. week.. Sept. 1.
the week, the rainfall being thirty-eight hundredths of an
inch. The thermometer has averaged 83, ranging from 73 Exports (bales)—
to 92.
To Liverpool
328.000
1,000 332.000
1,000 273.000
Selma, Alabama.—The crop continues to improve. Rn*t To Continent!.'____ 5,000 386.000 1,000 329.000
343.000
has appeared over a limited area. Rain has fallen on four
Total Bnropo.
1,000
616.000
2,000
661,000
5.000
714,000
days of the week, the rainfall being one inch and eight hun
* AoantarU !H p o u n d * .
dredths. The thermometer ha* ranged from 69 to 94, aver
I Of which to emeries In 1996-97, 53,270 bales; In 1895-96, 53,4 2r
aging 63.
bale#! ■ 1894-95, 43,200 bales.
THE CHRONICLE.
1K2
M a n c h e s t e r M a r k e t .— Our report received b y ca b le
to night from M anchester states that the m arket is dull for
yarns and steady for shirtings, in consequence of A m erican
news. H e give the prices for to-d ay below and leave those
ff r previous weeks of this and last year for co m parison._____
1896.
1897.
8*4 lbs. Skirt Oott’ v
I8H lbs. 8hirt\Oott'n
32» Oop. |ings, common Mid. 32* Oop. ings, common Mid
Uptfi
to finest.
Twist.
to finest. |TJplds Twist.
,
d. |«.
J’e 18 6H ®73s '4
•• 25|0S16 ®7% ;4
July 2 8%
4
•• 916% ®7% 4
•• 16
®73a 4
*< 23ia7i« »77 i,'|4
d. s.
1 36
11J36
.l ^ a e
lia * 6
2 ®6
2 ®6
d.
d.
6»4 3714
4% 63i«37ls
^7*0
4732
4’ aa
4»3a
4,1*
d.
d.
7
4is
7
7%
7*2.
713
7ia!
s.
4
4
4
4
4
4
d.
4
4
4
4
3
3
s.
®6
®6
«6
®6
®6
d
d.
VS 8^3
8%
8^
8>a
7
7
329.1V
4
4
327>2
3253a
S ea 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 (July 23} and since
Sept. 1, 1896, the stocks to-night, and the same items for the
corresponding periods o f 1895-96, are as fo llo w s .___________
1896-97.
Receipts to July 23.
1895-96.
Stock
Since
This
Since
This
1896
week. Sept. 1. week. Sept. 1. 1897.
9
Charleston, «fco.................
Florida. <fco.......................
....
83,880
10,397
6,733
9 101.010
Total............................
4
....
4
77,190
10,556
4,783
7,117
1,017
114
2,292
549
491
92,529
8,248
3,332
The experts for the week ending this evening reach a total
of 150 bales, of which 150 bales were to Great Britain, —
to France and — to Reval, and the amount forwarded
to Northern mills has been 40 bales. Below are the exports
for the week and since September 1 in 1896-97 and 1895-96.
Exjjorts
frono—
Week Ending July 23. Since Sept. 1, 1896. North’n Mil s.
Sine
Oreat Fr’nce
Oreat Fr’ nce
Total. Week. Sept. 7
BriVn. Ac. Total. BriVn. Ac.
S’vami’h, <feo
Chari’t’n.&c
Florida, <feo.
New York..
150
Boston........
Phila., Ac... ........
Total........
150
........
15,023
2,933
3,176 18,204
2,933
150 li,7 3 9
13,640
3,827
7,365 19,104
13.840
102 3.929
150 47,307 10,643 58,010
42,260
Total 1895-6
E x c h a n g e s .—
d u r in g th e w e e k :
f o l l o wi ng
*02 pd. to exoh. 200 Deo. for Oot.
•16 pd. to excli. loO Oct. for Sept.
*04 pd. to exch. 600 Aug. for July.
*05 pd. to exch. 1.000 Nov. for Jan.
*02 pd. to exoh. 100 Nov. for Deo.
Even 1,000 Oct. for Jan.
•03 pd. to exoh. 400 Aug. for July.
7,242 49,502
exchanges
have
40 29,133
2,158
6,733
....
.......
....
40 33,024
10 40,080
been
ma
e
1*17 pd. to exch. 800 Sept, for Aug •
-05 pd. to exoh. 200 Aug. for JulyI “29 pd. to exoh. 20o Oet. for Aug.
I 14 pd. to exch. 500 Oct. for Sept.
|- 16 pd. to exch. 1,50 *Sept.for Aug.
I '03 pd. to exoh. 200 Dec. for Jau.
|-05 pd. to exoh. 100 Dec. for Oct.
G o v e r n m e n t W e e k l y C o t t o n R e p o r t . — Mr. W. L. Moore,
Chief of the Weather Bureau of the Agricultural Department,
made public on Tuesday the following telegraphic reports on
the crop in the Southern States for the week ending July 19 :
Virginia . —Abundant and Quite general rains with seasonable tem
peratures have given a deolied impetus to crop growth; cotton im
proved.
N orth Carolina .—Exoeptlng drought over tive.oounties, week was
very favorable, with flit© rains and suilieieut sunshine, causing marked
progress in all crops; nights a little too cool; ojtton growing vigor
ously and boiling well
South Car o lin a —Weather generally. favorable, except some sec
tions too dry, others too wet; cotton well fruited, but deve.iopiog rust,
becoming lousy, shedding squares and bolls, aud a >me fields grassy ;
nevertheless present condition promi ing,
G eorgia.—All growing crops doing well, but rain needed in central
counlies; cotton doing nicely; cotton small, but fruiting, some rust
and lice.
F lorida.—Moderate temperature, with very satisfactory distribu
tion of moisture, characterized week, invigorating cotton; cotton fruit
ing well.
A labama .—Temperature deficient and rainfall unevenly distributed,
bui general over north portion; hail an 1 wiud sto-ms damaging in
Walker, Lawrence and Jackson counties; lioe and rust apoeanugon
cotton, which is generally nuking fine growth aud fruiting heavily.
Mississippi. Weath-r favorable for all crops over greater part of
State; cotton doing fairly well aud full average crop expected in ma iv
sections.
Louimana .—Cotton continues grow ng rapidly and fruitiug well;
more rain needed over portions of northern and southwestern 3 etions.
T e x a s . — Cotton improved by ge oral showers over northeast por
tion and scattered showers in localities over other portious. but rain
fall Insufficient and general rain needed; plant continues fruiting gen
erally, but is shedding badly in localities over central and southern
portions; in southw st portion bolls are opening rapidly and picking
progressing.
A rkansas. -Cool weather, with the general rain* of 18th and 19th,
greatly benefited all crops; ootiou had shed some on upi 1 ds. bu> the
bottom-land crop was uninjured, and there is now sufficient moisture
for present needs.
T ennessee.—Good rains except in southern por ion of western sec
tion. where drought continues serious, greatly improvediorop conditions
and prospects more encouraging; cotton growing and fruiting well.
O klahoma .— ight rains Saturday and 8undav and hot winds
v\edneaday afternoon did some damage to corn; all orops improved
since rains ; etton tine.
Missouri.—Cotton suffering from drought in places.
fV o L . L X V .
S t a t e W e e k l y C o t t o n R e p o r t s . —We give below sum
maries of the reports for the week ending July 19 issued by
the various States under the au*picus of the Weather Bureau
of the United States Department of Agriculture, so far as
they apply to cotton.
V irginia .—The past week has been one of excellent crop growth.
Abundant and quire general rain*, combined with seasonable tempera
tures, have produced an improvement; cotton is well worked.
North Carolina . —The week has been one of tbe most favorable of
the season. Fiue showers occurred on several days, which w^re
nearly general over the Stat-% only five or six counties still suffering
from drought. All crops have improved Cotton is very vigorous and
tbeonly complaint is that it is somewhat smaller than the average.
8oijth Carolina .—The condition of cotton has improved iu many
places, but the stalk generally continues undersized although well
fruited, with full-grown bolls numerous. Bolls nearly ready to o >eu in
southeastern counties. The prevailing unseasonably cool nights
hindered the growth, and caused the plant to become lousy, while
“ honey-dew ’ is reported from a > umber .of counties. Sh elding of
leaves, squares and small bolls is quite common Rust has developed
In Barnwell, Bamberg, Florence and Williamsburg counties. Over
quite lasge arras there has been too much rain for cotton. Laying by
is well uuder way hikI more than half the reports indicate that the
fields “ laid by ” are clean and in good condition. Notwithstanding
the numerous adverse reports from eastern aud oentral c nmties, the
majority of all tep rts indicate that the present conditio 1 of the crop
is promising, but that it is in a critical stage A continuation of rainy
weath-T will, by liindeiing cultiv ation, of which many fields stand in
need, tend to cans1? deterioration in conditiou. Sea Island cotton con
tinues to do well.
G e o r g i a . — All growing crops doing well, but rain needed in ( entral
counties. Com and cotton doing well. Cotton small but rru ting
some rust aud lice.
F lorida .—Moderate temperature, with very satisfactory distribu
tion of rnoistu e characterized the week, iuvigorating cotton. Cotton
fruitiug well.
A labama .—D uring the week the temperature averaged from two to
four decrees below the normal and the r*iural] w is badlv distributed,
being quite general over the northern half of the St .te, while in the
southern counties ir was partial, some aecdous receiving none at all,
while other places report tbe fall excessive. Cotton ha* continued to
improve during tbe week and is taking on bolls rapidly and is making
fioe weed, though reports indicate slight injury from cool nights first
0/ week, and lice and tust are reported in soattered counties of the
southwestern and southeastern sections, bur are not as yet serious ex
cept In Chambers County, the correspondent there reporting them
spreading rapidly; army worms have appeared in large numbers iu
portions of Mobile County.
Mississippi—Weather favorably for all orops over greater portion
of State during past week. Cotton doing fairly well and full average
crop expected in many sections. More general rains needed.
Louisiana .—The rains of tbe w> ek fell during the last two days and
were generally light and less thin required by the growing crops, ex
cepting alone along the river parishes in northeast portion and iu lo
calities iu extreme southeast portion, where falls of an inch or more
occurred. Cot'on is growiug rapidly and continues fruiting well, and
even in the dry portions of ihe State the crop is favorably reported.
There is but little complaint of insect pests affecting the c^op, aud it
will probably be laid by clean aud in good condition. There is but
little shedding reported—not more than might be expected of heavily
fruited plants.
T exas. —The showers with local rain3 in places over North Texas
were very beneficial to farming interests, but the drouth still prevails
over the southern and central portions of the State, where agricultural
interests are .-uttering for rain The drouth over southern and cen
tral portions of the State is injuring cotton and it is reported that
the pl*nt is shedding leaves, forms and squares, aod some state that
The crop is badly damaged. The crop will be greatly improved
by the showers and local rains in places over the northern por
tion of the State, but taking the 8tate as a whole the bulk, or it
might safely be said that two-thirds, of the crop is still needing rain, as
there was no rainfall for the week over more than half the sou'hern
p rtion of the State. The cr p is doing fairly well considering the
conditions, but some few correspondents report that the plant has
stopped growing and commenced blooming at the top of the stilk
while others report that the plant is growing nicely. The dry and hot
weather is causing early cotton to open rauidU over the southern p >rtion or the Stite and some picking is being done. A geueral rain
over 1he southern and central portions of the State is badly needed
and would be of great benefit to cotton.
A rkansas.—The temperature during the week has averaged 2*7 de
grees per day below the normal, while -25 inch more raiu than the
average for the week has fallen. This cool, cloudy weithei, with oc
casional rains, has been very favorable for all orops As the greater
part of the rain fell on the 18th and 19th full reports of improvement
in crop conditions a -uld not be obtained for this bulleiiu. The rain
came in good time for ootton. which was b- giuniug to deteriorate on
the uplands, whuein the bottom lauds it had held its own. Euough
rain fell iu all sections of the State for ilie preseut needs of cotton,
which is doing fairly well.
Tennessee —G »od rains, except in south -rn portion of western sec
tion, where drought continues serious, greatly improved crop condi
tions, aud prospects are more encouraging. Ootton growiug and
fruiting well.
M issouri.—Cotton is suffering from drought in Ozark and portions
of Dunklin County, but is doiug nicely iu Stoddard and New Madrid.
Oklahoma and I ndian Territory . —Cotton has continued to im
prove rapidly and is now in about n >rmal condition for this season of
the year; the latest planted is branching, squaring and blooming.
Sh ip p in g N e w s .— T he exports o f co tto n fro m th e U nited
States the past w eek , as per latest m a il returns, have reach d
20,287 bales.
Total oaten.
N ew Y ork —To Hull, per steamer Hindoo, 636.. . . . .....................
t36
To Manchester, per steamer Btela, 27 up.and and 150 Sea
Island.........— ................... .............................................................
177
'T'o Leith, per steamer Critic, 6 0 5 ................................................
605
To LoDdor, per steamer Idaho, 317 ................................ ...........
317
lo Havre, per steamer La Normandie, 1 ............. ...............
1
To Brem in, per steamer Ba baruasa, 3 6 6 ..........................
366
To Hamburg, per steamer Pennsylvania, 7 7 9 ......................
779
To Antwerp, per steamers Berlin, 218 ..Biitlsh Queen, 16
234
To Barcelona, per steamer Manila. 5 .72 1 ........................ ........ 5,7‘21
To Malaga, per steamer Manila, l,50d .....................................
1,500
'10 Martinique, p *r steamer Madiana, 2 ............ . ................
2
N ew urj.' i a To Liverpool, per sieainors Legislatur, 2 , log
___Traveller, l , «0u................... .............. ......................
4,000
To Barcelona, per steamer J Jover Serra, 1 ,3 0 1 ...................
l ,301
Ga vbston -J Hamburg, per steamer Polaria. l,8 6 o ________
1,860
N
dhf »lk —To Hamburg, per steamer Gleuveoh, l o l ..... ...........
101.
The Department summarizes these reports as follows:
B oston - To Liverpool, per steamers Armenian, 522 upland and
A generul i\
14 Sea l8laud....Cambroman, 7 . . . . .......................................
543
rement in the condition of cotton is reported from
the central ai
item portions of the cotton belt, and also from porTo Yarmouth, per steamer Boston. 199....................................
199
tioua of the ■>
12
rn section. Receut raius in Arkansas and North- Baltimore—To Liverpool, per steamer Ikbal, 12.. . . ..................
eastern Tex a
To Bremen, p> r steamer Dresden, 1,809
............
.......
1,809
improved the crop, but over the greater part, of
Jexas rain is
P
hiladelphia
—
To
Liverpool,
per
steamer
Belgenland,
124___
124
.. *.n
last-named State the plant continues
fruiting gene
but is shedding badly in localities iu central and
southern por
Picking continues iu Southwest Texas.
Total....... —_____ __________ __________________ _____________ 20,287
J u l y 24
THE CHRONICLE.
i> «7 .j
Cotton freights at New York the past week have been
as follows.
Batur.
Mon.
Wtdncs. Thurt.
T un.
Frt
121
12t
121
121
Liverpool, asked, d.
121
121
211
211
211
211
21i
Havre.................. e.
211
211
21*
211
211
211
211
Bremen.............. d.
241
24!
241
241
241
Hamburg..........d .
241
251
251
251
251
25!
Amsterdam........ e.
251
36)
36*
36!
361
361
36i
Beval, v. Hamb..d.
33!
331
331
33!
331
Do v. HuJl.-.d.
331
....
....
....
....
Barcelona.......... d.
221
22t
221
22!
221
221
Senoa................ d.
Trieste................d. 29 ®30t 290301 29 0301 28 9301 28930! 23930!
>«
%
%
%
Antwerp.............d.
%
Ghent.v.Antw'p.d.
6SS
6s*
“as
5SJ
5n
6S*
163
eign advices came slightly weaker, and tie y prompted some
selling. Tc-dav the market was again lower under free real
izing sales by longs, prompted by weaker advices from the
Continent and predictions of a heavy movement of the crop at
the West, closing at a decline of 3ljJo. for July and l% o. for
ether months. To-day the spot market was fairly active at
the decline, the sales including No. 3 red winter for late
August shipment at 2}^3. over September f. o. b. afloat. No.
2 bard winter do l^ c . over September f. o. b. afloat, and No.
1 Northern New York at 8c. over September f. o. b, afloat.
DAILY CL081NQ PRICES OF
Sat.
82%
c. 76*4
76%
,c. 77%
.0. 773*
NO. 2 RED WINTER WHEAT.
Mon.
Wed. Thun.
Tues.
82%
86*4
84*4
85*4
78%
76%
79?q
78%
77^8
80%
79
78%
78%
79%
80%
79%
78
81
79=s
Fri.
82*9
77%
77%
There has been only a limited amount of activity to the
tradmg in the market for Indian corn futures, but early in the
L iverpool . —By cable from Liverpool we have the follow week prices advanced in sympathy with the rise in the wheat
market. Subsequently, however, there was increased pres
ing statement of the week's sales, stocks, &c., at that port.
sure to sell, induced by favorable crop account*, and part of
the improvement was lort. The close was quiet but steady.
July 9.
July 16. July 23.
July 2.
In the spct market there bas been a fair amount |of business
55.000
66.000
62,000
60,000 transacted, and prices have advanced. The close was steady,
Sales of the week..........bale*
2,200
4.100
8.300
6,600
Of which exporters took . ..
1.000
900
900
600 and the sales included No. 2 mixed at 31JgC. in elevator and
Of which speculator* took.
54.000
48.000
59.000
54.000 32?i@333-*c. f.o.b. afloat.
Sales American................... .
17.000
57.000
944.000
810.000
18.000
11,000
32.000
20.000
Actual export.........................
Forwarded...............................
Total stock—Estimate*!.........
Total Import of the week. ...
Of which American...
Amount afloat...............
Of which American...
15.000
58.000
886.000
757.000
15.000
7,000
24.000
15.000
12.000
58.000
834.000
705.000
16.000
6,000
18,000
12.000
11.000
53,0*10
774.000
653.000
5.000
2.000
21,000
14.000
The tone of the Liverpool market for .spots and futures
each day of the week ending July 23 and the daily closing
Spot.
Sat*day.
ThuraVy Friday.
Monday. Tuesday.
Firm.
Freely
offered.
Quiet.
Fair
Fair
bu«tnaaa buataroe
doing.
doing.
MI.1. Upl’ds.
V *
Bales...........
Spec. A exp.
6,000
4*4
10,000
1,000
4’ jj
8.000
4*4
10,000
1,000
Market, <
1:45 p. X. (
l.OCO
l,uoo
Futures.
at Ee»y at Quiet at Quiet at
Market, i steady
l 41 a>1v.
1 rntitn-m
64
1:45 P. M.\ advance. decline. a decitae. partially
Market, 1 Quiet and
4. P. M. ( *traily.
Quiet.
Bloody.
Quiet.
4%
lo.ooo
l.ooo
Quiet.
Fair
bU-lUCM
doing.
4*4
10.000
1,000
Quiet at
1-64 adranee.
Quiet and Steady.
■toady.
The prices of futures at Liverpool f >r each day are given
Prices are on the basts o f L'pianls, Low Mid lling
unless otherwise stated.
below .
clause,
July 17 to
July 23.
July...........
July-Atik*__
Attg.-ttept.
Bept-Oct. .
O ct-Sor...
Kor.-Deo...
Deo.-Jan...
Jan.-Feb...
Feb.-Mch...
Mch.-April
April-May.
May-J un* .
Hal.
Vlon,
T in ’ ll,
w ed.
F rl.
T h u rs,
124 1 1:45 4 1:45 4 1:45 4 11:43 4 1:45 4
T.M. r. M i\ m. p. ji r.M. r.M. I*. M. »\ M. r.n. r.M. r.M. r.M.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d
d.
DAILY CLOSING PRICKS OF NO. 2 MIXED CORN.
Sat.
lion. Tues.
Wtd. Thurs.
31%
31
31%
July delivery..............
August delivery.........
September delivery.. ..c.
31 ?«
31%
32 *
31*>
31^
31?*
81*n
31%
32
31%
32
F ri.
315*
31%
31?g
Oat* for future dtlivery have continued dull, and despite
the upward turn to other grains tbe mark*t has weakened
sightly, price* selling off a fraction under fairly free offer
ings, prompted by toe favorable crop prospects. To-iay the
market was quiet but st“ady. In the spot market a fair vol
ume of business has been transact ed, but xt slightly easier
prices, closing fairly active and st >ady. with salsa of No. 2
mixed at 217£c, in elevator and No. 2 whits at 25c. in ele
vator.
DAILT CLOSING PRICES OF NO. 2 MIXED OUTS.
Sat.
itoi i. r u n .
Wtd.
Thurt.
Fri
July delivery...................c. 2 1 *
31*
31%
21?*
21%
21%
September deli very...... o. 22
21?s 21?* 21?*
21% 21%
Rye and barley have been in fairly brisk demand for export
at higher prices.
Tbe following are closing quotations:
n o or.
Patent, Winter...... $4 25 3 4 65
Fine..............................*2253 2 85
City mills, extras 4 70 34 80
Buperfloe..................... 240* 3 PO
Extra. So, 2 ............... v7-'.*:i 3.0
Kye flour, suporflne 2 00 9 2 40
Extra, Xo. I .......... 3 15 * 3 85
Buckwheat flour............. 9 . . . .
Cleat*..................„ 3 30 *3 no
Corn meal—
Straight*..................... 385» 4 20
Western, etc____ 150 9 1 80
Patent, Spring....... 4 00 » 4 00 . B'andy wine
1 85
(Wheat "flour In seek* »ell» a’, price* below those for barrel*.]
GRAIN.
Wheat-
c.
o.
Spmir. per bush ..... 7 8 3 8 5 %
Red Winter, No 2 . . . 82 * 8 3 %
Bed Winter................... 75 3 8 J
Northern. No 1 ..........
85 %
Oats—Mixed, prr bush ,21% S23%
Whit- ........................... 24 93d
Corn, per bush—
o.
c.
Western mixed..............31 334
No, 2 mixed ............ 31?g»83%
Western Yellow............32 335
Western White............. 32 334%
Rye—
Western, per bush ...3 8 342
State aud Jersey.......... 40 342
Barley—Western............42 345
4 15 4 14 1 11 4 10 4 09 4 10 1 11 4 1(1 4 11 4 11 4 11 4 12
'414 4 13 41 Oj 4 09 4 **8 4 10 1 09 4 <19 4 10 &10 4 10 I 11
No. 2 mixed. ........... 21?s#2J?e
4 10 4 10 4 Oo 4 05 4 01 4 03 4 03 i 05 4 06 4 03 t 00 l 00
No. 2 white....................25 326
Ml* * 0 * i 00 3 63 3 6 1 1 02 1 62 3 62 3 63 3 62 3 62 3 63
Feeding..................... 29 333%
3 83 3 63 3 53 3 57 3 56 3 57 3 57 3 Be-1 57 3 56 3 57 3 57
3 60 3 00 3 55 3 3 5 3 51 3 55 3 54 3 54 3 54 3 54 3 54 3 55
The
movement
o
f
breadstnils
to
market ss indicated in the
3 59 3 51! * 54 3 53 3 52 3 53 3 53 3 52 1 53 3 63 3 53 3 53
3 59 3 59 3 £4 3 .33 3 51 3 53 3 53 1 52 3 52 3 53 3 53 3 54 statements below i* prepared by us from the figures of the
3 39 3 59 3 54 3 54 3 5.3 3 5 i 3 54:3 53 3 53 3 .53 i 53 3 54 New York Produce Exchange. The receipts at Western lake
3 60 3 81 3 53 3 55 3 53 3 53 3 34 3 54 3 .54 3 54 3 54 3 54 and river ports for the we*-k ending July 17, and since Aug.
3 61 3 82 3 57 3 55 3 54 3 55 3 55 3 51 3 55 3 54 3 54 3 55 1, for each of the last throe years, have been as follow s:
BREADSTUFFS.
F r i d a y , July 2 3 ,1 8 9 7 .
There has been a firm market for wheat flour, and prices
have been advanced in sympathy with the rise in the prices
for the grain. The higher prices, however, have had a ten
dency to restrict business, as the home trade has limited its
purchases almost exclusively t> its immediat ? needs The
export trade has been a moderate buyer, and Included in it*
purchases were 20,000 sacks new wheat flour for shipmeot
to Switzerland. City mills have been firmer. Rye flour has
had a bett >r sale and prices have advanced slightly. Corn
meal has had a fairly good call, and the business transacted
has been at st -ady prices.
Tbe speculation in the market for wheat futures has been
active, altendtd at times with rome excitement, and prices
have scored a sharp, further advance. The feature of the
market has been exceptionally large purchases of wheat for
expott as a consequence of the unfavorable prospects for the
growing crop* of Europe, indications being that their yield
will be sboit Saturday and Monday there were fractional
advances in pricrs in response to stronger foreign advices.
Tuesday there was a decidedly stronger turn to the market
and prices advanced 1 'i i I,‘ j , c. on report! of large export
purchases of wheat, togtther with stronger foreign advices
and unfavorable, crop advices from Eastern Europe.
Wednesday there was some excitement t i the trading and
prices further advanced ll£(33c. on further large ex
port purchases, stronger foreign advices and unfavorable crop
advices both from the West and abroad. Thursday there
was an easier turn t> the market and prices reacted l@ ljg 0,
under realizing sales by bcth local and foreign longs. For
lUtHpi. a t -
Flour.
Wheat. | Om.
Oafa.
Barley.
Rye.
tlbU 19*15# noth BOthe Biuh.MU>$ Uush.tWu Bush.lSlbs itu.«) u».
Chicago .....
60.111 2.101.220 1,7*3/31
76.050
111,122
4*.00O
vj.ms
is.ooo
161,000
79.200
16,776
Milwaukee
ai.to'i
3*0.65*
.........
800,003
87,929
60,620
106,570
Minneapolis
Toledo........
Detroit.....
Cleveland ,..
8t. Louie .
Peoria........
Kaueaa City.
Tot wk.%*.
Hame wfc.'lM.
Home wk.*96.
Since A uq. \.
1306-07.......
1895-06,___
tail-OS........
607,860
SIS.SIO
#,Sl<
30/12
01.Odd
3.000
706
18,103
17,978
27/84
22.840
*.445
10/60
1,500
267.944'
88.355
108.105
6.60>j
103.050
227,550
209.070,
8I.U0C
61,000
237,385
210.760 1,972.509 2/00.973 3,720.846
156.884
236/59 3.793.590 1.757.710 2,307,512
25,319
171,479 1,819,082
890.103 1,480,292
1
38,082,381
100.031/20
150,732.784
173.587/31
11.M&2I1
I0.74S.3I6 2IS,*1=2,2II llfc.lW.Oil> 111*.141,667 89,205,547
11.747.917 114.222,' 34 79.104/16 \n.n9,7n 81,331,066
4,171
1.858
4,90'
7m
13,92=
6.85©
2,823
7(0
The receipts of flour and grain at the seaboard ports for the
week ended July 17, 1897, follows :
flour.
H'CHyt* «t —
bbh.
New York . .
.... lo 2 /7 6
Boston................
M ontreal........... .. .. 30.040
Philadelphia__ .. .. 56.424
Baltim ore......... . . ..
2 0 / >5
Klrhntond.........
New Orleans*..,
5,076
Norfolk ...........
Newport New* .*.VV, ” *6.000
IThea’y
bush.
615.825
4S.7S-’
133.240
HA.7-M
481/10
ii.» :2
46,7*1
C>m,
hush.
Oats,
hush.
707,225 1.0MM.600
200,24 7
160/20
226,005
2 5 7 ,3 /
401.632
171.206
112.983
388,68*
25,7-8
23.60't
25/76
61.180
121,403
T*ii*i w e e ,..
1.3d*. 4*2 2.131.036 1,1(0,090
Week 1*90..
. . .. 31 *1.637 1,783,721 1,191,18.5 1,035.4:10
Bsirlcu.
bush.
141/75
740
02*J
nut.
hush.
168,760
* 18,312
” 2.702
142.74 i"
1:11.376
174.961
18,708
*R«e«ipta d» not Include (train pawing through New Orleans for forplgn
porta on through bills of lading.
THE CHRONICLE
164
[V o l . L X Y
Total receipts at ports from J a n .1 to July 17 oompare as upplementary business in fall dress goods has been fair, with
prices well maintained.
follows for four years :
1895.
1894.
18 >0.
D o m estic C o tton G o o d s — The exports of cotton goods
Receipts of—
1897.
8,344,905
10.449,154
7,103,370
Flour. ...................bbls. 8.718.011
from this port for the week ending July 19 were 8,817
19,098,607
10,195.710
25,087.876
Wheat................ ..bush- 23.030,249
30/40.811 packages, valued at $336,3)7, their destination being to the
21/72,729
41,025.003
Corn...................... M 101.576.609
18,925,094 points specified in the tables below:
20.572,037
34,574.451
40.407.959
Oat* ..................
Barley................. .
Rye.....................
Total gram... .
"
*'
0,602.*'33
4,542,002
4,351,312
1,353,276
1,421,149
177,387
1,604,669
167,598
“
176.909,442
107.802,007
50,939.012
70,443,509
1897.
1896.
Week. Since Jan. 1.
Week. Since Jan. 1
13
53
7,236
260
2,895
2,163
79,718
4,157
16,049
12,298
8,038
1,823
4,610
28,116
2,706
584
6
1,282
161,573
12,300
2,776
173,873
Total............................ 8,817
* From New England millpoints direot
2,776
N e w Y ork to J u l y 19.
The exports from the several seaboard ports for the week Great Britain........................
ending July 17, 1897, are shown in the annexed statement:
Other European....................
W heat,
E xp orts fro m — bush
212.237
New York ..
B oston ... ....... 125,952 P o r tla n d .........
16.665
Philadelphia..
B altim ore. ...
2 433
Now Orleans.
Norfolk— ::.
Corn,
huxh
791,493
220,470
100,284
650.103
199.881
121,495
Newp’rt News .....................
M on treal.........
290,476
361.400
T otal w ’k ... €47,663 2.457,216
6a m e tim e '90.1,304,348 1,€80,857
Hour
bbls.
Oats
touh
Rye,
bush
107,264 1,079,295
14.732
04,669
11.9ns
45,80S
2,634
6.000
18.070
74,249
............
40,0 )0
8,990
Pins,
bush.
10.619
810
Barley
bush.
102,719
............
21.847
77,081
115,Ci5
220.818
205,916 1.419.771
250,965 1,598,8 05
176,226
130,279
127.121
79,550
102,719
............
The destination of these exports for the week and since
September 1, 1896, is as below.
,--- 1 lour.--------------. .--------- W h eat.--------- . ,----------r-C om .---------- *
China___________ ________ _
Inilla. .....................................
Arabia................................. .
Afrloa............... ......................
West Indies.............. .
M exloo................. ............
Central Amerioa............... . . .
South A m erica................... .
Other Countries....................
Total.................................
China, via Vanoouver*...
....
86
286
15
291
365
213
8,817
....
43
65
70
236
465
25
....
1,957
1,877
64,760
3,509
12,511
11,155
6,755
1,714
5,048
26,920
2,137
138,343
18,570
156,913
The value of the New York exports for the year to date has
been $6,288,071 in 1897 against $6,140,755 in 1896.
There has been some improvement in the demand for
heavy brown goods for export, with an occasional fair-siz ;d
transaction reported at firm prices. Home buyers are still
purchasing indifferently in all weights of sheetings and drills,
with sellers reserved on forward business, particularly in
T o t a l .................. 205.910 10,724.173 017.008 53.680,915 2,457,210 156.183,359
Southern goods. Sales of denims have been fair at firm prices,
T otal 1996-90. . . . 269,966 10,724,214 1,304,318 42,830,293 1,080,357 82,980,851
but other coarse colored cottons continue dull and easy to buy.
The visible supply of grain, comprising the stooks in Bleached cottons have again been generally slow, with low
granary at the principal points of accumulation at lake and and medium grades in relatively hast demand. Prices are
seaboard ports, July 17, 1897, was as follows:
steady. WJiite goods are inactive, as are quilts. W ide sheet
R ye.
Bariev
C om ,
Oats,
W heat,
ings are featureless. Cotton flamels and blankets in indiffer
bush.
bush
bush.
I n store at—
bush.
bu«h
Kid-finished cambrics dull at 3c. for 64 squares.
1,772.000
445.000
108,000 ent request,
691.000
1,325.000
9.000
23,000
9.000
40.000
Do
afloa t...........
Both prints and ginghams have ruled dull and without feat
25,000
50.000
595,000
303,000
519,000
183,000
264,000 ure. Print cloths are steady on the basis of 3 ;. for extras,
B u ffa lo .............. ...........
with only a limited business reported.
194,000
1,001,000
9,000
7,750,000
C h lo a a o ........................ 3,035,000
.
E xports fo r
W eek
Since Sept,
week and since
J uly IT. 1,1896.
Sept. 1 to—
bbls.
bbls.
U olted K ingdom 1 14 /82 7.440.851
C m tln e n t ... .
35.397
89-.170
S A C . A m e r ic a . 20,0 <0
952 962
W e s t Indies...
2^.013
957.881
Brit. N. A . C ol’s.
6.985
V52.274
Other cou n tries
211,035
Do
a flo a t .........
M ilw a u k e e ...................
Do
a flo a t .........
D u lu th ..........................
Do
a flo a t .........
T o le d o ...........................
Do
a flo a t...........
D e t r o it ..........................
Do
a floa t...........
8 - L o u is ......................
Do
afloa t...........
B o s to n ..........................
T o r o n to ............ ...........
M on treal......................
P h ilad elp h ia...............
109,000
W eek
Since Sept.
W eek
Since Sept.
July 17. 1.1896.
J uly 17.
1.1896.
bush.
bush.
bush.
bush.
595.811 41,399,153 1,300.252 77,314.242
49.419 11,014.168 1,565,712 75.311.272
2,433
119,379
2.2HH
198.933
.............................
24.680
1,009,769
............
4,280
410 745
............
1,124,225
1,848,398
3,000
1,000
130,000
803,000
10,000
300,000
355,000
i 95,000
301 .boo
24,000
69,000
13,000
8,000
24,000
4.000
62,000
*03, boo
250,000
43.000
11.000
" a .boo
1,090,000
4.000
175.000
34.000
452,000
142,000
1,000
138,000
8 i.OOO
207,000
111,000
32,000
In d ia n a p olis....... .
81.000
K ansas C ity .................
599.000
B a ltim ore....................
M inneapolis................. 7,572,000
On M ississippi R iv e r .
444.000
On L akes.....................
5,000
On canal and r i v e r ...
35,000
4 9 1 /0 0
7.000
79.000
171,000
098,000
74.000
42,000
1,839,Of. 0
447,000
T otal July 17.1807.15,324,000
T otal July 10. 1897.10.609,000
T otal July 18.1890 46,743.000
T otal July 20, 1895.40,483.000
T ota l Ju ly 21,1894.53,772,000
15.130,000
15.425.000
8.600 000.
6,941,000
3,040,000
3,000
120.000
148.000
80,000
20,000
1,418,000
7.003,000
0,949,000
7,107,000
5,210,000
1,372,000
08,000
214,000
8,000
1,000
42,000
1,000
4,000
H.000
33,000
1897.
Slock o f Print Olotht—
July 17.
At Providence, 64 squares. 480,000
At Fall River, 64 squares ? , nnQ nnn 5
At Fall River, odd sizes.. 5
Total stock (pieces).... 1,489,000
1896.
July 18.
329.000
989.000
639.000
1,957,000
1895.
July 20.
172,030
66,000
103,000
1894.
July 21.
310,010
562.000
212.000
344.000 1,084,000
Foreign D ry G oods.—The market closes with mare busi
ness doing for spring in woolen and worsted goods for men’s
wear and in dress goods, with importers very firm on prices.
In other directions spring business is quiet, The demand for
fall lines has been quiet and without important feature.
I m p o r t a t io n s a n 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 o o d s .
8.000
13,000
15,000
12.000
290,000
207,000
162,000
119,000
2,049,000
2,097.000
1,650.000
148,000
208,000
1,008,000
801,f 00
74 ,000
£8,000
: 2, 00
THE DRY GOODS TRADE.
141
5,9101
15,595
710
50,154
1 896,037
New Y o r k , F r i d a y , P. M., July 23, 1897.
Bad weather haB interfered with store trade in the primary
market during the past week. Although a fair number of
buyers have been in town the daily attendance on the spot
has been only moderate, ordere by mail have not brought
forward any unusual business and the aggregate results have
been somewhat disappointing. There is generally some de
velopment of demand about now for staple cotton goods, and
in view of the reports of excellent trade in out-of-town mar
kets it ought to be more pronounced than usual, but as a
matter of fact slow progress in that direction is being made.
Buyers are still pursuing a cautious purchasing policy, evi
dently under the impression that the market is not likely to
get away from them for some weeks to come at all events.
Next month may see some change in this attitude, as there is
unquestionably a curtailment of output in progress and
stocks, even with slow buying, are not increasing now. The
general tone in cotton goods is firm. With the tariff out of
thp way, woolen goods agents are pushing forward with
their spring displays, and new openings confirm first indica
tions of a higher market than last spring by from 5 to 10 per
cent.
W oolen Goods.—The display of low and medium grades
of men’s-wear woolen fabrics for spring has been augmented
this week by the opening of further lines at prices quite in
keeping with the advance of from 5 to 10 per cent noted in
last week’s report. A considerable number of important
lines have yet to be put before buyers, particularly in worsted
goods, but it is not likely that there will be any material change
from present price indications. The advance in price is
hardly as much as some sellers have been counting upon, but
it seems to be as much as buyers will stand for opening basis
at all events. In heavy-weight goods for trouserings and
suitings a fair re-order business at firm prices is recorded.
Overcoating and cloakings have been without material
change. Flannels, blankets and carpets quietly firm. The
The importations and warehouse withdrawals of dry go< ds
at this port for the week ending July 22, 1897, ana Binre
January 1, 1897, and for the corresponding periods of la t
year are as follows:
S
K
o Ih
l I
g
JP *to
K
Sg
o
I
S
P
i
f
l
B
s s r ilg
B
o « £.M;
o
9 §5" g : : P: | JS
H£ g ; ; u ; o
Q• g : t • s £
g; i
1
sat
W
©: S : : ! ! §
2 : : ! : ** ( O• • i * **•
ct
p:
:
:
\
«
CD•
IS
1
|s
0 :
P>
o
3
( 1
i 1 1 Mi ; iS !I :• s> i1 cK
J?
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IHE
J u l y 24, 1897. J
CHRONICLE
165
purchase of $25*030 of bonds, to be issued for the construction
S tate
a n d
C ity
D e t a i n m e n t . of water-works. The securities will bear interest at the rate
TERMS OF SUBSCRIPTION.
The I n v e s to r s ' S u p p le m e n t w ill b e fu rn ish ed without
e x tr a c h a r g e t o e v e ry a n n u a l su b s crib e r o f th e C o m m e r c ia l
an d F in a n c ia l C h r o n ic l e .
The S t a t e a n d C i t y S u p p le m e n t w ill also be fu rn ish ed
w ith o u t e x t r a c h a r g e to e v e ry s u b s crib e r o f th e C h r o n ic l e .
T h e S t r e e t R a i l w a y S u p p le m e n t w ill lik ew ise be fu r
n ish e d w ith o u t e x t r a c h a r g e t o e v e r y s u b s crib e r o f th e
C h r o n ic l e .
The Q u o t a t io n S u p p l e m e n t , issued m o n th ly , w ill also be
furnished w ith o u t e x t r a c h a r g e to e v e ry s u b s crib e r o f th e
C h r o n ic l e .
TERMS for the C h r o n ic l e with the four Supplements
above named are Ten Dollars within the United S ta tes and
Twelve Dollars in Europe, which in both cases includes
postage.
Terms o f Advertising—(P e r ineh space.)
One dine ................................ 93 50 I Three Months (13 times*..*2 5 00
One Muiuli
(itimea).. II 00 Six months
(2G times!.. 13 00
Two Months
(9 times).. 13 00 |Twelve Months (52 times). 58 00
The above terms for one month and upwards are for standing cards.
Bin d Proposals and Negotiations this
week have been as follows.
Adam*. Mass.— loan O fferin g.— Proposals will be received
until 12 o'clock noon to-day for the purchase of $40,000 of 4
per cent library and memorial building notes, to mature
April 15, 19)6.
Allentown. Pa — R ond* A u th o riz ed .—I t is repotted that
the proposed issue of $35,000 of sewer and paving bonds of this
city has been authorized bv the Common Council.
Alliance. Ohio.— Bond O ffering — Proposals will be received
until 12 o’clock, noon, July 81, 1897. by J. H. McConnell. City
Clerk, for tbe purchase of $8,UOO of 6 per cent refunding bonds,
issued for the purpose of extending the lime for the payment
of present indebtedness of tbe city in pursuance of Section
2701 of tbe Statutes of Ohio and of sn ordinance for tbe same
passed June 7. 1897. Tbe securities will be in the form of
twelve bonds, four for $1,000 and eight for $500 each, and to
mature three years front date of issue.
Also bida will be received at the same time for $900 of 6
per cent bonds for the construction of sewer No. 24, and in
anticipation of tpeoial assessment on lots and lands abutting
on said sewer, issued pur-usnt with Section 2704 of the
Statutes of Ohio and with an ordinance pawed June 31. 1897.
The bonds will be three in number of $3 Ml each and will ma
ture at tbe rale of $300 each year after date of issue.
These securities will be dated August 10, 1897; interest will
be payable semi annually at ihe City Treasurer’s office or the
Alliance Bank Co. No bid will he received for he* than par.
Anaconda, M int. — B o w l Election.— Another election will
probably be held in Anaconda to determine tbe question of
issuing sewer bonds to ihe am mat of $25 000. At a former
election tbe people voted against this prop- «ui->n.
A noka Count). Mlun.— B o n d i Proposed.— Anoka County
proposes to issue $20,000 of road-improvement bonds.
Austin, T t l — B o n d s R edeem ed — On July 19, 1897, tbe
county of Val Verde redeemed $10,000 of court-house bonds
which were held by the school fund.
Bethlehem, P s.— B on d O ffering. — Proposals will be re
ceived until 12 o'clock, noon, August 2, 1897, by H. B. Jones,
Chairman < t Finance Committee of Bethlehem, for the pur
chase of $75,000 of 4 percent street-improvement bonds, issued
in accordance with Ihe act of Assensbly entitled, "An Act to
regulate the manner of increasing the indebtedness of munici
palities’', etc., approved April 20, 1874, and ordered by Town
Council Ordinance No. 45. The securities will be of the denom
inations of $500 and $1,000, dated September 1, 1897; interest
will be payable semi-annually on the first days of March and
September, and the principal will mature in from five to thirty
years, at the option of tbe borough. The purchaser is to take
botds as money is needed by the borough, the whole amount
to be sold previous to September 1, 1899.
T he official n otice o f th i» bon d offerin g will be f o u n d else
w here in this D epa rtm ent.
Binghamton, N. Y.— B on d S ale. — The city of Bingham
ton has award-d $50,000 of 4 per cent City Hall and $20,000
of 8% per cent school improvement bonds to R. L. Day & Co.
o f Boston at 109 859 and 102-159, respectively. Bith loans
are in the form of coupon bonds of tbe denomination of
$1/00 each, dated August 1, 1897; interest is payable semi
annually on the first dsye of February and August, both prin
cipal and interest being payable at the Chemical National
Bank of New York Citv. Tbe $50,000 of City Hall bonds will
mature at the rite of $10,000 per annum from August 1, 1918
to 1932, inclusive, and the $30,OK) of school-improvement
bonds at the rate of $5,000 per annum from August 1,1923 to
1920, inclusive.
Blackhawk. Col.— Bond O ffering. — Proposals will be re
ceived until Aug. 8, 1897, by the city of Blackhawk, for tbe
of 6 per cent and mature in fifteen years from date of issue.
Bloomsbarg, Pa. — Bond O ffering. — Proposal! will be
received until 7:30 o’clock P. M. August 5, 1897, by A . M.
Yost, Town Treasurer, for the purchase of $15,000 of 4 per
cent town bonds issued by the town of Bloomiburg, pursuant
to the provisions of the Act of General Assembly approved
April 20, 1874 The securiti:s will be dated August 1, 1897,
the interest to be paid semi-annually on tbe first days of
February and August at the office of the Town Treasurer,
and the principal will mature in twenty years from date of
issue. All State tax is to bo paid by the town. A certified
check for at least 2 per cent of the total amount bid must
accompany each proposal.
The official n otice o f this bon d offiering will be fo u n d else
where in this D ep a rtm en t.
Boscobel (Wls.). School District No. 1.— B o n d O fferin g —
Proposals will be received until 12 o’cl ock noon, Ju ly 31,1897,
by Theo Kronshage.Chairman of tbe Building Conamittee of
tbe Joint School District No. 1, consisting of the entire city
of Boscobel and parti of the towns of Marion and Watterstown, for tbe purchase of $10,000 of 4 per cent bonds for tbe
t uilding of a new school bouse. The securities wilt be of the
denomination of $1,000, dat >d September 1, 1897; tbe interest
will be payable annually and tbe principal will mature $1,0)0
each year from February 1, 1899 to 1908, inclusive. Both
principal and interest will be payable in Cnicago or New
York if desired
The greased valuation of the district is $255,513, and tbe
real valuation $650,000. There is no bonded indebtedness at
present. Tbe population is 1.800.
Brockton. Mass.— Bond O fferin g .— Proposals will be re
ceived until 7 o’clock P. m July 3), 1897, by W. H. Emerson,
City Treasurer, for $15,000 of 4 per cent registered bonds, as
follows:
$16,000 of school-construction bonds issued under tbe authoriiy of the public statutes and authorized by the CityCouncil July 13, 1897. The securities are to mature at the
rate of $1,000 annually, beginning August 1, 1898.
$5,000 of surface-drainage bonds istued under authority of
Chapter 207 of the Acts of 1890 and an order of the City
Council passed July 18, 1897. These bonds are to mature at
the rate of $1,000 annually, beginning August 1, 1898.
Tbe above securities will be dated August 1, 1897, and the
interest will be piyable semi-annually on the first days of
February and August.
Bollock County, Ala.— Bond Offering.—Proposals will be
received until August 9, 1897, by Bullock County, for the
purchase of $10,0X1 of county bonds. The securities will bear
interest at the rate of 0 per cent and mature in twenty years
from date of issue, subject to call at the option of the county,
Chino (I’al.) School District.— B on d S a le.— The bids re
ceived for the $20,000 of 0 per cent Chino school district bonds
of San Bernardino County were as follows:
r>« Van A Co.. Vm An<n*l<M.. 120,0*0 00 I Heilman St Snrtori,JsO* An«..$20,r.o3 (*>
K*r«on. Loach AOu.. t blcajju. 20.726 00 j A. H. C-jUucr, l.u* A turcica... 2 *,168 00
J. F. Cooper, Lo* Anaefe* . 2<',001 10 j W. J. Hates A Sons, CIotc. ... 20,23* 00
The bonds were awarded to De Van & Co.
Clark.rllle, (la.— Bond M ew s — We are informed by Mr.
W. D. Hill, Ordinary, that the proposed election to sanction
the issuing of bonds has beeD indefinitely postponed.
Clearfield, Pa.— Bond Offering.— In accordance with the
vote at tbe special election held Msy 15, 1897, providing for
an increase of tbe debt of tbe borough of Clearfield in the sum
of $10,645 35 for the purpose of paving various streets and
constructing severs, tbe Town Council of the borough has au
thorized aa issue of $10,500 of bonds. Tbe bonds are to be
coupon bond, of $500 each, payable in thirty years, and re
deemable at the option of tbe borough in five years from date
of issue, with interest payable semi-annually on the first days
of March and September at a rate of not more than 4 per cent.
The bonds will be dated September 1, 1897,
Mr. John A. Stock, President of the Council informs us that
it 1s desired to place the bonds at
per cent and that he and
the Burgees are r» ady to negotiate at any time with a pur
chaser on that basis.
College Point, N. Y.— B on d E lection . — Theelection called for
July 28. 1897, to decide on bonding tbe village in tbe amount
of $150,000 has been declared illegal, as being in excess of tbe
debt allowance on tbe present assessed valuation. A new
election has been called for August 11. 1897. at which the
citizens will vote on a proposed issue of $115,0)6 to be used
for street improvement!.
Columbus, Ohio.— B on d E le c tio n — On August 20, 1897, the
citizens of Columbus will vote upon the proposed issue of
$26,000 of 114 P*r cent bonds for the payment of the city’s
portion of the court house. The securities, if issued, are to
be coupon bonds, with interest payable semi-annually on the
first days of April and October, and tbe principal to mature
in thirty years from date of issue, October 1, 1897,
Covington, Kv.— B on d Sale.— The city of Covington has
sold $16,500 of 6 per cent aixt-en-vear bonds to August Van
& Co., of Cincinnati, Ohio, for $17,827 50. Five other bids
were received for the loan.
Crnfton (Cal.) School District. —B on d O ffering.— On A u
gust 8, 1897, there will be offered for sale $1,000 of 8 per cent
THE CHRONICLE
166
[ *01.. L A V .
Crafton School District bonds of San Bernardino County, to of $10,000 of school house bonds by a vote of nearly two to
one.
mature three years from date of issue.
t reston, la.—Bond Sale.—The following are the bids re
Great Barrington (Mass.) Fire District.—Loans Authorized.
ceived July 15, 1897, by the city of Creston for §12,000 of 4%
At a special meeting of the Great Barrington Fire District,
per cent ctty hall refunding bonds.
held July 16, 1897, pursuant with an Aot of the Legislature, the
authority was given to issue notes of not more than $5,000 for
P rem iu m . I
Prem ium .
T row brid ge & Co., C hicago.......*$5u7*50 |Creston L o a n & T r . Co., Creston.$332*00
the purpose of enlarging and extending the present system of
N W . H arris & Co., C h icago___ <63*00 I W . J . H aves & Sous, C leveland.. 291*00
reservoirs and hydrants, the note to be payable in thirty
Joh n Monk, C h ic a g o .................... 432*00 T h e
L am procht
B ros. Co.,
B le u , D enison & P rior, C le v e ... 350*001 C levela n d ...................................... 140 oo years.
The Treasurer was also authorized to borrow $3,000
for the use of the Street and Sewer Commissioners.
• W ith interest.
Greene County, Ind.—Bond Sale.—Referring to the award
The bonds were awarded to Trowbridge & Co.
The securities will be dated August 1, 1897; interest will be of gravel-road bonds to N. W. Harris & Co. of Chicago, men
payable semi-annually at New York or Chicago, and the prin tioned last week, the amount of bonds was $161,500, and the
firm paid $164,867 37, or at the rate of 101-775. The interest
cipal will mature'August 1, 1917.
Danbury, Conn.—Bond News—A report was current a on the bonds is 5 per cent, and they are dated September 21,
short time ago that the city of Danbury was to issue a tem 1896. Tbe principal will mature at the rate of 1-10 annually,
porary loan for §87,360 21. Upon inquiry, Mr. Wallace G. beginning with November 15, 1897, both principal and interest
Olmstead, City Clerk, informs us that this loan is simply a being payable at tbe Continental National Bank of New York
renewal of notes given for permanent improvements some City. The sale was made some time in June.
Hallowell, Hie.—Temporary Loan.—On July 3, 1897, the
time ago. The amount is included in the §150,000 of floating
indebtedness of the city, which will be wiped out when the city of Hallowell negotiated a six months loan with the
recent bond issue (noted in the Chronicle of June 12, 1897,) Augusta Savings Bank for $18,000 at the rate of 4 per c e n t,
The city has purchased the plant of the Hallowell Water
has been completed.
Deekertown, N. J.—Bond Issue.—Aniesueof a§l,000 water Company, and this loan is a temporary provision for the pay
bond for extension work has been made by the town of Deck- ment of the same, pending the development of plans for the
repair and extension of the system and the issuing of bonds
ertown.
Denver, Col.—Bond Issue.—Bonds to the amount of $159,- for the purpose,
Hanover and Sheridan Township (N. Y.) School District
700 are being issued by authority vested in the Board of Pub
lic Works as provided by Article 7 of the charter of the city No. 7 —Bond Sale — On July 6,1897, the City Bank of Buffalo
of Denver. These bonds will not be sold by the city, but was awarded the $9,850 of serial school bonds at 103.
Harnett County, N. C.—Bond Issue.—As mentioned in the
issued direct to Contractor Wm. Hayden, who has the con
tract for the improvement of what is known as “ The Capitol C h r o n ic le on July 10, 1897, Harnett County will issue bonds
Hill Grading and Curbing District No. 1” upon estimates by for the erection of a new court-house and for funding the
the Board, under whose supervision the work is being done. county debt. These bonds when issued will amount to about
Interest upon these securities will be at the rate of 6 per cent, $25,000, with interest at 6 per cent, payable in currency, and
payable semi-annually in January and July at the City Treas will mature in twenty years from date of issue.
Hempstead (N. Y.) Union Free School District No. 18.—
urer’s office in currency. The bonds are dated July 1, 1897,
Bond Sale.—On July 20, 1897, tbe $22,000 of 5 per cent schooland are to mature within eight years.
East Islip (N. Y.) Sell ool District.—Bond Sale.—East Isltp house improvement bonds were sold at public auction at Far
school district has awarded to Bsnwbll & Everitt of New Rockaway to Bertron & Storrs at 109%. The securities will be
York §6,990 of school bonds at a price a little ab we par. Tne dated July 1,1897, and are of tbe denomination of $1,000 each;
district was bonded to obtiin money to build additions to the interest will be payable annually on the first day of January
and the principal will mature at the rate of $1,000 per annum,
school.
Elizabeth, Pa.—Bonds Defeated— Oa July 20, 1897, the commencing with January 1, 1917.
Henderson, Minn.—Bond Election.—A. proposition to issue
citiz-ns of Elizabeth voted against the proposed issue of
$5,000 of bonds for the erection of an electric-light plant will
$20,000 of street improvement bonds.
be
submitted to a vot9 of the people of Henderson on Aug
Pall Kiver, Mass.—Bond Sale.—The following are the bids
received at Fall River for §100,000 of A per cent of 20-year ust 9, 1897.
Holly Springs, Miss.—Bond Election.— A proposition to
registered school bonds :
issue $43,000 bonds to pay the cost of constructing water
B lake B ros. A Co.. B o s to n .......... 109*400 Bertron A Storrs, N ew Y o r k ___103-082
Estabrook & Co.. B oston ............. 109 357 (ie o . A. Fernald & Co., B o s to n ..1 0 9 "0 i;
works and an electric-light plant will be put to a vote of the
R L . D ay A Co., B oston ..............100-350 Blocleet, M erritt A Co.. B oston .lOs-916 people of Holly Springs on Aug. 9, 1897.
A dam s A Co.. B oston .................... 109-334 E. H . R ollin s A Sons, B o sto n ......108 778
Jas. IV. L ougstreet A Co., Bos. 10913b N. W . H arris A Co., N ew V o rk ...108710
Jackson, Miss.—Bonds Authorized.—It is reported that
the city of Jackson has been authorized to issue school bonds
The bonds were awarded to Blake Bros. & Co.
Fergus County (M ont) School District No. 15.—Bond to the amount $15,0b0.
Jamaica (N. Y.) Union Free School District No. 10.—
Sale. —On July 10, 1897, Fergus County School District No.
15 awarded $500 of 6 per cent refunding bonds to H. B. —Bond Offering.—Proposals will be received until 8 o’clock
Palmer, of Helena ; interest on the bonds is payable in cur p. M July 31, 1897, at the school house, Morris Park, for the
rency at the County Treasurer’s office, Lewiston, Mont., and purchase of $5,000 of 5 per cent soaool house bonds. Tne
the principal will mature June 1, 1902.
st curities will be of the denomination of $500 each and the
Flashing, N. Y.—Bonds Authorized,—On July 19, 1897, the interest will be piyable in currency at the B ink of Jamaica.
citizens of the town of Flushing voted in favor of the proposed The principal will mature at the rate of one bond each year
issue of §50,000 of road-improvement bonds. The maioritv in from 1914 to 1923, inclusive.
favor of the loan was 133,
Jamaica, N. Y.—Election Declared Illegal.—On July 17,
Bonds Authorized.—The proposition to bond tbe village of 1897, Justice Gaynor in the Supreme Court of Brooklyn de
Hushing in the sum of $102,500 for new schools was carried clared that tbe election held in Jamaica on issuing the $50,000
at a special election held July 22, 1897, by a vote of 218 t i 2). of park bonds recently sold by the town was illegal, as all
Hushing (N. Y.) School District No. 3.-B o n d News.— persons were allowed to vote, while the town charter calls
A report has been current that Bertron & Storrs, who were for the votes of tax-payers only. This decision prevents t ie
recently awarded the $26,010 of 5 per cent school bonds of this issuance of the securities.
Jasper. Fla.—Bonds Authorized.—It is reported that on
district had withdrawn their offer, claiming: that the bonds
were illegal. This report, we are informed by Messrs. Ber- July 10, 1837, the voters of the town of Jasper authorized the
n-on iS Storrs, is incorrect, as they stand ready to receive the issuance of $7,000 of bonds for the construction, of water
bonds as soon as they shall b9 properly prepared for delivery. works.
Jersey City, N. J .—Bond Sale.—The following are the
Freedom, Pa.—Bond Offering.—Proposals will be received
until Auzust 4, 1897, at 7 p. m ., by E. J. Bisboffberger, Secre bids received on July 21, 1897, for the $100,000 of 4 per cent
tary of the Borough Council, for the purchase of $17,517 of 5 (gold) public-school bo"nds of Jersey City:
per cent bonds. These bonds are issued under an act of E. C. Stanw ood & Co.. B o s t o n .. .102*318
b ro o k & Co.. B o s t o n ...........101*596
Assembly approved April 20, 1874, and entitled, “ An Act to Blake Bids. & Co.. N ew Y o r k .. .102**70 EE.sta
H. R o llin s & Sons. B o sto n .. 100*538
Blair & Co , New Y o rk ...
___ 102‘ iC i B lo d g e t. M erritt & Co., B o s t o n . 100*323
regulate the manner of increasing the indebtedness of munici- N.
W . H arris & Co., N ew Y o r k . 101*780
palities, to provide for the refunding and reissuing of out
The bonds were awarded to E. C. Stauwood & Co,
standing bonds and to provide for the redemption of bonds so
The securities will be dated August 2, 1897, interest will be
issued , and the amendments and supplements thereto. Intereet on the bonds will be payable semi-annually on the first payable semi annually on the first days of February and
August and the principal will mature August 2, 1927,
as fol°owBarCh 8nd September and the Principal will mature
Kentucky —Bond Sale.—The following is the complete list
No. 1 fo r *517.. ..S ep t. 1, 1838
of bids rtoeived for the $500,000 of 4 per cent ten-year funding
>•11 f o r $900.......Sept. 1, 1908
600.. ..S ep t. 1, lhoy
900. ...s e p t . 1. 1909 bonds, which, as reported in the C h r o n ic l e last week, were
3 for
•l
«* 12 tor
<500.. ..S ep t. l . 1900
4 for
•4 It I f f o r l.n oo.......Sept, l . i o o
600.. ..S ep t. 1, i d o l
sold to a Louisville syndicate, composed of the Bank of
5 for
»
11 l i t e r 1,000....... Sept. 1. 1911
7U0..
M
»t 5 ? i or 1 .1 0 0 --- Sept. 1, 191-3 Kentuekv, the Fidelity Trust & Sa'ety Vault Co., the German
6 for
7 0 ... ..Sept. 1. 190s
7 for
11
*« 10 tor 1,100.......Sept. 1. 1913
7 (0 .. ..Sept, 1, 1904
Bank and the German Insurance Bank, at 107-47.
>4
it 17 fo r 1.21)0.---- sep t. I. 1914
8 for
0 for
10 fo r
8 0 0 ... ..S en t. I, 1«05
800.. ..Sept. 1, lUOrt
DmO.. ..Sept. 1. 1007
u“
II 18 tor 1,200....... Sept. 1, 1915
19 fo r 1,300 ....S e p t . 1 19in
“ 20 f o r
900.......Sent. 1 , 1 17
T he F id elity T rust & Safety
M ason, L ew is & Co.. C h ica g o ....... 104’42
V ault Co., e tc
..........................1^7*47 First N ational Bank. C olum bus. .104 37
Rudolph K le yb o lte & C o.. Cm
105 93 Illin ois T ru st Co , C h ica g o............104*34
Karson. L each & Co.. N. Y ............105*84 N. W . Harris & Co., N ew Y o rk . . . 104*23
Blake Bros. & Go., N. Y ................. 105*80 S eym our B ros. & Co., New Y o rk . ,104*15
E. H. R ollins ,& Sons, B o s to n ... )
N . Y. Secu rity & T ru st Co., N. Y . 104*07
Sperry, Jon es & Co.. B a ltim o re .) °
Street. W y k e s & Co.. N. Y
. . . .104*05
Blair & Co., New V ork.................i in -.q~
A m . N ational Bank. L o u is v ille . .108*80
Estabrook & Co.. B oston___
) °
Dietz. D enison & P rior. C le v e .......102*93
E. D. Shepard & Co.. N. Y ........... ..105*13 E. C. S tau w ood & Co-, B o s t o n .. ..102*93
E. H . Gay & Co.. B o sto n .............. 104*80
j 1 !613 loan §10,517 is to refund the present indebtedness
and the other §7,000 was authorized by the citizens at a special
f n & hfel,d, M a y n ' 1897' at - '- e h the vote waB igVto l l l
a i* 80O and it
Population of Freedom is
suitlhgt.'L’r u has ? ° other indebtedness. The assessed valuaOvercoatinL°Perty
the borough is $458,630.
change. F irav,el^
—Bonds D efeated.-O a July 10, 1897
In addition the following lids were received for parts of
9 of Grand Haven voted against the proposed issue * the loan.
JHLT24 1897,,
THE CHRONICLE.
W. h QnintanE New York ........................................- $250 01X1
20,0-M
20,000
SL*00
GtemmImwf&amCompanv. X,oiiisviIle.. . . . . . . .. . . .. | S20.00
*
50,000
1S.0M0
R a ck « f C em m ea-e,
— *......... - ..........|
J.5.100
50,OCW
Ja m es G araeix,
J
W. H. Sitmiaer*,. loeat...
...................... >
lI»
5,000
lwsa
im-40
■f 26 year bridgi-const! uction bonds; $17,501 of 5 20-year
lox-w funding bonds, and §15,000 of 10-20-year street-improvement
10T40 bonds :
103-10
103-30
10S-77
103-38
105-Ou
10U-WI
MM-eo
Nati rial 14U I m . Co., M o n tp e lie r .. . . . . . .
W .J . M utes & Sou, g u s t o s .................... . . .
We are able to s:ate that the interest of the different mem K. H . Rul.lns ,v Si,ns, B o sto n ........................
an, Flutter A Phelps. B o s to n ............
bers c f the syndicate securing the bonds is as follows: Bank Cushm
Diet*, lieatson ,fe P rior, B o sto n ...................
Mamoelter Savtnss Bank * Trust Co........
of KeniU! -ky, §150,000; The Fidelity Trust & Safety Vault Co , Jits.
W , h o n g s !r e e l s Co., B o s t o n ..............
$100,000; The German Bank, $150,000; The German Insurance
G o ., $100,000.
167
5 -20-T ea r Bonds,
H>2*S0■
10-20-r e a r Bonds •
ig'-S
108*37
w l-7 7
M
101-647
101*18
101-S77
lore*
101'23(3
fiK !
«103-357
103-367
302-837
103-18
102-
103lOt-737
102-54
Kingston, N. Y.—B m d Auction,—On July 39, 1897, at 3
The bonds were all awarded to the National Life Insurance
o’clock P. M., the City of Kingston will sell at public auction Co. o f Montpelier, The securities are o f the denomination of
1150,000 of 4 per cent bonds issued under Chapter 686, Laws |5C0 or $1,000, and bear interest at 4 per cent, payable semi
of 1897, for the purpose of completing the water-works. The annually in January and July at the Manufacturers’ National
securities will be of the denomination of 11,000 each, interest Bank, Boston, Mass.
will be payable semi-annually, and the principal will mature
Morgantown, W. Yu.—Bond Election.—An election will
$6,COO in 1913 and each year thereafter, both principal and be held in Morgantown on August 9, 1807, to decide the
interest being payable in gold.
question of issuing school bonds to the amount of $40,000.
Lakeland, FI a.—Bowl Offering,—Mr, Claude D. Clough,
Moultrie, Wa,— Bond Offering.— The $5,000 of 6 per cent
Citv Clerk of Lakeland, advertises under date o f July 18, 30-year school and water bonda, the sale of which was post
1807, that he will receive, bids for $3,000 of school-house poned May 4,1807, will be sold August 3, 1807.
bonds recently authorized at a special election. The bids will
Ml. Morris, h\ Y.—Bonds Authorized.—Thecitizens of Mt.
be presented to the City Council at its next regular meeting, Morris and Lsiceetar on July 13, 1897, voted in favor of build
August 11, 1897,
ing a new bridge t i coat $16,000, The bridge will be built
La Mirada (Cal.) School District,—iShwi Sole.—The fol jointly by the two towns and tends issued for the amount.
lowing is the list of bidders for the 13,000 o f 7 per cent
Myrtle Point, Ore — Bonds Defeated. — The citizens of
6-10-year serial school bonds of this district sold the latter Myrtle Point recently voted against the proposed iesue of
part t f June:
$5,000 of wati r works and electric-light bonds.
O akland Savtwts B a n k . 13,270 00 f H eilm an & Sartor!.
Neither*, Tenn.—Banda Authorized,—At an election held
BmcaxUf ss»*lt*** B a n k ....,..... 3.201 00 f .§» H , C on ifer-. . . . . .
JL K .B a n r h ly .
............
3,1 £-900 1
io this town on July 15, 1897, the people voted in favor of isThe bonds were awarded to the Oakland Savings Bank, -uing $3,000 of bonds for school purposes, $5,000 for street
They are dated July 1 .1397. and the interest is payable an improvements and $12,000 for improving the water works
New Britain, Conn.—JBontla Proposed.—The city of New
nually at the G/unrv Treasurer’s office, L » Ang*-I<?..
La inhale, Fa.—Bond Election*—l i is reported that an elec Britain has under consideration the issuance of thirty $1,000
tion will be held in tbw place to vote on a proposition to issue bonds for the building of a school house on Madison Street
*23.0(0 of bonds for the erection or furcha-* of an electric- and an addition to the East Street school. The bonds are to
mature at the rate of two eaen year.
light plant.
Newbaryparf. Mas .—Bond f e t i n g ,— Proposals will bo
Wti letdown, VtL—Btmd .Safe—The town of Liu b-tow q has
sold to It cal biddt r-, at rate* ranging from 100-50 to 103-50 and received until July 80; 18ft?, by the city of Newburyport for
averaging about t O i m t b t t k M of 1 per cent 7-2'» year the purchase o f $373,000 of 4 per cent water bonds, The in{optional) water bond*. The interest ot» these securities will ierest will he payable in currency as the First National Bank
be payable semi annually in Januarv and June. Bids w-'ie of Boston or at the City Trias-,m-j's office, Newbury port, and
also receive 1 from VV, J Ifiyes A Sons of Cleveland at the principal will mature July t. 1027.
,'ewp.»rt Sens, Ye.—Bond* Proposed,—The City Council
par and Edward C. Jone# Go. of New York at par and $10
o f Newport News baa under consideration & proposition to
premium,
L«e* Haven, Pa.—Bond Safe—The Board of Education of issue $80,000 of bonds for the construction of a sewerage
Lock Haven baa awarded to Jos. Shoemaker of that city the system.
$8,000 of 3 65 per cent -chool bonds at par. The sweuri'ies
New K< clieile, N. Y.—Bond Election.—The election to vote
are d aed August 1, 1897; interest will be parable semt-amm- on the proposition to issue a loan for #29,000 for street
alfy at the Trea-urn's office and the principal will mature m im preventer t i will be held August 3, 1897.
1917, t ut the bond* will b* redeemable after 1907.
Newton, X. C.—Bond* Authorized— With reference to the
Temporary Loan —The Board of Education has also placed prot ,-Miuon to i-*o» $8 MO of electric-light bonds by the town
a loan of tl.OOO for one month, with interest at 5 per cent, of Newton, N, C ., memionod by us last week, wo are informed
that the int< rest is to bo 0 per cent, payable annually at Shu*
with Jf». Shoemaker.
Lick port, N. V, - Bond Offering.—fattening to the offering ford’s bank, and that the bonds are to run thirty years from
in the C hkos teuton July 3, 1897. proposal* wifi bo received their fame ar.d are to be payable in lawful money. The
until 12 o’clock, noon, July 28, 1097, by J, C. Harrington. present hooded ir.debtedn* of the town is $7,000.
Newtowa, N. V.—Legality Of Bonds.—The contest over the
City Treasurer of Lock port, for the purchase of 010,000 of 1
per cent "Intermediate School Bond," toned for the purpose legality of the $830.0- 0 of is{ per cent road-improvement
of enlarging, repairing and improving the Old Union School bonds recently declared valid by Judge Gaynor is now being
building, as authorized by Chapter 372 of the Law* of 1897 and heard on appeal by the appellate division of the Supreme
by resolution of the Common Couocd July 19, 1897. The se Court.
curity will be a registered bond of $10,000 and will be dated
North Hempstead, N. ¥.—Bond .Veto*—The report which
July 28, l® 7; interest will be payable semi-annually on the has been current this week that Seymour Bros. & Co. have
first days of Slay and November at the City Treasurer a office declined to receive the $45,0t0 of 4’per cent road improve
and the principal will mature November 1, 1910.
ment bonds recently awatdid them, we are informed is en
Lowell, Mar*.—Bonds Proposed.—It la reported that the tirely incorrect,
city of Lowell will borrow $20,000 for school extensions.
Ocean I. Mr, N, i . - B r n d S a le .-On July 8, 1897, the $40,000
Manchester, X, II —Temporary Loan.—We are advised by of 5 per cent coupon tends of Ocean City were awarded tojthe
Mr. F. L. Allen, Treasurer of the city o f Manchester, that Central Trust Co. of Camden at 101, These bonds are dated
$50,MO of the proposed $2u0.OO0 loan referred to in this De Julv 1, 1867, and are payable in instalments from July 1,
partment o f tbs (Jhkoswlk on July 3, 1897, ha* been dis 1907, to July 1, 1010, The interest will be payable semi
counted at 3*75 per cent. It has not yet .been decided when annually.
the remaining #180,000 will he offered for sale.
Ogden, Utah.— Ronds Authorized.—On July 15, 1897, the
X aasfleli, on to.—Bond Safe —The city o f Mansfield has election held by the citizens of Ogdan resulted in a majority
awarded to W, J, Hayes A Sons of Cleveland at a premium of -1&9 in favor of issuing $230,000 o f water tends. It ha* not
of $183 the $1,350 of 8 per cent (serial) assere-nenk bonds.
yet been decided wbat the rate per cent of interest will be
Marshall County, S, it.—Bond Sale,—On July 1, 1897. when the bonds are to mature, and when they are to be sold.
Marshall County awarded $9,000 of 8 per cent refunding bonds
Oil City (P i.) School Of strict.— Bond Sale.—The Oil City
to F, R. Fulton, of Grand Forks, at a premium of $135. S ch ool District has sold $9,000 of 4 per cent school bonds to
Mass®, Lewis A Co,, of Chicago, offered $135 premium forth* leeal investors at 101. The interest upon these securities will
loan and wired too late for acceptance that they would pay be payable at the City Treasurer’s office in Oil City, and the
#273, Tl»* securities are dated July 1, 1897, and are of the principal will mature annually, beginning one year from
denomination of $1,006; interest is payable semi-annually at data of issue,
the Chase National Bank, New York City, and the principal
On eon (a (N, Y.) Union Free School District No, H.—Bond
will mature July 1, id 7.
Offcring.—Proposals will be received until 2 o’clock P, m. July
Mexico, Mo.—Loan Authorized.—It is reported that the 29, 1897, hr Alva Heybolt, Secretary of the Board of Educa
City Council o f Mexico has authorized a lout of $3,000, $3,500 tion, for the pure base of $9,0C0 of 4 oer cent school-house
of which will be'used for macadamizing the streets.
hoods, issued in accordance with section 10, title 8, Chapter
MiSttobarg, Fa.—Bm d Elm(hm.—h is reported that on 558 of the Laws of 1894, being the- Consolidated Union Law of
August 7, IW7, a proposition to issue water-works bonds to this State, The securities will be dated January 1, 1807; in*
the- amount of $30,600 will bo put to a vote of the people of it r o t will be payable annually on January! at the Wilber
Miffiteburg.
National Back of Oneoata, and the principal will mature at
Mingo tou n iy. W. Va. —Bond Election—An election will the rate of $2,000 per annum from January 1, 1907, until
he held fit Mingo County to vote on a proposition to issue January 1,1911, when $1,000 will be payable. The bonds are
#15,000 of bond* for the erection of a court bouse.
part of an authorized issue of $21,306, of which $1 0 ,0 0 6 were
Montpelier, Y%.—Bond Sale.—On July 20, 1897, the follow sold on May 10th, as noted in the Chronicle of May 15th,
ing bids were received by the city of Montpelier for $17,006 of The amount now to be sold is all that will be needed to com*
177
77
THE CHRONICLE,
168
lete the school building. The total assessed valuation of the
Blistrict
is $1,533,761, and the total debt, e x clu d in g the present
iBsue, is $6,350.
The population is about 7,000.
Owosso, Mich.—Bonds Authorized.—The people of this
municipality have votui in favor of the issuance of $35,000 of
paving bonds.
Owyhee County, Idaho.—Bond Sale.—The county of Owy
hee recently sold'to the First National Bank of Caldwell at
par the $61,000 of refunding bonds. The interest will be at
the rate of 6 per c> nt and will be payable semi-annually on
the first days of January and July at the office of the County
Treasurer; the principal will mature at the rate of $6,100 per
annum, beginning with 1907. The bonds are of the denomi
nations of $100, $500 and $1,000, and will be payable, both
principal and interest, in gold.
Oxford, N. Y.—Bond Election.— An election w ill be held in
Oxford on July 30, 1897, to decide the question of issuiDg
■water-works bonds to the a m ou n t of $28,000.
Oyster liny, N. Y.—Bond Offering,—Proposals will be re
ceived until l p. m. July 81, 1897, b y Samuel J. Underhill,
Supervisor, Jericho, for the purchase of $50,000 of 4 per cent
bonds. The securities will mature June 1. 1937.
Pen-Argyle (Pa.) School District.—Bonds Authorized —
It is reported that the citizens of Pen-Argyle have voted in
favor of issuing $8,000 of school district bonds.
Philadelphia, Pa.—Loan Authorized.—As stated last week,
a temporary loan for $1,075,000 has been authorized by the
city of Philadelphia. Farther details are now available, and
from these it appears that the loan will bear interest at a rate
not exceeding 4 per cent, and is to be redeemable at or within
four months from its date and for the sum so borrowed cer
tificates of city debt are to be issued in the form prescribed
by existing ordinances.
Pittsfield, Mass.—Bond News.—A report was current a
short time ago that the city of Pittsfield was considering a
$5,000 sewer loan, Mr. E. H. Kennedy, City Treasurer, upon
inquiry, informs us that he does not know of any bond issue
for a year to come, at least.
Portsmouth, Ohio.—Bond Sale.—The $15,000 of 4 per cent
rtfurdiDg bends have been awarded to the Western German
Bank of Cincinrati for $15,375. The securities will be of the
denomination of $1,000 <ach. datfd Aug. 1, 1897; interest will
N EW
LO A N S.
[VOL. L X V .
be payable semi-annually and the principal will mature in
twenty years from date of issue.
Portsmouth, Va.—Bond Offering.—Proposals will be re
ceived until 6 o’clock p. m., July 30, 1897, by C ty Clerk E.
Thompson, Jr., for the purchase of $10,000 of 5 per cent Fifth
Ward coupon school bonds. Nine thousand dollars of the se
curities will be of the denomination of $500 and $1,000 of the
denomination of $100. Interest will be payable semi-an
nually in February and August and the principal will mature
in thirty years from August 3, 1897. The bonds will be ex
empt from city taxes, and can be regi tered, principal and
interest, or principal only, at the option of the holder.
Pottsville, P a —Bond Sale.—We are informed bv Mr.
James A. Medlar, Chairman of Finance Committee of Pottsville, that the $10,000 c f school bonds was awarded to local
investors as follows:
3,000....................... ..........103
|
600.......................................... 103kj
Itockaway Beach, N. Y.—Bond Offering.—Proposals will
be received on July 28,1897, for $57,000 of street-improvement
bonds. The village has no bonded debt at present.
Borne, N. Y . —Bond Auction.—The city of Rome will offer
for sale at public auction on July 30, 1897, at 3 P. m ., in the
Common Council Chamber in the City Hall, $30,000 of 4 per
cent sewer bonds. The bonds are issued under authority of
Chapter 198 of the Laws of 1893. The securities will be of the
denomination of $1,000 each, dated July 15, 1897; interest will
be payable semi-annually on the first days of January and
July, and the principal will mature April 15, 1921, both prin
cipal and interest being payable at the National Park Bank of
New York. The successful bidder will be required to pay for
the bonds within ten days from date of sale and to pay ac
crued interest to date of payment.
The act authorizes $240,000, of which $150,000 have been
previously issued. Other bonded indebtedness, not including
$165,000 of water bonds, is $34,600. The population in 1890
was 14,991, and assessed valuation 1896, $5,234,695.
The official notice o f this bond auction will be found else
where in this Department.
N E W LO A N S.
N EW
LO A N S.
$ 1 5 0 ,0 0 0 00
P R O P O S A L S FO R
$ 1 0 , 0 5 3 , 0 1 7
2 7
1 ,0 18 ,0 4 9
4 0 0 .0 0 0
OF
31H
BONDS
AND
STOCK
3 5 0 .0 0 0
OF THE
C ity
of
N ew
Y ork.
4 5 0 .0 0 0
E
xem
pt fro
mtaxation b
y th
e
C
ityan
dC
ou
n
tyofN
ewY
ork
.
5 0 0 .0 0 0
4 0 0 .0 0 0
Principal and Interest payable in Gold.
2 0 ,0 0 0
E X E C U T O R S, A D M IN IS T R A T O R S .
G U A R D I.
A N S A N D O T H E R S H O L D IN G T R U S T FU N DS.
A R E A U T H O R IZ E D B V A N A C T OF T H E
L E G IS L A T U R E P A S S E D M A R C H 14, 1880, T O
IN V E S T IN T H E S E BONDS A N D STOC K.
940 ,0 3 0
8 6 7 ,3 1 0
S E A L E D P R O P O S A L S W I L L B E R E C E IV E D
by th e C om ptroller o f the City o f N ew Y ork, at his
onice, No. 280 Broadway, In the City o f N ew Y ork,
umll
389,431
Thursday, the 29th day o f July, 1897,
A T 2 O’ C IiO CK P . m „
w hen they w ill be pnblicly opened , as p r o v id e d !)? law
fo r the w holo or part o f th e fo llo w in g -d e scrib e d
Coupons or registered B on ds an d S to ck o f th e City
o f N ew Y ork , hearing in terest a t th re e and o n e -h a lf
per c e n t per annum , t o - w i t :
8 1 ,7 5 0 ,0 0 0 00
,
-.o r o f
tl
C O N SO L ID A TE D STOCK
T H E C IT Y OF N E W YOB
K N O W N AS "A D D I T IO N
xfOO and it lia w a t k h sto ck o f ti
ftllig s i.
■ C IT Y OF N E W Y O R K .” P r
t„ *
'o p e rty -Jn-the tide Oct. l, i!uo.
rercoatiDM
£
. c v t e d stock .
-range.
6
E*
*^
new
yob
i
0 o f G rand H av en ’ a n i t a r y
’ SCHOO
V”
16.
Princi;
.
3 ,0 0 0 ,0 0 0
CO N SO L ID A TE D STOC K OF b y the M ayor O cto b e r 2, 188 \ an d S e ctio n 137 o f the
T H E C IT Y OF N E W Y O R K . N ew Y o r k City C on solid ation A c t o f i882.
FOR. T H E P U R C H A S E OF
T H E P R IN C IP A L O F A N D T H E IN T E R E S T
N E W STOCK O R P L A N T FO R
TH E
DEPARTM EN T
OF O S T H E A B O V E -D E S C R IB E D B O N D S A N D
S T R E E T C L E A N IN G . Princi
STOCK
A R E P A Y A B L E IN G O L D COIN OF
pul payable Not. 1,1916.
-------- K OF T H E U N IT E D S T A T E S OF A M E R I C A . OF T H E
SO L ID A TED STOC
47 C O N _______
THHJ C IT Y OF N E W Y- >RK, P R E S E N T S T A N D A R D OF W E I G H T A N D F IN E
K N O W N AS “ SC H O O L H O U SE
BONDS.”
P rincipal p a ya b le NESS. A T T H E O F FIC E OF T H E C O M P T R O L L
N ov. 1,1916.
E R OF T H E C IT Y O F N E W Y O R K .
CO
N SO L ID A TE D STOCK OF
00
CONDITIONS
T H E C IT Y OF N E W YO RK ,
FOR A C Q U IRIN G L A N D R E- •
Q U IR E D F O R T H E B R ID G E p ro vid e d b y S ection 116 o f th e N ew Y o rk C ity C o n
O Y E R 'i H E H A R L E M R IV E R solida tion A c t o f 1-82, as a m en d ed b y Chapter 103 o f
A T T H IR D A V E N U E , A N D th e Law s o f 1897 :
TH E APPROACHES TH E R E
N o proposal f o r bon d s o r s to c k w ill be a cce p te d f o r
TO . Principal paya ble N o v . 1,
1919.
less th a n th e par v a lu e o f th e sam e.
00 CO N SOLIDA TED ST O C K OF
E a ch bidder m ust d e p o sit w ith th e C o m p tro lle r in
T H E C IT Y OF N E W Y O R K .
FO R N E W B U IL D IN G S, ETC.. m on ey, o r b y certified ch eck draw n t o th e o rd e r o f
FO R T H E D E P A R T M E N T OF th e said C om ptroller u p on a S tate o r N ationa l B ank
P U B L IC C H A R IT IE S . P rin ci
o f th e C ity o f N ew Y o rk , T W O P E R C E N T o f the
pal payable N ov. 1.1918.
00 CO N SO L ID A TE D ST O C K OF am o u n t o f th e proposal, in clu d in g prem ium . N o pro
T H E C IT Y OF N E W YO R K ,
F O R N E W B U IL D IN G S . ETC.. posal w ill he re c e iv e d o r co n sid e re d w hich is n o t a c
FO R T H E D E P A R T M E N T OF com panied hv such deposit. A ll such deposits w ill
CO RR EC TIO N . P rin cip al pay be retu rn ed b y th e C om p troller t o th e persons m ak
able N ov. 1,19 L8.
00 CO N SO L ID A TE D STOC K OF ing th e sam e w ithin th re e days a fte r d ecision as to
T H E C IT Y OF N E W Y O R K . th e h igh est bid d e r or bidders has b e e n m ade, e x ce p t
FO R R E P A V IN G S 1R E E T S
A N D A V E N U E S. Principal pay th e d ep osit o r dep osits m ade b y such h ig h e st bidder
or bidders.
I f said h ig h e st bidder o r bidders
able N ov. 1,1918.
00 C O N SO L ID A TE D STOC K OF shall r e fu s e o r n e g le c t w ith in five days a fte r th e
T H E C IT Y OF N E W YO R K ,
service
o
f
w
ritten
n o tice o f th e aw ard to
FOR L A V IN G W A T E R M A IN S.
Principal payable N ov. 1, 1918. him
or
them
to
pay
to
th e C h am berOO CO N SO L ID A TE D STOCK OF lain o f th e C ity o f N ew Y o rk th e am o u n t o f
T H E C IT Y OF N E W Y O R K .
K N O W N AS " P O L I C E D E the stock o r bonds aw arded to h im o r them a t th e ir
P A R T M E N T B O N D S.” Prin par value, to g e th e r w ith th e prem ium th e re o n , i f
cipal payable N ov. 1.1918.
82 CO N SO L ID A TE D STOC K OF auy. less the am ount d ep osited b y him o r th em , th e
T H E C IT Y OF N E W Y O R K , am o u n t o f su ch d e p o s it o r deposits shall be fo r fe it e d
S I'R E E T A N D P A R K O P E N
ING FU N D STOC K. Principal t o and b e reta in e d b y th e City o f N ew Y o r k as
liqu ida ted dam ages f o r such refu sa l o r n e g le ct.
payable N ov. 1,1918.
OS CO N SO L ID A TE D STOC K OF
T h e C om ptroller, w ith th e app rova l o f th e C om
T H E C IT Y O F I N E W Y O R K .
F O R T H E R E D E M P T IO N OF m issioners o f th e Sinking Fu nd, shall de te rm in e
BOND
ISSU ED w hat, i f a n y, p a rt o f said p roposals shall b e a cce p te d
REVENUE
...................
FO R
THE
P A Y M E N T OF and u p o n paym ent in to th e City T rea su ry o f th e
AW ARD S,
ETC,
IN
THE
F O R T W A S H IN G T O N P A R K am ounts d u e b y th e persons w h o s e bids are a ccep ted ,
PR O C EE D IN G . P rincip al pay re sp ectively, certificates th e r e o f shall b e issu ed to
able N ov. 1.1918.
90 C O N S o L ID A T E D STOCK OF th e m as a u th orized b y law .
THE C IT Y <>F N E W Y O R K .
T h e proposals, to g e th e r w ith th e se cu rity de p o sits,
FO R T H E R E D E M P T IO N OF sh o u ld be in closed in a sealed e n v e lo p e , indorsed
R E V E N U E BO N DS ISSUED
P roposals fo r B on ds o f th e C o rp o ra tio n o f th e C ity
FO R
THE
PAYM EN T
OF
JU D G M E N TS
FO R
T H E o f N ew Y o r k ” , an d th en in clo s e d in a secon d e n
AW ARD S,
ETC.,
IN
THE
velop
e, addressed to th e C o m p tro lle r o f t h e C ity o f
M ATTER
OF
A C Q U IR IN G
T H E SIT E FO R A C O U R T N ew Y ork.
H OU SE FOR T H E A P P E L
For fu ll in fo rm a tio n se e City R e co rd .
L A T E D IV IS IO N OF T H E
S U P R E M E CO U R T. Principal
payable N ov. 1,1918.
00 C O N SO L ID A T E D STOC K OF
T H E ‘ C IT Y OF N E W YO R K ,
K N O W N A S - D OCK B N D S .”
Principal payable N ov. 1, 19:27
T h e resolu tions o f th e C om m issioners o f t h e Sink
ing Fund, exem pting said Bonds a n d S to ck fr o m
loca l taxation w ere adop ted pursuan t to th e au th or
ity o f an ordinance o f th e Com m on C ou n cil a p p roved
A S H B E L P. F IT C H ,
Comptroller.
C IT Y OF N EW Y O R K .
F IN A N C E D E P A R T M E N T —C O M P T R O L L E R ’S
O FFIC E.
J U L Y 15, 181-7.
JULY34, 1897,]
THE CHRONICLE.
Riverside (Cal.) School District,—Bond Sale.—The fol
lowing are the bids received July 10, 1897, by the River
side School District for $10,COO of 6 per cent 8-9-year school
bonds. The bids in each case include accrued interest:
The interest upon these securities will be payable at the
office of the County Treasurer, Riverside, Cal.
Salt Lake County, Utah.—Bond Sale,—The $130,000 o f o
per cent funding bonds o f Sait. Lake County have been
awarded to W . S. McCormick o f Salt Lake City, at 104*®,
The securities are c f the denomination of $1,000 each, dated
July 1. 1897; interest is payable semi-annually at the office
of the Treasurer of Salt Lake County and the principal will
mature in twenty years from date of issue, subject to call
after ten Tears.
Sandusky County, Ohio.—Bond Offering.—Proposals wilt
he received until 1:30 o'clock t> M., July .il, 1897, by John
Fanghoner, County Auditor, for the purchase of $300 o f 6 per
per cent coupon ditch bonds issued in accordance with Sec
tion 4479, Revised Statutes of Ohio. The securities will be
dated August 3 , 1897; interest will be payable semi-annually at
the office of the County Treasurer. Fremont, Ohio, and the
principal will mature at the rate of $50 semi-annually on the
first days of January and July from 1893 to 19C0, inclusive.
Naalt Ste. Marie, Mich.—Bond Sale.—On July 15,1867, the
followirg bids were received for the $18,000 of 5 per cent refunding bonds of this cny.
fiaaMCO
The Lamprecht Bro«,C«*,,€J<eY !>»,?** 20 i 9. A. Kean. Chicago............. i l l
Sphater A Co,. Boston......... 16,578 50 i B. A. A C. 3- 3eie». CMewo... 18,161 00
The bonds were awarded to Dietz, Denison & Prior. The
securitifs will be of the denomination o f $1,000 each, dated
September 1, 1897; interest will be payable semi-annually on
the first days of March and September, and the principal will
mature September 1, 1917,
Bond Offering.—Sealed proposals will be received until 3
o'clock, P. m , August 5, 1897, bv City Comptroller G. G.
Scranton, for the purchase of fi'0,000 o f 5 per cent general
itreet-improvemMt bonds. The securitifs will be o f the de
nomination of $1,000 and dated Augtnt f, 1897 ; interest will
N E W LO AN S.
PER
CENT
GOLD
8 ? S
BONDS
B orou gh
OB Tire
Tow n
of
N EW
, 0 0 0
of
5 -3 0
R i d g e fie ld ,
be payable semi-annually on the first days of February and
August, and the principal will mature August t, 1917. A
certified check for $1,000 must accompany each bid. These
bonds were authorized by an election held on June 14, 1897,
The total bonded indebtedness of the city of Sanlt Ste.
Marie on June 15, 1807, was $179,794 17 ; the assessed valua
tion was $5,307,366, the tax rate (per 1,000) $18, and the
population (estimated) 10,000.
Sedalia, Moi—Bond Call.—All bonds o f the city of Sedalia
bearing date of December 5, 1897, and which are now subject
to call, being an Issue of $178,500, will be redeemed at the
New York Security & Trust Co., New York City, on the
first day of August, 1897. Interest on all of said bonds will
cease on that date.
The official notice o f this bond call mill be found among the
advert isements elsewhere in this Department.
South Bend, la d . — Bowl Sale. — On July 10, 1897,
Dietz, Denison & Prior, of Cleveland, were awarded the
$5,00i of bonds of South Bend, issued for the purpose o f lay
ing new water mains. The amount paid for the loan was
$5,141.
South Hadley (Mass.) Fire District.—Bond Election,—
This fire district will hold a special meeting at 7:30 P. m ,
July 36, 1897, to vote on a proposition to borrow not more
than $10,000 to pay the cost and expenses of protecting the
head waters of Buttery Brook reservoir. If authorized, the
loan will bear interest at a rate of not exceeding 5 per cent
and will mature in not more than ten years from data o f
if sue, and will be in the form of notes, bonds or scrip, as maythen be decided,
South Versailles (Pa.) School D istrict.—Bonds Proposed.
—The South Versailles School District has under considera
tion the issuance o f $3,500 of acbool-houso bonds. Nothing
definite, however, can be stated regarding the matter. It is
possible that the bonds may not be issued, as the authorities
have offers from their own people to advance the money to
build. If issued, the bonds will be currenoy bonds and will
bear interest at the rate of 6 per cent, payable at the First
National Bank of McKeesport, Pa.
N E W LOANS.
0 6 0 , 0 0 0
m
S
B e t h le h e m , P a ,,
4
BONDS.
Tito Ftn*ii^|S©isii».Ksta»#f the
of Beth
C o n n . lehem, P*u, hereby tome* bid# for toe purehaae of
flmitosstii will fee iwestfwd by the Sefetdtmmi of the
Town of fUdgefield until noon. SATURDAY, JULY
Slit, Wmt f or t.h# pttmhmm in wlsoto ojtIn part of
$ 6 0,00 0 Of the GeW liortds of the Town of ILdgefffeMV bmit* wftt fewlists#*! t© tai* up and m f »
dotting indebted*;
to that amount, and are paya
ble to gold ©out. of thwUnited, state# of its psmmnt
HttdtrO of * eight mmi hmmmt, cm this first day of
A u gust. ife-7, or. at the option of mid Town, at any
tHM After til# One dar hf A*gtt*f, I$17. tmmsmt at
the rate of three and one*half per cent, payable to
gold, February let and August h i, at the Merchant*
Exchange national Baato New York City.
The Bctodt will be deiive td on August 8th, 1H87*
at ..the Metth&mm* Kxehmm Nattonal Baah New
Ymk Cttjr, wUm the pnm bid, with mmmM mrnxmZmmt fee paid to the TgemwMttot the Town I f the
bidder,
Prfypc*mi» should im sealed «sd addressed to
l o u r Bttonrr, Webmmm, ftidgeSeid, C&m*. and
marked **Prop#**!# for Bonds ”, ami must fee accom
panied fey * certified eheeii im two (i) per mm of
the mm&mu
the
f, ISO?, when all fold* will b® @b#d«d. Rid* are to*
riti’d for the poroba«e of any or the whole )*»ue, o,
yor fbe whole amount, the- purchaser to take bond*
if nimimi by *aid borough%& fee issued ms
whole, amount to bo sold pretteat to NUPTNUItER
L
Coupon hood# will fee L*sue4 SEPTEHBEE
t, Ido?, in denomination* of $500 and $1,000, payable
*« 5 m Id years, Free of ?«*##, Int#fr*t payable fey
the
iemt-«aodaIIt#! R*F1 RSIRBE i and
MARCli I. The right to teject any or all bid# I#
ret erred.
H. 0- JQMWSk Cbalirman,
TIltMU LAUBACH,
M. K. MirSHELMAK.
ItftUMtoCliiffittMk
VY, IL. M R »r8 s.Tro w « ref-
BO N D C A LL.
E d w ard
New York Savings Banks
and Trustees.
t i ’ «>n
C ity
of
3L-
S p r in g fie ld ,
BONDS
M a s s ,,
Im p ro v e m e n t L oan .
City T uka^uheh’ s Ofeice, city
hall , 1
July 17, 1*97.
f
fn puftuimee of the nuthomy of order# of the City
iVmadl, p«M®d July fi, iso?, nud July 18.1887, the
«Ddrir»ign#d, Treiwurer of th© City, of Springfield,
#111 ftcaftr* until T a cid iiy , Ju ly 2 7 . 1 8 8 7 . At
18 o’ elerk. noi-n, stalod prop»>**n!s for the whole
or any part of the City of Springfield ten year “ impKWttMm ham'* m $ 3 3 .o o o .
The head* forty# k»ap will fee Issued to registered
mitMh-mm of ana Uxoagimd dollars each, or my
laitoWplO thereof, dated August U W . and due
In to years, rl*.: Augutt L 1807, hearing Inter
est at the rate of three and one-half per cent per
aimurii, payable semi-annuadly on the first days of
February and August, Principal and interest pay
able In gold «4te off toe United States of America of
the present afandArd of weight and finoae##, or its
enuirahnit, m the City Troaaurer’s Office, Spring*
Holder# of these certificate*, if they so desire, can
feecirethe semi-annual Interest through the mail
fey cheek, payable to their order.
This loan will fee secured fey a sinking fund, pro.riding for the payment of the same at maturity.
Proposals must include accrued Interest to date of
delivery of bonds. All proposals will be opened in
the Mayor’s Office. Tuesday, July 27, It07, at 18
o’clock, noon, fey the Finance Committee, who re
serve the right to reject any and ail bids.
AM mm proposals to the undersigned* indorsed
‘'Proposals for Improvement Loan.”
E. T. TIFFT, City Treasurer,
Springfield, Mass.
3 1 s .
B o n d s
FOR
ib s t
3 f i , 0 0 0
Sfc’d, Mas*.
SSBAU A . M o,. Ju ly IS, IWT.
P H I L A D E L P H I A
M w rs
LO A N S.
R E G IS T E R E D G O L D
or any part c t the S T 3, 0 0 0 ordered fey
ordinance No, lb. for the purpose of macadamKing
itreeta. BE« wifi fee received by the Tremmrer or
Finance CoatmiM.ee until 18 o’Hook noon. AUGUST
All tmad* &f the City of S«lalla, MRwoorl, bearing
dal# Deoembrnr the Stir* tW , and which are. sow
The ri«bt to reject amy
aft bunH tmerrmi,
subieet to call, being an issue of $17fe,60»), will be re
Stoking fu n d pmrHttm im paym en t a t matnrffcy.
deemed at the New Yore Seoillty A Trust Company,
It i» proposed to umm coupon bonds of the
New York City, on th& Ortl day of August, IM?.
toation &t #1,060,
Interest on ail of said bond# will ©ease tm that date,
The Bond* are Issued tend#? S^etloo i id, Itarrtoed
Slimed.
JOHN M. GLENN,
..Statute# of# CmmmUfmb* toSS, and fey authority of a
City Treasurer.
Town meeting held M y M, IM?,
For farther parttenia** address
$ 6 5 0 ,0 0 0
SELECTMEN OF ttlDOEFIELD.
I n v e s tm e n t
169
a p p l ic a t io n
MEMBERS O F BOSTON A'.’ O NEW - O f '(A
STOCK EXCH A N G ES.
R. L. DAY A CO.,
# # W a t e r S tre e t, Re* to a*
f ffoee a S tre e t, N e w If writ.
C . Jones C o.
G o v e r n m e n t
1 Nassau Street, New York,
#21 Chestnut Street, Philadelphia,
T ow n sen d
W h e le n
&
C o .,
MB W alnut M t .m , Philadelphia.
E d w a rd
I.
m 'N i c i p i l
BOUGH T
JHeh-tfrade W a rrn n u a Spi’clnl*jr
Write tor List.
Xb. 66 Brotulway, New York.
AND
SOLD.
A P F B A I8 B M B S TS M A B B O B Q U O TA TIO N S
KURSnairm i FOR T U B POHCHASK. S A M . QH
E X C H A N G E OF A B O V E S E C U R ITIE S .
R o s e n fe ld ,
S E c n u r iE s ,
and
M u n icipal B o n d s
JUISTS ON APPLICATION.
H .
W .
9
H A R R I S
&
C O .,
B A N li E i t t*,
31 NASSAU BT. (Bunk o f Cotnmerce Bldg.)*
THE CHRONICLE.
170
Springfield, Mass.—Bond Offering.—As stated last week,
proposals will be received until 12 o’clock (noon), July 27,
1897, by E. T. Tifft, City Treasurer, for the purchase of
$85,0C0 of 3}4 per cent gold improvement bonds, secured by a
sinking fund providing for the payment of the same at matuiity. The securities will be in the form of registerfd cer
tificates of $1,000 each, dated August 1, 1897 ; interest will be
payable semi-annually on the first days of February and
August, at the office of the City Treasurer, and the principal
will mature August 1, 1907.
7 he official notice o f this bond offering will be found among
the advertisemen ts elseivhere in this Department.
Snilleld, Conn.— Ronds Proposed.—The town of Suffield
proposes to borrow $3,000 to provide for the improvement of
public reads.
Summerville, Ha.—Bond Offering.—The village of Sum
merville will advertise for bids on or about Sept. 1, 1897, for
$50,000 of 5 per cent bonds. The interest will be payable
semi annually in January and July at Augusta, Ga., and the
principal will mature in thirty years from date of issue.
Syrnenge, N. Y.—Jitmd Offering—Proposals will be received
until 3 o’clock P.M., July 26,1897, by E. F. AlleD, City Treas
urer, for the purchase of $100,000 of 4 per cent school bonds,
as provided by Chapter 751 of the Laws of;1897 and pursuant
to a resolution of the Common Council of Syracuse, adopted
July 12, 1897. The securities will be of the denomination of
$10,000 each, dated July 1, 1897 ; interest will be payable
semi-annually on the first days of January and Jujy at the
Union Trust Co. of New York City, and the principal will
mature as follows : $20,000 in 1901, $20,000 in 1902, $20,000 in
1908, $20,000 in 1904, $20,000 in 1905. Proposals must be for
not less iha»"par and accrued interest.
Temporary Loans.—The city of Syracuse on July 11, 1897,
negotiated a loan of $23,100 with Rogers, Newman & Tolm8n, of Boston, consisting of $15,500, due in January, 1898,
at 2-85 per cent, and $7,600 maturing in October, 1897, at 2 75
per cent. On July 22, 1897, the city placed a loan with Dunscomb & Jennison, of New York, for $15,000 at 2'70 per cent,
maturing December 3, 1897.
N EW
C I T Y
LO A N S.
O F
[VOL. L X V .
Tottenville (S. I.), N. Y.—Bond Offering.—Proposals will
be received until 3 P.M., July 28, 1897, by the Trustees of the
village of Tottenville for $30,000 of 5 per cent water bonds,
bearing the date of July 1, 1897. The securities will be of the
denomination of $500 ; interest will be payable semi-annually
and the principal will mature in 1927.
All bids must be accompanied by a certified check for $500,
drawn upon a bank or a Trust company in the State of N. Y .
' yrorte. Pa.—Bonds Authorized.—On July 7, 1897, the peo
ple of Tyrone vtted in favor of issuing $108,C00 bonds for the
purchase of the Tyrone Gas & Water Company’s plant.
Victor, C ol.-B o n d Offering.—In pursuance of an ordinance
passed and approved March 4, 1897, and sanctioned by the
citizens at a special election, the town of Victor, through
Joseph A. Quinn, Clerk and Recorder, will receive proposals
“ for 30 days from and after the 4th day of July, 1897” , for
$50,000 of 7 per cent gold water bonds. The securities will
be of the denomination of $1,000; the interest will be payable
semi-annually, both principal and interest being payable at
the office of the Town Treasurer of Victor or at the banking
house of Kountze Bros, of New York. The loan is to mature
in not less than 10 nor more than 15 years. All bids must
be accompanied by a certified check for $1,000, drawn to the
order of the Mayor of the town, Edwin D. Ford.
Wadena, M inn.—Rond Offering.—On August 9, 1897, the
city of Wadena will offer for sale $12,000 of 5J4 per cent bonds
to cover expenses of water works and the purchase of an
electric-light plant. The principal and interest on these bonds
will be payable in gold at the City Treasurer’s office, and the
principal will mature at the rate of $1,000 annually, beginning
three years from date of issue.
Waltham, Mass .—Temporary Loan.—The city of Waltham
has negotiated a 6 months’ loan of $50,000 with F. S. Moseley
& Co. of Boston, at 2-69 per cent discount and 25 cents
premium. Ac a-previous offering of this loan, as noted in
last week’s Chronicle, the lowest bid was 2’74 per cent,
which was rejected.
Washburn, Wis —Bond Offering.—Proposals will be re
ceived until Julv 26, 1897, by W. H. Irish, Chairman of the
Town Board of Washburn, for the purchase of $45,000 of 6
per cent gold bonds authorized by the citizens oE the town at
a special election held July 8, 1897. The securities will be
N E W LO A N S.
IN V E S T M E N T S
# 1 5 ,0 0 0
R O M E
C .
4 PER CENT SEWER BONDS.
H.
W H I T E
&
C O ,
BANKERS,
Tow n
o f B lo o m s b u r g , P a ,
ROME, N. Y.. July 16,1897.
31 NASSAU ST., NEW YO R K .
Under authority of Chapter 198 of the laws of i803
the City of Horae will offer for sale at Public Auction
82 00,000 Grand Rapids, Mich............... 5®
4# MUNICIPAL BONDS.
On Friday, July 30, 1897, at ‘2 P. M.
35.000 Bay City, Mich............................. 4g
‘2 1,000 Snginaw, Mich............................. 4s
in the Common Council Chamber In the City Hall, in Proposals for Town Rond* of tli© Town of
75.000 Fall River, Mass......................... 4a
ots not exceeding $10,000,
Bloomsburg, Pennsylvania.
7 0,000 Chelsea, Mass...............................4s
$30,000 OF SEWER BONDS,
7 5 .000 Danbury, Conn ...................
.4*
Sealed proposals will be received until August
The bonds will be registered in the office of the
35,00(1 Far Rockaway, N. Y .................. 5a
City Chamberlain, will be for $1 000 each, and bear 5th, at 7:30 P. M., at which time, at the Council
7.000 Rocklaud Co., N. Y ..................... 5a
interest at the rate of four per cent, payable semi rooms of the Town of Bloomsburg. the said bids will
10 .000 Waterford, N. Y ...............
4s
annually. January 1 and July 1. They will be dated be opened for the purchase of $15,000 FOUR PER
2 5 .000 Berkley, Va...................................6s
CENT
TOWN
BONDS,
or
any
part
thereof,
of
the
July 16,1897, and become due April 15.1921. Prin
5.000 Topeka, Kan ...............................5s
cipal and interest payable at the National Park Bank said Town of Bloomsburg, Columbia County, Pa.,
10.000 Spokane, Wash ...........................5s
issued by the President and members of the Town
of New York.
0,000 Des Moines, Iowa........................ 6s
Successful bidder will be required to pay for bonds Council, pursuant to the provisions of the Act of
1.5.000 North Western Union Ry..........7m
General
Assembly,
approved
April
20th,
1874.
within ten days from date of sale and to pay accrued
10.000 Hereford Ry (Maine Cent.)......4s
The said bonds will mature in twenty years from
interest to date of payment.
‘J 5,000 Rapid Transit Ferry.................. 5s
The act authorizes $240,000. of which f 150,000 have August 1st, 1897, the interest to be paid semi-an
200,00 0 Detroit Railway........
5s
been previously Issued. Other bonded indebtedness nually on August 1st and February 1st of each year,
List With Prices on Application.
not Including *105,( 00 Water bonds, $34,600. Income at the office of the Town Treasurer. All State tax to
from Water-Works, $20,000: running expenses he paid by the Town. Ail bids to be addressed to
A. N. Yost. Town Treasurer, and to be accompanied N e w Y o r k S a v i n g s B a i . k I n v e s t m e n t .
$4,000.
Population, 1890, 14,981; assessed valuation, 1896 with a certified check for at least 2%of the total
amount of the bid. The right is reserved to reject
$ 3 0 0 ,0 0 0
$5,234,495.
any or all bids.
Further information on application.
W.
R.
KOCHER,
K. S. PUTNAM, Chamberlain.
C I T Y O F P O K T L A N D , M E ,,
President of Town Council.
Attest: FREEZE QUICK,
G
O
L
D4s.
Secretary.
NEW LOAN.
Dated July 1, 1897. Due July 1, 1912. Registered off
Coupon. Price on application.
4$ 1 0 0 , 0 O O
A D A M S
C IT Y OF
&
C O M P A N Y ,
ALLEGHENY,
PENN,
4s.
L each
CHICAGO,
100 Dearborn 81.
E.
“>
gi
&
DEALERS IN
B lo d g e t,
FRICK ON APPLICATION.
Farson,
E
.H
.R
O
L
L
IN
S& SO
N
S
,
19 Milk Street. Boston. Mass.
IBANKERS
IN V E S T M E N T
C o ,
NEW YORK,
‘i W all N ,
m
u
n
ic
ipa
l bo
nds.
C. S t a n w o o d & Co.
bankers,
-21 Devonshire Street,
BOSTON.
hIMTE *ENT UPON APPLICATION.
BONDS,
'Members of Boston Stock Exchange.'
N o. 7 C on gress an d 31
S ta te
S treets,
M e r r it t
&
C o .,
BANKERS,
1
6C
ongress Street, B
oston
.
STATE fITTY & RAILROAD BONDS
B
O
S
T
O
N
.
S
A
F
EIN
V
E
S
T
M
E
N
T
S
.
Jam es
N . B row n
&
C o .,
bankers.
Cedar Street,
NEW YORK
MUNICIPAL, COU V, SCHOOL AND
TOWN'S^" BONDS
BOUGHT
’
a'n
D
SOLD.
SE N D F O R L I S T
C ity an d
C o u n ty
B on d s.
D
IE
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N
ISO
N&P
R
IO
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,
35 CONGRESS STREET, - BOSTON.
109 Superior Street, Cleveiund O.
THE CHRONICLE.
JULY24, 1897.]
dated July 15, 1897, and forty w ill be o f the denom ination of
$1,000 and tw enty of $250 each. The interest w ill be paya
ble semi annually, and the principal will m ature at the rate
of $3,350 per ann um , beginning with J u ly 15. 1898, and ending
July 15, 1917, both principal and interest being payable ia
gold at the Illinois Trust & Savings Bank o f Chicago.
W a sh in g to n . H a.—B on d s P rop osed .—T h e city o f W a s h
ington w ill petition the n ext Legislature for au th ority to
issue w ater-works bonds to the am ou n t o f $35,000.
W anseon, O h io — B on d Sale — The follow in g are the bids
for the $22,000 of 6 per cent w ater-w orks bonds w hich were
sold on July 19, 1887, to Seauongood and Mayer o f C in cin n ati,
Ohio, for #23.127 50:
ST
A
T
EA
N
DC
IT
YD
E
B
TC
H
A
N
G
E
S.
W e subjoin reports as to m unicipal debts received since
the last publication o f our S t a t e a n d C i t y
of information additional to those given
and of interest to investors.
o f Lockport has been corrected to June 15, 1697, by an official
The securiiien w ill be o f the deooiDi nation o f $1,000 each;
intercut will be payable ann ually on the first day o f Septem
ber a r d the principal will mature at the rate o f $1,000 per
annum from September 1, 1903 to 1924, inclusive.
W a jn e sb o r o n g h , Va . —B on d Metes. — This city has under
consideration the issue o f $10,000 o f water bonds. W e are in
formed bv Mr. J. F . W illson , Treasurer of the city , that the
bonds will in all probability tie sold to local buyers.
W est H a rtfo rd , Conn . — T em porary L o a n .— W e
are in
form ed by the Tow n Treasurer that W e s t H artford w ill issue
several short tim e notes in anticipation o f an assessment,
W ilm in g to n , N. C, — T em porary L o a n .— T h e city o f W i l
mington has negotiated with banks of that city a four m onths
loan, authorised by the Board of A ld erm en , for $20,000, at the
rate o f 6 per cent.
W inchester, Mns * .— T em porary L oan .— The town Treas
urer o f W inchester has placed a loan for $20,000 in anticipa
tion o f the collection o f taxes.
W n rU b o ro , N. y .— B on ds A u th o rized .— The people of this
town have authorized the issuance o f bonds for a gravity sys
tem of water works estimated to cos' $7,000.
H
IG
H
-G
R
A
D
E
report to the C h r o n ic l e from T . N . V a n V alkenbu rgh, C ity
Clerk.
This city is situ ated in N iagara County.
LOANS—
When Due. tuterest payable at Cttv Treasury.
raii . uo.vo Bonds—
Bondedaelit June l , 1897.$203,291
7 d, J.VJ. $40.000.......Jan. t, 1898 Sinking fund June 1, ’97.
40,000
{$10,000 due y'rly) to Jan. 1,1901 Net debt June 1,1897. .. 168,291
Watku BONOS—
Tax valuation, real.........6,433,530
3'aa. MAN. $20,066..Nor. 1,1897 Tax valuation, personal. 373.470
i$2,06*1 07 yearly) to Nov. 1, 1900 Total valuation 1896___6.807,000
Union School Bonds—
State andCo.tax t|>or$l ,000).$7"-‘ 4
3*->a. MAN.$120,000 . Nov. 1. 1902 City tax (per $ 1 ,000)...............12-92
1$ 10,000 iluejr'rty) to Nov. 1, 1913 Population in 1892 was___16,088
3i**,MAN.
$ 5 ,0 0 0 . Nov. 1. 1914
In addition to the alio VO the city has a debt of $181,892 37 for
local Improvements, which Is payable by special assessment. The city
owns $10,000 worth of stock of the Lockport Hydraulic Co.
M o n tp e lier, Y t .— The follow in g financial statem ent o f the
city of Montpelier has been corrected to J u ly 1, 1897, by
means o f an official report to the C h r o n ic l e from
LOANS—
When Due.
Railroad A id Bonds—
Is, JAJ. $10,000 .......Jan. 1, 1911
(8ub|eet to call after Jan. 1, 1890.)
Watku Bonds—
1«, JAJ. $16.000___ July 1, 1904
(Subject to call.)
Is, AAO. $30,000 . . . Apr. 1. 1914
(Subject to calf.)
•ml t il New l o t l t a d .
U nited
S ta tes
W H A N N & S C H L E S IN G E R ,
M U N I C I P A L
B O N D S .
IN TI1K C IT Y
OK KKW
KKW Y O R K .
Iflutied under an d con trolled by art o f the U nited
't o i i f t o u .
Population. IDA4M.
A«wm*c.|
value, H I,M O .w ?. f>e**t Mms than 3 per ren t. W e
reaanl •'iually •truug me
o f th e G overnm ent.
DUB 10-30 ANDJJ0-30 YKAKrt.
Price and particular* ap*>n application.
M
A
S
O
N
,L
E
W
IS&C
O
.,
BANK BUS,
BONTOS i W orthington Bldg., 31 S u l , Hi.
CHIC A 440. 171 I.a Hall. Hi
&
S on s,
BAKEKRH,
D E A L E R S IN M U N I C I P A L B O N D S ,
Street Railway Bond*, and other hUtb-yrade tnvdM nenta.
BOBTOff. MA8A.
Cleveland, Ohle,
7 Bxcbanee Ploee.
31 1-313 Naperlar Ht.
CabU Addrtmm. "KMNNMTM."
N
O
WR
E
A
D
Y
.
E a n d -B o o k o i R R . S e c u r it ie s .
Hl’ B l'lA I , F E A T U R E
Y
early R
an
ge of P
rices
F ro m 1891 to J u l y 1.1897.
o m c ik t l
flKOKtJR II. lirK K O Illla,.......... I’ rr.ld m i
C. P. KKALKKili ................. ................. Merretary Price In Light Leather t'ovrr*.
- SI <10
A. WltKKLWRKillT................ Assistant Secretary
73
WILUAM T. HTANDKN........................... Actuary To Habecrlbern of the Chronicle,
ARTHUR C. PRHKY.....................
Cashier
JOHN P. MUNN..... .
............Medical Director
rtkANCi coMMims;
ORO. ti. WILLIAM.**...........Pro*. Cbsm. Mot. Bank
JOHN J. TUritRK...................................... Builder
SPECIAL HATES FOR QUANTITIES.
K. H. PERKINS. In.. Pres. Imp. A Traders' Not. Bk
JAMKH 1L PLUM.................. *................Leather
3 | n 0 iu c c r s .
T e r r ito r y o f N e w M e x ic o 5s,
H ayes
M IS C E L L A N E O U S .
YORK.
wimhiny <o
roprosem i thim C om p a n y, m a y c o m m u n i
cate urtih the C rr*ida n$,a tlh c H om o
Office, JtH H rm tdway, S ew York.
9 1 5 5 ,0 0 0
J.
Population In 1890 was.........4,100
Population In 1897 (est.)___6,000
Life
A r t fee a n d Rucoommful A y n t * ,
W .
Assessment about :U actual value.
Total lax (|«tr $1,000) *90. .$15*00
1897.
All pallet** nnw U .ucd by thU Company
contain tb* tallowing c ln iw i i
••After on* y*nr from lb* dntr of laanfs
R u d o t o h K l e v b o lt e & C o .,
Ibr liability of lb* Comptny under Ibln
BASK BU S,
policy oball nol be disputed."
••This policy contalno no rooirlcilon
X. W . ( or. 3<l Sc Witluut B it.,
w hatever upon Ibe Insured, In rr*p*ct
Cincinnati. Ohio.
either o f travel, residence or occnpatlon.**
11 and 13 Wall Hi, and
All llea ib Claim* paid W IT H O U T DIH.
47 Exchange Finer. X. Y. City#
COUNT no Mon no *oiI-factory proofs bavf
MHTH 9 U IL B O V FOX APPLICATIO N. been received.
W A L L MTKBKT,
Bonded debt July 1,’97 .. $86,000
Floating debt...................
34.939
Total debt July 1 .1 8 9 7 .. 120,939
Tax valuation 1897;....... 3,800,289
In su ra n ce C o .
I.re* I Investments for Savings Bank* la New York
i
G eo. H .
Guernsey, Mayor.
1850.
T h e
Population 1890 was.......... 16,038
District School Bond*—
Population 1880 was.......... 13,522
4 V.S.MA X .#11.025Nov. 15/97 to‘99
$3,875 duo yearly.
M IS C E L L A N E O U S .
BONDS.
in th e S u p p l e m e n t
Lock p ort, N. Y .— Chas. Peterson, M ayor. J. C . H arring
ton, Treasurer. The follow ing financial statem ent o f the city
W. Harris A Co^ Chicago.*-.34.4x5 <■->
Parson. I.each A Cot. Chicago -'l.l.fl oo
The Ijtmprwht Bn**. Co..
C4.3S4 00
C levelan d................................. 25,OHflOO Bank of Wanse<>n
People's Bank.. WMMeun. ... Jp.OIOOO ] SfHtxer A Cou. Toledo .......... 24.211 00
l nets, Ihminon A Prt»*r. Cleve. 24,1*27 50 W. Hinton A Co- Cincinnati. 23.731 00
Rudolph Kleybotte A CV».,C1n. 24.917 00 Mtntflel-l Savinas Bank....... 23.111 00
Allas Nat. B*nk. Cincinnati. 24^*00 Fred. T. Bristow. Mansfield . •2.412 wo
W. J Hays* A Son*. Clcvel'd '4.746 00 K. H. Gay A Co.. Boston .... 1115 00
Mason, Lew
aao. 24.603 00 t
• We judge this to be a premium. * Xot In words or figures.
The following partlee bid without enclosing a certified check: B. A. Kean and
B A. Setu A Co.. both of Chicago. A bid was also received from the First
National Bank of Columbus, bat was conditional.
_ ___
.
Stele, Municipal. County, School
Supplem ent.
Some o f these reports are w h o lly n ew and others cover item s
on g o o d A Msy**r. C ln ctn .ft4.l2 7 60 I X.
IN V E S T M E N T S .
171
F .
J .
P i c a r d ,
C O N IV L T I N G
C O L U IB IS ,
O sgood ,
M. AM. 80C. C. E„
140 BROADW AY, NEW YO R K .
REPORTS OK INVESTMEKT PROPERTIED
Railroad Location and Ccn,traction.
P1IK
C U B O S IC L E
S T ., N . Y .
O H IO .
KKKKKKM KX 8BNT.
O .
7 0*i P IN E
E H G I I E K R
Examination, and Report, Made foi
Banker, and Investor, of Railroad, Coal
Mining, Oil and Electric Propertiei*
Jos.
W
IL
L
IA
MB
.D
A
N
AC
O
M
P
A
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Y
HAI.B.
V O L E N E I.
WILLIAM B. DANA COMPANY, TD), ,MM 8I_, H.y
B
a
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ka
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dT
rustC
om
panyStocks
N
ewY
o
rka
n
dB
rook
lyn
BOUGHT AND SOLD,
C L IN T O N
9 W ALE 8 T„
W M .
G IL B E R T
NEW Y O R K .
FRANKLIN
H ALL,
A cco u n ta n t
K iC " '
B
O
S
T
O
N
,M
A
S
S
.
Books Audited. Examinations and Invettigationa
conducted with ths utmost tars and efficiency.
THE CHRONICLE
172
£ v u sl
U n ion
T ru st
C om p an y
U nited
[VoL. LX V
© u m p a u ie s .
S ta te s T r u s t
C o.
A M E R IC A N
CAPITAL AND SURPLUS,
80
B road w ay,
N ew
Y ork .
VA IT T A L ,
$ 1 ,0 0 0 ,0 0 0
SURPLUS,
$ 5 ,3 1 3 ,0 0 0
AUTH01UZE1> TO ACT AS
Executor, Administrator, Guardian,
Receiver or Trustee,
and
is
A LEGAL DEPOSITOEX FOE MONEY.
A C TS A S T R U S T ® # OF M O R T G A G E S OK
C O R P O R A T IO N S and accepts th e tran sfer agen cy
and registry o f stocks.
A L L O W S IN T E R E S T ON D E PO SITS , w hich m ay
be m ade at any tim e, and w ithdraw n on five days’
notice, w ith interest fo r the w h ole tim e th ey rem ain
w ith th e com pany.
F or the con ven ien ce o f d ep ositors this com pan y
also opens C U R R E N T ACCO U NTS, su bject, in ac
cordance w ith its rules, t o ch eck at sight, and allow s
Interest upon the resulting daily balances. Such
cnecks pass through the Clearing H ouse.
A tten ds specially to the
$11,500,000.
T h is Com pany is a legal de p o sito ry fo r m oneys
paid in to Court, and is authorized t o a c t as Guardian,
T rustee o r E xecu tor.
INTEREST ALLOWED
TRUSTEES.
Samuel Sloan,
Charles S. Sm ith, W . W ald. A sto r,
I). W illis Jam es, W m . R ock e fe lle r,J a m e s Stillm an,
Jo h n A . Stewart, A lexan der E .O rr,J o h n Clattin,
J. H . R h oades,
W m . H. M acy, Jr.J oh n J. Plielps,
A n so n P. S tokes,W m . D . Sloane, D aniel Jvord,
Joh n C. Brown, G. H . Schw ab,
Joh n 8. K ennedy,
Edw ard Cooper, Fran k Lym an,
D . O. M ills,
W . B. Cutting,
Geo. F . V ietor, L ew is C .L e d y a rd
C O N T IN E N T A L
and to the collection and rem ittance o f rents.
It, m akes am ple provision in its
BURGLAR AND FIRE PROOF VAULTS
fo r th e safe-k eep in g o f securities placed in its cus
tody, on w hich it collects and rem its incom e.
E D W A R D K IN G , President.
C O R N E LIU S D. W O O D ,
)
JA M E S H . O G IL V IK .
VV ice-P residen ts.
AU G U S TU S W .K E L L E T , )
J. V. R. T H A Y E R , SecretaryE. R. M E R R IT T , A ssistant Secretary.
C. C. R A W L IN G S . T rust Officer.______________
N ew
Y ork
T ru st
4«
S e c u r ity
C a p it a l,
&
C om p an y,
W ALE. S T R E E T , N E W
ON DEPOSITS
w hich may be m ade at any tim e an d w ithdraw n
a fte r five days’ notice, and will be en titled to inter
est fo r th e w hole tim e they m ay rem ain w ith the
Company.
E xecutors, A dm inistrators, or T rustees o f Estates,
R eligiou s and Ben evolen t Institutions, and in d ivid
uals, will find this Com pany a con ven ien t depository
fo r m oney
JO H N A . S T E W A R T , President,
D. W IL L IS JA M E S, V ice-P residen t.
JA M E S S. C L A R K , 2d V ice-P residen t,
H E N R Y L. T H O R N E L L . Secretary.
LO U IS G. H A M P T O N , A ssist. S ec’ y.
MANA OEMENT OF REAL ESTATE
¥OBK‘
81,000,000 I Surplus, 81,230,000
C H A R L E S S. F A IR C H IL D , P resident.
W U . L . STRO N G , 1st V icc-P re s.
A B R A M M . H Y A T T , 2d V ic e -P r e s .
O S B O R N W . B R IG H T , S ecretary.
T R U S T
30 B R O A D S T R E E T .
C A P IT A L ..............................$ 5 0 0 ,0 0 0
SURPLUS............................... 350,000
O T T O T . B A N N A R D .........................................P resident
W IL L IA M A L E X A N D E R S M I T H ... 1st V ice -P re s ’ t
G OR DO N M A C D O N A L D ...2d V ic e -P r e s ’ t an d S ec’ y
H E N R Y E. D A B O L L ...................A ssistan t Secretary
Designated by the Supreme Court ne a
Depositary lor Court Moneys.
Interest allowed on Deposits.
Executes all Trusts.
TR U S T E E S
W illiam Jay,
R obert W . D eF orest,
A lfr e d M. H o y t,
Giraud Foster.
R u d o lf E. F. Flinsch,
G ordon M acdonald,
R o b e rt S. H olt,
G ordon N orrie,
H enry M . Taber,
A . L a n fea r Norrie,
O liver ITarriman, Jr.,
W illiam F. Cochran,
W m . A lexan der Sm ith,
W alter Jennings,
R o b e rt O lyphant,
W illiam A . H azard,
W . Seward W ebb,
Frank I I. P latt.
O tto T. Bannard.
T ren or L. Park.
TRU STEES
M. C. D . B orden,
C. 8. Fairchild,
W . II. A p pleton , B. A y m a r Sands,
W m . L . Strong, Jam es J. H ill,
E. N. G ibbs,
W . F. Buckley,
K. R. Coudert,
8 .G. N elson,
Jam es Stillm an,
■dw ard Uhl,
M a n h a tta n
Jam es A . Biair,
J. G. M cCullough,
H . H oagland,
J. W . Sterling,
II. W alter W ebb,
Jo h n A . McCall.
T ru st
C o .,
W A L L S T R E E T , corner N ASSAU S T R E E T .
CAPITAL..........................................*1 ,0 0 0 .0 0 0
Aut.horiy>ed to a c t as E x ecu tor, A d m inistra tor,
G uardian, R e c e iv e r , o r Trustee, and is
A L e g a l D e p o s it o r y f o r M o n e y .
Trustee o f Mortgages o f C orporations, and T ran sfer
A g en t and Registrar o f S tock s and Bonds.
I n t e r e s t A llo w e d o n D e p o s it s ,
su b ject to ch eck through New Y o rk C learing-house.
JO H N I. W A T E K B U K Y , President.
A m is i f F r e n c h ,} V ice-P resid en ts.
Chas. H. Sm ith, S ec’ y . W. Pierson H am ilton , Treas.
Thos. L . Greene, A u ditor.
D irectors, 1897.
A u gust Belm ont,
Joh n ICcan,
II. W. Cannon,
Joh n H ow ard Latham ,
A. J. Cassatt,
John G. Moore,
R. J. Cross.
E . D. R andolph,
Rudulph E llis ,
James O. Sheldon,
A m os P. F rench,
Samuel Thom as,
John N. A. G risw old,
E dw ard Tu ck,
H . L. JH gginson,
John I. W aierbury,
W. i ‘. H am ilton,_________ R. T. W ilson,
R h od e
Is la n d
T ru st
H o s p ita l
C om p an y,
P R O V ID E N C E ,
JR .
I.
Capital...81,000.000 I Surplus....8750,00®
D IR E C TO R S.
Christopher Lippitt, IIo ra tio N. Campbell,
Royal C. T a ft,
R .b e r t K night.
R ob t. H . I. G oddard, Joh n W . Danielson,
G eo. W . lL M atteson, H erb ert J. W ells,
W illiam D, Ely,
John C. Pegram ,
Robert- L G am m ell,
L ym an B. Goff,
W illiam Binney,
E u gene W . M ason
W illiam B. W eed en , G eo. G o rd o n K ing
H ow land H azard,
H owland G. H azard,
Edward D. Pearce.
L u cian Sharpe.
H E R B E R T J. W E L L S , SA M ’L R . D O R R A N C B .
President,.
V ice-P resldam
E D W A R D S. C L A R K ,
W M . A. GAM W ELL,
Secretary.
A ssistant Secretary,
h e
S
t a t e
100
T
r u s t
C
C A P IT A L ,
S t lt P L O S ,
-
.
.
.
$ 1 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
m oneys paid Into C ou rt and
E x ecu tors, G uardians and
.
.
A legal de p o sito ry o f
fo r A d m in istra tors,
Trustees.
IN T E R E S T A L L O W E D ON D E P O SIT S .
T ru stees un d er M ortgages, T ra n sfe r A g e n ts and
Registrars o f Stock.
B O A R D O F D IR E C T O R S .
Chas. Francis A d am s, 2d. Sam uel L ittle,
Oakes A . A m es.
S. E. Peabody,
Edwin F. A tk in s,
Francis P ea body
Isaac T . Burr,
A lb e r t A . P op e,
Sam uel Carr,
N. W . R ice,
F. G ord on D exter,
R . E. Robbing,
D avid P . K im ball
W . B. Th om as,
H e n ry D. H yde,
8. E N D IC O T T P E A B O D Y , President.
N. W . J O R D A N , A ctu a ry .
E. A . C O F F IN T reasurer
O L D
C O L O N Y
ALLOWS INTEREST ON D AILY BALANCES 8OBJECT
TO CHECK
TRUSTEE UNDER MORTGAGES. TRAN8FKR AGENT
REGISTRAR
B O A R D OF D IR E C T O R S :
T . Jefferson C oolidge, Jr., President.
O liver A m es,
W a lte r H un n ew el!,
C. W . A m o r y ,
W . P o w e ll M ason,
B. P. Cheney,
G eo. V . L. M eyer,
T . Jefferson C oolidge,
L a u re n ce M in ot,
Chas. E. Cotting,
R ich a rd O luey,
G eo. F. Fabyan,
H e n r y R . R eed ,
G eo. P. G ardner,
N athaniel T h ayer,
H e n ry S. H o w e ,
Stephen M . W e ld ,
H e n ry C. W e sto n .
T . J e f f e r s o n Co o l id g e , J r ., P resident.
C. S. T u c k e r m a n , Vice-Preset and Treas.
G eo. P . G a r d n e r , Go r d o n A b b o t t ,
F r a n c i s R. H a r t , Vice-P residents
E. A . P h i p p e n , Secretary and A ss’t Treas.
J o s e p h G. St e a r n s . A ss’t Secretary.
o
.
M a r y la n d
BROADW AY.
C a p ita l a n d S u rp lu s ,
.
.
C A P IT A L ,
$ 1 ,0 0 0 ,0 0 0
SU R P L U S ,
1 ,0 0 0 ,0 0 0
Transacts a General Banking Business.
OF THE CITY OF NEW Y O R K .
T
T R U S T
C O M P A N Y ,
B O S T O N , MASS.
T R U S T
C O M P A N Y .
BOSTOJV, M ASS.
C O M P A N Y ,
Z E L A H V A N L O A N . A sst. Secretary.
A u th orized t o a ct as ex ecu tor, trustee, adm inistra
tor, guardian, agent and receiver.
R eceives deposits su b ject to sight drafts, allow ing
Interest, A legal depository fo r c o u r t an d trust funds.
A designated depository f o r the reserve o f State
franks. A c c o u n ts o f banks and bankers solicited * . .
L O A N
-A N D -
N os. 4 8 A 4 7 W A L L S T R E E T .
OF M EW Y O R K .
$ 1 ,8 0 0 ,0 0 0
Acts ns Trustee, Registrar, Transfer and
Fiscal Agent of Corporations, and as Ex
ecutor, Administrator, Trustee, Guardian
ami Committee of Estates. Legal Deposi
tory for Court and Trust Funds. Takes
full charge of Real and Personal Estates.
Interest allowed on Deposits.
F R A N C IS S. BAN GS, President.
W . L. T R E N H O L M , ) V ice -P re sid e n ts
W M . A . N A SH ,
S v ice -u re sia e n ts.
M A U R IC E S. D ECK E R , Secretary.
H . M. F R A N C IS , Treasurer.
H . B . B E R R Y , T rust Officer.
T R U S T E E S.
W illis S. Paine,
H e n ry Steers,
H en ry H . Cook,
G eorge W . O uintard,
Charles R. Flint,
F orrest H . Parker,
W . L . Trenh olm ,
Charles Scribner,
W illiam B. K endall,
Charles L . Tiffany.
W a lte r S. Joh n ston , G eorge W . W h ite,
Joseph N. H al lock.
P ercival K nauth,
E dw in A . M cA lpin ,
Francis S. Bangs,
A n d rew M ills,
Francis L yn d e Stetson,
W illia m A . Nash,
Th om as A . M cIn tyre.
G eo. F oster P ea body, Edward E. P oor.
J. D . P robst,
A n son G. M cC ook.
T r u s t C o .,
CORNER SOUTH AND GERMAN STS.
B A L TIM O R E .
CAPITAL, 81 ,0 0 0 ,0 0 0 .
A
L E G A L D E P O S IT O R Y F O R C O U R T A N D
TR U ST FUNDS.
A c ts as Finan cial A g e n t f o r States, Cities T o w n s,
R ailroads and o th e r C orporations. T ran sacts a gen
eral tru st business. L e n d s m on ey on a p p roved s e
cu rity. A llo w s in terest o n special deposits. A cts
as T ru stee un d er M ortgages, A ssignm ents and
D eeds o f T ru st, as A g e n t fo r th e T ra n sfe r o r R egis
tration o f Stocks and B on ds, and f o r th e paym en t o f
c o u p o n s in terest an d dividends.
J. W IL L C O X B R O W N , P resident,
L L O Y D L . JA C K SO N , F irst V ice-P residen t.
H E N R Y J. B O W DO IN, Second V ice-P residen t#
J. B E R N A R D SCOTT, Secy. & Treas.
D IR E C T O R S :
W m . A .M arbu rg, L lo y d L .Jackson , W .H . Baldw in,Jr
Josh u a L everin g
H . A . Parr,
F ran k Brow n,
C layton C. H all, Jam es B on d,
A le x . B row n,
J. W ilc o x Brow n, J. D. Baker,
13. J. B ow doin ,
J o h n B. G arrett,
L e o p o ld Strouse, B. N. Baker,
Basil B. G ord on, F re d ’ k W . W o o d , F. M. T h leriot,
H e n ry W alters, Fred M . Colston, F. S. B angs.
W . B. Brooks.Jr., A n d rew D. Jones, Doug. H .G o rd on
M is s is s ip p i V a lle y
G U A R D IA N
T ru st
S E C U R IT Y
T ru st
&
D e p o s it
C om p a n y,
Com pany,
BA LTIM O R E.
N . W . c o r . 4 t h & P i n e S t s ., S t . L o u is , M o .
G eneral Banking and Trust B usiness. B ecom es
T ru s te e under M ortgages or D eeds o f Trust. F in an
cial o r T ran sfer A g e n t f o r States, Cities o r Corpora
tion s, et 3., etc. Pays interest on D eposits.
E D W A R D S T A B L E R , JR., President.
W M . M . B Y R N . Secretary and Treasurer.
D A N IE L M IL L E R , J o N . K . T A Y L O R , V ic e -P es’ ts
E x e cu tiv e C o m m itte e : W m . H . B osley (John 8.
Gittlnga A C o.), Ch irm an, G eorge B. Baker, H en ry
C. M atthew s, Jo h n L. Blake, Francis A . W h ite , Matt
C. F en ton , L ew is A G usdorff
Capital and .Surplus.................... $3 ,000,000
M e tr o p o lita n
T ru st
C o .,
O f th e City o f N ew Y o rk ,
and 39 W all Street, New York.
Paid-up capital................ ............81 ,000,900
Surplus........................................... 1,000,000
D esignated as a legal depositary b y o rd e r o f
Suprem e Court, R e c e iv e deposits o f m o n e y on in
terest, a ct as fiscal o r tran sfer agent, o r tru stee f o r
corporation s, and acce p t and e x e c u te any legal trusts
fro m persons or corporations, o n as fa v o r a b le term s
a s o t h e sim ilar com panies.
T h om a s H ill house. Pres. Fred’k D. Tappen, V.-Pres.
C. M. Jesup, 2d V .-P res.
B ev erly Chew, Secretary.
R a ym on d J. Chatry A saiitan Secretary.
U N D E R S T A T E S U P E R V IS IO N .
d e p o s i t e d with State officer to
p r o t e c t trust liabilities.
A G E N E R A L T R U S T C O M P A N Y B U SIN ESS.
A llo w s in terest on D eposits.
A u th o rize d t o a ct as E x e cu to r , G uardian. R eceiver,
T ru stee, etc. M anages Estates. C ollects Rents.
B e co m e s Surety on all kinds o f C ou rt Bonds.
H a s Safety D e p o sit V a u lts ; a Savings D epartm en t
IN V E S T M E N T S E C U R IT IE S A S P E C IA L T Y .
D IR E C T O R S .
Charles Clark,
Jam es Cam pbell
Chas. H . T u rn er, J. T . D ru m m on d , A u g u s t G ehner,
W m . F. N olker. S. E . H offm an,
Julius S. W a lsh ,1
T . O’ Reilly,M . D., D. W . Carutai,
W illla m s’n Bacon
S am .M .K enuaid, W . G. B o y d ,
B reckinr’ geJ o n es
A ug. B. E w in g
W m .D .O rthw eln, H e n ry H itch co ck <
E lm er B . A d am s, G eo. H . G oddard, R o lla W ells.
O F F IC E R S .
J u l i u s S. W a l s h , President.
B r e c k i n r i d g e J o n e s , 1st V .-P . and Counsel.
Sa m u e l E. H o f f m a n , S e co n d Vice-P res.
D e L a c y C h a n d l e r , Secretary.
J a m e s E. B r o c k , A s s t. Secretary.
FREDERICK ViERLlN Q. T ru st Officer
$2 00,000
@FedFRASER