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QuotationSupplement
StreetKailwaySupplement(^$
investor Supplement(Q
uartet StateandCitySupplement
0
(m nw $
1
{Entered aooorOlcu? to Act o f Conxe««Ji, In the year 1307, by the Wii.u am B. D m OJMP iirr, to the offloe o f the Librarian of Oongreai.
V 'O L . 6 5 .
3
S A T U R D A Y ,
J U L Y
p*£(Chronicle.
P U B L IS H E D
3 1 ,1 8 9 7 .
N O . 1 ,6 7 5 ~
K-eck »n4bw July M.
oitannm at—
W EEKLY.
N&mform,
T e r m s o f S u b s c r ip t io n — P a y a b le In A d m n c * :
1000.
. ....
Phii*4#>pbl*. ...
wjm.m
B i t t H N - o ...
European Subscription (inuliutlae po*to«oi....................... 12 OO
Buffalo.......... .
Eiiropaau Sabseriptiou Sis M o artu (lnehuUng postage).
7 <h>
Washington ...
A nnual iSiibsoriptlou in London (ineinding postage)— 8 t to*.
Koch#»t«r...... .
S is Mo*.
do.
do.
do,
___ k l 10*.
T h e IsrveeTOB*' 8s rm .E M * X T w in ise furnished trirtouf totj>« charge 8enHaaB.w«.....
o every annual subscriber at Siia O o u VEHeiAL a si) F c u XC i a l Wilmington.....
BiDifhnsotOfi ....
16.SUMQ
6,m
F o r One Y ear............................. .............................. ............ . . . 810 r o
Wm
■
i........ .. ............. ................ ................
aaostici,*.
Totmt man*..
T h e S t a t e a w O rrv S i n w t x u x r r w ill also be furnished without
s/racharge to every subscriber of the C m k o m QUL
....
Th e ftraae r S u l # a t S c m .s w e s rr w ill U k e w l«' be fam ished o-UAowl extra charge to every snbecriber of the OXBtMflcw
Tin* O g o t a t i o h S a p p u ta a g r, burned moaUiSy. w ill also be fnralabed K#w tSfctta.
tpnmma.
without extra charge to every subscribe*) of tne OttiloSIci-ic.
W&ttmt*r«
File cover* to»M fa**ls month*' t**oe* or xpeejat ole rover* tot Sup■Artmm a..,,....-.
piemens* are sold at 50 cent* each ; pottage on the Mine Is 18 cent*.
'skit m*w
T e r m * o f A d v e r t is in g —<P e r Inch s p a c e ).
h*«w 8#4 for<5......
One time...... .............
S3 30 i Three Months (13 UmeeL.023 00
O at Month
tl
11 OO j Six Month*
(20 •
43 00
Two Month.*
(8 "
»..18 0 0 1Twelve Month* (52
*•
68 00 emmg®...**».
Oi&ctoMtta*.******
(T h e a b o v e te rm * t o r o n e m o n th a n d u p w a r d a r e f o r t U n d ln c e a r l* .)
Datroit...............
C ia Y « i# a 4 ............
London A g e n ts :
.......
Messrs. E owabo * & Smith, 1 Draper*' Oardan*. E. <X, will take sub
s e r ip t l o n * a n d a d r e r t l t e m e n t * , a n d # u p p iy t i n g l e c o p i e s o f t h e p a p e r
at U . each.
W l b L I l d It. I I I H *(»>» I ' l M , I b . M W i r r , ,
P in * S t r e e t, C o rn e r o f t* e « rl s tr e e t .
Post o m e t Box 958.
T«U d a •*«* «**•«.
Qt%m
K,---- . .. . . .
l^xUurtoo. ......
x c w YORK.
AAruo
Si*T City............
O L B A R IN O
HOUSE
K o e k fy n t,..............
* B iie « s « i4 . O hio.
R E T U R N 'S .
Canton...... ......... Tot. M IA W«*l*r
The following table, made up by telegraph, eto,, indicate*
that the total bank clearing* o f all the clearing bouses H»n Frsnewoo..,
of the Unite.! State* for the week ending to-day, July 81, a*i* r.**«cur..
p.mtoBu.........
hare beets t l ,« 8 9 A « ,m against *!.<i7«,*J9,Sti) last week and I*:-*
A ttire !* ,.. . .
f835.9OT.iKM the corresponding week o f last year.
J'mtu,ft.
OuaxatvoA
Returni tn lUOlragh,
K «w f « k
- --------...
Boston
—
----- - ..—
PbUwisIph}* ™ . . .. . . . .
B*mra*>r» ... ... .... .....
Chim^o . . . . . . . . . __ ........
M.%0m% . ...*
......
S T»» O r !« » :«
....
. ..
Mvvva eiltw*. a, to rs
Other citlss. S *»y« ,
....
To t *1#11
$4»t-a
All etO«», i >t»y______ . . . __ _
Tutsi *U eltie* for
m.~k
1SW
ft. O n
StOOX Fftlii . . ,
.
Total Piwsdo
W * T .H # 7 M
lUMtjm
w iM W
!S7,7S(,iSj
+43-1 k » « u c a r ...
Mmjwwp o .u .-.
+ 16-8
UP*6i...... ...
+3-7 %
4-33*8 rd*Yfiiaoft.... . ..
•47*8 St..jmmtfii ... ...
timMoinm.......
433*1 Stottx
-21-5 iAutm
i®,*:»■»# , .,: ■
WlaUrtt*.,.........
4*1-7
418 5 efiSSfra-::::::::*:
i?MUair«.,. ... - ■
Tat. oth«r w«*»
+a»-8
s9'0
Lorn*,..... .,..
*1.0*9.51 e.*#8
S425.Sl07.8t4
425*9
i2, nt.mm
It . 351,504
«7,S?« 726
te.flis.aio
t.iio.99*
im ,ii« .» 7
U M JW S
mxm.m*
40.971.90S
1©.-O76.03l
«3,aio.»30
ij.uos.ins
5,233,404
U 0,l|79,4«
'
Sew Qtimn*. ....
TaOOIhyIIIi&t,.., ... ■
0 * i j r « a i ....
The full details o f clearing* for the week covered by the Hoa^tno____...
a b o v e statement will be given next Saturday. We cannot,
o f ooorse, furnish them to-day, bank clearings being made
ap by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hour. of the week
have to beinaii cases estimated, as we go to p s s Friday night.
We present below our usual detailed figures for the pre
vious week, covering the return* for the period ending with
Saturday noon. July 24, and the results for the corresponding
week in 189*5. 1898end 1894 are also given. Contrasted with
the preceding week, there is an increase in the aggregate
exchanges of about <welve end three-quar ers iniliion dol
lars. and at New York alone the gam is thiny-nine
millions. In comparison with the week of 18911 the total
f o r the whole country shows an ircrease o f 18'2 per cent.
Compared with the week of 1895 the current returns record
a gain of 18-7 per cent, and the excess over 1894 is 4.V8 per
cent;. Outside of New York the excess over 189ft is 9'8 per
cent. The increase over 1895 reaches 3-5 per cent,and making
comparison with 1894 the gain 1* seen to be 22 3 per cent.
. __
filch mmid,.,,
Menaphi# ....__ _
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...........
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81 784.0(0
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iriMi
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ttfti
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1.W2 051
i ) ; ■“
320,570
m7Ml
251,031
2t-P.Silf
211 088
2
H&MI
2;4.y--
2*4,43?
807*e#«
163,2*14
aSi;U04
300 554
U4 4U»
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170.406
U7.70O.76ft
100 080
lp yjta
iW'&sA.vm
140 810
loe.07B.814
10.005,022
l 061,760
812.812
hU MUM
1.048 SU8
741.813
482 230
UM B
4 14037
22; 82*
80718
100.375
31 iSKi
4 27 4
7MK670
0,y*3 K-S0
8,152.300
2,i t f . m i
4 3 .8 4*4
2,4PA 88 i
2 8H;* 068
i jm*nf§
1.1i*H POO
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i»A**.tna
012.518 884
1.S3U.W0
_»H S S
«
20,400.710
UMAX'S
b
.mn
6..I7 i .:m
luLm
L?mjT«
l'tn4&&
i , l AM,HIM
Phv:* 6
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471.001
852,810
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85,000
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■a8.034
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4.180 807
* SMPJ.Hl
4 l ilt .lm
Total nil
Oataitt# H. fo ri
Maturem.
i g l t t 053
S
3
318,201
280 004
104,520
12.1S8.8S8
021.101.714
742 237,074
7 -
US.83&.3SX
86i 4)7.330
!;«
11.142,2*8
5,323.458
15 028.440
4,845 772
3,12^470
10 087,731
0
1*0 an
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'S
3
U t$ l,
~ is ;a ir i»
“ 32,'200 203
THE CHROMULE.
174
A
T\\ 0
S U P P L E M E N T S
W i t h t h i s is s u e o f
th e C
T H IS
th e “ I n v e s t o r s ’ S u p p l e -
in
a sound
r e s u lt
a ls o
sen d
ou t
“ T
a
Supplement”
ariff
a r t ic le
a la w
h e lp
la s t S a tu r d a y .
a te , a s it h a s b e e n
la s t t im e fr o m
It can be
tw ic e
r e lie d
read b y
a c a r e fu lly
have
g r e a tly
in c o r p o r a te d
to th e
so
as
to
th e
p r o v is io n
accu r
is s u e d
cu stom s
w h ic h
th e
to
s h o u ld
h a v e d iffic u lt y
w a n ted , e x ce p t
w h o le o f th e g e n e r a l p o r t io n
o f
by
sou rce
fo r
th e
and
each
e x is tin g
T h e
m ost
n o ta b le
e v en ts
th e c o m p le tio n
of
fa s te r
s in c e
our
P e o p le
w ho
d is c o u r a g e b u s in e s s
p e r u s in g
th e
th e co u rse o f
ia to r y s te p ta k e n b y th e A d m in is tr a tio n
r e fo r m
m ov em en t.
a fte rn o o n
It
th a t th e
th e
th e
P r e s id e n t.
been
c e iv e d
m ent
a
o f
b a n k in g
and
and
th e
la w s
to
1st d a y o f
rep ort
to
c o n c lu s io n s o n
n e x t , in
a fte r
fo r
T h e
or
th a t
its
w ho
m e ssa g e , im m e d ia te ly p a s s e d
it
a
ch eck
w as
o n ly
m ade
c o u ld
T h e
at
P r e s id e n t h a s le d
a speech
proved
m ade
in
th e
B oston
A ll
m a te r ia l
s u c c e s s fu l
w id e ly
it
o f
e v en ts
to a p rom p t
c o n d it io n s ,
a
b e fo re
t im e
su ch
G age
th e
does
in
a n oth er
in
h a s fu r th e r
d e s ir e
s e t t le m e n t , a n d
p u b lic
are
o f
p e r io d s
lo n g
upon
too,
c o n s id e r a t io n
be
n ig h t
cu r
C on gress.
th e A d m in is tr a tio n ’s
th e m a tter
sep a ra ted
w ill
o f
S ecreta ry
T u esd ay
o f
t o b r in g c u r r e n c y r e fo r m
u rged
s e s s io n
th e w ay a n d
th e ea rn estn ess
h as fo r c ib ly
n ext
fo r ou r
a t t e n t io n .
fa v o r a b le
fo r
s u b je c t;
th is
th e
th e
o n ly
happen
at
and
n a tu ra l
cou rse
o p p o r tu n ity
p resen ts
its e lf.
C on gress
to
in a n d
is a h i n d r a n c e t h o u g h t o p r o g r e s s a n d i t e x is t
ou t o f C on gress
a lm o s t e v e r y o n e
tim a t io n
has
a lik e .
I t lie s in t h e
h is c u r r e n c y
it is t h e o n l y p la n
th a t
t i o * H U b u iL ? .8 E 2 q u i t e p e r s u a d e d
*
WllllfUD 1), K1J ,
geu eral
p la n
w ill
Robert I. Gam mell,
Lym an It.11
William ninney,
Knsrene W.
of
W illiam B .W e e d c n ,
G eo. G ordon*H
m eet
th a t if
s a c r ific ia l
and
new
a c t iv it y
w e have
e x is te n c e
c o n s id e r a b le
stock
and
m ark et
T u esd ay
d e fy
th o se
in
m in d
B ear
S ecreta ry
G age
a fte r th a t a d d ress h a d
u n d ersta n d
as
a
how
m u ch
fe a tu r e o f
is
seen
th e
a
c le a r ly
c o m in g
paper m on ey
th e
c o m in g
th ere
s e s s io n
sy stem ,
o f
th e
c o m m e r c ia l m a rk e ts d e v e lo p
on
th e
g ood
as
n o th in g
w ill b e
w ork ,
in
and
th e
c o m p a r is o n
w ith t h e b u o y a n c y t h e f u t u r e w ill h a v e in r e s e r v e f o r u s .
N o tw ith s ta n d in g
th e
b it u m in o u s
th e
coal
In
th e
are
w eek
2 ‘79 p e r c e n t.
w h ic h
or
th e
th a t
th e
th e
u n ifo r m
fa lle n
b e h in d
are
ow e
th e ir
lo s s e s
to
s t r ik e .
O n
fa v o re d
th e
w it h
be su pposed
w h ic h
is
are
to
say, th e
m ovem en t
by
fro m
N ew
&
A lb a n y
by
o f
lo s se s ,
n o
m eans
w h ic h -
lin e s
an d
o f
th e
th e
roads
w h ic h
m ig h t
th e s t r ik e ,
bu t
o c c u r re n c e — th a t
lo ca l
m in e s m a y h a v e
as an
o ffs e t
c o n n e c t in g
L o u is v ille
&
g a in
roads
som e
th a t
fro m
I n d ia n a p o lis
L o u is v ille
by
am on g
are
o r d is a p p e a r e d , b u t
heavy
is
in flu e n c e
h an d,
th ere
tr a ffic
o f
roads
rep ort
th e
s e r io u s ly a ffe c t e d
coal
26
o f
th e
r e a lly b e n e fit in g
d im in is h e d
very
to b e
in
r a il
w eek
70
r e s u lt w a s a
roads
c o a l-c a r r y in g
oth er
g a in s ,
th e
70
S om e
have
o f
th ir d
c o v e r in g
im p ro v e m e n t
y et.
s tr ik e
a g g r e g a t e , o r 6 -3 9 p e r c e n t .
year
O ut of
sh ow s
gen eral
in
th e
retu rn s
F o r th e
c o m p ila t io n
la s t
o f
cu rren t
im p r o v in g .
p r e lim in a r y
sam e
c o n t in u a n c e
r e g io n s
C h ic a g o )
th ere
lin e s .
(fo r m e r ly
fu r n is h e s
a
is
T h e
a
th e
con
s p i c u o u s in s t a n c e o f a r o a d w h i c h is d e r i v i n g i m p o r t a n t
g a in s f r o m
corn !
rep orts g ross o f
at
illltl
w h ic
O llt
(
_i • i
o
.ah
e in
d
iv
id
u
a
lp
reiu
d
ic<
r
S H O U ld
on
n o t
h i s es
^ Schemes, whlCll 111 £
iiow ia u d H azard,
R ow land
Edward D. Pearce.
Lucian Hbarpo.
H E R B E R T J. W1BLL8, S A M 'L R. D O R ^
W0
Pres idem .
V ice EDWARD & C L A R K ,
\VM. A. GAMV a re
Secretary.
A ^ la U n t ,^ ^
b r in g
fa c t th a
it w e r e p o s s ib l
°
m ore
and
seem s to
th a t it
and
n ow
in
w hen
th a t o n ly
P u sh
lo o k e d
du e,
th e
and
ou r
in
fa v o r th e ir
best to
w as
ten d en cy .
r e o r g a n iz e
stren g th .
s t r ik e
to
m u ch
in
th e
b u r n in g
o f
is g o i n g
to
M on day
N ow
W a ll S t r e e t m a r k e ts
C h ic a g o
T h ere
k in d
w e e k , n o tw ith s ta n d in g
e ffo r t m a d e a t
s h o w s $ 3 9 8 ,7 5 7 g a i n
cu re
d e
T h e
s e n tim e n t
fin d
w eek
m ade,
m eant
m ov em en t.
is t o b e a s t r o n g
n ot
th e ir v e r y
th e p u b lic
m essage
to th e S e n a te ,
a n d e n a c t in g a r a d ic a l a n d e ffe c tiv e
sch em e
th a t
d is c u s s io n
T u e s d a y n ig h t
ou r
th e w a y o f p r o v id in g
o f
p u b lic
coal
a g a in
m a d e h is a d d r e s s , a n d
e a r n in g s
to pass th a t b o d y .
has
c la im e d
its
J u ly
is n o s e r io u s d i f f i c u l t y i n
th e
d is c lo s e d .
sou n d
little
road
ren cy deran gem en t
b ill
be
o f
cu rren cy
s h ip m e n ts
in
b u t fa ile d
a
o u ts id e
tre a tm e n t o f th e
have
th e
been
under w ay
w o u ld
th a t
con
H ouse, on
d id
w o u ld
p r e s e n ta tio n
th is
d o in g
g o ld
s a g g in g
has g otten
o f
th e y
r e s p o n s e t o t h e r e q u e s t it c o n t a in e d ; th is b ill w a s se n t
T h ere
th is
ord er
C on gress
a t it s fir s t r e g u la r s e s s io n .”
r e c e ip t o f
necessary
been
have
r e fo r m
ou r presen t
la b o r s
th e
part
w it h s t a n d in g
a m ou n ts
C on gress a
“ to m a k e
w it h o u t
a
o f a
p la n , t h a t is a n
its
lik e
m a rk ets
w h ic h
P r e s id e n t’ s
fo u n d
th e ir
N ovem ber
in
r e a c t io n
been
a p p o in t
w ork
C on gress
B ut
cou n try
w ill
o f som e su ch
th e
fu r n is h
e n t e r p r is e , d o
th e
e a r ly
report had
to
ch an ges
by
a
p rop er
a
N o tw ith s ta n d in g
th e b ill re
c o m m is s io n
m ay be
th e sa m e m a y b e t r a n s m it t e d
s id e r a t io n
s h o r tly
p r o v id e fo r th e
w h a tev er
cu rren cy
e x p e d ie n t, a n d
b e fo re
to
th e
ap p roved
b e fo r e
P r e s id e n t se n t
n o n -p a r tis a n
r e c o m m e n d a t io n s o f
w as
as th e C o n fe r e n c e
C on gress
s p e c ia l
b ill
S e n a te , a n d
h is s ig n a t u r e , t h e
a s k in g
in
30 passed
C o m m it t e e ’s r e p o r t , a n d
b y th e
m essage
in a c u r r e n c y -
S a tu r d a y la s t
sam e d a y th e
A s soon
a d o p te d
on
th e in it
S e n a te b y a v o te o f 4 0 to
th e T a r iff C o n fe r e n c e
th e r e a fte r on
w as
a
and
fo r
say th a t cu rre n cy
any
la s t is s u e h a v e
h ope
grow .
id e a .
t a r iff le g is la t io n
a
a ls o b y
a d is c u s s io n
in c o r p o r a te d
m en.
v ig o r o u s
m o r e c o n t r ib u tio n s th e
th e b e a rs h a v e
been
u se
c o u ld
be
be
fa ith , in
a rra n g em en ts
lit e r a t u r e t h e
d iv id in g
S IT U A T IO N .
n o
e ffe c t
secu re an d
fe cts
o f th e A c t.
F IN A N C IA L
to
A
ou r
b u s in e s s
c le a r , b r ie f,
s e r io u s t h e
T H E
of
m em bers
fin d in g
in
ou gh t
in la r g e n u m b e r s .
by a
s h o u ld
add
th e gen eral
th e se
w ork
o f p r a c t ic a l
th e
and
reason s
b y th e
p u b li c a t io n — t h a t is ,
W ith o u t
th a t
m o n e y a rra n g em en t.
w as
a id e d
o ffic ia ls .
th e la tte r p o r t io n
r e fe r e n c e
r e a d e r w o u ld
p a r t ic u la r
th e
p r o v is io n s .
as
th e p r o o f-r e a d e r s , th e
fe a tu re
h e a d in g s in
fa c ilita te
m is c e lla n e o u s
lin e s
a
u s e fu ln e s s o f
w e h a v e in s e r te d
upon
prep ared cop y
T re a su ry D e p a rtm e n t fo r th e u se o f
A ct,
in
n o t w a n t a p la n , it h a d
con
t a in in g th e fu ll te x t o f th e n e w T a r iff A c t w h ic h b e c a m e
W e
step
c o m m is s io n
31 e n t . ”
W e
fir s t
a n d a s e t t le m e n t o f th e p r in c ip le s t o
we send ou t ou r
h r o n ic l e
u s u a l q u a r t e r ly n u m b e r o f
W E E K .
[V o l . L X V .
"
be
mOI
th e
la s t y e a r , a n
s t r ik e .
fro m
o f
th e
th e
th ir d
w eek
o f
th e
retu rn
th e in c r e a s e
O h io
in
R iv e r o n
t e lls u s th a t a
f r e i g h t is in
a ccou n t
J u ly
a g a in s t o n ly
in c r e a s e o f $ 2 1 ,5 4 9 , o r n e a r ly 4 0
B u t a fo o t n ote to
p o r tio n
F or
$ 7 5 ,6 4 2 t h is y e a r
o f
coal
th e
it
$ 5 4 ,0 9 3
p er cen t.
la r g e p r o
s h ip m e n ts
s t r ik e
in
In
d ia n a .
T h e retu rn s
of
n e t e a r n in g s
fo r
th e m o n th
in
are
a ls o
o f
Ju n e
-
*01’
a
Start
1
cu rreu cy 8ch em ,
w h ic h
a g in g .
have
T h e
com e
th is w e e k
gran ger
roads
p a r t ic u la r ly
q u ite
m ake
en cou r
fa v o r
THE CHRONICLE.
JCLY 31, 1897.|
a b le
e x h ib its .
F or
P a u l, a s c o m p a r e d
to
its
gross
w h ile
th e
a d d in g
r e c e ip t s
# 2 9 7 ,5 5 5 t o
yet
o f
in
m ore
in
th e
and
net
but
on
o f its g r o s s in
p e n s e s in
th e
Ju n e
w e
is a n
have
in c r e a s e
in
le a n s & T e x a s
and
th e
n et.
in c r e a s e
o f
has
a
T h e
P a c ific
an
# 2 6 2 .1 2 3 .
g a in e d
expenses
# 3 4 .9 2 0
t r iflin g
o f # 3 0 ,9 7 8 , b u t t h is
in
th a t
th e
been
o f
in
th e
h eavy) and
F rom
in g r o s s a n d
C in c in n a ti
th a t o f th e
& O h io
in
in
n et.
t h e a d v a n ta g e w h ic h
r e g io n s g iv e s
soon .
and
T h e
th em
th e ir
R e a d in g
in
in t h e im p r o v e m e n t , b u t
s t r ik e
in
th e
tu rn
ou gh t
to
com e
net on
in
net on
T h e
T h e
been
ter.
an
O n
th is
H a il r o a d
t h e lin e s e a s t o f
gross
th e
and
th e
te m
a m ou n ts
im p ro v e m e n t
to
C oal
in
in
n e a r ly
n e t.
has
E r ie
w ill
th e
# 6 0 0 .0 0 0 .
in
g a in
be
i3
n et,
W h a t is t r u e
w h ic h
have
th e
r e -d is c o u n tin g ,
S ooth
lit t le
in
m ost
M oney
lo a n e d
on
som e
tru st
tio n s a r e r e p o r t e d .
per
c o n tin u e
m od era te, a n d
day
T h is
is t h e f ir s t t im e
sta tem en t
has sh ow n
t h e r e s u l t is t h e
im p ro v e m e n t
in a fu ll
year
m ore g r a tify in g
in
th e
th a t
a n y a u g m e n ta tio n
gross
la s t
any
in
m o n th ly
gross, and
1$
or
BAH T
MW.
WOT.
c i t t » » r ng.
T h ere has been
1*4*3.
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T u rk ey
and
th e
ra te
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S.4»l,47«
L a s t w e e k ’s b a n k
th e la r g e r b a n k s
to
# 8 2 ,4 5 1 ,1 0 0
m oney
and
th is
th e
banks
p lu s
sta ted
th o se
m ore
fro m
is
o f
th e
cash ,
th a t
in
w e ll
w as n eeded
th e
a
N orth w est
t o h a n d le
to
are
in
lo a n s .
ty
S t.
fu r n is h
as
th e
a
Paul
th a t
c lo s e
sh ow ed
s m a ll,
£ 2 2 4 ,3 5 7
462
at
o f
b ills
w ere
th e
per
m oney
th a t
.ir e
fo r
g o o d
is
th e
r e c e iv a b le , 3 | @ 4
fo r
good
in
th e
som e
per
cen t
fo u r to
s ix
E u rop ea n
p o litic a l
p r o g r e s s is r e p o r t e d
T h e
B ank
r e m a in s
1
1 3 -1 6
P a r i s is
is
2J
d u r in g
o f
us
1$
per
L on don
c lo s e
on
th a t
cen t.
th e
and
T h e
m a k in g
fo r e ig n
ch a n g e as to
w as
pen ce
to
th is
w eek,
s ix tv -d a y
been
exch an ge
n o m in a l
th e
and
4 86$< ?4 86$
4 8 7 $ (5 £ 1 8 7 J
fo r
dem and
and
a
fo r
and
p r o m p t ly
s ix ty
and
in
has been
a fa ll
2 6 5 -1 6
p en ce
th e
N ew
recovery
Y ork
on
p e n c e , a r e a c tio n
at th e
has
been
w it h o u t
r e m a in in g
s ig h t,
w h ile
at
th e
4 87
la t te r
T h ere
tr a n s fe rs .
lig h t
th e
to
c lo s e .
87$ fo r sh o rt
day
th e
y ester
fo r lo n g , 4 8 7 $ @ 4
has
A ll
th e
season
s o ld
w it h
to n e
o ffe r in g s
p a r t ic u la r ly
s te r lin g
fo r
have
and
been
fo r s e ttle m e n ts a n d
s u p p ly o f b a n k e r s ’ a n d
c o n s e q u e n tly
absorbed, and
n in e ty
B r ita in
ou n ce, and
m arket
a t in t e r v a ls s t r o n g .
c o v e r in g la te r
to th e s h ip
c a b le
c o m m e r c ia l b ills , a n d
fir m
due
to
a
per
26$
fo r r e m it t a n c e
very
£ 3 6 ,6 1 8 ,-
ra te s o r th o s e fo r a c t u a l b u s in e s s
fo rm e r
4 88
ou r
lo s t
A u s tr a lia .
W ednesday,
advan ced
to
corresp on d en t
m a rk ets
T h ere
T h e
B e r lin
E n g la n d
h e ld
w as
L on d on
2 6 7 -1 6
n in e ty -
in te r io r o f G re a t
in
day to
o f
O ur
lo s s
fo r e ig n
s ilv e r
to
cen t.
A c c o r d in g
w eek
th e
s ix ty
per
B ank
w eek.
th e
n et to
o f
m in i
at 2 per
per cen t, an d at
th e
th e
th e
5 8 $ cen ts.
p r ic e
o f E n g la n d
u n ch an ged
o f
p r ic e o f b a r
d a y th e
su gar
th e in s t it u t io n s
s ix ty
cen t
to
2 6 1 1 -1 6 p e n c e , h o w e v e r , o c c u r r in g
a good
pres
fo r
per
in q u ir y
re p o r ts d is c o u n ts
£ 2 6 5 .0 0 0
fo llo w in g
su r
at
la r g e ,
m on th s o n
L on d on
it
b u llio n
th e
ou n ce
th a t
and
is
fe w tr a n s a c
r
P ow ers.
b ills in
e q u iv a le n t
fa c t
d is p a tc h
1 per
oen t
24
w h ile
per cen t
d is c o u n t
O n e fe a tu re o f
la r g e
v ic in it y
th e
o f
T h e in q u ir y
c a r r y in g
g e n e r a lly
th e c r o p ,
b e in g
d is a p p o in tin g ly
recen t
banks
prepared
is
m any
a s a w h o le
e x te n t e x p la in e d
W est
and
th e
th a n
in te r io r
th a t
u p , som e
banks
d e p o s its
th e
to som e
at
sh ow ed
w e r e w e ll lo a n e d
th e d e p o s it lin e , b u t th e
fo r
en t
sta tem en t
th a n
a re 3 $ p e r c e n t fo r s ix ty
no ch an ge
T h e c a b le
day bank
ISM,
| 9.1
Onrr»:'« otma—t
ban k s
t o h a v e b >en m a d e w it h t h e p e a c e n e g o t i a t i o n s b e t w e e n
in
• ru w a a n m w i.
th e
o f
T h e o ffe r in g s o f c o m m e r
fa ir ,
th is w e e k , t h o u g h
m ent o f
1S0A.
at
per cen t
m on ey
n am es.
fu r th e r a d v is e s
ISM.
is
oth er sou rces
very
Per
w eek
1$
m ore
seven
a n d t h e im p o r t o f £ 4 1 ,0 0 0 f r o m
'• *■»
crop
m a k in g
fro m
days,
fiv e t o
4 $ @ 5
th is
cen t,
o b ta in
n in e ty
o n ly
en dorsed
fo r fir s t-c la s s a n d
year.
fo llo w in g
to
very
fo r a la te
co tto u
m a jo r ity
o ffe r in g s
q u o ta tio n s
t h a t it f o llo w s a s m a ll
T h e
per
T h e
E x c h a n g e c o lla t e r a l.
F r a n k fo r t
lin e s .
2
i t is s m a l l , a n d
3 p er ce n t fo r
'p e n a l c a b l e f r o m
W estern
at
can n ot
fo r
and
th e
bu t
b a n k e r s ’ b a la n c e s , h a s
R a te s a re
cen t
paper
s itu a tio n
in te r io r
m o v in g
reason
th e
T h e s u p p ly o f tim e
w h ile t h e d e m a n d f o r
n in e ty
A
h ere
th is w e e k
;
t r a n s a c t io n s a t
m o n e y , th e
b e in g s o lib e r a l.
fo u r a n d
is
E xch an ge
cen t.
c o m p a n ie s
th a t, to o , o n
and
W est.
fe w
Per
c e n t fo r th e ir
days, 2
w ith
dem and
fa ct th a t
a m ou n ts
n o t e w o r t h y is t h a t t h e r e is a n i n c r e a s e in t h e g r o s s , a n d
E a ste rn
th e
th e
tru e ,
B anks
m on ey
th is
c a ll, r e p r e s e n t in g
v e r y s m a ll
S tock
som e
to
th a n
N orth
p r o b a b ly a ls o
in q u ir y
in
E a st
s u r p lu s
in th e
W est.
gen eral
g e n e r a lly a t th e S t o c k
average a b ou t
and
th e
o f
th is y e a r a s it w a s la s t y e a r .
m a r k e t ra te a t
th e
d e v ic e
th e ir
P a u l is
w hen,
has b een
corresp on d en ce
and
is
open
b oth
th e
o f
in
m ore
respon se
S ou th
n o t as e a r ly
c ia l
S t.
is a s v e t g o i n g t o
m ovem ent
cen t.
is
o f
a
th e
observed
w hat
som e
la r g e s t
fo r
m um
svs-
o f
cen tres
in s t it u t io n s r e p o r t
in
c o m b in e d
B u t
w e st.
a t o th e r im p o rta n t
a ls o
th ere
says, m o re b y
# 3 ,0 0 0 ,0 0 0
u s e d la te r
b y a n y p r e s e n t n e c e s s it y o f th e s itu a tio n
m o n th s s in g le
# 7 4 ,0 7 5
It
fo r
Iron
fa v o r a b le c h a r a c
is
n et.
n et
&
o f # 3 3 3 ,4 9 4
th ere
th e
# 1 0 6 ,3 2 1
fo r J u n e
lik e
o f
r e p o r t s # 1 5 ,1 5 4
P itts b u r g a n d
lin e s
# 2 6 2 ,2 2 6 g a in
th a t
retu rn
in g r o s s a n d
W estern
in g r o s s
and
th e
Jersey
I t is o f
in c r e a s e o f # 7 9 ,7 3 6
w h ile o n
gross
# 1 2 ,6 0 3 d e c r e a s e in
w eek.
p retty
decrease
th e o p e r a tio n s o f
P e n n s y lv a n ia
is s u e d
in
C e n tra l o f N e w
d e c r e a s e in g r o s s a n d
s o ft-c o a l
th e o p e r a tio n s
r a ilw a y , a n d # 1 7 8 ,2 9 9 d e c r e a s e
C om pany.
gross
a n th r a c ite
th e
r e p o r t s # 9 9 ,4 9 3
# 1 0 8 ,4 3 6 d e c r e a s e
decrease
la r g e r
th a t
be
T h is n e g o t ia t io n
e rn b a n k e r s to g e t r id
and
in
m a d e fo r
c a p ita l t o
m ove.
d u c e d , th e d is p a tc h
H I!.,
decrease
T h e d is p a tc h fu r th e r s ta te d , h o w
E a ste rn
w h ea t b e g in s to
1 p e r c e n t , w it h
H I !,, w it h # 4 1 ,3 8 2
T h e
c o m p a n ie s d o n o t as y e t sh a re
w ith
Or
# 1 1 ,1 3 3 d e c r e a s e in n e t ; a n d
in c r e a s e
o r # 4 .0 0 0 .0 0 0 o f
gross
G e o r g ia
#600
v e ry s t r o n g in c a s h .
ever, th a t a rra n g em en ts h a d b een
# 1 7 ,-
N ew
in c re a s e
in g r o s s a n d
th e
G rea t
o f t h e S o u t h e r n R a ilw a y , w it h # 7 0 .0 2 4 in c r e a s e in
# 7 8 ,0 3 3
met
(ex
w as
A la b a m a
# 2 0 ,6 0 2
n e t;
very
# 9 1 ,9 3 2 .
th e
n e t ; th a t o f th e C h e sa p e a k e
and
lo s s
exp en se a ccou n ts
o f
o f
w ith
in c r e a s e
in c r e a s e in g r o s s a n d
b etter,
C a n a d ia n
s h o w in g
# 1 3 ,1 9 6 in c r e a s e
P a c ific ,
# 1 0 ,6 9 1
S t.
r e c e ip t s ,
even
to
in c r e a s e
retu rn
# 3 1 ,9 6 5 in c r e a s e
w it h
its n e t
L o u is
in c r e a s e
n e t;
&
T h e W a b a s h s u ffe r e d a c o n t r a c
th e su m
S o u t h e r n , s h o w in g
628
th e
la s t y e a r h a v in g
n et th ere
S ou th
o f
S t.
la r g e r
to
# 1 4 4 ,1 3 9
an
&
M ilw a u k e e
has d on e
gross
b y a n o th e r la r g e s a v in g
in
and
ease
n e t e a r n in g s — # 4 0 2 .
t io n
Q u in c y
gross
M in n e a p o lis
gross,
in
&
th e
y e a r , lia s a d d e d # 1 1 3 ,6 2 0
# 8 0 ,8 9 7
s tr ik in g ,
# 3 3 3 ,3 5 6
T h e
la s t
and
B u r lin g to n
im p r o v e m e n t
is
in s ta n c e ,
w it h
175
th ose
in
fo r
spot
has been
have
o f
been
ban k ers’
a n tic ip a tio n
o f
c o m m e r c ia l d r a fts .
THE CHRONICLE.
176
A s
h ig h
a s a s m a ll fr a c t io n
f o r n in e ty
s ix ty
fo r
day
day.
T h e
d e liv e r y
c o n tin u e
fo r
K id d e r ,
f a c t t h a t fir m
T h e
4 86
and
&
C o .,
th a t
&
o f
c a b le
it
be
w as
in fe r r e d
la r g e .
th a t th e
Y esterd a y
p a id
4 804
fo r
THE
fo r
B oston , w as
s h ip p e d
T u e sd a y , a n d fro m
tra n s fe rs
tw o
w ere
o ffe r e d
p r o m in e n t b a n k
s h ip m e n ts
$ 3 ,2 0 0 ,0 0 0 w e r e
t o -d a y w o u ld
w it h d r a w n
fo r
CU RREN CY
C u rren cy
r e fo r m
has
th e
ta r iff
b ill
has
b e in g
fro m
m ean
th a t m en
w is d o m
w ill
o f th e
F reres an d
$ 5 0 0 ,0 0 0
th e
f o r t h e w e e k $ 3 ,7 0 0 ,0 0 0 , n o t c o u n t in g
sen t to
w ill
C anada.
s h ip
on
of
th e
le a d in g
P e a b o d y & C o.
T u esd a y , A u g u st 3.
lo w in g s h o w s t h e d a ily p o s te d
som e
$ 2 0 0 ,0 0 0 o f g o l d
B e s id e s th is , K id d e r ,
$ 7 5 0 ,0 0 0
b y H e id e l-
t o t a l s h ip m e n ts
ra tes
fo r
T h e fo l
exch an ge
by
to
fa ce
th e
e n a cted
as p a r tie s in
sta n d .
0 days.
Brown B ros........ }(6Sight..
Baring,
S60 days
M agoun & Co.. \ S ig h t-.
Bank Brstisn
J 60 days.
No. A m erica.. \ Sight...
Bank o f
5 60 days.
M ontreal
<Sight...
Canadian Bank f 60 days
o f C om m erce.. ) Sight...
O eidelbach, Ick- 1 60 days
elheim er & Co. 1 Sight...
60 days.
Latard F reres... J
) Sight...
M erchants’ Bk. 5 60 days.
Canada.- . / S igh t....
T h e
87
88
87
88
87
88
87
88
87
88
87
88
87
88
87
88
Fr i .
TfltJR.,
TDJiS..
July 27. July 28. July 29. July 30
m a r k e t c lo s e d
ra tes at 4 87 fo r
87
68
87
88
87
88
87
88
87
88
87
88
87
68
87
88
fir m
on
F r id a y
s ix ty -d a y a n d
P r im e
sh ort
and 4 8 ?| @ 4
c o m m e r c ia l
m en ta ry
b ills
th e
p osted
s ig h t.
B a te s
8 6 £ fo r lo n g , 4 8 7 £ @
87£
w ere
fo r
87
88
87
88
87
88
87
88
87
88
67
88
87
88
87
88
87
88
87
88
37
8S
87
88
87
88
87
88
67
88
87
88
w it h
4 88
f o r a c t u a l b u s in e s s w e r e 4 8 6 £ @ 4
4 871 fo r
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
83
r*7
88
87
• 88
87
88
fo r
c a b le
4 8 5 £ @ 4
tr a n s fe rs .
86 an d
docu
4 8 5 £ @ 4 851.
does
n ot
th ere
is
th e
in te r io r
by
th e
N ew
Y ork
ban ks.
h e, fo r
R eceived by Shipped b y
V. V. Banks. N. Y . Banks.
sent to
$5,612,000
508,000
Gold.................................................
Total gold and legal ten d ers___
$6,120,000
w eek
$1,820,000 Gaiu.$3,792,000
189,000 Gain.
319.000
la s t
g iv in g a d d e d
b r in g s
r e fo r m , a re e x t r e m e ly
have
W e are a w a re
p lis h e d a ll
th a t
is
c la s s
of a
W ith
th e
S u b -T r e a s u r y
$6,120,000
15,200,000
g o ld
ex p orts
Out o f
B nks.
N et Change in
B ank Holdings.
in
m en ace to
th e
fo llo w in g
$811,000
ta b le in d ic a te s t h e a m o u n t o f b u llio n
p r in c ip a l E u r o p e a n
p rove
b a n k s th is w e e k a n d a t th e
E n gland.........
F ra n ce—
i
G erm an y*.. .
A u al.-H onK ’ y
Spain.
N e th e rla n d s ,
NaLBelfriUm*
Silver.
Total.
Gold.
Silver.
£
£
£
36.618,462 47,880,142
130.07H.8U7 82,735,2 -8 50,162.337
41.172.000 29,881.COO 15,086.000
49.670.000 27,352,000 12.907.00t
19.703.001
8.406.000 11.480, O'9,575, Oftt
2.634.001 6.92l.0( 0
4,170.000
2,602,000 1.301,000
lo t t‘
£
47.880,142
132,897,625
44,967.000
40,259." 0
19,880 0«*f
0,556, c
3 903 "
T ot.th ls w eek 19?,16?,f86 96.135,583 294,288,269 201,490,4HO 97,857,337 299.347,767
T o t . prev.w 'k 197.100.517 96,490.489 293,991.006 201,167, 93 98,148.959 299,616,05 2
.u
p o lic y
d e
a m id
begu n
of
“
d e s ir e ,
as
th e y
o r in d iffe r
K e e p in g
e s ta b lis h e d ,
th e
so fa r
w arm est
we have n ot yet
d is lo c a tio n
.... ineiween Roia ana silver) Riven in our table t.feoio
and bullion iu the ILi.uk of Germany and the Bank of Belgium is made
from ti e best estimate wo are able to obtain; in neither ease is it
claimed to be aoourate, as those banks make no dis'lncdm in ihetr
u , U s Y * ? ’.8' m" rely re>'ortln5 “ «> total (told and silver, but we believe the division we make is a close approximation.
nn ^ n EA 7 « t u eo,elve tlle f o w lin g results weekly by cable, and while
nf the date «rven at the head of the column, they are the re
turns Issued nearest to that date—that is, the latest reported figures.
prove
cu rren cy
o f in d u s t r ia l
d o r e m o v e it.
fo r e ig n
th oso
dem and
e x p e c ta tio n
are
fo r
n ot
im
I t w ill
th em
a n y o th e r in flu e n c e .
c o n fid e n c e .
w ho
w ill
is s e t t le d .
at
a
o u g h t t o in s u r e m o r e a c t iv e
p en s, to o , th a t th ere are o th e r
ou t an
b u s in e s s
S u ch cro p s as w e h a v e th e p ro m -
a g ood
1tr a d e w it h o u t a id f r o m
h o ld
a c o n s ta n tly r e c u r r in g
q u e s tio n
! p r o fit a b le p r ic e , i f s e c u r e d ,
of
July 30,-1800.
th e
w ith
to in c r e a s e
J u ly 29,1897.
£
|
£
36,618.462 .......
80,177.221 49,302.588
29.352,000 15.120,010
37,0 10,(j0('T2,<1(10.001
S.983,000 10,720.001
2.632.000 8,»43,00i
2,780.000 1.390,000
c la im
a ccom
su re to fo l
o p p o s it io n
been
m ean s assu m e th a t
u n til
o f,
now
c o r r e s p o n d in g d a te la s t y e a r .
Gold.
th e
b u s in e s s u n t il w e
no
im p r o v e , w e b e lie v e .
$2,009,000 Gain. 4,111,'tt'O
! is e
18,600,000 Loss. 3,300.000
Total gold and legal tenders....... $21,320,000 $20,509,000 Gain.
T h e
m en
h id d e n
p r o s p e r ity
has
c o u ld
W e by
Banks’ Interior movement,as above
Sub-Treas. operat’ ns and gold expts.
w ill
$2,009,0001 Gain.$4.111,000
o p e r a tio n s a n d
Into
Banks.
and
cu rren cy
get
o p p o r tu n e ly
th e
r e s u l t is a s f o l l o w s W eek Ending J u ly 30. 1897.
a n d n a tu r
has
th a t
it, as c o m p le t e ly
of
s p ir it
v ie w s r e s t in t h a t fa it h
d is c ip le o f t h a t d o c t r in e
cau se
o f
o f th is
cu rren cy
w e lc o m e
soon
th e se
rem oved
th e
ev en ts
c o m p le te d
r e g r e t th e ir
d o
o f
c o n s e r v a t iv e
gen eral
A m e r ic a n s ”
can
a p p o in t
d e te r m in e d
of
N o tw ith s ta n d in g
as le g is la t io n
re
m ay
speech
e v e n in g
ju s t
a n d h in d e r th is m o v e m e n t so
to
th e
th e
w ork
n ecessary, an d
I f th o se w h o h o ld
w ill h a v e r e a s o n
th e
th e
r ig h t its e lf o r
th e s u r r o u n d in g s
t a r iff
th e y
th e lo n g e r th e y a re s tu d ie d .
le g is la tio n
r a n g e m e n t w ill
n ot
P r e s id e n t’s m e ssa g e
a h ea rty
r e lis h e d
any
u r g in g
e n c o u r a g in g
th a t a
t a r iff
of
u n til
h e r e s ie s , t h e
stron g
T u esd ay
to
r e c e iv e d
b e m o r e c o r d ia lly
th a t th e
on
le a s t
v it a lly .
th e
e v id e n c e
th e A d m in is tr a tio n
a lly e n o u g h
at
in th a t
c e r ta in ly
o p p o s it io n
c o m m is s io n , a n d
G a ge at B oston
e x is t
at presen t
o u tlo o k
p ostp on e
S a tu rd a y
is
one
th e r e a fte r
ch an ge
in
th e
h a v in g
th e
th e y
how ever
m ore
to
c la im
la w
as
fin a n c ia l
w ill
h o ld ,
c ir c u m s t a n c e s
cu rren cy
S ecreta ry
as
e x p e c ta tio n ;
w h at con cern s th em
m ent of a
th e
speedy
t a r iff, t h e
th e
a ffa ir s , a c a u s e t h a t w ill
th e
any
do n ot
m a tter
lo n g
o r g a n iz a t io n
m ay
C on gress
w e
th a t
th a t
so
W e
regard
A ll
o f
fa ct
c o m m e r c ia l a n d
th ey
A m e r ic a fo r
N et Interior
Movement.
fo rc e .
c o n t in u e
to
lo w e r
p o lit ic a l
U n d e r th e se
en ce.
W eek E n din g J u ly 30, 1897.
a
en cou rage
a
id e a s
lo w .
T h e fo llo w in g s ta te m e n t g iv e s t h e w e e k ’s m o v e m e n ts
o f m on ey to a n d fro m
S e n a te
b o d y fa v o r a b le to
fo rm
F r i ..
M o n .,
J uly 23. July 26
th e
in
is i n p o w e r , a n d s o l o n g
W ith r e fe r e n c e
is s u e o f
passage o f
d e b a te .
d iffe r
in
in e v ita b le
m a ss o f in d u s t r ia l c la s s e s
DAILY POSTED BATES FOB FOBEION EXCHANGE.
to
o n ly
T h e
s u b je c t fo r t h e tim e
c a n n o t b e r e p e a le d
s a tu r a te d w it h
draw ers.
cease
c u s to m s la w
$ 1 ,7 0 0 ,0 0 0
C o ., m a k in g
th a t
t h a t w h a t e v e r o n e ’s v ie w s m a y b e
has
th e
cou n try .
rem oved
in g A d m in is tr a tio n
by L a za rd
M OVEM ENT
becom e
th e
t h e a r e n a o f p r o fit a b le
s h ip m e n t t o -d a y — $ 1 ,0 0 0 ,0 0 0 b y L . v o n H o ffm a n n & C o .,
I c k e lh e im e r &
n ow
g e n e ra l in te re s t b e fo r e
been
bach ,
REFORM
B E G U N B Y T H E A D M 1 N IS T R A T IO N .
b ills
e n g a g e d la s t w e e k
C o. on
W ednesday and T h u rsd ay by
ers,
been
t h a t t h e m a r k e t w ill
$ 5 0 0 ,0 0 0 g o l d
P eabody
has
n e a r ly
fig u r e s a re b id
in d ic a te
B a r in g , M a g o u n
c ir c u m s t a n c e
on
above
d r a fts ,
next w eek
stea d y .
• th ro u g h
th e
ban k ers’
[V o l . L X V .
If
I t so h a p
c o n d it io n s
th a t th ey
w h ic h
we m ay accep t
so s itu a te d
as to b e
ju s t
w ill c o n t r ib u t e
th e
o p in io n
th e b e s t ju d g e s
w it h r e fe r e n c e t o t h e p r o d u c t iv e n e s s o f t h e n e w c u s t o m s
la w ,
it
w ill
p ro te ct th e
y e a r w ill
h e n c e fo r th
y ie ld
T re a su ry g o ld
lik e w is e
o f th e n e e d e d m e t a l.
on
m e r c ia l m o v e m e n ts .
w hen
ou gh t
n ow , fo r
say on
fo rc e , th e re
to
is
o u t flo w
s u r e ly
o r a h in d r a n c e
A ll w e n e e d
has any
s e n tim e n t
th is
b a la n c e ,
th a t a g en era l b e
o r a d v e r s ity
d e g re e a h e lp
t h a t if t h a t id e a
flu e n c e th a n
tra d e
a b a r r ie r a g a in s t a n
m e r e s e n t im e n t, in s is t in g
c o n s id e r a b le
to h e lp
crops
T h e n th e r e a re s o m e w h o la y g r e a t
lie f in in d u s t r ia l p r o s p e r ity
in
en ou gh
L a rge
b r in g a la r g e fo r e ig n
a n d th a t, t o o , w ill fu r n is h
stress
revenue
reserve.
to
and
com
t h a t p o in t is
n e v e r w a s a tim e
h ave a m ore
fa v o r a b le
in
th ere n ev er w as a m o m e n t w h en
J u l y 3 1 , 1 8 9 7 .J
THE CHRONICLE.
belief in an approaching revival of trade prevailed
more widely than to-day.
These are facts which of and by themselves seem
to assure business revival. They are facts too, fortu
nately, that serve to make the present occasion a
peculiarly fitting one for taking in hand and curing
this currency derangement. A year when our gold
reserve is large, with every reason favoring the belief
that it will remain large, and most likely be added to
by gold imports, would be selected above all others by
cautious men as a time when distrust was least likely
to be excited by the progress of legislation seeking to
provide a permanent relief from the existing hin
drance to an unparalleled industrial development.
And yet in face of these facts there are some who pro
test against bringing up a currency discussion at this
time, urging that it would be unfortunate in its effect
on business. Secretary Gage in one part of his ad
dress evidently has in mind this type of man. He is
one who, like all of us, has “ {wissed through a
wearisome storm.
The loss and coat of it have
been enormous: but to-day the skies are fair,
the breeze of prosperity brings comfort and res
toration.” Under these circumstances our protesting
friends ask— “ shall we not be permitted to rest and
enjoy it” ?
The best answer to that question is that a currency
discussion, as matters now stand in the United
States, cannot be stayed at the bidding of anv
party.
If discussion attending an effort towards
reform will discourage enterprise, the discussion
even without that effort and in a worse form, and
with more serious influence, is sure to corue re
gardless of our desires. As soon a* Congress meets
it will begin and the currency will continue to be
the engrossing subject of debate. Should the jrarty
now in power not bo the aggressors and so lead the
way to a settlement, it would forfeit the confidence of
a large body of men who voted with it in November;
it would show a lack of principle which in this case
would be a mark of special weakness; and would sim
ply yield the field to be occupied by the destruetionists. We do not say that, because we have any idea
or have any fear that such a course will be adopted by
Congress, but simply to disclose how impossible it
would be to follow the udvice of those who desire to
ignore the subject on the supposition that commercial
affairs can be in that way, and only in that way, kept
active.
It is consequently very gratifying to read the Presi
dent's message and the Secretary’s speech, for no one
can do it without being satisfied that currency reform
is going to be the special work of the Administration
at the next session of Congress. There is not an
equivocal word or suggestion of doubt as to the course
to be taken in either document. Obviously the plan
of acting through a commission has been dropped. As
is known, a hill to carry out that proposal passed the
House but failed to pass the Senate. Secretary Gage,
after stating in general terms the difficulties surround
ing the problem to be solved, remarked that the Presi
dent's recommendation of a commission was admirable
in that (1) it suggested a way by which a body of welltrained and thoughtful men could be provided to
consider at leisure the important subject of cur
rency and hanking reform; (2) it opened a
forum to which conld be admitted every contnbutive suggestion from all classes and con
ditions of men; and (3) it afforded a reasonable
177
expectation that it would be able to gather very valu
able information and formulate wise recommenda
tions worthy of early and favorable consideration by
Congress at the regular session next winter. The
failure to pass the bill, he adds, may be a matter of
regret but uot for discouragement. What might
have been accomplished through a commission mav be
achieved without one. This last statement is import
ant because it no doubt means that the Administra
tion believes the commission bill, if passed next win
ter, would delay and not expedite the getting of a plan
before Congress for its action, and hence the method
of procedure the message contemplated is no longer
desirable. Some such measure or the outlines of oue
will, however, be prepared during the summer and be
given to Congress with Mr. McKinley’s message and
Mr. Gage’s report.
The President in his message of last Saturday goes
a little further in developing his thought than the
Secretary iu his remarks in Boston, and thereby con
veys a clearer idea of the spirit and scope of the
reform as sought by the Administration. He accepts
fully the responsibility the election has laid upon him,
and gives expression to and heartily adopts the senti
ment in that regard of the general public ; he says
that ** nothing was settled more clearly at the late
national election than the determination on the part
of the people to keep their currency stable in value
and equal to that of the most advanced nations of
the world.”
Again he calls attention to an
other point by quoting from his inaugural address
“ that our financial system needs some revision.
* * * The several forms of our paper*money offer
in my judgment a constant embarrassment to the
Government and imperil a safe balance in the Treas
ury.” Finally, he commends to Congress the report
made by the assembly of business men held in India
napolis in .January of this year. Taken together the
President thus has iu his message covered the whole
subject in controversy. He obviously has done that
in a general way by commending the report of the
business men’s Indianapolis Convention, which report
was so brief and concise that his endorsement becomes
a more direct commendation of each principle it ad
vanced.
That assembly of business men looked at the situa
tion and dealt with it in a very practical way. First
they brushed aside all nostrums and palliatives by
stating that “ a consistent and deliberately planned
monetary system had become absolutely necessary” ;
next the rejiort declared that a gold standard must be
maintained ; next “ that steps should be taken to
ensure the ultimate retirement of all classes of United
•States notes by a gradual and steady process” ; finally
“
that a banking system be provided which shall fur
nish credit facilities to every portion of the country
and a safe and elastic circulation” , etc. A more
explicit and complete outline of a sound money
system could not be easily written than this little
one, prepared at the business men’s convention, is
found to be; for this is the substance of their report
which the President in his message commended to
Congress.
But in addition to this general com
mendation the President likewise, as we have seen,
made reference to certain specific changes, the need
for which onr recent bitter experience has brought
into prominence. When he said that “ a currency
stable in value, equal to that of the moat advanced
nations of the earth” , was what the people in Novem-
TH K ( HK0N1CLE.
178
ber
c le a r ly
q u e s tio n
d e c la r e d
w as m ore
th a n th a t o f
a th orou g h
a g o ld
m u ltifo r m
a
and
of
dou b t m eant
s ilv e r
is s u e
at
at
s e t t le d
con sta n t
cou rse
a
In
th e G o v e rn
c r it ic iz in g a ls o
in
in te n d e d
b a la n c e
to
in
in d ic a te
our
s t a t in g
em b a rra ssm en t to th e
s a fe
no
e le c tio n
t h e q u e s t io n in
th e h e a d o f
t h a t d e c is io n .
im p e ril
th a t
th e
s ta n d a r d , a n d th a t a fte r
p a p e r m o n e y sy stem s, a n d
t h e y a ffo r d
s h o u ld
or
a n d p u t h im
m e n t to e n fo r ce
h e
no
ca n v a ss th e e le c tio n
fa v o r o f g o ld
m ent
fo r, h e
d is tin c tly a t
th e
th a t
th a t
G overn
T reasu ry,
th is
d e fe ct
M c K in le y
to th e
A ct o f 1890 w as p rop osed
P r e s id e n t
T h e s e s p e c ific d e c la r a t io n s , ta k e n in
c lo s e r p a r a lle l is
by
c o n n e c tio n
w ith
T h is
m e a s u r e , lik e
on
It passed
th e
th e S e n a te ,
D in g le y
to
be
too
of
th e
la s t
fe w
years
F u r th e r m o r e , it s h o u ld
o f th e U n ite d
fe re n t fro m
th e
becau se
th r o w in g
id o ls .
m u st
in to
B u t th e
n ot
be
th e
fo rg o tte n .
e s s e n t ia lly d if
e s t a b lis h e d s y s t e m s in o t h e r c o u n t r ie s ,
m u s t h a v e t o - d a y is a p a p e r m o n e y s y s
t h a t w ill b e w o r k a b le o v e r t h r e e m illio n s o f s q u a r e
rep eal
lo n g e r
fro m
s u r r o u n d in g th e
R epeal A ct
of
a lo n g th a t v a st a re a , h a v in g
and
of
w hat
w a n ts
is
done
n ow h ere
r e q u ir e d
is
if u n d e r ta k e n
a d iv e r s ity
e ls e
n ot
fo u n d .
an
of
T o
p r o v id e ju s t
easy t a s k ;
in th e r ig h t
o c c u p a tio n
b u t it c a n b e
s p i r it , a n d i t is a l o n g
s te p fo r w a r d th a t th e p a rty n o w
in
pow er
has
d e te r
m in e d t o m a k e t h is q u e s t io n t h e is s u e u n t i l i t is s e t t le d .
a ll t h e
a fte r
d iffe r s so
e le cte d
w as m a d e th e
c o n s ig n e d
O n
O F 18 9 7.
C on gress to
T h e
p u rpose
m e e t in s p e c ia l
of
t h is s e s s io n ,
a u g u ra l a d d ress, w as to
th e G o v e rn m e n t.
J u n e 30 1896 h a d
in g
of
M arch
p le te d
1897
m on th s
$ 4 8 ,1 3 5 ,4 4 1 ;
w h ic h
“
of
a
been
th e
th e
dem ands
fis c a l
th e
fis c a l
$ 3 5 ,2 0 3 ,2 4 5 ;
d e fic it
c o n d itio n ,
th e
fo r
year
at th e op en
th e
e ig h t
th en
com
p e n d in g
t h e - P r e s id e n t
im m e d ia te
year en d
w as
an n ou n ced,
c o n s id e r a t io n
of
C o n g r e s s .”
r e v e n u e b ill w as a t
on ce
M e a n s C o m m itte e .
th e
M arch
u pon
th e
S e n a te ,
o f 84.
r e fe r r e d
It
to
th e
a m en d m en ts,
J u ly
7
by
a
c o m m itte e
tw een
on
M ay
v ote
of
fo r
c o m m itte e J u ly
th e sam e
day
24.
b ill’ s
T h e
as th e
26.
28.
of
th e
by
t im e s h a s
been
a la c r it y .
T h e
u n til
th e
th e
b ill
in
th e
of
th a t
m a t e r ia l
S e n a te
d is a g r e e m e n ts
w as
rep orted
th e
la s t
be
th a t
th e H ou se on
S a tu rd a y , J u ly
S e n a te
m a jo r it y
by
o f J u ly
on
th e
7— th e
o c c u p ie d
la w .
N o
passed
W ils o n
D ecem b er
A u gu st
13
th e
by
A ct
19
of
e x t r a s e s s io n
tw e n ty
ta r iff
tex t
C on gress
of
1894
1893 ;
th e
w it h
w as
it d id
any
su ch
fo llo w in g
becom e
year.
T h e
o f
th e
c ir c u m s t a n c e s
o f 1 8 9 7 , .h a v e
o f th e ir h is to r y
m easu re
th e
H ouse
o f
th re a te n e d
b e in g
its
w ere
o n ly
passed
a fte r
O n
a
in
to o k
in
th a t
s u b m is s io n ,
c o n s id e r a tio n
d e la y e d
o b s t r u c t io n
w as
s e s s io n .
fir s t
s t ill s h o r t e r
B oth
w ith
a ccep ted
a
ex tra
E a ch
each
R e p r e s e n ta tiv e s
a fte r
a n d th e b ill o f 1 8 9 7 a ft e r
days.
in
P r e s i
m a jo r ity .
m essage an d
c a lle d
w eeks
in t h e
th a t
s tr u g g le
S en
bod y, an d
n e c e s s it a t in g
b o th p e r s u a s io n a n d c o e r c io n .
B u t th e p a r a lle l e n d s w it h
th is .
T h e
en a ctm en t o f
th e 1893 re p e a l b ill le ft th e A d m in is tr a tio n
h e a d s w it h
a very
c o n s id e r a b le
I n d e e d , th is fa c t io u s
d e v e lo p e d lo n g
tr a t io n
b e fo r e th e
m easu re.
o f
m ake even
its
th e ra n k s
d en t w as th e h ead .
of
o f
1890, th e p a rty
w ere
cast
w ord s, a
T o
by
205
n o m in a lly
th e
o f
th e
ca st in
th e
p a rty .
th e
R e p u b lic a n
passed
7
th e
101
oth er
fo r
record
th is
S e n a te
in fa v o r o f th is A d m in is
o f
th e
th e v o te
of
o f m em bers
sa m e in te r e s tin g
of
1890, n o
th e a m e n d e d D in g le y
o f th e
o p p o s it io n b u t fiv e
th e
S e n a te
T o
B ill in
o p p o s it io n
on
p a ssed th e
le s s th a n
o p p o s itio n .
D e m o c r a tic
o f th e
O u t o f th e
O f th e 4 3 v o te s w h ic h
cast
w h ic h
In
v oted
con tra st.
P r e c is e ly th e
in
r e p e a l b ill in
J u ly
A d m in is
its fa v o r ,
o p p o s itio n .
th e v o te s
A ll
b ill.
m easu res.
th e
in
r e p e a l b ill
s u p p o r tin g th e
o p p o s it io n
P r e s i
cast even
th e
2 3 9 v o t e s in
H ou se
199 w ere
v o t e d a g a in s t t h e
by
w h ic h t h e
s in g u la r b it o f h is to r y , th e
A d m in is tr a tio n
a n x io u s fo r
b ill.
m easu re,
tw o
“
rep eal w as m ost
a g a in s t
B ill p r o v id e s a s tr ik in g
v otes
M r.
a c o w a r d ly
d a n g e r ” w h ic h
109 v otes
R e p u b lic a n
m a jo r it y
a ll t h is
t r a tio n
th e
A d m in is
n o m in a te d
su ch
th e p a rty o f
O u t o f th e
A d m in is tr a tio n
D in g le y
of
O ut of
p a rty .
fa c t th a t th e
p o s s ib ilit ie s o f
R e p r e s e n ta tiv e s
t r a t io n c a s t 7 3 .
th e
th e
fo rm e r s u p p o rte rs
to
lo g g e r -
its
p a r ty ’s ra n k s
en a ctm en t o f
its s p e e d y r e p e a l ” , o p p o s it io n
H ou se
th e
1 8 9 2 , w h ic h
at
of
th e A c t o f 1890 as “
m a k e s h ift, fr a u g h t w ith
th e
in
N o tw ith s ta n d in g
C le v e la n d , d e n o u n c e d
v ig o r o u s in
p o r t io n
o p p o s itio n
N a t io n a l C o n v e n t io n
23 w ere
th e
38 v otes
th e
S e n a te
c o n t r ib u te d
o n ly
one.
to
a
b ill a n d
th e s e b ills w e r e u r g e n t ly
s p e c ia l
to le g is la to r s
th e
s u b m itte d
n ot
of a
v ote
in r e c e n t
th e
o v e r w h e lm in g
c o n t r a s t w a s w it n e s s e d
w e e k s b e fo r e
m easu re
an
fin a l
w as
th e
o c c u p y in g
A d m in is tr a tio n
of
b ill o f 1 8 9 3
on
30.
fin a lly p a s s in g in t o
la w
v ote
S e n t to a co n fe re n ce
th e S e n a te
m a jo r it y
c o n v o k e d , lia s t h e r e f o r e
H ou se
a
over to
C o m m itte e
It passed
to
I lie t a r if f b i l l , t o e n a c t w h i c h
th e
d a te fo r
1 9 , w a s fin a lly p a s s e d b y
and
of
b e lim it e d .
tu rn ed
F in a n ce
v o te w as th e sa m e as th e
b e in g 4 0 to
m ay
t h e c o m m it t e e , w ith
38
H ou ses,
W a y s -a n d
th a t d a y th e b ill w as p a sse d
a d ju s t m e n t
th e tw o
ex p ected
a n d tr a d itio n
d e b a te
w as th en
b o d y , an d re p o rte d fro m
th e
b y th e
r u le
w as a c c o r d in g ly fix e d
th e t a r iff b ill a n d o n
b y a m a jo r it y
and
s u b m itte d
U n der
H o u s e o f R e p r e s e n ta tiv e s
M a rch 31
15
th e
B oth
e x a c tly th r e e
s h o u ld
C o n g r e s s a s s e m b le d o n
t a r iff
T a r iff A c t
body
M arch
p r o v id e a d e q u a te re v e n u e s fo r
T h e d e fic it fo r
in g
s e s s io n
as s ta te d in th e in
d iffe r
c o m p a r is o n
p r o m p t a c t io n , th e
fin a lly
th e d a y o f h is in a u g u r a t io n , P r e s id e n t M c K in le y
sum m oned
15.
S E S S IO N
to
is a w id e
t h e in a u g u r a l a d d r e s s o f a n e w
m easu res
a te,
C o n g r e s s io n a l
d ev oted
m o r e so b e c a u s e t h e le g is la t iv e s it
r a d ic a lly .
o f o n ly s ix te e n
THE EXTR A
th e
m ake
en a ctm en t o f
b oth
th e
d iffe r e n c e ,
u a tio n
by
a ll
th a t
in te r e s tin g ;
in
n u m bers
cou rse th ere
1893 an d
d en t,
m u ltip ly in g
o f
w eeks
fo r m e r n e c e s s a r ily
s u ffic ie n t a n a lo g y t o
recom m en d ed
in
30,
e n a ctm e n t o f th e se tw o m ea su res, th e
tra d e
sca ttered
by
O ctob er
tim e .
m ile s o f t e r r it o r y a n d w ill m e e t a n d s u p p ly t h e w a n ts o f
cen tres
p ro
a p p roved
d e la y , o n
of
1893.
s e s s io n — A u g u s t 7.
w eeks
ch a ra cter
th e
o f le g is la
B ill, w a s
28, an d w as
tw e n ty
A
reg a rd s c o n d i
T a r iff
ex tra
tw e lv e
O f
th e
b ill,
B u t a s id e
exper
b e re m e m b e re d th a t th e n eed s
S ta te s c a ll fo r s o m e t h in g
W h a t A m e r ic a
tem
ic o n o c la s tic
b r e a k in g u p a n d
s c r a p b a s k e t o f m a n y c h e r is h e d
ie n c e s
an
A u gu st
T a r iff B ill.
en ce b etw een
th e
D in g le y
c o n s id e r a b le
th e r e fo r e
th e
th e y d em a n d
th e
H ou se
a fte r
o c c u p y in g
as
S ilv e r P u r c h a s e A c t in
t h e fir s t d a y o f
th e c o m m e n d a t io n o f t h e I n d ia n a p o lis r e p o r t , w ill p e r
som e
p r o v id e d ,
th e rep eal o f th e
it w e n t
S ep tem b er 30.
th e b ill a n d p r o m p tn e s s
tio n ,
posed
A p r il 16 ;
h is s ig n a t u r e
how ever
t io n s in c id e n t a l t o
haps
to
fo r
le g is la t io n , a g a in s t t h e
b e r e m e d ie d .
appear
LVol . LXV.
I t w o u ld b o
sh ow s
in
th e
s u p e r flu o u s t o
s u p e r io r
d is c ip lin e
A d m in is tr a tio n
say th a t
and
p a rty o f
m ore
th is
c o m p a r is o n
p e r fe ct h a rm o n y
1897.
B u t
it
is
n ot
J o l t 3 1 , 1 8 9 7 .]
179
THR ( HRONICLE.
obvious, at first glance, what conditions facilitating
legislation existed during the present session that did
not exist on the earlier occasion. A moment’s con
sideration will throw much light upon the question.
The Repeal Act of 1893 was submitted to Congress at
the height of a financial panic. Both private and
public credit were utterly disordered. The Treasury
would have, been literally unable to pay its daily
maturing bills but for the use of the hundred-million
gold reserve.
Apparently, the country’s financial
system was collapsing.
It is well enongli to say in passing that for none of
these formidable evils was the Cleveland Administra
tion responsible. Indeed, when the gold reserve broke
down a month after Inauguration Day, and would
have similarly been impaired a month before inaugu
ration but for the help of New York banks, it is very
fautty reasoning which lays the blame at the new
Administration’s door. Mr. Cleveland and his Sec etary of the Treasury inherited an exchequer whose
resources were already sapped by legislative extrava
gance and whose credit had been gravely shaken at
home and abroad by the Silver Purchase Act of 185)0.
But human nature did not stop to take full
account of such factors in a situation. The Con
gress which met on August 7 1893 came from con
stituents who were bewildered, stunned and desperate
over the results of the midsummer wreck of values.
Many of them came from districts where the freecoinage delusion controlled the majority of voters;
not a few of them represented States where the con
ventions of the Administration party, during the pro
ceding Presidential canvass, had flatly declared in
favor of free coinage. That such legislators, survey
ing the wreck of credit, should have asserted that
free coinage was the only remedy, and should have
demanded a free-coinage law as the price of their vote
against the Silver-Purchase Act, is perhaps not so very
surprising. The vagaries of legislative sentiment in
a peri >d of hard times have been often and forcibly
illustrated in oar history.
What were the underlying conditions which made
possible the perfoct discipline and the party harmony
with which the Dingley Bill was passed ? When Con
gress met in extra session on the 15th of last Marc u
the Treasury’s prestige was restored. The whole world
knew that the policy of keeping faith with the public
creditor would be maintained under any circum
stances and at any cost. Against the 1130,000,000
gold, silver and legal tenders in the Treasury when
Mr. Cleveland entered office, Mr. McKinley found an
ample reserve of $205),095,251. The gold reserve on
March 4 1893 barely exceeded a hundred millions; it
would have been five millions less but for the bounty
of the city banks. On March 4 189? the gold reserve
stood at $150,693,630.
In the spring of 1893 our home and foreign com
merce was so far out of joint with normal conditions
as to foreshadow collapse in credit; a heavy outflow of
gold, started by our extravagant importations of
foreign merchandise, was stimulated by the growing
distrust of European investors in a financial system
with which such wild experiments had been tried. In
the spring of 1897 economy in domestic trade and a
favorable foreign trade unparalleled in our history
had given the United Stutes an unmistakable advant
age on the international exchange markets, and the
accident of a foreign crop shortage, along with suffic
ient harvests at home, had so far stimnlated exports
of merchandise that Europe had been compelled to
ship to us $78,000,000 of gold within four months. The
farmers, who suffered quite as heavily as any one else
in 1893, were making money in 1 8 9 7 ; the financial
markets were improving and wheat was up 30 cents a
bushel over the price twelve months before.
We do not need to pursue the comparison further.
What we have noticed already shows a condition of
affairs much more favorable to party harmony this
year, and in some measure accounts for the ready sup
port extended to the Administration by the party in
control. The question of methods employed in hold
ing Congressmen in line has had probably less to do
with the phenomenon than many suppose.
Such
methods would have been hopeless as a controlling in
fluence in 1878. when Mr. Sherman was pursuing his
resumption plans in the face of a Congress which
threw every conceivable obstacle in his way, as they
were in 1893 and 1894. when Congress did its best to
block the path of Mr. Carlisle. It was the goodfortune of Mr. Sherman and the Hayes Administra
tion that nature came to their aid in the shape of a
foreigu crop shortage and an enormous American ex
port trade at the very moment when such help was
imperatively needed for the Administration enter
prises. The gooil fortune was merited by t wo years of
courageous labor in the face of the most serious odds;
hut it was no better deserved than it was by the Ad
ministration of 1894 and 1895, to whom it did not
come until too late to be available except to that Ad
ministration’s successor in office.
THE
U TILITY AM D
LEG A LIT Y
O F TRUSTS.
In the speech regarding the currency delivered by
Secretary Gage at the dinner tendered him by the
Boston merchants this week, there was an incidental
allusion to trade combinations which contains a good
deal of food for reflection. Speaking with reference
to the many new problems which have arisen, Mr. Gage
said: ‘ "Within the limits of half a life time industrial
methods and processes have been revolutionized; com
binations in labor, in trade, in manufacture liavo
superseded to a degree the former processes of indi
vidual movement. It is philosophical to believe that
they are all evolutionary— tending to a final and a
higher general good—but in their immediate effects
they produce incidental injury in many direc
tions. * * Timo will do much to restore, and the
natural laws, everywhere operating, will bring in at
last their compensation. In the meantime our statute
laws must loam not to repress the operation of a nat
ural law. which is supreme over man-made laws, but
they must learn to justly check and punish those who,
grasping the new elements of power, pervert them
into agencies of injustice and oppression.”
These are sensible views, and it seems to us they
represent correctly the attitude to be assumed towards
trade combinations and so-called trusts and monopo
lies. 8uch combinations are the outgrowth of modern
conditions. In the main they are beneficent in their
tendency, though necessarily some evils have devel
oped in connection with them. The aim should be to
limit and control these evils as far as possible with
out interfering with the free movement of those in
dustrial processes which rightly utilized aro capable
of yielding great'advantages to mankind. We all
know that just the opposite policy has been pursued
by our legislators. Trusts and combinations havo
been treated as being without any redeeming feature,
THE CHRONICLE.
180
and
as h a v in g n o e x c u s e o r
d is p o s it io n
th e ir
has
in te n t
been
and
A s
M r.
A d m in is tr a tio n , it
m a rk s a re p itc h e d
any su ch
ju s tific a t io n .
regard
pu rpose,
p r e s s e d b y la w .
th e
to
n arrow
and
som e
p h le t
p r o t e c t t h e m s e lv e s f r o m
c r im in a l
be
th e r e fo r e
a s s u r in g
to
be
in
re
as a m em b er
of
t o fin d t h a t h is r e
in a d iffe r e n t k e y a n d d o
n o t p e r m it
num ber
o f
is o n t h e in c r e a s e .
th o se
w ho
are
W e h ave h a d on ou r desk
t im e a v e r y in t e r e s t in g a n d
e n title d
S id e o f th e
“ T h e
C ase” ,
‘ P o o l’
w ritte n
R ic h m o n d , V ir g in ia .
and
by
M r.
m e r it o r io u s p a m
th e
fa c t s a n d a r g u m e n t s w h ic h
‘ T r u s t ’— T h e ir
W illia m
R o y a ll’s
T h e b a s is o f
c o m b in e d ,
th a n
th e
fa c tu r in g
cou rse
of
c lu s io n
n e r s h ip s in
u n d erta k es
to
la w s , s o a s t o
t e llig e n t
a fo u n d a tio n
secu re fo r
p u b lic
C o n s titu tio n
th e T ru st
is
p r in c ip le s
o f
th e
du e to
in s t r u m e n t
m u st
p r in c ip le
and
in flu e n c e o f
th e
s a n c tio n
th e
p r o te c tio n
In
of
and
a n in
of
w it h
th e
e le m e n ta r y
R o y a ll
d e s ig n a te d
fro m
b e fo r e
in
th e
an y a ct th a t ca n
p r e ju d ic ia l
and
w e ll
as
essen ce
and
le g is la t u r e s
of
h ave perm an en t
ch a ra cter u p o n
says
th a t
“ T ru sts”
h a v in g
stea m
ou tru n
e r s fin d
lo w
of
su ch
com
o f
su ch
or
m ust
act
of
of
an
person s
tu rn
u pon
its e lf;
in
p a r tn e r s h ip s
fo r
p lie d
p r o p e r ly
s e lv e s
in
in
of
to
recog
m en
to
a c t in g
tu rn
upon
an
fro m
c o u ld
in c lu d e d
a ll
to
n ot
arose
be
ap
a m er
fo rm
a
of
t h e v a r io u s
la r g e r
n ot
d e s t r o y in g
T h e
on
o f t h e t r a d e .”
th a t a b o d y
of
m ote
ow n
th e ir
th e re b y in
p r o v id e d
m o t iv e
th is
T ru st
is
n o th in g
a la r g e s c a le .
th e
of
so fa r
to
th ey d o
o b je c t,
n o
and
M r. R o y a ll
th e
p a r tie s
w h ic h
agreem en t
d e s ir e t o a b r id g e d e s t r u c
d e fe n s e .
T h ey
con n ected
e le m e n ts
d is c o v e re d
th a t
o f
w it h
o ffe n s e
th ey
c o u ld
I
or
set
It
is
o f
n ot
e n t e r t a in n o d o u b t
o b j e c t is t o p r o
to
a c q u ir e , a n d
tr a d e o f c o m p e tito r s ,
is
r u le
to
in c id e n t
th a t
pu rpose
w ill
be
of
an
d o in g
agreem en t
is t h a t m e n
ow n,
so
lo n g
as
io u s in ju r y o f t h e ir fe llo w
w h ic h
n o tw ith s ta n d in g
o f
th e ju d g e
w ith
h is
each
in
w h ic h
ow n
c o n d i
m easu red
are b o n a
a im in g
m en.
T h e
ju d g e
m ay
p le a s e
w it h
at
th e
m a lic
a lt e r n a t iv e id e a ,
o f th e v a lid ity
it in h a r m o n y
to
th e
ju d g e .
b y th e
p r in
fid e s e e k in g t o
o r in
It
as
or ou t of h arm on y
o f p u b lic p o lic y , le a v e s t h e
th e c it iz e n ’ s r ig h t s
c r e tio n , o f a
w h at th ey
T h e
p le a s e ,
p a r t ic u la r a g r e e m e n t a c c o r d in g ly
m a y th in k
id e a s
as th ey
n ot
tu r n s c o u r t s lo o s e t o
v a lid it y
d o
th ey
b e n e fit t h e m s e lv e s a n d a r e
as
a n o th e r a m a lic io u s in
m a y th in k
m ay
o n ly
co n tra cto rs
agreem en t
a t im p r o v in g th e ir
a t s im p ly
su ch
F rom
b u t
th e
g ood ,
B u t an
to
m e a n s .”
a n oth er,
th e
d o n o t a im
h ere
d is c r e tio n ,
q u e s tio n o f
th e a r b itr a r y
is t h a t s o r t o f e q u i t y
d is
w h ic h
is
c h a n c e llo r ’s fo o t.
M r. R o y a ll a d m its t h a t t h e r e a re E n g lis h
cases a n te
d a tin g th e M o g u l S te a m s h ip C o m p a n y c a s e , a n d ca s e s in
A m e r ic a b o th
w as p resen t.
b e fo r e
B u t
t o r ily d is p o s e d
and
he
s in c e th a t d e c is io n , in
th in k s
o f, a n d
c o n s id e r e d
of
B u t th ose
had
“
ju r y , w ill b e a v ic io u s a n d a b a d a g r e e m e n t .
te c tiv e
it
th e
t o in ju r e .
t io n s , b u t a im
“
u n la w fu l
in ju r y
in c id e n t t o
th e in t e n t io n
c e a s in g
th a t
b od y
m o tiv e
th a n
n o
d ed u ces
c o n te m p la te s
t iv e c o m p e t it io n , th e T r u s t w a s in its in c ip ie n c y a p r o
m ov em en t.
th e
M o r r is
W h a t o n e tra d e r
a
c o m b in e
m ore
c a lly
d is c e r n e d
th e
by
a t d r iv in g a c o m p e t it o r o u t o f
can
u se
w h en th e reason s u p o n
th e
“
L ord
fu rth e r:
i n j u r e -, t h e
h a v in g h a d
in
A n d
w h ose
tra d e,
u s u a lly c la s s e d u n d e r t h a t n a m e ) , M r . R o y a ll s h o w s t h a t
its o r ig in
fro m
w h ic h
c o n t r a c ts h a v e b e e n h e ld v o id w h e r e n o e le m e n t o f m a lic e
T r u s t (in
fo rm s
su pport of
q u otes
C o m p a n y d e c id e d
A n d a g a in :
t o b e n e fit th e m s e lv e s ,
be
th em
p r in c i
pu rpose an d
a u t h o r it ie s in
c o m p e t it io n
tra d ers,
th e ir
w h y th e y s h o u ld
a g reem en t.
t io n
th e
c o n s e q u e n tly
ex
th ere
th e ir a g r e e m e n t,
1891, w h ere
d o .”
of
resou rces
and
m a y la w fu lly
ch a ra cter
in d iv id
th a t th e
T h e
ju d g m e n t :
of
a c t as th e y p le a s e , a n d
m e r c a n t ile p a r tn e r s h ip s c o u ld
t h e m s e lv e s
h is
respect
but
d iffe r e n t
no
R o y a ll,
n a tu r e o f th in g s ,
test ?
in
ille g a l f o r a tr a d e r t o a im
c ip le
m e r c a n tile
p a rt
o f u n re
g r e a te r p r o fit
M r.
p a r t ic u la r ly
L ord s
it,
s o c ie t ie s
a grea ter
tr a d e , p r o v id e d t h e m o t iv e b e h is o w n g a in b y a p p r o p r ia
th e
c o m p e t it io n — w h y i f te n m e n
th e ir
and
p e r fo r m in g
and
q u e s tio n
m e r c a n t ile p a r t n e r s h ip
is
never
w h ic h
A n a ly z in g th e d e v e lo p m e n t
term
order
of
p a rt
u n d e r it, m u s t b e th e te st.
d e liv e r in g
tra d e rs
con
p r in c ip le s
th e
m en
th is
th e
t h e lo s s
fo r m in g
M o g u l S te a m s h ip
in
m an u
B y
B u t are th e re
b e tw een
in
or
m e r c a n t ile
fro m
secu re
is t h e
tog eth er
ch arges on
reach es
a ccep ted
n u m erou s
o f
m ore
u s e le s s
r ig h t .
sep a ra te
to
p a r tie s
H ouse
n e c e s s a r ily
in
r ig h t
s e lf-p r o te c tio n
p a r tn e r s h ip ;
to save
b y su ch
E n g lis h
and
h en ce
R o y a ll
Y e s , says
W h a t th en
th e
w h ic h
c o m b in e t h e ir r e s o u r c e s t o fo r m
n o t e q u a lly c o m b in e
b u t a
d e a l
t h e ir r e s o u r c e s a n d t h e ir e n e r g ie s
T h e
p a r tn e r s h ip , te n
m e r c a n t ile
can
n a tu re
h a v e e x is te d
a c t io n .
p e r m itte d
o p e r a tio n s
c iv iliz e d
a g a m s t d e s t r u c t iv e
c a n t ile
th em
and
o n e m ig h t d o w h e n
act
th e
a ll
w h y th is p r in c ip le o f
c o u ld
to
de
and
c o m b in a tio n s
o ffe r e d b e
a ll a g e s it h a s b e e n
en gaged
h a v e c o m b in e d
jo in t
b y th e
P r o d u c tio n
m e n h a v e a lw a y s a g r e e d t h a t t h e p r o p r ie t y
im p r o p r ie ty
u a ls
th e ir
In
co n ce rt w h a tev er a n y
nu m ber
u n b rid le d
p o s s ib le
e le m e n ta r y a n d n a tu r a l
b y h im s e lf;
of
b y p rod u cts
p rod u cts
in to u n itin g
n iz e d as th e
o p p r o b r io u s ly
c o n s u m p tio n , m a n u fa c tu r e r s
cost
fe e l c o e r c e d
are
e le c tr ic ity .
th e m s e lv e s c o n f r o n t e d
th e
in
m ade
and
p r e v e n t e x t e r m in a tio n .
d o
w hat
a re th e r e s u lts
d e s t r u c t iv e c o m p e t it io n
v e lo p m e n t
case o f
do
d ep a rted
redu ce
sam e
o r g a n iz a t io n .
c o n te n tio n s ,
in
be
M r.
r u le ?
o f th e
little
m e r c a n t ile
th e
th e m s e lv e s
R o y a ll c it e s
m ay
b in a tio n s .
M r.
M r.
th e se
to
o f
have
ju s tify
a n d th e ir o p e r a tio n
s a id
is
th e
c o n d e m n .'
under
it
r ig h t
o u r in s titu tio n s m u s t, in th e
in te n tio n
th e
o th e r w ord s,
la w s , a n d , s e c o n d , t h a t
pass
a
S ta tes.
h arm on y
overth row n
S ta tes ca n
“ T ru st”
to
p le s o f
w it h
p o o lin g th e ir r e s o u r c e s in to
th e la r g e r
p r o t e c t io n o f t h e C o n s t it u t io n , w h ic h
ou r
and
th e
in s t it u t io n s
p u r p o s e o f s h o w in g , fir s t , t h a t
p e r fe ct
t h e s a n c tio n
fo r
our
and
U n it e d
w it h t h e
in
o f
th em
o p in io n
o f
h e h a s w r itte n
th e
fin d
e le m e n ta r y p r in c ip le s
s a m e b u s in e s s c o u ld ,w h e n
u n iv e r s a lly
p rotect
a ls o
m e r c a n t ile
m e r ch a n ts a c tin g
a
s u r e ly
th e
th a t it c o u ld
a dozen
b u s in e s s
I f tw o
have
s t r a in e d c o m p e t it io n
are som e
th e
P
If
o n e , w h y s h o u ld n o t th e
r e a s o n in g ,
th a t
its k in d r e d
H e
o f
m e r c a n t ile b u s in e s s
c e p t io n s
in
saved
fir m s
n e r s h ip t o
des
w h o le
t h e ir b u s in e s s , a c o m b in a t io n
of
o r g a n iz a t io n s a s p r o d u c t s o f e v o lu t io n
p r o fit .
e x a c tly th e
th e
p a r tn e r s h ip
in
t o r e s t r ic t c o m p e t it io n w it h in w h o le s o m e b o u n d s .
in ju r y , b u t
o f
expen ses
expen se b e
a
in
d o
R o y a ll,
t h e t h e s i s is
sou rce
fir m s e n g a g e d
f o u n d in h is s t a t e m e n t t h a t h e r e g a r d s t h e “ T r u s t ” a n d
t in e d
a
abounds
L .
paper
m u s t a p p e a l t o a ll t h o u g h t
fu l s tu d e n ts o f th e s u b je c t.
m ade
as
o r illib e r a l c o n s t r u c t io n .
t o s e e a d v a n t a g e s in c o m b in a t io n s o f t h e k in d
m e n t io n e d
fo r
In d e e d , th e
as
G age speaks
is
W e n o tic e , to o , th a t th e
d is p o s e d
th em
[VOL. L X V .
as
it
soon
w e ll
n ot
as
o n ly
to
th em
out of
regard
w h ic h
and
S p e a k in g
th e y
are
as
th ey
any
based
a ll
be
be
aban don ed,
are b a sed
w it h
th e
lo n g e r
u pon
M id d le -A g e
w it h
can
m ust n ow
com p ared
th em
h e d e c la r e s
fe u d a lis m
econ om y.
an d
th e y
a re c r it i
reason s
g u id e s .
reason s
n o tio n s
r e fe r e n c e
s a tis fa c
to th e
o f
fo r
A ll
g r o w in g
p o lit ic a l
d e c is io n
o f
J u ly 31, 1897,]
fHE
CHRONICLE.
the U n ited States Suprem e C ourt in the T rans-M is
souri freig h t eases, w hich said in effect that th e A n ti
trust A c t o f Congress makes ••'ever,” agreem ent that
puts any reafrictiom upon trade void , Mr. R oyall c o n
tends that there is vice in the C ou rt’s a rgu m en t, and
th at th e vice is in con fo u n d in g restrictions upon trade
with the legal idea o f “ restraints upon tra d e.”
He
maintains, too, that this proposition was n ot subm it
ted to the C ourt in the argu m en t o f that case or con
sidered by it, and that th e decision th erefore can not
be claim ed to be a d ecision against it.
It does not follow because an agreem ent between
m en may p u t restrictions upon som e sort o f traffic
som ew here, that such agreem ents m ust necessarily oper
ate as “ restraints upon tra d e .” It is n o t possible, the
w riter urges, to have trade w ith ou t restriction s o f some
sort upon some sort o f trade. T rad e is n oth in g hut a
vast aggregation o f con tracts, and con tracts necessarily
involve restrictions. T h e very life o f a con tra ct is
that the con tractor shall d o n oth in g which is incon
sistent with that which he agrees to do. C onsidered
broadlv, restrictions upon trade are essential to the
life of trade.
T h e test of what is and what is
not a ‘ ‘ restraint upon trade” must th erefore be sought
som ewhere else than at hare restrictions upon trade.
T h e d iv id in g line is to be fou n d betw een L iberty and
L icense,
License i- freedom to d o what one will
w ithout regard to th e rights o f others,
ft is the
au tocrat’s fu n ction .
L iberty is freed om restrained by
law— that is, the right to d o what one will with his
own so lo n g as he does not trespass u pon the rights o f
another, and h e leaves that oth er fu ll op p ortu n ity to
d o what he will with his. T h e Czar o f Russia has
licen se; Queen V ictoria has liberty.
On th e econ om ic side Mr. R oyall’ - argum ent is
equally stron g, th ou gh we can refer to this part o f the
essay only very briefly. It is alleged against the
T ru st, he says, that it lim its p ro d u ctio n and thus
enables those Interested in it to extort: h igh er rates
than the p u blic would otherw ise have to pay. T he
notable p o in t is how ever this! i f the T ru st does limit
p rod u ction , it nevertheless allows a sufficient pro
d u ction to answer every dem and.
He ask* how
the public* is hurt b y a lim itation o f prod u c
tion ii prod u ction
is le ft at a
point which
offers an abundant supply. T o
p rodu ce
more
than this L- to open the door to waste and loss.
It b also poin ted ou t how the operation o f the T rust
has been to produ ce a steady and certain decline in
the prices o f the articles co n tro lle d , a n otable instance
bein g that o f th e Standard Oil Com pany, w hich be
tween ISfla and 1996 reduced the price o f refined
petroleu m in barrels from 65 cen ts a gallon to T cents.
It can be absolutely affirmed that the inexorable law
o f the T rust is to lower prices o f the articles dealt in
to the lowest point that will bring « ren-mtabie
profit, because the m ost pow erful o f all influences,
selfishness, im pels it to that course.
A nsw ering th e laborer’s fear that th e closin g of
p rod u ctiv e plants by the T ru st will result to his dis
advantage by d im in ish in g tin* num ber o f em ploying
agencies. Mr. Royall points ou t that the T rust, in
stead o f dim in ish in g, m u ltiplies th e num ber o f em
p loyin g agencies indefinitely.
By ch eapening every
th in g it increases the dem and. A n d again, when the
T ru st reduces the p rice o f on e article it leaves the
consum er m oney with which to purchase others, and
con sequ ently m an u factories must be established to
su p p ly this dem and.
“ When oil was sixty-five
1 8 1
cents a gallon and sugar ten cen ts a p o u n d a
dollar w ou ld
bu y
a laborin g
m an,
we
will
suppose, a gallon o f oil and three and a- half
pounds o f sugar, and these w ou ld last him a
week. B u t now he can buy his w eek ’s supply of oil
and sugar fo r tw enty-on e cents (a gallon o f oil and
three and a h alf pounds o f su gar), w h ich leaves him
seventy-nine cents o f th e dollar fo r oth er pur
poses. M en ’s desires increase as th ey have th e means
o f g ra tify in g them . T h is laborin g man and his fa m ily
never wore gloves to ch u rch on Sunday, we will
suppose.
B ut seeing their neigh bors, who were
better off, w earing gloves on S unday, th ey nat
urally desired to d o the same. H a v in g this m u ch
over o f th eir d ollar, they b o u g h t gloves with
it.
Mow, new g lov e fa ctories m ust be erected to sup
ply this new dem and fo r gloves and these em ploy
additional laborers, and so the th in g goes on. T h e
Trust cheapens the p rice o f p rod u cts to consum ers.
T his gives t hem th e means o f g ra tify in g a greater va
riety o f tastes; as they call fo r new articles, new in
dustries m ust be started to furnish them , and these
new industries m ust em ploy new laborers. T h e thing
is autom atic.
All that is needed is to leave natural
laws to their appropriate w ork, and everything will
com e dow n in price, and em ploym ent for everybody
will con sequ ently in crease.”
THE OEVlSHjS
OS THE IS DIANA THREE-
€ ENT-FA RE LA W,
We reported briefly hist week in our railroad
news colum ns the decision o f the Federal C ou rt
in the case against the T ccn t-street-eu r-fa re law
fo r Indianapolis.
T h e case is interesting because
the ru ling o f the State Courts and the Federal
Courts arc in co n flict oh the point involved, and be
cause* on a second hearing the Federal C ourt refuses
to reverse its ruling given before the State Suprem e
Court had passed upon the question and rendered its
d ecision .
It will be rem em bered that the last Legislature o f
Indiana passed a law fixing th e rate o f fare on the
street railways in cities having a population o f 100,000
or m ore, a cco rd in g t<» the U. S. C en sn i o f 1890;' at
three cen ts.
Indianapolis is the on ly city in the
State to w hich tin law would apply. T h e C itizens’
Street Railroad o f that c it y — or rather the Centra
Trust Cortipany. the trustee on beh alf o f th e m ortgage
bon d h old ers—•contested the con stitution ality o f the
A ct, cla im in g that by its charter th e road was given
the right to charge five cents and that the L egislature
could not alter this provision o f th e con tract. On
the first hearing som e m onths a g o J u d g e Showalfcer,
in thi* United "cates C ircu it C ou rt, gran ted a p relim i
nary in ju n ction restraining the city and cou n ty officers
from en fo rcin g the fl-cent A ct, and e n join in g th e
C itizens’ Street Railroad C om pany from a ccep tin g
T re n t fares.
Subsequently a ru lin g was obtained
from the State S uprem e C ourt in another case in v olv
ing the same point and en titled the City o f In dian ap
olis agninst J oh n N. Navin. T he ju d g m e n t in this
case, rendered by a unanim ous C ourt, was that th e
3-cent law was constitutional and valid. T h en the
city and cou n ty p rosecu tor m oved to dissolve J u d g e
S h ow a iter- in ju n ction . T his J u d g e Show alter has
now refused to do.
In his op in ion J u d g e Show aiter says that when a
Federal question is involved the decision o f th e highest
THE CHRONICLE
182
C o u rt o f th e S ta te
is n o t fin a l, b u t is r e n e w a b l e b y t h e
S u p rem e
th e
C ou rt o f
U n it e d
a t le a s t t h e ju d ic ia l p o w e r o f
th a t o f th e
U n ite d
s u b o r d in a tio n
S ta te
of
on
C ou rt.
th e ir
In
ow n
S ta te C o u rt
litig a n t.
S ta te s.
th e
cases
or
of
th e
and
gant
r ig h t s
in
had
th e
of
r ig h t s
con cern s
con tra ct
on
a
case
th e
th e
v ested
a litig a n t in
su ch
d e c is io n
of
a
is
th e
of
a
a
con
depends upon
of
m e a n in g o f
p r o v is io n ,
C o u rt o f a S ta te , m a d e a fte r
in to
th e
C ou rts
o f a S ta te s ta tu te , o r a p r o v is io n
c o n s t it u t io n a l
c lu s iv e u p o n
r e la tio n o f
F ed era l
con trov ersy
S ta te c o n s t it u t io n , a d e c is io n
sta tu te,
th e
fo llo w
th e m e a n in g
th e c o n s tr u c tio n
a S t a t e is s u b o r d in a t e t o
d e t e r m in a tio n
B u t w h ere th e
tra ct a n d
th is e x te n t
B u t t h e r e is n o
c e r ta in
a
T o
p a rt o f a n y F e d e ra l C o u rt to a n y
m o t io n
as
S ta tes.
by
th e
a
s a id
h ig h e s t
co n tra ct w as en tered
t h e r e u n d e r , is
F ed era l
e n title d
C ou rt.
T h e p r e s e n t e a s e is o n e o f
th e A c t o f
R a ilr o a d
1861, u n d er
its s tr e e t r a ilr o a d ;
t io n s w h ic h
by
th e
th e
r e p e a le d
at
s e c tio n
12
it
c o u ld
stre e ts
th a t
th e
agreed
th e
fix in g
of
fa re
a b rog a ted
th is
th e
c it y
con tra ry
p r o v is io n
can n ot
fa r e
at
and
b e n u llifie d
or
T h e
com pan y
C o u r t , in its
th a t th e A c t o f th e
3 cen ts su p ersed ed or
T h e
h o ld s
by
F ed era l
C ou rt
lim it a t io n
th e
r ig h t
c o r p o r a t io n , a n d
w is e t h a n is
to
o b je c tio n s .
In d ia n a
o f
11, w hen
in t h e I n d ia n a
in
th e
th e
A ct
of
com p an y,
says,
S u ch
ow n
or
th e
op era te
m ig h t
b e w ith in
a ctm en t o f
be
S ta te
covers
t io n
9
and
to
of
fo r
in
to
ra tes.
of
th e A c t
in
a
B u t th e e n
ca n n ot,
r a ilw a y
T h e
he
con
com pan y
gran t
can n ot
any
la w
of 1 8 6 1 ;
th e
la s t
m e n t io n e d , t h a t
T h e
q u e s tio n
o f
v ie w
o f s a id
com pan y
S u c h a la w w o u ld
a g re e m e n t b etw een
1861
a n n u lle d
ra tes, if
u n t r a m m e le d p o w e r in
a g reem en t.
1 8 9 7 is , in
S ta te
In d ia n a .
su ch
L e g is la tu r e .
in t e r fe r e n c e m u s t fa ll w it h in
A ct
in
fo re ig n
q u e s tio n ,
th a t s t ip u la te d , n a m e ly b y
th e
su ch
d e fe n d a n t
of
A ct
or
r a ilr o a d
o th er
c h a r t e r c o n t r a c t w it h
th e ch a rte r
th e
th e
A
som e
ra tes, a n d
an y su ch
s u b je c t
evaded
am en dm en t
by
no
th e
1897, h ere
th e
back ,
co n tra ct.
r a ilr o a d
fix
ra tes
t h e L e g is la t u r e , s in c e
th e
a
to
pow er of
te n d s , b e r e fe r r e d
cor
fa re s c a n b e c h a n g e d in
its c h a r g e s in I n d ia n a .
th e
th e
T h e S t a t e m ig h t p r o v id e b y la w
fo r a b o a rd a u th o r iz e d
r e g u la te
u n d e r w h ic h
ch a rter
a c o m p a n y w o u ld h a v e
r e a s o n a b le ,
of
is n o g e n e r a l a u t h o r i t y ,
ch a rtered
th e S ta te o f I n d ia n a .
and
th e
m o d ifie d o th e r
b e a r in g u p o n th e m a tte r o f
T h ere
th e m a tter o f
c o n tr a v e n tio n
m ig h t
be
c h a r t e r c o n t r a c t , n a m e ly
th e L e g is la tu r e
p o r a te p o w e r in
he
n ot
a c c o r d in g to th e te rm s
C o n s tit u t io n
d e c la r e s , in
fiv e -c e n t
r e a d in t h e lig h t o f th o s e r e s t r ic t io n s
a m en d m en t to th a t A ct.
he
it h a d
on
w h ic h
fo r
no
in
its e lf
n
to
dow n
a
as
to
be
w ay
w h ic h
by
sec
ta k en
o th er
s h a ll
th a n
be
an
th e
A ct
o f
in v a lid
be
s a n c tio n
U n der
a b le ;
a
a
h o ld
breach
b u t w h ere th ere
la w
is
a
ch a rter
th a t a la w
fa ir a n d
fo r th e
pu rpose
r e a s o n a b le
n o t t o b e c la s s e d w it h
lic h e a lth
and
be
w h eth er
p u b lic
w it h in
th en
t h e r e s e r v a t io n
th a t th e
lo ca l
is
e ffe c t
and
o f
of
th e
w h ic h
lo ca l
1861
d o c t r in e
In d ia n a
and
are
ta k es
any
in
1851, th e
of
pow ers
o f
to
p r iv ile g e s
th a t
pow er.
h o w e v e r , t h a t in
b e in g
part
n ot
of
th e
th e
A ct
r e s t r ic t io n , c o m p e t e n t as a n
am en dm en t
am en ded
a s p e c ia l o r
(s o
“
v ie w
th e
S ta te
w as
s a id
th a t
H e
a ls o
observa
S u p rem e
th a t
to
s in c e
C o n s tit u t io n
by
som e
pow ers
and
o r g a n iz e d b y
S u r e ly ,
n ot
o f
o f
u n d er
oth er
th e
lo n g A ct
S ta te
o p in io n .
c o u ld
says
J u d g e
d im in is h
d estroy
th e
th e
v ested
a s p e c ia l c h a r te r t o
a b u s i
a term
T h e
of
th e
th e
In d ia n a
as
by
o f
c o r p o r a t io n
in
th e
argu m en t
th e
ch a rter re
seem s
le g is la t iv e
to
be,
p r a c tic e
re
fe r r e d t o , t o u c h in g o ld c o r p o r a t io n s u n d e r s p e c ia l c h a r
te rs , t h e g r a n t o f a n a d d it io n a l
11
H e
n o
1851.
c o r p o r a t io n — u n le s s b y
s e r v in g
w it h
e n la r g e d th e
L e g is la tu r e
fin d s
c o n flic t
o c c a s io n a lly a n d
“
p a r t ic u la r
p r io r
th e
and
had
en a ctm en t
ch a rter
it
p resen t
p r o p e r ty r ig h t) g r a n te d
ness
of
L e g is la tu r e
H e
s p e c ia l a n d
o r g a n iz e d
som e
th e
p r iv ile g e s ” o f s o m e
S h o w a lte r ,
in
b etw een
S ta te
o p in io n
q u e s tio n
am en dm en t
d e c la r e s th a t th e
th e
o p in io n
s p e c ia l, s p e c ific
is
b y th e
C o n s tit u t io n .
th a t
as
and
c o r p o r a t io n
th a t
a d o p tio n
s p e c ia l
be
con tra ct
to
th e
In
m ade,
th e
ig n o r e d
in
C ou rt.
1861.
A ct
an
t h a t t h e t w e lv e s e c t io n s
e x c e p tio n
t io n s
o f
S ta te
th e A c t
be
th e
w o u ld
co n tra cte d
le a v e
s h o u ld
c o n s titu te d
A ct
in
S ta te
w o u ld
la w
s e t t le d
th e
th e
e n a c t w h ic h
A ct
th a t, th e r e fo r e , th e
th a t
in to
“ is
th e p u b
w ith
is
th e
to
e n fo r c in g
fo r
1897
1897 A ct
as
c a r r ie r s
p a rted
m ade
o f
th e p r o v is io n s o f t h e I n d ia n a
says
and
m o r a ls , t h e p o w e r t o
en a ctm en t
agree
S h o w a lte r a d d s
m a k in g
or
a
be rea son
agreem en t
com m on
la w s
aw ay,
con cern
en a ctm en t
ch a rter
s e c u r in g
by
th o se
co n tra cte d
th e
o f
ch arges
hand,
u n o b je c
am en dm en t
an
J u d g e
o f
am en d
be
w h ic h
th e
it
en a ct
oth er
ra tes m u st
ra te s, t h a t a g r e e m e n t c o n t r o ls .
la y s
an
an
a
n ot
e x e r c is e
th e
of
be
does
n o
m ig h t
su ch
th e
a n e x is tin g c o r p o r a t io n
s e c t io n
as
yet n ot be
a n d v a lid le g is la t iv e
of
an
O n
p o lic e
he
H e
as
1861
T o
m ig h t
th a t
v a lid
1861.
m e r e ly
u n ifo r m ity
B u t
c o n s t it u t io n a l r e s tr ic tio n s
w o u ld
of
th in k s ,
A ct of
1861.
a u th o r ity
a ll-s u ffic ie n t
q u e s tio n .
scope
is w h e t h e r o r
a m e n d m e n t to th e A c t o f 1861.
be
c o u ld
pow er o f
as
pow er, w ant
th a t
S ta te
g ra n ted ,
p o lic e
and
p r o p o s it io n
w o u ld
th a t o f
m en t.
ra tes,
th e
C o n s id e r e d
en a ctm en t.
d is c u s s
w it h
been
T h e
S h o w a lte r
th e
pow er
w it h in t h e
v a lid
w it h in
on
c o n s t it u t io n a l
th ou gh t o f
t io n a b le a s a p o lic e la w , a n d
lik e
of
had
1 8 9 7 .”
p o lic e
gen eral
w h ic h
p o lic e
o f
an a m en d m en t to th e
la w
com es
agreem en t
ch a rter
o r I llin o is .
J u d g e
u n d erta k e
to
In d ia n a
le g is la t e
u n q u e s tio n a b le
th e
o b je c tio n
m ent
th e
1 8 9 7 l a w is c o n
la w
to
s u b je c t
t a r iffs is
en a ctm en t
o p e r a tio
th e
th o
its
O h io
as r e fe r a b le t o
m ent
S ta te
ch a rter
r a ilr o a d
is
th e
th a t th e
th e
c le a r in g
fo r in s ta n c e , b y
S t a t e .”
th e
o f
o f In d ia n a — as t h o u g h
L e g is la t iv e A c t
to
grou n d
th a t th e
“ T h e d e fe n d a n t r a ilw a y c o m p a n y is t r e a t e d
as th o u g h
can n ot
fix t h e fa r e w a s v e s t e d in
th is r ig h t c a n
p r o v id e d
by am endm ent
s e c tio n
th e
pow er
E x a m in a tio n
s u b je c t
it is i m p o r t a n t t h a t t h e s e d i s
be rem em b ered , b eca u se
a p p a r e n t ly
fiv e -c e n t
th a t th e
th e
gen eral
th u s
1897.
J u d g e S h o w a lte r sa y s t h a t
o f
or
w h ile s e c
b y th e
S u p rem e
o r d in a n c e .
v ie w
to ;
t h e L e g is la t u r e .”
ch arged
T h e S ta te
th e
fu r th e r p r o
b u ild tr a c k s
m ay be am ended
o p in io n a lr e a d y r e fe r r e d t o , h o ld s
o f
9
a t a ll e x c e p t u n d e r c o n d i
d is c re tio n
th a t
L e g is la tu r e
w as
n ot
“ T h is A c t
m ig h t b e fiv e c e n t s .
ta k es
s e c t io n
C itiz e n s ’ S tr e e t
c it y w o u ld fir s t a g r e e
11 p r o v id e d
c it y
B y
th e
v a lid
h a v e t h e p o w e r t o fix t h e fa r e o n
th a t th e c o r p o r a tio n
o p era te ca rs on
t io n
th e
s t it u t io n a l o n
in
C o m p a n y w a s o r g a n iz e d , it w a s p r o v id e d th a t
th e d ir e c to r s s h o u ld
v id e d
th a t k in d .
w h ic h
s h o u ld
S u p r e m e C o u r t re s ts its r u lin g
n ot con
t o th e in d e p e n d e n t
S h o w a lte r sa y s
tin c t io n s
T h e liti
ju d g m e n t o f t h e n a t io n a l t r ib u n a l.
of
J u d g e
[ *«jl* I A V.
is n o t
pow er
in t h e C o n s t it u t io n — ‘ c o r p o r a t io n s
be
crea ted
in fe r r e d
by
th a t
d e s t r o y in g
s p e c ia l
a
th e
a ct’.
s p e c ia l
r ig h t
or
in h ib it e d
It
*
p r iv ile g e
b y th e
*
is t h e n c e
*
s h a ll n o t
a p p a r e n tly
e n a c t m e n t , lik e ' t h a t o f
p r e v io u s ly
v e s te d in
to
w ord s
th e
1897,
d e fe n d -
JULY 81, 1897.]
THE CHRONICLE.
ant railway com pany to fix the fare on its lines at 5
cents is not n ncon stitu tion al. B ut the scope of the
agreem ent betw een the State and th e d efen d a n t com
pany is that any such ch a n g e on the su b je ct o f fares
m ust be by an am endm ent w h ich , w hen p u t into the
ch arter, would still leave that in stru m en t a general
la w for the form ation o f street railroad corporations;
that is to say, a law u n iform in operation under like
con d itions th rou g h ou t the S tate.” As these con sid
erations con trol. J u d g e Show alter d ecid es there can
be no in qu iry as to the reasonableness o f th e 3-eent
rate or th e unreasonableness o f the 5-eent rate.
p ia a c ta tu K ^ o m m c v c ta ljE a g lis R ^ e ttJ s
L o n d o n , S a t u r d a y , J u l y 17, 1897,
[F*roro our own correspondent.J
Mr. Sherru&n's dispatch on the saal ftoheriee, published by the
“ Tribune", and telegraphed to London at considerable length,
has caused naueb surprise here, but no apprehension. In Lon
don it wag believed that the negotiations were going on in
the friendliest spirit, and that a satisfactory arrangement
might Boon be expected. The tone of the dispat o'u, therefore,
has occasioned astonishment, but the general impression is
that it is due to Mr, Sherman s unfawli-tritv with diplomatic
usages. At all events, there is full confidence tint the good
gens* of the American people will prevent a question which
is one of business pure and simple being used to stir up
angry feeling.
A* regards negotiations in Turkey, the public here has
made up its mind that they will be protracted, nod in the end
the Sultan will give way. From every capital In S trop- the
assurances reach us that the Powers are in complete harmony,
that all attempts of the Sultan t ) create dwwiwt m will not
avail, and that both the Castr and the G ritnn Enporor are
irritated by the refusal of the Sultan to listen to their advice.
At the atm • time there are various rumors afloat which
may or may not point to dingers in the early fu'ure,
Oue report is th u aa alliance has been e included between
Turkey and Kmmanii, practically binding E to mania ti as
sist Turkey if ait inked. Toe re is much doubt as to the cor
rectness of the report, but it is everywhere ad mitt *4 that
Roumania has exercised her influence with the other Bdkan
States to prevent disturbances. Wnether the understanding,
or negotiations, or whatever ia the proper title, that ia going
on between Roumania and Turkey really do mean an offen
sive and defensive alliance, or whether Roumania only
wishes to keep Her via and Bulgaria in cheek, or whether
the Q ;rm m Emperor, who to the head o f the II >hen*olIern
family, is at the bottom of the mat er, nobody knows,
Another circumstance that La attracting attention ia the an
nouncement that arrangements have been concluded for a
Servian loan of a million sterling, Assurances are given that
the money ia wanted for purely internal purposes, but other
people insist that it will be applied to military purpose-.
In the Transvaal the dupute between the Executive and the
3 udges appears to be approaching a critical point. The Chief
Justice complains that the Executive has not carried out im
partially the arrangement arrived at some months ago, but an
absolute quarrel is postponed, although some decision must
be arrived at in two or three months. Tire Industrial Uornmtosion ha* not yet reported, but there are confident expectat ions that reductions will be made both in the railway and
dynamite charges, The mining industry to in a better posi
tion.
Early in the week an official telegram stated that the mon.
non rain* In India were very deficient all along the
western coast. Private telegram* since received ia the city,
i owever, say that this week the rainfall has been abundant
and that the prospect, therefore, is greatly improved, Along
the Bittern side the monsoon has been most favorable. Rain
has also fallen abundantly in Australia, and it is now believed
that the drought to at an end.
The dispute between the employers and the employed in
the engineering trade is being carried on and a number of the
men have struck, while others have been locked out by the
employers. It to hoped that mediation will be accepted after
a while, although as yet the temper of both sides ia not pre
pared for such a measure, A very considerable number o f
183
employers, it may ba added, have accedod to the men’s d e
mands, and, consequent^, there is an impression that theFederated Employers will have to give way, especially as
their books are full of orders and the time is m o3 t unfavor
able for a long cessation of work, Furthermore, many of the
employers say that the hour before breakfast time is really
waated, and that eight hours after breakfast is quite as effi
cient as the old nine hours.
Were it not for this unfortunate dispute, the condition of
trade throughout the country would be most satisfactory,
even allowing for the disturbance earned by the Dingley
Tariff bill and the impoverishment of India. The crops are
looking exceedingly welt, and in most industries the manu
facturers are full of orders.
O.) the Stock Exchange business is very stagnant. There is
a certain amount of professional speculation but the invest
ing public Is bolding aloof. In the American Department the
impression prevails that a3 the European wheat crop is likely
to be short, while the American wheat crop promises to belarge, there will be more a:tiv* business when Congress rises .
But as yet the public is doing nothing, and indeed the
puplic to doing exceedingly little in any department. There
is a certain amount of investment by trustees in consols, and
there Is also sons a investment in British railway nooks; but
hardly as much as is usual at this time of the year. Ia the
Mining Department prices are well maintained but there is
very little business.
Money is very abundant and cheap, for the dispute in the
engineering trade has undoubtedly checked the manufacture
of tails, and the absence of ep* dilation lessens the demand
for loans. There is a fairly goed deroaud for gold
in the open markri
Coiwqut-iUv, in spite of the
greatly increased output of the tmUl the Bank of England is
not materially increasing its reserve. The dent red hue com©
mainly from Austria-Hungary and Ruada, By and by it is
expected that a considers*']? amount will be taken by Japan,
The Indian money market is much easier, but to the sur
prise of everybody a strong demand has sprung up for Iadia
Council drifts. The Oouociloffered for t-nderon Wednesday
2-7 lacs, and the applications amount-d, in round figures, to
1681-$ lac-. The fmt 25 lacs were «ll> t d at an average price
of Is, 3 a -W , per rupee, sod sub® cjuenOy small amount# were
sold by privat comrao . The B ins of Bengal on Thursday
reduced its rate of di.-cottnt from 6 per cent to 5 per cent,
making a total reduction o f 5 per cent in five weeks. The
Bonk of Bombay also lowered its rate on the same day from
7 per cent to 6 pet cert, making a total reduction o f -1 per
cent in four weeks. The general impression seems to be
that the great demand for the Councd drafts is on
accoui r of the Continental banks, and that they are
preparing to apply largely for the rupee loan an
nounced in the Budget. At all events, it seems to be certain
that Home of the Continental banks with branches in India
were very large applicants on W rdim day, and to make sure
of getting what tiny wanted they rent in applications very
considerably above the prices offered by the Exchange banks.
The rioting to Calcutta is at an end, and order seems likewise
to have been restored in Bombay and neighborhood. Thereat*©
now strong hopes that the coming crops will .be good and
that the distress will come to an end in the beginning of Sep
tember,
Thn ** Railway News” of London reports the traffic receipts
for the week ending July It of 55 railway* of the United
Kingdom which make weekly returns at £1,753,172, against
£1.724 877 in the corresponding week of last year, an increase
of £28,205. For the two weeks o f the current half-year re
ceipt# were £8,441 352, an increase of £88.780.
The following return shows tire position of the Bank of
England, the Bank rate of discount-, the price o f consols,
&c,, compared with the last three years:
1KB7.
Sseyn.
a r r o j» u o n ....................
fUbllOdssKMlM........................
...................
74W.81S
» .? !« » »
a«*«rroor noUMsndootn........ 85.481820
Coin A bu llion, both d s p s r t m 'u
1»S.
duly 17.
law .
J u ly 18,
ss,oi«.2<>s 27,387,770 20,420,719 2fl,521.405
a u w <J«re»iu......................... 43.Mt.oss
9OT*rnmont*0Cnml««........ . Ul.W».W7
O ther seeurlll**
ims.
gtrfg 15,
30.701426
Crop.r»*«rf9toll»bUUI«..».o.
W!i
Bunk fnto ...... ....pw cent.
2
e.xaoli. 2 * par beat,.,. ......... 112 l»-l«
Stirer
.................................. 17 9-180.
Cl»»rtnir-H«o » 0 r e t u r n * .
. 122,907,000
*July 18
0,261,981
50.118,148
14,970.481
24830,121
3?.59B,$»S
4S.1»7,«S
62
a
Its 7-10
am
t 01,108,000
6,735,917
6,517,089
40,911,*65 87.0374 05
14491,370 18.770,088
23.192,(547 30,081,208
27.903,029 29.293,188
37.523,739 38.6l4.mS
58 7-10
00 1 10
2
2
107 9-10 101 11-18
80 9-188, *2811-10(1 .
174,543,090 IM.58I.C00
Messrs. Pixley & Abell write as follows under date of
July 15 :
(teld.— Th e Bank lias received £04,000 from South Africa, amt 4840,000 has heon sold f >r .Malta, fn ad dtton to the continued daiuamt fur
the Co itinent, a U r 'o urn ra n ' has also been bought for India A rriv Potnbay* ***<o?r' * 193,000
*50,000 (Sovereigns), shipments to
Silver— Th e market felt to 2 7»,ail., but with a strong demand and
n o s e lle r s of •■spot" M ire r the price has Improved to-day to 27s«rt.
A r r iv a ls : Cbtll, S3 >,000; New Y o rk, 2137,000.
Sli pmentS! Bombay,
X 141,000: Calcutta, SiO.OOo.
Mexican Dollars.— There hag been a considerable fall H Chinese Ex
change. and the prise of Mexican dollars Is now 27d. Arrivals: Now
York, £4,400. Skip neats: Stratus, 4810,0J0; H -m gK on p 4810,000
THE CHRONICLE.
L*4
July
July
t.
Bar gold, fine— oz.
Bar gold, parting.oz.
Spanish, old.........oz
New...................oz.
U ,S. gold ooln...oz.
Germ’n gold eoln.oz.
French gold eoln.oz.
77
77
76
76
76
76
76
d.
London Standard.
8.
15.
London Standard.
11*4
11%
0%
1%
5%
3%
3%
15
8.
H.
d
d.
».
July
July
Sil v e r .
11% Bar silver, ooutain'g
do 5 grs. gold.07.
0%
do 4 grs. gold.oz.
1%
do
3 grs. gold.oz.
5%
3% Cake Bilver..........oz.
Mexican
dollars.oz.
3%
281,6
27%
27Hle
29%
27
28%
28
271%
29%
27%
The following shows the imports of cereal produce into
the United Kingdom during the first forty-five weeks of
the season compared with previous seasons:
IMPORTS.
1894-5.
1896-7.
1895-6.
Imports of wheat,owt.58,912,450 59,246,910 65.209,456
B a rie v ....__________ 19,515,250 19,950,982 22,32 i,431
O a ts............................. 15,226,480 12,046,380 13,'31.797
2,012,239
2,218,980
Peas ..........................
2,896,015
3,851,262
2,844,472
Beans........................... 2,473,370
Indian corn.__ _____..51,018,840 37,331,670 22,447,0 14
Flour............................17,684,780 17.424.970 17,030,740
. LXV.
11,621,101
2,053,997
4,592.164
32,143,230
16,837,522
1893-4.
56,7.15,610
- Total...................... 99,105,552 90,355,923 101,476,602
1896-7.
1895-6.
1894-5.
A ver.prioe wheat,week.27s. 4d.
24s. 7d.
2% . 7d.
Average price, season.,28s. 8d.
25s. Id
20s. lOd.
92,882,291
1893-4.
26s. 4d.
25s. 7d.
1 6 ,8 3 7 ,5 2 2
19,309,159
Week.
Since Jan. 1.
$979,660
12,269,938
10,530,000
467,727
30
161,667
750,200
$5,852
1,963
41,915
2,094
10
1,235,787
81,454
4*23,862
172,735
$800,500 $25,159,222;
5,087.341, 50,773,792
258,500 36,629,4151
$51,821
158,863
7,388
$2,026,464
18,792,519
21,550,370
$800,000
West Indies............
500
South America.......
All other countries .
Total 1897........
Total 1896........
Total 1895........
Imports
Since Jan. 1.
Great Britain..........
::::::::
$112,616
Exports,
Silver.
Week.
Imports.
Since Jan. 1.
Week.
Since Jan. 1.
$ ............
All other countries.
$1,037,040 $25,412,721
638,000
5,750
194,284
1,061
500
134,947
442
1,983
4,735
23,378
47,497
1,577
$51,661
1.320
2.321
153,483
783,984
560,280
27,767
Total 1897........
Total 1896.........
Total 1895.........
$1,038,543 $26,388,185
1,014,915 28,903,448
734,275 20,389,889
$77,187
112,269
54,584
$1,580,816
1,523,849
1,095,748
2 7 ,6 4 1 ,3 1 3
1894-5.
65,20 ,456
17.080,740
19,186,406
1895-6.
59,24 6,910
17.421.970
13,684,043
Week.
1893-4.
56,735,610
Supplies available for consumption (exclusive of stocks on
September 11:
---------1896-7.
Wheat Imported, owt.58.912,450
Imports of flour........17,684, 80
Sales of home-grown.22,508,322
Ervorts
Gold
2711,6
'll 11% Bar sliver, flue... 07- 2 7 %
77
76
16
76
76
76
ol
EXTORTS AND IMPORTS OF SPECIE AT SE W YO RK .
- The quotations for bullion are reported as follows:
GOLD.
[V
City Railroad Securities. — Brokers’ Quotation-.
B id.
A sk .
B id.
A tla n . A v e ., B ’ k ly n —
D. D. E . B . & B a t’ y —Stk. 180
Con. os. g „ 1931 .. A & O §103
104
1st, g o ld , 5s, 193 2. .J & J 115
Im p t. 5s. g.. 1934. J & J
77
80
S c r i p .................... ............ §101
E ig h t h A v e n u e —S t o c k .. 320
The following shows the quantities of wheat, flour and B l’ eck. S t .& F u l F .—Stk. 30
SH
l s t m o r .,7 s , 1 9 0 0 .J & J §106
108
S crip , 68, 1 9 1 4 ... ......... 100
maize afloat to the United K ingdom :
B ’ w a y & 7 th A v e .—S t o c k 202 205
4 2 d & G r. St. F e .—S t o c k 320
1895.
lP tm o rt.,5 s, 1904. J & D §106
109
42d St. M an. & St. N . A v .
This week. Last week.
1896.
40
3,468,000
2d m ort., 5s, 1 9 1 4 .J & J §109
112
1st m o r t. 6 s, 1 9 1 0 .M & S §116
Wheat............... qrs... 720,000
785,000
1,630,000
B ’ w ay ls t ,5 - ,g u a r .l9 2 4 §116
118
2d m ort. in c o m e 6 s . J & J
65
151.000
Flour, equal to qra... 225,000
180,000
185,000
2d os. int. as r e n t’ 1.1905 §104
108
K in g s Co. T r a c .—S t o c k . .
43
588.000
Maize ..............qrs... 615,000
495,000
705,000
C on sol, os, 1 9 4 3 ...J & J 119*4 120
L o x . A v e .& P a v.F e» r y 5s 119*4
B r o o k ly n C itv —S t o c k . . . 1 9 1 H 192
M e tro p o lita n T ra cti- n . . . 1 1 1
E n g l i s h F i n a n c i a l . TI ar ket s— F o r C a b l e .
Con ol. o s, 1 9 4 1 .. J & J 115*2 117
iN a s s a u E le c , 5s, 1 9 4 4 ...
93
B k ly n .C ro s s t’ u 5 s .l9 0 8 106
108
iN . Y.& Q u e e n s Co. 5s, 194 6
The daily closing quotations for securities, Sea. at Loudon
B k l’ n Q ’ n s Co. & S u b . 1st 1 : 2
103*2 I S t e in w a y ls t 6s.’ 22 J & J 113
are reported by cable as follows for the week ending July 30: B k l’n C .& N e w t ’ w n—S ;k 160
N in th A v e n u e —S t o c k . .. 160
[S e co n d A v e n u e —S t o c k .. 125
5s, 1 9 3 9 .. .- ...............
§110 112
B r o o k ly n R a p id T r a n sit.
33
33*v I 1st m o r t.,58,1909 .M & N 108
Tues.
Wed. Thurs. Fri.
Sat.
Mon.
L ondon.
5s, 194 5.................. A & O
87*2 88*2
D e b e n tu re s # , 1909.J & J 102
C e n tra 1 C ro s s to w n —Stk . 198
S ix th A v e n u e —S t o c k ----- 188
273, „ 26%
1st M ., 6s, 1 9 2 2 ..M & N §115
T h ir d A v e n u e —S to c k . . . 149
267,8 260,6
Silver, per ounce....... d. 27*4
26%
112*316 112% l l 2 15,e 112*5,* 112151B Cen. P k .N .& E .R iv .—s t k 170 173 1 1st m o rt..5 s , 1 9 3 7 .. J & J 122
Oonsois., new, 23* p.ots.
C onsol. 7s, 1 9 0 2 ...J & D 113
[T w e n ty -T h ir d s t . —S t o c k 300
115
1 1 2 78
1127s 113
113
113
D eb. 5s, 1 9 0 3 .................... 103
C o lu m b u s & 9th A v e . 5s. 119*2 120
Fyoh rentes (tn PariB) tr. 104-85 04-77% 104*80 104*80 104*80 104*80 C
h rist’ p T & lO tb S t.—S tk 155
U n io n R y —S t o c k ...........
160
14%
143 q
13%
Atoh. Top. & Santa Fe.
14*8
13*c
1st m ort., 1 8 9 8 .. . A & O 101
104
1 st 5s, 9 4 2 ..
........ §106
26%
26%
28%
29%
Do
do
pref.
27*8
W e s t c h e s t ’ r, 1st, g u .,5 sl§ 1 0 0
71%
73%
74
7338
Canadian Pacific..........
73%
§ A u il a c c r u e d in te re s t.
18%
18%
19*4
19%
Chesapeake & Ohio......
1*%
90%
90*2
Ohio. Milw. <te St. Paul
89%
89%
89%
46
Denv. & Rio Gr., pref..
45*2
45%
Gas Securities.—Brokers’ Quotations.
45 * 2
45*8
©
153s
16
Erie, common...............
15%
16
15*2
o
37*2
37%
1st preferred..............
37*2
37*4
38
G AS COM P AN TES.
B id. A sk .
G A S C O M P A N IE S .
102% 102*4 102*4 103
Illinois Central.............
©
103
Louisville & Nashville.
Mexican Central, 4 e . . .
Mo. Kan fe Tex., com.
N. Y. CeLt’l & Hudson.
N. Y. Ontario & West’n
Norfolk <fe West’n, pref.
No. Pae. p r e f t r . rects.
t>D
eg
23
Phila, <&Read., per sh..
South’n Railway, com..
Preferred.....................
Union Ps^ifio............... .
Wahash, preferred.......
CO
X
W
174
54%
72
14*4
104*2
16*4
29*2
42%
5 4 7g
12*£
9*2
31
7%
16%
174
55%
72
14*2
104*2
16*2
29%
43
547e
12*2
9%
‘ 31%
8%
16%
174
55*2
71
1438
104*2
16*2
29%
42 3*
55
12*2
9%
31%
7%
16*2
175
57%
70
14 \
104*2
17*4
30*2
43
5478
1234
10
32%
8%
17*2
5 6 3s
70
1434
104*2
17*8
31
43
12 *2
10
325s
7%
18%
©o mmevctal and i^XisceHatxemis
FOREIGN IMPORTS AT NEW YO RK .
1897.
1896.
1895.
1894.
Dry goods..
Gen’! mer’dise
$1,910,183
5,607.517
T otal.........
$7,517,700
$7,296,117
$9,973,782
$9,040,825
Dry goods....... $87,010,020
Gen’I mer’dise 227,448,894
$66,210,504
198,569,636
$82,763,438
207,906,680
$46,105,241
196,99.1.751
Since Jan. 1.
$2,241,696
5,054,421
$3,338,628
6,635,154
$1,696,127
7,344,698
Total 29 weeks $311.458,914 $264,780,140 $290,675,118 $213,098,992
In our report of the dry goods trade will be found the im
ports of dry g< ods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign poets for the
week ending July 26 and from January 1 to dat 2:
________ «
EXPORTS FROM NEW YORK FOR T1IE W EEK,
1897.
For the week..
$7,357,026
Prev. reported 220,721,120
1896.
$5,983,706
207,985,782
1895.
118
114
210
75
101
118*2 P e o p le ’ s (J e r s e y C ity ) —
114*3 W iilia m s b u -g 1st 6 *.........
F u lto n M u n ic ip a l 6 s .......
80
103
j&<>nds. 6 s, 1899 ...............
195
B o n d s, 5s.
......................
185
105
265
112*3 113
115
116
W e s t e r n G a s ........................
90
90*4
106
108
1894.
$6,311,003
$5,912,228
182,659,578 200,283,306
Total 29 weeks $228.078,146 $213,969,488 $188,970,581 $206,195,534
The following table shows the exports and imports of specie
at the port of New York for the week ending July 24 and
since January 1, 1897, and for the corresponding periods in
1896 and 1895:
160
103
190
117
103
325
105
340
50
I 18
70
45
11934
1113 4
95
116
170
135
109
105
192
151
124
103
170
......
105
‘2 75
103 105
47
50
78
81
12*2 123
112
115
79 i 81
100**:101*a
Auction S ales— Among other securi ies the following, not
regularly dealt in at the Board, were recently soli a: auction:
By Messrs. Adrian H. Muller & Son.:
Bonds.
Shares.
I m po rts a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New York for the week ending for dry goods
July 32 and for the week ending for general merchandise
July 23; also totals since the beginning of the first week in
January.
For week.
B ’ k ly n U n io n Gas—S to ck .
B o n d s .................................
C e n tr a l....................................
Con Burners’ (J e r s e y C it y ).
B o n d s ...................I ..............
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 tu a l (N . Y .) .....................
N . Y. & E a st R iv . 1st 5s..
P r e f e r r e d ...........................
C om m on ...............................
C on sol. 5 s........................
A sk
115 Eagle Fire Co........... — 247
200 Hamilton Fire Ins. Co.. 110
170 Pacific Fire Ins. C o ____146
47 Sruyvesant Ins. C o ....... 85
15 Citizens’ Fire Ins. Co .. 107
50 Fourik Nat. Bank
___174*4
100 Nat. Bk. of North Am er.135*4
100 Phenix Nat. Bank...........107
5 Trow Directory Printing
& Bookbinding Co....... 37\
100 Eastern Elevator , Co.,
Buffalo.................. ....... 74*3
17 N.Y. & N. J. Fireproofing
Co..... ............................ $55 lot.
200 Standard Paint Co. of.
W. Y a.............................. 53
52 Amer. Postal Machine
Co. of Me..............25c. per ah.
1,025 Provident Savings Life
Assurance Society__ $205,500
$15,000 N. Y . & North. RR.
Co. 1st 5s. 1927, A * 0 __ 123*a
$108 E. Tenn. Va, & Ga. RR. '
2d pref. siock scrip............
$75 Col. H.V.&Toi.Ry scrip.
$77 Tol. & O. Cent. Ry. pref. }>$21
stock scrip............................
$43 Tol. & O. Cent. Ry. Co.
com. stock scrip .................
$10,500 N .Y . City 5 p. c.con.
stk. 1908-1928.MAN. 116% &int.
$25,00o N.Y. & B’klyn Bridge
5s, 1917, J&J.......... 124*4 & int.
$2,000 Eti a Coal & Iron Co.
6s, 1945, Eeh., 1897, cou
pons on..................................
5
$7,000 Genesee & Wyoming
Yal. Ry. 1st 6s, 1920, J&D. 68
gaukiug and ffitm axial
encer Trask & Co.,
Spf
BANKERS,
27 & 29 F I N E S T R E E T ,
.
.
.
65 Stale Street, Albany.
NEW YORK.
INVESTMENT SECURITIES.
George B arclay M offat.
M
o
f
f
a
A l e x a n d e r M . W h it e ,
t
&
W
BANKERS,
No. 1 NASSAU S T R E E T ,
-
h
i t e
Jr
,
NEW YORK
INVESTMENT SECURITIES.
JtHA* 31, 1SJI]
TH E
C H R O N IC L E .
■spankers* (Saactte.
D IV ID E N D S .
Per When
Books dosed.
Cent, ' Payable. (Days inclusive.)
Xante o f Company.
2%
Aug.
.lug.
Aug.
1%
Aug.
1 July 23 to Aug. 1
10 Aug.
2 to Aug. IS
The Mooey M irket and Financial Situation.—The final
act in tariff legislation which took place late on Saturday had
been so long and fu lly anticipated in Wall Street that its Im
m ediate eff'C t was insignificant. There were liberal gales o f
securities at the Stock Exchange on Monday and Tuesday to
realize profit ■, but the market1* were well suffaioed and the
movement was of short duration.
The invesim ent demand for s Turities continues to be a
prominent feature. An evidence of this fact is found in the
advance in Government bonds to new high quotations this
wtek and also in the am uat of the bids opened on Thursday
for an issue often million dollar* o f New York Oily bond*,
title bids aggregating nearly three tunes the amount of the
issueAnother feature of the present market is the activity and
advance in hinds and stocks which have been neglected fur
some time prut. This is especially true of same Southern and
Southwestern securities, including Southern Railway, Chesa
peake & Ohio, Wabash, Missouri Pacific, Missouri K»nsasdt Texas and A chijon issue*. This is largely du-> to im
proving raffle already reported and fuiure pro»pecis in view
o f the present crop estimate*
It must re admitted, however, that actual improvement i i
general husimiw is limit.d in extent and that the develop
merit so much lalked about is t srgelv pr spwt re. Uaubtle-t.
it will come, but it will probablv come alo-viv. The two*Ufa
of the new t.n tl, whatever they are. will he a matter of
gradual development in todos>riot and commercial circles.
The demand for foreign exchange hesa sorOed the offerings
and kept the market firm during the week. Gold to the
amount of $d,TOO,0Q0 has been •xported. Including $ s 300,0 W,
which will tie shipp'd tc-morrow. This is •» natural result
of the large merchandise imports of reo-nt moot be.
The open market rates for call loams on the Stock Ex
change during the week on stock and bond collaterals have
ranged from i to 3 per cent. To-day’s rate on call was 1
per cent. Prime commercial paper is quoted at
to 4 per
cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £224.3157and the percentage
of reserve to liabilities was 30'8h against 50"59 last week; the
discount rate remains unchanged at 2 tier cent. The Bank of
Prance shows an increase o f
francs in gold and
735,000 francs In silver.
The New York City Clearing-House banks in their state
ment of July 34 showed an fnoreast* in the reserve held of
f:?,039,H00 and a surplus over the required reserve o f $17,801.375, against $46,088(600 the previous week.
•
1887.
Dtfftre-n'tfr’ m
1996.
1895.
J u ly 21.
Prw *. w k &
J u l y Sf5,
J u lg ;*Zl.
A
5 0 .t b h -.7 0 O
71,830,000
A
8
..................
■
8 0 ,0 2 2 ,7 0 0
...............
73,204,000
^
0 2 . 0 2 2 ,7 0 0
71.542.100
L o a n s & A l . f 'n t * . -5 4 .0 .0 7 4 ,0 0 0 I n c .8 ,9 2 0 .2 0 0 . 47 i . 2 3 0 .0 0 0 5 " > i,I 7 6 .0 0 0
C i r c u l a t i o n . ..........
1 3 , 5 3 4 ,0 0 0 D e c . 1 0 6 ,6 0 0 1 4 , 6 7 6 , 7 0 0 1 3 ,1 3 8 ,6 0 0
Net deposits........ 022,525,700 Inc .9,238,500 403.330.2002570,942,000
S p e c i e ___________ _
0 1 , 3 7 7 ,9 0 0 In n
1 4 0 ,7 0 0
5 0 , 2 3 1 ,3 o 0 :
0 5 ,2 0 7 ,1 0 0
Legal tenders.... 111,615,100In c.3,492,000 85.807.800 110,431.900
Reserve held....... 20 2 .9 9 3 ,0 0 0 Ino.3 ,0 3 9 ,3 0 0 141,8 3 9 ,1 0 0 ! 184,732,300
le g a l reserve------1 53,031.423 Ine .2 ,3 1 4 ,0 2 5 123.33 0 ,5 5 0 142,735,725
Surplusreserve
47,301,375 t o e .1.324.075' 1 8 .4 90,550
41,930.575
Foreign Exchange.—The foreign exchange market has
been firm and s eady through the week on a good demand
for bills, with no material change to conditions or rates.
To-day's Actual raf,-s o f exchange were us follows: Bank
ers' sixty days' sterling. 4 881-4@4 80W; demand, 4 9l{4@
874^: cables, 4 ST^iJtd 8* 4.
Posted rates of leading hankers follow t
July 3D.
PHtim bankers' sterling bills on I.owUni..
Prime onmskertOal . . . ............. ....... ..........
I>,«*ii.m.;nt«ry comitieretal........................
P a ris bankers' ifr a u e s i..............
A
(m lidefM banker*,
Frteklortor Brems n irelehmarkai b’kera
1 Sixty days. [
4 87
4 85% -»4 80
4 S 5 % » 4 85>s
5
t
Interest July
Periods. 24.
2 July 21 to Aug. l
2 July 25 to Aug. 2
W A L L S T R E E T . FR1DAST, J V l.Y 3 0 . 1 8 8 7 - 5 P. at.
Surplus.................
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah*
buying 1-16 discount, selling par; Charleston, buying par,
selling
premium: New Orleans, bank, $1 00 premium;
commercial, 50c. discount: Chicago, 30c. per- ,$1,000 pre
mium: St. Louis, 85c. per $1,000 premium.
United States Bonds.—Government bonds are strong and
she new 4s have advanced
point*. Sales at the Board
1% Aug.
2 -----------to
include $80,000 4s, coup.. 1923,“ at 125*4' 10 186?<£; $2,<00 4s,
3*s Aug.
2 — — to
1 % Aug. ! 8 Aug. 1 t o ---------- reg., 1925. at 12444; $76,000 4s. coup., 1907,’ at 112Jk;
$5,000 4s. reg., 1907, at l i l 3£: $12,000 g9., coup,, at- 115,
*2%
Sept. I Aug.5 to Aug, SI
and $2,000 os, reg., at 114. The following are the closing
A
Aug. 10 July 30 to Aug. i>
3
Aug. 2 July 29 to Aug, i quotations:
R a ilr o a d * (S t e a m .1
tC. C St, L. & ih .. pt , su. iquar.t
I,a. A Mo, River, pr»f„ KUa.”----Rome Wat. & Uitd., gu»r. iquar.)
St. P a u l* Duluth, pref...............
B u n !* .
Banket ibe Jl.ohauan Co........
Lincoln National muar.l.......... . .
Tvreuty-Unrd Ward. ....................
I 'r u .t C o m p a n ie s .
Parmer*' Loan ft, Trust (quar.l
Kiags Couotr. Brooklyn (qoar.).
a n aeella n e o n s.
8 , Eng. Teleph. A Teleg. iquar.i.
C a p it a l......................
185
i
Demand.
l 8*
............
...............
Ids 5 1416,»a>5 15
403,»®4O*4 , 40%8Nl07,)i
93»,S~g.05%i : »6% 30.r.I%a
July
26.
Jill If
27.
July
28.
July
July
29.
30.
2 s,.......................reg.lQ-- Mch. • 97% * 97% - 9 7 % * 97% * 97% * 97 %
4s, 1 9 0 7 ............reg. q .- Jau. * m % m % * m % *111% *111% *1 1 1 %
4s, 1907.......... coup. Q .- Jan. -112% 112*4 112% *112% 112% - 112 %
4 8 .1 9 2 5 ...........reg. Q. - Feb. -124
124% *124% *125% *125% *12568
4s, 1925-------- coup. Q .-F eb. 125% 125% 126% “126% 126% *126%
5s, 190 4 ............ reg.iQ.-Feb. *3 13% 114 *113% *113% -113% *113%
ns, 1904.......... coup. Q .-F eb. *114% *114% *114% 115
115
(is, our’ey, *98,. .reg. X, <*t J. *101% *101% *101% *101% *101%
0*, eur’c y ,‘9 » . . .reg.-J. & J. *104% *104% *104% *104% *104% *104%
4s, tCher.H89S.ree. March. *102 *102 *102 *102 *102 *102
4s, iCker.il 899. rec. March. *102 *102 *102 *102 *102 *102
' Till* U the price hbl at the morning board; no sate was made.
Uaired ''lute- Sub-Treasury,—The following table shows
the daily receipts and payments at the Sub-Treasury :
Balances
Date,
July 24
•• 26
*• 27:
“ 29
*• 29
“ 30
Total..
Receipts.
2,909.754
4,265,035
4,114,102
3.251,205
2,511.097
4,080,507
21,132,750
suymems, ;
S'
3,098.270
3,498,088
3.175,953
3,027,515
3,224,298
3,382.307
^
s
152,847,382
151,871.660
151,928.50(1
151,-93,157
151,720,372
149,873,096
(Join Uni t's, Currency.
2,668.026
2,620,890
2,791,509
2,566,663
2,406,053
2,663,994
$
fir,437,229
58,049,955
58,700.698
59,244,074
58,894,886
01.131,800
19,404,412 .....................
1 olhs.—Following
coit.8:
are ihe current quotations in gold for
Sovereign*........... $4 88
Xapoimms—
3 88
X X BeMMBMk*. 4 78
25 Peseta*............ I 78
Span.,Doubloon#, tft 50
Mex. Doubloons 15 50
Finesold bar*— par a
<84 91
ip 3 92
a * 82
S 80
* 1 5 70
i 5 70
‘4 prem.
Fine Silver bars.. —.5 8 % » — 59%
Fivi! {rant's.......... — 90 * — 90
M- t Iran doi! art,.. — fft%» — 48%
Peruvian *oi»___ — 41 it — 42 %
English silver . .. 4 80 «? 4 90
U. S. trade dollars — 60 ®
57
State ami Kail road Bonds.—Sales of State bond* at. the
Board include $16,0.0 Virginia funded debt 2 3a o f 1981 at
M b': $3,000 Alar unoa class A at Hif f-g: $1,000 Alabama classB
at im j and $11,000 Teontssee settlement 3* at 80'to 83.
The market for railroad bonds has been unusually active
and strong, with the hu-iners better distributed than o f late.
Trat,.•mcuons in Atchison adjustment 4s aggregate a large
amount, and they have advanced! nearly 4 pointB. Missouri
Pacific l v consol. <Mhave adyanora d!4 points on limited sales.
Issues of the Un. Par, and N. Y. Sueq, & West, systems have
been aonsp cikhih features, and in several cases have advanced
from 2 to 6> j piiiols, Wabash 2ds have been unusually active
and are 2 "g points higher than last week. Brooklyn Rapid
I'rai «tt
are exc* ptional, having declined in sympathy w»th
the stock. The active list includes, in addition to the above,
Atchison general4s, Central of Georgia, Burlington & Quincy,
Rock Pl ied. .Milwaukee & St. Paul, Missouri Kansas & Texas,
Northern Pacific, Oregon Improvement, Reading, Rio Grande
Western, San Antonio & Arenas* Psas, St. Louis & Sau Fran
cisco, Southern Railway, Texas & Pacific and Wabash bonds.
Railroad and Miscellaneous Storks.—Following the close
of tariff legislation, the stock market was somewhat irregu
lar during the early part of the week. There was a theory
more? or less prevalent that the effects of the new tariff had
been fully disci unted, and that a general reaction would natu
rally fi ijow. Stocks that have been in favor with the pro
fessional element were freely » Jd for both long and short ac
count, which resulted in a decline averaging from l to 2
potato for a large proportion of the active list; but at the
decline the offerings were readily absorbed by commission
house and itm-stmett, buying. The anthracite coal group
and some of the Southwestern stocks were not included in
this movement but steadily advanced in response to a con
stant demand. Delaware & Hudson sold at 11934 on Wednes
day, an advance of 0 points from last week’s close ; and on
the mimed ay Louisville & Nashville was at its highest price
since February, 1896. The lowest prices of the week were
generally made on Tuesday1, after which the market was
strong, especially for railroad stocks, and in many cases new
high records for the year were made. There have been
some m t siions from 'the best prices of the week ; but the
volume of business has continued good and the market as a
whole strong.
The miscellaneous list has been relatively steady, with the
exception of American Sugar, which fluctuated over a range
of nearly ten points aud closes at 183)^, American Tobacco
has made a gain of 8 points and United States Leather pre
ferred, American Spirits, General Electric and Tennessee
Goal iron & Railway are fractionally higher than last week.
Brooklyn Rapid Transit has not maintained the high quota
tions previously reported, and National Lead, Pacific Mail
and Chicago Gas are fractionally lower,
THE
186
C H R O N IC L E ,
[VOL. LXV
NEW YORK STOCK EXCHANGE—ACTIVE STOCKS fo r week ending .JULY 3 0 , and since JAN. 1, 1 8 9 7 .
HIGHEST AND LOWEST PHIOES.
Saturday,
July 24
Monday,
July 26.
Tuesday,
July 27.
Wednesday, Thursday,
July 29
July 28.
Friday,
July 30
STOCKS.
Sales of
Range for year 1897.
the
[ On basis o f loo-skart lots. ]
Week,
Shares.
Highest.
Lowest.
A c tiv e R K , S to c k *.
14% Atcliiaou Topeka & Santa Fe. 22,051
14
9% Apr. 19 14% July 29
14%
14
Do
prel. 122,688 17 Apr. 19 29% July 29
28% 29% 28% 28%
4,105
9% 11 iBaltimore & Ohio
9 July 10 18 Jan. 8
9% 10
10
10
29,289 18% Jan. 7 35% July 23
32% 33%
31% 33%
34% 35%
1,695 46% Mar. 29 72% July 29
72% 72% §72% 72%
69% 69%
7,592 44% Jan. 13 53% July 30
52% 53%
51% 52%
§51% 51%
21,638
90%
89%
68% May 24 103% Jan. 19
91
89%
88% 89%
300
•9% 10 %
7% Apr. 20 15 Jan. 5
■9% 10
10
9% 10
51,232
15% Mar. 29 20 July 29
Chesapeake
&
Ohio
20
19%
20
18% 18%
18% 1 S%
200 §147 July 22 1170 Mar. 1
Chicago & Alton......................
*154
87% 88% Chicago Burlington & Quincy 136,432 69% Jan. 5 89% July 24
89
885s 88
88% 89%
*40
45 Chicago & Eastern Illinois...
37% June 7 45 Mar. 13
50
*40
45
*40
55
. Do
prel.
*90
99
§95 Jan. 8 101 June 26
99
*95
99
*95
99
10 % 1 1 % Chicago Great W estern......... 51,521
3% June 23 11% July 20
10
%
10
%
10*3
9% 10%
152,701 69% Apr. 19 89 July 24
88*4 87% 88% 87% 88 Chicago Milwaukee & St. Paul
88% 89
707 130% May 6 141% July 28
Do
pret.
§141% 141% §141% 141%
141*3
§141 141
11,055 101% Apr. 19 118% July 19
117% 117% 117% 117% 117% Chioago ds Northwestern___
117% 118%
70 153 Jan. 12 165 July 13
_ , Do
prel.
§163 164%
105,484
60% Apr. 19 83% July 26
Chicago
Rock
Island
&
Pacific
*81%
”82%
81% 82%
8 1 * 83%
80% 82% 81%
83
82
19, *80 47 Jan. 2 66% July 23
65%
66
Chicago
St.
Paul
Minn.
&Oin.
66
%
65%
65%
64%
65%
66*4
65% 6678 6514 66 *145 150
100
133%
Jan. 18 148 July 26
*142
148
_
Do
prel.
*145 150 *145 150
144 148
*145 148
5,468 21% June 1 33% Mar. 17
28% 29% 28% 29 Oleve. Cinoin. Chic. & St. L ...
28
28
28
2818 27% 28% 27% 28
22
_
,
Do
pref.
63
June
16 80 May 6
65
§65
14,239 99% Apr. 1121% Jan. 6
114% 117
116 118% 118*3 119% 117% 118% 116*3 117*3 Delaware & Hudson............
•11-1* 115
2,733
146%
May
20
158% July 2
157*3 157*3 *157*3 158 Delaware Lackawanna# West
157% 158*4 157% 158% 158 158
1573. 1 58
Denver & Rio Grande__ ____
9% Apr. 20 12% Jan. 19
12
11 34 *1034 11 % *11
*11
m i * 12
*11
12
2,830
Do
pref
44%
46
36
Apr.
20
46 July 30
44 % 45
44%
44*9 •44
*44
44% 44 %! 44
44*
300
7 Apr. 5 14% July 10
+ll*3 12 *s 11*2 11*3 Des Moines & Ft. Dodge.......
* 1 1 % 13
13
12 % 12 % *12
13
13
Dp
pref.
60
July
13
65
June 30
-----*70
*70
*70
*65
5,488 11% Aur. 19 15% July 29
15
15*3 15*3 1 5 % 1538 15% E rie.................. ........................
15*4 lft%' 15% 15%
15is
*15
2,558
Do
1st pref.
27 Apr. 19 38 July 30
37*2 37*4 38
36% 36*9 36% 36*3 37
*36*4 37
36% 36%
617 15% May 24 21 Jan. 15
§20
20 _
Do
2d pref.
21
*19% 21
20% 20% *20
2012
120 Jan. 16 126 July 19
*19.9 19ft *120 130 *120 125 *120 125 *120 125 *120 125 Great Northern, pref.
4,992 91% Apr. 19 102% July 30
lUiM 1U2M IllinolsOentral............
100 100*9 100*3101
99 % 100 % 100 100
*100i« 101
1,255
Iowa Central..........
6 Apr. 15
8% June 18
a
8
8
7%
7%
7%
739 738
7 % *7
900 23 June 8 31% July 20
Do
31
31
pref.
31%
31*3
30
§30% 30*8 30% 31
§29
28*9 29
2,797
173g Lake Erie & Western
13 May 11 18% Jan. 18
17
17
17
15*4 16
15% 17
153s 16
614*1 15
3,950 58% Apr. 1 72 July 28
Do
pref.
x70% 71 _
71
72
69
69
72
64
68
§68
69
865 152 Jan. 2 175 June 22
171 171 *1.71 171*3 Lake Shore & Mleh.Southern
170% 171
171% *169% 171
*170 17112
110 40 June 10 55 Jan. 8
Long
Island.................
.
*40
45
42
42
MO
45
*40
43
93,370
40% Apr. 19 5 % July 29
53 % 54*8 5 3 % 5 5 % 54 % 55% 5 4 * 55*3 Louisville A Nashville...
54
53°s 54*8 53
24,s91
81% May 6 94% July 28
Manhattan
Elevated,oonsol
93*4
94*4
9338
94*3
93 % 94 %
92*2 94 % 92% 94%
92*s 9 3 *
470 99% May 3 112% July 26
112 *111 112 '1 1 0 * 112 Metropolitan Traotion..
§112 ~ 112*4 112*4 112*4 112 112 *__
742
Michigan
Central.___
_
90
Jan. 28 102% July 29
§
100*
100%
§99 100*3
100 10 1 % 102 102*4
2,610 16 May l i 25 July 14
24*4 24*s 24% 24*3 24*4 24% 24*9 24*3 24*3 24 Minneapolis & St. Louis.
24
24
2,121
77%
Mar. 18 86% July 30
86*4
Do
1st
pref.
86
■
s
8434 86
85*3 86
84% 84%
843* *83% 85
*83
4,600 46 Feb. 26 57 July 29
56
56
Do
2d pref.
56
56%
55*3 56*4 54*3 57
54*8 545r 54% 56
10,853
10
Apr.
19 14% July 29
143g
14
MlssounKansas
&
Texas___
143a
143*
14*3
1438 14*8 14*3 14*4
14*4 143g 14
Do
pref 31,132 24% Apr. 19 35% July 2 4
35% 34*3 353s
34 % 35 % 35
35
3512 33 % 3 5 % 3438 35%
67,010
Missouri
Pacific__________
10
May
6 27 July 29
26%
2550
24
24*
25 % 24% 2638 25*3 26% 26*8 27
23
3,346 18 June S 24 July 30
22
21
24 Mobile&Ohio.....................
21
21
21
*20
22
22
201^ 22
20
8,997
92%
Feb.
18
103% June 28
1014i
102
New
York
Central
&
Hudson’
10 1 % 102 % 102 102*8 10 1 % 102 %
102 1021*2 101 *9 102
891 11 Feb. 11 14% Mar. 15
§14% 14*4 New York Chioago & St. Louis
13% 14
14
14
14
14
14
14
*13?8 14
67%
Apr.
15
75 Mar. 17
*65
76
Do
1st pref.
*65
*65
76
*65
76
76
*65
75
*65 " 76
510 24 Feb. 10 34% Mar. 17
Do
2d pref.
34
34*3
*32*3 34*9 *32*9 34
34% *33
35
*33
33*2 34
160
Feb.
2
§178
Jan. 4
New
York
New
Haven
<
fc
Hart.
*174 176 *174 *3 176 *174 176 *174 176 *174% 176 *174% 176
16% 16% 16*2 16% New YorkOntario & Western. 20,229 12% Apr. 19 16% July 29
16
I 6 I4 15% 16*3 16% 16*3 16*4 16%
3,502
6%
May
28
15%
July
23
134* 14*3 New YorkSusq.de West.,new.
15
1514 14*4 14*9 14*4 14*3 14% 1438 13% 14
Do __
pref. 12,530 18% May 20 35% July 15
33% 34*3
34*2 3434 33*s 34*3 34% 3533 34% 3538 33*8 35
Norlolk
<
fc
Western.................
9
Apr.
19
14%
Mar.
11
*11
12
*10i« 11*3 *10*9 11% *10% 11% *10 % 12
*10*2 12
291 22% May 5 30% June 11
Do
pref.
30*
29% *2s% 29*3 30 % 30*4 *30
*28% 29 b. *28
§29
29
9,463
11
Apr.
19
16%F’eb.
1
14% 15 Nor. Pacific Ry. voting tr.otfs.
143s
14% 14*2 14
14*4 1 4 *
14*4
14*8 14%
14
Do
pref. 57,064 32% Jan. 5 444s July 30
41
4 2*8 41% 423a 42% 423ft 42*8 44 %
42*4 42 *s 411*3 42%
1
,6
,0
16
June
8
24%
July
28
22
§2 1 % 21*4 22*3 24%
24*3 24*3 *23*3 24% Or. RR. & Nav.Co.vot.tr.ctfs.
*22
2312 22
3,755 37% Jan. S 65 July 29
62*3 63
Do pref., vot. trust.otfs.
63
62
65
5 8*3 58% 58*3 59
5 7 % 57% 58
3,125 17% July 9 20% July 14
18% 18% Oregon Short Line............ .
19
18
18
18% 18
18*8 18%
*17
18%
18
7,200
11% Mar. 29 15% July 30
PittBburgOinn.
Ohio.
&
St.
L.
14%
15%
14%
14%
15
15
14%
1434
14*s
14%
*1430 14%
640 44% June25 55% July 19
Do
pref.
52% 54
*53
56
53
53
*50
*50
55
56
*54
56
56,410
116%
Apr. 19 24% July 29
Reading,
voting
tr.
oertifs...
243s
24
24%
24
23%
23%
24
24%
24%
24*3
23 *2 23%
51% 52% 1st pref., voting tr. oertifs. 97,632 t38% Apr. 19 53% July 29
50% 49*2 51% 51% 52% 52% 53 % 52 % 53%
50
1
22%
Apr.
19 30% July 29
23,605
2d
pref.,
voting
tr.
oertifs.
30
29%
30%
30%
30
30%
30%
30%
28% 28*s 29*8
30*8
200 14% June 6 23% July 14
21
21 Rio Grande W estern.......... .
*21
22
23*4 *20
23
23
§25
May
26
54 July 12
760
Do
pref.
50%
*50
51
*50
50%
51
*50
52
51*2
49 % 50
51*3
3% June 14
4% July 24
3,350
4%
4 % 4%
438
4 % *4
4% 4 %
4*a
4%
4 % 434
1,968
Do
37%
June
10
41%
June 18
393*
1st
pref.
39
40
39
%
39
%
*38%
§39 %
38% 38%
39*3
39*2 39%
Do
1,614 10% July 28 12% June 24
2d pref.
12
10% 10%
11*3 11*3 113s 1134
§1 1 % n %
n % 11% * u
§
6
0
%
May
11
62
May
20
........
*59
60
*59
60
*59
*59
60
GO
4 Apr. 19
6 J une 14
687
5 % 5 % *5 % 5 % *5*3 5 % *5*3 5% § 5 % 5 %
5%
§5%
Do
37
Jan.
29
50%
June
18
3,360
1st
pref.
46%
47
%
48
47 %
47 % 48
47 % 47% 48*3 47 % 48
48
1,251 12 Apr. 15 17% June 15
Do
2d pref.
17
17% 17%
17%
17% 17%
17
17
17% 17%
17% *17
1,529
1
Apr.
1
4%
Jan.
18
4%
4%
4*3 4%
4%
4*9
*4*3
4%
*4*3
4%
4*s
4%
3% Apr. 1 11% Jan. 18
3,605
Do
pret
10*3 10%
10% 11
10 % 11% 10% 10% 10 % 10%
10l« 10%
326 20 Jan. 4 23 July 28
*22
21*3 21%
23
24
*21
23
21*2 21%
23
*22% 24 St. Paul dt Duluth....... .............
§72% July 16 §87 Feb. 3
Do
pret
85
*75
*75
85
2 114 Jan. 2 8 1 1 8 Mar. 3
*117 125 l§117 117 *117 125 '117 125 *117 125 *119 125 St. Paul Minn. & Manitoba...
2,750 13% Jan. 13 16% July 3 0
16% 16%
16
I 6 I2 16% 16% 16*4 16%
16*8 16% 16% 16% Southern Pacific Co.............. .
15,019
7 Apr. 19 10 Jan. 16
Southern,voting
trust,
oertif.
9*8
9%
9%
9%
9*3
9%
9%
9%
9% 10
9% 9%
30%
____ Do pref.,votingtrust. oert. 64,798 22% Apr 19 32% July 29
30
29% 30%
29% 31% 31% 32% 32
30
30%
32%
15,350
8 Apr. 1 1238 July 29
12
12
12% 12*8 12% Texas <&Paoiiic.................... .
12% 1214'
12*4 11*3 12%' 11% 12%
4% Apr. 19 10 J an. 5
7 % 8%
7 % 8 I 7%
7% K
8 Union Paolfio trust reoeipts.. 31,281
7%
7%
8%
7%
3 July 21
1
Apr. 24
1,880
Union
Pacific
Denver
&
Gulf.
2% 3
2%
2 % 3 I *2*3 3
3
§2%
2 % 2%
2%
4% Mar. 29
7% Jan. 16
3,527
6 34 7
6%
6%
6%
6%
6%
6%
7
6%
6 *9 '
7% W a b a s h ......... ....................
11%
Apr.
19
18
July 29
27,970
Do
pret
15% 16*4 15% 1 5 % 15% 17%
17
15% 1G
18
17% 18
%June 1
6% Jan. 2
1,375
1%
*1*8
*1%
1%
1%
1 %! *1%
1%
1%
1% Wheeling A Lake E rie ..........
1%
1%
2%
Apr.
15!
29
Jan.
5
79,
Do
pref.
44%
6
ms
2 I §7%
7%
57 is
7%
6
*5
6%
m is c e lla n e o u s S to c k s .
17%
July
29
14%
]
5
9% May 28
14% 14% ’ 15
16%l 16%
17%| 17
14% 14 %i
17 American Cotton OR C o ...... 11,200
64% 6ft
3,313 52% Feb. 16 68 July 30
565% 65%
61% 64%! 64%
66%' 66%
67%' 67
Do
pref.
68
9% Apr. 23 14% Jan
9
13%
19,498
12% 12% 12%
13%! 13%
13%' 13% 14 Amerioan Spirits Mfg. Co..
12% 13% 13
31
31
31%
32%' 32
32% 32% 32%
31% 31% 31% 32
Do
pref.
5,688 26 Jan. 5 34% Mar. 15
139%
143%
146%
July
20
135% 140%' 136 139% X137 139% 137% 139 American Sugar Refining Co. 218.989 109% Mar. 29
141 145%
113 113% 110% 112% §110% 110%' 110% 111% 111 111
113 113
Do
pref.
3,256 100% J an. 7 119 July 19
151,159 67% Feb. 15 85 July 27
82% 84
80% 82
80% 84% 81% 85
82% 83% 82% 83% American Tobacco Co.......
*110 112 5110 % 112
111 112
1,440 100 Feb. 11 112 July 27
'110% 112
Do
pref.
111% 112
111% 112
12% 13
7% Apr. 17 15% June 25
12% 12%
13% 13%
12% 14%
13% 14%
13% 14% Bay State G a s ......................... 14,755
96% 98%
98% 99%
96% 98% 96% 98%
97% 98% 97% 98% Chioago Gas Co., certB. of dep. 53,932 73% Jan. 5 99% July 22
*168% 169% 168% 170% 170 ' 170%| 170% 170% 170% 171% 171% 179 Consolidated Gas Company.. 17,757 136% Jan. 2 179 July 30
40% 40% 40% 40%
1,920 30 June 16 41% July 19
39% 40%' 38% 39
39
39%
39
39 Consolidated Ioe Co................
89
89
89
89
89
89
1,427 80 June 16 90% July 29
Do
pref.
88% 89
89
90% x84
84%
*34% 35
33% 33%
33% 34% 34
34%
34% 36% 35% 35% General Eleotrio Co-------- . . . . . 32,198 28% May 17 36% Feb. 2
34% 35% 33% 35% 33% 34%
34% 35%
34% 34% 34% 34% National Lead C o .................. 18,146 21% Feb. 16 36 July 22
1D3% 103% 5103% 103% 101 102
1,645 88% Feb. 13 103% July 22
102 102 5100 % 102%' 102 102%
Do
pref.
30% 31% 30% 31%
31
31%
31
31
30% 3 l% ‘ 30% 31% Paoiiic MaU............................... 15,070 24 Jan. 9 32% July 12
60 J une 9 65% Jan. 27
*59
59% *58% 59
Sfiver Bullion Certificates....
*58 ■ 59 I .........
6%
6%
7%
6*3
3% June 29 11% Jan. 19
7%
7%
7%
7%
8%
8% Standard Rope & Twine......... 10,214
9%' *7%
24
25
24% 24% 25
2 4 * 25
25%' 25% 26%' 25% 26% Tennessee Coal Iron & R R ... 17,581 17 May 20 31 Jan. 18
§7%
8
9% Jan. 19
7%
7%
6% May 22
*7%
2,900
8%
8
8
8
8%;
8 United States Leather Co.......
8
61% 63
63*
62% 63% 62
62% 63% 62% 63
Do
pref. 11,345 50 Apr. 22 61 Jan. 19
62% 62%
*10
10*
11
11
11% 13%
9,693 10 June 3 25% Jan. 19
12% 15%' 1 3 s 15
14
14% United States Rubber Co.......
§53% 53% §53
53% 55% 57
5,451 50 July. 20 7 6 's Jan. 5
55% 59%| 57
Do
pref.
58
57% 59
85
85% 84*3 86
84% 85%
23,602 75% May 7 86 Si Mar. 17/
85% 86%' 85% 88%
85% 86% Western Union Telegraph—
13%
26%
13%
26%
13%
26
9%
33%
69%
50%
88%
*9%
18%
*148
87%
*40
*95
9%
87%
140%
117%
13%
13% 13
26% 26%
26%
10 % 10 %
10
33% 34%
34%
72
70% 72
51%
88 % 91
89%
'9*4 10
10
1838
18% IS
152*3
157
........
8S% 86*9 88
*40
45
45
*90
99
99
9*s
10
10%
88% 86 % 88
§141*4
141*9
140%
117% 116*3 117*9
13%
26%
*9%
33%
§71%
51%
90%
•9
18%
*154
87%
*40
‘ 95
9%
87%
141%
117%
14
28%
10 %
34%
71%
51%
91%
•These are bid and asked; nos&lemade. § Leas than 100 shares,
I F o r In a c t iv e S to c k s, see f o l l o w in g page.
t Range dates from listing on Exohange. April S
J uly 31,
sew
THE
i m ,]
C H R O N IC L E ,
187^
Y O R K S T O C K E X C H A N G E P R IC E S (C o u t ia n e d )— I N A C T I V E ST O CK S.
July 30.
IHACTIYB STOCKS.
1 1ndicates unlisted.
Range (tales) in 1897.
Lowest.
Bid. !
f t In d ica tes a ctu a l s a lesJ
Jtdy 30.
INACTTYS STOCKS,
f Indicates unlisted.
Highest.
Bid.
Range (sates) in 1897.
Ask.
Lowest.
Highest.
Jllseellauteona Stocks,
R a ilr o a d S to c k s ,
170 Feb. 177% Apr. Adams Express............ .............. ICO 152 156 147% Feb. 155 Jau.
Albany S 8tu»<jaehaima— — 100 175
42% 13%
11
9 Jau.
10% Jan. American Bank Note Co f ___
9
A bu Arbor.................................... 100
31% 22% Apr.
31% July |Amerioan Coal................... . , — 25 120 - ....... ‘
125 '"Jan
Preferred....................................100 129
i
% Apr.
% Jan ! Ameri can Express............... „ . . 100 (115 115% :
%
116 July
A tlantic* Paeitte ................—-100
92
85% Jan.
Boston A N. Y. Air lin e pref ..1 0 0 105 107 102 Mar. 105 Jan.
94 June
20
16% May
20% Jan. Brooklyn Union Gas................. .100 !119 1195s 85 Jan. 119% July
Buffalo Booties ter & Pittsburg. 100
54% July 55 Feb.
.02% May 305% Apr,
Preferred........................
100 :s i %
SO 68 A pr. 72 Feb.
120
65
20% 15% June 27 Jan.
Bari. *Jedar Baplds 4 Nor.........100
Preferred ...........
80
40 Feb.
75 Feb.
40% Mar,
85 May
Oler. Lorain s Wheel.pref.......100
15
5%
161 Apr. 168% Jan.
3% June
5% July
CUeve'and A Pittsburg............. - SO 107
172 . . . . . . l62 % May 162% May
1% Apr.
3%
3
18 Jan.
Ool. Hook. Valley & Tot............ 100
38
15 J u y
35 Feb.
46 Jan.
30
15
37% Jau.
Preferred.................. . . . . . . . . . 1 0 0
*29% . . . . 20 Jan.
3 Apr.
2%
3% Feb. Detroit Gas.
3%
30% July
Duluth do. Shore A Allan tie 11-100
122 122% 101% Jan. 122% July
6% May
8 Jan.
7
6
Preferred V ----------------..... ..1 0 0
110% - , , „. 97 Feb. 109% June
22
20 JUL6 24% Feb.
Id
ExausvlU© A Terre H a u te ...... 50
166 %
■iO
29
30 J une 40% Jan.
63% Apr.
67 Jan.
Preferred...................................,5 2
7 June 11 % Mar.
135
29% Apr,
42 Jan.
K im A Pere Marquette.............100
Vials
29%
37
Jan.
30
.Mar.
22
May
30%
30% July
Preferred................................ -1 0 0
82
85
27% Apr.
70% Mar. 84 July
35 June
40
Greeu Bay A W estern.............100 JO
40
00
to
40
July
50
50 May
Dsl>, cents. A , . . . ................ -1 0 0 0
4 Apr.
......
12 Jan.
12 Jan.
5 Jaa.
H%
1000
Deb. c-rtfs, B ..............
.........
2 Feb.
3 Jau.
3
42 May 52 Feb.
Keokuk 4 Des M oines..............100
12 Mar. 28% Jan.
55
59
38 Apr.
58 July
Preferred..................
100 lie
„___ 10 May
32 Feb.
32 F- b.
*16
16 July
Keokuk A W estern.................. T oo
9% July
. . . . . j 7% Apr.
0
0%
3 May
6 July
Mertoan Central— ..........
.100
1 % Mar.
5
4% May
u % .........
8
Mexican National tr. ctfs.........100
i ’ s June
5% June
89
90
60% June 93 July
Morris A Essex .......................... 50 1167 s 169 ;162% June 169 July
71 June
___ ! 70 Jan.
{115%
98 May 116 July
Nash. Chatt. A St. Louis.......... 100
......... 44 Mur.
3% Apr.
5% July
: * ’ a 5%
100
New England..............
4
........ 295 Feb.
6
10% Jau.
6 July
N, Y. A Harlem ........
So 315
...
119 Jan. 122 Mar. ! Pennsylvania C o al...
i 320
340 Mur. 340 Mar.
H. Y. Lack. A Western............... 100
!-V
%JUoe
i {170
152 Jau. 171 July
Peoria Decatur A llTanavUle-lOO '7 i %
6
3% Feb.
1
I
2%
1 % June
Peoria A Eastern................- .- .t o o
.1
1% Jau.
.........100!
167
.......
ISO
May
8 Apr.
7
8
Pitts. Ft. W. A Chic, guar--------11% Jan.
102 Jau. 118 % July
Rensselaer A Saratoga. . . — . . —100 182% ....... 177 May
> ....... 116 Mar.
i 580
R ota s W a t e r t o w n A O g d e n s . , 1 0 0 119
65 Apr.
80 July
25 ;
6% ' 8
6 Apr.
Toledo A Ohio Central............. 100
7% June
70 !
37 Feb.
Preferred............- ...................... 100 U S '
U. 8. Express.......
45 i 49
48 July
97 Jan. 109% July
3 106 110
Wisconsin Cent, rot. tr.o t< s...lo j:
:i% . . . . . . i 1 June
■ No price Friday latest prise this week,
1 Aotual sales
NEW YORK STOCK EXCHANGE P M C E S .-S T A T E BONDS JU L Y 3 0 .
SECURITIES.
Bid. ! Ask. 1
Bid.
S E C U R IT IE S ,
Ask. i
Alabama—Class A , 4 to 5 ——1906 106% 107%
Class B, 5s............... .............. 190*5 105
North Carolina—6s. old.......... JAJ
Class 0 .4 * ............. .......... . 190'.. 9S
F u n d i n g a c t ................................iflOOi
Currency funding 4a— ___ 1820 100
New Stood*. JAJ........ 1- .?». Arkansas Centra! KK............
Louisiana—"* , ecu *............... 1014
New console, 4s.................... 1914
C on solid a ted 4 » .............
........
96
:....... .
Us* ***»*.. ................... .* ......1 8 1 9 : 120
louth Carolina—;%«, 20-40
103
6« one-fund
.1888'
Now York Clt* Jiauk Blutvnieot tor tiie week ending
July 24, 1897. ire omit two either* f 00J iti alt turn*.
' B axks .
<00* oa>!tt«d.j
Capital Surpl'i Loans. Specie. Legal! . : Deposits.
*
Bank of New York..|B>0OO,ojfl.Ml.i) 414,120,0 #2.010,0 93,820*01814,770,0
14.U 5.0 2,724.0' 0,652,0; 20,435.0
Manhattan Ce— ... 4950.0;
1,074,6 15.004.5
M e n h a a ia * ................ i 2 . 000,(1 i
12.007,0! 3,390,8
............... 2,000.0 2.080,0 9*0212,0 u«-5,0| 1,815,0. 9,338,0
America. . . — . .
%&m,7 W M rn i 2.570,8 9,022.5- 38,5 L1,8
'910*0
8.934.0
2W,M\
PhsSU...............
40,734,O' 8,6i2j
•
TrZtiimea't.__
2,8X7,31
4*1.8. 2,705,5
3.591.0; 24.120.5
Chemical............
33,775*3
4*887,2!
mmtx 5/243.2
Merchant*' Etch'**
1,214,1; 6.009.7
1.009.2 6.750.0
Gallatin.—-...... .f
Batchers* A Dro.'n*
U49*t
tm m 1,01*3,9
390,0; 2,21.0.0
Me, hanifl*' A Trad**;TM,$\ 1.0* 0,01
387,4! l .U U
Greenwi&h. **
*«, !
077,2’
405,5 2,050.9
Leather Mana£&c?m :
iS&S
450,1' 2.254.8
Seventh,. ...........
.
State of New Turk.
m iM 2,482,5
3,155*9:
m
American Exchange
5.834.0 91.148*0
2.413.2 3 i , m 0
3.448,3 20.371.0
2 *"7,7
3,008*0
--- ------j
5.007.3
Broadway...
1*000,0?
745.1
$,imM 737M.
9.112.0
8.455,9-! “727.8
Mm© m i® ........* .. *
554,9: 2.010.4
tm t &0..w...........-a..
491,9 2.501.1 - 435.5)
2*705,3 X4.312,8
Republic,.......... ....
m l 11.7*4.0.
9009) 5.799.9
972.2 5*793, l
O te th a a .
2.713.8
People#*.
342,5 1.830,4' 1 1
7.313.2
Northi /America.
.. . i,m ,5 t
m
m iM 8.847.1!
99,081,4
. ,782,9!
Hatsorer..,......
- 5,4i0,6
2,100*8 19,7...
3.837.0
tTTiBM. . . . . . . . . . .
385,4! 3.043,0' 372.5
#48,0! 2.902.0
ClUaiiaa*. . . . . . . .
408,0 2,322,0' 830,9
846,0; 3.071.8
..... ...........i
196.5:
270,41 2.337.7
034,5!
Market 4k Poitou.,.. \
$1
So 0,175,1
5.058.7
1M 1!
990.3 3.700.3
Shm & M t n .
im m 3.479.3: 44 4,0*
V. I *42,0 1,453*5 i 1,020,0- 10.530,8
C o r e E x c h a n g e . » .. . ( 1*000,0 1,313,2:
1,000,0
220,5 s, m s s ; 070*01 1,123.8; 8.094.9
Oon'tta«a(
Qrtmt&L
313,8! 1.700.0
400,0 1 .793,0! 150,0
, mM
tmpm%eW4k TradT# 1*500,0, 5,050,7; 23.120.0* 3.2S-H.0 7 ilH-8-. O; 27,71 i,r
Park,.
2,000,0! 3,218,8 25,200,1. 10.523*2 2>5S;4- 35.533,.
179,o: 1.223.
144,4
Mm% Surer*,..........
250,0;
1,391,0! 105,if
Fourth.—
.***. i f,200.0! 2,1
24,243.8 8,334.31 2.904.8! 28*479,
General..................... 1,000,0; f p , s
8,972,0! 1,808*0; 2,438,0- 12.121.0
Second. . . . . . . . . . . . . . „■
1,236.0, 0.259,0
m\M 5.CNH.0:
817.1
Ninth...,...........
289.8 3,299,0: 470,2*
7,037*9! 23,092,5: 8,605.4; 2.085,8; d:Stp
'TO*tW
m3,
216,0
N- Y, Nat*l Kxch'g*.
300.0
50,f | i ,849,1’: 180,3
851,0; S:S?t;8
250.0
Bowery . . . . . . . . . . . . . . .
820,3; 2,744,0;
208.4 i 3.909,8
200.0
428.9 2,725.3; M
3-80.8; 2.718.4
2.814,5i
Barmm Att^rlcas
750,0; i l l
mm
Oliste....... ..
500.0 1,502.6 10: 300,01 4.493*7 6,048.8' 34.477.7
ll005,71
8,4!-08
100,0; 1,110,0; 7.881*0- IJZmA.
m tilA T w w ..*.*,..
'807,0 2,1*01.9
.540.1! 2,222.8, 234,7;
44mwtm Bmh*n i e ..
m2.tr 3.713,7
aem arti*.,....
3,055.35 470.0;
200.0
7.185.4
VMtmi Stet0fe.ee*,.. 500,0;
1,238,8;
300.0
U m o Io .»«*.*,........
m iM . erimM
i-3*3,0| m m
soiJ;
0arRei4...............
: 4,«40J
rn&m
31)5,1; 2,021,3
Fifth ....................
O il?
2 U .7
200,0! 1 * 0
1.601.0 0*038,5
* 4,§79,7‘
B
mM&ttite M&ttfpp. 300,Q)
4 19.0 2,44 7,0
W IsiS fl#...... .
200.0
334,7! %2%4M
1 ,020,0: 9.121.0
8##feoar^, .............. .
: 7,411,0
500,01
p j .o
210,0: 1.510.0
l 1,770.0'
199*0
200,0'
007,4 3,077; r 18.206.9
! 10,00/2;
W#ef#rn..
; 3,100*0'
879*6! 5*3P 1.0
mw\
’ * *'
i*- 4,771*0
, 12*002,8. 1,010,7! 2,622.0 18.002.7
Nat* ttatga S m k .. . 1 1,200,0
'442,5
003,41
| 2,001,0.
‘iifibmtf NaI. Bank..? 500,0.
472,0! 3.70' .
320,H 4,070,S! 573,2
N . Y -Pfod eE ie l’ffi ! 1.,000,0;
310.0 2*959*0
324,01
263M 2,117,4:
Mk. i'tf K Am.'*1<?r4Am §50,0
V$i»L
1 6 10! 102
’59,02S,7}7*4,830,0 5 40,074,6 91,377,9 ’ 111*618,1 622,525,7
SECURITIES.
Bid.
. Tennessee—6s, old.
1892-1898
6s,
w bonds.......... 1892-8-1900
Do
New series— 1914
Compromise, 3-4-5-68...........1912
.
i New settlement 3s.1 913
82%
.
Redemption 4s........................1907
-j
D.. 4% *....................... 1913
-I Penitentiary 4 %s>..................... 1913
. Virginia funded debt, 2 -3 s ,...i9 9 i
64%
. I! on. deferred t’st reo'to, stamped.
4
Ask.
83
N«w Yurk City, Bostuu and Tluladelphia Bunks:
ttainf*.
n.
Ckxpiial A.*
9***U. \ L*&us.
vfy-r^a*. . Lckmi,
Deposits.* Olrc'l'n Clearing*
ys
July 0.* IHa.K51,9 6M2.707.9 P0.4* fl.flllOU.fsi.S 004,fs3.7
M 10 - 133,653,6 536,766,8 60.505.2'102,778,8 007,032,5
M 17.. 133,853.8 534.15 M 01.2:11.2 108.122,5
38
133.853,(1 540,074,6 91,377,y 111.615,1
13,534,6
II
July w
" 24.“.
Phlla.*
Jttly So.
'■ 17.
“ ■-*1
33,393.8:176,870.0:10,470,0
80,399,0 10,799,0
63.393.8 180,909,0.10,913,0:
35.388.0 |) 2,098.0
35.388.0 113,005,0:
34.388.0 112.1*44,Oi
761*21,7
508.263.6
005.777.7
614,885,3
7,634.0 182.112,0 7.940.0 04.780,8
8,403,0 182.873.0 7.079.0 103,103,8
0,882,0 182.170.0 7.904.0 97,379,2
34,003,0
35,5*75,0
35,781,0
117.070.0 0,802,0 50,884.9
118.962.0 0,840,0 59,809,6
118.484.0 8,897.0 59,558,4
* including tor Uost-.n and Philadelphia the Item “dne to other banka”
Miscellaneous and Unlisted Bonds:
Mlacellooron* Bonds,
Ch. ) on. * 8, Id*.—0«I.t»g.,iS*
CulorssdoC. A t . I s t c o n a l , , * .
C olorado Fu el * 1.—»J«n. S- * s i " * ,
IHlacellttnroiiM Honda.
Joff, tfcdear. G. & I. 1st g. 5s 100 b.
77%b.
M&iiliut. Beach H. & L. g. is.
Metropol. TeL «feTeL let 5s..
C o«m er,-.iai C a b le—1st g , 4 s . nfaVsHb, Mich.*Benin, Car 1st 5s .....
Con*,aa«Co.,<.'ble.—l(tga.$. 100%b. Mutual Uidon Telcg.-0fi,g..
D e B *rd «lelien C , .6 r . - g . d*.
Nat. Siarch Mfg, 1st 0s....... 102 b.
Det.Da*oon. i * t ......... ...
89 " a N. r A N. J. Tetep. gen. 5s..
Edison Klee. IU.On.-Ut »*.. 11* 0. ■forthwe-.toiu Telegraph—7«
no of Bklyn.-l-tS,.. •no b People-!! Oa« A 0. i 1st g. B». iu % b .
fequu. <i. L . N. Y.,eona.g. a*.
Co., Chicago...... 2d g. 6*. '109 b.
F.—l e t da . . . 106%*.
114%b.
e Tnieg. * reiop. s*. g... * 99 U South Yuba Water-Con. 0a.
**»»o*t Wharf Co.-i«t
100 b Standard Roots <&T,—I no. 5s. lS%b.
Handoreon 8 r id g e ~ l» t a. lie.
Sunday Creek Coal let g. 6s.
lUlhol* ijteel deb. 5 » ............
Western Union Teleg.—7s... 107 %b.
Western Gas colL tr. 5s.. ... , 100 b.
Nooumot. deb. 5*...............
Sor*.—1
‘ Vindicate* price PW- “ a " price .uke*L * Latest price this week
liunk S tock L is t — Latest prices. f fN e w s to c k . *N o t L isted .
CoL & .Book. Coal. A I.-S*. g.
banks.
America___
Am, Excb...
A"tor Place *
B o w e r y . . ..
Broadway,...
B n tc h .& D r ..
Central t .. .
Chase............
C h a th a m .___
Chsmloal....
City..............
Citizen*'......
Colombia ...
Cornmer.c..
Ootttinestal..
Corn Exch...
K ut A iw ,..
U t h War-1 .
Fifth A m ...
Fifths........
F ir s t ._______
First N„ 8 , 1,
144b BWmi.
WWitt’k.**,.*,
A
....
Ommrmrt^
BAN KS,
B id .
0»rfl«2d..
Qerman Am 1
Oennan J£x. 300
CtenaMiiJk... 00
Greenwich,. 00
330
U de 4Sl 1*,-. 85
Had. River*. 150
Sm.<&Traders 515
Irrtug...... 140
l e a t h e r M f»' 100
lAlwrtfr*..... 128
LIiicyin— ..
Mettbaxten.. m
M a r k e t s .FoJ
MechaniOH’. w o
N'chs' &Tr#
Mercantile... 160
M e r c h a n t ..
M eifcb’ t . K-x.
IS
Metropor«... 440
M i, M o rrla ..
...... 158
IN, A ras’ -iftm.
N e w Y o r k . . . 230
iN, V* C-Yuty m
A»k.
325
100
850
BAN KS.
IN.Y.NaliaBx
Ninth.......... 05
19th Ward.. 100
,-N. America. 130
O rient a ! . . . . .
P a c lilo — .. 179
P a r k . . . . . . . . . 250
j P e o p le ’ s . , . . .
:Phetiix......
io i
100
180
200
205
?10
Plaza . . . . . . .
Prod. E x .* .., 114* 1*20**
Hepahllo .. 145 100
173
;S e a b o a r d ___
230* ,!S e c o n d . . . . . .
102
- S e v e n t h , ...
98
j :S h o e «&Le’ t,h
if
125 I Stateof N.Y. M
'T h i r d - . - . . . . .
150* i ;Trftdesm'n**fl, 100
12 th Ward*.
120
! l ‘
: U n io n ...........
; U n io n S q .* .. 175
W i ! State
York villa *
24(7 j^Western..
hWe«t Side
375
170
115
275
7<r
130**
185**
121**
THE
188
BOSTON , P H IL A D E L P H IA
C H R O N IC L E
AND
B A L T IM O R E
[VOL. LXV
STOCK
E A C H A N ttE S .
'M hAre P r ic e " — »*ol P er C en tu ra P ric e *.
Sales
of the
Week,
Shares.
Active 8 tock s.
Indicates onllated.
Inactive 8 tock s.
Atlanta & Charlotte (Bali.). 100 96
Boston & Providence (J3osio«).100 265
Camden & Atlantlo pf. (Phila.). 50
“
50
latipreferred..........
Central Ohio............... (Balt.) 50
Chicago & West Mioh. (Boston) .100
Connecticut & Pass..
“
1(10
Connecticut Elver___
“
100
Consol. Tract.of N.J.H(PAiia.).100
DelawareABoundBr.
“
100
Flint A Pere Marq.. . ( Boston). 100
44
100
Preferred.................
Hestonville Passeng. (Phila.). 50
44
50
Preferred If..............
Hunt. A Broad Top...
“
50
Preferred.................
44
50
Kan. C’y Ft.8. A Mem. (Boston). 100
Preferred................
44
100
Little Sohuvlkill........ (Phila.). 50
MalDe Central.......... (Boston). 100
Mine Hill A 8.Haven.(Phila.) . 50
Nesquehonlng V a l. . .
“
50
North American Co..
44
100
North Pennsylvania.
44
50
Or.8h. Line all asst.pdf Boston)..100
100
Pennsylvania A N. W. (Phila . ).. 50
Philadel, A Erie........
44
50
Rutland .................. ..(Boston)..100
100
Preierred...............
44
100
Southern....................... (Balt.).100
Preferred.....................
44 100
West End..................... (Boston).. 50
Preferred ..................
44
50
United Cos. of N. .1 .. rPAiia.;..100
100
West Jersey A Sea 8h.
44
50
Western N.Y. A Penn
44
100
Wisconsin Central...(Boston;. 100
Preferred..... .............
44 100
Wore’at.Nash.ARooh.
44
100
MISCELLANEOUS.
27%
*66
35^4
*75
*36%
17
*42
120
14
74%
47%
*ia
Atk.
Bid.
97*«
270
51
24%
10
7
147% 149
240 250
28% 29
7% l" 9 %
30% 32
49% 50
61%
12% ____
46
15
11
30
45
51% 51^8
121 122
53%
54%
___
89%
18% 18i«
17
%
19
1
30%
92% 93
99% 100
. . . . . . 250
491.
2V.
214
IV
3
2=8
118 120
Allonez Min’g,asstpd( Poston). 25 •50 1-00
Arner. Ry.El. Light.. (Phila.) .......
Atlantic Mining........ (Boston) . 25
20% 21
Bay State Gas Ti.........
44
50
7
6%
Boston Land.................
44
10
4
5
Centennial Mining...
44
10
7
6%
Fort Wayne Elsot.1T..
44
25
1
*4
Franklin Mining.......
44
25
14% 15
Frenohm’n’sBay I/d .
44
5
%
%
Kearsarge Mining___
44
25
18
18*3
Osceola Mining..........
44
25
36% 37
Pullman Palace Car.
44
100 170 171
Pennsylvania Steel.. (PAiia.).lOO
Preferred If........ ..
44
100
Quincy Mining......... (Boston). 25 112 i'13 %
x amaraok Mining....
44
25 129% 130
•ater Power.................
44 100
1
*4
Westingh. Elec. A M ..
44
50 20
22
Prel., cumulative..
44
60 50
51
B o n d s —Boston.
At.Top. A 8. F. general g. 4s, 1995
Adjustment g. 4s, 1995...............
Boston TniT*5 o-aa T*t ............
•Price lnoludea overdue eouDon.
$85%
§55%
*91%
Higu-
Lowest.
14*4 July 30
374 Jan. 13
1 7 4 Jan. 8
60 Apr. 17
20 7e Apr. 2
2078 Apr. 2
217 Mar. 4
214 Apr. 7
166 Jan. 18
11 Jam 20
58 Mar. 3
89% July 24
89 July 24
9% July 19
25*4 Jan. 20
95 June 4
32*4 July 22
112 *4 July 24
9 4 Jan. 30
3 7 4 Jan. 19
74 June 25
73*4 June 15
1 6 4 Feb. 1
44*8 July 30
181*4 July 14
537e June 29
74 Mar. 4
127ie July 29
9 Jan. 7
13^8 Mar. 3
Atoh. T. A 8. Fe.(Bo*ton).100
Atl&ntio A Pao.
44
100
Baltimore & Ohio (Bait.). 100
Balt, City Pass’ger “
25
Baltimore Traction “
25
BaltimoreTrao’nHIPAii.). 25
Boston A Albany (Boston). 100
100
Boston A Lowell
“
1rtrt
100
Boston A Maine.
100
Central of Mass..
100
Preferred.........
100
Ohio. Bur. A Quin.
Chic.Mil.A 8t. P. (PAU.).IUO
Choc.OAG.vot.t.o. “
50
Clt. 8t.Ry.of Indli 44
100
Fitchburg pref.-(Boston;. 100
Lehigh Valley.. (Phila.). 50
Metro pornTrao.1T “
100
Mexican Cent’l (Boston). 100
New England....
“
100
Preferred.........
“
100
Northern Central f B a t 50
Northern Pacific (Phila.) 100
Preferred
*'
100
Offt Colony------ ( Boston). 100
Pennsylvania ...(P hila.). 50
Philadelph. Trao.
44
50
Reading Co.........
“
50
Union Pacific... (Boston;. 100
Union Traction.. (Phila.). 50
(Tllscellaneoue S to c k * .
Am.Sug’r Retin.11(Boston;—
Preferred........
44
100
Bell Telephone..
25
Bost A Montana
25
Butte A Boston J
25
Calumet A Hecla
Canton C o .......... (Balt.). 100
Consolidated Gas “
100
Elec.Stor. Bat’ylT(Phila,). 100
Preferred
44
100
Erie Telephone.(Bouton). 100
General Electric. 44
100
Preferred.........
100
Illinois Steel. . . .
“
100
Lamson8tore8er
44
50
Lehi’h CoalANav. (J'hila./ 50 42% 42i*
N. E.Telephone (Boston). 100 106 106
14% 14%
Pa.Heat,L.APow(P/u(a.;----74
Unit’d Gas I m p4
“
50 74
Welsbaoh Light 1i “
5 451$ 45%
West End Land.. (Boston)..,
'13s
1%
* Bid and ashed prices; no sale was no
Prices of July 30.
Range of sales In 1897.
86
66
92
Bonds.
Bin.
ikSA.
’ 287e
67
3 5 7g
77
38
17
125
14ig
74^
47%
i x4
109*4 Mar. 29 146% July 20
100% Jan. 6 115% July 20
205*4 Jan. 4 236 May 13
94% Jan. 2 137*a July 14
6 Jan. 11 24*8 July 14
326 Jan. 2 400 July 30
60 Jan. 8 6 7*4 Feb. 6
55 June 2 62*8 Jan. 15
15*4 Apr. 22 3 1 Feb. 1
17*a Apr. 30 33 Jan. 29
633g Apr. 1 67% Feb. 24
28% May 17 36% Feb. 2
66 May 18 78 Jan. 20
Apr. 21 4 l 78 Jan 18
15% June 2 i 23% Feb. 1
37 *4 May 26 4i*s July 22
101 Apr. 5 12 > July 30
13 Apr. 3u L6 Mar. 18
75 June 16
7 0 78 May
38*4 Apr. 6 *938 June 21
1 July 7 | 27s Feb. 9
reo.,all instal. Ipald.
f UnlUted.
» And aoorued intereat.
1.
Bonds.
Pa. A N. Y . Canal, 7p..
or, J&D
Con. 5s..........................13*
AAO
People’s Trao. xrustoerte. 4s..1945
Perkiomen, 1st ser.,5s-1918, Q—J
Phila. A Erie gen. M. 5g.,1920, AAO
Gen. mort., 4 g .......... 1920, AAO
Phila A Read. 2d, 5 s ... 1933, AAO
Consol, mort. 7s........1911, JAD
Consol.mort. 0 g . . . —.1911, JAD
Improvement M. 6 g., 1897. AAO
Con. M. of 1882, 4s -.1 9 3 7 , JAJ
Terminal 58, g . .— 1941, Q.—F.
Phil. Wilm. A Balt., 4 s. 1917, AAO
Pitts. C. A St. L., 7 s . - . 3900. FAA
Reading Co. gen. 4s......1997, J&J
Rochester Railway, con. os ..1930
Solrayl.R.E.Side,lst 5 g.1935, J&D
Union Terminal 1st 5s...........F&A
B onds.—Baltim ore- „ .
Atlanta A Chari., 1st 7s, 1907, JA,
Baltimore Belt, 1st, 5s. 1990, MAN
Balt. C. Pass. 1st 5s___1911. MAN
Balt. Traction, 1st 58..1929/M AN
Exten. A impt. 6 s ....1901, MAS
No. Balt. Div., 5s....... 1942, JAD
Baltimore A Ohio 4 g., 1935, A&O
Pitts. A Conn., 5 g...„1925, FAA
Staten Island, 2d. 5 g.1926, JAJ
Receivers’ certificates, 6s..JAD
Do. Maryland Construe., 5s........
Do. Pittsb. A Connells., 5s..JAJ
Do. Main Line 5s..........................
Bal.&Ohio 8. W .,l8t,4% g.l990, JAJ
CapeF.AYad.,8er.A.,6g.l916, JAD
A t l a M f r i e t 'l l i f ^ U V & N
111*4 Cent. Ohio, 4% g.............1930, MA8
Bufl'alo By. oon. lat, 5a.......... 1931
Cent. Pans., 1st 5 s ..—.1932, MAN
City A Sub., 1st 5s.........1922, JAD
Latawiaaa, M .,7a_____1900, F&A 109%
Chari. Col.AAug.ext.5s. 1910, JAJ
111
Choc. Obla. & Gulf, prior lien 6s..
Col. A Greenv., 1st 5-68.1917, JAJ
General 5s.....................1919, J&J
83
Oltlaena’ 8t,By.of lnd.,oon.5a.l933
Georgia A A la.,1st pf. 5s.1945, AAO
Ga.Car. A Nor. 1st 5 g ..l9 2 9 , JAJ
column. 8t. By,, let, oon. 5s.. 1932
Georgia Pac., 1st 5 -6 s...l92 2 , JAJ
Colamb. O. Crosstown, 1st,58.1933
Geor. So. A Fla., 1st 5 s..1945, JAJ
Consol. Tract, of N. J., let,58.1933
North. Cart. 6 s...... ....1 9 0 0 , JAJ
Del. & B ’d Br’k, lat, 7 s.1905,F&A 124
6s................... - ............ 1904, JAJ
Easton & Am. latM.,58.1920,M&N .........108
Eleo. & People’s Trao. atook,tr. otfa 72% 7 2 7e Series A , 5s....... — ___ 1926, JAJ
Elmir. &W ilm .,1st,68.1910, J&J.
4 % s ............................... 1925, AAO
Hestonville M. & F., oon. 5S..1924 1 1 5 *4 ------ Pitts. A Connells. 1st 7s. 1898, JAJ
Hunt. * Br’d Top,Con.5a.’95,AAO 1 04 *2 ....... Southern, 1st 5s...............1994, JAJ
Virginia Mid., 1st 6 s ... 1906, MAS
K. C. Sub. Belt lat 6s... 1920, J&D 103 |105
2d Series, 6s..................1911 MAS
Kan.O. Pltta.& G .lst 5s. 1923, A&O
76
80
Benign Nav. *%a........... 1914, Q—J .........114
3d Series, 6a................ 1916, MAS
2d 6a, gold................... 1897, J&D 1 0 0 % .......
4th SerieB, 3-4-5s....... 1921, MAS
5th Series, 5s.............. 1926, MAS
General mort. 4%s, g .l9 2 4,Q —F 103 104
West Va. C.& P. 1st. 6 g.1911, JAJ
Lehigh Val.Coal lat 5s,g.1933,J&J
95*2 96
Lehigh Valley, lat 6 b. . .1898, J&D 103*2 —
Wilm. Col. A Aug., 6 s.. 1910, J&D
MISCELLANEOUS.
2d 78............................. 1910, M&8 135 il36
Oonaol. 6 ...................... 1923, J&D 117
____ Baltimore Water 5 s ... 1916, MAh
Funding 5 s ..——......1916, MAh
Newark Passenger, oon. 5s... 1930
Exchange 3 % s........ ..1 9 30 , JA.
North Penn, le t, 4 s ....1 9 36 , M&N 112%
Virginia (State) 3s,n ew .1932, JAv
Gen. M. 7a........................ ...1 9 0 3 , J&J
118
Funded debt, 2-3s....... 1991, JAJ
Pennsylvania geu.6a,r,.1910, Var 133
Chesapeake Gas. 6 s .—. . 1900, J AT
Oonaol. 6a, o
........1 9 0 5 , Var 118
120
Oonaol. Gas, 6 s . « * . 1 9 1 0 > J&I
Oonaol. 5a, r...........................1919,Var
Clnlla* Tr 4% •.......... 1 to T
109
Boston United Gas, 2d m. 5s. .1939 § 761, 77
Burl. & Mo. Elver Exe npt 6a, J&J {119 120
Non-exempt 6s._____1918, J&J 51071, 108
Plain 4s......................... 1910, JAJ 5 98 100
Ohio. Burl. & Nor. 1st 5,1926, A&O 91041s 105
2d moit. 6 s ..„ ........... 1918, J&D U 00% 101
Dedenture 6s............1 8 9 6 , J&D §.........
97 ’ia
Olio. Burl.& Quincy 4e .1 92 2 , F&A § 96
Iowa Division 4 s.....1 9 1 9 , A&O § 99 100
Chlo.&W.Mich. gen. 5s, 1921, J&D § 52
58
59
Consol, ol Vermont, 58.1913, J&J 9 57
62
Current Elver, 1st, 5e..l927, A&O $ 57
Det.Gr.Bap.&W.,lst 4s,1946. A&O 5 681, 70
Eastern 1st mort 6 g.l906,M & 8.. $119% 121
Free.Elk. &M.V.,lst, 6s.1933, end. §132
Unstamped, 1st, 6s, 1 9 3 3 .......... §132
K.C. C.&Spring.,1st,5g.,1925,A&O I 60
65
K O. F.8.& M . oon.6s,1928, M&N § 90
95
73
K.C. Mem. & Blr.,1st,2a,1927, M&S * 72
121%
K.
C. St. Jo. &G. B .,7 a ..1907,
J&J122
90
95
L. Book & Ft 8„ 1st, 7a. .1905, J&J
Lonla„Ev.&St.L.,l8t,6g. 1926, A&O 95 100
87
85
2m., 5—6 g.................1936, A&O
Mar. H. & Ont., 6 b....... 1925, A&O f l l O 112
69% 703,
Mexican Central, 4 g . . . 1911, J&J
20
20%
let oonaol.lneomes, 3 g, non-onin.
8
2d oonaol. incomee. 3a, non-eum
8*4
N. Y. & N.Eng,, let, 7a,1905, J&J' >120 122
latmort. 6a...............1 9 0 5 , J&J 113*2 114
83 j 85
Ogden. &L.C., Con.6a... 1920.A&0
Inc. 6a....................
1920
15
Bn tland, 1st,6a............ 1902,M&N 105 106
2d, 5a...........................1898,F&A $ 99 100
105%
99
110
106
125
130
101*2
116
112
83%
102*2
117%
83%
91
118
79
80%
114% 115%
112%
106
113 113%
102
102
100
100
100% 100 %
92*, 93
60
95 100
113
112
107
113% 115
103 103%
83
83%
116
96% 97
106
112
114
110
102%
114
118
114
95
104
107% 108
116 118
122
122%
105** 105%
73% 74
64% 64%
104
115
lO ? ^ 108%
THE
■JULY S I, 1S97.J
CHK0JV1QLE.
l t d
N E W YORK S T U C K E X C H A .N 8 B P R I C E S (C o n tin u e d )— A C T I V E BONDS J U L Y 3 0 A N D F O B Y E A R 1 8 9 7 ,'
RaixsBOad asd
MISCEIsLiJlNBOCS BOBTDS.
Tn” st ' cl,JS.ln9 Range dales) in 1897
1
' { Frier i ------------- ----------------1 triad July 3 0 .1 Lowest.
Highest.
Railroad and
Miscellaneous B onds.
Int’sl
Period
Range dales) in 1897
Lowest.
Highest,
Alter. Cottoa CM, deb.,Sg.1000 G - l f | 110 a.: 106 Feb. 109 Jan.
Manhattan consol. 4b....... 1990
91 % Apr.
96% July
Acner. bpirit Ml*.. 1st, 6g,191;> M & 8 SO b. 70 Apr.
81% Feb.
Metro. Elevated.- 1st, tig. 190S
1163 s Jan. 121 June
7910). 74% Jan.
A bb Arbor.—1st, As, * .......1995 Q—J
80 % Fe-b.
2d,6s ............................„ .1 8 9 9
107%
Apr,
104%
June
j 78% Apr.
AE.T
8.F .-N ew gem I s .1995 A & O S7
87 July Meac. Xnternat’i—1st. 4, g.1942
69 Mar, 73 Jan.
55% ; 41% Apr. 36 July Mloti. Cent—1st, cons., 7s. 190.
Auj-stm ciitls................. 1995 3tov.
116%b. 116 May 119 Apr.
B’ wayft7taAY.-l»t,eon.g.5s*43 J ft V U 9% b. 116%Jaa. 1 20 % -May
Consol., 5s.........................1902
107%b. 105% Juno 108 Mar,
Brooklyn Kiev, 1st. 8g___ 1924 A s 0 * 77, b. 70 Feb. 79 % Apr.
105
MlnmAStL.—1st ooa.5«,g.l934
100 Jan. 105 J uly
Onion Elevated.—Og___ 1937 M & If ?77%b. 63 Feb. 79% Apr.
Mo. K, ft B.—1st 5s, g., go.. 1 9 4 2 --------94 b. 88% May
95% Jan.
Bklya Rap. Trane.. 5 g....l9-t;> A A O; 88:ss S 70 May 90% July
M. K. Sir Texas.—let, 4 a,g.l990 J & D
86%
82 Jau.
86% July
Bklrn.OHi:S a».l«t,0OB.5g.l845 J & Ji 111% 108% Jan. 114% July
190!
64
54%
May
61% July
B*klynWhrt*W.H—1st,5s,g. 45 F A A- 100 b. 91% Mar. 101 Jan.
91
. -1st, o o n .,6 g .....1920
68
May
91
July
BoS. Si. ft P.—Gen, >r. 5a.1937 M & Si 99 b. 95% Mar. 99 Feb.
3a, 7s....... ......................... 1906
104 b. 98 Mar. 105 Jan.
103 Jau. 113% June
CanadaSouthern.—1st,5a,1908 J_ ft J-, I l l
102 b. 100 Apr. 103 July
Pae. of Mo.—1st, ex., 4g. 1932d, 5a ................................1913 M ft S, 108 b. 104% Mar. 108 Feb.
102 b. 100 Apr. 103% Jam
24 ext. 3 s................... ..1 9 3 *
Cent, of Ga.—1st, 2., 5a...194f>iF & A 115 b. 112% Feb. 115% July
St, I..&Ir.Mt.Ark. B .,3s.loss
103 %b. 103 Apr. 104 -v May
86% June 03 :s July
Cons., 5a.* ....... ............. 194 M A N. 83%
1st e x t, £,. 4%a............1947
I0i% b, 104 June 104%June
106 b.; 106% Apr. 103% Mar. „ Gen.R’r A lan d gr.,5g.l83l
Central of N. J.~Can*.,7s,1899 'l -J
61%
67% May
83% July
Consol., 7a...................... .1902 M A X ---------- 113% June : 115 Mar.
120 b. 116% June 121 May
Mobile >VOhio—Ne w 8g . . . 1927
General mortgage, 5 g ...l9 8 7 'J A J U 2% b.(l0a May 118 Feb.
70%
^General mortgage, 4s
193*70% July
65
Apr.
!Uk&W,B.,obn.,7s,a*’d.l90O Q -M ; 100% ! 90 Apr. 104% Fab. s Wash. Cll. ftS tX .—1st, 7 s ..1913
130 b, 127% Jan. 133% June
60 b. 75% May ! 90 Feb.
**
mortgages*.1913:M & X
101%
(Mnsol. 5 * .........................1923
102%
Mar,
98%
Juno
Am. Does A Imp,, 5a___1921 J As J 113 b. 113% July 116% Feb. X. Y. Central— Deb t e x t 4». 190
104 %b. 101 % Jan. 105 July
Central Pacific.—Gold,6s. 1809 JJ. A J, 101 -8b. 100 Jan. 104% June i 1st, coupon, 7s..................1903
117 %b. 117% Jan. 121% Apr.
Extern 5 g............ , ........1898 J & J looGb. 9 9 % Jan. s103% June!
Dehen.,o»,eoap., 1 8 8 4 ..1 9 0 ! -u
m % b . 106 Mar. 111% July
Ote*. * 0Mb. -Ser.A . 6g..l908;A A- O 122%a. 119 Jan. 12l%Juae
g . T. A HSartom. 7s, reg.. 1900 M * X I l l b. 110 May 111 Mar.
Mortgage, 0 g ...................1911. A A O 121%b. 118 % Jan. 12 %Julv
R.W, (fe Ogil., consols, Ss.1832 A & O 121
117% Jan. 121% July
1st consoL.Sg...............1 0 3 0 M v X 111 a 107% Jan. 112 Apr.
West9hor",guar.. 4 s ....2 3 6 ! J <te J 109% 105 Jan. ilO%Juue
General. * % * ,* .------------ 1993-M & »
79% ; 72 Mar.! 7u % July N. Y.OUa. & 8t. L .- 4 g . . . 1937 A & O 106
106% Mar.
103%
B.A A.Dlv,, leteos., 4< 1989; J A J 103 b. 97 J an. .104% Mar. | N. 1 , L ack ,* W.—I»t»S s..l921 J * J 1 3 -%b. 136 Apr.
.Mar. 138% July
2d con.,4g..1989 J A J 92
86 Jan* I 94 Juno!
Construotlos. 5 a ............ 1983 F A A '117 b. 116% Mar, 118 Jan.
d u e. Bud, * q,—Con. 7».19«3 J & J 117% 115 J an. 120 % J unit 3 g .y . H. H. A II,—Con. deb. otfs. A * U 13S b. 132% Feb.
140 Mar.
93 Feb. \103 June; X .l.O n t & W.—Ref.4s, g,1992[5f A- 8 96 b.
Debenture,5a ......... .....19 1 3; M ft S
88% Jan.
96*8 July
Convertibles*................. 1903 M A 8 100 b. 99% Mar. loo July ; toasoi l* t ,5 s .g ------- ..1 9 3 9 J A D •I09%b. 108%
Feb.
May
Denver Division i s .........1922 K * a :
93 Feb. i 97% June i N. Y.SOS.A W .lssret.Ss. g. 1937 ■' A J 104 b. 100 Jan. 111
105
J tine
Nebraska Extension. 4a. 1927 M ft S’ : 0-1%
87% Jan. j 04% Jttiy
Gea. 5 g ........ ........... ...1 9 4 <i|F A A L .8 4
6s J u&e 87 July
Han. A St. Jos,—Cotts.0s.19i1 M A H1
118 M*r. il-22% July
m f i w d ' e f £ £ E ' O W ) U A O *119%b. 116% Apr. 120% July
OWe. * E. til.—l,et,«. f. 6a.1907jJ ft SDfUSi b. 1.14 Apr.
Apr. N or,* W. Ry.—istl oon*.,4g,'9« A * O 73
74% Mar.
67% Apr.
Consol 6g ..........................1934 A A o 126 b. 124 Apr. 12. % July No.Paeuto-lst. coup. a g .m i i J A J 118
113 Jan. 120%June
Generaloon«ol.. 1st 5 s .. 1937 M * N t o ! %
96% Feb. 102 June ': Prior U*m. r>. A Lg. 4, g.l99~ Q -J
90
90%
June
85% Jam
Chicago A Erie,—let, 5 g.. 1982 M * Si 110 b.S108%M*y 112 Jan.
General Ilea 3 g ............. 204 , : % - FI 57%
583s JulyJ 103^4 a. 03 Jaa. loo June Jfo. Paolde Ter. Oo—6g ...1 8 3 8 J ft J *104 a. 51% Apr. 110
Cble.GasL. AC.—Ia t.5g ..l93 7 J
Mar.
J *13?%i». V>% Jau. :lo9% June Ohio A Miss.—Con.a f., 7 S.189 N J ft J *102 b, 07-T* May
Clue. MIL* at. P.—Ooti.7s.190.*- J
102% July 106 Juno
J 117 b, 115% Jau. 12 u % J ubu Okiogonthern—1st, 6 g 192 J A D
1st, Boutnweet Dlv.. 8* .. 1909!J
So b. 83% Feb. 90 Jan.
1st, ho. Mian. D lv .,6s..l0 H * J
t
J****®
Getekal tuort«B te.«'gin92i M A F
8%b. 1 8%____
Apr. *15 Jan,
let,Oft.* Pac. W. Hit, 5b .. 1921; J
J;
Jw l |||i -%J*Oi0| Omfoalrapp,
h 98 a.
Oreg<mImpr.Oo.—lstog . m o l J
j &
& |>
DM
I 8 4% .June 105 July
OJltc, A M o.Elv.Dlv..5»..1926 J
j;
lQAfeJtttt.
IM Julia , < bneoL, 5 g ....... ...............193r*|A & Oft 24%
1,5
Feb. *24% July
JI ••••««•. ii 10%
% lac. A Mina., Dlv ,5g,., 1021 J
III A Juoe Ore.K.A >av. 0 « .- U t . 6g.l9(K. •' A .1; 111 b. 110 Jau. 114 Apr,
Term Inal. 5 g . „ , ............. 191 s J
110% Jan. U 8 Juna
E E * Sfav, oon*ol„ 4 g. 1946 J 4 l>! 87
90
Juu.
67% July
Goa. M., 4g., series A___1969: J
102%
90 Jau. i0;i% June ■Oreg.Sb. XJae—l* t, 0 s.g,.lB a 2 F ft A 121
1111% Jan. 121 July
MIL * Nor.~l*t.eon„6«.K»13lJ
liU b ! 110 Jun. 1118% Feb.
90%
S
t.
.
...............
1946
J
&
J
86
July
:
90%
July
tM e. * X. Pan., 1st, 5
, 1 >ki A & Q . . . . . . . <W JttU, M i Ja«.
11
. A.
!-)!,: 6,:pi.
52% July
t,
44 July
OBI*. A X. W .-i on*ot..7*.1913 Q —F 140 b U 0 JiUL 1147 July
Penn.Co. -4%g,oonp....... IsriiiJ ft J l l l% b . 109% Jau. 118% May
Coupon, gold, 7 s ..............1902 J * C> 117% 110 Jail, | iil% May Peo. Dec. A Evaawv.—6 g .l9 2 o -I * J: 9.6 b,
92 May 104 Feb.
Mnklngrond, 8» . ........... 1821*-:* A Oi 'll-) a. 114 jan. 119 Mmz,
0 / b, 91 June 106 Fob.
Evans, Division,« g ....... 192 .. M ft
Wnklngf and, 5«..............1929 A * i>! m m * . UM \ A|*r. I l l s ■July
24 mortage, 5 g ............... 192 k, M ft S'it !1%... (10 May
27% Jan.
Oinking fuml, d e , 7 s 1933 vr v > 11?
11.0% JMl* 1117% July
Pitts, rfu ft U. i. . 1st. 5 g. 1940 A -V <« 105 b.
25-yeardateiiture, 5«. . . 1909 .'<1 a :: X00%b. 100 Jikll. j110 Apr. Pittsburg A Western—4 g. 1917'J ft .1 73 b. 95 Jam 106% July
66 Juae 74 % Juu.
Extension, 4 s..................u>2(, F Jt s ,104%0.|I01 Jau. [Uhl Jo
Heading ‘ M.—Gen., g. -u lu-.i'r .1 «fc Ji 93%
84% Juno
80-8 Apr.
Mil. 1.. ail. A W „ 1 st, Ug. 1921 if * N 130 %b. 131 Ma f 13
July I ftMOr. Western—1st 4g..l9:ii<.J ft J: 79 %a. 70 % Mar. 78%Juue
Bitten.* Imp., 5 * .....1 9 2 9 'F * *i 117
112 Mat. I l l July SSLJo. * Gr, 1st—2- 3 - i . . . 1047 J ft J, 66 %a. 62%
June
66% July!
Obis,R .i.A pao.—S»,ooBp, 1817 J * j . 133
12#% J»u- 1134 Juste j 6t- l* A dan Fr.—« g , n . h i .k ., M a ,n 116% 112 Jau. 118%
Fan
ExtensionandooL.5 * ...1 9 3 4 :J ,fc J 10.5% 101% Jau. lib# J uno i Generai uiurtgage, 6 g. .1031 ,1 ft. .t I 113%
110%Juno
108%
Jan.
30-year dalkentore, 5 s ... 1921 M * - 103
03 Jau. 101 July
Isi3i:,i ft .1 a 1
General. 5 g, ..............
lOl%Juno
04% Jan
Chle. 9*. P.M. * O .- t e .. loots '.I A 11
12# J HU. 143d % May
<«%b. 62% Juu.
Ratt.ro.vL 4 « ............. ..199613 ft .1
70% Jute
Clev. Ltir, ,t W U « l.-r s . 1933 A A (> 101 h. ># May 1102 Janj
9*. t» A "I). W -1»L 4
1 -t•= . S
69%
70 Jan.
60% Apr.
0. V.
Consol.Tg ...1IH4:J A I.V 130 bv! 130 Jaai 134 % Mar
„
5W,
te,
r,j
laeornn
---------IBs.)
-!
ft
J
27
b.
2H Jan.
IS
Apr.
Gccrrni. cs>tss*il..6 g ... 1:1.14 j & j ;! 124 %b. 103% Jan. -127% May at-P.Sf.AM.—Dak.Ex..Og. I i 1 - '-I ft N 122%
110% Jan. 122% July
0, ©.C*St..L.-«t.I«Olv-.,U.I98O;M A S' 0:
4 Jan : 96% ApD
Isttenaol.fe g ................ 193 .. J ft J"!
123
Jau.
129
June
P eoria* Eastern.4*. . 191*.* A * O'- 73 a. 66 June I 75 Jan.
r»la ee d tu 4 % g..:.i ft J 1 0 5 ® 102% J an. 107%J uue
g » C * » U l Are. go. 5», g ..l9 < n M * u- 1111
1.15% Mar. iiao July.
Montana extension, t g.1987 -I ft D 93 %
' - ■ Jau,
*
94% May
87%
001,
H.V*L*ToL—Con..5g.l93i;-M 7.'%
A
63 Fell, s 66% Jaii.
8sn.Aal* A P.-ist,4g.Tgu.'4a .1 ft J 60%
54% J tin,
61 % J uly
GeoeTul. S g ......... ...........1904 .! A
50 b. 49% Feb.
37 Jau.
te. < *r A ila. - U t , 5 g
in
1 ■
90 b. 87% Fob.
03 Apr.
I»«bv . A iU o « r .-l* t .7 * ,g . loop;M A
119 B 109% May 113% Apr.
te. PttClUe, Arts. —
.. 1903- li). J ft J! 07 b 00 Fob.
99
July
1 st oonsoL, * g,................ 1036! J *
8 vet). 87%. July 90 Juno te. Fauitlc, Oai.-ti g ...l9 0 » -ly ! A ft u 1108 b.
106 May 108% July
DuL * iron R*ge -1st, 5s. 1937:A ,t100 b. 97% June 10J% July
lst ounsoL guld, 5 g....... n* i M ft 5
no b. 85 Fob.
91
%
July
D-.1.80. ail, is. , U ! . - V ....!:>.!7 J A
101%
09%'Jan. |101 Ju
80. f% eiao,«. M,—Ug.......1911.1 vt J 10 1 %
102 Jau. 106 %J una
Edison Kl. ill.— Ist,f.-on.g.5s.'3f, J *
112 b. 104% Jan. 114% June HotUBern—1st eons, g, Ss.lOm J ft .1 91
37% Mar. 93 %J uue
Erie—4 . g, prior tends___ 1996'J *
89 n. 38% May 95% Feb.
E.Tean.reorg.
Uea
4
5
a
.l
93
M
A
8
*
0
0
*
89% Jau.
86 May
General, 3 - 4 ,g ..............199«'J ,1
66 -ib, 62 May «< Juno I £ ,T , v . * a . —ls t,7 g ..,.1 9 0 u J ft J log b .,107%
Jau. I l l June
Erie Ky.—1st. eon., 7 g .. J92<-iM k
— * g
“ ........................195
1 an... -:M
\r ,v >• 10!l%b. 107 Jau.
144 b. 139% Mar. i t Ju.
Oon.5
109%
Apr.
L'g pook, oonsol., 6 g. 193-'. 1 4
136 f>. 138% J an. 138 Mar.
Georgia P»c. l»t5-6s, g.,i!*a„ .1 ft .1 1 11 b. 107% Jau. 11 i J une
Ft. W. A Den. City,— 1-6 «. 192 1 J ... ft 66%
53 Jan. : Of % June
116%
June
v ;v ,J“ ‘" I '" ,s*-*i •u ' - - •' ft J "113 b. 112 Jan.
Gal.-H.A8an.Ait-ST,AP, D.lsr,
H & ,v: 89 b. 86 M.ty i: 01 % Feb.
glam * i»anv. 00m .0s,g.. 101 .1 ft .1*122 a.|U71s Jam 12-1 %J une
Sen. *Jectno,/leo.6 » ,v .» .i0 2 iij ,V d ’ 100%b, 90% J'mn. 100 Jnna
» h W stE *o.C arlstooa.8s,gl014 .1 * j 113%
-----1111 % Jam 116 %Juue
B ooa.*T.C «Bt.g«B.-*i,K .l» 2 i : t * oi 72
6-5% Apr, ! 78 July*' bSmmtard ltope*r..tst.ug.i0 i.)-!r * a
70
; 60 Juno
79% Jam
HilnolsCentral.—4*.g . .„ . 19 .53:M 5- U 0 i% o
09% Jau. 103 J uri, XenQ- Q L St &y -T em ilk lst, tLlA * o' 80%b. 79 June 88% Mar.
W eaten >ti8**,l«.4s,g.t!i3l-'F * ** 1 0 .5 b, 100% Feb- : 105% May
Birmingham Dlv., 6 g . . . m i l J ,v .1
89 Mar,
| 79 Apr.
IsLAGreat Xor.—l*t,S*,g liilp M A ff 120%b. 117 May 120% July T exas* P aem o-lst, 5 g ..2 o o .1 * oj 83
91%
85% Jau.
94% July
tt .4 % -6 * ........................ 190:1 M .v 6 83
73 Jan. 1 83 July
.
— — - -g .........
Hm
March I 29%
24Mnoome,5
18 Apr. | 2 9 “i July
tow* Central— l * t ,5 g ....l 9 3 6 ;j A Di 04 b. 88 Apr. i 97% Jan, Tnleiio* Ohio Uent S g ,.l o j.i J ft J *102%b, 102
Mar.
108
Feb.
C0.E I 0V.—lst,$g 1925-J ft J m
Fcii. 80% Mar. Tol. 6L L. -VK.iu, 0 , - 0 g. ..191 £) .» ft D < 77% 1 06% May 17s%Jt«us
io t%
93% Jan. lOl'iiJul}- OhWtl i'.«UU-.-flg.......
J
*
J!
101
b.
101%
July
105
Feb,
Lake Erie A W e s t.-5 g ....l9 3 7 .l ,v 3 -ll->%b 113% Jau. 119 J itne
Ext, sinking fund, 8....... led
M ft S t 08
85 Jau. 198% July
Is8kot«u-Ci»n.cp? Xst,7s.l9£Kt!j * J: 109 %b. 109% Jmy 111 ,! it.a
Collateral trust, 4 % .....1 9 i 3 M ft. N I 40 b. 140% Jam 150 Jan.
Conaol. oonp.,26, 7s------ 190,v. J ,i- D
119 Jau. 121% Mar.
CuuaU tr. 6(1, g. notes,, .4902 ,F w
101 May !103 July :
ft
A
103
b.
GoW. s%s. .................... 1997U * o 103%b. 103-- -fulj lo t J •.K*mFam -Den,Dlv.,8g.lsvi - M ft S< 118%b. 113% Jau. 117% May j
ten,Val.Ter, 1st. go., 5s. 104i V ft O 110 0 .1 0 6 Apr. 111% Mar.
lstoonaoi., 0 g
.
19l y M ftr K I 8.j% 107 Jam J 80% July
Lex. A v .* P » v ,P .g a .5 s g 1983 '! i 6 *110
115% Mur.
_____
.. 120 J uly
CX)n.|5gl91:i V & O
103% Jam it SB %June;
Lon*
Island.—1st
93
!1- a
-,1 *119 a, 113 Jan. 119 May , G.P.Dou.ft Gnlf,oon.,.'i
.— e«n,,Sg.l
-......... .. •
■■*-j -.j
-yr—-------:—
g.ia.j,. j * p 40%
33 Apr. ! -ii% July:
. «*!“ <>'*> “ « « . -g e .t g ... 103 . ,1 a j, St. a, 76% Jam
88% Mar, U. 8. Leather—8 *•' uvb.6g.iin % ,v Ki 112 %b, 110
May 114 Feb, i
* ? “*b.-<-% n«-7s..l808
ft. o 104%b. 102% Apr. 106% Mar,
VUglniaitM —Gon.M.. 5s.l03i. M a- >. 102 b, 100 Jau. 103% Mar.
S , 0 .*M »bile, ls t,« K ...l» 3 0 .i a J -1 H b. 116 Jan. 123 June W ab**h-l»t, 5 g ----------..UM.I M ft V 101
lO faJu u n 107% Jan,
"
, *
2d, 0g.„ 1030 3 a- J *103 b. 93% Jan. 103% Mar.
2d mortgage, 5 g . , . „ -1 0 3 9 1* ft- a ' 74%
03% Apr. 7 4% July
general, 8g . „ ................. 1930 J a |> U»J%b. 116% Jam 119% May
W e**». 1. * Pa, —1st, 5g. 1037 J ft. .1 106
104% Jam 109% June
anlHed.Ag---................. 1040 J ft. J 82 3b.. 7?% Jam : ? “3*%.Inly
,2-3-4*,
•* . . . . . M043
------- A ft Q * 48 %b.: 43
Gem
2-3-4*, gold..
May
60
1
.......................
* Feb.“
Lorns-S.A. * C b .—l*t,««.19X o;j ,1- .1 112 b.
J®” - JJfls
WMLOn.TeL-Ool.tr. 5S..1938 J ft J 107%b. 100% Jam 109 .1uiie( on ,. 8g.tr. rt. ..............10111
A * 0 * 1 9 2 b.
_....................
•
*81
>93% JulyWUo. Cent. Co 1st. 5 g
1937 Jft
J t 33% 123 Mar.
May140 l
S o 7 E .-,,b" UaUcstas prlee but; "a ” price Miked; the range Is made up from actual sales only. * Latest price this weak. t Trust receipts.
M H if Y O R K S T O C K
BEtJUillTHse.
Railroad Bonds.
(MioeM Krehange priest.)
Ai*r.*ij;,.VSLf. - Ist.g guar.. 1928
Ateb. Topeka * S *» F » n . _
Oklcago * Bt, f» n ,—1 st, 8 *.1015
Allan. * Oaar.—lst. g , 5* .1950
AO. * Pad,—
Western Division Income. .1910
Bid
E K O O A .V O E P R iC E S -f C o n U n n e d ) , - I N A C T I V E B O N D S —J U fA
Ask.
8KUUR1TIK8.
Bait. A Ohio 1st. 6s, Park B. 1919
fcbSoM .......... - - - - - ...............1925
Cons. mori.. gold, 5s............ 1083
W Va. A P ittA -S t ,* ., 5*.. 1990
B. A O . 6. TV., 1st. g .,l% 8...l 9 9 0
Mo non. River, ls t,g .,g .6 s ..l0 l,<
Cont’l Ohio Beo .—I*t,4 % ».l9 3„
Ak.*Cb.Juno,—l*tJt,5s,gu.l9J(
Brooklyn Bleva ed—2d, 5 »...1 8 .S
Saacideft B.B. —l»*.v.5«.gT).i .12
1
Bid.
Ask. ;
to .
BECUK1TIE8.
100% Brunswick A W'D—1st, g., 48.1938
'73
Bnfr.K.A PtttB.—R.& P.fti„6s.l921
Roeb. A Pitts,- Con8.lst.0s.1922
Clear. A Malt.—lHt,gu.,g ,5s.l943
Buff. A Snsipiel).—1st, OS, g .. 1913
Burl, Oed. Bap. A No.- 1st, 5s. 1906
97%
Consol. * oollat, trnst, 5 s ..1934
Minn. A St. L,—1st, 7s, gn.. 1927
'43
Ced. Hap. I. F. A N,, 1st, 6s. 1920
Ist. 5s___
...1 9 21
Bid.
125%
120%
10S 109
'105%
104
103
THE
mu
C H R O N IC L E
[V o l . L X V .
NEW YORK. STOCK EXCHANOE P B IC E S.-Z iV A ariV B BONDS-(Oon.liriu.iiJ
SECURITIES,
Bid.
Ask.
SECURITIES.
Bid.
Ask.
JULY 39
SECURITIES.
Bid.
Ask.
124
N. Y. A Northern—1st, g. 5a..1927 123
Erie—(Oon.)—
1st, con., ft.. Id , 7s ...............1920
N. Y. Suaq. A W est—2d, 4*8.1 9 37
B. N, Y. A E.—1st, 7s.......... 1916 ■133
Terminal, 1st, g. 5 a ............ 1943 107
Butt. A 8. W.—Mortg. 6 s ....1908 100
WUk.A East.—lat,gtd.,g.5s.l942
97*
37* 37*
fetlereon—1st, go. g 5s ....1 9 0 9 106
Northern Pacific—
131*
13
Coal A R R .-6 B ...................... 1922
St.Paul A N . P,—Gen., 6 s ..1923 129 133
Dook ATmpt.,l8t6a,our’oy.l913 i'0'3'
Norfolk A South’n—lBt, 5a,g. 194’ 107
Norfolk A West.—General, 68.1931 123
9 6 * Sv»n8. A T.H.—let, cona., 68.1921
*95
’ st. general, g., 5a................ 1942
New River lat 6a..... ........... 1932 118
Mt-Yernon 1st 6 s ................ 192?
Imp. A Ext., 6a..... .................193'
Sul. Co. Br. 1st, g., 58...........193C
Col. Conn. ATer..lst,gu.g.5s.l922
° V ^ 5 e , ° 7 e r l e 8 A B C D ..1 8 9 8 lOO^e
Evaua.
A
Indian.—lat,
ooiib
..
192t
100
Ohio
A Mise.—Consol. 7a........1898 102 1 0 2 *
1
0
0
*
Gold 6 s, serieB E . . . ............ 1898
114
119
Flint AP. Marq.—Mort., 68...1920
2d oonsol. 7a......................
1911
Ban Joaquin Br., 6b..............1900 102
lat,
oon.
gold,
5
a
....—......1
9
3
9
101*
80
Spring.Div.—Iat7a...............
190P
Mort. gold 5e............ ............1939
Pt. Huron Div.—lat, 5 b ....1 9 6 9
General 5a................... .....1 9 3 5
76* 79*
Land grant, 5 b, g..................1900
Fla.
Ceu
A
Pen.—latg.
5
a....1918
Ohio
River
RR.—lat,
5e...........193f
1C2
Cal. A O . Div., ext., g. 5 s ...1918
1st, 1. g.. ext. g., 5 a ............. 1930
Gen, g .,5a. . . . ...........
193*^
West. Paolflo—Bonds,6 8....1899 101
59
Omaha A 8t. Louis.—1st, 4 s ..1937
56
89
lat con. g., 5 s ........................ 1943
(To. Railway (Call—1st, 68.1907
F t.S t.U n .D ep —1st,g., 4 * s .1941 1 0 5 *
Oregon A Califor.—lat, 5a, g.1927
92
87
SOrear 5b.
.............. .1938
Gal.
Har.
A
San
Ant.—1st,
68.1910
Oregon
Short
Line—
Oent. Washington—lBt, g., 68.1938
Utah A North.—lot, 7a.........1908 117 121
2d mort., 7 s............................1905
Chas. * Sav.—1st, g., 7 b. .....1 9 3 6
Gold, 5a................................ 1926 100
Ghee, dt O.—Par. M. fond, 68.1898 1021* 1 0 3 * Ga. A Ala,, 1st, pref., g. 5s. ..1945
Penn-P.C.C.ASt.L.Cn.g.4*sA194'
Ga. Car. A Nor.—1st, gu. 5s,g.l929
Craig V a lley -let, g., 5 s .... 1940
Housatonic—Cons.
gold
5a....1937
Do
do
Series B 1942
122
Warm Bpr. Yal., 1st, g. 5B..1941
N. HavenADerby, Cona.5e..l91f
Do
do
Series 0 1 9 4 2
Eliz. L.A Big 8andy-G . 58.1902 1 0 1 * 102
Houa.
ATex.
C.—Waco
AN.
7s.
1905
Do
do
Series
D, 4a, 1945
125*
•Oke*. O. ASo.WeBt.—1 st 6 s, g.1911
111 112
P.C.AS.L.-lst,0.,7a................ 190
la tg ., 58 (int. gtd).—.......... 1937 1C8
Id, 6a.......................................1911
Cona. g. 6a (Int. gtd)............ 1912 106
Pitta. Ft. W. A O —le t ,7 a ...191! 1 3 7 *
Oh. V.-Gemoomlst.gmg,58.1938
Debent. 6s, prin. A in i gtd.1897 100 103
2d, 7 a ...................................1912 137
Chicago A Alton—8. F., 6s— 1903 112*
Debent, 4a, prin. A int. gtd.1897 *99
3d, 7a.................................... 1912 132
Louis. A Mo. River—1st, 7B.1900 111 112
Oh.8t.L.AP.—1st,oon.5s,g...1935
niinois Central
Id, 7s................................... 1900 1 06 *
ist, g., 4a .................... ......1 9 5 1 108 1 1 2 *
Olev. A P.—Cone., a. fd.. 7a.l90C 111
St. L. Jacks. A Chio.—2d, 78.1898
1st, gold, 3 * 8 ....................... 1953
Gen. 4 * 8 , g., “ A ............. 194'
Mlss.R. Bridge—1st, s. f., 6s.l912 105
Do
do
Series B 1942
Gold 4s................................... 1952 1 02 *
Ohio Borl. ANor.—1 st, 5 s.--.1 9 26 105=8 06
St. L .V .A T .H .—1st,6 s.,7 a .189
2-10 g., 4s..............................1904
Chic. Burling. & Q.—5s, 8. f ..l9 0 1
Cairo Bridge—4a................... 1950
2d, guar., 7a.........................1898 101
Iowa Div.—Sink, fund, 5 s.. 1919
Gd.R.AI.Ext.—1st,4 *s,G . g. 1941
Spring!. Div.—Coup., 6s---- 1895 101*
100*
Sinking fund, 4s.......... .. 1919
Middle Div.—Reg., 5a.......... 1923
Alleg.VaL—Gem, gu., 48, g.1942
Plain, * s ........ - .......................1921
N.ACin.Bdg.,gemgu. 4 * 8 ,g. 1945
O. St. L. AN. O.—Ten L ,78.1897 1 0 2 *
Chicago A Iowa Div.—5 s .-.1905 105
Penn.RR.—1st real. eat. g. 48.1923
1st, oonsol., 7s.................... 1897 1 0 2 *
Cnio. & Indiana Coal—lBt 58.1936 100
Gold, 5a, ooupon............ ..1953
Cle.A Mar’ta—1st, gu.g.4*s. 1935
125
Chi. Mil. A 8t. P.—lBt,8s,P.D.1898 1 07 *
D . Elv.RR.ABdg—lst,gu.g.4s.’36
Memp. Div., lat g. 4a.......195) 103*
2d, 7 3-lOs, P. D ...................1898 *138
Bellv.A So. 111., gu., g., 4*8.1897
Peoria A Pek. Union—let, 6s .192) 115
1st, 78, $ g., R. D ...................1902 137
Ind. Deo. A W.—let, g., 08....1935 103* 105
2d mortg., 4 * s .........
192)
79
1st, I. A D .,7a...................... 1899 136
Ind. His. A Iowa.—1st, g, 4a..1939
Pitta. Oleve. A T o l—1st, 6 a ...1925
89
1st ,C. A M., 78...................... 1903 136
lat, ext., g. 5a....................... 1943 *40
41
Pitta. A L. Er.—2 d g. 5a, “ A ” . 1928
1st, I. & D. Extension, 7 s ...1908 137 1 3 8 *
Int. A G. N’m—3d, 4s, g ........ 1921
13
Pitta. Mo. K. A Y .—lat 6s.......1935
41
1st, La C. A Dav., 5s.......... 1919
let, H .A D .,7 s .....................1910 i'28* 130' Kings Co.-F.El.,lat,5,g.,gn.A.1929
Pitts. Painsv. A F.—1st, 5 a ... 191 <
38
Pitta. Shen.AL.E.—lstcon.5e.1943
Lake Erie A West.—2d g., 5a.l941 100
1st, H. A D .,5 e .....................1910 107 Li 110
Nortli’n Ohio—1st, gu. g. Ss.1945
Pitta. A West.—M. 5s, g.1891-1941
Ohloago A Paoitlo Div., 6 s ..1910 118 120
101
Pitts.Y’gat’n A A —1st, 5a,oon.1927
L. 8. A M.Sou.—B.AE.—New 7a.*98 *104=8
Mineral Point Div. 5s.......... 1910
Rio Grande So.—1st, g., S-4s.l94(
Det. M. A T.—1st, 7a............1906
0. A L . Sup. Div., 5 s . . . ........1921
Fargo & South., 6s, A8SU...1924 107
Lake Shore—Div. bonds,7a.189P
St. L. A. A T. H.—Term. 5 a ..1914 105
Bellev. A Car.—1st, 6s......... 1923
Ino. oonv. sink, fund, 5 s ....1 9 1 6 105
Kal. AIL A G. R.—1st gu. 5S.1938 120
ChLSt.L.APad.—1st,gd.g.5s 1917 105
Mahon’g Coal R R .-lS t, 58.1934 123
Dakota A Gt. South., 5s___1916 1 1 0 * 112
MIL & Nor. mainline—6s ... 1910 118
St. Louis So.—lat, gd. g. 4s. 193)
LehighV.(N.Y.—1st gn.g.4*a,1940
100*
90
Chlo.ANorw.—30-yeardeb.5s.1921 114 115
do
2d income ,58.193)
Lehigh V’y Coal—1st 5a,gu.g.l933
Lehigh A N.Y.—1st, gu. g. 4a.l945 *90
Eseanaba & L. 8.1 st, 6a....1 9 01
Oar. A Shawt.—1st g. 4s___ 1931
92"
ElmiraG.AN.,lst.g.l8tpf.6s.l914
Dee M. & Minn.—1st, 7s___1907
St. L. A 8. F.—2d 6s,g., ol. A .190f 115 116
Iowa Midland—1st, 8s.........1900
Guar., gold, 5a...................1914
2d, 6a, g., olaaa C .................1906 115 116
Lltohf. Oar. A West—1st 6a. g,191C
Ohio. & Milwaukee—1st, 7B.1898
90
1st, trust, gold .5a---------------1987
Win. & St. F.—2d, 7s.............1907
1 2 7 * Little Rock A M.—lat, 5a, g ..l9 3 *
Ft. 8. A V. B. Bg.-1 s t , 6 8...1 9 D
MIL & Mad.—1st. 6s............1905
Long Island—
St. L. Kan. A S.W.—let, g.,68.1916
Ott. C. F. & St. P.—1st, 5s. 1909 *108
lat, 7 s ........................
1898 1 0 4 *
St. Paul City By, oon. 5s, g. ..1937
northern 111.—1st, 5s..........1910 108
Ferry, lat, g., 4 * s . . . ........... 1922
Gold 5a, guar.........................1937
b7
89
Mil. L. B.AW.—Con.deb.,58.1907
Gold 4a................................... 1932
St. Paul A Duluth—lat, 5a___ 193) 110
Mich. Div., 1st, 6s..............1924
N. Y. A R’way B.—la t,g .5 a .1927
2d mortgage 5a.......................1917 104 105
Ashland Division—1st, 6s 1925 134
2d mortg., ino.......... .........1927
35
4 2 * St. Paul Minn A M.—2d M, 68.1909 122 123
Ot.B.I.AP—D.M .AF.D.l8t4s.l905
Minneap. Union—lat 6a___1921 •123
N.Y.B.AM.B.—lateon. 5s,g.l935
1st, 21*8...............................1905 ‘ 6 5 * 70
Brookl’nAMontank—lst,6a.l911
Mont. Cem—lat, guar., 6 a..1937
120
Extension, 4s.....................1905
1st, 5a................................. 1911
1st guar. g. 5 b..................... 1937
106
Keokuk & Des M.—1st, 5 s ..1923
No. Shore Br.—lat con.58,g.l932
East. Minn., lat div. lat 58.1908 1 0 7 *
105*
Ohio. St. P. & Minn.—1st,6a.. 1918
132
Lonla.Evana.A8t. L.—Con.5a.1939
Wi’ nrar ASiouxF.—lat, g,5s.l93b 1 0 7 * 1 0 8 *
29 7s
St. Paul & 8. C.—1st, 6s....... 1919
Louis. ANaeh.—Cecil. Br. 7a..1907 ■105
San Fran. A N. P.—1st, g., 5a.l919 LOO
Ohio. * W. Ind.—1st, s. f., 6s. 1919 1 0 5 *
Sav.FLAWest.—1st, eon. g. 6 s. 1934
E. H. ANaeh.—1st 6a, g ....l9 1 9 ■112
Gen. g., 6s ............................... 1932
8 aboard A Roanoke—1st, 58.1926
119*
Penaacoia Division, 6s....... .1920 105
Ohio. & West. Mich.—5s.........1921
St. Inula Division, 1st, 6s. ..1921
Seat.L. S.AEast.,lst68,a83t.pdl931
Oln Ham. & D.—Con. 8. f ., 78.1905
2d, 3a................................... 1980
Southern—Ala. Cent., 1st 68.1918
Id, gold, 41*8..........................1937
Nashv. A Decatur—la t,7 s ..1900 107
Atl. A Char.—Inoome, 6s. ..1900
104=8
Gin. D. & Ir’n—let, gu. 5s, g.1941 1C8
n. f.,6a.—8. AN . Ala............. 1910
Colum. A Green.—1st, 5-68.1916
City A Snb. (Balt.)—1st, g„ 58.1922
50-year 5a, g.,....................... 1937
E. TenrnV. A G a.-Divl8.5s 1930 1 1 2 * 114
■Clev.Ak. & Col.—Eq. A 2d 6s. 1930
IUoh.A
Dan.—Eq. a. f. g. 58.1909
Pena. A A t .- lat, 6s, gold.. .1921
97
Clev.&Can.—Tr.otfB.forl8t5s.1917 •67
Collat. trust, 5a, g ............ ..1931
Deben. 5a, stamped......1 9 2 7 *99
98*
O.C. C. A St. L.—Gen., g. 4 s ..1993
86
L.AN. A M.AM.—lat,g.,4*81945 *1 04 *
Vix’a Mid.—Serial scr.A, 6 s.1906
Cairo division, 4s..................1939
90
Series B, 6 s.. . . . . . . . . . . . . . . 1 9 1 1
Nash.Flor.AS.—1st, gu., 5a. 1937
82
83
Spring. ACoLDlv.—1st,g. 4s. 1940
So.A No.Ala., con. gu. g., 58.1936
Series 0 , 6 s .......................1916
93
WhlteW.YaLDiv.—lst,g. 4s. 1940
Kentucky Central—4s, g . . . 1987 *85
Series D, 4-5s . . . . . . . . . . . . . 1 9 2 1
89
Oln.Wab.&M.Div.—lst,g.4s,1991 ‘ 85
L. AN.—Lou.C.AL.—g. 4*8.1931
Series E, 5 s ---------. . . . . . . . 1926
Oln. I. S*. L. A C.—1st,g.,48.1936 1 0 1 * 1 0 2 * Lou.AJett.Bdge Co,—Gu.g,4a.l945
Series F, 5s......... ...............1931
Consol, 6b...............................1920
Louisville Ry—lat, con.,g.,58.1930
Gen., 5s, guar., stamped .1936 102 102 *
Oin.Ban.&CL—Con.lBt,g.5s, 1928 io T i i T Memphis A Chari.—6a, gold.. 1924
Wash.O.AW.—lat our.gu.4s.1924
Indiana B. & W.—1st pf.7s.1900 1 0 4 *
Mexioan Cent. Consol.—4s, g.1911
Sunbury A Lewis.—1st, g.,4s.l936
Ohio Ind.AW.—lstpref. 5s.. 1938
1st, oona. inoome 3s, g____ 1939
Ter. Aa’n of St. L.—lat, 4*8.1939 11 a *
Peor. & East.—Inoome 4s ..1990
15
Mexican National—lat, g., 6s. 1927
lat, oom g. 5 a ............1894-1944 1 0 8 *
O. Col. Cln. & Ind.—1st, 7s,8.f.l899 •106*
2d, income, 6s, “ A” .............. 1917 ......... .......
St.L.Mer.Br.Term.,g.5a,gu,.1930
105*
Consol, sink, fund, 7s.......... 1914
2d, income, 6a, “ B ” .............1917
Texas ANew Orleans—lat.7a.1905
Cln.ASpr.—1st,C.C.C.AI.7b. 1901 110
Michigan CentralSabine Division, 1st, 6s....... 1912
Oleve. Lorain A Wh.—1st, 58.1933 101 105
68..............................................1909
Consol. 5s, g . .— --------—-----1943 " 93“ .........
Oleve A Mali. V.—Gold. 5a... 1938
Coupon, 5s.............................. 1931 123
Tex. A Pao., E. D.—1st, g. 6s.l905 1071*
Col. Mid. 1st, g., 6s, asstd___1936
65
Mortgage 4s........................... 1940 *105
Third Avenue (N.Y).—lat 5s, 1937 1221* 1 2 3 *
Tr. otfs., con., 4s................... 1940
6
T.AO.O.—Kan.AM ., Mort. 48.1990
Bat.UAStrgis.—Ist,38,g.gml989
74 ___
Del. Lack. A W .—
Tol.Peo. A West.—lat, g., 4s. 1917
Minn. A 1 1. L .-l s t , g. 7s.........1927 14:6"
6 6 * 70
Mort. 78...................................1907 428
Iowa Ixtenaion, 1st,7s.......1909 *1 23 *
Ulster A Del.—lat, oom,6.,5 s.1928 — — 1 0 1 *
Syra. Bing. A N. Y.—let, 7S.1906 125 129
Onion Paoific—
Southwest Ext.—lat, 7s.......1910 *123*3
Morris A Essex—let, 7s___1914 143 145
1st, 6 a ...................................... 1896 1 0 0 * 101
Pacific Ext.—lat, 6a............ 1921 1 2 1 *
Bonds, 7a...................... ....1 9 0 0 1 09 *
M o.K.ATex.—1st, ext., 5a, g.1944
lat, 6a.......................................1897 100*1
78 of 1871............................1901 1 13 *
Mo.K.AT.of Tex.lat,gu.5s.g.l942 81i* 83
lat, 6a...................................... 1399 10114
1st, oom, guar., 7s............ 1915 143 145
Kansas City A P., lat,4s,g.. 1990
Collateral Trust, 6s.............. 1908 100
66 ____
Warren—2d, 7 s ..................... 1900 109
Dal. A Waco—1st, 5a,g u ..,.1940
Collateral Trust, 5s____ ....1 9 0 7
80
......
80
D.AH.Can.—Pa.Dlv.,ooup.7s.l917 146
Kansas Paolflo—lat 6s, g . .. 1895 l l l i *
Mie80uriPacifio—Trust 5 a ... 1917 65
70
Albany A Susq —1st, gu.,78.1906 124
lat coll., 5a, g........................ 1920
lat, 6a, g ...............................1896 1 1 5 *
65
1 st, cons., guar., 6a.......... 1906 118
Mobile A Ohio—1st ext., 6 a ...1927 *......... 114
0. Br. U P .-F . o .,7 s ........... 1895
50
Reus. A Sar. 1st, coup., 78.1921 4 46
St. L. A Cairo—4a, guar. ....1 9 3 1
Ateh. Col. A Pao.—lat, 6a... 1905
...a
32
Deny. Tramway—Cons. 6a, g .1910
Morgan* La. A T .—1st, 6 s....1920 *111
u . p. Lin. A Col.—lat.g., 5s. 1918
30
27
MetropoL Ry.—lst,gu. g.6s.l911
1st, 7s.......................................i 9 i s *124
Wahaah—Debenture, 8er. A .. 1939
Denv. A R'. G.—Imp., g., 5 b. . . 1928 •85
Nash. Chat. A St. L.—2d, 6a..1901
Debenture,
Series
B
............
1939
26
Det.M. A M .—L. g. 3*a,eer. A.1911 •18
21
N. O. A. No. E.—Pr. L, g., 68..1915
Det. A Chio. Ext. lat, 5a, g .1940 "95
96
Det. A Mack.—let lien, 4s,g.. 1995
N.
Y.
Central.—Deb.
g.
4
s....1
9
0
5
104
St
L.K.C.AN.—St.C.Bdge6a.l908
111
4s, gold.................................... 1995
N. J. Juno—Guar. 1st, 4 s ...1986
West N.Y.A Pa.—Inoome 5a..1943 * 10 *
Erie—1st, ext. g. 4 s ................ 1947
112*
Beech Creek—1st, gold, 4a..1936 1 0 7 * 1C9
West. Ya. O. A Pitta.—lat, 68.1911
2d, extended, 6s ................ ..19 19 •120*
Osw. A Rome—2d, 5a,g.,gu.l915
Wheel.AL.E.—lat. 5a, gold...1926
8 5 " 90
3d, extended, 4 * 8 ............ ...1 9 2 3 1 1 4 *
Utioa
A
Bl.
Riv.—is,
g„
gu.1922
Wheeling Div., lat, 5a, g .,.1 9 2 8
75
4th, extended, 5 b................... 1920 120
N.
Y.
A
Put.
1st,
g.
4s.
gu.1993
.........
Extouaion
A
Imp,
g.,
5a____1930
5th, extended, 4a................... 1928 104
»• Y. N. H. A H .- l s t . reg. 48.1903 ____
Wls. Cent. Income 5s.............. 1937
CLOhlo—Col. * Cin.M.lBt,4*8.1931
Osnt. HR. * Bank. -C ol. g .5 s .l9 3 .
Cant. Ry. of Oa.—
let, pref. Income, g., 5 e -----1945
2d, pref. Income, g., 5 s ....... 1945
3d, pref. Inoome,g., 5e.........1945
Mae. & Nor. Div., let, g., 58 1916
Mobile Div., 1st, g„ 5s....... 1946
Cent, of H .J.—Conv. deb.,68.1901
93
* S c price F rid a y ; these a it t i e la te s t q u o tatio n s m ade th is neck. F o r J l i a r e l l a n e o n s B o i i d s - 8 ' e 3d p age p receding
THE
J f L Y 31, 1897, j
f t m
e s t m
e n f
A3TD
C H R O N IC L E
R oads.
191
Latest Gross Earnings.
Week or Mo
1897.
Jon. 1 to Latest Late1897.
1S96,
8
$
$
S
Ind. 111. & Iowa. M ar..........
64.642
65,902,
340,563
349,101
In .* Gt. North's 3d wk July
53,163
52,719 1,69 ,102 1,576,428
Unteroc, (Jdex.t Wk.J’ly 10
15,400,
33,230 1,376,863 1,172,107
Iowa Central... 3d wk July
34,421
26,858'
844,788
987,954
Iron Railway. ..'ja n e .........
2,483
3,822
24,325
18,013
Jack. T. A K. W. AprU.........
28.223
29,549
115,760
119,479
R A IL R O A D
E A R N IN G S .
Kanawha&MI.'l) 3d wk July
13.5S0
273,421
8.781',
256,309
76,242
74,665 2,420,772 2,292,048
T he follow in g table show s the gross earnings o f every K.C.E’.ScottiM . 3 .lw k jn !v
K.C.Mru* & Blr. 3d wkjul'v
16,064
16,922023,369
58 ',882s t e a m railroad from w h ich regular w eekly or m o n th ly returns Kan. C .N .W ....'J u n e .........
21,901
18,706
162,392
124,256
4,806
can be obtained. The first tw o colu m n s o f figures give the Kan.Clty A Oin. 3d wk July
115,-106
1,886
50,671
14,662 1,004,907
O. Pitta. A G - 3d wk July
42,393
354,606
gross earnings for th e latest week or m o n th , and the last tw o K.
Kan.C. Sub. Belt,;-,! wk July 10,333
7,319;
170,848
339,705
colu m ns the earnings for the period fro m January 1 to and Keokuk* West. 24 wk July
6,869,
195.754
5,840
212.677
Including su ch latest w eek or m on th .
L. Erie A l l * So. June.........
4,460
3,788
34.403
30,540
L. Erie & West 3d wk July
59,988
00,227 1,302,451 1,889.631
27ie retu rn s o f the street ra ilw a ys a r e b rou gh t togeth er sep
Lehigh * Ilud.. June.........
29,690
33,100
194,942
164,611
a - to. y on a subsequent p a g e.
Lex’gton* East May
20.307
18,440
85,963
87,511
402,50 4 865.655! 1.638,807 1,609.247
Island. . . . J tine........
Jan. 1 to Latest Late. honk
Latest Grots Earnings.
Los Aug. Term. June . . . . . .
8,460
39,750
7.640;
45,067
BOASS.
28,1*31:
810,451
750.372
honis.Er.ASU, 3d wk July
29,932
1897.
1S90.
i Week or Mo 1807. ! 1890.
Lou. H. * St. L. 3d wk July
10,658
9,710
218,178
241,314
Lonisv.&N&shv.
3d
wk
July
397,678
303,120
10.932,809
10,779,935
i
3
S
*
Macon
A
Birin..
June_____
3,768
28,130
3.840.
28,213
Adirondack....... M a y ......
15.091
13,781
87,Ot>»'
74.979
66,104
June.........
15,800
13,168
60,316
Ala. Gt. South.. 3d wk July
29,221
28.689
8 3 0 ,-9 0
764,27i« Miinlstiqne------1
Meiitohl.-ACh
*id
wk
July
21,300
17,802
072,214
632,471
Ala. M idland... May..........
53,50.8
43,605
285,483
254,460 ‘.Mexican Cent,. ;5,i wk J uly 193,253
173,193 7,194,403 5.390,798
Ala. 25.0 .T es. * Pae. June
inter1!. May..........
240,804 252,858! 1,293.129 1,180,736
JT Orl.A N, Rflatwk July
20.000
19,00.•
637,951
618,138 Mexican
:Mex.
National.
3d
wk
July
02,680
82,047. 3,237,732 2,6-20,552
AJ*»AVlek#l>. stwkJuly
7,000
7,000
283,214
254.663
Northern. May...........
43,715
347,079
00,940,
271.749
Vicks. 8h. A P 1-0 wit July
6,000
(),* *><
237.119
26.1093 Mex,
;
MexicanB'way
Wk.J'iv
lit
64,500
82.000 1,953,992 1,574,074
A th^h a w V a l.. .Time......... 3*9.886
107,353 1,131,73-1 1,131,056
Mexican
8o.......
Istwk
julv
13,710
205,748
14,-136
375,826
Ana Arbor____ 3d wk Julv
lv»,995
21,940
880.815
63.5,784 >I!m»eap.& 81.1, .id wk July'
36.865
33,719 1,021,255 1,006,925
Ark. Midland.. . M ar........ 7,511
6.1 7
36U65
35.799
1,872,800
M.M.P.&S.8I.M.
3d
Wk
July
74,185
66,775
1
,Su2,848
Atob.T. A 8. K« M a y ...___2,306.600 2.269.910 11,992.008 11,441.15*
Mo. Kan. * Tex. 3d wk July 134,681 183,757 5,423,468 5,720,127
Atlanta A Char May..........
121.-42 4
104.78;
6*2.934
501.271 Mo,Ptt«,Atr*»oM
34 wk lisle. 4ii0»OO0 378,000 11,750,000 11,838,280
Atlanta A W, P Mur ........
39,283!
38 638
2 2->.27;
206.272
Centre! Or'oh. 3d wk July
21.00
369,324
11.000
525,000
Allah, At>anv. 3d wk July
11,249
11,103
202.4 IS
293,102
421,00c
Total............*3d«kJuH
389.OOu.T2,2*1,000 11,707,604
Atlantic A Pac M ar.........
347.646
3211.663 1,625,380 1,562,--*;
4,«83'
130.133
5,118
155,588
Austin A JPaeatMiy ........
10914
16,013
7.V211
9-,431 Mobile* Birin.. UtwkJuly
BAU.C3tea.AAU. April........
32*700
33.33.)
108,303
112.777 MoliUe A Uhl<> . June......... 285,504 258.380 1,801,267 1,725,231
Mottt.AMex.Glf J une........
102 ,04s
97,544
082,000
574,129
Bait. A OUto____ June........ 3,18 .115 3,180.801 19,044.097 11,422,621
-- - - - 885,127 2,550,101 2,438,897
403,2-12
Bad. A O . Sou'w .Id wk J iti.y 123.850 111,396 3.237.329 3,3Mt.7tH NMfcCh.*8t,'Ja June ...
12,065
134,90.8
Bangi.-r M kwmi , March........
1602172 Net..* ft, sipp'd April..
Nbfttda
l>m
ral.;
>1
ay
“ sj'ilO
1 <:«-13
12,309
3,777
1,666
Bath A Haiu'ud- M a y .......
1,574
1,513;
10.416
10,407 N .Y .C .A U- R. J u n «......... 3,711.40:' 3,735,1 27 21,1^8,435 21,1 0,566
1.619
Bir. A Atlantic-.!June . . . . .
S,
V.
Out.
A
W
..
34
wk
July
1,981.447
2,001,563:
90.332
9),018
239,775
47.102
62,74-8;
224,810
Braaaw'feAWeat'May..........
7*-.73! 1,789,289; 1,755,003 S.YJSnou.AW. June......... 182,536 182,009 1,009,20 ; 1,1*31.945
73,702
BnS.Roc!i,APlM:;*l wk Juft.
230,507 Norfolk <» Wtet. ; m wk July 234,8:39! 191,080 5.728,040 6,204,44 2
3(1. 33
270,000
Buffalo A Sumjt. June . . . . .
43,867
3,313!
3,1*3 .j
28J0J
25,183
O S .fW 2,015,1'*. ill m s ,itm -VorttaNs’fctGs.i. Mai .......
Btir.C. « • !'. AN HdwkJul;
71.-••57
XjWMa'n (S.C.l M arch.,...
10-5,919
54,092
179,30 0
0*-,016
417,Ou* 11,191,604 lOJU
CaB.*1!»:i Pacific 34 « * July - 189JJO*
22.3iii 1 5 North'#; Central June . . . . . 472,276 494,563 3,u2 ,391 2,95 ,628
Car. Midland,. June . . . . . .
2JJOO
2,936
"2-1,510.
*•
:-; v. ,i J:,
367,977: 350,054! 8,704.330 9,114,312
Cent, of Oeontia 3d wk July
77,944
S1.03-. 2JH17.77-5 3^66.220 yurt !/o !' >
2,605
17,133
10 707
2,831
Central of N. J June........ 1,<*26,083 1,041,238 5,526,508 5,742,595 1 Oconee A West. J u n e .......
ubUfKi-.-r.........
34
wk
July
477,*.7533,032
2O,0«5: 20, 0 Central pacific May. . . . . . .'-1,044,*il7-' 929,147, 4,72 i*5. 1,509,197 [ OhioRlr.A Cha- June........ :
1**
89,110
12.046
11,119
273,914 1
903.497
Cbar(eat'i,A.*ai May ........
*3.350
47 538
314.289:
374,1*00
63.135,
211.188
Char. A W. Car. March.......
' ;>.Mt
73.471
S3-4,317 I 081$ Southern..'June.........
Ohm. A Ohio.. . , 3d wk July
2J6.340 10 , ,531 5,947,424
,
5,509.89! Oregon Imp. Co. M ar . . . . . . . 309,600; 282,569; 1,290,689 1,313,425
Oreg-KH-A-Na*1
June........
1,068,420
1,930,100
409,165
371,113,
Chic. Bur.AU.d June........ 3,0-7,133 2,724.678 10,1111.-48 13.502.11S
*93,842 , 450,11*0 2,119,526 2,000,327
Chic. A K»»t.111. 34 wkjiilv
7■rMi'i 78,776 :2,U»,W0U 2.100,206 Orest. 80s W oe.. May..........
Wt P » Mall....... Mu f.
380.375 j £80,800 1.-9.5,991 1,098.114
Chi,.-. S i W*»1T. ;hl « k j « i (
*0,318 08.706 2.51-.7J4 2^05,583 PennsriYaniA,
j,.n „ ,____ 5,183,335 5,105,599 29.590.433 30,305,275
Chi*.-. Ind. A !, . 3d wkJuiy
75.042
54.09 s
..
......
10,839)
17,008,
468,887
457.805
ChSe-Mli.ASt.P 3<1 wk July 5 ii,« 3 0 5*SO,.>0O 16,558,slf. I«,;U9.45 4 Prormilee.AKv l,t wk July
Peter*burg,___ ‘June........ .
52,149
48,910.
311.712
302.205
Ohio,AN‘Uiw'n June.........2.014,527 2,932,2 2 l i . 3 aii.SOif 15,493,107
ptitia.
*
Kirle.
,May
.
,
1,511.075
35
1.71.1
391,503
1.400,352
Ohlc.ANo.Pa* M ,r . ___ ■ 0S.P1U
-4.312
3 10,014
332,570
. . 1J u n »...
........ 1,878,800 1778.203 0,427,257 9,810.005
Okie. Pan. A HAh. UhVkJtu1.3,447 14,873
397.044*9,774 Hula. A
Coal A ir.Cu . June........ 1,*79 290 2 057 5h9 0.005,031 10,375.093
Okie.**'* L A P . June ..........M»3.»OOT.02 ,4fW «,**5.«4h 7,1*8,791
T:.t- l-.-th
.......3.551.0- *> 3,135 “12 H.-H)-,90« 20,102,798
3.480.033
Clilc.8t P.li.A0- June........
6 3 M « * '630,405 3,440,800
......................................
Ph
Had. AN I! h u i , ........
58 851
61,780
287,857
327,801
Chic. A W. Mlch- 34 wk July
29,172
2. ,7J;>
820,982
319,527
I'hlL
Wllu).
A
B.
May..........
824,758 80 .,058
57,707
‘
—
60,717
*21,005
431,3**3
Choc. OfcA OttliiHay..........
7,250,397
12,04!*
13.580 PltUuC.C.AHt.1. .1 it,.-........ 1,1 18,013 1,198,235) 0,789,000
Oln.fSa.AI’Sirt*. March____
4.150,
4,721
20 601
22,079
3.468,
3,494
12,064
Olo.Jmjk.AMac- iwwkMay
233.360
239.4f.-1 Pl*S».U#h.AWh June .........
112178:
301.977
Pltto.tk-I.AUE. June.........
53 450;
54,320
CIO.S.O.AT.P. J u n e . 293,334 271,732 1 ,-1 0.- > :.* *.'.
9t>4,325
877.089
Pittob.A
W«»‘
u
,3d
wk
Julv
38,22-3
30,024
8.604
338.9*21
370,490
CbkY.0sti.A8h.- JrtwkJaty
13,0*9
444,720
Pitts. Cl. A Tol. 3d wk July
l-SiSOk'
442,041
14,790!
CS.CSn.Ob.AHt.1 -3d wk July 2-40,20-4 237,308 7,110,099 7,034.144
202,930
Pitta. PA a F. 3d wk July
7.12.3
10,305
100.084
718,977
Peo. A Bast's 'May____ _ 145.342 110,710
8«S2)4i
61,719 1.491,410 1,017 584
Tout *ystem- 34 wk July;
03,944!
OI.Lnr. * Wheel, ,3d wk July
14,256!
27.708
772.950
06:4.144
093,108
005,194
P
n
tV
u
u
i.K
-A
.
Ju
n
e........
105,073
173,142
Ool.Midland.... tuna......... 145.874 163.508.
7U.-.91
944.650
147,125
144,330
‘ 910’
24,030
26
Col. II. V. A Tol. June......... 213,1)57
1,115.120 1^19,570 Qaiuoyy.* K.O. June.........:
312 616
BinAPritobAP.
54„v..........
300.105
70.474
75.590
Ool.AR«<lMbUiii April........
0,079
42.191
178.388
178,510
31.254,
29,888.
Ool, Ban-l'y <k it.!,! «rks Jane
46,964
342,909 Rich. A Pete,-nil June.........
349,87*
*9.828
244.324
0 810
9,004!
194.054
Oolusa * Lake.. J nne.........
1,800
1,100
5.9U0 Blolir. Imd.Vr, ;i<i wkJUly
8,800
4-1,100 1,308.307 1,220,123
04.000,
1,471
5,187 Rio Gride Weal. 3<lwk July
Orjrstsl......... .
May..........
*.4*3
T-il
309.004
8
LJ
0
*.A
U
r
2
d
wk
July
530.020
11,000
lO.OuOl
CutnbT'ti Valiev May . . . . . .
58,509
31-3,107
277.429
62.518
111,219
117,818
22,0'JO!
22,067
130.10O 13i.20o 3,012.031 3,852.209 St.L. a » .A St, P. M ay........ .1
Deux. A Elo Or. '3d wk Ju 1
St-BKen'etAHt.
J
ubi
........
21,9b7
4,855
00,14.
& « M. * K tn.c 2d wk July
2,049
77,340
1,600
213,901 St.L &8an Frau. May........... 511,370; 454.342 2,403,009 2.894,107
0 e «,M .N .A W . June........
33.5*7,
35,410
192.0 T
75,900,
70,700 2,270.800 2.407.917
Bet. O. Rap. A W ;3d wk Ju> r
20,421
605,101 8U ,»O D !tu w i :j,i wk July
21,04*
M>7.111
025,530
636 218
138.892 125.254
*3,652'
219,795 SLPa.it A Dul.. .h, <-........
42,180
X m .* M setUAr..May______'
213.-1*0
079,251
San
AULA
A.
P.
M
ay....
777.203
127,082
144,858
DulMh8.Si.AAtl 3d wk July
802,013 1,160.451
38,490
4 1.H I
642 220
334.029
71,09'j;
70,102
543,343 Ban Fran. A N.P. June.........
418,65.'.
90,589
nglttJoLABaat. May..........
79.1B9
1,441,970
1,408,321
»av.
FUkAWeak
.M
ay..........
278,243
288,133
Erie.................. . May.......... 2,7X0,173 2,036,7«OTl,»6n,310 12,007,51
303,328 270,810
Eureka Soring? May.. .......
-...a..
* ~»w
... m i Sesb'rd Atr I.mc April
24.1324,493
4*969
5.007
m m
4,020
124.253
3.8*2
iTABAAfad’pll* 3d wk July
142,»*B:
158,502 Slier.shrwv.ABo. UhwkJ'uu
6,133
5*683
00,216
8U.0j.re. U. A U May.
24,504
80,025
22,915'
Evans. A ttlch. SsIWk July
1.551
43,77*
*31,710
1,101
SUvertoB..........
5,800
4.031
Jtiuo.
.
.
.
.
.
B r a o a r.A T .B . .«! wk July:
550,200
503.775
28.000
19,»»3:
"o ',375
2,057
10,787
2,535
PltCBhurar......... May ......... 021.72** 617,659 2,730.005 2.893,806 So.Hav>'ii,vi:aa! June.........
jPUnt. A P-Marq. :id wk July ' 41.289
45,636' 1,470,3*9 1,478,309 80 , Pacific Co.
Gal.liar. A 8.A May........... 337,937, 378,771 1,810,574 2,015,634
Fla-Oen*. A Pen.■2d wk July
38,570
31.163378 870
410,502
Lnuls'a. Weal. M ay.. . . . . .
70,941
00,005
473,812
17.218
FkWthADen.C. Jd wk July
24,207
540.8 9
MorKau'sL&T. M a y ....... 30'). KU 335,861.' 2.100,107 1,981.743
15-1,-873
Ft. V. A Rio (Jr. 3.1 wk July
1411,904
3.843
4,749:
81 031
110,751
N .T .T .A M e* M ay...........
23 3411
10,946,
5,432
4,380'
0 *4 *. * At*. 0 . June_____
837
1,058.
540.740
Tex. AN. Orl.. May..........
684,285
118,967
97.408
759.733
Oeoixla KR.......3d wk July
23,550
795,“ 8U
23.063
5,088.895
5,128,007
AtL
Prop'tes.s
M
ay..
.
.
.
.
.
9 44.500 -*03.15.* -------390 110
Q m m a A A U .. 3d # « July
553,041
20 ,2i0
10,1 0
Pactfle Bfeteto May.......... 2.051 2)8 2,429,20 12.220 807 12.208.n31
320,435
0».Carila A NodMay..........37»,9Jl:
OO.oftl
454.381
Total of all./ May-----. . . 8,807.307,8,642.024:18,308,024 j 18,323,004
00,617
*06,027 i *95.241
#•*>. 60, A F la ..;.1 u s e ___ i
dT.d .4
. 4,070,518
3,753,037
So. Pas. of Cal. May..........
?H'» 371 780,522. ..............
« r . Uuf.Aind 3d -v k J
41,930[
31,833 1,012.378! 1,010,952
1,062,817 1,007,433
So.Pao.ofAri?.. May..........
212,838 180,021 1,002,817
230,070
Cta.B. A F t W734 wk.liily
6,081
212,105
7.152
----------501,671
00,743'
670,005
So.Pac.ofN.M
120,870
M
a
y
.......
27,19*
20,705;
0a4l
TrarereoClty :id*kJniy
1,009
787,415
787,701
Northern By.. M a y ...___
172,722 101,801
68,947
M*,->. <f. ft. A 1. ,;d w.kJuly
50,' 00
1J)38
2,22.5
Tat. all One.,34 w* July
51,250
49,217 1,304,231 1,414,169 Sotithern B y . . . 3rt wk July 330,525 832 538 10,214,077 9,806,543
110,964
201,375
29.890
54.108
Oraod Trunk,. :M wk July 390.702: 366.380 9.499.340 9.371,885 8pok.F'ls A Nor. April.
7,303
0,024
2,411:
2,019
C h k .A O r.T r UtwkJnly
00,217!
68,313 1,401,810 1,050,400 8tonyCl.A0.Mt. May..
404,815
333,802
79.282“
00,310
451,320
471,722
.........| f Summit Branch May..
DeH.yr.H-AM. lstwk July
20J171
19,014
370.027
3:10.049
07,0101
00,881
Lyk.
Val.Coal
67,740
May..
,
“
>0,43*1
Ctei.9ag.AMac: lat-wk Ja.Iy
2,192;
2 ,44 *
775,442
004,511
Tot'l both Oo'a M ay..
133,308 140.103
34,053
52,743
1*750
1,520
Tots, A Mask Igtwk July
117,375
113,527
4,165
Texas c.intral.. 2d wk July
3 028:
Orest North-’n 3.112.915
8,842,570
02,508!
101,703
8t. P. M. A M lim e.........1,146,346 1 ,281 ,§03 6,128,010 8,269,407 TetaaAPaoilUj
12,020
13.1.90
2.5H4
150,502 Tex. 8.V.A N.W.
2,015
889,967:
East of 51111n. June........
149.510 1*5,59 *
990.025
885,707
950,007 Tul-*OhloCeut 3d wk July
30,650*
21.108
1*01.359
MontamiCen! ;;J u s e . . . . . .
1.8 4,21,8 174319
634,287
4(10,527
18,141
15,588
Totsysfem. June........ 1,480.27 1 1,001,821 7,759,330 7,97-1.978 Tol. P. &-West.. 3d wk July
39,287 Tol.HL L. * K.C. 3d wkJ uIy
47,020 1,147,518 1,096,999
37,025
57,812
7,372
S'
K >, I
....... . ' 10,187
18,587 Union Paidilfi 20,095
2,151
OttttAChtcagn J« >:•____
8,470
29,117
Union P. UR.. M ay.,.7,
1,210,530 1,109,914 5,404,001 5,032,975
24,389
4,945
Hwra.Tnn.AWU. J*me____
5.054
Ar.Ii.Col.a P. May____
Hmw.ATeT.Oa*, May ........
179,227 178,798 1,148.187 1,125.0-3
120,425
177,651
35,149:
23,398
AoAJ.O.A W
Illinois Cantrait June ....... 11748526 1690115 11009319! ♦10374048
309,324
2 1 ,0 0 0 1 11,000
7.699
194.792
212,339
Ceut.Brancha3d gk.Ttily
tnd.Ow.AW*>*- Mark June
7,225
Railroad Intelligence.
■
1896.
LHE C H R O N IC L E .
192
Latest Gross Earnings.
Roads.
Week or Mo
1897.
\Jan. 1 to Latest Date.
1 8 9 fT j
1897.
2 U week o f July.
1896.
[Voi. LXV.
1897
$
61.500
4 ,l«5
38,196
H2.618
55.000
1896.
$
62,000
3.6 !8
39,521
54 396
61,800
Ine-eat
*
9
Mexican Railwav............
2.510
Un. Pac .—(Con.)
537
281,880 Texas Central.................
407,826
52.961
79,381
Cen.Br.AL’dL
Toledo St. L. A Kan.City.
1,325
5,831,320
6,545.644
1,455,140
1,257,979
May..........
Gr’d total.*e
Un.
Pao.
Den.
A
Gulf___
8,222
54,396 1,720,381 1,578,190
62,618
Uu.P.Deu.&G.. 2d wk July
6.800
..
3d wk July 2 0,905 233,533 6,002,623 6,533,693 West. N. Y. A Pennsylv
91,290
85,383
13,850
14,451
WaeoANorthw.
Total <78 roads).......... 6,586,770 6,492.466
341,2 42
246,908
823,050
801,843
194,383 204,392
W. Jersey ASea’e vi ay..........
472,875 ’let, inorease (1*45 o. c.)
455,772
98,1551
94,304
98,247
W.V.Cen.A Pitts
119,862
117,942
34,7061
34.547
217,537
257,169
38,1771
46,214
Western of Ala.
62,300 1.449,461 1,549,513
56,700
West. N. Y. A Pa. 3d wk .1uly
Net Earnings llouthly tn Latest Dates.—Thetable follow
750,677
543,145
27,132
12,720
Wheel. & L. Erie 3d wk July
186,184 ing shows the gross a d net earnings o f S t e a m railroads
186,696
52,869
56,180
Wil. Col. A Aug. Marcb----99,224
98,118 2,238,789 2,308,293 reported this week. A full detailed st Dement, including all
Wisconsin Cent. 3d wk July
44,768
38,935
5,045
5,826
Wrightsv.ATen. June.........
24,846 roads from which monthly returns can be obtained, is given
25,826
5,700
6,03 D
York Southern. May..........
once a month in these columns, and the latest statement of
* Figures given do not include Oregon Ry. A Nav., Un. Pac. Denver & this kind will be found in the C h r o n ic l e of July 17, 1897.
Gulf, Denver Leadville & Gunnison, Montana Union and Leavonworta
Topeka A Southwestern, a These figures include results on leased lines. The next will appear in the issue of August 21, 1897.
b Includes earnings from ferries, etc., not given separately, t Mexi
- —Gross Earnings.— * ----- .Yel E a r n in g s
.
can currency. c Include only half of lines In which Union Pacific has
1897.
1997.
1 <96.
1896.
Roads.
a half interest.
, ..
$
$
$
it includes operations of the Ohio. Burlington & Northern in both A1ab am a G D.Sotith.a June 125,622
112,426
13,599
31,228
746,499
Jan. I to June 30___
164,645
631,029
years.
124,594
i Covers results of lines directly operated east ot Pittsburg,
July 1 to June 3 0 ___ 1,605,546 1.634,093
5 >2,505
500,881
f Includes St. Louis Alton A Torre Haute for all periods.
219,886
197,353
Allegheny Val’ey__ June
9 2,374
69,086
Jan. 1 to June 3 0 ,... 1,151,734 1,151,055
433,376
386,5 46
Latest Wro84 Earnings by Weeks —The latest we kly earn Buffalo & Susqueha.June
48,867
21,913
39,733
17,506
270,009
124.467
Jan. 1 to June 3 0 .. ..
230.507
90,964
ings in the foregoing are separately summed up as follows :
579,793
July
1
to
June
3
0
...,
487,844
2
17,746
29,5,
L75
For the third week of July our preliminary statement
836.127
624.004
covers 70 roads, and shows G’39 per cent increase in the Canadian Paoitic.a.. June 2,000,577 1,667,221
Jan. 1 to June 30 . . . 9,712,694 9,151,653 3,667,193 3,108,9 37
aggregate over the same week last year.
63,940
Cent, of Georgia .a.Juno
326,373
6 2,650
326,373
Jan. 1 "to Juue 30___ 2,375,152 2,423,114
693 394
643.682
Increase. Decrease
July 1 to Jane 30___ 5,275,311 5,368,759 1,819,8:34 1,759,272
3d week o f July.
1896.
1897.
Cent, of N. Jersey.aJuue 1,026,083 1,041,238
374.291
386,894
$
$
*
$
Jan. 1 to June 3 0 .... 5,526,598 5,742,595 1,809,356 1,850,784
29,221
532
. . . . ...
28,639
Alabama Gt. Southern...
Ches.
&
O
hio.a.........June
861,527
260,136
820,145
271,269
11,995
21,920
1,925
Ann A rbor.......................
Jan. 1 to June 30___ 5,349,651 5,01.6.633 1,550,744 1,531,959
146
11,249
11,103
July 1 to June 3 0 .... 10,703,18 3 10,221,132 3,421,414 3,257,979
111,358
12,494
Balt. & Ohio Southwest..
123,850
____ _ Chic. Burl.AQuin.b. Juue 3,012,133 2,724.578
73,702
2,9 =>1
Buffalo Booh. & FIttsb’g
951.361
807,221
70,751
Burl. Ced. Ran. A North.
71,357
Jan. 1 to June 3 ) ...16,941,343 15,592.118 6,278.695 4,997.080
68,0
3,279
72,000
Canadian Pacific..............
489,000
4L7.000
....
July 1 to Juue 30 ...3 5 ,52 6 ,18 6 34,581,503 14,3 22,271 12;9o7,833
3,l92 Chicago & East. 111..May
77,944
81,036
Central of Georgia..........
312,211
263,008
123,326
107,834
216,34-3
Chesapeake & Ohio........
192,551
23,795
July 1 to May 31....... 3,629,430 3,737,333 1,580,799 1,650,913
___ ___
Ooea*rO A East. Illinois.
4,880
78,778
73,s93
Ohio.
M.
A
St.
P
.a...June
2,718,559
2,604,939
1,093,782
1,012,885
11,612
Chic. & Great Western..
80,318
68,706
Jan. 1 to June 30 ...13,743,432 14,614,104 5,124.350 5.102.425
75,642
54,09:-<
Chic. Indianap. & L ........
21,5 49
July 1 to June 3 0....30 ,4 86 ,7 6 8 32,631,829 11.909,229 13,005.021
Chicago Milw. & St. Paul
538,850
566,590
22,260
Cthioago A WeBt Michigan
29,172
567 CIn.N.Orl.A Tex.P.a June
29.739
299,334
278,732
103.403
71,433
Clev. CaDton A Soutli’n..
8,694
15,949
7,255
Jan. 1 to June 3 0 .... 1,71 *,236 1.650,333
599.494
401,376
240,264
Olev. Cin. Chic. A St. L ..
2,896
. -July 1 to June 3 0 ___ 3,440,506 3,635.865 1,097,325 1,039.992
237,368
Clev. Lorain A Wheel’g..
14,256
13,452 Cleve. Canton & 8o..June
27,703
55,678
64.475
13,751
8.09 7
Denver A Rio Grande...
150,100
133,200
11,900
Jan. 1 to June 39 . . .
311,302
327.4 28
67,28 3
41.738
20,4*21
Det. Gd. Rapids A West.
21,944
1,523
July l to Juae 30 . . .
637,959
7 06 ,5L5
160,701
112,6
51
Duluth So. Shore & Atl
41,111
38,490
2,621
Clev.
Lor.
&
Wheel...May
105,133
131,214
43,342
32,1
39
Evansv. A Indianapolis..
6,133
5,683
450
Jan. 1 to May 3 1. . . .
477,040
541,3 J3
143,203
153,1.37
Evansville A Richmond.
1.551
310
1.861
July
1
to
May
31.
.
.
.
1,075,532
1,433,163
431,236
3
30,43
L
Evansv. A Terre Haute..
28,946
9,998
18.998
Flint A Pere Marquette..
45,636
2,653
48,289
G eorgia.a.......... ....June
97,173
86,482
*5,165
*4,565
Ft.Worth & Denver City.
24,207
17,218
6,989
Jan. 1 to June 3 0 ....
727. L60
695,283
\57,589
157,505
Ft. Worth A Rio Giande.
4,749
3,843
906
July 1 to June 3 0 .... 1,590,659 1,479,792
*431,119
*451,363
23,550
4 87
23,063
HoosaoTun.& Wilm..Miy
5,433
5,311
1,754
3,156
1,050
20,226
19,176
Jan. 1 to May 31.......
19,345
21,172
5,232
9,480
G.and Rapids A Indiana.
4L930
38,833
3,097
194,507
159,587
65,724
65,322
Cincinnati R. A Ft. W ..
7,152
6,68**
464 Minn, & St. Louis.a, June
Jan. 1 to June 3 0 ....
909.349
897,277
314.345
3 14 ,9 9 )
694
1,009
315
July 1 to June 3 0 .... 2,008.501 2,028,299
824,742
807.375
Musk. Gr. Rap. <& Ind .
2,223
1,938
285
GraDd Trunk of Canada.
399,762
34,182
356,580
87,6 ^2
33.119
Northern Central, b. June
472,272
491,563
International A Gt. No..
52,719
53,162
443
6 6 5,47 2
Jau. 1 to June 30 . . . 3,026,391. 2,955,623
8 L2,209
34,421
7,563
26,858
Pennsylvania—
Kanawha* Michigan___
13,580
4,799
8,781
Lines directly operated—
Kan. City Ft. 8. A Mem..
76,242
74,665
3,577
Eastof Pitts AE. June 5,185,335 5,105,599 1,321,225
9 *7,7 3 1
Kan. City Mem. A Birin.
16,064
16,922
858
Jan. 1 to June 30..29,539,483 30,305,275 8,431,473 7,512,556
Kansas City A Omaha. ..
4,806
2,92*6
1,8-6
West
of
Pitts.&E.
Juae
Inc.
74,075
Inc.
262.2
26
Kan. City Pittsb. A Gulf
42,393 ’ 14,662
27,731
Jan. 1 to June 3 0 ..
Dec.l.017,064
[no. 144,514
Kan. City Sub. Belt........
10.333
7,319
3.014
60,227
59,988
239 Phila. & Reading....June 1,678,300 1,778,293
631,360
739,793
Louisv. Evansv. a 8t. L
29,932
28,031
1,90
Jan. 1 to June 3 > .... 9.427, 257 9.616,*<05 3,759,577 3,958,501
Louisville Hand. A St. L ..
10,658
9,710
948
Dee. 1 to June 30 ...11,137,943 11,654,707 4.543,624 4,723,917
Louisville A Nashville...
397,675
363,120
34,555
Coal & Iron Co___ June 1,379,290 2,057,589 rtet.41,852
61,469
195,253
173,193
22.060
Jan. 1 to June 3 0 .... 9,065,651 10,375,993 df.566,443 df.263,092
Mexican National ..........
92,620
921947
9,673
Dec.
1
to
June
3
0....1
0
,8
3
6
,3
5
0
12,592,352
df.615,041
df.5'15,063
Minneauolis A St. Louis.
36 865
33,719
3,146
Total both Go’s....J u n e 3,553,090 3,335,382
589,508
804,265
Minn. St. P. A S. Ste. M ..
74,185
66,775
7,410
Jau. 1 to June 30___ 18.492,903 20,192,798 3,193.129 3.690,409
Mo. Kansas A T^xas.......
184.621
183,757
664
Dec 1 to June 3 0....2 1 ,9 7 4 ,2 9 3 24,247,059 3,895,583
~
~---- 4,213,354
Pacific A Ir iM t...
400,000
378,000
22,000
Central Branch. ........
21.000
11,000
10,000
Reading Company.June
..................................
34,744
34,744
S. Y. Ontario A Western
90,332
91,618
1,286
Deo. 1 to June 3 0 ...............................................
191,7LI
191,7LL
Norfolk A Western..........
234,830
197,0*>9
37,741
....... . . .......................
Total all Com pan’s. June
624,252
839,009
Northern Pacilic............
356,654
387,977
31,323
Deo. 1 to June 3 0 .........................
............ 4,087, 294 4,410,565
20,685
20,968
2«3
Southern
Railway.aJune
1,432,934
1,362,910
Peoria Deo. A Evansv...
227,044
16,839
305.078
17,003
169
Jan. 1 to June 3 0 .. .. 9,240,914 8.828,383 2,5 16,939 2,126,623
Pittsburg A western.......
63,944
61,719
2,225
Rio Grande Southern___
July
1
to
June
3
0
....
19,079,499
19,246,552
5,846
3
43
5.653,120
6.816
9,064
2,24b
Klo Grande Western.......
64,000
44.800
19,200
Wabash, b ................. .June
948,577
979,555
204,865
296,797
St. Louis Southwestern..
75.900
76,700
800
JaD. I to June 30___ 5,392,365 5,829,250 1,646,52 4 1,436,971
Southern Railway. . . . . . .
330,525
332,538
2,013
July 1 to June 3 0....11 ,5 26 ,4 2 3 12.807,142 3,547,263 3,564,537
Texas A Pacific ..........
101,765
92,508
9,257
Toledo A Ohio Central...
21,198
36,650
15,452
a Net earuings here sriven are after deducting taxes,
Toledo Peoria A West’n .
15,588
18,441
2,853
b Net earuings here giveu are befo *e de tuotiug taces.
Tol. 8t. L. A Kan. City..
37.625
47,020
9,395
* After allowing for other income received, total net for June was
w abash..............................
220,905
236,533
15,628 $19,565, against $35,165, and from July 1 to June 30 $559,163,
Western N. Y. A Penn...
56,700
62,300
against $523,871.
Wheeling A Lake Erie...
12,720
27,132
3 i ;n 2
Wisconsin Central..........
99,224
98,118
1,106
Total (70 roads). . ........
Net Increase (6-39 p. e.)..
6,643,853
6,245,096
506,662
393,757
107,925
io r the second week of July our final statement covers
78 roads, and shows 1'45 per oent increase in the aggregate
over the same week last year,
2d week o f July.
1897.
1896.
Previously rep’d(68 r*ds)
Dee Moines A Kan. City.
Evansville A Richmond..
Interoceanic (Mex.)........
Keokuk A Western..........
Memnnis & Charleston..
8
6,283,568
2,649
2,499
45.400
6,869
21,306
$
6,203,741
1,890
2,518
39,230
5,880
17,862
Increase.
$
318,591
759
6,170
989
3,444
Decrease.
$
238,764
19
............
Interest Charges and Snrpliu —The following roads, in
addition to their gross and ne; earnings given in the fore
going, also report charges f >r iuterest, Sci., with the surplus
or deficit above or below those charges.
.----- lnt., rentals, etc.----- . —Bat. ot Wet Earn’s.-*.
1897.
1896.
1897.
1896.
$
$
$
$
Ohio. Burl.A Quincy.June 890,000
881,107
61,361 def.73,886
Jan. 1 to Juue 3 0 .... 5,340,000 5,286,642
933,695 df.289,562
July 1 to Juue 3 0 ....10 ,6 20 ,0 0 1 10,524,368 3,702,270 2,443,464
Ohio. A Bast Illinois.—
July 1 to May 3 t ....... 1,307,857 1,273,992
*411,169 *516,609
Philadelphia & Reading—
All companies........ rune
775,000 ' 806,250 df.150.74S
32,759
Deo. 1 to June 3 0 .... 5,425,000 5,643.748 df.1337706 df.1233183
Roads.
* After allowing for other inoome received.
J
uly
3 1 , 1897,]
THE
C H R O N IC L E
SCKEET E llL W I X S AMO TRAC Fill < CQKPA.VtES.
The following table shows th >gm is earnings for the latest
period of all street railways from which w- ara able to ob
tain weakly or monthly returns. The arrangement of the
table is the same as that, for the stearu roads—that is, the
first two columns of figures gwe toe gross earnings for the
latest week or month, a id the last two columns the earnings
for the calendar year from January l to and including such
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings. Jan. 1toLatest Dale.
G ross
WeekorHo 1897. 1896. 1897.
EaENDJOS.
1896.
!
332 .*
Si ;
»
Akron Be-If-l A Ciev *June...... 9,334 9,25s 42.251 41,064
Amsterdam St R>. [May.......
4.2 -9 4,33-5* 18,263 1S,-«J
Amlersoi. El St. By..;May.................. 4,361
Atlanta Railway .. June ...... - 8.398 8,749: 40,899 42.159
Baltimore Traction., June...... il8,i,32‘'i 121,309- 810.338 523.83i
8,717
Bah St Ky. (Maine',. June...... 1.704
9,241
Bay OtUea Consol— June......t 0,654, li i k
Binebanton St. By.—June...... 12,778 12,9*7
Bridgeport Traction. 24wkJuly 6,943: 7,98*
Brockton Con. St. Ky Uitne
2:',872 29.3311: 151,28) 112,068
: ■
* BrookIvn Height* June....... 427,313 407.496 2.226,453 2,199,2 0
Br'klynQu’aa*Sufi. June........ Os.tej 65,02i 2Vi,-m.o
Total for system . June,.49.5.*98 472,5i 32,881.122
2,SlO.uTJ
:,o
4i»,ij,
March.... : .............. .
323,076 3
".15
' ,151
Bnttain Railway .
M
arch--f
13
.
519
!
13
.
73
.
38,347
........
ChesterTisoti-afP* »
39.683
1.1-06* 10,- .3
Qty Blee. (Ki.tuft iia itJiute---- 1 2.541
9,993
Q&veland Electric. . June ......' 130,81, L40,577 719,696 795.569
’— .
8,093
.......3 1.218,
Oeve, Fain** * E. Jane
Ootumhu* St By. (O.) 2d wk July: lo.-lM 13,137
34,441 34,Mf: 152,744i 158,643
Coney Island A 8‘tj-n June_
Daay. fta- £1. Light *i
8,206 7,738 50,831i 42,795
Street Uy...\. .... June.......
14,678 3 if»,t<7 319,508
Denver Con. Tramw. June ..... • dt.S'i <
Detroit Citrus’ Sr, By.,2d wk July 23,002 23,437 559,383 531,403
Detroit Klee. By......May........ 34,1 l 38,407 166,101; 17-1,-14
Bulat k 84. tty ....... .V|,-il...... 15,923 17,584 58,490
65,707
Erie Elec, 1
Slater Vo . June...... 12,73? 13.8-14 63.-208-! 71.460
Galves-oo I'ity Ry March.... i 14.559: 13,529
41,175 39.615
Herkimer Mohawk It ion * E’kfort Bi. By.!May.......* 3.447 3.406
935;
Hotwiek Bn....... ....June
671
4,01l
Houston Bir-e. st. Kj -June...... 17,347; 17,834 al'sfsj 95,401
Interstate Consol. uf|
North Attleboro_'June...... 1 10,6i'» 10,891 57,813; 56.355
KiOjtstwn City Ry— ;J u n e —
4.578, 4,934 24,864 25,125
Lehtkk Traction .....June __ i 6,512 9,453 4-,930 57,431
London8t- By.(Can.). June .....j 8,:»Bo' 83651 43,920
>,7-2
I-owkII l.a». A iia. ..‘Jnm ..... iI, s w&m 192,870 It 0.362
Metrop tK-iuna* <it} ., ;-d wkJuly' 35,739 32,921 968,693 903,093
Metro. W.ciide (Chif.i June ....... 66.495'
Montgomery St. Ky . June ....
5,466 5.215 •27.048 io.sYi
Montreal Street Bv. .. June......;130,677:110,423 639,092 602,7-2
9 m m BM. ca-'klyui Jaw.... 173,768
641,810 542.1*5
NVwtmrei, Ku-cltl.;.. June.....
8,342 7,976 a4*363 36.385
Mew Kmciaud St,— f
Winchester Are ...1March___ 14,-95 14,388 42,076
42,661
2,111 2,064
Ptyui th AKiuK-ston .Marsh---0,0*8
6,040
Total— ......... Match, ... 17,037 16,450. 46.US
48.777
Hew litwiw si. By,.'June .....
5,23(0 5, 1.•<
19,985 20.494
H.-wOrleansTiai-Uon June...... 4.11, 1- 3, lUiSM 654,567 681,730
North shore Tracti.i!. 24 wk July 32.-904
‘ : 40,79- 700,066 711.30*
Oydensiiarj? st- sty,..June_
7,306
1,659’ 2,467
8,049
Baterwm fty...... .. June...... 30
-* ,-ui’ 27,9*1 153,216 155,78 *
FHt»!.. I'r.4,1-, !.!. Rv May....... 8.1*1 1,319 13,6.01
0,754
7,7-1 8.454 211.-23 at,on
ro’itwhpsleA Wapp, V May....
Koxb’htTi.ll.A .Not n June ...
7,42-4 9,1U 34.111 31,075
Sehnylkm Txaeiiim.. May_
7.113, 8,-938. 31.741 38,525
Sebnylktll V»). Trae, ‘Mar,..-.
3,096 5,250 20,235
Scranton 4t Carbond’e' April...... 2.842
.....
floraaloh A Ptltslo.-i Awril...... 4,663. ....
II'JSI
Heraaton Railway.... June...... 28,487 29,275 162.8 15 101.77*
(Second $«*. ipittab.i May....... 85,43» •'9,173 ‘ 291,550 *297,214
Syracuse B’»1 -id.-Ry June...... 2,740: 3,4-7
15.705 18.374
8yraeuseKap. Tr. Ky. June...... 34,939 36.1.55 202,464 213,007
Terre Ilante KTe, By. May....... i 2,683* 13,777 58,424 60,951
Third Atnoue fH.Y.i. Jane................! ....__ 1.256.493 1,292.918
Toronto By........... June........ 91.833 84,70 < 47I.656| +04,917
Twin City Bap. Tran. June ...... lb*.46v 176,870 920,809! 860.164
Union (V. Hertford).. June...... 18,739 20,391 Hit .,535: 102.787
Hatted Tract, Iptuv.j Jnm...... U< ,9ft 156,307 800,063; 827,82-1
Unit, Tnxj, tReuilinio Jiiui-I.... . 20.60*1. 19,054 85,74*0 »-,752
WakeBei*! A 8ton-> .. . June...... 3,305* 5*619 24.744! 24,-957
Wattrinity Tr- etlon.. June...... 23.2 3 20, 14* 118.221 114,902
Wbttlreit Baliway... May...... 13,610!
16,130 92,84lj 66,941
ti
Wilke-!-. A A V.
Juil- _rC'.O
*3,101 227,710! 23d,431
___________
193
Interest Charges and Surplus — The following Street
railways, in addition to their gross and net earnings given iu
the foregoing, also report charges for interest, &c., with the
surplus or deficit above or below those charges.
-Im. Rentals, Oc.~ -Bat. ofNet Barn’as.18«7.
1890.
1897.
1896.
Bootu.
S
S
Denver Cou. Iramw.June
18.798 17,885
7,437
7,174
Jan. I to Jane 30_ lll,6d8
107,190 30,603
27,828
ANNUAL
REPORTS.
Annual R ports —Tim following is an iadex to all annual
reports of sterna railroads, sir e. railways and miscellaneous
companies wnieh have been published since the last editions
of tue Investors* asp S treet Railway Supplements.
This index does n ot include reports iu to-day’s Chronicle .
KUlSOiDS AND MISCEL. Co.’s.
R.MMlO*DSANDMt8CBL.CO*S(Oo».)
Volume 65—
1'aoe. i Volume 65—
Pane.
Montana- lutarnatiiuwl
...149. ISO IRy. Einiip. of Minnesota........ 150
San Francisco & North Pacific R iilw ay.
( R e p o r t f o r the g ea r en ding J tm e SO, 1897. J
Tae report states that the eonttau-'d general depression of
busilKBs during 6n« past year affected the gross earnings, but
the pulley maintained during pi>t years of keepina up the
physical conditions of the prop-rtv h n enahled the company
this yf-ar co mat -nally reducs its operating expanses. The
imere-t on the first mort ;.*ge bond* h is oeen duly paid and
$23,0fWh i* hf-en paid oa acc itnt of th»sinking fuad;
The -titi-ti. * f ir four years havs been compiled for the
Chronicle as follows:
JIAKStSGS, ksi*rS«bs ano cuasobs
1896-97. 1895-96. 1894-95. 1803-94.
Bantings $
*
$
$
P.»**en*er............
330,983 373,279 384,103 408,382
i rcirttu ........................ 320,751
:l(»7. t >7 393,10’ > 350,686
JI»I1, expreis# and misoel. . AO,30;i
5 1,412 •11,433
49,368
790.958 826,701 803,336
175,538 179,700 177,631
Motive p ow er.......... ............ Si i.7?n
104,584 105,304 103.803
19,937 17,070
32,639
Maliitenaoee of ear* ..._ 25,401
M.tlnti-oan-’e of way ..... 87,186 129,160 131,821
134,615
Ueoorai.................................. H9.S26
76.S76 74,lift!
76,235
Tax**......................
84,866
37,500
30.623
30,638
Tola!.... ................ .. 490,909
558,378 541,772 512,940
Net munUBi;*....... - ___ 240,125 832,589 281,929 265,396
tleduct—
Internet on bond* . .. __ 204.913 205,5 »0 208.140 203.163
Sinking fund .....
25,000
23,090
23,000
25,u0d
Miscellaneous___ .......
__
9,843
Total.............
229,915 230,550 231,140 243,811
Batantw, surplus........... 10,210
22,035
2,031 53,788
—V. 63. p. 230.
Elptnsts—
ContluoUuit tr»u»ponaiIon. 1*0.209
Boston & Albany RR.
i Statement for gear ending June SO, 1897.J
In advance of the annual report the following figures are
given, showing results tor the late fiscal year:
1997.
1Si'll.
1895.
1894.
Tears rml. Juur 2 0 —
#
8
$
$
Gross eannatt* ............. 8,111.675 9,350.632 9.130,986 9, 190,276
Oyer, exponso* and Uixi-i.6,658,070 6.911365 6,579,361 6,720,288
Net earning.............2,456,549 2,-138,767 2,551,500 2,409,988
78,000
78,000
Rental* put,I.........
7«,<M0 78,000
1surest on debt........... 337,!HO 337,930 453.150 381,410
Total..............
415,990 415.080 531,150 459,410
Balance over chatues__ 2,040,509 2,022,787 2,020,355 2,1-10,578
Dividends, 8 p. $ .......... 2,00'),070 2,000,000 2,000,0,10 2,000,000
dtv*.. 40,369
22,787 20,355
___...
„ Bah,
„ . siirp.,
. over
V.
" 64
*' , p.951.
Union Railway, New fo r k Oily.
(Statement for year ending June 30, 1897,J
The uarninga tor the fiscal year juat closed have been
piled for the Chronicle as follow*:
Earnings—
1898-7.
• Inctod.-s result* on North Side rraotinnCompany, whteli t> < leased
$511,-53
Febroary, 1890, to the 8-eond A m Traction Co.
Street. Raiiwnr Set Earning-.— The following table gives
the return* of Street railway gross and net earning* received
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan an that fur the steam roads—
that is. w<» print each week ill the returns received that
week, but once a month (on the third orthe fourth Saturday)
we bring together all the roads furnishing returns, and the
latent statement of ibis kind will be found in theCHUOJnci.K
of July 17. 1897. The next will appear in the issue of August
21, lh*7.
••Vtl JS«n*mgt.—
1.897.
1890.
1897.
1890.
Somts.
-s
$
*
BttghktBtftn St, ily.Jans
12,776 12,987
3,482
3.S43
10,573
321,365
$220,488
898
* 221,486
133,431
f 88.035
OUicE- income
com
1805-6.
«
!
$183,336
1894-5.
$445,877
$184,886
$194,292
*50,826
$03,126
1,500
125,060
252,685
$193,292
1,000
131,160
OKNBil.U. BALAS0.K SUEKT .16NK 3 0 , 1897.
Amato—
Liabilities—
R o a d and equipment...*4,562,085 Capital stock........... $2,000,000
Materials and supplies
Funded debt .......
2,000,000
on h an d ............
23,330 Loans * hills payable..
264,609
Accrued taxed,-etc.
...
Dun by open acooanift..
Miscellaneous ..........
Cash on band.
48,199
5,675
52,546
17,-43
Accrued interest..........
41,666
Due for wakes and
32,299
supplies....... ........
48,429
Due on open sects., etc.
Profit and loss, «urp... 328,678
Total.............. ..,$-1,715,678
62,854
84,678
20.233 25,059
339,117 349,508 142,271 185,018 .Total..................$4,715,878
Mstrnp'n 8t,Ry.,KC. June 160,939 161,479
71,953 72,202
Jsn, 1m June 30.,„, 852.862 8.13,4.U 388,489 347,374 - V . 64. p. 1013.
Twin City Rapid Tr Junn 159,460 170,470
92,322
98.514
Jan, I to Jane 30,... 920,589 960, 16* 480,163 524,747
Union 8!n» t Ry, 0 ,%J)—
GENERAL
IN V E S T M E N T
NEW S.
Apr. 1 to -uno 3o___
148,240 139,026 62,520 64.739
Jan, 1 to Jnnn Bit....
259.434 242,296 93,515 82,794
Reorganizations, Ktc. -Latest Data as to Defaults, Reor
Weslc-ijeitor Elwjtrlo <H. V i
Apr. 1P>Juno 30_i
35.131
34,160
13,621 ganization Plam, Payment of Overdue Coupons, Etc.—All
11,180
Jan. 1to Jans 30_
58.330 14,367 13,011 facte of this nature appearing since the publication of the last
58,49s
t)?avi'rC<m.Trainw..Jau8
Jan. 1 to Junr 3u___
THE CHRONICLE
194
issues of the I n vesto rs ’ and the St r e e t R a il w a y S u p p l e
ments may be readily found by means of the following index.
This index does not include matter in to-dav’s CHRONiCLEt
See index in C h r o n ic l e of June 19, page 1179, for additionasmall companies.
Note.—Under street railways, the full faced figures refer to
“Volume 65; plain type to Volume 64.
R ailroads
Volume 65.
and
Miscel. Co.’s.
Page.
Street R ailways (Oon.)
Volumes 64 and 65.
Page.
Colum . H . V. A T o l....................... deposits.lfilB elle City (Racine,Wis.).reorg&S, l i t
Do
do
......... sold. 150
O g d e n s .A Lake C h a m p .......... c o u p o n . 1 M
O hio Southern............... fo r e c l o s u r e . 152 B rooklyn E levated ... _ deposits 1137
Pen n. M idland.....................................Com.152Caoital R y., F ran kfort, K y — « 9 d .ll8 0
nrarnit B ranch H R .......... s.lr.112, 152 4 t h St.& Arsenal <St.L.)..«oM.69, 111
T erre H aute A Logansport----- sate. 152 K ings County E levated ... .r&vrp 1002
No. W e s t’ n El. (C h ic .). Const Oo.tnt. 1 X 'l
Street R ailways .
e o p le ’s R y. (St. L o u is) .sale.lOil;
Volumes 64 and 65—
Page. PPittsburg
St. R ys . . .consolidation.1181
A sbury Park A B elm ar.............ante. 1223 Saginaw Consol. St.................. rerw .lO iS
Balti,n2'1 '1? a‘*u’n ......... \consol. 1180 Union St. Ry. (Saginaw )....... recvr. 1043
American Grocery —Another Meeting Adjourned. - An
adjourned meeting of the stockholders was held Thursday in
Jersey City fur the purpose of securing additional consents to
the proposition of the company’s directors for a dissolution.
While some more consents were filed there is not yet a twothirds m ij >rity in favor of winding ut> the company’s affairs,
and the meeting was adjourned until August 7.—V. 64, p. 1180.
Baltimore & Ohio KR. —Preferr d Stock Suit )or Divi
dends Dismissed.—JudgesGoffand Morris, of the United States
Circuit Couit, haDded down an opinion on Thursday in which
the petition filed by the Jobrs Hopkins University to comDel
the receivers to pay the interest upon the $3,000,000 of firs$
preferred stock is denied and dismissed. An appeal to the
United States Circuit Court of Appeals may be taken on the
part of the University, which holds about $1,000,000 worth of
first preferred stock.
After reviewing the reasons which have been previously
given why the Court has authorized the payment of interest
on bonds and also the creation of receivers’ certificates for
various purposes, the Court says the qu-ttion is Dot whether
if before the incumbrances were created or the contracts en
tered into the company might have been enjoined by the
State or holders of the first preferred stock fmm endangering
the profits out of which the dividend was to be paid, but the
question is whether at this time the Court can say there is a
profit fund which these secured lien creditors must Dot touch,
because it is appropriated to the preferred stockholders, and
charged with the payment of the 6 per cent per annum
claimed by them. The industry of learned and zealous coun
sel has not produced an authority in which, from facts, or lan
guage at all similar, such an appropriarion has been declared.
In closing theJCourt holds that the claim of a stockholder,
with a voice in the management of a corporation, i3 subordi
nate to that of creditor, and cites numerous au horities there
for. A ’so, that for the purpose of this decision, it does not
feel obliged to consider the question as to whether, after the
period when the clear annual profits of the company enabled
it to pay 6 per cent per annum dividends to all its stockhold
ers, the Sta’e’s claim was irrevocably changed from a de
mand for interest to a right to a preference dividend; that
the decision now given is based upon the fact that both in
terest and dividends were payable out of profits without any
specific lien or equitable charge.
Default August 1 on 1885 Loan.—The receivers have de
clared their intention to default August 1 on the B. & O.
bonds of 1885 (Pitt-burg & Connellsvdle bonds as collateral).
Messrs. Speyer & Co. of New Yorkand Spoyer Bros., Lmdon,
offer to purchase the coupon, As the interest is to be paid
August 1 on th° consol, bonds of 1887, the Uaion Trust Co.,
trustee under the mortgage of 1885, has petitioned that both
these mortgages he treated alike in the matter of the interest
payment. It is claimed that an agreement was made with
the B. & O. Company that the bonds of 1885 would be in
cluded in any later consolidated mortgage, and that no later
obligations would be included in such mortgage. The hear
ing for the pttition was set for September 28.—Y . 65, p. 150.
Boston Elevated RR.—Stock Authorized.—The Massa
chusetts Railroad Com missioners this week authorized the
issue of $10,COD,000 capital stock by this company from time to
time under approval of the Board. The issue"of $500,000 is
approved for immediate use to cover deposit of $300,000 wi h
the State as provided in the charter. The estimated expense
of the extension to Cambridge was $5,000,000, and the Com
missioners deferred consideration of this additional amount of
stock pending proposed legislation n-xt winter. Under the
Massachusetts laws one-half the stock (or $5,000,000) must
be paid up in cash before construction begins. —V. 65, p. 150.
Brooklyn Rap’ d Transit Co.—Brooklyn Elevated RR.—
Proposed Consolidation.—There have been no new develop
ments this w»ek regarding the proposed consolidation of
these systems, and the presidents of both roads refuse to talk
of the matter,—V. 65, p. 26, 151.
Chicago Indianapolis & Louisville R y.—Listing.—The
New York Stock Exchange this week listed $3,198,000 re
funding mortgage gold 6s, $2,670,000 refunding mortgage
gold 5s, $2 798,000 of the non cumula'ive 4 per cent preferred
stock and $8,646,400 of the common stock, and authorized
additional amounts to be added to the list from time to time
as official notice shall be received of their issuance up to the
following aggregate amounts: Refunding mortgage 0s, $4,700,000; refunding mortgage 5s, $2,909,000; $3,883,750 preferred
stock and $10,500,000 common stock,
Tb» refunding mortgage is for $15,000,000 of gold bonds, of
which $4,700,000 carry 6 per cent and $10,300,000 carry 5 per
[VOL. LXV,
cent. Of the 5a $5,300,0)0 are reserved for Louisville New
Albany & Chicago bonds due 1910 and 1911.
The company succeeded to the property of the old Louis
ville New Albany & Chicago Ry. on July 1, 1897, and the
above-mentioned securities were issued ia accordance with
the reorganization plan given in V. 63, p. 932. The pi in of
reorganization is based upon the earnings of the old company
for five years to June 30, 1890, showing av rage net earnings
of $1,093,308.
The fixed charges of the new corporation will be as follows;
Intereston divisional bonds, $5,300,000 at6 per cent..............$318,000
Interest on refunding mortgage 6 per oent bonds, $1,700,000
at 6 per cent..................................
282,000
Interest on refunding mortgage 5 per oent bonds, $2,909,000
at 5 per ce n t..................................... ............................................ 145,150
Total interest ............................................................................$745,150
Rentals (estimated) for terminals in Chicago, Indianapolis
and Louisville............................................................................... 210,000
Total...........................
$955,450
The actual net rental cost of the Chicago terminals is re
duced by dividends received on stock of the Chicago & West
ern Indiana Railroad and the B.dc Riilway of Chicago,
which amount to about $75,0)0 per annum, and which are
included in’ the receipts of the company.
For the year ending June 30, 1897, the earnings (month of*
June being estimated) were as follows:
G ross........................... .$2,960,747 I Charges (as above)...........$955,450
Net..................................... 922,745 |Balance, deficit................ 32,705
In the thrpe weeks ending July 21, 1897, gross earnings
have been $193,369, being an increase of $23,310 over last year,
—V. 65, p. 26.
Chicago Rock Island & Pacific R y.—Refunding.—The di
rectors of this company are considering the qu-tstion of re
funding toe mortgage indebtedness. There are $5 00) 000
Chicago & Southwestern sevens maturing Nov. 1, 1899. The
extension and collateral fives, of which there are $40 394 0)0,.
and the debenture fives, of which there are $4,500,000, are
redeemable at 105.—V. 64, p. 1085, 1090.
Colorado Midland RR.—To Be So’d Sept. 8.—Judge Cald
well, of the United Stites Circuit Court, at Denver, Col., on
Thursday, the 39th inst., entered a decree for the fort closure
sale of this road. The date of sale has been fixed for Sept. 8
at Colorado Ci'y, Col.
Minority Bondholders.—The minority bondholders who opprse the reorganiz ition have decided to test their legal
rights. About $400,000 is represented, W m . F, King being
chairman and J. B. Dili counsel.—V. 65, p. 151.
Coltnnbns Hocking Valley & Toledo Ry.—Receiver's Cer
tificates.—Judge Taft, of the Federal Court, at Columbus,
Ohio, has issued an order authorizing the receiver to i sue
$500,000 of 5 per cent receiver’s certificates, to be used to re
lieve receiver’s notes issued to pay claims aggregating $162,978 and for other purposes as ordered.—Y. 65, p. 151.
Coney Island & Brooklyn RR.— Brooklyn City & Newlown RR.—Proposed Consolidation.—A plan for the consoli
dation of these toads has been under consideration for some
time, but no details have been yet given out,—Y. 64, p, 1223;
V. 65, p. 26.
1) laware & Hndsoa Canal & R R —A. & S. Refunding
Considered —At the regular monthly meeting of the board of
managers on Wednesday the question of the refunding of the
Albany & Susqu ‘hanna $10,0 )0,000 of 6 and 7 per cent bonds,
due April 1, 1906, at a low rate of interest was discussed, but
no final action was taken. I: is considered only a question of
a short time when the matter will be taken up in earnest.—
V. 64, p. 952.
Dry Dock East Broadway & Battery R R .—Third Avenue
RR. ( 9. Y. City).—Control o f Dry Dock Purchased.—It is re
ported that a contract was signed on Tnursday which will
give the Third Avenue control of the Dry D jck road on Aug
ust 23.—V. 64, p. 1041, 1133.
Edison Illuminating Company o f St. Louis, 3Io.—Sale —
This property will be sold on 8 ipt. 11, under foreclosure of
the $4,000,000 6 per cent mortgage of which the Knicker
bocker Trust Company of New York is trustee.
Elgin Joliet & Eastern R y.—Purchase o f Chicago Heights
& Northern Ry.—A deed transferring all the property of the
Chicago Heights & Northern to the Elgin Joliet & Eastern
was filed in Joliet this week. The consideration is $285,000
worth of E. J. & E. bonds and $1 in cash. The Chicago
Heights & Noithem was incorporated in May, 1897, to build a
line from Chicago Heights to Chicago.—Y. 63, p. 553.
Englewood & Chicago Electric Ry.—Sale.—At Chicago,
this week, Judge Showalter entered a decree for the sale of
this road. Out of the purchase price there is first to be paid
the costs of administration, then series “ A” of receiver’s cer
tificates, amounting to $60,000, then series “ B” of receiver’s
certificates, amounting to $260,000, and thereafter the bonds.
The order shows that $1,178,000 worth of bonds were issued
and are ou'standing, of which amount $278,0 )0, including the
so-called William Y . Jacobs $150,000 worth of bonds, is being
contested by the receiver on the ground that the railway com
pany never received any consideration for them.—V. 64,
p. 423.
Kansas City Pittsbnrg & Gnll R R .—Stock to be In
creased —A special meeting of the stockholders will be held at
Kansas City, Mo., on September 9, to act on the proposition to
increase the authorized capital stock from $30,000,000 to
$23,000,000. The Chronicle is officially informed that it is
July 31 1897. j
THE
CH K U N 1CLE
n ot e x p e cte d that all this stock w ill be issued, but u n der the
Saws o f Missouri a road ca n tu t be bonded in excess o f its ca p
ital stock, and as the bonds are issued on m ileage it is proba
ble that the issue w ill b e som ew h at m excess o f s i l,000,000,
but there w ill be m ore stock issued than bonds, as th e A rk a n
sas R iver Bridge was paid for in stock w ith ou t a n y bonds
bein g issued on i ‘ .— V , 64, p. 1324,
K ansas City S u b u rb a n B e lt H R .— C ou pon N otice.— Coupons
o f the first m ortga ge 5 par cen t bonds o f the U n ion Term in al
R ailroad and o f the drat m ortga ge 5 per cen t bonds of the
Consoli iated Term in al R ail way du e A u gust 1, 1897, w ill be
paid at the offie= o f the Suburban Balt, 403 Chestnut S treep
P h ila delp h ia ,— V. 83, p . 1177.
L o n is v .llo E r a n s v llle A St. L o u is C o n s o lid a te d it it .—
Sew C ertificates.— Receiver Jarvis has been au th orized by the
Federal C ourt to issue $100,000 receiv ers certificates
th e
p roceeds to
be
used
fo r
equippin g
w ith
air
brakes a n d a titom aiic caiipHo#-*. There are f3«4,i>9u o f o par
c e n t certificates ou tsta n din g.— 4 . 63, p. '19.
Madison Square Garden (N. T.) -R e o r g a n iz a tio n .— It is
proposed to foreclose the secon d m ortgage o f this com p a n y ,
and to sell the property and its franchises to the R eorgan iza
tion C om m ittee, su b ject to the present first m ortg a g e o f
SI 230,000 and unpaid taxes o f a b ou t $100,000. A n ew co m
pany sull t>« form ed , w ith a capital stock o f 11,350,000. o f
w hich $500,000 w ill be co m m o n and $730,000 o f 7 per cent
preferred, and $300,000 o f 2d m ortga ge 6 per cen t in com e
bonds,
,
O ld second m ortga ge bondholders are assessed Jim )
per
b on d and stock h olders $2 50 per share, payable as o f August
15, interest at 6 per cent accruing on assessments not pa id by
that date,
,
.
T he assessm ents are to provid e fo r ou tsta n din g debts o f the
co m p a n y .
T he $300,000 second m ortga ge in com e bonds are to g o to the
persons w ho pu t up the needed ca pita l. T h e $730,000 o f pre
ferred sto ck is to go t o dep sitors o f th e present secon d m o rt
g a ge bonds and the $300,000 com m on stock is to g o to the
stock h old ers w ho deposit their s tock a cco rd in g to the dem and
o f the reorganization co m m ittee, J. P. M organ & Co..w ill
receive deposits o f second m ortga ge bonds and sto ck , g ivin g
receip ts th e re fo r,— V. 64, p. 953.
Nassau E le c t r ic S y s te m .—A t la n t ic A ren n e R li. (B r o o k
ly n ).—South B rook lyn C entral K H . BotvU . - T h e Brat and sec
o n d m ortga ge "bonds o f the S ou th B rook ly n Central Railroad
C om pan y o f B rook lyn , m aturing on A ugust 1, 1897, w ill be
paid o n presto tat ion at the Fran klin Trust C om p a n y . H oldeta are given an option to take in e x ch a n g e fo r their bonds, at
par and accru ed interest, A tlan tic A ven ue Railroad con soli
da ted m ortgage g o ld 5s o f 1931.— V , 03, p, 777.
New E n gla n d T e le p h o n e A T e le g r a p h .— D ividend* In
crea sed ,— T h i s c o m p a n y h as increased its d iv id e n d from a 3
to a 6 p e r c e n t basis, b y the d e c la ra tio n o f a l ! j p e r cent
q u a rt e r ly d iv id e n d , p a ya b le A u g . 18, instea d o f th e u su al
p e r c e n t . The re p o rt fo r th e y e a r e n d in g D e c . 81,1898, was
g iv e n in the C h r o n i c l e , V , 84, p , 949.
Om aha & St, L o n ls R R ,— Q u in cy O m aha A K ansas City
R B .—O m aha K ansas C ity A 'E a s t e r n B B . — P o s te m o n As
turned b y O. K . C. efe A’.— Receiver Barnard surrendered pos
session o f the O m aha & St. Louis on the 29th iost., and the
line fro m Q u in cy to O m aha, 315 mile#, form ed b y the union
o f th e above-nam ed properties, w ill be operated b y the Omaha
Kansas C ity At Eastern under J oh n M, Savin , G enera! M an
ager,
A con tra ct has been m ade fo r steel rails to re
place the rem nan t o f iron rails, so that the entire tine
w ill be laid in steel in a fe w w eeks fr o m Omaha
to Q uin cy.
The C onstruction C om pany com p leted the
link o f 33 miles on e year ahead o f con tra ct tim e. A C h icago
con n ection has te e n m ade via th e A tch ison Topeka & Santa
Fe, M anager Savin estim ates that b y reason o f add ition s t o
the o ld business resulting from these and oth er n ew co n n e c
tions, the roa d w ill earn $1,000,000 gross the first year. The
o b lig a to ry interest f o r the n ext th ree years on the entire
bonded d eb t o f th e lic e , o f w h ich the C on stru ction C om pany
ow n s over 01,000,000, is $178,240 per a n n u m , or $38# per mile.
It is ca lcu lated that a large surplus w ill be earned, w hich
w ill be applied to any necessary betterment-*.
U nder the term s o f the agreem ent w ith the O m aha & St.
L ou is C om m ittee each surrendered certifica te o f th e G uar
anty C o. for a deposited $1,000 O m aha & St, Louis bond w ill
be entitled to the fo llo w in g :
1, 0730 in l p, c . first m ortga ge f l.OCO bonds o f the Ornalis
A St. Louis R ailroad C om pa n y, w ith cou p on s due Jan, 1,
1898, and subsequent dates 3 t tolled.
2, $250 in trustee’s certificates, at $100 a share, for stock o f
th e O m aha & St. L ou is R ailroad C om pany,
3, $12 50 as a distributive share o f th e n et n am ings o f the
ra ilw a y du rin g its ow n ersh ip by th e com m ittee fro m Jan. 27,
1890, to J u iy ! . 1890,—V , 83, p. 27: V, 84, f>. 954, 1225,
Pei r ia ISscatnr A E v a n sv ille B y .—*jEm m v ille D h m io n
M ori, Ft-recim ure. —T h e CenlTal Trust Com pany o f N ew York
a n d H , L, M orrill, trustees under the E vansville Division
fir l m ortgage « f the P eoria D ecatu r & E van sville R ailw ay,
c n Tuesday filed a bill in the United S tates C ircu it C ourt at
S p rio g fltld , Mb, fo re clo sin g the sam e. Orders w ere entered
by J u d g e A llen exten d in g th e existin g receivership o f E. O
H opkins to th e equities o f this n ew bill, a r d req u irin g I im to
keep separate a ccou n ts resp ectin g tile sam e. Orders »,f like
charanter "
» - . •, i <ued in reference t o th e bill filed J u ly 8
last to foreclose th e first m ortga ge on the P eon a D ivision.
195
The oou r s h ave assigned R eceiv er E. O. H opkins (ap
poin ted on a pplication o f the 2d m ortgage bondholders) to be
receiver u nder th e 1st m ortga ge bonds also, so that the r e
ceiversh ip n o w cov ers all ou tstan din g m ortga ges.— V . 65, p. 70.
R e a d in g C om p a n y .— Stam ped E xten d ed Js o f 1 8 8 2 — The
Philadelphia S to ck E x ch a n g e has listed the $5 073,042 “ first
series con solida ted m ortga ge exten d ed 4 per cen t g o ld bonds
o f the P . & R. RR. C o .” dated 1883. The total issue o f these
bonds was $5,767,042 an d the balance w a s paid o ff.- -Y .6 0 , p. 152.
S ou th S id e E lev a ted R R .— E lectric P o w e r .— T he m a n a ge
m ent exp ects to com m en ce operatin g the roa d w ith electric
p ow er on N ovem b er 1,— V . 64, p. 1228,
U n ion P a c ific B v .— In terest P a ym en t.— The interest due
Ju ly 1, 1897, on the U . P. first m ortga ge 6s was paid J u ly 26
w ith interest thereon to that date at the U n ion Trust C o.,
N. AT., or the co m p a n y ’s office in B o s to n .—V . 65, p. 70.
U n ion P a c ific B y .—F oreclosu re Decree G ra n ted .— A t
O m aha, N ebraska, on Thursday, J u d g e Sanborn passed on the
decrees o f sale o f this property. T he upset price under the
first m ortgage w ill b e $50,637,455. J u d g e W . D . Cornish, o f
St. Paul, w ill a ct as special m aster in th e m atter, H e w ill
sell tbs m ain lin e, the 1,034 m iles o f road fro m Council
Bluffs to O gden , and its im m ed iate branches in O m aha, Neb.
The date o f sale w ill n et be fix ed until tw e n ty days shall
have expired, the C ou rt g iv in g that m u ch tim e to th e U nion
Pacific R a ilw a y C om pany to redeem the property. Sim ilar
decrees w ill be en tered in C ou n cil Bluffs and later in the
States o f W y o m in g , C olora d o, U tah and Kansas.
The m on ey received fro m the sale is t o ba used first fo r th e
pa ym en t o f * the first m ortga ge b o n d s ; second , i f there be a
surplus, to the pa ym en t o f an y deb t du e th e G overn m en t.
The purchaser pays all costs, eom p m sa tion o f m aster, balance
due receivers on u npaid indebtedness o f receivers, etc.
The decree in fa v o r o f the U n ited States is sim ilar in fo rm
to the on e fo r first m ortga ge b ondholders, e s c p i that it p ro
vides f r a sale o f the p rop erty su b ject to the prior liens
represented in the oth er decree. It provides fo r a dou ble sale,
to wi*. the subsidy bonds o f 127,238,513, w ith interest
a m ou n tin g to $30,525,430, m a k in g a total o f $57,701,942, the
upset price being $28,000,000; the oth er is the sale o f $15,845.850 89 o f U n ion P acific sinkin g fun d, w h ich ca n n ot be
sold fo r less than pa r va lu e.— V , 85, p , 70.
W estern U n ion T e le g r a p h .— L istin g .— The N ew Y ork
S tock E xch a n g e this week has au th orized $1,500,000 a d d i
tion a l collateral trust 5 per e e t t cu rren cy bonds added to
am ount n ow listed, as aud w hen issued in ex ch a n g e fo r gu ar
anteed 8 per c e n t s o c k s o f the N ew Y o r k M utual Telegraph
Com pany, the G old & S tock Telegraph C om pan y and th e Iu t irra tion a l O cean Telegraph C om p a n y , and the gu aranteed 0
per cen t ponds o f the M utual U nion Telegraph C om pa n y.
W hen the exch a n ges a r e c o m p k t e d the total collateral tru stos
listed w ill be $10,000,000,- V , 01, p. 1189,
W h e e lin g A L a k e E rie B y ,— D ep osits.— 'T he reorga n iza
tion com m ittee, o f w h ich G eneral F itzgerald is ch airm an , an
nounces that it has practically all t b e c o - s .i l , m ortgage 4s
under its co n tro l and n ea rly tw o-th irds o f th e W h eelin g Lake
Erie & Pittsburg Coat C om p a n y first*. T he com m ittee ulso
receives deposits o f W . & L E, R y . stocks a n d the Coal C o m
pany stock. T he depositary is the M ercantile Trust C o., N ew
Y o r k .— V . 63, p. 29.__________________________________ _
—The sem i-annual statem ent o f th e U n ion D iscount C om
pany o f L on d on , L im ited, has com e to h an d, a n d w ill be
fou n d in o u r ad vertisin g colu m n s, sterlin g b ein g con verted into
dollars. T h e a ccou n ts, in clu d in g the balance b rou gh t forw a rd
from last yea r and a fter m akin g provision for bad and d ou b t
fu l debts, show a gross p ro fit o f $617,976. A llo w in g rebate o f
interest on bills d iscou n ted n ot y et d u e, there rem ains a bal
ance o f $282,634. O u t o f this sum $49,000 (£10,000) has been
added t o the reserve fu n d and a div id en d at the rate o f ten
per cen t per ann um paid fo r the six m on th s, leavin g a balance
o f $74,101 carried forw a rd to new a ccou n t. T he U nion Dis
cou n t Co. has a sta n d in g ca rd in the C h r o n ic l e on page in ,
in w hich it keeps revised by table the rates it allow s for m on ey
at ca ll and at three to seven d a y s ’ n otice,
—Reports o f the con d ition at close o f business J uly 28 o f
the fo llo w in g national banks w ill lie fou n d in ou r a dvertisin g
colu m n .!: C on tin ental, M arket & F u lton , C iiy , A m erica n
E xch a n g e, G allatin , M ercantile. Secon d and Chase o f N ew
Y ork , and Fourth S treet o f Philadelphia. The rep ort o f the
Chem ical N ational Bank w ill be fou n d on the last page o f
the Q u o tatio n S u p p l e m e n t .
— Mr. d ia r ie s W . P lace h as rem oved his office from 35
Broad S treet to th e n ew Postal T elegraph B u ild in g, Nos. 90
and 23 Brr ad Street. Mr. P lace advertises in to-d a y’s C h ro n
icl e fo r severa l issues o f bonds and stock fo r w h ich he has
orders,
—•Messrs. W ilson & Stephens, o f 41 W a ll Street, take pleas
ure in a n n ou n cin g that on and a fter A u gu st 2 Mr. Charles B.
L u d w ig w ill have ch a rge o f their m u n icipa l b on d depart
ment.
— A list o f the cou p on s and d ividen ds payable du rin g A u gu st
at the
Farm ers’ L oa n & Trust C om pa n y w ill be fou n d
a m on g th e advertisem ents.
1 — A ttortion "is ca lico to Messrs. R ed m on d , K err & C o.’s o f•ferin g o f si cu r tie# for A u gu st in vestm en t, published In Our
I a dvertisin g c o lu m n s /
| —Copies o f the n ew tariff law cau be had at the CHRONICLE
office; price tw e n ty -fire cents.
THE
iyii
J h c
C o m m e r c ia l
C O M M E R C I A L
(H R O N IiL E .
[V ol . LX'V.
^ x m cs.
T h e M ovem en t
E P I T O M E .
of
C O T T O N .
F r i d a y N i g h t , July 30, 1897.
t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 3,207 bales,
F r id a y N ig h t , July 30, 1397.
against 2,4-17 bales last week and 4,415 bales the previous
The fact that the tariff legislation has finally come to a week, mailing the total receipts since the 1st of Sept., 1896,
close has been the principal (actor in the general business 6,676,4% bales, against 5,210,938 bales for the same period of
situation; while the duties imposed in many instances are not 18i)5-6, showing an increase since Sep 1,1896, o f 1.465,548 bales.
to the liking of numerous merchants, the mere fact of th e
removal of this hindrance to a revival of business activit y has
Mon.
Receipts at—
Sat.
Tues.
Wed. Thurs. Fri.
local.
been a sufficient rtascn to warrant the favorable receipt of
80
252
35
59
78
the new tariff law. The object lesson of the prices for sil
........
.......
Tex. City, &c.
ver and wheat going in opposite directions, the latter ad
106
29
494
984
95
91
169
vancing while the former is declining further, proves the fal New Orleans...
5
6
41
7
23
lacy and sophistry of the arguments used by the free silver ex
pounders during the late campaign. No settlement of the
43
31
1
s
6
9
98
strike of the bituminous coal miners has been reached as yet, Savannah........
........
......
Brunsw’k,&e. _____
......
but the outlook is considered favorable for the early terrni
6
12
7
6
31
nation of the strike. Advicts received from India have re
Pt. Royal,&c.
ported some political disturbances in the interior. Crop news
Wilmington__
12
11
5
7
1
36
has beeD generally favorable, both for grain and cotton.
........
........
Wash’ ton, &c.
......
Lard cn the spot has bad a moderate sale, principally for
export account, and prices have advanced, closing firm at
73
8
5
34
178
58
........
4 55c. for prime Western and 4-IOc. for prime Cit*; refined N’p’t News, &e.
28
28
for the Continent has had a fair call and prict s have ad New Y ork....... ........
........
........
........
......
vanced to 4'80c. Locally no business has been transacted in
123
9
157
219
160
668
the market for lard futures, but at the We.-1 trading has
56
56
been fairly active, as there has been fair buying for invest Pliiladel’a', &c..
431
835
17
9
378
ment account, stimulated by an increased demand and
Tot. this week
360
802
435
257
823
3.207
530
higher prices for swine. The close was firm.
The folloyving shows the yveek s total receipts,the total since
D AILY CLOSING PRICES OF LARD FUTURES.
Sept. 1,1896, and the stock to-night, compared yvith last year:
Sat. Mon. Tues. TTed. Thurs. Fri.
Sept................................ 0. 4-42
4-50
4-45
4-40
4-50
4-57
Pork has had a moderate sale and at full values, closing
firm at $8 00@8 50 for mess, $8 75(^10 75 for short clear and
?9 25@10 00 for family. Cut meats have had only a moderate
sale, but pri es for pickled have advanced, closing atfij^®
6%c. for pickled bellies, 12@10 lbs. average, 5@5J^c. for
pickled shoulders and 8J^@9c. for pickled hams. Beef has
been quiet and unchanged, closing at §7 50@8 00 for mi sq
$8 00@8 50 for packet, $9@i0 for family and $i2@13 50 for ex
tra India mess. Betf hams have further advanced to
$26 50@27 00.
There has beeu a limited demand for
tallow and prices have been without changes and steady at
3I£c. Oleo stearine has been quiet and prices have weakened
slightly, closing at 4% @ l% c. Lard sttarine has been firm
but quiet at 5%e. for city. Cotton-seed oil has had a fair
export demand and prices for prime yellow have advanced
to 25@26c. Butter has had a moderate sale for choice at
steady prices, closing at l]@15c. for creamery. Cheese has
been firm for choice stock, closing at 6@7%C) for State fac
tory full cream. Choice fresh eggs have been firm at 12c.
for Western.
Business in the market for the. Brazil growths of coffee has
dragged, but there has been no pressure to sell, and pricts
have held steady at 7%c. for Rio No. 1. Desirable grades of
mild goods have had a fair sale, at steady values, closing at
13c. for good Cucuta and 24c. for standard Java. The specu
lation in the market for contracts has been dull and prices
have gradually sagged under large Brazilian receipts and
European advices, closing dull at a slight decline in pricts.
Following were tbe final asking prices:
A ug.................... 6-85C. I Nov....................7-I0e. I Feb....
Sept................... 6-95o. Deo..............
7-15c. March.
O ot.................... 7 ’00c. 1Jan................... 7-20c. May
7-250.
7-35c.
7-45o.
Raw sugars were active at 3^c, advance early in the week.
The close was firm but quiet at 3%c. for centrifugal, 96-deg.
test, and 3J^c. for muscovado, 89 deg, test. Refined sugais
have bi en advanced l-16c. toj^ c., but at the higher prices
business has been dull, closing at 5c. for granulated. Mclossts and Byrups have been fairly active and firmer. Rice
has advanced for foreign. Teas have been quiet but steady.
Kentucky tobacco has had only a limited tale, but values
have held firm. Seed leaf tobacco has sold slowly, but prices
have been firm. Sales for the week were 800 cases as follows •
300 cases 1895 crop, Zimmers, 15@16e.; 100 cases 1893 crop,
Wisconsin Havana, l l ^ c , : 100 cases 1895 crop, Pennsylvania
Havana, 12c.; 24.0 cases sundries.- 5@14c., and 100 cases 1895
crop, New Ei-gland Havana, I8@21c.; also 75 baleB Havana
at i Oc . to $1 05 in bond and 200 bales Sumatra at 90c. to $2 30
in bond.
Only a limited amount of business has been transacted i
the market for Straits tin, and the charges in prices hay
been unimportant, closing at 13 80c. Ingot copp r has bee
m active export demand and prices have advanced slight]'
closing firm at ll% @ ll}^ c . for Lake. Lead has been lei
? ™ Te’„ but prices have held about steady, closing at 3-871*
i S f e f ” domestic. Spelter has been quiet but steady';
4 30@4-3oc. for domestic. Pig iron has bad a moderate aa
at steady prices, closing at $9 75@12 25 for domestic.
hhhf q oa PeT olf,um ,h?a been steady, closing at 5-75c. i
bbls.,3 25c. m bulk and 6-20c. in cases; naphtha quiet at 5-50i
Crude certificates have been neglected; credit balances hay
been unchanged at 75c. Spirits turpentine has advance
s fcarply m response to Southern advices, closing firm at 281
(gg9c. Rosins have been dull and easier at $1 55@1 60 ft
common aL(^ good strained. W ool has held firm but t
sellers have been above buyers’ views, the sales made hay
been limited. Hops have been quiet but steady. *
Receipts to
July 30.
Galveston...
New Orleans
M obile........
Savannah...
Charleston..
Wilmington.
Norfolk.......
N’portN.,&e
Boston........
Baltimore. .
Philadel.&o.
Totals......
1896-97.
This Since Sep.
week. 1, 1896.
1895-96.
This Since Sep.
week. 1, 1895.
252 1,341,803
112,753
984 2,071,381
43 291,405
88,525
98 840,473
177,266
31 398,410
73,595
36 234,585
857
178 704,125
28
18,939
48,575
668 160,903
63,356
56
49,532
835
587 927,786
47 112,975
3,250 1,759,388
17 195,915
33,753
973 754,314
115,384
98 280,249
77,513
3 170,944
767
128 337,707
141 170,254
53,147
234 126,890
........
48,858
43,094
61
3.207 6,676,4*6
5,539 5,210,938
Stock.
1897.
1896.
1,600
5,979
10,093
1,890
26,841
3,172
8,976
1,317
6,481
7,478
568
10,957
1,225
4,049
1,000
63,846
4,000
2.005
4,199
3,603
50
86,983
5,000
5,846
4,978
106,638
165,504
In order that comparison may be made yvith other years,
we give below the totals at leading ports for six seasons.
Receipts at—
1897.
1896.
1895.
Galves’n, &c.
New Orleans
Mobile.........
Savannah.-..
Ohas’ton, &c.
Wilm’ton, &c
N orfolk.......
N. News, &c.
All others...
252
934
41
93
31
36
178
28
1,559
634
3,250
17
973
98
3
128
141
295
83
762
80
117
30
25
53
Tot. this wk.
3,507
5,539
1894.
1893.
1892.
610
530
1,423
35
348
102
38
443
64
961
250
4,579
243
1,444
31
33
1,242
393
2,498
532
3,293
47
972
163
56
183
280
3,130
1,760
3,944
10,713
8,656
Since Sept. 1 6676,48m 5210,938 7865,090 5918,843 5061,467 7105,083
The exports for the week ending this evening reach a total
o f 9,248 bales, of yvhich 2,331 yvere to Great Britain, -----to France and 6,917 to the rest o f the Continent. Below
are the exports for the yveek and since Sept. 1, 1896.
E xp orts
fro m —
G a lv e s t o n .....
T e x . City, & c..
New O rle a n s ..
M o b ile ..............
P e n sa co la .......
Savannah........
B r u n s w ic k ....
C h a r le s to n ....
P o r t I t 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 o re —
P h iladelph ia..
San Fran., & c.
I W eek Ending J uly 30, 1897. |From Sept. 1, 1896, to J u ly 30,1897
I___ _ E xp orted to— ______ . ___________ E x p o rted to—___________
G reat
Conti Total
Great
Fi'ance
F rance
B rit'n.
nent. W eek. B ritain .
711,291 201,591
1,229
.......
671
4,039
.........
5,318
2,025
100
703
2,696
10
703
43J
481
T o t a l ............
2,331
T o ta l, 1896-66.
13,040
25
844,788 426,297
143,412
66,732 .........
48,26b 15,334
103,347
78,322
71,600
95,431
148,320
5,200
9,653
3? 2,031 37,944
228,874
80,717
8,798
11,869
3,561
C onti
nen t.
Total.
285,726 1,228,608
21,798
21,798
691,323 1,962,408
37,120 180,532
5,618
72,350
372,543 436,140
21,789 125,136
191,889 2.70,211
71,600
111,363 206,794
46,655 200,175
1,178
10,831
291,215 661,240
3.822 232,696
83,224 172,739
450
12,319
59,292
55,731
6,917
9,248 3,008,261 695,164 2,221,444 5.924,869
9,191
22,256 2,236,843 465.810 1,853,816 4,556,519
THE
J uly 31, 15*87,]
C H R O N IC L E,
In a d d itio n to a b o v e e x p o rts , o u r teleg ra m s t o n i g h t also
g iv e us th e fo llo w in g a m o u n ts o f c o t to n on sh ip b oa rd , n ot
cle a re d , at th e p o rts n am ed .
W e a d d sim ila r figures fo r
N ew Y o r k , w h ic h a re prepared fo r o u r sp ecia l use b y Messrs..
L a m b ert & B a rrow s, P rod M e E x ch a n g e B u ild in g .___________
OX SUU'ISOARlJ, NOT Cr.KAREU FOK-
July 30 at
Great
B rita in ,
Other Coast- I
France. Foreign, wise. j Total.
446
2,170
am
436
stock.
f_
New Orleans.
G alveston___
Savannah___
C h a rle s to n ,..
M o b ile ...........
N o rfo lk ..........
Sew Y o rk —
Other p o rts ..
388
None.
None.
None, None,
None. None.
N o06. ' None.
None. None.
1,200
200
200 None,
No 06.
None.
None.
None.
None.
600
600
12
None.
100
None,
5t»0
None.
None.
12
None.
100
None.
560
2,000
800
7,923
1,594
8,9 :>i
6.381
1,800
*140
61.848
11,946
T o ta l 1897.
1,788 ; 1,109
1,836
1,118
5,612
100,996
8.5S7
2,905
1.481
1,298
23,1' 5
13,838
142,379
325,610
T o ta l 1896. .
To ta l 1895.
11,604
9.965
1.453
690
Speculation in cotton for fu tu re d elivery has b .e n quiet.
There has been practica lly no interest show n by outsiders and
the professional trade has lim ited its operations to ‘ ‘s c e lp in g ”
transactions. T h e cou rse o f prices for A u gust con tract*, pa r
ticularly du rin g the latter part o f th e w eek, was the p r in ci
pal feature o f the m arket, th ey a d v a n cin g rather sharply on
m oderate b u y in g , gi nerally sup posed to be by belated ahor s
to co v e r con tra cts, a lth ou g h there w ere those o f m e trade
w h o w ere o f the im proveioa that a deal w as a i d e r Way.
T he n ew cro p m onths h ave m ade on ly sligh t ch anges in
[■ricf a. Early in the w eek the advices from Southern
T exas sla tin g that no rains h ad fa llen , t o g e t j i t w ith a d
vices fro m points east o f th e Mississippi co m p la in in g o f too
m u ch ruin, had a etren gtbin g in flu ence. Subs- q u en tly . h o w
ever fairly go**! rains w ere reported in the d icu ih -s trick e n
*• cttor B of Texan ; there w « a return o f autwhiue in the A t
lantic Stat< a ; i h e a d v ice s fro m India reportin g a disturbed
political situation e ffe cte d th » L iverpool n u rk et u n fa v ora b ly ,
thus tn d irecily h aving its influence lo ca lly , and the deprea
tdott in sitver was also against th e m arket, but as th ere waa
n o pr» s-ure to se ll, the reaction in prices was s lig h t ; fu r th e r
m ore the a dva n ce in A ugust con tra cts had a le n ie n c y to hold
tb e emir*- m arket stea d y
1'. -day ilt<- tnarke » « * quiet,
E i r l y i n the da y pric<» were w eaker und* r fa v ora b le cra p
proepecte, but tow ard the c lo w there w»-s a partial recovery
on a d e m a rd from aborts to c o v e r c i o t r a c » closin g awuidy
at I to 3 points low er fo r the d »y. t >>tion on tbe spot h*s been
liv'd- r o e l y a ctiv e , as there has been b u y in g b* in fo r exp ert
and r p in n u s ’ a cco u n t, and on T h ursday priced w ere a dvan ced
1-lflta, To-day the m arket was q u iet and u n ch a n ged , closin g
at * c . fo r m iddlin g uplands
T h e tota l sales fo r forw a rd d eliv ery for th e w e e k are
899,600 bales. For im m ed ia te d eliv e ry th e tota l sales foot
up th is w e e k 5,089 bales, in clu d in g
fo r e x p o rt, 3,034
fo r co n su m p tio n , - — f o r sp ecu la tion a n d 1.4W) on c o n tr a c t .
T lie f o llo w in g a re th e o ffic ia l q u o ta tio n s fo r e a ch d a y o f th e
past w eek — J u ly 3$ to J u ly 30.
R ates on a n d o f f m id d lin g , a » establish ed N ov. 22,1893. and
revised D e c. 11, 1885, b y th e R evision C om m ittee at w h ich
gra d es o th e r th an m id d lin g m ay b e d eliv ered on c o n tr a c t :
F a ir .................... .............. e. 1 M on. Good O rd in a ry ____ ....e, 1
off.
M iddling F a ir .....................
% on.
Good M iddling Tinged
Strict Good Middling......
6MM M idd ling . ----- --------
<* o n .! dferte: Middling rt blued ,
on, ! Middling Stained.............
Strict U m M iddling........
*«* off. : strict Low MM. Stained
.
UPLANDS.
N u t.
Good O rd in a ry ................... . . . . . 65*,,
teawM M d t l n g . , .
MSAdMog*....
....... 7 IJ I»
fiovrtl Ml*l<IRn«r.........
. . . . < $**
gliwp;
Mid,Him- Fair......... ..........
G ULF.
H a l,
Good O rd tna rv................... ....... 74.,
lAtwM 14411a f . . . ___. . . . . . ....... 71%,
Mtildliijsr........
GmM.l M kldlinff........
....... 8%
mmmms
.......... . ....... . » ' I
S T A IN E D .
Snt,
Low Middling...................... ....... « " l »
M iddling .............................
S frirt M iddling................... : : : : : ?<
J 7-ft.,
Good Middling Tinged ..
8%
« ‘*l
n « n T i le * W e d
7L,
7**i
S >
8*«
9 ', .
F r l.
7
: 7*0
8
8*ie
S’*
T Ii.
F r l.
TM
7**
7%
7-- ,
7 »„
7 * ',, 7l*i.
»
ft«
g£*
»%
8 He
81 ,
» v
9*1
8*1*
9%
'* l» n T u e k W e d
Th.
F rI.
8%
U-Tl
7*8
g i‘ i«
a
7®]« . , J1
- r : : 7i*,.
711 „ 71 » *
%*•
7%
7a*..
8
r
-
MARKET AND SAUK.
The total sales o f c o t to n on th e spot a n d for fu tu r e d e liv e ry
ea ch d a y d u rin g the w eek are in d ica te d in th e fo llo w in g
sta tem en t,. For th e c o n v e n ie n ce o f th e rea d er w e also a dd
a co lu m n w h ich sh o w s a t a g la n c e h o w the m a rk et closed
on sam e days.
j SPOT MARKET
Chfimim,
M&nti&f, Quiet a s t .
Tmmt&f "HmmXj........ ...
.:
at
ml
F r t e y .. sQntim............ .
Total.................... ..........
BATES OF APOT AK£» CONTRACT.
Rx- j Con- ] Bmr- (Jon, p o rt ’ mimp., uFPn* traet.
358.
10.7
560
965
221
.... 1,225
; mm
200
385;
100
500
;
800.
1,205 3,034 \\---- ^ 1,400
g2|| I S i l m l
II»!
w
*
%
; Eg-**, f i
| i
i si •<
>-*
1I f f
lllf
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W
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9
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T h e S a i .es a n d P r ic e s o f F u t u r e s a t N ew
show n In th e f o llo w in g c o m p re h e n s iv e ta b le.
t w off.
-v off
lo w Middling---------- - % off. Low M iddling Stained... I t , off.
Strict Wood O rd in a r y ,.,.. itjgO C f
On th is basis th e p rice s fo r a fe w o f th e gra d es w ou ld b e:
Balm of
„ . , j Futures.
TnM-
197
35
3 * | to I%
1«; F l m r
2 ii j
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1 1i
I
•tmstadoa sales in September, for Sooteralmr, 15,100: September,
October, for Oeiotier, 384,300: September November, for November 372.000: Septemlier-Deofimber, for December, 2.290,000: September,
.1nonary, for Ja n u a ry, 7,114,100; Saptem bor-Fehm ary, for February
*48.900; September March, for March, « . 289,20b; September-A p m ,
for A pril, 343.300; September-May, for May, 4,913,000; Sejitem berJtino, for June, 799,900.
r
t W F or e x ch a n g e s see p a ge 199,
T h e V is ib l e S u p p l y o f C o t t o n to -n ig h t, as m ad e up b y
43,2001 ca b le a nd teleg ra p h is as fo llo w s . T he C on tin en ta l stock s,
358
51,800 well as as those fo r G rea t B rita in a n d th e a floa t are th is
060
1,280 108,800 w eek's return s and c o n se q u e n tly all th e E uropean figures
83,400
1,723
305 ! 61,800 are b rou g h t d o w n t o T h u rsd a y e v e n in g . B ut t o m ake th e
52,000 totals th e co m p le te figures fo r to -n ig h t (Ju ly 30 1, w e a dd the
1,365
item o f ex p o rts from th e U n ited States, in clu d in g in it th e
399,600
5.899
ex p orts o f F rid a y o n ly :
THE
198
C H R O N IC L E
1896.
1895.
1891
1897.
614.000 1,406,000 1,205,000
Stock at Liverpool.b ales. 721,000
11,000
10,000
17,000
6,000
Stook at London............ . .......
Total Great Britain stock. 727,000 655.000 1,416,000 1,222,000
35.000
29.000
30.000
Bto ok at Hamburg..................
23,000
Btook at Bremen..................... 120,000 147.000 216,000 131.000
13.000
15.000
7.000
Stook at Amsterdam..............
2,000
200
200
200
Stock at Rotterdam...............
200
13.000
11.000
11.000
Stock at Antwerp................ .
11,000
368.000
403,000
189.000
Stook at Havre............... ........ 139,000
7,000
4,000
6.000
5,000
Stock at Marseilles.................
77.000
79.000
74.000
Stock at Barcelona.................
70,000
16.000
53.000
50.000
Stock at Genoa..... ..................
35,000
36,000
38.000
39.000
Stook at Trieste___.................
19,000
Total Continental stooks.. 424,200 553,200 873,200 696,200
Total European stooks.... 1,151,200 1,208,200 2,294,200 1>618,200
53.000
56.000
36.000
38.000
India cotton atloat for Europe
45.000
26.000
64.000
35.000
Amer.cotton afloat lor Europe
17.000
10,000
7,000
15.000
Egypt,Brazil,&c.,aflt.for E’pe
Stook in United States ports . 106,638 165,504 339,474 228,333
62,859
47,202
78,164
26,743
Stock In U. 8. Interior towns..
563
3,900
2,006
6,739
United States exports to-day.____________________________________
iv,
Total visible sunply......... 1,376,587 1,565,607 2,776,776 2,324,955
Of the above, totals or Amerloan and other descriptions are as follon s:
American—
Liverpool stook.............bales. 604,000 503.000 1,270,000 1,008,000
Continental stooks.................. 336,000 421.000 775,000 519,000
45,000
84,000
26,000
-------American afloat for Europe..
35,000
United States stook................ 106,638 165,504 339,474 228,333
62,859
78,164
47,202
United States interior stocks.
28,743
563
6,739
3.900
United StateB exports to-day.
2,006
Total American................ 1,112,337 1,233,407 2,461,576 1,863,755
East Indian, Brazil, <te.—
Liverpool stook...................... 117,000 141,000 136,000 197,000
6,000
11,000
10,000
17,000
London stook...........................
Continental stocks.................
88,200 132,200 103,200 177,200
India afloat for Europe..........
38,000
36,000
56,000
53,000
Egypt, Brazil, Ac., afloat.......
15,000
7,000
10,000
17,000
Total East India, A c........ 264.200 327,200 315,200 461,200
Total American................ 1,112,337 1,238,407 2,461,576 1,863,755
Total visible supply........ 1,376,587 1,565,607 2,776,776 2,324,955
Middling Upland, Liverpool..
493sd ' 32»3vd. ’ 32332d. ' 3i3j«d.
Middling Upland, New York.
8e=
77j60.
7180.
67eo.
Egypt GooaBrown, Liverpool
5Sj6d.
6oisd,
613jfld.
4i3jgd,
Peruv.Rough Good, Liverpool
63led.
6isd.
59,6d.
5U, 6d.
Broacb Fine, Liverpool..........
47-wd.
3=8(1. 33S32d,
315,<d.
Ttnnevelly Good, Liverpool..
413,8d.
35sd.
39u d.
3 “^ .
t W The imports into Continental ports the past week have
been 29,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 189,020 bales as compared with the same date
of 1896, a falling ofi of 1,400,139 bales from the corresponding
date of 1895 and a decrease of 918,368 bales from 1894.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1895-96—is set out in detail below.
►
8 i-3 m o
H a Qm
- K -W
s g
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h; z
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o
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tv <J©C>© If*h- • *-*W©O'rJ©©^C0C»00i--C0'a05Q0* O) co coco
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p M^ 0 ® Oi 03a © m a o» a oo© m S ©
tO©tN/tO©*OOOOCOCP©-OCOCO<3©tf^O>OItOCiOOOOO>i^COMi^OicO^J
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if* to
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M
id d l in g
July 30. "
Galveston..
NewOrleans
M obile........
Savannah. .
Charleston..
Wilmington.
Norfolk.......
Boston........
Baltimore...
Philadelphia
Augusta......
Memphis__
St. Louis___
Houston___
Cincinnati..
Louisville...
Satur.
75s
7-\
77s
7=6
7%
8
3is
7 loie
8*4
83ie
8
713,6
7!3 ig
7=8
816
8
Mon.
7=8
7%
7=8
7°s
7%
8is
8=6
71oi 6
8H
83,6
3
713,8
71=16
7=8
81s
8
1 Ov e r l a n d Mo vem en t
52
I s !
a S-3
mjo^ to
co
h*
© COtOH© It*MCO to OlV © to <1fcoio if*05MN)
©O', ►
“'©QOh-‘ C©if».M<J05tO—'ti*©—
qtOOOOiO'CO©
COtO. CO©C5*->©©©CO-‘ -OHtOC©>U©OCO'03©©0
The above totals show that the interior stocks have decreased
during the week 3,026 bales and are now 49,421 bales less
than at same period last year. The receipts at all the towns
have been 1,133 bales less than same week last year and since
8epf.l they are 822,677 bales more than for same time in 1895-6.
Cotton
at
O t h e r M a r k e t s ,-
Tiles.
Wednes.
Thurs.
Fri.
7=8
7%
7 7s
7=8
7%
8=8
8%
71=16
8=4
83,0
8
71316
713,8
7=8
8%
8*4
7=8
7=4
778
7=8
734
8is
8is
7i iis
8>4
83,o
8
-7.3,0
713,6
7=8
8J0
7=8
7%
778
7=8
7%
8
8i«
715le
814
8I4
8
713,6
713,8
7=8
8%
8>4
7=8
73,
T>s
7%
73t
8
8*6
8
8*4
8M
s
713,8
713,6
' 7=8
8=6
84
for th e
W
eek and
S in c e S e p t . 1.—
1896-97.
July 30.
Shipped—
Via St. Louis..............
Via Cairo....................
Via Parker................
Via Evansville...........
Via Louisville............
Via Cincinnati...........
Via other routes, &c.
Week.
1,103
497
117
66
110
78
Since
Sept. 1.
558,434
273,209
22,872
2,653
136,763
150,431
117,212
1895-96.
,
Week.
1,260
132
79
226
137
Since
Sept' i.
552,071
241,950
19,791
1,681
138,300
120,954
92,424
1,971 1,261,654
1,834 1,170,171
1,559
6
6,397
322,366
4,722
61,495
295
131
1,018
273,989
4,607
56,584
7,962
388,583
1,464
335,180
Leaving total net overland*
15,991 873,071
* Tnolnding movement by rail to Canada,
t Deductions greater than overland.
370
834,991
Total gross overland...............
Deduct shipments—
Overland to N. Y., boston, &o..
Between Interior towns.............
Inland, &o., from South.............
Total to be deducted............
The foregoing shows that the week’s net overland movement
this year has been ----- bales, against 370 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 38,080 bales.
In Sight and Spinners’
Takings,
1896-97.
Week.
Since
Sept. 1.
1895-96.
Week.
Since
Sept. 1.
3,207 6,676,486
5,539 5,210,938
Receipts at ports to July 30------370 834,991
Net overland to July 30................ £5,991 873,071
Southern consumption to July 30 15,000 897,000 13,000 868,000
Came into sight during week.
Total in sight July 3 0 .......... .
?§z
g,
o£
B-
- § § = = 2 = = g | g = = = = = =§
S H .............g g a -.
... F p
gj: ; . : ; ; 3 * . . : ; : : ; » ;
tP*! tO*-" to K5M
o»; to tea: cc-.o-'CC'!
to
CO• OOOJO- OtetOCO^. OOfOCC
for
CLOSING QUOTATIONS FO R MIDDLING COTTON ON—
Tota m arketed_____
Interior stocks in excess.
2-oa
§- g E e g s I r s I s g S g i s 'i S l
Q. V-
Qu o t a t io n s
|vol . LAV
12,216 8,446,557 18,909 6,913,929
‘ 3,026 191,851 *4,816
45,464
9,190
8,354,706
14,093
6,959,393
3,953 1,600,904
26 1.737.99S
North’n spinners tak’gs to July 30
" Decrease during week.
t Less than Sept. 1.
t Deductions greater than overland.
W e a t h e r R e p o r ts b y T e l e g r a p h . — Our telegraphic ad
vices from the South this evening denote that the weather
has in the main been favorable during the week. Ia Texas
where rain has fallen it lias as a rule been beneficial, but in
many locali ies rain is said to be needed. From ether por
tions of the cotton belt our reports are generally quite satis
factory, although at a few points moisture would do good.
Picking is becoming more general in Texas.
Galveston, Texas.—The showers of the past week have been
benefioial to cotton, but the crop is still needing more rain in
many localities. The plant is shedding in places. Hot
weather is causing rapid opening and some of it is said to be
premature. Worms are doing slight damage in a few sec
tions. Picking is progressing. The week’s rainfall has been
seventy-one hundredths of an inch, on two days. The ther
mometer has averaged 81, the highest being 92 and the lowest
70.
Palestine, Texas.—Cotton is beginning to shed bolls. It
has rained on two days of the week, the precipitation reach
ing eighty six hundredths of an iach. Tne thermometer has
averaged 87, and ranged from 72 to 102.
Huntsville, Texas.—There has been only a trace of rain the
past week. The thermometer has ranged from 70 to 102„
averaging 86.
Dallas, Texas.—Cotton on high lands is suffering for moist
ure, but looks well on low-lands. There has been rain on one
day of the week, the rainfall being fifteen hundredths of an
inch. Average thermometer 88, highest 105, lowest 72.
San Antonio, Texas.—Cotton is being injured by continued
dry weather. The week’s rainfall has been twenty-six hun
dredths of an inch, on two days. The thermometer has aver
aged 85, the highest being 100 and the lowest 70.
Luting, Texas.—There has been rain on one day during the
week, the precipitation reaching forty-six hundredths of an
inch. The thermometer has averaged 88, ranging from 73
to 103.
Columbia, Texas.—Continued dry weather has damaged
colt m. There has been only a trace of raiu during the week.
The thermometer has raDged from 71 t)9 7 , averaging 84.
Cuero, Texas.—Cotton prospects are rather poor except on
lowlands. The weather has been dry all the week. Avfrage
thermometer 86, highest 101 and lowest 71.
Brenham, Texas.—We have had beneficial rain on one day
THE
Jm /r 31,1887.]
C H R O N IC L E .
d u rin g the w eek, the rainfall feting tw o inches and thirty
hundredths. The th erm om eter has averaged S3, the b ig h ts t
bein g If 3 a nd the low est 74,
H o u sto n , fleam*-—B a in has fallen on one d a y o f the w eek,
to the e.’ t nt o f fo rty h undredths o f an in ch . The th e rm o m
eter has averaged 86, ran ging fr o m 74 to 98.
F o rt W o rth , T exa s.—I - has rained on one day o f the w eek,
the rain faii being thirteen hundredths o f an in ch . T he th er
m om eter has ranged from 71 to 103, a vera gin g 88.
W ea th erford , Texas*— There has been rain on on e day du r
in g the w eek to the t x e n t o f tw elv e hun dredth o f an inch.
A v e ra g e th erm om eter 88, highest 106 and low est 70,
New O rleans, L ou isia n a .— The w eek’s rainfall has been ten
hun dredths o f an inch on three days. T he th erm om eter has
averaged 85.
S h reveport, L ou isia n a . —It has rained on on e d a y du rin g
the w eek to the exten t o f eleven hun dredths o f an in ch . The
ther m om e 'e r has averaged 8 ", ra n gin g from 78 to 101,
Colum bus, M ississippi.—C ro p prospects are very fl itterin g.
There has been n o rain du rin g the week. The th erm om eter
has ran ged from 66 to 168. avera gin g 87.
Leland, M ississippi,— The re has been rain d u rin g the w eek
to the extent o f tw e n ty -o n e hundredths o f an in ch . A vera ge
th erm om eter 80-8, blithest 93 and low est 63.
V icksburg, M ississippi.— Telegram n o t received.
H elena, A rk an sas.— C otton looks line, but is to o rank.
There has been rain o n on e d a y o f th e par t w eek, the ra in fa ll
being but on e hundredth o f ah inch. T h e th erm om eter has
ranged from 95 to 82, aversgir g 70.
L ittle Mock, A rk a n sa s.— D ry w eath er has prevailed all the
w eek . The th erm om eter has averaged 85, ra n gin g from 70
to 100.
M em phis, T ennessee.— A fe w sections com p la in o f la ck o f
m oisture, b u t generally t he cro p is d o in g w ell. The first open
b oll was receiv ed on W ed n esday fr o m W ash ington C ou n ty,
Miss , eigh teen days later than last y ea r, but tw o day* ahead
o f the average date. W e had rain on M onday last to the e x
tent o f fo rty -tw o hundredths o f an in ch . A v e ra g e th erm om
eter 83 8 highest SM'6 and low est 71 -2.
Nashville, Tennessee.— 'The w eek's rainfall has 1mm on ? tech
and tw en ty -eigh t h undredth*. The th erm om eter has aver
aged 80, the highest being 95 and the low est 65
M obile, A la b a m a .— Crop prospects fr o m m ost sections are
v ery g ood . It has rained here on three da ys o f the w eek , the
rainfall reach ing tw o inches and s ev en ty -tw o hundredths.
T h e th erm om eter ha* averaged 73 and ran ged from 71 to 06.
M ontgom ery, A la ba m a .— W e have had rain on tw o day - o f
the w eek , th<* prrcipitation r» a ch in g five h un dredths o f an
in ch . The th erm om eter h as ranged fr o m 75 to 93. a vera g
in g 83.
Selm a, A la ba m a.— Rust is spread ing som e, oth erw ise the
c r o p con d i ion w ould be perteef, T h ere has been lig i t rain
on o n e day d u rin g the w eek. A verage th erm om eter Si, h ig h
e s t 96 an d low , at 83.
Savann ah , G eo rg ia .— W e h ave had rain on fo u r d a ys o f the
we< k , the rainfall reach ing on e inch a n d » l » t f - t w o hund
redths. T h e th erm om eter has ranged from 78 to 99, a v er
a gin g 84.
A u gu sta , G eorgia ,— W e have had ante- a trace o f rain the
past w eek . A v e ra g e th erm om eter 83, highest 96 and lo w
est 70.
M adison. F lorid a — The plant to d oin g w ell. W e have had
rain on tw o days o f ihe past w eek, th« rain fa ll tea ch in g one
it c h and sev. m y hur.drt dths. T he th erm om eter has a ver
a ged 88, the htaliest being 98 and the low est 74,
Charleston, South C arolin a .— W e have had rain on three
days o f the w eek , the p n c ip lt s u o n rea ch in g fo u r Inches and
eig h ty tig h t hundredths. T he th erm om eter has averaged 83,
ra n gin g from 74 t o 93.
S tatebu rg, South C a rolin a .—C rop* are prog re sing w ell. It
has rained on n* o days o f the wet k , th e pr*eiptteutofi being
seven ty seven 1 undredths o f an inch. The th erm om eter has
ranged from 71 to SO. avera gin g 81.
Greenwood, South Carolina.—Th* re has been rain on three
da ys o f the »•—k. the n inteill te a ch in g e ig h ty -o n e h undredths
o f an in ch . & m rage ib -rm ora eter 82, highest 93, a o d low est
W ilson , N orth C a rolin a ,— ’ ’ elegram n o t received.
The fo llo w in g s ta te m e n t w e h av e also receiv ed b y telegraph ,
s h o w in g the h e ig h t o f th e rivers a t th e p oin t* n am ed at
8 o ’c lo c k J u ly 29, 1897, and July 80, 1896.
J u ly 29, >97. Ju ly 30, '96.
H e w Ortfian*.................Above sera of gauge.
Ham p h is ........................ Above zero of gauge.
SaahvilSe....................... Above xero of gauge.;
S h re ve p o rt................... A bove *ero of gauge.
Vleksbarz.......... . — . .Above zero a t gauge
*'Below
mia of gauge.
i
Feel.
1-5
11 8
15*8
51
15-0
Feel
59
24 2
15 9
*1-0
25-9
E xoha.sag*.— Th- following e x c h a n g e * h a v e been
d u rin g th e w eek;
U6 pd. to catch. to o Oct. for Web.
•19 pd, to r ic h , 500 Oct. for Sept,
>13 p<i. to exeti. 400 O t . for Bent.
■02 tel. boexch. 5.700 J*n. for Oct.
•38 pd, to exch. 2 0 0 Oof, for Aug.
*18 pd. u> exrb. 1,200 8 ept,for Aug,
>15 pd, to exvfc. 300 Nov. ta t A pr.
•01 pit. to n e r,. 4 on J i n to r O ff.
■07 pd. to #xeh, ii.Ofw* Jim , ter Mi-ti.
-ITpil, to e veto 3.300 9*p. for An*.
3 6 Pd. to exob. 2,900 0ep, for Awe.
Ever.- 1 0 0 i n n , f o r Q e t.
•OJ'pd. so exob. IOO Dec. ta r Ja n .
*03 p<l. to exob. 500 Aug. for July.
m at e
•40 pd. to exob. 100 Nov. for A»e.
*30 (.111, to e ich . SOOflept. for Aug,
06 pvj. {« exeh. ” 0 0 Oct for Mch•5o p<!» to etch, I -000 Jan. for .tug.
•CO pd. toexeb . 400 Nov. for Jan.
•56 p>l. to exeh. 30t> Nov for Ane.
•80 pd, tooxch. 2.200 Oct. for Aug.
•29 pd. to exnh, 100 s«pt. for Aug.
•19 pit. to exob. X00 Oct. for Aug.
01 pd. to Hi till. 700 Jan. for Oct.
3 0 (111. to exeh. 200 Neot. for Aog.
19 pd. to exch. 100 Oct. for Sep t,
•00 pd. to exob. 2.000 Hov. to r Jan.
199
in p ia C otto n M o v e m e n t F ro m a l e P o r t s .— T h e r e c e ip ts
a n d s h ip m e n ts o f c o t t o n a t B o m b a y h a v e be en as f o llo w s f o r
th e w e e k a n d y e a r , b r i n g i n g th e fig u re s d o w n to J u l y 29.
BOMBAY" RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipm ents th is week.
Sh ip m en ts since Sept. 1.
Tear G reat C o n ti
G reat
OofitiT o tal.
R riP n , n en t. Total. B r it a in
nent.
•90-7
'95-6
■94-5
•93-4
2,000
1,000
4.000
8.000
2.000
1,000
4.000
3.000
32.000
71.000
26.000
47.000
557.000
715.000
517.000
*27,000
C o n ti
nent.
Calcutta—
1896-97...
1808-96...
Madras—
1*96-97...
1*95-96...
All others—
1896-97...
1895-96...
Total a U 1898-97..
1895-90.-
......
14.000
8,000
11.000
8,000
Total.
C reat
B r it a in .
C ontinent.
T o tal.
5,000
......
5,000
7,000
11,000
69,000
83,000
76,000
99,000
____ _
......
......
......
........
8,000
10,000
16,000
9,000
24,000
19,000
i.b o o
6,000
5,000
6,000
6,000
28,000
20,000
llS.OOO
97,000
146.000
117.000
6,000
0,000
43,000
203,000
1,000 10.000 11,000
41,000
191,000
EXPORTS TO EUROPE PROM Al INDIA.
246,000
235,000
1890-97,
Shipments
to a l l Murope
fro m —
1895-96
T his 1 Noire
week. ! Se.pt. 1.
T h is
week.
1894-95.
Mm.
T his
week.
Sept. 1.
736.000
235.000
4,000
14,000
543.000
177.000
8.0001 835,000 12,000 1,021,000, 18,000
AI.KXAXmtl* HgCXIPTN AND SHIPMENTS,
720,000
Bota&ay. . . . . .
All other port*
Total
589.000
78C.OOO
543.000
874.000
S in ce
Sept. 1.
1.585.000
2.115.000
1.501.000
1.762.000
Shipm en ts sin ce Sept, 1.
Shipm en ts fo r the week.
Breed
B r it a in .
R eceipts,
T h is
Week,
2,000
0,000
589,000
240,000
Alexandria, Bgypt,
Ju ly 23.
Sept, i
1.000
11,000
1896-97,
1895-96.
4,006
5,790.000
........
5,205,000
8»0<Upt* , cantata*!....
rhte Week___
9Ince8ept. 1.............
Nines
1894-95.
j
| T h is
S i net
T h is \ Sin ce
week. Sept. 1. ; week \Sepl. 1,
4,53S>VoO
T his
(Since
week. Sept, 1,
Export* (bale*)—
To Liverpool.. ...
To Continent!.......
1.000 329.000
3.000 358.000
2.000 334,000
1,000 330,000
278.000
1,000 344.000
Total Europe
4.000 717.000
3,000; 604,000
1,000 017,000
i Of which to imarloa In 1396417,30,589 bale*; In 1895-90,53,615
bate*; la 1894-95. 43,310 bate*.
M a n c h e s te r M utK srr.—O u r rep ort re ce iv e d b y c a b le
r o -night from M an chester sta te* th a t th e m arket is s te a d y
fo r b oth yarns and shirtings. T he d em a n d fo r both In dia
and China is g o o d . W e g iv e th e prices fo r to -d a y b e lo w and
leave these te r previou s w eek s o f this and la st y ea r fo r
com p a rison .
1897.
32* Cap
Twist.
4.
JV 23 6N*
July 2 6s*
“ 9 6%
“ 18 6 H_
" 23104,*
“ 30l67i*
1896.
81* lbs. S h irl V a im
lug*, com m on' M id .
to.fin est.
A. •. d.
*.
»7** 4 IJgSO
07 Si
07%
4 I i-j*.!
4 1*3*6
OTA.
. . _4 2
#77,, 4
arr , n 4
90
•6
Cap.
T w ist,
lip id s
d.
4%
ih ijk ,
common Mid.
to fin e st.
Vpids
<1.
d.
6=>i *»7H,
7ia: 47,9 t » 18*7to
7«S 47-12 ’c-s,,#7to
OolPn
|Sh lbs. Shirt-
4
:4
d. a. d.
4 A6 Si*
4
4
All 8>s
« 6 8>a
7 H ‘ I'Mis '5<
« 44 3 « 6 7
- jii
. ..» 0 -, si1*
7*3; 4H ai!*>»0teifl4 3 * 6 7
4 3*396 8
a.
3 »3S
4
337, a
1*5*»
329m
S e a I s l a n d C o t t o n M o v e m e n t . — - W e h a v e re c e iv e d th is
F r id a y ! e v e n in g b y te le g ra p h f r o m th e v a r io u s p o rta th e
de ta ils o f th e Sea Is la n d c o t to n m o v e m e n t f o r th e w e e k . T h e
receipts fo r th e w e e k e n d in g t o -n ig h t ( J u l y 30} a n d s in ce
S ept. 1 ,189 6, th e s to ck * t o -n ig b t , a n d th e s a m e ite m s fo r th e
c o rre s p o n d in g p e rio d s o f 1895-96, a r e as fo llo w s .
1896-97.
Receipts to Jitty 30.
Savannah ..........................
Charlceten, A c ..................
Florida. Ac.......................
To * * * '--.......................
1895-90.
This Since This Since
week. Sept. 1. week. Sept. 1.
21
....
83,901
10,397
0,733
21 T o T.031
Stock.
1897,
1880,
77,193
10,556
4,783
0,891
858
146
2,265
549
395
3 92,532
7,895
3,239
3
The ex p orts fo r the w eek e n d in g th is e v e n in g reach a t o t a l
id 29 bales, o f w h ich 29 bales w ere to G reat B ritain, —
to France and — to R eval, a n d th e a m o u n t fo rw a rd e d
a Northern m ills has been .315 bales. B e lo w are th e exp orts
fo r the w eek and s in c e S ep tem b er 1 in 1896-97 and 1895-96.
Week SndingJuly30. Since Sept. 1, 1896. North’n Mil s.
Reports
from— Great Fr'nm Total. Orcat Fr'nce Total. Week. Since
SeplA.
Brii'n. dtc.
Brii'n Ac.
15,028
2,933
3,176 18,204
2,933
S69 li',703
13,840
3,827
7,305 1£M33
13.S40
102 3,929
247 29,380
98 2,256
0,733
8'vanu'h. Ae
fiharl't'n.Ao
Florida, Ac.
New Y o rk ..
B oston........
Phila,, A n...
m
T o ta l........
29
29 47,396 10,043 58,039
345 33,309
Total 1895-6
90
9O:-12,350
7,242 49,598
40,080
*»■***■#- "
200
THE
C H R O N IC L E
fV oL. L X Y .
W e l l -P r e se r v e d C otton o f 1859.—We have received
this week from Messrs. Henry Hentz & Co. of this city a
sample of cotton which from its appearance could easily be
taken for cotton of recent growth, but which proves to have
been taken from a bale of 1859 growth. In a nots accom
panying the sample Messrs. Heinz & Co. say : “ Mr. Andrew
Fleming of Natchez, Miss., has recently sen us a sample of a
bale of cotton that was grown in 1859. The Classification
Committee of the New York Cotton Exchange class it good
middling and good body and staple. It possesses just as good
working qualifications as if grown last year, and it shows
that cotton properly taken care of does not deteriorate in
quality in 38 years at least.”
t ir e l y f a v o r a b l e in n e a r l y a ll s e c t io n s f o r r a p i d a d v a n c e m e n t i n a l l
c r o p g r o w t h . R a in s h a v e b e e n q u i t e g e n e r a l o v e r t h e e n t i r e S a t e ,
a n d h a v e b e e n h e a v y t o e x c e s s i v e iu p o r t io n s o f t h e n o r t h e a s t e r n
s e c t io n , w h e r e c r o p s a r c b e g i n n i n g t o g e t iu t h e g r a s s , b u t n o s e r io u s
t r o u b l e U a u t i c io a t e d . C o t t o n h a s c o n t in u e d t o i m p r o v e d u r i n g th e
w e e k a n d Is n o w in a b o v e a n a v e r a g e c o n d t iio n . A l l r e p o r t s w it h f e w
e x c e p t i o n s s t a t e t h a t it is g r o w i n g r a p id ly , f r u i t i n g h e a v i l y f r o m t o p
t o b o t t o m a n d e n t i r e l y f r e e f r o m io s e c t s .
L io e , r u s t a n d s h e d d i a g a r e
c o n f in e d t o s m a ll a r e a s in w id e l y s c a t t e r e d s e c t io n s , a n d a t p r e s e n t
t h e r e is n o p r o s p e c t , o f t h e ir b e c o m in g g e n e r a l.
B o lls a r e w e ll f o r m e d
a n d b e g i n u i n g t o o p e n in f a v o r e d l o c a itie s .
M i s s i s s i p p i — D u r in g t h e w e « k t h e t e m p e r t t u r e a n d n i n f a l l w e r e
a b o ' e t h e n o r m a l o v e r a ' a r g e a r e i, a n d c r o p c o n d i t i o n s w e r e g e o e r - .
a l ly i m p r o v e d t h e r e b y . C o t t o n is o p e n i n g a n d p ic k i g w ill s o o n b e
gin in s o m e s e c t io n s . T h e c r o p o n lu n d s r m e n t ly o v e r f l » v e l is d o i n g
w e ll , b u t a n e a r l y f r o s t w o u ld m a t e r i i i l y a ff <r t h e y i e ld a s th e m a
t u r it y o f t h e c r o p w ill b e la t e .
S o m e c o m p l a i n t is m a d e o f d a m a g e to
c o t t o n b y b o l l- w o r m s .
L o u i s i a n a .— Or o p r e p o r t s f r o m t h e s e c t io n s v i s it e d b y r a in s a r e
g e n e r a lly o f a m o s t f iv o r a b le ch a r a c te r , c o t t o n b e in g fa v o r a b v r e
p o r t e d ; b u t in th e d r y s e c t io n s in n o r t h e r n a n d w e s t e r n p a r is h e s t h e r e
is c o m p la in t o f t h e d r o u t n y c o n d i t i o n s a n d o f c i t r o n c o n t i n u i n g s m a l l
J u t e B u t t s . B a g g in g , & C.— Bagging has been in good de a n d la te . T h e re a r e s o m e r e p o r t s o f o o t t o u s h e d d in g , a n d s o m e r u s t ,
m and during the week under review, nut prices are as last b u t as a g e n e r a l t h in g c o t t o n is in g o o d c o n d i t io n , c o n t i n u i n g t o f r u it
e ll , a n d s o m e o p e n b o l ls a r e r e p o r t e d
P a rc o f th e o i t t o n c r o n c o n
quoted, viz.: 5 >£c for
lbs., 5 ^ c. for 2 lbs. and 6 %c. for w
t in u e s r a t h e r l a t e a n d s m a l l. T h e c r o p o n l a n d s t h a t w e r e o v e r f l o w e d
standard grades. Car-load lots of standard brands are quoted is iu b lo o m .
T e x a s . —T h Q l i g h t s h o w e r s w h e r e t h e y o c c u r r e d w e r e v e r y b e n e f i c i a l
at 5 }£c for \% lbs., 5^ c. for 2 lbs and 6 ^ 0 . for 2 ^ lbs.
t ill s u f fe r in g f o r r a in . Tt a p p e a r s
f. o. b. at New York. Ths market fbr jute butts has bien tt ho acto tct oo tnt,o bnu to nt h eu pb ulalnk do fhtahse bc re oe pn isd as m
a g e d iu m o s t s e c t i o n s b y t h e
quiet, with little or no business in orogress, at lc nominal d r o u g h t , a n d i t is c la im e d t h a t t h e c r o p is m a t e r ia l l y in ju r e d o v e r
on the spot for pap r quality and -97V£o. to arrive and l?^c. s o u t h w e s t T e x a s , w h e r e t h e r e h a s n o t b e e n e v e i a l ig h t s h o w e r o f ra tu
f o r m o r e th a n t w o w e e k s . T h e p la n t is s h e d d i n g l e a v e s a n d f o r m s v e r y
for bagging to arrive.
b a d ly , a n d m a n v r e p o r t y o u n g b o l ls d r o p p i n g o f f a s a r e s u lt o f t h e d r y
G o v e r n m e n t W e e k l y C o tto n R e p o r t . —Mr. W. L. Moore, a n d h o t w e a t h e r . S o m e r e r o r t t h a t t h e c r o p is s ta n r li ag t h e d r o u g h t
w e ll a n d t h e l ig h t s h o w e r s h a v e k e p t t h e p l a n t f r u it n g n i c e l y , w h ile
Chief of the Weather Bureau of the Agricultural D apartment, o t h e r s r e p o r t t h a t t h e p l a n t h a s s t o p p e d g r o w i n g a n d c o m m e n c e d
b l o o m in g a t t h e t o p . S o m e r e p o r t w o r m s , a n d s t a t e t h a t i t is h a rrie r
made public on Tuesday the following telegraphic reporis on t o r id t h e c r o p o f t h e m t h a n u s u a l. T h e h o t a o d d r y w e a t h e r is o a u s i n g
the crop in the Southern States for the week ending July 26 : c o t t o n to o «en r a p i d l y , a n d s o m e p r e m a t u r e o p e n i n g is r e p o r t e d f r o m
S o u t h w e s t T e x a s . P ic k in g is p r o g r e s s in g s l o w l y , bur. i t is b e l ie v e d t h a t
V i r g i n i a . — A c o n t in u a t io n o f f a v o r a b l e c o n d i t i o n s o f t e m p e r a t u r e , it w ill b e g e n e r a l s o o n
A g o o d r a in th rou g h ou t, th e S ta te w o u ld b e
r a i n fa ll a n d s u n s h in e h a s b e e n e x c e e d i n g l y b e n e f ic ia l t o c r o p s a ll o v e r b e n e f ic ia l t o t h e c o t t o n e n p a n d i m p r o v e p o s p e o t s c o n s i d e r a b l y .
t h e S ta te ; c o t t o n la t e , b u t i m p r o v e d .
A r k a n s a s . - T h o u g h t h e r a in s h a v e b e e n q u i t e g e n e r a l , y e t t h e r e a r e
N o r t h C a r o l i n a .— F r e q u e n t s h o w e r s , t h o r o u g h l y s o a k iD g g r o u n d
q u it e a n u m b e r o f l o c a li t ie s w h e r e t h e s h o w e r s h a v e b e e n s o l i g h t a s
e v e r y w h e r e ; h e a v y r a in s w a s h e d la u d s , f lo o d e d lo w l a n d c r o p s ; c r o p s
t o d o l it t le , i f a n y , g o o d , a n d d r o u g h t c o n d i t i o n s s t il l p r e v a i l
C otton
m a k in g e x c e l l e n t p r o g r e s s ; c o t t o n g r o w i n g s p l e n d i d l y a n d h o l d i n g
is g e n e r a l l y i m p r o v e d ; th e p l a n t is s m a ll, b u t i t is g r o w i n g a n d f r u it
f r u i t w e ll , s o m e f ie ld s g r a s s y .
in g w e ll, a n d t h e r e is b u t l it t l e c o m p l a i n t o f s h e d d in g . S h a r p s h o o t e r s
S o u t h C a r o l i n a .— F a v o r a b l e g r o w i n g w e e k , e x c e p t e x c e s s iv e r a in s
are r e p o r t e d in J e f fe r s o n C o u n t y , t h e y b e i n g t h e o n l y c o t t o n p e s t s
i p p la c e s ; c o t t o n g r o w i n g r a p i d l y , f r u it i n g w e ll , b u t s o m e c o m p la in t s
re p o rte d .
o f r u s t , l ic e a n d s h e d d in g .
T e n n e s s e e .— T h e w e e k w a s c h a r a c t e r i z e d b y c o p i o u s r a in s o v e r t li s
G e o r g i a .— G o o d r a in s g e n e r a l d u r i n g w e e k a n d c r o p s a r e m u c h i m e a s t e r n c o u n t i e s , s e a s o n a b le r a i n s o v e r t h e m id d le c o u n t i e s a n d lig h u
p r o v e d ; c o t t o n b e i n g l a i d b y a n d is f r u i t i n g w e ll , b u t s o m e c o m p la in t a n d s c a t t e r e d s h o w e r s o v e r t h e w e s t e r n c o u n t i e s
In th e so u th e r n
o f r u s t.
t ie r o f W e s te rn c o u n t i e s d r o u g h t c o n d i t i o n s m a y b e s a id t o p r e v a i l
F l o r i d a .—T e m p e r a t u r e a b o v e n o r m a l, w it h d e f ic i e n t m o is t u r e o v e r
a n d r e p o r t s i n d i c a t e t h a t c r o p s a r e s u f fe r in g f r o m w a n t o f m o i s t u r e .
g r e a t e r p o r t io n o f t h e S ta te ; c o t t o n s h e d d i n g o n h i g h la n d s a n d o p e n C o t t o n , t h o u g h g e n e r a l l y l o w , is r e n o r t e d a s i m p r o v e d b v t h e r e c e n t
in g ; m o d e r a t e a n d c o n t in u e d r a in s n e e d e d .
r a in s a n d i s g r o w i n g a u d f r u i t i n g w e ll. R ^ p »rts r e c e i v e d t h is m o r n
A l a b a m a .— F a v o r a b l e w e e k a n d a ll c r o p s b e n e f it e d ; r a in s e x c e s s iv e
in g (2 7 t h ) i u d ie a t e t h a t m u c h n e e d e d s h o w e r s h a v e f a l l e n iu t h e p a s t
in n o r t h e a s t p o r t io n s ; o o t t o n f r u it i n g h e a v i l y f r o m t o p t o b o t t o m a n d t w e u t y - f o u r h o u r s t h r o u g h o u t th e d r o u g h t s e c t i o n m e n t i o n e d a b o v e .
b e g i n n i n g t o o p e n ; r e p o r t s o f lic e , r u s t a n d s b e d d i o g w i d e l y s c a t t e r e d .
M i s s o u r i .— T h e d r o u g h t i n t h e s o u t h e r n c o u n t i e s w a s b r o k e n b y
M i s s i s s i p p i .— A n o t h e r f a v o r a b l e w e e k f o r a ll c r o p s ; o o t t o n o p e n i n g
g o o d r a in s d a r i n g t h e f o r e p a r t o f t h e w e e k . C o t i o n i n t h e s o u t h e a s t
a n d p i c k i ' g w il l s o o n b e g i n , e x c e p t i n t h e d e lt a , w h e r e th e c r o p is
i s d o i n g f la e ly .
la t e r , o w i n g t o o v e r f lo w .
O k l a h o m a a n d I n d i a n T e r r i t o r y .— Oo t t o a is e v e r y w h e r e r e p o r t e d
L o u i s i a n a .— F r e q u e n t s h o w e r s a n d h o t s u n s h in e o v e r s u g a r a n d r ic e
t o b e iu fin e s h a p e , g r o w i n g r a p i d l y a n d f l l l i o g w it h b o l ls , a n d g i v e s
b e l t f a v o r e d t h o s e c r o n s g r e a t l y , b u t r a in s o v e r n o r t h e r n a n d w e s t e r n
p r o m is e o f la r g e y i e ld . K a ffir , m il o m a iz e , c a s t o r b e a n s , l a t e p o t a t o e s ,
p a r is h e s w e r e l o c a l a n d s c a t t e r e d ; c o t t o n c o n t in u e d f r u it i n g w e ll.
g r a s s , p a s t u r e s a n d f r u i t a r e d o i n g w e ll , a n d t h e g e n e r a l o u t l o o k i s
T e x a s . —H o t , d r y w e e k , f a v o r a b l e f o r c o t t o n p i c k in g o v e r s o u t h e r n
e x c e lle a t .
p o r t io n , w h e r e s e v e r e d r o u g h t is c a u s i n g b o l ls t o o p e n r a o i d ly . s o m e
p r e m a t u r e ly , a n d in m o s t s e c t io n s p l a n t h a s s t o p p e d g r o w in g , is
S h i p p i n g N e w s , —The exports of cotton from the United
b l o o m in g a t t o p a n d s h e d d in g l e a v e s , s q u a r e s a n d s m a ll b o l s, w h it e
States the past week, as per latest mail returns, have reachi d
o v e r n o r t h e r n p o r l i o u t h e c r o p is g r o w i n g a n d f r u it i n g n i c e ly , e x c e p t
5,056 hales. So far as the Southern ports are concerned these
s h e d d i n g i o s c a t t e r e d lo c a li t ie s .
A r k a n s a s .— S h o w e r s h a v e o c c u r r e d i u m o s t p o r t io n s o f t h e S t a t e , are the same exports reported by telegraph and published in
y e t s o m e l o c a li t ie s s t ill s u ffe r f r o m d r o u g h t ; c o t t o n g e n e r a l l y i m p -o v e d ;
With regard to New York we
p la D t. t h o u g h s m a ll, is g r o w i n g a n d f r u it i n g w e ll; “ s h a r p s l o o t e r s ” r e the C h r o n ic l e last Friday.
include the manifests o f all vessels cleared up to Thursday
p o r t e d in b o t t o m la n d s o f J e f fe r s o n C o u n t y .
T e n n e s s e e —T e m p e r a t u r e n o r m a ’ ; r a i n fa ll c o p i o u s in e a s t e r n , g o o d
Total bales.
i n m id d le , a n d l ig h t in w e s t e r n s e c t io n s , e s p e c i a ll y in s o u t h e r n t ie r
New Y o r k — T o Liverpool, per steamer Tauric, 2 ) Sea Island..
29
c o u m i e s ; c o t t o n g e n e r a l l y l o w , b u t is g r o w i n g a n d f r u it i n g w e ll.
.................
642
To Hull, per nteamer Colored >. 6 4 .......
M i s s o u r i — D r o u g h t in s o u t h e r n c o u n t i e s b r o k e n b y g o o d r a in s a n d
Co B poiii n p ^r s t e a m e r
iigi i Luis-s 876...... ......... .....
876
c r o p s g r e a tly im p ro v e d .
To H t nburg, p *r -*t v-tm r P u n a -• ................ . . . .
..
9
O k l a h o m a .— R a i n f a ll a b o v e n o r m a l, v e r y h e a v y in e a s t ; c o t t o n c o n
To Genoa, per steamers 1C i e Wilhelm £( , 540 ..S im la ,
t in u e s m a k in g r a p i d g r o w t h , b o l ls f o r m i n g .
6 0 0 . ........................................................................
.................................
1,140
N e w O r l e a n s —T o L i v e r p o o l , o ^ r v e a m m - A r a b ia n P r i o o e , 27.>
275
The Department summarizes these reports as follows:
C o t t o n h a s g e n e r a l l y m a d e f a v o r a b l e p r o g r e s s , a n d is f r u it i n g w e ll
o v e r th e n o r t h e r n , c e n t r a l a n d e a s t e r n p o r t io n s o f t h e c o t t o n b e lt ,
a lt h o u g h s o m e c o m p la in t s o f r u s t a n d s h e d d in g a r e r e c e iv b d f r o m p o r
t io n s o f t h e e a s t e r n s - c t i o n . I n S o u t h e r n T e x a s d r o u g h t is c a u s i n g
b o l ls t o o p e n r a p id ly , s o m e p r e m a t u r e ly , a n d t h e p l a n t h is s t o p p e d
g r o w i n g ; b u t o v e r N o r t h e r n T e x a s , e x c e p t s o m e s h e d d ia g , th e c r o p is
g r o w i n g a n d f r u it i n g w e ll.
To Breineu, per steamer Australia 341..................................
341
T o A n t w e m . p e r s t e a m e r A r a b i tu P r in c e , i ,3 ?7 . .
..
B a l t i m o r e — To B r e m e n , p e r s t e a m e r C r e f e ld , I O l ....................... .
P h i l a d e l p h i a — To Liverpool, per steamer Waeslanl, 3 > d.......
1 ,3 * 7
101
T o t a l....... m
m. . . . . . . ------------ - .
------------------------ -
3 36-
5.056
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing oar data d<>w<. to
give below sum the latest dates:
maries of the reports for the week ending July 26 issued by New O r l e a n s - To L i v e r p o o l — J u l/ 23 -Steamer M a g ic ia n . 1.229
the vari us States und^r the auspices o f the Weather Bureau
To Barcel na—Juiy 2 6 -Steamer Mar;in Samz, 1 , 1 4 * ___ Fuly27 —
Stea ner B^reiuue El Graude. 90o.
of the United States Department of Agriculture so far as
I
To
Ooruuna—July 2 6 -St amer Mania Saenz 2 »o.
they apply to cotton.
To Fer ol—July 27 steamer Reieoguer el Grande, 2D0.
S t a t e W e e k l y C o tto n R epo r ts .—We
V i r g i n i a .— R e p o r t s f r o m t h e c r o p c o r r e s p o n d e n t s f o r t h e p a s t w e e k
i n d i c a t e t h a t s e a s o n a b le r a in s a n d t e m p e r a t u r e s h a v e c o n t in u e d t o
p r e v a i l , p u s h in g a ll c r o p g r o w t h f o r w a r l r a p i d l y a n d c a u s i n g a v i g
o r o u s a n d p r o m is in g c o n d i t io n in s u c h c r o p s a s w e r e in n e e d o f r a in
C o t t o n is la te , but. im p r o v e d .
N o r t h C a r o l i n a . — T h e w e e k w a s v e ^ v w e t ; th e g r o u n d h a s b e e n
t h o r o u g h l y s o a k e d n e a r l y e v e r y w h e r e . W h ile t h e r a in fa ll in s o m e s e c
t io n s w a s e x c e s s i v e t h e s e a s o u s o n t h e w h o le h a v e b e e n v e r y b e n e
fic ia l a n d c r o p s h a v e m a d e e x e e l le n t p r o g r e s s . C o t t o n is h o ld in g its
f r u it v e r y w e ll. F a ir w e a t h e r , w it h m o r e s u n s h in e , is n o w n e e d e d .
S o u t h C a r o l i n a — N e a r ly a ll c o r r e s p o n d e n t s r e p ort c o t t o n h a v i n g
m a d e r a p id g r o w t h , in p la c e s g r o w i n g t o o m u c h t o w n e d . a n d g e n
e r a lly c o m i o u i n g t o p u t o n f r u i t ; s o m e fie ld s a>e a lr e a d y w e ll e u o u g h
f r u it e d t o m a k e a n a v e r a g e c r o n .
T h e r e a r e . h o w e v e r , l o c a li t ie s
w h e r e , o n a c c o u n t o f e x c e s s i v e r a in s , th e p l a n t h a s d e t e r io r a t e d . E x
c e s s iv e s h e d d i n g o f s q u a r e s a n d b o lls is a s y e t c o n f in e d to E d g e fie ld .
B e r k e l e y , A ik e n . F a il fie ld , F i o r e o o e a n d L e x i n g t o n , a lt h o u g h s o m e
s lie d lin g n o t e d in m a u y o t h r c o u n t i e s . L ic e a r e le s s n u m e r o u s t h a n
la s t w e e k , a ls o f e w e r r e p o 't s o f r u s t a n d h o n e y - d e w w e r e r e c e iv e d . I n
a f e w lim it e d l o c a li t ie s th is c r o p s t a n d s in n e e d o f r a in . L a y in g b y is
l a r g e ly u n d e r w a y a n d fin is h e d w h e r e th e g r o u n d w a s d r y e u o u g h t o
p l o w , t h e f r e q u e n t h e a v y r a in s l u v i n g h in d e r e d a n d d e l a y e d th is
w o r k . R e a - I s l a id c o t t o n c o n t in u e s to t h r iv e .
G e o r g i a . —G o o d r a in s g e n e r a l d u r in g w e e k a n d c r o p s a r e m u c h im
p r o v e d . C o t t o n b e i n g la id b y a n d is f r u it i n g w e ll, b u t 8 m i -3 c o m p la in t
o f r u s t.
F l o r i d a . —T e m p e r a t u r e a b o v e n o r m a l, w it h d e f ic i e n t m o is t u r e o v e r
g r e a t e r p o r t io n o f 8 t a t e . C o t t o n i s s h e d d in g o n h ig h la n d s a n d o p e n
i n g . M o d e r a t e a n d c o n t in u e d r a in s n e e d e d
A l a b a m a . - D u r in g t h e w e e k a w o n d e r f u l i m p r o v e m e n t h a s t a k e n
p l a c e in t h e c o n d i t io n o f a ll c r o p s , a n d f a r m e r s a r e n o w g r e a t l y e n o o u r a g e d a t t h e p r o s p e c t o f f in e y i e ld s . T h e w e a t h e r h a s b e e n e n
io Santaoder- Ju’y 2 i -Steamer Ma U i Saenz o l.
PoG no* July 4 —<tea me.'" Persian Pri ice, i 530.
Boston i o St John N. B -Ju ly 2 7—stea ne St U n i x . 10*.
B altimore—To Bremen—July 2 s - Steamer Muuch n, 7»>3.
P h i l a d e l p h i a —T o Liverpool—July 23—Steamer Rhyulaud, 431.
Ootton freights at N? v York the past wee*
as follows.
tfalur.
LIv e r p o o l , a s k e d . d.
t l a y r e ........ ............
d.
B r e m e n ......... .
H a m b u r g ............ .d.
A m s t e r d a m ......... m
C.
B e v a l, v . H a m b ,d.
Do
v. H u l l . . .d.
Juts.
Wednts
Thuni
ir***:~
Sr-
12t
12t
12I
121
121
12*
2D
21 i
21t
30)
30
2U
2H
2U
2H
21i
2 L•
21t
2424<
241
24'
24t
24I
25'
3v
35t
251
25*
251
36>
36 i
36f
361
36'
361
33t
33i
33t
33
33t
33f
30t
30t
.. . .
22}
22t
221
22t
24t
241
28 3>30t 28ff30t 283)30* 28®30t 28 ®304 28'®30?
*8
*8
*8
*8
*8
*8
5S2
532
532
5SJ
532
“32
R o t t e r d a m ......... d.
G e n o a ................... .d.
T r ie s t e .................. .d.
A n t w e r p ............... .d.
G h e n t , v . A n t w ’ p.rt.
I C e n ts n e t p e r 1 0 0 lb s .
L iv e r p o o l .— B y cable from Liverpool w e have the follow
ing statement of the week’s sales, stocks, &c., at that port.
J uly 8l, 1897.)
THE
CHKON1CLE.
July 9. July 16. July23. July 30.
6:,MO 85,000 00,000 56,000
Sales u tth e week...........bale*.0 1 which exporters t o o k - 2, 200
Of which speculators took.
900
Sal** A m e ric a n .........................
51,000
Actual expo rt............................
15,000
Forw arded........................
54,000
To ta l atoek— Estimated..........
896,000
O fw W i’littm c rlc a n -E s tm 'il
737,000
Total Import of the week. . ..
15.000
O f which A m erican..............
7,000
A m oun t afloat............................
24,000
O f which Am erican..............
15,000
4 ,.0 0
1,000
48,000
12,000
r-S.OOO
S3 2,000
705,000
18,000
6,000
18,000
12,000
5,600
S00
51,000
11.000
50,000
711,000
653,000
5,000
2,000
21,000
14,000
2,900
1.800
51,000
1!,000
o 1,000
721,000
801,000
9,000
5,000
19,000
12,000
The ton e o f th e L iv e rp o ol m a rk et fo r sp ots a n d fu tu r e s
ea ch d a y o f th e w e e k e n d in g J u ly 8 • and th e d a ily d o s in g
p rice s o f spot c o t to n , have been as fo llo w s .
Market, > Quiet.
1:45 k m . ,
M id. Upl'd*.-
4%
Sale.............
8(».‘v. * » xp.
0,000
300
Firm.
: Harden*^.
4%
4*4
8,000
too
8,000
i.oOo
10,000
1,000
10,000
1.000
Barely
j Steady. 1
* steady.
Fair
busiaess
doing.
Firm.
4% j
Fuluret,
Qalet.
Easier.
Thurld'y Friday.
4*4
mm&T at
Market, ) Quiet
at m
i Steady. 1-*H ad1:45 v. M.| ftdvajotee. ;
; mace.
Market, *
4. K 1C, <
Ifed'day.
4°*l
11
Sufday. Monday. Tuesday.
r*
Spot.
olio#.
x
Steady as steady &
: partially j l-44#'2-*4l
l Madv. advance.
Quiet.
Quiet but
steady.
'M
mwat
SriH Qt»*
Quiet.
T h e p rices o f fu tu re s at L iv erp ool fo r ea ch d a y a re g iv e n
b e lo w . P rices are o n th e basis o f U plan ds, L > w M id d lin g
cla u se, unless oth e rw ise sta ted .
nm .
.vioii,
July 24 to ----------------- ' ------------ -—
July 30. 12% l 1:45 4
T u «,
W e il.
T k o r t.:
F r t.
! --------------- --------------------------------i— ............ 1:48 t 1:45 l 1:45 4 U45 4
f.JI, IMS. !-.M, I ' . w . a , K « , K M . KM . K M .P .M . P. M K X.
201
There has been a m od erately a ctiv e speculation in the m a r
ket for In dian corn futures an i prices have a d v a n e e l, par
ticularly du rin g the latter p u t o f die w eek, w hen sensational
reports o f crop d a m a ge in the S ou hw est, together w ith s y m
pathy with the rise in w heat values, s tim u li ed a d em a n d
largely from aborts to c o v e r con tra cts.
Co d a y tn* tnirkec
was h ightr early In tbe da y. .Subsequently, h o w :v e r , there
w as Increased pressure to sell, as lon gs v -r e t i k i n g profits,
and a bout all o f tbe t-arly i u proven : *nt was lost. l a tae spot
m arket business has been fairly a eu v e, as exporters have been
buyers. T* -d a y there w ere fa irly large sales n u d e fur exp ort,
in clu d in g Xo, 4 m ixed at 3 4 ta (§ 3 i!|e. for deliveries ra n gin g
fro m first h alf o f A u gu st to first h a lf o f O ctober ; also u n
graded at 83c. delivered^
DAILY CLOSING PRICES OP XO. 2 MIXED CORN.
Ju ly delivery.......
August delivery..
September dellvi
Sal.
------e. 32
- - . . o, 31 %
...... 32*4
Mon.
31%
31is
31%
Wtd. Thurs. Fri.
Tiles.
32*4
32
32%
32%
31%
32%
b2%
32%
32%
32%
32%
32%
Oats for fu ore delivery have been du ll a n d the ch anges in
prices h ave been u nim portan t as the fav ora b le cro p prosp* o s h ave offs* t tbe strength o f oth er gram s. To-day there
w is a q u iet m arket hut prices Showed an a d va n ce o f i^ c. in
sym path y w ith the h igher prices for oth* r cereals. I n t h e
.p o t m arket -b ip p -rs have been good buyers and there has
been a dem and from th e h om e trade. ’ The m arket to -d a y
was fairly a ctiv e and firm . The sales in cluded No. 2 m ixed
at 22c. in elevator, X o . 2 w hite at 2f>l£e in elevator and N o.
2 m ixed, clip p d, at
f.o .b . afloat.
D l l L r CLOBISO PRICES OP XO. 2 MIXED OATS.
J u ly delivery.................. a
Sul.
2144
September delivery...... o. 21%
Mon.
....
21%
Turn. Med, Thurs. Pri,
............
2 1
%
2 1
%
31%
2 1
%
21%
21%
R ve has been in a ctiv e e x p o it dem and fo r the C on tin en t at
firm* r prices. B arley has been q u ie t.
The fo llo w in g are closin g qu ota tion s:
FLOUR.
d. 4. d. | d. d. d. F in e ................................ $22593 35 Patent, W inter....... $i 25 ® i 65
d. 4. d. d. d. 4.
4
12
4
12
4
13
4
1,5
4
13
4
l
i
t
11
4
13
4
12
4
13
*
1
1
4
10
Superfine.....................
2
40
City mills, 0 a! rat* . 4 70 ;»l .90
* 3 ■0
J u ly ............
JoJjr-AQK., 4 11 4 11 4 1S 4 12 4 13 4 1*2 4 09 4 00 4 0H( 4 09 4 ) 1 4 11 E xtra, S*i, 2 ................ v75* 3 35
Bye Hour, superBa* 2 1 0 » 2 50
4
0.5
t
04
4
0,5
4
0.5
t
07
t
OS
4
tig
4
Oil
4
08
*3
65
Extra, No. I .......... 3 15
Bwskwheat flour............. ■a . . . .
Aug.-hept.. 4 07 4 07 l 07
l 00 9 *43 4 00 ! 01 * « 2 4 0i 3 62 3 62 3 8313 62 4 00 3 63 C leat*............................ 3 30* 3 90
Corn meal—
3 ,56 3 5o l 56 8 56 3 57 3 5S 8. ralghM....................... 390a * 25
. 3 57 3 54 3 59 3 58 3 60 3
L-NOV
Western, sto....... 160 a>i 85
Nov.-free.. . 3 55 3 55 3 55 3 5(1 3 57 8 56 3 .54 3 53 3 5413 54 3 55 3 54 Paiei.t, Spring, .. 1 15 * 4 60
Biandywine
l 90
83:3 .52
[Wheal flour in sank* sells at prices below those for barrols.]
Uee-.-im... . 3 -»J 8 53 < 54 8 54 3 56 3 58 3 53 3 52 .1 52 3 52 33 .53
352
J a n .-F e b ... . 3 .53 3 5* 3 54 3 .54 3 56 3 .5.5 3 83 4 52 3 52!3 52
GRAIN’.
Feb.-Meb. , 3 54 3 .5* 3 .5.5 3 55 3 56 3 55 3 53.3 52 3 53 3 53 3.54 3 S3
a
e.
0 «m , per bush—
0.
c.
M e h .-A p ril. . 3 54 3 55,3 55 3 56 3 .57 3 5B 3 .54 3 53 3 53 3 54 3 5,5 3 ,84 Wheat—
sprine.
per
bush
.
.
.
80
»
8
9
Western m lso d............ 32 ®36
3
54
3
3
4
3 54;3 54 3 55 3 54
4(>rii M ay . . 3 55 3 56 3 55 3 66'3 57 3 57
Red Winter, N d 2 ,„ .8 3 % # 9 3 T *
No. 2 mixed.............. .32%«3S>«
... I ...
W lsjr-Jun e.
Hod Winter................ 78
<r -6
Western Y e llo w .......... 33 436
Northern. No I ...........g 7 % # 8 7 %
We stern White........... 33 a35%
Oats— Mixed, prrhush-.'JltorSSSia R ye —
White ......................... 24 a »0
West«m, per bash ...4 2 *42%
B R E A D S T U F F S .
No. S m ixed................. 22 a>23
state and Jersey .......42 ®43
F r i d a y , Ju ly 30, 1897,
No. 2 white........ ......... 2a*su>26** Barley—W eatern..........43 ®45
F e e d in g ................ . . . 3 9 * 3 9 %
A m oderate vo lu m e o f business ban he-it transacted in the
nsatket fo r w h e t! flour, and pric-w have tended u pw ard in
The m ov em en t o f brea* Intu ffs to m a rk e t » s in d ica ted in th e
sym path y w i h the advan ce in wheat value-*. The dem and -ta tem en ts b e lo w is prepared b y u s fr o m th e figures o f th e
fro m the hom e trade has Im p :* restricted largely to it 4 « c o s I New Y ork Prod up*• E xch a n g e. * The receip ts at W estern lake
w en is, as travels 2 * s m l l T have show n a di# position to hoi l and river ports for the w e -k e n d in g J u ly 24, a nd since A u g .
o ff from fti ek in g o p until there are free offerin gs o f new 1, fo r each o f th e last th ree years, have been as fo llo w s :
cro p flour. 1 he e x p e rt bu»in< ** has b*-en fa u ly active, s e r
vers! fair-sized lines h aving b*en taken at fo il value*. Citv lU tripi* a f — flo u r.
W h m t 1 C bm , | OittM.
Rifem ills h ave hern steady. R ye flou r ha* been in fairtv
m * 196 ih* H m h 9 0 lbS 8mh.MU*a\ B u * h .n to 0 Bush HUbt B u M lb*.
a c m e dem and, and 'h e b n . i. s i u « M ( M I h i-* b en a : an
65,150
49,900
2,1 it,24 IS
VM.QSG
,
,
a d va n ce o f slrtiisf P
per h vrteb Corn meal has had on ly M ilw aukee
226,1101
m.& *o
n t,m
SO. 460
91,*00
a m oderate sale, b u r vain-a h a v e i u h d Arm at an advan ce O u lo tb .. .
1,422;
2*7.170
7 14,79:1
20,837
$8,004
o f V . per barret.
XlMifi
-0
MiummpoU» .
MM j
ijifr
im ,m >
t i l , 70S
3.184
2,102
T h ere has been a fair am ount o f a ctivity l; > the up .-dilative
19,* 0>
3,88«
m ,M i|
21,139
I '.t io
4 jii
dealin gs in the m arket for wheat futures and price** have D e t r o i t .........
........
IS.S01
Wfc
mM*
t o o r t d a <u-th e r m aterial a dvan ce, r-fl d i n g * r o i t - r i v i r >- O ietolaiid ,
Mi
2,890
93,010
3«9,J 1*1
198,670
190.615
(s?an advic* and on a con tin u ed go-si v x n ott dem and and fw i 8t. LsfUiM . . .
5,40 i
ito .d so j
199.000
2.1.W
...
P e o r ia ..........
■8,1m
th er report* o f e»0n il t r a - g ' i>> K *-t *•« Etirnrs*». Ssfip-d*?
lOt.OOri
Kan®*# City.
mo
the m arket w « s firm er, prices a d va n cin g le , per bushel on
iis .m
1*1 ,*01
%%7 *,717
j 3,500.0*9
T u t w kJW ,
¥57.017
b u y in g fo r Cuntm -ntnl s e e «lt t an i u a f « v o n » l s c t io s i 209,8:4!
83,371
tm jw
8,98 M i 4 t M U80J 2,154,011
vices from *he North west, there b rin g rep r s o f too m uch B a m u w t.’fid
39,921
17.930
2,002,4,4.1
1.4*2,113
Saaift
t.w
iF
m
\
If*5.4 77
rain, M onday the ch anges m i r<ce» w ere unim p-iria it.
I
Tin s la y there was a fu rth er a d v i o c e to price* o f ‘ , £$ Ic. per Sinm A m - iI1,575,2';F ll?3,402,fl XI 103.00 .651 \177,017,800 32,103,1182 7,127.318
fair
b u y in g, r t t a u l h t 'd
by the 189*417...
bushel.
There wbs
...
U ,017,085 Z M k s m jm i t i45o« ,385 n i l m t s m 39,475,378 4,355,368
reports
o f re iou s
c r p d a m a ge
in K es'ern E u rooe mum....... 1 l,P82,*tP* II 6.28% 167 MO.2i0.977| 9**601,872 81,818,991 2.762.U28
and turn,us o f large e xp ort t»u>eha« a h ero a nd at < u ports, in cluding u lim ited d~m »r d from P rase*. W ednesday
The receip t* o f flour and gra in a t th e seaboard p orts fo r the
the m arket w as higher early io the d a v. Hubs q u en tly , h o w week ended J u ly 24, 1817, fo llo w s :
Rue.
ever, favorable cro p -t-lvicc* fro m the W e s t a n d realizin g
Om.
0*i*,
Bartel/.
Fbmr, Whm‘ ,
hush.
hush.
biuh.
tomh.
til—
hhh.
hn»h,
s a b s by lon gs resulted in a rea ction , and prices fo r tbe day N©ft'cripU
7*Wm? 1,005.400
40.3’5 34P.OOO
w Y o rk ................... 1 1 ^ 7
6*7.¥25
2
<
0
.
W
2
308,720
1,625
show ed a decline o f } { i § r'£*', Thursday there was an active Boston....................
Hl.HJo B2.n 0
‘ io.Voo
o n tr e a l___. . . . . . . .
4158.1*5 88 *.200 ........
4<>.*38
4 M ,tm
und h igher m arket, »he « u v a n ce in pr ess b e in g t# IS £ o » bn M
400,010 12«$.5«0 ..........
FhlJftdelplita . . . . . . . .
5-M.-41
lh l.uvs
*15,715
405.75H
12,514
buying hy the C on tin en t and also f, r local n ecoun t, a im u- Haittmons ................
52,4ai w t,5 * 7
U,8<0
8.870 ........
K lo b o u m fl...............
I.U 2
11,912
Ift'eJ hiy ilie rep ot-, tbs* the rnjuirern-o!** >.f Franc** this s e i
7P,70-t
70,035
N ew Ork*ans*.. . . . . .
18,0.-4
25.714 . . . . . . .
........
son w ilt be in ih e n eighborh ood o f 100,000,000 bushels To Nf»rfotk .* ................ . . . ...
. .. . ...
70.000 ...................
day there w »s *n a ctiv e and high* r m arket. T b a feature was N ew p oH N e w s ,...............
Tm-al w eek_____ n w w f t
2471.007 1 ,0
0
00,5*94
nfWm
the con tin u ed fr —* nuytng fo r Continental afiCtWin', and tbe
3^,205 l.tMT, I'M 1.511,910 l #89,47k
HiM> 155,'d9&
fa ct that t i*-ip h id bee t free acceptances o v e r night stim u Week liM,..........
lated fu rtn e t b u y in g by loca l operators
T o * ar I th e eios# Ileeeipts d o not Inclu de grain passing th r nisffci N ew Orleiina fo r foreign
porte o n th r o u « b toils o f laditwr
there whs «. m oderate reaction from (op p n c » s u nder r. al z
in g - tl»-, ti,.- n-1 ■.)vs -.*•-• f* r ibe day being 1 t j c
T n - spot
Total receip ts a t ports from Jan. 1 to J u ly 24 com p a re as
market was ae t ve and higher, large S1| $ b i ig rep r ed h* re fo llo w s fo r fo u r yea rs :
and at ou tp-u t*. p-ia<jtp»Hy N*>. 3 red wi»»>*r fo r live August
1,805.
RreripU o f—
1897.
18*6.
8,641,2*4
10.717.SI6
H o u r ............ . ..
ia w m *
and early Septem ber delivery at 88j4 < 3 8 8^ c f n, b . ail tat.
DAir.r c to sts o p r ic e s o r so. 2 RBO W ITTER W
mh Mon, Turn. ti-'J
84
Y ............
83%
78*e
78%
70*9
78%
()cj/>\>0rdelivery.. ...0 . 78*«
80%
70%
B w s n itn f datffpry*. ...c . 7R%
79 %
liW .
Thws. Fri.
85%
79%
1
81
82%
W h e a t . . . . . . ......... ..b u s b . 2fi,5ei}J 4 8
<*<im. . . . . . .
..
“ KN,018.2 0
**
4 fM 2 tnm
i >at.N
.... ......
*’
0»76#*O27
B arley..........
..
•*
4,918.387
T o ta l g r a m ... ,
**
183,691,106
27,924,981
42, 37.039
36.263.82f.
4,43* ,2:2
1,508,675
17*031,314
22.573,*81.
21.507,220
1,421,619
184.048
21,573,098
510,808,119
19.3^3,941
1,605,404
170.960
112,070.093
62,718,113
78.W 8.lt8
THE
202
C H R O N IC L E .
The exports from the several seaboard ports for the week
-ending
July
24, 1897, __
are shown
in the annexed
statement:
”
J __ .
__
I?.,.
o.nu
Rnrlfi.ll
W heat,
E xp orts from — bush.
New Vore . . . . M8.35S
Boeton. .......
17,998
P o r tla n d ...........................
Philadelphia.. 31.400
Baltim ore. . .. 3)8 000
New O rleans.................
N o rfo lk ............................
N ew p’ rt News .. . . . .
M on treal......... 101,479
Corn,
H ou r,
bush.
bbls.
770,677 119,218
211,193
32,852
..........................
817.125
17.553
374.?92
29,718
15.969
4,25)
25,714
...........
?a ,000
0,741
L 8,598
Total wTk... 1,075,123 2 .061.908
Same time ' 9 0 .1 .191,431 1 ,5 .8,802
Peas,
bush.
10,429
Cats,
bush.
092,830
232,543
B y e,
bush.
199,204
*80,0)0
60
"*8,571
Barley
bush.
107.200
41,502
108,192
210,305 1,163,021
210,031 1 ,018,521
207,775
3 4 .0 o8
51.931
58.837
107,200
..........
The destination of these exports for the week and since
September 1, 1896, is as below.
E xports fo r
week and since
Sept. 1 to —
U olted K ingdom
C m t in e n t ............
S A C . A m erica .
W est Indies..
Brit. N. A . C ol’ s.
O ther co u n tries ..
T ota l
T o ta l 1 8 9 5 -9 0 ...
-h lou r.W eek
Since Sept,
J uly 24. 1,1890.
bbls.
bbls.
125,187 7.571.0S3
28,788
92«,95H
1*.208
908.170
30,751
98-.032
4,614
S5«,f88
6,807
221,902
210.395
216,031
-W h e a t.---------.
W eek
Since S^pt.
l . 1890.
July 21.
bush.
bush.
553,151
449 .7 C9
67,908
41 ,952,304
■4,355
1,128,580
11,403,867
217,287
----------- Corn.----------- *
W eek
Since Sept.
J u ly 24.
1,1890.
bush.
bush.
78 , 644,203
76.1 ( 2,929
201,7 02
1.125 144
410 745
1,800,544
J.230.021
791.057
2,769
25,375
12,140
10 ,931,538 1 ,075,123 51 .762,038 2 ,011.968 158 .215,327
10 ,910,875 1,197,131 14,030,724 1 ,508,802 84 ,189 ,6 o3
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
W heat.
In store at—
bush.
Naw Y o rk .....................
605,000
Do
a floa t...........
31,000
A lb a n y ..........................
....
B u ffa lo ..........................
751,000
Do
a flo a t............................
C h ic a g o ...............
3,525,000
Do
a flo a t ............................
M lw a u k e e ...................
109,000
Do
a f lo a t ............................
D u lu th ........................... 803,000
Do
a f lo a t ............................
T d e d o ....................
301,000
Do
a flo a t..............................
D e t r o i t ..........................
13,000
Do
a flo a t..............................
O sw ego.............................................
8 L o u is ....................... 139,000
Do
a flo a t..............................
C incinnati.....................
1,000
B o s to n ........................
155,000
T o r o n to .....................
73,000
M on treal.......................
213,000
P h ila d elp h ia ................
160,000
In d ia n a p o lis ................
93,000
K ansas C ity ..................
92,000
B a ltim ore.................... 1,055,000
M inneapolis................. 7,124,000
O n M ississippi R iv e r .
On L a kes......................
825,000
On can al an d r i v e r . ..
58,000
T otal
T otal
T otal
T ota l
T o ta l
July
Ju ly
Ju ly
J u ly
Ju ly
24
17,
25.
27,
23,
1897.16,031,000
1897.15,324,000
1S90.47,'42.000
1895.39,229,000
18B4 57.144,000
Rye.
bush,
490.000
43.000
Barley
bush.
71.000
75,00*6
788,000
132.000
264,000
0,e02,od6
1,433,000
115,000
9,666
3,000
1,000
45,bo6
73,000
11.000
188,000
374,000
239,000
335.000
24,000
:5.000
29,000
7,000
9,000
91,000
87,000
30,000
C om ,
bush
1.300,000
9.000
50,000
495,000
Oats,
bu»h
1,719,000
8.000
2,000
20.000
13,000
50,000
1 .66b
2,000
12.000
1,113,000
30.000
33.000
503,000
126,000
14,000
5,000
58,000
544.000
17.000
f 0.000
109.000
005,000
55.000
129,000
4,120,010
155,000
120,000
111,000
0.000
33,000
8,006
17,000
103,000
L3.000
1,290,000
8.000
9,000
200,000
194,000
80,000
81,000
0,651,000
7.003,000
0,537.000
4,887,000
1,247,000
1,771,000
2,048,000
1.557.000
154,000
201.0U0
954, COO
1,008.000
740,000
40,000
81,'. 00
12,000
10,179.000
15.130,000
8,810,000
5.207,000
3,973,000
4,000
00,066
[VOL. LX V .
The home demand for brown sheetings and drills has been
better than a week ago, but still moderate. Exporters h ave,
however, bought freely of heavy-weights, and the market is
improving in tone, although rarely quotably higher. Brown
osnaburgs and ducks are firmer. Dsnim3 have been practi
cally cleaned up, and leading makes of 9-ounce goods are ad
vanced i^c. per yard. Ticks are occasionally
higher; other
coarse colored cottons firmer in tone, but no quotable change
in prices. Bleached goods have sold much more freely, and
from being weak are now distinctly tending upwards in all
grades. Wide sheetings are featureless. Cotton flannels and
blankets quietly firm. Quilts generally 2f£c. per quilt dearer.
White goods quiet. Kid-finished cambrics slow of sale at
previous prices. Fancy calicos have been in moderate reor
der demand. Staple ginghams dull but steady. Dress styles
slow. Print cloths in bitter request and firm at 2}^c. for
extras. Several Fall River mills have announced their inten
tion to cuitail production and others are expected to follow
suit.
1897.
1896.
Stock o f Print Olothi—
July 24
July 25.
At Providence, 64 squares. 495,000
337,000
At Fall River, 64 squares) ,
Ann ( l , 010,000
A tF allR iver,odd sizes.. S
665,000
1895.
1894.
July 27. July 28.
180,000 319,0i 0
67,000 602,000
103,000 214,000
Total stook (p ieces).... 1.529,000 2,012,000
350,000 1,135,000
W oolen G o o d s .—There has bean an active business in
such new lines of men’s-wear woolen goads as have so far
been put before buyers in light weights. These are mainly
low and medium grades of cheviots, oassimeres and serges,
goods ranging from 20c. up to $1 per yard, As previously
reported the opening prices showed advances over last spring
ranging from 5 to 10 per cent, and no difficulty has been
realized in securing the improvement. In fact, additional
advances of 5 per cent have occasionally been made
and the general market wears quite a strong ap
pearance. Next week better grades will come upon the
market, including leading lines of Clay worsteds, and will
undoubtedly confirm the improvement already shown. Re
orders for heavy weights are still coming to hand and prices
are very firm. Cotton-warp cassimeres are comparatively
quiet. In overcoatings business is expanding and the ten
dency of prices is against buyers. Cloakings are quiet but
firm. Flannels in limited request, and blankets in moderate
demand at firm prices. Dress goods are in very fair reorder
request in full weights, and in plain fabrics prices are tending
upwards.
F o r e ig n D r y G o o d s .—Importers have secured fair orders
for men’s-wear fabrics in light weights at prices correspond
ing to advances in domestic goads. Dress goods for spring
are very firm and from 15 to 20 per cent higher than last
spring, with fair orders taken. Silks, ribbons, linens, etc.,
all firm, but business moderate.
T
H
E D
R
YG
O
O
D
S T
R
A
D
E
.
Im p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls o f D ry G o o d s .
P. M., July 30, 1897.
The primary market opened on Monday with considerable
more fpirit than has been noticeable for a long time past, the
enactment of the new tariff into law evidently being regarded
as a favorable influence by some large operators. In the cot
ton gcods division there was free buying in several directions,
particularly in tdeached cottons, and the general tore showed
a clear accession of firmness. The trade at large has not,
however, changed its policy to any material extent as yet,
and although there has been a fuller aggregate business
day by day the expansion since Monday has been mod
erate.
Sellers are more difficult to deal with at
the close than they were a week ago, and the
staple cotton goods market has a hardening appearance, with
several advances, as noted below, already secured. Stocks
are working into good shape, and with a number of large
mills announcing suspension of work during August, supplies
are likely to run down considerably during the next few
weeks, even without any further increase in buying. The
market for woolen and worsted goods is in a highly promising
condition. Buyers are operating more freely in men’s wear
fabrics than for some years past, and sellers have no difficulty
in realizing the advanced prices quoted on new spring lines.
Good reports are made concerning collections.
D o m e s t ic C o t t o n G o o d s —The exports of cotton goods
from this port for the week ending July 26 were 12,130
packages, valued at 8484,914, their destination being to the
points specified in the tables below:
The importations and warehouse withdrawals of dry goods
at this port for the week ending July 29, 1897, and since
January 1, 1897, and for the corresponding periods of ’ a t
year are as follows:
N e w Y o r e , F r id a y ,
Week. Since Jan. 1.
Great Britain.......
12
14
9,554
178
775
50
309
68
318
795
57
2,9G7
2,177
89,272
4,335
15,824
12,348
8,347
1,891
4,928
28,911
2,763
6
307
32
184
1,279
62
2,008
1,889
65,748
3,509
12,511
11,161
7,062
1,746
5,232
28,199
2,199
Total..................... . . . . . . . 12,130
China, via Vancouver",..
....
173,703
12,300
2,921
.. . .
141,264
18,570
Total................................ 12,130
12.130
186,003
* Prom fe w England mill points direct
2,921
159,834
Other European..
China . . . . . . . . . . . . .
India.....................
Arabia....................
A fr ic a ..... .........
Weet Indies..........
Mexico..................
Central America.,
8oath Am erica...
Other Oonntrlee..
51
12
988
The value of the New York exports for the year to date has
been $6,722,985 in 1897 against $6,283,225 in 1896.
anufaotnres
W ool _______
C otton .........
Bilk...............
F lax .............
lBoellaneone
Week. Since Jan. 1.
g
T ota l ........
nt’ dforoonsr
1896.
g
otal imports
1897.
N e w Y o r k t o J u l y 28.
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JCTLY SI, is y '.j
S tate
THE CHRONICLE.
and
C ity J 3 £ t»a n tm en t ,
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OF
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* * # > < 8
St. Joseph, He. — Bond C ill W ith d ra w n .—The attempt of
the city of S . Joseph to co npal the retirement of its S per
cent tends in advance of maturity has resulted just as ex
pected. The eicy bis been obliged to aband ui its purpose
(being unable to sell the new bonds) and now gives (notice
that the call for the pay neat of the 8 p t cents has been
withdrawn. Tha attempt to retire these bond) has been i i
every way unforru ’ ate, I; will be the earnest wish of every
one that by the time the Oi fall due in IJOS the city may iuve
recovered from tha effects of it# error and be able t> fl mt a
new issue on a 4 per cent basif. The following is the oin ;ia!
notice withdrawing th i call for the payment of the hoods:
*' To W hom It Mat Concern,—Notice is hereby given that
the city of Si, Joseph, in th© State of Mwaouri, haj withdrawn
its call for payment August the 1st, 1897, of it# ou standing
8 per cant bonds, made under aped il ordinance of said city
N j. 2058, approved May the I b, la®7,
M, M Iliacjs, '
"Comptroller of the city of 3t. J weph, Missouri."
New lurk City.—On July 27, 1897; Cosapt roller Filch an
nounced the appointment of thirteen expert accountants to
investigate the financial condition of tha cities and town
that will make up Greater N -w York, under a law passed by
the last Legislature, The accountants are as-igned as fol
lows : For examination of the Borough of Brooklyn : Messrs
Tate, Connell, H iskins, Teele and Holt; for th t Borough of
Queens: Messrs. Mooney, Madams. Shipman, Davidson and
ialdtn ; for the Birough of iltohmond : Messrs. McNamara.
Madden and Ryan. Mr. Fitch bar authority to appoint fifteen
expert accountants, being a board of five for each of the three
boroughs to be examined, but doe* not propose to appoint the
other two for the Borough of Richmond unless it appears to
be rewsssry. The experts will receive $35 a day, and their
work will take about 100 day#.
Texas.—Proposed C on stitu tion a l A m endm ent* A u th orizin g
C m n ty B o n d » , ~ St. Lutis “ Oiobe-Dern wrat” on July 38.
lbyi, contained the following dispatch from Sherman, Texas“ On August 3 tie voters of this Sate will pa** upon three
prop sed C-ontt tutiooal amendments to be submit ed to them
at an electro i especially ordered for that purpose One of
these amendment* give# certain western counties special pjwers to i»ue bonds to aid in building railroads through iheir
territory. Another validates certain county bonds which
have previously been issued n an irregular manner, and in
which portion# of the State school fund have been invested.
“ The other amendment, which is known a# the flesh, is the
one concerning which there has been the most discussion. It
m called the 'irrigation amendment.' Uad»r its terms it wilt
he permitted t >to*land owner* ia eeitain specified western
count m to orgamz* 'irrigation district,', aoi t > issue bonds
for the purpose of defraying the expenses incident upon the
work of irrigating their land. Fir the paymntt of thesi
bonds a lien may be create I upon all tie land wit >in the dis
trict to an ext mt not to exceed $15 p,«r acre."
B s n d
P ro p o sa ls and
w e e k h a v e b e a n as fo llo w s .
N e g o tia tio n s
th is
Adams Jtaa#,—B on d Sate ,—The following is a cotnplel
if1 of h" U r e n iv e a on July 34, 1887, for #40,000 of 4 p »r cm
library and memorial building not •#:
[onw* a. Hnreer.it Of,.. Bortnalrewt f. St. Beilin*.,%sow, Barton. .term
fWir Bit* * rtf. .
... i-.-Lii (S. ),. I « ; A
B.wton --------- I W »
Beaton....
Blwte»t, MenrJtt it. Co,. BfutonJ «-();•
P * 6 * " * co., a-., iffiHu*
ft. H. WMllngtno tk Cm, MMmtSmsu
Afatstm
> i-V
*;#., Bst-kfcm
.
, .,,
-a -----&
.........
@ «ie»sf* *
WMkMMm 4 BMt,
goal on ri*e o?nt iterttura Bk.. m-:m
s v m
WB.O.IIlt.t/ ,&.*»*/in
JfWM
, um 7 m
Breton......... urs-os
Ftw U irielt B a n croft, B oston . . .*10100
* Bid if,f |3,fm .
The loan was awarded t > Horace S, Homer & Co, and will
mature April 15.1906.
208
Arcadia, W i* .~ B o n d S ale — T he First National Bank of
Portage, Wis,,has been awarded $5,000 of 5 p. c, bonds at 100-70.
Ashland, Ohio.— B on d O ffering —Proposals will be reouved until August 18, 1897, by E B. Wsstover, Village
Clerk of Asnland, for the purchase of $3,500 of pa vino bonds.
Aspinvrull ( Pa. ) School District.-Bonds P r o p o s ld .—T he
■Philadelphia Financial News" reports that toe district
expect) to issue -$#,04) of bonds in the near fut ire.
Bay Side, X. V.—B on d s A u th o riz ed .— O j July 19,1897, the
citizens of Bay Side voted in favor of issuing$50,000 of stre»tlmprovement bonds,
Berlin. N, 11. A e w I.O’ iii s,—The cby of Berlin has negon.ated the following bans, at private sale, with the Littleton
livings B mk of Littleton. $3,500. due in 18 months i #8,000,
due in two years, and $680, due one year from date of issue.
All of the above loans are at 4)| per cent interest,
Broome Bounty, N\ Y .— B on d O fferin g .—Proposals will be
received until 1 > o’clock a . si , August 2, 1497. bv John A.
Rider, County Treasurer, Binghamton, N. Y., for tha pur
chase of $00,000 of 4 pe-- cent bonds. The securities will be in
ibe form of registered bond) of .$10,000 each, dated August 1,
1897; interest will be payable semi-anuusllv on the fic-f days
of February and Aldus'. The principal will reuture at the
rate of bid,000 annu illy from February 1, 1899. b >t i principal
»nd Interest being p iyab! - at the National Citv Bank of New
5 uric. The present indebted less of Broom >Oiunt-v is SI 10,f'00. The as
I value of real esrat >ia $3 >,878,410 and th)
personal $2 508,09),
Canton, 8, I),—Bond E te ctim -O n August a, 1897, the
citizens of Canton wilt vote upon a proposed- Issue of $'30,000
of bond) for the building of a school-house.
Cascade County (Mont.) School District No. 25) — B on d
bale,—The School District recently sold $10/0) of 0 per cent
ichoo! bond). The securities arc of the denomination of $300
*-ach dated Julv 10. 1-97; intereat will be payable semi-an
nually at the offle? of the Treasurer of Cascade County in the
city of ( rrent FAlls, Moat., and the principal will mature July
H>, 1013, inbject t ) call after July 10, 1907.
( hllllcothf, O lio -B o n d S tie.— On July 33 the city of
OhillicoHw awarded the $10/0) of 0 per cent school bonds to
the Central National Bank of Chilltcothe for $11,0)0, Thirteen
md-i m all were received. The securities will mature in from
ooo to twenty rear*.
Clark r 0nu»y(s. |» , Independent Sriiool District No. Id
—Bona O ffen n g .—Proposals will be recti ved a util 1 o’clock
p M.. August 15, 1897, by John Scanlan, Treasu-er Bradley,
S. a , for the purchase of $2 (W0 of 7 r*er cant bonds of this
district. The securities will be of the denomination of $300,
dated Atiguit 15. 1897: inter at will be payable semi annually
in go'd in New V >rk City, and t ie princ pil will mat ire
August 15, 1913.
A certified check for $100 must accompany each bid.
I lereland, Oliio.—B ow l* P rop osed ,—Tne Legislature of
|)hio will be asked in the fall i» confer authority upon the
city of Cleveland to i-sue bonds for the purpose of carrying
a the river and lake front improveruente. The am runt of
lhe issue cannot yet bs determined.
f’oolidge, Ksb. —B on d Issue . —With ref- r -nee t > the cur
rent reports regarding the issue of refunding bonds, we are
inform-Hi by Mr. W, K Farby, City Treasurer, that the city
has issued, $33,000 on a comprorniso. The bonds were tsx•-hanged for a much larger am mat of old bonds. The new
-ecuritifs win b-ar interest at the rate of -1 per cent and the
principal will mature January 1, 1937.
College Point, N, \',— B otul O fferin g ,—Proposals will be
received until 8:30 o'clock p. >: , August 9,1897, by the Trustees
of the Village of College Point, for the purchase of $15,000 of
•I per cent water tower bonds as authorized by OaapSer 337 of
the Laws of the Sate of New V jrk of 1897. Tae bonds are of
the denomination of $1,000, and the principal will mature in
forty years from dats of issue.
All prop Mala must be accompanied by a certified check
drawn to the order of F. R. Clair, Village Treasurer, for 5 per
cent of the amount of the issue.
The official n otice o f this bon d o fferin g trill be fo u n d am ong
th e advertisem ents elsewhere in this D epa rtm ent.
Columbus, Miss.—B oru h D efea ted .—At t ie elec-ion held in
this city on July 19. 1897. the proposition to issue $35,000 of
water works improvement bonds was defeated. It is reported
that another election will be held to vote on tha question of
erecting a more complete system of water works
Delay,in, Minn —Bond* A uthorized,.— The citizms of Delavan on July 10, 1897, voted m favor of the proposed issue of
water-works bonds.
Pub H|ne, Iowa.— Bonds D efectiv e .—A special dispatch
from Dubuque, dated July 39, 1897, says:
■‘A discussion concerning Mayor Duffy's duty to sign or
veto a street railway ordinance has brought out the fact that
all the bond# issued by the city during the past eight years
are defective becau-e the resolutions authorizing their issues
were nt t signed by the Mayor, Of the bonds issued since the
law making this requirement was passed there are outatanding $1,188,400, of which $367,400 are improvement bonds,
held by various parties,"
The dispatch also says that it is believed that a curative act
by the next Legislature will make the bonds good. In view
of that fact i•is obvious that holders need give themselves
little anxiety regarding the matter.
204
THE CHRONICLE.
lleltn, Fa.—Bond E lection .— An election will be held in
this town on August 3. 1897. to vote on a proposition to issue
bonds for the construction of water works estimated to cost
about $13,000.
Dnnmnre, Fa.—B on d s P roponed . —It is reported that the
town of Dunmore will shortly issue $19,000 of 5 par cent tenyear school bonds.
East Cleveland, Ohio.—B on d E l e c t i o n — T he East Cleveland
Council has decided that another election is necessary to au
thorize the issuance of the $130,000 of sewer and water bonds.
These securiti-s were authorized by the people on July 1,
1897, but as the votes cast were for a bond issue, without
specification as to the purpose, is is claimed that sebarate votes
will have to be taken on the bonds to make them legal.
Erie Conntv, N. Y.—Bond S a le —The following are the
bids received for $30,000 of 4 per cent Erie CountyJsnnds :
oseph E. Gavin, Buffalo........105*055 Erie Co.Javinj Bank.
' B u ffalo.10i'6a
“ ....1 0 1 5 7
' rtron & Storrs, New York.... 105*07 G eo. M. Hahn, N ew Y- orkh. L. Dav & Co., Boston ........105*030 E. C. J o n e s Co., N ew York. ....101-526
treet, Wykea & Co., New York.105 15
The Lomi8 were issued pursuant with Chapter 732 of the
Laws of New York.
The interest on the securities will be payable setai-annualLy
on the first days of February and August at the office of the
County Treasurer. The principal will mature $10,000 on
August 1, 1903; $10,000 August 1, 1907, and $10,000 August
1, 1913. The bonded debt of Erie County is $673,500. The
assessed valuation is $281,935,130.
Flushing, N. Y.—B on d O ffe r in g —Proposals will be re
ceived until 8 o’clock p M. August 16, 1897, by the Board of
Education, Flushing, N. Y., for the purchase of $102,500 of 4
per cent gold school bonds, authorized at a special election
held July 22, 1897. The interest will be payable at the Mar
ket and Fulton Bank, and the principal will begin to mature
in 1907.
Franklin County, Mass.—L oa n A u th o riz ed . —The County
Commissioners have authorized a loan of $4,000 to be applied
towards a current debt.
Freslbnrg, Md.—B on d s A u th orized . —The town of Frostburg is reported to have decided upon issuing $55,000 of 4 per
cent refunding bonds to mature not later than January 1,
1920.
brand County, Utah.—Bond E lection . —A proposition to
issue $10,000 of bonds for the erection of a new court house
will be put to a vote of the people of Grand County on Au
gust 12, 1897, The question of consolidating San Joan
County and Grand County will also be decided on this date.
Greenfield, Mass—T em porary L oa n . —At a special town
meeting held July 34, 1897, a loan for $2,800 was authorized
to meet tbe following appropriations; $2,000 for sewers and
culverts; $500 for side-walks and $300 for use of the commit
tee on parks. The loan will be due October 15, 1897.
Holland. Mich.—B on d S ale. —The city of Holland has
awarded N. W . Harris & Co., of Chicago, $7,000 of 5 per cent
20-year school bonds. There were eleven bids received for
the loan.
Holly Springs, Misg.—B on d E lectio n . —It is reported that
on August 9, 1897, the people of the town of Holly Springs
will decide the quesiion of issuing improvement bonds to the
amount of $43,0u0.
Houston, Tex. - B on d Sale.— The $250,000 of 5 per cent
paving and sewer bonds have been awarded to Spitzer & Co.
of Toledo.
Huntsville, Texas. —B on d O ffer in g — Proposals will he re
ceived by the city of Huntsville, fortne purchase of $12,500of
6 per cent water-works bonds. The securities will be in the
form of coupon bonds of $500 each, dated July 1, 1897, with
interest payable semi annually on the first days of January
and July, at the Hanover National Bank of New York City.
The principal will mature July 1 . 1937, re eemable after ten
years from date of issue. Provision is made in the tax levy
for a sinking fund of 2 per cent.
Hutchinson, Kan.—B on d O ffering. —Mr. J. S. George,
Chairman of the Finanace Committee, is ready to receive bids
for $55,000 of 6 per cent funding bonds, to be sold by the city
of Hutchinson at private sale. The interest on these securi
ties will be payable semi-annually in February and August,
both principal and interest being payable in currency at the
Kansas Fiscal Agenov in New York City. The principal will
mature August 1, 1917.
ironton, Ohio.—B on d Sale.— On July 28, 1897, the city of
Ironton awarded to Centerville National Bank of ThurmaD,
Ohio, at 104^ per cent and accrued interest, the $943 80 of 6
per cent sewer bonds. A bid was received from the Second
National Bank of Ironton for 100-G5 and accrued interest. The
securities are of the denomination of $31 46, dated July 1,
1897; interest will be payable semi-annually at the office of
the City Treasurer, and the principal will mature at the rate
of $31 46 every six monihs, beginning January 1, 1898.
Jackson, Mibs. - B o n d O ffering. —Proposals will be received
until 8 o’clock p. m , August 3, 1897, by D. P. Porter, Jr., City
Clerk, for the purchase of $15,000 of 6 per cent bonds issued
for the purpose of erecting a public school building in West
Jackson. The securities will be of the denomination of $100
each and will be dated August 1, 1897; the interest will be
payable at the City Treasurer’s office, and the principal will
mature in 1917.
Jacksonville, Fla.— Bond Sale.—At a private sale the city
of Jacksonville sold $25,000 of bonds to W. P. Sumner of that
city at par. These bonds are part of a $1,000,000 loan au
thorized in 1894, of which all but $40,000 have been sold at
par. It is expected that the remaining $40,000 will be sold
some time next October or November.
[V oi.. LAV .
Jefferson City, Mo.— B on d E lection . —A oroprstirn to
issue school bonds to the amount of $15,000 will be sub nited
to a vote of the citizens of Jeffersm City on August 21.1897.
Kingston, N. Y.— B on d Sale .—O r July 29, 1897. the $150,000 of 4 per cent water-W0rk 3 bmd of tie city of Kingston
were awarded as follows:
R o n d o u t Savings B a n k ..................... . . . .
A mount*
! $ 6,000
! 6,000
! O.fiOO
6.000
U lster Co. Savings I n s titu tio n .......................... } S
( o'ooo
6.000
5 s6,000
E stab rook & Co., B o s t o n ...................................... 'j\
'ooo
6,000
G."00
R o n d o u t Savings B a n k ............................
v o.o^o
E stabrook & Co., B o s t o n ....................................... ^< diboo
6,000
( 6 000
U lster Co. Savings I n s t it u t io n ................
6,i»00
r o.ooo
l 6.0 o
| 6,000
j
o.OOO
E stab rook & Co., B r o o k ly n .................................. ■!j 5-22f!
6,000
6.000
! 6.000
1 6,000
< 6,000
Rondont Savings Bank.........................
/ 6.000
6,000
Estabrook & Co., Boston................................ |l5 g’J
;
6,000
D ue.
1013
1014
1915
1016
1917
1018
1910
1020]
1*21
1022
1923
192-4
1925
1926
19 '7
1928
1920
1930
1931
1032
1033
1934
1035
1936
1937
IP rice.
107 00
;i'>7*25
107*76
107 86
108*20
108-56
108*06
109-09
10976
n o -io
110-30
110-70
111-63
112*02
112-12
1'2*53
112-70
112*92
113 21
113-43
113-69
113*96
114 00
114*08
114*28
As will be seen by the above list, Estabrook & Co. of Bos
ton secured $96,000 worth of the loan, the R mdout (N. Y.)
Savings Btnk $42,000 and the Ulster County (N. Y ) Savings
Institution $18,000. There were twenty bidders in all.
The securities are of the denomination of $1,000 each, and
the interest is payable semi-annually. The principal and in
terest are payable in gold,
Kootenai Connty, Idaho.— B on d Sale .—The county has
awarded to Farson, L“ach Sc. Co., of Chicago, tha $30,000 of 6
per cent funding bonds.
Lake County, Minn.— Bond Sale.— O n July 12, 1897. F. R.
Fulton & Co., of Grand Forks, N. D., was awarded the $20,000
of 6 per cent Lake County road and bridge bonds at par and
interest from date of sale. Trowbridge & Co. of Ch'ctgo bid
par and S25 premium. The principal of these securities will
mature at tbe rate of $4,000 per annum from July 12, 1912, to
July 12, 1916. Both principal and interest will be p lyable at
tbe National Park Bank of New York City.
Lawrence, Muss.—B on d Issu e. —The city of Lawrence pro
poses to issue $55,000 of public building and $30 000 of sewer
bonds. The public building loan is to mature in twenty
years from date of issue and the other in ten years.
Lewes. Del.—B on d s P ro p o sed . —At a special election held
July 24, 1897, the citizens of Lewes voted in favor of issuing
$10,000 of water-works and electric-light bonds. The ques
tion of issuing these bonds is in the hands of the Commission
ers and it cannot be said whether the plant will be put in or
or not. They intend to get bid3, &c., before deciding.
Lewiston, Me.—B on d s A u th o riz ed . —The City Council has
authorized the Finance Committee to issue $100,000 of 4 Der
cent 20-year gold bonds. The securities are to replaca the
$100,000 of 5 per cent water bonds due iu October.
Lincoln, Neb.—B on d O ffering. —Proposals will be received
until August 16, 1897 (time extended), by the city of Lincoln
for the purchase of $26,000 of 5 per cent refunding bonds
issued for the purpose of taking up outstanding bonds bearing
a higher rate of interest. The interest will be payable semi
annually in New York City, and the principal will mature in
from ten to twenty years. The total indebtedness of Lincoln,
including water bonds, is $1,169,100. The real valuation is
about $50,000,000. The rate of taxation per $1 000 (city. State
and county) is $70. The population (estimated) is 60,000
Lockport, N. Y.— B on d Sale .—On July 28, 1897. the city of
Lockport a - ardjd a $10,000 4 per cent intermediate school
bond to C. H. White Sc Co., of New York, at 107 53. The
bond is registered, dated July 26, 1897, and will mature
November 1, 1916. Interest is payable semi-annually on the
first days of May and November at the City Treasurer’s office.
Logau Connty. Ohio.—B on d O ffering. —Proposals will be
received until 2 o’clock P. M., August 10,1897, hy C. D Camobell, Auditor of Logan County, Beilefontain0, O., for the pur
chase of $20,000 of 6 per cent ditch bonds, for the purpose of
constructing ditches now under contract and in oontemolation, and issued pursuant with Sections 4479, 4481, 4482 R. S.
of Ohio, and the laws amendatory and supplementary thereto.
The securities will be in the form of 40 bonds of $500 each,
dated August 10, 1897, and are to be paid by a special tax col
lected on the lands benefited and assessed for the improve
ments, said tax being the first lien on the lands. The interest
will be payable semi annually, and the principal will mature
at the rate of $2,000 each on the first days of January and July
from 1898 to 1902 inclusive. Both principal and interest
will be payable at the Treasurer’s office at Bellefontaine.
Each bidder will be required to deposit $250 cash with the
Treasurer of Logan Com ty before filing his bid. Accrued in
terest from the date of issue, August 10, 1897, to t re date of
delivery of the bonds will be added to the amount of bid..
The total debt of Logan Cou 'ty is $80,000. The assessed
valuation of property in 1S96 was over $13 376,000, with an
es-imated cash value of over $20,000,000. The population in
1896 was 27,386 and in 1897 (estimated) over 30,000.
Madisnuville, Ky.—B on d E lection . —At the coming Nov
ember election the people of the town of Madisonville will
vote on a proposition to issue bonds for water works pur
poses.
Marietta, Ohio.—B on d O fferin g . — Proposals will be re
ceived umi 12 o’clock noon (Central standard time), August 23,
1897, by Carl Becker, City Clerk of Marietta, for the purchase
THE CHRONICLE.
J uly 31, 1897, |
of $18,QCQ of 5 per cent electric-light bonds, issued under the
provisions of an ordinance passed June 15, 1897, “ providing
for the issue and sale of negotiable coupon bonds of the city
of Marietta, Ohio, to the aggregate amount of 815,000, for the
purpose of enlarging and improving the electric-light plant.”
The securities will be of the denomination of $500, dated
August 1, 1897; interest will be payable semi-annually, both
Srinci pal and interest being payable at the city’s agency in
ew York, in lawful money of the United States. The prin
cipal will mature August 1, 1937, optional after 1917.
Mo bid for less than par will be considered. Bidders are
required to state the number of bonds bid for and the gross
amount they will, pay for the bonds, together with the pay
ment of accrued interest to the date of transfer of the bonds,
Marion County, I n i . — B o n d R e d e m p t k m .- O a July 27,
1897, the County Commissioners signed a warrant for $153,908 75, payable to Winslow, Lanier & Go., of New York City,
for the payment of the Marion County jail bonds due August
1, 1897. ’
Memphis, S o.—B on d Issue .—It is reported that this mu
nicipality will issue 12,000 of bonds to pay the cost of extend
ing the water-works.
Milwaukee, WIs.—Bonds P r o p o s e d — A resolution has
been presented in Councils, providing for an issue of bonds to
the amount of 1100,000, to be called ‘ 'Garbage Disposal
Bonds” , under authority of Chapter 288 of the Laws of Wis
consin for the year 1897.*
Monroeville, Ohio.—Bond E lection .—An election will be
held in Monroeville on August 17, 1897, to decide the question
of isiuing water works and electric-light bonds to the amount
Of *26.510.
Mt. Vernon, 111.— B on d Sale .—School bonds to the amount
of |2.000 were recently sold to Farson, Leach & Co. of Chicago
(the only firm asked to bid) for par and *25 premium. The
bonds were issued for the purpose of building a school house
for colored children, and will be dated July 1,1897. The in
terest will be at the rate of 5 percent, payable annually at the
First National Bank of Chicago. The principal will mature
in 1913 and 1914,
Meant Vernon, N. V.— B o w l O fferin g .— Proposals will be
received until 8 o’clock p. M. August 2,1897, by the Board of
Education of Mt. Vernon, for the purchase of *40,000 of
school bonds. These securities are issued pursuant with Sec
tion 229 (k), Chapter 10, o f the Laws of 1894. The loan will
be In the form of registered bonds of |l,000 each, and will
bear interest at a rate not more than 6 per cent and at the
lowest rate at which any person will bid par. The interest
willl be payable semi-annually, both principal and interest
being payable at the office of the City Treasurer. The bonds
will be dated July l, 1897, and will mature at the raw of
15.000 annually from July 1,1931, to July 1, 1938, inclusive,
B on d s A uthurizrd —At a meeting of the Common Council
of Meuat Verson July 26. 1897, a sale of $50,000 of tax-relief
bonds was authorized.
Newboryport, Mass.—Sale P ostjtom tL —We are advised by
Mr. J. V. fViker, City Treasurer of Newburyport, that the
sate of the 1375.000 of 4 tier cent water bonds has been with
drawn for the presenr. The securities will in all probability
be offered again for bids in the fall.
Sew York CU j . — Bcnvl Sale .—The following is a complete
official list of the bids received on July 29,1807, by the city
of New York for the $10,053,017 27 of
per cent gold bonds
and stocks.
The loans were awarded to Vermiiye & Co. .and Kuhn,
Loeb A C o., who bid for the entire i-sue at 105-012BM,
YermMfe JkCo.. 3km. tm k k >
Kuhn. Lo<st>& &>- New York > entire
All or none........................ lo&iui
I . P . M organ & Co*. N ew f o r k t
lfm rm IlMk 4
N. ¥ .A
fsif aittmM%mwxzwwt fioekhond#,
Blake Benia# Co.. New fork }
for wWeb.
mm hid
fitmrmaij
Co«2f» Y . . » , . $8S0MQ Of dock hottd*. --__ ............ 101**9
M$uhm.£tnn Trews
If* X. <,. !&*!,«#*}of street§
took .. ... I»*a*;is
C H. White St Co.. New fork.
,«joor»f
e?k or any l*»a©»f Tmiu ’S
tiki-Mf®c*f wafer sU>*:k .
J CM
rftSS?
‘text**!ofsc&ooj t u m m ... .... i&i*<mi
Th« CtoMlMi Tt, C#.. au*1
I m .if hroV*» M
t*
............... ioi 0tnt
of w»t»r-ma watoek. ............ i*v»*r7ll
i,
of mart hmm mmk
Joe, K.«evm. Buffalo.........
Bodolpb Klffirbolto 4
Ik?.. Yl&elnnatl
of
m/m of btlipe M
tmds j
Mf,oOwof hrldwe atoek t
................
f 10.V50
|106*-.6
°* 1W,W**•■ i 10i*v6
of ferWg#stock i
Iimdo
of bridge «ioekI
1104H9
US.CfOOrtf water stock ........... .*36
Ff#4#irtek Slwisnssi,
I
or mkf l»l« Issue__ _
... tOS*i«7
oranr WW bmm........l«!6*bT7
F. A rimwyw, Aclmtafatretor..
of w«t#f smdk......... .
imniui
«>
#fnidire stm-k ....... ... ...... ilT»X>
J. M, Wftp'imMniiafwfSial.L,. |
: c< -nd-»
........... U'd-1
tjFXtofd«*ektwnds
.......torU5
Trade V Ftrw T.hmHof '5 Y.,
>of
h
f
ld»fe
or
an
r
J. it vim4. .
...............
water sftookorttnjr iisuo*. ....1WO0
X*. A,,iMmti&mithTmskm-.... «,®!0 of school -In>fjsebonds. ....
fLJ,
.......................... 15,<110water *tr»ckor anr tssne,.... . ,101*00
KWOtftiMfctends. ....... .. .... .. I08-50
8,000of dock boo#,
.......,108*76
8600 of dock hoadiL................
106*875
?*.«>o of dock bonds ................... . 1OT00
Wmnl ObetTMiorf, N. Y....
&.OW)of dock bemde.
.......107*186
-f (I.hk bonds...................... 107*26
8.000 of dock bonds— ............... .107*60
6.000Of dock bonds....... ...........107*76 ,
100.000 of water .shook............ ....., ,10.1*28
©t tmy Isffioe.of 1 0 1 8 - , 1 0 4 * 3 0
MMr.,9..1IUn-**r.»k.of S.r. ‘
or way Bkiigof i*»18
104*00 ;
er-inf Issb« of 1927., ...........106*785
80,0h«|
iH
rtd
if®
s
to
td
E
:
p. r. cm m itr. .................... ...
brl*Weatoek ,.,,.,..,,*,.,,....101*87
Lents Van Ceofc Sew York....
#806of Wffitif s L l c k »B.7 Issa©..,..100*00
F, A. kmwrer, A«fra„ Weverly.
26,000-of wafer s t & e k . *• ,.,. 105*78
AmmmmCo, of Amm>, 2f.Y. | 25,000
r.f dock bond*......... .
107*80
m jm
National Standard Id.,. Co... |
C. B. Richard 4 Co.,New York. 30,000 of dock bonds.....................
Bank of Montreal.................
100,000 of dock bonds.......................
TI.eWasWnstoaTr.CD.,N.V.J igg^gg
205
Bid.
107*05
107*30
^
„ a
(100,000 of water stk. or anyissue of 1916*101*75
Maitland, Coppell&Co., h.Y. I
or any issue oi ■918;........................ 101*88
(
or any Issue of 1927.................
102*36
J* P. Morgan & Co., New Yotk.1,018,029 47 of school-house bonds (all or
none)
............................103*50
f 50,000 of dock bonds ......................
107*07
Belize, Stern & Schmidt, New j 50,000 of dock bonds.............................106*83
York....... . ................. . ..
50,000 of dock bonds......................
106*4^
i 50.OOOof dock bonds....... ................... 106*21‘
Scholie Bros*, New Vorfc...... |
^
WMtebouse & Co. New York.. 50,000of dock bonds.................... ...... 105*00
W
j VX>.<mot dock bonds...........................107TB
P. White. Brooklyn............ {
- T
.. v \ 20,000 of water stock.or any1918 Issue. 104*08
Lafayette Fire Ins. Co., N. \ <
or any issne o f 1918.,. ............. 105*35
t
or any issue of 1027.................. .106*77
f 100,000 Of dock bonds........
108*77
} 100,000 0f dock bonds.........................
105*00
Roistoa & Bass, New York,.
iw.ooo of dock bonds...... . ..................105*76
j loO.OOOof dock bonds......... ............... .105*56
v 100.000 of dock bonds .......................... 105*33
Ulman Bros., New York......... 106,000 of water stock or any 1018 issue. 104*125
f 1,600,ooo of water stock ... ..................... 104*01
,l
oitliiilMoaot 11127........................ lo s-«
The total am ount o f the bids was $26,655,564 01.
Bonds A u th o rize d .— \ t a m eeting o f the Board o f E sti
m ate held July 37, 1897, an issue o f $1,315,000 bonds w as
authorized for school purposes. The m oney w ill be spent
in the purchase o f school sites, th e erection of school
buildings and for repairs and additions o f present property.
It was also decided to issue $85,000 o f bonds for fitting up S t.
John’s P ark ; $175,000 for private property needed for the T hird
A venue Bridge and $100,000 for in ju ry done to property
through changing the grade of streets above the Harlem
River.
North Tonawanda, N. Y,—Bond E lection —The tax-payers
of North Tonawanda will vote August 21, 1397, on the ques
tion of issuing a $10,000 loan to he used iu building a city
market,
Oakland. Cal.—B on d O ffering .—Proposals will be received
until 850 P. M. August 18, 1897, by J. W. Tompkins, City
Clerk, for the purchase of $140,U00 of 4 per cant refunding
bonds. The securities will be dated 8 plumber l, 1897, and
the principal will mature $8,500 annually from September 1.
1897,
No bid for less than par will be received and a certified
check, payable to the order of the City Clerk, for 2>.j per cent
of the amount bid, must accompany each proposal.
Oherlln. Ohio.— B on d O ffering ,-Proposals will be reoeived
until August 18, 1897, by tne oitv of Obcriin for the purchase
of $15,04 0 of paving bonds,
Oneonta iN. ¥.) L'nion Free School District No. o .—B on d
S a lt.—’t h e following bids were received on Julv 29, 1897, for
the $9,000 of 4 per cent school-house hands offered bv this
district.
bid of $220 premium and accrued interest to date.
Oswego, .v. ¥'.—Bon>i S a l e .—On July 28, 1867, the city of
Oswego awarded the $11,738 80 of I per cent improvement
bonds to the Oswego City Savings Bank, who bid 100-92,
The securities will be dated August 1, 1897: interest will be
payable semi-annually on the flrei days of April and October,
and the principal will mature* at the rate of $1,467 10 per
aunum from August 1, 1898, until 1905, inclusive. Both
principal and interest will be payable at the First National
Bank of New York City.
Oyster Hay, N. 7 .—B on d O fferin g .—Additional particulars
are at hand concerning the offering for sale of $50,000 of 4
per cent road-Improvement bonds reported by us last week.
The proposals will be received until 1 o’clock P. M, to-day by
the Town Clerk of the village of Oyster Bay, The bonds are
part of an issue of $800,OOo authorized by a vote of the peo
ple on April 8, 1897, and pursuant to au act of the Board of
Supervisors of Queens County, passed April 31, 1897, The
aeeuriti,« will be of the denomination of $500 each, and the
principal will mature June 1, 1927.
Each bid must be accompanied by a certified check on a
State or National bark for the sum of $5,000, payable to the
order of Sanvl J. Undernili, Supervisor. Jericho, N, Y. The
present bonded debt of Oyet ir Bay is $30,000 and the assessed
valuation $3,000,000.
Polo Alto, Pal.—B ontte P rop osed .— It is reported that the
city of Palo Alto has under consideration a proposition to is
sue $80,000 of bonds for the construction of a sewer system.
Pen Argyl (Pa.) School District — B on d O ffering — Pro
posals wilt oe received until 7 o’clock p, M, August 2, 1897, by
the Secretary of the Pen Argyl School District for the pur
chase of $8,009 of 5 per cent bonds for the building of a
school house. The interest on the securities will be payable
semi-annually at the First National Bank of Pen Argyl, in
lawful money of the United States, and the principal will ma
ture in 1917. Rahway, Pf. J . — B on d s P rop osed ,—The Common Council of
Rahway is considering the issuing of another loan of $16,000
for the purpose of building a new school house.
Raritan, N. J .—B on d E lection .—At a meeting to lie held
August J8, 1897. the taxpayers of Raritan Township will vota
THE CHRONICLE.
206
on the question of issuing $0,000 of bonds for the erection of
new schools at Menlo Park and Metuchen, and to increase the
seating capacity of the ones at Highland Park and Metuchen.
Ruckanuy Beach, N. Y .— B on d S ale .—On July 28, 1897, the
$57,000 of street-improvement bonds of Rockaway Beach were
awarded to Beitron & Storrs of New York at their bid of par
for 5 per cent bonds.
Bnshford, Minn —B on d O ffering. —Proposals will be re
ceived until 12 o’clock noon, August 14, 1897, by the Board of
Trustees of the village of Rushford for the purchase of $2,300
of 0 per cent bonds, to be issued under the provisions of sec
tions 1232 to 1235 of the General Statutes of 1894. Interest
on the securities will be payable semi annually, and the princi
pal will mature as follows: $300 on August 1,1898, andtberemainder at the rate of $500 annually from August 1, 1899 to
August 1, 1902.
St. Francis Levee District, Ark.—Bonds P r o p o s e d — Men
tion was made in the Chronicle of June 26, 1897, to the Act
authorizing $500,000 of levee bonds. Mr. John B. Driver,
President of the St. Francis Levee Board, writes us that the
Board cannot put out the bonds until the Government gives
them sufficient funds to finish the whole system. As the dis
trict received only $77,325, the bonds cannot be issued as in
tended. The Levee Board will proceed to let the contracts,
and after the completion of the work will sell bonds to retire
the levee warrant<in accordance with the present law, which
allows the issuing of bonds to take up indebtedness. It is ex
pected in the near future to float some $300,000 or $400,000 in
this way.
Salem, Ohio.— B o n d O ffering .—Proposals will be received
until August 10, 1897, by F. W. AllisoD. City Clerk of Salem,
for the purchase of $6,500 of sewer bonds.
Salt Lake County, Utah.—B on d S ale .—The following is a
complete list of bids received for the $120,000 of 5 per rest
funding bonds the sale of which was recorded in these
columns of last week:
W . S. M cCorm ick, Salt L ake.......l o t ‘03
D ietz, D enison & Prior. CJeve...103-78
D esert N ational Bank. Salt LakelOS'50
halt L a k e V alley Loan i Tr. Co.103'503
N ational Bank o f th e R ep u blic,
Salt L a k e ....................................... 102'50
T h e L a m p rech t Bros. Co., C leve
la n d ................................................. 102125
San Jose, Cal.—B on d s A u th o riz ed . —High-school building
bonds to the amount of $75,000 have been authorized by the
City Council of San Jose.
Seranton, Pa.—B on d s A u th oriz ed .—I t is reported that the
citizens of Scranton have voted in favor of the issuance of
$25,000 of bonds for water works and an electric-light plant.
Sharon, Pa —B on d Issu e. —It is reported that this municipaltity will issue bonds for the construction of water
works.
Schoolcraft, Mich.—B o n d N ews. —A report was. current a
short time ago that Schoolcraft had decided to issue water
works bonds. On inquiry Mr. J. W. Budover, Village Clerk,
informs uMhat this report is without foundation.
Sioux City, Iowa.—B on d Sale.—According to press reports.
Sioux City, Iowa, has awarded Abel Anderson the $256,000 of
JJ year refunding bonds. The award was made on a bid of
5 per cent, although Mason, Lewis & Co., of Chicago, offered
to take them at 4J£ per cent.
South Hadley Falls (Ma^s.) Fire District. —L oa n A u th oru a sPec*al meetiog of the fire district held July 26,
lbJ7, the Treasurer and Prudential Committee were auth
orized to borrow $10,000 to pay the cost and expenses of pro
tecting the head-waters of Buttery Brook reservoirs. The bonds
t0 _}?e issued pursuant with an Act of the Legislature of
l'bJo. I he loans will bear interest at tbe rate of 4 per cent,
payable in either Boston or New York City, and will mature
in ten years from date of issue.
Spencer, Mass.—B on d Sale ,—The town of Spencer has
awaided the $20,000 of 4 per cent sewer bonds to Jas. W.
ongstreet & Co. of Boston at 103’758. The principal will
mature in from one to twenty years.
Springfield, Mass.—B o n d Sale.—The following is a com
plete list of bids received July 27, 1897, for the $35,000 of 3^
per cent gold improvement bonds:
S if t ® B rV8'a^ C ° - B o s to n ..........102-31
<*>.. Boston. .......102-209
T V h i^ t 7h;«H ou?e^ & Co « Boston. 102"237
B ank- B o s t o n ... 102-199
D u n scom b & Jeuu ison. N. Y ___102-17
-tv. L. D ay & Co., B oston .............102-109
■i^8nrP£rrke£ & Co., B oston .......... 102-139
S i J ? •H arris & Co.. B oston ........ 102-07
■
I?Je n ‘ ? o n & P rior, B oston . 102 0*3
K e n r y H . Skinner, Springfield. . 102-03
Jas. W . L o n g stre e t & Co., B o s ..101-92
A d am s & Co., B o s t o n .................. 10195
C. B. W il bar, B o s t o n ....................101-92
Blodget, M erritt & Co.. B o sto n .lO lxe
E. H . tiollins & Sons. B o sto n .. 101 65
C. H. W h ite & Co., N ew Y o r k .. .101 -f>5
E d w .C . J o n e s Co., N ew Y o r k .. 101*05
Street, W yk e s & Co., New Vork.101-05
W . I. Q uintard, N ew Vork.......... 100*79
The bonds were awarded to Blake Bros. & Co. The bond
are secured by a sinking fund providing for the payment o
" ‘f ®am,e ” Maturity, and are in the form of registered certifi
iso! 8 ■ . $1,000 each, or multiples thereof, dated August 1
W ill, interest will be payable semi-annually on the first day
of Febniary and August, at the office of the City Treasurei
ana the principal will mature August 1 , 1907.
Stockton, N. J.—Bcmds A u th o riz ed .—It Is reported tha
r ip
of,
haa authorized the issuing of $26,001
> 1C year and $24,000 10-year 4 per cent bonds,
County, Texas.—B on d Sale.— The $32,000 o
h ' , ® e, and bridge bonds issued by Stonewall Count
,
, aken by the s ta te of Texas.
issue ofel 3’ nnn0^ “ V—B? ” d N ew s .—Regarding the proposer
of fctrett improvement bonds mentioned in las
M aL d T ? 1?’ we are infortned by the Town Clerk o
tiTo.
aJ loans are made with their own people am
m a t th e tow n does n ot g o outside fo r the m oney.
i n e ^ w ’ N’ } j ~ n ale P ° stPoned .—Referring to the ofler
in last week’s C h r o n ic l e , soliciting bids until July 26
mg
[V o l. LXV .
1897, for $100,000 of 4 per cent school bonds, we are informed
by E. F. Allen, City Treasurer, that, owing to the temporary
suspension of one of the official papers, he was unable to
comply with the resolution authorizing the sale, which
required ten days’ publication. Proposals will therefore be
received until 3 o’clock p. m., August 9, 1897. Tbe bonds are
4 per cent school bonds, and are issued under authority of
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 July at the Union Trust Co. of
New York City, and tbe principal will mature as follows :
$20,000 in 1901, $20,000 in 1902, $20,000 in 1903, $20,000 in
1904, $20,000 in 1905. Proposals must be for not less than par
and accrued interest.
Tamaqna, Pa .— B on d s D efea ted .—On July 23, 1897, the
citizens of Tamaqua voted against the proposed issue of $50,000
of bonds for the improvement of the water works,
Thomaston, Ga.— B on d s P ro p o sed .— The town of Thomaston contemplates the issuance of bonds to erect an auditor
ium. As the next General Assembly of Georgia must auth
orize the issue, they cannot be offered for sale until October
or later.
t ottenville (S. I.), N. Y.— B on d S ale .—The following are
the bids received July 28,1897, by the village of Tottenville
for the $30,000 of 5 per cent water bonds :
N . W . H arris & C o., N ew Y o rk ,...125'312 I J. & W . Seiigm an & Co, i f . T . ...123W hann & Schlesinger. N. Y ........122*50
E. B. U nderhill, N ew Y o rk ........... 121*50
1. W . Sherrill. P ou gh k eep sie___l23"/2 | W ils o n & S teven s. .Yew Y o r k ... 122*41
R u dolp h K le y b o lte & Co..............122*51
D an'] A M oran & Co.. N. Y...........120-50
G e o .M .H a h u , New Y o r k ............123-40
B en w ell & E v e ritt,N e w Y o r k .. .120-50
W alter Stanton & Co., N. Y ----- 123-46 I F arson, Leach & Co., N. Y ............ 118*71
K .C Jones Co., N ew Y o r k ..........123 29 ' L elan d . T o w le & Go., B o s t o n .... 118*50
C. H . W hite & Co.. N ew Y o rk .. .123*28
R. L. D ay & Co., N ew Y o r k ........ 117*09
B ertron & Storrs, N ew Y o r k ___123*25 1
The bonds were awarded to N. W. Harris & Co. The se
curities are of the denomination of $590, dated July 1, 1897 ;
interest will be payable semi-annually and the principal will
mature in 1927.
Troy, N. Y.— T em p ora ry L o a n .—The city of Troy has nego
tiated a loan of $150,000 with Dunscomb & JennisoD on a 2}^
per cent basis. The loan will mature October 20, 1897.
Yicksbnrg.Miss.— B on d S ale .—The city of Vicksburg has
sold $17,000 of 5 per cent 20-year school bonds, $5,000 of which
were taken by local investors at par and $2,000 at 100'25. The
balance was also sold at par, but the names of the purchasers
are not furnished.
Washburn, Y fis.— Bond S a le .—On July 26, 1897, W. J.
Hayes & Sons, of Cleveland, were awarded oy the town of
Washburn the $45,000 of 6 per cent gold bonds. The secur
ities are dated July 15, 1897, and forty are of tbe denomina
tion of $1,000 and twenty of $250 each. The interest will be
payable semi annually, and the principal will mature at the
rate of $3,250 per annum, beginning with July 15, 1898, and
ending July 15, 1917. both principal and interest being pay
able in gold at the Illinois Trust & Savings Bank of Chicago.
Wauwatosa, Wis.— B on d s A u th o riz ed ,—At a meeting of tbe
Common Council of Wauwatosa, held July 20, 1897, it was
decided to issue water bonds, to bear interest at the rate of 5
per cent, payable semi-annually. An attempt will be made
to get water from Milwaukee, and in the event of failure
artesian wells will be sunk.
Westerly, R. I .— B on d O ffering .—Proposals will be received
until 12 o’clock noon, August 24, 1897, by A, H. Langworthy,
Town Treasurer, for the purchase of $300,000 of 4 per cent
gold bonds issued for the purpose of purchasing and extend
ing a water-works system. Tne securities will be in the form
of coupon bonds of $1,000 each, witb provision for registra
tion as to principal or interest, or both, at the office of the
United States Mortgage & Trust Co. of New York City. Tbe
bonds will be dated September 1, 1897 : interest will be pay
able semi-annually on the first days of March and September,
at either the United St ites Mortgage & Trust Co. or at the
Industrial Trust Co. of Providence.
Tbe principal will mature September 1, 1927. A certified
check for 2 per cent of the total amount of the bid, and made
payable to tbe order of the Town Treasurer, must accompany
each proposal.
As attempts have been made to question the right of the
town to issue these bonds, it seems proper to say that the
legality of tbe same has been passed upon by the Courts,
thus removing doubt on that point. Mr. Walt ;r H. Barney,
of Providence, attorney for tbe tw n , informs us that the
cises of Peabody, et al., vs. the Westerly Water Works and
agaiDst the town of Westerly were heard before the Supreme
Court of toe St3 te July 3 and decisions given within a few
days thereafter fully establishing the right of the town to
purchase the works and to issue its obligations for $200 ,000 ,
tr be usid in the purchase of the works and the extension of
the same. In accordance with these decisions final decrees
were entered, so that the matter has been settled by tbe
highest tribunal in the State.
West Mansfield, Ohio.— B on d Sale .—The following is a full
list of bids received on July 26, 1897, for $3,000 of 6 per cent
6-15 serial City Hall bonds:
S eason good & M ayer, C in ........ $3,251 75
W. J. Hayes &Sons, Cleve.... 3,246 00
R og ers & S o n s ............................. 3,183 00
First N ational Bank,C olum bus 3,157 60
T ro w b rid g e & Co., C h ic a g o .. . . 8,137 50
T h e L a m p rech t B ro s. Co.. Clev 3,125 10
U nion B ank’g C o ., W .M ansfleld 3,035 0
The loan was awarded to W. J. Haves & Sons, as they
agreed to furnish blank bonds and pay all other expenses in
addition to their bids.
TH E
J uly Si, isal.J
C H K 0JN 1CLE.
207
Weymouth, Mass.—Bond Sale.— The following is a list of
Walling ton. N\ Y.— 3on<ia P ro p o sed .— This town proposes
to issue bonds to the amount of $-32,000 topav the cost of mac bids received for the §50.000 4 per cent ten-year school .tumd&L.
n.
W
,'Howland, Boston...........104*18 C B, WtIDar..........
adamizing the roads,
BlakoBros. * Oa. Boston........ lO.rSl N. W. Harris * Co.. Boston...... 108-H8
Geo. A.yeraala&co, Boston.... 10485 R. L. Bay & Co.. -Boston..........108-81
WUlimanlie. <’onn —L oa n A u th o riz ed .—At a special town Cushman.Fisiier .V l»aet(ra,Bos.. .108-63 E. C. Stanwooa * Co., Boston ,. .108-19
Estutaools A Co., Boston...... ;..UMg Mats. Denison &Prior, Boston. .108-17
meeting, held July 24. 1897, a resolution was passed instruct Jose.
Parker &to., Boston...... 108-39 Bloclstet. Merritt &Co,. Boston... 108-16
ing the selectmen to borrow sufficient funds to meet sundry E.M. Rolfns
A Sons, Boston.... 108-87
the bottda were awarded to D. W. Howland.
appropriaiions recently made.
w
m
to
x
s t m e
d
m
city
m
r m
i m
m
,
In tb- following Index reference is ma.se hy the page number to every Item regarding State, city, town or county finances which has been
published in the present volume of the CraostClK. For Index to Items in Volume lit (excepting those given in the Issue ot June 26), see
Chromici - ,rf .iune 26, IsiiT, page 1211. iron. in the mi, re,it number are not noted in the index. pull-face types refer to latest reports of total
- index will be pubtiabed in the Htatr *sd City Dbpautmbxt of the Ohkoniclk on the last Saturday of
each month Items marked •Wilt be found to Volume 64, Issue of June 20.
36 East Liverpool. O........
36 Great Birriogton Fire
Beverly, Mass.........35,
. Ches’er, Fa............
Dial net. Mass ......... 166
Bfdtteforft, Me......... *123* Chester. S. C..... ..... 36 K^l Williamsburg* N.
A S Z % eCo~FruitUale
Binghamton, N. V.,..... 1A& Chicago, III— .... *im 221
Greene Co.. Ind-... .131. 166
Mb Hist..Cal..........
HO Green Island. N. Y.....
36 Elisabeth,' Pa..'.'..
Black Hawk, Col........
m Oarke*cfUe. Tenn.......
36
Amur, >- Y.....
K
lrriu.
(>
m
Clarksville,
G
a
.
\m
*1i 1‘3. 35, tti BlalrssvtlSe School Dis
trict. F«.........
m Clay Co.. Mian.......
M Emery Ox, Utah.... . *1239 O ’ alloweli. Me.......... 166
m
A&mhms, p«i .*im* 35,
SI
as Blanchester. O...... - 80, IS! : nearflehl. Fa...... ..... 26S Euta%v, Ala- ...... ..... *1239 Hammond, Ind
Allen Co., Iml
Colfax Co., H. M..... .. SO■EvansIon, 111............
*1 Hanover ami Sheridan
AMmtmm, Fa.......... Mh ic& : Bloomington. Sch. Dis
trict. ns.................. 4i College Point, N y SO, 2m Everitt, Hms_____ ... SI Twrp. Seh. D. No. 7.N.Y. 166
m
AOhmm. a-..,.., . ....
Blnomsburg. Fa. .. 125. 165■r^iomdo. -• ......
3»?
Harnett Co.- N. C ... .81, J66
Ammm4». Moat - ---:
. Boomon 8ch. l>hi . K. J. 35 : Colamhns, Miss... ......
56
W , Va. ...
36 IHrcford. Conn,.......... JHl
Aodersou O k. a, C.'M, s»&
leg I jjll River, Mass...... HIQ Hartford Co.. Conn___
36
p t ItoohvtH#, Mo......*1228, SO1Colurahus. u . . .
Jtoderson* Uni........
Cotim-n^V'llo. Pa,ri.
m Earley. In.... ....... .... *12M»
School District
ee
iaoia Co.. Mint*...-...-.-. IK
.......... 16-5 Owr®n ( ‘oiintf. Terns... m ■Far Iwekmmf, X. T.,
Sch. Disc No. IS. N. Y.
Aasla, Mmm . ........ !•tim No. F wi*
Ovrmmort.
Kr....
2
6
S
W
fss
„
al
i
ur.iu
s«i
81, 16^5
Aormm hf’tho Sum,
CmftOB. Fa ....... , n tm Fayette Co.. Ky.... :s6. *| Henderson, Ky ... .....
Boston, Mass............ W
m
$T«Y.rr
Crafton Seh. !>l*u *hi
t«5 Fergus €*■*. Seh. Illstriet
Hraddo. fc. F*........ . .
He«nlerstwfe. Minn ....... HJ6
Asth.hureiiam, Maks*.
Tw|,„ x j ..... «|W ’ X*. 15, Moat........
Brevart! Co.. JRa. .... *125* t
166 High Point. XC,-......
♦ISSS,
3«
Crmmern.
It.
i
____
...
Flushing,
X
Y....
‘
IW.
ik«*ton. Ala,.....
so
111nshon>. Tex ........,’•1239
iliM
*"*-........ ,.
SI, 34, 166 Hoiisnsbnm,u, .........
Region. M»»* ......... M% Cr«>“t*m la . ....... ,. 166 :
Ashland Wi« ,
si
!,f! Carweas'rilk?, Fa. .... $8 . Flnsh|r.KSchool m*tr\K
lUtmklmrm, Mhm.,.,
............
iff
Aum ttecu?, x j,ncz%
bo.r^x
y.......
*i259
1
6
6
:
i
*
Holly
Spring-*. Miss. ... 166
A ttimrn. Me .. *1238,
36
suBhory.
....... IM Pmnkiln C»>., 0 ,,.»..... *lvH9 ' HolyoU*.
N*. f ...
AmbUh. Ye*
24. IfC m D aaver*. M ass......,., *125i* Freeflom-, !*».. ......
1 IM
J Homc^tnad School- Dis
BuHrvtk
Ala.. . ....... tm f>*jrP»n Sch. r.»Dt. 0.,*fc ♦If3&
* "Wt&ftimotK Ud ......
trict, Cai .............. Iff
...... I-iA /3«ineitvin«, CJa...,, ... $l Hought-on. Mieh....... *V2m
ffurltuetuh. ¥t... .-«*-*»
35^;•
J^mmkATwp^ Fa,.,,.,...
Dto-kerc>wn, X . J,..* ...
166 ' iTattipoiKOhio...
*l«y8
■• 121 Hudson, Mass ... *1240. M
ih-P%. c.f ............. U2 ,1 ‘* Gal?eston, Tes... ci
aHiosa Cik. AhA* ****-» 11 Btiif
Huntingdon, Tm&...... 123
!5 mS Creel.'isti*'" L ntriH r ttJ
ec c.,i,...
. ia»
sthri'lsf*-*. Mass „ ... Ifl
HI. 125
Bay City, Sh'-h. ,
M'©........ ....
•I2M8 ( ambfirtge O..... . .... •lf?» Iwa«la.« Co., Neb..*,.,,., if! >
36 . fhdlaha.... *1240
1SP1? BowauRkr,Mleh...... .. 1 it t - Gisniner. Maas ......... 121 : IndlauftpAlis, Lad. ..
86
m Fa«rs4e»( S, J-.-«•,#♦*
*1486 Bmpi-mie, Fa...
3S Glen Rite,
Ironton, Ghlo ........... 122
gayooa#, V ?*«£ ........ nil Caraerott. W, 1'*,.,
ct, tfl . Irvimttutii lad,..,.*12*0,
C.>„ T* -----*0
isi. <
BttKftaNk. 55*©
0 toaoe«|«r. Maas..n*3»,
Better Co.
Dt**
Ctt«v. t? «0 F'SitOhf-tvr. K„ y
/aurtClev«hu»ii. o.....
» ■
96, IM ■ Tnek-son. Miss,...... 122, 166
C*rrlimt<gti- .School D&irtei No. Mum.... -...
rinuifiRs, Md»«,
m
Bedford City. V*........
Oily*Mo ■
*1239 - *1 nek-son,..Twts»,.. .... 122
*'i»5**
x. r>,,,.......
Gram! Haven Mich,,... 166
35, Khft
$$ C*iihaste, u .
School Wimmmm Co,, si. <
1.,.......
IT*. •!»*«,
362 iir&tul Rajhds. Mtftfa..... * « »
rf?*lar Ita^tda ttt......
41 Irtet, X T,,..........
Bethkd^-m,
n$.
30*81,122*
0.
Kfib^***
N E W
$ 7
B o r o u g li
N E W
L O A N S
L O A N S .
N E W
!# * d .% ,0 0 0
0 ^ 0 0 0
# 1
o f B e th le h e m , P a., V i ll a g e o f C o lle g e P o in t, N . Y .,
T ow n
5*30
4
BONDS.
4
Uni MnimfdCntmniiisie *>f the Bnr»n*h of Belli*
lehem, Pa., hereby Invites bid* for the nar*'ba«e of
whole €*r any f,m% i--f ils-« $75*099 ordered-fey
Ontaoii No, *5, f*>rthe porpom of ma—ilsmlilrnr
street#. B-IS# wtli he received by the Treasurer or
Ftnanee Committx-e ma.sil 12 yVlossk noon, ACGCST
2. lip', when nil bids will be opened:. Bid* are invstdl for the porelxaxe of any «»r the whole Imm*., or
for the whole atnmint, the pureha«er to take bond#
thh
to fern hHtsied w* money I* needed by said b*«rt»tnfh
whole am*iiinf to beMill prevbm# to SKl'T'FXBFIi
I, W . Cornsns bumts w«| b« Dtned SEPTEMBER
t, H#?*. Ind**tir/£Siina!b>n#of
and
payetsie
tmS-to 2®y^Cs, Fr##; of lajte#. Intertst payable by
the Treasurer. wnit-anaaiUf, hep i ember 1 end
MARCH I, The right to reject any of all Mil*is
-fdMfwatL
II. 1C
tTiaJrwMib.
TH09L LAI BACH,
M. K. MrSSEl.MAX
iTttanee Commltfee,
W* B, Mrti¥,y Treassurer.
AD AM S
&
COM PAN Y,
W ater-Tow er
The I m M at Trasten of iho T fflw s ot. M
4
part- oi Tw raiy-fiv#
M UNICIPAL
H um ®
Forty-Yfmr
President otT own Couneti.
In vestm en ts a Specialty
Attest! FREEZE QUICK,
Secretary,
Wall
S T E P H E N S ,
Street
New
Investm ent
G o v e r n m e n t and
Now York Sari 1198 Ba»k investment.
BO U G H T
AND
TtiR.VlSHBb rOR TUB PORCH A* K. SAl.B OR
EXCHASOE OP ABOVK SBCCRiTiB*
tTSTS OX APP1.U ATIOK.
W.
H ARRIS
Bonds
t i m
SKST
&
and
B a n k s
T ru stees.
UP ON
C O .,
H a nk * f C o m m e r c e B i d * . ) ,
R .
L.
D A Y
GOLD 4 s .
Dated duly 1,1807. Due July 1,1012. Registered or
Coupon. Price on application.
E.
S a v in g s
APPLICATION
MEMBERS OF BOSTON AND NEW ^©P*
STOCK EXCHANGES.
BASKKBS,
4 1 SA*>*i*r ‘ ‘ T ,
Y ork
SOLD.
APPRAISE# BMT3 MADK OR QCOTATlOJfS
N.
N e w
C I T Y O F P O B T L A IY D , M E .,
York.
FOB
M unicipal B on ds
„
8 3 0 0 , 0 0 0
&
W I L S O N
41
B O S T O N ,
BONDS.
B 1©ottt»h«rg, IV uuayi v m i in ,
M.e'®'&-ers of B*4«£*>r* Stoek. Ercfeaitife,
N o. 7 C on gress and 31 S ta te S tree ts,
Pa,
Per C>j»i lVn«er*Tower lf*ndt* *:»! «W
Vllfcs#fv»**
by ClmfAm.Wf of thnl*sw#nf £M»I*4 |>r>:*oofTiii will be received uttill August
thb -Stilts«tf New Ybrk w* IMS?,
Wdi are Invited:
will kNun^-y^d by i&etra** -’•tb. at ":m V. M.. at which time, at the Connell
of the Town of Bloomsbury, the said bids will
taiiofiifai Vlilae* at their r«iai» its ^bnpegsBnit®
Iw titmmil for the purchase©f flfi.OWFOUR PER
lisHHotn*OeWkigePolar. N. Y.. n# to
CENT TOWN BONI»S, ©r any cart thereof, of the
o’clock F. Kfi* Aiififont fltli, 1Hitf,
--‘id Town -T Bb^.m-burjr, CnlumWa County, Pan
when end where nil bids will he opened. All propo !A«u**d by the President and members of the Town
sal* most be •rvrtsmpanied by » certified cheek drawn Council, pursuant to the provisions of the Aei of
to the order of F. ILCLAIR. K#d.. VJfaiteTreasurer, General Amenably, approved April 26th, 1ST*.
for ftv*s pm^ cent of the amcmat. of the i*a#%the The mtd bonds will mainre l« twenty years, from
badabre tc* be wdd by the iUce*>M.tbl MiMtr when August 1st, 1827, the Interest to he paid seml-anbepd* are rvaijr for delivery arid upon«oeh delivery. :wuallv oa A«pit*t 1st and February 1stof each year,
Til# board .reserve* the right to rejeet any or all »t the office of the Tywn Treasurer. All Slat©tax to
he paid by the Town, Ail bids to fee addressed to
led#.
_________
A. N. Yo#t, Town Treasurer*«n<L toheaceompml^h
■with aoorrihed cheek for at least 2%of the totalNEW YORK,
amount of the bid. The rfecht is reservedto rejeefc
any or all hide,
w. ll, KOCHFR,
NEW JERSEY,
Four
SAVINGS BANK AND TRUSTEES
BONDS,
B lo o m s b u r y ,
p
C O N N E C T IC U T ,
HEADERS !H
of
5 , 0 0 0
Potet, S. Y.» hmohf Invile bid* im ih# wtmi#or any Prop©***!* fo r T ow n Bond* o f the T o w n of
BANKERS
IN V E STM E N T
Bonds.
L O A N S .
&
C O ,,
4 0 Wa t e r Street, Bouton,
T Manana Street, New Y ork ,
H.
ROLLINS
&
SONS,
19 Milk Street. Boston. Mass.
SA FE IN V E STM E N TS.
SEND F O R U S T
City and County Bonds.
D I E T Z , D E N IS O N & P R IO R ,
3 5 CONGRESS ST R EE T , - BOSTON,
IOM Superior Street, Cleveland O*
THE CHRONICLE.
208
INDEX
Jam aica U n. Free Sch.
D ist. No. l. N. Y .
...
Jam aica
U nion
Free
Sch. D ist. N o. 10, N .Y .
Jasper. Fla.....................3#,
Jefferson ville, Ind.*l240,
Jersey City. N. J .........81,
37
106
166
37
160
alam azoo Sch. Dist.
No. 1. M ic h ..............
81
K an sas.................................
122
K ansas City, M o ....... ..
12K e n t u c k y .:.. *1240,122.
166
K in g ston , N. Y .................
1*7
K ittanning. P a ................. *1240
K o oten a i Co., Id a ...........:
37
K
W Is..............
L aafaC rosse.
y ette, ln d ................
87
122
L a fa y e tte , L a ............... •■
122
L ake City. F la ....... *1210.
122
Lakeland, F la ............
167
L a M lrada Sch. D ist., Cal.
107
L a n caster Co. Sch. D ist.
N o. 137. N eb
.............. *1240
L an caster, M aes..............
37
L ansdale. Pa ...................
167
L a p orte Co., In d ..............
81
L a w rence, M ass................
81
L e e c h burg. P a ................. *1240
L e h igh ton . P a ................... *1240
L eom in ster, Mass............
122
L ew es, D el..........................
8]
L ew iston , M e....................
81
L ic k iu g C o ., O ...................
37
L im a, O h io ........................
122
L in d a V ista Irrigat. D is
trict, Cal.........................
81
L itch field T w p. H igh
Sch. D ist., I l l ..................
37
L ittlestow n . P a .. *1240,
37.
167
L ittle to w n , M ass........... *1240
L o c k H aven , P a ..............
167
L o ck p o rt, N. Y .. .37,167, 1 7 1
L o d i. Cal.............................
122
L o n g M eadow , M ass.......
87
L o u isv ille, K y ....... * j240,
37.
81
L o v e la n d . C ol.................. * 1 2 4 0
L o w ell, M a s s ..............81,
167
ison Co., M is s ...
M ad
alden, M ass.......... 37,
81
122
M anchester, N. I I — 37,
107
M anchester. V a ................
37
M ansfield. O ..................37,
167
M aricopa Co., A . T ..........
Hi
M arietta. O ........................
37
M arlborou gh, M ass......... *1240
TO
M arquette. M ic h ..............
M arshall Co., S .D ............
M eigs Co.. O .......................
M eriden, C o n n .................
M errim ack Co., N. H .,
*1240,
M ethuen, M ass.........
.
M exico. M o.......... 37.122,
M iddletow n, N. Y ............
M idland Purk, N. J ..........
M iflinburg, P a ...................
M ilw aukee, W is...*1240,
37,81.
M ingo Co., W . Y a ............
M ississippi.........................
M is s o u r i......................
M obile. A la ........................
M odesto Irrig. D is., Cal.
M on roe, N. C ...................
M onroeville, O .................
M ontpelier, V t — *1240,
122,167,
M organtow n , W . V a . . . .
M orris Park, N. Y ...........
M oultrie, Ga. ...................
M t. M orris. N. Y ...............
M yrtle Point, O re.......37,
81
107
*1210
37
37
37
167
*1240
*1240
167
122
167
37
81
122
37
122
*1240
171
167
81
167
167
107
arberth, P a .................
1> av a jo Co., A . T.*1240,
N eosho, M o........................
N eptune Tw p. N. J .........
N eptu n e T w p. Sch ool
D istrict, N. J ..............
N ew bern, T e n n
.........
New B rau n fels, T e x .......
N ew Britain, C o n n ... .37.
N ew bu rg, N. Y ..................
N ew burytjort. M a ss.122,
N ew Castle. Pa.................
N ew K en sin gton , P a . . .
N ew L o n d o n Co., Conn .
N ew Ph iladelphia. O hio.
N ew port, I n d .....................
N ew port, M e......................
N ew port N ews, V a .........
N ew R o c h e lle , N. Y.,
*1241,122,
N ew ton, M ass.............. 37,
N ew ton, N. C .............. 122.
N ew tow n. N. Y ..........122,
N ew Y ork, N. Y ..3 8 , 7 9 ,
N orfo lk Co., M ass. . .3 8 ,
N orristow n. P a . . . . ...........
N ortbfield. N. Y ................
N orth H em p stead, N. Y.,
*1241, 38.
*1240
81
37
*1240
C al...................
O akland.
cean City, N .J ............
38
167
122
107
82
167
*1240
107
*1241
*1241
*1241
122
122
*1241
167
167
82
167
167
123
82
3*
123
107
HIGH-GRADE
State, Municipal, County, Scliool
B O N D S .
&
C o,,
N . W . C o r . 3 d tSc W a l n u t S t s . ,
C in c in n a t i, O h io .
4 1 a n d 4 3 W a ll S t, a n d
4 7 E x ch a n g e P la c e , N . Y . C ity .
M A IL E D
UPON
O gden, U ta h ......................
O h io......................................
Oil City Sch. Dist., P a . ..
O neonta U nion
Free
Sch. Dist. No. 5. N. Y .
O sw ego, N. Y ....................
O ttaw a Sch. D ist., Ill . . .
O w osso, M ich ..............S8,
O w yhee Co., I d a h o .........
O xford, N. Y ...................
O xford . O ............................
O yster Bay, N. Y .............
D E P A R T M E N T - C oncluded .
167
35
107
R ock a w ay B ea ch , N, V.,
82, 123,
168
R o c k v ille , C o n n ................
89
Rom e, N. Y ........................ J 6N
R o s c o e , P a .........................
39
J67
123
38
108
108
168
38
168
abina, O h io........ *1241,
Saginaw
, M ich . * 1 2 1 I.
C.
*1241
*1241
Parnassas. P a................... *1241
P assaic Co., N. J ...............
38
P atchogu e, N. Y .............. *1241
Paw tucket. R . I ...................*1241
P eirce City S ch o o l D is
trict. M o ........................
123
Pelham M anor, N. Y .......
38
Pen A rg y l S ch o o l D is
trict, Pa............................
168
Ph iladelphia, P a ...*1241,
123,
168
Phoenix, A. T ................... *1241
Pittsfield, Mass.................
l« 8
P ittsbu rg. Pa................38,
123
P ittsfo rd , N. Y .................
3J«
P olk Co.. M inn................
82
P o r t Clinton, O................. *1241
P o r t G ibson. M iss........... *1241
P ort H u r o n . M ich .......... *12U
82
P ortland. M e .........*1241,
P ort L eyden, N. Y .......... '1241
P o r t R ichm ond, U nion
F ree School D istrict
N o. 6, N. Y .............. 39,
123
Portsm outh. O hio----- - .
168
P ortsm outh, V a .. *1241,
168
P ottsville, P a ............ 39.
io n
Q u i n c y , M ass................. *J241
U ahw ay, N .J .................
39
IV aleigh , n . C ..................
123
R a ton . N. M .......................
82
R eading, M ass................. *1241
R eadin g, P a .......................
39
R e e sv ille S pecial School
D istrict, O ............*1241,
39
Rensselaer Co., N. Y..
*1241,
39
R ichm ond Co.. N. Y ......... *1241
R ichm ond H ill, N .Y .......
39
R ichm ond, V a . . .*1241, * 1 2 4 3
R idgefield, Conn ..........
123
R iverside Sch. Dis,. Cal.
169
H. W H I T E
&
A P P L IC A T IO N .
W H A N N & S C H L E S IM E R ,
r p a r r y to w n , N. Y ............
40
JLaunton, M ass................ *1242
T a ylor, P a .............................*1242
40
T e n n e s s e e ..........................
T o tte n v ille (S. I .), N. Y .,
*1242,124
170
T re n to n , N, J ...............40.
82
$2 00,000
35.000
21 .000
75.000
7 0,000
75 .000
30.000
7.000
10.000
2 5 .000
5.000
10.000
6.000
15.000
10.000
2 5 .000
200,000
C O .,
P U B L IC
^
enia, O ...........* 1 2 4 3 ,
83
A 7 ou n gstow n , O......... 41,
125
S E C U R IT IE S
W r ite f o r L ist.
No.
66
Broadway, New York,
^ U Q ln ttv s .
31s.
Edward C. Jones Co.
1 Nassau Street, N ew Y ork.
421 C hestnut Street, P h iladelphia.
T e r r i t o r y o f N e w M e x ic o 5s,
Townsend Whelen & Co.,
Issu ed under and con trolled by a ct o f the U n ited
States C ongress.
P op u la tion , 200.000. A ssessed
value, $41,140,802. D ebt less than 3 per cent. W e
regard equally strong as bon d s o f th e G overn m en t.
D U E 1 0 -2 0 A N D 2 0 -3 0 Y E A R S .
809 W aln u t Street, P h iladelphia.
P ric e and particu lars upon application,
W J aco. T e x .....................
84
add in gton , N. Y .4 0 ,
83
W a d e n a , M in n ... 40, 124,
170
W altham , M ass.........124,
170
W are, M ass........................
124
W arren Co., N. J ..............
124
W arren , O h io ....................
124
W arren, Pa. ....................
40
W ashbu rn , W i s ..............
170*
W a s h in g to n ....................... *1242
W a sh in gton , G a ..............
171
W a sh in g to n C ou ntv, G a. *1242
W ash ingt on. N. C ............
83
W a te rlo o , N. Y ..................
124
W a te rv ille , M e .... *1242,
40
W at erville. M in n..............
40
W auaeon, O h io ____” 1242,
171
W au w atosa. W i s .............
40
W a v e r ly In depen d. Sch.
D ist., I a ............................
40
W averly, l a ....................... *1242
W a y n e s b o ro u g h , V a .. .
171
W elle sle y , Mass. ------ 41,
83
W e s t B a v C ity. M ic h ___
82
W e ste rn Irrig. D is t.. Big
Springs, N eb...................
41
W estfield , N .J ........ *1242,
83
W e stfie ld (Staten I s l
and ). N. Y ............ 41,83,
124
W e s t H a rtfo rd , C o n n ...
171
W e y m o u th . M ass............
83
W h eelin g. W . V a ............ *1242
w h ite fle ld , N . H ............
41
W h ite sto n e , N . Y.*1242,
83W h ite Sulphur Springs,
M o n t.................................... *1242
W illiam sburg, M a s s ....... *1242
W ilm in g to n , N. C ...........
171
W in ch e s te r. M a s s ...........
171
W in dh am Co.. C o n n ....... *1242
W ood h av eD , N. Y .............
83
W o o n s o c k e t, R. 1..............
124
W o r ce ste r, M ass..............
125
W n rtsb o ro , N. Y ..............
171
Edward I. Rosenfeld,
Y O R K .,
$ 15 5 ,00 0
124
170
S T ., N E W Y O R K .
$650,000
NEW
40
W e r t O h io ............
Y an
ic t o r .C o l.......................
S U IT A B L E F O R
PH ILAD ELPH IA
STREET,
F.
J.
P ic a rd ,
C O N S U L T I N G
E N G I N E E R
C O I .U M B U S ,
REFERENCES
MUNICIPAL BONDS.
E. C. S t a n w o o d & Co.,
O H IO .
Examinations and Reports Made focr
Bankers and Investors of Railroad, C oal
Mining, Oil and Electric Properties*
SE N T .
Jos. O. Osgood,
MASON, LEWIS & CO.,
BANKERS,
M. A M . SOC. C. E „
bankers,
121 Devonshire Street,
BOSTON.
1«0 B R O A D W A Y , NEW Y O R K .
B O S T O N : W o r t h i n g t o n B l d g . , 3 1 S t a t e S t.
__________________C H I C A G O : 1 7 1 L a S a l l e S t
W. J. Hay es & Sons,
BANKERS,
DE A LE R S IN MUNI CI PA L B O N D S ,
124
17ft
T T n ity Tw p. Sch. D ist.
U
N o. 8, O h io ................
Grand Rapids, Mich.................. 5s SAVINGS BANK AND TRUST
Bay City, Mich............................. 4s
FUNDS.
Saginaw, Mich........................... 4s
Fall River, Mass......................... 4s L I S T S M A I L E D ON A P P L I C A T I O N .
Chelsea, Mass.............................. 4s
Danbury, Conn............................4a
Far Rockaway, N. Y .................. 5s F a r s o n ,
Leach
&
C o .,
Rockland Co., N. Y ..................... 5s
Waterford, N .Y ...........................4s
C H IC A G O ,
NEW YO RK *
Berkley, Ya.................................. 6s
2 W a ll S t.
Topeka, K a n .............................. 5s 1 0 0 D e a r b o r n S t .
Spokane, W ash............................5s
Des Moines, Iowa........................6s
North Western Union Ry..........7s
Hereford Ry (Maine Cent.)......4s
M U N IC IP A L
S E C U R IT IE S .
Rapid Transit Ferry....... ........ 5s
H ig h -G r a d e W a r r a n t s a S p e c ia lt y
Detroit Railway......................5s
BONDS.
W ALL
T u sca lo o sa Co., A l a .......
*1242,
T y ro n e , P a .........................
IN V E S T M E N T S .
L is t W ith P r ic e s on A p p lic a t io n .
M U N ICIPAL
a
39
39,
123
St. A lban s, V t ...................
123
St. F ran cis L e v e e D is
trict, A r k ........................ *1242
St. Joseph , M o.*................
35
Salem , M ass.......................
39
Salt L ake Co., U ta h ..40,
109
San B ern a rd in o C ou nty,
China Sch. D ist., Cal.,
82,
165
San dersvllle, G a .............. *1242
Sandusky, O h io ................
123
169
Sandusky Co., O ......... 39,
Santa M onica. Cal............ *1242
Sault Ste. M arie, M ic h .. 1 6 9
S cranton, P a ................ 40,
123
Sedalia, M o ............. *1242,
109
Shuqualak, M i s s ............
123
S olvay. N. Y ................ 40,
123
S om erset Sch ool D is
trict, P a .......
82
Som ers w orth. N . H .........
123
S ou th B en d. I n d . , . . . 123,
169
S ou th C a rolin a .................. *1242
South D akota
. . . *124 2
Southfield. N. Y . .. *1242,
123
S o u th H a d le y Fire D ist.,
M ass................
169
South V ersailles S ch o o l
D ist.. P a ..........................
169
Spokane, W a s h ...........* 1 2 4 2
Springfield, M ass .*1242,
82, 123,
170
Springfield. T e n n ............
123
S tam ford, Conn .............. *1242
S tatesville, N. C .............. *1242
S tew art Co., T e n n .........* 1 2 4 2
Stoneham , M ass................
82
Stoneham S ch o o l D is
trict, M in n .................... *1242
Ston ew all Co., T e x .......
124
Suffield, C o n n ....................
170
170
S um m erville, G a .......
Syracuse, N. Y ............ 82,
170
W . V ___
P arkersburg.
ark R id g e .N .J ............
31 N ASSAU
B A N K E R S ,
L IS T S
CI TY
B A N K E R S ,
L e g a l In vestm en ts f o r Savings Banks in N ew Y ork
and all N ew England.
K le y b o lt e
AND
IN V E S T M E N T S
IN V E S T M E N T S
R u d o lp h
STATE
[V oL . LX V .
L IS T S SE N T U PO N A P P L IC A T IO N .
B lo d g e t,
M e r r itt &
C o .,
B A N K E R S,
REPORTS ON INVESTMENT PROPERTIES,
Railroad Location and Construction.
W M . F R A N K L IN
HALL,
A ccou n ta n t
Street Railway Bonds, and other high-grade In
vestments.
B08T0N, MASS.,
Cleveland* Ohio*
7 Exchange Place.
3 1 1 -3 1 3 Superior St.
16 C o e g r e s s S t r e e t ,
Cable Address, " K E N N E T H .”
S T A T E , C I T Y & R A IL R O A D
Boston.
BONDS.
S S S K B S ?"*
BOSTON, MASS.
Books audited. Examinations and investigation*
conducted with the utmost care and efficiency.
@FedFRASER