Full text of Commercial and Financial Chronicle : July 4, 1896, Vol. 63, No. 1619

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

' e n t e r e d 4 -V > * l i u ; t . v . r o f C o n s jr * * - . m t l i a y e a r 1 3 3 6 , b y t h e W

B. D

m

O O M R A s r , In t h e o f f i c e o f t h e L i b r a r i a n o f C o n g r e s s . ]

SATURDAY, JULY 4, 1896.

VOL. 63.

%\tz

(Chearticle.

P IN E S T R E E T , N . W . C O R N E R O F

nr

il l ia m

S ta te m e n t N a tio n a l

P E A R L S T R E E T , N. Y .

B a n k s u n d e r c a l l M a y i» o n p a g e 2-J.

The week’s total for all cities shows a loss of 13 9 per cent
I from 1895. The excess over 1894 is 13 9 per cent an! the de­
cline from 1S93 is 13-1 per cent. Outside of N, w York the de­
crease compared with 1895, is 10’5 per cent, the iucrease over
1894 is 8-9 percent, and the loss from 1893 reaches 1 9 per cent.

CLEARING HOUSE RETURNS.

Week ending June 27.

For the month of June and the six months the exhibit
is as follows:
June.
1805.

IStffl.

1
t
N ew Y ork .
- 2 J lt.3 8 t.7 3 8 2.48 >.830.012
291.710,937 305.S"«.*<S2
P h ila d e lp h ia 02.92j .419
04,4*4.941
5tf.770.800
17.067 3 1 fj
ltf.li2 .2 iS
7,894.645
*,007.157
£,*45,069
6.412..V* ?
4.786.293
4.513,353
3,202,055
S.M )M S0
1.651.100
M ?t\000
B in g h a m to n ..
T o t a l M id d le 2,8fl*f,838,fltfb 2^53.490061

S p rtn g fleid . ...
F a il R iv e r .......
N ew Bedford.
T o ta l N .S n g

375.S8P.27*
22.015,000
10,2f«9,57 £
6,8* 7.»JttJ
6.017,014
6.129.389
A479.RH
3 ,8 4 ? > H
2,711.6&i
2,056^24
436».8v3.663

35.939,673
37,672.662
C ol u m b o s . . ...

15.* 17.600
9.198,31 4

Q .rw jm i

7!

l *125,209
L l* + 2 v O
U 16.456
1.691^06
7

C a n t o n ............
T o t-M .W .r t,
S a lt L a k e C ity

S e a t t l e . ...........
a io u x F a ils . . . ,
T o ta l P u ific

O m a h a .............

S io u x C ity . . .

m jm

711.41*
563.463,943;

!

_ 2 ._

— 10*2

8

$02,740,638
109,189.737
£0 858841
39,703.471
25.091.eTI
20.025.061
DM 36. <*>S
8.S14.20O

+8**2
+9*0

+■4'*

+ 2 '9
+ i 40
- l* i
-1 1 *0

—3*1 IT.iXS A U l 74-1

387,923,101 -3*2
2+30? .tfOO -5*4
»»,«H<x\318 714’ "
5,904.297
5.**10.203
5.678.972 +7*9
5,027.957 ♦ P*o
*29*77.050 +10*3
8,019,>47 —lir a
1.893.910 + S 0

2.221.592,801
12tf.32tf.f<K*i
0*4.7tf*,407
58,133.409
26.37ii.*ls 4
85.233 8D i

450,879,115

2.0O3.3H.781

21.5404,3fK
10.298,03^1

38fl.000.76t + T ® 2,372.088,435;
67 070,060 —8*0
JW2,&8d,'OO
150,* 0.901
25.00*',0*0 + 3 5
28.013.116 f l i r t
U t.788.02P
Itf.Alri.i'tf.i r l ' i f
117, !■■'4,1.80
15,7*9.200 -2 *4
Pl,l?9.400
6,4£l#T7 -1-05*1
53.+M,ltfH!
4«3t».*:rtf4
7,405.0051 ~§*tf
8.402.494 —2 0
29.4*0,149
7,T W ,m i
1,20b, 400
1,251,54*5 —2*1
7, 5 *,o**o
L '« . 1 IJ .2
'i.'. *-8.--71,456,740 —23*6
0,549.411
920,430 + 8 1
5.442.4 U
4.871,377
002,725 •» 5*5
70*016 - 1 i 1
4.499.401
+2*3
3,2 49,0*0,097
651,040,809
5tf.3i3.tffO —7*3
4.H**2.50O
*,004.006
4,517.621 -Hi' 5
2.250.011 + 8 4
2,4.1*,593 —4*0
1.906.034
1,067,904
016.495
224.73 4 +6tf* 3
8*jrttjoa& —l*e

332.795.347
34.» 24.407
20 570.2*0
30.7 6 i.i3 3
14.134,419
13,198.203
14. .101.741
Il.l7 4 .8 s 0
4.321.483
2.292.* 43

39.73 7.544!
20,473.2*3
20.5-4o.07tf
20,7 09,874!
19,900 .OOU
«.n *,a o *
4.027,213
2.

43.30*5.512 - 0 7
26.3 £4.941
18.002.824 + 6 1 0
ln.77a.N7-* + 1 0 *j
ll.*6 t,9 J 0 —3*1
5.584,0* 0 - 1 6 3
3.O»tf.0pa 1-31*1*1
1.901.070 * ‘ 5.7
1.351,053
1.7*4.023 70*6;
LOO08O7 -*40-7
27 5 .IM fO~7 5
2 4tf.fr 4 — fcro
1*0,307,357' -5-6*4

25**.3 42.203
108.4:5,441
112.871,013
1lO.0ytf.O8fl
O7.09W.74l
32,249.020
20,369.<5*»
lS .740.t«2
7.0*8.472
11.3A8.564
9,901.027
1,012,10*
1,0tf i .80#
8U.Wltf^r2.

n .r: s

Hastings .......

277.077
$24,942

T o t- o ta ’r w ,

137.34fl.0-W

N e w Y o r k ...............
P h ila d e lp h ia .........
P it t s b u r g ................
B a lt im o r e ...............
B u ffa lo ....................
«
W a s h in g t o n ..........
I4 .l88.n itf &>a +1*5
R o c h e s te r...............
L«!S3.95 .S05
S y ra c u s e ......... .. #
319.24 L7 3 + 11*H , S c r a n t o n . . . . . . . . ..
338,109.117 + 7 *t
W ilm in g t o n — . . . . .
IOi.df-J.0r5 +7*4
B in g h a m to n ..........
«7 .J8 S ^i8 + 7 0
T o ta l M id d le ....
SS,72Lftf! +2*6
21,*79. <A +4*6
B o s to n ................
1&SS7.2A4 +11*1
18,07 L*2< + 0 4 P r o v id e n c e .............
H a r t f o r d .................
0,730,200 ~ + 5
N e w H a v e n ............
l * . * l 7 . 1 M . « t +1*6 S p r in g fie ld .............
W o r c e s te r ..............
MfiOJBdLOdt | — 1*7 P o r t la n d .................
13I.7I8.10C — 1*8 F a ll R i v e r ..............
50.851 05: l + l t r »
L o w e l l .....................
3L5fll.0tfO
N e w B e d fo r d ........ .
$0.uBV$fa -2 *1
T o t a l N e w E n g ..
82.290 9*i + 9 1
+ 3 -'»
C h ic a g o .....................
10.203.315 ; + i o i *
C in c in n a ti..............
15,052.7* t + 4-1
D e t r o it ............... . . . .
l0 2 ? L t 4 *
C le v e la n d ................
2.638,459.098 -1 *0
M ilw a u k e e ..............
C o lu m b u s ................
2,2-40.312.«6P + 1*6 In d ia n a p o lis ..........
32BMOAW —7*0 P e o r i a . . . . . ...............
140.758 889 +0*5 T o le d o ......................
132,707.778 + 1* 3 G ra n d R a p id s ----- 110,401.703 + "* 8
L e x in g t o n . . . . . . . . . .
tf7.ltM.0OC 1 +-**7
Kalamazoo..........
80.013.3O:! +7 0 Y
A k r o n ................
-H I
B ay C it y ............ ...
21,840.501
R o c k fo r d .................
M l . 5 « t — ia-» S p rin g fie ld . O h io ...
rt.515.lVtf + l l - f
C a n to n ......................
4 , 4 2 l M ( t 9 f l 4 D a y to n * .......... — -7 J © L *-* - la * 7
T o t . M id . W o eV n *
+4*2
4,430.152 +1 0 0
San F r a n c ls o o ...* ..
4.551.7051 -1*4
S a lt L a k e C ity . . . . . .
+16
P o r t l a n d . . . . . ..........
L o s A n g e le s --------3J4.A2A41I + 2 5
H e le n a ....... ..............
2P.05O.6I8 8 + 14*9 T a c o m a ...............
Si.0fl7.6tfl -1 * 3
S e a t t le ......................
2 P .o3i.lfi5 t s * y
S p o k a n e ............... . . .
14.4 8,217 - r s
F a r g o .........................
14.164.026 —0 8 S io u x F a lls .............
1+844.191' +1P*5
T o t a l P a c ific .......
V,2»J$.43fl +81*4
3J1SP03 +24*9
1.50 L 0 46 -^40*8 Kansas City........
Minneapolis........
406.147.413
Omaha................

\

14.399,692 8 49
1.030.521.OH1

64,997,742
6.U 2 .3 I4
1,507 J 3 4
4.761.442
2,40.4,211
2.321,537
3,130.012
2,020.183
tf'2i*.124
380.412
§1,596.22?

l>

488.4163418

1835.

+ *'

+ 0*0
4-10*0
8 8 .7 1 ft » i + 2 + 5
fl8.7lt.74 0 4-12*1
60.6-50 2 Li —1*4
3 i. •*84.01*9 —8*3
27.870.10- —5*4
13.404.; 66 + l*tf
9.070.1**22 -15*9
13.708.580 — 11*1
I L 4 » * A * 2 — l-Ttf
■7 8
1.748.31 w
f.4 tJ>4t H 1*5
+00

62*1^*3,099
101.070.035 -9-71
$$8Jf&.965
23 ,970.207
31,700,099 —e*7i
326 ,ntf*.$»3
28,* 0 .02m — 10 9 ’
i 19.380,119
191.101 .ftr«l
64.31 i.Sww
7>rt*.00*!
60.' 55,4' 2
i-2,l>©.tf»0
7,744.736 —iO u
58.0.5,0-46
0,924.887 -8*4
49,490,519
M.* 3L304
57.013,700
lv.f3 6 .0 4 1 -11*01
60.2*30,816
5$. 112.477
5323.145 +3271:
44.007,500
4.602.820 -0 * 9
,V4.T:i,-.!5
*9.149.541
80.^50,505
4.2+4,0061
4.419.725
30,804.154
D allas . . . . . . .
3 J 29.102
35.0aft.17*
2<.8*3.PM
3.598.6?*
N ash r i l l * .......
3.917.143
3,700,06+
2 5 .f8 ;t0*O
si,- o a s s n
16.1*1,206
2 4 . 7 so.3 - 3
L «2 ».l2 tf
5I.I4-.V3.- - 2 4 *
W a c o . , ............
2 6*50.0**4 +3*1
17.3.4.748
2,750.000
20.29 >.5*P
15.360.956;
12.764,355
1,749,496
1.843.176
1,670.0,1 4
3*5
8.966,^6
1,536,7 421
10^58.488!
1,53 4.312 —0*l!
8.430.401
1.226.673
T9M & ;
l,2 S '.3 *5 —5*l:
9.186.310
1.185.630:
0.5tf7.Ofl8,
■%4»69.<J0
1.000j>00i
944.6805 t o -®
Chattanooga..,
9S7JM0M4' - e * 4 M H s.o -w .-vi: 1.481^66.3*3
T o t a l g v o t ll.
T otal a ll....... 4.293+49.264 *,##6 191.417 —8*5' 25+ 49.107.1 >*5 35.354.884.962
O u ts id e if . Y . L37tf.405.M5 1,918.365,36» -174 ll,3 4 N ^ '».a 5 B il,166,815.6rf

H a l i f a x ..........

Hamilton... T o t.

W r

43.lfP.tf26
#7.500,000
4,550816
4.500,00*7
% 775.0*0
-e. 456*04

ft?,350.10li
20.772.22 1
6.09*7.094
3,806 l » i
2.P13 704

—I7*fli
+2*7
-10*0
+1 0 i
— 4*7!
tf*/.P95J04l — <ti

t a f c i* o f e l s a r l a s * b y t e l e g r a p h

*1# 17LVSI
10tf 135,544
29.178.243
2.,0»6.'J«3
lfl.flflO.5tfi
407
se e

Page

P .C t.

$49,90'6.605

tf.%87».tfl0
*2«*.012.1*3
2L51L919
« r m i»73
0 * 1 ,4 6 7
6
tf/’ 4 8 + U
7.7>, 2.067

Montreal.. ...J

Cha rin g* a t—

S ix M onth*.
1890,

| p .a .

—5*tf
+4*5
—7*tf
-10*4
-1 1 1
+tf*2
-6 *3
+15*4
+12 3
r0*2
+4*8
+4*5
-34*8
-14*3
+20*3
+18-9
-3*8
-17*0
+126
—3 1
+1*2
+0*7

274.863.333 -10*3
145.219.172 +10*5
27.7flO.03L +5*1
30.812.124 +24*9
15.8+1.33a I +5*0
484.^50.058

11

NO. 1,619.

4-0*«

St. Paul..............
Denver................
i-seph ........
Des Moines.........
Sioux City.........
Lincoln...............
Wichita..............
Topeka.......... ......
Fremont.............
Hastings..............
Tot- other West.

St. Louis..............
New Orleans.........
Louisville.............
Galveston............
Houston....... . ..
Savannah............
Richmond....
Memphis.............
Atlanta...............
Dallas...... ...........
Nashville.............
Norfolk................
Waco...............
Fort. Worth.........
Augusta...............
Birmingham.........
Knoxville*,...----T o t a l S o u th e rn .

Total all ... ..
Outside N. York
Montreal..
H a l i f a x ................

Winnipeg.........
H a m ilto n . ..
T o ta l Canada

• Not Included In totals

2

THE CHRONICLE.
THE FINANCIAL SITUATION.

There has b«en no essential change in the political
situation.
Fluctuations in values at the Stock Ex­
change (which we notice below) and likewise in the
markets for staple products have been features of the
week.
Otherwise affairs have remained very quiet
awaiting the action of the Democratic Convention, when
the status of the financial issue will perhaps be more
sharply presented. As matters stand to day, we can
see no need for hesitancy as to which side any man
Bhould throw his influence if he believes, as the writer
does, that national honor, industrial safety and the
principle of individual honesty are all staked in the
contest. The Republican candidate on Saturday last
accepted without reserve the platform adopted by his
party. No other course was anticipated. To bn sure,
in his address he has made another matter, the tariff,
prominent. We should regret the re-imposition of the
higher duties; but whatever opinion any one has on that
subject has become for the time being by comparison
immaterial. When the Altgelds, the Tillmans, and the
like, are seeking to engraft their ideas on the finances of
the country, every other thought except opposition to
them is necessarily banished. As individuals and as
a nation we can be honest and we can be prospered
under either a high or a low tariff.
Our city banks tell us that the mercantile situation
is, as a rule, very satisfactory. Tnore is no particular
desire shown on the part of merchants to borrow; on
the contrary the tendency has been of late to bring their
affairs more nearly down to a cash basis. That is the
general idea and aim among conservative classes every­
where. While having confidence in the success of the
sound-money cause, thoughtful men seek to be out of
debt. They know that if the unlikely should happen
and free-silver coinage prevail, the result for a long
time could not fail to be great confusion and unprece­
dented depression while a readjustment of values to the
new standard was in progess. The silverites consequently,
even if their party could be successful, could never
realize the anticipation they cherish of paying existing
debts with silver. The very end which they now sup­
pose would secure their purpose they would find had
rendered their real estate and the kinds of securities
such classes are likely to hold of extremely uncertain
value. A t such a crisis those in debt could not borrow
either silver or gold ; their obligations would be fore­
closed and their property sold for a song to some of
their neighbors who were out of debt. Instead there­
fore of realizing their dream of riches and abundance,
poverty and distress would follow the success of free
coinage, and during those sorrowful years the country
would slowly work back to gold again.
It is interesting to study the developments at Chi­
cago from day to day, especially interesting for those
who entertain the absurd belief that there is a chance
for the success of the free silver movement. It is easy
enough to hurrah for an idea, but to organize such ele­
ments as are gathered at the great Western trade cen­
tre into an aggressive party, with an available leader,
calls for a common principle that does not offend the
moral sense and will bear the test of an honest and
thorough investigation. The thought of rallying
around, as the battle cry, a plan for paying one’s debts
with a fifty-cent dollar, and presenting that as a sub­
ject of discussion for three or four months to the
people of the United States, is a folly not afford­
ing a shadow of a promise. Even the lead­

[Von. LXI1I.

ers know the weakness of the situation. Gov­
ernor Altgeld of Illinois is said to have inspired a
statement in his Chicago organ that no Southern man
(including the aspiring Bland) is available for nomina­
tion, for he would lose Cook County by 70,000 major­
ity. Senator Dubois of Idaho, a silver seceder from
the Republican convention, says that Chicago must
n minate Teller, for no Democrat can carry Colorado,
Utah, Idaho and Montana. The head of the Populist
organization says that no Democrat can get any Re­
publican State. Altogether, if we can accept these
prophets’ predictions, the movement is as good as dead
already.
Our Stock Exchange has been the centre of moderrate activity and of comparatively large operations.
The features were first a considerable decline
early in the week and later reported buying for
London account. A street rumor has it that the
Kaffir mining party under the leading of Barney
B irnato has formed a syndicate to speculate in
American securities, and bought on Thursday over
thirty thousand shares of Louisville & Nashville, St.
Paul and other stocks to be sent to London by to­
day’s steamer. Dealers in foreign exchange say there
were offerings on that day of bills deliverable next week
against stocks bought through the arbitrage houses.
A t the same time exchange was only affected in tone;
rates were not lowered either for nominal or for actual
business. This syndicate story must be taken for what
each individual considers it worth. It appears some­
what surprising that Europeans under existing political
conditions in this country should have been so suddenly
impressed with the desirableness of our securities as to
form a kind of blind pool for their purchase. We can,
however, easily understand that the lower prices should
have tempted purchases to a moderate extent, es­
pecially as the demand occurred subsequent to Mr.
McKinley’s address, which very likely had a tendency
to increase confidence in London.
Two favorable events in connection with our rail­
roads deserve more than passing notice. Oae of these
is the action of the Canadian Pacific in deciding tojoin the Joint Traffic Association under certain reser­
vations and condi'ions and the other is the declara­
tion by the Wabash of a dividend on its debenture
Class “ A ” bonds. Our readers are aware that efforts
have been making for several months to induce the
Canadian Pacific to become a member of the Asso­
ciation referred to. There are several outside roadswhich it is desired to have become parties to this agree­
ment, but the principal oses a-e the Cauidian Pacific
and the Norfolk & Western. That one of these two has
now given its adhesion to the scheme is a very encourag­
ing fact. We have no doub t that the N orfolk & Wes tern
too will come in after the property has been reorgan­
ized. The new Association has already accomplished a
great deal of good, and the inclusion of these two
roads will further add to its strength and power. The
establishment of the Association on an enduring basis
makes the prospects of the roads in the territory be­
tween Chicago and St. Louis and the Eastern seaboard
very bright, so far as the prosperity of the roads de­
pends upon the maintenance of rates. The Wabash is
one of the important roads in this territory, and the
declaration of the dividend referred to on the Class
“ A ’ bonds shows the improvement that has already
occurred in the revenues of the trunk lines, largely
of course as the result of last season’s excellent
grain crops.
The dividend is to be only one

THE < HROMCLE

JCLY 4, 1896.j

per cent, though it is stated that the income
account will show 2 per cent earned. The amount
of the Class “ A ” bonds is not very large, onlv
♦3,500,000, bnt the significance of this dividend dis­
tribution will be understood when we siy that in 1894 5
the Wabash showed a deficiency of 1542,907 and in
1893-4 a deficiency of $871,764 in meeting the fixed
charges coming ahead of those bonds. During the
fiscal year which has just clised the company’s ea rr­
ings have been steadily rising, and for the eleven
months to May 31 the increase in the net has bee i
♦567,895, as compared with the corresponding eleven
months of 1894 5.
Evidence that trade continues on a very restricted
scale as a result of the political and financial situation
is furnished by returns of bank clearings and railroad
earnings alike. We have prepared our statement of bank
clearings for the month of June, and it shows a decrease
from last year of *2*3 per cent with New York included
and a decrease of 1*8 per cent outside of Xew York.
I t is perhaps encouraging to find that the loss was
smaller than for the month preceding, when the
figures showed 13 per cent decrease with New
York included and 6*8 per cent decrease without
New York, though the importance of that fact is some­
what weakened by the knowledge that the falling
off in May was made greater than it otherwise would
have been by the circumstance that the mrnth had
one less working day than the sums month of last
year, it having contained five Sundays. The contrast
with last year of course is very noteworthy. Th;n
business was expanding in a very marked way, and
the clearings for May showed an increase of 24*7 per
cent and those for June an increase of 22*1 per cent.
Now we have entered on a retrograde movement, and
unfortunately the political uncertainties do not afford
any promise of an immediate change. Below is our
usual monthly summary.
m o nth ly

M•*/ *.

in m

u m

•
JftOUATf .
F eb ru a ry

c l b a r in q

irf: it #
M M * I t . 4*7
1 4 ,1
4

le t q o a r.

J u m l . .........1 4J&lrM 9 ,tU

1004

-f* «

5 j* 7 j* u * *

4.246.50<5.J5<

»0-*
IJVAJTn.tQ* - I S f> !. *44. <21.931
4 jM ,i0 i.4 i;
- r s 1J70.4#5.616
u j i o .q# ;

24 q a a r ...

p .a .i

i m

0m o n th *. t t j 48.107. 106

- y t j S.aOl.tSO.O’* "

P .C t.

.

1

6 j4 ft.0 1 tjU C j -H -4
1,042.110^*71
2.021,131.5^*'
1.915J46.345

+0-7
- I t

l.Jul | —f t

+ 1 T ll.t i4 J 7 4 .t 6 4 11.14# J15.424 ' -HY7

A feature in these returns of clearings which should
Dot be overlooked is that while a good many separate
points show enlarged totals, the different geographical
groups nearly all record losses. The large grain move­
ment (following last season’s excellent' crops) has
proved a favoring circumstance at a number of West­
ern points, so it is not surprising to find the Middle
Western section showing 2*3 per cent increase and
"other Western” 5*4 per cent increase, but the Middle
States group records 3*1 per cent falling off, the Xew
England 2*4 per cent, the Pacific Coast 1*6 per csnt,
and the South makes the worst exhibit of all with a
decrease of 8*4 per cent. Following is a four year
comparison for a number of leading points :
B AN K C L C A K H O K A T U tA D IX O C IT IK -.
..................... J u n r . ------- ----------.— J tm u a r y 1 to J u n e :H>.—

Omitted, f
5ew Y o r f ...
ChUHMTO.......
Bouton . . ...
F i l i a l ph i »
Bt, Loui< . ...

149*
9

189 i.
9

2.414 3,491
.145
395
375
398
306
275
93
102

1891. 1493. 14 » J. 1995. 19 *4.
#
6
•
f
$
1.899 2,626 14.400 14,189 11,943
379 2,272 2.236 2.090
358
327
384 2,222 2.760 •2,046
243
305 1,637 1.68 4 1.460
557
594
620
91
95

San Fran oo.
Baltimore...
Pittsburg.. .
Cincinnati...
Xew Orleans
Kansas C tr.

Milwaukee..
Louisville...
Suttalo........
D e tr o it......
Minneapolis.
Omaha.......
Pruvidenoe..
CleveU nil...
Denver.......
St. Paul......

1993
%
18.367
2,575
2,529
1,800
620

-------------- June.-------------.
1896.
1895. 1894 . 1893.
8
$
$
$
55
59
51
57
62
60
56
64
64
63
55
53
53
58
54
54
29
32
28
34
40
42
38
40
20
20
19
27
24
28
25
27
19
15
18
20
26
25
23
26
29
27
25
25
21
14
23
26
22
23
19
29
24
28
21
24
ll
12
ll
21
21
19
16
20

Total........ 4.076 4.186 3,397
Other cities..
218
210
211

January 1 to June 30.—,
1896. 1895 . 1894. 1893.
$
8
3
8
313
325
325
382
363
338
331
373
391
349
323
379
303
329
317
365
237
227
220
278
250
219
232
275
117
116
103
220
161
148
157
196
109
102
93
119
150
150
137
183
169
145
133
178
112
89
126
175
129
132
112
103
152
133
113
152
69
63
70
130
111
99
83
122

4,321 24,256 24.0U1 20,971 29,689
230 1.392 1,354 1,297 1,556

Total aU... 4.291 4.396 3,608 4,554 25,848 25,355 22,263 31,245
O iM id eN .Y . 1,880 1,915 1,709 1.923 11.248 11.167 10,320 12,878

O f c urse the depression in business has adversely
affected dealings on the Stock Exchange, and in a
double way, reducing both prices and the volume o f
transactions. We give the record of the stock and bond
sales in our customary monthly review in our Quotation 1
S upplem ent , and present here simply our usual sum­
mary of the stock sales. It will be observed that as a
result of the liquidation and break in prices the latter
part of the month, the total of the share sales is larger
than it was in May, but nevertheless reaches only
4,370,765 shares, with a market value of 295 million
dollars, against 6,030,415 shares for 318 million dollars
in June 1895.
lA L B N

or

STO C KS A T THIS N B W Y O R K S TO C K K X O H A N O E .
1805.

1800.

Month

Value*.

.V u m V r

o f Share*

P a r.
I

Jan
Feb
M arch .

< 1 7 ,3 0 1 .5 5 0

0

A ctual.

S u m te r
o f Share*-

Value*.
P a r.

A ctu a l.

1

«

4

2 6 0 .4 4 5 .0 0 6

8 .2 4 3 .0 0 5

3 1 8 .4 2 2 .5 0 0

19 2 ,6 3 0 ,0 8 4

S J O 3 .O 0 H

4 0 2 ,0 1 3 .7 0 0

3U 0.2 8 0 .1 3 0

8 .0 2 4 .0 3 2

3 0 0 .3 1 4 .7 5 0

1 8 0 .1 0 0 ,3 0 8

4.5*4.571*

3 8 0 .0 2 0 ,0 0 0

26 2 ,4 0 6 .0 0 7

6 .1 2 8 .6 3 0

4 0 9 .4 4 6 .8 0 0

8 0 1 ,2 0 8 .1 7 1

1 st q r l 4 j * 6 . M v

A p r i l ..
M a y ....
J u n e ...

Turk.

•
•
•
$.402 0 * 9Y> *$ '.
* 040.7 M T V 1 t,OO7J90.494 - f i t
sk$ # Y r «r t.i? »
*1 1.TW .TM T77 IJ43.M O .f47 f l f - 0
L.7##.404.079 ■ f r o
i / m . i a ».* a *> t - f ? 1 1.41 l
1Lj944.7M.tf77

A p r il- .
| 4JKHJM1J0?
.........1 4,2 J0.515.714

#.

a « n > , r>Mle U t » w

o u n r u m . r « r « j a il

(500,0003
o m U te d .)

3

I.M 0 J 4 IJ 6 O

8 0 0 ,2 0 0 ,4 7 1 11 .3 0 0 .4 7 0 1.1 1 8 ,1 8 3 .0 5 0

0 8 0 ,0 1 0 .5 3 0

2 M .3 O 0 .O 7 5

5 .0 3 0 .7 1 0

4 8 2 ,4 0 8 .3 5 5

2 7 1 ,7 1 1 ,2 9 0

3 0 3 .7 G 2 .S 3 3

1 8 8.03 3.302

8 .0 3 2 .7 0 7

8 5 9 .1 0 2 .0 5 0

4 0 3 ,8 8 6 ,5 7 6

4 1 7 ,3 7 1 .6 6 0

2 0 6 ,0 6 0 ,0 1 3

0 ,0 3 0 ,4 1 6

6 7 9 .4 4 2 ,8 5 0

3 1 8 .0 7 0 ,7 2 4

4 .0 M .S H

37 4,<i5 6,176

2 .7 U 0 .0 1 3
0 7 0 .1 0 4

< d q r. li.M 8 .0 0 ?

1 .0 6 3 .1 2 * , « S r

mom .

2 .3 4 0 .0 7 0 .*

7 4 0 .0 8 2 J W
1 J 4 0 .2 8 2 .8 0 1

10 ,0 00 ,8 32 1 .9 2 1 .0 7 4 .1 5 5 1 .0 6 4 ,2 7 0 ,5 8 0

A1 .3 0 0 .3 0 8

3 .0 3 0 .2 5 7 ,2 0 5 1 .7 3 4 .2 8 1 ,1 6 2

Messrs. K. O. D ud & Co. have issued tueir statement
of mercantile failures for the quarter and half-year,
prepared under the guidance of Col. W. M. Grosvenor,
and of course everybody is prepared to hear that it
does not disclose very flattering results. I t happens
that the liabilities of the failed debtors reach a some­
what smaller aggregate for the quarter this year than
for the same quarter last year, though the amount
is
large
enough
in
both yeirs, the figures
being ♦40,444,547, against $41,020,261 ; the number
of the insolvents, however, is 2,995, against 2,855. For
the s ii months there have been 7,026 failures in 1896,
against 6,657 in 1895, and the liabilities are $97,869,682
against ♦88,839,944. We give the figures by geograph­
ical groups on a subsequent page, and print here a
comparison of the aggregates by quarters for the last
dozen

y e trs .

-----Finn Quarter.---- A mount o f
.Vamber
F a ii .c r k a
1>fir*—
LLubUUiett.
Failure*.
$ 10.191.051
1895..................
29.691,726
1886 ............... ... 3.203
32,161,762
18S7................ .. 3.007
38.8°4.789
18&8............... ... 2,948
12,972,516
1889................ ... 3.311
37,952,968
1890..................
42,167.631
1891.................. ... 3,545
39,281,349
1892..................
47.338,300
1893 ................
64,137,333
1894................ ... 4,304
47,813.683
1S95..................
57,425,135
1896................ ... 2,031

,— Stroud
X umber
Failures.
2.346
1,953
1,905
2,241
2,292
2,162
2,529
2,119
3,199
2,735
2.853
2,995

Quarter----Amount of
Liabilities.
$28,601,304
20,752,734
22,970,330
29,229,370
22,856,337
27,466,416
50,248,636
22.989,331
121,541,239
37,601,973
41,026,261
40,444,547

1HE CHRONICLE.

.4

The Pennsylvania Railroad return for May, issued
this week, shows results just about as we should ex­
pect, considering the prevailing industrial conditions.
Last year in May the company reported a gain in gross
on the lines directly operated both east and west of
Pittsburg and Erie in the large sum of 11,409,765 and
gain in net in the sum of >662,397. But this was in
comparison with an extraordinarily poor month the year
before, when the bituminous coal strike, extensive floods,
and various other agencies, combined to reduce earnings,
and when as a consequence the loss on the combined
lines directly operated reached 12,904,188 in gross
and >1,085,595 in net.
The present year the
company reports >40,100 increase in gross and >100,700
dcoreaso in net on the lines directly operated east of
Pittsburg and >133,900 increase in gross and >167,400
increase in net on the lines directly operated west of
Pittsburg. A separate statement is furnished to show
for each section the results fora// lines operated or con­
trolled. This indicates a loss of >19,900 in gross and
>218,800 in net for the eastern part of the system and
>113,600 increase and >180,200 increase respectively
for the Western part. It will be noticed that the
Western lines make a very much better exhibit than
the Eastern, which reflects the advantages derived
from last season’s crops. Below we compare the gross
and net earnings for May and the five months for
the last six years on the lines directly operated east of
Pittsburg and Erie— the only part of the system for
which we can furnish such a comparison.

a

L

u t e s

P

of

e a s t

1894.

1895.

1893.

1892.

1891.

.

it t s b u r g

M ay.
D ross e a r m n * * ....
O p e r a t e expen ses.

5,173,667
3,745,170

5.133.507
3,604.370

i,2 i7 ,& 8 6.061.287
2,996,290 3,860,603

5,670,245
4.014,112

5,335.252
3,663,870

N e t e a m ln « a . . .

1.428.497

1,529.197

1,251,078- 2.200,684

1,005,133

1,718,332

I

1

»

1

*

9

Jan. 1 to May 31.
Dross ea rn in g s ........ 25,199,770 24,670,476 22,036,896 98,192.955 27,102,017 20,034,756
O p erat e exp en ses. 19,076,051 17,885.951 16,040,012 20,697.398 19,408,004 18.3S4.220
N e t e a rn ln E t...

6,524,725

6,084,525 0,045,884

7,405.557

7,094,013

7,050,530

A great many other roads have also submitted re­
turns for May this week, but we have space here to
refer to only a few of the leading ones. The Burling­
ton & Quincy is obliged to report a loss in both gross
and net this time— >160,239 in the former, >228,554 in
the latter. The Milwaukee & St. Paul has added
>113,827 to its gross but loses >161,659 in net.
Tne
Erie reports >79,465 increase in gross, >10,515 increase
in net; the Louisville & Nashville >68,650 increase in
gross, >15,716 increase in n e t; the Atchison >131,170
decrease in gross, >92,756 increase in n e t; the Cana­
dian Pacific >283,446 increase in gross, >142,841 in­
crease in net; and the Central of Georgia >25,981
decrease in gross, >12,069 decrease in net. Below we
furnish a four-year comparison for a number of roads.
■May Earnings.
1896.

Mam* o f Road—

f

A t c h is o n T o p . A S a n t * K e. .G r o s s
Not

B u ffalo

Roch.

A

P itta .

.... .G r o w
Net

C h M p f.k x &

C h lo s u m

23 1 .5 0 2
4 4.096

9 1 .8 )8
d e f . 5 .3 1 1

Net

1,460,489
51 3.53 9

N et

31 0.637
40 .8 45

34 2 ,0 1 8
5 2 ,0 1 6

34 0.19 5
73 .4 10

N et

83 7 ,9 7 5
27 1.94 7

88 3,81 1
20 9.12 1

57 1.80 0
150.892

N et

2,46 1,61 9
699, I M

2.61 1 ,8 2 8
85 7 ,7 0 8

2 03 5,095
81 1,04 7

N ot

2.25 9.71 4
726.472

Q u in c y * ... . G r o s s

B lt fln J o lie t

A

Jack. T am p a A
■ a n .C it y

...

2 .25 7.02 0
671,131

2 .M 4 .0 9 3
8 1 2 ,7 8 *

A S o u t h ..G r o s s
N et

63 ,5 60
16.017

43 ,6 0 0
2.482

35 .8 07

O r . n d e .......... . G r o s s
Net
E a s t e r n .......
Not

60 1,69 3
21 7,935

57 0 .8 0 5
24 7 ,7 8 0

657,011
22 0.78 0

97 .0 3 9
1:3.032

92 ,0 67
27 .9 53

09 .7 9 0
17 ,6 30

W e s t.. .G ro a t
Not

27 .0 3 4
0.0*17

26.584
d o f .L l3 4

58 .3 39
23 ,2 2 0

A M e m .G r o s s

38 2.67 0

10*1.14.’,

36 2 .5 7 2
10 5.35 0

39 7,99 7
11 3 ,2 2 0

31 .0 1 2
15,913

85 .3 7 9
13 ,9 72

71.588
2 .18 0

O lcvela n d C an ton
,% R i o

Paul

K ey

K t.K c o tt

N et

Mma. Cltjr Xlem . 4 U lr m ....

.G r o s s

N et

1893

*

2,876.029
359.& S J

1.44 1.42 3
54 4,01 9

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

M il. A 9t.

9

269. A40
91.294

O h i o ...............

C h ic a g o B a r i. A

1804.

1
2.40 1 .0 8 0
338.571

1.72 4.80 9
68 7 .4 0 0

C a n a d i a n P a c i f i c .....................
a n t r a l o f G e o r g ia

2 .2 4 9 .9 1 0
48 1,327

1396.

307,9*1
100,461
1,605 542
509,585

863.120
201,733
3.514.844
1.192.351
2.701,670
798.520

757,717
302.819
77.718
17,57o
56.006
13,452
417.601
67.548
71,862
d e f. 13.906

|Vol. 1XIII
1896.

N am e o ' iloa<\—
Louisville A N a s h v ille —

4
N et

M e x ic a n C e n tr a l...............
N et
M e x ic a n In t e r n a tio n a l...
N et

A

M in n ea p o lis
N . V . O n t,

A

St. L o u is ...
N et

W e s t e r n ----N et

N o r th e r n P a c ific ................
N et
KioTG rande S o u th e rn ... . ...G ro ss
N et
R le G ra n d e W e s te r n ........
N et
N et
W a b a s h .................................
W e s te rn N .

V. A.Pa........

N et
..G ro ss
N et

1,602.014
400,923
795,899
319.827
264.8*2
99.295
142.970
41,739
313,729
85.070
1,323,504
144.098
37.789
11,070
209.129
77,230
451.312
157.022
965.147
200.062
257,964
90.042

— May E arning*. -------------------- ,
1893.
1995.
1894.
f
$
S
1,761.61 a
1,533,304
1,181.4 P9
511.059
451.207
449,430
782.718
351,010
225.483
94.007
157,729
02.308
288.950
77.091
1,321.289
309,790
31,228
10,150
202.050
77.025
473,879
185,177
986.823
242.768
200.033
54,779

784.301
275.082
163,751
59,783
140.940
40.872
340.481
IC3.462
1,197,476
179,830
27,695
14,772
190,510
09,535
402.531
138.049
857,244
137.228
182.566
20.922

712,743
268.156
173.743
46.449
148.915
35,199
322,482
77,975
1,891,980
48,751
21 013
214.102
77,331

1.110,904
239.877
320.442
104,750

• In c lu d e s C h icago B u rlin g to n A N o r th e r n fo r a ll t h e yea rs.

The Southern Pacific Railroad Company of Califor­
nia is one of the constituent properties in the Southern
Pacific system for which a separate report is made, and
we quote from it at length on another page. The
property is quite a large one, embracing 1,678 miles of
road independent of the Mojave Division, which is
leased to the Atlantic & Pacific, and has >52,326,500
of bonds outstanding.
The company’s lines are
operated under lease by the Southern Pacific Com­
pany, which pays all the charges, expenses, &c., but
the important point, from an investment standpoint,
is that its own earnings show a large surplus over and
above the yearly requirements. For 1895 the gross
earnings reached nearly 104 million dollars, being with
one exception the largest in the company’s history, and
the net was >4,067,679, while the charges were 12,896,347, leaving a balance of >L, 171,331. A statement in
the report covering the last eleven years brings out the
fact that there has been a larger or smaller surplus for
each year in the whole of that period.
The call loan branch of the money market was more
or less influenced early in the week by shifting of loans
incident to the decline in stocks, and also by prepara­
tions for the semi annual settlements. On Monday
money on call, representing bankers’ bilanccs, loaned
at 4 per cent and at 2 per cent, averaging 24 per
cent, and though on the following day 34 per
cent was the highest, the average wa3 not changed.
For the remainder of the week the range was
from 2 to 3, with the bulk of the business at 24
per cent, and the average for the week was prob­
ably about 2§ per cent. Banks and trust companies
quote 3 per cent as the minimum for new engagements,
but good contracts at lower figures have been undis­
turbed. The demand for time loans is not urgent,
though some business is reported for long dates.
Quotations are 3 per cent for thirty to sixty
days, 34 per cent for ninety days to four months and
4 per cent for five to six months, and a few transactions
have been made for money until January at 44 percent.
The banks having correspondents at the West and
South report no new inquiry for re-disc muting and the
mijority of the interior banks seem to be awaiting the
course of events at Chicago next week. The supply of
commercial paper on the market is comparatively small,
and, except by a few brokers, none is pressing. The
demand is only moderate, the large buyers being still
out of the market, and quotations are 44 per cent for
six y to niuety day endorsed bills receivable, 44@54
per cent for four months’ commission house and firstclass single names, 5@54 per cent for prime and 54@6
per cent for good four to six months single names.
Ih e European financial situation has been without
important change this week, and now that the semi-

THE CHRONICLE.

D i i i . r ro * r*r>

rates tor

r o n E i.iv

ra i..
MO*..
June tti. / »«# w.
Brown Brfyfc.___
Baring.
s#u\ ays
Ma«onn k Co.. f SUrbU..
Bank BritUh
<40 days.
l * o . America.. \S igh t-..
Bank o f
Jso days.
Montreal.......
CanadlAn R*»nk ffloday*.
o f Coatocria.. {sight....
IleMeittaeb. Ick- J4o day*
efbeimer k Co.
t....
days
l A u r l r n r a . 140
13Urbt—
M ffd u u t# ' Bk. 180 day#
of Canada----- ffflwbt.

m
99
m
m
88
**
49
m
MW
m
69
m
40
MW

m
89
m
40
*6
49
84
8U
44
HO
44
89
44

49
48
4y

IS A a
m
99
48
40

m
99
44
40
44
89
84
49
88
40
48
89

r x c iia s o k .

W «D „ t h c r .. F r u ,
JuIf, 1. Juty 2. July 3.
m
40
4K
4w
44
49
94
49
84
49
44
49

88
80
44
49
44
48
84
40
44
49
44

84

44
89
88
40

89
84
89

88
80
48
49
84
40
48
49
88
49
48
49
88
89
48
49

5

The market closed 8teadv on Friday at 4 88 for sixty
day and 4 89 for sight. Rates for actual business were
4 87@4 87$ for long, 4 88@4 88$ for short and 4 88$
@4 88$ for cable transfers. Prime commercial bills
are 4 S6$@4 86$ and documentary 4 86$@4 86$.
The following statement gives the week’s movements
of money to and from the interior by the N Y . btnks.
Received by i Shipped by
X . r . Bm.'ts. X . T . Bitiks.

Week Ending July 3,189*5.

Xet Interior
Movement.

S3.693.000 S2.647.000 Galn.Sl.046.000
423.000
218.000 Gain. 205.000

G o ld .......................................
Total gold and legal tenders.....

$4,116,00' *2.865,000 Galn.Sl,251.000

Result with Sub-Treasury operations, etc.
irJ k W n d in i July

a, 1396.

Into
Bank*.

Out of
Banks.

Xet Change in
Bank Holdings.

Banks' Interior movement,as above 14.116,000 $2,805,000 Galn.$1.251,000
Sob-Treas.oper.and gold exports... 17,000,000 18,700,000 Loss. 1,700,000
—
--------------------------------

T o ta l gold and le g a l ton d erg.......<81.118.000 $21,865.000 L obs.

f 449,000

Amount of bullion in principal European banks.
July

Bank of

GobL

|

£
E n g la n d ......
r r a n e e ..............

4 8 .4 8 5 .2 6 6

July

2 ,1 4 9 6 .

4, 18 95 .

S U vtr.

TotaL

Gold.

£

£

£

£

4 8 .4 8 5 .2 5 0

3 7 ,9 3 3 .8 3 8

8 7 ,9 3 3 .8 3 3

....

...

I

Stiver.

T ota l.

8 1 ,6 5 0 .0 0 3 5 0 .3 1 9 .9 3 4 1 3 1 .9 7 0 ,0 2 7

8 1 ,7 0 6 ,4 5 8 5 0 ,3 8 0 .0 3 6 1 3 2 ,0 3 6 ,4 9 4

G e r m a n y .....

21 *0 5 8 .1 0 1 ; 1 4 ,5 2 0 ,0 4 0

4 3 ,5 8 7 .1 5 0

3 4 .8 0 7 .4 3 8 1 5 .6 8 2 ,5 6 2

5 0 .5 4 0 .0 0 0

A o s L -H u n g j

27 .2 1 2 ,O O O l12 ,8 5 9 ,0 0 0

4 0 .1 0 1 .0 0 0

1 9 ,9 0 1 .0 0 0 1 3 .4 4 1 .0 0 0

3 3 .3 1 5 .0 0 0

S p a in .........

8 .4 0 6 .0 0 0 1 1 .3 6 0 ,0 0 0

1 0 .7 6 6 .0 0 0

8 .0 0 4 .0 0 0 1 2 .4 0 0 .0 0 0

8 0 .4 0 4 .0 0 0

M o t h e r la n d * .

2 .6 3 6 .0 0 0

7 .0 1 7 .0 0 0

•.•.053.000

4 .2 9 4 .0 0 0

7 ,0 7 4 .0 0 0

1 1 .3 7 2 .0 0 0

V a t.B e lg iu m .

2 ,5 6 1 .3 3 3

1.28 0.66 7

3 .8 4 2 ,0 0 0

2 ,6 7 0 .6 6 7

1 .3 3 5 .3 3 3

T o t . t h i s w e e k 2 0 0 ,0 3 8 ,7 4 3 9 7 .8 8 5 .0 5 0 2 9 7 .4 0 4 ,4 3 3 1 4 9 ,3 6 7 .4 0 1
T o t . p r e v . W ' k 9 0 3 .3 8 3 .1 7 0 9 8 .5 2 9 .5 9 9 3 0 1 ,4 6 2 ,7 6 9 18 9.79 5.241

TREASURY

1 f 1
«£ « .

annual settlements are over open market rates are
growing easier. The Bank of England minimum rate
of discount remains unchanged at 2 per cent. The
cable reports discounts of sixty to ninety day bank
bills in London ^@$ of 1 per cent. The open market
rate at Paris is 1$ per cant, at Berlin it is 2$ per cent
and at Frankfort
per cent. According to our
special cable from London the Bank of England lost
£671,021 bullion during the week and held at the close
of the week £48,435,256. Our correspondent further
advises us that the loss was due to shipments to the
interior of Great Britain in the net amount o* £780,000 and to imports of £109,000, of which £103,000
were from Australia and £6,000 from Italy.
The foreign exchange market has been without the
least change as to nominal rates or those for actual
business this week, though the tone has been quoted
as easy. The business has been moderately large, and
one noticeable feature has been the offering of bills
against securities by prominent houses who are recog­
nized as arbitrage traders, confirming reports which
have been current at intervals that there has been
large speculative buying of stocks for Earopean account.
Had it not been for the offerings of the bills against
these stocks', and also of a few drawn against the re­
cent purchase of Anaconda Copper Mining stock,
through Kuhn, Loeb ft Co., rates for sterling would
most likely have been higher, for this is the period
when remittances have to be made for interest and divi­
dends. On Monday tbe market opened with an easy tone
for sterling, though rates for actual business were not
quotably lower, remaining, as at the close of Friday of
last week, at 4 87@4 87$ for sixty day, 4 88@4 88$
for sight and 4 88$@4 88$ for cable transfers. It wag
announced that Lazard Freres would ship #700,000 and
that J. & W. Seligman would send #350,000 gold to
Europe on the following day, but the withdrawal
from the Treasury o f the last-named amount was on
an Assay Office check for bullion, and therefore
the gold reserve was not affected thereby.
Ou
Tuesday tbe tone was qaoted as steady, but on
Wednesday it was easy again and then business was
done nearer the bid than the asking figures, lieidelbach, Ickelheimer ft Co. engaged #200,000 gold for
shipment to Germany on order, and the reduction by
the Treasury of the premium on gold bars from $ to 1-10
of 1 per cent had no influence. Ou Tnursday the
market was again easy and some bankers reported that
any pressure of bills would doubtless cause a reduction
in the rates for actual business. The largest houses
stated that they would not ship gold on Saturday.
There was a shipment of #50,000 to Canada on Tues
day and there was a withdrawal yesterday of #150,000,
which it was supposed had the same destination ; an­
other withdrawal of #250,000 took place, but it is not
known for what purpose.
Tne tone of exchange
at the close was quoted steady.

SSI
ESI

J u ly 4, 1896.]

4 ,0 0 0 ,0 0 0
2 8 9 ,6 3 7 ,3 3 2
2 9 0 .2 4 2 .6 3 5

OUTLOOK FOR THE COMING
TWELVE MONTHS.

We have written on a subsequent page with refer­
ence to the Government figures for the fiscal year end­
ing with the first of July. T h it review covers a
twelve months of special intereit. A new revenue
law has been in operation during that period— ou trial
as it were. The year’s receipts and disbursements
show the large deficit of #26,042,244. Tested by this
result the ready response is no doubt authorized that
the law male insufficient provision for the Govern­
ment needs. That is to say, as business affairs have
turned out the Treasury income Ins fallen short of the
disbursements. Those who framed the law were ob viously too sanguine in their forecast of the industrial
development. Tnis error of judgment is not surpris­
ing, inasmnch as the conditions which have prevailed
have been of a phenomenal character. Trade inter­
ruption has in the main grown out of currency irregu­
larities, aggravated by the silver agitation in and out of
Congress, and further by strained foreign relations,
made especially disturbing because of the danger
threatening the standard of values. Tne depressing and
irritating iufluencs of these events could not have
been anti ipated.
A fact favorable to future income
is that in the face of these adversi circumstances last
year’s deficit is nearly 40 per caat less than the deficit
in the year ending July 1 1895.
It will be noticed that the closing month, June 1896,
shows a surplus. There is no special significance in
this circumstance.
To be sure the receipts were #4,560,300 larger than they were in May, but they were
not large enough to have csvered the May disburse­
ments, which were #28,426,592.
N or were they large
enough to have covered the average disbursements dur­
ing the year, which average was #29,352,623 The truth
is, in June and December very little interest falls due,
only the quarter’s interest on the 25$ million dollars
of 2 per cents. A ll the other months have a much

6

THE CHRONICLE.

[Y ol . l x i i i .

larger amount to meet, January and July requirements as affairs stand are unavailable, leaving about ♦97,*
for that purpose reaching about 7£ million dollars, 000,000 which could be disbursed if it were not for
Indeed, if our legal tenders,
lienee the surplus in Juno does not justify the ex­ the currency weakness.
pectation of a surplus in succeeding mouths, even were all retired and a good bank note currency sub­
with disbursements confined to last year’s total. There stituted, there would be a further amount available
is little doubt, however, that if business revives in equal to the net gold holdings, 10l£ million dollars, or
1896-97 and if the appropriations had not been in­ say 200 million dollars in all, which could in that case
creased, the revenue law as it now stands would prove be disbursed to-morrow to pay funded and unfunded
sufficiently productive to provide for the outgoes. debt.
Below we give our usual table of Government cash
Unfortunately there is an increase the current year of
♦ 18,751,300 over last year in the appropriations, aud holdings on the 1st of July and on three previous
it is consequently highly improbable that revenue will monthly dates. These are the figures we have referred
in any presumable state of business affairs be sufficient to in the above remarks.
A p r. L ’ 93. M ay 1, ’ 93. Jane 1. ’ 96. J u 'y I. ’ 96.
to prevent a considerable deficit at the close ^>f the Holdings in Sub-Treasuries—
I
f
f
?
N e t s o ld c o in a n d b u llio n .............128,643,101 125,393.900 103.345,234 101,093,005
current twelve months.
N e t s ilv e r c o in a n d b u llio n .......... 20.570,661
2H.223.12l
28,364,054 36,724,949
July receipts and payments it is anticipated will N e t U . 8. T re a s u ry n o te s .............. 82,352,314 32,143,255 33,304.774 34,465,919
N e t le u a l-te n d e r n o te s .................. 79,932.634
77,401,035
87,683,201
89,839.058
show a very large adverse balance. That is likely first N e t n a tio n a l b a n k n o te s ............... 7,110,998 7,587.158 10,002,335 10,008,020
of all because a large revenue cannot be looked for N e t fr a c tio n a l S ilv e r....................... 15,246,374 15,459,003 15,637,424 15,730,976
in S u b -T re a s ’ s net.283.859.S45 281,213.372 283,*42,i32 280.679,727
until business has a chance to expand, and it cannot A mToout anlt cash
in n a tio n a l b a n k s...
27,010,994
26.698,591
20,952 972
16,857,355
have that so long as any considerable uncertainty hangs
Caah in ban ks & s u b -tre a s ..310.870,339 307.911,963 301,795,104 305,537,082
around the coming election.
Moreover, a3 already Deduct o th e r lia b ilitie s , *n et.. 39.228,591 36,821,302 37,0)1.893 38.104,935
A ctu al cash b a la n c e ............ 271,041.748 271,090,661 267,193,211 267,432,097
stated, the interest falling due the first of July and the
* “ C h ie fly d isb u rsin g o ffic e rs ' b a la n c e s .’ ’
first of January is about 7£ million dollars, or larger
than any other month of the year. Then, in aldition
AM ERICAN
IN VESTM EN TS . AND
to these facts there is the other important circum­
CORPORATE MANAGEMENT.
stance that July is always conspicuous for its large
In
the
“ Engineering Magazine ” for June there was
general disbursements. It is the first month when the
an
article
entitled “ The Fruits of Fraudulent Railroad
enactment authorizing the new appropriations goes
into effect and becomes operative, and on that account Management,” by J. Selwin Tait. The subject is a
it is reasonable to presume that the aggregate of the hackneyed one, the fallacies which it embodies have
“ ordinary” payments falling due will exceed the been time and again exposed, and it is only because of
average for all the months. Last year in July the the way in which Mr. Tait treats it that the paper
payments that fell due under the head of “ ordinary ” commands attention. For ourselves we must confess
(which includes everything except post office, pensions that we can neither accept his diagnosis nor commend
and national bank note fund) were ♦18,485,000 — or without qualification the remedies he proposes.
Mr. Tait’s purpose of course is altogether laudable.
the largest of any month during the year. They may
be even more than that this year, for besides the He would like to see American corporate securities
larger appropriations the outgoes on account of the occupy a higher plane as a field for investments. He
sugar bounty claims promise to b3 a very considerable recognizes and appreciates th 9 unique opportunities
item. We should not be in the least surprised if the which this country offers for the employment of capi­
total deficit were to reach considerably more than 10 tal. “ Thanks to its enormous natural advantages,”
million dollars in the single month of July.
he says, “ the United States is to-day the richest coun­
As the Treasury still holds a large surplus in cur­ try in the world, and this while its resources are not
rency, a deficit does not of itself entail borrowing. In half developed. Under ordinary conditions, the dis­
case of need the Treasurer emits the necessary quantity parity between its wealth and that of the richest of
of legal tenders to supply the demand. Of course the European countries must become more and more con­
emission diminishes the surplus in the same amount and spicuous, because the natural wealth of Europe has al­
tends to weaken the currency situation. The harmful ready been realized and added to its available assets,
effect on the currency is produced by making the money while this country is still largely undeveloped, and a
market easier, making money more of a drug through great appreciation in its wealth is inevitable. Here
an increase of the bank reserves, and so inducing the then we have a condition of affairs which ought to
transfer of capital to Europe for employment, and also place our Government securities, our railway stocks and
by increasing the volume of legal tenders afloat and bonds and all our investment stocks at the head of
thereby facilitating the withdrawals of gold for ship­ every competing security in the world, and American
ment. What is called the Treasury's available balance investments ought, without effort and simply by the
was at the close of business on the first day of July natural process of rising to their proper level, to be
♦267,432,097. Not all of that is by any means availa­ more in demand than those of any other country.”
ble to pay debts with. Indeed every dollar of it
Mr. Tait then refers to the large amounts lost in
which is put out in excess of receipt, under existing Union Pacific, Northern Pacific, Reading, Atchison
conditions of the currency, harms business in and Erie, and says that to day the investors of Great
some degree in the manner just indicated.
But Britain will not touch our securities at any price.
omitting that consideration, there are items included “ Our railroad securities enjoy the proud distinction
in the so-called available balance which cannot be now of ranking alongside the defaulting bonds of the
used. First of all the net gold reserve, ♦101,099,605, effete governments of Europe and of rubbing shoulders
should be deducted ; then the fractional silver, frac­ with the output of Spain, Portugal, Greece and Turkey..
tion currency, minor coin, Ac., included in the cash But even here we wrong these poor countries by such a
should also be deducted ; a further sum of say 50 comparison, for they paid while they could, and they
million dollars for a working balance would likewise never had any intention of deceiving the investor, and
have to;come ont.
Altogether say 170 million dollars were never accused of juggling with their books.”

JULY 4, 1896.J

THE CHRONICLE.

I t will at once be recognized that the picture i3 over­ the company or impair its earning capacity. The down­
drawn, and that Mr. Tait is prone to exaggerate. Bat fall of the company therefore was not due to that cir­
his line of treatment i3 more clearly revealed in the cumstance, but arose from other causes, and could not
extract which follows: “ The principal source of dis­ have been prevented in any event. As a matter of
trust in onr railways— apart from reckless competition fact, the company had been reorganized (without fore­
and the physical conditions of the country— and also closure) before these acts occurred, and the second re­
in our other corporations under suspicion, is the organization was necessary because the first had not
manipulation of the accounts. W hile it is probably been drastic enough.
safe to say— and I say it on good authority—
Of course it may fairly be claimed that our managers
that the books of such railway companies are have made errors of judgment, but this is a different
as well kept a3 they are in any other country, thing from dishonesty or the cooking of the accounts.
in
so far as good book-keeping is necessary Their mistake has usually been in taking a too hopeful
for the proper working of the business and the preven­ view of the future. As to this it is to be said that in
tion of loss from fraud by employes, the m imputation a country like the United States, possessing boundless
of the various accounts by the presidents or other high resources and boundless opportunities for growth and
officials of such corporations to suit their own views or development, sanguine views are natural, and within
interests is so well proved and is such a monstrous rational bounds are by no means to be condemned.
offence against public morals, both in itself and in its Besides, railroad officials can hardly be blamed for not
ruinous results, that the only wonder is that it has been having foreseen and made preparations for the tremen­
endured for a moment, or that Europe ever trusted us dous combination of unfavorable agencies and events
with a dollar after it had learned onr methods."
which has marked the course of railroad affairs during
There is no warrant for such sweeping remarks. the last few years. They counted on a continuance of
It cannot by any means be admitted that “ manipula­ prosperity in the industrial world, attended by farther
tion of the accounts” by “ presidents or other high expansion and growth, and doubtless except for our cur­
officials ” is “ well proved,” nor is the statement cor­ rency troubles this prospect would have been realized.
rect that the principal source of distrust is found Had the expectation not been disappointed, the outcome
in such manipulation. The “ distrust ” is principally of railroa 1 operations would have been entirely different
owing to the fact that so many of the investments in from what it has proved to be, and many of the
American railroad properties have proved unprofitable. schemes which have turned out to be failures would
I f they had turned out profitable, we should hear little have
been crowned
with
success.
In
that
of distrust. Nor can the unfavorable resnlts attend­ case, what now appear as errors of judgment
ing each investments bo ascribed even in minor degree would
be regarded as evidences
of
wisdom
to manipulation of the accounts, but must be as­ and sound sense. That the fault has not been with the
cribed to a great variety of other causes.
Among management to any extent, is manifest from the fact
the so causes may be mentioned the building of that besides the properties which have actually gone to
new lines into undeveloped sections where the imme­ the wall most others have suffered hardly I p s s severely;
diate return was not commensurate with the out­ nearly all large roads pay smaller dividends now than
lay ; the building of duplicate and triplicate com­ a few years back, and the staunchest and best properties
peting roads for which there was no need and have felt the pressure, arguing a common depressing
no business, largely with the aid of foreign capital; agency entirely apart from individual faults of managethe action of State legislatures and railroad commis­ me t. It is therefore unfair and a positive injustice to
sions in reducing rates; the change in railroad methods our railroad people to ascribe all the troubles and
caused by the enactment of the Inter-State law; the misfortunes of the roads to manipulation of the ac­
policy of the railroads themselves in failing to hold counts or to dishonest methods.
As M*. Tait has not given proper consideration to
their agents to a rigid maintenance of rates, and re­
peated failures of the crops. T o these must be added the causes which account for the unfortunate results
the influence of a vicious currency system in bringing attending railroad operations and railroad investments
the country to the verge of ruin, and, lastly, the effects in the United States, it is natural that his suggestions
of the panic of 1893 and the long period of depression of remedies should also be faulty in essential particu-*
which has followed. T o shut one’s eyes to these im­ lars. A 'ter saying that “ it must 3eem to all rightportant factors in the situation, and to proclaim that it minded msn that the situation is one calling for the
is manipulation o f accounts that explains the prevailing prompt interference of Congress, either through the
distrust, and to build an elaborate argument on this Inter-S:ate Commerce Commission, or otherwise,” he
unsound proposition, is not calculated to lead to correct makes three main recommendations as to enactments
to bs passed by Congress. The third of these (taking
ideas, but simply tends to befog the issue.
We know that after each failure of a larg i corpora­ them up in their inverse order) is that the
tion, charges of dishonesty and manipulation of the ac­ Companies Acts of Great Britain, “ which represent
counts have been freely made, but there has been only the costly experience— 33 well as the wisdom— of half a
one instance where manipu'ation of the accounts has century in regulating corporations,” be carefully exam­
actually been proved, namely the Atchison. In that ined and such regulations as are adapted to this country
case, the overstatement of earnings no doubt induced be considered with a view to adoption; that for the
some buying of the company's securities by persons proper carrying out of such a law Congress frame cer­
who would not otherwise have bought them, and the tain clear directions for the treatment of railway
effect generally of the disclosures was very dimaging. amounts, and with a view to preventing manipulation
But even here it is well to remember that the propsrty for Btock-j >bbing purposes attach a heavy penalty to
itself was not harmed by the reprehensible acts of the any violation of this law. Mr. Tait’s second regulation
management. .Mr. Reinhart was not accused of having is closely analogous to the third. He would have
helped himself to any of the moneys of the company, Congress prescribe a form of balance sheet to be ob­
and his acts did notsubstract a dollar from the income of served by the companies, and he would have the stock-

8

THE CHRONICLE.

[V ol. LX III.

not future prospects, but cash actually paid into the
holders elect auditors, who “ shall have the fullest
treasury, dollar for dollar, and expended, or to be ex­
power to examine the books at all times, and to call
upon the President, directors and officials f o r whatever pended, upon the property; or it shall represent prop­
erty certified by competent valuers to be worth at the
explanation or information they may require.
It will be observed that in both these recommenda­ time of purchase the full value paid for it in stock.”
It would be utter folly to attempt to enforce such a
tions Mr. Tait lays great stress upon the necessity of
policy
in the present stage of the country’ s develop
having a truthful and accurate system of accounting.
ment.
IIow much new road does Mr. Tait suppose
On this point of course there is no room for any differ­
would
be
built in the unopened sm tionsof the West
ence of opinion. But as we have already seen, the
and
South
during the next ten or twenty years with
difficulties of the railroads have arisen from causes
outside their methods of accounting. The mistake of such a policy in force? We know that the Grangers
supposing that if only it had been the practice here as and Populists will not allow carriers to make more
in England to have an independent annual audit, than an ordinary return on their capitalization, and
investors, domestic and foreign, would have been saved with thi3 capitalization repressiting only the actual
the tremendous losses which they have sustained in cash expended on tne property, the effic; of the policy
their investments, is very common among writers ou the suggested would be to give those putting out capital
Who
other side, but a very little reflection will show that it is in that way simply current iatere3t rates.
would
advance
money
under
such
conditions.
Before
nothing more than a pleasing fiction. Where railroad
companies have become embarrassed from causes not a man can be induced to engage in a new venture,
common to the whole railroad system, it has usually involving serious risks of loss, he wants an assurance
been from the construction or acquisition of too much that in case the venture succeeds the profits will be in
additional road, from the giving of too liberal guaran­ some degree proportioned to the risks he takes. The
ties to branch or auxiliary lines, or from other unwise capitalization of “ future prospects ” furnishes one of
ventures. Bat these are all cases which an audit can­ the means for obtaining such profits. That the risk of
not reach. They are questions of policy with which loss in new railroad enterprises is very considerable is
the auditors have nothing to do, but which must al­ attested by the large number of undertakings of this
ways be left to the managers and directors for decision description which have come to grief in recent years.
With the possibility of any considerable profits cut
— to be decided wisely or unwisely, according as the
judgment of the management may prove good or bad. off and with no prospect of a higher rate of return
As we pointed out only last week, auditors’ exami­ than the investor can obtain in a great many other
nations are well enough in their way; but they must ways without the same amount of risk, i3 it not ob­
be taken at their proper value.
They furnish one vious that the flow of capital into such enterprises
more safeguard against irregularities in accounting, would entirely cease? Would not the effect be to
but they cannot ensure wise management or afford induce those having money to loan to invest it in real
protection against errors of judgment on the part of estate mortgages (thus increasing the tendency to
those properly charged with the duty of administering landed investments which Mr. Tait so much deplores)
the affairs of the roads. In other ways, too, the limita­ or to employ it in other channels where the danger of loss
tions of an audit have been frequently shown. Even as was at a minimum? We can imagine that in the N ew
a check upon the accounts auditors’ examinations are England and Middle States, where the conditions are
not always conclusive, as the case we reviewed last week different, the policy proposed might not be harmful,
demonstrates.
Mr. Tait’s idea is to have the auditors but in the remoter parts of the country, where there
certify that they have examined the books, vouchers, will be during the next quarter of a century need for
accounts, etc., and that the balance sheet and income considerable additional transportation facilities, the
account furnish a true
and
correct view of policy could only be disastrous. There has been in the
the company’s affairs; and as showing the value last decade much unnecessary new railroad building,
of
these
examinations
he
says;
“ In
this and we should like to see some restrictions imposed on
country, where the word expert book-keeper is too future construction; but Mr. Tait’ s proposition would
often supposed to be the full equivalent of the London simply result in stopping it altogether; even the older
public accountant or the chartered accountant of Scot­ companies would not be able to prosecute new con­
land, it is unintelligible that there should exist a class struction and pay for it with stock issues, or- for that
of carefully-trained professional accountants, whose matter work of any kind, unless they could sell their
word is law on all questions of accounts, and who care no stock at its full par value.
more for the opinions of railway presidents on such sub­
jects than they do for that of the least important member GOVERNMENT FINANCES FOR THE FISCAL
of their office.” Furthermore, that the standing of these
YEAR.
accountants is so high that “ no one ever dreams of
The close of the Government fiscal year on June 30
questioning” their reports. As it happens, in the case makes interesting a review of the results and figures
noted last week we had an instance where the for the year. The task does not suggest pleasing an­
auditors’ examinations proved worthless, failing to ticipations. Time was when the national accounts
detect fraud which could have been discovered on the could be contemplated with much satisfaction. That
slightest probing, and where nevertheless the Court was when we were confronted with an overflowing
ruled that the auditors were not to blame, since they Treasury, with revenues largely in excess of the dis­
had accepted without question the statements of bursements, and when the record wa3 0 ie of continuous
“ tried” and “ trusted ” officials.
and noteworthy reduction of the public debt. The
As to the remaining one of Mr. Tait’s recommends situation of those days presented some difficult prob­
tions it is surprising that it should be seriously made. lems, as many will remember. The events of the last
This recommendation is as follows: “ Tnat in future few years have changed all this, and the change is in
all the capital stock of a railway or other corporation no small measure due to attempts to solve these prob­
over which Congress has jurisdiction shall represent, lems growing out of the earlier situation. We now have

J u l y 4, 1896.]

THE CHRONICLE.

to deal with accruing annual deficits, with a dwindling
gold reserve which becomes impaired almost as soon as
it has been restored, and with a steady enlargement of
the national debt.
That the fiscal year which ha3 just closed was in a
general way a disappointing one admits of no question.
I t opened under very promising auspices, and it seemed
as i f the year might mark the beginning of a new and
brighter chapter in the affairs of the nation. Under
the gain in confidence and st mulu3 to business afforded
by the contract between the Government and the Morgan-Belmont Syndicate for the purchase of gold and
the protection of the Treasury gold reserve, mills and
factories everywhere had started up, prices improved,
consumption increased, wages were voluntarily ad­
vanced, and the volume of trade rose to proportions
which suggested that a return of full prosperity and a
completerevivalintrademightbenearathand. The iron
trade— that never-failing barometer of the industrial
situation— was “ booming,” and the output of the pig
ron furnaces reached an aggregate never previously
attained. To make assurancs of a sustained improve­
ment (as it then seemed) doubly sure, Nature added
her bounties in the shape of excellent harvests of oar
leading grain crops— the yield in some cases, notably
spring wheat, corn and oats standing unsurpassed.
But these bright prospects ware soon destroyed. Tae
resumption of the gold outflow to Europe and the
growing pace of the movement made it evident that
our currency disorders were still without a cure, and
that if the beneficial results of the work of the Morgan-Belmont Syndicate were not to be lost, effective
aid must be rendered by Congress in the shape of need­
ful legislation for dealing with the currency situation.
The Syndicate for a considerable time made good the
losses in the Treasury reserve caused by the withdrawals
of gold for export, and even after they ceased doing this
(their contract having long previously expired), no
alarm or uneasiness was felt, and the industrial out look
continued favorable. Trade slackened a little from appre­
ciation of the fact that everything depended upon Con­
gressional legislation, but as the Congress about to con­
vene was a new one the business community was encour­
aged to hope that it would prove equal to the occasion.
This latter expectation was quickly disappointed.
The House of Representatives seemed to have only an
imperfect conception of what was wanted, while the
Senate proved to be more completely thaa ever in the
control of the silver people and Populists. Then
came an entirely nnlooked for shock in the President’s
message regarding the boundary dispute between Ven­
ezuela and British Gaiana. In the meantime the
Treasury gold reserve kept steadily receding to a point
where it again needed replenishing, and tbe Venezue­
lan message was speedily followed by another setting
out the urgency of the currency situation and asking
for prompt legislation in redress of the same. Tne
answer of the House was the passage of a bond bill
and also a tariff bill, the one of which was rejected in
the Senate after several weeks of wrangling and discus­
sion— or rather was transformed into'a silver free coinage
bill— and the other of which the silver Senators refused
to allow to come up for consideration. Failing of relief at
the hands of Congress, the President was again obliged
to issue bonds under existing authority of law. But
popular clamor forced him to resort to a public sub­
scription, and proposals were invited for 100 millions
of the i per cent bonds. The date for the opening of
bids was set several weeks ahead, and in the interval

9

doubts as to the outcome proved a serious disturb! ng
influence. The bellicose talk in Congress regarding
Venezuela and Cuba tended further to depress busi­
ness. As the depression grew more pronounced, the
silver element gathered new strength, and the attitude
to be assumed by the two great political parties, the
Republican and the Democratic, on this issue began to
cause anxiety and uneasiness. The Republican Party
was finally driven to the support of the gold standard,
the Democratic Party was evidently drifting further
and further away from it. Congress did not adjourn
until the 11th of June, and on the 2d of June the
Senate reached the climax in its policy of opposition to
everything that tends to promote public interests by
passing the so-called Butler anti-bond bill, prohibiting
further issue of Government bonds for any purpose.
Thus the state of things went from bad to worse dur­
ing tbe whole of the last six months.
It is important to recall these various incidents and
events which marked the course of the year, because
obviously they have such an important bearing on the
yeai’s results. The recital makes it evident that i f
the previous fiscal year was a trying one to those
charged with the administration of the national
finances, the late year was hardly less so. W ith those
facts before us too we readily understand why the
result for the twelve months has proved so much less
favorable than seemed likely when the period opened.
For we have to deal with a deficit of quite considerable
proportions. Roughly, this deficit reaches a little over 26
million dollars, not counting, either in the receipts or
the disbursements, the operations on account of the Na­
tional Bank Redemption Fund. As recently as last
December Secretary Carlisle estimated the deficit at
only 17 million dollars. But large though the short­
age is, the figures present some favorable aspects. In
the first place the showing is much better than for the
year previous, and still better than for the year pre­
ceding. While the deficit for 1895 96 is 26 millions,
for 1894-95 it was nearly 43 million dollars and for
1893-94 was but little short of 70 millioa dollars.
This shows steady improvement in face of great ob­
stacles, and in that sense is highly encouraging. I f we
include the operations of the National Bank Fund,
tbe comparison is changed a little, but there is
nearly the same relative improvement. For 1895-96
the deficit on that basis is $31,301,000, for 1894-95
$43,837,000, for 1893-94 $64,094,000.
When we come to look into the details of the reve­
nues, we find further room for encouragement. Here
is the yearly record of receipts and disbursements back
to 1879. The operations on account of the National
Bank Redemption Fand are not included in the figures
for any of the years.
Receipts from—
Fiscal Vears ending
June 30-

1879.............................
1«80............................
1881.............................
1M82......... ...............
1883 ..........................
1884............................
1S85.............................
1888............................
18*7..............................
1888.............................
188©.............................
1890.............................
1891.............................
1898 ............................
1893.............................
1894.............................
1*95............................
189«.............................

Customs.

Internal
Revenue.

Miscellaneous

*
137,250,048
18ri.522.065
198,159,676
820,410,730
214.706,497
195,067,400
181.471.030
102,905,023
217,286,893
210.091.174
223.832,742
229.668,584
219.522.205
177,452.964
203.355,017
131.818.530
152.158.617
160,634.351

•
113.561,610
124.009,374
135.264,386
146,497,595
144,720,369
121.586,072
112,408,726
116.805,937
118,823,391
124,296,872
130,881,614
142,606.706
145.6*6,219
153.971.078
161,027.624
147,111.233
143,421,672
146.508.265

*
23,015,526
22,995.172
27,358,231
36,616,925
38,860,716
31,866,308
29,720,041
26,728,767
35.292,003
35,878,029
82,335.803
30.805,602
27,403,903
23.513.747
21,436.988
18.792.256
17.809.786
10.146.611

Total.
3
273.827,184
333,526.011
360,782,293
403,525,250
398,287,382
348.519,870
323,690,706
336,430.727
371,403,277
879,260,075
387,050,059
403,080.982
392,612.447
354,037,784
385.810.629
297,722,019
318.390.075
326.189.227

THE CHRONICLE.

10
Expend

ftxmi |

Excess o f
Receipts.

prem ia
tn d ir.j

• OrdlHOn,.
o. j

j

P tr u ia n s .

j i utercst.

T ota l.

Purchaa

[VOL. LX ID.

from 159 million dollars in 1893 to 139 million dollars,
and the “ ordinary expenditures” from $196,856,004
in 1893 and $198,506,589 in 1894 to $177,410,936 in

1896.
What has been the change in the net amount of the
li#7&. . . . .
a,7w .
i m % .....
debt during the year F The deficit of the receipts for the
1,0*11.
W l . M . . . li s y M M i f t
twelve months, as we have seen, has been $26,042,243,
U 0 L .......
\
but the Government realized a premium of about
ISf*
**
M B R ......
11 million dollars on the February bond sale,
.. 108,496,1
and
allowing
for
this
there should
be an
134,630,443
8,970
If***.........
increase
in
the
net
debt
of
only
about
15
million
153,379,352 17,902
IbSfL. . . .
20.301
...
dollars.
We make the debt, less cash in the
iKMOG.Crl*' 10,401
treasury, -July 1 1896, $955,297,254. Is is diffim lt to
iw a .......
say
just what the debt was a year ago on the
1 * 4 * ...,.. i 196,*0
same date.
The debt statement then did not
18&5........ i 1&M&3,039
I r t * ------- 1 177.410,930
report as outstanding the foreign half of the
* A llo w in g f o r th e prem iu m s paid. th< ctaa! excess In 18SS is $119,012,116;
bonds issued to the Belmont-Morgan Syndicate,
and in 1891, $37,239,703.
8 18 S P , 11 06 .0 0 3 ,4 4 4 ; In 1890. f 105.341,4V
It will be observed that each of the three great divi­ while on the other hand the gold received in payment
sions of the receipts, namely Customs, internal reve­ of the same had already been paid in and consequently
nue and “ miscellaneous,” records an improvement counted in the Treasury cash. Hence on the face of the
over the previous year. The Castoms duties indeed return the debt appeared to be about 31 million
show a progressive increase, for starting with $131,818,- dollars less than its actual amount. A Iding that on,
630 in 1893-4, there was first an increase to $153,158,- we figured the net debt at that time as $932,830,667.
617 in 1894-5 and now to $160,534,351 in 1895-6. Comparing thi3 with the 8955,297,251 fo : the present
O f course eve’ry one knows that in 1893 4 the amount year, the increase for the twelve months would appear
was exceptionally small, having been reduced both by to be about 22-J million dollars. The difference between
the panic and business depression and by the prospect this amount and the 15 m illioi dollars reached above
of lower duties a ider the new tariff law; and that in is referable to some feature of the bond opera­
1894-5 the varying effects of the changes made by that tions this year or last, or some of the other
law and the varying dates at which several of the numerous items in the accounts, which "ary from
schedules went into effect disturbed results. The year to year, and which have to be taken
point of chief importance is that the total has risen into consideration in order to arrive ? the exact
considerably from the low point of 1892-3, notwith­ amount of the debt at any given time. I t is proper to
standing many adverse conditions. In the internal add that the debt statement itself doe3 not purport to
revenue receipts there was at no time any such marked show the net amount of debt. The computations are
contraction as occurred in the Castoms revenues, and our own, based however on the figures in the state­
the total at $146,508,265 for 1896, compares with ment-. As regards the interest-bearing debt, there has
$143,421,672 for 1895, with $147,111,233 for 1894 and apparently been an increase of 131 million dollars,
with $161,027,624 for 1893. This latter was the maxi making the amount now $817,363,890. Actually the
mum total reached iu the whole of the eighteen years increase has been only one hundred million dollars, the
given in the above table ; but as a guide to the future difference arising out of the fact already mentioned
it should be remembered that the whiskey tax now is that a year ago the foreign half of the Syndicate loan
had not yet been entered in the debt statement.
$1 10 against only 90 cents under the old law.
One of the important cha iges of the yeir is found
Of course we have as yet had nothing to show
the full productivity of the new tariff law either as to of course in the Treasury holdings of cash. A3 the
Customs or internal revenue. Secretary Carlisle last result of the previous year’s bond sales, the available
December estimated the Customs receipts for 1895-6 at cash balance had then been increased from $117,584,$172,000,000, which is 11£ million dollars more than 436 to $195,240,153 ; in the late year, as the result of
they bave actually proved to be, aud the internal rev­ last February's bond sale, there was a further increase
enue has also fallen 111 million dollars short of the ex­ to $267,432,097. Tais is the amount after deducting
pectations at that time. Tqu3 we have a total differ­ the current liabilities, la cash in banks and sub­
ence of 23 million dollars, and doubtless a good portion treasuries there was an increase during the twelve
of this expected additional revenue would have been re­ months from $230,719,643 to $305,537,082. T a e gold
alized had not trade taken 3ueh a decided turn for the reserve, however, notwithstanding the 100-million bond
worse. The extra revenue would have served to restore issue, was only $101,699,605 July 1 1896, against $107,almost an equilibrium between receipts and disburse­ 512,362 July 1 1895. Tne increase has been chiefly
ments. As to the probable results for the new fiscal in the holdings off legal tenders, which are reported
year, everything depends upon the course of trade. $89,389,658 July 1 this year against $26,166,560 a year
Bat we have dhcusBed that point in a previous ago. Of silver the Treasury holds $36,724,949 against
article. Expenditures, judging from the appropria­ 829,965,754; of Treasury notes, $34,465,919 against
tions voted, will bo larger, and that tempers somewhat $30,109,692; of national bank notes, $10,668,620
the satisfaction felt over the gradual reduction in the against $4,643,489; of fractional silver, $15,730,976
expenditures during the last three y+ars. For it will against $16,553,845, and in depositary banks, $16,857,be seen that the aggregate of the expenditures for 1896 355 against $15,768,941.
Tne net gold holdings
is reported as only $352,231,470, against 8356,195,298 reached their lowest point (according to the official
in 1895, $367,525,280 in 1891 and $383,477,954 in daily statements) on February 10 at $44,563,493, and
1893. This reduction has occurred in spite of an in­ after the bond sale went above 123 million dollars in
crease of several million dollars in the interest require M treh, and held there q rite a while, but they are
ments.
The pension payments have been reduced now down again, as stated, to $101,699,605.
*

j

$

$

$

*

»

6,870,300
105,327.940 266,047.881)
50.777,174 05,767,575 367,642,0581 65,883,653
280.7l3.883l
100,060,105
8$,608,7-11
61*045.194 71,077,207 257,im.410| 115,513,810
66,0)2,571 50,100,131 365.408,1881 132,870,141
65,429,288 54,578,378 344,126.24 4 j 104,393,020
03,403,771
56.103,287 51,380,256 260,225,035
d3,404,8»H 50,580,140 248.483,1381 03,056,589
75,023,108 17.741,577 267,088,180; 103,4Tl,097
*0,288,501* 14,715,007 267,921,801.111,841,374
87,624,779 *1,001.484 20fl,3S3,978j .87,761,081
100,938.855 36,090.284 318,010,710 +85,040,874
124.415.951 37J547,135 865,773,0051 +26,8:18.643
9,014,454
134,583.053 23,378,110 315.023,330
2,341,675
159.357.558 27,204,392 383.477,964
141,177,285 27,541,400 307,f 25,260 df.09,3O320l
359,105.808
a
f.1
‘2,805333
141.305,229 80,978.030
180,431.010 l 35,580,488 362.231, *'0 (If.20,042243

Ju l y

THE CHRONICLE.

1896.j

4,

11

^regats of b’9 per csnfe, Tao totdl iq ei^h. yoar 0 D 3 p ic 33 only
a v e business days, in caaseq isoos of fchs F j u ' cIi of J u ly
The following statement of the public debt of the holiday. So far as fche iadivnduil cities are c jug>ruei N 3 ^
\ork: exhibits an increase of 9'0 psr cent for the fi70 days
United States on Jane 30, 1896 is made up from ending Friday and tha gains afe o c.her points are, B ->ston 2-9
official figures issued on that day. Lower down we per cent, Baltimore 15 7 per cent, Caioago 7*4 oer cent and
New Orleans 3-8 per cent. S t Lents records a loss of 0*3 per
give an interesting exhibit of the bonds issuel in aid cent and Philadelphia 0 7 per cent. Ic should be berne ia
d iys end­
of the Pacific R silroads, and the Treasury cash holdings, mind, however, that this yeiFs ftgtiris for the
ing with Friday cover one more business day than those for
all of the same date.
last year.
D E B T

S T A T E M E N T

i n t b r e s t -b e a r i n g

Tt&te o f D rift—

4Ms, Funded loam, 1S&1,
Continued at 2 p.
4s. Funded loan. 1907-.
4s, ile fim d ’jr certifies.
5s. Loan o f l& n . . . . .
4s. U m n o f 1985.,

debt

A m oun t

Tatermt
payable

25,304,300

7iQ.*m£m 490,327,0)0
40,O18,75O

10 2 ,r

i .

so .

1896.

isse.

€m\yon.

Registered.

iHJiMd,

100.000,1100

Ti

junk

SO,

.1m ount r.utsta filin g . ■

23O.0M4OOO
- a.

J U N E

" •*“'

m S m 'i so
0,500

$

Week E n d in g July i .

0I.BA3INGS.
Returns by Telegraph.

1896.

..............
25,304:,500
60.309,250 559 630,850
........
17.1 i '
a i,0 7 r «s o ioo.ooa.aoo
73,m SB) 163,318,4 0

i.293.ea8.s5o 963.701,959 i s 3 , e u « w

m f u i s C J U J U : ........

lotnL

84,804,865
18,993,570
5,591,464

+3*6

S e v e n c itie s , 5 d a ys . . . . . .
O th e r c itie s . 5 d a y s ......... .

*885,887,732
158,927,461

$825,432,716
140.011,247

+7-3
+13*5

T o t a l a ll c itie s , 5 d a y s ....
A il c itie s , 1 d a y . . . . . . . . ___ . . .

$1,044,815,193

$955,443,933
181,906,927

+8*2

T o t a l *11 c it ie s t o r w e a k -

$1,044,815,198

$1,147,370,890

-8 -9

w 7 .3es.8ito
June 30.
*9*9,1 so 00
* '

N e w O rle a n s.

Ajorregste o f debt bearing no interest.............. . ................... $373,728,570 14
R E C A P IT U L A T IO N .

June W,
mm,
I

CimHfetttbm of DtM

M m 31.

Incream or
Itecrm M .

1«06,

la c. 1.875.309 09
Dee. 0*0*0 00
I no. l 3.519 50

T o ta l 81-os* d e b t . . . . . . . .1.2^2,729.^5 - 49 USr30,*MP.«K* 99
Cm h balance In Trea su ry.. 2**7, m i / m 79
267,193,210 70

Ine. 2.059,739 59

Debt* Interest ceased.......

XJXM J0fi) M

D eb t bearing no interest*** 373,7-3**579 14

T o ta l net deb t.. . . . . . . . . .

053,207,253 70

+7-4

Another table, our usual monthly detailed statement o f
t r a n s a c t i o n s on the various
York Exchanges, has also
b e e n crowded off of the first page.
The results for t h e s i x
m o n t h s of the current ysar are, however, given below and
for purposes of comparison the figures for the correspond­
i n g p e r i o d of 1895 are also presented.

I

$

845,488,&90 09
1JU5 9.0 m
373,5 W > 5 1 *M

Interest-f:H?art ii4C deb t. . . . . . &47JMP M m 00

-f-9'0

69,620,515

D ebt o s which in terest has ceased................1 1 .0 1 5 ,9 7 0 20
D E B T B E A R IN G NO IN T E R E S T .
Unit.?d States notes............... ........................ ......................... .$340,681,016 (30
Old demand not e a .... ... . . . . . . . . . . .
............ ........
544147 50
N a tion a l Bank note« —Bmletimmam accou nt........................ ........ . - M jM M m . SO
VtteiiOttKt oorr&ney..... ...................... .........$
t o m MBOunt estim ated «a tm t o r d es troy ed . . . . . . . . . *,375,954 00
-------- — —
0,801,184 U

P i r Cent.

$550,231,953

D E B T O H W H IC H I-H T E R B S T H A S C E A S E D S IN C E M A T U R I T Y .
M ay Z h
Funded Loan o f !$ & * m a tu m l Septem ber 2 ,1891.. $393,150 0 >
O M d e b tim tu re d p rio r and suAs&guent to J an. 1,"®1. 1*252,880 26

1895.

3599.533,298
93,799,451
60,573,117
16,220,175
91,081,077
18,880,377
5.792,239

WSL476,400 SO

I nr. 23%880 oO

In c. 1,820^053 50

, « r .'froths. 1896.
Description...

P u r Value
o r Q uantity

A ctu a l
Value.

S ix Months. 1895.
A m Pge P a r Value
Price. or Quantity

A ctu a l
Value.

l Aver’ga
P ric e .

31.390.308
I S a f w r w S ! IS4M88s.lt! 65-9 j 13.039.257305 [ 173123 Lin 2 57*1
1219.800.670 $172,181.^0; 09*0
rift, bonds. , ilftf.39O.HS0, *138,476.067 72*0
$6,198,4 3 i j 115*0
G o v t bond* 4i t .* a i,sno f g i, i m j n i \110*3
*L 5 i:j,W »;
«85L753| 6-r3
$1,3)5,087 33*5
State bonds
u $ m
*500,036171*9
$297,441
$494,432 160*2
Bank stocks

The foregoing figures show a gross debt on June 30, 1899
(interest-bearing and non interest-bearing) of $1,232,729,650 10,
1+293.754860 i i . s i T o o o a u ^ o
T o t a l- ... *^51761078 *1.70957886! 60-7
and a net debt (gross debt less net cash in the Treasury) of
19,0 50,200 $013.5 >9.155 $32*24
20.074.200! 1700,651,000! $37*83
Cotton. , bis.
$935,297,233 70.
1,103,203,620 $771,713,3 *9| 60c.
Grain, both. 573,781,*366] $372+02+71; 65c.
Pacific Riilroad bond) are never ialluded in the official Total value..
lj:I,»073J8'.i8!
total of the Government debt. The status o f these obligations
Trie transactions of the Stock Exohangs Clearing-House
to-day is as folio vs. Methods of bcog-keeping make the from June 21, down to and including Friday, July 3, also
official record unintelligible to mo it read ora, and hence we the aggregates for January to lu ie , ind isive, in 1396 and
have brought together in out compilation the leading facts 1895 are given in tabular form below.
relating to the subject,
•TOOK EXCHANGE CLEARING HOUSE TBXN0AOTIQNS.
BONDS

.—

IS S U E D I N A I D O f P A C IF IC It A II, ROADS.
R>6--fei i r t m i i n i - .
p-ifei. w <1i f * o f m a tu rity .— —»
accumulated in t,
Already Du*. Jan,. Dm. Jan, Da* fan.

Sam e
P r i n t -p a t . J n U 't * U
jx tu u
1,1807.
1,1898.
1.1893.
. of
Centra! P a t fie
.
w 0 t% tm
__
„ Pacific,
___
m * v
..... ..
KAtMsiW
, tju x ijm n fX’A i.m n M&BkW*
UoiGn p*, mr.. , .Tr.iPR'u ja.w* tJi t j t : >,«»* s*49,*«m ts.aibMi 34 5 7.0 0 0
380,000
646',WO t m . t m
Gantt. Hr. 0 . P ...... U$aM®0
W m to rn Pacific.. -. l M 6 j m
3,1m M *J
.........
tW M m
1
m m k a t j k P m ., i ,02*320 2, p m m j h
........
.........
* M lk * » r.•••»., S&M&J&IM

11,993,W - 9,712,W

m j m M Z UJMMMQ

The cash holding* of the Government as the item* stood
June 30 we take from the Treasury statement o f that
date. The n e t cash balance given below is the same as de­
ducted above in reaching the n e t debt.
CASH

IN

TUB

B a m .............................................................. 9 t.sir.06i l J—( U i .o t t .s m 01
S ilver— ie ,lia r*........................................................ IT S S H .etiO O

Sublunary a,In......................................

IA,rr>9TS 2!

Silver

i

13.593.500
12,030.690

51I.8M.71* M

437.00
oo

O ’rtlflcutcs
dcp«w (Act. jm m % 1872),
150,009 00
dtflc& U s o f timpmit
Mtttonai honk n m m ........
10,668,019 £3 - 178,3
Other—".Bond.#, iaterfe^t arid < otipoa* paid, awattl o t fciuibanscm ciit,......... .............................
fi
m
M in or.eolaan d frakstbuuaieurreacy,..
I.Mo M B 2B
Vmpf'Mitm in nistd bank dcp^lterliaip-giittT a cct„
Srfi8«,4*ll 42
i m M n i f om <xm d ftalAiaiW i...... 6 ,7 «» *03 24 - i 8,i h .o m 00
A j a o t w a t c . «......... .
1852,905.0i5 51
D E M A N D L1A B TLITTE S.
Gold 0«rt4f)m l«9 .......................................
, #42.818189 00
_________ ___
M 2S 19 M 4 99
i liv e r m rtk& m tm
C m tm m im o f d c r w lt t m J a n e % 1872............
$1,900,000 00
T r e m o r m m * otiS& ct.........
................
no—.#54 7,110,973 0&
Fund f o r redetnu. o f tanew-mmi » 4 t 1 hunk note#
*UD7,4§0 94
D«4*t#adljEi# c h « * r » and d a f t * .............. .
...
8 481,977 6fJ

8

---- —

- B a l a n c e s , o n e s i d e ------ - S h e e t 8
S h a res. V a lu e S h a res. C a sh . C le a r e d .

702.100.900
19,057,790 1.207.500.000
16.799.200 1.001.809.000
28,270.100 1.003.400.000
17,395,0»>0 1,101.2>0,000

1.091.000
007,500
1.493.000
1,710,50f>
3.151.000
2,070.100

6 mo* ... l»W.O‘.0.700 0.575.200,000

10,511,000

896,200.000

1N9«l*n«ary... u j m 5oo
foiiwwpy. 17,004,900
March. ... i-' • 7 "•*

907,700,0 >0
LOdS.OOO.OOO
1,060.600,000
A ortl...... . 54 6 52.210
981,000,000
........ 10.24*1,000 750.8)0,000
lae«.. .... 16,109,000 1,132.100.000
« rno-i. .* 89,421 800

TREASURY.

OeM-Colo................................. .............IllI^BS.ate M

B a r * ..................................................................... « » .
T S~
P a p e r -U n lto g Slate* notea................ ............... m .3 S » «5S « o
T rea m ry M m o f ! * » > .......... ...........................
M ,| i» »J 0 M

S h a r e s , b o t h s id e s .— *
C le a r e d .
T o ta l V a lu e .

5 970,1.00,000

~ -S h a r e s , b o th s id e s ,— .
C le a r e d ,
T o ta l V a lu e .

S

J ‘D6 2 2 .
** 23. .
" 21
" 2i
•* 26

7 1 7 ,0 0 0
89 f , 0 ) 0
7 4 0 ,900
8 il,8 )>
59*2,40)

5 0 ,8 0 0 ,0 0 0
8 1 ,7 0 0 ,0 0 0
0 0 .4 0 0 ,0 )0
7 1 .8 0 1 ,0 ’ 0
5 1 ,4 0 0 ,0 0 0

I,ni 4,390

1,9 )5,5fl0
1.631,500
1,689.100
1,132,000
1.59H00
10,667,400

$

63.700.000
65,000,009
85,400,000
04,500,000
102,900,000
114.500,000

$

1,483.100
1,133,500
1,920,400
1,399,300
2,157,200
1,544,000

570.OOO.03O 9,614,100
88,400 090
106,300,000
91,000,000
1)0.200,000
0i.MO.OOO
95.900,000

38,716

1,445.000
1,364.400
1.452,800
1,233,300
923,800
1,32 >,500

6.811
0,408
5,733
6,307

550,300,000 7,741.600

38,515

0,876

0,201

.------ -

B a l a n c e s , o n e s i d e , — — %S h e e ts
S h a res. V a lu e S h a res. C a s h . C le a r e d

_

7 3 ,4 0 )
89,903
8 ',7 i0
01,0 )0
5 2 . 5 )0

i

S

4 ,4 0 0 ,0 0 0
47 ,3 0 0
5.3 >9,000 1 0 3 ,690
4.5 0 0 ,0 9 0 1 2 2 ,990
5 5,400
4 ,2 0 0 .0 0 9
70, LOO
3 ,9 0 0 .0 >0

T o t. w t 3,7 9 9 ,2 0 0 293,900,000
i r Itla .t rr 4 ,8 5 ’ ,S0O 3 2 0 ,5 0 0 ,0 0 0
J *o e 29 1,2 97,80 0 107,600.000
•* 3 >. . 1,605,700 113 ,800,000
J u ly I , . 0 1 6 ,4 0 0 6 8 ,5 0 0 ,0 0 0
••
2. .1 ,2 0 8 .8 0 0 8 2 ,8 0 0 ,0 0 0
**
3 . .1 ,0 2 6 ,0 0 0 6 6 ,9 0 0 .0 0 0

311 ,509 22,3 Ol.OOd
5 6 3 ,0 0 0 3 2 ,3 0 0 ,0 0 0
7 ,1 0 0 .0 0 0
10 >,200
161 ,200 1 0 ,800,0 09
9 >,6 >0 5 ,5 )0 ,0 0 0
7 ,3 )0 .0 0 0
121,100
103,100
5 ,4 )0 .0 0 0

r o t . w k . .6 ,0 4 4 .5 )0 1 3 7 .600,000

538 ,2 00 3 0 ,1 0 0 ,0 9 0 5 0 9 ,2 0 0
4 35 ,100 2 3 ,3 0 0 ,5 0 0 4 3 9 ,8 0 0

W k la .,tyr4 ,0 3 0 ,5 0 0 298 ,1 7 9 ,0 0 0

0,434
6,515
6,540
0,434
7,391
6,402

3 9 6 ,3 0 0
55 5,500
1 1 2 ,2 0 0
13 0 ,2 0 )
91 .8 0 0
1 1 3 ,8 )0
9+400

303
318
297
279
261
1,461
1 ,6 01
321
339
316
335
312
1 ,6 23
1 ,1 84

The stocks cleared now are American Cotton Oil common,
American Sugar common, American Tobacco common, Atch­
Agency-a*>x»tt.nfc*, A c .. . . . . . .
. . . ____. . . . . . . ...
Sjs15.199 01 - 39,3‘ 2.505 $1
ison, Central of N. J ., Chesapeake & Ohio, Chica o Burlington
G old tmtsfvm ... . . . . . . . . . . . . . . . . . . tloo ,00o,o/''0 00
Net L-aah hsOanc*?. ....................... 167.43.%099 7 0 ................... .
267.431,090 70 Sc Quincy, Chicago G is , Chicago SiOiwaakee Sc St. Paul com­
mon, Chicago & North Western common, Chicago Rock Island
A
m
&
o
m
t
o
.
,
|8.'■3.905,035 51
& Pacific, Delaware & Hudson, Delaware Luekawaina &
N * t caab balance in tb o T r m m r f M a r 2 1 , 1 0 9 6 . . . . . . . . . . . . . 2ft7.J93.2in 70
N e t na0.l1 balaacf>fQ the Treasu ry June 29,1896..................,..#237,-432,090 70 Western, Distilling & Cattle Feeding, General Electric, Lake
Shore Sc Michigan Southern, Louisville & Nashville, Manhat­
Increase dartiur th e m on th .,
1238,830 00
tan, Missouri Kansas & Texas preferred, Missouri Pacific, New
York Central, New York L*ke Erie & Western, New York &
Clearings bp T elegrap h .-S ale* <*f Stocks, Bunds, & e .— New England. New York Ontario Sc Western, New York Sus­
Sto-k E jelu n g e Cieai-inj-!fi>n«e Transactions—Tne sub­ quehanna Sc Western preferred, Northern Pacific preferred,
joined statem *nt, -overing the clearings for the current week, National Lead common, Philadelphia Sc Reading, Southern
Usually apf> ar* on the first page o f the ClIROHIODE, hut Rail wav common and preferred, Tennessee Coal Sc Iron, Texas
on aco>iint o f the length of the other tables is crowded out Sc Pacific, Union Pacific, United States Leather common and
once a month. The figures are received by telegraph from preferred, United States Rubber common, Wabash common
the leading eitiea. It will be observed that as compared with and preferred, Western Union and Wheeling & Lake Erie
the eorrseconding weak o f 1895 there is a decreaaa in the ag- common.
Dlsbw^fag offleet ** ’dmkasm

.... ......... .. f 1 JltiMsit «7

THE CHRONICLE.

12

[V o l . LXI11,

m

middle of August and would meet again in the middle of
January to finish the Education Bill. The announcement has
T , 1(.. it ir.au of Statistics has issued a detailed statement of created widespread dissatisfaction in the Ministerial Party,
K n o w n o f the country for the month of May, j and there are rumors already that the Government w ill after
iv.w'i and 1893, and for the eleven months ending -lay d 111 a]j have to hold the objectionable autumn session, or else that
1895-06 a n d 1894-05, as fo llo w s
it w ill be compelled to drop the greater part of the Education

IM P O R T S A N D E X P O R T S F O R M A Y .

M E R C H A N D IS E .

May.

_

1 1 mat. end. May 31.

Bill.
The muddle in public business has had a depressing effect
upon the Stock Exchange. The rumor that a collision has
$313,971,764
T o ta l.......................................$66,325,169
$341,630,792 taken place between Venezuela soldiers and a British survey­
Imports—Free of duty............924,795,200
378,629,985 ing party has likewise had a disquieting influence ; and the
D utiable................... 32,168,710
$723,260,747 spread of the Matabele insurrection destroys the hope felt so
T o ta l.......................................$56,963,910
$92,711,017 strongly last week that the rising was nearly put down. The
Excess o f ex p orts................................. $9,561,259
$739,654,506 nomination of Mr. McKinley was a foregone conclusion, and
1891-95.—E x p o rts-D o m es tlc.............. *62,732,194
12,915,829
F oreig n ....................
1,534,985
has made little impression here, while the currency plank in
$752,570,335
the St. Louis platform is regarded as not very much im prov­
Total....................................$64,207,179
$332,490,743
Im ports— Free o f du ty...........
337,817,178 ing matters. Upon the Continent politics are quiet. The
only event that has excited much interest is the visit of L i
$670,307,921
Total....................................$66,029,954
Hung Chang to Berlin, where he has been received with great
$32,262,414
E x c e ls o f exports.................................
...........
attention; and it is reported that negotiations are going on be­
Kxoess o f im ports..............
$1,761,675
tween him and the German Government for important trade
g o l d c o in a n d b u l l io n .
concessions to Germany.
$105,394,070
1995-96— E xports............................. - f 19,103,913
30,888,524
Money continues exceedingly abundant. Short loans are
Im p orts.............................
610,204
freely
made at % per cent, and the discount rate is not very
$74,505,546
Excess of exports............................ $18,493,709
much higher. Everything points to a long continuance o f
Excess o f Im p o rts ...........
.....
$65,999,542 cheap money, and though for the moment speculation has
1894-95 —E x p orts................................ $1,585,071
33,051,343
Im ports................ .......... .. . . . . .
4,8oo,‘. o l
been checked the general impression prevails that business is
$32,948,199
Excess o f e x p o rts ........... ....................
about to expand very rapidly.
Excess o f im ports................................. $3,271,193
The silver market is steady; American mine-owners are
GOLD IS ORE.
still
selling on a small scale and there is a moderate demand
$37,341
$7,022
1895-96.—Exports.
1,640,958 for the Far East. The Indian Government continues wonder­
101.570
Imports......
$1,553,617 fully successful in the sale of its drafts. W e believe that its
$94,518
Exoess of Imports..
$333,391 success is mainly due to a Chinese demand. China has been
$2,710
1894-95.- Exports.
1,034,138
194,752
Imports...... .
importing large amounts of goods, chiefly cotton, from India;
$700,747
Excess o f Imports...............................
$192,042
and it is paying for its purchases by the buying of Council
SILVER com AND BULLIOS.
drafts here, which are immediately remitted to India.
$55,515,178
1895-96.—Exports.............................. $5,159,130
The Stock Exchange in all its departments has been very
11,929,660
Imports__ ....____ . . . . . . . . . . . . . .
564,332
quiet throughout the week, and prices generally have given
$43,585,518
Excess of exports............................... $4,594,798
$43,139,481 way somewhat. "Monday jand Tuesday were exceptionally
1394-95—Exports.............................. $1,555,076
8,592,916 hot for this country, and many operators consequently ab­
Imports.__ ___ ___ . . . . . ___
756,290
sented themselves. Oa Tuesday the Ascot races began and
$31,546,565
Excess of exports................-........ — $3,798,786
attracted many people from the city.
Further, there has
S IL V E R IN ORE.
$583,346 been considerable selling both on Paris account and by the great
1895 96.—Exports..............................
$35,807
14,241,202
Imports...................................
1,386,140
South African magnates, owing mainly, it is understood, to
$13,657,856 the liquidation of the insolvent accounts taken over last
Excess o f Imports......................
$1,350,333
$32,767
1894-95.—Exports..............................
940
Imports........................
$1,191,132
9,582,740 autumn and winter. It w ill be recollected that almost all the
members of the Coulisse were plunged into difficulties during
Excess of Im ports.............................. $1,190,192
$9,549,981
the autumn, and that they had to be assisted by the great banks.
Now that prices have recovered the banks have been liquidat­
F a il u r e s f o r S e c o n d Q u a r t e r a n d S in c e J a n u a r y 1.— ing on a large scale.
The difficulties were by no means as
The following figures, prepared by Messrs. R. G. Dun & Co.,
large
in
London
;
but
still’a
good deal of help had to be given
show the number of failures in the United States and Canada
during the quarter ending June 30, 1896, and the six months. by the leading South African magnates, and they also have
For purposes of comparison like figures for the corresponding been liquidating for some weeks past.
periods of the preceding year are given :
The continued selling by the great magnates here and by
-------- 1896.---------, ,-------- 1893.
No. of
No. o f Amount o f
Amount ot the leading banks in Paris has somewhat alarmed operators,
Second Quarter.
Failures. Liabilities. Failures. Liabilities. who for the moment did not understand the meaning o f what
New England Slates....... ___ 350
#4,172,256
325
$3,474,490
Middle State*.................. ___ 859
13,625,430
735
19,799,509 was going on. It is believed that the liquidation is now
Southern States.............. ...... 478
6.851,329
500
5,160,196 nearly completed ; at all events the selling has stopped and
South western States...... ...... 231
2.2C 6,376
202
1,409,868
Central States.................____ 522
9,189,441
492
5,259,583 there has been during the past day or two large buying by
V extern States................
2,033,335
323
3,934,792
Pacific States and Territories. 331
2,366,380
278
1,987,823 leading operators in Paris. Confidence is thus reviving, and
after the fortnightly settlement next week the general ex ­
Aggregate United 8tates. ... .2,995 $40,444,547 2,855 S
$41,026,261
pectation is that there will be a very considerable recovery in
Dominion ot Canada......
$2,815,249
351
$2,317,790
the market.
-1896.-------- . .---------- 1895.--------,
No. of
Amount o f No. o f
Amount of
Early in the week there was more doing- in American se­
S ti Months.
Failures. Liabilities. Failures. Liabilities.
New England States...... .
800
$10,409,349
811
$10,726,238 curities than for a long time past; but the belief is w ide­
MlddlH States.................... 1,875
32,582,298 1,687
33,728,009 spread here that the mere maintenance of the existing currency
Boutbern States ................ 1,175
17,003,520 1,351
14,811,431
Southwestern States.......... 633
8,087,972
506
3,528,788 the system is not enough: that there ought to be a contraction
Central State*..................... 1,215
19,265,997 1,036
15,040,680 of currency, and therefore the currency plank has not given
Western States................... 616
5,405,904
666
6,465,773
PacificStatesandTerritoUs. 682
5,114,842
600
4,539,025 the confidence which many expected. Indeed, when it was an­
Aggregate United States.7,026
$97,869,682 6,657
$83,839,944 nounced that the Convention would declare beyond all doubt
for sound money, the speculators sold very largely on Thursday
Dominion of CaDndn...........1,122
$3,560,789
907
$6,537,985
and Friday.
South American securities have shared in the general stag­
nation, but there has been no material decline in prices.
[From oar own correspondent.!
Consols gave way somewhat on the report of the collision in
L o n d o n , S a t u r d a y , June 30, 1896.
Venezuela, and so did most of the high class securities, as
On Monday, Mr. Balfour, as leader of the House of Com­ well as British railway stocks. On the Continental bourses
mons, called together his supporters at the Foreign Office and quotations are fairly well maintained, but there is not much
announced that the Government felt it impossible to carrv the doing. In Paris, the proposed taxation of rentes is causing
Education Bill this year, and was unwilling to hold an autumn much dissatisfaction, and it is reported that many sm allhold­
session; consequently, Parliament would be adjourned in the ers are still selling.

1895-96.—E x p orts—D<m i«»tlo.. . . . . - . .

* 7; f ^ 2 9 2

gffonetarijsIflPrameycialgnQlisfr&etps

THE CHRONICLE.

Jcly 4, 1896.J

The declaration in Parliament by the British Government
that negotiations are in progress with the Government of the
United States both for a definitive treaty of aroitrati jn be­
tween the two countries and for the reference to arbitration
under proper conditions o f the frontier question with Venez­
uela, and that the Government will present papers to Parlia­
ment relating to both branches of the question, without delay—
is regarded here as foreshadowing an amicable settlement of
the difficulty.
The rates for money have been as follows :
Interest allowed
for deposits bp

Op tn Market Rates.

Trade Bills.

Bank Bills.
5

May
-

-’-2 2
2D 2
i 2
1* 3
19 2

Disc’t H'st

Three ! Tour
Six
Four
S ix
Three
Months M om m M o m hi Months Months Months
13-16
13-16

13-10
13-16

13-16
13-16

tq i%«i*l
ifc l*

1*4

At 7 to U

Stock

Banks. Call. Days

lq

q

IH

%
H

q

q

q

q

q
1
1H
1%
q
ii-ia i l l *
i«iqi%ai% iq®iq hi
k
q
q
M
n-ia 11-16
i ti-* iq<*i% iq*iq
*
q
The Bank rate o f discount and open market rates at the
chief Continental cities have been as follows :

June
“
-

h i a - i « H 13 -16 H 13-16

Rites of
Interest at
Pari*.............
Berlin............
Hamburg.......
Frankfort......
Amsterdam....
Brussels.......
v tenon..........
St. Peter*oarg.
Madrid..........
CopenikMren ..

q

June 10.
Bank
Rats.

June 12.

t
S
3
J
8

s
8
8
8

Mi

8

2%
3

iq
/%
2M
274
2*4
■H
Mt
«q

8

S

ft

*q
*q

&

<9*
b
3*

*q

8

*t

June 5.

Open Bank
Market Rate.

Open Bank
Market Rats.

4

s
3
3
8
3
3
«

1*4
244

-•q
*h
344

«q
4*

8

8

3

May 29.

Open
Bank
Market Rate.

4*

8

t
3
3

Open
Market

iq

3
3
8
ft
6*
**
8

2»4
sq
:q
214

«q
sq
6*
‘ -ft
3

The follow ing return shows the position o f the Bank of
England, the Bank rate o f discount, the price o f consols, &c.,
compared with the last three years :
imn.
1NP0.
1804.
Junt 17,
Juru 20.
June it».
£
l
£
Circuit ton.........................
26.339.615 23.3*4.490 24.8*3,49 >
9,209.901
13,150,7?“
M87.976
PaMic deposit*. ...................
Other deposits .. .............
32.323.345 37.HJ2.270 Sft.196,247
Governmentsecurities .... ... IS ^ ‘3.022 13.931.339
2B.T34.469 2l.033.3lft t0.4J5,«3
Other securities
Reserve of note* end c >lo .
39.33M?* 29.363.341 303*3.067
Cots A bullion, both deperttt.it 49.079.193 38.147.331 OT.878.667
63
70 7-16
Prop. reserve (o liabilities. .p. c. 59 13.16
2
Beak rate ................ per oent
2
2
106 7-18
Console, 2 \ par cent ............ 112 13-16
101 5-16
• it 13-164.
Silrer
.........
.... ........
30*4.
31*4.
Clmrlog U<,aM return* ........ M6.4r4.0M 130.7J9.000 131,474,000
•Jane 21.

1*93.
21.
£
26.143.410
7,373.349
32.218.778
11.203.017
26,277.213
19,911. j 44
29.604.933
2H
6* 13-16
364.
130.431,(00

G old .— In term itten t Inquiries h « r c served to absorb a ll the gold on
oiler, and the total o f 6270,000 which has reached the Bank t« mostly
m ade up o f S overeign * fro m A ustralia
62 5,000 has been withdrawn
fo r Maita.
A rriv a l*: A ustralia, 6130.000; China. 636,000; India,
634,000: C apetow n, 6127,001; Chill, 65.000, Lisb on, 6S.OOO. Total,
6407.000. Shipm ents to B om bay. 623.300.
BUver.—Th e m arket has been v e r y steady and has ha i l l y altered In
price. Th ere Is a fa ir dem and, and A m erica Is not a h eavy seller.
A rr iv a ls : N e w Y ork , 6121,000: Chill, 6 30.UO3; N ew Zealand. 65,000.
T o ta l. 6156,010. Shipm ents to Bom bay, 623,500.
M exican D ollars.—The last p ric e at which basinets took place In
these O' In was 30 %d Th ere are none offerin g a t present. Shipments
to Pen an g. 6 l7 ,3 0 o .

The quotations for bullion are reported as follows ;

Bar gold, fin e ___ ox.
Bar gold, partio* oe
S p .n l,b Otd.......oi.
DO
N .w ..... OI
U. 0. cold eola.. -.ox.
Germen gold eoin.o«
French cold coin.ox.

June 13
t.
77
77
76

<L
'.q
0

76

2

9

76 SH
76 sq
76 34,

J w i' u -

SILVER.
|
London Standard, Jun4 l8* June U .

d.
dm
jfi.
31 5-16
H 9 * Her • Uver. fine. ox. 31 7-16
31
11-16
77 94* Ber s ilv e r , contain- 31 13-16
8344
76 0
in# 3 gr*. g o ld .. ox.
76 2
Ceke eilver........ ox. 33 13-16
76 34* Mexican doUars~ox.
3<*H
soq
7« s q
76 3U

S.

The follow ing shows the imports o f cereal produce into the
United Kingdom during the forty-one weeks o f the season,
compared with previous seasons:
iMPogrs.
1893-96
lm poruofw h«at,cw t.31.833,810
B a r le y ......... .......... 18,310.000
Oats............................ 10.692,330
Peas.......................... 2,077,610
Beans....................... 2,757,922
Indian c*.n>................35,366.570
Flour......................... 16,003,070

1894-95.
-.5,679.966
20.9wr.8t4
11,573.227
1,837,139
3.515.772
20,107,514
15.142.660

1898-94.
49,897.793
23,637.007
10.342.201
1,962.134
4.132.221
27,938,545
13,190,950

This week. Last week.
Wheat................. qrs. 2,189,ouO 2,225,000
Flour, equal to qrs.
271,000
270,000
M a iz e .................qrs.
560,000
550.000
E n g lis h

F in a n c ia l

1895
3,655,000
272.000
383.000

M a r k e t s —P e r

1894.
3,210,000
337.000
603.000

C a b le .

The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending July 3;
London.

Sat.

i f on.

Silver, per o z............. d.
Consols, new, 2% p. cte.
For account...............
Frchrentos (m Parl8)ir.
A.tob. Top. A 8. F e .......
Canadian Paolrto.........
Chesapeake & Ohio......
Cblo. Milw. * 8t. Paul
Denv. Rio Grande, vtd
Erie ...............- ..........
do
1st preferred.
Illinois C entral.............
Lake 8hore......... ..........
Louisville A Nashville..
Mexican Central 4s......
do. Kan. A Tex. com__
N. Y . Central A Hudson
N. Y . Ont. «fe Western...
Norfolk A West'n, pref.
Northern Pacific, pref..
Pennsylvania...............
Phil. A Read., per shart
Southern Ry., coin.......
do
prePd...........
Onion Pnoifle...............
Wabash. p r e f ............ .

31 f 18
1133,fl
113%
101 10
14%
62^
15%
79»*
49
14%
35%
96%
157
51%
71%

311*
113310
U 3 5 ,r
100*95
14
62
15
77*«
48%
143*
35
95%
156
49%
71%
11%
99
141*
9%
17%
53%

ll^ S

99 **
14%
9%
17%
53%
7%
9%
28**
7%

17%

Tuet.

Wed.

7%

9%

8%

9%

271*

•28

7%

16*

9%

27
7%
16%

7%

16%

F ri.

Thurs

31i*
311*
317,6
U3S>16 11311,6 113%
1131i , 6 113‘ 3U 11311,,
100*92 100-80 01*421*
13%
14
137g
621ft
62%
62*4
15
15
14i*
77%
77
70‘s
4 *! 3g
4S%
49
143*
14%
15
34
34%
34
95%
96
951*
156
155
xl55
503g
49 %
50%
71%
69%
69%
1138
11%
111*
99
9S%
X981*
14%
14%
14%
9%
9%
93ft
17
17%
17
53%
53%
54
7%
7%
7
26%
7%
16%

313s
1139is
1135s
101*60
14
623j
15
77i§
48%
151*
34%
953*
13d
50 ^
691*
11%
99
143s
9%
17
54
7%
9*8
26i*
7%
16%

(K’Oininevctiil»n(l m iscellaneous
GOVERNM ENT REVENUE AND EXPENDITURES.—Through the
c o u r t e s y of the Secretary of the Treasury, we are enabled to

place before our readers to-day the details of Government
r e c e ip t s and disbursements for the month of June. From
p r e v io u s returns we obtain the figures for previous months,
a n d in that manner complete the statement for the fiscal years
1895-98 and 1894-95.
R E C E IP T S (0 0 0 * o m i t t e d ) .

June

Messrs. Pixley & Abell write as follows under date of
June 18:

GOLD.
London Standard.

13

The follow ing shows the quantities of wheat, flour and
maize afloat to the United K in gd o m :

1892-93.
47.338,772
13,'(93.492
10.633.143
1,305,426
3,355,366
24,892,331
16,358,936

Supplies available for consumption (exclusive o f stocks on
September 1):
1895-96
1394-95.
1893-91.
1892-93
Wheat imported. cwt.51.S33.310 5\679,968 49,837,793 47.338,772
Imports of flour....... 18,0 3.070 15.442,660 15,190,950 16.353,936
Sales o f home grown. 13,000,213 17.933.874 13,131,378 22,449,760
T o t a l...... . . . . . . . 80,827,123 89.058.300 83,570,621 86,197.468
1895-98.
1894-95.
1893-94.
1892-93.
Aver.prieewheat. week25s Id.
25s. 94.
23s. 9-1.
27». 4d.
Average pries, season..25 a Id .
20s. 4d.
25s. 9d.
26s. 95.

1884-5.

1885-6.

S.Bk.
Cue- Inter’. Rsd'p. Misc’l Total.
toms. Rst'us Fuiul. S'TCU
9

1

feb ...
ttarch..

14.077
15.680
14.851
14.S47
11,466
12,16b
17.377
13.0-is
18,344

A p ril..
M e j^ .
Ja n e.

11,288
10.V50
11,362

12^96
12,172
12.2d0
18,764
19,04c
12.751
11.176
10.807
11.536
11.202
11.550
13,332

182 2,094 29.251
356 1.142 29.300
476
636 28.026
487 1.610 30,208
61C 1,491 26.606
862 1.360 26.661
433 2.301 31,375
90S 1.346 27.031
341 1,161 26,382
178 2 <i-8 24.729
235
734 23.4419
1,314 S.090 B M W

12 m<*>f. 160J3I 146.608

5.966 lO .l 4 7 j 3 3 2 . i 5 5

M ir-..
fttu
iept...
O c t...

Nov....
D e c ....
Jen.......

•

Cue- Intsr'l N.Bk.
Red’v. Misc'l Total.
toms. Rev’ut Fund. Srces

«

•

d is b u r s e v e s t s

1

«

*

t

t

8.427
1U806
15J0J6
12,408
10.201
11,203
17,606
13,335
14,030
12.600
12,475
12,130

25,20t
27.562
0,182

888
638
1.506
1.820
2,481
1,241

1,182
1,050
874
1,823
1,376
1,200
1,876
603

35,697
41.050
24,217
22,104
21,892
23,098
29,008
23,101
25,985
26,842
25,686
25,008

Jane..

7,7 #4
9,304
9 .1 1 ;
8.860
0,855

1 ,1 0 0

213
514
760
414
383

1 1 .0 1 0

10,764
11.811

080
2,457
2,043
1,674

162.749 143.568 12 058 10.993 325.36 8

(OUOs o m l r t e d . )

1896-6.

Jail..*.
in * .
4epu.
Oct
Nov...
Deo
Jen.....
reb ..
March.
April..

«;t%e

1894-5.

Ordinary.

S.Bk.
Pen- In- H-.i (, roioi.
lions. terest Fund

%
18,485
18,437
13.310
17.434
12.865
14.125
16.423
12.164
UJ*ri
IS.7S0
12.803
13,687

t
12.755
12,80.'
10,708
11.891
13.236
11JJ67
9,967
12317
11,710
10,078
12,^04
11,300

%
7.308
1.840
296
5.168
2,009
822
0.0H5
2.268
07S
5.141
3.820
458

«
074
647
035
599
1,000
010
1.U9
1,103
914
684
1,115
1,119

t
39.522
33.215
26.255
35,0021
28,298
26,733
33,404
27.852
28.186
29,683
20,642
26,504

Odinary.

S.Bk'
PenIn- Red'pTotal.
sions. terest Fund.

I
10,732
19,411
17,411
16.460
15,510
14,004
17,381
11,705
13.818
15.484
13,906
11.181

1
12,902
11.336
12.590
11,053
12,03/
12,330
10,054
14.380
11,623
11,986
12,002
10,204

1
7,014
912
322
5,194
986
110
7.0S8
1,521
200
5,520
1,751
208

1
942
716
770
720
1,157
H is
1,414
1.339
1,270
1,090
1,278
1,220

1
37,590
32.374
31,093
33,439
29,034
28,247
36.937
27.055
27.007
34,080
29,837
22,012

12 mot. 177,411 132.124 35,*-6 i 1.2261383,456 183.828 141.391 30,916 18.070 309.206

Bonds H eld by N a t io n a l B anks .—T he following interest­
ing statement, furnished by the Comptroller of the Currency,
ihows the amount of each class of bonds held against national
Tank circulation and to secure public moneys in national bank
lepositaries on June 30.
U. 8. B o n d i H eld June 30, 1890, to Secure—

*A*c.r\pi\wi of Bondi.

Public Deposits
m Banks.

Currency 6s, Pao. R R ...
5 per c<nti, 1894..........
4 per ote.,funded 1907..
4 per oente. 1895...........
2 per at*, funded 1891..

$■>80,000
1.535.000
12.195,000
1.785.000
1.033.000

Total........................

$16,928,000

Maok
Cironlution.
*10,040,000
13,057,850
151,950,450
31,783,550
22,078,100

Total Held.
$10,926,000
14,592,850
164,145,450
33,068,550
23,111,100

$228,915,950 $245,843,950

C o i n a g e b y U n it e d S t a t e s M in t s . —The following state­
ment, kindly furnished us by the Director of the Mint, shows

THE CHRONICLE.

14

[You LXIII.

The follow ing is a statement o f the exports (exclusive of
he coinage at the Mint* of the United States during the month
specie) from the port of New York to foreign ports for the
of June and for the six months of 1898.
week ending June 29 and from January 1 to d a te:
Six Months 1896.

June.

Denomination.
Pieces.

$
1,091,320 21.826,400
26.278
262,783
83,836
419,13 J
..........
5,885
14,712

Double eagle*.......
B ailee..................
Half eagle...........

I ]ft,070
6.96ft
19,020

Quarter aaglo* .....
Dollar* ..

27

67

Total g o ld .........

140,982

2,471,217

Standard dollar*..
Ha 'd o llar*...... ...
Q uail*: dollam ....

1,500,12ft
339.048
1,001.12ft
300.12ft

1.500,12ft
109, 24
25l.« 3 i
30,013

3,143,423

1,950,693

2,076,425
6,819,7bft

133,521
08,198

Total ailver.........

1893.

Pieces.

$
2.313,4' 0
6 .V 5 )
9ft, 100

f iv e cent*...........
On* corn...............

EXPO RTS PROM N E W T O R K FO R TH E W E E K .

Vain*

Value.

Total minor.......

9.496,210

202,019

Total oolnacr___

12,780.615

4,623.929

Amount outstanding July 1, 1896* ...

7.500.412
1,099,315
2.950.412
690,412

7,500.412
549,608
737,0 <3
69,011

E X P O R T S AND IM PO R TS O F S P E C IE A T N E W

Exports.
Gold.

Week.

12,240,* 51 8,856,71-1
5.033,412
22,351,572

251,670
223,516

27.384,981

475,186

40,832,854 31,854,972

notes Jui t' i, 1806................................. .

$1,292,238
902,716

\8nxceJan. l \

$ ......... $11,719,260
...........' 6,566.313
950,000 19,20 ,725
...........I
565,271!

South Am erica......
A ll other countries.

2,782.517
25,00 J

Mexico. ...............

$950,000 $40,866,086
12,200 34,444,242
2,915.06 )l 67,581,874

Total 1896.
Total 1895.,
Total H94.

Week.

Week.

$19,984,509

Total 1896.
Totiil 1895.
Total 1891.

389,522

B r e a d s tu ff*

$11,132,466
2,164.948
207,281
4.271,133
208,573
471.853
48,763

$15,256 $18,505,017
1,201.265 21.385,452
107,712
9,513,679
Imports

Since Jan. l

Week.

$572,200 $21,739,931
...........I 2,829,626
...........
11,360
______
341,351

*7,437

65 i
22,192
10,275
101

$172,200 $25,021,781
747,9911 17,097,877
516.203 17.791,769
B r o u g lit

SinceJan 1

$.

99,028
485

F ig u r e s

\SinceJa•» i.

10,026
1,222
3,659
349

Exports.

Silver.

VORK.

Im p o r t s

I

Great Britain.........
France....... ...........
Germany...............
West Indies .........

Legal Tend, r Holts —
Amount ou deposit to redeem national bank
Amount deposited duriuc June.......... ......
Am’ i rei*6uedond bank notes retired In June

1896

Total 25 woi'k-i $169,611.321 813 1.353,228 8 l65.S3S.614 >’ 83.810,109

Great Britain..........
France ...................
Germany
...............
$225,200,348
West Indies............
$1,684,67?
Mexico.....................
972,065
712,612
South Am erica.......
$225,912,96 3 All other countries..

N a tio n a l Bank Holes—

ISAS

The follow ing table shows the exports aud imports of specie
at the port o f New York for the week ending June 27 and
since January 1, 1898, and for the corresponding periods in
1,207,319 22,523,072
1895 and 1891:

C hanges in L egal T enders and N a tio n a l Ba n k N otes to
J c l y l.— The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank
notes June 1, together with the amounts outstanding
July 1, and the increase or decrease during the month;
also the changes in legal tenders held for the redemption of
bank notes up to July 1.
1 meant .•atstandtiu' June 1, 1896.......
A mount issued during Juno...................
A mount retired during June..................

1891.

For tile w ee k ..1 *7,18M I7|
*7.238,483 $6,716,315
$8,748,677
Prev.reportsJ. 162,453.107 173,116,74» 159,092,303 130,061,432

64,414
484,082
646,320
44,939

$39,2 21 *1,247,292
19.449
853.193
84.P94
823,703

F ro m

Page

39

- file

3 atements below are preoared by os from the figures o f the
l $20,374,031 New York Produee Exchange. W e first give the receipts at
•Oiroulatlon of National Gold Bauks, not included In above, $87,587. Western lake and river ports, arranged so as to present the
According to the above the amount of legal tenders on comparative movement for the week ending June 37, 1896,
deposit July 1 with the Treasurer of the United States to and since August 1, for each of the last three years:
redeem national banknotes was .820,37-1,031. The portion t f
Receipts at— Flour.
this deposit made (1) by banks becoming insolvent, (2) b
Wheat. | C orn.
Oafs. 1 Barley. | -Hid ,
banks going into voluntary liquidation, and (3) by banks
Bbls.lddlh Bush.00 Ibe Bush.Sl lb Buth.3t lb J9u»h.48
Btt.sa ib
reducing or retiring their circulation, was as follows on the Chicjigo......
33/09
53.010 1,393,593 2,027,707
93,9 >3
13,204
first of each of the last five months:
Milwaukee..
49,8:o
150,150
59.150
490,000
08,800
11,400
Amount on depos't to redeem national
_ b.tnk nofcra July 1, 1 i96.............

Deposits by—

Mar. 1.
$
8 T8,087
4.662,029

Apr. J.

May 1.

June 1.

July 1.

$
$
*
.$
801,885
713,695
678,722
829.717
4,751,589 4,665,108 4,672 068 4,989,193

Insolv'Dt bkf*.
bKe
Reu'c’it under’
(o tu f 1874* 16 504.395 15,951,326 15,319,303 14,633,719 14 555,121
T otal...... '22,044.511 21.504,^00 20,698,106 19,98 4,509 20,374,031
L l q u M 'g

* Aot of June 20. 1874, and J uly 12. 1882.

N a tio n a l Ba n k s .— The following information regarding
national banks is from the Treasury Department:
N A T IO N A L B A N K S O R G A N IZ E D .

5.045. The Fourth N itloual B oik of AtUut i. Georgi ». Capital, $ 103,000. Jaiues W. huglish. PresidiQt; J o h i K Oltley, Cashier.
CORPORATE

E X IS T E N C E

EXTENDED.

2’ 336-“ ^ eo ^ f b l T „ r MrSJu^e,117n.al9Bl18‘ k ° f Smyrna' D6laWir6- U
Jersey, until

a'339-“ TX « ofWh u .io ^ 03aue 2 *
IN L IQ U ID A T IO N .

938.—The City National Bank of Jamestown, New York has <rone
da'tld
“ “ by re80luUoa ot h 9 stockholders
5,184.—The Portland National Bank, Portland, Oregon, has gone info

S S S fW ^ e * ^ S n “

S jj!#f ‘U 8t0L'k"°lders datad

IN S O LV E N T.

1,777-~ T,lc National Bank o f Jeflerson. Texas. Is insolvent and was
'
t' Uu<’ d
tho ‘‘ a11'19 of Thomas J. Kogt-rs,Tie
8.965.—The Sumner National Bankof Wellington, Kansas Is in solvent
H* c.Tver.OU JUU6 20 l'Uu°d ia lhe hands™ ” : s i i i * & £ £ £
The First National Bank or Chonov, Washington is Insilvenf
^
27 P' aCud 10 * * ^ ^ o f D. K.

U pcibts and Exports for the W eek .—The following are
the imports at New York for the week ending for dry goods
June 2.» and for the week ending for general merchandise
January.
________

tot“ U SiDCe the beKlnllinl? of the first week in
_______

F o r Week.

1893.
$2,211,855
8,003,210

T o t a l......
SinceJan. 1.
Dry good* ...
Beu’l merMiae

*10,215,065
*71.451,892
245,716,006

1894.

|

$1106,489
5,276,477;
*6,182,968

1895.
$1,972,330
6,667,068
*8,639,398

•40,014.417 $71,381,807
166,517,717; 179,346,116

*1,297^852
6,582,864
$7,980,718
*54,462,824
174,848,998

1,3.0,885
783,500
27,500
0,180
S3,477
142,434
10,800

5,720
15,340
25,800
17,383
22,853
85,500
203,100

176,957
252,310
7,300
19,793
29,988
155,155
481,950
2,1*0

1,0,016

28,3.0

92
1.5C0
3,60)

185
3,00 3

The receipts o f flour and grain at the seaboard ports for the
week ended June 27, 1896, follow:
Receipts at—
New York... .
Boston.. .......

..

Flour.
bbl8.
104,031

Wheat.
bush.
3-8,? 25
268,718
341,40^
56,319
42,202
18.574
116,219

Baltimore..
R ich m o n d ..
T o ta l w eek.

Corn

Oats,

288,375
202,472
125,727
133.P5.)
1*\730
25,280
105,551

932.700
207.300
118,090
l-i i,S30
306,814
0,122
56.895

... 290.030 1,152 023 1.008,0M :1,773.443
109,791 1,133,405 89J.13L

Hue,
209,^60
642
2,070
800

busa

34,500
IP,200
55,001
2,216

.... ...
4.085

110.917
5.825

The total receipts at ports named in last table from Jan. 1
Receipts o f—

1890.

1895.
7,821,93L

1894.
10,072,130

1893
8,952,271

...bush. 21,715,882
... “ 39,583,411
... ” 29.374,708
... **
4 309.053
1,133.845

15,011,807
18.851.406
19,081,583
1,507.419
188.55S

14,005,804
31,857,123
17,ho1 392
1,7-8,704
115,083

85.*41,760
25,10X,934
22.208,363
2,020 >80
099,794

Total g ra in0......... 90,119,989

54,040.773

65,168 700

83,699,043

Oats ...
Barley..

Rye......

The exports from the several seaboard ports for the week
ending June 27, 1896, are shown in the annexed statement:
Wheat,
bush.
674.077
294.021
Portland — .....................

bush.
701.231
41,228

C om ,

Flour
bhls.
68.572
28,019

Oats.
bush.
703,570
19,886

P h ila d e lp h ia ............
B a ltim o re ..................
N ew O rlea n s ..........

187,330
224,OUO
1O0.000

8,000
391,815
24,693

1*1.084
71,701
1,081

20,000
59,950
50

200,001

110,052

2/00
20,625

50,000
108,119

17,003

10,828

Total week.........1,010.032

1.373,118
70S. 240

190,882 1,021,575
173.304
11,315

•15,005

19.201

Export* from -

Y o r k ..................

Boston

1896.

115,005
3,041
1.9 0
1,500
1,230
20,820
3,450

•*
Tot.wk.’90.
234,851 2,654.(02 1,828,739 3,643.290
341,471
50,700
3ame wk,’95.
140,111
837.049
793,538 2,337.794
70,591
18,914
Same wk,’94.
290.20 J 1,530,977 2,151,079 2,087.414
37.~92
21.10S
Since Aug. 1.
1895-90 .... 10,093.195 193.395,665 111.796,183 140.700,750 33,706.321 3,895,090
1894-95 .... 11,274,137 140,362,915 70,267.920 92,469.331 31,194.^84 2,582.397
1893-94 .... 12.883.2P7 145,755,0351144,875.958 114,2.5,222 28,346,830 3,349,745

N ew

FO R E IG N IM PO R TS A T N E W T O R K .

Dry good* ...
Gen*1 fner*(li<M*

Duluth......
Minneapolis.
Toledo........
Detroit......
Cleveland...
St. Louis.....
Peoria......
Kansas City.

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

Norfolk

Nenujo:

M o o tre
real —
S a m e t i m e 1 8 9 5 .......

o5 8 .O 1 0

Rye,
bush.
28,062

Pecs
busn.
2,373

.........

51,107

lh e destination o f these exports for the week and since
Total 21 week. *317.167,894 f206.562.134 $250 727 929
September 1, 1895, is as below. W e add the totals for the
*233,311,822
corresponding periods o f last year for comparison-

Ju

ly

THE CHRONICLE

4, 184)6.]

E xporti to r

<— — —Flour.-----—, ------- Wheat.-------* --------- Oorn.-------W ot*

toeek a n l since Ju i< 27.
S s v t . lt o —

H a lte d K in g d o m
C o n t i n e n t ..........

U - a America
West Ladies. ..
Brit. N\ A. Cci'«.
Other countries..

b^ls.

130.550
2 1 27 )

12.3*4
1V0*8
2.275
15.292

Since Sept,

Week
Since Sept.
Week Since Sept.
J u n - 2T.
L 1895.
June 27.
1 .1895
bush.
bush.
bush.
bush.
bbls.
28,106.190 623.783 1L.S90.A21
8.505,773 1/S7.713
188,865
9.475.150
360,731 33/70 855
992.131
______
20.TO6
3.2S1
60>.211
1.161,773
............................ 3.5X1 11.251 620,18 >
952,073
. .. . ...
3,60)
9.287
385 878
284.753
63,454
1.033.13! 335.776 2,360,Sdl
157,06)

1. IS95

15

— Messrs. Harvey Fisk & Sons, 24 Nassau Street, have had
a large demand for c it-ir little book entitled, “ Wages, Fixed
Incomes and the Free Coinage of Silver.” The boot is writ­
ten in a popular vein; i: presents the arguments of the silver
advocates and gives the aus vers in each case so clearly as to
be appreheuded by the most ordinary intellect.

— Cnecks for the semi-annual dividend of four per cent on
the preferred stock of th° Join B. Stetson Company will be
mailed to stockholders. Dividend payable 15th inst.
T q3 visible supply of grain, comprising the stocks in
— Messrs. Redmond, Kerr & Co.’s July investment circular
granary at the principal paints of accumulation at lake and
will be found on the last page of the Q uotation S upple m e n t
seaboard ports, June 27, 1898, was as follows:
issued with to day’s CH aoxicm .
Barb
Oats
Oorn.
Wneat,
Hsu,
bush.
bush.
bush.
5us*i.
in itor« at—
— Mr. Arthur Lincoln has been admitted a member of the
416.001 1,539,060
53.000
4 000 bamking firm of Chas. Fairchild & Co,
H e w T o r t ___ ____ ... 2,501.000
S?,O0O
26,000
33000
Do afloat....
2
0
,0
0
0
100,000
Aibanr.............
173,000
131,000
319.000
IS1,000
Baflaio.............
City R a ilroa d Securities—Brokers’ Quotations.
Do
afloat...
1
.4
76,000
307,00)
5
.6
7
7
,0
0
0
...13.636,000
10,000
Ofelcago...........
Do
afloat...
2,€00
49,0JO
339.000
28.000
Milwaukee........ ... 490.000
Bid. Ask.
Bid. Aslr.
Do
afloat...
lV,0>0
363,000
", 9,002,000
iiijm
213.00 A.tlan. A ve., B 'k lyn —
D. D. E. B. & Bat’y —Stk. 165 167
Do
afloat..
Con. 5s, g., 1931..A & O $104^
1 1st, gold, 5s, 1932.J&D 112 115
' 20,000
41.000
TTT 2»5,ooo
65.OOo
Tolsao,.
Im pt. 5s, g., I934..J
35
«100 102
Do afloat...
B
eek.
3t.
<k F a l.F .-S tk .
27
31
Eighth Avenue—Stock... 340
12.000
8.000
77.
63,000
Detroit.
l b t inort., 7s. 1900. J .feJ 2107 110
100
Do
ooklyn Rapid Transit.
21% 2 m !42d&‘(^r. St. Fer.—Stock 315 827
8.000
57,000 BS way
Oasrego
A7th
A
re
.—Stock.
192
195
4‘
2
d
St.
Man.
<
fc
St,N.
Av.
53
60
15.00)
i.ooo
93.000
1st inert.,5a, 1904.J&D $ 1 0 i h 108
1st mort. 6s, 1910.M&S 4 i i s q 12 6>a
Q.i/00
Do afloat...
2d mort., 5s, 1914.J&J J108
2d mort. income 6s. J&J
68
72
2,000
2>.O0O
{,000
Cincinnati.......
B' way 1st, 5s, guar. 1924 {114
L ex.A ve.& Pav.Ferry 5s. 114 114*4
:o:4ooo
2.0.000
2d 5a,Int.aa r e n tT .l905 ) 104 ^ 106
Metropolitan Traction... 101 101 **
1.000
74.000
21.000
Consol. 5 s.1 943 -.J A D 116 1101* Ninth A venae—St-ook... 160
30,000
31^.000
6,000
42,00*
...
00
Montreal—
Brooklyn C ity—Stock.... 167 169 iSeoond Avenue—Stock.. 160 161 j
... 23590^.0
.000
2 R.090
156,000
PCflatlet phia
le t niort-,5a,1909.M&N 109*3 110
Consol. 5«,1941-..J& J m u 113 hi
11,00)
246.00')
2,000
10,0W
Peoria..... Bklyn.Cro38t’ n58.1908 203
Debenmte 5s, 1909.J&J 101 103
63.000
.000
1.000
In i.atjap.*. I,
23.000
3>.*»0
BkPn.Q’ nsCo.dfeSub.lat 100 102
Sixth Avenue—Stook___ 194 199
... 0500.f>
K)
5.00O
ttar.'a, City.
'.54.000
302,000
Bklyn.C.&N’ w t’ wn—8tk 170 190
... 173,000
19.000
Third Avenue—S to ck ... 17434 175
Balticoore. .
U.000
.24,000
83.000
41,00
120 121
...16.6*9,000
5a, 1939 ............. ....... {110 112
1st mort., 5s, 1937.J
Mmng&poH*

Total .... ...... 191.-<42 10.057.5S7 1,810,012
558,018
Tote! 1391-95___ 173.-1 10.790.952

O q M iM iiiip p I R t r e r .
O a L a k e s . ............... .
On c a n u 4 a 6 r i v e r . . .
T o ta l J a n e
Toca* J a n e
T La) J u n *
T o ta l J a n «
T o w J u ly

72 V.6 0 0
552,00-)

8 M 8 9 6 .47,450.000
20.1 1* * ) . »8 8 10.000

2 \18VS i 15 51,000
30.LS91 t ,6 57.000
I.I8 J 3 4 U 17.000

.

39.0.8,581 1.373.118 79.739.321
39,625,1*4 768,216 23.5l5.2ll

81,000
H45/M)
2 -V6.00 0

47.0)0
I.fVf.QOO
1,225.000

116,000

8,76 ).000
9.970,000
W.O.S.OOO
141.000
8.076.000

8 ,71* .0 0 0
8 U*5. J0 0
7.018,000
SL *77.000
3 340,006

1/17.000
U M l/M O
146. < » )
S57.00O
33L90O

fl,

io.oys

81.000
50, OX'
739,0 0
U.'i7 G«>g
1 U .w 0
4 >1.0uv

— Attention is directed to the ottering by tbs New England
Loan & Trust Company of its six per cent debenture bonds
secured by real estate first mortgag-s deposited with the
Farmers' Loan & Trust Company as trustee. Prom pt pay­
ment o ' interest and principal and twenty year.,' business
without loss to clients are among the features claimed for
these bonds, described at length in a book giving infor­
mation regarding the company and its securities, with a list of
institutions and individuals who have invested with the
company for years. This book will be furnished on applic­
ation at its office, 34 Nassau Street, New York,
The adverliem eu t will he found in the Q u o t a t io n S c p p l e m knt issued
to-day.
— The old Arm of merchant bankers, Maitland, Phelps &
Co., on July 1 became Maitland, Coppsll & Co. Mr. Arthur
Coppell, son of Mr. Gsorge Coppell, its senior, becomes a
pars tier.
The history of the house of Maitland, Phelps & Co. runs
back over a period of a hundred years. It was established
July 1, 1796. by James Lenox, an ane< stor of the late Robert
Lenox of New York, and William Maitland, undar the firm
name of James Lenox and W illiam Maitland. In 1»12 Robert
Maitland of Virginia, and afterwards David S Kennedy, were
taken in, and the firm became Lenox, Maitland & Co., and
then Kennedy & Maitland, and later Maitland, Kennedy &
Co., and Maitland. Comrie & Co. The business of the house
under the style of Maitland, Phelps & Co. was begun on the
1st of January, 1847, and has continued under this name up
to the present time.
Royal Phelps. Eiq., than whom no man was perhaps better
or more favorably known in this city during his time, was
the senior partner in the firm from 1847 until his death, which
occurred July 3), 1884. W ith him were associated Robert
Gordon and B*nj imin F. Butler, both of whom retire ! in
1883; also George Coppell an l Thomas Maitland, who became
members of th* firm on the 1st of January, 1880. Mr. Poelps
was succeeded as senior partner by Mr. Coppell. On the 30th
of June, 1892, Mr. Maitland, having taken up his residence in
England, retired from the firm.
The partners now are
George Coppell, Gerald L. Hoyt, Dallas B. Pratt and Arthur
Coppell.
Tne merchandise business of the firm, which is a commis­
sion business, it with Mexico, South America, Cuba, etc.;
and besides this they do a general domestic and foreign
hanking business.
— The Street Railway Publishing Company, publishers of
the “ Street Railway Journal," have just issued their Finan­
cial Supplement, “ American Street Railway Investments.”
The general structure of the book is practically the same as
that of last year, though improvements are noted in various
particulars. As regards the new and small corporations the
work is of especial value. I; now embraces 1,441 reports, in­
cluding many companies recently incorporated and as yet not
in operation,
— The Fourth National Bank of New Y o rk has issued a
small pamphlet relating to gold, silver and paper money. It
gives the history of American currency for the past hundred
years, with statistics relating to coinage, the various kinds of
money in circulation, production of gold and silver, and much
other useful information. The little book is a valuable con­
tribution to the financial literature of the day.

Central Crosstown—Stk.
1st M.,6a. 192*3...MvtN
Cen.Pk.
K .R iv.-S tk .
ConaoL 7s, 1902... J A D
CViaintma & 9th A ve. 5a.
Otirist’ p T ^ lo t h St.—Stk.
1st mort.,1898 ...A«fcO

Tw enty-Third St.—St’k. 312
100
Deb. 5s, 1903.......... .
Unlon R r —S to c k .........
98
1103
1st 53.1942----WestChest’ r, l8t,ga.i5S«, 1101

192
{117
160
114 I l6
114 "• 115
150 -155
103 107

....
......

..._Tj
105
103
104
102

1

$ A m i a c c r u e d in to f e s t
x Ex-divldend.

Gas Securities— Brokers’ Quotations.

Central.
Metropolitan—I

Mutual <N. Y. .

N. *\ A Kaet R!
Preferred . . ..

Consol. 5* _____

G AS C O M P A N IE S .

Ask.

Bid.
B’ xlyn Union Gas-Stock.

Bid.

92
Peonies’ (Jersey C ity )—
1Q614 Williamsburg 1st 6 s___
Fulton Municipal 6s.......
80
Bonds. 68, 1899..........
99 *9 101
St, Paul................. .........
180
Bonds, 5s.......... - ..........
108 110
230 240
Standard p r e f................
Common.......................
100 103
Western Gas.... .............
74
34
36
Bonds, 5s......... — ........
89 ^ 91
91
1.6
105

170
106
105

175
205

1054 1061*
63
61
86
83
1044 106
77
78*4
68 _
03
90
87

I And accrued interest.

Coins.— Following are current quotations in gold for coins :
Fine silver bars... — 6058® — TO3^
» $ 4 92
Five francs...... — 90 ^ — 954
Napoleon*......... 3 87 ® 3 93
Mexicau dollars.. —53^® — 544
X X Relchmarlta. 4 30 3 4 80
Do unoom’oial.. — 5 3 — 54=
25 Pesetas......... 4 75 9 4 80
Peruvian sola..... — 484® — 49%
Span, Doublooae.lS 55 ©15 75
English
silver..., 4 86 9 4 90
Mot. Doubloons. 15 50 w l5 75
Fine gold bare... par 9 4 prera. U. 8. trade dollars — 65 9 — 75
S overeign *.........$4 89

Auction Sales.— Am ong other securities the following, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. R. V . Harnett & C o . :
1 cerii

*000

U nionvlllo,

N.

Y .,

N, Y. Cotton Exchange..895 I \V. \V. Co. 1st 5s, 1904... 30
By Messrs. A drian H . Muller & Son:

Shares.
1 0,000 Marcus Quid Mining
Co., $5 each........ $25lot
10 Northwestern Casket
Co.of Mian.,$50 ea.$51ot
6 Title Guar. & Tr. C o.289
50 N it. Pa rk B a n k ............. .260
8
Lawy'ra*
Tit. Ins.Co.l4(5
50 Metropolitan Nat Bk (68%
Bonds.
paid in liquidation)...$126lot
15,000
Lock
City
Eleo. By.
30 Internal. Rock Plaster Co..$5 lot
Co. 1st mort. bonds.......... 2
S h a res.

4 Edison Eeotrtc Light Co
o f Europe (Lim ited)......$3 lot
50 B atile o f N. Y.. N. B. A . ...233
50 Fourth Nat. Bank . . . ---- 175

Saukitt0

and

S p e n c e r

Iftwaucial.

T r a s k

&

C o . ,

BANKERS,

2T Sc 29 P I N E S T R E E T ,
85 Stale. Street, Albany.

I N V E S T M E N T

NEW

V O R H L.

S E C U R I T I E S .

S amuel D. Davis & Co.,
BANKERS,
N O . 40 W A L L S T . , N E W

Samuel D, Davis ,

YOKEL.

C has, B. V an N osteand,

Q o o a o l BA SCLAV MOFVAT.

A l BXANOBB M. WHIT*. JB

M o f f a t

& W

h i t e

,

BANKERS
30

P I N K

S T R E E T ,

-

-

N E W V O R R

INVESTMENT SECURITIES.

THE CHRONICLE.

16
J h c

B a n k e t s 7 (g a z e t t e .
D IV in

K ffD S

.Same o f Company.
H a ll ro a d *.
A
(- Washington & Balt, -.
Boston A Prov., e »u r. (quar) —
(In . Porta. A Virginia pref ......
ConntH-UtHU River............. -----Cttluberiand Valley (quar.). .....
i letf>n Hillsdale A HoutUw’ n —
SorwU’li A Wo realtor ..............

6 .1uly 1 to July 5
li June 20 to June 30
June 30

l .June 21 to July
l|--------- - to — —
lO jju ly 2 to July 10

D em and.

S ix ty D a y s .

TheTollowintr >re the rates of domestic exchange on Mew
York at the reder-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying par, selling %
premium ; New Orleans, bank, $1 50 premium ; commercial,
50c. per $1,000 premium; Chicago, par; St. Louis, 30c.@50c.
per $1,000 premium.
United States Bonds.—Sales o f Government bonds at the
Board include $124,000 4s, coup., 1925, at 116% to 117;
$3,000 4s, reg., 1925, at 116J£; $13,000 4s, coup., 1907, at 108%
to 110: $2,000 4s, reg., 1907, at 108% and $75,000 5s, coup., at
113 to i Y l j j . The follow ing are the closing quotations :

1 June25 to June30
3
3>s

On d e r n .-------- to
On deui.— ---- to

2

lAttg.

I Ju ly 16 to Aug. 2

Hi
Ha

July
July

I IJune 16 to June 19
15 Ju ly 7 to July 15

1% iJuly

H i Au?'

1% jJulv
60c. July
3% July
2
July

1 \\Jaly
I 1*
1%
3
2 1*
2
1

U u ly
Ju ly
iJuly
Ju’ y
July
Ju ly

l i — •---10iJnne30
1 ----------t
1 5 ----------t
10' Ju ly 1

to --------to Ju ly 9
o -----------o --------- —
to July 10

1 5 ------1 5 ------- — t o --------1 5 ------- - t o ---------

1 -----

J uly
Ju ly

Differcn'sfrom
Prev. week.

$
*
60.622.700
74.075.700
474,999,300 lu c. 215,700
14,584.900 Dec.
22,700
496.974,700 lu c .1,644,900
62,015,300 Ino. 460,700
84.145.700 In c. 1,949,600
146,161,000 luc.2.410,300
124.243,675 Ino. 111,225

June

27.

June

June

29.

30.

J u ly

1.

J u ly

2.

J u ly

3

94% r 94%
• 95 * 95
* 95
95
-re#. Q.-Moh.
4s, 19U7.. .......re#. Q .-J a n . L04% (10^% j 108% *103 V 10*% *1 0 8 %
rio9%; 109% 108 34! 108 V 108%
4 b, 1 9 0 7 ... .. ..ooup. Q.-Jan. 110
4s, 1925.............re#. Q .-F eb. 116% '11653 1 1 6 V *116% 116% *116
4s; 1925___ ...coup. Q .-F eb, 117 l 1 1 6 V ! 1 1 6 V 116% 116%: 116%
'112%' *113
*113
5s, 1904.............reg. Q .-F eb. 113 , '113 ' 113
113
113%' *113
* 112%
5s, 19 04.......... coup. Q - Feb, 113 ! 113
6s, our’cy,’ 9 7 .. .re#. i. <fe J. :ioo% ' 1 0 0 % 100 % * 100 % ' 100 % *100%
no 3 103 *103 '103 *103
6s, o a r’e y / 9 8 ...reg . L & J. 103
*105
'105
*105
'105
105
6s, o u r’ey .’ 9 9 ... reg. j . & a. '105
*100
'1 0 0
100 *100
^100
4s, (Cher.) 1896.reg. March. '100
*100
'1 0 0
*100
100 *100
4s, (C her.)1897,reg. M arch. n O O
^100 *100
100 *100
*100
4s, (Cher.) 1898.reg. March. aoo
'100 *1 0 0
100 *100
4a, (Cher.)1899_reg. M arch. ^LOO *100
* Th is la th e p ric e bid a t the m orning board, no s a l e w as made

to

United States Sub-Treasury.—The follow ing table snows

1 Tune 28 to June30
15 Ju ly 4 to July 15

B a la n c e s .
R e c e ip ts .

D a te.

P J jJ u iy
4
1

In te re s t
P e r io d s
2 s ......... .........-

15 Ju ly 11 to Ju ly 15
20]July 1 to Ju ly 20

The Money M arket and Financial Situation.—Business
has been active during the week at the Stock Exchange
under somewhat peculiar conditions. The purchases of
stocks for foreign account have been unusually large, and it
is assumed that investors abroad take a more dispassionate
a n d hopeful view of our financial policy of the future than
local capitalists are inclined to do.
In view of the probable action on the silver question by
the National Democratic Convention at Chicago next week,
there has been a vigorous and successful raid upon prices of
stacks by operators working for a decline. On Tuesday and
Thursday there was some reaction, but net losses are in most
cases relatively large.
The foreign exchange market has been supplied to some
extent with bills drawn against sales of securities abroad.
Gold to the amount of $1,250,000 has been exported on special
orders from the Continent, regardless of the rates for sterling
exchange, which are below the price at which gold can
be shipped to London at a profit. There was some irregular­
ity in the money market early in the week, incident to the
monthly and half-yearly settlements, but steadiness again
prevails under an abundant supply and limited demand.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 4 per
cent. To-day's rates on call were 2 to 2% per cent. Prime
commercial paper is Quoted at 4%@5% per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £671,021, and the percent­
age o f reserve to liabilities was Sl'42 against 59-37 last
week ; the discount rate remains unchanged at 2 per cent.
The Bank of France shows a decrease of 3,323,000 francs in
gold and 1,137,000 francs in silver.
_,'iVtnorrow being Independence Day and a legal holiday,
the ’ Clearing-House bank statement was issued’ to-day. It
shows an increase in loans o f $1,200,000; decrease in circula­
tion of $33,000: increase in deposits of $2,072,200; decrease in
specie o f $61,300,300; decrease in legal tenders of $922,000
urease of $1,589,050 in surplus reserve. In the fo l­
lowing we give the figures for the previous week:

C apital..............
Surplus........ .
h oane A diac'nts.
Circulation.......
Sat deposit*.....
Specie................
Legal tenders—
Reserve held...,.
Legal reserve....

Foreign Exchange.—There is no new feature in the m ar­
ket for foreign exchange, which has been easy under a
liberal supply of bankers' bills and a lim ited demand. Rates
are unchanged.
_
To-day’s actual rates of exchange were as follows: Bankers
sixty days’ sterling, 4 87@4 87}^; demand, 488@4 88}^; cables,
4 83hi@4 8S%. Posted rates of leading bankers follow :
J u l y 3.

W A U L S T R E E T , F R I D A Y , J U L Y 3, 1 S 9 6 - 5 P . M .

1896.
June 27.

l s .h i .

P rim e b a n k ers'sterlin g bills on London..
4 88
4 89
............
P rim e oom m eroial ................... ............... f S B 's ® ! 86%
D ocu m en tary com m ercial....................... . 4 8bJ4®4 sb*«l
--P a ris bankers’ (fra n o s )..............................o 1 6 iS i«o 16745 15=>8®o l o
A m sterdam (guilders) bankers................I T,018® 4 03i6 405;e®403g
F -an If fo rt o r Bremen (relobm arks) b’ kera’ 9 p lF -«9 5 °ie
9 5 U 16® 95%

old ool' ny loaar.)..................

pm -tt-M A North Adams .........
Portland A R och ester..............
Portland Saco A Portsmouth....
8t I,oul« Alton A Torre Haute..
Ware K lver..............................
Wrlghtsv. A Teonllle corn. A pref.
Banka.
Coutlno'ital National.------ ----S even th Ward
f ift h National
*•
r*
extra
Mechanics' A Traders'............
'Murray Hill (qu ar.l..-...........
Nas.au National tBrooklyn)...
Sixth National
Twelfth W ard ...................
T r u s t C o m p a n ie s.
Mercantile (quar.)
F i r e In s u r a n c e .
Empire City..............................
H an over...... ..................... — tlta c e lla n e o u a .
Aur.Tohaceo prof, (quar.).........
Brorton (Maas.) Done. Bt.RjMqnr.)
Cincinnati Street Ry. (quar.)---Clafliu. H. B., eotn. (quar ) .........
•>
“
1st pref., (quar.).
•<
“
2d uref., (quar.).,
Macon (Ga ) Consol- St. K y .......
Market St. Hy..8an Fran, (quar.)i
.......
■
Newton (Mass.) 8t. lty. (quar.l..
N. Y. Mutual Gus-Ught.............
<•
>■
"
(extra)...
N. V. A N. J. Telep. (quar.).......
N .Y.A Penn. Telep. tTeUMquar.)
North Chicago St. Ry. (quar.) ..
Norwich (Conn.) St. R y ............
Ohio Falls Car SltK. pref. iquar.)
Postal Teleg.—Coble (quar.).. -RhodeI. Perk. Huraethoepf.(qr.)
••
o
“
eom.fqr.)
John B. Stetson p ref..................
Texas A Faeltlc Coal..................

[Y ol.

1895.
June 29.

1894.
June 30.

$
62.622.700
72.302.700
513.422.300
13,159,000
570.436.300
65,231,400
111,603,600
176,835,000
142,609,075

*
59,922,700
71.301.400
170,04-1,100
9,638,000
573.337.800
92.456.400
125,651,400
218.137.800
143,334,450

June27
“ 29
“ 30
Ju ly 1
“
2
« . 3

$
2,167,168
2,227,357
4,226,441
2,666,729
3,169,958
9/791,4 L7

T o ta l

24,249,070

P a y m en ts.

$

3,000,269
2,703,899
2,676,576
2,432,836
5,002,445
11,838,770

O o in

O o in .

C erV s.

C u rren cy.

W
108.410.334
107,217,903
109,024,964
108,818,563
109.237.334
109,268,579

2,151,651
2,132,525
2,214,579
2,142,529
2,319,821
2,115,157

87,459,028
88,194,043
87,854,793
88,367,136
85,938,586
84,064,652

State and R ailroad Bonds.—Sales of State bonds at the
Board are limited to $10,000 Tenn. settlement 3s at 83% and
$1,000 Virginia fund, debt 2-3s o f 1991 at 57%.
The market for railway bonds has been dull a nd ir ­
regular.
A large proportion of the active list has de­
clined, including the Atchison, some o f the Northern
Pacific, the Oregon Short Line, Mo. Kan. & Texas, Rio
Grande Western, Texas & Pacific, Ches. & Ohio, Southern
Ry., and other issues. Chic. & No. P a c ific is t 5s have ad­
vanced 1% points. Some a ctivity is noted also in Rock
Island, Erie. Mil. & St. Paul, N. Y . Chic. & St. Louis, St.
Louis Southwest., Ore. R. & Nav., W is. Central, Wabash
and W est Shore bonds.
R a ilroa d and Miscellaneous Stocks.—Stocks have sufferred a radical decline during the week, w ith some
reactions. Liberal purchasing for the foreign account
has been one o f the prominent features, but under a
vigorous and persistent attack by the bear element, en­
couraged by discussion of political issues, the shares o f
several prominent railroads have declined to very near the
low quotations recorded in January, and a fe w have reached
the lowest prices of the year. Prominent among the lastnamed is the Burlington & Quincy, which lost 6% points,
and Manhattan Elevated, which lost 7 points within the
week. The subjoined table, which shows the highest and
lowest prices at which ten o f the more prominent railroad
stocks have sold in this market within the last tw en ty days,
and the closing price to-day, w ill doubtless be o f interest to
many readers.
Road—

B u rlin gton

&

Q u incy.....................

H ig h e s t.

....

8073

....

9S

North. West................
R o ck Is la n d . ^ ...............
L o u is v ille & N a s h v ille .

L o w est.

70%
73%
97%
*62%
473s
95%
*146%
*94%
99%
121%

C lo s in g
t o -d a y .

71%
747s
98%
63%
48 ^s
97%
147
95^9
102
124

* E x-dividend.

Under prevailing _conditions the industrial stocks have
been subject to manipulation, as is shown by the wide fluc­
tuations which have occurred. Chicago Gas declined 10%
points and American Sugar 9% points. American Tobacco,
affected possibly by the action of the directors in not declar­
**nn>lns reserve 21.917,325 Ino .1.999.075* 34,225,925 74,803,350 ing a dividend on the common shares, lost 5% points, and
several other stocks of this list declined from 3 to 5 points.

J

u l y

THE CHRONICLE.

i, 1 8 9 6 . ]

H IG H E S T A N D L O W E S T P R IC E S .
Satu rday,
June 27.

M onday,
June 29.

Tuesday,
June 30.

W ednesday.
J u ly 1,

Thursday,
J u ly 2,

13% 13%
13%
13%
13
13% 13%
19% 20%
19%
19% 20
20% 20%
*%
%
*%
*%
%
'%
18
18%' 10% 18
17% 17%
17
17%
17
22
22
<20%
22
% 21% 21% 22
60% 60% -60%
60% 60%
60
60%
*60% 61%
45%
49
49% 19% 48
•S45% 45%
106% 106% 102% ION
102% 104
100% 103%
99%
*15
15
-IS
16
15
15
IS
15
16
13% 14%
14
15
15
14
14%
14% 15
*155 160 *155 160 ‘ 155 160 *155 160 •15a
71 % 77
71
73%
72% 74%
72% 74%
70%
41
41
'4 1
42
41
*41
43
41

133s 11%

22

22

75%

77%

4'2

42

31%

32

t«%
*55

17 %
65

73%
*127%
100
*148
65%
41
122
20

73 7« 7 5 %
74% 76
76
73% 75%
128% 127% 127% *127% 128% 127% 127%
m
101%
1 0 1 % 97% 100
150 150
*148
'1 4 8
......
63% 66%
67%
62% 64%
68% x6 6
38% 39%
42
39% 40%
39% 40%
'124
*124% 128
128 *125 128
122
31%
27% 29%
23
23%
29% 29"a

16%
16
*55
02%
124% 125%
(1 6 2
162
'4 6 %
13%
33

47%
13%
33

'2 6
33
*28
116 119
.110
-93
95 j * 9 3
•7%
7%
a**!
33
*30
*31
19
13
<18%
70% 7 0 % 69
52% 152%' 150%
74% 74%. 71%
47%
*3
9
7%
19%
19
19
10 0 %
104
*96
93
06
*17
*16
19

33
119
95
7%
33
18%
69
151
75
•18%
8%
19%
10 1%
104%
96
19
79
47
10%
22%
2 1%
21
85

47
11

23
22%
'1 9 %
63
*8 6

*12
*70

*20
8%
23%
*4

*»
9

•16%
*14
14%
*14%
(5 2 *

*57

♦4%

*9%
*18
*83
M il
18%
6%
26%
7%
*30
*70
7

m

*44
10%
21%
22 % 20%
23
•19%
85 i *68

93% 96
13
*12
13
80
SO
*70
*28
31%
*171
174
13% 13%
9«a,
‘ 8%
8%
24
21% 22%
5
<4%
4%

16% 17
*51
60
124 124%
158
159
'1 2 % 13%
40% 47
*47% 49
14% 11%
14% 14%
432% 32% *32
34
519
13
'2 8 * * 30
*28% 30
*110 1 2 0
*112
12 0
*92% 93% *92% 95
8
7%
7%
*7 %
*30
33
31
30
17% 18%
18
18
*67
09
69%
60
I117% 1 17% 147 147%
-74% 75% *74
75%
43% 49%
47% 49
7%
7%
7%
7%
19% 19%
19
19
101
101%
97% 100%
£103 103% 100% 103
*94
. . . . . . *94
96
18
•16% 19
*16
*73
80
<75
75
*42
47
40
•10
10% 11
*11
22
22\
2 1 % 223*
20% 21%
19% 2 1 %
20
20
17% 1!>%
*63
S3
*68
85
16% 17%
*50
60
124% 125%

x95
*12
*70
*28
*171
*13%
*8%
22
*3%
9%:
*S%
0%
8%
9%
9%
17%
16% 16%
16%
20 j *14
20
*14
*6%
1.5 1 13% 14%
134
15
S3
83%; *53
96% *53
13 * ........
1 :, ; ........
_____ ! 560
4%
*4
10%
*9%
22% *19
90 i *85
115 , I I I
IS
10
8%
8%
% 25*3
7%
7%
35 ! *30
74
*70

7%
*2%
3%
*6%
7
16% 10%
9
9%
*34% 33%,

6%
*2%
6%
15%
S%
34%

93
84%
13
*12
80
*70
31
*28
173 *171
14
13%
8%
8
22
21%
4%
*3 %
8 %l
8%
8%
*8%
lrt%
17%
20
*14
......
14%
13%
13
*11
S0%
53
15
• ...

*114% 117 1
60 j *57
4%
§4 %
*4
4%
10%
*9 % 10%
9
22% *18
22%; *1S
90
*85
90 : 686
115
*109 114 ' 160
19%
18% 18%
18
0
8%
8%
S%
26
26%
28%
7
§7
33
*80
35 1 *30
74
7*4
*70
■70
6%
7%
6%
3%
52%
2%
*2 %
6%: (0 %
7%
6
1«W
16% 16%
15%
9%
8%
8%
9%
33%* *33
33
35
1%
*1 %
2 ;

12
12% 9
10%
0%
9%
53
53% 50
52%i 51
51 i
113% 116%: 109% 113 i 109% 112%,
63
<99%
60
157
1 *%
30

01%; 02% 04
99% ...... ...........
6*1%. « t % «,*>%
157% 15* - - 15%
31

13%

27

14%

30

, *53% 08%
*23
25 i 22% 23
* .......... 88%, 85% 86 !
3
5
4% i \
22% 23%
20% 22%
113
........ *1 1 3 % ..........
*154 189 11100 160

69% 6!>%i

22

23%

Of*

13%
20%
%
17%
21
61%
45%
101%
16
14%
160
721s

69%

20% 22%

5„
5
5 ,
4%
% 10
9%
9%
% 7%'
7%
57% SH% 58%
1"
17%; 14% 15%
83%
9 2 % 93%'

9%

50

100% 101%
61% 03%|

17
17%
*52
60
121% 123%
157% 160%
'1 2 % ........
46% 47
14% 11%
§33% 33%
29
*110
§03
-7%
*28
17
68
146%
*74
47%
7%
17
95%
100%
§93%
*16
§75
*40
n%
20%
19%
13%
*68

F rida y,
Ju ly 1

STOCKS,

*57
3%
9

*16
*80%
S6
106
115
8
18% 18
9%
%
7%
•3(1
35
*70
74
•- I
7
*2
2%
6%
6%
IV .
10%
9
33%, 31%
33%
1%
1%

R a n g e fo r y e a r I S 96
[O n

b a s is o f

12%
19
%
13
20%
52
45%
94%
15% jC entral P a c ific .
300 14%
13
Ohicago & A l t o n ................................... ........
155

4%
*9
7%
50%
H>7,
81*,

Highest,

7 17% Feb. 24
T
2S% Feb. 24
1*
% Feb. 6
6 44 Jan. 27
25 25% A p r. 23
4 62% M a y 27
7 51% Feb. 10
7 109% A pr. 23
15%
9 15% Feb. 15
7 18% A p r. 23
_2 155 A p r. 2
CMeago Burlington AQ u in eyTlO ,120 70% J u 1t 2 82% A p r. 24
*41
42 Chicago A Eastern Illin o is...
300 40% Apr. 13 43 Jan. 18
Do
p ref.............., 98 Jan. 23 100% M ar. 5
Chicago M il w au kee & St.^Paul
- • 220,991 63% Jan. 7 79% June 17
844. 125 Jan.
Do
p r e f.
130% M ar. 2
98% 100% Chicago & Northwestern...... 18,209 94% Jan,
106% A p r. 23
100
. Do
pref..
142 Jan. 8 150 June 30
74% Feb. 24
62 Jan,
,740; 31% Jan.
45% A pr. 27
125% 125%
Do
pref J
245 117 Jan.
. 125% J u ly 3
28% 29 iC iere. Cit
it. L ...
6,215 27% Ju ly 1 39% Feb*. 10
.................. |
Do
p re f.
80 June 18 90% Feb. 20
2,650 14% June 22 18% Jan. 23
•* T o l
Do
*51
00
p r e f.
June
____ 22 55% June 25
. 50
__
5,063;119% Jan. 7 129% Feb. 11
795,155% Jan. 7 166 June 5
*13
1 3 % ! D en ver & R io G ran d e.
12% A pr. 16 14 Feb. 4
47% 47%
. Do
900 40 Jan. 7 51 Feb, 24
p re f.j
14% 14%; E r i e .......................................... ; 1,603 13% June 10 15% M ar. 12
200 33 June 29 41% M ar. 17
■32% 34%
Do
1st p re f.
.............
Do
2d p re f.
10 20% M a v 14 25 M ar. 16
*28% 30 E v a n s v ille A T e rre H a u te ___
100 25 Jan. 15 34% Feb. 24
125|108% M ar. 13 121
:
M ay 7
92
9 2 % ;iilin o isO en tra l..'....................
220. 89% Jan. 8 98 Jan. 31
*7%
8 |Io w a C en tra l..... ....................
_________
S25| 7 % Jan. 7 10%
Feb. 7.
38
2#
I*>
p re f
___ 6 38 A p r. 28
4301 25 Jan.
17% 1 8 % 'L a k e E rie & W e s t e r n .. .. ... ..
1 .7
2
“ *4 6 ,1 7 J*u ’ly
~ 22%
Feb. 5
70
70
Do
p re f.
1,350' 64% Jan. 7 75 Feb. 7
140 147 Lake Shore <&Mioh. Sou thern. 2,092 1 3 4 % Jan.
154% June 17
*74
75% Long fsland...........................1
750: 74 June 26 84 Jan. 7
55% Feb. 24
10% Feb. 18
17
IS .
Do
p re f,
2,211; 16% Jan. 6 24% Feb. 13
96% 98 M anhattan E le va te d ,co n s o i.
32,063: 9 5 % J u ly 2 113% Feb. 11
590
........
178;
125:
SOU
3,570

Jan.
June
June
M ar.
M ar.
Jan.
Jan.
Jan.
Jan.
Jan.
A p „r.

9 3 M ar. 23:
16
June H i
72 Jan. 10i
40 Jan. 7
1 0 % Jan. 6
2 0 % J u ly 2,

97%
2 1%
83
53%
13%
31%

Feb.
Feb.
Fob.
Apr.
Feb.
Feb.

11
21
21
22
21
25

......... :..........................1..........................

Jliaeellaneou* Stocks.

1,590
9 June 29, 19 Jan. 27
9% 10% A m erica n Cotton Oil C o ........
1.970 50 June 29 69 Feb. 11
51% 51%
Do
prof,
341,823
97
Jan. 7 1 2 0 % A p r. 21
108 110 ;A m erica n Su gar R e lin in g Co
1,730 95 Jan, 6 105% June 12
Do
pref.
100 5100% 100%
149,230
58%
J u ly 2 95 A p r. 2
61
60% 61 Am erican Tobacco Co.
165 97% A p r. 2 3 1 0 3
Feb. 13
100 I '0 6
100 |
Do
pref.
81,289
56
Ju ly 2 70% M a y 4
6 0 %; 50% 59% iC M cagoG as Co., certs, o f dep.
4,340 143
Jan. 7 164 % A p r. 29
153% 153% 155 C onsolidated Gas C om pany..
26,772
13 J u ly 2; 20% A p r. 23
13%
13% 14 D la.A C.F.C o.,tr.cts.aU ins,pd
22 Jan. 6: 39% M ar. 13
28%' *25% 26%;General Electric Co .............. 19,007
200!
60
-Tune I I ; 75 A p r. 15
6 1 %: *58% 02% Illin o is Steal Co
1,515 2 1 % Ju ly 31 28% A p r . 21
21% 23 ^ N a tio n a l Lead Co..
1,299'
82%
Jan.
7 92 M a y 4
pref.
85%' <85’4 85%
Do
2.754
4 Jan. 6
6% Feb. 24
4%
4%
4% North American Co
7,958
20%
J
u
ly
2: 31 Feb. 10
22
21% 22% Facifle M ail...........................

9%: iiO% 10%
5 0 % 50%

62%

58%

585% 99 I *96
02% 04 H I 80% 63%
50
154 155 1 152% 134% 153%
14%
13%
13% 13%
13
13% 14%
27
27
24%:
2 4 % 27%
25%
*2HA
..................
64% 84%
6 1%
23% 23%(
521%
11%
m
S3
85 ' 85% S3's
4%
4%
4%
4%
4V
22
2% 20%
22%,
___*114
........i'1 1 5 % ........ Pipe Line Certificates.............
i n
115
237 148 Jan.
180 ISO i-150 186 Pullman Palace Car Company
T53
U B
1 150 150
09% 09%: *68'*% 087s silver Bullion Cerafleates— 48 4,000 67% Jan.
80% §0%l 60
69
22,748:
19% J u ly
20
21
20% 21% Tennessee Coal Iron & R R ...
2 1 % 22 ] 19% 21%
4%
4%
9%
»-%
7%j
7%
57% 53%;
15% 10%1
93% 83% 1

100 -s h a r e lo t * .

Low est.

........ : 4 3
Mar. 23 51% Jan. 28
3,858 93% Jan, 7 99% Feb. 10
........ 11 Jan, 2 15 Jan. 22
71% Jan. 17 80 Jan. 22
500 26 Jaa. 17 35% A pr, 13
........ 170 A pr. 3 0 T 8 6
Feb. 10
2,075: 12% .Tan. 7, 15% Jan. 31
4751 7% Mar. 26 11% Jan 31
4,435 21 Ju ly 2 31% Feb. 0
170
t % A p r . SO]
5% June 16
300 (4% M ay 8 10% June 15
858:
t% M a y2 3 i
9% June29
686 110 A pr. 1 0 lU 7 % M a r . 9
........ M O
Feb. 18' 22 A p r. 14
10 0 13% A p r. 14 10 J u ly 2
31,860 12% Jan.
7 16 June 16
150, 14*9 Jan.
7 18% Feb. 7
145 52 Jan. 8 59 Feb. 27
20% Jan.
Jan. 31
17 17
Jan.Jan. 15;
15! 20%
16 Feb.
8i 18% Feb. 10
2 1 1 1 4 Mar. 30 118 Jan.
3
40 57
Jan. 29 00% Jan, 3
02
*57
62 8fc LouU A l t & T. H.,tr.reots!
320; 3% J u ly
21 5% Feb. 7
4
*3%
4 % S t Lou is Sou thw estern..........
750
9 Jan.
6 13
Feb. 26
9%! *9
10%
Do
prtsL
........ . 2*2 June 12' 27% Feb. 24
22% *18
22% 'St Paul Js Duluth..................
50
686
J
u
ly
1
91
Feb.
10
87
*80% 87 :
Do
pref.
115
___
*109 115 St. Paul Minn. ,fc Manitoba...
110 Jan. 22 115
Jan. 11
19%
1941 1 8 % Southern P a oiiio C o................
2,220 18 J u n e2 9 22 % J an. 14
8
8 5«
8% Sou thern.voting tru s t o e rtif.
6,942 7% Jan.
8 11 Feb. 6
25% 26
Do pref,, v o tin g t r u s t oert, 16,668 23% Jan.
7 33% Feb. 25
7*4
*7
7% T e x a s A P a o if le ,. ......................
2,017
7% J a n e 29* 9% Feb. 25
3*1
*30
35 To led o A Ohio C en tra l................
........ 32 June 8: 35 M a y 6
74 1 *70
74 ;
Do
pref.:
........ : 75 A pr. 6: 70 A p r . 6
7%
7
T V U n io n Paoiiio trust rec eip ts..
9,256 3% Jan.
7 10 A p r, 21
. .
2%
2 V *:■ >,u Pl.viiic D en ver A G u lf.
830 2 June 10
5% Feb. 13
6%
6% W abash.....................................
1,292 6 J u ly
1 7% Feb. 24
1 0 % it)% 16%
Do
pref. 10,407 14% Jan. 7: 19% Feb. 24
!»%
s*t
9% W h e e l i n g * L a k e E r ie ............ 15,090 8% J u ly
I I 13% Feb. 14
pref.
2,440 31% J u ly 2, 40% Feb. 13
Do
32% <32% 32%
300
l% .lu ly 1
4% Feb. 24
2 Wise. Cen. Co., vo tin g fr. fit fa.
1%
1%.

51%;

99%

Sales o f
the
W eek,
Shares.

19% 20%,
Do
p ref.i 10,445
*•5
% A tla n tic A P a o lflo
............. i .........
518
18% B altim ore & O h io................... i 4,110
21% 2 1 %; B rooklyn R a p id T ra n s it........ 1 1,518
500,
'

29
120
94
8
30
17%
70
147
75%
49%
S
18%
98
100%
93%
18%
Do
*73
75
76
1st p r o f.
Do
*40
45
•16
2d p re f.
n%
21% 21?
Do
21%
p re f.;
*21%
19%
85
*68
S3
X a iliv .C b a u a n o o g a J t S t L o a iit
................. ..N e w E n g la n d ..........................
95
95 4 N ew Y o rk C en tral A H udson.
95
94% 00
13
13% :N e w Y ork Chicago J tS t.L ou ia
*1*2
13%
80
Do
*(.*7% 09
*67% 69
1st p r e f.
Do
30
31
28
*29%. *27
2d p r e f.
173 *171
173
11
14
13%
*8
8 % New York Suaq. A West,, new.
8
S
«%
21% 22
.
Do
pref.
21
21%
22%
4%
2%
2%
9
9%
0%;
D o pref.,Ur.otfs.2d ins,pcs,
9 Nor. Par., 2d tnstaliu’ t p a id.
*8%
9 i *3%
n
*16
17
Do p ref., 2d instal. paid.
17
10 % • is
*%
%
20
*12
1 6 O r.R y A N a v .C o . roe. asst. pd.
20
10
10
.............. .
O r.8 .L .A tl.N o r.ree .3 d ins. pd
11%
13% 13% 1ST 14% PUUm A Heading 2d last. l»d .'
15 - M
15
Ml
15
'-.v
V Ohio. & S t L .
53 * ............... .. ' ..................
15 * ......... 15 1........
15 Pittsbu rg A W e s te r n ,p r e f...,
R io G ran de W estern.
4%
9%
22%

17

7164
Feb. 11
8! 70 Fell. 24
i f 34% Feb. 10

. ................. !
Do
pref.
4,530
4% M ar. 24
4%
4*-% 4%,tf,S.C0rd.Co.,tr,ree.all ins.pd.
4%!
4%
965
8 J u ly 2
8%
Pref., tr. ree. all ins. jid.
R
8%
10 :
2,001
7 June 29
7%: United States Leather Co......
7%
7%
7%
Do
pref. 25,185! 5 6 % J u n e 29
58 : 57
58% 58 58%!
3,329! 14% June 29
16% 16 *•> United States Rubber Co......
16% *15% 17
82
“ 3**, Western 13nion Telegraph— i 23,538 81% .Tan. 22
83 i 81% 82%

*t >rs': f.c si and asked; no sale made. 5 Leas than 100 aha: es. i Before payment of any instalment, | Ex-dlv. and

6%
12%
U%
69%
29
87%

F eb . 7
Feb. 7
Feb. 8
Feb. 14
Jan. 13
A p r, 22

THE^CHRONJOLE.

£18

[V ol . l x i i i .

NEW J O B ! STOCK EXCHANGE PRICES (Contilined )—IN A C T IV E STOCKS.
I nac tive S tocks ,
R a i l r o a d S to c k *.
Ana Arbor— ................... .

Ask.

Bid.

I In d ic a te* inti toted

100

Preferred...... ........... ....... .
BaH, A 0 . 8. W. D ie t* new ..
BellcviUci A South, U L pref... .100
Bon ton A N. Y . A ir L in e prof .100
.100
.100
Chicago Great W torn.
C lew Lorain & Wheel.
C levelan d A Ptttaburg
Dee 21o w e * A Foi t Do<

R a n g e (s a le s ) in

3.

J u ly

1896.

R a n g e (s a l e s ) i n

A sk.

.....

160
ftO
.100
.100
Preferred................
.100
.100
E v a n sville A T e rre IX. p r e f.. ..50
.100
.100
.100
100
27*4
Indiana Illinois A Iowa..
« ls
100
8
4
.100
3
.100
141, 15%
100
Louisv. 8t. Louis A T exa s
12 Feb.
9 J an.
.100
2*8 Feb.
% M ay
100
Mexican N ation a l tr. otfs.
i"4
160 Apr. 166% Feb.
50 il6 2 *s
d e n is A E s s e x . . . . . . . . . . . .
.100
—
New Jersey A N . Y ........ .
.100
100
115*4 Jan. 120 Jan.
70 M ay
70 May
72
65
Ohio Southern................. .
378*Feb.
1*4 June
3
Peoria Decatur A E v a n sville 100
lia
6 June
6
3 Jan.
iO v
4
Peoria A E astern ..................
181*3 May 182 Feb.
Benseelaer A Sa ratoga --------- .-DO 176*3
39 Jan.
46*4 Feb.
Bio G rande Western p re f....... 100
5*3 Apr.
Tol. St, L. vV Kan. C iiy ii.......... 100
_____
Preferred H.......................... 100
No pru t Friday ; latest price this week.

Bid.

m is c e lla n e o u s S to c k s .
A da m s E x p res s.......................... 100 146 150
37
40
A m erican B an k N o te Co 1 [.............
A m e rica n E x p res s..................... 100 1110*3 111
A m . Sp irit M fg, Co. (when issued) 11
A m er. T elegrap h & C able-------100
B ay S tate Gas f l ........................ 50 119*3 21*fl
B rooklyn U nion Gas.................. 100 190*3
*3
B runsw ick C om pany.................100
Ohio. June. R y . A Stock Y a r d s .100
Colorado Coal & Iro n D e v e l. ..l0 0
22*4
C olorado F u el & I r o n ............... 100 122
100
P r e fe r r e d ...... .........................l o o
11*8
Columbus & H ock in g C o a l...... 100
C om m ercial C ab le..................... 100 140 160
32
36
Consol. C oal o f M a ry la n d ........ 100
D etroit G a s................................ 50
E dison E lec. 111. o f N . Y ........... 100
Edison Elec. 111. o f B r o o k ly n ..100
E rie Telegrap h A Telep hone -.100
In terio r Conduit A In s ..............100
21
20
L a cled e G as................................ 100
80
P r e fe r r e d ................................. 100
60
M aryland Coal, p r e f..... ............. 100 *4 0 ’
M ichigan-Peninsular C ar C o ... 100
P r e fe r r e d ................................. 100
M innesota I r o n .......................... 100 I62*s
N a tio n a l L in seed O il C o............100
17*3 19
8
N a tio n a l Starch M fg . C o ........... 100
5
8
N ew C en tral C oal....................... 100
11*3
O n tario S ilv e r M in in g ............... 100
Oregon Tm prov’ t Co. tr.r tc ts ..lO O
P e n n sylvan ia C oal.................... 50 330
3
Q u 'ck silver M in in g ....................100
1 vs'
18
13
P r e fe r r e d ................................. 100
TexiiS P a c ific Land T rn s t.........100
u. 8. Cordage, guar., tr. certfs.100 117*3 18
40
41
U. 8. E x p ress............................. ICO
80
U. S. Ru bber p r e fe r r e d ............. ICO 174
96
W ells. F a rg o E x p r e s s _______ .1 0 0 ' 90

183*8 M ay
11 % Feb.
297a Eeb.
7 Feb.
131*3 Jan.
102 M ay
25 M ay
62*3 May
70 Mar.
10»s June
54*s May
162 May
9*3 June
60 June
6 Jan.
14*4 Feb.
50 Feb.
16 Feb.
43 Feb
92*3 M ay
25 Jan.
25 Jan.
8 Jan.
6*8 May
3*4 Mar.
2 Jan.
15 Mar. 18 Feb.

175 Mar.
8 June
9
2 3 i« Jane
24
7 Feb.
7
___w 13
Jan.
102 105 102 May
10 Jan.
18*4 24
51 May
55
61
70 Mar.
72
6% June
5%
7H
41*3 Jan.
155 Jan.
ie i
5% Jan.
9
7
51 Apr.
GO
4*3 Apr.
10% Apr.
12
7
45 Apr.
13 Feb.
15
37 Mar.
40
175
7
22
3

3.

J u ly

I n a c t iv e St o c k s .
J Indloatea unlisted.

H ig h e s t,

L o w est.

f t Indicates actual sales.;
1896.

Highest.

Lo w est.

145*3 Ju ly 150% Apr.
110

Jan.

116 " M a y

90 J u ly
97 M a y
18*s Feb.
33 M a y
89 July
95*3 June
*3 Feb.
*3 Feb.
95 os Feb.
96*4 Feb
*3 June
4*8 Jan.
20 Ju ly
34*4 Feb.
90 M a y
98 Feb.
1 June
43s M ar.
162*4 A pr. 162*4 Aur.
30 Mar.
32*8 M t y
26 A p r.
33*s June
89 Jan. 100*3 Ma^
59
35
18*4
78

A p r.
Feb.
Jan.
Feb.

62*i
35
30
86*4

59*3 Feb.
53 Jan.
15 M ar.
4% Jan.

60 Feb.
72 Feb.
21*4 June
6*3 Feb.
87s Feb.
15 Mar.
4*4 Jan.
340 June
2 Jan
14 June
7 Feb.
245s Feb.
48
Apr.
89 Jan.
101
Feb.

7*3 Mar.
8 Jan.
320

*4 June
A pr.

1% Apr.

14

June

17
38
73
92

Jan.
Jan.
June
June

Jan.
Feb.
Apr
A p r.

r> Jan.

1 A ctu al sales.

NEW TORE STOCK EXCHANGE PR IC E S.— S M -T E BONDS 'U L Y 3.
B id.

BEUTJRITIEB.
Class B, 5 s ...........................1906

S E C U R IT IE S ,

Ask.

100

.......

Funding a c t......................... 1900
N e w bonds, J & J ........ 1892-1898

........

A Tkansas—6a, fund,H oi. 1899-1900
do. N on-H olford

N ew conole. 4s................... 1914

io ’ 5
1919 120
6s....................................
South Carolina—41, 8, 20-40..1933 102
6s,non-fund......................... 1888
1

95H

5New York City Bank Statement for t h e w e e k ending
27, 1896.' We omit two ciphers (00) in all cases.

BANKS.

Ba s k s .

O a p ita l I S u r p i’ s L o a n s .

Bank of New York.. $2,000,0
2,050.0
Manhattan Co......
2,000,0
erchants’ ..... ...
echanlc*’ ..........
America................
PNenlx.................
City.....................
Tradesmen’ a.........
Chemical.............
Merchant#’ Exch’ge
6 alia tin National...
Butcher*’A Drovers’
Mechanic*’ <s Trad’s
Grtenwlch............
Leather Mannfac’ rs
Seventh National...
State of Nevr York..
American Exchange
Commerce.
Broad war.
Mercantile
Pacific.....
Republic.......
Chatham........
People'*...... .
North America
Hanover.......
iTVlJiR..

M

$2,027,8 $12,610,0 $1,320,0
2,178,7 14.396,0 1.310.0
9,486,3 1.197.1
1,001,1
1.170.8
215.0
7.730.9
193.0
3,264,5
778,4
631.8
205.8
180.0
130.3
223.0
254.9
60.8
750.0
919.1
872.9
578.2
436.4
2,096,2
689.2
242.9
701.8
3.866.7
357.9
560,7
206.9
335.6
419.2
1.432.1
615.3
...
153,0
,0 3,822,0
,0! 3,610,7
119.3
1.921.8
307.0
976,0;
411,3)
1,069,7]
1.403.1
161.6
466.0
652,2
302.0
1.802.2

Citir.cn’ *

Ifffcftt*1
" in ■ — —
Market A Fulton...
Shoe A Leather....
Qorn Exchange....
Continental...........
Oriental -........... .
tmpotte raA Trader*'
P o r k . .........................

Bant River...........
Fourth National....
Central National....
Second National...
Ninth National....
First National.....
Third National.......
N.Y.Nat, Exchange
Bowery................
New York County..
G.ermttn * merlcan..
Chase National.....
Fifth Avenue.....
German Exchango..
Germania..... .......
(Jolted States........
Lincoln..*...........
Garfield......
fifth Nation

1,002,11

300,0!
B a n k o f th e M e t rop.
S id e . , . . ___ | 200,01
6(K‘ 0]
S e a b o a r d ...... . . . . .
S ix th N a t i o n s ....... i
200,0
W e s t e r n N a t io n a l.. 2,100,0!
F ir s t N a t . B r ’ k l j n .
300,Oj
N * t . U n ion B a n k ,...
1,200,0|
L ib e r t y N a t . B a n k . 1 500,01
N , Y . P ro d . l i e h ’ ge. ; 1 , 0 0 0 ,0
T o ta l...

...

Specie.

848,6:
320,8;
2H*,H
347.7!
300.8!
918,0 :
635.0:
137.71
322.6,

275.1
586.1]
1,087,2,
780, li
878,11
216.5
4.442, jjl
900,9!
2,2.36,0
*237,0
5,221,01
958,0
1,783.0
208,0]
11.854.8
330,31
5 J *.8,0 1.333,5!
8,808,7
617,71
•21 fit
1,886/1
3,635,4
633,8

l» 0 022.7! 74 076,7! 474.999.3 62.015,3

L eg a te.

ID e p o s it s .

$1,860,0 $ 12,010,0
3.122.0 15.735.0
2.017.3 10,961.9
1.517.0
7.995.0
3.079.1 16.657.2
1,027,0;
4.069.0
3.426.7 29,905,8
259.0
1.850.0
4,947.2! 23.232.5
462.2
4.506.0
1.085.6
4.856.5
166,8
1.424.0
350.0
2.401.0
160, 2'
965,1
1.676, S
4.697.8
157.6
1.871.8
449.2
2.295.4
4.283.0 18.304.0
2.9C4.1 15.449.6
585.7
4.556.4
1.631.9
7.221.7
633.8
3.011.6
1.306.7 11,349.5
1.085.2
6.088.8
599,4
2.603.3
652.2
5.198.6
1.896.6 18.773.2
616,3 1 3.081.0
506.3
3.349.3
617.7
2.903.3
1.802.1
6,207,9
505.1
3.298.7
1.150.0
9.162.8
569.1
4.750.8
375.6
1.720.0
2.350.0 20.479.0
4.126.4 20.651.7
325.6
1.160.0
3.093.7 18.214.8
2.264.0
9.032.0
880,0
6.249.0
1.073.9
3.973.1
4.526.8 19.988.8
1.096.0
8 . 111.2
161.3
1.264.0
281,0
2.885.0
250.4
3.394.1
397.8
2.587.0
3.142.2 17,869,7
1.080.1
7.840.8
639.0
3.184.3
231.4
3,976,7
498.1
5.694.4
1.047.2
7.191.0
5< 7.8!
4.736.3
1.780.4
287.9
1,,460,3
6. 201.1
363.0
2.334.0
584.0
6.072.0

201.01 1.485.0

2,
1,
497,7
272,9

12.498.3
5.731.0
8.882.0
1.912,6
3,117,3

84
84,145,7
496,974,7

dO

2

B id

Tennessee—6s, o ld ....... .1892-1898
6s, n e w bonds
— 1892-8-1900
do
n ew series............... 1914
Com prom ise, 3-4-5 6 s------- 1912
3S
............. „
1913
R edem p tion 4 s .........1907

4*38.......

A sk,

........ . . . . .
80

85

.1913

P e n ite n tia ry 4*38.........
1913
V irg in ia fu n d ed debt, 2-3S...1991
6s, d e fe rre d t ’st r e e ’ts, stam ped -

—
57 78 58*2
5 - 7

New York City, Boston and P h ila d elp h ia Banks:

June

(00a om itted.)

SEC U R ITIES

ABk.

B id.

N . Y .*
June 6..
“ 13..
“ 20..
“ 27..
Ju ly 4..
B os.*
June 13..
“ 20..
“ 27..
June 13..
“ 20..
“ 27..

O a p ita l <5c
S u rp lu s .

Loans.

$
135,724,1
134,698,4
134,098,4
134,698,4
134,698,4

$
476,819,1
474,278,3
474,783,6
474,999,3
476,199,3

Specie.

L egals.

D e p o s it s A

$
$
$
61,808,5 80,972,8 497,180,0
62,394,9 82,489,5 496,829,4
61,554,6 82,196,1 495.329,8
62,015,3 84,145,7 496.974,7
61,866,3 83,223,7 499,046,9

69,351,8 162,674,0 8,698,0
69,351,8 161,753,0 8,850,0
69,351,8 161,383,0 8,932,0
35,263,0 103,055,0
35,263,0 102,885,0
35,263,0 103,125.0

5,851,0 139,884,0
5,960,0 138,979,0
6,509,0 138,555,0

29,145,0
28,201,0
27,508.0

* W e o m i t tw o ciphers in all these figures.
delphia the item “ due to other banks.”

O ir c ’l ’n . O le a rin *

$
14,725.3
14,510,9
14,607,6
14,584,9
14,556,9

$
629,507.3
527,069,9
596.778,0
490,186,6
599,536,2

9,852,0
9,834,0
9,863,0

87,759,7
81,552,1
80,025,7

101,749,0
100,344,0
99,704,0

6,451,0 58,048,4
6,457,0 65,577,9
6,403,0 59,910,1
+ Including fo r Boston and Ph ila ­

Miscellaneous and Unlisted Bonds :
m is c e lla n e o u s B on d s.
Br’klyn Un. Gas, 1st cons. 5s.
Ch. Jun. tfeS.Yds.—Col.t.g.,5s
C«»l. C. & I. Devel. gu. 5s......
Colorado Fuel & I.—Gen. 5s.
Col. & Hock. Coal & I.—6s, g.
Cons.Gas Co.,-Cliic.—1st gu.os
Consol. Coal conv. 6s............
Det. Gas con. 1st 5 ................
Edison Elec. 111. Co —1st 5s..
Do,
of Bklyn., 1st 5s..
Equit. G.-L., N . Y.,cons. g.5s.
Equitable B. & F .—1st Os....
Henderson Bridge—1st g. 6s.
Illinois Steel deb. 5s............
Non-conv, deb, 5s .............
Int. Oond, <fe Ins. deb. 6s......
Manhat. Beach H . & L. g. 4s.

105 ®sb,
f 8d "a,
” 82*'a.
82 a,
107 b
95 b.
108 b.

Note.—“ 0” indicates price otet ,• ‘

’

M is c e lla n e o n s B on d s.
Metropol. Tel. <fe Tel. 1st 5s.. 10738b.
Mich.-Penin. Car 1st 5s......
Mutual Union Teleg.—6s, g ..
N at. Starch M fg. 1st 6s........
94 b.
N .Y . & N . J. Telep. gen. 5s.. 1067sb.
Northwestern Telegraph—7s
People’ s Gas A C. > 1st g,‘6s. 106 b.
Co., Chicago...... > 2d g. 6s. 105*ab.
is t cons. g. 6s...............—
99 ka.
Pleas. V a lley Coal—1st g. 6s.
Sunday Creek Coal 1st g 6s. 'io o ” b.
U. S. Leather—S.f, deb.,g.,6s. I l l b.
Western Union Teleg.—7s...
W h eel.L .E .& Pitts.C ta llstS s
U n lis t e d B on d s.
Am .Spiriis Mfg.j, 1st,when iss
Comstock Tunnel—In 0. 4s...
6 b.
pri >e ashed. « Latest prioe tn is we« k.

Bank Stock la s t—Latest prices this week,
BANKS,
A m erica ......
Am. Exch-..
B ow ery*...
Broadway...
Butcks’&Dr.
Central.......
Chase____ ...
Chatham......
C hem ical__
C ity ....... . ..
Citizens’ .....
Columbia___
Commerce,..
Continental.
Corn Exch..
East R iv e r ..
11th Ward...
Fifth A ve,...
F ifth *..........
F ir s t...,. ..
First N., S. I.
14th S treet..
Fourth.
G allatin......

Bid. Ask
310
168
275
225
125
129
450
300
4000
500
125
185
203
132
280
125
200
2900
250
2850

175
245-

305
4209
195
29*6"

275*

110

170
175
295

ISO
310

BANKS.
Garfield.......
German A m . 1*2
German E x ‘ 360
Germania.
380
Greenwich . 160
H anover...... 310
Hud. R iv er.. 157
Im. & Trad’s’ 525
I r v in g ...... . 140
Leather M fs’ 170
Lincoln....... 750
Manhattan.. 207
M a rk e t* Ful 200
Mechanics’ .. 185
M’chs’ & Trs ’ 125
M ercan tile.. 1150
Merchants’ . . 132
Merch’ ts Ex. 110
M etropolis.. 410
Mt. M o rris .. ICO
Nassau......... 140
N. A ms’ dam 1.0
N ew Y o r k ... 230
N .Y .C o ’n tvI 610

Ask.
625

190
550
175
....
192
140
180
138
....
__...
____
—
245

(*Not listed,)

BANKS.
N Y .N a t.E x
N in th .........
19th W ard..
N. Am erica
O rien ta l___
Park........
People’ s ___
Pheniix.......
Prod. E x .* ..
Republic___
Seaboard ....

Bid.
95
110
120
130
170
180
235
102
116
146
167%
400
100
96
105%
too

Seventh . .
Shoe& L e ’th
Stateof N. Y.
T h ir d .........
Tradeam’n’a
Union Sq.* 185
202%
On’d States 175
W estern.... 111%
W est Side.. 275

A sk
115
140
390
270
110
150

ICO
112
108
____

114

J

u l y

4

THE CHRONICLE,

1 8 9 6 .]

BO STO N,

A c tiv e S to c k s .
Indicates nnliated.

F iL lL A .O E ijP tlIA

AND

B A L T IM O R E

L7" S h a re P rte e s — a o t P e r

Saturday,
Jane 27.

Monday,
Jane 23.

Tuesday,
June 30.

Centum

July 1 .

19

STOCK

EXCHANGES,

P r ic e s .

July 2.

R a n ge o f sales In 1896
F r id a y ,
J u ly 3.

13% 14
13
13%
%tcb. T. & S. Fe'i(Boslon) .100
13% 13%
13% 13% 13% 13% 1 3 % 1 3 V
ti.Uaj3.au a Pao.
“
100
%
*%
%
*17*1
*17 ...
17
17
Baltimore & Oliio {B a lt). 100
17%
*16% 17% *17
*63 ... .. .
Balt. City Pasa'get “
2ft
*6 3
64
IS '% 17% 13
Baltimore Traction “
25 *18
*17% 18
17V 17% 1 7 V 18
*1 7 % 18
17% 17%
17% 17V
Baltimore Trae’ n*HPAif.). 25
17% 17% *1 7 % 18
319 210
209™ 209%' 208% 208% 209 209
Boston & Albany tBostort.100; 2 0 9 " 209** 209 209
206 206 *208 207
206% 206% *2i-'6 207
100 • X06 207
'2 0 6
207
Boston & Low ell
T60% 161% 160% 160% 160% 161
100,' 160% 162
130% 160% 1 6 0 % 161
Boston A Maine
100........ 11
11
13
Central o f Maaa,
IOO; *53 ....... *52% 51
53
*53%
*52% 54
*52% 54
, d e fe rr e d
53
76% 72% 74% 73*8 74% 71% 73% 7 0 V 7 2 %
100; 75
72
0 e. B o r . A Q u in.
75% 74% 75V
O lio Mil. A St. P. {P h U .).100 75% 77% 74
73% 75%. 73 7g 73 *s 74% 75%
6%
6%
6 % 6%
6
6% 6%
6
OhoO. AG .voht.c. “
50
‘ 6%
O i l S t Ry o f In dy
“
lo o
20
20
*20
21
2 0 % 2 0 si
M2‘a 92% 92
92
x39% 89% S i
88
88
Fitchburg p te t..( Boston) .100 *92% 93
83
32% 32% 32
33%
32% 32% 32%
Lehigh V alley.. (P M la .j. 50 ‘ 33% 33% 83
32% 32
Xt32 134% *132 - . .. . ' 132
132 13 5
Maine Central (Boifon) .100
101% 101% x io o % ib T * 100 100 % 101 101
Metrcpel'n Trae.1T ( Fnil) .100 i o e " t o e " l o i n i o i '
9
9
0%
9%
9%
9%
8V
Mexican O en tl CBortonJ.lOO
8%
SV
8V
av
9
*4 0
41
S ew England___
••
100
70
70 s' ....... 70
Preferred ...........
" 100
70
67% 67% 67% 67% *37% 67% *67
63% 6 3 V
Sortuera Central (B a lt.). 50 ' ......... 69
68
9
9%
8 % ,3V *8 % 9
*3 %
8%l
Sortliera Paoifio (FKtia. i 100
*8%
S%
*8 %
8%
17 | 17% 17% *16% 17
*16
Preferred
“
100 •16% 17% TO
*16
17
19
........173
176 177
...... 173
C ll Coli>ny.....fBo*te»M,10O; 177 173
176% 177% T ? 6 % 177%
52 % 52 V
. , 52% 52% 52% 52% 52% 5 2 % 52%
52%
Pennsylvania. —fPAffa,>. SO1 52A 52%
7%
7%
6 % 7% 63l3H
S „ 7. 3i*
Pull. A Beading, t
*•
50
6%
7
6%
7*s
6 % 6>3i,
69*4 70
6!> 89 %
61
63%
69
69
Philudelph Trao.
“
50 70% 7 0 s
68 V 69
7
7
7
7
*6 % 7
* 8 % ............
Ontoi! Paeitio. ..(B oston). 100
7
7
'7
7%
17%
15% 17
15% 15% 15V 16
1 5 % 15%
Owen fraction..fJPA«fao. 50 17
15% 15%
y ils e c lla u e o n s S to c k s ,
i m t i i f t R e tln .i( Boston)... 113% 115 V 109V 111% 1 1 0 % 112
103*8 111% 107 109% 103 V 109%
101
101
100
100
P referred ...... .
“
100 ICO j ioo ioo
TO IV 102 s 101% 102
207 207% xJ02%203
200 % 200 % 202 202
201
202
Sell Telephone—
“
100 207 20 6
3J% 84%' 81
83%
32% 85% 82% 84
Boot * Mo®tana.
“
23
86 %
83*
86% 35
2
a ,
2
2
3ntte A Boston..
“
35
TV
2*4
'I V
2
IV
IV
303
303
303 303
303 303
'Jalmtiet A Recta
“
25 301V 301V 301 305
■303 305
*6 2
65
Canton C o .........(B u tt.).100
02
*02% ' « T
o i% 61% •61%
a i% **oT% *6 1 % 6 1%
Consolidated Sas
•*
100
27
27% 20
27
28
27
23
£i“ C.»tor. B a P rt (PAtia.). 100 28
2 8% 2 "
26*4 23
28
28
2 7 % 28
23
29
23% 29% 23%
Preferred •;
”
100
5J
m
53% *58
50
59
*58
Erie Telephone. (Ba*ton). 100; 59
5 8 % 58%
23
20*
27
29
23% 27% 27% 25
Rener.it E le c t r ic .
"
100; 307s 307«
26% 28%
7ft
65
70
"
100 *70
P referred .......
65
* _____
65
*13
18
18
*19%
19
uitwaStoreger.
■*
50 * l* %
13%
18
18
13
■hi’ h CoalASsv. f PA it a .) 50 * u
dJ
43
43
43
V
43
43
u%
43
43
42%
____
M E, Telephone (Boston). 100;
m
•92
93
*92
*92
93
14% 14 V
14% 1 IV
13% 13
Pa.ileatJi.APowfPJMfa.1 —,..! 14% 14%
1 3% 1 3%
13 V
6 7 % 68
70
63% 00 H ■ 69
0 idl'd Gas Imp.?,
“
50i 70
X 6 7 % 67%
091*
4:%
4i% 49
41
13
Weisbach Light t
"
5;
45
12%
2
ri%
1%
West End Land.. ( Boston)....
T%
i% | * 1 %
i%
1%
1%
1%
* Eld. and mkmi
j no sftle was made.
( t Trust reoetlpte, $5 paid.

t

In a c tiv e S to ck s,

B id,

A sk.

inactive stock*,

Bid.

Ask, jj

Lowest.
5 ,3 9 4

12 % J a n .

% June
13
M a r.
Feb.
65
'710 16 J a n .
631 157a J a n .
75 204
Jan,
4 202
Jan.
41 160% J u n e
M a r.
10
5 53
June
19.337 70V J u ly
34,800 61 J a n .
422
4 V Apr.
15 20 J u ly
-16 S3 J u ly
569 30% J u n e
52 132
June
3,278 9 4% Jan.
1,275
8% J u ly
M ay
40
2 70
J u ly
215 6 7% J a n .
392
% M ay
97* A p r .
39 175% Jan.
2,396 50% J a n .
15,293
I V Jan.
4 ,6 29
62 J a n ..
40 J
Jan.
3
21,233 10
Jan.
50

H igh est.

Feb. 24
Feb, 24
Jan. 27
Jan. 2
Apr. 16
Apr. 17
Jan. 28
June 1
Feb. 19
Mar. 10
Feb, 28
Apr. 24
June 17
1 2 % Jan. 2
30
Jan. 2
97
Feb. 10
38% Jan. 30
3
136% Jan.
109% M ay 25
12 % Feb. 24
51
Jan. 28
85 Jan. 28
70
Feb. 14
15% M ay 28
17% Mar. 9
179
May 8
54% Apr. 23
June 16
5
7 & May
10
Apr, 21
20 M ay 18

7 1 7%
8
%
6 14%
26 70
7 19%
7 19
7 217
29 209
25 171
3 t 12 %
22 56
2 82%
7 79%

8
2

2
4
30
7
3
28
1
16
25
17
6
7
10
8
23
8

126^ Apr. 21
105*8 June 12
208 June 18
Jan.
91i« Jane 15
M a r.
1314 Jan. 31
Jan.
311 M ay 22
64 June 18 64 June 18
Apr. 2
“ 4 3 5 55% Jan. 20 66
2 ,2 77 24 Jan, 7 36 ^ Apr. 15
Jan. 7 38 Apr. 16
793 25
Jan. 31
2 3 6 5 3 % A p r , 11 63
1,722 2 2 % J a n .
6 39H Mar. 13
Apr. 14
10 5 0
Jan.
8 78
May 6
J a n . 7 21
95 18
353 3 9 % M a y 25 46 H Feb. 8
7 8 7 % J a n . 23 93 June 30
15% June 15
7.273
9 Jan.
81% Jan. 2
1,462 66 M a r.
Feb. 17
245 41 July 3 67
2^8 Feb. 14
75Qi l h Jane 29
p
a
id
.
t Trust; ree.lst iastal.

55 ,5 5 5

807

9 7 i$ J a n .

95

369 197
28,861 65
1*4
2.385
55 295

Jan,

Jan.

Bonds.

68 if People’s Trao. trueteerts. 4s..1943
. 95
Atlanta A 0b&riott«
.1001
Perklotnen, la t ger.,5s.l91S Q--J
117
108 ||Phil a, % Erie gen. M. 5g.,192C, A AO
Bee non A Pre>vMeao# (Boston). 100 m u ;265
JNott*eixempt6«.......1918, JAJ
■ G e m i:le A A UanUe p i. {P h tla . ) „ 50;
100 !
! Plain 4s...................... 1910, JAJ
103 If hlla * Read, new 4 g., 1908,
i •• -i.Kih
Qrnmwtmm .. .. ... ... .. ...
•*
50'!
j 2d mort. 6 « ...............1918, J A I)
l e t preferred . . . . . .
**
®0| m
00 ! 1st pref. tacorno, 5 k, 1958, Fab 1
-Q»a 1m l O h io ............ (Bull.) 501 40
I D e b e n tu r e 6 s .. . . . . . . . 1896, J M >
99% : 2d pref. Inoomc, 5 g, 1958, Fab. 1
vt Wm% M loh u lB m ton ). t©0{
;Otic. Burl.A Qninoy 4a --1922, FA A
05 s\ 3d pret, IneoHie, 5 g , 1958,Feb. 1
5
100! 143 :144
98 ,| 2d, 5s......... .............. 1933, A&O
Connecticut A Fan#,.
**
1 0 0 2 4 0 -250
jGlklo.dtW.Mluh. tfen. 5a, 1921, JAD
CMnaecstleUt R iv e r . . . .
**
5ft i! Consol, mort. 7a___ ..1911, J<SsD
58 ij Oonsol. mort. 6 g ........ 1911, J * D
:(J o m o L o f V e r m o n t , 5 « . 1 91 3, J A J
O c a e o L T r a c A o t N .J.T { P h i la . ) . 100
m m 25
70 j ItnprovemefltM. 8 g., 1897. AhcO
C o n re s t R iv e r , 1st. 5 s ..19 27, A A O
O n l»s r »tm A B * m n d B r .
100 163
65 J Con. M.,5 g.,atampt«l,1922,M:<SiIf
Flint A Per© M urq .. , {Boston1
) . 100! 10 j 12 i l m . La.tJJi,A N oPo M . 78 .1 9 0 7 , J A J
100
120 I Terminal 5«, g ....... 19H , Q .-S ’.
U m to r n l e t m o r t 6 st. 1 9 0 6 ,M A S . ,
Pr#*Cerred .
......
**
SO j 33
f r e e . E l k. A M .V .,1 at, 6?. 1933, end.
fle e t n u v ille P m s m u g . (p h t ia , ). . . 50 ..* •»« s 94
!30 ;Phil. Wilm. « Balt., 48.1917, AAO
U n a tR a jp ed , 1st, 6a, 1 9 3 3 ....... .
50.
0 2 i: 65
128 -j Pitts. C. A 8t. L., 7s....1900, F&A
P re ferred %
**
70 i Rochester Railway, con. 5b ..1930
d o & t A B reed T o p ., .
**
50
2 d i 30
K .C . O .A 8 p r in K .,ls t ,5 g „ 1 9 2 5 ,A A O § 60
50Preferred* . . . . . , *
14
K a F . 8 L A M . o o n .6 « , 1928, M A N f! 83
36 j|!3ohuyl.R.E.81de,l8t 5 g.1935, J,v.l>
52 V
63
5 ! 10
60 |jUnion Terminal la t 5 a .......F & A
C a m Cry JTtdL A M nm .-iB m ton). l o o t
KXh M era, A Blr.,lst,2s#192?.M AS9* 55
K.
C, 8 t . J o . & V . B . r 7 s .. 1907,
‘ '
5120J A J123
100
P referred. . . . . . . . . . .
M
35 | SO
LI itte Seku ylkiU . . . . . . (P h U a .}. 50
L . Pax k a F t 8 ,, 1 s t,7 s ..1 9 0 5 , J A J f 85
90
j 64
ifl& e H U l.t& H & v e n
50;
§100 102 ) Baltimore Belt, lat, 53.1990, MAS
70 L ,« * *
\ 83
86 : Balt. C. Pass, lat 5s.... 1911, M&JN
Ifes&ueko&tiig Y e i , ..
*'
50,
i l l 7 108 j Balt. Traction, 1st 58—1929, MAS
H o n i l A m «.ric a n C o ..
*
100,
4%
4%'
8 5 % . . .. .. Mexican Central, 4 g . . . 1911, JAJ { 07
Worth P e m w ? l? m t».
**
50
18 i Eaten. St Impt, 68___ 1901, M&S
18
1st oonsoUneomes, 2 g, non-eaoL
So. Balt. D tv „ 5*...... 1942, JAD
10
10%
Or.8k.14ne 2*1 o e iL o d f
18%
Peunsyivuulu A S . W. ( F h ila .j. 50 . . . . . . I 32 j 2d consul, incomes. 3s, non-cam,
8
9 } Baltimore A Ohio 4 g., 1935, A . _
Pltte. «fe Conn., 5 g --- 1925, F&A
N. y . A N.Eng,, 1st,7s, 1905, JAJ' *119 119%
F M lA ieL A S ri© .**.*,
**
501
IS
Staten Island, 2d, 5 g.1926, JAJ
R a t H t d ..................... (B o s to n ; ,1 0 0
2 } 1st mort. 6s .. .. .. . .,..1905, JAJ *U 3% 1 1 2 T»
1
Ogden. .feL.C.,Coa.6a...\920,A<fcO i 83
►/Preferred..
**
100:* 68
70
85 | BaL&Ohio 0. W .,l8t,*%g.l990, J &J
0»peF.&Yad.,8ar.A.,6g.l916, J&D
scH itkeni.............
(B a ll.) .100
Inc, 6s..—
.............1920
ft .......... 15
Series B „ 6 g ............. 1916, J *I>
P r e fe r r e d .. . . . . . . . . .
**
10 0 I
4100 102
Series C „ 6 g ____.... —1916, J&D
f M t E n d ----. . . . . ____( Boshm ). 50.
67% 68 I
5 87
90
Cent. Ohio,4% g ...........1930, MAS
. P r e fe r r e d . ... ... .. .
**
50
87 ' 87%
B olted Coe. o f N , J . . ( P h U a , ) . 100 237 237%'
103 103% Cent. Pass., 1st 53...... 1932, MAN
______
W m t Jersey. . . . . . . . . .
**
50
Buttaio Ry, cob . 1st, o s.......... 1931 105
W e#i Jersey A A tla n .
”
50| 56 I ........ Latawissa, »!., 7*------ 1900, F&A 112
C o l A Qreenv., 1st 5-6».19l7, JAJ
W m tern ?*, V. A Penn
**
1001 “ T v " " 2 % Choc, Okiu. St (iuif, prior lien 6s .. 106% 107
W w cvm in C'entrsU.. . (B o s to n ). 100
80 i Ga. Car. A S o r. 1sl. ft g „ 1929, JAJ
78
iv
1 % CUlxeun’ 3t.lty.of l«d.,con.58.1933
.......... i
P r e fe r r e d ..........
**
100! ......... ! 10
Columb. ftt. Kv., let, con, fig..
troTO‘8LNaslL4kBoch.
«
100 110
115 I Cotoiab. O. Cross town, ls%5i
Consol. Tract, of N'. J „ lst,5a.
yUM M LLAM m m ,
SO
81 !
A llo n e i M | # f * & m tp d ( B o s to n ). 25
123% . . . . . . * Series A, 5b................1926, JAJ
%
V
4% s......
...1925, A A t
AtUm tie Mining. . . . . .
103%
25? 13%; 19 ;
73^ 73% Pledm .AOnm - 1st, 5 g . 1911, F&A
60 10 1 10% Eleo. Jt i ’eoplc'a
Bay 8
t Q m %- - ... .
Pitta. A Connells. Ist7e,1898, JAJ
Boaton Land. . . . . . . . .
10!
3%
1%' Elmir, *W iim .,
Soathem, 1st 5s...........1994, JAJ
iio
I0i *15
Oer»totstdsd M ining . ..
25
Virginia Mid., 1st 6s— 1906, MAS
106‘k
Fort Wayne E leeV f..
25
1 ! 2
2d Series, 6s____ _____ 1911 MAf
franklin Mining. . . ..
Lehigh
jrav.4%
3.........1914,025!
9 !
8*
3d Series, 6a...... .......1916, M A8
Wmtwhm‘n'n Bay L ’cL
io s
5?
%' 1 ! ' 2d 6«, gold............... 1897,jri
BUnois rtteel.. . . . . . . . . .
IOO; 60
General
mort.
4%a,
g
.li*2
l,u
65
Kearaarge Mining....
25
1!
lt % I Lehigh YaLCoal 1st 5» , kT 833,J< 1 95% 96 !
Osceoia Ml a ing........
104% 105
25
25% 26 iLehlKh Valley, 1 st 6 s.. .1898, J.'
Wert'L S.O, Oonaol. 6 g.1914, JAJ
Pullman Palace Car.
100 U t
158 I 2d 7*s,..................... 1910, M
i
118% 119 1 Wilm. Col. A Aug., 69-1910, J& l
F0:ariMfWmislm 8tee.L.. iPhMm.) .100
Consol.
6
..................
1023,
J
i
27
25
K180BUJU1BOOS.
10 1%
Preferred f f ........ .
M
100{
58 ■Newark Fas.esger, oon, 5a.,.1930 | 101
:Mortis J?enB. 1st. Is — . 19.10, M,*sft ! 108 103*11 Baltimore Water 5s— 1916, MAH
Qjpksof Mining. . .... (Boston),
113 l i t
Fnndlng5B—. . M— .1916, MAN
E*m Aim k M.inic*g___
25 83
84 j Gen. M. 7s...... ............1903, J.fcJ
Exchange 3%s........... 1930, J&J
W,ater w» r
Paterson Hallway, consol. *3s......
100 .
%' 1
n.
Vsstutffit. Elft*'1. 1% M..
27%: 23 iPeanMytvan:a g e o .6» , r,.1910, Vai I 1314a _____ Virginia (8tat8)3»,new.l9K2, JAJ
Funded debt, 2-3a.......1991, JAJ
i
Co*mol.6a,c
........1901
118
cumalative..
H
50
50
51
G*:.... .i'G.-.;.
j Consol, ft*, r ....... ........ 1919, Vai j 118 J . . . . . . i
B o n d s —B o sto n t
jOonftOl.
Gas, 6 8 ..........1 9 1 0 , JAJ
.
*
Goliat.Tr,
4%
g
.........1913,
.l.fci
A ... 1 0 4 i*.*d .F 7 lO O -y ir.4 g , , 1 9 8 9 f JAJ
5b
***«w* v.*X93&# JAJ
pj. v. N. Y. Canal,7s... 1006, Jfel i ’2 i "
t ; % 4% g., i :Um A ,. 1989, A AO
mil table CN**- _•_________; " ~!
Coo,5s... . . . . . ______.1 Np d-.-ft. 1 05 1— M ■‘5 ■■ * f ,:«4 U m ) at ft®. . .. .. .
4nd a o o ru e l interest.
—
Pri *
i•!*- vm m m w i p
P r im s &f l i i i f j 3

5 86
Ill6
5107
'i 93
§102
f 97
i H7
93%
| 96
, 50
5 36
; uo
' 60
119%
}128
Jl26

Bid.

101 101 %
103% 109%

I 109
109 109%
104 106
107 108
go
79
100
111
107 107%
112
109 ......
109
......
101
109% 109%
"
112
115 1 1 6 %
112
90 ......
1 0 2 % 103%
105 105**
112
110
109 — —
120
104
69
67%
105
110
102 is

10 1%
70
58

-

112
103

t h e c h r o n ic l e .

20

NEW YORK STOCK.
E a il r o x d a n d
MllSCELLAXEOO* B o s e s .

[Y ol . LX11I,

EXCHANGE PRICES (C oatlaaeil ) —A O T lV E BONDS -JULY 3 A ND FOR Y E A R 1S96.
JnC st

Closing Range (sales) in 1896
P r ic e

Period J u iy i.

I---------------- ——— ----

Lowest.

Hignesi

R a il r o a d an d
M is c e ll a n e o u s B onds .

! I n t ’st
IP e r i o d

C l o s i n g R a n g e ( s a l e s ) i n 1896.
P r ic e
, -------------------------------- J u l y 3. ;
L o w e st.
h ig h e s t.

87 F eb .
83
80 Jan.
M. K. A T exa s.—1st, 4s, g .l9 9 0 ;J * D
63% Feb.
56%
53% Jan,
2d, 43, g ...........................1990ief f M
86 b. 86 June 97 Jan.
Mo. P a c.—1st, con., 6g......1920;M <* £
112 Jan.
3d, 7s........ ...................... 1 9 0 6 .M A N ........... 106 M a y
Pao. o f Mo.— l9E ,6X.,4g-1938i^ & A. 103 b. 101 Feb. 104% June
106
A p r.
...........
105
S
la
y
2d ex t. 5a........ ........... 1938;J * {
St. L.tte Ir .M t .ls t ext., 5 s.l8 9 7 ,P « A 101 b. 100 Feb. 102% Jan.
103%
A p r.
100
%b.
100
Jan.
M
A
N
2d, 7 g ..........- ............... 1897
" XT
C airo A rk . A Texas, 7 g .l8 9 7 J A D 100%a. 100% Feb. 10234 S la y
81%
M
an
77
A
A
O
74
June
Gen. R ’y A la n d g r .,5 g . 1931
0»*!: I? «
«
M obile A Ohio—N e w 6 g — 1927 J A D 116 b. 117 Jan. 120% M a y
6434b.
68%
F
eb
.
M
A
S
62%
Jan.
8 S | . J S U - « . o . w i i } ^ i j f ' i t t . f i * l107
w » Feb.
W
G en eral m ortgage, 4 s ...1938
127 Feb. 132 June
1 1 0 % Mar. Nash. Ch, A St.L.—1st, 7 s .. 1913 J A J 132
102
F
eb
.
99
A
A
O
99
A
pr.
Consol., 5 g ...................... 1928
Vr::!^xiol j
!:
ii l l s ff5: 120 Apr.
M A N 101
100% Jan. 103% A p r.
June N. Y . C entral—D ebtext.4s.1905
120%
S
la
r.
116
General m ortgage. 5 g ...l9 8 7 J * ^ 117is 112% Jan. 120
J
&
J
118
Jan.
1st, ooupon, 7s................1903
Lab.A W.B..you.,78,as il. 1900 y —At 102 b. 102% June 106 Feb.
105% Mar. 109 F eb .
D eben.,5s, coup., 1884..1904 M A S 107
92% Mar.
90 b.i 90 Apr.
•
mortgage.'”*. 191'- •;> A. -j
111% Slay 111% June
N. Y . A H arlem , 7s, reg.-1900 M A N
114%
Mar.
l
l
l
%
b
.
111%
Jan.
Ann Dock A Im p.. 5 s---- 19210 * J
117 b. 116 A pr, 119% Feb.
A
A
O
R
.W
.
A
Ogd.,
consols,
53.1922
100%b.l 99% Jan. 101 M ay
Central Pacific. - Hold, 6s. 18981J
J
A
J
104
Jan, 107% June
104%
W estShore, guar., 4s. ...2 361
c U t A O l d A - W . A .’Sg.'.lflOS A « O 1 1 0 % L v ll5 % Apr. 117% M ay
102 Jan. 105 F eb
118 June N. Y . Ohio, A St. L .—4 s . . . 1937 A A O 103%
J
A
J
129
Jan. 133% June
N . Yr. Lack. A W,—1st, 6 s ..l9 2 1
111% Apr.
C onstruetlon, 5s............ 1923 F A A *113 b. 112% M ar. 115 J u n e
78% Feb.
135
b.
M
A
S
140 Feb.
97% June N. Y . L. E. A W .—1st,con. ,7g. 1920 A A O 133 a. 135 Jan. 131% A pr,
R .A A .D iv ., lsteo n ., -lg.1989 J & J 94%b, 91% Jan.
131% A p r.
L o n g D ock, consol., 6 g.1935
88 June
85 a. 82 Feb.
2U con.,4g.-1989 J & J
132%
137
Feb.
A
A
O
131
M
a
y
N .Y . N. H . A H .— Con. deb. ctfs.
99
I 98 Jan. 102% Feb.
EU i. L e x .A B lg .8 n n .,5 g .l9 0 2 M A b
88
93% Feb.
87% M a y
N .Y . Out. & W.—R e f. 4s, a.1992 M A S
Chi*. Burl. & Q.—Con. 7s.l903| J A J 115%b. 115% Jan. 120 June
107
a.
J
A
D
110
Feb.
107
Jan.
Consol., 1st, 5s, g ........... 1939
97%
95 Ju ly 101% Apr.
Debenture. 5s................. 1913 A J® *
97 %a. 96 A pr. 100 Jan.
N .Y .S u s.A W .ls tre f.,5 s , g.1937 J A J
101
99% Mar. 104% Feb.
C onvertible 5a................ig C J 'M &
115%a.
A
A
O
118
Mar.
11334 M a y
M idlan d o f N. J „ 6s, g ,..19 10
95% Juno
95 b. 93% Mar.
D en ver D ivis ion -is........1 9 2 2 .F A a
60 b. 60 Jan.
67 Feb,
N o r f.A W .—100-year, 5s,g. 1990 J A J
91% Feb.
87% Jan,
Nebraska Extension, 4S.1987 M A A
89
113
J
A
J
118
M a r.
113 J u ly
N o. Faolflo—1st, coup. 6 g .l9 2 1
Han. A St. Jos,—Cons.6s.1911 |M A 8 ........... l l o
Apr, 118% Jan.
114 a. 113% June 114% June
Do. J. P. M. A Co. c e r tfs .......
Chic. * E . m .- ls t , s .r .6 » .1 9 0 7 J A D : 113 b. 112 Jan. 117% M ay
t
llO
?
!
J’ ne
t
l
l
O
b.
A
A
O
100 Jan.
General, 2d, coup., 6 g.,193 3
C onsol 6 k .......................1931 A A O 123 b. 123 Jan. 127 June
64%b. 64 Jan.
8 2 % M ar.
General, 3d, coup., 6 g ..l9 3 7 J A D
G eneral consol., 1st 5s..1937|M A N; 00%b. 98 J « l y 102% Apr.
t
45%b.
J
A
D
151%
A
pr.
31% Jan.
Consol, m ortgage, 5 g . .. 1989
Chicago A E rie. — 1st, 5 g ..l9 8 2 M A A 10, lb. 105-2 Jan. 112 Feb.
94 A pr.
76% Jan.
Col. tru st gold notes, 63.1898 M A N t 90
93% Feb.
Chic. G a sL . A C .—1 s t,5 k . . 1937|J A Ji 89 b., 90 Jan
137 Jan, 148% A pr.
Chic. & N. Pa e., 1st. 5 g,.1940 A A O t 43
Chic. M il, A St. P.—Con.7s.l905|J
A J 128%n. 123
Jan. 132% June
136 M ar. 144% Feb.
Seat. L . S. A £ „ lst,,gu.6.1931 F A A *140
-.vcstDiv., 6S..1909 J
A J i l l b. 115
Jan. U S M ay
126 Jan. 139% A p r .
1 1 8 % June No. Pac. A M ont.— 6 g ....... 1938 M A S 1 36
1st, So. Mian. Dsv., 6 s ..1910 J
*kJ l l l ^ h . 112*3 Jan.
106
J
A
J
100 Jan. 109% J u n e
No.
P
a
cific
Ter.
Co—
6
g
___
1938
Ist.C ii,A Fac. \V.Dlv.5s. .1921 J
A J 113
110 Jan. l l o % June
June Ohio A Miss.—Co ils .!., 73.1898 J A J *105 b. 103 Jan. 104% S la y
C hic.A M o .R iv .D lY .,5a..1926;J A J, 10S
103% Jan. 1 1 1
J
A
D
*
83
87 June 94% Feb.
Ohio
Southern—1st,
6
g.,,1
9
2
1
P T U c ,A ilin n -.D iv ,5g...l921|J A J' 110 b. 106% Jan. 1 1 2 % Mar.
35 Feb.
25 Jan.
G en eral m ortgage, 4 g.,192 1 51 A N *t 30
Term in al, 5 g ___ .. .. ... ..1 9 1 1 J A J 113 a . 108 Jan. 114 June
J
A
D
91% Jan.
83
b.
80% M ar.
O
regon
lu
ipr.
Co.—1st
6
g
..
1910
98 June
Gen. M., l g ., series A . ...1989 J A J
91
92% Apr.
111% June 36 Jan.
Consol., 5 g ....................1939 A A O t 12
M>j A Nor.— ist,con.,68.1913! J A D 115% b,115% Jan. 119 M a y
112%
June
109%a,
J
A
J
105
Jan.
O
re.R
.A
N
a
v
.
Co.—1st,
6
g
.l9
0
9
Chic. A X. W.—Consol., 7s. 1915 Q—F
110 a. 138% M ay 141 Jan.
190 Jan. 198 Feb.
Consol., 5 g ......................1925 J A D f 97
C o u p o n ,g o ld ,T s ........... 1902!J A D l l o b. 11 6% June 120 M ay
113
3
4
Ju ne
J
A
J
108%
Jan.
111
%
Penn. Co. -4% g, cou p.......1921
HSifeim-fimJ. Os!”
fis________1929
Sinkinefund,'
! - ’ . .1929 AA AA O
O' 108%a.
108%a. 112
112 Jan. 116 Mar.
*110 b. 105% Jan. 112% F eb .
P.C .C .A S t.L.,con . gu4%,1942
Jan. 111 Mar.
Sinking fond. 5s.............19 2 9 ;A A CL'108%a. 108
98
b.
J
A
’
J
101
Slar.
102
M
ar.
P eo. Deo. A E van sv.— 6 g.1920
Sinking laud, tleben., oe.1933 M A N c i0 9 % b , 107% Jan. 111% Apr.
Evans. D ivision, 6 g .......1920 M A S 100 b. 101 M ar. 101 M a r .
25-vear debenture, 5 s ...1909 M A N ^ lO o b. 103 Jan. 107 Apr.
M
A
N
26
Slar.
31
Feb.
2d m ortage, 5 g ............... 1926
Extension, 4s...... .......1 9 2 6 F A A 102
100 Jan. 102% Apr.
C h ic.K .I. A P a e .—6s,coup.1917 J & J, 127 1). 126 Mar. 13o Juue Pliila. A Read,—Sen., 4 g.,195 8 J A J 1 76%b. 171% Jan. ;180% J u n e
1 8 % Jan. 136% Jan.
t 31%
l s t p f .in c .,5 g, 2 d in s t.p d .’58
Extension and col., 5s — 1934;J A J 101%b. ,00 Jan. 106 June
5% Jan. [122% Jan.
t 19%
2dpf.ino., 5 g., 2 d in st, pd.’ 58
97% Feb.
30-year debentu re,5s... 1921 |M A S 9, a. 92 Jan.
3% Jan. J 20% Ju ne
t
17%b.
3 d p f.m c .,o s ,, 2 d in s t.p d .’ 58
Ohio. St. p. M. A 0 . - 6 5 . . . 1930 J A D 125 b. 124 Jan. 129 M ay
77 Jan.
70 b. 65 Slar.
P ittsb u rg & W estern—4 g . 1917 J A
C hie.AW .Ind.—Gen.,g.,6s. 1932 Q —M 114%b. 116 June 118% Feb.
77% Feb.
70 Jan.
74
R io Gr. W estern— 1st 4 g '..1939 J A
90 Jan.
Cleveland A Canton.—5a..1917 J A J * 185 a.; 79 Jan.
Jan.
St. Jo. A Gr. Island—6 g_.192o M A N t 40 b. 40 Feb. t o l
Clev. Lor. A Wheel.—5s...l9 3 3 |A A 0 *106 b. 104% A p r. 107% Mar.
117%
A p r.
M
A
N
111%
Jan.
115%b.
St. L. A San F r.— 6 g, Cl. B . 1906
U C. C . A I . —Consol. 7g ...1914|J A D 130 b.;119 Jan. 134% M ay
6 g., Class C..................... 1906 M A N 115%b. 112 Jan. 118 A pr,
G eneral consol., 6 g . -----1934, J A J 120 b. 125 M a y 127 M ay
G eneral m ortgage, 6 g .. 1931 J A J 110 b. 101% Jan, 114 J u n e
C .C .c ,*S t.L .-P e o .£ e .,4 3 .1 9 4 0 A A O 74 a. 75 June 80 Jan.
M ar.
38
23 M a y
Cons. guar. 4s, g ............. 1990 A A O
23 Jan.
14 b. 18% Mar.
Incom e, 4s...................... 1990 A p n L
70 a. 67% June 76 F eb .
St. L. A So. W.—1st, 4s, g.1989 M A N
98 a. 94% Jan. 100 Jan.
Col. Coal & Iron —6g......... 1900 F A A
24 b, 23% June 32 Feb.
2d, 4s, g., incom e............ 1989 J A J
A pr. 114% June
Col. A 9th A ve. gu. 5s, g . . 1993 51 A S 114%b, I l l
St.P.M .& M .—D ak.E x.,6 g . 1910 51 A N 118 b. 119 M ar. 121% M ar.
Ool.H. V a l.A Ton—Con.,5g. 1931 M A S
90 Feb.
86
S3 Jan.
1st consol,, 6 g . . . ........... 1933 J A J 121%b, 117 Jan. 124% Ju n e
90 Apr.
84 b. 80 Jan.
General, 6 g ..................... 1904 J A D
“
reduced to 4% g .. J A J 103%b. 101% Jan. 106 June
Deny. A Kio 6 r .—le t , 7s,g. 1900 M A N l l l % b . 110% Jan. 114 Apr.
88%b. 84% June 89 Feb.
M ontana e x te n s io n ^ g . 1937 J A D
92 M ay
83 Jan.
1st consol., 4 g ................ 1936 J A J
90%
59 F eb .
56 a, 51% Jan.
98% June San. A nt. A A . P .—lst,4 g .,g u .’ 43 J A J
95 a. 95 Jan.
DHL So. Sh. A A tl.—5 g ----1937 J A J
97 A p r.
93%a. 93 Jan,
EdisonE1.I1L—lst,oon.g.58.’ 95IJ A J 101%b. 97% Jan. 105% June So. Car. A ;Ga,—1st, 5 g .,.1 9 1 9 M A N
97 F e b .
94 Feb.
94
So. Paoifle, A riz .—6 g . . . 1909-10 J A J
91
91 June 95% Feb.
E rie—4, g, prior bonds— 1996 J A J
F eb .
So. Faoiflo, Cal.—6 g . . . 1905-12 A A O 111 b. 107 A p r. I l l
67 Apr.
63 Ju ly
63
General, 3-4, g ...............1996 J A J
92% A p r .
90 b. 90% Star.
1st oonsol., gold, 5 g .......1937 A A O
Ft. W. A D e n v .C ity .—6 g.. 1921 J A D f 55
i 54% June t 70% Feb.
So. P a cific, N. M .—6 g .......1911 J A J 102 b. 101% Jan. 106 Feb.
G al. H .AS an. A n-M.A P .D .181,5g M A N ; 90 i
93 Jan.
90 % M ay
89%
Southern—1st oons. g, 5 s .1994 J A J
87% Jan. 94% J u n e
Gen, Electric, deb. 5s, g . . . 1922! J A Dj 89 ;
93% Feb.
85 Jan.
93% Feb.
88 b. 90 Mar.
E. Tenn. reorg. lie n 4 -5 s .1938 M A S
H oos. A T. Cent. gen. 4s, g .1921 A A O
71 Apr.
09%
68 Apr.
E. T. Y . A G .—1st,7 g . . . . 1900 J A J 106%b. 107 Jan. 111% Junem in ols Central.—4a,g......1953 M A N
99%
99 Jan. 102 Feb.
Con. 5 g ........................ 1956 M A N 107 a. 105 Jan. 109% A pr.
Western Lines, 1st, I s , g. 1951 F A A 1 0 2 % b .l0 1
Mar. 103% June
In t-A G rea tN o r.—Ist,6 s,g.l919 M A N 114 b. 115 Jan. 118% Apr.
G eorgia Pae. ls to -6 s , g.,1922 J A J * l l l % a , 110 Jan. 114 Jan.
K n o x v . A Ohio 1st 6s,g. .1925 J A J 115 b. 113 Feb. 116 M a y
2d, 4-5a...........................1909 M A S| 70 b. 70 Jan.
77% Feb.
Bioh. A D a n v . con. 6s, g.,1915 J A J 116 b. 115 Jan. 1 2 1 % J u n e
94%
90% Jan.
Iow a Central.—1 st,5 g ....l9 3 8 ,J A D
98 M a y
W est.N o.C a rlsto on ,6 s,g 1914 J A J 109% 109% J u ly 114 A p r .
K in gs Co. E lev.—ls t,5 g ..l9 2 5 !J A J: 58
; 58 July
71 Jan.
93
Feb.
90 a.! 89 Jan.
Tenn. 0 . 1. A R y —Ten, D .ls t, 6g A A O
L aclede Gas.—1st, 5s, g . . . 19191 Q—S' j 92 b. 90 M ay
96 Jan.
95 Feb.
87 b.; 89
Jan.
B irm ingham D iv., 6 g .,.1 9 1 7 J A J
L a k e E rie A West.—5 g___1937 J A J| 115%b. 113 Jan. 117% June
91 A p r .
84
| 81
Jan.
L . Shore. -Con,Op., 1 st,7 s .l9 0 0 !J A J 110 b. 112 Jan. 115 Jan.
T e x a s A Paoifle—1st, 5 g ..2 0 0 0 J A D
24% Feb.
19%b. 18 Jan.
2d, incom e, 5 g ............2 0 0 0 M arch
ConsoL coup., 2d, 7s...... 1903 J A D
118 b. 116% June
120% Mar.
I * x . A v . A P a v . F. gu. 5s,g.l993 M A Si
115 a .’I l l
Jan. I l l 5
June To led o & Ohio Cent.—5 g . .1935 J A J 106 b. 105% Jan. 109% J u n e
i63
J u ly 1 77 Feb.
L on g Island.— lstcon .,5g.l9 311 Q—J-119%b. 117% Jan. 120
Feb.
Tol. St. L. A K a n . C.—6 g ...l9 1 6 J A D
107 M a y
U n ion Pacific—6 g ........ . .1898 J A J
G eneral m ortgage, 4 g ... 1938 J A D
94 a. 93 Mar.
I 98 Jan.
Louis.
97% F eb .
’
- & Nash.—Cons.
--- .1898IA A Oi 105 b. 104% Apr. 108% Mar.
E x t. sinking fund, 8....... 1899 M A S
154% Feb.
N .O . A M ob U e, lst,6 g -..1 9 3 0 !J A JP115 b. 118 Jan. 119 Feb.
C ollateral trust, 4% ....... 1918 M A N
98 Jan.
“
“
2d ,6 g. 1930 J A J 100 a. 97 Jan. 102% M av
91% M a y
G old 6s, col. tru st notes. 1894 F A A
A p r.
General, 6 g ......................... 1930J A D 115 b. 114 Jan. 117% Apr.
106 Jan. I l l
K an. P a c .-D e n .D iv .,6 g .l8 9 9 ,M A N
1
77% Feb.
U n ified ,4 g ...........................1940J A Ji 76 b. 71% Jan.
.........
„.1919!M
A
N
1st
consol,,
6
g
t
68%b.
68%
M
a
y
30% Feb.
Louis,N. A A C h .—1st,65.1910 J A J 111 b. 111% Jan. 114 June
O regon Short la n e—6 g.1922 F A A t l l 0 %
1100 Jan. 115 A p r .
Consol., 6 g ...........................1916A
‘ r.S .L .A
............
~ on.,5gl919
A A O f 64 b. 151 Jan. f 70 F e b .
99%b.A O99 Apr. 103 Feb.
O
U t’hN.—C
Manhattan consol. 4 » ........... 1990A
AO
94%
Apr.
40% A p r .
___________
U .P .D en .A G u lI,eo n .,5 g .l9 3 9 J A D
32 b. 31
% Jan.
99
% Mar.
124% J u ly 136% F e b .
Metro. E levated.—le t, 6g. 1908 J A J 117%b. 1 1 6 % Jan. 120% June U. S. Cord.—1 s t00L , 6 g . . . 1924 J A J
*“
*
105 A p r .
2d.os-.............................. 1899 M A N 106 b. 105 M ay 108 Apr.
V irg in ia Slid.—Gen.M,, 5s. 1936 M A N
t.—H t.oon s., 7 a .l9 02 M A N ll.-G.- rj.115 M ay 119 Jan.
109 A p r.
Wabash—1st, 5 g ..........;..1 9 3 9 M A N
77% F e b .
ConsoL, 5 s ...................... 1902 M A Ni l i o a. 105 M a v 108% Feb.
2d m ortgage, 5 g ............. 1939 F A A
MU. Lake Sh. i W . —lst.6g.1921 M A N 129 b, 129% Jan, 132% Apr.
108% M a y
W est N . y ! A P a .—1st, 5 g . 1937 J A J
Extern A Im p,, 5 g..........1929;F A A .- 1 1 6
49% Feb.
a. I l l
Feb. 115% M ay
Gen. 2-3-4S, g o ld ............ 1943 A A O
M inn.ASt,L.— U teon .5 s,g.l9 3 4 !M A N| 100 a. 96% Jan. i103% Apr.
108% J u n e
W est.U n.Tel.—Ool. tr, o s ..1938 J A J
Me- K ,v E.— 1st 5.-.K., ku .,1942 A A O 89 b. 86 Jan, j 94 Feb.
t4 6 F eb .
Wise. Cent. Co. 1st 5 g.
.19371J A J

1 1 1 % Jan.
107%b. 107%) M ay
09
«6
Jan. j 72 Feb.
81% Feb.
A Aai ut bne’n t 4 « * . N o v .
. 39%
38% June i 51% Feb.
C^l. M l d l a n a - C o n A . l g . m o F & A i t20isb. 120 Jan. 197 Feb.
50 A p r
v ' 'V ’ 7.u J,s * :3 J A D 116 K lll l S s J a n . 'j l l 7 % M a y
F ieV 1st 6«r
1924'A * Oi 79 b. 79 July 102 Jan.

Am er. C otton O U .d eb ..S g- 1900l CJ-F
A M A r b o r . - H t . t o . g . . . •I M S Q - J

5'o i e ,—" b " Indicates price

but;

“ a " prioe asked; the range 11 made up fr o m aotual sales only.

NEW YORK STOCK EXCHANGE P R IC E S -(C on tia u ed ).
S E C U R IT IE S ,

Kailroaii Bonds.
/S to c k E x c h a n g e P r i c e s , )
AJatiaum Mid,—1st,g., g u a r..1028!

Ateh. T o p e k a & San Frau.—

Chicago <fc St, Lou.—1st, Os. 19151
Col. Mid. Is t. g .,(i3 .............1936
A ti. * Pac,—2d w . D., gu. 68.1907

Western Division income.. 1910

Bait

a

Ohio—l**t, 6«. Park B.1910 *

Bid.

A s k .'

S E C U R IT IE S .

B id.

* L a te s t p ric e this w eek.

t Trust- rec e ip ts .

IN A C T IV E BONDS - J U L Y
Ask,

S E C U R IT IE S .

Bid,

Ask.

84
Balt. A Ohio—5s, g o ld ............1925
94 j B runsw ick & W ’n—1st, g., 4s. 1938
99
Cons, mort., gold, 5s........... 1988 103
97
Buff. Roclt. & P itts .—Gen. 5s.. 1937
124
W Vft. A P itts.—1st, g., o s ..1990
Rock. & P ., 1st, 6s..... .........1921
B . A 0. 8. W „ 1st, g., I % s . . .1990
Rock. & P itts.— Oons.lst,6s.l922i 1141*2117%:
Monon. R iver, Ist, g., g. 5 s ..1919
Buff. & Susquek.—1st, 5s, g . . l 9 1 3 :
C ont'l Ohio R eor.—1st, 4% s. 1930
Burl. Ced. Rap. & No.- -1st, os. 1906 d o e ' i o e i o
Ak.&Cb.Juno.—1st,g,5s,gu. 1930
B rooklyn Elevated—2d, 5 s ...1915
Minn. & St. L .—1st, 7s, g u . .1927
57*3
“ T ‘
Seaside A B.B.—1st,g,5s,gu .1942
. . . . . . i Ced. Rap. I. F. & 2 s. , 1st, 6s. 1920
B r'k ly n Rap. Tran.—Gold. 5S.1945
1st. 5s.................................1921
77% 78

J

u l y

THE CHRONICLE

4, i s y e . j

21

T U R K. STO C K. elX .O tlA .V ttE P R I C E S .— I N A C T I V E B O N D S — rC o n tin u e d J — J U L Y
Bid.

SECURITIES.

Ask.

U-Ohio— Gol. A.Cln.M.lst,4*4S.1939 .................
9 m “95*A
U n it.R R . A B u c k .—C ol.g.5s_1937
’ 'a t . o f Y . J .— C on v.deb., 63.1908
......
C m t Pacific— S old Doads.6s.1896; 100
.......
Gold bonds, 6s........ ............ 18971 too
—
......
San Joaqu in B r., 6s. - ........1900 ' 102
Mort. gold 5 s . . . . . ................ 1939
...
......
......
Land gram , 5s, z .................1900 . . . . .
......
Cal. & O. D iv., ex t., a. 5 s ... 1918 ’ 100
......
Vest. Pacific— Bonds, 6s___1899 *100
. ....
So. R a ilw ay (C al.)— 1st, 6s. 1907,
92
......
50-year 5s..........................1938
03 ----Gaea. A O.— Par. M. tnnd, 6s. 1898
..Tala’ T a lle y — 1st, g., o s — 1940; ...............
Warm Spr. V a L , 1st, g. 5 s ..1941
Jiea. O. A S o.W est.— l ; t 6s, g.1911 ..................
i l , 6 s..................................... 1911 ................
Oh. V .-G «n .c o n .ls t,g n .g ,5 s .l9 3 8 . . . . .
......
hicago & A lton —8. F ..6 S ___ 1903 I l l ' s ! .......
D ials. A Mo. R iv er— 1 s t,7 b.1900 112
........
.......
’ d , 7 s . . . . ............................ 1900 111
8 t .L . Jacks. A C h lc .-2 d , 73.139- 105
....
Miss. A. Bridge— 1st, s. £., 68.1912 ..................
C lie. Bari. A N or.— 1st, 5 s ....1926 ’ 103
----O eban tu reSs........................ 1896; ......... I-.,—
C . e. Barling. A O.—5s, s. f.,1 901 1031s 10l*4
.o v a Dlv.—8ink. fu n d , 5 s..1919
Sinking fond.4s.. . . . . . .
1919 97 ! 9 i
P ain , 4*..............................1921 •S9=s! —

Coinage A Iow a Div.—5S...1905;
Oaic. A Indiana Coal—1st 5s. 1936

96

Cot. MU. A 8 t.P .— 1st,S s.P .D .1898: 108
2 7 3 -lO s, P. D .................. 1898 '1 27

; .....

SECURITIES.
iivans. A In-lian.—1st, eo n s..1926
Filar * tP.a Marquette—
"
at

Bid.

Ask.

3.

SECURITIES.

Bid.

Ask.

........ . . N o r t h e r n Pacific1 C.
" d’Alene—Gen. 1st,g., 6S..1938

Mort., fir............................... 1920 113 115Cent. Washington—1st,g.,6s,1938
1st. non. gold, 5s................ 1939 " ......... I 90 j Norfolk A 8outh’n—1st, 5s,g.1941
.......... 'Norfolk A West.—
Pt. Huron D ir.—1st, 5 s ___193S
'!a. Cen v P ec.—1st g. 5s
1913:103
......
General, 6s .......................1931
1st con. 2., 5 s .......................1943
...........
N ew R iver 1st 6s............... 1932
*T. Worrit A R. G.— *et g., 5s..1928 ' 52
59
Imp. A Ext., 6s....................1934
Gal. Har. * San Ant.—1st, 6 3 .1 9 1 0 ..............
AdinstmentM.. 7 s ..............1924
2d mort., 7s....... ............... 1905'
96
98
Md. A Wash. Div.—1st,?.5s. 1941
G a.C ar.A N or.—1st,gu. 5s,g. 1929 .............. .
Scioto Val. A N. E.—1st,4s,.1990
Grand Ran. A lad.—Gen. 5sT. 1924 —
---Ohio A Miss.—
Hoosatowo—Cons, g o ld 5s___1937 -123 ____
...
.............................
CodsoI. 7s.........
..................1898
N. Haven ADerby, Cons.5s..1918 112 ........
2d consol. 7s..................... 1911
Hons. A T . C.—Waco A N.7e..l903 '125 .......
Spring.Dxv.—Is t7 s ............ 1905

U 054 iio
123

67"
80
*105
UOO

103*4
1 0 d'-s .......
G eneral os............................. 1932
........ Ohio R iver R R .—1st, 5 s ...___ 1936
10 2
"So I ........i 1 Gen, g.,5 b ............................... 1937
*45
......... .......|Omaha A St. Louis.—1st, 4 s ..1937
110
........ O regon A C a lif or.—1 st, 5s, e . 1927
1021a........ O reg. R y A N a v .—C ol.tr. g..5s,1919
........
...... Penn-P.C.C.A3t.L.Cn.g.4>48A1940 * iY o “
103
95
....
Do
do
SerieB B ........ '1 10
___ I P.C .A B .L.-l8t,e.,78................ 190C
. . . . ; P itts. F t, W. A C.—1st, 7 s... 191
■112
2d, 7 s ................................ 1912
C. St. L. A N . O.—Ten .1.,7s.1897
3d, 7s.................................. 1912
1st, consol., 7s................. 1897 .......
O h.St.L.A P.—1st,eon. 5s,g. ..1932 1154
C ev. A.P.—Cons.,s. fd., 7sA900 114
-.coupon............. 1951; ................
Meinp. Div., 1st g. 4s...... 1951
100
Gen. 4*4s. c.t “ A ...........1942
........
Ced. Falls A Mam.—1st, 7s.. 1907
8t. L .V .A T .H .—1st,6s.,78.1897 10*6*

1st g., 5s <int. e t d )............... 1937
Cons. g. 6s (Int. g t d )............ 1912
I Debent. 6s. pr.n. A it,:, gtd.1397
Debent. 4s, prin. A int. gtd .1897
Illin ois Central—1st, g., i s . ..1951
1st. gold. 3 ^ 8 ....................... 1951
G o !d 4 s ...................
1952
2-10 £., 4 s ............................ 190-1
Cairo B ridge— i s .................. 1950;
8pringf. D iv .—C ou p.,6s___ 1898
M id d le D iv.—R eg., 5s..........1921

lnd. D. A Spr.—1st 7s, 1906, trust
2d, 7s............................... 1898
rents., ex bonds.........................
......
2d, guar., 7s.....................1898 103
Ind. Dec. A IV.—1st, g „ o s ....1935,
100), Gd.PwAI.Ext.—lst,4'ss,G.g.l941
125 lnd. Ills. A Iowa.—1st, g, 4s..19391
...... Peoria A Pek. Union—1st, 6s .1921 112
125*4
1st. ext., g. 5s. ............... ..1943j
69
95
2d mortg., 4-43..... 1921
........ Int. A U. N’ n.—3d, da
......1921! •20
Pitts. Cleve. A ToL—1st, 6s...1922
------ K mes CO.-F.Ei.,lstI5,g ..’ V i c_ c ...........
Pitts, a L. Er.—2d g. 5s, “ A ” .1928
........
129

1 , ,»s, 8 g „ B. D .................1902 -126t» 127

1 .

.* M , 7«.................1897 *123

A D .,7s....................1899-123
................... 1903 -125
,C. A M.,
I t , 1. 1 1 . L
108 "126
1 »„U

* D a v., 5s........

1919

I t, ti A D .,7 » ................. 19101
1 t, 0 . A D ..5 s................. 1910
J >lease A Pacific Div., 6s.. 1910;
2 oeral Point Div. 5s.......1910!
a s L. Sap. Div., 5s...........1921
Fargo A South,, 6s, A*su...l924

U ■ 107
Lake E rie A W est.—2d g , 5 a .1941 1*0
103% Pitta. Me. K . A Y .— 1st-6s____ 1932
...... —
N orth ’ n Ohio— 1st. gn. g.5 s.l9 45 |*......... 4 0 4
Pitts. Painsv. A F .—1st, 5s. ..1916
1 0 3 % ........ L. S. A M.Sou.—B .A K .—N e w 7 a .’ 9 8 j' i0 5 ■, . . . . . P itts. Shen. A L .E .—1st,g.,5s. 1940
123 j ........ [;_ 1st consol. 5s........................ 1943
------ ----- ;j D e t .M . A T . — 1st, 7s........... 190tt 123
107)4,.
........ . . .
L a k eS h ore— D iv.b on d s,7 s. 18“
Pitts. A West.—M. 5s,g.1891-1941
106 ........
K ai. A IL A G . R . - l s t g u . 58.1938
Pitts. Y ’gst'nAA.—1st, 5s,oon. 1927

Mahon’g Coal RR.—1st, 5s. 1934

Rio Grande So.—1st, g., 5s. ..1940

IlO . coov. sink, fu nd , 5s___ 1916|"ioo
........ l,“ h lg h V .,y .Y .—1st gu.g.4*gs, 1910 .......1100's 8t. Jos. A Gr Is.—2dine........1925
Lehigh V.Term.—1st gn 5s,g.l941 109 110
J t t o t a A G t . South., 5 s ....1 9 1 0 ■109 110
Kan. C. A Omaha—1st, 5s. .1927
MU. A N or. m ain lin e—6s.. . 1910: 116 ........ Leh igh V y C oa l—1st 5s,gu.g.l933j
St. L. A. A T. H.—Term. 5s..1914
C alc A N o rw .—30-year deb.5§.1921 lu 9- j ------ IJlchf. Car.A West.—1st 6s. g.l91tij
Bellev. A So. 111.—1st, 8a...i896
as e n a b * A L. 8. 1st, 6 s .... 1901 107
. . . . . L ittle R ock A M.—1st, 5s, g ..l9 3 7 ;
Believ. A Car.—1st, 6s........ 1923
' M V , A M ia n .— 1st, 7fl___ 1907
....... ( . . . . . . U Long Isla n d —
Chi.St.L.APad.—1st,gd.g.Ss 1917
to v * M idlan d— 1st, 8 s ......1 9 0 0 115*4 ......
1st, 7 s ....................................1898;* 105 4l
8L Louis So.—1st, go. g. 4s. 1931
CMe. A M ilw aukee— 1st, 7s. 1899 1 0 4 4 ........
F erry , 1st, g., 4 4 - ............... 19221 ........ 904
do
2d Income,5s.1931
V a. A « f . P .—2d, 7s............1907 123 ........
G old 4*.................................. 1932:
Car. A8hawt.—1st g. 4s___ 1932
<tl. A Mad.—1st. 6s........... 1905 114*4 ........
N, Y . A R ’ w ay B .—1st, g. 5s. 1927
St. L. A 8. F.—2d 6s, g., cl. A . 1906
J i . C . P . 4 8 !. P — 1st, 5s. 1909
___ . . .. . j!
2d m ortg., m e ....................19271
General 5s........................... 1931
424
271 35
t wthern 111.—1st, 5 « ......... 1910, ......
1st, trust, gold 5s............. 1987
........
N .Y .A M a u .B ca ch .—1st, 7s. 1897*
MU. L . 8.A W .—Con.deb.,5s. 19071 105
--....I, N. Y .B .A M .B .—1 stcon. 5s,g. 1935
Kan. City i s
1st, 6s, g ... 1916
Mich. D iv., 1st, 6s............. 1924;
B ro o k T o A M o n ta u k -lst,6 s .l9 1 1 116
Ft. 8. A V . B. Be. —1st, 6s... 1910
Ashland D ivision — 1st, 6s 1925>
1st, 5 s ................................ 1911,
Kansas Midland—1st, 4s, g.1937
107'4!
St. Paul City Ky, con. os, g .. . 1937
! 88 | S o. Shore Br.— 1st con.5s,g. 19321 . _
Ch. R. I. A P - D.M. A F . D. 1st 4s. 1905
1st, 2**s............................. i 905
Gold 5s, gu ar..................... 1937
Lo01s.Evans.A8t. L .—C o n .5 s.1 9 3 9 ;-......., 40
Extension, 4 » ....................19051
St. Paul A Duluth—1st,5s... 1931
Louis. A Nash.—Cecil. Br. 7 a ..1907 104
IV l "
2d mortgage 5s................... 1917
K eoku k A Des M .— 1st,5*..1923
E. 11, A Nash.— le t 6», g..,.1 9U <
1154i
St. Paul Minn A M.—1st, 7s..1909
Chic.Bt. P. A Minn,—1 st,6 s ...1918: 127% ! 121*4
Pensacoia D ivision. 6s........ 1920; i o e *
2dmort.,6s..........................1909
» t P a a i A 8 . a — 1st, 6s.......191»
JL2aV 8t. L ou isD ivision , 1st, 6s. ..1921
Mlnneap. Union—1st 6s___ 1922
a lie A W. In d.— 1st, s. L , 6s. 1919
2d. 3s.................................. 1980
1 Mont. Con.—1st, guar., 6s..1937
General m ortgage, 6 s..........1932 114*4
N asbv, A Decatur— 1st, 7s. .1900 107
1st guar. g. 5s.................. 1937
Chic. A W ert, M ich.—5#........ 1821
8 . 1.8s.—6. A X. A la .............1910
East. Minn., 1st div. 1st 58.1908
Gain. A D. —Con. s. t . , 7«. 1905 l i t )
50 yea r 5s, g ......................... 1937
W "u srAfiiouxF.—1st, g,5a.l93s
Id , gold, * 4 i ....................... 1937 105*9 1064
P e n a . A A t . - 1st, 6», g o ld ... 1921
TOO
San Fran. A N. P.—1st, g., 5s.1919
l t 9 ; CoUat. trust, 5s, g ............... 1931
cm . D. A Ir ’ n —1st, gn. 5s. g. 1911!
a e v . Ak. A C o L - E q . A 2d 6».1930
Sav.Fl.AWest. -1st, con.g.6s.l934
a I-A .v a M .A .M.— l -t,g.,4**sl945
,Boutuern—Ala. Cent., le t 68.1918
1 85
.N a a h .F lo r .A 8 .- ls t , gu., 5 s .1937
75 I
Cairo division, 4s............... 19391 ....... i
K entu cky Central— Is, g .. . 1987
84 *s; 85 1 At). A Char.—1st, pref., 7s..1897
Income, 6s.......................1900
« . Lou. Div.—l»tooLt*'t4*.g. 19901 •924; 9 2 V_ Lou.AJefl. Bdge Co.—Gu.g,4s. 1945
Spring. ACoLDIv.—ltt,g.4s.
Colum. A Green.—1st, 5-6s.1916
lst,g .4 s. 1940 ____ ____
LQU-N.Alb.ACh-—G en.m .g.5s.l940
7*6*'
E. Tena. V. A Ga.—Divls.5s 1930
ahltew . V&i.Dlv.—lst,g, 4s. 1940
Mem phis A Chari.—6s, g o ld .. 1924

j Ricn.A Dan.—E<j. s. f. g. os.1909
Cm.Wab.AM.Dtv.—lst,g.4«. 1991 T*90* *94*4
Deben. 58, stam ped........1927
In. 1.8t.Iw A C .—Ist,g.,4s.l936
1st, cons. Income 3s, g....... 1939
93
1 Vir'a Mid.—Serial ser.A, 68.1906
on to! , 6 s.............
Cl,*. Id tA
..1920; ...... ..... IMex. International—1st, 4s,g.1942
Series B, 6s.......................1911
cin.8aa.ACL—Oon.lst,g.5s, 19281 * 105 , ...... Mexican National—1st, g.,6s.l927
Series C, 6s.......................1916
Indiana B. A W.—1st. pf.7s.l9O0 105 i.......
2 d,Income, 6s, " A ” ............ 1917
*r
Senes D, 4-5s.................. 1921
Ohio tnd-AW .— ls t p r e f.5 s .1 9 3 8
....... . . . . . .
2d, incom e, 6s, B " ...........191
C. Col Cm. A Ind.—1st, rs,s,f.l899: 108
Series F, Ss...................... 1931
Michigan Central—6 a .......... 1909 118 I....!
0
mso
sink, fond,
um
so . sin*,
tuna, 7s
vs......... .1914
1914 ...... ......... coupon,
Ooupon, 5s..........................
5a....... ..................1931
1931 ....... . ...... 11 Wash.O.AW.—1st our.gu.4s.1924
Ter. As’ n of St. L.—1st, 4*48.1939
Cin.Afepr,—ULC.C.C.AL7S. 19011 .................
M ortgago4a....................... 1940 ....... 105
.................
1st. con. c. 5s.............1894-1944
Cteve. Lorain A « h . —le t, 5s.1933 -106 >107*4 Bat.C.AStrgis.—Ist,3s,g.gn.l989
........
8t.L.Mer.Br.Term.,g.5s,gu..l93o
Cleve A Mah. V.—Gold. 5s ..1938; 117
___ —
— L.—ls
•
• t.g . -7a........1927
----- 140
Minn.A■ 8t.
.
___
DeL Lack. A W .•-'■
Texas A N ew Orleans—
Iowa Extension, 1st,7s...... 19091-........ 1129
lst,7s.................................. 1905
Mort. 7a........... . ..............1907| ........ !......
Southwest Ext.—1st, 7s......1910 ........ 1 ....
Saoine Division, 1st, 6s...... 1912
9vr». Bing. A N .Y .—1st, 7».1906l ...............
Paemc Ext.—1st, 6s ...........1921! 110 *4 121
Consol. 5s, g ............. ......... 1943
Morns A Essex—1st, 7s
191* ....... n o
Mo.K. A Tex.—1st, ext., 5s, g. 1944 ........! ___
Bonds, 7s
..................1900 ......... 112
Tex. A Pao., E. D.—1st, g. 6S.1905
Mo.K. AT.of Tex. 1st,gu.5s.g. 19421*....... 77
Th ird A ven u e (N .Y ).—1st 5s, 1937
IS o l 1971....................... 1901 ____1
Kansas City A P.,lst,4s,g:.1990! -dgis 71
1st, con., guar..
guar., 78...........1915;
7s...........1915; 139
140 > DaL A Waco— l8 t,5 s,g u ....l9 4 0 *77*3 79 IT.AO.C.—K a n .A M ., M ort. 4S.1990
W arren-2d, 7 s ..................1990| .................. Missouri Pacific—Trust 5 s ...1917! ....... 80 IT o L P .A W .—1st 4s,ino.f’ d.oou.July
U lster A D el.—le t , oon.,6.,5 s .1928
D. s ll.ta n .—Pa.Div.,coup.7s.l917 .................
1st coll., 5s, g.....................1920! ........ 65
, Union P acific—1st, 6s....... ...1 896
Albany A 8usq—1st, gu.,7s 1906 ....... ;........
3t E A I. M .-A rk.B r..lsL78.18951 100 I ..
_____ _____________
1st, 6s................................... 1897
ut,eons., gnar.,6* ...... 1906 *117
___ Mobile A Ohio—1st ext.,, 6s...1927
- ....... 116
1st, 6 s . . . . . ...........................1899
Reus. A Sar. 1st, coup., 79.1921;
Bl. L . A C airo—4s, guar.......19 3 i ....................

D s a v .T r a in w a y —Cons. 6s,g.lH10| . . . . . . ........ M organ’s La. A T . —1st, 6 s ....1920 -126‘4 .......; C ollateral Trust, 6s............... 1908
C ollateral Trast, 5s............. 1907
Metropoi. By,—lst,gtl. g.6s.l911 ...... .......
1st, 7s.......... . ....................1918 ’ 1 2 5*4........
1113
Kansas Pacilio— 1st 6s, g . . . 1895
Den v A It. y . —Imp., g.. 5§...1928
Nash. Chat. A St. L .—2d, 6 s ..1901
86
1st, 6s, g .............................1896
D *t. M . A M . —i . g. 3*ss,ser.A .1911
N
.
O.
A.
No.
E.
P
r
.
L
,
g.,
6
a
..l9
1
5
>
T
1
0
17*4
F.
1895
C. Br. U V
~ c .,7
- s .......... -----D e c A Mack.—1 s tlie n . 4a,g_.1995 *92
N . Y . C entral.—Del), g. 4s---- 1905 101
Atch. Col. A Pac.—le t , 6s...1905
4a, g o l d . . . . ....................... ...1 9 9 5 -60
N. J. June—Guar. 1st, 4a. ..198b
A teh. J. Co. A W.—1st, 6s. ..1905
D tiutu A Iron Range— 1st 5*. 1937 ’100 >103*4
Beech Creek—1st,gold, 4s. .1936 ’ 10*7*
................ , U .P . Lin. A Col.—ls t.g .,5 s . 1918
E rie — 1st. e x t e n d e d , 7 a . . ........ 1897 104 1103
Oaw. A Rom e—2d, 5a, g .,g u .l9 l5
) Utah A North .— 1st, 7s........ 1908
2d, extended, 5a.................... 1919 114
U tica A Bl. K iv.—4s,
gu,1922 102
G old, 5 s .............................. 1926
3 d , e x te n d e d , 4 ** *.,.
N
.
YA
P
u
t
.
ls
t
,
g..
4«.
gu.
1993
*106
...... 1923 'lO S ’ g 108*4
Utah Southern—G en .,7e ..1909
4th, extended, 5 a ......___ . . . 1 9 2 0 : 114
N. Y . N. H. A H.—le t, rev. 4 s .1903 104 105*4
Extern, 1st, 7s.................. 1909
3:h, extended, 4 » . . . . . . ...,,1 9 2 8 100
N . Y . A N orthern— 1st, g. 5 s ..1927 115
V a lley R ’ y Co. o f O.—Con. 6s.1921
1st, oon,, g,, r d , 7 s . . . . . ...1 9 2 0
N. Y. Susq A W e s t—2d, 4*43.1937
S. S. Y. A"E.— 1st, 7a..........1916 132* *.”
68*Vi; Wabash—Debenture, Ser. A..1939
Gen. m ort., 5s. * ................ . 1040! **eT
Debenture, Scries B ..........1 9 3 9
d id . A S. W. - Mortg 69___ 1908 *s*9*4j...
57%
W ilk .A East.— 1st,gtd., g.5s.1 9 4 2 1 *85
Det. A Chic. E x t. 1st, 5s, g . .1940
jeaersou —1st, gn. g. 5 a ___ 1909 103*s ...
Northern Pao.—
41 D .K .C .A N .-8 t.0 .B d g e6 s.l9 0 8
Coal A R S . —6a..................... 1922 -100
James R iv e r Vai.—1st, 8S...1936! *30
........
W est N.Y'. A P a .,«en .g. 2-3-48.1943
D ock& Im pt.,iet 6a,cur’cy.l913 *105
Spokane A P a !.—le t, 6s.....1 936 ; 8 1 4
Incom e 5s..........- ....... ......1 9 4 3
£ tans. A T e rre H a u te —
St.Patti A N. P.—Gen., 6 a ..1923) 122
——
W est Va. C. A Pitts.—1st, 68.1911
25
1st, eons,, 6« . ........................1921 106*4!....... ii HolenaARedM'n—la tg., 68.1937
W heel.AL.E.—1st. 5s, g o ld ...1926
89
i t ; , g e n e r a l,g ., 5 s ............... .1942 ...................
DuluthAM anitoba— lst,g ,0 sl9 3 6
Extension A Im p, g., 5s...... 1930
M L Vernon 1st 6a
1923 ........ .......
D u l.A M an D ak.D iv.—lstoa.1937! 89
90*4
Wts. Gent, incom e 5 s.............1937
■mi. Co. Br. 1st, g..
...1930 ................. 1 Humr d’ Alene— 1st.6s,gold. 1916

’ No price Fr* * iy;

quo

wok. F-»r Miscellaneous and Cl 11listed

B

91
33
105
*54

65

104

105

104
*89
‘ 84
115 *4
•95

100
’ 91
*91
*112
*100

96
96
103*a

119

112

126

100
106

102
113

110
98
ii*2*
114

112
92

100
70
106*3
108
92
107
75

120
81*s
78
100

1*0334
103%
105
*93
11 1 %
30
35
35
-95
62

2 2 *a
*98 100
105 107
43
14

100
92*4
10

0nds—3ee 3d page preceding

22

THE CHRONICLE.

____________ =

tltv n u i

■ ► • lio n K K F U K T M O F

T H K ^ l T I O 'A L

[V o l . L X Itt

K I N K S .V A D E T O T H E O O M P T I t O l t E H M A V 7, 1 8 9 6 .

Deposits.

Capital.

1B96.

Loans <t dis­ Gold and
counts. ( lncl'u gold 0. H.
overdrafts.) certificates.
Individual. 1 Other■
*
*
«
$
808.664
22.422.384
170,931
14.350,592
296.127
10,713,917
1B2.1I9
8,5'8,«21|
143.210
12.69 l.83o
48.693
7.‘ 2ti.35t
140,388,96: 5.217,275
229.011
101,021.741
91. 65 107,256,391 2,710,991
75.726.301
623,828
94,801
35.155,127
18.039.301
45,007.654 1,834,572
2 il.)9 o
32.w78.8» 3
373 698,270 11,936,687
2 5 9 3 0 2.09*2 U >_ 8.

Surplus.

j 11.121.000

I M ain*......
« N. Hampahlre
S, Vermont....... 1
M Bueton......... i
J Man . other ..
« Ktwde U lio d
^ O ou foU ru t.. |
1 Tout! DIt .No. 1

.'.(130.000

O P S ',000

i t0.760.000
ti.tto 7 .a to

19.537,050
22.391,070
lSI.3el.B30l

Leg. tend* rs
(£ U 8 efts.
deposits.

8ilver.

212,526 145,372
90,536 10:',67n
59.902
79,769
275.301 1,750.239
591,326 749,092
1*28,793 20 >,313
220.578 47 4.077
1,4-9,8 9 3,46»,6'>q | 2,211,704

10.449,32 i 551,365 6, HO.Lne 64,3'1,658
307.95 8.7- 3l 10,410,764
48,847, 492,278 1,467,057
145,000,
15.684.912
209,460
28.809
^7,70'»
369 707
284,300l
7.773.009!
586.212 519.408 2.987,140
565,820
f 0,893.951
303,152 878,359 2.250,410
28
L430
02,532,* Oil
570,167 4,7 2,817 7,0J2,841
2 2.290
9I,092,151|
424.7-71 768,<»66 2,-05,205
399,930
35.582.0:31
506.2 0 1,081.359 1,499,7'9 4,118,074
113.022.164
12,069,00375 Kg.v 17 58,16 .69 « 12,835,290 3,594.7 L6i lftQ.i*.>35 85,272.042
1 Total DIt .No.2 -2 L511!l"5.63A930 109.37*.B05, 714,161,047
6ft, r. 14 1(0,781
lft.ouO,
4,373,488
50,000
I Delaware.... 1 16
1.8,827 1.7-0.696
362,3 Lu!
24,233,213
226,166
* Baltimore . .
22 i
88,720 199,362
2
0
,3
0
'
9,211,604
50,000
2 Mar) land, oth
V
36,521 817.989
655,7109,540.544
81,738
J Washington .
12
58,636
9,056
52,000
8 b 8,H9|
...........
2 Dtet. Ool., oth.
131,601. 207,122
i
2 >,430
13.117.553
584.'31
80.0S
g Virginia.........
63,819
ss^o;
7,143.311
95.904
33!
j Weat Virginia
I2.346.s-8l
“
68.508.11
2
1,01-1,3411
79.5l8.169
3,400.671
1.167.570
529,"-»H;3,244.6
5 4,206 '86
l T o U l Dtv No.3 lt.9
I0 7,1 5i
84,5.1
240,192
620
334,7 21
6,796.artu
164,Oeft
5,096.697!
74*».711
1 North Carolina
27
141,2641
42,327
217,261
1,960
110.689
5,t99,77o
150.182
3.802,8 4
772,610
l South Carolina
15
L6.095
84,*04
70,000
1.5U0
1,319,829
79,141
599,301
225.000
2
• Batrannnh......
163,659, 152,717
421,373
” 4,150
259,344
6.942,1*5
38,445
5,768.3*
0
Dftspou
Oeorgla.oth...
27j
11',022
26,657
3*6,099
99,
L
*9
4,031.095
r. 6,479
4,618.066
459,050
17
J Florida.........
159,750
85,948
281,404
63,3 0*6
4S3.326
6,63i,034
94,475
6,307,460
5:16,4 58
a Alabam a--27
63 230,
17,70
136,886
10,500
77.719
2,352 243'
2,452,239
391,525
£ Mlaaiaalmii....
lu
113,7821 982.1*3 1,89 ,430
118,000
366,709
13,074,3
8'
14,294,353
2,489,
n0'»
4 New Orleans..
9
106,913
8
,491
76,317
420
76,117
2.512.183
2.057,9081
331.000
2 fri>uUlaiia, oth.
12
56,012, 79.331
446,558
129,670
120,908
2 506,537
50,000
2.240,9301
534,800
8 HouMon.......
ft
723,455
355,766
1,826,198
1,843.4
0
74,690
42, L75.470
29.694,340
307,299
4,507.735
% Texoe, otlu*r.. 2C6
52,7o7
58,016
119,429
3,030
97,909
2,546,566
291,004
2 .3 2 2 ,0 ^
9,
i Arkan.-iif .. a .
...........
460,698
55.630
5,000
681,376
8,491.127
4,814,5277
726,400
Louisville .. ..
12*2,433
77,90
J
507.511
23,300
5*4,890
19,572,258
2,605,962
ll.17o.890
Kentucky, oth.
260,212 263 467 1,149,127
122,950
18.943,615 __ 996,390
15,590,563
1,874,413
Tenn< ■ ■ ■ ■
557.59J 2,259,36 ■2,392.00 » 9,174.463
6l,354tt.26 1«,579,858 110,820,773| 2,376,055 143,594,7 £3| 6 ,109 3
. Total Dlv.No.4
97,394= 4L4.6.2 *2,689,2^0
286.070
23,- 69, lo7
8,000,0001 2,7 80,000
Cincinnati. .. .
125,620 142,9*0 1 083,900
243,500
27,127,627
9.550,000: 2,054.000
Cleveland.. ..
613,613
313,359 3,189,545
127,790
70,528,578
8,116,569
28,* 03,060
2 Ohio, o th e r...
383,505 32 3,651 1.637,205
179,110
35, 43,06 •
4,699,541
14.282.0t0
g Indiana.........
467,373
2,535.4/i
12,271.798
2,503,250
93,161,5
25
1
9,522,200
21,400,000
- O U a n .........
410.321 327,426 1,671.707
310.480
48,862.125
6,563.478
17,746.600
6 Illinois, other.
131,8
lO
■ 519.793
---------116,902
30,040
14,759.033
618,000
3.600.000
# Detroit..........
699,854
225.526 136,4*7
61,580
30,065,203
2,9*4,5 j 5
9.559.000
£ MlchliPn.other
86.4
LI
t-4,159
746,608
16,026,184
436,000
3.250.000
• Milwaukee__
529,173
38,i*0*6| 173,2 37 10 ,454
2l.701.O72
1,659,409
7.220.000
£ Wisconsin,oth
38 i . l 45,5 1 3 2 . 8 8
3,'i81,^20| 2,712, 50 4,520,6 i |25,240.803
C Total Div.No.ft 756 122,610,060! 39,593,73. 3 ■8,049,3oQ "
/ New York Cll)
1 Brooklyn.......
£ Alban? . . . . . .
J K York, other
2 New JereeT..
B Philadelphia.
j P ltu lm r * ......I

i

236,000
800,0001
2,87 2,651
12.695,000
1,482,500
9.000.000
773,690
5.850.000
1 , 886.000
9.400.000
724,500
4.650.0001
704,017
3.645,000!
1,338,509
9,650,10*'
456.5U0
4.600.000
1.218.6C8
6.475.000
374,283
1,885.000!
365,0*7
1,935,000;
7o,5»5,lOO 12,432,60..

/ Dee Moinee..
I Iowa, other..
8t. Pa uidc viiun
Mlnneeora,oth
• 8t, Loula
t 8t Jo. A Kan.C.
J Mlaeourl. oth’r
• Kannaa.........
• Omah i«k Line.
. Nebraska, oth.
| North Dakota. |
I South Dakota ,
1 Total Div.No.6'"
f N evada.........P
• Ban Francleeo.)
3 Call forma,oth.
• Oregon..........
f Washington...;
7 Total Dlv.No.7P
f A ru on a...
• Colorado.. . . I
| Idaho............
• M ontana.......
3 New Mexico ..
• Oklah’u A l.T .
3 U tah.............
3 Wyoming......j
[ Total Dlv.No.8 1251

K?4r
1,445,674
24,719,3 4
131,266
17,0i 1,9^4
501,988
15,272,639
50,u00
17,148,791
512,500
1^,636,845
136,429
6,612,1*21
15,794,737
346,70
8,829.699
39o,982
8,776,209
4,513,336
3,786,053
152,831
131.631.a44 2,229.705

28,000
82,000
2,500,0001 1,425,000
5,025,000: 1,076,l 5u
565,004
3.270.000
953,057
4.770.000
15,647,000!" _4,047,171

156,992
4,573,196
11,747,7691
7,386,4131
6,961,115'
3c,827,4^5

46,3oO
400.U00 ~
1,462,850
5.487.000
274,775
675.000 i
697,820
4.155.000
600.0001
140.600
060,000
148.600
1.900.000
084,418
860.000,
115,100
4,737 OOP 3,570,713

940,981
25,265,859
1,816,637
14,240.665
1,800,^86
1,052,447
2,693,119
1.918.698
49,729,092

101,692
145,716
399,529
55,603
7o2^3o
4.518
4f 6,532
52,798
64,993
179,041
122,690
900,572

2,694,t0 j
31,999,054
22,051,613
16,270,376
27,663.8818,478.443
7,752,8 11
18,908,312
10,51 >.6611,995,93c
5,181,935
3.33 7,3 32
170,9/8,171

1 io,592

1,564,636
3,162,23 i
938.993
1,551,578
1,237,292
314.310
1.016,001
1,5 (2,895
572,980
249.697
2-0,935
12,597,163

7,45r
227,680
7,213,*»e5 1,175.450
11,073.933 1,806,301
6,870,5: 3 1,265,230
7,915,321
942,664
33,301,192 5,197,150
162,260
681,(86
19,373,307 3,9-2,417
206,367
1,395,371
999.657
13,663,817
88,095
1,607,692
49,310
1,14S,484
542,137
3,094,547
164,712
1,949,122
4*2,9'2.028 6,124.9 >5

7oO|
129,6501
35,700!
12,0901
269,770
46,240
15,190
29,820

37,4431
320,6671
149,067
122,2 2 2 !

55,284 l,374,i37,
149.240 335,1 2
46, *>36
96,349
204,999 107,0 LO
169,569 114,8 >5
36,012
102,480
” 8,920
8,2.36
43,756
7,360
13,9<lft
4ft,927
1.000
556,t 00 1,465,62 2 2,455,’ >47
________r
2,600l
10,624
45,552
52.700
186,328
17,750
27,544
145,205
12,000
51,197
104,071
35,150
483,756 142,065
61,900
94,770
1,440
1,000

5,670
500
4,940
150
108,470

16,t69
234,265
20p09
142,557
30,780
35,591
24,131
22,444
525.976

3 L9,t-90
9 71,202
903,198
329,483
3,579,182
948.918
305,5, l
53 7,063
466,294
260,761
126.211
160,840
8,9 8.413

329,947

lO ,U 4 l
3,500
168,13i 1,731,553
49,242
13,69“
642,760
12,277
63,132
2,000
70,619
17,629
46,217
16,40
29,455
3,345
237,176 2,613,019

T o r A la ron
k v iiiv i
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1

2

3

1

1

R i»>u r(«. M u ' i MU’* M U 't M U't M U l't. M U 't M U 't M U 't M i M U 't Ml' M U 't
LfOans ...... n o 331 l Of. 7 7 88*1 H I 3 1 9 7 0 1*8 13*1 4*5 S*6
*4
li
Bd4 for dre
*e
7'U 4*2 4*9
ir
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Real n u t .
3
13
3*1 3 ; 2*2 1 1 *1
•8 *2
•3
*2
*6
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7*4 3'3 4*0 1*0
Q. ooln Actfr
1
47
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i
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3
2
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1*9
1*2
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1*1 •1
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43
it
3*2 4 0
8
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10
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1
1*0
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1
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0 __ ^ ___ 71
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Totals. .... 2*20 02 0 40 U 13 3 10 15 70 6 3 4 0 13 0
4 4*3 4'5 14*3

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3
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5

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« 2

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Omaha tic
L in c o ln .

ToU l for U. 8. . 8T69il652t08U.781l247.546.Q67ir.687.629.825 24.431,447 Id 82.666.364 139378780 21,383,". 6 13.099,659 31512*67 14700»r>52
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MU's M U l't.\M U 's M U 't M i. M U 't MU's MU's M il's MU's M d ’ns. M il'n s . MW ns.
33-8 47*1 93*4 U 8 100 4*7 44*1 27*8 18*6 10*5 7 2
9 3 3 1,0 10 1,983

5*1
1*8
4*5
51
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1*2
•5
4*3
*4
•2
•s
111

1*4
1
*7
4*8
*7
1*6
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1*1
*1
•a
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1*6
*8'
3-0
17*1
1*8
ie - 7
3-0!
11*1
1*2
1*6
3*0|
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1*3
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....
*5
2*0 4 0
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1-1 4*1
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....
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T
1*4
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1*3 VO
3-5 4*5 4*5
0 1*4
1*1
1*8 1*3 1*5
*2 1*4
*3
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*5
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1*3
•1
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*2
•1
1*0 1*3
*5
*5
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*3

*7
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11
4*7
1*4

•1
*2
*1
*9
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VI
•1

2

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42
7S

164
40
101
27
fH

49
7
S 'i
17

103
10
11 3
171
05
57
IS
33
....
14
3
40

•115
3S
191
33S
10 5
13S
45
119
49
IS'
S3
43

• 5 0 3S'4 1 3 V5 21 « 45*4 4 8 30*0 44 4 29*0 19 8 L0’3 1,006 1,711 3,3 7 8

lA a b iH tin .

^aB»Lal..---- 31
31
1*4
lArvios food 13
13 2 2
Undi. pn»Bt»
IN '
*»
4
C lm m ton .
U
10
13
Dae to l«p r* 102 111 13 8
D a «to o «o i>
i
12 ISO
Othar Bb a
2*
1
Total*
2 2 0 0*26 20-b ’

le
14
2
3
7*6
10

2*2*> 141 13*2 4*0
14*o 9 l 4*7 1*4
•2* 1*3 13
•a
7*0 3*8 2 0
‘7
9 1 M 33t> 24 4 9 0
44*3 7*4 3 1
4
1*6 I T
*4

•7 4-v 12
*2 4*5 •ft
*5 *1
*8 •I
>
14*3 4 a
4*6
•7

3*6 SO 9*5 4 1 *4 3*> 3*8 8 9 0 94 4*7 4*6 4*5
4 2 15 i 9
9*5
*6
•ft 1*4
*7 4*8 4*1
4*31
*5
*e
3 •1 14
7
•1
•2
•8
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*2
*7 *3
•5 1 2
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l*J
1*2
4*4 1*2
*8
i t
17*5
3-3 19*0 17 7 7 l » 9*8 I S 1 1*4
17*6 I T S 9*2 4*7
3 -a .V5 4*o 34*3 5*i 4*6 4 0 5*9 13*5 9 3 4*4 1*5
*2
*1
*“
*2
•l 1*5 3*3
....
-3
« 101*6 7 0 6 3 4 0 150 2*1 •43 1-5 14*3 45*0 R s *4 5S-.il *1 -rt •1.4*4 1
n *4*4 •>U*n 1 «»*n 1o
*

__ —

032
440
414
it s
130
2 IS
30
89
53
19S
31
144
S S I 1,712
s ir
113
37 S
03
13
30
13
««t«i 1 t
•It

Ju

ly

THE CHRONICLE.

4, 18 96 .]

Investment
gUilroad Intelligence.
▲FD

R oad s .

23
Latest Gross E a rn in g s.

Weekor Mo\

1896.

1895.

J a n .X io Latest Date.
1896.

1895.

Gulf A Chi Cairo. 1M ay........
3,025
16,386
17,252
doos.Tun.(ScWu. May........ .
5.204
18.912
16,875
rious.ATex.Cen. M arch..” *. 239,503, 287,160,
721.778
874,506
Humest’nASlien May.......”
8,800
6,603!
51,-00
39,018
Illinois Central. M ay......... 1,587,126 1,651,832 8,194.43- 7,720,000
lnd. Deo.AWest 2d wkJune
7,903
6,693!
203,216
198,632
The following table shows the gross earnings of United lnd. 111. A Iowa Anrll
65,066
65,071
--------283,199
273,166
In.A
Gt.Norih’
n
3d
wkJune
------49,312
50.0851 1,349,557 1,463,398
States railroads (and also a few Mexican and Canadian roads) : Interoo. (Mex.) \VkJunel3
39.700
40.3o0| 1,026!416 1,092,912
for the latest period reported. The statement includes every Iowa Central----tt h w k j’ne
45,770
34,287
909,963
732,499
BTKAif road from which regular weekly or monthly returns Iron R a ilw a y ...May.
3,769,
4.458
20,503
21,530
27,034
26,584
146,516
can be obtained. The first two columns of figures* give the Jack. T. A K. W. May.
219,466
KanawhaAMiot 3d wkJune!
8.617
8,327
217,711
201,748
gross earnings for the latest week or month, and the last two K.O.F.8oott A M . 3d wkJune
65,725
62,947; 1,994.464 1,989,432
columns the earnings for the calendar year from January l to K .C . M em . ABlx. 3d wkJune
17.071
16,930!
512.455
454,609
Kan.C.
N
.
W
.
.
.
Jlay.........
20,384*
and ncluding such latest week or month.
19,332
105,415*
93,342
Kan.C.ABeat Jlay.........
316
406*
1,645
2,161
T h e r e t u r n s o f th e s tr e e t r a ih c a y s a r e n o t i n c l u d e d i n th ie
K.
C.Pitta. A G .. 4th w k22.471
j’ne
9,929;
308.175
245,976
Kan.C.Sub. Bell itb w k j’ne
11.001
ta b le . b u t a r e b r o u g h t t o g e t h e r s e p a r a t e l y o n a s u b s e q u e n t p a g e .
11,138
153,241;
115,051
Keokuk A West 3d wkJune
7.408
0.125
189.349!
148,668
L. Erie A ll.A 80. May.........
3.106
Latest Gross Earnings
6.361*
26,770i
I Jan. 1 to Latest Date.
32,902
L.
Erie
A
West..
3d
wkJune
62.814
Roads .
59,638 1,607.923* 1,596,789
Lehieh A Hud.. May.........
Week or Mo 1896.
36.694
lS9'>.
1696.
1895.
41,290
164.272
183,625
Lex’ jrton AKan. A p ril!!” !!
19.381
17.5b7!
69.070*
59,719
Lonir Island......May..........!, 851.541 361.875 1,277,063* 1,309,401
t
*
»
$
Los.
Any:.
Term
May..........
A d iron d ack ...... A p r il..
14,738
6.252i
11,181!
11.562
37.521
61.198
67,500
74,346
A i * . U L 8o u tn .. 3a wkJune
•28,841
20.850
637.071
28,220
23.956
680,817
657.385 Louis.Ev ASt.L. 3 1 WkJune
627,192
41a. M id lan d.. A p r il........
42,751
33,032
*208,795
155,65*2 Lonlav.AJmanv. 3d wkJune 380.315 344.760 9.160,367, 8,585,149
Louis. N.A.AOh. 3d wkJune
A la. N. O. T e x 4 Fac. June.
58,130
57,015 1,421,663' 1,360,821
1 3S.264*
S . Orl. A N. L .| U t w kJ’ ue
21,000
ls .o r o
551,268
32,833
181.6S5
539,322 Lon .S LL.ATex. May.
157,537
41a. A Vlekso 1st wkJ’ ne
6.000
3.996
6,000
2*20,074
5.638!
24,29l|
2 6,118 Macon A Btrui.. Jlay....... 1
30,276
. .
V lo k t.8h . A P 11st w k j'u e '
6, 000 .
10.515*
6 .0 0 0 ,
15.570
52,937
‘2*20.615
V13.193 Manlstlque....... May.
55,150
A lleg h en y V ai. M a y ..........
16,118
198,718' 216.601!
13,757,
953.702
...........I
...........
96*2.5*24 MemphlsACbas 3d wkJune
A n n A r b o r ........ *31 wkJune
21.476
25.286
526,589
48 4,28*2 tMexioauCent.. 3d wkJune 163.241 178,038, 4,606,91 6 4,393,510
A rc . M idland . A p r il........j
6.0701
204.982 225.483' 1,-46,847 1,079,589
29.60*2
6,5771
3*M 40 Mexican InterT. Jlay.
Aten. T . A 8. F© M a y .......... *269.9lO j2,101.0 0 11,441,459 11,864.063 I Mex. National 3d wkJune
85,789,
80,080; 2,235,686 2,042,558
A tla n ta A Char. A p r il........
101.16*2
59.061
118,267
58.948*
489,488
286,730
207,126
492,786 Mex.Nortnern.. A p ril....... j
A U anta A W. t A p r il........
33,186!
52.731
172,614
3*2.811
59.388 1,417,665* 1,599,103
150,578 ! MexicanK'way WkJuuelS
A lla n . A D a ov 3-u ltJun*10.485
7,538
11.920
256,030
8.032
233.183
221,709
262,267 Mexican So. .. ” d wkJune
Minneap-AStri. 31 wkJune
A tla n tic A Pac :idwkJun<*
71,554
37.07 5
75,597
36,011
850,233
791,181
A u g u s ta 8out*n. February. |
8,11*7
72,439
47,190 1.553,443 1,048,883
3,33*
6,873 J!.SLP.dS.St.M. 3d wk-lune
Austin A .V w w i M a rch ____
19.614
48,M6i» Mo. Kan. A Tex 3d wkJune 180,629 200,098 4,962,554! 4,941,588
19,27
58,031
B alt.C heA .A A ti. M ay..........
43,300
150,109
151,579 Mo.Pac.Alron J! 3d wkJune 362.000 350,000; 9,681,000! 9,19 ’ ,688
Ceutral Br’oh. 3,1 wkJune
B .A O .Ernst 12n«y January.
1,385,877 1
ll.OOol
10,000
1.3S5.S7T 1*229,219
318.000*
252,583
Total......... 3d wkJune 373.000 360,001)! 9,999,000 10,045,271
W estern U n e - J a n u a ry...
443.068'
____
443,068
469,216
Mobile A Blriu. 2d wkJune
4,246;
T o ta l............M a y............1,9**3.04011.899,764
4/61,
120,793;
120,765
B a l.A O .8ou w
3d wkJun*
121.067
114.5*27 2,8 .*7,360 2,815,873 Mobile A O hio.. j une . .. .. .
263,529, 255.050 1,730,149 1.598,488
B an gorAArouat. A p r il........
68,240
68,682! 101,740
70*909
474,749
23',512
532,530
244,357 MonLAMex.GU. JIav.
392359
N
ash.Ch.A8LL
JlaV.........
Bath A H am ’ n<L- A p r il........
1,848
1.932
7,384
388,066 2,053,768, 1,893,563
7.072
B ir. A A tla n tic. M a y..........
1.679
2,059
1213*2
8,888
1,969|
5,697
6.654 N evada Central March......
5,408
B rooklyn K ie v.. '8 ke Sm ith r K v il.w A Y LIST.
Nev.CrrNar.GKe A p ril.......
7,985
29,306
8,075
27,910
...........
Bnanaw’ kAWscr A p r i l . ......
« 1,685
44,897
73.497
71,303
187,027
163 597 N. Jersey A N .Y March......
B n fl.R o e o .A P iu 3d wkJun*’
71,256
61,117 1.47*2,493 1,337,534 N. Y .C .A H . K May......... 3,701.080 3,OOS.OOO 17,4dM 39 10,H9l!u3
N. Y.O n L A W 3d wkJune
Buffalo A 8 naq M a y..........
4 4.35*2
81,627|
69,503 1,009,000 1,5-0,402
3*2.973
B o r .C .R a p .A > 3d wkJun**
8*2.123
70,176 2,001*8 4 1,650,944 N. Y.Suau.A W. May..........| 190,9931 171,128
----------------849,936
>95;285
Camden A A u . A p r il........
7*2,118
3d wkJune 204,903 138.254 5,314,032 4,170,639
204,855
194.089 Norfolk A W est®’
66,5*26
CanadlanPaoin. j,J wkJun.
376,00*1 351.000 8,036.431 7,084.371 Nortlie’rn (Ga.i. Ap ril___ IP
3. -1471
3,980;
21,870,
18,391
Oar.M idlan d— [M ay..........
2,600
B
UH
198,3031 514.311 2,461,066 2.512,468
2,011
19, 18
13,809 N orth 'n Central May. . .
O an t.of Gsorcirt M ay..........
316,637
342.6l8i 2,005.228 1.837,203 N ortb ’ n Paolnc 3,1 wkJune 318,420 300,044 7,258,272* 6,742,001
Oantral o f S .J . M a y..........
988.383 1*083.965! 4*701,356 4,789.382 Ooonee A Weal Jlay.
2.871
1,737
'14,162!
' ' “
9,096
Oantral Pacific. A p r il...
------ —
-----23,123
20,611 449,915!
331,724
3,640,052 3*700,910 Ohio R iv e r ........3d wkJune
w — . V.. »
|
a.'
11.899;
15,120
60,977;
59,527
15,683 Ohio Riv.A Cuw A n iil.. ..
33*863
O t K l M l 'n i r t . ! A n r ll........
J5.:
39.99
223.028
323,855
12,063,
12,240 3.1.709
193.253 Ohio Southert. 3d wkJune
Oh*,. * Ohio. . . .' j i i ’ w kJ one 1113.7^1)' lTn.uoe! 4,737,788 4,35 ',063 Oregon Imp. Ou April
281.501;
251,770 1.030,855 1,004,221
C h e n .O .A S o .W . M a y ..........
l7»^ut; Ill 1.595
9I8J447
317,889| 385,381 1,317,217! 1,458,194
_________
•00.084 PacTho M ail... April ...
Chic. H ot a o ri M ay..........
4M.61b J
12,807.6*0 12.172.012 Pennsylvania.^ May......... 5,173.667 5.133 567 25,199,776 24,570.476
Ohle. A t»v 1 1 1 lit, w kj'nc
6«,60<>
14.077
15.449
391,563 413,358
1.075.306 1,736.185 Peerla U eo-A h v 3.1 wkJune
Ctue.GLW wtn :w wkJum85,752
46,907 194,812)
168 270
69.324 2,149,692 1,555,168 Petersbarg....... A p ril....... | 53.373
O h loM lb A aLl-. tt h w k j’ ne
A p ril.......
345.727 313,723 1.157,112 1,094,414
14,614.103 12A40.278 Phila. A Erie
Chlc.Airthw 'n May
12.560.930 10,575.573 Phlla A Head’* Jlay......... 1,587.570 1.729,129 7.812.439; 8 077,841
Chic. A So. P«e. April ......
C oalA Ir.C o... May.......... 1 952.901 1,772.976 8,318.404 8 963,106
63,i»7!
268,228
247,761
62,593
Ohlo.Peo.4HVi. .10 wkJun.10.337j 10.500!
Total both Cos. May......... 3 540,471 3,502.104 16,130.843 17.040 947
441,214
414,102
O h lc .R 'k L A P .. J u n e ....
52.330
55.373
210,635 218,509
l J22O.402 l, 133,321 7.15S.792 0,771,088 Ph. Read,A N. E. A p ril......
Oblo.Bt.P.M.AO May......... I 590,970; --------- 3366*529 2,416,320 Pttta.C.C.A8t.L May......... 1,217,831 1,189,906 6,044,090
------ ------- --5,743,418
Chic. A W. Mich i:td wkJune
3.355
3 278
17.240
10,994
27.776
081,907
737,908 PltU .M ar.ACh Jlay.........
28.959,
Ckn.Ga. A P o rt* M e r ........... i
13,238,
12,513
251,306
5.145,
23,781
288,518,
5,259
24,203 PltLShen.ALE. 3d wkJune
On J «k .*
3d w k j ilfir
700 871
721,612
38.771'
41,767;
14,685
320.568
207,719 Ptttsb. Sl Weat 3d wkJune
11.261!
O ln.N .O « T . P M . j .......... I 263.105* 273.913, 1,349,160 1*363*392
Pitta. Cl. A T 01 3d wk J uue
10.601
19.159
308.801
377.024
Cln. PnrtA. A V . M ay..........
Pitta. Pa. A. t . 3d wkJune
13.896
9,030'
150.029
133.364
22.166
109,570
98,804
21.10.1
O le T .C u .4 c o . 3d wkJune
Tetal ayateui. 3d wkJune
43,99b!
09,268
70.556! 1,294,407 1,248,713
336.474
35.996!
298,899
0 i.C tn .C k .4 8 L I Id wkJune; 2*3.216 287,731 5.874,150 6,214.610 PUL Young, a A. May.........
531,472;
171.880 150.640
510,445
Peo. 4 Baet n M a r..........
110.716* 160.32"
23.400
19,195
123,115
97,408
718,978
740,747 Quincy U.A K.C. May.........
Cl. L o r .4 Wheel 3d wkJune
237,025
221.641
a ic io i
31,14tj
15.329:
59,112
680*680
537,186 Rlob.Fr’ksb.AP. A i ) r i l ......
OoL M id lan d ___M a r............
103.534
166.016
114,480
31.205
28.371
777,980
653,192 Rich. A Peterab. A p ril.......
154.192.
Col. II. V .4 1 'o i M a r..........
170.642
166.512 124.6431 1,023,947
204.8841
9.900
9,250
874.030 KioUr.aoutn’ n 3d wkJune
O o t .H u d 'J 4 U 3d wkJune
976,321
43,800
49.000 1,026.591
345*321
17.676
15.520*
318,670 Rio Ur.Weat'n. 3*1 wkJune
C olas* 4 Lake . M a r ..........
40,025
45,182
4,800
1.300!
8,513
9,316
6,300 8ag.TuaooiaAll May..........
l.HObj
0*7 M e l.............. |M arch.......
19.427
1,145*
8,591
7.103
21.585
3,338
8931
2,280 Bag.Val. A 8L L. March......'
322,991
Oumb'l’ dV a U er A p r il........
34.920
33,050
322,108
04,760
249,649
230,709 8L 1*. A . A T. H. 1th wkMar
O eoT. 4 K lo Or tth w k j’ nc 205,000 167,200, 3.4 49,971 3*202,028 oi.L.Ken’etA6o. Match...... |
13.150;
8,413
4.879
2.479
C e* M. 4 K a n .C 3d wkJune
2,31 L,079
454.342 473,879 2,394,100 _,___
2.0241
51.899
1,443
38.741 SLL.ASan Frau. Mav........
I*c» M. N . 4 W. M _________
ar
08.400
78,-100 2,067,460' 2,205,053
31,165
177,160
122,304 6LL.»<»athw'rn 3d wk J uuo
26,155
D eL L an s'ip fcN n 3d
~ * wkjunul
£0.166
500.400,
-100 208
109.230 117.792
510,481 Ht.PaaiADul’ th M ay.........
483,602
21,426
L>*t. A M u -kina. April.......
44.901*
--------748,226
124,183 678,455
93.304 San AnL <x A .P May.......... 1 127,032
23303
175,942
Dttlainn.8.4At>. 3d wkJune,
282,174
53.240!
08,911
78.395 271,374
943,58
8 46,250 8 Fran.A N.Pac. M av.......... j
40.925
B lfln J o L A E a e i M a r..........
286,002
261,403 1.153,813! 1,115,174
07,039!
457,723 »a ?.F ia -A Weat. A p r il.......
543,795
92.057
136,899
23.335
21,072 108,970;
M a y........ 2,591,690 2,512^225 11,000,556 11,314.035 8ner.Miirev. A 8o May..........
Eureka Sprlnifii A p ril.......
42,730
17,518
48,1931
4.909!
4.947
19,407.
19.355 Sli. Sp^. O. A G March...... * 17,751
E v a n s .* Ind’ p ll. 3d
1,604
6,300
1,004
0,300
132,509
" wkJune
‘ ‘
4.575
4.720
13 ),330 Sllvenon......... January...
E van *. 4 ttloh. 3d w k j une
5,493
1,536
1,414
6,719
2,765
2.126
47,594 So. Haven A Eaat May.......... 1
40,427
• v a n s v . 4 X. H 3d w k j une
16.120
23.05’.
501,906.
466,0 1 So. Pacific Oo.Pitch b ar*......... May.
Gal.Har.AS.A A p ril.......
412.811 379,368 1,666,763! 1,504,163
817.059 601.676 2,893,806 2,760.023
H i n t A P . M a r r , 3d wkJune
LonlR’a Weat. A p ril....... | 67,742
317.971
387.451
88,074
47,614
47,574 1,271.686, 1,154,028
P la X 'eot. A Pen. 3d WkJune
Morgan’al^AT. A p ril.......
315,606 430,250 1,651.863 2,053,514
36,620
37,636 1,044,730
993,550
P L W 'U i4 U cn .C . A p ril.......
S.Y.T. A M ex A p ril.......
64,085
82,583
21,540
27.830
76,913
63.573
345,558
£94,618
P l W. a mo Or M a r..........
443,337!
549,733
Tex. A N . Orl. A p ril.......
107,380 137,408
16.552
26.913
1*9,420
131,818
G ad*. 4 a m . u M
n pj va iai iai
Atlantic ays.b. April.......
904,211 1.089.101 4 193,737! 4,681,684
959
867
3,328
4,374
G eorgia R R . . . . . 3d wkJune
Pacino aysteiii A p ril....... 2,4e7.476 2.534.101 9,838,765! 9.534,346
19.300
16.905
550,288
669.975;
Total or all ? A p ril....... 3,719,574 3.940.852 15,106,92015,452,487
G eo rgia 4 A l a . . 3d wkJune
200,401
20.080
6.490
32 .045
8 a. C ap la 4 N o M a r..........
So. Pac. of CaJ April..
820.258 828,040 3,286,996! 3,113,159
283,172
53.246
30,522
310.1 It:
827,412
790,307
8 * 0 . Bo. 4 P i* . M ay..........
So.Pac.of Ariz A p ril........ I 185,091 172,027
320.615
71.945
67.192
357/18404,927
356337
95,142
8 r. Rap. 4 ln d 3d wkJune
So.Pao.of N.M A p ril........ '
80,848
925,761
915,889
36.419
.39.’ 02
025,554!
557.742
Cln. f t . * P L W J d w k j une
Northern Ky.. A p ril........ ; 101.103 131,379
7.320
9.300
202.273
200.729
Traverse C ity. 3d wkJune
847
942
20,648 Southern R y... 3d wkJune 301,147 310,682 8,314,180; 8,024.259
21,385
146,048!
87,306
22,840
M n a .G .K .4 1 Id WkJune
59,762
2.450
2,169
50,009 Spok. F*UANor. May.......... * 35.081
283.040
281,648
77,111
T o l a ll lin e . 3d wkJune
47,041
51.019 1.197,765 1,204.091 Staten I hL R. T A p ril........ I 79,500
5,089
4,892
1,002
1,619.
Brand T ru n k ... 3d wkJune 353.371 310.130 7.108,979 7,690,903 8tony Cl. ACM t . . A p r il........ !
501,180
79,282 103,55 41 404,-14
Chic, 4 Or. T r :td wkJune
59.745
50,360 1,527,501 1,262,833 Summit Hrauch. May..........
292,447
370 027;
37,040
G et O r.H .A M 3.1 wkJune
Lyk. Val. Coal May.......... I 66 881
426.0J-1
1m,677
19,-62
405.562
775,441
793,027
ro t’l both Co’ft May.......... i 140.103 141,194
Cln.Main* Mae 3d wkJune
2.023
2,851
02,835
60,651
18,202
Texas Central.. March......
19,048
Tot. 8. A Musk. 3d wkJune
1.44m
1,608
88.113
94.595 2,726,522 2.970.941
i 'ojum A Pacific 3d wkJune,
8 rea t N orta ’ n17.508
12,620;
2.504
3.009
BLP. M. 4 M M a r .......... 1,120,4 4A 1,002.004 4,988,00,% 4,139,194 Tsx.B.ValAN w M ay.......... |
758.104
865 074;
52,452
52,5 15
438,000 foLAOhioCent 4th wkJ'ue
E a a to fM ln n .. M ay.......... . 143.902 104..555
009,961
440.105
457,903,
17,362
20,017
603,478 fo L P. A West. 3*1 wkJune,
775.191
H o B t u a C e a L M a y ..........I 166.371 12 4,13 ■<
770.429
018,008
34.300
42 358
T o L system. M ar......... 1,430,678 1,231.301 0.37.*. 157 5.180.078 Tol.St U K . n 3d wk J une

RAILROAD

EARNINGS.

THE CHRONICLE.

24
Latest dross Mornings
ROAbS.

Weekor He

1898.

1895.

Jan. 1 to Latest Date.
1895.

1896.

*
98.860
Outer A D el... . A p r il.......
i; aion Pacino3,923,061 4,069,781
On. P»o. KK-. ’A p ril........ 988.358 1.083,344 1,604,226 1,381.804
444,780 389.64!)
O r.8 X .A U N A p ril.......
186.108
197,327
44,915
53,245
6t.Jo4.AGd.l». A p ril.......
23,213
33,147
5,056
10,98:
KanC-AOui .April......
291,840
288.607
10,000
14.000
Tot. at. J. AO. t 3d wkJuue
232,931
321,338
i
o
.
ooo
11.000
ent.Br....... o 3d wkJ une
39,009
97,027
4ch.Col.AP. l A p r il......I
24,649
21.003
,ch.J.C.A W I
181,846
228,919
45,445
50,981
Ccn iir A I.’d 1. [April....... !
6,411.0)2 6,242,277
Grid total [A p ril....... |1 652,416 1,664,761
879,066
921,453
239,3 >ti 210,258
l Pac.D .A G ... A p ril.......
5,829,841 5,673,011
277,845
297.407
Waba«h .... ... 4tii wkJ'ue
75,595
77,44
13,850
16.302
Waco A Northw A p ril.......
390,5 s i
413.804
Wear Tersay----- ’A p ril........ 124.394 117,167
403,327
472,374
88,658
97,655
W.V.Cen.A Pitt* May.........
74.258
85,156
30,119
29.414
Weet Va-A Pitt* M aieb......
106,425
179,359|
35,810
Western ot Ala.. A p ril....... I 38,389
1,248,453
1.298,187
92,351
98,737
December.
West. Maryland,
67,500 1,276,083[ 1,401,115
59.000
West. N Y . A Pa 3d wkJune
590.470
661,987
38,117
40,943
Wheel. A L, Erir 4th wkJ'ue
95,936 104,305 1,902,112 1,856,167
Wisconsin Cent. 3d wk Jane
33,089
39,721
7,963
5,771
Wrlghtsv.ATen IMay.
----------------------------------------• Figures given do not Include Oregon Ry. A Nay., On. Pao.
ua’ f Denver Leadvllle A Gunnison, Montana Union and Leavenworth
Topeka A Southwestern. ..These figures include results on eased lines.
* Inoiudes earnlnvs from ferries, eto., not given separately. . Mexlcan ourrenov. c Inoiudes only half of lines In whloh Union Paoihc has
*
30.446

8
31.982|

*
103,392

8(Mno 1ude?opwrations of the Ohio. Burlington A X irthern In both
^f^JoVers results for lines directly operated east or Pittsburg,
e Inoiudes results on adulated lines.

Xet Earnings. — *
.----dross E a rn in gs.— ,
1396.
1895.
1896.
1895.
$
$
_____9
*
Roads.
704,679
694,163
Erie
"
..M a v 2.591,690 2,512,225
2,793,542
2,596,881
Jan T ib May 31 ...11,880,556 11,314,933
' T ..! ,r ... .11
1,1 990 9.83 13.518.295 3,399,784 3,098,733
6,067 d ef.1,134
26,584
27.034
JTaok.
Tam. A K. W.. May
,
36,109
13,991
219,466
146,516
Jan. 1 to May 31 —
|
105,350
106.445
352,572
33 3,670
Kan. C. Ft. 8. A M .a.M ay
541,530
541,931
Jan. I to May 3 1 .... 1,801,055 1,795.369
.
July l to May 31 — 4,203,151 4,209,390 1,300,871 1,306,118
J
13,972
85,379
15,943
81,012
[ Kan. C. Mem. A B .a .May
403,134
83,288
<56,926
460,808
Jau. 1 to May 31 —
173,757
960,073
223,
L13
July 1 to Slay 31---- 1,112,162
451,207
466,923
Louisv. A N a s h v .b .M a y 1,602,014 1,533,364
8,022,242 7.541,799 2,522,552 2,46*2.520
6.540,303
6.106,993
18,742.324 :L7.728.677
319,827
3 5 1 ,eio
782.718
795,389
Mexican Central...... Slay
Jan. 1 to May 31 — 4,093,836 3,872,050 1,459.789 1,631.667
94,007
99,295
225,483
Mex. International...May- 264.832
448,450
441,216
Jan. 1 to May 31----. 1,246,847 1,079,589
4,807
9,295
5,065
10.161
Mexican Telephone.. Apr.
16,789
18,024
36,138
39.376
Jan. 1 to Apr. 30 ...
8,190
18,341
10,035
20,570
Mar. 1 to Apr. 30--41,739
62,368
157,728
Minn. A St. Louis___May r 142,970
248,624
262,993
680,046
737,639
Jan. 1 to May 31.
718.194
759,022
July 1 to Slay 31 — . 1,868,711 1,674,093
47,416
99,765
190,937
Minn. St.P.A S.Ste M. May• 280,700
214,785
y
15,902
471,837
.
1,331.490
Jau. 1 to May 31—
77,691
85,070
2S-*,950
r
313,729
It. Y. Out. A West.a. .Slay
306,09*2
321,150
. 1,368.731 1,377,864
941.43S
963,137
. 3,415,958 3,368,021
309,790
144,098
- 1,323,504 1,321,289
Northern Pacific, b.
6,241.501 5,825,004 1,613,606 1,579,624
.13,230,784 16,160,622 7,466,799 5,762,318
Pennsylvania—

Latest Gross Earnings by Weeks.—T h e latest weekly eari ings in the foregoing are separately summed up as follows:
For the third week of June our final statement covers

3d iceek'-of June.

1896.

1895.

Increase.

$
9
5,442,588 5,103,603
11,9.10
10,485
75,597
71,554
70,176
82,123
Bari. Ced. Ran. & North.
16,566
16,337
Chic. Peoria A St, Louis.
28,959
27,778
Ohloago A West Michigan
35,998
43.996
Cleve. Canton A 8outh’n
267,734
243,218
Oiev. Cin. Chic. A St. L..
29,361
31.141
Clev. Lorain A Wheel'll..
2,024
1,443
Dt»a Moines A Kan. City.
21,426
20,168
Detroit Laus’ g A North'n
53.210
40.925
Duluth 80. 8hore A A t l..
2,126
2,765
Evansville A Richinoud..
47,574
47 814
Flint A Pere Marquette.
37,836
36,820
Fla. Cent. A Peninsular..
16,905
19,3b0
Granu Trung of Canada.
50,380
59,745
Chic. A Gr. Trunk.......
18,677
19,882
Det, Gr. Haven A MIL.
2,623
2,581
Cin. Sag. A Mackinac...
1,448
1,668
Tol. 8ag. A Muskegon.
62.947
65,725
Kan. City Ft. S. A Mem.
16,910
17,071
Kan. City Mem. A Birm..
7,403
6,425
18,757
Mcmtmls A Charleston..
18,118
23,323
20,611
9,250
9,900
Rio Grande Southern___
Toledo Peoria A Weat’n..
20.017
17.362
Western N. Y. A Penn...
67,500
59,000

9
435,854

6,102,502

493,015
351,904

Prev’ly reported <53 Pda)
Atlantic & D an ville......

Total ,80 roads)___
Net Increase <5*73 p. o.i.

6,454,406

Decrease.
%
96,869
1,435
4,043

11,947
...........

....

7,998

....

1,780
581

.......

12,315
639
240
“ •2,395
9,365
42
2,778
81
983
"2,712
650
2,655

...

229
1,181
24,516
1,258
....

..

.... ...

1,016
....

--

1.205
220
....

[V ol. LXII1.

...

639

8,500
141,111
...........

Net Earnings Monthly to Latest Dates.—The table follow ­
ing shows the net earnings of S t e a m railroads reported this
week. A full detailed statement, including all roads from
which monthly returns can be obtained is given once a month
in these columns, and the latest statement o f this kind will
be found in the C h r o n i c l e of June 20, 1896. The next will
appear in the issue of July 18, 1896.
Gross Earnings.----. ---- Set Earnings.1896.
1895.
1896.
1895.
Roads.
$
$
$
Alabama Ut.8outb.aMay
110,464
111,214
10,878
17,055
Jan. 1 to May 31___
560,077
582,173
108,532
136,433
July 1 to May 31___ 1,521.667 1.454,281
497,281
472.417
Atehls’nTop AS.Feb May 2,269,910 2,401,080
481,327
398,571
Jan. 1 to May 3 1 .... 11,441,459 11,361,663 2,954,022 2,127,949
July 1 to May 31....26,850,822 26,444,869 6,500,138 6,044.337
Bud. Rooh.A Pitts.b..May
269,140
231,502
91,291
44,096
Jan. 1 to May 31.... 1,256,792 1,154,183
383,238
293,639
July 1 to .May 3 1 .... 2,393,817 2,804,507
882.171
855,947
Oanadlan Pacit!c.a..May 1,724,869 1,441.423
687,490
544,649
Jan. 1 to May 3 1 .... 7,484,431 6,043,371 2,494.933 1,941,923
Gent, of Georgia.n..May
316,637
342,618
10,845
52,915
Jan. 1 to May 3 1 .... 2,065,228 1,837,203
615,738
371,526
July 1 to May 31.... 5,002,563 4,669,811 1,741,725 1,515,370
Ches. A Ohio.a........ May
837,975
833,811
271,947
269,121
Jan. 1 to May 31.... 4.196,517 3,815,345 1,260,698 1,155,369
July 1 to May 31___ 9,400,984 8,817,519 2,986,708 2,856.343
Ohio. BurL AQuln.bXMay 2,451,619 2,611,858
029,154
857,703
Jan. 1 to May 31....12,867,540 12,172,042 4,189,859 3,917,813
Ohio. M. A 8t. P a . .May 2,257,920 2,141,093
671,131
832,789
Jan. 1 to May 31 ...12,009.106 10,270,113 4,089,540 3,839,166
July 1 to May 31 ...30,076,889 25,071,504 11,992,135 9.173.229
Clevc. Canton A So..May
63,506
43,580
15,917
2,482
Jan. 1 to May 31.. .
262,954
241,039
53,3(8
38,471
i
July 1 to May 31 . ..
642,339
617,001
146,950
106,759
Den. A R. Grande.b Slay
591,693
576,805
217,935
247,780
Jan. 1 to Slay 3 1 .... 2,812.771 2,629,728 1.088,176 1.061.081
July 1 to May 31 . .. 6,895.040 6,337,268 2,925,101 2.667.229
Elgin Joliet A E.a . May
97,039
92,057
33,032
27,953
Jan. 1 to May 3 1 ....
543.795
457,723
187,671
166,826
July l to May 3 1 .... 1,177,234
999,192
406,999
329,337

( 5,173,667 5,133,567
25,199.776 24,570.476
Inc
133,900
West of Pittsb’g..May
Inc. 663,600
Jan. 1 to May 31..
A ll lines operated—
19,900
Deo.
East or Pittsb’g..M ay
Inc. 619,OoO
Jan. 1 to M ay 3 1 . .
In c. 113,600
West of Pittsb’g..May
Inc. 659,400
Jan. 1 to May 3 1 . .
31,223
37,789
Rio Grande South, b . May
146,oo7
177,103
Jan. 1 to .May 31 —
446,632
365,382
July 1 to May 3 1 . . .
202,056
2J9.129
Rio Grande West, b .. M *y
841,321
900,791
Jan. 1 to May 31 . . .
July 1 to May 31 — 2,249,313 1,9->9,6U
454,342
473,379
St. Louis & 8au Fr. ..May
Jan. 1 to May 3 i — 2.39 i,106 2,311,679
July 1 to May 3 1 . . . . 5,637,504 5,630.559
35,084
22.840
8pokaue Falls & Nor. May
&7,306
146,048
Jan. 1 to May 31 —
965,147
986,823
Wabash, b.................May
4,712,901
4,849,695
Jan. 1 to May 31
11,827,587 10,999,728
July 1 to May 31
257,964
266,033
West.N. Y.& Peun. b.. May
1.103,983 1,214,115
. 2,929,499 3,003,664

1,428,497 1.529,197
6,524,725 6,6 34,525
Inc. 167.400
Ine. 319,900
Dec. 218,300
Dec. c>12,300
In c . 130,200
In c. 253,100
16,156
11,076
63,266
67,366
181,641
219,674
77,025
77,230
277,505
309,612
672,931
834,221
185,177
157,022
863,562
837,999
2.251.6L3 2,380.915
11,926
20,492
4 i,007
81,326
242.753
206,66 2
1,232,1 6 1,114,325
3,359,672 *2,791,777
54.779
t96,042
253,323
321,771
885.840
i 844,607

a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
* Includes Chicago Burlington A Northern for both years,
t Included in expenses lor May, 1896, is $2,225, and from July 1 to
May 31, 1896, $118,767, which in former years would have been
charged to betterments.

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in tbe foregoing,
also report charges for interest, &e., with the surplus or deficit
above or below those charges.
—Inter’!, rentals, etc
1895.
1896.
Roads.
$
872,954
Ohio. Burl.A Quincy..May
880,000
4,364,772
Jau. 1 to May
31_ 4,400,000
Denver A Rio Gr’de. M ar
202,724
201,315
July 1 to May 31 . .. 2,163,977 2,202,615
112,627
Kan. C. Ft. S. A M. ..May
120,044
July 1 to May 31 ... 1,272,972 1,220,495
13,870
Kan. C. Mem. A Bir-.May
16,507
July 1 to May
31_
160,458 131,443
14,192
Bio Grande South.. May
14,098
July 1 to May
31_
154,668 ...........

~-Bal. o f Ret E a rn i —
1896.
1895.
df.250,846 def.15,246
df.210,111 dt.446,959
46,465
15,211
464,614
761,124
def.13,599 def.7,277
79,623
27,899
102
def.564
42,314
02,660
1,964
def.3,022
65,006

STREET R A IL W A S S AMD T R ACl’IO.V Cl> ttU AXlES.
The following tanle shows the gross earnings for the latest
period of all s t r e e t railways from which we are aole to ootatn
weekly or monthly returns. Tae arrangement of the tanle is
the'Bame as that for the steam roads—that is, the first two
columns of ligures give the gross earnings for the latest
week or month, and the last two columns the earnings for
tbe caleudar year from January 1 to and including such latest
week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
G ross
E ar n in g s .
Akron B eflfd A Clev.
Akron ttt.Ry.A 111. Co
AUent’ n A Leh. Tr't'n
Amsterdam St. Ry.-Atlanta Con. 8t. Ry..
Baltimore Traction...
Bath 8t. Ry. (N. 5
Bay Cities Consol___
Binghamton St. Ry...
Bridgeport Traction.
Brockton Con. St. Ry.

Latest Gross Earnings.
Week or Jfo
May.
May.
May.
April
May.
May.
May.
May.
May.
J une
May.

1896.

1895.

$
$
9,674 .........
18,592 14,380
21,234 19,119
3,679
3,675
35,101 30,668
118,167 99,741
1,819
1,796
7.31S
6,969
12,725 10,860
29,720 28,602
26,698 22,549

Jan. 1 to Latest Date,
1896.

1895.

31,805
83,990
80,744
14,477
144,850
472,4 93
7,260
32,759
52,616
149,560
112,229

69,513
72,223
12,926
117,234
417,333
6,786
30,463
43,223
131,373
92,912

$

THE CHRONICLE.

J u ly 4. 1S86.]
C ro ss
E a r n in g s .

Latest Grate Earnings.

B rooklyn E le v a te d ..
B r'klyu R a p .T r. Co.—
Brooklyn H eig h ts..
B r'k lyn Qu'ns * S ub
T ota l to r system .
B ad illo R y .................. March.
C entral T ra e.iP ittsb .)
Chester T ra ctio n .. ..
Chic. Je So . Side K .T .. M ay.........
Cln. N ew p o rt
C ov.. A p r il........
C it's Pas. R y. d n d ’a.) A p r il ........
C ity Elec. (Itorue.Ga.) M a v ..........
C leveland C ity R y — M ay.........
C leveland E le c tr ic ... M ay.........
Columbus 8t. Ry. (O.) May..........
Coney Island A B 'lyn. M ay..........
Consol. Traction. N.J M a y .. .. .. .
D anv.G 's E .L . ASt. R y . M ay.........
D en ver Con. T ra m w . May.........
D etroit R y ....... . . ....... May..........
Duluth St. R y ............ M ay.........
E rie Elec. M otor C o ..
Flushing A C ollege Pt.
F ort W ayne i o n s o l... May..........
G alveston C ity K y ... February..
H erk im e r Mohawk 11l o n * F 'k fo rt E l.R y .
H oosick R y ................ May.
Houston C ity Be. R y ..
In terstate Consol, ol
N orth A tt le b o r o ... May.........
L a k e St. K iev. tCbio.1 A p r il........
Leh igh T raction
M ay.........
Lock H a ven Traction A p ril........
London St R y. (C an .). May..........
Lorain St. R y ............. May..........
L o w e ll L aw . A H a v .. May..........
L yn n A B oston.......... ithw kM ay
afe tro p. (K aneas Cl tv i : wksJuur
M ilw , E l. R v . A L Co. March......
M on tgom ery SL R y
May..........
M ontreal S treet R y ... May..........
N ash ville Bt. R y ........ March......
N ew bu rgh E lectric... May.........
Mew E n gland St.—
W inchester A v e . . . . May..........
P ly m ’ th A K ingston -May............
T o t a l..................... WkJune27
M ew lla ven A C eu trev. May..........
N ew H a ven St. R y . ..
N ew London St- B y ..
N ew Orleans Traction May..........
N. Y . A H a rle m ........ March...
N ortham pton St. R y
i H i o . i ....... .......... M arch.......
Og-ienstiurg St. R y ... M a y..........
Paterson R y . . . .......... M a y ..........
P itts. Front enae A
sab.E lec. B r.tK a n .) A p r il........
P o ’keepsle A Wapp. F. M arch.......
Roanoke S treet......... M ay. .......
Rochester R y ............. M a rch .......
Savannah E le c tr ic ... February.
Schuylkill T ra ctio n ... M a y ..........
Scunytklll Val. Trac. M ay..........
Scranton Traction ... M a y..........
Second A v e . (P ttU b .l A p r il........
Siou x C ity Traction
M a y ..........
Steinw ay R y.............. -May..........
S treator R a ilw a y ...... Feb ru ary..
Syracuse C onsol....... M a y ..........
Syracuse E'st-SldeKy. M a y ..........
8yra< nse St. R R ........ M ay. .......
T e rre H aute E l’c. Ry M a y..........
Th ird A v e . IS . Y .) .. . M arch.......
T o ro n to R y ................ A p r il........
T w in C ity Rap. Tran M a y..........
Union (N . B ed fo rd )... M a y .___ _
U nited T ra ct. (P r o v .) M a y..........
U nit. Tra c. (Reading) M a y ............
U tic a B elt L in e ......... M arch.......
W akedehl A s t o n e .... M a y ..........
W a terb a ry T r a c tio n .. M ay ........
W heeling R a ilw a y ... A p r il ........
W ilkeeb. A W y. Valley M ay...........
W orcester Consol....... M ay..........

1396.

1895.

3
36,301

8
46,313

Jan. I to Latest Date.
1896.

| 1895.

8
i
f
902,314 1,114.690

404,327 410,053 2,152,716 1,721,042
64,563 62,875 337.865 264,750
469,390 472,933 2,490,581 1,988,792
335.154 *>97.363
59.147
53,971
14,905 13,523
74,039
19,725 17.279
63,360
310,217
55,396 61,330
322.882
50,950 45,959 185,825 165,994
75.983 72,758
2.010
1,835
7,977
104.897 91.548 441,232 388,700
150,758 129,660 654.933 558,137
56,169 55,077 259.428 *249.100
36.229 34,028 123.857 13 .381
254,753 215.355
6.145
41.059
7,672
62.713 59.302 284.831 273.908
38.407
174,812
84.549
83,066
18.343 18,375
13,894 11,756
57,706
4i>.lo2
*2,301
1,334
7,462
14.859 10,319
57,564
41.775
13,058 12,449
26,347
27,010
3,667
1,701
9 s0
13,133 •23.133

10,415
3.175

10,720
52,90s
10.972
1.467
7,655
4.33 4
6.147
7,164
36.652 36.554
45.390 41,797
74,371 70,715

45,462

5.420
4.249
114,263 100,600
24.804 23.3 37
8.544
5,805
20,711 19.630
2,590
2,290
8.654
e,*7A
4.042
5.065
20,01 < 15,942
4,746
3.664
123.763 122,44 4
6,250
1,918
22.? 57
1,377
5,44e
4,060
70,975
5,441
8.356
5,382
30,783
33,906
6,323
34.963
991
11,026
3.5451
27,340
13,777

4,920
27,030

3,174
05,038
3,470
7,04i.
4.479
25,001
22,388
6,333
22,991
388
13,467

..........

R

u lr o a d s and

Volume 62 —

25

M i s c e l . C o 's.

Page.

A lle g h e n y V a l i e v .................................776
B u rlin g to n C ed . R a p id s & N o rth .. S'38
Canada S o u th e rn ................................ 1033
C e n tra l P a c ific ..........................108 i, 1098
C h ica go E d ison C o .............................. 937
C h ica go G re a t W e s te r n ...........
1130
C h ica go £ N o rth W e s t e r n ............ 1037
C h ica go R o c k In lan d £ P a c i f i c ___ 1037
C h ic. & W e s t M ic h ig a n .................... 320
Chic. & W e s te r n In d ia n a ................. 1034
Cln. H a m . £ D a y to n (6 m o n t h s ) . . . <038
C in c in n a ti J a ck so n £ M a c k in a w .. 1137
C in c in n a ti £ M u sk in g u m V a lle y .. 90ft
E le c tr ic S to ra g e B a t t e r y ................. 1033
F lin t Sc P e r e M a r q u e tte ................. 819
F t. W o r t h £ D e n v e r C it y ................1085
G e n e ra l E le c tr ic ................................ 776
G ran d R a p id s £ In d ia n a ................. 775
In te r n a tio n a l £ G re a t N o r th e r n ... 1038
J a c k s o n v ille T a m p a £ K e y W e s t. 1137
K an sas C ity £ O m aha ..................... 819
L a k e E rie £ W e s te r n .................813, 82ft
L a k e S h o re £ M ic h ig a n S o u th e rn . 8 U
M a h o n in g C oal R R ........................... 865
M e x ic a n C e n tr a l................ 805,817. 823
M ic h ig a n C e n tra l
......................... 865

R a i l r o a d a n d M i s c e l . C o ’ s (O on.)
V o lu m e 6 2 —
Page.
M o n o n g a h e la R iv e r R R .................. 3 3 7
N e w E n g la n d T e l. £ T e l ...............
906
N . V. C h ica g o £ St. L o u is ................. S36
N o r fo lk £ W e s te r n .............................. 905
N o r t h A m e r ic a n C o ....................... 113<5
O h io R iv e r ...........................................
O re g o n Im p ro v e m e n t C o ..................lO S i
O reg o n S h o rt L in e £ U ta h N o r th ’ n 8 19
P a c ific M a il S te a m s h ip .................... 9S6
P e n n s y lv a n ia S te e l........................... 77*5
P h ila d e lp h ia G as C o......................... 9 4 7
P itts b u r g F t. W a y n e £ C h ic a g o .. .1175
M . J osep h £ G ran d Is la n d ................Sl9
S o u th ern P a c ific C o ............... 1033.103 }
U n ion P a c ific . . . ......
31S
U n ite d S ta tes R u b b er C o................. 947
W els b a d h C o m m ercia l C o ............. 1137
W ilm in g to n £ N o r th e r n ................. 867
St r e e t R a i l w a y s .
A lle n t o w n £ L . V . T ra c tio n ........... 906
L o u is v ille R a ilw a y ,... ................... 411
M ilw a u k e e E le c . R y . £ L ig h t ....... 1038
N o r th H u d so n C o u h tv ................... 411
S a cra m en to E le c tric P o w . & L g t .. 411
T w in C ity R a p id T r a n s it ................. 500

Southern Pacific Railroad of California.
fReport for the year ending Dec. 31, 1895.)
O n subsequent p ages w ill be fou n d the te x t o f th e annual
report.
T h e c o m p a ra tiv e statem en ts p re p ire d fo r th e C h r o n i c l e
are as follows :
E A R N IN G S , E X PE N S E S AN D C HARGES.

47.980
5,292
29.918
26,532
147.040
501,984
760.381
376,219
21.295
486,322

19,399
29,632
134.568
459.770
713,554
326,608
16,172
404,505

...........

...........

79.2*22
10,946

73.6i i5
9.516

23,478
74346
15.364
506,233
232,20-

10,340
63,220
13,506
510,431
279,020

19.307
5,681
127.7,9

12,997
102,528

5,435
16,043
15.665
210.775

12.572
187.100

32.305
38.524
15,131
20.655
132,501 103,901
74,530
136,042
3 i,369
31.268
64, m i
120,085
1.827
2,120
70.876
53,703
14.864
70,709
22,726 121,289
47,980
00.960
12,618
594,541 530,521
76,241| 75,199 298.530 278,404
170,10s 164,000 789,695 754,080
63,224
13,3421 15,028
77,547
152,377 130,96* 67 7,447 593,895
60.303
19.430 17,938!
09.09 8
33,613
13.449 11,5a7|
38,650
15,819
5,584; 4,6511
19.200
89,153
20,254 20,336
97,313
40,937
50.760
13,68s 11,326
43,6251 37,109 193,404 151,428
157 286
45.728 37.549 191,526
* Earnings In May. 1895. were Increased by Confederate Soldiers' Re
union in Houston.
'

Street Kail way Set Earnings.— The following table gives
the returns of STREET railway gross an 1net earnings received
this week. In reporting these net earnings for the street rail­
ways, we adopt the same plan as that for the steam roads—
that io, we print each week all the returns received that
week, but once a month (on the third or the fourth Satur­
day) we bring together all the roads furnishing returns, and
the latent statement of this kind will be found in the
C h r o n i c l e of June 20, 1190, The next w ill appear in the
issue of July 18, 1896.
•----Grass Earning*.---- ..---- S'el Earnings.-----1890.
1899.
1896.
1895.
Roads.
•
•
•
8
L eh igh T ra c tio n ...... M ay
10,972
........
5.220
...........

1895.
Milas of road Dec. 31*............
1,921
Rcscipls—
$
Gross earnings.. ..... ........... 10.470,434

1894.
1,071
.0
8,999,236

436,266
97

436,260
177

1893.
1,861
$
10,669,223
41,072
436,266
139

T otal------- a ...................... 10,906,797
Operating expenses.......... ...... 8.402,756

9.135.079
5,655,342

11,146,750
6,066,120

Net ea rn in gs....................
Deduct—
Interest on b o n d *........ ..........

4,504,041

3,T 80,337

5,080,630

2,913,035

2,014.374

T axe*.......................................

70,782
338,063

2.895,458
7,975
63,978
266,873

T otsI..................................
Surplus from operations______

3,332,710
1,171,331

3.234,284
546.053

3,182.418
1,893,212

Rental from At. Jc Pac___ . . . . .
Miscellaneous r e n t a l.............

77 131
290,913

'Includes the 242 miles leased to the Atlantic & Pacific RR.
P R O F IT AN D LOSS ACC O U N T.

Cr.
Not profit under lease to 9.P. Co.
mds ........................
Interest on bonds o w n e d ......
D r.
Expenses A taxes, !an«l grant..
Appiic. to redetnp. 0% bond*-.
Sinking funds_______ ________
Miscellaneous.........................
Balance, surplua. for year ...
Dividends on stuck ..................

1895.
9
916,309
70,151
61,064

1894.
1893.
9
$
526,322
1,164,741
7. *.571
1.467,103
42.832
36,720

1,054,024

643,725

2,668,564

53,544
101,044
10 i.000
61.736

57,902
95,459
10 >.o00
56,467

79,830
1,467.103
136,720
........

316,324
737,700
....—

309.828
333,897
. ...

1,683,653
984,911
2,036,445

R esu lt................................ sur.737,7009ur.338.897 def.1,051,534
ASSETS A N D L IA B IL IT IE S .

18»5.
1stefs_
*8
Cost of mad. e tc ....................... 134,277,267
Bouds on hand..................... .
..........
Notes for lands sold
_____
3,175.543
Company's rinking fund.......... 1,258,200
Land grant sinking fu n d ......
266,413
...............
........
Cash.........................................
35,263
Miscellaneous.......................
1,240
T o ta l................................. 139,013,933
L ia b ilit ie t —

Stock............
70,006,100
Bonds (see Su p p l e m e n t ........ 52,326,500
AooOUQte payable............
16,512
Unclaimed dividends ............
103
‘
. ......
100,197
Trustees’ land grant m ort . ...
260,418
Due Southern Pacific Co.........
269,107
Miscellaneous........................
8.931

1894.
1393.
$
$
130,192,265 128,362.616
..........
92,000
3,504,019
3,743,615
1,097.137
954,305
343,690
538,791
..........
189,959
75.077
297,579
539
589
135,202,723 134,684,454
68,402,900
50,923,500
16,962
104
135,437
.343.691
107.412
7,674

67,895,900
50,794,500
14,145
82,996
272,505
538,792
.........
8,206

T otal..................................122,993,868 119,937,630 119,607,054
Balance, assets over liabilities 16,020,065
15,265,048
15,077,400
—V. 61, p. 71.

Cleveland & Marietta Railway.
( Report fo r the year ending Dec. SI, 1895.)

The tonnage was 893,041 tons, as compared with 795,710
tons in 1894, an increase of about 12)£ per cent. The prin­
cipal items of increase were bituminous coal and miscellaneous
Jan. 1 to M ay 3 1 ....
17,980
............
19,043
............ merchandise. The average earnings per ton per mile were
July 1 to May 31....
113,564
...........
51,337
.........
8'5 mills, as compared with 8 0 mills in 1894. Crpss ties to
Wereeater Com ol___ M ay
45,728
37,549
13,301
12,31"
Jan. 1 to M a j 31___
191.329
157,280
47,412
35,90; the number of 39,595 and 70}£ tons of new steel rails were
used in renewals. In order to avoid the heavy grade at
Tunnel No. 2, a line of a little over eight miles in length is
being constructed between Kimbolton and Guernsey station,
which is now practically completed. The condition of the
ANNU AL REPORTS.
motive power was improved by the purchase of four engines
to supply vacant numbers.
The 0 per cent bonds, amounting to §590,000, being subject
Aannai Reports.— T h e following is an index to all annual
reports of steam railroad*, street railways and m iscellan eous to call, were paid off at 110 percent out of the proceeds of
companion which h ave been published since the last edition s 81,250,000 of 4% per cent bonds, maturing in 40 years from
May 1, 1895. The trust notes and other floating obligations
of the I n v e s t o r s ' a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does n o f in clu d e rep o rts in to -d a y ’s C h r o n i c l e . were also discharged, and a portion of the balance used in the

THE CHRONICLE.

26

construction of the new line already referred to. Through
the retirement of these high-interest bearing securities the
financial condition of the company has been greatly improved,
and it was able not only to m-et the entire interest upon its
debt but to pay for the four engines already referred to and
carry a small surplus to the credit of profit and loss.
EARNINGS AXP EXCESSES.
1305.
$

1894.
$
97,187
146,810
65,767
15,371

1893.
$
110,413
128,142
73,221
18,946

T o u t................................ ......... 367,753
Expends —
Maintenance of way, A c .... ______ 80,939
Maintenance of equipment... ......... 39.990
Conducting transportation... ........ 117,709
General......................... ...... .......... 28.251
Taxes..................................... ........... 9,936

325,185

330,722

T otal...............................
Net earnings..........................

204,212
60,973

312,745
loss 12,022

35,400
23.202

33,400
13,7 92

63,602
loss 2,630

49,192
loss 61,215

E a m in a t—

G o a l......................... ........... .........163.291
Mall, express, etc ............ .

......... 16,527

82.812 1
39,626
110,2 20 :
21,931
9,619 J

......... 47,894
Interest on floating debt, Ac.___ ... 3 4,742
82.6 16
Balance ..........................
—V. 60, p 1058.

Pittsburg Youngstown

&

312,745

[Y ol. l x i i i ,

was a large decrease in grain. Tne average rate per ton per
mile was '75 cents against '79 cents in 1891.
There were 49,721 lies used in reaewals and 9 miles o f
track were ballasted wih furnace ciader and 4 with gravel.
E A R N IN G S

A N D E X PE N S E S .

1895.
Earnings —
$
..316,156
Freights ............—
Passengers.............. ..116,635
Mall, exp., rents, &c .. 21,151

1394.
$
321,223
14 3.566
22,5 36

1893.
$
341,921
15 >,6'2l
23,366

1892.
$
358,204
154,626
22,531

Total.................. ..517,002
Expenses—
Main, o f wav, &o— .. 90,221
Main, of equipment ... 66,302
Conduct’g transport’ n.230,221
General....................
T ax es................... ... 31,114

434,315

520,908

533,362

417,931

421,245

Total ................. ..426,458
Net earnings........
Deduct—
Interest on bonds.. . ..231,590
Hire of eqiipment...

387,450
93,954

417,931
10 2,977

421,245
112,117

203,039
3,553

203,12 3
3,5 33

203,120
3,563

206,68 3
103,706

206,683
94,566

Total..................
Balance, 103S............ ...116,631

85,127
53,261
210,343
9,055
29,656

1
;!•
|
Ji

206,623
109,658

T erre Haute & Indianapolis R R .

( Report fo r the year ending December 31, 1895. J

Ashtabula KR.

The tonnage transported was 1,636,712 toas, as compared
with 1,490,763 tins in 1894, an increase of 13 14-100 per cent.
There were 5,840,456 tons carried in 1895, an increase of The average rate per ton por mile wai '83 cents against -37
46'23 per cent as co npireil wi.h 1894, ths gain being princi­ cents in 1894.
The expenses for th9 year were seriouslv increased by the
pally in through traffit. There was an increase in the raileag >"of 54'73 per cent, and iu the revenue of $503,65S 98, or disastrous accident to a passenger train January 23th, 1895,
at Ooatesville, Ind., through the breaking of a switch rail,
47'81 per cent.
There were used in the maintenance of track 501 tons of and the maintenance-of-way expenditures were also largely
new steel rails and 45,176 cross ties ; 635 tons of partly worn iu excess of the previous year. There was a largely increased
steel and-9,912 cross ties were used in the laying of additional loss in operating the leased lines of this comp inv. the resale
tracks. Tne expenditures on capital account amounted to being a deficit in meeting all obligations of $251,729. The
$233,465 11, of which $225,774 was for 425 new gondolas. Toe condition of the property was fully maintained, a larger
amount of new 85-poond steel rails having toeeu used than in
second track was also extended in Youagstown.
The average rate per ton per mile was '6 J cents, against the preceding year, a material peresntage of the trestle
bridges having been renewed, and an increased d u Hber o f
■62 cents in 1895.
cross ties put into the track.
E A R N IN G S AND EXPENSES.

( For the year ending December SI, 1895.)

Earning*—
M e r c h a n d is e .............

O il............................
Coke.........................
Coal ........................
Dockage on ore.......
Passengers...............
MsP, expr. & mlseel..

1S95.
$132,793
689.441
155,252
235,-52
3.206
136,517
26,933

1894.
$34VJ34
451,984
91,769
162.96 1
16.523
125,745
21,171

1893.
$360 907
113,130
89,992
202,703
16,922
136,891
23,338

1893.
$437,789
479,337
97,687
223,584
19,225
158,430
23,903

Total................... $1,730,012 $1,224,127 $1,279,635 $1,439,962
Expenses—
Main, or way, &c...... $195,093
$121,235 3
Main, of equipment..
191,030
133,336 i
Conducting transp'n.
503,923
377,696 }• $747,919
$345,927
General..................
19,818
16,987 |
Taxes........................
36,586
31,625 J
T o t a l..................
Net earnings...........
Hire ol equipment...

$347,4t3
$732,549
64,598

Balance surplus.. $717,951

$633,959
$510,188
52,917

$747,819
$531,866
62,844

$487,242

$463,022

$345,927
$594,136
60,886

E A R N IN G S A N D E X P E N S E S .

Earnings>—
F re ig h ts ...............................
Passenger............................... ......
Mail, express, rents, eto........ ......

1895.
$
304,406
153,741

Total................................
Expenses—
Maintenance of way, & c......... ...... 123,583
Maintenance of equipment;...
Conducting transportation... . .. . 566,423
G eneral............................
Taxes....................................
Total.......................... .
......
Net earn in gs.........................
Interest on bonds............. .

1894.
$
695,318
290,67 6
151,261

1893.
$
802,148
3 34,621
137,715

1,137,278

988,404

P rofit................................

93,352
173,239
458,393
33,331
45,382

1,274,485
)
|
1
|
)

935,287

803,743
333,530
125,900

935,287
339,197
129,000

208,530

210,197

$533,250
* Includes $6,175 “ other income.

V. 62, p. 187.

Erie & P ittsbn rg R R .

( Report fo r the year ending Dec. 31, 1895.J
The tonnage increased 895,113 tons, or over 50 per cent.
The largest increases were in the items of bituminous coal,
coke, ores, stone, sand, and pig and bbom iron, and tbs larg­
est item of decrease was miscellaneous merchandise. The
average rate per toa per mile was 58 cents, against 53 cents
in 1894.
There were used in renewals 153 tons of new steel rails and
28,870 cross ties, while 63 tons of partly worn steel and 2,000
cross ti-s were used in the construction of additional tracks.
Three miles were ballasted with furnace cinder,
The motive power and equipment are in the s im ) condition
at in the preceding year, except that two tool cars were sold
to the Pennsylvania Company,
EAR N IN G S AND EXPENSES.

E a r n in g s -

Mdse., ore and coke.

.

D o c k a g e ........................

Passengers,...... .......
Mail, exp., rent, Ac.
Total....................

1895.
$ 6 3 3 ,7 5 4

1814.
$ 4 7 6 ,3 8 0

1893.
$ 4 0 3 ,0 7 4

2 1 ,9 2 8
1 1 0 .2 9 2
5 1 ,5 3 0

930
9 9 ,0 6 6
5 3 ,5 8 1

1 ,4 1 2
1 0 3 ,5 3 8
5 3 ,3 0 4

.$ 1 ,0 2 2 ,2 1 8

$ 7 8 6 ,5 9 7

E xp e n se s—

Main, o f w a y , A o ___ .
Main.o f e q ufpinent.. .
Conducting traus ....
T a x e s ...... ....... .......
Total....... ............. .
Not earnings . . . . . . . . .
Rental....................

$ 1 1 7 ,1 3 2
1 1 1 ,9 0 5
3 6 6 ,7 9 0
9 ,7 4 5
2 ,3 6 1

$ 1 0 ,3 4 3 1
8 0 ,2 9 2 |
2 9 9 .8 0 2 >

$ 6 7 6 ,1 9 8

4 7 3 ,0 7 1

1892.
$ 4 5 3 ,9 4 7
1 1 1 ,4 6 4
2 ,5 1 9
1 1 5 ,9 4 1
5 3 ,3 1 9
$ 7 3 7 ,2 2 0

$ 5 4 9 ,0 1 2

4 ,5 9 8 J

$ 6 0 7 ,9 3 3

$ 1 7 2 ,8 0 3

$ 1 7 3 ,0 7 1

$ 5 1 9 ,0 4 2

$ m ,2 8 i
4 0 6 ,7 6 J

$313,790

$ 2 0 3 ,1 2 7
3 9 1 ,6 4 3

$ 1 8 8 ,1 7 8
3 0 4 ,6 0 7

4 0 0 ,0 0 2

sur. $7,524 loss$36,212loss$188,216 loss$206,430

Indianapolis & Yinccnnes Railroad.
( Report fo r tin year ending Die . 31, 1895.)
tonnage increased ,11 43 100 percent iu volume ar
13 91 109 per cant tn mileage, all in local traflb. The large
items of increase were bituminous coal and lumber - the

Toledo P eoria & W estern R ailw ay,
( Report fo r the year ending Dec. 31, 1895J
The tonnage was 723,691 tons, against 621,474 tons in 1894,
an increase of 102,217 tons, or 16 43-100 per cent, entirely in
through traffic. The largest items of increase were grain,
miscellaneous mill and animal products, anthracite coal, pe­
troleum, sugar, wines, liquors and beers and miscellaneous
manufactures. There were large decreases iu bituminous
coal, stone, sand and miscellaneous merchandise.
The work of replacing trestles and wooden bridges with
embankment and iron structures was further continued, as
also the ballasting of the track with cinder and gravel. The
equipment was increased by the purchase of 4 consolidated
engines and 350 box cars.
The average rate per ton par mile was 1'19 cents against
1'82 cents in 1894.
E A R N IN G S A N D E X PE N SE S.

Earnings—
Freigh t........................ .......
Passengers..........................
Mall, express, rents, &o......
T ota l..............................
Expenses—
Maintenance of way, &o ...
Maintenance of equipment .
Conducting transportation..
G e n e ra l..............................
Taxes...... ...........................
Total ............................
N et earn in gs...... ...............
Deduct—
Interest on bonds...............
Interest on lloating debt___
Betterments........................
T otal.............................
Balance, lo s s ......................

1895.
$
8 6 ,3 6 2

1891.
$
542,369
271,954
79,297

1893.
$
581,614
283,079
108,765

9 9 1 ,2 6 8

893,621

975,453

2 2 0 ,7 9 3
4 4 2 ,2 0 7
3 0 ,3 0 0
3 8 ,7 8 2

165,805 ]
75,357
433,719 !!- 788,267
30,214
36,348 J

8 0 8 ,6 7 5
1 8 2 ,5 9 4

741,943
1® 1,678

788,267
*2 32,952

1 9 5 ,8 0 0
1 1 ,5 3 5

195,800
1,979
16,153

195,800
1,350

2 0 7 ,3 3 5
2 4 ,7 4 1

214,232
197,150
62,554 prf.35,802

6 1 1 ,8 9 3

293,011

76,593

* includes $45,761 “ other income.'’—■V. 61, p. 5147

Ju

THE CHRONICLE,

4, 1896.]

ly

Terre Haute & Peoria RR.
( R e p o r t f o r th e y e a r e n d i n g D e c e m b e r S I , 1S95.J
SAKX1XGS A N D

EXPENSES.

1895.
$
316,669
99,349
21,619

1894.
*
301,984
91,706
22,279

T o ta l........................................
Expenses—
Maintenance of way, A c ....... .......
Maintenance of equipment..........
Conducting transporta ion...........
G e n e ra l..... .......... ......................

437,636

415.970

89.290
56.283
225.735
10,320

94.366
5 -V 77
231,560
9,155

T otal........................................
NetearLings .................................
Rental............................................

382.128
55.507
131,291
75,784

Earnings—
Freights .....................................
PiMsenRers....................................
Mail, expres*, rents, Ac. .............

Loss......................... ...............
H r 1Kenton

Houston

Sc

Railroads Owned— The compmy owns and operates be­
tween its mines and shipping places 54 miles of standardgauie lines and 22 miles of sidings, with 18 locomotives and
1,179 cars of 10,851 tons coal capacity. It also owns and uses
1893.
as supplementary to these, narrow-gauge lin>s 18 miles miles
$
SOJ,333 in length, with 6 locomotives and 350 cars. Its passenger aud
90,599 general freight business is satisfactory.
21,314
Earnings and Balance Sheet.— For tin late year tho earn­
412,246 ings, etc., were :
394,333

Proceeds 384,904 tons, less mining transpoit’n royalty, eto .$187,256
Protits on steam-hips, railw ays, b H ies, etc.......... ". ............
171,392
From railway suspense account to m ot i iterest on cost con­
struction previously charged to expanses ........................... 51,386

387.159
28,811
124,791

394,333
17.912
123,673

„ . , _
,
$410,034
Deduct—General expenses...................................................... $66,812
Interest ($130,000 less $11,437 int. accrued ou bonds sold )... 163,563
Due on above business..............................................................
24,945

95,980

105,761

|
l
f
J

Henderson Railroad.
1895.

1894.
50
*
515.897
426.386

1893.
50
$
436,06 >
354,932

119.511
8

101,128
88

119519
100,000

101,216
lOf'.OOO

100,900
sur. 19,519

100,000
sur.1,216

*

Gross e a rn in g ...... ................
Operating expenses aw l taxes

Balance available tor dividends and sinking fund............$149,814
Add surplus from 13J4............................ .................. . ........ 27,614
Total surplus In c o m e .........................................................$177,428
Deduct- sinking fund................ .............. . ..............................
31,636
Dividend od preferred stock (including $20,000 to lie paid).". 120,000

f E a r n i n g s f o r y e a r e n d i n g D e c e m b e r S I , 1 8 9 5 .)

Earrings and expenses are reported as follows :
Tears ending Dee. S i Miles operated....... .................

27

Balance ........................................... .............. .................. $24,792

1 1 addition to the above $105,b08 has been received in cash
on account o f railroad suotidy.
general

Net earnings— ................
Total not Income_____ . . . . .
Interest ou debt................... .

........ 26,988

Total payuieat*___________ . . . 121,568
..d e l.22,090
Balance............. -.......... .
— V. 61, p. 1064.

A111 n11 Consolidated Street Railway.
f R eport f o r

T e a r e n d i n g A p r i l 30.—
Gross e a rn in gs ...................... .....
Other in c o m e ...... ..................

Total g r o t * ..................... .
Operation expenses__________
Total net earning*_____ . ..

1894.
•
299.311
463

294.845
169,0*29

299.774
21 J.093

125,816

86,691

Interest charges...................... ...... J 133,201
Tisxea..................... ................

I 92.520
l
9,708

97,524
14.066

T ota l..................................
Balance.............. ............ . ..sur. 119,899

102,2^8
•ur.2S.538

111.590
•lef.24.9C9

D ed u ct—

Metropolitan Street Railway of Kansas City.
f R e p o r t f o r th e y e a r e n d i n g

May

SI,

1 8 9 0 .)

This company reports the earnings, etc., of its system (ine lu d in g the K tr.sa s City Elevated) as f o llo w s :
1896.
Gro.s eamlns* ‘ Including Kan. City E L )...*1,780,940
OioratlBK expense*. Includlnx taxes ......... 1,033,042
S e t s t r a in * * ........................... .................

Interest on b on d s...... ......... ................
M i»e e il* n e o u - I n t e r e s t , . . . . . . . . . .

Dividends p a ll. 4 per sent...... —.......... .
K t t surplus tor the y e a r .....................

Kansas C ily Elevated RR. included
year gross earnings of $158,052 ; net,

1995.
*1.7 1.155
1,058,136

$20,367,820

$20,367,920

Lamson Consolidated Store Service.
f R e j M jr t f o r y e a r e n d i n g M a r c h 31, 1896.J

The directors say in their report for th? lata fiscal year:
'* Tiu* general stagnatl m la buducss has continued a id the busines a
ha- not proved *o Lr^o an l protit ibk- as we had i
iope when
making our report to yon a year ago The o trnings however, have
h-i 'i increas'd •misideraMy, although the competition in some eases
Du* b-ou very Htiirp. r * o dividends at the r itu of 8 per cent per unBain have been earne l an l paid. The bond 'd debt Ins been reduced
f
and to addition $0.-172 has been pi toed to the credit of
profit and loss account. New and ingenious systems have beeu dcvUed for uie in mao a f»c tart«s, market*. eto , and tbe oo np.mv is now
prepared to install all kind* of ra rr)ln g ayatetris for a ores, oewaapere, public libraries, m imifactortu*. markets and banking houses,
n the suit with tbr B irr Compact all th** evidence lias been taken aud
tho < twe l« in order for argument at the fall term. Tllfe litigation
agalnat tin* Martin Company is continuing. We have orders ou hand
for b tween four and five h mdred stations."

f

E a r n i n g s . — Burning*

show as follows:

Tear ending March 31—
1896.
O f"** earning* ......................... $372,700
E xpenses.................................. 20 *,86 4

1895.
$341,376
203.2-15

Increase
$31,324
1,619

Net earnings ........................$167,836
Dividend* ................................. 131,364

$118,131
65.682

829,705
6 ,682

Balance........................
$36,472 $72,449 Dec. $35,977
The e a rn in g * include*. R e n ta h and sales of p lan 's, $362,618;
*747,998
*043,019
int* rest account, $10,082; total,$373,700. The expense* w ere:
*478,897)
*371.720 I Construction account, $04,085; insurance and taxes, $13,053;
5 ,3 4 0 )
111,736
expense account, $48,6l9; legal • xpense account, $16,031;
mairtenance, $43,364: bond interest account, $14 375; bad
*271,299
*151,934
$337; total, $304,864.
above had for the late j debts,
Balance Sheet.— Balance sheet of March 31, 1896, shows ;
$59,821.—V. 62, p. 5'i2.
L ia b ilitie s -

Iiuininlun Coal Company, Lim ited.
(R e p o r t f o r y e a r e n i l i n g F e b , 99, 1 89 6.)

President Henry Si. Whitney says:
*— The output for 1395 was less by 135,633
tons than for the previous year, dus partly to the dulnesa of
trade in Canada and to the unusually large stocks of coal car­
ried over by consumers, and partly to the low price for cod
prevailing in the United States. The construction of the
railway, begun in May, 1893, was not completed for shipments
from Lonisburg until October. 1395. As the interest on its
cost wss •'barged during construction to working expenses, the
sum of $51,88$(oeing interest at the rate of 5 per cent on
cost to completion of road) lias boon transferred from the
railway suspense account, leaving to the credit o f this ac­
count *125,1)00 to meet future railroad extensions and re­
newals. The OOU v>a for 1898 is quite good, the contracts al­
ready made ensuring an output in excess of that for any pre­
vious year. Shipments for the three months ending May 31
show an increase of 69,4*9 tons over same period last year.
N e w S t o c k , dre — As all the mines are now equipped with
modern machinery, and the railways and piers completed, no
construction work is being done nor is contemplated. Some
additions to motive power and rolling stock may be necessary
if business increases.
Bills payable to the amount of $523,000 represents what is
needed to clear off liabilities for construction work, and leave
sam e money for - applies, ftc. The directors have therefore
decided to issue $500,000 prvferrel stock left in the trea-ury
for such purpose, and have sold and received payment for
the whole of this at $91 net per share, subject .to the right of
stockholders to subscribe at said price
G en era l R em a rk

Liabilities.

Capittlstock.com ...$15 ,000,000
pref___
,500,000
First morf.g. bonds...
00 >,009
Bills p jyab le..............
523,745
Unpaid onpons.........
90,690
Dividends unpaid......
1.248
siukiur fund 1894 ...
32,636
Dividend, 2 months . .
20,000
Royalty ...................
31,441
Int. & acets. payable..
24.845
Subsidy susp. for RR.
125.000
General surplus.........
18.215

th e y e a r e n i l i n g A p r i l SO, 1 8 9 0 .)

1895.
*
291,467
*,378

29, 1396.

Property.............
$19,930,408
Cash in banks A offices
31,847
Accts. * bills receiv..
6.',676
BnL due from agts.elo.
80,7X3
New supplies In ware­
house and stores...,
123,256
Cash in Trust Co.—
F t coupons____ . ..
94.690
For sinking fund ..
44,815
For spe lal d eposit.
1.164
For dividends..........
1,248

Earnings aid expenses for the late fiscal year have been re­
ported as follows. The heavy increase in gross and net is due
largely to the extra travel incident to the Cotton States Expo­
sition.
1896.
*
491.379

b a l a n c e sh e e p f e d .

Assets.

Assets—
Cash in Boston, Lowell
a* d branch <>(tloes....
Notes receivable.........
Account* receivable .
Sturetervloe reot'lsduo
Mater ill* and supplies.
Odice furniture............
R ian t*................
Invest'd In oth. systems
Patents........................
Heal eat A machinery.
Treasury stock at par..

$158,800
Bond* ...............
4,458
$45,179 Accounts payable.......
124,951
71.141 Pruitt and loss..............
376,448 Capital stock............... 2,000,000
35,640
154,827
3,113
643,105
318,353
150,535
136,412
357,950

T ota l...................... $2,293,909

T otal............... .....$2,293,209

P. Lori Hard Company.
( S ta tem en t f o r

year

e n d in g

J u n e 30,

1 3 0 6 .)

The company has issued no report, it is understood, “ for
trade reasons,” but the following is the statement made
by the President at the annual meeting June 3t):
*• While it 1* impossible to givo any accurate report o f the business
until our book* are made up. I would state that aiiriug the early par.
o f the year the tobacco barn ness o f the U tilted State* was more or lesfl
s« rlously «tb cted by excessive competition, combiued with dull time ‘
However, in the last few mouth* general business shows au im prove
ment and competition has lessened considerably, and aH tigna poln ^
to a fairly remunerative business in the future,
" We have ample capital and large stock* of leaf tobacco; have
made practically no bad debts; wo have also recently m ole som what
extensive Improvements and alteration? iu our factory, which w ill
enable ns In the coming year to manufacture at a considerably reduo*d expense and turn out an Improved product. Our selling ma­
chinery has also been reoi g\iuiz--d, and should in tne future enable us
to put our product on the market at leas expense than in former
^ *• Eor the year ending Feb* 1 the company paid 8 per cent in d ivi­
dends ou Us preferred stock ami 6 per cent in dividend* oo It* com­
mon stock, oestde* putting aside the us lal amount ‘ o guaranteo
1Against depredation account.” —V. 61, p. 67

THE CHRONLCLE.

•>s

[V o l , LXII1.

Macon & Adam ic, projected from Macon to Savannah, and
consists of about 30 miles of road, on which rails are down,
and 6 0 miles of graded roadway. Its indebtedness is stid to
U lowing is the general balance sheet of the G eorgia RR. be about $200,000. Two unsuccessful attempts have already
JS B ill king 06. presented at the annual meeting in May, 1896. been made to sell the property.— V. 61, p. 151.
OEKEKAL BALANCE SHEET MAKCU 31. 1896.
Atchison Topeka * Santa Pe Ry — Report.—President
AValker has prepared an elaborate statement of receipts and
r £ T » d J its outnt .. .ft.20O.OCO I C a iilta l sto c k .............. * 2 5 0 0 000
expenditures under the receivership, and of the charges, earn­
M acu iA Augusta KK . 1.230.000 Bonds................. ........
W e are
eoeu'ttts" owned ....... 2.362.4*2 Miscellaneous...............
J n o g S ings. &c.. since th» n ew o m p a n y took possession
Cash on hand...............
298.29* Surplus........................ 1,360,283 able'to give this week only tne following table showing the
T o U j .......................... $*.090,736
T otal......................... 88,000,736 earnings and expenses for the system (now 6,433 miles) for
These securities Include: Stocks—Georgia HK. Bank, t 193j- 0_, the first five months of the present year, including income
t\ , . ,t u H v of Alabama. $900,000; Georgia RR. * Banking: Co., $t>/.- from investments and deducting taxes and rentals, the bal­
u ' , A tla n ta * W t-t Point KR.. $4*0,900; total atockB.
ance being applicable to the payment of interest:
Georgia Kail road & Banking Co.

iCknertil Balance Sheet of March 31,1896.)

i:oads—Atlanta * West Point eertiUcates of Indebtedness, $4*0.900,
Part Koval * Augusta Ry.. $2u0,000; Waltoii KK., $31,000: Anton
Point * White Plains, $3*,UO0; total bonds, $755,900.

There is no change since March 30,1894, in the list of secur­
ities owned or in the stock and bonds outstanding. Tne sur­
plus at $1,300,283 in 1896 compares with $1,359,443 in 189o.
—V. 00, p. 1144.

GENERAL

INVESTMENT

NEWS.

E arnings, including Income from in v e s t m e n t s ....... ........... $11,183,058
Expenses, including t xes and ren ta ls-------- ........................
9 ,i7 *,A66
....................................................................... .........................$2,313,592
P resen t fix ed charges fo r same fiv e m onths............................$1,937,746

Since January 1, 1896, 50 miles of new steel rails have been
laid in the mam line, charged to operating expanses, wliica
were purchased by the receivers at last year’s prices.
The total annual fixed charges upon the property as taken
over on January 1, 1896, were as follows :

' Reorganizations Etc .—Latest Data as to Defaults, Re*

organization Plans. Payment of Overdue Coupons, Etc.—
All facts of this nature appearing since the publication of tbe
last issues of the I nvestors’ and Street R a il w a y Su pple ­
ments may be readily fouad by means of the following index.
This index does not include matter lu to-day's C hrostole.
—je~ For some minor companies see also index in Chronicle

of May 16, p. 107; June 6. p. 1039, and June 27, p . 1176.
R a i l r o a d a n d M i s c e l . C o ’ S (C o n ,)
R ailro ad s and M iscel . Co' s.
Volume 62—
Page,
V o lu m e 6 2 P a g e.
AJtroo A C hic. June. <B .A O .) .coup, b20 N o rth . P a c .—Jam es R iv . V a l. reorg. 9t9
A m . W a te r W o r k s (O m a h a ).p la n .10*5 ! Spok. A P a lo u s e . .«<■(<(emenf.990, 1041
H e le n a a R e d M t....,.s<rtM «m ent.l088
A t l s « T a c k C o ............................ com.1170 j
B a ltim o re B elt (B . X O .)........ coup. 820 O gdensb. A L . C hain.e u»/.808, 948, l u l l
B a ltim o re A. S. V. (B . A O .) ..coup. 8*0 | O h io S ou th ern , .default. 1041; m » rtf 1140
B alt. X ...................... reorg. 777; com. 1086 O reg.lm p.p(u n.9J0. l u l l . 1084,1088,1178
Do
do
opposition to p lan 1140
Do
........ recv. ctre.vii*. 987, 1039
Do
.coup.520,987,1080,1128,1170 O regon R y. a N u v . .................... saff.1088
C ed a r F a lls A M in n e s o ta ........ so(<1.1089 1 O regon S h ort L in e A U.N.coup.779, 870
do
do
instalm’t <Zue\10>*8
C en tral Br. U n ion P a c ific — reorg. 908 |
do
do
reorg. 1140
C entral V erm o n t . .reorg.908.98 7 .1138 |
U ta h X N o ..equip.bondsXcoups. 910
C h a tta n o o g a S ou th ern . .....reorg. 1089
C b eraw a C h e a t e r . 1 1 S S ; ttorg.1177 P eco s V a lie v ............................ reorg. 1088
Che**.Ohio & S o u th w e s t.. coup. 868,1170 1 P e o r ia Dec. A E v . ./orecMOU; coup. 1140
Do
d o /oreet.1039,10-6 P h ila . At R e a d .................. /orec(.lU4i,1178
Do
do
..........................,cou p .ll<8
C h icago & N o rth ern P a c ific .. . s o lf . ll76
C h icago x W est M ic h ig a n — c>up. 77b P itts b u r g M a rio n X Chicago.rcorg.1173
C le v e . T e rm . * V*al. (B . X O .) .coup. S2«) P itts b u rg A W e s te rn .d •/. 820, com. 822
P
o
r
t
R
o
y
a
l
&
Aug...sa(e.950;
reorg. 1140
C olum bus A H o ck . C. A L C oto.1087,1176
C olum bus band. A H o c k .......coups. 949 P o r t R o y a l a W e s t. Carolina.reorg. 1140
D uluth A W in n ip e g ...s a te 778,821, 908 g u in e y Dm . A K . C\. jvjreem m t .822,1177
F t. W o r th A D e n v e r C ity . ...c o up.1040 St. Joseph A G r. Is rd .p l'> u .784,870. «50
St. L. A v o y e lle s A So. W ......rec jt .117w
G ran d R ap id s X In d ia n a ......... sold. 1087
G reen B a y W in o n a X S t. P...r*-or</. 821 St. L . K e n n e tt a South.receif.1140.1179
Do
do
___ sold.908,1040 St. L . A San F . . . plan, 804. 822, 829,1042
Do
d o reevrship. 870; coitp.1140
H o u st. E. A W . T e x . .readjustm+nt.idiO
Do
d o ............................ sa/e.11'9
H u d so n T u n n e l R y ................. r«0ro*1177
St. L . Salem A A r k . .. .settlement 1140
Jackson v. L o u is v . A St. L ........ ao/d.1087
Do
do
....... reorg. 869 S e a ttle L a k e Sh. A E a s t. reorg.785, 870
do
do
. .sold.950,1088
J a c k s o n v ille T a m p a 4 K . W „ .salt 821
K a n . C ity A Omftha.reorp. 1087; sa/e.1040 Su m m it Branch R R ........com.1088,1140
T e x a s S ab in e V . A N o . W ...... sale.1179
K e n tu c k y A 1ml. B r id g e ........ coup. 1067
T
o
le
d
o
St.
L
.
A
K
.
C.................reorg.1179
L it t le R o c k A M em p h is........... sale 909
U n ion E le v a to r (St. L o u is ) ..reevrs. 10*2
L o u ls v . E v a n sv. & a t. L
. .coup. 1177
I.ou isv. St. L . X T e x .solA.8$9; reortf.1040 U n ion P a c ific ............loup. 871, 910,10^8
U n ite d S ta tes C o rd a ge, ./oreci.,828, 989
M a rie tta X N . G e o r g ia ...... sale*821, 809
Do
do
new plan 1^40,1086 W h ite b re a s t F u e l................ ..coup. 1140
M em ph is X C h a rles.p la n .821, 809,1041
St r e e t R a il w a y s .
Do
d o .........reorg. 779, 949
M exica n N a tl. R y — readjust. 990. 1189 C h ica go A Sou th S ide R . T — reorg.117
M in n esota A W is c o n s in ........... sa/f.1041 C in cin n ati in c lin e d P la n e ...... eom.1040
N e w 'k Sorn't X Straitsv.(B .A O .)<k /. 820 H u d so n E le c tr ic R y .......... reevr. 1139
N o r f . X W eta . deposits l u l l ; decree 1178 L a k e St. E le v a te d (Chicago).coi*ps. 949
do
do
................ coups. 950 L a n c a s te r (P a . ) St. R y ..........coupon 990
N o. P a c ific ......forecl. 822,990: coup.1178 N a s h v ille T r a c t io n — .......... reorg. 990
do
...... reoro.779.870.1041,1088 S e a ttle C ity R y ............................. sale 950
D u L A M an itob a ,«r(f/«m <nr.ll39,1178 Syracuse S tre e t R o a d s ............. reorg. 950
N o . P ac. a M an lto. Rj.settlement 870 U n ion S t. R y . (D o v e r , N. H .). .sale. 1140

American Tobacco.—Dividend.—The directors this week
declared a 2 per cent dividend on the preferred stock but
took no action on a dividend for the common.—V. 62, p. 907.
American IVater Works (jo.— Opposition to Plan.—The
following Boston banks object to tne reorganization plan
heretofore submitted (C h r o n i c l e , June 13, page 1085): Na­
tional Bank of the Republic, National Bank of Redemption,
National Eagle Bank, National Security Bank. A circular
issued by them says in part:
Especially do w e object to the excessive uinouut o f $360,000 fo r the
com m ittee to spend under their second item of “ cash requirements,”
fo r expenses o f foreclosure, receivership and reorganization, etc. W e
also objeot to the vo tin g trust, whtoh w ill vest iu the committee com ­
plete control o f the proposed new com pany fo r rnahy years to come,
md, it the com m ittee so elects, forever. I f the bondholders w ill sign
and return to the N ational Bauk o f Redemption, Boston, the enclosed
form of dissent, we w ill see that all dissents so received are duly filed
w ith the fa n n e rs' Loan * Trust Co. This is necessary to be done, as
the agreement o f Aug. 16,1883, was so fram ed that unless a m ajority
dissent, any plau submitted w ill be adopted. W e w ill then undertake,
w ithin thirty d a y . o f the rejection o f this plan, to submit one th at
"hall accomplish a reorganization w ith a future prosperity much more
fu lly assured and not calling fo r $300,000 o f the proposed assessments
on certificates o f deposited bonds, and possibly doing aw ay w ith the
entire assessment o f $9*0,000, excep t the * 1 0 per bond which the
bondho.ders are already hound to pay to the com m ittee under ex istin g
agreement.

The circular also contains the correspondence with the com­
mittee anti the changes in the plan suggested by the banks.—
V. 62, p. 1086.
Athens (Ua.) City Water Works.— Foreclosure Sale Conti rm-tf,—Judge Newman has signed the decree confirming the
foreclosure sale of this property at Atlanta to Charles Chauncey Savage for $3,000.
Atlantic Short Line K R .— Ordered Sold Aug. J.—Judge
Speer, of the United States Circuit Court at Macon. Ga,. has
ordered this road to be sold in foreclosure Aug. 4, the mini­
mum price being $210,000. The property was formerly the

B o n d s o u t s t a n d ’y

G uarantee Fund N o t e s ............... $9,00 1,000 00
C & St. L 1st M ortgage.................
1,500,00000
M iscellaneous U nassehted Bonds. 1,^60,950 00
E qu ipm ent Tru st Series “ A ” .......
I,500,0u0 00
G eneral M o rtg a g e.......................... 96,990,500 00

,

B a te %

6
_6
Y ar.
5
4

A n n . In i.

$540,000
90.000
77,410
75.000
3,379,620
$4,662,030

General mortgage bonJs to the amount of $863 0J0 h ive
been issued since January 1, 1896, and a corresponding
amount of said miscellaneous uuassented bonds have been
retired; resulting in a slight decrease of fixed charges, as the
bonds retired carried interest at higher ra es than 4 per cent.
The total annual fixed charges are now $4,650,599, or $387,519
per month.
During the present year a final settlemeat has been con­
cluded with the Mexicaa Government in respect to the
Sonora Subsidy, as the result of which this company now
holds bonds of the Interior Cons didated debt of the United
States of Mexico, bearing interest at 3 per esnt to the amount
of $1,049,800 the coupons of which are being regularly paid.
Cash Assets.—Oa Dec. 31, 1895, the committee held for the
company sundry securities having an aggregate par value of
$13,083,000, including $5,663,000 St. L >uis & San Francisco
consol. 4*, $5,000,000 old Atchison 2nd mortgage, class B,
bonds, $519,000 class A bonds, $955,000 old general mortgage
bonds, etc. In addition thereto, after making allowance for
all expenses of the committee, there remained in their hands
on Jan, 1, 1896, as estimated, $1,000,000 in cash. The new
company therefore received :
Estim ated net cash on Jan. 1,1 8 9 6 ...........................................$1,000,000
A d d proo eed sof second installm ent o f assessment on second
m ortga ge bonds, a bou t........................ .................................. 1,600,000
F rom sundry other accounts.....................................................
100,000
T o ta l estim ated cash............................................................. $2,700,000
This has since been increased b y th e sale on M a y 1 o f the
$5,663,000 St. Lou is & San Francisco consolidated 4 p e r
cent bonds at 35, rea lizin g in cash......................................... 1,971,550
T o ta l........................................................................................ $4,671,550

On Jan. 1, 1896, there was assumed by the new company
accrued interest upon funded debt to the amount o f $1,165,262, being chiefly interest on the new General Mortgage Bonds
for three months prior to January 1, 1896. Cash to the
amount of $1,000,000 was drawn from the abrve monies in
the hands of the Reorganization Committe , and used in pay­
ing said interest when the coupons fell due. Since January
1, 1896, funds have been provided for payment of $2,324,018
coupons, all from the earnings of the property except said
amount of $1,000,000.
The report of the receivers shows:
Th e construction, im provem ent and equ ipm ent ex p en d i­
tures on the system m ileage during the receiversh ip
amounted to ................... ....... ................................................. $2,806,442
The amount of fuel, m aterial and supplies on haud on a ll
the system lines a tth e conclusion o f the reoelvership w a s .$1,307,002
Tlte balauce o f current lia b ilities o v er cu rrent assets upon
a ll the lines o f the present system., w hich w ere assumed
b y the n ew company, deducting assets n ot a ctu a lly a v a il­
able as cash (prin cipa lly fu el, m a teria l and supplies) on
January 1, 1896, w a s............................................................... $1,572,062

—V. 62, p. 1138.

B altim ore CatonsriUe & E llic o tt M ills R y.—(E le c tric )
Ry.— Columbia * Maryland R R .—jVeto Mortgage.—The
B. C. & E. M. Ry. Co. has filed a mortgage to the Safe De­
posit & Trust Co. of Baltimore, trustees, to secure the issue of
$500,000 in twenty-year 5 per cent gold bonds. The road be­
longs to tbe Columbia & Maryland system.— V. 62, p. 908.
Baltim ore & tiliio RR.— Preferred Stock.—Default was
made July 1 on the dividend payable on the preferred stock.
As already stated the holders of this stock are proposing, if
possible, to establish their claim that they have a lien on the
company’s main line ahead of all the mortgages. As to
this contention the Baltimore Daily Record for June 27
publishes in full an opinion furnished by A lfred J. Shriver,
attorney-at-law. This opinion closes as fo llo w s :
S trictly and lite ra lly construed, and not goin g outside o f the papers
which constitute the contract, which is the geueral rule o f eviden ce, I
must say th at w h at is now known as the first preferred stock is n ot
payable, at present, out o f the “ gross,” but out o f the “ net” profits

J

o lt

4 , 1896.]

THE CHRONICLE.

29

o f the rood, and constitutes no lien whatsoever ou the assets or cor­
pus o f the company.
B e lo w , under the heading-‘ Toledo St. Louis & Kansas City,”
is a statement which has been sent us calling attention to the

the first live rears. 4 per cent for tlie second five years, and 5 per cent
for the remainder of their term. Preferred stock will be given for the
back interest, and also for the amount o f the scaled interest ilurinothe ten years. Preferred stock would also he given under the assess­
ment upon the stock. This would give a total o f $4,073,800 6 percent
similar position occupied by the preferred stocks of the B. Sc non-eumulative preferred stock at the end o f a ten-vears term. In
the event of the stockholders failing to pay the assessment of $25 per
O. and T. St. L & K. C.
the bondholders-will he left with the road, against which there
Coupon Payments and Defaults.—The coupons due July 1 share
would be no securities other thau the issue o f $9,300,000 in bonds
on the various bonds of the system were paid or defaulted —Y. 62, p. 1176.

upon as follows :
Coupons due May 1.
Sow treated
B. A O . car trust 4 b s ............... .............................................. Paid.
Bond to City of Baltimore...... ............................................Paid.
Loan of 1-83 extended at 4 p c., payable at w ill.......... — Paid.
Colnmbna A Cln. Midland pref. stock dividend...... ......... ...D efaulted.
do
1st M. 4>*s.............................................................. Defaulted.
Northwest Virginia 6 s nf 1355...................... ........................Paid.
Pittsburg A t'onuellsviUe 1st 7s..............................................Paid.
do
consol. 7s............................................. ................... Paid.
Pittsburg Junction 1st and 2d mortgs.................................. Paid.
Pittsburg Palneevllle A Fairport 1st m tge............................ Paid.
do
terminal mtge .............................. ........................ Paid.
Pittsburg A Western is tm tg e is ........................ -...............Paid.
Sandn-ky Mansfield A Newark 1st mtge. 7s......................... Defaulted.
Staten Island R. T. 2d mtge 5 s . .. . .. . ......... ....................... ..Paid.
Winchester A Potomac interest....................................... ...Paid.
Winchester A Strasburg dividend....... ........ ........... ..............Paid.
- V . 82. p. 1176.

Boston Term inal.— .New England RR.— B o n d s

O f f e r e d .—

Colorado Coal & Iron Development— Receiver A p ­
L. Jerome was on June 24 appointed receiver
of this company on application of the Colorado Fuel & Iron
Co. H. H. Truman, President of the Development Co., says :

p o i n t e d . —John

The receivership was a total surprise to us. Under the terms of the
$700,000 Colorado Coal A Iron 5 per oent bonds, issue of 1889, the
Colorado Fuel A Iron Co. is practically a guarantor of interest and
taxes on the land. The friends o f the Development Co., as well as the
company Itself, have discharged these claims as thev matured- in the
aggregate for three years $170,000. Xu their estimation, the Develop­
ment Co. has a claim against the Fuel Company for that amount. The
last payment of this uatnrc was $17,500 made individually by Mr.
E. J. Berwind, who bought the January 1 coupons. The company
has been compelled to borrow money to meet part of these payment's
and its floating debt to day is between $90,000 and $100,000, mostly
secured by laDd notes and mortgages.

Coupons Purchased.—Coupons due July 1, 1896, fro -n the 5
per cent gold mortgage bonds o f the Colorado Coal & Iron
Development Company are being purchased by Ladenburg.
Thaimunn & Co., 45 W all Street, New Y ork.—V . 61, p, 661.

The Massachusetts Railroad Commissioners have approved
the issue of $6,000,000 in bands by the Terminal Company,
which is about to erect the new Southern Union station in
Colorado Midland RR.— Default on July Interest.—The
Boston. The company showed that $3,000,000 of the loan can Receiver of the Colorado Midland, owing to the strike of the
be used within ten days in the purchase of real estate. The miners, has failed to remit the funds to meet the coupon due
land of the New England RR. Co., which it is understood July 1 on the Busk Tunnel bonds and the Aspen Short Line
will be the first conveyed, is valued at about $2,000,000, the bonds. The coupon due on the Equipment B bonds was paid.
valuation having been determined by three referees. The —V . 63. p. 726.
Terminal Company has advertised for bids for its 3t£ per
Columbus Sc Hocking Coal & Iro n .—Interest on Bonds.—
cent 50-year currency bonds.— V. 62, p. 113$.
On July 1 the company had on deposit with the Central Trust
Brunswick Traction Co.. New Brunswick, X. J . — X e t c Company the full amount necessary to pav the coupons on its
Mortgage.— This company has filed a mortgage for $500,000 first mortgage bonds. The trust company, however, was ad­
to the Fidelity Title St Deposit Compauv of Newark.— V. 61, vised hy its counsel and also by counsel to the bondholders'
p. 966.
committee not to pay out the money until after the adjourned
Buffalo Rochester Sc Pittsburg Ry.— P i t t s b u r g E x t e n s i o n . hearing in the foreclosure proceedings on July 6. The Court
— The company has completed the survey of a route extend­ adjourned the hearing from April 28 to the date mentioned
ing its line from the present terminus at Punxutawnev to ‘ •in order to see whether the payment of the July 1. 1896, in­
Pittsburg, but nothing definite has yet been decided upon as stalment of interest shall be paid or defaulted.” As the
money has been paid to the trustee, the company is not in
to constructing the line.—V. 63, p. 908.
and it is assumed that the application for the appoint­
California Sc Nevada RR.— F o r e c l o s u r e Suit. —The Central default,
ment of a receiver will be dismissed unless it is retained
Trust Co., as mortgage trustee, has brought suit to foreclose simply
determine whether the defendant company is
the $3,OUO.OOO mortgage of 1894, under which $545,000 of 6 bound totopav
trustee's costs and expenses. The only cou­
per cent bonds were i-wued. No interest has tieen paid. The pons paid Julythe1 were
on a few bonds not deposited with
action was precipitated by the suit of Charles H. Smith, filed the committee.—V. 62.those
p. 1176.
May 88, to declare the bonds illegal. A new receiver is
Dejiosits o f Stock.—The time for deposit of stock with the
asked in place of C. B. King, appointed on motion of Smith. Farmers' Loan Sc Trust Company has been extended to
The company has been operating from Emeryville to Bryants, July 10, after which date no stock will be received except
Cal., 31 miles.
upon the payment of a penalty of 25 cents per share, and
Central of Georgia Ry.—Georgia Southern Sc Florida By. then only at the discretion of the committee.—V . 62. p. 1176.
Sunt her a Ry.— S t o c k C o n t r o l — On June 29, it was shown
to the Georgia Commission that 49.991 of the 50.000 nhares Consolidated Kansas City Smelting <fc Refining Co.—
of stock of the Central of Georgia Rv. are held by Messrs. Listing of Preferre I Stock.—This company's 7 per cent cumu­
Thomas St Ryan, of New York, while President H. M. Comer lative preferred stock was listed last week on the New York
and each of the eight directors hold but one share each. Pres­ Stock Exohange. The full text of the resolutions of the
ident Comer stated to the Commission that the Southern stockholders increasing the capital stock and stating the
Railway Company does not own a dollar's worth of the Cen­ terms as to the rights of the preferred stock is given in the
tral stock, and so far as he was concerned it never would. application to the Stock Exchange, which we print at length
For the Georgia Southern Sc Florida, General Counsel Judge on a subsequent page.—V. 62, p. 1176.
lies Moines Sc Fort Badge RR.— Annual Statement.—The
Hail admitted that the Southern Railway Company owned
10,000 of the 27,000 shares of stock, but denied that the income account for the year ending Dec. 31,1895. is furnished
Southern exercised or could exercise, if it wanted to. the as follows :
control of the line by reason of this holding, as the firm of Bsl. from previous y ear.. $10,617 I Interest on bonds......... $104,280
1,322
Edwards Sc Parsons of Birmingham hold 7,000 sh ires, which Keutal for 1895............. 144,523 Misoel. expenditures ...
Miscellaneous Income___ 11,393 1Dlv. (6%i Aug. 1, 1896,
was the balance of control.— V. 62, p. 908, 1138, 1177.
.jt
|preferred stock................ 45,756
Central Vermont RR.— C o u p o n P a y m e n t .— The bind- Total Income............... $168,563 1 Balance ill treasury___ $14,605
holders' committee gives notice to holders of the Con­ —V.
61, p. 195.
solidated Railroad of Vermont 5 per cent bonds that
D istillin g & Cattle F eed in g—American Spirits Manufac­
the July coupons of the above bunds deposited with this com­ turing—
N e w S e c u r i t i e s Ready J u l y 0.— Notice is given to
mittee have been paid and certificate holders mar obtain their
o f reorganization certificates that on and July 6, 1896,
interest by presenting their certificates at the American Loan holders
ihe Manhattan Trust Co. wilt be prepared to receive the said
<fc Trust Company, 53 State Street, Boston. A11 those bond­ certificates
for conversion into securities of the American
holders who have not already deposited their bunds are earn­ Spirits Manufacturing
Co., as provided in the plan of reorgan­
estly requested to do so iiefore July 10th.
Besides the interest on the bonds of the Consolidated RR. ization.—V. 62, p. 907.
Dabnqne & Sionx C ity Ry.— Cedar Falls & Minnesota
Co. of Vermont, due July 1. amounting to $175,000, the U. S.
Circuit Court has authorized the receivers to pay the interest RR.— Illinois Central U R — C o n s o l i d a t i o n . —N e w B o n d s . —
on equipment bonds to July 1. amounting to $13,000 : also in­ The stockholders of the Dubuque Sc Sioux City, at Dubuque,
terest on the floating dehf. secured by collateral, not to ex on June 25, voted to amend the articles of incorporation, in­
creasing the capital stock and giving power to incur indebted­
ceed $20,000.— V. 62, p. 1138.
Chicago

Sc

South Side Rapid Transit —Ordered Sold in

— At Cnicago on June 29 Judge Hanecy entered a
decree of foreclosure under bo'h mortgages, ordering a sale
of the property after sixtv day*' advertising. The upset
price i t fixed at $4,000,010. Fur principal and iotj reat there
is due on the first mortgage $8,172,812. on the extension m >rtgage $3.237.*93. The findings of the Master show the receiver
now has in his possession $211,887. while there is hel 1 bv the
Northern Trust Co the sum of $103.3 il belonging to th» Cu.
Sc 8. 8. R. T. Co.
The decree of axle is the resultof the agree­
ment referred to last week
R e o r g a n i z a t i o n P l a n . — The Chicago T r i b u n e gives the fol­
lowing additional particulars as to the proposed plan:
The plan provide* te w b oat* shall bs Issue 1at oar I »r the U-wt m ort­
gage boorla and at the rate of 6-1 per Cent o f the face value of tb * bond*
in ease e f tbe *eenn t we-tlon bonds. Till * arid make a new issue of
♦9.300.000 bearing Interest, will be paid at the rate o f 3 per cent for
fo r e c lo s u r e

ness in order to ahsorb the Cedar Falls & Minnesota. Of the
Illinois Central Western Line bonds for $10,000,000 (secured by
first mortgage of the Dubuque Sc Sioux City Co.) $1,875,000 are
reserved unissued until the Cedar Falls & Miunesota shall be
transferred free and clear of incumbrance to the mortgage
trustee. Consequently on merger of the Cedar Falls & Minne­
sota, recently sold in foreclosure, into the Dubuque Sc Sioux
City, the plan for issuing the $1,875,000 additional Western
Lines bonds can be carried out.—V . 62, p. 1039.
Empire State Bank. — Bank Dissolved.—This bank, organ­
ized under the laws of New York in 1889, has been finally
dissolved by an order of the Supreme Court.
Georgia Sc Alabama Ry.— C o u p o n P a y m e n t . — T h e coupons
due July I on the first consols were paid in cash, the earnings
of the road making it unnecessary to pay them in scrip, as
permitted for first five years by mortgage.—V. 62, p. 1040.

80

THE CHRONICLE.

[V

o l

.

LX iII.

New York Telephone— Metropolitan Telephone ft Telegraph— Westchester Telephone.— Business Consolidated.—
The New York Telephone Company, recently organized, has
formally taken over the business of the Metropolitan Tele­
phone & Telegiaph and Westchester Telephone companies.
It is said there will be no dissolution of the old corporations,
but the business will be managed by the New Y o ’-k Teleobone
Jacksonville Louisville & St. Louis Ry.—J icksonville & Co. The stock of the two old companies w ill participate
St. Louis It It.— The Jacksonville Louisville & St Louis Ry., equally in such dividends as the earnings will warrant. The
recently sold in foreclosure, was turned over to the new com­ officers of the New York Telephone Company are the same
as the officers of the Metropolitan corporation, v iz .: Presi­
pany. the Jacksonville & S*. L^uis RR , on July 1.
Reorganization Plan.—ATetc Securities —The new company dent, Charles F. Cutler; Vice-President, Joseph P. Davis;
Secretary, John H. Cahill, and Treasurer, W illiam H. Driver.
will issue the following securities:
V. 62, p. 1139.
First eomollditfed 5 per cent gold bonds due Oct, 1st,

U rar’H I'oln t Term inal Hr.—St. Louis S mthirostern Ey.
—AVir Mortgage.—The stockholders of the Gray’s Point Ter­
minal By. will meet Au*. 31st to authorize the making o f a
niorUraKt* for not exceeding $500,000 for the completion and
famishing of i s line of railroad from Delta, Mo., to Gray s
Point (on the Mississippi Elver).—V. 93, p. 988.

1925, Interest A. «fe O., secured on road fr»m Jacksonville
to O n trail*. To he given at 85 per cant to depositors of
old consols pro r*»ta. for an assessment of 25 per cent of
their present holdings, realizing $ 29 7 ,5 0 5 .................... $350,000
This mortgage may he increased to $650,000 to pav off at
maturity the present exls'lng Jacksonville South E istera
6 per cent bonds due 1910 secured on road from Jackson­
ville to Lltohfleld............................................ ...........- -*•
300,000
Income 1 per cent bonds, secured on road from J icksonville
to Centralis, due Jan. 1st, 1935 interest non-cumulative,
to be paid only in so far as earned, payable J in. and July
1st. •o be given at p ir to holders of the $1,380,000 old
consols lepositlng the a une with the co nmittee for prin­
cipal and overdue interest thereon ($202,090), leaving
$68,000 In the treasury................. ................................... 1,650,000
Share capital, placed in a voting trust for ten years, or to
terrain »te whenever the r.»ad earns and pays for five
consecutive years 4 per cent o 1 the income bonds. The
trustee of the stock to^be elected bv the income bond­
holders. who shall elect live diiectors (o m mage the road,
one of whom shall be a stockholder; $30 \00>) to be dis­
tributed to boilers f tbeold consols who pay their assess­
ment Above pro 1.h d for, and the rein kinder to the secur­
ity holders underwriting the plan.... ............ ........ .......... 1,500,000
Distribution of the $297,500 from oish assesunmt is propose! as
follows: Payment of receivers’ certificates and unpaid Jacksonville
Southeastern coupons, *150.000; foreclosure and reorganization
expeusesr. $13,001; terminals at Jacksonville, L iteb leld and Centr ilia,
$10,000 ; equipment, $75,090; bettsrmeuts, $40,590.—V. 62, p. 1087.

Now York & Queens County R f —Steinway Ry.— Incor­
poration.— The New York & Queens County Ry. Company
was incorporated at Albany June 26 with a capital stock of
$2,590,000. This company, the bonds of which were offered
for subscription in December last by D/exel & Co. of Phila­
delphia will be a consolidation of the Stein way Ry. Co. of
Long Island City, the Newtown Rv. Co., the Riker Avenue &
Sauford’s Point RR. Co. and the Flushing & College Point
Electric Rv. Co. The directors are : Rudolph T. McCabe,
Benjamin Orme, Walter Pease of New York City, and Ed­
ward J. Matthews, Edward T. 3totesburv, Caleb F. Fox.
W illiam Shelmerdins and R. E. Cowen of Pnilid-lphia. See
statement as to enterprise in the C h r o n ic l e of December 14,
1895, page 1065.—V. 61, p. 1065.
Oregon Short L ’ ne & Utah Northern Ry .— Reorganiza­
tion Notice.—Notice is given to the securities disturbed

that until July 15, 1896, the bonds may come in under
the plan on payment of $5) penalty per bon 1, an 1 th o stock
may be deposited on payment of §1 per share in addition to
the required assessment. See our advertising columns.
After July loth d ‘posits w ill be received only in the dis­
cretion of the committee and upon payment of a penalty of
$100 per bond and $2 per share of stock deposited —
Joint Traffic Association.— Canadian Pacific Joins Tentalively.—It was agreed this week by President Van Horne that V. 62, p. 1140.
the Canadian Pacific should join the Joint Traffic Associa­
Providence & Springfleld R R .— New England R R .— New
tion tentatively, with right to withdraw at any time on thirty Lease.— At Providence June 27, the stockholders of the Provi­
days’ notice in case the agreement does not operate to the dence & Springfield ratified the modified lease to the New
company’s benefit,—V. 63, p. 988.
England RR. This lease, it is understood, is substantially the
Long Island R R —M r . Corbins Stock,—The will of the late same as the lease to the old N ew York & New England, ex­
Austin Corbin, President of this road and a large owner of cept that under the terms now in force dividends at the rate
its stock, is said to provide that his stock in this and other of 4 per cent per annum are payable semi annually on the
corporations shall be given to the executors in trust to hold stock, as against 6 per cent under the old contract. The lease
during the life of Mrs. Corbin. A fter her death the property runs till July 1, 1989. —V. 61, p. 1014.
is to be divided among the children and grand-children
Rutland RR .— Coupon Payment.—The coupons dus July 1
but the executors, it is said, will have power over it.
on the consolidated bonds were paid when due. This road is
Officer.— The directors have elected Edgar S. E igell, son- now operated independently of the Central Vermont. See
in-law of Mr. Corbin, Vice President of the company, but no V. 62, p. 868.
decision has been made as to the Presidency.— V. 63, p. 949.
St. Lawrence <ft Adirondack R y .— Consolidation.—Tnis
Louisville St. Louis & Texas Ry.—Lou isville lleuderson company was consolidated on Thursday with the South western
& St Louis Ry.— New Securities R lady July 10.—The reorgani­ Ry. Co. of Canaia. The consolidated company has a capital
zation committee announces that on and after July 10 the re­ stock of $1,090,000. The directors are W illiam Seward Webb,
organization certificates representing the bonds may be ex­ of Shelburne, Vt.; Chauncey M. Depew, E lgar Van E-,ten,
changed at the State Trust Co., 100 Broadway, N. Y., for the
John Jacob Astor, Charles H. B irn ett and Henry L . Sprague,
new securities to which they are entitled under the plan.—V. of New York; Martin E. McCtary, of Malone; Edward C.
63, p. 1040.
Smith, of St. Albans, Vt., and Reuben W . Leonard, of BeauMarietta ft North Georgia RR.— Atlanta K n oxville & harnois, Quebec.—Y . 62, p. 1140.
Northern Ry.—Co Receiver.—Eugene Spalding of Atlanta
St. Louis & San Francisco R y.—Sold Under Foreclosure.—
has been appointed a co-receiver of the Marietta & North
Georgia Railroad. He represents the syndicate that bought The St, Louis & San Francisco Ry. was sold under foreclosure
June 27 to E. C. Henderson, counsel for the Reorganization
the road.—V. 63, p. 1086.
Committee, for $1,250,090, the uoset price. There was no
Memphis & < harlestou R R .— Foreclosure S u it—Bills for other bid Oa the same day Judge Thayer confirmed the
the foreclosure of the 7 per cent mortgages are being filed and sale. He also confirmed the sale to the same persons of cer­
it is the intention of the Iselin reorganization committee to tain lands, stocks, etc., not covered by the consolidated m ort­
push the proceedings as rapidly as possible. Under the Iselin gage, for $25,000.
plan (V. 63, p. 457) it is provided that the Southern Railway
Contracts and Stocks Discarded.—Subsequently the pur­
shall own the stock of the reorganized company.—V. 63, p. chasers filed notice that they did not intend to assume cer­
tain obligations of the former Frisco, twenty in number, in­
Minnesota & Wisconsin R R .—Sold in. Foreclosure— A t cluding the “ tripartite agreement” between the Frisco, the
Hudson, Wis,, June 35, this short road was bid in at fore­ Santa Fe and the Atlantic & Pacific companies, and other
closure sale for $80,000 by Maurice Auerbach, represent- contracts connected therewith. The purchasers also gave
mg the St. Paul Trust & Title Insurance Company, the notice that they elected not to take the stock of the Kansas
mortgage t rustee. Receiver Dewey, at Medford, Taylor County, Midlani Ry., the St. Louis Kausas & Southwestern RR , th9
Wis., on June 34, also sold to a kindred syndicate all the lands Kansas City & Southwestern RR, and the St. Louis Salem &
Arkansas Ry.
and manufacturing appliances, embracing 50,000 acres of
New Company.— At Jefferson City, Mo., on June 30, was
timber and mineral lands and other property to the amount
of $330,000. The receiver still has the Eagle Iron company chartered the St. Louis & San Francisco Railroad to take over
the property sold as above stated and to issm the new securi­
plant at Spring Valley to dispose of.—V. 62, p. 1041
ties described in the reorganization plan on page 829 of the
Missouri Kansas ft Texas Ry.-New Stock Listed.—This C h r o n ic l e for May 2, 1896. Tne president and directors of
S2n?-,,< ^ L h“ li? fd on ,he New York Stock Exchange the the new company were given last week. The new company
So,4.4,000 stock recently authorized in order to absorb bv took possession at midnight, June 30. —V. 62, p. 1179.
ccnsolidation the following subsidiary lines :
St. Louis Siloam & Southern RR —Mortgage for S3,000,000
K * nsa* & Eastern Ry., extending from Bo<
Fated.—This company, of which Col. H D. Mackay of St.
viil* Btidae to M. Lou:*, forming the entrance into that city.
.Scromt 1.»io 8t. Lanti* At K »ii 8hh City Rv., from a point on the m i
Louis is President and chief promoter, has filed a mortgage to
V ’, 11" 1:1' ' " ’ ,hl‘ * :,uiti nr the St. Louis aud Ks
the United States Mort, & Trust Co. and Thos. Jefferson Portis,
port
11V 7 n,‘. r n for,1,ln* “ through line between the two 1
trustees, to secure $8,000,000 bonds to be issued for the con­
struction of its road from Fort Smith, Ark., to St. Louis, Mo.
„ r A‘ r,,7 j U:'„8o" th,v,>8,eni Mineral Ry., extending from the tnt
line south of Pursoue, 17 rnll-e, to the company's co l oroDerrlM
The company was incorporated June 15 w it a authorized
southea.tHrn Kaue.is.—V. 02, p. 1087.
c r
eu u properties
capital stock of $5,000,000: par $100.
New Orleans & Southern UR.— Foreclosure Sale Ordered
Sandusky Mansfield & Newark R R .—Default July 1.—
udgo
ir l *.', in too Unite I States Circuit Court at NPresident Gardiner, of this company, advertised this week
Orlears on June 26 ordered the foreclosure sale of this roi
that the coupons on the consolidated mortgage bonds due July
tn New Orleans, after eight weeks’ advertising.— V. 62 p 5<j
1 would not be paid, owing to the receivers of the Baltimore

JOLT 4, 1896.]

THE CHRONICLE

& Ohio RR. not being in funds. He adds: “ W e are assured
that the net earnings of this road w ill be applied to the pay­
ment of the rental, and think it is only a question of a few
months when the coupons will be paid."
Second Avenue Traction.— Federal Street & Pleasant
T a lley Ry.— Pittsburg Allegheny Jt Manchester Traction.
— Consolidation.—As to the consolidation, the following from
the Baltimore Sun is pronounced substantially correct:
Arrangements are satisfactorily progressing for the consolidation
of a number of street railways at Pittsburg. Pa.. ttie entire oap it.l
being furnished by Alexsuder Brown at Sons, of Baltimore. So far
lines with an aggregate o f 115 miles have been secure 1 and negotia­
tions are in progress for several others. The Pleasant yalley Railway
Co.'s property, embracing 3U miles o f road, has been seen red by pur­
chase. Under the terms o f this sale the majority stockholders w ill re­
e l ve $25 a share, the par value, for their stock and 6 p. o. lntere-t in
January nest. The minority stockholders are to receive $2125 a share
and-5 percent Interest in January. The Pittsburg Allegheny
Wanchesler
TraeUon Co.’s Hue, with 2o tulles o f road, and the Second Avenue
Traction Co.'s property.Including 62 miles o f road, have also been
secured.
A new company will be organized to operate these lines and any
others that may be seonred- It is expected to reduce materially the
operating expenses by having but one managerne d for the consoli­
dated properties A number o f improvements are planned to Improve
the facilities oi the various lines.

A statement that is not confirmed is to tin effect that the
stockholders of the Manchester company will be allowed $>0
per share for thtir stock, with 5 per cent interest.—V. 62. p.
989, 11T9.
.Susquehanna & Tidewater Canal.— S o ’. d a t A u c t i o n . —
This property, with the Columbia dam and appurtsntnces,
was sold at public auction last Saturday aid bought fo'
$80,000 by fulge E, D. J. Cross, attorney for the Balcim r .2
& Ohio.—V. 61, p. 473.
Tehuantepec .National Ry. (Mexico).— D : a s e .— It is an­
nounced that the Mexican Government has leased this road
to Messrs. Pierson & Son of Lindon for fifty years. TheG iverneceot contributes $150,000 per month during three years
for the remaining construction of the road, during which
time the less*es obligate themselves to have the line in sub­
stantial condition. The completion of the road proper was
announced by President Diaz to the Mexican Congress some
time ago : but it remained to provide costlv harbor and ter­
minal facili'ies at C •alztcoslcos, on the Gulf, andto build a
pier half a mile long to deep water at Safina Cruz, on the Pa­
cific. It also remained to rstablish fully the system of oper­
ating the road, andto provide for trans-shipment by lighters
until the piers should be ready. After three years the re­
ceipts of the roid are to be divided between the Government
and the lessees on a varying scale for each period of ten years.
Th •road runs between the Port of Coatzacoalcos, on the Gulf,
and the Port of Salina Cruz, on the Pacific Ojean.
Tennessee Coal A Iron .— S te e l P l a n t P r o je c t — The project
of constructing a steel plant at Birmingham determined upon
some months ago is held in abeyance, owing to the inability
to secure on advantageous terms all of the one million dollars
required.— V. 63, p. 932.
Terre Hants A Logan-port RR.— D e f a u l t .— The coupons
due July 1on the first mortgage bonds remain unpaid.
Toledo 8t, Lonlg A Kansas City RR — Btltlm ore A Ohio
RR .— S t a t u s o f P r e f e r r e d S to c k — Sir. James M. Quigley, the
lawyer who is prominently identified with the preferred
stock of the Toledo St. Louis & Kansas City, furnishes the
following, in connection with suit now on appeal to establish
the lien of that stock on the property of the company :
Tbs B tit'm ors A Ohto Brat preferred stock sod tbs Toledo 8t. Lout*
A Knots.* C lu RR. preferred stock present much the same qucstt'io*
for the decltl.in o f the m arts Both »re its ted to be Hen* ; the like­
ness to a hood to th* latter being carried to the extent that It ran* to
bearer and does not entitle the holder to vote at stockholder*' meatllA
The B, A O 6 per cent preferred has sold as high a* 110. It w t i
Issued to the State o f .Vfarylaid. and afterward bought as an Invcstment o f the highest e l««* by universities and hospitals. A committee
has been formed to look after th* Interests * f the entire body of h ilder» and counsel are confident the courts will hold that the preferred
stock ts the first lien on the B A O. property.
The preferred sto k o f ih eT . St. L. A K. C. RR was Issued by the
Company In payment for the completed railway from Toledo to St.
Louis, at foreclosure »a'e. fhe certificate* renl as follo w s:
" This stock constitutes a lien upon the property and net earnings of
the Company near alter Iho Company's existing firs m>rtg*ge. The
Oompnoy will create no mortgage of Its to sin line other than Its first
mortgage. nor of anr p trt thereof except expressly subject to the
prior Ilea o f this eert'floste.’ '
The u lo tio n Is Is this stock a lien according to Its terms as against
creditor# I

The case will be argu<vl next week in Cincinnati before the
Appellate Division of the LT. 9. Circuit Court. Ex-President
Harrison and ex-Judge Doyle of Ohio will appear for the pre­
ferred stockholders.— V. 62, p. 1178, 1179.
Colon Pacific RR.— Coupon P a y m e n t .— Coupons due July
1, 1896. on the collateral trust 6 p-r cents of 1879 were paid at
maturity at the L'r.ion Trust Co , New York.— V. 02, p. 1098.
IV alush RR . — I n t e r e s t o n “ A " D e b e n t u r e s .— The directors
Wednesday declared a dividend of 1 per cent on the deben­
ture “ A " bonds. The statement for the year ending June 30,
it Lastated, wid show a surplus of about 2 per cent applicable
to dividends on these bonds, but it was considered conservative
to apply only Half of the surplus to the bonds. Tne last payroeuton '.he “ A " bonds was 6 per cent in 1893 — V. 62, p. 1042.
Weatlnchonae Electric A fianufaetnrl nij Co.—Stock to be
Listed July i d . — The $3,000,000 additional assenting stock re­

cently auth wiz-d will oe added to the official fist of the New
York Stock Exchange on July 16, making total amount listed
$8,195,126.- V . 63, p. 1042.

31

departs and JJacmueuts.
S O U T H E R N PACI FI C R A I L R O A D C O M P A N Y
OF C A L I F O R N I A .
A B S T R A C T OF T H E A N N U A L REPO RT FOR TH E Y E A R
E N D IN G DECEMBER 31, 1895.
N e w Y o r k , May 30, 1896.

Mr. C. P . Huntington, President Southern Pacific Co.:
Sir : In accordance w ith your request, I submit here­
with report showing the property owned and the financial
condition o f the Southern Pacific Railroad Company of
California, a constituent company o f the Southern Pacifio
Company, for the year ending December 81, 1895.
The mileage at the close o f the year was as fo llo w s:
Miles of ro.nl owned, Including line from Mojavo to the
Needles*.................................................................................1,913-430
Leased: Sau Bernardino to Motor Junction................ ........
7-237
T otal................................................................................... 1,920-667
Second track............................................................................
12-237
Sidings...................................................................................... 400-370
2,333-274
• The line between Mojave, C a l, and the Needles, 242-51 miles in
length, I* lea*ed. anil contract delivered for Its sale, to the Atlantic &
Pacific Rallroa l <♦mpuny. that Company paying a* rental an amount
equal to the Interest oo the bonds which were issued in respect of said
Hue. This rental amounts to the annual sum o f $436,266, and Is
treated aerental received for account of Southern Pacific Railroad o f
California iu the aeeouutlug between It and tho Southern Pacifio
Company.

There was added during the year the follow ing additional
mileage : Extension o f the Coast Division, San Luis Obispo
t 1 1 tuadalui*'. 2l'U miles ; Short) to Pasadena, 4 834 miles;
Guadalupe to Lake. S'399 m iles; Bassett to Covina, 9-557
miles, a total o f 42-690 miles o f main line and branches, and
5-542 miles o f double track from Los Angeles to Shorb.
II.

C A P IT A L ACCOUNT.

The bonded debt outstanding at the close o f the year con­
sisted o f :
1895.
First mortgage six per coat bonds under
mortgage o f A p ril 1, 1 8 7 5 Due Ap ril 1, 1905................................. $12,819,500
Due October 1, 1905.................
4,651.000
Duo Oe toiler 1. 1906.............................. 8,073,000
Due April 1,1912................................. 5,121,000

1894.
$12,953,500
4.711.000
8.111.000
5,154,000

Issued against the mileage shown under $30,667,500
Division I.*

$30,929,500

First mortgage six por cent bonds o f the
Southern Pacific Branch Ry. bonds, due
Ap ril 1,1937......................... .................. $3,578,000
Issued against the mileage shown under
Division II.*

$3,578,000

First m ortgage live por cent bonds, due
January 1,1905, of the Stockton A CopperopoUs R R ...........................................
Issued against the mileage shown under
Division III.*

$500,000

$500,000

Fir*t mortgage live per cent bonds of 1888,
due October, 1938...................................
$698,000
First mortgage fire percent bonds of 1893,
due November, 1937............................... 16.883,000

14,445,000

$1,471,000

Issued again-1 the mileage shown under $17,581,000
Division IV .*

$15,916,000

$52,326,500

$50,923,500

Total

[•These divisions are given in the pamphlet report.—E ds .]

The changes in the bonded debt have been as follows :
Five per cent homls o f 1893, issued for construction of new
lines, terminal facilities anil additional rolling s to o k ...... $1,665,000
Five p «r cent bonds of 1893, Issued for a like amount o f five
per cent bonds of 1888........................................................
773,000
Six per cent bonds under mortgage of 1875, purchased and
canceled...................................................... ........................
262,000

The capital stock outstanding at the close of the year con­
sisted o f 700.061 shares, o f $100 each, amounting to $70,006,100, o f which $68,162,250 is owned by the Southern Pacifio
Company. There was issued during the year capital stock
to the amount o f $1,603,200, in payment for construction of
new lines.
There was expended during the year for betterments and
additions, and charged to capital account, $273,364 20, de­
tails o f which are shown on Table No. 8.
The amount of six per oont bonds Issued under the mort-___ ____
gage of April, 1875. amounted to ....... .......................$39,28o,000 00
Purchased and canceled from proceeds from
sale o f lands....... ...... ............................. $8,205,500
Purchased and canceled from contributions
to company's sinking fund..............................412^000 g ^
g00 Q0
Outstanding December 31, 1895...........................$30,667,500 00

The company has toward the redemption of said bonds the
following assets:

THE CHRONICLE.

32

$1,157,700 00
3,17”».542 55
306,920 00

Invented in bo&dft.......... ............... ••**-........ ........
Principal of deferred payments on Innas sola......
Cash (invented in part aiucc the close o f the year)

iug statement of their mileage, earnings and expenses is
submitted :

$4,700,162 55

r ears.

Tin- bonded debt outstanding at the close o f the year,
eliminating therefrom the $7,971,000 bonds o f the Moja^ve
Idvl-don |« ! initially leased to the Atlantic & Pacihc Kh: for
rental equal to the interest on said bonds, averages 5>~o.0 6 5 .".i i» r mile of road, and the annual interest charges
thereon t o $8J522.">11. or $1,500 70 per mile of main lm e .
III.

1895.
, $916,808 67

1894.
$526,322 26

76,150 66
61,064 46

79,571 06
42,832 50

$1,051,023 79

$648,725 82

$4,287 88

$29,523 34

53,544 22

57,902 92

36,170 83

26,944 16

201,044 29
21,277 48

195,459 40

4 [lu pamphlet].....................................
Earnings of company’s sinking funds—

C karats—

General expenses....................................
Balance of taxes and expenses for ac­
count o f granted lands........................
Premium paid on 6 per cent bonds nuder
mortgage o f April 1,1875, bought and.
eanoeled................................................
Income applicable to redemption of 6
per cent bonds under mortgage of
A p iil 1 ,1875, including annual contri­
bution o f $100,000 to company’s sink­
ing fund................................................
Interest on open accounts....................

$309,829 82

..$737,699 09

$338,896 00

T R A N S P O R T A T IO N O P E R A T IO N S .

The earnings, operating expenses, taxes, interest on
bonded debt, and other charges appertaining to the property
leased to the Southern Pacihc Company, for the year 1895,
as reported by the lessee, have been as follows :
Gross Earnings—
PoA.neuger................
M idi........................
Express...................
Excess baggage.......
Sleeping car.............
Freight....................
C’ .ir mileage............
Locomotive mileage.
Telegraph................
Sundry.....................
Rental.....................

1895.
$2,871,650 17
193,625 72
175,478 79
31,650 36
221,084 52
6,847,497 63
18,908 86
2,250 64
32,572 00
36.457 44
39,258 30

Total gross earnings................ $10,470,43443
Operating Expenses—
Mam. of way and structures___ $1,561,852 55
Maintt-uanec of equipment...........
1,034,38932
Conducting transportation........... 3,255,87638
General expeiinc*..........................
550,63752
Total operating expenses... $6,402,755 77
Earnings over operat’g expens. $4,067,678 66
Rental from A. & P. RR, for
road from Mojave to The
Needles..................................
438,266 00
Miscellaneous rentals..........w .
97 20
Total receipts....... ............. $4,504,041 86
I

Other E xpenditures—

Rental for Bio i •rnatdtno i

$338,863 26

During the
year 1895.
Inc. or Dec.
inc. $160,643 53
inc.
31,284 55
inc.
13,447 66
inc.
3,312 40
inc.
1,822 99
inc.1,270,373 18
dec.
21,563 10
dec.
861 86
dec.
48100
inc.
6,596 32
inc.
6,624 26
inc.$1,471,198 93
inc. $276,631 69
inc. 163,609 76
inc. 305,831 41
inc.
1,34135
inc. $747,414 21
inc, $723,784 72

dee.

1,67816
.
1,634-68
1,618-62
.
1,536-37
.
1,474*54
.
1,283-41
.
1,244-01
.
1,094-51
.
933-57
.
.
842-07
755*57

$
10,470,434 43
8,999,235 50
10,669,222 56
10,231,484 30
9,279,822 50
8.696,470 45
8,260,004 23
9,576,658 33
5,977,218 18
4,943,956 32
3,706,462 78

Burnings

|

Surplus.

$
$
4,067,678 66 2,896,347 51
3,343,893 94 2,797,842 64
4,603,102 3712,704,890 96
4.341,665 1612,659,289 60
3,851,547 8512,594,813 85
3,251,639 23 2,561,800 22
2,674,956 61.2,575,576 13
2,970,580 64,2,274,321 49
1,971,372 64,1,801,301 29
1,879,989 39i 1,700,584 63
1,672,891 84 1,523,909 82

$
1,171,331 15
546,051 30
1,898,211 41
1,682,375 56
1,256,734 00
689,839 01
99,380 48
690,259 15
170,071 35
179,354 76
148,982 02

The 242-51 miles, Mojave to The Needles, are not included
in the above mileage, and the amount o f fixed charges is
less by the .$436,206 rental received from the A tlan tic &
Pacific RR, Co. for said line.
Although the wheat crop of the State was only about
20,779.832 bushels, against about 26,071,010 bushels in 1894,
the prices received were from 14 to 18 cents per cental
higher than in 1894. There was a marked increase in the
yield o f barley, which was about 720,000 centals greater
than in 1894. The export of Horn- shows an increase of about
200,000 barrels.
Although wheat w ill continue to be one of the staple crops
of the State, the steady fall since 1882 in prices has caused
the people of the State of California to turn their attention
to the creation of new industries and to the development o f
the many other resources in which the State abounds. The
shrinkage in the value of the wheat exports of the State be­
tween 1882 and 1894, although great, has been in part offset
by large gains in new industries.
According to the report of the California State A gricu l­
tural Society for the year 1895, the fru it industries show a
gain in the shipments between the above periods as follows :
1894.
Pounds.
Fresh fruit..................................................... 179,574.800
Dried fruit..................................................... 102,510,800
Raisins........................................................... 93,826,400
7,829,000
Nuts...............................................................
Canned fru it......................................
105,325.200
Citrus fruit.................................................... 143,390,720
632,456,920

1882.
Pounds.
7,919,340
4,532,350
865,770
.......
25,163,190
21,000,000
59,480,650

Although the prices of the above products in 1894 were
much less than in 1882, there has been a gain in the returns
from these products of about $13,315,000. The cultivation
of sugar beets, a new industry commenced in 1890, reached
in 1895 an output o f about 49,000,000 pounds o f beet sugar,
and exceeded by about 14,000,000 pounds the output for the
year 1894. The State of California offers a large area of land
especially adapted for the profitable cultivation o f sugar
beets, and a steady increase in the output of beet sugar may
be therefore confidently expected. Oil has been found in
considerable quantities in the southern parts of the State,
and the output in the vicin ity o f Los Angeles is estimated
at about 3,000 barrels per day. Large quantities o f bitum i­
nous rock, containing an exceptionally high percentage o f
asphalt, has been found in several parts of the State, and is
being exported to Eastern cities for paving. The many other
special products of the State are too w ell known to require
repetition here, and mention has only been made o f the
recently developed industries o f importance to emphasize
the varied resources o f the State o f California. The general
business depression extending over all parts o f the United
States since 1898 has, as in all the other States, temporarily
checked the development of the material resources of the
State. W ith an improvement, however, in the general
business situation, there is no reason why the many advan­
tages that the State o f California offers for profitable farm ­
ing and other profitable enterprises should not attract the
large increase in population which the various agricultural
societies of the State and others interested in its welfare
are earnestly moving to bring about.
The following tables are submitted in respect to the finan­
cial condition and transactions of the company for the year.
Respectfully,
WM. M AH L,

Comptroller.

79 80

inc. $723,704 92

CO NS O LI D AT E D KANSAS C I T Y S M E L T I N G
& REFI NI NG C O M P A N Y .

inc. $71,989 37

Redlands R R .......... .............
Rental for terminal facilities,
San Francisco ......................
Rental for shop facilities, Sao
ramento.................................
Miscellaneous rentals.........!* !!

46,506 00

ino.

28,276 37

d e b t "........

2,913,065 08

inc.
dec.
inc.
dec.

Interest on open accounts.........

Gross
Jfiles o f
Road Transp' rtati'n
Earn
ings.
Operat'd.

T o t a l..

. $316,324 70

The above charges include the income to be applied to the
redemption of bonds, which, constitutes an asset of the com­
pany. Table No. 2 [in pamphlet] shows the net revenue
account of the company.
IV .

1895..
1894.
1883..
1892..
1891..
1890..
1889..
1888..
1887..
1886..
1885...

INCOME FOK T H E Y E A R 1895.

The company’s lines o f railroad are operated by t he South­
ern Pacific Company, under a lease for ninety-nine years.
Th. lessee, under said lease, agrees to pay the operating ex­
penses, taxes and the interest on the bonded indebtedness ;
and to pav over to the lessor, at the end o f each year, 44
I»*r cent of tlie net profits which remain from the operation
of the following railroads, leased by the same instrument to
the Southern Pacific Company, viz.:
Southern Pacific Railroad of California,
Southern Pacific Railroad of New Mexico,
Southern Pacific Railroad of Arizona,
Louisiana Western Railroad,
Morgan’s Louisiana & Texas RR. & S. S. Co. properties.
inpauv's proportion of the net profits under the
above lease for the year ending December 31,1895, amounted
to $916,808 67. The income from all sources for the year and
charges against said income have been as follows :

[V ol. LXII1.

6.000 00
600

A P P L IC A T IO N

21,60317
4,805 00
17,606 76
$7,975 23

TO N E W Y O R K
j-iibw

STOCK EX C H AN G E .
iu k h

. du ne 10 .

^A pplication is hereby made to list on the regular list o f
Tefal expenditures............. $3,332,710 71
inc. $98,425 07
surplus from operations.......... $1,171,331 15
• inc. $625,279 85 the h ew York Stock Exchange eighty thousand additional
shares o f twenty-five dollars each of the capital stock of this
The operating expenses have absorbed fil'lo per cent of
company, to be issued for the purpose of paving the floating
the gross earnings.
debt o f the company and for providing cash capital.
V. G E N ER AL REMARKS.
I beg to give you the follow ing certified copy of the action
of our stockholders Jan. 25,1894, and June 4, 1896 :
As a matter of general information on the growth of the
A t a meeting o f the stockholders o f this company, duly
properties from 1885 to the close o f the year 1895, the folio’
called and held at its office, No. 20 Nassau Street, Jan. 25

J

u l y

4,

1 S 9 6 .J

THE CHRONICLE,

IBM, there were present, or represented by proxy, 98,368
shares out of the total issue o f 100,008 shares'
The following resolutions were adopted by the unanimous
vote o f the stockholders present or represented by proxy :
Resolved. That the Consolidated Kansas C ity Smelting
6 Refining Company does increase its capital stock from
the present amount thereof, namely, the sum o f two million
five hundred thousand dollars, consisting o f one hundred
thousand shares o f the par value o f twenty-five dollars each,
to the amount o f three million five hundred thousand dol­
lars. to consist o f one hundred and fo rty thousand shares o f
the par value o f twenty-five dollars each, and that the
Chairman and Secretary’ o f this m eeting are hereby author­
ized to take all legal and other necessary or proper steps to
perfect such increase o f capital.
Whereas the stockholders at this meeting have resolved to
increase the capital stock by the sum o f one m illion dollars;
therefore be it
jResolved, That the said stock to be issued shall be pre­
ferred stock, entitled to a preference both as to the earn­
ings and also, uixm any winding up o f the company, as to
capital, the preference as to earnings to be at the rate of
7 per cent per annum, or at that rate for fractions o f years,
and such preference as to earnings to be cumulative, so that
each holder o f the stock so preferred shall be fu lly paid
dividends at the rate, o f seven per cent Tier annum from and
after the date o f the issue of the stock before there shall be
a distribution o f dividends to the remaining or common
stock; and shall also, after the remaining or common stock
shall have received dividends at the rate o f eight per cent
per annum (in estimating such dividends the jn-riod to be
computed from the date o f issue o f the preferred stock), re­
ceive dividends out o f the remaining profits o f the com­
pany, such dividends to be paid ratably, that is to say, at
the same time to holders o f common and pref. stock alike.
A t a meeting o f the stockholders o f this company, duly
called and held at its office, So. 100 Broadway, June'4, 1896,
there were present or represented by proxy 108,251 shares
out o f a total outstanding stock o f 'l 14,706 shares, and the
follow ing resolutions were unanimously |visaed:
Resolved, That the capital stock o f this eorojianv hi? in­
creased front the sum o f three million five hundred thousand
dollars to the sunt Of four million five hundred thousand
dollars, the same to be divided into shares o f twenty-five
dollars each.
lie seer, d. That the capital stock to be so issued as an in­
crease, that is to say, the sum o f one million dollars in par
value o f such stock, together with the sum o f one million
dollars in par value heretofore authorized to be issued as
preferred capital stock, making in all the sum o f tw o million
dollars in |Sir value o f preferred stock, shall have a prefer­
ence over the common or uanreferred stock both as to divi­
dends and m to principal or investm ent; such preference as
to dividends to he at the rate o f seven per cent (>er annum,
cumulative, payable in gold coin o f the present standard of
weight and fineness, before any dividend shall be paid to
the said common or unprefened stock, w ith the right to
»uch preferred stock, in any year in which all the common
or unpreferred stock shall nave received in such gold coin a
dividend o f ten per cent, toshare ratably with the remain­
ing stock o f the com puny other profits which shall
be d iv id e d : such preference as to prineijsai or invest­
ment to be operative upon any distribution o f capital
among stockholder* upon a winding up o f the corpora­
tion or otherw ise; the holders o f such preferred stock, upon
any such distribution, to first receive the full par value of
their stock, together with their share o f ali surplus profits,
on the l>a*is of dividends as aforesaid, before any distribu­
tion shall be made upon the common or unpreferred stock ;
the company, however, to have the right to retire such pre­
ferred stock, or any portion thereof, either by reduction o f
the total capital stock or by the use o f surplus profits, but in
either ease only by the payment o f one hundred and twentyfive dollars in such coin for every one hundred dollars in par
value o f such preferred stock ; provided, however, that if
the company shall avail itself o f the right to retire anv por­
tion o f such preferred stock, anv holder o f such preferred
stock shall have the option, in lieu of such retirement, at
any time lie fore such payment is offered to him personal! v or
by notice duly mailed, postage prejsiid. addressed to him at
his last address recorded with the company, or otherwise
known, and for sixty days thereafter, to exchange his shares
of preferred stock for shares o f common stock, share for
share, anti thereupon to enjoy all the rights then accrued or
to accrue on the raid common stock, but no more,
Resolved, That all proceedings had or resolutions adopted
at the meeting o f tW stockholders held on the 18th day of
April. ISfMi, which are in any way contrary to or inconsistent
with the provisions contained in the resolutions heretofore
at this meeting adopted, be rescinded, canceled and an­
nulled, Respectfully yours,
Ed w a r d B rcsh . Asst. Secretary.
The Committee on Stock List recommended that $228,500
of the aiwrfbdescribed 7 j**r '-ent cumulative preferred
stock be admitted to the list. Also that the Committee be
empowered
add to the list from time to time, previous to
October !, 1800, various amounts at the above-des­
sert bed stock up to an aggregate of 82,000,000, upon receipt
of an official notice from the company that said stock has
been issued.
Adopted by the Governing Committee June 2U, 1800,

33

C o m m e r c ia l

COMMERCIAL

EPITOME.
F r id a y N ig ht , J u ly 3,1896.

The silver agitation at'the West and South, and the grow­
ing belief that at the Convention to be held next week at
Chicago a free-silver platform w ill be adopted, have caused
some uneasiness in financial circles. Business in the mercan­
tile world has been very quiet, as merchants generally
have been taking account of stock ; furthermore, as
the agitation of the silver
question , becomes more
prominent, the recent declaration for sound money by the
St. Louis Convention appears to be lost sight of, and there has
developed a general disinclination to open large trades until
after the fall election. Serious labor troubles have been re­
ported at the West, resulting in rioting and bloodshed, Our
leading commercial exchanges adjourned Thursday night
until Monday morning.
The following is a comparative statement of stocks of lead­
ing articles of merchandise at dates given:
June 1,

1896.

F o r a , , . ......... ......................... Obi*.
L a r d . . . . . . ..............
tcs.
T o b a c c o , d o m e s t i c ________ hhds.
Tobacco, f o r e i g n ................ b ales,
Q offee, R i o . . . _______ _______ ba gs.
C offee, o t t e r ........... ............. bags.
C offee, J a v a , A c ...................m ats.
S u g a r...............
hbda.
S u g a r............................. b a g s , A c.
M olasses, fo r e ig n .............. ittd s .
H id e s . . . . ................................. No.
C o tto n ................................... bales.
R o sin ....................................... bbls.
S p irits t u r p e n t in e ................ bbls.
T a r ........................................... bbls.
R i c e . E . X........... .............. . .. b a g * .
R ic e , d o m e s t ic .................... bbls.
L in s e e d .................................bags.
S a lt p e t r e ............................... bags.
J u te b o l t s ............................b a le s .
M a n ila h e m p . . . , ............... b ales.
S isa l h e m p ........................... bales.
F lo u r ................. b b ls . a n d sacks.

8,905
23,653
13,225
30,313
173,977
62,185
68,143

5,721
1,624,920
None.

July

JHU:
6,634
25,936
13,795
27,654
180,608
75,389
69,268
10,455
2,057,591
None.

11,300

76,800
110,297
24,591
2,283
2.128
7,300
8,700

10,000
4,200
33,183
62,889
145,100

12,000
0,500
31,050
73,976
109,600

128,100
124,747
17,229
1,193
1,902
11,000

None.

1,

1395.

None.

14,352
17,977
IS,598
64,145
231,505
94,851
24,537
5,772
516,696
None.

25,700
198,760
17,095
1,226
2,779
46,000
900
None,

2,600

None.

26,668
12,078
126*600

The demand for lard on the spot has been very limited, but
prices have been unchanged and steady, closing at 4'20c, for
prime Western, 3-85c. for prime City ’ and 4*40c. for refined
for (he Continent. There has been no trading in the local
market for lard futures and changes in prices have been un­
important. Receipts of swine have continued large.
D4JB.T OLOSISO PRICES Of* I.WELD FUTURES,

July ........................... ,o.

Sat,
4 20

i f on
4 17

Tues,
4-20

Wed.

4*20

Ih u r.
4 20

Fn.

The demand for pork has been quiet and prices have weak­
ened slightly, closing at $7 75@f8 00 for old mess and $8 25@
fS 50 for new mess. Cut meats have been moderately active
and steady. Tallow has been quiet and prices have further
declined, closing at 8'.,c. Cottou-seed oil has been dull at
20 ■; 21c, for prime crude and 24J£c. for prime yellow. Butter
and cheese nave been quiet. Fresh eggs have been steady.
1 he demand for coffee of Brazil growth has been very mod­
erate, but as supplies held on the spot have been limited
prices have ruled steady, closing at 13c. for Rio No. 7, Mild
grades have sold fairiy and choice goods have brought steady
Diices, closing at 1(5;. for good Cucuta and 33j^@24c. for
standard Java. Speculation in the market for contracts has
been quiet and prices have declined under free offerings of
coffee by Brazil at lower prices, closing barely steady,
The following were the final asking prices :
July ............. .11*750,1Oet................10*40o. I Jan ................ 10*15c.
Aug.,............ 11*200. Nov..............10*30c. F eb ................ 10*15o.
Sept............ 10*750. I Deo..............10*20o, I March............ 10-loc.
Raw sugars have moved very slowly and prices have weak­
ened slightly in response to easier European advices, closing
at 3> J:. fur centrifugals, 06-deg, test and 3c. for Muscovado
80-deg. to t. Refined sugars have received a limited amount
of attention at steady prices; granulated quoted at 4%c.
Teas have teen quiet but steady.
The demand for Kentucky tobacco has teen quiet, ' ut for
the choice grades prices have held steady. Seed leaf tobacco
has been in leas active demand but steady, Sales for the
week were 1,430 cases.
There has teen a quiet market for Straits tin, but prices
have advanced slightXw on foreign advices and the close was
steady at 13*60 (it 13*63c. Ingot copper has continued in
fairly good demand, and prices have teen unchanged and
steady, closing at 11JyJ @ 13c. for Lake. Lead has so Id slowly
tut offerings have been small and prices have held steady at
3*02}.£ @ 3*05c. for domes'ic. Spelter has been steady at 41)5*
<® 4 10c. for domestic. Pig iron has been quiet and un­
changed at 10*75 @ 13*00 for domestic.
Itefiru <1 petroleum has been steady, closing at 6*90c. in
bbls., 4*40c.’ in bulk and 7 80c. in cases; crude in bbls. bas been
nominal: naphtha unchanged at 7j^c. Crude certificates
have advanced, closing at $1 1
bi d Spirits turpentine bas
weakened slightly, closing dull at 25;4(®26c, Rosin bas been
quiet and unchanged at SI 67J^(81 70. Wool has been in
limited demand and unchanged. Hops have been quiet but
steady.

THE CHRONICLE.

31

[V o l . L a III,

In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
oleared, at tne ports named. W e add similar figures for
C r o p , as indicated by our telegrams New York, which are prepared for our speoial use by Messrs.

C O T T O N .
F r i d a y N i g h t , July 3, 1896.
T h e Mo v e m e n t o p t h e

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 5,2-1 bales,
against 10,M J bales last week and 14,689 bales the previous
week, making the total reoeipta ainoe the 1st of Sept.,

8a t. [ Mon.

Receipt* at—

125

82

Galveston......
Tax. C ity, Ac. I
N ew O rleans...|
M o b ile ..
F lo r id a ....
S a va n n a h .
B rm w w 'k, Ac. |
C h a rleston .
Ft. R oyal, A c.j
W ilm in g to n .
Waah*ton. Ae.j

601
123

273

___

114

2841

12

li

Thurs.

Wed.

ru«*.

802
1

F ri.

1

45

402
.......

192
........

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

...... ......
290
120
255
..... ......

25
128
192
.......

278
128
2,522
125

55
27
1
269
5

1,124
27
25
269
28

3

8

Total.

ON SHIPBOARD, NOT CLEARED FOR—

July 3 at—

Leaving
Stock.

Great France. Other
Foreign
B ritain.

Coast­
wise.

Total.

555
100
100
100
None.
500
None.
None.

15,544
100
100
100
None.
500
11,300
4,500

47,661
10,607
9,429
11,056
3,581
5,598
98,221
25,751

New Orleans...
Galveston.......
8avannah.......
Charleston.. ..
M ob ile............
N o rfo lk ...........
New Y o r k ......
Other ports___

4,812
None,
None.
None.
None.
None.
4,(500
3,000

3,439
None.
None.
None.
None.
None.
450
None.

6,738
None.
None.
None.
None.
None.
6,250
1,500

Total 1896...

12,412

3,889

14,488

1,355

32,144

211,904

300
400

9,400
14,160

3,388
4,L86

25,664
24,655

385,151
282,267

Total 1895...
Total 1894...

12,576
5,909

Operations have been confined almost exclusively to profes
sional traders, and prices have fluctuated within a very nar­
row range, with the tendency towards a slightly lower
58 basis. Saturday the market opened at a slight advance
3
6
1
lOj
31
N o r f o lk .......
on the C h r o n i c l e ' s report showing damage to the grow ­
W est Point.
.......
137 ing crop in Texas by lack of moisture and also on
137
N’ port N.,
stronger foreign advices. Subsequently, however, there
N ew Y o r k ..
272 was selling
36
72
90
55
19
by “ longs” to realize profits, and the
B o sto n .......
41 early improvement was more than lost. Monday there
41
Baltim ore..
190 was'a slight further decline in sympathy w ith the depres­
54 .......
53
74
9
Philadelph’a, Ac
5,224 sion in financial circles due to the uneasiness over the silver
919
618
642
334 1,434
727
agitation at the South and West. Tuesday the market was
The foil >wing shows the week’s total receipts, the total since very quiet and prices weakened slightly under reports of
Sept. 1, 1895, and the stock to night, compared with last year. showers in the drouth-stricken section o f Texas. Wednes­
day there was a stronger market during early 'Change, in
8 tock.
1894-95.
1895-96.
Receipt* to
response to an unexpected advance in Liverpool, but later
Since
Sep.
Since
Sep.
This
This
July 3.
1896.
1895.
rains were reported in Texas and prices weakened,
Week. 1, 1894.
Vteek. 1, 1895.
closing at a decline of 1 to 4 points for the day. Yes­
10,747 terday there was a very narrow and uninteresting
10,707
279 1,652,096
Galveston...
278 926,421
market; the fluctuations in prices were within a range of
73,958
43
Tex. C..&0.
128 112,597
63,205 105,799 3 points. Cable advices were unexpectedly stronger and
1,432 2,569,581
2,522 1,747,101
New Orleans
9,536 maintained values. There was also a denial of the reports
51 233,286
3,581
M ob ile........
125 195,824
25,395
F lorid a.......
... 33,753
...... of rains in Texas. Advices received from N ew Orleans
11,948 stated that the first bale o f new cotton had been shipped to
267 911,018
9,529
Savannah...
1,124 751,383
2,200 Galveston from Duval County, Texas, which is about a week
1,435
Br’ wick, Ac
152,809
27 116,232
19,319 earlier than the average shipment. Cotton on the spot has
65 427,403
11,156
Charleston..
25 279,972
....
77,513
P. Royal, Ac
160,783
269
...... 1 continued quiet and Monday prices declined l-16c. Yesterday
22 234,423
3,663 , the market was quiet and unchanged, middling uplands
Wilmington.
4,655
28 170,916
...
767
Wash’ n,Ac.
928
...... |closing at 7 7-16c.
The total sales for forward delivery for the week are 387,300
N o rfo lk ......
32 469,694
6,098
14,625
58 337,107
143,639
253 j bales. For immediate delivery the total sales foot up this week
West Point..
88 286,015
50
4,910 bales, including 1,416 for export, 294 for consumption,
25,754
217
F p ’tH .,4 c
42,806
137
2 !
New York ...
53,147
137,107 103,521 206,012 — for speculation and 3,200 on contract. The follow ing are
Boston.........
568 164,054
8,200
272 125,755
4,800 jj the official quotations for each day o f the past w eek—
41
192 118,605
Baltim ore...
9,832
48,711
11,925 1June 27 to July 3.
Phlladel., Ac.
43,610
190
539 149,959
6,079
9,986 1 Rates on and off middling, as established Nov. 22, 1893,
and revised Dec. 11,1895, by the Revision Committee at which
T ota ls ......
5.224 5,190,203 3,795 7,844,950 244.048 410,815 ; grades other than middling may be delivered on contract:
off.
In order that comparison may be made with other years, we Fair . . . . . ......................o. l t l on. Good O rdinary..............o. 1
Middling Fair................ 7s on. Good M iddling T in g ed ...
Even.
give below the totals at leading ports for six seasons.
Strict Good Middling......
on. Striot M iddling Stained
oft.
9

9

" “a

3

........

......

......

......

Receipt* at—

1896. | 1895.

1894. | 1893. [ 1892.

Galves’n Ac,
New Orleans
M ob ile.......
Savannah...
Ohas'ton, Ac
WUm’ ton.Ac
N o rfo lk ......
W. Point, Ac.
▲11 others...

406
2,522
125
1,124
294
28
58
137
530|

322
1,432
5!
267
65
22
32
305
1,2991

Tot. this wk.

5,224 |

3,795

805j
3,952
20
1,105
44
3
979
1,034
2,177|
10,119

l,104j
5,196j
47
3,451
1,130|
9591
807
75£
2,931
16,384

1891.

1,141
1,312
200
1,615
140
119
639
803
6,905

1,398
1,950
177
1,370
649
22
958
941
1,442

12,874

8,907

Since 9ej>t. 1 5190.208 17844,95o|5893,776 5010,69£ 7062,197 6870,442

The exports for the ween ending this evening reach a total
of H,27l bales, of whioh 3,295 were to Great Britain, 1,157
to France and 13,819 to the rest of the Continent. Below are
the exports for the week and since September 1, 1895.

from—
Galveston.....
Tex. City. Ac..
New Orleans..
Mobile X Pen.
Savannah ___
Brunswick.....
Charleston*..
Wilmington...
Norfolk........
West Potnt—
N‘p’t News, Ac
New York.....
Boston..........
Baltimore--PhUadelp’a.Ac
Total........

Week Ending July 3,1896.
From Sept 1, 1896, to July 3,1890.
Exported to—
________ Exported to—
Great
Conti­ Total Great
Contifirit'n. Franc? nent. Week. Britain. France nent.
Total.
72?

45

125
6,80(1

269

os;
Ml
1.318

700

4.341
1.600

s.m

Total, 18M-M. 8.181
• including Port Royal.

436,474 95,480
125 39,620 4,699
8,050 671,011 305,74?
80,591
35,386 26,399
50,381
269 98.144
40,053 1,770
987 36,715
9,930
14,629
6,092 343,160 29,643
1.348 257 130
57,174 2,018
1,600
0,211

161,034 096,588
42,377 8.1,5 fl
568,557 1,545,915
29,947 119,541
304,331 360.110
23,959 74,340
178.412 270.580
90.708 132,531
17,107 53,822
9,930
14.029
274,701 01 -.512
2,792 259,922
81,979 143,171
35,094 41,305

1,167 13,810 18,271 2,180.221 465,050 1,810,02? 1,471,504
1,283 8,646 18.113 3.393.046 771.417 2,169.9*9 6.BM.353

Good Middling...... .........
Strict Low M iddling.......
Low M iddlin g................
Strict Good Ordinary......

732
sl6 on. Middling Stained............ 38 oft.
3lg oft. Striot L o w Mid. Stained.. 2532
25 oft.
% off. L o w M iddling S tained.... H
1Hi off.
u , a oft.

On this basis the prices for a few of the grades would be as
follows.
UPLA.ND8.

F r l.

S a t. M o n T o e s W e d

Th.

6k>
7ks
7ks
71*16
83a

7>16
7Le
7%
86is

6718
7L6
7“ 6
7%
851C

6L 0
7h-

7Iie
8»i<*

w

S a t.

M on Tues W ed

Th.

F r i.

Good Ordinary..................... .
Low M idd lin g.........................
Middling..................................
Good Middling.........................
Middling Fair..........................

6%
7*8
7%
g ’ l6
8»8

7°16
J u ie
8
89i«

S TA IN E D .

S at.

M o n 'T n e s W e d

Low Middling...........................
M id d lin g.................................
Striot M iddling........................
Good Middling Tinged............

6M

Good Ordinary........................
Low Middling..........................
Middling..................................
Good M iddling........................
Middling F a ir..........................
GU LF.

7hi

7>

7*2

6h8

6J1'*

6*,b
7 i,e
7L a
71,6

67ie
7ha
7%
851S

6Hlf

75,«
711.6
8
89.6

I t 16
V <i«
s2
7

c3
Ti
o

>»
o3

« “ i6 6G,e
? 516 75io
l 1116

2

89j«

89,«

M

Th.

F r i.

63,„
7'16
77,2
77i0

H oli­
day.

I

8

6*18

7116
7 Ls
7*18

16

©

MARKET AND SALES.

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the follow ing
statement. For the convenience o f the reader w e also add
a column which shows at a glance how the market closed on
' same days.
SALES OF SPOT AND CONTRACT.
SPOT M ARKET
CLOSED.

Sat’d a y .
Monday.
Tuesday
Wed’day
Thur’d’y
Total.

D u ll...............
Quiet at JiA dec.
D u ll.................
D u ll.................
Q u iet...............
...............................................

Ex­
port.

Con- Spec- Con­
sump. uVVn tract.

1,416

'l l
94
54
69
.. H oli day

1,416

294

—

Total.

Sales of
Futures.

500 1,993
1,800 1,894
900
954
69

63,800
104,900
85,500
64,900
62,700

3.200 4,910

387.800

Eufaula,
M o n tgom ery
Selma,
H elena,
L it tle tvook,
A llia n y ,
Athens,
A tla n ta ,
Augusta,
Columbus.
Macon,
Rome,
L o u isv ille,"
Shreveport.,
Columbus,
G reen ville.
M eridian,
N atalies,
V icksburg,
Y a zo o C ity,
St. Louis,
C harlotte,
Raleigh,
Cincinnati,
Columbia,
G reenw ood, i
M em rh is,
N ashville,
Brcnhiim .f
Dallas,
H ouston,

T h is
w eek.

11
TO
1
_____
848

ALABAMA...
it
U

AjtKASSAS..
G e o r g ia ....

36

it

6
10

It

it

r-Ti

**

9

25
08
7

KENTUCKY.
L o o im a n a .
Missrssum i.
♦«
*<
M
i«
M is s o u r i . ,
N .C a r o i .i s a
»<
O n t o ...........
8. C a r o l in a
«i
T k n s k s s k e ..
it

4
0
10
1,086
20
186
3,164
75
157
574
309

T e x a s ..........
ti
it

351

T o ta l, 31 to w n s ..........

S in c e

£ep/.l,’95.
16,402
117,57!)
31,990
50,598
99,806
26,761
50,340
91,455
174,110
46,977
50,200
51,852
6,012
79,714
28,477
40,500
33,177
48,007
05,552
53,415
507,609
20,530
21,619
221.383
34,243
10,172
420,823
21,041
53,871
41,180
1,042,198

7,147 3,027,278

3, 1896.

S h i p m ’ ts
T h is
w eek.
9

23
5
1,101
100
837
138
246
10
53?
s
50
_____
41
338
09
2.504
-17H
2,074
75
201
1,293
308
40
..,
242
11,806

M o v e m e n t to J u l y

MW

TO W S.

C H R O N IC L E
THE
J p l y 4, 1896,]

M o v e m e n t to J u l y
R e c e ip ts .

If

® <D

£

&S3

»o
CO

5, 1895.

-8 «

R e c e ip ts .
T h is
w eek.

227
1,359
732
906
4,468
291
2,766
2,204
0,516
3,184 !
2,517 !
684
SO
1,531
135
7*25 I
2,400
1,618
3,751
2,877
28,186
98
600
3,950
216
19,058
218 ‘
1.700
1
4,374
98,249 !

S in c e
S e p t . l , * 94.

7
84
10

19
17S
18
9

S3
21
10
4
2,827
32
23
568
75
12
215
12
52
815

S M m n ’ ts
S to ck
T h is
J u l y 5.
■week..

19,375
144,160
35.
68,886
125,206
32,644
79,565
106,074
209,912
64,241
09,520
85,850
11,504
118,215
40,323
42,884
44,563
65.109
03,249
58,849
932,724
25,065
35,492
382.044
35,5«1
10,817
584,872
61,528
120,061
03,742
1,789,570

5,074 5,035,633

100

991
41
8
108
6
50
49
......
1.016
22
23
1,035
75
12
620

499
1,552
100
30
3,189
371
337
3,457
6,447
3,762
345
29
553
1,446
17
220
561
455
448
195
22,013
20
1,300
9,431

202
......
827

100
2,008
70
1,903
55
3,148

8,220

64,724

, = 7-

|: i |
si S I
££$§3
1

Bs g * 7

,

D A II j T P R IC K S

ARP

September. | October.

SALKS

OF F U T U R E S
DmemOer.

\ November

FOR 11AOIJ U O R T B
January.

February.

March,

AprU.

Hay.

p i ll

A v ’ge.- 7*25
Easier.
500
110,800
6-0 2,t 7-32 7*25- 7*20
7*17- 7*10
Easy,

Av'ge.. 0*7o!Ar'ge.. 6*74;Av’ Ke,.------ Av'ifu.. 0*83 A v ’g e ..----27,100
0,200
1,700
*0 —
0*65# 6*72 0*71* 0*70
6*79# 6*84 — » —
0 *64 - 6 05 6*68— 6*70 0*72- 0*74 0 -77- 6*78

Monday, dime 29—
Hales, to ta l............
Prices paid (range)
Closing..................

A v ’gO,. 7*14 Ay'ge.
Easy.
700
104,1)00
cr>5d- 7T8 7*12 a 7*18
notn.
Mtoudy.

A v ’ge,. 8*59 A v 'ge . 8*08 Av'ge.. 0*00 Av'ge.. 0*70 A v ’ ge..------ A v ’ge,.-----M t*
10,800
200
3,400
2*4,900
— # ^
0*70» 0*72 * —
0*57 a 0 00 6*61 * 8*04 0*00 S —
% v
6*59- 6 00 0*63- 6*64 6*68- 8*69 6*72— 6*73 ““
“*
m>

Steady.

Tuesday, dime 30—
Bales, total............
Prices paid (range)
Closing..................

85,500
6'5S»» 7-20
Steady.

Wed nesd’ y, d illy 1—
Hales, to tal............
Prices paid (range)
Closing....... .

Easy.
114,1100
6*56 it 7*19
Dull,

Thursday, July 2—
Bales, to tal.........
Prices paid (range)
Closing......... .

112,700
6*55« 7*14
Steady,

Dull

Av'ge.

'

■

I

& **

"7

css

liSftss

a

1,200
7*19

4,300
7*15

00,200

1,224,100

059,700

I 4,071,000

7*17

40,100
0*00

786,000

70,200
0 *1.1
< 2,024,800

>

S jr, 'T * <2fi 2
q ©—

r. m
in m

*T* “« .
- C V " s o €3

= fe 85 e e j M j j
o | _

£ e .S £

sllfli* £ .

1 :I|

s *r:r -| * § I

R sgg a ?e

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

, o \---------- --------------— —
J3
since Hep I ,'95* 45,587,000

K v, .
$ s ~ i ’r3
■ w

* s g eg5
M S * f

H O L I DA Y
387,800

»I£ l

1

I

m

flip
I
n .® i| g X

* lSu f sf gA x © ©
A v ’ge.. 0*57 A v ’ ge.. 0*01 A v ’ge.. 0 0* A v ’ge.. 6*09 A v 'g e ..----- A v 'g e..------ %» v-*;I
14,400
9,000
1 oo
2,800
tTWs-O'' 0*501* 6*59 6*59 if 8*64 6*61# ~
0*08# 8*70 — # —
— # —
S ..%
*| gS
6*56— 6*5? 0*00— 6 01 8 -64 - 8*66 (109— 0*70 ““ *“
*“ "** **"
S - J e C fe
o a la
S
-e* gSS 5
;—^ I|
"2"",o
0*58 Av’ ge.. 0*03 A v ’ge.. 0*07 Av'ge. 6*72 A v'ge,.------ A v 'g e..------ 6rr
A v ’ ge.. 7 * li; A y 'g e .. 7 T 3 jA v 'g e .. 0*58 A v ’ge.. 0 *5 «:A r ,tw.. 0*A8 A v ’ ge.. 0*
—
. .. .. .
17,000
300
800
400 !
14,200 ;
0.400 ;
HI,*200
3,000
17.0OC
6,800
—
—
—
rt
0*07
—
#
—
0*7O» 073
6*61 0*01* «*«4
7*104 7*12 7*121* 71 1 6*58A 0*50! 6*584 0*01 0*55*4 0*58 6*58*
« * » • »•'
w
— # *7*11 — 7*12 7*12— 7*13 6*50 - 0*60 0 *5 8 - 0*59 0*56— 0*50; 0*57—
0 *5 7 - «ll; 58 0 6 2 - 6*68 0*08— 0*07 0*70— 6*72

Friday, duly 3 ~
Males, to ta l.......
Prices paid (range)
Closing.............
, c 1T o t a l s a les this w e e k
j t. A v e r a g e p r ic e , w e e k

— # —
~ —

A v'ge.. 7*13,AY'ge.. 7 1 7 'A v'ge ,. 0*59 Av'ge.. 0*5O:Av‘ge,, 6*5 A v ’ge.. 0*59 JUr'gc,. 6*62 A r*go.. 6*68 A v ’ge.. 6*71 A v ’ge,.------ A v ’ge..-----.
0,300
10,700 1
*20,300
9.100
1 ,ooo
100
10,200
9,200
600
......
7*13* —
7’ 12d> 7*20; 0 5d,t 0*1(2 0*57* 6*621 0*631
6*56# 6 02 6*60# 6*60 a m 9 —
0*89# 6*73 — # *—
— # —
6*56- 0*59 6*02— 0*03 6*67— 0*08 6*71 — 0*72 — “
7*14- 7*16 7*10— 7*171 0*57- 8 *68; li-59— 0*01:
—
A v ’ge.. 7*13 A v ’ge.. 7*10 A v ’ ge.. 0-M A y ’ge. 6*38 A v’ g e ., fi
13.200
1,000
13,500 ;
8.000
2,000
7*124 7*11 7*120 7*10 6*6 8 # 6'5)
7 *10 - 7*1*.*! 7 *12 - 71.1 0*50- 0*51

A v ’ge,. -

A v'ge., -----

»

p ? ofs.

flip

Saturday, .1irae 27—
Bales, to tal...... .
Prices paid (range)
Closing..................

<v

«•* • a s , ,

20,500
0*53

114,200
0*61

42,500
8*85

1.200
6 66

0,400
0*73

997,800

1,690,500

626,700

68,300

90.400

s s s >$s
*»»*

t n S ^

s?sH g

THE CHRONICLE.

36

OnryTATlOS-S FOB MIDDLING COTTON AT OTHER MARKETS. —
Bafow are closing quotations of middling cotton at Soi||ern
and other principal cotton markets for each day of tire week.
)H MIDDLING
J M e ending
July 3*
Galveston. New O r ie n t
Mobil©____
Savannah,..
Wilmington
N o rfo lk ......
B altim ore.
Phil adel phi a
Memphis....
Bt, Loots___
Oiaem aati..
Louis

Scttur. j

Mon.

1

«»i*
6%
6%

9%

7
7*a
7*4
7lg
74
7%
7 *1%
7
7
fl7*
7%
7%

}T T O N O ff—

j ITednes.!

T im .

6%
|
O'-'to |
6 Ji

> omlaal. Nominal.
7%
74
7 *3
77ia
|
74
7 hi
74
7^16
1 7H j6
s 7%
7H
7
i
7
7
CjSq
6%
74
7%
7
1
j

69,o

*>9i«
(jlS, 6
0%
7
6*9
7%
74
77,«
74
7‘ 1I6
73,6
0%
61*18
0®8
7%

T h e closing quotations to-day (Friday)
Southern markets were as follows.
Atlanta.........
6% Eufania.........
64
Charlotte......
74 Little Book...
64
Oolttmbu*. Ga.
6% Montgomery..
Nashville
74
Columbus. Mlsa

Fri.

T h u rs.

0 iS19

6%
7
64
74

0%
7
04
74
74
77.8
74
7Hio
74
«78
615.8
64
74

"7 7 »
'7i'ha
74
613,R
615,0
64
74

at other important
Katohez........

64

Selma............

6%

S a le igli..........

7

Shreveport......

6»,g

eceipts from
from t
he
e P l a n t a t io n s .— T he following table
R eceipts
th
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the w eekly
movement from the plantations of that part of the crop which

£3

11

..I. «... f Un tviu

Week
Ending—
M s r 89.....
Jane
*
If.....
“
16 ,....
'*
July 3 .—

tllC AlilnATf.^ .

Receipts a t the P o rt*. S t’Tc at In te rio r Towns. Rec'vis fro m PlanPns
1894. | 1895.

1806.

IShSOSj
18$97j
18,813|
12,069!
l*,80e]
10,1101

17,890
14,878
13,277
14,069
10.S28
5,224

29,020
19,829
15,527
15,514
6.223'
3,795

1894.

1894.

1395. ( 1896.

123,963
112,131
99,982
92,347
85.585
79,386

101,028! 147,137
86,421'] 137,707
76,155! 120,868
71,898 113,048
87,870 102,908
64,7241 98,349

1896.

1895.

1,676 15,789
4,622
6,865
6,604
5,201
4,434 11,257
0,044 2,195
3.920
649

2,310
5,148

......
7,449
85
565

The above statement shows; 1.—That the total receipts
from the plantations since Sept. 1.1895, are 5,355,757 bales; in
1891-95 were 7,849,678 bales; in 1893-94 were 5,896,996 bales.
2.—That although the receipts at the outports the past week
were 5,224 bales, the aotual movement from plantations was
only 565 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 649 bales and for 1894 they were
3,920 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1.—

W e give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular monthly report, but all
the principal matters of interest are given, This weekly
publication is of course supplementary to the more extended
monthly statements. The results fpr the week ending July 3
and since Sept. 1 in the last two years are as follows.
1894- 95.

1895- 96.
J u ly

3.
W eek.

S h ip p e d —

Via St. L o u is ...........
Via Cairo...................
Via Parker City.........
Via Evansville..........
Via Louisville............
Via Cincinnati.........
Via other routes, <fec..
Total jrross o verla n d ......___

2,504
266
544
2,774
248

iS in c e

S e p t.

1.

547,022
242,270
19,751
1,681
137,917
118,339
91,802

6,336 1, 158,782

W eek .

4,016
1,244
93
180
259
1,183

S in c e
S e p t. 1,

928,588
334,708
35,379
3,817
188,968
177,560
150,623

6,975 1, 819,643

D e d u c t s h i p m e n ts—

Overland to N. Y., Boston, &o..
503
Between interior towns.**.,___
229
Inland, &<$,, from S ou th ......... 1 2,220

271,229
3.859
53,845

1,299
722
2.469

569,725
31,976
77,704
679,405

Total to be deducted....___

2,952

328,933

4,490

Leaving total net overland*

3,384

829,849

2. 48511, 140,238

The foregoing shows that the week’s net overland movement
this year has been 3,384 bales, against 2,485 bales for the
week in 1895, and that for the season to date the aggregate net
overland exhibits a falling off from a year ago of 310,889 bales.
1895- 96.
In

S ig h t a n d S p in n e r s 9
T a k in g s .
W eek.

S in c e
S e p t . 1.

1894- 95.
W eek.

S in c e
S e p t . 1.

Receipts at ports to July 3 .........
Net overland to July 3.'..............
Southern consumption to July 3..

5,224 5, 190,208 3,795 7, 814,950
3,384 829,819 2,485 1, 140,238
14,000 815,000 12,000 689,000

Total market© d ............
Interior stocks in excess....

22,608 6, 835,057 18,280 9, 674,188
* 4,659
65,549 * 3,146
7,389

Came into sight during' week.
Total in sight July 3 ............

17,919

6, 900,606

15,134
9,631)577

North’n spinners tak*g sto July 3.! 8,552 1, 531.307
3,525 2,032,111
* Decrease during wt
It w ill be seen by the above that there has come into sight

during the week_ 17,949 bales, against 15,134 bales for the
same week of 1895, and that the decrease in amount in sight
to-night as compared with last year is 2,780,971 bales.

[V ol , L X III.

W e a t h e r R eports By T e l e g r a p h ,— Our telegraphic ad­
vices this evening indicate that rain has fallen lightly in some
districts of Texas during the week, but in the greater part of
the State drought continues. In the remainder of the South
rain has fallen as a rule, and at a few points along the Atlan­
tic the precipitation has been excessive.
Galveston, Texas.—It has been dry all the week, The ther­
mometer has averaged 84, the highest being 88 and the lowest
79 Rainfall for June thirty-fonr hundredths of an mob.
' Palestine, Texas.—There has been rain on one day of the
past week, to the extent of six hundredths of an inch. The
thermometer has ranged from 72 to 102, averaging 8i. June
rainfall seventy-one hundredths of an inch.
Huntsville. Texas.— We have had ram on one day of the
week, the precipitation being fifty-two hundredths of an
inch. Average thermometer 86, highest 101 and lowest 72.
During the month of June the rainfall reached forty-live hum
dredths of an inch.
,
Dallas, Texas.—It has rained here on one day of the week,
the rainfall being fifteen hundredths of an meh. The ther­
mometer has averaged 85, ranging from 67 to 103. June rain­
fall fifty hundredths of an inch.
,
San Antonio, Texas— It has been dry all the week. The
thermometer has averaged 86, the highest being 100 and the
lowest 72. June rainfall sixty-one hundredths of an inch.
Lu tin g, Texas.— Cotton is doing very well but excessive
sunshine is causing it to shed forms. W e have had no rain
during the week. The thermometer has averaged 88, ranging
from 74 to 101. Month’s rainfall ten hundredths of an inch.
Columbia, Texas.—Cotton looks well, notwithstanding the
drought, It has been dry all the week. The thermometer
has ranged from 72 to 96, averagin? 84. During the month of
June the rainfall was seventy-four hundredths of an inch.
Guero. Texas.—Cotton is growing splendidly, despite the
drought There has been no rain the past week. Average
thermometer 86, highest 100 and lowest 73, June rainfall one
inch and seventy-seven hundredths.
Brenham, Texas.—W e have had only a trace of rain during
the week. The thermometer has averaged 87, the highest
being 100 and the lowest 74. June rainfall ninety hundredths
of an inch.
F o rt Worth, Texas.—W e have had rain on one day o f the
week, the precipitation reaching four hundredths of an inch,
The thermometer has ranged from 70 to 103, averaging 86.
Rainfall for the month, one inch and two hundredths.
Weatherford, Texas.— Rain has fallen to an inappreciable
extent during the week. Average thermometer 86, highest
102 and lowest 71. During June rain fell to the extent of
nineteen hundredths of an inch.
Temple, Texas— Early cotton is growing fairly w ell but w ill
soon suffer without rain. There has been but a trace of rain
the past week. The thermometer has averaged 83, ranging
from 74 to 103. During the month of Jane the rainfall
reached forty hundredths of an inch
New Orleans, Louisiana.—It has rained on thrae days of the
week, the rainfall being seventy-five hundredths of an inch.
The thermometer has averaged 83,
Shreveport, Louisiana.—W e have had rain on two days of
the week, but to an inappreciable extent. The thermometer
has averaged 85, ranging from 72 to 99.
Columbus, Mississippi.— There has been no rain during the
week. The thermometer has ranged from 67 to 101, averag­
ing 84 June rainfall four inches.
Leland, Mississippi.—No rain during the week. Average
thermometer 79-9, highest 93 and lowest 65.
Vicksburg, Mississippi.—There has been one shower during
the week, the precipitation reaching two hundredths of an
inch. The thermometer has averaged 85, the highest being
95 and the lowest 70.
Little Rock, Arkansas.—There has been rain on three days
o f the past week, the precipitation being one inch and fortysix hundreths. The thermometer has averaged 81, ranging from
70 to 95.
Helena, Arkansas.—Crops are clean, but need rain in some
sections. W e have bad showers on two days of the week, the
rainfall reaching forty-nine hundredths of an inch. The
thermometer has ranged from 60 to 94, averaging 78. June
rainfall one inch and iorty-sevpn hundredths on eleven days.
Memphis, Tennessee.—Rain fell on Saturday and Sunday,
but it was partial and unequally distributed. Crop condition
is deteriorating on account of drought, The rainfall reached
fifty-eight hundredths of an inch. Average thermometer 79-7,
highest 95 and lowest 68. During the month of June the
rainfall was two inches and seven hundredths on nine days,
the smallest since 1887.
Nashville. Tennessee.—W e have had rain during the week
to the extent oE one inch and forty-nirie hundredths of an
inch. The thermometer has averaged 77, the highest being
93 and the lowest 64.
Mobile, Alabama.—Telegram not received.
Montgomery, Alabama.—Crops are doing well.
Cotton
mills have commenced to curtail production, owing to dull
trade and accumulation of goods. There has been rain an
three days of the past week to the extent of forty-two hun­
dredths o f an inch. The thermometer has ranged from 74 to
93, averaging 84, June rainfall six inches and ten hun dredths,
Selma, Alabama.—W e have had no rain the past week.
Average thermometer 83. highest 94 and lowest 72.
Columbus, Georgia.—W e have had rain on tw o days of the

July

4,

THE CHRONICLE

1896,J

■week, the precipitation reaching two inches and ten hun­
dredths. The thermometer has a reraged 86, ranging from 70
to 96.
Savannah, Georgia.—The rainfall has reached one inch and
eighteen hundredths, on fire days of the week. The thermom­
eter has ranged from 71 to 99,"averaging 83. dime rainfall
fire inches and thirty-one hundredths.
Augusta, Georgia.— W e hare had rain on four days of the
past week, the rainfall reaching one inch and fifty-eight
hundredths. Average thermometer 84, highest 99 and low ­
est 68.
Charleston, South Carolina.—There has been rain on six
days during the week, the precipitation being three inches
and thirty eight hundredths. The thermometer has areraged
82, ranging from 70 to 94,
Stateburg, South Carolina.—The week’s rainfall has been
seventy-fire hundredths o f an inch on one day. The thermom­
eter has ranged from 72 to 95, averaging 81 "9. June rainfall
four inches and fifty four hundredths.
Greenwood, South Carolina.—There has been rain on four
days of the week, to the extent of ninety-seven hundredths of
an inch. Average thermometer 81, highest 93, lowest 66.

37

give the prices for to-day below and leave those for previous
weeks of this and last year for comparison:
1896.
32s

O op.
T w is t.

M y 29
J’ne 5
“ 12
“ 19
26
Ju ly 3

d.
6 f18
6%
0J*
eq
63i ,3
0318

a.
@ 7%
®73s
®7ki
® t >4
® 7ia
@7kj

1895.

844

l b s . S h i r t ­ O o t t 'n
M id .
in g s , c o m m o n
to f i n e s t .
V p ld s

s.
4
4
4
4
1
4

a.
s.
5 96
4 k i«6
4 ®6
4 *6
4 ®6
4 m

a.

8 H lb s . S h i r t in g s , c o m m o n
to fin e s t .

32s

O op.
T w is t.

O o tfn
M id .
V p ld s

a. a. a. s. a. a. a.
4“32 513t6®6k! 4 3i2@6 4
31618
4 31386 4
32933 513J6'® 6 ^ 4 3 9 6 3 k
3l%6 5% 3>6% 4 2k!®6 3
P 3 2 59i6 @ 6 H 4 21386 3
4
4 2k>®6 3
5^8

9
9
3*3
8k!
8ks
Ska

a.
3%
3 78
313XS
3 U 18
35s
323m

S e a I s l a n d C o tto n M o v e m e n t .— W e have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (July 31 and since
Sept. 1, 1895, the stocks to-night, and the same items for the
corresponding periods o f 1894-95. are as follows.
1895-96.

Receipts

3.

to J u l y

T h is
w eek.

1S94-95.
T h is
w eek.

S in c e
S e p t . 1.

S to c k

S in c e
S e p t . 1.

1896. 1895.
Wilson, North Carolina.—There has been rain on one day
o f the week, the rainfall reaching sixty-five hundredths o f an
2 64,251 2,446
127 77.177
407
inch. The thermometer has averaged 84, the highest being 92
10,556
37
5,359
549
78
and the lowest 72.
4,783
5,139
437
F lorida, <fco.......... ............
16
Madison, Florida.—Crop is not looking well in consequence
127 92,516
T o ta l...........................
39 74,749 3,432
501
of excess of moisture. There has been rain on five days of
the week, the precipitation reaching five inches and twentyt he exports for the week ending this evening reach a total
five hundredths. The thermometer has averaged 88, the high­ of 10 bales, of which 10 bales were to Great Britain, ——
est being 100 and the lowest 78.
to France and — to Reval, and the amount forwarded to
The follow ing statement we have also received by telegraph, Northern mills has been 142 bales. Below are the exports
showing the height o f the rivers at the points named at for the week and since September 1 in 1895-96 arid 1894-95.
8 o’clock July 2, 1396, and July 4, 1893.

....

2, *96.

J u ly

F eet.

6-6

4*6
0*2
3-3
13-2
10 4

13-7

Shreveport___

*1*4
19*0

4*0

N a s h v ille .........

., ____A-HTY6 zero of gauge,

j W e e lt

4, *95.

F eet.

........... A b o v e zem o f g a u g e.
■
Memphis.........
Y ie k fjb u r*....

J u ly

fro m —

I

n d ia

Cotton Movement From all P orts.—The receipts

, S h ip m e n t*

S h i p m e n t s s t r u t S e p t . 1.

th is w e e k . '

t e a r ' G r e a t \" G a n t i - \ m , ,
; B r i t 'n j t u n a , T o m L

(J r e a t : C o n t i B rita in
u e n l.

71.000 706.000
26.000 503,000
40.000 711.000
11.000,777,000

7 ,0 0 0
7 .0 0 0
’ 05-6
3 S .O O O .3 8 ,O O 0
*#4*5
1 0 ,0 0 0 12,000
93-4
>92-3| 2,000 23,000 25,000

Skipm etuefor the week,
fJ rm i
B rita in .

C a le u tt.1895-96...
1894-95...
Madras—
1895-96...
1894-95...
A ll others—
1395-90. .
1894-06...

4*O0y

T o ta l a ll—
1395-98..
1994-95...

4,000

C o n ti­
n en t.

1,000

......

■

•:

S in c e
S e p t. 1.

777.000 7,000 2,071.000
529,000 15.000 1,460.000
787,000 25.000 1,720,000
818.000 ll.OOOj 1,690,000

Shipment. H nM Sept,
G rea t
B r ita in .

T o t a l.

R e c e ip t,.
Thu
W eek ,

T o ta l.

1,000
......

O o n tin e n t.

1.

T o t a l.

11.000
7,000

72,000
27,000

93,000
34,000

10.000
7,000

9.000
10,000

19.000
17.000

2,000

2.0OO
4,000

19,01X1
23,000

84,000
75.OO0

103.000
97,000

3,000

3.000
4,000

40.000
36,000

105.000
112.000

205,000
149,000

• » * * * ..

■ XFORT* TO KtJKOPB KKOH A L L INDIA.
S h ip m e n t,
to a il E u r o p e
fro m —

1991-95.

1893-96.
T h *s
w eek.

I
'

B o m b a y .........
A ll o th e r ports

7.000
3.000

7 7 7 .0 0 0

T o ta l...™ .

10,000

982,000

t
j

T b it
w eek,

S in c e
S e p t . 1.

205,000;

S in c e
S e p t . 1.

1893-94.
Thur
w eek.

\

|

S in c e
S e p t . 1,

38,000
4,000

529.000
149.000

12,000
1.000

42,000

677,000

13,000 1,013,000

787,000
226,000

arrange­
ment* we have made with Messrs. Davies, Benachi & Co., o f
Liverpool and Alexandria, we now receive a weekly cable o f
the movements of cotton at Alexandria, Egypt. The follow ing
are the receipts and shipments for the past week and for the
-.omsponding week o f the previous two years.
A

lexandri a

R

e c e ip t s a n d

A l e x a n d r i a , M f f it p i,
J u l y 3.

1395-96.

Beeelpfc* l©antar.«*,»..-.
jffcl* w m k . . . .
. *.**
Sta m B6pK» f ........ . .

1,000

5,205,000
T h i*
w eek.

• tp o r ts (hates;—
Tr< Liverpool
T o C o n tin e n t).. . ..

S h ip m

■

S in c e
S e p t . 1.

2.0*>q ! 330,000
3,000 320,000

e n t s . —Through

1994-95.

1893-94.

t.000
4,537,000

4,972,000

T h i*
w eek.

S in c e
S e p t . 1.

........ 209,000:
3,000 331,000

2,000

T h i9
w eek .

S it .e e
S e p t. 1.

5.000 310.000
5.000 285.000

5,000 650.000 3,000 002,000 10.000 595,000
T o ta l E u ro p e ..
© »»S a t 1* 9 8 pnomd*.
♦ O f which
\mpne-* tn 1395-96,50,107 bales; la 1394-95, 42,098
bales; is 1393-94,
bales.
*

A

Manchester ’ ! \rkbt .~ Our report received by cable to-tiigb t
from Manchester state.- tn *. the market is firm for bah
yarns and shirting?. Merchants are operating freety. W e

F r ’n c e
she.

3,;

J u ly

T o ta l.

Ohari’ fn .& e

T o ta l........1

W eek

S in c e
S e p t. 1.

“ *Y o 16,068
7.779
3,717

4,789 20,857
7,779
13 3,730

10 42,173

7,242 49,415

142 40,054

. .. .. .

........ 134,992

5,650 40,642

13 34,892

10
........

T o t a l.

t t o r lh ’n M ills .

. .. .. .

l a l t h n o r e ........

Total 1894-5

1,1895.

F r 'n c e
dtc.

2,376 14,024
64 3,025

_____

vterlda, A c .............
l e w Y o r k ..
10

........

S in c e S e p t,
G rea t
B r i t 'n .

11,648
2,961

9’ vann'h, Asej ........

lo s to n .......

and shipments o f cotton at Bombay hare been as follows fo r
the week and year, bringing the figures down to July 2.
b o its ay aecBirra l id s i i i p m k s t s to# roos reum

E n d in g

O r eat
B r i t 'n .

142 34,704
1,682
3,608

A considerable portion o f the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead o f including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan aa in our regular table of including it when
a dually exported from N ew York, &c. The details of the
shipments of Sea Island cotton for the week w ill be found
under the head “ Shipping News,” on a subsequent page.
Quotations July 8 at Savannah, for Floridas, common,
lQKc.; medium fine, 13c.; choice, 16c.—all nominal.
Charleston, Carolina*, medium fine, 20o.; tine, 23@23e,;
fully tine, 25c.; extra fine. 26@27c.

Cotton Consumption and

O

ver lan d

M o v e m e n t to J u

ly

1,

— B low wti present a synopsis o f our overland movement,
receipts, exports, spinners’ takings, &c., for the month of
June a d for ten months of the season to July 1, for the years
1893*94, 1894-93 and 1893-96.
1896-96.
Grose overlan d for Ju ne........ ....... bales.
Grose overlan d fo r 10 months..................
N et overlan d fo r Ju ne...............................
Net overlan d fo r 10 m onths.....................
P ort receipts tn J u n e — ............................
P ort receipts In 10 m onths.......................
E xports In J u n e.......................................
E x poite iu 10 m onths...............................
Port stocks on Jane 3 0 .............................
Northern spinners’ takings to J t i l y . l —
Southern spinners’ takings to Ju ly 1 —
O verland to Canada fo r 10 months (Ineluded 1a net o v e r la n d ).........................
Burst N orth and South in 10 m onths....
Stookat N orth ’n Interior m arkets Ju ly l
Game In sight during June.......................
Amount o f orop In sight J u ly 1 ..............
Came In sigh t balance season..................
A vera g e w e ig h t o f b a le s ...................

1864-95

40,141
30,183
1,156,763 1,811,955
29,243
4,845
828,353 1,138,013
61,139
51,134
5,188,029:7,811,813
172,774
127,203
4,462,646:6,620,219
255,715
415,412
1,575,378 1,986,823
809,000
678,000

1893-94.
30.796
1,219,439
18,594
797,623
65,998
5,885,495
136,864
5,066,925
331,532
L,507,736
626,030

02,500
98,033
58,786
41, L *7
1,753
3,088
3,750
3,535
9,381
77,492
106,877
70,993
0,892,382 9,668,8^6 7,318,018
209,193
2‘23,o80
—
9,892,766 7,527,211
*06*70
500*7*
496-22

J ute Burrs, B agging , & o.—T here has been a good demand
for bagging during the week under review and prices have
been well maintained. Toe close to night is at 4%t>. for 1%
lbs., 5c. for 2 lbs. and 5>£c. for standard grades in a jobbing
way. Car-load lots of standard brands are quoted at 4%o. for
\% lbs., 5c. for 2 lbs. and
c. for %}£ lbs,, f. o. b. ac New
York. Jute butts are quiet on the spot at 1% c. @ lj^c. lor
paper quality and l t-jc. for mixing. From Messrs. Ira A.
Kip & Co.’s circular we ascertain that the deliveries of jute
butts and rejections at New York and Boston during June
were 1,264 bales, against 31,011 bales for the same month last
year, and since Jauuary 1st the deliveries have reached 252,350
bales, against 318,539 bales in 1895, The aggregate stock in

THE CHRONICLE.

38

the han<U of importers and speculators iQ New \ork and
Boston on June 30th was 2,300 biles, again*t nil at tbe corre­
sponding date in IH0), an l the amount allj.it reaches 50,212
bales, against 841,001 bales last year.
T b k E x p o r t s o p C o t t o n from New York this week show a
decrease compared with last week, the total reaching 5,992
bales, against 13,140 nates last week. Below we give our
usual table, showing the exports o f cotton from New York,
a id the Urection, for each o f the last four weeks; also the
t )tal exports and direction since Sept. 1, 1895, and in the last
o damn the total for the same period o f the previous year.
■ XPORT* OF COTTON (BALES) FROM NEW TORK SINCE SBPT. 1. 1895
Week Ending—
Exported to—

June ! June | July
3
19 I 26.
141
2,92i 5,819i
61
810
1,244 2,9 281 3,760

June
12

L iverp o o l................
Other British ports

T o t . to i i-T. B h it ' n . 4,169
153

H avre......................
Other Fn neli ports..

153

T o t a l F rench —
B rem en ...................
Hamburg.................
Other ports..............
T o t . to No. E urope

3,867
349
810

8,777i 3,821

8amperioo
Previns
yea

Total
since
Sept. 1
245,303
97,866

Market, ' Quiet but
Arm.
1:45 P. M. \
Mtd.Upl’cls.

3S'S2

31oj6

315.6

Speo. &exp.

8,000
500

10,000
500

8,000
500

10,000
1.000

10,000
1,000

12,000
500

Steady.

Steady

OHpHoHy
1-64 dec.

Steady.

Quiet.

Quiet and
steady.

Steady.

Quiet but
steady.

500(

700

29,643

40,475

902

56,GO"
60,»32
7l,Sol

1,393

5,026 3,060. 4,351

2,295

197,214

3.474 2,016

74,664
2,8 22

T o t a l Sp a in , A c ..

1.940

1,439

3,474 2,046

77,486

5.992

647,512

785,513

Total

20.659

The particulars of these shipments, arranged in our usual
form, are as follows.
H u ll d
Bremen
BarceLiver- Wan<&Ham- Ant- Iona <£
p iol. Chester. Havre, bury, toerp. Genoa. Venice. Tota1
New York.
141
810
700
902 1,343 1,476
610
5,992
N. Orleans. 2,750 ...................
243 ....... 7,226 ........ 10,219
Savannah..
...................................................... 1,353 .......
1,353
Norfolk___
.
......
302 ...............................
302
Boston. ...
1,890
1.890
Baltim ore..
125
778
903
1,393 10,0 25

603 20,659

carrying
down to

O rlkans - T o Liverpool—July 2—Steamer Mira, 727.
To Havre -July l-8tearaer British Prince, 457
To Genoa—June 30—Stsainer Scottish Prince, 2,166.
To Barcelona—June 27—Steamer Gran A qtil la, l, *5 >.
To Malaga — Juae 27—Stea ner Gran Antilla, 1.000.
To Ferroi—Juie i7 -Steuner G m Aai.llU 3 )0 .
ro Corunna -June 27 -Steamer Grau Antilla, 300.
P ort R o y a l - T o Liverpool—July l —Steamer--------- , 269.
No r f o lk - I o Ham burg-July 1-Steamer Gladiolus, 987.
B
' —S ca tter Norseman. 46 j ... June 2 9 Steaiuers Corinthla, 140; Kansas, 742.
S an F rancisco —T o Japan—June 20—Steamer Coptio, 1,510.

564

1 564
1 25*

18»

....

251

13»

22f

221

25 f
311
341

251
341
34t

6*2
3 9

*6
lbs.

632

...

6SI

5fil

251

25t

00

25'

JVv

00

251

!

Wednes. Thurs.

Steady.

Firm.

3

Fair
demand.
4

3 i» 18

The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low did lling
clause, ualess otherwise stated.
£3^ The prices are given in pence and QAth.
3 63-64d.. and 4 01 means 4 1-6 kd.

Th us:

3 6 i means

Tues,
S a tu r.
M on.
T lm r * .
W ed.
F rl
June 27 to
July 3.
12*2 1 2 15 4 2 15 4 2 15 4 2 15 4 2 15 4
p M. P M P M. P M. P M. P M. P M. P iVI. P M. p >1. p M. P M.
i,
3
June-Julv . 3 55
J uly-Aug . 3 54
Aug.-Sept... 3 50
Sept.-O ct... 3 46
Oot.-Nov ... 3 4L
N o v.-D ee ... 3 40
Deo.- Jan ... 3 41
Jan-. Feb ... 3 40
Feb-March.. 3 42
M ch.-April.. 3 43
A p ril-M a y ..

d.
3 5?
3 56
3 55
3 51
3 47
3 43
3 41
3 41
3 41
3 13
3 44

d.
3 54
3 53
3 52
3 49
3 43
3 40
3 39
3 39
3 39
3 40
3 41

d.
d.
3 53 3 53
3 52 3 53
3 5 L 3 51
3 IS 3 48
3 42 3 41
3 39 3 33
3 38 3 37
3 38 3 37
3 38 3 37
3 39 3 33
3 40 3 39
...

d.

3 51

3 51
3 50
3 47
3 41
3 33
3 37
3 37
3 37
3 33
3 39

-

1.

d.

1.

1.

3 53 3 =><2 3 53 3 54
3 5 3 51 3 52 3 5-1
3 49 3 43 3 43 3 49
3 42 3 41 3 41 3 42
3 39 3 33 3 33 3 39
3 33 3 37 3 3 7 3 38
3 38 3 37 3 37 3 37
3 33 3 37 3 37 3 37
3 39 3 38 3 -18 3 39
3 40 3 39 3 39 3 40
4213 40 3 40|3 41

d.

d.

3 57
3 55
3 51
3 44
3 40
3 39
3 38
3 39
3 40
3 41
3 42

3 58
3 56
3 52
3 44
3 41
3 39
3 39
3 39
3 41
3 42
3 43

B R E A D S T U F F S .
F r i d a y , July 3 1896,
The feature of the week in the market for wheat flour is a
report that there is trouble in the combination controlling the
prices of spring-wheat flour; at any rate prices have been
lowered and at the concessions a fair bininess has baen trans­
acted. City mills have been moderately active and steady.
A limited amount of businass has been transacted in rye flour
at steady prices. There has been an increased demand for
corn meal, with some buying by shippers, and prices have
been steady.
There has been a quiet market for wheat futures and early
in the week prices declined under continued liquidation by
tired “ long” holders, prompted by continued favorable crop
advices both from the West and Enropa. Subsequently, how­
ever, there was an advance, as prospects were reported as less
favorable, advices from the Northwest reporting damage to
the growing crop by rust, stimulating a dsm and from “ shorts”
to cover contracts. In the spot market only a limited amount
of business has bseu transacted and prices have followed
futures. Yesterday the sales included No. 3 hard Manitoba
at 60J^o. f. o. b. afloat; No. 2 red winter was quoted for for­
ward delivery at 66%o. f. o. b. afloat. No. 1 hard at 66}£c.
f. o. b. afloat and No. 1 Northern at 64Jgc. f. o. b. afloat.
d a il t closing pric es of n o .

Cotton freights the past week have been as follows.

Liverpool...........d.\
Do
.......... d.
Havre, asked....c.
Dunkirk..............c.
Bremen..............c.
Do ..............e.\
Ham burg...........cJ
Do
.......... c.
Am s’dam, asked.c.
Reval, v. Hamb..e.
Do v. H u ll...d.I
Barcelona..........d.
Genoa, July...... d.
Trieste, June___d.
Antwerp_______ d.
Qhent,v.Antw’ p.</.
t Cents net per 100

Quiet.

Futures.
at Quiet at
Market, • Steady
<©2 r>4 B-OA de­
1:45 p . M. ( advance.
cline.
93,50 <
” 30
Market, j Steady. Quiet and
steady.
P. 31. (
94,438

S h i p p i n g N e w s .— T he e x p o rts o f c o tto n fr o m th e U n ite d
S ta te s th e past w e e k , as p er latest m a il retu rn s, h ave reached
20,658 bales?.
Total bale*.
N ew Y o r k — m Llvemooi per steamer Taurio, 141..................
141
To Hull, per tteamer Marteilo, 800......................................
8<>o
To Manchester, per steamer Olbers, 10 Sea Island.............
10
To Havre, per steamer La Bretagne, 700 ................ ......
7 io
To Bremen, per steamers Aller, 72 .. Bonn, 685
Dres­
den, 145.................... .........................................................
902
To Antwerp, per steamers British Queen, 438.... Kensing­
ton, 955.................. __________________________________
1,3.43
To Genoa, per steamer Werra,1,446................................... 1,446
To Venice, persteamer Pocahontas, 600 .............................
600
N e w Orleans —fo Liverpool, per steamer Mexican, 2,750 ...... 2,75«
To Hamburg, per steamer Bentala, 243 ............... ..............
243
To Barcelona, per steamer Canarias, 4,821.................... .....
4,821
To Genoa, per steamer Canarias, 2,405...... ......................
2,405
Sa v a n n a h —To Barcelona, per steamer Corona, 753.................
753
To Genoa, per steamer Corona, 600 ..................................
f 00
N o r f o lk —T o Hamburg, per steamer Velleda, 302 .................
302
Boston —To Liverpool, per steamers Cambroman, 529___Cata­
lonia, 6 4 6 ....Lancastrian, 36....Roman, 679____________
1,890
B altlm o rk —To Liverpool, per steamer Vedainore, 125............
125
To Bremen, per steamer Roland, 778... c...... .................. .
778

Belowwe add the clearances this week of vessels
oottonfrom United States ports, bringing our data
thelatest dates:

Easier.

188,940

1,439

Tues.

Saturday Monday. Tuesday. Wed* an ^ Thursd’y. Friday

Spot.

39,c00
9 75

397i

' Mon.

10,000

6,000
50.000
33.000

29,443
*200

70 J

106,712
34,548
59,451

8 atur.

56.000
1,100
200
52.000
9,000
60.000
846.000
693.000
26,000
17.000
35.000
23.000

126,907

500

700 2,225

July 3.

60,000
1,200
100
56.000
8,000
60.000
888,000
734,000

343,169

2.899 3,279
422
118
650
43|

810

June 19. June 26

951

1,290
650

4,906

June 12

61,000
80,000
Sales of the w e e k .........bales.
3.000
1,800
Of which exporters took—
800 j
500
Of which speculators took., j
57.000
72.000
Sales Am erican......................
3,000
3.000
Actual export.........................
71.000
64.000
Forwarded.............................
970.000 947.000
Total stock—Estimated.........
Of which American—Estim’d 821.000 788.000
24.000
38.000
Total import o f the week.......
17.000
26.000
Of which American.............
56.000
45.000
Amount afloat........................
35.0001 30.000
Of which Am erican............. j

461,760

Spain. Italy, A o .......
A il o th er.................

T o ta l....

L iv e r po o l . —By cable from Liverpool we havj the follow in g
statement of the week’s sales, stocks. &c., at that port.

The tone o f the Liverpool market for spots and futures ea»*h
day of the week ending July 3 and the daily closing price *
334,853 of spot cotton, have been as follows.

3971

G rand T o t a l . . ..11,284 13,673 12,146

[V ol, LXIII,

181

181

221

22t

22i

221

251
341
341

251
34t
34t

251
341
341

25'
34*
34t

9«4

9fU

9e*

“ 92

532

b:i 2

532

332
%

*3*
%

33S
*8

%

July d elivery................ c. 61*8
August d e liv e r y .......... c. 61%
September delivery....... c. 62*8
October delivery.......... e..........
December d elivery....... o. 64

2 RED w in t e r w h e a t .
Won.
Tues.
Wed. Thurs.
61=5g
613s
63*2
61%
60%
62*e
61*8
61*6
62*3
62%
62*6
62 78
65%
63*6
64%
64*2
64%

Fr
•
??

ao

The market for Indian corn futures has beeu quiet and
prices have declined slightly under favorable weather condi­
tions at the West for the growing crop. Sympathy with the
improvement in wheat during the latter part of the week,
however, had a tendency to sustain values. In the spot mar­
ket shippers have made a limited number of purchases, but at
easier prices. The sale3 yesterday included No. 2 mixed at
3 4 % c . delivered.
9 \ILY OLOHrNG PRI1BS OF NO. 2 MIXED CORN
Sat
Mon.
Tues
Wed
Taur*
Julv delivery.......... — 0. 33%
33 *2
33*8
333s
33*4
September dellverv. -.0. 31%
34%
34
33%
33 7s
Ootober delivery.. ..
34%
34*4
34 *2
3438
34*2

*n .
H o li­
day.

Oafs for future delivery have been quiet and the distant
deliveries have weak vied under fav r vbte crop provp-ctv In
the spot market the d e n i id from shipp?rs hvs bsen active.

J

u l y

4,

THE CHKONICLE.

1 8 9 6 .]

but as offerings have been quite free, prices hare further de­
clined. The sales yesterday included No. 2 mixed at 21%c.
delivered and white clipped at 2314@83:iiC. t. o. b. afloat.
O A ix.r c l o s i n g e a to B S o r s o . - a i x s o o a t *
Sat

M an,

Tu.es. W e d

T h n r*

**■

Joiy delivery-............ 0. 20 % 20 %
2 0 % 20 %
20 % IIolL
Sepiember delivery. ...e. 2 0 %
20%
20%
20%
20% day
Rye baa declined and at the concessions shippers have been
fair buyers. Barley has been quiet but steady.
The following are the closing quotations :
FLO CK

Fine....... ........... *

W ML91 6 0 S 2 00
S n p e rilu a ..............
t 7 0 ® 2 15
E x t r a , S o . 2 ...............
2 2 0 ® 2 35

P a t e n t , w i n t e r ........... $3 45 ® S3 7;.
C it y wills e x t r a s .......
3 90
R y e flo u r, s u p e r fin e ., 2 4 5 ® 2 90

Extra. Xo. 1............ 2 503 2 75 ; Buckwheat flour.....

__

39
1896.

1895,

N a w Y o r k t o J o s e 29.
W e e k . \Since

G r e a t B r i t a i n ............
O th e r E u r o p e a n .......

.........

A r a b ia .........................
A fr i c a . . . . . . . . . . . ___
W e s t In d ie s ..

Mexico.................
C e n tra l A m e r ic a ,.
3 o a th A m e r i o a . . .
O tn e r C o u n t r ie s ..
c h in a , v i a V a n c o u v e r '. .

d e a r * . . ....................... 2 S O ® 3 15 C o ra m e a l—
S t r a ig h t s ..................... 3 2 5 ® 3 4 0
W e s te rn , t o . ........... 2 0 0 ® 2 10
P a t e n t, s p r in g ..........
3 4 0 3 3 75
B r a n d y w in e ............
2 15
l W h eat flo u r In. s a c k s s e lls a t p r ic e s b e lo w th o s e t o r b a r r e ls . 1
O B * !* .
p e r b u sh —
C.
0
Wheat—
e.
<s. l Corn,
WA«!-’ n ml ribjl .
3 1 % a 35*9
S p r in g , p e r b u s h .. 61 ® 67
33% »
R e d - w in t e r S o . 2.. 65 ® 7 0 %
35
34 a 36
R e d w i n t e r ........... . S3 ® 71
33 o
W e s te r n W h it e .. 35
W h it e .............................. ®
.—
R yeOats—Mixed,per bn. 1 9 \ » 23
W e s te rn , p e r bu sill. 38 ® 40
W h it e ....................... 2 1 * 4 ® 26
39 <5 41
So. 2 mixed........ 81 <a® 22% S ta t e a n d J e r s e y
38
® 41
No. 2 white......... 22 a 23 B a r le y — W e s te r n .
34 a 36

8
42
3,018
1
350
238
162
IS
225
1,4 07
104

Jan. 1.

1,133
1,843
59,144
3,008
10,716
9,0 22
6,225
1,575
4,618
24,396
2,055

W eek.

;

Since Jan,

33
541
293
925
207
194
109 i
57
1,164
365

5,6 03
...... ;

124,040
15,550

3,901 !

5,603 :

139 ,590

3,901

X.

2,835
1,443
23,282
3,358
14,174
4,0 34
8 ,8 9 9
1,881
5,787
30,451
3,8 17
99,734
11,700
111,434

The value of the New York exports for the year to date has
been §5,548,980 in 1896 against §4,446,818 in 1895,
The demand for brown sheetings and drills front the home
trade has been limited so far as actual business goes, and any
bids for quantities which have come forward have been on too
low a basis for sellers’ acceptance. The latter are occasionally
showing more reserve in view of the short-time movement.
Exporters are still in the market but goods peculiarly adapted
to their requirements are scarce. Sales of bleached cottons
have been on a more limited scale and prices are unchanged;
low grades affected by print cloths are firmer. W ide sheet­
Expo rts
o f
Brkadstcfpb,
P r o v is io n s ,
C otton
AND
ings under the redactions in prioes referred to above have
P etroleum .—'The exports o f thee* articles during the month sold more liberally.
Coarse” colored cottons are dull
o f May, and the eleven months, for the past three years, have throughout but generally steady in price.
Kid-fin­
been aa follows :
ished cambrics, quills, white goods, etc., dull and
featureless. Dark fancy prints have been in moderate de­
ISM-VS.
1888.04.
189S-W.
mand. An opening price of So. has been made on Simpsons,
f r o m € . H. i
M il-.
11 M onth.
Merrimack. Pacific and Cocheco fancies and 434c. on Hamil­
May,
’l l Months.
Uny.
U Monts*
ton fancies. Other prints quiet and without prominent fea­
Q u& M tH a.
Staple and dark dress ginghams quiet throughout.
5.8J1.707 *1.6- s.JAS ture.
Wheat-baah. { 4,13833* M.W8.44C 03B&S1*! 71,297,09!
Extras sold this morning
M 0.U 7 8 13^-70,322
S3,4815,822
L394.35S 15,312,033 Print cloths have ruled inactive.
n oor...bbi*
at 214c.; odds are occasionally %<} higher. Stocks of cloths
Wheat— -ba.: 8g46i,a33|m,?»&^sy ! » , 173^58183,714,148 12,173,318 15:4,847.410 at Fall River and Providence are over 3,000,000 pieces for the
4,28i,»H j s m o m s s
rysamjw j
( 00.803,412
Corn...bast*
first time in the history of the trade.
i$ ,n u 7 $ [m ,7 7 3 .m s

T o t . bath

i

7alu«».

1

Whhiaosr.’
Cora* raeai „
O a ts ® m ow .

tfyS Itt
7*7.7m

i?Sy®4*
3,111.34.;

Barley...... ..j

S t M fe l

M M * ** *

R ye.............

17,435/44 >! IS8.347.38?
1
f
M i S f t T t 87,270. m
2,171,341*1 1.2,4M ,i f 8
. . . . ...1
b/m
72,411
877,1-1
11,783;
728,814

15,808, i n 1214.240,028
#
f l»,B 71
8,»S0,007i
f*J 5 i
1,740.813; 28,740,732
til,*$3}
15,1801

2,104,(01
8,179478

1896.
g ta c k o f P r i n t O l o l h t —
J i t nr. 27
A t Provid en ce, 64 squares. 31,8,000
A t F all R iv er, 61 sq u a res ..1,034,000
At F a t lB iv e r .o d d s iz e s .... 655,000
T o ta l stook ipleoea i ...2 ,00 7,000

1895.
J u n e 29

187,000
52,000
92,000
331,000

1804.
1893.
J u n e 30.
J u h /X .
292,000 121,000
559.0001
43,000
20 3.0001
1,054,000

167,000

10,7«4,r33 j U 8,810,910
«MM 4,721 154,748,771
4870.78&.£03,572,7 2 i
3,'4*5,00$ 37.O68.370

There has been an inactive mirket
in foreign dry goods in all seasonable lines despite efforts to
dean up broken stocks at low prices. Orders for dress-goods
silks, ribbons, hosiery and under-wear for fall have been mod­
erate and without new feature of moment.

$7,706,445*1M3,1 m j & j

Im p o r ta t io n * a n d W a re h o u s e W it h d r a w a l* < f D ry G ood s.

N o t b .— a l l th e a b o v e t lg n r e * a r e b a t e d o n t h e m o n th ly p r e lim in a r y
re tu r n s Is su ed b y the B u re a u o f S ta t is t ic * , a n d o o v e r a b o u t 9 9 p e r o e n t
O f t h e t o t a l e x p o r t * of b r e a d s tu d * a n d oil, 9 9 p e r c e n t o f p r o v is io n *
a n d n e a r ly 1 0 0 p e r a u n t o f c o t t o n .

The importations and warehouse withdrawals of dry g o o d s
at this port for the week ending July 3, 1896, and since
January 1, 1896, and for the corresponding periods of last
year are as follows:

B r'd«aff*-

w $m M ijt

IU4J9.722 101,144.805

PfOTl*iOCS ♦, 1 iM ftU K R u a g t t t,* *

Cotton. ..... i
Pstroi'm.ar

Tot. rains

i j m M * j t&MW0«3fe
S,8!SM*©! 80,169,49ft

7.837,381 m i l
1,881,1881 40,028,841

m m

* tacsadia* cattle and

a ail month# anS rear*.

F o r s e l l e r t n b lc a a v a a l l r r i v e n h e r e t e e p a g e

THE

DRY

GOODS

11.

TR AD E

N e w Y ork . Fr id a y , P. ML, July 3, 1896.
There has been more delay than expected in bringing the
required number of New England mills into agreement to
curtail production, but to-day it i« reported that signatures
representing 4,000,000 spindle* have been secured to the prop­
osition to reduce the output fifty per cent during this month
and next. Buyers have not shown by their action any appre­
hension o f the effect of this upon the market, a generally dull
and disappointing week’s business again b-tog recorded.
Both spot trade and orders by mail have failed to come up to
expectations. The only quotable change in prices has been in
wide sheeting*, which in several prominent makes have been
reduced 7*£ to ID per cent. In other ootton goods of staple
order sellers are occasionally inclined towards greater reserve,
but buyers do not find any difficulty in filling their require­
ments at previous price*. Print cloths show a firmer tend­
ency under prospective curtailment of output, but stocks are
excessively large. In woolen goods business in heavy-weights
for men’s wear has been more liberal, but buyers show no in­
terest in new goods for spring.
W oolen G oods.—Buyers still manifest almost complete
indifference to such new line* o f spring-weight goods for
men's wear as have been so far shown, the business done in
these being of a comparatively trivial character and insuf­
ficient lo afford any guide to the price situation. It w ill now
probably he the middle o f the month before there is a general
display. In heavy-weights reorders have been more numerous
and a better business is reported, hut, as before, it has been
largely confined to one or two descriptions, low and medium
gride fancy cheviots and ctssimeres.
Plain and fancy
worsteds continue slow. Kerseys and plain-faced goods of
that order are in fair demand by the cloaking trade
hut for over coating p irpooes orders are slow. Flannels are
inactive and bl tnkels in slow request at previous price*.
In
carpets an occasional advance of 2;.£c. is noted in tapestries.
Domestic Cotton G oods—T he exports of cotton goods
from this port for the week ending June 29 were 5,606
packages*, valued at 12:18,116, their destination being to the
point* specified in the 'able* below:

F o r e ig n

D ry

G o o d s .—

THE CHRONICLE.
______ *________

40

State /mo City Department,
TERM S

OF

S U B S C R IP T IO N .

[V o l. l x iil

Berkley, Va .—Bond Sale.—It is reported that 6 per cent
bonds of this town to the amount of $25,000 have b8en sold
at par.
Blaine County, Idaho .—Bowls Proposed.—H. H. Clay,
Treasurer, reports to the C h r o n ic l e that funding and re­
funding bonds of Blaine County are under consideration.

T hk I nvestors ’ S u p p l e m e n t will be furnished
without extra charge to every anmtal subscriber of the
Boston, Mass.— Bowl Sale and Offering —The city of
Boston has awarded $1,600,000 of bonds as follows :
C om me rcial a n d F i n a n c i a l C h r o n i c l e .
Bid.
T b s State a n d C ity S u p p l e m e n t will also be fu r­ B lake A D av, $700,000 o f h igh w ay bonds.......................................107 78
E ast R iv e r Savings Bank, $100,000 o f municipal bonds............. 108-05
nished without extra charge to every subscriber of the Bank o f Savings, N ew Y ork, $100,000 o f avenue bonds...............114-33
Chronicle.
T he Street R a i l w a y S u p p l e m e n t will likewise
be furnished without extra charge to every subscriber

of

Do
Do
Do
Do
Do
Do
Do

do
do
do
do
do
do
do

100,000
100,000
100,000
100,000
100,000
100,000
100,000

of avenue b o n d s .............. 113 13
o f avenue bonds................112 03
o f school-house bonds___ 112-33
o f school-house b o n d s___ 111-33
o f school house bonds ... 110-33
o f m unicipal bonds.......... 109-53
o f m unicipal bonds...........108'77

the C h r o n i c l e .
Bonds to the amount of $2,500,000 were offered for sale,
T he Q uot at ion S u p p l e m e n t , issued monthly, will the bids received ranging from 105 to 107-78 for $700,000 of
■iso be furnished without extra charge to every sub­ highway bonds, from 106-92 to 114-33 for $1,000,000 of Blue
scriber of the C h r o n i c l e .
TERM S for the C h r o n i c l e with the four Supple­
ments above named are Ten ollars within the United
States and Twelve Dollars in Europe, which in both
cases includes postage.
Terms of Advertising—(P e r Inch space.)
O netim e.
..................... $3 50 I Thr
Months (13 tames). .$25 00
One Month
(A times).. 11 00 Six ontha
(26 times).. 13 0 )
Two Months
(8 times).. 18 00 I Twelve Months (52 times).. 58 00
(The sbove terms for one month and upward are for standing oafds.

Hill and other avenue bonds, from 107-21 to 112 33 for $500,000 of school-house bonds and from 105 661 to 109 53 for $300,000 of municipal bonds. Proposals will now be received for
the remaining $900,000 still unsold.
A description of the securities is given below.
Highway loan, $700,000, payable July 1, 1916, with interest
payable semi-annually in January and July, at the office of
the City Treasurer, Boston. The certificates bear date of
July 1, 1896.
Blue Hill and other avenues, loan $1,000,000, payable July
1. 1936, with interest payable semi-annu illy in January and
July, at the office of the City Treasurer, BostoD. The certifi­
cates bear date of July 1, 1896.
School house loan of $500,000, pavable July 1, 1926, with
interest payable semi-annually in January and July, at the
office of the Citv Treasurer, Boston. The certificates bear
date of July 1, 1896.
Various municipal purposes, order of July 9, 1995, $300,000,
payable July 1, 1916, with interest payable semi-annually in
January and July, at the office of the City Treasurer, Boston.
The certificates bear date of July 1, 1896.
Interest for less than one month w ill be calculated on the
basis of 365 days to a year. The loans will be secured by sink­
ing funds providing for the payment of the same at maturity.

T h e p u r p o s e o r this State a n d City D e p a r t m e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall an&jyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State a n d C i t y S u p p l e m e n t to as near the current date as
Brockton, Mass.—Bond Sale.—It is reported that $40,000
possible. Hence every Subscriber will at all times possess a
of 4 per cent registered school bonds of Brockton were sold
complete and fresh cyclopaedia of information respecting on June 25 to Messrs. A L. Sweetser & Co. at 102-471. The
Municipal Debts.
securities are dated July 1,1896, interest is payable semiannuallv on January 1 and July 1, and the principal w ill
B o n d P r o p o s a l s a n d N ego tiatio n s. - W e have re­ mature at the rate of $2,000 yearly from July 1, 1897, to July
1, 1916.
ceived through the week the following notices of bondsBrooklyn, N. Y .—Loan Authorized.—Certificates to an
recently negotiated and bonds offered and to be offered for
amount not exceeding $2,000,000 have been authorized. They
sale.
will be issued in anticipation of the collection of taxes.
Anaheim, Cal.—Bond Election .—The citizens of Anaheim
Buffalo, N. Y .—Bond Sale.—On July 1 Buffalo refunding
will vote August 1, 1896, on issuing $18,000 of water-works
bonds were sold to Messrs. W. J. Hayes & Sons of Cleveland
and electric-light bonds.
Apache Co., A riz .—Bonds Authorized.—Jail and court at 10P413. Other bids received for the loau were as follows:
A Smith, B u ffalo.......................................................... 101-31
house bonds of this county to the amount of $15,000 will be Warren
Buffalo Commercial Ins. Co., Buffalo............................... . .....101*145
issued.
Erie County Savings Bank, Buffalo ...........................................100-00
Ashtabula, Ohio.—Bonds Defeated.—An election recently
The securities will be dated July 1, 1896, interest at the rate
held on issuing $200,000 of water-works bonds resulted in the of 3% per cent will be payable January 1 and July 1 at the
defeat of the proposition by a vote of 634 to 305.
office of the City Comptroller or at the Gallatin National
Athens. A la .—Bonds Proposd.—This city w ill petition the Bank of New York, and the principal w ill mature J u ly l,
Legislature for authority to issue bonds for water-works es­ 1916. The bonds will be ready for delivery on July 6.
timated to cost about $14,000. I f permission is granted the
Butler, P a .—Loan Authorized.—A loan w ill be issued for
question will then be submitted to a vote of the people.
paving and sew-er purposes.
Athens, tia .—Bonds Defeated—A. vote taken June 20 on
Cambridge, Mass.—Bond Sale.—It is reported that on
issuing $60,000 of paving bonds resulted in the defeat of the
June 30, 1896, the City of Cambridge awarded $100,000 of 4
proposition.
per cent,registered water bonds to the Greenwich Savings
Austin County, Texas .—Bond Sale.—On JuDe 15, 1896, Bank, of New York, at 107-910; also $100,000 of 4 per cent
this county sold $18,000 of 5 per cent 5-20 year jail bonds to registered water bonds and $70,000 of 4 per cent registered
Oldham, ol Dallas, Texas, for a premium of $48. Five building bonds to H. S. Homer & Co. at 107 388. A ll of the
bids in all were received for the loan. The bonds will be de­ bonds are dated July 1, 1896, interest is payable semi-annu­
livered July 10, 1896.
ally and tbe principal will mature July 1, 1916.
Avon, Hats .—Bond Offering.—Proposals will be received
Camden, N. J.—Oa June 22, 1896, the city of Camden sold
until July 6 for the purchase of $14,500 water bonds. The $200,000 of 4 per cent water-works bonds to Messrs. E. C.
loan will bear interest at the rate of 4 per cent and run from Scanwood & Co., of Bos'oa. at 102-65 and accrued interest.
1 to 29 years.
The securities are dated Juoe 1, 1896; interest is payable
; Bancroft, Neb .—Bonds Authorized.—It is reported that semi annually on June 1 and December 1, and the principa 1
water-works bonds have been voted.
will mature Juae 1, 1926.
Four bids were received for the loan as follows : N. W .
,-ar tun Heights, Va .—Bonds Authorized.— E. H. Smith,
Treasurer, reports to the C h r o n i c l e that an election held Harris & Co. offered 100 07 ; Street. Wykes & Co offered
June l i on issuing $25,000 of water-works, electric-light and 102-62 ; E. C. Stanwood & Co., of Boston, offered 102-65 ; E.
city hail bonds, resulted in favor of the proposition bv almost H. Rollins & Co. offerer’ 101-5-16.
Carlstadt, N. J.—Bow , Offering.—Proposals will be received
a unanimous vote. The securities will bear interest at the
rate of 8 per cent and run 30 years. They will soon be offered until 8 o’clock p. m . July 6. 1896, by Luther Shafer, counsel,
Rutherford, N. J., for the purchase of $7,500 of holds of the
, *or sale- The town has at present no bonded debt.
borough of Carlstadt, maturing at the rate of $500 yearly
Betlefontuine, Ohio .—Bonds Proposed.—A loan of $60,1
from January 1, 1897, to January 1, 1911. Bids are asked on
will probably bo issued for sewer purposes.
4, 4% and 5 per cent bonds.
Bellevue, Vs.—Bonds Authorized.—A t an election hi
Carthage, Ohio .—Bond Offering.—Proposals w ill be re­
rec-ntly ihe proposition to issue $75,000 of bouds to pay oi
ceived u util 12 o’clock noon, Julv 25, 18J6. by Lewis Hall,
standing warrants and make further street ami sewer i
Village Clerk, for the purchase of $6U 95 of 6 ner cu n village
provements was carried by a small majority.
bonds. The securities will be dated June 16. 1898, interest
Berrien Springs, Mlcb .—Bonds Authorized—Wuter-woi
will be payable anuu illy and the principal will mature part
«|«otne-liglit ton*1* of this town to the amount
yearly in from one to ten years, payable at the German N a ­
$2.j ,000 have been voted. - _f
tional Bank, Cincinnati, O hio.

J uly 4, 1896.J

THE CHRONICLE.

41

Charleston, Yf. Va.— Bonds Authorized.— School-house
Grafton, W. Va .—Bond Sale.—Imorove-nent biads of
bonds of Charleston to the amount of $30,000 have been voted. Grafton to the am mot of $10,000 have recently been s»ld at
Cleveland, Ohio.—N e w s I t e m . — The Supreme Court of par.
Grant County, N. M.— Bonds Not Authorized.—In refer­
Ohio has rendered a decision establishing the legality of
Cleveland sewer bonds to the amount of $153,000 recently ence to the report that bonds of this county have been au­
thorized, one of the county officials writes to the C hrontolb
awarded to Messrs. W. J. Hayes & Sons of that city.
that no new bonds are to be issued.
Cohoes, N. Y . — B o n l O f f e r i n g . — Miller Hay. Chamberlain,
Great Falls, Mont.—Bond Sale.—On June 25, 1896, the
will sell at public auction at noon, July 9, 1896, $15,000 of 4
per cent registered school bonds, maturing at the rate of city of Great Falls sold $34,500 of 6 par cent funding bonds to
$5,000 yearly from January 1. 1909 to 1911, and $5,000 of 4 B. D. Hatcher, of Great Falls, at p ir and accrued interest,
per cent registered burial ground bonds, maturing July 1, this being the only bid in accordance with the advertisement.
1901. Interest on both loans w ill be payable semi-annually Several other bids offering premiums were received but they
on January 1st and July 1st at the office of the Central Trust were subject to the legality of the bonds. The securities are
dated July 1, 1896. interest will be payable semi-annually on
Company, New York.
January 1 and July 1, and the principal will mature July 1,
Conghohocken, Pa.— B o n /1 S a le .— On June 28, 1896, the 1916, with an option of call after July 1,1906. Both principal
borough of Conshohocken sold $42,000 of 4 per cent bonds to and interest will be payable in gold coin.
the Edward C. Jones Company of Philadelphia for a pre­
Hamilton, O.—Bonds Proposed.— Refunding water-works
mium of $820. Six bids in all were received. The securities
are dated July 1, 1896, and mature at the rate o f $7,000 every bonds of Hamilton to the amount of $5,500 have been pro­
five years. The loan is issued to pay off all other indebtedness posed.
Hawkinsvllle, Ua.— Bonds Authorized.—Bonds of this city
of the borough, and is exempt from taxation.
will be issued for water works and electric lights.
Coraopolls School District. Pa.— B o n /1 O f f e r i n g . —Pro­
Irw in. Pa .—Bond Election.— A vote will be taken July 14
posals will be received until 8 o’clock p. st. July 6, 1896, by
William C. Neely, President of the Board of Directors, for the on issuing $55,000 of water-works bonds
Jamaica School District. N. T —Bonds Authorized.—
purchase of $80,000 of 4*£ per cent school builrting bonds.
The securities will be dated September 1, 1896, interest will Bonds of ihis district to the amount of $10,000 have been
be payable semi-aonually on March 1 and September 1, and ! vnfpH.
the principal will mature Septe uber 1. 1926.
Johnstown, Pa.— Bonds Authorized.—Bonds to the amount
Proposals will be received until 8 o'clock p. x , July 16,1896. |of $20,000 have been voted for various purposes.
by the School Board for the purchas- of $14,000 of 4J^ per cent i
Kittson County, M inn.—Bond Sale — Five per cent 26coupon bonds. The securities w ill b- dan-d August I, 1896, !
year bonds ofth is county to the am mat of $14,000 have been
interest will be payable semi annually on February 1 and 1sc Id.
August 1, and the principal will mature at tne rate <>f $1,000 |
Lansing. Nich.—Bond Sale.—Oa June 29, 1896, th“ citv of
every other year from August 1, 1898. to August 1, 1924.
The total indebtedness of the district, including the above- Lansing sold $50,000 of 41j per cent paving bonds to VV. J.
Hayes
Jfc Co., of Cleveland, Ohio, for a premium of $350 and
mentioned bond-, will be $22,0*10. Its assess -d valuation
is $1,103,398, and the population, according to local figures, accrued interest. The securitiea are dat d July 1. 1898, in­
terest is payable annually and the principal w ill mature at
is 3,000.
rale of $10,000 yetrly from Octo i-r l, 1897, to October 1,
Covington, S j , — B o n d E l e c t i o n . — The people of Covington I the
1901. both principal and interest being piyable at New York.
will vote on issuing bonds to the amount of $60,000.
Bids dejected.—Bids were als i received recently for the
CrlsOeld. Hd.— B o n d s P r o p o s e s !. — I ’, is proposed to issue i purchase of $5o,000 of 4 per cent Citv Hall bonds, all of which
bonds for water-works estimated to Cos’ about $13,000.
were rej-cted. This loan will soon be re-advertised. The
bonds will mature at the rate of $'0,000 each year in 14. 16,
Crowley, La.— B o n d s P r o p o s e d . — (’his municipality has 18. 19 and 20 years from date.
petitioned the Legislature for autnority to issue water and [
Los A n g e le s , Cal —Bond Offering.—Proposals will be re­
light bonds.
ceived until July 6. 1896. for the purchase of $25,000 of im ­
Ilexter, Ho. — B o w l s A u t h o r i z e d . — Electric-light bonds to
provement bonds, the loan to bear interest at the rata of 7 per
the amount o f $10,000 have been voted.
Cent.
D ouglaavillr, t i n . — B o n d s A u t h o r i z e d . —Tne citizens of ! Lowell, Hass.— Howl Sale.— On June 30, 1896, the city of
Douglasville have voted in favor of issuing water bonds for : Lowell sold $100,000 of 4 oer cent registered school building
$15,000. The securities will bear 6 per cent interest and run ! bonds to E. C. Stan wood & Co at 110 25 and accrued interest.
for twenty years.
The securities are dated July 1. 1896, interest is payable semi­
Dover, N. H.— B o m t S a le . — It is reported that 4 percent annually, and the principal will mature July 1, 1926.
funding and bridge bonds of Dover to the amount of $95,000 i Twelve bids were received for the loan asfollows :
bav. recently bten add to G orge A. Feruaid & Co. at 103,
Bid.
.110-25
763 The loan matures at the rate of $5,000 yearly from July ] E. C. Htamwood A Co...
<V Oo
.110*151
1, 1898. to July 1, 1916.
E H. Hmy Ac < ..........
.109-29
.........
.109*079*
East Cleveland. Ohio —Bond Election — The citizens of i • ! I»»
I. Q u tn u in l............
.108-79
East Cleveland will vote July 13,1896, on Issuing water-works , W.
E*UbriKik A Go
....
.108-769
bonds to the amount of $35,000.
Htreet, Wtkea At Co
.108-276
Having* Bank
..108-27
East Rutherford, N. J.— B o n d O f f e r i n g . —Proposals will be Franklin
Hor*c*» 8 H o rn er* Co.
.lf8*24fr
received until 8 o’clock P. M. July 6, 1896, by Luther Shafer, K. II. Rollins * rtou* ..
.108*25
.10809
counsel, Rutherford, N. J., for tne purchase of $7,500 of boods J. W. LongAtreet A C o ..
..106*9
o f the borough of East Rutherford, maturing at the rate of $500 EL W. Bigelow.........
Lunenburg County. Yu.—Bond Offering.—Proposals w ill
yearly from January 1, 1897, to January 1, 1911. Bids are
be received until ooon July 25, 1836. by John L. Yates, Clerk
asked on 4,
and 5 per cent bonds.
Evanston. Ohio.— B o n d O f f e r i n g . — Proposals w ill oe re­ of Board of County Supervisors, for the purchase of $6,000 o f
ceived until noon| July 15, 1896, bv Wm. H. Knapp, Village 10-year bonds.
Lynn, Hass.—Bond Sale.—It is reported that this citv has
Clerk, for the purchase of $7,498 43 of 16 per cent street im­
provement bonds. Thesecurit sw ill be dated July 16, 1896, sold $40,000 of sewer bonds to Messrs. R. L. D iy & Co. at
164-829. The securities bear interest at the rate of 4 per cent
interest will be payable annually .and the principal will ma
ture in equal annual instalments in from oae to ten years, and run twenty years.
both principal and interest to be payable at the Atlas National
Manchester, N. II.— Bids Received.—Below is a list of bids
Bank, Cincinnati, Ohio.
received on June 26 for th- purchase of $130,000 of 4 per cent
Fall River, Hass.— H o w l O f f e r i n g . — Bids w ill be received bridge bonds and $54,000 of 4 per cent school bonds.
Bids fo
Hid* fo r
until Juiy 7 at 12 o’clock, nooo, by City Treasurer Charles P.
school
Bridge
Bonds.
Bo
tuts.
Brightman for $100,000 of Fall River sewer bonds. The secu­
a, Mans...... ............1(>0 64
101-33
K H. R oUIoh A Sons, B
rities will be dated July 1, 1896. interest at the rate of 4 per Horace S. Homer A Co.,
do
......
............100*26
104*36
do
A. Fernakl A Co.,
cent will be payable semi annually on January 1 and July 1, Geo.
103-575
do
N W. Harris A Co.,
......
103*89
do
...... ............100 41
and the principal will mature July 1, 1926. The loan is to be Blodget, Merritt A Co.,
103-70
do
......
Kntabrook A Co.,
103*41
secured by a sinking fund. Propa*^ Mi must be made subject Blake Brow. A Co.,
do
__
103-079
do
.
....
K
L.
Day
A
Co.,
to accrued interest.
The bridge bonds will mature at the rats of $25,000 yearly,
T h e o ffic ia l a d v e r t i s e m e n t o f th is loan w i ll b e f o u n d else­
from July 1, 1897 to 1900, inclusive, and $30,000 on July 1,
w h e r e i n t h is D e p a r t m e n t .
1901.
Flashing, Jf. V.—Bonds Proposed.—Paving bonds to the
Meriden. Conn.—Bond Sale.—Four per cent 17-year water­
amount of $32,000 will probably be issued.
works bonds of Meriden to the am mot of $20,000 have been
Galveston, Texas.— B o w l s
A u t h o r i z e d . — Water-works
sold to the Meriden Savings Bank at 164-75.
bonds to the amount of $50,000 will be issued.
.Minneapolis, Minu .—Bond Sale.—On July 1 Minneapolis
Glen Ridge, M. J .—B o n d s A u t h o r i z e d . —The citizens of bonds to the amount of $100,000 bearing 4 per cent interest
this borough voted June 30 in favor of issuing $60,000 of were awarded to Messrs W , J. Haves & Sons of Cleveland at
bonds for improvements. The votes cast were 157 for and 61 105-25. The securities are dated July 1, 1896, interest will be
against the proposition. The binds will not be issued, how ­ payable semi-annually, and the principal will mature July 1,
ever, until the Supreme Court passes upon the legality of the 1926. both principal and interest to be payable at the city s
fiscal agency, New York.
proceedings, the case to be argued in November.

THE CHRONICLE.

42

[V ol . LXIIU

O h io — News Item.—S. B. Campbell, State Treasurer, re­
MiMlsHppi. — B o n d S a le .— O n Juae 30, 1805, the State of
Mueu-wippi sold $400,003 of 5 par cent coupon bondt for a to al ports to the Ch ro n ic le that the Sinking Fund Commissioners
premium of 119,513.13. A list of the awards nude is given of the State of Ohio are at present in this city cryiag to nego­
tiate a loan of $250,000 for whicn bids ware recently received
b e lo w :
Ko hondtt
and rejmted. Interes. on the loan at the rate of 3 per cent
$iOO each. Price.
is payable semi-annually on January 1st and July 1st, and
105 >*
_____ 4
JoUaTrf*-' Bftuktua CoiupAuy, Okoloaa, Miss
the principal will mature July 1,1901. Princioaland interest
105
. ...
8
John Trio« Banklon Corunanv. Okoloaa. Miss,
will be payable at the American Exchange National Bank,
..... 2 105
John Work*, Possum NVck. Miss—
...... 8 105
Flr*t Nmluoal Hank. Vicksburg, Mica. ...........
New
York.
10151
....150
B tito Hank. Columbus*. Mi**. ...... .................
O il City, Fa.— Bonds Defeated. —An election recently held
104-20
......
6
H S McLauriu, Brandon, Mis*.......... . . . . . . .
104
...... 50
on issuing $53,000 of water-works bonds resulted ia the defeat
First National Bank Meridian. Miss............
101
____
6
T ru s ts * of Masonic Home, Javkaon, M iss....
of the proposition.
103 3l
...... 10
i.
-s, l V. r , U «
M
....................
103 3)
. ... 10
Omro, WIs.—Bonds Authorized.—Funding bonds of this
B. T. Guyton, Oxford. M is s .......................
103>*
...... 20
R. M. Parker. Administrator, Jackson, Miss.
village to the amount of $5,000 have been voted. Tbe loan
103
......
1
ton. Juckaon, M ia s ...............
will bear interest at the race of 5 per cent and mature at the
103
. . . . 24
iws, Jackson, M1m ...............
101
....... 4
rate of $1,000 yearly in from 11 to 15 years from date.
A A. MoPheursou, Vaiden, MUs............. .......
102625
...... 10
J. C. Purnell. Wiuona. Miss.........................
Palatka, Fla.— Bond* Proposed.—Sewer bonds of this city
..... 22 1»23j
Thoa. H. Somerville. NVluona, Mies................
102*are under consideration.
Mr*. Marv Elliott. Jackson, Miss...................
102 Si
10
E A $. Vlrdcn. Jackson, Miss.......................
P alo Alto, Cal.—Bond Offering.—Town Clerk H. W. Smith
..... 10 1023,
P M. Hardloff. Vicksburg, Miss ..................
reports to the C h r o n ic l e that the time for receiving bids on
10
.......463
.8. A. Kean. Chicago. I I I . . . . ............................
$40,000 of 5 per cent gold water-bonds has been extended and
8 i0
the date of opening has not yet been fixed. The securities
Interest is payable semi-annually in January aui July, and will be date! July 15, 1896, interest will be payable semi­
tbe priocipal will mature July 1, 1906, with an option of call annually on January 15 and July 15, at the office of the Town
after five years from date. The bonds are non-taxable.
Treasurer, or elsewhere to suit the investors convenience, and
Monelt, Ho— B o n d O f f e r in g .—Proposals will ba received the principal will mature at tne rate of $1,000 yearly from
until 6 o'clock P. m . July 14, 1895, by R. A. Gardner, City July 15, 1897, to Julv 15, 1936. The town has at present no
Clerk, for the purchase of $4,500 of 0 par cent 5 20 year bonded debt, and its assessed valuation is $700,000; actual
valuation $1,200,000.
bonds,
PennBburg, Pa. —Bonds Authorized. -An election recently
Monroe County, N. Y.— B o n d O f f e r in g .—Proposals will be
received until July 8, 1896, at 12 o’clock, noon, by County held on issuing $21,000 of water-works bonds resulted in favor
the proposition by a vote of 145 to 19. The securities will
Treasurer J. B. Hamilton, at Rochester, N. Y., for the pur­ of
bear interest at the rate of 4 per cent The indebtedness of
chase of $50,000 of 3% per cent Monroe County court house the borough is at present only $650, and its assessed valuation
bonds. The securities will be dated Aug. 1, 1898, interest is $317,855.
Perth Amboy, N. J —Bond Offering. —Proposals will be re­
will be payable semi-annually on Feb. 1 and Aug. I at the
office of the County Treasurer or at the American Exchange ceived until 8:30 o’clock p. h., July 6, 1396, by Harry Conard,
Treasurer, for the purchase of $12,000 of
par cent
National Bank of New York City, and the principal will ma­ City
water bonds. Interest will be payable semi annually on
ture Feb. 1, 1920.
January 1 and July 1 at the Middlesex County Bank, Perth
.4 s ta te m e n t o f th e p re s e n t d e b t a n d g e n e r a l f i n a n c ia l c o n ­ Amboy, and the principal will mature July 1, 1916, payable
d i t i o n o f th e c o u n ty , a ls o a c o p y o f th e p r o p o s e d f o r m o f in gold coin.
Pni ladelpliia, Pa.— Bonds Authoriz id.— On July 2 the Com­
b o n d f o r th is issue, u n it be f o u n d i n c o n n e c t io n w it h th e T r e a s ­
mon Council of Pniladelphia passed an ordinance authorizing
u r e r 's o ff ic ia l a d v e rtis e m e n t elsew here i n th is D e p a r t m e n t .
the issuance of city bonds for various purposes to the amount
Moundsrille, VY. Va.— B o n d s A u t h o r iz e d .—School binds of of $8,003,000. Interest on the loan is no: to exceed 3 % per cent.
this town to the amount of $5,000 have been authorized.
Bonds Proposed.— A bill has been introduced in tne Council
providing for tbe issuance of a $1,000,000 loan for school
Mount Airy, N. C.— B o n d O f f e r i n g —Proposals will ba re­ purposes.
ceived until July 10. 1896. by W . E. Merritt, Town Treasurer,
Pifi ta.Ollib. —Bond Election.— A vote will be taken July
for the purchase of $25,000 of 5 per e-me water binds. In­
terest will be payable semi aanuitiy at tha Htn >ver National 6th on issuing water-works bonds.
Bank, New York, and the principtl will mature in 31 years,
Providence, R. I — Bonds Proposed -Tnis city will peti­
payable in gold.
tion the L jgidature for authority to issue $325,030 of bridge
The bonded debt of the town, including this issue, is $45,- bonds.
000; fl sating debt, $1,351; total debt, $46,351. Its assessed
Reading, Pa.—Bond Offering—Proposils will be received
valuation of real and personal property is $629,000; estimated until
7 o’clock p. m., July 14,1896, by the Camnitcee on
actul valuation, $1,000,000. The population according to local Finance,
for the purchase of $230,000 of bonds.
figures is 3,000.
Rich
in
>nd H ill, N. V.— B o n d S a le .— O a June 25, 1896, the
Mount Vernon, Ohio.— B o n d O f f e r in g . —P. B. Chase, city
olerk. rep rts to the C h r o n ic l e that bids will be received un­ village of Richmond Hill sold $50,000 of 4 per cent bonds to
til July 13, 1896, for the purchase of $15,000 of water-works Messrs. Daniel A. Moraa & Co , at 107-169 aud accrued inter­
bonds recently voted. The securities will be dated July 1, est. The loan is issued for the purpose of macadamizing the
1896, will bear interest at the rate of 6 per cent, and will streets. The securities are dated July 1, 1896, interest is pay­
able semi-annually on January 1 and July 1, and the principal
mature in 20 years.
Natick. .Mass.— Bond Sale.—Oa June 29. 1896, the town ol will mature at the rate of $5,000 yearly from July 1, 1926, to
Natick sold $25,000 of 4 per cent spwerage bonds to E. H. Ga* July 1, 1935, inclusive, both principal and interest to be pay­
& Co. at 106 44 and accrued interest. Tha securities are ditec able in gold.
present debt of the village is $115,000, all bearing inter­
July 1, 1896, interest will be payable semi-annu illy in Janu estThe
at the rate of 4 per cent. Its assessed valuation, which is
ary and July, and the principal will mature July 1, 1926,
about one-third of the actual value, is nearly $2,000,000. The
New Britain, Conn.—Bonds Authorized.—Sewer bonds t< population, according to local figures, is between 2,500 and
the am unt of $75,000 have been au-.li jriz ;d by the Council.
3,000.
Newport News. V a —Bonds Authorized.—Bonds to tin
Ripley, Ohio. — B o n d O f f e r i n g —Proposals will be received
amount of *9.1,000 will be issued for various purposes.
until 12 o’clock (noon), July 6, 1836, by W. L Maddoy, Vil­
Non t "ii, Kan. — B o iu l E l e c t i o n .—It is reported that an elec lage Clerk, for the purchase of $23,003 of 5 pir cent water­
lion will be held to vote on issuing bonds for a water supply works bonds. The securities will be dated July 6, 1898, in­
Newton, Mass.— B o n d S a le .— O j June 27, 1896, the city ol terest will be payable semi-annually, and the principal will
Newt.m -old $100,000 of boulevard bonds due July 1, 1916 a1 mature in thirty years from da e, with an option of call after
106 09j: alsn $,0,000 of sewer bonds and $70,000 of watei ten years, both principal and interest to be payable at the
bon.h due July 1, 1926, at 107 534; also $00.0J0 of Washiugtot Merchants’ National Bank, Cincinnati, Ooio.
Street widening bonds due July 1, 1936, at 108-033. Thi
St. Paul, Minn.— C e r t if ic a t e O f f e r i n g .—Proposals will be
boulevard water and sewer bonds were awardel to E H received until noon July 13, 1896, by j. J. McJardy, CompRollins A sons, and tbe street widening bonds to R. L Day & troller, for tbe purchase of 300 certificates of indebtedness of
Co. Interest on the loans at the rate of 4 per cant is payable the City of St. Paul of the denomination of $530 each, issued
ecmi annually on January 1 and July 1.
J
m anticipation of the collection of taxes. The securities will
A li-t of the bids received for the securities is given below bi dated July 15, 1896, interest at the rate of 5 per cent will
Hitts fo r
llids for
Bids fo r
Bids To.
be payable semi-annually and the principal will mature July
15, 1897. Bids must state distinctly how much will be offered
in dollars and cents for each certificate over and. above par
and accrued interest.
S
Salmon, Idaho. B o n d E l e c t i o n .—An election will probably
I . H. Kollloh A Son.-...........106-093
107-534
107 534 108-03
be held to vote o i issuing: $15,000 of water-works bonds.
WiutliropKatl Bank . . . . . . . .
108'35
5 196-35
)
Sausulito, Cal B o n d s P r o p o s e d , —-A. vote will probably be
♦ • U b ro o k A C o ....................105100-50
lo e - lo ^ fo T - G J i
taken on issuing $20,000 of bonds for sewers.
I ‘>v 7 , Vnrlf (’nT-—Bond R e d e m p t i o n .— On July 2 Comptro
acaeneciaay, « . X . - V o n d O f f e r i n g .-Proposals will be reler I itch redeemed about $8,000,000 of 6 per cent city bonds
ceived until July 8, 1835, by H. W. Bennington, City TreasI l a v T ""la*'8 " ere dUe M8y *’ 1926, and aub29ct t(> nail aftei £ere^ for, the Purcba30 of *30,000 of water-works bonds and
$o,900 of sewer bonds.

s

s

v

S

Si ?

J o lt

THE CHRONICLE,

4, 1 8 ««. |

43

Sea CUff, L. 1., N. Y.—Bonds Defeated.—Renry C. Smith,
Village Treasurer, reports to the C h h o s ic l e that an elec­
tion held June 27 on issuing $26,000 of street improvement
bonds resulted in the defeat of the proposition. Tne Treas­
urer also writes that the reason for this result was that the
resolution calling for the appropriation did not specify defi­
nitely in what way the streets were to be improved.

000 improvement bonds. The securities will be dated July
13, 1896, interest will be payable semi-annually, and S62,OOo
of the principal will mature July 13, 1921, and $63,000 July
13,1926. Both principal and interest will be payable at the
Importers’ & Traders’ Bank, New York. Bids are asked
for bonds bearing interest at the rate of 4 per cent or for 4L{
per cent bonds.

Sharpsville. Pa .—News Item —A vote was to have been
taken June 26 on issuiog $33,000 of water-works bonds,
but the City Treasurer reports to the Ch b o x ic ls that the elec­
tion was declared off, as the amount to have been voted was
in excess of the legal limit o f 2 per cent of the assessed valua­
tion.
SistersTille. W. V a — Bond Election.—A vote will be taken
on i.-suing $25,000 o f building bonds.

Trenton, N. J.—Bonds Authorized .—Bonds of Trenton to
the amount of $40,600 have been authorized bv the Council
for sewer purposes.
Union, S. 0 .—Bond Election .—It is reported that $40,000
of bonds have been voted for water-works and electric
lights.

Yailsbarg, N. .1.—Bonds Proposed.—Water-works bonds to
the amount of $30,000 are under consideration.
Spartanburg. S. V. —Bond Election.— A vote will probably
West Chicago. 111.—Bond Sale.—On June 25, 1896, the
be taken on issuing $50,006 of sewer bonds.
town of West Chicago awarded $330,000 of 5 per cent park
Siocktou,
J —Bonds Proposed.—Bonds for paving pur­ bonds to Messrs. Farson, Leach & Co. at 101*18 and accrued
interest. Tw o other bids were received, one from the Illinois
poses are under consideration.
Trust & Savings Bank, offering 101, and one from W . J.
Suisnn, Cal.— Bond Election.— A vote will be taken July Hayes & Sons, of Cleveland, which was the highest bid, but
13, 1806, on the question of issuing water-works bonds to the was thrown out on account of irregularity. The securities
amount of $42,000.
are dated July 1. 1895, interest is payable semi annually, and
Sumter County, S ( ’.—Bond Offering.—Proposals will be the principal will mature July 1, 1915, with an option of call
received until 12 o'clock M. July 6, 1896, by the Board of after July 1, 1900. Po:h principal and interest to be payable at
County Commi-sioners for the purchase of $15,000 of 6 per the office of the West Chicago Park Commissioners. These
cent c'onnty bonds.
Interest will be payable annuilly and bonds are part of an authorized is^ue of $600,000, $250,000 of
the principal will mature in ten years. Tne bonds are to be the amount having previously been sold.
West Point, (Ja.—Bond Offering.—J. J. Smith, Mayor, re­
exempt from all taxation.
Three Oaks, Mich .—Bonds Authorized.—The people of ports to the C hronicle that proposals will be received for
Three Oaks have vo.ed in favor of issuiog water bonds for the purchase of $20,000 of improvement bonds. The securi­
$10,650. One of the officials reports to the C h r o s ic ls that ties will be dated August 1, 1896, will bear interest at the rate
a large number of bid* have already t>een received for the of 6 per cent, payanle semi-annually, and will mature in 30
loan, which will probably be placed at private sale without year*, both principal and interest to be payable in gold in
N e w York City, at the option of the holder.
advertising.
These bonds were authoriz -d at an election held May 18,
Toledo, <'hlo.— Bowl Offering — Proposals will be received only two votes oeing cast against the proposition.
until 7:80 o'clock July 18. 1896, by H. W . Compton, Clerk of
the Board of Education of Toledo, for the purchase of $125,H P* F o r o t h e r p r o p o s a ls see n e x t p a g e .

NE W

N E W LOANS.

N E W LOANS.

t o a d v e r t l * « f o r b i d * f o r c o u n t y b o n d s , in a c c o r d a n c e
w it h t h a a b o v e . u n d e r th e d ir e c t io n o f t h e C o m m it ­
t e e o n T r e a s u r e r '* A c c o u n t * .

Notice of Redemption.

LOANi.

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t h e ( o u n t y T r e a s u r e r to i s a a e o b l i g a t i o n *
e f l i t e C o u n t y o f M o n r o e to t h e o m o a n t o f
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u r r r ’ s roim w lttre,
p u r s u a n t to C h a p t e r
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''a id resolution
ur ns p a s s e d b y t h e f o l l o w i n g r o t e s * in f a ­
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l i t nt v*,i. T h a t t h e C o u n t y T r * a * a r * r b e a n 1 b e t *
h e r e b y a u t h o r iz e d a n d d lr e r t o d to is s u e
t io o * o f th e C o u n t y o f M *> n m « to t h e
• b O .W W , w h i c h o b l i g a t i o n * s h a l l b e d a t e d
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w i t h I n t e r e s t a t t h e r a t e •>f S ' * p e r e t n t p e r a n n u m ,
p a y a b le * e < n L a n n u a )ly o n t h e firs t d a y s o f F e b r u a r y
a n d A u g u « t In e a c h s e a r . S a id b o n d * a n d c o u p o n * I f
m j . t o b e s ig n e d b y t h e T r e a s u r e r o f t h e C o u n t y o f
M o n ro e a n d e t o n t m l i m e l b y t b s C h a ir m a n o f t h «
B o a r d o f S u p e r v is o r * o f s a id c n u n ty a n d t o b e n e g o ­
tia t e d b v t h e C o u n t y T r e a s u r e r a t n o t le a s t h a n p a r .
u n d e r t b * d i r e c t I* >n o f t h e c o m m i t t e e « m T r e a s u r e r «
ao o o n n t : a n d b e it fu rth e r
J fo b frr d . T h a t th e C o u n ty o f M o n r o * s h a ll h e r e ­
a f t e r r a i s e a n n u a l l y b y a t u x a s u m * u f f i . »*>nt t*. p a y
t h e I n t e r v a l a n d p r i n c i p a l o n * a u ) b o n d s a * th«? s a m e
s h a l l b e c o m e d o e . a n d b e it f u r t h e r
Jfcantir<>»d. T h a t t h e D r o o e < I < a r i s i n g f r o m t h e s a l e
o f M i d o b li g a t i o n * s h a ll b e u s e d f o r t h e p u r jN .s e o f
p a y t t u r f o r t h e G n n a C n M C t )m o f t h e n e w C o u r t H o u s e
n o w b e i n « b u ilt b y M t d c o u n ty , b a ld o b li g a t io n * to
b e i* * «t e d e t ih e r In c o u p o n * o r r e g is t e r e d fo r m , a n d
P a y a b l e , n r i n c i t - a l a n d I n t e r .* a t , a t t h e o f l e e o f t h e
T r e a s u r e r «.f M o n r o C o u n t y , o r a t t h e A m e r ic a n
E x c h a n u * N a t l >nal B a n k i n t h e d t y o f N e w Y o r k , a t
t h e o p t i o n o f t h e p u r c h a s e r ; b e It f u r t h e r
ftos o i r s a . T h a t t n e b o n d g i v e n b y t h e C o u n t y t r e a a o r v r I * h e r e b y d e e m e d s u ffic ie n t s e c u r it y f o r t h e
f a i t h f u l p e r f o r m a n c e o f h i * d u t i e s in t s a u ir u r s a i d
b o n d * , a n d t h e l a w f u l a p p lic a t io n o f t o e f o n d * a r is ­
i n g t h e r a f r . m i.
T ft e p e rs o n o r p e rs o n a t o s rh o m t h e o b lig a t io n s a r e
a w a r d e d w i l l b e r e - i ( r e d . u p o n n o t i c e o f t h e a r - «>i»t
a n e w o f f h * t r b i d , (*• d e p o s i t w i t h t h e T r e a s u r e r o f
th i* C o u n ty , a * a fo r fe it u r e fo r th e p e r fo r m a n c e o f
th e ir c o n tra c t, 5 p e r c e n t o f th e a m o u n t o f o b lig a ­
t i o n * a w a r d * I t o ( h e m . a n d o n o r b e f o r e t h e fi r s t
d a y o f A u g u s t . w o n . w h e n *!*•• b o n d * w i n b e r e a d y
f . .r d e liv e r y , t o d e p o s it w it h s a id T r e a s u r e r th e b a l ­
a n c e o f s a i d b id .
A ll p r o ^ a a U m u s t b e d ir e c t e d t o t**e T r e a s u r e r o f
th e C o u n ty o f M o n ro u * R o c b e a te r . N e w Y o rk .
•fllro >»ox 3t>», ari l I n d o r s e d " P r o p o w n i * f o r B o n d s . '*
T h e f o r m o f b n d s h e r e b y A t t a c h e d Is a n w c iS e d a s
fo r m o f P o n d t o he Issu e d .
Jttird M . T h a t t h e C o u n t y T r e a s u r e r b w a u t h o r i z e d

C O U N T Y

R e d e e m a b le ..
I n t e r e s t «c m l a n n u a lly

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WAN

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of

M O N R O E

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T r a n s f e r a b le o n ly at t h e o ffic e o f t h e
T re a s u re r o f th e C o u n ty o f M o n ro e .
R o c h e ste r, N . * .

n r Tftz.SK PR B IB STS.

T h a t th e C o u n ty o f M o n ro e, N o w Y o rk , fo r v a lu e r e ­
c e iv e d . h e r e b y a g r e e * a n d p ro m is e * t o p a y to
«*r a s s i g n * t h e s u m o f F i v e T h o u s a n d I ) j f l a r s , l a w f u l
m o n e y o f th e U n it e d S ta te s o f A m e r ic a o n th e i t « •e n ta tt< »n a n d s u r r e n d - r o f t h i s b o n d a r t b e A M E R
I C A N B X C 1 I A X I j K N A T I O N A L B A N K . In t h e d t y
of N ew
Y o rk , on th e
. . d a y o f ................... I n t h e
y e a r o f o u r L o r d o n e t h o u s a n d n in e h u n d r e d a n d
..................w i t h i n t e r s * ? t h e r e o n a t t h e r a t e o f 81*
l«e r c e n t p e r a n n u m fr o m t h e d a t e h e r e o f , p a y a b le
s e m i a n n u a l l y o n t h e firs t d a y o f F e b r u a r y a n d A u g ­
u s t. in e a r b y e a r a t t h e s a id A m e r ic a n E x c h a n g e
N a t i o n a l R a n k . In t h e d t y o f N e w Y o r k , u n t i l t h e
p r i n c i p a l t u rn h e r e in s e c u r e d la f u l l y p a id .
T h l * b o n d 1* t r a n s f e r a b l e o n l y a t t h e O f f i c e o f t h e
T re a su re r
of
M o n ro e
C o u n ty ,
tn
th e
c ity o f
R o c h e s t e r . N e w Y o r k , a n d I* i s s u e d u n d e r a n d In
p u r s u a n c e o f C h a p t e r H W o f t h e L a w * o f 1892, a *
A m e n d e * ! a n d In a c c o r d a n c e w i t h t h e r e s o l u t i o n o f
th e B o a rd o f C o u n ty £ u p e rv t»o n i a d o p t e d o n t b e
< la v o f . .
. 189 , f o r t h e p u r p o s e o f
ra is in g m o n e y to p a y f o r t b e c o n s tr u c t io n o f th e
n e w C o u r t ffo it a e .
/ *
I F / 7* % B * $ I * H E R € O F . T h e H o a r d o f g o p e r v l s e r s o f t h e C o u n t y o f M o n r o e h a v e < > *u *eu t h e s e
p re v e n ts to b e d u ly s e a le d a n d s ig n e d b y t h e T r e a s
u r e r o f th e C o u n ty a n d c o u n te r s ig n e d b y th e C h a ir
m a n o f s a id
B o ard . an d
d a t e d t h e ..........d n v o f
....
..In t h e y e a r o f o u r L o r d
o n e th ou san d
e ig h t h u n d r e d a n d n in e ty -*«x .
[S B A K
....................................................
C o u n ty T re a s u re r.
C o u n te rs ig n -*d b y

is s u e d

under

1 2 .4 8 6 , n u m b e r e d

a n d n in e ty -th r e e

b o n d s o f t h e C it y

a u th o rity

fro m

of

o rd in a n c e

n in e ty -se v e n

h u n dred

97 9SJ t o n i n e t y - e i g h t h u n d r e d a n d

e i g h t y t w o ( 9 8 8 2 ', b o t h

in c lu s iv e , w ill

be

red eem ed

o n th e s e c o n d d a y o f J a n u a r y , e ig h te e n h u n d r e d a n d
n ln e t y -e e v e n . p u rs u a n t
n a n c e N o . 1 2 .4 8 5 . a n d

to

th e

th e

te rm s

te rm s

of

s a id

ex p ressed

o r d i­

in

s a id

b o n d s , a n d t h a t s a id b o n d s w i l l c e a s e t o b e a r in t e r e s t
o n s a i d s e c o n d d a y o f J a n u a r y , 18 97 .
d a te d

J u ly

2 d , 1881. a r e

p a y a b le

S a id

J u ly

b o n d s are

2 d , 1903. a n d

a r e r e l c e m u b l e a t t h e o p t io n o f t h e C it y o f 8 t. L o u i
a t a n y tim e a lt e r te n y e a r s fr o m th e ir d a te .
E a c h o f s a id

bon d s, w h en

tio n , m u st h a v e th e
In te re st

coupons,

p re se n te d

t h irt e e n

u n e a rn e d

n u m lie r e d

fr o m

fo r

re d em p ­

s e m i-a n n u a

tw e n ty -e ig h t

f o r t y , in c lu s iv e , a t ta c h e d .
T h e s e b o n d s a r e c a lle d In fo r

th e

p u rp o se

o f p er­

m a n e n t re tir e m e n t .
..................
: L.

C. P. W

a l b u id o e

8. '

,

M ayor.
I

s a a c

H .

s t u r g e o n

,

C o m p t r o lle r .
A ttest:
H . J. POCOCK.
R e g is te r .

J

r 'h u i n u a n B o a r d o f S u p e r v i s o r s .
S e e in d o r s e m e n t
A ls o p la c e io r tru n fo r o n b a o k
o f b o n d .)
J . II
H A M IL T O N ,
T re a s u re r o f M o n ro e C ou n ty .
ST A T E M E N T .
I v a l u a t i o n r e a l . 18 J& .............
f 1 3 4 ,7 7 2 .6 0 3 00
p o r r o n a l , 1835.
$ 7 ,6 1 0 ,7 1 0 0 0
R a te o f S ta te a n d C o u n ty ta x le v y fo r

LtM .\ p e r #1 ,00 0 .0 0
P o p u la tio n C e n s u s o f

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

#6 39

1 8 9 2 .....................

$ 2 0 0 ,0 5 4

ooosrtr bonds OCTSTA.VDINO.
$ 7 6 .0 0 0 3
5 0 .0 0 0 3

60.000

i. due F e b y
“
**

i.

50.000 .

5 0 .0 0 0 $ * # * ,
5 0 .0 0 0 3 4 t ,

50.0003^1.
.Vhhm :;'., ,

5 0 .0 0 0 3 w (

60.00** N R ,

“

**
“

*"*
"

**

5 0 .0 0 « 1 3 W L

**

M .0 0 0 3 W ,

"

5 0 .0 0 0 » 4 * .
5 0 .0 0 0 3 4 < .
60.* *00 3 4 7 .

“
’*
“

*iZ%,
60.000 3W7.

“
••

5 0 .0 0 0

6 0 ,0 0 0 S

S

*

**
**
**
**
“
**
“
“
**
M
"
“
"
*4

1 5 t h , 1 8 (7
1 5 th . 1H A(

16i h. 1MUP
1 st, I P 0 4
1 s t . 19 06
1 s t . 19**0
1 s t . 1907
1 s t , 19* *8
1 s t . 1909
1 s t , 1910
1 s t . 1911
1 st. 1912
1 s t , 19 13
1 s t , 1914
1 s t , 1915
1 st, i y i 6
1 s t . 1917
1 s t , 1918
U t , 1910

7 S to * o
T o ta l in d e b t e d n e s s o f C o u n ty .
4 w ill b e p a id w h e n d u e .

9 x 0 0 ,0 0 0
City of Fall River, Mass.,
30-Y E A R 4 PER C E N T

S E W E R LOAN.
U n d e r a u th o r ity o f a s p ecia l a c t o f th e L e g is la tu r e
o f M a ssach u setts f o r *90 .C hap. 4?i>), a p p ro v e d June
it b . an d by v ir tu e o l an o r d e r o f th e C ity C ouncil
passed J u n e 16th. 1896. t h e u n d ersig n ed h e re b y calls
f o r b id s upon a n issue o f $100,000 f o r S e w e r purposes
t o b e d a ted J u ly 3, 1896, and fa llin g d u e J u ly 1,1920.
T b e bonds w ill be r e g is te r e d In d en o m in a tio n s o f 0
$1,000 o r m u ltip le , an d b e a r in te r e s t a t th e ra te o f
fo u r p e r c e n t per annum , p a y a b le b y ch eck o n th e
first d a ys o f J a n u a ry and J u ly in each year. Secu red
b y S in k in g F u n d .
S ea led p ro p o sa ls fo r th e a b o v e loan w ill be r e o e iv c ^ u n til T U E S D A Y . J u ly 7th, a t 12 M. A l l bids m ust bd
m a d e su b ject t o accru ed In te re s t and th e r ig h t,
r e s e r v e d t o r e je c t a n y o r a ll.
A d d re s s a ll co m m u n ic a tio n s to
C H A S . P . B R IG H T M A N ,
T r e a s u r e r o f th e C ity o f F o il R iv e r , M ass.

THE CHRONICLE

44

[VOL. LX111,

Baraboo, YVis.—A. F. Fisher, Mayor. A report from J. S.
Wood County, W. \& .-Bond» Authorized.—An election
recently held on issuing $175,000 of 20 3J year railroad-aid Worthman, City Clerk, gives the following data regarding
bonds resulted in favor of the proposition by almost a unani­ the financial condition of Biraboo on A p r il!, 1896.
mous vote.
Baraboo is in Sauk County.
LOANS—

STATE AND CITY DEBT CHANGES.

B

r id g e

B

LOANS—
When D u e
S c h o o l B o n d s — (C on.)

W h en D ue.

onds—

5e, Feb. 1, $5,000....Feb.
($1,000 due yearly) to Feb.
5s, Feb. 1, $9,000. ...Feb.
($1,000 due yearly) to Feb.
5s, Feb. 1, ‘ $500....Fell.
5s, Feb. 1, $7,500....Feb.
($1,500 due yearly) to Feb.

1,1897 5s, Feb. 1, $15,000... .Feb. 1,1906
(part due yearly) to Feb. 1,1912
1, 1901
Se w e b B onds—
1, 1897
1 .1 S99 5s, Feb. 1. $7,500.......Feb. 1,1897
1, 1901 ($1,500 due yearly) to Feb. 1, 1901
$64,202
1, 1902 Bonded debt Apr. 1,’96.
1,1906 Tax valuation, real...... 1,560,955
Tax valuation, personal
516,004
1, 1902 Total valuation 1894... 2,076,959
l , 1907 Assessment about % actual value..
Total tax (per $1,000)..
$24-04
1,1900 Population 1890 w as.............4,605
1, 1901
1, 1906

W e subjoin reports as to municipal debts received sine
the last publication of our S t a t e a n d C i t y S u p p l e m e n t
8omc of these reports are wholly new and others cover items
o f information additional to those given in the S u p p l e m e n t
C it y H a l i. B o nd s and of interest to investors.
5s, Feb. 1, $12.000 . . . Feb.
($2,000
dueyearly) to Feb.
Anderson, S.
G. F. Tolly, Mayor. This statement h-.s
Sc h o o l B o n d s —
been corrected by means of a special report to the Chronicle 5s, Feb. 1, $1.600....Feb.
5s, Feb, 1, 12,000....Fell.
from John K. Hood, Treasurer.
($2,000 due yearly) to Feb.
This place is in Anderson County.
Assessment on property is not to exceed % of its actual value.
LOANS—
TVAen Hue. j Total debt Mar. 2, 1896. $18,000
Sa v a n n a h V a l l e y K it .—
! T a x valuation, r e a l .......... 900.000
7s March, $28,000.. Mar. 1, 1897 Tax valuation, personal 550.000
,000 due yearly) to Mar. 1,1910 Total valuation 1895--- 1, 450.000
Assessment is 23 aotual value.
Sc h o o l B o n d * —
6e, Sept. 1, $20,000... 10 to 30 yrs. Total tax (per $1,000)... ..$ ‘23-50
3.018
Population iu 1890 was.
($1,000 clue yearly.)
1,850
Population in 1880 was.
Coupon* are tax receivable.
5,000
Population in 1895 (est.)

Blanchard Township, Ohio.—Below we give a statement
regarding the financial condition of Blanchard Township in
June, 1896.
This township is in Putnam County.
Total debt June. 1896..... $39,000 I Real valuation............. $2,000,000
Tax valuation 1895..........736,000 |Population in 1890 w as.........1,688

INTEREST payable at Anderson.
TAX FREE.—The bonds issued by this city are exempt from taxation.

Champaign, I I I . —Below is a statement regarding the finan­
cial condition of Champaign Township, which has been corr.cted to date by means of a special report to the C h r o n i c l e
from E. E Chester, Supervisor. The bonds described are reg­
istered with the State Auditor,
This township is in Champaign County.

O P T IO N A L .—A ll o f the bonds are subject to call.

Delaware fou u ly, Jnd.— The following statement has beec
correct* d to date by means of a special report to the C hronicle
from D. A. Lambert, Treasurer.
County seat is Muncie.
LOANS^Co

u n ty

B

When Due.

onds—

58, A&O, $73.000..................1908
Interest is payable by Third Nat.
Bank, New York City.
Bonded debt June, 1896. .$176,000
Floating debt..................
21,000
Total debt June, 1896— 197,000

NEW

$94,425
Sinking fund................
Net debt June, 1896—
102,575
Tax valuation, real......13,796,930
Tax valuation, person’l 6,303,925
Total valuation 1895...20,100,855
Total tax (per $1,000)..
7 666
Population in 1890 was......30,131
Population in 1880 was......22,926

u n d in g

B

GOLD

Bonded debt June 10, ’96. .$86,500
Population in 1890 was....... 6,619
Population in 1880 w as....... 5,909
Population 1896 (estimat.). 10,000

When Due.

onds—

INTEREST is payable by tlie State Treasurer, Springfield.

NE W J.OANS.

LOANS

MUNICIPAL

LOANS—
F

5e, J&J, $53,500....... July 1,1913
Subject to call.
5s, Jan, 1, $33,000___Jan. 1, 1909
Subject to call after Jan. 1,1904

N E W LOANS.

BONDS.

BONDS.

BONDS

We own and offer tlie follow in g
bonds, payable principal and interest
in G0L1).'
City o f Pawtucket, B. I ...................... 5s
City o f Holyoke, Mass........................4s
Town o f Newport, V t ..........................4s
Town o f Mention, Y t ........................... 4s
Old Colony K B ....................................4s
R TIC TT IiA K S UPONZ!A P F I.IC A T IO S . City o f Los Angeles, C al........ 4J^s & 5s
City o f Presno, C al........................... 5s
County o f Pierce. W ash...................... 6s
County o f Bannock, Idaho................. 6s
MEMBERS OF THE NEW YORK AND BOSTON City o f Dalles. O re............................. 6s
City o f Great Falls, M on t............... 6s

FOR INVESTMENT.

M a r ie t t a , Ohio, I m p ro v e m e n t................... 6s
C h a r l e v o i x , Lllich-, R e f u n d i n g ................... 5a
Richmond, Ind., F u n d i n g ............................ 5 »
D e a r b o r n County, Ind., F u n d in g ............... 5a
T e r r e H a ut e , In ., F u n d i n g .......................4s
Richmond, Ind., Str eet I m p r o v e m e n t ..... 6s
Mitchell, Ind., E l e c t r i c - L i g h t .................... 6a
* jhi iusiown, Ohio, I m p r o v e m e n t ..............5s
RHralton, Ohio. W a t e r .................................. 5a
Bond H i l l , Ohio, W a t e r .............................. 5a
X e n ia , Ohio, Fund in g......... .................... 4 ^ »
P u m a , Ohio, W a t e r ................................... 4Ha
M id djetown, Ohio. W a t e r .................
5u
Cors ic ana , Texas., S e w e r ............................ 5s
A s t o r ia , Oregon, ( G o l d ) , W n t e r ............
5s
L a u r e l , Did., St r ee t I m p r o v e m e n t ............ 5s

FOR SALE AY

Rudolph Kleybolte & Co.
BANKERS.

CINCINNATI, O,

STOCK EXCHANGES.

Send f o r fu ll d e scrip tio n a n d prices; a lso o u r June
lis t o i h ig h -g ra d e bonds.

D E A L E R S I N C O M M E R C IA L P A P E R ,

E. H. ROLLINS & SONS,
53 STATE ST., BOSTON. MASS.

Blake Brothers & Co.,
28 S T A T E s
3

RF.ET, BOSTON.

NASSAU S T., N E W

YO RK’

MUNICIPAL

BONDS.

$

y o o , u

STATE

o o

OF

UTAH

Gold 4% 20-Vear Bonds.
D ATED J U L Y 1, 1896.
L E G A L FOR N E W Y O R K SAVINGS B AN K S.
PR ICE ON A P P L IC A T IO N .
FOR SALE BY

E D W D . C J O N E S CO.,
E. C. S TA N W O O D & CO.,

N E W G O L D LOAN.

and

MUNICIPAL BONDS

121 Devonshire Street,

W a t e r tits,

80 B R O A D W A Y,
NEW YORK

GOVERNMENT

BANKERS,

J i» S 0 0 ,0 0 0

CITY OF KINGSTON, N. Y.

421 CHESTNUT STREET.
P H IL A D E L P H IA .

Bought and Sold.

Principal and Intercut pay able in Cold
Coin In N ew Y or k, inuf tiring J ul y, 1927, fo
Ju ly, 1936.
Bonds ready for delivery a fte r J u l y 1,

BOSTON.

1^96.
F ur th er p a n i c u I n r * and price upon a pp li ­
cation.

F a r son, Leach & Co.,
(i W A 1.1. S T R E E T .

N W. H A R R I S & CO.,

El STS SENT UPON APPLICATIO N

BANKERS
CHICAGO.

BOSTON.

P H IL A D E L P H IA .

MORTGAGE LOANS W. J. Hay es & Sons,
TEXAS.
W * I, l. S T R E E T ,

NEW Y O R K .

IN

BANKERS,

B

enw ell

Utahermerhorn

&

Building,

E

v e r it t

,

6 W A L L nT.

MUNICIPAL ISSUES IN THE STATES OF
N E W Y O R K & N E W JE R S E Y
A SPECIALTY?.
^ *

DEALERS IN MUN IC IP A L BONDS

Iuterent 7 P e r Cent Net.

NO

C O M M IS S IO N S c h a rg e d b o r r o w e r
u n til loans h a v e p ro v e n g o o d .

or

FR ANC IS S M IT H & C O ,
S A N A N T O N IO , T E X A S

lender

Street Railway Bonds, and other high-grade iuvestments.
C levelan d , Ohio,
7 Exchange Place.
311-313 S u p erio r St

BOSTON, MASS.,

Cable Address “ K E N N E T H . "

THE CHRONICLE

JULY 4, 1896.]

Country
Years.
parishes.
1895............. ............ $10S,651,282
1S94.............
1893.............
1892.............
1890.............
1885............. ............. 48,797,870
1875.............
1870.............
1860.............
1850.............

Louisiana.— W e g i v e b e lo w a portion of the statement
w h ic h ap p eared in our recen t S t a t e a n d C i t y

45

Su p p l e m e n t

re g a r d in g th e S ta te of Louisiana, which has been corrected

Parish 0/
jY. Orleans.
$140,654,475

Total.
$249,305,757
251,091,348
250,045,503
234,915,173
234,350,791
212,725,564
195,904,419
253,371,890
435,787,265
233.998.764

to M ay 1, 1896, by means o f the Auditor’s biennial report.
$131,915,057
LO A NS—
— Interest.— % /----------P rin cip a l.-----123,927,593
NAME OR PURPOSE,
l\ OL Payable. When Due. Outstan&g.
CongoL 7 per cent bonds of
H 74, utanipol 4 w r w n t
-U J A J Jan. 1, 191-1
$3^,700
New bondKaot. otfV i ) ........... U J «fc J Jan. 1,1914 10,880,900
Consolidated
(constitutional)
bond-* o f 1880h..- . - —
>
J /an. 1.1914
150.300
North TonawamJa, N. Y.—S. R. Yandervoort, M ayor;
PAR V A L U E O E B O N d a —
7s, stamped l percent
Henry
Homeyer, Treasurer. The following statement re­
are for $100. $500 and $1,000. The Constitutional bonds for $5, etc.
garding the linancial condition of North Tonawanda has been
IN T E R E S T is payable by Winslow, Lanier A Co., New York City
correcUd to date by means of a report from T, E. Warner,
and by Whitney National Bank,,
(£d<siros.
T O T A L D E B T —'tti* sribjoftied ifcitoiiAot shows l.ottUdtu i* total Cltsrk. The floatii g debt of $15,000 w ill soon be paid off.
bonded debt, and the floating debt in detail, on May 1, 1890.
This village is in Niagara County.
May 1, ’ 96.
I!7ir» Due. I W atc h B onds .
LO A N S —
Total bonded debt bearing !nterest...............................
$11,084,500
P a v in g B onds —
I 4s....... $275,000.......................
W onting Debt—
6s. JAI), $39,600......1996 to 1903 I Bonded debt June 1,’OG. $161,000
110,806
luter«*st coupon* from January, 1374, to July, 1879......
($■1,980 due yearly.)
Floating debt...... .........
15.000
Babv bonds and certificates (act o f 1880) exclusive of
. - P U S . $46418)-----rt|pt. 1. 1896 Total debt June 1.1896. 176,000
eoti)H»ns.. . . . ..... ........... ..... ......... ........................ p r m *
‘ P arcyearly after lsou.
W ater debt, additional.. 275.000
Warrant.*, etc....... ............................. .................... ---v--1 118,450
Sb w k k Bonds —
T ax valuation 1895.......4,357,333
5s. J&J. $60.000....... Nov.ID, 1907 Assessment about Dj actual value.
Total debt.............................................. ...................... $12,268,280
($5,000 due yearly.)
Village tax (per $1,000)...... $18-20
$347,168 Is. JA-J, #101.000.......Ian. 1, 1900 Population in 1890 was_____ 4,793
Judicial expense fund. etc. (additional to above)..........
(#3,000 due yearly.)
Population iu 1880 was........ 1,492
In September, 1839. it was discovered that a number of bonds had
Population 1896 (est.)........ 10,000
been fraudulently issued. Part o f these were subsequently recovered,
IN TE R E ST on tlio sewer bonds and paving 6s is payablo at the
but $373,600 consols so issued ($3033*00 being console o f 1874 and
Chase Nat'l Bank; on the paving os at the Bank of America, N. Y. City.
$70,000 Constitutional bonds) are still outstanding. The State eotisid
Perth Amhojr, N. J.—The following statement has been
era them •• nail and void,” ami they are therefore not included in the
amount outstanding above. There H h also $121,935 frnduU.mrlj corrected to March 1, 1896, by means o f a special report to the
issue*! baby Iwiub outstanding.
Chro nicle faom Edward W, Barnes, Mayor.
There are moreover old bonds not recognized, and hence not fundable
This city is in Middlesex County.
amounting to $3,953,000. Thc**e Include New Orleans Mobile A Texas
LO ANS—
IFAen Due. Net debt Mar. 1, 1896... $458,551
8 per cent bonds, endorsed, $873,000; 8 per cent State bonds issued
Cit y Bonds - .
Tax valuation, real....... 3.081,855
to said road. $2,500,000; 8 j**r cent boud* Issued to tW N. O. I f o M e 4s to 5s. $-180,800. .. 1896 to 1923 Tax valuation,personal. 192,330
Jk Chattauooga RB. $70,000; 7*30 per cent bond* issued to the Mis­ Bonded debt Mar. 1, '96.#490,800 Total valuation 1895___ 3,274,185
W ater ile V tu m lu iltj),... 268,000 Total tax (per.$1,000)...
24-50
sissippi A Mexican Gulf Ship Canal Co. $260,000. ota. e t »
Floatin'* fa ltt :............ ..
98.813 Population in 1890 was...... 9,512
ASSESSED V A L U A T IO N —The state's a*se.**ed valuation has been Total debt....................... 579.613 Population in ISSOwas...... 4,808
Cush on band.................. 121,062 Population in 1895 (est.). .13,000
as follows at different period*:

N E W LOANS.

M IS CELLANEOUS.

C h ic a g o , I I I . , Im p r o v e m e n t ......................... fi«
**l»rr» uu, T e x a n , Funding ....................... tin

W E OFFER A LARGE,
developed, equipped and pro­
ducing Gold Mine, with excep­
tional natural advantages for the
economical mining and milling
with water sufficient to furnish
power. The ore is free milling,
averaging $8 per ton over the
plates and can be mined and
milled for less than $1.50 per
ton. The mine has “ore in
sight” to the net value of many
times the price of the property.
The tide to the property is per­
fect and free from debt and as­
sures to investors large and
continuous returns.

• N E W LOANS

C. H. White & Co.,
BANKERS,
7‘J B H O A U H 4 Y , M E W

YORK.

Burlington, Win., School......................... 5*
\V m «rk < ii I I I . , S c h o o l.............................
3*
>1unrittf nr. l o w r t . Improvement----- ---- lb
sbullnburg, Win,, W i t t e r ............ ................

Koiidn, town. W a te r ........tt«
A lta, t o w n . W a t e r ................................... 6*
Mtutcul .vimih Dakota Revenue ......^. fj»
FOR

jv. U . E

BY

M A S O N , LEWIS & CO..
B l ’ V A Mil H IL L

BANKER*.

Municipal and First Mortgage
Railroad Bonds.

31 H in t* S t..
BO STO N.

171 U H d l e M („
C - illC A G O .

W. N. Coler & Co.,

1 ISrg ON APPLICATION

BANKERS.

MUNICIPAL BONDS.
M ills

&

C o rre s p o n d e n c e In v ite d .

A. C. FROST & CO.,

B lanchard,

D E A L E R S IN M U N IC IP A L BONDS,

34 N a s s a u s t r e e t .

B lN K E K l

IBS

Blodget, Merritt

6c

Spokane,

MUNICIPAL

Co.,

Congress Street, Boston.

BONDS.
■i W M L

L. S

'
B A N K fite
•t C e d a r S t r e e t , -r___ -

new

y o u k

.

NEW

YORK.

MUNICIPAL. COUNTY, 8CIIOOL AND
TbtrN FltlP BONUS

HAFK INVESTMENTS.
H P :N il p o l l

I.IM ’

City and County Bonds.
DIETZ, DENISON & PRIOR,
35

C O I V O R K ^ H S T R E E T , - B OST OJf .
109 S u p e r i o r
C l t r e l a n i l , O.

B O UQHT

AND

1 8 8 1 .]

BANKERS,

W ash.

Ro b erts.

W .

B. R o b e r t s .

('O K U !•> I 'O N D B N C E SO L I C IT E D

lames N. Brown 8c Co.,

J

STATE CITY k RAILROAD BONDS

STR T.K T.

C H IC AG O

S e le c te d s ta t e , C o u n t y , C it y , S c h o o l
H onda. W a rr a n t* and L o a n *,
N E T T IN G 5 TO S P E R C E N T .

M ao

BANKERS,
16

STREET,

IN V E S T M E N T

Building.

B o s to n ,

SALLE

[E s t a b l is h e d

BOUGHT A M > SOLD.

16 D iu te S t r e e t ,

LA

ROBERTS BROS.,

MUNICIPAL BONDS WHANN& SCHLESINGER
D evon sh ire

M in in g D e p a rtn ie n t o f

SOLD.

C. H. Van Buren 8c Co.,

Bank and Trust Company Stocks
New York and Brooklyn
B O U G H T

A N I) SO LD .

CLIN TON G IL B E R T
*2 W A L L HT „ N E W V O I t K .

AM D R E W S

O F F I C E

DESKS.

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

A N D R E W S M A N U F A C T U R IN G CO.

02 B R O A D W A Y , N E W Y O R K .

Bunk and 0(lb;<f K iltliiiiH . 'F in e B ra .s W o rk . Special
design s on a p p lic a tio n ,

HTOI’KH. BONDS AND UIUII UUADK
INVES1M ENT 8ECURITIE*.
Circular Letter, In clu d in g lint of «elected Bondi.
Mailed Free.

BJEND FOR CATALOGUE.

76 Fifth A v e ., S e w

Y ork

City.

THE CHRONICLE.

46
financial.

in s u r a n c e .

R K A D Y J U L Y

lO .

[VOU LZ1II.

In s u ra n c e

• P F IC E

OF

TH S

HAND-BOOK

A T L A N T IC

OF

RAILROAD SECURITIES.
d k m u k ip t io n

D lT ID E N P h

Insurance Company

S K R 1E * OF Y E A R 8 .

A N E W fe a tu re w ill Ns In c o rp o ra te d tn th is issue
In a d d ition t o tn e m o n th ly record o f price*, w e g iv e
th e btgbflwt and low est prices f o r each y e a r fro m
ISSN) t o I K * i n c l u s i v e , f o r a ll bonds and a ls o all
• to o k * sold on th e N ow Y o rk S tock E x ch a n ge.

P rice In Bull" L e a th e r C over*.
T o Mnbacrlbers ol the Chronicle.

S I 00

JANUARY

1, 1896:

NEW

$174,791,990 54

ASSETS,

YO RK

150,758,312 66

L IA B IL IT IE S
1850.

The United States Life
Insurance Co.
IN T H E C I T Y OF N E W Y O R K .
Thl* old and reliable Company now has tbe exper
leneo of f..rty »ix years of practical Life Insurance,
which has taught ft that the rinr qua von of success
is the adoption o f good plans of Insurance, and the
pursuit ••{ a liberal policy towards both its Insured
and its Agents. These essentials it possesses in an
eminent degree, but judiciously tempered by that
conservatism which is the best possible safeguard ol
the policy-holder. Its contracts are incontestaKe
after two'rears. The are non-forfeiting,1providing
generally for either paid-up poller or extended in
*uranre, at tho option of the policy-holder. It give*
ten davi ».| grace in payment or all premiums. It*
course during the past forty-five years abundantly
demonstrates Its absolute security.
Active and Successful A gents,w ishing to rep­
resent this Company, may com m unicate
with the I*resident,at the Hom e Office,
261 Broadway, New Y ork .
OFFICERS,!
G B O R G K H . B U R F O R I ) ............. P r e a i d e n l

SURPLUS,

-

INCOME,

•

$24,088,677 89

•

$37,892,265 56

* New Insurance Paid
for in 1895,

• •

$127,492,555 00

•P a id for Insurance
in Force

$799,027,329 00

* No polioy or sum of Insurance Is Included
in this statement of new business or insuranoe
in force except where the first premium there
for. as provided In the oontraot, has been paid
lo the Company In oash.

C. P. FRALKK.H..................................Secretary
A. WHEELWRIGHT............. AssistantSecretary
WM. T. STAND KN.. ..............................Actuary
ARTHUR C. PERRY............................... Cashier
JOHN P. MUNN....................... Medical Director
KIN ANCE COMM1TT KE:
GEO. G. WILLIAMS........ Pr&t. Chem. Nat. Bark
JOHN J TUCKER................................. Builder
K. H. P Kit KINS, .Ik.. Prest. Imp. A Traders’ Nat. B k
JAMES R. PLUM................................... Leather

J. Spencer Turner,

JOHN A. McCALL,

SUCCESSOR TO

Brinckertiofl* T u r n e r &, Co.,

P r e s id e n t.

MANUFACTURER AND DEALER IN

C O T T O N S AI L D U C K
AND AM. KINDS OF
OTTON CANVAS FELTING DUCK.
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, &C.,
POPE “ AW NING” STRIPES.
AGENT
STATES

B U N T IN G

HENRY TUCK,
V ic e -P r e s id e n t.

CO.

A full supply, all Widths and ^Colors, olwaya in

■ lock .

Archibald H. Welch, 2d Ylce-Preg’t.

_______ 10 9 Duan e S t r e e t , N ei v Y o r k .

SECURE BANK VAULTS.

George W. Perkins, 3d Vice-Pros’!.
Edward N. Gibbs, Treasurer.
Rnfns W. Weeks, Actuary.
Hngh S. Thompson, Comptroller.
Charles C. Whitney, Secretary.

QENUINE

WELDED CHROME STEEL AND IKON
R ou n d and M mI Bnrw and 6-ply P la te s and A n g le *.
FOR SAFES, V A U L T S , *0 .
_
O aunot

he

S a w e d , C o t o r D r ille d ,
B u r g la r -P r o o f.

( 'l l H O M E

S T E E L

W

and

p o s i t iv e '* *

O R K S ,

K e n t A v e .. K e a p A H o o p e r St*.,
S o l a M a n ’ f > r $ In t h e U . 8 .

B R O O K L Y N .

N .

bosses paid during the
same period................ $1,218,407.55
Returns of Premiums
and Expenses.......... $603,415.82

1896.

U N ITE D

Total Marine Premiums............ $3,650,023.83
Premiums marked off from 1st
January, 1895, to 31st Decem­
ber, 1895................................ $2,540,748.83

B. DANA COMPANY,

7 6 1. P in e S tre e t,

N e w Y o r k , January 21, 1896.
The Trustees, in oonform ity with the Charter
o f the Company, submit the follow in g state­
ment of its affairs on the 31st o f December,
1895:
Premiums on Marine Risks from
1st January, 1895, to 31st
Deoember, 1895...................... $2,622,872.42
Premiums on Policies not
marked off 1st January, 1895 1,027,151.41

Special R a tes f o r Q u an tities.

W IL L IA M

I N S U R A N C E CO.

P K IC K H .

.

INCOME.
FORA

New York Life

MUTUAL

Y .

The Company has the follow in g Assets, via.
United States and City o f New
York Stock: City Banks and
other Stocks........................... $8,059,105.00
Loans secured by Stocks and
oth erw ise...............................
1,216,500.00
Real Estate and Claims due the
Company, estimated at...... .
1,000,004.90
Premium Notes and Bills R e­
ceivable............................. ...
896,431.88
Cash in Bank............................
202,518.33
A m o u n t...................

$11,374,560.11

Six percent Interest on the outstanding cer­
tificates o f profits w ill be paid to tbe holders
thereof, or their legal representatives, on and
after Tuesday, the fou rth o f February next.
The outstanding certificates o f the issue of
1890 w ill be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fourth o f February next,
from which date all interest thereon w ill
cease. The certificates to be produoed at the
time o f payment and canceled.
A dividend of Forty per cent is declared on
the net earned premiums o f the Company for
the year ending 31st Deoember, 1895, fo r
which certificates w ill be Issued on and after
Tuesday, the fifth of M ay next.
B y order o f the Board,
■
J . H . C H A P M A N , S e c re ta ry .

TRUSTEES:
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
Christian de Thomsen,
CharleB P. Burdett,
Henry E. Hawley,
W illiam E. Dodge,
George Bliss,
John L. Riker,
O. A. Hand,
John D. Hewlett,
Gustav Amstnok,
N. Denton Smith,

Charles H. Marshall,
CharlestD. Leverich,
Edward Floyd-Jones,
George H. Macy,
Lawrence Turaure.
Waldron P. Brown,
Anson W. Hard.
Isaao Bell,
Joseph Agostini,
Vernon H. Brown,
Leander N. L ovell,
E verett Frazar,
W illiam B. Boulton.
George W. Quintard,
Paul L. Theband,
John B. Woodward,
George Coppell.

W. H. H. MOORE, President.
A. A. R AVE N, Vice-Pres't.
F. A. PARSONS, 2d Vice-Pres't