Full text of Commercial and Financial Chronicle : June 12, 1897, Vol. 64, No. 1668

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Q u o ta tio n

S u p p l e m e n t (Monu%)

i n v e s t o r s S u p p l e m e n t (Quarterly)

S t r e e t R a i l w a y S u p p l e m e n t (0^ $
S t a t e a n d C i j y S u p p l e m e n t (semiAnnuai$

( E n te r e d ao o o rd m g to Aot o t Congress, in tlie y e a r 1897, by tb e W il l ia m B. D ana Co m pa n y , In t i e office of th e L ib ra ria n of Oongreaa,

VOL. 64.

SATURDAY, JUNE 12, 1897.

3£he

Week ending Ju n e 6.

(D x x o u x d t.

P U B L IS H E D

NO. 1,668.

Clearings at—

W EEKLY.

Terms of Subscription—Payable in Advance :
F or O ne Y ea r........................................................................................$ 1 0 0 0
F or S ix M onth s....................................................................................
6 00
E u ro p ea n S u b scrip tio n (in clu d in g p o s ta g e )......................... 12 0 0
E u rop ean S u b scrip tio n S ix M onth s (in clu d in g p o s ta g e ).
7 00
A n n u a l S u b scrip tio n in L ondon (in clu d in g p o s ta g e )___£ 2 1 0s.
S i x M os.
do.
do.
do.
___ £ 1 10s.
T he I n v e st o r s ’ S u p p l e m e n t w ill be fu rn ish ed w ith o u t e x tra ch a rg e
t o e v e r y a n n u a l su b scr ib er o f th e Co m m e r c ia l a n d F in a n c ia l
C h r o n ic l e .
The S tat e a n d C it y S u p p l e m e n t w ill a lso b e fu rn ish ed w ith o u t
e x tr a ch a rg e to e v e r y su b scrib er o f th e C h r o n ic l e .
T he S t r e e t R a il w a y S u p p l e m e n t w ill lik e w is e b e fu rn ish ed w ith ­
o u t e x tra c h a rg e to e v e r y su b scrib er o f th e C h r o n ic l e .
T he Q u o tat io n S u p p l e m e n t , issu ed m o n th ly , w ill also b e fu rn ish ed
w ith o u t e x tr a c h a rg e to e v e r y su b scrib er o f tu e C h r o n ic l e .
F ile c o v er s h o ld in g s ix m o n th s’ is s u e s or s p e c ia l tile c o v er s for S u p ­
p le m e n ts are so ld a t 5 0 c e n ts e a ch ; p o sta g e on th e sa m e is 18 cen ts.

New Yor».. ..........
Philadelphia...........
P ittsb u r g ....,.........
Baltimore................
Buffalo.....................
W ashington............
Rochester................
Syracuse..................
Scranton... . . . . . . . . .
Wilmington.............
Bingham ton...........
Total Middle.......

1897.
♦
517.657.007
67,154,912
15.8M8.319
14.251,758
3.976,442
2.703.905
2,541.069
998.506
955.006
632.805
283,600
620,946,329

1890.

1895.
$
- 1 7 8 577.190,609
—8-5
71,829.578
-4 0
14,992,811
-20*4
15.300,204
—11*5
4,997.380
+11-5
2,190 848
1,767,210
+38-8
-10*4
1,157,027
—1*0
760,085
-0-0
658.899
-11*8
4f 4.900
—10*3 091,309,351

P . Oent.

„ $
629.507.277
72,355.003
10.552,632
18.034.061
4,491,792
2,425,940
1,830,821
1,194,041
904.302
672 160
321.300
749,349,238

1894.
g
438,227,837
62,949,043
12,404.847
14.089.650
3,815.493
1,891,675
1.600.269
935,794
657,341
630,189
397,000
620,099.088

B oston......................
Providence............ .
H artford... . . . . . . . .
New Haven.............
Springfield. ...........
W orcester...............
Portland..................
Fall River...............
L ow ell.......... ..........
New Bedford..........
Total New B ag...

84.176,807 100.344,913
4.492,200
6.122,800
2,390,838
2,594,344
1,397.320
1.097,538
1.279,041
1,121,372
1,534 282
1,709.751
1,221,556
1,373,50m
024.7 90
844.033
639,37m
658.447
504.895
593.3 L3
98,107,113 117.405,079

—16-1
-26*0
—70
—17 7
-1 5 9
-10*2
—111
-2 0 1
-18-1
-1 5 7
—10-4

97.790.929
5,750.000
2,439 323
1,573 620
1,509 000
1,507,907
1,238,471
650,954
610.951
604,518
113,578.333

75,259,463
4.203,000
1.940,614
1,450.898
1,324,211
l.ie6.487
4.380,291
794,447
779,317
401,833
$8,700,001

Chicago.....................
Cincinnati...............
D etroit.....................
Cleveland................
London Agents:
Milwaukee..............
M essrs. E d w a r d s & S m it h , 1 D rapers’ G ardens, E. C.. w ill ta k e su b ­ Colum bus................
.......
s c r ip tio n s an d a d v e r tis e m e n ts , and su p p ly s in g le c o p ies o f th e p a p er Indianapolis
Peoria......................
s t I s. each.
Toledo...............
Grand Rapids.......
W IL L IA M B . D A N A C O M PA N Y , P u b lish e r s,
D ayton........... . . . . . .
L exington...............
P i n e S treet, C orn er o f P e a r l S treet,
Saginaw...................
P o st O f f ic e B o x 9 5 8 .
N E W Y O R K . Kalamazoo..............

78.93 7.0e8 108,021,150
13,04.3,Oi'O 12.372,750
6.802,764
7,210.5/2
5,584,277
0.410,883
4,728.660
1.5H7.808
3,243.300
3,892.600
2.191,046
2.307.958
1,426,382
1.932,831
1,292.015
1.324,476
702,772
890,531
514,504
605.133
805.470
377.833
220,0u0
240,000
273,722
277.374
250,800
245,200
109,17y
584,435
137,041.
224.43)
142.V47
185,233
195.825
195,022
119,100,707 151.730.27a

—20-9
+54
—19-9
—I2‘9
+29
-10*7
-7 4
-2 0 2
-2 A
-21-8
-2 2 7
—19-0
-8 3
-1*3
+1-7
-40*5
-3 8 8
-2 3 2
+0 4
—21*5

100,078.245
14.482.300
0 6-6,311
5,802.970
4.979.232
4,218.000
1,373.575
2,050.981

88.838.418
13,207,250
5,748 554
5,103,940
4,270,930
8,578.500
1,300,000
1,000,945

814 893

728,973

382,941
430.097
320.637
214,100
392,317
207 241
184.335
241.728
142.925.862

448,237
857,442
224,288
199,234
819,999
201.93L
185,185
172,571
128 022,870

Terms of Advertising—(Per inch space).
O n e t im e .................................... $ 3 5 0 I T hree M onths (13 t im e s )..$ 2 5 00
O n e M onth
(4 tim e s ) .. 11 0 0 S ix M onths
(26 “ ).. 4 3 00
T w o M onths
(8
“ ) . . 18 0 0 | T w elv e M onth s (52 “ ).. 58 00
(The a b o v e te r m s fo r o n e m o n th and u p w ard are fo r sta n d in g cards.)

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses
o f the United vStates for the week ending to-day, June 12,
have been $1,010,237,365, against 1943,858,496 last week and
$954,675,128 the corresponding week of last year.
CLEARINGS.
Returns by Telegraph.

Week Ending J u n e 12.
1897.

1896.

Per Oent.

N ew Y ork..................................
Boston
..................... ..........
Philadelphia . . . . . . . . . . . . . . . . .
B a ltim o re ............ .— ------- Chicago ....................................
St. Louis ............ ....................
N ew Orleans . . . . . . . . . . . . . .

$481,307,154
80,392,369
43,404,418
10,698,777
71,452,805
21,044,900
4,905,057

$431,933,392
72,540,809
47,938,979
11,421,774
72,755,868
19,229,930
5,720,350

+11*4
+10-8
-9 -3
-6*3
-1 - 8
+9 4
-1 4 *3

Seven cities, 5 days ..........
Other cities, 5 d a y s................ .

$713,325,480
125,419,201

$001,546,102
120,017,208

+7*8
+4-5

Total all cities, 5 days . . .
All cities, 1 clay................ .—

$838,744,747
171,492,018

$781,503,270
173,111,758

+7-3
-0*9

Total all cities for w eek .

$1,010,237,305

$954,675,128

+5-8

Rockford.................
Springfield, Ohio...
Canton............ .......
Tot. Mid. W est’r.
San Francisco.........
Salt Lake C ity........
Portland.............
Los A ngeles............
Tacoma....................
Seattle......................
Spokane...................
Fargo........................
Sioux Falls.............
Total Pacific.......

11.097,190
1,099,00 L
982,07 7
1,132,9->e
444,W0O
550,000
008,424
124.340
40 631
10,080.239

13,233,940
1,494.205
948.030
1,250 900
683,204
425.00)
531,492
241,916
94,410
18 853,777

-11*6
—20 4
+36
—9 4
—23 8
+29 4
+4 6
—48'4
-5 0 6
—11*6

20,045,343
1,210,330
1,4:U.0»2
1,253,317
559,770
350 824
420,626
160.774
71.499
25,521.581

12,191,920
1,316,909
750,000
846,432
404.314
476,000
271.582
150,939
144,922
10,011,021

Kansas City............
M inneapolis............
Omaha................. .
8t. P au l..................
D enver....................
Davenport...............
St. Joseph .............
Des Moines.............
8loux City...............
Lincoln....................
W ichita....................
Topeka.....................
F r e m o n t................
H astings..................
Tot. other W est.

9.709,655
0,402,549
4.L73 880
3 003.262
2,325,21?
61 l,3f*W
1,451.786

9,704.207
6,918,305
5 720,101
3.554.780
2 882,901

810,222

-3*2
—23*0
—101
-3 8 2
-2 4
—32-0
+21-5
—26*9
—129
—ro
-20*1
+20'4
+25'2
+81-7
-10*2

11,172,855
7,106 590
3,020.169
4,801.818
3,277,560

589,571
314,104
350,80 d
305.072
90,022
109.205
30,387,202

10,578.508
8.318,4t5
4,971.059
4.950.347
2.3*3,232
907,337
1,194.793
1.130.159
070,962
317,104
382.906
803,972
71.888
67,539
36.207.700

1,418 000
1,< 90,740
503,090
400,257
401.321
467.932
80,925
50.410
31.009,703

1.004,353
1,094,781
078,422
529,475
380,411
623,117
108,250
100,781
32,869,963

8t. L ouis.............
New Orleans.......
L ouisville...........
Galveston...........
H ouston..............
Savannah...........
Richmond...........
Memphis.............
Atlanta................
Dallas..................
N ashville............
Norfolk................
Waco...................
Fort Worth........
Augusta........... .
Birmingham......
Knoxville...........
L ittle Kock........
Jacksonville....
Chattanooga......
Total Southern..

24,188,817
5.152.137
7,291,002
1,628,950
1.877,500
1,87 0,328
2.050.022
1,297,938
1,180,251
1.147.290
1,031.071
842,200
322 989
024.020
505.<'00
335,833
409,801
234,009
217,097
285,749
62,504.846

22,477,222
0.932,445
0,447,325
1,725.772
1204 8 il
1,H<'9,523
1.959 894
2,156.834
1,128,204
1.035,370
8L2.573
970,505
445,983
854,299
475,000
345.913
498,995
233,418
327 926
287,750
52,194,933

+7-6
—25*7
•+•13*1
-5*0
+4+5
+3-7

28.997.856
9,053.639
0,892 134
2.001,810
2.000.000
1,7< 5.234
2,024,422
1,707,703
1,827,810
1,028.976
1,113,338
932,584
623,745
7b*,M7
440,< 00
354,308

21,804,491
0,657.738
0 118 049
2.179,650
1,800 000
1,253,045
2,077.001
2,853,348
998,578
931,780
948,684
943,353
6C9.667
844,120

The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, June 5, and the results for the corresponding
week in 1896, 1895 and 1894 are also given. Contrasted with
the preceding week, there is an increase in the aggregate
exchanges of about thirty-nine and a-half million dollars,
and at New York alone the gain is fifteen millions. In com­ Total a ll...............
parison with the week of 1896 the total for the whole country Outside N. York.
shows a decrease of 16f2 per cent. Compared with the week Montreal..................
of 1895 the current returns record a decline of 11*8 per cent, Toronto................
alifax....................
and the excess over 1894 is 12*5 per cent. Outside of New H
Winnipeg..........
York the loss from 1896 is 14*1 per cent. The decrease from Hamilton.................
John...................
1895 reaches 13*8 per cent, and making comparison with 1894 St.Total
Canada.......
the excess is seen to be 5*9 per cent,
. _—-5

943.858,496 1,126,807.002
420.301,489 496.359,725
12,000 919
7,611.852
1,240.405
1,151,252
057.020
554,577
24,782,085

11,317.751
8.290.039
1,188.907
967,007
059,985
500,000
22,924,949

-39*8
+5*2
+10*8
+27-0
-13*7
—27*0
—2?*C
+0-3
—2*9
—17 0
+10
-33-8
-0 7
+0*0

257,097

449.173
339 710
251.373
83,568,089

425,447
191.108
60,753,080

-16*2 1,070,532 920
—14*1 493,042,811

838,062.183
102,431,350

+11*9
-9-4
+4-4
+19 0
-0 4
+10*9
+3-7

13.199.823
7,4 42,028
1,2)5 056
1.135.513
724,848

11 314,544
6 638,109
1.131,049
833.578
773,753

23.637,868

19,091,033

mu

THE CHRONICLE.

[V ol. LXIV.

better demand seems springing up, a little improve­
ment in prices was wholly natural and justified. Some
There has been no very essential chango in affairs reports state that the rise is going to be continued and
this week. Tariff legislation has moved at a more rapid. All we can say is that if that correctly repre­
moderate pace, and vet the action of the Republican sents the course of the market the upward movement
caucus, an event of the week, removes every doubt of will be short, ending with a new reaction. The ironthe passage of the law and may hasten the course of producing capacity of this country at the present mo­
legislation in coming weeks. The rapid progress pre­ ment is very large, and a high price before a home de­
viously made likewise helps to keep the public in a mand sets in sufficient in extent to absorb the enlarged
hopeful frame of mind with reference to the future, product would only end in . repeating the conditions
notwithstanding the slower movement this week. A the embarrassing character of which the industry is
notable feature with reference to the measure has just now getting the better of.
The crop situation is not quite up to the standard
been the adoption of a 20 per cent duty on the im­
ports of raw cotton. The action of this tax if it is we reported two weeks ago. Just after the publica­
retained in the bill as passed is somewhat of a prob­ tion of what we then wrote, and during the closing
lem. Our imports of raw cotton were only 81,970 days of May, occurred the unusual and severe frosts
bales in 1895-6 and will be considerably less this year ; with snow in the Northwest extending East even to
they aro almost wholly of long staple that comes in Northern New York and to portions of New England.
competition chiefly with Sea Islands. The total crop Over a wide section small fruits were totally destroyed;
of Sea Islands has increased in recent years. Indeed if in the upper part of Illinois and to a smaller extent in
we compare with 1892-93 the product has con­ some other States corn was either injured or killed,
siderably more than doubled, the yield being making replanting necessary. Since then the tem­
93,187 bales in 1895-6 and about 102,000 bales perature has continued unseasonably low everywhere,
in 1896-7, against 45,422 bales in 1892-93. The checking the growth of corn in the higher latitudes,
land suited to the growth of Sea Islands is limited, and the weather has been so stormy and cold
but no doubt a higher price would further and ma­ in a large part of the Atlantic States as to re­
terially increase the product. But what disposition tard the development of cotton. IVe publish
could be made of the larger crop at a higher price is to-day on subsequent pages our Cotton Acreage
another question. In 1895-96 prices were better than report. The most important feature disclosed is that
in some years but only fair with both exports and home the crop is backward in every State; quite in contrast
consumption large ; we exported about 54 per cent of with last year’s planting. While this is an unfavorable
the crop (50,063 bales), and American consumers took fact, it is by no means conclusive evidence of the
about 44 per cent (40,741 bales), so that stocks in­ yield; no doubt at the moment the promise is that the
creased from 405 bales September 1 1895 to 2,999 crop will be two weeks or more later than the crop of
bales September 1 1896. In other words, the United 1896-97, but even if that difference in maturity con­
States has not got rid of either its 1895-6 or 1896-7 tinues to the end, it is to be remembered that a late
crops at the prices ruling in those years. What dispo­ crop is not necessarily a short one. Take the country
sition is it likely to make of a larger crop at a higher as a whole all agricultural products have made slow
price ? We have not the space to treat this subject progress recently.
here, but it seems extremely doubtful whether Sea
These remarks with reference to the adverse crop
Island producers would realize any advantage from the influences which have recently prevailed find con­
tax, while it might have an unfavorable effect on other firmation in the report of the Agricultural Bureau at
fine staple cottons raised in the Gulf States and else­ Washington on the condition of winter and spring
where.
wheat. The report was issued on Thursday and pur­
A prominent feature of the week has been the ad­ ports to show the situation on the 1st of the month.
vance in pig iron and billets. This revival was not According to the figures furnished, the average of
anticipated. No market has apparently exhibited winter wheat (taking the country as a whole) was fur­
clearer evidences of stagnation and depression than the ther reduced during May, and on June 1 was only
iron and steel market. It may be well to recall now 78'5, or but a trifle higher than on the corresponding
though what happened when the prices of those articles date of the previous year, when the average was 77‘9. At
dropped to their phenomenally low level in February the same time the condition of spring wheat is reported
last; the effect was to stimulate exports and pur­ only 89-6, against 99‘6 in June 1896. Of course, as far
chases by our railroads. If the reader will look back as winter wheat is concerned, we are now too near
to the facts we gave at that time he will find a large harvest time to permit of any material change for the
movement recorded in both directions. In those state­ better. But in the case of spring wheat there is still
ments are the basis for the present advance. After time for improvement under more favorable weather
the November election our furnaces were put to work conditions, and on that point it is well to note that
in increasing numbers and capkcity, and continued the rains this week in the spring-wheat States are
all through the winter manufacturing iron in an­ claimed to have been highly beneficial. Wo furnish a
ticipation of a spring
demand which was comparison of this year’s average for the leading
not realized. Consequently the conditions of large winter-wheat States on page 1145. Recent accounts
stock? and small demand were the influences which speak of the probability of a very considerable defic­
produced tin- marked decline in February, referred iency in the wheat yield of France. This if con­
to above. \Yhat in turn has given strength to the firmed by subsequent advices may have an important
market now i* the simple fact that though old stocks, influence on prices later on.
»o far as the public record goes, have not decreased,
Governor Hastings of Pennsylvania in a message to
current consumption added to the enlarged export the State Legislature this week gave utterance to some
have at the low prices which have existed been important truths which cannot be too often pressed
absorbing the current product. Now that a slightly upon the attention of our legislators, State and na-

THE FINANCIAL SITUATION.

J un e 12, 1897.J

THE CHRONICLE.

1111

tional. The Legislature had sent him a resolution pleasing to think that a change in this respect is now
requesting him to state whether a deficit will exist in in progress.
Some doubts appear to be felt as to whether the
the revenues of the State the present fiscal year, and
if so what subjects of taxation he would recom­ Railway Pooling Bill now under consideration by the
mend, to the end that no financial embarrassment Senate Committee on Inter-State Commerce will be
may occur. The Governor declines to indicate any reported to the Senate at the present session of Con­
subjects for taxation, as that is a legislative func­ gress. There was a meeting of the Committee on.
tion. But he points out that at a time when Thursday, but an adjournment for a week was taken,
almost all industries are suffering, when trade without action on the bill, and some of the mem­
is stagnant, and when willing labor can find no em­ bers are opposed to making a report. The bill
ployment, economy in the expenditure of public has been amended in important particulars, some
moneys should control the Legislature in its appro­ of the provisions of the Foraker bill having
priations. After stating that he has steadily withheld been entirely eliminated, and it is open to question
his approval from bills increasing the salaries of public whether in its present form the measure would give to
officials, but would gladly approve any measure reason­ railroad interests the relief so much desired. As amend­
ably reducing salaries, lie makes a strong plea for ed, permission to pool under the proposed law must be
economy in expenditures. He says there are two obtained from the Inter-State Commerce Commission,
ways for States as well as individuals to success­ and contracts are held in abeyance for 60 days pend­
fully meet such exigencies as the present condi­ ing action upon them by that body. If objectionable
tions impose. The first is to increase the income to them, the rates must be modified or withdrawn.
to meet the existing outlay.
This is practically In effect, therefore, the rate-making power would
impossible for State or individual at this time. be in the hands of the Commission, since the
The other is to reduce expenditures so as to live power of approval or disapproval would rest with them.
within the income. This is good housekeeping. In­ In that case it is conceivable that the last state might
stead of searching therefore through the crippled busi­ be worse than the first for the roads. They would
ness interests of the State for new subjects to tax, or have bartered away the right to protection as regards
calling upon him to point them out, he suggests it will reasonable rates now accorded them by the courts, in
be much easier and more in the line of duty to en­ exchange for a privilege to pool which would be worth­
deavor to ascertain where the burden of taxation may less. Perhaps after all then it may not be a misfor­
in some measure be lifted from the shoulders of the tune if the pooling bill as amended is allowed to slum­
people. This is excellent advice, as also is the sug­ ber in committee.
Money on call, representing bankers’ balances, has
gestion that the speedy disposition of the work still
remaining before the Legislature, making an early ad­ loaned generally during the week at 1 per cent at the
journment possible, will meet with the approval of the Stock Exchange. A few loans have been placed at 1£
and some at 1 but the average for the week has been
people.
We think these words of Governor Hastings should a fraction below the last-named rate. A feature has
be taken to heart, not only by our legislators but also been the offering by one of the large trust com­
by all classes of the population. The trials and strug­ panies of round amounts on call at 1 per cent on
gles which we have experienced during the last four all dividend-paying stocks which have not de­
years will not have been in vain if we learn the lesson faulted in three years, but very little of this money
of frugality and economy in the conduct of all was placed. Banks and trust companies loan at the
our affairs. We are glad to see, too, that this rates current on the Exchange. There are liberal offer­
subject is beginning to attract attention com­ ings of time money, but the demand is light, mainly
mensurate with its importance. We notice, for for the reason that commission houses, as a rule, are
instance, an allusion to it in an interesting paper relying upon the call loan branch of the market.
read this week by Mr. James G. Cannon, the Vice- Quotations for time contracts on good mixed Stock
President of the Fourth National Bank of this city, Exchange collateral are 2 per cent for sixty days, 2£
before the National Association of Credit Men at per cent for ninety days to four months and 3 per
Kansas City, Mo., the subject being “Individual cent for five to seven months. There is a good
Credits.” Mr. Cannon gives it as his opinion that we demand for first-class commercial paper, while
have been suffering not alone from the failure of busi­ the offerings are fair and names do not accumulate.
ness firms and corporations, but from the straining of The inquiry will probably continue good until the
individual credit, which he thinks has been responsi­ banks are filled up, when the demand will naturally
ble in large degree for the prevalent unsatisfactory slacken. Rates are 3@3£ per cent for sixty to ninety
condition in business affairs. Many people have been day endorsed bills receivable, 3j@4 per cent for firstliving beyond their means, and since the panic class and 4@4£ per cent for good four to six months’
especially, he inclines to believe, individual credit has single names. Banks having large correspondence
been extended far beyond its normal limits; as a result with institutions in the interior report a continued
the whole line of credit has been disturbed, and the slow inquiry preparatory to applications for re-discounting,
undermining of the foundation has gradually weakened and the letters received speak very encouragingly of
and finally destroyed many of our noble institutions of the outlook for the employment of money; but as yet
trade and commerce. Perhaps Mr. Cannon goes too very few re-discounts are made. The feeling in mer­
far when he says we have been passing through an cantile circles uptown is very confident. Many houses
era of extravagance more pronounced than that report repeated orders for goods, while others say that
of any other period in the country's history, but their business is larger than it has been for five years.
The European political situation is improving, and
there can be no doubt that both in our business
and in our personal affairs we have laid far too it was reported on Thursday that the Ottoman officialslittle stress upon the necessity for economy as an have become more conciliatory on the subject of Thes­
element contributing to solvency and success. It is saly, and it is believed that Turkey will yield on that

1 HE CHRONICLE

1112

tlulraw her troops. The Bank of
ummn rate of discount remains unt»r cc t. The eablo reports discounts
not v day• bank bills in London 15-16 of 1
■n market rate at Paris is 1J
t. *The
and at Berlin and Frankfort it is 2 f per
i
cen
Voi lording to our special cable from London
>f England lost £314.071 bullion during the
t h e i>ii
week and held £ 36, 812,160 at the close of the week,
Our eorre pondent fnrthor advises us that the loss was
the export of £143,000 (of which £83,000 were
dn
soi f in the open market and £00,000 went to Russia),
to diipments of £140,000 net to the interior of Great.
Britain and to imports of £375,000, of which £235,000
were from the (Jape. £94,000 from South America,
£50,000 from Australia and £6,000 from Portugal.
The foreign exchange market has been very quiet
and steady this week. The supply of bankers’ bills
from various sources has just about equaled the de­
mand. and the offerings of commercial drafts against
provisions, grain and flour have been promptly ab­
sorbed. Though the purchases of stocks by the arbi­
trage houses for European account were large on
Wednesday and Thursday, no impression appeared to
be made upon the exchange market, which continued
dull and steady. No gold was exported on Tuesday
or on Thursday, but it was then reported
that Ladenburg, Thalmann & Vo. would send §260,000
t< she Continent on Saturday, which report was conrirmed yesterday by the withdrawal for that purpose of
the amount stated. The range for nominal rates for
exchange was unchanged at 4 86£@4 87 for sixty day
and 4 88@,4 884 for sight until Wednesday, when
Baring, Magoun & Co. reduced their posted rates to
4 MJ4 for long and 4 8,8 for short, which made the lat­
ter uniform by all the drawers at 4 88. Bates for
actual business in sterling have remained unchanged
during the week, and indeed there has been no altera­
tion in them since June 1. when they were 4 85f@
1 *0 for long. 4 87@4 87} for short and 4 87}@4 87i
for cable t ransfers. The following shows the daily posted
rales for exchange by some of the leading drawers.

point
Enela

DA ILY PO STED RA TES F O R F O R E IG N EX C H A N G E .

Fat

MON„

June 4, Ju n e 7.

mown
Sarin*.

| dO day*.

\ 84*hU ‘

88

| «0 day#.!

87

U m a u n 4 Co,. I S ig h t... . 1

I F
87
mx

W e d ..

Tatra. FBI..

J u n e 9. J u n e 10. June 11.

“ !« " m* w
is* IS* it*

Sgftk Britt
| 60 days, j 87
87
87
87
tf-6. A n jcricsA . I Sight*..,
m
88
88
88
Bank of
i <50 days, j 67
87
87
Mentre&i
I S ig h t.. |
U
88
Owtadlao FUnk 160 day#. m
o r e kjeoreerc© ., 1 S ig h t,..,
m
n
I?
0t*t4olL*«U, tek-■*60 days I
k Co.. <S ig h t.,. .1
w*
IS* 887 “ 86X
88
i 60 days,I 87
87
looms<
%fhmrem.. lltjfbL...
88
88
68
M M uutU* Bk. 460 days.
87
87
87
87
®fr*»,ada. ..
ft*
88
88
The market closed steady on Friday at 4 86|@
1 for sixty day and 4 88 for sight. Bates for actual
business were 4 85f@4 80 for long, 4 87@4 87-} for
<• f<»r cable transfers. Prime
commercial bills were 4 851 @4 85* and documentary
4 841 @4 85.
1he following statement gives the week's movements
money to and from the interior by the New York
banks.
HecHm-dhi? Shipped by j Net Interior
■V,r. Banks. N. T.Jkmke.l Movement.
.........rr
11424,000 Saiq.M,134,000
333.000 289,00(1Gain. 44,000
_Tmm I g oM and legal tfitodsfi. 1 $5,891,000 *1.713,000:Oaln,*4,178,000
Wuh the Sub-Treasury operations and gold exports
the result is as follows.
Wmk Ending Jmm u, imi.

Osit- t.. ......

VOL. US IV*

Week Ending June l i , 1897.

Into
Hunks.

j

Out of
B 'fifes.

N et Change in
B m k Holding*.

Ranks' Interior movement, as above $9,891,0001 $1,713,000 Gain. 4,178.000
nb-Treas.operat’na and gold expfcs. 13,100.000 15.300.000 Lorn. 2,200,000
Total gold and legal te n d e r s ..... $18, 901,0001*17,013,000 Gain $1,978,000

Amount of bullion in principal European banks.
J une 10,1897.

J u n e 11,1898.

Gold. \ Silver. \ Total.
O'Ild. I Silver. Total£
£
1
*
I
*
England......185.812.180
35.812,100 48,34*3,558
48,343.558
France....... 179.559.907 49.101,012 128.083,919 80,923,36850,207.214131,130,772
Germany.... 130,188,000 16.550.0(0 46.736.000 30.777.COO15.441.000 40.218.000
Aust.-Hung’y 34,584.00012.831,000 47.105.000 27,381,r.00 12.831.000 40,102.OCO
Spain. ...... 8,725,00010.241.000 18.988.000 8400.000 10,850,0- <* 19.256.000
Netherlands, 2,830,000 6.9542.000 9.622.000 2.085000 0,997,00o 9.033.000
Nat.Belgium,j 2,843,333 1,421,867 4.285.000 2.754,000 1,877,000 4.181.000
Toi.tbls week 194,290,40095,939,679 290,230,0792>1,170,11697,703,214 208,878.830
Tot. prev. wrk 191,151.47196,032.679 290,184.150 199.955,680 97.799,128207,754,708
G O V E R N O R J O N E S A N D T E E DENVER.
C O N V E N T IO N .

A rather ludicrous incident of the week is the re­
fusal of Governor Jones of Arkansas to send delegates
to represent that State at the International Gold Min­
ing Convention to be held in Denver early next
month, beginning July 7tli. A telegram to the daily
press states that when asked if he would appoint dele­
gates from the State at large to that convention he
said: “ I intend to ignore this convention altogether
and shall decline to appoint delegates to it. There is
no silver in it and I am opposed to anything of this
kind that seems inimical to the interests of bimetal­
lism.”
Governor Jones’ stand is a little amusing on a first
reading. I t permits of a construction tabooing every
industrial gathering of the kind to be held at Denver.
His statement is tantamount to saying he would not
take part in a convention called to advance the pro­
duction of any staple article unless in the call silver
was coupled with it; for increasing the product of gold
is in itself on the surface of things no crime against
silver any more than increasing the product of beet­
roots would he.
We are persuaded though that Mr. Jones did not
mean to put himself in that position. To understand
the Governor correctly one must empty himself of
every thought and conception except silver ; in other
words he must be a self-absorbed, one-idea silverite.
From the 16-to-l man’s point of view, the Arkansas
stand becomes thoroughly rational. Remember that
Mr. Jones and his party are after the 16-t^-l sort of
bimetallism, the go-it-alone kind, the adoption of
which he knows full well means an immediate drop to
a silver standard.
The Jones idea therefore is that gold could have no
place in his system—it would be a source of weakness,
not of strength. Wrhat use could there be for a metal
which would serve to remind the people of what they
had lost, the height they had fallen from ; surely he
could no more want to have brought to his “ remem­
brance from what state he fell ” than Satan did after
being driven out of Heaven. Besides, to enourage
the Denver idea would engender strife and bad
feeling among silverites; for Colorado would be fur­
nishing the nabobs with all the currency they wanted,
and be getting rich doing it too, while poor Arkansas
would be getting poorer yearly, selling its cotton at
half i>nce. This interpretation explains in a thor­
oughly rational way what is meant by the Governor’s
assertion that the Denver convention “ seems inimi­
cal to the interests ” of the metal he is fighting for.
Of course it is inimical.

J ONE 12, 181(7. J

THE CHRONICLE

We should not be at all surprisedjifjsome day Mr.
Jones should refuse to have a Colorado man in his
party. What could be more absurd than the idea that
a resident of a State 'which is seeking to be, if it is
not already, the biggest producer in this country of
the gold bugs' metal, is to be allowed to hold fellow­
ship with the silver bugs, who are trying to pay their
debts with a 50-eent dollar. On the one hand is the
Arkansas man who is seeking to make and introduce
his new style of vard-stick measuring a foot anda-half,
while on the other hand is the Colorado man manufac­
turing the three foot yard-sticks in limitless quantities
and sending them all over the country. Obviously
these occupations are “ inimical. ” A mere child
could see the antagonism. Mr. Jones is right.

1113

decrease with a shrinkage in that activity. Nothing
is simpler than the modus operandi of this principle.
With the diversification of industry throughout the
world, and the varying seasons of the year in which
commercial activity develops in the different States,
it is impossible that all trade centres should at the
same moment be active, or that their inactive seasons
should exactly coincide. The instance within our own
national borders is familiar. The harvest season in
the West and South brings an increase of activity in
trade to those sections during the autumn months and
the early winter; therefore money moves automatical­
ly during those months, an increased supply going to
the interior. In the later winter months and in the
spi'ing interior trade slackens, while at the same time
business at the importing and distributing points en­
ters its active season. Again, automatically, the money
INCREASED MONEY SU P P L Y AND IDLE shipped to Western and Southern points during the
TRADE.
autumn now flows hack in quantity to the Eastern
One of the commonest of all delusions on the ques­ cities.
Under normal conditions, the international money
tion of a proper currency is receiving to-day its answer
movement
is exactly similar. Until our national cur­
in the financial markets. We have been told by the
inflationist during many years, and we had it dinned rency was tampered, with, the spring gold exports and
into our ears last autumn, that the whole root of our the autumn imports alternated with the same mechan­
recent troubles was the inadequacy of the money ical precision as the currency movement to and from
supply. It was distinctly with this theory in mind the harvest districts. As soon as the drain of currency
that last July’s Chicago platform demanded “ the free to the interior or the drain of gold to Europe had gone
and unlimited coinage of both silver and gold at the so far that no more could readily be spared from our re­
present legal ratio of sixteen to one.” With still more serves, the fact was speedily reflected by an advance in
obvious consistency, the People’s Party platform local money rates. Such an advance invariably checked
voiced the theory by demanding not only unrestricted the outward movement, and in a very brief space of
silver coinage, hut “ a national money issued by the time the general equilibrium was restored. Familiar
General Government only, without the intervention of with this automatic check on excessive coin withdraw­
banks of issue”, and a “ means of distribution direct als, the New York City banks, by means of the gen­
eral clearing system, freely supplied whatever gold
to the people.”
All of this episode is fresh enough in memory to he was needed for remittances on export. They were
vividly recalled; it is worth remembering now, because perfectly well aware that the local stock of specie
subsequent circumstances have actually increased the could not be depleted, because the discount rate, long
money supply, and thereby in a measure fulfilled the before actual shortage of reserves was reached, would
wishes of last year’s inflationists. There is therefore rise to such a figure as would command return of gold
some opportunity to study the results. The Treasury to us from Europe. With such a safeguard it is not
issues, at the opening of every month, a bulletin surprising that the gold-exporting houses never thought
showing the aggregate of this circulation, and the of resorting to the Treasury’s gold supply.
The radical change in this part of our commercial
changes during the month preceding. The Govern­
ment’s facilities make possible an accurate statement machinery began with 1891; its deplorable results are
of the changes in the country’s silver and paper cir­ so familiar that we would not stop to recall them but
culation, while the changes in the gold coin and bul­ for the fact that the present situation provides a fur­
lion in the people’s hands from month to month are ther illustration of the truth. The wholesale issue of
reckoned readily enough from the statistics of the legal tender notes, under the Act of 1890, had pre­
Mint and of the Treasury. When, therefore, the cisely the effect which ought to have been, and which
June bulletin showed an increase in the country’s in fact was, anticipated by all experienced observers.
total circulation, outside the Treasury’s own hold­ Trade was already checked in volume through the in­
ings, amounting to §138,119,612 since June 1 1896, fluence of the London troubles ; therefore the
it is only fair to ask, on the basis of last summer’s country as a .whole and the large financial centres in
radical theories, where is the trade activity which particular actually needed less for the circulating
such expanded supply of money ought to bring ? Cer­ medium than they had needed before. Had the
tainly trade is dull, exchanges light and industry in­ money supply been left without Congressional med­
active. More than this, gold has for six weeks past dling, it would have solved its own part of the problem.
been going out on export. Within this period more Instead of this, however, upwards of §50,000,000 newlythan §17,000,000 has thus been taken from the mar­ manufactured legal tender notes were poured out an­
ket. Yet so abundant is the currency supply that nually into the general circulation. To this was
local discount rates, instead of rising, have declined; simultaneously added the influence of a heavy deficit
this week call money touched a flat one per cent basis. in revenue, by means of which the hoarded surplus of
In other words, the supply of money at commercial the Federal Treasury was emptied on the general
money market.
points is proved to have been actually excessive.
Trade decreased continuously in volume; in 1893
Experience has taught that if governments will re­
frain from meddling with the currency, the money a good share of existing enterprise was wrecked; in
supply in a given district, or in a given State, will 1894 was reached an extremely low level of commer­
increase as the activity of trade increases, and will cial activity. Yet the nation’s total money supply in

• *4

TUI

CHRONICJU

[ vo l , L x r v .

“".,u -p .
wllich OB July 1 1890 f U esti- pel our gold, and we should be once more at the mercy
s', .j hr tli* Trea-urv at $1,439,718,870, had reached either of chance or Congressional manoeuvres—which
h ; 1*.-i.rtiur. 1v>! Jthe stupendous stun of $1,739,783,- in the last ten years have been synonymous terms.
j, | ta.j iH.(m vasjuelv argued by the advocates
.. Xivu.-nrv Note Act of 18!»0 and of the Rev- C O N S T IT V r iO N A L 1 T Y OF T H E N E W Y O K E
A N T I-T R U S T L A W8.
t,JUU Reduction law of the same year, that if the
In the hearings this week upon the motion to vacate
carrowv could only be thus heavily increased, money
would flow inks the pockets of the people and trade the order foi the examination of Mr. Robert M. Oly­
activity would expand immediately. Rut what hap- phant of the Delaware & Hudson Canal Company and
pauiuV; Industry was so slack throughout the interior the presidents of the other anthracite coal companies,
ch.it the monev supply at all such paints was already the attorneys for the companies made what must be
more than adequate for purposes of exchange. There­ considered very strong arguments in support of the
fore, a# fast as the new legal tender notes were issued, contention that the Anti-Trust law recently enacted
and us fast as the Treasury holdiugs were thrown upon in this State is unconstitutional. The plea of Mr.
the market, the money thus disbursed was hurried to David McClure on behalf of the Lackawanna and the
New York, where it might possibly obtain employ­ argument of Mr. David Willeox, who appeared for
the Delaware & Hudson, are both able papers.
ment.
There had been, as we have seen, an increase in the Mr. Willeox attacked the law on various grounds,
country's aggregate supply tip to 1894 of $310,065,000, his main contentions being that in declaring the
,,r very nearly nm per cent. But in the same period acts specified in the statute to be illegal and void,
the money holdings of the New York City banks alone the Legislature exceeded its constitutional powers,
increased $143,150,000. Now if, as had been con­ that the procedure sought to be established by the
tended. the interior communities needed such perma­ statute is unconstitutional, and that in any event there
n e n tl y increased supply of money for their local trade, has been a complete failure to comply with the re­
this eastward movement of reserves would have been quirements of the statute in that regard. Mr. McClure
impossible. The money sent to New Y'ork City com­ and the other attorneys for the companies took much
manded only 3 per cent at- its destination; if there the same ground.
Mr. 'Willeox begins by pointing out that the law is
was use for it at- home at a reasonable rate
and
on sound collateral, it certainly would not something more than a mere declaration against monop­
hare been shipped. Even in New' York this olies. It goes nmch further and attempts to prohibit a
immensely increased stock of money lay for great variety of acts which have hitherto been every day
the most part idle; a fact proved conclusively in 1894 matters possessing no element of illegality. It stamps
bv the increase, even in the reserve beyond require­ as illegal and void every contract, agreement, arrange­
ment-. to so huge a sum as $111,623,000. The prin- ment or combination whereby competition in this
rij.lt, already noticed necessarily began to operate- State in the supply or price of any article or commod­
With an unprecedentedly large supply of money at ity of common use is or may be restrained or pre­
commercial centres, and with trade almost unprece- vented. It hence covers not merely contracts or ar­
dentedly inactive, what reason for surprise was there rangements for the purpose of restraining competition
that gold, tin* only international money of exchange, or necessarily having that result. Its terms extend
should have moved out continuously to Europe, with to every contract or arrangement, whatever its purpose
scarcely the interruption of a month ? With trade or character, as to which the courts are able to say th a t
to-<luy again depressed and idle, what reason is there it may possibly have the effect of restraining compe­
for surprise that the slightest actual demand for money tition.
at ;h> European cities should result in outflow from
Mr. Willeox says it needs no argument to show that
otir present congested city bank reserves?
the most ordinary and customary arrangements inci­
It i- our judgment that the currency question will dentally may restrain or prevent competition, although
never he rationally settled until this principle is rec­ that may be only remotely, if at all, their object. As
ognized : that an increasing stock of money does not examples may be suggested a contract of partnership
stimulate genuine trade, but that on the contrary in- between two persons previously engaged in the same
m-fiMiur trade attracts the requisite supplies of money. line of business; the appointment by two producers of
will not be settled, even if, as may con­ the same person to sell their goods on commission;
ceivably occur this year, American industry and trade the purchase by one wholesale merchant of the prod­
so far revive a- to provide employment for the full uct of two producers; the purchase by a farmer, man­
supply of currency now in circulation. Such a revival ufacturer or merchant of an additional farm, manu­
might reach large enough proportions to’ distribute factory or shop; the withdrawal from business of
through interior points our present idle Eastern cur­ any farmer, merchant or manufacturer; the ces­
rency reserve, and to invite gold imports in considerable sation of production of any agricultural or man­
quantity- from Europe. It might conceivably grow ufactured product or the suspension of min­
targe enough to cause embarrassment through lack ing because of the lack of demand; a cove­
if ready elasticity in the circulating medium— nant in a deed restricting the use of real estate.
a hex s'ti' it bank note issues on a scientific basis Any one who withdraws from business by that very
w',u*d quick*v have supplied. But no industrial re act will, in some degree, restrain or prevent compe­
t; v;s’ eat, go on forever. At best the movement would tition, and equally anyone who enlarges his business
at some: future period be interrupted. If the reaction by crowding others out, will restrain or prevent com­
sfvusnl
protracted and severe—and in this country petition. Mr. Willeox well says that the right toit i-. usually both—the same problem would rise again make such contracts or arrangements has for cen­
i >r settlement. 1 rider our present currency system turies been a necessary part of the rights of liberty
hi:., interior reserves would he shipped to city and property. He then cites a long line of cases to
= ; the overloaded city money markets would ex­ show that the Legislature cannot destroy these im-

-Jranc 12, l-H i

THE CHRONICLE.

1115

memorial rights of liberty and property by setting up require to appear before a Justice of the Supreme
as a new criterion of legality the possible effect of Court or a referee designated in such order and answer
their exercise upon competition in business. Both such relevant and material questions as may be put to
the Federal and State Constitutions guarantee them concerning any illegal contract, arrangement,
to the citizen the right to transact such agreement or combination in violation of the Act.
business as he sees fit, and to make such Mr. Willcox says it is clear that testimony thus
contracts and arrangements as may be inci­ taken could not under the provisions of the Con­
dental thereto. These rights, like all constitutional stitution of the State be used in any subse­
rights, cannot be affected by any legislative declara­ quent litigation. It could not be used in any
tion that their exercise shall be deemed illegal. The criminal proceeding or proceeding at law because its
power which the Legislature possesses in the premises use would be inconsistent with the constitutional
is not to prohibit the exercise of these rights gen­ right to trial by jury, which includes the right to have
erally, as is attempted by the statute under considera­ the witnesses produced before the jury. Equally, too,
tion, but to restrain them within such limits as may such testimony could not be used in any suit in equity
be required by the welfare of society—in other words, because of the provision of Article 6, Section 3 of the
to exercise the police power. And it is for the courts Constitution, that testimony in equity cases shall be
to determine whether or not action by the Legislature taken in like manner as in cases at law.
limiting these rights of the citizen is in fact a valid
The examination, therefore, is not for the purpose
of procuring testimony to be used in judicial proceed­
exercise of the police power.
Even when the business sought to be regulated is ings, but merely (in the words of the statute) “ for the
such as is said to be “ affected with a public interest”, purpose of determining whether an action or a pro­
It is well settled that the extent of the legislative ceeding should be commenced hereunder.” The At­
power is to impose merely such limitations upon free­ torney-General states in his petition that he “ is
dom of the right to contract as are reasonable under desirous of examining said persons under oath for the
all the circumstances of the case. In the present in­ purpose of determining whether an action or proceed­
stance, however, the limitations imposed upon the ing should be commenced under such acts.” The pro­
right of freedom to contract do not apply merely to ceeding is not judicial, Mr. Willcox avers, but simply
business or property “ affected with a public interest.” ancillary to the Attorney-General in the performance
They apply without exception to every sort of business of his duties—for the purpose of enabling him to
or property, even although the same be not devoted to determine whether he shall begin an action. “ Its
the use of the public in any respect and do not ancillary and non-judicial character is clearly evident,
depend in any way upon any grant by the public too, from the facts that it is not a proceeding in the
of privileges or franchises. Mr. Willcox then Supreme Court, or in any court; there are no parties
cites numerous authorities to prove that it is to any proceeding; the justice to whom the applica­
settled that the mere fact that a contract or tion is made performs no functions save either to take
arrangement may diminish or restrain com­ the testimony himself or to appoint a referee for that
petition,
does not render it
injurious to purpose; it leads to no judgment or determination of
the public or prejudicial to the welfare of society. any court upon any subject; the testimony does not
Of course in any discussion or consideration of this become part of the records of any court but is sim­
question, the recent decision of the U. S. Supreme ply delivered to the Attorney-General.” Mr. Willcox
Court in the Trans-Missouri freight cases comes to mind contends that the courts do not exist and that the
as possibly upsetting previous authorities. But Mr. justices do not hold office for the purpose of aiding a
Willcox contends that the question of the constitu­ possible litigant in determining whether an action
tional power of Congress to limit the right of freedom should be commenced. A determination of that char­
of contract was not decided in those cases. The acter by a public officer is a mere .administrative act.
The function of the courts is to determine actions
Court confined itself to discussing the meaning of the
terms of the statute under consideration. Even as to and proceedings which have been in fact begun. “Un­
that it held, he maintains, that in order to bring a der the present statute, it should be observed, still
contract within those provisions, it must appear that further, that the Court makes no determination upon
the restraint of trade or commerce is its necessary any subject. The Attorney-General does that. And
effect. That is very different from attempting to in the present case he has not even thought it neces­
enact that a contract or arrangement shall be illegal sary or 'practicable5 to furnish to the court any facts
if restraint or prevention of competition is its possible upon which it could base a determination as to taking
the testimony. He merely informs the court that he,
effect.
The statute is unconstitutional, Mr. Willcox main­ the Attorney-General, deems it 'necessary and proper5
tains, for the further reason that it attempts to de­ that the court should act.” Hence it is manifest that
clare illegal contracts or arrangements made outside of the statute seeks to impose in this regard upon the
the State. Besides this, the provisions upon die sub­ Justices of the Supreme Court functions which are
ject of procedure are unconstitutional. Section Fourth non-judicial in their character.
Mr. McClure takes an equally pronounced stand
of the Act provides that for the purpose of determin­
ing whether an action or proceeding should be com­ against this provision, saying : “ It is proposed to use
menced the Attorney-General may examine and pro­ a judge of a court, or somebody appointed by a judge
cure the testimony of witnesses in the manner pre­ of the Court, giving to him extraordinary powers of
scribed in the Act. Section Fifth provides that when­ inquiry and the right of punishment for contempt, for
ever the Attorney-General deems it necessary or proper the purpose of aiding the Attorney-General of
to procure testimony before beginning any action or the State in performing a duty which is exclu­
proceeding he may present to any Justice of the Su_ sively incident to his office. The Attorney-General
preme Court an application in writing for an order is not a member of the Judiciary Department of the
directing such persons as the Attorney-General may Government; he is an executive officer upon whom is

MB

} 1 f6

CHRONIC LB,

[Von. LXIV.

1

csisit, rr*. *t th< tioi'v of assisting in the enforcement of i bushels, against only 28,090,867 bushels in 1896. The
til,, i,m*. ontulevl ioust* the courts only as any other following is t he grain movement in detail in our usual
attorney is. *
* While the a«t gives to a referee j form.
FOR FOUR WEKK.H ENDING MAY 2 9 AND
th,
-- power to punish a witness for contempt, it RBOBIFTS OF FLO O R AND GRAIN
since «ranoary i .
jg MU*:!! with reference to the power of the judge to
n ea r,
Bar ey, | Bin
irflumi,
a*!»
i>\v, T h e judge is acting merely us a clerk to the
(Ml*,)
<bu#h,>
0 w h \ (bUr
“ *
. j
Chicago™
Auorm.'V-tii'Mi-ritL We submit that it can never be l wits.
1
Mar, 1897
2-7,223 4.7* -8,733 s .GW.pm:
m .m s
fjfijTo:
81,300
Id7.70!
1ST.210 8,930.' 8) 0,237.545
i »it» May. la w
70.165
866,04 3!
th, t!u> u<m of n judge or a court to assist in the tak- Since
Jan.l, I81L 1," 12,000 1.790.020 S!2,030,38* • H-s, 12l,2.": II.-sh 1.478
503,1 88
3,3
ni.8; s 18,249,117 35.567.8T5 0,080,4601
Since
Jan.l.
189*
666,709
919,452
iti, ,f tcstltnonv for the use of the Attorney-General
130.200
5S2.1 50
wits, .May, 1897
017.' on
W 3 as
518.400
73.500
whm no action or proceeding is pending in court, and 41 wk$.
Mar. I89h 107.200
800,700
229.450
950,000
629,000
110.275
000.200 2,365.181*
Since
Jan.l,
1897
313,438
n
s . 850
SUV-l.fltXt
8.387.916
when such testimony, after being taken, is not subject Since Jao.li, 1890 3.288.310 2,874.342 800,001* 3,363.000 3.805,837. 4681.525
3t.
Louis—
to ans control of the court.”
4 »k». May. 1897
104,225
395.085 1,737,29 ’ 1,181.395
118,517
2*466
m ,ooy
308,310
■} writs. May. 1880
611,9;'o
871,931
22.5)9
12.701
A further objection to the provisions of the statute Since.]
an, 1,1897
511,501 1,701,580 31,769,887
666,062
512?,870
471,200 2,260.5 -3 0,502,093 3,357.458
Jau.l, 1800
08,216865.080
is urged upon the subject of the practice to be pursued Since
Taleeto—
3,194
Mar. 180•
897,783
636,008
117.000
4.113in tin* premises. On this point Mr. Willcox says: i4 wits.
4,951
. 13* JOP
wkn. May, 1800
487,000
5.5D0
3,0<0
19,0'0
loj.iw? 5.860.100
Since Jan.l, 1807
270.913
13,787
1,7-0
14.S0O
•• The act is a novel and dangerous attempt to leap Since Jan. 1,1806 22.542 988,2.0 l-.912.0u') 37,800
Detroit
22.800
85.030
’ 5.520
WKS. M-JV. 1807
11,000
4,347
over the limitations of the power of the State as a 41 wit*.
?7.397
3».n4>
12.175
May, ISOn
70.351
8 ’..35/
01.136
92.860
145.42?
■i; j,?' 2
Since Jan.l, 1807
21MS.008
4.34?
36P.454
sovi-reisru and to infringe upon the rights of citizens. Since
03.141
648.590
600.) 01
Jan.l, 1890
748.858
573,573
.... .
levelan >
I? i< e s se n tia l a part of English and American con­ 1 dwits.
•
8.619
250.090
91 3?2
May. 1807
481,196
3,8/7
wks. May, 1800
210.7MS
30.810
104,20V
2,395
stitutional law that inquisitorial investigations of •1Since
24.072
489.807
Jan.l, 3807
275.IV.
4.090
sm .sci
15,002
Jan.l, 1803
766,118
289,00?
4 1S.SU
10,80S
alleged crime shall be made only by the grand Since
Peon*
a, May, 1807
30.500
34 200 1,613,501 1.D79.8W
6,6 ' 0
81.161
jure as that an accused person shall be convicted only -i4 wit
10,806
40,850 1 141.250
53,206
wk«. Man. WHO
9ill,eSn
3,000
Since Jan.l, 189?
136.050
B83.B0O
9.097.870
•1,
87.86(1
470,060
43,700
by a verdict of twelve jurors.” It will be seen that Since Jan.l, 1808 188,700 5?l.h50| 9 104,WOO 0,820,000 Of3,400 06,650
ulutha number of novel points have been raised, and what­ 1 DwKa.
478,00
May. 1897
3.079,218
1,258* 1.085,604
300,3*3
155J02
1 wk.H. May. 180* 30a. 195 3,700.4 2>
401JO2
«93
336.029
70,778
ever the decision of Judge Chester, the final adjudi- Since Jan.l, 1897 7* 0.065 11.252 859
47.610 ?,657.S?y ],-ni.f83
004.479
738,1.16 14,5' 2.387
Jan.l. 1890
JlS.&Vi 1.113.853
779.154
178.807
cation of tiic matter on appeal will he awaited with Since
Minneapolis—
6,176 3,919,'**-00
i was. May, L897
327 9/0 1,40'\74O
much interest.
14.539 2,390,33(1
ofl.n-i
685.420
1 wks. May, 1890
r a il r o a d

g r o ss e a r n in g s f o r m a y

.

It is gratifying to find that railroad earnings are at
length beginning to show marked evidences of im­
provement. For the month of May our tables below,
covering K31 roads operating 98,380 miles of line,
record 81.1)43,783 increase, or 5*14 percent. More­
o v e r , no le s s than 77 roads out of the 131 have contributed to this increase. The showing is the best for
a great many months. In part the better comparison
has to 1><* ascribed to the fact that we are comparing
with less favorable results a year ago. But in part
also it is due to some increase in trade activity in
certain parts of the country, added to a larger vol­
ume <>f agricultural tonnage. That no general revival
in trad** is under way vet, however, is evident from the
circumstance that passenger earnings nearly every­
where still record a falling off. The following sum­
marize* the May results for a series of years past,.
M im e .

Mail
liS « l i s t rf*#4#>~-* .
i m i i m tm mi*>„
f9Mt4pK.-

Year
Given.

Year
Precal in

Mile*.
9S.S09
m ,9 m
lo o .m
96£&

Miles.
94.122
06,53 i
ioo. n s
05,280
07.611

03,703
S9.»!S
106,213
s*5,m
07.951

04,016
98.531
100,168
06.300
07,152

Wtn 131 t ,»■>«...
Jan . 1 <* M m 11.
v m \\m
t m UOr-MMJti..
n s i i mMY**
m m t m tmrn*h.

E arnings.
Year
Given.
%
43,074,051
30,5*51,05’
39,391.4 3P
37,624 3*0
80.711,940

r«
PreceAin

Increase
nr
Deer• a

*
39.53ri.97*. In c .
41,343 0> Dec.
37,030.0/h 1Inc
30,089. 62 In c .
37.700.148 In c .

3,637.071
7.78-J.dOt
2.301.10:
8H1A311.94 :,?82

210,740 87*' 211,576,0 i, In c . 8.105 H i
181,000,0**3 311,304.30* JDso.2B.728 383
189.01*0 IB 185,003.676 I m . 4.080,6ia
189,788.01P 177.301.077 In c. 18 8*7 6 1
1»0.70V«* iSB.704.106 TaC 1.002 699

A- for ns the crop movements are concerned, thegrainciirrying roads had in most cases a distinct advantage
in the fact that the grain movement was very much
• r than b t.

<H wbeaf the receipts m

the Western primary markets were 9,873,477 bushels
;t; •',* t,,iir vo*„k ■ending May 29 1897, against only
, ..V"-:,,•p; bushels in the corresponding four weeks of
,,f eorn the receipts were 10.935,822 bushels,
against n,511,954 bushels: of oats 14,914,589 bushels,
against 8,tT>3y497 bushels. Taking the three cereals
r/ivis?ion.-d together and adding- barley and rye, the
,t-> f - •!.. receipts this year stands at 37,813,745

Since Jan.l, 1897
Since Jan.l, 1808
Kansas Oily—
i wise. May. 189?
4 wise. May, 1890
Since Jan.l, 1897
Since Jan.l. 1890

44,720 D.saiNiiC
41,775 22,814,250

751,600 5,1s0,450
758,064 2,374.430

230,00*
61,0., 9
1.309,600
409,740

374.000
1,818.000
t ;9tK>
2*1
Q 859.150 1,514,500
17 5,1583
63,009

-k*-;.- is ,

i 2.630

9,830

,

Total of alt—
43'*, 739-1 w Its. May. 1807
90J,872 9 873.477 10.935.82J 14,914,569 1.150,138
769.441 r,588.o« 6,5 n . 954 9.953.49? 1.700.851
4 wks. May, 18U«
270,519
Since Jan.l, 189? 3.442.4’-7 30,437.4 90 57.553.'* l:- 58,704.001 1 *.730.6911 2,10rt,Oil
Since Jan. l. 1890 3,700.317 48.980 8*9 48:887,617 58,195.153* 13,021.178 1.315.0H

It will be observed that Northwestern points
particularly were benefited by the large crop move­
ment. For instance, at Minneapolis the receipts of
wheat were 3,919,600 bushels, against 2,390,330 bushels,
and of oats 1,496,740 bushels, against 685,420 bushels ;
at Duluth the wheat receipts fell a little behind a year
ago, but the oats receipts were 1,085,604 bushels,
against 401,002- bushels. At Chicago evidence of an
increased movement is not so marked. In this ease
we have the figures for the even month, as follows.
S E O B tP T S AT CH IC A G O DU RING M A T AND SIN C E JA N U A R Y 1 .

May.
WJieat.buBh.
Corn. ..bosh.
Oats.. bush.
Rye., .bush.
Barley.bush.

1807.

1896.

293.523
•4.807,13*
8.317 5 7
82,600
575.320

214.187
4.324,400
6,797.730
76.305
70^.313

Total ttrain 14,078.464 L2.115.831
145.88"
179.000
Flour., bbls.
437
131
Pork....bbl8.
Out nUfcs.lbs, 30,581.248 12,55' ,7 4*
3,068.610 0,201,132
Lard.__ lbs.
729,740
66*), n *
fare hotrsNn

Since J a nuary 1.
1895.
410,72?
6,110,736
7,752.335
134,84 2
341,569
15.056.l4t
211,9S?
970
11,732,^35
3.519,450
t m 8dl

1897.

1896.

18M5.

1,820,132 3.54 5.9 -S 2.316.255
22,225,? 51 29,021 760 18,582,225
80.066. H- 3‘ ,591,312 24,122.442
578.45k
700,328600,768
5,627.48
6,192152 3,90^,345
66,329.7 VJ 76,920.^11 49,625,590
1,016.572
934.7 54 1,248. 88
2 555
4.240
1,020
58,017.401 65,232 975 69,345,376
23,027.807 81,.'6 .0 i 23,63 j,8« 3
3,322.09
3,131,171 3,540,5-7

The foregoing shows a large increase only in the ease
of oats, making the grand aggregate of the grain re­
ceipts for 1897 14,076,464 bushels. This, while nearly
two million bushels in excess of the movement for last
year, falls a million bushels short of that for 1895.
The deliveries of live hogs at the. same point were
larger than in any recent year, aggregating 729,748
head for 1897, against 060,113 head for 1890, 674,804
head lor 1895 and 573,187 head for 1894. It deserves
to be stated, however, that the live stock movement as
a whole at Chicago did not equal that of last year, the
deliveries being .22,890 car-loads for 1897 against 23,327
car-loads for 1896, The St. Paul road, though, brought
in 3,731 car-loads against 2,877, and the North Western
4,081 car-loads against 4,513 car-loads; the Quincy

i'HE CHRONICLE.

J une 12, 1897.]

brought in only 5,569 car-loads against 6,022, and the
Alton 1,299 against 2,051.
As regards the cotton movement in the South, there
was a loss in the shipments overland, these amounting
to only 51,382 bales for May 1897, against 71,.701 for
May 1896, but at the Southern outports the receipts
were a little heavier than a year ago, though the gain
did not extend to all the ports, as will appear by the
following.
RECEIPTS OP COTTON AT SOUTHERN PORTS IN MAT, AND
JANUARY 1 TO MAY 3 1 , IN 1 8 0 7 , 1 8 9 6 AND 18 9 5 .
May.

Ports.
18£7.

Total

..

.....

Since Ja n u a ry 1.

1893.

12,927
2,577
40,761
3,980
3,113
13,310
6,881
8,084
5,264
256

16,224
1,714
41,438
2,102
113
20,798
495
2,902
140
2,589

14,750
2.415

17,027
3,430

113.348

108.952

G alveston...............bales.
Texas City, &c...............
New Orleans.....................
Mobile.................................
Florida................................
Savannah...........................
Brunswick, Ac...............
Charleston.........................
Port Royal, Ac...............
Wilmington.......................
Washington, A c ............
Norfolk...............................
West Point, Ac..............

FROM

1895.
14,5*4
3,192
55,106
2,699
356
13,807
1,809
3,470
5,893
228

1897.

1896.

590,41143,892
572,860
87,841
40,117
217,546
49,260
81,142
13,254
29,269
169
141,237
6,975

2 >7,306
5?,504
550,684
64,298
13,203
219,910
30,360
67,348
37,769
35,555
125
149,168
30,297

1895.

433.408
29,221
902,342
71,463
9,028
243,819
46,476
113/09
78,251
33,6 (4
126
10,487
115,993
4,524
95,423
116.225 1.578 981 1.488.507 2 202/04

1117
EARNINGS OP SOUTHERN GROUP.

May.

1897.

Ches. A Ohio........
Georgia.................
Kan.C.Mem.ABir.
Louisv. A Nashv.
Memphis A Char..
Mobile A Ohio—
Nash.Chat.A St.L.
Norfolk A West.6
Soutb’u Railway.

$
814,325
102,053
a89,556
1,682.895
113,015
323,826
*392/59
836,526
1,463,633

1896.

1895

1893.

1894.

1892.

t
*
*
*
*
744,455
571,800
863,120
837,976
833,811
104,341
80,955
89,247
84,210
83,301
71,862
71,588
81,2L2
a76,136
85,379
1,602,014 1,533,364 l,48t,4'9 1,761,613 1,707,678
89,413
99,328
S7.445
107,208
97,406
290,426
291,070
260,012
263,480
315,628
398,066
414,376
358/4418,117
392,859
769,552
582,174
932,86'
929,314
£880,408
1,364,676 1,389,503 1,298,667 1,511,434 1,465,043

Total .
5,818,688 5,641,382 5,276,744 5,155.334 6,038,660 5,051,374
a Figures here for L397 and 1893 are simply the totals of the earnings for th e
four weeks of the month as reported in the weekly returns; th e month's
earnings usually exceed the weekly estimates quite considerably.
b Including Scioto Valley fc New iSnglaud and Saeuandoah Valley for all tb e
years.
* Figures for May not reported; taken same as last year.
£ Figures are approximate, same as tor this rear; actual earnings were larger.

In the Southwest, outside of the Colorado roads and
two minor lines in Texas the returns show improve­
ment. The falling off on the Colorado lines is largely
due to the heavy snowfall last winter and the bad con­
dition of the country roads now when the snow is
melting.
EARNINGS OP SOUTHWESTERN GROUP.

May.
Den. A Rio Gr.

1897.

1898.

*
551,000
+217,246
a 332,496
769.454
1,873,000
78,100
319,0)0
465.430

t
577,300
+210.332
a 282,251
731.452
1,681.496
44.223
31 ,45d
397,044

1895.

1894.

*
*
557,011
670,305
221,856
217,287
352,572
397,997
781.121
639,531
1,893,072 1,869.696
70,293
46.042
363/90
295,705
479.377
470.217

1893
t
757,717
300,152
417/01
8P6.221
2,119,909
83.95-1
333.900
514/72

1892.
$
685,495

267,242
We have stated above that out of 131 roads or sys­ Int.AGt. No..
K.O.F.8.AM.,
419,984
tems contributing returns, 54 report losses ; only eight Mo. K. A Tex.
740,825
Mo.P.AIr.Mt.
1,903,334
of these losses exceed $30,000 in amount. On the St.
Jos.AG.I..
303,382
other hand the gains in excess of that figure are quite 3t.L. Southw.
411,642
Texas A Pac.
numerous. They are made up very largely of grain- Total___ ... 4,610.726 4.213,6l i
4.713841 *.537.700 5,459,432
carrying roads in various parts of the country, but it a Figures Here tor 1397 aud L8J3 are simply tb e totals of tbe earnings for th e
four weeks of tbe month as reported in tb e weekly returns; tbe m onth’s
is noticeable that they also comprise a number of other earnings
usuallv exceed tbe weekly estim ates quite considerably,
t Galveston Houston A Henderson not included for th ese years.
roads—Mexican lines, for instance, the New York
In the Middle and Middle Western sections where
Central, several Southern roads, etc., etc. The fol­ the manufacturing industries abound, the showing is
lowing is a detailed list of them.
less favorable and the losses largely outnumber the
PRINCIPAL CHANGES IN G R O S S EARNINGS IN I I I Y
gains. The trunk lines fall in this group and of these
In crease*.
In crean e*.
M exican C entral..................$ 2 8 9 ,3 2 7 .Minn. St. P. A S Ste. M . $ 1 9 071
C anadlau P a c ittc ................ 22 3 ,1 3 1 Mo. K a n s A T e x a s ............ 3 8 002 the New York Central, the Big Pour and the Balti­
Mo. P a c if ic ........................... 1 9 4 ,5 0 4 S t J o s. A Gr. Isla n d ......... 3 <,i872
more & Ohio Southwestern are able to report im­
G reat N orrh ern ................... 187,741
T o ta l (rep resen tin g
Illin o is C e n t r a l................ 1 5 0 ,0 0 '
proved
totals.
23 r o a d s)................. $ 2 t1 8 8 .‘>4.:j
K ans. C ity P ittsh. & G u lf 1 4 0 .097

Mexican National___ . . . 127,219

N. Y. C ent A Hud. R iver 1 0 4 , 5 0
Chic Milw. A St. P a u l___ 101,717
B o w b ero R a ilw a y .............. 9 4 .9 5 7
.Louisv. A N a sh v ille .......... 8 0 .SSL
N orthern P a cific................ 77,< 20
............ 6 8 ,3 8 6
T e x a s P cttic.
M exican R iilw a y * . ___
5 1 ,0 0 »
K an. C. Ft. 8. v M em phis 5 0 ,2 4 2

Chic. A E Illin o is.............

Oregou RR. A N a v ig a tio n
C hic G re*t W estern . . . .
* For th ree w eek s o n ly .

D e cr e a se * !.
D ul. Sc. Sh. A AM............
W isconsin C en tra l---------

EARNINGS OP TRUNK LINES.

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

4 3 .1 05
4 2 .1 0 » 8. A O. 8.W |
4 1 ,3 8 4
Ob. A Miss.
3 4 ,9 3 C.C.C.ASt.L 1,062,580
3 0 ,0 9 1 G.T.of Can. 1,475.267
46,770
Ch.AG.T...
*234,635
T o t il (rep resen tin g
4 3 ,6 8 2
•72,434
D.G.HAM.
S ro a d s).................... $ 3 3 7 ,6 5 1
4 /,* 8 1
N. Y.C.A H.+ 3,808,730
930,176
Wabash__
•
s u r p r is in g t o h e a r , in v ie w
Total........ 8 /5 9 /2 7

EARNINGS OF NORTHWESTERN LINES
1897.

1897.

1896.

1895.

1894.

1893.

1890

1895.

*
401,940

*
482,020

1,051,579
1,491,201
204,728
70,322
3,764,680
965,141
R.0'»9/n0

$
475,215

W heeling A Lake E rie . .
C olorado M idland . . . .
W est. N. Y. M P enn . . . .
W abash........................... ...
Chic ii Gr. rra n k ’ . . . .

of the large grain movement in that section of the
country that Northwestern roads on the whole pre­
sent better comparisons than those of any other group,
only the Duluth South Shore & Atlantic and three
minor roads falling behind. The fact has special
significance, however, owing to the circumstance
that this group of roads also made a good showing
last year. Here is a six-year comparison for some of
the leading lines. It will be noticed that the Great
Northern, the Chicago Great Western and the Bur­
lington Oe lar Rapids & Northern all record for 1897
larger earning3 than in any previous year.
May.

May.

1893.

t
1
$
$
*
$
310,857
292,476
277.4' 0
317,081
310.057
286.659
Burl.Oed.R.A No.
300/37
353,592
344,151
295.9 '7
Cbic. Gt. W est....
397.035
272,278
Obio.Mtl.A3t.P. > 2.359,038 2,257,921 2,144,004 2,259,7i» j 2,540,291 2,251/19
131,700
I 161,283
Milwaii.A No.. 5
Jhlo. R. I. A Pac 1,202.489 1,201.242 1,107.213 1,376,774 1,610,757 1,266,896
184,613
143,503
205.66 i
193,873
Duluth 3.3.A Atl.
126.131
223,770
992,109
Great Northern.. 1,618.409 1,430/78 1,231.301 1.043,442 1,145,493
135,147
123.503
128.050
125,427
Iowa Central......
129,525
128,324
148.915
136,575
140,940
Minn.A St. Louis.
151.350
142/70
157,728
158.833
8t. Paul A Duluth
118.139
129.030
117,702
140.038
109/45
Total ............. 6.4 9.797 6.151.158 5.728 514 5.78a.7“5 0.70P 83S 5.HA»'.516

In the Southern group there is more or less irregularity.bat on the whole the gains predominate.

* I i t n las 4, . n** V v e r t o i v n

'c

1894.

1893.

1892.

1,181,537
1,445,458
243,286
79,920
3,608,016
980,821

1
$
453,801 ( 192,76d
< 317,648
1,020,081 1,184,755
1,423,230 1,574,915
300,133
254,611
78,094
94,217
3,304,8 >3 4,0)1.613
857,244 1,110.904

*
192,142
31O.1L0
1,097.354
1,503,473
294,113
89,636
3,643,403
955,369

8/27. l in

7.391/23

8/76 948

8.085,500

•) r d e u s b u r g f o r aiI t h e y e a r s .

* Fourth week not reported; taken same as last year.

It will be observed that the aggregate for 1897 here
is slightly better than for 1896, and the same is true of
the other roads in the Middle and Middle Western
group, notwithstanding the large number of roads
which have fallen behind, as will appear by the
following.
ARNINGS OP MIDDLE AND MIDDLE WESTERN ROADS.
May.

1897.

1896.

1895.

1894.

1893.

1892.

*
$
$
1
$
*
Ann Arbor.............
90,503
89,068
85,814
75,591
80,219
82/78
Buff. Roch. A Pitt.
276,890
209,140
231.502
94,867
307,951
268,592
Chicago A East. 111.
105,626
263,008
259,604
309,778
300,150
299,012
Ohio. & W est Mich.
108 430
132,021
120,12 • 174/31
117,772
100,717
Col. H. V. A T ol...
186.512
125,837
215,411
190,296
103,113
287,264
Det.Gr.Rap.&Wes.
87,447
00,846
83,059
101,001
97,07 9
93,761
80,398
81,844
84,489
79,709
104.133
fflvansv.ATerre H.
100,331
Flint A P. Marq__
198.399
205,617
209,131
258,6 LI
187,781
218,596
Gr. Rap.AInd........
197,596
210,401
191,951
270.751
189/11
251,548
Illinois Central*... 1,794.4'. 9 1,644,154 1,757/08 1,504,423 1,868,414 1,604,770
Lake Erie A West.
283,783
290,097
277,28?
259,517
302,080
253.063
301,875
Long Island...........
341,873
347.015
371,301
335,611
359,255
112,410
117,204
Lou.Evans.A St.L.
1-4,889
108,941
139.217
107/01
N. Y. Out. & West.
294,006
313.729
288,950
340,48i
322,483
306,118
Plttsb’g A West’n.
253,3 >9 272/91
259,450
179,082
249,146
198,949
Tol. A Ohio C ent..
132,126
121,472
95,795
70,078
142,700
162,562
74,062
80,316
Tol. Peo. A W e st..
76,400
58/28
74/41
72,010
Tol. 8t. L .& K . C..
170,723
163,829
178,232
113,032
108,205
138,422
West. N. Y. A P a..
200,033
210,600
257/01
192,560
320,441
280/25
Wheel. A L. E rie..
119,319
73,427
70,244
64,857
139,050
129,040
Total................. 5,303,262 5,230,888 5,199,031 4,368,035 0,020/37 5,320,314
* Includes tbe operations of tbe St. Louis Alton & Terre Haute for al 1
th e years.

1118

THF CHRONICLE.

Among the 1'.u n til' roads, both the Norther*. P a c i f i c
a r.ii *h. Canadian Pacific have very m a t e r i a l l y e n l a r g e d
their totals.

[VOL. LX1V
G ro w g a r n in g t.

Marne o f R o a a .

1897.

1896.

M iteaue

Tnereate ot
Decreate. 1897.

1896.

jfc
*
$
ft&RNtXOH OF PAOfiraO ROADb.
227
Plttab. A W estern__
150,772
155,738
—5,016
227
Plttsb, Clev A Tol
73,88'
79,223
- 5 ,3 3 5
77
77
33,729
Plttab.
Pa.
A
Fair..
61
1802.
37,683
—3,954
61
1808.
1
M
i.
!*UT.
1800. | i
H * n.
25,077
Quin, Omaha A K. C.
23.361
139
+ 1,713
139
$
f
32,047
Rio
Grande
South'u.
38.311
#
»
180
180
—6,264
1
*
i l.m .is a 1,460,40*- 1,805,548 1,702,021 Rio Grand* Western. 201,400 207.200
—5,800
52c
520
UMffcftOQ;
78,I<'0
44,22*
251
+ 33,872
201
I M I W * 1.107,i?rt 1,801,088 1,721,375 8t. Jos. A Gr. Island,
S*n«i6t'
22,057
8!..
L.
Ohio.
A
St,
Pam
22,036
U
9
119
+21
1 trn&w
XSW.640 214,10£
21739®
319,00
310,450
8t. Louis Southwes’n
+ 8,544 1,223 1,223
11*. 139
109,045
+ 9,094
248
248
2.8! 1,506 8,7Ut03) 3,044,804 St. Paul A Dulut h ___
TolifcL.*.»***«*.
Ban Fran. A N o.P ao..
69,098
68.911
105
+ 157
165
2 *.135
ih e r Shrev.A South..
23,336
- 2 ,2 0 0
155
155
GROSS EARNINGS A S fl MILEAGE IN MAY.
75,130
55,832
South Carolina A Ga.
329
329
+ 19,298
1,546
1,63!
8o. H aven A E a st'u .
37
37
+ 10
MiieaO'
G ro st E a r n i n g *
1,463,633 1,364,67!
Southern Railway..
+98,957 4,803 4,752
15,720
Texas Central............
15,4.35
176
176
g a m t o f R oad.
In erta te or
465,430
30 7.044
Texas A Paoiflo..........
+ 68,386 1,499 1.499
1896.
1897.
D ecreate. 1897. 1896. Tex. Sab. Val. A N'w.
2,564
2,085
3b
—479
38
132,126
124,472
Tol, A. Ohio Central..
+ 7.654
371
367
$
$
$
74,002
76,400
Tol.
Peoria
&
W
esfu
.
—2.338
248
248
310 Tol. Bt. L. A K. Cu v310
+2,368
111.214
13 3,582
Alabama Ot.South’n
170,723
178,2*2
451
—7,559
451
A1»-N.O.T«>x.A Psve-—!
291,491
275,984
974
Den. A Gulf.
974
+ 15,507
195 XIu.Pac.
195
—5,231
97.143
91,912
N. Orl. A Ni>. East.
930,176
965.144
Wabash.........................
—34,! 68 1,936 1,936
142
145
+
6,510
32,909
39,508
Ala. A Vickab....... |
216,600
651
257,964
—41,304
651
West.
N.
Y.
A
Pehn...
189
189
—14.967
45,230
80,2 68
VRifab Shr.APac.
247
76,244
11.9,349
—43,105
247
307 Wheel. A Lake E r ie ..
307
+1,50(
89,068
90,568
Aon Arbor..................I
327,936!
382,436
—54,500
1
89-1
894
Wisconsin
C
en
tral..
278
278
—95
43.525
4.|.43(
Atlantic A D an v ille.
921
921
+
13,269
461,946
475.215
Balt. A Oliio Soutb w.
39,711,930
37,769,14*
T
otal
(131
roadsi.
+
1,9
4
2
,7
8
2
98,280
97,511
34 0
34(
+7,750
269,140
276.891
Bur Roeh. A Pittsb
+1,024 1,136 1,136
316,057
317,08!
Buri. Ceil. R- A N o ..,;
* F ortn ree weeks only.
Canadian I’m ISa . . . i 1,«48,0M 1,721.869 + 223,i31 6,476 6,444
i Includes 8t. Louis Alton & Terre H aute for both years.
55
55
2,93!
—483
2,453
Carolina M idland....!
1
Earnings of Galv, Hons. A H enaerson are excluded for both years.
+15,671 1,523 1,459
314,224
329,895
Oemral of Georgia
—23,651 1,360 1,300
Cbt'-aiHsii:e A Ohio.
837,97b
614,325
GROSS EARNINGS FROM JANDAR Y 1 TO MAY 31.
521
54!
+ 46,770
263,008
309,778
Ohio, A East Illinois.
344,154
+42,*81
387,. 35
Ob!i- Great Western
O ne. Mil. & St. Paul . 2,359,63! 2,257,921 + 101,717 6,151 6,151
In c r e a s e . D ecreate.
Nome o f R o a d .
222
1897.
1896.
227
—3,356
70,245
60,881
Chic. Pro. A St.Loule.!
+ 1,247 3,57! 3,571
Chic. R. Ial.A P a c... 1,202,489 1,201,242
$
$
8
581
$
58!
+ 9,336
108,436
117,772
Ohio, A West M ich...
47,401
330 Alabama Gt. Southern..
616,004
5C8.C03
336
+ 20,436
234,458
304,996
Cln.N.O.ATox.Pao..
210 Ala, N. 0 . A Tex. P ac.—
210
—8,581
55,031
63,611
Clev. Canton A S o ...
1,522
N. 0 . A Northeast'tt..
528.609
530,131
+11,001 l,83l- 1,838
Glev. C ta.C b.A 8LL .. 1,062,580 1,051,579
Mabama & Vieksb’gr..
2 3 ,3 4 !
192
237,144
213,799
192
Twmw--**t- 2 9 ,0 8 5
134.214
105,129
Clev. Lorain AWheel,
346
212,364
1,431
213,795
34
<
186.512
+3,784
190,296
Ool. Hock. Val. A To!
56,610
273
518,466
461,856
273
—1,461
62,813
61,352
Oot. Bau'ky, A Hock..
218^209
7,454
350
225,663
350
—42.101
166,018
123,918
Colorado Midland___
22 Salt, & O. S ou th w est..2,454.179
73,747
2,380,432
22
+7C0
1.300
2,000
Ooldaa A L u k e.........
18,022
1,274,814
1,256,792
- 2 6 ,3 0 0 l,6 6 t 1,666 Bull. Rooh. A Pittsburg.
577,30!
551,001
Denv. A R ioG rande..
112 Burl. Ced. Ran. & N o ...
1,760,820
254,413
l,5 i 0,416
112
6,422
+2,081
9,50 :•
D. Moines A Kan C.*.
.............
195,390
150 Canadian Pacific.............
7,679.822
7,484,432
15(
—4,170
34,345
D. Moines No A West.
30,175
29.751
334
21,0 i 8
334
2,167
+ 9,632
87,147
Det. Gr.Rap. A West.
97,078
588
50,396
2,040,346
2,096,747
588
—97,639
223,771
126,133
Dnl. So. Shore A AtL.
4,447,867
251,348
189
4,196,519
188
- 1 7 ,4 2 0
Elgin Joliet A E ast..
90,589
79,169
1,617,706
156 Ohio. A Eaat’n Illin o is..
1,599,735
17,9.71
+1,449
150
Evansv. a Indianap.
21.277
22,726
__- . __.
102 Ohio. Great Wr68tern__
1,896,729
1,909,742
13,013
102
Evansv. A Hi dim ’d . .
—3,058
10,061
7,003
979.245
167 Ohio. Milw. A St. P au l.. 11,02*.921 12,009.166
Evansv. A T. Haute.
167
+4,091
80,398
84,489
52,714
635 Ohio.Peo. & St. L ouis..
335,369
389,0S3
—7,21*
648
205,817
198,399
Flint A Pere Marq...
940 Chic. Rock 1*1. A P a c ...
286,051
94(
5,652,338
5,938,389
+25,652
187,779
Fla. Cent. A P bdId . .
213,43!
469 Chic. & West M ichigan.
608,410
598,339
16 071
489
84,122
Ft. Worth A D. City.
+13,354
70,768
48,299
1,419,950
140 Cin.N.0. <fe Texas Pac.
1,371,651
146
Ft. Worth A Rio Or..
+ 2,011
16,552
18,56:253,291
262,998
9,707
U
11 Cleveland Canton & 8 o ..
Gadsden A AtL U n ..
—84
959
875
154,300
307 Olev. Cln. Chic. A St. L ..
5,305,358
307
s .i a i .o s s
+ 17,313
Georgia........................
84,340
102,053
340
477,993
541,436
63,443
Cleve.
Lorain
A
W
heel..
•
•*»»'<
__
450
Georgia A Alabama..
+
12,707
76,464
63,757
646,108
777,980
131,874
Ga. South. A Florida
285
■71,941
285
—6,348
85,595
902,063
1,022,581
120,518
43t
486 Ool. Hook. Yal, A T ol...
—5,211*
Gr.Rnnlds A Indiana
151,262
146,043
8,827
92 Col. San'ky A H ook in g..
301,910
293,083
Cln. Rich. A F t, W ..
9S
-7 9 9
32,825
32.026
4,80!
26
2,500
Traverse City.........
7,300
—1,674
2,731
26
4.405
246,588
2,551,789
2,798,377
Musk. Gr.R.A In d ..
37 Denv- & Rio G rande___
9,104
9,011
37
-9 3
43,602
13,150
Gr. Trunk of Canada 1.475,2
1.490.201
56,752
—14,934 3,512 3,512 Dee M oines* Kan.City*
21,500
336 Des Moines No. & W est.,
158,845
180,346
Chle. A Gr. Trunk.*
183,784
335
153.691
- 8 0 ,0 9 3
_. T___
443,855
490,730
46,875
Det.Gr.Hav.AMil.*
+ 2,1 0 2
47,686
189
189 Det. Gr. Rap. A W est...
49,788
552,694
Cln. Sag. A Mack.*
793,470
............. 240,776
6,705
53
53 Dul. So. Shore A A tl___
-8 8 0
7,5*5
To!. Bag. A Musk.*.
........
84,490
6,292
117
117 Elgin Joliet & E a st.......
458,855
513.345
+ 2,595
3,687
Gt. N o.-H .P. M. A M. 1,301,593 1,120,- lit + 184,147 3,720 3,720 Evansv. A Indianapolis.
16,865
103,953
120.819
143,862
Eastern of M inn...
12,604
159.022
72
72 Evansv. A R ichm ond...
29,179
41,783
+ 1 5 ,1 (0
Montana Centra!..
405.036
154,795
256 Evansv. A Terre H aute.
450,362
45,326
166,370
- 1 1 ,5 7 6
26!
27,234
11,144
Gulf Beiium’t A K. C.
1,099,929
65
65 Flint & Pere Marquette.
1,127,163
+ 2,237
8,907
Gulf A Chicago..........
62 Fla. Cent. A Peninsular.
3,91-1
02
1,008,223
60.495
3,025
927,728
+ 889
minos* Central!......... 1,794,459 1,644,454 + 150,005 3,127 3,127 Ft. Worth & Denv. City.
405,921
365.455
40,466
loii. Dec. A Western*
120,244
23,17*
152 Pt. Worth & Rio Gr’d e..
152
129,564
9,320
—1,180
24,358
775 Gadsden A Atalla D n ...
3,543
4,374
In tc m a fl A Gt. No {
831
216,382
217.216
775
+ 864
Iateroceanlc d ie* .).*
139.942
156,012
531
608,806
531
23,085
+ 1 6,070
631,891
Iowa C entral...........
267,341
128,321
412,70!
509
497
145,303
+ i,2 0 4
129,525
Iron Railw ay..............
3,021
337,942
20 Ga. South'll * Florida..
3,769
20
357,887
19,945
-7 4 8
Kanawha A Mich ..
40,700
173
173 Gr. Raoids A In d ian a...
741,09S
+ 5,530
803,651
62,558
33,176
Kan.C. Ft. 8, A Mem..
111,409
332,496
961
+ 50,242
282,254
961
Cin, Rich,& Ft. Wayne.
159,3*9
175,828
Kau. C, Mem. A B lr..
19,32*
4,044
76.136
t-0,550
276
270
+ 13.420
15,284
Kan. City AN. W. . . .
153
52,706
10,019
+ 4,326
20,512
24,838
174
42,68*
K a n .! Itv A Omaha.
17,054 |
194
194 dr. Trunk of C an ad a...
+ 11,378
6,869,282
6,808^443
839
5,67b
Kan.C.Plttsb. A Gulf.
50,400 + 140,097
190,497:
523
339
Ohio. A Gr. T run k *....
1,117,546
1,287,528
140.983
Kan. City Bub Belt
23,761
41,781
35
Det. Gr. H. A M ilw.*..
359,344
332,511!
26,825
+ 18,020
35
Keokuk A Western*..
21.0611
40,443
.......
10,292
Cln. Sag. A Mack.* .. .
50,735
22,127
148
148
- 1 ,0 6 6
Lake Eric All. A Bo.
4,203
61
+ 414
3,789
61
Toledo Sag- & Musk.*
40,025
15,517
24.508
Lake Erl e A We* tern .
277,282
283.783
725
4,981,46!
4,988,004
6,540
- 6 ,5 0 1
725 ir c a t Nor. St. P. M.& M.
Lehigh A Hud. River.
29,21s*
—7,641
520,457
89,506
38,859
90
Eastern of Minnesota.
609,963
90
Long Island................
347,84!
341,673'
777,141
- 5 ,7 7 2
378
1,953
775,188
378
,
Los Angeles Term...
6,252
31,915
15,* 00
+ 2,595
8,847
50
50 Gulf Beaum ont A Ohio.
47.71!
Loutsv. Evan*. A 8LJ.
112,410
- 1 2 ,4 ,3
372
124,889
16,385
1.860
372
18,24 5
LouisV, fiend A 8 t L ,,
35,43*
36,050
—2.610
160
8,904,350
8,083,933
220,417
166
LouJkv. A N ashville.. 1,682,895' 1,6(2,014
175,924
23,171
+80,881 2,975 2,975 IndianaDee. A WTest.*..
152.753
Macon A Blrrning'm.
4,007
3,997
97
1,347,640
1,206.472
+ 10
111,108
97 tnt. A Great N orthern..
Manisliutie................
6,52t
44
—989
10,515
44 interoeeanic (M ex.))...
1,031,151
163,270
SG7,831
Metnp. * Charlest’n
118,015
+ 25,570
87,445
330
360
613,330
771,126
157,796
Mexican C entral.__ 1,084,537
4,974
795,210 + 289,327 1,956 1,861
20,503
15i529
490.785!
Mexican National . .
363,564 + 127,219 1,219 1,219 Kanawha A M ichigan. .
197,542
193.746
3,796
Mexican Railway.*.
214.000
183.00(1
103,830
321
1,854,467
1,750,637
+ 51,000
321 Kansas C. Ft. S. AM em ..
Mexican Southern'..
494,274
42,135
26,259
455,9*2
+ 15,806
38,342
227
227 Kau, City Mem. & B ir..
Minn. A Bt. L o tu s....
151,35(1
34,941
..... ...
142,970
105,550
+ 8,380
140,491
388
370 Kansas City A N. W.......
Minn, »t.P.A*.»te.M .
306,42!
38,821
+ 39,071 1,168 1,168 Kansas City & Omaha .
287,350
91,609
52,788 . .... ........
Mo. Kans, A Tex.sys.
769,454
731,452
728,10!
247,900
+ 38,002 2,197 2,000 Kan. City Pitts. A Gulf.
480,260
........
Mo. Pac. A Iron Mt.
____ __
1,803,00! 1,630,535 + 172,405 4,930 4,936 Kansas City Sub. B eit-.
60,782
109,104
169.88f
Central Branch. . . .
75,000
52,981
+ 23,039
140,116
160,462
20,346
388
338 Kookuk A Western* —
Mobile A Birm’gbam .
23,707
26,753
21.144
149
29.942
.
.. ....
+ 2,563
3,189
149 L. Erie A lliance A 8 o ...
Mobile A Ohio............
315,626
323.826
l,4t 8.457
67,621
+ 8,19'
1.340,836
087
087 Lake Brio <fc W estern...
Mont. A Mex, Gulf ..
___
___
120,’ 26
131,92)
161,842
20,921
80,818
389
+ 29.308
389 Lehigh & H udson River
N.Y.Ccri.A Hud.P.lv, j 3.808,731 3,704.680 + 104,050 2,395 2,395 Long Island.
1,269,592
........
33,289
1,236,303
». Y.Ont. A W est....
294,00!
—19,723.
313.729
31,290
481
37,521
6,231
477 Los Angeles Term inal..
Norfolk A W estern.. : 836.521
545,612
880,408
-4 2 ,3 8 2 1.570 1,570 Loulev. Evansv. <&8t. L.
583,745
38,133
Northern Pacino.......\ 1,436,822 1.361.202
+ 77 ,0 2 0 4,367 4,367 Lonisv. Horn!. A 8t. L ..
180,752
5,524
175,228
....
Ohio River............... ..
78,7i 8
83,890
—5,182
8,117,590
8,022,242
224
85,357
224 Louisville A N ashville..
Ohio Southern . . . . . . .
53,3021
58,869
24,291
24.311
-5 ,5 6 7 !
228
20
220 Macon A Birm ingham ..
Of»g..t> Kit. A N a v ...
878,2301 331,538
+ 43,682! 1,050 1,059
44,516
52.936
8,420
Peo. Dec A Evansv
78,096:
+ 12,914'
62,182
527,070
510,735
10,335
331
Memphis A Charleston.
331
FltUb. f;.-.. A L. E..
84,350
68.930
—4,590
183
5,481,105
4,09 V207 1,382,898
183
Plttsb Ll*b. A West.
3 3*e
3.740
9 444.»f»3
1 .969 126
47^,677
—14fi
25
25 Mexican N ational......... .

THE CHRONICLE.

. J u j e 13, 1897. '
Ifa m e o f R o a d .

M in n eap olis & St. Louis
M inn. St. P.& 8. Ste. M..
M issouri K. & T ex . eye..
Mo. P acific & Iron M t..
M obile & B irm in g h a m ..
M onterey & M er G u lf.
N. Y. Cent. & H ud. R iv..
N .Y . O ntario & W esV n..
N orfolk A W estern ..........

OreKon Ry. & ITav’n ___
Peoria D ec. & E v a n s v ..
P ittsb . B ees. <fe L. E rie..
P ittsb u rg tfe W e ster n __
P ittsb . C leve. & T o l....
P ittsb . P a in e s .« F ’pt
Q uincy Om aha & K. C ..
Rio G rande S o u th e r n ...
Rio G rande W estern. ..
St. Jo s. & Grand Isla n d .
St. L ou is C hic.A St. Paul
8t. L ouis S ou th w estern .
San Fran. & S o . P a c ific .
Sherm an 8h rev e. & 80 ..
South H aven
E t s t ’n
T ex a s & P a cific...............
T ex. Sab. Y al.
N. W ..
T oledo & Ohio C e n tr a l..
T oledo P eoria & W est’n
Tol. 8t. L. <fc Kan. C ity..
U n ion Pac. D en. & G ulf.
W est. N . Y. & P a ______
W heeling & L ake E rie ..
W iscon sin C e n tr a l..........

18 9 7 .

18 9 6 .

$
1 ,4 5 1 ,5 0 0
2 8 3 ,6 9 6
7 1 2 ,5 1 9
1 ,2 8 2 ,7 5 1
4 ,2 8 3 ,5 8 1
8 .8 9 7 ,0 0 0
4U4.00C
128,251
1 ,5 7 3 ,3 4 7
5 8 2 467
1 7 ,4 4 6 .9 6 3
1 ,4 1 3 ,0 2 5
4 .2 1 6 ,5 5 5
6 ,0 5 6 ,7 3 1
3 4 7 ,5 8 7
260,751
1 ,5 5 4 ,8 9 7
3 5 2 ,9 5 0
2 1 2 ,0 4 9
1 9 ,9 2 8
6 1 2 ,7 1 6
3 0 2 ,8 3 7
1 0 4 ,1 6 8
1 1 7 ,4 2 0
1 3 9 ,237
9 1 8 ,4 2 3
4 3 4 ,3 8 1
1 1 7 ,818
1 ,7 4 4 ,7 0 0
4 9 7 ,3 2 6
2 6 3 ,5 3 6
1 1 0 ,4 8 0
3 ,'5 2
7 ,7 9 7 ,0 9 5
8 4 ,9 2 7
2 ,6 2 2 .5 0 3
13.190
6 6 3 ,6 8 6
3 4 9 ,7 3 8
8 4 8 ,5 8 7
1 .3 1 0 ,3 6 9
4 ,4 4 2 .7 8 6
1,049,401
3 9 8 ,1 9 7
1 ,5 6 3 ,3 7 5

$
1 ,1 9 0 ,5 0 0
2 0 6 ,6 1 5
7 3 7 ,6 9 0
1 ,3 1 8 ,1 4 0
4.439.82C
8 ,5 7 3 ,2 6 5
2 8 1 ,3 8 1
1 1 2 .2 5 1
1 ,4 6 6 85C
4 7 6 ,8 8 5
1 7 ,4 0 1 ,4 3 9
1 .3 8 8 ,7 3 1
4 ,6 5 9 ,3 9 9
6 ,2 7 9 ,1 9 9
3 8 6 ,9 7 0
3 1 0 ,8 6 5
1 ,5 5 9 ,0 4 7
3 4 4 ,2 2 8
2 4 7 ,6 5 7
1 7 ,4 2 0
6 5 2 ,2 7 3
333,151
1 0 6 ,6 3 7
1 2 3 ,0 8 9
1 7 7 ,6 2 9
8 9 3 ,8 6 3
2 4 1 .5 5 4
H 4 ,2 1 9
1 ,8 5 9 ,'0 4
5 0 0 ,2 8 2
2 7 1 ,374
1 0 8 .9 7 1
6,7 1 8
7 ,4 6 5 ,4 7 9
9 2 ,4 9 2
2 ,4 5 7 ,0 1 9
12,6 2 0
7 2 1 ,6 2 6
4 0 0 ,6 8 0
7 8 9 ,0 9 9
1 ,1 9 7 ,4 3 9
4 ,8 4 9 ,6 9 2
1 ,1 0 8 ,9 8 3
5 2 0 ,2 1 2
1 ,6 0 8 ,8 5 1

T o ta l (1 3 0 r o a d s)___ 1 9 0 ,7 0 6 ,7 0 4 1 8 9 ,7 0 1 ,1 0 5
N e t i n c r e a s e ....................1

Increase,.
$
2 6 1 ,0 0 0
77,0 3 1

Deer, ase
*
2 5 ,1 7 1
3 \3 8 9
1 5 6 ,2 3 9

3 2 3 ,7 3 5
1 2 2 ,1 1 9
16,0 0 0
1 0 6 .4 9 7
1 0 5 ,5 -2
4 5 ,5 2 4
4 4 ,2 9 4

1119

ness. Not until the Arkansas banks had given way
at a number of points was the danger appreciated;
thereafter work on the Mississippi and Louisiana line
was prosecuted with increased vigor; but the strain
was so great the barriers proved insufficient. The fol­
lowing outline map, from a report of the Department
of Agriculture, shows in a graphic way the extent of
the inundation.

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

3 5 ,6 0 8

1,608
3 9 ,5 5 7
3 0 ,3 1 4
2,469
5,6 0 9
3 8 ,3 9 1
1 9 ,5 6 0
1 9 2 ,8 2 7
3 ,5 9 9

1,509
1,5 3 4
3 3 1 ,6 1 6
1 6 5 ,4 8 9
570
59,488
1 1 2 ,9 3 0

114.404
2 ,9 5 6
7 ,8 3 8

7,5 6 5
5 7 ,9 4 o
5 0 ,9 4 2
4 0 6 .9 0 6
5 9 ,5 8 2
1 2 2 ,015
4 5 ,4 7 6

6 ,5 1 2 ,8 3 . >,510,234
1 ,0 0 2 .5 9 9

* For th re e w eek s o n ly In May.
t In clu d es Bt. L ouis A lto n & T erre H a u te for b o th years,
t To M ay 22.

COTTON ACREAGE I N THE UNITED ST ATEb
1897.
In making this season our annual investigations
into the condition of the cotton crop, we are confronted
by a situation quite in contrast with that of a year ago.
Our readers will doubtless remember that as a result
of the inquiries made last year we were enabled to
draw more definite conclusions as to the outlook than
had been the case for a number of years preceding.
Freedom from floods and quite a favorable weather
record had put the cotton plant by June 1 into such
shape that, with reasonably propititious conditions
during succeeding months, a good yield was practically
assured. The surroundings the current season are
different in most essential particulars. Not only has
the backward spring been a decided element of uncer­
tainty, but an extensive inundation in the Mississippi
Valley, not entirely over yet, has further complicated
matters. Latterly the meteorological conditions have
been somewhat more favorable, though still less favor­
able than a year ago.
The overflow this season has, too, been more extensive
than in any former year. Had the waters risen no
higher than in 1892 and 1893 it is altogether probable
that the inundation would have been comparatively
unimportant, as the work done upon the levees since
the latter year had strengthened them so much at
points where the strain has been usually greatest that
no serious disasters could in that case have been an­
ticipated. But the gauge readings this spring have
surpassed any of which there is record. At Memphis
the river touched one and a-half feet above the previous
highest mark, and along the Mississippi and Louisiana
hanks it rose from half a foot to two and a-half feet
higher than ever before. As early as March an ex­
tremely high mark from Cairo South was seen to be
inevitable. Still many believed that the levees would
withstand the pressure. For this reason the breaks
In Southeastern Missouri did not cause special uneasi­

The foregoing needs a few words of explanation be­
fore the reader will fully realize how comprehensive
the facts are it discloses. It tells us, for instance, that
in Southeastern Missouri, where the first inundation
involving the cotton-plan ting area occured, the lowlands
in seven counties were either wholly or in part sub­
merged, the amount flooded being close to half a
million acres, of which a little more than one-tenth
can be classed as cotton lands. With reference to
Tennessee and Arkansas the overflow in the former

THE CHRONICLE.

Conclusions ,

I ■' r light of the foregoing, and from the details
bv .Mate* given on subsequent pages, we sum up our
conclusions as follows :
I . n . 1 rmyi has increased. As already indjcv
<in- t-ndenfiy throughout the South this year
W», to enlarge the cotton planting. The increase

has not been so great as in the previous year, when
the gain was 13 par cent, but it had been hoped that
after last year’s important addition the current year's
planting would be on an area not materially larger
than that of 1896, inasmuch as cotton spinning starts
the season in an unpromising way. Circumstances
have, however, worked against any efforts toward con­
servatism in planting. The result is that planters
have in many cases put in cotton where last year
tobacco, cereals, etc., were produced. The overflow,
as already stated, had some effect on acreage, but
seed has been and is still being put in the ground only
recently submerged. The changes this year, as we
have made them up for each State, have been as
follows :
E stim ated fo r 1887.

Acreage,
1896.

St a t es.

South Carolina................
G eorgia__ . . . . . . . . . . . . .
A labam a. . . . . . . . . . . . . . . .

T en n essee.......................
Oilier States & Ters.*.. .

891.766
1,999,230
3,543,483
293,918
2,849,699
3,859.920
1,034,257
•1,951,814
1,433,946
640,9-10
338,572

Increase.
5 per cent.
6 per cent.
7 per cent.
7 te r cent.
2 per cent.
2 per cent,
8 per cent,
5 p er cent.
4 per cent.
9 per cent.

Acres,
1897.

Decrease.

936.354
2,119,183
3,796,877
293,918
3.049,178
2,917,118
1,054,942
5-,347,959
1,505,643
666,577
369,043

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

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

Total........................... 20.842,645 8-83 per ot.

22,056.792

* Thu area of cotton la the Italian T om to - a rl Oklahoma and
Virginia lias Been added to th is rear, h u t there has been no
change in Missouri. We judge, therefore, that there has In-™ a.u
Increase in <•other States and. Territories” ot about 9 per c e n t

This shows a net increase compared with 1896 of 5-83
per cent, making the total 22,050,192 acres in 1897,
against 20,842,545 acres in 1896. We add the acreage
for previous years for comparison, giving at the foot of
the table not only the acreage hut the total crop for
each year, with the percentage of increase or decrease
in acreage or production compared with the preceding
year, and the product per acre. Since issuing our
report last June wc have made exhaustive investiga­
tion as to acreage for previous years, and such changes
as seem to be warranted as a result of our inquiries
have been made. Altogether the changes are not
important, being confined to Georgia, Texas and the
States and Territories combined under the head of
“ All. Others.” The figures for 1889-90 in the table
are from the Census Report; those for other years are
our own compilation.
COTTON A C R EA G E P O S T H E T S A R S NA M ED— (OOOs O m i t t e d ) .

Stales.

1896-97 1805-96 1894-95 1893-91

1
1

jiv.;. wit.- confined to about four counties ami involved
abuut the* same amount, of cultivated soil as in Mis­
souri, tli® cotton land approximating nearly 15,000
i V In Arkansas tlxe entire eastern line of counties
v ... more <>r less affected, and in addition land in Olay,
(!m -h, Craighead, Poinsett, Cross and ,St. Francis
counties lying in what is callW the St. Francis basin,
was overflowed. Altogether upwards of a million acres
were under water iu this State, including about a
quarter of a million which are generally given to cotton.
In Mississippi the inundation was more extensive than
iu any other State. All the rich bottom lands lying
l>. -.wevn the Mississippi and the Yazoo rivers, extending
from the northern boundary of the State south to
Vi'-'k'ha.’4 and comprising close upon two million acres
■«1 wore iu great part sulimerged. Of this
large area almost one-third is cotton territory, yielding
in good years a greater product per acre than almost
anywhere else m the South. In the Louisiana levees
the first break did not occur until April 16 at a point
almost west of Vicksburg, Miss.; but from that break
ami others which have occurred since then, over one
million acres have been inundated, about one-fifth of
v, hi t! r re usually devoted to cotton. lienee, to sum
up the foregoing facts, this year’s flood lias affected
not far from five million acres of farming land, on
nearly one-ouartorof which cotton is regularly planted,
the yield being approximately from one-half to threequarters of a million bales. At this date the flood is
almost cut irely a thing of the past. All the land has not
yet been fret d of the water, but submerged territory is
at present confined almost wholly to Louisiana and to
a limited area from which the water is rapidly receding.
Planting has been carried on as fast as the land has
been uncovered and the loss of cotton acreage as a re­
sult of t he flood will probably not exceed 10 per cent
of the land flooded. Of course at the same time on a
large part of' this area cotton has a very late start.
The mere question of acreage is consequently in­
vertv,-1 in less obscurity than any other of the matters
included in the scope of this year's investigations.
Previous to the beginning of spring work some effort
was made to induce farmers to contract the planting,
out the financial returns from the crop of 1896-91,
while not quite so satisfactory as from the preceding
crop, were still sufficiently remunerative to favor giving
a larger area to cotton. The fact, too, that the visible
supply of the raw material at the principal points of
accumulation was appreciably less than in 1895 and
IA'1 naturally encouraged the idea that a remunera­
tive prim was to he anticipated for this year's yield..
Tho-c matters have been given greater weight in de­
termining the course of planters than have the other
hub- uffe ting consumption; which other facts show
Mi <* the cotton-manufacturing industry is now, pretty
imru the world over, in not even a fairly prosperous
condition; nnd that the stock of goods in many lines
i q iite heavy. It is desirable to add that notwith­
standing the inclination to increase acreage the ten­
dency in that direction has not been so radical as in
i v".; it has been general, almost every State showing,
gnin over a year ago, but not extreme.

iV o u LX1V

; to

1120

18S9.-90

North Carolina.........
South Carolina.........
G eorgia.___. . . . . . . . .
Florida .......................
Alabama.....................
M ississippi.................
Louisiana................ .
T e x a s..........................
A rkansas..................
T en n essee..................
Ail o t h e r s .................

892
1,899
3,548
294
2,850
2,860
1,< 34
4,952
1,434
<41
339

762
1,785
3,112
235
2.544
2,577
967
4,382
1,258
572
214

953
1,983
3,34
24 8
2,859
2,^63
1,124
4,974
1,429
629
219

1,003
2,024
3,314
240
2,775
2,807
1 ,1 '3
4,243
1,415
683
184

899
1,807
3.097
178
2,594
2,673
1,091
3,936
1,374
651
162

1,147
1,988
3,346
227
2,762
2,882
1,271
3,933
1,701
745
171

Total acreage,.. .

20,843

■8,488

20,027

19,801

18,462

20,173

8,570
7,162
8,8 2
7,527
6,717
7,314
Total production__
tnorease in acreage.. 13-0% *3 0-6% 4-17% 7-25 % M l-88? 1-98%
Inor’se in prod’tioii.. 19-65 % *27-67 4 31-13 % 12-08 % *25-69 £ 5-46 %
187
199
174
234
1 to
Product per acre,ltm.
169
* ix -c re a s o .

Second.—As to the maturity, cultivation and con­
dition of the plant, the conclusions we reach are as
follows:
(1)
As to m aturity the crop as a whole must be
called a late one. In this particular it is in very sharp
contrast with the situation of the plant the first of
last year, the start and early development then having

J unk 12 1897.]

THE CHRONICLE.

oeen almost uniformly satisfactory.
This remark
does not apply with ecpial force to the whole cotton
belt. On the contrary, in Texas recent conditions
have been more favorable than elsewhere; as a con­
sequence the plant has advanced, until now
it is in maturity only a little behind an average
season. But elsewhere there is no reason to doubt
that development is backward, for while conditions
during the day have latterly been about as desired,
cold weather at night has much of the time acted as
a decided check to growth. In fact, all through the
spring there have been complaints of some sort ; from
most points these have been of cold, dry weather at
one time and cold wet weather at another. From
other points the rainfall is reported to have been
sufficient, but temperature below normal or tempera^
ture right with excess or deficiency of rainfall. Of
the crop in the flooded sections it is as yet too early to
speak of its condition, as much of it has not yet come
up, and some of it is only just now being planted.
(2 ) Cultivation has been carried on very satisfac­
torily, absence, as a rule, of heavy rainfall in recent
weeks affording farmers the opportunity for thoroughly
working the fields. Commercial fertilizers have been
much more freely used in South Carolina, Georgia and
Alabama than heretofore. In Mississippi the takings
are reported to have been less, and elsewhere changes
have been unimportant.
(3 ) Conditional the plant, in that portion of the
cotton belt recently submerged, is, as already stated, a
matter of which we cannot speak at this time. Aside
from that, taken as a whole the condition is below the
average. In Texas, of course, the situation is better
than elsewhere, and with normal conditions during the
remainder of the season a pretty full crop in that State
should be realized. In Mississippi, outside of the
Delta, as well as in Alabama, and to some extent in
all the other States, there has been improvement of
late, but the plant is not, as a rule, in position to
withstand very successfully any severe adverse condi­
tions. With the start here indicated a pretty full crop
is possible, but not by any means is such a result as
well assured as it was a year ago. The weather, how­
ever, during the next two or three months has so much
to do with the making of the crop, especially in the
overflowed districts, that should all the surroundings
be favorable a greater yield than in some years of much
brighter early promise may be realized.
Our summaries by States are as follows :
V i r g in i a . —Unfavorable meteorological conditions in the
early spring delayed preparations for the new crop, so that
planting was not finished until later than in the previous
year. Seed came up rather poorly, germination being inter­
fered with by cool weather and the wet condition of the soil.
Some replanting was done. Since about the middle of May,
however, there has been a more satisfactory development
under the influence of fairly favorable weather. Stands,
which until recently were irregular, are now fairly good and
steadily improving. Acreage is small in this State, but has
been materially added to this year by the substitution of
cotton for other crops. We should judge from the informa­
tion at hand that the increase has been 10 per cent. Fer­
tilizers—A moderately greater use of home-made manures
is apparent, but the takings of commercial sorts show no
appreciable change.
N o r t h C a r o l in a .—During the month of March and first
half of April there was too much rain in the greater part of
the State, which served to retard crop preparations. As a
result planting was not completed as early as in 1896. The
wet weather was succeeded by dry and cold weather, which
hindered germination, so that as a rule seed came up poorly.
I n fact, up to near the middle of May temperature ranged

1121

below the normal and rainfall was deficient. During the
last half of the month, however, rainfall increased, which
brought seed up more rapidly; but up to within the past few
days the temperature has continued too low at night. Frost in
some instances and rot in others are responsible for the mod­
erate amount of replanting found to be necessary. Stands
at this date range from fair to good and the plant is doing
fairly well. Fields are quite free of weeds and grass. Acre­
age—As in 1896 there seems to have been a disposition at
most points to increase cotton area; the tendency, however,
has not, as then, been radical, the average increase for the
whole State being only about 5 per cent. Fertilizers—Com­
mercial sorts have received slightly more attention and a
normal use of home-made manures is reported.
S o u t h C a r o l in a .—On the average the planting season in
South Carolina was later than in 1896. In the upland sec­
tions it was fully ten days later, but in Sea Island districts the
finish was at an earlier date than a year ago, when drought
materially delayed work. Owing to dry weather, and to
some extent defective seed, germination was poor on the
uplands, but subsequent to May 10, with higher tempera­
ture and needed moisture, a decided improvement has been
apparent. From the Sea Island districts our advices are
that seed came up very well and that conditions at first
were propitious, that later cold winds were detrimental to
the young plant, but that present weather is quite satisfac­
tory and development favorable. On uplands a considerable
amount had to be replanted. Stands on uplands were, at
the date of our returns, only fairly good, but improving. In
the Sea Islands they were good, but the plant not so strong
as it should be at this time of the year. With a continuance
of the present satisfactory weather conditions a decided im­
provement all around is anticipated. Acreage has been in­
creased moderately, not more than 6 per cent, and practi­
cally all on uplands. Fertilizers—The takings of commer­
cial varieties exhibit a further large increase, but home­
made manures remain about stationary.
G e o r g ia . — Planting operations are usually under way in
this State by the middle of March, but in the current season,
owing to the backward spring, work was hardly begun before
the firstof Apriland was not generally completed until about
the middle of May, or nearly two weeks later than in 1896.
As a result of various unfavorable conditions—deficient
moisture and low temperature—the start was as a rule much
less satisfactory than last year. In some sections cold and
dry weather followed beating rains and caused a crust to
form on the surface of the soil through which the plant
could not force its way. Under the circumstances replant­
ing became necessary to a greater extent than usual. Since
growth began and down to May 10 the temperature ranged
too low generally, but latterly improvement in this particu­
lar, assisted by beneficial showers, has stimulated develop­
ment. Stands range from poor to good, and the outlook,
owing to the favorable meteorological conditions lately pre­
vailing, is more encouraging than expected only a short
time ago. Fields are in good condition—in fact it is re­
marked that farmers seem so energetic and industrious that
it will not be for want of good cultivation that they will fail
in making good crops. Acreage—Our advices indicate that
the prevailing inclination has been to add to the area under
cotton. There are of course some districts in which no
change has been made, but the aggregate cotton land of the
State has been increased by about 7 per cent. Fertilizers
have received decidedly more attention, the takings of com­
mercial sorts in some instances showing a gain of fully 25
per cent as compared with a year ago.
F l o r id a . —Planting began a few days later than in an
average year, but was carried on without any special hind­
rance, and was completed at about the same time as a year
ago. Our information with regard to germination is more
satisfactory, the replies indicating that seed came up mod­
erately well. Low temperature in April and lack of moist­
ure during the early part of May were adverse influences
which checked development, but more favorable weather
since has worked an improvement in the plant. As a
result of the ravages of cutworms more than the usual
amount of replanting was required in the northern part of
the State. Stands are good as a rule, in fact are at this
date fully up to last season, and the fields are clean and well
cultivated. Acreage has been increased in some sections
and decreased in others ; for the whole State the cotton area

1122

THE CHRONICLE.

s practical;|v the same ass last year, Fer titiztrs are not
used, but the t« kings of commercial varieties
year ago,
arv slightly
Alabama,■
—-Tlit planting season averaged about ten days
later tluin 1iiist yviit in Aid iaina, beginning in a few loealiclosing generally about May
a
li.-s March 25th to 98th aud
Mth, In mitno instances se* >d came up well, but in general
tho start w ;is poor, especi: llv of early plantings, in conseqtteoco of cci«ol weather and exeessof moisture. An unusual
tusount iA r. planting lias been required. Some early plantin«- ■i damaged by flooding rains; cold weather killed
others, and the baked condition of tile soil at a few points
ignod satisfactory germination. Since growth began
th« v.-osher conditions have not been wholly favorable; too
l,.nv rompi-raturo has been the complaint almost everywhere
up to near the 10th of May and over a large section a de­
ficient rainfall. These adverse conditions very naturally
served to check growth and retard the germination of re­
planting'- The stand secured varies according to localities,
but will not average better than fair. Altogether the early
conditions were tire reverse of what they were a year ago,
bur since the beginning of the second week in. May there has
been much improvement , both as regards temperature and
rainfall, with a consequent improvement in the outlook.
At night however the weather has been too cool
much of the time up to the first of June. The
plant is of course late, but is now developing quite
fairly. Fields have been well cultivated. Acreage—A ten­
dency to a l l to acreage was very manifest this y ear; in
some localities the changes have been quite radical, in others
decidedly moderate. A careful analysis of our returns seems
to warrant an increase of 7 per cent for the State as a whole,
Ferti'iztrs of the commercial sorts have been much more
freely taken than in 1896, and a slightly increased use of
home-made manures is also indicated.
Mississippi.—The conditions which prevailed in this State
during the planting season differed essentially from those in
the States we have already reviewed. All the rich bottom
lands in the valley of the Mississippi from the northern
limits of the State south to Vicksburg and bounded on the
east by the Yazoo River, comprising nearly two million
acres of farm land, of which about one-third or more is
usually devoted to cotton, were overflowed, in whole or in
part, from the beginning of April until the close of May. In
consequence, seeding, which began in the earlier sections of
the State only a little later than in 1896, is just now being
completed. No time has been lost in the inundated district,
seed being put .in as fast as the water receded. Where seed
has come up the start has been rather poor, lack of rain and
cold weather having retarded development. Of course over
a large part of the recently flooded territory the seed is not
yet up. Since growth began and until the close of the first
week of May conditions were rather unfavorable, but our
latest advices indicate that from about. May 10 to the pres­
ent time the weather has been quite uniformly satisfactory
with the exception that up to within the past few days
temperature at night has been below normal. The floods,
cutworms, low temperature, &c., have rendered necessary
a very large amount of replanting. Stands In the
Yazoo Delta sufficient time has not yet elapsed for a
tand to be secured, but elsewhere in the State stands are
airly good and constantly improving, recent good weather
aving bettered the outlook. Work of cultivation
s being energetically prosecuted. Acreage—Despite the
nun lotion the area under cotton has been increased this
year, but the addition has been less great than at first expeoted, averaging for the whole State probably not more
than 2 per cent. Fertilizers have been less freely used this
season.
Louisiana.—While the overflow in Louisiana this year has
not been so extensive as in Mississippi it has in other ways
been more disastrous. Before the first break in the Louis­
iana levees occurred the flood had practically reached its
height in Mis-bssippi and the further crevasses in the lower
tin., of levee- served to accelerate the recession of the waters
from tie- Yazoo Delta lauds. Altogether something over a
million acres of farm land in Louisiana have been submerged,
of which, roughly speaking, about one-quarter has hitherto
h ecu devoted to cotton. From some portions of this area the
water has not v
1 sufficiently to permit of planting.
Elsewhere in the State seeding has been later in 1887 by

[VOL, LX1V.

about one week. Our correspondents report that the start
was a poor one, cool weather and excessive precipitation in­
terfering with satisfactory germination. These' same con­
ditions rendered necessary a greater amount of replanting
than usual, aside from that entailed by the flood. Stands
are reported poor in some districts and good in others, low
temperature adversely affecting the plant. But since the
10th of May meteorological conditions have been more favor­
able and the situation has improved. Crops on over­
flowed territory are not considered in this summary, as
planting will hardly be completed there before the middle
of June. Acreage —More conservatism in planting is appar­
ent this year in Louisiana than elsewhere in the South, and
the extent to which submerged lands will be put in cotton
has therefore very much to do in determining the problem
of area. In view of the present uncertainty on that point
and our returns from other sections, we estimate the area
at only 3 per cent greater than last year. Fertilizers—We
note a disposition toward a decreased use of commercial
sorts this year. Ilome made manures show a small increase.
A r k a n s a s . —This State has been somewhat more favorably
situated than either Mississippi or Louisiana in the matter
of overflowed cotton land. At the same time the inundation
has been a serious one, involving upwards of a million acres
of producing soil, including nearly a quarter million acres of
cotton land. But the overflow in Arkansas subsided at an
earlier date than elsewhere, enabling farmers to get in prac­
tically all their seed by the first of June. Speaking gen­
erally planting began in the earlier sections of the State
shortly after the first of April, or a week later than last
year, and, except as above stated, was completed between
May 15 and 20. Our replies as to germination vary widely,
some reporting well, some very well, and others poorly
and very poorly. The weight of evidence is that the start
was somewhat unsatisfactory and th at development was
checked by cold weather. Excess of moisture at times is
also complained of. Cutworms, in addition to the other
unfavorable features, have beeu responsible for an unusual
amount of replanting. Our latest advices denote that since
about the middle of May more satisfactory weather has
brought about a change for the better in the plant, but that
development is still very backward in consequence of low
temperature at night. Stands where obtained are irregular,
ranging from poor to good, but are improving under present
favorable conditions. Fields are generally in good shape.
Acreage has been increased ; not to as great an extent as it
would have been but for the flood and unfavorable weather
conditions ; still there has no doubt been an addition to pre­
vious area of fully 5 per cent-. Fertilizers of home-made
sorts have received a little more attention.
T e n n e s s e e .— Even Tennessee has suffered from the flood
this year, but the submerged territory has been confined to
four counties and embraces a comparatively small area of
cotton lands. In almost the whole cotton-growing region
planting was later this season than last, and Tennessee proved
to be no exception. Work was not begun until near the
10th of April, and was not finished until near the 25th of May,
or nearly two weeks behind 1896. The month of April and
the first half of May were too cold and at times rather wet,
and in consequence the start was somewhat uneven and un­
satisfactory. In cases, however, seed is stated to have come
up moderately well. Cutworms are reported to have dam­
aged young plants, and for this reason as well as the un­
favorable weather considerable re-seeding had to be done.
Meteorological conditions turned more favorable about May
15, and in consequence stands, which at first were very
irregular, are now fairly good and steadily improving.
Fields are well cultivated. Acreage -The general tendency
has been in the direction of a larger area this year, some
localities reporting a radical addition. Conservatism in
other districts, however, serves to keep the average gain for
the State down to about 4 per cent, fertilizers are not ex­
tensively used, but commercial sorts have been more freely
availed of this year.
T e x a s .— There was no material difference in the planting
season this year and last year, but the conditions since have
not been so uniformly satisfactory. As a rule seed came up
well—in fact, in a number of instances the start is stated to
have been very good. But during April low temperature at
night acted as a check to development. There were also com­
plaints of excess of moisture from some localities and lack

J

one

THE CHRONICLE,

12, 1897. J

of it from others, and in South Texas cut and web worms
and the Mexican weevil were reported. On the whole, how­
ever, there has been much less cause for complaint than
elsewhere at the South, and since the beginning of May the
conditions have in the main been favorable. Only a small
amount of replanting has been found necessary. Stands range
from fairly good to very good, and latest telegraphic advices
indicate that the outlook is quite satisfactory. Cultivation
has been well attended to and the fields are consequently in
good condition. Acreage—With much virgin soil being put
into crops each year, it is but natural that under normal cir­
cumstances cotton should receive a considerable portion of
it. This year our replies indicate additions to area ranging
all the way from 5 to 20 per cent, and after a careful review
of them we are inclined to think that the average for the
State is not less than 8 per cent. Fertilizers play an unim
portant part in the agriculture of Texas.
I n d ia n T e r r it o r y a n d O k l a h o m a .— The planting season
in the Territories was a few days later than a year ago.
Seed germinated poorly, low temperature acting as a check­
ing influence. Furthermore, excessive rainfall has not been
conducive to satisfactory development. These adverse con­
ditions, in addition to working against the best interests of
the plant, rendered necessary a much greater amount of
replanting than is ordinarily the case—in some instances
one-quarter of the crop. Of late the weather has been more
favorable, but yet there has at times been too much rain
as well as rather too low temperature at night. Stands,
notwithstanding the above, are stated to be moder­
ately good, but it is hardly to be expected that the plant is
vigorous. Fields are quite clean. Acreage has been further
added to, but the increase has not been so great as last year.
It reaches, however, approximately 12 per cent. Fertilizers,
not being required, are not used.
M i s s o u r i . —While the cotton section of Missouri is limited,
being confined to the southeastern portion of the State, it
was to a considerable extent affected by the overflow of the
Mississippi River. Every county in which the staple is
raised was inundated more or less and planting operations
were delayed. On some recently submerged land seed is
only just now coming up; but aside from this the start has
been fairly satisfactory. Cold and wet weather have ad­
versely affected the plant at times, but subsequent better
weather has brought about improvement and development
now is fairly satisfactory. About the usual amount of re­
planting has been required. Stands where secured are good,
but much cotton has not yet reached a stand. Acreage has
undergone no change. Fertilizers are hardly ever used.
As of interest in connection with the foregoing conclu­
sions and summaries, we append a table showing the
approximate yield per acre in each State fora series of years
past. The figures are prepared on the basis of our own
acreage and crop results, and while not claimed to be accur­
ate are compiled as carefully as the facts attainable will
permit.
YIELD PER ACRE OF EACH STATE FOR YEARS NAMED.
P o u n d 8 p e r acre.
18 9 6 -7 . 18 9 5 -6 . 1894-5. 1893-4. 18 9 2 -3 . 1 8 9 1 4
Sta t e s.
221
221
N or. C a r o lin a .. . . . 2 0 6
237
213
207
185
160
So. C a ro lin a .__ . . . 179
189
156
181
164
182
G e o r g ia ............. . . . 151
145
178
151
103
112
121
108
F lo r id a ................ . . . 115
128
136
122
A la b a m a ............ . . . 1 5 2
153
170
1 77
217
204
174
153
M ississip p i.......... . . 174
168
282
187
227
223
2 99
L o u is ia n a .......... . . . 2 4 7
221
226
216
209
298
T e x a s ...................
200
2 30
A r k a n sa s............ . . . 2 5 9
241
213
298
2 42
219
310
197
188
T e n n e ss e e .......... . . . 2 4 9
A v e r a g e ........ . .

199

187

234

180

174

208

We also give our table of crops apportioned to States, in­
cluding in the statement an estimate for 1896-97. Of course
when the crop statement is made up in September, the
results for 1896-97 may be materially modified, but the
relation between the States will not be essentially changed.
PRODUCTION BY STATES.
18OT-07. 1893-08. 1801-95. 1893-91. 1893-03. 1891-92.
Bales.
Bale*.
Bate*.
Bales.
Bales. Bales.
North Carolina......... 880,000
360,000 406,000 417,000
388,000 618,000
Sooth Carolina......... 740,( 0 •
6 i0.000
770,000 075,000 587,000 773,000
Gooryin..... ..................L110.000 1,000,“00 1,360,000 1,040,000 931,000 1,345.000
F lo rid a ...................... 70,000
50,000
05,000
60,000
45, <00
50,000
Alabama ................ 9o*\O00
810,000 1,000,000 702,000 600,000 1,016,000
Mississippi ........ ....l.OlO.ooO
900,000 1,200,000 1,021,000 851,000 1,330,000
Louisiana................... 530,000
375,000 650,000 529,000 509,000 798,000
Texas...........................2,550,000 1,900,000 3,041.000 1,966,000 1,850,000 2,032,000
Arkansas.................... 770.000
630,000 875,000 632,000
574,000 825,000
Tennessee.................. 330,00 )
260,000 400,000 280,000 255,000 365,000
All others.................. 180,000
157,000 173,000
83,000
64,000
87,000
Total crop.. ....8,570,000

7,162,000 9,892,000 7,527,000 6,717,000 9,039,000

1123

W fr u tu e la r g I ( £ > a m m z x c i ^ l % U Q X i s U ^ z x o s
L ondon, S aturday,
[F rom o u r o w n c o rr e sp o n d e n t.]

May 29, 1897.

Nothing is yet known regarding the negotiations going on
at Constantinople. It is understood that Germany at first
objected to certain portions of the collective note proposed to
be addressed by the Powers to the Sultan, and that she has
now waived her objections, chiefly at the instance of the
Czar. The general impression is that the negotiations will be
protracted, that the Sultan will try to play off one Power
against another, trusting chiefly to the protection of Ger­
many, but that in the long run he will give way. Moreover,
he knows that all the Powers are anxious to prevent any fur­
ther hostilities and he has good reason to believe that Russia
is most unwilling to quarrel with him.
On the other hand, the Sultan is aware how easy it would
be to stir up religious feeling among the Russian people on
behalf of the Greek Christians, and above all he fears assassi­
nation more than anything else. Consequently he is exceed­
ingly jealous and suspicious of successful military men, and
does not wish to give either Edhem Pasha or Shazi Osman an
opportunity further to distinguish themselves. The belief
therefore is general throughout Europe that after spinning
out negotiations as long as possible he will give way in the end.
As regards Greece there is expected to be some difficulty
likewise. This country is bent upon protecting Greece to the
utmost, and is exceedingly unwilling to join in any form of
coercion. The whole French people equally sympathize with
Greece, and so do the Italians. The Greeks are well aware of
this, and the fear is that they will trust to their foreign
sympathizers to protect them from the consequ -nces and will
refuse, at first at all events, the terms settled for them by the
Powers. But the belief is general that in the long run Greece
also will have to give way. Still, it is feared the negotiations
will last a good while.
Respecting the negotiations between this country and the
Transvaal, nothing definite is known. Ic is believed, and
there appears to be good authority for it, that the French
Government has advised the Transvaal to settle as quickly as
it can with this country, for if it refuses all concessions Eu­
ropean feeling will be with England. It is also stated on
what appears to be good authority that the German Govern­
ment has plainly intimated to the Transvaal that however
strong its sympathies may be, it is not prepared to give ma­
terial assistance. Further, it is known that President Steyn,
of the Orange Free State, openly condemns the Transvaal
Government for refusing all concessions, pointing out that
in the Free State British and Boers live upon the most amica­
ble terms. The feeling of the Free State Raad is even
stronger than that of the President as it has shown by two
remarkable votes just given, one refusing to restrict the
franohise and the other rejecting the proposed Immigration
Bill. These two votes are believed to have made a very
strong impression upon President Kruger.
Lastly, the Opposition in the Cape Parliament say that the
present Capa Government has undertaken to support the
Crown with troops and to pay half the cost of the operations
if the Crown judges it necessary to interfere. A motion has
been introduced forbidding such an agreement to be made
without the approval of Parliament. The general impression
is that the demonstrations thus being made by all the selfgoverning States around him, whether Boer or British, have
convinced President Kruger that he has been pursuing a dan­
gerous policy, and that ic is time to come to a friendly settle­
ment. Here in London the wish for a friendly arrangement
is almost universal. Even Mr. Chamberlain, who is so gen­
erally accused of jingo sentiment, is really being urged far
beyond what he would like to do by South African pressure.
Owing to all this] the feeling in the city is very hopeful,
and the expectation that the large crowds which will visit
London dutiDg the Queen’s Jubilee celebration will spend so
much money here that the trading classes will be able to in­
vest exceptionally large sums, adds to the optimistic feeling.
There is somewhat more speculation in American securi­
ties but the general public is holding aloof. According to all
appearances there will be little investment until, at all events,
the tariff bill is settled in one way or another. While it is
under discussion people argue that trade cannot revive, and
that therefore there is plenty of time to .look out for good
purchases.

fH E CHRONICLE,

1124

securities th i‘jr6 is tdm little doingIn gtoutit
failiir. s are XI-porlt*. 1 from Buenos
SomefUll§ C*
Am** and th1* 0:h r larn« Arri.otine c urn ^onsequimt upoo
m< K1aWilly i f dealer* in f t* inleriHr to pay wbut they owe
to ittitmriing merchants. 1 i Urugo »T the insurrection still
drug# on. It Ilras’d the Fanatic no ve ■neat bai not been put
down, mid if Chili (flier ■is much dt*l*r«ssion.
The news fwia An? rnli.i, to), ii u.-.f iv • able, -is the colori. • arc threatened with a third year of drought. And
though the luonsaoo r.iins hav <begun to India, which gives
ri?e to tii it.a a ilia; the gro ■ii g crops will be fairly good,
the uuinb»*rs oil the famine relief w rks are increasing, as
they naturally would increase at this season.
The chief activity on the S ock Exchange during the week
Jjs* been in jiOld, dia round and copper shares. The Stock
Exchange settlement, which began on Monday morning and
ended on Thursday ev, ning, shows that the large bear account
which fxisse f. t specially in South African shares, has been
nearly cit s d during the past fortnight. There is, however,
very little hull account open. Here and there, carrying-over
rates were charged at from 5 to 8 prr cent, but brokers in the
largest wry of business in the market say that the amount to
be carried over was very email and that tbe rates were raised
artificially. Indeed, in many cases while rates of 7 per cent
w,.re charged in the morning, they fell before the day was
ov. r to 3 ; i t cent. At all events the Stock Exchange itself is
very confident that the bull account is small and that the in­
dustry is in a better state than it ever was before, since the
deprt --ion of over a year ar d a half has compelled directors
and managers to economize ia every way possible. Th*y
argue, therefore, that if President K« fitter makes reasonable
concessions, we shall see a very great ir crea-e of activity in
the early future.
Money coniiou* s cheap and abund mt, although the de­
mand for gold for Ru-'.-ia and Austria has again b' come
large this we.-k. It i- believed here that the gold shipped
from N»w York is going for the most part to Austria, while
the gold which is being hou -ht in London in the open market
is cbif-tly eoing to Sf. Petersburg The Japancs- demand is
less than it was. though doubtless it will spring up again
when the new l a- has h en subscribed. There is not much
demand either for France or Germany.
Th ■silv r market is weak and the India Council is not
selling its drafts very well. The Council has to pay every
year in London for what is technically called the •‘Home
Charges", between 18 and 17 millions sterling. Last year it
endeavored to obtain by sal s .if its drafts
millions ster­
ling, but actually obtained a million leas. This year it recog­
nized that » enuid tint sell all that it required. Therefore it
cut down to 18 millions sterling the auaiuufc to be real­
iz'd by sales, and decided upon borrowing
millions
sterling in London, which it has successfully done.
During the first six weeks of the current financial year it has
sold very little more than 3\> lacs per week, and*now it has
d< cided to reduce the amount offered to 30 lacs next week,
w hich will probably be th.- maximum offered for the next
three or four months. Ic looks, therefore, as if the Council
will have to .-ell from the beginning of November to the end
of March about SO lacs per week, and probably more, if it is
to r>nlize the 13 millions sterling wanted. Those best ac.juainud with the mark, t doubt very strongly whether it can
do so, but of course November is too far away to enable any­
body to speak confidently. The pro >u lility at present, taow*v. r. seeing to be that the Council will have to borrow again
before the end of March,
Ti..* “ Killwuv News" of London reports the traffic receipts
for the w-ek ending May 23 of 53 railways of the United
Kingdom which mdse w akly returns at £ .668,441, against
£1,726.AX. in the c >tn ponding week of list year, a decrease
of £80,065. Fur the twenty-one weeks of the current half-year
rowipts w..f. s*‘i ,m .s m , mi increase of £.850,208.
The rater for money have been as follows -.
In U ir tti eUimam
fo r depo»m H

O p m M a t k$ i Malm*
7

J o in t
\ T h n e 1 W&wr 1 Wtx
Three f o u r
S ix
Stock A t 7 M U
Month# 1Month* M&nlh* M e n tlu M onth* Bank#. Gall, J>£EV*
AM , i# ill
*
i%
l
m m u
IH l H W
H l
f
1
; 2 %m
1!4
IU
k
m
m
U 1
** 14 f
;n - l'- - l«
l H i » i t<
m
m
m
%
H
H
*
n
H
U - U -1 8
1M t m i u m m
m m u
u
H
H
** _ M
a
i m
' th
m
IH '
. h
H
*

Mreis, F.xtey & Abell write as follows u-ulwr date of
May 27;
ii„M-WH.h .H I ke«n«r drn.Mid for the Continent, prices ha
, ;“ " 7 ; r ' , v !1' a» «»'I recourse lies been h id to th e Bank, wbl.

'

S jr ” »U ?*. '

J ’l t ' V'

■.......>1. ■

•,.. ,w . i ! r .o i ) 1">'Uy0' » h ip w e i.w : B om bay, * 7 .6 0 -

«%<*-'when w lest wrote, the market short

r,i\.
, • l.".v..I.o»|nj to Xm v..rk withholding sales, ana
there*I.
m
J t r ^"■»'
n 'Z
'Z i !L
“?><»•
i , V .
' VS/
t '" ’ fiS**1 fItr
nf May delivery. Tl
ra».rlit
*
" ' 1 ‘*‘i y «.! I , u a., with moderate business. The Bomba

iVoh, LX.1V.

p rice is q u o ted a! K- T9 ^ <1 i r i i v . i t - ; Now York. £126,(100. Shlnirn-M -: B om bay, £ 12,100 ; O itleatW , £ .0 .0 0 0 ; to ta l, £02,400.
M oslem Hollars —rtiosc rain h are been vrlthout atten tion , and are

nominal. Shipments: To Penang, £8.222,
tTu? quotations for bullion are reported as follows;
I

um.u.

M ay

onebm Standard.

#

d.

May
20
#.

Bar eolit, ttue__oz. 77 110! 77
oar sold. SMrwng.os. 78 0 78
Anaaish. ..iit__ oz. 76 0*s 76
New........... .
or.
.s . £Tol«l .iotn...o*.
tteriu'u void coin,os.
French gdra ootn.oz.

76 1C r, $
76 5C 76
76 3% 76
76 3% 76

1 L<md<m M m ulard

4, !
11C Bar silver, fln e ,.
0 | Bar s llv w , ooutaiit*#
Oks
do 5 yra. Kold.or,
i b i do 4 jhrs. £Oid. or.
5<* ; do 3 «re. ycid-oe.
3% Cake silver. . . . oa.
34» i.Mexican dollars.os.

M ay
27
d,
27*,,

Jf.ry
20.
d.
274a

8S',r. 28

27 8,8

2711), 275,
29% 29%
27K 27

The Bank rate of dtsoount and ooen market rates at the
;hief Continental oities have been as follows:
■B‘iU& Of
Interest at

May 88,
Bank
Rate

P-aris...
ie r lla .............
dEambartr. .. ..
frank fort.,___
BmsveU------Vienna.......
3fc, Petersburg.
il ad r 1(3............
Oooenhasren,..

2
a
s
3
3
3
4
?!
5
m

May 21

Ovm
Bn nk
Market R aU .
l-A

m
2
2
3 5-10
m
4

M ay 14

Open
Market

Bank
Rate.

m
m
V4
214
"X
2
614
634
4
«X

2
8
3
3
3
3
4
6
5
«4

%
8
3
3
n
3
4
0
h
•X

May 7

Open
Bank
Market Mate.
8
3
3
3
3
3
4
a
5
4

m
2M
2M
m
m
2
3*
6M
4
m

Open
Market
m
m
214
214
2
854
m
4
4

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last three years :
1B97.
18b0
1895.
1894
May 27.
May 27.
May 49.
May 30.
£
£
£
Circulation
. . .
.............
27,179,980 25,960,930 25,840,215 24,914.970
9,235.121
Public deposits. ____ . . . . . .. . 11,799,790 15,225.694
8.765,6ft
Other deposits ... ... . .. . . . . . 38,783,585 48,791,904 35,333,149 31.584,451
0.894.4*22
Qoyernraent securities . . . . . . . . 13,950,270 15,360,785 13,6(4,003
28,326,001 28,514,322 20,4(1.4 44 20,298,47i
Other securities
.............
Reserve of notes and c o in .. .. 20,151,769 83,064,013 28,400,101 27,927 010
Coin & bullion, both departnfts 30,531,749 47,225,513 37,600,370 33,042 880
50 5-10
51 9-10
6314
Crop.reeerve to liabilities.-p. o.
6SM
2
2
X
2
Bank rate .
. .p ercen t.
112
13-10
Consols, 2U per cent
MUM
r is k
m n
30 11-160.
28 5-l6d
Silver — ... ...
27 9~10d.
SIM 1
110.372,000 105,810,000 167.020,0 f« 122,>82,000
Clearing-House returns.

The following shows the imports of cereal produce into
the United Kingdom during the first thirty eight weeks of
the season compared with previous seasons ;
IM POSTS.

1893-4.
1896-7.
1895-6.
1894-5.
Im portsol w heat,ow t.49,351,250 47,609,370 50,916,366 43 ,6 6 3 ,5 85
B ariev............................ 17,249,080 17.46",760 19,838,541 2 4 ,6 1 9 ,1 9 7
9 ,-6 3 ,6 1 0
9,631,090 10,167,227
O a ts................................12,140,880
1,858,550
P e a s .............................2 ,4 8 3 ,5 1 5
1,951,930 1.761.589
Seans.............................. 2,111,080
2,570,032 3,283,243
3,9 1 2 ,2 5 8
Indian corn....................45,578,940 32,677,370 18,516,914 2 -,125,805
f l o u r .............................. 15,854,160 15,299,720 14,393,700 1 4 .122.510

Supplies available for consumption (exclusive of stocks on
September 1);
1896-7.
1895-8.
1894-5.
Wheat Imported, o w t.4 9 ,351,250 47,009,370 50,916,308
[u n io n s of flour........ 15,851.180 15,299,720 14,393,700
Sales of hom e-grown.20,013,509 12,193,481 16,753,951

1893-4.
43,668,535
14.122.510
17,733.915

T otal................... .85,217,930 75,102,571 82.094,017
1896-7.
1895-0.
1894-5.
A ver.prioew lieat,w eek.23s. Id.
25s. 8d.
22s. 104.
Average prloe, sea so n ..2 8 a . 104.
25s. Id .
20s. Od.

75,525,040
1 893-4.
24s,, 5 4 ,
25a. lOd.
flo u r a n d

The following shows the quantities of wheat,
maize afloat to the United Kingdom :
T his >oeck.
W heat.............. q *s.. 1,390,000
Flour, equal to q r s ... 170,000
Maize................ q r a . 570.000

L ast meek.
1.320,000
210,000
530,000

1896.
2,241,000
219,000
610,000

1895.
3,5 9 7 ,0 0 0
2 7 1 .0 0 0
3 1 0 .0 0 0

Engllth Financial Market*—For Cable,
The daily closing quotations for securities, &o. at London
are raported by cable as follows for the week ending June 11 :
LOXJIOK.

Sat.

Silver, per ounce....... d.
slonsois., new , 2% p.ote.

279is

’l Vi
04-22 ia
Atcli. Top. & Santa Fe.
;
Do
do
pref.
'
Canadian Pacific............
CbaBapealco it Olilo.......
;
Okie, Mllw. * Ht. Paul
*
Denv. & Klo Or., prof..
Brie, Common............
1 st p referred..............
-6
Illinois Central..............
0
IxmiayJBe *• N asliville.
3o
Mexican Central, 4a ...
W
Mo. Kan. %T ex., com..
N, Y . Cent’l & H udson.
•
N. Y. Ontario & West'll
Norfolk & West'll, prof.
;
No. Pao. prof., tr.recta.
;
P eim sylvaoia.................
j
Pblla. A- B ead., per ah..
Soutb’MRailway, com ..
*
Preferred......................
Waliftsh, preferred.......

M on.

:
:

a
1
w

Tttes,

Wed.

27»,a
113
113 38
10415
liv 8
24 M
62kj
17%
79%
40 H
13>a
32%
98%
173
49%
72
12
102%
14%
29%
40
53%
10%
9%
20%
7%
14%

270,8
112%
113
104-00
11%
2*1
62%
17%
787e
40%
13%
32%
98%
173
49%
72%
12*4
102%
14*%
29%
40
53%
10%
9%
28%
7 \
14%

T hurs.

Fn.

27%
27%
112% 112%
112l6,fl a 2 u » ie
04"- 7% 104-15
12*%
1 2 -h
24%
2.%
03%
62%
18%
18%
79%
79%
40%
40%
14%
14%
34
34%
99
99
174
60%
51%
72%
72%
12%
12%
102% 102%
14 %
14%
31
30%
11%
41%
54
54
10%
u%
9%
9%
29%
30
7%
7H
15%
15%

TBF, CHRONICLE.

J cne 12,

©cntmcrctalctud ijsttsceiluitccus i^ems

1 1'Zo

E SPORTS AND IMPORTS OF SPECIE AT NEW YORK.
E x p o rts.

following information regarding
national banks is from the Treasury Department:
N a t io n a l B a n k s .— Th e

NATIONAL BANKS ORGANIZED.
5 ,0 7 3 —T he M erohants’ N a tio n a l B ank o f K itta n n in g , P e n n sy lv a n ia .
C apital, * 5 '.0 0 0 . J a m e s B . N e a le , P r e sid e n t; J a m e s M.
P a in ter, C ashier.
INSOLVENT.
2 ,7 3 2 —T h e M erch an ts’ N a tio n a l B a n k o f H e le n a . M ontan a, w a s on
J a n e 2, 1 8 9 7 , p la c e d in th e h a n d s o f E u g e n e T. W ilson,
reoeiver.
3 ,3 1 2 —T he F irst N a tio n a l B ank o f O rleans, N eb ra sk a , w a s on J u n e 5,
1 8 9 7 , p la ced in th e h a n d s o f P e te r O. H ed lu n d , receiv er.
3 ,5 3 1 - T h e D a lles N ation al B a n k , T he D a lles, O regon. H . 8. W ilson
a p p o in ted r e c e iv e r in p la o e o f C harles C lary (resign ed ), to
ta k e efle e t J u n e 1 4 .1 8 9 7 .

following interest­
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on May 31 :
B onds H eld

by

U. 8 . B o n d s H e ld M ay 3 1 , 18 9 7 , to S e cu r
P u b lic D eposits
in B a n k s.

C urren cy 6a, Pac. R R ...
5 p e r ce ota, 1 8 9 4 ............
4 per ot.*., fu n d e d 1 9 0 7 ..
4 per c en ts, 1 8 9 5 _____
2 per c ts., fu n d e d 1 8 9 1 ..

$ 3 7 5 ,0 0 0
5 3 5 ,0 0 0
1 2 ,2 7 5 ,0 0 0
2 .5 0 0 .0 0 0
1 .0 3 3 .0 0 0

T otal...............................

$ 1 6 ,7 IP ,0 0 0

M onk
C irc u la tio n .
$ 8 ,6 7 3 ,0 0 0
1 5 ,4 8 1 ,3 5 0
1 5 0 ,9 1 8 ,2 5 0
3 3 ,4 9 5 ,0 5 0
2 2 ,3 4 7 ,9 0 0

To ta l H eit
$ 9 ,0 1 8 ,0 0 0
1 6 ,0 1 6 ,3 5 0
1 6 3 ,1 9 3 ,2 5 0
3 5 ,9 9 5 ,0 5 0
2 3 ,3 8 0 ,9 0 0

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

C h a n g e s i n L e g a l Te n d e r s a n d N a t i o n a l B a n k N o t e s t o
J u n e 1.—The Comptroller of tbe Currency has furnished

us the following, showing the amounts of national bank
notes May 1, together with the amounts outstanding
June 1, and the increase or decrease during the month ;
also the changes in legal tenders held for the redemption of
bank notes up to June 1.
n a tio n a l ISamc Notes—
A m ount o u tsta n d in g May 1, 1 8 9 7 ...................
A m oun t issu ed d a rin g M ay.................................
A raonut r etired d u rin g M ay.................................

* 4 6 1 ,4 2 2
1 ,4 7 3 ,5 1 5

A m oun t o a tsta n d in g J u n e 1 ,1 8 9 7 * ___

8 2 3 2 ,8 0 2 ,2 4 4
1 ,0 1 2 ,0 9 3
* 2 3 1 ,7 9 0 ,1 5 1

L e g a l T en d er N otes —
A m ou n t on d ep o sit to redeem n a tio n a l ban k
n otes May 1 , 1 8 9 7 ................................................
A m oun t d ep o sited during M a y..................... ..
Am’t reissued and b a n k n o te s retired in May,

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

A m ou n t on d e p o s it to redeem n a tio n a l
ban k n o tes J a n e l , 1 8 9 7 ...........................

6 1 7 ,0 7 5
* 2 4 ,6 5 0 ,7 7 0

tC iroala tlo n o f N a tio n a l G old B anks, n o t in clu d ed in ab o v e. * 8 5 ,6 9 0 .

According to the above the amount of legal tenders on
deposit June 1 with tbe Treasurer of the United States to
redeem national bank notes was $21,650,770. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks
reducing or retiring their circulation, was as follows on the
first of each of the last five months:
D eposits by—

Feb. i .

J f ir . 1.

*
9 3 5 ,9 9 7
4 ,7 6 9 .0 5 3

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

A p r . 1.

M a y 1.

$
1 ,1 8 4 ,2 5 3
4 ,8 2 5 ,0 2 6

J u n e 1.

$
1 ,1 2 9 ,3 9 4
4 ,8 5 2 ,9 7 0

$
in so lv 'n tb k a
1 ,3 4 1 ,4 7 9
L iq u id ’# bks.
4 8 5 8 ,2 4 3
R w ’c ’Kuode.
a c t of 1 8 7 4 1 6 ,1 1 6 .4 2 1 1 7 ,5 2 8 .4 6 3 1 7 ,9 8 1 ,9 1 3 1 8 .051,331 1 8 ,4 4 8,048
T o ta l........ 2 1 ,8 2 1 ,3 7 4 2 3 ,2 3 4 ,5 4 5 2 3 ,9 4 1 ,1 9 2 2 4 ,0 3 3 ,6 9 5 2 4 ,6 5 0 ,7 7

* Act of Ja n e 20. 187 4. and Ju ly 1 2 ,1 8 8 2 .

I mports and E xports for the W eek .—The following are
the imports at New York for the week ending for dry goods
June 3 and for the week ending for general merchandise
June 4; also totals since the beginning of the first week iD
January.
FOREIGN IMPORTS AT NEW YORK.
F o r w eek.

18 9 7 .

18 9 6 .

18 9 5 .

18 9 4.

D ry g o o n s ........
G en’l m er’diae

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

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

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

$ 8 6 7 ,2 4 2
5 ,7 6 2 ,9 9 6

T o t a l ..........
Sin ce J a n . 1.
D ry good a........
G e n ’l tner’d ise

$ 1 0 ,5 1 2 ,1 6 0

$ 9 ,4 0 7 ,0 0 1

$ 1 1 ,0 1 8 ,4 2 3

$ 6 ,6 3 0 ,2 3 8

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

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

$ 3 7 ,2 1 0 ,2 6 2
1 4 9 ,4 4 8 ,9 3 2

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

T otal 2 2 w eek s $ 2 4 2 ,2 4 5 ,5 6 6 $ 2 0 9 ,5 4 8 ,9 0 1 $ 2 2 2 ,9 5 1 ,1 7 2 $ 1 8 6 ,6 5 9 ,1 9 4

The following is a statement of the exports (exclusive of
•peoie) from the port of New York to foreign ports for the
week ending June 7 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE WEEK.
1897.
Forth© w e e k ..
P rev. rep orted

Sou th A m e r ica ____
A ll o th er cou n tries.
T otal 1 8 9 7 ..........
T otal 1 8 9 6 .........
T otal 1 8 9 5 ........

$ 8 ,1 2 4 ,8 1 9
1 6 3 ,8 3 1 ,0 2 2

1890
$ 7 ,4 2 1 ,0 1 7
1 5 7 ,0 4 2 ,0 0 6

18 9 5 .
$ 7 ,7 8 8 ,1 8 2
1 3 9 ,1 8 1 ,8 1 9

1894.
$ 7 ,6 2 8 ,4 3 8
1 5 2 ,7 1 3 ,2 3 6

T otal 22 w eeks $ 1 7 2 ,0 0 5 ,8 4 1 i$ l 6 4 ,4 0 3 ,0 2 3 $ 1 4 6 ,9 7 0 ,0 0 1 $ 1 6 0 ,3 4 1 ,6 7 4

The following table shows the exports and imports of speoi#
at the port of New York for the week ending June 5 and
slnoe January 1, 1897, and for the corresponding periods in
1896 and 1895:

I

Sin ce J a n . l . |
$ 9 7 9 ,6 6 0
9 ,1 6 3 ,6 7 2
7 ,0 7 0 ,0 0 0
4 6 4 ,5 9 2

$ 6 5 0 ,0 0 0

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

1 0 ,8 f 0
5 0 0 ,0 0 0

$ 1 ,1 6 0 ,8 0 0 $ 1 8 ,3 2 1 ,8 6 0
1 ,8 3 4 ,2 2 5 3 6 ,5 8 8 ,5 1 8
1 3 ,6 7 9 3 4 ,3 8 8 ,4 2 8
E x p o rts.

S ilv e r.

W eek.

N a t io n a l B a n k s . —The

O ssc rtp tu m o f B ond*

-

Week.

Im p o r ts .
W eek.

Since J a n . l
$ 1 1 2 ,6 0 6

............
$ 4 7 ,3 9 2
1 1 ,075
2 1 ,2 4 2

10
1 ,0 5 0 ,1 3 6
6 3 .039
2 6 4 ,8 6 8
1 6 1 ,7 3 8

$ 7 9 ,7 0 9
1 31,363
2 4 ,115

$ 1 ,6 5 2 ,3 9 7
1 8 ,2 8 5 ,8 0 2
2 0 ,1 2 1 ,7 7 8

I m p o r ts .

Sin ce J a n . l .

3outh A m e r ic a ........
All o th er cou n tries.

$ 8 5 8 ,4 0 0 $ 1 9 ,2 3 8 ,2 4 6
6 3 8 ,0 0 0
5 ,7 5 0
1 6 6 ,7 9 3
2 7 ,4 4 5
500
5 4 ,» 3 5
3 6 ,0 0 0
6 60

T o ta l 1 8 9 7 .........
T otal 1 8 9 6 .........
T otal 1 8 9 5 .........

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

W eek.

S in c e J a n . l .
$ 2 ,0 2 2

$ 1 0 ,4 6 1
3 4 ,8 7 9
5,1.48

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

$ 5 0 ,4 8 8
4 3 ,8 0 3
9 3 ,7 7 0

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

Of the above imports for the week in 1897 $23,899 were
American gold coin and $91 American silver coin. Of tbe
exports during the same time $1,160,800 were American gold
cnn.
»
—The seventy-ninth annual meeting of the shareholders of
the Bank of Montreal was held in Montreal last Monday, and
an accouat of the proceedings is published on other pages
of this issue. The Bank of Montreal, with its forty or more
agencies, is one of the largest fiscal institutions in Canada,
and we note with pleasure that the results of the year have
permitted the usual distribution of semi annual dividends
of five per cent on the $12,000,000 of stock. In addition to
the surplus of $6,000,000, a balance of $896,909 is carried for­
ward to the credit of profit and loss account. I i the atsence
of Sir Donald A. Smith, the President of the Bank, who has
gone to England as the representative of Canada at the
Queen’s Jubilee, the chair was occupied by Hon. G*o, A.
Drummond, the Vice-President. The remarks of Mr. Drum­
mond and of General Manager Mr. Clouston touch on com­
mercial and financial subjects of general interest.
—The Knickerbocker Trust Co. has declared a semi-annual
dividend of 3 per cent from the net earnings on the capital
stock of the company, payable July 1. Transfer hooks will
close June 21 and reopen July 2.
—Mr. P. J. Lisman advertises in another column a very
interesting and extensive lis: of bonds for which he is desirous
of obtaining bids.
Cltj Kailroad Securities—Brokers’ Quotations.
Bid.

Ask

D. D. E. B. & B at’v - S t k .
1st. gold, 5s, 193^.J& I
5108 104
80
S c r ip ...............................
77
30
E ighth Aveu ue—Stock..
33
$106 108
Scrip, 6a, 1 9 1 4 .........
200 205
42d & Gr. St. Per.—Stock
$106 109
42d St. Man. & S t.N . Av
$110 112
1st mort. 6a, 1910.M&S
$115 118
Sdm ortJncom e 6s.J&J
K ings Co. Trac.—Block..
2d 5s,inU as rent’1-190;- $104 108
118 118*2 L ex.A ve.& P av.F eriy 6a.
Brooklyn C ity—8 took .... 179 181 ,Metropol *tan Traction..
115*2 116 iNassaii Elec. 5s, 1944---N.Y.& Queens Co.5s,l 940
Bklyn. C rosst’n 5e.l90^ 103 105
Steinw ay 1st 6s,’22.J &J
B kl’n.Q’nsC o.& Sub.lst 104 106
Ninth A w n n e —B lock ..
160
Second Avenue—S tock .
5 s. 1939................... ......... $110 112
Brooklyn Rapid Transit
20®4 21*4 1st mort.,58,1909.M&l
75 *2 76*a D ebenture 5s, 1909. J d;.
5s. 1945....... ....... A&O
Sixth A venue—S to ck ...
198
Third A venue—S to o k ._
1st M .,6s, 1 9 2 2 ...M&I' $115
1st mort., 5s, 1937. J&J
O en.P k .N .A K .R v.—Stk 164 168
Twenty-Third St.—S t’k
Consol. 7s, 1902...J& I 112 115
Deb. 5s, 1903................
Columbus & 9th Ave. 5s 11 734
Union Ry—S t o c k ...........
Chr»8t’p’r&10th 8 t .- 8 t k 155 160
1st 5s, 1 9 4 2 ...................
1 st mort., 1898 ...A& C 101 103
W estch est’r. 1 st.eu..5P.
? And accrued interest.
Atl&n. A ve., B ’k lyn —
Con. 5s, g., 1931..A & 0
Im pt. 5 s, g., 1834..J&J
Bieek. S t. & F u l.F .—Stk
Istm o rt., 7s,1900.J& J
B’w a y * 7th A ve.—Stock
Istm o r t.,5 s, 1904. J&D
2d m ort., 5s, 1 9 1 4 .J&J

Bid.

Ask.

153
115
$101
305
100
320
35
$116
66
38
117
109*2
__. ..

155
11634
103
325
105
340
45
118
69
40
-.173,
110
95

113
160
130
108
102
180
152
123*2
300

115
170
140
109
106
190
153
— ..
103

$10434
$100

Was Securities—Brokers’ Quotations.
GAS COM PA N IES.
B’klyn U nion Gae—Stock.
B on d s................................
Central...................... ...........
Consumers’ (Jersey City).
Bonds.................................
Jersey City & H oboken..
Metropolitan—Bonds........
Mutual (N . Y ....................
NT, I . & E ast R iv. 1st 5s.
Preferred....... .............
Common.................... - ...
Consol. 6*
-- —

Bid. Ask.
106
112*2
195
75
101
185
105
243
111
101
64
104*2

GAS C O M PA N IE S.

Bid.

170

80
103
195

220
105
52
77
123

250
112

102

66
105*2

160
102*2
105
Equitable............................ . 219
Bonds, 6s, 1 8 9 9 . .. ....... 103
! St. P au l................................. 49
Bonds, 5s........................... 70
121
! Standard pref—
110*2
*
Western G a s .................
68 34
95
: Bonds, 6 s........................

Ask

106*2 Peoples* (Jersey C ity )...
W illiam sburg 1st 6 s—

70
96

Anction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son :
S hares.
I
Bonds
2 0 N assau T ru stC o.of B ’k ly n .145*2 | * 1 1 ,0 0 0 D u n d eeW a terP o w er
38 U n ited N ew J e r s e y RR.
& Ld. Co. 1st 7 s, 1922,M & S .112?i
& C anal Cos ................... 2463i , *3,<’0 0 Ft. Worth & D. C. Ry.
17 A m erican E x ch . N at B k .168*4
Co. 1 s t 6 s, 1921, J & D ......... 6 0
6 W elsbaeli C o............. $ 42 n er sh. I * 3 ,0 0 0 28tli & 2 9tli Sts. Cross2 0 C rown Cork C o . . ................ 3 0
to w n R R I s tS s , 1 9 9 6 ,guar­
anteed, A S O ............... 100*2 & ln t

THE CHRONICLE,

112*
fa u ltin g

a n ti

F in a n c ia l.

BANK OF M O N T R E A L .
PROCKEDLNQS AT THE ANNUAL MEETING OF THE
SHAREHOLDERS HELD JUNE 7, 1897.
,From the Montreal Gazette of June 8,1897.)
Th,, ‘ rv.Mity ninth amuutl m eeting o f tbe Shareholders of the Bank
no.* held i" Hie Board Room at 1 o'clock yesterday.
There w ell! prv-ent Hon, G earin' A. Drum m ond, V ice President;
H u sh M cLennan, W. C. M cDonald, E. B. Greenehlolds, H ector
M», km .sc, Hon. Jam e* O 'B rien , D onald Maemuster, W. IV. O gilvlc,
V r Judah Angus W. Hooper. J . W. H o w ard , R ic h a rd White, Jam es
\Vii*oi>, J r , W. ,1. B uchanan, M. Bu rke, H. Mason. A le x . M itchell, H.
1 inumiiomt, W. W allace, E, R a w lin g s, F . I I . Sim m s, Jo lm M olson and
J liii' u"<e motion «f Mr. John Crawford, seconded by Mr. John Morr-.nn, lieu , <,e»rs,’e A. Drummond, Vice President, w as unanim ously
toted to tlie chair, in the absence of the President, Sir Donald A.

Suit? It.

I it, (he motion of Hon. Jam es O’Brien, seconded by Mr. Donald Macr. n was agreed: "That the follow ing gentlem en ho appointed to
a , ! a . ra U tic rM Messrs. W. J. Buchanan and A ngus W. Hooper; and
ilist Mr. Jam.:s Atnl be the Secretary of this m eetin g.”

THE REPORT.
The report of the Directors to the Shareholders at their 79th annual
general meeting wa* read by Mr. Ctoustou, the General Manager, as
follows:

The Directors have pleasure in presenting the 79th an n u al report,
showing the result of the Bank's business of th e y ea r ended SOtlt
A p r i l . 1897:

Balance of Profit and Boss Account 30th April, 1 8 9 6 ---- $856,348 19
Profits for the year ended 30 h April, 1897, [after de­
ducting charges of m •nagoment and making full pro\
ti for all had and and doubt ful debts........................ 1,230,661 79
$2,086,909 98
Dividend 5 per cent, paid 1st December, 1S90..$600,000
Dividend 5 per cent, payable le t June, 1 8 9 7 .... 600,000

------------ 1.200,000 00

Balance of Profit and Boss Account carried forward.......

$886,909 9S

A branch of the Bank has been opened at New D enver, B. C.
The Directors decided to erect a building for the Bank’s u se a t Vic­
toria. It. C.. and it is now approaching com pletion.
AH the others of the Bunk, including the H ead O ffice,have been
Inspected during the past year.
30tb A pril, 1897.
D onald a . S m it h ,
President.
G l v i.k a l

statem en t,

30 th A pril, 1897.

L ia b ilitie s .

Capital Stock ................................................

$12,000,000 00

Rest ............................................ $6,000,000 00

Balance of Profits carried forward.........

886,909 98

$6,886,909 08
Unclaimed D ividends.................................
8,046 01
H alf vearlv Dividend, payable 1st
J ntie, 1897..................................................
600,000 00
----------------------

7,494,95a 99
$ 1 9 ,4 9 4 ,9 5 5 0 9

Notes nt the Blhk In circulation............. $4,503,386 00
1>- e” - ' ;- nut hearing In terest.................. 11,887,662 27
la-r.osits hearing interest......................... 28, 137.083 89
Balances due to other Banks in Canada.
12,303 73
-------------------- -14,600,530 89

$04,005,486 88
A ssets

<Sold and Stiver Coin Current-...................
$*2,405,062 59
G overnm ent Dem and N o tes.....................
3,124,102 50
Deposit with Dominion Government re­
quired by Act of Parliam ent for se­
curity of general bauk note circulation
265,000 00
Due by Agencies of this Monk and other
Batik* In Foreign Countries.................. $7,750,882 14
Du< by Agencies of this Bank and other
Banks in (.rent B ritain.......................... 6,893,774 73
------------------- 14,644,656 87
fini-sm - - duf t>y oilier Banks In Canada
18,877 18
i - o n . s i ami Proviiiio.it ( loverm oent
f,v ■Itlfie,........................ ..................................
1,410,708 07
1 ■■.............
3,323,010 08
.Notes and C:ie,,m * of other B a n k s..___
1,261,658 72
&n)t JPremise* at M ontreal and
8 im c
nnm t Lmm» and rJI*eouwt§ {rebate
inter**t
and other aeeuritlea
Will. A< *
30,725,725 42
’soar* <1 by mortmain* o r ©1'her wise
08,700 14
Wtrtiit7 t o i not «i»eola!Iy aeettred
IIuas provided fori
125,745 31

$20,545,25 601
600,000 00

30,950,230 87
$04,090,480 88
E. 8. C lOustmn , General Manager,
.Basok o r M o stm u ,
>
M '.sri i -t., n oth A pril, 1 3 9 7 .1
T H E GEN ERA I, MANAGER,
M r, Clen-Hun, s o ld ;

I" ’’ r r ’ : ■’ 1 . . : .
; submitted to ymt at this m eeting, there
»rs
in sw ttoot cluing.,,, w hich it m ay he a* well to give se ta e esi
"• |i: • '•
figure* w ithout an e x p la n a tio n would conif-ij a irfntig t«-(„, • -tan. Tim nr*t ehaasge of an y ttniJM Mfice Is an
~ •■■■'» ■ ■ ■ " ' deposl t e o ut h earing Ini,-r, **«. T h is is n early
•*. a iv to p o n irj eiiarm 'tcr, caused chiefly by G overnm ent deposits,

rvou h x iv ,

and w ill probably disappear before long. In deposits beariug Interest
there is a large inore&seof $3,916,000. Aside from the stead y!,.crease
lu our Savings Bnnk D eposits, there are som e sp ecial am ounts here
which also laek perm anency. ( onunotsay til it.hankers a t present regard
with any great degree of pleasure the increase in this item , particularly
when they, lik e ourselves, are obliged to lend it abroad nt a n om in al
rate. Our ■ash reserves have increased $411,000, a sm all am ount pro­
p ortionately for the increase lu liabilities, but as we arc so strong iu
im m ediately available resources elsew here, it is a m atter o f little
m oment. There is an Increase of $2,610,000 in the amount due us by
agen ts in Great Brit d o, which is an im m ediately available asset,,
though not a very paying one a t present rates. The'appearance of the
Item in the statem ent of Dominion and Provincial Governm ent se­
curities Is line chiefly to an operation in the b on d su f this province and
w ill very lik ely not remain there long. Our U nited S tates R ailw ay
Bonds h ave Increased $387,000. This Item constantly changes, as we
arc aetived ealers in them, and frequent participators with other banka
in bond issues. Our loans have lucre <sed $1,956,000, principally from
a desire on the part of the business com m unity to pay duties in an tici­
pation of a prospective change in the farin’, partly also from a general
expansion in our business. Our debts, secured and unsecured, have
increased $135,826, n ot a very large sum considering the trying rear
we have ju s t com pleted. The sam e remark ap p lies to our profits,
which sh ow a fallin g off Of $10,635.
Altogether you will adm it w e are in an excep tion ally strong finan­
cial position, hut n ot one in which w e can make m uch profit with the
present low valu e of money in foreign m arkets In fact, each su c­
ceeding year seem s to increase the difficulty of m aintaining our profits,
end when, in addition, w e are obliged to provide for the shrinkage in
valu es naturally resulting from the prolonged depression in business,
it is alm ost a m atter of surprise that w e are able to appear before you
w ith so good a statem en t ns the present.
It has been said that, lik e Joseph's kino, bankers have seven fat
years and seveu lean ones, and it ought to be about tim e -.or the lean
ones to cease, for, since the Baring crisis in 1390, the world lias
experienced a succession of financial shocks and disasters w ithout par­
allel in lie history, partly th e natural resu lt o f business depression
through over-trading, over-m anufacturing, and other causes, but part
of It forced on the financial world by those who should have been the
buttresses betw een it and harm. Wnetli >r w e are through with thorn
tim e on ly can tell. With the settlement! of the European quest-ion,
which seem s probable, at least tem porarily, and the adjournment of
the legislative bodies here and in the United States, the business com ­
m unity may have a chance of taking breath and com m encing another
struggle to attain prosperity. In the United States there arc signs of
the sunshine breaking through the clouds, and a particularly bright
gleam w as Secretary Gage's statem ent the other day that- the present
adm inistration was determ ined, ouce the tariff w as out of the w ay, to
take up the question of placing the currency of the country on a soundbasis. W ith our large in terests in the United S tales we na turally give
them our heartiest sym pathies to any effort in Umi: direction.
Canada has fortunately been com paratively free from financial
heresies, and to that we owe. in a large m easure our com parative im­
m unity from the troubles which have agitated th e neighboring cou n try
during the la st few years.
I u Canada the fut ure is still shrouded iu uncertainty. The p a st year
has been very disappointing, a year of increasing busin ess depression,
full of u n settlin g incidents, and there have been a considerable num ­
ber of failures. More w ill h ave to fo llo w u n less som e im provem ent
takes place th is year. The position, so fas as I can read It, is this, and
itseem s to m e a very delicate on e;—Any further depression, com ing
on a com m unity already weakened by a long fight again st adverse cir­
cum stances w ill precipitate a very serious state of affairs, worse than
anything w e have yet had to encounter. On the other hand a. se ttle­
m ent of the tariff with a due regard to established interests, a good
crop w ith fair prices, len ien t treatm ent and judicious assistance m ean­
tim e to th ose In b u sin ess, m ay y e t m ake this year the beginning of a
prosperous cycle. The position Is n ot by any m eans hopeless. Crop
prospects are good iu the N orthw est, fair in Ontario, though backward
in Quebec. Mineral developm ent still continues in the West aud is add­
in g daily to the w ealth of the country. Though our lumber trade with
th e United States is n ot iu a satisfactory position, our trade with Eng­
land is good, The m anufacture of pulp prom ises to grow Into a m ost
im portant and valuable industry, for iu this country we hav*- un­
lim ited quantities of the finest raw material In the world, with m ag­
nificent wator po wer and reasonable labor. The cheese and butter
trade prom ises to be a large one, ami we appeal- to be on the eve of a
large developm ent in our bacon and ham trade. N egotiations, judging
from the new spapers, are practically com pleted to build a railw ay into
the B ritish Columbia m ining region. This of itself will he almost, suf­
ficient to start the hands of the com mercial barometer towards fair
weather. Tlioposition is not by any m eans hopeless, b u t requires
careful treatment, and all the encouragem ent that, can be given.
If there are any questions from the Shareholders, I w ill h ave much
pleasure in replying to them.
THE VICE-PRESIDENT,
H onorable George A. Drummond, said: 1 tru st th at the Share­
holders of the Bank of Montreal will agree with the Directors In con ­
sidering the results of the year's business as satisfactory, aud in view
of the times as em inently creditable to the General Manager and staff.
The stagnation due to the prevailing distrust and u n certain ly which
we have had to chronicle for several years p ast still prevails. Doubts
as to th e character o f im pending tariff’ legislation produced an unsatis­
factory state of business during the w inter m onths, and an xieties on
this score still exist. The victory of the sound m oney con test in the
U nited States failed to re-establish confidence, os the successful side
se t itself to a readjustm ent of the tariff before dealing with the cur­
rency. On both sides of the lin e, therefore, sim ilar causes of an un­
settlin g character exist, and it m ay without dispute be asserted th at
no m ore p o te n t Influence is to be found to retard the investm ent of
capital and delay the progress of the country than frequent changes
in its fiscal policy. The battle of sound money against heresies of
various kinds in the United States, which late even ts would appear to
have settled , w e are assured is only postponed. We are
even promised a tran sfer of its m align influence to our
own country. Should liiese prognostications have any solid
foundation, the end of our bad tim es oau scarcely be said to be In
sight. Every reflective m an, m ust, I think, ha ve arrived at the con­
clusion that we and our neighbors to the south h ave too much lawm aking constantly going on, and the conviction is forced upon m e
that men of bus.n ess u re far too much disposed to abandon the p olit­
ical duties of every citizen to those Icsh occupied with affairs than
them selves, with the result, which might, lie expected, that th ey only
awake io a feverish period of indignant and anxious rem onstrance
when they find their interests Imperilled by legislation which m ight
have been prevented at an earlier stage, Statesm en of all parties 140plorc the. absence of men of w eight and experience in 'finance, com­
m erce and trade from tlie ranks of those available ns originators of
the com mercial legislation of the country. I t is m atter of common e x ­
perience that, it sense of relief is felt iu the great centres of the oouni ry during the brief Intervals when no active law -m aking is going on.
I f these things be. so, it follow s that the business of legislation is ev ery
mail’* business; and that it, is false econom y to shirk a p a in sta k in g '
participation in the work of legislation.
No law o f Importance affecting this institution, or lim its generally,
inis been passed, or, as far us 1 am able to judge, is lik ely to pass this
session. One act concerning interest was lutrodficsd, which m ost cer­
tainly would have brought about, far-reaching consequences and m ost
Inconvenient, results, but it 1ms been withdrawn and at w ilier bill sub­
stituted to which little objection can be offered, I arn bound to say

J une 12, 1897,J

THE CHRONICLE.

t h a t th e o r ig in a l b ill w a s an h o n est a tte m p t to d e a l w ith th e g r o ss
evils of u su ry by in d iv id u a ls, b u t its w ith d r a w a l is j u s t a n o th er e x ­
am p le o f th e difficulty o f str ik in g th o se w ith o u t d istu rb in g th e w h o lly
b en eficia l ope a tio n s o f r eg u la te d b a n k in g .
Whi e th e B a n k o f M ontreal co n d u cts its affairs w ith a w e ig h ty sen se
o f its resp o n sib ility a s an in stitu tio n w ith w h ich th e c red it and fin an ­
c ia l s ta b ility o f th e co u n try is in tim a te ly bound up, it a t th e sam e
tim e fu lly r ec o g n ize s th e fa c t th a t a n y p o lic y or fin a lity or la c k o f e n ­
te r p r ise is in se p a r a b ly a n d su r ely one o f d e c a y a n d d eca d en ce, an d th e
S h areh old ers w ill, I tr u s t, a p p ro v e th e p ro g ress m a d e in th e e x te n ­
sio n s o f th e y ear. T he branch a t St. J o h n ’s, N ew fo u n d la n d , is s o lid ly
esta b lish e d the; e, a n d w h ile a v a lu a b le b ranch to th e B a n k , h as re­
c e iv e d a la rg e m ea su re o f p o p u la r su p p o r t and con fid en ce, an d is, I
tr u st, o f u se both to th e G o v ern m en t an d th e co m m ercia l co m m u n ity
o f th a t p ro v in ce. T he g r ea t m in in g d istr ic t o f B ritish C olum bia has
a lso r ec e iv e d th e a tte n tio n o f th e B ank, a n d a g e n c ie s h a v e b een opened
a t N ew D en v er, N e lso n , R o ssla n d and V ernon.
The g r ea t m in era l w e a lth o f B ritish C olum bia h a s b e e n p roved b y
th e d isc o v er y and d e v e lo p m e n t o f m a n y v a lu a b le m in es. T he a b u n ­
d a n ce o f fu el, labor an d w a te r and the fa c ilitie s for tr a n sp o r t in th a t
P r o v in ce shou ld ei a b le th is portion o f th e D o m in io n to co m p ete in
th e e co n o m ica l p ro d u ctio n of th e p r ecio u s m e ta ls on fa v o r a b le term s
com pared w ith a n y o th er k n o w n m in in g d is tr ic t in th e w orld, b u t I
w o u ld d ep reca te in th e s tr o n g e st term s th e rec k less sp ir it o f g am b lin g
w h ic h p ro m p t * in v e s tm e n t in u n p ro v ed p ro p erties. Such properties
sh o u ld not be ta k en o n a n y oth er basis o f v a lu a tio n th a n th e ch an ce
th a t th ey m a y tu rn o u t o f no v a lu e w h a te v e r . F o r tu n a te ly , th e n u m ­
b er o f proved a n d v a lu a o le p ro p erties is a lrea d y su fficie n tly g r ea t to
p la c e th e en orm ou s m in era l w e-ilth o f th e P ro v in ce beyond a ll q u es­
tio n , a n d th e fa c t m u st be m a tte r o f c o n g r a tu la tio n to e v e r y one.
L a st sea so n crop s w ere e x p e c te d to be o n ly fair. It w a s k n o w n th a t
in M a n ito b a a n d N o r th w e st T errito ries th e a rea so w n w a s le s s th an
in 189 5 , bu t th e crop w as h a r v e sted in g ood c o n d itio n , and, o w in g to
th e a d v a n ce in th e p rice o f w h ea t, p ro b a b ly rea lized a s m u ch as th e
crop o f th e p reced in g year. In O ntario, ou th e co n tr a r y , d ro u gh t pre­
v a ile d to th e ser io u s d e tr im e n t o f th e cro p s o f all kin ds. In Q uebec
an d th e M aritim e P r o v in ce s c o a rse g ra in s a n d h a y w ere a good crop.
F o r th e p r e se n t y ea r it m ay be sa id th a t in M a n ito b a andjjthe N orth­
w e s t th in g s n e v e r lo o k ed better, a n d the a rea under w h e a t is la rge. In
O ntario e v e r y th in g looks w ell, th o u g h rep o rts o f injury to fr u it from
lo c a l fro3ts co m e from v a rio u s qu arters, bu t are e v id e n tly n o t im p ort­
a n t. In Quebec tn e sc a r c ity o f sn o w la s t w in te r u n q u estion ab ly
k ille d so m e p a stu re, b u t the* co p io u s ra in s, w h ich ap p ea r to retard
v e g e ta tio n n o w , w ill u n q u estio n a b ly , if g ood w e a th e r n o w co m es, go
fa r to sec u r e a g ood y ie ld o f th e sta p le p ro d u ctio n s, h a y aud coarse
grains.
T he p ro sp ects o f th e s h ip p in g tra d e are g e n e ra lly fair. O ver five
m illion bu sh els o f g r a iu w ere cLeare l from th is p o rt In May, aud
fr e ig h t e n g a g e m e n ts up to A u g u st «nd S ep tem b er are rep o rted , w hich
is a l n o st u n p r ec e d e n te d It is rep o rted a lso th a t r a te s are a s good as
la s t year. In lum ber, tr a d e w ith G reat B rita in has b een in a c tu a l sh ip ­
m e n ts a u d e n g a g e m e n ts fu lly 5 0 per c en t in e x c e s s o f la s t y ea r, w hile
th e dread o f a d v a n ced C u stom s d u ty by th e U n ited S ta te s has stim u ­
la te d sh ip m en ts to th a t co u n try by r a il aud w ater.
The fa c ilitie s for h a n d lin g b u tter a n d o th er p rodu cts b y co ld sto ra g e,
both on land aud sea . p ro m isejto r ev o lu tio n ize th e trade, and m ay, if
du e ca re be ta k e n to secu re a uniform and good q u a lity iu our sta p le
p ro d u cts, be o f im m en se ser v ic e to th is c o u n try .
I tr u st I m a y be a b so lv e d from blam e if I m ak e a dep a rtu re from the
s tr ic tly b u sin ess c h a r a c te r o f o u r a n n u a l m e e tin g s. If so m ew h a t e x ­
cep tio n a l. th e c ircu m sta n ces a re n o t le ss so. I co n sid er m y d u ty
w ou ld be im p er fe c tly p erfo rm ed if n o r eferen ce w ere m ade to th e
ap p ro a ch in g c eleb ra tio n o f th e s ix tie th a n n iv er sa ry o f H er M ajesty’s
a c c e ssio n to th e th ro n e. It seem s to be a m a tter o f co n g r a tu la tio n th a t
C anada w ill ou th is o c ca sio n bo rep resen ted in L ondon by a g en tlem an
so in tim a te ly co n n ected w ith th is Bank, and so w e ll q u a lified to do ju s ­
tic e to th e in ter e sts o f C anada, a s Sir D o n a ld Sm ith, the H igh C om m is­
sion er. E v er y m em ber o f both p o litic a l p a rties w ill g la d ly agree th at in
Mr. Laurier th e r ep re sen ta tio n o f C anada w ill n o t suffer in com p arison
w ith a n y o th er portion o f th e Em pire, e ith e r iu c h a ra cter or g r ea t q u ali­
tie s. T he o c ca sio n is o n e w hich iu th e v ery n a tu re o f th in g s is e x tr em ely
u n lik e ly e v e r to recur, a n d m ay w e ll be c eleb ra ted w ith e n th u sia sm
a n d rejoicing w h erev er the n a m e o f E n g la n d is kn ow n . S e n tim e n t has
n o p la c e in tlie a d m in istra tio n o f a ban k, b u t sen tim e n t, n e v e rth e le ss,
on ooca sio n g iv e n , b rushes a sid e a ll person al in ter e sts, aud rules w ith
o v e rp o w er in g force th e in d iv id u a l and th e n a tio n a lik e. It s e ts fleets
and a rm ies In m otion , and sw a y s th e d e s tin ie s o f w hole r a ces o f m en
au d th e m ig h tie st em pires. G lo ry in g a s w e do in th e a c h ie v e m e n ts of
th e grea t p eo p le o f w hich w e form a part, and in th eir h isto r y w hich is
our h isto ry , w o can a pp roach our b elo v ed so v er e ig n w ith h e a r tfe lt
co n g r a tu la tio n s n u d lm in ish ed b y d ista n ce in in te n sity or sin cerity . We
c a n r ec a ll w ith j u s t pride th a t d u rin g H er M ajesty’s r eig n th e p op u la­
tio n o f th e B ritish isle s has in crea sed n early o n e h a lf, a n d th e E m pire,
in area and p o p u la tio n , m ore th a n dou bled, w h ile its co m m erce has
m ore th an trebled. T hese s a lie n t fa c ts ca n e sc a p e th e o b se rv a tio n of
no on e, h a t It m ay n o t b e u n fittin g to r eca ll fea tu res n o t le ss im p ortan t,
b u t lik e th e v icto ries o f p ea ce o ften le ss regarded. DuringJJier ben ef­
ic e n t reig n , th e a d v a n ce s in a ll th a t m ak e for th e w ell-b ein g o f e v e r y
c la ss o f her sub jects h a v e b een beyon d a ll preced en t in th e p a st. Cruel
an d u n ju st la w s h a v e b een rep ealed , freed om o f sp eech has disarm ed
and b an ish ed sed itio n , an d th e p rod u cts o f e v er y clim e h a v e b een laid
un der trib u te to m in ister to th e co m fo rts a n d m a teria l en jo y m en t of
th e m asses. The sic k a n d th e w ound ed poor a re sy ste m a tic a lly tei.d ed
'with zea l and lo v in g care, w h ich is arm ed a g a in st d isea se and pain and
•death b y scien tific d isc o v er ie s m ig h tier th a n a ll p rev io u s a g e s o f th e
w orld can p a ra llel. P r ev en ta b le d ise a se h a s b een g ra p p led w ith an d
th e sp a n o f hu m an life prolonged. T he b on ds o f tn e sla v e th e w orld
o v e r h a v e fa llen , and w h erev er th e B ritish fla g flies, th ere is pro­
c la im e d th e reig n o f lib erty , o f la w a n d s e ttle d righ t. M ighty forces of
n a tu r e h a v e b een im p ressed in to th e ser v ic e o f m an. B team a n d e le c ­
tr ic ity h a v e a n n ih ila ted tim e and sp a ce, th e o cea n h a s been bridged,
th e d e ser t sm o o th ed and th e dark p la c e s o f th e ea rth are d a ilv g r o w in g
le ss. Can w e, th erefo re, h e sita te to g iv e our h e a r tfe lt and lo y a l con­
g r a tu la tio n s to our b e lo v e d so v er e ig n , w ith lo v in g a d m ira tio n for her
lif e an d work, for her u n w a v e r in g d e v o tio n to the o nerous d u ties of her
sta tio n , for her u n flin ch in g cou rage, her s te a d fa s t a d h eren ce to con­
stitu tio n a l ru le, her u n riv a lled p e rso n a l in flu en ce am o n g th e so v er e ig n s
o f E urope, a b o v e a ll for a life g iv e n to a ll th a t i s n o b le and ju s t and
good. G od s a v e th e Queen.
______

1127

of m an y o f our in stitu tio n s w ou ld n o t h a v e ta k e n p la c e if th e r e h ad
b een r o ta tio n on th e p a r t o f th e D irectors. W hen g e n tle m e n w e re
e le c te d y e a r after yea r, th e y w ere a p t to g e t in to a groove from w h ich
it w a s a lm o st im p o ssib le for th em to e x tr ic a te th em se lv e s. T he ro ta tio n s y ste m w ou ld o b v ia te th is, and w ould be a stim u lu s to e a ch
D ir ec to r to th orou gh ly q u a lify h im se lf for th e p o sitio n of P resid en t.
The C hairm an—On b e h a lf of th e B oard I w ou ld rep ly to tw o or
th ree p o in ts on w hich Mr. C raw ford tou ch ed . A s to our n o t s ta tin g
th e gross profits an d en a b lin g e v er y sh areh old er to e stim a te w h a t t h e
lo s se s h a v e been an d h ow th e y cam e ab ou t, th a t h as b e e n th reshed o u t
p r e tty fu lly p r e v io u sly an d I do n o t th in k th a t I n eed tou ch up on it.
I h a v e n o t ch an ged m y v ie w s on th e m atter an d I s e e th a t he h as n o t
ch an gf d his. W ith regard to th e la s t p o in t on w h ic h ho to u ch e J, th e
c om p u lsory retir em en t of a p o rtio n of th e B oard and r o ta tio n o f m a n ­
a gem en t, I th in k th ere is a g r ea t d istin ctio n to be draw n b e tw e e n th e
m an a g em en t of su ch au in s titu tio n as th e B a n k of M on treal an d som e
oth er in s titu tio n s in w h ich th e se r v ic e is o f a m ore p e rfu n cto ry char­
acter. I a d m it th a t in so m e in s titu tio n s it h a s b een a b so lu tely r eq u is­
ite to m ak e ch an ges, and I m y s e lf h a v e a d v o c a te d th e m a tte r m o st
str en u o u sly , b ec a u se th e in stitu tio n s, un der th e co n tin u o u s con trol of
one c la ss of m in ds, had g o t in to a c on d ition of dry rot. In som e in s titu ­
tio n s in th is c ity th e p rin cip le o f ro ta tio n w a s in tro d u ced to th e g r ea t­
e s t p o ssib le a d v a n ta g e .
B u t in th e B a n k o f M ontreal I c a n
c e r tify th a t th e D ir ec to r s g iv e a p a in sta k in g a tten tio n to th eir
d u ties, and after a w h ile th e e x p e rien ce th e y g a in m ak es th em
m ore v a lu a b le to th e B an k an d m ore v a lu a b le to th e re­
m ain der of th e Board.
T his w o u ld b e lo s t if th eir c o n n e c tio n
w ith th e in s titu tio n w e re ab ru p tly te r m in a ted a t a c er ta in period.
In th e m an a g em en t o f a ban k y o u m u st h a v e m en w ho are a c tiv e ly e n ­
g a g e d in b u sin ess. If you w a n t r ea lly v a lu ab le op in ion u p on cu rren t
e v e n ts in th e b u sin ess w orld, y o u m u st h a v e m en n o t o n ly o f p a s t e x ­
p erien ce, bu t o f p r e se n t c o n ta c t w ith b u sin ess, if y o u lo o k over th e
b u sin ess com m u n ity iu th is c ity y o u w ill s e e th a t th e nu m ber of m en
e lig ib le 10 th e p o s t o f m a n a g em en t o f th e B ank of M ontreal, and w ho
are a t th e sam e tim e shareh olders, is v a s tly lim ited . N e a rly e v e r y on e
th a t p o sse sse s th e req u isite c a p a c ity is e n g a g e d in som e o th er ban k,
an d it is a d elic a te m a tter to in v ite a D irecto r o f a n oth er B a n k to
aban don th a t B ank an d com e to u s. T he ch oice is, th er e fo r e, ex tr em ely
lim ited , and th e s u g g e stio n w ou ld h a v e to he v e ry c a re fu lly con sid ered
b efore it w as adop ted, a t le a s t h e a r tily b y m y se lf, fo r one. I do n o t
k n o w th a t Mr. C raw ford is a b so lu tely r ig h t w ith regard to a n y la rg e
m ajority of th e E n g lish B a n k s d e c la r in g th eir gross profits an d lo s se s
in th eir a n n u al sta te m e n ts. On th e con trary, I am in c lin ed to th in k
th a t som e o f th e la r g e st do n ot. H o w e v e r . th a t m ay be, it w o u ld be in
th e h ig h est degree in c o n v e n ie n t fo r th is
in s titu tio n , w hich
p o sse sse s o v er fo r ty a g e n c ie s b e tw een th e A tla n tic an d th e
P acific. I f
su ch
a sy ste m
w ere
adopted,
a
la rg e
pro­
p ortion o f th e r esu lts w ou ld h a v e to h e ta k en b y gu ess-w ork ,
for ft ta k e s th e g r ea t p a rt of a m on th to r e c e iv e th e rep orts from
th e va rio u s a g e n c ie s, and in th e fin al a d ju stm en t of a c co u n ts for th e
year and th e d ec la r a tio n of a divid en d , th e la s t m ou th h as to he ta k en
by e stim a te . T his has to be don e for tw o reasons: 1, Out* d iv id en d is
d eclared som e tim e in ad van ce; 2, th e fin al e x a m in a tio n of th e a c­
c o u n ts from th e variou s a g e n c ie s is n o t to han d. T herefore, if y o u
had q u a rterly d ivid en d s, th e y w ou ld be tru e as regard ed tw o m on th s
ou t of th e three; th e y w ould be g u e sse d iu th e th ird . I th in k , ap art
from a n y o th er c a u se, th a t it w ould be a dan gerou s, if n o t an im p o litic
th in g to con sid er q u a rter ly d iv id en d s. I can on ly s a y th a t th e D irec­
tors h ave stra in ed e v e r y effort to c o n d u ct th e B ank w ith d u e regard to
econ o my, and 1 am sa tisfied th a t it is so con d u cted .
Tne G eneral M anager, iu r ep ly to Mr. C raw ford’s rem ark th a t a ll th e
E n g lish B an k s g a v e a s ta te m e n t o f th eir w o r k in g e x p e n s e s , sa id th a t
lie did n ot th in k th a t th e B an k o f E n g la n d did so, a n d th a t he h a d b e ­
fore him a s ta te m e n t o f th e N a tio n a l P r o v in cia l B an k of E n g la n d , one
o f t lie la r g e st B an k s in E n glan d , w h ic h c er ta in ly d oes n o t g iv e su ch
in form ation
T he m o tio n fo r th e a d o p tio n o f th e rep o rt w a s th e n agreed to u n a n ­
im ou sly.
VO TES O F T H A N K S.
Mr. H eotor M ack en zie m oved:—
T hat th e th a n k s of th e m e e tin g he p r e se n ted to th e P r e sid e n t, V iceP r e sid e n t an d D irectors fo r th eir a tte n tio n to th e in te r e sts o f th e
B ank.
T his w a s sec o n d ed b y Mr. F. T. Jud ah, an d a d op ted .
Mr. W. W. O g ilv ie m oved:—
T h at th e th an k s o f th e m e e tin g bo g iv e n to th e G en eral M anager,
th e in sp ecto r, th e m a n a g ers an d oth er officers o f th e B a n k fo r th e ir
se r v ic e s du rin g th e p a s t year.
In su p p lem en tin g th e m otion , Mr. O gilv ie rem ark ed t h a t h e h ad
o c c a sio n to m eet th e officers of th e B an k fr e q u e n tly , a n d h e h ad
a lw a y s adm ired th eir lo y a lty to th e in s titu tio n . H e th o u g h t t h a t the
B ank had r eason to be prou d o f its officers.
Mr. E . B. G reen sh ield s seco n d ed th e m otion , an d ad d ed h is t e s t i­
m on y to w h a t Mr. O gilv ie had sa id as to th e lo y a lty an d a b ility o f th e
officers o f th e B ank.
T he m o tio n w as u n a n im o u sly co n cu rred in.
The G en eral M anager—I h ave to th a n k you, on b e h a lf of th e officers,
for th e very kin d w a y in w h ic h y o u h a v e sp ok en of th eir s e r v ic e s to
th e B ank. I h a v e to r eg r e t th e lo ss th is y ea r o f tw o good m en, M r.
B rou gh , o f T oronto, an d Mr. P lu m m er, o f S tratford , b o th v e r y v a lu ­
able m en, w h ose lo ss I fe e l v e r y sev e r ely .
Mr. A le x . M itchell m oved:—
T hat th e b a llo t n ow op en for th e e le c tio n o f directors be k e p t op en
u n til th ree o ’clock , u u less fifte en m in u te s e la p se w ith o u t a v o te b e in g
ca st, w h en it sh all he closed , and u n til th a t tim e, an d fo r th a t p u rp o se
only, th is m e e tin g be con tin u ed .
T his w a s seoon aed b y Mr. F. II. Sim m s and u n a n im o u sly carried.
On th e m otion of Mr. J o h n M orrison, sec o n d ed b y Mr. J o h n C raw ­
ford, a h e a r ty v o te o f th a n k s w a s accord ed to th e chairm an.
T H E D IR E C T O R S.
The b allot r esu lted iu th e e le c tio n o f th e fo llo w in g g e n tle m e n : R. B.
A n g u s, Esq.; H on. G. A. D rum m on d; A . F. G ault, E sq.; E . B . G reensh ield s, Esq.; \V. C. M cD onald, E sq.; H u gh M cL ennan , Esq.; W. W.
O gilvie, Esq.; A. T. P a terso n , Esq.; Sir D . A . Sm ith, G. C. M. G.

T he P resid en t and V ice-P resid en t w ill in th e ord in ary course o f b u si­
n e ss be ele cted a t to-day’s m e e tin g o f th e B oard o f D irectors.
T H E D ISC U SSIO N .
Mr. J o h n M orrison, in r isin g to sp eak on th e report, referred to th e
d e a th o f Mr. J. H. R. M olson , w hom he sp o k e o f a s a m an o f a q u iet
and r etir in g d isp o sitio n , w ho did n o t ta k e the p art in c iv ic or p o litic a l
life th a t h is a b ilitie s e m in e n tly fitted him for. T h ey m u st a ll feel,
e v e n th o se who w ere o n ly s lig h tly a c q u a in te d w ith him , th a t th ey had
lo s t, in bis death , a p erson al friend.
T he chairm an m o v ed , sec o n d ed b y Mr. H ugh M cL ennan, “T h a t th e 2 7 & 2 9 P I N K S T R E E T ,
NEW YORK.
rep o rt o f th e D irecto rs n o w read he a d o p te d a n d p r in ted fo r distrib u ­
6 5 S ta te S tree t, A lb a n y ,
tio n a m o n g th e sh a reh o ld ers.”
INVESTM ENT SECURITIES.
Mr. Joh n C raw ford spoke in fa v o r o f th e sh a reh o ld ers b e in g m ade
a c q u a in te d w ith th e g ro ss profits and g r o ss lo sse s, and s ta te d th a t
th e hanks in E n glan d and so m e oth er p o rtio n s o f th e B ritish E m pire
a KOBO* B A RC LA Y MOFFAT.
ALKXANDEB M. W H IT S , JB
w ere ob liged by th eir c o n stitu tio n to g iv e th e gross r ec e ip ts. H e sug
g e ste d tw o w a y s o f In creasin g th e d iv id e n d s : 1, b y eco n o m y In th e in ­
M o f f a t & W h i t e ,
te r n a l m a n a g em en t o f th e ban k, if th a t w ere p o ssib le ; 2, b y p ayin g
sm a lle r in ter e st on th e en orm ou s d ep o sits. H e advocated, th e p a y ­
BANKERS,
m e n t o f q u arterly d iv id e n d s, and co n sid e re d th a t th e B a n k in g A ct
sh ou ld bo am ended in regard to th e e le c tio n o f bank directors, who N O . 1 N A S S A U S T R E E T ,
N E W
V ORE
sh o u ld hold office by ro ta tio n for a s ta te d term . H e desired th a t
INVESlIvtENT S E C U R I T I E S .
th e D irecto rs w ou ld c o n sid e ra b le , an d w e n t on to sa y th a t th e failure

S p en cer T rask & C o .,
BAN KERS

THE CHRONICLE.

1128

MH discount, selling par ; Charlftston. buying par, selling
premium : Mew Orleans, bank, §1 SO premium; commercial,
2So. premium; Chicago. 03c, per $1,000 premium; St.. Louis.
50©*?5e. per si ,000 premium.

r h x j a n k e r s ’ (<5a*ettje.
I)IV

I i» S M

Per
V ent

» f ffampw m%*

b m

tipijrwailli'

),

mgw

■
€*$ite* m* p MfcBttv A Out. j.vruf.,.
C li'r. A \\> m .. ItttL miwnr , i ...... .
$** Hvtm * A- F t. DixU-i- pr<*(...
I: j»t M»h*l
. . . . . . . . . . ..... 1
MtH kMiiimn
» ,v st. i.. i «i p rrf.
tto “2d p i e l. . . .
f*9
II , (cpinr.)........ .
K
©
do t f x ir n i............ |
m
H it ik SnV. pri ’ f . |
Itoek IftlBIH A J V o r l* .................1
str u c t lt a l] w » ; » .
OapH#i» fm etim <W«#sh... i>. C .> .;
T ru#« ( o u ip u t ile * ,
ckrr ,
..... .......
M um ifarttiw *’. Brooklyn... . . . . .
in-''

life .

Duiietl States Bonds.—The market for Government bonds
has been dull but firm Sales at the Board were limited to
$23,000 is. reg., 1007, at 110}.^ to ItO’i ; S4'00 4s, coup,,
| 1807, at 112^ . and .*10,00'! is, coup., 1935, at 13l»| to 124J£.
Following are closing quotations:

H*Acn i
Boaktelottil.
P a y a b le ,' I D a y s in e lu tite .)

6 A «c
3 July l J u n e 1 6 t o J u n e 3 0
AUg. •>o:------- to --------in, Ju ly r — _ _ to ———
Aug.
0
—
2H June » ' ---------------- t o
1 J uly 1 i J u n e 1 7 t o J u l y 1 2s. ...
re*
2%* July l S I J u i y l t o J u l y 1 5 4k, ,;.0 7 .
rt,«
i%<
i a . 1 3 0 7 . . . . .font*.
i%t July
is , 1925..............reg,
------ to —-------3 s
4 b , 1 9 2 5 ............Coup,
J u n e 22 to Ju ly
July
i
5 s , 1 9 0 4 .................. r e g .
2*8 Ju ly
------ to --------5 b, 19 0 4 ....... . coup
6s, tmr'L.y,‘88...?eg,
60e. Ju ly
l June 14 to Ju ae30 6s, p n rV y .’SO .-.ft ..
4a, (Cb6r.)lS98.reg
Ju ly
1 June 22 to Ju ly 1 4s,!Cher. )1899.n?g,
3
Ju ly
2
) ‘June 26 to Ju ly 1
81-*4>• July

2 June 17 to July

2

3% )

Caiomct A B e d * M in lo f. . . . . . . . $ 1 0

the sentiment which prevails in Wall Street, the trend of
affairs having a direct influence upon the future business
situation has been chiefly in the right direction. Mostprominei t <f ih< se *flairs is the tariff bill, with which a reason­
ably progress has been made, and the probability of an-early
passage of ti e measure hue increased.
Meat in order, arid possibly first in importance in stinmluting the optimism which is increasing m financial circles,
is^the expectation that before the extra session of Congress
closes a <tn reiicy commission will be appointed, and thus
the first step towards correcting Ibe greatest hindrance to
substantial yn eperity will have been taken.
7be beiti r teeling referred to is shown in a broadening
market and higher prices for securities of all classes at the
Stock Exchange, 'tin- new Government 4s have sold this
week at the highest prices yet recorded for them, and offerbeen readily absorbed. With
tic- low rates of discount now lulirg abroad, investments
are receiving more attention there and purchases for the
foreign account are increasing in this market. No gold has
been exported thus far this week but §260,000 has been en­
gaged for shipment to-morrow.
The open market rates for callloanaon the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 to IF percent. To-day’s rates on call were 1 to 1%
per cent. Prune commercial paper is quoted at 3 to 4 per oent.
The Bank of England weekly statement on Thursday
•bowed a decrease in bullion of £244,071 and the percent­
age of reserve to liabilities was 50-55, the same as last
w-ek ; the discount rate remains unchanged at 2 per cent.
Toe Bank of France shows an increase of 1,000,000 francs
in gold and a decrease of 2,500,000 francs in silver.
Fit he New 4 ork City Clearing-House banks in their statement
at, t a s u r p l u s o v e r t h e r e q u i r e d r e s e r v e o f $45,320,825, a g a i n s t
$46 016,1) 0 t h e p r e v i o u s w e e k ,
1807.
5,

J M J T e r c n 'e f r 'm
} ‘r c v , w e e k .

,

1890
6.

June

:
[

1895.
J u n e 8.

I
|
|
$
!
t u 022,700
................
| 61,122,700 62,622,700
7 4 801.0 K
..............
1 74.(101,100 7it,302,700
( 11-it 1>■,700 1lie .4,4(19,000 470.819,0(10 503,4 37,( 00
M ,322,300 Dee,
0.700 14,72,*>.300 13,233,500
581,255,100 ln c .5 ,655,100 497,1 80,1100 565,996,800
i9,«10,!-00 l n e . 331,700 61.808,500 70.786,800
1 0 1 ,3 .3 ,7 0 0 Dec. 213,100 80,972,800 110,383,300
l«0,C 34,«f!0 Inc . 1 1o,500 142,781.300 181,187,100
Lfiful fWK*rre.... 14 5,813,776 Due.1,413,775 124,295,000 141,430,200

0*9$ utfL*,
Burptw*....... .......
|U»*itp. ai onte'ntf1.
0!fi©«lwfton. . . . . .
d ftp o H t* ....,

45J(VO,s25 Dec 1,2HS,*275 18.486,300 80,667,000
F t.
tif ti

gtt Exchange,—JDulness has been the chief feature

foreign exchange market during this week. It is

4 that the supply of grain bills is slightly increasing,
re u n c h a n g e d .

vVact mil rates of exchange were as follows: Bankers,
*H-ri'0R> 4 8 r/j-'M SO; demand, 4 87@4 67& ;
■ > '<

• f le n d in g b a n k e rs fo llo w ;
Ju n e l l .

U M o.h
Q .-J» n
Q t.:au .
0 , - 1 eb
q .-F o b .
li-F e b .

* !»« S* 6 6
110% 110%
• i l , % * .1 %
*121% *124%
* 1 2 4 % *12-1%
*114% *113%
Q .- F e ll. ■ m % * 1 1 3 %
*1' I s * l t l .
J
v j *1< 4 % * 1 0 4 %
M a r c h . *101 % - 1 0 1 %
M a rc h . *101% *101%

June ' June
' S.
j 9;
* 98
U M l
112%
*124%
124%
*113%
*113%
1"1%
*104%
*101%
♦ U l%

Ja m - ! J u n e
lu

S 11.

t0
U0<tj 110%
112 J 12%
124% ' 124%
121% 1 2 4 %
15H%‘ 1 1 8 %
113%
io m ’ 101%
104%
lot % 101%
1Cl % 101%

* 28
06 i
*!10% :
112% !
%
*12*% !
124%
*11 %
" 1 1 3 % i 113%
*101 %
* 1 0 4 % 104%
*10) %
* 1 0 3 %l

United States Sub-Treasury,—The following table shows
the daily receipts and payments at the Sub-Treasury:

July
7j---------- to
B dlioo Elec, I*.!.- Br'JcSjii cquar.}
1% July 15 |Iu !y 1 to Ju ly 15
O
1*. l^»rUt«id p t t f . <qxinr. ) . . . . . . . .
1 June 20 to June 30 Date,
July
$3
June s o ; -------------t o ----------------T*m uracil
....... ...
Wcl*t>acli 1 lain ujunrd....... ........• 20
June 25 June 20 to Ju ly !>
I'i i is Tr>N‘i». (guar.). . . .
IS Ju ly lS iJu n e 20 to June 30 June 5
“ 7
W A R D S T ltE E T , F R ID A Y , J t ’NE I I , 1 8 9 7 —5 1*. M.
** 8
The Money Market and Financial Situation.—While “ 9
ahsi< st nothing new has transpired during the week to affect ““ 1i 0l

Jane

In te r e e l J u n e ! J u n e
P e r io d *
5.
|
7,

* T h is !a th e yrlos iUl vt van til If ii l 11= uaaca, au sat© tv a,, ., 1.. .

» ili r r i l s n i o t i * .

A® . Sugar B tf. com. (qnar I---Lit*
do
y»r* f c<|w»r*i...-.!
Do
do
i*r* f. (Mmi-ali.) .i

[You LXIV,

S ixty Bay*.

B m ia n d

riiiiK liills ou London.. I 8 8 7
4 88
4
# 4 85%
4 84%
85
Aftfcftr**) fra
5 u m (#r§ io^« » 1 4 1 * „ ® 5 15
A
znXM
iO%940»Jfl ' 40Ma*40»s
Wr% xktnr- -.r Prvnn
85
95»ifl®9ft»8

' I rates of domestic exchange on New

anti ined cities to-day: Savannah, buying

Receipt*.

P aym ent«.
$
2,491,069
2,3=8,257
2,676,4 9 '
2.820,579
2,856,707
4,160,258

*
2,181,11s
2,451,312
2,323,982
4.964,658
4,"l 6.04s
5,651,921

Tom ?1 21,7^9,039

Ooin.
$
132,988 ,= 8 8
133,019,553
133,024,507
135,005,263
130,991,570
138,4=10,774

lla ltm cet.
Cain Oerl’s. C urrency.
.?
1
1,6=7,610
1.872,164
1,VI 2 ,-1 *•
2,011,473
1,866,881
1,878,701

17,393,365’ .................. J ................ ...

S
66,562.078
05,459,807
65.101,992
65,026,35!)
64,538,985
64,604,1.25
....................

Coins.—Following are the current quotations in /o- <

coins:

Sovereigns........... $4 8 8

® $4 91

Napoleons........ 3 86 ® 3 92
® 4 81
25 Pesetas......... 4 77 * 4 81
X X Kelokmar&s. 4 79

P in e silv e r b a r s .. — 60 ■» — 10%
F ive fra n cs.......... . — 90 a — 95
M exican d ollars.. — 47 ® — 48%
P eru v ia n s o le ........ — *2 % » — 48%

Span. Doubloons.15 50 ® 15 70
E nglish s ilv e r ..., 4 8 6
Max. D ou b loon s.15 50 -»15 70
IJ. 8 . trade d ollars — 60
F ine gold bars . . .
par ® % prem.

ID l 90
a — 75

State and Railroad Bonds.—Sales of State bonds at
the Board are limited to $l,oi0 Alabama Glass B at lOOJ^.
The market for railway bonds has responded to the evi­
dences of reviving prosperity, which are daily becoming
more pronounced, by increased activity, advancing prices
and a broadening tendency. The supply of high-grade bonds
is not equal to the demand and the market is practically
bare of this class of securities. The most marked advance
in the active list is noted in Fort Worth & Denver City
and Oregon Short Line & Uiah Northern issues, which
amounts to 3% and 4 per cent respectively. Central of New
Jersey general 5s have made a further advance of
per cent. Erie prior lien 4s, general lien 3s, Northern Pacific
geneial lien 3s, Oregon Railway & Navigation, Reading gen­
eral 4s and Texas & Pacific lsts are cn the list of bonds which
have advanced 1 per cent or more. In addition to the above
the active list includes Atchison, Chesapeake & Ohio, Erie,
Missouri Kansas & Texas, Burlington & Quincy, Rock
Island. Milwaukee & St. Paul, Mobile & Ohio, Oregon Short
Line, Rio Grande Western, St. Louis & San Francisco, San
Antonio & Aransas Pass, St. Paul Minn. & Manitoba, South­
ern Railway and Wabash bonds, several of which have ad­
vanced nearly one per cent.
Railroad and Miscellaneous Stocks.—An increasd activ­
ity has developed in the stock market this week, which
bears evidence that interest in Stock Exchange transactions
is not confined so exclusively to Board Room traders as it has
recently been. Stocks of all classes have continued to ad­
vance, notwithstanding the vigorous and persistent efforts
of the bear element to bring about a reaotii n, and in some
cases, including Burlington & Quincy, Rock Island, North­
ern P.'bifie preferred, Reading, American Sugar, Chicago
Gas, National Lead and a few less important stocks, the
highest prices of the year have been reerded.
First dividends on the reorganized Oregon Railroad & Nav.
and St. Louis & Ban Francisco first preferred shares have given
prominence to these lien t ofore inactive stocks. Tlie course
of the coal stocks has changed, as was noted at the close last
week. On Thursday Central of New Jersey sold at 80}£, a
gain of 8 points within a week. At the same time Delaware
& Hudson and Lackawanna had advanced Band 3% points
respectively and the upward movement has continued to­
day. Manhattan Elevated was strengthened by a declara­
tion of the regular dividend.
Some of the internationally listed stocks have been largely
dealt in, and Louisville & Nashville, Northern Pacific pre­
ferred and Southern Railway preferred have advanced from
114 to 4 per cent under the nioveim nf.
Of the miscellaneous list American Sugar has been most
conspicuous, and advanced over 8 points" on an active de­
mand, stimulated by tariff prospects. Western Union gained
3 per cent ou the issuance of its favorable quarterly report,
and the announcement of the regular dividend. American
Tobacco, General Electric, Tenn, Coal & Iron Railway, Na­
tional Lead and United States Leather preferred have
advanced an average of nearly 3 per cent,

THE CHRONICLE.

J une 12, 1897.]

1129

NEW YOKE STOCK EXCHANGE—A C T I V E S T O C K S f o r week ending JUNE 11, a n d sin ce J A N . 1, 1897.
H IG H E S T A N D LOW EST PR IC E S.
S atu rd ay,
J u u e 5.

M onday,
J u n e 7.

T u esd a y ,
J u n e 8.

W ednesday,
J u n e 9.

T hursday,
J u n e 10

F rid ay,
J u n e 11.

S ales of
R ange fo r y e a r 1897.
th e
[O n b a rts o f lo o -s h a r e lo lt.J
W eek, 1--------------------------------------—
Sh ares. |
L ow est.'
H igh est.

A c tiv e R R . s to c k * .
12
12% A tc h iso n T opeka & S an ta Fe. 1 5 ,8 8 5
9 V A pr. 19 12% Mar. 3
Do
p r e f. 4 3 ,4 2 7 17 A pr. 19 25% Jan . 3 0
23-% 24%!
%j A tla n tic & P a c if ic .....................
%
..........
V A pr. 7
V J a n . 14
10% 10 % ; i o " 10 %|B altim o re & O hio.....................
3 ,2 5 0
9 V J u n e 4 18 Jan. 8
21
20% 2 L
213s B rook lyn R apid T r a n sit..........
3,8 0 8 18% Jan. 7 21% Fell. 11
62 % 62 % C anadian P a c ific ..................... .
*61% 62
1 ,2 0 0 4 6 V M ar. 29 62% J u n e 11
49% 50%
50
51% C anada S ou th e r n .......... ............
7 ,4 2 5 4 4 V Jan . 13 51% Mar. 1 7
77% 80%
78% 80 %'Central o f N ew J e r s e y .. . ........ 4 7 ,1 1 5 68% M ay 24 103% Jan. 1 9
10
1 0 C entral P a cific...........................
*9
10
50 0
7% Apr. 20 15 Jan . 5
17% 17%
17% 17 %!C hesapeake & O hio...................
5 ,1 1 5 15% Mar. 29 1 8 V Mar. 15
......................!C hicago <fe A lt o n ..........................
..........5150 M ay 2 4 4170 Mar. 1
795 b 80%
79% 80% C hicago B u rlin g to n & Q uincy 1 1 5 ,0 6 2 69% Jan . 5 8 0 V J u n e 1 0
*37
39
*37
4 0 jC hicago <fc E a ster n I llin o is ...
100 37 % J u n e 7 4 5 M ar. 13
*95
98 I
Do
pref
*95
98
5 5 95 Jan. 8 49 8 V F eh
3
77% 78%. 77% 78% ,C hicago M ilw au k ee & St. Paul 1 1 2 ,7 3 8 69% Apr. 19 78% J u n e 1 0
Do
p re f.
1 3 4 134% 134% 135%'
3 ,4 4 2 130 V M ay 6 138% Mar. 18
109 IO 934! 108% 10»% ;Chicago & N o r th w e ster n ........ 29,440,101% Apr. 19 11 1 J u n e 5
.—
. . . ------- — . .
Do
pref
100 j i 53 Jan . 1 2 1 5 7 J u n e 9
69% 70%
69% 70% C hicago R ock Isla n d & P acific 6 4 ,8 1 5 60% Apr. 19 70% J u n e ID
58% 59% 58% 59 C hicago St. P a u l M inn. & O m . 1 2 ,9 7 5 4 7 Jan. 2 64% Mar. 17
>140 1 45 §141 1 43
Do
pref.
1 60 133 % Jan. 18 1 4 3 Mar. 29
23
23% *23
2 4 C leve. C incin. Ohio. & St. L .. .
7,22S| 21% J u n e 1 33% M ar. 17
...................... _ , D o
pref.
..........' 7 3 Jan. 4 8 0 M ay 6
§3
*2 %
*2%
3
*2 % 3 C oluinbns H o o k in g V al. & Tol
150
1 % Apr. 30 18 Jan. 8
* 2%
*2V
........ ..............
Do
p ref.
.
.......... 4 0 Jan . 21 4 6 Jan . 21
105 105% 104% 105% 104% 1043* 1 0 4 1053a 105% 1 0 7 7e 1 07 108 % D e la w a re & H u d so n .................. 13,444: 99% Apr. 1 121% Jan . 6
*146% 148 |§148% 148% 148% 1 4 8 % : ...................... J 149% 150
1 5 0 V 1 5 1 V D ela w a re[.a o k a w a n n a * W es!
3,3041146% M ay 20 157% Jan . 1 8
*10V 1114 D en v er .fe Rio G r a n d e ..............
. *iov
..........I 9% A pr. 2 0 12% Jan . 1 9
39V 40 !
Do
prof.
39% 39%
39% 39%
.....................I 3 9
3 9 V §38% 38%
2 ,2 1 0 3 6 A pr. 20| 43% Feb. 1
133s 13 % 1 4
14% *14V 14% Erie
895; 11% Aur. 19, 15% Jan . 18
.....................
13 V 1 3 V ! *13
1 3 4i
Do
34
34
33
3 3 | 33
34
971| 2 7 A pr. 19' 35% Jan . 18
3 2 4 i 3 2 V 533
3 3 V .......................
1 s t p r e f.
Do
"18% 20
18% 18% *18% 19
20
......................
19
20
4 8 0 15% M ay 24 21 Jan . 15
2d p r e f.
•18
100 20 J u n e 8 :§24% F eb . 13
23 EvarjaviUe A T erre H a u t e ...I
25 I 20
20
-1 8
23 I *18
23
*20
2 5 | 20
12 0 125 G reat N orthern, p ref.
1 2 0 1 2 5 *120 125
*120 125 1*120 1 2 5 *120 125
120 Jan . 16 122 Feh. 5
9
7
1,7 7 5 91% A pr. 19 9 8 J u n e 1
■ 9 7 I llin o is C en tral............
97% §96% 97%
97% *96
97% 97% 9 7
97% *96
7 V I o w a C en tral.
100
•7
*6 %
6% 6% *6% 7% *3% 7%'
7
6 A pr. 15
8 Jan . 1 6
7V
24 I
Do
175 2 3 J u n e 8 2714 Jan . 20
*23
25 I 23
23 | *22
25
*23
•23% 2 5 j 524
25
p ref.
] 1i.j iviikeE rie * W estern.
*13% 14%' 1 4
1,025 13 M ay 11 18% J a n . 18
14% I 14
14
14
14 ! 14
§14
14
462V
VL . D
o
462
210 5 3 \ i A pr. 1 70% Jan. 2 0
*61% 64 | *62% 6 4 | *62% 64
*60
64
6 2 i 46
2V 62
62V
do
p r e f.
1,782 152 Jan . 2 172 Mar. 1
169 169% 1 6 9 169
1 7 0 •170 I 170% 1 7 0 V iL ake Shore <Ss Mioh. Sou thern
§168% 168% 1 6 9 169
...................... ILong
Islan d .
4 0 ,! .......................r
42
42
3 00 4 0 Ju n e 1 0 55 Jan. 8
40% 40%' *40
44
40
*40
50
........................................
.
4 3 ,373 40% A pr. 19> 52% Jan. 1 9
48% 49
48% 50V ; 49% 50% !L ouisvllle A N a s h v ille ....
48% 48%
4 7 7s 48%
4 7 7a 48%
3 6 ,223 81% M ay 6; 93 Mar. 2
85% 85% 84% 87%
86 % 88 i 86% 87% 86 V 87% 86% 87% M anhattan E le v a te d ,o o n so l
1,555 99% M ay 3 110% Jan . 5
109% 1 1 0
110 % 1 1 0 % ‘ 109 110
109% 1 1 0
1 0 9 V 109 V 1 0 9 V 109% M etrop olitan T raotion
325 9 0 Jan . 28; 100 Mar. 1 5
99 %i ...................... |M ichigan C entral.................
99
§98
100 16 M ay 14 19% Jan . 2 9
2 0 v | *19
20
19% 19% *13% 19%:M inneapolis & S t.L o u is .
*19
20
*19
2 0 j *19
76 77% Mar. 18 79% Jan . 18
9
81 j §80% 80 %!
Do
1 st p r e f.
§80
80
§80
80
*79
81
§80V 80%
*47% 48%
49 j *47% 48% *47 V 49
48
48%!
Do
2d pref.
200, 4 6 Feb. 26, 483* Mar. 18
-4 8
4 9 1 *48
1,4 5 0 10 A pr. 19! 14% Jan. 18
12
12
11 % 11% 11% 11 %' 11 V ll'V 12
12 % 12 % 12% !M is80uriK an8as <&T e x a s ...
1 2,372| 24% A pr. 19 32% Mar. 18
29% 29% 29% 30%
29
28% 29%
29%
5c9% 29% 28% 29%
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pref
1 5 V 16%! 1 6 V 1 0 V 1 6 V 17 V
17%
17% 17% M issouri P aciflo.................
1 6 ,2 0 2 10 M ay 6 24% Jan . 18
16% 17% 17
____ *19
§1
_20%
_
__
20 % 2 0
2 0 jM ob lle& O h lo........................
5 7 0 18 J une 3 22% Jan. 12
20%
*19
2 0 ! *19
20
20
20
........ .
YU Jan . 25 § 71 J u n e 8
5 1§970
..........i §71
7711 | ............................................................................
^ ash v.C h attan ooga& S t.L ou Is
*
'37 *_____ 37 ;*____ 3 7 * ........ 3 7 *.......... 3 7 *.......... 3 7 N e w E n g la n d ......................
I§ 4 4 Mar. 18 § 4 4 Mar. 18
100 % 1 0 1 1 1 0 0 V 100%: 1 0 0 ig 10o v 99% 100% 100% 100% 100% 101% N ew Y ork C en tral & H u d son ! 1 1 ,8 0 7 j 92*2 F eb. 18 102 Mar. 22
2 0 0 11 F eb. 11 14% Mar. 15
12
13
13
*11% 13
*11% 13
11% 13
13
*12 % 13% N ew Y ork C h ic a g o & 8 t. L ouis
*60
60
75
75
65
75
75
*60
75 |
Do
1 s t p r e f.
-6 0
73
6758 A pr. 15 75 Mar. 17
*65
2,010 2 4 Feb. 10 3 4 78 Mar. 17
30
30
31
31%
31% 32 j
Do
2d p r e f.
*29% 30% '29% 31
29
30%
181 160 Feb. 2 §178 Jan. 4
*167 168 §169 170% *169% 1 7 1 *169% 170% §170 170% *169% 170% N ew Y o r k N ew H a v e n & H art.
1430 14 % N ew Y orkO ntario <fe W estern.
2,396 12% A pr. 19 153s Ja n . 18
14%
14% 14%
14
14% 14%
14%
14% 1 4 Vl §14V 1 4 V
9% Ja n . 18
1,1 3 5
6% M ay 28
7%
8 N ew York Snsq. <fe W est., new .
*7%
7%
8
8
7%
§8
7V
7V
7% 7%
1,640 18% M ay 20 26% Jan. 18
22% 22%
22
22%i 22% 23% 23% 21 4tf O. ;
22 % 22%
22
22
D
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pref.
11, JtmTXT - i
9 Apr. 19 14% Mar. 11
11
* 10% 11V v o
•1 0 V i l % *10 % 11V *11V 12% *11 %
9 5 6 22% M ay 5 30% J u n e 11
29
29% 30
30
30%
Do
p r e f.
*28
2 9 1 *28
28 V 28 V 2 8 V 28 V
13% 14%
14
13% 13V
13% 13%
153a N ot- P aciflo R y .v o tin g tr .e tfs. 2 1 ,588 11 A pr. 19 163s Feb. 1
13% 14
1 3 V 14
38% 38%
6
8
,509
32*6 Ja n . 5 43% J u n e 11
40%
41
39
%
40%
41%
39
V
43%|
D
o
pref.
38%
38V
38%
6 5 16 J u n e 8 2 0 J u n e 9
20
IK
17
20
20
*18
18 i *13
17
*J3
16
21 Or. RR.<SsNay.Co.vot.tr.otfs. 2,0
3,718
3
7 78 Jan. 8 56% J u n e 9
§55
5
5
|
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p
r
e
f.,
v
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t.
tru
st.o
tfs.
5
0
55%
§55
55
48% 4 9
5 0 V 52 V 5 3 V
50V
4 04 11% Mar. 29 14 Jan. 21
13
13 V P ittsb u r g Ginn. Chic. dsSt. L .
12% 13 V *12
*12
13
*11 % 13V •12
12% 12%
44%
M ay 28 50 Feb. 1
'4
4
*44
4
7
I
D
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pref.
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47
*44
47
47
*44
4 7 | *45
•44
21 % 22% R eading, v o tin g tr. e e r t if s ... 6 6 ,799 116% A pr. 19 22% J u n e 11
2 0 % 20%
21% 22
2 0 V 20%
19% 21
19% 20%
3
3
,602
138%
Apr.
19 46% J u n e 1 0
45%
45
%
44% 4 5 | 4 4 V 4 5
46 V
46V ! 1st pref., v o tin g tr. e e r tifs.
44% 45%
44V 44V
6,918 1 2 2 ^ A pr. 19 28 J u n e 11
2d pref., v o tin g tr. e e r tifs.
26
26% 2 6 V
27% 27% 28
26
25% 26% 27
2 6 V 26%
_____
........... Rio G rande W estern ..................
1 00 §116 M ar. 8 §119 J a n . 18
*118 1 19
I l8
118 •117% 1 1 8 V *117% 1 1 8 V *117% 1 1 8 V *117%
§60% M ay 11 6 2 M ay 2 0
*60
63 St. L ou is A lt. & T. H .,tr.reots
63
63
‘ 60
63
*60
63
63
*60
*60
*61
5% F eb
4
620
4 A pr. 19
5% |St. L. <fc S an F r .. vo t. tr. o tfs.
*5
5
5%
45
5
•5
*5
5V
5V!
5
5V
12,241
3 7 Jan. 29 49% J u n e 11
46% 40%: 4 6 V 4 6 V 4 6 V 46%
47 % 47% 4 9 v |
Ho
1 s t pref.
4 6 V 40% 47
3,531 12 Apr. 15 1 6 Feb. 3
Do
2d pref.
15% 15% *14% 15%
15% 16 I
1538 15%
15% 15%
1 5 V 15V
4% Jan. 18
1 Apr. 1
1,3 5 0
3 V St. L on ls S o u th w e ster n ............
3%
*3
*3
§3V
3V ' *3
3V
3V
3V
3%
3V
3% A pr. 1 11% Jan . 18
1,3 1 0
9
8%
83*
9V1
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pref.
9 |
8V
8%
9V
8%
8%
9V
8%
22%
Jan. 1 3
200
2
0
Jan.
4
22
;8t.
P
a
u
l
&
D
u
lu
th
.
_____
_
22
21
*19
22 ! -3 8
22
22
20
*18
*18
*18
7 5 A pr. 20 § 8 7 Feb. 3
87
*70
87
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pref.
•70
8 7 { *70
87
*70
87
*70
*70
87
1
1
4
Jan.
28
1
18
Mar. 3
*117 121 *118 125
■118 1 2 5 1*118 1 2 5 I >118 1 2 2 *118 1 2 3 |8t. P a u l M inn. <fe M a n ito b a ...
2,4 1 0 13% Jan . 131 15% Jan . 18
15% 15*3 15 V Southern P aolfioO o
14% 14°8
1 4 V 14% 14% 14 3 , 14% 14%! 15
7
A
pr.
19
1
0
Jan
. 16
6,782
9
38
9*3
S
ou
th
ern
,votin
g
tru
st,
o
e
r
tif.
9
9%
9 %:
9%
83,
8%!
83,
9
9%i
9V
28% 2 9 V D o p r e f..v o tin g tr u s t, c er t. 31,991 2 2 7s A pr 19 29% Jan. 19
28% 28°s
27% 28% 27% 2 8 V
2 7 3 , 28%' 28% 2 9 V
8
Apr.
1
10%
Jan
.
18
3,9
3
5
9% T e x a s & P acific
9%
9%
9%
9%
9V
9=s
9V
9V
9V
9%
9V
4% A pr. 19 1 0 Jan. 5
8 U nion Pacttto tr u s t r e o e lp ts.. 2 5 ,3 4 0
73s
7%:
7%
*7
7%;
6%
7V '
7
7 1 7V
7%
1
Apr.
24|
2%
Jan
.
6
2 U n ion P aoilio D e n v e r & G ulf.
2 ; *1%
*1 %
*1V
2
2 I *1 %
2 ♦5IVV 25%: *1V
4% Mar. 29; 7% Jan . 16
1 ,6 7 0
6 W abash.............. . . . . . . . . . . . . . .
5%l *5*3
5%
5%
5V
5%
5%
5*8
»°8
11%
A
pr.
19
17%
J
a
n
.
18
7
,6
8
5
11 % 15
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pref.
14
14% 14%
14%
14
14%' 1 4 V 14%' 14% 15V
% June 1
6% Jan . 2
1,4 8 0
% W heeling & L ake E r i e . .. .
%
1
% 1
%
%l
%
'%
%
2% A pr. 15 29 Jan . 5
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pref.
4
*2%
4 1 *2%
*2%
*2V
3V
*2V
3V
*2V
1 June 3
2% J a n . 6
Wiso. O en.G o.f v o tin g tar. e tfs .
2
*1%
2
*1%
*1%
2
*1%
* 1%
2
I
r ? I i« c e lla iie o u » S t o c k s .
1,2 2 3
9% M ay 28 14% J a n . 16
12
12 ]A m erican C otton Oil C o..........
103, 1 1 V
11% 11%
11V 11% *11% 12%
1 0 V 10V
2 ,0 8 8 52% Feb. 16 59% M ay 11
57%
Do
pref.
57
57% 57% I
56% 56%
5 6 V 563*
*65
55V
55 V 56
9
5,1 0 1
9% A pr. 23 14.% J a n
11% A m erica n S p irits M fg. C o___
103* n % ; 11
1 0 V 103*
10 % 11%
10 V 1 0 %
103s 10%
5
,1 1 3 2 6 Jan. 5 34% M ar. 15
29%
30%j
D
o
pref.
29% 29%
29% 3 0 V 2 9 V 29 V 29 V 29%
2 8 V 29V
1 1 7 V 118V 117% 119% 118% 121% 1 2 1 V 123% 1 2 2 124% 122% 125% A m erican Sugar R efinin g Co. 2 5 4 ,0 1 2 109% M ar. 29 125% J u n e 11
3,7 7 9 100% J a n . 7 107% J u n e 11
107
107% 10758 1070s
Do
pref.
105 10 5 V 105% 1 0 6 V 1 0 6 V 107
1 0 5 105
72% 7 4 jA m erican T obacco Oo.............. 5 1 ,421 67% Feb. 15 79% Jan . 14
72% 743s 73% 75%
71 % 71 a4 7 1 V 733,: 71% 7 2 V
319 1 0 0 F eb . 11 108 M ar. 1 2
Do
pref.
§104 V 1 0 4 V §108 1 0 6 4105 V 105 V 1 0 6 106 §105% 106% §105 106%'
734 Apr. 17 13% Jan . 6
10% 12%; 11% 11% B ay S ta te G a ^ ............................. 1 5 ,8 4 5
1 1 V 12%
9 V 10 Vj 10% n %
9
9V
7
8
,4
1 4 73% Ja n . 5 8 7 % J u n e 5
86%
87 I 86
80% C hicago G as Co., certs, o f dep.
5
86% 85% 86%
8 6 V 873s! ■ 8K
86* b 8 7 V
2,3 2 9 136% Jan. 2 164 M ay 7
1 6 1 *s 1 6 2 ! 161 161% C onsolidated Gas C o m p a n y ..
160% 1 6 0 V 5160 V 161
1 6 0 1 6 0 V 1 6 0 160
32
3 3 V i 32% 33% 33% 34% 3338 33% G eneral E le ctric O o................... 1 9 ,7 4 0 28% M ay 17 36% Feb. 2
31% 323,
3 1 V 313,
19,552 21% F eb . 16 29% J u u e 10
28% 28% N a tio n a l Lead C o..
28% 29%
27% 28% j 27% 283s
26% 27%| 27% 2«%
1,753 88% F eb. 13 96 J u n e 1 0
pref.
Do
94% 9 6 I 95% 9 5 %j
9 4 V 9 4 V *94
94%
91% 94% *94% 95
5 Jan. 18
3% A pr. 20
5 ,8 2 0
4%
43*lNorth A m erican Co
4%
4%
*3%
4V
4V
4%
4V
4
4
4V
2 4 Jan . 9 29% J u n e 11
15,031
27% 28%! 28% 29% Paoifle M ail..................................
27% 27%' 2 7 V 27%
27%
27% 27%
27
*90 ..........1 9 0 ..........P ip e Line C ertificates.................
9 0 ..........| *90
*90
*90
2 ,1 1 0 152 Jan. 2 163 Mar. 3
102 3*'Pull m an P a la ce Car Com pany
ieo 160% 161% 161%! l<jl% 161%! I 6 H 3 16H * 161*3 162 I 162%
2,0 0 0 60 J u n e 9 65% J a n . 27
60% Silver B ullion C ertificates___
60
603s! *00
*597a 603s *60
60
*60% 60% I *60
00V
6 V M ar. 29 11% J a n . 19
9 74
6%
Standard
R
ope
<
fc
T
w
in
e
..........
6%
6 78!
6%
§6%
7%
6%
0%
6%
40%
§ 6%
23% 24% T en n e sse e Coal Iron <fe R R ... 28,931 17 M ay 20 31 Jan . 18
23%
23
21
22V
20% 21%
21 % 22 %
2 1 V 22V
9% J a n . 19
6% M ay 22
5,7
1
5
U
n
ited
S
ta
te
s
L
eather
Co.......
7%
8
8% ;
§ 8%
8
7%
7V
7
6%
6 78
6V
63,
1 9 ,2 9 9 50 Apr. 22 6 4 J a u . 19
Do
pref.
58
58%
58%
58
58V
56% 5 0 VI 50 V 58% ’ 58
65 V 56%
25%
Jan . 19
2,069
10
J
line
3
U
n
ited
S
ta
te
s
R
ubber
Co........
12% I *11% 13
12
12
12
11
11
11
*11V 12V §12
2,063 55 Ju n e 3 76% J a n . 5
p ref
Do
pref.
61%
61%, *60
*60
60% 61
60
58
58
0 0 V , 0 0 V 01
7
5
9
,9
8
4
75%
M
ay
•h—
81%
82%
W
estern
U
nion
Telegrap!
82%
81%
80%
79% 8 1 V
7 9 V 8 0 I 78% 80% ! 79
1158 1 1 78 11% 12 i* 115s 11 % 1138 1178
2 3 is 2 3 78 2278 23 5g
2 3 % 2334 235s 24
*
%
%
%
%
’ 1*6" 103s 103s 10 %
" 9 \ 10% “lO% 11
2038 20 is
20%
20 % 20% *20
20%
20
62%
*6058 61% - 60 34 61%; 613a 61% *61
49
§49% 49%
49
49
48*3 48%i 4 9
763! 7758, 76% 77
75% 773s
75% 77%
*8 % 9%
*8 % 9%
9%
• 8 is
9is'
*8%
1738 17%! 1738 17%
17% 175s
1738 1 7 is
148
*148
79% 78% 79% 783s 793 4
7938 8 0 i 79
*37 41
*37
41
5 0 ! 37% 37%
*40
9 8 I A95 98
*95
98
§ 9 8 ^ 981s1 *95
773s 7 8 I 77*8. 78
77% 77% 765a 77%
133% 133% 13358 13358 1 13334 134
134 134
110% 111 I 110 11058 X l07% 109
109% 111
...................... I ....................... |x l 5 7 157
68 % 69 I 68
69%' 68% 693«
693a; 68% 6 9 7s
58% 59% 58% 5 9
58
58% 57%
58%
*140 145 i'1 4 0 1 4 5 *140 1 4 5 *140 145
24% 25 | 23% 24% 23%
23% 2 2
23%

12%
23%

1238
24%

u

•These are bid and asked; no s a le made, §Less than 1 0 0 shares,

t R an ge d a tes fro m lis tin g o n E xoh au ge. A pril 8.

THE ( HRONK'LE.

1180

[V o l . LXIV

SEVT YORK ST O C K E X C lt VN'UE P R I C E S (C o tttlttd e A )— I N A Q 1 % V E S T O C K S .
-

Ju n e 11.

HEAenrsvE S tocks.
f Indieatee anUated,

Bid.

R a n q t ( t a la ) in 1897.

Ask.

170 Feb.
175
si's Apr.
9
ii
22% Aim
■,•27*.
p m t e r m t .,..
Bt^ton k H. Y. Air Line pref-.ICK 105 107 102 Mar.
*20
l o t . May
tiudalo Rochester A P itteoarg. 1(H
55 Feb.
liO
08
Apr.
75
6**?
Bari* ObAaf Ha p U1« A Not. . . . • -1<H
-1 Mar.
4
01110# go Clreat Weetern.
40
Feb.
01ev. Lorair. A WheoL pref.....lCK 140
C;,. vcl*od A F1U86UTB.. . . . . — 5i 103 i? o 101 Apr.
8
7 Apr.
9
75
5*
.
r.^
r
T
..
3*8 Feb.
3
Apr.
:d
0 5 inull So, Shore A A tla n tic f;. I0<
8 Jan.
6*4 M»y
8
Ch
!■
.fg
^
r.ri
37 Apr, 40's Jan.
pC“ai*.«vlite k T
H.
.» r*i, - 10 M»r. 1 1 h Mar.
rtliit A F*rc M»r<(a»Uc............. 1 0 t
30 Mar. 37 Jau.
40
27% Apr. 30 May
35
....
40
50
lSel>. certfe. A ...............- ........lOUt
4 Apr.
5 Jan.
14
IV'i. e r!f». R.........................ICOl
3 Jau.
2
Feb.
4
%
K#*oku'k A lie s M oines.............. lot
12 Mar. 2 8 ^ Jan,
1 0 % 14
32 Feb. 32 F« b.
Keokuk A W w it«ru.................. .I 0 <
H°s Jan.
7V Apr.
St)
McUcatu Central,..................... 10<
1H Mar,
J^e June
l
1 »S
M<<-tfea.il National tr. otfa.........10<
162% June 107 Jau.
!162>s
2»5 Feb. 324 May
N, V. A H arlem ..................... ..
5i
119 J mi, 122 Mar.
N. Y, Luck- .v tt, a t.r u .............. lot
14 Ha l u 7e Mar. I lk 'J u n e
Or. #h. Line A U.N.when Issued. 101 j i t
%.Tune
2*s Jan.
U
|
Feorta D ecatur A EvauaYlUe..lO<
>4
5 Apr.
3% Feb,
3
7
Feorla A Eastern......... ............- ICO
170
150
May
1091a
Mar.
1C
4
Pitta, Ft. W. A Cble. iiuar.........100
Rensselaer A Saratoga...............o i 179 164 180 dun. 185 Jau.
.
25
May
40
H
Feb.
Rio Grande Western prof....... 10<
___
... .
3
5
St. Jos. A i id. Itl. vot, tr. o tfe ..l0 0
38% 3 7 4 i June 39 June
18 1 preferrc<1
do
.. lOt 138
11
June 1 2 June
2 d pit’fwrdtl
do
- . 1 0 0 51198
___
....
Toledo A Oil to Central.............. 100 „_r.__ 25
70
P referred ....----------- ---------- 100 40
— *■..... . . . • No price Friday la test price this week.
I Actual sales

SECURITIES.

YORK
Bid.

Alabama—Class A, 4 to 5 -----1906 1 0 0
C livr- II, fm .....................................1 9 0 0 106
C la s s C , 4 s ................................... A 9 0 0

100

Currency funding I s .............1920 1 0 0
A rk an sas-ds,fun d ,H oi.1899-1900
Non Holford..........................
7 s, Arkansas Central HR .
Louisiana—7s, c o n s .................1914
Stumped 4 s ............................
New consols, 4 s......................1914 ! 98

Cw i I s a le s . )

R ange (sales) in 1897,

Ask.

Lowest.

'149
147*4 Feb,
43
45
no
125 113 Apr.
109*9 Jan.
:m * s
.
......
8 5 »s Jan.
1105*1 ior>7a 85 Jan.
% Jau.
*4
*s
.........
102% May
*2 J HU.
1*4
1 9 ‘i 15% Mav
no
87
75 Feb.
Col. & Hook. 0oaltr.rcts.ailp d .100
3*4 June
3*4 4
Commercial Cable___________ 100 165
102*9 May
Consol. Coal of M aryland____.100
38 . . . . . . 35 Feb,
. . . . . . 20 Jan,
Detroit G as...................................100 .. .
101% Jan,
Edison Elco. 111. of N. Y............ 100 JllOki
Edison Klee. 111. of B rooklyn .. 100 . . . . . . 108*5 97 Feb.
Erie Telegraph & Telephone -.1 0 0 04
65
63*9 Apr.
Illinois s t e e l..................................1 0 0 137
3 7 ^ 29*9 Apr.
. ,
Interior C o n d u it* In s., ___ 10< . . . . . .
Jell. & Clearf. C. * I. p ref......... 100
35 . . . . . .
....
21=8 22
Laclede G as................................... 1 0 0 SM
May
78
Preferred.................................... 100
70*, Mar.
82
40
Maryland Coal, p ref....................100
50
50 May
M ichigan-Peninsular Oar C o.. .100
. . . . . . 12 Jan.
___
Preferred....................................100 . . . . . . —
42 May
M innesota Iron............................ 10G 147
38 Apr.
National Linseed Oil Co.............100 '.12 " lit* 10 May
3 May
National Starch Mfg. Co............100
2 k>
3*a
15*4 , ___
4% May
N ew Central Coal........................IOC
5*8 7
Ontario S ilver M in in g.,. . . . . . . . 109
8 % May
340 Mar.
Pennsylvania C o a l...._______ 5C 325
2
1
Quicksilver M ining..................... IOC
1*2 June
8 hi
8 Apr.
P referred......... .......................... IOC
7
Standard Gas, p ref.11 ....... .
100 1 2 1 124 102 Jan,
__,_r.
05
Apr*
.
.
.
.
.
.
Tennessee Coal & Iron, p r e f... 10(1
___
6
Apr.
T exas Pacific Land Trust......... IOC ..
42
37
Fab.
U. 8 . Express.,...___............I O C
39
103 107
97 Jan.
W ells, Farvo E x p r e s s _______ lOf

Ask

SECURITIES.

Bid.

Missouri—Fund...............1894-1895
108% North Carolina—6 s, o l d . . . . ___J&J
Funding act.............................1900
102
New bonds, .TAJ.........1892-1898
Chatham RK.....................................
Special tax, Class I ........................
Consolidated 4 s...................... 1910 105
.... . .
Os................................... - ..........1919 127
South Carolina—4*28, 20-40..1933 105
6 s, non-fund............................ 1888
1102*9

C a p ita l BurpVs] L o a m .

Highest.
155

J&n«

125 .Tan
114*9 May
91*4 Jan.
109% May
% Jan.
105*8 Apr.
1 Jan.
27 Jau,
85 May
4% Mar,
162*3 May
37*» Jan.
25 Jan.
117 June
109 June
07 Jau.
42 Jan.
___
25
83*2
50
12
52
52
15
5

Jan.
May
May
Jan.
Feb,
Feb.
Jan.
Jan.
June
10% Jan.
340 Mar.
1 %Jan.
llA i Jan.
108 Feb.
70 Jan.
6
Apr.
41 Apr.
107 June

STO C K E X C H A N G E P R I C E S .- S T A T E B O N D S J U N E 1 1 .

N e w Y o rk C it y H a n k S t a t e m e n t for t h e w e e k
J u n o 3 , 1897. IT e o m i t tw o c ip h e r s ( 0 0 ) in a ll c a s e s,
B anks
(0 0 a omitted.)

Bid.

m

.R U c s U s n e c a a S t o c k s .
177*0 Apr. Adam s E xp ress....................... ..ICO
JO1* Jan. American Rank N ote O o f ......... .
28% June Am erican C o a l..,................ ......25
105 Jan, American E xp ress............ .........100
20*4 Jan. Amor. Telegraph & C ab le........ 100
55 Feb. Brooklyn Union G as_______ ...1 0 0
72 Feb. Brunswick Com pany..................100
5 Jan. Chic. Juno. B y. A Stook Yards , 1 0 0
■to>4 Mar. Colorado Coal A Iron D e v c l... 100
108*4 Jan. Colorado Fuel <fc Iron ................100

lUllr<>«<! S t o c k * .
jjlMt&y * etuqMtiaaiiM.........

NEW

Ju n e 11.

I nactive Stocks.
1! In d icates unlisted.

Highest.

Loteet!,

f t I tu tu n u d s

S p ecie.

e n d in g

L egals. ''Deposits.

Bank of New York $2,000,0 $1,941,6 $12,860,0 $2,040,0 $1,090,0 $12,260,0
Manhattan C o ..,.— 2,050,0; 2,103,1 13,374,0 2,701,0 5.386.0 18.449.0
0 l,()54,2i 1),767,0
2,494,1 1.674.0 14.459.2
Merchants’. . . ......... 2.000.
2.429.0
9.323.0
2.000.
0 2,089,9
a **>1.163.0
*■*
Mechanic*’ — . —
9.366.0
America. . . . . . . . . . . . 1.500.0, 2,479.3 17,813,5 3,039,9 4.435.1 22.516.4
662,0 3.760.0
Pbenix..— ----. . . . 1.000. 0 207.3 4.132.0
297.0
9.311.2 48.140.0
1 , 000, 0 ! 3,605,9 34,991,2 8,636,4
City................. . . . . .
100.4 2.684.5
380.4 2.512.9
2-20.7
750.0
Tradeara ea's.......—
800.0 7.380.0 23.822.0 4.297.7 3.175,7 23 827,0
C hem ical.....—.- . - •
594,2 5.380.1
184.3 4,590,9
Merchants* Exch’go
1,660,2 7.008.0
921.8 1.033.6 6.077.3
1m
Gallatin-----‘
185,9 1.228.6
150.9
1.249.3
800,0
Batchers’ A DroVrs'
227.1
250.0
510.0 2.150.0
224,8 1.780.0
400.0
Me h&nica' &. Trad’s
1 , 000,0
20 0 ,0 : 165.5
104.9
189.7
956,6
Greenwich.—
488.6 2.994.7
348.1
507.0 2.709.1
600.0
Leather Manufao’rs.
94,4 1,571,
257.8
313.7 2.049.8
300,01
Seventh....................
525.3 3.039.3
603.8 2.409.2
State of New York, 1, 200,0
157.6
American Exchange 6, 000,0 2,443,2 2*2,699,0 2.239.0 3.790.0 18.694.0
3.668.0 22.451.0 2.765.8 1,896," 16.852.0
Commerce . . . . . . . . . . .
O
'
657,;
Brotttiway.... . . . . . . . . 1,000,0; 1,610,7 5.774.8
734.6
5.153.8
691.3 1,972,5 8.687.4
l , 000 t0 | 3,013,6 8.090.1
ifarcan_____
___
ntfie........
.
490.4 2.368.1
482.0
706.8 3.043.6
P a c i f lc ... . . . . . . . . . . . .
4 2 2,7
2.460.7 1.321.7 13.733.2
880,5,
R ep ublio . . . . . . . . . . . . . 1, 500,0
972.2 6.054,6
C h a th a m ---- . . . . . . . . .
450.0
635.8 1.100.4 0,215,0
174.4
238.4 1.628.1
750.0 2.005.7
P e o p le s ’. . . . . ...............
200,0
591,8 6.408.5 1.085.3
554.8 0,004.9
N o rth A m e r i c a ......
700,0
4.746.5 24,968,G
H a n o v e r ...........
1,000,0 2 , 100,8 3 7,466,9 5.299.3
310.0
355.4 2.859.0
I r e t a g , . . . . .........
600,0
453.9 2.890.0
512.6
408,6 2.589.6
717.6 3.335.0
C lU x en s*. . . . . . . . . . . .
600,0
282.4 2.420.8
N a e a a s . . . . ....... ..
600.0:
193.2
484.0 2.925.3
5.649.6
645.5 1.153.8 0,085,4
M a r k e t A- P u l t o n . . .
90 0 ,o 1.009.7
3.614.6
445.8
485.2 8.044.8
8ho© A L e a t h e r , . . . . i , 000,0
8.760.0 1.432.0 1.047.0 9.980.0
C o m .E xehan g e . . . . . 1,000,0 1,243,0
220.5 4.603.4
609.0 1.273.7
C o n ttn o ntai. . . . . . . . . 1,000,0
304.2 1.781.8
151.7
329.2 ! : ! ! : §
O r ie n ta l,..------- -------300,0
0,379,0 29.430.0
im p o r t e r s '* T r a d ’rH 1,500,0 5.655.7 22.531.0 3.364.0
P a r k — . . . . . . . . . . . . . . 2.000,0 3,218,3 25.599.7 9.464.0
8.906.7 34.710.0
I t s a t H i r e r ............
250,0
161.8
260.3 1.258.5
144,4 1.220.4
Fourth.... . . . . . . . .
3,200.0 2,106,3 22.500.0 2.933.0 3.727.0 24.142.5
C e n tr a l..... . . . . . .
1,000,0
520,6 7.469.0 1.939.0 1.456.0 9,71=8,0
Steoofid...... . . . . .
858.0
949.0 5.071.0
300,0! 081,6 4.967.0
N i n t h . . . ...............
469.3
992.7 4.106.0
750.0
289,3 3.209.0
F ir st-...., . . . . . .
500.0 7,037,9 22.441.8 8.619.9 1.833.7 21,247,8
257.0 2.341.6
n a m .... . . . . . . . . .
53,0
842.5 1.1161.9
N . Y. Nat-M E i c h ’g e .
149.6
177.0 1.234.3
56,3 1.338.7
433.0
2.803.0
499.0
598.8
B o w e r y .... . . . . . . . . . .
2.713.5
428.9
N o w f o rk c e u n t y . .
631,9
310.2
275.2
280.4 2.715.8
G e rm a n A m e ric a n ,
467.1 2.664.1
C ls a a e ...... . . . . . . . . .
1,502,6 15.804.1 4.373.0 4.531.0 22,783,7
F if th A y e a n e . . . . __
1,108,3 7.380.6 1 224,5 1.299.1 8.659.3
560.2 2,331,2; 236.3
G erm an E x c h a n g e ..
590.0 3.065.3
G e r m a n ia ........... .
2,923,5
688.6
570.4
370.3 3.807.0
U n ite d s t a t e s . . .
912.4 6.338.5
630.7 .5,654,7 1.003.0
L in c o ln
821.2 6.212.4
943.5 1.227.2 7.275.1
G a rfie ld ....... . . . .
761.1 4,009,0; 896.4
626.0 5.340.8
F if th .,.......
314.0 1,008,4! 220.7
814,1 1.914.1
826,6 4.456.1
B o o k o f th e M e ir o n .
805.1
1.549.5 6.852.2
Wear *14*.....
320.1 2.292.0
220,0
514.0 2.531.0
B ra h o a r d ....,,
6.965.0
299.8
774.0
1,511,0 7.513.0
1.754.0
S ix th .. . . . . . . . .
190.0
343.4
340.0
1.630.0
Wiwstera
601.5 18,847.0
855.6 4.262.6 15.232.0
5.054.0
F it * t N a t, I r k i y n . . .
940.8
634.0
565.0 4.974.0
K i t , C hios. B an k . . . I 1, 200,0; 685.0 10.469.2 s 1.851.8
812.3 10.713.2
263.0 2.591.4
L ib e r ty N s o B a n k .
600.0
286.5
689.0 2,924,7
n Y -F * S d .F x c tF * * I 1, 000, 0; 363.9
4,004,3
555.3
254.4 3.554.0
2.039.9
B k . o f N , A ® »! ®fd*m 1 2 5 0 ,0 i 241,7
436.6
217.6 2.217.2
Total.
.. . 60.022,7 74.801.0 511,93.8,7 8 9 fg j 0.9* 101,323,7 581,256,1

SECURITIES.

Ask.

Bid.

Ask.

82

84

T ennessee—Gs, old .........1892-1898
6 s, new bonds...........1892-8-1900
Bo
New series__ 1914
C om prom ise, 3-4-8-68............ 1012

110

N ew settlem ent 3 s .................1913
Redem ption 4 s ........................1907
Do
4 *2 *........................1913
P enitentiary -I1®!................... 1913
Virginia funded debt, 2-3s___1991
6 s, deferred t ’s t reo'fa, stamped.

65
64
3%

New York City, Boston and Philadelphia Banks:
Capital 4
Surplus.

Lomu.

iSpecfu,

ZaqcUs. Deposits.“ Oirc’Vn Clearings.

$
133,726,?
133*726,5
134/883,7
134,883j7

$
505,951,1
504,952,3
507.509.7
511.918.7

S
88.132.2
88,295,5
88.979.2
89,310,9

$
$
$
572,212,8 14,484,1 542.384.2
572,131,4 14,405,8 536,402,9
14,329,0 502.727.2
581,255,1 14,322,3 517,857,0

$
99,411,5
100,736,3
101,536,9
101,323,7
63.393.8 171.228.0 10.400.0 7.865.0
63.393.8 170.981.0 10.357.0 7.044.0
63.993.8 170.372.0 10.117.0 7.620.0
37.293.0
35.388.0 110.970.0
37.384.0
35.388.0 111.369.0
35.388.0 111.933.0
37.019.0

166.559.0 7.941.0 06.375.8
104.858.0 7.988.0 87,028,4
106.434.0 8.003.0 84.178.8
118.942.0 6,826,0 69,979,7
118.696.0 0,861,0 45,013,4
119.282.0 6,791,0 67.164,9

* We o m it tw o ciphers i n all these M itres.

f Including for Boston and Philadelphia the item *‘due to other banks”

Miscellaneous and Unlisted Bonds:
M is c e lla n e o u s B o n d s,

Ch. Jim. &S. Yds,—Col.t.g.,58
Colorado C. * 1 .1st cons. tjs,g.
Colorado Fa el & I,—Gen. 5 b,
Col. & Hock. Coal, & I,—0s, g.
Commercial Cable—1st g. 4 h.
Cons. Gas Co., Chic.—1sign . 5*
De Bardeleben C, & I.—g. 6 s.
Dot, Gas con. 1st 5 ...........—
Edison Elec. III. Co.—1st 5 s..
Do of Bklyn., 1st 5s..
Eqnit. G.-L , N, ¥ .,cous.g. 58.
Equitable Q. & F.—1st 6 b. ...
ErieTeleg, A Telep. 5s. g ...
Galveston Wharf Co.—1st 5s.
Henderson Bridge—1st g. 0s.
Illinois Steel deb. 5 s .......... .
Non-conv. deb, 5 s .... . . . . . . .

107 %b.
93 b.
*■ 81 a*
l05* 'b.
* 97 b.
* 82 a.
80%a,
113 b.
*109 b
G 1 2 ^b.
105 b
b
illS b

M is c e lla n e o u s B o n d s .

Jeff. & Clear. C. & I. 1st
* g. 5s
“
2d g. 5s ................... ........
Manhat, Beach H. & I*, g. 4s.
MetropoL Tel. <fe Tel. 1st 5s..
Mioh.-Penin. Car 1st 5s
Mutual Union Teleg.—6 s, g..
Nat. Starch Mfg. 1st Os..--.,
N. Y. & N. J. Telep. gen. 5s..
Northwestern Telegraph—7s
People’s Gas & C. t 1st g. 6 sCo., Chicago...... i 2d g. 6 a.
1 st cons. g. tin.....................
South Yuba Water—Con. Os.
Standard Hope <&T —Inc. 5e.
Sunday Creek Coal ls t g . 6s.
Western Union Teleg.—7 s...
Western Gas coll. tr. 5 s.— .

100 b.
77*ab.
100 kab.
*108 b.

108 b.
109 a.

’16%
104%b.

r 95kja.
N ote —“5” indicates price b id ; “a” price asked. * L atest price tills w eek.

it a nk Stock List—Latest prices. (fNew stock. *Not Listed.
Bid.
A m erica.__ 325
Am. Exch... 166
Astor Place* 220
Bowery*.---. 300
Broadway.... 225
Butch.&Dr,. 100
Centra it... 160
Chase..— — 400
Chatham..... 280
Chemical — 4000
C ity .......... 600
Citizens’- . .. 125
C o lu m b ia — 160
C o m m e r c e ... 208
C ontinental. 130
C o m E x c h ... 285
E a s t B iv e r .. 135
1 1 th W a r d - 200
F if f h A v e . . . . 3000
250
FtfthL
2500
First...
First N., 8 . 1. 120
14th Street..
Fourth...........
Gallatin ..... 310

Gansevoortv

Ask.
178
.......
.
250
130
170
300
140
210
140
292

150
330
100

BA N K S.

Bid, Ask.

Garfield...... 500
German Am. 110
German f ix .* 300
Germ ania...- 350
G reenwich... J65
H anover.— 330
Hide <fe L .*-.
Had. R iver.. 155
Im .* T ra d ’rB 525
Irving............ 140
Leather M fe’
L ib c n y .___ 130
L in co ln ... . . . . . . . . .
! M anhattan... 215
M arket* Pol 210
M edian ios'- 192
M’cha’ (ft/IW
M ercnntlle... 170
M erchant.’ 140
Merch’t . fix* 114
440
Mt. M orris.. 95
155
200
N ew Y ork... 230
N . Y. Co’nty 685

...

N .Y .N a t.E x
N in th ... . . . . . 100
19th Ward.. 100
N. America. 130
Oriental.......
350
P a c i n o . . . . . . 175
90
Park__ ____ 260
People’s ....... 210
550
P h en ix ........ 105 110
155
Plaza ...___ 180
Prod.E x,*... 115 120
180
R epublic__ 145 160
Seaboard... . 109
800
S econ d . . . . . . 425
230
S e v e n th ....
240
Shoe <fc Ije’th *bT m
200
124
Stateof N .Y . 110
50 ’W
187*» Third....... .
145
Tradcsm’n ’s. 97
iso"
120
12th Ward*.
200
U n io n . . . .
Union 8q,*.. 175 is 5**
165
U u’d S tates. 175
Yorkvllle*... 170
W e ster n ..... 114 119**
240
......
W est S id e ... 275

330

THE CHRONICLE.

JUNB 12, 1897. J

1131

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
VW S h are P r ic e s — n o t P e r C en tu m P r ic e s .

Active Stock*.
H In d ic a te s u n listed .
A teh . T. A 8. F e . (B oston). 100
A tlan tio A P ao.
“
100
B altim ore A Ohio (B a il.) .1 0 0
B alt. C ity P a s s ’ger “
25
B altim ore T ra ctio n 44
25
B altim o reT ra o ’n if(P A ii.). 25
B oston & A lb a n y (B oston). 100
100
B oston & L o w ell
100
B oston & M aine.
100
C entral o f M ass..
100
P re fe r re d ..........
100
C hic.Bur. & Q uin.
C hic.M il.& 8 t. P. (PAiL). 100
50
C hoc.O A G .vot.t.o.
Cit. 8 t.R y .o f In d li “
100
Fitchburg p r e f ..f B o s to n ). 100
L eh igh V a lle y .. ( P h ila .) . 50
M etropol’n T r a c.ff “
100
M exican C ent’l (B o s to n ) .100
N ew E n g la n d ....
“
100
P r e fe r r e d ..........
“
100
N orthern C entral ( B a l .) . 50
N orthern P a cific (P h ila .) 100
P referred
**
100
Old C olon y . ...( B o s to n ) 100
P e n n sy lv a n ia . .. ( P h i l a , ) . 50
P h ilad elp h . T rac.
44
50
44
50
R ead in g C o..........
U nion P a c ific . . . ( B o s to n ) . 1 0 0
U nion T r a c tio n ..( P h ila .) . 50
I T lls c e lla n e o a s S t o c k s .
A m .Sug’r Refln.ti ( B o s to n ) ....
P r e fe r r e d ..........
100
B ell T e le p h o n e ..
25
Boat. A M ontana.
25
B u tte & B osto n i
25
C alum et A H eola
C anton Co . . . . . . . ( B a lt.) . 100
C onsolidated G as
“
100
E lec.Stor. B a t’yH (P h ila . ) . 100
P referred
“
100
E rie T e le p h o n e .(B o sto n ). 100
G eneral E lectric.
44
100
P r e fe r re d ..........
100
Illin ois S tee l . . . .
44
100
L am son S toreS er
44
50
L elii’h C oalA N a v . (P h ila .) 50
N. E .T elep h o n e (B o sto n ). 1 0 0
P a .H e a t,L .A P o w fP A ito .)........
U n it’d G as I mp.1T
44
50
W elsbach L ig h t
44
5
W est E nd Land ..(B o s to n ) —
*Bld and asked prices; no

S a tu rd a y ,
J u n e 5.
11°8

M onday,
J u n e 7.

T uesd ay,
J u n e 8.

12

H i,

12 %

W ednesday,
Ju n e 9.

12

*9%
*19

___

*9%

7938
773e
6%

80
78
6%

94%
2 5 5s

94 si

79*8
7730

79%
77%
7

78%
77*9

5838
72% *72
133g
13*9
39
380e
177
177
52%
52%
69=s
69M
1030 10-Ha
*7
74i
9*«
9*9

60
72%
1 3 7r 1338
39%
39
177*9 177%
520s
52%
69%
69
1030
10
7%
7%!
9%
9%

1173s
105
230
124
1 6 7s
375

118%
105
230
124%
171,
375

1 1 9 is
10=i%
229%
125%
17%

1 1 7 7s
104%
228%
124%
173s
375

5514 55%

*55

60

375

A t .T o ? .! * B .^ g e n e r a l g. 4 s, 1995
A dju stm ent g. 4 s, 1 9 9 5 . .. .......... .
B os ten ' nlted G as 1 st 5 s . .

•»Uff Ji eledfpoverdueooudou

12%

92*9 95
2 6 3 1265
50*9 .

25

7
148
245
28

150
250
29

10

12
30

25
50
61

10

62
15%
48
5
15
35
45
51% 52*9
123 124
55 ..........
5 3 % ..........
4*9
5
......... 90
17
17*9

118%
105
229%
125%
17%
375

60%
60
72%
13%
130s
39%
39%
177% 177
52%
52*,
69
68%
10%
10
7 % *7
8%
9%

14
40%
177
52%
68%
10%
7%

122%
106%
230
1 2 5 7a
17%
375

123%
107
2 30
127
17%
3 90

122
106%
2 23
125%
17%
378

60

9

Bonds.

S ales
o f th e
W eek,
Shares.

12
12*4 10,218
*%
%

R an ge o f s a le s in 1 8 9 7 .

*10

122%
1 07
230%
126%
17%
3 90

124%
107%
231
126%
17%
3 90

I B id.

11

*84% 65
*19*8 19*4
19*8 19*4

H ig h est

L ow est.

959 Apr. 20 12°g M ar. 3

15 Feb. 17
11 M ay 4
18 59*9 Jan. 13
1,008 17 Jan . 12
1,546 17*9 Jan. 7
212
212
63 2 09 Jan. 4
64 205 Jan. 2
209% 2 0 9 1*
'159 160
295 1 57
June 2
*9% 10*9
9 A pr. 22
125
*56
58
5 6 Mar. 26
79 % 80% 798a 80*4 2 5 ,622 69*9 Jan . 5
7 7 7s 78%
775s 78*4 1 3 ,900 69*4 Apr. 19
7
7
7
7
475
6 M ay 7
16
21
1,000 16 Apr. 12
94 *, 94% 94% 94%
207 91 Jan. 14
26% 26%
8,639 20*9 Feb. 18
26% 27*9
*109% 110*9
1,510 99% M ay 3
661
8*,
8*,
7*9 Jan. 12
83s
8*9
*18
25
18 A pr. 6
*60
61
*59
60
5 - 5 57 Feb. 15
*72%
94 67*9 Jan. 27
*72*9 73
14
8,801 3 0 7g Apr. 30
14% 15*s
14%
40% 41
413s 45%
4 ,3 8 6 33*9 Jan. 15
177 177
509 176% M ay 26
177 1 7 7 k
525a 52%
52% 52%
3,182 51 M ay 3
68% 68%
3,071
66% Jan. 5
68% 69*9
l € » le 11 i O ^ e U i . e 4 1 ,331 89lfi Apr. 19
255
7 % 7%
5 A pr. 12
8%
8,746
8 78 938
8% Apr. 29
8'e

*55
*55
*55
56
1 8 70 19
19*9 19%
20%
64 7p 64% 6 4 *
64% 64% *64% 65
32%
32% 33
34
33% 33%
34%
74%
70
70
74
74
75
75%
37
37
35
35
*32
35
*34
20
19%
19
19
19%
19% 19%
40
*40
40
*43
40
105
105 105 *104% 105
i0 5
13%
i s * , 133, •13*, 13%
72 % 72% 72% 72%
72%
72% 72*,
4 1 70 42%
41
42% 421%
41% 42
31,
2 % 2 % *2 % 2*3 ‘ 2% 2*,

B id . I A .k ,

M ISCELLANEOUS.

12

56

20%
*64%
64% 65
311. 31%
31%
72
70
*68
34
*32
34
19% 19%
19%
39
*38%
106 *104%
13% 13%
135s
72% 72%
72%
41
41
41
*2%
•244
2*.
s a le w a s m (ade.

A llo n ez M in'g, a sst p d f B oston;. 25
A m er. Ry. E l. L ig h t.. (P h ila .) ........
A tla n tic M ining..........(B o sto n ). 25
50
B a y S ta te G a s U .. .. ..
10
B >eton L an d ................
10
C entennial M in in g ...
25
F ort W ayne E le c tH ..
25
Franklin M inin g........
5
Frenohm 'n’s B a y L’d.
25
K earsarge M tnlng—
25
O sceola M ining...........
100
P u llm an P a la ce C ar.
P e n n sy lv a n ia S t e e l.. (P h ila .). 1 0 0
P r e fe r re d !!....................
44 100
Q uincy M in in g .. . . . . . {B o s to n ). 25
1am arack M inin g—
44
25
w a te r P o w e r ....................
44 100
W sstlngh. E lec. A M ..
“
60
Prei.# O Q um latlve..
44
50

78=8 79%
7 6 7s 77*,

9 4 ^ 94 0s 94% 94%
94% 94%
250s 26
25% 26%
25 7s 2638
110 1 1 0
110 110
1 1 0 110
8i»
8>s
81,
8%)
8%i
8*a
8*,

72%
13*4
3 8 °s
177
52%
69%
10316
*7
9

j

79%
771,

2 a 'e

8%

Inactive 8tock*.

11 %

F rid ay,
J u n e 11.

65
65
193g *19
19%
19
19
19
19%
19*9
___ 19*9 19% 19*9
19
19
19
19
1 8 7e 19
213 x 2 1 1 211 % 211 211
211 211 *211 21 2
2 0 9 *209
*209
*209
*209
158 158*, *158%
1 5 8 4 158 15 8 1 , 158 158
9
10
9i«
*9
9*e
9*s
9%
9%

*212
x209
*158
9

P rices o j J u n e 11.
A tla n ta & C harlotte (B a lt.). 1 0 0
B oston & P ro v id en ce (B oston). 100
Camden & A tla n tic p f. (P h ila .). 50
44
50
C a ta w issa...........................
1 s t p r e fe r r e d . . . . . . .
44
50
C entral O hio.................. (B a lt.) 50
C hicago & W est M ich .(B o sto n ). 100
C o n n ecticu t & P a s s ..
44
100
C on n ecticu t R iv e r ___
44
100
C onsol. T r a c t o f N .J .!l(P A U a .).1 0 0
D e la w a re A B o u n d B r .
44
100
F lin t & P ere M a r q ...( Boston). 100
P referred ........................
44 100
H e sto p v llle P a ssen g . ( P h ila .) . 50
Preferred?!!................
44
50
H u n t. & Broad T o p ...
44
50
P r e fe r re d ...,..................
44
50
K an. C’y F t.8 . & M em . (B oston). 100P r e fe r re d ........ ...............
44 100,
L ittle S ch u y lk ill..........(P h ila .). 50
M aine C en tra l............I B o sto n ), 1 0 0
M ine H ill A S.HaveD.fPAito.>_ 50!
N esq n eb on in g V a l. . .
44
50
N orth A m erican C o ..
44
100
N orth P e n n sy lv a n ia .
44
50
O r.8h. L ine all a sst.p d f B o sto n ) .1 0 0
P e n n sy lv a n ia & N. W. (P h ila . J. 50
P h llad el. A E r ie ..........
44
50
R u tla n d .........................( B o s to n ).\Q 0
P r eierred ...................
44
100
8 o a th e r n ... . . . . . . . . . . J B a lt.) .1 0 0
Preferred...................
44
100
W est E n d .......... . . . . . . ( B o s t o n ) . 50
P r e fe r r e d ..................
44
50
U n ited Cos. o f w. J . . ( P h ila .1.100
W est Jersey & S ea 8h.
44
50
W estern N .Y . & P en n
44
100
W iscon sin Cen t r a l . .. f Bos ton >.100
P r e f e r r e d ...............
44
100
Worc’st.N ash .A R och .
44
100

11*«

T hursday,
J u n e 10.

•37*9 Ja n . 1 3
17*9 J a n . S
66 A pr. 1 7
20 7e Apr. 2
2 0 78 A pr. 2
2 17 Mar. 4
214 Apr. 7
1 66 Jan , 18
11 Ja m 2 0
58 Mar. 3
80*4 J u n e IO
78*9 Mar. 15
8*9 Feb. 5
25*4 Jan . 2 0
95 J u n e 4
3 0 7e Jasi. 2
110% Jan. 5
9% Ja n . 3 0
37*« Ja n . 19
61*9 J a n . 7
72*9 J u n e 3
16*9 Feb. 1
43*4 J u n e 11
180 Mar. 1
53*9 Mar. 15
7 4 Mar. 4
11*16 Ju n e 11
9 Jan . 7
1 3 ‘•’8 Mar. 3

123*9 125*4 4 4 ,8 3 6 109*4 Mar. 29 125% Ju n e 11
1,098 100% Jan . 6 107% Ju n e 1 0
107*4 107*4
391 205*4 Jan. 4 2 36 M ay 1 3
23 1 231
126 127
7,031 94% Jan. 2 12 9 Mar. 16
6,148
6 Jan. 11 2 0 Mar. IS
17*9 17*9
'390 3 95
168 3 2 6 Jan . 2 3 9 0 Mar. 1
*60
65
60 Jan . 8 67*9 F eb. 6
1 55 J u n e 2 62*9 Jan . 1 5
'55*4 56
878 15*9 Apr. 22 31
19
19*9
F eb. 1
20 17*9 A pr. 30 33
*20*9 21*9
Jan. 29
*65
66
119 633g Apr. 1 67% F eb. 2 4
33*« 33%
2,626 28% M ay 17 36% F eb . 2
7 04 66 May 18 78 Jan . 2 0
*75
75*9
37
37%
1,291 29*9 A pr. 21 4 1 78 JaD 18
19
19
328 19 J u n e 9 23*9 F eb. 1
*41
42
213 37% M ay 26 42 J a n . 1 4
'104 105
10 1 0 1
Apr. 5 107*9 M ay 18
1 3 79 1 3 7g
933 13 Apr. 30 16 Mar. 18
3,0 1 2 7 0 7s M ay 3 74% F eb
72% 74*9
3
4250 43
1 , 1 1 0 ' 38*9 Apr. 6 47
J a n . 12
1 50
l*s M ay 22
2*4
2*4
2 78 F eb . 9
X T ru st rec .,a ll in stal. paid .

A sk .

B oston U n ited G as, 2d m . 5 s .. 1939 § 68
70
B url. A Mo. R iv er E x e u p t 6 s , JA J *118 119
N o n -e x e m p t 6 s........ ..1 9 1 8 , JA J f 107 108
97
P la in 4 s ............................ 1910, JA J
98
Chio. B url. A N or. 1 st 5 ,1 9 2 6 , A A >| 103% 1 04
2d m ort. 6 s .............. ...1 9 1 8 , J<*D
98 I 99
D eb en tu re 6 e................ 18 9 6 , JA D
Chic. B url. A Q uinoy 4 s .. 1922, FA A
94
95
Io w a D iv isio n 4 s ........ 1 9 1 9 , AAO
98 100
55
C hic.A W .M ich. g e n . 5 s , 1 9 2 1 , JA D
57
C onsol, o f V erm o n t, 5 s . 1 9 1 3 , J A J
55
58
60
70
C urrent R iv er. 1 st, 5 s ..1 9 2 7 , AAO
65
D et.G r.R ap.A W .,ls t 4e,1946. AAO
67
E a stern 1 s t m ort 6 g. 1 9 0 6 ,M A S .. >120 121
E ree.E lk . A M .V .,le t,6 s .19 3 3 , end. >131
U n stam p ed , 1 st, 6 s, 1 9 3 3 .............. >131
50
70
K .C .C . A Sprin g., 1 st, 5 g .,19 2 5 , AAO
89
90
K O. F .6 .A M . c o n . 6 s, 1 9 2 8 , MAN
K.C. M em . A B ir.ri 81,28,192^ MAS
68
70
K.
C. 8 t. J o . A C. B ., 7 s . .1 9 01121
7 , JA J122
90
L. R ock A F t 8 ., 1 st, 7 s . .1 9 0 5 , JA J
75
L o a is.>E v .A S t.L .,ls t,6 g .l9 2 6 ,A A O
98 100
85
87
2 m ., 5—6 g .................. 1 9 3 6 , AAO
Mar. H . A O n t., 6 s ........1 9 2 5 , AAO >107 108
69
M ex ica n C en tral, 4 g . . . 1 9 1 1 , JA J
69%
1 s t o o n so l.in o o m ee, 3 g, non-oum.
17% 18%
2d co n so l, inoom ee. 3e, non-oum.
7
8
N . Y . A N .E n g ,, 1 s t, 7 s , 19 0 5 , J A J ' §119 119%
1 s t m ort. 6 s . . . . . . . . . . . 1 9 0 5 , JA J §113 113%
O gden. A L .C .,C o n .6 s...1 9 2 0 ,AAO $ 83
85
15
In c. 6 s . . . . . . .................. . . . . . . . 1 9 2 0
107
R u tla n d , 1 s t ,6 s ..............1 9 0 2 ,MAN 6 i d s
2d , 5 s ...............................1 8 9 8 ,FA A * 98 1 00

Bonds.
P en n .—O ollat.T r. 41, g . 1 9 1 3 , J& D
P a . A N . Y . C a n a l,7 s ...D 0 6 .J & D
I C on. 5 , .............................1 9 3 , AAO
P e o p le ’s lr a o . tr u s t c er ts. 4?..194S
P erM om en, 1 s t s e r .,5 s .1 9 1 3 , Q —J
P h ila. & E rie gen . M. 5 g „ 1 9 2 0 , A&O
Gen. m ort., 4 g ............19 2 0 , A 4 0
P h ila & R ead. 2d, 5 s . . . 19 3 3 , A&O
C onsol, m ort. 7 s ..........1 9 1 1 , J&D
C onsol, m ort. 6 g ..........1 9 1 1 , J&D
Im p r o v e m e n t!!. 6 g ., 1 8 9 7 . A AO
Con. M .o f 1 8 8 2 , 4 s . . ..1 9 3 7 , J&J,
T erm inal 5 s, g ..........1 9 4 1 , Q.—P .
P h il. WUm. A B a lt., 4 8 .1 9 1 7 , AAO
P itts . 0 . A St. L ., 7 s . . .. 1 9 0 0 . FA A
R eading Co. gen. 4 s . . .. .1 9 9 7 , J&J
K oohester R aU w ay, oon. ds ..1 9 3 0
8 c h n y l.R .B .8 1 d e ,lst 5 g .1 9 3 5 , J A D
U n ion T erm inal 1 s t 5 s . . . . . . . FA A

Atl!n°tnadASteaBr f!ti? ? ? S ! i9 0 7 ,J A J
B altim ore B e lt, 1 st, 5 s . 1 9 9 0 , M AN
B alt. C. P ass. 1 st 5 s .. ..1 9 1 1 , MAN
B alt. T raction, 1 st 5 s . .1 9 2 9 , MAN
E x te n . A im p t. 6 s . . .. 1 9 0 1 , MAS
No. B alt. D iv ., 5 s ........ 19 4 2 , JA D
B altim ore A Ohio 4 g ., 1 9 3 5 , A<feO
P itts. A C onn., 5 g ___1 9 2 5 , FA A
S ta te n Islan d , 2d, 5 g .1 9 2 6 , JA J
”l 9 78 * 2 0 ”
R e ce iv e r s’ certificates, 6 s ..J A D
D o. M aryland C onstrue., 5 s ..........
D o. P ittsb . A C onnells., 5 s ..J A J
B al. AOhio S .W .,lst,4 % g .l9 9 0 , J& J
U a p eF .A Y a d .,8 er.A .,6 g .l9 1 6 , J A D
"82" T a d
Cent. Ohio, 4% g .............. 19 3 0 , MAS
A tla n8tfonodi i r i a t h^ a ! .e ^ y ! M &N 107*,
95
96
Cent. P ass., 1 st 5 s . . ...1 9 3 2 , M&N
2 1 7 2 4 8 j Buffalo R y. con. 1 s t, 5 s ............1931
C
ity A Sub., 1st 5 s ..........1922, JA D
109%
C
a
ta
w
issa
,
M
.,
7
s
.
.
.
.
.
.
1
9
0
0
,
FA
A
48*s 49 ;
Oharl. Col.A A n g .e x t.5 s .1 9 1 0 , J A J I
1%
i*« Choc. Okla. A G olf, prior lien 6 s .. 109% 1L0
UoL
A G reen y., 1st 5-68.1917, J& J
79%
G
eneral
5
s
.......................1919,
JA
J
l* ,1 2
G e o r g ia * A la .,1 st pf. 5 8 .1 9 4 5 ,A&O
C itizen s’ S t.R y .o f ln d .,o o n .5 s.l9 3 3
2
5
G
a.
Car.
& N or. 1 s t 5 g .,1 9 2 9 , J&J
C
olum
b.
8t.
R
y
„
1
st,
con.
5
s
..
1932
1 1 2 118
..........
G eorgia P ac., 1 st 5 -6 s ..,1 9 2 2 , J&J
C olum b. O. C rosstow n, 1 st,5 s .1933
Geor. Fo. & F la ., 1 st 5 s . .1 9 4 5 , J&J
C onsol. T ract, o f N. J \. I s t ,5 s .l9 3 3
88% 89
N orth. C ent, 6 s .. ., ,. .........1900, J&J
D e l. A B ’d B r’k, 1 s t, 7 s . 1 9 0 5 ,FA A
E a sto n A A m . ls tM .,5 s . 1 9 2 0 , MAN 105% 1 06 " 6 s ............ . - —. . . . . . . - 1 9 0 4 , J&J
S eries aa, j s ........ ............ 19 2 6 , J&J
E leo. A P e o p le ’s Trac. sto ck , tr. ofcfs 69% 69%
4 % s................................. .1 9 2 5 , A&O
Elm ir. A W U m .,1st, 6 s . 19 1 0 , J A J . 120
P itts . & C onnells. 1 s t 7 s . 1 8 9 8 , J& J
H e sto n v ille M. A F ., con. 5 s ..1924
Southern, 1 st 5 s . . . . . . . . . 1994, J&J
H u n t. A B r’d T od . C on. 5 s .'95,A&Oi 105%
V irgin ia M id., 1 s t 6 s . . . 1 9 0 6 , M&8
97
K. C. Sub. B elt 1 s t 6 s ... 1920, JA D
2d S eries, 6 s ....................1 9 1 1 M&8
Kan.C. P itts .& G .ls t 5 s . 1923, AAO
70%
3d S eries, ^ ................ 1 9 1 6 , M&8
L eh igh N a v . 4% s.*........ 1 9 1 4 , Q—J 112
4 th S eries, a -4 -5 s........ 1 9 2 1 , M&P
| 2d 6 s , g o ld ................................ 1 8 9 7 , JA104%
D
5 th S eries, 5 s ................ 19 2 6 , M&8
G eneral m o rt. 4% s, g .l9 2 4 ,Q —F
W est V a. C .& P . 1 s t, 6 g .1 9 1 1 , J&J
L eh igh V al.C oal ls t 5 s ,g .l9 3 3 ,J A J "oi"‘ 95
W ilm . C ol. & A u g ., 6 s . .1 9 x 0 , J&D
L eh igh V a lle y , 1 s t 6 s. ..1 8 9 8 , J AD 102 * ,’
M ISCELLANEOUS.
2d 7 s ................................. 19 1 0 , MAS 130 -1311,
B altim ore W ater 5 s . . . 1 9 1 6 , M&N
C on sol. 6 ............ . . . . . . . 1 9 2 3 , JA D 1131,
F u n d in g 5 s -----. . . . . . 1 9 1 6 , MAN
N ew ark P a ssen g er , con. 5 s ... 1 9 3 0 1 0 9 1 ,1 1 0
E x ch a n g e 3% s.......... ..1 9 3 0 , J&J
N orth P en n . 1 s t , 4 S ....1 9 3 6 . Mp&N 109
V irgin ia (S tate) 3 s ,n o w .l9 3 2 , J&J
G en. M. 7 s .................................1 9 0 3 , JA120
J
F unded debt, 2 -3 s.........1 9 9 1 , J&J
P a terso n R a ilw a y , consol. 6 s ..........
rbiesD-TieAKe G»a. 6 s . . . .. 1 9 0 0 , J A P
P e n n sy lv a n ia g e n .6 s , r .J 91 o, Var 133
C onsol. G as, 6 s — ~ . . . .1 9 1 0 , J&D
C onsol. 6 s , o
. . . . . . . . 1 9 0 5 , V ar i 1191,
5 S ------- ----- ---------r
r'onsol. 5 s. r . . . . . . . . . . - . 1 9 1 9 , V ar

H Unlisted.

S And aoorued interest.

B id

101 %
98% 99%
ii7 %
105
124
128%
100
115
83
85

111
83%
90

101 %

121% 122
85
1 14
113
1 07
112%

113
111
105%
112%
1 00
95%

......

96*s

101% 102*4
99
99%
95*,

96*,

113
111% 111%
109
113
101
101%
81% 82
116
97% 9 7 >s
112 I.........
1 1 5 % ..........
1 09 |1 1 0
1 0 5 % _____
91%i 91%
112
.....
119 120
114*4'.........
95 I..........
103% '..........
109 [109%
115
..........
121% 122*4

I’H E CHRONICLE,

1 )8 2

rvoL. ljuv.

SgW VOKK STOCK EXCHANGE PRICKS (Continued)—AUTTVB BONOS JUNE I I AND FOR PEAR 1897,
StUOUttOAB A3CU

SBLLASBClSS B-O.K1WW

(JHisiny itange ($alm ) |H 180?
M tl
Fries
Period / tut ^ 11
Highest.
LommL

K U B M i) is o
M i s a k u . x n k <>o a B o n o -.

J n e ii
8<W*e*
I ‘e rio d '-htm: I t
L ow est

»n 1897
H ig h e s t.

h.
M>-«O U ,J ^ .,t'< .1 9 0 0 M%&- FSi 107
?5
Aw.*?. e p t m m g . , h ° s 4 M ? ; % -J | 79 b.
JUfta Artwy. --1.**,**,K.»— J " y i’ a
oj ga%
A tY .ftA .F i—X w f ires. A*. lutisi
1 49 v
' AdjuaiuiMS***.. . . . . . . . . . . t* W . J Nov.
f
t
D 118%
gtw isJK M b X r. -let.ooO.K.5* 4 A ft U:t
77) a
•fW
M ft N 1 74
A ».% u j 7U%
J * Ji I12% b,

1».N. A.viO-— !en.. 6g. tr.r«.191C A A 0 S L * 1 8 1
100 FAb. 109 J an.
M ay 185 Ja n .
8 1 % Feb.
Ami!) ttta n oonsol. 4«....... 1 9 9 0 A A O . S' J ‘lb. 1H% A pr, ! 95% Feb.
To A pr
80% Fub.
Metro. E levated. - le t, «,• lilo s J A J 1 -0 b ] u 0 % J a n . 120% M ay
74 % J an.
k d .C s ................................1 8 9 9 M A N 104%b. xot% .lim e 107% Apr.
78% Apr. 8»% J u n e
49% J u n e H ex. l i n e m a n - 1st, 4, e.1942% 1 & « ---------- 69
4 1% Apr.
Mar. 73
Ja n .
A !o h ,O e u t.~ U t,e o n s., 7».19t).I'M A N fv » 'i
11 *1% J an. 1 2 0 % May
no May l l » Apr.
Oonsol., 5 b ....................... 19021M & S 19 ; 2 l>- I ° )% .h in r 10 8 M ar.
.70 Feb. 78% Apr.
Mtnu.ASAl___U t,ooa.5e,*.1934;M A N 102 % 100 J a n . 103% Apr.
08 K«h. 79% A pr.
Mo. K .A E . - U t 5»,e., go ..1942 A A O 90%b. S3 % May 95% Ja n .
70 Mh V 81 Feb.
8 1%
105% Ja n . 112% Apr,
M. K. A T e x a s.—ust. 4 s, g .19901J * 0
85 M ar.
82 Jan.
00 %
2d, as, g . . . ..................... 1990,V A A
101 Jau.
63 Ja n .
54% May
75
US
; 95ia Mar. 99 Fob. Mo. P a n —le t.e o n .,6 g ....... 1920!M A N
08 May
87% Ja n .
.1 9 5 7 -'J *
* P
95 b. 98 M ar. 105 J a n .
3d. 7a ................................ 1906 M A N
Owned* d o u tb era.—TsfcS*. 18081 » , * C U 3 % b l 0 8 Ja n . 112% Ju n o
1101 >a Mar. 109 Fob.
P ao. of Mo,—la t,e * ..4 e - 1 9 3 s iF A A 101 %b, 100 Apr. 1 0 1 % F eb.
« L S * . ............................. 1913 •>** f 103
2d e x t, 5s .................. ..1 9 3 8 J A .1 1 0 1 b. 100 Apr. 103% Ja n .
Ckmt. o r* 'i.i.-l* £ .
5s — 1*-> I.' f- *“ -J- 113 b .! i u % Feb, 114 .Tune
87% i 80 is J uno 92% Mar.
S t L .A Tr.M t.A rk. B.,5s,U*35 J A D 104 U. 103 Apr. 101 M ar.
. o n ...
s ..................... 1 W J ! » *
108%
Mar.
1st e x t,, «„ 4% s ......... 1947 F & A 10411) 104 .June 104 %.T une
108%
b,;i0U%
Apr.
0 m OMU of N, 4. —Con il,7 ij,.1809U:*.
----..**■*•.1902, M ft N ...............115 Mar. 115% Mar.
Gen. R’y A la n d g r.,5 g . 1931 A A O 77
67% M ay 77% Fob.
118
Fob.
I
l
l
'
s
ilOO
May
Mobile
A Ohio—N ow 6g ...1 9 2 7 J A D 116 b. 110 w J mio 1 2 1
May
t*env*rai
im
in
x
tt.’,
,>
k
.■>
J
0«n«f*l ©oftC»€^* S f . . . 1987!,.
68 %
96%b.! DO A pr. 104 % Fob.
G eneral m o rtg a g e. i« 1934 M A S
65% Apr. 68% Jttne
U toft W,B.,bfra..7*.a»,d.li)00! % r“
*<
luorurix’i-An.un : -;1 * a
-N, 76 b.t 75% May 90 Feb. Naalu Oh. A St.L .—le t, 7 a..l*U 3 J A J 132
27% .Jan. 132%,Tune
11« b. 114 Mar. 116% Fob.
Oonsol,, 5 g ..........................1928 A A O 98 %b. 98% J u n e 102% .Mar.
okjIc. A
5®C-. ..192L*[
A®. IXXsk
ft ImiC,
!••>•> *»
101 ' {
P a d jfio
C entral Panto
cv. s-u o ld , 6a. 1S08IJ f J 103 »sli. 100 J a n . 103% May N. Y. O enual—Debt ext, 4 a, 1995 M A N 1 0 3 # ) . 101 ■%Ja u . 104 % Mar.
1 0 2 %b. 99% Ja n . 101% Apr.
le t , eonpon, 7 e ..................1903 ,1 A J 1 2 0 %b. 117% Ja n . 121% A pr.
g .......................I S ... J * J
K I '.'n 5••■g,
Ihif, -S
_K»F
Debase, 5a, coup., 1884..1904 M A S 109%b. 106 Star. 110% M ay
Coe*. A Ohio.
e t. A. 6{Sir..l90-lA
g ..l9 o , «, V
■ 130 b. l i t ) Ju n . 121% M ar.
N, Y. & H arlem . 7s, reg,.1900 M A N n o % b . 1 1 0 M ay 114 Mar.
M nrt»»K i-.6ir................. 1911 a * 2 1 2 0 b. 118% Jau. 1 2 1 4 J u n e
107% Ja n . 112 Apr.
R.W. A Ogd., ooneola, 58.1922 A A O 120® ). 117% Jan. 121 Feb.
lMoPi.
6 «..... ............. 193:> — J *5 110%
72 M ar. 76% Feb.
74%
W est Shore, g u ar., 4 a ___236) J A J 109 b. 105 Ja n . 109 % Apr.
g e n e ra l 4 % *.<................ J S ? " j 2 *|
B.ft A.Dlv., l« o o u .,4 « .I 9 v < •[ * • 103 b 97 J an. 104% M ar. N. Y. OMo. A St. L.—4 g — 1937 A A O 105
103% Apr. 106% M ar.
93% Ju n o N. Y. Lack. A W.—le t , §8..1921 J A J 139 b. 136 Mar. 138% M ay
“
2 d c o a „ 4 g . - l 9 S9 i ® J, 03
--- b. 88 Ja n .
115 J a n . 1 2 0 %J a n s
Ohio. Bar). A Q —Con. ?«. 1903 " « J 120%
C o n stru c tio n , 5 s .............. 1923 F A A n « % b , 116% Mur. 118 J ah,
101 %
93 Feb. 101% June N.Y, N. H. A H .—Con. deb. otts. A A 0 137% 132% Feb. 140 M ar.
Debenture,fis.................. 1 9 1 3 “ * -N. 101A
99% M ar. 103% Ju n o N. Y. OUA & W .- K e t 4s, g.1992 M A S 94%
96 Feb.
Convertible 5a.................19C-S £ * *> 103%
88% Ja n .
Oonsol., l e t , 5s, g ............1939 J A D 109 b. 108% ___
Den ver Division 4 s ........ 1922j{ , * AI 95%b. 93 Feb. 96% Ja u .
Feb. 1 1 1 M ay
~
1
0
L%
t).
J
A
J
91%
93
Apr.
87%
Ja
n
Ja
n
.
.
103
% J an.
N.Y.Sus.A W. 1 st ref., 5s, g.1937
Nebraska Kxten-'i'n, 4s.l»27>"} * «
100
G en. o s ............................. 1 9 4 0 F A A Oj a. 68 J u n e ' 7 4 % J a n .
Han. A 8 t. J os.—Coms.8s.1911 f * ® 120 %b. 118 M
" ar. 121 Feb.
A
A
O
113
b.
H7%b.
115
Apr.
114
A
pr.
119%
Jan.
Cbte. * E. 111.—1st, 9, t 68.1907 ■[ * D
M idland of N. J „ 6s, g .,.1 9 1 0
116% Apr.
Consol 6 g ......................... 1931 * * g 125 %b. 124 Apr. 126 M ay Nor. A W. Ry.—1st, cons.,4g.'96 A A O 73%
67% Apr. 74% Mar.
General consol., 1st S s . . l 9 3 «,oI A N 99 H)
93% Feb. 101% M ar. No. Paolflo—l e t , ooup. 6 g .l9 2 t J A .1 119 %a. 113 Ja u . 119 J u n e
891%
89 y jiin e
P rio r lieu , ry . A l.g. 4, g.1997
Ohleavro A E r le .- ls t , 5 g ..l9 8 2 :M A N 109 %b. 108% May 112 Ja n .
83% Ja n .
55%
93 Jan . l o t Ju n o
Cato.Gas L. ft(J,—1 st, 5 g .. 1937 " * -J 103%
G eneral lieu 3 g ...............2017 u
51% Apr. 56% Feb.
135% 128 J a n . 135% J u n e No. Paolflo Ter. Go—6g . . . 1938 ■ T A J 103 b. 9 7 % May 110 M ar.
Cate. Mil. A S t P.—Cott.7#. 1 9 0 5 " A
I19%b. 115% J a n . 119 A pr. Ohio A Miss.—Con.s.f., 7 e .l8 9 8 J A J 104%b. l o t Mar. 104% S tay
let. SouthwestDlv., 8 s ..1909 “ A
A
120 1>, 115% J a n . 120 J u n e Ohio Boutbern—l e t , 6 g .,,1 9 2 1 J A D 85 a. 83% Fob.
90 ,Tan.
1st, So. Minn. Inv., 8 s . . 1910
ft
117
8 b.
1 1 2 J a n . 117 % J im e
UT.CH.A Pao. W .l)lv .5 s..l9 2 1
G eneral m ortgage, 4 e ..l 9 2 1 M A N
8% Apr. 115 J a n .
A
113 b. 106%.Tan. 113 J u n e O reg o n lm p r. Co.—Ia t6 g .,1 9 1 0 J A D 85 b. 84% J une 90% J a n .
C hi A ft Mo. R iv .D lv .,5 e..l9 26
A
114
Oonsol. 5 g ..............
1939 A A O 118 b. .15 Feb, (19% M ar.
110% Ja n . 114 % May
Wise. AM m n.,Dlv ,5 g ...l9 2 1
A
115
Term inal, 5 g .............. ....1 9 1 4
110% Ja n . 115 J u n e O re.R.& N av. Oo.—l i t , 6 g .l9 0 9 J A J *ii3% b. 110 J a u . 114 Apr.
ft
103%b.
80 May
90 J a n . . 102% Mar.
Gen, M.. 4g., series 4 . ...1 9 8 9
RR. & N av. oonsol., 4 g.1 9 4 0 J A D 84%
80
Ja n .
Mil. A Nor.—1st,eon.,6 s. 1013 J ft D ,U 7 % b 118 Jail. 118% Fob. P en n . Oo.- -i% g , Ooup....... 1921 tT ,A J , ‘ 113 b. 109% Ja u . 113% May
A
ft
U
t
42
93%
104 F eb.
140 J an. H I Ja u .
Peo. Deo. A E v a n sv .—6 g .1 9 2 0 J A J
Onto A S . Pao., 1st. 5 £ ....1 9 4 0
93
May
90 b. 91 J u n e 108 F eb.
Calc. A N. Vf.—Oonsol.,78.1915 < i - r 144 b. 140 Ja n . 145% Apr.
E vans. D ivision, 6 g ___ 1921 M & 8
Coupon, gold, 7 s .......... ..1 9 0 2 J A 1J 116%b. 116 Ja u . 121% May
27% Ja n
2d m ortage, 5 g .................1926 x ® N 1 0 a. (1 0 May
Stoking (a n d , 6 » ............. 1929 A A O i U i‘3l). 111 Ja n . 119 Mar. P itts. SU. A I,. E„ 1st, 5 g. 1910 A A O I03%b. 93 J a n . 103 %J an a
S tak in g ?an d . 5 a....... ....1 9 2 9 A A O I l l t). 103% Apr. 112 Mar. P ittsb n rg A W estern—4 g .1917 J A ,i 6 8 %b. 66 J u n e 74% Ja n .
Stoking la n d , debeo., 5 s. 1933 M A N 109 b. 1 1 0 % Ja n . 115 % J une R eading'O o.—Gen., g. 4s .199 7 -J * J
83% .June
83%
80% A pr.
25 -y o tr deb en tu re, 5 * ...1 9 0 9 ,M A N 109% 1 0 8 Ja u . 110 Apr. R io G r. W estern—l e t 4 g „ 1 9 3 9
74%
70% Mar. 74% Feb
Extension, 4 s ...........,...1 9 2 6 **A A 103 b. 101 Ja n . 101 M ay St. Jo , & Gr. Ialan d —6 * ..1 9 2 5
I 59% 147% J all. I 60 J nne
Mil, L. Sb. A W„ 1st, Off. 1921 M A N 13l% b. 131 May 134 A pr. 8t. L .& 8 a n F r .—6 g .0 1 .B .1 9 0 S
114 b. 112 Ja u . 115% Feo
111%
E xtern A Imp., 5g ....1 9 2 9 1 ? * A 115 b. 112 Mar. 115 Ja n .
G eneral m o rtg ag e, 6 g .,1 9 3 1
103% Ja u . 111% J u n e
Cble. R.I.A Pac.—6»,,'im p.l9l7;J * J 132 b. 128% Ja n . 132 Apr.
1003$ Ju n e
100%
1931
Genar ti, 5 g ................
94% J a n
69%
Extension and ooL, 5 s ...1 9 3 4 J A J 106% 101% Ja n . 106% Ju n e
70 J u n e
Railroad, 4 g . ................... 1996
62% J a n .
30-year d e b e n tu re ,5 h, ..1021 M * 8 99
67%b. 59% A pr. 70 J a n .
93 Ja u .
99% Feb. St. L. A So. W.—1st, 4a, g. 198 i
Gale. 31. P. Jt, A O . - 6 s . ..1 9 3 0 J A O 130 %b. 126 Ja u . 133% May
24%b, 15 Anr.
28 J a n .
2d, 4a, g.j in c o m e ...........19-19
Cain,A,V,Ind.—G en.,g.,Ss.1932 <4—M U8 b. 116 M ar. 117% Ja n .
119 %0, 116% .Jiin. 122 A pr.
St.P.M.&M.—D alt.JB x.,6g.l9U j
Clev. I. ir. A Wnrel.—5a. ..1933 * & 0 * 97 b. 98 M ay 102 Ja u .
127%0. 123 Ja u . 127% May
letoon aol., 6 g ..................1933
O V. C.A I.-C o n so l.7 g ...1 9 1 1 J A O ’ 130 b. 131% J a n . 131% M ay
106%b, 102% Ja u . 107 M ar.
“
rad n o ed to 4% g ..
G eneral, consol., 8 g . . . 1934 J A J 127%b. 123% J a n . 127% May
9 2 b, 87% Ja u .
94% S tay
M ontana e x te n sio n , 4 g.1 9 3 7
0.
C .C A H t.U -.8 t.l..D iv.,ls.l930 M
A S 92% Ja n . 96% Apr. S an. A nt. A A .P .—la t,4 g .,g u .’4S
58%
95%
59% M ar,
54%
P eoria a E a ste rn , 4*. , .1940 A A 0
03%
90
b.
93
Apr.
70 Mac. 75 Ja n .
So. Oar. A Ga.—1st, 5 g . . . 191 m
37% Fei>.
Oot. M idland—Con-.. 4 * ..1 9 4 0 f * A M 0%a. I 6 M ay 117 Jail.
96% M ay
93 b. 90 Feb.
So. Paeitio, Art?,.—6 g ,..1 9 0 9 -U t
0>1, A 8 th Are. gu. 5s, * ..1 9 8 8 H A S 117% 115% Mar. 118% Ju n e So. Paolflo,O al.—6 « ...1 9 0 5 -1 2
108
Jan .
100
b. 106 May
001.
H .V aLA X ot—O o n .,5 « .ism M
* %b.
5
t an
1 s t OOnaol.,gold, 5 g ....... 1937
63 Feb. 38% Ja n .
90
9 J J nne
85 Feb.
G eneral, « * . . . . ............ ..1901 J A O
50 a. 49% Feb. 87 Ja n .
101
'
So. Paoifle, N. M.—6 g ....... 1911
102 J an. lO iU iJu n e
D rnv RioG r.—1 st, 7s,g. 1900 M A N •110%b. 109% May 113% Apr. Southern—1st eons, g, 5 s. 19 c
91%
37 % Mar. 92 J une
1 *• co n so l.,4 g. ...........1 9 3 6 J A J
86%b. 87% Mar 89 Ja n .
89% J a n .
87 b. 86 M ay
13. Tenn. reorg, lien l-5s. 1938
001. * Iron ft'g e —1st, 5 s . 1937; A A o
93 Mb. 97% J u n e 101% Ja n .
E.T. V. AG .—l e t , 7 J ....1 9 0 i
1 1 0 %b, 107% J an. llO T gjune
O ul.90. «b, A Alt,—5 * , . . . 19371J A .1 102%b. 99% Ja n . 102 Feb.
Oon. 5 g ......................... 1953
103% 107 Ja u . 109% A pr.
e ttxon Kt. ill. -Istvtson.g.Sa.'OJiJ A J 113 b. 104% Ja u . 113% J u n e
116%b. 107% Jan . l Hi -Mar
Georgia Pao. let- 5 - 69 , g . , 1 9 2 2
Erie—t , g, p rio r b o n d s
1996 J & J 91
K uorv. A Ohio la t S s .g .. 1925
115
83% May 9.5% Feb.
112 Ja n . 115 Fell.
G eneral, 3 -4 , g .............. 199©J A J
68
62 May 66% J une
Rioh. iO a n v . ooa. 6 s,g ..1917
123 b. 117% Ja n . 123 M ay
E rie U r.—1st, oon., 7 g ..l9 2 0 |M A N 11 2 % 139% Mar, 143% Fob.
WesANo.OarlBtoon.6 s .g l j Li
115 b 111% J a n . 1 141*3 M ay
E g Hook. oonsoL, 6 a . 1935:4 A O 135 b. 133% Ja n . 138 Mar. Standard Rope AT., I s 6.6 r .l lid
63 a. 65 Mar. 79% J a n .
Pt. W, A Den. City.—4*6 g. 19211J * 0 82 a. 53 J a n .
80
61 Ju n o T e u n .0 ,I .A R y—Tea. O .lec.d.
79 J u n e i 88% M ar.
G atH .% 8 4 n.A 0 -M .AP.IElBt,r>g|M A S| 89 %.
89 M ar,
83 May 91% Feb.
BlrrnlngliatH Dly., 6 g,..1 9 L 7
87
79 A pr.
!ie a , ftiertrlc.d eb . 5 s ,e ...l 9 2 2 J A 0 99%
90% Ja n .
90 F eb.
9.*% J u n e T exas A Paolflo—1st, 5 g ..2 0 o *
;8 9 %
85% Ja u .
ilon«. 4 r.O an t. g en .4*,g. 19 2 1 A A O 03%
2d, Income, 5 g . . . . . .. . 3 0 0 ,
65% A pr. 70 M ar.
22%
18 A pr, ,23 Ja n .
llitiiiilsC en tral.—is.g , ...1 9 5 3 M A N 101 b. 99% Ja n . 10S Ja u . T oled o,ft Ohio Oenf.—i g . . 193 7 J
103 %b, 102 Mar. 103 Feb.
Meat,*rn U n a s ,1st, 4 s ,g .l9 5 1 !P A A 105 b. 100% Feb. 105% May Tot, St. L. & ICan. 0 . — 6 g ..,1 9 1 a
1 70% f 60% May t 70% J u n e
lot. tG re a t <or —l» t,6 s,g 19tUlM & N 118 %b, J 17 May 120 Apr. Union Paolflo—0 g ............... 1893
103% 101% Mar. 10.5 Feb.
M,4>-i-5s ................. .
1909!M A H 70
73 Ja n ,
98 Feb.
80 Feb.
E x t, sto k in g fluid, 8........ 189.1
i 89 b. 83 Ja u .
Iowa C entral. —1 st,5 g ....193*1.1 A 1> 91 %b. 88 Apr. 97% Jan.
Collateral tru s t, 4%........ 1913
(49% Ja u . (5 0 J a n .
S hi
Co, K ie v .- l» t,v g . 1925 J A .( 45 b. 44 Feb. 50% Mar.
Oiitiat. tr. t>», g. n o te s ... 1903
101%
M ay
102 a. 101 Slay
;»» —1st,
19U>’ (J—W
98 b. 93% J a n .
*U7%1) 113% Ja n . 117% M ay
93% Juno
E*k.. Ktle i.W .- t .- 5 g ...1 9 3 7 J A J 117 b. ,113% Ja n . 117 *4 .Tune
lato o n sa U , 6 « ...........1 9 D ) d A a * 71% (67 Ja u . (78 Ja n .
A ..“ b.ire.—Oomop., l* t,7 * . 1900 J A J HJ%b. 110% Jau. 113% Mar.
Oregon Sh ort U n e —6 g .1 9 2 2 P A A (118
f l l l % J a u . 119 M ar,
C
t i i p „ 2 tl, 7*....... 1903 J A I) 120% 11.< J a u . 121% Mar.
Or.S.L.AO't'hN.—0bn.,5gl91.s) A A U t 79% (63% Ja n . 179% Ju n o
i.. i.Vti.T.-r. - 1 s t, go., 5s. 1911 A & O: 109
1100 A pr. 111% Mar.
U .P .D en .& G alf,o o n .,5 g .l9 3 JU A 1) 37%
33 A pr. 37% J u n e
U m , A*. A P av .P .g it, Ss.g 1993 M A
117% 115% Mar. 118 ' Feb.' U. S L e a th e r—3. F deb.6g.1913 i d .x N u r n 110 M ay 114 Feb.
E ons Istond,—1 stt eon.
' .1 9 3 1 i ...
« m .,f«
%—J | 120 a. 113 J a n . 119 M ay V irginia Mid. —Gen.M .. 5 s.1936 M A N 99 %t). 100 Ja n . 103% Mar.
General mortgage,
»K *,4*...l!l38 J A 0 . 87% i 76% J a n .
88% Mar. Waaash—1st, 5 g . ............... 1.939 M A N 101% 101% J u n o 107% J a u .
L- 7 r C 5 i-u . —Core
:<jns.7»..1B93IA A 0 103% ,102% Apr. 106% Mar.
63% A p r. 73% J a u
2d m ortgage, 5 g ----------- 1939 F A A 69%
1 . 0 * Mobile, 1st, « * ... 1980' J A J 122>sb. 110 Ja n . 123 J u n e
" " Apr.
' 25 J a u .
O eben., S eries B ---------1939 J f t J * 2 2 b. 18%
**
"
2<t. lig. 1 9 3 0 .1 A J 102 b. 98% Ja n . 103% Mar. West N. Y. A Pa.—1st, 5 g .l9 3 7 J A J 108 %b. 104% J a n . 108%,Tuuo
G eneral, 8 * ......................1930 J A l l U 5% b. 115% Ja n . 118% May
50 Fob.
Gen. 2-3-is, gold______ 1943 A A O 43 b.| 43 May
u n t ile d ,4 g ________ .,.1 9 4 0 J A J
82% i 78% .I an. 82% J nno W est.Un.Tel.—Ool.tr. 5 a .. 1938 J A J 103% 106% Jan. 109 J u n o
Ernsts ,V. A AOIs.—1*1,6*. 1910 -T * J 115% 111 Ja n . 115% J,Ilia Wiw. iN A . Co i-i >« ...1 9 3 7 J A J t 32
|t2 8 May ( 4 0 S tar
• o n t o - ■i* si..Uc*ve« prio* bid; “ a” prioe atlteti; the range Is m ade up from aotnal sales only. * Latest prlee th is week, t Trust receipts.
4 a.or. .

79B.K STOCK KXCHAKftE I*It f CEX—{ Gout Inno d),— IN ACTTVK BONDS-JUNE! 11.
B & m n n tim ,.

Bm,

Aitk,

>aUr<Hi<3 B onA & r
rk,
■

Afti h

P r fe m .j

>Mi ii*—1 »i, fc, g u a r - *1928
M S lia . m i l ,- « -%ML
112

M m sh a
% f §§., _ I950i
A s , r, m7 —24 w , t x ; m .
ft IHviylQt? in e m m ®.. 1910

:rj'102.i

SHSOURITIB8*
mut. A O h io- 1st, 6 s, Park B .1919
•>«. gold ................................... 1925
Cons, inert., gold, 5 b............1988
W Vu. A P itta ,-* B t,« ., 5 s ..1990
R. A 0 . 8. W„ 1st, g„ 4 % » .„1 » 9 0
M onou. R iver, 1 s t,«., g ,5 s ..1919
O ent'I OMo B oor.—1 st. 4% s. 1930
A k .ftO h .Ju n e.—lHt.g.5H,«n..l930
Brooklyn E levated 2d, 5 s ... 19 5
M,.
,t. I> p 1 st .-.I-.., OT1 1 42

Rid.
80

97%
43

Ask.
108
85
102

S E C U R IT IE S.
B runsw ick f t W 'n—1 st, g., 4 a .1938
Buff. R.& P it l 8 .- R .f t P .f t t ,60.1921
Reob. ft P itts .—Oftn».let,68.1922
Olear.Ai Mah,—ls t,g u .,g ,6»,1943
Buff, ft Susqneh.—1 st, hi., g .1913
B url. Oed.R ap. ft No. 1st, 58.1906
Consul, ft oollati, tr u s t, 5 »..1934
M inn, ft St. L.—l e t , 7s, g u .. 1927
Ced. Rap. X. F . ft N „ 1 st, 08.1920
‘ ■at ?>«........
... .
T<»21

Bid,

Agk,

126%
118 121*"
105% 106%
*103
105
*102

JC N E 12

i'HE CHRONICLE.

n><7 i

1133

1 W TORE STOCK EXCHANGE PKICES.—I N A C T IV E B O N D S —(C o n tin u e d ) —J U N E 11.
>t5€H?BITLB8.

B id .

A ek.

0 O hio—Ool. ACln.M .I«t,4% 8.1939>
^ n t . R K > Bank. —Col. g .5 s .13371
91
C ent. R y. of G a.—
!
30
1 s t, pref. in co m e, g .t 5 s -----1945;
9
10
2d, pref. incom e, g., 58 ......... 1945j
*4
5%
3d, pref. in c o m e .g ., 5 s ..........1945'
91%
M ac. A Nor. D iv .. le t , g ., 5 s . 1946
M obile D iv ., 1st, g ., 5 s — 1 9 4 6
0 * 01. of >. t.—O o n v .d e b .,6 8 .1 9 0 6
0 * n t. Pacific—
E x t. g. 5s, aeries A B C D ..1 8 9 8 102 %
G old 5 b, series E .................... 1898 10 2 %
Sum Joaq u in B r .,6 s ................ 1 9 0 0 10 1 %
Mort. go ld 58...........
1939
Land gran t, 5 s , g ......................1 9 0 0
Cal. A O. D iv ., e x t ., g. 5 a ...1 9 1 8
West. P acific—BonaB, 6 s ---- 1899
103
No. R a ilw a y (C»M —1 s t, 6 s . 1907
50-vear 5 e .
1938
92'
H ect. W ashington—Is*, g., 6 s .l9 3 8
C h a s . A S a v .—1 s t, g ,, 7 s ..........19 3 6
C ues, A O.— Pur. M. fa n d , 6 s . 1898 104% 106
Oraig V a lle y —1 s t, g ., 5 s . ... 1 9 4 0
Spr. V a l., l s t, g. 5 S ..1 9 4 1
E liz. L.A B ig S a n d y - G . 5 s . 1 9 0 2 1003s ICO*4
C£.oa. O. <s 80. W est.—1 s t 6 s, g .1 9 1 1
*d, 6 s .............................................1911
Oh. V. -G e n .o o n .lB t,g u .g .5 s.l9 3 8
.........
Ofcioago & A lto n —8. F ., 6 s ---- 1903 112%
lo u ia . A M o. R iv e r —1 st, 7 8 .1900 111% 112
2d , 7 s ..............................
1 9 0 0 108%
St. L. J a ck s. & CMc.—2d, 7 s .l8 9 8
M ise.R. B ridge—1 st, s. f ., 68.1912 102%
Chio B url. A N or.—l e t , 5 s ---- 1926 104%
Ohio. B u rlin g. A Q.—5 s. 8. f . . l 9 0 1
io«ra D iv .—Sink, fu n d , 5 s .. 1919 108
S in t —g f u n d ,4 s ..............
1919 100 100%
90
lain , 4 s .......................................1 921
C hicago A Io w a D iv .—5 s . . .1 9 0 5 104
C ilc . A Indian a Coal—1 s t 5 a . 1 9 3 6
C hi. Mil. A 8 t .P .—1 s t,8 s ,P .D .1898 i ’o'51* *106’
2 1 , 7 3-108, P. D ......................1 8 9 8 131
l i t , 78, $ g., R .D ......................1 9 0 2 132 135%
l i t , I . A M .,7 a ......................... 1897
l* t , 1. * D .,7 a ..........................1899 l i m a
lB t,C . A M ., 7 s ......................... 1 9 0 3 132%*
137
1 st, I. & D . E x te n sio n , 7 8 ... 1 9 0 8
l i t , L a C. A D a v ., 5 s ..........- 1919 113%
l i t , H .A D ., 7 a ........................19 1 0 130% 131
112%
1 st, H. A D ., 5 b ....................... 1 9 1 0
122
C hicago A P acific D iv ., 6 s . .1 9 1 0
MLneral P o in t D iv . 5a............1910 109 110
0 . A L. 8np. D iv ., 5 e...............1921
Fargo & S ou th ., 6e, A bsu . . . 1 9 2 4 107
in o .o o n v . sin k , fu n d , 5 s . . . .1 9 1 6 105
D ak ota A G t. 8 o n th ., 5 s . ...1 9 1 6 112
I f 11. & Nor. m a in lin e —6 a ... 1 9 1 0 117%
C hic.& N orw .—3 0 -year d eb .5e.1921 112
B ecanaba Sc L. 8. 1 st, 6 s . . . .1 9 0 1 .......... —
D? b M. A M inn.—1 st, 7 s . . . . 1907
Io w a M idland—1 s t, 8 s ..........1900
Uhlo. Sc M ilw aukee—1 s t, 7 s . 1898 104
Win. A 8t. P .—2d , 7 b ............. 1907 125
If Q. A M ad.—1 st. 6 s ..............1905 108
O tt. O. F. A S t. P.—1 s t, 5 s . 1909 108
W^rthern D l.—1st, 5 s ........... 1 9 1 0 107%
M il. L. 8. AW .—Cod .d e b .,5 s . 1907 103
M ich. D iv ., le t , 6 b................1924 i s m
A sh lan d D ivlaion—1 st, 6 s 1925 126
O h.R .I.A P—D .M .A F .D .lst 48.1905
1 st, 21*8....................................1905 *62% 70
E x te n sio n , 4 e ........................1905
K eokuk A D ea M .—1st, 5 s .. 1923
Chic. Bt. P. A M inn.—1 s t ,6 s .. 1918 130 132
132%
St. P a u l A 8. O.—1 st, 6 s ........1919 131
Ohio. A W. In d .—1st, a. f., 6 s . 1 9 1 9 105
Ohio. A W est. M ich.—5 s ..........1921
Oln H am . A D .—Con. 8. f., 78.1905 118
* d , gold . 4 i* s ............................. 1937
Oln. D. A Tr*n—l e t .g n , 5 B ,g .l9 4 1 107%
C ity A 8ub. (B a lt.)—1 st, g., 5 s. 1922
C le v .A t. A U o i.-E q . A fcd 6 s .l9 3 0
Olev.& Can.—T r .c tfs .fo r ls t5 s .1 9 1 7
69
67
U .C . C. A St. L.—G en., g. 4 a .. 1993
Cairo d iv isio n , 4 a .................... 1939
90
Spring. ACoL D iv .—1 st,g. 4 s. 1940
W hlteW .V al.D iv.—le t,g . 4e. 1940
C in.W ab.AM .D iv.—le t ,g .4 s .1991 *89
Cln. I. S t. L. A O.—1 s t,g .,48.1936 101 % 102%
Consol , 6 s ................
1920
rin .8an .A C l.—C o n .la ttg .5 s, 1 9 2 8 109
Indian a B. A W.—l e t pf.7B.1900 1073*
Ohio Ind.AW .—l8 tp r e r .5 8 ..1 9 3 S
Peor. A E a st.—Incom e 4 s ..1 9 9 0
C. Col. Cln. A Ind.—1st, 78,8.1.1899 105
C onsol, sink, fu nd, 7 e ............1914
110%
(fin. A 8pr.—lat.C.C.C. A L 7 s. 1901
G leve. L orain A Wh.—1st, 5 b. 1933 *97
Glev* A M ah. V .—G old. 5 s . . .1 9 3 8
C ol. Mid. 1 st, g ., 6 s, a s s td — 19 3 6
62
DeL L ack. A W,—M on. 7 s . .^ .1 9 0 7 128
Syra. B ing. A N . Y .—I bI, 78.1906 125 129
Morris A E ss e x —1 s t, 7 a . . . .1 9 1 4 142% 143
Honda, 7 s . . . . . . . . . . . . . . . . . . 1 9 0 0 111 %
T iO f 1 8 7 1 ............................... 1901 113% 114
IstfO on .. g u a r., 7 b...............1915 142
Warren —2d , 7 b .............. . .. . . 1 9 0 0 109
D.
A H .C an,—P a .D lv ,,o o u p .7144
a .l9 1 7146%
A 'ban y A Susq —1st, go.,7a. 1906 123 126
1st, con s., g u a r., 6 s ........... 1906 118 119%
B e e s. A Bar. la k 3onp., 7 s. 1921 145
D e o v . T ram w ay—Cons. 6 s, g . 1 9 1 0
Rfet opol. R y.—ls t,g u . g .o s.1 9 1 1
D en y A R. G.—Im p .,g ., 5 s . . . 1928 *80
85
D et.M . A M .—L. g. 3% 8,ser.A ,1911
18% 2 0
D et. & M ack.—1st lie n , 4 « ,g ..l9 9 5
4a, g o ld ............. . . . . . . . . . . . . 1 9 9 5
E rie—1 st, con. g. 4 s .................. 19 4 7 1113i 112%
2d, ex te n d e d , •*>« . . . . . . . . . . . . 1 9 1 9 120 123%
3d, ex te n d e d , 4 %r. . . . . ...........1923 114% 116%
4th, e x te n d e d , 5 s . . . . . .............1920 119°6
5th e r te n d’e d , 4s
1928 103%
l st. c o n ., g.. Cd. 7a . ............1920
1 3 3 ”"
i •

S E C U R IT IE S .
E r ie —( O o n .)~
B ifi. A 8. W,—M ortg. 6 e ....1 9 0 8
■*fier3on—1st, g o . g 5a , .. .1 9 0 9
1922
HR, ~<»s.. _____
~>ook A T ro p t.,l8 t 6e, our’ov 1913
A T.TT.— st, con s., 68.1921
*t. g en era l, g., 58 . . . . . . ___1942
: t xV*"r\nn lq t 6 a , . . . ............ .1 9 2 3
■!. Co. Br. 1 st, g., 5a............1930
E ana. A In d ia n .—1st. o o n s ..l9 2 6
F llh t A P. M ara.—M ort., 6 s ...1 9 2 0
1 st, con. gold, 5 s .....................1 9 3 9
Pt. H uron D iv .—1 st, 5 s . . . . 1939
Fla. Cen A P en . —1 s t g. 5 s . . . . 1918
1 s t con. g ., 5 8 ............................1943
1st, 1. g.. e x t. g ., 5 s ................ 1930
F t. St. U n. D e p .—1st, g., 4%s .1 9 4 1
Gal. H ar. A S an A n t.—1 s t, 6 8 .1 9 1 0
2 d m ort., 7 s ............................... 1905
Ga. A A la., 1 st, pref., g. 5 s . ..1 9 4 5
Ga. Car. A N or.—1 st, gu. 5 s, g .1 9 2 9
H ousaton io—Cons. go ld 5 s — 1937
N . H a v e n A D erb y, C o n s.5 s..1918
H ons. A T ex . C.—W acoA N .78.1903
1 s t g ., 58 (int. g td )..................1937
C ons. g. 6a (in t. g td ).............. 1912
D eb en t. 6s, prin. A in t. g td .1 8 9 7
D eb en t. 4 s, prin. A in t. g td .1 8 9 7
Illin o is C entral­
i s t , g ., 48 -........................... .. .1 9 5 1
1 st. gold, 3% e............................1951
G old 4 s ....................................... 1952
2 -1 0 g ., 4 s ...................................1904
Cairo B ridge—4 a ......................1950
Springf. D iv .—C oup., 6 s ___ 1898
M iddle D iv .—R eg., 5 s........... 1921
O. St. L. A N. O.—T en 1., 7 8 .1 8 9 7
1 st, oon sol., 7 s ....................... 1897
Gold, 58, c o u p o n ..................1951
M em p, D iv ., l s t g . 48.........1951
B ellv .A So. 111., gu., g ., 4 % s.l897
Ced. Falla A M inn.—le t , 7 b. .1 9 0 7
Ind. D . A Spr.—1 st 7 s, 19 0 6 , tr u st
r ec ta ., e x b o n d s................................
Ind. D ec. A W.—1 st, g., 5 8 ....1 9 3 5
Ind. Ills. A Io w a .—1 st, g, 4 s .. 1939
1 st, e x t., g. 5 s ............................1943
Int. A G. N’n .—3d, 4 s, g ......... 1921
K ings C o .-F .E l.,lst,5 ,g .,g u .A .1 9 2 9
L ake E rie A W est.—2d g ., 5 8 .1 9 4 1
N orth’n Ohio—1st, gu. g. 58.1945
L. 8. A M .Sou.—B .A E .—N e w 7 s .’98
D et. M. A T.—1 st, 7 s .............. 1906
L ake Shore—D iv . b on ds, 7 s . 1899
K al. A ll. A G. R .—1 s t gu. 58.1938
M ahon’g Coal R R .—1 st, 5 s . 1934
L eh ig h V .,N .Y .—1 st gu.g.4% 9.1940
L eh ig h V’y Coal—1 st 5 s ,g u .g .l9 3 3
L eh igh A N .Y .—1st, gu. g. 48.1945
E lm ir a C .& N .,lst.g .l8 tp f.6 s .l9 1 4
G uar., gold , 5 s ...................... 1914
L ttchf. Car.A W est.—1st 6s. g .1 9 1 6
L ittle R ock A M.—1 st, 5s, g . .l 9 3 7
L ong Isla n d —1st, 7 s ............... 1898
F erry, 1 s t, g ., 4 % s ................1922
Gold 4 s .........................................1932
N. Y. A R’w a y B . - l s t , g. 5 s . 1927
2d m o rtg ., In c ........................1927
N .Y .B .A M .B .—1 st con. 5 s ,g .l9 3 5
B rookl’n A M ontauk—1 s t,6s. 1911
1 s t, 5 s .......................................1911
No. Shore B r.—l e t c o n .5 s ,g .l9 3 2
L ouis. E vans. A St. L .—C on .5e.1939
L ouis. A N a sh .—C ecil. Br.‘ 7 a ..1907
E. H . A N ash .—1 s t 6 s, g . . . . l 9 1 9
P en sa co ja D iv isio n , 6 s ..........1920
St. L ouis D iv isio n , 1 st, 6 s ... 1921
2d, 3 s .........................................1980
N a sh v . A D ecatu r—1 s t ,7 s . .1 9 0 0
8. f.,6 e .—8. A N. A la ...............1910
5 0 -y ea r 5 s, g .,........................... 1937
P en s. A A t.—1 st, 6 s, g o ld ...1 9 2 1
C ollat. tr u s t, 5e, g .................. 1931
L.A N . A M.AM.—l8 t,g .,4 % sl9 4 5
N ash .F lor.A S.—le t , gu ., 5 s . 1937
S o .A N o.A la., con. gu. g., 58.1936
K en tu ok y C entral—4 s, g . . . 1987
L. A N .—L ou.C .A L .—g. 4 % s.l931
Lou. A Jefi.B d ge Co.—G u .g,4s. 1945
Lou.N .A lb.A C h.—G en.m .g.58.1940
M em phis A C hari.—6 s, g o ld .. 1924
M exican Cent. C onsol.—4a, g .1 9 1 1
l e t , oons. inooine 3 s, g ..........1939
M exican N a tio n a l—1st, g ., 6 8 .1 9 2 7
2d , in co m e, 6 s, “A ” ................ 1917
2 d , incom e, 6 s , “ B ” .............. 1 9 1 7
M ichigan C entral—6 s .............1 9 0 9
C oupon, 5 s ....................
1931
M ortgage 4 s ............................... 1940
B at.C .A Strgis.—I s t,3 s ,g .g u .l9 8 9
M inn. A 8 t. L.—1 s t, g. 78 .......... 1927
Iow a E x te n sio n , 1 s t ,7 s ........1909
S o u th w est E x t.—1st, 7 b___,1 9 1 0
P acific E x t.—1 st, 6 s ............. 1921
M o.K. A T ex .—1st, e x t., 5s, g .1 9 4 4
M o.K.AT.of T e x .ls t,g u .5 s .g .l9 4 2
K a n sa s C ity A P ., l e t , 4 s , g . . 1990
D a l. A W aco—1 st. 5 s ,g u . ., . 1940
M issouri P a c ific —T ru st 5 8 ... 1917
1 st c o ll., 5s, g ........................... 1920
M obile A Ohio—1 st e x t., 6 8 ...1 9 2 7
St. L. A Cairo—4 b, g u a r ........1931
Morga n’a L a. A T .—1 s t, 6 a .. . . 1920
1 st, 7a....................................... ..1 9 1 8
N ash. C hat. A St. L.—2d, 6 0 ..1 9 0 1
N. O. A. N o. Is.—Pr. 1., g ., 6 s .. 1915
N . Y. C entral.—D eb. g. 4 s ___ 1905
N . J . J u n e—Gnar. 1st, 4 b . . . 1986
B eech Creek—lst> g o ld , 4 a .. 1936
O bw . A R om e—2d, 5 s ,g .,g u .l9 1 5
U tic a A B l. R iv .—4e, g ., g u .1 9 2 2
N . Y . A P u t.—1 s t, g ., 4a. g u .1 9 9 3
N. Y. N . H . A H.—le t , r e g .ls .1 9 0 3
N Y .Sr Vm-thf'iTO—1 st. g. 5s 199/7

p rice F rid a y ; these a te th e la te s t quotatione made th is weeb.

Bid.

A sk.

SE C U R IT IE S.

N . Y . Susq, A W est —2d, 4 % s .l9 3 7
T erm inal. 1st,
5 s .............1 9 4 3
L06% 107%
W ilk.A E ast.—I s t ,g td .,g .5 s .l9 4 2
N orthern P a cific—
10*5
St. Paul A N. P —G en., 6 a ..1 9 2 3
111% N orfolk A Son th’n —1st, 5 s ,g .l9 4 1
N orfolk A West,.—G en eral, 6 s .1931
N ew R iver 1 st 6 s ....................1932
Im p. A E x t.. 6 s......................... 1934
C ol.Conn. A T er..1 s t,gu.g. 58.1922
'110
Ohio A M iss.—CodsoI. 7 s ........ 1898
84%
2d consol. 7 s ............................. 1911
76
S p rin g.D iv.—l s t 7 s......... ... 1 9 0 5
G eneral 5 s ...................................1932
Ohio R iver R R .—le t , 5 s ........... 1936
G en, g .,5 s
1937
106%
Om aha A 8t. L ou is.—1st, 4 s .. 1937
1 07
Oregon A C alif or.—1st, 5 s, g .1 9 2 7
100
P enn -P .C .C .A St.L .C n.g.4% sA 1940
Do
do
S eries B 1942
Do
do
Series C 1942
120%
Do
do
Series D , 4 s, 1945
P .C .A S .L .-l8 t,0 ..7 8 .................. 1900
125
P itts. F t. W. A C.—1 st, 7 s . . . 1912
111
2d, 7 s .......................................1912
101
3d, 7 s .........................................1912
Oh.8t.L. A P .—ls t,c o n .5 s ,g .. .1 9 3 2
* 95”
O lev. A P .—Cone., 8. fd ., 7 s . 1 9 0 0
G en. 4%s, g ., “ A .............. 1942
no
113
Do
do
Series B 1942
100
St. L.V . A T. H .—1 s t , 6 s., 7 a .1 8 9 7
102%
2d , gu ar., 7 s ................
...1 8 9 8
101%
Gd.R. A I.E x t.—lst,4% s,G .g. 1941
A lleg.V al.—G en., gu., 4s, g .1 9 4 2
113%
N . ACin. B dg., g e n .g u .4 % s,g .l9 4 5
10 2 % 1 0 2 % P en n .R R .—1 s t real. est. g. 4 s .l9 2 3
101 % 102%
C le.A Mar’ta—1 st,gu.g.4% s. 1935
102 102%
D. R iv.R R . A B dg—ls t,g u .g .4 s .’36
125
P eoria A Pek. U n ion —l e t , 6 8 .1 9 2 1
2d m ortg., 4% s.........................1 9 2 1
*98*
P itts. C leve. A T ol.—1st, 6 s ... 1922
P itts . A L. Er.—2d g . 5 s, “ A ” . 1928
P itts. Mo. K. A Y .—l e t 6 s........1932
P itts. P a in sv . A F .—1st, 5 s . . .1 9 1 6
101
P itts. S h en .A L .E .—lsto o n .5 8 .1 9 4 3
P itts. A W est.—M. 5 s, g .1 8 9 1 -1 9 4 1
P itts .Y ’g s t’nA A .—1 s t, 5 s.c o n .1 9 2 7
Rio G rande So.—1st, g ., 3 -4 8 .1 9 4 0
31%
40
St.Jos.AGrd Isl.—1st, g, 2-3-4S.1947
*38
102% St. L. A . A T. H .—Term . 5 s .. 1914
101
B ellev . A Car.—1 st, 6 s...........1923
104% 104%
C hi.St.L .& Pad.—1 st,g d .g .5 s 1917
St. L ouis So.—1st, gd. g. 4 s .l9 3 1
do
2d in com e ,5 8 .1 9 3 1
107%
120
Car. A S h a w t.—l e t g. 4 s ___1932
120
St. L. A S. F .—2d 6 s , g ., el. A .1906
97%
96
2d, 6s, g., c la ss C .................... 1906
1 s t, tr u st, g o ld . 5a................. 1987
94
F t. 8. A V .B .B g .—1st, 6 s . . . 1 9 1 0
8t.L .K an. A 8.W .—le t , g .,68.1916
St. P au l C ity K y, c o n . 5 s, g . .. l 9 3 7
G old 5 s, g u a r ........ ................ .1 9 3 7
*15
St. P a u l A D u lu th —1 st, 5 s ___1931
2d m ortgage 5 a ............. ........... 1917
103%
St. P au l Minn A M.—2 d M ,6 s .l9 0 9
M inneap. U n ion —1 s t 6 s ___1922
M ont. Cen.—1 st, gu a r., 6 8 ..1 9 3 7
1 s t guar. g. 5 s ........................1937
42%
35
107%
E ast. M inn., l e t d iv . 1 s t 5 s . 1908
105
W ^ irarA S iou xF .—le t , g ,5 s,1 9 3 8
San F ran. A N . P .—1 st, g., 5s. 1919
8 a v .F l.AW est. —1 st, cou. g .6 s .l9 3 4
8 aboard A R oanoke—1 st, 5 8 .1 9 2 6
104
S e a t.L .S .A E a st.,l8 t6 8 ,a sst.p d l9 3 1
Sou th ern —A la. C ent., 1 st 6 e .1918
112
A tl. Sc Char.—In com e, 6 s . . . 1900
105%
Colurn. A G reeu.—le t , 5-6 8 .1 9 1 6
E. T en n .V . A G a.—D iyia.58 1930
R ich.A D an.—E q. s. f. g. 5 8 .1 9 0 9
109%
D eben. 5 s, s ta m p e d .......... 1927
Vtr'a Mid.—Serial ser.A , 6 s . 1906
99
96
S eries B , 6 s ...........................1 9 1 1
95% 98
S eries C ,6 s ..............................1916
96
Series D , 4 - 5 s .........
1921
104%
S eries E , 5 s ............................1926
85
*75
Series F , 5 s ............................. 1931
91%
G en., 5s, guar., stam p ed .1 9 3 6
89
W ash. O.&W.—1 s t ou r.gu .4s.1924
Sunbury A L e w is .—1 st, g .,4 s .l9 3 6
Ter. A s’n of St. L .—1 s t, 4 % s.l9 3 9
44
1 st, con. g. 5 s .............. .1 8 9 4 -1 9 4 4
S t.L .M er.B r.T erin .,g.5s,gu ..l930
T ex a s A N ew O rleans—l8 t.7 s . 1905
Sab ine D iv isio n , 1 st, 6 s . . .. .1 9 1 2
C onsol. 5 s, g ..................
.1 9 4 3
T ex . A P a c ., E. D .—1 st, g. 6s. 1905
T hird A ven u e (N .Y ).—1 st 5 3 ,1 9 3 7
T.AO.C.—K a n .A M ., Mort. 4 e .l9 9 0
119
Tol. Peo. A W est.—1 st, g ., 4 s .i9 1 7
108
U lste r A D e l.—1 st, c o n .,6 .,5 s . 1928
U nion P acific—1 st, 6 s ..............1896
139
1 s t, 6 s . . . . .................................... 1897
1 s t, 6 s .......................................... 1899
C ollateral T rust, 6 s ................ 1908
121%
C ollateral T rust, 5 s ................ 1907
K a n sa s P acific—1 s t 6 s, g . . .1 8 9 5
70
1 s t, 6 s , g ......................
1896
80%'
O. B r. U P . - F . o., 7 s . . . . . . . 1895
A toh. Col. A Pao.—1st, 6 s ... 1905
100
U .P . L in. A Col.—1 s t,g ., 5s. 1918
45
U ta h A N orth.—1st, 7 s ......... 1908
G old, 5 s ....................................1926
U ta h Southern—G en., 78 ..1 9 0 9
110
E x te n ., 1 s t, 7a........ . . . . . . . 1 9 0 9
W abash—D eb en tu re, Ser. A .. 1939
D eb en tu re, S eries B ............1 9 3 9
D et. A Chio. E x t. 1 st, 5s, g .1940
103% 103%
8t L.K.O.&N.—8 t.C .B d ge6a.l908
103
W est N .Y .A P a .—Incom e 5 s . . 1943
108%
West. Va. C. A P itts .—1 st, 6 s. 1911
W heel.A L .E .—1st. 5 s , g o l d . .. 1926
10 6
W heeling D iv ., 1st, 5 s, g . . . l 9 2 8
106%
I E xten sion A Im p, g ., 5 e........1930
121% 123% Wis. C ent. Incom e 5 s ..............1 9 3 7

For m iscellan eou s B o n d s —8ee d p age preceding

Bid.

A sk

T04%
89%
128
104
121
119

106*”
121

104%
101%
100
*83
*47%

52
'72% '
*110
110% 111
107%
100%
109%
138%
137
132
115
110 111 %

10 0

..........

........

115
*77

80

143

62
105

64

90
iiT " 1 1 5 4
114
*87
1 00
*35

1 0 2 " 102%
121 121%
120

122

106% 107%

116

120

99%

99%

81

108%
107% 108
1033g

123%
74%
62
99%
103%
104
104%

75
65

101

*71
111%
115
*28"
19
1 17
100
79
79
*22
*95
109
11%

29

96%
13
91%

..

70
10

THE CHRONICLE,

1U4
|u u e s t m
AJCD

e n t

K oads .

[ / o l , LX1V,
L atest Brass E a rn in g s.

Week o r Mo

1897.

1896.

J a n . 1 to L a te s t B a t s ,

1897.

1806.

$
$
4
i mi. D ee. A W est. 3 d wk May
175,9248,518
152.753
8,808
J la ilr o a d
I n t e l l ig e n c e .
65.060
70.863
283,199
875.921
Ind, 111. A Iowa.; April.........
48,600
In. A Gt. N orth'll ls tw k J'no
47.011 1,390,240 1,254,08849,817
tlm eroo. (M ei.l ;Wk.May22
887,881
49,338 1,031.151
771,126
43,197
I o w a C e n tr a l... ith w k M a y
42,557
813,380
20,503
3,021
RAILROAD EARNINGS.
3,709
15,529
Iro n R a ilw a y . .!M a y ............
28,228
Jack. T. A 1C. W.! A p r il..........
119,479
115,760
29,549
The following table shows the gross earnings of every Jameat’n A L .E . January,..
2,813
2,813
193,746
fTv oi railroad from which regular weekly or monthly returns Kanawha&Miob IthwkM ay 13.301
8,983
197,542
AM. uhw kM av 108,927
86,894 1,854,407 1,750,637
CJ4I, obtained. The first two columns of figures give the K.C.F.Seott
31,927
K.C.Mcm A Blr. IthwIiMay
455,932
23.070
494,274
gross earnings for the latest week or month, and the last two Kan. C. N. W— May
24,838
20,512
105,550
140,491
V n — P i rw i. A m
J a-t- . .
columns the earnings for the period from January 1 to and K
38,821
6,077
1.703
an.C ity fit Om. 14tbwkMay
91,009
36,577
258,986
K
.
C
.P
itta.
A
G
..
11,088
Istw
k
J'no
764.737
Including such latest w e e k or month.
K
a
n
.C
.S
u
b
,B
e
lt
.
.
.
119,118
172,024
12,138
10,014
tstw
k
J'no
T> • r, turns o f thc street railways ere brought together sep- K eokuk & W est. Sd w k May
160.482
0,841
7,375
140,110
1* on a sultsequent page.
26,753
4,203
3,788
29.942
L, E rie A ll & 80. M a y ............
67,773
67,411 1,408,611 1,475.806
L. Erie & West-1 1 Rtwk ,T' ne
Ja n . 1 to L atest Bate. Lehigh &, H u d ..b ta y ...........
hotelrt G rott E a rn in g s.
161,842
29,218
36,859
134.921
69,071
19.382
05,656
20,081
L ex 'g to n ifcEast. A p r il..........
ROAD*.
1890,
1897.
1896.
W eckortlol 1897
341,873 347,045 1.230,303 1,209.692
Long Isla n d . . . . M a y
37,521
0,252
31,290
8.847
Los Ang. Term. May
$
*
S
I
583,745
Louis.Lv.& St.L 4thwk51ay
38,446
545,012
39,567
61.103 Lott. H. & St. L .. IthwkM ay
71,105
14,7381
A dirondack.,.—'April— --*;
1,',,292
180,752
11,378
11,293
175,228
508,603 Loulev.&Nanbv. 4thwk5Iay 562,760 501.001 8,117,599 8,022,242
616,004
35,585
A u f l ' l South. u W k M n y
35.773;
166.014 Macon & B trm .. M ay...........
47,013 i 185,771
24 ,2 u l
Aim. Midland ,. March.......
4,007
51,68c
3,997
24,311
52,936
9,526
Ala. N .O .T er.A Fac. June
10,515
44,516
M anistique....... M ay............
530,131 Memplils&Chas.
528,609
97,143
N Orl A N. E. M ar..........
91,912,
510,735
527,070
46,755
33,426
213,799 SMexlean C ent.. dthwkMay
237,144,
32,999.
A lia * Viokab. M ay..........
39.609
1 st wk J ’ne 258,593 169,656 5.739,698 4,267,763
213.795 M exican Interil. April
212.364
45,230
981,905
232.392 239.498 1,042,265
Vieks.BU. i f May .........
30.263
754,985 ;Mcx, National. 1-tw k J ’no
725,680
Allegheny V al.. April—..- - 193,91, 193,124
96,005
83,010 2,540,863 2,052,136
483,895 Mex. Northern. M arch...
537.334
22,0391
InuA rO or......... DftwkJ'ne
16.868
227,669
167.120
57,706
78,492
23.532 JMexioanR’way Wk.May22
23.082
7,147
7./91
Ark Midland.. March.......
69.000
56.000 1,451,500 1,190,500
Awh-T. A S- Fc. April..........2,510,499 2,203,270! 9,484,008 9,171,548 J le x ica n S o ....... S d w k M ay
200,615
16.000
8,778
283,696
385,0 5 illnneau.& St.L . istw k J ’ne
439,023
Atlanta A Char March.___ 151.415 128,857
775,188
750,126
37,498
37,607
172,614 il.St.P.&S.SLM . ithw kM ay
180,991
35,1.86!
Atiauta A W. F A pril.........
40,064
1,282,751' 1,318,140
89,321
87,605
225,863 Mo. Kan. & Tex. istw k J'no 159,045 108,908 4,442,626 4,008,788
218,209
9,3201
Allan, A D an v. ithwkMay
9,416
920,155 Mo.Pao.&IronM Istwk J’no 366.000 35S,0U( 9.263.000 8,931,265
951,101
Atlantic. A PaC- March---370,390 325,374:
13.532
15,442
8,749
8,130
Augusta se n t’B February.
294,881
4 20,00b
16,000
13.001
Central Br’ek, igtw k J'ne
58,832
53,030
13,243
19,614
Austin AJfFwestjMarch.......
382.000 371.001 9.683.000 9,226,146
T o ta l............ Igtwk J'ne
112,777 Mobile
108,505
35,353
RaU-Pli—.& Ati. Apr!:......... , „ 32,700
112,251
128,251
6,31-9
7,603
&
Btrm..
IthwkM
ay
Balt, A Ohio__ April........... 1,963,955 1,954,149 7,814,079 7,226,344 Mobile O hio.. M ay.
323,826 315,628 1,573,347 1,466,850
B a lA O . Son'w U tw k J ’n e 113,240 108,472 2,493,678 2,562,651 M ont.&M8x.Gll May.
476,885
--------582,467
120,126
90,818
169,272 N ash. Cli. & St. L, April
194,968
Ban ccr A AroOBt March.
393,229 373.030 1,642,466 1,000,911
1,852
1,925
Bath A- Hfuu’uds Starch.......
9,247
19,129
9,375
5,000
A Ft. Sh’p ’a February .
7,047
7,213 Neb
1,700
1,651
Bur. A A tlantic. April.........
5,697
Nevada Central. March.
7,831
2,345
2,059
142,342 N .Y . 0. & H, K ,. M ay...
133,112
44,392
46,320
Bruc^v’k AW eat, March. —
17,440,963
17,401,439
3,704,0-0
3,808,730
80,820 1,274,814 1,256,792 N . Y . O ut. A W .. is tw k J ’n e
87,762
Butt. Koch. A inu AthwfcMay
1,481,914 1,445,020
68,889
76,289
140,422 N .Y .Susq.& W .. April
171,855
40,408
Buffalo A Busy. April.........
51,052
658,943
644,742
157.949 170,012
Bur.G. Rap. AN IthwkMay 115,248: 118,883 1,506,-116 1,700,829 Norfolk & West. JUiwkMay 212,415 200.611 4,216,555 4,659,399
O*undiaul’iuMtic I ntwk J'm- 400,001 403,000 8 ,1 4 s,822 7,887,432 Norrlics’n (Ga.). February .
12,960
11.177
0,855
5,748
21,918
19,751 Northes’n (S. C.) February .
2,453
2,936;
C»r. M idland... M ay..........
114,837
114,289
60,440
61,873
98,780 2,046,346 2,096,742 North’n Central‘ A p r il...... 482,095 493.819 2,062,554 1,962,763
Cent, of Gwrgia, ithwkM ay 102,172
Central of N, J . A p r il.------! 926,770; 947,807 3,524,139 3,712,973 North’ll P acific- IthwkM ay 466,803 414,123 6,056,131 6,270,199Central Pacific. March.— 1,002,729 953.150 2,665,893 2,689,889 Oconee & West. A pril.........
11,291
11.619
2.215
2,399
240,141
223,028 Ohio R iver.........
Oharlc*t'n&Sav. April.........
48,074
45,290
386,970
347,587
21,650
20,035
4 th wkMay
161,024
160,890 Oil 10 Riv.A Chas JIaroh.......
84,313
Char. A tv. Car, February.
81,300,
55,079
52,589
17,730
18,762
189,514 4,630,348 4,386,083 Ohio Southern.. M ay...........
OUc* A Ohio__ U tw k J ’ne 182,481
310,865
266.751
58,809
53.302
Chic. Bur. A Q « April.........-2,675.824 2.511,759 11,113,05 i 10,415,921 Ohio V alley........ January...
27,287
27,287
Okie. A E a st.ltl. Istwk J’ae
8 7,5t0
70,400 1,705,206 1,670,135 Oregon Imp. Co.
987,089 1,030,856
281,367 281,502
:
. ,.*' ‘.I 116,395 1,896,729 1,909,742 Orog.KR.<feNav. April.........
375,220 331,538 1,554,897 1,559,047
ay.
Ofiie.MlLASt.P. lHtwkJ’ue' 609,110 580,772 11,039,031 12,589,938 Oreg. Sh. L in e ,. M
1,604,225
1,626,684
444.780
438,390
8,884,843; 9,888,970 Paoiiio Mall....... A p ril...
Chic- A .Vlhw'u. April.........2,208,610-2,140.080
999,327
413.891 3ol.y.->7 1.133.779
28'-,095
268,228 P e n n sy lv a n ia .} . March..
C b lc.& S o .P a c. April.........1 05,622
03,890
19,318,609 20,026.009
5,1111.972
A pril.
5,132,272
388,083 P eoriaD eo.& E v, 335,360
Chk.PfO .AFtJ. May.......... :
06,889:
70,245
358,576
369,773
14,349
i
6,8*23
Istw
k
J
’ne
ChiaK'k U P . . May.......... 1,202,489 1,201,242 5,852,338 5,938,389 Petersburg......... A p r il...
194,813
53,373
196.755
59,505
: i • : i m
ip i (1—
j 5 1 8 ,3 6 5 500,273 2,136,468 2,265,557 phila. & E r ie ..„
811,385
826,050
290,621 275,606
008,410
598,339 Phila. & R ead... 51arch..
0Mc. AW. Mich. IthwkMay
36,113
31,143
6,388,754
G,135,355
1,554,313 1,635.261
A p ril—
363,328
374,586
70,3t>7
Choc-Ok.A Gull A p ril.....', i 82,980
Coal A Ir.CO.. A p r il...
1.088 392 1,403 964 5,548,752 0,365,503
12,049
C!».Ga. dr Fort*. March.......
4,156
13.580
4,721
Tot. both Co's. A p r il...
2 ,6 1 2 ,7 0 5 3,039,225 11,684,107 12,754,257
OVD.!tick.A Mac LstwkMay
12,084
233,300
239,468
11,278
210,034
179,605
52.336
Pb.
Read.
&N.E.
4 6 ,2 0 4
A
p
r
il...
Cln.N.O. & T .P . M ay..........; 304,896 281,458 1,419,950 1,371,651 Phil. Wilrn. & B.
„
731,373 747,8-, 3
p ril—
17,652
21,51
21,553 Pitts.C.C.& 8 t.L. IA
Cln. Porta. 4 V .J a u u a r y ...
17.652
1 ,0 5 7 ,6 5 4 1,217,276 4,380.495 4,841,332
April
253,291
Cler.Can. A » « .. ithwkM ay
17,634
262,998- Pltts.Usb.& lV’n Afay
22,585
17.320
18,926
3.386
3,240
Ca.Cln.Ch.A St. 1 IthwkM ay 370,940 323,503 5,305,358 5,151,053 Pitts.Bes.iSiL.E. May
247,057
212,049
58,930
5 4 .3 5 0
522,999
578,261 Plttsb. A Wes’n . 4th'wkMay
iv « . A E ast's A pril......... 120,098 136,104
652,273
612,716
47,935
5 0 ,0 4 0
477,993
CtLor. <* Wheel, 14 th w kMttv i 32,550
541,436
48,009
333.151
302.837
24,376
2 4 ,4 6 3
P itts. Cl.&Tol. Ithw kM ay
123,918 166,018
777,080
Ool. Midland— May.........
040,106
106,037
104,168
11,595
1
2
.7
0
4
P
itts.
P
a
.&
F
.
IthwkM
ay
9U2.063 1,022,581
186.512
Con H , V. A Tol. M ay.......... 1 190,296
1,170 95ft
1,080,619
74,850
5
6
,0
7
3
Total
system
..
Istw
k
J
’ne
11,552
22,778
Cot.*R*d Mount February.;
359.224
284,251
8
7
.9
4
0
125.811
Pitt.Young.A
A.
April,
301,910
293,083
01,352
62,813
Ool. gaud's A n M ay____
123,089
117,420
23.364
2 5 ,0 7 7
7,300
4,800 Quincy O, A K.C. M ay..
Ooluaa A L ake.. M ay........
1,300
2,000
237,026
229,691
65,330
6 6 ,8 7 6
2,972
C rystal............. . April.......
948
4,446 Rich.Fr’k8b &P. April.
1,108
114,479
112,198
3
3
.7
0
4
31,265
220.830
249,649 Rich. A Petersb.) A pril.........
50,UO
64,780
Cutub’i’d Valley April.......
186,196
140.953
8,868
i7,71G
Gr. South’n . istw k J ’ne
Deny. & Bto U r .; Utw k J'ne 123,500 130,200 2,075,289 2,937,577 Rio
930,063
958,523
37,800
Rio Gr’de West, istw k .I ’do
4 0 ,1 0 0
50,752
2,140
43,602 St..Jos,&
2,9001
0*» M. A Kan.C 3 d wk M ay.
..
241,554
434,381
12,000
G
r.I...
IthwkM
ay
25.000
30,175.
t>w M .K .A tV .. M ay..........
180.345
158,845
34,345
114,219
117,818
22,036
Ch.&St. P rM ay..
22,057
DctO,Rap.AIV ithwkMuy
28,437)
490,730
443,855 8t.L.
25,035
20,132
3,3 8 9
171,600
Do! A Mackllia. A p ril.. . . . . | 43,837
175,943 St. 1 KcnYtiV-8 0 . Mny ..
•14.905
1,939,765
1,892.533
478,200 4 4 8 .4 2 4
& San FUan.1April.
77,791
DiiiuthH.a.AAU. IthwkMay
40.0*7
552,094
793,470 St.L
7 5 ,2 0 0 1,815,700 1 .9 3 4 ,3 0 4
.0 0 0
458,855
543.345 St.L. Southwest, istw k J ’ne 1 71 18 ,1
KiglnJol A-Last Stay.........79,169)
96,589
500,282
497,320
3 9 109.045'
Paul & D u l.. M ay.
E rie....................... April......... 2,418,507 2,446;795 9,272,435 9,428,752 St.
551,019
632,395
153.949
2
0
7
,1
4
9
San
Ant.
&
A
.P
.
April
14,577 S auF rau.A N .P . M ay...........
K u rc k a sp r-..:- M n rrh ..— ' 6,070;
*5A7913.782
271,374
203.536
68,941)
,0 9 8
l ; l, « .M,! v
7 .5 2 5 .
5 .8 9 3
103,953
120,818 Sav. Flu.AWest. A p ril......... 2 56 70 ,9
1,153,843
1,130,078
286,062
3
7
• v a n s . ,*KlCh. U bw kM aj
2.209
2,352
29,179
41,783
3 0 3 ,3 2 8 270,816)
E v aasv .A i . ti ithwkM uy25.770 24,084
405,036
450,302 Seah’rd Air Line A pril........
108.971
11 0 4 8 0
9,195
9 ,2 0 1
Shcr.SUrev.&Bo. IthwkM ay
552,740 000,127 2,118,245! 2,270,147 811.
n te h b u rK ........ A p ril-----48,193
4 0 ,7 0 5
1 7 ,751
1 8 ,0 2 5
Sprs. O. <&G, March.......
F lin t. .\ I’.Marq ithw kM uy
(.2,995 03,229. 1,09»,929 1,127,163
77,140
5
2
,2
6
0
1
2
.4
7
1
3,5
5
4
S
llv
erto
n
...........December.
!■
6 2 ,4 7 0 5 0 ,9 7 7 1,008,223!
927,7255,832;
7 5 ,1 3 0
403,921
F t-W ’.hAD.-i.J- ithwkMaV
20,745 17.,777
365,455 So. Oar. & Ga. .. M ay...
"
8
,
2
5
2
”
6,718
1,636)
1,5
4
6
rv ir aRiuUt m»v...... . 18.563 10,552 120,244 129,504 So. 11uvend-East M a y ...
875
959
«»d« a- Ait, c M at ........
3,5431
4,374 So. Pacific Co. 1,253,952
1
,0
9
9
,9
9
9
393,519!
37*1,106
Gal. It ar.A- 8.A March,
O eunriaR U . . . . itb 'n k M ay
33.071 25,782
031,891'
608,800
260,229
2 6 2 ,6 2 7
77,40l!
8 9 ,3 3 0
I.ouls'a. W est. March.___
( • w u a a A.-. f l i v k.'t-o
23,304 19,0861
412,704)
267,341
4 4 7 ,7 2 2 395.672) 1,305 923 1,300,286
Morgan'sLiW. March.
W a C a rla A No. A p ril....... - 5 9 , 2 2 1
40,0921
310,6231 270,847
42,546
6
3
,8
0
8
1
3
,1
7
4
10,834
N
.Y
.T
.
AM6X.
March___
e r a . Bo, A Fla...M.<v............
05,393: 71,041;
337,942
857,887
335,952
3 8 9 ,4 2 0
107,651
1 39,413
T ex , A N. Orl.. M arch
f i t . lU p.A ii,< t. nhwk.M av
43,670 4 1 ,9 1 0 ' 741,093!
803,651
/ 3,229.526
/9
9
8
,9
0
2
t'A,
159,628
/1
0
7
9
1
7
8
All.
Prop'tes.o
March.......
Cl(. I; A Ft.'.V t U i a l M u t )
0,988
9,040
170,828
168,309
2 .5 6 4 ,4 8 9 2,603 420, 7,006,571 7.351,290
Pacific system March,
1 ra t er-*-City
Itiiw i t l a ; :
',87!
1,241
1.5,284
19,828
3 ,8 4 5 674 3,720,019 14.6ftl.619 14,789.309
Total of a ll./ A pril..
M))», t i . 1C A. 1 111.’ kA!9 V)
2,696)
2,1.48;
52,700
42,087
So. Pa c. of Cal. March.. . . . 78 0 ,3 1 1 831,597 2,171,303 2,460,738
. • . all liu .- ,• i.v. 1. M,*.
5 7 .M l 54,378
3.-,-,423 1,051,513
642,321
6 4 4 ,1 0 4
2 2 9 ,0 2 0 2 0 4 ,3 2 7
So.f’ao.ofAri?..
March.......
G rand -trunk — ,UbwkM .ivl 488,856' 483,578 0 ,8 0 9 ,2 8 . 0,808,443
309,786
332,506
126,171
9 9 .8 2 3
bo.pac.ofN.M Mul-cil..,
c m . . lir. 1 1 3<5 wk May : 53,342;
01,745 1,117,041 • 1,207,528
104.391
1
83.844
460,580
1
5
4
,0
1
3
Northern
K
y..
March.......
iH i.u r .ll.A ,M ;i,t wh May; 18,5361
10,208
359,344
882,619
7,405,479
4
1
7
,1
1
7
7
,7
9
7
,0
9
5
4 0 0 ,0 3 5
Mar 3(1 w1, May:
2,422!
2,407
•10,4 t!i
50,735 Southern R y ___IthwkM ay
51,783
92,80-1
2
0
,0
0
5
46,1411
8pok.F'ls&
Nor
F
eb
ru
ary.
40,025!
7- .r
7 "'
id wk Ma"
2,120
1,528:
24,508
-1.892
4.0 0 5
1,002
1,403
9touyCl.AC.M t. April.........
325,533
2
6
7
,5
4
3
8
2
,0
9
3
6
1
,8
3
7
,M . A
Siumult
Branch.
A
p
ril.........
•:May........ I,
304,593 1J.20,446 4,981,461 4,988,004
303.716
263,600
7 7 ,8 9 0
5 7 ,4 6 5
Lyk. Val,Coal. A pril.........
of MUi
159,022 143,8-62
820,457
009,983
629,279
5 3 1 ,1 4 3
tU m tM M jK tl M a y ..........
Tot-'l both Co’s A p ril......... 1 19,302 160.1-83
! 5 1 .7 9 1 106,370
777,141
775,188
92,492
8 4 ,9 2 7
4 0 12
3,043
T ot a y s iiii May . . . . . II,
T ex a s C e n tr a l.. IthwkM ay
01-.109 1.430,678 6,279 062 6,373,155
2,545,108
2,721,327
9
8
,8
1
9
8
8
,1
4
9
Istw
k
J'ne
O'UH'rmo AK
11,144
-,90V
47,715
31,915 T cxas& Pacific
12.020
1 3 ,1 9 0
2,5 6 4
2 ,0 8 5
O aif A t'isi' -y
Mai .......
3.911
3,025
18,215
16,385 T cx.e.V .& N .W . May
752,188
8 0 ,5 6 2
696,593
3 2 ,9 1 2
fitoea.Taii.A
April.......
8JA 0
1,365
13,912
15,831 T ol.& O liioC ont. Istw k J'ne
400,000
22,577
2 1 ,4 4 0
3 4 9 ,7 3 8
Hon,.A Trr.lV ;March., , ,
270,333 239,503
747,500
721,779 T ol. P. & W e st.. ithwkM ay
828,988
889,327
39,8891
Illiu .il, C.-utrs M a r ...... U 791459 1 K i l l l i 18.904,350 18.683.933 Tol. St, L. & K.C. U tw k .f'u e
4 0 ,7 4 0

THE CHRONICLE

J une 12. i897.]
L a test G ross E a r n in g s

J a n . 1 to L a te s t D a te .

RO A D S.

W eekor Mo\

1897.

18 9 6 .

18 9 7 .

1135

4 th w eek o f M a y ,

1896.

18 9 7 .

1896.

In c re a se .

D ecrease.

9

9
T e x a s C en tral.......... ........
3,643
4,0 1 2
369
8
T oledo P e o r ia A W est’n..
2 1 ,4 4 0
2 2 ,577
1,137
7 2 ,3 7 8
Tol. 8 t. L. & Kan. C ity ...
5 5 ,145
5 8 ,0 2 0
2 ,8 7 5
8 6 ,912
7 5 .1 6 8
1 1 ,744
2 4 7 ,9 1 9 Un. Pao. D en . & G ulf___
6 4 ,900
7 6 ,3 0 0
1 1 ,4 0 0
16-L934 W estern N . Y . & P e n n ...
3 .4 3 2 ,9 3 8
T otal *75 road s*.. . . . . .
9 ,0 1 5 ,7 6 5 8 ,3 1 4 ,2 3 7
8 72,003
1 7 0 ,4 7 5
1 ,1 9 7 ,4 3 9
in '*nnQa *8*41 p.
2 ,9 3 4 ,7 0 3
...
7 0 1 ,5 2 8
..............
5 ,0 7 8 ,0 1 7
6 0 ,638
Net
Earnings
Monthly
to
Latest
Dates.—The
table follow­
6 1 8 ,6 5 9
2 7 3 ,5 7 2 ing shows the net earnings of S t e a m railroads reported this
8 5 ,156 week. A full detailed statement, including all roads from
179,360 which monthly returns can be obtained, is given once a month
1 ,1 0 8 ,9 8 3 in these columns, and the latest statement of this kind will
5 4 8 ,5 9 9
1 3 3 ,6 1 5 be found in the Chronicle of May 22, 1897. The next will
1 ,7 0 5 ,0 1 1 appear in the issue of June 19, 1897.
3 3 ,9 5 2
-G ross E a r n in g 8.—
- X e t E a r n in g s .—
1897.
1896.
* F ig u r e s g iv e n do n o t in c lu d e O regon R y. A N a v ., U n . P ao. D e n v e r A
1897.
1896.
Roads.
$
B n lf, D e n v e r L ea d v llle A G u n n iso n , M ontan a U n io n an d L ea v en w orth
$
5 1 ,1 5 4
5 1 .8 2 9
1 8 ,1 2 9
T op ek a A S o u th w estern, a T h ese figu res in c lu d e r esu lts on e a se d lin es. A tla n tic <fe D an v’e a A p r .
1 6 ,2 8 5
Jan . 1 to Apr. 3 0 ........
1 7 4 ,7 7 9
182, L33
4 7 ,9 0 6
t>In c lu d e s e a rn in g s from fe r r ie s, e t c ., n o t g iv e n s e p a r a te ly . 1 M ex i­
3 9 .9 1 0
J u ly 1 to A pr 3 0 ........
45 1 ,9 1 3
4 7 8 ,3 5 6
can onrrenov. c In c lu d e s o n ly h a lf o f lin e s in w h ic h U n io n P a c ific h as
1 1 5 ,6 7 7
1 1 6 ,6 7 1
a h a lf in te r e s t
B url.C ed. R. A N o .a ..A p r .
2 5 4 ,0 9 4
29 5 .4 0 8
6 6 ,6 3 1
0 8 ,9 9 2
d In clu d es o p era tio n s o f th e Ohio. B u r lin g to n A N o rth ern in b o th
Jan. I to A pr. 3 0 ........ 1 ,1 8 9 ,3 3 5 1 ,4 4 4 ,7 7 2
4 2 0 ,2 8 1
5 0 2 ,5 7 1
years.
C
hicago
A
No.
P
a
o
...
Apr.
6
5
,6
2
2
6
3
,8
9
6
5
1
,7
1
3
4
1 ,1 1 2
§ C overs r esu lts for lin es d ir e c tly op era ted e a st o f P ittsb u r g .
Ja n . 1 to A pr. 3 0 ........
2 8 0 ,0 9 5
2 6 8 ,2 2 i
2 2 2 ,7 9 6
1 8 3 ,8 7 8
t T he e a rn in g s for th e fo u rth w eek o f A pril in 1 8 9 5 w ere $ 1 ,4 1 1 ,0 0 0
1 3 0 ,2 2 2
12 4 ,8 9 7
2 9 ,5 1 1
A u s tin A N orth w estern , C entral T ex a s * N o r th w e ster n and Ft. W orth Ohio. & W est M ic h ... Apr.
2 5 ,0 6 8
Jan . 1 to Apr. 3 0 ........
4 9 0 ,6 3 8
N ew O rleans.
4 8 9 ,9 0 3
9 7 .0 8 2
7 4 ,7 8 2
tln o la d e s St. L ou is A lto n & T erre H a u te fo r a ll periods.
C hoctaw Okla. A G . Apr.
8 2 ,9 3 0
7 0 ,3 6 7
1 6 ,0 5 4
1 4 ,7 8 5
J a n . 1 to Apr. 3 0 ........
3 6 3 ,3 2 8
3 7 4 ,5 8 6
9 0 ,9 7 3
7 5 ,5 0 6
N
o
v
.
1
to
Apr.
3
0
........
6
2
1
,0
5
3
5
8
7
,5
2
9
1
7
8
,9
5
0
1
1
8 ,8 2 1
Latest Dross Earnings by Weeks.—The latest weekly earn­
D et. Gd. R ap. A VV.a.Apr.
1 0 7 ,8 1 6
9 6 ,8 2 5
2 9 ,018
1 7 ,0 7 7
ings in the foregoing are separately summed up as follows :
Jan. 1 to Apr. 3 0 ........
3 9 3 ,6 5 1
3 5 6 .4 0 8
7 4 ,6 2 5
4 3 ,7 6 6
For the first week of June our preliminary statement
& Maok’o .a .. Apr.
4 3 ,8 3 7
4 4 ,9 0 5
1 0 ,764
1 7 ,7 1 5
oovers 29 roads, and shows 5*58 per cent increase in the D etroit
Ja n . 1 to Apr. 3 0 ........
1 7 1 ,6 6 0
1 7 5 ,9 4 3
5 6 ,968
6 7 ,3 5 2
aggregate over the same week last year.
J u lv 1 to Apr. 3 0 ........
3 1 4 ,0 7 0
3 5 2 ,1 1 7
8 2 ,4 6 4
1 1 5 ,8 7 5
Ed. El. 111. Co., B klyn.M ay
6 6 ,083
6 1 ,473
2 7 ,7 9 4
2 5 ,1 5 2
Jau . 1 to xWay 3 1 ........
3 5 9 ,3 6 3
3 3 6 ,4 5 9
1 6 7 ,2 9 1
1 4 9 ,8 4 8
1st w eek o f J u n e .
1897.
18 9 6 .
In c rea se . Decrease.
F lin t & P ereM arq .a. Apr.
2 3 6 ,4 9 1
2 2 3 ,4 7 2
5 5 ,2 0 2
5 1 ,6 9 8
$
9 0 1 ,5 3 0
Ja n . 1 to Apr. 3 0 ........
$
9 2 1 ,5 4 6
9
2 1 5 ,3 3 4
$
2 2 5 ,5 3 0
2 2 /3 9
18 ,8 6 8
3 , I t 1 I llin o is C e n tr a l.a ...A p r . 1 ,6 2 3 ,6 4 1 1,63 8 ,7 4 1
3 6 1 ,2 1 8
4 3 5 ,2 2 1
B a it. A Ohio S o u th w e st
10 8 ,4 7 2
i ) 3 ,2 4 6
4 ,7 7 4
Ja n . 1 to Apr. 3 0 ........ 7 ,1 0 9 ,8 9 1 7 ,0 3 9 ,4 7 9 2 ,2 0 >,3 *2 2 ,0 9 9 ,1 8 6
O an aaian P a c ific ..............
469,00*
6 6 ,0 0 0
4 0 3 ,0 0 0
J
u
ly
1
to
Apr.
3
0
____
1
8
,5
6
1
,8
7
9
1
8
,6
5
8
,2
7
4
5
,6
2
8
,9
4
9
6
,3
0 5 ,4 3 2
C hesap eak e A O hio..........
182,481
1 8 9 ,5 1 4
7,0 3 3
K an. C ity P itts . & G .Apr.
1 8 0 ,3 4 8
5 4 ,4 0 5
7 0 ,3 3 5
8 ,8 8 7
Ohloago A E ast. I llin o is.
87.50*
7 0 ,4 0 0
1 7 .1 0 0
C hicago M ilw . A 8 t. Paul
6 0 9 ,1 1 0
5 8 0 .7 7 2
2 8 ,3 3 8
L aclede Gas-L. C o... M ay
..............
5 9 ,0 3 6
4 8 ,6 2 0
D e n v e r A R io G r a n d e ...
1 2 3 ,5 1 0
1 3 9 .2 0 0
J a n . 1 to M ay 3 1 ...............................
3 4 9 ,0 3 6
3 1 5 ,1 1 2
1 5 ,700
I n te r n ’l A G t. N orth’n
48,601
47,«11
989
M exioan T elep h o n e .. Apr.
1 0 ,4 2 0
3,6 2 1
1 0 ,1 6 0
3 ,0 1 2
K an. C ity P ittsb . A G ulf
36,577
2 5 ,4 8 9
11,0 8 a
Mar. 1 t o Apr. 3 0 ........
2 0 ,8 1 0
2 0 ,5 6 0
7 ,9 3 9
5 ,3 8 7
K an. C ity Suburb. B e it..
10,014
12 ,1 3 8
2 ,1 2 4
N
orfolk
&
W
est’n
.a
..A
p
r
.
7
9
9
,9
4
9
9
3
8
,1
9
4
1
9
6
,6
2
5
1
4
0 ,7 6 3
L ake E rie A W e s t e r n ....
67,77.'6 7 ,4 1 1
364
—
Ja
n
.
1
to
Apr.
3
0
........
3
,3
8
0
.0
2
9
3
,7
7
8
,9
9
1
9
5
7
,6
6
0
7
6
4
,8 6 1
M exioan C en tra l..............
2 5 8 ,5 9 3
169,55b
8 9 ,0 3 7
Oct. 1 to Apr. 3 0 ........ 6 ,1 7 0 ,0 0 3 6 ,5 8 3 ,9 4 0 1 ,7 3 0 ,0 0 6 1 ,4 0 2 ,4 3 7
M exican N a tio n a l..........
8 3 ,0 1 0
96,06*
1 3 ,0 5 5
M inneapolis A St. L ouis
37.6*»7
Oregon Im p. C o .a .... Apr,
2 8 1 ,3 6 7
3 7 ,4 9 8
109
2 8 1 ,5 0 2
4 0 ,0 5 0
2 7 ,8 0 5
Mo. K an sa s A T^-xas___
1 5 9 .0 4 5
Ja n . 1 to Apr. 3 0 ........
1 6 8 ,9 0 8
9 3 7 ,0 8 9 1 ,0 3 0 ,8 5 6
5 0 ,9 0 6
* 9 ,9 2 3
9 1 ,4 6 8
Mo. P acific A Iron M t___
3 6 6 ,0 0 i
3 5 8 ,0 0 0
D eo. 1 to Apr. 3 0 ........ 1 ,2 4 4 ,0 3 5 1 ,2 7 1 ,1 8 4
8 ,0 0 0
1 3 2 ,2 1 5
4 6 ,3 9 8
C entral B ran ch .............
1 6 ,0 0 0
1 3 ,0 0 0
3,0 0 0
Oregon Short Line. b. Apr.
4 3 8 ,3 9 6
4 4 4 ,7S0
2 4 2 ,9 1 5
2 3 4 ,1 8 6
N e w York O nt. A W est’n
6 8 .8 8 9
7 6 ,2 8 9
7 ,4 0 0
Jan . 1 to Apr. 3 0 ........ 1 ,6 2 5 ,6 8 4 1 ,6 0 4 ,2 2 5
7 3 3 ,3 7 2
7 7 2 ,2 1 7
Peoria D ec. A E v sjisv . . .
1 6 .8 2 3
1 4 ,3 4 9
2 ,4 7 4
6 7 ,5 2 8
7 2 ,1 9 4
11,546
1 8 ,9 2 2
5 6 .0 7 3
7 4 ,8 5 0
1 8 ,7 7 7 P eo ria D6o. A E v .. . . Mar.
Jan.
1
to
Mar.
3
1
........,
2
1
7
,4
0
9
2
1
7
,9
5
3
5
4
,8
3
6
6 9 ,7 9 9
Rio G rande S o u th e r n ...
7 ,7 1 6
8 .8 6 8
1,152
Rio G rande W estern___
4 0 ,1 0 0
3 7 ,8 0 0
PhU. Read. A N .E ng.. Apr.
4 6 ,2 0 4
5 2 ,3 3 6
2,3 0 0
14,328
1 4 ,8 4 6
Bt. L ou is S o u th w e ster n ..
7 1 .0 0 0
7 5 ,2 0 0
Jan . 1 to A pr. 3 0 ........
1 7 9 ,6 0 5
2 1 0 ,6 3 4
5 7 ,0 9 2
5 5 ,4 7 5
4,2 0 0
T ex a s A P a c if ic ............
9 8 .8 1 9
8 8 ,1 4 9
1 0 ,6 7 0
1 5 ,397
W.Virginia«fe Pittab..M ar.
3 3 ,0 5 3
2 9 ,4 1 4
1 5 ,5 9 4
T oledo A Ohio C e n tr a l..
3 2 ,9 1 2
3 0 ,5 6 2
2,3 5 0
Jan . 1 to Mar. 3 1 ........
8 3 ,3 9 5
85, L56
4 5 ,0 1 0
3 6 ,5 5 8
T ol. St. L. A K an. C ity ..
4 0 ,7 4 0
3 9 ,8 8 9
851
J u ly 1 to Mar. 3 1 ........
28 4 ,5 3 1
2 9 3 ,7 6 2
1 4 5 ,1 5 5
1 7 0 ,4 2 6
2 2 4 ,2 6 0
2 2 8 ,3 2 5
4 ,0 6 5
W heeling A L ake E r ie ...
19,9 8 6
28,3 8 7
8,401
a N e t e arn in gs h ere g iv e n are after d ed u ctin g ta x e s ,
8 1 ,9 4 4
W isconsin C e n tr a l............
9 6 ,1 0 0
1 4 ,2 1 6
b N e t e arn in gs h ere g iv e n are before d e d u ctin g ta x e s .
U n io n P a cific—
9
1
A ch.C ol.& P. > ,M arch.......
3 7 ,3 8 4
2 4 ,1 6 9
A c h .J .C .& W )
C ent.Branch.rr 2d w k M ay
1 4 ,0 0 0
1 0 ,0 0 0
C en.B r.A L ’dL. M arch........
8 7 ,5 6 9
5 2 ,6 4 3
fir ’d to t a l.*c M arch........ 1 ,3 6 6 .0 4 6 1,232.785
U n .P .D e n .& G .. Ith w k M a y
8 6 ,9 1 2
7 5 ,1 6 8
U n ion P. R R .. M arch....... 1 ,1 30,211 1 ,0 71,907
W a b a sh ............... I stw k J ’ne 224,26*' 2 2 8 ,3 2 5
W aco A N orthw . M arch........
19,977
20 ,6 2 5
W .Jersey & S ea ’e,|A p r il..........
1 9 1 ,0 7 4 1 9 6 .5 1 1
9 7 ,6 0 7 1( 2,971
W .V .C en .& P itts M arch........
W e st Y a.& P itts. M arch........
33,0 5 5
2 9 ,4 1 4
W estern o f A la.. A p r il..........
45,571 i
3 8 .3 8 9
W est.N . Y. A Pa. Itb w k M ay
6 4 ,9 0 0
7 6 ,3 0 0
W heel. & L. E rie Istw k J ’ne
1 9 ,986,
2 8 .3 8 7
W il. Col. & A ug. F ebruary
6 6 ,9 3 8
6 5 ,2 2 0
W isco n sin Cent. Istw k J ’ne
81 ,9 4 4
9 6 ,1 6 0
W righ tsv .A T en . A p r il..........
5 ,3 6 9
6,243

8
1 1 0 ,0 3 8
3 5 6 ,6 4 6
2 5 6 ,6 4 6
3 ,7 9 4 ,8 1 5
1 ,3 1 0 ,3 6 9
3 ,1 1 8 ,0 5 2
4 ,6 6 7 ,0 4 6
5 3 ,6 1 5
607,461
2 5 9 ,7 9 4
8 3 ,3 9 5
210,955
1 ,0 4 9 ,4 0 1
4 1 8 ,1 8 3
1 3 0 ,5 1 6
1 ,6 4 5 ,3 1 9
27 ,7 3 7

interest CIturges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
For the fourth week of May our final statement covers also report charges for interest, &c., with the surplus or deficit
75 roads, and shows 8*44 per cent increase in the aggregate above or below those charges.
—I n te r ’t, r e n ta ls , <*«.-> — B a t. o f N et B a r n s .—
•over the same week last year.
18 9 7 .
1896.
1897.
18 9 6 .
T otal {29 r o a d s)............
Net 1 n orea se (5-58 p. o.)..

3 ,4 6 1 ,3 6 7

3 ,2 7 8 ,3 8 1

4 th w eek o f M ay.

1897.

18 9 6 .

P r e v ’ly rep orted (30 r’de)
A labam a C l, S o u th e r n ..
B alt. A Ohio S o u th w e st..
B url. Ced. R ap. A N o ith .
C hicago G reat W estern..
Chic. <fc W est M ic h ig a n ...
C leve. C anton A Sou th’n
C leve. Cln. Ohio. A 8 t. L ..
G lev. L orain A W heeling
D etro it Gr. R ap. A West.
D ulu th S. 8. A A tla n tic ...
E v a n sv . A In d ia n a p o lis.
E v a n sv . A R ichm on d___
E van sv. A T erre H a u t e ..
F lin t A P ere M arq uette
F la. C ent. A P e n in su la r ..
F t. Worth A D env. C ity.
G rand R ap id s A In d ia n a
Cln. R ich. A F t. W ayne
M us. Gr. R apids A Ind.
Orand T ran k o f C anada.
K an. A lly F t. B. A M em ..
Kan. City Mem. A Blrm .
K ansas City A O m ah a. ..
L oulsv. E v a n sv . A St. L .
L o u isv ille H en d .A St. L ..
L ou isville A N a sh v ille ...
M em phis A C h a r le sto n ..
M inn. St. P . 4 8.
M obile A B ir m in g h a m ...
N. Y O ntario A W estern
Norfolk A W estern..........
P ittsb u rg A W estern........
Sherm an Sh reve. A S o ...
Sou thern R a ilw a y ............

*
4 ,4 1 0 ,5 3 9
3 5 ,7 7 3
1 4 7 ,7 7 4
1 1 5 ,248
102,172
1 3 5 ,9 9 9
3 6 ,1 1 3
17,6 3 4
3 7 0 ,0 4 0
3 2 ,5 5 0
2 8 ,4 3 7
4 0 .8 8 7
7 ,5 2 5
2.2 0 9
2 5 ,7 7 6
62,9 9 5
0 2 .4 7 6
2 0 ,7 4 5
3 3 ,0 7 1
4 3 .6 7 0
9 ,9 8 6
787
2,6 9 8
4 8 6 ,8 5 6
1 0 8 .927
3 1 ,9 2 7
6 ,0 7 7
3 9 .5 6 7
11,578
5 0 2 ,7 6 0
4 6 ,7 5 5
89,3 2 1
2 3 1 ,1 2 7
7,6 0 3
9 6 ,8 2 5
2 1 2 ,4 1 5
4 6 0 .8 0 3
8 7 ,2 0 7
7 3 ,5 0 0
9,201
4 6 9 ,0 3 5

#
3 ,9 7 2 ,0 0 0
3 5 ,5 8 5
1 4 4 ,396
1 1 8 ,* 8 3
S8.78*
1 1 6 ,395
31.1 4 3
22,5 8 5
3 2 3 ,563
4 8 ,0 0 9
2 5 ,0 3 5
77,7 9 1
5 ,8 9 3
2 ,3 5 2
2 4 ,0 8 4
6 3 ,2 2 9
50,9 7 7
15,7 7 7
2 5 ,7 8 2
4 1 ,9 4 0
9 ,0 4 9
1,241
2,1 4 8
4 8 3 ,5 7 8
8 6 .8 9 4
2 3 ,0 7 0
1,703
3 8 ,4 4 6
11,2 9 3
5 0 1 ,0 6 4
3 3 ,4 2 6
8 7 ,6 0 5
2 4 2 ,4 2 7
6,3 3 9
1 0 6 .1 3 0
2 0 0 ,6 1 1
4 1 4 ,1 2 3
8 3 .9 0 6
7 5 ,7 0 0
9,1 9 8
4 1 7 .1 4 7

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

In crea se.
9
5 0 9 ,7 8 5
189
3,378
3,392
19 ,6 0 4
4 ,9 7 0
4 6 ,4 7 7
3,402

9 4 ,0 3 8

D ecrease.
9
7 1 ,246
3,635

4,9 5 1
1 5 ,4 5 9
3 6 ,9 0 4

1,632
143
1,692
2 34
11,499
4,968
7,2 8 9
1,730
937
550
3,2 7 8
22 ,0 3 3
8.8 5 7
4 ,3 7 4
1,121
285
6 1 ,6 9 6
13 ,3 2 9
1,716
1,2 6 4
. . . . . __
1 1 ,8 0 4
5 2 ,6 8 0
3,301

______
454
______

1 1 ,300
9,3 0 5

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

$
$
$
3 3 ,6 7 3 d e f.4 ,3 9 7 d e f.8 ,6 0 -l
1 3 5 ,2 5 5 d e f .lo ,7 2 8 d e«.60,4 7 3
d e f.2 ,9 4 6
.........
6 4 ,9 5 0
........
1 6 ,2 5 1
1 3 ,1 7 7
826
1 1 ,1 8 2
..................
5 1 ,3 7 6
1,6 2 6
322
2 0 4 ,5 0 8
3 ,0 2 4
2 1 ,0 2 2

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shews the gross earnings for the latest
pe.iod of all s t b e e t railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is
the same as that for the steam roads—that is, the first two
columns of figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
the calendar year from January 1 to and including such latest
week or month.
STBEET

R AILW AYS A N D

TRACTION

L a te s t Gross E a r n in g s .
G r oss

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

R o a d s.
Ohio. A W . Mioh......... Apr.
J a n . 1 to A pr. 3 0 ........
Ohoo. O il. & G ulf....... Apr.
N o v . 1 to Apr. 3 0 ___
D et. G d.R ap.A W est. Apr.
Jan. 1 to Apr. 3 0 ........
F lin t & P ore M a rq ... Apr.
Ja n . 1 to Apr. 3 0 ........

E abn ing b .

W eek or Mo

Akron Bedf'dcfe Clev.
A m sterdam St. R y ...
A nderson E l. St. R y ..
A tlan ta R a ilw a y .........
B altim ore T raction ...
Bath St. R y. (M aine.)
Bay C ities C onsol—
B ingham ton St. R y ...
B ridgeport T raotion.
B rockton Con. St. Ry.
Br’blyn Rap.Tr. Co.—
B rook lyn H e ig h ts..
B r’k ly n Qu’na & 8ub
T otal for sy ste m .

A p r il..........
A p r il..........
A p r il..........
M a y ............
A p r il..........
M arch........
M ay............
A p r il..........

1897.

18 9 6 .

*
*
6 ,7 4 2
6,373
3,603
3,6 7 9
4,124
6.991
7 ,2 3 4
1 15,250 L18,167
1,510
1,496
6,1 8 4
6,578
9,932
10,078
28,445 2 9 ,808
2 5 ,082 2 3 ,8 5 3

C O M PA N IE S.
J a n , 1 to L a te s t D ate.
1897.

18 9 6 .
$
2 2 ,1 3 1
1 4 ,47 5

%
2 3 ,419
1 4 ,059
1 6 ,827
2 3 ,618
4 8 6 .5 0 2
5,2 9 2

2 3 ,8 0 5
4 7 2 ,4 9 5
5,44 1

1 1 9 ,7 1 9
9 4 ,6 2 7

U 9 ,4 3 0
8 5 ,5 3 2

M a y ............ 417,442 42 8 ,4 3 6 1 ,7 9 9 ,1 4 0 1,791 ,7 7 4
M ay............ 0 8 ,814 0 9 ,495 2 8 6 ,4 3 4
2 7 5 ,7 7 7
M ay............ 48 6 ,2 5 6 4 9 7 ,9 3 L‘2 .0 8 5 .6 2 4 2 ,0 6 7 ,5 5 1

l HE CHRONICLE

1136
0»e»
K***H!MX

...........

iM t e tl O ro ts S a n i n g * .
\U e k a r U o

« « * * !• * v .................. M arch.......
T f d m t M u . - ■■ M arch ..,*.
, t |f i ,r.',
A pril . . . . .
Ci«vr av.I K W lJlV .. A p ril.........
14# v«. P* i *i*V.A K..,.. Ajprll.......
Ctov-•«;•!*«* m . Rv. RL> May.
Cm.&wf i * i m
&
'A p r i l ......
fSMt&vwUm* BA. t J g h t k ■
Mf--.___ . . . . . A p ril....... .
B if if f r ftift, Trtffiw A pril
l( f t™ n O ti'n .'M . Ry. 1 - tw k J 'n e
P c i st*11 Kitec. K y . . . . . A p ril. . . . . .
PniB th h . ic$ . . .
M n rcli.. ...
Frit* KVr. Mntnr Co.. A p r i l ......
Q . i \ « s i O K City U v.. Marcii.......
Hn.fk'i*pcr MoliawS ilton a F% tort ELRy - M a rc h .....

e«'«:rt Rj ...........April......
Hos.-neti t.u i \ H I. Ky A p ril.........
In tv n ,t 8tv CaflBOi. Ol!
N orth AlU«l*'ir>*..- A p r il,.......
SUnt*t-.tj cMJ Ky.......[A pril..........
L v b l . b T r a c t i o n ........... A p r i l ..............

I.«r.s.ni8l K>*. ■( ,n.! A p ril.........
A pril.
lj> »*ii l a w , A l i a r
' lstw k.1 'Hr
M etro.W . Side (Ohio.); A p ril.
M oiU ioiucrr St. Ky A p ril.........
M -n tr- .. HUret K y... A p r i l ......
Kw m i Lire. til’klyn) iA p ril.........
!«rvvt'ijr,;h Kleemo.- A p r il,. . . . .
kctr JEnklMJd St.—
Wmciwsuw A v r ... .March.......
PtynPth A KUt.sbon M a rc h .....
I o ta ) ..................... M arch........
VY\.
c t B y .. A p r i l ......
S . O rio ab ,T rartiP ® [M ay ....__
5 orili - it-T ractio n May .........
Ufiler.shiirg St. K> .. A p ril.........
ff.E> r«<>a By
A p ril.........
t'H i-K M ,» u k K1.B e A p r il........
ro"«r.<)-»i» .v iVapp.F. ip r il.........
8>« a. * 'fr B y.......
F e b r u a ry .
S •)uy. k; ; 1 i iv i,« u .. M arch.......
tSv.i-tiylkt Vai. Trac. A pril
Seraiitoo A CaraomlV: A p ril....... .
eeran w i, * I'n irto ti.. A p ril.........
Si-r.ii.tE>!. R ailw ay__ A p ril...........
Scrota! 4 « , U h ti.b .ijA p rll.........
ey n ictu * EYt-BltloK) jA p ril.........
i j r a o n .e Bop. T r. Ky 'A p ril.........
T rrre U.ttiie Ei’v. By. A p ril.........
U llrrt .4 re . <8. A.)
[M arch.......
Tor,,»-’(
......... M ay .........

1807.

1896.

*

$

■

1897.

[Vox,. LXXV

Fort Worth &Dinvar City Ity.

18 9 6.

fR e p o r t fo r

*
823,076
38.340
5,949
50t .779
-.0,563
233,0?7
87,035

13. f W 13.731
1,685
im 5
128,617 131,300
Sf6iia . . . . . . . .
4 M 7 0 58,109
25,002 20,699

#
385,151
38,083
5.907
504.175
259*121

87,623
33,387
222,118

8,330
7,932
59,832
57,18
20,961 2U.978
32.788 35,109
15,51(8 17,05?
0,784 11,25 4
14,558 13,528

31,933
214.321
435,557
131,933

3,720
3,667
544;
H 7S\
15,074 lli.Osi

10,644
2,032
57,967

59,437

9 ,7231 0,312
4,0-11
4,185
7.24!
9,126
6,1 61 6,090
31,420 30.741
30,Oa7; 35,001
7P,92( ;
4,678
4,868
103,1 40 97,482
141,682 117,073
5,330
5,746

36,570
16,238
31,751
26,240
111,451
725,0-12

34,743
15,410
37,008
22,263
110,388
7 i3 ,7 9 7

14,895 14,388
2,062
2,142
17.037 16,10
3.051
2,917
11;i,477 123.504
118,305 124,704
1,209
1,274
20.184 25,-1 0
1.377
2 ,7 t;
H.544
6,181
62,287 68,783
6.695
0,931
4,306
4 ,2 -7
2.862
4,662;
26.487 : 26,303
174.817 176,817
2,672 i 3.-81
34,5810 3 ,3 9 !
11,521] 1 1,854

42,076
6,040
48.116
11,016
541,153
498,74-3
4,160
95,235
10,489
72.042

4 1 5 ,1 5 0

48,1-13

42,867

16,104

4 3 ,8 7 2

39,-4 5
10,415
2 ,2 4 6

'i.V.STO
3 7 2 ,0 6 0

l!U ,i 06
13,865

1 9 .0 4 1

42,681
6 ,0 9 6

48,777
10,629
565.671
4 9 9 ,0 0 9

3,764

9 4 .9 3 2

5,435

22,587
22,164

21,088
15,139
18,384
105,387
209.116
10,115
130,7,36

e lid in g

D ee.

S I,

IS 9 G .J

Q t n t r a l - " The ro ad b ed la in ex cellen t (rendition, b eing well tie d an d
iu good su rface and alig n m en t. M any b iid g e s h a v e hi an re b u ilt, a n d

1.16,405 all ure In good Bhape and eoudldon. Tin- eqnlpm eut. is In good eomll-

39,234
4-1,17

392,076
470.221

th e y e a r

This rood wss operatrd by Receiver Morgan J oups until
Nov, l, 1890, when *he S tc rm t was discharged and the compaay assumed posaewioi , arratagements having been made
with the first morgage houdholtlers (see V. 08, p. 75) for a
reduction of ir-terrs1 from 0 to 4 per cent for five years and a
settlement of overdue interest.
Under d a te of O ctober, 1890, the Receiver rep o rts:

101,740
208,OM
11.342
136,686
47,174
684,641
380,708
619,5 b 6
62,410
524,640
69,698
13,623
71,400
60,761
149,705

45.741
5 6 7 .117
’-‘2 .4621 83,015 380,123
153,811, 161 070 603,183
;
Apri
6 4 ,6 3 3
Union \ N■Bedford). jA p ril......... 17.051 1-.533
L site d T.
<l‘ru v .j|A p rll......... 134,014 137,045 512,513
18,203;
65,734
19,480
____
14,554
4,20?
Wiikc!.c:a A s to n e __ ‘A p ril..........
4,105
ls
,?
3
7
:
72,545
1?,IH9
EE.ET.-ri ury T raaB on.. A p ril.........:
49,031
W braltBc R a ilw a y ... A p ril......... 12,34-2; 13,088
.
■ ' ......... 35.537 37.722 147,366
* i n c l u d e re su lt » an North sid e T raction Com pany, which w as leased
F eb ru ary , 1897 to th e Second Ave. X raotlou Co.

Street Hallway Net Earnings.—Che folio wing table gives

tin- r e t u r n s ol S t r e b t r a i l w a y gross and n e t earnings received
U na w e e k . l a r e p o r t i n g th e s e net e a r n i n g s for tile street r a i l ­
w ay*. w e a d o p t t h e sa m e, p la n a s that f o r the steam roads—
th a t m,
p r i n t e a c h w e e k a ll the returns received that
week, hui once a month ( o a the third or the fourth Saturday)
w e b r in g t o g e t h e r . a l l t h e roads furnishing returns, and th e
Idlest suiU-uier.il o f this kind »vill be found m t h e ClIUON'ICLS
of M av 22, 15117. The nest w ill appear in the issue of June

n o n , w ith lire ex d ep tlo n of a n u m b er of sto rk ears, which are old an d
w orn n u t.”
I m i t r o v f m e n l s -T h e re have been 1,943-80 to n s of new sleel rails
laid, la s tin g + 6 7 ,-7 :; and 149 lineal m iles of riglit-of-w , y f,3uee limit,,
$30,001; now side trso k s. new atook y a rd s and iniUdlngs, $24,345:
iniseelliineoue, $13,180; loiat, $134.-106 expxnded for p-rm-»nenr. bottetm eniR . T here a re now 59 c a rs equipped will! a irb ra k e s a n d 124 oars
equipped w ith a a tm u atio couplers,
*'> M r m e a t w i t h U n io n . P a c i f l c — I n aettlom ont of th e ir aoODnnt of
$140,892, th e re w ore tu rn e d o v er to th e Onion B aclllereceivers. $100,i ou F o rt W oith & D enver t.’ity bonds aod $17,001) Union Paoilie col­
la te ra l tr n a t notes; th e Union Pacific receiv ers releasin g co llateral oonsia u n e of $200,000 ft net- Cent bond* a n d *290,000 stock of F ort W orth
A-Denver C ity T erm inal R ailw ay, and $13,000 bunds an il $100,000
stock of F o rt W orth & D en v er City R ailw ay.

■Statistics. —Earninge, expenses and charges for the year
compare with previous year? as follows:
E a r n in g s .—

P a s s e n g e r ...................
F r e ig h t.............
Mail, ex p ress, e tc ..

1896.
$228,774
6 '8 .4 2 8
103,678

T o ta l....................$1,010,880

1895.
$142,832
736,718
107,151

1894,
$255,463
969,174
111,242

$1,086,701

$1,335,879

M ain, of w ay an d e tru c t's . $179,159
M ain, of eq u ip m en t
—
127,164
C o n d u c iln g tra n sp o rta tlo n
399,705
G e n e ra l.....................
62,312
T a x e s......................
40,682

$231,192
129,004
409,526
63,791
43,410

$247,943
181,273
519,312
63,659
34,209

T o ta l....... .......................... $309,022
N et earn in g s ....................... $201,858
O ther i n c o m e .......................
8,861

$876,924
$209,778

$1,048,401
$287,478
................

E zpem es—

9,382

S u rp lu s............................ $210,722
$219,160
................
GBNEEAL BALANCE s h e e t DEO. 31, 1896,
A s s r ls .
|
L ia b ilitie s .
C ost o f road and fixe. .$ 1 7 ,4 1 2 ,3 18 C apital sto c k ................ fS,820,000
B eal e s ta te ............ .......
13.831 I c a p . stk . in t. b e a rin g . 2.555.000
A ccounts collectible—
106,286 I First mart, bands .... 8.176.000
Bills receiv ab le...........
28,715 I E quip, t r u s t bonds__
160,000
M aterial an d supplies.
31,674 I In i. due an d u n p a id ..
•28,395
Cash on b a n d ............
270,263 | F unded in te re s t........... 1,203,557
Investm ents. ..............
696,134 I| A ccounts p ay ab le.......
178,281
Profit and l o s s . . . . . __
588.932 i, Int. aeeru. net yetdue
29,920
T o ta l assets ..........$19,151,152 i
—V. 64, p. 82.

GENERAL

Total liabilities., ..$19,151,152

IN V E S T M E N T

NEW S.

Reorganizations, Bio. -Latest Dxta as to Default/). Reor­
ganization Plans, Payment of Overdue Coupons, Etc.—All
facts o f this naiure apt earing smog the publication of the last
issues of the I nvestors’ and Street Railway Supplements
may b-- readily found u_, means of the following index. This
index does not include matter in to-day's Chronicle.

19, 1697,

RAILROADS AND M ISCED. CO ’S.
R a i l r o a d a n d M i s o e l . C o ’s ( O o n . }
V o l u m e 64—
Page
V o lu m e 6 4 —
P age.
Am, Grocerju receiv. {toii£<2.8S?,950. 1040 N. Y. Cent. & H . R.. .refund plan. 755
Atlantie Coast- Lines...... .,.co m r> l SS7 N, Y. & H arlam....refund. 755. 953,1001
R oads.
Atlantic
&
Pacific.....
... ..m i d . 8S7
Northeastern Kit.of Ga..r«t»r.S43. 954
Golorabos (O.) 84, E y . M ay
40,170
Atlas Tack................so ld . 8J1, 8S7
Do
Do
......... snfe.lOOl
2 1 :1 0 .7
BalD). & O hio........... c o u v o n M i , 10to Ogdens.A Lake Cbamp.tot. to be p’.iioao
I t e t m i t c x t f m m ' t i L R f .May
89.255
Do P a t .te m m & C o r w in r e p o r t, 009 Ohio Valley............*........ .......^th*. 954
J m t , 1 m May S i. .
411,596
Cape Fear & Ya4k. Val. ...... /o r e e l. 198 Oregon lmprovemJt.. reo rg .8 0 0 , 813, 902
Fort y Mu u U*&S£.3T. JLYe.—
Carolina Tennessee & Ohio.. ..a d d . 100 i
Do
Do
..cou)>'r?i-s.l00l,101»
183,833
J m n , 1 to M ar. 31.
158,298
28,105
27,489 Central Patflflc.p r o te c tiv e m easure*1. 1011 Owensboro Falls of R. & Q . R. .sold. 755
Central W ashington ........f a r e d 051 Peoria Dec. &Dvansv-reprff. puwi»..l04£
B & M i i m & O-irtiiii.., Apr.
2,852
1.747
—•
Chicago & Alton . . . . . d i v . reduced* 887
Do
Do
f i r s t m tg e com. 1089
-• 4,002
S c raM o u 4
% P t« ? » t« u .,A ,p i%
1.747
Otoe, it No. P . . p l t m m
898, i>tl Quincy Omaha & IC. € .......sohl.800, 954
J i m , l to Apr. 3 0 .....
18,364
6,670
Bo
n m r c o m p a n y . 1000 8t, L. Chic. & S t P.. .n e w w M p W W i% W
J u ly .1 to Apr. SO*,...
54,448
22,362
. . . . ---- Chicago tfc West Michigan ...c o u p . 84S 8t. L. Vand alia & T. H .... .. ca m ). 843
Cm. Jackson & Maeklnu-w,
8T2
8 to f« »
B le o tr ic —
la. ..... .
Colorado M idland............... f ree!. 8-8 Summit B rt. 484fe.7S5? d e p o sits. 055 , 1002
J a n . 1 to Mu-r. 3 1 ,..* .
31,622
2,195
. . . . . . . . Columbus
& Hock. Coal :& i..reoru.l()oo Superior Consol. Lam! Co. -, .re e v r. 844
Ulif-ii A MolsAwk—
Do
Do rcc m s. c t f$ .! 041
C entral.....__ . . . . .snZc.1002
$ & . t to Mur, S i...* ,
3,085
S.658
313
def.7-1 C’olum. H. V. A ToL.consol.de}/os ifn. 7~<i Tennessee
Terra Haute & Logansport..cour-sJ043
I >0
Do
...... c o u p o n * . 84$ Union Pae.cottr,«s <*/ll»Tar»os.758, 902
Do
Do
g m . mUte. 08.3041
Do cad. t r . Os o f l m i.c o lla t .S M , 902
Col. Sandusky & H ocking... .re e v r. 1088
Do colt, t r , 5s, 0/1883............... 902
ANNUAL REPORTS,
Duluth A Winnipeg T e r.... ..sohiLN O
Do call. t r . «s o f 3879....... ....... 902
East Tennessee Land ...... . sa le. 1000
Do Kansas Central. . . . .fa r e d . 790
Do e q u ip . b o n d s. <k i n t . pa 51.1002
A n n u a l Il#j,.nirl.-t—The following is an index to all amiu. 1 BT.Worth & itio Grandn.fnL sca led . S -8
Hurriman k N urtheast'n— H m r .lQ U . U ta h 1'c n l r a l .................................................,-|:>5
impQWtm- Q l % tm c'A itoilroatlSj street railways and miacellaneot $ Illinois Control.... b o n d is s u e 34$i. 952 Wheeling A Lake 13.deposlts o f 3sts. 955
J aokaoiiv. Tampa & K. W. ..fo r c la s . b88 Wilmington Newhern & N o r f..m k .lO i: i
m m p m n m w i l l u.'it u ive bt*«ri published si doe the last edition.;:
Kansas Central ..... — . . ..... m tU .)041 Wisconsin Central.. . .40Ui/>ms.tfl4, 903
f III*’ 1«N‘VKS?L
a n i > S t r e k t R a il w a y 8 o p p l e m k n t s ,
Kan. C. & Southwest’a .decree v a lu e . 1041
St r e e t R a il w a y s .
. . . . . . n e w t n v r . 888
$ T lii# l a d t j i d
not include reports in to-day’s Chronicle. Lebanon Springs. .....................
Fourth St. & Arsenal (St. L.) . AatolO-11
. if®**%.
Lexington
Terminal.
.
.
.
.
.
.
.
.
.
.sa
le.
<99;
tUft.KOA m m m w
Kings
County
Elevated — ..roorglOOl
H i I UP JAP AND MlSOBL, C O ’S i O o n . )
Louisv. JSL A. .v O h ..j l w i l i n s t a t m % 7-5 i People’s Railway (St, Louis). .s a le, 1012
P age.
V o l u m e C4—
P ita s
Memphis & Oharms! « n , f m ‘e d , nia 0 799 Saginaw Consol. SL.,«.......... . w w . l 043
dhrtft*
AiB«fte«a v«
K<’?»k u k & Wehta.m,
, .... it m
Do Do a p p W f t 'i i t o p a y i n t , 1088 i
......
Atf}*8Wr*U T
1’1III Witf l>m*< s h o r n .....................
mb
m u id .a ^ u m
I.<•*»«.,4t.»»i C * m m L Star© Soryto.?. -,. IPS?
*»- &*»•
Atchison Topekti &' Sunt.” IV Uy. —Sale of Bonds,—The
Mn h1mi ok Coal HE, ......... ...... ...
titml. . . . , . . . . . . ‘*27,say. s*a company has sold .$8,000,000 of ns general mortgage 4 per
Me-.
*i4iC w ? MfcItU
*AMr«l...... ....................SS5
— Q r o is E a r n i n g s —

1897

1896.
S
58,169
259.121
03.172
394,172

h& Q nh

,---- I f e l E a r n i n g s . 1897.
18b6
$
*
26,086
32,101
121,410
123,386
43,249
39,594
190,694
154,873

a llivftr.,...

im

. . . -'
.. SHU
ChW m ua k W (p?f4trn iIndlaha
OJHE I
1*0“
Se Mi
! or©K«f W h e t i t 'no R H . . . , . __ ....
OilCJMtr<A Wh m M u htgftli.n*- ‘/ . ’. ‘I p Tb '; F«©ttlf Mitt]
fa U ik ip ..... .
lo
th
m u r n m Mi?
C«
Pm + rn Deea?
& KYimsYllie..... lOaO
G m a n n z u k Ms®*Iniguffi Yfii]l a y ,., h J t P h m w U jp h U i
>mpany CG»«d. . . . . . , im
0*Yi-SAtth A M m i m t
F lit. C iV eJJl Uv. m
%-m
b »tk-_*»...>■.
L ... , .77b, 700,, 801
■mm lint
.lllltl. ’a ii
.... ...... K; I
Ob k i tilnp.. B m ,

C,4kt’C*4»l IkJ*

-,
m m t k ¥m%
yt_rka * % ,
S P rnm M
k A.
li
Hk um

m lti&
.

i N ew M
N e w j *>fk. II

•;

:

■4P*& Bh< .Louis

itt’t rt
... ..............K7I, j-h:»
...... 7Wt stmdu-T C r e e k Coal,...................
7s«7
.,841, >818 Onkm Pacific,.......... ............. . sjo
....... 9-m l.Iu ito d S t a tu s Hub*f*or.........................
...,,.1080 MUiolHgfecHJ A N o r t h e r n ........... , 010, 988

cent bonds to Kuhn, L’leb & Oo, Tii proceeds will defray
the cost of putting the Atlantic & Pacific .m i re.her portions
of the system in first-cbmi condition.—V. 04, p. 950,
Atchison Topeka & Santa Fe Ity.—southern Pacific Co.—
Exchange of Lines.—U is etpocted that 'ho Sonora By., In
Atexie -, and the New M-xico & A ttz ir.» UR,, in Arizona, will
lie turned over to the Snntheru Pacific Company in July
in exchange for the line from M o ja v e to the Needlis in Cali­
fornia. In the Chronicle of .March 37 particulars were
given,—V, 64, p, 950, 1041.

J une 13. 1897.1

THE CHRONICLE.

Boston Elevated RR.—Bill Signed,—The bill chartering
this company was signed by the G ivernor of Massachusetts
on Thursday. Tne act provides that the West End Street
Railway may be leased, and this lease will include the new
subway, now nearing completion. The elevated road must
be built within three years (see V. 61, p. 339), upon the loca­
tions originally asked for, and thereafter the Aldermen may
grant additional locations. The bill provides for an exten­
sive system of free transfers.
The clause prohibiting the reduction of fares during a
period of 35 years states that “such toll or fare shall not, with­
out the consent of said corporation, be so reduced as to yield,
with all other earnings and income of said corporation ex­
cept the income of the funds deposited with the Treasurer of
the Commonwealth as required by this Act and by the Transit
Act of 1891, a net divisable income, after paying all expenses
of operation, interest, taxes, rentals and other lawful charges,
and after charging off a proper amount for depreciation, of
less than 8 per centum on the outstanding capital stock of
said corporation actually paid in in cash.”—V. 64, p. 329.
Brooklyn Elevated RR.—Deposits under Plan.—The fol­
lowing shows the total issue of tne various securities aud the
amount of each deposited:
Brooklyn Elevated 1st 6s issued, S3,500,000 : deposited,
13,262,000; 2d mortgage os issued, §1,250,000: deposited,
SI.216,000.
Union Elevated 1st 6s issued, $6,150 000; deoosited, $5,731,000 ; 2d mortgage income 5s issued, $3,069,000.
Seaside & Brooklyn Bridge 1st mortgage 5s issued, $1,365,000;
deposited, $1,333,000.
Brooklvn Elevated stock issued, $13,283,600; deposited,
$6,867,250.—Y. 64, p. 1088.
Brooklyn & Staten Island Eerry Co. —Incorporation.—
This company was incorporated at Albany, N. Y., on June 2.
with a capital stock of 810,000, to operate a ferry between
Brooklyn and the east shore of Staten Island, The Brooklyn
‘ Eagle” says:
U n d er th e batter d e v e lo p m e n t o f th e park and bou levard sy ste m of
th e o ity th ere a re m iles o f lin e roads w h ich co n v erg e in th e im m ed iate
neighb orh ood o f F ort H ain iltou . H un dred s o f b io y clers m ake u se of
th ese roads e v er y day. It seem s th a t from th ese tw o so u rces th ere
o u g h t to be sufficient’p a tron age to nr ik e an e co n o m ic a lly c o n d u c e d
ferry a profitable in v e stm e n t. In a d d itio n th ere w ou ld be th e tr a v e l
from Staten Isla n d to th e sh o p p in g d istr ic t o f B rook lyn and to th e
am u sem en t cen tres.

The directors are Frank T. Brown, William L. Bones, Ed­
ward J. Cunningham, Medad E. Stone and Hugh Rob-rts.
Centralla & Chester RR.—Receiver Appointed.—On Mon­
day, in the U. S. Circuit Court at Springfield, O., Judge Allen
appointed C. M. Foreman, of Nashville, III., receiver of this
road, on application of the Missouri Car & Foundry Company
of St. Louis. The road is represented as being insolvent, with
unpaid claims and judgments aggregating $135,000, and with
no funds with which to pay the semi-annual interest due July
1. The Farmers’ Loan So Trust Co., N. Y., is trustee of the
mortgage.—V. 63, p. 987.
Central Crogstown RR. (N. V. City). — Metropolitan
Street Ry.—Crosstown Directors Elected.—Control of the
Crosstown road was recently acquired in the interest of the
Metropolitan, and at the annual meeting this week the fol­
lowing Crositown directors were elected: W. C. Whitney,
Thomas F. Ryan, John D. Crimmins, John D Crimmias, Jr.,
Rierre Jar. Thomas Regan, D. H. Shea. H H. Hollister,
George G. Haven, Jr., and J. S. Barnes.—V. 64, p. 1042.
Chicago Has.—Bills Signed.—The Gas Consolidation bill
and the Frontage bill, referred to in these columns 1 st week,
have been signed by the Governor of Illinois and go into ef­
fect July 1.—V. 64, p. 1,088.
Chiesgo Terminal Transfer RR.—Chicago & Northern
Pacific RR.—New Company Incorporated. — The Chicago
Terminal Transfer RR. was mcorpora ed at Springfield, II'.,
on Jane 4, with a capital stock of $10,000,000. Tnis c imp any
succeeds to the property of the Chicago & Northern Pacific
RR.. under the reorganization plan given in the Chronicle
of May 8, pages 888 ard 898.
The company is authorized in its articles of incorporation
to acquire or build certain lines of railway, the description of
which covers all the present lines of the old Chicago & North­
ern Pacific and Calumet companies and extensions of these
lines to the boundary of the State of Illinois.
The first board of directors is: A. L. Hopkins, Charles H.
Coster, Fred. T. Gates, Edward D. Adams, Henry Badge,
Alfred S Heidelbach. Colgate Hoyt, Samuel R. Ainslie,
Kemper K. Knapp, Henry S. Hawley, Edward Shearson,
Frederick E. Paradis. Edward R. Knowlton, Mark Breedin,
Jr., and William S. Mallette.
Certificates of Proprietary Inter st Listed. -The Governing
Committee of the N. Y. Stock Exchange this week ordered
that United States Trust Co. certificates of proprietary interest
in the securities of this company to the amount of $31,855,000
be admitted to the list from time to time as issued. The en­
graved certificates will not be ready for two or three weeks.
These certificates are for $1,000 each, and each one represents
the ownership of $400 of new first mortgage gold 4s of the
Transfer RR., $500 of the preferred stock and $100 of the com­
mon stock. The securities themselves are deliverable on Dicember 31, 1897.—V. 61. r>. 1000.
W <51
Columbus Sandusky sc Hocking RR.—R e c e iv e r s' C e r tificates.—An application for $200,000 receivers’ certificates has
been made to take care of the $18,000 monthly requirement
for car trust payments, and to meet the interest on the

1137

Zanesville and the Columbus terminal bonds and other neces­
sary purposes. The coupon due April 1 on the $680,000 out­
standing prior lien bonds was not paid, but bought. There
has been no default in the interest due on the two terminal
mortgages.—Y. 64, p. 1088.
Detroit & Lima Northern Ry.—Lima Northern Ry.—
Consolidation.—The Lima Northern Railway ha3 been con­
solidated with the Detroit & Lima Northern under the name
of the latter. The road extends from Lima, Ohio, to Tecumseh, Mich., 104 miles, and has trackage rights into De­
troit over the Wabash. The capitalization of the new com­
pany is $2,700,000 stock and an authorized issue of five per
cent bonds at $15,000 a mile, including equipment, and $300,000 for D;tr>it terminals. The arrangement with the Wabash
will make it unnecessary at present to acquire other terminals
at Detroit. The reported acquisition of the Cincinnati Jaokson& Mackinaw has not yet been consummated.—V. 64, p. 799.
Galveston Harrisburg St San Antonio Ry.—Houston &
Texas Central RR.—Judgment in Favor of State.—The
Court of Civil Appeals in Texas has affirmed a judgment for
about $1,250,000 in favor of the State of Texas against the
Galveston Harrisburg & San Antonio and the Houston So
Trxas Central. The claim is for moneys borrowed from the
State school fund before the war and which the railroad com­
panies say were repaid. The case will be carried to the Su­
preme Court of Texas.—Y. 62, 456 ; V. 64, p. 707.
Georgia RR. <te Banking Co.—Payment of 6s Due July 1.—
Notice is given that the $1,000,000 of 6 per cent bonds due
July 1 will be paid on and after that date at the Guaranty
Trust Co , of New York., 65 Cedar Street. The coupons due
Ju y 1 will be paid as usual at the American Exchange Na­
tional Bank, New York, or at Augusta, Ga. An issue of $1,000,000 of 5 per cent twenty-five-year bonds was sold to re­
fund the amount falling due July 1.—Y. 64, p. 517.
Hendersonville & Brevard Ry. Telegraph and Tele­
phone Co.—Sale July 5.—Judge Norwood, in the North Caro­
lina Superior Court for Henderson County, has ordered this
road sold on July 5 to satisfy judgments amounting to about
$90,000. No upset price was fixed.—V. 64, p. 423.
Hudson River & Berkshire RR.—Incorporation.—The
bill to incorporate this company was signed by the Governor
of Massachusetts this week. The road will run from Ancram,
N. Y., to Springfield, Mass. At Ancram it will connect with
the Philadelphia Reading So New England for New York, via
Poughkeepsie, and the New York Central, and at Springfield
with the Boston & Maine for Boston. It will pass through
the towns of Egremont, Great Barrington, Monterey, etc.
Illinois Central RR.—Reported Issue of Stock Denied.—
In November, 1895, the authorized capital stock was increased
from fifty to sixty million dollars, the $10,000,000 of new
stock being authorized, it was supposed, to meet the cost of
Chesapeake Ohio & Southwestern securities purchased aud for
certain improvements on the lake front, etc. Only $2,500,000
of this new stock was issued, however, the balance remain­
ing in the treasury, and the report that this $7,500,000 of treas­
ury stock had been sold is officially denied.—V. 64, p. 1089.
Illinois Street Railway B ill.—Allen Bill Signed.—On
W e d n e s d a y G o v e r n o r T a n n e r s ig n e d t h e A l l e n b ill. Some of
th e p r o v is io n s o f t h is b ill w e r e n o t e d i n t h e C h b o n i c l e last
week.—V. 64, p. 1088.
Memphis & Charleston RR.—Coupon Payment.—Owing
to a death in the family of Judge Lurcon the application for
the payment of the January 1895 coupons on the 7 per cent
bond-i was not heard, as expected, this week. It is thought the
necessary order will be signed next week.—V. 64, p 1083.
Metropolitan Street Ry. (of N. Y,).—Bond Issue.—T he
Metropolitan Street Railway has authorized a general collateral
trust mortgage secured by the stocks of the Broadway &
Seventh Ave., Columbus & Ninth Ave., Lexington Ave. and
Cross Town lines. The company has sold $12,500,000 5 per
cent 100-year bonds under this mortgage.—Y. 64, p. 1043.
Mexican National Construction Co.—Concessions Reported
Forfeited.—A dispatch from the City of Mexico gtates that
all existing concessions for railways granted to this company
have been forfeited for non-fulfillment of the terms of the
charters. The company has one line operating from Manza­
nillo, on the Pacific coast, to Colima, and this line remains in
the possession of the company. This construction com­
pany built the Mexican National Railway and owns a majority
of its capital stock and a large amount of the income bonds.
President Palmer, it is understood, will endeavor to secure a
new concession.—V. 63, p. 1115.
Ohio Valley Ry.—Sale Postponed.—The sale of this road,
which was to have taken place on June 3, has been postponed
to July 6, at Henderson, Ky., on petition of the minority
bondholders. The upset price is $1,050,000, and a deposit of
$100,000 will be required from all bidders.—V. 64, p. 954.
Oregon RR. & Navigation.—First Dividend on Preferred.
—A dividend of 1 per cent on the preferred stock has been
declared, payable July 1. This is the first dividend paid since
the reorganizaiion of the old company, in Auguit 1896, and
calls for the payment of about $110,000. The dividend will
be paid at the Central Trust Co., N. Y., or the Old Colony
Trust Co., Boston.
The earnings of the company from July 1 to Aj>ril 30, 1897,
10 months, have been as follows: Gross, $3,893,230 (against
$3,626,458 in 1895-6); operating expenses, not including taxes,
$2,262,596; net earnings, $1,630,634.—V. 64, p. 238.

1138

THE CHRONICLE.

lVuritt U rttltr <&E n n n lllr By,—Deposits Jieceived Until
Jtt’.’j r —Ti >• k.-udibr Committee announce* ihat deposits of
Cm »('.!.»
mortgage bonds am! of stock and payment
of *ul jciipiku ■ under il»« plan of reorganization will be
r»i-< m i uniil July 1 ; depositary is the Now York Security &
Tnt’i Co., when- c •pier of the plan may be obtained,
f i r s t Mortgage Committee Plan.—A plan of reorganization
; nv. being prepared by this committee, as sir months’
•‘efftult on J’foria division firsts will have been made on July
1, It v*ill arrar ge for more money to be put into tlie property
hen i a* been provided for in the second mortgage bondholds r»' plan, already issued, and an underwriting syndicate
is said to have been formed. Interest on the firsts of both
dir isior• i.-s to be continued at 6 per cent. Deposits of bonds
with tin- Atlantic. Trust Company are asked. The Central
Trust Co., trustee under the Peoria division mortgage, is
about to file a foreclosure suit.—V, (54, p. 1080,
Pittsburg Allegheny* Manchester Traction,—Repoitart
Sale.—Control of this road is said to have been purchased by
Alexander to w n & Sons, of Baltimore, who offered $35 in
cash and $1(5 in 5 per cent bonds of the Union Traction Co,,
. f Pittsburg, for each share of stock.—Y. 61, p, 1001.
Railroad Pooling Bill.—No Action by Senate Committee.
—No action on the Pooling bill was taken bv the Inter State
Commerce Committee of the United States Senate at its
weekly meeting on Thursday. Some remarks upon the bill
will be <ound in the article, on “The Financial Situation” in
our editorial columns.—V. 64, p. 1089,
Bio Grande Sierra Madre & Pacilic RR.—Incorporated.—
This company has been incorporated at Albany, N, Y., this
wt-ek. with a capital stock of $3,120,000. The company was
org&niz- d in Mexico last year and has constructed a road from
Ciudad Juaitz in the State of Cbibuahua, Mexico, southwest­
erly to the vicinity of Casas Grand os, 156 miles. Thirty-year
6 per cent bonds are authorized at $20,000 per mile. The road,
which has just been completed, has been built in ten months,
and opens up an extensive mineral, agricultural and timber
fectior. The New York charter is under a new law just
signed by the Governor which permits a New York corpora­
tion to acquire and operate properties in foreign countries
The directors are A. Foster Higgins, President; John T.
Terry. Edwin D Morgan, Soion Humphreys, A. Gifford Agnew, G-.orge Rowland, Sidell Tilghman, John B. Lawrence,
Jr.. W. Morton Grinned and Edward M. Shepard.—V. 64,
p, 611,
8t, Joseph & Grand Island Ry.—New Securities Listed.—
On the New York Stock Exchange this week were listed the
new securities of this reorganized company. AH the facts regardirg the new securities, the terms at which they were excbangrd for the old, with earnings, etc., are given "at length
m Pre sident Bull':- application for the listing on theExohange,
in another column. In the reorganization of the
f urnished
t. Joseph &. Grand Island, while large eoneeeaions were re­
quired from the first mortgage bondholders, they received
preference securities, which insure to them the first advan—V
p ' r ' P fr° m the prosperity of the new company.
Southern Pacilic KR. of California —Additional ConLuten.—On the New York Stock Exchange this week
were hated $693,000 additional consolidated mortgage gold
making the total now listed $19,095,000. The new bonds
wer.- i&tued for new road built.—V, 63, p. 581,
Terminal Ry. of Baffalo.—Construction.—Work on this
road u to be begun at once and it is expected to complete the
hne in about two months. The road will connect the Lake
btmr.- & Michigan Southern at Biaisdell, N. Y., with the New
York Central at Depew, N. Y., being about H miles long,
ar„I will avoid much switching through the Buffilo yards.
I hIrd Avenue RR,—Kings Bridge Franchise Invalid,—The
>< w ,rU ■,u u „f Appeals on Tuesday handed down a deCL-;.,ii
r.ng invalid the Kings Bridge franchise granted
L , ‘ !"rJ AvenufJ RR- in November, 1895. The Kings
ion
to extend from 1621 Street along Kings
} u*‘' ? oati' soroes the proposed bridge over the ship canal
,'
Considerable work is said to have been done
I>y thfi con ipany.
Th^nits were brought by Dorothy Olinst and Catherine
i’knmn to restrain the road from pissing their property and
a peimam nt injunction is granted the plaintiffs,
*
- ' i i n rt '(*'v-1(i i h a t an attempt to build a railroad upon
, ,, ,10 b.g'hwav without authority is a nuisance, and that
4 n v ! i ! r York hM m inhprc'nt right, independent of
ir d'mlm i.T1r""f-S,°n' 0 * ? ‘ a franchise for constructing
% r3,l^ ,'i 111 t,h,‘ i>uWic streets, and there'
, ? f R, fvancbiHe can be vH)id unless it was pro■ , 1 w” 1’ 1n th? tuanr.er prescribed by the Legislature.
"f ,hpr !mlr,!8
d are as follows :
s

i

l

l

i

i

i

l

», l,tin,V rlV ,ih r

s

s

H

s

s

s

°»iTbo operated together over the

f nrtit f., bull,1
'extension!!? A
*aHw>»d wae void and
! l,ird Avecue.it is stated, have prepared
f n, 4 m
r 1"V‘r Poetically the same route as the
, '
A
Pi 'teetton covered, and presented them to the
bant. »<i ton r, me, of the Board of AlJermen7-VM p ^
t’nlon Telegraph Co.-See item on next page.

1V0L. LXIV,.

jjjte y o r ts a n d B o c t u n e u t s ,
T HE ST. JOS EPH & G R A N D ISLAND RY. CO.
APPLICATION TO LIST THE SECURITIES ON THE
NEW YORK STOCK EXCHANGE.
„
New Yokk, May 13, 1897.
I he St. Joseph & Grand Island Railway Company respect­
fully applies to have the following-described bonds issued
by it, and the certificates of the Central Trust Company for
its stocks, deposited under voting trust agreement, placed
on the regular list of the New York Stock Exchange:
First—$3,500,000 First. Mortgage Gold Bonds, dated Jan.
L 1897. and due January 1, 1947, bearing
interest 2 percent per annum from Janu­
ary 1, 1897, to January 1, 1899, 8 per cent
from January I. 1899; to January 1, 1902,
and thereafter at the rate of 4 per cent
per annum, numbered from 1 to 3,500
inclusive, for $1,004 each. Coupons pay­
able January 1 and July 1 of each year.
The Central Trust Company of New
York is trustee of the mortgage securing
the issue of the above bonds.
The trustees shall from time to time
certify and deliver to the party of the
first part, or upon order of its board of
directors, an additional amount of bonds
of the issue hereby secured, not exceed­
ing in the aggregate $500,00 >of principal
par value ; but such bonds shall not be
issued or delivered at the rate of exceed­
ing $100,000 par value of principal in
one year. Bonds Nos. 3,501 to 4,000 re­
served for this delivery.
Second—$5,401,000 New First Preferred Stock (Central Trust
.
Co of N..Y. certificates), shares $100 each.
Third—$3,500,000 New Second Preferred Stock (Central
Trust Co. of N.Y. cert’s); shares $100 each.
Fourth—$4,600,000 New _ Common Stock (Central Trust
Co. of N. Y. certificates), shares $100 each.
The St. Joseph & Grand Island Railway Company was
formed February 33, 1897, by the consolidation of the St.
Joseph Hanover & Western Railway Company of Kansas and
the Grand Island Hastings & Southeastern Railroad Com­
pany of Nebraska. These companies had acquired the prop­
erty of the former St. Joseph & Grand Island Railroad Com­
pany by purchase under foreclosure December 23, 1896, at
Hastings, Nebraska, the purchaser being Frederic P. Olcott.
as Chairman of the Reorganization Committee of the St.
Joseph & Grand Island Railroad Company. The decree of
sale was confirmed January 16, 1897, and the property was
formally taken over by the new company on March 1. 1897.
The company operates the following road, viz.:
The line of railway formerly owned and operated by the
St. Joseph & Grand Island Railroad Company, beginning at
a point of intersection'or junction with the tracks and prop­
erty of the St. Joseph Terminal Railroad Company where
the tracks constituting the approach to the bridge across
the Missouri River, in the city of St. Joseph, Mo., join the
railway of said Terminal Railroad Company, beginning at a
point at or near the west line of Fourth Street, in the city
of St. Joseph, and extending from the city of St. Joseph, in
the county of Buchanan and State of Missouri aforesaid,
running thence over and across said bridge over the Mis­
souri River, through the counties of Doniphan, Brown,
Nemaha, Marshall and Washington, in the State of Kansas,
and the counties of Jefferson, Thayer. Nuckolls, Clay,
Adams and Hall, to Grand Island, in said county of Hall,
in the State of Nebraska, in all about 251-06 miles.'
The following is a summary of the securities issued by the
old company and those of its”successor.
The securities issued by the old company were as follows:
$7,000,000 first mortgage 6 per cent bonds.
1.650.000 second mortgage income bonds.
4.600.000 stock.
Issued and to be issued by the new company:
$4,000,000 first mortgage gold bonds, bearing interest at the
rate of 2 per cent per annum for two years, 3 per
cent per annum for three years, and 4 per cent
thereafter. First coupon payable July 1, 1897,
Bonds to run for fifty years.
Provision to be made to increase the first mort­
gage up to $5,000,000. The increase to be devoted
to the acquisition or construction of new mileage
at not exceeding $6,000 in bonds per mile.
5.500.000 first preferred 5 per cent (aon-oumulativfii stock.
No mortgage other than the above shall be put in
ahead of the first preferred stock during the con­
tinuance of the voting trust hereafter mentioned,
nor thereafter without the consent of a majority
in value of the first preferred stock.
18,500,000 second preferred 4 per cent (non-cumulative) stock,
B ^ ^ w ith provision and privilege of increasing to, . S5,000.000 for acquisition or construction of new
” . mileage at the rate of not exceeding $9,000 per
mile in addition to bonds,
4.600.000 common stock.

J une 12, 1897,]

THE CHRONICLE.

A voting trust has been created, retaining control for the
benefit of the first preferred stock for five years unless the
first preferred stock pays full dividends for three consecu­
tive years, after which the said trust shall retain control for
the benefit of the first and second preferred stocks for three
years then next ensuing, after which all stocks shall be en­
titled to a full and equal vote.
The power of the voting trustees and vote of consent in
respect to the shares held under the trust shall expire on the
first day of January, 1902, except in the case hereafter men­
tioned.
In case there shall have been paid on the first preferred
stock a 5 per cent dividend in each year for three consecu­
tive years prior to January 1, 1902, then the power of
such voting trust shall continue until the expiration of
three years next ensuing after the expiration of the third
year in which such 5 per cent dividends shall have been
paid.
The voting trust consists of three trustees: Messrs. Fred­
eric P. Olcott, J. Kennedy Tod and Gordon Abbott.
The securities are delivered in exchange for the old ones
deposited under plan and agreement in the following pro­
portion, viz.:

1139

(Com m ercial
COMMERCIAL

3 £cmes.

EPITOME.

June 11, 1897.
For the past fortnight a more settled feeling has been
steadily growing among merchants. The advices received
from Washington have been such as to enable them to obtain
something of a definite idea as to what the tariff bill as
finally enacted will be; this and the removal of the
doubt that the currency question would not receive the active
attention of the present Administration have been the main
factors in bringing about a more favorable outlook for busi­
ness, and in several lines of trade a gradual revival of busi­
ness activity, as confidence strengthens, has already been
perceptible Advices from the West have reported the pros­
pects for the growing crops as less favorable, owing to cold
weather and some talk of frosts, with the result that prices for
N ew F irs t
N ew F irst
IVew S eco n d
N ew
breadstuffs have strengthened slightly.
M ortgage
P r e fe r r e d
P r e fe r r e d C o m m o n
Refiners have been limited buyers of prime Western lard
B onds.
5% Stock.
4% Stock.
Stock.
on the spot and prices have ruled steady, closing at 3'77J£c.
F ir s t m ortg a g e b o n d s ___50%
70%
25%
Cuba has continued a moderate buyer of prime City lard at
S econ d m o r tg a g e b o n d s..........
12%
100%
•Com m on s to c k ..............................
6%
100 % about steady prices, closing at 3'37J^c. Refined for the Con­
Summary of earnings and expenses for the year ending tinent has had a slightly better sale, but at easier prices,
February 28,1897 :
closing at 4c. The local market for lard futures has been
F r e ig h t e a r n in g s .........................................................
$ 6 0 9 ,9 8 1 7 4 neglected. At the West the feeling has been steadier, owing
P a sse n g e r e a r n in g s ...................................................
1 2 5 ,7 3 3 19
M ail, e x p r e ss, te le g r a p h and m is c e lla n e o u s ..
7 8 ,8 2 3 19 to smaller receipts of swine, and at the close prices advanced
slightly, closing steady.
G ross e a r n in g s ................................................................................ $ 8 1 4 ,5 3 8 12
O p eratin g e x p e n se s, ta x e s e x c lu d e d ........................................... 5 9 7 ,6 7 2 76

N e t e a rn in g s, ta x e s n o t d e d u cted ..........................................$ 2 1 6 ,8 6 5 36
T a x e s p a id .................................................................................................
6 6 ,1 7 7 81
N e t ea rn in g s, t a x e s d e d u cted ................................................... $ 1 5 0 ,6 8 7 55
E x p e n s e ra tio 81 '50.
M iles o p e r a te d 2 5 1'06.

I beg to enclose you herein statement of account of old
company during last year, together with a letter from the
Auditor; also letters of Counsel certifying as to the mortgage
and consolidation, copy of voting trust and certified copy of
the mortgage. Also report of Mr. A. L. Mohler, a railroad
expert of experience, bearing on the condition of the prop­
erty, together with a supplemental letter on the same sub­
ject from the General Manager, Sir. W. P. Robinson, Jr.
The officers of the company are : Wm. L. Bull, President;
Henry Budge, Vice-President and Treasurer: W. S.
Wilson, Secretary ; Henry Bronner, Assistant Treasurer ;
John G. I>rew, Auditor; W. P. Robinson, Jr., General Man­
ager.
The Directors are: Wm. L. Bull, Henry Budge, F. P. Ol­
cott. J Kennedy Tod, Gordon Abbott, E. McNeill, Ulysses
G. Life, Chas. H. Shaffer and Henry M. Robinson.
The offices of the company are as follows: General offices,
St. Joseph, Mo.; President and Secretary, 38 Broad Street,
New York; Vice-President, Treasurer and Assistant Treas­
urer, 28 Broad Street, New York; Auditor, St. Joseph, Mo.;
General Manager, St. Joseph, Mo.
Transfer office: Central Trust Company of New York, 54
Wall Street, New York.
Yours very truly,
WM. L. BULL, President.
The Committee recommended that the above-described
$3,500,000 First Mortgage Two, Three and Four per Cent
Gold Bonds of 1947, Nos. 1 to 3,500 inclusive; $5,491,000 First
Preferred Five Per Cent Non-Cumulative Stock, $3,500,000
Second Preferred Four Per Cent Non-Cumulative Stock
and $4,609,000 Common Stock (the three clashes of stock
to be represented by VotingTrustees' Certificates issued by
the Centra■Trust Company of Aew York) be admitted to the
list.
Adopted by the Governing Committee June 9, 1897.
Western Union Telegraph.—New Stock Listed.—No addi­
tional $2 000,000 of stock was listed on the N. Y. Stock Ex
change this week, making $97,370,000 stock now outstanding.
The total authorized stock is $100,000,000.
The application states that the stock was sold to provide
funds for thepartial payment of new lines and for property ac­
quired and constructed during the fiscal years 1893, 1894, 1895
and 1896, such additions being 2,681 miles of poles and 83,233
miles of wire, costing $3,133 656, and a building in Chicago,
purchased at a cost of $1,666,212. From these items of cost is
to be de turned rhe surplus earnings of the four years, amount­
ing to $2,637,723, which were applied thereon. The lines of
the American Rapid Telegraph Co., purchased in 1894, are
not included above, having been provided for by an issue
of $550,000 stock at that time.
Quarterly.—The estimated revenue for the quarter and the
twelve moriths ending June 30, 1897, compares with actual
results in 1896 as follows:
3 m o n th s
N et
In te r e s t <&
e n d . J u n e 30—
R e v e n u e, s in k . f u n d .
1897 (e s tim a te d )....$ 1 ,5 5 0 ,0 0 0 $ 2 0 3 ,8 7 5
1896 (aotu a l)............. 1 ,4 0 0 ,2 0 0
2 0 3 ,5 0 1
12 m o n th s —
1S96-7 (Ju ne eat.).. $ 5 ,7 7 2 ,5 2 0 $ 9 3 4 ,4 5 5
18 9 5 -6 (aotual).......... 5 ,8 9 7 ,9 8 0
9 3 3 ,9 5 8

D iv id e n d .
$ 1 ,2 1 6 ,9 7 5
1 ,1 9 1 ,9 5 9

B a la n ce .
s u r .$ 1 2 9 ,1 5 0
sur. 4 ,7 3 7

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

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

Total surplus June 30, 1897 (estimated), $7,688,898, against
actual surplus in 1896 of $7,613,694. The regular lj^ per
•cent dividend is payable July 15 1897.—V. 64, p. 1043.

F r i d a y N ig h t ,

D A IL Y CLO SIN G P R IC K S O P LA R D F U T U R E S .

J u ly ...................................... c.

S a t.
3-80

M on,
3-80

T ues.
3 '85

W ed.
3 75

T hur.
3-75

P ri.
3 '8 0

Pork has had only a limited sale and there has been a slight
weakening in prices, closing at $8 50@8 75 for mess ; $9 00@
10 50 for short clear and $9 25@10 00 for family. The demand
for cut meats has been less active, as an advance in prices has
shut off the export demand, closing at 5J^@5^c. for pickled
belli0?, 12@10 lbs. average, 5%@5J^c. for pickled shoulders
and 9@9J^c. for pickled hams. Beef has beeD quiet butsteady,
closing at $7@8 for mess ; $7 50@8 50 for packet; $8 50@9 50
for family and $12314 for extra India mess. Beef hams
have advanced to $24 00. Tallow has advanced slightly,
closing steady at 3 l-16c. Oleo stearine has been quiet but
steady at 4 l-16c. Lard stearine has been dull at 4%c. for
ci ty. Cotton seed oil has been quiet but steady at 2Jc. for
prime crude and 233^(323^0. for prime yellow. Butter has been
in large supply and easy, closing at U@15o. for creamery.
Cheese closed steady under an improved export demand, with
State factory, full cream, at 7@8J^c. Fresh eggs were held
steady for choice, closing at 11c. for Western.
The Brazil growths of coffee have had only a limited sale
but offerings have been smaller and prices have advanced
slightly, closing steady at 7%3c. for Rio No. 7. There has
been no improvement to the demand for the mild grades, but
there has been less pressure to sell and prices have been
steadier, closing at 14@l4i^c. for good Cucuta and 25o. for
standard Java. Speculation in the market for contracts has
been dull, but owing to a falling off in the Brazilian receipts
there has been a slight improvement in values, closing dull.
Following were final asking prices:
J u n e .................... 7-30o. | S e p t...................... 7 4 0 c . I D e o ....................... 7'40o.
J u ly .................... 7'30o. O ot....................... 7'40o. J a n .......................... 7'45o.
A u k ..................... 7'35o. IN o v ...................... 7'40o. I F e b ...............
7'50o.

Raw sugars have continued in demand, and as the offer­
ings haye been small prices have further advanced, closing
firm at 3J£-\ for centrifugals, 96-deg. test, and 3o. for mus­
covado, 89-deg. test. Refined sugars have had a large sale
and prices have been advanced, granulated closing at 4%c.
Teas have been quiet and easier.
Kentucky tobacco has had only a very limited sale, but
values have held steady. Sales 100 hhis. Seed-leaf tobacco
has been quiet but steady. Sales for the week were 625 cases,
as follows: 50 cases 1895 crop, New England Havana, 15@
22c.; 100 cases 1893 crop, Pennsylvania Havana, 13@l3)£c.;
100 cases 1893 crop, Wisconsin Havana, 9c.; 100 cases 1896
crop, Zimmers, 4c.; 50 cases 1895 crop, Z'miners, 16c.; 100
oases 1893 crop, Wisconsin Havana, 10c; 50 cases 1894 crop,
Gebhard, 11c., and 75 cases sundries, 5@l5c.; also 370 bales
Havana at 85c. to $1 20 in bond and 225 bales Sumatra at
95c. to $2 50 in bond.
Straits tin have had a fair sale and prices have advanced,
dosing firm at 13 65@13 75c. Ingot copper has had only a
limited sal-, as neither the home trade nor shippers have been
extensive buyers, closing at He. for Lake. Lead has been in
slightly better demand, closing steady at 3'30c. for domestic.
Spelter has been sparingly offered, and the close was firm at
4'25@4 35o. for domestic. Ingot copper has been quiet and
unchanged at 9 25@12 00c. for domestic.
Refined petroleum has been unchanged, dosing at 6T5o. in
bbls., 8'65c. in bulk and 6 60e. in cases; naphtha quiet at 5'50c.
Crude certificates have been neglected; credit balances have
been steady at 87c. Spirits turpentine has had a fair sale and
prices have further advanced, closing at 27J^@38c. Rasins
have been in moderate demand and steady, closing at $1 75
for common and good strained. Wool has been in increased
demand, particularly for the foreign grades, at full values
Hops have been dull and easy.

THE CHRONICLE.

m o

[VOL. L X IV ,

In addition m above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
June 11, 1897.
cleared, at the ports named.
i nn sI o v w k s t o f tub C h o p , a* indicated by our telegram*
ON SHIPBOARD. NOT OI.KAR.BI> FOB—
frv.a the South to-night, is given below. For the week ending
L e a v in g
J m tt, 11 ftf*
thiit f.iining the total teoeipts have reached 8.319 bale*,
(tre a t
O ther
C oast
stock.
Total.
B r ita in . F rance. Foreign wise.
hgnittil
il bale* lit -it week and 16,152 bales the previous
week, making the total receipts since the 1st of Sept., 1886, N e w O r le a n s ...
980
060
314
6 ,5 3 0
5 2 ,8 1 7
6.616,815 i a g a i n s t 5,153,-190 bales for the same period of G a lv e sto n ........ , 2 ,0 0 0 •1,270
5,565
971
1,1 0 8
0,044
8 .9 1 0
1- •: -ci.iwiiig ar -lorcHse since Sop. 1, isflfl.of 1,487,828 bales. S a v a n n a h _____ N one, N on e. None, N otm.
1 5 ,1 4 5
None.
C O T T O N .
Fit:p a y N i g h t ,

M&Hm | T u ts .
>1(1.8
......

City.

453
Mew
, -\
13
M o b il* ...........
,
......
H orikl* *...*•»•
®***£UsAh. . . . . ■ 244
B raniw ’k, &e.; . . . . . .

Wed.

?o!
412;
j ......
450
33T |
14 . . . . . .
......
48j
13
......

F ri.

Thun.

38

266

......

91

-174
1

T o tal.

341

1,496

..........
321

..........

4

........

69

145

64

C harleston
M o b ile ..............
N o r f o lk .......
N ew Y ork........
O ther p o r ts ___

2,085
126

T otal 1 8 9 7 .

------ -

T otal 1 8 9 6
T o ta l 1 8 9 5 ...

583
510
•22
2,491
14

N one.
200
N one
300
1,700

N one.
N o n e.

5 ,1 8 0

10,341

6,431

2 1 ,9 0 0
2 1 ,608

9 ,4 0 0
662

1 3 ,4 0 0
1 4 ,503

None.

300
N on e.

Non**.,
Nona
300
2,2 0 0
2 ,0 0 0

3 00
N one,
4 ,0 0 0
N on e.
N one.

3 00
200
4 ,3 0 0
3 ,0 0 0
3 ,7 0 0

1 7 ,8 9 5
4 .3 8 0
3 ,0 1 7
122,558
2 2 ,6 8 3

5 ,7 2 2

2 7 ,6 7 4

2 4 7 ,5 8 5

2 ,9 8 6
2 ,6 0 0

4 7 ,6 8 6
3 9 .1 3 3

2-13,973
4 3 0 ,4 7 8

Speculation in cotton for future delivery has continued
dull, and the net changes in prices h r the week are unim­
portant, although early in the we>k less favorable prospects
1 ..........
2,491
for tho growing crop s imulated feme buying, largely from
1
6
1
1
3
__
......
..........
.......... shorts to cover contracts, on which prices advanced a few
W naif-ton, 4 ft J
402 points. Subsequently, however, realizh g sales caused the
15
244-1
4
112
27
improve ment to be lost. Saturday, in the absence of foreign
Newport N,,4©.;
........
.......
advices ai d <n limittd selling by a few local operators, prices
|
j
V
101 weakened slightly, closing at a decline of 1@4 points. Mon­
12
70
18
*
249
219 day, owing to the continuance of the holiday abioad, no for­
270 eign advices were received. There was. however, som>- buy­
25
S5
.....
110
48
PM tftdftiph’&.&c
ing by local shorts to cover contracts, stimulated by less
8,349 favorable weather advices received from the South, and
7Ssl
274 1.027 4,103
973
X at'U than week 1.187
prices for riie day showed an advance of 2 to 4
The following shows the week’s total receipts, the total since poirrs.
Tuesday, there was a limited amount of activity
8ept. 1,1896, and the stock to-nignt, compared with Hst year. to
the trading, and prices further advanced, particularly
for tne next crop. Foreign advices w.re stronger and were
S tock.
1896-97.
1895-96.
B t c tip ls to
accompanied by some buying orders, the result of cable dis­
T h is S in c e Sep. Thin S in ce Sep.
J a m 11.
1890
1897.
patches to the English markets of unfavorable weather con­
Week, 1, 18 9 6 .
W eek. 1 ,1 8 9 5 .
ditions at the South for the growing crop. The weekly re­
1
8
,5
5
4
1.3,000
3,0 6 2 9 2 5 ,2 0 0
G a lv esto n ,..
1,490 1 ,3 3 8 ,4 3 5
port of the Government's Weaiher Bureau reported the
1
,1
0
0
79
1 1 2 ,4 4 3
1 1 2 ,7 0 3
T ex . 0 ., &e.
growth of the crop as backward, and this also had a strength­
8 0 ,3 3 6 ening influence upon the market. The cl se showed prices
New O rleans
2,9 4 2 1 ,7 2 6 ,3 7 5
5 9 ,3 4 7
2,085 2 ,0 6 1 ,1 9 2
*292,032
4 ,7 8 0
5,398 for this crop 3 to 5 points higher, and for the next crop 7 to
M obile.. . . . .
120
30 1 9 5 ,0 6 5
F lorida. . . . . .
87,7 0 3
1 ,1 7 0
3 3 ,7 5 3
10 points up. Wednesday there was a slight further im ­
1 0 ,7 2 4 provement in prices during early ’Change, in response to
2,0 7 8 7 4 8 ,1 5 1
S a van n ah . . .
1 5 ,1 4 5
5 8 3 8 3 7 ,9 6 4
1,402 stronger advices from abroad and some foreign buying. Sub­
Br’wiek, Ac
5 3 7 1 1 5 ,0 2 5
1,321
510 1 7 7 ,2 6 6
1 4 ,492 sequently, however, advices fri m the South reporting im­
C harleston..
22 3 9 7 ,9 0 4
298 2 7 9 ,6 6 5
1 8 ,1 9 5
proved weather o nditions prompted realizing sales and
P.Boyal.Ac
7 7 ,2 4 2
2,491
7 3 ,5 8 7
W ilmington.
14 234.401
5 ,4 8 6 prices declined, closing 1 to 8 points lower for the day.
61
1 7 0 ,851
3 ,4 6 2
Thursday the market opened slightly higher, arid despite the
W u b 'aA u .
857
767
1,100 3 3 6 ,4 1 9
N orfolk ........
7 ,3 1 7
9 ,1 8 4 fact that the report by the Government’s Agricultural Bu­
4 0 2 7 0 3 ,0 0 1
N'j>ort N..& 0 .
1
82 reau was considered unfavorable, the market weakened under
...... 18,535
3 2 8 168,59'.
4 8 ,2 3 0
New Y ork ...
53,0 8 8
1 2 5 ,5 5 8
1 1 4 ,4 9 3 the improved crop prospects, as reported in the day’s advices
B o sto n ..........
101
1 5 7 ,5 5 3
8 ,3 0 0
877 1 2 4 ,4 0 8
10,00<' from the South, and at the close prices were 8i®5 points lower.
B a ltim o r e ...
249
6 1 ,7 2 9
326
8,1 3 2
48,3 9 4
1 4 ,1 6 6 To-day the market o.ened 1 to 4 points lower, and then
270
P h il ad e l., Ao.
4 3 ,6 6 6
389
4 2 ,8 5 3
3 ,7 4 7
7 ,8 9 6 further declined 1 to o points under general selling, prompted
by improved weather conditions at the South land weaker
8 .3 4 9 6 ,8 4 6 ,8 1 8 13,2 7 7 5 ,1 5 9 ,4 9 0 2 7 5 ,2 5 9 2 9 1 ,6 5 9 foreign advices. Subsequently there was a partial recovery,
T o t a ls ........
- 2,538 bales w illed a s correction o t r e c e ip ts s in c e S ep t. t.
on buying for English account and a demand from local
in order that comparison may be made with other years, w e shorts to cover contracts. The close was quiet at a decline
give below th“ totals at leading ports for six seasons.
of 2 to 5 points for the day. Cotton on the spot declined
l-16c. on Monday. A moderate volume of business has been
Receipt* a t— 1897
1890.
1895
18 9 4 .
18 9 3 .
18 9 2.
transacted, principally with spinners. To-day the market
Oaiven'n &e,i
1,496
3,141
860
2 ,3 9 9
2 ,6 1 8
9 27 was unchanged and steady at 7 11- 6c, for middling uplands.
N ew O rleans
2 ,0 3 5
The total sales for forward delivery for the week are
2 ,9 4 2
7 ,1 2 2
2,4 7 7
9,2 3 0
1 1 ,597
ICoblle . . . . . . j
126
30
1,2 1 6
182
140
7 3 0 3*4,100 bales. For immediate delivery the total sales foot
S a v a n n a h ..,
533
2 ,0 7 8
3 ,1 7 0
5,2 4 1
3 ,7 7 4
4 ,6 4 6 up this week 9,280 bales, including 3,177 for export, 4,003
Ob aa'tori, dtej
2,513
298
4S
1,116
917
556 for consumption,---- for speculation and 2,lt 0 on contract.
WOro'Um.&oj
61
14
15
77
185
2 80 The following are the official quotations for each day of the
N o r fo lk ___ j
402
1,100
1,528
313
1,229
2 tto 0 past week—June 5 to June 11.
On the basis of the rates on and oil middling as established
N , N ew s, Ac,'
328
381
492
639
1,144
A il m im m ..
1,1 3 0
5 ,8 3 2
3,2 9 9
1,851
2,1 4 4
2,814 by the Revision Committee, the prices for a few of the
grades would be as follows: __________________________
Tot. th is wk.

8,349

13,277

510

......

1

13

1 5 ,5 2 7

3

18,8 1 3

5

2 0 ,8 7 6

2 5 ,4 9 4

t o n e S ep t. 1 160 4 6 ,8 1 8 5 1 6 9 ,4 9 0 7 8 1 6 ,7 5 8 5 8 5 8 ,7 8 2 4 9 5 1 ,2 7 8 7 0 1 3 ,2 0 6

The exports for the week ending this evening reach a total
of 15.071 bales, of which 14,088 were to Great Britain, 805
to France and 30,180 to the rest of the Continent. Below an
the exports for the w.uk and since September 1, 1898,
trpwtp*—
©iiSratfem..,*
Tax. Cliy, its..
Qtrte&tt*..
u m i n , .........
PesfcftaeEtla....
liaVIM3J8«Ji ,,..
,.
C hstirn tm t..
P on Ikrrfci..,
W flttfagtaa.
M mtoOt...» -.
ff’g*e<r1 5 ., A«..
Nmr t o f i , .

! OVA Bn4Oi0 J mi! 11, 1BS17 From S a t 1. MW, to June, 11. IRS?
I ______ KzpurUd tt>—
_____
Exported toOrta J
Omit- Tdta t Orm l
Contifr
o
n
t.
ffr itn .
Totm
n m i. Week. Britain, France n m t.
.....
1t~$7
,

..

• X%,iM 20.226

, m

1*190

4 1

2,491

...

2,401

P’da
%Ml
Ifl

PW bM pm **
$* ttsm*. k e ....

■SCS
im
1,4*6

15,100
to t
l #goo
60

73%8lft 196,471
422,280
112,170
60,782
48,263 15,381
103 347
78,322
71,600
06,431
1*6,32*
s.aoo
0,42?
310872 35,322
227,647
80,472 8,707
10 131
3,261

283,*00 1,218.222
21/; 9$ 21.708
064,112 1,010,895
87,120 180.200
6.618
72.350
372.48 430,140
21.790 125.138
101,8-9 270,211
71,600
111.863 200,794
45.851 100,371
1,128
10,656
260,140 014,:,34
3.475 231,122
76,701 105,010
450
10.584
66,031
68.895

Wilt* *0400 45,071 2,075,088j082, *04 2,151,804 A.809,358
IM S 4

1.777.048 4,307.632

URL AN D8.

S a l*

Good O rd in ary...............................
Low M iddling...................................
M iddling............................................
Good M iddling................................
M iddling F a ir ..................................

6t»i
75 *

G U L F.

r *
8»,e
S at*

M ou T u es

W ed

T il.

6>l,
7*,e
7 1 ',«
8
8 9 ,.

611,6

f i' h s

0>5n
7«,<
7 ' ”1(I 7»",e
8*4
81*„

» « •
f'5I0
V he 1
S»18 89i«
M on r u es W ed

G ood O rd in ary.............................. .
L ow M id d lin g .................................
M id d lin g............................................
G ood M iddling................................
M iddling F a ir ...........................

616*,
7 « ,;

6>r»l«
7"u,

8M
8 i« „

8*4

S T A IN E D .

S a t.

P r i.

r ills |i i ? 8
S
s
8 s . « : 88,0.
TTIi.

F r i,

6 ' 6,o
7» n
7 1b h,
S il
8U jr

M o il T u e s W e d

Th,

7 ho
7 ' |!'18
8*4
813,B
F r i,

L ow M iddling.................................
07,8
8V
eba
M id d lin g .... _____ ___________ ' r'i i
/ 5|W 7Jie
S trict M id d lin g ............................. . 7 1 % 7 i5 a
11b:iv 7 ?**
Good M iddling T in ged . ............. 7 U ,. 7 H ,« 7 G ,e 7Ui,
MARKET AND SALKS.

^Jie

67,e

7 1&ji
711,B 7 H 1b

SALES O P SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

Sat’d a y .
M onday.
Tuesday
W ed'day
Til’d a y .,

s te a d y a t
do.
S t e a d y .. .. . .........
S tea d y ..................
S tea d y .............
S t e a d y ....- . . .
F r i d 3 T .. s t e a d y .................

T otal—

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

E x­
p o r t.

Oon- Specs u m p . ulH 'n

404
116
378
401
936

942

403
430
631
840
1 ,2 3 8
453

__
....
....

3 ,1 7 7

4 ,0 0 3

....

C on­
tract.

Total.

S a le s o f
F u tu r e s .

—»

809
2 ,5 4 6
1 .0 0 0
1 ,3 4 7
2 ,1 7 4
1 ,3 9 5

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

2 ,1 0 0

9 ,2 8 0

3 1 1 ,1 0 0

2 ,0 0 0

....

100

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

e© © o© o© o© o© © o
.0 0 O 0 0 © © OOOOOO
JOO © O O © -* c o o o o o
TtH
_ooooo

O oooo
OOOO
© 0 0 0 0 qO O
*© 1s o1. O
o 0051 q q o q o
o'lO i>
OOt^tH >5 ;0C0 O-H
CO O CO

iDCDiOtOoTo
rn-H

© * <N

rH

F—
•

.© ©
CD© ©
So© .
cq-oio
H f-»
05

©OOOOOOOOOO
©OOOOOOOOOO
ooO O M O O O O O O
0 ^

r-"© co<ot>occc*f

COCSIO
85 H

rH© 05 Jj CO
CO

.© © © O O O O O O O O O O
t>©© © O O O O O O O O O O
« q o ©o o ©w o q q q q o
© c ic o ^ «h rjTto o' of o'
© CO.CO
HO COCOf-1
©

rH

CO

©OOOCOCOCD 0
00®005nnrH 05 ~
H oqqqao © g
coo"o'coco*ofnf
®
O t> -« CO© Ci -< ~COf-* r- CO
CJ
CO
O O O O H iO *
O O O C H iO *
OqO O O © ^
co® * bTof © -h
CO—CO*h CDl>
«£>« rH ^
. oa
cf
CO 13
Pi
OCOOOCOC5
OOOO'Offl l>
^ oqooaqco
hV *hcc —
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OM O h 35N h co d
r-r-r-' CArH cq p
sf ®
O C O O »N 'C © +3
O O O o * * *0 o
N q q o eqoqcq ^ t3
^OOl'ic'iON^
p
COCOOiNt^OOH ©
r- eS
© rHrH Cl
n o
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•® © ® • : ■
. BOmP0?
i ©,® ® 3
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0

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SsS3S8fifS
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fz;
o
cd

f. -r tS p ,
13
fe -P3 0 ■®

5 «8 5 roo fi g< ® «

1a 3

S c5 ® -p ■* £ „
sOJol a aO^a®
s s05 i3

s H ®S o a

£ 0
ajDpijMHtiiSMOe00
*a +3 p * j p p p p - p + j p f i
* <S 'c3c3cfla3e8ccS<£5QeSce
MM '© © © © © © C O © ©
©O
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33
03 00 V) ©30 00 00 00® V)CDCC

w

jM arket, P rices and.
Sales o f
FUTURES

o
CO

W

s

^b c S d

M a r k e t,
Range and
T otal Sales.

o

§■i|7

'S •
^3
s ;S S
|M ' fH®
■ : 2E
;^ S o p .
®| * a g
rr Sd d
2 oP
s §2»
oW
ME
.« O s s s S 3 ^ 0 . o
1 o° *®2 O * COOL
®<h •© ® a
h w n ce o
1 p - <d
P©H©P©
2C5 ® pj
e3 S
w<t
“P p* ha pes
2^ ©P
§S«
O ® CSOGODOD
|< » p S o
g sss
g tj b
^ > , 9 '3 '5 ’3
JJ d 5p
JO 4D D D

111

s i!!

I is-g.
3.-5IS
g il|

J u ly .

85

g b la a o .! s

8SiS
O
ftdJrH

Sf-sisl®§ ,sI'S «

2 2

”

35

1 © ® +3

S 3 be® t- o

©

Septem ber.

O **h cd
-is O d

P R IC E S

A labam a .

L ittle Hook,
A lban y,

••
A r k a n sa s .
<<
G e o r g ia ....
*<
i*
u

A ugusta,
'—
-HP P© C olum bus,

a

o 1 1

.a

!i 4
5 3 S ?
g t» 5 2
o

o ** o

«
O
a
g
S
^
55

” O
U O
d +=•
g ®
M j®
05 hp

E-t .9 a

o

October.

II

M is s o u r i . ..
N.C aro lin a

m
c
.2

C in cin n ati,
C olum bia,
G reenw ood,
M em phis,

O h io ..............
8. C aro lina

SALES

N ovem ber.

P rices paid (range)
W ednesd’y, J u n e 9 S a le s, to ta l...............
P rices paid (range)

A v ’g e .. 7*22 A v’g e .. 7*26 A v’g e .. 7'25 A v’g e .. 7*04 A v’g e .. 6-87
E asier.
9,700
17,500
6.6 0 0
2,5 0 0
1 ,3 0 0
6 3 ,1 0 0
6*81^ 7-28 7*21'® 7 23 7*24® 7-28 7*23® 7*28 7*00® 7*08 6-81® 6-91
7 2 1 - 7*23 7*23— 7'25 7 - 2 3 - 7*24 7 * 0 0 - 7 01 6 - 8 3 - 6-84
Stead y.

T hursday, J u n e 10

Weaker.
A v’g e .. 7 21 A v ’g e .. 7 "13 A v ’g e .. 7*22 A v 'g e .. 6*99 A v ’g e .. 6*82
7,1 0 0
6 ,5 0 0
4,7 0 0
2 5 .500
1,100
7 4 ,2 0 0
6*75^ 7-27 7-18® 7*24 7*18® 7'27 7*17® 7*26 6-9 i® 7 02 6*76® 6-88
6
7
8
- 6*79
6
9
5
6
96
7
*
1
9
7
20
7
*
1
8
7-19
7
-1
8
—
7*19
Stead y.

P rices paid (range)
F rid a y , J u n e 11
Bales, to ta l.............
P rices paid (range)
C lo sin g ......................

3 1 4 ,1 0 0

S a le s sin c e Sep. 1 /9 6 *

2 8 6 2 9 .1 0 0

84
109
238
2 50
100
145
375
107
1,849
28
234
1,358
285
12
5,239

535,773

23,1 M)
26,866
2 9 8 ,6 2 6
36,392
16,338
5 56,163
2 7 ,618
54,545

1,058

T o ta l, S I t o w n s ............

6.804 4 ,4 1 7 ,6 2 0

1 5 ,134

8 2 ,842

*•

OF F U T U R E S
D ecem ber.
.

FOR

EACH

Ja n u a ry.
.

25

3

F e b r u a ry .
• nf ran

M arch.
A *-*9ma

9 8 ,5 0 0
7*21

3 3 ,5 0 0
6-97

3 7 ,8 0 0
6*81

3 9 ,1 0 0
6-78

5 0 ,500
6-81

3 3 .7 0 0
6-85

793,200

8 7 7 ,4 0 0

2 ,8 0 3 ,4 0 0

29 8 ,0 0 0

3 7 2 ,9 0 0

5 4 1 ,5 0 0

5 34,100

2 5 0 ,3 0 0

33,177

.........
16
15
45
1,825
91
149
3 ,8 5 h
156
55
349
49
54

48,005
65,419
53,402
563, r 22
20,425
2 1 ,260
2 13,322

33,818

L5,V80
4 1 8 ,-8 5
2 1 ,220
5 3 ,720
4 1 .130
1,548 1,040.483

9,667 3,60 6 ,0 5 5

A p r il.
A ..1 fpr,

— ®
— ® —
— ® —
6*82— 6-84 6*85— 6*87
. r
, .
1 1
A v’g e .. 6*76 A v ’g e .. 6*78 A v’g e .. 6 82
3 ,0 0 0
900
3,1 0 0
— ® —
- ®
0*75® 6-77 0-78® 6-79 — ® 6-82 — ® —
6 - 7 5 - 6 70 6 * 7 8 - 6-79 6 8 1 - 6*82 6 * 8 4 - 6-86 6 - 8 8 - 6-90
A v ’g e .. 6-99 a r
A v’g e .. 6*84 A v ’g e .. 6*85 A v ’g e .. 6-89
6 00
7 ,4 0 0
6 ,7 0 0
1 2 ,400
6-98® 6-99 — ®
0*76® 6 85 0-80® 6*87 0-84® 6 91 — a —
6 * 8 4 - 6-85 6 - 8 6 - 6-87 6 - 9 0 - 6-91 6 9 3 - 6*95 6 * 9 8 - 7 00
,
A v’g e 6*9A v ’g e .. 6'84 A v’g e .. 6-8* A v’g e .. 6-91 A t
1,500
12.000
7 ,7 0 0
4,3 0 0
6*98® 7 01
®
6-81® 6-87 6-83® 6*91 0-88® 6 95 — a —
6-81— 6-82 6 * 8 3 - 6-84 6 - 8 7 - 6-88 6 - 9 0 - 6*92 6*95— 6-97
f
,
.
A v’ge. 6*79 A v ’g e .. 6*82 A v’g e .. 6*85
1 3 ,300
8.7 0 0
7 ,3 0 0
— ®
— ® —
6-75® 6*85 6-76® 6-88 6-81® 6-91 — ® —
6 - 7 6 - 6 77 6 - 7 8 - 6-79 6 - 8 2 - 6-83 6 8 5 - 6-87 6 9 0 - 6;92

1 5 ,4 00
7-22

49
30 5
4 30
22
12
24
30
237
7

M ay.

7,7 0 0

......
140
157
1,058
4,622
216
439
3,7 1 2
156
55
4,631

8,118

10,820

-

— ®

—

o g 2 -gctS

—

®© ® S r*5
CO3 3 ®© tr f f i SaPO
s* iP't.COwS
- I a*:
%
© 5; S
ss” ^ * feS
- r- M
. ®
"3 ©

A

-

—, ®

—

—

— ®

—

=

D u «5

®S 3 b s 5
— ®

—

— ®

—

..........

..........

Jsja r!
3“ « 1 |
§IfiS

S
u. d.s*g
© Ir os
o © o ^

•S s £ ® 3
2*®SJ

a'Sgs-

!S l4 p
2®p©
*©
i* H
b -5
if*C5.
o f o * 35^
•j • eShi o
O r « ,r -

33

2 s

“ SjoS

*d 2" §
*3
»13
> 0 'S«S-d
d
o co
x to
co
^ CD-o 3 lo,
a s ^ -g ia ;
5S ® «®
3 * <0®. g
q © ^ a ©
n -p» eo © _a
“t:
^3 © -h>

2 »«■“ -

4 .2 a « f
H b d Jj &
g oas -□
3 O»r)
rH

•26,506' 120,868

x ft . . £ 2
o5 ~ o - S o
rH
* U•t
ID ®

— ®

e8.S

i> 43 *■< ©
> « o _ os a

224
1,840
772
L 173
5,177
821
3,0 0 8
2.104
7,583
3,6 0 6
2,515
1,315
131
1,333
120
1,000
2,400
2,056
4,267
3.400
3 1 .074
25
1,110
3,750

3 00

—

—

^ g o

U
<
p c3 s
© *%
P rt

.

650
2 6 .5 7 2
197
1,824

— ®

2,4 0 0
6*94
9 ,3 0 0

431
71
200
16
433
140
353
15
35
686
8
2 00

—

A v’ge.
— ® —
C*82— 6*83

6-S6
300
6-96® 6 * 8 6 - 6*87

45
110
1 i9

MU tj > -H
®® O M
B5©
^ "c; « a
a» S = H
3g S r i
o ®
®S S'St'S

M O NTH .

— ® —
6-79— 6-80

3 ,2 0 0
7*20

16,381
117,474
34,967
50,598
98,769
26,758
50,182
91,455
173,613
46,930
50,204
5 1 ,816
5,952
7 8 ,750
2 h,438
4 0 ,5 0 0

___

447
4,088

*753 1,317,157

H ou ston ,

97

A v’g e .. 7*17 A v ’g e .. 7*17 A v’g e .. 7*16 A v 'g e .. 6*92 A v ’g e .. 6 7 5 A v ’g e .. 6-73 A v’g e .. 6*75 A v 'g e .. 6-79
E asier.
12,500
9,7 0 0
11,400
7,0 0 0
7 ,8 0 0
2,8 0 0
2 7 ,9 0 0
*200
7 9 .6 0 0
- ® 7*17 7*14® 7*19 7*13® 7 1 9 6*90® 6 94 6*74® 6*77 6*71® 6 76 6-73® 6-78 6-73® 6*82
6*7\ n 7-19
7 * 1 6 - 7*17 7 * 1 6 - 7 1 7 7 * 1 5 - 7 16 6 9 0 - 6 91 6 - 7 4 - 6*75 6 * 7 2 - 6-73 6 * 7 4 - 6-75 6 * 7 6 - 6-79
Quiet.

T o ta l s a les th is w eek
A v e ra g e price, w eek

22
23
61
3
1,363
28
Hb
1,558
285
17
1,626

200
402
107
5^-4
1,965
60

34
29
20
203
55

142
981
750
859
1,615
618
124
760
3,938
1,097
18
601
236
2,*58
111
1.050
216
1.321
5,169
998
23,730

;;;

Bren ham ,

Av’ge.- 7*19 A.v’f?e.. 7-22 A v ’g e .. 7*19 A v ’g e .. 6*94 A v’g e .. 6*77
Firm er
4 00
8 00
4 ,0 0 0
1,500
100
14,400
7 -2 0 * 7-23 7*18® 7*20 6*93® 6*91 6*76® 6*79
6 * 7 6 « 7-23 7*19® —
6
*
7
7
6*78
S tead y.
7 * 1 9 - 7 21 7 - 2 2 - 7-23 7 * 1 9 - 7*20 6*94— 6-95
A v ’g e .. 7-23 A v ’g e .. 7 24 A v ’g e .. 7*24 A v’g e .. 7*01 A v’g e .. 6*85
H igher.
9 ,5 0 0
1 4 ,2 0 0
3 ,2 0 0
2 0 ,900
400
7 5 ,3 0 0
6 ’7 6 ,3> 7-27 7*22'3> 7-21 7*22® 7 "26 7-19® 7-27 6-94® 7 03 6*79® 6-87
7 * 2 3 - 7*24 7*21— 7*25 7 - 2 1 - 7-25 7 * 0 1 - 7*02 6 - 8 6 - 6-87
S tead y.

15
95
70

14
191
112

15,485
128.373
6 0 ,137
5 0 ,550
88,739
32,412
5 6 ,617
1 3 1 .0 .0
2 82,225
45,183
60,909
6 3 ,052
7,869
102,939
34,682
57,529
41,365
63,962
80,824
5 9 ,4 1 9

125
28,222
950
134
34
1,650

T e n n e s s e e ..
*•
T e x a s ...........

Mond&q Jun o 7 -

T uesd ay, J u n o 8 -

124
132
194
84

Hom e.
L ou iavllle.n ei Ke n t u c k y .
S h revep ort, L o u isia n a .
Mis s is s ip p i .
G reen ville,
“
••
N atch ez,
Vioksburj*,

ft S
£ &

AND

102

u
n

8t. L ouis,
C harlotte,

l©
ft

5
42
13

11

.2

s ^ 'g
aC © 9cC

1 - CO-v<
P © n ja S: 1 co «

sii|lil fes ®.SfS 0

A u g u s t.

d £• ®I

PH OJ

? 5 |» S 'S § 0 ® §
^ P P o 3 ,S ^ J 3 o

LOufaula,

.2 fl +3 C8

M o v e m en t to J u n e 12, 1896.
R eceipts.
S h ipm H s Sto ck
T his
T his
S in c t
week. Sept. 1,»95. week. J u n e 12.

M o vem ent to J u n e 11, ia » 7 .
Receipts
S k ip m 'ts 8 ock
r /iis
This
Since
J u n e 11
week. S e p t.1 ,’96. w eek

To w ns

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. £ « ? ««

D A IL Y
June.

d os g p
co
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© V, g o

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!j^ ‘o o ! ; o
:o n o o

' • COu,
© \M *

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a, rP
.it -h
0 Hi
£■2
© K

S a turday, J u n e 5 S a les, to t a l...............
P rices paid (range)

P rices paid (range)

CO . 2

•m r 3 q .,S ,a r +3 ®

OCO
0*0 ec r'r-T H K M
dt> 05
, *10 " lOM MP o
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A v ’g e . . 7*20 A v ’g e .. 7*19 A v ’g e .. 7*18 A v ’g e .. 6-93 A v ’g e .. 6*79 A v’g e .. 6 7 4 A v’g e .. 6-78
Easier.
1,700
6 00
4 00
1,300
2,700
700
100
7,5 0 0
— ^ 7*20 7*18® 7*21 7*17 (t 7*19 6*92® 6*94 6*76® 6*78 6*74® 6*75 6 -“6® 6-78
6*747-21
6*91— 6*92 6*75— 6*76 6 - 7 2 - 6-73 6-75® 6-76
D ull.
7*16— 7*18 7 - 1 8 - 7*20 7*17 - —

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1142

THE; s =CHRONICLE,
____________________
=

[V o l . LX IY .

hundredths. The thermometer has ranged from 54 to 98
averaging 71.
Huntsville, Texas.—It has rained on one day of the week,
the rainfall being five hundredths of an inch. Average
~~
........ :
O lO S IS tl Q U O TA TIO N S F O R R ID D M N O COTTON ON—
thermometer 70, highest 91, lowest 01.
'
W eek e n d in g , , ... —------------ -------- - ----Dallas, Shams.--There has been rain on one day during the
f*rf.
Fertile*. T h u n .
Ju n e 11.
Suiiir. ■ Mon.
Fuel.
week, the preoipitation reaching seventy-five hundredths of
an inch. The thermometer has averaged 72, the highest
7 i|«
7*4
O air« a te & ..
7H
z>
77ifi
7'la
7%
7‘i«
New Orleans 7 %
being 89 and the lowest 56.
7q
7
>4
7*4
7*4
7H
rq
M 0 b U o ...„ .
San Antonio, Texas.- We have had rain on one day of the
71*
7q
7*4
7q
7*4
'8*F*tiiitdi-. ■ 7 >4
74*
week, the precipitation reaching fifty-two hundredths of an
7*4
7 *4
7*4
7>4
ObArU'e'on .
7q
7*4
7*4
7*4
7*4
7*4
7 is
W llnitusten,
inch. The thermometer has averaged 74, ranging from 60
N o rfo lk . . . . .
7*18
to 88.
t
!
ib
18
?*«
B o sto n ......... j 7 \
®J
Luling, Texas.—It has rained on one day of the week, the
B a lttm o r e . . ! 71
A*
7*h»
rainfall being seventy-five hundredths of an inch. The
J>Ml*<t«iphU:
g
*
7-V
v
>
7%
73*
A iw u s ta .....: 7%
thermometer has ranged from 01 to 90, averaging 70.
7|ie
7*4
M em phis----7’ l«
2*1«
z :i'«
Columbia, Texas.—We have had no rain during the week.
7=8
7%
7=8
7=a
Bt. !.<>n!s....: 7%
76,6
74*
7=,e
Average thermometer 74, highest 87 and lowest 62.
7*4
H o u sto n ---- j 7*4
7%
7=8
7=8
7=8
7=8
C to eto n a tl. i 7=9
Cuero, Thro*.—There has been rain on one day of the
7=8
7=8
7%
7=8
7%
L o u isv ille... I 7%
week, the rainfall reaching sixty-five hundredths of an inch.
T h e c lo s in g q u o ta t io n s to -d a y (F r id a y ) a t o t h e r im p o r t a n t The thermometer has averaged ’78, the highest being 91 and
S o u th e r n m a r k e ts w e r e a s f o llo w s .
the lowest 05.
Brenham, Texas.—We have had showers on one day of the
7% I Oolttmbus.MiSB
7=8 N a B h v ille .......... 7*4
A th e n s...............
7>4
N
atch
ez............
7
7% 1 E u fa u la ..........
A t l a n t a ................
week, to the extent of twenty hundredths of an inch. The
7Tg L ittle R o o k ....
678 R aleigh ............. 7*i thermometer has averaged 77, ranging from 63 to 91.
C harlotte.........
7=s I M ontgom ery...
7*4 Shreveport....... 6u>]g
Columbus. Ga.
Fort Worth, Texas.—Rainfall for the week twenty-five
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 i n c e S e p t . 1 .— hundredths of an inch, on one day. Average thermometer
We give below a statement showing the overland movemeni 72, highest 89 and lowest 56.
Weatherford. Texas.—It lias been dry all the week. The
foi t o e week and since September 1. As the returns reach u>
by telegraph late Friday night it is impossible to enter st thermometer has averaged 72, the highest being 90 and the
largely into detail as in our regular monthly report, but al lowest 55.
New Orleans. Louisiana.—Rain has fallen on one day of
tne principal matters of interest are given. This weekly
publication is of course supplementary to the more extender the week, to the extent of seventeen hundredths of an inch.
monthly statements. The results for the week ending June 11 The thermometer has averaged 78.
Shreveport, Louisiana.—We have had rain on three days
and since Sept. 1 in the last two years are as follows.
of the week, the precipitation being one inch and two hun­
1895-96.
1896-97.
dredths. The thermometer has ranged from 60 to 88, aver­
June ll.
aging 73.
Since
Since
Week. Sept, 1
Week. Sept. 1.
Columbus, Mississippi.—There has been no rain during the
week. Moisture is needed. Showers latterly have been par­
g h tv p c d 4,622 539,497 tial. Average thermometer 72, highest 90, lowest 60.
1.849 529,026
Vla 8 t L ou is...............
Leland, Mississippi.—There, lias been rain on two days
2,240 239,762
870 266,955
Via Cairo......................
19,086 during the week to the extent of ninety-three hundredths
107
19,028
227
Via P a rk er...................
1 ,6 8 1
2,567
Via E v a n sv ille______
of an inch. The thermometer has averaged 67-1, the high­
i,0 8 4 135,051
557 135,486
Via Loulsviiie..............
3,133 111,435 est being 85 and the lowest 56.
1,022 142,307
Via Cincinnati............
Vicksburg, Mississippi.—It has rained on two days of the
279
91,773
107 115,799
Via other routes, <So.
week, the rainfall being one inch and seventy hundredths.
11,465
1,138,335
Total gross overland...............
4,892 1,211,188
The thermometer has averaged 73, ranging from 63 to 91.
•Oerturf s h ip m e n t!—
Little Bock. Arkans s.—We have had rain on two days of
1,592 268,743
620 311,178
Overland to N. V ., Boston, &o.
3,529 the past week, the precipitation reaching thirty-six hun­
4,570
93
123
Betw een interior tow n s............
41,527
868
49,779 dredths of an inch. The thermometer has ranged from 56
552
Inland, Ac., from South............
2,553 322,051 to 90, averaging 70.
1,295 357,275
Total to b e deduoted.
Helena. Arkansas.—Crops have slightly improved, but
8,912 816,284 worms are still doing some damage and the weather has
3,397 353,913
been rather cool until to-day. There has been light rain on
The foregoing shows that the week’s net overland movement one day during the week, the rainfall being seventeen hun­
this year has been 3,397 bales, against 8,912 bales for the dredths of an inch; but there has been more near by. Aver­
week in 1896, and that for the season to date the aggregate net age thermometer 67-6, highest 86 and lowest 5.2.
overland exhibits an increase over a year ago of 37,629 bales,
Memphis. Tennessee.—Crops generally are small and back­
ward and suffering for moisture. Rain has fallen on one day
1895-96.
1896-97.
of the week, to the extent of thirteen hundredths of an inch,
I n B ig h t m id S p in n e r s ’
and is now falling. It will do great good. The thermometer
Since
Since
T a k in g s .
Fee*. Sept. 1.
Fee*. Sept. 1
has averaged 70-7, the highest being’91 and the lowest 58.
Nashville, Tennessee.—The week’s rainfall has been twenty8,319 6,646,818 13,277 5,159,490
Receipt* at ports to Juno 11 ____
Net overland to June 11................
3,397 853,913
8,912 816,284 one hundredths of an inch. The thermometer has averaged
Southern consum ption to June 11 17,000 792,000 17,000 771,000 70, ranging' from 53 to 88.
Mobile, Alabama.—Crop reports are more favorable. Good
Tota m ark eted .............
28,746 8,292,731 39,189 6,746,774 rains occurred iu most sections during the early part of the
* 8,330
88,168
in te r io r s to c k s In e x c e s s . .
137,752 *16,839
week. The weather now is warmer. We have had rain on
Came into sight during week. 20,416
22,350
four days of the week, the rainfall reaching one inch and
Total in eight June 1 1 . . . __
8,254,979
6,834,942 eighty-seven hundredths.
The thermometer has ranged
North*!, spinne rs tak’g s t o j u n e ll __________________
8,871 1,616,118 17,401 1,565,173 from’65 to 89, averaging 77.
Montgomery, Alabama.—Crops are small but healthy.
* D ecrea se du rin g week.
i Less than Sept. 1.
is needed. It has rained lightly on four days of
It will bo seen by the above that there has come into sight Moisture
week, the precipitation reaching seventeen hundredths
during the week 20,416 bales, against 22,350 bales for the the
same week of 1898, and that the increase in amount in sight of an inch. Average thermometer 77, highest 89 and low­
est 66.
to-night as compared with last year is 1,420,137 baies.
Madison, Florida.—We have had rain on three days of the
Wkathkk Reports by Telegraph.—Advices to us by week, the precipitation reaching three inches and fifty hun­
telegraph from the South this evening are, on the whole, of dredths* The thermometer has averaged 83, ranging from
a more satisfactory character. While the plant is backward 70 to 96
generally as a result of low temperature at night, the weather
Savannah, Georgia.—We have had rain on six days of the
Las latterly turned warmer and improvement is reported week, the rainfall reaching one inch and forty-five hun­
from many localities. Rain has fallen in most sections dur­ dredths. Average thermometer 78, highest 92, lowest 61.
ing the week, but in some portions of the Gulf States, where
Augusta. Georgia.—There lias been rain on five days of
tl * precipitation has been light, moisture is needed. In the week, the rainfall reaching one inch and ninety seven
South Texas, early cotton is said to be fruiting nicely. Some hundredths, The thermometer has averaged 76, the highest
damage by lice and other cotton pests is rei orted from points being 91 and the lowest 62.
in Texas.
Charleston, South Carolina.—We have had rain on four
Onlwxlon, Texas.—The generally dry weather now pre­ days during the week. The thermometer has ranged from
vailing is favorable, as it has enabled farmers to clean the 68 to 85, averaging 75.
cotton crop of weeds and grass. Some cotton is being
Siateburg, South Carolina.—A thunderstorm, with heavy
replanted over North Texas and some stubble land is being rain and high wind, on Friday last did some damage
planted. Lice and other cotton pests are still damaging through washing and flooding crops. It has rained on four
crop in many places. Early cotton is fruiting nicely over days of the week, the precipitation being four inches and
th> southern portion of the State. The warm weather now sixty-four hundredths. Average thermometer 7*45, highest
;s beneficial. Rain has fallen lightly on one day of the 87, lowest 61.
vo ck th<* precipitation reaching two hundredth of an inch.
Greenwood, South Carolina.—Rain has fallen on four days
The thermometer has averaged 78, ranging from 71 to 85.
of the week, to the extent of one inch and ninety-seven
Tal/stine, h r a s ,—We have had rain on one dav of the hundredths. Average thermometer 74, highest 83, lowest 65.
week, the precipitation reaching one inch and sixty four
Wilson, North Carolina.—Rain has fallen on three days o
u c u t a Tio v s v o n M id d l in g Co t t o n a t O t h e r M a r k e t s .b J o w art* d a t i n g q u o ta t io n s o f m id d lin g c o t t o n a t S o u th e r n
and o th e r p r in cip a l c o t to n m a r k e ts for e a c h d a y of t h e w e e k .

g»

THE ( HKONICLE,

J une 13, 1»97.]

1 143

the week, the rainfall reaching fifty-one hundredths of an
G o v e r n m e n t W e e k l y C o t t O xN R e p o r t . -Mr. W. L. Moore,
inch. The thermometer has averaged 75, ranging from 64 Chief o» the Weather Bureau of the Agricultural Department,
to 88.
made public on Tuesday the foliowing telegraphic reports on
The following statement we have also received by telegraph, the crop in the Southern States for the week ending June 7 :
■howing the height of the rivers at the points named at
V ir g l n ia .— F o r e p a r t o f w e e k t o o c o o l f o r g r o w t h , b u t l a t t e r p a r t
w a rm w ith tim e ly r a in s , a n d c ro p c o n d itio n s c o n s e q u e n tly im p r o v e d ,
8 o’clock June 10, 1897, and June 11, 1896.
J u n e 1 0 , ’97. J u n e 11, ’96.
Feet.
15*8
13*6
3*1
12*5
31*6

N e w O r le a n s........
M em p h is................
N a sh v ille ................
S h re v e p o r t............
V lok sb u rg ............. ..........A b o v e zero o f g a u g e .

Feet.
11*5

22 2
6*2
09
33 3

A L EX A N D R IA R E C E IP T S AND S H IPM E N T S.
A l e x a n d r i a , E g y p t,

J u n e 9.
B eceip ta (oantars*)___
T ills w e e k ............
S in ce S ep t. 1 ...............

18 9 6 -9 7 .

1 8 9 5 -9 6 .

5 ,0 0 0
5 ,7 7 1 ,0 0 0

5 ,0 0 0
5 ,2 0 3 ,0 0 0

1 8 9 4 -9 5 .

4 ,5 3 4 ,0 0 0

S in c e
T h is
w eek. Sept. 1.

T h is
S in c e
w eek. S ep t. 1.

E xp orta (b a les)—
T o L iv e r p o o l______
6.000 3 1 9 ,0 0 0 , 3 ,0 0 0 3 2 6 .0 0 0
To C o n tin e n t!.......... . 15,0 0 0 3 5 5 ,0 0 0 10,000 3 1 3 .0 0 0

2,000 2 6 5 .0 0 0
6,000 3 2 8 .0 0 0

S in c e
T h is
w eek. S ep t. 1.

8,000 5 9 3 ,0 0 0
T otal E u r o p e ...... 21,000 6 7 4 ,0 0 0 1 3 ,0 0 0 6 3 9 ,0 0 0
* A o a n t a r is 98 p o u n d s.
f Of w hich to Atnerto* In 1 3 9 6 -9 7 , 4 3 ,0 6 1 b a les; In 1 8 9 5 -9 6 , 5 5 ,5 1 6
bales; in 1894-95. 4 1 ,6 2 3 b a les.
M a n c h e s t e r M a r k e t . —Our report received by cable

to-night from Manchester states that the market is firm for
yarns and steady for shirtings. The demand for both India
and China is improving. We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison.
1896.

1897.

8*4 lbs. S h irt- Cott’n
8*4 lbs. S h ir t- OotVn
32* Oop. in g s , co m m o n M id . 32* Oop. in g s , com m on M id
Tw ist.
T w ist.
to fin e s t.
TJplds
to fin e s t.
U pid.
d.

M ay 7
“ 14
“ 21
“ 28
J ’n e 4
“ 11

d.

8. d.

s.

4 1 H>6
6* is
6*2 *7% 4 0 *2*6
6% ® 71i 4 0 *2*6
63j^ 7 1 1 ^ 4 0 *2*6
83i„ ®73, 4 0 *2*6
*7*1, 4 0 *2*6

d.

d.
d.
47,2 6«ie
6*16
6
43,2 6*16
4*e 6’ ,«
6
6
4*« 6 %
6*2 45.« 6*4

7

8. d.
s.
d.
* 7 ? i« 4 5 **6
* 7 7i6 4 5 ®6
4 5*2*6
®73e 4 5 *6
®73a 4 4 * 2 * 6
*7*4 4 4 **6

d.
9*2
9
9
9
9

d.
471S
43 q
4 o18
J B3
3 l516
8*2 32»32

C o t t o n A c r e a g e R e p o r t . —In our editorial columns will
be found to-day our annual cotton acreage report, with an
account at length of the condition of the plant in each section
of the South. The report has been prepared in circular form
and the circulars may be had in quantity with business card
printed thereon.
A g r i c u l t u r a l D e p a r t m e n t ’s R e p o r t o n A c r e a g e .— The
Agricul ural Department at Washington issued on the 10th
inst. its report on cotton condition and acreage. The follow­
ing is what it says on the subject of acreage:
T he con solid a ted returns o f rep orts to th e 8ta tistio a l D iv isio n o f th e
D e p a r tm e n t of A g ricu ltu re for th e m o n th o f J u n e show th e S ta te p e r ­
cen ta g e s of acrea g e as com pared w u h la s t y e a r to be as fo llo w s: Vir­
g in ia , 106; N orth C arolina. 106; Sou th C arolina. 103; G eorgia. 102;
F lorid a, 95; A labam a, 102; M ississip pi, 98; L ouisiana, 100; T ex a s,
106; A rk an sas, 105; T en n e sse e, 106; M issouri, 107; Indian T erritory,
134; O klahom a, 15o; g eneral a v era g e, 103*5, m ak in g a to ta l acrea g e
o f 2 4 ,0 9 1 ,3 9 4 , as com pared w ith 2 3 ,2 7 1 ,7 0 4 a cres la s t year.

The following is the report of the D jpartm^nt on condition:

T he avera g e con d ition o f th e crop w a s V irginia, 8 7 ; N orth C arolina,
84 ; South C arolina, 8 7 ; G eorgia, 8 4 ; Flori la, 9 0 ; A labam a, 8 1 ; M is­
sissip p i. 76 ; L ouisiana, 8 4 ; T ex a s, 8 7 ; A rkansas, 8 3 ; T en n essee. 7 7;
M issouri, 9 0 ; Indian T erritory. 8 5 ; O klahom a, 7 2 ; g en era l a v era g e,
8 3 5 , a g a in st 97*2. th e J u n e c o n d itio n o f la s t year.
T he crop th ro u g h o u t th e c o tto n b e lt is from o n e to th ree w eeks la te .
T he w ea th er du rin g the p a st m onth h a s b een co ld and dam p a n d un­
fa v o r a b le to th e g ro w th o f th e plan t. T he sta< ds are irreg u la r and
poor in m an y lo c a litie s and th e da m a g e by in s e c ts h a s required much
r ep lan tin g. A s a g e n e ra l th in g th e crop h a s been w ell w orked and is
free f - oin grass. A large num ber o f c o u n ties in T ex a s rep ort the plan t
in good con d ition and prom ising a fair y ield . The in crea se in the use
o f fertilizers is g rea ter th a n e v er I d A labam a and th e A tla n tic S ta tes.
T w en ty -six c o u n ties in G eorgia rep ort a d ecrea se o f 3 t per c en t in
th e area p la n ted in Sea Islan d c o tto n , tw e n ty -fo u r c o u n ties in F lorid a
a d ecrease o f 17 per c en t, w h ile th e S o u th C arolina rep orts sh o w an
In crease o f 5 per c e n t in Sea Isla n d acreage.

The above statement of condition, compared with the
reports for previous years, is as follows*
<1

00

AG RICU LTU RA L D E PA R TM EN T'S JU N E CO ND ITIO N R E PO R T S.
June
C o n d itio n .

V lr itin la ...
N o. C a r ....
So. C a r . . . .
G e o r g ia . . .
F lorid a ___
A la b a m a ..
M ississippi
L o u is ia n a .
T e x a s ........
A r k a n sa s..
T en n essee.
M isso u r i..
Oklahom a.
In d i’n Ter.

87
84
87
84
90
81
76
84
87
83
77
90
72
85

A verage.

83-5

1896. 1895. 1894. 1893 1892. 1891. 1890. 1889. 1888.
91
99
97
95
85
103
104
94
92

102
113
92

\ 87
97*2

67
61
72
82
92
85

95
83

79

88

91
87
89
91
91
82
81
75
90

85
84
78
80

91
89
73

90
98
97
94
92
93
85
84
84
85
87

85
79
89
87
89

....

....

....

80
94
92
90

70

100

....

....

....

....

....

81*0

88-3

85 6 85-9

85-7

88-8 8 6 4

88-2

88

87
98
82

86
87
82
89
92

88

78
95
80
80
90
89

84

97
84
83
76
92
8 *?
91
95
94
97
78
96

88
88

88
83
85
90
95
92
79

86
88
92
94
92
90

88

C o tto n c o n tin u e s b a d s ta n d .
N o r t h C a r o l in a — W a rm d a y s , f r f q u e n t s h o w e rs , f a v o r a b le , c a u s i n g
r a p i d g r o w t h ; c o t t o n s m a l l, f r e s h , g o o d s t a n d , f e w c o m p l a i a t s o f lic e .
S o u t h C a r o l i n a .— E x c e l l e n t g r o w i n g w e a t h e r , w i t h m a r k e d i m ­
p r o v e m e n t in a ll c ro p s ; c o tto n s m a ll, h e a lth y , g o o d s ta n d s , g r o w in g
fa s t.
G e o r g i a .— D r o u t h t e m p o r a r i l y b r o k e n o n 3 d , a n d s h o w e r s h a v e
f a lle n o n s e v e r a l d a y s , d o in g m u c h g o o d , e s p e c ia lly in t h e m id d le a n d
s o u th e r n d iv is io n s ; c o tto n lo o k in g b e tte r , a n d s o m e p l a n t s a r e t a k i n g
o n fo rm s.
F l o r i d a .— E x c e p t i n g a l i m i t e d s e c t i o n t h e w e e k w a s v e r y f a v o r a b l e ;
c o p io u s s h o w e r s to h e a v y r a i n s q u i te g e n e r a l , w i t h s u f f ic ie n t w a r m t h ,
h a s te n e d g r o w th <f c o tto n .
A l a b a m a . —W e i l d i s t r i b u t e d r a i n F r i d a 7 , b u t m o r e n e e d e d f o r o o t t o n ,
w h ic h c o n tin u e s c le a n a n d h e a lth y ; o j tt o n a b o u t a ll c h o p p e d a n d
a v e ra g e s 6 in c h e s h ig h .
M i s s i s s i p p i . —R e c e n t r a i n s o f g r e a t b e n e f i t t o a l l c r o p s ; c o t t o n s m a l l
a n d b a c k w a r d , th o u g h iu g o o i c o n d itio n : h ig h w in d s d id s o m e d a m ­
a g e ; n e a r l y t h r o u g h c h o p p in g c o tt o n , w h ic h is i ij tir e d b y l ic e l o c a l l y ;
r e c e n t l y o v e r f l o w e d l a n d s n e a r l y alL p l a n t e d .
L o u i s i a n a .— B e n e f i c i a l r a i n f e l l o v e r a l l b u t m o r e s o u t h e a s t e r n p a r ­
is h e s a n d c r o p s s h o w a c o r r e s p o n d in g im D r o v e m e n t.. O o tto n g r o w i n g
f a s t e r a n d b lo o m s m o re c o m m o n ; h ig h w in d s in flic te d s o m e lo c a l d a m ­
a g e ; a ll v e g e ta tio n o v e r s o u th e a s t p a r is h e s n e e d s r a in .
T e x a s . —O v e r n o r t h e r n a n d c e n t r a l p o r t i o n s g r o w t h o f c o t t o n r e ­
t a r d e d b y c o o l w e a th e r a n d s o m e r e p la n tin g c o n tin u e s , w h ile f a i r
g r o w th a n d d e v e lo p m e n t o f f r u i t r e p o r te d f ro m o th e r p o r tio n s ; in
s c a tte r e d lo c a litie s h e a v y r a i n a n d h a il s to r m s d a m a g e d c ro p s ; lic e
a n d w o rm s c o n tin u e in ju r in g y o u n g c o tto n in m a n y s e c tio n s .
A r k a n s a s . - A b u n d a n t r a in s v e r y b e n e fic ia l, b u t lo w t e m p e r a t u r e s
d e t r i m e n t a l t o a ll c r o p s . C o tto n im p r o v e l s li g h tl y , b u t c o m p l a in t s o f
lic e ; s t a n d s v e r y i m p e r f e c t; a l l c r o p s c le a n a n d w e l l c u l t i v a t e d ;
w a rm e r w e a th e r n e e d ed .
M i s s o u r i . —G o o d s h o w e r s i n s o u t h e r n p o r t i o n ; a l l c r o p s r e t a r d e d b y
lo w t e m p e r a t u r e ; c o tt o n d o in g f a i t l y w e ll, b u t s o m e c o m p l a in t s o f lio e
T e n n e s s e e .— G o o d r a i n s i n e a s t e r n s e c t i o n a n d s o u t h e r n a n d c e n t r a l
p o r tio n s g r e a tly im p r o v in g y o u n g c ro p s , b u t m u c h m o re n e e le d in
n o r th e r n , c e n tr a l a n d w e s e r n s e c tio n s ; o ro p s c le a n a n d w e ll c u lt i ­
v a t e d . C o t t o n a l o w g r o w t h ; t o o c o o l.
O k l a h o m a .— C otton co n tin u e s v e r y backw ard.

The Department summarizes these reports as follows :
T he rep orts g e n e ra lly in d icate th at c o tto n h as m ade b ut slow gro w th
duriDg th e w e ek , and th a t th e crop, as a w h ole, is backw ard. Som e
im p rovem ent, as com pared w ith its c on d ition in th e p reviou s w eek ,
is reported from G eorgia, A rkansas an d L ouisiana. In N orthern
T ex a s rep la n tin g co n tin u e s and gro w th h as been retard ed by oool
w eather; bu t in oth er seo tio n s of th e S ta te th e crop h a s m a le fa ir
grow th, alth ou gh dam age to som e e x te n t in lo c a litie s by h e a v y r a in s .
S t a t e W e e k l y C o t t o n R e p o r t s . —We give below summaries
of the reports for the week ending Jun^ 7 issued by the
various States under the auspices of the Weather Bureau of
the United States Department of Agriculture, so far as they
apply to cotton.
V i r g i n i a . C otton b ickw ard on acco u n t of cool w eath er.
N o r t h C a r o l i n a .— T he w eek en d in g M onday, J u ie 7 , has b een
g e n e ra lly favorab le th rou gh ou t N orth C arolina. A lth ough th e tem ­
p eratu re is s till c o m p a r a tiv e ly low , on acco u u t of oool n igh ts, th e
w arm er days and freq u en t sh ow ers this w eek lit v e cau sed p ercep tib le
grow th in crops and im p roved prospects gen erally. T he ra in fa ll aver­
aged abou t an in ch for th e S tate. It i s s till too dry o ver a few c o u n ties
ia th e n o rth ea st and ex trem e sou th p ortion s. C otton, th ou gh sm all,
h as good stan d , is fresh in ap p earan ce, and th e ou tlook for th a t crop is
not d iscouraging.
s o u t h C a r o l i n a . — C otton h a s m ade rapid ad van ce and is ge n e ra lly
in fine grow in g con d ition , alth ou gh sm all for th e season . S tan d s are
rep orted nearly p e r fe ct o v er th e en tire S tate, and ch op p in g o u t has
m ade rapid progress w here n o t p reviou sly com pleted. T he p la n t look s
h e a lth y and is b u t little in feste d b y lic e or oth er h arm fu l iu seots.
F ield s are g en erally clear o f grass, w it'i v e r y fe w con trary rep orts.
Squares, or form s, are noted o v er th e e a ster n and c en tr a l cou n ties.
L a st year o dtou w as b lo o in ia g at th is tim e. Sea Islan d c o tto n bein g
dam aged h v w orm s and dry w eath er retarded its grow th.
G e o r g i a .— W h i l e t h e r e a r e s t i l l s o m e s e o t i o n s t h a t a r e s u f f e r i n g f o r
r a in , th e p r o tr a c te d d r o u g h t w a s te m p o ra rily b ro k e n b y g o o d sh o w e rs
d u rin g th e la s t h a lf o f th e w e e k , a n d a s a r e s u lt a g e n e ra l im p r o v e m e n t
ie a l r e a d y n o t e d i n a l l g r o w i n g o r o p s . e s p e c i a l l y t h o s e o n h i g h g r o u n d .
T h e s o il h a d b e e - m e s o h t r d a a d d r y t h a t ir, w a s i m p o s s i b l e f o r v e g e t a ­
t io n to o b t a i n s u f f ic ie n t m o is tu r e to m o r e t h a n k e e p i t a liv e . A ll fie ld s
h a d b e e n w e ll c le a n e d a n d w o rk e d , a n d w e r e i n e x c e lle n t c o n d itio n
w h e n th e r a in c a m e . T h e w a rm n ig h ts a n d s h o w e rs h a v e g r e a tly im ­
p r o v e d c o t t o n . T h e r e a r e f e w e r c o m p l a i n t s o f l io e o n t h e p l a n t t h i s
w t- e k . M o r e r a i n i s n e e d e d , a s t h e g r o u a d h a d b e c o m e s o d r y t h a t t h e
g o d e ff e c ts o f t h e r e c e n t r a i n s w ill b e b u t t e m p e r a r y u n l e s s s o o n f o l­
lo w e d b y m o re .
F l o r i d a . — E x c e p t i n g a l i m i t e d s e c t i o n , ’t h e w e e k w a s v e r y f a v o r a b l e ,
w i t h c o p io u s s h o w e r s to h e a v y r a i n s q u i t e g e n e r a l a n d s u ff ic ie n t
w a r m t h to h a s t e n g r o w t h o f c o tto n .
A l a b a m a .— D u r i n g t h e w e e k t h e c o n d i t i o n s w e r e g e n e r a l l y f a v o r a b l e
f o r c ro p s o v e r th is e n tir e s e e lio n . T h e f ir s t fe w n ig h ts w e r e w a r m a n d
th e d a y te m p e r a tu r e s h ig h , a n d w h ile t h e la s t fe w n ig h ts w e r e r a t h e r
c o o l, t h e y w e r e n o t s o m u c h s o a s to b e in ju r io u s . A v e r y g e n e r a l r a i n
w h ic h p a s s e d o v e r m o s t o f th e S ta te o n th e 4 tli a n d 5 th r e s u lte d in a n
i m p r o v e m e n t i n c o t ’o n a u d c o r n , a l t h o u g h t h e r e a r e a f e w s c a t t e r e d
lo c a litie s w h e re b u t little if a n y r a in w a s re c e iv e d a n d w h e r e o ro p n a r e
a b o u t a t a s ta n d s t il l. C o tto n is u n u s u a ll y c le a n a n d h e a lt h y , a n d w e ll
c u l t i v a t e d ; i t is a b o u t a ll c h o p p e d a n d a v e r a g e s a b o u t 6 t o 8 i n c h e s
h ig h ; v e ry few c o m p la in ts o f v e rm in .
M i s s i s s i p p i .—T h e w e e k g a v e g e n e r a l r a i n s w h i c h w e r e o f g r e a t
b e n e f i t t o a l l c r o p s . C o t t o n a n d c o r n a r e i n g o id c o n d i t i o n , b u t t h e r e
is c o n s id r a b l e c o m p l a in t t h a t t h e p l a n t s a r e s m a ll, a n d b o th o r o p s a r e
b a c k w a r d . P la n te r s h a v e n e a r ly fin is h e d c h o p p in g c o tto n , a n d c o m ­
p l a i n t c o n ti n u e s o f d a m a g e t o t h is c r o p b y lic e in m a n y lo c tli ti e s .
R a p id p ro g re s s h a s b e e n m id e in p la n tin g o n lo w la n d s w h ic h h a v o
b - e n o v e r f l o w e d b y t h e l a t e f lo o d a s t h e w a t* * r h a s r e c e d e d .
L o u i s i a n a .— B e n e f i c i a l r a i n s f e l l o v e r a l l o f N o r t h a n d W e s t L o u i s ­
ia n a d u r in g t h e w e e k . T h e t - m p e r a t u r e c o n d itio n s , w h ile s lig h tly Im ­
p r o v e d o v e r fo rm e r w e e k s , y e t s h o w a d e fic ie n c y iu th e d a ily a v e r a g e .
T h e r a i n f a l l in t h e s o u t h e a s t e r n p o r ti o n o f t h e S t a te w a s i n a d e q u a t e
to t h e n e e d s o f t h e g r o w in g c r o p s a n d v e g e ta t io n , a n d t h e c o n ti n u e d
d r o u th is a s s u m in g a r a t h e r t h r e a te n i n g a s p e c t in lo c a litie s a w a y f ro m
s tre a m s . C ro p s a s a r u le sh o w a g e n e ra l im p ro v e m e n t o v e r th e
w e s t e r n a n d n o r t h e r n p a r is h e s . C o tto n b lo o m s a n d s q u a r e s a r e m o r e
c o m m o n ly r e p o r te d , a n d w h ile th e o o tto n is r a h e r b a c k w a r d a n d
s m a ll, t h e i m p r o v e m e n t f ro m w a r m t h a n d f r o m s h o w e r s w ill p r o v e
h i g h ly b e n e fic ia l. T h e c r o p is f r ^ e f r o m g r a s s , a n d t h e lic e a r e d i s a p ­
p e a rin g .
1 'h e s t a n d s c a n n o t b e c a s s e d a s o t h e r t h a n f r o m f a i r t o
g o o d , v a r y in g a c c o r d in g to lo c a lity .
T e x a s .—T h e s h o w e r s , w i t h s o m e l o c a l r a i n s d a r i n g t h e w e e k , c a u s e d
g r a s s a n d w e e d s to g ro w r a p id ly , d e la y in g f a r in iu g o p e ra tio n s , and.
c o n s e q u e n tly o ro p s a r e
b e g in n in g
n e e d , w o rk b a d ly in s o m e

to,

THE CHRONICLE.

1144

IV 01a, LX IV .

t o ta l Oaffii ■
; (tarn ; it th e a;it!v p a rt of th e week
130
g i, hut tho cool w»v*.« to«;iri! tho la tte r ' i ’ kssaool Ji —To ------------- , p e r .ste am er— ------- , 1 3 0 .....................
367
i
N
o
e
v
o
t
R
—To
L
iv
erp
o
o
l,
per
steam
er
P
in
n
er's
P
oiut,
3
6
7
............
iitonos" tooheott th e gro w th of «be-plant,
nt <
ISO
To H am burg, p e r s te a m e r M iiih a n s e t, 1 5 0 ...................: ..........
• ■•me lOiitantUiK ov.-r 'lie u o rth ru u"r50
,, am irt fiout til'* n orthw ,‘.-,tero p 'Titan of tho N kw cukt S m s - T o H ath b u rg per ste a m e r C u rity h a, 5 0 ...........
C atalonia,
are pU titltur ii«t-*ttu>b|e lau d in oottno. Line um l B oston To U vernbbi. p e r stivtm eis C anada, 4 s i
5
9
...
I’hiliuiulphtfUi.
ISO
Sen
I
s
la
n
d
—
S
agam
ore,
32
.,rt* *tltl tlotiu* onoaM erable fliniaitu to Into vouuc
u p la n d an d 1«6 S ea Isla n d ...S v iv a n lti, 147 ...................... 1,034
, it,,!,... Katie cotton In fru itin g nicely o v er the
94
To H alifax , per ste a m e r H alifax , 9 4 . . . . . . . . . . ...........................
»f tlx ' suit*', but th e m ajo rity of <WW#ap MMl'Ots
1' 0
To Y arm outh, p e r ste am or Y arm outh, 1 0 0 ......... ........
; .a ■rep ort th a t the plant show s no siitn o f U m ittne
B
a
l
t
im
o
u
k
T
o
B
rem
en,
p
e
r
ste
am
ers
Crefelii,
1,601___Dres
, - ......a warKcS m u , h u t a g re a t d*' ii of th e an) a Is
4,368
don, 2 ,7 6 7 — .............. ..................... - .................................... .
an t d ry , w arm w o iu h er would be bcuotlel il to tho
■inn '
50
To H am b u rg , p e r ste a m e r D al m a tla , 60 . . . .......... ...............
210
foil th ro u g h o u t Hit* Hast a n ; Section anil Pim.AUKi.pm a—I n L iverpool, p e r ste a m e r P eu n ian d , 2 4 0 .........
(>l)
1 S outhern portions of tho Middle S nitiou,
i
Total . . . . . . . . . . . . . . . . . ---------- . . . . . . . . . . . . . . . . . . . . . . . . .
31,04 5
to eiions an d growing orops. In th o C entral
•etlon, p a rtic u la rly lu tn« N orthern connCotton freights at New York the past week have been
. West#
.... very light sh o w ers fed —not sofflolent to im prove oondlttoi s to as follows.
v"
n s t<-ot. The tem per a ta ro has, for tho m ost p art, been
vai a.;n for th e 'a r s o n , and th e eooi nights w ire ad v erse to
, , , „ „ r„.r a * *1 tie iSthv grow th of voting corn a n d cotton. t'h« oonff* ■
S a tu r .
M on.
Turn. W ednes. Thttrg.
• . a nv w eath er of the past two weeks enabled farm ers to ifat th e ir
f .,; , id e m am i well cu ltiv ated , am i th ey are generally In tine eu t- L iverp ool,asked .d.
121
121
I2t
121
12t
121
u* l„, to n'oeive the aewetits of ttood rattiB, w hich, to g eth er w ith warm
a . . '. , * are *ceded to prom ote sa tisfacto ry grow th C otton h a s done H a v r e ......................c. 2 7 V 3 0 1 27H -30I 27% -30t 27*4-301 27*s-30* 27*9.301
....

ip p i tlg a t ” iS in

has lawn t educed by bad stands.
,
\tth ions —The nnotn tcmperit"'c for the State has averaged 3*6
I,: ■ a;., flic 1ormal and the rainfall has been 1-11 in the excess of
he Iionnnl mii'xint Che rainfall has been more exoessbe over tho
,,.*t ta.i’i i, of th e stntx. Over the eastern half there w*» but a alight
a.ar- ill- r«iu 1ms bean favorable to all vegetation add an Ira,r„v,-|.,i is Slated in the condition of nil oropa, tlioiuh the oonl
fe a th e r was detrim ent** lo growth. All crops are otten and w ell
am.it. i. Cotton stands have improved bn* the plant Is very small
or the •>iison uml In places 1* lousy and diseased. Warmer weather
■r- kte.-o.

1!••• a re a

s needed for eiMton.
O k u iia B A

a n d

I sn iA S T e r r it o r y .—e ig h t rain s h a v e o ccu rred

25 i
25 ♦
251
25i
251
251
B rem en ................. d.
251
25*
251
251
25!
H am b urg........ . .. d .
25 i
251
25*
25*
2525*
251
A m sterd am — ..e .
40 i
40!
40t
38 i
381
401
iJevai, v . H am b..tf,
361
381
361
D o v, H u ll.- .d .
38t
36t
36t
B arcelon a......... ,.d .
G e n o a ....................d. 2 2 0 24) 2 2 0 2 4 ! 222)24t 2 2 4 2 1 1 2 2 9241 221-1241
T rieste ................... d. 2 8 9 3 0 1 2 8 9 3 0 1 2 8 ‘9 3 0 < 2 3 0 3 0 28 9S0+ 2 8 0 3 0 1
*9
A n tw e r p ............... d.
%
%
hi
*8
G lien t.v.A u tw 'p .d .
33 i '
°S2
“33
°3S
°S2
®S2
j C e n ts n e t per 1 0 0 lb s.
Livebpool . —B y cable from Liverpool w e have th e follow™ g

•ly all th e to rtrairn, central, southern uud western sections,
and hi -&vy rail s in. ■astern section. As a rule ail crops have done
tlnvly. ration alone excepted, i bis staple continues ab m ittlie s u m
a ■■ a ,-a es. hnvjui: mide* but slow grow th during the statem ent o f the w eek’s sales, stocks, & c., a t th a t port,
,,iu.t 1.1 Tin- Cloudy days ami remarkably cool nights. The
staml of ei tion. which is generally th e Urst or second replant. Is now
Ju ne 4
M ai/ 21.
M a y 28.
t a i l :»• ci ...i ; i! i- sm all, however, and has not a good color, but it is
thorn hi that with favorable weal her from now on it w ill yet com eout
3 6 .0 0 0
5 0 ,0 0 0
4
0
.0
0
0
4
0
.0
0
0
S
a
le
s
o
f
tb
e
w
e
e
k
............baleB.
Oil right
1,300
1,000
1 ,0 0 0
1,400
Of w lilo k e x p o r te r s t o o k —
Mi»f*n Ki.—The t nst week has been unseasonably cool, and In the
300
1.7 0 0
4 00
900
Of w h ic h sp e cu la to r s to o k ..
north ern portion of tit" sta te, dry. Good showers have fallen in most
3 3 .0 0 0
4 5 .0 0 0
3 7 .0 0 0
3 6 .0 0 0
of tit# cen tral »ud » tithe™ i: unties, however. All crops have been S a les A onerioaii........................... .
1
0
.0
0
0
9
,0
00
7
,0
0
0
8,000
r.-t-r-t- d by t m low tem p eratu re. Cotton is doing fairly w ell in Stod­
4 1 .0 0 0
5 0 .0 0 0
5 2 .0 0 0
5 9 .0 0 0
dard am! Ne w Madtid counties, Imt in portions of Dunklin it is very
1
,0
6
1
,0
00
1
,0
8
1
,0
0
0
1
,1
2
5
,0
0
0
1
,1
5
2
,0
0
0
............
T
otal
sto
ck
—B
a
tiin
a
te
d
lousy.
9 7 2 ,0 0 0
9 3 4 ,0 0 0 9 1 2 ,0 0 0
O f w M eh A m erloau—E s tlm ’d 9 9 8 ,0 0 0
N e w Y o r k C o t t o n E x c h a n g e — a m e n d m e n t s t o R o l e s t o t a l Im port o f th e w e e k .____
3 1 .0 0 0
2 0 .0 0 0
6 4 .0 0 0
4 0 .0 0 0

1 7 .000
amendment to Rule 8 of the New York
2 8 .0 0 0
5 2 .0 0 0
1 5 .0 0 0
Of w h ich A m e r ica n .................
5 3 .0 0 0
5 2 .0 0 0
5 5 .0 0 0
5 7 .0 0 0
C, fori Exchange has been adopted by the Board of Managers.
4 2 .0 0 0
3 5 .0 0 0
4 5 .0 0 0
5
0
.0
0
0
O
f
w
ill
eh
A
m
e
r
ic
a
n
...........
.
The rule govern the offsetting of contracts, and as amended
8Hows any member who holds for the account of his correThe tone of the Liverpool market for spots and futures each
spy: dents contracts in the same month which offset each day of the week ending June It and the daily closing prices
other may effect and settle such contracts and substitute of spot cotton, have been as follows.
tr n t for ills own name, but in such case he shall be responsible
to i n principals for the strict fulfillment of such contracts,
S a tu r d a y M o n d a y . T u e s d a y . W ed'day. Thursday. F r id a t .
Spot.
and shall be lia b le to them for all damage or loss they may
buyers’
sustiu,! By reason of such substitution. The amendment be­ M arket, )
Steady Infavor.
DuJl.
Firmer.
1:45 P. M.J
comes effective on the 14th instant.
An amendment to Section 67 of the by-lawa will be bal­
4*a
40sa
1®32
4*33
loted up-m by the members of the Exchange on Monday, the dld -O pl’da.
>
8 ,0 0 0
>
6 ,0 0 0
6 ,0 0 0
7 ,0 0 0
14th inst. It recommends that the following be added as a
03
50 0
1 ,0 0 0
1.000
500
S p ec. & ex p .
•c!
fifth paragraph:
5*—
C
•'Administrators or executors of a deceased member shall
F u tu re s.
1
u
Steady at Steady at Steady at
have the same right of obtaining a card giving the privilege M ark et, l
1-64 de­
Quiet.
partially part tally
of the floor on .the me mbership of such deceased member as l>:45 P. a*. J
cline.
l-M adv. 1 04 dec.
that given to a member holding more than one membership
•landing in his own name and upon the same conditions and M arket, ?
Quiet.
Easy.
Firm.
Quiet.
4 p. M. 5
requirements.”
The prices of futures at Liverpool for each day are give n
N e w Y o r k O ottok E x c h a n g e — A n n u a l E l e c t io n . — Th e
annual election of officers and managers of the New York below. Prices are on the basis of Uplands, Low Middling
' lot-ton Exchange was aeld on Monday, June 7. The follow­ clause, unless otherwise stated.
ing ticket, made up in large part of last year’s officers
ano in which there was no objection, was (dueled: President,
F r l.
X ne*.
W e d . T liu r * .
lio n .
N a tn r .
Giis’avua U Hopkins; Vice-President, William V, King; J u n e 5 t o
1:45 4 1:45 4 1:45 4 1:45 4
.Tim e 11
I rc.iKijriT, Walter I'. Miller : Managers, William Riv. R, H
P . M. P . M. P. M. P .M . P .M , P.M. P. M. P .M .
Hot litres. T. M. Robinson, Isaac B. Froeligb, John ~L. Bul­
d.
d.
d.
d.
d.
d.
d.
d.
led . R. P. McDougall, Waiter C. Hubbard, J. T. Gwathmev,
4 08 4 05 4 06 4 06 4 06 4 0 5 4 0 4 4 0 3
u n e .............
Ed v ard K. Moon*. S. M. Lehman, John C. Latham, Louis G- Jru
4 02 4 04 4 0 5 4 05 4 05 4 01 4 04 4 02
n e-Jn ly.
S( hitter, V. S. Galatte, George A. Chapman and H. H. Meyer: J u ly .-A u g ..
4 01 4 03 4 04 4 03 4 03 4 03 4 02 4 01
S’
1
fd
TnM.cn. ,,f Gratuity Fund, Nathan Herrmann; Inspectors of A u g .-S e p t..
3 61 3 02 4 0 0 3 63 3 61 3 03 3 62 3 i ll
3 51 n 56 3 58 3 57 a 57 3 5 7 3 56 3 55
Ehciion, A, G. Musn, Jr,, F, B. Guest ami Henry H, Royce. S e n t.-O o t,..
:t 49 3 51 3 53 3 5 2 3 52 3 52 3 51 3 49
O im -K o v ...
a
«
3 4 ti 3 48 3 51 3 49 3 49 3 49 3 43 3 46
J ute Butts, Bagging, &c.—The demand for jute bagging N o v .-D ee ...
3 45 3 47 3 49 3 48 3 48 3 47 3 4 6 3 45
D e e ,-J a n ...
during the week under review has been light, but prices have .In
3 45 3 47 3 4 9 3 4 8 3 48 3 47 3 46 3 45
,-F eb ...
apparently »i#en maintained at 54£c. for 1% lbs,, 5%<u for 2 F ebn.-M
3 4 5 3 47 3 49 3 48 8 48 3 43 3 4 7 3 45
ch ...
3 4 6 3 48 3 5 0 3 4 9 .3 49 3 49 3 18 3 46
ibn. and 6*y;. for standard grades. Car-load lots of standard M oh.-AprU.
... ....
. . . . . . . . . . . . *—
....
brands are quoted at 5>/£c. for 1% lbs., SJjJc. for 2 Lb-i. and A p r ll-M a y .
(1 < for 2?4 lbs. f, o, b. at New York. Jute butts have been
dull hut steady at 102c. for paper quality, P2rc. for mixing
B R E A D S T U F F S .
and 1-fe, for bagging, all to arrive.
F r id ay , June 11, 1897.
Shipping News,—The exports of cotton from the Unit* d
States the past week, as per latent mail returns, have reaebi d
A slightly stronger tone has dominated the market for
31,040 bales,
wheat Hour. The volume of business transacted has not been
.
.
To ta l bales
large, as buyers have been reluctant to pay the higher prices
S a w Yi»KR—Tn Liverpool, per steam er, Genrgio, 733 .......
g erv la, 1,024........................................................I ___ _
1,757 asked by sellers as a consequence of the advance in wbeat
Tn (lu ll, pur atnam er H lr doo, 902 _______
9 0 2 values, and the sales made have been almost exclusively of
To Nowo utlii, p e r "'oatiK'rftirittBlavM i. 190........................ *’
109 small lots to supply immediate requirements. The close was
1.. Mnin-ii,. ter, per ste a m e r H orace, 1,943 tinlurKt au d i0 0
■'••a ( • iiio d ..* ... ................. ..........................................
2,143 quiet but steady, with prices showing little change from those
quoted a week ago. Rye flour has had only a very limited
To H avre, per stetuanrs Furrtlnam l do LcnieiiT 705 u p lan d
....L a T M ro ln n , lo t)S n a Island ................................
8 05 sale and prices have weakened slightly, closing at §210® $2 50.
To BfoMii't), per steatnors Barburosa*. 2,920 . .. K riedrleh
The demand for com meal has been fairly active and prices
'H ........3 .7 ( 7
H avel, «0.............
...............................
6,740
have ruled fairly firm in sympathy with the advance in com
I*. HiMiiO iry, p e r steiMBer S tra th m o re, 131 ......................
131
1., i i , i „ , . ril ,, r mourner Sou thw ark, 3 0 0 ...................
3 0 0 values.
*'• ‘’"On", per steam ers ( ’live, 938___S cotia. 1.189............... 2 ,1 2 5
There has been increased activity in the speculative deal­
‘
m u ..™ .. (•„ i . u p,,,.), p e r ste am ers L ouisianian, 2.110
...
M ii-M an . H.lj.M ............................................................................ S(461 ings in the market for wheat futures, and early in the week
‘ *■ *’ w<.up, p er steam er Cayo B lsn eo ,8 9 3 ..............................
893 prices advanci d on the unfavorable crop accounts from the

and By-Laws,—An

THE CHRONICLE

T h e p e r ce n ta g e o f sp rin g w h e a t area fo r th e e n tire c o u n try , as c o m ­
pared w ith rhat of 1896, h a s b een con sid erab ly inorea3-d. b ein g 110
per c en t o f la s t y ea r’s aoreage. The to ta l area o f sp rin g w h eat so w n
is. th erefore, in round num bers, 13 ,0 0 0 ,0 0 0 acres, and th e com bin ed
w in ter aDd spring area is 3 4 ,5 6 9 ,0 0 0 aores, or 99 9 per c e n t of th a t
h arvested in 1896.
The condirion o f sp rin g w h ea t sh o w s an avera g e f 'r th e w hole cou n ­
try of 89-6 p er c en t, a g a in st 99*9 per c e n t on J u n e 1 ,1 8 9 6 . Che con d i­
tion of all w h e a t is 82*7, a g a in s t 87*6 per o e o t the sam e da^e la s t year.
T he con d ition s of sp rin g w h e a t for th e p rin cip al sp rin g w h ea t S ta tes
are as fo llo w s: M innesota. 94; W iscon sin , 90; Iow a, 9 1; N ebraska, 89;
South D ak ota, 78; N ort i D ak ota, 91; W ashington, 100; O regon, 98.
The p relim in ary rep ort p la ces th e acreage of o a ts a t 9 <3 per oen t
o f la s t y e a r ’s area, and m ak es th e co n d itio n 89 per c e n t, a g a in st 98*8
la s t J u n e. A creage of rye is 9 3 per c e n t o f la s t y e a -*'8. C ondition of
rye. 89-9 p er cen t. A creage of b arley, 92-2 per o en t o f la st year’s; c o n ­
dition o f sam e. Ju n e i , *57-4: per c e a t. A crea g e o f rice, 103*1 per oent;
c on d ition , 98*8 per cen t.
R ep orts from th e C onsular officers of th e U n ited S ta tes in M anitoba
and W estern O ntario in d ic a te good crop s o f both w inter an d sp rin g
cTain. T he sp rin g aoreage in th e W innipeg C onsular d isc iio t is abou t
fifteen p er c e o t g r ea ter th a n la st y e a r, w h ile crops are about te n d ays
e a iiie r . R ep orts from E a stern O ntario an d Quebec are le ss favorable.
In q u iries m ade by th e U n ited 8 ta te s M in ister to A rgen tina te n d to
sh o w th a t th is y ea r’s w h e a t aoreage w ill n o t e x c e e d la s t year’s, and
m ay be m u ch less.
F r u it th rou gh ou t C entral and W estern E u rop e has b e e n c on sid erab ly
irjurt'd by frosts. W heat g r o w th is g e n e ra lly retard ed by th e b ackw ard
sea so n , and in Spain. I ta ly and H u n gary its q u a lity is d eterio ra ted b y
persistn t raias. C ondition rep orted im p roving in N orthern E urope;
a lso in R oum ania, B u lg a r ia and p arts o f Russia; b u t n o t in P oland or
th e so u th w e ste rn p io v in c e s. D eficien cy o f th e crop in F r a n o e n o w
e stim a te d from 3 5 ,0 0 0 ,u 0 0 to 5 5 ,0 0 0 ,0 0 0 bu shels.
ACREA G E AND C O N D ITIO N O F W H E A T ON JU N E 1 .

Speculation in the market for Indian corn futures has been
slightly more active and for the week prices show a fractional
advance. The feature has been the advices received from the
West early in the week, which reported damage to the grow­
ing crop and stimulated a demand from shirts co cover o n tracts. At the close there was some selling by longs to real­
ize profits and part of the improvement was lost. Only a
limited volume of business has been transacted in the spot
market, as the advance has put prices above shippers’ limits.
To-day the market was quist. The sales include! N >. 2
mixed and No. 2 white for export, but the particulars ware
kept private. No. 2 mixed was quoted nominally at 29)^c. in
elevator.
D A IL T CLOSING PR IC ES O P NO. Z M IX 8D OORN.

S a t.
28%

J u n e d e liv e r y .............
J u ly d e liv e r y ..............
A u g u st d e liv e r y . -S ep tem b er d e liv e r y .

2038
30

M on.
29%
20H»
30
30%

T u e t.
293g
29®8
30^4
3 0 7a

Wed.
29%
293 q
30
30%

Thun
29%
29%
30 4
31%

Tue.t
22%

Wed.
22

Thun.
22%

1

5

1893.
si
1

i
0
*<1

0

D

1
£0

O h io ................................
I n d i a n a .........................
I ll in o i s ...........................
M i s s o u r i ......................
K a n s a s ...........................
M i c h i g a n .....................
C a l i f o r n i a ....................
O r e g o n .........................
N e w Y o r k ...................
P e n n s y l v a n i a ...........
T e n n e s s e e ..................
M a r y l a n d ....................
V i r g i n i a ........................
T e x a s .............................
O t h e r w i n t e r .............

88
60
89
45
88
79
73
99
101
102
100
107
96
111

‘.£,349
2 ,1 5 0
1 ,0 5 3
1 .2 7 6
2 847
1 ,2 1 6
3 .2 4 3
615
401
1,280
811
463
634
426
2 ,7 9 2

2 .4 2 2 70
50
2,2 9 4
1 ,9 5 0 52
70
1,418
29
2 ,9 0 5
1 ,2 2 8 77
3 ,0 8 9 102
603 99
397 93
1,267 96
780 83
468 99
610 96
387 56
2 ,9 7 5 . . .

50
70
87
80
85
73
98
08
71
70
84
80
68
80

2 ,4 2 2
2 ,2 0 6
1 ,7 3 3
1,542
2 ,9 7 7
1 ,1 5 4
3 ,0 8 4
593
403
1 ,2 3 2
655
459
699
305
4 ,0 0 2

90
93
84
82
57
89
00
97
98
95
75
96
81
89

2 .5 5 0 90
2 ,3 7 2 81
1 ,8 3 0 67
1 ,5 2 6 74
3 ,3 9 0 47
1 ,2 8 1 72
2 .6 8 8 72
590 102
425 87
1 ,2 5 7 92
728 90
478 96
736 96
456 69
4 ,0 9 2

2 ,6 8 4
2 ,5 2 3
1 ,3 4 8
1 ,6 0 9
2 ,7 6 8
1,5 0 9
2 ,6 2 0
617
472
1 ,8 1 1
809
498
775
432
3 ,0 6 2

T o t . w i n t e r w h e a t 7 8 5 2 1 ,5 6 2 77-9 2 2 ,7 9 4 71*1 2 3 ,5 2 0 83*2 2 4 ,4 0 5 76*5 2 3 ,0 3 7
T o t . s p r in g w h k a i ^ • 6 1 3,007 99-9 1 1 ,8 2 5 97*8 1 0.621 88*9 1 0 ,4 7 7 86*4 1 1 ,5 9 2

30%

T o t a l ....................... 82'7 3 4 .6 6 9 37*6 3 1 .6 1 9 78-6 3 4 ,0 4 7 84*7 3 4 ,8 8 2 76*8 3 4 ,6 2 9
P e r c e n t o f In c . o r
-2*4
—o*i
+1*7
+ 0*7
-10*2
d e c . I n a c r e a g e ..- .

D A IL T CLOSING PR IC ES O P NO. Z M IX ED OATS.

K an.
22

St a t e s .

1894.

1895.

294
2938

Oats for future delivery have received slightly increased
attention, but for the week no changes of importance in
prices are to be noted. At one time a fractional advance was
to be noted in sympathy with the rise in other grains.
To-day the market has been quiet and easy. The volume of
business transacted in the spot market has been only moderate
and prices weakened slightly tc-day, closing with sales of
No. 2 mixed at 22J^c. in elevator and No. 2 white at 25%c. in
elevator.
Sal
Ju ly d e llv e r v ............... . . 0. 2 1 %

1896.

S

C o n d itio n .|

F r i.
75H
74
69%
71%

A creage.

Thun.
76
74%
7 0 1s
72^8

j

W ed.
757,
74*8
69%

A creage.

T n e i.
7 5 7g
74%
70%
72*4

C o n d itio n - j

M on.
741a
73%
69%
71%

j

*ar
J line d e liv e r y .. . . . . . . , . . . 0 . 733?
J u ly d e llv e r v ............. . . . . 0 . 7258
S ep tem b er d e liv e r y . . . . c . 69
D ecem b er d e liv e r y ..

C o n d itio n .

1897.

D a I L J OLOSING PR IC ES O P N O . Z R E D W IN T E R W H E A T .

1

West, and fears of a squeeze in July contracts also caused
something of a flurry among shorts, and there was a demand
to cover contracts. Suosequently, however, longs sold to
realize profits and prices reacted. The net changes in prices
for the week showed an advance of J-gC . on the near-by deliv­
eries and a decline of
ou the distant deliveries.
Saturday there was a dull and slightly easier market.
Monday and Tuesday, on advices from the West of
damage to the crop by frosts and stronger foreign advices,
prices advanced ?^@l^c. for the distant months and
2}%c. for the near-by deliveries, for which there was
an espeoial demand from shorts to cover contracts. Wednes­
day the market weakened under realizing sales and easier
foreign advices. Thursday the market again turned stronger
on poor crop accounts and in anticipation of a bullish Gov­
ernment report. To-day, despite the fact that the report
issued by the Government’s Agricultural Bureau was con­
sidered decidedly bullish by the trade, the market turned
weaker, as there was free selling by longs to realize profits,
and foreigners were also sellers, closing at a decline of
J jj C . for the day.
Business in the spot market has been lim­
ited, as the higher prices asked have checked the demand from
shippers. To-day the market was quiet and easier. The
sales included No. 1 Northern New York at 77e. f. o. b. afloat.
There was also a small export business reported transacted
from outports. No. 1 bard was quoted at 79c. f. o b. all oat.
No. 1 Northern Duluth at 78c. f. o. b. afloat and No. 2 hard
winter at 75%c. f. o. b. afloat.

1145

A c re a g e,

J un e 12, ld97,]

F ri.

22

T hree oiphers (.000) o m itted from a creage Ugurea
C O N D IT IO N O F CR O PS J C N E 1 .

13 9 7 .
W inter w h e a t........... 78-5
SprlD g w h e a t........... 8 9 ‘6
O a ts.............................. 89-0
R y e ................................89-9
B a r l e y ......................... 87-4
C otton...........................83-5
R i o e ........................... 9 8 '8

1 8 9 6 . 1 8 9 5 . 1 8 9 4 . 1 8 9 3 . 1 8 9 2 . 18 9 1 .
77-9
71-1
83-2
75-5
88-3
96-6
99-9
97 '8
8 8 '0
86%
92 3
9 2 '6
98-8
84-3
87-0
88-9
S9-1
85'1
85-2
85-7
93-2
84 6
91-0
95%
98-0
90-3
82-2
88-3
92-1
90-3
97 '2
81 -0
88-3
85'6
85-9
85-7
.........................................................................................

Offerings of rye have been limited and prices have ad­
The movement of breadstuffs to market as indicated in th e
vanced. Barley bss been quiet but steady.
statements below is prepared by us from tbe figures of the
The following are closing quotations:
New York Produce Exchange Tbe receipts at Western lake
PI OUR.
and river ports for the week ending June 5, and sinoe
F i n e . . . . ............. * b b l. # 2 15® 2 6 0 P a te n t, w in te r ............ $4 4 0 a 4 60
Aug. 1, for each of tbe last three years, have been as follows;

S u p e rfin e .......................
E xtra, N o. 2 ..............
B x tr a .N o . 1 ..................

2 4 0 3 3 0 0 jOtty m ills e x t r a s . . . . .
4 6 0 * 4 70
2 7 5 ® 3 34 jE y e flour, s u p e r fin e .. 2 1 0 ® 2 50
3 15® 3 7 0 ;B u o k w h ea t f lo u r .................... ® . . . .
d e a r s . . . ...................
3 40® 4 10 ICorn m e a l s t r a ig h t s ....................... 3 7 5 ® 4 20
W estern &0.............. 1 5 0 ® 1 7 0
P a te n t, s p r i n g .____
3 9 0 ® 4 20 ) B ra n d y w in e ------ . . .
1 80
[W h eat flonr in s a c k s s e lls a t p rices b elo w th o s e fo r b a r r e ls.)
GRAIN.

Corn, p e r b a sh —
0.
0.
W est’n m ix e d ____ 2 8 4 ®
S p rin g , p e r b u s h ..
ft 82
N o. 2 m ix e d ............ 2 9 4 ®
N om inal.
B ed w in te r N o. 2 . .
W estern y e llo w ..
294®
Red w in t e r .. . . . . . 7 6 7b «3
W estern W h ite___ 2 9 4 ®
N orth ern , N o. 1. . . 77 ft 78
R y e—
Cate—M ixed , p e r bu. 21 ft 23
W estern , p e r b n sh . 3 Q \ f t
W h ite......................... 25 ft 32
S ta te and J e r s e y .. 38 f t
No. 2 m ix e d ............ 22*4® 23%
B a riev —W e ster n ----- 4 0 ft
25%® 26
Vo. 2 w h it e ........ .
F e e d i n g . . . . . . . . . . . . 27% ®

Wheat—

0.
75

c.
31
304
32
32
42
42
44
32

A g r i c u l t u r a l D e p a r t m e n t ’s R e p o r t o n C e r e a l s , &c. —
The report of the Depait neot of Agriculture, showing the
condition of the cereal crops on June 1, was irsued on the
10th insr., and is as follows:

T he report o f J u n e 1, c o n so lid a te d from th e retu rn s o f to w n sh ip ,
co u n ty a n d S tate c o rresp o n d en ts o f th e D ep artm en t o f A g r i c u l t u r e ,
m akes th e arruage o f w in ter w h e a t a t p r e se n t g ro w in g , a fter allow anoe for ab a n d o n m en ts, 9 4 6 per o e n t o f th e area h a r v e s t e d l a s t y e a r ,
or 89-9 per c en t o f tb e a rea so w n in th e fa ll o f 1 8 9 6 . T h is ,in r o u n d
num bers. Is 2 1 ,5 e 2 ,0 0 0 aores.
T he p e r c e n ta g e s o f w in ter -w h e a t a c re a g e s up on tbe b a sis in d ica ted
of tb e p rin cip a l w ln ter-w b e -t S ta tes are a s follow s: Ohio, 97; M ichi­
gan, 9:-; In d ia n s. 94; Illln ls, 51; M issouri,90; K ansas. 9 7; C alifornia,
105. In N ew York, P e n n sy lv a n ia , D e la w a r e ._ V irginia. N orth C a r o ­
l i na, A labam a. T ex a s. Ark ,n sa s . T en n e sse e and W est V irginia th e a r e a
sow n com pared with th a t h a r v e sted la s t year h a s been m a teria lly lao r fisw d
T he con d ition o f w in ter wheat, h a s fa llen sin c e rep o rt o f M a y l,
belDjf 78 5 p e r c e n t a g a in st 8o*2 on th a t date—a d eclin e o f 1 7 p o in t11.
T he condition on J u t.e ' la s t year w a s 77 9. T he p e rcen ta g es o f the
p rin cip al s ta te s are: Ohio, 8P; M ichigan, 79; Indian a, 6C; Illin o is, 38;
M issouri, 45; K ansas, 88; C alifornia, 73.

R e ceip ts a t—
C h ic a g o ........
M ilw a u k e e .
D u l u t h ........
M ln n e a p ’lis
T o l e d o ..........
D e t r o i t .........
C l e v e l a n d ..
S t L o u i s .. .
P e o r ia . ..
K a n s a s C ity
T o t .w k .’97
S a m e w k .’90
S a m e w k .’95
S in c e A u g .l.
1896-97. ..
1895-96 . . .
1894-95 . . .

W h e a t.

F lo u r.

C o rn .

B a rle y .

O ats.

R ye.

B b l s . l d m s Bush.GOIbs B u s h . 56 lbs B u s h .3 ’2 lbs B u sh . 48 lbs B ush.bQ lbs
3,453,912
4,248,133
221,090
35.150
48.910
33,919
77,700
333,000
18,000
164,000
163,400
39,300
14,961
429,839
20,304
700,197
143,454
119.830
769,“30
04,170
..........
918,000
2,639
600
333,718
1,538
1,147
35,881
25,587
3.900
12,435
42,281
04 902
42,433
133,938
687
571,930
12,000
1,456
743,900
22,615
82,682
545,650
330,000
0,300
1,800
8,400
6,450
91,000
295,500
41,000
. .. .
0.070,393
5,083.251
2,315,220

546,814
723,883
101,301

83,310
113,918
34,017

9.940,182 150,461,331 140,171,527 153,049.434
9,374 131 185.470,022 105,723,420 129,423,768
10.731.944 130.959,947 73,491,694 85,947,690

36,810,010
37,218.176
30.942.422

0,795,026
3,680,970
2,493,089

235,497
250.354
240,571

1,999,398
2.575,921
1,429,938

0,499.954
3.190,804
2,060,335

The receipts of flour and gntn at tbe seaboard ports for the
week ended June 5, 1897, follow:
R e c e ip ts a t —
.

F lo u r ,
bbls.
1 2 c,218

P h i l a d e l p h i a .......... . .
..

8.107
61,008

..

15,547

N o r f o lk .
..............
N e w p o r t N e w s — ..

Total vreek

W e e k 1896. ___

W h e a t.
bush.
500,050
430,045
455,000
51,039
156,832
4 /0 0

C o rn ,
O a ts,
b ush.
bush.
794,625 1,805,400
227,108
254,545
123,738
150.074
293,444
141,174
724,170
141,538
75,202
8,824
42.273
81,940
21,000
244,000

B a r le y ,
b u sh .
183. •25
17.315
33,437

1.604.160
2.316.160

3,644,568 3,648,795
902,334 3,068,816

333.877
130.360

23,000
331,831
380,878

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

R ye,
b u sh .
301,825
500
83,059
71,327

486,711
164,631

* UecelDts do not Include grain passing through New Orleans for foreign
ports on through bills o f lading.
KSS

THE CHRONICLE

1146

[VOL, LX IV ,

mowpts at porta from Jan. 1 to June 5 compare as blankets in quiet demand at firm prices. Carpets firm with
moderate sales.
year*:
1934.
1895.
yp,
Ivt .
Domestic Cotton Goods—The exports of cotton goods
8,314,000
8,5X0,013
6.31&.3C5
Ariflisefl
11.514,8*8 from this port for the week ending June 7 were 14,763
13.958.A0O
10,800,551
itk m u b o i
28 184,184 packages, valued at f 541,588, their destination being to the
13.2U.847
:U.H!.44i
»0,?O*»70i
14,020 015 points specified in the tables below:
15,814.793
23,410.100
M.04B.4JO
1,508.394
1,403.403
3.54M0S
5.421.7 0

f o ll o w * f o r fo u r
S t t i r U <sf~
I x m t ................. .6M»
a*h,
W hm i
Csura. . ............. **
Oats .................. **
JUkit#?*.* *».»**** **
**
IQ*?

108,104

154,403

909,077

3,7*4 iM)

i£ o i£ m
77,908.035
s r o w a i u j-'v/iwo w *

.* ..U W m jBSQ
uum mo

575 .4 4 2

178,347 983.395
193,619 1.207,812

93,270

01,214

119,100

m eek a n d sin c e

Sept. ! t o -

J. i m s 5.

bbh.

Wmt

R rtt. S . A . Col**.
O tb e r c o o n tr l M ..

15.000
8,295
7,172

J u n e 5.

1 , 189ft,

1890.

btuh.
bush.
975.071 35.7fl«.0«l
580.004 9.4S9.075
2,445
54.009

111

831,321
2 1 8 .H 0
2C 0,685

42,010

904,618

3. 1896.
bu sh .
770.294 00,004 311
1,883,489 70,600 124
1,0.31
181,198
948.359
31.871
367 538
15,262
1,759,035
254

J fm s 5.
b tu h .

178.347
0,492 221 1.407,630 46.275.203 2,208.101 143,420.505
Total
1VS.619
9.494,.748 1,875.772 34,210,703 1,801,625 75,504,716
Total li
The visible supply of grain, comprising the stooks i n
granary at the principal {oints of accumulation at lake and
seaboard ports, June 5, It 97. was as follows;
Rye*
Barley
O a ts
Com
In Uo n a t
b u sh .
bush.
b ush.
bush
bush
w T o n ... l.(W .(X »
* f lQ » l,..........
sa .o o o

1 300,000
74.000

1.745.000

a ^ l :::::::::::::::: yuan

20.000

420,000

30,000
1.171.000

63,000

0,819,000

1,833,000

703.666

N.

Do

Ob
. l o s t ...............................
C b l e a ir o ......................... 6,041,000
Do
a f l o a t . . . . . .....................
M l t f n a t M ...................... 155.000
DO
a f l o a t ...............................
D a l n l k .............................. 2.008,000
Do
. f l o a t ...............................
T s l . d o ...............................
ffU .000
Do
» f lo « t.................................
D e t r o i t .............................
33,000
Do
. f l o a t .................................

O , w .f 0 ,.,., .................................

S t- i « i i i i .........................
leo .o o o
Do
* f lO * t.......
..............
a o c n n a t t .....................
i .t o o
SO ftO D ............................. 247,000
T o r o n to .....................
98,000
M o o tr im l................ .
f 5.1,000
P b t U d o l p h l a ................
107.000
P a o r ia ....................................................
I n < lt» a * p o tla . . . . . . . . . .
81,000
t u w b i t ? ...................
n o .o o o
B d t t a o r e .......................
907,000
............... 11.080,000
On
pp ! H lT e r.
O n L a k e , ........................
818.000
On c a n al a n d r lv « r ...
62S.OOO
T o ta l
T o ta l
T o ta l
T o ta l
T o ta l

J a n e 6 ,1 8 9 7
M a y 2 9 ,1 8 9 ?
J a n © 6 ,1890
J a n © 8 , 1>95
J u n e 9 ,3 8 8 4

TH E

24 450,000
20,889.000
60.147.000
49,765,000
59.211,900

12,000

410.000
42,000

81,000
29,000

"s,6<x>

‘ *2!000*

218.666

290,666
*33,666
*07,666

8.000

872,000

372*666

331,000

"

201,O<)6

*52,o66

*I t ,066

**0*,o66

*17,6*66

17.000
270.000

85.000

’ 8,666

2,666

828.000

*15.666

215.000
4.000
104.000
104.000
045.000
70.000
12.000

H 8 $S
14.000,000
32.217.000
9 867,000
11.583.000
7.514,000

88*066
27,000

6.666

*

244.000
40.000
573.000
109.000
40.000

2,000

22,000
26,003
40,000

i 05,066
no.ooo

«

1.883.000
231.000

375.000
281*000

9.429.000

L 357,000
1,414,0 0
892.000
94 000

8.069.000

8.315.000
8.749.000

2.764.000

1897.

1896.

W eak. S in c e J a n . 1.

W eek. Sin ce J a n , 1.

J u s * 7.

G reat B r ita in .............

88
381
10,097
1,379
250
153
389
87
157
1.745
57

2 ,2 5 3
1 ,9 9 2
6 3 ,9 8 4
3,5 3 2
1 0 ,315
8.831
6,893
1,508
3 ,2 8 0
2 4 ,4 3 9
1,914

72
65
25
500
90
628
2 54
71
39
512
90

1,0 3 5
1,345
4 4 ,0 3 9
3.C 07
7 ,9 7 0
8 ,1 7 5
5 .6 7 *
1 ,3 5 3
3,8 2 5
2 0 ,4 9 8
1,8 7 1

T o ta l....................................... 1 4 ,763
....
C hina, v ia V a n c o u v e r * ...

1 2 8 ,9 4 1
9 ,3 5 0

2 ,3 4 6

98,7961 4 ,323

Total.____________ 1 4.,783
1 38,191
* P rom N ew E n g la n d m ill p o in ts d ir e c t

2 ,3 4 6

Other European....,

China ....................

I n d ia .......................
A rabia............................
A frica ...........................

Vest Indies........... .

M ex lo o ...........................
O entral A m e r ic a .....

South America......

O tn er C o u n tr ie s.......

175,170

. fThe destination of these exports for the week and since
September 1, 1896, is as below,
-Com.- W h e a t ,- ----- ->
-Hot**W e e k ! S in c e S e p t
Bsp& ri* fo r
W eek
S in t * S e p t,
W eek
S in c e S "p t.
OteSUd K in g d o m 100.735
O o m ift« a t,
19,140
8 , 4t a A m e ric a .
17.093

Yoax t o

«uw

ending Jane 5. 189T, are shown in the annexed statement:
P e a s,
liv e ,
Barley*
o a ts ,
lour
fFk*sf, Com, WhbU.
b ush.
beak.
bush.
bush.
bush,
but*. 400,404
<5.095 175,179
525,080
8
0
4
,t0
1
tmMs
H f * T o rt.
1 9 5,38)
tfe0*4®e. *.»*. *30,130 119,082 W
P o f0 » iw S . ,„*•*
FMIadelpMft,. S9J45 254.073 2.245 *83,033
n.i m 34,990
100,850
** mjm 981.030
1,280 * **400
N #w OriOfca*...
40.445
21.000
Norfolk........
244,000 *23,000
Jf»wp‘n N ew t
Itoatrttl.****. S 7 9 J4 7 70,059 0.789 173.533 *50,503 *55,140
T e u l w 'k . . . 1.407,030 2,208.181
8 * » « t i m e *90,1.875,772 1,04-1,025

S sw

6M24.484

1 13,119

The value of the New York exports for the year to date has
been 15,088,535 in 1897 against $4,460,572 in 1896.
There bas been but an inactive demand for brown sheetings
and drills from the home trade during the week, and buyers
for export have operated sparingly. Prices on leading makes
continue steady but in some quarters have favored buyers,
In grey goods of special construction fair orders have been
taken from converters and printers but generally at as low
prices as hitherto recorded. Bleached cottons sell slowly in
all grades without change in prices. Wide sheetings are in­
active at previous prices. Cotton flannels and blankets slow
but generally well sold up to date. Denims are steady with
moderate sales; other coarse colored cottons inactive and easy
to buy. Kid-finished cambrics, white goods and quilts without
change in prices and slow sellers. Dark fancy calicoes have
been well ordered during the week, but seasonable printed
work has ruled very inactive at irregular prices. Saifs of
staple gingbams have been light and in dress styles the de­
mand has been practically confined to the finer grades. Print
cloths have been quiet but close firmer at 2 7-10c. plus 1 per
cent for contracts of extras. Odd goods quietly firm.
1,896.
J i k c 6.
29 s .0 0 0
9 3 7 ,0 0 0
5 4 6 ,0 0 0

1895.
/title 8.
1 6 7 ,0 0 0
3 5 .0 0 0
8 1 .0 0 0

1894.
J u n e 9.
2 8 0 ,0 0 0
4 9 7 .0 0 0
1 6 1 .0 0 0

1 .7 7 3 ,0 0 0

2 8 3 ,0 0 0

9 3 8 ,0 0 0

1897.
S to c k o f P r i n t O lo tk i—
June 5
A t P r o v id e n c e , 6 4 sq u a res . 4 8 0 ,0 0 0
A t P a ll R iver, 6 4 s q u a r e s. ' | 8 8 0 ,0 0 0 |i
1
A t F a llB lv e r .o d d s iz e s __
T o ta l s to o k ( p le o e s l___ 1 ,3 6 0 ,0 0 0

F oreign D ry G oods.—There has been only a sm all busi ­
ness done in seasonable lines of any description of foreign
merchandise and prices show much irregularity. The orders
for fall goods have been on a lim ited scale also, but the gen­
eral tone of the m arket is steady.

Importation* and Warehouae Withdrawal* of » r j Good*

T¥
o

g

87,000

9B

DRY GOODS TRADE.

2 ,5 6 7
1 8 ,6 9 6

'21,263

tolOwaO !51
3§ O
* <0 ©
3 * toM t o
B to

y CO
<1©
CO©
©Hi
© ©

6 3 ,657
7 6 7 ,5 6 9

New York, Friday, P. M., June 11, 18&7.
The market has passed through a week of abnormally try­
ing weather ii fluencea for the time of year, the temperature
ruling low and rainfall excessive. Retail trade has been seri­
M
ously interfered with and business in seasonable merchandise
to to —
1 ?o
O' to J0^ ©
in both jobbing circles and the primary market has been on a
to © © © ©
very restricted scale. Merchandise for quick consumption K> j fcO
I M -4
bats gold slowly and prices have disclosed considerable ©
o» ! cn ©
pR S I
irregularity. The influence of this ha^ been seen in the ** <i.p ©So»©
b©
C
O
market for staple cotton goods, buyers being reluctant to to ! CO©
©to WHi © O' '3D
-4W©
©to
-3
©
G
O
increase their obligations in these whilst making such poor
progress in other directions. Sales have been limited of 00 «
all staphs, and, ns is usually the case in a dragging market, o© 1 d i*-* to© CO©©
buyer* have ocearionally been able to secure some concessions
©tO*-©-l
© © © -0 to
sfs
in pricrs. It is Hometbiog of an anomaly that specialties for sto 1i ©
CO M© M® 6*fall in printed ard other lines have nevertheless sold fairly © HIM
MtOOt
Wf*J or d that at the close of the week there is, if anything, <1 i ©M
rather more confidence expressed in the near future of the ©tO ! C'-OJCM
O ^Jj-o *! to to
c
o
p
-t o to
to
|
W©
market. For this the prosptcts of a quicker dispatch of tariff V 'm tO 00©©M©
legislation tnan lately appeared likely is responsible. With ©M 1 ©-1
CO-1
tin.' tariff cut of the way it is believed that improved condi­
to 1 to
tions will not he long in asserting themselves all anund.
© I ©H
1 ©CO MK5MO©
Wcoles Goons —There have been fair reorders reported ©
*-• COCO COto Ol *►©
uni week for menVwear woolen and worsted fabrics from a © 1 O’ M tO©-4©G«
number of outside market", showing that the clothing trade is M t <003
0 I| <
w10
en0 I
mn&msr fair progrt ss on their fall lines. The local demand is 0M
k l U!'f ''nlitfcrent, but there are indications of the strike
which has affected it for several weeks past coming to an end O l
I tO © © © ~Rnfl iht\ outlook is regarded more cheerfully. There has been
special feature beyond rather more favor shown towards
<lp
T “ tier grade* of fancy worsteds. Prices are without
to SO
cbnngf p, Mt.nurtclurer*, in view cf an early sett lament of the
tariff question, are pushing forward with samples of new
light weights. Sales of overcoatings have again been on a
03*0
him led scale, but cloakings continue in fair request-, particu­
to © COCO
o!S M
larly m Ki r*f v* and other lines about $1 25 per vard. Satinets
© M o -c GO
arc mart;-,,, throughout. Dress goods in both plain and
wto
ooaVft
Hi© CHOKES?
fancy m- arc h> limited demand. Flannels are inactive and
<OCO K»OOOOXI

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P1 !

THE CHRONICLE

J une 12, 1897,]

S tate

and

C ity D efahtment .

TERMS OF SUBSCRIPTION.
The I nvestors’ Supplement will be furnished w ith o u t
e x tr a charge to every annual subscriber of the Commercial
and F inancial Chronicle.
The State and City S upplement will also be furnished
w ith o u t e x tr a charge to every subscriber of the Chronicle.
The S treet R ailway Supplement will likewise be fur­
nished w ith o u t e x tr a ch arge to every subscriber of the
Chronicle.
The Quotation Supplement, issued monthly, will also be
furnished w ith o u t e x tr a ch arge to every subscriber of the
Chronicle.
TERMS for the Chronicle with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
_________
Terms of Advertising—(Per in#h space.)
O ne t im e ...................................... $ 3 5 0 I T hree M onth s (13 t im e s ) ..$ 2 5 0 0
O ne M onth
(4 tim e s ).. 11 0 0 S ix m on ths
(26 t im e s ).. 4 3 0 0
T w o M onth s
(8 tim e s ).. 18 0 0 | T w e lv e M onths (52 tim e s ).. 58 0 0
T he a b o v e terras for o n e m on th and. up w ard s a re for sta n d in g card s.

Pennsylvania.—R eso lu tio n R eq u estin g the G overn or to
O u tlin e a R evenue P o lic y R e tu rn e d to th e L e g isla tu re W ith ­
o u t H is A p p r o v a l .—On June 7, 1897, Governor Hastings re­
turned to the Senate without his approval the resolution re­
questing him to outline a revenue policy for the State. The
resolution as submitted to him was as follows:
“ R esolved (if the House of Representatives concur), That
his Excillency the Governor be requested to communicate to
the Gmeral Assembly whether a deficit will exist at the close
of the present fiscal year and whether the estimated revenues
for the two ensuing years will be sufficient to meet the deficit
if any exist, as well as 'he ordinary expenses of the State government, and if in his judgment existing laws are not suffi­
cient then what subjects of taxation he may recommend to
the consideration of the General Assembly that will sufficient­
ly increase the revenues of the State, to the end that no finan­
cial embarrassment may occur.”
In giviDg his reasons for not complying with this request the
Governor states that the information asked for was contained
in his biennial message submitted on January 5, 1897. He
presents the following statement showing the financial con­
dition of the State at the close of business on May 20, 1897:
Estimated total receipts for flsoal year to November
3 0 ,1 8 9 7 .............................................................................................. $ 9 ,7 6 8 ,9 2 9 0 0
B a la n o e in ban k M ay 2 6 ,1 6 9 7 ..............................
4 ,4 6 8 ,7 5 8 8 7

$ 1 4 ,2 3 7 ,5 8 7 67
P a y m e n ts m ad e from N o v em b er 3 0 , 1 8 9 6 , to M ay 2 8 ,
1 8 9 7 .....................................................................................................

6 ,9 2 1 ,0 0 0 0 5

1147

000 appropriated to the public schools. There being no ses­
sion of the legislature required by law next year the first
item will drop from the account.
“The appropriation for the public schools being more than
half of all the appropriations, is difficult to handle. Certain
conditions are imposed by law which must be complied with
by each school district before it can receive its share of the
State appropriation. This has always caused delay and for
many years past, perhaps from the beginning of the school
system, the appropriation has not been fully paid to the dist­
ricts until about a year after the close of the appropriation
year. For instance, the last general assembly appropriated
$5,500,000 for the appropriation year beginning June
1, 1895, and likewise $5,500,000 for the appropriation
year beginning June 1, 1890.
To day the appropria­
tion for the first of these years is not quite paid in full, while
not a dollar of the appropriation for the appropriation year
beginning June 1, 1896, has been paid.
“ The last General Assembly, wisely recognizing the diffi­
culties under which the fiscal officers labored in this behalf,
inserted the following clause in the school aporopriation sec­
tion: ‘Provided also that warrants for the above and all other
unpaid appropriations for common school purposes shall be
issued in amounts designated by the State Treasurer, and
wbeaever he shall notify the Superintendent of Public In­
struction in writing that there are sufficient funds in the State
Treasury to pay the same.’
“The question of actual cash deficiency therefore depends
upon the rapidity with which the State Treasurer pays out the
school appropriation. He has the power at any time to ex­
haust the treasury by paying out the overdue school appro­
priation, and he has the power to cripple the State institu­
tions simply by giving preference to the distribution of the
school funds.
The Governor further states that there is no duty resting on
the Executive to name subjects for taxation, should the ex­
isting laws not be sufficient, as that is purely the duty of the
Legislature. In closing he says:
“At this time, when almost all industries are suffering,
when trade is stagnant, and when willing labor can find no
employment, economy in the expenditure of public moneys
should control the General Assembly in its appropriations
and will certainly control the Executive in the con­
sideration of all such measures. I have steadily withheld my
approval from various bills, increasing the salaries of public
officials, but I would gladly approve any bill that might be
lawfully passed decreasing reasonably existing salaries from
the highest to the lowest. When the individual citizen finds
it necessary to exercise the most rigid economy in order to
support himself and his family, it is certainly a strong admo­
nition to you and to the Executive to see to it that his burdens
should not be increased, but so far as possible should be
lessened.”

Bond Proposals and Negotiations

this

week have been as follows.

Adair County, Mo.—B o n d s D e fe a te d —On June 1, 1897,
the citiiens of Adair County defeated by 246 votes a propo­
sition to issue $50,000 of Court-House bonds.
Adams Conuty, Ohio.—B o n d S a le .—The $20,000 of Adams
County bonds recently awarded to Rudolph Kleybolte & Co.
of Cincinnati bear 4 per cent interest and will mature in
twenty years from date of issue.
D e fic it..................................................................................................... $ 3 ,6 2 0 ,5 9 4 1 8
*
*
*
*
*
*
Alcona Coanty, Mich.—B o n d S a le —On June 1, 1897, this
county
sold $10,000 of 5 per cent 20-year funding bonds to
“ This estimate of $9,768,829 of revenues for each year does
Mason,
Lewis & Go., of Chicago, for $10,417. The following
not include the revenues which may be derived from the
‘ direct inheritance tax,’ lately become a law, and which is is a complete list of the bids received:
Lewis & Co., Chicago.$10,417 00 W. J. Hayes & Sons, Clev...... $10,012 00
the only revenue measure that has reached me from your Mason,
Trowbridge & Co., Chicago.. 10,163 00 Ann Arbor Sav. Bank, Ann
honorable bodies. It is believed that the direct inheritance The
Arbor, Mich........................... 10,000 00
D. B. Lyons Co., Chicago. 10,155 00
Jas. W. Longgtreet&Co.,Bos. 10,101 25 Robert Donaldson, Detroit... 10,000 00
tax law will yield about $1,000,000 in revenue per annum.
S. A. Kean, Chicago ............... 10,101 25 Campbell, Wilde &Co.,Ind’ap. 10,000 00
$ 7 ,3 1 6 ,5 8 7 82
P a y m en ts d u e on a co o u n t o f q u a rter e n d ­
in g May 3 1 , 1 8 « 7 ................................................ $ 1 ,0 0 0 ,0 0 0
P a y m en ts du e on so o o im t o f s ix m o n th s to
N ovem b er 3 0 ,1 8 9 7 .............................................. 9 ,9 3 7 ,1 8 2
----------------- 1 0 ,9 3 7 .1 8 2 00

*

*

*

*

*

*

“ From the above figures it will be seen that the fiscal
officers estimate that there will be a deficiency of aoout $3,630,594 18 on November 30, 1897.
“ A word of explanation is necessary as to this deficiency,
The fiscal year, so far as it relates 1 0 the revenues, by opera­
tion of law ends on November 30. The fiscal year, in so far
as it relates to appropriations, ends May 31. Thus the period
of six months intervening between May 31 and Novemoer 30
is liable to cause confusion. If the State were to settle up its
accounts on November 30,1897, in the same manner as a busi­
ness institu'ioa would do, it would be lacking about three and
one-balf millions of dollars of having money enough to
pay all its obligations, and in that sense there would be
a deficiency. But the appropriation year ends May 31
and the revenue year ends November 30 ; therefore the last
six months of the revenue year, in the calculations of
the fiscal officers, have been anticipated in the appropria­
tion year. If the revenues depended upon to be paid
into the treasury during the last eix months of the revenue
year could alt be colli cted in the first six months, the above
deficiency would be somewhat reduced, but to what extent I
am unable to say, because the fiscal officers have made ex
traordinary efforts to oollect everything possible in the first
six months.
“In the above estimate made by the Auditor-General and
State Treasurer aDd included in the $9,937,182, are two large
and important items, the first being $636,000, the estimated
cost of the present legislative session; and the other, $5,500,-

Fourth Nat Bank. Col’mbus. 10,055 00 Duke M. Farson, Chicago.......

9,800 00

The interest on the securities is payable at the Dime Sav­
ings Bank of Detroit, Micb.
Allegheny, Fa. —B on ds A u th o r iz e d .—The city of Allegheny
will, about July 1. 1897, issue $334,010 of 4 per cent streetimprovement bonds. The securities will mature in thirty
years from date of issue, with the right of the city to redeem
one-sixth every fivp years.
Ambler, Pa .—B o n d O ffering .—Proposals will be received
until June 15, 1897, by Joseph Haywood, Chairman of the
Finance Committee, for the purchase of $16,000 of bonds of
this borough.
The official a d v e rtise m e n t o f th is bond offering iv ill be
fo u n d am on g th e a d v e rtise m e n ts elsewhere in th is D e p a rtm e n t.
Ann Arbor, Micb.—B o n d s P ro p o se d .—Paving bo to thends

amount of $40,000 are under consideration.
Arkansas —B o n d s P ro p o sed .—The State Legislature of
Arkansas has under consideration a proposition to issue bonds
to the amount of $500,000. The securities, if authorized, will
bear imerest at a rate not exceeding 0 oer cent,
Arverne by-the-Sea, N. Y.—B o n d O ffering .—The following
gold bonds will be offered for sale at puolic auction to-day at
3 o’clock p. m., by the village of Arverne-by-the-Sea:
$60,000 of street-improvement bonds to mature at the rate
of $10,000 per annum from June 15, 1920 to 1925, inclusive.
$40,000 of sidewalk-improvement bonds to mature at the
rate of $10,000 per annum from June 15,1920 to 1923, inclusive.

THE CHRONICLE.

1148

i (X) of d mi nage bor d» to mature a t the rate of $2,000 per
annum from
15, 1920 to 1923, inclusive.
$3 iKO of drainage bonds to mature at the rate of $1,000 per
annum from Jut e 15. 1921 to 1888, inclusive.
|S i , Oof tMitn t opening bonds to mature at the rate of .>1,000
c»r annum from June IS, 1020 to 1923, inclusive,
' All <>f the at'ovbonds will he of the denomination of 51,000
each, dated June 15, 1897, with interest at the rate of 5 per
cent, parable semi annually,
Helmimt to n a t ; Ohio.—Bond Offering— Proposals will be
received until 10 o’clock A. 51.. June 30, 1897, at the office of
tht- Board of County Commissioners, Clairaville, O , for the
purchase of
• 00 of court house and jail, $8,000 of county
funding and $7,ii00 of bridge funding bonds, all to be of the
denomination of $1,(SC0 each. All three loans will bear 4}j
, r c. nt interest from July t, 1897, payable semi-annually lu
(arch and S#pt« mber. They will mature as follows:

f

> m <*t f r m n i y funding bond*. March 1, ISO?,
of cruelty t m & L m bonds. September l, UK>7.
t,dc*> ©f bruit# fanMing bonds, SeptemberL ISO#.
of budge funding bonds. March l,
&,«*> tjf ct-uft-hmiM.* and Jwl bonds, September 1,1008.
&,c<e of eourt-htm^o and jail bonds, March l, 1909.
$,<»;* of court house and jail hoods, September, 1,1900.
&,000 of court-hou*e and all bonds, March 1, 1010.
a ,000of cocrt-bvuse and jail bonds, September 1,1010.

Bentonrille, Ark. - Bond Sale.—Bentonvxlle has sild
$S7,i 00 of 8 ptr cent water-works bonds to the Noel-Young
Bond & Stock Company of St. Louis, Mo, The securities are
.lated June 1, 1897, and" will mature in from five to twenty
years from the date of issue.
BoonTltle (Mo.) School District, —Bond Sale—This dis­
trict has sold $.3,900 of 5 per cent school bonds to J. 8. Elliott
of Boonvitle at 101"75. Five other bids were received. The
interest on the a ourities ia payable semi-annually on the fir3t
days of January aDd July at the office of the Treasurer of the
School Board, and the principal will mature in ten years from
date of issue, su’-j-c to call after three years.
Bin-ton, .MbSs!—Temporary Loan.—The city of Boston
has award.d a temporary loan of $500,000 to the Boston Ter­
minal Company at 2‘2 per cent interest. S ir other bids were
received. The loan was issued in anticipation of the collec­
tion of taxes and will become due November 1,1897. The citv
has also plieed a loan of $45,000 at 2‘20 per cent interest. The
loan marnres November 1, 1897.
The New York “ News Bureau” reports that on June 11,
1897, the city of Bcston negotiated a loan of $500,000 due
November 1,1897, at 2-20 per cent. The $500,000 loan pre­
viously mentioned was made earlier in the week.
Bowling t.reea, Ohio —Bonds Proposed—Bonds for the
OQBUruc'ioo of a sewer are under consideration.
Brook haven. Mbs.—Bonds Authorized.—At an election
held in Brookbaven on June 7, 1897, the citizens voted in
favor of itsuing $40,000 of court-house and electric-light
bonds, and jropisals for the purchase of the securities will
toon be rt ceivrd. The loan is to mature in twenty-four years
from date of issue.
B ruukpn. N ¥.—Loan Authorized.—The Board of Aidermen has buhh. rized the City Comptroller to issue $3,000,000 of
tax certificates for temporary loans to meet appropriations
for 1897.
Buffalo, N. Y. —Bond Sale.—The $151,458 10 of %%. Per cent
grade-crossing bonds of the city of Buffalo were awarded to
Strtc-t, YVvkes & Co. of New York City at 103'425, The fol­
lowing is complete list of the bids received:

426 Blndeet, Mi-rrltt * Co.. Boston..iot'630
sw eet, wyite* 4 C o . , s . r .. ..
FftfiM.m. lAtach &*30., K, V.. .
I,. VV. Morrison, N. Y ................. 101-610
K. W, UmtfSm k Oow M* Y ......... 102*30
-----LoDKstreet’ &
' Co„ ~
' .101-485
>W,
Boat.
J w pH E, liiwili, Buffalo.........101'806

The Ma-uruk-s are dated May 1, 1897; interest is payable
semi-annually on the first days of M ty and November, and
the principal will mature May 1, 1917, both principal and
interest being payable at the office of the City Comptroller of
Buffalo or at the Gallatin National Bank of New York City, .
I hainptnln,
H.—Bowl Sale.—On June 4, 1897, the
l.’tetHi of 4 per cent water-works bonds of the town of
Champlain were awarded to N. W. Harris & Co. of New
York at 104 57. The following ia a complete list of the bids
receivi <1;
M. w iim ri. A O,., Nnw York— t< fS71 Dan‘1 A Moran 4 Co., N, Y ........ 101‘Ss

<".H. IVMr.. V , ,,, N.-W Vork
HU on On.. M. Halm, New York........... t o r s i
ta w : VV -iK-r.iil.
.I■-:i-<S3' RurtolphKleyiwlte AC&..N.Y *20,89488
........ , WfXw
.
i
m |j&eyittour,Bros.
ouymuwr uroa. cc
20,b6l
Street,
Wykrw a.v i:
I:.,,-sow
York.
.l'-aaiT
& Co.,
C N. Y...
”
’ " C
i5dw. ( .J ■,no« I’.., N
York,.... .3__ JHI ~llortron & Storm, N. Y........ HI
20.570 '

lior.w. D V f.verm. New York. ...lOgtk) I W. J. UajnsMt Soil., Clov...... 20,it7700
The bonds are of the denomination of Sl,00J each ; interest
i*. ; arable annually and the principal will mature at the rate
Of $ 1.090 per annum beginning June 10, 1923. These bonds
constitute the <t.ly indebtedness of the town of Champlain.
Charleston, W. Va,—Bonds Authorized.—The City Council
f f (Ihnrleeton h«« paarn d an ordinance authorizing an issue of
$8<l,CC0 of funding bonds.
thitth-m , N, J, -Bond Sale.—The borough of Chatham
htu <w.M ssj.Ohu of 4 per cent water-works bonds to the
i’tod< ntiai Itictirance Company of Newark, N, J., at par.
Chotean t n o n :;, ,M out.—Bond Sale.—The following bide
were te .im l f* r me $92,000 of 5 per cent coupon funding
bonds n! Cbnte an County,
iA-:%rh k (>>,, <*h3«-'.%$?•>,.....................................
................................ I'M*!*
Jw®*- O uimy «4|vrtf>Ks Banhi. lieleo*. M o m ..,,,___..... .................... . . . ___1i 08*0a

W A w .f ,

C*.

tn • " ! * »1I f-»5

Vork.,... .. . . . . . . . . . . . . .........
if

rt Bttnton,

,

...............,.’..^” .'.100*07

i n* irntmin w. r* a ^ anini ty Faraoo, Leach & Co. The seourities are of the denomination of $1,000 each ; interest is
psy-d id >. mi antmally on the first days of January and July
and th* j,,.- i| ,i will mature in twenty years from date of
»**tie, -nt-). ct to call after fifteen years.

fVOL. LXIV.

t helsea, Mass.—Bond Sale.—The following is a complete
list of the bids received for the $110,000 of 4 per cent bonds of
the city of Chelsea:
BmuUdue Bonds di <s
Oct, J, 11107. Off. 1. 1927.
C 'll. White k CO.. New York..................... .
...10 <vr>0
1CBW6
Bloaket, Merritt &Co.. BosUm....
10.1-970
108*680
E. U Oiiv k Co . Bouton.......... ............................ .103*831
108*687
Pap»tm, Leach k Co., sm York,.................
109*719
104*447
KaUtbrook &Ot>. Bostott ....... ........... .... ... ....... ..10.V517
108*8‘
W. .1. Hayes k Bona Boston.........
108*070
10!
Lelnnh, Towki k Co.. Boston,...— ........ ........
108*850
1«'
Jus. W. Longstreet k Co.. Boston....... .... ........... ,,,103*087
108*178
W.H Rolllus & Son*. Boston ... ....................... .......108*608
108*070
J ose Parker &Co., Boston................. ............. . ..... 103 aas
108*060
108*060
Blake Bras. &Co.. Boston...................... ............. JO -466
Adams k Co., Boston.......................................... 103 8/0
107*820
Parkinson &Burr, Boston........ ........... ............ ......iO$>82
D. W. Howland, Boston............... ...................... ...103 76a
........
8. A. Kean, Chicago, bid 105 for the entire issue. The
$40,000 of bonds due in 1907 were awarded to Biodget, Merritt
& Oo. and the $74,000 due iu 1927 to C. H W aite & Co.
Bond Redemption.—The city of Chelsea will utilize the
money now in the sinking fund to redeem $100,000 of 6 per
cent bouds maturing in Au >ust, 1897.
Cincinnati, Ohio.—Bond Sale.—The city of Cincinnati
has sotd $20,899 33 of 5 per cent 1—10 year street improve­
ment bonds to the Trustees of the Sinking Fund of that city
at par. I t is provided under section 3709 of the Revised
Statutes of Ohio that all such issues must first be offered to
the Trustees of the Sinking Fund at par, and only after their
refusal to purchase the same can they be offered for public
sale.
College Point, N. Y.—Bond S a le . —The $11,000 of 4 per
cent water bonds of College Point were awarded to Rudolph
Kleybolte & Co. of New York City atl05'81. The securities
are of the denomination of $1,000 each and will mature in
twenty years from date of issue.
Danbury, Conn.—Bond Sale.—The $150,000 of 4 per cent
funding bonds of the city of Danbury have been awarded to
E. H. Gay & Co. of Boston at 105-40. The following bids
were received.
E. H . Gay & Co.. Boston............ 105-400 Street, VVykes & Co.. N, Y ........104-850
N, W. Harris & Co.. Boston....... 105-330 Cushman, Kisher & Phelps. Bos.iOi-070
Kilw, C Jones Co,. N. Y............. 105-117 J. H . Parlee & Bro.. N. Y ...........10Y037
Parson. Union * Co., N. Y ....... 105-070 Knickerbocker 1‘r. Co.. N. Y....*103-26S
*For the *60,000 40-year bonds.

Ttie securities are issued to retire an equal amount of the
floating debt. They are of the denomination of $1,000
each, dated May 1, 1897 ; interest is payable semi-annuallv on
the first days of May aod November at the National Park
Bank of New York City or at the office of the City Treasurer of
Danbury, and the principal will mature as follows : $100,000
at the rate of $10,000 per annum from May 1, 1927 to 1936, in­
clusive, and $50,000 May 1, 1937.
Denrer. Col.—Bond Call.—Notice has been given by Paul
J. Sours, City Treasurer, that the following bonds, all of the
denomination of $500, have been called for payment on June
30, 1897, after which date they wilL cease to bear interest:
Capitol Hill Sanitary Sewer District No, 1—B tads Nos. 95
to 119, inclusive.
Southside Sanitary Sawer District No. 1—Bonds Nos. 107 to
132, inclusive.
North Denver Sanitary Sewer District No, 2—Bonds Nos.
66 to 87, inclusive.
Larimer Street Paving District No. 1—-Bonds Nos. 33 to 43,
inclusive,
Larimer Street Paving District No. 2—Bonds Nos. 90 to 114,
inclusive.
Nineteenth Street Paving District No. 1—Bonds Nos. 53 to
56, inclusive.
Nineteenth Street Paving District No. 2 —Bonds Nos. 60 to
97, inclusive.
Upon request from the holders of the above securities, ten
dajs before the expiration of this call arrangements will be
made for their payment at the Mercantile Trust Company of
New York City,
East Providence, R. I.—Bond Sale.—'The $ 100 000 of 4 per
cent gold funding bonds of the town of E ist Providence were
awarded to Rudolph Kleybolte & Co. of New York City at
105 09. The following bids were received :
B6n4S tim
U2Z.

Rudolph K1 “yboSfce & Co., Now York.,.... .............
Providence Banking CoM Providence..........................

K, C. Sfc&nwood & Co., Boston
Dietz. Denison & Prior. B oston...... . . . . . . ..................
Biodget, Merritt & Oo.. Boston
. .. . .........................
W. J. Hayes &Sons, Boston ................. .
. ............
Blake Bros. & Go., Boston . . . . . . . ........ .
Jose Parker <&Co.. Boston ........................103*8700
Far^on. Leach & Co.. N^w York. .. .......... .101*1760
E. H. Rollins & Sons. Boston..........................103*7*00
It. L. D a v & Co.. B o s t o n ..........................
J0C2790
N. W. Harris & Co.. Boston.
.................. 106*3400
Pawtucket Institution for Savings . .. .. — ..10*-0<«0
Industrial Trust Co., Providonce........... .......I02*OIOU
* ! f paid In Providence $500 to Oe deducted from bid

Bonds due
I9a7.

........

Whole
Issue.
100*090
104*630
104*090
104*070
*104*030
103*930
102*035

106*7790
104*6750
10 *7000
104*5590
104*3400
102*7700

The securities are of ihe denomination of $1,000 each; inter. st is payable semi-annually, aod the principal will mature
as follows : $50,000 in twenty-five years from date of issue
and $50,000 in fifty years from date of issue,
Elyria, Ohio.—Bond Offering. —Proposals will he received
until 12 o’clock noon, Juue 30, 1897, by W. H. Park, City
Clerk, for the purchase of $200,000 of
percent wat w bonds.
The securities will be of the denomination of $1,000 each,
dated January l, 1897; interest will be payable se ni annually
and the principal will mature at the rate of $10,000 per an­
num from January 1, 1908 to 1927, inclusive, bo-h principal
and interest being payable at the office of the Uahe l States
Mortgage & Trust Company of New York City. Etch pro­
posal muBt be accompanied by a certified check for 5 per
cent of the amount bid for.

J une 12, 1897.J

THE CHRONICLE

1149

Far Rock away, N. T.—B o n d S a le . —The village of Far
Rockaway has fold $35,000 of 5 per cent street-improvement
bonds to C. H. White & Co. of New York City, at 114-75.
The securities are of the denomination of $1,000 each,
dated Jure 1, 1897; interest is payable semi-annually and the
principal will mature as follows: $20,000 at the rate of $1,000
per annum from June 1, 1893 to 1917, inclusive, and $15,000
on June 1, 1918.
Fitchburg, Mass.—B o n d S a le . —An issue of bonds re­
cently authorized by the City Council of Fitchburg has been
taken by the sinking fund.
Flush in it, N. Y. - B o n d O ffering.—Proposals will be re­
ceived until 8 o'clock p. M., June 22, 1897, by J. A. McDonald,
President of the Board cf Trustees, for the purchase of $35,000
of 4 per cent coupon or registered bonds. The securities will
be of the denomination of $1,000 each; interest will be pay­
able semi-annually at the Seventh National Bank, New York,
and the principal will mature in from one to thirty-five years
from date of issue. A certified check for five per cent of the
amount bid must accompany each proposal.
Fort Madison. Iowa.—B o n d S a le. —On June 2, 1897, the
city of Fort Madison sold $120,000 of refunding bonds to
N. W. Harris & Co., Chicago, at 100-1 for the securities bear­
ing 4J£ per cent interest. Three other bids were received.
The securities are of the denomination of $1,000 each, dated
July 1, 1897 ; interest is payable semi-annually on the first
days of January and July in New York or Chicago, and the
principal will mature in twenty years from date of issue,
subject to call after five years,
Garfield t ounty, Kan.—C o u n ty B o n d s D eclared L eg a l —
Press reports state that the Supreme Court of Kansas has
rendered a decision bearingjupon the legality of Western Kan­
sas bonds to the amount of more than $1,000,000. Several
years ago Garfield County, through its regular county officers,
issued a block of bonds, which were purchased in the East.
When the bonds fell due payment was refused on the ground
that the county was not legally organized, and that the
proposition to issue the bonds had not been submitted to a
vote of the people. In order to evade payment the county
was disorganized and it became a township of Finney County.
The Supreme Court decided the bonds were valid, and di­
rected the officers of that township to make an assessment
on the property o r the township for their payment. The
court held that the county officers issuing the bonds were at
least de facto officers of the county, and as such their acts
were valid and binding upon the people they represented.
The decision will reinstate other Kansas bonds which were
repudiated under like circumstances and have been consid­
ered practically worthless.
Gloucester, Mass. — T em p o ra ry L o a n . —Gloucester has
awarded a six months’ loan amounting to $75,000 to Curtis
& Motley of Boston at about 2-84 per cent discount
Glynn County, Ga.—B o n d E lectio n . —The question of issu­
ing $40,000 of court-house bonds will be submitted to a vote
of the people of Glynn County on July 1,1897. The securities,
if authorized, will near 5 per cent interest.
Grand Kapids, Mich.—B o n d O ffering. —Proposals will be
received until 5 o’clock p. m , June 16, 1897, by Frank D.
Warren, City Clerk, for the purchase of $200,000 of 5 per cent
street-improvement horde. The securities will be of the den­
omination of $1,000 each, dated May 1, 1897; interest will be
payable semi-annually on the first days of May and Novem­
ber, in the city of Grand Rapids, and the principal will
mature at the rate of $50,000 per annum from May 1, 1898 to
1901, inclusive. Each proposal must be accompanied by a
certified check for 2 per cent of the amount bid.
Grapelan t (Cal.) Irrigation District.— Sale P o stp o n e d .—
The sale of the $25,000 of bonds of this district, whicn was to
have taken place on June 1, has been postponed until July 6,
1897.
Greenabtirg, Pa . —C o rrectio n . —The following communica­
tion has been received by us from Dick Bros & Co. of Phila­
delphia :

Indianapolis, Ind . —L oan A u th o rize d .—The Finance Com­
mittee has been authorized to negotiate a loan of $269,000,
payable July 1, 1898.
Jamaica, N. Y.—B o n d JStews.—David Hardenbrook of this
village has taken an assignment of the contract of W. J.
Hayes & Sons for the $100,000 of Jamaica sewer bonds at
104-335, the constitutional point raised as to their legality
being waived.
Jasper County, Ind .—B o n d Sale .—The County Commis­
sioners of Jasper County have sold $40,000 court-house bonds
at par. The securities bear 4 and
per cent interest and
will mature in thirty and thirty-five years from date of issue.
Jennings County, Ind .—B on d S a le .—In May, 1897, Jen­
nings County sold to Rudolph Kleybolte & Co. of Cincinnati
$55,000 of 5 per cent 15-year bonds. Road bonds to the amount
of $3,790. bearing 5 per cent interest, were also awarded to
Rudolph Kleybolte & Co
Jersey City, N J .—B o n d s P ro p o sed .—Jersey City proposes
to issue a temporary loan to the amount of $7,500 at a rate of
interest not exceeding 4 per cent.
Kentucky.—B o n d O ffering —Proposals will be received
until 12 o’clock noon. July 15, 1897, by the State of Kentucky
for the purchase of $500,000 of 4 per oent ten-year funding
bonds.
The total bonded indebtedness of the State of Kentucky,
exclusive of perpetual school bonds, but including this issue,
is $1,165,000.
Kiug City (Mo.) School District.—B o n d O ffering.—Pro­
posals will be received until June 15, 1897, by this district for
tbe purchase of $14,000 of 4 per cent school bonds. The se­
curities will be of the denomination of $100 each, dated July
1, 1897 ; interest will be payable semi-annually on the first
days of January and July and the principal will mature in
from ten to twenty years from date of issue. The assessed
valuation of this school district is $365,000; the actual valua­
tion is estimated at about $900,000.
Lima. Ohio.—Rond O ffering .—Proposals will be received
until 12 o’clock nom July 12,1897, by O. E. Lynch, City
Clerk, for the purchase of the following special assessment
bonds: $17,000 of North Main Street paving bonds of the de­
nomination of $50)and $1,000, and maturing as follows: $2,500
January 1, 1898; $1,500 every six months from Julu 1, 1898, to
July 1, 1902, and $1,000, January 1, 1903; $66,500 of West
Market Street paving bonds of the denomination of $500 and
$1,000 and maturing a3 follows: $4 590 January 1. 1898;
$3,000 every six months from July 1. 1898, to July 1, 1997, and
$5,000 January 1, 1908; $7,200 of Harrison Avenue paving
bonds of the denomination of $100 and $300 and maturing as
follows: $500 January 1. 1898; $300 every six months from
July 1, 1898, to July 19 >7. aud $1,000 January 1, 1908. The
securities will be dated July 1, 1897; interest at the rate of 5
per cent will be payable semi-annually at the office of the City
Treasurer of Lima. No bid for less than par will be consid­
ered and each proposal must be accompanied by a certified
check for 5 per cent of the amount bid for.
The bonded indebtedness of the city of Lima at the present
time amounts to $498,500; floating debt, less cash on hand,
$18,000; total debt, $513,500; school debt, not included in the
above, $23,000. The assessed valuation for 1898 is: Real es­
tate, $5,613,170; personal property, $1,713,537; total, $7,326,707. The real valuation is estimated at aoout $12,000,000 and
the population is about 23.617.
Loveland, Col.—B on d O ffering .—Proposals will be received
by Jay P. Harter, To wn Clerk, for the purchase of $41,000of 5 per cent refunding water-works bonds. Interest oa the
securities will be payable semi annually and the principal will
mature in twenty years from date of issue, subject to call after
five years.
Lowell, Mass.— T em p o ra ry L o a n —The city of Lowell has
awarded a loan of $100,000 to Blake Bros. & Co. of Boston at
a discount of 2-59 per c :nt. The following is a complete list
of the bids received :

" We n o te in th e Ch r o n ic l e o f M ay 2 9 th , th a t y o u m ak e a sta te m e n t
th a t w e d eclin e d on a d v ice o f our a tto rn ey to a o eep t th e is su e of
* 1 5 ,0 0 0 Q reen sbu rg 5 p er c en t b on ds, w h ic h w e re aw arded to us a t
104-61.
“W e b e g to advlae y o u th a t th is is an error, a s th e bon ds are in our
office and paid for, and w e n ev er had a n y in ten tio n o f not ta k in g them .
T here w as no u n n ecessa ry delay; w e sim p ly w aited u n til w e h a d op in ­
ion of our co u n sel a s to le g a lity o f is su e , w h ich is a lw a y s our ou stom .”

Blake Bros. St Co.. Boston..........
Bond & Goodwin. Boston.......
Bond & Goodwin, Boston...........
Curtis & Motley, Boston.............
Win. O. Gay & Co.. Boston.........
Geo. Mixter, Boston................... .
Charles Weil & Co.. Boston........
J. W. Longstreet A Co., Boston.
Blodget, Merritt & Co., Boston..
Edgerly & Crocker. Boston.......
E. EL Rollins & Sons, Boston.

Rate of
Discount.

Premium*

...*2-50
.. +2-60
... 2*68
.... 2-73
... 2‘75

$2 62
100
5 00

The error referred to in the foregoing seems to be the result
.....
of a misunderstanding, as the information upon which our * Payable in New York in gold. + Payable in New York in currency.
statement was based came from the New York offica of Dick
The loan was issued in anticipation of the collection of
Bros. & Co.
Hartford (Honn ) First School District.—B o n d S ale. —The taxes and becomes due November 8, 1897.
Lynn, Mass—Rond Sale. -The city of Lynn has sold
$100,000 of 4 per cent funding bonds of this district were
$100,000 of 4 per cent 30 year sewer bonds to Jas. W. Long*
awarded to Die z, Denison & Prior of Boston for $103 537.
street
& Co. of B >ston at 108-625 and $35,000 of 4 per cent
The following is a complete list of the bids received:
Diete, Denison * Prior. Boston.$l03,537 Jas W. Longstreet&Cc., Bos . .$102,533 20-year library bonds to R. L. Day & Co. of Boston at 106-738,
Cuabraan,Flsher & Phelps, Bos. 103,471 C. H. White & Co.. N. Y ............. 102,218
Madison, W is .—B on ds A u th o rize d .—TheCmman Council
Francis R. Cooley. Hartford... 102,097 E. H. Rollins & Sons, Boston.. 101,801
— 101,700 of the city of Madison h 1 3 au .horized an issue of $15,000 of
Geo. A. Fernald &Co.. Boston.. 102,88* Kdw. C. Jones Co., N Y .
W. J. Hayes St Sons. Boston.... 102.636 Blodgei. Merritt A Co. Boston 101.530 street improvement bonds.
The securuiss are of the denomination ot $1,0U0 each, dated
Mamarotteck, N. Y.—B o n d O ffering .—Proposals will be re­
May 1, 1897; interest is payable semi-annually and the prin­ ceived until 8 o’clock P. M, June 16, 1897, by Daniel Warren,
cipal will mature Mav 1. 1927. subj-ct to cill after May 1, 1907. Chairman of the Finance Committee, for the purchase of $15,Houston. Texas.— B onds U n sold .—The following bids were 000 of 4 per cent road and bridge bonds. The securities will
received on June 5, 1897, for the $150,000 of 5 per cent 20 40 be of the denomination of $500 each, dated July 1,1897; in­
year optional paving bonds of the city of Houston:
terest will be payable semi-annually on the first dtys of Jan­
T h e L am precht B ros Co., C le v ela n d .............................................
3017,
uary and July, and the principal will mature as follows:
Sp itz er A ( o.. T o le d o .......... ............................................................ $ 2 5 2 ,0 5 0 00
Fare on. L each A (*o., C h ic a g o .......................................................... 25 1,022 50 $5,000 at the rate of $1,000 per annum from July 1, 1398 to
N . W . H a m s A Co., C h icago................. ............................................ 250,101 50 1902, inclusive, and $10,000 at the rate of $2,000 per annum
from July 1, 1903 to 1997, inclusive.
None of the bids were accepted.

1HE CHRONICLE.

1150

[V o l . UX1V.

Newton, N. C.—Election Postponed.—The date of the elec­
Saofhe«!*r, N. II,—Temporary Loan —The following bid#
tion to vote on a prop eition to issue $3,000 of <Dctric-light
a
tor
th«
ItOO.UuO
six
month#
loan
of
the
city
of
wcf
bonds has been postponed from J line 8 o June 28, 1897:
Mas E&ftljtf* i-Hued in anticipation of the collection of taxes:
Newtown, N. ¥.—Bond News.—Judge Gavnor, of the Su­
Hats of Discount
mmL
i E-„H, lMfilitt & San*. Boston,. .. 8*000 preme Court, has isau *d a temporary injunction to restrain
MS
I EdtfssrJy .V Croeker, Boibm .. .. . . .. f W
Mont! A liotKlwrln. Boston ... ., . .#8*<WQ the delivery of the $620,000 of improvement bonds receutly
| |a». w . l.ong'trent & Co., Boston. S oso issued by the town of Newtown, on the representation by cer­
tain taxpayers that the securities were illegally issued.
•JU i |4 Vt
Newtown (N. Y.) Union Free School D istrict No. 2 —
«Ttif*ImM wa» iwurded to Curtis & Motley.
Bond Sale.—The $15,000 of 5 per cent I lf ! year average
Marion, Ohio -B m -fSafe.- Tne following bids were re- school bonds of this district were awarded io The Lunpreeht
iv,.i n Ju-'. 5. !>97, for the $$.000 of 6 pet cent sidewalk Bros. Co, of Cleveland at 114-25.
t n . j , ; i f 7,5 ip of r, per cent sewer bonds, and $19,000 of 5 per
The following bids were received:
cent street-improvement bonds:
The Lumpreeht. Bros.Co.. Clev,. 114*250 [ h. W. Morrison. Now York........lfS-Soft
.........1OJ-8O0
w
.
j . Haves & Sons, Boston,. . . . 113*7®** UortroH iStoiTB. N. V
g,10,000
0/
$4.000 0*
§M$vmm
bemti*
.........................16,i n 26
W***
its,.jfc
................. .....................
H, W. Karri* A •

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

*

Ki«-.;; hkirrV .« • * Co......................... «,»;•
m 'm

o a o » ................................

m

w-fjS9S

The »-•-« |»r«i< lit... t o ........................... 5*«SI ?S
W e * ie rrs y « f m <m B u n k . . . . . . *
iks*f> vO
■
CML Ewart. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - - ••>• •

A C o ............ ..............

m *

00

17,500 of strut improveseior-r bonds, tnrvt boiuki_.
$10,001 25
$8,374 50
10,78:i 00
oo
10,780 00
8,272 50
10.750 39
8,202 50
10.750 00
8.270 00
10,720 50
8,180 50
10,711 00
8.117 O0
10,067
00
8,075 00
10,063 00
8.118 75
J0,r00 00
mm oo
10,589 00
70*27 76
10570 01
8,000 00

Xht- -• curititB were awarded to Dietz, Danison & Prior,
lias-arhiisetts.—Bond S ale—State Treasurer Shaw has
sold $suo.O00 of 3% per cent registered State bonds to L-dand,
Towle & Co. of Boston at a private sale. Of the total issue
$,00,000 a re a portion of the Metropolitan Park Boulevard
loan, which will mature in thirty years, and $100,000 are a
portion of the State Highway bonds, which will become due
in forty years.
Middletown (N. Y.) School D istrict No. 1.—Bond Offerinn.—Proposals will be received until 8 o’clock p. M,, June 15,
18»7, by Mtcbael W. Murphy, President of the Board of Trus­
ts.... for the purchase of $45,000 of school bonds, the bidder to
state t> e late of interest at which the loan will be taken. The
securities will b»- coupon bonds of the denomination of S3,250,
dated May 1, 1-Sa7. and will mature at the rate of $2,250 per
annum, beginning May 1, 1898, Each proposal must be ac­
companied by a certified check for 5 per cent of the amount
Midland Park. N. J —Bond Offering —Proposals will be
received until" o’olock P. 51., June 21, 1897, by this borough
for the purchase of $10,000 of 5 per cent improvement bonds,
of the denomination ot $500 each, dated July 1, 1897; interest
will be payable semi-annually and the principal will mature
at the tate of $1,000 per annum from 19U1 to 1910, inclusive,
both principal and interest being payable at the First National
Bank of Paterson, N. J. Bach bid must be accompanied by
a ecrtifieit check for 5 per cent of the amount bid for. The
net bonded debt of Midland Park, including this issue, is
$10,0M), The a-s *.-6ed valuation for 1896 is $389,025; tax rate
(per $1
$19 81. The real valuation is estimated at about
$■578,050 and the population is about 1,200,
Milaca. Miun —Bond Sale.—The$3 500 of 6 per cent 7-year
average water-works bonds of the village of Milaca were sold
to Trowbridge & C >. of Chicago for $3,508. S. A. Kean of
Chicago bid par. The interest on the securities is payable an­
nually at the Se rood National Binlr of St. Paul, Minn.
Milwaukee, Wig.—Bond Call.—A notice has been issued
by the Commissioners of the Puolic Dsbt of the city of Mil­
waukee stating the numbers of the bridge, general city, waier
and watei-worbs refunding bonds that have been selected by
lot f o r payment. Interest on these securities will cease after
June 30, l»97.
Montgomery, Ala.—Bonds Proposed.—The City Council of
Montgomery proposes to issue bonds to pay the cost of paving
certain streets.
Mont-one( do.) School D istrict.—Bond Bale.—This district
Isas e Id pi.It mi of 5 per cent school bonds to the Noe 1-Young
Bond A: Stock Company of St. Louis, Mo. The securities are
dated June 1, 1897, and will mature in from five to twenty
year* from date of i.-sue,
Morgan t limit)', via,—Note Sale.—Morgan County has
sold $ 15,000 of 8 percent 2-year warrants at par. Thi inter­
est on trie -■>curitie* is piya de annually at the First National
Bank of Di-catur. Ala.
MorrlMowit, Minn.—Bond Sale.—On June 1. 1897, the villa«< of Mjrristown sold $3,000 of 5 per cunt public hall bonds
to the Bank of Morristown for $3,908 07 Die securities are
" th*? <1■nomination of $500 each, dated June 1, 1897; interest
l. payable annually and the principal will mature at the rate
of $5'!0 every two years, beginning with August 1, 1900, both
principal and Interest being payaole at Morristown.
Neptune Towunlilp, N. J .—Bonds Authorized.—School
bonds to the amount of $50,3)0 have been auuionzid, The
K^urine* will no of the denomination of $5)0 each, except
" n\\ t ,jnd for $3 )0 ; interest at a rate not exceeding 5 per cent
will V*. payable - mi-anuualty, and the principal will mature
In th'-rty y.-ar* from date of issue, aubj jot to call after ten
year*.
N>w B ritain. Conn,—Bonds Authorized.—Water bonds to
use amount of $230,000 have been authorized,
Newport, 1 min —Bond Offering.—The town of Newport
win -• II si Dublin auction on June 15. 1897, at l o'clock p. M ,
of 6 percent ‘«-hOol bonds. The Bounties will be of
d* nomination of $500 each, date! September 1, 1885 ; iny r. -L will !.<• pa; able annually at the Merchants’ & Planters’
Bank of Newport, and the principal will mature in twenty
years from date of issue,

Ben well & Everltt, N. Y , .......... 138*720 | It n. Stwpard ,t Co, N. V...........lOS'l iH
N. W. Harris A Co.. N. Y . .. ......112 30 *, Walter Stanton A Co., JST. Y ... .103*000
104*870
Mason, Lewis & Co.. Chicago....ill'00o W ha tin & Scti lcHingcr, N. V
Farson, Leach & Co., Is7, Y ........ 110‘uOO] ISdw, C. Jones Co.. Mew York ... .108*090

horfolR, Ya.- Bond News.—A report has been circulated
to the effect tbat the city of Norfolk has been authorized to
issue $10,000 of bonds for the erection of a new scboolbouse.
We are officially informed that the report is inc irrect.
North Hempstead ( M. ¥.) School D istrict No l .—Bond
Sale.—This district has sold $8,000 of 5 per centfli-! year aver­
age school bonds to Birtron & Storrs of New York City at
100 625.
Ohio.—Bond Sale.—The $250,000 of 3 per cent bonds of the
State of Onto were awarded to Seasongood & Mayer of Cin­
cinnati at a premium of $31 75. The securities ar» dated July
1, 1897, interest is payable semi-annually on the first days of
January and July, and the principal wifi mature July 1, 1902.
The proceeds of the sale are to be placed to the credit of the
sinking fund and the bonds, with the interest thereon, will
be payable out of the sinking fund.
Ontario, Cal.— Bonds Defeated.—The citizens of Ontario
have voted against a proposition to issue $15,000 of water
bonds.
P a rk Kidge, N. J .—Bond Offering. —Proposals will be re­
ceived until 3 o’clock P. M., June 21,1897, by the borough of
Park Ridge for the purchase of $10,000 of improvement
bonds. The securities will bear interest at the rate of 5 per
cent, payable semi-annually.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Passaie County, N. J. —Bond Offering.—Proposals will be
received until 2 o’clock p . m. June 30, 1897, b-> John Blauvelt, Chairman of the Board of Cbosen Freeholders of Passaic
County, for the purchase of $100,000 of 4 per cent gold court­
house bonds, Tbe securities will be of the denomination of
$1,000 each ; interest will be payable semi-annuplly on the
first days of January and July, and the principal wilt mature
at the rate of $50,000 per annum in 1902 and 1903. Each
proposal must be acc impanied by a certified check for 1 per
cent of the amount bid.
Patchogne, N. T .—Bond Offering.—The trustees of Patchogue will sell at public auction to the highe-t bidder on
June 22, 1897, at I t o'clock A, M., $30,000 of 4 per cent cou­
pon bonds. The securities will be of the denomination of
$1,000 each, dated July 1, 1897; interest will be pryable an­
nually on the first day of January, and the priactual will ma­
ture at the rate of $2,000 per annum from Jan. 1, 1900 to
1909, inclusive. No bid for less than par will he considered.
Piarmoiit, N. I .—Bond Sale.—On June 10, 1897, the village
of Piermont received sixteen tils for the purchase of $9,000
of 5 per cent highway bonds. The following is a complete
list of the bits received :
Rudolph Kleyholte & Co., N .Y. 103*5100
The Lamorechl Bros Co., ClfJV. 108*150J
107*2160
W . J. Hayes & Sons, Boston,... 107
2160
Walter Stanton & Co., N .Y ..... 107*1144
Ben well & Everitt. N. Y . ......... iu6*96u0
Isaac W. Sherrill, Po’keepede.. .1C>6’70OO

Geo M. Hahn, N .Y .................108*3200
L. W, Morrison. JS. Y . . . .......... 106*0000
Rdw. C. Jones o., V. Y
.... 106*6000

Larson, Leach & Co.. N. Y....... 105*1*50

Blauvnii &. Morrell, Nyuck.,...104*5830
“ A.,
• -Kean, Chicago....,..........
104*6000
8.
ChicaKO.-.- .
Whann &Sohlesiiurer, N.Y... .106*5400 Dan’!
_________
A. Moran____
& Co., N, Y . .. . 104*0000
~ 50:
5040
Bertren & Storrs, N. Y . . . . . . . . . ,108*3500 Nyack
Liyack National
.NationalBank.
Bank. Nyaek.
Ny
.103

The bonds were awarded to Rudolph Kteyuolte & Oo. I n ­
terest on the securities is payable semi-annually in January
and July, and the principal will mature at the race of $500
annually from July 15, 1899, to July 15. 1910, inclu-ive.
l ittsfurd, N. T.—Bond Offering.—Proposals will bs re­
ceived until 8 o’clock P. M., June 22, 1897, by the Village of
Pittsiord for the purchase of $18,000 of 31! Per ceiJ water­
works bonds. Tbe securities will be of the denomination of
$1,000 and will mature in from ten to forty years from date
of issue. The assessed valuation of Pittsford is $450,000; the
real valuation is estimated at about $750,000, The population
is about 900.
P ort Huron, Mich.—Bond Offering.—Proposals will be re­
ceived until 12 o’clock noon, June 23, 1897, by E. B. Taylor,
City Comptroller, for the purchase of $25,000 of 4 p-r cent re ­
funding bonds. The securities will be of tbe denomination of
$1,000 each, dated July 1, 1897; interest will be pavable semi­
annually at the Hanover National Bank ofN s -v York City,
and tbe principal will mature July 1, 1922, with the privilege
of redemption on the part of the city on and after Januiry 1,
1918. No bid for less than par and accrued Interest will be
considered.
Portsm outh, Ohio.—Bond Sale.—The $9,900 of
per
cent school bonds of tbe city of Portsmouth were awarded to
Rudo'ph Kleybolte & Co, of Cincinnati, Ohio.
Portsm outh. Va —Bond Offering - -Proposals will be re­
ceived until 6 o’clock P. M,, June 16,1897, by E. Thompson, Jr.,
Oily Clerk, for the purcha-' -•1$25,000 of 5 per cent coupon

THE CHRONICLE

J une 12, 1897.]

ferry bonds. The securities will be of the denomination of $100
and $510, dated July 1, 1897; interest will be payable semi­
annually on the first days of January and July, and the
principal will become due in thirty years from date of issue.
The bonds will be exempt from city taxes and may be regis­
tered as to principal and interest or as to principal only, as
the purchaser may desire.
B o n d S o l e —The $10,000 of 5 per cent paving and
grading bonds of the city of Portsmouth were awarded
to W. V. H. Williams, as follows: $5,000 at 103 and
$5,000 at 102'75. In erest on the securities is payable semi­
annually, at Portsmouth, and the principal will mature
April 1, 1907. The loan is free from taxation and is issued in
the form of coupon bonds of $100 and $50), with the privi­
lege of the regisiration of principal and interest or principil
only, as the purchaser may desire.
Raleigh, N, C.—B o n d S a le. —The city of Raleigh has sold
$25,000 of 5 per cent refunding bonds, due in 1919, to the
Penn Mutual Life Insurance Company of Philadelphia at
106-95, with accrued interest since January 1, 1897. Tne secu
rities were issued to refund $25,000 of the $30,300 of 6 oer
cent bonds maturing July 1, 1897; the remainder of that issua
is to be paid from the funds in the hands of the Sinking Fund
Commissioners.
Remington, Ind.—B o n d S ale. —The $8,000 of 6 per cent
water bonds of the town of Remington were awarded to
N. W. Harris & Co. of Chicago at a premium of $491. There
were 14 other bids received. The securities are of the de­
nomination of $500 each, dated June 1, 1897; interest is pay­
able semi annually and the principal will mature as follows ;
$3,000 on June 1, 1902, $2,000 on June 1, 1904, $3,000 on June
1, 1906, and $1,000 on June 1,1907.
Rensselaer County, N. V.—B on d O fferin g.—Proposals will
be received until 12 o’clock noon, June 28, 1897, by John Dm,
County Treasurer, for the purchase of $150,000 of 3]£ per
cent sinking fund bonds and $25,000 of 3% per cent CourtHouse bonds. Tne securities will be of the denominaton of
$5,000 each, dated April 1, 1S97 ; interest will be payable
semi annually o p the first days of April and October at the
•office of the County Treasurer. The $150,000 of sinking fund
bonds will mature at the rate of $15,000 per annum fr >m
April 1, 19J8 to 1917, inclusive, and the $25,000 of Court-

NEW

House bonds at the rate of $5,000 per annum from April 1,
1941 to 1945, inclusive. No bid for less than par aad accrued
interest will be considered. The debt of Rensselaer County,
including both these issues, amounts to $922,000 ; the assessed
valuation for 1896 is $79,013,577.
Richmoud Hill, N. Y .— B on d S a le .— The $70,000 of 4 per
cent street-improvement bonds and the $150,000 of 4 per cent
sidewalk bonds of Richmond Hill have been awarded to Wal­
ter Stanton & Co. of New York, City subject to the legality
of the securities. The street-improvement bonds are of the
denomination of $1,000 each, dated May 1, 1397, and will ma­
ture at the rate of $5,000 per annum, beginning with May 1,
1937. The sidewalk bonds are dated June 1, 1897, and will be
come due at the rate of $5,000 per annum, beginning June
1, 1953.
Ridgeway and Shelby (N. Y .) Union Free Scheol District
No 12 —B o n d S a le . —The $19,000 of school bonds of this dis­
trict were awarded to H. F. Walton, of Medina, N. Y., at his
bid of $22,851 for the securities bearing 6 per cent interest
payable semi-annually. The bends are of the denomination
of $1,000 each, and will mature at the rate of $1,000 per an­
num from No vernier 1, 1898 to 1916, inclusive.
Rockland, Me —B o n d R ed e m p tio n .— Xnis city will redeem
some of its $59,000 of 4 per cent bonds maturing July 1, 1897,
Saudersviile, Ha.—B o n d s A u th o r iz e d .—I t is reported that
the citizens of Sandarsville have authorized the issuance of
bonds.
San Jacinto and Flea taut Valley (Cal.] Irrigation Dis­
trict.—B o n d O ffering —Tne Board of Directors of this district
will receive proposals for the purchase of $123,000 of 6 per
cent gold bonds of the denomination of $250 eac ’, with inter­
est payable semi-annually on the first days of January and
July. This is part of an authorized issue of $350,000, the re­
mainder of the securities having been sold.
Santa Monica, Cal.—Rond E lection . —It is reported that
the citizens of Santa Monica will in the near future voce on a
proposition to issue sewer bonds.
Sanlt Ste. Marie, Mich.—B o n d E le c tio n .— Oa June 14,
1897, the citizens of Saule S:e. Marie will vote on a proposition
to issue $30,000 of paving bonds.
Sherwood, Ohio.—B o n d S a le. —The village of Sherwood
has sold $4,000 of bonds at a premium of $105 75.

N EW LOANS.

LOANS.

IN VESTM EN TS.

BOND CA LL.

#1 1,000

S O U TH DAKOTA.

Village of College Point, N.Y.

P i e r r e , S . D „ J u n e 1, 1897.
N o t i c e is h e r e b y g i v e n t h a t t h e f o llo w in g - d e s c r ib e d
T e r r i t o r i a l (n o w S t a t e o f S o n t h D a k o ta ) B o n d s a r e
c a ll e d f o r p a y m e n t o n J u l y 1 s t, 1897, o n a n d a f t e r
w h ic h d a t e i n t e r e s t w ill c e a s e .
I s s u e d M a y 1 s t, 18*8, f o r t h e c o n s t r u c t i o n o f S c h o o l
f o r D e a f M u te s a t S io u x F a lls , N u m b e r s 1 t o 24, b o t h
i n c lu s iv e , o f $500 e a c h .
I s s u e d M a y 1 s t, 1883, f o r t h e c o n s t r u c t i o n o f t h e
m a in b u ild iiiK o f t h e D a k o t a U n i v e r s ity a t V e r m il­
lio n , N u m b e r s 1 t o Go, b o t h in c l u s iv e , o f $500 e a c h .
I s s u e d J u l y 1 s t, 1885. f o r c o m p l e ti n g t h e A g r i c u l ­
t u r a l C o lle g e a t B r o o k in g s , N u m b e r s 1 t o 40, b o th
in c l u s iv e , o f $500 e a c h .
I s s u e d J u l y 1 s t. 1885, f o r t h e c o n s t r u c t i o n o f
D o r m it o r y , A c.. S c h o o l f o r D e a f M u te s , N u m b e r s 1
t o 32. b o t h i n c lu s iv e , o f $500 e a c h .
I s s u e d J u l y 1 s t, 1885, f j r c o n s t r u c t i o n o f S c h o o l o f
M in e s a t R a p i d C ity , N u m b e r s 1 t o 20, b o t h in c l u s iv e ,
o f $500 e a c h .
T h e a b o v e d e s c rib e d B o nds w e re iss u e d b y th e
T e r r i t o r y o f D a k o t a , a n d a r e p a y a b le t o b e a r e r a t
t h e C h e m ic a l N a t io n a l B a n k i n t h e C ity o f N e w Y o rk .
K IR K G . P H IL L IP S ,
T r e a s u r e r o f S t a t e o f S o u t h D a k o ta .

1151

$

7

, 0

0

0

C H E L S E A , MASS.,
3 0 -Y E A R

41 W A TER BONDS.

0

4£ REG. BONDS.

P R IC E T O N E T

B o a r d o f T r u s t e e s o f t h e V illa g e o f C o lle g e
P o in t, N . Y .. h e r e b y i n v i t e b i d s f o r t h e w h o le o a n y
p a r t o f e l e v e n $ 1,000 t w e n t y - y e a r f o u r p e r c e n t
w a t e r b o n d s o f s a id v illa g e a s a u t h o r i z e d b y C h a p t e r
383 o f t h e la w s o f t h e S t a t e o f N e w Y o r k o f 1893,
B id s a r e i n v it e d a n d w ill b e r e c e i v e d b y t h e t r u s t e e s
o f t h e v i ll a g e a t t h e i r r o o m s i n P o p p e n h a u s e n I n s t i ­
t u t e , C o lle g e P o i n t , N . Y ., u p t o 3 o ’c lo c k P . .\1. J u n e
7 th , 1897, w h e n a n d w h e r e a il b id s w ill b e o p e n e d .
A ll p r o p o s a ls m u s t b e a c c o m p a n ie d b y a c e r tif ie d
c h e c k d r a w n to t h e o r d e r o f F . R . C l a i r . E s q ., V il­
la g e T r e a s u r e r , f o r fiv e p e r c e n t o f t h e a m o u n t b i d .
t h e b a la n c e to b e p a id b y t h e s u c c e s s f u l b i d d e r o n o r
b e f o r e 12 o ’c lo c k J a n e 3 0 th , 1897, a t t h e N i n t h
N a t io n a l B a n k . 407 B r o a d w a y . N e w Y o r k , w h e n a n d
w h e r e t h e b o n d s w ill b e d e li v e r e d . T h e b o a r d r e ­
s e r v e s t h e r i g h t t o r e j e c t a n y o r a ll b id s.

Loveland, Larimer County, Col.,
d e s ir e s a t o n c e t o r e f u n d 8 1 1 , 0 0 0 W a t e r W o r k s
B u n d s a t fiv e p e r c e n t, i n t e r e s t p a y a b le s e m i - a n n u ­
a lly . B o n d s t o r u n t w e n ty y e a r s b u t p a y a b le a t t h e
o p t io n o f t h e t o w n a f t e r fiv e y e a rs .
B id s w a n te d
f ro m r e l i a b l e p a r t i e s . F u ll i n f o r m a t i o n g i v e n b y
J A Y P . H A R T E R , T o w n C le rk , L o v e l a n d C o lo r a d o .

^ T S 90 0 0

FA LL RIVER, MASS.,
30-Y EA R 4* REG. BONDS.
P R IC E T O N E T
F U L L L IS T O F M U N IC IP A L A N D R A IL W A Y
S E C U R IT IE S M A IL E D O N A P P L IC A T IO N .

C. H. W H I T E & CO.,
B A N K E R S ,
31 N A S S A U

S T ., N E W Y O R K .

ADAMS & COMPANY,
BANKERS1
D E A L E R S IN

#

1

0

, 0

0

0

PARK RIDGE, N. J.,
b% Improvement Bonds.
P a r k R i d g e . N . J .. J u n e 10, l c97.
S e a le d b id s w ill b e r e c e i v e d f o r t h e s a le o f $10,000
I m p r o v e m e n t B o n d s t o b e a r b% i n t e r e s t , p a y a b le
s e m i - a n n u a l ly . B id s w ill b e o p e n e d J u n e 2 1 s t, 3
P . M ., In C o u n c il C h a m b e r, F o r r e s t e r s ’ H a l l.
M a y o r a n d C o u n c il r e s e r v e t h e r i g h t t o r e j e c t a n y
o r a ll b id s . F o r f u r t h e r p a r t i c u l a r s a p p ly t o
A. J. ACKERM AN
B o r o u g h C le rx ,
P a r k R id g e , N . J .

#

1

0

, 0

0

0

Borough of Ambler, Pa.,
BONDS.
PR O PO SA LS FO R T H E PU R C H A SE O F BONDS
to b e I s s u e d by t h e B o ro u g h o f A m b le r. P a ., a m o u n t ­
in g t o S i x te e n T h o u s a n d ($16,000) D o l la r s , w ill b e r e
c e iv e d bv t h e u n d e r s i g n e d u n t il t b e I 6t b I n s t a n t,
c o m m i tt e e r e s e r v in g t b e r i g h t t o r e j e c t a n y o r a ll
b id s .
F o r p a rtic u la rs a d d re ss JO S . H A Y W O O D ,
C h a i r m a n F i n a n c e C o m m itte e , A m b le r , P a .

I N V E S T M E N T BONDS,
City of Newark, N. J., 4s,
Hudson County, N. J., Gold 4s.

M e m b e r s o f B o s to n S to c k E x c h a n g e .

No. 7 Congress and 31 State Streets,

P ric e a n d P a r ti c u la r s on A p p lic a tio n .

E. H. ROLLINS & SONS,
19
BOSTON,

M IU K .

STREET.

.

.

.

.

MASS.

GOVERNMENT,
MUNICIPAL,
STREET RAILWAY,

BONDS.
EDWARD 0, JONES CO.,
421 C H E S T N U T S T R E E T ,
P H IL A D E L P H IA .

1 N A SSA U ST R E E T ,
N EW YORK.

BOSTON.

W. N. Coler & Co.,
BANKERS

„

MUNICIPAL BONDS
34 NASSAU STREET.
S e c o n d - H a n d S e t o f C h r o n ic le V o lu m e s ,
t o 1896, f o r s a le .
A 1806

fro m

W IL L IA M B. D A N A C O M P A N Y ,
76>tf P i n e S t r e e t , N e w Y o r k ,

rHE CHRONICLE.

1152

^owfrTtltf. M u r.—Bowl Sale.-The $143,000 of 4 per cent.
CJlY Iomo inn di and tin- $35,0(f0 of 4 per cent sewer loan bonds
of the city of S -merville were awarded to Ja*. W. Lrmgsiret-s A Co. of B -ton at 101*405 for both issues. The seeuntii * are of the denomination of $1,000 each, dated J uly 1,
I'.C. and the interest is payable semi-annually at the National
Security Bark of Boston. The piincipal of the city loan
bond* will mature part yearly o t July 1. as follows: From
1M>> to 1901, $11,000 yearly; from 1003 to 1907, $0,000 yearly;
fj-i ,15 5<», s Hi 1011, $5,iJU0 yearly, and from 1913 to 1017, $4,000
, , fa vrar. The newer loan bonds will mature at the rate of
?!, , 3 yearly on July 1 from 1898 to 1933, inclusive. The debt
i the city of S< tncrville, including these issues, is $1,154,000,
-I. J the
i*d valuation for 1896, $49,010,800.
South t arolina.—Loan Proposed.—The State of South
Carols! a h.. under consideration a proposition to borrow
$100 000 for current expenses.
Southern Blue*, N. C.—Bonds Proposed.—It is reported
that this town proposes to issue bonds to the amount of $35,000
for tin purpose of constructing water-works and a sewerage
system.
_
South Orange Township (N. J.) School D istrict.—Bond
Offering.—Proposals will be received until 6 o’clock P. M.,
June 16, ISO?, by N. R. Burghardt, District Clerk, for the
purchast • $25,000 of 5 per cent school building bonds. The
fieuritie* will be of the denomination of $1,000 and $1,500.
dated July 1, 1897; interest will be payable semi-annually and
the principal " ill mature as follows: $10,000 at the rate of
Jl.OdOper annum from July 1, 1898 to 1907, inclusive, and
$!5,CH)o at the ram of $1,500 per annum from July 1, 1908 to
1017, inclusive. Each proposal must be accompanied by a
e.riitied check for 5 percent of the amount bid for. These
be ti ls will not be subject to taxation in the State of New
Jersey, and will eonsiitute the only indebtedness of the
school disi net.
South Portland. Me.—Bond Sale.—The following bids were
ree, ived for the purchase of the $30,000 of 4 per cent 11-year
average funding bonds of South Portland :

l Vol . l s i v

.

will vote on a proposition to issue $10,000 of water bonds
on June 28, 1807.
Stockton, N. J .—Bond Sale.—The $10,000 of 4 per cent
coupon school bonds of the town of Stockton were awarded
lo W. J. Hayes & Sans of B jaton at 105 The securities are
of the denomination of $500 each, dated July t, 1897; interest
is payable semi-annually on the first days of January and
July, and the principal will mature in twenty years from date
of issue, both principal and interest being' payable at the
National State Bank of Camden, N. J,
Stoneham, Miras.—Temporary Loan.—The $10,000 of 4 and
5 months notes of this municipality were awarded to Rogers,
Newman & Toirnan at a discount of 3-80 per cent. The fol­
lowing bids were received :
H a t e o f D is c o u n t .

Rogers* Newman & Tolman, Bos. 2*800
Curtis & Motley, B o s t o n ............2*b75
Bond & Goodwin, B o s t o n ......... 2*000

...

„

HAte o/

D is c o u n t,

f fras. W ell & Co.,Boston ........... a*ooo
F. 8 Moaaly * Co.. Boston ..........»s-noo
Erluerly A Crocker, Boston............ 3100

* And $3 75 premium.

Summit, N. J — Temporary Loan.—This township has is­
sued a note for $1,000 in anticipation of the collection of
taxes.
ToUenvlIle, N. Y.—Bonds Proposed.—The citizens of Tottenville have under consideration a proposition to issue water­
works bonds.
Yernon, lnd.—Bond Sale.—Water bonds to the amount of
$3,700, bearing 6 per cent interest, have recently been sold by
this municipality to Rudolph Kleybolte & Co. of Cincinnati.
Wabash, ln d .—Bottd Sale —The $13,500 of -Uj per cent
scbool-bouse bonds of the city of Waoash were awarded to
SeasoDgood & Mayer of Cincinnati for $13,736.
The following bids were received:
Seasongood & Mayer, Clncln .,lS.72fl 00 The I,anipreeht-Bros, Co..Clev,lS,070 SO
FarBon. Leach 4 Co., CUtcnsro 13,125 00 Campbell, Wild & Co„ Indi­
Rudolph Ktoybol! o k
(m . 13,713 80 anapolis................................. 13,885 00
Mason, Lewis A Co., Chic...... 13,685 00 Trowbridge A Co., Chicago... 13,543 00

The securities are of the denomination of $500 each, dated
July 1, 1897; interest is payable semi-annually and the prin­
cipal will mature at the rate of $1,500 per annum from July
W o ra lh a r, A M n alton. P o rtfa in d .ira -ro i E . H . GMr & Oo„ B o s to n .............Joa-890
Geo. A. f e n a J d i Co., B<MICm.,103T87 Ktnon, teach A Co„ N. Y .........10r820 1, 1800 to 1008, inclusive.
8 " a:; A B a rre tt, P o r tla n d ............ 102-ftiO I
W arren (Ohio) School D istrict.—Bond Sale,—On June 3,
1897, the $20,000 of school bonds of this district were awarded
The bonds were awarded to Woodbury & Moulton.
Staunton, To.—Bond Election.—The citizens of Staunton to Rudolph Kleybolte & Co. of Cincinnati for $20,917 and

INVESTM ENTS.

N E W LOANS.

INVESTM ENTS.

Investment Bonds

WHANN & SOHLESING-ER,

A d a m « C o u n ty , O h io , F u n d in g ........... . . . . . 4 s
A s t o r i a , O r e ., G o ld W a t e r ........................... 5 s
B r a d fo r d , P a ., C ity H a l l
......................... 4 »
C h a r le v o ix , M ich , R e fu n d in g ...... ..............5 s
C o lle g e P o in t . N . Y , W a t e r ...........................4 s
C o lu m b u s. O h io , F i f e D e p a r t m e n t ............4 s
C o lu m b u s , O h io . S c h o o l........ . . . . . . . . . . . . . 4 s
C o r o n a , N . Y ., S c h o o l . .. ............................... . .5 s
C o r s ic a n a , T e x a s , S e w e r . . . . ................
3«
D e s M o in e s . I o w a , F u n d in g ...............
4s
E a s t P r o v id e n c e , R . J „ F u u d . &r I m p . .. .4 s *
E lm ir a . N . Y ., S c h o o l........ ............................... 4 s
F in d la y . O h io , G e n . F u n d ............................. 6 s
F o r s y th C o ., N . C ., C o u r t H o u s e . . . . . . .......6 s
F r a n k lin C o ., K y ., B r id g e .................. .........6 »
J e n n in g s C o ,, ln d .. R o a d . . . . . . __ _ . .......5 s
M ic h ig a n C ity , l n d ., S c h o o l................... ... .. 5 »
N a p o le o n , O h io , S t r e e t I m p ...... ............ . . 5 s
N e w a r k , O h io , S c h o o l......................................5 «
N e w Y o r k C ity G o ld ....... .......... ......................3 ^ s
P lc r iu o u t, N. Y ., H i g h w a y . . ....... ........... . . 5 s 1
P o r ts m o u th , O h io . S c h o o l.............................. 4H *
S a n d u s k y , O h io , W a t e r . ...................... ....5 »
S t , P a r is , O h io , F i r e D e p t ......................i . . . . 6 s
T o le d o , O h io , S c h o o l . .. .. .. ...................... . . . . 4 s
N ile s , O h io , S c h o o l . .. ; . .. , . . . . . . . . . ___
5s
V e rn o n , l n d .. W a t e r . . . . . . . . . . . . . . . . ............ .. .6 s
FO R SA L E B Y

FOR

New York Savings Banks
and Trustees.
L IS T S

SEN T

U PON

M U N IC IPA L
BONDS.

A P P L IC A T IO N

MEMBERS OF BOSTON A N D N E W YO R K
STOCK EXCHANGES.

R. L. D A Y & CO.,
4 0 W a te r S tr e e t, B o sto n .
7 H s is a o S tr e e t, N ew Y ork.

NEW

W A L I, ST R E E T ,

M il l s

&

YORK.

B lan chard,

BA N K ER S.

NEW LOAN
** 1 Si 0 , 0

i

O

O

M U N IC IP A L

BONDS

B O U G H T A N D SOLD,

C IT Y O F

D c v o n u h lr e B u ild in g ,

QUINCY,

MASS., 4s.

F R IC K OX AFPL IC A T IO M .

10 S ta te S tr e e t, B o s t o n , M ass.

M U N IC IP A L BONDS.

Farson, Leach & Co., E. C. STANWOOD
C H IC A G O .

NEW Y O R K ,
‘J W a ll S i

1 1 3 D e a rb o rn S I,

$ 155,000

Territory
of New.....Mexico
5s,
I
nndA .
. ...
..

rT, ) ’r nml rftntrc»lk-cl by a m of the United
****** 1onterm*. PoptiiAtlon.
Accessed
Hjbt y - *•
emit." wS
rvmmxn e^ a u lf tirin g m bond* of the Government,
D i; K 1 0-*4O A N i) 2 0 -3 0 V E A R S .

^

and particulari upon application.

M A S O N , LEWIS <fe C O . ,
fU W K R K f»,
B O S T O N i W o r t h i n g t o n B i d s * 3 1 S u i t e S t.
CMI K U i O s 17 1 l , n S o li© H i.

&>

Co,,

BA NK ER S,

121 Devonshire Street,
BO STO N .
T .1STS S E N T U PO N A P P L I C A T I O N .

W . J . H a y e s & Son s,
B A N K E R S ,

DEALERS IN MUNICIPAL BONDS,
Street Railway Bands, and other hbrh-Krade in­
vestments.
BOSTON, MASS.,
C le v e la n d , O h io ,
7 Excharuie Place.
3 1 1 -.’i t 3 S u p e r io r S t .

t’.Jblf A d d r e s s .

" K K N X B T B .”

Rudolph Kleybolte & Co.,
4 7 E x c h a n g e P l a c e ,) W c tA I u n D /
4 1 W a ll S t r e e t ,
(N tV I V U K 5 ,

CINCINNATI, O.

N. W. HARRIS & CO.,
B A N K E R S,
3 1 N A S S A U S T . (B a n k o f C o m m e r c e B ld g .) ,

Government and
Municipal Bonds,
B r o o k ly n 4 s ,
C h ic a g o 4 s ,
C r a n sto n 4 s , ’
C oin in bun 4» ,
D a y to n 4 s ,

O FFER:
E v a n s v ille 5 s ,
G a lv e s to n 5 s ,
H a r tfo r d S c h o o l 4 b,
N e w Y o r k C ity 3J6>»
N ow Y ork S ta te 3 s.

SAFE INVESTMENTS.
SK N D

F O R

B lo d g e t, M e rritt & C o .,

C IS T

City and County Bonds.

BANKERS.

D I E T Z , D EN ISO N & P R IO R ,

16 Congress Street, Boston.

33

Old D U R E S S

H T ltK E T .

-

61* C e d a r S t r e e t ,

BOSTON,

1OW Sttn«rl«r Sir#©i* CieTeiand o.

J a m e s N . B ro w n & C o .}

STATE CITY k RAILROAD BONDS.

B AN K ER S ,
__ -

NEW Y O R K

MUNICIPAL. COUNTY, SCHOOL AND
TOWNSHIP BONDS

BOUGHT

AND

SOLD.

1153

THE CHRONICLE

J u n e 12, 1897.]

accrued interest. The following is a complete list of the bids at Sterling, and the principal will mature at the rate of $5,000
per annum, beginning with 1902.
receive d :
Whitestone, N. V.—Bond Sale.—The village of Whitestone
R u d o lp h K le y b o lte & C o.. C in .$ 2 0 .9 l7 00 F a r s o n , L e a c h & C o .. C h icag o .$ 2 0 ,7 0 5 00
W . J . H a y e s & S o n s, C l e v e . . . 20,914 00 F o u r t h N a t. B a n k , C o lu m b u s . 20,622 00 has sold $5,000 of 4 per oent 5-15 year gold bonds, $2,002 80
S e a s o n g o o d & M a y e r , C in ........ 20,865 60 J . B. W o r k s & Co., C l e v e la n d . 20,575 00 of 6 per cent 1-10 year sewer assessment bonds and $751 75 of
A t l a s N a t. B a n k . C i n c in n a t i. . 20,819 00 D ie tz , D e n is o n & P r io r . C le v e . 20,575 00
S. K u h n A S o n , C i n c in n a t i — 20.803 75 N . W . H a r r i s A C o., C h ic a g o .. 20,550 00 6 per cent 1-10 year sewer assessment bonds, to Walter Stan­
T h e L a m p re c h tB ro s .C o .,C le v . 20.7S9 00 S p i tz e r & C o.. T o l e d o .............. 20,227 00
T h e S o c ie ty f o r S a v .,C l e v — 20,760 00 J a s . W .L o n g s t r e e t & C o., B o s . 2 0 ,1 0 1 5 2 ton & Co of New York City.
Wilmington, Del.—Bond Offering.—Proposals will be re­
S. A. Kean of Chicago made a bid of 1 per cent for busines?. ceived until 12 o’clock noon, June 15, 1897, by J. Iv. Adams,
The securities are of the denomination of $500 each : they City Treasurer, for the purchase of the following bonds:
bear
per cent interest and will mature at the rate of $1,000
$75,000 of 4 per cent street and sewer bonds to mature as
per annum from Jan. 1. 1901 to 1920, inclusive.
follows: $37,900 October 1, 1925, and $37,100 April 1, 1926.
Waterrille, Minn.—Bond Offering.—Proposals will be re­
$15,000 of 4 per cent crematory bonds to mature at the rate
ceived until June 25. 1897, by G. P. Dolan, Village President, of $1,500 per annum from October 1, 1898 to 1907, in­
for the purchase of $12,000 of water-works and electric-light clusive.
bonds.
Woonsocket, K. I.—lemporary Loan.—The city of Woon­
West Alexandria, Ohio.—Bond Sale.—On June 1,1897, the socket has placed a loan of $85,000 with the Citizens’ Savings
city of West Alexandria sold $16,000 of 5 per cent water­ Bank of Providence. The loan was issued in anticipation of
works bonds to the People’s Banking Company of Lewisburg, taxes and will mature in five months from date of issue.
Ohio.
Worcester, Mass.—Loans Proposed.—The Finance Com­
Westfield. N. J.—Bonds Proposed.—Sewer bonds to the mittee has petitioned the City Council to authorize the fol­
amount of $30,000 will soon be issued.
lowing loans: $350,000 for a new city hall, $200,000 for
Whiteside County (111.) School Township No. 21 .—Bond street construction and $100,000 for street maintenance.
Sale.—The following is a complete list of the bids received
Wyandot County, Ohio.—Bond Sale.—On June 8,1897, the
for the $10,000 of school bonds of this township :
$125,000 of 6 per cent court-house bonds of Wyandot County
5 P . C.
P * P . C.
were awarded to the Atlas National Bank of Cincinnati for
B onds.
B onds.
There were 25 other bids received. The securities
P r e m iu m . $145,309.
P r e m iu m .
$851 85 are of the denomination of $635 each, dated June 1, 1897,
F i r s t N a t io n a l B a n k . C h i c a g o .................................
7()0 00
678 00 and will mature at the rate of $6,250 per annum from June
\V . J . H a y e s & S o n s , C l e v e la n d ...............................
.................. 1.378 00
1, 1898 to 1917, inclusive.
N . W . H a r r i s & C o ., C h ic a g o ....................... •.............
Yonkers, N. Y.—Bond Sale.—The following bids were re­
528 00 ceived on JuDe 9, 1897, by the city of Yonkers for the pur­
F a r s o n , L e a c h k C o., C h ic a g o ...................................
620 00
J a s . VV. L o n g s t r e e t & Co.. B o s t o n ......................... ..................
265 75 chase of $200,000 of tax-relief bonds.
D ie tz . D e n is o n & P r i o r , C l e v e la n d .......................
D . B . H e a r d ............... ......................................................

W a te r C o m m is s io n e r s o f Y o n k e r s ($ 2 0 ,0 0 0 )................................................................100*P60
B e n w e ll A E v e r i t t , N e w Y o r k ............. ............................................................................... 100 770
B la k e B r o s . & C o ., B o s t o n ..................................................................................................... 100-710
J a s . W . L o n g s t r e e t & C o.. B o s t o n ....................................................................................100-685
B. M o rr is o n , N e w Y o r k ($ 1 0 0 ,0 0 0 ).......... .......................................................................100-625
Y o n k e r s S a v in g s B a n k , Y o n k e r s ($100.000).................................................................100*510
C i ti z e n s ’ N a t io n a l B a n k , N e w Y o rk ($50,000 o r $ 75,000).................................... . 100*500

+ B id w ith d r a w n .

Farson, Leach & Co. also offered a premium of $55 for the
bonds bearing
per cent interest and N. W. Harris & Co.
offered par. less a commission, for the bends bearing 4 per ceDt
interest. The bonds were awarded to the First National Bank
Twenty thousand dollars of the loan was awarded to the
of Chicago at their bid of a premium of $851 85 for the secur­ Board of Water Commissioners of Yonkers and the remainder
ities bearing 4% per cent interest. The bonds are of the den­ to Benwell & Everitt. The securities bear interest at tbe r a t e
omination of $500 and $1,000; the interest is payable annually of 4 per cent, payable s e m i - j D n u a l l y , and mature May 1,1899.

FINANCIAL,

IVIISCELLANEOUS.

Haight & Freese,
NEW Y ORK, 53 BRO AD W A Y ;
B O ST O N , 8 5 S T A T E S T .:
P H I L A D E L P H I A , 40*2 W A L N U T S T .
S to c k s , B o n d s , G r a in , C o tto n , P r o v is i o n s
b o u g h t a n d s o ld f o r c a s h o r o n m a r g i n o f 3 t o 5 p e r
c e n t. C o m m is s io n 1-16.
W r i t e o r c a ll f o r o u r “ 4 0 0 -P A G K S E C U R IT Y
M A N U A L ” , c o n ced ed by B anks, th e P re ss a n d
B o a rd s o f T ra d e th ro u g h o u t th e c o u n try to b e th e
m o s t c o n d e n se d a n d s ta tis tic a lly r e lia b le p u b ­
lic a tio n e v e r is s u e d b y a n y B a n k in g H o u s e . G iv e s
r a n g e o f p r ic e s o f s to c k s , w h e a t a n d c o t t o n f o r t e n
t o t h i r t y y e a r s , e n a b li n g i n v e s t o r s t o o p e r a t e o n
t h e i r o w n j u d g m e n t , b a s e d o n f a c t s t o b e f o u n d in
t h e M a n u a l, w h ic h is i n v a l u a b le t o b u s in e s s m e n
g e n e r a l ly , e n a b li n g a n y o n e t o I n v e s t m o n e y , k e e p ­
in g t h e p r in c ip a l i n t a c t a n d m a k e It p a y a n in c o m e ..
IS S U E D G R A T IS A N D M A IL E D F R E E .

D E T E R M IN IN G T H E F IN A N C IA L R E ­
S P O N S IB IL IT Y OK T H E F I R M W IT H
W H IC H YOU D E A L IS AS IM P O R T A N T
AS S E L E C T IN G T H E R IG H T STO C K S.
N e w Y o rk , B o s t o n a n d P h i l a d e l p h i a N a t io n a l B a n k
R e f e r e n c e s F u r n is h e d .

UPTOW N

O F F IC E , 1 ,1 3 2 B R O A D W A Y .
P R IV A T E W IR E S.

1850.

1897.

The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
A ll p o licies n o w is s u e d by th is C om pany
c o n ta in th e fo llo w in g c la u s e s :
“ A f te r one y e a r fro m th e d a te ol issu e,
th e li a b il ity ol th e C o m p a n y u n d e r th is
p o l i c y s h a l l n o t b e d i s p u t e d . ’*
T his
policy c o n t a in s no r e s t r i c t i o n
w h a t e v e r upon th e in s u r e d , in resp ect
e ith e r o f tra v e l, resid e n ce o r o cc u p atio n .”
A ll D e a t h C l a i m s p a i d W I T H O U T D 18.
C O U N T a s soon a s s a tisfa c to ry proofs have
b een rece iv ed .

A c t i v e a n d S u c c e s s f u l A g e n t s , w i s h i n g to
r e p r e se n t th is C o m p a n y , m a y c o m m u n i­
c a te w i t h th e P r e s id e n t, a t th e H o m e
O ffice, 2 6 1 B r o a d w a y , N e w Y o r k .
o f f ic e r s :
G E O R G E H . B U R F O R D ....................P r e s i d e n i

B A N K E R S
W ALL

18

STREET,

NEW

YORK

Established 18(55*
M E M B E R S O F N E W YO RK STO CK E X C H A N G E
A llo w i n t e r e s t o n d e p o s it s s u b j e c t t o s i g h t c h e c* •
B u y a n d s e ll o n c o m m is s io n s to c k s a n d b o n d s • l t b e ’
f o r c a s h o r o n m a r g in , a n d d e a l in

C. P . F R A L E I G H ..........................
S e c re ta ry
A. W H E E L W R I G H T ..................... A s s i s t a n t S e c r e t a r y
W IL L IA M T . S T A N D E N ...............
A c tu a r y
A R T H U R C. P E R R Y ................................................ C a s h ie r
J O H N P . M U N N .......................................M e d ic a l D ir e c to r
FINANCE COMMITTEE.G E O . G . W I L L I A M S ................P r e s . C b e m . N a t. B a n k
J O H N .T. T U C K E R .......................................................B u ild e i
E . H . P E R K I N S , J r ., P r e s . I m p . & T r a d e r s ’ N a t. Bk
J A M E S R . P L U M ........................................................ L e a th e r

Investment Securities.
II. J . M o h s *. ( has . D . Ma r v i n . w . m . K id d e h

MORTGAGE LOANS
NO

F.

J.

Picard,

C O N S U L T I N G

E N G I N E E R

C O LU M BUS, O H IO .

TEXAS.

Examinations and Reports Made fot
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties-

C O M M IS S IO N S c h a r g e d b o r r o w e r o r lende>
u n t il l o a n s h a v e p r o v e n g o o d ,

FR A N C IS S M IT H Ac CO.,
HAN A N T O N IO . T E X A S .

Edward I. Rosenfeld,
M U N IC IP A L
H ig h -G rad e

S E C U R IT IE S .

W a rra n t*

a S p e c ia lty

W r i t e f o r L is t.

No. CO Broadway, New York.
A c t iv e a n d L o c a l S e c u r i t ie s b o u g h t a n d s o ld t o ad
v a n t a g e . A t l a n t i c M u tu a l S c r ip . C ir c u la rs .

J. P. Wintringham, 36 Pine St., N, Y

An Old Favorite 'With New Features.

THE

LIVING AGE,

F o u n d e d b y E . L i t t e ll In 1 8 4 4 .
I n 1896 t h e s u b s c r i p ti o n p r ic e o f T h e L i v i n g A g e
w h ic h h a d b e e n E i g h t D o lla r s a y e a r , w a s r e d u c e d t o
S ix D o lla r s . T h e e ffe c t o f t h i s c h a n g e w a s t o a d d
h u n d r e d s o f n e w n a m e s t o t h e s u b s c r i p ti o n l is ts .
E n c o u r a g e d b y t h i s r e s p o n s e t h e p u b l is h e r s n o w
t a k e p l e a s u r e In a n n o u n c in g s e v e r a l n e w f e a t u r e s o f
i n t e r e s t w h ic h t h e y p r o p o s e t o i n t r o d u c e . T h e s e
i n c lu d e

F i r s t , t h e publ* a t i o n o f o c c a s i o n a l t r a n s ­
la tio n s from th e F re n c h , G e rm a n , S p a n ­
ish a n d I t a l i a n r e v ie w s anil m a g a z in e s .
S e c o n d , t h e a d d i t i o n of a M o n t h l y S u p p l e ­
m en t co n tain in g
th ree
d ep artm en ts,
n am ely :

Readings From American Magazines.
Readings From New Books.
A List of Books of the Month.
T h e p r o p o s e d S u p p le m e n t w ill a d d a b o u t t h r e e
h u n d r e d p a g e s a n n u a l l y t o t h e m a g a z in e , w i t h o u t
a n y a d d e d c o s t t o t h e s u b s c r ib e r s .
P u b l is h e d w e e k ly a t $6.00 a y e a r.

B3^“ To N e w S u b s c r i b e r s f o r t h e y e a r 1 8 9 7 ,

IN

I n t e r e s t 7 P e r C e n t N e t*

M ISCELLA N EO U S.

REFEREN CES

SEN T.

r e m i t t i n g b e f o r e J a n u a r y 1, t h e w e e k ly n u m b e r s o f
1896 i s s u e d a f t e r t h e r e c e i p t o f t h e i r s u b s c r i p ti o n s
w ill b e s e n t G R A T I S .
A d d ress

THE LIVING AGE COMPANY,
P . O. B o x 520(5. B o s to n .

SECU R E BANK VAULTS

Jos. O. Osgood,
M . A M . SO C . C. E .,

l!AO B R O A D W A Y , N E W Y O R K

REPORTS ON INVESTMENT PROPERTIED.
GENUINE
WELDED CHROME STEEL AND IRON
Railroad Location and Construction.
R o u n d a n d F l a t B a r s a n d 5 - p ly P l a t e s a n d A n g le s

R. T Wilson & Co.,
BANKERS

33

AND

W all

C O M M IS S IO N

S tree t,

N ew

M ERCHANTS

Y ork.

F O R S A F E S , V A U L T S , &c.
C a n n o t b e S a w e d , C u t o r D r ille d , a n d p o s it iv e l y
B u r g la r P r o o f .

CHROME

STEEL

W ORKS,

K e n t A v e ., K e a p & H o o p e r S ts .
S o le M a n ’f ’e r s In t h e U. S. B R O O K L Y N , N . Y .

THE CHRONICLE.

1154

f Vol * IX IV .

IBauhevs an d £$rolvevs <*>nt of H em ^ovU.
ST- LO UIS.

PHILADELPHIA.

PITTSBURG.

N. Holmes & Sons,
t*,%N§4

ST A H L & STR A U B,
INVESTMENT BANKERS,

New Tor*. N. It, A.
uoiml Itattk of PbliidllpblS.
I* t T T t» W I U €i »

118 S O U T H

f. Mellon 6c Sons’ Bank,
P IT T S B U R G H , PA .
•IB H K K A t. H A N K IN G . CO l.I.B t'T IO W S ,
1 N V KMT H KKT*

P H IL A D E L P H IA .

E.

W. C la r k
N o.

&

Co.,

C H IC A G O , I E E S .
New York Stock Kxchaaiie, Chicago
UK ) EjtcsbjMina suet CbiCnKii Board of Trade.

amieson & Co.,
S T O C K S —B O N D S ,
Member* New York and Chicago Stock Exchange*.
1 6 9 I.A S A L L E S T R E E T ,
C h ica g o . H I*.
Pr«v/i!« wire to New York and Philadelphia,

Loeb

&

G a tz e rt,

Transact a general banking business. Allows
Interest on deposits.
Members of the Philadelphia and Now York Stock
Exchanges, and connected by private wire with
New York.

Edward B. Smith & Co.,
B U IL D IN G ,

PH ILA D ELPH IA .
Members Phita. and New York Stock Exchanges
W . G. H o p p e r .

11. S. H o p p e r *
Members of Philadelphia Stock Exchange.

Wm. G. Hopper & Co.,

SOUTHERN.
W illiam W ilson & Sons, Established 1802.
W ilson , Colston & Co„
“
1867.

Wilson, Colston & Co.,
Members of BaUimoye jftock Exchange,

ESTABLISHED IN
WrnMimM m. G e n e r a l

IM ® .

H a n k i n g

Itun laceM

•flMfiiMwfi©if*tfrrsgr special Arrinmoif,
StAttD#

INVESTMENTS.

John W. Dickey,
BR O K ER..

Fred. M. Smith,
TO W OPTII S T R E E T .

N EW

YORK,

Mlltitr *11 k in d * o f H a c tn iflc j
» n d B o n d s th o r o u g h l y « d
r e r s w h e n I t Is k n o w n t n e
tn ti a to b u y e r.

BANKERS AND BROKERS,

D ealer

in

C incin nati B o n d s .

Hand-Book of HR. Securities.
Sange of Prices to Jaa. 1 ,1897.
P ric e in l i e d L e a t h e r U o v ers,
T o S u b sc r ib e r s of th e C h ro n ic le,

-

S I 00
75

SPECIAL KATES FOR QUANTITIES.

WILLIAM B. DANA COMPANY
7 0 ® P I N E S T ., N . V .

BOUGHT AND OLD.

CLIN TON G IL B E R T
a

W ALL

S T ..

NEW

YORK.

A. Strassburger,
STO CKS

& BONDS B R O K E R

SOUTHERN INVESTMENT SECURITIES,'

A U G U S T A , G E O R G IA .
S E C U R IT IE S

D av e n p o rt & Co.,
B A N K E R S

AND

R IC H M O N D , V I R G I N IA .

C. W. Branch & Co.,
BANKERS AND BROKERS
S t a t ic R a n k

Montgomery, Ala.
REGISTERED PRIOR LIEN BONOS

WM. FRANKLIN HALL,

Accountant

B R O K E R S ,

Richardson & Clark,

C#mtMrd*.l Paper, Bond*, Stock* an d
Local Securities.

Irw in , E llis & B a llm a n n ,

Investment Brokers,

ESTABLISHED I860.
HOWAItn I.KK CLARK
Correspondence solicited and information fur­
nished about Southern State, Municipal and Rail
road Investment Securities.
Reference—Bank of New York N. B. A.

BANKERS,
5 LvelianRi; Street, Providence, R. 1

M U N IC IP A L BONDS.

High-Grade City, County Town and School Bonds,
isued in leading prosperous States of the Union.
ispeci&Uy adapted for safe and permanent investnen fnr Estates and Trust Funds.

and TrustC om panyStocks
J-P. ANDRE’ MOTTU & CO. 3an*New
York and Brooklyn

SOU TH ERN

BA N K 15K S.

S easongood & M ayer,
S . W , C orn er T h ird and W a ln u t S tr e e ts,
C I N C I N N A T I , O H IO .

fptsccU ancons.

M ISC ELLA N EO U S.

P O E T L A ID , O R EG O N .

C IN C IN N A T I.

Special attention given to PHILADELPHIA
STOCKS and INVESTMENT SECURITIES.
P. O. Box 1348.
Local telephone 163.

C O M M E R C I A L PAP ER- SOUTHERN

Ladd & Tilton,

S T . L O U IS ,.

N o . 3*7 E a s t T h ir d S t ., C in c in n a t i, O h io .

NORFOLK, V A .

154 La S alle St.. Chicago, ML

3 0 0 N ortli F o u r t h S tre e t,

STOCK AND BOND BROKERS,

2 1 0 E a s t B a ltim o r e S tre e t* B a lt i m o r e .
Investment and Miscellaneous Securities a spec­
125 L A S A L L E S T R E E T , C H IC A G O . ialty, and whole issues handled.
Exceptional facilities for dealings in all classes of
Vir*t -Morig-age* for sale In laaroiiod small amounts, Southern Bonds. Loans on Collateral Securities
aetJMnif investors 5,
and 6 per cent, secured bv negotiated,
Improved and meomcr-bearlDfrCnicaieo city property.
P rin c ip a l mid I n t e r e s t Payable? In G o ld .
COHUBS PONDENCB SOLICITED.

<lNr.lK^r.'RAT*»l

BOND AND STOCK B K O K E U S ,

258 South Third Street, Philadelphia.

MORTGAGE BANKERS.

A. G. Becker & Co.,

m o.
Ch arles H ough a h .

P H IL tO IiL F H lA .

B O U R SE

1 1 5 -1 1 7 I,A H A I.C K H T K K E T .

lo in s ,

.

W h ita k e r & H o d g m a n ,

H A W S E S AN1) BROKHRS,
1 3 9 S o u t h I ’o u r l l i S t . ,

BANKERS AND BROKERS,

H A N K E B S A N B I tK O K E ltS ,

S tock B r o ker s .

3 0 5 l ’I N E STK JE K T .

STREET,

C H IC A G O

\ . O. Slaughter & Co.,

and

st

Whitney & Stephenson,
o id « t I’utoMir# Mooibarv N. y. Su>ck Krchntwe

B ond

Street Railway Securities a Specialty.

ffii>w a r d s W h i t a k e r ,

PA .

HASH Kit* A SO UU0KK88

C ra w fo rd & S o n .,

(O K K X K I, B O H ,D IN G ).

KSPTA»LlS.H*t» 18T1,

\... 57 K O liliTH AVENUE.

F IF T H

j. E.

iu t iu h n o

BOSTON, MASS.
Books audited. Examinations and investigations
conducted with the utmost care and efficiency.

FI LE

COVERS

HOLDING ICHRONICLH AND AT.L SIJJPri/K;m b n t s f o r s ix m o n t h s .
AM O)

SPBCtAI. FILM 0 0 v m FOR THIS

iaoppjneM BNTS,
H I C H M O N D , V A .
PrirMo wire? connecMnif with Washington, BiMtl. C an bo h a d a t o ilie r f o r 5 0 eenti* o r m a ile d
PlillfwJelpliIji.Nw York, Boston and Chicago.
fo r 0 8 c o a t* .
N.w York Correspondents: Messrs. DadenburK
rbaloinnn &, Co. and Lehman Bros.
WILLIAM B. DANA COMPANY.

Austin R . Myres,
S A V A N N A H . H A /

BOND AND STOCK BROKER.
Real Estate Loam.

70U

” ‘a e S t r e e t , N ev. « orK .

T H E F IN A N C IA L R E V IE W
ANN1IA1. 1 8 9 7 .
Price *2 on. To Chronicms Subscribers, *160.
WILLIAM B. DANA COMPANY,
Pine S t- N. Y