Full text of Commercial and Financial Chronicle : June 19, 1897, Vol. 64, No. 1669

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Quotation Supplement (Monthly)
investors Supplement (quarterly)

Street Railway Supplement (&&$
State and City Supplement

[E n te re d ao o o rd ln g to A ot o t C ongress, In th e y e a r 1897, b y th e W il l ia m B. D ana Co m pa n y , tn th e offloe of th e L ib ra ria n o f OongTesa,

VOL. 64.

SATURDAY, JUNE 19, 1897.

3 J lte

Week ending Ju n e 12.

C to u ic le .

P U B L IS H E D

C le a r in g t a t —

W EEK LY.

Terms of Subscription—Payable in Adrance :
F o r O ne Y ear........................................................................................$ 1 0 0 0
F o r 8 ix M onths............................................................................ .......
6 00
E u ro p ea n S u b sc r ip tio n (in clu d in g p o s ta g e )......................... 1 2 0 0
E u rop ea n S u b scrip tio n S ix M onths (in clu d in g p o sta g e ).
7 00
A n n u a l S u b scrip tio n in L o ndon (in clu d in g p o s ta g e )___ £ 2 10s.
S ix M os.
do.
d o.
do.
___ £ 1 10s.
T he I n v e s t o r s ’ S u p p l e m e n t w i l l be fu rn ish ed w ith o u t e x tra ch a rg e
'< e v e r y a n n u a l s u b s c r i b e r o f t h e C o m m e r c i a l a n d F i n a n c i a l
C h r o n ic l e .
The S t a t e a n d C it y - S u p p l e m e n t w i l l a l s o b e f u r n i s h e d w ith o u t
e x tr a c h a rg e t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
T he S t r e e t R a i l w a y S u p p l e m e n t w i l l l i k e w i s e b e f u r n i s h e d w ith 
o u t e x tr a c h a rg e t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
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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 th e C h r o n i c l e .

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S ix M onths
(26 “ ).. 4 3 00
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(4 t im e s ) .. 11 0 0
T w o M onths
(8 “ ) . . 18 0 0
T w elv e M onth s (52 “ ).. 5 8 0 0
(The a b o v e te r m s fo r o n e m o n th and u p w a rd are fo r s ta n d in g cards.)

London Agents:

B . D A N A C O M P A N Y , P u b lis h e r s ,

P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,
P o st O f f i c e B o x 9 5 8 .

n e w

YORK.

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses
of the United States for the week ending to-day, June 19,
have been $1 , 0 4 0 833,703, against $1,021,779,725 last week and
$1,024,663,399 the corresponding week of last year.
C l e a r in g s .
R e tu r n s b y T ele g ra p h .

W e e k E n d i n g J u n e 19.
1897.

1896

P e r C e n t.

N e w Y o r k ......................... ...........
B o s to n
........................................
P h i l a d e l p h i a ..................... .............
B a ltim o r e
..................... ...............
C h ic a g o
............................- ...........
8 t . L o u i s ................. .....................
N e w O r l e a n s ..................................

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

$ 5 0 7 ,5 0 7 ,7 5 5
0 0 ,4 8 8 .1 8 2
5 5 ,7 8 1 ,1 9 2
10,772,1*04
7 6 .0 3 9 .7 6 8
2 0 ,0 2 8 ,9 2 0
0 ,2 0 2 ,7 3 1

+ 0 -1
+12*5
-9 -9
+ 6 -4
-8 -4
+ 3 1 -9
—1 5-2

S e v e n c i t i e s , 5 d a y s ............
O t h e r c i t i e s , 5 d a y s ............. ..

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

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

+ 0 -4
+0*9

T o ta l a ll c itie s , 6 d a y s . . . .
A ll c itie s , 1 d a y
.... .......

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

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

+0*5
+ 7 -5

T o ta l a ll c itie s fo r w e e k .

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

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

+ 1-0

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 12, and the results for the oorrespouding
week in 1896, 1895 and 1894 are also given. Contrasted with
the preceding week, there is an increase in the aggregate
exchanges of about seventy-eight million dollars, and at
New York alone the gain is seventy-two millions. In com
parison with the week of 1896 the total for the whole country
shows an increase of 7*0 per cent. Comnared with the week
of 1895 the current returns record a decline of 1*8 per cent,
and the excess over 1894 is 21*3 per cent. Outside of New
York the gain »ver t896 is 1*2 per cent. The decrease from
1895 reaches 3’9 per cent, and making comparison with 1894
the excess is seen to be 8’7 per cent.

1897.

1898.

*

$

1897.

P . Oent

1895

$

1894.

590,078.41
6 4 .62s.12r
14,104,90*
11,517.97'
4,421 72r
1,980, 91
1.494.77S
90 1 ,9U
725,661
7 0 s 69f
377.8UG
694,658,190

<13 9I 3.939
53,508.199
12.1CH.73B
18.617 575
3,779.607
1,080 138
1.316 742
880,085
021 748
656,240
389.100
531 877,178

91.818 680
5,892 20(
2.097 721
1.474 85)
1.038 735
1,208.300
1,203,810
633.55i
804,400
458,204
10.150,382

79 233,895
4 790.500
1.970 50S
1.521,597
1.219.273
1.289,107
1.197,021
074,401
563 080
4 10.510
92.897,221

88,091 882
13.749 U0U
0 189.15£
6.278 54£
4 039 011
4.010 000
1,472.392
1,828.04-1
1.5>a.37t
827.60*

82.799,353
12.101,600
5,172 881
5.110,885
4,619 297
8.113 30 0
1.378,278
1,118.325

310.534
503,710
283,144
263, i8 t
827,987
273 703
163.78?180 080
131.555.009

314,037
258 253
224.987
105,289
253.772
228.207
143 541
104 515
118 033,522

+0*4
—12*6
+09
-f-5'3
—6*2
—35 1
+24 3
—2 2 3
—33 1
+2*2

14,010 941
1.(-20,790
1,154 258
1,145.0*3
002.1-30
550 000
425,302
176 925
62367
19,138,010

13,005,9P1
1.224,790
797.323
824,376
421.740
524.121
178.130
125 496
125,960
7,287,929

9,217,989
7,291,145
4,882.296
4,794.942
2.572.953
893.010
1,026.839
843.358
500.081
338.439
402,750
296,238
03,010
72.985
33,041,202

+8*3
—3*9
-8 0
-3 2 1
—1 5 0
—12*0
+7*5
+21*8
+ 2 7 ’2
—0*3
-5 * 3
+4*0
+21*1
+300
-4 * 0

10,15fl 134
0 832 0*0
3 ,i9 l 859
4 ,4 00+ 04
2,955,827

8 907,599
6.110.481
5 283,194
3.912 442
2.070,159

1,203 766
932,031
470.734
299.139
411,788
401.008
59,048
63,832
31.420,180

1,450,551
965,906
035,181
849,497
320,377
343 821
105.854
86,750
31,153,372

22,023.380
0.985,543
4,914,803
1,465.950
1.688.164
1,411,279
2.072 540
1,938.816
1,013,130
1,005.279
871.407
878.700
413.227
715,757
500.000
367.830
450.495
293.749
285 469
194.997
49.520.575

+11*1
-1 3 * 4
+13*1
+ 3 5 -3
+70
+4*1
-3 * 4
—23*7
+10*0
+ i-i
+19*3
-1 3 * 4
— 11*0
-0 * 3
+13*0
+38
—12*7
—5*5
-2 6 * 7
+22*1
+5*0

24 714 064
7,490,435
0,948.086
1,730,132
2,032 453
1,78* 482
2,479.082
1,490.079
1,118 4H0
975,737
933.510
935,046
542 900
700 000
450 • 00
820,009

33,518.000
6,801 929
6.002 877
1,749 740
1,0 2 s 994
1,3- 1,723
2,196.020
1,884 131
801.554
990 328
816,510
818,190
623.962
760,000

New Y o n ..
Philadelphia. ..
Pittsburg..........
Baltimore...........
Buffalo.... ........
W ashington....
Rochester...........
Syracuse.............
Scranton.............
Wilmington...... .
B ingham ton....
Total Middle..

589.049.32S
52,339,48c
15,052,75c
13,230,732
4,10 .236
2,301,61:.
1,592,87:
989.512
771 03]
649,8 d
321,800
680,402,25a

527,089.980
50,048.375
13,120.19:
13.838.09v
4,397,071
1,942,611,026,235
943,02;797,02(
69 8 .y i7
453.000
822.934,837

Boston....................
Providence............
Hartford................
New Haven. ........
Springfield.............
Worcester..............
Portland.................
Fall River.............
L ow ell....................
New Bedford........
Total New Eng..

98.444,448
4,833.20(
2,191,531
1,476 91(
1,359.652
1,367 537
1,223.465
852.491
60 1 + 7 2
444,036
112,794.049

87,759,878
S,140,60(
2,489,081
1 608.897
1,322.17*
1,237 001
1,2 1.8 7(
732 317
505.082
102.703.883

+10*5
-4 * 6
+10*4
-1 4 * 2
-1 2 1
+9*8

Chicago..............
Cincinnati.........
Detroit...............
Cleveland.........

85,011,612
1 2 .9 4 9 .IK
6.004.535
0,026,0X5
4,072,216
3,420,706
2.530,042
1, 200,116
1.692.815
0 ; 5.925
630,275
810.372
230.000
303,736
292,rfOC
204.254
254.752
149 941
170.000
125.771.069

86,193,725
11,90) 45C
5,972,10a
0.5O7.77C
4,994 21C
3,752,401
2,207.156
1,488 O il
1.34 ..207
774,73C
624.146
301.580
27O.00C
261,492
28-t90lJ
242.514
297 534
177,245
ldO.OuO
127.690.130

—1*4
+8*C
—5*1
—7*4
—)8 '5
-8 7
+14 0
-15*2
+18 4
—12*8
+19 4
+2 9
-1 4 t
1-16*1
+0*9
-1 5 * 8
—14*4
—15*4
+6 2
—1*4

San Francisco..
Salt Lake City..
Portland............
Los A n g eles....
Tacoma..............
Seattle...............
Spokane............ ,
Fargo.................
Sioux Falls........
Total Pacific.,

13,638.129
1.354,072
1,220,47a
1,230.002
430,745
571,541
592,550
100.979
51.041
19,255,538

12,812,483
1.5 0.538
1,209.747
1.168 028
459,120
880 334
470.720
214,784
70,278
18,818,030

Kansas City..........
Minneapolis..........
Omaha....................
St. Paul..................
D enver...................
Davenport.............
St. Joseph ............
Des M o in e s........
Sioux City.............
Lincoln...................
W ichita..................
Topeka....................
Fremont..................
H astings................
Tot. other W est

9,983,197
7,005.517
4 442 072
3.256 238
2,202,177
010,203
1,102,060
1,027.035
044,269
337,498
438.398
306.995
70.338
94.849
31,527,884

S t. L o n l s ....................
N ew O r l e a n s ............
L o u i s v il le ..................
G a l v e s t o n ..................
H o u s t o n ....................
S a v a n n a h .................
R i c h m o n d .................
M e m p h is ................... .
A t l a n t a . . . . .................
D a lla s ..........................
N a s h v i ll e ....................
N o r f o lk ........................
W a c o ..................... .
F o r t W o r t h ...............
A u g u s t a .......................
B i r m i n g h a m .............
K n o x v i l l e ...................
L i t t l e R o c k ...............
J a c k s o n v i l l e .............
C h a t t a n o o g a .............
T o ta l S o u th e rn ..

24,603,555
6 062 550
5.593.827
1,9»3.000
1.806,687
1,468,857
2.001.192
1,478,624
1,181,539
1,050.000
1,039.706
759,057
305 007
670.405
568.190
381,800
38% 195
277,058
209,622
237,707
51.980,590

Total a ll...............
Outside N. York.

021.731 388

954,710,723

+ 7 -0 L,040.820 214

842,180,010

432,082.000

427.640,737

+ 1 -2

T 6 0 ,141,800

898.202,077

+28*7
+19 0
+3 3
+803.
-1 8
+11*2
+22 8

12.924 650
6,016 302
1,302 374
8 0 ",c-08
741,548

10.793 021
5 090+85
1.007,461
793 078
054,113

22,504,443

18,338,758

M il w a u k e e .........

M essrs. E d w a r d s & S m i t h , 1 D rapers’ G ardens, E . C.. w ill ta k e su b 
s c r ip tio n s an d a d v e r tis e m e n ts , a n d su p p ly s in g le c o p ies o f th e pap er
a t I s. each .
W IL L IA M

NO. 1,669.

Columbus.........
Indianapolis ...
P e o r ia ...... . .. .
Toledo................
Grand Rapids..
Dayton...............
L exington.........
Saginaw.............
Kalamazoo.........
Akron................ .
Bay City.............
Rockford............
Springfield, Ohio...
Canton............
Tot. Mid. W est’r,

Montreal................
Toronto ................
H a l i f a x . .....................

W lnnlpec............. .
H am ilto n ...............
St . John...................
Total Canada......

18 008 834
7,916.255
1.139.078
1,252 7<7
049.433
007,302
25,292.038

711.7,0]

10 6 2 3.97)
6,051.715
1,102 944
901,344
661. ISS
600,000
20,001,1501

+11-6

- 9 -!
+ 14*r

—4*-

-0 +18t
-2 3
+4*S
—3-J
—73
—29*1
+9*2
+12*3
—0*J
— 11-5
—8*5

+2S

408.903
302,130
218.555
65,586.985

709,152

210,519
426,087
188547
50,338,397

THE CHROMCLE

lio6

THE FI XAXCJXL

S IT U A T IO N .

The conspicuous event of the week has been the
signing of the Hawaiian annexation treaty and its
transmission by the President to the Senate. This
action has caused great suprise, notwithstanding
there have been rumors that, it was under considera
tion. Annexation would seem to be a wide departure
from the polit y this country has heretofore pursued;
that circumstance alone will no doubt secure for the
treat’, very deliberate consideration before it is acted
on, if there is any likelihood of its being ratified.
Our people should first be enlightened as to the sup
posed advantages the United States is expected to de
rive from the acquisition, and then they ought to face
with eves wide open the responsibilties and risks it
will entail, the chief of which are patent to all. The
better opinion seems to indicate that the convention
will not be passed upon at the extra session of Con
gress. The announcement consequently has had no
effect on Wall Street values or business affairs, though
tin* temporary cheek the stock markets met with on
Wednesday, which was due to an attempt of operators
to break the. market, was most likely induced in part
by a knowledge or belief from the rumors current that
the treaty was to be sent to the Senate the day fol
lowing.
Excepting the treaty proposal, there has been no
occurrence that has had any unfavorable influence on
affairs. The suicide of Barney Barnato, the South
African “ Diamond King", was presumably an event
of a character to greatly disturb European markets,
especially the London market, and thus to have ex
erted an adverse influence on Stock Exchange values
here; but up to this date it lias bad very little effect any
where. All other developments seem to have been of
a favorable nature. The weather has admirably suited
the condition of the crops, and a good growth has
followed : accounts as to the situation of spring wheat
afford assurance of a prosperous outlook. Corn in the
surplus States is doing well; and the cotton plant is in
a much better shape than it was on the first of June.
Of almost equal importance is the fact that rapid prog, less has likewise been made with tariff legislation.
All the schedules about which the forebodings were
most numerous have been agreed upon and passed,
and it- seems now as if the end was almost in sight.
When the finish is reached the relief to industrial
interests will he most decided. As it begins to look as
if ii was nearing, can any one be surprised that genend buoyancy should be the prevailing feature ?
The Cleveland Cincinnati Chicago & St. Louis this
week, as expected, passed the dividend on its preferred
stock. In commenting a few weeks ago on the reduc
tion- in the dividend of the Chicago & Alton, we
referred to the event as striking evidence of the trying
conditions with which the railroad industry is having
to contend. The passing of the preferred dividend
of the “ Big Four ” is a yet more striking illus
tration to the same effect. The company is one
Of the Vanderbilt-Morgan, properties, and Mr. M.
E. Ingalls is the executive head of the enterprts
Thc amount of the preferred stock is only
$ 1 0 , 0 0 0 , 0 0 0 , and regular 5 per cent dividends have
been paid <>nt it ever since the organization of the
present com]pan> in 1889. The company, as will he
remembered
a consolidation of the old Cincinnati
Intliirnapoli? >t. Louts & Chicago and the Cleveland
Cc nibus ( iiH’innati & Indianapolis. Before the con

[V o t; LX1V.

solidation Mr. Ingalls was the President of the firstnamed company, and it was in the administration
of that property that he gained his high reputa
tion as a railroad manager, he having brought the
road up to a point where the stock was regarded as an
assured dividend payer. In the consolidation this
stock was exchanged for the preferred stock of the
present company, and that seemed to strengthen the
assurance of continued dividends. For the consoli
dation made possible the concentration of traffic and
the adoption of increased economies in operation, be
sides opening up new avenues of business. The bene
fits of the arrangement soon became evident, too, for
in 1890 the consolidated company was able to
pay 4 per cent dividends on its common stock, now
amounting to nearly 28 million dollars, and thereafter
3 per cent was paid on it for several successive years.
But dividends on this common stock came to an end
in 1893, and now the preferred stock also passes off the
list. And yet in face of such a situation, showing soclearly that our railroads are on an unprofitable basis,
onr lawmakers hesitate about allowing the roads to
enter into arrangements, sanctioned by law, for main
taining fair and reasonable rates.
The subject of trusts and combinations appears tobe attracting nearly as much attention in Germany as
it is in the United States. Mr. Fritz Kdnig of Dres
den has sent us an extract from one of the German
papers giving an outline of a decision of the Reichsgericht in a case involving the legality of contracts for
the regulation of prices and production. The decision
is of interest in this country as showing the views held
by the Judiciary in Germany oil this all important,
question. The Reichsgerieht is the highest tribunal
in the Empire, occupying the same position rela
tively in Germany as the United States Su
preme Court in this country.
The Reiehsgericht holds that trusts, price agreements and
other similar combinations are binding.
More
than that, from the language of the decision it is evi
dent that the Court regards such arrangements as
beneficent agencies in modern commerce. When in
any industry, the Gericht says, prices drop so low as
to jeopardize or make impossible jrrofitable results in
that industry, the consequences threatened must be
harmful, not alone in that industry, but to the whole
community. Obviously, therefore, it is to the public
interest that a situation where unduly low prices may
permanently obtain shall not he allowed to develop.
The Court notes, too, that the lawmakers have often
attempted to advance the values of certain products
through the adoption of a system of tariff duties.
Hence it cannot be regarded as opposed to the
general welfare when those interested in a special
branch of trade combine with the view to
averting or modifying the effects of unbridled compe
tition. On the contrary, when values really drop so
low as to threaten disaster to an industry, such combi
nations are not only justified but they are a wise pro
vision in the interest of the whole community. For
many reasons consequently the formation of syndicates
and trusts must be looked upon with favor as a means
calculated, when reasonably applied, to promote the
industrial welfare, such agencies being peculiarly
adapted for preventing over-production, with the losses
and other disasters involved in the same.
Mr. Kdnig in sending us this extract, which we have
translated as above, adds that, there is some feeling of
antagonism against capital in Germany, the same as in

J une 19, 1897.]

THE CHRONICLE.

1157

this country. This feeling, however, he says, does not of £551,000 net from the interior of Great Britain
prevail among the laboring or farming classes, or and to the export of £135,000, of which £75,000 went
rather among the peasantry. It is confined mainly to to Russia and £60,000 were sold in the open market.
the party designated as Social Democrats. The real
The foreign exchange market was dull and steady
enemies of capital, though, he observes, are the great on Monday, but it grew firmer on the following day
landowners whose estates are heavily mortgaged. In without any change in rates. The dealings were chiefly
addition, he thinks that some of the highly intelligent in long sterling and on Wednesday rates for actual
and highly educated officers of the Government who business in these bills were advanced one quarter of a
are poorly paid, and who have no private means, sym cent because of easier discount rates in London, and
pathize with the “ Social Demokraten.” The heavily on Thursday there was an advance of one quarter of a
mortgaged landowners, he states, are against the gold cent in short sterling and in cable transfers, while
standard and wish to go hand in hand with the silver on Friday there was another advance of a quarter
of a cent in long sterling. Bankers report offerings
Senators and mine owners in the United States.
Money on call, representing bankers’ balances, has of and some business in grain futures on the basis
loaned at the Stock Exchange this week at 1 and 1£ of 4 83-j for September delivery and there was a
per cent, averaging about 1 | per cent, and the supply round amount of choice documentary grain bills
has been liberal, while at the same time there has sold on Wednesday, deliverable either in August or
been a good inquiry from the commission houses, the September at the option of the purchaser, at 4 84.
majority of whom are wholly relying upon the call Some of the Canadian banks and American bankers
loan branch of the iparket. The banks and trust have made sterling loans during the week on munic
companies loan generally at the current Stock Ex ipal securities. With these exceptions the supply of
change rates. Lenders on time are disposed to make exchange has been confined to commercial bills and
slight concessions as to rates, but the business reported also to those drafts resulting from current counter
is small. Quotations are 2 per cent for sixty to ninety business. The demand for remittance has increased
days, 2£ per cent for four months, and 3 per cent for and it is expected to grow larger toward the end of
five to seven months on good mixed Stock Exchange the month, when there will be an inquiry for semi«
collateral. There is a better supply of commercial paper, annual settlements, and until about the middle of
principally from the dry goods merchants ; the demand July there will also be a demand to remit for coupons.
is good and rates are easier at 3 per cent for sixty to There was an export of $600,000 gold coin by Lazard
ninety-day endorsed bills receivable, 3@3£ per cent Freree to the Continent on Thursday. The gold was
for first-class and 4@4| per cent for good four to six taken from banks, where it had been on deposit for
months’ single names. Banks having large corres some time. Yesterday Heidelbach, Ickelheimer &
pondence with institutions in the interior report that Co. engaged $100,000 for shipment by steamer to-day.
re-discounting for banks in the cotton-growing States This was taken out of bank also. In addition Ladenhas begun, though the amount of money moving is as burg, Thalmann & Co. took $250,000 from the Subyet comparatively moderate. The indications still Treasury for shipment to-day. This makes the
point to a larger business later on, and the Southern exports for the week $950,000. Kidder, Peabody &
bankers are looking for a large crop of cotton, even in Co. will ship $500,000 on Tuesday. The range for
the regions which were recently overflowed. Paper nominal rates for exchange has remained unaltered
previously re-discounted for banks in the grain sections at 4 86£@4 87 for sixty day and 4 88 for sight. As
of the West and Northwest is being paid off, and noted above, there was no change in rates for actual
reports from Chicago and St. Paul show that money is business until Wednesday, when there was an advance
very plentiful at those centres, ruling at 3 per cent on of one-quarter of a cent in long sterling to 4 86@
call at Chicago. Boston is well supplied with money 4 86£, short sterling remaining at 4 87@4 87^ and
and larger balances than usual are being carried in cable transfers at 4 87^@4 871. On Thursday the
this city for the account of Boston banks. Deposits market was firm and there was a rise in short to
of gold in the New York Clearing House vaults have 4 87j@4 871 and in cable transfers to 4 871@4 87|.
Yesterday there was a further advance of one quarter
this week increased the total to $55,180,000.
There was some slight political tension in Europe of a cent in long sterling, to 4 86£@4 8611, the market
on Monday due to the attitude of the Porte regarding being strong. The following shows the daily posted
the retention of Thessaly, and also to the attempted rates for exchange by some of the leading drawers.
D A IL T P Q 8T E D B A T E S F O B F O R E IG N EX C H A N G E .
assassination of President Faure of the French Repub
F rt.,
Mon ., T u b s ., WBD.. t h u r .. F r i .,
lic; but these matters had little influence upon the
June 11. J une 14. Ju n e 15. June 16. June 17. Ju n e J8»
markets at London or Paris. The news on Tuesday drown Bros........|
80*
eo*
m i
80*
86*
88
88
88
88
88
88
of the suicide of Barnato, the South African diamond Baring,
J00 days.
66*
86*
86*
86*
86*
87
Magoun & Co.. <Sight..
88
88
88
88
88
68
and gold-mining king, caused a slight flurry in what Bank British J 60 days. 87
87
87
87
87
87
No. America.. ( Sight..
88
88
88
88
88
88
are known as the “ Kaffir stocks ” at Paris and Lon Sank o f
87
87
87
87
f 00 days.
87
87
88
88
88
88
Montreal........ ( 8ight..
88
88
don, but no other securities were affected. The Bank Canadian
87
87
87
87
87
Bank (60 days,
87
88
88
83
88
88
of England minimum rate of discount remains un of Commerce.. ( S ight.... 88
aeidelbach, Ick-) 60 days
86*
86*
87
60*
66*
87
88
88
88
88
88
88
changed at 2 per cent. The cable reports discounts elhelmer & Co. I Sight..
87
87
87
87
87
87
68
88
88
88
88
of sixty to ninety-day bank bills in London $ of 1 .azard Freres... j g j^ tf.8 88
87
m e r c h a n ts ’ Bk. J 60 days.
87
87
87
87
87
88
per cent. The open market rate at Paris is I f per ’f °anada. 1 S i^ h t
88
88
88
88
88
cent and at Berlin and Frankfort it is 2f@3 per cent.
The market closed strong on Friday with the
According to our special cable from London the Bank posted rates at 4 861@4 87 for sixty-day and 4 88
of England gained £508,691 bullion during the week for sight. Rates for actual business were 4 86J@4 861
and held £36,320,851 at the close of the week. Our for long, 4 871@4 871 for short and 4 871@4 87J for
correspondent further advises us that the gain was cable transfers. Prime commercial bills were 4 85f@
due to the import of £93,000 (of which £63,000 were 4 86 and documentary 4 85£@4 851- The Bureau of
from Australia and £30,000 from the Cape), to receipts Statistics at Washington has this week issued the

1158
t a t :>nu*n

THE CHRONICLE.
.{ the- country's foreign trade for May,

[ VOL, L X IV .

E X T R E M E F L U ( T C A T I ONE I N OUR
F O R E IG N TRA D E.
F ,l , -;tON T fS U M UOV BM KX r o r THK UiGTtSD STJLTKS.
i t ..» • !. : : . , » i u u t l N tura*<tl|U»«r*WOO)» • la >11 oases omtttad.
Not
very
long
ago a saving was current in Manches
“1895-0.1890-7 .—
fix
e
s
*
*
.
ter,
England,
that
when America takes to wearing its
Imp&rts,
Mxp&rts* Im m ft*.
Bmm* Export*,
*
1
i
i
»
9 .K b 2 1 ... $
old
stockings
it
puts
the whole world under tribute to
I T 1.062 2 0 9 .4 4 3 -3 8 .8 8 1
1 32.434 +09.O18
‘2 66.933 2 0 0 .8 2 8 + 0 0,807 it.
We are reminded of the statement by the illustra
Oca-I mc -... 339.781 1 3 9 3 9 9 + 1*0,311
2 40.240 197,581 + 4 2 “06
J«a.
2 0 1 . ‘-'17 180.013 . 7 i.&St
3 *,050 + 12.112 tion of its truth which the foreign trade figures pub
7 1.002
April_____
7».«W 101.383 —23.361
+9.307
66.668
57,281
7 9 321
-1 .5 5 9
»U y
7T 9«
lished this week afford. There never before has been
723.S81
+
92,310 a May when our exports of merchandise have been as
8
1
3
.901
T o u t . . . . . 9 7 7.'578 0 7 0 .511 + 29S U 81
t io ia
2,855 + 3 5 .1 0 3 large as they were last month ($77,762,000), and these
39.793 —27,087
3T.95S
1
31.115
3.099 +2T.710
37.171 -3 6 ,7 0 0
i.m
22,804
13,135
- 9 409 were in no sense deferred exports, for it was the last
-7 0 5
1,281
1,085
ri 2 002 of an eleven months which also show the largest exports
1.120
3.782
810
+
7
.3
H
7 ms
April,..----19.104
(05 +1S.499
£60
-r8,907
9.187
May.. . . . . . . .
($977,692,000) of any similar period in the Govern
30,883 +74.511
105,894
80.759 -4 8 .2 7 1
3 *3.488
T**4
ment record. This year’s (1896-7) total merchandise
3,607 +11,100
1 4,787
2,510 + 14.003
1 6.513
3.307 + 11.802 exports when the account is made up in July will in
1.050 + 12,539
15,10*
O at.-U er,,..
10.588
3,823 + 11,157 value exceed by nearly $150,000,000 any year’s total ex
15,280
+ 11.458
13.574
509
+4.671
5.140
570
+4.353
A p ril......-4,#31
+4,696 cept 1891-2, and will be larger than even the total in
5,150
504
708
+ 3,571
4.337
U * y.. .........
55.516
11,930 4 4 3 + 8 5 1891-2, notwithstanding prices of almost all commodi
10,028 + 4 5 ,0 1 8
3.5 .o n
H o ld In O r e .
—*07 ties and especially of food products have been materially
475
-5 2 4
8
682
JpijHSepL..
58
—516 lower.
552
-5 1 4
37
810
Cl
O ci.-D ec....
Of course no great surprise was felt the cur
358
—328
—1,133
30
1.227
so
—150
rentyear
at free exports during the usual sea-sou for
—350
5
350
155
3
April..........
—100
7
380
107
-S8S
l
M »r.............
marketing our good crops, although the movement
-1 .5 0 0
- ‘2,914
1,047
3.181
87
217
T ot*i........
was of unusual size; hut it is the late continuance of
O liv e r In O r e .
3,050
-2 ,9 8 6 abnormal shipments which is the conspicuous feature.
4.302
-4 .1 8 4
64
J n ly S en t...
228
—3.081
-4 ,1 0 6
278
3.959
4.534
128
Q a .- D ix ....
—4.1C0 Why is this ? The obvious reason is that the present
—4,717
191
4.291
247
4.904
ijta.-MA.rch.
-1 ,5 0 0 excess has been mainly due to the fact that home
1.004
-1 .8 0 1
1,574
U
April.— ...
—1,350
12
t .000 -1 ,9 7 8
38
1,368
M»y.............
consumption was small, our people economizing se
583
015
14.200 —13.677
1 7 .s u -1 0 .5 0 9
T o u t........
verely in every way during the year; as a consequence
— Excess of imports
■+■g r o a ts o f exporLsprices of commodities in most departments fell to so
We subjoin the totals for merchandise, gold and
low a level that buyers were found not only to take
silver, for the eleven months since July 1 for six yearsthe usual surplus, but also a considerable portion of
MXBCHAKD18KS IL V E R .
the ordinary allotment for home wants of food and
mmm
j Excess j
Excess
Except clothing which this year we could not afford to eat or
Im

B
x
B
a
y
I
m

Mo*. E x p o rt* Im p o rt* 1 o f
of
nl E.
p o rt* . p o rt* .
p o r t*. ports.
E x p o r t*
wear.
E x p o rts
port
i
s
i
t
t
$
%
Imports likewise illustrate the same truth. AYe do
9 0 9 7 977.-W 6J9.S U •>98181 3*2.735 83.020 *51.385 56.859 ar.640 29.319
not
need to say that, as the record stands, the May and
352.530
92,340;iP5.J8l
56.098
26,190
72,951
815.#<>1
724.IM5
9 3 -9 0
29,108
6 ? O.30S 8*2 292 6 6 338 34.085 3 2 218 43.172 18,176 21,91-8
9103
April
returns, and also in considerable measure those
•23700^53,715 72.00i3 *18.291 47.283 18.78s ■28.518
93-91
9 2 9 3 7 8 2,338'796-'00 * *4.488 105,970 20.165 8 5 ^ 0 5 36,721 21.807 15.111 for March, have been "ducted by influences which fall
» 6 5 . i '* 7 5 5 .8 V *21 OOt‘4 33,* «8!4 9 05 • 1 6 13^ 2 0 P > 8 17.7"8 11 600
01-02__
outside our reckoning, the last two months especially
* 'Ex.com of imports
being very largely swollen and the other mouth men
I n the l a s t table gold and silver in ore for 1893-94,
1894-95, 1895-90 and 1890-91 are given under the tioned being to an important extent added to by a
heads respectively of gold and silver; for the other speculative movement hastened to avoid the higher
duties anticipated under the new tariff. Omitting
year? both art* included in the merchandise figures.
then
those three months altogether and comparing the
The following statement gives the week’s movements
other
eight months of the current fiscal year with the
of money to and from the interior by the New York
same
months of the previous year, we find the total
banks.
merchandise imports to have been only $422,515,000
Received bu Shipped by
Net Interior
W ith Ending June IB, 1897.
in 1896-7, against $541,195,000 in 1895-6. Here we
X . T . Banks. v . F. Banks.
Movement*
c o r r m e y ................................................ $5,349,000 $1,683,000 Gaiu.$3,668,000 have a falling off in the purchases of the United States
<lo!4................. ......................... ............
411,000
308,000 Gain. 103.000 in foreign countries of nearly 25 per cent; which il
TouU *oM >nll leiw l ta n d em . .. . S5.70IJ.dOO *1,091,000 Gnfn.$3,7 69,00<i
lustrates again how'rapidly, when America really
With, the Sub-Treasurv operations and gold exports economizes— as it has been forced to do this year— how
the result i s as followsrapidly it brings Europe in debt to it. There is no
country in the world other than this in which the ex
Into
Out of
Net- Change in
Wetk Ending J m t 18,1877.
Banks.
tremes in consumption between a prosperous year and
B -nks.
B in k Holdings.
B*ti**' interior m o v e m e n t,a b o v e $5,700,000 $1,091,000 Gain- 3,789. -* 0 a liquidating year are so wide.
A further citation
* oh-Trea*. operat’n* and gold oxpt*. 14.500.000 16,500,000 Loes. 1,000 000
from
the
foreigu
trade
records
will
make this more
Total gold and legal tenders....... $20,260,000 $17,491,OO0:Gain *2.769,000
marked, for 1895-6 was by no means a prosperous year.
5mount of bullion in principal European banks.
In 1892-3 our merchandise imports for the twelve
months were valued at $866,400,922 ; whereas in 1896June 17,1897.
June 18 1890.
n » « i ./
97, were it not for the goods hastened forward to get
OOUU I Stttwr.
Total.
Gold.
Silver
lotal
them in under the old tariff, the imports would not
£
£
£
£
M
4
ChglandU,.., S djfojstl
88,920,811 49,079,193
49.070,193 reach for the entire 12 months over $630,000,000.
ifeiMtet****
79 POO 817 *0,100,903 120.0*ft.efr0 8M 28,093 50.317.209 m,77fi,M2
•^>+50,000- I6.902.0t 0 40,772.01*0 3IJ 04+00 13.619,000 46,723.000
Those wide fluctuations are due in part to our large
jUS,Of,7,000 47.0*5.000 V;7,317,000 12 845,000 40.102,0* 0
8 4<WtOO 1! .040,0* ( 19.438 <KK population— seventy-one millions of people, who have
B ettw iah jli.
7.0*! 3.00G 9.632,000 2.635 000 7.004.001 P.030.0* Ita&JNlglmrn, iff.mr0m i.nm.tm 4,101.000 2M7MS 1.328,067 3.930+* < desires to be gratified, and whose desires in times of
T m .m » -mmk
97,459+03 2#1.0S8U»1 2O:?,«2«,OI0 98.173,938 3O0.8f 0.555 prosperity are so varied as to bo limited only by the
I S is iE E U L l i&4,WPri&- 85.0*0.6*9 '£90,J Y’.07tf 2«M TO jta P7 703.21* 298+73.330 earth’s products.
It is due also to the rapidity with
aoi*J

t h e fig u r e s b e lo w in o u r u s u a l fo r m .

J une 19 i-w7.]

THE CHRONICLE.

which wealth is accumulated in an active period—the
gains come easily and are spent easily. Allied to this
likewise are our thriftless habits; we waste what older
nations grow rich in saving. Then there is a iTernel
of truth in the claim that a protective tariff system
with its broadened margin of profit encourages the
unskilled and wasteful manufacturer until it has served
to multiply producers and greatly increase productions
beyond home requirement; when all prices have risen
and, as a consequence, the profit from manufacture has
materially narrowed or vanished altogether, the collapse
comes ; a crisis under such circumstances means that
the number of failures and the contraction in con
sumption and production must be enlarged in pro
portion to the extent industries have been overstimulated. But there are still other influences, one
especially often producing wide, long and recurring
distress, more trying than any other—we refer to legis
lation which endangers the standard of values.
In all these ways the Manchester proverb is proved to
be true and reasonable. To sum up the situation the
facts are about as follows. We invariably raise in large
amounts food products, cotton, &c.. which to the
world are a constant need, and it takes them from us
yearly; while prospering, we also purchase very freely
foreign products, and this is the experience even with
a high protective tariff in operation, as the imports
for each of the years ending with June 30 1891,1892 and
1893 (the largest ever recorded) fully prove. On the
other hand, in a period of severe and prolonged liquida
tion consumption contracts so materially that the United
States buys very much less and sells much more, and
hence the natural outcome is that when we are down
to a strictly economical and recuperative regimen,
we put the world largely and rapidly in debt
to us. The present year’s foreign trade figures are,
as we have seen, a good illustration of this condition ;
they show a source of strength under adverse circum
stances. Do they not also disclose a very decided
weakness in our financial and business methods. That
we should commit excesses that from time to time call
for such radical restorative action is very short
sighted. In the present case too the restorative pro
cess has not established a cure; it has only fortified
the country against present harm and given us another
chance to correct the defect.
With time we shall probab y grow wiser and more con
servative, and moderate these extreme fluctuations.
Experience is a hard school-master, and vet a people
with such a rich patrimony as we enjoy are slow
learners. We doubt whether the and exists where
the child is so loath as here to profit by his father’s
experience, and consequently there can be no surprise
at his unwillingness to take the world’s experience for
his guide. Our boys, rather than acquire their practical knowledge second hand, prefer to suffer from
the blows that knock it into them.

THE RISE I N STOCKS.
The advance in stocks which has now been in progress,
with occasional interruption or reaction, during nearly
five weeks past, is an incident which deserves atten
tion. At ordinary times the fractional rise and fall in
prices of securities means little more than the passing
whim of speculators, the “ sentiment,” in Wall
Street phrase, which prevails on the Stock Exchange.
At best such routine movements merely discount the
influence which, in the judgment of the financial
community, some single political or commercial devel

’l l 5 9

opment will exert on future values. So long as a
market thus reflects merely the passing incidents of
a day, its movements are necessarily brief and contra
dictory. Conflicting factors take their turn in domi
nating sentiment; prices move therefore with an
almost mechanical ebb and flow. Only through survey
of the change in general price level, during a more or
less extended period, can conclusions as to the under
lying situation be drawn from such a market.
When, however, the movement of security values
sets decidedly in one direction and continues in the
face of developments which would ordinarily check or
counteract it, the stock market becomes an interest
ing study. Broadly speaking, it may he said that an
advance in priges must be caused by transactions on
the part of one or more of these four'interests: re-pur
chases by previous operators for the decline, buying by
professional speculators for the rise, purchase by
hanking interests whose funds are always accumulat
ing in search of profitable investment, and purchase
by the still larger community of outside investors. A
long-continued and violent advance in prices is usually
explained by the presence of all four of these market
factors; indeed, it will he at once observed that each
of the two first-named propelling influences must
have been invoked by at least an expectation
that the other factors of heavy outside buy
ing will be present.
The bear trader who
covers his “ shorts ” reasons that to obtain at
current prices the shares requisite to complete his
contract would be difficult or impossible. The profes
sional speculator for the rise has no other end in view
than to sell at higher prices later on to some one else.
Now it is clear enough that unless some actual invest
ment buying supervenes, unless some buyer not only
bids for stocks but takes them out of the immediate
field of floating speculation, the professional specu
lator will be disappointed in his market. He does not
usually wish to keep the stocks ; as a rule he cannot
afford to do so ; when, therefore, he finds his expecta
tions of an outside movement from investors cheated,
he must sell for what his fellow-speculators are dis
posed to pay. The result, of course, will be abrupt
and probably continuous reaction.
All these are very elementary propositions in the
theory of markets. Their application to the existing
situation is, however, obvious. It has been already
manifest that some influence other than the floating
professional speculation of the Stock Exchange has
been at work this season. The advancing movement
opened in the middle of last month ; until the present
week it hardly received a check. Within this period,
down to last week’s close, such net advances had been
attained as 8 | poiuts in Burlington & Quincy stock; 7
in Louisville & Nashville, 6£ in Rock Island, 7^ in
Delaware & Hudson, 5£ in St. Paul, 5 in Western
Union, 4-J in Reading, and so on through the active
list. What made the movement the more noteworthy
was the fact that Europe took no active part in it.
During several years it has been the habit of the Stock
Exchange to look to London as the necessary source
from which the impulse to a heavy buying movement
must be derived. This belief has seemingly been justified
by events. It was London which carried through the
early autumn recovery in prices after the panic of
1893 ; London orders played a leading part in the
sharp advance immediately before and after the
Presidential vote of last November. In particular, it
was the enormous London buying which started the

1160

THE CHK0N1CLF.

[YOL, LXIV.

extraordinary rise iu May of 1305. For nearly two been developed, first that a good share of the
week> in ihat month of speculation the daily pur later export gold was obtained, not from the
chases for London on the New York Stock Exchange Treasury but from the open market, and second that
rau as high as forty or fifty thousand shares a day, and a steady and continuous flow of new gold into the
the amount of stocks and bonds actually shipped by Treasury through the Assay Office was in a consider
European steamers was largo enough to reduce mate able measure counterbalancing the export drain. But
rially the available supply upon the market, and thus for all this, the nerves of the community have been se
automatically to force a higher level so long as home riously shaken by the sterling market incidents of the
past six years, and the mere fact that gold was going
demand continued.
But the episode of 1895 has in no respect been re out remained an element of distrust. When there
peated. At last week’s fortnightly settlement on the fore the shipments fell from $6,500,000 iu the week
London Stock Exchange, the foreign houses bought ending May 1 to $1,200,000 three weeks later, and to
onlv sparingly', London quotations for our stocks fre barely a quarter of a million in the second week of
quently ruling under New York parity. A moderate June, a factor of real discouragement which had at
amount of stocks shipped on balance to the European least held back the market was removed.
Mr. Gage’s promise that the Administration would
houses by their New York agents, merely by way of
following the New York market, has summed up the promptly undertake the work of currency reform was
contribution of Europe to the New York rise. It made in the closing days of May, and it will be ob
may be readily argued that it was better that the served that the most decided upward movement in the
movement should as yet receive no violent speculative prices of securities followed that announcement. Con
stimulus from Europe; certainly the result in 1895 nected with this promise, and in some degree inter
was not entirely fortunate, for the London buy dependent with it, has been the assurance that the tariff
ers sold again within a mouth at handsome profits, bill will be brought to an early and harmonious settle
shipped back to New York City their holdings of ment in Congress—a result for which the whole com
American securities, and then resumed their pessimis mercial community, irrespective of personal theories
tic attitude towards our market. This may be true; or political affiliations, entertains anxious hopes. Such
yet the absence, at a moment when our market was incidents as the favorable show of earnings by several
advancing, of an influence which has so long been Eastern and Western railway companies, the excep
regarded as indispensable, could hardly fail to cause tionally heavy movement of grain and produce to in
some discouragement. Therefore the fact that the terior markets and by the trunk lines to the seaboard,
New York advance continued with increased rapidity, and, still more important, the promise, so far as events
even after the disappointing outcome of the London have yet made forecast possible, of an abundant springsettlement, was a rather remarkable proof of under wheat harvest—all these factors have done their part
lying strength.
in stimulating confidence. Judged in the light of
11 is not our wish to prophesy the probable outcome these developments, the upward movement in securi
of ;bis spring advance. All people with any experi ties, since the middle of last month, is at least not
ence in business have seen “bull markets” with the illogical.
fairest seeming promise upset completely by some
Whether the market continues to advance, or
unlucky miscalculation of the optimists, so that the whether a still more decided reaction is in store for
buyer at top prices will look back a month or two later prices, it will be prudent to remember that the upward
and wonder what insanity could have possessed him. movement thus far, even on the basis which we have
But all of us liave seen, too, markets where every cau described, depends on expectations which have not
tious critic insisted that the culmination had been vet reached fulfillment. The course of stocks under
reached, and which, nevertheless, continued t | broaden the circumstances is. however, an unerring witness tonto a demonstration which lasted through entire the sure results, if all the expectations thus outlined
seasons. The outlook for any security market de- should he realized. As we have pointed out already,
p'-mls, indeed, as does the outlook in every other the speculative buyers—who probably have provided
trade, on influences which at the time have not most of the support to the recent market—have bought
unfolded. Preliminary advances, whether they prove on the belief that outside buying of a stable character
to be judicious or abortive, are based on conjecture will presently be attracted. Such buying is of course un
regarding these undeveloped factors. It will be worth likely to begin in any quantity until general trade has
while, therefore, to stun up again the influences which brightened and business profits have increased ; there
have been most potent in the recent rise in prices.
fore it -may be said that the recent movement
Two developments of very immediate and obvious points out possibilities in the future which, in the
importance came to light at the time this upward judgment of the most experienced financiers, would
movement started. One was the virtual suspension become certainties if nature were to favor this country
<>' gold exports; the other was the speech of Secretary in the harvest season, and if our law-makers were to
*• • The better-informed part of the financial com give its business enterprise a chance to make the most
munity has, it is true, entertained no great dread of of Nature’s bounty.
tb- irohl export movement. As we have pointed out
Nor is it a fact to bo ignored that the country’s sit
in ........columns, the shipments followed the prece uation is, so to speak, intrinsically stronger than it has
dent familiar in this season of the year. If anything, been in many years. We have passed through a pro
th e outward movement to this date in 1897 has been tracted period of liquidation; if our industries are not
below t)|.- average, even as compared with years before thriving, they are at least on a “ hard-pan” basis,
the f’re-.t-»ry-note inflation. Moreover, it had become where inflated credit is no longer a tnenace to safety.
already " . idem a month ago that the Treasury gold How severely the nation has been economizing, the
xe,-r,-> -onid not possibly be depleted by such ship immense decrease in importations during the greater
ment.- before the harvest movement would turn the part of the current fiscal year is witness. Simul
Ling mar kef, while the further interesting facts had taneously the United States, has been doing what t

J une 19, 1897.]

THE CHRONICLE.

has always done in its preliminary struggle to recover
from hard times—it has found the markets of the
world and has met competitors on even terms. With
the heavy reduction of our foreign debits resulting
from this double process, and with the corresponding
contraction of our liabilities at home, the nation as a
whole has unquestionably gained the strong position
which an individual would gain by a similar process.
It may be surmised that the advantage thus acquired,
even in advance of any general trade revival, has had
its part in the rise in stocks.
ST . J O S E P H ’S A T T E M P T A T T H E COMPUL
S O R Y R E T IR E M E N T OF I T S BONDS.
During the last few weeks we have received quite a
number of letters and have also had some visits in
person from parties interested in the bonds of the
city of St. Joseph, Mo., asking us to raise our voice
in protest against the action of the city in attempting
to compel holders of the bonds to accept payment of
them now, when, according to their terms, they have
several years to run yet. We have given the matter a
good deal of attention, and it seems to us that the
criticisms on the course of the city are well founded.
In our estimation the action of the city authorities on
this question is ill-conceived and ill-advised, and detri
mental to the interests both of the bondholders and
the city.
The facts of the case may be stated very briefly.
The city of St. Joseph on August 1 1883 issued
$900,000 of 6 per cent funding bonds, of which
$823,400 are outstanding at the present time. By
their terms these bonds mature August 1 1903, and
there is nothing to indicate that they can be retired
in advance of maturity or that any right has been
reserved to that effect. The city now purposes to
r eplace these 6 per cent bonds with new bonds bearing
only 4 per cent interest. Accordingly holders of the
sixes have been offered the right to exchange them on
or before June 19 for the renewal fours to run twenty
years, and the old bonds have been peremptorily called
for payment on the 1st of next August, interest to
cease after that date.
To say that the holders of the bonds are astounded
over the action taken is to speak mildly. Neither on
legal nor on moral grounds does it appear justified.
The city rests its claim of a right to redeem the bonds
on a clause in an amendment to the charter of the city
passed back in 1855. Section 3 of that amendment
closes as follows : “ Provided that nothing herein shall
be so construed as to prevent said Mayor and Councilmen from calling in and paying off, at any time they
may deem proper, the whole or any part of said bonds,
and if the principal of any such bonds or any part
thereof shall be tendered to the holders of the same,
and they shall neglect or refuse to receive it, all
interest shall cease on the sum so tendered
from the date of said tender.” The city authorities
have obtained an opinion from Messrs. Huston, Ramey
and Vineyard, of the Buchanan County bar, concur
red in by the City Counsellor, Mr. B. J. Casteel, say
ing that this provision of the charter remained un
changed and was in full force in 1883 when the 6 per
cent bonds were issued. In support of these views
they cite the case of National Bank of the Republic
of New York vs. city of St. Joseph (31 Fed. Rep.,
216), where the United States Circuit Court for the
Southern District of New York held the provision

1161

referred to effective in giving St. Joseph the right to
call in and pay off bonds, issued by it in 1871, in ad
vance of the time when by their terms they fell due.
Notwithstanding this opinion, we must say that the
legality of the course pursued by the city seems by no
means entirely free from doubt. A new Constitution
for the State of Missouri was adopted in 1875 which
prescribes specifically the powers of municipalities re
garding the issue and redemption of bonds (contain
ing some entirely new provisions), and nowhere is
there any reference to a right to redeem bonds in ad
vance of maturity. It appears, too, that subsequently
the Legislature of the State passed general laws deal
ing with the subject of municipal bond issues based
on these provisions in the new Constitirtion. Thus the
circumstances affecting the bonds issued in 1883 are not
in an essential respect the same as those relating to the
bonds issued in 1871 and on which the ruling above
referred to was obtained in the Circuit Court. The
bonds of 1883 purport to be “issued in pursuance of
Article 2, Chapter 83, of the Revised Statutes of Missuri.” Messrs. Huston, Ramey and Vineyard admit
that there might be something in the general law
which would have the effect by necessary implication
to repeal or modify the provision in the charter
amendment of 1855, but they say they find nothing
in the general law inconsistent with the right claimed.
Careful reading of the statute, however, makes it
evident that the general law as it now stands is in con
flict with this special right. The provisions are found
in the Revised Statutes of 1889, Section 835. These
provisions, after conferring upon the “various coun
ties” in the State and the “several cities, villages, in
corporated towns and school districts” the right “ to
fund any part or all of their existing bonded indebted
ness * * * at a lower rate of interest”, and for that
purpose to “issue, negotiate and .1. .iver renewal or
funding bonds on the surrender and cancellation of
the old bonds”, in express words indicate the course
to be pursued in cases where bondholders may
refuse to make the exchange. On such refusal
the proper municipal officials or bodies “shall have
power and authority in their discretion to sell the
funding bonds” at not less than par, “and with the
proceeds thereof redeem as they mature all such bonds
in the hands of parties refusing to exchange their
old bonds for new funding bonds.” Must not the
presumption be that this general statute was intended
to supersede the special charter provision of 1855.
But that is not all. The city is not now operating
under the 1855 charter. It was reorganized in 1885
into a city of the second class, and at that time
adopted the entirely new charter provided by the
statute for cities of that class. Assuming that the
right of redemption granted by the charter amend
ment of 1855 was not previously extinguished, did it
not lapse with the going orrt of the old charter and
the adoption of a new one ? Messrs. Huston, Ramey
and Vineyard attempt to answer that question by saying
that under the statute providing for the incorporation
of cities according to classes, all vested rights held by a
city thus changing are retained,-and they claim that
the right of redemption is a vested right of that des
cription. Whether the Courts would take this view
remains to be seen. It appears too that the Legisla
ture at the late session (by act approved March 11
1897) further amended the section relating to the
issue of renewal or funding bonds—we mean Section
835, quoted above. This last amendment, however,

ll«2

THE CJHHONICLE.
nu, effect until the 20tli of the present were represented at the meeting there.

[V on. l x i v

But entirely
apart
from
that,
it
is
a
question
of
grave
concern
month. To meet the objection that after that date
whether
under
existing
circumstances
the
new
bonds
tin right to exchange old bonds for new will cease,
can
be
successfully
floated.
To
negotiate
an
issue
of
j u:,. jv has been fixed as the limit of time within
eight
hundred
thousand
dollars
of
bonds
is
by
no
means
which such exchanges must be made.
Perhaps the best answer of all to the question a small undertaking at the best. In this case the
whether tin- charter amendment right of 1855 still legality or illegality of the attempt to pay off the
,ur\ a t - so far as the Os of 1883are concerned is found old bonds must affect the legality or illegality of the
m the action of the city itself, in the past, regarding new bonds. Then also with the knowledge that in
these bonds. The city officials have never proceeded the eighties the city forced a reduction in interest
on the assumption that the right existed. They have on one issue of bonds, and now is attempting a re
been buying the bonds for the sinking fund and been duction on another issue, is hardly calculated
paving a premium for them. We know of a block of to make investors and moneyed institutions eager
>y5,0u0 sold to them last year by a Boston house at bidders. To be sure, the circular put out'by the city
11it*. Now as the charter amendment referred to by expressly states that there is no option on the new
its language applies to " the whole or any part” of the bonds to pay before maturity and Messrs. Ilnston,
bonds, have not the city authorities (assuming the Barney aud Vineyard go on record to the same effect,
right survives to the present time) been strangely saying that “ as the city is now operating as a city
derelict in their duty and wasteful of the city’s moneys of the second class under a new charter, with no
in paying 10.9 for bonds that they could have called at provision like that in the charter amendment of
1855”, it “ cannot in the future at its pleasure
100.
But even supposing the proposed redemption of the avail itself of the right conferred by that amendment
bonds could be justified from a legal standpoint, can in the redemption of such bonds as it may now issue.”
the action be defended on moral and fiscal grounds ? We suspect however that investors will require
1- it fair and equitable? Is it good policy? The’ stronger assurances than this to allay their fears.
holders of the bonds were certainly ignorant of the Taking the opinion of the eminent legal gentlemen as
existence of the redemption right claimed in a guide, they will most likely argue that a “'vested
the case of this issue. The city, as we have right” which was maintained unimpaired through a
seen, encouraged them in the belief that no such change of Constitution, a change of charter and sev
right existed by itself buying the bonds at a large eral changes in the statutes is a very difficult thing to
premium. Only last year the bonds commanded over get rid of.
But suppose the city fails in its effort to sell the new
12 per cent premium. They were considered a desira
ble investment even at that figure, for they bear 6 per bonds, how will it get the means to redeem the old
cent interest, and by their terms have until 1903 to bonds, already called for payment August 1 ? The
run. The purchasers included the best class of invest situation is evidently a complicated one. And we do
ors. A good many of the bonds are held by savings not see how any party can derive any advantage from
institutions in the East. One Mew England savings it. Every one must regret that the city did not con
bunk has 140,000 of them. The loss inflicted on this tinue to meet the 6 per cent interest for the few years
institution by the act of the city in compelling it longer that the old bonds have to run, thereby raising
to take 100 for the bonds instead of the 112f it its credit to a high plane and making it possible in
might have got last year would amount to almost 1903 to refund the bonds at a low interest rate and on
*5 .(100. On the entire 8823,400 of 6s outstanding, the very much better terms than it can now hope to obtain.
extinction of the 121 per cent premium represents a
T H E I R O N A N D S T E E L IN D U S T R Y .
loss of nearly one hundred thousand dollars. And what
does the city gain by the operation ? It saves a few
Mr. James M. Swank last weeks issued the usual
paltry thousands a year and loses its credit and good annual report of the American Iron & Steel Associa
repute through the taking of what everyone will con tion, giving statistics of the American and foreign iron
sider an unfair advantage of the bondholders.
trades for 1896. While these annual statistics are
It seems obvious, therefore, that merely as a matter always interesting, treating as they do of an industry
•>f policy the city has made a grave mistake. It must which ranks among the largest in the country and also
be remembered that St. Joseph can not lay claim one whose progress and advancement during the last
to an absolutely clean financial bill of health. Early quarter of a century has been especially marked, this
in the eighties it defaulted on its obligations, aud year there is a further circumstance calculated to
later it practically forced the holders of its 10 per cent enhance interest in them. They come at a time when
bonds u>accept the present 6 per cent bonds in exchange. after long years of depression there are signs of a gen
If ha* had rather a large debt for a city of its size, but uine revival in the iron and steel trades, and when,
it had almost outlived the recollection of this earlier therefore, statistics regarding the past should prove
misfortune, and its credit was again good and improv- helpful in drawing correct conclusions regarding the
insr when this latest act came to injure it anew in the future.
,vy'*Mof th e world. T h e city authorities do not seem
The report is more than ordinarily replete with use
to have measured the consequences of the step in the ful and instructive information, a large number of new
low of financial prestige and credit involved.
comparative tables running back a great many years
It may well be questioned, too, whether the opera* having been added. In no other country is it possible
fmn is feasible—that is. whether as a financial under- to obtain such comprehensive data, year by year, re
mking it <sm be carried out. The bondholders are garding all branches of the iron and steel trades. In
certain to racist the attempt to deprive them of a por- no other country is such information furnished with
thm of the consideration for their bonds. The action the same degree of promptness, the more important
,-<{ the hfiirjf.r,: at St. Lou is makes this perfectly clear, figures, such as the yearly production of iron and steel,
5
' •■:- - «<......ding t •' t he press dispatches, being given out as soon as ready in advance of the

fUNF 19. 1897.1

THE < HK0N1CLE.

11 (33

It deserves to be pointed out, too, that there has
appearance of the present pamphlet report—usually in
January or at the latest early in February. And all been during the last few years a very great expansion
this we owe to the industry and enterprise of Mr- in the United States exports of iron and steel and of
Swank, who for years has had charge of the collection manufactures of iron and steel. The increase was par
and compilation of the statistics and who has brought ticularly marked in the calendar years 1895 and 1896,
them to their present state of completeness. One may and most persons no doubt will be surprised to hear
not always be able to approve the extreme position on that our exports of this description in 1895 reached
the tariff which Mr. Swank holds, but there can over thirty-five million dollars in value (135,071,563)
be no two opinions as to the excellence of his and in 1896 over forty-eight million dollars ($48,670,work in rendering accessible such a vast fund of 218). Mr. Swank says that in each of the last four
nformation concerning these important trades and in calen-lar years our exports of the articles mentioned
presenting it, too, in such a convenient shape. As in have exceeded our imports, the aggregate exports in
dicating the pride and satisfaction which Mr. Swank these years amounting to $143,844,873 and the aggre
feels in his work and the long years of service he has gate imports amounting to $95,778,838. The imports
given to it, as well as his gratification over the progress declined partly as the result of the great falling off in
and expansion of the iron and steel industry, the the demand for foreign tin plates, owing to the fact
following sentence taken from his letter in that we now so largely produce tin plates ourselves.
submitting the present report will, we are confident, ap In 1896 our imports of plates footed up only 119,171
peal to every one: “ If it should not be my lot to pre tons, being hardly more than one-third the imports
pare another Annual Report, I leave to my friends in for either 1889, 1890 or 1891, and less than in any
the Association this Statistical Abstract as a memento, year since 1878. At the same time the production of
which I feel sure they will preserve, of the wonderful domestic tinplateshas risen from 13,643,719 pounds in
achievements from year to year of the American iron 1892 to 307,228,621 pounds in 1896. The expansion
trade from 1872 to 1897.” We voice the general senti in our export trade in iron and steel of course has
ment when we express the hope that Mr. Swank may been mainly due to the low prices, which have enabled
orspared for many years of usefulness to the Iron & the United States to compete in foreign markets.
While on this subject of prices we wish to emphasize
Steel Association and the public.
We have not the space to quote at length from the a fact to which we directed attention last week in our
report, but as illustrating the great progress of the article on The Financial Situation in speaking of the ad
United States in recent years as an iron and steel pro vance in prices which has occurred during the current
ducing country, we may refer again to a feature to month. We refer to the circumstance that the upward
which we made brief allusion last January in review movement starts from unprecedentedly low figures.
ing the figures showing our iron production for 1896. There have been other eras of great depression in
As will be remembered, the year was one of great de prices, but never previously have values touched such
pression in the United States and our output fell off a low level as that reached in the period from which we
over 823,000 ton3 as compared with the year preced appear to be now emerging. This is strikingly illus
ing. In Great Britain, on the other band, the year was trated by a little table which Mr. Swank has incorporated
one of exceptional activity and prosperity, and the in his report, showing the lowest quoted prices for six
output increased about 860,000 tons, making the pro leading products in each of the four periods of partic
duction the largest in the entire history of the King ularly low prices which the country has experienced
dom. Yet our total thus reduced was nevertheless since the close of the Civil War. The first of these
slightly the heavier, the figures being 8,623,127 periods occurred after the panic of 1873, the second in
tons for the United States and 8,563,209 tons for 1884 and 1885, the third from 1891 to 1895, and the
Great Britain. In brief then, in comparison with the fourth in 1896 and L897. The following is the table
nation which until 1890 (when for the first time it was referred to. The prices are given per ton of 2,240
excelled by the United States) held first place as the pounds, except for bar iron, which is quoted by the
largest iron-producing country in the world, we have 100 pounds. As Mr. Swank’s report is dated June 1
reached a position where in a year of most unfavor the table includes the declines in prices which oc \
able conditions we turn out as much iron as that coun curred prior to that time.
L O W E ST P R IC E S R E A C H E D IN P E R IO D S O F D E PR E S SIO N .
try does in a year of very favorable conditions. The
A H id e s —
1873-9. 188 4 -5 . 1891-5. 1896-7.
following shows the changes in the yearly output of No. 1 fou n d ry p ig iron, a t P h ilad elp h ia...$16 50 $ 1 7 50 $ 12 00 $ 11 7 5
fo rg e p ig iron, la k e ore, a t P ittsthe United States, Great Britain and Germany since G ray
14 0 0
b u r g .................................................................. 16 0 0
8 90
8 50
1880.
9 25
17 0 0
9 95
B essem er p ig iron, a t P itts b u r g .............. 19 50
16 5 0
11 00
11 5 0
Old iron T r ails, a t P h ila d e lp h ia ............ 18 00
1 60
1 50
1 10
1 05
G reat B r ita in ,
G e rm a n y » B est bar iron, a t P ittsb u r g .........................
22 0 0
G ross tons.
M etric tons. S tee l rails, a t m ills, in P e n n s y lv a n ia .. 4 0 0 0
26 00
17 0 0
7 ,7 4 9 ,2 3 3
2 ,7 2 9 ,0 3 8
It will be observed that in every case with one excep
7 ,4 1 5 ,4 6 9
3 ,6 8 7 ,4 3 4
tion
the previous low record was broken in 1896-7. Ob
8 ,3 2 2 ,8 2 4
4 ,5 2 4 ,5 5 8
7 ,9 0 4 ,2 1 4
4 ,6 5 8 ,4 5 0 viously, therefore, there was decided room for an im
7 4 0 6 ,0 6 4
4 ,6 4 1 ,2 1 7
provement in prices, and the small rise which has now
6 ,7 0 9 ,2 5 5
4 ,9 3 7 ,4 6 1
6 ,9 7 6 ,9 9 0
4 ,9 8 6 ,0 0 3 occurred is important chiefly so far as it may be ac
7 ,4 2 7 ,3 4 2
5 ,3 8 0 ,0 3 8
cepted as evidence of a turn in the tide. Further
7 ,7 0 3 ,4 5 9
5 ,4 6 4 ,5 0 1
8 ,5 6 3 ,2 0 9
6 ,3 7 4 ,8 1 6 recovery will be natural and seems likely, unless (as

PIG IK O N PR O D C TIO N OF LEA D IN G C O U N TR IES.

U n ite d S ta tes,
Y e a rs—
G ross io n s.
1 8 8 0 ......................................
3 ,8 3 5 ,1 9 1
1 8 8 5 ................................................. 4 ,0 4 4 ,5 2 6
1889. .............................................. 7 ,6 0 3 ,6 4 2
1890
..................................... 9 ,2 0 2 ,7 0 3
1891
..................................... 8 ,2 7 9 ,8 7 0
1892
.........................
9 ,1 5 7 ,0 0 0
1893
..................................... 7 ,1 2 4 ,5 0 2
1894
..................................... 6 ,6 5 7 ,3 8 8
1895
..................................... 9 ,4 4 6 .3 0 8
1896
..................................... 8 ,6 2 3 ,1 2 7

In the foregoing the great strides forward made by
Germany will attract hardly less attention than does
our own progress. Since 1880 the production of the
Fatherland has risen from 2,729,038 metric tons of
2,201 pounds to 6,374,816 tons, nearly a million tons
of this increase having occurred in the latest year,
namely 1896.

has happened so many times in the past) fresh depress
ing influences in the general situation should develop.
Expectations of extremely high prices, however,
must be modified by the knowledge that our producing
capacity in every line is very large, and that each small
addition to prevailing quotations will be an inducement
to start up some plants now idle.

1164

THE CHRONICLE.

*_

R A I L W A Y ATT L'A R N i m S FOR A P R I L .

Our compilation of the net earnings of United
State- railroads for the month of April accords with
the early preliminary statement of the gross earnings
for the same month in showing only comparatively
small changes in the final results. In the gross the
increase over hist year amounts to no more than
♦ lll.HUi, equal to only a fraction of one per cent. In
the net the improvement is more marked, and yet
the gain amounts to less than five per cent—in exact
figures *74'.',557. or 4-90 per cent.
The better result as to the net reveals the same fea
ture noted in the returns for previous months, namely
the practice of economy in the expense accounts. And
thk feature was really more noteworthy and general
than appears from the face of the figures, since in the
final result the influence of that factor is in part con
cealed by the effect of heavy expenses on three or four
large systems where the outlays at the moment are
unusually heavy. Thus the Baltimore Ss Ohio, while
having added 138,381 to its gross receipts for the
month, has lost *333,091 in the net; and the Atchison,
though having $307,329 increase in gross, has $124,073
decrease in the net. In other words, on these two
systems alone the addition to expenses has been nearly
seven hundred thousand dollars, from which it follows
that but for these exceptions to the rule the saving in
expenses would have been correspondingly larger
Hero are the comparative totals for the month and year
to date.
A p r il .
(184 road*.}
1897.
0rOM *ATD‘f
Op*T.% XP-.
N et

|

1899.

J a n u a r y 1 to A p r il 30
(129 r o a d 8.)
I n c . o r Dec.

1897.

189t5.

I n c o r D ec.

»
»
67.P3l.712 57.78 1819
12,1*3,813

t
*
*
%
+ l * t . 8 a3 245,180,727 U 7,748,672 - 2 ,5 0 1 ,0 4 5
18C.258.041
-0 0 7 ,6 7 4
185,280,574 -5 ,0 2 2 ,5 3 3

16,045 674

+ 7 4 0 ,6 5 7

in .‘m , W

04,922.680

62,402,008 + 2 ,4 8 0 ,5 8 8

The leading conditions during the month were not
favorable to large earnings. Trade continued de
pressed, and the movement of agricultural products
was on the whole smaller than in the corresponding
month of hist year. There was an increase in the
spring-wheat deliveries at Minneapolis and Duluth,
but generally speaking the grain receipts (taking the
statistics for the Western primary markets as a guide)
fell behind those of a year ago. The cotton nitty ement. too, in the South failed to come up to that of
List year, while at Chicago the deliveries of hogs
recorded quite a falling off. We are not comparing
with earning-! last year which were particularly good,
the general exhibit then having been rather disap
pointing. The following shows the totals for six
year-: for the month and four months.
Tmr m 4
num ber
PfrxMuU,
A p r il .
xm « w j
v m <m >
l # t (147}
<1411
xm ns*)
m *)
/ * » . 1 to
dpm w k
v m u t? >
ia w a m
V*H f l l * j
i* » cum
vm fm

vm

vm n m

j

O m it IS-irtuttv*
Tear
G ir m .

Year
I n c r e a te or
P rec ed in g . D eer c u t .

1
%
t 4 . 100.367 53,381,313
50,001,070 64.148.095
40,151.945 68,511. U S
60.209 7 m
65.00 W , I
67.931,742 67,789,859

1
+ 3 ,0 2 5 .6 5 4
+ 1 .8 6 2 405
- 9 ,3 5 9 .2 0 4
+ 2 .2 8 + 1 4 3
+ W 9 .W 0
+141,883

m j m j m +10,704,824
z u j m r M * 213,901.004 + 3 ,925,910
m .trn sp 230,42+ 0 U -3 0 ,1 8 7 ,7 9 1
5> 7 I.» ll,l« . 197303.421* + 6 ,0 1 8 ,-5 8
*03.003,745 +11,10.1,
2*7,74*3 7 2 - z . ' o i . a r ,

U tr n in ja
Year
G iv e n .

Year
Increa#*
P r e c e d in g . D ecrease

16.»l9.078 l<1,013,051
-1 4 ,8 7 8
18,887,603 18,018,322
+ 3 4 9 .2 8 1
12,821,31 i 10,2(!2,68il —3,038,272

|V ol . LX IV

urge in amount. We may mention particularly the decreaseof $501,700 reported by the Pennsylvania (though
this is much less than the loss for the same sys
tem in some other recent months) and the de
crease of $396,530 by the Reading and of $174,703
by the Lehigh Valley, the figures of these two latter in
cluding the coal-mining operations, A few roads in
other sections are distinguished in the same way, the
St. Paul having $163,831 decrease, the Norfolk & West
ern $138,245 decrease and the Wabash $100,852, On the
whole, however, the roads with large gains are much
more numerous and much more conspicuous than those
with large losses. In the net the losses in excess of
$30,000 are limited to five roads, as will be seen by
the following. As a noteworthy instance of econ
omy in expenses we may refer to the Wabash, which,
with $100,852 decrease in gross, lias $47,161 increase
in net.
PRINCIPAL CHANGES IX G R O S S EA R X IN 03 IX A P R I L .
In c re a se s,

M exican Central...........
Ateli. Top. & Santa Fa.
Ohio. Bari. v Q iin o y ...
Canadian Paoiflo..........
Union Pacific..............
Mexioan n a t io n a l......
S o u th ern PaolUo...........
Kan. City Pitts. & Gulf

$336,141

Sou thern R a ilw a y ..........

Gliesap-ako & Ohio . . . .
San Auto. & Aran. Pass
Ctn. N, O. A Texas Pao.
Louisv. <te NasliiitJe . . .
Clev. Cin. Clue. & St. L.
Seaboard Air L in e .........

T otal (representing
22 roads)................$1,853,642

18,046,671

r,3 ,1 U .1
00,150,3
51.781.61*
00.650,852
00 818,132

16,095,781
16,298,017

In crea se s.

Southern Pacific.......... . $ 2 1 8 ,9 7 1
M exioan C entral.............

Canadian Pacific-............
< htc. Burl. & Q u in cy...
LcU. Yal. Rtt. and Leli,
Vai. Coal.......................
S o u th ern R a ilw a y ........

Mexioan N ation al.........
K an, City Pitts. <fc Gulf.
Norfolk & W estern____
W a b a sli................................

Grand Trunk. .............
Tin, New Orl & Tex. P.
Union Pao. Den. & Gulf

1 49,161
1 3 5 ,8 8 7

117,782
98,403
70,816
64,924
6 0 ,6 8 1
55,862
47,161
3 9 ,3 7 1
34,173
32,82 J

D ecrea ses.
Baltim ore & Ohio........... $222,091
Atch. Top. & S. F e .........
1 2 4,0 7 3
Pennsylvania! ..............
1 0 3,4 0 0
74,0 0 3
Illin o is C en tral................
3 5 ,7 5 0
Ohio. MU. & 3t. P a u l....
Total (representing
$559,317
9 roads)............

When arranged in groups, those groups comprising
lines east of the Mississippi and north of the Ohio —
namely, the Trunk Line group, the anthracite coal
roads, the Eastern and Middle group and the Middle
Western—all have fallen behind in their gross re
ceipts, and the same groups also record losses in the
net with the exception of the anthracite coal
group, which lias an increase. In the North
western group there is a small decrease in the
gross attended by a small increase in the net.
In the South and Southwest and also on the Pacific
Coast there are gains in both gross and net, the show
ing for the Pacific group and the Southern being par
ticularly gratifying, the one having 1l+K) per cent
gain in the net and the other 17'04 per cent. The
Mexican group is again distinguished for its large
ratios of improvement in gross and net alike, the latter
amounting to over 41 per cent.
BUMMART BV GROUPS.
Se c t io n o n
Grou p.

As far »- the individual roads are concerned, several
of the systems running through the manufacturing
and mining regions of the Middle and Middle West
ern States have sustained losses in gross earnings quite

Total (representing
17 roads)................$1,630,47 9

Total (representing
19 roads)................$1,130,324

-2 7 9 ,2 9 9
+ 7 4 8,557

69,!20,07ti + 3 .9 2 0 ,4 6 9
« ,3 2 0 .0 2 5 -3 ,107,51-0
81,019,011 -1 0 ,1 3 8 ,4 2 0
68,037,791, + 8 ,4 0 9 ,0 0 2
68,040,000 + 4 ,1 7 1 .5 2 0
92,182,099 + 2 ,4 6 0 .5 9 3

D e c re a se s.

Paanaylyauiat . . . . .. $501,700
346,520
Phil. & R. andOoa & Ir.
Leu.Y.RK.aml L.V.Ooal
1 7 4 ,7 0 2
Chic. Mil. * 3 t . Paul . . .
162,821
138.245
Norfolk: Se Western. . . .
100,852
W a b a sh ............ ................
Cllio, & Gran l Trunk..
42,130
41,31 4
Bari. C R. & Xortharn.
40,78 1
S u n m it Be, & byk. Yal.
3 1 ,4 1 4
Colorado M id lan d .......

PRINCIPAL CHANGES IN N E T EARNINGS IX A P R I L .

11,780,823 13,200,280 + 1 ,6 6 0 ,5 4 3

11,808,487

307,-22 J
1 6 4 ,0 9 5
1 6 1 ,0 5 3
1 5 2 ,2 8 8
12 6 ,0 5 1
1 2 5 ,6 2 5
1 2 1 .6 0 7
6 0 ,6 1 5
78,8 21
5 3 ,2 0 0
3 6 .4 3 9
3 5 ,2 1 7
3 2 ,8 7 0
3 2 ,5 1 2

A p r il .
t r a n k lln e s ..(1 3
A n t h r a . c o a l.if ij
B o u t. & M id .(13)
M id. W e s t ’n.{19)
N o r th w e 8 t’n ,( 9 )
3 o tith w e 8 t’ii.(10)
P a c ific C o a s t (17)
S o u t h e r n . . , (34»
M e x ic a n .......( 4 )
T o t .. (134 r*ds>

N e t E a r n i n g a.

G ross E a m m g s .
1897.

1800.

1897.

1890.

I n c . o r D ec.

1
»
15,852,051 10,504,54?
0.592.214
7,228,248
2,250,851
2,315,870
3,415,743
3.333.21?
6,073,830
0,133,333
4,448,241
4,972.963
8,927,783
0,302,148
7,297,056
7,491,660
1,073,91b1 1,520,071

f
4,120,030
1,470,256
050,040
820,140
2,035,889
1,237,876
3,022,805
1,918,032
768,332

f
4,341,956
1,339,206
065,836
057,932
1,941.172
1,227,890
2,037,702
1,030,47?
644,724

I
- 2 2 1 ,3 2 8
+ 1 3 0 ,9 9 ?
—15,10(
—137,852
+ 9 4 ,7 1 ?
4 9,985
+ 3 8 5 ,1 0 ?
+ 2 7 9 ,4 6 5
+ 9 9 3 ,0 0 8

P .0 ,
5-10
9-78
2-28
14-39
4-88
0*81
14*00
17*04
41*05

57.789,859

16,045,574

15.290.01?

+ 7 4 9 ,5 5 7

4*90

57,931.742

THE CHRONICLE

J une 19, 1897.J
Gross Earnings.
Gr o u p .
J a n .i to Apr. 30.
Trunk lin es.(13)
Anthra. coal.(9)
East. A Mid.(11)
Mid. W est’n.(19)
North west’n .i9)
8outhwest’n(15j
Pacific Ooast(17)
Southern— (32,
M exican.......(4)

!

1S97.

62.330,89
27,411.537
5,887.732
13.538,420
44,615,524
18.343,061
35,005.807
3 >.292,735
7,675,031

|

N et Earnxngs.
1897.

1896.

63,960,082
29.290,454
5.863,704
13.901,643
45,550,186
18.022,699
34.9l«,665
30,044,2.2
6.193,037

|

Inc. or Dec

1890.

16,348,031 16,202,307
5.734.331 5,574,304
1,686.808 1,501.106
4,025,8 >1 4,038,629
9.468.574 8,888,532
4.852.020 5.207,151
10,731,249 10,278,938
9.C44.85S 8,349.664
3,030.9^4 2,361,407

+85,754 0 52
+100,027 2-87
+135,e4? 12*37
—12,828 0*32
+580.042 6-53
—355,131 6-82
+452,311 4 40
+695,194 8-33
+669,677 28*35

T o t..(l2 9 r ’ds) 215,180,727 247,742,672 64,922,083 62.462,098 +2,400,598 3-94
T he fo llo w in g is a lis t o f th e roads included. u a le r eaoh group in th e
fo r e g o in g t a b le :
Trunk Lines.
Middle Western—(Con.).
Pacific Coast—(C tn .).
Baltimore A Ohio.
Kanawha A Michigan.
8o. P ac.—(Con..)—
Clev. Cin. Chic. A St. L. Lake Erie All. & South.
N. Y. Tax. A Mex.
Peoria A Eastern.
Lake Erie A West.
Texas A New Orle ans.
Erie.
Pacific System.
Manistique.
Grand Trunk.
Pitts. Lisbon A West.
Spokane Falls A N o rth ’n.
Chic. A Gd. Trunk.
Pittsburg A Western.
union Pacific—D. P. Ry.
South Haven A Eastern.
Central Branoh. Ac.
Det. Gd. Hav. A Mil.
Penngylv, Eaat o f P. A E Poledo A Ohio CeatraJ.
A tch’n Col. A Pac.
West of Pitts. A Erie.* Toi. Peoria A W.
Southern Roads
Philadelphia & Erie.
Northwestern.
Alabama Great South’n.
Pittsb. Cin. Ch. A St. L.
Burl. Cedar Rap. A Nor. Alabama Midland.
Pitts. Youngs. A Ash.
Wabash.
Chic. Burl. A Quincy.
Atlanta A West Point.
Chic. Mil. A 8t- Paul.
Atlantic A Danville.
Anthracite Goal.
Chicago A North. Pac.
Brunswick A W estern.
Central of New .Jersey. Des Moines N. A W.
Carolina Midland.!
Lehigh Valley RR.t
Cowa Central.
Central o f Georgia.
Lehigh Valley Coal Co.t Minn. A St. Louis.
Charleston A Savannah.
Minn. St. Paul A 8. 8. M. ;Chesapeake A Ohio.
N. V. Ontario & West.
N. Y . 8usq. A West.
Wisconsin Central.
ICin. N. O. A Tex. Pac.
Pal la. A Reading.
IGadsden A Attala Un.
Southwestern.
Coal A Iron.
!Georgia.
Arkansas Midland.
Sim m it Branch.
Georgia A Alabama.
Aten. Top. A Santa Fe.
Lykens Val. Coal.
IGa. Southern A Fla
Choc. Okla. A Gulf,
Gulf A Chicago.
lolorado Midlani.
Eastern A Middle.
Jack. Tampa A K. W.
Crystal.
Adirondack.
Kan. City Mem. A Bir.
Denver A Rio Gr.
Allegheny Valley.
Lexington A Eastern.
Louisville A Nashville
Bath & Hammondsport.+ Eureka Springs,
Baff. Roch. & Pitts.
i Ft. Worth A Den. City.
Macon A Birmingham.
Ba&ilo & Susquehanna. Kan. C. Ft. 3. A Mem.
Memphis A Charleston.
Cumberland Valley.
Kan. C. Pitts. A Gulf.+
Mobile A Birmingham.
| Rio Grande Southern.
Hoosac Tun. A Wil.
>fash. Chat. A St. Lou »
St. Joseph A Gd Id tn d . Norfolk A Western
Northern Central.
Phil. Read. A New Eng. ■it. Louis A San Fran.
Ohio River.
Phil. Wilm. A Balt.!
Jan Ant. A Aran. Pass, , Petersburg.
i CJn. Pac. Denv. A Gulf. 1Rich. Fred. A Pot.
8tony Cl. A >ats. Mt.
Waco A No’western.
West Jersey A Seasn’e.
Rich. A Petersburg
)Sav. Fla. A Western.
Western N. Y. A Penu.
Pacific Coast.
3 ^aboard Air Line.!
Atlantic A Pacific.
Middle Western.
311v. Spgs. Ocala A Gulf.
Canadian Pacific.
Chic. A W est Mich.
Southern Railway
Vorthera Pacific,
Clev. Canton A South’n.
Western of Alabama,
Det. Gd. Rap A W eit.
jOrego u Improvement.
j Wrightsv. A Tennille
IOregon Short Line.
Detroit A Mackintc.
Elgin Joliet A Eastern.
Rio Grande Western.
Mexican Roads
Jan. Fran. A North. Pac. Mexican Central.
Flint A Pere Marq.
Jo. Pacific.—
Grand Rapids A Ind.
Mexican Internationa).
Gal. Har. A 8. A.
Mexican National.
Illinois Central.
Louis. Western.
Indiana Illinois A Iowa.
IMexican Northern.
Morgan's La. A T.
Iron Railway.
f For month only.
tWe include thase lines in our table by taking an estim ate for 1896 on which
to bass th e increase or decrease reported for this year.

G O L D P R O D U C T IO N I N U N IT E D S T A T E S F O R 1 8 9 6 M I S T B U R E A U E S T IM A T E .

Mr, Robert E. Preston, Director of the United States Mint,
issued on Saturday last his estimate of gold production in the
United States for 1896. The production is given in values
only, but for purposes of comparison we have reduced the
figures to ounces and present them below in connection with
the mint results for 1895 and 1894. It will be observed that
there is an excess over 1895 in the aggregate of 313,376 ounces
or $6,478,000, and that all the large producing S:ates share in
the gain. Colorado increased its output 77,686 ounces and
fell only 15,718 ounces below California.
GOLD PR O D U C T IO N IN U N IT E D STATES.

G o ld
.----------1896.---------- , ,----------1895.---------- , ,----------1891.
Production.
Ounces.
Value.
Ounces.
Value.
Ounces.
Value.
737,038 115,235,900
722,171 *14,928,600
656,468 *13,570,397
California —
721,320 11,911.000
643,634 13,305,100
459,152 9,491,514
Colorado........
168,405 4,101,400
176,637 3,651,410
M ontana........ 20 >,208 4,324,700
240,419 4,969,800
South Dak__
187,187 3,869,500
159,594 3,299,100
100,682 2,081,281
Idaho............... 104,263 2,155,200
86,088 1,779,600
95,072 1,665,300
80,324 1,784,475
Arizona.......... 126,979 2,604,200
42+72
08,793 1,422,056
Oregon............
60,5'2 1,261,000
888,300
55,042 1,137,819
IIP,404 2,468,300
75.088 1.552,200
Nevada...........
99,444 2,056,700
78,140 1.615.300
53,868 1.113,550
A laska...........
91,908 1,8 9,900
66,419 1,373,000
41,691
868,031
U tah...............
567,751
New M exico..
23.017
476,800
23,810
492,200
27,465
195,100
19,626
16,980
351,000
9,438
W ashington..
405,700
44,444
1,799
2,075
42,900
2,150
Michigan........
37,200
242,169
276,400
15.026
310,600
11,715
South. States.
13,371
30,903
35,000
1,495
Other States..
828
17,100
1,693
T o ta ls. .. . 2,668,136 *53,0-8,000

2,254,760 *46,610,000

1,910,813 *39,500,000

IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
We have received this week from the Collector of Customs
at San Francisco the details of imports and exports of gold
and silver through that port for the month of May, and they
are presented below, together with the figures for the pre
ceding months, thus completing the results for the eleven
months of the seal year 1896-97. The imports of gold were

1165

unimportant, the amount received reaching only $44,683,
of which $43,346 was in bullion, and of silver there came
in $307,471, of which $174,011 was bullion. There has been
received during the eleven months a total of $9,499,130 gold
and $1,997,710 silver, which compares with $935,049 gold and
$1,816,547 silver in 1895-96. The shipments of gold during
May were $5,017 all coin, and the exports of silver have
been $36,730 coin and $608,101 bullion, For the e even
months the exports of gold have been $977,391, against
$481,939 in 1895-96 and $8,690,906 silver has been sent out,
against $10,887,194 in 1895-96. The exhibit for May and
the eleven months is as follows :
IM P O R T S O P GO LD AND S IL V E R A T SAN FR A N C ISC O .
GO LD .

S IL V E R .

MONTHS.

B u llio n

C oin.
1896-97.
J u l y ...........
A u g u st—
Septem ber
O c to b e r ...
N ovem ber.
D ecem ber.
J a n u a r y ...
F ebruary..
M arch........
A p ril..........
M ay............

$
$
8,723 7 0 ,6 8 0
6,239 4 1 ,0 6 9
2 ,0 7 2 ,4 0 9 11 2 ,1 0 0
2 ,3 7 9 ,2 6 8 51,441
2 ,1 8 2 ,9 8 4 123,108
1,948,295 139,656
7,9 8 0 35,732
1,098 5 7 ,7 9 6
3 1 ,230 91,951
5,9 0 0 86,789
2,4 3 6 42,246

Total.
$
7 9 ,4 0 3
4 7 ,3 0 8
2,18 4 ,5 0 9
2 ,4 3 0 ,7 0 9
2,30 6 ,0 9 2
3,087,951
4 3 ,7 1 2
58,894
1 23,181
9 2 ,6 8 9
4 4 ,6 8 2

T o t . l l m 0 9 8 ,6 4 6 ,5 6 2 852,568 9 ,4 9 9 ,1 3 0

C oin.

B u llio n .

$
1 9 ,867
4,264
10,935
1 3 ,902
76,541
1 2 7 ,6 9 4
10,879
3,4 8 2
3,0 2 9
2 8 ,651
3 3 ,4 6 0

$
209,231
8 0 .029
1 18,099
2 3 7 ,0 3 9
1 23,629
1 77,658
225,165
108,741
1 33,877
7 7 ,527
174,011

Total.
$
22 9 ,0 9 8
8 4 ,293
1 2 9 ,0 3 4
2 5 0 ,9 4 1
2 0 0 ,1 7 0
3 0 5 ,3 5 2
2 3 6 ,0 4 4
1 1 2 ,2 2 3
13 6 ,9 0 6
106.178
2 0 7 ,4 7 1

332,704 1,665,006 1,997,7X 0

E X PO R TS O P GOLD AND S IL V E R FROM SAN FRA N C ISCO .
GO LD .

SIL V E R .

MONTHS.

C oin.
1896-97.
A ugust___
Septem ber
O o to b er...
N pvem ber.
D ecem ber.
Janu ary ..
February..
M a rc h .. .. .
A p r il..........
M ay............

$
2 0 6 ,1 0 5
2 59,315
8,280
5 9 ,036
55,885
215,521
1 05,252
2,9 4 0
6,995
5 1 ,390
5,015

rot. 11 m os

9 74,734

B u lV n

Total.

C oin.

B u llio n .

$

$

$
1 3 3 ,8 6 6
103,291
5 7 ,560
1 8 7 ,1 3 1
3 82,835
1,57 8 ,5 5 0
1 9 8 ,4 9 0
39 1 ,9 3 8
1 08,616
49,01 2
3 6 ,7 2 0

$

1,400
150
332
679
100

2,657

2 0 6 ,1 0 5
2 59,315
9,680
5 8 ,1 8 6
5 5 ,885
2 1 5 ,8 5 3
1 05,252
2,940
7,670
5 1 ,4 9 0
5,015

4 8 7 ,6 2 0
274,371
7 3 4 ,0 8 0
267,002
32 4 ,9 8 0
75 1 ,3 5 0
51 2 ,5 4 0
54 2 ,9 1 0
587,300
372,644
60 8 ,1 0 0

9 7 7 ,9 9 1 3 ,2 2 8 ,0 0 9 5.462,897

Total.
$

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

IN T R O D U C T IO N TO T H E S T U D Y O F E C O N O M IC S —B y C H A R L E S J E S S E
B u l l o c k , P l i . D . , In stru ctor in E co n o m ics, C ornell U n iv e r sity .
S i l v e r , B u r d e t t <& C o m p a n y , P u b lish ers, B o sto n , N e w Y ork, C h i 

cago, P h ila d elp h ia .

This volume treats of leading facts in the economic his
tory of the United States. The subjects of consumption,
value and distribution are treated with reference to the
re suits of most recent economic discussions. Considerable
attentio n is given to such practical problems as the money
question, monopolies, the tariff and labor—all of which are
discussed with reference to American conditions and ex
perience. On all mooted questions Professor Bullock aims
to present fairly the leading arguments on both sides. He
arrives at his own conclusions and offers them, but not so as
to offend or irritate those who by different processes of rea
soning reach different conclusions.
u je m u g i © o m

n is u c ia i

L ondon, S aturday ,
[F rom o u r o w n c o rresp o n d en t.]

s

June 5, 1897.

The peace negotiations between Turkey and Greece drag
slowly on. Only now has Turkey consented to prolong the
armistice, and the peace negotiations proper are only just
beginning. The opinion is very general in the best informed
quarters that the negotiations will be very protracted, that
in the end Turkey will give way, being contented with a
rectification of the military frontier and a money indemnity.
The real fight is expected to be over the amount of the in
demnity. Lord Salisbury has declared publicly in Parlia
ment that the Powers will not consent to any of the Christian
population being handed back to Turkish misrule, and all the
other Powers are believed to be equally determined. But the
Sultan is much iu need of money, and he will haggle as long
as possible to get as much as by any means Greece can pay.
It is very evident that Greece can pay nothing unless the
Powers, in some way or other, guarantee a loan; for Greek
credit is utterly gone. If the Powers guarantee a loaD, they
will have to appoint an International Commission. At all
events, Germany insists that there must be an International
Commission if she is to join in the guarantee.
Respecting the negotiations with the Transvaal nothing is
known. The impression is very general, not only in Loudon,

11HB

THE CHRONICLE

bal in South Africa also, that the negotiations will end satis
factorily. But they seem to have been suspended for a
while at ill events. Dr. Leyds is at present in Paris. MeanVSbile all the reports from Pretoria and Johannesburg are
u> the effect that the Commission which is now inquiring into
the grievances of the mining industry is prepared to reootnmend very large concessions. There are rumors which find
expression in the Paris Press that Dr, Leyds'object in vis
iting Part, and by and by Berlin, is to negotiate a large loan.
Hr will certainly not succeed in Paris, unless the loan is ap‘
pli,d to buying out all the monopolies, and unless also guar
antees an* given that the grievances of the mine owners will
be redressed. It will be reeolleoted that France is almost as
much interested in mining ventures in South Africa as we in
this country are.
It is calculated,by good French authorities that French in
vestors hold mining shares for which they have paid a mil
liard of francs, or 40 millions sterling. The estimate appears
to be extravagant, for it is well known in London that French
holders have been selling here for the past year and a-half.
But undoubtedly the French holdings are very great. In the
case of the Chartered Company, for instance, Continental in
vestors hold more than a third of all the shares.
The monsoon has begun in Ceylon, and we are anxiously
expecting to bear that it will soon break on the Indian Coast.
Usually it breaks in the neighborhood of Bombay about ten
or twelve days after it first begins in Ceylon. If the rains are
plentiful, and continue the usual time, there is every ground
for hope that the difficulties of India will soon disappear. If
the rams are deficient, the outlook will become exceedingly
serious.
It is reported from New South Wales that in the centre of
the colony the long drought has at length been broken, but
unfortunately no rain lias fallen either along the coast or
along the internal border, and it is the latter especially that
has suffered from the drought.
The Spanish Cabinet has at length resigned. In Germany
the Reichstag has been prorogued, and the state of parties is
such that many careful observers are becoming anxious for
the future of the country. In Austria-Hungary it seems itnpos&ible to renew for !he usual ten years the union between
Austria and Hungary, while in the Austrian half of the mon
archy, the bitterness of feeling between the Germans and the
Slavs, especially the Bohemian Czechs, is causing much
apprehension.
The speech of Mr, Lyman Gage at Cincinnati the other day
has given great pleasure in London, Mr. Gage’s high charact-r and great ability are fully appreciated here, and his
words, therefore, carry due weight. Since his statement the
American market has been more active, and undoubtedly, if
he is abb* to induce Congress to adopt a wise currency policy
there will be a very great investment of European money in
the United States, As yet, however, the buying is confined
to members of the Stock Exchange and professional operators.
During the weak business has been almost at a standstill,
mainly because so many great operators have been attending
thi Epsom races. To-day the Stock Exchange is closed and
Monday will be a Bank holiday and a Stock Exchange holi
day, On account of all this scarcely anything has been
d ing. International securities have been well supported by
Fane. Console, British railway stocks and the like retain
their high prices, but there has been a decline in the mining
market, more particularly in South African shares, due
mainly to the mere absence of business and the desire of
mat y people to realize before the holidays.
A - already said. Monday will be a Bank holiday, Tuesday,
t»-<-23,1. will be Jubilee Dry, and on the following Saturday
«i'l t ike place the great naval review, so that most operators
»r*' of opinion that for the next two or three weeks there will
be scarcely any business.
Money cotitintjes cheap and abundant, and is likely to retorfth . , for eonie months. The Continental demand for gold
>* by no means as Hi r i ng as it was. On the other hand the
.bn fin, . • loan has been a great aucc,ss and will enable Japan
In take a considerable amount of the metal.
ib* ri i- much talk of a Chinese Government loan, but it
w. ,-r-e unlikely. A Bel.tan syndicate has obtained a contract
r-r <b‘-construction of a railway for wbioh it is bound to
r
two million* -lerling, the remaining two millions b>ing
ru . d 10 China i»s* lf. A*, however, the whole of the control
1 to w "I <'blow hand-, it seems unlikely that either Fren-h
r,r Bt'te'an investors will supply th- funds ; certainly British
capitalist* « id have nothing to do with it, Apart from this
•' r,?l* ,f ' ; :!,‘1 Ibat rl Mr. Wilson is n* gotiating for a loan of
sterling. As the frre Customs revenue is not

[VOL, LXIV

sufficient, it is alleged that the Chinese Government offers in
addition the Lekin Tax of the province in which Shanghai is
situated. It ia hardly creditable that such a loan could suc
ceed, supposing it were arranged for, because the Lekin tax
is an ieUrn:il impost. If European collectors were appointed
they would have to reside where there are no consuls, and
where, therefore, their lives would be unsafe. Besides, if
China raises so large a sum for the purchase of ships, muni
tions of war, etc,, how is she to provide for the payment of
the remainder of the indemnity due to Japan, and if she does
not provide for it, what will be the const quences ?
The silver market is very weak, but the India Council has
sold its drafts better this week. It offered for tender on
Wednesday 30 lacs, and disposed of the whole amount at a
trifle under Is. 3^d. per rupee, and it subsequently sold by pri
vate contract. The demand is due to increased stringency in the
Indian money market. The Bank of Bombay reduced its rate
of discount from 10 per cent to 9 per cent a little while ago,
but last week it put it back again to 10 per cent. It is hoped
that the large, amount of Council drafts bought last week and
this week will relieve the tension, and that as trade is so
greatly depressed and the slack season has set in, we may hope
for a gradual easing of the market.
The “ Railway News ” of London reports the traffic receipts
for the week ending May 30 of 55 railways of the United
Kingdom which make weekly returns at £1,651,853, against
£1.730,005 in the corresponding week of last year, a decrease
of £68,153. For the twenty-two weeks of the current half-year
receipts were £84,137,831, an increase of £788,115.
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 :
1897.
June

1806.

2.

Circulation....................................
Public deposits.............................
Other deposits..............................
Government, securities...............
oth er securities............................
Reserve o f notes and coin........
C oin* bullion,both departm’ts
Crop.reserve to liab ilities.. p. c.
Bans rate ................ .per cent.

£
27,679,800
11,052,085
88,700,828
13,911.171
28,413,314
26,216.341
36,026,831
80 0-16
2

C o n s o ls , 2M p e r c e n t . . .

11 7 J4 x d

1896.

J t m e S.

June

£
26,359,600
14,447,652
49,887,670
16,267.690
88,577,5B0
33,276,051
47,836,651
69W
2

189*.

6.

June 6.

£
26,036,836
8.680.939
36,782,730
13,931,202
20,548,083
27,788,041
37,021,876
62 3-18

£
24,971,266
8,705,142
32,625,0X4
0.894,335
20,249,436
28,889,335
37,060,600
6911 18
2

2

U 3 3 -1 6 x d

106x d

101M * d

Stiver.........................................
27 9-184.
8 l« t .
8 0 )0 .
28*d.
Clearing-House rcturnn.
...168,981,(100 178,202.000 108,301.0v 1 123,812,000

The Bank rate of discount and open market rates at th e
chief Continental cities have been as follows:
Bates of
Interest at
Parts-.. ........
Berlin........ .
Hamburg......
Frankfort......
Amsterdam..,.
Brussels.........
Vienna..... ..
3t. Petersburg.
Madrid...........
^ODenbatren.,.

May 28.

June 4.
Bank
Bate.
2
8
3
3
3
8
4
8
5
4«

Open Bank
Market Bate
2
m
S
M
3
m
3
m
3
2
3
2
4
SM
e
6«
6
4.
4V£
4M

Open Bank
Market Rate.
m
ZH
m
2
2
8 5-18
6«

4

414

May 14.

May 21.

2
3
8
3
3

8
4
6
5

Open Bank Open
Market Rate, Market
2
m
m
3
ZH
m
3
ZH
2X
3
ZH
m
8
ZH
ZH
2
2
8
4
3«
3«
6
m
m
4
4
5
4H
4W
4*

The rates for money have been as follows :
Interm allowed
for deposits by

opm Market Rates.

i
«

Trade Bills.
Bank Bills.
Diftc't STse
----- H Three
Four
Six
Three Four
Six
Stock gat 7 to U
e
£Q Months Months Months Months Months Months Banks. Oall. Days.
May 7 •ZH 1
1 1-16
154
m
m
in
“ 14 2 %-15-10 54-16-16 l« a i M
m
id
m
** 21 2
%-15-l6
>H®1 H 1H®% 'X m u
%
m
1
I'd
M 28 2
XS4
w
m
m
*
June 9 2.
15-10
1
ni
1M
*1

1

H
H
X
X
*

X
h
H
W

1

X
X
X
%

Messrs. Pixley & Abell write as follows uider date of
June 3:
Gold—The dem and continues as strong as ever, and in addition to tlie
m arket being cleared of rather largo supplies, tlio Bank has sold £784,000. The arrivals at the Bank total £314,000, the greater part being
in sovereigns from (lie Cape, A rrivals: W est Indies, £ 7 8 ,0 0 0 ; N ew
Zealand, 57,000; Chili, £ 1 ,0 0 0 ; A ustralia, £ 1 6 2 ,0 0 0 ; Bum bay, £ 7 2 ,000; China; £ 7 0 ,0 0 0 ; South Africa, £ 6 3 0 ,0 0 0 ; total, £1,068,000,
Shipm ents to Bombay. £3,000.
silv e r —The m arket alightty hardened a t the close of la st week, and
continued without change, and w ith very little business doing u n til
yesterday, when a few N ew York sales and the absence of demand
caused a decline to the previous rate of 27 9-16d. The Bom bay rate is
E t 77'e p ir 100 T oIii'ih. Arrivals; S e w Yura. £ t 55,0.40; Chili, .*32,
000; W est Indies, £ 1 6 ,0 0 0 ; total, *203,000. Shipm ents to Bom bay,
* 7 2,000.
M exican Dollars.—These coin have com manded little or no atten tion ,
and are nom inal in price a t 27 %d. Shipm ents to Penang, £13.800.

The quotations for bullion are reported as follows;
G o ld

June

M ay

S il v e r .

3,

27.

L o n d o n S ta n d a r d .

L o n d o n S ta n d a r d
n

B ar gold, Hue___oz.
B ar gold, parting.oz.
S panish, o ld ........ oz.
Mew.................. oz.
U , 8. gold c o in .. .oz.
O e ra rn goldeoln.oz.
F re n c h gold eotn-oz.

77
78
76
70
76
76
76

d.

«
77
78
70
76
78
76

117*
0%
Ola
1%
5*8
3%
3% 7 6

d.

I lk !
0
0>si
lW
8%
3%
3%t

June

3

d.

B a r stiv er, H ne...oz.
B ar silv er, o o n taln ’g
do 5 grs. gold.oz.
do 4 g rs. gold.oz.
do 3 g rs. g old.oz.
C ake s ilv e r .......... oz.
M ex ica n d o llars.o z.

M ay

27.
d.

270, a 270,«
2 8 ’ is 2 8 h B
27 % 27%
271ti8 2711,8
29% 29%
27% 27%

THE CHRONICLE,

J une 19, 1897-.J

The following shows the imports of oereal produce into
the United Kingdom during the first thirty-nine weeks of
the season compared with previous seasons:
IM P O R T S.

1896-7.
Im po r ts o f w h ea t, o w t.5 1 ,2 9 1 ,1 5 0
B a r le y ..............................1 7 ,5 5 9 ,3 8 0
O a t s ................................. 1 2 ,5 4 9 ,9 8 0
P e a s ................................. 2 ,5 6 9 ,3 7 5
B e a n s ............................... 2 .1 6 9 ,1 0 0
Indian c o r n .. .. .............4 6 ,3 8 3 ,7 4 0
F l o u r ...............
1 6 ,0 8 9 ,0 2 0

1895-6.
4 8 ,6 3 1 ,0 7 0
1 7 .6 5 6 ,9 6 0
9 ,9 7 8 ,3 8 0
2 ,0 1 4 ,5 3 0
2 .5 9 6 ,2 3 2
3 3 ,6 7 6 ,1 7 0
1 5 ,5 5 5 ,7 5 0

1894-5.
5 2 ,2 4 9 ,2 6 6
20,26<>,944
1 0 ,5 5 7 ,1 2 7
1 ,7 8 9 .0 7 9
3 .3 2 7 ,4 5 2
18, 9 7 ,5 1 4
1 4 ,7 3 5 ,6 0 0

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

Supplies available for consumption (exclusive of stocks on
September 1):
1 896-7.
W heat Im ported, o w t.5 1 ,2 9 1 ,1 5 0
Im p o r ts o f flour.........1 6 ,0 8 9 ,0 2 0
S a le s o f h o m e-g ro w n .2 0 ,0L 2.000

1895-6.
4 8 ,6 3 1 ,0 7 0
1 5 ,5 5 5 .7 5 0
1 2 ,5 1 2 ,9 3 4

1 894-5.
5 2 ,2 4 9 ,2 6 6
1 4 ,7 3 5 ,6 0 0
1 7 ,1 7 4 ,0 0 0

18 9 3 -4 .
4 5 ,0 2 3 ,6 5 5
1 4 ,4 5 1 ,2 4 6
1 8 .0 2 3 ,3 2 5

T o t a l........ ........... .8 7 .9 9 2 ,1 7 0 76,699^754
1 8 9 6 -7 .
1895-6.
A v e r.p r io e w h e a t,w e e k .2 3 s. 2d.
2 5s. 4d.
A v e ra g e p r ic e , s e a s o n ..2 8 a . lo d .
2 5 s. Id .

8 4 ,1 5 8 ,8 6 6
1894-5.
23s. 5d.
2 0 s. 2d.

7 7 ,4 9 8 ,2 2 6
1 8 9 3 -4 .
24s. 4 d .
2 5s. 8d.

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :

E n g lis h

1895.
3 .5 7 2 ,0 0 0
2 6 3 .0 0 0
3 3 5 .0 0 0

18 9 6 .
2 ,2 4 1 ,0 0 0
2 1 9 .0 0 0
6 1 0 .0 0 0

L a s t w eek.
; 1 ,3 9 0 ,0 0 0
' 1 7 0 ,0 0 0
5 7 0 ,0 0 0

T h is week.
W h e a t...............q rs. >
F lo u r , eq u al to q rs, $ 1 ,4 1 0 ,0 0 0
M aize................ q r s ...
5 4 0 ,0 0 0

F i n a n c i a l xllarteeta— P e r

C a b le .

The daily closing quotations for securities, &c. at London
are raported by cable as follows for the week ending June 18 :
London.

8at.

.Ifon.

S ilv e r , per o u n c e ........d. 27*3
C onsols., n ew , 2% p.ots. 112%
F or a c c o u n t ................ 112%
F r’oh r en te s (ia Paris) fr. 04-1712
A tch. Top. & S a n ta F e . 12-58
Do
do
pref. 24%
C anadian P a c ific ............ 63 %
C hesap eak e & Ohio........ 18%
Ohio. M llw . <fc 8 t. Paul
79%
D env. & Rio G r., p r e f.. 41
Erie, c o m m o n ................. I 4 7a
35
Illin o is C en tra l................ 99%
175
L o u isv ille & N a sh v ille
51%
M exican C en tral, 4 s . . . 73
Mo. K ao. fe T e x ., c o m .. 13
N. Y . C e iu ’l <fc H ud son - 103%
N. Y . O ntario & W est’ll 14Tg
N orfolk & .Vest'n, p ref. 31
No. Pao. p r e f., tr. recta. 43=8
P e n n s y lv a n ia .................. 54
P h lla. A R ead., p er s h .. 11%
S ou th ’n R ailw a y , com .9=8
P re fe r re d ........................ 30
U n ion P s o itic ...................
8
W a'iash, p r e fe rr e d ........ 1538

Wed.

Tues.

27*3
27»l8
112% 112%
112% 1121318
04*1713 01-1713
12%
1214
2413
24=8
62%
62*3
1818
18%
7934
80=8
40%
41%
1413
14=8
34
34*2
99
99
175
175
50=8
51=8
73
7213
123-t
13
103
103
15%
1 4 78
30%
30%
44%
4338
54
54
11%
11%

9=8

29%
7 78
1530

9=8
30%
8
15%

279,6
112%
112%
x 0 3-45
12%
24=8
62%
18%
80%
42%
14%
34%
99%
175
51

TK urs.

F r i.

27%

27%
112%
1123,
03-32% 03-42%
1238
12%
2 3%
24%
62
62%
17%
18%
80%
80%
41%
42%
14%
14%
33
99%
98%
175
50%
51
72%
73%
73
13
13
12 %
103%
103% 102%
15
15
15
30% 130%
30%
44
42%
43 %
54%
54%
54 %
11%
10 %
11%
938
9%
9%
29%
29%
29%
7%
7%
7%
115%
1538
15=8

112%
112 %

1167
E x p o r ts.

S ilv e r.

W eek.
G reat B r i t a in .........

Im p o r ts .

S in c e J a n . l .

W eek.

S in c e J a n .l*

South A m erio a ........
411 o th er cou n tries.

$ 9 6 6 ,8 6 5 $ 2 0 ,2 0 5 ,1 1 1
6 3 8 ,0 0 0
5 ,7 5 0
1 6 6 ,9 6 8
175
500
6 5 ,941
1 1 ,1 0 6
660

$ 1 ,3 1 6
151
4 68
1 9 ,1 8 5
1,685
31

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

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

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

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

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

W est I n d ie s ...............

Of the above imports for the week in 1897 $58,572 were
American gold coin and $1,347 American silver coin. Of the
exports during the same time $262,635 were American gold
coin.
City Railroad Securities—Brokers’ Quotations.
Bid.
Atlan. A ve., B ’k lyn —
Con. 5s, g., 1931..A&O
Im pt. 5s, g .t 1934..J&J
Bleek. S t. & F u l.F .—Stk.
1st m ort., 7s, 1900. J&J
B’ way & 7th A ve.—Stock.
1st mort., 5s, 1904. J&D
2d m ort., 5s, 1914.J&J
B’w ay 1st, 58, guar. 1924
2d Ss.intxas rent’1.1905
Consol. 5a, 1943 —.JA B
Brookivn City—8 to c k ....
Consol. 5s, 194.1...J& J
Bklyn. Croast’n 5a. 1908
B kl’n.Q’nsC o.& Sub.lst
Bklyn.O.&N’ w t’wn—Stk
5a, 1939............................
Brooklyn Rapid Transit.
5s, 1945....... .........A&O
Central Crosstown—Stk.
1st M . . 0 8 . 1922...M&N
Oen.Pk. N .& E.R iv.—Stk.
Consol. 7a, 1902...J&D
Oolnmbns & 9th Ave. 5s.
Ohrist’p’r&lOth S t.-S tk .
1 st m ort.,1898 ...A & O

Ask.

D. D. H. B. & B at’v—Stk.
1st, gold, 5s, 193Z.J& I
$103 104
77
80
S c r ip ................................
E ighth A venue—S to ck ..
30
33
$106 108
Scrip, 6a, 1914..............
200 205
42d& Gr. St. F e r .- S to c i
$106 109
42d 8t. Man. & S t.N . Av
$107 110
1st mort. 6s, 1910.M&S
2d mort.Incom e 6 s. J&J
$115 118
$104 108
K ings Co. T rac.-yS'ock..
Lex.Ave.&PavTFerry f>s.
119% 120
Metropolitan T raction..
181 %183
115% 116
Nassau Elec. 5s, 1944__
N . Y.& Queens Co.5s.l 946
103 105
Stein way 1st 6s,’22. J&J
104 106
Ninth A ven u e—S to ck ...
160
$110 112
Second Avenue—Stock.
1st mort.,5s,1909.M &£
24
24%
80
80% D ebenture 5s, 1909. J &J
198
Sixth A venue—S to c k ...
$115
Third A venue—S to c k . ..
164 168
1st m ort., 5s, 1937. J &J
112 115
Twenty-Third S t .- S t ’k.
Deb. 5s, 1903................
117% 117%
155 160
U nion B y—S t o c k ............
101 103
1st 5s, 1 9 4 2 .....................
W estch est’r, lst,g u .,5 s.

Bid.

Ask.

145
115
$101
305
100
320
35
$110
66
38
117%
110

155
116%
103
325
105
340
45
118
69
40
117%
111
95

113
160
130
108
102
185
151
123
300
100

___

$104%
$100

115
170
140
109
105
190
152
103
103

$ And accrued interest.

Gas Securities—Brokers’ Quotations.
Bid. Ask.

GAS C O M PA N IE S.

B’klyn Union G as—Stock. 108
113
195
Consumers’ (Jersey City). 75
101
Jersey City & H oboken.. 185
105
250
N . i . & E ast R iv. 1st 5s.. 114
106
74
Consol. 5*.......................... 107

GAS C O M PA N IE S.

Bid. A sk

108% Peoples’ (Jersey C ity )...

170

80
103
195

230
105
52
77
123
113
73
97%

260
115
107
75
109

160
102%
105
j E quitable....... .".................... 227
103
St. P au l................................. 49
70
121
112
Common'................ ......
70
i
96

—The United Traction & Electric Company of New Jersey
has declared a dividend of one-half of one per cent on its capij
©aramerctalattd Ifltscellauecrus I^eurs tal stock, payable July 1.
—Dan Talmage’s Sons’ Company has declared a quarterly
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New York for the week ending for dry goods dividend of 2 per cent on the preferred stock of the company,
June 10 and for the week ending for general merchandise payable July 1.
June 11; also totals since the beginning of the first week in
Auction Sales.—Among other securities the following, no
January.
regularly dealt in at the Board, were recently sold at auction
F O R E IG N IM P O R T S A T N E W Y O R K .
By Messrs. R. V. Harnett & Co.:
F or w eek.

18 9 7 .

1896.

1894.

18 9 5 .

D r y g o o d s ........
G enu m er’d lse

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

T o ta l ........
S in c e J a n . 1.
D ry g o o d s ........
G en ’l m er’d ise

$ 1 0 ,9 0 6 ,9 0 7

$ 9 ,0 3 2 ,7 4 7

$ 9 ,3 3 0 ,9 2 5

$ 7 ,3 7 6 ,0 8 9

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

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

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

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

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

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

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

T otal 2 3 w eek s $ 2 5 3 ,1 5 2 ,4 7 3 $ 2 1 8 ,5 8 1 ,6 4 8 $ 2 3 2 ,2 8 2 ,0 9 7 $ 1 9 4 ,0 3 5 ,2 8 3

The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 14 and from January 1 to date :
E X P O R T S FR O M N E W Y O R K F O R T H E W E E K .

1897.
Por th e w e e k ..
P rev. rep orted

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

18 9 6 .
$ 3 ,0 1 8 ,1 2 3
1 6 1 ,4 6 3 ,0 2 3

18 9 5 .
$ 7 ,1 4 9 ,5 7 5
1 4 6 ,9 7 0 ,0 0 1

1894 .
$ 6 ,4 4 6 ,9 4 0
1 6 0 .3 4 1 ,6 7 4

T otal 2 3 w eek s $ 1 8 2 ,0 9 3 ,6 4 5 $ 1 7 2 ,4 8 1 ,1 4 6 $ 1 5 4 ,1 1 9 ,5 7 6 $ 1 6 6 ,7 8 8 ,6 1 4

S hares.
S hares.
3 0 R eal E sta te E xch an ge &
2 5 G a in sv ille C otton Seed
A uction R oom , L lm .71% -75%
O il & G in C o.....................
5
25 R ockdale Oil C o................. 10 i
B o n d s.
4 5 L avaca Oil C o ..................... 7
$ 2 1 ,4 0 0 In tern at.D evelop ra’t
29 V elasoo Oil C o........... — $5
75 T aylor Oil Mill & Gin Co. $5
Co. 1 st 5s, 1 9 0 4 ............. $ 3 ,0 6 1 13
$30,0C 0 V elasco Oil Co. 1st
$ 5 0 ,0 0 0 A laska G old Syn di
8 8 ,1 9 0 4 ............................... ...
30
c a te C o .. . ........................$ 5 0 lo t

By Messrs. Adrian H. Muller & Son :

B o n d s.
$ 3 0 ,0 0 0 L onsdale-B eau m ont
W ater Co. of K n o x v .,T e n n .
1 st 6 s ..................................$ 1 ,0 0 0 lo t
$ 1 ,0 0 0 J e rse y C ity 6 s W ater
Scrip, 1907. J& J _ _ ..1 0 7 & in t.

The following table shows the exports and imports of specie
at the port of New York for the week ending June 12 and
since January 1, 1897, and for the corresponding periods in
1896 and 1895 :

D a u b in g

E x p o r ts.
I
Im p o r t/.
| ---------------- -------------------- 1------------------------------------8ince J a n . l
S in c e J a n . l .
W eek.
W eek.

G reat B r i t a in ..........
G e r m a n y ...................
W est I n d ie s ..............
M e x ic o ........................
Sou th A m e r ica ........
A ll o th e r c o u n tries.
T o ta l 1 8 9 7 ..........
T o ta l 1 8 9 6 ..........
T otal 1 8 9 5 .........

$ 2 6 0 ,0 0 0
2,6 3 5
30
529

$ 9 7 9 ,6 6 0
9 ,1 6 3 ,6 7 2
7 ,3 3 0 ,0 0 0
4 6 7 ,2 2 7
30
1 4 4 ,2 6 5
5 0 0 ,2 0 0

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

$ 1 1 2 ,6 0 6
$ 5 1 ,7 7 0
1 2 ,3 3 2
2 ,3 7 0
$ 6 6 ,4 7 2
8 2 ,2 1 2
131,533

10
1 ,1 0 1 ,9 0 6
6 3 ,0 3 9
2 7 7 ,2 0 0
1 6 4 ,1 08
$ 1 ,7 1 8 ,8 6 9
1 8 ,3 6 8 ,0 1 4
2 0 ,1 5 3 ,3 1 1

and

^ fin a n c ia l.

S p e n c e r T r a sk

E X PO R T S ANT) IM P O R T S O F S P E C IE A T N E W Y O B K .

G old.

B o n d s.
$ 5 ,0 0 0 U n ion F e r r y Co. of N.
Y. & B ’klyn , 5e, 1920.M &N.104%
$ 1 ,0 0 0 Ne w ark T elep hone Co.
Gen. 6s, 1916. J& J ........ $ 4 0 0 lot
$ 5 i 0 M etrop. G as L . Co. 1st
6 s, 1901. F& A ..........106% & in t
$ 3 ,0 0 0 28th & 2 9 th St. C ross
to w n RR. 1 s t 5 s, 1996,
euar. A&O ............. 1025a & int.
$ 1 3 ,0 0 0 E tn a Coal & Iron Co.
6s, 1945. F eb., 18 9 7 , coup,
o n .................................................- 11

S h a res.
4 7 M echan ics’ N a t’l B a n k .. 193%
10 N. Y. B a la n ce D ock Co $ 2 0 lo t
3 M em b. N . Y. Prod. E x.
(all du es paid ). $ 1 1 0 to $ 1 5 0 ea.

C o. j

&c

B A N K E R S
27 & 29 P IN E ST R E E T ,
65 S ta te S treet, A lb a n y .

INVESTM ENT
GEORGE BARCLAY
M

o

f

a

YORE

SECURITIES.

M O FFA T.

f

NEW

A L E X A N D E R M . W H IT E , J «

t

&

W

h

i

t

e

,

BANKERS,
NO. I

NASSAU

S T R E E T ,

-

.

I NVEST MENT SECURI T I E?

F W

YORK

THE CHK0N1CLE,

n«8
V h e

US.
ITAen
P a ya b le.

P er
O ent.

9 f C o m p a n y,

Books closed.

J u n e 18.
t t n i l r o n d * ( J il e m u ) .

B eech Crrrk. tim r, iqnmr.)— . . .
a4m &&Ul lirfB.

rUtfW>mpf pr«?f.------- . ... . . . ------

I , v s h o r e A Stick. S outhern...
HleMKas Central...........................
S ew London K' rilii'in (q u a r).
V Y. O n * .V Had River (q u ar)
K. Y.
H. A Hartford (q u ar) ..
Northern Central..........................
St L < ttl*A 8,n Fran. I s t p r e f...
Southwestern (Gad ........ ........
S tr e e t H a l l w a y s .
Baltimore City Pass* n g e r ----- ..
tJBlt.Tr A Elec, (Prot Utr nci'.lt.I.)
Hit u k a .
B ow ery............................................
Do (eJttn)............. .................
Ptftk Avenue (Brooklyn)............
H-.a IIto n ....................................... .
Hanover Xutlotml................ .........
Irving Salim m )..............................
Nhesao Kailotial (Brooklyn).......
Twenty-sixth Wart) (Brooklyn).
National bank ot Commerce.......
WalLabout (Hr. ok'ytij................
T r n M C o m p a n ie s .
Atlantic quar ) .............................
Continental iquar.).......................
Franklin (Brooklyn).....................
Guaranty.............................. ...........
Era! E s ta te .....................................
Title Guarantee A Trust (quar.).
United States Mort. A Trust—
F ir e l u a u r a o t r .
American.........................................
I t H s c e lla n e o o * .
American Bell Teleph. (quar)
do
do
do
(extra)..
Dan Talmace’a Sons prof, (quar.)
Edison Elec lit.o f N. Y. (quar,).
Equitable Gas I.. o f ft Y. quar ).
Merpei thaler Linotype (quar
Sew Orleans Gas Ltplit .............. j
Old Dominion Steam ship...........
Procter A Gamble pref (quar.) ;
K. I. Perk. Horseshoe pf. (quar.)i
Street's West, Stable Oar L, corn.
do
do
prtf.;
Texas A Paciflo Coal, q u ar.)...
Onion Ferry (quar ).................
Westlnghouse Airbrake (quar.)..
(extra) ■■1
Do__________ do

1
1
2
3
2
2%
1
2
3
2
5

J n ly
A US.
Ju ly
AUK.
A uk.
J u ly
J uly
June
Ju ly
J u ly
J u ly

1
2
15
2
2
2
lh
SO
15
6
6

5

J u ly
J u ly

i
1

|

|

2 ts
3
5
4.

Juno 24
1
J u ly
July 1
July 1
1
J u ly
—
J u ly 3
20
—
Jun e 2 3
June 20

to
to
to
to
to
to
to
to
to
to
to

J u ly
J u ly
J u ly
J u ly
J u ly

J u ly
J u ly

to
to
June
Ju n e
Ju n o
Juno
June
June
June

19
20
15
:19
19
16
27
'

to
to
to
to
to
to
to
to
J u n e 2 0 to
2
26
22
22
24
22

J un e 30
J u ly 1
J u ly l
J u n e 30
J une 3 0
J u ly t
J u ly 5
J u ly 1
J u ly 1

2%

2
its
2
5
3 ts
2
3

J u ly
J u ly
J u ly
J u ly
J u ly
.July
J u ly

J u ly
June
June
June
June
Jun e

J u ly

J u n e 2 6 to J u ly

0

3
4

!%}
2

I 'l l

3
2k*
3*8
3
2
1%
%
3*2
1
1
2% .

J u ly
J u ly
Aug.
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
Ju y
J u ly
J u ly
J u ly

1
14
15
14
14

J u ly 15
June 30

J u ly
Ju ly
Ju ly
J u ly
J u ly
•July
J u ly
J u ly

15 J u ly
June
J u ly
J u ly
June
J u ly
Jun e
J u ly
J u ly
J u ly
1 Ju n e
J u ly
Jun e
10 J u ly

to
to
to
to
to
to
to

1 to
2 6 to
11 to
2 to
22 to
8 to
18 to
1 to
2 to
10 to
2 0 to
1 to
2 2 to
1 to

J u ly
J u ly
June
June
June
J u ly

11
1
30
30
30
1
1

J u ly 14
J u ly 1
Allg. 2
J u ly 15
J u ly 1
J u ly 15
J u ly 1
J u ly 15
J u ly 15
J u ly 19
June c0
J u ly 20
J u ly 1
J u ly 10

W A L L S T R E E T , F R I D A Y , J U N E 1 8 . 1 8 9 7 - 5 P . 91.

The Money Market anil Financial Situation,—Evidence
that the general business situation is expected to improve is
found in a review of the transactions of the week In Wall
Street, Well-directed and persistent efforts to bring about a
reaction in prices was temporary and only partially success
ful, followed by a further upward movement, which is
the result of the more hopeful feeling that now so generally
prevails. There has been a fair amount of purchasing for
investment this week, including railway and Government
securities. Of the latter the 4s of 1925 have made a new
high record, selling at 125%.
Railway securities were favorably affected by another
Supreme Court decision in favor of the management of rail
road traffic rates by the duly authorized officers of the com
panies. Reports of earnings by some of the granger roads
and prospects of the spring-wheat crop were also favorable
factors of considerable impoitanoe.
The demand for foreign exchange has increased as the
week draws to a close, stimulated no doubt by the approach
ing July first settlements of interest and dividends maturing
abroad. Under this increased demand rates have advanced.
In addition to a shipment of $600,000 on Thursday, $350,000
of gold has been engaged for export to-morrow and more is
expected to go out next week.
The open market rates for call loans on the Stook Exohange
during the week on stock and bond collaterals have ranged
from 1 to 3!q per oent, To-day’s rates on call were 1 to 1%
per cent, Prime oommeroial paper quoted at Sito ‘A%per oent.
The Bank of England weekly statement on Thursday
showed nn increase in bullion of £508,691 and the percent
age of reserve to liabilities was 51-29 against 50-55 last
week : the discount rate remains unchanged at 2 per oent.
The Rank of France shows an increase of 8,525,000 francs
In gold and 1,625,000 francs in silver.
The New York City Clearing-House banks in their statement
Of June 12 showed an increase in the reserve held of $3,244,500
and a surplus over the required reserve of $47,001,475, against
$15,320,825 the previous week.
‘ °

t!*p!U l.................
Karpin*...............
IdMKfts k dlm'ntM.
Qta&aimMan
tVrpoidla. . . . .
Specie,*..
ufNgrad tender**,
Mesmrwt JseM,,,*.
hm-gml
*..
fSarpiiiji TmKTfe

1897.
J u n e 12,

D iffe re n 'sfr’m
Free, week.

1890.
J u n e 13.

1895.
J u n e 15.

♦
60,022.700
74,861,050
513.728,700
14,251,500
685,110,500
89,267,800
104 611,300
193,878,100
146.277,625

«

*
60.022.700
74.075.700
474,278.300
14.510.900
496,879,100
02.391.900
82,489,500
144,884,400
124,207,350

*
62.622.700
72.302.700
507,925,500
13,246,500
568.816.000
06,219,300
113,893,600
180,162,900
142.201.000

Tno.1,810,000
Deo.
70,800
Itio,3,855,400
Deo.
43.100
Ino 3,287,600
Jno,3,744,500
Ino. 983,850

.

Foreign Exchange.—The market for foreign exohange has
been firm on a better inquiry for bills, and rates are some
what higher.
To-day’s aotual rates of exohange were as follows: Bankers,
sixty days’ sterling, 4 86>q@4 86j^; demand, 4 B7%@i 87% ;
oables, 4 87*.{@4 8?M* Posted rates of leading bankers follow :

j a n k e r s ' Q iax e tts.
UI V I D E N

(VOL. L S I

47,601,475 In o .2,280,650 20,077.050 37.958.900

S ix ty D a y s.

D em and.

Prim e b a n k e rs’ s te r lin g L ilia on L o n d o n .. 4 8 « % » 4 87
4 88
4 85% A4 86
D o cu m en ta ry oom m eroial............................. 4 85% A4 85%
P a r is b a n k ers' (fra n es).................................... 5 1013,a-5 16% 5 1415,*® 5 1 5
A m sterd am (g u ild ers) b a n k e rs...................
40% ® 403,s
4051ea4 0 %
F r a n k fo r t or B rem en (relohm arksl b'kers 95% A 95=,s
9 6 i i 1aa9S %

i'he following were the rates of domestic exohange on New
York at the under-mentioned cities to-day: Savannah, buying
1-16 disoount, selling par ; Charleston, buying par, selling %
premium; New Orleans, ijank, $1 50 premium; commercial,
25c, premium; Chioago, 60o,@70o, per $1,000 premium; St,
Louie, 85c.@50o. per $1,000 premium.
Dnited States Bonds.—Sales of Government bonds at the
Board include $148,000 4s, coup,, 1925, at 124% to 12t>%;
$12,500-is, coup., 1907, at 118 to 118M; $4,(00 4s, reg., 1907,
at HIM to 111^, and $3,000 os, coup,, at 114^, Folio wing are closing quotations:____________________________
June
12

June
14.

June
)5 .

June
16.

June
17.

June
18.

9 6 * 8 6 * 96 * 9 6
2 s ......... .................. reg.
• 96 * 86%
11U<} 111% *1)1%
110% ‘ 110% *111
4a, loo?.......... reg,
113*4 113
113% 113
*113
4s, 1 9 0 7 ...........o o n p .
*113
:-124 k l “121% *125 *125 *124% *124%
i s , 1 9 2 5 ............... r eg .
I 1 2 4 7„i 125
125% *125%
I s , 1 9 2 5 ............coup.
*113=S:*113% '113% *113% *113% j*1137e
5a, 1 9 0 4 ................reg,
'113=8 ‘ 113% *113% *113% *113%' 114%
5a, 1 9 0 4 ............ coup.
*ioi%;*ioi% ■101% *101% *101% *101%
6 s, our’o y ,’9 8 ...r e g .
*1C4% *104% *104% ‘ 101% 104% *101%
6 s , o n r ’o y ,’9 9 . . .reg.
*101% i*10i% *101% *101% 101% *101%
4 b, (Cher.) 1 8 9 8 .reg.
*101%>*101% *101% *101% *101% *101%
4 s , (C h e r .)1 8 9 9 .r e g .
' T h is Is th e p r ic e o ld a t t h e m o ru in g ooaril, n o s a le w a s m a d e.

United States Sub-Treasury.—The following table shows
Date.

Receipts,
$

J u n e l2
“ 11
" 15
“ 16
“ 17
>* 18

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

T otal

2 0 ,3 5 5 ,8 0 0

B a la n ces.
P a y m e n ts.

O oin.

Ooin Oert’s. C urrency.
$

2 ,6 3 2 ,4 2 0 1 4 0 ,4 1 6 ,0 5 0
2 ,9 1 9 ,4 2 7 :1 4 0 ,4 1 7 ,4 1 1
3 ,0 0 8 ,6 9 9 142,3 9 8 ,4 3 7
2 ,8 9 6 ,3 8 0 14 2 ,3 9 ,3 2 2
3 ,4 5 4 ,4 6 2 1 4 2 ,2 7 4 ,1 1 9
3 ,5 9 8 ,5 0 5 1 4 1 ,9 9 3 ,0 2 1

1 ,7 5 7 ,3 9 0
1 ,8 7 9 ,i2 6
1 ,7 5 8 ,3 2 3
2 ,0 3 1 ,7 9 3
1 ,9 5 7 ,2 5 3
1 ,8 7 2 ,3 4 5

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

State and Railroad Bonds.—Sales of State bonds at
the Board are limited to $3,000 Virginia fund, debt 2-8s of
15)91 at 64%, $3,0(0 North Carolina 6s, 1019, at 137 and $3,000
Ni rth Carolina Is at 105%.
There has been very little tendency to reaction in the mar
ket for railway bonds and in some cases prices have steadily
advanced through the week. The investment demand for
this class of securities continues and offerings are readily
absorbed. The Texas & Pacific issues have been conspicuous
for activity and strength. Columbus H. Y. & Toledo 5s, Du
luth & Iron Range, Kansas Paoifio and Wisconsin Central
have advanced from 1 to 4 per cent. The active list in
cludes Atchison, Chicago & Northern Pacific, Chesapeake &
Ohio, Rock Island Fort Worth & Denver City, Milwaukee &
St. Paul, Minneapolis & St. Louis, Missouri Kansas & Texas,
Mobile & Ohio, Northern Pacific, Oregon Railroad & Naviga
tion, Oregon Short Line, Reading, St. Paul Minn, & Mani
toba, San Antonio & Aransas Pass, Southern Railway, Union
Pacific, Union Paoifio Denver & Gulf, Wisconsin Central and
Wabash bonds.
Railroad and Miscellaneous Stocks.—The unusual ad
vance in prices which was the principal feature of the stock
market last week was followed by profit-taking and a tem
porary reaction during the early part of this week.
The bear element met with little encouragement however,
and in a majority of cases the active list closes higher than
our last quotations. The grangers have been leadeis of the
railroad list, both in strength and activity, on reports of in
creasing traffic and excellent crop prospects. The advance
in this group averages about 1% per cent. Central of New
Jersey has made a further recovery from its recent heavy de
cline, selling at 85 on Wednesday, an advance of nearly 10
points within a week. The shares with an international
market have been under the influence of arbitrage opera
tions, which in some cases has resulted in fractional declines,
Cleveland Cincinnati Chicago & St. Louis common has ad
vanced a point, while the preferred,owing to a suspension of
dividends, declined 7 points on the offering of a few shares.
Announcement of the date of payment for the dividend of
3 per cent on St. Louis & San Francisco first preferred
directed attention to all the issues of the company and better
prices were made for the first and second preferred.
American Sugar continues the prominent feature of the
miscellaneous list. It sold ex-dividend on Wednesday and
closes at 124%, Chicago Gas has also been in favor and ad
vanced to the highest quotations recorded for it in recent
years. Consolidated Gas shows a net gain of 6% points,
American Tobacco, Tennessee Coal. Iron & Railway, West
ern Union and United States Leather preferred are higher
than last week.

THE CHRONICLE.

J une 19, 1897.]

1169

NEW YORK STOCK EXCHANGE—A C T I V E S T O C K S f a r week en d in g J U N E 18, 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 n e 12.

12 % 123s

M onday,
J u n e 14.

12 %
23 at
10 %
22 %
615s
50%
82
9%
17%

12%
24%

T uesd ay,
J u n e 15.
12%
23%
11%
23%
61%
50%
82%
•9%
17%

12%
24%
11 %
24%
61%
50%
85
10%
17%

W ednesday,
J u n e 16.

12

12 %

T hursday, | F rid ay,
J u n e 17. I J u n e 18.

STOCKS.

S ales o f
R an ge fo r y e a r 1897.
th e
[ O n b a sis o f 1 0 0 -sh a re lo ts. 1
W eek, ----------------- ------------------------ 1
Shares.
L o w est.
H ig h est.

A c tiv e R R , S to c k s .

8,4 1 2
12
1214' 12i8 1 2 14 A tc h iso n T opeka & S an ta Fe.
Do
p r e f. 2 4 ,958
2314 2 4 I 23 5s 2 4 V
1,9 5 3
1114 1114 B altim ore & O hio.......................
11*4 1 1 V
2 4 V 21 % 2 4
2 4 s> B rook lyn R apid T r a n sit.......... 2 0 ,205
1,3 5 0
*6012 6 II 2 61% 61% C anadian P a c ific .......................
4,741
495a 50141 50*4 5 0 V C anada S ou th e r n .......................
81% 8314 1 8 2 7s 83 % C entral o f N e w J e r s e y .............. 4 6 ,371
2 30
10 .Central P a c ific .............................
*914 10V| 10
8 ,4 7 0
1714 17 V 173s 18 C hesapeake & O h io...................

9% A nr. 19 12% Mar. 3
17 A pr. 19 25% Jan . 3 0
9% J u n e 4 18 Jan . 8
23%
18% Jan . 7 24% J u n e 1 6
61%
46% Mar. 29 62 % J u n e 11
50%
44% Jan . 13 51% M ar. 17
85
68% M ay 24 103% Jan. 1 9
10%
7% Apr. 20 15 J a n . 5
17%
15% Mar. 29 18% Mar. 1 5
.....................IC hicago <fe A lt o n ..........................
§150 M ay 24 §170 Mar. 1
80% 81%
8158 8 2 ^ C hicago B u rlin g to n & Q uincy 11 1 ,5 8 2 69% Ja n . 5 82% J u n e 1 8
80% 81% 8 0 >2 8 2 is
79% 80% 79% 81
*37
40 C hicago & E a ster n I llin o is . . .
40
40
*37
40
*37
*37
40
*37
4 0 I *37
37% J u n e 7 45 Mar. 13
*95
98
10 § 9 5 Ja n . 8 §98% F eb
‘96
98
98
Do
p r e f.
3
598% 98%
*96
99
*95
78% 78%
7 8 i2 7914 C hicago M ilw au k ee & St.^Paul 106,191 69% Apr. 19 79% J u n e 18
77% 78% 7 7 7e 79
77% 78% 77% 78%
1 3 7 i« 138
2,7 1 0 130% M ay 6 138% M ar. 18
Do
p r e f.
135% 135% 135% 135% 1 3 6 136% 1 3 6 136% 1 3 7 137
108% 1 0 9 I 108% 110% 109% 110% 1 0 9 110% 1 0 9 1 1 0 V 11010 11078 C hicago & N o r th w e ster n ........ 2 2 ,499 101% Apr. 19 1 11 J u n e 5
100 153 Ja n . 12 157% J u n e 15
157% 157%
. Do
p r e f.
693s 71
69% 70%
69% 70%
7 0i2 7118 C hicago R ook Isla n d & P acific 3 7 ,3 6 0 60% A pr. 19 71% J u n e 18
69% 7 0
69% 69%
5812 593e C hicago St. P a u l M inn. & Om . 1 0 ,6 5 0 4 7 Jan . 2 64% M ar. 17
58% 59%
58% 59%
58% 58% 5 8 V 5912
57% 58%
201 133% Jan. 18 14 3
1 4 2 145 ™
'142 145
1 4 3 143
M ar. 2 9
'143 145 §145 145
Do
p r e f.
1 4 3 143
24
2 4 C leve. C incin. Chic. & St. L ...
7 ,4 4 4 21% J u n e 1 33% M ar. 17
23% 24%
23
25
23% 24%
24
2412
24
24
200 6 3 J u n e 16 8 0 M ay 6
70
70
Do
pref.
63
63
1,6 6 0
2%
3%
212
52% 2 %
n b u s H o c k in g Y al. & T ol
1% A pr. 30 18 Jan . 8
2%
2%
314
3%
_
Do
p r e f.
4 0 Ja n . 21 4 6 Jan . 21
9 ,9 6 6 99% Apr. 1 121% Jan . 6
108% 109% 108% 109% 108% 108% 107% 109% 1 0 7 1091s 108 108 D e la w a r e & H u d so n ..................
1,200 140% M ay 20 157% Jan . 1 8
r151 .......... 1 5 2 1 52 D elaw areL aokaw anna& W est
151% 151% *151 ......... * 1 5 1 % ............ 1 5 2 1 5 2
100
D e n v e r & R io G r a n d e ..............
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11% 11% *10% 11% ♦ lO k I I I 4
9% A pr. 20 12% J a n . 19
4 0 0 3 6 A pr. 20 43% Feb. 1
40% 40% * 40is 41
40% 4 0 % *41% 4 3
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Do
p r e f.
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1,3 0 0 11% A nr. 19 15% Jan . 18
14% 14% E r i e .................................................
14% 14% 14% 14%
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18 2 7 A pr. 19 35% J a n . 18
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*33
35
Do
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Jan . 15
Do
2d p r e f.
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18
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120 125
1 2 0 1 2 5 ‘ 1 2 0 125 G reat N orthern, pref,
*120 1 2 5
1 2 0 Jan. 16 1 22 F eb. 5
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1 ,8 5 0 91% A pr. 19 9 8 J u n e 1
97%
597 9 7
97
97
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9714 97% 97% Illin o is C en tral__ __
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7
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6 A pr. 15
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2
7
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2
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|
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6
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6
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p r e f.
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15
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64
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69
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1 ,1 9 6 15 2 Jan. 2 1 72 Mar. 1
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on
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.....................
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4
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0
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49% 50 L o u isv ille A N a sh v ille .............. 2 9 ,9 9 7 40% A pr. 19 52% Ja n . 19
49% 50%
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2
5
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1
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87
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86 I2 88i0
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109% 1 10 M etrop olitan T raction.
110
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5
10
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ichigan
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en
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.
.
.
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0 Jan . 28 1 00 Mar. 1 5
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§19
19 M inneapolis A S t. L o u i s ™ "
20
*19
20
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20
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2
6
0
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81
77%
Mar. 18 81 J u n e 15
82
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o
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9 60 4 6 Feb. 26 50% Ju n e 18
50
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49
49
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50
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1,9
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0
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pr. 19 14% Ja n . 18
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e
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s
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1278
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Do
p ref. 1 7 ,521 24% A pr. 19 32% Mar. 18
31%
30% 31%
30% 31% 31
30*2 313s 3038 31*4 30% 31% . . .
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7
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a
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.
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.
.
.
.
.
.
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ay 6 24% Ja n . 18
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18V
451 18 J u n e 3 22% Jan . 12
20 % 20 % *20
21 i« *20
*20
21
20% 20%
2112 20% 20% M obile A O hio___
§
7
0
Ja
n . 25 § 71 J u n e 8
N ash v.C h attan oogaA S t’. Louis
9,6 4 4 92% F eb . 18 1 02 Mar. 2 2
1 0 1 101% ioo% ioi% N ew York C en tral & H u d so n .
100% 101% 101 101 % 100% 101% 1005a 101
*
12
%
13%
11
Feb.
11 14% M ar. 15
13%
12% 13% *12 % 1314 *12% 13%
N e w Y orkC hloago & St. L ouis
*12% 13% *12
110 67% A pr. 15 75 Mar. 17
*62
75
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7 5 I 568
*62
75
68
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7 5 I *60
g°
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4
0
0
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2 4 F eb. 10 34% Mar. 17
‘ 29% 31
32
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32% *3112 32
Do
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86 1 6 0 F eb. 2 §178 Jan . 4
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1
,6
6
0
12% A pr. 19 15% J a n . 18
1438 1458
14% 14% 14% 14% N ew Y ork O ntario & W estern.
14% 14% •14% 14% *14% 15
1 ,8 2 0
10 N ew Y ork Susq. & W est., n ew .
9
6% M ay 28 1 0 J u n e 18
9
9
8 % 8% *8% 9
8%
8%
8%
*8
7
,5
6
4
28
18% M ay 20 2 8 J u n e 18
24
26
23% 24%
24
22% 23%
Do
pref.
24
25%
23% 23%
3 56
10% 12 N orfolk & W e s te r n ...................
9 A pr. 19 14% M ar. 11
11
11% 11%
12
11
•11
12 % 11 % 11 % 511
3 82 22% M ay 5 30% J u n e 11
Do
p r e f.
29%
29% 29%
29% 29%
29
*29% 30%' 530% 30% 529% 293s
14% 15 Nor. P aoiiloR y. v o tin g tr .c tfs. 1 4 ,2 5 8 11 A pr. 19 16% Feb. 1
14% 15%
14% 1538
14% 15
14% 15
14% 14%
5
5
,7
0 6 32% Jan . 5 43% J u n e 1 4
42% 42%
42% 43%
Do
p r e f.
42% 4330 41% 42%
41% 42%
42% 42%
6 70 1 6 Ju n e 8 20 J u n e 9
2 0 Or. R R . & N a v .C o .v o t.tr .e tfs.
20
21
20
*18
21
18% 21
*18
*19
21 I *18
2
,6
7
5 37% Jan . S 56% J u n e 9
533*
54%
54
54
D o pref., v o t. tr u st.o tfs.
*52
53
53% 54%
54% 54%
*63
55
11% Mar. 29 14 Jan. 21
11% 13% P ittsb u r g Clnn. Ohio. A St. L .
13% *12
13*a *12
13%
12
13%
*12 % 13% *12
1
00
44% M ay 28 50 Feb. 1
47
Do
pref.
44
46
46
*45
47
*45
47
46% 47
*44
47
21% 22% R eading, v o tin g tr. o e r t ifs ... 3 8 ,665 116% A pr. 19 22% J u n e 1 4
21% 22
22
22 % 21% 22% 2 1 % 2 2 V 21% 22
1 st pref., v o tin g tr. o e rtifs. 2 2 ,1 8 1 t 38% A pr. 19 47% J u n e 1 5
47
46
45% 46%
46% 47
46% 46% 46% 47%' 4 6 V 4 7 V
7 ,4 9 5 1 22% A pr. 19 28% J u n e 1 4
27% 27% 2d pref., v o tin g tr. o e rtifs.
27% 27%
28% 28% 2 7 V 2 8 V
27% 28
28
28
R io G rande W estern ..................
1 03 §116 M ar. 8 §119 J a n . 18
♦11712 11812 *1171* 11712 *11712 11812
- .,1 1 7 % §118% *117% 118% *117% 118% R om e Wa te r to w n & O g d en sb .
3% J u n e 1 4
4 07
3% J u n e 1 4
3%
3% St. Jos. & Gd. I sl., v o t.tr .c tfs.
3%
3%
3%
*3
3%
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3%
3V
4
*3
4 ,7 2 2 37% J u n e 10 41% J u n e 18
Do
1 s t p ref
3 9 V 4 l 78
39% 38% 39%
38% 38%
38% 38%' 38% 39%, 39
1
2 Ju n e 10
2,6
1
2
11 J u n e 10
12
Do
2d p r e f.
11% 11% 12
11% 11%
§10% 10%
11% 11%' 11% 11%
§60% M ay 11 6 2 M ay 20
63 St. L o u is A lt. & T. H .,tr .ie o ts
*60
63
‘ 60
63
*60
63
*60
6 J u n e 14
3,4 9 9
4 A pr. 19
5 V St. L. & S an F r., vo t. tr. o tfs.
5%
6
5V
5%
5%
5%
5%
5%
5%
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5%
1 7 ,610 3 7 Jan. 29 50% J u n e 18
Do
1 s t pref.
49V 50V
49% 49% 48% 49%' 48% 49%
50
48% 49%
49
17%
J u n e 15
3 0 ,912 1 2 A pr. 15
1 6V
Do
2d pref.
16% 17
16% 16%
17
16
16% 17%
16
16%
4% Jan . 18
3 50
1 Apr. 1
3% '8t. L on is S o u th w e ste r n .. . . . . .
*3%
3%
*3V
3%
§3%
3%
3%
3%
3%
3%
3%
11%
J
a n . 18
1,335
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8%
Do
pref.
9%
9%
9
8%
$8V
9%'
9%
9%
9%
9%
5 0 0 2 0 Ja n . 4 22% J u n e 16
*22
23* St. P a u l A D u l u t h . . . . . ..............
21% 21% *21% 23
22% • f i * 24
22
21% 21%
~~
Feb.
3
7 5 A pr. 2 0 § 87
Do
pref.
*72V 87
87
87
*70
87
*70
*70
*70
87
*70
87
1 1 4 Jan. 28 118 Mar. 3
118 125
118 125
>118 125
118 125 *118 125 St. P a u l M inn. A M a n ito b a ...
*118 125
15%
Jan
.
18
1,7 4 0 13% Jan . 13
1 5 V 1 5 V S o u tb e m P a o lflo C o................
15% 15%
15% 15%
15% 15% 15% 15%
15% 15%
7 Apr. 19 1 0 Jan . 10
4 ,5 6 5
9
9% [S outhem ,votln g tr u st, oerttf.
9%
9%
9%
9
9%
9
9%
9%
9%
9%
28% 29%| D o p r e f., v o tin g tr u st, oert. 1 9 ,137 22% A pr 19 29% Jan. 19
29%
28% 29%
28% 29%
28% 28%
29% 29% 29
8 Apr. 1 10% J u n e 1 4
1 1 ,5 3 8
10
10% |T exas A P aoiflo.
10% 10%
10 %
10
10
10
9% 10%
9% 10%
4% A pr. 19 10 Ja n . 5
6% 7 % U n ion Paom o tr u st r e c e ip t s .. 1 1 ,385
8
7 %;
7%
7%
7%
7%
7%
8
7%
7%
2% J a n . 6
1
Apr. 2 4
825
2
2
(U
nion
Paoiflo
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e
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r
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G
u
lf.
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2
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4% Mar. 29
851
5%
6
*5%
5%
5%
5%
5 % *5% 6 iW abash
5%
5%
5%
4 ,2 1 5 11% A pr. 19 17% J a n . 18
15
15%l
Do
pret
15
14% 15
15%
15
14% 15%
15%
15
6% Ja n . 2
%June 1
5 00
%
% W h eelin g A L ak e E r i e . .. .
1
1
*%
%
%
%
*%
2% A pr. 15 2 9 J a n . 5
1 50
Do
pref.
*2%
*2%
4
4
3%
*2%
3%| *2% ..........
*2%
' m is c e lla n e o u s S to c k s .
9% M ay 28 15 Ju n e 1 5
14V
3,0 6 3
14% 14% A m erioan C otton O il Co
14%
14
15
12% 13
14
14
12% 12%
4,4 3 2 52% Feb. 16 62% J u n e 18
62%
62
02
Do
pref.
59% 60%
61
58% 60%
57% 69
*56% 57%
9
9% A pr. 23 14% J a n
6,0 3 5
11%
10% 11
11
11% §10 % 11
11
10 % 11% A m erioan S p irits M fg. C o___
11%
11
1,165 26 J a n . 5 34% M ar. IS
30%
Do
pref.
30
29% 30
29% 29% *29% 3 1
30% 30% *29% 80%
124% 126% x l2 2 % l2 3 % 1 2 2 V 1 2 4 V 123% 125% A m erioan Su gar R efinin g Co. 21 4 ,0 6 9 109% M ar. 2 9 126% J u n e 1 5
124% 126% 124% 126
2,4 4 5 100% Jan . 7 1 08 J u n e 1 2
Do
pref.
1 0 0 V 10 6 V 106% 106%
107% 108 X 106 1 0 6
107% 108
107% 108
73
74% A m erioan T obaooo C o .. . ........ 1 5 ,5 9 4 67% Feb. 15 79% Jan . 1 4
72% 73% 7 3 V 7 4 V
73
74%
73
73%
72% 73%
2 66 1 0 0 Feb. 11 1 0 8 M ar. 12
Do
pref.
•1 0 4 106% 105% 105% ’1 0 4 106% 1 0 4 106% §105“ 1 0 6 V 106% 106%
7% Apr. 17 13% Jan . 0
12% 13 B ay S ta te G a s ............................. 1 4 ,0 2 0
12
12V
10% 12% *~
10% 10%
10% 11
*10% 11%
88
893*
89% 90% C hicago G as Co., oerts. o f dep. 1 2 5 ,1 8 3 73% J a n . 5 90% J u n e 18
87% 88% 87% 88%
86% 88
86% 80%
7,5 2 3 136% Jan . 2 168% J u n e 18
165% 168% C on solid ated G as C o m p a n y ..
164% 160% 1 6 6 166% 1 6 5 V 1 6 6
1 6 2 105
*100% 16 2
6 ,7 7 4 28% M ay 17 36% FeD. 2
33
38% G eneral E leo trio Co
32V 33V
32% 33%
33% 33% 3 3
33% 33%
33%
7,2 3 1 21% F eb . 16 29% J u n e 1 0
28% 28% N a tio n a l L ead C o...
28% 29%
2 8 V 29
28% 28%
28% 29%
28% 28%
5 40 88% F eb . 13 9 6 J u n e 1 0
Do
pref.
96%
§95% 96% 95% 95% |9 6 V 9 0 V §96
95% 95% §95% 9 6
5 Jan . 18
3% A pr. 20
1,4 5 5
4
4% N orth A m erioan C o ...
4
4V
4%
4%
4%
4%
§4%
4%
4%
4%
1 3 ,8 7 2 2 4 J a n . 9 3 0 J u n e 1 4
29% 29% P aoiflo M a il...................
29
29V
29
29%
29% 30
28% 29%
29
29%
P ipe L in e C ertificates.
*90
*90
*90 ___
-9 0 . . . . .
*90 .......
*90 . . .
1,200 1 52 J a n . 2 164% J u n e 17
1 6 4 1 6 4 78 §165 165% P u llm an P a la o e Oar C om pany
163% 104% 184% 164% §165 1 6 5
1 03 163
0 0 J u n e 9 65% J a n . 2 7
*60% 61 Sliver B u llion C ertifica tes___
60
60% *60% 60% *00% 60% *60V 01
5% J u n e 18 11% J a n . 19
1,9 1 9
6 % 0% 5% 6% Standard R ope A T w in e
7
7
§7%
8%
6%
§0%
7%
24% 25% T en n essee Coal Iron A R R ... 2 4 ,3 4 5 1 7 M ay 20 3 1 J a n . 18
24%
24
25
24
24%
23
23% 2 4 ^
23% 24%
9 % J an. 1 9
0% M ay 22
1,1 6 5
8
8
8 U n ited S ta te s L eath er Co,
8
7%
7%
*7%
8
8
8
7%
8
Do
pref. 1 8 ,6 1 7 5 0 A pr. 22 04 Jan . 19
58% 59%
67% 58% x57% 68%
58% 59%
58% 59%
58
58
25%
J a n . 19
707 10 Jun e 3
13% 1 % 12%
13
13
13
11 % 13% § 12% 1 2 % U n ited S ta te s R ubber Co........
11% 12%
608 55 J u n e 3 76% J a n . 5
Do
pref.
62% §60% 60%
02
03
61% 61%
•59% 01% 6 2
61% 61%
8
6
>
9
M ar. 1 7
4 5 ,7 7 4 75% M ay 7
82% 83% W estern U n ion T eleg ra p h —
82% 83%
82
82% 83%
83%
81% 82%
82% 84
24

24%
10 % 10 ’s 1
21 % 22*3
* 6 2 % ..........I
50% 51
80% 82%!
*9% 10%
17% 17%!

11%

23%

23%
‘1 0 %
11%
24
24%
61% 61%
49% 50%
81% 83%
510
10
17% 17%

15%

‘ T h e se a re b id and a sked; n o s a ls m ad e.

§ L ass th a n 1 0 0 sh a r es,

t R an ge d a te s fro m lis tin g o n E ro h a n g e . A pril 8.

fH E CHBONICLE

1170

| Vox., L X IV .

s'Kvf VtiKK STOCK BXCHANttE PitICRS (ContinMOth-MAOTrVB STOCKS.
fla n g e (sa le s) in 18 9 7 .

J u n e 18.

t» A 0 W * 8"ri>0Xi,

| Indio*t** unlisted,

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B tU r o ftd S to flit*
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..
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P f * f« T**'i
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1 7 0 Feb. 177% Apr.
8% A pr.
10% Jan.
22% Apr.
29 J u n e
% A pr.
% Jan
%
107 1 0 2 Mar, 105 Jan .
105
20
16% M ay
2U% Jail.
00
55 Feb.
5 5 Feb.
6ft
75
68 Apr.
7 2 Feb.
B u r l vtlv.r R apid s A H o t.. . .100
4
1 Mur.
24i
5 Jan.
Ceilc*<i> G ri'-.it Wp.stcrti. . . .
40% Mar.
4 0 Feb.
Oi*v. L orain A W beei. p ref ..1 0 0 1 40 __
168%
.Inn.
164
170
101
A
pr.
Cicero an d A P itts b u r g ........
29 . . . . . .
7 A pr.
9 Ju n e
D r.
,5; F o l D o d g e.
..1 0 0
6*6
..1
0
0
P r o '.r r s d ,. . . . . . . . . . . . —
3 A pr.
3»g Feb.
11.100
3
3%
6% May
8 Ja n .
6
...5 0
7 J u n e 11 % Mar.
-.1 0 0 n o
F lin t A F ere M a r q u e tte ...
.........
—100
3 0 M ar.
i ’n t fe ir o t................. —. . . . .
40
27%
Apr,
35 Ju n e
as
100
50
1000
40
4%
4
A
pr.
5 Jan.
1000
D sb, Ci rtfs, B . .........
4%
2
-.1 0 0
4
2 Feb.
3 J an.
K eokuk A D e* M oines.
12
Mar. 28% Jan,
..1 0 0
10<% 14
*0«
3 2 F eb .
32
F«rb,
Keokuk * Western
7 ^ Apr.
Jan.
..1 0 0
1M Mar.
..1 0 0
Max ••»!! National tr. o tfs.
*1%
. 50 163 165 162% J u n e 167 Ja n .
M orci' v F s s e x ---- ------....
4 4 M ar.
.1 0 0
37
New England....... ..
2 9 5 F eb . 3 2 4 M ay
3 50
N. Y. A H arlem ....................
119 J an. 1 2 2 Mar.
N. Y. i *40*. A Western ---. l o o J14% 14% 10% Mar.
14% J u n e
. 100
%June
2% Jan.
%
%
.1 0 0
3% Feb.
ft Apr.
3
Peoria-fe E astern ___ . . .
fi
150 M ay 169% Mar.
.1 0 0 164 1 7 0
Pitt*, i t . W. & Chlo. s u a r ..
176* 181
180 Jan. 185 Jan.
R en ssela er & S a r a to g a .. . . .
.1 0 0
25 M ay
Kio G rands W esters n r e f..
25
100
T oledo A Ohio C entral..........
__
100
70
40
..............
Preferred........
1
2% ja n .
i%
1 June
Wisconsin Cent. vot. tr. ctfs. -..1 0
1 No price Friday

172
9
:*>9

10

la t e s t p rice tills w e ek .

R a n g e d u lle st i n 1897.

J u n e 18.

8 I n d ie a te s u n listed .

H ighest.

L o w est.

f t I /v lu H u a ti a t r i a l s a l e s . )

I kactiyk S tocks .

Bid.

A sk .

H ig h est

L ow esl.

n i s c e ll a a e o n t S to c k * .
A dam e E x p r e s s ............................... ICO
A m erican B ank N o te Co 11..........
A tnerionn C oal.....................
. . 25
A m erican E x p r e s s ................
.1 0 0
Araer. T elegraph * C ab le.......... 1 00
B rook lyn U n ion G as.................. - .1 0 0
B ru n sw ick C o m p a n y .................... 1 00
CUto. J u n o. B y . A Stock Y a r d s .100
C olorado C oal & Iro n D ev el.-.IO O
C olorado F u el & I r o n .................. 100
P r e fe r r e d ......... ............................. 100
001. <S B o o k , flo a t tr.rors.uil pd.lOO
C om m ercial C a b le_____ _______ 100
C onsol. C oal o f M ary la n d ..........1 0 0
D e tr o it G a s.......... ............................. l o o
E d ison E le c . n i. o f N , Y ............. 100
E dison E lco. 111. o f B r o o k ly n ..1 0 0
E rie T eleera p k & T elep h o n e . .1 0 0
I llin o is STeel...................................... 100
In terio r C on d u it A I n s ................ l o t
Jell. & Oleorf. V. & I . p r o f..........100
L aoled e G a s . . . . . . . . . ...................... 100
P r e fe r r e d .........................................100
M aryland C o a l.p r e f.......................100
M loh igaa-P en ln su lar C ar C o .. . 10 0
P r e fe r r e d .........................................100
M in n esota I r o n ............ ..........
10 0
N a tio n a l L in see d O il C o...............100
N a tio n a l Starob Mfg, C o............. 100
N e w C en tral C o a l............ ................100
O n tario S ilv e r M in in g_________ 1 0 0
P e n n s y lv a n ia C o a l . . . . . ___. . . . 5 0
Q u ick silv e r M in in g .............. . . . . . 1 0 0
P r e fe r r e d .............................
100
Standard G as, p ref.ti ...................100
T en n essee C oal A Ir< n , p r e f .. . 100
T e x » s Paoifio l a n d T r u st.......... 100
U . S. E x p r e s s ........... ............... ....I O C
W e lls. F a r v o E x p r e s s .................. 1 00

150 155
147% Feb.
43
45
110
113 " A p r.
125
112% 113
109% Ja n .
190
«0% 85 Is Jan.
103% . . . .
Sft Jan.
%
%J one
%
10 2 % May
% J an,
H%
R 9% 20
153s May
85
7 5 Feb,
3%
J 1* J u n e
-IN
1G5
162% M ay
3b
36 Feb.
20 Jan,
1155,
101% Jan .
108
110
97 F eb .
6a % Apr.
36% 3 8
20% Apr.
'a s '
23%
JY8%
<t0
46
12%
♦5
5%
6%
3 25
1
7
1 22
38'
104

155

Jan.

1 25 Jan
114% M ay
01 % Jan.
109% May
°8 Jan.
105% Apr
1 %J u n e
2 7 Jan .
8 5 May
4% Mar.
162% M ay
37% J a n
25 Jan.
117 J u n e
10 9 J u n e
67 Jan.
42 Jan.

45“
24

25
2 2 M ay
70% Mar. 83%
50
5 0 M ay
12
1 2 Jan .
52
4 2 M ay
52
3 8 A pr.
-IS
10 M ay
15
lo
5
3 M ay
n
4% M ay
5%
7 % 0% Ju n e 10%
140 Mar. 3 1 0
1%
2
1% J u n e
8 Apr. 11%
8%
102 Jan . 108
125
70
6 5 A pr.
6
6 A pr.
37 Feb.
42
41
9 7 Jan . 107
109
60

Jan.
May
M ay
Jan
F eb.
Feb.
Jan.
Jan .
Juno
Jan .
Mar.
Jan,
Jan.
F eb.
Jan.
A pr.
A pr.
June

1 A ctu a l s a le s

NEW YORK STOCK EXCHANGE PRICES.-STATE B O N D S J U N E 18
SECURITIES,

B id.

A la b a m a -C la ss A , 4 to 5 ___1 9 0 651 107
Class B, 5s...............................1906 107
C lass O, 4 6 .................................1906 100
Currency funding i s ............1920 1 0 0

Arkansas—0s, fund.H ol, 1899-1900
Non Holford..................................... ;
7s, Arkansas Central RR............
Louisiana—'7s, c o n s ............... 1914;
Stamped 4 s _____ ____
;
New consol*. I s .....................1911;

A sk110
*

.........
.........
.........
____
95% 102

SE C U R IT IE S.
M issouri—F u n d ................ 1 3 9 4 -1 8 9 5
N o rth Carolina*—6s, o l d ............. J& J
F u n d in g a c t . . . ...........................1 9 0 0
N e w bonds, J & J ..........1 8 9 2 -1 8 9 8
C hatham R R ..................... ..............
S p ecia l ta x , C lass I ..................... .
C o n so lid a ted 4 s ........................ 1910
6 s ......................................................1919
Sou th C arolina—4%s, 2 0 -4 0 .. 1933
Os, n o n -fu n d ................
1888

New York City Bank Statement for the week ending
June 12, 1897. TTe omit two ciphers (00) in all oases.
Bank of New York.
Manhattan C o....
Merchant**..
Mechanics’ ..
America.....

Capital S u rp l’s L o a n s.

$2,000.0 $1,:,041,6 $12,870,0 $2,040,0 $1,510,0 $12,680,0
5.008.0 18,175,0
2.050.0
103.1 13,496,0 2.716.0
1.350.5 14,046,2
2 ,000,0
,054,2 11,723,3 2,458,8

Phis BIX-.. . . . .
C ity .. . . . . . . . .

2 , 000,0

M

1, 000,0

TndMmfUi'ft.

(Dh^aaleal...........

Merchant*’ Exeh’ga

G aU atta.... . . . . . . —

Butchers* & DroT’ra'
Me. hani.es* & Trad’*
Greenwich
Leather Mamilao’rn.
Seventh.............. —
State of New York. .
American Exchange
Commerce . . . . . . . . . . .
Broadway...— . . . . .
Mercaotuo... . . . . . . . .
Pacific... . . . . . . .
Republic....... ...........-|
Chatham
P eop les'.----- ..

750.0
300.0

000,0
1 , 000,0

300.0
400.0
200.0

600,0
300,0
1.200.0
5.000.
5.000.
1.000. 0
1,000,0
422,7
1,500,0,
450.0
200.0

North America
H anover....—

1, 000,0

toportera’A Trafi’ra!

3 0 0 .0
1 .5 0 0 .0

P c r e i r t h ..........i

3 .2 0 0 .0

700.0

I r v in g .. . . . . . . . . .
OiUsees’ . . . . . . . .
N
........

500.0
600.0
500.0
Market A FoU«n...{ 000,0
Sh&e A Leather.....* 1 . 0 0 0 .
Cora Exchange, . . . . ( 1.000.
Oonitce nia i. . . . . . . . . , 1.000,0
P « £ T * L . . . . . . . . . . . . . . . . J 2 .000,0
Mm.% E lver.. . . . . . . . . . . I 2 5 0 .0
OeatraL... . . . . . . . . . ...J 1,000,0
K c e n d ........ . ............[
3 0 0 .0
. .J
7 5 0 .0
r t r » 5 ! 6 0 0 .0
fiMML..■**.-*...........J 1*000,0!

•«. Y, If a.*i*l ISs.ch'ge, )

M rswm t ™ . . . * .......!
New York OOocty..!
flNsrmafi American,.-;
C’lsaUe...
F ifth A W o e , . . . . . . .
Cftftnari Exchange,.
.........
trsi 1*4 fttatea*.,.....
14itcoia . . . . . . . . . . . .
fihutt*14......
F in n .............

B&ttkof lit# Metrop.'-

Wm \ HidA.
fteahoar*
m tx h ..___
Waaiero

........

Specie. L egals. Deposits.

3 0 0 .0
2 5 0 ,0 ;

200.0;
750.0
5 0 0 .0

100.0
200,0;
200,0;

6 0 0 .0 i
3 0 0 .0

200, 0 :

200.0.
300.0
200.0!
5 0 0 ,0 :

200.0
2 , 100.0

300.0;
V M m Bank
■ 1/200,0
jUherty SNo Hm k ...
500,0,
W
? .
• W m m W, k it
260,0

8,989.0 1.175.0
,089,9
479.3 18,142,0 3,049,8
232.0
267.3
4.057.0
,605,9 38,992,2 8.593.2
100.4
2,625,7
222.7
,380,9 23.554.0 4,204,4
4,025,9
949.8
184.3
946,2
,669,2
Q.961,8
1.209.6
164.9
185,9
1.805.0
255.0
224,8
1.005.0
103,6
2.968.7
350.0
U s
1,617,1!
258,5
159.1
52513 3.043.0
448.2
0 2, 22,887,0) 2,103,0
668,0
0 3, 21.881.1 2.801.2
1, 619.7
5.917.1
728.1
1, 013,6
698,
8.227,0
433.2
490.4! 2,465,3
889,51 12,461,9 2,457,2
5,971,7j
641,2
972.2
1,591,9
238.4
985.0
0,322,3
591.8
, 100,8 17,603,4 5,378,7.
2,873,0
355.4
324.8
408,6: 2,603,4
515,1!
282.4
2,298,6!
192.8
5,629,1!
,009.7
3,884.7!
130.2
446.0:
0 i
8,907,6 1.447.5
0
,243,0;
4.429,11
220.5
070.0
1,757,3
304.2
.655,7 22.927,0 3.347.0
,218,3 j 24,8(58,7 9.570.6
.......... 1/228,2
103,3
144,41
2,108,3! 21.916,2: 2.922.8
7,271,0- 1.959.0
520.6
868.0
5,041,0.
681.6
469,0
289,3| 3.279,7!
7,037.91 22,3 29,0 3.619.8
1,280,6
257,9
1,327,5
56,8
152.4
898.8 2.722.0, 422.0
428.9
635,6
2,732,8!
380,45 2,093,0;
279,2
1,502,81 10,297,1 4r381,5
7.440.0 j 1/245,0
1,108,3
' 660,2; 2,326,2!
23«,4
688,01 3,003,2;
572,9
5.000. 1 980.1
690.7
021/2
6.236.0
m%
o
761,1
4,605,5!
314.0
1.007.0
826.01 4,421,2
861,8
320,1
2.397,0!
284.0
299.8
0,244.0
775.0
1.787.0
343,4
101.0
601,5! 12,789,9.
853,8
5.021.0
949.8
887.5
886,9! 10,790.6 1,877:5
2,002,8
287,8
283,0
3.849.4
561.1
363.9
241,7
2.148.5
321.7

11:1

2.900.0
3.902.6
577.0
5,130,4
443.1
3.799.0
696,5
1,648,3
184,9
560.0
219.0
374.1
319,4
588,9;
3,134,0
3,245,3
506,0 J
1,913,9!
650.2
1/249,1
910,4)
750,9,
1,118,7
6.013.0
432,2
601.7
556.7
1,467,6
...........
518.0
1.352.0
1,472,2.
371,5
0.310,0
•1,875,7;
259,4;
4,179,6
1.923.0
9 7 1 .0

9.718.0
22.205.8
3.475.0
47,995,5
2,507,3
23.896.8
5,5 L7,4
6.658.2
1.219.3
2.205.0
984,0
2,542,9
2,041,9
2,378.2
18,130,0
17,390,0
5,082,9
8,775,6
3,111,0
13,702,0
5,952 3
2,617,0
6,986,4
26,484,4
2.878.0
3.813.0
2,028,9
0,370,0
3,547,4
10,233,4
5,888,0
1,730,0
20.072,0
34.888,9
1,264,8
23,958,8
10.078,0
0 ,0 8 4 ,0

789.0 3,908,0
2,619,4 21,721,2
874.01
892,5
178.7 1,220,9
570.0 3,096,0
317,7, 3,438,8
400.2 2,542,8
3.867.8 22,585 5
1.101.8 8,503,0
884,2, 8,092,8
888,3! 3,907,5
907,7; 8,407,0
1.303.8
7,389,2
516.0
5,383,6
312.7
1.931,1

1.750.1
480.0

0,438,7
2,804,0

1.422.0 7,705.0
263.0
1,571,0
6,064.3 16,470.4
815.2 5,056,0
1.031.0 11,275.0
63 4,4 2,937.2
409,9 3,498,4
240.3 2,288,0

. T °» » i--------- . . . . 90.032,7 74.801,0 518.728.7 80,287,8 104,011,3 585,110,5

SE C U R IT IE S .

B id .

T e n n e ss e e —6 s, o ld ..........1 8 9 2 -1 8 9 8
6 s, n e w b o n d s ............1 8 9 2 -8 -1 9 0 0
Do
N e w s e r ie s ___1914
C om prom ise, 3-4-5-6s............ 1912
N e w s e ttle m e n t 3 s ...................1 9 1 3

83

R edem ption 4a........................1907

104% 105%
125
1 05

110

Do
4% e..........................1913
P e n ite n tia r y 4% s.,____
1913
V ir g in ia fu n d ed d ebt, 2 -3 s___ 1991
Os, d eferred t ’s t ren'ts, stam p ed .

64%

A sk .

64%

3%

New York City, Boston and Philadelphia Banks:
BANKS.

,

A sk .

oap ita i a
Surplus.

Loams.

Specie*

LettaL.

DtvotiU.* QinH’n CUaringt,

'
$
$
.M ay 22„ 133,726,5 504,952,3 88,295,5 100.736.3 572.131.4 1AA0 5,8 536,402,9
“ 29 ., 134.883.7 507.509.7 88,979,2 101,530,8 575,000,0 14.329,0 502.727.2
Ju n e 5.. 134.883.7 511.918.7 89,310,9 103,323,7 581,255,1 14,322,3 517,857,0
" 12.. 134.883.7 513.728.7 89/267,8 104.611.3 585.110.5 14,251,5 589.049.3
Boe,*
7.944.0 Ittl.SSS.O 7.988.0 87.028.4
May 29,. 63.393.8 170.981.0 10.357.0
7.626.0 1 SB,*34,0 8.003.0 84.170.8
Jtmo 5.. 03.393.8 170.372.0 10.117.0
7.633.0 170,238,0 8 . 020.0 88.444.8
“ 12.. 63.393.8 171.680.0 10.406.0
P h ila . *
37.384.0
118.696.0 6,861,0 45.013.4
May 29., 35.388.0 111.369.0
37.019.0
119/282,0 0,791,0 67.154.9
June 5.. 35.388.0 111.933.0
30.310.0
112/207,0
6,865,0 52.339.5
118.871.0
35.388.0
t«“ 12* We om it tw o civ
ostou
anti
Philadelphia
th
e
item
“due
to
other
h ank*”
InolntUng f or i
nT Y

Miscellaneous and Unlisted Bonds:
M is c e lla n e o u s B o n d s .
“ M is c e lla n e o u s B o n d s .
Ch. Jun. &S. Yds.—GoLt.g.,5* 107 %b. Jeff. <fe Clear. C. & 1 . 1st g, 5 b 100 b.
77 b.
2 d g . 5s .......... . . . . . . . . . . . . . .
Colorado C. <fe1 ,1st cons. 6a,g. 94 i).
Colorado F u el & I.—Gen. 5s. - 8L a. M anhat. Beach H . & L. g. 4s.
MetropoL T el. TeL 1 st 6 s..
Col. & Hock. Coal. & I .- 6 s , g.
Commercial Cable—1 st g. 4s. 105 b. M ich.-Penin. Car 1 st 5 s . . . .
Cons.Gas Co.,Chic.—1st go . 5s 98 b. Mutual U nion T eleg.—6 s ,g ..
Do Bardeleben C. & I.—g. 6s. 82 a. N at. Starch M fg. l e t 6 8 ..— . 100 ^ab.
Dot. Gas con. 1st 5 ....... ............ 81 b. N . Y. *fc N . J. Telep. gen. 5 b..
Edison Elec. III. Co.-lafc 5s.. 118 b. N orthw estern Telegraph—7s
Do of Bklyn., 1st 5*.. 109 b People's Gas & C. ) le t g . 6s.
Co., Chicago . . . . $ 2d gk 6a. -107 b,
E qnit. G.-L , N . Y .,cons.g. 5a. 113 b.
1st cons. g. 6*....... . . . . . . . . . . 111 b.
Eqaltable G. & F .— ls t 0s__ 105 b
Erie Teleg, & Telep. 5s, g . . .
b South Yuba W ater—Cion. 6s.
Galvestou W harf Co.—1st 5s.
b Standard Roite & T.—Inc. {>».
Henderson Bridge—1st g. 0a. *110 b. Sunday Creek Coal I s t g. 6s.
W ee tern U nion T eleg.—7 s ...
Illinois Steel deb. o s............ .
“
’ 9‘K a
W estern Gas coll, tr. 5s
Non-conv. deb, 5 s___. . . . . . .
N ote —‘*5’*inAloatea price bid ; **«'* price asked. * Latest price this w eek .

II

BANKS ■
<00s omitted.)

B id.

Ban k Stock List—Latest prices. (fNew stock. *Not Listed*
BANKS.
Am erica......
Am. Batch...
Aster Place*
Bowory*.......
Broadway....
Batch. Dr..
Oentral t __ _
Chase.........
Chatham,....
Chemical....
City ..
o itto :::::
Columbia....
Commerce...
Continental.
East River..
1111 Ward..
Fifth Ave—
F ifth * .....,..
F ir st.... ....
First N .,8 .1 .
14th Street..

Bid. Ask.
325
III
300
225
loo
160
400
285
4000
500
125
170
208
130
2HA
185
200
3000
250
2500
120

170
250
130
170
300
140
210
140
2t>2
.....

150

B
A N K S,
BANKS,

G arfield.,..
Gorman Am.
Germau Ex.*
Germania,. - Greenwich...
Hanover— .
Hide & h.* ..
Hud. Hirer..
Im»& Trad’rs
Irving....... .
Liberty*.....
Lincoln........
atanhattan...
Market* Ful
Mechanics'..
M’chs' <feTrs'
Moroitnule...
Merchant.’ ..
Merch’t. Ex.
Metrojpol’e...
Mt. Morris..

Bid. Ask.
500
110
300
165
330

330
350
95

165’
625 550*
140 155
180
130
750
215 230
200 240
195 200
125
170’ 182%
140 145
1.14 120
440
97%
160' 165

175 185 N. Amn’dam. 200
Gallatin...... 310 330 , New York... 235
N. Y. Co’nty 000
Ganeevoort*. ___ 100

B A N K S.

N .T .N at.E x
Ninth— ....
19th Ward..
N. America
Oriental.....
Pacific —
Park,

Bid. A sk.
100
100

130

175

265

97%
110

185

200

270

p e o p le 's ..... 210
Phenix ...... 105% 110
Plasa ........ 180
Prod. E x .* ... 115 120
Republic__ 145 160
Seaboard.... 169
S econ d . . . . . . 425

Seventh,
j8hoe«ScLe'th
Stateof N.Y.
IThird..........
Tradesm’n’s,
12th Ward*.

100

91

110
100

97

130

.Unltfn......... . 2 *0 0 *
Union Sq.*.. 175 is j T
Un’d States. 175
Yorkvilie*... 170
237% W estern....... 114
W est S id e ... 275

THE CHROM ICLE,

J tjse 19, 1897. |

1 L71

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

Active Stocks.
H in d ic a te s u n listed

S a tu rd a y ,
J u n e 12.

M onday,
J u n e 14.

T u esd a y,
J u n e 15

W ednesday,
Ju n e 16.

12% 12% 12% 12%
12
12 %
12% 123
A toll. T. & 8. F e. (B oston) .1 0 0
A tla n tic & P ac.
44 100
*10% 11%
* 10 % .
B altim ore & Ohio (B a lt.). 1 0 0
__
B alt. C ity P a s s ’ger “
25 *63*.
19% -1 9
B altim ore T ra ctio n “
25 *19
19%
19% ; ....... 19%
__ . . . . 19%
19% 19%
19%
19% 19%
19%
B altim ore Trao’n1T(Pfiif.)- 25
211 212
212
212 2 1 2
212
212
B oston & A lb a n y (Boston). 100
209%
209%
209%
*209
209 210
B oston & L o w ell
“
100
160% 160%
160 160
B oston & M aine.
44 100 158% 158% 158% 159
*9
10
*9
10
9%
*9
9
9%
C entral o f M ass..
“
100
P re fe r re d ..........
“
100
80% ”81
7 9 Mi 80*
C hic.Bur. & Q uin.
44 .1 0 0
W * 80*8 80 % 81%
77% 78
77% 73% 78% 78%
77% 78%
Ohio.M il.& 8 t. P . (PA ii.).lO O
*7
-7% . . . .
7%
7%
C hoc.O & G .vot.t.c.
44
50
17
16
16%
17
16
16
Cit. 8 t.R y .o f In d li “
100
94% 94%
94% 94%
94% 94%
94% 94%
F itch b u rg p r e f..(B o sto n ). 100
27%
27% 27%
26% 27%
27
27*3 27%
L eh igh V a lle y .. ( P h ila . ) . 50
109% 109% 1 1 0 110%] 109% 109%
M etropol’n Trac.1T “
100 ____
* 8%
8%
*8%
84
8%
8 %<
M exican C ent’l ( B o s to n ). 100
8%
8=8
N ew E n g la n d ....
44 1 0 0
-6L
61
*61
P r e f e n e d ..........
44
1 0 0 *60 .......... *60
73% 73%
N orthern C entral ( B a l .) . 5 0
14% 15
14» p 15
14»8 15i*
N orthern P a cific ( P h ila .>100
14% 15%
4* % 42%
42% 42%
42% 43%
42%> 431*
Preferred
"
100
Old C olony. . m.(B o s to n ). 100 177** 177% 178 1781* 176 177% 1 7 6 % 1 7 7
53%
53
52% 53%
52% 5 2 7h 52 3* 5 3 if
P e n n s y lv a n ia . . . ( P h ila .) . 50
70% 70%
70% 70%
69% 69%
6 9 78 70%
P h ilad elp h . T rao.
44
50
11
113, 1 0 1 5 , g 1 1 3 ,
11
B ea d in g Co..........
44
50
10% 113l6
7% 715,
8
7*
7 78
7%
7%
7%
U n ion P a c ific .. .( B o s to n ). 100
9%
9
9
9%
9%
9%
9%
9%
U n ion T r a c tio n ..( P h ila .) . 50
t T I I s c e lia n e o u * S t o c k s .
124 125% x l2 l% 1 2 3 % 122% 123%
A m .Sug’r Retin.U ( B o s to n ).mm. 124% 126
1073a 1071* 1071* 1 0 7 78 108 108 xl0 5 % 106%
P r e fe r r e d .........
44
—
230*4 231
231 231
230% 231
B e ll T e le p h o n e ..
“
1 0 0 230** 2 3 L
B ost. & M ontana.
44
25 1261* 1261* 126** 1271* 127% 129*4 128% 123
18% 20%
173* 18%
20% 22%
17i* 17=8
B u tte & B o sto n -t
44
25
3 85 3 9 0
375 375
3 7 5 395
C alum et & H e c la
“
25 3 8 0 3 8 0
C anton C o ............( B a lt.) . 1 0 0
5 7 ” 57
56% 5 7 '
56% 56%
C onsolidated G as
44 100 .......... 56i*
193a 193a
19% 19%
19% 19%
E lec.8 to r. B a t’ylT (P h ila .). 100
21
21
P referred 1T
“
100
65% 65% -6 5
65
65
6 ‘%% 65%
66
E rie T e le p h o n e .(B o u to n ). 1 0 0
33
33
33% 33i* -33% 33%
33% 33%
G en eral E lectric.
44 100
76
*73
73
75
75
75
75
P r e ferred ..........
1 0 0 -7 3
39
33
38%
33%
37**
37%
37%
38
Illin ois .Steel . . . .
44 100
-17% 18%
19%
18% 19
19
19% 19%
L am son S tore8er
44
50
42
42
42
42
42
42
L ehi’hC oal& N av. (P h ila .) 50 -40% 4 2
104% 104% 104% 101% *104 104%
N . E .T elep h o n e (B o sto n ). 1 0 0 ‘1 0 4 ^ 105
14
14
P a.H eat.L .& P o w fP A ito .;........ j 13% 13%
13% 14
74
74%
73% 73 7s
74% *75
U n it’d Ga8lmp.1T
44
50, 73% 73%
43%
44
j 44
45
4
3
43
4
3
43
W elsbaoh L ig h t Ti
44
5
2%
2%
2%
2%
* 2%
2%
2%
-2%
W est E nd L a n d ..( B o sto n ) . . . .
* Bid aDd asked prioes; no] s a le w a s m ade.

Inactive Stocks,
P rices o f J u n e 18.
A tla n ta & C harlotte (B a lt.). 100
B o n o n & P ro v id en ce (Boston). 100
Cam deu & A tla n tic p f. (P h ila .). 50
C ataw isa a.......... ..
44
50
1st p r e fe r r e d . . . . . . .
44
50
C entral O h i o . . . . . . . . . . (B a lt.) 50
C hicago & W est M ich. (B oston). 100
C o n n ecticu t A P a s s ..
44
100
C o n n ecticu t R iv e r —
44
100
C onsol. T ra ch o f N.J.H(PAtZo.)-100
D elaw a re& B o u n d B r.
44
100
F lin t A P ere M a rq ...(B o sto n ). 100
P referred ....................
44
100
H e sto p v llle P a ssen g . ( P h ila .) . 50
Preferred IT...............
44
50
H unt. & Broad T o p ...
44
50
P referred...................
44
50
K an. C’y F t.8 . & M em .(B o sto n ). 1 0 0
P referred .......... .........
44
100
L ittle 8ohu vlkiU .......... (P h ila .). 50
M aine C en tra l............<B o s to n ). 1 0 0
M ine H ill & B .K * v * v .( P h ila .). 50
N esou eh o n 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 .8 h .L ln e a U a sst.p d f B o sto n ;.100
P e n n sy lv a n ia A N. W. ( P h ila .). 50
P hiladel. A E r ie ..........
44
R utland ............ ...........(B o sto n ) 100
P r e f e r r e d . .. .. .. . —.
44
P referred.......... .
“
1'
W est E n d ....................... (B o sto n ). ;
P referred ........ —
44
U nited Cos. o f w. J . . f p h ila . t .1
W est J e rse y A S ea Sh.
44
W estern N .Y . A P en n
44
1
W isconsin C en tra l. . . (B o sto n ) . \
P r e fe r re d ......................
44 1
Woro’st.N ash.& B och .
44
1
MISCELLANEOUS.
A lon ez M in’g. a sst pd f B o sto n ).
A m er. Ry. El. L ig h t.. ( P h ila ,) ...
A tla n tic M inin g..........(B o sto n ).
B ay S ta te G as IT..........
B oston L and....................
44
C entennial M in in g ...
44
F o r t W ayne E lect. 11..
44
F rank lin M inin g........
44
Frenohm ’n ’s B ay L ’d .
44
K earsarge M ining—
44
CMoeola M inin g.. . . . . .
44
P u llm an P a la ce C ar.
44
1
P e n n sy lv a n ia S t e e l.. (P h ila .). 1
Preferred IT....................
44 1
Q n ln cy M inin g............f B o s to n ).
am arack M inin g___
44
” ater P o w e r ...................
44 1
W sstlngh. E leo. A W..
“
*ref., c n m n la ttv e ..
••
S o n d * -B o * to n .
At. Top. A 8. F. g en eral g. 4 s, 19
A dju stm ent g. 4 s, 1 9 9 5 . . . . . . . .
B oston ’tilted Gas 1 s t 5 s...........

B id.

4ak.

Bonds.

T hursday.
Ju n e 17 f

F rid ay,
J u n e 18.

If U n lis te d .

S A nd accrued lu te r e s .

R ange o f s a le s in 18 9 7 .
L ow est.

12% 12%
2,7 9 5
9% Apr. 20
15 Feb. 17
*%
%
10% 10% "10
11
” 212 10% Ju n e 17
*633) 65
-6 4
65
59% Jan . 13
70
17 Jan. 12
19% 19% *19% 19%
4 95 17% Jan . 7
19% 19%
19% 19%
*212 213
223 2 09 Jan. 4
•209 2 12
31 205 Jan . 2
-1 6 0 161
124 15 7
Ju n e 2
'9
10
25
9 A pr. 22
*56
58
56
Mar.
26
.......... ........
81% 82% 15,01« 69% Jan . 5
79
78
78% 79% 16 00 0 69% Apr. 19
7%
7%
373
7 % 7%
6 M ay 7
925 16 Apr. 12
-1 7 ...... 50 91 Jan . 14
94% 91%
4 ,5 7 7 20% F eb. 18
27% 27%
“2 7 " 27%
7 5 4 99% M ay 3
109% 110
53 0
S%
8%
7% Jan . 12
-2 0
25
18 A pr. «
*60
61
5 7 F eb. 15
*73
73%
100 67% Jan. 27
14% 14%
9 ,6 0 7 10% Apr. 30
14% 15
4L% 42%
42% 42%
8,063 33% Jan. 15
l i e 176% May 26
H 7 7 178
52% 53
2,434 5 1% M ay 3
52% 53
70% 70% 70% 70%
2,9 2 6 66 % Ja n . 5
1G916IO15i 0 10H ,fi 1 U
2 0 ,1 3 9 8^10 Apr. 19
6%
7%
3,475
5 Apr. 12
9%
9%
9%
9% 1 1 ,640
8% Apr. 29

57
18%
20

*41%
13%
74%
45

70
57
18%
20%

42
13%
74%
45%

1 H o lid ay in
B id

H ig h e st
12% Mar. 3
•37% Jan. 13
17% Ja n . 8
66 Apr. 17
20% Apr. 2
20% A pr. 2
2 17 Mar. 4
2 14
Apr. 7
1 66 Jan . 18
11 Ja m 20
5 8 Mar. 3
82 % J u n e 18
79% J u n e 18
8% Feb. 5
25% .Tan. 2 0
95 J u n e 4
30% Jan. 2
110% Jan. 5
9% Jan . 3 0
37% Jan . 19
61% Jan . 7
73% J u n e 1 5
16% Feb. 1
43% Ju n e 14
180 Mar. 1
53% Ju n e 15
7 4 Mar. 4
11316 J u n e 12
9 Jan . 7
13% Mar. 3

3 3 ,8 3 4 109% Mar. 29 126 % J u n e 15
1,100 100% Jan. 6 108
J u n e 15
541 205% Jan. 4 236 M ay 13
6,841 94% J a a . 2 129% J u n e 18
6 0 ,415
6 Jan. 11 22% J u n e 18
178 3 2 6 Jan . 2 3 9 o J u n e 15
6 0 Jan . 8 67% Feb. 6
*56% 57
2 60 55 J u n e 2 62% Jan . 15
18% 18%
545 j 15% Apr. 22 3 1 Feb. 1
4 4 0 , 17% A pr. 30 33 Ja n . 2 9
-19% 20
*65
65%
382 63% Apr. 1 67% F eb. 2 4
33
33
445 ] 28% M ay 17 36% Feb. 2
*75
30 1 66 May 18 7 8 J a n . 2 0
75%
38
38
1,058 29% Apr. 21 41% Jan 18
18
3 02 18 J u n e l
18
23% F eb . 1
*41% 42
67 37% M ay 26 42 Jan . 1 4
*104 104%
63 101 Apr. 5 107% M ay 18
13% 13^1 1 ,0 6 4 13 Apr. 30 16 Mar. 18
74% 74%
3,5 83 70% M ay 3 7 5 J u n e 16
45% 47 I 1 ,6 4 6 38% Apr. 6 4 7 J a n . 12
2%
2%
2 ,6 4 0
1% M ay 22
2% F eb . 9
B oston.
i T ru st reo.,all in sta l. paid.
124
106%
230%
1 29
20%
385

Ask.

75
Boston U n ited G as, 2d m . 5 s . .1 9 3 9 $ 7 4
119
92 1 ,
Burl, dr Mo. R iv er E x e n p t 6 s , J A J h i s
265 267
N o n -ex em p t 6 s . . . . . ..1 9 1 8 , J& J ?107 108
P la in 4 s ............................. 1 9 1 0 , J&J § 99 100
Ohio. B url. & N or. 1 s t 5 ,1 9 2 6 , A&O §103% 104
101
50%
2d m ort. 6 s ....................1918, J&D
22% 26
D ebenture 6 s ................ 18 9 6 , J& D I 100
10
1
94
Chic.
B
u
rl.&
Q
uincy
48
1922,
F&A
96
5
1 5 0 152
Io w a D iv isio n 4 s ........ 1 9 1 9 , A&O § 99 1 00
Chio.&W .Mioh. gen . 5 s , 19 2 1 , J&D § 59% 60
245 2 5 0
C onsol, o f V erm on t, 5 8 .1 9 1 3 , J& J § 55
57
28 1 , 29
C urrent R iv e r. 1 st, 5 s . .1 9 2 7 , A&O « 60
70
10
D e t.G r .R a p .& W .,lst 4 s ,1 9 4 6 . A&O 5 65
66
n
25
30
E a stern 1 s t m ort 6 g .l9 0 6 ,M & 8 .. $121 122
51
B ree.E lk . &M. V .,ls t, 6 s .1 9 3 3 , end. $131%
U nstam p ed , 1st, 6 s, 1 9 3 3 .............. $131%
61 1 , 62
70
K.C. C .& Spring.,1 st,5 g .,1 9 2 5 ,A&O $ 60
93
471, 47«s K O. F .8 .& M . c o n .6 s , 19 2 8 , M&N § 9 2
72
10
K.C. M em . & B ir .,ls t,2 s ,1 9 2 7 . M&8 * 71
5
K.
C. S t. J o . & C . B ., 7 s . .1 9 §121%
0 7 , J& J123
35
45
90
L. R ock & F t B., 1 s t, 7 s .. 1905, J& J 5 8 5
52
53
L ouis. ,E v.& St.L ., 1st, 6g. 1926, A&O (1 0 0 101
124 125
87
56
2 m ., 5—6 g ...................1 9 3 6 , A&O l 85
55
533»
Mar. H . & O n t., 6 s ........ 1 9 2 5 , A&O §107 108
M exican C en tral, 4 g . . . 1 9 1 1, J&J § 70
70%
1 s t c o n so l.in co m es, 3 g , non-oum.
18
19
90
2d c o n so l, in c o m e s, 3 s , non-oum.
14%
71 ,
8%
14
N. Y . & N .E n g ,, 1 s t, 7 s , 19 0 5 , J&J* §119 119%
1 s t m ort. 6 s ...........— .1 9 0 5 , J& J §113 114
181,
& L .C .,C on.6 8 ...1 9 2 0 ,A&O § 83% 85
14 1 Ogden.
15
In c. 6 s ................................. . . . . . 1 9 2 0 (
107
Ru tla n d , 1 s t ,6 s ..............1 9 0 2 ,M&N $ i0 5
2d, 5 s .............................. 1 8 9 8 ,F&A 5 98 100
84
84%
M&N 110
941,
94
Buffalo R y. con. 1 st, 5 s ............1931
248
C a ta w issa , M ., 7 s . . . —.1 9 0 0 , F&A 109%
49
2>«
2®8 Choc. Okla. & G ulf, prior lie n 6 s .. 109
G eneral 5 s.......................1919, J&J
80
81
2
1%
C itizens’ 8 t.R y .o f in d .,co n .5 s. 1933
65
70
4
2
Colum b. St. R y „ 1 st, oon. 5 s .. 1932
115
118
Colum b. O. C rosstow n, l s t ,5 s .l9 3 3
91% 91%
•50 1-00 Consol. T ract, o f N . J ., I s t ,5 s .l9 3 3
5
4%
105% 1 06
20% 21
70
70%
6%
6%
4%
4
115
71,
7%
105%
1
%
99 102
151, 16
70%
3)
%
1 7 1 , 18
101% io i%
31% 32
1 6 4 165
9 4 V ..........
25
28
_____1 ____
45
130%
109 110
113
........
119 120
109% 110
% 1
22%
11 2
22
..........
.......... 122
50% 51
......
133 ‘
P e n n sy lv a n ia g en .6 b , r..
6823) 83
117
C onsol. 6 s , c
.............
5 4 9 4 50
C onsol. 5 s , r _______ . . .
120
$87
88

*Price Includes ov erd u e goddod .

8ale9
o f th e
W eek,
Shares.

125%
107
231
129%
22%
390

Bonds.
P e n n .—C ollat.T r. 4% g . 1913, J& D
Pa. & N . Y . C a n a l,7 * ..
C on. 5 s ........................... 1 9 °
a* /
P eop le’s Trao. tr u s t c erts. 4 s ..1943
P erkiom en , 1 s t s e r .,5 s .l9 1 8 , Q—J
P h ila.A E rie gen. M. 5 g .,1 9 2 0 , A&O
Gen. m o rt., 4 g ...........1 9 2 0 , A&O
P h ila & R ead. 2d, 5 s . . . 19 3 3 , A&O
C onsol, m ort. 7 s ........19 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 tM .6 g ., 18 9 7 . A&O
Con. M .o f 18 8 2 , 4 s . - . 1 9 3 7 , J& J
T erm inal 5 s, g .......... 1 9 4 1 , Q.—F.
P h il. W ilm . & B a lt., 4 s . 1 9 1 7 , A&O
P itts. C. & St. L ., 78— 19 0 0 , F&A
R eading Co. gen . 4 s ......1 9 9 7 , J&J
R ochester R ailw a y , con . o s ..1 9 3 0
8o h n y L R .E .8 id e ,lst 5 g .1 9 3 5 , J& D
U nion T erm inal 1 s t 5a............F&A

Bonds.— Baltimore.

A tla n ta * C h a r i., 1 s t 7 s , 1 9 0 7 , J&J
B altim ore B e lt, 1 s t, 5 s . 19 9 0 , M&N
B alt. C. P ass. 1st 5 s . . . . 1911, M&N
B alt. T raction, 1st 5 s .. 19 2 9 , M&N
E xtern & im p t. 68— 1 9 0 1 , M&S
No. B a lt. D iv ., 5 s ........ 1 9 4 2 , J& D
B altim ore & Ohio 4 g ., 19 3 5 , A&O
P itts. & C onn., 5 g. . .1 9 2 5 , F&A
S ta te n Islan d , 2d, 5 g .1 9 2 6 , J& J
R e ce iv e r s’ certificates, 6 s ..J & D
D o. M aryland C onstrue., 5 s ........
D o. P ittsb . & C onnells., 5 s .. J&J
Bal.& O hio S .W .,lst,4 % g .l9 9 0 , J& J
C ap eF .& Y ad .,8er.A .,6g.l916, J& D
Cent. Ohio, 4% g .............. 1930, M&S
Cent. P ass., l s t ' 5 s ........1932, M&N
C ity & Sub., 1 st 5 s ..........1922, J&D
Chari. C o l.& A u g .e x t,5 s.1 9 1 0 , J&J
Col. & G reenv., 1st 5-68.1917, J&J
G e o r g ia * A la .,1 st pf. 5 s .1 9 4 5 ,A&O
O a. Car. & Nor. 1 st 5 g . . l 9 2 9 , J& J
G eorgia P ao., 1 s t 5 - 6 s ...l9 2 2 , J&J
Geor. So. & F la ., 1 st 5 s .. 1945, J&J
N orth. C ant. 6 s ................. 1900, J&J
6 s ......................- ..............1 9 0 4 , J& J
S eries A , 5 s .......... .........1926, J&J
4 % s....................
.1 9 2 5 , A&O
P itts. & C onnells. 1 s t 7 s . 1 8 9 8 , J& J
Southern, 1 st 5 s ...............19 9 4 , J& J
V irginia M id., 1 st 6 s . . .1 9 0 6 , M&S
2d S eries, 6 s ...................1 9 1 1 M&S
3d S eries, 6 s . —. . . . . . . 1 9 1 6 , M&S
4th S eries, 3 -4 -5 s........ 19 2 1 , M&S
5 th S eries, 5 s ................ 1 9 2 6 , M&S
W est V a. C. & P . 1 s t, 6 g .1 9 1 1 , J& J
W ilm . C ol. & A u g ., 6 s .. 1 9 1 0 , J& D

BJd
110
102 %
100

100 %

118
125%
129
121

101% 1 0 1 %
1 0 0 % 100 %
115
110%
83%

84

102 %
121%
80
85
113
111%
106
112 % 1 1 2 %
101
101% 102%
99
99%

95

97

113
111% 111%
109
113
101
101%
813) 82%
116 12 0
97 % 97%
108%
112
116
109% 1 10
105%
92%
113%
118% 1 20
114% ......
97% .....
103%
109 109%
115

M ISCELLANEOUS.

B altim ore W ater 5 a ... 1 9 1 6 , M&N
F u n d in g 5 s . . ™ .........1 9 1 6 , M&N
E x o h a n g e 3% s.............19 3 0 , J&J
V irgin ia (S tate) 3 s ,n e w . 1 9 3 2 , J&J
F u nded debt, 2 -3 s .......1 9 9 1 , J&J
C hesapeake G as 6 s . . —.1 9 0 0 , J& I
C o n s o l.G a s ,6 s —
. .. .1 9 1 0 , J&D
S h ____ _____ _ . _
lOOO, T*-

121% 122%
73
75
61% 65
103
117% 118
1 10 illO %

THE CHRONICLE.

1172
NEW

tors

[VOL. LX1V.

STO CK E X C 11A N G B P R I C E S ( C o a t l n u .e d } - 4 C T Z T O B O .V O S J U N E I S A N D F O R Y E A R 1 8 9 7 ,

U liU O li)
USXOMLUkStWOVX & O XI3*.

r
X n ftt

JY*c*

■P e r io d j it m i s j

iicinge (tale*) in 1897.
—-* — ------- ---------L o w e s t,

j H ig h e s t.

R a il r o a d a k d
M w c k lla n k o o s B on d s.

I °£& »

R ange (ta le e t i n 1897

P eriod j une

Lowest.

H igheei,

L.N.AAO.— Ion., 6g, tr.ra.1916 A & O t 87 b. 181 May ,186 Jan.
Feb. 109 Jan.
94%
M anhattan o o n so l. 4 a ........ 1 9 9 0 A A O
Apr. 81% Feb.
91% Apr. 1 95% Feb.
* “ » r. S p irit M
1 M. 6 « 1 9 1 6 « * / .
'g *
j 70
80%
Feb.
Metro. E l e v a t e i i .- 1st, 6 g . l 9 0 8 :J & J 120 % 116% Jau. 120% May
74*#
Jau,
4 * n A & m .— u l a » , J S S f i * * r o
1 8 9 9 M A N 101%b. 104 % J uue 107% Apr.
2.1.6s ........................... ..
84%
Juno
!
TSOaApr.
f t t - A M L - S e w # wl f .
g f§
69 Mar. 73 Jan.
Apr. 50% June M ex. lu ter n a lT —1st, 4 , g .1942 M A 8
........r i f f l g b 4 1) T o i l_ |!n41%
M loh.O ent.—ls t,o o n s .,7 B .1 9 0 2 |M A N 116%b. 116 May 119 Apr.
u t* Jan. 120% May
B *w ay*m A T .~l sLeen.K.5*
*1 {< * 74%b,j
- “
103
b,
OonsoL,
5
s
...........................
1902|M
A
N
78%
Apr.
70
Fob.
105%
June 108 Mar.
f a m i l y bi . p v .
£ * £}
M lun.ASt.L-—ls t o o n .5 s ,g .l 9 3 4 M A N 102%b. 1 0 0 Jau. 103% Apr.
75
j «3 Fob. 79% Apr.
I"Dion Elevated.—6 g ..* .l 93 . ..
Mo. K. A E .—1 st 5s, g ., g u ..l9 4 2 A A O 91%b. 88% May
05% Jan.
BWjm Rap. Trim*., 5 « ....t 9 4 5 j* % V 80% j 70 May 81 Feb.
83%
85 Mar.
82 J an.
}s),',TT..V Si.-in”, l-t-COIi,'-,' ' [ * L- , , 1125ab.!i05% Jau. 113 Juuo M, K. & T e x a s .—l e t , 4 s, g . 1990 J A D
2d , as, g ................................ 1990 F * A 01
97b.
Olio Mur. 101 Jan.
54Sr aiay
63 Jan.
B’ktyiiW hrt* W.B—l* t^ * ,g . 45 £ ? t
80%
68 51 ay 87% Jam
Bust K. A P .-O r u . g. .’.a 1 »3T M £ » 977sb. flfti* Mar. 99 Feb. M o. P a c .—1 s t ,e o n ,,6 g ........1920 M A N 101
b. 98 Mar. 105 Jam
3d, 7 s ...........................
1906 M A N
108 Jan. 1 1 3 % June
Oana W. HOBt t l M®. —
J J 113
101%
109 _ 104i* Mar, 108 Fob.
P ao. o f M o.—1 st, e x „ 4 g . 193* m
100 Apr. 101% Feb.
*114<aa. 1 l-Jig Feb. 114 June
2d e x t. 5 s .......................... 1938 J A J 101% 100 Apr. 103% Jam
J
A
I>
103
b. 103 Apr. 101 Mar.
87%
861* J u n e 92% Mar.
St. I,.A Ir.M t.A rk. B .,5 s. 1935
106%b. 106 n. Apr. 108% Mar.
1st e x t ., g„ 4%s ...........1947 F & A 101%b. 104 J uue 104%,Iune
115 Mur. 118% Mar.
G en. R’y A la u d g r .,5 g .l9 3 1 A A O 78%b 67% May
78%June
111 n 106 M ay 118 Fob.
11 6 m Juue 121 May
M obile A OWo—N e w 6 g ...1 9 2 7 J A D 118
G im em i m o rtg a g e, 5 g . . . 1 9 8 7 ’'q ® .? **SS
08»8
G eneral m o r tg a g e . I s
193*. M A S
Leh.A W .B,.cou.,7«.Bij’i l . l 9 0 0 ^ y , g | a. 90 Apr. 104% Feb.
65% Apr. 6 8 7sJuue
m o rtg » « e a e.l9 1 2 “ * »
78 b. 7 5 1* May 90 Feb. N ash , Oh. A S t.L .—1st, 7 s . .1 9 1 3 J A J 132 b. 127% Jan. 132%Jime
O onsol., 5 g ............................ 1928 A A O 99%a 98% Juuo 102% Alar.
Am, Dock A Imp.. 5 s .. ..1921 J. * •Jj.flS .P * 114 Mar. 116% Feb.
Central P » ctfle.-G oH l,6s.l898 *! * J .103%b. 100 Jan. 103% May N . Y . C entral—D e b te x t. 4s. 1905 M A N 103%b. 101% Jan. 104% Alar.
J
&
J
102
%b.
1st, cou p on , 7 s ....................1903 J A J l ‘20%b. 117% Jan. 121% Apr.
90% Jan. 101% Apr.
Extra S g ......................... 1800
D e b e n .,5 s, ooup ,, 1 8 8 4 .. 1904 M A S 1097ab. 100 Mar. 110% Alay
CbM. A Ohio. -S e r.A , e g ,.1908 A A O 120>ab. 119 Jan. 1213s Mar.
A
A
O
121
b,
l g i * Jau. 12134 June
N . Y . A H arlem , 7s, r e g .. 1900 M A N 11 0 % 110 May 114 Mar.
Mortgage, 6 g.............. J9J1 M A N 110»*b l107%
R .W . A Ogd., oonsolB, 5 8.1922 A A O 1 2 0 b. 117% Jan. 121 %Iune
Jan. 11*2 Apr.
l«tooni*o!„5g..................1 9 3 9 M 4 S
W est Sh ore, g u a r ., 4 a -----2361 J A J loa-ig 105 Jau. 109% June
72 Alar. 76% Feb.
General 4% s,g..................1992 J A J 73%
*103 b 97 Jan. 104% Mar. NT. Y . Ohio, A St. L.—4 g . ,. 1 9 3 7 A A 0 105
103% Apr. 106% Mar.
R.A A .D lv., I s to o u .,4 g .l9 8 9
J
A
J
92 b. 86 Jau.
93 %J une N . Y . L ack . A W . - l s t , 6 s . . 1921 J A J 140%b. 136 Mar. 138% Alay
"
2d co m ,4 g .. 1989
C o n stru ctio n , 5 s ................1923 F A A 116»8b. 116% Alar. 118 Jan.
Owe. Burl. & q .—Con,7e. 1903 J A J 12 0 % 115 Jan. 120% June
A 0 138
132% Feb. 140 Mar.
Debenture, 5s................1 9 1 3 M A N loi% b. 93 Feb. 101% June N .Y . N . H, A H .—Con. deb. otfs.
96 Feb.
99% Star. 103% .Time N .Y . Ont. & W.—R ef. 4s, g .1992 M-A 8 96
O onrertlbie 5«.................... 1903 M A S 103%
88% Jau.
May
O onsol., 1 st, 5 s, g .......... ..1 9 3 9 J A D 109 %b, 108% Fob. i l l
Denver Division 4 s .........1922 F A A 97 b. 03 Feb. 96% Jau.
M
A
N
J
A
J
103
93
Apr.
103%
Jam
87%
Jan.
91
%b.
N
.Y
.S
u
s.A
W
.ls
t
r
e
f.,5
s
,
g
,1
9
3
7
100
Jau.
Nebraska Extension, 4B.1927
74%
G en. 5 a ................................ 1 9 4 0 F & A
B an. A fit. Jos.—Cons, 6s, 1911 M A S 120 %b. 118 Mar. 121 Feb.
68 J uue 74% Jau.
A 0 118
M idlan d o f N. J ., 6s, g . . . 1 9 1 0
116% Apr. 119% Jan.
Chic. A E. 111.—1st,s. 1.68.1907 J A D 113 b. 114 Apr. 115 Apr.
67% Apr- 74% Mar.
Consol 6g.......................... 1934 A A O 125%b. 124 Apr, 126 May Nor. A W. R y.—1 st, oonu „4g.,96 A A O 74
M&
N
J
A
J
119%b.
1013a
Mur.
9
8
7s
Feb.
9978
N
o.
P
aoiflo—1st,
ooup.
6
g
.l9
2
I
General oonsol., 1st 5S..1937
113 Jau. 119 Juuo
90
90 June
P r io r lie n , ry. A l.g . 4 , g .1 9 9 7
Chicago A Erie.—1st, 5 g .,1 9 8 2 M A N *109 %b. 108% May 112 Jan.
85% Jan.
A
56% - 51% Apr. 57 Juue
104
G en eral lie n 3 g .................2 047 n
93 J an. U»1 J une
Chic. Gas L. AO.—1st, 5 g ..1937
A
137
128 Jan. 137 June No. P aoiflo Ter. Co—6 g ___ 1938 J A J 107%a. 97% May 110 Mar.
Ohio. Mll.A'fet. P.—Con.7s.1905
A
I18%b. 115% Jan. 119 Apr. Ohio A M iss.—C on.8,1.,.7s. 1898 J A J 104% 104 Alar. 104% Alay
1st, Southwest Dlv., 6 s ..iy 0 9
A
119%b. 115% Jan. 120 Juno Ohio S outhern—1st, 6 g . . .1 9 2 1 J A D 90 a. 83% Feb.
90 Jan.
1st, So. Minn. Dlv., 6 s .. 1910
A
9 b. t 8% Apr. t l 5 Jan.
U6%b.
112 Jan. 117% Juue
G en eral m o r tg a g e , 4 g . . 1921 M & N
Isl.C'h. A Pac. W.Di v .5 s .. 1921
A
*113 b. 106% Jan. 113 June O regon lm p r. Co.—I s t 6 g . . l 9 1 0 J & D 84%b. ' 84% June 90% Jan.
Chie, A .Mo. B Jv.D iv.,5s..l926
A
20 a. 15 Feb. 120 J une
114 b 110% Jan. 114% May
Wise. A Minn., Dlv ,5 g ...l9 2 1
C on sol., 5 g ......................... 1939 A. & O
A
114 b. 110% Jan. 115 Juue O re.R .A N av. Co.—1st, 6 g .l 9 0 9 J A J 113%b, 110 Jan. 114 Apr,
Terminal, 5 g .................. —1914
A
D
A
102%
Mar,
85%86 May
I02%b.
96
Jan.
R R. A N a y . c o n so l., 4 g . 1946
Gen. M., 4g., serlesA ....1 9 S 9
80 Jan.
A D 117%b 118 Jan, 118% Feb. P e n n . Co.—4% g, o o u p .___ 1921
A J 113 b. 109% Jau. 113% May
MU. A Nor.—1st,com,6s. 1913
A
A
O
J
A
J
104
F eb .
93%b.
42%
140 J an. 141 Jan. P e o . D eo. A B v a n s v .—6 g .1 9 2 0
Cbie. A N .P ao,, 1st. 5 g ,...1 9 4 0
93 May
92 b. 91 June 106 Feb.
E v a n s. D iv isio n , 6 g ........ 192u M A 8
Chic, A N. W.—C onsol,,7s. 1915 Q - P 144%b. 140 Jan. 145% Apr.
J
A
D
M
A
N
27%
Jan,
1
10
117
b.
116 Jan. 121% May
2 d m o r ta g e , 5 g ...................19*26
Coupon, gold, 7a......... ...1 9 0 2
t i o May
Sinking fund, 6 s...............1929 A A 0 117%a. 114 Jau. 119 Mar. P itts. SU. A L. E ., 1 st, 5 g .1 9 1 0 A A 0 103 %b. 95 Jan. 104 J u n e
72
Blnklngtund, 5 s . . . ..........1929 A A O 112 b. 108% Apr. 112 Mar. P ittsb u r g A W estern—4 g . 1917 J A J
66 June 74% Jam
84 June
Slaking fu n d ,d eb en .,5 s.1933 M A N 116 b HOSg Jan. 115% June R e a d ln g C o .—G en., g. 4 s .1 9 9 7 J A J
83%
80% Apr.
M
A
N
J
A
J
76%
25-year debenture, 5 s ... 1909 _ , . 109% 106 Jan. 110 Apr. R io G r . W estern—1 s t 4 g . . 1939
70% Alar. 7 6%J une
101 J an. 104 May St. Jo . A Gr. Isla n d —6 g . ,1 9 2 1 M & N 1 64%b. 147% Jan. 161 JuneExtension, 4S.................... 1926 £ * A
Mil. L. S1l A W„ 1st, 6g. 1921 M A N 132%b. 131 Slay 134 Apr. St. L. A S an F r.—6 g , 01. B . 1906 M A N 115 b 112 Jan. 115% Feo
G en eral m ortgage, 6 g , .1 9 3 l J A J 114% 108% Jan. 115 June
Extern A lm p,’ *5g’ . ' - i 9 2 8 f * 4 115 b. 112 51ar. 115 Jan.
I32%b. 128% Jan. 132 Apr.
G en eral, 5 g ..................
Chic. R. 1. A Pao.—6ft,coup. 1917
1931 J A J I00%b. 94% Jan, 100% June
70%
ExtensionandooL, 5 s ...1 9 3 4 J A J 107
R ailro a d , 4 g ....................... 1996 J A J
70 SjJune
101% Jan. 107 June
62% Jan.
70 Jan .
99
68 b. 59% Apr.
99% Feb. St. L . A So. W.—le t , 4s, g .1 9 8 9 M A N
SO-year debenture, 5 s . . . 1921 M A S
93 Jan.
24 b. 15 Apr.
28 Jan .
Cbio. 8L P. M. A O .-6 ft...l0 3 0 J A D 131%b. 126 Jau. 133'.% May
2 d , 4 s, g .. In co m e..............I 9 6 0 J A J
CblAAW.Ind,—G en.,g.,6s. 1932 q - M 119 b. 116 Alar. 117% Jan. St.P .M .A M .—D a k .E x .,6 g .l9 1 0 M A N 120 b. 116% Jan. 122 Apr..
99 b. 98 May- 102 Jan.
Clev. Lor. A Wheel.—5 b. . . 1933 A A 0
ls t o o n s o L .6 g ................... 1933 J A J 128 b. 123 Jan. 129 June
A J 107%. 102% Jan, 107%Junea a C .A I .- C o n s o l .7 g ...1 9 1 4 J A D 130%b. 130 June 134% May
“
red u ced to 4 % g_.
94% May
92 b. 87% Jan.
A a
General, consol., 6 g ___1934 J A J 127%b. 123% Jan. 127% May
M on tan a e x t e n s i o n s g .1 9 3 7
59%J u u e
58%b. 54% Jan.
92% Jan. 96% Apr. S an .A n t. A A . P .—ls t ,4 g .,g u .,43 J A J
& e.C * 8 t.L .-S t,L .D iv .,48.1990 M A N
Peoria A Eastern, 4s. .1940 A A O 70
93 Apr.
90%b. 87% Feb.
68 J une 75 J an. So. Car. A G a.—1 st, 5 g , . . 1 9 l a M A N
OoL Midland—Ooue., 4 g .. 1940 F A A
96% Alay
7% I 6 Slay 117 Jan.
80. P aoiflo, A riz ,—6 g . . . 1909 -1 0 J A J
93%b. 90 Feb.
A 0
CoL A 9tb Ave. gu. 5s, g . . 1993 M A S 117 %b. 115% Mar. 118% June So. Paoiflo, C al .—6 g . . . 1905-12
108
Jam
106 May
CoLH.V&LAToL—Com.og.lOSl M A S t 72%
9 i%Juue
63 Feb. 88-% Jan.
1 s t oo n so l., g old , 5 g ........1937 A A O 88 b. 85 Feb.
General, « g ......................1904 J A D 50 b. 49% Feb. 87 Jan. S o .P a o iflo ,N . M.—6 g ........ 1911 J A
106
%
J
urie
108
102 Jan.
Denv.A KloGr.—1 st,7 s ,g .1900 M A N 110%b. 109% May 113% Apr. Sou thern—1 s t oons. g, 5 s . 1994 J A
92%
87% Mar, 92% Jiuie
1st consol., 4 g .................1936 J A J
89% Jam
r 87 b. 86 May
89 %b. 87% May 89 Jan.
E . T en m reo rg . lie u 4-5a. 193,3 M A
DuL A Iron R'ge—IsL 5 s .1937 A A O 101
97% June 101% Jan.
E .T . V . A G .—1 s t ,7 S . .. .1 9 0 0 J A
110%b, 107% Jan. 111 June
Dnl. So. Sb, A A tL -5 g ..„ .1 9 3 7 J A J 103 %b. 99% Jan. 102 Feb.
Con. 5 g ..............................19 5 e M A
108% 107 Jau. 109% Apr.
Edison EL lil,—lst,eon .g.5e.’95 J A J 113%b. 104% Jan. 113% June
G eorgia Pao. I s t5 - S s , g .,1 9 2 2
118
107% Jau. 118 June
Erie—4, g, prior bonds
1996 J A J
*115
b. 112 Jab. 115 Feb.
95%
Feb.
K n o x v . A O hio I s t 6 a , g .. l 9 2 5 i t
88% May
91%
General, 3-4, g .............1 9 9 6 J A J 66
B loh . A D a n v .o o o . 6 s ,g ..l9 1 .) J A
123 b, 1.17% Jan. 123 May
02 May 66% J uue
Erie By.—1st, con.. 7 g .. 1920 M A S 142 1 139% Mur. 143% Feb.
U5% b. 111% Jau. 116 %J uue
W e s t N o .O a r ls t o o n .6 8 ,g l9 1 4 J A
L'g Dock,oonsol., e g , 1935 n o
135 I 133% Jan. 136 Mar. S tan d ard R obeA T .. I st.6g.194U F A A 65
65 Alar. 79% Jam
Ft. W. A Den. City.—4-6 g.1921 J A D 63
53 J an. 63 J une T enn. 0 , 1. A R y —T en. D. 1st, 6< A A O
82 %a. 79 J uue 88% Mar.
Gal.H.A8*n.An-M .AP.D.lst,5g M A N 89 1 83 May 91% Feb.
B irm ingh am D lv ., 6 g . ,. 1 9 1 7 J A J
85 a. 79 Apr. 89 Mar..
Oesi. 1 .. "Ti' .l.-fi. 5 s,g —.1822 J A D 100 1 90% Jan. 100 June T e x a a A P aoiflo—1 s t, o g . . 2 0 0 0 J A D 91
91 %Juue*
85% Jan.
B o o s,* T. Cent. gen. 4s, g.1921’A A O
63% Apr. 70 Alar.
2d , Incom e, 5 g — „ . . . . 2 0 0 i March
25
18 Apr. |2S J une
IlltoolsCentraL—4 s ,g .....l9 5 3 M A N '101 b. 99% Jan. 103 J an, T o le d o * O hio C ent. 5 g . . l 9 3 5 J A J 104 b. 102 Mar. 108 Feb,
Western Lines,1st, 4s, g.1951 F A A 105 a. 100% Feb. 105% May ToL S t.L . A K a n .0 .—6 g . . . l 9 1 o J A D
77
1 6 6 % May t78% Jun e
InLAGreat Nor,—lst,6«,g 1919 M A N 119% 117 May 120 Apr. U n io n Paoiflo—6 g . .............1 8 9 s J* A J 103%b. 101% Mar. 105 Feb.
3d., 4 %-5*.......................... 1909 51 A 3 79 b. 73 Jan. 80 Feb.
95 Feb.
E x t. sin k in g fu n d , 8 ......... 189.4 M A S
93
85 J an,
Iowa Centra).—1 s t,5g__ 1938 J A D 92 b, 88 Apr. 97 %Jan.
C ollateral tr u s t, 4%.........1 9 4 8 M A N
149% Jau. 150 J a u ,
Rinks Co. Kiev.—1st,5 g ,. 1925 J A J
49 b, 44 Feb. 50% Mar.
A A 101% 101 May 101% Alay
Collate tr. 6 s, g. n o t e s ... 1902
Laclede Gas.—1st, 5 * ,g .,,1 9 1 9 ft—F
98%
93% Jan. 99 June
K an. P a o .- D e n .D l v .,a g .l8 0 9 M A N 117 b. 113% Jau. 117% May
Lake Erie A W e s t . - . V . - . 1937 J A J 118
113% Jan. 118 J une
I sto o n so L , 6 g ................1919 M A N
74
167 Jan. 178 Jan ,
L. Shore,—Con,op., 1st,7 » .i9 0 0 J A J 113%b, 110% Jau. 113% Mar.
O regon S h ort L in e—6 g .1 9 2 2 F A A 120
llll% J a n . 120 June
Consol. ooup., 2d, 7a.__ 1 9 0 3 J A D 120%b. 119 Jan. 124% Mar.
__
O r.8.L .A U t’hN .—O o u .,5 g l9 1 9 A A <J 81% 163% Jau. 181% Juae
Leb.V»l.Ter.—1 *1, gu., 5s, 1 9 4 1 A A O 109 b. 106 Apr. 111% Mar.
A D 37 %b. 33 Apr. 39 June
U . P .D en . A G u lf ,00u .,5 g. 1939
L ex .A v .A P a v .F .g u . 5s,g 1993 M& t 117%b. 115% Mar. 118 Feb. U . 8. L eather—S. F d ob .6g.1913 M A N lll% b . 110 Alay 114 Feb.
Long Island.—1st cou.15 g .l9 3 ! q —J 120 a, 113 Jan. 119 May V irgin ia Mid. —G en.M ., oa .1 9 3 6 M A N 100%b. 100 Jan. 103% Mar.
General mortgage, 4 g ... 1938 J A D 87%a. 76% Jan. i 88% Mar. W abash—ls%. 6 g -----.
. . . 1 9 3 0 M A N 104% 101% June 107% Jam
— . .......
Louis. A Nash.—Cons. 7 s ..1898 A A O 103% 1102% Apr. 108% Mar.
2 d m ortgage, 5 g -----. . . . . 1 9 3 0 F A A
63% Apr. 73% Jam
70%
B .O .* Mobile, l s t , 6 g . . . 1980 J A J 122 b. 116 Jan. 123 June
25 Jam
Debeu., Series B .............1939 J A J
22 b. 18% Apr.
“
“
2d ,8g._ 1930 J A J 102 b.i 98% Jan, 103%
----------Mar. W e stN . V. A P a.—1 st, 6 g . l 9 3 7 J A J 109% 104% Jau . 109H Juue
General, 8 g . . . . . . . . . . . . . . 1930iJ A D 110 b. U S S sJan , ,118% May
Gen. 2-3-4s, gold .............1943 A A O 48%b. 43 May 50 Feb.
D allied, 4 g ........................ 1940 J A J
82% | 78% Jan, I 82 %J uno W est-Um TeL-UoLta. 5S..1938 J A J 108 %b. 108% Jan. 109 June
Louis S . A. A Cb.—1st.(is. 1910 J * J 111 b . l l l l Jau. 115% Juue Wise, Cent. Co 1st 5 g ...1 9 3 7 J A J ! 33
128 May 1 40 Mar.
Nots— **V n.,llo»4e* pries H d i “ a” price asked; the range Is m ade up from aotual sales ouly. * Latest price this w eek, t Trust receipts.
aZ

* t. t v i t o n o n .

N E W f O B K S T O C K E X C H A N G E P R l C E S - t C o n t l n a e d ) ,— I N A C T I V E
SECURITIES.
R a ti road R o n d s.
( M M k MmKangs Price*,)
Mmfommm MIC—Is !, g*. guar* *1928
TopAkft St Sat.IT rtan.-*
A HA fynti.—1st. 08.1915
Allan. * D«»v.—1st, g , 5 * ... 1950
A\L A Fam—24 W. D„ gu. 6». J907
Westers IHvisioti incom e. .1910

Bid.

90"

Ask.

SECURITIES.

Balt. * Ohio 1st, 6s, Park B . 1919
5s, gold .....................................1925
Cons, mort,, gold, 5e.............1988
S' .V!t; * # » • - *»t,g., 5 s ..1990
B. A 0 . fl. W., 1st, g „ 4 % s ...l9 9 0
Monoa. River, 1st, g., g. 5 s ..1919
OentTOhlo Reor.—1st, 4%s, 1939
Ak.ACh.Juno.—1st, g.Ss.gu. 19 Jo
B rooklyn Elevated—24, 5 s ...1 9 6
“ V
Seaside A B.B.—lst,g ,6 s,g a . 1 *42

Bid.

Ask.
108
83
102

43"

B O N D S —J U N E

IS .

S E C U R IT IE S .

Brunswlok * W’n—1st, g., 4s. 1938
B u ff.R .& .P ltts.-R .& P .lst,6 s.l9 2 1
Rooh. & P itts,—O on s.lst,68.1922
C lear.* Mall.—lst,g u .,g ,5 s.l9 4 3
Buff. & Susqueh.—1st, 5a, g 1913
Burl.Oed.Rap. &No.- 1st, 5s. 1906
Consol. * oollat. tru st, 5 s .. 1934
Minn. * St. L.—IsL 7s, g u .,1 9 2 7
nod. Rap. I. F, * N „ 1st, 0s. 1920
’* i s .................................... 1921

Bid.

A sk .

125%
118% 123
i05% i o e ’ig.
*105"

THE CHRONICLE.

J une 19, 1897.]

1178

NEW JOBE STOCK EXCHANGE PRICES.—I N A C T I V E B O N D S —fC o n tin u e d ) —J U N E IS .
SE C U R IT IE S,
0 O h to -O o l.A C ln .M .lst,4 % 3 .1 9 3 9
Gsnt. R R. * B a n k .-C o l. £ .5 8 .1 9 3 7
C e n t. R y. o f Q a .—
1 st, pref. in oom e, g ., 59 . .. .1 9 4 5
2d, pref. Incom e, g ., 53 ........ 1 9 4 5
3 d , pref. in c o m e ,g ., 5 s ..........1 9 4 5
Mao. * Nor. D iv .. I s t , g „ 5 s .l 9 4 6
M obile D iv ., 1 st, g., 5 s ...........1 9 4 6
Cent, of N . J.—C o n v .d e b ., 6 8 .1 9 0 8
C ent. P acific—
E x t. g. 5 s, aeries A B C D ..1 8 9 8
G old 5 s, series E ___. . . . . . —1898
Jan J o a q u in B r., 6 s ................ 1 9 0 0
Mort. g o ld 5 s ..............
1939
Land grant, 5 s , g ....................1 9 0 0
Cal. A O. D iv ., e x t ., g. 5 s . ..1 9 1 8
West. Paolllo—B o n d s ,6 s ___1 8 9 9
No. R a ilw a y (OaM—1st, 6 s . 1 9 0 7
50-vcar 5 s .
1938
Cent. W a shington—1 st. g ., 6 s .1 9 3 8
■Chaa. A S a v .—1 s t, g ., 7 s ..........1936
• G oes. A O.—Pnr. M. fu n d , 6 s . 1898
Oralg V a lle y —1 st, g ., 5 s -----1 9 4 0
Warm Spr. V a L ,ls t , g. 5 s . .1 9 4 1
E liz. L.A B ig S a n d y —G. 5 8 .1 9 0 2
Ones. O. * So. W est.—1 s t 6 s, g .1 9 1 1
*d, 6 s ..........................................1 9 1 1
Oh. V .—G e n .o o n .lst.g u .g ,58.1938
C hicago & A lto n —8. F „ 6 s -----19 0 3
bonis. & Mo. R iv e r —1 st, 7 8 .1 9 0 0
8d, 7 s .........................................1 9 0 0
St. L. J a ck s. & Ohio.—2d, 7S.1898
M lss.R. B rid ge—1 st, s. f ., 68.1912
Ohio B ari. A N or.—1 s t, 5 s . . ..1 9 2 6
Ohio. B a rlin g . A Q.—5 s, 8. f . . l 9 0 1
Iow a D iv .—81nk, fu n d , 5 s . .1 9 1 9
8 1 n tL 2 g fu n d ,4 s.............. 1 9 1 9
P lain, 4 s ...................................... 1 9 2 1
C hicago A Io w a D iv .—5 s . . . 1905
C nlo. A In d ia n a Coal—1 s t 5 s . 1 9 3 6
C h i. M il. & S t .P .—ls t ,8 s ,P .D .1 8 9 8
2d , 7 3-lO s, P . D ......................1 8 9 8
1st, 7 b, $ g . , R .D ...................... 1 9 0 2
1 s t, I . A M .,7 8 ......................... 1 8 9 7
1 st, 4. A D . , 7 s ..........................1 8 9 9
1 s t ,C. A M ., 7 s ......................... 1 9 0 3
1st, I. A D . E x t e n s io n ,7 s .-.1 9 0 8
1 s t, L a C. A D a v ., 5 s .............. 1 9 1 9
1st, H .A D . , 7 s ........................1 9 1 0
iB t, H . A D . 5 s ........................1 9 1 0
Ohloago A P aclflo D iv ., 6 s .. 1 9 1 0
M ineral P o in t D iv . 5 s ............1 9 1 0
0 . A L. 8np . D iv ., 5 s .............. 1921
fa r g o A S ou th ., 6 s, A s s n ...1 9 2 4
Inc. oonv. sin k , fu n d , 5 s ___1 9 1 6
D ak ota A G t. S ou th ., 5 s ___ 1916
M il. A N or. m a in lin e —6 s . ..1 9 1 0
Ohio. A N orw .—3 0 -year d e b .5 s.1 9 2 1
K soanaba A L. 8. 1 s t, 6 s . ...1 9 0 1
D es M. A M lun.—1 st, 7 s ___ 1 9 0 7
Io w a M idland—1 st, 8 s ..........1 9 0 0
Ohio. A M ilw aukee—1 st, 7 s . 1898
Win. A St. P .—2d, 7 s ..............1 9 0 7
M il. A M ad.—1 s t. 6 s ..............1905
Ott. O. F . A St. P —1 s t , 5 s . 1 9 0 9
N orthern 111.—1 st, 5 s ............1 9 1 0
M il. L. 8 .AW .—C o n .d eb .,5 8 .1 9 0 7
M loh. D iv ., 1 st, 6 s ................1924
A sh la n d D iv isio n —1 s t, 6 s 1925
Oh. R . I.A P —D .M .A F .D .lst 4 s. 1905
1st, 2% s.......................... . . . . . 1 9 0 5
E x te n sio n , 4 s ........................1905
K eokuk A D e s M .—1 s t ,5 s . .1 9 2 3
Ohio. St. P . A M inn.—1 s t, 6 e .. 1918
Bt. P a u l A S . C.—1 st, 6 s ___ .1 9 1 9
Ohio. A W. In d .—1 st, s. f., 6 s . 1919
Ohio. A W est. M loh.—5 s ........ .1 9 2 1
Oln H am . A D .—C on. s. f., 7 8 .1905
I d , g old , 4% s............................. 1937
Oln. D . A Ir’n —lB t, gn. 5 s, g .1 9 4 1
C ity A Sub. (Balt.)-—l.-t, g ., 5 s .1922
iC lev.A k. A OoL—E q. A 2d 6S.1930
Ole v. ACan.—T r.otf s .f o r ls t 5 s . 1 9 1 7
0 . 0 . 0 . A St. L .—G en., g. 4 s . .1 9 9 3
Cairo d iv isio n , 4 s ...... ............. 1 9 3 9
Spring. AOoLDlv.—1 st,g. 4 s. 1 9 4 0
W hltew .V aL D iv.—ls t ,g . 4 s. 1 9 4 0
01n.W ab.AM .D lv.—1 s t,g. 4 s. 1991
Oln. I . St. L. A C.—1 s t,g .,4 8 .1936
1920
O o n so l, 6 s ................
01n.8an. AC1.—C o n .lB t,g .5 s, 1928
In d ia n a B. A W.—1 s t p f.78.1900
Ohio Ind-AW .—I s t p r e f .5 s ..l9 3 8
P eor. A K ast.—-Incom e 4 s ..1 9 9 0
•O. Col (Sn. A In d .—1 st, 7 s ,s .f.1 8 9 9
OonsoL sink, fu n d , 7 s ............1 9 1 4
Oln. A Spr.—lst,C .O .C . A I,7 s . 1901
O leve. L orain A Wh.—1 st, 5 8 .1 9 3 3
C le v e A M ah. V .—Gold, 5 s . ..1 9 3 8
C o l. M id. 1 s t, g ., 6 s, a s s td ___1 9 3 6
D e l. L ack. A W.—Mort. 7 s . ...1 9 0 7
Syra. B in g . A H. Y .—1 s V 7 s .1 9 0 6
M orris A E s s e x —1 s t, 7 S ....1 9 1 4
B onds, 7 s . . . .............
.1 9 0 0
Ts o f 1 8 7 1 ............................... 1901
1st, oon., g u a r., 7 s ...............1915
Warren—2d, 7 s ........................1 9 0 0
O .A H .C an.—Pa. D iv..ooup . 78.1917
A lb an y A Susq —1st, gu.,7a. 1906
1 s t, o on s., g u ar., 6 s ............1 9 0 6
B e e s . A Bar. 1 s t soup., 7 s .l9 2 1
D e n v . T ram w ay—C ons. 6 s, g . 1 9 1 0
M etropol. R y.—ls t .g u . g .6 s .l9 1 1
D e n v . A R. G.—I m p .,g ., 5 s . . . 1928
•Det.M . A M .—L . g. 3% s,ser.A .1911
D et. A M ack.—1 s t lie n , 4 s ,g .. 1995
4 s , g o ld .........................................1995
S r ie —1st, oon. g. 4 s .................. 1947
2 d . e x te n d e d , 5 s ...................... 1919
8d, e x te n d e d , 4%s.......
1923
4 th , e x te n d e d , 5 s........ ............. 1920
5th , ex te n d e d . 4 s ........ ............. 1928
1st, oon., g ., Fd, 7 s ................ 1920
B. N . Y. A E.—1st, 7 a . . . ___ 1 9 1 6

B id .
89
31
10
5
*94
*90

A sk .
92
31%
11
7

102%

102%

102

102 % 103%
"87
104%
100 % 100 %

112 %

112

108%
104%
109
100
*90%
102
105%
135
135
103%
135
135
137
130%
108
121
109
112
107
105%
112
117%
112

100%
106%
137
137
137
132
110
114

119
114

125% 127%
108
108
103
131%
128% £33
65

70"

104
130% 132%
131%
131
105

107%
-68

*87%
101 101 %
109
107%
105%
99
*55
'128

60

130
142%
111%
113% 114
142
109
144 147
123
118 ii9 %
'144
*82
18

85

111 % 112%
120
115
119
103
’133"

SE C U R IT IE S .
E rie—(O o n .)—
Bud. A 8. W.—M ortg. 6 s . . ..1 9 0 8
fefterson—1 st, gu. g 5 s ___1909
Dual A R R .- 6 S ......................... 1922
Dook A I m p t .,ls t 6 s, 001^07.1913
Sv a n s. A T .H .—1st, oon s., 68.1921
I s t, g e n e ra l, g ., 5 s .................. 1942
ML V ernon 1 st 6 s ......................1923
Jnl. Co. Br. 1 s t, g ., 5 s ............1 9 3 0
E m ns. A In d ia n .—1st, o o n s ..1 9 2 6
F lin t A P . M ara.—M ort., 6 s . . .1 9 2 0
1 s t, oon. g o ld , 5 s ......................1939
P t. H uron D iv .—1 st, 5s ....1 9 3 9
t l a. Con A P e n .—1 s t g. 5 s . . ..1 9 1 8
1 st oon. g ., 5 s ............................1943
1st, 1. g.. e x t. g ., 5 s . . . . . ......... 1930
F t. St. U n. D ep .—1st, g., 4%s .1 9 4 1
G al. H ar. A S a n A n t.—1 s t, 6 8 .1 9 1 0
2d m ort., 7 s ..............................1 9 0 5
Ga. A A la., 1 st, pref., g. 5 s . ..1 9 4 5
Ga. Car. A N o r.—l s t . g u . 5 s ,g .1 9 2 9
H ousaton lo—Cons, go ld 5 s — 1937
N . H a v e n A D erh y , C on s.5 s.,1 9 1 8
H ons. A T e r . C.—W aooA N .7s.1903
1 st g ., 5 s (in t. g t d ) .. . .............1937
Cons. g. 6 s (Int. g td ).............. 1912
D eb en t. 6 s, prin. A in t. g td .1 8 9 7
D e b e n t. 4 s , prin. A in t. g td .1 8 9 7
Illin o is C entral
i s t , g „ 4 s .....................................1951
1 s t. gold, 3 % s............................1951
G old 4 s .........................................1952
2 -1 0 g ., 4 s ...................................1904
Cairo B ridge—4 s ........ ............ 1 9 5 0
Spring!. D iv .—C oup., 6 s ___1898
M iddle D iv .—R eg ., 5 s ........... 1921
O. 8 t. L . A N . O —T en 1., 7 s . 1897
1 st, o o n so l., 7 s . . . . ................ 1897
G old, 5 s, o o n p o n ..................1951
M em p, D iv ., 1 st g. 4 s ........1951
B ellv .A So. 111., gu ., g ., 4 % s.l8 9 7
Oed. F a lls A M inn.—1 s t, 7s. .1 9 0 7
Ind. D . A 8pr.—1 st 7 s, 1 9 0 6 , tr u s t
r e o ts., e x b o n d s ................................
Ind. D eo. A (V.—1 st, g., 5 s___1935
Ind. Ills. A Io w a .—1st, g , 4 s .. 1939
1 st, e x t., g. 5 s . ........................1943
In t. A G. N’n .—3d, 4 s , g ..........1921
K in g sC o .-F .E l.,lst,5 ,g .,g a .A .1 9 2 9
L ake E rie A W est.—2d g ., 5 s . 1941
N orth’n Ohio—1 st, 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 o n d s ,7 s .1899
K al. A ll. A G. R .—1 s t gn. 58.1938
M ahon’g C oal R R .—1st, 5 8 .1 9 3 4
L eh ighV .,N .Y .—1 st gu.g.4% 8.1940
L eh igh V ’y C oal—I s t 5 s ,g a .g .l9 3 3
L eh igh A N .Y .—1st, gu. g. 48.1945
E lm ir a C .A N .,l8 t.g .la tp f.6 s,1 9 1 4
G uar., gold, 5 s .................. ..1 9 1 4
lilto h f. Oar.A W est.—1 st 6s. g .1 9 1 6
L ittle Rook A M.—1 st, 5 s, g .,1 9 3 7
L ong Isla n d —1 st, 7 s ................ 1898
F erry, 1 st, g „ 4% s.................. 1922
G old 4 s .........................................1932
N . Y. A R ’w a y B .—1 st, g. 5 s . 1927
2d m o rtg ., I n o . . . . ...............1 9 2 7
N .Y .B .A M .B .—ls t o o n . 5s,g . 1935
B rook l’nA M ontauk—1 st,6s. 1911
1 st, 5 s .......................................1911
No. Shore B r.—ls t o o n .5 s ,g .l 9 3 2
L onls.E vanB .A 8t. L.—C o n .5 s.1 9 3 9
L o u is.A N a sh .—C e cil.B r. 7 s ..1907
E . H . A N a sh .—1 st 6 s, g ... ,1 9 1 9
P en sa o o ia D iv isio n , 6 s ..........1920
St. L ouis D iv isio n , 1 s t, 6 s ... 1921
2d 3 s
1980
N ash v. A D ecatu r—1 s t ,7 s .. 1900
«. f.,6 s .—8. A N . A la ...............1 9 1 0
5 0 -y ea r 5 s, g .,........................... 1937
P en s. A A t . - 1 st, 6 s, g o ld ... 1921
C ollat. tr u s t, 5 s , g .................. 1931
L.A N . A M.AM.—Ist,g .,4 % sl9 4 5
N ash .F lor.A S.—1 st, gn ., 5 s . 1937
So.A N o .A la ., oon. gu. g ., 5 8.1936
K en tu ok v C entral—4s, g . . . 1987
L. A N .—LOU.0.AL.—g. 4 % s.l9 3 1
Lon. A Jeft.B dge Co.—G u .g ,4 s. 1945
Lon.N .A lb.A C h.—G en .m .g.5s,1940
M em phis A Chari.—6 s, g o ld ..1 9 2 4
M exloan Cent. C onsol. —4s, g.1911
1 st, oons. Inoom e 3 s , g . .. .. ,1 9 3 9
M exloan N a tio n a l—1 st, g,, 6 s . 1927
2d, in co m e, 6 s, “ A ” ................ 1917
2 d , Inoom e, 6 s, “ B ” .............. 1917
M ichigan C entral—6 s ...... ......... 1909
Oonpon, 5 s ...................................1931
M ortgage 4 s ...... ........................ 1940
B at.C .A Strgls.—I s t,3 s ,g .g n .l9 8 9
M inn. A St. L.—1 st, g. 7 s ..........1927
Io w a E x te n s io n , 1 s t ,7 s ........1909
S o u th w est E x t.—1 st, 7 s ........1910
Paoiflo E x t.—1 st, 6 s .............. 1921
M o.K. A T ex .—1st, e x t., 5 s, g .1 9 4 4
M o .K .A T .o fT e x .ls t,g n .5 s .g .l9 4 2
K a n sa s C ity A P ., 1 s t ,4 s ,g . . 1990
D al. A W aco—1 s t, 5 s, g u . . . .1 9 4 0
M issouri Paoiflo —T ru st 5 s . ..1 9 1 7
1 s t 00IL, 5 s, g ........................... 1 9 2 0
M obile A Ohio—1 st e x t., 6 s . . .1 9 2 7
St. L. A Cairo—4 s, gu ar........ 1931
M organ’s L a. A T .—1 st, 6 b___1920
1 s t, 7 s............................................ 1918
N ash. Chat. A St. L .—2 d , 6 s .. 1901
N . O. A. N o. E .—P r. l . , g . , 6 s .. 1915
N . Y. C entral.—D eb. g. 4 s . ...1 9 0 5
N . J . Jnn o—Guar. 1 st, 4 s . ..1 9 8 6
B eeoh Creek—1st, g old , 4 s . .1 9 3 6
O sw. A R om e—2 a ,5 s ,g .,g u .l 9 1 5
U tlo a A B l. R iv .—4 s, g ., g n .1 9 2 2
N . Y. A PuL—1 s t, g ., 4s. g u .1 9 9 3
N . Y. N . H . A H .—1 s t ,r e « ,4 8 .1 9 0 3
N . Y. A N orthern—1st. g. 5 s . .1 9 2 7

B id.

106%
109%
104

110

106%
104%
97%
120%
125
111%
101
97
96
112
102
101%

102%
*102

101
*25
38
38
102
104^
108
120
120
98
90

'103%
86
35
'105

•105
112
105
109
98
95%
98%
*104%
*90%
*87
*44

120
'110
140
121%
'75%
*73
50
112
114%
1 24
103%
i ‘08%
105
123

Ask,

S E C U R IT IE S .

B id .

A sk.

N . Y . Susq. A W est.—2d , 4 % s .l9 3 7
T erm inal, 1st, g. 5 s .............. 1943 104%
107%
W llk.A E a st.—1st, gtd ., g .5 s,1 9 4 2
85% 89
110 N orthern P aoiflo—
S t.P a u l A N . P .—G en., 6 s . .1 9 2 3 128
N orfolk A Sou th’n—1 st, 5 s .g .l9 4 1 103%
N orfolk A W est.—G en eral, 6s. 1931 120
120
N e w R iver 1 st 6s ....................1 9 3 2
Im p . A E x t., 6s........ .................1 9 3 4
C o l.C o n n .A T e r ..lst,g u .g .5 s.l9 2 2
Ohio A M iss.—C onsol. 7 s ........ 1898 104% 105
84
2d oonsol. 7 s .............................1911 119 120
76
S p rin g.D iv.—I s t 7 s ................. 1 9 0 5
G eneral 5 s ............................... ..1 9 3 2
Ohio R iv e r R R .—1 st, 5 s ............1936
G en, g . , 5 s ...................................1 9 3 7 ‘85
55
Om aha A St. L ouis.—1st, 4 s . .1 9 3 7 *51
1 07
O regon A C allfor.—1 s t, 5 s, g .1 9 2 7 *70
P enn -P .C .C .A St.L .C n.g.4% sA 1940 110
100
Do
do
S eries B 1942 110%
Do
do
S eries C 1942
Do
do
Series D , 4 s, 1 9 4 5
P .O .A S .L .-lst,o .,7 s .................. 1900
PIUS. F t. W. A 0 —1 st, 7 s . . .1 9 1 2 138
2d , 7 s .......................................1912 137
105
3d, 7 s .........................................1912 *132
103
Ch.St.L. A P.—ls t,o o n .5 s ,g .. .1 9 3 2
98
Olev. A P .—C ons., s. fd ., 7 s . 1 9 0 0 111
G en. 4%s, g ., “ A ...............1942
112%
Do
do
Series B 1942
St. L .V . A T. H .—1 s t , 6s., 7 s . 1897
2d , guar., 7 s ________
...1 8 9 8
G d .R .A I.E xt.—1 st,4% s,G.g. 1941
A lleg.V al.—G en., gu ., 4s, g .1 9 4 2
104%
N . A C in .B d g .,g en .g u .4 % s.g .l9 4 5
110
P en n .R R .—1st real. e st. g. ls .1 9 2 3
Cle. A Mar’ta —lst,g u .g .4 % s. 1935
D . R iv.R R .A B d g—ls t.g u .g .4 s .’36
125
P eoria A P ek . U n ion —1 st, 6 s .1 9 2 1 115
80
77
2d m ortg., 4% s..........................1921
P itts. C leve. A T o l.—1st, 6s .. . 1922
P itts . A L. Er.—2d g. 5 s , “ A ” . 1928
P itts. Mo. K . A Y .—1 st 6s ........1932 143
P itts. P a in sv . A F .—1st, 5 s . ..1 9 1 6
P itts. Sh en . A L .E .—ls to o n .5 s.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 ,o o n .l9 2 7
39
Rio G rande 80.—1 st, g ., 3 -4S .1940
40
8t.Jos.A G d IsL—1 st, g, 2-3-4S.1947
10214 8t. L. A . A T- H .—Terra. 5 s . .1 9 1 4 105
101
B eliev . A Car —1 st, 6s ...........1923
C hi.St.L .A Pad.—I s t,g d .g .5 s l9 1 7
St. L ouis So.—1st, ga . g. 4 s . 1931
do
2d in o o m e ,5 s .1931
Oar. A S h aw t.—1st g. 4 s . ...1 9 3 2
St. L. A 8. F .—2d 6s ,g ., ol. A . 1906 114%
2d, 6s, g., c la ss C .................... 1906 '114
90
1 s t, tr u st, gold ,5 s ............
1987
Ft. 8. A V .B .B g . - l B t , 6 s . ..1 9 1 0 1 05
St.L .K an .A 8.W.—1 s t, g .,6 s .l9 1 6
8t. P an ! C ity R y, o o n . 5s, g ,..1 9 3 7
G old 5 s, guar ..........................1 9 3 7
St. P a u l A D u lu th —1 st, 5 s . ...1 9 3 1 111
2d m ortgage 5 s ......................... 1917 •102% 103%
87% St. P a u l M inn A M.—2 d M ,6 e .l9 0 9 121 122
M inneap. U n io n —1 s t 6s ___1922
M ont. Con.—1 st, gu a r., 6 s . .1 9 3 7 121 %
1 s t guar. g. 5 s ........................1937 106%
42%
E ast. M inn., l e t d iv. 1 st 5 s . 1908 •107% 108
108%
W*'Tr ar A S iou xF .—1 st, g ,5 s .l9 3 8 105%
San Fran. A N. P .—1 st, g., 5S.1919
98 i o i "
Sav.FL A W est.—1 st, oon. g .6 s .l9 3 4
8 aboard A R oanoke—1 st, 5 8 .1 9 2 6
S e a t.L .S .A E a s t.,ls t6 s ,a s s t.p d l9 3 1
S ou thern—A la. C ent., 1 st 6 s . 1918
A tl. A Char.—Inoom e, 6 s . ..1 9 0 0
Colum . A G reen.—1 st, 5 -6 8 .1 9 1 6
E . T en n.V . A G a.—D lv ls.5 s 1930 116%
R ioh.A D an.—E q . s. f. g. 5 8 .1 9 0 9
D eben. 5 s , s ta m p e d _____1927
V ir’a Mid.—S erial ser.A , 6 s . 1906
S
eries B , 6s . . . . . . . . . .............1911
98
S eries 0 , 6s ..............................1916
100
S eries D , 4-5s ........................1921
Series E . 5 s ..........................1 9 2 6
Series F , 5 s --------- ----------..1 9 3 1
92
G en., 5 s, guar., sta m p ed .1 9 3 6 100%
W ash. O. AW.—1 st ou r.gu .4s.1924
Sunbnry A L ew is.—1 st, g .,4 s ,1 9 3 6
Ter. A s’n o f S t. L.—1 s t, 4 % s.l9 3 9 *109
45
1 st. oon. g. 5 s ................ 1 894-1941 107% 108
8 t.L .M er.B r.T erm .,g.5s,gu .,1930
T ex a s A N e w O rleans—1 st,7S.1905
SaDine D iv isio n , 1 s t, 6s ____1912
C onsol. 5 b, g -----. . . . . . . . . ------1943
T ex. A P ao., E . D .—1 s t, g. 68.1905
T hird A ven u e (N .Y ).—1 st 5 s , 1937 123% 124%
T.AO.O.—K an. A M ., M ort. ls .1 9 9 0
75
64% 65
Tol. P eo. A W est.—1 st, g ., 4 s . 1917
113
U lste r A D e l.—1 s t, oon., 6.,5 s . 1928 100 100 %
U nion Paoiflo—1 s t, 6s .............. 1896 103%
1 st, 6s ........................................... 1897 103% 104%
1 st, 6s .......................................... 1899 103%
C ollateral T ru st, 6s ................ 1908 101
C ollateral T rust, 5 s ................ 1907
70
K a n sa s Paoiflo—1 st 6 s, g . ,.1 8 9 5 1 1 1 %
78
1 s t, 6s , g . ............................. ..1 8 9 6 115%
70
O. Br. U P, - F . 0., 7 s ............1895
A toh. Col. & P ao.—1 st, 6 s . . . 1905 '2 5 '
65
U . P . L in. A Col.—1 s t,g ., 5s. 1918
24
20
70
U ta h A N orth,—1 st, 7 s ..........1908 1 17 119
G old, 5 s ....................................1926 100
U ta h Southern—G en., 7 s ..1 9 0 9
81
E xtern , 1 st, 7 s ......................1909
81
W abash—D eb en tu re, Ser. A .. 1939
D eb en tu re, S eries B .......... ..1 9 a y
22
23%
D e t. A Ohio. E x t. 1st, 5 s, g .1940
100
St L.K.O.AN.—S t.O .B d g e6 s.l9 0 8 110
12
WeBt N .Y .A P a.—Inoom e 5 s . .1 9 4 3
14
WesL Va. O. A P itts .—1 st, 68.1911
W heel.A L .E .—1st. 5 s, g o ld ...1 9 2 6
91
W heeling D iv ., 1st, 5 s, g . . . ! 9 2 8
106%
E
xton
slon
A
Im
p,
g.,
5
s
..
...1
9
3
0
..........I
33%
123% Wis. C en t. Inoom e 5 s . .............. 1 9 3 7

"* No price F rid a y ; th ese a re th e l a te s t q u o tatio n s m ade tills wees. F o r m i s c e l l a n e o u s B o n d e - S e e i d p age preceding

T ilE CHRONICLE

»* 7-1

In v e stm e n t

R oads.

I VOL. L A il
L a te s t g r o s s E a r n in g s .

Week or Mr,

1897.

,AHD

fiailvoad Intelligence.
RAILROAD

EARNINGS.

list- fo llo w in g t a b le shows the gross earnings of every
, — s a railroad fr o m which regular weekly or monthly returns
cars i c o b ta in e d . The first two columns of figures give the
gross e a r n in g s fo r the latest week or month, and the last two
c o lu m n s the earnings for the period from January 1 to and
In c lu d in g s u c h latest week or month.
f l u r e tu r n s o f th e s tr e e t r a i l w a y s a r e b r o u g h t to g e th e r Hep
s'
y o n a su b seq u en t p a g e.
Latest Gross E a rn in g s.
W tO u rM o \

XS97.
S
1
1 ft,292!
27,552!
44,144

J a n . 1 fo L a test Date.

1890.

1897.

1896.

S
14,738
25,250
42,751

S
71.105
643,556
229,915

2 0 8 .7 9 5

528,609:
237,144
212,361
725,680:
559.057!
28,654:
9,484,008!
439,023:
186,991
229,444!
1,277,743
53,030
108,505
9,853,158
2,609,659
194,068

530,131
213.709
213.795
754,985
508,521
29,002
9,171,548
385,025
172.614
235.307
1,233,223
58,832
112,777
9,232,730
2,689,716
169,272

Adirondack....... ■April. . . . . s in . u s. Soath. latw k J'jio
Ala. Midland .. A p r il......
A ; s .X .O .T « .i Pad. June
97,143!
>' Oil, A S . K May..........
91,912!
32,05)9!
Ala. & Ylckab. M ay..........
39,509.
45,230 i
VlckicSh. A- P May...........
30,203
Allegheny Y ai.. A p r il,....
193,91* 193,124
24,620
Ann Arbor.........uJw kJnue
21,723;
6,070
Ark. M idland... April....... .
5.572
AtcU.T. A 8. Fe. April......... 2,510.499 2.203,270
Atlanta A Chut March....... 151,415 128,857
35,186:
Atlanta A \V. P. April.........
40,064
A lla n . A B a n v .. I stw k J ’n e
11,235
9,644!
Atlantic A P ae.. April......... 320,612 313,066
19,614
Austin A N’ west March.---16,243:
35,553
B a ltC h r * .* AU, A p r il..........
3 2 .7 0 0
Balt. A O h io .... M ar.......... 2.020,614 2,006,386
8*1. A 0 . Uou'w. 2dwk Juno 115,654 121,789

61.193
593,853

1,848
1.67s
8,972
8,892
177,718
187,027
44,685
66,723 1,404,890 1,390,239
171,855
146,422
40,-108
' 8,6 89 1,584,631 1,839,518
373,000 8,614,822 8,260,132
21,918
2,936
19,751
75,668 2,122,209 2,172,410
947,807 3,524,139 3,712,973
953,150 2,665,803 2,689,889
45,290
240,141
223,028
161,62-1
160,896
81,313
______ ______
189,515! 4,819,956! 4,575,548
OWv. Bur.A O .d April........ 2,675.824 2,511,759 11,113,653 10,415,921
Ohio. A Rest. III. 2<lwk June
68,600
67,300 1,773,806 1,737,441
Chic. (it. Wm i ’u le* wk J’ne
91,423
81,616 1,988,152 1.991,358
Chio.Mil. A St-P. '-.’dw kJune 626,354: 595,409 12,265,385 13,185,347
Chic. AN'tbw'u. April........ 2,208,610 2,440,686 8,884,843 9,888,970
Ohio * No. Pan. April
65,622;
26r,095
63,896!
268,228
70,245
Oito.Peo.ASt. L May
335,369
60,889;
388,083
Ohlo.J4lcI.AP -May........... 1,202,48911,2 e l ,242 5,652,338! 5,938,389
Chl©.Bt.P.M.AO. A pril........ 518,365 506,273 2,136,468! 2,265,557
C hic.* VP.Mich, Istwk J ’ne
635,961
27.551
28,026
626,365
Choc. O k.* Ouli April.........
82,980
3 o3,328
70,3t>7
374,586
12,049
Oin.Oa.dk Forth. March.......
4.156
4,721
13,580
Ola-Jaek. A Mac. IIstwk May
12,084
233,360
J 1,278
239,468
We. N.O. * T. P, -May,.......... ' 304,848
284,458 1,419,902 1,371,661
Clu. Port*. * V . January...
17,652
17,652
21.553
21,553
Ole r. Oaii. Abo. latwk J ’ne
12,7 51
206,0-12
14,888
277,880
C9.CTn.Ch.A S U i I n v k J ’lie 246,101 270,227 5,551,459 5,421,285
Peo. * Kaat'n A p r il......... I 1 2 0 ,098
136,104
522,999
578.261
CILor. * Wheel, latwk J ’ne
25,798
32,893
503,791
574,329
O ol Midland.. . M ay.......... 123.918 166,018
646,106
777,980
Col H, V. A Tol. M ay.......... : 100.296 186,512
902,063 1,022,581
A pril........
6,679"
42,191
GntSand’y A B M ay .........
61,352
301,910
62,813!
293.083
Oolsaa A L ake.. :May..........
2,000
1,300.
7,300':
4,800
C rystal............. A p ril........
948
2,972'
1,1081
4,446
CnrabT’d Valley April.........
56,110!
220.830:
64,780!
249.649
D r a t. A Rio fir ‘Jiiivk June 135,600’ 147,400 2,819,889 3,084,977
tie* M A Kau.C 3d wk May
2,000
2 ,U 0
56,752
43,602
A W .JM ay.......’
80,175; 34,345
158,845
180.345
Oct, <1.Rap. A W, latwk J'ne
22.0531
20,025
512,783
463,880
Bet A M*cki.',*i April....... .
n
44,905
171,600
175,943
BttluthH.H.AAti Uettrk J’ne
80,2481 47.784
582,043
841,254
JR«iBjoi.A,i-:si*t. JMay
7 0 ,1 6 9
458,855
96,580!
543.345
£ < 1 * . . ...................... A ] • 1........... 2 , 4 1 8 , 5 0 7 2 4 4 6 , 7 9 5 0 , 2 7 2 , 4 3 5 : 0 , 4 2 8 , 7 5 2
A t.i-jll
K. *htj
i T u li i
< a «»
' * . *
5,
M l1 : * 4,0001

K w refca W
t.Pin.,,.
Btimkrn
spriMww

19,148
19,186
4,5-iOi
108,493
5*014
128,832
1,716!
3,704!
30,895
45,487
Mtmxmf*# T» i t , 1sstwk J fm*: 17,971
10,515
423,007
469,877
ttMktf ofit-.•«** Ajrrlj....... : 552,740! 600.127 2 ,1 1 8 .3 4 5 ,________I
2,270,147
WU.nl k
ii^twlr J*m?
40,376:
48,266 1,149,306! 1,175,429
FtilOsliL# t*e»...! si wk ,1‘a* 52,507
4 1 ,0 2 . 1,060,730;
068,730
uiwk,roc- 22,250! 19,5241 428,1 SO 384,979
Ft* Wtk- Itio Cif. sty,, *,.,
13,563
120,244
16,552!
120,604
875!
059
3,64a
4,374
EH. . :istw k JAie
23,7711 21,070
655.662
629,870
U m tm k k A la ., :4tjkwkMay* 23,304
10,096
417,711
269,192
<1s , CjutI s *%S a,?A prtt *„**»J
50,221
40,092!
318.023
270,847
IN**.. Bo, k FI*.. -31ajr. . . . . I 85,5031
71,041 i 337,942
357,887
Ut. tu p . A fml.
34,426
37,580!
776,519
841,131
m n.K , k F lw IwXwkJ’tw'
7,251
7,964
106,610
183,792
T tm - ttm X M f I fltulr J ’fH;
602,
854
1.'>*976
50,182
M m . it, H, A I Istwk Lo*‘
2,201
2,120
54,820
44.978
*11
i n t v k J ’m 1 44,660!
1,003,083
48,518:
1,100,031
'
1-iwL.I’fif* 887*585! 830,227 7,181,247 7,170,049
4tteWk.Maf{
73*01 A
80,951 1,100,719 1,318,471
h u m .
22,7 1J
21,725
383,105
365,143
M m 4l§wkM»ys
3,281
8,1401
43,724
53,884
2,035
1,904 j
42,000
26,412
. A. M Mm j ..
1,301.693 1,120,446 4,981,404 4,088,004
MiMJb,. M*v
1 5 9 .0 2 S
143,862
620,457
609,963
Ma.f
1 6 4 ,7 * 4 ! 166.370
777,141
775,188
Mm j .
1,61s.409 1,430,678 6,279,082 6,373,155
■Mat
11,1*4
H,B07'
■17,715
31,913
QmIf <%*
'
3.914
3,025
16.245
16,385
Mmm.Tmi.A Wtl
5,4 33
5,341
19,3 AT
21,172
B m m M ’T m .X m
270,333 2 3 9 3 0 3
747,500
721,779
11 704450 11044454 (8.904,360 t8 ,083,933
t
■A W>.
13.514
12.018
106,268
187,942
i t twk 3'tits:

Mvmtm. at HJch.. :l»tw.te jEtKn:

Ind. 111. A Iowa. April.......
70.863
I n. A Gt. Nortk’B 2't\vk .1une
47,999
ilnteroo. lM ex.)W k.M ay29
48.000
Xmva C en tral... 2 6 wk June
33,3 .7
Iron R a ilw a y ... M ay..........
3,021
Jack. T. & K W. April.........
88,228
KanawhaAMteb 2a wk June
8,605
K.C.F.Soott AM.:Istw k J'ne
85,702
K.C.Mem. A Blr. 1 st ick J ’ne
20,417
Kan. C. N. W— M ay..........
24.838
Kan.City & Om. latw k J’ne
4,052
K.
C, Pitts. A G .-2dw k.T38,250
une
K au.C.8uh.Belt 2(lwk June
11.31 0
Keokuk & West. 3d wk May
6,841
L. Erie All * So. M ay..........
4,203
L. Erie & Wear. ,2dwk June
66,114
L e h ig h & H u d .. M ay___
29,218
Lex’gton& Bast. A p ril....
20,981
Long Is la n d ---- M ay____
341,873
Los Aug. Term. M ay....... .
8,847
LoulB.fi v .* 8 t L :1 stivk J ’ne
26, “00
Lou. H, & St. L. istw k J ’ne
8,355
Loulsv.ANashv. latw k J ’ne 383,730
Macon & B lvm ..!M ar__
4.007
M anistkm e....... M ay............
9.526
Memphls&Ohas.:istw k J ’ne
23,315
:Mexican G ent*.tedwkJim e 255,752
M exican Inter’l. A p ril...,
232.392
tMex. National U cw k J ’UO
90,065
Mex. Northern. A pril.........
55,914
tMexican R’way Wk.May29
67.000
M exican So..........I'hwkMay
18.465
Miuneap.&St-L. 2dwk June
38,513
M.St. P.ivS.St.M {sin'U J 'ne
72,764
Mo. Kan, A Tex. 2dwk June 148,210
Mo.Pao.&IronM 2dwk June 394.000
Central Br'eh. 2d wk ,1une
15.001
T otal............ !2dwk June 409.001
Mobile & Birin.. 1 stivk J ’lie
6,195
Mobile &■O hio.. M ay___
323,826
M ont.&Mex.Glt M ay___
120,120
Nash.Ch,& St. L. M ay___
444.393
Nel, & Ft. Sh’p ’a A p r il...
12,08
Nevada Central, jJi arch..
2,345
N .Y .C .& H . R .J M a y ........... 3,808.730
N. Y. Out. A- W .. 2dw k,lune
75,53 5
N .Y .S u sq .* W .. A p ril...
157,949
Norfolk & West, istw k J ’n e 214,216
Northes’n fQ a.). February.
5,748
Nortbes’n (8. C.) February .
61,873
North’ll Central April
482,095
North’ll Pacific. latw k J ’ne 338,883
Oconee A West- May
2,«70
Ohio R iver......... Istwk J'ne
19,009
Ohio Riv.A Chas May
12,497
Ohio S ou th ern .. May
. .
53.302
O rogonlm p. Co.jApril
281,367
Oreg.KR.ANav. May
375,220
Oreg. Sh. L in e.. A pril......... 438,396
Pacitlo MalL___ March....... 413.891
P ennsylvania. A pril......... 5,011,97,
PeoriaX>ee,&£v. letw k J ’ne
16,823
Petersburg........ April
59,565
Phila. A E rie— April.
309,784
Philu, A Read... April.
1,554,313
C o a l& Ir .c o ..lA im l.
1,088,392
Tot. both Co’s.lApril.
2,642,705
Ph. Read. A N .E JA pril.
46,204
Phil. Wilm. & B, iApril.
731,373
P itts. O.C.&8t.L, 'M ay..
1,100,779
Pitts.Lisb.&W’n M ay..
3,240
P itt8.Be».& L.£.'M ay..
54 350
Pittab. A Wes’n. j*2dwk June
35.047
P itts. O l.A Tol.2dw k J une
18,139
Pitta. Pa. & F . 2dw kJune
8,759
Total system .. 2dwk June
01,995
P ittY o u n g .* A. May.
133.855
Quincy O.A K.C. ’M ay.,
25,07'
Kich.r r’icHli A-P. April
66,876
Rich. A P etersb . April.
33,704
Rio Gr. Sonth’n . 2dwk June
8,261
57,100
Rio GPde West. ;2dwk June
St. J os. A Gr. X,.. 2dwk June!
15.000
St.L. Ch.A St. P. M ay...........1 22,057
8t.L.K eu’et*S o. M ay..........
3,389
8t.L.& San Fran. 'April......... 478,200
St.L. Sou th w est.!1atwk J’ne
71.000
S t P aul A B u i.. M a y .......
118.139
San A n t A A. P . 'April......... 207,149
SanFran. A N.P. M a y ...........
69.098
Sav. F la.A W est 'April......... 257,937
Seab’rd All- Line April........
303,328
0,201
Slier.shrov.ASo. -itiiuk.Hay
23,305
S its p r s.O . A G . April.........
3,554
S llv e r to n ...........'Uecember.
7,5,130
So. car. A G a ... May
1,540
Ho.HavenAKast M ay...........
So. Faeiile C o .Gal. liar. A S. A March....... 374,166
89,330
Louia’a. West, March.......
447,722
Morgan’sLAT. March.......
19,834
N .y .T . AMex. March___
Tex. A N . O rl- March....... 139,413
Atl. Prop’tes.o March....... /1079178
FftctUe ayatern March....... 2.564,489
Total of alL/ A pril......... 3,845.074
So. Pac, of Cal. March....... 789,311
HO.Pac.oiAriz. March....... 229,020
So.Pao.oiN.M. March....... 126,171
Northern R y.. March....... 154,013
Southern R y__ 1 stivk J ’ne 338,575
54,168
Spok. P'ls ANor A pril.........
1,403
Stony Cl. AC.Mt. April..........
61,837
Summit Branch. A pril.........
57.465
A
pril.........
Lyk. V al.coal.
Tot’l both Co’« A pril......... 119,302
3,643
Texas C en tral.. 4thwkMay
98.209
Texas A Paetllo. 2d w kJuno
2,085
T ex.S.V .A N .W . May
38,693
Tol. A Ohio C en t 2d wk June
18,194
Tol. P. & W est.. Istw k J ’ne
42,741
Tol. S t L. A K.C. 2dwk June
Union Pacific—
1,105,479
Union P. E K .. April..
Aeh.Col.A P. > April..
32,467
Ach.J.C.&W J

1800.

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

1897.

$

1896.
$

05.000
275,921
283,199
61.439 1,444,239 1,305,522
42.100 1,079,101
909M81
678,7051
31,834
832,310
3,769
15,529;
20,503
115,7601
29.549
119,479
7.943
216,290
209,084
63,770 1,940,229 1,814.407
17,718
514,691
473,650
20,512
140,491
105,550
1.47L
95,661
40,292
12,320
802,993
271,308
11,115
184,322;
130,233
7.375
140,116
160.462
3,789.
29,942
26.753
70,839! 1,475,356: 1,546,707
134,921!
161,842
36,859'
65,650
19,382
09,071
347,645 1.286,303 1,269,592
6,252
31,290
37,521
28,739
612,484
572,31*2
181,622
9,705
190,457
38.* .445 8,501,!'29 8,410,667
24,311
2 4 ,2 -1
3,997
44,516
10,515
52,936
550,385
36,747
527,482
175,223 5,995.450 4,442,980
239,408 1,042,265
981,965
83,010 2 ,0 1 0 ,0 2: 2,067,919
223.034
286,730
59,061
52.000 1,518,500: 1,242,500
302,161!
11,533
218,148
37,401’ 788,64.4!
812,589
74,356 1,355,514: 1,392,495
173,139 •1,590,836 4,781,927
390,0o< 1 9,657,000! 9,321,265
13.0001 435.00c!
307,881
403,000 10,092,0001 9,629,146
133,446
4,534
116,785
315,628 1,574,332 1,466,850
582,4671
476,885
90,818!
392,859 2,086,859! 2,053,770
43,771
7,831'
' '2,059
5,697
3,704,080 17,446,963 17,401,439
82,353 1,557,429 1,527,373
644,742
170,012
658,943
230,77a 4,430,770 4,890,174
11.177
12,960
0,855
114,289
114,837
60.440
493.819 2.062,554 1,962,763
341,229 6,395,614 6,620,428
14,299
2,871
14,162
366,843
22,875
409,845
10,888
266,751
310,865
58,869
987,089 1,030,856
281,502
1,554,897
331,538
1,559,047
444.780 1,025,684 1,604,225
351.9o7 1,133,779
999,327
5,132,272 19,318,609 20,026.009
309,773
14,349
358,576
196,755
53,373
194.813
345,727 1,135,834 1,157,112
1 635.261 6,135,355 6.388,754
1,403,964 5,548.752 6,365,503
3,039,225 11,684.107 12,754,257
179,605
210,634
52,336
747,87 3
1,210,829 5,543,728 6,052,162
19,022
3.386
17.167
212,049
58,930
247,657
681,359
44,932
744,937
340,132
15,069
364,226
14.949
121,377
136,843
74.950 1,151,213 1,251.939
417,616
160,802
520.027
117,420
23.364
123,089
229,691
65,330
237,026
112,198
31,205
114,479
155,214
9,010
195,506
44,200 1,015,623
980,863
467,18L
10,700
263,854
117,818
22,036
114,219
20,132
4-18,424 1,892,533 1,9302765
75,200 1,815,700 1,934,304
497.320
500,282
109,045
632,395,
551,019
153,949
263,536
68,941
271,374
286,062 1,130,078 1,153,843
270,816
110 480
9,195
108.971
64,010
71,711
23,518
52,260
77,140
12.471
55,832
" 8,252
1,536;
" 6,718
393,519 1,099,999
262.027
77,401'
395J>72’ 1,305,923
63,808
137174
389,426
107.551
/998,902 13,159,62b
2.503.420 7.006.571
3,720,049 14,561,619
831,597) 2,171,308
644,104
204,327:
332,506
99.823;
450,586
153,844
300,129 8,135,670
201,375
29,896
4,005
1,002
267.543
82,693
203,600
77,390
531,143
10O.U 83
85,779
4,012
91,348 2,819,536
13,190
2,504
730,201
26,423
3 6 7 ,7 ,4
18,534
932,068
42,523

1,253,952
250,229
1,300,286
42,546
335,952
13,229,526
7.351,290
14,789,399
2,460,738
642,321
309,786
464,391
7,771,608
110,964
4,892
325,533
303.746
629,279
92,704
2,637,016
12,620
778,611
410,214
871,511

4,423,531
142,505

3,923,061
97,027

988,358
24,649

THE CHRONICLE.

J une 19, 1897.J
L a te st G ross E a r n in g s
R o ad s.

W eekor Mo

1897.

18 9 6 .

*
U n. Pao.—(Con.) I
*
1 3 .0 0 0
Cent. B ra n ch .a Istw k J ’n e
1 6 ,0 0 0
5 9 ,9 8 5
C en.B r.A L ’dL. A p r il..........
7 1 ,8 0 0
Gi^d total.' * c A p r il.......... 1 ,2 9 5 ,6 9 0 1,143 404
7 1 ,8 0 6
U n .P .D e n .& G .. I stw k J ’n e
68 ,8 3 6
2 2 6 ,962
W ab ash ............... 2 d w k J u n e 2 2 3 ,’ 56
16,802
W aco & N orthw . A p r il..........
17,317
W .J ersey A S ea ’e A p r il..........
1 9 1 ,0 7 4 1 9 6 ,511
102,971
W .V.C en.A P itts M arch........
97,6 0 7
2 9 .4 1 4
W est Va. A P itts . M arch........
33,053
3 8 ,3 8 9
W estern o f A la .. A p r il..........
45,571
5 7 .0 0 0
W est.N . Y. A P a. Istw k J ’ne
5 0 ,6 0 0
34.414
W heel. A L. E rie 2 d w k J lin e
19,571
6 5 ,2 2 0
W il. Col. A A ug. F ebruary
6 6 ,9 3 8
9 6 ,« 6 0
W iscon sin C ent. Istw k J ’n e
8 1 ,9 4 4
6,2 4 3
W right8v .A T e n . A p r il..........
5 ,3 8 9
6,1 5 5
Y ork Sou thern. A p r il..........
6,2 1 2

J a n . 1 to L a te s t D ate.
18 9 7 .

18 9 6.

*
4 1 9 ,4 4 6
3 -8 ,4 4 6
5 ,0 9 0 ,* 0 5
1 ,3 7 9 ,2 0 5
4 ,8 9 o ,2 0 2
7 0 ,9 3 2
607,461
2 5 9 ,7 9 4
8 3 ,3 9 5
2 1 0 ,9 5 5

*
2 9 4 ,8 8 0
22-1,919
4 ,5 7 6 ,3 4 2
1 ,2 6 9 ,2 4 5
5 ,3 0 4 .9 7 9
7 7 ,4 4 0
6 1 8 ,6 5 9
2 7 3 ,5 7 2
85,156
1 7 9 ,360
1 ,1 6 5 ,9 8 3
5 8 3 ,0 L3
1 3 3 ,6 1 5
1 ,7 1 4 ,3 0 2
3 3 ,9 5 2

1, 100.001

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

1176

Net Earnings lloutlil/' to latest Dates.—The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
include! every road from which we can get returns of this
character and in that form is given once a month. Early re
turns ar- published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re
turns aie brought together here in the week in which we pub
lish o u j monthly article on net earnings— say on or about the
20th of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme end of these tabulations
—see page 1178.

------G ross E a r n in g s .----- , -— N e t E a r n in g s .------.
1897.
1896.
1897.
1896.
R oads.
$
$
$
$
A d ir o n d a ck ............... A pr.
4 ,5 1 2
1 5 ,292
1 4 ,738
5 ,4 3 1
Jan. 1 to Apr. 3 0 ........
7 1 ,105
6 1 ,1 9 8
3 0 ,9 2 3
2 6 ,0 1 2
* 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 en v erA
102,743
1 8 ,7 0 0
1 1 8 ,2 9 4
9 ,5 1 7
u lf, D e n v e r L ea d v ille A G u n n iso n , M ontan a U n io n a n d L ea v en w o rth A labam a G t.South. a . Apr.
1 1 8 ,6 4 3
Jan . 1 to Apr. 3 0 . . . .
5 0 2 ,4 2 2
4 5 7 ,3 8 9
1 0 0 ,1 1 7
- o p e k a A South v e ster n . a T h ese figu res in c lu d e r esu lts on ea sed lin e s.
J u ly 1 to A pr. 30. . . . 1 ,3 6 1 ,4 6 8 1 ,4 1 0 ,4 5 3
4 5 6 .5 0 8
4 7 6 .4 0 3
t> In o lu d es e a rn in g s fro m fe r r ie s, e t c ., n o t g i^ en s e p a r a te ly , t M exi
can ourrency. c In o lu d es o n ly h a ll o f lin e s In w h ic h U n io n P a c ific has A lab am a M id la n d ....A p r.
4 4 ,1 4 4
4 2 ,7 5 1 d e f 6,8 1 9 d e f.2 ,1 8 9
a h * ’f in t e r e s t
J a n . 1 to Apr. 3 0
2 2 9 ,9 1 5
2 »8,795
3 0 ,6 1 3
2 8 ,3 6 4
d In clu d es o p e r a tio n s o f th e Ohio. B u rlin g to n A N o rth ern in b o th
J u ly 1 to Apr. 3 0 ____
5 2 8 ,8 4 2
9 2 ,4 6 4
8 2 ,6 4 1
5 6 3 ,1 3 4
years.
A lle g h e n y V a lle y ___Apr.
193,917
1 9 3 .1 2 4
7 2 ,2 9 9
6 9 ,3 8 2
i C overs r e s u lts for lin es d ir e c tly o p era ted e a st o f P ittsb u r g ,
Ja n . 1 to Apr. 3 0 ........
7 2 5 ,6 8 0
7
5
4
,9
8
5
2
5
7
,3
6
L
2
)2
,7 2 2
tln c lu d e s St. L ouis A lto n & Terre H a u te for a ll periods.
Ann Arbor.................... Apr.
1 1 6 .9 2 0
9 9 ,519
3 3 ,8 3 9
Latest tfross Earnings by Weeks.—The latest weekly earn
Jan . 1 to Apr. 3 0 ........
427,893
3 7 2 .7 8 8
1 4 2 .4 5 7
ings in the foregoing are separately summed up as follows :
6,07 0 def. 2,7 6 9 d e f.4 ,4 5 4
A rkansas M id la n d ... Apr.
5 ,5 7 2
For the second week of June our preliminary statement
J a n . 1 ro A pr. 3 0 ........
2 3 ,6 5 4
2 9 ,6 0 i d e f.3 ,0 3 5
1,178
oovers 29 roads, and shows 5'60 per cent increase in the A tch. Top. A S. F e .... Apr. 2 ,5 1 0 ,4 9 1 2 ,2 0 3 ,2 7 0 f 4 34,248 1558,321
Jan. 1 to Apr. 3d. . . . 9. 134,003 9 ,1 7 1 ,5 4 9 1,903,•'46 2 ,4 7 3 ,2 9 5
aggregate ">ver the same week last year.
J u ly 1 to A pr. 30. ...2 5 ,6 7 1 ,1 7 7 2 4 ,5 8 J,9 1 2 16 ,8 9 0 ,4 4 4 16,018,811
in crea se.
D ecrease .
1896.
2cf w eek o f J u n e .
1897.
3 5 ,1 8 6
A tla n ta & W. P oin t..A p r.
4 0 ,0 3 4
1 1 ,1 2 7
9 ,9 0 5
1 7 2 ,6 1 4
75 ,0 4 J
6 6 ,0 6 1
Jan . 1 to A pr. 3 0 . . .
1 36,991
■B
*
$
$
4 6 5 .7 1 1
1 9 7 ,4 5 5
J u ly 1 to Apr. 3 0 ........
4 7 7 .4 0 4
1 9 0 ,7 7 5
2,903
2 1 ,7 2 3
2 4 ,8 2 6
1 8 ,120
5 1 ,1 5 4
5 1 .9 2 9
1 6 ,3 8 5
121,789
115^654
6 ,1 3 5 A tla n tic A O anv’e a A p r .
Jan. 1 to Apr. 3 0 ........
1 74,779
182, L38
4 7 ,9 0 6
3 9 .9 1 0
221
6 6 .7 2 3
Buffalo R och. & P itts b ’g .
6 6 ,9 1 4
J
u
ly
1
to
A
pr
3
0
........
4
5
1
,9L3
4
7
8
,3
5
6
1
1
5
,6
7
7
1
1 6 ,6 7 1
93 ,o u o
4 6 6 ,0 0 0
3 3,0 0 0
93
1 8 9 ,5 1 5
5 7 ,3 9 5
A tla u tio A P a c iflo .... Apr.
3 2 6 .6 4 J
1 8 9 ,6 0 8
31 3 ,0 6 9
6 4 ,4 2 3
___. . .
6 7 ,3 0 0
1,3 0 0
2 7 2 ,2 25
6 8 ,6 0 0
Jan . 1 to Apr. 30. . . . 1 ,2 7 7 ,7 4 3 1,23 1,22 3
Chloago & E ast. Illin o is .
2 0 5 ,5 1 3
5 9 5 .4 0 9
6 4 7 .9 2 0
J u ly 1 to Apr. 3 0 ........ 2 ,9 2 4 .3 0 7 3 ,9 0 9 ,8 0 0
6 2 6 .3 5 4
3 0 ,9 4 5
....
3 7 1 ,0 3 2
C hicago M ilw . A St. Paul.
1 4 7 .4 0 0
1 1 ,800 A u s tin A N orthw ....M a r.
1 3 5 .6 0 0
... .. . .
D enver A Rio G rande—
1 9 ,6 1 4
1 3 ,2 4 3
6
,1
2
7
6,0 5 1
4 7 .9 9 9
3 ,4 4 0
5 1 ,1 3 9
........
Iu te r n ’l & G t. N orth’n ...
J a n . 1 to Mar. 3 1 ___
5 3 ,0 3 0
5 9 ,8 3 2
1 8 ,5 0 6
1 ),5 3 6
3 1 ,8 3 4
1,503
. . . . .. .
3 3 .3 3 7
Io w a C en tra l.......................
3 2 2 ,5 7 0
5 4 4 ,6 6 1
562
8.505
7 ,9 4 3
. . . . ... B altim ore A O h io .b . Apr. 1 ,9 8 2 ,5 2 0 1 ,9 5 4 ,1 3 9
K anaw h a A M ich ig a n —
Ja n . 1 to Apr. 3 0 ........ 7 ,8 3 2 ,6 4 4 7 ,2 26,344 1 ,3 7 9 ,7 3 9 1 ,7 8 6 ,2 3 9
25 .9 3 6
3 8 ,2 5 6
12 ,3 2 0
.... ...
K an. C ity P lttsb . sc G u ll
J u ly 1 to Apr. 3 0 ........2 1 ,3 4 5 ,9 9 3 1 9 ,9 5 9 ,3 6 0 4 ,7 6 3 ,5 5 0 5 ,8 9 1 ,1 2 4
1 1 ,3 0 0
11,115
185
K an. C ity Suburb. B e lt ..
7 0 ,8 3 9
6 6 ,1 1 4
....
4 ,7 2 5 B alt. A Ohio Southw .. Mar.
5 1 3 ,2 9 3
5 3 5 ,9 7 3
1 5 2 ,8 9 0
1 6 7 ,6 5 6
L ake E rie Sc W estern —
8 0 ,5 2 9
3 8 6 ,9 3 7
2 5 5 ,7 5 2
1 7 5 .2 2 3
Ja n . 1 to Mar. 3 L........ 1 ,4 4 4 ,7 *0 1 ,5 0 7 ,2 1 6
4 3 5 ,7 6 9
M exican C e n tr a l..........
37,4 0 1
1,117
3 8 ,5 1 8
....
J u ly 1 to Mar. 3 1 ........ 4 ,5 3 4 ,3 2 9 4 ,9 5 8 ,0 1 2 1 ,3 7 6 ,5 4 8 1 ,6 9 1 ,2 2 0
M inneapolis Sc St. L ouis
2 4 ,929 B ath A H am m on d s.. Apr.
1 7 3 ,1 3 9
1 4 8 .2 1 0
. . . . .. .
Mo. K an sa s Sc T » r a s .......
1,511
d ef. 34
451
1,848
3 9 0 ,oOO
4 ,0 0 0
3 9 4 ,0 0 0
Mo. P acific A Iron M t —
d e f.5 4 1
2,063
1 ,5 8 7
262
13,000
2,0 0 0
1 5 .0 0 0
. . . . . . . Blrm. A A tla n tio .b -.M a r .
C entral B ran ch ..............
5
,5
6
2
7
5
7
fan.
1
to
4ar.
3
l
........
5
,3
4
7
def.
674
7 5 ,5 1 5
8 2 ,3 5 3
...........
6,838
New York Ont. A W est’n.
2->,57 2
5 ,0 9 9
Ju ly 1 to M tr. 3 1 ........
1 3 ,7 o 5
1,756
7 4 ,9 5 0
1 2 ,9 5 5
6 1 .9 9 5
4
4
,695
1
0
,9
9
4
1
1
,713
B
ru
n
sw
ick
&
W
est
..A
pr.
4
4
,6
0
6
7 49
9 .0 i0
8.2 6 1
Rio G rsd d e S o u th e r n __
4 7 ,4 3 6
Jan. 1 to Apr. 3 0 . , . . .
17 7 .7 1 8
1 8 7 ,0 2 7
5 0 ,4 1 8
4 4 ,2 0 0
12,9 0 0
5 7 .1 0 0
Rio G rande W estern ----1 5 9 ,9 0 4
1 2 1 ,4 0 1
J u ly 1 to Apr. 3 0 ........
4 7 9 ,1 2 7
4 7 5 ,5 0 5
4 ,3 0 0
10,7 0 0
15,00o
8 t. J o sep h Sc Gd. I sla n d ..
6,361
9 * .2 0 9
9 1 ,8 4 8
2 3 2 ,3 6 9
8 7 ,8 9 6
9 3 ,5 6 3
But!. R ooh.A P itts.b ..A p r.
2 5 8 .3 6 5
2 6 ,4 2 3
7 .2 4 0
3 3 .6 6 3
9 8 7 ,6 5 2
3 3 0 ,9 4 7
2 9 1 .9 4 4
Jan. 1 to Apr. 3 0 ........
9 9 7 ,9 2 4
T oledo Sc Obk) C tn tr a l..
42.741
4 2 .5 2 3
218
........
9 4 0 ,2 2 4
7 9 0 ,8 7 6
J u ly 1 to A pr. 3 0 ........ 2 ,7 9 2 ,9 5 9 2 ,6 2 4 ,6 7 7
Tol. St. L. Sc K an. C ity ..
2 2 6 ,9 6 2
3,806 Buffalo A Suaqueh.a. Apr.
2 2 3 ,1 5 6
1 2 .3 5 5
5 1 ,0 5 2
4 0 ,4 0 8
2 6 ,5 6 4
1 4 .843
3 4 ,4 1 4
19,5 7 1
W heeling Sc L ake E r i e ...
1 4 6 ,4 2 2
Jan. 1 to Apr. 3 0 ........
1 7 1 ,3 5 5
7 7 ,1 3 8
5 2 ,1 6 6
J u ly 1 to Apr. 3 )........
4 8 1 ,6 4 4
4 0 3 ,7 6 0
2 4 7 ,8 4 6
1 7 3 ,9 4 9
9 3 ,1 2 3
2 7 2 ,4 1 0
3 ,3 8 2 .6 8 6 3 ,2 0 3 ,3 9 8
T otal (29 ro a d s) ___
29 5 ,4 0 8
6 6 ,631
0 8 ,9 9 2
Burl. Ced. R. & N o .a ..A p r.
2 5 1 ,0 9 4
179,287
Net in c r e a se (5'60 p. o.)..
5 0 2 ,5 7 1
4 2 0 ,2 8 1
Jan . I to A pr. 3 0 ........ 1 ,1 8 9 ,3 3 5 1 ,4 4 4 ,7 7 2
• D ecrea se due to a b sen ce o f h e a v y p a ssen g er trafflo o f la s t y ea r to C anadian Paoltto. a. Apr. 1 ,6 1 7 ,8 5 9 1 ,4 5 5 ,9 0 6
4 9 1 ,2 3 0
6 2 7 ,1 1 7
K epublioan c o n v e n tio n in S t. L o u is.
Jan. 1 to Apr. 3 0 ........ 5 ,7 3 1 ,8 2 2 5 ,7 5 9 ,5 6 3 1 ,9 0 5 ,4 9 6 1 ,7 9 7 ,4 4 3
For the first week of June our final statement covers C arolina M idlan d___Apr.
2,338 d ef. 1.380
5
2,4 0 9
72 roads, and shows 3-01 per cent increase in the aggregate C ent, o f G e o r g ia ..a ..A p r . 3 1 7 ,5 2 9 3 1 8 ,8 8 0
3 9 ,3 1 3
1 2 ,055
5 6 8 ,5 2 8
5 5 0 ,1 6 2
J a n . 1 to Apr. 3 0 ........ 1,71 6 ,4 5 1 1 ,7 8 2 ,5 1 8
over the same week last year.___________________________
J u ly 1 to Apr. 3 0 ........ 4 ,6 1 6 ,6 0 9 4 ,7 2 8 ,1 6 3 1 ,6 9 5 ,0 1 8 1 ,6 6 0 ,7 5 2
Decrease.
In c rea se .
18 9 6 .
18 9 7 .
1st w eek o f J u n e .
3 2 3 ,3 3 0
9 4 7 ,8 0 7
3 0 8 ,1 0 6
Cent, o f N. J e r s e y .a . Apr.
9 2 6 ,7 7 0
Jan
. 1 to Apr. 3 0 ........ 3 ,5 2 4 ,1 3 9 3 ,7 1 2 ,9 7 3 1 ,0 9 3 ,9 1 9 1 ,1 4 9 ,9 3 4
*
*
*
*
2 7 7 ,0 2 4
9 1 ,038 C entral P acific, b .......Mar. 1,092,729
9 5 3 ,1 5 0
3 6 1 ,4 3 6
3 1 1 ,6 3 9
T rev’ly rep orted (2 9 r ’de) 3 ,4 6 1 .3 6 7 3 ,2 7 3 ,3 8 1
2,3 0 2
....- ...
2 5 ,2 5 0
2 7 ,5 5 2
8 6 0 ,4 3 2
▲ iaoama G t. S o u th e r n ..
8 4 5 ,4 0 7
Jan. 1 to Mar. 3 1 ____ 2 ,6 6 5 ,8 9 3 2 ,6 3 9 ,8 3 9
1,591
9.641
11 ,2 3 5
A tlan tic Sc D a n v ille ---4 5 ,2 9 0
1 2 ,3 3 0
7 ,1 7 5
4 8 ,0 7 4
3 ,5 9 2 Char. A S avan n ah ..A p r .
.
.
.
.
0 3 ,1 3 2
6 6 ,7 2 4
Buttalo Rooh. Sc f Itvsb’g.
8 3 ,1 3 2
2
2
3
.0
28
6 5 ,8 4 8
Jan.
1
to
Apr.
3
0
........
2
tO.l
12
4 74
7 8 ,6 8 9
7 8 .2 1 5
___ . ..
Burl. Ced. Rap. A N o ilh .
1 2 4 ,4 5 7
4 4 2 ,5 9 9
8 7 ,0 4 3
J u ly 1 to Apr. 3 0 ........
4 7 2 ,7 7 7
195
7.5,668
7 5 ,8 6 3
8 2 4 ,2 0 9
2 5 3 ,8 0 2
2 5 3 ,4 3 3
0he8. A O h i o . a .........Apr.
9 0 3 ,0 3 3
8 1 ,6 1 6
9,807
9 1 ,4 2 3
C hicago G reat W estern ..
9 8 8 ,7 4 3
Jan . 1 to Apr. 3 0 ........ 3 ,6 3 3 ,5 4 2 3 ,3 5 8 ,5 4 3 1 ,0 3 5 ,1 5 0
475
2 8 .0 2 6
27,5 5 1
Chic. Sc W est M ic h ig a n ...
J u ly 1 to Apr. 3 0 ........ 8 ,9 9 2 ,0 7 2 8 ,5 6 3 ,0 0 9 2 ,9 0 5 ,8 1 9 2 ,7 1 4 ,7 5 9
2,137
14,888
12,751
Oleve. C anton A Bouth'n
2 4 ,1 2 6 Ohio. B u ri.A Q u in .b .l Apr 2 ,6 7 5 ,8 2 4 2 ,5 1 1 ,7 5 9
2 7 0 ,2 2 7
8 9 6 ,9 5 6
246,101
.... ...
7 7 9 ,1 7 4
Cleve. Cin. C hic. A St. L ..
7 ,0 9 5
3 2 ,8 9 3
........
25,79*
C lev. L orain A W heeling
Jan. 1 to Apr. 3 0 ........1 1 ,1 1 3 ,6 5 3 10 ,4 1 5 ,9 2 1 4 ,4 3 8 ,6 7 2 3 ,5 3 0 ,7 0 5
2,028
20,025
22,0 5 3
D etroit Gr. R ap. A West.
2
,3
3
6
,5
9
0
7
4
0
,4
4
7
7 7 6 ,1 9 7
Culo.
M.
A
Bt.
P
.
a
.
..
Apr.
2
,2
0
3
,7
6
9
17,535
47,784
30,24^
D ulu th 8. S. A A tla n tic ...
Ja n . 1 to Apr. 3 9 ---- - 8 ,6 7 0 ,2 8 3 9 ,7 5 1 .2 4 5 3 ,2 4 0 ,9 4 1 3 ,4 1 8 ,4 0 9
4 74
5,0 1 4
4^40
K vansv. A In d ia n a p o lis.
2 7 ,3 1 8 ,9 7 0 1 0,025,8 L9 1 1 .3 2 1 ,0 0 5
J
u
ly
1
to
Apr.
3
0
........2
5
,4
0
8
,5
6
8
1,988
3,7 0 4
1.716
E van sv. A R ichm on d---5 1 ,7 1 3
6 3 ,8 0 6
4 1 ,1 1 2
6 5 ,622
1,544 C hicago A >To. Pac .. Apr.
19 ,5 1 5
17,971
E van sv. a T erre H a u t e ..
.............
2 2 2 ,7 9 6
2 6 9 ,2 2 3
1 8 3 ,8 7 6
Jan. 1 to Apr. 3 0 ........
2 8 0 ,0 9 5
1,1 1 0
« ... . . .
4 8 ,2 6 6
49,3 7 6
F lin t A P ere M a n u e tt^
11,165
.
.
.
.
.
.
.
.
4 1 ,0 2 2
124,897
2 9 ,5 1 1
52.597
Fla. C ent. A P e n in su la r ..
Uaio. <fe W est M ic h ...A p r. 130,222
2 5 ,0 6 3
2,735
9 7 ,0 9 2
1 9 .5 2 4
4 8 0 ,9 0 3
7 4 ,7 8 2
22,2 5 9
Ft. Worth A D en v . C ity.
Ja n . I to A pr. 3 0 ........
49 0 ,6 3 3
2,701
2 1 ,0 7 0
23,771
16,0
34
7
0
,3
6
7
1 4 ,7 8 5
C
hoctaw
Okla.
A
G.
Apr.
8
2
,9
3
0
3 ,1 5 4
3 7 ,5 8 0
- 34,4 2 6
Grand R apids A Indian a
3 7 4 ,5 8 6
9 0 ,9 7 3
7 5 ,5 0 6
Ja n . 1 to Apr. 3 0 ........
3 6 3 ,3 2 8
713
7,9 6 4
7,251
Cin. R ich. <fe Ft. W ayne
1 7 9 ,9 5 0
5 8 7 ,5 2 0
1 1 8 ,8 2 1
N o v. 1 to Apr. 3 0 ........
6 2 1 ,0 5 3
162
692
5
3
,271
5,329
6 ,7 9 4
Cin.
Jaoic.
A
M
aok.b-M
ar.
5
8
,4
3
6
.
.
.
.
.
.
.
.
2 ,1 2 0
171
2,291
M us. Gr. R apids A Ind.
1 6 0 ,4 7 3
1 0 ,4 7 6
1 7 ,9 1 0
Jau . L to Mar. 3 1 ........
16 2 ,7 3 6
1,642
3 3 9 ,2 2 7
3 3 7 .5 8 5
*4rand T runk o f C anada.
9.9 350
*’ 2,686
1 0 9 ,2 2 9
2 8 4 ,4 5 3
5 9 ,8 5 9
C in.N .O rl.A L’e x .P .a .M a y
3 0 4 ,8 1 8
2^838
4 9 6 ,0 0 1
7,405
3 3 3 ,4 3 8
Jan . 1 to May 3 1 ........ 1,419, *02 1,3 71,651
10,243
K anaw ha Sc M ich ig a n ---........
9 9 3 ,9 2 2
63.7 7 0
2 1 ,9 9 2
9 6 8 ,5 5 3
85,762
J u ly 1 to May 3 1 ........ 3 ,1 4 1 ,1 7 2 3 ,1 * 7 ,1 3 2
K an.
F t. 8. A M em ..
2.6 9 9
17,7 1 8
20,4 1 7
R an. City Mem. a B lrm ..
60,021
1,043
1 2 ,8 5 0
C leve. C anton & B o .. Apr.
5 5 ,4 5 7
2,581
1,471
4,0 5 2
K ansas City A O m aha. ..
2 2 ,2 2 9
19 9 ,3 8 7
3 7 ,6 2 0
Jau. 1 to Apr. 30. . . .
L98.20L
2 ,0 3 9
28 .7 3 9
26.7 0 0
L onisv. E v a n sv . A Bt. L . .
9 3 ,0 9 3
5 7 8 ,7 7 2
13 L,0 3 3
J u ly l to Apr. 3 0 . . . . .
5 7 4 ,9L6
1,350
9,7 0 5
8,3 5 5
L ouisville H ea d .A Bt. L ..
2 43,406
2 4 1 ,6 0 3
1,715 Olev.Cln. C.ASt. L .a , Apr. 1 ,0 6 8 ,9 7 9 1,036.100
3 8 8 ,4 4 5
........
3 8 3 ,7 3 0
L oaisvilie A N a sh v ille ...
9 6 3 ,7 0 3
Jan . 1 to Apr. 3 0 . . . . . 4 ,2 4 2 ,7 7 8 4,099,479 1,001 ,4 6 *
6,568
23,316
1 6 ,7 1 /
M em phis A C h a r le sto n ..
J u ly 1 to Apr. 3 0 .........1 0 ,932,200 11 ,4 8 1 ,9 73 2 ,7 6 9 ,0 0 5 2 ,9 2 1 ,0 1 4
1,592
74,356
72,764
Minn. Bt. P. A 8. 8 . M .. ..
4,534
661
136,104
5,0 6 0
2 1 ,6 1 9
5.195
P eo ria A E a st’n .a .. Apr.
120,038
Motdle A B ir m in g h a m ...
1 6 ,5 6 0
2 3 0 ,775
5 7 8 ,2 6 1
1 0 9 ,6 7 7
139,32 L
Jan. L to Apr. 3 0 ----5 2 2 ,9 3 *
N orfolk A W estern ___
2 1 4 ,2 U
2 ,3 4 6
3 4 1 ,2 2 9
2 8 9 ,5 5 4
4 0 0 ,2 4 4
J u ly 1 to Apr. 3 0 . . . . . 1,356,377 1 ,6 1 0 ,4 1 9
3 3 6 ,8 8 3
2 ,9 0 6
22,8 7 6
. ... ...
19,969
Ohio R iver. .........................
9 9 ,1 3 2
2 7 ,0 7 0
2 5 ,6 0 8
Clev. Lor. A W heel...M ar.
9 0 ,007
6,200
11,600
17,800
Bt. J osep h A Gd. Tsland.
........
2 3 6 ,6 9 7
85,248
6 4 ,3 6 5
Jan . 1 to Mar. 3 1 ........
2 5 9 ,0 1 9
3 2 ,4 4 6
306 , 12 y
262, *42
1,13 3 ,0 2 7
3
4
7 ,3 9 8
J
u
ly
1
to
Mar.
3
1
........
857,511
3
40
18,534
T oledo P eo ria A W est’n..
1 8 ,1 9 4
161,941
3 6 ,2 7 8
6 1 ,2 3 5
1 33,527
2 ,9 7 0 Colorado M id lan d .. .A pr.
........
7 1 .8 0 6
Un. Pac. D en. A G ulf---6 8 ,8 3 6
6
1
1
,9
6
2
9
0
,1
6
9
17
2 ,4 9 0
Ja
u
.
1
to
Apr.
3
0
........
52
2
,1
3
8
6
,4
0
0
5 7 ,0 0 0
W estern N. Y. A P e n n ...
50,600
d ef. 2,3 21
Oolumb. & Red M t.. Apr.
6,6 7 9
2
0
0
,367
3
8
9
,8
2
2
9,901
Ja u . 1 to Apr. 3 0 ........
4 2 ,1 9 1
6 ,1 6 7 ,3 1 8 0 ,2 7 7 ,8 6 3
T otal 72 roads
1 8 9 ,4 5 5
5,9 9 2
6 ,6 6 4
57 , l e t
Net in crea se <3'01 p. o .l.
........ Col, San. A H ockin g.M ar. 5 6 ,3 6 7
............

THE CHRONICLE.
am

C rr* ‘n
C ue

Apr.
. 1 1 A p r 30.

•. : *:s-l VAlley .lp r.

E a rn in g ).-

1607.
$
949

2.973

5 0 ,1 1 0

J4«i. 1 W Apr 30. . . .
2 !0,S JO
Den. A H Grand*.*. Apr. M 2 ,9 * 5
J*u. I to Apr. 30 . . . 3,000.73#
J u ly | to Apr. 3 0 ........ 5 ,7 7 0 ,2 * 9

D m Motor* A tc. 0 ... U*r.
13,303
J ilt. 1 !« Mar. 31- . . .
37.248
Dee M .-Ir r iS o iW . Apr.
31,7*7
Jan. 1 » Apr. 30. . . .
123,370
PtU 'Id. l'Up. A "'.a. Apr.
107,313
Jan. 1 to Apr, 3 0 .......
393,951
Detroit A M*ek'«.»,. Apr.
43,837
Jan. 1 to Apr. 3 0 ,....
17I.960
JttlV 1 to Apr. 3 0 .......
314.070
Elgin Juliet A E « ..Apr.
104,873
379,333
Jan. 1 to Apr. 30.......
July I to Apr. 3t<.......
999,584
Erie .............................Apr, 3,419,567
Jan. 1 to Apr. 30....... 9,272,435

1893.
*

1,101

4,443
17,081
9,645
0 4,790
7 2 ,1 0 3
5 3 .0 0 8
249.349
2 2 5 ,2 1 2
2 5 2 .4 7 2
530,224
8 7 0 ,2 4 1
2,221,077
821,818
3,303.343 2 ,3 5 8 ,2 9 8 2 ,7 0 7 ,1 3 5
3 ,1 1 7
5 ,0 5 1
9,812
9 .9 8 2
11.789
26,2 49
1
1
,4 3 8
2,423
32,055
5 1 ,0 6 7
28,740
U 3 .0 J J
1 7 ,0 77
98,825
2 9 ,0 1 8
4 3 .7 6 6
353.408
7 4 .3 2 5
17.715
10,7 6 4
14,905
6 7 ,3 5 2
175,913
5 3 .9 0 8
1 1 5 ,8 7 5
8 2 ,1 6 4
352,117
3 6 ,1 6 3
102,431
4 0 ,4 9 5
1 5 1 ,3 19
1 4 1 ,1 0 0
446.756
3 5 5 .6 2 7
3 7 3 ,9 68
1,080.197
5 0 8 ,5 1 3
5 3 8 ,3 4 2
2,446,795
9,428,752 1 ,8 2 2 .0 6 5 1 ,0 8 1 ,3 0 4

Ju ly 1 to .Apr. 3 0 ....... 2 5 .9 7 3 ,3 5 7 2 3 ,3 4 3 ,2 3 6
4 .9 0 9
5.381
1 9 ,4 8 6
19,143
2
2
3
,4 7 2
236,491
F lint A Pere.Atarq.a.Apr,
9 2 1 ,5 1 6
901,530
Ja n . 1 to Apr. 30.......
7 8 ,9 1 2
82.917
F%. W, A p eu v. City., Apr.
2 9 4 ,6 3 7
Jan. 1 to Apr. S o ..:..
321,799
959
875
Gadsden A A lt. 0 B -. May
4,374
3.5 4 3
Jan. 1 to May 3 1 ----9 6 ,2 8 7
1 0 3 ,6 0 8
G eorgia.» .............. . ..Apr.
5 2 4 ,0 6 0
Jan. 1 to Apr. 30.......
529.838
July 1 to At>r. 3 0 ....... 1,393,330 1 ,3 0 9 ,0 0 9
5 9 ,8 7 3
7 5 ,7 0 1
Georgia A Al»b'o.a.$ Apr.
2 0 3 ,4 3 5
3 4 1 .2 4 7
Jan. 1 to Apr. 3 0 .......
4 8 5 ,2 5 3
8 6 3 ,4 1 0
July 1 to Apr. 30.......
8 5 ,2 7 9
31.521
C * South. A Fla.a.. .Apr.
2 8 5 .9 4 6
2 7 2 .3 4 9
Jan. 1 to Apr. 30. . . .
7 2 9 .8 2 0
July 1 to Apr. 3 0 ........ 728,963
2 2 5 ,1 3 2
QJ. Rapids A lad. .. Apr. 200,262
8 4 3 ,9 1 7
Jau. 1 to Apr. 30 . . . .
738,312
Gr.Trank of Cana,la. Apr. 1,436,022 1 .1 6 2 ,9 0 5
Ja n , I to Apr. 3 0 ........ 5 ,3 6 8 ,3 9 5 5 ,3 1 7 ,2 2 1
2 7 9 ,2 4 5
Chim <* Gr. T rank. Apr.
2 3 7 .1 1 5
9 0 4 ,0 1 4 1 ,0 3 3 ,7 3 6
Jan. 1 to Apr. 3 0 ,___
7 7 .8 7 0
79,924
Det. Gr. (I. A: M il...Apr.
2 3 5 ,7 3 2
3 1 0 ,6 0 6
Jan. 1 to Apr. 30.......
3 ,3 0 3
3 .0 1 8
G a ll A C h icago. b . . . Apr.
1 3 ,3 6 0
11,3 3 1
Jan. 1 to Apr. 30.......
4 .3 6 5
H oesn e Tun.A Wtlm. Apr,
3 .3 5 0
1 3 .9 1 2
15,9 3 1
Jan, 1 to Apr. 30.......
2 3 0 ,5 0 3
H oum A Ter, Cent.. Mar.. 2 7 0 ,3 3 3
Jan. 1 to Mar. 31........ 7 1 7 ,5 0 0
7 2 1 ,7 7 9
nilBow Central a ; Apr., 1 ,6 2 3 ,6 4 1 1 ,6 38,741
Jan. 1 to Apr. 3o....... 7 ,1 0 9 ,8 9 1 7 ,0 3 9 ,1 7 9
.1 8 ,5 6 1 ,8 7 9 1 3 ,6 6 8 .2 7 4
6 5 .0 6 6
7 0 ,8 6 3
Jar,. 1 to Apr. 3 0 ...... 2 7 5 ,921
2 8 3 ,1 9 9
6 0 7 ,3 6 9
July 1 to Apr. 30........ 6 2 1 ,1 3 9
1 0 9 ,042
Iowa C entral.b........ Apr..
1 3 5 ,8 2 0
0 4 2 ,0 0 5
Jan. 1 to Apr. 3 0 . __
4S3.805
. 1 ,2 9 8 ,4 8 6 1 ,5 9 0 ,0 0 7
Iron Kail w ay b ......... Apr.
2.351
4.161
J a n . 1 to Apr, 3 0 ........
12,5 0 9
1 6 .7 3 4
3 2 ,3 3 2
4 0 ,8 7 9
July l to Apr. 30.......
29,5 4 9
J a ck . Tam . & K, IV. Apr.
28,2 2 3
Jan . 1 to Apr. 3 0 -----1 1 5 ,7 6 0
1 1 9 ,4 7 9
...
Jn m est’n A L. E rie. J an.
2 ,3 1 3
K anaw ha A M loh.b.. Apr,
4 0 ,6 3 5
4 1 ,1 8 9
P a n . 1 to Apr. 3 0 ........
1 5 6 ,8 3 6
1 5 8 ,570
Ju ly 1 to Apr. 3 0 . . . . .
3 9 1 ,7 8 1
4 0 1 ,5 1 9
a a .C .F t , 8. A M .a .A p r.
3 5 1 ,3 8 2
3 3 5 ,2 6 7
1 ,5 2 1 ,9 7 1 1 ,4 6 8 ,3 8 3
3 ,3 0 7 ,1 2 6 3 ,9 7 0 ,4 7 8
Kan, O. Mem, A B .a . Apr.
8 6 ,8 2 4
7 8 ,9 4 8
Ja n . 1 to Apr, 3 0 ........
4 0 4 ,7 1 8
3 7 9 ,7 9 0
Ju ly 1 to Apr. 3 o , . . . . 1 ,0 8 1 ,7 7 2 1 ,0 3 1 ,1 5 1
K ao. City PHta. A G.Apr.
1 7 9 ,0 1 2
5 4 ,4 0 5
K eokuk A W ost'n. b .M a r .
3 6 ,1 9 1
3 4 ,9 0 1
Jan. I to Mar. 3 1 ........
9 2 .0 4 0
1 0 4 ,7 0 9
Ia E rie A ll. 4 S o . i l ,, Apr.
5,3 9 7
4 ,6 6 1
J a n . 1 to A pr, 3 0 . . . . .
25.7 3 9
2 2 ,9 0 4
l a k e Erie A W est. b . Apr.
2 7 2 ,0 7 1
2 8 5 ,8 2 3
Ja n . 1 to Apr. 3 0 . . . . . 1 ,0 6 1 ,1 8 5 1 ,1 2 4 ,0 7 4
Lehigh V alley R E ,..A p r ,
D eo.
16,608
P » n . 1 to Apr. 3 0 ...........
D eo. 1 4 6 ,0 8 5
Dee, 1 to Apr. 3 0 ............
Deo. 2 7 1 ,7 5 6
L ehigh Val. Coal Oo. Apr.
D ec. 1 5 8 ,034
J*n. 1 to Apr. 3 0 ............
Deo. 425,538
Dee. I to Apr. 3 0 ............
Deo. 3 0 2 ,5 0 1
t a i l Ofton A Ks«Cn.. Apr.
2 0 ,9 8 1
1 9 ,3 8 2
J a n . I to Apr. 3 0 ........
3 5 ,0 5 6
69,0 7 1
o u is r .I I.n d A 8 U - M ay
3 4 ,9 8 5
3 8 ,0 5 0
Jan , 1 to May 3 1 ........
1 7 3 ,2 6 7
1 8 0 ,7 5 2
Looine, A S a a h r .b .A pr, 1 ,5 6 9 ,4 0 8 1 ,5 3 4 ,1 9 1
Jan. 1 to Apr. 3 0 ....... 6 ,4 3 4 ,7 0 4 6 ,4 2 0 ,2 2 8
J u ly 1 to Apr. 3 0 ........ 17 .0 2 7 ,0 2 1 1 7 ,1 4 0 ,3 1 0
Macon A f ilm in g . .Apr.
.1,131)
2.5 4 7
J a n . 1 to Apr. 30___
20,3 0 4
20,2 9 4
Ju ly 1 to Apr. 30.. ..
54,1 5 8
5 0 ,8 8 6
M antaiura*... . . . . . . . . Apr.
5 ,8 9 7
9 ,0 1 3
J a n , 1 to Apr. 3 0 .....
3 4 ,9 9 0
42,421
Memphis A CbaVn . Apr.
97,2 6 3
8 5 ,0 9 2
/a n . 1 to Apr. 30.......
4 1 4 ,055
4 2 3 ,2 9 0
Muir 1 to Apr. 3 0 ..... 1 ,1 4 3 ,3 0 5 1 ,1 75,743
M allear, '" a n tra l__ Apr. 1 ,1 7 0 ,1 7 9
8 3 4 ,0 3 8
Ja n , 1 to Apr. 3 0 ,,.., 4 ,3 9 6 ,5 6 8 3 ,3 0 2 .9 9 7
M ai. in te rn a tio n a l.. Apr.
232,392
2 3 9 ,4 9 8
Ja n , 1 to Apr, 30+ ..., 1 ,0 4 2 ,2 6 5
9 8 1 ,9 8 5
M#*teao National
514,433
3 8 8 ,3 7 4
J a n , x to Apr. 3oApI: 2 ,0 1 3 ,1 6 4 1 ,0 2 1 ,3 4 5
M e riran 5 o n -5err ...A pr.
5 5 ,9 1 4
5 9 ,0 6 1
J a n , 1 to Apr.
2 2 3 ,0 3 4
2 8 6 ,7 3 0
Ju ly 1 to Apr.
5 1 9 .3 7 3
0 3 3 ,1 0 1

Eureka Spring*........ Apr.
Jan. I lo Apr. 30.......

- X c t E a r n in g s . — •
1880
18 9 7 .
$
*
24*
431
141
1,282

fVoi.
---- Qross S a m i n as. 1907.
1896,

Hoads.
*
M inn. A 8 t. L o u is., a . Apr.
1 3 1 ,8 8 5
Ja n . 1 to Apr. 3 0 ........
6 6 1 .1 6 9
J u ly 1 to Apr. 3 0 .___ 1 ,0 5 8 ,3 2 1

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

M ln n .a U * .* S .S te M. Apr.
Jau . I to Apr. 3 0 ........

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

M obile A B tn u ’ghatn. Apr.
J a n . 1 to Apr. 3 6 ........

2 3 ,2 3 8
10 1 ,1 4 1

LXIV,

-N e t E a r n in g s .----- . 18 9 7 .
1896.
*
*
10,702
35 ,8 8 0
2 0 8 ,8 8 3
2 0 3 ,8 7 9
7 1 7 ,2 8 0
8 9 6 ,2 0 4
1 1 0 .4 5 4
9 7 ,5 1 4
3 7 2 ,1 2 1
3 4 3 ,6 2 0

1 9 ,034
9 1 ,1 0 7

1,879
1 7 ,077

1,801
4 ,7 9 7

M obile & Ohio ........... Apr.
2 7 3 ,0 5 8
2 7 3 ,4 6 2
J a n . 1 to A pr. 3 0 ........ 1 ,2 5 0 ,5 0 0 1 .1 5 1 ,2 2 2
J u ly l to Apr. 3 0 ........ 3 ,2 4 1 ,0 3 5 3 ,0 1 5 ,0 6 2

110,129
3 3 1 ,4 2 7
1 ,0 8 9 ,6 0 0

li7 2 ,0 1 3
3 7 0 ,9 0 1
1 ,1 6 4 ,3 1 9

M onterey & M ox.G ’f.Mur.
Jan . 1 to Mar. 3 1 ........

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

1 04.037
2 0 5 ,6 7 1

7L 733
1 7 7 ,4 0 3

N ash.O h. A 81. L .b .-M a y 4 4 4 ,3 9 3
J a n . 1 to M ay 3 1 ........ 2 ,0 8 6 ,8 5 9
J u ly 1 to .May 3 1 ........ 4 ,6 5 2 ,8 7 7

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

1 6 6 ,8 5 1
72 1 ,1 5 1
1 ,7 3 1 ,5 4 7

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

tfelaou & Ft. ShepM . Apr.
..............
1 2 .0 9 5
...............
0 ,6 7 9
J a n . 1 to A pr. 3 0 ........
4 3 ,771
..............
2 5 ,0 3 3
..............
2 .0 5 9
N ev a d a C e n tr a l. . . . . . . Mar,
2 ,3 4 5
75
d c f.2 9 1
Jan . 1 to Mar. 3 1 , . . . .
7 .8 3 1
5.6 9 7
1,1 4 0 d cf. 1 ,1 6 4
2 9 1 ,1 2 1
3 0 0 ,1 9 0
7 6 ,8 3 2
7 5 ,261
0 ,6 0 7 .8 7 4 0 ,5 0 9 ,0 5 1 N Y. O ut, A W e st.* .. Apr.
Jan . I to Apr. 3 0 ........ 1 .1 1 9 ,0 1 9 1 ,0 5 5 ,0 2
2 0 0 ,5 4 9
221.022
2 ,3 1 3
2 .7 5 1
J u ly 1 to Apr. 3 0 ........ 3,24,5,721 3 ,1 0 2 ,2 2 9
9 5 7 ,0 6 4
8
7 0 .0 0 7
1 0 ,024
9,5 1 3
1 7 0 .0 1 2
1 57,949
N Y 8u s. & W est. b ,. Apr.
7 3 ,2 4 5
6 0 ,2 7 2
51,6 93
5 5 ,2 0 2
6 5 8 ,9 4 3
J a n . 1 to Apr. 3 0 ........
6 4 4 .7 4 2
2 7 6 .8 2 0
2 7 4 ,2 0 3
2 2 5 ,5 3 0
2 1 5 ,8 3 4
J u ly 1 to A pr. 3 0 ........ 1 ,9 8 4 ,3 0 5 1 .8 4 7 ,3 7 0
7 8 0 ,2 9 0
8 4 2 ,9 1 2
10.2 15 N o r f o lk * W est’n .a .-A p r .
9 ,9 6 0
9 3 8 ,1 9 4
7 9 9 ,9 4 9
1 90,625
1 4 0 ,7 6 3
2 3 ,599
0 3 ,1 0 7
Jau . 1 to Apr. 3 0 ........ 3 ,3 8 0 ,0 2 0 3 ,7 7 8 ,9 )1
9 5 7 ,0 4 0
7 6 4 ,8 6 1
545
371
Oct. I to A pr. 3 0 ........ 6 ,1 7 0 ,0 0 3 6 .5 3 1 ,9 4 0 1 ,7 3 0 ,0 0 6 1 ,4 0 2 ,4 3 7
2 .2 3 3 N orth eastern o f G a..F eb .
1,311
6 ,8 5 5
5 .7 4 3
3 .2 1 2
1,499
gr 1,698
gr 1,936
J a n . 1 to Feb. 2 8 ........
1 1 ,177
1 2 ,9 6 0
1 ,7 6 4
5 ,8 1 4
1 4 0 ,690 N orth ern C en tr a l.b .,A p r .
1 4 5 ,730
4 3 2 ,0 9 5
4 9 3 ,8 1 9
1 3 8 ,2 1 0
1 2 2 ,8 5 0
K 139,587 " 1 1 9 ,2 2 0
J a n . I to A pr. 3 0 ........ 2 ,0 8 2 ,5 8 4 1 ,9 6 2 ,7 0 3
4 8 3 ,0 6 3
6 1 2 ,2 5 6
1 3 ,0 7 3
13,7 87 N orthern P aeltie....... Apr. 1 ,2 7 5 ,6 2 8
3 7 0 .0 2 0
6 3 ,2 1 4
74,226
J a n L tO A or. 3 0 ........ 4 .6 1 8 .5 0 9
1
,2
6
1
.1
5
9
1 3 3 ,7 0 4
2 5 1 ,0 3 3
S ept. l t » Apr. 3 0 ...1 2 ,0 8 8 ,0 3 2
4 .9 0 5 ,4 4 0
8 42 Ohio R iv e r .b .............. A pr.
1 3 ,8 4 1
7 0 .1 9 5
8 1 ,6 6 6
2L 817
2 5 ,8 8 6
7 5 ,1 3 2
8 5 ,8 2 2
____
2
8
3
,1
6
7
Jau
.
1
to
Apr.
3
0
9 3 ,7 1 5
3
0
3
,0
8
1
8 2 ,8 4 4
2 4 7 ,8 03
2 4 2 ,1 4 1
O
regon
HR.
&
N
a
v
,.A
p
r
.
3
1
5
.7
3
3
2
7
5
,9
3
5
9
6
,2
4
7
3 3 .8 5 6
1 0 ,8 5 1
Jan . 1 to A pr. 3 0 . . . . . 1 ,1 7 9 ,6 7 7 1 ,2 2 7 ,5 0 9
3 3 7 ,6 8 7
1 3 8 ,7 3 8
2 0 >,s98
O regon S h ort L ine h .A p r .
4 3 8 ,3 9 6
4 4 4 ,7 8 0
2 4 2 ,9 1 5
2 3 4 ,1 8 6
4 3 6 ,9 1 3
4 7 6 ,3 1 4
1
,6
0
1
,2
2
5
7
3 3 ,3 7 2
J
a
n
.
1
to
Apr.
3
0
........
1
,6
2
5
,6
8
4
7 7 2 ,2 1 7
1 ,3 8 9 ,7 2 9 1,18 2,613
P
e
n
n
sy
lv
a
n
ia
—
2 9 ,4 3 3
2 4 ,8 2 9
L in es d ir e c tly o p era ted —
7 8 ,2 9 2
9 5 ,0 * 4
E ast o f F itts A E .. Apr. 5 ,0 1 1 ,9 7 2 5 ,1 3 2 ,2 7 2 1 ,5 1 1 ,3 0 8 1 ,3 3 6 ,8 0 8
8.458
1 7 ,6 4 6
Jan. 1 to Apr, 3 0 ... 1 9 ,3 1 3 ,6 0 9 2 0 ,0 2 0 ,0 0 9 5 ,5 5 0 ,9 2 8 5 ,0 9 6 ,3 2 8
9,0 03
4 5 ,8 2 8
W e sto f Pitts.& E ..,4pr,
D eo. 3 8 1 ,4 0 0
Deo. 2 7 7 ,9 0 0
def. 9 4.
694
Jan. 1 to A pr. 3 0 ...
D ec. 1 ,0 1 4 ,2 0 0
Deo. 1 7 0 .2 0 0
2 ,0 2 2
2 ,9 7 0
P
eoria
D
eo.
*
E
v
___Mar.
6
7
,5
2
8
1
1 ,5 4 6
7
2
,1
9
4
1 8 ,9 2 3
1,189
1 ,5 1 4
2 1 7 ,9 5 3
.Tan. 1 to Mar. 3 1 ........
2 1 7 ,4 0 9
5 4 ,8 3 0
6 9 ,7 9 9
3 ,5 2 8
5 9 ,5 6 5
5 3 ,3 7 3
3 2 ,6 1 9
2 4 ,6 1 1
5 2 ,7 8 2
16,8 33 P e te r sb u r g .................... Apr.
9
3
,5
2
4
8
4 ,5 8 2
Jan
.
1
to
A
pr,
3
0
.
.
.
.
.
1
9
6
,7
5
5
1
9
4
,8
1
3
1 3 5 ,593
1 4 9 ,5 3 8
J u ly 1 to Apr. 3 0 .................................
4 4 4 ,3 3 5 4 7 0 ,7
2 0404,5 0 2
2 ,9 ,4 8 6
4 3 5 ,2 2 1
3 6 1 .2 1 8
1 3 0 ,0 2 4
3 0 9 ,7 8 4
3 4 5 ,7 2 7
1 0 0 ,3 8 5
2 ,2 0 4 ,3 2 2 ,0 9 9 ,1 8 6 P h lla, A E r i e ........ b .A p r .
Jan . 1 to Apr. 3 0 ................................ 1 .1 3 5 ,8 3 4 1 .1 5278,171.722 7
2 6 3 ,2 7 5
1 5 ,628,949 16,305,^ 32
6 3 5 ,9 5 4
6 9 5 ,5 1 9
25,8 4 5
-21,614 P h lla. & R e a d in g ....A p r . 1 ,5 5 4 ,3 1 3 1 ,8 3 5 ,2 6 1
Jan . 1 to A pr. 3" ................................ 6 ,1 3 5 .3 5 5 6 ,32 8,583.795,945 6 2 ,5 7 0 ,0 1 6
102 ,045
9 3 .1 0 2
Deo. 1 to Apr. 3 0 ................................ 7 ,8 4 6 ,0 4 1 8 ,232,362,64 5,060 3 31335,461
1 7 2 ,3 4 3
2 0 9 ,1 0 2
Coal & Iron C o— Apr. 1 ,0 8 8 ,3 9 2 1 ,4 0 3 ,9 6 4 d f,1 2 9 ,1 1 7 d f. 1 9 8 ,6 9 3
2 0 ,6 5 3
43,n53
d f.4
Jim . 1 to Apr. 3 0 ................................ fi,54S ,752 6 ,3
6 53,540,331 6 d f.2 7 4 ,7 4 1
1 3 2 ,409
2 4 5 ,7 3 2
Deo. 1 to Apr. 3 0 ................................ 7 ,3 1 9 ,4 5 1 8 ,5
d f8.51 ,8
lo 6,910 9 d f.5 1 1 ,7 1 3
3 8 3 ,7 9 2
6 1 7 ,5 71
T o ta l b oth Co’s . . . . Apr. 2 ,6 1 2 ,7 0 5 3 ,0 3 9 ,2 2 5
5 9 6 ,8 3 7
4 9 6 ,8 2 6
213
297
Jan , 1 to Apr. 30. ...1 1 ,6 8 4 ,1 0 7 1 2 ,7 5 4 ,2 5 7 3 ,1 0 5 ,6 1 0 2 ,2 9 5 .3 0 5
877
3 ,5 4 0
D eo 1 to Apr. 3 0 ____ 1 5 ,1 6 5 ,1 9 2 1 6 ,8 0 8 ,5 1 7 2 ,8 0 8 ,0 9 4 2 ,8 2 3 ,7 4 8
7 ,2 1 5
1 ,7 1 7
2 5 ,4 5 9
2 5 ,4 5 9
R e a d in g C o . . ............Aor.
7 .3 7 2
6 ,9 1 9
D eo. 1 to A pr. 3 0 ____
1 2 2 ,0 1 2
1 2 2 ,0 1 2
2 1 ,1 6 1
7 ,9 2 4
-------..............
T
otal
a
ll
Co’s
............Apr.
5
3
2
,2
9
6
5
2
2 ,2 8 5
(lef.5 4
.... ...
D eo. 1 to Apr. 3 0 ........
2 ,9 3 0 ,1 0 8 2 ,9 4 5 ,7 6 0
9 ,3 6 5
11,7 60
4 6 ,2 0 4
5 2 ,3 3 6
1 4 ,8 4 6
1 4 ,328
3 0 .4 8 1
4 0 .0 1 4 PblL R ead. & N .E ng.. Apr,
1 7 9 ,6 0 5
2 1 0 ,6 3 4
5 7 ,0 9 2
5 5 ,4 7 5
9 4 ,5 3 0
1 0 1 ,5 2 9
P
h
lla.
Wiltn.
&
B
a
lt
.
Apr.
7
3
1
,3
7
3
7
1
7
,8
7
3
2
0
2
,3
2
4
1
8
4 ,6 2 4
0 9 6 ,3 5 9
1 0 5 ,4 3 7
4 ,0 6 8 ,6 7 9 4 ,2 3 5 ,4 7 9
9 7 1 ,7 3 3
9 0 8 ,3 3 8
4 6 8 ,9 0 2
4 3 5 ,1 8 3
1 ,2 3 7 ,0 1 1 1 ,1 9 4 ,4 2 3
1 ,1 0 0 ,7 7 9 1 ,2 1 0 ,8 2 9
2 1 9 ,1 0 3
2 8 6 ,6 0 9
5 ,5 4 3 ,7 2 8 6 ,0 5 2 ,1 0 2 1 /2 6 8 ,8 1 7 1 ,2 9 5 ,0 2 4
9 ,6 9 6
7 ,1 9 8
9 1 ,6 6 0
6 7 ,3 45 P itts . L is. & W e st....A p r,
3 ,3 7 1
3 ,4 4 7
1,2 2 9 d e f.3 ,4 0 8
2 9 5 ,3 3 5
2 0 7 ,1 7 5
1 5 ,7 8 2
J a n . 1 to Apr, 3 0 ........
13,781
5,511 d o t.4 ,9 3 8
0 9 ,5 7 1
8 ,8 8 7 P ittsb u r g & W eaoern. Apr.
2 3 0 ,7 7 9
2 5 3 ,6 5 9
6 9 ,6 3 5
9 3 ,8 3 8
7 7 4 ,7 5 6
1 9 4 ,9 3 3
8 2 9 ,3 1 5
2 4 1 ,6 0 4
1 3 ,5 6 4
16 ,5 61
3 1 ,8 9 0
4 5 ,4 3 6 P itts. Y ou n gs. & A ...M a y
1 3 3 ,8 5 5
1 6 0 ,8 0 2
6 2 ,0 0 5
6 6 ,1 7 9
4 1 7 ,6 1 6
J a n . 1 to M ay 3 1 ........
5 2 0 ,0 2 7
1 2 9 ,8 9 7
1 6 0 ,0 7 6
d ef. 180
def. 102
5 ,6 5 5
2 ,1 6 4 R ich. Fred. & P o t....A p r ,
6 6 ,8 7 6
0 5 ,3 3 0
2 1 ,5 2 4
1 9 ,3 9 6
2 2 9 ,6 9 1
2 3 7 .0 2 6
8 0 ,0 9 0
9 4 ,8 1 3
7 7 ,8 7 9
1 2 1 ,2 4 9
5 3 8 ,1 0 4
5 8 9 ,7 1 2
1 9 1 ,4 5 4
2 1 4 ,0 1 5
4 3 1 ,0 6 4
4 9 6 ,2 6 4
R ich, & P e te r sb u r g .-A p r.
1 4 ,5 0 9
3 1 ,2 0 5
In o . 3 5 ,5 6 0
7 ,8 5 0
3 7 ,0 5 3
3 2 ,5 2 2
1 1 4 ,4 7 9
In o . 1 3 0 ,3 8 6
2 9 0 ,4 2 6
7 9 ,5 6 0
In o . 3 0 ,5 9 1
8 7 ,4 0 2
rne. 62,8 4 3
B io G r’n d e S o u th ..b .. Apr.
2 9 ,3 9 2
3 5 ,0 4 2
1 1 ,479
1 1 ,4 1 6
Ino. 2 2 4 ,3 6 1
1 0 7 ,1 9 0
1 3 9 ,3 1 7
3 8 ,3 3 5
5 8 ,2 8 9
Ino. 2 7 3 ,5 3 8
4 0 8 ,3 9 2
3 3 5 ,8 7 0
1 4 5 ,2 9 4
2 0 8 ,5 9 8
9 ,0 2 3
7 ,4 7 8 Rio G rande W e a t.b ..A p r .
1 9 9 ,6 7 8
19 9 ,2 3 9
7 1 ,9 9 0
7 8 ,3 4 3
1 7 ,9 4 0
2 7 ,0 51
7 1 7 ,0 2 3
0 9 1 ,6 6 3
2 2 6 ,7 3 5
2 3 2 ,3 8 3
2 ,0 1 1 ,5 2 9 2 ,0 4 0 ,6 8 3
3,0 51
5 ,0 7 9
0 0 7 ,1 7 4
8 0 6 ,9 9 0
3 1 ,2 0 7
2 8 ,6 7 8 8 t. J o s. Ss O d . I s l . b .. A pr.
7 0 ,0 9 0
1 6 ,4 5 4
5 3 ,2 4 5
1 3 ,8 3 6
4 2 4 .8 2 0
1 4 1 ,3 7 9
Jan . 1 to A pr. 3 0 . . . . .
3 9 6 ,9 7 2
3 3 6 ,2 8 1
1 9 7 ,3 2 6
3 8 ,9 6 0
1 ,9 03,801 2 ,0 5 5 ,6 2 9 S t. L ou is * San Pr . . Apr.
4 7 8 .2 0 0
4 1 8 ,4 2 4
168,039
1 4 8 ,7 9 0
5 ,4 9 5 ,0 5 4 5 ,9 4 0 ,0 7 0
7 0 6 ,9 4 9
J a n . 1 to A pr. 3 0 ........ 1 ,8 9 2 .5 3 3 1 ,9 3 9 ,7 6 5
7 3 0 ,9 7 6
d ef.2 ,0 9 3 d e f.1 ,8 3 7
5 ,0 1 3 ,1 7 0 5 ,1 3 3 ,1 6 4 2 ,1 7 8 ,3 4 5 2 ,0 9 4 ,6 9 6
d ef.1 ,3 7 2 d ef.3 ,0 3 ? S »n A n t. & A ran. F .. Apr.
2 0 7 .1 4 9
1 5 3 ,9 4 9
5 4 ,4 7 0
3 3 ,3 1 1
d e f.8 ,4 4 6 d ef.4 ,4 91
5 5 1 ,6 1 9
J a n . 1 to Apr. 3 0 ........
6 3 2 ,3 9 5
1 1 5 ,2 3 1
1 2 0 ,0 5 2
1,5 6 3
6 5 0 ,4 2 7
6,1 88
J u ly 1 to A pr. 3 0 , . , . . 1 ,9 3 1 ,5 9 8 1 ,6 3 9 ,3 1 8
5 0 9 ,2 8 8
7 ,3 7 1
19.711 Ban Fr. & N . P a o ........M ay
6 8 ,9 4 1
2 4 ,4 4 4
2 4 ,4 3 7
6 9 ,098
8 ,5 9 0
2 ,2 8 4
2 6 3 ,5 3 6
2 7 1 ,3 7 4
5 3 ,0 2 5
4 2 ,8 5 0
7 0 ,9 4 2
6 6 6 ,0 0 2
2 0 9 ,0 0 1
2 0 3 ,0 1 0
6 5 ,4 93
7 2 0 ,1 0 9
2 9 2 ,9 6 0
2 7 7 ,7 5 7 S a y . F la . & W e a t.b .-A p r,
0 7 ,9 8 3
2 8 6 ,0 6 2
2 5 7 ,9 3 7
5 8 ,3 6 8
4 2 2 ,7 1 0
2 7 3 ,2 4 9
Jan . 1 to Apr. 3 0 ........ 1 ,1 3 0 ,0 7 8 1 ,1 5 3 ,8 4 3
2 7 6 ,3 4 3
2 9 7 ,9 1 3
1 ,5 3 4 ,1 3 3 1 ,1 3 9 ,9 6 2
7 2 1 ,4 0 3
7 2 1 ,0 4 2
J u ly 1 to Apr. 3 0 ........ 2 ,7 8 2 ,0 8 4 2 ,8 2 2 ,9 0 3
7 9 ,1 7 3
8 9 .7 1 2 Seaboard A ir-L in e....A p r.
7 3 ,2 5 9
5 9 ,1 5 2
303,328
2 7 0 ,8 1 6
4 0 5 ,6 6 1
9 7 8 ,2 7 2
3 4 9 ,1 5 5
J u ly 1 to A pr. 3 0 ........ 3 ,3 3 2 .1 8 9 3 ,1 2 7 ,7 0 8
9 4 5 ,4 7 6
0 2 3 4 ,8 2 3
0 1 0 9 ,8 9 9 S lly e r g p . O oala & G ..A pr,
1 5 ,5 8 0
1 6 ,058
2 3 ,3 0 5
2 3 ,5 1 8
0 9 0 7 ,0 4 7 0 7 2 3 ,7 4 3
3 4 ,6 3 8
4 1 ,7 6 1
6 4 ,0 1 0
71.7L1
Jan . 1 to Apr, 3 0 ........
6 9 ,2 7 9
1 4 6 ,2 7 0
7 0 ,1 7 0
J u ly 1 to A pr. 3 0 ........
141,861
3 1 ,6 2 6
3 1 ,8 64
1 2 4 ,1 4 3
1 4 8 ,647 South H a v e n & E a st. Apr,
d e f.3 9 4
1,557
1,802
d e f.3 9 7
2 7 8 ,9 3 0
3 3 8 ,4 89
5 ,1 8 2 del. 1,348 d e f.2,292
6,7 0 6
J a n . 1 to Apr. 3 0 . . . , .
ton
a-toto
00r-‘<l

m e

J uke 19, 1S97.

THE CHRONICLE,
— Gross E a r n in g 8.-----5 ------ N et E a r n in g s .------1897.
1896.
18 9 7 .
1896.
$
$
$
9

R oads
Southern PacW o—
Gal. H. A 3. Ant. b. Mar.
3 7 4 ,1 6 ?
3 9 3 ,5 1 9
7 5 ,0 1 0
J a n . 1 to Mar. 3 1 ........ 1 ,0 9 9 ,9 9 9 1 ,2 5 1,9 5 2
2 5 2 ,1 5 5
8 9 ,3 10
L ou isian a W est. b..M ar.
7 7 ,4 0 1
3 7 ,1 0 0
Jan. 1 to Mar. 3 1 ____
2 6 2 ,6 2 7
2 5 0 ,2 2 9
1 1 8 .9 1 0
M’g a n ’sLa.tfe Tex. b . Mar.
4 1 7 ,7 2 2
3 9 5 ,6 7 2
1 3 8 ,2 3 6
Jan. 1 to Mar. 3 1 ........ 1 ,3 0 5 ,9 2 3 1 ,3 1 0 ,2 3 6
3 9 2 ,2 4 2
N .Y .T e x . & M ..b . Mar.
1 9 ,8 3 1
1 3 ,1 7 4
5 ,7 8 7
Jan. 1 to Mar. 31. . . .
6 3 ,8 0 3
4 2 ,5 4 6
23,111
T ex a s & N. 0 ..b ..,M a r .
1 3 9 ,4 1 3
1 0 7 ,5 5 1
5 0 ,9 8 1
Jan. 1 to Mar. 3 1 ........
3 8 9 ,4 2 6
3 3 5 ,9 5 2
1 3 8 ,3 7 7
A tla n tic S y s te m . b. Mar. 1 ,0 7 9 ,1 7 8
9 9 8 .9 6 2
3 0 7 ,1 5 1
Jan. 1 to Mar. 3 1 ........ 3 ,1 5 9 ,6 2 8 3 ,2 2 9 ,5 2 6
9 1 9 ,9 5 9
P a cific S y ste m b ..M ar. 2 ,5 6 4 ,4 8 9 2 ,5 0 3 ,4 2 0
8 7 9 ,1 4 4
Ja n . 1 to Mar. 3 1 ........ 7 ,0 0 6 ,5 7 1 7 ,3 5 1 ,2 9 0 2 ,1 4 8 ,7 9 3
T otal o f a l l . b . i ___Apr. 3 ,8 4 5 .6 7 4 3 ,7 2 0 ,0 4 9 1 ,1 9 9 ,9 3 6
J a n . 1 to Apr. 3 0 ........ 1 4 ,5 6 1 ,6 L9 1 4 ,7 8 9 ,3 9 9 4 ,3 3 9 ,8 2 1
J u ly 1 to A pr. 3 0 ........ 4 1 ,2 9 0 ,3 1 8 4 2 ,4 8 0 ,0 7 6 1 4 ,8 8 5 ,4 2 6
So. Pac. o f C a l.b ..M a r .
7 8 9 ,3 1 1
8 3 1 ,5 9 7
2 9 7 ,5 5 1
Jan . 1 to Mar. 3 1 ........ 2 ,1 7 1 ,3 0 3 2 ,4 6 0 ,7 3 8
7 3 2 ,2 1 5
8o P a c .o f A riz’a .b .Mar.
2 2 9 ,0 2 0
2 0 4 ,3 2 7
7 8 ,0 7 3
Ja n . 1 to Mar. 3 1 ........
6 4 4 ,1 0 4
6 4 2 ,3 2 1
1 8 8 ,3 1 3
B o.Pac. of N M .b ..M ar.
1 2 6 ,1 7 1
9 9 ,8 2 3
6 0 ,6 5 7
Ian. 1 to Mar. 3 1 ____
3 3 2 ,5 0 6
3 0 9 ,7 8 6
1 6 0 ,6 5 7
N orthern R ail’v,b ..M a r.
1 5 4 ,6 1 3
1 5 3 ,8 4 4
3 2 ,7 9 4
J a n . 1 to Mar. 3 1 ........
4 5 0 .5 8 6
4 6 4 ,3 9 1
8 8 ,8 1 0
Sou thern R ail w ay. a .. A pr. 1 ,4 8 9 ,8 1 3 1 ,4 0 3 ,1 9 8
3 8 9 ,8 2 5
Jan. 1 to Apr. 30. . . . 6 ,3 3 3 ,4 6 2 6 ,1 0 0 ,8 0 3 1 ,9 2 8 ,0 20
J u ly 1 to Apr. 3 0 ........ 1 6 ,1 7 2 ,0 4 7 1 6 ,5 1 8 ,9 6 6 5 ,2 2 7 ,3 7 4
Spokane F alls& N o.a.A p r.
5 4 ,1 6 8
2 9 ,8 9 6
1 8 ,7 6 7
J a n . 1 to Apr. 3 0 ........
2 0 1 .3 7 5
1 1 0 .9 6 4
1 1 2 .2 0 5
J u ly 1 to A pr. 3 0 ........
4 5 3 ,3 3 4
2 7 8 ,9 5 9
2 5 9 ,6 9 8
S to n y Cl. & C. M .. b ..A p r .
1,403
1 ,6 0 2
d ef. 148
Jan . 1 to Apr. 3 0 ........
4 ,0 0 5
4 ,8 >2 def. 1,434
J u ly 1 to A pr. 3 0 ........
3 2 ,5 6 9
3 5 .3 9 8
13,1 3 1
S u m m it B ranch e ...A p r .
6 1 .8 3 7
8 3 ,6 9 3 d e f.9 ,1 9 0
Ja n . 1 to A pr. 3 0 . . . .
2 6 7 ,5 4 3
3 2 5 ,5 3 3 d ef. .1 ,7 8 5
L ykens Val C o a l.e. Apr.
5 7 ,4 6 5
7 7 .3 9 0 d e f.4 ,2 1 9
Jan . 1 to Apr. 3 0 ........
2 6 3 ,6 0 0
3 0 3 ,7 4 6
1 4 ,4 4 1
T otal both Co’a .e ... Apr.
1 1 9 ,3 0 2
1 6 0 ,0 8 3 d ef. 13,409
Jan . 1 to Apr. 3 0 ........
5 3 1 ,1 4 3
6 2 9 ,2 7 9
2 ,6 5 6
T ex a s C entral............. Mar.
1 5 ,9 6 9
1 8 ,2 6 2
285
Jan. 1 to Mar. 3 1 ........
5 3 ,9 2 5
6 0 ,8 5 1
4,7 5 2
T oledo& O hlo Cent. b. Apr.
1 3 8 ,4 1 4
1 5 9 ,9 3 7
3 9 ,7 6 7
Jan. 1 to Apr. 3 0 ........
5 3 1 ,5 6 0
5 9 7 ,1 5 4
1 5 5 ,6 4 4
J u ly 1 to A pr. 3 0 ........ 1 ,4 5 6 ,4 4 9 1 ,6 6 8 ,9 1 5
3 8 7 ,0 2 2
ToL P eo ria <fc W est. b . M ay
7 4 ,0 6 2
7 6 ,4 0 0
2 4 .0 7 3
Jan . 1 to M ay 3 1 ........
3 4 9 ,5 7 0
4 0 0 ,6 8 0
9 3 ,9 4 0
Ju ly 1 to M ay 3 1 ........
8 1 7 ,7 6 3
9 3 1 ,9 4 0
2 1 0 ,7 9 6
U n ion P a c if ic U nion P ac. R y ........ Apr. 1 ,1 0 5 ,4 7 9
9 3 8 ,3 5 8
3 4 8 .0 7 3
Jan . 1 to Apr. 3 0 ... 4 ,2 2 3 .5 3 1 3 ,9 2 3 ,0 8 1 1 ,4 2 9 ,9 0 1
Cent. B ra n ch ...........A pr.
3 9 ,3 3 3
3 5 ,3 3 6
1 2 ,6 2 6
Jan . 1 to Apr. 3 0 ...
1 8 5 ,941
1 3 1 ,8 9 2
8 5 ,3 0 4
Atch. C. & Pac. /
.
3 2 ,4 6 7
2 4 ,6 4 9 d e f.2 ,2 1 4
A t.Jew .C . AW . \ - APrJan. 1 to Apr. 3 0 .-1 4 2 ,5 0 5
9 7 ,0 2 7
2 0 ,0 4 8
U n. P acific S y s .b i .A pr. 1,295 690 1 ,1 4 3 ,4 0 4
3 7 5 ,3 3 1
Jan. 1 to Apr. 3 0 ... 5 ,0 9 0 ,5 0 5 4 ,5 7 6 ,3 4 2 1 ,7 1 0 .1 8 7
U a. P . D .& G u lf b .Apr.
2 6 5 ,7 3 6
2 1 9 ,3 0 6
6 4 ,5 9 8
Jan. 1 to A pr. 3 0 ........ 1 ,0 1 8 ,3 7 8
9 2 1 ,4 5 5
3 0 9 ,0 4 7
W abash, b ..................... Apr.
8 7 8 ,2 5 4
9 7 9 ,1 0 6
2 6 1 ,0 4 6
Jan . 1 to Apr. 3 0 ........ 3 ,5 1 2 ,6 1 0 3 ,8 8 4 ,5 4 8 1 ,0 5 4 ,7 8 3
J u ly 1 to A pr. 3 0 ........ 9 ,6 4 6 ,6 6 8 1 0 ,8 6 2 ,4 4 0 2 ,9 5 5 ,5 2 2
1 6 ,3 0 2
Waco <fe N orth w ’n __ Apr.
1 7 ,3 1 7
6 ,8 3 0
J a n . 1 to Apr. 3 0 ........
7 0 .9 3 2
7 7 ,4 4 0
2 5 ,4 8 4
1 9 1 ,0 7 4
W. J e rse y & 8 ea sh ’e..A pr.
1 9 6 ,511
4 7 ,6 8 9
Jan . 1 to Apr. 3 0 ........
6 0 7 ,4 6 1
9 0 ,2 5 2
6 1 8 ,6 5 9
W est’n o f A la b a m a ..A p r.
45,571
3 8 ,3 3 9
1 4 ,9 4 8
2 1 0 ,9 5 5
1 7 9 ,3 6 0
J a n . 1 to Apr. 3 0 ........
8 6 ,3 7 7
J u ly 1 to Apr. 3 0 ........
5 4 6 ,3 3 6
5 0 1 ,9 1 7
2 2 8 ,8 7 2
2 9 ,0 6 8
9 7 ,6 0 7
1 0 2 .971
W est V a. Cent. A P. .M ar.
2 7 3 ,5 7 2
Ja n . 1 to Mar. 3 1 ........
2 5 9 ,7 9 4
8 0 ,3 0 3
J u ly 1 to Mar. 3 1 ........
8 4 7 ,0 7 4
8 9 0 ,5 2 6
2 7 8 ,1 1 9
3 3 ,0 5 3
2 9 ,4 1 4
1 5 ,3 9 7
W .V irginia & P ittsb..M ar.
8 3 ,3 9 5
8 5 ,1 5 6
3 6 ,5 5 8
Jan . 1 to Mar. 3 1 ........
2 9 3 ,7 6 2
1 4 5 ,1 5 5
J u ly 1 to Mar. 3 1 ........
2 8 2 ,5 3 1
W est.N . Y .& P en n . b.. Apr.
2 1 8 ,6 0 5
2 2 2 ,1 0 6
6 1 ,4 0 7
8 3 2 ,801
8 5 1 ,0 1 9
1 7 2 ,9 3 1
J a n . 1 to Apr. 3 0 ........
8 0 5 ,1 3 2
J u ly l to A pr. 3 0 ........ 2 ,5 0 3 ,9 3 9 2 ,6 7 1 ,5 3 5
W iscon sin C entral.b .A pr. 3 1 2 ,8 6 4
3 2 8 ,5 5 4
9 9 ,9 1 0
3 8 7 .2 3 6
J a n . 1 to A pr. 3 0 ........ 1 ,2 4 2 ,1 8 5 1 ,2 3 5 ,7 0 6
July 1 to Apr. 3 0 ........ 3 ,4 7 6 ,7 8 2 3 ,6 1 0 ,6 3 7 1 ,1 8 7 ,0 2 2
6 ,2 4 3 def. 1,244
5 ,3 8 9
W righ tsv. A T en n ...A p r.
2 7 ,7 3 7
3 3 ,9 5 2
8 ,2 1 3
Jan . 1 to Apr. 3 0 ........
7 5 ,9 3 2
8 1 ,4 1 7
3 2 ,4 9 1
J u ly 1 to Apr. 3 0 ........
6 ,2 1 2
6 ,1 5 5
2 ,5 9 9
Y ork S ou th e r n ........... Apr.

1177

J
L ouis A lton A Terre H iu t e in clu d ed in a ll periods, e x c e p t th a t
for th e three m o ith s fro u J u ly 1 to S ep tem b er 3 J t i n t road’s r esu lts
are n o t in clu d ed for 1895.
an<?Au u st ai8 9 5 * a y Florili5' <fe N o r tlia m are in c lu d e d o n ly fo r J u ly
U I n c lu d in g in c o m e fro m fe r r ie s. A c.

1 0 9 ,2 3 4
3 9 0 .2 8 3
2 9 ,3 7 9
1 0 4 ,0 3 7
Miscellaneous Companies.
6 9 ,6 0 3
—Gross E a r n in g s .—
■Net E a rn in g s.3 2 7 ,6 3 4
1897.
1896.
18 9 7 .
1896.
2 ,6 4 3
$
$
$
8 ,7 9 3 Ed. El. 111. Co., B k lyn .M ay
6 6 ,0 8 3
6 1 ,473
2 7 ,7 9 4
25,152Jan . 1 to M ay 31. . . .
3 5 9 ,3 6 3
3 3 6 ,4 5 9
1 67,291
1 4 9 ,8 4 8
3 1 ,7 7 2
1 0 3 ,9 2 2 E dison El. Il.C o.,N .Y , May
1 8 8 ,7 9 9
1 6 9 ,1 6 7
8 2 ,6 9 5
67,752;
Ja n . I to May 3 1 . . . . . 1 ,0 5 5 ,9 0 6
9 4 6 ,S37
5 9 8 ,5 1 0
4 2 7 ,1 2 1
2 1 3 .9 9 6
........
9 3 8 66 9 E disonE l.Il.C o.St.L ..M ar.
2 3 ,8 9 9
2 1 ,9 6 1
..............
Jan . 1 to Mar. 3 1 ........
8 7 ,9 8 2
1 0 3 ,3 3 5
7 7 4 ,8 3 6
2 ,2 7 9 ,2 8 3 Grand R ap. G as U C o.M ay
8 ,4 7 2
7 ,1 0 7
Ja
n
.
1
to
M
ay
3
1
........
........
........
5 4 ,5 0 2
5 0 ,4 9 3
9 8 9 ,9 6 5
4 .2 5 0 .7 9 5 L acled e Gas-L. (Jo__ M ay
5 9 ,0 3 6
4 8 ,6 4 6
..............
..............
J a n . 1 to M ay 3 1 ........
1 4 ,9 6 2 ,7 7 8
3 4 9 ,0 3 6
3 1 5 ,1 1 2
2 6 5 .3 9 1 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
Mar. 1 1 ) Apr. 30. . . .
8 3 2 ,9 1 4
2 0 ,8 1 0
2 0 ,5 6 0
7 ,9 3 9
5 ,3 8 7
0 6 ,2 7 6 Oregon Im p. C o .a ....A p r .
2 8 1 ,3 6 7
2 8 1 ,5 0 2
4 0 ,0 5 0
2 7 ,8 0 5
Jan . 1 to Apr. 3 0 ........
2 1 7 ,9 9 3
9 8 7 ,0 8 9 1 ,0 3 0 ,8 5 6
9 1 ,4 6 8
5 0 ,9 0 6
D eo. 1 to Apr. 3 0 ........ 1 ,2 1 4 ,0 3 5 1 ,2 7 1 ,1 8 4
1 3 2 ,2 1 5
4 6 ,3 9 8
3 4 ,7 1 3
1 1 9 ,4 5 5 Pacific M ail..............M a r .
4 1 3 ,8 9 1
3 5 1 ,9 5 7
117,549
7 5 ,9 0 3
Jan
.
1
to
Mar.
3
L
.
.
.
1
,1
3
3
,7
7
9
9
9
9
,3
2
7
2
4
7
,5
7
L
1 7 5 ,2 3 6
4 5 ,0 2 1
M ay 1 to Mar. 31. . . . 3 ,7 6 4 ,6 0 3 3 ,8 9 2 ,1 4 7
76 7 ,1 4 1
8 0 5 ,1 5 7
1 3 7 ,9 8 5
3 7 ,1 1 4
5 4 ,1 6 8
3 1 9 ,0 0 9 Tenn. Coal I. <s R R ... Apr.
Jan
.
I
to
Apr.
3
0
........
1
9
4
,6
3
2
3 0 3 ,0 3 4
1 ,6 5 9 ,2 9 8
5 ,1 9 0 ,7 9 3 W estern G as Co.—
M ilw aukee Gas-L.Co..M a y ...... — .
3 2 ,6 4 3
2 7 ,2 1 4
1 2 ,5 8 3
..............
Jan. 1 to M ay 3 1 . . . . .
2 0 0 ,6 7 2
1 7 6 ,8 1 3
6 1 .3 3 4
1 6 6 ,9 8 3
Interest Charges and Snrplns.—The following roads, in
d e f.2 29
d e f.3 ,7 3 0 addition to their gross and net earnings given in the foregoing,
1 1 ,4 6 6 also report charges for interest, &c., with the surplus or deficit
d e f.2 4 ,4 3 3
above or below those charges.
def. 3 3,451
—I n te r ’t, r e n ta ls , d e .— -B o*, o f Net Name.—,
263
1897.
1896.
1897.
1896.
2 6 ,2 9 1
R oads.
$
12,668
def. 2 4 ,1 7 0 Buffalo & Su squ eh’a . Apr.
1 2 ,9 8 7
1 3 ,8 9 6
d e f.6 3 2
J u ly 1 to Apr. 3 0 ........
12 7 ,1 2 8
d e f.6 ,1 6 0
1 2 0 ,9 2 4
1 2 0 ,7 1 8
5 8 ,0 2 5
8 9 0 ,0 0 0
2,748 Ohio. B u r l.* Q utnoy.A pr.
8 8 1 ,1 0 7
6 ,9 5 6 d f.1 0 1 ,9 3 3
Ja n . 1 to Apr. 3 0 ........ 3 ,5 6 0 ,0 0 0 3 ,5 2 4 ,4 2 3
1 1 ,019
9 2 8 ,6 7 2
3 6 ,2 7 7
3 3 ,9 0 8
5 8 ,6 4 2 O lio. & W. Mioh......... Apr.
3 3 ,6 7 2 d e f.1 ,3 9 7 d e f.8 ,6 0 1
J a n . 1 to A pr. 3 0 ........
1 3 7 ,8 1 0
1 9 ^ ,4 64
1 3 5 ,2 5 5 d e f.4 0 ,7 2 8 d e f.6 0 ,4 7 3
5 5 1 ,6 1 6 Choc. Okl. & G ulf.......Apr.
1 9 ,0 0 0
.............. d e f.2 ,9 4 8
..............
N o v . 1 to Apr. 3 0 ........
1 1 4 .0 0 0
1 8 ,5 5 8
..............
6 1 ,9 5 0
..............
1 0 3 ,5 3 2 Olev. Cln. Oh. & 8 t. L.. Apr.
2 3 7 ,7 6 5
2 3 0 ,7 4 1
5,6 4 1
1 0 ,8 6 5
2 4 2 ,6 8 2
J u ly 1 to Apr. 30. . . . 2 ,3 8 3 ,3 2 3 2 ,3 6 3 ,0 2 4
3 8 1 ,2 7 7
5 5 7 ,9 9 0
P o o n a * E a ste r n ... Apr.
3 6 ,8 0 2
3 6 ,8 0 2 d e f.3 1 ,7 3 3 d 0 f .1 5 .l5 3
3 4 1 ,5 4 1
J u ly 1 to A p r 3 0 ........
36 3 ,0 1 7
3 6 8 ,0 1 7 d e f.7 8 ,4 6 3
3 2 ,2 2 7
1 ,2 7 0 ,5 0 8
D enver & B io Gr’de..A pr.
2 0 0 ,8 4 8
2 0 0 ,9 8 3
5 1 ,6 2 4
2 4 ,2 4 9
1 5 ,5 >1
J u ly 1 to A pr. 3 0 ____ 1 ,9 6 3 ,3 9 8 1 ,9 8 1 ,2 5 2
3 9 4 ,9 0 0
7 4 5 ,9 1 3
5 4 ,6 9 7
D et. Gd. Rap.A W est. Apr.
1 5 ,841
1 6 ,251
1 3 ,1 7 7
82 6
def. 4,9 29
Jan. 1 to Apr. 3 0 ........
6 3 .4 4 3
1 1 ,182
F
lin
t
*
Pore
M
arq
...
Apr.
5
3
.5
7
6
5
1
,3
7
6
d e f.1 1 ,1 7 5
1,6 2 6
322
Jan . 1 to Apr. 3 0 ........
2 1 2 ,8 1 0
3 ,0 2 4
2 0 4 ,5 0 8
21,022
3 7 1 .0 3 1
1 0 ,1 8 0
1 ,4 2 0 ,4 2 6 K anaw ha <fc Miob___Apr.
*def.815
1 0 ,0 3 0
*1.730
J u ly 1 to A or. 3 0 . . . . .
10 2 ,1 7 2 *d ef.7,966
1 0 2 ,4 9 6
* d ef.6 1 3
3 1 ,7 64
11 1 ,5 5 6
Kan. O. F t. 8. & M .,.A p r .
1 6 4 ,1 9 8
1 1 4 ,1 9 8 d e f.1 8 ,1 9 7 d e f.8 ,7 5 9
J
u
ly
1
to
A
pr.
3
0
____
1
,1
6
3
,3
4
6
1
,1
5
2
,9
2
3
7
3
,6
6
5
4 1 ,4 9 5
2 1 3 ,8 8 5
1 6 ,5 0 6
1 6 ,5 0 7 d e f.6 .8 1 0 d e f.9 ,3 0 9
1 ,0 2 5 ,4 4 4 Kan. G. Mem. * B lr..A p r.
1
4
2
,2
6
1
J
u
ly
1
to
Apr.
3
0
........
1
5
7
,7
9
9
1 3 7 ,5 3 6
3 ,1 5 3 .0 1 0
6 4 ,9 1 4
5 9 ,2 6 4
5 7 ,8 9 7
6,5 73 L. E rie & W est’n.. ..A p r .
3 5 ,5 4 9
6 3 ,3 5 2
J a n . 1 to Apr. 3 0 ........
23 8 ,4 1 8
2 3 1 ,7 3 7
1 9 5 .6 4 6
3 2 ,7 2 8
2 6 4 ,5 2 7
1 24,672
1 2 6 ,4 7 1
1,2 9 8
4 0 ,3 7 7
3 9 ,9 8 2 N ash v. C hat. & 8 t.L .M a y
J n ly 1 to M ay 3 1 ........ 1 ,3 8 2 ,1 5 1 1 ,3 7 4 ,1 0 4
3 1 9 ,3 9 8
5 1 ,8 5 5
4 0 6 ,6 1 5
3 0 8 .1 9 6 d f.4 5 ,8 2 5 d e f 2 1 ,5 8 7
P itts. O. C. & St. L . . .M ay
2 9 4 ,9 2 8
1 0 ,5 55
Jan. 1 to M ay 3 1 ........ 1 ,3 8 5 ,1 0 2 1 ,4 0 4 ,9 4 8 d f.1 1 6 ,2 8 5 d f.1 0 9 ,9 2 4
5 4 .9 9 3
1 8 6 ,8 5 5
Bio G rande S o u th ....A p r .
1 4 ,0 8 2
14,223 d e f.2 ,6 0 3 d e f.2 ,8 0 7
1 4 2 ,2 2 7
4 ,4 7 2
J u ly 1 to A pr. 30. . . .
11 0 ,8 2 2
3 4 ,3 73
6--------6 .3 7 1
8 8 ,9 3 2 San F ran. & No. Pao..M ay
1 9 ,104
1 9 ,2 1 2
5,3 1 0
5 ,2 2 5
3 0 8 .1 5 8
J u ly 1 to M ay 3 1 ........
2 1 0 ,1 4 5
2 1 1 ,3 3 1 d e f 1 ,0 8 4 d e f.8 ,3 2 4
1 5 ,5 9 4 Tenn. Goal I. * R R .. Apr.
4 7 ,777
4 7 ,8 8 4 d e f.1 0 ,6 6 3
6 .2 8 2
4 5 ,0 1 0
J a n . 1 to A pr. 3 0 ........
1 9 1 ,5 3 6
3 ,5 5 4
1 9 1 ,1 0 8
1 1 7 ,4 9 8
1 7 0 ,4 2 6
3 8 ,5 9 2
‘ 2 05
T oledo & O. C en t........ A pr.
3 9 ,7 9 4
*20,306
8 3 .9 51
3 8 9 ,6 9 0
*9,671
J u ly 1 to Apr. 30. . ..
3 8 4 .9 7 6
*170,820
2 2 5 ,7 2 3
2
1
,9
0
1
1
,4
0
9
Toledo
Peo.
&
W
e
st..M
a
y
2
2
,6
7
3
d
e
f.3 ,3 4 5
7 4 8 ,5 6 5
J u ly 1 to M ay 3 1 ........
2 5 2 ,3 7 5
2 3 1 ,7 8 8 d e f.4 1 ,5 7 9
10.89&
8 7 ,8 1 2
3 4 7 ,1 6 8
1 A fter a llo w in g for o th er Inoom e reoelved .
1 ,2 1 8 ,2 9 3
1,043
STREET RAILWAYS AND TRACTION COMPANIES.
1 6 ,6 77
3 3 ,7 *j4
The following table shows the g r o s s earnings for the latest
1,7 98 period of all s t r e e t railways from which we are able to obtain

a N e t e arn in g s here g iv e n are a fter d ed u ctin g ta x e s ,
b N e t e arn in g s h ere g iv e n are before d e d u ctin g ta x e s ,
c D e d u c tin g o th er e x p e n d itu r es for r ep a irs,rep la cem en ts and gen eral
e x p e n s e s , n e t in co m e a p p lica b le to in te r e st on b on ds in A pril w as
$ 1 2 0 ,3 8 0 , a g a ia st $ 9 4 ,4 2 4 la st y ea r, and from Ja n u a ry 1 to A pril 30
$ 5 3 7 ,7 8 4 , a g a in st $ 4 1 7 ,4 3 8 . T h is is th e r e su lt in M exioan dollars
treated (accord ing to th e co m p a n y ’s m eth od o f k eep in g its a ccou n ts)
as e q u iv a len t to 8 0 c e n ts in U n ited S ta te s m on ey—th a t is, a ll depreoi
ation b eyon d 2 0 per c e n t h a s a lrea d y been a llo w ed for
d E x p e n ses for A pril, 1 8 9 7 , inolude $ 1 4 ,3 0 0 for flood dam ages,
e R e su lts o f co a l m in in g op era tio n s o n ly .
f A fter d ed u ctin g tax©* o f $ 8 ,2 5 0 , n e t ea rn in g s for A pril, 18 9 7 , w ere
$ 8 ,2 o 4 . In ls 9 d ta x e s w ere n o s deducted u n til th e en d of th e y ear.
g A fter a llo w in g for oth er inoom e r eceiv ed , n e t for A pril w a s $ 5 ,8 8 2 ,
aga in st $ $ 5 ,6 4 4 , and from J u ly 1 to A pril 3 0 w as $ 5 3 2 ,3 8 7 , a « a in st
$ 4 8 1 ,9 7 2 .
h In crea se in ex p e n ses du e la rg ely to floods in M arch an d A pril.
1 Inolu d es besides A tla n tic System th e H o u sto n A T exas C en tral,
A u stin A N orthw estern, C entral T ex a s A N orth w estern and F t. Wortb
A N ew O rleans.
1 In olu d es C hicago B a rlin g to n A N orthern for both y e a rs
t For A pril, 18 9 7 , ta x e s and ren ta ls am o u n ted to $ 1 4 5 ,7 4 2 , a g a in st
$ 1 6 2 ,3 8 7 , and from J u ly 1 to April 30, 1 8 9 7 , $ 1 ,5 7 1 ,3 3 3 . a g a in st
$ 1 ,6 1 6 ,1 8 2 . a fter d ed u ctin g w hioh n e t for A pril, 1 8 9 7 , w as $ 2 8 8 ,5 0 6 ,
a g a in st $ 3 9 5 ,9 3 4 , and from J u ly 1 to A pril 30, 1 8 9 7 , $ 5 ,3 1 9 ,1 1 1 ,
a g a in st $ 4 ,4 0 2 ,6 2 9 .
f Figures are g iv e n e x c lu siv e o f r esu lts o n O regon R a ilw a y A
N av ig a tio n , Oregon S h o rt Line A U tah N orth’n, St. J os. A Gr. Isla n d ,
U nion Pwiiflo D en v er A G ulf, F ort W orth A D en v er C ity, L ea v en w o rth
T opek \ S o u th w estern , M ontan a U n ion and K ansas C ity A Omaha.

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.
ST R E ET

RAILW A Y S A N D

TR AC TIO N

L a te s t Gross N a m in g s .
G koss
E a b n in g s .

W eek or Mo 18 9 7 .

Akron B ed f'd & Clev. A p r il..........
A m sterdam 8t. R y ... A p r il..........
A nderson E l. St. R y ..
B altim ore T ra ctio n ...
B ath St. R y. (M aine.)
B ay C ities C onsol—
B lngnam ton St. R y ...
B ridgeport T r«otion.
B rockton Con. b i. Ry.
Br’k lyn R ap.Tr. Co.—
B rooklyn H e ig h ts..
Br’klyri Qu’n s * Sub
T otal for s y ste m .

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

18 9 6 .

$
$
6,742
6.373
3,003
3,6 7 9
4,362
9,605
8,485
115,250 118,167
1,819
1,721
7,315
6,617
9,932
1 0 ,078
28,633 30,013
2 5 ,0 8 2 2 3 ,853

C O M PA N IE S.
J a n , 1 to L a te n t D ate,
18 9 7 .

1896.

$
2 3 ,419
1 4 ,059
2 1 ,1 8 9
32,103
4 8 6 ,5 0 2
7,013

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

120,195
9 4 ,627

119,839
8 5 ,532

M ay............ 417,442 4 2 8 ,4 3 6 1,79 9 ,1 4 0 1,791,774
M a y ............ 68,814 0 9 ,495 286,484 2 7 5 ,7 7 7
M a y ............ 4 86,256 4 9 7 ,9 3 1 2 ,0 8 5 ,6 2 4 2 ,0 6 7 ,5 5 1

THE CHRONICLE.

1178
r. k o v

I, Ucsl G roat E a r n in g s .

1 1897.

1896.

i£\519
C; *'-**r
. . March.
( it)* * ’.*•.■ iKattP.UiUI
lia
s , 306
r li#, aland R lr v ifie ... M ay....
C lm s
E .... A pril. . . . . . 1 5,662
43,470
Cittern im* tit, Rv <0.1 Mny
Oa&ry M an si a B’iyn. A p ril........ j 2X 091
Bans’. **** El. MgblA:
3,330
ihrrM Kjf. . . . . . . . . . . April
57,18,*
Jtetrer i s*i,. I : *inw April
JSwmrtt lSti*n*’3L Ry.;l*twk J'n« 20,961
: 32,788
tteteoti Eiro. R ) ....... A pril—
D u lU b !«l. K>...........
A p r il.......... 15,923
9,784
E m K i« > Muter Co.. April.........
14.559
ti »!>*•»!«*, City tty .. Murvh.
ilrrSDUn: tfnitewk 11
3,720
Sou a K kfoft KI.Ky March.
657
0 . .-<.*:ck B y .......... .. M a y ...
15,674
lion-ton ElSfC. SI. B y .: A pril..

1897.

1896.

58,169
20,099

#
4
823,076 335,154
38,340
38,693
7,977
8,302
640,079 654,932
V0.563
233 OS ■ 259,121
87,628
87,035

7,932
59,332
20,978
35,100
17,564
11.254
13,52s

31,833
214,321
435,557
131,933
58.490
38.234
44,17

33.3S7
222,118
415,150
136.405
65,707
43,872
30,845

3,607
930
10.086

10,644
2,6 s 9
57,907

10,415
3,176
59,437

s
BoBd'.u R > .................. M.1 r. )i.

Jaw . 1 to L a m s t l>att.

13,731
2.010
150,757

la ter* lai** {’c u r d oi

45.464
47,264
10,694 10,72!
S o n h AtUplinyo... M ay. ,.
2l),0H6
20,191
4,848
4,781
K it
c m Ry— . M ay.. 7,211
37.008
9,126
31,751
1.#Ui«:6 Traction.........‘April..
33,954
7,71-1
7,654
29.917
L»r*t»:: Si Ry. (Can.). May.,.
31,420 30.741 114,451 110.388
Uiw rll U » . A B a r ..iA p r il..
Mr*,roll.;Kali»;.r City t - a wk J*fie 137,486 39.370 762,52f 763.167
............
70,920
Xf.tr... w . StJo (Chlo.l A pril.......
. ...
5,427
5,478
21 297
21,582
MotsiieouH'ry St. Ry M a y ......
Momma! s u m R y... May......... i 16.339 114,263 508,415 486,323
K«»«iu Eire. iB'klyui M ay......... 173,225 173,814 649.446 368,420
Ncwbnricli Electric’. . . May
8.980
8,544
26,021
28,409
lifw England SL ~
Wttiolwator A v o ... Murcli—
14,895 14,388
42,681
42,076
6,0^6
2,142
PijIU'tll A KtOHBtOB M arch.__
6,040
2,062
48.777
48,116
M arch.... 1 17,037 16,4^0
T ote).............. .
3,051*
11,016
10,629
!»>« London 8t R y. April.......
2,917
J*(vr Orleans Traction May......... 113,477 123,504 541,153 565,971
North Shore Traction M ay......... 118,305 124,704 498,745 499,009
5,6s2
Ofdeakburg8t. R y .. M ay..........
1,548
1,918
5,708
26.184 25,810
94,932
Pateraon R y ... . . . . . A p r il.
95,235
2,716
5.435
i'ittch. Ft.Sul). Kl.Ry iApril
1,377
10,489
29,823
31,041
Po’kOMWle A Wapp. F May
7,781
8.454
22,164
SrlioylklU Traction.. March.......
21,083
6.695
6,931
», : iiylklli Val. Trao April.........
5.0^6
5,250
20,235
2,852
ScrautOB A Carbouil’e April.........
4,602
18,384
Borantoo A Wttston. . April
Bcrantun Hallway__ May.
28,961 30,763 134.358 132,503
Second Are, iPiurti.i May.......... 85,434 89,173 *294,550 ‘ 297,224
2,672
s yra-ru**- K'M-BhleKy April.
10,115
11,342
3,181
Syracuse Rap. Tr. Ry. April.
34,581 35,391 130,736 136,086
T erre H au te Ei'c. By. A pril
11,521 11,554
45,741
47,174
Third A re. sN . Y.t
March.......
567,117 584,541
T o : into R y . . .............. M ay..
82,462 83,015 380,123 380,708
153,811 161.070 603,183 619,5*6
Twin City Rap. Tran April.
Colon (S. Bedford),.. M ay..
18,159 19,966
82,797
82,376
0 Oiled Tract. fPmv.t April.
134,014 137,045 512,513 524,640
C all. Tr&c. (Reading) M ay...
65,734
18.203 19,480
69,698
WakeSeld A S to n e .... M ay..
19,435
4.881
5,585
19,208
Waterbury Traction.. May..
22,413 20,254
94,654
94,958
Wheeling R ailw ay.. April.
12,342 13,688
49,031
50,761
W Ofeeeb. A IV y. Valley April.
35,537 37.722 147,366 149.705
• tneUder results on North Side Traction Company, wliioh was leased
February, 18s>7 to the Second Avo. Traction Oo.
S tr e e t B a ilw a y S e t E a r n in g s .— l a t h e f o llo w in g w e s h o w
both th e g ross a m i th e n e t e a r n in g s to la te s t d a te s o f a ll S t r e e t
r a ilw a y s fro m w h ic h w e h a v e b een a b le to p ro cu re m o n t h ly
retu rn s. A s in th e c a se o f t h e s t e a m ro a d s, th e r e tu r n s o f t h e
d itferem m a d s a r e p u b lish ed b y u s e a c h w e e k as s o o a a s r e 
c e iv e d , an d o n c e a m o n th (on t h e th ir d or t h e fo u r th S a t u r 
day i.f th e m o n th ) w e b r in g a ll t h e ro a d s r e p o r tin g t o g e th e r ,
a s is d o n e to -d a y ,
-Gross A ura lit
Rood*.

*

Akron Bed, A Ciov. ..Apr.
J ikl 1 to Apr. 30.......

0.373
23,419
Amsterdam St, R y .. Apr.
3,603
Jan, 1 to Apr. 30.......
14,059
Andcraun Kiee (Mil,) May
4,362
Jan. 1 to May 31.......
21,189
Atlanta R ailw ay.__ May
8,435
Ian. 1 to May 31.......
32,103
Bat): «E Ry. .M alt.n.M ay
1,721
Jan. 1 to May 31.......
7,013
Bay Cities Coit.m .R y.M ay
6,847
in.-haraton
Ry..M ar.
10,078
l ln d s c i- n Trasjt'B-.MAy
28,633
T IM an, 1 to M .y 3 1 .....
120,195
B!..:»totiC«n.3t.Rv. Apr.
23,082
Jan. 1 to Apr, 30,.......
91,627
Chester IF*4 Tract...Mar.
13,31#
Jan. 1 to Mar. 3 1 , . . . .
38,310
city
(Roroo.Oa.i a.M ay
3,3*3
Jan. 1 to May 3 1 .,...
8,302
:. . . ■
;,r.
i
17
Jan 1 to Apr. 3 0..... .
500.779
~ r T , ie.,
A E __ A pr.
5,802
Jan. 1 6. Apr. 3 0 ,___
20,503
Oiamlrtie KM »<- R y.M sy
49,170
Ja n . 1 to May 31.......
233.037
Ite a v C m n .- L ; k“ i.R y,A pr,
8,330
J»<‘. 1 to Apr. TO,....
34,333

8

0,742
22,131
3,670
14,475

1897.
8

1,350
2,504
335
1,670

214,321
89.255
414,590
32,708
131,933
15.929
14,559
41,175

58.109
250,121
7,932
33,387
59,332
221,118
93.172
391.172
35.109
130,405
17.564
13,528
39,845

3.720
10,04*

3,667
10,415

2,017
5,272

9,805
33,410
1,819
7,280
7,315
9,932
30,013
119,839
23,843
85,533
13,731
38,633
2,010

7,977
131,509
004,175

- G r o s s B a n u n g s .—

B aade.

1897.
S

1806.
$

Inter-State C oned. Street
Ry. (No. Attleh ) . . . May
10.094
10,721
Jan. 1 to May 31 .......
•17,204
45,401
Lehigh T r u e tlo n ... .Apr.
7,211
9.126
Jan. 1 to Apr. 3 0 .......
31,751
37,008
July 1 to Apr. 30 .......
95.381
102.592
London St. R v.c'au .i. Mav
7,714
7,651
Jan. 1 to May 31.......
33,954
29,917
Lowell Lawr’oo A ll.. Apr.
31,420
30,711
Jau. 1 to Apr. 3 0 .___
114.451
110,388
Metrop’n 9t Ry.,K.C.Apr,
143.994
143,198
Jan. 1 to Apr. 3 0 .....
526.852
531,064
June 1 to Apr. 30. .. . 1,603,821 1,023,131
Matrop’n W.Side,Cblc. Apr.
70,920
Montgomery St. Ry.. May
.
5,427
Jan. 1 to May 31.......
21,582
21,297
Newborn Klee Ry. ..May
0,980
8,541
Jan. 1 to Mav 31.......
26,02
28.409
Ju ly 1 to May 31.......
75,326
87,246
New London St. iiy.. Apr.
3,050
2,917
Jan. 1 to Apr. 30.......
1 1 ,010
10.0 29
New Orleans T ract.. Apr.
109,217
103,991
Jan. 1 to Apr. 30.......
421,676
442,407
North Shore t raot’n Apr.
104,050
104,316
Paterson Railway. ...Apr.
25,310
26,184
Jan. 1 to Apr. 30.......
95,235
94,932
Pitts.Fr.ASuh.El.Ry. Apr.
2,716
1,377
Jan. 1 to Apr. 3.0.......
10,189
5,435
Tough. City AW. Falls. May
7,781
8,454
Jan . 1 to May 31.......
29.823
31,041
Schuylkill Traction.M ar.
6,695
6,931
Jan. 1 to Mar. 3 1 .......
21 088
22,161
Schuylkill Val. Trao. Apr.
4,300
4,287
J an. 1 to A pr. 30.......
15,139
Scranton R ailw ay.. May
28,961
30,763
Jan. 1 to May 3 1 .......
132,503
134,358
Ju ly 1 to May 31.......
325,983
301,035
2,852
Scranton & Carbon.. Apr.
8oranton A Pit'ston..Apr.
4,662
Jan. 1 to Apr. 30.......
18.381
July 1 to Apr. 30.......
54,448
Twin City Rapid Tr...4pr.
153,811
101,070
603,183
Jan. 1 to Apr. 30___
6 1 9 ,5 8 6
22.413
Waterbary Tract’ll. .May
20,254
Jan. 1 to May 31 .......
91,654
94,958
35,537
WUkesb.AWy.Vy.Tr.Apr.
37,722
147,366
Jau. 1 to Apr. 30 .......
149,705

--.Val Earnings.------

1807.

1896.

*

2,574
6,688
2,872
10,421
42,892
3,085
11,158
12,919
40,267
6 0 /4 7
211,936
686,656
30.872
2,547
9,918
3.202
8.473
31,270
461
1,018

37,181
143.547
38,515
11,415
38,409
1,702
6.652
3,923
11,175
(2,446
8,023
461
def.852
14,387
62,351
151,587
1.747
1.747
0,670
22,362
80,815
303,646
10,433
40,046
19,967
76,630

$

2,412
5,508
4,783
14,428
46,117
2,679
9,357
11,346
32,627
59,043
198,353
670,843
3,019
10,210

4,445
9,711
33,145
488
1,149
50,021
201,399
39,189
10,132
38,247
734
2,543
4,982
11,086
; 2,70.8
9,561
16,526
63,610
151,168

89,013
330.140
10,456
43,12 9
18,577
76,983

a Net earnings here given are after deducting taxes,
b N et oarniugs here given are before deducting taxes.
•M ethod of reporting exp en ses changed; each m onth now being
charged w ith Its full proportion of all expenses.
J N et earnings are after deducting taxes and (ire and aooldent in s u r 
ance.

Interest Charges and Surplus.— T h e f o llo w in g S t r e e t
r a ilw a y s , in a d d itio n to th e ir g r o ss a n d n e t ea rn in g .! g iv e n in
th e fo r e g o in g , a lso re p o r t c h a r g e s f o r in te r e s t, & e ., w itn th e
su r p lu s o r d e fic it a b o v e or b e lo w th o s e c h a r g e s .
r-InterU , rentals, die.-. —B al. o f Net E a rn s.-1897.
1897,
1890.
1896.
Roads.
S
*
S
*
1,250
1,250
1,936
A tlanta R’w a y ......... May
1,3 S9
18,796
17,877
Denver Con. Tramw. Apr.
5,995
5,795
74,070
14,691
Jan. 1 to Apr, 30.......
13,321
71,428
2,083
Schuvlkill Traotfnn.. Mar.
2,083
363
625
6.250
6,250
Jan. 1 to Mar, 31 ___
1,772
3.311
2,991
7,442
6,808
Waterbary Trao. O o.. May
3.648
15.511
16,280
26,849
Jan. 1 to May 31.......
24,535

1896.
$

1,984
304
1,602

2,201

10,4.98
2,019
7.041
214
1,471
2,391
3.042
12,753
41,537
8,316
24.673
*5,834
*11,171
783
1.G43
38,931
170,839
2,738
7,703
26,080
121,410
3,814
10,230
24,7.41
88,707
43,249
190,694
10,318
41,350
7,328
3,718
12,587

tXr.

to Apr. m , . . ,1
B m m tv m
4 an - 1. to Mmj U
fileNstftc By*. Apr.
4 m . t io Apr, 3 0 .....
Siftm l ttyv,..A pr,
-€ 3ty tty,«. Mav.
4 m . i S$ ImUmL 31*,**..
fl *fSdiiRMgr M-edm-wk «J*»
h V'rmM.. KJ, t i f , . Mar.
s m , t to Mm*

S e t B a n tin g s .-

1397.

i V oli, L>XIV

3,183
8,442
340
1,109
3,038
3,707
14.644
50,481
9,810
31,013
*4,930
‘ 12,787
657
1,880
40,785
160,928
32,131
128,380
4,210
23,072
84,749
39.594
154.873
10,330
38,685
8.701
3,705
10,472

ANNUAL

RE PO R TS .

A .a u n a l Reports.—T h e f o llo w in g is a n in d e x to a li a n n u a l
rep orts o f s te a m r a ilr o a d s, s tr e e t r a ilw a y s a n d m is c e lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lis h e d s in c e t h e la s t e d it io n s
o f t h e I n v e s t o r s ’ a n d S t r e e t R a il w a y S u p p l e m e n t s ,
This in d e x d o e s n o t in c lu d e r e p o r ts i n t o -d a y ’s C h r o n ic l e .
R a i l r o a d s a n d M i s o e l . C o ’s .

R a i l r o a d a n d M i s c e l . G o ’s

Volum e 6 4 —
Page.
American Bell Telephone. . . . . . . . . . 797
American T toaceo. ..................... 949
Burlington Cellar Rap. & No*.....- 947
Canada Soatherm---------.... . . . . . . . i«SS
Canadtu a Pad tic..............
7.V2
Central Pacific........................ 881 , 897
Chicago Burl. &Quincy....738, 753, 759
Chic. Rock Isl. A Pae,, .1069,1085,1090
Chicago St Western Indiana. ... ...1085
Chicago & North Western ........ .1083
Chicago & West Michigan.......... . 948
Chicago Edison Co . . . .......
998
Cincinnati & Muskingum Valley.-. 997
Cleveland A Marietta..................... 1080
Eieetrie Storage Battery.......... . 8 il
Erie Telegraph Sc Telop. 887, 900, 950
Clint & Pare Marquette......... ..... 790

V o lu m e 6 4 —
P age.
Keokuk & Western.,... ................. 1087
Lake Shore......................
885
Lamson Consol. Store Service,.... 1087
M ahon Srig. Coal R R.. . . . . . . . . . . . . . 885
Mexican Central...... ......837,839, 8-15
Michigan Central...
Monongahela lilver,
.".oio. I !
New England Teleg, & Telep------New York Chicago &■ St. Louis .. 880
Ohio R iv e r ............ .
997
Oregon Short Line H it ..— .............841
Pacific Mail Steamship.................. 1040
Peoria Decatur Sc Evansville........1089
Philadelphia Company (Gas)....... 909
Pd t. Cln. Chic. A St- L . .. . .775. 790, 801
St. Joseph Sc Grand Island .............. 841
Southern Pacific—
..............871, 889
Fori Worth & Denver C ity..... ...1130 Sunday Creek Coal... — . .. . . . . . . . . 797
General Electric Co.... ...........811, 8J8 Union Pacific..............
840
Georgia & Alabama ----------------. . . . . 918 j United
united states
States Rubber,.
H uh oe r,,. . . . . . . ------Grand Rapids & Indiana............... 1080 i Wilmington & Northern........919,

Allegheny Valley Bail way.
( R e p o r t f o r y e a r e n d i n g D e c e m b e r 3 1 , 1896.J

P r e sid e n t W , E , B a r n e s s a y s in part:;
G eneral.—%,Y<m? Board regrets to have to report a large decrease in
net earnings. The fallin g on in trafllc incident to the general depres
sion in all business interests aiieeted the volnm e of traffic seriously,
especially in coal, m inerals and raw products incident to m anufactur
ing industries. Also a relative reduction in passenger traffic resulted.”
Im provem ents .—“It was im perative during the year to rebuild two
important bridges and com plete the large bridge at Oil City com
menced in 1895; also to m ake necessary repairs and renew als to sta
tion properties and build additional side tracks. Most of these e x 
penditures were commenced early in the year, before the falling oil
1,937 l» traffic was realized, a u d it w as n ot possible to atop the work then
5,275 1 in progress.)

THE CHRONICLE.

J une 19, i«97 ]

"The to ta l o u tlla y for bridges, stru ctu res, e tc ., w a s $ 1 3 6 ,9 9 2 , of
w hiob $ 7 6 ,0 1 8 w a s ch a rg ed to e x p e n s e s an d $ 6 0 ,9 7 4 to c o n stru ctio n
aDd e q u ip m en t, o u t o f th e S p ecia l F und A ccount.
“T his a cco u n t is n o w clo sed , th e en tire fund h a v in g b e e n aDplied
un der th e term s of th e reo rg a n iza tio n a g r ee m e n t o f O ctober 1st, 1 8 9 1 .“
N ew R o a d .— O n D ecem b er 10 th e B ro o k v ille Ry. w a s com p leted ,
ru n n in g from a p o in t n ea r B rook ville S ta tio n , on th e L ow G rade D i
v isio n , up Red B ank C reek, n o rth th irteen m iles, to a va lu ab le and
e x te n s iv e lum ber tr a c t b e lo n g in g to H eidriok, .Matson & Co. I ts c a p i
ta l sto ck is $ 1 3 0 ,OoO, o f w h ic h $ 5 2 ,0 0 0 is issued; y o u r c o m p a n y ow n s
$ 3 2 ,0 0 0 and is r ep resen ted b y a m ajority in th e board o f directors.
F in a n c ia l.—Of the $ 4 ,0 0 0 ,0 0 0 fir^c m o rtg a g e 73 10 p er c e n t bonds of
th e riv er d iv isio n , due March 1, 18 9 6 , a ll b u t * 6 ,0 0 0 h a v e b een paid.
T he su b stitu tio n o f 4 p er c e n t gen era l m o rtg a g e bonds for th e se
73io per c en t bonds h a s d ecrea sed th e in t e r e s t ch a rg e on fu n d ed d e b t
$ 1 4 3 ,6 3 9 fo r th e 5 ear.
P re fe r re d sto ck for $ 2 5 2 ,5 0 0 w a s issu ed , o f w h ic h $ 2 4 4 ,5 5 0 to th e
P e n n sy lv a n ia R ailroad in p a y m en t for $ 3 4 ,0 5 0 cou p on s from th e first
m o rtg a g e 7 per c en t lo w grade d iv isio n bon ds and $ 2 1 0 ,5 0 0 cou p on s
from T he gen era l m o rtg a g e bon ds paid b y that com pany; $ 7 ,9 5 0 w as
issu ed in s e ttle m e n t for in c o m e b on ds o f th e old co m p a n y an d th e
co n v ersio n o f sto c k scrip.
G eneral m o rtg a g e 4 s fo r $ 1 0 0 ,0 0 0 w ere sold to p a y th e S ta te o f
P e n n sy lv a n ia for bond No. 23 for $ 1 0 o ,0 0 0 , due J a n u a ry 1, 1 8 9 7 , of
th e seco n d m o rtg a g e 4 per c e n t lo a n o f th e lo w grade div isio n .

Statistics.—Earnings, expenses, charges and balance sheet
have been as follows:
E a r n in g s —
1895-6.
P a s s e n g e r s ........................................... . $ 6 2 7 ,2 9 2
F r e ig h t.................................................... .. 1 ,6 1 8 .3 7 8
M ail, e x p r ess and m is c e lla n e o u s ..
9 5 ,9 4 2

1894-5.
$ 6 4 3 ,7 6 9
1 ,8 3 4 .2 8 0
9 1 .0 3 3

1 893 4.
$ 6 2 0 ,2 9 4
1,472 4 1 4
8 3 ,9 9 9

T o t a l ..................................................$ 2 ,3 4 1 ,6 1 2
E x p e n se s—
4 0 3 ,4 1 4
M a m te n a n ce o f w a y an d stru etr’s.
319,3-*2
"
“ e q u ip m e n t.............
C on d u ctin g tr a n sp o r ta tio n ...........
7 2 8 ,7 6 2
G e n e r a l............................................. .
5 7 ,5 3 6

$ 2 ,5 6 9 ,0 8 2

$ 2 ,1 7 6 ,7 0 7

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

3 39 0 66
2 W .0 4 3
6 6 5 ,4 6 0
5 5 .3 3 8

T o t a l................................................. $ 1 ,5 0 9 ,1 0 4
N e t e a r n in n g s ......................................... $ 8 3 2 ,5 0 8
INCOME ACCOUNT.
1895-6.
N o t e a rn in g s........................................... $ 8 3 2 ,5 0 8
D e d u c t—
T a x e s .............. ........................................ .
$ 5 5 ,0 7 0
9 * 8 ,° 4 6
In te r est on b o n d s.................................
6 ,8 7 9
M isc e lla n e o u s........................................

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

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

1894-5.
$ 9 9 9 ,4 2 7

1993-4.
$ 8 5 9 ,3 0 0

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

$ 6 0 ,0 4 0
£ 1 ,1 2 7 ,5 8 0

T o ta l....................................................$ 1 ,0 5 0 ,8 9 7
B alan ce, d e f ............................................ $ 2 1 8 ,3 3 9

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

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

GENERAL BALANCE SHEET DECEMBER 3 1 , 1896.
Or.
Dr.
$ f l,2 6 8 ,7 1 0 C apital s to c k ................. $ 2 7 ,2 6 6 ,4 0 0
C o s t o f r o a d .............
C o s to f e q u ip m e n t
1 ,7 4 4 ,5 3 1 B onded d e b t................... 16, 8 U»,ooo
2 7 ,1 9 8
1 8 8 ,0 1 3 U npaid ln t.a n d c o u p ’s
C ash on h a n d .........
1 3 5 ,8 5 2 In terest accru ed , b u t
M aterial on h a n d ..
n o t due - .....................
2 7 9 ,3 4 5
D u e by railroad com 
P ay-rolls and vo u ch ers
p a n y ’s a g en ts, in d i
(D ecem b er).................
1 41,611
vid u a ls. A o ..................
1 5 9 ,5 7 0
P r o f i t a n d l o s s ..................
1 , 0 5 1 , 3 2 0 D u e railroad c o m p a n y ’s ag en ts, A o ...
1 7 ,775
M iscella n eo u s................
5 ,7 6 5
T o ta l..............................$ 4 4 ,5 4 7 ,9 9 8
V. 62 , p. 777.J

T o ta l.......................... ... $ 4 4 ,5 4 7 ,9 9 3

Consolidated Ice Company.
( Report for the year ending Dee. 31. 1896.)
This company was organized in May, 1895, under a Maine
charter.
President C. W. Morse, in his report for the late year, says
in part:

1 179

and 6 fo r 25 cen ts. A n in ju n c tio n a g a in st th e en fo r c em en t of th e
ordinan ce w a s ob tain ed , and it is e x p e c te d th a t th e c a se w ill be
b rou gh t to a final h earin g before th e oourt du rin g th e com in g w in 
ter. C ounsel are con fid en t of su c ce ss, and if th e p r in c ip les c o n ten d ed
for are firm ly e sta b lish e d th e r esu lt w ill be o f m a n ife st p erm an en t ad 
v a n ta g e to th e com pan y.
P ro p erties P u r c h a s e d — I n F ebruary la s t th e purohase o f th e Pab st
Jieht, h e a t an d pow er p la n t, and of th e p rop erty of th e M ilw aukee &
W auw atosa E le ctric R ailw a y , o w n in g an e le ctric railw a y , ru n n in g
from th e c ity to th e im p ortan t suburb * f W auw atosa, and an ele ctric
lig h tin g p la n t th ere, w a s con su m m ated th rou gh th^ m ediu m of th e
M ilw aukee, L ight, H eat & T raction C om pany, organized fo r th e pur
pose. T he e n tire cap ital stock of th is c o m p a n y w a s acquired b y The
M ilw aukee E lectric R a ilw a y & L ig h t C om pany, w h ich n ow o w n s all
the ele ctric str ee t ra ilw a y s in th e city o f M ilw aukee and its im m ed iate
suburbs, an d all th e c en tr a l sta tio n lig h tin g p la n ts in th e c ity and in
th e v illa g e of W auw atosa.
M ilw a u k e e E lec tric R tf. a n d L ig h t Co.—T he fisca l y ea r o f th is com 
p an y ends D ec. 31. T he str ik e and b oycott, w ith th eir in cid en ta l
e x p e n se s and lo ss of earn in gs, m ak e it im p ossib le to draw accu rate
c on clu sion s from the bu sin ess of th e com p au y, b u t th e se d istu rb in g
influ en ces h i d lo-»t th eir effect before th e b e g ia n in g o f th e p r e se n t
fiscal and calen d ar yea r, and th e o p e r a tio n s o f th e first fiv e m on ths of
th is s e a r afford a reliab le basis for e s t im a te s o f th e earn in g c a p a city
o f th e property. The gross e arn in gs from J a n u a ry 1. 1896, to M ay 1,
189b (the tim e of th e strike) w e re th e la r g e st in its h isto r y to th at
d ate, a m ou n tin g fo r i he fou r m on th s to $ 5 0 2 ,8 9 2 . For th e corresp ond
in g fou r m on ths of th is y ear th ey h a v e b een $ 5 0 3 ,4 8 7 . Fu rther com 
p arisons w ith la s t year are, on acco u n t o f th e strik e, of cou rse w ith o u t
significan ce. The earn ings fo r th e first fiv e m on ths o f th is year to
J u n e 1 h a v e been $ 6 3 2 ,2 3 1 , as a g a in s t $ 5 6 3 ,7 6 7 for th e corresp ondin g
period o f 1895, b e in g an in crea se o f $ 6 8 ,4 6 4 . T he earn in gs of th e
M ilw au k ee L ig h t, H e a t & T raction C om pany are n o t in clu d ed in th e
foregoiu g sta te m e n t, an d th ey w ill add s u b sta n tia lly to th e ie s u lts for
th e year.
C in c in n a ti E d iso n Co.—The C incinn ati E d ison E le c tr ic C om pany h as
m ade sa tis f cto ry progress d u r in g th e p a st year; its earn in gs, both
gross and te r , h a v e in c r e a se d . A fin an cial p la n h as b een concluded,
w h loh p rovid es tor th e retirem en t o f th e e x is tin g m o r tg a g e s upon th e
p r o p e r ly and th e creation of a n ew first m ortgage, to provide capital
for im m ed iate r eq u irem en ts,an d also for th e p ossible d evelop m en t or the
b u sin ess fo r m an y y e a rs to com e. \ su fficien t am ou n t of th e se bonds
h as b een sold to a sy n d ica te, in w h ich you r com p an y p a rticip a tes, to
retire a ll th e in d eb ted n ess o f th e com pan y, c o n str u c t a n e w sta tio n ,
and m ak e the in sta lla tio n req uired for th e add itional bu sin ess im m e 
d iately i" prospect.
R ed u ctio n o f S tock P roposed.—T he nom in al c a p ita l of you r com p an y
is so large th at, a t th e proper tim e, a plan for th e re lu c tio n o f its c a p i
ta l stook to an am ou u t better p r o p o r tio n ed to it s e arn in g c a p a c ity w ill
be su b m itted for your con sid eration .

Tnasure^s Statement.—The Treasurer on June 1, 1897, re
ports the following assets and liabilities:
Assets.

M ilw aukee E lec. Ry. & L. Co. preferred stock (par v a lu e )...$ 2 ,3 9 0 ,8 0 0
M ilw aukee E lec. R.v. A L Co. com m on sto ck (par v a lu e )___ 3 ,0 7 8 ,0 0 0
C incinn ati Edinon E le ctric Co. sto ck (par v a lu e ).......................
3 8 2 ,7 3 3
M ilw aukee E lec. R y. A L. Co. con sol, m tge. 5s (par v a lu e )...
1 0 0 ,0 0 0
C incinn ati E d ison E lec. Co. 1 st m tge. 5s (par value) ............
I o 5 ,0 0 0
M iscellan eou s secu rities and p r o p e r ty ............................................
2 5 ,2 0 4
A cco u n ts r e c e iv a b le .................................................................................
2 2 2 ,4 0 3
D em and lo a n s secu red bv c o lla te r a l.................................................
3 2 6 ,0 6 0
T im e loau s secu red b y c o lla te r a l........................................
5 0 ,1 4 6
S u spense account: Cash d ep osited for ta x e s in lit ig a tio n ___
4,3 0 1
C ash.............................................
2 8 9 ,7 5 9
L ia b il it ie s .

T h e com pan y h as no lia b ilitie s e x c e p t cu rren t corp orate e x p e n se s
o f ad m iu b tra tio n an d e x c e p t an op en acco u n t o f $ 1 7 ,6 6 0 arisin g ou t
of the co n tr a c t under w hich th e oom p any orig in a lly acq u ired its p rop
erty, w hich is carried as a c o n tin g en t liability-.
T a x es paid du rin g th e year en d in g M ay 3 1 st, 1 8 9 7 .................
$ 6 ,3 6 4
S alaries, ren tals, le g a l e x p e n s e s , e tc ., y e a r . ..................... .......
3 1 ,5 1 8
In te r est paid for year en d in g May 3 1 st, L897 ...........................
2,5 3 3
(B ein g 11 d a y s’ In terest oo $ 1 ,4 0 0 ,0 0 0 of collateral tr u st
n o tes paid on Ju n e I I , 1896.)
Int. and dlv. r e c e iv e d and aoorued for y e a r .................................
3 9 ,2 5 7
—V . 62, p. 1136.

Southern Cotton Oil.
(iReport for the year ending April SO, 1897.)

P r o p e rly .—The b u sin ess o f th e co m p a n y for th e tw e lv e m o n th s has
The President says in his report that greases and fats which
b een prosperou s. D a r in g th a t period co n sid era b le p u rch a ses of
p rop erty h a v e b een m ad e, so th a t a t th e c lo se o f th e y ea r th e p la n t enter into competition with cotton seed oil sold lower during
co m p rised th e fo llo w in g : 8 7 Ice plan ts, on th e K en n eb ec an d H ud son
r iv e r s ; 37 d e p o ts, 2 1 sta b le s, 2 sh o p s, eto ., in N ew Y ork a n d B rook the year than ever before. The competition in the buying of
ly n ; 101 refrig era to r b a rg es; 1,2 6 1 horses; 7 s 0 w a g o n s, h arn ess, seeds has been very keen, particularly in Texas, the Careto. A ll th e p ro p erties o f th e com pan y, w ith o u t e x ce p tio n , w ere a c  olinas, Georgia and Alabama, and hence the profit in manu
qu ired by d irect pu roh ase, a n d title s c o n v e y ed liy d eed in th e regu lar facturing has been cut both ways.
w a y . T he h o u ses o f th e co m p a n y h a v e a oapaclty e x c e e d in g 2,300,Net profits were $63,025, against $30,820 for the previous
000 ton s.
Slo ck a n d B o n d s .—T he o a p ita l sto o k o u tsta n d in g a t th e olose of th e year, and $210,462 in 1895. A dividend of 4 per cent, payable
y ear w as * 9 ,1 0 8 ,3 0 0 , c o n sistin g o f * 2 ,9 0 8 ,3 0 0 preferred sto ck , and June 15, was declared, calling for $80,000.
* 6 ,5 0 0 ,0 0 0 oomrnon sto ck . T h e oom n any h a s no d ir e c t bonded debt,
G EN ER A L BALANCE SH E E T A P R IL 30 , 18 9 7 .
th e o n ly b on ds o u tsta n d in g b ein g $ 1 ,2 5 5 ,0 0 0 , c o n sistin g o f th ree sm all
is su e s p rev io u sly e x is tin g on properties pu rob ased b y th is co m p an y
L ia b ilitie s .
A s s e ts .
as fo llo w s : K nlokerbooker Ice C om pany, $ 1 ,0 0 5 ,0 0 0 ; R idgew ood
P la n t.................................... $ 1 ,9 2 3 ,5 8 7 B ills p a y a b le ................... $ 3 6 8 ,0 9 2
Ic e C om pany, $ 2 0 0 ,0 0 0 ; C onsum ers’ lo e C om pany, $ 5 0 ,0 0 0 .
ap ita L sto ck _______ 2 ,0 0 0 ,0 0 0
P repaid in su r a n c e ................................ 1 3C
,479
Sales. - The to n n a g e o f io e so ld du rin g th e tw e lv e m on th s w a s 1,983,- Cash ....................................
4 2 0 .9 6 4
1 7 0 ,0 5 8 U n d ivid ed p r o fits...........
6 2 0 ton s, h ou se m ea su rem en t, w hloh w a s red u ced b y w a ste in tr a n s B ills r e c e iv a b le ...............
8 0 ,0 0 0
167,907 D iv id e n d .............................
p ortatio n and d e liv e r y to 1 ,1 3 9 ,6 5 9 to n s d eliv ered w e ig h t, sh o w in g a M erch an d ise.....................
59 4 ,0 2 5
sh rin k a g e o f a b o u t 43 per c en t.
T o ta l................................ $ 2 ,8 6 9 ,0 5 6
Earning».—The operations of the company were as follows: T o ta l.................................$ 2 ,8 6 9 ,0 5 6
T e a r E n d . Dec. 3 1 —
1896.
S a les o f ic e ......................... $ 3 ,5 3 6 ,7 2 3
K en ts, e t o ...........................
3 3 ,5 3 4
$ 3 ,5 7 0 ,2 5 7
E x p . oper. & im p r o v e .. 2 ,8 1 4 ,7 2 0
B a la n c e .....................

$ 7 5 5 ,5 3 7

C harges a n d D iv id e n d s —
In te r est on b o n d s ........
$ 6 9 ,2 2 1
Cur. in t.'a n d d iso o u n t .
4 8 ,8 2 2
D iv. o f 6 p. o. on pref.
sto o k ...... .......
1 7 3 ,5 3 8
T otal .........................
B al. eur. fo r y e a r ............

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

—V. 6 2 , p. 1 0 4 0 .

North American Company.
( Report for the year ending May 31, 1897.)
President Charles W. Wetmore says in part:
G eneral C o n d itio n s.—A. strik e o f th e em p lo y es o f th e oom p any w as in 
au gu rated on May 3 ,1 8 9 8 , and su cceed ed by a b o y c o tt o f th e railw av, o rg a n ised by tlie strik ers w ith the a ssista n c e o f th e various trades
unions o f th e city . T he b o y c o tt co n tin u ed u n til a b ou t th e 1st o f J u ly ,
w ith th e r esu lt th a t th e g ro ss e a rn in g s o f th e r a ilw a y for th e m on th s
of M ay and Ju n e w ere a t le a st $ 1 2 5 ,0 0 0 le s s th a n th ey w ould h a v e been
under n orm al circu m sta n ces. The strik in g fo rce o f m otorin en and
condu ctors w as a lm o st w h o lly rep laced w ith n ew m en, a n d th e r e s u lt
ing distu rb ance of th e ser v ic e and th e lin g erin g effects o f th e b oycott
u n doubted ly fend ed for som e m o n th s la ter to in crea se th e o p eratin g
e x p e n s e s and d im inish th e receip ts o f th e railw ay.
A n ordinan ce w as adopted o n th e 8 th d a y o f J u n e, 1896, req uiring
the sa le by th e com pan y o f tio k ets, 25 for one dollar, 12 for 5 0 cen ts

Siacs the date of the report $250,000 of liabilities have been
paid off.—V. 60, p. 1056.

GEN ER AL

IN V E S T M E N T

NEW S.

Reorganizations, Etc. - Latest Dxta as to Defaults, Reor
ganization Plans, Payment of Overdue Coupons, Etc.—All
facts o f t h i s n a t u r e a p p e a r i n g since t h e p u b l i c a t i o n o f t h e last
iss u e s o f t h a I n v e s t o r s ’ a n d S t r e e t

R a il w a y

Su pplem en ts

may be readily found by means of the following index. This
(
index does not include matter in to-dav’s C h r o n i c l e .
R V.ILROADS AND M I8 C E L . C O .’S.

V o lu m e 6 4 —

Page

A m . G r o c e ry .receiv. d e n ie d .887,950.1040
A t l a n t i c C o a s t L i n e s ............consol. ^87
A t l a n t i c & P a c ific ....................... sold. 8 -7
A t l a s T a c k ................ ..
s o li. 841, 837
B a lto . & O liio ................. c o w p o n s M l 1010
Do
P a tte r s o n A C o r w in r e p o r t. 999
C a p e F e a r & Y a d k . V a l............fo rec l. 798
C a r o lin a T e n n e s s e e & Ohio .. .so ld .1 0 0 )
C e n t r a l ia A C h e s t e r
. ...r e c e iv e r . 1137
C e n t r a l P a c ific , p ro te c tiv e m eusures.1041
C e n tr a l W a s h i n g t o n ............ fo re c l. 95L
C h ic a g o A A l t o n . . . . .d iv . red u ced . 88 7

R a i l r o a d a n d M i s o b l . C o ’ s ( Oon.)
V o lu m e 6 4 —
P age.
C h ic . A N o . P . .p la n i n f u l l . 838, 898, 931
Do
n e w com p u n y . 1000
C h ic a g o A W e s t M ic h ig a n ...c o u p . 842
C ln . J a c k s o n A M a c k in a w ....re o r< 7 . 842
C o lo ra d o M i d l a n d ................... fo rec l. 888
C o lu m b u s A H o c k . C o a l A L.ram /.IO O O
Do
Do
recurs, c tfs . 1041
C o l u m .H . V . A T o l . .co n so l.d e p o sits. 754
Do
Do
........ co u p o n s, 842
Do
Do
gen. m toe. 6 s.l0 4 1
C ol. S a n d u s k y A H o c k ?’ecu r.l0 8 8 , 1137
D u l u t h A W in n i p e g T e r . . . . . .soW.1000

1180

THE CHRONICLE.

Oon. \ ■ H AILRCU SMAMX» MiaoEL.Oo'81<?«*»»)
P«0is
3fo§*» i ro/*f»»#Q4—
St. Ju.*. Or**w<wnr.lj39
tit L Calc *%St. I* m w rftinpoiiy.lOO^
#1, Wertfe
Si. ju VkedftlUi Jt V, a . . , . . coup* M3
i4
*
ao&rtf Hy. toff Alii.) . . . . . . . .m d . 100*
m -k W fm m Ry. ‘
d^iKwrlft. 1*55, 1002
, 9dto.ll.57 1irnaaiU
Superior Ctm#ol. Uan4 Co,...r<ie»»-. S4I
l Vwimssm^ Central...
. . . . . .sale. 1002
HL W*f!!!#SJxisi'
i m ue**
Terra Haute St Logansport..c>um >043
, - *,**»*«
kftg&IM&J* Uyststifim
m htt.loii ; i nton fin . <4.if.ti#4.; mn. tkpraj:&, *03
jjtouStsKfgSfct’U- Itf'ftt '■
jfemt. C. A 1
Do toll, i r. fb ojr iSM.eollatM i, 902
1
... mm ir w f',
Do rol/.tA £*, o/18Si............. . 002
y
1» Ttt jt .4 AU ....... Mktii,*%, looi
Do c o itir 0» o/ 1870.,........... 002
h m m tm *
IK* Kansas Central......fort cl. ?f»9
Imtim. m. a , m Ch ■.Jla.il imfiaimt. 7 & j
Do
tout]! bonus. «fc Inf. prsid.lOOS
It©® pirn*
1ewi s i»t. U'-to. U K Utah Central ... . . . . . . . . . . . told. 005
ii#
M. t .
A II. H...W/MMl p-brn., 7&t*< | W h e e lin g A L a k e R i w i r f f i « / i*f*. 955
-v..ftfntMl, IM* p&a, tw i t Wllminuton New hern & Norr..*«ik.loi:i
T . k II*
©r*4 ISSum ChkvmrP.SIS. viH | Ws*wx>nslu Centra 1..».cotipotw.ctil. 003
mtif.vm
St r e e t R a i l w a y s .
h*
i
k
„ „ „ ___ _______ ____ *1* llS f f
(Vposit* 1137
om rati
rw»f».?*>»»84S, $0£ ? Brooklyn Elevated....
Ito lie
. .M*U» >W,liH'l,lf'42 Fourth St. & A rserntl fSt. L .). «ote.l0ii
Kinim Comity Elevated
. .ream 1002
¥mlt*vt It &G.H. .«4d 7U j People’s
Railway (St. Louis). .sale. 1041
H*c A. 3g*
jpsfm. ttM2, J ti? j
. .. . . . rrrvr.lM3
| to
|to
mi& «mwh.*O£0»I**7 i S«irluaw Consol, St—
Rainey 0cmlw» & K . C ..,«. jr» « J 0O, OS* j Union St, By. (Satfluaw)......,rrcur, 1013
§JK§ .*36** M

ivou u a v

British Columbia Government in aid of the new line, 59,006
acres are to be transferred to the D imiuion Government.
The new line will be subjects to the provisions of the general
railroad act, which grants trackage rights to other comp inies.
It is stated that the company has already given a contract
for the new line to a Montreal firm, and tb it construction
work is to be begun this season.—V. 04, p, 752.
Capital (Street) Railway, Frankfort, Kjr.—Sold.—This
road was sold at auction on Tuesday for .$16,000 to Charles R.
Crain of Springfield, Ohio, representing the boudhol tors, and
who will, it is said, reorganize the proparty.—V. 64, p. 422.
Central Pacific Kit.—Firsts to be Extended for Three:
Years from Jan . 1, ISOS.—This company has decided to ex
tend its $25,8s3 000 first mortgage bonds falling due Jan. 1,
3898, for three years at five per cent. Of these bonds $10,875,000 (series A to E, formerly 0>.) fell due in 1895 and 1893 and
were extended until Jan. 1, 1898 at 5 per cent, and $15,508,000
(series F to I) which now carry 6 per cent mature on that date.
Speyer & Co. announce that holders of the above-men
tioned bonds will be asked to deposit their bonds under
an agreement which will be published shortly, giving that
firm full power to represent their bonds, subj-ct to final ap
proval, in any readjustment of the railroad company’s bonded
debt. Certificates of deposit will be issued for deposited
bonds, and application will be made for listing the same on
the stock exchanges of New York, London, Frankfort-onMain, Berlin and Amsterdam. Speyer & Co. have formed a
syndicate which will buy at par on Jan. 1 next the bonds of
those holders who do not desire to extend.—V. 64, p 1041.
Chicago Indianapolis A Louisville Ry.—Chicago & South
Atlantic HR. - Old Decree in Favor of Stockholders Re
versed.—Tbe United States Circuit Court of Appeals has re
versed the decree of 1880 against the Louisville New Albany
& Chicago (now the Chicago Iudianap ilis & Louisville) in
favor of the C. & 8. A stockholders as represen-eu by John
B. Pettit. The Chicago & South Atlautic was chartered in
1878 in Illinois to build to tbe Indiana border. A practical
consolidation was made with tbe Indianapolis Delphi &
Chicago HR. but separate organizations were maintained, and
the Chicago & South Atlantic built about 39 miles of road.
The road was completed by the I. D. & C. and subsequently
foreclosed and purchased by the Louisville New Albany &
Chicago, becoming part of the latters main line.
In May, 1880, a decree for $108,922 with 6 per cent interest
(row amounting to $312,000) was given in favor of the Chicago
& South Atlantic stockholders by the Federal Court in In 
diana for amounts claimed to have bsen spent for construc
tion. This decree has just been reversed by the United States
Circuit Court of Appeals.
It is stated that of the Chicago & South Atlantic stock, in
whose interest the old suit was brought, only eight shares
(for $100 each) were ever sold; but the decision just rendered
is regarded as important in removing a cloud from ’the titleto the property.—V. 64, p. 664.
Cincinnati Portsmouth &Virginia RR.—Listing in Phila
delphia.—The Philadelphia Stock Exchange this week listed
$200,000 first mortgage 5s and $594,000 preferred non-cumuIative 5 per cent stock. The first mortgage is authorize for
$500,000, and bonds for $200,000 are issued and outstanding.
The bonds are all to be issued from time to time for im
provements, etc. The. company reserves the right to redeem
all or any part of the bonds at any time upon ninety days
notice at 105 and interest. Redemption to be by serial num
bers. -Y . 63, p. 791.
Citizens’ Street RR. or Indianapolis,—Three Cent. FareLaw Declared Constitutional. —The Supreme Court of In
diana, on June 11, handed down a decision in regard to the
three-cent fare law, declaring the law to be constitutional.
The “ Indianapolis News” of June 11 gives the full text of
the decision and makes the following statements :

Americas («r« eery Co.—Injunction liestraining Sale Cmtinned —Judge Kirkpatrick of the U. S. Circuit Court, N. J.,
,-a W. .it <-lav denied the motion for a dissolution of the in
junction restraining the American Grocery Co. from dispos
ing of its busit ess. He referred to the testimony for the com
pany that a dissolution is desirable, but said it can only legally
te accomplished by a two-thirds rote of all the stock, or by
a continuation of the business until the concern is compelled
to suspend business for want of funds.—V, 64, p. 1040.
Atchison Topeka A S m taFe By.—Santa Fe Pacific RR.—
The New Compant/ to 1'ake Over the Atlantic <£• Pacific West
ern Dirif j-'ii. -Oa W-duesday the Santa Fe Pacific Railroad
was i; certiorated under an act of Congress approved March
3, 1Ki7. to take over property of the Atlantic & Pacific Railread recently acquired by the Atchison. Its stock and bonds
are to be pledged under the general mortgage of the Atchison
t ’ompany. It isexpeeted that formal transfer of the Western
Division of the Atlantic & Pacific will be made by R-ceiver 0.
W. Smith to the SaDta Fe Pacific at midnight on June 80 next.
The Atchison system, as now constituted, will be divided
for .{uniting purposes into three divisions:!. The Atchison
Topeka & Santo Fe proper, 4.542 miles; 2. The Gulf Colorado
& Santa Fe Railway, 1.058 miles; 8. Santa Fe Pacific &
Southern California, 1,317 miles; total, 6,917 milcB. After
Juiyl reports of system earnings and expenses will include
the road, and mileage above stated.—V 64, p. 1136.
Balt I ii ore Traction—City & Suburban By.—Baltimore
Consolidated R j.—Consolidation —On Thursday the Balti
more Cc i h lidsti d Railway was formed by the consolida
tion of the Baltimore Traction and the City & Suburban com
pare s. The capital stock of the new company is $10,000,000,
consisting of 400.0(4) shares, par value $25 each. The new
nun tjeage is to be for,$l 2.000,000 to the Mercantile Trust Co. of
lialiimore, as trustte. securing 4)4 per cent gold bonds, $10,600,1,00 of which will be used to retire the divisional mortgagta as they mature, the remainder going into the treasury
of the company. The combined mileage of the consolidated
company is about 185 miles.
Of the new stock, 166 000 shares ($4,900,000 par value) goes
R> the Traction Company, and of this, 193,300 shares ($1,830,|> 1par value) will be given in exchange for present traction
stock of $5,750,000 a', the rate of $31 for each $25 share.
The City A Suburban get.- 183.600 shares ($4,090,000 par value),
Of which 16b,I 00 shares ($1,000,000 par value) will be ex
changed f.,r the $1,000,000 of old stock at par. This exchange
will Uav.- $1,080,000 of new »tock In the treasury of the compai.y. Tin t flier? ai d directors of the Baltimore Consoli
dated Ry, are as follows;
President—Nelson Perin; Vice-President and General Man
ager. William A. House; Secretary, J. F, Heyward ; Treas
u r e r, ! . s , Uiunbleton, Directors; Charles Adler, Ed vard
L. Bartlett. Jesse Hills, W T. Dixon, T, 13. Hambleton, J. S.
" • William P. Harvey, Nelson Perm, William A. “Six weeks ago Judge airowiilter, of the United States Circuit Court
If .use George C. Jenkins, George A. Von LiDgen and Theo- (sitting In Indianapolis), held tlie law to be unoonetltutional, and is
sued an order restraining the ofltoers and em ployes of the Citizens’
acre 1. WtieoJC.
Railway Company from charging other than a five cent faro,
Thf* M^rcamilf* Trust Company of Baltimore is transfer Street
and restraining oiry and State authorities from euforotng the law.
»K* m, Tim consolidation taking place at once, but accounts “ file decision was in a suit for an injuniMon brought by the Central
Trust Company of N ew York to restrain the C itizens’ Street Hal,road
will be adjusted up to July 1,—V, 64, p. 1087,
Company from obeying the tbree-oent fare law, known as the ‘ffugg
P alled (funds,—Tim follow in bonds have been called for la w ’, and to enjoin Prosecutor Wiltsie aud other officers of the oity ana
payment (last list in V, 64, p. 01
State from enforcing It. A temporary Injunction w as granted, os
Judge SiiowaUor holding the H ugg law to be unconstitu
filC IIM O S D & D a N'VILLK. — B q
rnent mortgage bonds of prayed for,
[See CHROstcLE of May 1, 1897, p. 84Z.)
188#. Nua. 76, 291, 312, 610, 875 u f 1127, six bonds, for pay tional.
“ The Citizens’ Street Railroad Company w as not principal In th e
mens Sept, 1,
ease as made up and decided to day. The oase was ontitled th* City
Indianapolis again st John N. Navin. I t was brought original!! in
i n rufimii Peelfle Ry,—Crow’s Nest Pass Ry. to be Built.- of
the Police Court, where the city alleged that Navin had violated the
A »ui»idy of $11,000 per mile has been granted to the Cana ordinance tlxing the street cur fare at 5 cents. Navin was fined $50.
an appeal to the Oirouit Court, and cited that a new law had
, “ • “'Wh-for
construction of the proposed road fron He took
panned which established 3 cents as the legal fare. The eitv
X>-:M,r.dg ■, Northwest Territory, to Nelson, B. G„ a distant been
assumed tha nominal position of resisting the legality of this new law,
f/ ' ' ”;a’ “• J« consideration of this subsidy the companv and City Attorney Curtis alleged that It w as unconstitutional. The
!' '*
free, never to charge more than $2 per ton for th Court found for Navin, declaring the 3-cent fare constitutional, and
re.i r f rx/rt <t cos I, and never more than will give a profit o holding that the ordinance fixing 5 cents as the rate of fare became in
when tha 3-cent law was passed. From this decision the
- > - r t - t ■ grant a reduction of through rates on the mail operative
oity took an appeal.
“r'
f Oe.m M to 88Vf per cent on all goods which an
“ The Supreme Court of the State, in an opinion announced to-day,
? .***'-' for m u tt* , such as coal, oil, fruit, agriculture In the Navin case, holds that the law passed by the last Legislature,
the street railroad faro In this oity at 3 cents, is constitutional.
Imp,ewer,!., hinder twine, barbed wire, and similar arti fixing
The optolon, written by Ju stice Monks, is concurred In by the fu ll
le company sis . agrees to reduce the rate on whea bcn<‘h.
K etcliam , who conducted the oase for the State
b •T nt-elV ^
cents next year and
cents the fol in“Attorney-General
ih e Supremo Court, points out that th e restraining order of the
united Stai es Court is still in foroe, and that pending further proceed
ts-Ir.!1 fc-’Kht rstenon the new line and between points oi ings in the Federal Court people will not be able to fide for 3 cen ts.”'
; «V-r-7
V r r \ n,V m tbe CnnadUa PacifiCare to b.
The city baa filed in the United States Circuit Court a
-er! «■> V ' 1of S f ° o v<,tnor in Council, or of a oerma motion to dissolve the restraining order of Judge Showalter
•• r» r •.
mmission. Of the coal lands granted by thi in the three-cent fare case,—V, 64, p. 951,

J une 19, 1897.]

THE CHRONICLE.

Cleveland Ciacinnati Chicago x Sr. Louis Ry.—No Pre
ferred Quarterly Dividend in July.—The directors on Mon
day failed to declare the usual quarterly dividend of V/j per
cent due July 1 on the preferred stock. Dividends of
per
cent each have been paid quarterly on the preferred stock
since 1890 but no dividend nas been paid oa the common
since August, 1898, when 1)4 Per fient was paid.
A director of the company is reported as saying that “ the
company has not earned enough to pay full 5 per cent (for
the fiscal year ending June 30), but this does not signify that
the next dividend will not be paid.”—V. 61, p. 233
Colorado Midland RR.—Plan Agreed Upon by Majority
Interest.—The Reorganization Committee have matured a
plan of reorganization which has received the assents, it is
said, of a majority of the bondholders. It is thought the plan
will be ready for public announcement within the next fort
night, and the sale will take place about August.—V, 61, p. 888.
Concord & Montreal RR.—New Bonds Authorized.—-The
stockholders at a special meeting on Tuesday authorized the
issue of $650,000 of bonds to reimburse the Boston & Maine
for money advanced in 1895 to pay the claims of the Man
chester & Lawrence against the Concord & Montreal. It is
said the bonds are to bear interest at not exceeding 2 per
cent.—V. 63, p. 700.
De< Moines & Fort Dodge RF.—Statement for Year—For
the year ending Dec. 31, 1896, this company reports rental re
ceived from the Chicago Rock Island & Pacific (30 per cent
of gross), $153,680; other income, $1,962; total income, $155,642. Interest charges, etc., $106,029. Balance for dividends,
$49,613; from which a dividend of 6 per cent on the pre
ferred stock has been declared, payable Aug. 2, oalling for
$45,756. In 1895 the rental was $144,523.—V. 63, p. 29.
Illinois Central RR.—St. L. A. dk T. H. Terminal Bonds
Called.—The St, Louis Alton & Terre Haute first mortgage
and terminal 5s of 1894 for $2,275,000 have been called for
payment at 105 on June 1, 1898. The bonds mature June 1,
1914, but are subject to call at 105 on one year’s notice. New
St. Louis Division 3% per cent bonds of the Illinois Central, of
which $15,000,000 were recently authorized (see v. 64, p. 952),
will be issued.—V. 64, 1137.
Iowa Central Ry.—Opposition to Call for Proxies.—On
Thursday stockholders received a circular from President
Sage’s office, asking that proxies for the annual meeting in
September be sent to E. C. M. Rand, care of Russell Sage.
Later in the day the following circular was also sent to stock
holders :

118 L

Metropolitaa West Side Elevated RR. (Chicago).—Earn
ngs.—The receiver reports earnings and expenses since his
appointment Jan. 20, 1897, to May 31, as follows:
R E C E IP T S —
P a ssen g e rs.
JaD. 20 to F eb . 2 8 .. $8t»,647
M arch...................
A p ril................... ........ 6 8 ,3 1 9
M a y .....................

T o ta l...........
P a y ro lls.
Jan. 2 0 to Feb. 2 8 .. $ 3 0 ,0 2 1
M a r c h ................ ........ 2 6 ,2 9 2
A p r il..................... ........ 2 8 ,6 1 0
M ay................... .
EX PENSES—

R e n ts.
$ 1 ,0 4 9
2 ,3 0 0
2,601
1,951

M iscel.
$ 2 1 ,4 0 6
359
204
65

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

$ 7 ,9 0 1
S u p p lie s .
$ 1 3 ,9 1 7
1 1 ,3 5 7
1 1 ,4 3 7
1 3 ,433

$ 2 2 ,0 3 4
M iscel.
$ 5 ,9 5 0
454
4 7 ,2 3 5
3,1 0 8

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

T o ta l............ ........$ 1 1 2 ,6 5 1
$ 5 0 ,1 4 4
$ 2 1 9 ,5 4 2
$ 5 6 ,7 4 7
P e r c en ta g e e x p e n s e s to r e c e ip ts ......................... ......... ........................
6 8 '2 7
Cash b a la n ce M ay 3 1 .......................................................................... $ 1 0 2 ,0 1 3

The daily average number of passengers carried was:
Ja n . 20 to Feb. 2 8 .................4 4 ,4 3 4
M a r c h .......................................... 4 7 ,811
- V . 64, p. 610.

A p ril.............................................4 5 ,5 4 6
M ay............................................... 3 0 ,353

Norwich & Worcester R R.—Meeting to Authorize Bonds.—
A special meeting of the stockholders will be held on Tuesday
next to act on the proposition to issue bonds from time to
time to an amount not exceeding $2,000,000 and to authorize
the building of an extension to connect with the New York
New Haven & Hartford RR. at Groton, Connecticut, in ac
cordance with the terms of the lease to the New England RR.
as revised last April.—Y. 64, p. 664.
Ogdensburg & Lake Champlain RR.—Directors Elected by
Bondholders.—At the annual meeting held on Wednesday at
Ogdensburg, a motion to postpone the election to Febru try
next was nude by Louis Hasbrouck and dec'ared carried by
the Chairman, B. B. Smalley (ooth interested in the Central
Vermont Railroad), 31,600,000 stock voting in favor. The
stock is chiefly held by the Central Vermont Railroad Com
pany. William Lummis offered the vote of $3,485,000 mort
gage bondholders in opposition, but the chairman refused it
on the ground that while the bondholders were entitled to
vote for directors, they could not vote on any other motion.
The three or four Central Vermont representatives, includ
ing E. C. Smith, president and receiver of the company,
then withdrew, but the meeting was continued, Charles R.
Batt, of the National Security Bank of Bwton, in the chair,
and the following directors were eleoted ny the bondholders
without opposition: Chailes Parsons, Charles R. Batt, William
Lummis, George Parsons, Thomas Denny, Jr., Charles N.
Chevalier, Henry Parsons, Philip V. R. Ely, Hiram A. Hodge,
To the S to c k h o ld ers o f th e Io w a C e n tra l B a iltc a y C o m p a n y :
Edwin Parsons, Clarence S. Day, Walton Ferguson and
A olio u la r sig n e d by E, C. M. R and, In oare o l R u ssell S a g e, prem am a tu r ely issu ed , inasm uch a s th e e le c tio n does n o t occu r u n til S ep tem  Daniel Magone.
At a subsequent meeting of the directors, Charles Parsons
b e r , h a s been se n t o u t a sk in g fo r y our p r o x ie s. It d oes n o t rep e se n t
a n y actio n o f ib e board o f d irecto rs. The u n d ersig n ed , in b eh alf of was elected President; Charles G. Burnham, Treasurer, and
m a n y la r g e sto c k h o ld er s, beg to n o tify y o u th a t in th eir opin ion it is Henry Parsons, Secretary. Charles Parsons is the present
n o t fo r your iD te ie st to seo d y o u r p r o x ie s in th is d irectio n and req u est
y o u ’ o w ith h o ld lh em for fu rther c o m m u n ica tio n w ith us. (Signed), reoeiverof the Ogdensburg & Lake Champlain Railroad Com
A . M. K idder & Co., S t'o n g , Sturgis & C o., Clark, D o d g e & Co., T aintor pany, appointed by United States Judge Wallace.
hi H o lt, R. J . K im b a ll & Co.
At the foreclosure sale, which will probably soon take place,
Toe annual report of the company for the year ending June the property will, it is expected, be purchased by the bond
30, 1896, was given in the Chronicle of Oct. 3, page 598.—V. holders’ committee, of which Mr. Parsons is chairman, and
63, p. 598.
it will then become an independent road.—V. 64, p. 1039.
Kansas Central RR.—Sale Postponed.—On Tuesday the
St. Lonis & San Francisco RR.—Atlantic & Pacific RR.
postponed sale of this road (see V. 64, p. 799) was again post —Negotiation for Sale of A. & P. Central Div sion.—Ne
poned until June 25.—V. 64, p. 1041.
gotiations are pending for the sale to the St. Louis & San
Labe Shore & Michigan Southern M y—Abstract of the Francisco of the Atlantic & Pacific Central division first
New 100-Year Mortgage.—The investing public here and mortgage bonds held by the Bangs Committee. The bonds
•abroad will be interested m the abstract of the new Lake cover the road from Seneca, Mo., to Sapulpa, I. T., 112 miles.
"Shore tefunding mortgage, which is printed on other pages The Frisco has been operating the road.—V. 64, p. 1089, 950.
of this issue. From a study of the same it will be observed
San Diego Land & Town Co.—Sold.—The property of this
that all the most approved provisions for the protection of company was sold at National City, Cal., on Monday, to B. P.
the bondholders are incorporated in this mortgage. The Cheney of BostoD, for the Reorganization Committee.—V,
bonds of course rank as a very choice investment. They will 64, p. 708.
be listed this coming week on the New York Stock Exchange.
United States Car Co.—Non-Assenting Stock.—The non’
The current quotation is 103-103)^.—V. 64, p. 1088.
assenting shareholders are said to be taking steps to protect
Little Rock & Memphis RR.—Sale Postponed.—The sale their interests. The reorganization plan was published in the
of this road was postponed l&8t week to December 11, 1897. Chronicle of December 26, 1896, page 1160, and under it the
—V. 64. p. 567.
old common and preferred stocks are each asked to pay an
Louisville (Street) Railway, Ky.—Conversion of $500,000 assessment of 6J4 percent. Stockholders paying the assess
Common Stock.—A meeting of the stockholders has been ment are to receive new first mortgage bonds therefor, and
called for June 19 to consider the conversion of $500,000 of 15 per cent of their holdings in new common stock in ex
the $4,000,000 common stock into preferred stock on pay change for their old shares.—V. 64, p. 236.
ment of $50 per share for the privilege. The money to be
United Traction—The Second Avenue Traction—Pitts
raised by this conversion ($250,000) is required for improve burg Allegheny <fe Manchester Traction—North Side Trac
ments, for equipping the last 14 miles of line with electricity tion.—Proposed Gonsclidation.—A meeting of the stockhold
and for new cars.—V. 64, p. 466.
ers of the three last-named companies has been called for June
Maine Central RR.—Dexter & Newport RR. Refunding.— 26 to ratify the proposition for a lease and sale of those proper
The Dexter & Newport directors announce that arrangements ties to the United Traction Co. Messrs. Brown Bros. & Co.
hare been made with the Maine Central to take up the $125,- and Alexander Brown & Sons have agreed to purchase upon
000 town of Dexter and $50,000 town of Corinna bonds (issued certain conditions $4,000,000 bonds of the United Traction.
The United Traotion, through purchase of the stock and by
for the D. & N. in 1867) falling due Sept. 2, and to issue a new
mortgage on the Dexter road to the Portland Trust Co. of 950-year leases, has secured control of these three companies
Portland, Maine ; the new bonds to .be guaranteed by the (aggregating 116*68 miles) and receives the entire earnings,
Maine Central bear interest, it is said, at 4 per cent and run 20 subject only to the following annual charges :
years.—Y. 64, p. 234.
T he 2d A ve, T raction, $ 2 ,5 0 0 ,0 0 0 b o n d s .......................................$ 1 2 6 ,8 0 0
eral S t. & P le a sa n t Y a l., $ 1 ,2 7 5 ,0 0 0 b o n d s ...................... ..
6 4 ,5 0 0
Metropolitan >treet Ry. (New York City).—Underground F ed
Do
do
$ 6 5 0 ,0 0 0 sto c k ...............................
3 2 ,5 0 0
Electricity on Fourth & Madison Ave. Line.—The State Rail P itts. A lleg h en y & M anchester T rao., $ 1 ,5 0 0 ,0 0 0 b o n d s.......... 7 5 ,0 0 0
road Commissioners on Monday granted the application of
$ 2 9 7 ,8 0 0
this company for permission to ohaDge its motive power on
The gross earnings of the three companies for the year end
the Fourth & Madi-on Avenue Line (New York & Harlem
RR. Street lines leased by the Metropolitan St. Ry. for 999 ing Deo. 31, 1896, were $1,428,292 ; operating expenses, inclu
years). President Vreeland says work will be begin shortly. ding taxes and insurance, $783,241; net earnings, $645,051 ;
The line is 8*58 miles long and is all double tracked.—Y. 64, aDd deducting charges as above, $297,80J, leaves $347,251 sur
plus for year over all charges which would be applicable to
p. 1137.

THE CHRONICLE.

UWS

inifjr>i a«sr»ontte« to j .’-h'.OOO) on the *4,000,000 of 5 per cent

(VOL. L X lV .

R e p o rts an d d o c u m e n ts.

»t i» i l- t uttni Tm uion |>ropc«e* to sell at thin time, ;

n i t .—The c e » U nited T raction lu o ttg ag e is lim ited
t, ito.uXt.t9 ) curing I0o-y esr8 per cent gold bonds; th e THE LAKE SHORE & MICHIGAN SOUTHERN
XSa,» iao,i rr m t t i . ol B iltim o re is tru stee. Of these, $5,375,- .
R A IL W A Y C O MPANY.
tx.il *tT tube r. - n r 1 to retire th e divisional bonds (above
ut«etiered ; fm.OOO r. *«rv«d for b etterm en ts an d im prove- ! ABSTRACT OP THE THREE AND ONE-HALF PER CENT
ii.it s after Ja n u s ry . It9$. sa d $4,000,000 to be sold to the
GOLD BOND MORTGAGE, DATED JUNE 1, 1897,
s t r ibeale, ar.d the proceeds, in addition to p rcceid s from th e
AND SECURING $50,000,000 BONDS
,,'r, u rr«el stuck, w e d to provide th e purchase m oney paid for

tie se v era l

road#.

,

DUE JUNE 1, 1997.

,

* ■ '. -Ttie capital stock of the U nited T raction is $10,000,i'vO.vt m bteb $7,000,000 is com m on and $3,000,000 preferred.
Application will be ruuie to have th e bonds listed on th e
Philadelphia a n d B altim ore E xchanges.—V. 63, p. 380: V. 64,

PARTIES.

The L ake Shore & Michigan Southern Railway Com
pany (hereinafter called the “Railway Company”), party of
the first p a rt; and the U nited States Trust Company, or
From the applica- N ew Y ork, and J ohn T. Dye , of Indianapolis, Ind. (herein

p i % \ 118$, 004.

Western (las (l l l waukee). —
n o f this compat v 'o list it“ collateral trust gold bonds and after called the “Trustees)”, parties of the second part.
it -u on the New York Stock Exchange, as noted in the
PREAM BLE—OUTSTANDING OLD BONDS.
t in:- s i 11; of May 20 the following facts are taken :
W hereas, certain portions of the main lines of railroad
Or
rh«. Western Gas Company was organised on March owned by the Railway Company are subject to the lien of
s. 1met n niter the General Lows of tlio State of S aw York, ft has acmured : i : iucha-e #11 of the stack erf the M ilwaukee Gas Light four mortgages securing bonds now outstanding (hereinafter
Ckvmt'Snv’ lit Milwaukee, W n , except the ulna shares necessary called “outstanding old bonds”), to-w it:
iu

t„
ifv ,!is,
nod on these nine shares ft holds an option to
pare b*se at any time.
- ( V Milwaukee On# Light Company controls the entire gas
_ .' •
mi of tho city of Milwaukee, Wire, under its charter. which Is
icrj.f mat »od ex clu siv e: the language o f the Supreme Court o f ills
Wisconsin, m the case State n . Milwaukee Gas Light Com
pare j:.t Wis . 1 5 -;, being as follow s:
••Si
-n u , that this section confers upon the defendant in
th e most clear and unambiguous language, the exclu sive right and
>ustj.-ru i to manufacture and sell gas m the otty of M ilwaukee.”
Tim M: waukn Gas Light Oompanr has no m ortgage or lien of any
ktt d uu n« property, whfeh coexists of the gas works at Milwaukee.
Ttiewjupauv a w own* valuable piece* of real estate in Ihe city of
Mit-a-a-.it:.-. . Us pi ant has a capacity of 5,008.000 cubic reel per day.
Il L a. ,,ver 225 miles of mains, and had over 18,000 set vices in use on
A< rti 3 0 . 18u7. It has 2,587 street lamps and 30.161 metros In use.
The pi Ice at which It furnishes gaa is $1 par 1,000 cable feet for illulutneting purpo,ca aud 80 cents when sold for fuel purposes. The
foi:owing table shows the growth of business of the Milwaukee Gas
Light Company from December 3 1 .1 8 9 2 , to d ate:
On Dee. 3 1 —
1892.
1393.
1894.
1895.Ap!,30 ’97
...
.....
172
132
201
216
225
M -tcr, in se r v ic e ..... 17,100
20,437
22,873
26,350
30,461
Tho percentage of increase la sales o f gas over the previous
year » » , in 1 - 9 3 ,16U6 per cent; 1891. 6-13 per c e n t ; 1395, 9-3 per
rent: 1898. .V&b p. e„ and for the first four months of 1897, 4-16 p. e.
Mr-' da.—1 ho collateral trustjflret mortgage 5 per cent gold bonds are
dale*! May J, 1893, and at e due May 1. 1933; Central Trust Co of New
York, Trustee; they are redeemable at 110 aud interest upon any ioier-»! ■Luc. >.*• whole or tn part, on notion advertised ones a week, for at
iea*t cixlit weeks before the date acleoted for payment, lo o n o daily
newspafo r putillstied tn the city of New York and one published to the
'M
l., i,,;... 111' . l . r> nuDvorttbte atan y tlmo be
fore maturity, at tin- option of the Western Gas Company, Into a bond
of like ter or and muinint, bearing the some rate of interest and falling
doe on saute date, secured by a first m ortgage upon all the property
sr.d trai,vhf*t* of the M ilwaukee Gas Light Company. Bonds for
*3,tn>»,SOo have been cert Illetl by the Trustee, but only 83,805,500
bar e be, a ..fid. there remaining in the treasury $ 193,375 for Improve
ment*. Tin., above-named bonds are part of an issue of $4,000,000.
xml are seemed S.y a deposit with the Trustee of the entire capital
•fork (20,138 share*. par value #50 each), of the Mtlwauoe Gas Light
Company, m ere ha# also been deposited with the Central Trust Comp.: y of New York a certified, copy of the vote of the stockholders of
the Milwaukee Ua« Light Company, lim iting the power of the dtreetors
of **ld (xxinpany to borrow money to *250,000, excep t from the West*rti (la# Company. The stock of the M ilwaukee Gas Light Company is
- ol the Central Trust Company of New York,
Trustee, :»od ibis vote of the stockholders oannot- be altered without
the content ot said Trustee. The object of this vote Is to lim it the
creation of oldlgattoiia of thu Milwaukee Gas Light Company taking
pre eedence of tl e stock.
Jfumlnyt. —Tbe earning# over fixed charges ot Western Gas Comj-vi y f.-r th* last two years are ahown as fo llo w s:
31—
1896.
1895.
> • truing#. after all de-m otion#......................... *434,567
*412,253
I t»i axV;4«h»rg«.»..................................................... 188,386
179,970
,

ttalaooft........................ ..........................................$246,131

Xj l : ! - « , ! <

-n

o c k

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

2 0 0 ,0 0 0

$232,288
1 6 0 ,0

O

8urplo# for year..................................................... $16,181
$72,238
T o j,--: oaratug* of tin. Mllwtuko j Gas Light Company were: la
S 3; 189», $363,735 2 1 ; 139 i,
-

■

-

....

'

Tb» dtvntenoa paid on Western On# Company stock have been as
follow#: January I s , . s o . , * per cell'-; July 15. 1895. 2 tier cent;
Jau .r: I f . 19 9 0 ,2 % p ereen t; July 1 8 ,1 8 0 8 ,2 % p arflon t ; January
L

baUmtr

r

•

-

■rer

The balanoe -beet Jaa. 1, 1397, was as follow s :
" r » t n n * o a r o o . u a i . a» c b m i b e t .jA S O A itr 1, 1897.
J Afftt-LiabliiUcs—
SMw'Sm G *l t ig h t Co,
Capita I stock.................. #4,000,00«
•t« fk .e* llo i'.| value $7,608,121
Five p e r ce n t b o nds___ 4,000,000
«»«*• receivable, ______
2 1 7 , 5 0 0 Profit nm l to*s...............
38,700
t ' v h o n bond . . . . . . . . .

Bond# la treanut*.........
I l
>:»>•;,-fii.-.i w'Hti
‘ -:.t r » i lr n « t < <•

i- , 3 f i 9

193, j 78

1,125

T o ta l.. . . . . _________
>38,790 I T otal............................$8,038,790
T r a m ftr OfS/*,—The coin ‘uv's otfine for the tran u fer of th e stoelt is
ip i m Mil.!* liMMUbw, and ttie reg istrar# of the stock are J. ,v, W,
RettfiM's-n ,%r
fide-nt Kiii'-i- hi: Mi-MIIISti, o f Ne-.v Y ork;
> I ■ I're M, !,t
■- - *'f N‘ York; Secretary and Treat*: -l
tmtr* Bossf-rt >1 ' fr >>. o f New Vorir IH rr'Ior- -t»aae S . deligman,
2takfr#on Mew
■■ f h iip I ■tiinen. H. B. Witxon, 1'rederL'k BtrauR*
<*re,r»-,i T.
t dt d. , . . b . , l v .

Vor “ ' nnr t ! ; - w - Gl ark- J r ” 01 m w

ff hfRellttff h 1akv Eri« By —Receiver*' Certificates Auth
or t&d.—Jwh-t 1•. t>t C in cin n a ti, haa authorized the rcc> iv<n to irottc ■• mfir H< - to the aroottot of $482,500. The
jreeerd# are- tret* applied a« f,fi! ,ws : per bridges, $165,000 ;
rebuilding the M»urn<*»* bridge, *115,010; rebuilding email
Gi
vt-.L> »r d #idin«». $100,000 : and the balance,
fur nxMr-ilaoeous work. —V. 64, p. 05,5,

Buffalo & Erie HR. Oo. Mort, 7 % Bonds, duo April 1 ,1 8 9 8 . $2,705,000
Lake Shore Ry. Go. Dividend 7 % Bonds due April 1,1899. 1,355,000
Luke Shore & Michigan Southern Railway Co. First
M ortgage Consol. Sink. Fund 7 % Bonds due July 1 ,1 9 0 0 . 14,440,000
Lake Shore & Michigan Southern R ailw ay Co. Second
Consolidated General Mort. 7 % Bonds due Dec. 1 ,1 9 0 3 .. 24,692,000
T otal............................................................................................... $43,192,000
NEW MORTGAGE.—DESCRIPTION OF BONDS.
And W hereas, for the purpose of refunding the said $43,-

192.000 of outstanding old bonds, the stockholders and di
rectors of the Railway Company have duly authorized the
execution of this mortgage, to secure an issue of bonds for
an aggregate principal sum not exceeding 350,000,000 at
any time outstanding, payable June 1, 1997, with interest
thereon at the rate of 3}£ per cent per annum, payable semi
annually, upon the first day of December and the first day
of June^ in each and every year, until the principal sum shall
be fully paid, both principal and interest to be payable in gold
coin of the United States of the present standard of weight
and fineness.
And W hereas, the form of the coupon bonds is as follows,
to -w it:

FORM OF CO0PON BOND
$1,000.
UNITED STATES OF AMERICA.
TH E L A K E S S O R E <£ M IC H IG A N S O U T H liltH R A I L If AF

No.

COM PA H Y

T h r e e ano O n e -h a l f p b r C en t G o ld B o n d .
k n o w A ll M en by T h e s e P r e se n t s ,
T h a t t u b L a k e S h o r e & M ic k io a k S o u th er n R a ilw ay C o m pa n y ,
a corporation, hereinafter oalled the “ R ailw ay Company”, for value
received, prom ises to pay to the bearer, or, if registered, to the
registered holder of th is bond, One Thousand Dollars gold coin
of the United States, on the first day Of June, in the je a r 1997, a t
th® office or agency of the R ailw ay Company in the c ity of N ew
York, New Y'ork, and to pay in terest thereon at the rate of three and
one-half of one per oent per annum from June 1 ,1 8 9 7 , payable sem i
annually at the said office or agency in like gold coin, on the first day of
Decem ber and th e first day of Juno in each yea*, hue only upon pre
sentation and surrender, as they severally m ature, o l the coupon®
therefor annexed hereto; such U nited S tates Gold D ollars in every
case to be of the standard of w eigh t and fineness as it existed June 1,
1897.
Both the principal and in terest of this bond are p ayable -without de
duction for an y ta x or taxes which the R ailw ay Com pany m ay be required to pay, or to retain therefrom , under any present or future law
of the United States, or of any State or County or M unicipality therein.
This bond is one of a series of Mortgage Three and One-half per cent
Gold Bonds (coupon and registered) of the Railway Company, issued
and to be issued for an aggregate principal sum not exceeding F ifty
Million D ollars at any one tim e outstanding (of which am ount $43,192.000 of bonds are reserved to take up bonds scoured by prior m ort
gages), under and in pursuance of, and all equally secured by, a mort
gage or deed of tru st dated J une 1,1897, execu ted by the Railway Com
pany to the United States Trust Company ol N ew York aud J ohn T. D ye,
as Trustees of all tits property and franchises of the R ailw ay Company
m entioned in said m ortgage or deed o l trust, to whioh reference is
hereby m ade for a statement, of the property and franchises m ort
gaged, the nature and ex ten t of the security, the righ ts of the holders
of ‘said bonds under the sam e, and of the term s and conditions upon
which said bonds are issued and secured.
This bond shall pass by d elivery unless registered in the owner’s
nam e ott the books of the Railway Company at its office or agency in
the city of NOW York, Atoll registry being noted on the bond by the
Bond Registrar of the Railway Company. After such registration no
transfer shall be valid unless made on the Company's books by the
registered ow ner and sim ilarly noted on the bond, but tho sam e m aybe
discharged from registry by bein g transferred to bearer, and there
after transferability by delivery shall be restored, but this bond m ay
again from tim e to time be registered or transferred to bearer as b e 
fore. Such registration, however, shall n ot affect the n egotiability of
the coupons, which sh all continue to lie transferable by d elivery
merely.
Tim balder m ay also at tits option surrender for cancellation th is
bund, with the coupons for fntorc Interest: thereon, in exch an ge for a
registered bond without coupons, as provided ta said m ortgage or deed
of trust.
This bond shall not, becom e obligatory for any purpose until it shall
have been authenticate,buy Hie certificate, hereon endorsed, of the
Trust Company, one o f the Trustees under said m ortgage or deed of
trust.
In Witness Whereof, the Lake Shorn A. Michigan Southern Railway
Company hu.ft caused these presents to be signed by its President or
one of its Vice-President!,, and its corporate seal to be hereunto af
fixed, and to be attested by its Secretary or ati A ssistan t Secretary,
aud coupons for said interest w ith tho engravod signature of its Treas
urer to be attached hereto this first day of June, 1897.
T u b L akh Sh o r e & Mic h ig a n So u th er n R a il r o a d Co ,,
By
( L. 3 .]
P resident
A ttest:

Secretary,

J une 19, 1397.]

THE CHRONICLE.

FORM OF INTEREST COUPON', OF WHICH THE FIRST IS TO BE PAYABLE
DEC. 1, 18 9 7 .
$ 1 7 50.
N o .....................
On th e fir st d a y o f ............................ tlie L ak e Shore & M ichigan
S o u th ern R a ilw a y C om pan y w ill p a y to hearer, a t its office or a g e n c y
in th e c ity o f N e w Y ork, N Y ., se v e n te e n 5 0 -1 0 0 d o lla rs, U n ite d S ta tes
g o ld co in , o f th e sta n d a rd e x is tin g J u n e 1 ,1 8 9 7 , w ith o u t d e d u ctio n
fo r ta x e s , b e in g s ix m o n th s ’ in te r e st th en du e on it s M o rtg a g e T hree
an d O ne-h alf P er C en t G old b on d N o .....................
T reasurer.
FORM OF TRUSTEE’S CERTIFICATE.
T h is b on d is o n e o f a ser ie s o f b o n d s d escrib ed in th e w ith in -m en '
tio n e d m o r tg a g e or d e e d o f tr u s t, e x e c u te d b y th e L a k e Shore & M ich
ig a n S o u th ern R a ilw a y C o m p a n y to th e u n d e rsig n e d .
U n ite d S ta te s T ru st C om pany o f N e w Y ork,
T ru stee.
By
FO RM O F R E G IS T E R E D B O N D .

The registered bonds are similar in form to the coupon
bonds but have no coupons attached, both principal and
interest being payable only to the registered holders or their
assigns.

1183

or negotiation thereof, so that each and every bond issued
and to be issued as aforesaid, shall have the same right,
lien and privilege under this indenture.
C O V ENANTS.

And it is hereby covenanted that all such bonds, with

the coupons for interest thereon, are to be issued, and certi
fied, and delivered, subject to the further covenants between
the parties hereto as follows, viz.:
ARTICLE ONE.
ISSU E OF B O N D S L IM IT E D TO $ 5 0 ,0 0 0 ,0 0 0 .

Section 1. The aggregate amount of the bonds issued and
outstanding under this indenture shall never at any one
time exceed the principal sum of $50,000,000.
OF W H IC H AM O U NT $ 6 ,8 0 8 ,0 0 0 D E L IV E R A B L E FO R T H W IT H
TO F U N D IN T E R E S T OF O U T ST A N D IN G OLD BO N D S.

Sec. 3. Of the bonds authorized to be issued, bonds to the
aggregate amount of S6,808,000 shall forthwith be delivered
to the Railway Company; but the Railway Company shall
use all of the bonds so certified and delivered under this
This provision in the bonds is especially important re" section, so far as required, in funding the interest on the
garding bonds held in Pennsylvania, where they are sub outstanding old bonds before the maturity thereof; and ex
cept as so required may use the same for the general pur
ject to a State tax.—E d .
poses of the Railway Company.
P R IN C IP A L A N D IN T E R E S T P A Y A B L E W ITH O UT D E D U C T IO N
FO R A N Y U N IT E D STA TES, STA TE, COUNTY
OR M U N IC IPA L T A X.

P R O P E R T Y C O N V E Y E D —R A IL R O A D L IN E S.

Now, Therefore , T his I ndenture W itnesseth: That in
order to secure the payment of the principal and interest of
all such bonds at any time issued and outstanding under
this indenture, and the performance of all the covenants
and conditions herein contained, the Railway Company, in
consideration of the premises and of the sum of one dollar to
it duly paid by the Trustees, etc., etc., hereby conveys unto
the Trustees all and singular the railroads, estates, rights,
properties, privileges and franchises described as follows, to
wit:
I . —M a in L in e s o f R a il r o a d O w n e d b y t iik R i il r o a d C o m p a n y .
B uffalo, N . Y ., to C hicago, 111., v ia F r e m o n t a n d N o rw a lk ,
O., an d A d ria n , M ic h ........................................................................... *1T513*74
E ly r ia J u n ctio n , O., to M illb u ry J u n c tio n , O., v ia S an 
d u sk y , 0 .....................................................................................................
1173*24
A ir L ine J u n c tio n , O., to E lk h a rt, In d ., v ia B u tler, I n d ........
V131 ‘10
I I.—B r a n c h L in e s O w n e d b y t h e R a il w a y C o m p a n y .
A sh ta b u la H arb or, O., to O h io -P e n n sy lv a n ia S ta te L in e ..
1133*05
J a c k so n , M ich., to L en a w ee J u n o tio n a n d th en ce to M on
roe, M ic h ....................................................................................................
1171*61
A ir L ine J u n c tio n to c o n n e c tio n w ith D e tr o it M onroe <&

Toledo R R. n ear A le x is................................................................

116*80

T o ta l m a in lin e s and b ra n ch es o w n ed a n d c o n v e y e d ___
I I I .—I n t e b e s t a s L e s s e e in C e r t a in L i n e s .
E rie & K a la m a zo o R R . Co. (lea se o f 18 4 9 ).
T oledo, O., to P a lm y ra , M ich ...........................................................
D e tr o it M onroe <fc T oledo R R. (le a se o f J u n e 2 6 ,1 8 5 6 ).
O hio a n d M ichigan S ta te L in e n ea r A le x is to D e tr o it..........
N o r th e r n C entral M ichigan R R (le a se o f M ay 1, 1897).
L a n sin g to J o n e s v illc , M ich ............................................................
K ala m a zo o & W hite P ig e o n R R. (le a se o f M ay 1 ,1 8 9 7 ).
K a la m a zo o to W hite P ig eo n , M ich ................................................
S w a n C reek Ry. (lea se o f M ay 1 ,1 8 9 7 ).
F rom B ro w n S tre e t to H a m ilto n S tre e t in T oled o, O h io ....

11829*54
1126*30
1155*60
1161*36
1136*54
111*31

T ota l le a se d lin e s c o n v e y e d .........................................................
11181*11
G ran d to ta l o w n ed and le a s e d ............................................................ 111,010*65
N o t e .—2d tra ck , 490*59; 3 d tra ck , 9*63; s id in g s, 719*32;
to ta l, l,2 1 9 * 5 4 m .,m a k in g g r a n d to ta l o f a ll tra ck , 112,230*19.
11 S u p p lie d —n >t in m o r tg a g e .—E d .
a* The le n g th o f th e lin e b e tw e e n B uffalo and C hicago is 540*04
m ile s , b u t in c lu d e d th erein are 26*3 m iles o f ro a d from A ir L ine J u n c 
tio n , O., to P alm yra, M ich., o w n e d b y th e E rie & K ala m a zo o RR. Co.,
an d h eld by th e R ailw ay C om pan y u n d er p e rp etu a l le a se . Said 26*3
m ile s are th erefo re d e d u cted from th e lin e o w n ed (le a v in g 513*74
m ile s as above) and in c lu d e d fu rth er b elo w am on g th e lea sed
lin e s .—E d .
ALSO A L L R O L LIN G STOCK, F R A N C H ISE S, ETC., A P P U R T E N 
A N T TO SA ID L IN E S O F R A IL R O A D .

F ourth All road-beds, rights of way, tracks, side-tracks,
bridges, terminals, buildings, stations, warehouses, car
houses, machine shops, docks, structures, erections and fix
tures, and any and all other property, real or personal, of
every kind and description, now or hereafter acquired by
the Railway Company, for the purpose of any such lines
of railway, branches, terminals and other properties.
F i f t h . All locomotives, engines, cars and other rolling
stock, equipment, machinery and other chattels now owned
or hereafter acquired by the Railway Company for use upon
any of such lines of railway or branches, terminals, or other
properties, subject to the lien of this indenture.
Sixth . All corporate or other rights, privileges and fran
chises which the Railway Company now has, or hereafter
shall acquire, for the construction, maintenance, use or
operation of such lines of railway, branches, terminal or
other properties, or any part thereof; and
Seventh. Any and all the rents, issues, profits, tolls and
other income of such lines of railway, branches, terminal or
other properties, now or at any time hereafter subject to the
lien of this indenture.
A L L OF T H E BONDS TO B E E Q U A LL Y SE C U R E D .

lo have mid to hold in trust , for the equal and proportionate
benefit and security of all present and future holders of the
bonds and interest obligations issued and to be issued
under, and secured, by this indenture, without preference,
priority or distinction as to lien or otherwise of any one
bond over any other bond by reason of priority in the issue

R E M A IN IN G $ 4 3 ,1 9 2 ,0 0 0 TO B E R E SE R V E D TO T A K E U P A N
E Q U A L AM O U NT OF O U T ST A N D IN G OLD BO N D S.

Sec. 3. The remainder of such authorized issue of bonds
to the amount of $43,192,000 shall be reserved, from time to
time to be executed when and as called for by the Railway
Company by resolution of its Board of Directors, for the ex
press purpose of acquiring* by purchase or exchange, or of
redeeming, as hereinafter provided, bonds of the following
four issues, which, as hereinabove set forth, are herein
called “ outstanding old bonds,” viz.:
T lie B uffalo & E rie RR. m o r tg a g e 7% b on d s, d ated
A pril 1, 18 6 8 , an d du e A pril 1, 1 8 9 8 ........................................ $ 2 ,7 0 5 ,0 0 0
L ake Shore R a ilw a y d iv id e n d 7?5 bonds, d ated A pril
1 ,3 5 5 ,0 0 0
1, 1869, and due A pril 1 , 1 8 9 9 .....................................................
L ake Shore & M ichigan S ou th ern R a ilw a y first m o r t
gage c on solid ated sin k in g lu n d 7% b on d s, d a ted J u ly 1,
18 7 0 , and du e J u ly 1 ,1 9 0 0 ........................................................... 1 4 ,4 4 0 ,0 0 0
Second co n so lid a te d gen eral m o rtg a g e 7%
b on ds,
d ated D ecem b er 1 ,1 8 7 3 , an d d u e D ecem b er 1 ,1 9 0 3 ........ 2 4 ,6 9 2 ,0 0 0
The a g g r eg a te p rin cip a l su m o f su ch bon ds b e in g .................$ 4 3 ,1 9 2 ,0 0 0
L IM ITA TIO NS U PO N T H E R IG H T TO IS S U E SA ID $ 4 3 ,1 9 2 ,0 0 0
O F BO N D S.

Sec . 4. The said $43,193,000 of bonds shall be certified and
delivered, from time to time, when and as authorized by
resolution of the Board of Directors of the Railway Com
pany as follows and not otherwise, viz.:
(а) Whenever the Railway Company shall tender any of
said outstanding old bonds, the Trustee shall in exchange
therefor deliver to the Railway Company a like amount of
the bonds hereby secured.
(б) Whenever the Railway Company, on or after the ma
turity of any such outstanding old bonds, or on or after a
date eight months prior to such maturity, shall tender
cash sufficient to purchase the same at par, the Trustee
shall, in consideration thereof, deliver to the Railway Com
pany an equivalent amount at par of the bonds so reserved.
All cash received by the Trustee under this sub-division of
this section shall be applied by it to the purchase or payment
at par of an equivalent amount of the outstanding old bonds
then unpaid.
(c) Every outstanding old bond received by the Trustee
shall by it be stamped with the words “Not negotiable. Held
in trust for the purposes declared in the Three and One-half
per cent Gold Bond Mortgage of the Lake Shore & Michigan
Southern Railway Company, dated June 1, 1897,” and shall
be held by the said Trustee as purchaser, without extin
guishment or impairment of lien, as additional security for
the payment of the bonds hereby secured until not less
than 97 per cent of all such outstanding old bonds,
either shall have been paid and canceled, or shall have
been received hereunder by the said Trustee, whereupon,
on the written request of the Railway Company, the said
Trustee shall cancel and surrender to the Railway Company
all outstanding old bonds then in its possession.
If at the maturity of any such outstanding old bond the
holder shall require the payment and cancellation of the
same, the Railway Company shall execute such instruments
as may be required to vest in the said Trustee, as far as
is practicable, the rights and lien of the holders of the bonds
so paid and canceled.
(d) If, after providing as above prescribed for the purchase
or payment of all sucli outstanding old bonds, there shall
still remain unissued hereunder bonds hereby secured, then,
and in that event, upon being satisfied that sufficient pro
vision has been made for every outstanding old bond, the
said Trustee shall deliver upon the order of the Railway
Company the whole amount of the bonds by this indenture
authorized and secured, and then remaining unissued.
R E G IS T E R E D BO N D S W ITHO UT COUPONS.

Sec. 5. Whenever any coupon bond secured by this in"

denture shall be surrendered for exchange for registered
bonds, the Railway Company shall issue a like amount of
registered bonds, without coupons. Such registered bonds
shall be lor $1,000, or for such multiples thereof as from

1184

THE CHRONICLE

[VOL. L X IV .

easBBssss

ttu- Rftihv.iv Company may prescribe by resolu-

ttaaaf u- R ain! of Directors, fllie Trustee forthwith shall
,
. i the sureMwlered bond anil coupons.
Whenever .tnv »nch registered bond shall be surrendered
for transfer.tue K litw.iy Company shall issue a like amount
',{ nt-» registered bonds tor
or for such multiples of
$j.in*1 0s the Railway Company from time to time may
authorin' by resolution of its Board of Directors; but no
registered bond may be oonverted into a coupon bond.
For a«v exchange of coupon bonds for registered bonds,
aret p>r any transfer of registered bonds without coupons,
the Uailwuv Company, at its option, may make a •charge not
I'xceeditig on- dollar for each new registered bond Issued
upon such exchange or transfer.

OUTSTANDING OLD BONDS TO BE RETIRED AT OR BEFORE
MATURITY.
S e c . t. The Railway Company will pay or will deposit

with the Trust Company, Trustee hereunder, on or before
their respective dates of maturity, all the outstanding old
bonds of the four issues above mentioned. And punctually
it will pay the interest on all such outstanding bonds o'f
said four Issues, not acquired and deposited hereunder. The
Railway Company will not extend the time for payment of
the principal of any of such outstanding old bonds.’

tlOXUs MUTILATED OK DESTROYED MAY BE REPLACED.

S> . a. In case any bond issued hereunder shall become
mutilated or shall lit* destroyed, the Railway Company, in
its discretion, may issue, and the Trustee thereupon shall
deliver, a new bond of like tenor and date, bearing the same
serial number, either upon cancellation of the mutilated
bond and its coupons or upon receipt of satisfactory evidence
of the destruction of mush bond and its coupons, and upon
receipt also of satisfactory indemnity.
RIGHTS HEREBY CONFERRED ARE FOR THE SOLE BENEFIT
OF THE PARTIES HERETO AND TH E HOLDERS
OF BONDS HEREBY SECURED.
S e c . 7. Nothing herein shall be construed to confer upon
any person other than the parties hereto and the holders of
bonds secured by t his indenture any legal or equitable right,
remedy or claim, all covenants, conditions and provisions
being for the exclusive benefit of the parties hereto and of
the holders of the bonds hereby secured.
ARTICLE TWO.
PRINCIPAL AND INTEREST TO BE P A ID PUNCTUALLY, TAX
FREE.

Section 1.—The Railway Company will punctually pay
the principal and interest of every bond secured hereunder,
without deduction from either principal or interest for any
tax or taxes imposed by the United States or any State or
county or municipality thereof, which the Railway Company
may he required to pay or to retain therefrom under or by
reason of any present or future law. When and as paid all
coupons shall forthwith be canceled.
DEEDS OF FURTHER ASSURANCE.

Sec. 2. Whenever required by the Trustees or by either of
them the Railway Company will assign to the Trustees the
interest of the Railway Company in or to all real and perte-na! estate, corporate rights and franchises which it shall
acquire as appurtenant to the railroads or leasehold estates
her-bv mortgaged, and will also execute all and every
ok U further assurances for the better confirming unto the
Trustees all the premises hereby conveyed, or intended so
to tie, as the Trustees shall reasonably require for better
accomplishing t he provisions and purposes of this indenture.
Hut nothing in this indenture expressed or implied shall
be construed to limit the power of the Railway Company,
hereby expressly reserved, to own and hold or to construct
or to acquire other lines of railway or branches or exten
s i o n s or interest therein or other property free from the lien
hereof.
O FFIC E FOR REGISTRATION OF BONDS IN NEW YORK CITY

m * . ;5, The Railway Company will maintain in New York
City a registry olilce for the registering, upon presentation,
• «f»*n bonis and registered bonds issued hereunder.
I pen presentation of any registered coupon bond bearing
a written power to transfer the same executed in a form ap7
crowd by the Railway Company by the registered holder,
for the tune being, such bond shall be transferred upon such
r«gi»ter. Tin- registered holder of any such registered coupon
bond also shall have the right to cause the same to be regis
ter, d as payable to bearer, in which case transferability by
delivery shill be restored, and thereafter the principal of
urh bond shall be payable to any person presenting the
Snemwove registrations and transfers as aforesaid
rii.v, I k; Blade from time to time as desired; and each regis
tration shall be noted by the bond registrar oil the bond.
Any registered bond without coupons may be transferred
W instrument in writing executed by the registered holder,
'<V* !i tii" surrender of such bond and the payment of the
charge for such transfer, in which case new registered
bonds for an equivalent amount will be issued to the trans
fer", , r transferees, as provided in Section 9 of Article One
hereof.
„ ' i to all bonds so registered, the person in whose name
tie same shall be registered shall, for all purposes of this indrntiiry, bt bu rned and be regarded as the owner thereof,
•lid th
ffer payment of, or on account of, the principal
*ii"n bund, if it be a registered coupon bond, and of the
p r in c ip a l a n d in te r e s t , if it b e a registered bond without
hi iff b • made only to, or upon the order of, such
tretstered holder thereof; but such reegiatration
‘
may ba
£mi above provided.
r-i’-ion of any coupon bond shall, however, not re*Ua,n u "' negotiability of any coupon thereto belonging,
but
t v S U C H " - - ....... .
„*V.V' dv
' " 'l* m shan continue to paw by delivery
ftfidsmu remain payable to bearer.

THE RAILWAY COMPANY WILL NOT SU FFER PRIOR CHARGES
TO BE CREATED.

Skc. 5, The Railway Company will not voluntarily suffer
to be created any lien or charge having priority to the lien
of theje presents, and, within three months after the same
shall accrue, it will make adequate provision for the dis
charge of all lawful claims and demands of mechanics,
laborers and others, which, if unpaid, might by law be given
precedence to this indenture as a lien or charge upon the
mortgaged premises or any part thereof, or tha income
thereof.
TAXES, ASSESSMENTS, ETC., TO BE PROMPTLY PA ID .

Sec. 6. The Railway Company will also from time to t ime
pav all taxes, assessments and governmental charges law
fully imposed, the lien of which would be prior hereto.
ALL THE BONDS AND TH EIR PROCEEDS TO BE A PPL IED AS
H EREIN PROVIDED.

Sec, 7. The Railway Company will not dispose of any
bonds hereby secured in any manner other than in accord
ance with the provisions of this indenture, and it will apply
the proceeds thereof for purposes herein prescribed, and for
no other or different purpose.
ARTICLE THREE.
COUPONS PLEDGED APART FROM BOND3 TO H AVE SUBO R
DINATE LIEN.

Sec. 1. No interest obligation belonging to any bond
hereby secured which on and after maturity shall be trans
ferred or pledged apart from its bond shall be entitled to any
benefit from this indenture, except after the prior payment
in full of the principal of all bonds issued hereunder, and of
all interest obligations not so transferred or pledged.
DEFAULT FOR SIX MONTHS, TRUSTEES MAY TAKE POSSES
SION.

Skc. 2. In case (t) of default for six months in the pay
ment of any interest on any bond secured by this indenture,
or in the performance of any of the covenants of the Rail
way Company contained in Section 5 of Article Two hereof,
or (2) of default in the due and punctual payment of the
principal of any bond hereby secured : or (8) of default for
six months in the due performance of any other covenant
or condition herein required to be kept by the Railway
Company after written notice thereof from the Trustees or
from the holders of 5 per cent in amount of the bonds hereby
secured ; thin in every such case the Trustees personally, or
by their agents, may enter upon all or any part of the rail
ways, lands and franchises hereby conveyed, and operate
the same. Upon every such entry the Trustees, at the ex
pense of the trust estate, may maintain and restore and in
sure the rolling stock, tools and m ichinsry and other prop
erty, in connection with said railways, to the same extent
as is usual with railway companies, and likewise may make
all necessary repairs and useful alterations as to them may
seem judicious.
APPLICATION B Y TRUSTEE OF PROCEEDS FROM OPERATING
TH E PROPERTY.

After deducting the expanses of operating said railways,
and of all renewals, additions, betterments and improve
ments, and all taxes, assessments and prior charges, as well
as compensation for their own services, the Trustees shall
apply the income of the railway as follows:
In ease tiUa prineiy d ot the bonds hereby seo u ro l sh all not h ave
beoom-! &ho, to the px.vment of the in terest rem aining In d efault in
the order ot the m aturity of tha Instalm ents o f such Interest, w ith
in terest thereon at the rate of 3># per cen t per umium; such p aym ents
to be m ade ratably to the persons or p arties entitled thereto, w ithou t
discrim ination or preference.
In ease the principal of the bonds hereby seen red sh all h ave b soortte
due by declaration or otherwise, Itrst to th e p aym ent of tho accrued
interest (with in terest thereon a t the rate o( 3 hj piir cen t per annum )
in the order of tho m aturity Of the Instalm ents thereof), and n ex t to the
paym ent o f the principal of ail bonds hereby secured. In ev ery in 
stance snob paym ents shall be m ade ratab ly to the persons or parties,
ontitlod to an eh paym ent without any discrim ination.
UPON DEFAULT FOR S tX MONTH! IN THE PAYMENT OF
INTEREST. THE TRUSTEE, ON REQUEST OF A MAJORITY
OF THE BONDS, SHALL DECLARE THE PRINCIPAL DUE.

Seo. 8. In case of default for six months iu the payment
oE any interest on any bond hereby secured, or in the per
formance of any of the covenants of the Railway Company
contained in Section 5 of Article Two hereof, then, upon the
written request of the holders of a majority in amount of
the bonis then outstanding, tin Trustee, by notice in writ
ing delivered to tha Railway Company, shall declare the
principal of all bonds hereby secured to be due and payable
immediately. But if subsequently all arrears of interest,
with interest at the rate of %% per cent per annum on over
due instalments of interest, shall either be paid by the Rail
way Company or be collected out of the mortgaged premises
before any sale of the mortgaged premises, then the holders
of a majority in amount of the bonds hereby secured then
I outstanding, by written notice to the Railway Company

J une 19, 1897.]

THE

C H R O N IC L E

lie s

an d to the Trustee, may waive such default and its conse Receiver of the premises, with such powers as the Court
quences.
shall confer.
U P O N D E F A U L T F O R S IX M O N T H S T H E T R U S T E E M A Y S E L L
T H E P R O P E R T Y A T A U C T IO N O R I N S T I T U T E F O R E 
C L O S U R E O R O T H E R S U IT S .

Sec. 4. In case of default made and continued as specified
in Section 2 of this article, the Trustees (a) may sell to the
highest and best bidder, all and singular the mortgaged
property and premises, franchises, interests and property of
every kind, in one lot and as an entirety, unless a sale in
parcels shall be required under the provisions of Section 6 of
this Article, in which case such sale may be made in parcels
as in said Section provided. Said sale or sales shall be made
a t public auction at such place in the city of Cleveland, in
the State of Ohio, or a t such other place, and at such time
and upon such terms, as the Trustees may fix and briefly
specify in the notice of sale to be given as herein provided.
Or (6) immediately upon the expiration of the six months in
the two cases so indicated, and immediately upon default
in payment of principal, in the other case, the Trustees may
proceed to protect and enforce their rights and the rights of
bondholders under this indenture, by a suit or suits inequity
or a t law, whether for the specific performance of any cov
enant or agreement contained herein, or in aid of the execu
tion of any power herein granted, or for the foreclosure of
this indenture, or for the enforcement of any other appro
priate legal or equitable remedy, as the Trustees, being ad
vised by counsel learned in the law, shall deem most effec
tu al to protect and enforce any of their rights or duties
hereunder.
T R U S T E E S M U S T T A K E A C T IO N W H E N R E Q U E S T E D B Y
P E R C E N T IN IN T E R E S T O F T H E B O N D H O L D E R S .

25

P R IO R TO D E F A U L T T H E C O M PA N Y M A Y S U R R E N D E R
P O S S E S S IO N T O T H E T R U S T E E .
S e c . 17. The Railway Company, at any time before full
payment of the bonds hereby secured, and whenever it shall
deem expedient for the better security of such bonds, al
though there be then no default, may, with the consent of
the Trustees, surrender to the Trustees full possession of the
whole or any part of the property, premises and interests
hereby conveyed, for any period, fixed or indefinite. The
Trustees, shall thereupon manage the property in accordance
with the provisions of this indenture, and shall apply the
income thereof as provided in Section 2 of this article. Upon
application of the Trustees and w ith the consent of the
Railway Company, a Receiver may be appointed to take
possession of the property, with all the lights and duties by
this section conferred upon the Trustees.
R E Q U E S T O F 25 P E R C E N T O F T H E BO N D S N E C E S S A R Y
R E Q U IR E A C T IO N H E R E U N D E R .

TO

S e c . 18. No holder of any bond or coupon shall have the
right to institute any action in equity or at law for the fore
closure of this indenture or for the appointment of a receiver
or for any other remedy hereunder unless the holders of 25
per cent in amount of the bonds hereby secured and then
outstanding shall have made w ritten request of the Trustees
and shall have afforded it reasonable opportunity to exercise
the powers hereinbefore granted ; it being intended th a t no
holders of bonds or coupons shall enforce any right hereun
der except in the manner herein provided, and for the equal
benefit of all holders of such outstanding bonds and coupons.
R E M E D IE S C U M U L A T IV E .

Upon the w ritten request of the holders of 25 per cent in
S e c . 19. Except as herein expressly provided to the con
amount of the bonds hereby secured, it shall be the duty of trary, no remedy herein conferred is exclusive of any other
th e Trustee, when indemnified as hereinafter provided, to remedy, but every such remedy shall be in addition to every
enforce the rights of the bondholders as aforesaid.
other remedy existing at law or in equity or by statute.
H O L D E R S O F 7 5 P E R C E N T O F T H E O U T S T A N D IN G B O N D 8
S H A L L H A V E T H E R IG H T TO D IR E C T T H E M E T H O D S
O F F O R E C L O S U R E A N D O T H E R P R O C E E D IN G S .

N O D E L A Y S H A L L IM P A IR R IG H T S A R IS IN G F R O M D E F A U L T .

S e c . 20. No delay to exercise any right arising from any
default shall be construed to be a waiver of any such default.
S ec. 5. The holders of 75 per cent in amount of the bonds
hereby secured and then outstanding shall have the right to
ARTICLE FOUR.
direct and control the method and place of conducting all
proceedings for any sale of the premises, or for the fore I M M U N I T Y O F O F F I C E R S , D I R E C T O R S A N D S T O C K H O L D E R S
No recourse under any obligation of this indenture, or of
closure of this indenture, or for the appointment of a re
any bond or coupon hereby secured, shall be had against any
ceiver, or of any other proceedings hereunder.
incorporator,
stockholder, officer or director of the Railway
S U N D R Y P R O V IS IO N S R E G A R D IN G F O R E C L O S U R E S A L E .
Company.
S ecs. 6 TO 12. The property hereby mortgaged shall be
ARTICLE FIVE.
sold in one parcel unless the holders of a m ajority in amount
of the bonds hereby secured then outstanding shall in w rit
PR O O F O F BEQ U ESTS O F BO N D H O LD ERS.
ing request the Trustees to cause said premises to be sold in
This article provides methods of proving the execution of
parcels, in which case the sale shall be made in such parcels requests and other instrum ents by bondholders and of the
as may be specified in such request or petition, or unless ownership of bonds by persons executing the same.
such sale as an entirety is impracticable by reason of some
statute or other cause ; and this provision shall bind the
ARTICLE SIX.
parties hereto and each and every of the holders of the
RELEA SES OF M ORTGAGED PR O PER TY .
bonds and coupons hereby secured or intended so to be.
S e c . 1. Upon the w ritten request of the Railway Company,
Notice of any such sale shall be sufficiently given if
advertised in a newspaper once a week for four successive approved by resolution of its Board of Directors or Execu
weeks in New York, Buffalo, Erie, Detroit, Cleveland, tive Committee, the Trust Company, Trustee, from time to
time, but subject to the conditions and limitations in this
Elkhart and Chicago.
The proceeds of any such sale shall be applied as follows : Section prescribed, and not otherwise, shall release from the
lien and operation of this indenture any part of the m ort
F i r s t —T o t l i e p a y m e n t o f t h e e x j ie n s e a o f s u o h s a l e , i n c l u d i n g a
gaged premises then subject thereto; provided (1), th at no
r e a s o n a b le c o m p e n s a tio n to th e T r u s te e s a n d o f a ll e x p e n s e s in c u r r e d
b y t h e m In m a n a g i n g t h e p r o p e r t y , a n d a l l t a x e s o r p r i o r l i e n s , e x c e p t part of the lines of track or of the rights of way shall
t h o s e t o w h ic h s u c h s a l e s h a l l h a v e b e e n m a d e s u b j e o t .
be released, unless the same shall no longer be of use in the
S e c o n d —T o t h e p a y m e n t o f t h e w h o le a m o u n t t h e u o w in g u p o n t h e
operation of any of the mortgaged lines of railw ay; and no
b o n d s h e re b y s e c u re d to r p r in c ip a l a n d in te r e s t, w ith in t e r e s t a t th e
part of such lines of track or rights of way shall be so re
r a t e o f 3>e p e r c e n t p e r a n n u m o n t h e o v e r d u e i n s t a l m e n t s o f i n t e r e s t .
I n - c a s e s u c h p r o c e e d s s h a l l b e i n s u f f ic ie n t t o p a y i n f u l l t h e w h o le
leased if thereby the continuity of the lines of railway of the
a m o u n t so d u e , th e n to th e p a y m e n t o f s u o h p r in c ip a l a n d in te r e s t,
Railway Company shall be broken; and (2) th at no part of
w ith o u t p r e f e r e n c e o r p r io r ity o f p r in c ip a l o v e r in te r e s t, o r o f in t e r e s t
o v e r p r i n c i p a l , o r o f a u y i n s t a l m e n t o f i n t e r e s t o v e r a n y o t h e r i n s t a l  the mortgaged railways or other property shall be released
m e n t o f i u t e r e s t , r a t a b l y , to t h e a g g r e g a t e o f s u c h p r i n c i p a l a n d i n t e r 
hereunder, unless at the time of such release it shall no
e s t ; s u b je o t , h o w e v e r , t o t h e p r o v i s i o n s o f S e c t io n 1 o f t h i s a r t i c l e .
longer be necessary or expedient to retain the same for the
B O N D S A N D C O U PO N S M A Y B E U S E D IN S E T T L E M E N T .
operation, maintenance or use of such lines of railway, or
S ec. 13. At any sale hereunder the purchasers in making fo*- use in the business of the Railway Company.
No such release shall be made unless the Railway Com
paym ent shall be entitled to turn in any bonds and any ma
tured and unpaid coupons hereby secured, estim ating the pany shall have contracted to exchange for other property
value of such bonds and coupons at the sum payable out of or to sell the property so to be released. The proceeds of
the net proceeds of such sale to the holders thereof as their any and all such sales, and all moneys received as compen
sation for any property subject to this indenture taken by
ratable share of such net proceeds.
exercise of the power of eminent domain, shall be set apart
T H E T R U S T E E S M A Y R E C O V E R JU D G M E N T O N B E H A L F O F
and applied, with the approval of the said Trustee, to the
A LL T H E BO N D H O LD ERS.
purchase of other property, real or personal, or in better
S ec. 14. In case of default in the payment of principal or ments
of or improvements upon any part of the mortgaged
interest when due, the company covenants on demand to
remises. Any new property acquired by the Railway
pay the full amount so owing, with interest thereon at
ompany to take the place of any property released here
per cent, and in case of failure so to do the Trustees shall be under,
ipso facto, shall become and be subject to the lien of
entitled to recover judgm ent.
this indenture as fully as if specifically mortgaged hereby ;
C O M P A N Y W A I V E S A L L R I G H T S U N D E R E X T E N S I O N , V A L U  but, if requested by the said Trustee, the Railway Company
A T IO N A N D R E D E M P T I O N L A W S .
will convey the same to the Trustees, by appropriate deeds,
Sec. 15. The Railway Company will not take advantage of upon the trusts and for the purposes of this indenture.
any stay or extension, valuation or redemption law now or
ARTICLE SEVEN.
a t any time hereafter in force, and it will not hinder the
execution of any power herein granted to the Trustees.
L I A B I L I T Y O F T R U S T E E S .— R I G H T T O R E Q U I R E I N D E M N I T Y
S e c . 1. The Trustees shall not be answerable for the de
R E C E IV E R M AY B E A P P O IN T E D ON C O M M E N C E M E N T O F
J U D IC IA L P R O C E E D IN G S .
fault or misconduct of any agent or attorney appointed by
them
or by either of them in pursuance hereof, if such agent
S ec. 16. Upon commencement of any judicial proceedings
to enforce any right of the bondholders under this indenture, or attorney shall have been selected with reasonable care ;
the Trustees shall be entitled to exercise the right of entry or for anything whatever, in connection with this trust, ex
Sm9
h erein conferred, and to secure the appointment of a cept willful misconduct or gross negligence.

g

l HE CHRONICLE.

1

Xh>- ru-t< •••>shall not be under nay obligation to take any
. under Ukelv to involve expense miles* the bond
holder sbrail furnish It reasonable indemnity. Nor shall

i£ k e

[/ OL. LXIV*

C o m m e r c ia l

IJ tm e s ,

tfit* Trustee* bt required to take notice of any default hereCOMMERCIAL
EPITOME
hol’lr-ts of at h a*t 5 per cent in amountof the bonds hereby
F
Night, June 18, 1897.
iht-n otttstuniling. or to take any action in respect There have been no really new developments in the general
at aay default unless retyuested to take action iu respect business
situation the past week, 4s midsummer approaches
tl„ r,;,{ s,v a writing signed by the holders of not less than the tendency
in many lines of trade is toward dulness ; still
*5 per cent it* amount of the bonds hereby secured then
the confidence among merchanls has continued to steadily
nii !«<r unit's* notified in writing of noli default by the

r id a y

outstanding.
jp r s r n *

M v v B B R E M O V E D B Y I I 0 1 . d e It "1 O F 7 5 P E R C E N T
IN A M O U N T O F T H E B O N D S .

Sec. The Trustees may be removed at any time by an
instrument in writing sighed by three-quarters in amount
of tii. holders of the bonds then outstanding
A P P O IN T M E N T O F N E W T R U S T E E .

-I. A new Trustee may be appointed by the holders
of a majority in amount of the bonds hereby secured and
then outstanding by instruments in writing. The Railway
Couij«nv, however, may appoint a Trustee to fill such
va.-sney* until a new Trustee shall be appointed by the bond
holders". or ns hereinafter authorized. Notice of such ap
pointment by the Railway Company shall be advertised for
six successive weeks in New York, Cleveland and Chicago,
and buy- new Trustee so appointed shall immediately be
superseded by a trustee appointed in the manner above pro
vided by the" bondholders prior to the expiration of six
months after such publication of notice.
Z.Everv such Trustee appointed in place of the United States
Trust Company of New York, or its successor in the trust,
shall always be a trust company in good standing, doing
business in the city of New York, and having a capital and
surplus aggregating at least .$‘3,000,000, if there be such a
trust company willing and able to accept the trust upon
reasonable or customary terms.
S

ec.

A D D IT IO N A L T R U S T E E S .

Sec. -1. This section provides that an additional trustee or
trustees may be appointed with subordinate powers, in case
at any time such additional trustee or trustees shall be
necessary to conform to the laws of any State.
ARTICLE EIGHT.
P E A C E A B L E P O S S E S S IO N — R E L E A S E O F M O R T G A G E .

t. Tin; Railway Company shall have the right toretain possession of the" mortgaged property until default.
Sec, *2. Upon payment of all the bonds hereby secured the
mortgage shall be released.
ARTICLE NINE.
S ec.

ALT. COVENANTS H E R E IN TO BIND ANY SUCCESSOR COMPANY.

Se . 1. All the covenants herein by or in behalf of the
Railway Company shall bind its successors and assigns,
whether so expressed or not.
CONSOLIDATIONS P E R M IT T E D .

Sec. 2, This section authorizes consolidation, merger or
sale of the mortgaged premises as an entirety with, or to, any
other corporation, provided that the transaction shall not
impair the lien of this indenture, and that the successor
corporation shall assume the bonds and the due and punc
tual performance and observance of all the covenants of
this indenture.
RIGHT OF SUCCESSOR CORPORATIO N TO ISS U E BONDS
H E R E U N D ER .
s e c , 3. In case the Railway Company shall be consoli*
dated or merged with any other corporation or its property
be sold subject to this indenture, the successor corporation
upon executing an indenture satisfactory to the Trustee, as
suming said bonds and the performance of all the covenants
of this indenture, shall be substituted for the Railway
Company, and thereupon it may issue, either in its own
name or in the name of the Railway Company, any or all
of such bonds which shall not theretofore have been de
livered subject to all restrictions herein prescribed,

~ Tt •• T auln Wot la's Directory of the Mill Trade and of
Latgi- Buy* r* of Textile Fabrics, just issued, is a book of 380
10Kin it contain* a directory oi all the lextile establiskmt-jji* in the country, with detailed information concerning
c icn mill, what it makes, capacity, etc. All the mills in a
• sty c r town art- group* d together according to location, while
;n another part of the book, alphabetically arranged, tne difkit.de of mills, viz., cotton mills, woolen mills, etc , are
ground by Ibemselvee, Price in board covers, $3; paper
' fr« *2. The "Texiile World,” publishers, 63U Atlantic
«venue* Boston, Ma-s,
‘ Guaranty Trust Co. of New York, having established a
foreign d*partmeot with a London branch, announces that it
, riuw pr. pimd to issue travelers’ letters of credit available
in all pans of the world.
The dividend advertised in tc-lay’s issue by the Real
(:" bP*ny of New York is at the. rate of 7 pci
i i i i iir annum, an increase of l per cent over last year.
, ~
lAsman, 30 Broad Street, has issued under date ol
• L i r e lo his mil'll very interesting monthly sheet, givingquo
Vat.ot's for Unlisted and inactive steam railroad bonds,
—Tbt statement of the Credit Lyonnais oa April 30th wil
*-* found in t ut advertisir g department.

grow, following in the had of the improvement in finan
cial circles. The advices from Washington have con
tinued to report rapid progress m the legislation.on the
tariff bill in the Senate and the prospects of an early
settlement of this question has been no small factor in bring
ing about the improved feeling. The proposed treaty' for the
annexation of the Hawaiian Islands to this country sent to
the Senate by the President has been the subject of much
comment. Indications are, however, that no final action will
be taken on the subject at the present session of Congress,
Advicts from the English markets reporting an improved de
mand for actual cotton have been instrumental in bringing
about a slight advance in futures.
Lard on the spot has been in increased demand from ex
porters, and local refiners have been limited buyers; prices
have advanced, closing steady at 3 85c. for prime Western.
Prime City has had only a limited sale, but prices have held
steady, closing at 3'37J^c. Refined for the Continent has a d 
vanced and the close” was firm at 4 25c, There has be-n
no trading in the local market for lard futures, hut at
the West there has been a demand from shorts to cover con
tracts, despite large receipts of swine, and prices have ad
vanced, closing steady.

DAILTCLO
SINGPRICESOFLARDFUTURES.

J u l y ........................................ 0.

S a t.

3 -9 0

M on.

T u bs.

WeA.

A 00

3*95

3 85

Ih u r.
3*95

F r\.
3*90

Pi rk has had a limited export demand and prices have
ruled steady, dosing at $8 50(g|$9 for mess, $9@$10 50 for
short dear and §9 25@$10 for family. Cut meats have had
ODly a very moderate call, but there has been no pressure to
sell and prices have held steady at
for pickled
bellies, 12®10 lbs. average, 5^c. for pickled shoulders and
for pickled hams. Beet has been quiet and unchanged
at $7@88 for mess, §7 50@|8 50 for packet, $8 50@S9 50 for
family and §12@$14 for extra India mess. Beef hams have
been steady at §23. Tallow has been firm but quiet, closing
at 3J.|Jc. Oleo-atearine has been firm but quiet at 4 l-16@4J.£c.
Lard stearine has advanced, closing firm at 5c. for City, Cot
ton seed oil has sold slowly, but prices have been unchanged
at 23J£@23%c. for prime yellow. Bui ter bas bad a moderate
sale at steady values, closing at 11® 15c. for creamery.
Cbeese has been in fair export demand and firmer at 7@8%c,
for State factory, full cream. Fresh iggs closed easy at \\]4.
@ ll^ c . for choice Western.
Business in the market for Brazil grad* s of coffee has been
dull, and as there has been more pressure to sell prices have
weakened slightly, closing at
for Rio No.
Mild grades
have also sold slowly and there has been an easier turn to
values, closing at 13%c. for good Cucu'a and 25c. for stand
ard Java. The market for contracts has been quiet and prices
have declined under selling by local operators and in sym
pathy with weaker foreign advices. The close was dull and
easier. Following were final asking prices :
June............... 7*00a. I Sept............... 715o. I Deo................ 7*15o.

75gC.

7.

J u l y ....................... 7*05o. O c t ......................... 7 * 1 5 o . J a n . ........................ 7*2 0 o .
A u g ......................... 7*1 0 o . 1 N ov ....................... 7 1 5 o . I F e b ........................ 7 * 2 0 o

Raw sugars have been quiet, as buyers and sellers have
been apart in their views, closing firm at 8J^e. bid for
centrifugals, 66-deg, test, and 3c. bid for muscovado, 89 deg.
test. Refined sugars have had a moderate sate and for the
soft grades prices have been advanced 1 16c., closing at 4j!^c.
for granulated. Teas have been dull and easy.
Kentucky tobacco has received increased attention from
buyers, but only a limited volume of business has been trans
acted. Sales 150 hbds, Seed leaf tobacco has had a slightly
better sale at steady prices. Seles for the week were l.OSO1
cases, as follows: 125 caB**s 1895 crop, N-*w England Havana,
I5@22c.: 800 cases 1895 crop, Zimmers, 15§18c.; 75 cases 1894
crop, Pennsylvania Havana, 12}£*. ; 150 cases 1895 crop, Penn
sylvania Havana, 13^c.; 150 cases 1894 crop, Pennsylvania
seed. 11c.; 150 cases 1895 crop, Gebbards, ll}£e., and 100 cases
sundries, 4@15c.; also 3U0 bales Havana at 75c. to $1, and
200 bales Sumatra at §1 25 to 82.
The demand for Straits tin bat continued fairly active, and
iricts have further advanced, closing firm at 13*85® 13 90c.
Exporters have been fair buyers of ingot copp r at steady
prices, closing at ll@UJ^c. for Lik*». Lead has been in more
active demand, and prices have advanced in r spooss to West
ern advices, closing firm at 3*3533*37^0. for domestic. Soei
ter has been steady at 4*25@4*35c. for domestic. Pig iron has
been quiet but steady at §9 25@12 00 for domestic.
Refined petroleum has »een unchanged, closing at 6*15 \ in
bbls,, 8 65c. in bulk and 6*60c. incases; naphtha quiet at 5 50c.
Crude certificates have been neglected; credit balances have
been steady at 87c. Spirits turpentine has been in moderate
demand and steady at 27%@28e. Rosins have been firm at
$1 75 for common and good strained. Wool has been in fair
demand for the foreign grades and firm. Hops have had a
moderate sale at about steady prices.

THE CHRONICLE.

J un e 19, 1897. J

1187

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
June 18, 1897,
cleared, at the ports named. We add similar figures for
T h e M o v e m e n t o p t h e C r o p , as indicated by our telegrams New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows. Produce Exchange Building,_________
this evening the total receipts have reached 4,711 bales,
ON S H IP B O A R D , NO T C L E A R E D F O R —
against 8,349 bales last week and 9,851 bales the previous
L e a v in g
J u n v 18 a t G rea t
week, making the total receipts since the 1st of Sept., 1896,
O th e r
C o a s t
s to c k .
T o ta l.
B r ita in . F ra n c e . F o r e ig n
w is e .
6,651,539 bales, against 5,174,159 bales for the same period of
1895-6, showing an increase since Sep.l, 1896, of 1,477,370 bales. New Orleans... 2,716 4.524 7,833
304
15,377
35,546

C O T T O N .
F r id a y

R e c e ip ts a t—

S a t.

M on.

N ig h t ,

W ed.

T ues.

T h u rs.

F r i.

107

82

7

119

61

375
5

537

216

207
7

17

4

293

3

Tex. City, Ac.
New Orleans...
M ob ile.............

T o ta l.

755

18
48
67

394
48
2,157
12

76

15

408

1
8
25

25
8
27

Bnmsw’k, Ac.
2

15

3

4

Galveston.......
Savannah.......
Charleston . . . .
M ob ile......... .
N o rfo lk ..........
New Y o rk .......
Other p orts....

N one.

1 ,2 1 2

None.
None.
None
340
1,500

None.
None.
None.
None.
324
None.

1,256
None.
None.
None
100
2,500
1,800

Total 1897...

4,756

6,060

Total 1896...
Total 1895...

7,351
19,110

200

None.
600
None.
600
None.
None.

N one.

2,689

600
200
700
3,164
3,300

7,218
13,765
17,270
4,254
2,776
110,940
20,034

13,489

1,725

26,030

211,803

1,206 26,608
683 12,404

4,054
3,100

39,219
35.297

237,694
417.597

221

Speculation in cotton for fu ure delivery has been quietalthough prices have advanced slightly in response to im.
proved accounts of spot business in the Liverpool market,
41 Saturday prices were slightly lower during early 'Change,
1
2
4
3
11
20
reflec ing easier foreign advioes and favorable crop accounts
76
76
from the South. Toward the close, however, there was some
buying to cover contracts and prices advanced, closing un
731
84
15
66
449
117
changed
to 1 point higher for the day. Monday prices weak
168
168
ened slightly as foreign advices were again easier, and
616
222
3S3
3
Phlladelpli’ a,&e
8
advices from the South reported prospects for the crop as
4.711 favorable. The close showed prices unchanged to 2 points
812
647
911
Tot’ls this week
993
583
765
lower. Tuesday the market turned stronger. Advices from
The foil >wing shows the week's total receipts, the total since the English markets were decidedly better. Manchester
Sept. 1, 1896. and the stock to-nignt, compared with last year. was a more ac ive buyer in the spot market, stimulated
in part by the favorable opening of the monsoon in
S to c k .
1895-96.
1396-97.
R e c tip is to
India, and despite the fact that the weekly report of the Gov
S
i
n
c
e
S
e
p
.
S
i
n
c
e
S
e
p
.
T
h
i
s
T
h
i
s
J u n e 18.
ernment’s Weather Bureau noted favorable progress of the
1897.
1896
W eek.
W eek.
1, 1895.
1,1896.
crop, prices showed an advance of 8 to 11 points for the day.
670 925,870
9,907
11,540 Wednesday the market opened slightly higher, as advices
Galveston...
391 1,338,829
from Liverpool again come stronger and reported an active
..... 112,443
Tex. C..& 0 .
48 112,751
New Orleans
50,923
78,631 business in the spot market there. Subsequently, however,
2,157 2,063,349 10,431 1,736,806
21 195,686
4,454
4,869 realizing sales, prompted by the favorable crop prospects
M ob ile........
12 292,044
induced selling to realize profits, and prices weakened, clos
87,703
33,753
Flo rid a.......
13,765
10,007 ing 1 point lower to 2 points higher. Thursday there was a
Savannah...
991 749,145
408 838,372
1.273 dull market, but on continued firm advices from Liverpool
177,266
346 115,971
Br’ wlok, Ac
1,318
13,523 prices advanced, closing 3 to 4 points higher. Private ad
70 279,735
Charleston..
25 397,989
17,870
vices received from Liverpool stated that while
73,595
77,242
P. Royal, <fec
8
4,998 the bulk of the recent demand in the spot market
25 170,876
3,489
Wilmington.
27 234,428
has come from Manchester spinners, some of the purchases
857
767
Wash’n.Ao.
8,822 have been of Egyptian and Peruvian cotton for shipment to
3,476
N o rfo lk .......
41 703,042
446 336,865
this
country in anticipation of the 20 per cent import duty
82
1
18,611
472 169,063
N’ portN.,Ac.
76
as proposed by the tariff bill now pending. To-day the mar
48,230
59
New York ...
53,147 114,104 115,165
ket opened steady and gradually advanced throughout the
7,700
9,700
640 125,048
Boston........
731 158,284
day, largely on a demand from local shorts to cover con
9,912
48,612
7,303
218
B altim ore...
168
61,897
tracts, stimulated by the small movement of the crop, which
43,130
3,523
44,282
277
8,391
616
PlUladel.,Ao.
is taken as an indication of an early exhaustion of supplies.
T o ta ls ......
4,711 6,651,529 14,669 5,174,159 237,833 276,913 The general feeling over the market appeared to be turning
for the better and this too had a strengthening influence.
In order that comparison may be made with other years, we The close showed prices 4 to 6 points higher. Cotton on the
give below the totals at leadingports for six seasons.
spot has been in moderate demand, principally from spin
ners, and prices were advanced l-16c. on Wednesday. To
1893.
1892.
R eceipts a t— 1897.
1894.
1896.
1895.
day the market was steady, closing at 7%c. for middling
1,574
2,101 uplands.
569
Galves’n Ac,
442
67-•
1,318
8,984
4,517
3,106
2,157
10,431
2,833
The total sales for forward delivery for the week are
New Orleans
21
770
47
769
315 250,100 bales. For immediate delivery the total sales foot
12
M o ld ie ........
2,800
3,636
2,879 up this week 8,821 bales, including 2,706 for export, 4,115
1,607
Savannah...
408
991
1,425
3*605
1,935
2,448 for consumption,-----for speculation and 2,000 on contract.
Chas’ ton, Ac
33
70
98
106 The following are the official quotations for each day of the
25
16
Wllm’ton.Ac
27
20
2,716
2,444 past week—June 12 to June 18.
391
874
41
446
N o rfo lk ......
On the basis of the rates on and off middling as established
335
502
691
897
472
N. News, Ac.
76
5,384
1,471
3,203
3,936 by the Revision Committee, the prices for a few of the
1,540
1,515
All others...
grades would be as follows:____________________________
Pt. Royal, <fec.
W ilm ington___
Wash’ton, Ac.
Norfolk............
Newport N.,Ao.
New Y o rk ........

i ot. this wk.

2

4,711

14,669

15,514

12,069

23.096

19,643

UPLANDS.

Since Sept. 1 6651.529 5174,159 7832,27215870,851 4974,374 7032,849

The exports for the week ending this evening reach a total
o f 29,836 bales, of which 3,208 were to Great Britain, 6,373
to France and 20,253 to the rest of the Continent. Below art
the exports for the week and since September 1, 1896.
E x p o r ts
fr o m —
G a lv e s t o n ........
T e x . C ity , A c..
N ew O r le a n s ..
M o b ile ..............
P e n s a c o la . ..
Savannah —
B r u n s w ic k ....
C h a r l e s t o n ..
P o r t R o y a l. . .
W ilm in g to n ..
N o r f o lk .............
N ’p o r t N .t A c..
N ew Y ork.
B o s to n ........
B a l t im o r e - ...
P h ila d e lp h ia ..
S , F r a n .. A c ....

W e e k E n d i n g J u n e 18, 1897.
E x p o r te d to —
G re a t
B r i t 'n . F rance

G re a t
C o n ti T o ta l
n e n t . W e e k . B r it a in . F r a n c e

6,120
7,685

2.676
201
6
363

256

F ro m S e p t 1, 1890, to J u n e 1 8 ,1 8 9 7
E x p o r t e d to —

6,120

733.885 201,591

7,685

830.193 422,280
143,179
06,782
48,263 15,334
103 347
78,322
71.600
95,431
148,320
6,200
9,052
322.448 35,678
227,911
80,477
8,797
10 497
3.264

7J3

703

8.752

11,684
204
3,117
363

3,112

C o n ti
n e n t.

T o ta l

283,860 1.224.342
21,798
21,798
672.105 1,924.038
37,120 180.299
72,350
5.618
372 543 430,140
21.799 125.130
191.8 9 270.211
71,000
111,363 200,794
40,651 200,074
10.780
1,128
267.892 025.918
3,476 231.386
78,903 109,177
10.947
450
58,895
55,831

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

3,208

6,376

20,262

29,886 2,978,521 688,780 2,172,184 5,839,485

T o t a l, 1896-96.

21,480

397

7,875

29.252 2,178,003 463,949 1,785.058 4.427,070

S at.

F »l.

6%
7%
7%
81,6
85s

6%
73s
7%
f85g
>

M on T ues W ed

T il.

F r l.

7
75s
8
85,6
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M on Tues W ed

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71732
8

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71735*

S at.

611,
75i 6
8
89,.

615,e 615.6 615le
79.6 79.6
7>
715.6 715.6 715.6
814
8 )4
8 I4
815.6 8 13j e 813.6

Good Ordinary.........................
Middling .. ~ .........................
Good Middling.........................
Middling Fair....................
STAINE D .

T il.

611,6 6 %
75,a 738
7 1 1 ,, 7 3 4
8
8*16
89,6 85s

7 1 1 ,6

Middling........................ .........
Good Middling.........................
Middling Fair..........................
GULF.

M 011 X u es W e d

6U,
75, „
7 n i6
8
8»,„

S at.

Middling___~ ..........................
Strict M iddling........................
Good Middling Tinged............

6I,s
75,6
71532
71V

m a r k et

67.6
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7153,
711.6

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711.6

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8

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.

SALES O F SPO T AND CONTRACT.
SPO T M A R K ET
CLO 8ED .

S a t ’d a y .
M onday.
T u esd ay
W e d ’d a y
T h ’d a y ..
F rid a y ..
T o t a l ____

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p o r t.

O on- Specsum p. uVVn

Q u i e t .......................

.. . .

S t e a d y — ...........
S te a d y a t i ^ a d .
S t e a d y ..................

251
776
758
532

1 ,4 2 4
626
465
702
373
525

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

2 ,7 0 6

4 ,1 1 5

S t e a d y ..................

F i r m ............... .

389

Con
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S a le s o f
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....
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1 ,5 2 6
1 ,8 1 6
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S

9
„

C

J une 19, 1S97,]

THE

C H R O N IC L E ,

1189

Q u o t a t io n s f o e M id d l i n g C o t t o n a t O t h e r M a r k e t s .— week, the rainfall being thirty-two hundredths of an iachj
Below are closing quotations of middling cotton at Southern The thermometer has ranged from 70 to 95, averaging 82.
and other principal cotton markets for each day of the week.
Luling, Texas.—It has rained on one day of the week, to the
extent of two hundredths of an inch. Average thermometer
CLO SIN G Q U O TA TIO N S F O R M ID D L IN G COTTON ON—
84, highest 95 and lowest 72.
W eek e n d in o
Ju n e 18.
Columbia, Texas.—There has been only a trace of rain the
M on.
S a tu r .
W ednes. T h u rs .
F r i.
rues.
past week. The thermometer has averaged 80, the highest
G alveston. .
738
7
%
7»te
7*16
7*16
being 90 and the lowest 70.
N ew Orleans
713
7ia
7hs
7he
7he
7Ls
Cuero, lexas.—We have had rain on two days during the
M o b ile.......
7t4
74
714
7H
7H
Savannah...
week, the precipitation reaching eighty-one hundredths of au
714
7H
714
7H
7M
7h
Charleston..
7H
7
1
4
7
H
7M.
7H
714
inch. The thermometer has averaged 84, ranging from 72
Wilmington.
7
7
7ia
713
7h!
7ia
to 95.
N o rfo lk ......
79,6
7®is
7®16
7*16
7®I6
Brenham, Texas.—There has been rain on two days of the
7 U l8
Boston.......
734
7 'h s
7Uie
7Die
B altim ore. .
77
8
778
77s
77s
week, to the extent of thirty-three hundredths of an inch.
7*8
778
Philadelphia
8
71*16
8
8
71*16
*71o16
The thermometer has ranged from 70 to 97, averaging 84.
7=*4
7%
734
Augusta......
73 4
7%
7*4
Fort Worth, Texas.—We have had rain on three days of
Memphis___
73la
7H
7*16
7H e
7316
7*16
the
week, the rainfall being eighty hundredths of an inch.
St. Louis___
7*16
7*16
7*16
7*16
7°16
7*16
Houston___
7%
7*8
7°i6
714
7*16
7*18
The
thermometer has averaged 78, the highest being 93 and
Cincinnati..
7=8
7=8
7*8
7*8
7=8
7=8
the lowest 64,
73s
73a
Lou isville...
73g
7%
7%
73s
Weatherford, Texas.—Rain has fallen on four days of the
The closing quotations to-day (Friday) at other important past week, the precipitation reaching one inch and eightySouthern markets were as follows.
three hundredths. The thermometer has averaged 78, rang
Athens............
61516 N a sh ville......
734 ing from 64 to 92.
73 4 Columbus. Miss
N atchez.........
A tla n ta ...........
7 1 4 Eufaula_______
7
7*16
New Orleans, Louisiana.—We have had rain on three days
Charlotte........
R a leigh .........
77r L ittle R ock .... 67e
7=8
of the week, the rainfall reaching two inches and sixty-two
Columbus. Ga.
Shreveport___
7
7% M ontgomery... 7)4
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. Average thermometer 81..
Shreveport, Louisiana.—Telegram not received.
We give below a statement showing the overland movement
Columbus, Mississippi.—Rain has fallen over a large section
foi the week and since September 1. As the returns reach us
by telegraDh late Friday night it is impossible to enter so of the prairies during the week, but locally the weather has
been dry. The plant is small but promising. The ther
largely into detail as in our regular monthly report, but all mometer
has averaged 80, the highest being 98 and the lowest
the principal matters of interest are given. This weekly 64.
publication is of course supplementary to the more extended
Mississippi.—We have had rain during the week to
monthly statements. The results for the week ending June 18 theLeland,
extent of fifty-nine hundredths of an inch. The ther
and since Sept. 1 in the last two years are as follows.
mometer has averaged 79, ranging from 68 to 93.
1895-96.
1896-97.
Vicksburg, Mississippi.—There has been rain on two days
of the past week, the rainfall being ninety-four hundredths
J u n e 18.
S in c e
S in c e
of
an inch. The thermometer has ranged from 68 to 94,
W
eek.
W eek. S ep t. 1.
Sept. 1.
averaging 81*4.
S h ip p e d —
Little Rock, Arkansas.—There has been rain on one day of
3,005 542,502 the week, the precipitation reaching four hundredths of an
3,563 532,589
1,454 268,409
Via Cairo...................................
1,597 241,459
19,412 inch. Average thermometer 81, highest 93, lowest 69.
Via P a rk er................................
384
326
20,175
2,587
1,681
Helena, Arkansas.—Warm weather is improving crops.
530 135,581 Good rains have fallen in the neighborhood, but some sections
392 135,878
2,527 114,012
1,507 113,814
304
91,977 still need moisture. It has rained locally on one day during
839 115,875
Via other routes, &a.................
the week, the rainfall being eight hundredths of an inch.
8,239 1,146,624 The thermometer has averaged 78'8, the highest being 90 and
8,139 1,219,327
D e d u c t s h ip m e n ts —
1,194 269,937 the lowest 68.
Overland to N. Y ., Boston, <feo..
1,515 312,693
Memphis, Tennessee.—Rain has fallen on two days of the
3,601
72
4,618
48
802
50,581 week, to the extent of fifty-one hundredths of an inch. The
44,105
2,578
rain has been unequally distributed. Crops generally need
2,068 324,119
4,141 361,416
moisture. The first bloom reached here on Wednesday from
6,221 822,505 Bolivar County, Miss., twenty days later than last year and
Leaving total net overland*..
3,998 857,911
three days later than in an average season. The thermometer
’ Including movement by rail to Canada.
The foregoing shows that the week’s net overland movement has averaged 82, ranging from 68 8 to 94 2.
Nashville, Tennessee.—Telegram not received.
this year has been 3,998 bales, against 6,221 bales for the
Mobile, Alabama.—Crop reports are more favorable gener
week in 1896, and that for the season to date the aggregate net
ally,
but rain is needed in some sections. Rain has fallen on
overland exhibits an increase over a year ago of 35,106 bales.
two days of the week, to the extent of one inch and thirty-five
1895-96.
1896-97.
hundredths. Average thermometer 80, highest 93 and low
I n S ig h t a n d S p in n e r s ’
est 70.
S in ce
S in ce
T a k in g s .
W eek. Sept. 1.
W eek. 8 ep t. 1.
Montgomery, Alabama.—Crops have greatly improved. It
has rained on four days of the week, the rainfall being one
14,669
5,174,159
6,651,529
4,711
Receipts at porta to June 18 .
6,221 822,505 inch and seventy-five hundredths. The balance of the week
3,998 857,911
Net overland to June 18........ .
Southern consumption to J une 18 16,000 808,000 15,000 786,000 has been hot. The thermometer has averaged 84, the highest
being 95 and the lowest 73.
24,709 8,317,440 35,890 6,782,664
Tota m arketed..........
Madison, Florida.—There has been rain on one day of the
80,948
t44,465 *7,220
‘ 6,713
Interior stocks in excess.
week, the rainfall reaching fifty hundredths of an inch. The
thermometer has ranged from 73 to 97, averaging 84.
28,670
17,996
Came into sight during week
6,863,612
8,272,975
Total in sight June 1 8 .........
Savannah, Georgia.—It has rained on three days of the
6 , 9 5 5 1,572,128 week, the precipitation reaching one inch and ninety hun
North’n spinners tak'gs to Jane 18 15,937 1,632,105
dredths. The thermometer has averaged 84, the highest
* D e c re a se d u rin g w eek .
t L e s s t h a n S e p t. 1.
being 100 and the lowest 68.
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic re
Augusta, Georgia.—There has been rain on two days, the
precipitation
reaching one inch and fourteen hundredths.
ports from the South this evening are on the whole of a very
The
thermometer has averaged 84 and ranged from 70 to 100.
favorable tenor. Not only has there been needed rain in
S+ateburg, South Carolina.—There has been rain on two
many districts, but the temperature has been higher generally, days of the week, to the extent of ninety-eight hundredths of
and as a result cotton shows much improvement. At a few an inch. The thermometer has averaged 81 "5, the highest
points, however, moisture is desired. Reports from Texas being 95 and the lowest 67.
Greenwood, South Carolina.—We have had rain on one day
are quite satisfactory. Memphis received her first bloom on
of the past week, to the extent of ten hundredths of an inch.
Wednesday, or twenty days later than last year.
The thermometer has averaged 83, ranging from 73 to 93.
Galveston, Texas.—Conditions have been more favorable
Charleston, South Carolina.—We have had rain on four
and cotton has improved since the last report. Much of the days of the week, the precipitation being one inch and twentysix hundredths. Average thermometer 82, highest 96 and
orop is worked out, but some fields still need attention over lowest
69.
the northern portion of the State. The dry weather now
North Carolina.—There has been rain on one day
prevailing is favorable for the crop. We have had only a of Wilson,
the week, the rainfall reaching one inch and ninety-seven
trace of rain during the week. The thermometer has ranged hundredths.
The thermometer has ranged from 68 to 93,
from 79 to 86, averaging 82.
84.
Palestine, Texas.—'There has been rain on five days during averaging
The
following
statement we have also received by telegraph,
the week, the precipitation reaching sixty-nine hundredths of showing the height
of the rivers at the points named at
an inch. Average thermometer 80, highest 92 and lowest 68. 8 o’clock June 17, 1897,
and June 18, 1896.
Huntsville, Texas.—Rain has fallen on three days of the
week, the rainfall reaching seventy-five hundredths of an
J u n e 17, ’97. J u n e 18, ’96.
inch. The thermometer has averaged 82, the highest being 92
Feet.
Feet.
and the lowest 73.
12-1
Orleans......
11-5
Dallas, Texas.—There has been rain on three days of the New
12-5
170
Memphis............
4*2
2-3
week, to the extent of seventy-five hundredths of an inch. Nashville............
04
11-5
Shreveport.........
The thermometer has averaged 78, ranging from 63 to 94.
24*9
20*5
Vicksburg...........
San Antonio, Texas.—We have had rain on one day of the

l HE CHRONICLE.

il« 0
t , . , ; , . ‘..it t o n MOV k »
...

c*,.

!

r* * '

trrtn ii

1 3 .0 0 0 1 3 .0 0 0 3 0 .0 0 0
IT ,0 0 0 1 7 .0 0 0 7 1 .0 0 0
1*4.000 10.000 2 6 .0 0 0
* 1 .0 0 0

**$vf
•fcWX
*9M
* •1 4

S in c e
S e p t. 1.

T h is
W eek .

T o ta l.

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

5 -1 3 .0 0 0 2 8 .0 0 0
7 0 3 .0 0 0 2 0 ,0 0 0
4 5 1 .0 0 0 :3 1 ,0 0 0
7 5 8 .0 0 0 3 5 ,0 0 0

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

Shipm ent* einee Sept. 1.

Shipment* firr the week.
Or*al

R e c e ip ts .

S h ip m e n t * t i m e S e p t. 1.
G re a t ) C o n ti '
B r ita in n e n t.

C cm iinamt* T o ta l.

grades. Car-load lots of standard brand* are quoted at 5J*jC.
for for 1?a lbs , 5.?*c. for 3 lbs. and
for 3!^ lbs. f. o. b. at
New York. Jute butts have been inactive at l -02c. for paper
(juality, 1'2-ie. for mixing and l?^o. for bagging, all to arrive.

Kk o m ALL P o r t s . —T h e r e c e i p t a

knt

o f otton M B o m b a y have been as follows
» w k »nd y e a r , b r i n g i n g the f i g u r e s down t o June 18.
n .w s tr s i
ii-M m o s a iP K K S T s r o s p o o r r e i a * .
S h ip m e n t* th i* w e e k .

Great
B rita in . Continent.

Conti
nent,

Total.

|, 8 (MNKr«*-

2 ,0 0 0
3 ,0 0 0

2 .0 0 0
3 ,0 0 0

6 ,0 0 0
1 1 ,0 0 0

6 1 ,0 0 0
6 9 ,0 0 0

6 7 ,0 0 0
8 0 ,0 0 0

lflM M tt. ■

_
......

......

8 ,0 0 0
1 0 ,0 0 0

1 5 ,0 0 0
9 ,0 0 0

2 3 ,0 0 0
1 9 ,0 0 0

2 ,0 0 0
1 ,0 0 0

0 .0 0 0
1 ,0 0 0

8 ,0 0 0
5 ,0 0 0

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

9 0 ,0 0 0
8 0 ,0 0 0

1 1 5 ,0 0 0
9 6 ,0 0 0

2 ,0 0 0
1 ,0 0 0

8 ,0 0 0
7 .0 0 0

1 0 ,0 0 0
8 ,0 0 0

3 9 ,0 0 0
3 9 ,0 0 0

1 6 6 ,0 0 0
1 5 8 ,0 0 0

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

B r ita in .

__

1 8 9 5 - 9 8 ...

All l&tNBbf*
189M 7*
1 8 9 5 -9 6 ..

T o u i» a —
U m - 9 7 ...
I 8 9 M K 5 .,

KJtPOBTS TO
Shipm ent*
to all Europe
fro m —
A ll o t h e r p o r t*
T o ta l

Total

E U R O P E FR O M A ,

1 8 9 5 -9 6

1 8 9 6 -9 7 .

week.

Since
Sept. 1.

This
week.

1 3 .0 0 0
1 0 .0 0 0

5 4 3 .0 0 0
2 0 5 .0 0 0

1 7 ,0 0 0
8 ,0 0 0

3 3 ,0 0 0

7 4 8 ,0 0 0

2 5 ,0 0 0

T h ts

1 8 9 4 -9 5 .

S in.
Sept.

This
week.

Since
Sept. 1.

7 6 3 .0 0 0
1 9 7 .0 0 0

1 8 ,0 0 0
3 ,0 0 0

4 5 4 .0 0 0
1 3 8 .0 0 0

9 6 0 ,0 0 0

1 9 ,0 0 0

5 9 2 ,0 0 0

ALEX ANORIA RBCKIPTS AND SHIPMENTS.

A lexa n d ria , Egypt,,
J u n e 16.

Be e i p t* i r a n t a w i ___
T a ts w eek .............. ........
S in c e S e p t . 1 .............. .

1 8 9 0 -9 7 .

1 8 9 5 -9 6 .

1 8 9 4 -9 5

5 ,0 0 0
5 ,7 7 6 ,0 0 0

1 ,0 0 0
5 ,2 0 1 ,0 0 0

4 ,5 3 6 * 0 0 0

This
Since
week. Sept. 1 ,
E x p o r t s (b a le # )—
___
T o L iv e r p o o l
T o C o n t i n e n t ! ...........
T o ta l E u ro p e .

This | Since
week. Sept. 1 .

This
Since
week. Sept. 1.

3 1 8 .0 0 0 ' 2 ,0 0 0 3 2 8 .0 0 0
6 ,0 0 0 3 5 9 .0 0 0
3 ,0 0 0 3 1 6 .0 0 0

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

6 ,0 0 0 1 6 7 7 ,0 0 0

5 ,0 0 0 5 9 7 ,0 0 0

5 ,0 0 0 6 4 4 ,0 0 0

M a n c h e s t e r M a r k s t . —Our report received by cable
to-night from Manchester states that the market is firm fo
1oth yarns ami mining*. Mills are generally resuming full
flute. We give the prices for to-day below and leave those
for previous weeks of this and last year for comparison.
1897.

1896.

8*4 lb*. Shirt Ootl’n

8*4 lt>s. S h irt Oott’n

32* Oop. in ir#, common Mid. 32» Oop. ings, common
Mid.
Twist.
Twist.
to fin est.
U pld,
to finest.
Upld.
8. d.

4
4
4
4
4
4

8.

0^96
0 L |» 6
0»«»0
0**«6
OHi-SC
1 *6

d.
7

a.

6

0

ftf
l>«
Shi 44,
ik j
7

6

d.
a. 8 . d, 8 . d.
0 *i 8 »7 7 l t 4 5 ® 6 9
g?l« * 7 710 4
«’ l 0 ®7% 4
683 a 7 % 4
6H ® 7*4 4
6>, « 7 t i 4

5*2356
5 96
4*s ® 6
4 96
4 96

d.
4%
45t 6

9
9
9

3 tie
8*2 329,2
8*2 31=18

Sfa I sland Cotton Movement.
1896-97.

Receipt* to J u n e IS.
Un-ramoAti. . . . . . . . . . . . . . . .
diM -flosttin,
. . . . _____*
Horldii, d se............ .
Total,,

1895-98.

Stock

T h is [ Since
This
Since
w eek.\ Sept. 1. week. S e p t . i. 1897.
71
. ...

83,843
: 10,397
0,733

71 100,973

27
....
27

E uropean Cotton Consumption to J une 1.—We have

received to-day (Friday) by cable Mr. Ellison's figures brought
down to June 1. We have also received the revised totals
for last year and give them for comparts in. The spinners’
takings in actual bales and pounds have been as follows:
October X to J u n e 1.

S re at B ritain.

Kbim i
92,326

7,913

1886

2,459
595
355

9,690 3,409

•*«wo»t8tot th‘; 'v<‘i*k ending tbu> evening reach a total
°r
baler.. of which 193 bales were to Great Britain,___
to 1 nine-* and — to Rovtl, and the amount forwarded
.< irthr-fo m il;nas h, "i; 313 bales, Below are the exports
for the w -k and dnee September 1 in 1896-07 and 1895-96.
i W*46%: S n d in g J u n e 18 Since Sept. 1 , 1896 North’i W. «.
mmHW'ti
__ - -- __ from*-* j Great I Pr*m4
Er’nce
Sin*
Total. BGreat
Total. Week Sept. i
IWpWH a Ac,
rii'n
AC.
S$*TmSifi*h, Ami
15,028 3,176 1 8,201
155 28,623
. . . . . 2,938
•****• ****** 2,933
183 2,158
6,733
t # u
" ’m
" f 26 i x Zj m 7,258 IS ,5 79
11 13,599
1.3.599
...
10*2 3,724
****** 3,822
T«*l
ip 3
103 48,505 10,534 37,0,39
338 37,516
TtppsA 1
.50
50 42,148 7,242 19,390 ......... 39,912

■let* B -'rr* H' lOtNO. dro.-During _>he past we-k there
b#vn ‘
o tv.- d-roaod f r jot* lugging hut no
h i g h e r pi
.7 ’V r;';'ilf"d, the close *bi« evening being at
5|% c. f o f
> h* , vt. for J lbs. and
for standard

Continent.

Total.

F o r 1 8 9 6 -9 7 ,
2,399,000
5,732,0'Ui
3,333, KIO
Takings by sptumvra. ..tml-i500
<80
A verage w eight of bales.lbs
J81-4
T akings in pounds......... . -— 1,199,500,0 «> 1,599,310,000 2,799 310,01>o
F o r 1 8 9 .5 - 9 6 .
2,337,000
2,937,00Takings by sp in n e rs .. .bales
5,304 0 •
499
Average w eight of bales.lbs.
178
187-4
T akings In pounds.................. 1,181.237,000 1,404,031,0 m. 2,585,318,000

According to cue above, the average weight of the deliveries
in Great Britain is 500 pounds per bale this season, against
499 pounds daring the same time last season. The Continental
deliveries average 480 pounds, against 178 pounds last year,
and for the whole of Europe the deliveries average 483'4
pounds per bate against 487-4 pounds last season. Our
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
Oct 1 to J u n e 1

1 8 9 6 -9 7 .

OOOsr om itted

Great
B rita in

Conti
nent.

S p in n e r s ’ sto ck : O c t. 1
Takings t o J u n e 1 ___

24,
2 ,3 9 9

277
1 ,3 9 9 ,

S u p p l y ..........
5 o n 8 n w p t’n , 3 5 w e e k s

2 ,4 2 3 ,
2 ,2 4 0

3 ,4 7 6 ,
2 ,8 3 5 ,

S p in n e r s ’ stook J u n e 1

• A o * n t» r!« 93 pound*.
t Of wm.ir, to v
m 1 398-97. 43.128 bales; In 1895-96, 5 7 ,5 9 i
'<Al<- to 1894 95, *2.393 bates.

d.
d.
U j l i 6 h #7%
H 21 6 % o l h
* 28
97
J ’fiMt 4
9 73v
8 *}« ®73*.
Z 11 6*4
-97*0

[VOL. LX1V

183

1 8 9 5 -9 6 .

Great
B ritat

Coni<
nen

Ton

301
5 ,5 9 8

67
2 ,3 8 2

535
2 ,8 0 8

602
5 ,1 7 0 ,

5 ,6 9 9
5 ,0 7 5

2 .1 2 9
2 ,2 4 0

3 ,3 4 3
2 ,7 8 3

5 ,7 7 2 ,
5 ,0 2 3 ,

641,

824,

189

560,

749,

64,*>
6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0

79, •
7 9 , ’»
7 9 ,0
7 9 ,0
80.
8 0 ,1
8 0 ,0
8 0 ,0

1 4 3 ,0
143 0
1 4 3 ,0
1 4 3 ,0

Weekly C onsum ption,
0 0 * omitted.
In
In
In
In
In
In
In
(n

O c to b e r . . . . . . .
N ovem ber
-----D e c e m b e r .............
J a n u a r y .................
F e b r u a r y _______
M arch . . . . . . . . . .
A p r i l .....................
M a y ... . . . . . . . . . .

6 4 ,0
• 6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0
6 4 ,0
6 4 .0

8 1 ,*
81 0
8 1 ,0
8 1 ,0
8 1 .0
8 1 ,0
8 1 ,0
8 1 .0

145, ’
145, *
1 4 5 ,0
1 4 5 ,0
1 4 5 ,0 ,
1 4 5 ,0
1 4 5 ,0
1 4 5 ,0

1 4 4 .0
1 4 4 ,0
1 4 4 .0
1 4 4 ,0

Domestic exports of Cotton Manufactures.—We give

below a statement showing the exports of domestic cotton
manufactures for April and for the ten months ended
April 30; 1897, and for purposes of comparisou like figures for
the corresponding periods of the previous year are also
presented:
hhuntitics of Manufactures of Jot* Month ending Apr. 30, 10 mos. ending Apr. 30
ton (colored and uncolored)
1897.
1806.
exported to—
1806-97.
1895-90,
United K in g d o m ............ ...yards
iermany ...................
“
Jther countries in Europe —
**
iritish North America . . —
dertco........... ................ ....... **
Central American States and
British Honduras. .. . . .. . . ..
•*
Uuba,...... ............... .
..
Puerto R ico.......... .... — ...
janto Domingo...... .............
Other West mdies............ .
irKentlne Republic..............
4ra*ii . ...... — . . . . . .. . ...... **
Doited States of Colombia...
Other countries in S. Amerioa
China.......... ............. . ........
Brlt-Posses’ns in Australasia **
British East Indies....... .
.
Other countries In Asia and
Ooeanica......... ...................
Hhercountries..... ............
Total yikrdi* of above......
Total values of above.........
lvalue per y a rd ,....................... .
Values of other Manufacture* of
Cotton exported to—
Pnited Kingdom....... ...........
Germany.................... .
Fra n ce ...................... ..............
Hher countries in Europe------British North America....... ..
vtexloo,.......... .
. ... .......
Central American States & British
Plonduras.............. ...... ..............
Cuba,,. ......... .
.................. .
Puerto Rico............................ .
Banto Domingo.........................
'Other West Indies..................
Vrifoafcine Republic...............
Brasil.................
. ....
United States of Colombia......
ether countries in So. America
China......... ................................
British Australasia...................
British East Indies. ............ .
Hher countries la Asia and
Oceanloa.................................... .
* frloa..........................................
’♦her countries..........................

502,204
104,731
95,845
2,374.95i
055,800

717,423 9,643,771 0,335,292
7,202 1,501,234 1,910.737
3,000
201,710
154,950
187,802
573,9.0 1,141,954
1,020.18? 27.324,*19 15,077.523
894,032 4,406,810 5,837,901

1,018,418 1,075,147 9,131.182 10,101,507
50,07<]
251,803
16,200
210.824
10,650
103,682
1,700
392,232
137,801
129,624 1,652,721 1,806.852
781,170 11.790.005 11.807,324
1,2315,3-18
221,196 3,159,830 2,091,660
175,977
993,372 •
;«s,osi
’,024,080 10,634,332
£8 ’,879 5,57 T,73l 5,978.233
652,48-1
1,938,024
•2.060.008
23.020,052 23 212,100
7,087,032 10,124,00(3 20,443,549 48.687,503
74,053
584,593
7It,87H
678,844
300,498
0,OdO 2,869,710 2,143,196
5,228,055
2,027,10(1
l».290

423,031 28,672.640 3,993,412
1,000,260
1*1,756,513
593,255
53,1*41 7,035,732

20,418,520 21,997,881 248,207,030 170,118,687
11,378,782 $1,271,124 $Uy. 15,087 $9,962,059
$0522
$•0578
$0503
$*<>585
$59.07r
86.078
690
2.591
122.075
33,431

$4.4,810
4,197
•414
9,290
118,953
20,91.0

$ *99,00?
175,403
7,54h
41,046
1,105,730
298,723

$314,707
1.48,029
15.703
41,025
1,500,032
210,514

15,827
1,505
350
4.171
6,380
4.040
4*09*
3.719
3 207
1,310
21,27*

15.300
3.175
32
702
11,117
3,112
5,313
3.9ri0
6,875
28,040
21,900
17

198,302
38,530
4,410
28,001
71,73(5
50.298
6 ,047
42,559
45.151
0.021
153.345
3,502

157,594
30,981
6,292
5,055
74,194
31,300
59,153
25->9*8
45,719
1:i5,267
102,315
3,(500

24.036
3,337

32,282
1,518
1,384

305,784.
50,461
0,546

222,380
42,870
11,935

102

1,120

notal value of other manufao
$348,053 $300,032 $3,105,023 *3,248,271
turns o f. . . . . . . . . . . . ................. .
value of all cotton goods §1,720,885! $1,040,160 117.150.708! *13.1»8,930

a ««re«ate

June 19, 1897.]

THE

C H R O N IC L E

G overnment W e e k l y C otton R epo rt . —Mr. W. L. Moore,
Chief of the Weather Bureau of the Agricultural Diparccnent.
m a d e public o q Tuesday the following telegraphic reporfs on
the crop in the Southern States for the week ending: June 14 :
V i r g i n i a . — 'W e a t h e r m o r e f t v o r a b l e a n d s l i g h t i m p r o v e m e i t i n
c o tto n
N o r t h C a r o l in a — G e n e r o u s r a i n s f o llo w e d b v m u c h w a r m e r , s u n n y
w e a t h e r , v * -ry f a v o r a b l e , i m p r o v i n g c o t t o n : c o t c o a f o r m i a g s q u a r e s i n
s o u th p o r tio n .
8o u t h C a r o l i n a — S o m e d a m a g e b y h a i l , w h i c h w a s h e d a n d f l o o d e d
l a n d s ; c o t t o u s h o w i n g m * k e d i m p r o v e m e n t., s q u a d s p l e n t i f u l .
G e o r g i a .— H s u ! e m p e r a i u r e , a b u n d a n t s u s h i n e a n d o c c a s i o n a l
s h o w e r s c h a r a c te r iz e d th e w e e k a n d w o re b e n e fic ia l to g r o w in g o r o o s ;
c o t t o n l o o k in g m u c h b e t t e r a u u i s t a k i n g o n f o r m s a n d l i m b s ; i t is
n o w fre e f r o m lic e .
F l o r i d a - C 01 d i t t o s m o r e f a v o r a b l e i n n o r t h e r n , c e n t r a l a n d
s o u th e r n d ia l ic t s ; c o tto n , th o u g h s m a ll. g e n e ra lL v h e a lt h .
A l a b a m a . - E x t r e m e l v h o t w e * -k , w i t h p a r t i a l s h o w e r * ; w a r m n i g h t s
i m p r o v in g c o tt o n w h ic h is f o r m in g s q u a r e s a n d b e g in n i u g to b lo o m ;
a ll c ro p s D eed a g o o d ra in .
M is s is s ip p i. - te m p e r a t u r e a b o u t n o r m a l; 1 c a l s h o w e rs a t s c a tte r e d
p o in ts g r e a t ly b e n e fite d c r o p s ; c o tto n t a k i n g o n a m o re v ig o ro u s
g r o w t ■. o w i . g t « W a r n e r w e . i 'h r , h >mj f r u i t 1 g w e l l .
L o u i s i a n a .— W a r 11 a m i s h o w e r y w e a t h e r i m p r o v e d t h e c o n d i t i o n o f
a l l c r o p s , p a r i i c u l riy c o t t o a aD d c o r n , t h o u g h f o r m e r c o u ti u u e s s m a ll,
w ith u n e v e n s ta n d s .
A r k a n s a s . - W a r m e r w e a t h e r h a s » e s u lte d io i m p r o v e m e n t iu a l l
o r o p s ; c o tt o n c le a n a n d w e l c u l t i v a t e d a n d c o m m e n c in g to g ro w .
T e n n e s s e e .—s h o w e r s iu e a s t e r n c o u n t i e s a n d p o r ti o n s o f m id d le
s e c t i o n i m p r o v e d c o u d t t i »■ s ; e l s e w h e r e d m u t h i s b e c o m i n g s e r i o u s ;
c o tto n b e m file d b y w a r m e r w e a th e r , c le a n a d w e l l c u lt i v a t e d , b u c
s m a ll.
T e x a s . - C * t to n i m p r o v e d a n d f r u i t i n g g e n e r a l , e x c e p t o ^ e r n o r t h 
w e s t p o r t i o n , w h e r e g r o w t h is s lo w , n o d s o m e r e p l a u t i u g c o n t i n u e s ;
l i c e n o t s o n u m e r o u s b u r s t i l l iD j i r i a g e m p i n s c a t t e r e d l o c a l i t i e s ;
c o tt o n n e e d s w a r m , d r y w ^ a d i r r o v e r n o r t h e r n , w iiile s h o w e r s w o u ld
b e b e n e fic ia l o v e r o t h e r p o itio o * .
O k l a h o m a .— C o t l o u i» i m p r o v i n g .

S tate W e h k ly C otton R epo rts . —
give bolow summaries
of th*- report* for *o weeK emliog Jui •14 issued by the
various S'at-s u i d e r t h e auspices <*f th^ We* her Bureau of
the United S aiea L> pir m - u t o f A 'rtcilliuce, s» far as tney
apply to cotton.
V ir g in i
C o t t o n h a s i m p r o v e d s o m e a n d h <s b e e n c l e a n e d .
N o r t h C a r o l i n a .—T h e w e e k h a s b e e n v e r y f a v r a b ' e .
F in e r a in s
o c c u r r e d tir s t. o t i h e w »-*k. h i d l c t l s b o w e s t h r o u g h o u t , f o l l o w e d b y
f a ir a n d m u c h w a r m e r w e a th e r , c a u s in g g e n e ra l im p r o v e m e n t iu
c r o p s . C o t t o n i 9 f o r m i n g s q u a r e s i n s o u t h e r n p o r t t o is .
S o u t h C a r o l i n a .— C o t r / * ' m a d e f a i r a n d a l t o g e t h e r s a t i s f a c t o r y p r o g 
r e s s d u r in g t h e w e e k . G r a s s t h r e a t e n s t h e c r o p in s o m e lo c a l it ie s ,
b u t t h e p l a n t is o f - o f f l e e n t s iz e , a n d t h e p r e v a i li n g h o t w e a t h e r w ill
e n a b l e f a n n e r s t o k ill g r a s s r e a d i ly , a n d a ls o t h e w e a t h e r b e s t s u it e d
f o r t h e n e v e l o p m e u t . o f coitOD.
G b o r g ia — l h e r e p o r t s r e c e iv e d f o r th e p a s t w e e k s h o w a g e n e ra l
i m p r o v e m e n t i n o r o p s t h r o u g h u t t h e 8t a t e ; e s p e c i a l l y i s t h i s t r u e o f
t h e s o u th e r n d iv is io n , w h e r r s h o w e rs h a v e b e e n m o s t f r e q le n t. T h e
w a r m n i g h ts h a v ^ h a d a m o s b e n e fic ia l i n f l u e n c e o n c o tt o n , w b io li
h a s im p r o v e d v e ry m u c h , a n d in s m e s e c t i o n s is t a k i n g o n lim n s
a n d s q u ares . N o c o m p l a i n t s o f lic e o n t h e p l a n t s r e c e i v e d , a n d c u t 
w o rm s , w h ic h h a v e b e e n so d a m a g in g to c o rn , h a v e a lm o s t e n tir e ly
d i a a p p e a e d . F a r m e r s w e r e w e ll u p w i t h t h e i r w o r k , t h e f ie ld s w e r e
c l e a n , a n d a s a c Dseq1 6' c e t h e r a i n s h a v e d o n e t h e m o s t p o s s i b l e
g o o d . O n th e w h o le t h e g e n e r a l o u tlo o k is m u c h m o re e n c o u ra g in g
th a n It w a s a w eek ago.
F l o r i d a .— N o r m a l t e m p e r a t u r e s w i t h
d e fic ie n t m o is tu r e
over
g r e a t e r p o n i o n o t w e s t r u d i s t r ic t . C o n d itio n s m o re f a v o r a b le iu
n o r t h e r n , c e n t r a l a n d s o u t h e r n d i s t r i c t s . C o t t o n , t h o u g h -‘m a l l , g e n e r
a lly h e a lih v .
A l a b a m a .— T h e w e e k w a s g e n e r a l l y d r y a n d h o t o v e r t h i s s e c t i o n .
S c a t t e r e d s h o w e r * o c c u - t e d in m a n y p o r t i o n s o f t h e S t a t e a u d i n s o m e
lo c a litie s h e a v y r a iu s fel ; b u i th e r e a r e s till m a n y p o r tio n s o f th e
S ta te w h e i th e d io m h re rn in s u n h ? o k e o ; th is a r e a w o u d a p p r o x i
m a t e a b u u i o n e f l f 'h o f t h e S t a t e , w h e r e c r o p s a r e g u t t e r i n g f o r m o i s t 
u r e . C o l t o n h a s n e e n 111 p r o v e d w h e r e f a v o r e d b y s h o w e r s , a u d a s a
w h o l e i s v r> c l e a u a n d h e a l t h y , a u d o n l y n e e d s f a v o r a b l e r a i n s t o
m a k e a n e x c e lle n t s h o w i -v ; th e c ro p h a s b e e n w o rk e d , so f a r , c h e a p e r
t h a n f o r y e a i s , v e r y I’ t t l e e x r a h e l p b e i n g r e q u i r e d ; s q u a r e s a r e
f o r m in g a n d a e w b lo o m " r e p o r te d .
M i s s i s s ip p i .— r e w e e n g a v e a t e m p e r a t u r e w e l l u p t o t h e n o r m a l .
B aiD fall o c c u r r e d i n t h e f o r m o f l o c a l s h o w e r s a t s c a t t e r e d p o i n t s o v e r
t h e S t a t e , w h i c h w e ie v e r y » e n e fic i> tl t o a l l c r o p s r e c e i v i n g t h e m . I n
n e a r l y a ll l o c a l i t i e s w h r e r a i n f e ll c r o p s a r e r e p r r e d to b e in g o o d
c o n d i t i o n ; e l s e w h e r e t h e y a r e s u tF e r i g f o r w a n t o f r a i . C o t t o n h a s
ta k e n o u a m o r- v ig o ro u s g ro w th . o w in g to th • r e tu r n o t w a rm w e a tn e r,
a n d “ s q u a r e s ” a ie r a p id ily fo rm in g . I n th e r iv e r c o u n tie s w h ic h w e re
o v e rflo w e d , g o o d p ro g re s s is b u n g m a d e in c u ltiv a tl g c ro p s j u s t c o m 
i n g u p , a n d t h e o u tio < * k T h e r e i s g e n e a d y f a v o r a b l e .
L o u i s i a n a .— I h e i n c r e a s e i w a r m t h , w i t h t h e s h o w e r s , w e r e h i g h l y
f a v o r a b le c o n d itio n s to a r a p id g - o w th o f th e c o tto n a n d c o rn c ro p s ,
w h ic h s h o w a g e n e ra l a n d m a r s e d im p r o v e m e n t d u r in g p a s t s e v e n
M a y s, a lth o u g h th e c o tto n c o iu io u e s s m a ll a n d b a c k w a r d , w ith u n e v e n
s ta n d s o v e r la g e a r e a s . T h e r a p id f a ll In th e b a c k w t e r o v e r th e
n o r t h e a s t e r n p a r i s h e s p e * m i n e d o f p l a u t i n g t h e o v e r t ! »w e d l a n d s ,
a n d c ro p s o n s u c h o v e rflo w e d la n d s a ir a d y g iv e g o o d p ro m is e
C o t t o n , i n p a r t i c u l a r . Is d o i n g w e l l .
T e x a s .— i h e w e a t h e r w * s g e n e r a l l y f a v o r a b l e f o r a l l f a r m i n g o p e r a 
t i o n s e x c e p t 1b a t s h w e r s d i r i u g t h e l a t t e r p a r t o f t h e w e k d e l a y e d
f a r m w o t k o e r N 01 t h a n d C e n t r a l T e x a s T h e w e a t h e r h a s b^-eu f a v o r 
a b l e f r c o t t o n o v e i E s t T e x a s hi d i l i e s o u t h e r n h *Jf o f t h e S t a t e , w h e r e
t h e c o r r e s p o n d e n t s g e n e r a l l y l e p o r t i h a ' t h e <o n d u i o n o f t n e c r o p i s i m r o v e d a u d t h e e i o p is d o i n g f a i r l y w e l l in o t h e r s e c t i o n s , r i m c o o l l i g h t s
u r lu g th e e a rly p a r t o f ih e w e* k h a d a te n d e n c y to c h e c k th e g r o w th o f
t h e p l a n t , b u t t h e w a r m w e a t h e r t o w a r d t h e l a t t e r p a r t s t a r t e d I t to
g r o w i n g n i c e l y . 8u m e n e e a n d c h e r c o t t o n p e s t s a r e r e p o r t e d f r o m a f e w
s e c tio n s , b u t th e y a re n o t a s n u m e ro u s a s th e y w e re a t la s t r e p o r t, e s 
p e c ia lly o v e r th e s o u th e r n h a lf o f th e S ta te . W a rm a n d d ry w e a th e r
w o u ld g r e a tly im p r o v e th e c ro p o v e r 'o r t h a n d C e n tra l T e x a s a n d
w o u l d e n a b l e f a r m e r s t o c l e a n o u t t h e w e e d s a n d g r a s * ; s o m e f ie l d s i a
th is s e c tio n n e e d in g w o rk b a d h . S o m e a ie s till re - p la n tin g v e r t h e
n o rth e r
p o r t i o o f t h e S t a t e , b u t s e e 1 f o r t h i s p u r p o s e i s s c a r c e 1a
s o m e i o c a l i i i e - . E a r l y c o t t o n Is d o i - g v e r v w e b a n d f r u i t i n g n i o d y o v e r
i h e s o u th e r n a d < e n r r a l p o t io n s o f t h e S t a te , a n d is b e g in n in g to
s h o w s ig n s o f J r u i t in m a o p la c e * o v e r N o r th T e x a s .
A r k a n s a s . N o t w i t h s t a n d i n g t h e d e fic ie n c y o f r a i n f a l l o r o p s a r e n o t
s u f f e r i n g e x c e p t i n l o c a l i t i e s in t h e u p l a n d s . A ll c r o p s a r c i e a u a n d
w e ll c u ltiv a te d
n ito n h a s im p ro v e d - i s n o t so lo u s y , a n d h a s s ta r te d
g r o w i n g ; a n d i s a h e a l t h y c o l o r a n d p r o m i s e s w e il.
T e n n e s s e e .— D i n i n g t h e w e e k g o o d r a i u s f e l l in t h e u p p e r c o u n t i e s
o f t h e e a s t e r n s o tb w j. w h i c h g r t- a M y i m p r o v e d t h e c o n d i t i o n o f g r o v lo g o ro p s iu t h a t p o r tio n o f th e d a te
I n t h e s o u t h e r n a »d e a s t e r n
p o r ti o n s o f t h e m td d l s e c tio n b e n e fic ia l s o o w e r s r e v iv e d to a c e r t a i n
e x t e n t f a llin g c o n d itio n s , b u t w re n o t s u ffic ie n t fo r m a te r ia l o r l a s t 
in g g o o d . In th e m o re n o r th e r n a n d w e s te rn c o u n tie s o f th is s e c tio n ,
a n d i a t h e g r e a t e r p o r tio n o f th e w e s te r n s e c t i o n ,l it tl e o r n o r a in te ll,
a t d t h e d r o u t h i s b e c o m i n g q u i t e s e r i o u s o u y o u n g a id g r o w i n g c r o n s .
T h e w a r m w e a t h e r o f t h e l i t t e r p a r t o f t h e w e * -k w a s b e n e f i c i a l t o t h e
g r o w th o f c o rn a n d c o tto n , p a r tic u la r ly t h e l a t t e r . T h e s e c ro p s h a v e

S

1191

b e e n w e ll c u ltiv a te d , a n d , a lth o u g h q u ite s m a ll f o r t h e s e a s o n , a r e
c le a n , a n d a s a r u le t h r i f t y .
M i s s o u r i — T h e f o r e p a r t o f t h e p a s t w e e k w a s 010I b u t t h e l a t t e r
p a t w a s q ire w * rm a n d , e x c e p t fo r a la c k o f m o is tu r e iu s o m e s e c 
tio n s , w a s t h * b e s t g ro w in g w e a th e r o f t h e s e a s o n .
The ra in f a ll, h o w 
e v e r . W d S g e n e r a l l y l i g h r , a u d o o o r l y d i s t r i b u t e d . 8h - w e r s h a v e f a l l e n
iu m o s t o f t h e s o u t h e r n t n i w e s t e r 0 c m a t t e s b i t t h s y h i v e b e e n v e r y
l o c a l a n d i o m a n y p l a c e s m t h o s e s e c t i o n s r a i n i s b a l l y n e e d id .
O k l a h o m a a n d I n d i a n T e r r i t o r y . —L >c lI s h j w e r s p r e v a i l e d d u r 
in g e a r ly p a r t o f th e w e e k , k ^ e p ia g th e g r o u n d m o is t t a d iu tia e c o n 
d itio n t o r th e g ro w i ig c o p s.
A d e c id e d im p r o v e m e n t is g m o r a l ly
r e p o r t e d i n c o t t o a . Ec i s v e t s m a l l a i d m u c h l a t e r t h a n u s u a l , b u t
d u r in g th e w e e k i t h a s m id s a f a ir g ro w th a u d h ts ta k e a o u a b e t t e r
c o lo r .
s h i p p i n g N e w s . —The exports of cotton from the United
States the past week, as per latest mail returns, have reached
41,547 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
t h e C h r o n i c l e last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.

T o ta l b a le s .
414
N e w Y o r k — T o L i v e r p o o l , p e r s t e a m e r B o v i o , 4 1 4 ......... ..............
T o B u l l , p e r s t e a m e r s C o l o r a d o . 1 .'3 . . . W a k e f i e l d , 1 1 9 2 . . .
1 ,6 1 5
T o v i a u o h e s t e r , p e r s t e a m e r L a i a e l l , 5 2 L u p l a n d a n l *zd
547
S e a I - l a n d ......... .................................................................................................. . .
T o H a v r e , p e r s t e a m e r L a B r e t a g n e , 2 5 6 ................ ...........................
256
T o B r e m e n , p e r s t e a m e r s A i l e r , 3 0 0 ___ K o e n i g i u L u i s e ,
3 ,6 3 9
S a a le , 2 0 0
......................................................................................
4 ,1 3 9
T o H u n b i i r g , p e r s t e a o e r P u r i t , 7 4 3 ..................................................
743
T o a 11 w e r p , p e r s t e a m e r s M a t t e a w a u , 4 6 1 . S t . O u t h b e r t ,
7 1 s* ......................... ......................................................... ...................................
1 ,1 6 6
300
T o B a r c e l o n a , p e r s ' e a m e r G i u s e p p e C » r v a j i , 3 > 0 ........... ........
T o G e n o a , p e r s t e a m e r s G i u s e p p e C o r v a j t 1 5 0 ___ K a i s e r
W i l h e l m I I , 7 o 7 .............................................................. ......................................
857
T o T r i e s t e , p e r s t e a m e r O h a i e a u L a fitA , r>0 J
................... .
500
T o V e n i c e , p e r s t e i m e r C h i t e a u L a f ic e , > 0 47 ..............................
1 ,0 4 7
N ew
k r a - h T o L i v e - p »'»1. > r h
>r C u b a n , 1 , 7 6 7 ................
1 ,7 8 7
T o B r e m e n , p e r s t e a m e r E u r o p e . 5 . 2 5 ! ..................* ........................
5 ,2 5 4
2 ,1 0 0
J o H t m b n u r . p e r s i e u u e r l e o v - u a , 2 , 1 0 0 ............................ ........
T o R o t t e r d a m , p e r 8 e a r n e r T o l e d o , 3 0 0 .................................. ..........
300
T o B a r c e l o u a , p e r s t e a m e r s C a d iz , 1 .0 0 1 ... M i g u e l G a l l a r t ,
.......................
............................................................................................
3 ,8 1 2
2 . 8 iL
T o G e n o a p e r s t e a u i e s M ig u e l G a l l a r t 2 , 7 0 3 . . . T e r g e s t r e ,
2 . 8 u 0 ..............................................
........................................... ......................
5 ,5 0 3
T o T r i e s t e , p e r s t e a m e r T e r v e s t r e , l . l O o .............................................
1 ,1 0 0
T o V e n i c e , p e r s t e a m e r T e r g e s r e , 37*».
.....................................
370
B tu N n w io K — l o L iv e rp o o l, p e r s te a m e r R a m o n d e L a r r iu a g a ,
4 . 1 9 0 ...............................................................................................................................
4 ,1 9 0
Po rt R oyal
To L i v e r p o o l , p e r s t e a m e r W e r n e t h H a l l , 2 , 4 9 1 .
2 ,4 1 1
N * f o l k —T o H a m b u r g , p e r s t e a m e r ----- •------, 9 2 5 .................................
925
B o s t o n - T o L iv e rp o o l, p e r s te a m e r s A r m e n ia n , 5 0 u p la n d a n d
67 S ea Is la n d
G a l l i a , b 7 ..........................................................................
154
T o Y a r m o u t h , p e r s t e a m e r Y a r m o u t h , 1 0 8 ................................ .........
108
B a l t i m o r e — To L i v e r p o o l , p e r s t e a m e r I k b a l , 1 0 3 ..............................
103
T«» L o n d o n , p e r s t e a m e r L o r d E r n e , 3 0 0 ...............................................
300
T o B r e m e n , p e r s t e a m e r B o n n , 1 , 4 0 6 ................ ............. . . . . . . .
1 ,4 0 6
60
P h i l a d e l p h i a — T o L i v e r p o o l , p e r s t e a m e r B e l g e n l a n d , 6 0 ..........
T o ta l

___ — .................................... ........... ................................ ..............................

4 1 ,5 4 7

Cotton freights at New York the past week have been
as follows.
S a tu r .

LI verpool,asked. d .
H av re................... c.
R rem en............... d .
H am b u rg ............ d .
A m sterdam .........c .
Reval, v. Hamb..rf.
Do v. H u ll...d .
B arcelona........... d .
i e u o a .......................d .
Trieste................. d .
A ntw erp.............. d .
G hent, v.A ntw ’p.d.
I O e n ts n e t p e r

M on.

T u ts .

121

121

251

251

12t
2 7 ^ -3 0 1
25 1
25 1
25 1
381
361

251
251
38 i
361

25 1
251
381

25 1
2 l3 2 2 t
251
251
38?

36»

30t

221

22?

28® 30t 233301

T h u rs .

12t

21^221 21®221

22® 241

100

W ednes.

121

254

251

21® 22t 21@22t
25 1
251

33t
36t

22 i

221

28@ 3 0 '

23® 30

*6

*8

*6

*6

5 S3
lb s.

5S?

532

5 S3

F rt

12t

28 3301
°S8

25t
251
381
361

221
2 8 '® 3 0 t
°S2

Liv e r po o l . —By cable from Liverpool w e have the fo llo w in g
statement of the week’s sales, stocks. &c., at that port.
M ay 28.

June 4

J u m 11

J u n e 18.

5 0 ,0 0 0
3 6 ,0 0 0
7 1 ,0 0 0
4 0 ,0 0 0
S a l e s o f t h e w e e k ..............b a l e s .
1,000
1 ,3 0 0
1 4 ,0 0 0
1 ,4 0 0
O f w h i c h e x p o r t e r s t o o k ___
1 ,7 0 0
300
400
1 ,3 0 0
O f w h ic h s p e c u la to r s t o o k ..
4 5 ,0 0 0
3 3 ,0 0 0
3 6 ,0 0 0
5 0 ,0 0 0
S a l e s A m e r i c a n ..................................
9 ,0 0 0
6,000
8,000
10,000
A c t u a l e x p o r t ......................................
5 0 ,0 0 0
4 7 ,0 0 0
4 1 ,0 0 0
5 9 ,0 0 0
F o r w a r d e d .............................................
T o t a l s t o c k —E s t i m a t e d .............. 1 , 1 2 5 , 0 0 0 1 , 0 8 1 ,0 0 0 1 , 0 6 1 , 0 0 0 1 , 0 3 4 , 0 0 0
9 3 4 ,0 0 0
9 1 2 ,0 0 0
886,000
9 7 2 ,0 0 0
O f w h i c h A m e r i c a n —E s t i m ’d
20,000
3 1 ,0 0 0
2 5 ,0 0 0
4 0 ,0 0 0
T o t a l I m p o r t o f t h e w e e k ...........
1 7 ,0 0 0
1 5 ,0 0 0
1 6 ,0 0 0
2 8 ,0 0 0
O f w h l o h A m e r i c a n ....................
5 2 ,0 0 0
S 3 ,0 0 0
5 5 ,0 0 0
4 4 ,0 0 0
A m o u n t a f l o a t .....................................
4 2 ,0 0 0
3 5 ,0 0 0
4 5 ,0 0 0
2 9 ,0 0 0
O f w h i c h A m e r i c a n ....................

The tone of the Liverpool market for spots and futures each
day of the week ending June 18 and the daily closing prices
if spot cotton, have been as follows.
S p o t.

S a tu r d a y M o n d a y.

T u esday.

W e d ’d a y . T h u r s d a y .

F rx d a \.

V ery
little
d o in g .

M o d e ra te
dem and.

S I d . U p l ’d s .

4 332

4^

4 i«

4 1*

4 .0 0 0

4 3 32
8,000

4 332

■
‘a l e s ..............
Spec. & ex p .

12,000

12,000

12,000

1 ,5 0 0

3 ,0 0 0

20,000
6,000

1 ,5 0 0

1 ,5 0 0

Q u ie t a t
p a rtia lly
1 64 a d v .

Q u ie t.

Q u ie t.

S te a d y .

Q u ie t.

S te a d y .

S te a d y .

Q u ie t.

M a rk e t,
1 :4 5 P.

(

1.000

F u tu re s.
S te a d y a t
M a r k e t , ( p a rtia lly
< 4 5 P. M. J 1 -64 d e c .
M a rk e t,
4 p. m.

\

s

S te a d y

S te a d y .

G ood
dem and.

G ood
dem and.

S te a d y a t

1-64 @2-64

S te a d y .

advance.
Q u ie t.

The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.

TH E CHRONICLE,

1192
r y

fk# price* ®r$. :-§4me-M in pence and 64#A~

f SJ-II&mL. a n d

A

01 mtffl*** 4 1-644,

fVoL, LX1V

27m4*; 3 63 mea*# *-xp »rt demand was active, the sales reported amounting to
220,000 bushels N >. 2 mixed closed at 22}fc in elevator and
No. 2 white at 25V£o in elevator.
I
F rl.
T h ar* .
bAlLV CLOSISO PRICES OF KO. 2 MIXED OATS.

W ed.
T ne».
M ls r* n o n ,
/ten# IS $0
S a t.
M an.
7 u es.
W ed.
T h u rs.
F r i.
12% i il:45l 4 ,1:45! 4 1:45 4 1:451 4 1:45 4
# w m It.
22*4 22% 22% 22*8
22%
P. M.jr . StLiF* M-JF.M. P .M . P.M, Jnly delivery............. o, 22
!;i*. it. pp. M.
Rye
and
barley
have
been
held
at
slightly
stronger
prices,
if. d . d .
d.
d.
d.
if - if. if, d ,
d. : d.
but the business transacted has been unimportant.
J a a * .. . . . . . . A 01 4 02 4 01 4 01 A 01 IOC t Oi 4 03 l 03 A 04 4 04 -l104
The following are closing quotations:
1
01 101 04
!
03
A
03
A
03
Joas-Jttty 4 01 4 OS a o t A oo i o t i of
FLOOR,
July.-An* 4 OO 4 Ol 4 OO 4 OO 4 01 i Ol A03 4 02 1 02 4 03 4 08 103
4
00
4
00
3
83
3
63
3
08
A
00
Ang.-dept 3 *U 1 61 3 S t .J 00 3 01 3 62
Fin®.,...............S l i d . $2 i s o 2&5 P a ten t, w in ter.......... $135® 4 00
4 84 3 * 4 3 Si 8 6* 3 57 3 *6 3 58 3 57 f 57 3 57 S u p e rfin e ......... .......... 2 40 3 3 00 City ratlls e x tra s ....... 4 00® -1 70
51 3 51 E x tr a , No. 2 ................ 2 7*®
3AO Bye floor, s u p e rltn e ., 2 1 0 ® 2 6 0
O R 'ftlT . .. 3 4 8-S H 3 4<t 3 43 3 40 3 4i* 3 51 3 50 3 50 3*1 33 40
3 49 E x tr ., Nu. 3................. 3 15®
K o r . i w .. . 3 mm 46 -I 40 3 46 3 47 3 47 3 48 3 48,3 44 3 AS
3 70 Buokwheat flo o r.................® . . . .
3-17
3 -IS 3 48 C l e a r s ................................ 3 4 0 ®
3 41 3 45 3 i t 3 44 3 45 3 4G 3 44 3 47 3 AT
4 « 0 Corn m eal—
3 44 3 45 3 44 3 44 ,i 45 3 46 3 AS 3 AT 3 47 3 47 3 44 3 IS S tra ln iite ..................... 3 85® 410
W estern d io ............ 1 5 0 a 1 7 0
44 3 AS 3 IS P a te n t, s p tln g ............. 3 90® 4 25 B randyw ine........... ISO® 1 8 5
M fc-titk..., 3 45 3 45 3 45 3 45:3 46 3 47 3 AS 3 47 3 17 33 All
3 19 3 49
3
48 i 46 3 4* 3 46j3 47 3 47 3 A!) 3 AS, 3 AS
■ [Wheat
floor
la
sacks
sells
a
t
prices
below
those for barrels.]
April .M*y ,
ORA IK
Wheat—
c.
c. Corn, p e r b ush—
c.
e.
Spring, per b ush... 76 ® SO
West’ll m ixed..
29 ® 32%
B R E A D S T U F F S.
No. 2 m ixed........... 29%® 32
Red winter, No. 2.. 74 %® 70
R d w im er .......... 73 ® s i
W estern y e llo w ... 30
32
F r id a y , J u n e 18, 1897.
Northern, No. 1 .... 77 » 77»8
W estern w h ite ___ 30 » 82
R
y
e
Oats—
Aixeil,
per
bn.
21
®
23‘a
Tljt- home trade has been only a limited buyer of wheat
W estern, p e r h a sh . 36 ® 4 0
h ite ..................... 25 ® 32
flour, its purchases having been confined almost exclusively W
No. 2 m ixed............ 22%® 23%
S tate and J e rs e y .. 38 ® 40
so i .i'buii order--, as few buyers have shown a disposition to No.
2 w hite............ 25%® 26% B arley—W estern.. . . 40 ® 4 4
purchase beyond immediate requirements, For spot holdings,
Feeding.................. 27%® 32
however, sellers have held steady, but winter-wheat flour to
E x p o r t s o f B r e a d s t u f f s , P r o v is io n s , C o t t o n a n d
arrive has been offered with more freedom. Exporters hare P e t r o l e u m . —The exports of these articles during the month

been aiightlv better buyers of tbe low grades for shipment to
the Uidted Kingdom. "City milk have been quiet but steady.
Rye flour has sold slowly, but prices have been without
change, closing at |2 10@2 50. Corn meal has been in fairly
:u:tiv. detv&nd; exporters have been buyers and prices have
advanced slightly, closing steady.
There baa oeen a moderately active speculation in the m ar
ket for wheat futures, but the course of values has been some
what irregular, although at the close prices show a slight ad
vance for tbe we,k, largely due to the tenor of the crop ad
vices received from the West. Saturday prices advanced
slightly, principally on a demand from local shorts to cover
contracts. Monday the market was fairly active and prices
advanced rather sharply, as crop advices, particularly from
the Southwest, were unfavorable and the crop movement at
the West was small ; this stimulated general buying and the
close showed prices ,?g to life, up for the day. Tuesday the
market turned easier. Cable advices were disappointing and
crop advices from the West were more favorable; this induced
selling by longs to realiz-* profiisand prices for the
day showed a loss of ‘a 3tc. Wednesday the market was un
settled. The opening was at a decline under favorable crop
accounts from the interior; then came an advance in response
to stronger foreign advices. Subsequently, however, free
selling by longs resulted in a decline and prices closed %<&%$.
lower for the div. Thursday the opening was lower on crop
news. Later in tbe day, however, large export clearances
from (he seaooard, together with a more active export de
mand and indications that next week’s statement of the
American visible supply- would show a large decrease, stimu
lated a demand from shorts to cover contracts and prices ad
vanced At the close values eased off a irifls showing a de
cline of 3j‘c for near-by deliveries and an advance of
for the dii-tant months. To-day there was a quiet market but
- advanced *4'®^ c. in response to stronger foreign ad
vices. In the spot market shippers were moderate buyers
during the latter part of the week and to-day sales were re
ported of 120,000 bushels No. 1 hard Manitoba and No. 1
Northern Duluth, closing at 78-yc. f. o. b, afloat for No. 1
hard Duluth; "SJj'c. f . 0, b. afloat lor No. 1 hard Manitoba;
di p . for No. 1 Northern Duluth and 76c. f. o. b. for No. 2
red winter August delivery.
DAILT CLOSINO PRICES OF KO. 2 RBb WINTER WHEAT.
Sal.

75%
74%
,,«h 70%
Derembi-r delivery.. .-0. 71%

September delivery.

M on.

77
70
71%
72%

T a ts .

70
75
70%
71%

W ed.

75%
74%
70%
71%

T h u rs.

75 >8
74%
70%
71%

F r i.

75%
74%
70%
72

of May, and the eleven months, for the past "three years
have oeen as follows;
1896-97.

E x y o r ts
fr o m O . S.

M ay.

Q u a n tit ie s
s f h e a t.b u s h .
F l o a r . . .b b ls .

4,969,59-1
843,815

i l M o n th s .
74,773,269
13.045.482

1 8 9 5 -8 6 .
M ay.

1 8 9 4 -9 6 .

11 M o n th s

4,139,430
920,951

M ay.

11 M o n th * .

53,917,082
13,452,198

6,862,2 Lfl 71,2 9 7 ,6 9 4
1,402,47* 13,870,322

W h e a t....b n .
C o r n . .. b o s h .

S ,7 0 4 ,7 rl 186,177,938
11,266,384 163,809,175

8,283,709 114,481,973
8,067,031 91,977,730

13.173,858 133,714,143
4,261,891 2 2,533,225

T o t. b u sh .

21,031,145 299,487,113

16,3 -0 ,7 4 3 206,459.712

17,435,249 150,247,368

VllitlM.

t
t
7 ,5 6 8 900 108,364,903
3 .5 8 3 ,8 3 1 50,530.387
3.13a,899
491,9 9
872.106
8.74S.485
7,038,928
580,131

W h ’t Se flo u r .
C o r n * m e a lB y e .................
O a t s * m e a l.
B a r le y ......... ...

$
6,169,910
2,990,006
89,318
787,7*2
3 7 8 ,81s

t
83,239,426
35,404.801
279,048
3,141,542
2,884.994

*
9,312.836
2.471,591
72.411
11,703

*
8 8,143,159
12,450,406
5.C97
677,184
720,514

177,821,007
146,513,356
226,^32,816
56,077,892

10,400,^34 124,749 811
12.011,335 145,222,430
7.188,613 181,837,165
6,819,489 60,186,495

11,898,401 102,t>08,880
11.971,410 148,027,719
9 ,?3 7 301 199,118.540
4,631,133 40.028,955-

T o t. v a lu e

42.148,601 600,045,671

30,078.271 5 LO,995,001

38,338,805 490.083,680

*Eaeiutiu«

v-fie ,U'i uoirsin all mimthsaufl rears.

B r’d s tu f f s ......
P r o v is io n s * .

C o tto n ...........
P e tr o l’m .A o.

13,087,012
14,071 8-14
9,027,473
6,302,282

N ote .—All the above figures a re based on the m onthly p relim inary
retu rn s issued by the B ureau of Statistics, and oover about 98 p e r c e n t
o f th e to ta l exports.

The movement of breadstuffs to market as indioated in the
statements below is prepared by us from the figures of the
New York Produce Exchange. The receipts at Western lake
and river ports for the week ending June 12, and since
Aug. 1, for eaohof the last three years, have been as follows:
R e c e ip ts a tr C h i c a g o .. .. .
M ilw a u k e e ,
D u l u t h ........
M lr m e a p 'l ls
T o » e d o . .. .. .
D e t r o i t .........
C l e v e l a n d ..
8t. L o u i s . . .
P e o r ia
K a n s a s C ity

W h e a t.

F lo u r .

C orn.

O a ts.

B a r le y .

B b l s . l W b s Bush.GO lbs B u s h . 56 lbs B u s h .3 2 lb s B u s h . 48 lbs
47.006
3,409,490
2,105,328
43,041
181,050
41,600
2w9,000
145,600
15 2 ,80{
39,0 0
499,707
619
553,216
134,270
227,375
895,870
42,460
360,800
1,393
23,809
313,282
551
33,070
54,938
lfi.if'S
3,700
4,783
103.R31
817
950
100.751
367,100
56,861
S3#,SS0
3.750
23,000
311,150
5,850
9.400
2 2 4 ,3 0 )
7,700
143,000
18,300
48,000

T o t .w k . ’97
6 a m e w k . ’96
•Jam e v rk .!95
S in c e d ttp.i*
1 8 9 6-97. . .
1896-96 . . .
1 8 9 4-95 . . .

251,624
22 2 272
212,932

1,502,306
2.405,577
1,477,043

4,987,350
2.239,071
1,133,133

4,119,236
3,967,639
2,126,924

572,075
6 7 5 ,112
102,190

R ye.

BushAOlbs
14,200
15,600

25.05a
3 ,1 0 0

7,520
1,400
3,000

6^89*
86.340*

36,105*

There ha* h.-en a limited amount of activity to the specu10,191,808 151,963,700 145,158,877 157,768.670
6,904,017
httivi. dealings in the market for Indian corn futures and
0,696,403 187,941,599 107,968,391 133,391,307 37.893.5
3,772,31 a
prices have gradually worked higher on the advices from the
138
437,590
74,627,832
10,014,870
83,074,614 31.044.6X2
2,529,174
V, « i reporung prospects for the ne w crops as less favorable
The receipts of dour and gr tin at the seaboard ports for the
and an active export business; this has induced some buying week
ended June 12f 1897, follow:
for investment account, and has also stimula ed a limited de
W h e x t.
O ats.
M c n ir,
Barley,
Rye,
mand from -hurts to cover contract. Report* from abroad R e c e ip t* a t —
a&
hush.
bush,
bush.
bu sh .
b b ti.
840,100 1,421,200
024,950
265,150
116,200.
reporting unfavorable prospects for feed crops has also bad N e w Y o r k . . . . .......... 123.643 356,602
317.771
107.5S6
200
140
55,958
a strength* niog influence. To-day the market was quiet but BM oosnt ot rne..........................
188,399
176.853
489,517
..............
7 ,8 7 5
a l.............
21,763
4 -8 ,0 5 5
•
97,294
steady. In the spot market a large export business nas been P h i l a d e l p h i a .............. 4H ,i46 209.05
882,102
198,046
152.804
6 7 ,8 d9
124.911
trc.i -Acted here and at out-ports, the sal-s for the week RB ica l htimm oonr de ...........
12.946
01.733
13,6 4
..................
2.080
74.620
3* 0
95,111
ftiii',unting to about 1,400,000 bushels. To-day the demand New Orleans*....... , 9,638
197,142
...........
''** !fs?‘ bvtive. The sales included No 2 mixed at 80-V@32c. Norfolk.
60,000
Newport News— ..
2,000
7,807
i ■<>. b. afloat for old and new and 29^@3 >>£c. in elevator.
Galveston..............................
OAItT CLOWN® FRICKS OF JfO. 2 MIXED CORN,
316,087 2.190.460 2,846,"0.3 2.274,039
273,225
T o ta l w eek .
2*0,fcO2 1 .2 07.285 1,028,145 2,076,841
303,300
Bat. Mon. Tuts, Wed. Th ore. F r i. W e e k 1800. . ..
JH&mn*Mtwwtr
29% 20% 2si% 29% 29% 2iiN
.
•KeeelDtft do not. include grain passing through Now Orleans for foreign
29% 30
20% 30% 29% 2h% ports on Through hills of lading
30%
.,*o. .
30%
-v
31% 31% 31% 81% 30
31% Total receipts at ports from Jan, 1 to June 13 compare as
for four years:
' )«t* ter future delivery have been quiet, and the fluctui- follows
~
1806.
189
1895.
1804
of
n* ln priv » have >«•<■n within narrow limits, prices for the PRi oe uc er ip. ts...........
5,602,107
7,001.653
2,807,8C0
....b b ls
7,022.108
-bowing a .light improvement in sympathy with the W heat......... ..bush. •8,203,972
12.138,830
18,143,810
14,299.320
35,109,508
in whnit nod coro and also on oop iaik. To-day Corn . ............. " 89,050,707
27.136,4 8
10.311.521
24,440 977
16.134 905
ttt# .........
*’ 80,923,449
16,140,847
,f*
k—
t
dull and no changes were made in prices In Q
3 044,708
1,605,404
Barley..........
M 5, 07.985
1,403,003
970.559
Rye........... ... ’* 4,033,731
109.069
105,8«!3

I r* and the t.-.me trade have b--. nHiuyers. At the close the

T o t a l g r a in

.148 509,934'

82,4 07,08 S

48,3-27,474

56,114,786"

THE

J une 19, 1897.]

C H R O N IC L E

1198

The exports from the several seaboard ports for the week
ending June 12, 1897, are shown in the annexed statement:

The value of the New York exports for the year to date has
been $5,378,440 in 1897 against $5,070,956 in 1896.
O ats,
F lo u r
C orn,
W h e a t,
R ye,
P e a s,
B a r le y ,
Both the home and export demand for heavy-weight brown
bush.
bbls.
bush.
bush.
bush.
bu sh .
E x to r ts fr o m — bush.
sheetings and drills has again been on a quiet scale. Small
73.988 00 4,059 148,622
681,835
226 85S
N e w Y o rk . . . . 882,009
4.SB5
22,5:34
40,195
8«J,8j 6
320.117
1,330
4,592
orders for quick deliveries have been the rule, and for these
P o r t l a n d ..........
previous prices have been paid. Little has been done for
351.332
10.204
15,982
59,937
10,591
P h i la d e l p h ia ..
586.423
21,034
20,100
72,000
107,143
B a l ti m o r e . ..
forward delivery. In light-weight coarse yarn gray goods
074
N e w O r l e a n s ..
some good sales were recorded early in the week, with an
197,142
2.000
56,000
N e w p ’r t N e w s
upward tendency in prices, but the market is quieter again
197.154
7,032 276.878 ‘ 3 3 ,4 5 i
’ 40,417
M o n tr e a l . . . . 278.888
"89,318
at the close. Demins have been in rather better request
7.S97
G a lv e s to n —
at the hands of the cutting up trades at steady prices;
T o t a l w T t . . l 076.893 2,142.735 137,326 1.052,680 305.807 268,605
98,275
other coarse, colored cottons dull and easy to buy.
............
B a m e t i m e ’9 6 .1,471,468 l,>2v*,217 169,717 1,257.065
79,328
20,087
The destination of these exports for the week and sinoe Bleached cottons are selling to a large extent at
ihe close of the week, but only in the way of
September 1, 1896, is as below.
small individual .transactions; prices are without change.
E x p o r t s fo r
W eek
S in c e S e p t.
W eek
S in c e S e p t.
W eek
S in c e S e p t
Wide sheetings, quil's. cotton flannels and]blankets, and white
1,1890.
1890.
w te k a n d sin c e
J u n e 12.
J u n e 12.
1, 1S96.
J u n e 12.
bush.
bu sh .
bush.
goods, have all been quiet and featureless. Kid-finished cam»
S e p t. 1 to —
bbls.
bbl8.
bu sh .
U n ite d K in g d o m
78.985
959.334 30,725.995 1,364,092 09,95* 403
6,783.847
Dark fancy prints con
751.730
117,559
9,607,5:44
C o n t i n e n t ..............
12.948
755.912 71,310.0 6 brics are firm at 3c. for 64 squares.
H ‘ 869
853,297
54,009
1.472
S A C . A m e r io a .
1*2,070 tinue to sell well. In regular calicoes there has been a reduction
19.947
851,263
20.978
975.337
W e s t I n d ie s ..
231.021
370 663 of J^c. in American indigo blues to 4J^c., and in American
3,125
B r i t . N. A . C o l’s . 13,481
1,090
2C7.781
1,150
904,618
1,760,191
O th e r c o u n trie s ..
black and gray prints to 4t£c. per yard, more in the nature of
Ginghams
137.320
9,629 550 1,070.893 47.352.166 2.142.735 144,563.800 a revision than an actual decline in the latter.
T o ta l
169.717
9,604.405 1,471,468 35,682,171 1.429,217 70,933,933 have continued dull throughout.
T o t a l 1895-06. .
Print cloths have advanced
The visible supply of grain, comprising the stooks in to the basis of 2J£c. for extras, with good sales, and are firm
granary at the principal points of accumulation at lake and at the close.
1897.
1896.
1895.
1894.
seaboard ports, June 12, 1897, was as follows:
S to c k o f P r i n t O lo th i—
J u n e 12
J u n e 13.
J u n e 15. J u n e 16.
W h e a t,
C om •
O a ts
R ye,
B a r le y
303.000
A t P r o v i d e n c e , 6 4 s q u a r e s . 48S,000
172,000
280,000
I n store a t
bush.
bush
bush
bush.
bu sh .
A t F a ll R iv e r , 6 4 s q u a r e s ..
37.000 521,000
2,030,000
1,567.000
N e w Y o r k ....................... 1,123,000
459.000
147.000
^940,0001 970.000
A t F a ll R iv e r, o d d s iz e s ....
578.000
79.000 177,000
28.000
50,000
31,000
9.000
Do
a f l o a t ............
20,000
A l b a n y ........................... .
867,000
B u f f a l o .............................
Do
aflo*at..........
C h i c a g o ........... ............. 4,087,000

30,000
567,000

50.000
850,000

7,134,000

1,900,000

51,000
.......
709,000

M i l w a u k e e ............— . . 130,000
Do
a f l o a t ..........
D a l u t h ............................. , 2,027,000

3,000

6.000

307,000

8,000

928,000

385,000

T o l e d o ...............................

465,000

535,000

96,000

72,000

D e t r o i t . . . .....................

33,000

47,000

19.000

19,000

B t L o u i s .........................

153.000

56.000
475,030

115,000

8,000

C i n c in n a t i .......................
B o s t o n ..............................
T o r o n to ............................
M o n tr e a l
P h i l a d e l p h i a ................

1,000
284,000
83,000
345,000
158,000

8.000
225.000
60.000
563.000
70,000
21,000

1 /0 0
1,000

I n d i a n a p o l i s ..................
B a l t i m o r e .......................
M in n e a p o lis .................
O n M is s is s ip p i R i v e r
O n L a k e s ................ ..
O n can al a n d r iv e r ...
T o ta l
T o ta l
T o ta l
T o ta l
T o ta l

Jun e
June
June
Jun e
Jun e

22,000
131.000
479.000
10.33O.ccc
2,000
963,000
882,000

,

12.1897.22.086.000
6 1897 24 45<',000
13.1890 49.4*0.000
I5.D-95 47,717,000
10 1894 57,100.000

3,000
910,000
21,000
408.000
5,000
143,000
104,000
1,020,000
81.000
123,000
2.149JX 0
1,006,000
10.021.000
14.000,000
9.406.000
10.784,000
7.077.000

37,000
1,000
6.000
130,000
15,000

ibfl.ooo
157,000
211,000
88.000
2,100.000
67.000

30,000
121,000

9,756.000
9.429.000
8 430,000
8,661,000
2,517,000

2,301.000
2,343.000
1,690,000
117,000
240.000

T otal stook (p iec es )....1,423,000

342,000

1.851,000

288,000

978,000

—There has been a fair amonnt of busi
68,066 ness reported this week in men’s-wear woolen and
worsted fabrics in the way of reorders from out
255,000
of town markets but the local demand has again
been limited. Buyers do not find the market an
easy one to duplicate early business in. Many agents are
well Hold ahead on their heavy-weights and have no difficulty
15,000
in securing the full advances in prices made some time ago
on both plain and fancy goods. Some business has also been
l,0 (ir
23,000 done for next spring at full prices, but few sellers are out for
24.00J that season yet, preferring to await che passage of the tariff
46,000
bill. Satioets continue slow, and there has been but an indiffer
ent business in either cottoD warp cassimeres or doeskin jeans.
Overcoatings are being reordered somewhat more freely, and
cloakings still sell fairly, both at steady prices. Flannels are
12,00'
quiet but steady; blankets firm, with a moderate demand.
323,000 Dress goods have continued quiet and without special feature.
2G9,00<
F o r e ig n D r y G o o d s . —Warmer weather has helped the
1 ,5 1 7 ,0 0
1,367.000 cleaning uo business in seasonable lines, with prices showing
878.000 considerable irregularity.
Fail business has continued quiet
118 0<0
85.000 throughout pending the disposal of the tariff.
W

32,000

oolen

G oods

I m p o r ta t io n s a n d W a re lio n s e W it h d r a w a ls o f D r y G o o d s,

THE

DRY

GOODS

TRADE.

New Y ork, F r id a y , P. M., June 18, 1897.
Although very little can be reported in the way of positive
improvement in the market here during the past week, it has
not been difficult to detect a better under-current of sentiment
and a more hopeful view taken of the future. The reports
which come to hand from various outside distrib u 'iD g points
are on the whole quite encouraging. Better weather than at
any previous time since warm weather was due is having its
natural result in accelerating the movement of summer mer
chandise from th e hands of retailers an d of jobbers, and this
has been reflected in a somewhat more liberal supplementary
demand for suitable goods. In the more staple lines
of cottons conditions have not changed, buyers
still maintaining tow ards these an attitude of conservatism.
As a matter ot fact there is no reason why they should at the
present time buy these freely, as supplies in first hands are
full enough to warrant the belief that prices are not likely to
move against buyers for some little time to come at all
events. On the other hand, the general run of sellers are not
preesing their stocks upon ihe market. A weak holder is
occasionally met with, but as a rule previous prices are stead
ily held for. The woolen goods division has shown on the
whole satisfactory results; the re-order demand has been fair
and pric-s firm. Collections have been rather more satisfac
tory during the past ten days.
Domestic Cotton Goods—The exports of cotton goods
from this port for the week ending June 14 were 8,661
packages, valued at $289,905, their destination being to the
points specified in the tables oelow: ____________________
1896.

1897.
N sw

Y o r k to J unk 14.

G r e a t B r i t a i n ____ ___________
O t h e r E u r o p e a n ............................
C h i n a ..................................................
A r a b i a . ..............................................A f r l o a .............. .....................................
w e s t I n d l e e . . . .............. .........
.
M e x l o o ....................................... ..........
C e n t r a l A m e r i c a ................ ..
l o a t h A m e r i c a ..............................
O t a e r O o n n t r l e e ...........................
T o t a l ..............................................
C h in a , v ia V a n c o u v e r * ,...
T o t a l . . . . . . ................... ..

W eek.

S in c e J a n . 1.

208
19
1 ,4 7 8
150
3 ,3 5 7
2 ,5 7 3
106
31
251
421
67

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

8 ,6 6 1
—
8 ,6 6 1

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

* J^romHew England mill points direot.

W e e k . S in c e J a n . 1.
70
440
1 1 ,6 9 1
595
104
174
31
465
897
78
1 1 ,5 4 5
1 4 ,5 4 5

1 ,1 0 5
1 .7 8 5
5 5 ,7 3 0
3 .' 0 7
8 ,5 6 5
8 ,2 7 9
5 ,8 5 2
1 ,3 8 4
4 ,2 9 0
2 1 .3 9 5
1 ,9 4 9
113 341
I 4 ,b 2 3
1 2 7 ,0 6 4

The importations and warehouse withdrawals of drygoods
at this port for the week ending June 17, 1897, and since
January 1, 1897, and for the corresponding periods of las
_______________________________
year are as follows:
B

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I t Si

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Si

1194

THE CHRONICLE.

[ vol, l x t v .

principal will mature at the rate of $3,000 every sis months,
beginning with January 1, 1898, both principal and interest
| being payable at the office of the Treasurer of Ashland
TERMS OF SUBSCRIPTION.
County, No bid for less than par and accrued interest will
irpri.r.MKVT will bs f u r n i s h ' ! w it haul he considered and each proposal must be accompanied by a
The Lvvesi
im rkarip j
y annual sub.Hf-ri! , of t l i 3 C om ttSR-UAT, ceriified check for 10 per cent of the amount bid for. This
w-ue of bonds will constitute the only indebtedness of Ashflf
AND FfNANCU
Iand County. The assess* d valuation for 1896 was $11,280,000
TV- State . i « irv Ht'Pfx.T.MKvr will also b:> furnished and the population at the present time is estimated at about
tfjK t n every subscriber of the GhhM icijE.
w ith o u t r.t '.f i
21, 000.
Th<- Street H a h . w a y SUPPLEMENT will liktnvis; b? furBaltimore. Md.—Temporary Loan.—It is reported that the
Kdirit
charge
to
every
subscriber
of
the
wished m thtn
city of Baltimore recently placed a loan of $600,000 at 2% per
cent
interest.
CHRONICLE.
Bay City, Mich.—Bond Sale —It is reported that the $30,The Qcotat >x Supplkhhxx. issu 'd monthly, will also be
famished wit ■at a u n t ca tt.j: to every subscriber of the 030 of 5 per cent improvement bo. da of B ty City were sold to
E. C. Stanwood & Co. of Boston, The arourities are of the
CiiBoxn i.e .
TERM'S for the Chr >xi 'LE with the four Supplements j denomination of $1,000 each, dated July 1, 1897; interest is
above name! are Ten Dollars within the United States and p tyable annually or semi-annually as the purchaser may
Twelve Dollar- in Europe, which in both cases includes desire, and the principal will mature at the rate of $10,000
per annum from July 1, 1900 to 1902, inclusive.
postage.
_______
Bond Offering.—Proposals will be receiv- d until 7:30 P. M,
Terms of Advertising—(Per inch spare.)
June 28, 1897. by Gro. P. Ambrose, O'ty Comptroller, for the

S t a t e a n d C ity p £ f A f r n v r £ f l T ,

purchase
One n ice ....................
$3
50
I T hree M onths (13 tim
e s )..$25of
00$35,000 of 4 per cent City-H ill bonds. The secur
One Month
. I tim e* ).. LI 00 S ix m onths
(26 tim e s).. -13 00 ities will be ot the denomination of $1,000 *ach. dated July 1,
Two M onths
.s tim es).. 18 00 | T w elve M onths (52 tim e*). 5 8 0 0 1897; interest will be payable annually or semi annually, as
The above te r u« (or ouo m outh an d upw ard* a re (or a ta n . i in s ca rd s.

St . J or i )" i s Attempt at the C ompulsory E e< - I ts Bunks.—An article under the above
caption will be found in our editorial columns to-day,
pages H ill m i d 1102.________________
ti it y mkn r

Bind Proposals and Negotiations this
week have been as follows.

desired, and the principal will mature June 1, 1W2S, both prin
cipal and interest being payable in New York City. Each
proposal must be accomnanied by a ceriided check for $500.
Bay County, ttieh,—Bond Sate.—Tan $100,000 of refund
ing bonds of Bay County were awarded to W. J Hayes &
Sons of Cleveland. The securities bear 4 per cant interest
and will mature in from 25 to 30 years from date of issue.
Beltrami County, M inn—Bond Offering —Prooosals will
be received until June 23, 1897. by the County Auditor for
the purchase of $10,000 to $13,000 of funding bonds. The
bids are to he made on a basis of the bonds bearing 6 per
cent interest and maturing in five years from date of issue,
and 5 per cent and maturing in ten years. Both principal
and interest will be payable at the office of the Treasurer of
Beltrami Countv.
The debt of Beltrami County is less than $16,000 and its
assessed valuation for 1896 is $1,153,000.
Binghamton, N. W—Bond Offering.—Proposals will be
received until 7:30 P. M. July 19, 1897, by Burr W. Mosher,
City Clerk, for the purchase of $50,000 of 4 per cent
City Hall bonds and $20 000 of 3f.j per cent school-im
provement bonds. Both loans will be issued in the form
of coupon bonds of the denomination of $1,000 each,
dated August 1, 1897; interest will be payable semi-an
nually on the first days of February and August, both prin
cipal and interest being payable at the Chemical National
Bank of New York City. The $50,000 of Giiy Hall bonds will
mature at theiyite of $10,000 per annum from August 1,1918
to 1922, inclusive, and the $20,000 of sell mi-improvement
bonds at the rate of $5,000 per annum from August 1, 1923 to
1926, inclusive. The bonded debt of the city of Binghamton,
including these issues, is $500 500. Of this amount $166,001) is
water debt, the principal and interest being payable by the
Water Commissioners from the water rents, the works being
more than self-sustaining and being estimac-d to be worth
$2,000,000. The present population of the cir-v is estimated at
about 43 000 ; its assessed valuation is $17,935,850.
Boston. Mass.—Bond Offering.—Prooostls will be received
until 13 o'clock, noon, June 25, 1S97, by Alfred T. Turner,
City Treasurer, for the purchase of $1,500,000 of 3$^ percent
rapid transit bonds. Tbe loan will be issued in the form of
registered bond certificates of $1,000 or any multiple thereof,
dated July 1, 1397; interest will be payable semi annually on
the firsu days of January and July and the principal will ma
ture July 1, 1937, both principal and interest being payable at
the office of the City Treasurer of Boston. The loan will be
secured by a sinking fund and will be issued $1,000,000 for
the construction of the subway and $500,000 for the Charles
town Bridge.
Brudiiock, Pa.—Bond Election. — The citizens of this
borough will soon vote on a proposition to issue $75,000 of

Alabama.—Funds to Pay July Interok Deposited in New
York George W. Ellis, State Treasurer of Alaba na, in a let
ter of June 11, 1897, to the “Times-Democrat” of New Or
leans fays that suflicient funds are already deposited in New
York City to meet all interest coupons that may be presented
in July. He further states that this is the earliest remittance
•f July interest since he has been connected with the State’s
affairs.
Albany. N. V.—Bonds Proposed.—The Common Council of
Albany has been requested by the Water Board to issue bonds
to the amount of $180,000, or as much thereof as may be re
quired, fur the purpose of purifying the watei supply.
Allen County. I n d Bond Offering—Proposals will be re«ivt-d until 2 (.’click r. M.. Jnue 20. 1897, by Alien County
for the purchase of $325,000 of 4 per cent 25-yetr average
bonds ami $300,000 of 4 per cent 28 year average bonds. The
|3uo,"fti issue is deliverable in 1898.
Ambler. Va.—Bond Sale.—On June 15, 1897, the $16 000 of
bonds of the borough of Ambler were awarded to P. F. Kelly
of Philadelphia at 162-55, The securities are of the denomthation i f >5G), ach, dated July 1. 1897; they bear 4 per cent
•ntu< -t ;u d mature us follows: $2,000 at the rate of $500 per
am um '>< m luly 1, 1801) to 1903, inclusive; $1,000. July 1,
19 ..: N> 0. July 1, 1904: $1,000. July 1, 1903; $500. July 1,
1&U (.. h i ., July 1, 1907; $300, July 1.1908; $7,000 at the
ran- <! $1 (I! a r„ r annum lrom July 1, 1909 to 1915, inclusive;
•1.5* 0 July 1, ,’910, and $1,000 July 1, 1917.
'f be t« tal i>. ruled debt of the borough of Ambler, including
this imic. is $31 300. The assessed valuation for 1897 is $865,OOf! the actual value is estimated at abou $L 500,000.
A»n Arbor, MIch. —Bonds Authorized— The $10,000 of
paving bonds of tin city have been authorized.
Annan, Mu a.—Bond Election, —Oa July 34, 1897, the
-iiizei - .,f Anoka will vote on a proposition "tj issue $13,000
of bond- for the construction of a new bridge over the Rum
River.
An erne br lhe-Sen, N, Y.—Botui Sale.—On June 12, 1897
tG' vdUq. of Arvorne-by-the Sea sold the $113,000 oC bonds
to W. E. R Smith of New York City as follows:
llOj.iiJO of street Improvement bonds dua June 15, 1920, at
school bonds.
119*
Brookhaven, Miss .—Bond Offering.—J. B Doughty, Mayor
S'A> m of street-improvement bonds due at the rate of
tiy.Mij ,„>[• annum from June 15, 1931 to 1935, inclusive, at of Brookhaven, reports to (he Chronicle that the $40,001)' of
$i "M of nidewalk-improvement bonds maturing at the
rate of $IO.tHHi per annum from June 15, 1930 to 1923 iDclu»;vp, st 117-25.
W.,"*|0 of drainage bonds due at the rate of $2,000 per annuro fr ,ra Jane 15, 1920 to 1922, inclusive, at 117125.
fS.t i i of drainage bonds maturing at the rate of $1 090 per
annum trom June 15, I92t to 1933, inclusive, at 117-123.
*,f Rirfot-opening bonds due at the rate of $1,000 per
annum fr m June 18. 1920 to 1923, inclusive, 117*125
All the above bond* are of the denomination of ?.l,600 each
!»U'. Jure1397, with interest at the rate of 5 per cent,

payable *“mt.ttt*Btauly.

’

R?r.,G D fmted -O n June 15, 1897, the citizens of Arvernel.-.ru’r a ' 'r‘'au"! ft ProP<»Rion to issue $175,000 of village
re^dvli'.f tin "
(&V2ni}--Proposals will be
, * ’• ’ 1 GC,oc* r- M*/u«y 1. 1897, by Oloyd M*n»fi«ld,
l?r the P f chase of $39,000 of 6 per cent iuPn*' s-curittes will be of the denomination
• /;
" V " "-'•<!
1. 1897; inter-st will be payable
■mi -*T|f■•> 0 "II the IIrat days of January and July and the

court-house and elec ric light bonds recently authorized will
be issued on July 6, 1397, and will be sold at public or private
sale immediately thereafter. The securities will be of the de
nomination of $100 or $500 ; interest at the rate of 6 per cent
will be payable in Brookhaven, and the principal will mature
in twenty years from date of issue, subject to call after live
years.

Burlington (la.) Independent Sehool District—Bond

Nate.—The following is a complete list of the bids received
for the $16,000 of &% per cent school house bonds of this
dis riel:

V w . H e r Is * Co., Chicago.
Farson. I.cach & Co.. CMcoeo
DOke M. Fnrsnn, Chicago. ...
First Nut. Hank. Burlington..
Dietz. Denison & Prior. Clev..

ZB I! F ir s t N ational Bank. ChlcaKOtlD.057 00
10, U 1 00 Mason, i ewis X Co., Chicago. 10.017 GO
10,10.-)01 I W.
____________
____ 18.017
. __ 00
& Sons, Clev......
-_______,
.J. Kean,
_Hayes
Chic
l
---H’.IOO 00 I 8.
A.
Chicago...............
ID.MO
00
10 081 *6 I

The securities were awarded to N. W. Harris & Co. The
bon s are dated July 1, 1897; interest is payable s-tni-annuaily on the first, days o* May and November at the office of N.
W. Harris & Co , New York City, and the principal will ma
ture July I, I9n7, subj'ct to cad after July 1, 1893.
( ampheII C'innty. Va - Bond Offering—Proposals will be
received until July 1, 1897, by the B n r! of fiupervisora of
Campbell County for the purchase of $97,000 of 5 per cent re

J une 19, 1897.J

THE

C H R O N IC L E .

1195

funding bonds. The securities will mature in forty years of the denomination of $1,000 each, dated July 1, 1897; inter
est will be payable semi annually and the principal will ma
from date of issue.
Carbon County, Mont.—Bond Sale.—On June 7, 1897, the ture at the rate of $5,000 per annum from July 1,1907 to 1913,
511,000 of 6 per cent coupon funding bonds of Carbon County inclusive, both principal and interest being payable at the
were awarded to the Edw. C. Jones Co. of New York City Factory Point National Bank at Manchester Center, Vt. The
for $11,511. The following bids were received:
total indebtedness of the town of Dorset at the present time
E d w . C. J o n e s C o.. N e w Y o r k . . ..$ 1 1 ,5 1 1 1 T h e i s B a r r e l ] ....................................... $11,011 is $65,895. The assessed valuation for 1896 is $543,676 and
F a r s o n . L e a c h & C o.. N . Y ............ 11,226 E . D . S h e p a r d & C o ., N . Y .............. I l,u 0 0
the population in 1896 was 1,696.
H . B . P a l m e r , H e l e n a .................. 11,225 |
Dover, N. H.—Temporary Loan.—The $35,000 six months
The stcuritirs are of the denomination of $1,000 each; the loan
of the city of Dover was awarded to Curtis & M jtley at a
interest is payable at the Hanover National Bank of New discount
of 2-89 per cent. The following bids were rec ‘ived:
York City and the principal will mature in twenty years from
R a t e o f D is c o u n t. I
R a t e o f D isco u n t* .
C u r tis & M o tle y , B o s t o n ....................... 2’89 C h a s . W e il & C o., B o s t o n ..................... *3‘0O
date of issue.
o lm a n , B o s . 2 ‘90 | E . H . R o llin s & S o n s , B o s t o n ................3*00
Cascade County (M o n t) School District No. 29 —Bond RB ologdegr se,t,NMe we rmr iat tn && CTo.,
B o s to n .......... 2*95 B la k e B r o s . & C o.. B o s to n ................... 3'0 3
Offering—Proposals will be received umil 8 o’clock p . m., E d g e r ly & C r o c k e r, B o s t o n ................... 2*99 B o n d & G o o d w in , B o s t o n ..................... 3*07
| W . O. G a y & C o., B o s t o n ................3 ‘5 0
July 10, 1897, by the Board of Trustees of this school district, -------* A n d $1 p r e m iu m .
for the purchase of $10,000 of 6 per cent bonds. The securi
l>uY*i « ouuty, Fla.—Bonds Authorized —Daval County
ties will be of the denomination of $500 each, dated July 10, has been authorized to issue bonds to the amount of $75,000
1897 ; interest will be payable semi-annually at the office of for the erection of new school buildings.
the Treasurer of Cascade County in the city of Great Falls,
Eastchester, N. Y .—Bond Offering.—Proposals will be
Mon'., and the principal will mature July 10, 1912, subject received until 8 o’olock P . M , Juae 21, 1897, by Herbert D.
to call after July 10, 1907. Each proposal must be accom Lent, Supervisor, for the purchase of $34,800 of 4 per cent
panied by a certified check for $250.
bonds.
Cass Connty, N. D .—Bond Sale.—Refunding bonds to the
East Hampton, Mass.— Note Sale.—In May, 1897, the town
amount of $i5,000 have been sold by Casa County to Martin of East Hampton s >ld $2,800 of sewer notes and $4,500 of
Hector of Fargo, N. D., at par. The securities are dated July bridge notes to C. N. Banard & Go. of Boston at about a 3 75
1, 1897, with interest at the rate of 5 per cent, payable semi per cent basis. The loan matures in ten years from date
annually. The loan was negotiated to refund an issue of of issue.
court-house bonds bearing 7 per cent interest.
Effingham, 111.—Bonds Authorized.—The City Council
Chester, Pa. —Bond Offering.—Proposals will be received of Effingham has authorized the issuance of paving bonds to
until 12 o’clock noon, June 25, 1897, by the city of Chester the amount of $14,000.
for the purchase of $25,000 of 4 per cent bonds. The securi
Egg Harbor City, N. J .— Bond Sale.— The $5,000 of 4)^ per
ties will be of the denomination of $100 each and will mature cent general improvement bonds of Egg Haroor City were
in thirty years from date of issue, subject to call after five awarded on June 15, 1897, to the Egg Harbor Commercial
years.
Bank at par. The securities are of the denomination of $500
Chester, S. C.—Bond Offering —Proposals will be received each ; interest is payable semi-annually on the first days of
until JuDe 21, 1897, by the city of Cluster for the purchase of January and July at the Egg Harbor Commercial Bank, and
$50,000 of bonds to be issued for the construction of water the principal will mature in from ten to nineteen years from
works. an electric-light plant and a sewerage system. The date of is-ue.
securiiies are to bear 5 per cent interes'.
Eltdapd Township (Mich.) School District No. 5 —Bond
Cincinnati. O hio—Bonds Authorized—Special assessment Offering.-Proposals will be received until July 1, 1897, by
paving and grading bonds will be issued by the city of Cincin the Board of Trustees of this school district for the purchase
nati.
of $4,0u0 of bonds. The securities will become due as follows:
Clay Counly, M inn. —Bond OJJering.—Proposals will be re- $5<)0 and interest on the whole sum at 5 per cent, March 1,
ceivtd until June 22, 1897. by O. J. Kittelsrud, County 1898; one-third of the remainder and interest at 5 per cent on
Auditor, for the purchase of $5,000 of road bonds. The se the whole sum unpaid March 1, 1899; one half of the re
curities will bear interest at a rate not exceeding 6 per cent mainder and interest at 5 per cent on the whole sum unpaid
and will be payable on or before ten years from date of issue March 1, 1900, and the remainder, with interest at 5 per cent,
at the option of the Board of County Commissioners.
March 1, 1901.
Columbus, O h io —Bond Offering.—Proposals will be re
Flashing (N. Y .j School D istrict No. 3,— Bond Offering.—
ceived until June 26, 1897, by C. W Smiley, Turnpike Com The Board of Elucation of this district will s-11 at public
missioner, for the purchase of $6,000 of road bonds of the auction on June 24, 1897, at 5 o’clock p. M ., $26,000 of 5 per
city of Columbus.
cent school oonds Tne securities will be of the denomina
Connellsville, P a . —Election Postponed.—The election tion of $1,000 each, dated July 1, 1897; interest will ne pay
which was to have been held on June 15, 1897, in Connells- able semi-annually on the first days of January and July, and
vtlle, to vote on the proposition of issuing $117,000 of fund the principal will mature July 1. 1904, both principal and in
ing bonds was p«s poned.
terest being payable at the Queens County Baak of Long
Council Bluffs (Iowa) Independant School District — Island City.
Bond Sale.—On June 1, 1897, this district sold $5,000 of 4J^
Fosston, Minn.—Bond OJJering. —Proposals will be received
per cent school bonds to Mason, Lewis & Co. of Chicago lor until 8 o’clock p M ., July 5, 1897, by W. B. Sheffield, Village
$5,017 50. The securities will mature in ten years from date Recorder, for the purchase of $11,000 of 7 per cent water
of issue, and are subject to call at aDy time; they are payable, works and electric light bonds. The securities will be of the
both principal apd interest, at the New York Security & denomination of $1,000 each, dated July 1, 1897, and the in
Trust Company of New York City.
terest will be payable anDUilly. Bids are to be made on the
Cowlitz County, Wash.—Bond Sale.—It is reported that ba-is of the securities being straight 20-year bonds and also of
A. R. Nicol a member of the Union Savings Bank & Trust their maturing in 20 years but subject to call at any time.
Company, of Tacoma, has taken the $56,000 of Cowlitz Each proposal must be accompanied by a certified check for
County bonds. Tne securities bear 6 per cent interest and 5 per cent of the amount bid for.
mature in from ten to twenty years from date of issue.
Fnlton (Mo.) School D is tric t —Bond 8ale.—School bonds
Cranford Township, N. J —Bond Offering.—Proposals will to the amount of $7,000 have been sold to the Southern Bank
of
at a premium of $106. The securities bear 5 per
be received until 8 o’clock P M., June 24, 1897, by N. R. Fos centFulton
interest.
ter, Chairman of the Bond Committee, for the purchase of
Holdsboro, N. C.—Bonds Proposed.—The City Council of
$50,000 of 30-year sewer bonds, with interest at 4 or 4t£ per Goldsboro have under consideration a proposition to issue
cent, and $50,000 of
per cent 1 10 year sewer bonds. Both bonds for the purchase of wa'er-works.
Grand Rapids, Mich.—Rond Safe.—The following bids
loans will be issued in the form of coupon or registered bonds were
received on June 16, 1897, for the purchase of the $200,of the denomination of $1,000 each, dated July 1,1897 ; inter 000 of 5 per cent street-improvement bonds of the city of
est will be payable semi-annually, both principal and interest Grand Rapids:
*5,075 S e y m o u r B ro s. & Co., N . Y ............. $4,100
being payable in gold. Cranford Township at the present GG r Ha n. dWRhaitpeid&s SCaov.,. NB.kY.,G...................
. R a p 's . 5.006 R u d o l p h K l e y h o lt e & C o . C in n .. 3,740
5,000 P e o p l e ’s S a v . B k .. G r a n d R a p id s . 3 ,6 2 0
time has no indebtedness, except the cost of the sewer sys KO lde n Nt Sa ta.vB. Ba nk k.,,GGr ar anndd RRaappi dids s........
___ 4,985 F o u r t h N a t. B k ., G r a n d R a p i d s .. 3,357
& C o , N . Y ................ 4,540 N . Y . S e c u r iiy & T r u s t C o.. N . Y . 3,060
tem. Its assessed valuation is $960,000 and the population RE .. DL .. DS haeyp&a r Cd o..
B o s to n ................ 4.538 A . O. C ro z ie r, G r a n d R a p i d s ......... 2,800
M l C hinan T r u s t C o ., G ’d R a p id s .. 4,216 F a r s o n , L e a c h & i ' o ., C h i c a g o .. . . 2,100
amounts to about 2,700.
M o rr is C a s s a rd , C h i c a g o ................... 4,164 D ie tz , D e n is o n & P r i o r
............... 1 ,0 2 7
'N a t . C ity B k ., G r a n d R a p i d s ___ 1 ,0 6 2
The official notice of this bond offering will be found among -------• F o r $50,000.
.
Tne securities are of the denomination of $1,000 each, dated
the advertisements in this Department.
Cnrwensvllle, Pa. —Bonds Authorized.—It is reported that May 1, 1897; interest is payable semi-annually on the first
the citizens of Curwensville have voted in favor of a propo days of May and November, in the city of Grand Rapids, and
the principal will mature at the rate of $50,000 per annum
sition to issue $15,000 of paving bonds.
Dayton, Tenn.— Bonds Proposed.—This city proposes to from May 1, 1898 to 1901, inclusive.
Grundy County, Mo.—Bond Gall —Notice has been given
issue street-improvement bonds to ihe amount of $50,000.
Delmar, Iowa.—Bond Sale.—Scho< 1 bonds to the amount by W. M. Morris, Treasurer of Grundv County, that bonds
of $2,500 have been sold to H. W. Fleniken at par. Four Nos. 26 to 35, inclusive, dated J uly 2 ,1888, of $1,000 each, and
other bids were received. The securities bear interest at the bearing 5 per cent interest, have been called for payment at
■be National Bank of Commerce of New York City on July 1,
rate of 6 per cent, payable annually.
Delta, olo.—bond Offering —Proposals will be received 1897, after which date they will cease to be ir inrerest.
Hiimmnndgporr, N. ¥.—Bonds Defeatei — The citizens of
until July 1, 1897. by Albert H. Stockham, Mayor, for the
Hammondsport have voted against a proposition to issue
purobase of $10,000 of water-works bonds.
Dorset. Vt —Bond Offering.—Proposals will be received by $15,000 of electric light bonds.
Hendersou, Ky.—Bond Offering.—Proposals will be re
Geo. M. Viall, Town Treasurer of Dorset, for the purchase of
$35,000 of 4 per cent funding bonds. The securities will be ceived by the city of Henderson until August 17,1897, for the

1196

THE

C H R O N IC L E .

[You LXIV.

t urelis- of $371,000 of refunding bands. The securities will Trust Compiny of iladison at par. The bonds are of the
ca of tbo d*uamins tioxi of $300 and § 1,0 50, and wilt tierr in* denomination of $500 each; interest at the rate of 4A£ percent

is payable annually and the principal will mature in twenty
j ,r r ; the ra'K* of 5 par <*Ot.
fllU.h iro. Tosa**—Bond Sale.—On June 14, 1807, the city ye«rs fro"- date of issue, subject to call after to i years,
Mahoning 'ouuty, Ohio —Sond Sale—On June 10, 1897,
it
. sold *.3.000 of water-works anti sewer bonds at
the $80,000 of 5 per cent bonis of Mahoning County were
* tlolUn-barx, Ohio.—Bond Offering. — Proposals will be awarded to C. F. H »fet* of Cincinnati, who represented private
riM>*n~r*4 until 12 <A*lock, noon* June SI* 189». bv G. A. parties, for $88,200. The bonds are of the denomination of
Thom***. VIIUk** Clerk, for the purchase of $3,000 of 6 per 151,000 each, dated June 1, 1897; interest is payable semi
c#ut str &i improvement bond?. Tne securities will i>e of the annually on the first days of March and September, and the
ion ■uiit-.aUan of $i<0 each; interest will be payablesemi- principal will mature at the rate of $1,000 per annum from
annually on the first days of March and September and the September 1, 1901 to 1910, inclusive, both principal and in
pntH-ii«U will mature at the rate of 8100 per annum from terest being payable at the office of the Treasurer of Mahoning
March 1, IfW) t<> 19>l*. inclusive. No bid for lees than par County.
Mamaroneok, N. Y.—Bond Sale.—On June 16, 1897, the
and accru'd interest will be considered.
Hnly.ke, H«rs.—Loan Authorized.—The Board of Alder- $15,000 of 4 per cent road and bridge bonds of the town of
m,n i f Holyoke has authoriz'd a loan of <150,000 for various Mutoarnneelc were awarded to Ben well & Everitt at §01*551,
city purposes. The securities will bear 4 per cent interest The following bids were received:
ttWell ft HvarStt, N. Y ......... ..101*561 Geo. M. Hahn, N. Y ......... ......... 100*960
nunwell
sad will mature in ten years from date of issue,
uiolph
Km
’ ’ Kteybolto ft Co., N .Y .. 101*120 Bertron ft Storr*. N. Y .............-100*875
M-l rrlson. New York .......... 10T1U Street. Wykes ft Co!. N '.'V T TT’ .'lO A
Indianapolis, lull.—Temporary Loan.—Proposals will be B.IX.
Co . New York.... 101*u80 E6w. C. .Tones Co., N. Y ............. 10O G..V
C. H . White ft
AC'
received until 10 o’clock a. M,, July 1, 1807, by the Board of T h - I.anjprecht Bros Co..Clev..lnl-OTO W.'iann & Sclxleslnser, N. V ..... 100'070
Diet*. Denison A Krlor.Cleve. ..JOl'070 Far,on, Leach & Co.. N. Y......... 100‘S10
•Scboid Commissioners of the city of Icdianap »lis for the pur W. ,1. Haves & Sons, Clave...... lflroio 8. A. Kean. Chicago...-............. 10C-350
A Moran & Co.. N. Y ....... 101-000
chase of a temporary loan, amounting to $230,000, to be issued Dan’!
Tbe seoumivs are of the denomination of $500 each, dated
in anticipation of the collection of taxes. The notes will be July 1, 1897; interest is payable ssmi-annually on the first
days of January and July, and the principal will mature as
dstr-d July l, 1887, and will mature June 80, 1898.
$5,000 at the rate of $1,000 p-r annum from July 1,
The official notice of this offering will be found among the follows:
1898 to 1902, inclusive, and $10,000 at the rate of $3,000 per
advertisement# elsewhere in this Department.
annum from Julv 1, 1908 to 1907, inclusive.
Jackson County, Mich, —Bonds Authorized—The voters
Marietta, Ohio,—Bond Election.—It is reported that an
of Jackson County have authorized a loan of $15,000 to pay election will be held in Marietta on June 28, L897, to decide
the coat of an addition to the court house.
the question of issuing sewer and paving bonds to the amount
Jamaica V.Y.) Union Free School District No. 1.—Bond of $15,000.
Offering.—Proposals will be received until 8 o’clock p. h .,
Marlborough. Mass —Temporary Loan.—Asix months’ loan
June 2’>, 1897, by W. S, Nichols, Secretary of this district:, for amounting to §35,000 has been awarded to Edgerly & Crocker
the f urcliase of $10,000 of 4 per cent school bonds. The se- of Boston at a discount of 2-75 per cent.
curities wilt be of the denomination of $1,000 each; interest
Note Sale.—The $65,000 of 4 per cent school notPS of the
wili be payable semi annually, and the principal will mature city of Marlborough, bids for which were r.ceived on June
»t the rate of $1,090 per annum, beginning July 1, 1927. No 18, 1897, were awarded to Eoabrook & Co. of Boston at
bid for 1<s* than par will be considered, and each proposal 104*159. There were eleven other bids received. The se
mu-*. t»e accompanied by a certified check for 2 per cent of curities are of the denomination of $1,000 each, dated July 1,
the amount bid.
1897; interest is payable semi-annually and the principal will
Lakeland, Fla.—Bond Election.—An election will be held mature at the rate of $3,000 per annum from July 1, 1893 to
in this city io vt te on a proposition to issue $8,000 of bonds 1912, inclusive, both principal and interest being payable at
for the purpose of erecting new school buildings.
the Wmthrop National Bank of Boston, Mass,
Lancaster, Ohio.—Bond Sale.—The following is a com
Massachusetts.—Bond Safe.—The Boston ‘‘News Bureau”
plete list of the bids received on June 10, 1897, for the $10,000 reports that J. P. Morgan & Co., Biake Bros, Sc Co., and Kid
of ‘I ;> r cent r , y ar average street-improvement bonds of der, Peabody. & Co. have just completed a purchase of about
the city of Lancaster:
$3.000,000 of 3*4 P^r cent 40-year bonds of the State of Massa
Fourth Nat, Bank, Columbus,.105*25
K «$. B a n k . C ln c lU fm tl.K S5*03
chusetts issu' d for vari us purposes. The securities were
M. Thuruauer, Cincinnati .105*25
............
Bank.
Xitm
N*LT
' ‘ Cincinnati
* •“ ,. .108*50 0.
sold on a 3‘19 per cent interest basis,
Mansfield Sar. Bank.Mansfteld. 105*01
w . J . IX** « » X Son*. C le v .......... 107*82
H . B, Peters, Lancaster,.......105*01
Itud<d!>h K u w a i t * ft G o . ,O n . .107'07
Mayvllle, N. Y Bond Sale.—The following is a complete
k M a y n r, C in .......1 0 7 * 5 3
Spitzer ft Go., Toledo
........ .104*93
Tti«
mm, Oo..Olev.i07*i7 8. A, Kean, Chicago.............. .104*00 list of the bids received on June 1,1897, for $10,000 of electricL le U . tH m iM m Ik F r ln r , C le r e .. .107*04
Hocking Valley Bank, Lancas.. 101*50
light bonds of the village of Mayville.
Lewi* ft Co,. Chicago.. JL0&UH5
Hdw.O. Jones Co., New York. £10,303 00 Street, Wykes A Co., N. Y .. *10,1022*
The bonds were awarded to Ihe German National Bank of James
H. Rand, North TonaBertron ft Storrs, N. Y ... ... 10,10181
wanda. N. Y ........................ 10,175 75 Seymour Bros, ft Go., N. Y ... 10,10l 50
Cincinnati.
Lelaud. Towle ft Co.. Boston. 10,136 70 Isaac W.Sherrill, Po’keepsie. I'M 01 27
Linsingbarg N. Y.) Union Free School District No. 1.— Farson, Leach & Co., N. Y. .. 10,L03 07 VY. J . Hayes ft Sons, Clev...... 10,030 00
Bond S,U. —The following bids were received on June 16, Benwell ft Everitt. N. Y , ...... 10,102 71 Jas. \Y. Lonpcatreet&Co., Bos. 10,002 60
Tbe securities were awarded to James H, Rand. The secu
1897. fur the $ ’1.000 of 4 per cent 26-year average school
rities are of the denomination of $1,000 each, dated August 1,
bends of this district:
-' ;
Ur - Al’o , .NowYork 10S*41fi Dan’l A.. Moran & Co., New York. 101*500 1897 ;. interest at the rate of 4 per cent is payable semi-an
E. II. Bbtttxuis 8oo.ii, Boston.... 106*259 Berfron ft StYrrs. New York — 104*500
TUVImmmmht fir<*s.Go,.Clev.. 106*270 I«. W. Morrison, Now York,...... 104*441 nually and the principal will mature in twenty years from
S4*. C I m m Co.. New York. , ,.105*750 Geo,M.Hahu, Now York .......101*270 date of issue, both principal and interest being payable at the
W , J , WUvrm f t S o a r , C I# rti4 J l(i .105*25
C. t£. White ft Co , New York...,10i*2i0
wmm&u
Co.. New YoritUMNlK J m H. Hi ml, No. Tonaw mda,..10l 210 Hanover National Bank of New York City.
« r w ! . Wykxrs ft Co.. New York. 104*810 Boo well ft Everitt, New Y o rk , .104*160
McKeesport, F a.—Bond Call.—A. notice has been issued
E,
ft Oi.„ Now York. 104*780 8. A. Kean, Chicago ..................103*250
im m W.jihern!!, P##keet»sio., ..104*670 Rudolph Kleybolte ft Co., N. Y. .102*810 by R. A. Hitchens, Secretary of McKeesport, that in sixty
days from June 12, 1897, the Sinking Fund Commissioners
The curiutrs were awarded to Sejmuur Bren, & Uo.
Litchfield townshipif III.) High Seh iol District. - Bond **ill redeem water-works bonds issued by the city in 1881,
Offering.—Proposals will be received until 12 o'clock noon, Nos. 37 to 40, inclusive. Interest on the securities will cease
Jum 29, 1897. by A. Neuber, .Secretary of the Board of Edu- August 12, 1897.
McMinuville, Tenn.—-Bond Sale.—The town of McMinn
ration, for the purchase of $80,000 of 4 per cent school b >nds;
h0 Mof 5-j per cent school bonds and $30,000 of 5 per cent ville has placed $30,000 of water-works bonds with parties in
Nashville
at par,
school bunds. The securities will be of such denomination as
Melrose, Mass.—Bond Sale.—On June 15, 1897, the town
She t urctia.er may desire, not less than $1<J0; interest will be
payable annually, and the principal will mature in from ten to of Melrose awarded $25,000 of 4 per cent ten-year sewer bonds
twenty years from date of issue. This district at the present to Parkinson & Burr of Boston at 103*911 ami $25 000 of 4 per
time lias no indebtedness. Its assessed valuation is $751,431 cent fifteen-year sewer bonds to R. L. Day & Co, of Boston
and It* real value is estimated at about $3,000,000. The popu at 105 519, The following bids were received:
$25,000
$25,000
BoUl
lation is about 7,973.
Bonds. 15-Year li nd&
Issues,
l.utiS-T 111.-. h j. —Bond News.—Oa June 15, 1897, the Court Parkinson ft Burr.............................10-Year
... 103*931
105*382
...........
II. L. Day ft Co..................................... 103*809
1' 5*519
..........
of Appeals pa-s ,) upon the b-ueof the $583,000 of refunding Geo.
Fornald ft C o ............ ............. H 3*'17
305*230
bond* of the city of !.iuta»ille, upholding the deci-ion of the J oae A.
Parker ft Co.................................. 103*814
105*4009
. .......
Br-*8. ft Co—
....................... 108**10
105*150
Sowe-r '-oiirt to the effect that the sale of the bonds was un Blake
Adams ft Co............................... . 108*461
104*9
e&MtUtttional.
Jas, W. LonRStreet ft Co,...................
...... ...
104*683
104*640
ft Co ...................................................
th 'iriJting Kurd Constnissionera of Louisville were Eseabrook
HI. H . Rollins ft Sons
104*539
ru iu .-ri.Ho i »uc tr,,nd# ;/> refund $193,000 of water bonds Third
National*“Bank..........
Ratio
101*477
Pi___
Pisher „ft Phelps...
104*377
matuting July !, !~'.t7, and $89,000 of city bonds maturing Cushman,
N, W. Hama ft' Co.•„.
Augu.t v, 1897, or $588,000 of bonds in all,
Parson, Leaah & Co..
ir
n
'Ir* ' ’ romis.t<Mj.T» naked for proposals for the purohase
The s-curities are of the denomination of $1,000 each, dated
i’
' • f bonds and awarded the entire issue to the New June 1, 1897; interest is payable semi-annually ou the first
iD.-k K oirlty k Trust Company for $627,000, or a premium days of June and December, Both principal and interest are
of $ ;> 0. n was then decided by the Court that only payable in Boston or Melrose.
«un, ■!••••: band, otioqld have been sold to refund by the pro
Milford, Del.—Bond Sale—The $42,000 of 4 per cent re
1 "f !h>- ,,l,. the $588,0XJ of bonds maturing,
funding bonds of the town of Milford were sold on June 15,
: • - Bo.iori “ Newt Bureau” report* that the Sinkiag Fund 1897, to the Equitable Guarantee & Trust Company of Wil
toner* bav,* borrowed money from the Bank of
mington, Del., a' 1<2 70. The securities are of the denomina
f of L iisvilie with which to redeem the maturing tion
of $1,000 each; interest is payable seun-aonu&llv on the
ntiou t ft-fcKil
days of January and July at the First National Bank of
11*41
Ml.. /?> vt S'th —Street-ImprOYemenfc bonds to first
Milford and the principal will mature in thirty years from
te am ot of »i
toW to tliB 3 ivioga Loan
date of issue, subject to call after ten years. The bonds are

THE

JONE 19, 1897.]

C H R O N IC L E .

exempt from all State, county and municipal taxation and are
issued for the redemption of the present light and water loan.
Middletown ( *. Y.) School District No. 1.—Bond Sale —
On June 15, 1897. the §45.000 of school bonds of this district
were awarded to Leland, Towle & Co. of Boston at their bid
of 111-50 for the securities bearing 5 per cent interest. The
othtr bids received were:
L e l a c d , T o w le A C o .....................................
P a r s o n , L e a c h & C o ...........................
W . J . H ayes & Sons
...................
R u d o lp h K l e v b o lt e A C o.................
W a l t e r Si a n t o a & C o. .....................
G e o . M . H a h n ........................................ .........
T h e L a m n r e c h t B r o s . C o.............................
L . W . M o rr is o n
...........................................
E . B . U n d e r h ill, J r .........................................
E d w . C. J o n e s C o .................................
B e n w e ll A R v e r it t ..............................
W h a n n A S c h l e s in g e r .....................

i p . c.
B o n d s.
U'S*17
I"8 * j7
102*975
102*91
102*29
102*21
102*21
102*19
102*19
1 102*17
0217

4 H P . G.
B onds.

5 P . C.
B onds.
111*50

6 P . C.
B o n d s.

111*49
111*25

118*93

111*01
109*432

119-C1

106*51

106*675

4 P . G.
B o n d s.

m p . g.
B onds.

102*18
102*17

106*25

E d w . C. J o n e s C o ....................................
W . J . H a y e s A S o n s ...............................
S t r e e t , W y k e s A C o ............... ..............
F a r s o n , L e a c h A C o ...............................
W h a n n A S c b le s in K e r ...........................
L . W . M o rr is o n ....................................
-G eo. M . H a h n ......... ..................................
JL e la n d , o w le A C o ................ ........
D a n ie l A . M o ra n A C o .........................

106*05
101*0321

101*85

b P . G.
B o n d s.
11L*25
110*13
1(9*25
109*2 i
10915

6 P . G,
B m ds.
117*81

117 21

106*757
106*54
101*1144
104*06
113*50
102*60

Northfleld, Yt.—Bond Sale.—The $35,000 of 4 per cent
electric-light bonds of the village of Northfleld were awarded
on June 15, 1897, to Farson, Leach & Co. of New York City
at 101-273 Tne following bids were received:
F a r s o n , L e a c h tc C o.. N . Y ........
W . J . H a r e s Jc S o n a .B o s to n .. .

right of the village to redeem not exceeding $5,000 per an
num after ten years.
Ogden, Utah .—Election Postponed.—The election to vote
on the proposition of issuing $250,000 of water works and
electric-light bonds was postponed from June 8 to July 13, 1897.
Ohio.—Bond Site.—The following is a complete list of the
bids received for the $250,000 of 8 per cent funding bonds of
the State of Ohio.
S e a s r m K o o a & M » T 6 r ,C in ....f 2 5 0 .0 3 l7 5 I O h io N a t. B a n k , C o l u m b u s .*247,500 00
S o c ie ty f o r S a v .,C l e v .............. Sso.ooo oo E . H . R o l li n s & S o n s , B o s t o n 248,700 0o
S. A . K e a n . C h ic a g o ................. 249.375 00 I

107*68

James H. Rand bid par for the bonds bearing 3% per cent
interest. The loan is in the form of coupon bonds of the
■denomination of $3,250, dated May 1,1897, and will mature at
the rate of $3,250 per annum, beginning May 1, 1898.
M ilvtautee. Wls.—Bond News—The report which was
current yesterday regarding a sale of $200,000 of 5 par cent
bonds of the ci'y of Milwaukee to Seymour Bros. & Co. was
errone' us. The securities were awarded to that firm on May
18, but they were rot delivered until June 17, 1897.
Mobile, Ala —Bond News.—A. rumor has been current to
the effect that the city of Mobile has under consideration a
proposition to issue bonds for the acquisition of the water
works and sewerage systems. L. de V. Chandron, City Clerk,
reports to the Chronicle that no such proposition is under
■consideration, as it was merely a suggestion made through
the press. The question of municipal ownerrhip of the water
works and sewers, however, is being seriously thought of by
the people.
Montgomery, Ala.—Bonds Authorized.—The City Council
has authorized the issuance of otving bonds.
Moiiticello, Fla.—Bond Offering. —lb is reported that
proposals will be received until August 2, 1897, by F. L.
Clark, President of the Town Council of Montic-llo for the
■purchase of $10,000 of 6 per cent water-works bonds.
New Britain, Conn. —Bonds Proposed.—Water bonds to
the amount of $250,000 are under cousid-ration.
Newburg, N. Y.—Bond Offering.—Proposals will bs re
ceived until 4 o’clock P. 31. June 21, 1897, by Bmjimin B.
Odell, Mayor of Newburg, for the purchase of $85,000 of %%
per cent refunding water bonds. The securiHe-i wdl be dated
July 1, 1897, and will mature as foil iws : $30,001 at the rate
of $1,500 per annum from July 1, 1898 to 1917, inclusive, and
$35,000 on July 1. 1917.
Newcastle County, Del.—Bond Sale.—The $150,000 of 4
par cent refunding bonds of Newcastle County were awarded
to the Farmers’ Bank of Wilmington at a nretnium of $7,995.
The securities mature at the rate of $10,000 per annum be
ginning December 1, 1910.
New Castle. Pa.—Bond Offering.—Proposals will be re
ceived by W. E. Marshall, City Clerk, until 12 o’clock noon
June 21,1897, for the purchase of $25,000 of 4 per cent coupon
bonds.
Newtown, N. Y.—Refusal to Restrain an Issue of Bonds.—
On June 15, 1897, Judge Gaynor, in the Circuit Court of
Queens County, N. Y., rendered a decision denying the appli
cation for a peimanent injunction to restrain the town of
Newtown from issuing the $630,000 of improvement bonds.
It was claimed by certain taxpayers that the securities were
illegally issued.
New fork City.—Bonds Authorized.—The Board of Esti
mate and Apportionment of New York City on June 15, 1897,
authorized an issue of $1,663,000 of bonds to build the Willis
Avenue bridge across the Harlem River and $500,000 of bonds
for the proposed addition to the Museum of N itural History.
Northfleld, N Y.—Bond Sale.—The $7,000 of 10-year aver
age bonds of Northfleld were awarded to Walter Stanton &
Co. of New York City at their bid of 111 25 for the bonds bear
ing 5 per cent interest. The following bids were received :
W a l t e r S t a n to n & C o .........
R u d o l p h K l e y b o lte & C o ..
B e n w e ll A K v e r i t t ...............

1197

101-273 I R o b v & K n o w le s , C o n c o r d ..........*100-760
100-960 I N a t. L i f e I n s . Co., M o n tp e l ie r . 100*671

• F o r »10,CO0.

A bid was al-o received from Ja». W, Longstreet & Co.
The sfcurities will mature in twenty years from date of issue,
$5,000 being subject to call after seven years and $20,000 after
ten years.
N'yacfc, N. Y —Bowl Sale—The $165,000 of 4 per cent
water bonds of the village of Nyack have been awarded to
The Lamprecht Bros. Co. of Cleveland, Ohio, at 106'07. The
■securities mature in thirty years from date of issue, with thc-

The bonds were awarded to Seasongood & Mayer. The
securities are dated July 1, 1897; interest is payable semi
annually on the first days of January and Julv at the Ameri
can Exchange National Bank of New York Citv and the
principal will 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.
Onancock, Ya.—Bond Sale.—The city of Onancock has
sold $5,000 of 6 per cent twenty-five year improvement bonds
to the United States Trust Co. of Baltimore, Md.
Opelousas, La.—Loan Authorized.—Notes for the construc
tion of a wa er-works system and an electric-light plant will
soon be issued.
Oyster Bay, N. Y.—Bonds Illegal.—Judge Dillon has ren
dered a decision pronouncing the $300,000 of improvement
bonds authorized by Oyster Bay to be illegal. Of this amount
$50 000 were issued, but bad not as yet been delivered.
Palestine, Texas.—Bond Sale.—The city of Palestine has
sold $12,000 of 5 per cent school bonds to George H. March of
Van Wert, Ohio, at par and accrued interest. The interest
on the securities is payable semi-annually on the first days of
May and November at the National Park Bank of New York
City and the principal will mature in forty years from date of
issue, subject to call after ten years.
Passaic, N. J. —Bonds Authorized.—Improvement bonds to
the amount of $50,000 have been authorized. The securities
will bear 4 per cent interest and will mature in from 1916
to 1920.
Pensatikea Township (V. J.) School District.—Bond
Offering.—Proposals will be reoeived up till and including
June 25, 1897, by Walter S. Ottinger, Chairman of the Fi
nance Committee of the Board of Education of this district,
for the purchase of $1,500 of
per cent school bonds. The
securities will be dated July 1, 1897; interest will be payable
semi-annually on the first days of January and July at the
National State Bank of Camden, N. J., and the principal will
mature as follows: $3)0 on July 1,1898, and $t,200 at the rate
of $200 per annum from July 1, 1899 to 1904, inclusive.
Perth imboy, N. J. —Loan Authorized.—The City Treas
urer of Perth Amboy has been instructed to issue $39,000 of
bonds in anticipation of the collection of tares. The securi
ties will bear 4 per cent interest and will mature in one year
from date of issue.
Philadelphia, Pa.—Bond Offering.—Proposals will be re
ceived until 12 o’clock noon, June 24, 1891, by Charles F.
Warwick, Mayor, for the purchase of $650,009 of
percent
refunding bonds. The securities will b3 issued in sums of $25
or in multiples thereof, and the interest will be payable semi
annually on the first days of January and July. The loan
will be divided into twenty series of $32,500 each and will
mature at the rate of $32,500 per annum from December 31,
1907 to 1926, inclusive. Each proposal must be accomDanied
by a certified check for 5 per cant of the amount bid for.
Bonds Proposed.—On June 17, 1867, Mayor Warwick sent
to the Common Council of Philadelphia, with a letter recom
mending its submission to a vote of the people next fall, a
bill providing for a l >a i of $10,000,000 to take the place of the
$11,000,000 which was uoder consideration and declared
illegal by the Supreme Court.
Loan Authorized.—A temporary loan to the amount of
$1,075,000 for general municipal purposes has been authorized
by the Common Council of Philadelphia.
Pittsfield, Mass.—Rond Safe.—The Boston “News Bureau”
reports that the city of Pittsfield has sold $30,009 of 4 percent
school bonds to E. H. Rollins & Sons of Bosion on the same
basis as the $170,000 of 4 per cent 1-17-year school bonds
awarded to them on May 12, 1897.
Portland, Me.—Bond Sale.—The $450,000 of 4 per cent
gold refunding bonds of the city of Portland, bids for which
were received on June 18,1897, were awarded to E. H. Rollins
& Sons of Boston at 109 079v There were eight* en other bids
received. The securities are dated July 1, 1897; interest is
payable semi-annually on the first days of January and July
and the principal will mature July 1, 1912. This loan is
issued in the form of coupon bonds of $t,0u0 each, with inter
est payable at the National Bank of Redemption of Boston
or the Merchants’ National Bank of Portland, or in the form
of registered bonds ol $500, or a multiple thereof, interest to
be remitted by check to the owner as it becomes due if sq*d*sired. Thpse bonds are to refund $450,000 of the $497,000
of bonds which become due July 1, 1897, the remainder, $47 000, to be paid from the sinking fund.
m
Portsmouth, Ohio.—Bond Offering.—Proposals will be re
ceived until 12 o’clock noon July 20, 1897, by J C. Adams
City Clerk, for the purchase of $15,000 of 4 per cent refund
ing bonds. Tne securities will be of the denomination or
$1,000 each, dated August 1, 1897; interest will be payable
semi annually, and the principal will mature in twenty years
from date of issue. No bid for less than par will be con-

THE

CHRONICLE

;■ r i d * r d e a c h propo-al m o s t b e a c c o m p a o i i d b y a c e r t i f i e d
eliielt tot 5 pet c o t of ib<* amount bid for.
S*j;Uaff. SIrb.—Bond Offm ug,—Proposals wll be received
;r id 3 r it June 21, IS87, by Artnur F. Lewis, City Comptrol
ler' for tbe t
$15,000 of 4 per cent sewer loan special
r. fliodit'K U mt* th e securities will be of the denomination
<-i $S,«n'e:..-h, dated June 25. 1S97; interest will b-* parable
...mi annually and the principal will mature July t, 1808.
tu« total horded dent of the city of Saginaw on June 15,
- :
;
.
idiog water bonds to the amount of
.«,•:
*> Bi d $177,250 of special assessment bonds ; sinking
fiitnt, JtO.Wti: net debt, $1,192,500. The assessed valuation
f. r -M-<t is : R-«) .state, $18,044,675; personal property, $2,*
712.395: total, $15,737,070. The population is estimated at
111*100*
Salt Lake County, H a h .—Bond Offering,—Proptsals will
t- t. i i\id until 12 o’clock noon June 20. 1887, by M. A,
Caine, County Auditor, for the purchase of $120,000 of 5 per
ccut funding bonds. The securities will be of the denominatk n u! $1,(00 I»cb, dated July 1, 1897; interest will be paysMt ft Hi i annually at the office of the Treasurer of Salt Lake
County and the principal will mature in twenty years from
late- >.f i->u«\ subject to call after ten years, B<ch proposal
must be accompanied by a certified check for 5 per cent of
t h e a t m urn bid. The total debt of Salt Lake County at the
present time is $490,000. The assessed valuation for 1896 is
$43,332,131, and the t»* rate (per $1,000), $3. The population
of the county in 1895 was 68,162,
Sault Ste. Marie, Mich.—B m d Offering, - Proposals will
be received until 2 o'clock p. m. July 15, 1897, by (5, G Scran*
ton. City Comptroller, for the purchase of $18,000 of 5 per
cent r> funding bonds. The aecuriiies will be of the denointnatiiin of $1,000 each, dated September 1, 1897; interest will
b e payable semi annually on the first days of March and
September, snd the principal will mature September 1, 1917,
7h r official n* free of this bond offering, containing a statement of the t tint's financial condition at the present time, will
>r. found among the advertisements elsewhere in this De
partment.

NEW

LOANS,

PROPOSALS FOR

Bonds Authorized.—City Comptroller Gilmore G. Scranton
writes us that the citiw ns of Sault Ste, Marie have authorized
the issuance of the $80,000 of paving bonds by a vote of 449
for to 110 against the issue.
Seilalia, Mo.—Bond Offering.—Proposals will be received
until 5 P M . June 21,1897, by the city of Sedalia for the pur
chase of $i 95,500 of bonds, cue bidder to state the rate of in
terest at which the loan will be taken.
Sevier County, teen .—Bond Sale.—Sevier County has sold
$9,500 of 5 per cent 20 year bridge bonds to the Schultz Bridge
& Iron C> of McKee’s Rocks, Pa, The aecurt ies are dated
April 1. 1897; they are of the denomination of $501, and are
payable, both principal and interes', in New York City.
Somerville, Mass,—Bond Sale.—Tbe following is a com
plex list of the bids rie ived for the $142,000 of 4 per cent
city loan bonds and $20,000 of 4 per cent sewer loan bonds of
the oity of Somerville:
• la s . W . L o n g s t r e e t & C o . . .
J o a o P a r k e r & C o . , ........ .

..........

D , W . H o w l a n d ...........................
A d a m s & C o ....................
P a r s o n , L e a c h & C o .. . . . . . . .
B lo d w t, M e rr itt & C o . . . . . . . .
K. H . H o llin s & S o n s . . , . . . . . ,
B la k e B ro s. & C o .. . . . . . . . . . . .
N , W . H a r r i s & C o .............. ..
P a r k i n s *n & B u r r ...........
W . J . H a y e s & S o n s .................
C u sh m a n , U s h e r & P h e lp s..
R , L . D ay & C o ..................... . . . .
G e o . A. F e r n a l d & C o . . . . . . . .

bawl

00 .

t o w n s h ip if f ll aJ*o i s s u e c o u p o n o r r e g i s te r e d
tw a d * t o t h e a m o u n t o f $-10,000 00, b e a r i n g i n t e r e s t
a t t m m l # o f i l l p e r c e n t p e r a n n u m , p a y a b le a e in i«s2.f* u ally.**id t e n d * t o b e o f t h e d e n m im itk m o f
, •!.«*>:* t.0 e a c h ; fiv e o f s a id b o n d s s h a l l h e p a y a b le a t
Use e x p ir a ti o n o f e a c h j e e r f r o m a n d a f t e r t h e 1 st
4 * r a t d u ty n e x t.
A lt o f i*3«i projK>s**d b o n d s a r e t o b e is s u e d bo p ay
t h e c*w*t o f a s e w e r s y s te m r e c e n t ly c o n s tr u c te d
•
$iSKCQO09f, o f w h ic h iM v o o 00 h a s b e e n a s s e s s e d o n
p r o p e r t f s p e c ia lly b e n e fite d , a n d t h e a s s e s s m e n t
u n a r m e d , T h e p r in c ip a l a n a i n t e r e s t o f s a id b o n d s
m i l bm t a y a n ic In g o ld c o in o f t h e U n ite d S t a te s
o f siNt p r w n t a ta is d a n d o f w e ig h t a n d d n e n e a a .
T h e T o w n sfe tp o f C r a n fo r d la o n e o f t h e m o s t
fiaawattfttt a n d p r m p e m m in N e w J e r s e y . I t i s io m a s 4 1» U»a o - s o t o f Union C o u n ty . o n t h e U s e o f
■

sm&m% t*f emm m t h e f»racm * U n io n C o u n ty t e l f o r d
rrshda. I t h a* an e x e e S ic n t s u p p ly o f p u r e a n d
w h o U m m * w a n e r. a n d s u ff ic ie n t h y d r a n t # f o r
a#*iiMM A re. T h e to w n s h ip Is a ls o s u p ptb&i w it h g m and e le c t r i c it y T w e n ty - fiv e p a s s e n
f * r tr a in * r u n f r o m C r a n f o r d t o C om m u n i p a w a n d
r*f*«ra e m h d a y , c o n n e c tin g w ith t h e f e r r y f o r N ew
's o t s . T h e dtstaocse t m m N e w Y o rk i s lOW m ile s .
T h e ism * f ro m C h u h c r t to t h e f o o t o f L i b e r ty
8c***K i t s i tm tm ir .*
f h e t o w n s h ip b a n a p o p u l a t i o n
‘A s jm % t*€i
v a lu e o f p r o p e r t y in t h e ;

103*075

BOND CALL.

5 PER C E N T BONDS.
S e a le d b i d s w ill b e r e c e i v e d a t t h e o ffice o f t h e u n 
d e r s i g n e d u n t i l 2 o ’c lo c k P . M ., T h u r s d a y , J u l y 15,
u re h a se o f R e fu n d in g B o n d s o f th e
1897, f o r t h e
C ity o f F a u l t S te . M a rie , M ic h ., t o t h e a m o u n t o f

$18,000.

T h e b o n d s p ro p o se d t o b e r e f u n d e d a r e :
W a te r - W o r k s B o n d , d a t e d A u g . 1, 1885, d u e
A u g . 3 , 1 8 9 7 . . . , . , ........... ............................................ $4 000
W a t e r - W o r k s E x t e n s i o n B o n d d a t e d S e p t 3,
1887 d u e S e p t. 1, 1 8 9 7 . . . . . . . . . . . . . . . . . . . . . . . , 10,000
P a v i n g B o n d , d a te d M a y 2 0 ,1 8 9 0 , d u e A u g . 1,
1 8 9 7 .... .. ............... .................. ...................
4,000
D a t e o f B o n d s , S e p t. 1 ,1 8 9 7 .
D a te o f m a t u r i y , S e p t 1, 3917,
D e n o m in a t io n , $1,000.
I n t e r e s t , 5 p e r c e n t s e m l- a n n u ii 1. p a y a b le M a rc h
1 a n d S e p t . 1.
P o p u l a ti o n , 1891, 7,30®; n o w . e s t i m a t e d , 30.000.
A s s e s s e d v a l u a t i o n , $5,2(57.286; t a x r a l e , $1 80.

New York Savings Banks
City of Newark, N. J., 4s,
Hudson County, N. J., Gold 4-s.
and Trustees.
i’H'c- a n d P c i r f fr i a l s r * on ApplfcRIioii.
M S T » KENT E PO N A P P !,I(!A T I« N
* T R F .E T .

104-370
104 338
103*437
101*277

§1 8 ,O u O

FOR

M th M

102*770
102*770
102*917
102*710

103*170
103*100

101*135

IN V E S T IV I E N T S

Investment Bonds

I f*

i ei*522

102 95 0

N E W LOANS.

i

E. H, ROLLINS & SONS.

ioSu

B o th
Is s u e s ,

10S*O2T

P r e m iu m .
P r e m iu m .
S e a s o n g o o d & M a y e r , O f n e i o . .. .$ 4 d t 00 T h e L & m p r e c h t B r o s ,C o .* C le v .,$ 4 5 5 1 0
D ie tz D e n i s o n & P r io r , C l a v e . .. 4 60 00 P a r s o n . L e a c h & C o .. C h i c a g o .. . . 380 GO
R u d o l p h K l e y b o lt e & C o ., C m .. . 459 00 F o u r t h N a t. B a n k . C o h u n b u s . . . 323 00*

TO TAL DEBT.
W a t e r - W o r k s B o n d s . , . . . .................................. $02,000 00
W a te r - W o r k s N t d e .......... .............. ................
2.000 00
G e n e r a l S t r e e t I m p r o v e m e n t B o n d s . . . . . . 29,C00 CO
R e f u n d i n g .................................. . . . . 41,000 00
P a v i n g B o n d s ......................... ................................
7,483 34
m \ ,«n t n m m m o f * H 4 o o d o P o v e r t h e : S e w e r B o n d s .
.
....................................
4,812 20
f u d m in i m u . T h e t o w n s h ip » t p r e s e n t is
M a r k e t G r o u n d N o t e s ................................ .........
3.098 63
m M r m f t t - m t m m d e b t, e x m p t th # © o « t o f t h e s e w e r
sfm m sh tM * w ill b e o p e n e d a t t h e T o w n R o o m s I n !
$179,794 ‘7
r%r.f <■;*(%,!.« J m r n t h l u n ta n t , a t « o 'c lo c k I*. M ., b y
A u t h o r is e d b y C ity ( ’b a r t e r , b e in g A c t N o . 533,
T wwoikfeip c .T m a d f t^ ri a l l b id # to b e a c c o m p a n ie d
L
n
i
l
A
c
ts
o
f
M
ic
h
ig
a
n
,
1887,
C
h
a
p
t
e
r
28,
S e c ti o n 18.
**
c h e ck f o r 5 p m c e n t o f p a r v a lu e of
snm>'~iWts-1 bidi f o r,
A c e r tif ie d c h e c k f o r $500 m u s t a c c o m p a n y e a c h
a&d**!}r i w a t a t t i m i r e a ^ P f e t t h e r t k h i t o rt»j«5Cl a n y b id . T h e r i g h t is r e s e r v e d t o r e f e c t a n y o r a ll bids*
lb ■« t o i>«. ra a rliw l ‘ IIId# ta t ih?w cr I h m d s ,"
O t h e r I n f o r m a t i o n w ill b e f u r n i s h e d o n a p p li c a ti o n
W 4 * a n d rv-^ufro*# f o f t m t h m in f o r m a t io n s h o u ld
G . CL S C R A N T O N ,
--s * M t™ * * i t o
N, H FO STER .
J u n e l , 1897.
_
_
C ity C o m p tr o l le r.
t m m im m m
C ra n fo rd , S . J „

*

$ 1 42,000
$25,000
C it y B t,n d $ . S e w e r B o n d s ,
. It 4*405
104 405
. 103**89
1 0P875
. 30S*1P«»
101**60
. 103*052
104*425
. 3G«*0ll
101*401

The bonds were awarded by the Finance Committee to Jas.
W. Longstreet & Co., but in consequence of the refusal of
that firm to accept the securities, the loin was awarded to
Jose Parker & Co. at their bid of 1U3'3S9 for the $142,000 of
city loan bonds and 104*875 for the $25,000 of sewer bonds*
Details regarding tbe maturity of the loans were given in the
C h r o n i c l e of June 5, page 1105.
Springfield, Ohio,—Bond Sale. -The following bids were
received on June 15, 1897, for the f 3,000 of water bonds of the
city of Springfield:

T ownship S e w e r B o n d s City of Sault Ste, Marie, Mich,
T h e t«oira.*.hip o f C r a n f o r d , U n io n C o u n t y . N ow
J«9r*4*y, i»
t o to m o c o u p o n o r r e g i s te r e d b o n d s ,
m
p u rcb m m r* m<*y d e s ir e , t o t h e a m o u n t o f
oo, p a y a b le i n t h i r t y y e a r s f r o m t h e 1 s t o f
J o l t n e x t- w ith i n t e r e s t a t 4 o r
per cent per
m m u m , p a y a b le l e m i a n n u a l l y ; t h e a m o u n t o f e a c h

[V ou L x i r ,

M EM BERS O F B085P0S A N D N K W T O H K
STO CK E X C H A N G E S .

R. L. D A Y & CO,,
4 0 W a t fr S tr e e t. Jloxton.
» S m m o -G reet. N ew V ork .

SOUTH DAKOTA.
P i e r r e . 8 . D., J u n e l , 1897.
N o tic e i s 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 t a ) 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, 1883, 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 i o u x F a l ls , N u m b e r s 1 to 24, b o t h
in c l u s iv e , o f $ 5 0 0 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 th e m a i n b u i ld i n g o f t h e D a k o t a U n i v e r s i t y a t V e r m i l 
l io n , N u m b e r s 1 t o 6u, 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, both*
i n c l u s iv e , o f $500 e a c h .
I s s u e d J u l y 1 st, 188d, l 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 , &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 I
t o 3 2 , 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 ir eon.-T rucL ton o f S c h o o l Of
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 I n c l u s iv e ,
o f $ 5 (0 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 is s u e d b y t h e
T e r r i t o r y o f D a k o t a , a n d a r c 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 in 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 ta te - o f S o u t h D a k o ta .

$ 2 3 0 ,0 0 0

City of Indianapolis, Ind.,
BONDS.
N o t i c e is h e r e b y g i v e n t h a t S E A L E D P R O P O S 
A L S w ill b e r e c e iv e d b y t h e B o a r d o f S c h o o l C o m 
m is s io n e r s o f t h e C ity o f I n d ia n a p o li s u n t i l 10
o ’c lo c k A . M ., o n T h u r s d a y , J u l y 1 ,1 8 7, a t t h e o ffic e
o f t h e B o a r d In t h e L i b r a r y B u ild in g , I n d ia n a p o li s
In d ia n a , f o r T w o H u n d r e d a n d T w e n ty T h o u s a n d
D o l l a r s ( l ^ 0 » 0 0 6 ) t e m p o r a r y lo a n i n a n t i c i p a t i o n
o f t h e r e v e n u e s . N o t e s t o b e d a t e d J u l y 3 ,1 8 9 7 , a n d
p a y a b le J u n e 3 0 ,1 8 9 8 , E n v e l o p e s m u s t b e m a r k e d
" P r o p o s a l f o r L o a n ”, a n d a d d r e s s e d t o t h e B o a r d
o f S c h o o l C o m m is s io n e r s . T h e r i g h t la r e s e r v e d t o
r e j o c i a n y o r a ll b id s,
BY O R D E R O F T H E B O A R D O F SC H O O L COM 
M IS S IO N E R 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 S 1 1 . 0 0 0 W a t e r W o r k s
B o 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 t y y e a r s b u t p a y a b le a t t h e
o p tio n o f t h e t o w n a l t e r fiv e y e a rs .
B id s w a n t e d
f r o 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 io 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 l o r a d o .

THE

J unk 19, 1897.]

C H R O N IC L E ,

The securities were awarded to Seasongood & Mayer. The
bonds bear 5 per cent interest and will mature in twenty two
years from date of issue, both principal and interest being
payable at Springfield or at the Imp. & Traders’ Nat. Bk., N. Y.
South Bend, Ind.—Bond Sale—The following bids were
received on June 15, 1897, for the $10,000 of street improve
ment bonds of the city of South Bend :
T r o w b r id g e & C o.. C h i c ............$40,531 00 ‘
M a so n , L e w is & C o., C h ic ........ 40,409 50
F a r s o n , L e a c h & C o.. C h i c — 40.157 00
F o u r t h N a t. B a n k , C o lu m b u s . 40,103 25
S p itz e r & C o., T o le d o ................. 40,075 00

D e itz . D e n is o n & P r i o r ............$40,033 17
S. A , K e a n , C h ic ........................ 40,000 00
C i ti z e n s ’ N a t. B k ., S o . B e n d .. 40,000 00
S t. J o s e p h C o u n ty S a v in g s
B a n k , S o u t h B e n d ................. 40,000 00

The bonds were awarded to Trowbridge & (Jo. The securities bear 6 per cent interest, payable semi-annually and will
mature io tf n years from date of issue.
South Orange Township (N. J .) School District. —Bond
Sale. - The following bids were received on June 16, 1S97, by
N. R. Burgbardt, District Clerk, for the purchase of the $25,009 of 5 per cent school building bonds.
E . D . S h e p a r d & C o., N e w Y o r k .
N . W . H a r r i s & C o., N e w Y o r k ..
H e n r y K . W ils o n , N e w Y o rk . .
B e n w e ll & E v e r i t t . N e w Y o rk .
W . J . H a y e s & S o n s , C l e v e la n d .
R u d o lp h K ie y b < » lte & C o .. N . Y ..
P r o v id e n t I n s titu tio n f o r S a v in g s . J e r s e y C ity ...........................
F a r s o n , L e a c h & C o., N . Y ...........

108*2701 B e r t r o n & S t o r r s . N e w Y o r k . . . 106*140
107*570 K dw . C. J o n e s C o.. N e w Y o r k . . 106*070
107*364 ! W . E . i t. S m ith . N e w Y o r k ........ 106*060
107*030 I F r a n k l i n I n s t i t u t i o n f o r S a v 106*950
in e s . N e w a r k ................................... 105*500
106*890 | S. A . K e a n , C h ic a g o ....................... 103*500
1 S a v in g s I n s t i t u t i o n & T r u s t C o.,
106*830
S o u t h O r a n g e .................................*103*125
106*175 | P e o p l e ’s B a n k , S o u t h O r a n g e . .+101*125

* F o r $15,000 l o n g - te r m b o n d s .

+ F o r $10,000 s h o r t - t e r m b o n d s .

The bonds were awarded io E. D. Stieparcl & Go. The
securities are of the denomination of $1,000 and $1,500, dated
July 1, 1897: interest is payable semi-annually and the prin
cipal will mature as follows: $10,000 at the rate of $1,000 per
annum from July 1, 1898 to 1967, inclusive, and $15,000 at the
rate of $1,500 per annum from July 1, 1908 to 1917, inclusive.
Snffolk County, N. V.—Bonds Authorized.—The Treasurer
of Suffolk County has been authorized to issue court-house and
jail bonds to the amount of $15,000. The securities will be of
the denomination of $5,000 each and will mature in from 1906
to 1908, inclusive.
Tamaqua, Pa.—Bond Election.—A proposition to borrow $50,000 to pay the cost of improving the water works will be put to a
vote of the people of the town of Tamaqua on July 20, 1897.
Taunton, Mass.— Bond Offering.—Proposals will be re
ceived until 7:30 P . M ., June 22, 1897, by Edward H. Temple,
City Treasurer, for the purchase of $125,000 of 4 per cent
electric-light bonds. The securities will be dated June 1,

1897; interest will be payable semi-annually on the first days
of June and December, and the principal will become due
June 1, 1927, both principal and interest being payable at the
Atlas National Bank of Boston or at the office of the City
Treasurer of Taunton. The bonds are issued under Section 4,
Chapter 370 of the Statutes of 1891; they will be secured by a
sinking fund and will be in the form of ooupon bonds of the
denomination of $1,000 each or registered bonds of $1,000 or
any multiple thereof.
Thomasville, (la.—Bond Sale.—Water-works and sewer
bonds to the amount of $35,000 have been sold to N. W. Har
ris & Co., of Chicago, 111.
Toledo, Ohio. — Bonds Froposed.—The Gas Tius'ees of the
city of Toledo have asked that the necessary legislation be
passed to authorize the oity Io issue $250,000 of bonds for the
erection of an artificial fuel gas plant.
Trinidad, Colo.— Bond Offering.—Proposals will be re
ceived until 7:80 p. m ., July 28, 1897, by Geo. C. Bateman,
City Clerk, for the purchase o' $33 5,000 of 5 per cent water
works gold bonds. The securities will be of the denomina
tion of $1,000 each, dated April 1,1897; interest will be pay
able semi-annually and the principal will mature in fifteen
years from date of issue, subject to call after ten years, pay
able at the First National Bank of New York City. Each
proposal must be accompanied by a certified check for 3 per
cent of the amount bid for.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Washington Township, Ohio.— Bond Sale.—On June 14,
1897, the $1,000 of 6 per cent bonds of Washington Township
were awarded to the Boesels Bank of New Bremen. Ohio, for
$1,016. The securities are of the denomination of $200 each,
and will mature at the rate of $200 per annum from April 1,
1898 to 1902. inclusive.
Waterville, Minn.—Bond Offering.—Proposals will be re
ceived until 5 o’clock p. m ., June 25, 1897, by C. P. Dolan,
President of the Common Council of Waterville, for the pur
chase of $12,COOof 6 per cent water-works and electric-light
bonds. The securities will be of the denomination of $1,000

N E W LOANS.

INVESTM ENTS

8 7 0 , 0 0 0

8 3 3 5 ,0 0 0

TRINIDAD, COLORADO,
51 W A T E R - W O R K S BONDS.
T h e u n d e r s i g n e d w ill r e c e i v e s e a l e d b id s u n t i l J u l y
2 8 th . 1807. a t 7:30 P. M. fo r a n i s s u e o f 8 3 3 5 , ( 1 0 0
5£ S e m i- a n n u a l 10-15 y e a r ( o p ti o n a l) W a te r - W o r k s
G o ld B o n d s , d a t e d A p r il 1 s t, 1897. d e n o m i n a ti o n s
$1,000 e a c h , p a y a b le a t t h e F i r s t N a t io n a l B a n k , N e w
Y o r k C ity . E a c h b id m u s t b e a c c o m p a n ie d b y a c e r 
t if ie d c h e c k o f 3^6 o f t h e p a r v a lu e o f t h e b o n d s b id
f o r , t h e c h e c k t o b e p a y a b le to t h e o r d e r o f C ity
T r e a s u r e r , T r in i d a d , C o lo r a d o .
T h e r i g h t is r e s e r v e d t o r e j e c t a n y a n d a ll b id s.
F o r a d d it i o n a l i n f o r m a t i o n a d d r e s s
G E O R G E C. B A T E M A N .
C ity C le rk , T r in i d a d , C o lo r a d o .

C H E L S E A , MASS.,
30-YEAR

A* REG.

IN V E S T M E N T S .

WHANN & SCHLESINGER

M U N IC IP A L

BONDS.

P R I C E T O N E T 3J&6.

BONDS.

8 7 5 ,0 0 0

FALL RIVER, MASS.,

2

W ALL

P R I C E T O N E T SfcSJf.

M ills

YORK.

&

B lanchard ,

BANK ERS.

S E C U R IT IE S M A IL E D O N A P P L IC A T IO N .

B A N K E R S ,

O O

B O U G H T A N D SO LD.

D ev o n sh ir e

HI G H -G R A D E

PR IC E

NEW

F U L L L I S T O F M U N IC IP A L A N D R A I L W A Y

3 1 N A S S A U S T .. N E W Y O R K .

CJTY OF

QUINCY,

STREET,

3 0 -Y EA R 4l' REG. BONDS.

C. H. W H I T E & CO., M UNICIPAL BONDS

NEW L OAN
8 1 a 0 , 0

1199

State, Municipal, County, School

MASS., 4s.

BONDS.
L e g a l I n v e s t m e n t s f o r S a v in g s B a n k s in N e w Y o rk
a n d a ll N e w E n g la n d .

ON A P P L IC A T IO N .

Farson, Leach & Co., Rudolph Kleybolte & Co,,
C H ICA G O ,

NEW YORK.

1 15 D earborn S t.

2 W a ll St

ADAMS & COMPANY,
B AN KER S'

B A N

K |E R S ,

N . W . C o r . 3<l A W a l n u t S t s . ,
C in cin n a ti, O h io.
4 1 an d 4 3 W a ll S t, and
4 7 E x c h a n g e P la c e , N. Y . C ity.
LIST S

M A ILED

UPON

BOSTON.

WI LLI A M B. D A N A C O M P A N Y ,

fro m

76*6 P i n e S t r e e t , N e w Y o rk .

121 Devonshire Street,
BOSTON
C IST S SE N T UPON A P P L IC A T IO N .

W. J. Hayes & Sons,
BANKERS,

3 1 N A S S A U S T . (B a n k o f C o m m erce B ld g.),

8 t r e e t R a ilw a y B o n d s , a n d o t h e r h ig h - g r a d e i n v e is tm e n ts .

and

Municipal Bonds,

Member* o f B o s to n S to o k E x c h a n g e .

BANKERS,

DEALERS IN M UNICIPAL BONDS,

I N V E S T M E N T BONDS, Government
No. 7 Congress and 31 State Streets,

E.

MU NI CIP AL BONDS.
C. S T A N W O O D 8b Co.,

N. W. HARRIS & CO.,
BANKERS,

D E A L E R S IN

S e c o n d - H a n d S e t o f C h r o n i c l e V o lu m e s ,
A 1866
t o 1896, f o r s a le .

A PPLIC A TIO N .

B u ild in g,

IO S ta te S treet, B o s to n , M ass.

B r o o k l y n 4 h,
C h i c a g o 4 m,
C r a i i H t oii 4 h,
C o l u m b u s 4 n,
D a y t o n 4 h,

OFFER:
E v u n H v i l l e 5 m,
G a l v e n t on 5 s ,
H a r t f o r d S c h o o l 4»,
N e w Y o r k C i t y 3J^*,
N e w Y o r k S t a t e 3 m.

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 » o ld t o a d
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 .

BOSTON, MASS.,
7 E x c h a n g e P la c e .

C le v e la n d , O h io,
3 1 1 - 3 1 3 S u p er io r S t.

Cable A d d r e s s , “K E N N E T H ”

Blodget, Merritt & Co.,
BANKERS,

16 Congress Street, Boston.

J. P. Wintringham, 36 Pine St„ N, Y ,1STATE CITY

& RAILROAD BOND*

T H E CHRONICLE.

1200

[ V o l , LXIY.

Guarantee and Trust Company of Wilmington at a premium
of $258.
Winnebago (Minn.) School District.—Bond Sale.-—In May,
1807, this district sold to the State School Fund of Minnesota
$17,000 of 1 per cent school bonds. The interest on the securi
ties is payable annually and the principal will mature as fol
lows: $15,000 at the rate of $1,000 per annum from July 1,
1902 to 1816, inclusive, and $2,000 July 1, 1917,
Wiuthrop, Mass.—Temporary Loan.—A temporary loan of
tYeitertf, It. t Bond Sctm.—,) . M. Pendleton, Treasurer $30,000 was awarded by Winthrop to Ghaa. Weil & Co. of
,( ■ i„*,vu Of Wesicrly, reports to the ChrOOTCI.K that Boston at a discount of 3-90 per cent. The following bids
wtrg to a k>*..k1deal of conflict between contending parties were received.
Rots of Phcwmt.
Halt of IHtsGQUnl.
m \v7~<- rlv over the purchase of the water-works, he has <l«- Chaa. Weil & Co»* Bomiou,..*.........
2*00 Estabrook & Co.. B o s to n ....,-...,. 300
riin. d to serve longer as Town Treasurer, and Mr. A. H. Bond & Goodwin, Boston... . . . . . . . 2 07 Rogers, Newman & To! man. Bos.. 3*l«
J u s . VV. L o n g s t r o o t &, Co., B o s to n .A S T 5
I nntworthy has been appointed his successor. In regard to * Ami premium of 1-1 26,
U . s p st d issue of $20(1.000 of water-works bonds, it was
The loan was issued in antici nation of the collection o/
, a to leave the entire matter to the Town Council and to taxes and becomes due December 9, 1897,
accept the privilege granted by the Legislature to Issue the
VYorcester, Mass. —Bond Sale.—The following is a com
. . . The Legislature, however, it is claimed, did not grant plete list of the bids received for the $300,000 of i per cent
ihe town the right to exceed the 3 per cent limit of debt, registered bonds of the city of Worcester.
which, among other things is necessary, and hence it is A dams & Co„ Boston.... ........113*722 Blodget, Merritt & Co., Boston. 112*84°
& Co.. Boston.. ....113*667 , J as. W. Longstreet &■Co., Boston.ll2'7$*
thought that the whole matter is therefore delayed for a N, W . Harris
& Co., Boston............ 113*452 Horace S. Homer & Co., Boston,112*168
i tme until more careful legislation, can be procured and more Kstnbrook
Blake Bros. & Co., Boston__ ...113*440 Third National Bank. Boston...112*03°
It. L, Hay & Co., Boston.............. 113*350 W . I. Quintard, New' Y o rk ...— 112*030
explicit votes paasrd by the town.
S3. H . Rollins & Sons, Boston.... 113*319
A. Fern aid A Co., Boston.. .112*017
Tf-enotts to the amount of $150,000 which were author- S3. C. Stanwood A Go., Boston...113*299 Geo.
G. II. White & Co., New York— 111*750
The bonds were awarded to Adams & Go. The securities
d fur water-works purposes, pending the sale of bonds to
retire them, have not ail been issued. Mr. Pendleton sold are dated April 1, 1897, and wilt become due in thirty years
one bitvek of 825000, notice of which has already been re- from date of issue.
cordt'd; the balance will probably be issued soon. The town
Loan Authorized.—fFhs Legislature of the State of Massa
chusetts has authorized the city of Worcester to borrow
has v o te d to buy the present water-works at $175,000.
11 hit. field. N. H.—Bonds Proposed.—-The people of this $1,000,000 for the construction of a new sewerage system.
Youngstown, Ohio—Bond Offering,—Proposals will be re
municipality have under consideration a proposition to issue
ceived uQtil 2 o’clock P. M., June 28, 1897, by F. C. Brown,
wa’.er bonds to the amount of $10,000.
tl hi lest one, N. Y.—Bonds Authorized.—On June 14. 1697, City Clerk, for the purchase of $6,400 of 5 per cent street im
the . itizer s of Whitestone voted;m favor of a proposition to provement bonds and $5,000 of 5 per cent sidewalk bonds.
Interest on the securities will be payable semi-annually at the
issue $50,000 of road-improvement bonds.
IVihuiugton, lie!.—Bond Safe.—The $75,000 of 4 percent office of the City Treasurer, where the principal also will be
street and sewer bonds maturing as follows: $37,900 October payable. The $6,400 of street improvement bonds will ma
1, lSiio, and $37,100 April 1,1926, were awarded to Estabrook ture as follows: $2,000 on Got. 1, 1898; $2,000 cn Oct. 1, 1899,
& Co. of Boston at 10(3-79, and the $15,000 of 4 per cent cre and $2,400 on Oct, 1, 1900. The $5,000 of sidewalk bonds will
matory bonds due at the rate of $1,500 per annum from Oct mature at the rate of $1,000 per annum from Oot. 1, 1898 to
ober 11898 to 1907, inclusive, were awarded to the Equitable 1902, inclusive.

. « ti: ir.SiTt'st will be payable seml-annuttlly and the principal
v. til mature in twenty years from date of issue,
Wauseoa, Ohio. Sn!e Pustpeoied.—The sale of tin1
( • i oi w u. r-w< i ,.s bonds of the village of Wiiuseon.waa
,
! t fti June 7 to July 12, 161)7. The securities will
• .
tuition of SI.000 each; interest will be pay*
, ,nr unity cm the first day of September and the principal
.Mi! mature at the rate of $1,000 per annum, beginning with

M ISCELLANEO US.

IN VESTM EN TS .

1850.

$155,000

FINANCIAL,

1897.

Ladd & Tilton,

Territory of New Mexico 5s, The United States Life
1.»smwl under mid controlled by act of the United
Mute*
Population. 200,000. Assessed
Insurance Co.
Debt loss than» per cent. We

BAN KERS,

PO R T L A N D , OREGON.

regard finally strong as bonds of the Government,

IN T H E C IT Y OF N E W Y O R K .
ESTABLISHED IN 1859.
A ll p o lic ie s n ow iss u e d by t h is Company
T r a n s a c t a G e n e r a l B a n k in g B untne**
co n ta in th e fo llo w in g c la u s e s t
PrhN- j-md particulars upon application.
“ A fte r one y e a r from th e d a te of iss u e ,
Co lle c t io n s G iv e n S p e c ia l A t t e n t io n .
M A S O N , LEWIS
CO. ,
th e lia b ilit y of th e Com pany u n d er th is
J a m es R ic h a r d so n
H o w a r d L e e Cl a r k
policy s h a ll not, be d isp u ted .”
B A N K K R 8,
** T h is policy co n ta in s no r e str ic tio n
BOSTONs W orth in gton B ld g., 3 1 S ta te S t.
CHICAG O* 1 7 1 H a S a lle S t. w h a te v e r upon th e in su red , in resp ect
e ith e r o f tr a v e l, resid en ce or o ccu p a tio n .”
BANKERS,
A ll D e a th C laim s p aid W IT H O U T D I S 
GOVERNMENT,
COUNT a s soon a s sa tisfa c to r y p roofs h a v e
25 Exchange Street, Providence, It. I
b een re c e iv e d .
m K 1 0 -‘2 0 AND 2 0 - 3 0 Y E A R S ,

Richardson & Clark,

MUNICIPAL,
A c tiv e a ru l S u c c e s s fu l A g e n ts , w i s h i n g to
STREET RAILWAY, r e p r e s e n t t h i s C o m p a n y , m a y c o m m u n i

BONDS.

o f f ic e r s :

EDWARD C. JONES CO.,
w? *"ft U K TN trr - TICKET,
P H IL A D E L P H IA .

1 N ASSAU S T R E E T ,
N EW YO RK.

W N. Coler & Co.

G E O R G E H . B U R F O R D .................P r e s id e n t

U P. F R A L E IG H ......................
........Secretary
A. W H E E L W R IG H T ............... .Assistant Secretary
W IL L IA M T . S TA N D E N ....................... ....Actuary
A R TUTJ R C. P K HR Y .
............ ...........
Cashier
JO H N P. M U N N ................ ..............Medical Director
FINANCE COMMITTEE?

GEO. G. WILLIAMS........... Pres, Chem. Nat. Bank
JOHN .1. TUCKER...................
Builder

E. H . PERKINS, A i l , Pres. Imp. & Traders’ Nafc.Bk
JA M ES R. P L U M ....................
Leather

B A A kER h

g tig itx e c m

MUNICIPAL BONDS

F.

J.

C O N S U L T IN G

34 NASSAU STREET

DIETZ, D E NISON & PRIOR,
O t t X f S R f tM H

HU*

STR EET,

*

BOHTON.

Btwmet* Cleveland O.
i. R o

.H lJ J U C U P A i

d,

s p , ( ‘f K I I IK S .

I f i«ta .t.r w d l' I V n r r n n l* ft M jJCcttllly

Ai). ft® Broadway, New York.

e /b .c i! lL .f Q u f e e / t/ fc C o
B A N K E R S,
18

W ALL

STREET,

NEW

YORK.

FstabliH hed 1 8 6 5 .
M EM BERS OF N E W YORK STOCK E X C H A N G E
Allow interest on deposits subject to sight choc*.
Buy and sell on commission stocks and bond* either
for cash or on margin, ami deal in

Investment Securities.
H . 3. M o r se , caxs. D. M a r v i n , w . m . K ib o b r

~ SEC U R E BANK VAULTS

E N G I N E E R

COLUMBUS, O H IO.
Examinations and Reports Made for
________ KlirmtRNCBS

L I8 T

City and County Bonds.
m

P ic a rd ,

Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties"

~ 3 A KK I N V E S T M E N T S .
SEND FO R

Commercial Paper, Bonds, Stocks and
lo c a l Securities.

ca te w ith th e P re s id e n t, a t th e S o m e
Office, 2 6 1 B r o a d w a y , N e w Y o r k .

S E N T.__________

[os. O. Osgood,
M. AM. 800. C. B.,
1*0 BROADW AY, NEW YORK.

GENUINE
WELDED CHROME STEEL AND IRON
Hound end Hat. Bars and6-p!'- Plates and Annies
FOR SAFES. V A U L T S , Ac.
, ,
Cannot be Sawed, Cut or Drilled, ami positively
Burglar Proof.

CH R O M E ST E E L W O R K S ,
Kent A ve., Keap & Hooper 8ts.

REPORTS ON INVESTMENT PROPERTIES. Sole Man’f ’ora in the U. 8. B R O O K L Y N . N» Y .
Railroad Location and Construction,

R. T Wilson & Co.,
BANKRH8 AND COMMISSION MERCHANTS
3 3 W a ll S tr e e t, N ew Y ork .

C h r o n ic le Vo l a m e s .
A second-hand set from 1866 to 1895— 56 Volumes,
for sale,

W ILLIAM B. DANA COMPANY,
P in e B treet, N ew Y o rk .
Full text of Commercial and Financial Chronicle : June 19, 1897, Vol. 64, No. 1669

FRASER
