Full text of Commercial and Financial Chronicle : June 20, 1896, Vol. 62, No. 1617

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HUNT’S MERCHANTS’

M A G A Z IN E *

a i::i'i(;> K \ rT iX (r TU B INDUS PRIAL AND COMMERCIAL INTERESTS OP TH E UNITED STATES.
fBnt-sre 1 . .->c tin? n> Act uf Coagraas, in the year 1396, by the W illiam B. D ana Companx , In the office of the Librarian of Congress.]

SATURDAY, JUNE 20, 1896.

VOL. 62.

%\xt (Chcauicle.

W eek ending J u ne 13.
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n e w YORK

C LE ARIN G HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings o f all the clearing houses
of the United States for the week ending to-day, June 30.
have been $1,035.705,817, against $053,090,663 last week and
$1,060,813,583 the corresponding week o f last year.
Week Ending June SO.

C tR A R iN O S .

Returns Op Telegraph.

1898.

1895.

P<r Omit.

Philadelphia.............. ...........
Baltimore.............................
Calcago ..............................
St- L o a n ................. ......... .
New Orleans......... . ...........

$507,507,755
88,458,182
55,701,192
10.772,904
70.039,768
20,028,920
0,202,731

$514,018,878
67,078,949
85,523,826
11,812,825
76,682,814
19,324,870
6.395,831

-1 *3
4*2*1
—14*9
-7*2
-0*9
+3*8
-3 0

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

$744,769,452
124,791,408

$760,637,793
120,047,228

—2*1
-L G

total all cHles, 5 d a y s ...
A h cities, 1 d a y ......................

$389,580,920
160,234,927

$886,085,021
173,557,582

-1*9
—i*2

$1,060,242,583

-2 * 3

SAW York......................... .
B o s to n

--------------

--------------

Totalal) cities lor w eek.

$1,035,795

4 m

NO. 1,617.

N ew Y o rk .
P h iladelphia,
P itts b u r g ....
B a ltim o re ,...
B u ffa lo ....... ■*
W ash in gton .
R o c h e s t e r ....
S y r a c u s e .. . . .
S c r a n to n .—
W ilm in g to n ..
B in gh am ton
T o ta l M id dle
B o s to n ...............
P ro vid e n ce ,
H a r t f o r d ................
N ew H a v e n . .. ,, .. .
Springfield
W o r c e s t e r ... .. ..
P o r tla n d — . . . .
Fall R iver,
L o w e l l .............. .
N ew B e d f o r d ......
T o ta l N ew Em?..
C h icago...................
C in c in n a t i..........
D e tr o it............ .
C le v e la n d ................
M ilw aukee
Col am bus
Indianapolis
Peoria,
T oled o,
G rand Rapids
L e x i n g t o n ,.
K a la m a z o o ..
A k r o n ,.. .
Springfield, Ohio,
C a n t o n .......... . ..
D a y to n * ...........
T o t . M id . W e s t’ nSan F r a n c is c o ......
Sait L ake City
P ortlan d
L os A n geles
H elena.
T acom a,
S e a t t le ....
Spokane,
F a r g o . . .. . .
S iou x Falls
T otal P a c i f ic ....
K ansas City
M in n eapolis...
Om aha..
St, Paul
D e n v e r ....
St. Joseph
D es M om es
S io u x City
I .-lo c o in ...
W ich ita ,
T op ek a.
Frem ont,
H astin gs
T o t . o th e r W est.
St. L o u is ......... .
New O rle a n s.,. . . . .
L ou isville.,
G alveston .
H ouston
Savannah
R ich m o n d .
M em phis
A tla n ta .............
Dallas.
N a sh ville..
N o r fo lk ....
W a co
Fort W o rth .
A u gusta. . ..
B irm ingham .
Tattle R ock,..
J a ck so n v ille
C h attanooga.
K noxville*
T o ta l S o u th e rn .

The fall details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of cottr •?, 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.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, June.
13, are given below, and we also present the results for the
corresponding week in 1895, 1894 and 1893. In comparison
with the preceding week there is a loss in the aggregate
exchanges of about one hundred and seventy million dol­ T o ta l all
O utside N . Y ork,
lars. tmt at New York alone the decrease is one hundred and
two millions. Contrasted with the week of 1895 the total for
the whole country shows a decline of 8*5 per cent. Compared Montreal
with the week of 1884 the current returns record a gain of Toronto,........ .
a lifa x ....
13't per f>*nt and the decrease from 1893 is 9*2 per cent. Out­ H
Winnipeg.
side of New York the decrease from 1895 is 5*4 per cent, Hamilton.
'f e ta l Ganafla . .. ..
The Qxc-SHH over 1894 reaches 5*9 per cent, and making cornpar non with 1893 the loss is seen to be 1*0 per cent.
* .Not included -in totalis.

1896

THE CHRONICLE.

1112

rvoL.

lxii .

It is more than likely that those who are interested
in lower prices for stocks, aided by the silver men and
The St. Louis Convention ought to mark a new era perhaps by others for political purposes,will exaggerate
of political platforms. It at least will be known as the the effect of the melo-dramatic withdrawal from the
occasion when the well-worn straddle, so long in use St. Louis Convention of the delegates from certain
for expressing the financial issue, was retired, and a silver States. Indeed, according to present appear­
positive, unambiguous declaration in favor of a gold ances, that is an idea already meeting with some sup­
standard for our currency was substituted. It is too port. Such a feeling is easily fostered after the ner­
much to hope that the event will be followed by a new vousness which has been so long prevailing. With the
count of years celebrated for like honesty in similar issue as it stands to-day there cannot be an honest
documents. A permanent change from the straddling doubt amoDg unprejudiced and well-informed men with
to the sincere form of presenting these questions would reference to the success of the ticket just nominated.
be worth much to the country as a mere matter of This will remain true as long, at least, as the outlook
morals.
But what more intimately concerns the is that the Democratic Convention will adopt a 16-to-l
point under discussion is that business classes platform. With such a creed a very large portion of
would thereby escape a long term of suffering the Democrats will vote for Mr. McKinley, notwith­
and all industrial interests be saved great harm. For standing his tariff notions. Those who understand
illustration we have this silver struggle and the the financial question sufficiently to be in favor
that
treatment it has received at political conventions. of sound money to-day do not admit
All the way through these years of distress the there can be any other issue until the question
method has been to so frame these platforms of standards is settled. We know something of the
as to express just enough of sound doctrine to hood­ intensity of this feeling and we know something of
wink men of ideas and yet to admit sufficient of the its extent. It prevails among the busy men and not
silver miner’s suggestions to secure them in the belief the noisy men, and with the issue as it at present
that their interests would be taken care of. Conse­ stands they will help in securing a safe and large ma­
quently it seems that while the larger part of the party jority of the electoral vote for the Republican ticket.
supposed it was voting for a reform and reconstruction In the improbable event of a sound money platform
of the currency, it has really been misled into helping to adopted at Chicago the issue would change somewhat.
disturb all values by encouraging and voting for the The new situation would confine the silver vote, so far
impossible purpose of doing something more to add to as the Electoral College is concerned, to very few, if
any, besides the silver States, and could end only in a
the ruling price of the cheaper metal.
This method has thus been kept in operation, a cure sound money President (Republican or Democrat)
has been deferred, and the industrial suffering pro­ being elected by the people, or by throwing
longed, until every nostrum that could be suggested the contest into the House of Representatives. Of
has been tried for making value by legislation. Instead course, as the Republicans have in that body, even
of attaining through these devices the object sought, omitting the silver States, more than a majority of the
each effort has in its turn depressed more and more the States, their ticket in that event would beyond doubt
price of the metal sought to be benefited ; indeed it prevail. It is absurd to suppose that any Republican
was not until the last device had been repealed that the Congressman with silver leanings would vote against
decline in the market for silver stopped and a recovery the party. The political code does not admit of that
set in. At length, like all pure selfishness when given sort of action in this country. If there is one among
unbridled license, the silver party came out undis- that class who intends to secede he will do it openly
guisedly for the “ go it alone ” policy—putting at risk now or not at all. Any different course would make
every other man’ s industry, large and small, in a last the man an outcast without sympathizers in any party.
struggle to raise the price of their pet metal and the We state these facts chiefly for the benefit of our
shares of stock which represent i t ! Moreover—and foreign readers.
The satisfaction felt over the action of the Conven­
this is the least defensible phase of the effort— encour­
aging the ignorant portion of the farming population tion at St. Louis has been reflected in all our markets.
with the idea that silver (the product out of which In fact the improvement began early in the week, as it
they have made their millions upon millions became increasingly evident that the Convention would
and are seeking to make just as many more— declare emphatically and unequivocally for the gold
which no one would grudge them if they were standard. The price of Government bonds furnishes
using only honest methods) was the poor man’s an interesting barometer of the gain in confidence
metal, and that the effort in behalf of gold was a cru­ which has occurred. On Friday of last week United
sade by the rich against the poor ! Thus, by easy gra­ States 4s of 1925 were quoted at 116 f bid, 116£ asked.
dations, Populism was reached, and by a sort of retrib­ On Monday sales were made at the opening of our
utive justice Colorado, through a Populist govern­ Stock Exchange at 116f and from this there was an
ment, was required to take the earliest dose of its own advance to 117f. Tuesday the opening sale was 117-J
medicine. The moral these facts suggest is found in the and there was a further advance to 118^, the close
thought we started with ; and that is that a very large being at 118f. On Wednesday the range was 118 to
part of this suffering might have been saved, and a cure 118£ and since then the price has ruled in the
put in operation long ago, had it not been for this miser­ neighborhood of 118, the close yesterday being at 117|.
able practice the political platform makers of the past The buying of the bonds the early part of the week
have had of straddlingan issue instead of meeting it. We was quite active, and it was reported that some of it
suppose the busy classes will always allow themselves was for foreign account.
to be subject to the governance, in political life, of what
The foreign exchange market has also reflected the
are called politicians. But is there not some way of improved situation. It has been heavy and weak, and
^devising or fostering into life a race of politicians of nominal rates for sterling have been reduced half a
positive convictions, not afraid to state them?
cent per pound, and there was the same reduction at
TH E

F IN A N C IA L

S IT U A TIO N .

1

THE CHRONICLE.

Jc.vx 20, 1896.]

one time in the rates for actual business, though the
net decline for the week in this latter case is only oneqnarter of a cent. Moreover the export movement of
gold has been light, and the latter part of the week
ceased altogether. The shipments were on old orders,
1450,000 going Tuesday and $400,000 being engaged
Wednesday for shipment Tnursday. No withdrawals
occurred yesterday for export to-day. As bearing
on the state of the exchange market, the foreign
trade figures for the month of May, which the Bureau
of Statistics at Washington has issued this week and
which we summarize at the end of this article, are
quite instructive. It appears that our merchandise
exports exceeded our merchandise imports in the late
month in amount o f over 9} million dollars ($9,561,000), this comparing with a balance against us in
May of last year of $1,762,000.
In addition
we had a favorable balance on the silver move­
ment (deducting the value of the
precious
metals in oie) of $3,150,000
making a net
favorable balance of almost 12} million dollars. Yet
with such a balance to our credit, we were obliged to
export nearly 184 million dollars gold net— $18,494,000. No better evidence could be offered than these
figures afford to show that the outflow of gold is due
to our currency situation and not to the state of our
foreign trade. Is not the conclusion also justified that
it only needs the restoration of confidence in the sta­
bility of our monetary standard to check the outflow.
In a subsequent article we review the half-yearly
statements of the Lake Shore & Michigan Southern
and the Michigan Central, and show that the changes
as compared with 1895 have on the whole been unim­
portant.
We have also this week had the pre
limioary return of the New York Central for the
quarter ending June 30 (in part estimated of course)
and this makes a very encouraging exhibit, showing
materially better results than a year ago. In the gross
the improvement is quite small, as we should expect
considering the prevailing industrial situation, the
increase being only about $275,000,
or less
than 2 } per cent.
But this increase in the
gross receipts has been attended by a reduction
in expenses, and as a consequence the addition to the
net is over half a million dollars, the total standing at
$3,530,000 the present year, against $2,993,918 last
year in these three months. The charges being sub­
stantially the same in the two years, this means that
the amount earned for the stock the present year was
$880,000, against only $342,331 in 1895. The one per
cent quarterly dividend calls for just a million dollars,
and thus the deficiency below the amount needed for
the purpose was no more than $120,000 in 1896, against
$657,669 in 1895. We may say that a deficit in this
quarter is quite usual, and that in 1894 the amount of
the deficit was as much as $803,653. The following
compares the results for this quarter for the last five
years:
JHtW.
f
O t o m earn*___ 10,770,000
Oper. expen se* 7,240,000

N. Y. C e n tr a l-

Net earning*.
F ixed charges

8.530,000
2,860.000

------------------A p r.l 1 to June 30
1893.
1805.
1804.
1
f
1
11,tWl3.fi 53
9.916,587
10.494.668
9,250,443
6,914.594
7,600,750
2.993,018
2,651,687

3,000,993
2,626,228

3,713,610
2.565,389

1892.

1

10,920,448
7,590,311
3,330,137
2,304.384

936,753
1,148,121
880.000
374.765
Profit. ...........
342,331
Dividend......<lf)1,0fTO,00«l (1J)1,00(M>00 <lJO 1,178,118 CtJ<)I,117,8M (IX ) 1,117,854
Balance....... def. 1 * M » »

def.

d e f. 803,853

»ur. 30,397

def.

188,101

It will be observed that gross earnings, while better
than in 1895 or in 1894, are $1,194,000 below those
for the corresponding period in 1893, demonstrating
how much less favorable the trade situation was the

1113

preeent year. But the saving in expenses a3 compared
with that year has been almost as large, leaving a
decrease in the net of only about $183,000; and the
present year’s net i3 in excess of that for any other
year with that exception. The June quarter completes
the company’ s fiscal year, and we shall expect to
review the results for the year next week. We may
say, however, that the showing for the twelve months
is quite satisfactory, there being a small surplus (on
the basis of the present preliminary figures) above the
four million dollars required for the four per cent
dividends, against a deficiency of nearly 1} million
dollars the previous year, though in that year the divi­
dends paid aggregated 4£ per cent. The actual amount
available for dividends was $4,031,000 for the fiscal
year 1895-6, against only $3,122,414 for 1894-5.
As far as earnings generally of United States rail­
roads are concerned, current returns continue to re­
flect the lessened activity in trade which the events of
the last few months have caused. For the month of
April our compilation, comprising 136 roads, shows only
a very small gain in gross, while the net actually falls
below the total of a year ago. For May only a few
early returns have come in yet. The Pittsburg
Cincinnati Chicago & St. Louis, forming part of
the Pennsylvania Riilroad system, reports $27,927
increase in gross and $76,661 increase in n e t; and the
Pittsburg Youngstown & Ashtabula, also forming a
part of the same system, reports $21,246 increase in
gross and $10,281 increase in net. The Nashville
Chattanooga & St. Louis has gross of $392,859 against
388,066, but net of $125,970 against $146,915. The
San Francisco & North Pacific reports gross of $68,941
against $78,395, and net of $24,436 against $26,707.
Below we compare the earnings for four years of a few
roads which have submitted returns this week for
either April or May.
Name o f Road—
Nash. Chat. A St. Louis.

Net
Pitts. Cln. Chic. A St. L ..— Gross
Net
Pitts. Youngs. A Ash—
Net

■ —
1896.
c
392.869
125,970
1.217.834
201.942
171,886
76.938
1890.

Name o f Road—
Col. Hocking Valley A Tol..Gross
Net
Flint A Pore Marquette.
Net
Grand Trunk....................
Net
Net
Sav. Florida A Western.

Net

1
212.662
92,616
223,472
51,693
1,462,905
436,943
286,823
121.249
286.062
67.983

------- May E a m in os.—
1895.
1894.
«
$
388.066
358.642
146.915
129,601
L189.906
1,079,084
215,281
129.046
160*640
87,810
06,657
28,493
lif05.
*
190.867
72,858
227.087
62,934
1,422.819
431.366
235,535
120,987
261.463
89,226

1894.
?
231.156
112,340
190,927
46,471
1,355.801
353,432
245,101
96.520
235,780
05,920

1893.
*
414,376
149,598
1.394.572
323,020
161,718
86,895
1893.
*
270,830
111,982
263,615
78,059
1.490,954
410,301
294,817
107,971
262,090
100,683

Response was made on Monday by the specially des­
ignated depositary banks to the call issued last week
by the Treasury Department for the balance of the
money remaining with them on bond account, and
$4,000,000 was turned over to the Sub-Treasury on
that day. Washington dispatches state that originally
$31,634,152 of the proceeds of the bonds were
paid into the depositary banks. The proceeds of
the bond sale were $111,166,232, principal, pre­
mium and interest.
The amount paid at the
New York Sub-Treasury was $65,642,668 and at other
sub-treasuries $14,078,792. The amount withdrawn
for the avowed purpose of export from January 6 to
June 16 was $34,643,798 and for jewelers’ bars $2,607,259.
The amount withdrawn for other purposes,
largely in order to obtain gold with which to pay for
the bonds, was $40,088,282.
The transferring of the $4,000,000 above noted
by the depositary banks to the Sub-Treasury
tended to cause some activity in money on call

1114

THE CHRONICLE.

[V ol. LAII.

early in the week and loans of bankers’ balances ounce on Thursday, but yesterday there was a
The market opened on
were made on Monday at 2 i and at 3 per cent, reaction to 77s. 9£d.
though only small amounts were placed at the last- Monday unchanged as to nominal rates com­
named figure. Subsequently the increased busi­ pared with Friday of last week, but rates for
ness on the Stock Exchange served to keep the actual business were reduced one quarter of a cent, to
rate firm and until Wednesday afternoon the 4 87i@ 4 874 for sixty day, 4 884@4 884 for sight and
bulk of the business was done at
per cent, with a 4 884@4 S8f for cable transfers, and the tone of the
few loans at 2. Later the market grew easier, and on market was easy. There was a reduction of half a cent
Thursday the largest transactions were at 2 per cent. in posted rates by Brown Bros. & Co. on the following
Yesterday the range was 2@2^ per cent, with the day and the tone was still easier, though it was
close at 2 per cent, and the average for the week has not until Wednesday that rates for actual business
been a small fraction below 2£ per cent. Banks and were lowered, and then they were quoted at 4 87
trust companies report 2£ per cent as the minimum. @ 4 874 f ° r longi 1 88@4 884 for short and 4 884
Though the business in time contracts has been light, @ 4 884 for cable transfers, and the B ink of
rates are more firmly held at 3 per cent for British North America, the Bank of Montreal,
thirty to ninety days ; 3£ for four months, 4 for Heidelbach, Ickelheimer & Co. and Lizard Freres
five to six and 44 for seven months, on good Stock E x­ reduced their posted rates half a cent. On Thursday,
change collateral. There is a good demand for the as already stated, the market rallied by reason of a better
be3t commercial paper, chiefly from local banks and demand, and it closed steadier. Heidelbach, Ickel­
institutions, out-of-town buyers having been supplied, heimer & Co. advanced their posted rates half a cent
at least for the present; but the offerings are moderate. and those for actual business were moved upward one
Rates are 4@4£ per cent for sixty to ninety day en­ quarter of a cent to 4 874@4 874 for long, 4 884@4 884
dorsed bills receivable, + @ o for four months’ com­ for short and 4 884@ ! 88f for cable transfers. In the
mission house and first-class single names, as also for opinion of good judges the reaction is only temporary,
prime four to six months’ single names, and 5^@G for and the character of the money plank of the Eepub­
liean platform is sure to have a good effect abroad.
good paper running for these periods.
There has been some little pslitieal tension in Europe Yesterday there was no change either in actual or
this week over affairs in Crete and on Wednesday it posted rates, and no withdrawals of gold for export to­
was announced that Venezuelan troops had entered the day occurred. During the week $200,000 gold has
territory in dispute between Venezuela and British been sent to Canada. The following shows the daily
Guiana and had interfered with a party of British sur­ posted rates of exchange by leading drawers.
veyors. The effect of this news upon the London
F r i .,
M o n .. TUBS.. W e d .. T h u r ..
F rt..
market for consols was, however, slight. The Bank of
Jun e 12. J un e 15. J u n e 16. J u n e 17. J u n e 18. J un e 19.
88
8 8 * -8
88
89
88 *
days.
88 *
England minimum rate of discount remains un­ Brown Bros........ |(60
89
89
89
S9*-9
89*
Sight....
89*
88 *
8S *
88 *
88 *
88*
88 *
changed at 2 per cent. The cable reports discounts Baring.
5 60 days.
89*
89*
89*
89*
89*
89*
Magoun & Co.. 1 Sight....
88
88
88
of sixty to ninety-day bank bills in London 11-16 Bank British 5 60 days. 88 *
88 *
88 *
89
89
89
89*
89*
No. Am erica.. \ Sight....
89*
of 1 per cent. The open market rate at Paris Bank of
88
88
88 *
88
88 *
88 *
SGO days.
89
89
89
89*
89*
89*
M ontreal......... i Sight,...
is I f and at Berlin and Erankfort it is 2 f per cent. Canadian Bank S60 days. 88
88
88
88
88
88
89
89
89
89
89
89
of Commerce. \ Sight....
According to our special cable from London the Bank Heidelbach,
88*
88 *
88
83*
88 *
88 *
Ick- j 60 days.
89
89*
89*
89*
89*
89*
elheimer & Co \ Sight....
of England gained £735,635 bullion during the week
88
88 *
88 *
88
88
88 *
5 60 days.
Lazard Freres.. < Sight....
89
89
89
89*
89*
89*
and held at the close of the week £49,079,193. Our Merchants’ Bk. ( 00 days. 88 *
88*
88 *
88 *
88 *
88 *
89*
89*
89*
1 Sich t....
89*
89*
of
Canada........
8
9
*
correspondent further advises us that the gain was due
to the receipt of £478,000 net from the interior of
The market closed a shade easier on Friday at 4 88@
Great Britain, to imports of £263,000 (£220,000 from 4 884 for 60 day and 4 89@4 894 for sight. Eates for
Australia, £28,000 from China and £15,000 from the actual business were 4 874@ f 874 for long, 4 884@
Continent), and to exports of £5,000 to Malta.
4 884 for short and 4 884@4 88J for cable transfers.
Influenced by the statement that the Eepubliean Prime commercial bills were 4 86f @4 87 and docu­
Convention at St. Louis would make a positive decl a- mentary 4 864@4 86f. Mr. Worthington C. Ford, the
ration in favor of gold in the money plank of the Chief of the Bureau of Statistics at Washington, this
platform, there was good buying of securities by the week issued the May statement of the country’ s for­
arbitrage houses for European account early in the eign trade, and we give the figures below in our usual
week, and at the same time offerings of- bills by form.
F o r e ig n T r a d e M o v e m e n t o p t h e U n it e d S t a t e s .
Kuhn, Loeb & Co. and other bankers who have
In the following tables three oiphers ( 000) are In all cases om itted.
recently placed securities abroad.
The
tone
---------------- 1895-96.--------------- >
--------------1894-95.----------- —
of the foreign exchange market gradually grew
Exports.
Im ports.
Excess.
E xp orts.
Im ports.
E x cels
I
S
S
S
S
easier, and by the middle of the week there had Me r c l i ’ di s e . S
Jnly-Sept...
171 ,0 8 2 ‘. 409,407 - 3 S .3 4 5
1 7 4 ,1 8 0 1 6 7 .8 4 7
+ 4 .5 4 2
been a decline in posted rates of half a cent O ot.-D ee.... 4 6 6 ,8 3 3 4 0 0 ,6 6 8 + 6 6 ,2 8 7
44S .4 S 4 1 7 4,723 + 7 5 ,7 6 1
4 4 0 ,0 9 0 1 9 7 ,6 7 5 + 4 4 ,5 2 1
4 0 4 ,3 7 4 1 9 5 .1 5 9
+ 7 ,2 1 5
by the majority of the drawers while rates Jau.-March.
April ...........
71,353
58,619 + 1 4 ,7 0 4
6 5,250
6 8 ,7 5 3
- 3 .4 9 4
64.267
6 6,029
- 1 .7 6 2
for actual business fell off half a cent. At the decline M ay.................. 66,525 5 6,964 + 9 ,5 6 1
7 5 4 ,5 7 0 67O .30S + 8 4 ,2 6 2
there was some buying for remittance and a lighter T o ta l....... 8 1 5 ,9 7 2 7 4 3 .2 8 1 + 9 4 ,7 1 1
G ol d.
offering of bills, due to selling of stocks by the arbi­ Jnly-Sept... 3 7 ,0 5 9
3,855 + 3 5 ,1 0 4
1 9,688
5,245 + 1 4 ,3 4 1
O
ct.-D
o c....
31,415
3,699 + 4 7 ,7 1 6
11,313
3,917
+ 7 .3 9 6
trage houses, which caused the market to re act, and it Jan.-Mnrch.
1 3,134
4 4 ,6 0 5
- 9 ,4 7 1
3 0.821
1 4 ,1 0 9
+ 1 6 ,5 1 2
was firmer on Thursday. On Tuesday L. von Hoff April............
3.782
1,120 + 4 ,8 6 2
4,894
4,921
- 4 ,0 3 0
1 9 ,1 0 4
610 + 1 8 ,4 9 4
1,585
4.856
- 3 ,2 7 1
mann & Co. shipped $350,000 and Heidelbach, Ickel- M ay.............
T otal........ 1 0 5 .3 9 1
3 0 ,8 8 9
+ 7 4 ,5 0 5
6 5,999
3 3,051 + 3 4 ,9 4 8
heimer & Co. $100,000 gold to Europe, and on Thurs­
S liv e r .
14.768
3,693
+ 1 1 ,0 3 9
11,621
2,761
+ 8 .8 6 0
day the first-named bankers sent $300,000 and the July-Sept...
O ct.-D ec....
15,168
3,275
+ 1 1 ,8 9 3
11,709
4.179
+ 9 ,2 3 0
latter $100,000, but it was stated that these shipments Jan.-March. 15,280
3,822 + 1 1 ,4 5 8
1 0,618
1,008
+ 9 .0 1 2
April............
5,140
560
+ 4 .5 7 1
4,030
991
+ 3 .6 4 6
were to fill an old order. The price of gold bullion in M
ay..............
5,159
564
+ 4 ,5 9 5
4,565
750
+ 3 .7 9 9
London was reported at 77 shillings 9f pence per
T o ta l.......
55,515
1 1,929 + 4 3 .5 8 0
4 3 ,1 3 9
8,593 + 3 4 ,5 4 6

THE CHRONICLE.

J une 20, 1896.]
E xp orts.
G o ld in O r e .
JoJjr-Sept,.
Oet,-Dee . . .
Jaa.-aAarc&.
April.......... .
May.

- 1 8 9 5 - 9 6 .Im ports.

T o t a l......
583
Excess o f exoorta-

E xp orts.

175
552
358
IS i
102

—107
—515
—328
—149
-9 5

15
5
285

1,641

— 1,551

8

37
30
5
7

Total.
m
S i l v e r in O re ,
Jaly-Sapt..,
m
Oet -D -.: . . .
377
Jan. March.
192
A p ril,......... .
11
30
M ar..............

Excess.
$

Excess.
$

3

231
170
25$
174
195

—216
-1 7 1
+27
-1 4 8
—192

334

1,034

—700

30

1

2,452
a , 129
2,877
934
1,191

—^,422
—2,127
—2,877
—934
— 1,19

33

9,533

—9,55

20

—•A980
- 3 ,0 8 2
—4,099
- 1 ,5 1 1
- 1 .3 5 0

3,050
3,959
4,291
1,555
1,388

-1 8 9 4 -9 5 .Imparbs.

2

....

-1 3 ,0 5 8
— Excess of imports.

1 1 ,2 1 1

0

We subjoin the totals for merchandise, gold and
silver for the eleven months for six years.
MSBCBASDIBB.

]

<JOM>.

Elmrn
»* * “ * B x.
Mm . Exports.
Imports.
K r t n , POrtl-

SiLvas.

Im­ Excess
of
ports.

E x­
lm - e ™ -s’
ports. port,. K a i '
Exports
| ports

i
!
i
t
$
9 5 9 0 HI.5,972 7 43.201 9-2,711! 105481
0 7 0 3&8 &MCTC- 66,883
0 4 -9 5
93*94 814*405 396498 ‘437909 33.715
9 2 9 .1 7S4J218 790.700 •14488,105.970
9 1 9 3 ?J0.5 390 733,380 *410 >4 33,058
771454 53432 70.510
90 9 1 S
* Excess of imports.

%
1
*
34,530 74,951 50,098
34,085 34,248 4:1,172
74,008 *1 N,291 47,283
40465 85.505 30,721
49.205 *16.139 40,388
17.949 54.59141.041

*
*
20,170139.838
i s . i r e 'a i M8
IS/ms 28,518
31.807 15,11*
1 7.788 i l 1,690
I7.0011 4040

la the last table gold and silver in ore for 1893-94,
1894-93 and 1895-96 are given under the heads respec­
tively of gold and silver ; for the other years both are
included in the merchandise figures.
The following statement gives the week’s movements
of money to and from the interior by the N. Y. banks.
W eek Ending Iten# 19,1MQ.

Received by j Shipped by
N. r . m n t e . ' t f . T .B s n k s.

C orr«»ey ..................... ............ ..............
0 o M ............................................................
l o t a ! geld and legal ten d e r*.....

N et In terio r
Movement.

$4,85*2,000' $1,796,000 Gain.$2.85 0 ,0 0 0
402,000?
411,000 Gain,
51,000
$ 5 ,1 1 4 ,0 0

$2,207,000 Q atn,f2,907,000

Result with Sub-Treasury operations.
Out o f
B a n k,.

W eek En-iing June 19,189®.

Into
Banks.

Basics' Interior movement,a* above
Sab-Trews,oper.and gold ex p o rts. . .

15.114.000
19.100.000

N et Change in
Bank Holdings.

$2,207,000 0aln.*2.»O7,OOO
23,100,000 L o u . 4.000,000

Total gold and legal tenders,. , . . $24,214,000 $25,307,000 L - .- 1 + 9 3 , 0 0 0

Amount of bullion in principal European banka.
June 2 0 ,1895.

J u n e IS. 1S80.

B a nk o f
0.8.1.

| Silver. |

Total.

£

lo ta L

p
i l l 5 !

50.205.000
10.004.075
13.521.000
12.400.000
7.004.000
1.423.000

I flip .t

Silver.

£
33.117,831
81.323.000
37,015.325
19.338.000
8, 001.000
4.294.000
2.810.000

S

£
4
I
£
E n g la n d ,..,.. 49,079,193 ................ | 49,079.193
F r a n c e ... . . . . 80,494,f 29 50.3*7,128 130,8*1,15?
31,149.316 15,574,60+ 46,721,000
G erm an y .,,.
A tw t.-ilcng'y 27,317,000112,845,000j 40,102,000
8,408,000,11.030,000j 19,438,000
2,635,000j 7,074,0001 9,639,000
Netherlands.
2,657,333 1,323,687 j 3,980.000
Nat. Belgium.

QHd.

Tot-thi* week 201,737,8*5> 98,129.461 299.807,350 191,403,150 101277675 292,080,831
T oLorer. w’k 90),261,721 97.008.OU 197.923,792 190.881,853 101194075 292,058.72

8

THE CONGRESSIONAL APPROPRIATIONS.
Two weeks ago we took occasion to remark that Con­
gress could not justify its action in passing the River
and Harbor Bill over the President’s veto. If any
reader doubted the validity of our conclusions on that
episode, he may gain some light by studying the re
ports from the House Committee on Appropriations.
These reports, according to the custom, were submitted
at the last day of the session by Mr. Cannon in behalf of
the Committee’s majority and by Mr. Sayers in behalf of
the minority. We have the reports before us in the “ Con­
gressional Record.” They are both commendably clear
and frank; both make the necessary detailed com­
parisons with the appropriations of other years, and
both show that in the face of a heavy current deficit in
revenue, with the Treasury to day kept solvent only as
an indirect result of costly bond issues, the Fiftyfourth CongTesa has closed the first half of its work

1115

with gross appropriations never but twice exceeded
since the years of the Civil War.
The total permanent and annual appropriations
made by this Congress for the fiscal year ending June
30 1897 amount to $515,759,820. This is an increase
of $18,751,300 over the appropriations of the second
session of the last Congress and of $23,529,135 over the
first session of the same body. It is a record exceeded
in recent years only by the Congressional session
which ended in March 1893 and by that which
closed in the summer of 1891. This large increase,
moreover, is not a result even of pension legislation; it
shows unusual increase in directions where outlay has
hitherto been conservatively kept down. It was the
flood of extravagance on the pension list which chiefly
rolled up the formidable total of appropriations in the
previous years referred to. This particular expendi­
ture was at times called up as a valid apology for the
large total increase. The annual appropriation on that
score rose from $123,779,368 in 1890 to no
less than $180,681,074 in the spring of 1893.
Two sessions sufficed to cut down this line of expendi­
ture $39,299,504. The pension appropriation bill in
the spring of 1895 was $141,381,570 ; the fact that the
reduction has worked no injustice is shown by the
failure of the recent first session of the opposing party
to add a dollar to the sum.
But it will readily be seen that this very stroke of
comparative economy throws an even more remarkable
light on this year’s Congressional extravagance in other
directions. In the second session of the Fifty-second
Congress total appropriations footed up $519,504,359.
In the first session of the Fifty-fourth Congress, which
adjourned last week, with the pension appropriation
reduced $39,000,000, the aggregate falls within four
million dollars of the Fifty-second Congress’s record.
It should he said that some part of the $18,751,000
increase over the preceding year arises from
deficiency in former appropriations.
Bat this in­
crease Mr. Sayers says is wholly due to claims,
judgments and other objects which are to all
intents and purposes newly authorized expenditure.
Mr. Cannon admits that the present Congress has taken
active part in laying burdens on its own successors. In
addition to increasing the fortification bill $6,493,331
over the previous year, he states it has authorized
additional fortification contracts for $4,195,076, pay­
able by another Congress. Mr. Cannon makes no
mention other than this of contracts authorized
of such nature as to embarrass future appropria­
tion bills.
Mr. Sayers, however, belonging to the
opposition party, presents the astonishing total
to which such contracts, authorized by the recent ses­
sion, have been allowed to run. Their aggregate he
asserts is no less than $78,241,480—-a sum,
if we are not mistaken, wholly unprecedented on such
account during the present generation. Much of this
aggregate consists of contracts authorized for new war­
ships, a species of expenditure which met with little
question in the present Congress. But patriotism was
the minor motive, after all, if weighed by total of ex­
penditures ; for against the $12,900,000 contracts
authorized for ironclads stands the imposing sum of
$59,616,404 under river and harbor expenditure, un­
loaded, so far as payment is concerned, on future
Congresses.
We have said enough to show that this Congress has
failed to practice conservative economy, even when
compared with sessions when the times were prosper-

1116

THE CHRONICLE.

[VOL, LXlI.

For 1895 the difference in favor of this country, as we
have seen, was over 1£ million tone. Moreover, the
very largest amount ever made in the United Kingdom
in any one year was 8,586,680 tons, and our output in
1895 was almost a million tons in excess even of that
total.
Probably we must expect to see the United S tates
fall back to second place every now and then, when the
conditions here shall be unfavorable while those abroad
are favorable. As compared with the banner years 1882
and 1883, in each of which the United Kingdom made
8^ million tons of iron, that country has experienced
some retrogression. But the course of the movement
there during the last three years is useful in proving
UNITED S T A T E S IR O N P R O D U C T IO N COM­ that the decline can by no means be regarded as per­
P A R E D W ITH OTHER COUNTRIES.
manent— that in fact considerable progress has already
While the iron trade in the United States, suffering been made in recovering lost ground, while the indica­
in common with other industries from the general tions at this time point to further recovery the present
depression in business arising out of the currency situ­ year. It is important to note that the gain which has
ation, continues to lag, reports from both England and been established since 1891 has occurred notwithstand­
Germany speak of considerable activity at the iron ing the existence of a number of drawbacks. For in­
centres in those countries and a growing demand. stance in 1892, 1893 and 1894 the output was in eaeli
This gives great interest to the statistics of pig iron year diminished by strikes of the coal miners in some
production for the United Kingdom for the late calen­ one of the iron districts, which strikes operated to
dar year, which have only lately been issued, and also cut off the supply of fuel in those districts. In
makes useful a study of the course of the iron output 1894 the colliers in Scotland struck, and the strike
lasted over three months. In 1893 there was the
in other leading countries.
The make of iron in Great Britain in 1895 proves to great strike in the Midland districts, involving a quarter
have been a little larger than the current estimates, all of a million miners and continuing nearly four months*
of which had allowed a fair increase over the preced­ In 1892 there was a strike in the Durham district
ing year. The British Iron Trade Association, from which lasted twelve weeks. Each of these strikes oper­
returns collected from the iron masters, computes the ated, for the time being, to stimulate production in.
production for the year at 7,895,675 tons, or about a the other districts, but nevertheless the total output
half million tons in excess of the product for the was restricted by the disturbances. In 1895, with an
calendar year 1894. Of course this increase is small absence of such labor troub'es, the addition to the prod­
alongside of the tremendous increase which occurred uct was much more decided than in the years preceding,
in the United States during the same year. But this reaching, as we have seen, about half a million tons*
Of course had production during 1892, 1893 and
country recovered at one bound what it had lost in the
two years preceding, while in the United Kingdom the 1894 not been curtailed by the strikes, unsold stocks,
recovery has been smaller but has been gradual and we may suppose, would now be correspondingly larger.
continuous for several years. The record of the two For conditions during those years tended to limit the
countries for the last four years furnishes quite a con­ current requirements. Even in the late year, when
trast. In the United States the make of the pig metal conditions favored a larger demand, stocks were con­
in 1892 was 9,157,000 tons, which was, with one siderably augmented. The statistics show that in 1892.’
exception, the largest annual total ever reached up stocks underwent considerable shrinkage and that in
to that time. The next two years were years of extra­ 1893 there was some further reduction, but that during
ordinary depression in this country, and as a conse­ both 1894 and 1895 they again increased, and that the
quence the product dropped first to 7,124,502 tons in total at the end of 1895 was somewhat larger than it
1893 and then to 6,657,388 tons in 1894. Ia the late had been at the end of 1891, four years be­
year, under the great revival in trade which followed fore. An important distinction between the charac­
the contract in February between the Government and ter of the trade in Great Britain and the United'
the Morgan-Belmont Syndicate for the purchase of States should always be borne in mind.
In
gold and the sale of bonds, the iron trade de­ this country iron makers are almost entirely dependent
veloped special buoyancy, and the production jumped upon the home market. In Great Britain the foreign
at once from 6,657,388 tons to 9,446,308 tons, raising demand is as important as the home demand. In this
the total in excess of that for any previous year. In latter circumstance we have an explanation of the set­
Great Britain, starting with a total of 6,709,255 tons back which the British iron trade experienced after
in 1892 (which, however, had been the lowest since 1890. Great Britain’ s market being as wide as the
1879), there was first an advance to 6,976,990 tons in world and a period of world-wide depression having
1893, then to 7,427,342 tons in 1894 and now to 7,895,- set in, the demand upon the British iron masters was
675 tons in 1895.
correspondingly reduced. As illustrating that feature,,
The fact which will perhaps attract most attention we need only say that while in 1889 the British exports
is that through the great recovery in this country in of iron and steel of all kinds amounted to 4,186,182
the late year, the United States has again taken the lead tons and in 1890 to 4,001,430, thereafter there was a
from the mother country, and therefore resumes the very large and rapid decline, so that in 1894 the con­
position of the largest iron-producing country in the signments amounted to only 2,649,998 tons— a falling
world. Up to 1890 Great Britain had always held first off from 1889 of over 1| million tons.
place, but in that year the United States passed her,
In the late year an improvement in the business con­
and has since outranked her in every year except 1894. ditions in various parts of the world having occurred,

ous and revenue abundant. Bat the very serious part
of this year’ s extravagance is its hearing on the Gov­
ernment’ s finances generally, and thence indirectly on
the currency. We have no wish to cast the blame for
the country’s present embarrassing situation on either
of the two great parties. Both have sufficiently long
reckonings to their score of blunders committed and
opportunities neglected ; each in turn has made a sad
enough muddle during the last six years of its experi­
ments in national finance. But errors in the past do
not palliate similar errors in the present; if anything,
they aggravate them.

J u .ve 30, 1836.]

THE CHRONICLE.

the foreign demand upon Great Britain also improved.
At the same time there was a decided revival in British
home trade. To this should be added the activity in
the ship-building trade, arising largely out of the con­
tracts for the construction of war 3hips. The new ton­
nage iD merchant vessels was not as large as in the
year preceding, but the war vessels built had 118,111
ton 3 displacement, against only 32,971 tons in 1894
and 45,898 tons in 1893. Though the foreign demand
improved, however, the increase in the exports was
comparatively small. After the drop from 4,186,182
tons in 1889 to 2,649,998 tons in 1894, the re­
covery in 1895 was only to 2,838,149 tons.
The reason was that the revival in the demand did not
occur until well along towards the end of the first half
of the year. It is it teresting to note, though, that
some disappointment seems to have been felt as to the
extent of the takings for the United States. This feel­
ing is well expressed in the review of the iron trade for
1895 given by the London “ Economist” in its special
supplement of February 22, 1896. Says the “ Econo­
mist” : ” So far as iron and steel are concerned, the evi­
dences of improvement were not very manifest until
about the middle of the year, when advices were received
from America of a strong and advancing market there.
Orders were sent to England for some special kinds of
pig iron, Euch as Spiegeleisen and Ferro-Manganese,
and when the price of rails was advanced to $28 00
per ton the hope was entertained that the United
States might be compelled to come to this country for
supplies of such descriptions as were most urgently
required. This expectation was in a large measure
doomed to disappointment, owing to the rapidity with
which the American manufacturers set to work to bring
their large reserve force of production into operation.”
X o improvement, either, in the inquiry from the
United States has occurred during the current calendar
year. Nevertheless, there has been a very great in­
crease in the exports of iron and steel from the United
Kingdom to foreign countries, evidencing at once the
revival in butiness which is in progress in the world at
large, and the success of the British iron makers in
being ableto participatein and avail of the improvement.
We have the statistics of exports for the five months to
May 31st. In these five months of 1894 the shipments
of iron and steel to foreign countries had been 1,011,.
239 tons and in 1895 1,021,370 tons. For the same
period of the present year the shipments have been 1,321,645 tons, an increase of nearly 30 per cent. In
view of the intimate bearing that the export movement
ha3 on the production, the following statement of the
exports, by calendar years, from 1872 to 1895, inclusive,
will be found interesting.
KXrOKTS OF IBOX AXD STEEL FROM UKITED KINGDOM.
F*ar
Tons.
Year.
Tons.
Year.
Tons.
1887..............4,143,028 1879............ 2,883,484
1895............ 2.833,149
1894............2,649.998 1886............. 3,388,494 1878............ 2,296,860
1393............ 2.856,571 1885............. 3,130,682 1877............2,346,370
1892............ 2,739,279 1884..............3,496,991 1876............ 2,224,470
1883..............4,043,308 1875............2,457,306
1891............ 3,240,140
1390............ 4,001,430 1882............. 4,353,552 1874............2,487,522
1891..............3,920,315 1873............2,957,813
1889............41186,182
1880............. 3,792,903 1872............3,382,762
1898............3.966,563

The foregoing speaks more eloquently of the condi­
tions and influences affecting the British iron trade
during the last quarter of a century than anything else
that could be printed. It will be observed that way
back in 1872, twenty-four years ago, the British ex­
ports of iron and steel amounted to 3,382,762 tons, or
half a million tons more than in the late year, and
that in 1882 the aggregate was 4,353,552 tons, which
has ever since stood as the maximum yearly total. It
will be observed furthermore that starting with 3,382,-

1117

762 tons in 1872, the yearly total diminished until it
amounted to only 2,224,470 tons in 1876, that in 1877 and
1878 there was but little change and that the remarkable
rise to 4,353,552 tons occurred during the four years
thereafter. This rise was directly due to the extraor­
dinary demand for iron and steel by the United States
at the time of the phenomenal prosperity in this coun­
try occasioned by the resumption of specie payments
on January 1 1879. The falling off in the exports after
1882 followed just as directly from the decrease in the
purchases for the United States. As a matter of fact,
until the more recent years the fluctuations in th e
British exports of iron and steel and in British iron
production have corresponded very closely with the
variations in the demand from this country.
To show the sharp ups and downs which occurred in
our takings of iron and steel prior to 1887, and the steady
decline since then, we give the following statement of
the imports of iron and steel and their products into
the United States for each calendar year since 1871.
The figures cover the importations from all countries,
not merely from the United Kiagdom, though
of course these latter form the bulk of the whole.
Machinery, cutlery and a few other articles which are
not reported by weight do not appear in the totals. It
is proper to say that the comparison is not absolutely
on the same basis for the whole period, as beginning
with 1882 some items are included which previously
were omitted because the quantities were not shown in
the statistical returns.
I mports op I ron and Stee l into th e U nited States .

Year.

Tons.

1895................. 378,208
1 8 9 4 ................309,249
1893.................438,495
1892 ................494,468
1891.................557,882
1890.................665,771
1889 ................748,550
1 8 8 8 ................914,940

Year.

Tons.

1887.............. 1,783,256
1886.............. 1,098,565
1885.............. 578,478
1884.............. 654,696
1883.............. 694,330
1882.............. 1,192,296
1881.............. 1,180,749
1880.............. 1,886,019

Year.

Tons.

1 8 7 9 ............ 769,984
1 8 7 8 ............ 211,102
1 8 7 7 ............ 211,408
1 8 7 6 ............ 204,211
1875 .......... 239,712
1 8 7 4 ............ 301,647
1 8 7 3 ............ 640,858
1 8 7 2 .............1,183,066

We here see how the United States imports dropped
from 1,183,066 tons in 1872 to 301,647 tons in 1874,
rose from 211,102 in 1878 to 1,886,019 in 1880, then
dropped again to 578,478 in 1885, advanced once more
within two years to 1,783,256 tons, and have since
grown steadily smaller, so that the amount imported in
1895 was only 378,208 tons and in 1894 but 309,249
tons. Of course the decline of 1£ million tons in our
yearly imports since 1887 does not mean that consump­
tion of iron ana steel in the United States has dimin­
ished to that extent. On the contrary, the consumpt:on in this country in 1895 was larger than ever. It
simply means that the demand to that extent is now
supplied at home instead of from abroad. In that
fact we see at once the reason for the way we have been
able to maintain the great increase in our production
and for the decline in the output in Great Britain. It
remains to be said that the British iron maker has also
suffered from the competition of the iron producers on
the Continent, particularly the Germans. Germany
has been steadily enlarging her product from year to
year, and has evidently had no difficulty in finding
a market for it at home or abroad. Here is a com­
parison going back to 1880 and showing the iron pro­
duction of each of the four leading countries— the
United States, the United Kingdom, Germany and
France—for each year since then.
P ig I ron P roduction op L eading C ou ntries .
<—Tons of 2240 lbs.—s -Metric tons of 2204 lbs- -n Total.
G. Britain. U. Stales. Germany.
France. 4 Countries.
1880 ...... 7,749,233
3,835,191 2,729,038 1,725,293 16,038,755
1881 ...... 8,144,449
4,144,254 2,914,009 1,899,861 17,102,573
1882,........ 3 ,5 8 6 /8 0
4,623,323 8.860.806 2,039,067 18,629,876
1833..........8,5v9,300
4,595,510 3,469,719 2,067,387 18,661,916
i m i ......... 7,811,727
4,097,868 3,600,612 1,855,247 17,365,454
1885..........7,415,469
4,044,526 3,687,433 1.630,648 16,778.076
1386......... 7,009,754
5,683,329 3,528,658 1,516,574 17,738,315
1887..........7,559,518
6,417,148 4,023,953 1,567,622 19,568,241

THE CHRONICLE.

1118
Tons o f 2240 lbs.—,
O. Britain. V. Stales.
1888
.7,998,909
.8,322,824
1889
1890
.7,904,214
1891
.7,4 06,"04
1892
.6,709,255
.6,970,990
1893
1894 ...........7,427,342
.7,895,075
18 95

6,489,738
7,603,642
9,202,703
8,279.870
9,157,000
7,124,502
0,657,388
9,440,308

metric tons o f 2204 lbs.—. Total.
Germany.
France. 4 Countries.
4,337,421
4,524,558
4,658,451
4 ,"11 ,217
4,937,461
4,986,003
5,559.322
5,788,798

1,683,349
1,722,480
1,902,196
1,897.387
2,057,258
2,032,567
2,019,714
2,005,889

20,509,477
22,173,504
23,727,504
22.224,538
22,800,974
21,120,002
21,713,766
25,136,670

[V on . L X II.

only 1,021,370 tons in 1895 and 1,011,239 tons
in 1894. This shows that Great Britain is finding
markets in other parts of the world to replace those
lost in the United States. At the same time Germany
is also enlarging her exports, having exported 541,255
tons of iron and steel in the four months to April 30
this year, against 466,518 tons in the same period of
1895, 448,094 tons in 1894 and 372,114 tons in 1893.
Evidently, therefore, though the probabilities in this
country are somewhat uncertain, the world’ s product
of iron in 1896 is certain to be very large.

The production of Great Britain for 1895, it will be
seen, differed but little from that for 1880, while that
of the United States in the same fifteen years rose
from 3,835,191 to 9,446,308 tons. The record of Ger­
many is hardly less wonderful than that of this country,
the output having risen from 2,729,038 tons in 1880 to
5,788,798 tons in 1895.
The striking fact about
H A L F - Y E A R L Y S T A T E M E N T S OF THE
Germany’s growth is that it has not been marked by
V A N D E R B I L T LINES.
any fluctuations of consequence up and dowc; it has
The half-yearly statements of the Lake Shore &
been a steady, persistent and almost uninterrupted
increase for the whole fifteen years. Mr. Frank H. Michigan Southern and the Michigan Central reveal
Mason, Consul General of the United States at Frank­ no special features, but reflect the quiet state of trade
fort, in an interesting report made in June, 1893, which has been the distinguishing characteristic of the
showed that the advance of the Germans is due to the period.
Under ordinary circumstances we should have ex­
application of scientific economy at every stage of
manufacture, to the saving of secondary products, and pected a very considerable increase in the gross reve­
to the invention of new processes and machinery for nues of these important transportation lines. Tne
country raised last summer excellent crops of cereals,
working native material to the greatest advantage.
France is the only one of the four leading countries and the trunk lines forming main highways of com­
that shows no progress. Her output has remained practi merce between the East and the West must of course
cally stationary as far as its absolute amount is con' feel the effects of that circumstance in their traffic and
cerned, and has relatively declined. She is not only earnings. The benefits would count in a double way ;
being left far behind by the United States, Great first, in improving the condition of the agricultural
Britain and Germany, but it seem8 likely that within a classes and thus permitting them to buy goods
few years she will have to yield precedence to countries and supplies with greater freedom, and, secondly,
that have hitherto held a position greatly inferior to in giving the roads an enlarged amount of grain
hers. For instance, while the French product was only a traffic. It is true that as far as the latter advantage is
little over two million tons in 1895, or slightly less concerned the corn crop (on account of the low prices
even than in 1882, Russia has recently been making prevailing) has not come forward in the volume or to
considerable progress, and in 1895 turned out 1,454,298 the extent counted on. Nevertheless both the corn
tons, against only 1,160,737 tons two years before, in receipts and the grain movement as a whole have been
very much heavier than a year ago. Taking the entire
1893.
It will be seen that the total iron output of the four movement at the seaboard, the receipts of corn from
countries in 1895 was over 25 million tons (25,136,670 January 1 up to the date of the latest return (June 13)
tons), being the largest of any of the years, and com­ were 37,178,511 bushels the present year, against
paring with only 16 million tons in 1880. Aside from 16,929,881 bushels in the same period of last year;
these countries and Russia, the iron product of Bel­ and the grain receipts as a whole, including com , were
gium and Austria will average about a million tons per 85,769,610 bushels, against 49,745,943 bushels. The
annum, and that of Sweden about half a million tons flour receipts, however, were smaller, having been
Other countries produce comparatively small amounts 5,926,975 bbls. in 1896, against 7,282,250 bbls. in 1895.
Probably if we could have returns from them all, the
Another advantage has existed the present year in
world’ s iron output would be found to be 30,000,000 the case of trunk lines like the Michigan Central and
tons. The indications favor a still larger total the the Lake Shore. Tne rate situati m has been better
present year. It would be hazardous to venture
as the result of the organization of the Joint Traffic
gues3 as to what the make of the United States is Association. We do not mean by this that schedule
going to be, because so much depends upon future rates have actually been higher, but that the rates have
conditions. Both England and Germany, it seems been strictly observed, instead of being made the basis
safe to say, will produce more iron.
We have for all sorts of cuts and concessions. On this point
said that the iron trade was showing great activity in there is no difference of opinion. It is the uaiversal
these two countries. An exception should be made in testimony that not in a great many years has there
the case of the Welsh tin plate industry. There the been such a complete freedom from rate deviations and
falling off in the demand from the United States (in irregularities. In other words, the road3 have lived up
part as the result of the increasing production of tin to their agreements, and have been getting, for the
and terne plates in the United States) has been
first time in years, the rates contained in their tariff
serious depressing influence. In the five months to sheets.
May 31 the exports of tin plates from Great Britain to
Had these conditions been accompanied by an
the United States were only 47,869 tons the present active state of trade the result must have been a very
year, against 94,634 tons in the same five months of material addition to the earnings of the roads. But
1895 and 83,117 tons in 1894. But notwithstanding unfortunately the trade situation has not been satis­
the falling off in this item of exports, the total ship factory, and has been growing steadily worse during
ments from the United Kingdom of iron and steel of almost the whole six months. The first disturbance
all kinds and to all countries in these five months were, came last December, with the sending to Congress by
as we have already seen, 1,321,645 tons in 1896, against President Cleveland of his message regarding th«

Operating
X*
Expanses
Earnings.
and Taxes.
*
8,500,01*
2,795,382
2 /1 0 /3 0
3,011,266
1,380,9*0
2,206,150
1/73,047
*,428,.519
2/97,074
4,389.209
3,669,762
2 /9 5 /4 5
8,406,204
2,729,075
1,890,538
2,147/97
3,5*0,198
8,283,6*7
2,881,975
8,985.291
2 /1 1 /3 8
3/60,706
8.437.910
3 /0 1 /4 2
5/31,710
8,193/86

1880,..,
1882....
1883....
1884..
1885..
1886....
1887....
1888...
1889....
1890....
1891___
1892....
1893....
1894....
1895....
1896-...

To
To
Michigan Canada
C en tr a l Southern.

Surplus.

5
?
$
$
*
6.500.000
4/80,000 2,417/00 1 / 4 4 /0 0 1 /7 3 /0 0
6.158.000 4 / 7 8 / 0 0 1,780,000 1,192/00
6 8 8 /0 0
5.568.000
4,473,000 1,095/00 1,240.000 df 1 45/00
6,740,000 4,591,000 2,149/00 1 / 1 0 / 0 0
939,000
5,603,500
4.216,500 1,387/00
107/00
..
1,087,000
4.973.000
3,886,000
df 233/00
.,
3,952/00 1,484/00
194,001
5.436.000
5 74/00
6/61,000
4,511,000 1,850/00 1,276.000
550/00
4,725,000 1,810,000 1,260/00
6,535,000
549/00
6.2-33,000 * *,421.000 1,809,000 1,260,000
653/00
6,843,000
4,968,000 1,875,000 1 / 22,000
600,000
6,965,000
5,135,000 1,830,000 1,230,000
710/00
7,642.000
5.732,000 1.910.000 1 / 00.000
565/00
7,550,000 5,785,000 1,705.000 1 , 200 /0 0
1
/
0
0
/00
540/00
6.169,000
4,429/00 1.740/00
530/00
1,730.000 1 / 00/00
6 / 00,000
4,470/0
516/00
e /io /jo o
4 / 0 4 /0 0 1,716/00 1 , 200 /0 0

$

$

626,000
71,333

313/00
35,667

146,800
404,000
391/00
393,000
472,000
443,000
526,000
4 0 3 /0 0
388,000
382/00
3 75/00

47,640
170/00
159,000
1 56/00
181,000
1 57/00
184/00
162.000
152,000
148/00
141,000

R A IL R O A D N E T E A R N IN G S FOR A P R I L .
The unfavorable direc ion which'railroad earnings as
a whole in the United States have latterly begun to
take is well illustrated in our exhibit to-day for the
month of April. This shows only $692,936, or about l\
per cent, gain in the gross receipts and $279,299, or 1-85
per cent, loss in the net. It is the poorest statement
we have yet had the present year. The contrast with
the previous months is quite instructive. First as to
the gross : in January the increase was $4,662,219 or
8*94 per cent, in February $1,049,430 or 9-03 percent,
in March $1,267,412 or 2-32 per cent, and now for
April only $692,936 or 1-37 per cent. In the net there
was $2,328,294 increase, or 16-91 per cent, in January;
$2,019,633, or 17-97 per cent, increase, in February;
$190,664, or 1-13 per cent, loss in March, and $279,299,
or 1-85 per cent, loss in April. The totals for April
and the year to date are as follows :
Jan uary 1 to A p ril 30
(134 roads.)

A p ril.
(136 roads.)

Surplus.

t
*
1/00/KiO
1,494/18
1,020,00*'
1,775/62
1,522/30
1/17,001
1,537,200
1 /0 4 /0 1
l,4O5,O0(i d e f.7 4 /8 0
1,330,0 0
828,156
285,247
1,387/00
1/37,519
1/59,009
1/19,771
1 /7 7 /0 0
3,014,209
1/75,000
2.30 7,762
1,382,000
1.076/96
1,510/49
1,740,403
1,740,8'1
838,740
1,830/35
1/33,728 def.34,190
591,207
1,856,490
1,746,198
1/30,000
1,479,369
1 / 0 4 /0 7
1,173/5->
1,711/25
1/78,365
1/80,9*5
1,251,038
1,680,«00
3,580,706
1 6 3 0 /0 0
1 /5 7 /1 0
1 /1 0 /0 0
1.521,242
1,680,000
1 / 8 /0 0 0
1/51,716
1 /L 3 /8 0
1/80,000

In terest
and
Mentis.

1896.

1895.

$
*
3rass earn’a 53,393,587 53,000/51
l>per. exp... 38,887,100 37,914,8 f*5
Net earn's.

14,808,18(1 15,086,788

Inc. o r Dec.

1896.

1895.

Increase.

*
t
*
+ 6 9 2 /3 6 215,006,947 203/03,76 5 11,108.188
+072,235 154,186,815 147.257,159 8,931,056
—279,209

II
IS
100
li

t
4/18,904
5,608/17
KHU.iSHi 8,0*7,810
5,610,238
5/80.5C7
IW V I27
»,OTT,»0O i.W U .M t
1,18-i.Mo
O.59»\092 4,169.573
4,335,218
0,932/297
6,<>7*,9sa
4.B83,;#l
5/85,164
8 ,9 > t.9 »
5,350/76
7.P5+721
5,722,967
9,219,171
4,401,290
7.SZ>',3!5
4.588,116
0.487.654
A.I8S.9-S
6.933/82
5,OR®,138
8 /4 «,3 3 0
6,384,222
8/67 ,8 8 9
6,911.721
0 /2 P /9 0
9 /2 3 ,8 O 8/51,559
6,609,0(3
0,550/47
IP,67**/56 : 7,417,890
8 ,378/70
11,810,580
0,105,086
0,390*321
0 /03,903
0,432,277
10,005,765 8/11,779
f
7.019,012

Interest
and
Mentals.

Operating
Jan. 1
N et
Gross
to
Earnings E xpenses Earnings
and Taxes.
r m SO.

A A

18T1.................... ..
1872...................................
M » ....................................
i a n ....................................
1 8 7 5 .-..,...--,,..........
v m .............. ...........
1877,...............................
107S........................... .
1879..................................
1880................................. .
1001..................................
1 8 8 3 ............. ...................
1883....................................
1 8 8 4 ...,............ .
1 0 8 5 ......................
18*0....... ................... . . . .
i s m , ..............................
1 8 8 8 .. .. . .. .. ...................
1 8 0 0 .. .. . .. . .......................
1.8 0 0 , , .......- .............
i x n ....................................
1.09*2 . .................................
10*8........ ............. .
I W i ' . . . . . , , ..........
1005. .................................
i s o e * ....
............

G row
Earning*,

M IC H IG A N CEN TRAL AN D CA N A D A SOUTHERN.

h

LAKE SHORE & MICHIGAN SOUTHERN.

the Lake Shore, the gain amounting to $420,000, or
somewhat less than 7 per cent. The increase in ex­
penses, however, was $434,000, leaving a slight falling
off in net. Here, too, the net has been kept almost
stationary the last four years, having been $1,765,000
for 1893, $1,740,000 for 1894, $1,730,000 for 1895 and
$1,716,000 for 1896. On the other hand the gross, at
$6,620,000 for 1896, compares with $6,200,000 for
1895 and $6,169,000 for 1894, but with $7,550,000 for
1S93 and $7,642,000 for 1892, showing in the latter
case a loss of over a million dollars. The following
carries the figures back to 1880.

ill
in

Venezuela boundary dispute. Since then new disturb
anees hare been constantly cropping up, arising out of
oar currency situation ard the uncertainty regarding
the action of the two political parties on this question;
and gold exports, belligerent talk in Congress con­
cerning Cuba, and other matters equally harassing and
provoking, have served to add their weight to the pre­
vailing bnrdens resting upon and unsettling all business interests. As a consequence the advantages from
large crops and well-maintained rates have been to a
great extent offset by the depression in general busi­
ness.
Looking now at the retnrns of the roads, we find
that the Lake Shore has added only $341,772 to its
gross receipts, or less than 4 par cant, this following a
gain of not quite 3 per cent ($267,000) in the year
preceding. The resnlt is that while gross earnings in
1894 had fallen off nearly 5S£ million dollars ($3,420,000), the recovery in 1895 and 1896 combined has
amounted to only $609,000. In a word, earnings for
1896, though better than for 1895 or 1894, stand
$1,811,000 below the total for 1893, before the effects of
the panic of that year had begun to show in the retnrns
of the roads. Nothing could indicate more strikingly
than these figures how far from the normal the condi­
tions affecting our transportation interests have been
during the current year.
As far as the net revenues are concerned, there is
no occasion for any but the briefest remarks, since it
is evident from a study of the returns that the policy
for some years has been to leave only enough net to pay
dividends and charges and to sp°nd all the rest of the
revenues (beyond what is needed for running and
operating the road) upon improvements, betterments
and Tenew.ils. While gross earnings during these six
months of the last five years have varied nearly 2£ mil
lion dollars, the net earnings have varied les3 than a
quarter of a million dollars, having boen for 1892
$3,260,766, for 1893 $3,437,910, for 1894 $3,201,242,
for 1895 $3,231,716 and for 1896 $3,193,986. It will
be seen that in the late year there was a slight farther
decrease in the net, the $341,772 increase in grossearnings having been met by an augmentation of $379,503
in expenses. The following shows the half yearly re­
sults for the last twenty-six years.

J a n .1 if) Ju ne 30.

1119

THE CHEONICLE.

J cxe 20, 1896.]

5 3 /4 0 /0 6

4,171/26

As regards the general conditions which have con­
trolled the coarse of the revenues of the roads aside
from the depression in trade, they have been much the
same as in other months ; that is to say, Western and
Northwestern roads had a larger grain movement in
their favor, while Smthera and S >uthwestern roads
suffered from a continued falling off in the cotton
movement.
One qualifying remark should per­
haps be made concerning the character of the April ex­
hibit ; we are comparing with greatly improved results
in 1895, the returns having become steadily better
last year, month by month, and the showing for
April having been the best up to that time which had
been made in a long while.
On the other hand this
* Rests!ta for June partly estimated.
For tho Michigan Central the showing is much the marked recovery in April of 1895 followed in great
same. Cross e a r n i D g s increased a little more than on measure as the result of the extraordinary loss which

THE CHRONICLE,

1120

had occurred in that month of 1894. The gain last
year was $2,288,143 in gross and $1,560,543 in net, but
in the previous year we had no less than $9,359,204
loss in gross and $3,638,272 loss in net. The following
carries the comparisons back for a series of years:
Fear and
number
of roads.
April.
1891 (135i
1392 (127
1893 (131
1894 (147)
1895 (141)
1896 (136.)
Jan. 1 to
A p ril 30.
1891 (133)
1892 (127)
1803 (126)
1894 (144)
1895 (136)
1890 (134)

N et Earnings.

Gross E arnings.
Year
G iven.

Year
Increase or
Preceding. Decrease.

$
52,987,642
56,400,367
56.00 J,070
49,151,045
52,497.911
53.693,587

*
52.901,030
53,381,313
64,148,065
58,511,149
50,209,768
53,000,651

$
+S6.6O0
+3,025.054
+1,852,405
-9,359,204
+2,238,143
+692,936

205.757,467
223,633,183
217,887,514
191,240,820
202,912,185
215.006,947

199.551,231
206.978,359
213,961,604
230,423,611
197,863.429
203,003,765

+6,200,233
+10,704,824
4-3,925,910
-30,187,701
+5,048,753
+11,103,182

Y ear
Given.

Y ear
Increase nr
Preceding. Decrease.

$
*
*
+524,574
15,903,240 15,381,672
—14,873
15,999,078 16,013,951
10,387,003 16,018,322
+349,281
12,024,314 10,262,566 —3,038,272
14,760,823 13,200,280 +1,560,543
14,800,487 15,086,786
—279,299

59,753,935
03,441,438
60,159,389
51,781,515
50,550,852
60,818,132

56.859,623
59,520,979
03,326.925
61,919,941
£3,087,790
56,016,000

+2,894,312
+3,920,459
-3,167,586
-10,138,420
+3,469,032
+4,171,526

The changes by the individual systems are this time
quite moderate, the largest increase in gross being
$312,407 by the Milwaukee & St. Paul and the largest
decrease being $326,714 by the Reading (with the Coal
& Iron Company), while the extremes in the case of
the net are $174,489 increase by the Atchison and
$194,374 decrease by the Southern Pacific. We annex
a full list of all changes, either losses or gains, in excess
o f $30,000.
PRINCIPAL CHANGES IN G R O SS EARNINGS IN A P R I L .
V11PPPR fiAfi
D ecreases.
Chio. Mil. & St. P a u l..' $312,407 Phil. & Read, and C. & I. $326,714
Canadian P acific..........
210,285 Southern P a c. (6 rd s.)..
221,278
E rie............- .....................
125,770 Atcll. Top. & S. F e ........
127,121
Pennsylvania t (5 rds).
114,900 cen tra l o f N. J ....... - . . .
71,594
N orfolk & Western . . . .
105,353 Clev. Cin. Chic. & St.L.
67,974
Louisv. & Nashv............
101,907 West. N. Y. & P e n n ___
49,465
Che s. & O liio .................
79,381 St. L ou 's & San F ra n ...
39,308
Minn. St. P. & S. S. M ...
68,269 W isconsin C en tral.......
34,419
Illinois Central..............
67,533
M exican Central............
63,443
Total (representing
Grand T r u n k ............
40,086
14 roads)............... $93’ ,873
Buff. Rock. <fc P itts.......
35,594
Cldc. Burl. & Q u in cy...
34,249
D enver & R io G ran de..
33,755
Chic. & Gd. Trunk.........
30,694

Total (representing
19 reads)............... $1,424,126
t Covers lines directly operated east and west o f Pittsburg; the
gross on Eastern lines decreased $73,200 and on Western lines in ­
creased $ 1 8 8 ,1 0 0 .
PRINCIPAL CHANGES IN N E T EARNINGS IN A P R I L .
TUPPAflfiPfi
Atch. Topeka & S. F e ..‘ ..$ 174,489 Southern Pacific (6 rds) ..$ 194,374
Ches. & O hio......................
52,498 Central o f N. J...................
93,834
Union Pacific (6 rds).......
43,192 Northern Pacifio. . . . . . . .
84,082
Chic. MU. & St. Paul.......
40,409 Phil. & Read and 0. & I . .
81,477
Canadian Pacifio.............. 39,584 W isconsin Central............
56,617
Southern R ailw ay............ 39,352 Balt. & Ohio Southw........
43,734
M inn. St. P. & S. 8. M....... 38,354 Illinois C entral.................. 43,550
A tlantlo & P acific............ 36,735 Clev. Cin. Chic. & St. L .. 40,905
Pennsylvania 1 (5 rd s). . . 35,600 N orfolk & W estern..........
40,141
M exican Central................ 39,590
Total (representing
St. Louis & San Fran . . . . . 36,513
18 r o a d s )................ $500,213 Nashv. Chatt. & St. L ___ 32,125

1 Covers lines directl
net on Eastern lines
creased $210,200.

T otal (representing 18
ro a d s)........................ $786,942
operated east and west o f Pittsburg; the
" .......... 1 $174,600 and on W estern lines in-

When arranged in groups no group records a very
large gain in either gross or net, while four of the nine
groups have losses in the gross and six losses in the
net. Even the Northwestern group has a loss in net
this time, four out of the eight roads in that group
having fallen behind. The Southwestern group, as it
happens, has $145,330 gain in net (13-91) per cem) on a
loss in gross, but the result has been controlled largely
by the AtchisoD, which has $127,121 decrease in gross,
but $174,489 increase in net. Anthracite coal roads
have done about as poorly as any (probably in conse­
quence of the policy of restriction pursued), five of the
seven roads having fallen behind in their net, the New
York Susquehanna & Western being one of the roads
having an increase in net. The Southern group has
an increase in both gross and net, but here, as else­
where, there is considerable irregularity, with 13 out
of 36 roads recording losses in gross and 15 decreases
in net.

[V o u Tj ,11,

Gross Earnings.

S ection or
Gr o u p .

1890.

N et E arn ings.

1895.

1890.

1895.

In c . o r Dec.

A p ril.
Trunk lines.(13)
Anthra. coa l.(7)
East. & Mid. (13)
Mid. W est’n.(23)
North west’n..(8j
Bouthwest’n(lS)
Pacific Coast(19)
Southern___(86)
M exican....... (4)

?
15,421,854
4,564,494
1,660,726
8,880,436
0,069,480
4,284,460
8,969,037
7,321,522
1,520,972

*
15,189.501
4,945,210
1,082,528
3,720,494
5,644.708
4,417,617
8,970,329
7,008,172
1.116,132

*
4,293,390
925,547
514,852
1,110,395
1,900,000
1,189,788
2,645,196
1,679,534
544,725

*
4,335,217
1.104,6e3
500 ,9 :0
1,115,069
1,909,283
1,014,45*
2,803,819
1,064,370
598,901

T o t.. (136 r’ds)

53,303,587

53,0b0.05t

14,806,487

15,035,783

P .0 .
*
-38,827
0*89
—179,116 16-21
+7,896
1-56
-4,004
0*42
-9 ,2 2 3
0-48
+145,530 13 91
—161,02:j
5-76
+15,164
0-91
—54,23d
9*00
—279,299

1-85

Jan. 1 to Apr. 30
Trunk lines..! 13 60,110,337
Anthra. coal
18,646,5*8
6,044,848
East. Sc Mid.(12)
Mid. West'n.(23> 15,613,824
Northwest’n.(8) 25,281,959
Southwest’ n il3
17.554,393
Pacific Coast (IP) 35,383,064
Southern— (35: 30,179,923
Mexican.........(4'
6,193,036

58,135,745 15,700,833
3,779,547
19,709.763
1,556,037
6,036,530
4,550,636
14,409,781
21,844,955
8,800,602
5,113.222
17,002,320
33,771.052 10,432.043
27,30S,876
8,517,001
2,361,408
5,594,743

Tot.. (134 r’ds) 215,006,947 203,903,705

60,818,132

15,491,307
+225,531
4,324,728
—546,181
1,623.324
—09,887
4,201,611
+289,02 >
7,409,134 + 1,391,408
4,384,722
+743,500
9,341,712 +1,090,921
7,461,23
+1,053,314
-14,375
2.W5.781

1-40
12-63
4-29
6-78
18-78
17-15
11-63
14-10
0-01

56,646,000 j +4,171,526

7-30

The follow in g is i list o f the roarls included under etch group in the
foregoing t a b le :
Trunk Lines.
B. Sc O. Southwestern.
Clev. Cin. Chio. Sc St. L.
Peoria & Eastern.
Erie.
G-rand Trunk o? Canada.
Chic. & Gd. Trunk.
Detroit Gr.Hav. & Mil.
Pennsylv, East o f P. Sc E
W est of Pitts. Sc Erie.*
Philadelphia & Erie.
Plttsb. Cin. Ch. & St. L.
Pitts. Youngs. & Ash.
Wabash.
An th racite Coal.
Central of New Jersey
N. Y. Ontario & W est.
N. Y . Susq. & W est.
Phi la. & Reading.
Coal & Iron.
Summit Branch.
Lykens Yal. Coal.
Middle.
Adirondack.
Allegheny Valley.
Bangor & Aroostook.
Bath Sc Hammondsport.
Buff. Roeh. & Pitts.
Buffalo & Susquehanna.*
Camden & Atlantic.
Cumberland Valley.
Northern Centra!Phil. Reading & N. E.
Ulster & Delaware.
W est Jersey.
Western N. Y. Sc Penn.
M iddle W estern.
Chic. & W est Mich.
Cin. J ack. Sc Mack.
Cin. Ports. Sc Virginia.
Clev. Canton & South’n.
Col. H . Val. Sc Tol.
Det. Cans. <& Nor.
Detroit & Mackinac.
Elgin Joliet Sc Eastern.
Flint Sc Pere Marq.
Grand Rapids Sc Ind.
Illinois Central.
Ind. 111. & Iowa.

Midd e W estern -(.C o n ,)
Iron Railway.
Kanawha Sc Michigan.
Lake E. Alliance Sc So.
Lake Erie & W est.
Louisv. N . A. Sc Chic.
Manistique.
Pittsburg & Western.
Sag. Tus. & Hur.
South H aven & Eastern.
Toledo & Ohio Central.
Tol. Peoria & W .
N orthw estern.
Burl. Cedar Rap. Sc Nor.
Chic. Burl. <!fc Quincy.
Chic. Mil. Sc St. Paul.
Des Moines N. & W.
Iowa Central
Minn. Sc St. Louis.
Minn. St. Paul Sc 3. S. M.
Wisconsin Central.
Southwestern.
Arkansas Midland.
Atch. Top. Sc Santa Fe.
Colorado Midland.
Denver Sc Kto Gr.
Ft. Worth Sc Den. City.
Ft. W orth & Rio Grande
Kan. C. Ft. 3. Sc Mem.
Rio Grande Southern.
St. Louis & San Fran.
San Ant. & Arau. Pass.
Tex. Sab. V al.& N .W est.
Qn. Pac. Denv. & Gulf.
Waco & No’ western.
Pacific Coast.
Atlantic & Pacific.
Canadian Pacific.
Nevada Cy. Nar. G’ge.
Northern Pacific.
Oregon Improvement.
Rio Grande Western.
San. Fran. Sc North. Pac.
So. Pacific.—
Gal. Har. Sc S. A .
Louis. Western.
Morgan’s La. Sc T.
N. Y . T e r. Sc Mex.
Texas & New Orleans.

P a cifl: Coast—.Con.)
Pacific System
Union Pacific—U. P. Ry.
Ore. Sh. L. Sc Ulan Nor.
St. Joseph & Gr. Island.
Kansas City & Omaha.
Central Branch. See.
A tch’ n Col. Sc Pac.
Southern Roads
Alabama Great South’ n.
Alabama Midland.
Atlau a & W est Point.
Atlantic Sc Dany.
Birmingham & Atlantic.
Brunswick Sc W estern.
Carolina Midland.
Central of Georgia.
Chas’ n Clen. * Sutton.
Charleston & Savannah.
Chesapeake Sc Ohio.
Cin. N. O. Sc Tex. Pac.*
Gadsden & A ttala Un.
Georgia.
Ga. Southern & Fla.
G ulf Sc Chicago.
Jack. Tampa Sc K. W .
Kan. City Mem. Sc Bir.
Lexington & East.
Louisville Sc Nashville.
Macon Sc Birmingham.
Memphis Sc Charleston,
iMobile Sc Birmingham.
IMobile Sc Ohio.
Nash. Chat. Sc St. Louis.
Norfolk & Western.
Northeastern o f Georgia
Ohio River.
Petersburg.
Rich. Fred. & Pot.
Rich, Sc Petersburg.
Sav. Fla. & Western.
Southern Railway
W estern of Alabam a.
W est Va. C. Sc P.
W rightsv. & Tennllle.
M exican Roads.
Mexican Central.
Mexican International
Mexican National.
Mexican Northern.

X W e include these W estern lines in our table by taking an estimate for 1895
on which to base the increase or decrease reported for this year.
+ For m onth only.

P R O S P E C T OF M A N U F A C T U R I N G IN D U S ­
T R Y AND FOREIGN TRADE I N J A P A N *
B r K . N A K A M U R A .—[S econd A r t i c l e ]

J a p a n h a s a v e r y r i c h fo r e s t , o w i n g t o h e r g o o d c lim a t e ,
f e r t i le s o il a n d t h e e x t e n s iv e

r a n g e o f m o u n t a in s r u n n i n g

f r o m o n e e n d o f t h e c o u n t r y t o t h e o t h e r . T h e s t a t is t ic s o f 1888
s h o w 6,893,880 c h o s ( c lio =

-83 a c r e ) b e l o n g i n g t o

th e G o v ­

e r n m e n t a n d 7,447,713 c h o s b e l o n g i n g t o p r iv a t e in d iv id u a ls ,
w i t h 36,437,488,697 t r e e s a n d a v a lu a t io n o f 35,538,593 y e n s
(T . N ., p . 110-133).

T h e s e fo r e s t s s u p p ly m o r e

n e e d e d b y e i g h t m i llio n n a t iv e
t h e ir h o u s e s .

fa m ilie s t o

w ood

th a n

e r e c t o r r e p a ir

I n 1891 J a p a n e x p o r t e d b a m b o o a n d b a m b o o

w a r e s a n d t i m b e r a n d w o o d e n w a r e t o t h e a m o u n t o f 758,044
y e n s , s h o w in g a n in c r e a s e o f t e n p e r c e n t o v e r t h e p r e v io u s
year.
W it h re g a rd

to

h e r a g r ic u lt u r a l p o s it io n t h e

fo llo w in g

t a b le in d ic a t e s t h e e x t e n t o f t h e a g r ic u lt u r a l fie ld s in s o m e
o f th e p r in c ip a l cro p s.
1878.

1881.

1884.

1887.

Chos.

Chos.

Chos.

Chos.

Chos.

2,564.125
1,458,759
761,210

2,605,720
1,485,779
769,332

2,637,069
1,591,374
796,849

2,747,797
1,701,716

R ice fields. .2,489,965
*W heat “ ..1,865,621
Otli. grain “ 740,801

1890.

* W heat includes oats and barley.
* The references in these articles, wherever they occur, are to the
follow in g reference b o o k s : I. & C. of Japan—Industry and C om m erce
of Japan,published by Bureau o f C om m erce; R. S.—Resum6 Statistique du Japan, published by the Bureau o f Statistics; T. N.—Tokei
Kenkwan

THE CHRONICLE.

J une 20. 1896 .J

1121

The following shows the quantity produced ;

The foregoing reveals many interesting results. First, as
to silk fabrics, -we find the enormous increase o f 313 per cent
1S7S...................... bushels.126,412,700
in five years. This increase stimulated the export and the
1 8 8 1 ........................
“
1 2 9 ,8 3 0 .9 1 5
1 8 8 4 ..........................
*■
1 3 1 ,7 1 9 ,4 1 5
Japanese silk found its market in Europe and America. The
1.887..........................
«»
1 9 9 ,9 9 3 ,9 9 5
1 8 9 0 ..........................
“
2 1 5 ,1 8 9 ,0 4 5
following table shows the increasing export o f silk to the
Here we find some very interesting economic events. The various countries.
1887.
1889.
1891.
rice field was extended in every three years from 1878 to
Yens.
Yens.
Tens.
1890 in the following ratios : 3 per cent, 1 3-3 per cent,
per
Austria..................................
705
2,460
2,252
cent and 4 per cent, while the production was increased as France—
..... .
116,507
560.619
1,092,086
5,723
26,541
G
erm
any......................
.......
163,191
follow s: 3-7 percent, 1J£ per cent, 33 per cent and 7% per Great Britain......................... .. 224,849
671,341
576,817
108
2,778
cent. These figures reflect a very decided improvement in
2,800
6,818
the art o f cultivation. The following table shows the rates of
..
347,784
E
u
r
o
p
e
.............
...........
1,263,S69
1,843,942
increasing productivity in the various agricultural products:
R ice.

R ice.
1 87 9 . . 1 0 2
1 S 8 0 -1 * 2 2
1 88 4 ..1*0 3
1 8 8 7 -1 * 5 2
1 3 9 0 ..1 * 5 7

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

K o k u J bushels) p e r ta n 0 8 3 a cre
Wheat. B e a n s . Aura. R im . Sofa.
*60
*8*2
*39
*09
-40
*45
*87
*78 1*05
•56
*89
*45
*73
*94
•56
*08
*94
*44
•53
*88
1 0 0 1*1*2
*71
•72
1*26

—

O om .
•18
-17
•19
-3 ?

O ther G rain.
4 ,7 7 7 ,6 1 4
5 ,6 1 5 ,8 1 1
0 ,0 0 3 ,0 8 8
8 ,5 8 3 ,3 2 7

s -K w a n (S 15.)-,
p e r tan.
P ota ­
Jap.
toes. p ota toes.
90
149
204
99
110
186
100
2 07
172
254

__

Canada................- _________
United States.......................... ..

14,801
897,470

6,846
1,331,716

34,221
2,453,486

America.............. ........... . .

912,271

1,338,562

2,487,707

Australia.................................
India.......................................
Corea.......................................
C h in a ......................................
Hong K ong—___________ . . . . .
Russia...... ........ .....................

12,835
24,711
41,667
96,385
224,849
5,832

38,256
13,455
34,5
8,956
671,341
21,176

50,303
77,787
96,140
5,146
576,817
6,303

1889.
1 7 ,2 2 7 ,2 2 2

1890.
1 4 ,3 9 1 ,0 6 1

1 89 1 .
9 ,4 0 1 ,9 5 4

This increasing fertility lias stimulated the export o f the
787,760
812,496
raw materials. In 1S8D Japan exported rica to the am mint
Asia........................... ....... . 406,279
of 2,255,113 yens; in 189(1, to 7,431,055 yens : in 1891, to Grand total............................. . 1,666,334
3,390,191
5,144,145
0,313.333 yens, o f which 87 per cent was sent to Europe and
O f th is t o t a l a m ou n t 60 p er c e n t con sisted o f h a n d k erAmerica.
chiefs and the rest was made up of screens, cartoons, bed­
Fishery is another interesting industry in Japan. In 1887 spreads and the like, each of which bears some char­
there were 865,189 fishers and 277,698 boats. The value of acteristics of J(he Japanese art. Hence an increasing export
the total production was estimated in 1890 at 10,257,134 yens, of those goods from Japan would not directly affect the
besides an enormous amount o f manure and oil. The fol­ silk goods o f some other countries. Of course we must
lowing table shows the growing export of fur, sea-weed, fish admit indirect competition. The question of competition
and fish oil.
involves that o f quality and price. As regards price, the
Sea treed.
D r y fish .
F ish ail.
Total.
fu r .
important point is whether machinery can produce silk
Yens.
le n s .
Yens.
Yens.
4,'i Yent.
9 3 2 ,6 6 3
1 .8 2 0 ,4 2 6
3 7 ,9 7 2
2 ,8 2 5 ,7 4 0 cheaper than the Japanese weaver. But here we have no
1 8 9 7 ._____ 3 4 ,5 7 0
84(5,724
1 ,7 8 2 ,9 7 0
8 0 ,6 6 1
2 ,9 8 7 ,3 5 8
18m ........ 8o,ioo
1,2 2 0.64 1
1 ,9 0 7 .8 9 2
1 7 5 ,8 0 2
8 ,3 0 6 ,7 9 7 data for forming an estimate.
1 8 9 1 ............. X09.562
Turning to the question of quality, we readily see the
Tea and silk are generally known as the mast important
productions in Japan. The following is the estimate of obstacles to be overcome by the Japanese weaver—first in
regard to fashions and secondly in regard to the finishing.
these productions,
As every reader knows, the fashions in dress are set by the
1 S78.
1 881.
1384.
1 88 7 .
1 890.
Kwan.
K it an.
K w an.
Kieart.
Ktran.
French and the best silk fabrics are mostly produced in
...........
6 .0 1 3 J H 2
7 ,1 1 1 .2 3 1
0 ,9 4 5 ,4 1 9
T e a ___ .6 ,0 1 3 ,9 8 2
S ilk ____
3 6 2 ,8 0 7
6 3 5 ,2 5 1
7 8 2 ,0 8 3
1 ,0 8 6 ,5 6 3
1 ,2 5 0,70 2
Lyons. Unless the Parisian will support tlxe Jananese
Here we observe a very marked progress in raw silk, but weaver, or unless Japanese art shall be universally accepted
a staticaiary condition in the production of tea. We find a and a Japanese pattern become the model for new fashions,
similar result also in the exports, as follows.
the Japanese weaver can hardly expect to compete with
1387.
1889.
1891.
the French. Suppose the Japanese weaver removes this
*
Y ens.
Yens.
Yens.
T i-.j............................................... 7 ,5 0 1 ,9 3 5
0 .0 6 1 .3 0 7
6 ,9 0 1 ,0 2 3 difficulty o f design, still there is another difficulty with him.
S il k .............................................. 2 1 ,3 3 2 ,3 3 0
2 8 ,3 7 3 ,1 1 9
3 1 ,7 9 9 ,6 6 3
It is the lack of skill in finishing the goods. No matter how
This discoursing state of the tea trade is due to the lecent
excellent the fabrics, his goods have no brightness and stiff­
rise of Ceylon and Russian teas. In the case o f silk Japan
ness. No doubt the Japanese silk with the advantage of
has no rival, for silk-raising is the work most fit for the
smaller wages will find a place in the foreign market, but to
Japanese woman. In Japan man gathers the mulberry
replace the foreign goods by it is as yet impossible.
leaves and worn m takes care of the silk worm. In order to
The case o f cotton goods is somewhat different from that
succeed one must be particularly patient and good-natured.
of silk goods. There it is rather the question o f machinery
These qualities are found more abundantly among the Japan­
tlxan that of skill. However, Japan made very rapid prog­
ese women than among those o f any other nation.
ress in her cotton mills during the last decade. In 1887
Now let us examine the textile industry. The following is
she imported raw cotton to the amount of 913,968 yens, in
the estimate of the textile fabrics produced by the profes.
1889 to amount of 5,668,838 yens and in 1891 to amount of
sional workers,
,------------------------------------- - Y a l n a tio n .------- ---------------------------. 8,199,251 yens. And we have seen in the preceding table
R a te o f
1890.
1887.
1885.
that Japan made during six years, from 1885 to 1891,
In crea se.
1'em .
Yens.
Yens.
the tremendous increase of 486 per cent in the production
1 0 ,5 0 1 ,3 7 8
7 ,9 0 8 ,6 2 1
S H k ..................... .. 3,742,1135
of cotton fabrics and o f 403 per cent in mixed
2 ,1 3 1 ,3 0 0
1,8 3 9,22 0
28-8,784
S ilk b r o c a d e ....... ..
goods.
W ith the increase came a violent fall in price. The
213%
12,0 32 ,7 3 8
9,7 4 7.84 1
. 4 ,0 3 1 ,7 1 9
T otftL .
average price of the new cotton became two and half times
1 3,0 9 3 ,4 4 2
1 1,5 21 ,8 9 1
.. 5 ,3 4 1 ,6 5 0
4 6 5 ,10 1
5 0 3 ,9 9 5
cheaper than the old cotton, and that o f the new mixed
*290.729
C o tto n b r o c a d e . 13,5 03 ,0 0 3
141% goods became one and one-half times cheaper than the old ones.
1 2 ,0 2 5 ,8 8 6
5 .0 4 1,37 9
T o t a l..................
2 ,9 7 8,30 1
Now the change in the price eventually checked the import
3 ,0 3 3 ,5 8 0
M ix e d k'0<Kls___ . 1 ,4 1 4 ,2 0 3
2 ,3 3 2 ,0 2 0
95-5,571
1 26 ,43 3
M t a d taKKMMle- .
of the foreign goods, as indicated in the following table :
4 ,5 0 4 ,1 5 1

5 ,3 1 0.82 1

245%

8 7 0 ,2 7 7

1 ,1 0 7 ,5 3 0

1,5 3 3,48 9

70%

G ra n d to ta l . . .1 2 ,0 8 4 ,0 7 1

2 7 ,4 7 5 ,1 0 3

3 3,0 4 9 ,1 5 1

1 ,451,276
1 32,303

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

4 ,1 5 4 ,4 6 6
0 3 9 ,48 5

T o t a l - . - - . . 1,0 0 0,83 9
C ot t o n . . . . . . . . . . . . 5 ,1 9 3 ,1 1 4
3 03 ,57 2
C o tto n b ro ca d e . ..

3 ,5 4 9 ,3 2 1
2 9 ,6 1 9 ,3 8 1
1 ,458,308

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

2 05 %

T o ta l.................. .. 5 ,4 9 8,68 0
7 5 0 ,1 3 0
M ix e d g o o d s ___ .
1 27/231
M ix e d b ro ca d e . ..

3 .0 7 7 ,0 89
2 ,4 2 3 ,8 4 6
5 8 6 ,2 7 9

3 2,2 34 ,6 1 8
2 ,7 6 4 ,9 0 7
1 ,6 3 8 ,9 1 0

486%

877,301

3 ,0 0 9,92 5

4 ,4 0 3 ,9 0 7

403%

8 7 5 ,9 1 6

1 ,4 3 2 ,0 6 4

1 .0 1 1 ,9 5 4

151-1%

8 ,8 6 3 ,0 0 2

3 9 ,0 0 9 ,4 9 0

' 4 2 ,5 4 4 ,4 3 0

T o t a l.. ............. . 1 ,5 4 0.69 8
H e m p . . . . ........ — - .

3Hk,........................
8Uk b r o c a d e ....... .

T o ta l......... . ... ..
H e m p . . . . . . ........ .G ran d to ta l--

1 88 7 .
1 1,8 7 5 ,8 9 9

1888.
1 8 ,6 1 7 ,7 3 8

How far Japan is likely to advance in the cotton industry,
and what accounts for her progress, will appear as we pro­
ceed.
Pass now to a consideration of the increasing population
of Japan and study the bearing it has ou the manufacturingindustry in Japan. The following table shows the growth
of population.
■
. „
1872.
P o p u la tio n ................... 3 3 ,1 1 0 ,8 2 5
K a te o f in c r e a s e ...............................

1 88 2 .
3 6 ,7 0 0 ,1 1 8
10-4%

1887.
3 9 ,0 6 9 ,6 9 1
4 -82 %

1892.
4 0 ,7 1 8 ,6 7 7
5-00%

Thus population has been steadily increasing at the aver­
age ratio of one per cent each year. Should the population
increase indefinitely in this ratio, where will the people get
their supplies of food? This is the trouble suggested b y

1122

THE CHRONICLE.

Malthus in his law of population. Of course production may
be enlarged by increasing the productivity of the land, and
the productivity of the land may be improved, as we have
already seen, by greater agricultural skill.
But after
all the productivity of the land can not be increased indefi­
nitely. As already said, there are in Japan large tracts of
land still to be cultivated. For instance, in Hokkaido, we
find only three persons to one square kilometer. But this
island, too, may soon become densely populated.
This question of how to supply the wants of an increasing
population is an important one for Japan. She is more
thickly populated than other countries, and naturally,
therefore, she has more reason for feeling troubled about such
pessimistic possibilities. The following table indicates the
comparative density of population in various countries.
Pop.
CenPup. Cenper
sus
per *ns
Year. Countries, sq.m. Yexr. Countries, sq.m.
1893 B elgium ........ 550
Netlierl and. .. 374
China.............. 284
1888 f Cent............. 435
a North.........207
S South.......... 452
jjS liikoku ___ 413
e=Kuiskiu___370
( Hokkaido .. 9

1891 -g a fE n a l’ d A
g<s I W ales. .4 9 8
{ S c o t l’ d. .1 3 5
Csffl 1 Ire la n d .144

[Vol. LXI1

F A L L R IV E R M ILL D IV ID E N D S.

The dividend record of the Fall Rirer cotton-manufacturing
companies for the second quarter of 1896 is not so satisfactory
as that.for the first quarter of the year, and is in fact slightly
less favorable than that for the corresDonding quarter of
1895. Two corporations—the Barnaby Manufacturing Company and the Metacomet Manufacturing Company—have
passed their dividends this quarter as they did during the
first quarter of 1896 and each quarter of 1895. The other cor­
porations which have made no distribution this quarter are
the American Linen Co., the Robeson Mills and the Slade
Mills, all of which were in the quarter of last year included
among the dividend- payers. The Parker mills have only
just begun the payment of dividends and the Stevens Manu­
facturing Company made its first distribution to stockholders
CenPop.
in October last.
Of the remaining mills four have paid
sus
per
Year. Countries, sq.m. out less than in 1895 and twelve have maintained last year’s
1890 A ust’a-Hun.171
rate of distribution. The aggregate amount paid out for the
1893 D en m ark ... 143
1890 P ortugal___ 124
second quarter of 1896 has been $336,125, or an average of 1-50
1887 S pain.......... 8 8
per cent on the capital. In 1895 the average dividend for the
1889 G reece........ 87
1893 Sweden AN. 27'9
second quarter was 1*58 per cent, in 1894 it was 1'52 per cent,
1885 T u rk e y ....... 24
1890 Unit.Staies. 21-3 jU 1893 it was 2'36 per cent.

A v e r a g e ................ 259
1890 Germany. ..2 3 6 7
1893 Ttaly............ 227
1891 F ra n ce........187-8 1893 M e x ic o ....... 15-6
1888 Sw itzerlandl82 1893 Chile............ 9-6
1887 A rgent.Rep. 3-d
.278 1893 Russia......... 173

Average.

In order to avoid the possible evils, the Japanese must,
like city people, engage in manufactures, and exchange
their products with the raw materials of other countries.
Japan has, as we have already seen, a good geographical
situation'for commerce. Her natural products of coal and
copper are the important materials for manufactures. Her
general production is rapidly increasing and is strongly stim­
ulating the foreign trade.

Dividends 1896. Dividends 1895.

S eco nd Q u a r t e r
189G and 1895.

Capital.
P. C. A m o u n t. P. C. A m ou n t.

$800,000 ..N o dividend.
$ 12 ,0"0 - 12,000
1^
400,000 ..N o dividend. ..N o dividend.
330,000
2
4.950
$8,600
+1,650
\X
1 , 000.00 15,000
2
20,0 ■"
—5,000
1*
400,000
1
4,000
3
12,000
—9,000
500.000
7,500
2
10 , 00 "
+2,500
IX
120.000
1,800
1,80:*
1X
8.000
406.000
6,000
-}-2,O06
IX
400,00"
2
8,000
6,000
+ 2,000
ix
580,000
2
11.600
2
11,60"
1 , 200,000
18.000
18,000
ix
IX
1 ,000,000
20,000
15,000
+5,000
IX
800,000
12,000
12,000
IX
IX
1 . 000.
..N000
o divldeud. ..N o dividend.
1 . 000.000
15,000
IX
ix
500,000
IX
7,500 *LX
6 , 0"0
750.000
2
15,000
11,250
+3,750
ix
800,000
2
16,000
12 ,0 '0
+4,000
ix
288,000 ..N o dividend. ..N o
400,000
6 ,00 "
6 , 0"0
IX
\x
600.000
2
12,0 0
9,"00
+3,000
1x
500,000
6,250 ..N o dividend.
+0,250
6 00.00
9,000
IX
ix
800.000
12,000
12 ."0 0
ix
IX
260,000 ..N o dividend.
3,9"0
-3 .9 0 0
IX
900.000
18,000
1
9,000
2
-9 ,0 0 0
K» * no
500,000
7.5"0
2
+2,500
IX
600,000
9,000 * t x
6,000
+3,000
IX
550,000
2
8.250
1 1 , 00
+2,750
lx
550,000 ..N o dividend.
1
5,50)
—5,500
800,000
2
2
ItS.OnO
16,000
2 ''0,000
2
5,000 ..N o tlividend.
+ 5,000
500.000
7,500
7.500
18,0*0
300.000
13.006
750.000
2
—7,5 6 6
15,"00
3
22,5"0
750,000
2
15,000
11,250
+3,750
ix
550,‘100
6,875
6,875
1M
1*4

American Linen Co............
Barnaby M anuf’g Co.........
Barnard M anuf’g Co.........
Border C'ty M anuf’g C o..
Bourne Mills .......................
Chace M ills...........................
Cornell M ills........................
Davol M ills..........................
Flint Mills..............................
Globe Yarn Mills..............
Granite Mills........................

2

Kerr Thread Co...................

IM P O R T S A N D E X P O R T S O F GOLD A N D
S IL V E R A T S A N FRANCISOO.
We have received this week from the Collector of Customs
at San Francisco the details of imports aad exports of gold
and silver through that port for the month of May, and
they are presented below, together with the figures for the
preceding months, thus completing the results for the eleven
months of the fiscal year 1895-96. The imports of gold were
less than in April, the amount received reaching $86,695, of which $5,738 was in coin; but of silver there
came in $144,508. of which $135,046 was bullion. There has
been received during tiie eleven months a total of $935,049 gold
and $1,816,547 silver, which compares with $1,272,376 gold
and $1,939,317 silver in 1894-95. The shipments of gold during
May were heavier than of late, reaching $110,460 coin and
$1,850 bullion, and the exports of silver have been $53,859 coin
and $565,000 bullion. For the eleven months the exports of
gold have been $681,929, against $652,229 in 1894-95 and
$10,887,194 silver has been sent out, against $12,511,479 in
1894-95. The exhibit for May and the eleven months is as
follows:
IMPORTS o r GOLD AND SILVER AT SAN FRANCISCO

MONTHS.

GOLD.

Coin.

Bullion

1895-96.
J u ly .........
A ugust___
Beptemb’r.
O ctob er...
November
December.
January...
February..
M arch .__
A p ril........
M ay.........

$
$
9,330 42,400
245 90,240
8,318 88,818
15,212 92,86b
1,180 111,157
8,448 83,549
13,821 69,212
4,595 38,604
1,260 48,231
12,045 108,823
5,738 80,957

Tot. 11 mos

80,192 854,857

51,730
90,485
97,136
108,078
112,337
91,997
83,03a
43,199
49,491
1 2 0 ,8 6 8

86,695
935,019

Coin .
$
7,135
10,708
227,877
75,440
8,715
69,621
2,341
71,305
94,286
29,845
9,462

Bullion.
$
128,955
76,171
119,501
123,699
86,213
67,187
133,129
91,520
109,184
139,207
135,046

Totau.
$
136,090
86,379
347,378
199,139
94,923
136.808
135.470
162.>-25
203.470
169.052
144.508

606,735 1,209,812 1,816,547

GOLD.

1895-96.
Ju ly ....... .
August___
September.
O ctob er...
Nov* mber
December.
January ..
February..
M arch___
A p ril........
M a y ...........

Tot 11 mos

Coin.
79,321
62,844
61,748
112,316
56,697
92.415
29,512
4,760
7,8457,063
110,460
674,984

BulVn

SILVER.

Total.

Coin.
$

” 4’
140
1,85<

80,481
238,875
62,869
248,349
62,208 l,2o9,400
112,386
813,309
59,797
756,495
92,415
438,525
29,612
190,043
4,760
574,354
7 ,8 m*
425,175
57,203
77,572
112,310
53,859

6,945

68 \ 9 2

1,160
460
70
3,100
io o

Richard Borden M fg. Co..
Robeson M ills....... ..............
Sagamore M anuf’g Co —
Sanford Spinning C o .........
Seaconnet M ills..................
Shove Mills...........................
Slade Mills.............................
Stafford Mills.......................
Stevens Manufactur’g Co.
Troy Cot. & W . Mfg. C o...
Union Cotton Man’f ’g Co
Wampanoag M iils..............
W eetam oe Mills..................

$22,428,000

Bullion.

Total.

$
$
560.000
798,875
325.000
573,349
813.350 2,022,750
520,800 1.354,109
738,548 1,41-5.043
426.1 0 861.625
447,700
637,743
418,500
992,854
416.350
8 il,5 2 5
609,890
687,462
565,000
618,859

5,045.956 5,841,238 10,887,194

1-50

$336,125 n -70

838,375

—2 250

Combining the foregoing results with those for the first
quarter (published in the C h r o n i c l e of Feb. 22, page 376), we
have the following exhibit for the half-year. It is there seen
that thirty-seven corporations, with a capital of $22,428,000
have paid out in dividends in the first half of the present
year $795,875, or an average of 3 55 per cent, against $659,800,
or 3'09 per cent, in the like period of 1895. In 1894 the aver age dividend was 2*88 per cent and in 1893 was 4-32 per cant.

SILVER,

Total.

EXPORTS OP GOLD AND SILVER FROM SAN FRANCISCO.
MONTHS.

Laurel Lake Mills...............
Mechanics’ Mills.................
Merchants’ M anuf’g Co...
Metacomet .Manuf’g C o...
Narragansett M ills............
Oshorn M bls.........................
Parker M ill...........................

T o t a ls ............................

Increase
or
Decrease

H a l f Ve a r s
1893 and 1895.

Capital.

American Linen Co.
Bamabv Manufac’g Co__
Barnard Manufac’g Co___
B irder City Man’f ’g C o ...
Bourne Mills.....................
Chace Mills .......................
Conan’ out Mills................
Cornell Mills.....................
DaVOl Mills........................
Flint M ills......................
Globe Yarn Mills..............
Granite Mills .................
Hargraves M ills..............
Kerr Thread Co................
King Philip Mills..............
Laurel Lake M ills............
Mechanics’ Mills..............
Merchants’ Manufac’g G
Metacomet Man’f ’g Co..
Narragansett. M ills...........
Ognorn Mills......................
Parker Mill.............. .......... 1
Pocasse-. M anufact’g Co
Richard Borden M ’f'g Co.
Robes m M ills...........
Sagamore Mfg. C o...
Sanford Spinning Co
Seacounet Mills........
Snove Mills ............
Slade Mills ..............
Stafford M ills..............
Stevens Manufactur’g Co.
Tecumseh Mills .................
Troy Cor. Jfc W . Mfg. C o ....
Union Cotton M’f ’g C o ___
Wampanoag Mills..............
W eeiamoe M ills..................

Totals----

Dividends 1896. Dividends 1895. Increase
P . C. A m ou n t. p . a

A m ou n t.

$800,000
$ 12,000
3
$24,00'
400,000 ..N o dividend. ..N o dividend.
330,000
4
9.9 >0
3
13,8' )0
1 , 000,000
85.00'1 3X
3-5,000
SX
4
24,000
400,000
6
24,000
4
500,000
20,000
3
15,000
120,000
3^
4,200
1.80"
IX
12.000
400,000
4
3
16,0 0
4
400,000
10,000
3
12 ,00 "
580.000
4
23.200
4
23,200
1 , 200.000
42,000
30,000
$x
2X
4
40.000
30,00"
1 ,000,000
3
800,000
3
24,000
24,000
3
1 ,000.000
4
40.000
25,0)0
2X
1 ,000,000
3
30,<i00
30,"00
3
3
12,000
5110.000
12.000
S
4
750.000
80,000
18,75 ’
2X
800.000
82.*
00
4
3
24,000
288.0"0 . .No dividend. ..N o dividend.
14,U"0
14,000
400,000
3X
24,0 "
3
0OO,"OO
18,0.00
t*
500,000
6,250 ..No dividend.
IX
600,000
8
18.0H0
18,000
8
24,000
28,000
800,000
3
XX
200.000
3,90"
3.900
IX
IX
900,000
3
27.000
31.500
3^
15,000
4
20,0 10
8
500,000
4
24. "00
600,000
3
1 2 ,00'i
550,000
4
1+500
22.0 J"
3
55i *,000
6.5 "
5,500
1
1
32,000
800,000
4
4
32,0 -0
4
2 0 000
10,000 ..N o dividend.
15,0 >0
500,000
17.600
3
3X
300,000 * 15
45,00" 10
30.0)0
37,500
750.000
5
37,50 • 5
3
750,000
24.500
5
37.50"
650,000
2H
15,1 5
13,750

$22,428,000

3*55

3-fiQ

Decrease
- 12,000
+3,300
— 8,000
+ 5,660
+2,400
+ 4 .0 )0
+4.000
+ 12,000
+ 10,000
+15,000
+11.250
+ 8,000

+0,o'o6
+0,250
+4,000
—4.500
+5,000
+ 12,000
+5,500
+IC.O 06
+2,500
+ 15,000
+ 16,000
+ 1,375

$050.8" • ■*■13+075

idend o f 5 per cent from real estate.

THE CHRONICLE.

JtnsE 20, 1896.J

p l o

iije t a r g l© a m m

e r c ia l^ t ig lis lt ^ e t c s

[F rom o a r ow n correspondent.!
L o n d o n , S a t u r d a y , J u n e 6. 1896,

In Paris, Spanish bonds are rapidly recovering. It is said
that an understanding has been arrived at between the great
Paris bankers and the Spanish Government for large conces­
sions respecting Spanish railways, and there are rumors that
preparations are being made for a large Spanish loan. But
the principal activity in Paris, as in London, at the moment
is in South African gold shares. The well-proved mines that
are paying good dividends are chiefly in demand; but there is
large buying likewise of the deep level properties.
The American department, as already said, is neglected;
investment is almost at a standstill, and even bold operators
are speculating but slightly. Copper securities are still in
strong demand and are steadily rising. The chief run is upon
Rio Tintoshares, but Anaconda shares have likewise advanced,
and there is a report that the Messrs. Rothschild are negotiat­
ing for the purchase of a fresh block of those shares.
The rates for money have been as follow s:

S
I

May

8 2

15 2
22 2
20 2
June 6 2

Interest allowed
fo r deposits by

Open M arket B a tes.

i

B ank Bills.
Trade B ills.
D isc’t H rse
Join t
Three
F our
S ix
Three
F our
S ix
Stock A t 7 to 14
Months Months |Months M onths M onths M onths B anks. C a ll D ays.
H 13-16 M 13-18% 13-16 U 13-16
1
U4
15-1(3
15-16 | 15-16
1 W® 1 U
IM
13-10
13-10 | 13-10
1«
m s> m
V4.
13-16
13-10 } 13-16
1 ®D<
W
IK
U 13-10 M 13-18 % 13-18
1
1%
m

K
X
K
K

K
«
M
H
X

H
H
X
H
X

Che Bank r *;e of discount ana open market rates at the
chief Continental cities have been as’ follow s:
J u n e 5.
R ates o f
In terest at

Paris......... ..
B erlin. . . . . . . . .
Ham burg..
Frankfort..
Am sterdam ....
Bruegels....
Vienna . . . . .
8 t. Petersburg
Madrid.. . . .
Copenhagen..

B ank
B a te,

Ope*.
MarKei

2
3
3
3
3
3
4

m
m
m
2H
2k
SK
m
m
IK
3

8K

4X
3

M ay 29,

M ay 23.

Bank
Open
B a i t . Market

Bank
0p41<
B a te . M arket

2
3
3
3
3

lik
m
2U
m
2K
m
m.
m
■IK
3

0

4
m
3

2
3
3
3
3
3

m
m
m
m

1

m

CK
4K
3

4K
3

M ay 15.
B ank
R a t,

Open
M arket

2

3
3
3
3
3
4
«M
IK
3

2=1

2

m
m
m
m
2W
3K
m
4K
3

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &e.,
compared with the last three years:
1890.
J u ne 3.
£
20,359,500
11,447.553
-49,837,070
15.257.090
28,577,580
38.270,051
47.835,551
SDK

1895.
June 5.
16
20,085,835
5,830,039
35.7 8 i, 730
13,921,202
20,513.083
27,730,041
37,021,878
02 3-18

M essrs.
J m e 4 :

P ix le y

Sc

A b e ll

1

C ir c u la tio n ......... .
P u blic d e p o s its .,......... .
O ilier d e p o s it s .... . . . . ................
Ckjveratnent se c u r itie s..........
O ther s e c u r i t i e s .. .. . .. ..................
d ese rv e o f n otes and c o in .........
Coin & bu llio n , b oth departm ’ ta
P ro p .re se rv e t o 11a b ilitie s .,p .c.
2
2
Bank r a t e ................. ...p e r c e n t.
C onsols, 2% per c e n t ................... U 3 3-10 X d
100 x d
S i l v e r ............ — ...................
30Kd.
Clear!nar-Flouse returns . . . . ..
103,901,000
♦ J u n e 8.
l
e>

The release of the Pretoria prisoners has made an excellent
impression here as well as in South Africa, and there has
been a general rise in prices. The attitude pursued by the
American Government towards Spain is inducing the hope
that serious troubles between the two countries will not arise.
The Austro-Hungarian Emperor's speech, anno joeing the
strengthening of the Triple Alliance, has made an excellent
impression, and the anger at first excited in France by theDongoia Expedition is dying out. The general feeling in i-ranee
now ai pears to be that this country has upon its hands a dif­
ficult and costly business, and that France can afford to look
on without disturbing herself. Even the rising in Crete ex­
cites little alarm; every where it is believed that Russia will
act with the other Powers in restraining Greece and in pre­
venting Turkey from following its usuai brutal course.
In a word, the hope is very general now that European
peace is as-ured for this year at all events; that the troubles in
the Transvaal will gradually subside; that the Matabeie insur­
rection is practically at an end, and that therefore business
will very steadily improve. The one unfavorable influence is
the unexpected strength o f the silver party in the United
Sfatts. It is feared that there is a possibili'y that the free
stiver advocates will control the Democratic Cinvention in
July, and that the Republican Convention to be held the
present month may adopt an equivocal attitude, and that
thus currency difficulties in the United States may be pro­
longed. Upon the whole, however, there is an expectation
that the good sense of the American people will prevail, and
that somehow or other the silver party will be kept in check.
Meantime, money is growing cheaper than ever. Loans
for a week are readily made at j | par cent. Gold is coming
in from abroad in very large amounts, and everything points
to an exc edingly easy money market throughout the year.
In the silver market there is more speculation than there
has been for a considerable time, and the price is fluctuating
around 3 !' pi per ounce. It is argued that the unexpected
strength shown by the silveri’ es must ultimately benefit
silver and all stiver securities are likewise advancing.
In spite of the attractions of the Epsom Races, which always
take large numbers of operators from the city, the Stock Ex­
change h is been more active this week than at any time pre­
viously since the beginning of the year. The greatest activity
of course has been in Transvaal gold shares, in which there
has been a very considerable and a very general rise;
bnt with the exception of the American market,
where the probable nomination of Mr. McKinley and
the unexpected strength of the silverites is deterring opera­
tions, all departments of the Exchange have improved.
Even the Western Australian market is higher, although the
general opinion hitherto has been that when confidence re­
vived in the Transvaal the West Australian market would be
deserted; and there are signs o f growing interest in New
Zealand gold shares likewise. The general impression is that
President Kruger, having proved strong enough to carry out
his policy of clemency, will now proceed to inaugurate mod­
erate reforms *, that the bad feeling between British and
Boers will abate, and that the development of the mining
industry will proceed more rapidly than before.
There has also been a marked rise in consols, Indian Gov­
ernment stocks, colonials, and British Railway stocks. Con.
sok are rapidly approaching once more 114—the highest point
ever yet touched, and the feeliag is that they and other firstcl&M securities will go even higher, because of the extraordi­
nary cheapness of money. British railway ordinary stocks
gave way slightly in the beginning o f the week but they are
again advancing. The prices are extravagantly high; in many
cases at present quotations the stocks do not yield even 3 per
cent. Home industrial securities of all kinds are likewise in
strong demand.
There is very little doing here in international securities,
with the exception of A rgentine. Argentine securities of
every kind have risen considerably during the past few months,
mainly because of the fall in the gold premium, and largely
too because it is believed that the Debt Unification Bill will
be carried this session. There is a slight pause for the mo­
ment but most people expect a further advance.

1128

w rite

as

1991,
J u n e 0.
A
24.971,255
8,705,142
32,525,014
9,894.335
20,219,435
28,839,335
37,080,530
69 11-16

1«93.
J u n e 7.
A
26,530,085
7,034,500
30,039,380
11,208,017
20,438,839
17,399.358
27,485,423
40 9-16
2
*3
991-10 x d
10 1% x d
38%d.
28K4.
123,812,000 126,953,0 0 0

fo llo w s

under

d a te

of

Gold - During most o f the past w eek tha Bank has received most of
the arrivals, but tln-re are now Sicas o f farther demand for the Con­
tinent. £ 5 1 3 , 0 0 j has been purchased hy the Bank, of which the
larger proportion is la sovereigns from Australia, while .£20,000 has
been withdrawn f ir Malta. A rrivals; Yew Zealand, £4,000; Austra­
lia. £33^,0011; China. £34,000; Bombay, * 6 3 .0 /0 ; Capetown, £ 3 42.003; Chill,
New York, £2 ,«'0t; R iver Plate, £ 135,1 09; total,
£327,000. Shipments to Bombay, £25,009,
Silver—With a continuation o f the orders to w hich we referred in
onr last, the market remained exoeedtagly steady at
when a
alight rise took place, A renewal of aoiivity by the silver party in the
United States then caused tfew York to be a reluctant seller, and con ­
siderable speculative orders have since raised the p ice to SUnd.
Arrivals: New York, £174,090; Chili, £ 3 4 ,0 0 0 ; total, £2 09.0 00.
Shipments to Bombay, £2,509; Japan, £54,00.,’; total, £o6,500.
M exican Dollars -T nese coin are entirely nominal in the absence o f
dealings.

The quotations for bullion are reported as follows :
GOLD.
London Standard.
dar gold, flne— os.
Bar gold, parting.oz
Spanish Old....... .os.
I)o.
N e w ....o s .
0 . 8 . gold coin....oz
German gold oolinot
French srold coin.oz

June 4
3.
77
77
70
70
76
70
76

d.
9
9K
0
2

3M
3M
3W

May 28.
3. d.
77 9
77 m
76 0
76 2
70 m
70
70 3K

81LVEB
Lond on Standard.
Bar silver, flne. .oz
Bar silver, containLngSgrs. gold.oz.
Cake sliver..........oz.
Mexican dollars.oz.

4. May 28.

June
d.
31K
31M

A.
31M
81K

34
SOM

33 11-16
am

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

1895-96.
1894-95.
Im ports o f wheat.ewt.48 631,070 52,249,286
Barley........................... 17,656,960 20,280,944
Oats............................. 9,478,380
10,557,127
P e is ............................. 2,014,530
1,789,079
Beans........................... 2,5-0,2 12 3.327,452
Indian oorn................ 33,676,170
18,997,514
Flour............................ 15,555,750
14,735,600

1893-94.
45,023,645
25,028,623
9,704,201
1,893.388
3,968,443
2 6 ,U 2 , j07
14,451,246

1892-93.
41,781,904
13,423,649
9,815,219
1,083,435
3,226,319
22,875,327
15,7*5,143

THE CHRONICLE.

1124

S u p p lie s a v a ila b le f o r c o n s u m p t io n (e x c l u s i v e o f
S e p te m b e r 1):
1895-96.
1894-95.
1893-94
Wheat im ported.ow t.48,631,070 52,219,266 45,023,655
Imports o f Hour.........1*.555,750 11,735,000 14.151,246
Bales o f hom e-grown. 12,512,934 17,174,000 18,023,325

stock s on

C it y R a i l r o a d

1892-93
44,781,994
15,725,193
21,410,258

Atlan. A v e., B ’ klyn—

Total..................... 76,699,754 84,158,866 77,193,226 81,917,445
1895-96.
1894-95.
1893-94.
1892-93.
Aver, price wheat week.25s. 41.
23s. 54.
24s 41.
27s. 6d.
Average p rice,sea son ..2 5s. Id .
20s. 2d.
25s. 3d.
26s. 8d'
T h e fo l l o w i n g s h o w s th e q u a n titie s o f w h e a t, flo u r a i d
m a iz e a flo a t t o th e U n it e d K i n g d o m :
This week, bant week.
1891.
1895
3,180,000
W heat.................. qrs. 2,194,000 2,241,000
3,572,000
346,000
Flour, equal to qrs.
226,000
219,000
263.000
335.000
490,090
M aize................... qrs.
592,000
610.000
B u l l i s h F in a n c ia l m a r k e t * —P e r C a b le .
T h e d a ily c lo s in g q u o t a t io n s f o r s e c u r it ie s . & c ,, a t L o n d o n
a r e r e p o r te d b y c a b le as f o l l o w s f o r th e w e e k e n d in g J u n e 19.

Lindon,

Sat.

Mon.

Tues.

Wed.

Silver, p er o z ................d.
Consols', new , 2% p. ots.
F or aoconnf.................
Fr*oh. rentes (1H FariBjfr.
Ateh, Top. & S. F e .........
Canadian P a e iflo ..........
Ohio. Milw. A, St. P a u l..
Deny. & Kio Grande, pfd
E rie....... ..........................
do
1st p referred .
Illinois C entra)________
Lake Shore......... ............
Louisville <fe N ash ville..
Mexican Central 4 s.......
tfo. Kan. & Tex. co m ....
N. Y. Central & Hudson
N. Y . Ont. & W estern...
N orfolk & W est’n, p ref.
Northern P acific, p re f..
P enn sylvania................
Phil. & Read., per share
Southern R y., co m .........
do
preP d............
Union Paolflo..................
Wabaab. p re f...................

3130
1131,8
113i0
101-60
15%
63%
78%
49%
15
36
95
156*2
51%
71*$
11^8
98*3
14*$
1038
15
53is
4%
9%
29
7%
17%

317,G
112io1(
1131,8
01-72i$
15%
63%
79%
50*8
15*8
37*$
96is
156%
52%
72
12%
99*4
15
1078
15*8
537e
5*8
9%
30*4
8%
1838

313s
112l6lf
113
00-92*$
15%
63%
80%
50%
15%
37
97%
157%
52%
71%
12%
99*$
15
n%
15*4
54*4
*8%
9%
30
8%
18%

31 38
1121*18
I12i5lf
ICO 95
16%
64*4
81%
50%
15%
38
98*4
158*3
53%
72
12%
100
15
11*$
15*4
54*$
8
978
30*4
8%
18%

Thurs.

Fri.

317,8
317,8
112Hi, 1121*16
11213, 0 112%
101-05 101-25
15%
15%
64*4
64*4
807g
81%
49%
49*$
15*3
1478
37
37
98
97*3
1581$ 158%
53
53%
71%
71%
11%
12*4
91% 100
14%
15
11
10%
15
14%
5438
5438
7%
7%
9%
9%
2978
29%
8%
8%
18%
18%

* Second instalment o f assessment paid.
© c m x itte u c ta la tia

J K U s c e U a tte c r u s f^ e w r s

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 ,— T h e f o l l o w i n g a r e
th e im p o r ts a t N e w Y o r k f o r th e w e e k e n d in g f o r d r y g o o d s
J u n e 11 a n d fo r th e w e e k e n d in g f o r g e n e r a l m e r c h a n d is e
J u n e 1 2 ; a ls o to ta ls s in c e th e b e g in n in g o f th e first w e e k
in J a n u a r y .
FOREIGN IMPORTS AT NEW YORK.

For Week,

1893.

D'.y Goods.......
Gen’l mer’dise.
Total____ _
Since Jan. 1.
Dry G oods.......
Gen’l mer’diae.

|

1894.

|

1895.

$969,836
6,406,253

$9,946,694

$7,376,089

$9,330,925

$9,032,747

$67,368,827 $38,180,098
226,929,618j 155,855,185

$67,212,610
165,069,487

$56,013,315
162,568,333

$1,803,973
7,526,952

$ 1 ,3 9 1 ,1 -0
7,651,627

T h e fo l l o w i n g is a s ta te m e n t o f th e e x p o r t s ( e x c lu s iv e o l
•pecie) f r o m th e p o r t o f N e w Y o r k to fo r e i g n p o rts f o r th e
w e e k e n d in g J u n e 15 a n d f r o m J a n u a r y 1 to d a t e :
EXPORTS PROM N E W Y O R K F O R TH E W E E K .

1893.

1894.

$7,441,345
147,495,803

$6,446,940
160,341,674

S e c u r i t i e s — B r o k e r s ’ Q u o ta t io n s .
Aak.

Bid.
Con. 5a, g., 1 9 3 1 ..A & O
Im pt. 5s, g., 1934 ..J& J
Bleek. S t. & F u l.F .—Stk.
ia tm o rt., 7a. 1 9 0 0 .J&J
Brooklyn Rapid Tran ait.
B’ w ay& 7th A v e .—Stock.
la t mort., 5a, 1904 . J& D
2d m ort., 5a, 1 9 1 4 .J& J
B’ w ay 1st, 58, guar. 1924
2d 5a,lnt.aa rent’ 1.1905
Conaol. 5a, 1 9 4 3 ...J& D
Brooklyn City—S to c k ...,
Conaol. 5a, 194 a ___J&J
Bklyn.Crosat’ n 5 a .l9 0 8
B kl’n.Q ’naC o.& Sub.lst
B klyn.C .& N ’ wt’ wn—Stk
6 s. 1 9 3 9 ..............................
la t M ., 6 a, 1 9 2 2 ...M & N
Cen.Pk. N .& E .R iv .—Stk.
Conaol. 7a, 1 9 0 2 ...J& D
Columbus & 9th A v e. 5s.
Christ’ p’ r& lOth St.—Stk.
la t m ort.,1898 ...A & O

B id .

Aak.

D. D. K. B. * B at’v—Stk.
1st, gold, 5a, 1932 . J&D

165

167

85
27
Eighth A venue—S to c k ...
31
110
Scrip, 6 s, a9 1 4 .................
5107
23% 24
42d & Or. St. Fer.—Stock
192
195
42d 8 t. Man. & S t.N . A v .
la t mort. 6 a, 1910.M & S
5104*3 106*3
5 10 8
2d mort. income 6 a. J&J
5114
L ex.A ve.& P av.F erry 5a.
106
5104
Metropolitan T ra ctio n ..
115% 116
Ninth A ven u e—S to c k ...
170
109
Second A venu e—Stock.
la t mort.,5a, 1909.M & b
112*3 113*«
103
Debenture oa, 1909. J&J
10 0
99
Sixth A ven u e—Stock ___
190
170
Third A venu e—S t o c k ...
112
5110
Ia tm o rt., 5a, 1 9 3 7 .J&J
192
5117
Deb. 5a, 1 9 0 3 .................
160
Union Ry—S t o c k .............
114
ll6
la t 5a, 1 9 4 2 ----114 7, 115
W eatchearr, lef.gtW re.
155
103'

5100
340

10 2

5104*a

10 0

315
327
50
60
5115% 116*3
68
70
114% 115
109S 110
160
160
164
109*3 110
10 1
103
194
174 \ 175*4
1 2 1 *, 1 2 2
312
10 0
105
98
103
S’,0 3
106
}10 1
502

.....

5 And aooruod Interest
x Ex-dividend.
bias S e c u r i t i e s — B r o k e r s Q u o ta t io n s .
GAS COMPANIES.
B’klyn Union Gas—Stock.
Bonds...... ........ .........
Mutual IN. Y .......... .........
N. f . & East Riv. 1st 58..
Preferred.......................
Consol. 5a.......................

Bid.

Ask.

GAS COMPANIES.

95
107
165

96

Peoples’ (Jersey C ity)...

99*s
180
108
225
103
71
38
92

Bid. Ask.

170
106
105
200
Bonds, 68, 1899............ 105*3
61
80
108
78
Common....................... .
62
Western G a s .... .........
88 0
1

80
101
110
230
104
74
39
93

175
210
106%
63
84
1C9 *3
80
65
90

5 A n d aoorued interest.

— T h e C ity B a n k o f B u ffa lo w as o r g a n iz e d M a r c h 20, 1893.
T h e f o llo w in g fig u r e s, t a k e n fr o m its p u b lis h e d sta te m e n ts o f
d e p o s it s , a re s ig n ific a n t , s h o w in g as t h e y d o th e b a n k ’s s t e a d y
g r o w t h : F irs t y e a r , M a r ch 20, 1894, $1,326,423 96 ; s e c o n d
y e a r , M a r ch 20. 1895, $1,735,903 8 4 ; t h ir d y e a r , M a r c h 20,
1896, $2,017,893 91.
— M essrs, R e d m o n d , K e r r & C o. o ffe r fo r J u ly in v e s t m e n t s
a lin e o f b o n d s a n d g u a r a n te e d s t o c k s o f th e le a d in g s te a m
r a ilr o a d a n d o t h e r c o m p a n ie s . T h e ir a d v e r t is e m e n t w ill be
f o u n d o n p a g e v iii.
— C ity o f E u fa u la , A la ., 6 p e r c e n t g o ld b o n d s are o ffe r e d fo r
sale b y M essrs. S p e r r y , J o n e s & C o ., B a lt im o r e . P a r tic u la r s
as t o th e issu e, w it h a fin a n c ia l s t a t e m e n t, w ill be fo u n d in
th e a d v e r t is e m e n t .

1896.

$1,615,145'
8,331,549;

Total 23 weeks $294,298,445'$194,035,263 $232,282,097 $218,581,64 8

F or t h e w eek..
Pro v . reported.

[VOL. L X U .

1895

1896

$7,149,575
146,970,001

$8,018,123
164,463,023

T otal 23 weeks $154,937,148 $166,788,614 $154,119,576 $172,481,146
T h e fo l l o w i n g t a b le s h o w s t h e e x p o r t s a n d im p o r t s o f s p e c ie
a t th e p o r t o f N e w Y o r k f o r th e w e e k e n d in g J u n e 13' an d
s in c e J a n u a r y 1, 1896, a n d fo r t h e c o r r e s p o n d in g p e r io d s in
1895 a n d 1894:

A u c t i o n S a le s .— A m o n g o t h e r s e c u r it ie s t h e f o l l o w i n g , n o t
r e g u la r ly d e a lt in a t t h e B o a r d , w e r e r e c e n t ly s o ld a t a u c t i o n :
B y M essrs. R . V . H a r n e t t Sc C o . :

Shares.

Shares.

1 B ond Brooklyn Union Pub­
lishing C o............................ $13
2% Columbian W halebaokSS.
C o ......................................... $10

3 Cert, merab. of Maritime
Aseo o f P ort o f N. Y .......
50 Second A ve. R R Co..........
5 Canal Street Bank...............

$7
160
$7

B y M essrs. A d r ia n H . M u lle r Sc S o n :

Shares.
23 Mpchanics’ Nat. B an k .. .110%

Bonds.

$3,000 Atl; & Chari. A ir lin e
Ry. Co. 1st 7s, 1907. J& J.. 120
$1,000 A tl. & Chari. Air Line
Ry. Co. inc. 6s,1900. A&O. 100’s
$2,000 Chie. St. L. & Pad Ry.
1st 5s, 1917. M&S...............100
$5,000 N ew portM ining Co.of
Wis., 6s, 1902. J & J ............ 30
$184 51 Mex. Nat. Cons. Co.
div. scrip ................................. $1
$15,000 8t. L. A voyelles &
S. W. Ry. Co. 1st 5s ------ . . . $ f 0
$15,000 Lam pasas Gas &
E lectric Co. b o n d s ................ $50

25 Atl. & Cbarl, A ir Line
Rv. C o....................
.
95
15 Lawyers' Title Ins. C o ... 148%
1,000 N. J. Mining & Im p. Co.$59
60 Western Nat. B an k......... 111%
8 Gallatin Nat. B an k.........302
20 The Laredo Nat. Bank i f
Laredo, T ex .................... 88
10 People’s Tr. Co. of B’lyn.219
6 Im porters’ & Traders’
Nat. Bank......... - ........... 539
20 Title Guar. & T rust C o ..310
15 Chautauqua Co. Nat. Bk.
of Ja m estow n ,N .Y ___ 100

EXPORTS A N D IMPORTS OP SPECIE AT N E W Y O R K .

Gold.

Exports.
Week.

B rest B ritain............
France.........................
Germany......... ...........
West Indies................
M exico........................
South A m erioa..........
A il other countries..
Total 1 8 9 6 ..........
Total 1895..........
Total 18 94........

Silver.

Imports.

Since J a n .l.

Week.

g a w M

$750,000
1,650,000
35,838

$11,719,260
6,566,313
17,407,725
£44,691

1,6 c 6

2,772,367
15,000

$2,433 $11,132,466
2,164,948
16
207,281
57.296
4,153,283
13.297
207,351
9,170
451,271
48,414

$2,436,838 $39,025,356
31,089 34,419,517
2,305,000 56,690,833

$82,212 $18,368,014
S I,533 20,153,311
13,571
9,230,002

Exports.
Week,

w s

\Since J a n .l.

$711,300 $20,042,031
2,829,626
2,450
9,410
40,090
339,716

Total 1896..........
Total 1895..........
Total 18 94..........

$753,840 $23,320,296
818,580 ! 5,607,683
366,596 16,818,591

99,028
485

Week.
$ ..........

ffit r a u c ia l.

Spencer Trask & Co.,
BANKERS,

2 7 Sc 2 0 P I N E S T R E E T ,
65 State Street, Albany.

INVESTM ENT

NEW

TORE,

SECURITIES.

S a m u e l D. D a v i s

Imports.

Great B ritain............
France........................
Germany....................
West Indies................
M exico.........................
South A m erica....
All other countries..

a n d

Since Jan. 1,

&

C o .,

BANKERS,

Since Jan

1

$7,287

693
5 ,4 6 ’.
137,109

61,922
461,890
602,780
44,898

$143,263
97,536
53,407

$1,178,777
814,203
710,968

N O . 4 0 W A L L S T ., N E W Y O R K .
Sam u e l D . D a v is .

Ch as. B, V an N o st r a n d ,

Ge o r g e Ba r c l a y M o f f a t .

Alexander M. W

M o ffat

& W

h i t e

h it e ,

Js

,

BANKERS
30

P I N E

S T R E E T ,

-

IN V E S T M E N T

-

N E W

S E C U R IT IE S .

YOB K

THE CHRONICLE.

JCNE 20, td96.]

%hz

To-day’s actual rates of exchange were as follows: Bankers’
sixty days’ sterling, 4 87}£@4 -87$£; demand, 4 88]X@4 88J£;
cables, 4 88%@4 88^, Posted rates of leading bankers follow:

g a r i k m ' (ia x e tte .
D I V I D E N D S ,

Xame. of Company,

P er
C ent,

R a ilr o a d s .
Boston Rewom Beach & L yaa.-CanaTu S’ aitaem ................
Ohio. <k Wmu*xn Indiana (quar.)
Bake Shore <k Stick. Southern ..
Micshigau Ceotr.il
---- . . . . . . .
Minneapolis & St.Lotus 1st pref.
*s
“
2d p r e f?
Iff. T . Cen. & Hud. River <qnar.}.
N. Y* N. H. & H trMord (quar.)..
Norfolk Sc Southern (qaarj. ......
Northern Central. .......... ............
Bauk o t Arnettm — . . . . . . . . . . . . .
Fifth 4 reoue (Brooklya).. . . . . . . . .
Helmut mi tBrooklyn). . . . . . . . . . . .
Hamilton >S, Y. City.) . . . . . . . . . .
Hanover N&ttoo&L.....................
Loner Island sB rook ljo)__ . . . . . .
Ifereiianw Nailcmal.. . .
National Bank of Coin in'*re©....
National Bank of N. America.-..
Twenty-sixth Ward (Brooklyn)..,
Waliabont , Brooklyno ...............
T r uni € **nt pa. n lc « ,
Frank! in, Brooklyn Ops&r). . ..
E ea! E sta te . . . . . . . . . . . . . . . . . . . . . . . 1

W hen
Payable.

1

Inly

V-4
1%

Yxig.
July

3

%

A ug.
j 4 a g.

7
2%
2%
3

July
July
-July
Maly
iJuly
5
3
July
3*a :July
July
4
July
3
3
(July
2^ !July

1 Jane 20
1 June 21
1 June 23
1 June 22
1 June 20
1 June 19
1 Jane 19
1 June 20
1 lim e 18
1 June 21
1 Jane 21

to
to
to
to
to
to
to
to
to
to
to

July 5
July I
July 1
July 1
June30
June30
July 5
July 1
June 30
June 30
July 1

[July

1 June 25
1! Jane 23
1 June 23
1 June 25

to
to
to
to

July 1
July 1
June 30
July 1

July

uiy
2
3
jJuiy
Iu re lla n e e u i ,
iju ly 13 —
Calumet St Hecla M in in g ........! $5
to
to
Cftietanacl Street By. (q iar,)
1M July
July
4
1 Jon© 21 to June 30
Dominion Coal p r e f . . . . . . . . . . . . ...
Ill lams Steel.... . . . . . . . . . . . . . . . . .
1% ■July If June 23 to July 1
2
ljJune 23 to July 1
Jourueay St Burnham pref.
jd-nly
l June 16 to ■June 30
itamcon Con#*d Store Service....: $1 duly
Metropolitan Traction (quard...\ 1*4 |July 15 July 1 to July 15
Minnesota Iron <quart___ . . . . . J
1% ■July 15-July 2 to Ja y 16
National Bad way. St. Louis (qr.il 1*S p a ly 10 — — to *---- -—
Norfoik Suhurban Street KB.
(Hyde Park. MtotfO. . . . . . . . . . . . ; 3*a July 15 — — to — —
p o ly l o l u l y I t o J u l y 1 5
Procfor At Gamble pref. htftvr).*j 2
Standard Ha* Light com. iqeiiur>.>
jJtiiy 16; June 27 to July 12
**
pref
a
I
iju ly lf>:July 1 to July 15
Well*. Fargo- At C o .......... .
Title Guarantee Sc Trust (qtmri.

Wakhlug ton..........------- :

W A L L -S T R E E T . F R I D A Y , J U N E

Interest Jane
Periods 13.

There was a considerable foreign demand for securities in
this market d u rin g the early part of the w eek . This demand
evidently came from speculative sources largely, as it was
reversed" when the advance had become sufficiently large to
make it desirable to take the profits, and there was no reason­
able excuse offered for the selling. The exports of gold
amount to .$.150,000. It was reported that the last shipment
completed the Continental orders for the metal, and unless
rates for exchange should materially advance, the outward
movement is not likely to be renewed.
As a result o f increasing activity in investments and pros­
pectively in other departments, the money market has as­
sumed a more healthy tone. Rates have"advanced and a
larger demand is anticipated.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 9 to 3 per
cent. To-day’s rates on call were 2 to 2)^ per cent. Prime
commercial paper is quoted at 4(35 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £735,635, and the percent­
age of reserve to liabilities was 59-93 against 59-81 last
week : the discount rate remains unchanged at 2 per cent.
The Bank o f France shows an increase of 12,035,000 francs in
gold and 3,500,000 francs in silver.
The New York City Clearing-House banks in their statement
of June 13 showed an increase in the reserve held of $2,103,100
arid a surplus over the required reserve of $30,677,050, against
$1$,488,300 the previous week._________________________
1896.
June 13.

Differen’sirom
Pres. week.

1895.
June 13.

June 16.

*

*

J

$

1894

59,922,700
72,302,700; 71,801,400
Loans & dtae’ Hte- 4 7 1 278,300 D ec.2,540,800 507.925,500, 465,733,600
Olroolat.li*::........ 1 14 .510,900 Deo. 214,4001 13,246,500: 9,823,000
fret, deposits........496 8 <0,400 Dec. 350,6001568,818*000! 570,483,700
S ieole................. 1 62. ,304,900 Inc. 586,100: 66,288,300 99,889,800
Le>?al tenders—
82 189,500 Inc .1,518,700 113,893,000 119,107,900
Reserve held...... 144, ,S31,400Tnc,2,103,100 130,162,900 218,997.500
87,650 142,204,000 142,620,925
Legal reserve__ 124 ,207,390 Dec,
80, ,622.700
74 075,700

________

...........

62,022,700

Surplus reserve 20,677,050 In o.2,190,7501 37,958,900 76,376,575

Foreign Exchange.—The market for foreign exchange
has been dull and easy under a moderate demand, The lim­
ited supply was made up in part of security bills. _ There was
a firmer tone on Thursday, owing to more restricted offer­
ings, influenced in part by gales o f stocks for foreign ac­
count.

88 ®4 88% 4 85 ®4 89%
36%®4 87 | ............
Sets?*! 36%l
............
16%3>5 161s 51536-51413,8
40%®403le !405l8®10%
95%*»955l8 i9 5 u ;ea95%

June
15.

Jane
16.

June
17,

June June
13.
19.

2 s ,.....................re/?. a-Steh. * 9 4 % * 9 4 % * 9 4 % * 9 4 % * 9 4 % * 9 4 %
4a, 1907.. ____ .ray. •5.-Jau. *104 *10
*108% *103% ‘ 10 1% *108 ^
4«, 1907___ _ .-soup. ^.-Jaa, *109 hi *109^8 n o
1 104j 110 *109%
4a, 1925........ .res-. Q,- Feb. *110*2 * 116% 118% *118 *117% 117%
4s, 1925......... coup. Q.-Feb. *116% 11736 1X8% 113
117% 117%
5s, 1904............ reg. Q.- Feb. *11-2% * 1 1 2 % M l2?e *113 *113 *113
113% *113
5a, 1 9 0 4 ...... .coup. Q.- Feb. *112%
113
113
6s, our’ey,’!)V. ' reg. •7 . & J. * 1 0 0 hi *100'S1 *100*3 *1 0 0 % *100*2 *100%
r. jr, J. *103 *103 *103 *103 *103 *103
6s. our’oy
6s, 0ur’oy,’99.. vee. 1, * J. * 105 *105 n o s *105 *105 *105
*100 *100 *100
4a, <0ber.>1836-re«. March. *100 *100 * 1 0 0
4s, (Cher.)1897.reg. March. *100 *100 * 1 0 0 *100 *100 *100
4s, (Clier.jl898.rag. March.. *100 *100 *100 *100 *100 '100
4s, (Ch8r.U899.reK-. March. *100 *100 *100 *100 *100 *100
* rtUB is [tie price oid at tue uioruiag Board, uo sate was made.

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

1 It. l S ‘ M L - 3 P . 1 1 .

In W a il S tre e t has been co n tin g en t u pon th e dev elop m en ts o f
th e w eek at St. L o u is and p o litica l in flu en ces h ave oversh ad­
o w e d a ll o th e r fa cto rs in d eterm in in g the cou rse o f the m ar­
kets. T h e h igh er lim itations w h ich h ave been m ade fo r all
classed o f in vestm en t secu rities reflect th e sa tisfa ction w ith
w h ich the a d o p tio n o f th e g o ld plank in th e R epu blican
p la tform h as been re ce iv e d in fin a n cia l circles. As an illus­
tration o f this fa ct we n ote th at G overn m en t 4 p e r c e n t bonds
h a v e sold th is w eek a t t t S g as again st t i d y last w eek, and
th e shares o f seven, prom in en t rail w a ys a dvan ced 414 to e>H P*o.

D em a nd .

4
4
4
5

The following vere the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying par, selling %
premium ; New Orleans, bank, $1 53 premium ; commercial,
53o. per §1,010 premium; Chicago, 70c. per §1,000 premium;
St. Louis, 30c.@50c. per $1,000 premium."
United States Bonds.—Government bonds strong. Sales
at the Board include $657,000 4s, coup., 1935, at 116?? to
118Ji; §13,000 4s, reg., 1935, at 117% to 118%; §5.500 4s, coup.,
1907, at 110 to 110^, and §53,000 os, coup., at 113 to 113J£.
The following are the closing quotations:

The Money Market and Financial Situation.—Business Junei3

C »p it»l___ . ___
Snrptns.........

S ixty D ays.

Prime bankers’ sterling bills on London..
Prime commercial....................................
Documentary commercial.........................
Paris bankers’ (francs)............. ...............
Amsterdam (guilders) bankers...........
Fcankfo-rt or Bremen (reiohmar&s) b’kars’

-July lf> July 1
Jana 3 OJUH0 18
July 10 July 1
July 1 5 -------- -

3

June 19.

B ook s closed.
(D a y s in clu siv e.)

8 } ta r
1
2
1
3

1125

“
“
“
iJ
“

15
16
17
13
19

Jteccipts.
#
2,852.695
8,028,866
2,010.201
3.691.058
3.622,127
4,054,079

Payments.

Coin.

$
$
2,533,389 107P67.208
5,779,967 107,614,311
3,473,545:107,558,70S
2,921,062407,882,705
2,953,323 101,702,526
4,932,480; 108,9-11,82 7

Total 24,265,033 22,593,766: ..................

Balances,
Coin Vert's. Currency,
$
1,760,371
2,361,128
1,822,222
1,987,638
2,145,193
2,034,633

$
89,849,803
90,950,641
90,087,814
90,368,396
90,059,879
89,052,736
............. .

State and Railroad Bonds.—Sales of State bonds at the
Board include §0,000. Tens, settlement 3s at 84 to 84J^
and §10,000 Virginia fund debt 2-3s of 1991 at 59 to 60,
A largely increased business has been done this week in
railway bonds on an advancing market. There was, how­
ever, some x-ecession on Thursday, in sympathy with
stocks, but the volume of business was not as large as
on previous days. The Atchison, Northern Pacific and
Reading issues have been conspicuously active and are
an average of about 1 per cent higher than the close
last week. Brooklyn Elevated and Union Elevated bonds
have been notably" strong. Ches. & Ohio, Erie gen. lien,
L. N. A. & Chic. gen. mort,, Texas & Pacific, Mo. Kan.
& Texas 3ds and Southern Ry. bonds, have made more than
the average advance. The active list includes also Chicago
& N. P,, Col. H. V. & Toledo, Denver & Rio Grande, Kansas
Pacific. Mil. & St. Paul, Or. Improvement, Or. Short Line,
St. Paul M. & M. and Wabash bonds.
R ailroad and Miscellaneous Stocks.—The market for
railway shares has responded "to the better feeling which the
political news of the week produced and high-grade invest­
ment stocks, as well as the cheaper speculative shares, have
materially advanced. The highest prices o f the week were
generally reached on Wednesday, when Lake Shore exceeded
the pi’evious highest record in its history and St. Paul sold
at the highest price of the year. There was a moderate re­
action on Thursday, caused chiefly by sales to realize profits,
which were tempting to those who purchased on Wednesday
o f last week, as will be seen by reference to the following
table, which shows the prices at which several of the more
active stocks sold on the dates mentioned.
June 10. June 17,
Atchison............. 13%
15%
Burl. & Quincy.. 75
80%
St. Paul............... 73%
79%
104%
North West....... 101
Rock Island....... 68
72%

June 10. June 17,
24%
Mo. Pacific......... 19%
Lake Shore........ 150
154%,
N. Y. Central.... 94%
98
Central of N. J .. 103%
1 0 7 %
Southern pref’d. . 26%
29%

Business in the industrial list has been relatively light and
fluctuations generally narrow. The trading in stocks of this
class has been to a considerable extent in the hands of
professional traders, which may account in part for the
conditions mentioned. Consolidated Gas may be considered
an exception however. It sold at 161$^ on Tuesday, an ad­
vance of 8*4 per cent from the lowest last week, and closes
to-day at 158$^ bid. U. S. Rubber has been weak on a revival
of rumors about new competition. The preferred lost 3
points on Tuesday. American Sugar has been steady around
133. American tobacco advanced about 8 per cent to-day
on renewed manipulation, accompanied by rumors that a
dividend would be declared on the common stock next
week. The net changes in many stocks of this class are con­
fined to fractions,

THE CHRONICLE,

1126

[V ol. LXII,

NETT YORK STOCK EXCHANGE—,4 C T /K i? STOCKS fo r week ending JUNE 19, and since JAN. 1, 1 896.
H IGH EST A B D LOWEST PRICES.
Saturday,
June 13.

Monday,
June 15.

Tuesday,
June 16.

W ednesday,
June 17.

Thursday,
Juno 18.

Friday,
June 19.

STOCKS.

Sales o f I
Range fo r year 1896
the
[On basis o f too share lots.]
Week,
Shares.
Lowest.
Highest.

A c tiv e B U , S to ck s .
15% A t.Top. <&S.Fe, all instill. paid 29,922 12% Jan. 7 17% Feb. 24
2238
7,981 19 J u n elO 28% Feb. 24
Do
p ref.
235
% A tlantio & P a c ific ......... .
% J une 10
% Feb. 6
2,210 13 Mar. 6 44 J an. 27
18% Baltimore & O liio............
24 B rooklyn Rapid Transit.
627 20% Mar. 25 25% Apr. 23
63 >2 Canadian P aciilc............
52 Jan. 4 62% M ay 27
2,768 45*2 Jan. 7 51% Feb. 10
50*2 Canada Southern............
2,*14 94% Jam 7 109% Apr. 23
107*2 Central o f New J ersey ...
15 14*4 Jan. 9 15% Feb. 15
16*2 Central P acific.................
5,770 13 Jam 7 18% A pr. 23
16 Chesapeake & O hio.......
102 155 Apr. 2 155 Apr. 2
160 Chicago & A lto n ..............
79% Chicago Burlington & Quincy 79,016 71% Jan. 7 82% A pr. 24
43 Chicago & Eastern Illin o is-..
40% Apr. 13 43 Jan. 18
Do
pref.
98 Jan. 23 100% Mar. 5
78*4 79»e
78% 79%
78% 79*4 78*2 79*4 Chicago M ilwaukee & St. Paul 192,470 63*2 Jan. 7 79% June 17
76% 77% 7 7 % 78%
696 125 Jan. 7 130% Mar. 2
Do
p ref
127% 127% 1277s 128 §128 128*2 129 129
128*4 128% §128 12838
1035s 105
13,145 9478 J an. 7 106% A pr. 23
103% 104
104% 104% 104 104*2 104 104*2 Chicago & N orthw estern___
1023s 103
14ft *147*2
■148
*148
ICO 142 Jan. 8 149% Apr. 27
Do
p ref.
§148*4 150 *148
7138 72*2 7138 725q 70% 72
70% 71*2 Chioago R ock Island & Paoiflc 39,873 62 Jam 7 74% Feb. 24
70% 71%
70*4 70%
43% 4 3 3 4 Chicago St. Paul Minn. & Om .
2,600 31% Jan. 7 45% Apr. 27
43
43
43%
42i?
44*4 43*2 44
*41
44
44%
50 117 Jam 7 124% Feb. 25
Do
p ref.
*124 127 *124% 127 §127 127 *125 128 *124 128 *123 128
4,135 31 Jan. 7 39% Feb. 10
333s 34
33% 3 4
335s 34
33% 33%
33*8 38*4 § 3 3 % 3 3 % Cleve. Cinoin. Chio. & St. L ...
*8-'Sk 83
277 80 June 18 90% Feb. 20
§82
84
80
80%
Do
p ref
*82
85
2 ,2 2 0 15 Jan. 7 18% Jan. 23
163s 16%
16% 1634 15
16
15*4 15% Columbus H ooking VaL & Toi
16% 16%
1618 16%
20 53 M ay 22 55 M ay 22
§60
*55
60
60
60
Do
p ref.
*54
*56
60
*54
60
‘ 58
60
3,025 119% Jam 7 129% Feb. 11
125*2 125*2 Delaware & H udson...............
124% 125% 125 125% 1257s 126*2 125% 126 §126 126
3,606 15578 Jan. 7 166 June 5
162% 164% 162 163
162
164
162 162
DelawareLaokawanna&W est
§160 160
200 12% Apr. 16 14 Feb. 4
*1 ‘1 %
*13*4 15
D enver vfc R io Grande
137e 14
2,315 40 Jan. 7 51 Feb. 24
49
48% 4 9 %
Do
pref.
48%
49*8 4 9 3£ 4 9 % §49% 49%
48
§48% 48%
1538
14%
E
r
ie
............................................
15
2,595
15
15*4
141* 1412 *14ia
15
15% *14*2 14%
13% J u n elO 15% Mar. 12
1,655 34% June 4 41% Mar.L7
§35% 3 5 3 4
36
37
Do
1st p ref.
37
38
*35
37
*34% 353*
36% 38
Do
2d pref.
*21
23
20*2 May 14 25 Mar. 18
100 25 Jam 15 34% Feb. 24
30
30
*30
35 Evansville & Terre H aute___
*30
*30
35
35
*29*8 30
"29% 30
375 108*4 Mar. 13 121 M ay 7
118
118 118 *118 120 K116 120 §118 n «
Great Northern, pref.
118
*118 120
890 89% Jam 8 98 Jan. 31
96
*95
Illinois Central..........
96
92
§93% 93%
*95
97
§92
§97
97
97
400
8%
■8%
9 Iow a C entral_______
8%
*8
9
*8
8%
8%
8%
*8%
7*4 Jan. 7 10% Feb. 7
H%
34% 3434 35*2 35*2 34
400 25 Jan. 6 38 A pr. 28
*34% 36
35
Do
pref.
34
34 ' *34
♦33
I93s
1,950 17% A pr. 11 22% Feb. 5
19
19
19%
193s 19%
19
19%
19*2 19*2 Lake Erie & W estern............
19
18
1,492 64% Jan. 7 75 Feb. 7
71% 71%
71% 71*2
Do
pref.
71
71%
71
71%
70% 70%
71*4 72
963 134% Jam 7 154% June 17
153 153*2 153% 1545g 154% 154% §153*2 154% *
*152 153
154*2 Lake Shore & Mich. Southern.
225 75*4 J une 16 84 Jan. /
76
76
*75
78
78 Long Island................. .
*76
75*4 75% *75
78
*75
78
51% 52*8 Louisville % N ashville______ 74,530 39% Jan. 7 55% Feb. 24
52
51'*8 53
51% 52%
51
50% 50% 51*8 51%
93s
1,575
9
9
*8%
9 % Louisv. New A lbany & Chic..
9
9%
8%
9%
9%
9%
9%
7% Jan. 8 10% Feb. 18
22
685 16% Jam 6 24% Feb. 13
2 0 % 21% *20
21*2 21 *2
Do
pref.
21
22
*19
21
215$ '2 0
101% 103% 103% 104% 103% 104:% 104*2 1047e 10338 104*2 103 104*2 Manhattan E lev a ted ,con sol.. 11,620 96% Jam 9 113% Feb. 11
733 92 J an. 6 109% M ay 25
107*2 107*2 108 1085b 109 109% *108 109 *108 109 M etropolitan T raction..........
*105%
780 93 Mar. 23 97% Feb. 11
9 5 % 95*8
96*2 96*2 97
*95
97
97
*95*2 97*2 *95*2 98 Michigan Central.....................
205 16 June 11 21% Feb. 21
18
19
18
19
20
§18
18 M inneapolis & St. L ouis....... .
*17% 18
*18% 20
*18
416 72 Jan. 10 83 Feb. 21
§78% 78%
78% 79% §79
79
79
Do
1st pref
79
*76% 79
§79*2 79*2
47% 47%
48
Do
2d pref
5<*9 40 Jan. 7 53% Apr. 22
*46 % 47
47*8 48
48
48%
*47*2 48*2 *47
12
1,530 10% Jam 6 13% Feb. 21
12% 12*4 12*4 12*2 12*2 1 1 % 11% "11*2 12*2 M issouriKansas & T exas___
11%
n %
5,507 22 Jan. 7 31% Feb. 25
26
25% 2638 25*2 26% 2638 26%
Do
pref.
24% 24%
26
26%
26*4
22% 24
24
24% Missouri Paoiflc.
31,735 19% J u n elO 29% Apr. 24
213* 23
25
23% 24*2 23% 2 4 78 24
*20
125 18% M ay 11 25 Jan. 11
23
*21*2 23
*21
23
21*2 21*2 M obile A O h io_______________
*20% 23
*21% 23
*68
85
*68
85
Nashv.Chattanooga&St.Louis
*68
85
‘ 68
85
*68
85
*68
85
New E nglan d...........................
43 Mar. 23 51% Jan. 28
97%
4,563 93% Jam 7 99% Feb. 10
97
96
96
97
97
98
97% 9734 New Y ork Central & H udson.
97% 98
*97
14
235 11 Jam 2 I d J an. 22
*13
14
*13
*12
13
13
*13
14
13
13
13*2 New Y ork Chicago & St. Louis
*70
*75
Do
ls t p r e f.
80
80
*70
80
*70
80
*70
80
"70
80
71% Jan. 17 80 J an. 22
410 26 Jam 17 35% Apr. 13
*30
32
32
31% 32*b 32% 32% *31
Do
2d pref.
32
32*4
32*4 *31
80 170 Apr. 30 186 Feb. 10
*174 176 '175
L76% *174
*173
L76 §173% 174 *173 174
174 N ew Y ork N ew H av en & Hart.
2,075 12% Jan. 7 15% Jan. 31
614
14% 15
14
14% 14%
14% 14%
14*2 14*2 14*2 14% New Y ork Ontario & Western.
310
‘ 8%
9
*8%
8%
9%
9% New Y ork Susq. & West., new.
8%
9
§9 %
*8%
9%
§9
7% Mar. 26 11% Jan 31
1,435 21% Jan. 7 31% Feb. 6
24
*23
24*2 25
2478 25*8 25*4 25*4 *24
Do
pref.
25
24*2 24*2
100
*4
5
*4*2
5%
5%
5%
*5
6 Norf.& W estern,2d instal. pd.
§4 %
t% Apr. 29
4%
5% June 16
*5*4
6*4
100 i4% May 8 10% June 15
*10
1 0 % 10% * 1 0 % 11% '1 0 %
D o pref.,tr.ctfs.2d ins.pd.
i i
11% * 1 0 % 11*2 *10*2 1 1
4 34
4%
4 34
4,210
§4%
4 %
4%
4%
b
4%
434
4 %
4 % Nor. Pae., 1st instalin’t paid.
5% May 27
t% M ay 23
14% 14%
1,924 110 Apr. 16 117% Mar. 9
14% 14%
Do pref., lstin sta l. paid
15
15
§14% 14*4 14*2 14%
14% 15
*14
*14
20
*14
*14
20 Or.Ry A N av.C o. rec. asst. pd.
20
20
*14
20
*14
20
tlO Feb. 18 22 A pr. 14
” "5 0 (3% Apr. 14 t8% Feb. 24
§8*8
10
*8
8*8 Or.S.L.A U.Nor.rec,2dins. pd
14% 15%
9
10%
153s 16
15
15% 16
15*2 15*8 15% Phila. & Reading 2dinst. p d. 35,217 12% Jan. 7 16 June 16
200 14% Jan. 7 18% Feb. 7
14% 15
*15
16
*15
16 Pittsburg Cinn. Ohio. & St. L.
16
*15*4 16
*15
*15*2 16
*53
56% *53
56% *53
Do
pref.
56%
52 Jan. 8 59 Feb. 27
56is *53
56*2 * 5 3
56% * 5 3
*
15 *
15 *......... 1 5
15
15 Pittsburg & W estern, p ref___
15 *
17 Jan. 15 20% Jan. 31
R io Grande W estern................
250 16 Feb. 8 18% Feb. 10
*115 116*2 *115 117*2 *115 117% *115 117 *115 117 Rom e W atertown & Ogdensb.
114 Mar. 30 118 Jan. 3
*56
St. Louis A lt. & T. H .,tr.rects
*58
-58
‘ 58 .........
57 Jan. 29 60% Jam 3
*4% 4%
4%
5%
1,197
4%
4%
5% Feb. 7
*4%
5 St. L ouis Southwestern..........
4 Jan. 7
*4%
5%
4%
4%
510% 10 %
Do
pref.
11
1,175
TIO
10
11
11 % 11 % 10 % 11
9 Jan. 6 13 Feb. 26
10% 11
*20
25
*......... 26
*20
25
*20
25 St. P aul & Duluth.....................
22 June 12 27% Feb. 24
*20
25
*20
25
*80
87
*85
90
Do
pref.
*85
90
*85
90 Feb. 4 91 Feb. 10
90
‘ 85
90
*85
90
*112 117
*112 117
112 117
27 110 Jam 22 115 Jam 11
112 117 §112 112 St. Paul Minn. & M an itoba ...
112 117
19% 1938 19% 19%
1,770 18*2 Mar. 24 22% Jam 14
19% 19%
19
19%.S ou th ern Paoifio C o.................
18% 19
193? 19%
9%
9%
9%
9% Southern,voting trust, oertif.
9%
9%
7% Jan. 8 11 Feb. 6
7,338
9%
9%
9%
9%
9%
9%
29
28% 28%
29%
29% 29%
28% 29% Do pref., votin g trust, oert. 22,081 23% Jan. 7 33% Feb. 25
29% 29%
28% 29%
*7%
Texas
&
P
aciiie.........................
1,305
83a
8%
8%
9% Feb. 25
7%
7%
* 8%
8%
8%
8%
8%
83a
7% J u n elO
*30
*30
'3 0
35
35
35
*30
35 Toledo & Ohio Central............
*30
35
*30
32 J une 8 35 M ay 6
35
*70
74
*70
74
74
*70
Do
pref.
*70
74
*70
74
*70
74
75 Apr. 6 75 A pr. 6
73a 7%
8
8%
8%
8
8 %_ Union P acific trust reoeipts.. 13,430
3% Jan. 7 10 Apr. 21
7%
8%
8%
8%
8%
*2 %
2%
3
3%
3%
3% Union Paoiflc D enver A G ulf.
*2%
3%
*3
310
*3
4
4
5% Feb. 13
2 J une 10
7%
6%
6%
7 iWabash................. .....................
7
7%
73a
*7
7%
7% Feb. 24
6%
6% J an. 7
2,730
_ 7%
17% 17%
18
18%
17% 18%
17% 18
D o pref.
11,075 14% Jan. 7 19% Feb. 24
17% 18%
18% 18%
10 % 10 % 1 0 % 10 %
10
10 %
9% 103g W heeling & Lake E rie............ 28,209
8% Mar. 19 13% Feb. 14
9% 10%
9% 10%
36
'3 3
35% *34
Do pref. 675 31% Mar. 19 40% Feb. 13
35% 36% 37% 37% *34% 38% *34% 37%;
* 1%
2
* 1%
2
* 1%
2
* 1%
2
4% Feb. 24
*1 %
2
Wiso. Cen. Co., voting tr.e tfs .
2% Apr. 2
*1%
2
! m is c e lla n e o u s S to c k s .
12
12%
12% 13
12% 13
*1 1 % 1 2 %
13
13
13% 13% A m erican C otton Oil Co
2,415 11% June 3 19 Jan. 27
*54% 55
55% 55% 55% 55%
55% 55% §54% 54% *55
55%
Do
pref.
877 54 Ju n elO 69 Feb. 11
122% 123% x l20% 123
122% 123% 122% 123% 1223a 123% 122% 123% Amerioan Sugar Refining Co. 187,545 97 Jan. 7 126% A pr. 21
105% 105% x l O l 104
103% 104
104 104 §100 1 0 0 % *103 104
1,442 95 Jan. 6 105% J u n e l2
Do
pref.
65
65%
65% 66%
65% 65%
65% 66%
65
66%
65% 68 Am erican T obacco C o............ 62,338; 62% M ay 8 95 A pr. 2
*97 101
*97 100
*97 101
§99% 99% *98 100
Do
pref.
........ 97% A pr. 23 103 Feb. 13
*98
99
67% 68
68
68 % 68% 69%
67% 68%
68% 69%
68
68 % Chicago Gas Co., certs, o f dep. 13,170 62 Jan. 7 70% M ay 4
156 156
156% 158
158 161% 159% 161
159 160 *158% 160 Consolidated Gas C om pany..
6,505 143 Jan. 7 164% A pr. 29
16
16% 17
16%
16% 17%
16% 17%
16% 17
16% 17% Dis.&C.F.Co.,tr.cts.all ins.pd. 11,690 14 J u n elO 20% A pr. 23
32
32%
32% 33% 33% 34
32% 33%
33% 33%
32% 33 General E lectric Co.
12,129 22 J an. 6 39% Mar. 13
*55
*55
65
65
*55
65
§64% 64% §67
67% §61% 61% Illinois Steel C o ___
364 60 June 11 75 A pr. 15
»25
24% 25% 25% 26%
25
25% 25%
26% 26%
2,969 22% Mar. 7 28% A pr. 21
25% 25% National Lead C o ...
589
89
89% 89% §90
89
89%
*89% 90% *89% 90%
90
Do
pref.
697 82% J an. 7 92 M ay 4
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
6% Feb. 24
4,223
5%
5% North Amerioan C o.................
4 J an. 6
25% 25%
25% 26
25% 26
25% 26%
25% 263a 25% 26% Paoiflc M ail...............................
4,655 22% Jan. 7 31 Feb. 10
*119 ......... 119 . . . .
* 1 2 3 % ......... 1 2 3 % ......... * 1 2 2 % ____ * 1 2 2 % ___
Pipe Line Certificates.............
*156 159 5158% 158% 158% 158% 159 159
158 160 *158 160 Pullman Palace Car Company
250 148 Jam 7 164 Feb. 11
68 % 68 % 63% 68% *68% 69
6 8 % 6 8 % *68% 69% *68% 69% Silver Bullion Certificates___ 161.000 67% Jan. 8 70 Feb. 24
23% 23%
24% 25%
25% 26% 253a 26%
24
25%
24% 25% Tennessee Coal Iron & R R ... 27,529 20% J u n elO 34% Feb. 10
Do
pref.
45
5
5%
5%
5%
5%
5=8 5%
5%
5%
1,410
*5%
5% U.S.Cord.Co.,tr.ree.all ins.pd.
4% Mar. 24
6% Feb. 7
*10% 11
1 0 % 10 %
1 0 % 10 %
10 % 10 % * 1 0 % 11
P ref., tr. reo. all ins. pd.
* 10 %
11
8% Mar. 24 12% Feb. 7
430
8%
8%
*8 %
8%
*8%
9
9%
9%
*8%
9
United States Leather Co.......
450
*8%
9
8 June 8 11% Feb. 8
63
63% x62% 63%
62% 64%
63% 63% 62% 63%
9,755 56% Jan. 9 69% Feb. 14
Do
pref.
62% 63%
19% 19%
18% 19% 19
20%
20
21
19% 19%
19% 19% United States Rubber C o.......
6,487 18% June 15 29 Jam 13
85 L »57„
85% 80%
«6
«« %
86% 86%
86
8 6 % x84% 85
Western Union Telegraph___ 12.770 81% Jan. 22 8"%.Ar>r 22
These are bid and ask ed ; no sale made. § Less than 100 shaies. 1 B efore paym ent o f anv instalm ent, 1 E x-div. and scrip.
15%
14% 15%
22%
22%
22
A3Q
*2
*%
18
*17% 18
2314
23% 23%
*62
*61%
50%
50
50
105 105% 106*4
*16
*15%
16
16
16
*155 160 *155
77% 781? 79
42
*41
*41

15%
15%
22%
22%
%
%
19
*18%
23% *23*4
63*2 *61%
50%
50%
107%
107
16% *16*4
16
16%
160 §158*2
80
79%
*41
43

15%
23%
%
19
24%
63*2
51%
108
17
16*2
159*2
80%
43

15% 15%
22% 23
* 30
*2
19
19*4
*23*4 24%
*62*4 63*2
50*8 50*2
§107*2 107*2
§15% 15%
16% 16%
*155 160
79% 80%
*41
43

14%
21*2
'%
18%
§23
*62%
50%
107
*16*4
16
'155
79
*41

15%
22%
%
18%
23*2
63*2
50*2
10/
17
16%
160
80%
43

15%
22%
'%
18%
*23*4
*62%
50*2
106%
*15*2
16
*155
79%
*41

NEW

1127

THE CHRONICLE.

J une 20, 1898,]

Y O R K S T O C K E X C H A N G E P R I C E S ( C o n t l u u e d )— I N A C T I V E S T O C K S .

June 19.

lx active smcKS
t ludluatee unlisted,

Bid.

i Range (sales) m 1896.

Ask.
1

Lowest.

Highest.

(\ I n d ic a t e s a c t u a l s a l e s .j

June 19

I nactive Stocks.
] Indicates unlisted.

Bid,

Range (sales) in 1896.

Ask.

Lowest.

Highest.

ila llr o & d s t o c k * .
M is c e lla n e o u s S t o c k s .
tiM S f & BaeQuehaima..........100 175 _____1175 Mar. 183*8 May
.100 147 150 146 Jan, 150% Apr.
9
100
Atin Arbor........ .........
10 ! 10 Feb.
37
40
IIH Feb.
2 1 | 23 *« June 2978 Feb.
Preferred............................... —100 25
112 115 110 Jan. 116 "M a y
3
Balt. * O. 8. VT. [iret., new ...... 100
7 I 7 Feb.
7 Feb.
S-dta/ille Jc death. 111. pref.— 100
91Q 94*2 91 Jan. 97 May
13 l*s Jan. 131*3 Jaa.
B iston * S. X. Air Une prel.. 100 102 >s 105 |102 May 102 May
50 2«Q, 27*« 18*3 Feb. 33 May
aafalo Rochester A Pittanarg. 100 IS 1* 24
10 Jan. 25 May
95*s 90*2 June 95*s June
194
Preferred..................................100 $55
51 May
*s Feb.
* 3 Feb.
62*3 Mav ,
*3
■tnri. >5edar Rapids dc Nor........ 100 72
70 Mar. 70 Mar
95 % Feb. 96*4 Feb
Chicago Great Weetern______
1 % May
4*e Jan,
17=8 n \ 6% June 103s June
1=8 2
Gtev. Lorain A Wruiel. pref...... 100
50
28
□3*v 41 *<j Jan. 5 4 * 9 .May
2338 Jan. 3 4 * 4 Feb.
26
100
50 160
Olaveland <Sc Plttaoarg......... .
90 May 98 Feb.
162 May
Preferred.
iJee Moines & Foi t D odge...—.100
9*s
5 \ J an.
1 June
2
8*s
438 Mar.
9 June
IQ
••referred..... .......... .............—100 60
162*4 Apr, 162*4 Apr.
51 Apr. 60 June
.100 150
4*S 5*s 4*9 Apr.
Duluth "So. Shore <fc Atlantic 11.100
30 Mar, 32*8 May
35
.100
6 Jan.
32
Preferred 11...............................100
12
9
10*4 Apt. 14*4 Feb. Detroit Gas.
26 Apr. 3 3 * 3 June
. 50
Evansville & ierre H. p rel.....5 0
45
50
45 Apr. 50 Feb.
1 0 0 * 3 Ma>
89 Jan.
~
195 78
rltat A Pere Marquette... ----- 100 ____ 15
13 Feb. 16 Feb.
40
37 Mar. 43 Feb Erie Telegraph & Telephone . . 100 “5 9 " 60^ 59 Apr. 62*3 Jan.
Preferred.—— .......... .......1 0 0
35 Feb. 35 Feb.
D:tools Central leased lines___100
92*s May Interior Conduit* Ins........ ...100
Indiana Illinois <k Iowa...........100
233» 18*4 Jan. 30 Apr
$23
27*, 25 Jan. 25 Jan.
83
8
*enaw h»& Michigan......... . —.100
78 Feb, 8 6 * 4 Apr,
6 * 3 May
8 Jan.
Preferred..................................100
4
55
3
2 Jan.
Keokuk A Deg Moines.............1 00
3*4 Mar. Maryland Coal, pref...................100 40
Preferred.................
100 141* 15*3 15 Mar. 18 Feb. Michigan-Peninsular Car Co.. .100
Loaiav. St. Louis A Texas......... 100
59*s Feb. 60 Feb.
*a
Preferred.......... ...................... 100
53 Jan. 72 Feb.
9 Jan. 12 Feb. Minnesota Iron.......................... 100 $69
Mexican Central...............
100
19*8
\
May
19*3 15 Mar, 2 0 * 3 Jan.
2*3 Feb. National linseed Oil Co............ 100 $19
Mexican National tr. etfa.........100
h
1*3
4% Jan,
160 Apr. 166% Feb. National Staroh Mfg. Oo........... 100
Morris A Essex........
50
6 * 3 Feb.
8
6
7*s Mar.
7
Saw Jersey A N . Y .................... 100
8 7 8 Feb,
8
New Central Coal.......... ............ 100
15 Mar.
8 Jan.
13
Preferred..................................100 ....... ........
Ontario Silver M ining............. 100 12
4 * 4 Jan.
115*i'jan. 120 Jan. Oregon Improv’t Co. tr. reots.,100
*4 June
N Y. Laos. A Western..............100
320 Apr. 340 June
Norfolk A Southern...................100 08 *» 72
70 May 70 May Pennsylvania Coal..................... 50 330
.
2
Jan.
Onlo Southern............- .............. It*
15
5
1*3 2*4 1% Apr.
Quicksilver Mining...................100
14 June 14 June
Peoria D ecatu r* Evansville .100
11
1*3 June
37g Feb.
Preferred*............................... 100
u 1* ___ _
7 Feb.
6
3 J an.
Peurt* A Eastern___ . . . . . . — .
5 Jan.
8
$5M 5 * 3
6 June: Texas "sold o Land Trust.........100
17 Jan, 245g Feb.
Rensselaer A Saratoga.............. .00 178*<i
181*s May 182 Feb. U. S. Cordage, guar., tr. certfs.100 20*5 22
38 Jan. 48 Apr.
42
39 Ja-*. 46*4 Feb. jtJ. S. E xpress............................ 100 40
Rio Grande Western pref------- 100 $40
..
5 Feb.
Dd,
LOO
5*3 Apr. U. 8. Rubber preferred............. 100 $77*13 78*3 75 May 89 Jan,
97 Jan* 101 Feb.
....
Preferred li
..................... ion
•Wells. Farvo E xpress...............1001 $97*13 98
1
--**
Ko price Friday; latest price tbit week.
$ Aolual sales.
N E T T Y O R K S T O C K E X C H A N G E P R I C E S .— S T A T ® B O N D S J U N E 1 9 .
BECORITIEB,

Bid.

~0i*#a S , 5a . . . . . . . . . ___ .....1 9 0 6
Onrrenov lan din g 4 s .........—1920
Arranaaa—6a, fand,H oL 1899'1900
d o. Non-Hoi furd
Stamped 4# . . . . . . . . —....... ..
Hew oonols. 4a....... . , —
.1914
N ew

Y ork

J a n e l! 1. 1898,
aASHA.
(00. omitted.)

.......

......

Ask.

.....

99

SEOTTKITLEB,

Oapilal Hurpl’t Loan*, j Specie. Legals. !Deposits.

,J*U n »»

74 ffof

4

474.27a •? 82.704 O' K2

a

40«

«■>« 4

Bid

Compromise, 3-4-5 6 s .........1912
3 e . . . . . .................................,..1 9 1 3

0 a ..............................
.1919
South Carolina—4*fs, 20-40..1933 106
1
6a, non-fund........................... 1888

C l t r B a n k S t a t e m e n t f o r th e w e e k e n d in g
W e o m it tw o c ip h e r s (00) i n a ll c a s e s ,

SECURITIES

ABk.

New bonds, J & j .........1S92-1898

*2.027.8 #12,080,0 #1,290,0 #1.470.0; #11010,0
Bank of Now Yot*«:
2,050.0 2.173.7 13.955.0 1.311.0 3.392.0 15.012,0
Manhattan Co,
9,030,9 1,115,8 1,697,81 10.035,1
U
Morofiaaw’ — *——*•*•. 2.000. 1,001,1
1.259.0 7,393,0
8,602,0 1.001.0
0:
Machaaic**...— — .4 2.000. 2,203,2
4ra*n a. »**» * ****** 1,500,0; 3.603.7 15,820,6 1.140.0 3,000.1 17.850,2
219.0
4.103.0
8 47,0| 3.798,0
360.9
0 !
i»he«U. ................... 1 .0 0 0 .
1.000. 3,320,o!
0
3,l02,3i 33.902.4
20.480.1 8.973.7
0Ur ..... ...
302,01 1.934,8
2,811.2
200,6
63.0
Yradeamea*.— — j 750.0,
Qaomioai-----j 300.0 7.336.1 21.07 2,0 3.271.8 5,133.2 22.S46.1
422 8 ; 4.481,9
eoo.oi 174.7 4.013.4
789.4
Merchants* Exch'ge
821,2
763.0 4.590.8
National... 1 , 000,0 1,640,4 6.120.1
SaUatin
1.427.0
1.386.5
215.4
167.1
219.6
atchere'A Drovere ; 3 0 0 . 0
390, Oi 2.475.0
180,U
2.420.0
329,0
J*m hanics' «•Trad' a; 400.0
180.2
1.015.5
200.0
13J.3
171.4 1.050.0
tfCMAVlfllk
39 4,7 j 2.255,3
2 1 0 .8
2.888.0
510.5
Laatixar M*aa&Mrr»;: 600,0
300.0
1.874.0
2 2 <.m
101.9 1,600,8
276.0
S#v«&Sft National...
2.284.1
423,2!
72.7,
496,3 3,103.7
Ssataof New York.. 1/ 200.0
23.052.0
584.0; 5.414.0 18.459.0
0;
A •noricari Exchange- 5.000. 2 .111.1
3.090.0 15,9d0 0
21.035.7
5.000. 3.066.01
0!
877 6
Ooaacaeree.
5.402.1
01
392.8 4.504.6
838.9s
Broadway.....-----..j 1.000. 1.057.2
7.188.6
573.0 1.741.1
6.033.5
002.8
1,000.0
M*r©a»«Ie...-,.
474.7 2.479.4
524.8
3.035.9
435.0*
Pacific........ — ----- -j 422.7
1,500,0;
892.0 U ,095*5
10.554.7 1,990,2
ftepablio..w.w.
676.7 1.260.2 0,173,0
fM
5.928.5
Obatbasa.—«.•*•««..; 450.0
2.593.0
459.2
200.0S 265.8 1.8 <3,3
235.4
Feop e 's -----. . . .....
5.178.8
051.7
712.5
Worth America........ j 700.01 582,5’ 6.202.6
1.549.0 18.900.0
Hanover...... ........... ! 1, 000,0 2,034 »f 10.010.0 3.945.0
3.019.0
484.6
387.9
Irving. ..........
< 5 0 0 ,0 ; 354.9 3.017.0
3.457.2
600.01 401.2 2.705,3
600.4
569.8
0 Uses'*-.—
277,7 2.483.2
523.8 2.938.6
205.4
500.0
ITaeeaa....... - ***—*!
330.0 1.018.0 4.879.7
83 7, ^ 43310.8
750.0
Market <fe Fulton...
303.2 3.230.0
415.8
88.7 8.246.0
fkioe A Leather...— 1,000,0
Oita Exchange...... 1,000,0 1.207.3 8.132.8 1.429.9 1,118.0 9, U7.4
852.8
706.6 5.364.0
247.6
4.416.3
Continental..— — 1,000,0
414 6 1.700.0
151.5
417.7 1.807.0
300.0
Onestal ............. .
i a portersATraders' 1.500.0 5.707.7 20.347.0 3.864.0 1.670.0 19.9UO.0
5.180.5 27,251,5
2 ,0 0 0 .0 8.231.1 23.016.4 3.417.8
F a n ...— ---- -— 1.059.2
1^0,9
145.6 1.151.4
250.0
118.8
Km i River. — .....
Fourth National....; 3.200.0 2.132.8 18.490.5 1.943.9 2.839.4 18,270,4
367.0 2.477, U 9.435.0
490.6 8.260.0
O m''T*1 Nattonai.... jI 2,000,0
1.183.0 0.437,0
894.0
655.9 5.160.0
Be ond National....!! 300,0
3.542.6
783.1
365.2 3.083.2
409.6
Ninth National.— ; 750.0
4.163.4 20.130.0
First National .. . . . Ij 500.0 7.104.0 21,838,2 1.081.1
8.171.1
964.7
268.5 7.205.9 1.311.7
1 ,000.0
Third National
207.5
1.304.9
155.3
1.380.0
69.8
300.0
N.7. Nat Exchange
3.172.0
509.0
405.0
2.828.0
250.0
593.1
Bowery.. . . . . .......
160.4
3.340.8
050.1
426.5 2.790.0
New Votk Con-'ty..; 200.0
2.510.7
329.5
301.3
2.672.2
294.6
Ommua ktaertotm..] 750.0
Oft***® National. ...J 600.0 1.386.2 15.678.1 1.770.8 3.109.6 18.492.0
100. 0 1.121.1 0,989 0 1,0*02 1.097.7 7.834.2
Ft cut Avenue. ....
281.2
682,9 3,200,4
604.0 2.559.1
200.0
Berman Ekohauiro..
533.4
489.1 4.190.9
2.945.2
654.8
200,0
we rmania...........
673.0 5.011.3
510.8 5.099.2 1,052*3
500.0
Hotted States. .....
6.809.8
1.026.1
777.0
603.2 0,091,9
300.0
Lincoln.. . . . .. .......
4.625.8
414.8
840.1
608.0 3.846.9
200.0
B*rtteld..— .. .....
213.5
1.880.0
312.7
1,752,1
318.6
200,0
898.0 1.422.0 0.300.5
4.422.3
848.6
300.0
Bank of the Mefcrop.
402.0 2.486.9
232.0
320.8 2.304.0
200.0
West 8ldr...... . ...
26h,« 5.208.0
840.0 1.013.0 0,354,0
600 0
Seaboard...... .. . . .
1.618,0
213.0
207.0
347.7 1.784.0
200,0
Sixth National .....
455.7 2.593.7 12.147,7
380.3 11.800,0
Waster a National.. 2,100,0
6,532,0
539.5
918.0
5.004.0 1,227,3
300.0
Wir*t Nat. Br'aifn..
625.7
500.0
8 nt'fera National..
459.6 1,530,3 8.131,5
8,409.9
635.0
Nat. Colon Saak,... 1 , 200,0
001,0: 2 093 4
23,8
187.7 2 0 ‘m ,3
500.0
Liberty Nat. flank.
378.8 3,124,9
3.549,6
517,9
322.6
0
$K,Y. Prod. Kxch'ge. 1 .0 0 0 .
Total

Bid.

2

’ gT“

do
4 % ............... .1913
Penitentiary 4**s................. 1913
Virginia funded debt. 2-3 b— 1991
6 b , deferred t’st reo'ts, stam ped.

Ask,

—

59*8 60
5 _ 7^

Sew Yorfe City, Boston and Pailadelphla Banks:
napital A
Specie. LooaU. Deposits,f Circ’Vn.
Banks. Surplus. Loans.
$
$
$
S
$
n. y .*
May 10.. 135.201.5 470.458.4 00,114.3 82,902 0 497.193.3 14,3^2,8 562.943.5
•* 23.. 135.261.5 473.400.4 61.541.5 84,420,3 497 04L.2 14.529.8 535.867.6
“ 30-. 135.261.5 475.150.4 62,456,0 8t,493, <1498,874.1 14,605,1 419,161,4
June 6.. 135,724,1 470,819.1 01.803.5 80,972.8 497.180.0 14,725.3 029,507.3
“ 13.. 134.098,4 474,278,3 02,394,9 82,489,5 490.829.4 14.510.9 527.069.9
Son.*
May 30., 69.351.8 isi.OOAO 8.574.0 0,254,0 140.632.0 9.848.0 70,007,8
Jan© 0„ 69.351.8 162.927.0 8.459.0 6.087.0 141.857.0 9.870.0 100.344.9
** 13.. 69.351.8 162.074.0 8.098.0 5.851.0 139.384.0 9.852.0 87.759.7
Phlla. *
101.308.0 6.835.0 51.095.8
30,£ 41.0
May 30.. 35.203.0 103.911.0
103.311.0 0,652,0 73.355,0
29 £60.0
June 0.. 35.203.0 103.351.0
101.749.0 0,451,0 58,048,4
29. 45 0
" 13. 35.203.0 103.055.0
* Wt omit two ciphers tn all these Mures. t inaludlng for Boston and Phil#
delphla the Item " due to other banks.”
M is c e lla n e o u s a n d U n l i s t e d

rtfinceilaneoax flood*.
Br'kiyn 0n. Gas.lst cons. 6s.
Ch* J un.<&S. Ydfl.—Coi.li.g.,59
Col. C. & I. Level, ga, 5s *...
Colorado Fuel & I.—Gen. 5s .
Col- & Nock. Coal <fc I.-0B, g.
Cons.Gas Co..Chic.~ lafcgn.oa
Consol Coal conv. 6a__
DHL Gas oon. 1st 5s......
Edison Elec. III. Co.—l8t 5a Do of Bklyn., 1st 5s—
Baulk G.-L.,N.x.,oona. g, 5a
Equitable G. & F.—1st 6a. ..
Henderson Bridge—1st g. 6a.
Illinois Steel deb. 5a— ...
Non-oonv. deb 5s.....—
Int. Cond. & Ins. deb. 0s,---Manhat. Beaoh H. L. g. 4s.

B onds :

♦IlMceiianeoup Bonds*
Metropol. Tel. <feTel. 1st 5s.. *107*49
Mioh.-XJenm. Car 1st 5s. —
Mutual Union Teleg.—0a g ..
Nat. atareli Mfg* 1st 0s......... 93 b*
N. Y. dt N. J 'keiep. gen. 6s.. 106 ^b.
Northwestern Telegraph—7p.
People's Gas <fe C. 1 1st g. 0a. *110 a.
Co., Chicago----i 2d g. 6s. 103*ah
1st cons. g. 6a........-........... 99faa.
Pleas. Valley Coal-1st g. 0s.
Sunday Creek Coal 1st g 6s.. 100* b
U. 8* Leather—8. f . deb., g.,6a 110*80
Western Union Teleg. —<
WheeLL. E.<fePit+« Goal 1st 5s c 69®ab.
Unlisted Bonds.
Am. Spirit Mfg., 1st,when iss
6 b
Gome took Tunnel—Ino. 4s..

Noth.—” b” mdlaatea pnoe bid ; ‘ a ” pnoe cts/ced. * Latest price this week
B a n k S t o c k L i s t — L a test p r ic e s th is w e e k ,

BANKS.

Bid. Ask.
A8k.

America..... 315
Am. Exch.. 168
Bowe’T*'. . 275
Broadway., 230
Butcha’&JDr. 130
Central....... 128
Chase.......... 450
Chatham...... 300
4000
Chemical
500
City.......
125
CifciEens’ ..
Columbia....
Commerce... 204"
Continental. 132
Corn Exch.. 280
East River. 130
11th Ward.. 200
Fifth Ave... 2900
Filth*......... 250
First. ...... 2850
First N.t 8 .1 110
14th Street. 170
Fourth, .... 180
Gallatin....... 295

325

BANKS.
Garfield.......
German Am.

Bid. Askw
625
l*^”
300
380
180
3)5

N Y. Nat. Ex
Ninth........
19th Ward..
N, America
Oriental....
Pacific.. ...
Park....,__
100
530 550 People’s ....
137** .... Pheiai.x......
__ Prod. Ex.*..
100
750 ____ Republic....
_ Seaboard...
207

Garmania.
Greenwich .
Hanover— .
Hud. River..
305 I m.& Trad's’
4200 Irving___ _
Lincoln .....
Manhattan..
Markets Pul 200
Meohanios, .- 185 193
287 M’ohs' dc Trs* 630 540
105 180
140
130 138
...
Meroh’ts Ex n o
275 Me&ropolla -- 410
Mt. Morris.. 1' o
140 150**
Nassau.
N. Auxs’dam 185
185 New York... 234 240
310 N V.Oo’utv. 600

240
140

(* N o t lis t e d ,)

BA NKS.

Bid. As
95
110
120
130
170 J90
180
205 2*7*3
235
105 110
116
146
...
107 174
440 475

Seventh __ 100
Shoe<fc Le’th 95
97
Southern... L05 ....
Stateof N.Y. 105*4 __
Third........ 103 105
Tradesm’n’tj
Union Sq.* 185 ....
202 %
...
Uu’d Stater 175
Western
11034 H I
27o ....

THE CHRONICLE

1128

BOSTON, PHILADELPHIA

[VOL. LXI1.

AND BALTIMORE STOCK EXCHANGES.

S h a r e P r ic e s — n o t P e r C e n t u m P r ic e s .
A c tiv e S to c k s .

f Indicates unlisted.

Saturday,
Juno 13.
15

143s

Monday,
June 15.

Tuesday,
June 16.

15*4

1514 15%
•43% 43%

15%

Bid.

Ask.

15%
*%

Thursday,
June 18

Friday.

June 19.

1478 15°8

15
15%
1
*%
*
19
*18% 19%
*
67
*65
67
18% 18% *18
I 8 I4 18*4
18% 1830
18% 18%
18% 183s
210 210
209% 210% 2 1 0 210
209% 209%
205% 206 *2'J5*3 206
205% 206
205% 206
1 6 1 % .......
162 162
162
161 162
__ * 1 0 ..... *10 10% 1 0 % 1 1 %
*10
*54 ___
53% 531
*53*2 54
55
*53
79% 80%
79
79% 81%
80%
78% 79%
78% 79%
783s 79>s
7%
7%
7%
7%
7%
7%
7%
22% 2 2 %
92
92
9
92% 92%
92*3 92*s
34
33%
33% 33%
34%
33% 34
' ....... 134
134 135
108% 108%
108% 108 7* 109 109
9%
9%
9%
9%
9%
9% 9%
9%
41
*39
*72
74
‘ ......... 69 *......... 69 * ......... *69“’ *68
69
4%
4%
4%
4%
4%
4%
4*e
400
14% 14% *14% 15
*14% 15% *14% 15%
177 ......... *177
”177
177 177%
53% 53%
53% 53%
53
53 % 53% 533s
7%
8
71116 8%
7% 711
7*3
7%
71% 71%
71
70% 70%
71*3 71% 71%
8%
8%
8%
8%
*7 %
*7%
8
8
17% 17 78 17% 18%
177e 18
18
18%

Atlantio & Pac.
“
100
Baltimore A Ohio [B a lt.). 100 *17*3 .........
*65 . . . .
Balt. City Pass’ger “
25
18
IS
18 *8 18*s
Baltimore Traotion “
25
18
18
B altim oreTrao’nfl [ P M . ) . 25
210
210
210
BoBton A Albany [B oston). 100
Boston & Low ell
“
100 *205 206 *205 206
Boston A Maine
100 162 162 *161% 162is
10
10
Central of Mass.
100
54
54
54
preferred
io u
79
80
78
0 t c-B ur. A Quin. "
100 78
77% 73%
Oslo Mil. A St. P. [ P M . ) . 100 76% 77*s
638
7%
Oho O. A G .vot.t.o. “
50
2 li* 221*
CSt. St.Ky.of Iml1T “
100
92
92
92
Fitchburg pref.. <B o sto n ). 100 92
333a 33%
Lehigh V alley-. (P h ila .). 50 *33^4 34
........ 135
Maine Central (Boston) .100 ........ 135
MetropoTnTrae.il ( P M ) . 100
*9% 10
' 9 % ....... .
M exican Cent’l (B o s to n ). 100
New England----“
100
P re fe rre d ........
100
69
Northern Central ( B o lt .) . 50 ......... 69
4%
4%
5
5
Northern Pacific (P h ila .) 100
*14% 15%
*14% 15
Preferred
“
177%
177%
177
Old Colony....... (B o s to n ). 100
52% 53%
52% 52%
P ennsylvania . . . ( P h i l a ,) . 50
5
4%
Phil. & Reading. \
“
50
4 i &K5 5%
70% 70's
70% 71
Philadelph. Trao.
“
50
7%
7%
8
Union P a c \ fto ...(B o s to n ).10 0
18
Union Traction ..( P h ila ,). 50
18
177s 18*s
?M l s c e l i a u e o u s S t o c k s .
Am.Sug’r Reiin. 11( B oston) . . . . x ll9 * * 1 2 0 % 121 122% 122*8 123*8
x i03% 103 % 104 104*3 103% 104%
P referred ........
100 206*3 206*o 206 206% 206% 207
Bell T elephone..
25
86% 88
89
91*3
90*3 91%
Bost. & Montana.
2%
2*4
2*3
25
2**fl
2*9
2*3
Butte & B oston..
310 310 *308 312
25 *305 310
Oaliuuet & Hecla
64 *
Canton C o ........ *. ( B a l l .) .100 X
62% 62% *62
63
Consolidated Gas
“
100 k
31
31
31
31
Elec.Stor. Bat’yff ( P h ila .). 100 30*4 30%
Preferred 1i
“
100
60
59
*59
59
59
58*s
Erie T elephone. (B o sto n ). 100
*3 3 % 35
*331*8 34
General E lectric.
“
100 *32
72 4
74
*70
75
P referred ------“
100 *
20
20
*18*3 19%
Lamson StoreSer.
“
50
19*3 20%
41
41%
41
41%
41%
41%
Lehi’h Coal&Nav. (P h ila .) 50
*91
"91
N. E.Telephone (B o s to n ). 100 *91
15%
15%
15*4 15%
15*3 15**
Pa.Heat.L.&PowfPAitaJ.......
7L
71
70*3 71
707e 71
Unit’d Gas Imp.1T “
50
48
48
48
48
43*9 49
5
Welsh ach L ight 1i “
*1%
2
2
*1%
2
West E nd Land ..( B o s t o n )... . *
* B id and asked prices: no sale was
L

Inactive Stocks.'

Wednesday,
June 17.

122% 123% 122*9 123*8
104 104
103*9 104
207 207% 208 208
89
90%
88*4 90*4
* 2%
2*9
2*3
308 310
308 308
*62% 64
64
64
62% 63
63
63%
3L% 32
29*3 30*s
33
33
59% 59% *59
60
33
33
*32% 32%
*71
75
73
73
*18% 19%
18% 18%
42% 43%
42
42%
* 9 1 ........
*91
15% 15%
14*3 15%
71% 7 m
71*4 71%
49% 49%
49% 49%
2
* 1%
2
*1 %
made.
t Trust reeei

inactive stocks.

Bid.

Ask

122%
103%
208
89
2%
*64
*63
29%
*30%
*59
32
*72%
*18%
43%
*91
15
71

123%
103%
208
89%
2%
305
65
63%
30%
32
60
32
74
19%
43%
92
15
71%

49% 49%
* 1%

p

2

Sales
o f the
Week,
Shares.

Range of sales in 1896
Lowest.

Highest.

10,327
50

12% Jan. 7 17% Feb. 24
% Feb. 24
% June 8
13 Mar. 6 44% Jan. 27
65 Feb, 26 70 Jan, 2
700 16 Jan. 7 19% Apr. 16
535 15% Jan. 7 19 Apr. 17
61 204 Jan. 7 217 Jan. 28
202 Jan. 29 209 June 1
13 162 Jan. 30 171 Feb. 19
10 Mar. 31 12% Mar. 10
30 53% Mar. 18 56 Feb. 28
15,989 72 Jan. 7 82% Apr. 24
33,450 64 Jan. 7 79% June 17
1,791
4% Apr. 8 12% Jan. 2
225 21 Mar. 3 30 J an. 2
71
89 Jan. 20 97 Feb. 10
655 30% June 4 38% Jan. 30
133% Apr. 1 136% Jan. 3
1,849 94% Jan. 7 109% May 25
510
8% Jan. 6 12% Fob. 24
40 May 28 51 Jan. 28
72% June 4 85 Jan. 28
67% Jan. 16 70 Feb. 14
2,055
% May 25 J5% May 28
6
9% Apr. 17 17% Mar. 9
5 175 % Jan. 6 179 May 8
2,987 50% Jan. 7 54% Apr. 23
1% Jan. 10 8%,; June 16
29,345
2,461
62 Jan. 8 72% May 5
421
3 Jan. 23 10 Apr. 21
11,048 10 Jan. 8 20 M ay 18
18,956 97% Jan. 7 126% Apr. 21
306 95 Jan. 7 105% Juue 12
463 197 Jan. 2 208 June 18
27 999 65 Jan. 7 91% June 15
1% Mar. 7 13% Jan. 31
405
35 295 Jan. 3 311 M ay 22
100 61 J tine 18 64 June 18
122 55% Jan. 20 66 Apr. 2
2,lS7i 24 Jan. 7 36% Apr. 15
1 0 0 . 25 Jan. 7 38 Apr. 16
134 53% Apr. 11 63 Jan. 31
69 22% Jan. 6 39% Mar. 13
45 50 Jan. 8 78 A pr. 14
233 18 Jan. 7 21 May 6
171 39% May 25 46% Feb. 8
8 7 % J an, 2 3 9 L May 28
3,186
9 Jan. 7 15% Juue 15
620 66 Mar. 2 81% Jan. 2
533: 46 Jan. 8 67 Feb. 17
2% Feb. 14
1% Jan. 25
I Trust r e c .ls t instal. paid.

Bonds.

Bid. Ask,

72
95
Boston United Gas, 2d m . 5s. .1939 6 71
People’s Trac. trust oerts. 4s..1943
96
117
95
B url.A M o. R iver E x e n p t 6s, JAJ I l l 6
Perklom en, 1st s e r .,5 s .l9 1 8 , Q—J 101
265
P hila.A E riegen.M . 5g.,1920, AAO 117
N on-exem pt 6s....... ..1 9 1 8 , JA J f 107 108
Plain 4 s.......................... 1910, JAJ 5 98 100
Gen. m ort., 4 g .......... 1920, AAO 104 104%
102% Phila A Read, new 4 g., 1958, JAJ
80
2 * . Ohio. Burl. A Nor. 1st 5,1926, AAO 5102
80*4
Catawissa.....................
“
50
97
52%
1st pref. Incom e, 5 g, 1958, F eb 1 33% 34%
2d m ort. 6s..................1918, JAD 5 95
1st pref e r re d ...........
“
50
99
21
22
5
98
42
.........
1896,
JAD
2d
p
ref.
inoom
e,
5
g,
1958,
Feb.
1
Debenture
6
s
.
.
.
Central Ohio............... [Balt.) 50
95
4
Chic. Burl. A Quincy 4s .,1922, FAA
19% 19^4
5
Sd pref. Inoome, 5 g , 1958,Feb. 1
Chicago A West M ich.(Pos(on).100
Iow a D ivision 4 s....... 1919, AAO
2d, 5s............................ 1933, AAO 120
Connecticut A P a ss..
“
100 141 143
99
55
Chlo.AW.Mioh. gen. 5s, 1921, JAD
Consol, m ort. 7 s.........1911, JAD 130
Connecticut R iv e r___
“
100 240 250
55
23
24
Consol. T ra cto r N.J.1I[P h ila .).1 0 0
Consol, o f V erm ont, 58.1913, JA J
Consol, m ort. 6 g .........1911, JAD 119%
70
D elawareABoundBr.
“
100 162 165
Im provem ent!)!. 6 g., 1897, AAO 103% 104
Current R iver, 1st, 5 s ..1927, AAO
65
10
13
Oon. M .,5 g.,stam ped,19 22,MAN 101 101%
Flint A Pere M arq.... [B oston ). 100
Det. Lana. A N or’n M. 7s. 1907, JAJ
l 120%
37
Terminal 5s, g ....... .1 9 4 1 , Q.—F, n o
40
Eastern 1st m ort 6 g.l906 ,M A S _.
Preferred.................
“
100
54
130
Hestonville Paaseng. (P h ila .). 50
53
Eree.Elk. A M .V .,1st,6s.1933, end.
Phil. Wilm. A Balt., 4 s .1917, AAO
i 128
65
Pitts. O. A St. L., 7 s ....1 9 0 0 , FAA 1 1 1 %
Unstamped, 1st, 6s, 1933............
Preferred IT.................
“
50
70
30
Roohebter R ailway, oon. os ..1 930
102
Hunt. A Broad T o p ...
“
50
28
K.C. C. A Spring.,1st,5g.,1925,AAO
88
52
K 0. F .S .A M . co n .6 s, 1928, MAN
Sohuyl.R.E.Side.lst 5 g.1935, JAD
105
P referred.....................
“
50
10
60
Kan. C’y Ft.8. A M em .(Boston).100
5
K.C. Mem. A B ir.,1st,2s,1927, MAS
Union Terminal 1st 5 s......... .F A A 100
50
35
K.
C. St. Jo. A C. B „ 7 s ..1907, JA J123
P referred..........
“
100
B o n d s .—B a lt im o r e .
94
Atlanta A Chari., 1st 7s, 1907, J AJ 120
Little Schuylkill......... (P h ila .). 50
6 3 \ 64
L. R o c k A F t 8 .,1 s t ,7 s ..1905, JAJ
103
90
Baltimore B elt, 1st, 5 s .1990, MAN
Mine HUl A S.Haven
“
50
86
Louis.,Ev.ASt.L.,1st,6g.l926,A A O
69*4
55
Balt. C. Pass. 1st 5 s ....1 9 1 1 , MAN 112 113
85
NesQUeboningVal. . .
“
50
2m ., 5—6 g .................1936, A AO
109
Balt. Traotion, 1st 5S..1929, MAN lOSifl 109
Worth American C o ..
“
100
514
5ia Mar. H. A Ont., 6s...... 1925, AAO
Extern A impt. 6 s ....1 9 0 1 , MAS 104*4 104*9
68%
North Pennsylvania.
“
50
85 *s
M exioan C entral,4 g . . . 1911, JAJ
No. Balt. D iv., 5 s....... 1942, JA D 106*4 106%
19
1st oonsol.incom es, 2 g, non-oum.
Or.Sh.Lm elstasst.pdfBosfonLlOO
8*0
8 % Baltimore A Ohio 4 g., 1935, A A O 101
Pennsylvania A N . W. (P h ila .). 50
2d consol, inoom es. 3s, non-oum.
20
Pitts. A Conn., 5 g___1925, FA A
PhiladeL A E rie........
“
50
N. Y. A N .Eng,, 1st, 7s, 1905, J A J 1 1 1 9 V 1 2 0
2
1
Kutl d . ....................(B o s to n ). 100
1st m ort. 6 s....... .........1905, JAJ ----112ia
Staten Island, 2d, 5 g.1926, JAJ:
70
90
Bal.AOhio S .W .,lst,4*ag.l990, JAJ 102 102*4
Preferred.................
Ogden. A L .C .,C o n .6 s...1920,AAO
“
100 69
93s
Southern...................
(B a lt.) .100 9is
15
O apeF.A Yad.,8er.A.,6g.l916, JA D
I n o .6 s............................... ....1 9 2 0
Rn tland, 1st,6 s........... 1902,MAN! .100 103
Preferred...................
Series B., 6 g . . . . . . . . . . 1916, JA D .........
“ 100 28** 29
71ia 72 *s
West E n d ................( B o s t o n ) . 50
2d, 5s........................... 18 98,FAA $ 87
90
Series 0., 6 g .......... ...1 9 1 6 , JA D .........
89
90
P referred ....................
“
50
Cent.
Ohio, 4*s g ............ 1930, MAS .........
“
l * . - r ....................
intioC lty 1st
athI af f .? 19 ill* M AN 103ia
Atlantio
United Cos. o f N. J .. (P h ila .). 10 0 239%
Cent. Pass., 1st 5s ....1 9 3 2 , MAN 109 109*8
Buffalo By. bon. 1st, 5 s .......... 1931
109*4
West Jersey...................
“
50
'City A Sub., 1st 5 s.........1922, JA D 109
W eeiJersey A A tlan.
“
50
Catawissa, M .,7 s .........1900, FA A 111
Chari. Col.A A ug.ext.5s.1910, JAJ 107*3 108*3
112
Western N.Y. A Penn
“
100
2% Choo. Okla. A G ulf, prior lien 6 s.. 103*4 107
214
Col. A Greenv., 1st 5-63.1917, JAJ H0*a
Wieoonsln C entral... ( B oston ) .100
83*s
Ga.Car. A Nor. 1st 5 g - 1929, JAJ
83
1% Citizens’ 8t,R y.of lnd.,oon .5s.l933
78
80
lia
P referred ....................
“
100
Columb. St. R y „ 1st, con. 5s.. 1932
15
Georgia Pae., 1st 5-6s... 1922, JAJ 112
Worc’st.Nash.ARooh.
“
100 112 115
Columb. O. Crosstown, 1st,5s.1933
North. Cent. 6 s .............. 1900, JAJ 110
110*4
M ISCELLANEOUS.
Consol. Traot. o f N. J., Ist,5s.l9 33
6 s................... ................ 1904, JA J 114
83 >a 84
Ailouez. M in’g, Hast p d f B oston ). 25
D el. A B'd B r’ k, 1st, 7 s .l9 0 5 ,F A A 123ia
1
Series A , 5s.................. 1926, JAJ 113
Atlantio Milling.........
“
25
21
20
Easton A Am. ls t M .^ s .1920, MAN IO8 I4
4 *ss.................................1925, AAO 109>a 110
Bay State Gas f _____
“
50
13is 1314 Eleo. A People’s Trao. stook, tr. otf s 745t 7 4 78 Piedm .A C om ., 1st, 5 g .19 11, F A A 101
3Sj
Boston Land.................
“
10
4*3 Elmir. A Wilm., 1 s t,6s. 1910, J A J . 120
Pitts. A Connells, l s t v s .1898, J A J 106*a 107
Centennial M in in g ...
“
10 •10
Hestonville M. A F „ con. 5s..1924 109
25
Southern, 1st 5 s________.1994, JA J 93% 94*4
1
Fort Wayne Elect.If..
“
25
2
H unt. A B r ’d T o p ,C o n .5 s.’95,AAO 106% 107
Virginia M id., 1st 6 s ...1 9 0 6 , MAS 112
Franklin Mining.......
“
25
10
Lehigh Nav. 4*88........... 1914, Q—J
11
2d Series, 6s................1911 MA8 115
Frenoliin’ ii's Bay L’d .
“
5
2d 6s, gold ................... 1897, JA D 103
112*3
3d Series, 6s............... 1916, MAS 112
%
Illinois Steel...................
«
100
63
General m ort. 4*38, g .l9 2 4 ,Q —F
65
4th Series, 3-4-5s......... 1921, MAS 93
Kearsarge Mining___
“
25
13
5th Series, 5 s................ 1926, MAS 101 103
13>a Lehigh Val. Coal l s t 5 s ,g .1933,JAJ
98
98*3
Osceola M in in g .......
“
25
28
29
Lehigh V alley, 1st 6 s ...1898, JA D 104
W est Va C. A P. 1st, 6 g.1911, JA J 108 108*8
Pullman Palace Car.
“
100 158ia 159
2d 7 s ....................................... 1910,MAS
133
W estfLiLC. Consol. 6 g . 1914, JAJ 1 1 2
Pennsylvania Steel.. (P h ila .).10 0
29
Consol. 6 ................................ 1923,JA117*a
D
30
. . . . . . Wilm. Ool. A A ug., 6s. .19 10, JA D 112
Preferred 11.................
“
100 58
60
Newark Passenger, oon. 5 s...1930 1037e J04
MISCELLANEOUS.
Quincy Mining.......... (B o s to n ). 25 118 120 INorth Penn. 1st, 4 s ....1 9 3 6 , MwN 108 108 *a Baltimore W ater 5 s . ..1916, MAN 119 120
Tamarack Mining___
“
25
85
87 l Gen. M. 7s.....................1903, JAJ
Funding 5 8 . . . . . . ..........1916, MAN
..
Water Pow er.................
“
100
Paterson Railway, consol. 6 s .........
1
*a
E xchange 3**s........... ..1 9 3 0 , JA J 103*s 104*4
Westlngh. Eleo. A M ..
“
50
29
30 iPenusylvanla g e n .6 s ,r ..l9 1 0 , Var 131
72*3
Virginia (State) 3 s ,n e w .1932, JA J
72
Pref., cum ulative.
“
50
53
Consol. 6s, 0
............ 1905, Var 117 119
Funded debt, 2-3s....... 1991, J&J
59Si 60
53ia
C o n so l.5 s,r ................1 9 1 9 ,Var
Chesapeake Gas 6 s . ....1 9 0 0 , JAD .........
At.Toju a S. F AOO*yrAg.,1989, JAJ
7 8 * 79
Collat. Tr. 41* g ........... 1913, JAD
Consol. Gas, 6 s . . . . . . . ...1 9 1 0 , JA D 116 116*3
2 d 2 V 4 s ,g ., C lassA ..1989, AAO
25
26
105*s
Pa. A N. Y . C a n a l,7 s ...1 9 0 6 ,JAD 122
5 s ................... - ............ 1939, JA J 105
Biaton United Gas 1st 5s............... 583*s 85
Con. 5 s................................... 1939, AAO
Equitable
Gas.Hs ........191a. AA-'*
...
108 *a
P rices o f Ju ne 19.
Atlanta A Charlotte [B a lt.). 100
Boston A Providence [B oston). 100 263
Cam den A Atlantio p f. [P h ila .). 50

p .ice Includes overdue ooupous.

_j 11 Unlisted.

) And accrued interest.

THE

June 30, 1806.]

1129

C H R O N IC L E

NEW YOKE STOCK. EXCHANGE PRICES (C oa tin u ed )-4C r/F £ BONDS J U N E 19 AND FOR YEAR 1896.
R a il r o a d and
M is c h l l a x k o u s B o n d s .

I In fst

° j * $ * R ange (sa les) in 1896
J u n eL
Low est. I H igh est.

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

C losing R a n g e (sa le s) i n 1896,
InVst
P rice
P erio d J u n e 19.
Lowest.
A ig h e st.

Amer. C otton Oil, deb., 8 g .1900! Q—F
108%b.!107% M ay 111 % Jan,
M. K. & Texas.—1st, 4s, g.1990 J A D 83%
80 Jan.
87 Feb.
Ann A rbor.—1st, 4s, g ....... 1995| %—J
70% ; 66 Jan. | 72 Feb.
59 b. 53% Jan.
2d, 4s, g ............................. 1990 F A A
63% Feb.
A L T. A S .F .—New gen. 4 s .1995 A A O. 79% I 72% Jan. ! 81% Feb.
87 b. 86 June 97 Jan.
Mo. Pao.—1st, oon., 6g...... 1920 M A N
Adjustm ent 4 s ..................1995 N ot .
41% ! 38% June
51% Feb.
3d, 78....................... T........1906 M A N 106 b. 106 M ay 112 Jan.
Col. Midland—C o n s.,4 g .l9 4 0 ;F A A j 21 b .'t2 0 Jan. 127 Feb.
Pao. o f Mo.—1st, ex., 4g. 1938 F A A 108 b. 101 Feb. 103 June
AtL & Pao.—Gaar. 4 s....... 1 9 3 7 ........ ' 40 b. 40 Mar. 50 A pr
2d ext. 5s......................1933;J A J 107%a. 105 May 106 Apr.
B *w a y *7 th A v .-lst.eon .g .5 s’43 J & D 115%b. 111% Jan. 117% May
S t.L .A I r .M t.ls te x t .,5 s .l 8 97|F A A 101 %b. 100 Feb. 102% Jan.
B rooklyn Elev. 1st, 6 g -----1924| A A O; §82%
flj
|“ June 102i n~ Jan.
"
30%
2d, 7 g ............................ 1897;M A N 100 %b. 100 Jan. 103% Apr.
Union Elevated.—6 g ..- .1 9 3 7 M A N 81 b.i 80% June jl0 0% Jan
Cairo Ark. A Texas, 7g.l897|J A D 102 a. 100% Feb. 102 % M ay
B’ klyuWhrr&W.H—l8t,5s,g.’45 F A A
Gen. B ’ y A lan d gr.,5g-1931!A A O 78 %b. 77 Apr.
99%a.i 97 Feb. 101 May
31% Mar.
Canada Southern.—1st, 5s,1908 J A J 110% 106 Jan. 110% June M obile A Ohio—New 6 g
1927;J A D 116 b. 117 Jan. 120% May
2d, 5s..................................1913 M A 8 105%b. 103% Mar. 107 Feb.
General m ortgage, I s . . . l 9 33|M A S 66%a. 62% Jan.
68% Feb
Central o f N. J .—Cons.,78,1899} Q—J 103%b.
_
.
V Mar. i Nash. Ch. A 8t.L .—1st, 7 s ..1913 J A J 131 b. 127 Feb. 131% June
107%_ Apr.
110%
H R b.
h 115%
11^la Feb.
Poll !120
-ion Apr.
4
-irt.no A A
ir O
n 100 b. 99 Apr. 102 F e b ,
ConsoL, Ts........................1 9 0 2 ;M A N 116
ConsoL, 5g .......................1928!A
N .Y . Central—D ebtext.4s.l905;M A N 102 b. 100% Jan. 103% A pr
General m ortgage, 5 g . . . 1987: J A J :“ 119%b. 112% Jan. 119% F eb.
Leb.A W .B.,cbn.,78,as’d .l9 0 0 Q—M 104%a. 103 Mar. 106 Feb.
1st, coupon, 7a.................1903 J A J 120 b. 118 Jan. 120% M a r,
••
m ortgageos.1912im A N: 90 ' b. 90 Apr. 92% Mar.
D eben.,5s, ooup., 1884..1904 M A S 107 %b. 105% Mar. 109 Feb
1111%
Jan.Mar.
Am . D ock A Im p., 5 s ___1921 J A J 1 1 7 a .
114%
N. Y. A Harlem, 7s, reg.,1900 M A N l l l % b . 111% May 111% June
1 99%
Central PaclBc.—Gold, 6S.1898 J A J 104 b .
104Jan.
M ay
R.W. A Ogd., oonsols, 53.1922 A A O 117 b. 116 Apr. 119% Feb.
Che*. A Ohio.—Ser. A, 6g .-1 9 0 8 A A O 117 b. 115% Apr. 117% M ay
West Shore, guar., 4 s___ 2361 J A J 106%b. 104 Jan. 106% Feb.
Mortgage, 6 g __________ 1911 A A 0 *117 b. 114% Apr. 117% Mar. , N. Y. Ohio. A St. L.—4 g . . .1937 A A 0 lO l^ a . 102 Jan. 105 Feb.
1st consol., 5 g .. . . . . . . . . . . 1939! M A N 107% |104%Jan. 111% Apr. N. Y. Laok. A W —1st, §s,.1 921 J A J 133% 129 Jan. 133% June
General 4^ae, g .................1992 M A Bi 74 b.| 68% Jan.
78% Feb. j Construction, 5a.............1923 F A A 114 b. 112% Mar. 114 May
R. A A. Div., ls tc o n ., 4 g .19891J A J 97 %b. 91% Jan.
97% May
N.Y.L.E.AW .—1st,oon.,7g. 1920 M A S 140 b. 135 Jan. 140 Feb.
“
2d c o n .,4 g ..1989; J A J 85 b.i 82 Feb.
88 J uue ,! Long D ock, consol., 6 g.1935 A A O 130 b. 131% Apr. 131% Apr.
Eliz.
Lex. A Big. S an .,5g.l90
2 M A S| 99%b. 98 Jan. 102% Feb. i N.Y. N. H. A H .—Con. deb. ctfa. A A O 132 %b. 131 May 137 Feb.
______________„
...
Cbl*. Buri. A CJ,—Con. 78.1903 J A J; 120%a. 115% Jau. 119% June N.Y. Ont. A W.—Ref. 4s, g.1992 M A 8 87%b. 87% May
93% Feb.
Debenture, 5s................... 19 13 M A N 1 98
97 Apr. 101% Apr.
Consol., 1st, 5s, g ............ 1939 J A D 107 b. 107 Jan. 110 Feb.
Convertible 5 s . . . ____ ...19C 3JM A S; 101 %b. 99 % Mar. il04%
99%
"Feb.
*
N.Y.Sus.A W .lstref.,5s, g,1937,J A J
96 Apr. 100 Jan.
D enver D ivision 4a.........1922 F A A 95 b. 93% Mar. 95%
. _ ______
June , Midland of N. J., 6s, g . . , 1 9 1 0 |A A 0 116 b. 113% M ay 118 Mar.
Nebraska Extension, 4 s .l 9 2 7;M A N 91
91% Feb.
N orf.A W .—100-year, 5 s,g .1990 J A J
I 87% Jan.
60 Jan.
67 Feb.
Han. A St. J o s.—Cons.6a.1911 M A S: l l g b. 115 Apr. 118% Jan.
No. Paoltlo—1st, coup. 6g. 1921 |J A J 117% 113% Jan. 118 Mar.
112 Jan. 117% May
113 %b. 113% June 114% June
Chic. A E. I1L—ls t,s . f. 69.1907 J A D 115 b.____
Do. J. P. M. A Co. oertfs....... I.......
ConsoL 6g ......................... 1934 A A 0 126 b. 1223 Jan. 127 June
General, 2d, ooup., 6 g . . l 9 33 |A A O 1115% 100 Jan. t ll5 % J ’ne
General consol., 1st 5 s.. 1937 M A N 100%
9£
99 Feb. 102% Apr.
82% Mar.
General, 3d, coup., 6 g ..l9 3 7 j J A D t 72
64 Jan.
Chicago A Erie.—1st, 5g . . l 982 M A N -108%b. 105% Jan. 112 Feb.
ConsoL mortgage, 5 g,..1989|J A D t 50
31% Jan. t 51% Apr.
93% Feb.
Col. trust gold notes, 6 s .1898 M A N f 91%b. 76% Jan.
C hic.G as L. A C .—1 st,5 g .. 1937 J A J
93 a. 90 Jan
94 Apr.
Ohio. A N . Pao., 1st, 5 g..1940!A A O t 44
Chic. M lL&St. P.—Con.7s.1905; J a J 132 b. 123 Jan. 132 June
t37 Jan. t48% Apr.
1st, Southwest Dlv., 6s. .1909 J A J 117 b. 115 Jau. 118 May ! Seat. L. 8 .A E .,ls t.,g u .6 .1 9 3 l!F A A *t 40 b. 136 Mar. 144% Feb.
1st, So. Minn. Div., 6 s ..1910 J A J *118 b. 112% Jan. 118% June No. Pao. A M ont.—6 g ........19 3 8 jM A S t 37 b.|t26 Jan. t39% A pr
l*t,Ch.A Pao. W .D lv.S s..1921 J A J 115% 110 Jan. 115% June No. Pacific Ter. Co—6 g ___1938! J A J 109
100 Jan. 109% June
Ohio A Miss.—Corns, f., 7s. 1898 J A J 105 b. 103 Jan. 104% May
Cblc. A Mo. ttlv.Dlv.,5s. .l9 2 6 J A J *109%b. 103% Jan. 110 Apr.
88%b. 87% Jan.
94% Feb.
Wise. A Minn., D lv ,5 g ...l9 2 1 J A J ............ 106% Jan. 112% Mar. Ohio Southern—1st, 6 g. ..1921 J A D
General mortgage, 4 g . , 19 2 l!M A N 129 a. 25 Jan.
35 Feb.
T erm in a l,5 g ___. . . . -----1914 J A J *112%b. 108 Jan. 113 Mar.
Gen. M., 4g., series A . . ..1 939 J A
93
92% Apr.
98 June 1 O regoulm pr.C o.—I s t 6 g ..l9 1 0 ;J A D 88 a. 80% Mar. 917e Jan.
Consol., 5 g ...................... 1939 A A O t 13
113 J une 36 Jan.
MU. A Nor.—1st,oon..6s. 1913 J A
119 a. 115% Jau. 119 May
Ore.R.ANav. Co.—1st, 6g. 1909| J A J 112%b. 105 Jan. 112% June
Chic. A N . W.—ConsoL,7s.1915 % - F *140 b. 138% May 141 Jan.
Consol., 5 g ....................1 9 2 5 J A D 196 b. t90 Jan. f 98 Feb.
Coupon, gold, 7s .........1902! J A D 117 b . 116% J u n e ! 120 May
Sinking fond, 6s------ -— 1929!A A 0; 113 b. 112 Jan. 116 Mar. Penn. Co.—£%g, c ou p .......1921 J A J 113 %b. 108% Jan. 113% June
P.C.C.ASt.L.,0011. gu4%.1942|........... 110 b. 105% Jan. 112% F eb.
Sinking fund. 5 s ...... ...1 9 2 9 A A O 103%a.!l08 Jau. !111 Mar.
Peo. Deo. A E vausv.—6 g.1920, J A J 101 %b.; 101 Mar. 102 Mar.
Sinking fund,debem,58.1933 M A N n o
il07%Jau. 111% Apr.
25-year debenture, 5s. ..1909 M A N 106%a.|103 Jau. 107 Apr.
Evans. D ivision, 6 g ....... 1920 ;M A S 102 a. 10 1 Mar. 101 Mar.
2d mortage, 5 g ............... 1926 M A N 125 a. 26 Mar. 31 Feb.
Extension, 4s................. .1926jF A A 102 b. 100 Jan. 102% Apr.
Chic. B.I. APac.—«*,coup.l917 J A J 128 %b. 126 Mar. 127% May : Phila. A R e a d —G en .,4 g ..l9 5 8 ;J A J 1 80% , 71% Jan. t80% June
18% Jan. t36% Jan.
.00 Jan. 105% June ! 1st p f.in e „ 5 g, 2d Inst. pd.’58|........... 1 33%
Extension and eoL, 5 s ...1934 J A J 105%
5% Jan. t22% Jan.
30-year debenture, 5 s ...1921 M A 3 * 94 b. 92 Jan.
97% Fob.
2d pt.lno., 5 g., 2d Inst. p(L’58 ........... 1 2 1 %
3% Jan. t2 0 Jan.
3d pf.m o., 5 g., 2d Inst. p d.’5 3 ........... t 19 %1).
Chic. St. P. M. A O.—6 s ...1 9 3 0 J A 1J 125 %b 124 Jan. 129 May
Pittsburg A Western— lg .l9 1 7 !J A J 75 b. 65 Mar. 77 Jan.
Chlc.AW.Ind.—Gen..g.,6s,1932 % -M 1 1 6 % b .ll6 % Jan. 118% Feb.
70 Jan.
77% Feb.
Rio Or. Western—1st 4 g ..1939; J A J 77
90 Jan.
Cleveland A Canton.—5s.. 1917 J A J 1 78 b.! 79 Jan.
Clev. Lor. A Wheel.—5s— 1933; A A 0 *106 b. 104% Apr. 107% Mar. St. Jo. A Gr. Island—0 g . .1925 M A N 1 45%b.l 40 Feb. t51 Jan
St, L. A San Fr.—6 g, Cl. B . 1906 M A N 115%b. 1 1 1 % Jan. 117% Apr.
0 C. C. A I.-Consol. 7g .. 1914 J A D 131 b. 119 Jan. 134% May
6 g., Class C...................... 1906 M A N 115% b.|ll2 Jan. 118 Apr,
Get oral consol., tig.........1934J A J 125 b. 125 May 127 M ay
General m ortgage, 6 g . . 1931 J A J 113% 101% Jan. 114 June
0.C.C.A8LL.—Poo. a X .,4 s 1940[A A O 75 b. 7 5 % June 80 Jan.
23 Slay 38 Mar.
Cons. guar. 4s, g.............. 1990 A A O t 24
Income, 4s...................... 1990! April. • 17 b. 18% Mar. 23 Jan.
St. L. A S o. W.—1st, 4a, g .19 89 M A N
69 b. 67% June 76 Feb
93 b. 94% Jau. 100 J an.
Col. Coal A Irou—6g.......... 1900 F A A
32 Feb.
2d, 4s, g., inoom e.............1989 J A J 26 b. 24% Jan.
Col. A 9th A v e- t * 5». g .1993 M A 8 114%b. I l l Apr. 114% June
8t.P.M .AM .—Dak.Ex.,6 g. 1910 M A N 119 b. 119 Mar. 121% Mar.
Feb.
OoLH.Val.AToi.—Con..5g.l931 M A S) 86
83 Jan. 1 90
124%
June
1st consoL, 6 g ................. 1933 J A J 123 b 117 Jan.
Apr.
85 b. SO Jau. ! 90
General, 6g...................... 1904 J A D
“
reduced to 4% g .. J A J 105%b. 101% Jan. 106 June
Denv. A KloGr.—1st,7s,g. 1900 M A N •111 b. 110% Jan. 114 Apr.
84%
June
M
ontana
extension,
4
g
.
1937
J
A
D
85%b.
89
Feb.
83 Jan.
|92
May
91%
*1
"
1st consol., 4 g................. 1936 J A J
59 Feb.
San.Ant.A A. P.—lst,4 g .,g u .’43 J A J
57%b. 51% Jan.
95 Jan, |98% June
98%
Dnl. So. 8b, A Atl.—5g---- 1937 J A J
So.
Car.
A
Ga.—1st,
1
5
g
.
.
.
1919
M
A
N
95
a.
97
Apr.
93
Jan.
Edison El. 111.—lst,0on.g.5s.*95 J A J 105 %a. 97% Jan. 105% June
97 Feb.
94 Feb.
S o.P aoiao.A riz.- 6 g . . . 1909-10 J A J
96
Erie— l, g, prior bonds— .1 9 9 6 J A J 92 %b. 91% June 95% Feb.
Feb.
SO. PactUo, Cal.—6 g . . . 1905-12 A A O * lll% b . 107 Apr. I l l
65%b.i 63% June 67 Apr.
OeneraL 3-4, g ............... 1990 J A J
1st oonsol., gold, 5 g.......1937 A A O 90 b. 90% Mar. 92% Apr.
Ft. W. A Denv. C it y .-6 g ..1921;J A D | 56 b. 154% June 1 7 0 % FeD.
106
Feb.
101%
Jan.
So.
Paclflo,
N.
M.—6
g
.......
1911
J
A
J
105
b.
Ga!.H.ASau.Au-M.AP.D.lst,5g M A N 90%
90% M ay |93
Jan.
94% June
Southern—1st oons. g, 5s. 1994 J A J 94
87% Jan.
93% Feb.
85 Jan.
Gen. Electric,deb. 5 s .g ... 1922 J A Di 88
90
Mar.
93%
Feb.
E.
Tenn.
reorg.
lien
4-5s.1938
M
A
S
91
b
71 Apr.
b. 68 Apr.
Hous. A T. Cent. gen. 4s, g. 1921 A A O 69 b.
99 Jan. 102 Feb. | E .T . V. A G —1st,7 g ...,1 9 0 0 J A J l l l % b . 107 Jan. I l l June
OllnoU Central—4s,g.......1953|M A N 100
Jan.
109%
Apr.
Con.
5
g
.........................
1956
M
A
N
107%
105
Western Lines. 1st, 4s, g. 1951 F A A; 102 %b. 101 Mar. 103% June
Int.AOroat Nor.—Ist,6s,g.l919 M A N 11538b. 115 Jan. 118% Apr. i Georgia Pao. Ist5-6s, g.,1922|J A J 112 b. 110 Jan. 114 Jan.
Feb.
116
May
K
noxy.
A
Ohio
Iat6s,g..l925|
J
A
J
115%
113
77% Feb. 1
72 %b. 70 Jan.
2d, 4-58............................. 1909 M A 8
Rich. AD anv. oon. 6 s,g ..l9 1 5 ;J A J 120%b. 115 Jau. 1 2 0 % June
97% May
Iowa Central.—1st, 5 g . . . . 1938 J A D- 95 h. 90% Jan.
114
Apr.
June
W
est,N
o.C
arl8toon
.6s,gl914
J
A
J
113
b.
112
Kings Co. Elev.—1st, 5 g .. 1925! J A J 60 b. 60 Apr. 71 Jan.
93 Feb.
80 b. 89 Jan.
Tenn. 0 . 1. A By—Ten. D .lst, 6g
___.
96 Jan.
93
,9 1
May
Laclede Gas.—1st. 5s, g . . . 1919; % yl'\
J
A
J
95
Feb.
Jan.
Birmingham
Div.,
6
g
...l9
1
7
87
b.
89
|1173gJune
'
Lake Erie A West,—5 g — .1937IJ A J 115%b. 113 Jan.
Jan.
91 A pr
Texas A Paolflo—1st, 5 g . . 2000 J A D
86 %b.
L. S h ore.-C on ,op., 1st, 7 s .1900 J A J 114 b. 112 Jan. 115 Jan.
Maroh
Jan.
22%
24%
Feb.
2d,
Income,
5
g
...............
2000
1163gb.
116% June 1120% Mar.
„
Consol, coup., 2d, 7 s.---- 19031J A D ----L ex. Av. A Pav. F. gu. 5s,g.l9 93 M A 8. 114% 111 Jan. 114% June Toledo A Ohio Cent.—5 g . .1935 J A J 109 b. 105% Jan. 109% June
J
A
D
1
77
Feb.
t70
June
ToL
St.
L.
A
Kan.
C.—6
g
...l9
1
6
t
70
Long Island.—lstc o n .,5 g .I 9 3 1 j <4—J ............ 117% Jan. 120 Feb.
Union Paoido—6 g ..............1898 J A J 106 a. 102 Feb. 107 May
General m o rtg a g e ,4 g ... 1938*J A D 93% ». 93 Mar. 98 Jan.
M
A
S
90
Jan.
97%
Feb.
90
b.
Ext.
sinking
fund,
8.......1899
Louis. A Nash.—Cons. 7a..1898!A A O 105»sb.T01% Apr. 108% Mar.
Collateral trust, 4%.......1918 M A N 150 a. 148 May t 54% Feb.
N.O. A Mobile, ls t ,6 g ...l9 3 0 ;J A J; 117%b.,118 Jan. 119 Feb.
98
Jan.
F
A
A
91%
May
Gold
6s,
ool.
trust
notes.
1894
97
•*
•*
2 d .6 g . 1930;J A J 102 b.; 97 Jan. 102% May
Apr
Kan. P ac.--D en.D iv.,6g-1899 M A N l l l % b . 106 Jan. I l l
General, 6 g ..__. . . __ ...I 9 3 0 J A D ; 1 1 5 % b .ill4 Jan. 117% Apr.
1st consoL, 6 g ............. 1919 M A N t 70 b. 68% May 177% Feb.
80% Feb.
U n l l l e * l , 4 g . 1940 J A J 78 b. 71% Jan.
Oregon Short Line—6 g.1922 F A A 11 1 2 % 1100 Jan. 115 Apr
Louls.N . A. A Ch.—1st, 6 s .1910! J A J 114 b . l l l l ’ s Jan. 114 June
Or.3.L.AUt’h N .-C on .,5 g l9 1 9 A
~ A O„ t 66% |51 Jan. 170 Feb.
Consol., 6 g . . . . .......... .,..1 9 1 6 A A 0; 99 %b. 99 Apr. 103 Feb.
40% Apr
36 b. 31% Jan.
U .P .D en .A G u lf,con .,5g.l939 ;J A D
99 % Mar.
97 b. 94% Apr.
Manhattan oonsol. 4 s....... 1990; A A O
U.
S.
Cord.—1st
ool.,
6
g
.
.
.
1924;
J A J t 27%b. 125% June 136% Feb
Metro. Elevated.—1st, 6 g .l9 0 S ,J A J 119%b. 116% Jan. 120 June
V irginia Mid.—Gen.M., 5s.l936;M A N 100 %b. 97 Jan. 105 A pr
105 M ay 108 Apr.
2d,6 s ................................. 1899 M A N 106
Wabash—1st, 5 g ................1939-M A N 100%b. 102% Jan. 109 Apr
Mich. Cent.—lst.co n s., 73.1902 M A N 115%b. 115 M ay 119 Jan.
77% Feb
2d mortgage, o g . . . . . — ,1939,F A A| 775
5 b.i 69 Jan.
Consol., 5 s__ . . . . . . . . . . . . 1 9 0 2 M A N 1 0 7 %b. 105 M ay 1108% Feb.
West
N. Y? A Pa.—1st, 5 g . 1937 J A J,*107%b. 105% Jan. 108% M ay
MILLakoSh. A W —lst,6g .l92 1 M A N 130%b. 129% Jan. 132% Apr.
49% Feb.
Gen. 2-3-43, g old ............ 1943 A A O i 44 b. 43% Apr.
Feb. 1 1 5 % May
Exton. A Imp., 5 g .......... 1929 F A A 114 b. I l l
West.Un.TeL—Col. tr. 5S-.1938 J A J| 108
105 Feb. 108 Feb.
M nn.ASLL.— la tco n .5 s,g.l9 3 4 M A N 101 b. 96% Jan. 103% Apr.
Wlso. Cent. Co. 1st 5 g ....... 1937 J A J t 34% ll 31 June it46 Feb
93
86 Jan. j 94 Feb.
Mo. K. A E.—1st 5s. g.. gu. .1912 A A O !

Sore.—“ i

IUdloates price b id ; " a” price a sk ed ; the range la made up from aotnal sales only.

* Latest prioe tills week,

t Trust reoelpts.

NEW YORK STOCK EXCHANGE PRICES—(Contlnaeil).—TJ\T.407TKE' B O N D S -J U N E 19.
8ECUR ITIES.

Bid. 1Ask.

SECURITIES.

Quit. & Ohio—5s, tfoM............. 1925
Railroad H o a d s ,
: Con*, mort., gold, 59............ 1988
( fllock Excha nge P rices.)
W Vu. Sc Pitts.—l* t ,g ., 00.. 1990
B. A O . 8. W., 1st. g .,4 ^ 3 ... 1990
Alabam a Mid. —1st,g., guar. .1928
Mnrmn.
Klvcr, 1st, g., g. 5a..1919
Ateli. TOMkA A San Fran.—
Chicago A St. Loti.—1st, 6a. 1915 ....... j......... j! Ceni’ lO hio Ueor.—1 s t ,4^ js.l930
Ak.&Ch.Junc.—Ist,g.59,gu
.l930i
Ool. Mid. 1st. tr..6a............. 1936
Atl. A PM .—2d w . D „ gu. 6a. 1907 .........1......... ; 1Brooklyn Elevated—2d, 5 a ...1915
rioaaltle
A
B.B.—lat,g
,5s,g
u
.l942
.........
l
j
Western Dlvlaio n Incom e.. 1910
Balt. A Ohio- 1st, 0*, Park B.1919! io 7 % ir o 8 11:Br’klyn Rap. TrAn.—uolil, 5a.l945i

Bid.

Ask.

93
101%
........
........
........
........
.........
50
.........
79^

90

80

SECURITIES.

B ld J Ask.

Brunswick & W’n—1st, g., 4a. 1938
97% 99
(Buff. Roch. A Pitts.—Gen. 5s..1937
125
Hoeh. A P., 1st, 6s................1921
• Rocli. & P itts.—O ons.lst,6s.l922
11812
Buff. & Susqueh.—1st, 5s, g ..l9 1 3 *05*1
Burl. Ced. Bap. & No. 1st, 5s. 19001 106 le 106%
Consol. & collat. trust, 5a.. 1934
Minn. A St. L.—1st, 7a, g u ..l9 2 7
.........
Ced. Rap. I. F. A N., 1st, 69.19201 i ‘0 5**
1st, 58.................................. 1921! 1 0 2^

THE CHRONICLE.

1130

[Vox.. LXII.

NEW iO iiK . STOCK. E X C H A N G E P f ilC E S .—IN ACTIVE BONDS—{Continued)—JUNE 1 9 .
SECURITIES,

B id.

Ask.

SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Ask.

Northern Pacific—
Svans. A Indian.—1st, o o n s ..l9 2 6
O.OM0—Ool. A C ln.M .lst,4**s.l939
Flint A P. Mara uette—
C. d’Alene—Gen. 1st, g., 6a..1938
95
96
Cent. KB. i Bank. -C o l. fC.5f.1937
M
ort.,
Sr.......
113
115
..........................
1920
40
Oent. Washington—1st,g.,6B.193S
Cent, o l N, J.—Conv. deb., 6s 1908
93
N orfolk A 8onth’n—1st, 5 s ,g .l9 4 ) 105 110
le t, con. gold, 5 s . . . . . ___ ...1 9 3 9
Cent Faolfic—Gold bonds, 6».1896 103
80
N orfolk A West.—
Pt. Huron D iv.—1st, 5 s ___193S
Gold bonds, 6 s...................... 1897j 103
General, 6 s ..............................1931 123
Fla. Cen A Pen.—1st g. 5a. ...1 9 1 8 103
Ban Joaquin Br., 6 s ..............1900 103
New R iver 1st 6s................. 1932 113
1st con. g., 5 b ..........., ...........1943 "81
Mort. gold 5s...................... ..1 9 3 9
Im p. A E xt., 6s...................... 1934
Ft. Worth A R. G.—I St g., 5 s ..1928 *53*2 61
Laud grant, 5s, g...................1900 •95
Adjustm ent M.. 7 s ................ 1924
Gal. Har. A San A nt.—1st, 68.1910
Cal. A O. Div., ext,, g. 5s. ..1 918 102
70
97*« i o T
2d m ort., 7 s ........................... 1905
Md. A Wash. D iv.—1st,g.5s.1941
West. Pacific—B onds,6 s___ 1899 103
Soioto Val. A N. E.—1st,4s,.1990 *82*s 82%
Ga. Car. A Nor.—1st, gu. 5s, g.1929
No. Railway (Cal.)—1st, 68.1907
'9 2 ‘
Ohio A Miss.—
Grand Rap. A Ind.—Gen. 5 s.. 1924
50-year 5 s.......................... 1938
CodsoI. 7 s .............................. 1898 105
Cues. A O.—Pur. M. fund, 6 s .1898 106 106*9 Housatonfc—Cons, gold 5 b— 1937 123 125
2d consol. 7 s ......................... 1911
92*s
N . Haven A D erby, C ons.5s..l918 113
raig Valley—1st, g., 5s-----1940
Hons. A T . C.—W aco A N. 7s..1903 125
Spring.Div.—Is t 7 s ..... ......... 1905
103*9
Warm Bpr. Val., 1st, g. 5 s ..1941
General 5s............................... 1932
1st g., 5s (Lnt. g td )............... 1937
0 :rs. O. A So. West.—1st 6s, g.1911
Cons. g. 6s (lnt. g td ).............1912 i o o " 102
Ohio R iver B B .—1 et, 5s.......... 1936
7d, 6 s....................................... 1911
100
Gen, g .,5 s ............................... 19 3 :
Debent. 6s, prin. A int. gtd.1897
Oh. V .—Gen.con.l6t,gn.g,58.1938
Debent. 4s, prin. A int. gtd.1897
Omaha A St. Louis.—1st, 4 s-.1937
Chicago A A lto n —S .F ., 6 s ___1903 *114*9
48
Illinois Central—1st, g., 4>...1951 110
Oregon A Calif or.—1st, 5s, g.1927
Louis. & M o. R iver—1st, 78.1900 112
1st. gold, 3*28...........'............ 1951 104
Oreg. R y A N av .—Col.tr. g..5s,191P *61
2d, 7 s...................................1900 108
Gold 4s........................ .........1952
111*3
Penn-P.C.C.ASt.L.Cn.g.4*s8A194o 1 1 0
St. L. Jacks. A C ?iie—Zd, 7s 1898 1071s
2-iO g\, 4 s .............................. 1904 *93 ICO
Do
do
Series B ......... 110
Mlss.R. Bridge—1st, s. f ., 6s.1912 *104*3
Cairo Bridge— 4s....................1950
OilO. Burl. A N o r.—1st, 5 s ....1 926 1038, 104*2
P .C .A 8.L .-lst,0.,7a................190(
Springf. D iv.—Coup., 6s___1898 *103 105*4
Pitts. Ft. W. A C.—1st, 7s...191S
Debenture 6 s..........................1896
2d, 7 s ....... ........................... 1912 240
Middle D iv.—R eg., 5s.......... 1921 *110
Cine. Burling. A Q.—5s, s. f ..1901 103
3d, 7 s.................................... 1912
Iowa D iv.—Sink, fund, 5 s ..1919 106
O. St. L. A N . O.—T e n .l.,7 e .1897
97*4
99
1st,
oonsol.,
7s.....................1897
1
lh.8t.L.AP.—1st,con.5s,g.
_. 193? 115
Sinking fund, 4 s ............
1919
89
Gold, 5s, o o u p o n ................ 1951
Clev. A P .—Cons., s. fd ., 7 s .1900 113
Plain, 4s...................................1921
98%
Memp.
D
iv.,
l
e
t
g
,
4
s.......
1951
Gen.
4*38,
g
.,
“
A
...........
1942
107*4
Chicago & Iow a D iv.—5 s ... 1905
*98*4
98 100
85
Ced. Fails A Minn.—1st, 7s.. 1907
St. L. V. A T. H .—1st, 6s., 7 s . 189
104
Cnic. A Indiana Coal—1st 58.1936
2d, 7 s.................................... 1898 104
Chi. Mil. A St. P.—1st,88,P .D .1898 108*4 lOQSg Ind. D. A Spr.—*l%t 7s, 1906, trust
2d, guar., 7 s........................ 1898
26
recta., e x bonds
21, 7 S-lOs, P. D ................... 1898 127*2 130
99*s 101
130*4 Ind. Deo. A IV.—1st, g., os___1935
G d.R .A I.E xt.—1st,4*38,G.g.1941
1st, 7a, $ g „ R .D ................... 1902
129
Ind. ills. A Iow a.—1st, g, 4s.. 1939
Peoria A Pek. Union—1st, 6s .1921 112
1st, I. & M .,7 s ...........
1897
129
2d m ortg., 4*33...................... 1921
1st, ext., g. 5s. ......................1943
73
I t, I. A D .,7 s .......................1899
Pitts. Cleve. A T ol.—1st, 6e... 1922
... ...
2C**
Int. A G. N’n.—3d, 4s, g ........1921
1st ,C. A M ., 7s.......................1903
Kings C o.-F .E l.,lst,5,g.,gu.A .1929
1st, I. A D .E x te n s io n ,7 s ...1908 133
Pitts. A L. Er.—2d g. 5s, “ A ” . 1926
I ll
Lake Erie A W est.—2d g .,5 s . 1941 100*3 103*4 Pitts. Me. K. A Y.—1st 6s____1932
1 it. La C. A D av., 5 s .......... 1919
104
80
N ortk’n Ohio—1st, gu. (458.1945
Pitts. Painsv. A F.—1st, 5s. ..1 916
1st, H .& D .,7 s ..................... 1910 127*2 130
65
90
L. S. AM .Sou.—B .A E .-N tW 7 a .’98 10 5
Pitts. Shen. A L .E .—1st,g .,5 s.1940
1st, H. A D .,5 s ..................... 1910 106*4
89
1st oonsol. 5 s . . . .................... 1943
Chicago A Paeiflo D iv., 6 s ..1910 119
Det. M. A T .—1st, 7s............. 1906 1 2 2
Pitts. A West.—M. 5s, g.1891-1941
Mineral P oint Div. 5e.......... 1910 10t) *2 109
Lake Shore—Div. b o n d s ,7 s .1899 107=8
32
0. A L . Sup. D iv., 5s............ 1921 107*2 110*3
Kal. A ll. A G. R .—1st gu. 5S.1938
P itts.Y ’gst’nA A .—1st, 5s,con .l927
Fargo A South., 6s, A fisu.,,1 9 2 4 113
R io Grande So.—1st, g., 5 s ...1940
Mahon’g Coal R R .—1st, 58.1934
66
St. Jos. A Gr Is.—2d ino.........1925
m o. eonv. sink, fund, 5s___ 1916
LehighV.^N.Y.—1st gu.g.4*28.1940 102
110
Kan. C. A Omaha—1st, 5 s ..1927
Lehigh V.Term .—1st gu. 5s,g.l941 110
Dakota A Gt. South., 5s___1916
Lehigh V ’y Coal—1st os,gu .g.l933
Mil. A Nor. m ain line—6 s ...1910 116*2 118
St. L. A. A T. H .—Term. 5 s ..1914 10 1 % 105*3
Ghic.ANorw.—30-year deb.5s. 1921
1Jtchf. Car. A West.—1st 6s. g.1916
B ellev. A So. 111.—1st, 8 s...x 8 9 6 102
B ellev. A Car.—1st, 6s......... 1923
Ssoanaba A L. S. 1st, 6 s ....1 9 0 1
Little R ook A M.—1st, 5s, g ..l9 3 7
Long Island—
Chi.8t.L.APad.—1st,gd.g.5s 1917 •100
D esM . A Minn.—1st, 7 s ....1 9 0 7
117
1st, 7 s ...................................... 1898 103*2
St. Louis So.—1st, gd. g. 4 s .1931
Iow a M idland—1st, 8s.........1900
87
91
do
2d incom e ,58.1931
Ohio. A Milwaukee—1st, 7 s .1898 107*3
Ferry, 1st, g., 4*ss................ 1922
Win. A St. P .—2d, 7s............ 1907
Car. AShaw*t.—1st g. 4 s ....1 9 3 2 *84
Gold 4 s.................................... 1932
118"
MU. A Mad.—1st. 6 b............ 1905
St. L. A S. F.—2d 6s, g., ol. A . 1906 115*3
N. Y . A R ’w ay B.—1st, g. 5s. 1927
42 k
General 5s...............................1931
Ott. O. F. A St. P.—1st, 53. 1909
35
2d m ortg., in e ..................... 1927
99% 100
1st, trust, gold 5s............... 1987
Northern HI.—1st, 5a......... . 1910
103
N .Y.AM an.Beach.—1st, 7s, 1897
Mil. L. S.&W.—Con.deb,,5S.1907 105
N .Y.B.AM .B.—ls t c o n . 5s,g.l9 35 101
Kan. City A 8 1st, 6s, g . . . 1916
Mich. D iv., 1st, 6s..............1924
Ft. 8. A V . B. Bg. —1st, 6 s . . . 1910 100
B rookl’nAM ontauk—1st,6s. 1911 116
131
Ashland Division—1st, 6s 1925
104
Kansas Midland—1st, 4s, g.1937
1st, 5 s ...................................1811
Oh.R.I.AP—D .M .A F .D .lst4s.l9 05 •87
No. Shore Br.—ls tco u .5 s ,g .l9 3 2
St. Paul City R y, oon . 5s, g ... 1937 *88
65
1st, 2 las.............................. .1905
Gold 5s, g u a r .........................1937 *88
Louis. Evans. A St. L.—Con.5B.1939 *31
Extension, 4 s .................... 1905 *83
St. Paul A Duluth—1st, 5 s___1931 112
Louis. ANash.—Cecil. Br. 7 s ..1907 104*2
Keokuk A Des M.—1 st,5 s .. 1923
105
2d m ortgage 5s.......................1917
115
E. H . A Nash.—1st 6s, g ___ 1919
Ohio. St. P. A Minn.—1 st,6 s ...1918 128*s 130
St. Paul SUnn A M.—1st, 7 s ..1909
Pensacoia Division, 6 s.........1920 106*3
St. Paul A S . C.—1st, 6s....... 1919 129*2 130
2 d m o rt.,6 s............................. 1909 118 119%
St. Louis D ivision, 1st, 6 s ...1921
Oilo. A W. Ind.—1st, s. f., 68.1919
Mlnneap. Union—1st 6s___ 1922
2d, 3s....................................1980
126
General m ortgage, 6 s.......... 1932 116*2 117*
Mont. Cen.—1st, guar., 6 s ..1937 117
Nashv. A D ecatur—1st, 7 s .. 1900 112
Ohio. A West. Mieh.—5 s.........1921
1st guar. g. 5 s..................... 1937 '101*3 02*«
S. f.,6s.—8. A N. A la .............1910
Cin flam . A D.—Con. s .f., 78.1905 119
East. Minn., 1st div. 1st 5 s .1906 106%
50-year 5s, g .,........................1937 *98 100
2d, gold, 4Jas..........................1937
99*2 100
W‘ ’ u «rA 8iou xF .—1st, g ,58.1938
Pens. A A t.—1st, 6s, g o ld .. . 1921
Cin. D. A I r ’n—lst.g u . 5s, g.1941 108
San Fran. A N. P .—1st, g., 5S.1919
Collat. trust, 5s, g ................ 1931 *100
102*3
Olev. Ak. A Ool.—Eq. A 2d 68.1930
Sav.Fl.AWest. -1 st, con.g.6s. 1931 l l o
J.L.AN. A M.AM.—Ist,g.,4*asl945
115
O.C. C. A S t. L.—Gen., g. 4 s .. 1993
84
86
85
Soutnern—Ala. Cent., 1st 68.1918 107 110
Nash.Flor.AS.—1st, gu., 5a. 1937 "75
Cairo division, 4 s..................1939
A tl. A Char.—1st, pref., 7 s ..1897
Kentucky Central—4s, g . .. 1987
88
8t.Lou.Dlv.—Istool.ts’t4s,g.l990
Inoom e, 6 s ..........................1900
92*2 93*4 Lou. AJeft. Bdge Co.—G u.g,4s. 1945
Spring. ACoLDiv.—1st,g. 4s. 1940
Colum. A Green.—1st, 5-6S.1916
Lou.N. Alb. ACh.—Gen.m.g.5s. 1940 *
71=6
WhlteW.Val.Div.—1st,g. 4s. 1940
n. V. A Ga.—Divls.Ss 1930 ’112*3
Memphis A Chari.—6s, g o ld .. 1924 ......... .......
Cln.Wab.AM.Dlv.—lst,g.4s,1991
92*a
B ioh.A Dan.—E q. s. f. g. 5 s .1909
Mexioan Cent. Consol.—4s, g.1911
Cin. I. St. L. A C.—1st,g.,4s. 1936
98 100
Deben. 5s, sta m p ed .........1927
1st, eons. Inoome 3s, g_____1939
C on sol, 6 s............................... 1920
V ir’a M id.—Serial scr.A , 6s. 1906
Mex. International—1st, 4 s,g.l9 42
Oin.8an.ACl.—C on.lst,g.5s, 1928 i o T
Series B, 6 s .......................... 1 9 1 1
Mexioan National—1st, g., 6s. 1927 ......... .......
Indiana B. A W.—1st, pf.7s.1900 108
Series C, 6 s.......................... 1916
2d, inoom e, 6s, “ A ” .............. 1917
*
Ohio ln d .A W .-lstp re f.5 B ..1 9 3 8
Series
D , 4 -5 s ......................1921
2d, Incom e, 6s, “ B ” .............1917
7*4
O. Col. Cin. A Ind.—1st, 7s,s.f.1899 108
Series F, 5s....................... ..1 9 3 1
Michigan Central— 6s...............1909 118*9
Consol, sink, fund, 7 s.......... 1914
Wash,O. AW.—1st our.gu. 4s.l924 *
Ooupon, 58............................... 1931 114
81
Cin. ASpr.—1st,GC.C.AI.7S.1901
____ ,
Ter. A s’n of St. L.—1st, 4*ss.l939 105
M ortgage 4 s ............................ 1940 106 108
Cleve. Lorain A Wh.—1st, o s .1933 •106
1st, con. a. 5s...............1894-1944 105% 106
Bat.C.AStrgis.—Ist,3s,g.gu .l989
Cieve A Mah. V.—Gold. 5 s. . . 1938 118
Minn.A St. L .- 1st, g. 7 s .........1927 140*2
S t.L.M er.B r.rerm .,g.as,gu..l93o
Del. Laok. A W.—
Texas A New Orleans—
Iow a E xtension, 1st, 7s.......1909 *____ 130
Mort. 7 s...................................1907
ls t ,7 s .......... ............................. 1905 108
Southwest E xt.—1st, 7s.......1910
Syra. Bing. A N. Y .—1st, 78.1906 *123*4
Saoine Division, 1st, 6 s....... 1912
Paoilio E xt.—1st, 6 s .............1921 119*3
Morris A Essex—1st, 7 s___1914
Consoi. 5s, g ..................
1943
140
M o.K .A T ex.—1st, ext., 5s, g.1944
95
Bonds, 7 s............................. 1900 114
M o.K .A T .6fT ox.lst,gu.58.g.l942
79" Tex. A Pac., E. D.—1st, g. 6S.1905 107 5g
78
7s o f 1871............................1901 115 115*2
Third Avenue (N.Y).—1st 5s, 1937 120*2
Kansas City A P ., 1st, 4 s,g .. 1990 *68*s 71
1st, com , guar., 7s.............1915 138 140
__ T> T.AO.C.—Kan. A M., M ort. 4s. 1990
Dal. A W aco—1st, 5s, g u .,,.1 9 4 0
82
78
SI
W arren-2 d , 7 s ................... .1900 111
Tol.P. A W.—1st 4s,ino.f’d.oou. J uly
M issouri P acific—Trust 5 s ...1 917
80
78
D. AH.Can.—Pa. Div.,ooup.7s.l917
ls t o o ll.,5 s , g ........................ 1920
Ulster A D el.—1st, oon.,6.,5s.192a * ____ 100*9
70
A lbany A Suaq —ls t .g u .,78.1906
Union Paoilio—1st, 6 s.............. 1896 103*9
St L.A1. M .-A rk .B r.,lst,7 s.l8 9 5
1st, eons., guar., 6a.......... 1906 117
1st, 6 s.......................................1897 103*2
Mobile A Ohio—1st ext., 6s...1927
116*3
Rens. A Bar. 1st, coup., 7S.1921 144
St. L. A Cairo—4s, guar....... 1931
1st, 6 s...................................... 1899 *105
Deny. Tramway—Cons. 6s, g.1910
Morgan’s La. A T.—1st, 6s___1920
Collateral Trust, 6s.............. 1908 *95
118
Metropol. Ry.—lst.gu . g.6s,1911
1st, 7s........................................1918
Collateral Trust, 5 s.............. 1907
130
Denv. A R . G.—Im p .,g ., 5 s ...1928
85
87
Nash. Chat. A St. L.—2d, 6 s ..1901
Kansas Paoilio—1st 6s, g . ..1 895 110
Dst.M. A M .—L. g. 3*»s,ser.A.1911
19
1st, 6s, g ................................1896 111
N. O. A. No. E.—Pr. 1., g., 6 s ..1915
Det. A Mack.—1st lien, 4s,g.. 1995
C. Br. U P - F . 0., 7 s.......... 1895
N. Y. Central.—Deb. g. 4s___ 1905 102*«
4s, gold .................................... 1995
N. J. June—Guar. 1st, 4 s ...1 986
Ateh. Col. A P ac.—1st, 6 s ...1905
32*9 40
D lluth A Iron Range—1st 5s. 1937 100 103
Beech Creek—1st, gold, 4 s .. 1936 107
Atch. J. Co. A W.—1st, 6 s ...1905
Erie—1st, extended, 7s.......... 1897 103%
U. P. Lin. A Col.—ls t .g ., 5s. 1918
Osw. A Rome—2d, 5 s,g .,g u .l9 1 5
2a, extended, 5s.....................1919 114
Utloa A Bl. R iv.—4s, g., gu.1922
Utah A North.—1st, 7s........ 1908
3d, extended, 4*28..................1923 105*2
Gold, 5 s................................ 1926 *95
N. Y. A Put.—1st, g., 4«. gu.1993 106
4ih, extended, os................... 1920 114*8
N. Y. N. H. A H .—1st, rev. 48.1903 103*3
Utah Southern—Gen., 7s ..1 909
67
65
5th, extended, 4 s................... 1928 100
Extern, 1st, 7s....................1909
N. Y. A Northern—1st, g. 5 s ..1927
65
67
1st, con., g „ P d, 7 s ...............1920
N. Y . Busq. A West.—2d, 4 *ss.l937 67
V alley R ’y Co. o f O.—Con. 6 s .1921
H. N. Y. A E.—1st, 7 s.......... 1916 m %
Gen. m ort., 5a, k ................. 1940
Wabash—Debenture, Ser. A ..1939
70
69
Sufl. A 8. W.—Mortg. 6 s___1908 • 102*2
Debenture, Series B ............ 1939 *24*2 *25*2
Wilk.A East.—1st, gtd., g .5s.l9 42
85
Jatlerson—1st, gu. e. 5s ....1 9 0 9 109*2
Northern I’ ao.—
Det. A Ohio. Ext. 1st, 5s, g .,1 9 4 0
99*2 100*3
Ooat & KR.—6s.......................1922 119*4 1C9%
James R iver Val.—1st, 6 s...1936
St L.K.C.AN.—8t.C .B dge6s.l90t
Dock A Irnpt.,lst 6s,eur’ oy.1913 107*2
Spokane A P al.—1st, 6s.......1936
85
West N.Y. A Pa.,gen.g. 2-3-48 1943 *4 4 " 45
E -nns. * '1 erre Haute St.Paul A N. P.—Gen., 6 s ..1923
Incom e 5s............................... 1943
13
1st, cons., 6s.......................... 1921 109*2
HelenaARedM ’n—lst,g .,6 s 1937 *27
West. Va. C. A Pitts.—1st, 6 s .191) 107 109
let, general, g., 5 a ................ 1942
DulnthAManitoba—Is l,g.6s 1936
Wheei.AL.E.—1st.
5s,
g
o
ld
...1
926
88
100
Mt. Vernon 1st 6 s ................ 1923
DuLAMan D ak.Div.—Ist6s.l93'.’
Extension A Imp, g., 5s.......1930
92*2
88
” 1. rv>
n * . „ _ 5q.......... 1930
Omar d’ Alone—1st.6s.gold .L 916
WIb. Cent, inoom e 5 s ...............1937 ........ 10
* S o p n eo F riday; these are the latest quotations m ade this week. F o r t f l s c e U a u e o u s a n d U n l i s t e d B o n d s - S e e 3d page preceding.

June 20, 1896.]

THE

Jmn-stment
ijailruatl Intelligence*

CHJtiONICLE.
R oads .

1181
L a test Gross E a rn in g s .

Week, o r Mo

1896,

1895.

Jan. 1 to L a test D ate,
1896.

1895.

AND

8

B u i l d s C h i c a g o . IM a y . . . .
3 .0 2 5
1 6 ,3 8 6
3 ,4 3 5
1 7 ,2 5 2
H o o s .T u a .v i; W u iM a r c h . .
1 ,8 5 3
9 ,3 7 3
1 ,-7 2 0
7 ,8 8 2
H o u s .ife T 6 x .O e n . M a r c h . .
2 3 9 ,5 0 3
7 2 1 ,7 7 8
2 8 7 ,1 6 0
8 7 4 ,5 0 6
H u m e s t ’n & S h e n 'M a y . . . .
8 ,8 0 0
5 1 ,8 0 0
6 ,6 0 3
3 9 ,0 1 8
I l l i n o i s C e n t r a l . jM a y , . . .
1 ,5 8 7 ,1 2 6 1 ,6 5 1 ,8 3 2 8 ,1 9 4 ,4 3 s 7 ,7 2 0 ,0 6 0
I n d . D c e .& W e s t . ;sa w b M a y
1 7 5 ,1 4 5
8 ,7 5 8
9 ,5 2 0
1 6 8 ,7 4 3
6 5 ,0 6 6
6 5 ,0 7 1
2 8 3 ,1 9 9
2 7 3 ,1 6 6
The following table shows the gross earnings of United I n d , H I. & I o w a . ; A p r i l............
o r t h ’ll 2 d w i r J u n e
5 4 .0 3 0
4 8 ,0 8 9 1 ,3 0 0 ,2 4 5 1 ,4 1 3 ,3 1 3
States railroads (and also a few Mexican and Canadian roads) Ii nI n. &t e rGoto. N
, ( M e x . ) ! W k M a y '2 3
4 9 ,3 0 0
9 0 6 .0 1 6
5 0 ,3 4 0
9 6 8 ,4 6 2
for the latest period reported. Tile statement includes every I o w a C e n t r a l . . . . 2 d w k J u n e
3 1 ,8 3 3
8 3 3 ,0 0 9
3 0 ,2 1 3
6 6 8 ,1 2 9
3 ,7 6 9
fcTBiM road from which regular weekly or monthly returns
2 0 ,5 0 3
2 1 ,5 3 0
4 ,4 5 8
i C W . A n r i l ............
2 9 ,5 5 0
1 1 9 ,4 8 2
3 2 ,7 6 1
1 9 2 ,8 8 2
can be obtained. The first two columns of figures give the JKaaent a. Tw. A
h a * M ioi, ;2 d w is J u n e
2 0 9 ,0 9 4
7 .9 4 3
1 0 ,4 7 4
1 9 3 ,4 2 1
gross earnings for the latest week or month, and the last two K .C . F .S c O t t vtM 1 s t w k J ’ n e
6 3 ,7 6 9
6 8 ,4 1 1 1 ,8 1 4 ,4 0 7 1 ,8 1 4 ,3 0 5
columns the earnings for the calendar year from January l to K .C . M e m . * B i r , : 1 s t w k J 'n e
4 7 3 .6 5 0
1 7 ,7 1 7
1 6 ,6 2 3
4 1 4 ,5 4 3
K
a
n
.
C.
N
,
W
.
.
.
.
M
a
y
______
2
0 ,3 8 4
1 0 5 ,4 1 5
1 9 ,3 3 2
9 3 ,3 1 2
and ncluding such latest week or month.
K a n .C . & B e a t . M a y ............
316
1 ,6 4 5
406
2 ,1 6 1
The. returns of the street railways are not included in this K . C . P i t t s . < fe G ..'2 d Ivk J i u i e
1 2 ,3 2 0
2 7 1 ,3 0 8
8 ,8 8 7
2 2 8 ,6 0 5
K a n .C . S u b . B e l t 2 d w k J u n e
1 1 ,1 1 5
1 3 1 ,9 8 9
6 ,3 5 8
9 7 ,4 5 7
K e o k u k «fe W e s t 1 s t w k J ’ n e
6 ,5 2 .8
1 7 1 .3 4 8
1 3 5 ,7 9 1
6 .4 2 6
L . E r i e A l l . * S o . M a y ...............
Latest Gross Earnings
Jan. 1 to Latest Date.
2 6 ,7 7 0
3 ,s 0 6
3 2 ,9 0 2
6 ,3 6 1
R o a d s.
L . E r i e A W e r th .O ii ivk J u n e
1 0 ,8 3 8
6 5 ,4 8 3 1 ,5 4 5 .1 0 9 1 ,5 3 7 ,1 5 1
1896.
L e h i g h * H a d . . M a y ..............
1Week o r M>/ X 8 S 6 .
1895.
| 1895.
3 6 ,6 9 4
1 6 4 ,2 7 2
4 1 ,2 9 0
1 8 3 .6 2 5
L e x 'g t o n S E a s t . A p r i l _____
1 9 .3 8 1
6 9 .0 7 0
1 7 .5 0 7
5 9 ,7 1 9
$
$
3 5 1 ,5 4 1
L o n g I s l a n d ......... M a y .................
$
*
3 6 1 ,8 7 5 1 ,2 7 7 ,0 6 3 1 ,3 0 9 ,4 0 1
A d ir o n d a c k ------ |A p r i l . —
1 4 ,7 3 ?
L
o s . A n g , T e r m . M a y ...............
1 1 ,1 3 1
6 1 . 1 9 * <1
6 ,2 5 2
6 7 ,5 0 0
3 7 ,5 2 1
1 1 .5 6 2
7 4 ,3 1 6
J U A .& t 'b O ilS a .- ! 2 *j w k J u m
L o u is . b v ,f e s t . L. o \w k J u n e '
2 2 ,8 3 4
2 2 ,9 1 3
6 0 8 ,8 8 ^ J
6 2 9 ,1 0 6
30,653;
6 5 3 ,9 6 1
2 7 ,2 4 7
6 0 3 ,2 3 6
A la . M i d l a n d ., A p r i l .........
4 2 ,7 5 3
3 3 ,0 3 b
2 0 3 , 7 3 .'*.
L o T d sv .ifeN a sh v . 2 i l w k J u n e ! 3 7 1 . 2 8 5
1 5 5 ,6 5 2
3 5 3 .2 7 0 8 .7 4 9 .9 3 8 8 ,2 4 0 ,3 8 9
A la . N . O . T e x . A ] M ae. J u n e
5 7 ,7 9 0 ;
L o u i s . N .A .& C h , .2,1 w k j i m e '
6 1 ,3 7 4 1 ,3 6 6 ,5 3 8 1 ,3 0 3 ,7 7 6
N . O rL
N . E ( M a y . .........
9 7 ,1 4 :
L o u . S t . I . . A T e x . M a y .............. !
0 5 ,0 0 1
5 3 0 ,2 * >
3 8 ,2 6 4 ;
5 2 1 ,3 2 2
1 8 1 .6 S 5
3 2 ,8 3 8
1 5 7 ,5 3 7
A l a . A V Jo k s o 'M ,iv . . . . . . !
3*2 ,9 9 1
M a co n A B l r m . . A o r il
2 1 4 .0 7 -J
2 ,5 4 7 !
2 0 ,2 9 5
5 ,6 1 6
2d - ,1 4 8
2 4 ,6 3 8
V lc k is .S h . Sts P M a y .............
4 5 ,2 3 l
3 8 ,5 7 9 ;
2 1 4 ,0 1 I
M
a n is c iq n e ........... M a y .................
1 0 ,5 1 5
1 5 ,5 7 0 ’
5 2 ,9 3 7
2 0 7 ,1 9 3
5 5 ,1 5 6
A ll& g A e n y V a i . j A p r i l ............
1 9 3 .1 2 *
2 0 6 ,9 5 5
1 6 ,7 4 7 ;
7 5 4 ,9 3 c
7 4 5 ,9 * 2 3 • M e m p h i s * C k a a . 1 s t w k J ’ n e
1 7 ,1 2 9
A n n A r b o r . ......... *2ii w k J a m
2 1 .6 2 t
5 P 2 ,i is
• 2 0 ,6 3 1 7 5 .2 2 3 ! 1 7 4 , 2 2 5 4 , 4 4 2 , 9 8 5 4 , 2 0 2 , 7 0 1
4 5 8 , 9 9 6 } ( M e x i c a n C e n t .. 2 d w U J u n e
A r t * M i d l a n d . . i A p r i l ...........
S .0 7 C
0 .5 7 7
2 9 ,6 0 3 , 1 4 0 j M e x i c a n I n t e r 1! A p r i l
2 3 9 ,4 9 s , 2 1 8 ,0 0 1
9 8 1 ,9 6 5
8 5 4 ,1 0 8
A te n . 1 A a . i-*fs • A p r il........... 2 ,2 0 3 ,2 7 0 ( 2 ,3 3 0 , 3 9 3 • 3 , 1 7 1 , 5 4 !
( M e x , N a t t o n n i. 2 4 w k j i m e
8 1 ,9 4 8
8 6 ,4 8 5 2 ,1 4 9 ,8 9 7 1 ,9 6 2 ,4 7 8
8 ,9 6 3 ,3 8 3
A tla n ta A C h ar,
1U 1 ,4 6 2 ; 1 1 8 , 2 6 7
M e x .N o r t h e r n ... A p r i l ............I
5 9 ,0 6 1
4 8 9 ,4 8 b
2 8 6 ,7 3 0
4 9 2 .7 8 6
5 8 ,9 4 8
2 0 7 ,1 2 6
A & « n t a * IV. P f A p r il — . .
1 7 2 ,6 U
tM o x le a r f i ’w ay W s M a y 3 0
3 5 .1 8 6 1
3 2 .8 1 1
5 2 ,5 7 6
6 3 ,7 1 0 1 ,3 1 0 ,5 9 2 1 ,4 8 9 ,2 0 5
1 3 0 .5 7 8
A l l a n . A DfctfiV. |i t t wkJ’ m
9 ,6 4 4 1
1 4 .4 5 4
M e x i c a n S o ..........3 d w k M a y ,
2 3 5 ,3 0 7
2 0 6 .5 3 0
8 .7 7 5
1 0 ,1 5 5
2 3 0 ,0 3 7
1 9 1 ,2 4 5
A tla n t ic - A P act I l a t w k J ’m.
9 2 .7 3 2
9 3 .0 2 8
M in n e a p .A S t .L . 2 d w k J u n e '
3 7 ,6 8 6
8 0 7 ,6 5 8
7 5 5 ,1 0 1
3 7 ,7 2 8
AugOMtmS o n t* el
7 1 ,3 5
8 ,1 9 7 !
3 ,3 3 1
i j.a u Y ]
4 4 ,7 9 1 1 .3 9 2 .4 9 6
6 , 8 7 3 ! M . S t .P .if e S .S t .M . 1 s t w k J ’n e
9 4 9 ,5 1 9
A n a i t s A Wwm&i
1 0 .0 1 s
1 9 .2 7 5
M o. K a n . * T e x . 2 d v rk.l im e ! 1 7 3 , 1 3 8
5 .4 ,0 3 1
1 9 1 ,0 1 3 4 ,7 8 1 ,9 2 3 4 ,7 4 1 ,4 9 0
4 8 ,8 0 9
BaXt£)hmM A tL (51 a y . . . . . . .
4 3 ,3 9 0
4 6 .6 0 0
M o J P a & M c o n M 2 d w fc J im e ; 3 8 9 , 0 0 0
1 3 0 . Mil
15 i,579
3 6 6 .0 0 0 9 .3 1 9 .0 0 0 9 , 4 4 " , 6 8 8
I I , AOaEifcS'i L in e ?
1 , 3 8 5 ,8 7 7 ( 1 ,2 2 9 ,2 1 9
C e a ts a L B r ’oli. 2 d w k J tm e J
3 0 7 .0 0 0
1 3 ,0 0 "
1 , 3 4 5 ,8 7 7 1 , 2 2 9 ,2 1 9
9 ,0 0 0
2 4 2 ,5 8 3
W e s t e r n L in e ?
i 4 4 3 ,0 6 8
4 6 9 ,2 1 6
T o t a l . , ........... ; 2 4 w k J t i n e 1 4 0 2 , 0 0 0 : 3 7 5 . 0 0 0 9 . 6 2 6 . 0 0 0 9 , 6 8 5 , 2 7 1
4 4 3 ,0 6 8
469/216
T o ta l... . . . . . .
1 .8 U 6 .4 1 6 1 . 7 3 7 J 1 9 2
M o b ile * B t r m . . ' l s t w k J ’n e
1 1 8 ,5 4 5
4 ,4 0 6
4 .3 2 9
1 1 6 ,3 0 4
[2*1 w k J mi*..
1 2 1 ,7 8 3
1 1 0 , 7 8 3 2 . 6 0 6 . 2 9 3 2 , 7 4 5 , 5 0 0 j M o b i l e d ; O h i o .. ! M a y .............. i 3 1 4 , 5 3 9
2 9 1 ,8 7 0 1 ,4 6 6 ,6 2 0 1 ,3 4 8 ,4 3 8
B a n g o r& A ro o st. j A p r i l . . . . . . !
6 8 ,2 4 0
iM o n t.A M e x .G tf. iM a v .......... J
7 0 ,9 0 9
2 8 7 ,5 1 2
4 7 4 ,7 4 9
8 8 ,6 8 2
1 0 1 ,7 4 6
5 3 2 ,5 3 0
B a t h A H a m * m l* ‘ A p r i l ............
1-3-48
3 9 2 ,8 5 9
1 ,9 3 2
7 ,3 8 4
S a g h . 0 h . A 8 t L . L M a y . ............
7 ,0 7 2
3 8 8 ,0 8 6 2 ,0 5 3 ,7 6 8 1 ,8 9 3 ,5 6 3
B t r . A A t l a n t i c , . . [M a y ______
1 ,6 7 9
N e v a d a C e n tr a l. M a r c h .
1 .3 3 2
2,059
5 ,6 9 7
8 ,8 8 8
1,909
6 ,6 5 4
5 ,4 0 8
B r o o k l y n E \ m . , ;S » E STJRBB T B a i L W AT t t S T .
X e v .U ’y N a r .G g e A p r i l ............
2 9 ,3 6 6
7 ,9 3 5
8 ,0 7 5
2 7 ,9 1 0
B r u f i« w * x A W « -i . A p r i l . . . . . .
4 1 .8 8 5
N . J e r s e y A N . S'. M a r c h .........
7 3 ,4 9 7
4 4 .8 9 7
1 8 7 ,0 2 7
163 597
7 1 ,3 0 3
B a d . B o c a , A? P i it Md w It J am>
7 0 ,1 1 2
N. Y . C . & H . R . , M a y .
3 , 7 0 4 ,(5 8 0 3 , 6 0 8 , 0 8 6 1 7 , 4 0 1 , 1 3 9 1 6 , 8 9 4 , 1 1 3
0 1 , 1 1 7 1 , 3 3 5 , 7 7 5 1 , 2 7 6 ,4 1 7
B i i & l o A S u a c i..
N . Y . O n t . & W .. 12 d w k J u n e
8 2 ,3 5 3
4 0 ,4 0 8
3 1 ,5 1 0
7 5 ,8 2 7 1 .5 2 2 .4 9 7 l , 5 2 0 ,r 9 9
B a r . a H a f - A 5* f l a t w k J ’u e
N. V . < u » u , * W . . A p n i ........... ! 1 7 0 , 0 1 2
0 7 ,0 6 4
7 8 ,6 8 8
6 5 8 ,9 4 3
1 , 8 3 9 , 5 1 5 1 . 5 0 8 ,9 5 9
7 2 4 ,1 5 7
1 7 3 .5 0 0
0 * m d * n A A t ! . A p r i l ......... ..
N o r f o lk * W e s t . 2 d w k j u u e 1 2 1 8 , 9 5 6
7 2 .1 I S
m,52t$
1 3 6 , 2 7 9 5 , 1 0 9 , 1 3 0 4 ,0 .1 2 ,3 8 4
2 0 1 ,8 5 5
1 9 4 ,0 8 9
C a n a d ia n jp&eitu* 2*1 w k J u im * 3 7 3 , 0 0
N o r t lic ’r n ( G a .) . A p r i l ........... !
3 3 2 , 0 9 * 8 / 2 3 3 ,5 6 2 0 . 7 3 3 , 3 7 1
3 ,4 4 7
2 1 ,8 7 0
1 8 ,3 9 1
3 ,9 8 0
O a r .M i .i U u n ___ M a y ...............
N o r t h ’n C e n t r a l A p r i l ........... 1 4 9 3 . 8 1 9
2 ,3 1 7
2,0 n
1 9 ,1 2 0
5 1 0 ,6 0 2 1 ,9 6 2 .7 6 3 1 ,9 9 8 ,1 2 7
1 3 ,8 8 9
C e n t , o f G e o r g ia A p r 1............
3 2 1 ,8 3 1
N o r th ’n JPaoU to l a t w k j ’n a
3 1 9 ,6 8 8
3 3 1 , 9 4 0 1 ,7 4 8 ,5 0 1
1 , 4 9 4 ,5 8 5
3 1 0 ,7 5 8 6 ,5 5 3 ,8 7 1 6 ,1 3 5 ,7 6 2
C e n tra ! o f S ' . J . . A p r i l . .. .. .
1 ( .2 9 1
O c o n e e A W e s t .'A p r i l . . . .
2 .3 9 9
9 4 7 , 8 0 * 1 ,0 1 3 .4 0 1 3 , 7 1 2 , 0 7 3
7 ,3 5 9
2 .2 4 5
C e n t r a l P a c if ic . A p r i l . . . . . .
O h io R i v e r ............2 d w k J u n e
2 2 ,2 8 1
3 ,0 4 0 ,0 5 2 3 ,7 0 9 ,9 1 0
4 2 6 ,5 9 3
1 8 .0 3 4
3 1 1 ,1 1 3
9 5 0 , i 6 3 f 1 ,0 7 2 .0 8 1
CSuuv OL A Sank., A p r i l ___ _
O h io R iv .& C h a s A n i i l ...........
1 1 .8 9 9
6 6 ,9 7 7
.> ,4 8 3 }
3 .8 8 8
1 7 ,7 1 0
5 9 ,5 2 7
1 5 .1 2 0
1 5 ,0 7 8
O a » n « M fn A » » i A p r i l . - , .. .
4 5 ,2 9 0
O h io S o u t h e r n . 2 d w k J u n e
1 4 ,1 3 3
3 9 .9 9 0
339 016
9 .4 2 1
3 1 1 .6 1 5
2 2 3 ,0 2 8
193/ 253
G h ee. A O h i o ..., 2*i w k J u a e
1 7 8 ,7 0 0
O r e g o n I m p . C o. j A p r i l ............
2 8 1 .5 0 1
1 7 9 .9 0 6 4 ,5 3 8 ,8 3 7 4 ,1 7 5 ,1 5 7
2 5 4 ,7 7 6 1 .0 3 0 ,8 5 5 1 ,0 0 4 ,2 2 1
C ta > e .O .A S o .W . M a y ..............
F a d l i o M a l l . . . . A p r i l ............
3 1 7 ,8 8 9
1 7 9 ,2 0 1
3 8 5 ,3 8 1 1 ,3 1 7 ,2 1 7 1 ,4 5 8 ,1 9 4
1 9 4 ,5 9 5
9 ' 8 ,3 4 7
9 0 8 ,0 8 4
C h ic , tSUT ,( £ « . ,( A p r i l . ___ _ 2 , 5 1 1 ,7 5 8 2 , 4 7 7 . 5 0 9 1 0 , 4 1 5 ,9 2 1 9 , 5 6 0 , 1 8 4
P e i m s y i v a n i a .§ A p r i l ............ 5 , 1 3 2 , 2 7 2 5 , 2 0 5 , 4 7 2 2 0 , 0 2 6 , 1 0 9 1 9 , 4 3 6 . 1 0 9
O M c, A B a n t* l b 2 u w k J n u «
3 7 7 ,4 8 6
P e o r l a D e o A E v . 2.1 w k J u n e
1 6 .3 3 3
6 7 ,5 0 2
1 5 ,3 2 0
3 9 7 ,9 0 9
6 8 , 5 8 4 L . 7 2 8 .3 0 7 1 , 5 9 9 , 0 3 5
O M o. G t . W e s t 'll U t w k J* a ©
5 3 ,3 7 3
1 9 4 ,8 1 2
8 1 .8 1 5
4 6 ,9 0 7
1 6 8 .2 7 0
6 8 , 1 8 9 1 , 9 7 4 ,3 1 5 1 ,1 * 2 4 ,0 1 7 1 P e t e r s b u r g ........... A p r i l ..............j
C h l c .M l i . A S t . P . 2 d w k J tuus
3 1 3 ,7 2 3 1 ,1 5 7 ,1 1 2 1 ,0 9 4 ,4 1 4
515,4 0 3 5 2 3 , 1 5 8 1 3 , 1 8 5 ,3 1 4 1 1 , 3 3 7 , 9 3 0 | P h i l a . A E r i e . . . A p r i l ............i 3 4 5 . 7 2 7
O h i o . * J T 't iiw 'n . A p r i l _____ 2 , 4 1 0 , 6 3 0 2 , 1 3 6 , 2 5 6 » 3 8 8 . f ) 7 t 8 , 1 7 4 ,1 4 1
P h i l a . A R e a d ’g . A p r i l ........... : i , 5 9 1 , 5 0 8 1 , 6 4 9 . 0 3 0 6 . 2 2 4 , 8 6 9 0 , 3 4 8 , 7 1 2
O d ic . A N o . P a r . A p r i l ___ _
C o a l A i r . C o . . . A p r i l ........... 1 , 4 0 3 , 9 6 3 1 , 6 7 3 ,1 5 5 6 , 3 6 5 . 5 0 3 7 , 1 9 0 . 1 3 0
6 3 ,8 0 7
6 2 .5 9 3
268/228
2 4 7 ,7 0 1
O M o. JB m m K A jl . l » t w k j ' a e
T o t a l b o t h C o s . A p r i l ........... 2 , 9 9 5 ,4 7 1 3 , 3 2 2 . i s 5 1 2 , 5 9 0 . 3 7 2 1 3 , 5 3 8 8 4 2
1 4 .2 2 6
1 0 ,9 3 7
3 7 8 ,a 0 6
C h lc .R ’ k i . * p . . M a y ............... 1 , 2 0 1 .2 4 2 1 ,1 0 7 ,2 1 3 5 , 9 3 s , 3 9 -J 5 , 6 3 8 , 3 6 7
lb R e a d . , * N .K . A p r i l ............|
5 2 ,3 3 6
2 1 0 ,6 3 5
5 5 ,3 7 3
2 1 8 ,5 0 9
C n J e . S t . B . M .& c . A p r i l ...........
P i t t s .O .C . & S t .L M a y .............. ' 1 , 2 1 7 , 8 3 4 1 , 1 8 9 , 9 0 6 6 , 0 4 4 , 6 9 0 5 , 7 4 3 , 4 1 8
5 0 6 ,2 7 3
4 6 0 ,3 4 8 2 ,2 0 5 ,5 5 8 1 ,8 9 7 ,3 3 7
OM o- 4k H . M ic a 2 *t w k J u n e
1 7 .2 4 0
P i t t a . M a r . A O h .i M a y ...............
3 .3 5 5
1 6 ,9 9 4
2 7 ,7 6 0
2 8 ,9 7 5
6 5 4 .1 2 9
3 .2 7 8
7 0 8 ,9 4 9
C l n . G » . A P o r t » M a y . ............
2 7 5 ,2 8 0
1 6 ,8 1 4
P l t t .8 b e n .i f e L .E .i 2 d w k J u n e
5 .1 4 5
1 4 ,9 1 9
24/ 203
2 3 8 ,8 5 3
2 3 ,7 8 1
5 ,2 5 8
C U i .J a c k .& M * c . 2*1 w k J u n e
7 2 2 .1 0 0
I t tu b . & W e s t . . 2 d w k J u n e
3 8 ,2 7 0
6 7 9 ,8 4 5
4 1 ,7 6 6
1 2 ,5 5 7
1 0 ,7 7 3
3 0 6 ,8 8 3
2 5 1 ,4 5 8
C t * .N .O , C t T . P . M a y ...............
P i t t s , C l. & T 01 2 d w k J u u e
1 5 ,5 2 8
3 5 2 .2 6 0
2 6 3 ,1 0 5
1 9 ,1 5 9
3 5 7 .8 6 5
2 7 3 3 1 3 1 ,3 4 9 ,1 0 9 1 ,3 6 3 ,3 9 2
c t u - P o n s - A » . M a y .............,
1 3 6 .7 3 3
9 .6 2 9
P itts . P a . A P . 2d w k Ju n e
2 2 ,1 8 0
1 3 .6 1 2
1 2 3 ,7 3 4
2 1 ,1 0 5
1 0 9 ,5 7 6
9 8 ,8 s4
0 1 e v . C a n . A 8 o . . 1 s t w k J 'n e
T o t a l s y s t e m .. 2>1 w k J u n e
6 7 ,4 1 0
7 0 .5 5 4 1 ,2 2 5 ,1 9 9 1 ,1 7 8 ,1 5 7
1 4 .8 8 8
9 ,7 0 4
2 7 0 ,0 3 7
2 5 0 ,7 4 3
0 ( .C 1 n .C li,& S t .i 1 s t w k J ’n e
5 3 1 ,4 7 2
I t t . Y o u n g . a a . M a y ...............
1 7 1 .8 8 6
5 1 6 ,4 4 5
1 5 0 ,6 1 0
2 3 0 ,5 0 1
2 8 5 ,8 7 1 5 ,3 8 1 ,1 7 8 5 ,0 7 8 .1 3 6
Ill-saw II
f,
P e o . A E a s t’o. A p r il......
1 2 3 ,1 1 5
1 3 8 ,1 0 5
2 3 ,4 6 9
1 9 ,1 9 5
9 7 ,4 0 8
1 4 9 ,4 4 1
5 7 8 . 2 .2
5 6 0 ,4 2 7
O b L o r . # W h e e l. 2 d w k J u n e
2 3 7 ,0 2 5
2 1 ,3 9 0
6 5 ,3 2 9
2 2 1 ,6 4 1
5 9 ,1 1 2
3 3 ,5 2 1
5 9 8 , >23
5 0 8 ,1 2 6
C o L M i d l a n d . . . , M a y ...............
1 1 4 ,4 8 0
2 8 .3 7 1
3 1 ,2 6 5
1 0 3 .5 3 4
1 0 6 ,0 1 8
1 5 4 ,1 9 2
7 7 7 ,9 8 0
6 5 3 ,1 9 2
O o L H . V . & T o t M a y . _____
1 9 5 ,5 0 6
1 8 6 ,5 1 2
9 ,0 1 0
7 ,9 2 5
1 6 0 .2 6 4
1 2 4 ,8 4 3 1 ,0 2 3 ,9 4 7
8 7 4 ,8 3 5
O o i. BmiiVy A f i . I n i w k J 'n e
9 8 0 .8 6 2
4 4 .2 0 0
4 1 .5 0 0
9 2 7 ,2 1 5
2 9 2 ,1 0 9
1 5 ,4 1 8
8 .1 1 3
3 1 0 ,9 1 3
( M n a a # u * k ® , M a y ............ ..
4 0 ,6 2 5
8 ,5 1 3
4 5 ,1 8 2
9 .3 4 6
1 ,3 0 0
1 ,8 0 0
4 ,8 0 0
6 ,3 0 0
M a r c h ..
2 1 ,5 8 5
81 a r c h ____
8 ,5 9 1
7 .1 0 3
1 9 ,4 2 7
893
3 ,3 3 8
1 ,1 4 6
2 ,2 8 0
O e u n b r iM V a lm i! A p r i l ............
3 3 ,0 5 0
3 4 ,9 2 0
4 th w k M a r
3 2 2 ,9 9 1
3 2 2 ,1 0 8
6 1 ,7 8 0
2 4 9 ,6 4 9
6 0 ,0 4 5
2 3 0 ,7 6 9
’
O e a v . * R i o G r 2a w k J o n e
2 .4 7 9
March......
8 ,4 1 3
1 3 .1 5 6
4 ,8 7 9
1 4 7 .4 0 0
;
1 3 9 , 9 0 0 3 , 0 8 4 ,9 7 8 2 , 8 8 6 , 0 2 3
O e a S L A K a n , O. 1 s t w k j ’n o
4 8 7 ,7 3 2 1 ,9 3 1 ,7 6 4 1 ,8 3 7 ,8 0 0
4 4 8 ,4 2 4
A p r il...
2 ,0 3 7
1 ,4 4 3
4 5 ,0 9 1
3 5 ,8 5 5
D ea M . M. St. W . M a y , . . . . . .
7 0 ,9 0 0
8 1 ,3 0 0 1 ,9 9 9 ,0 9 0 2 ,1 2 6 ,6 5 3
2d w k Ju n e
3 1 ,1 6 5
1 7 7 ,1 6 6
1 2 2 ,3 6 4
2 8 ,1 5 5
O e b L a n a 'g A N o . 2 d w k J u n e
5 0 0 .4 0 0
M a y ...............
1 0 0 ,2 3 0
4 8 6 ,2 9 8
1 1 7 .7 9 2
2 1 ,1 3 9
1 9 ,6 9 2
4 8 3 ,4 3 4
4 8 9 ,0 5 5
X>et. A Mag
' A p r i l ...........
5 5 0 ,8 2 1
A p r i l ............
6 2 4 ,0 4 3
1 6 0 ,9 7 5
1 5 3 ,1 5 2
4 4 ,9 0 4
9 3 ,3 0 4
1
2 3 ,8 0 3
1 7 5 ,9 4 2
2 7 1 ,3 7 4
6 8 ,9 4 1
D u h u h .* !..8 .* A ti. l e t w k J ’n e
2 8 1 ,1 7 4
7 8 .3 9 5
Mav.........
4 7 .7 8 4
4 4 ,7 3 9
8 4 1 ,2 .5 4
7 6 3 ,0 2 9 ■ !
S l g l n J o b A E a a i M a y ..........J
2 8 6 ,0 6 2
2 6 1 ,4 6 3 1 ,1 5 3 ,3 4 3 1 ,1 1 5 ,1 7 4
A p r i l ...........
9 8 ,5 -0
5 4 3 ,3 4 5
9 1 ,3 1 3
4 5 6 ,9 7 9
1 0 8 ,9 7 0
2 1 ,0 7 2
r J b ...........................
2 3 ,3 3 5
M a y ...............
1 3 6 ,8 9 9
2 ,3 8 9 ,8 5 0 2 ,2 6 4 ,0 8 0 9 ,2 8 8 ,8 6 6 8 ,8 0 2 ,7 1 0
Eur&km S w ln g a . M at-eli
4 8 ,1 9 3
4 2 ,7 3 0
1 7 ,5 1 8
1 7 ,7 5 1
March......
5 ,1 8 0
5 ,4 8 1
1 4 ,5 7 8
1 1 .4 0 3
6 .3 0 0
1 .0 0 4
UvmmMm&wm- 2*1 w k J u n e
6 ,3 0 0
J a n u a r y ...
1 ,6 0 4
4 ,6 2 5
1 2 7 ,9 3 4
1 2 5 ,6 1 0 1
4 .5 9 5
R v a n a * K lo n . ( a t w k J 'n e
6 ,7 1 9
1 ,4 1 4
1 ,5 3 6
5 ,4 9 3
3 ,6 9 9
4 4 ,1 9 1
M a y ...............
2 ,4 1 7
4 2 ,9 8 0 t
• v a n a v . A T . U 2d w b .lim e
■ 1 8 3 ,7 8 0
4 4 2 ,9 4 9
1 8 ,1 * 8
1 9 ,7 7 4
P U e b b a r g .............. A p r il ___ _
G a l .H a r . A S . A A p r i l ............
3 7 9 .3 6 8 1 ,6 6 6 ,7 6 3 1 ,5 0 4 ,1 6 3
4 1 2 .8 1 1
0 0 0 .1 2 7
5 7 5 ,8 3 8 2 .2 7 6 ,1 4 7 2 ,1 5 5 ,9 4 5
3 1 7 .9 7 1
8 6 ,0 7 4
6 7 .7 4 2
F l i n t tie Jr. M a ry . t a t w k J ’n e
3 8 7 .4 5 1
L o n i s ’a W e a t ., A p r i l ............
4 8 ,2 6 6
4 5 ,2 6 3 1 ,1 7 4 ,8 3 0 1 ,0 6 0 ,4 4 0
M o r g a n ’g L & T . A p r i l ............
4 3 6 ,2 5 6 1 ,6 5 1 8 6 3 2 ,0 5 3 5 1 4
3 4 5 ,6 0 6
f U b C e n t. A- P e n L*t w k J ’n e
4 1 ,0 2 2
4 4 ,8 4 9
9 1 2 ,6 8 1
9 8 3 ,7 4 6
N .Y .T . A M e x . A p r i l ............
6 4 ,0 8 5
2 7 ,8 3 6
2 1 ,5 4 0
P t . W 't i i .t l je n .C . A p r i l ........... 1
8 2 ,5 8 3
3 4 5 ,5 5 8
8 3 .5 7 3
2 9 4 ,0 J8
7 0 ,9 1 3
5 4 9 ,7 3 3
4 4 3 .3 3 7
R A W . A R i o O r M a y , .........
T e x . & N . O r l . . A p r i l ............
1 3 7 ,4 0 8
1 0 7 ,3 8 6
1 6 ,5 5 2
1 4 9 ,4 2 0
3 6 .9 4 3
1 3 4 ,8 1 8
9 6 4 . 2 1 1 1 , 0 8 9 ,1 6 1 4 . 1 0 3 . 7 3 7 4 , 8 8 1 , 6 8 4
A t l a n t i c e y s .6 . A p r i l ...........
G a d * . * a w . U . M a i*.............. ’
959}
4 ,3 7 4
3 ,3 2 8
867
t i e o r s r ia S R .......... •U itw kM ay j
P a c i f i c s y s t e m A p r i l ............ 2 , 4 s 7 . 4 7 5 2 , 5 3 4 .1 0 1 9 8 3 8 , 7 6 5 9 5 3 4 , 3 4 6
2 5 ,6 2 9 }
0 0 6 ,0 6 1
4 9 5 ,9 9 6
2 8 ,9 1 0
1 8 9 ,4 7 1
G e o r g i a & A l a . . Lkt w k J ’n e
T o t a l o f a l b e A p r i l ............ 3 , 7 1 9 ,5 7 4 3 , 9 4 0 . 8 5 2 1 5 , 1 0 0 ,9 2 6 1 5 4 5 2 , 4 8 7
2 3 4 .7 0 C
1 5 ,5 1 2 1
9,5971
8 2 6 ,2 5 8
S o . P a o . o f C a l A p r i l ...........
8 8 8 ,0 4 6 3 ,2 8 6 ,9 9 6 3 .1 1 3 ,1 5 9
0 a .tS s P la A .N o , A pt U . . . . . . f
4w ,74.3j
2 4 4 ,6 5 0
5 1 ,3 0 5
2 8 6 .8 6 8
7 9 0 ,3 0 7
8 2 7 ,4 1 2
1 7 2 ,0 2 7
1 8 5 ,0 9 1
G e o . S o . A F I * . M a y ...............
S o .P a o .o f A r iz A p r i l ...........
3 5 6 .3 0 4
3 2 0 ,0 1 5
7 0 .3 5 7 }
6 7 ,1 9 2
4 0 4 ,9 2 7
356 337
95 142
H a p . ac I n d . 2*1 w k J u n e l
S o .P a o .o f N .M A p r i l ............
8 8 ,8 4 8
8 8 6 ,1 5 9
3 8 ,0 5
8 8 0 ,9 4 3
3 7 ,3 6 6
5 5 7 .7 4 2
O ls .H .4 s F t .W
0 2 5 .5 3 4
1 3 1 ,3 7 9
1 6 1 .1 6 3
N o r t h e r n B y . . A o r i l .........
2d w k J u n e !
1 9 1 ,1 3 6
8 .1 7 4 !
1 9 3 ,9 6 8
8 ,6 8 7
3 2 3 ,4 2 2 8 ,0 1 2 ,3 4 9 7 ,7 0 7 ,5 7 7
3 0 3 ,3 8 1
T r a v e r s e C it y id w k J u n e !
2d w k Ju n e
3 .0 6 7 '
2 0 .2 5 1
1 9 ,7 0 5
598!
M u o .O . K . * I id w k J u n e !
4 9 ,3 0 5
8 1 ,0 6 8
1 6 ,1 3 0
2 9 ,2 8 5
M a r c h .........
5 7 ,1 0 4
5 3 ,8 4 0
2 f1 2 *|
2 ,4 8 0 1
T o u a il lia « r id w k J u n e :
2 0 4 ,5 3 7
2 0 3 .4 7 4
M a r c h .........
7 8 ,1 1 8
6 7 ,0 8 0
4 9 ,0 8 7 ;
4 9 ,4 7 5 ; 1 ,1 4 9 ,4 9 2 1 , 1 - 3 .6 7 3
4 ,8 9 2
B r a n d T r a n k . . . 2d w k J u u e j 3 3 8 . 9 6 0
5 ,0 8 9
1 ,6 0 2
1 ,6 1 9
A p r i 1............
3 3 6 .8 1 3 7 ,5 1 5 ,6 0 i i 7 ,3 5 0 ,4 7 3
3 9 7 ,6 .2 6
3 2 5 ,5 3 2
8 2 ,6 9 3
q h l c . A O r . T r id w k J u u e j
A p r i l ............
1 1 3 ,0 1 7
0 1 .2 3 2
5 2 ,1 4 2 ] 1 , 4 6 7 , 7 5 6 s 1 , 2 1 2 , >53
303 746
3 1 .5 1 4
77 390
H e * G r.H M t M id w fe Ju n e l
2 5 4 .8 ,i7
1 9 ,1 4 2 }
4 0 0 ,2 1 2
L y k . V a l . C oal A p r i l ............
1 7 ,0 8 2 ,
3 8 6 ,8 8 5 ;
________
I W I bOtll 1’O'- A p r i l ............
6 5 2 .4 3 3
6 2 9 .2 7 8
1 6 0 .0 8 3
C 3n .Sag *& M iU * id w k J u u e j
1 4 4 ,5 6 L
2 ,0 2 5 1
3 ,0 5 9
6 0 ,8 5 1
................ '
1 9 ,6 4 8
1 8 ,2 6 2
T o L 8 . <k M il» k .; 2d w k J u n e
M a r c h .........
6 2 ,8 3 8
1 ,1 9 9
1 ,6 3 6
B r e a t tturth’ u 9 0 0 9 4 2 ,6 3 8 ,4 0 9 2 ,8 7 6 ,3 4 0
9 1 .7 7 1
2d w k Ju n e
1 0 ,0 5 6
3 ,3 1 9
1 ,9 8 4
M a y .............. . ,1 2 0 , 4 4 5 1 .0 0 2 ,6 0 8 1 4 , 0 8 3 ,0 0 5 ! 4 , 1 3 9 , 1 9 4 1
A p r i l ...........
8 t .P . M . A M
14 499
778 612
2 9 ,6 6 9 '
2 6 .4 2 3
B a a t o f M in n .. M ay .......... .... j 1 4 3 , 8 0 2
1 0 1 ,5 5 5
6 0 9 ,9 6 1 1
4 3 8 ,0 0 6
669 708
2d w k Ju n e
4 1 9 .1 0 2
1 5 ,5 3 1
4 0 6 .2 6 6
1 9 ,5 9 8
M o n t a n a C e n t , , M a y ................ 1 6 0 ,3 7 1 1 1 2 1 ,1 3 8 1
7 7 5 , 1 9 1 ! 6 0 3 ,4 7 8
1 s t w l t j ’n e
3 1 .4 3 9
44 312
T i f t , *V«tMrn, l M ay ,
1 . 4 3 0 .6 7 8 1 . 2 3 1 . 3 0 11 0 . 3 7 * . 1 5 7 1 5dw CU'/?«
7 3 6 ,0 6 j
8 7 0 .2 5 0
2d w k Ju n e

RAILROAD

|

EARNINGS.

1

THE CHRONICLE.

1132
L atest Qross E a rn in g s

R oads .
Week o r Mo

1896.

1895.

J a n . 1 to L a test D a te.

1896.

1si week o f J u n e.

1895.

$
9
s
9
103,392
98,860
30,446
31,982
Ulster & D e l.... A p ril.........
Union Paoiflo—
988,358 1,083,3-14 3,923,061 4,069,781
Un. Pao. R R . A p ril........
O c.S .L .& D .R A p ril......... 4-14,780 389 049 1,604,226 1,381,803
186,108
53,243
44,915
197,327
8t.Jos.*Gd.Ie. A p ril........
23,213
33,147
10,98
5,056
Kan.C.*Om A p ril.........
272,440
13,470
263,607
12,318
Tot.8t.J.&G.I ist w k j’ne
233,934
13,000
9,000
297,338
OentuBr.........o 1st w k j’ne
A chX ol.& P . > A p ril.........
89,009
24,649
21,003
97,027
Aoh.J.C.A WJ
181,84(3
228,919
45,445
59,98'
C en.B r.*L ’d£.. A p ril.........
6,242.277
6,411,042
A
p
ril........
1,652,416 1,664,761
GFd total.'c
879,066
921,45.
U .P a o .D .& G ... A p ril......... 239,3 >6 210,258
W abash............ 2d wkJune 226,962 223,3(>6 5,304,9 ?1 5,163,872
77,44
16,802
75,595
15,850
W aoo & Northw A p ril........
390,5 b l
124,394 117,167
413.804
West Jersey....... A p ril.........
403,327
88,658
472,374
97.655
W. V.Cen. A, Fitte May..........
86,156
74,258
29,414
30,119
West Va.&PittB M arch.......
179,359
156,425
38,389
35,810
Western o f Ala.. A p ril.........
98,737
92,35-i 1,298,187 1,248,453
West. Maryland. December.
61,900 1,151,419 1,276,015
52,900
W eet.tf.Y. & Pa let w k j’ne
32,414
19,487
591,825
519,567
Wheel. <fe L. Erie 2d wkJune
96,160
97,181 1,714,303 1,654,979
Wisconsin Cent. 1st w k j’ne
33,039
39,724
5,771
7,963
Wrlghtsv.&Ten May...........
* Figures given do not include Oregon Ry. & Nav., Un. Pao. D e n v e r *
Gulf, Denver Leadville & Gunnison, M ontana Union and Leavenw orth
Topeka & Southwestern, a These figures include results on eased lines.
b Includes earnings from ferries, eto., not given separately. J M exi­
can currency, c Includes only half o f lines in w h ich U nion P aoific has
a half interest.
d Includes operations o f the Chic. B urlington & Northern in both
years.
$ Covers results for lines directly operated east o f Pittsburg.
e Includes results on affiliated lines.

Grand R a p id s * In d ia n a
Cincinnati R. & Ft. W.
Traverse City.................
Musk. Gr. Rap. & Ind .
Kan. City F t. 8. & M em.
Kan. City Mem. & Birm.
Kan. City Pittsb. & G ulf
Keokuk & W estern..........
Louisv.E vansv. & St. L .,
Memphis & Charleston..
Minn. St. P. * S. Ste. M ..
Pitts. 8heu. <fe L. Erie ...
St. Joseph & Gd. Island.
Toledo P eoria & West’n ..
Western N. Y. * P enn ...
W isconsin Central..........
Total (80 roads)............
Net increase (3*57 p. c.)..

[Y o l .
1896.

1895.

$
36,933
8,021
865
2,128
63,769
17,717
11.038
6,52 r
27,548
16,747
74,357
l l ,5 6 l ‘
13,470
18,534
52,900
96,160

37,186
7,911
926
2,343
68,411
16,623
9,123
6,426
26,565
17,129
44,791
14,201
12,318
19,598
61,900
97,181

6,293,084

6,077,659

9

In crea se.

$

l x ii,

D ecrease.

*
110

1,094
1,965
102
983

253

61
215
4,642

382

29,566
1,152

2,611
1,064
9,000
1,021

427,708
217,425

210,283

Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all S team
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character, and in that form is given once a month. Early re­
turns are published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re­
turns are brought together here in the week in which we pub­
lish out monthly article on net earnings—say on or about the
20th of the month.
The returns o f the street railways we give by themselves
under a separate head at the extreme end o f these tabulations
—see page 1135.

Latest Gross Earnings by Weeks.—Thelatest weekly earn­
ings in the fqregoing are separately summed up as follows:
R oads.
For the second week of June our preliminary statement A dirondack.................
Apr.
covers 55 roads, and shows 6'48 per cent gain in the aggregate
Jan. 1 to Apr. 3 0 ___
over the same week last year.
Alabama Gt South, a Apr.

—3 roes E a rn in g s.
18£6,
1895

s /----- N et E a rn in g s . -----*
1896.
1895.
$
$
5,431
14,733
11,181
1,534
26,012
61,198
67,500
30,252
102,742
113,064
9,516
17,614
97,654
448,863
471,709
Jan. 1 to Apr. 3 0 ....
119,378
476.402
July 1 to A pr. 3 0 ___ 1 ,410,452 1.343,817
455,36 2
2 d w eek o f Ju n e.
In crea se.
D ecrea se.
1896.
1895.
Alabam a M idland__ Apr.
42,751
33,032 def.2,189 def. 6,859
203,795
155,652
28,364 def.14,180
Jan. 1 to A pr. 3 0 ___
9
$
$
$
52 8.S42
453,324
82,641
July 1 to A pr. 3 0 ___
19,580
22.836
107
Alabama Gt. Southern..
22.943
Ann A rbor....................... .
24,626
3,994
20,632
193,124
206,955
69,381
A llegheny V alley...... Apr.
89,976
11,006
Balt. * Ohio Southwest
121,789
110,783
242,722
Jan. 1 to Apr. 3 0 ___
754,985
745,923
284,956
Buffalo Roch. & Pittsb’g.
70,112
61,1 L7
8,996
6,070
6,577 def.4,454
Arkansas M idland. . . Apr.
132
Canadian Pacific..............
373,000
41,001
332,000
1,178
Jan.
1
to
Apr.
3
0
___
21,602
30,140
13,511
Chesaneake & O hio........
178,700
1,206
179,906
558,321
383,832
Chicago & East. Illinois
67,502
68,58^
1,082 A tchis’ nT op & 3 .F eb Apr. 2, 203,270 2,330,391
Jan. 1 to Apr. 3 0 ___ 9, 171,549 8,963,583 2,473,295 1,739,278
Chicago Milw. * St. Paul.
595,408
72,250
52 Li 58
July 1 to Apr. 3 0 ___24, 530,911 24,043,788 6,018,810 5,655,765
Ohloago & West Michigan
27,766
28,975
1,209
Cin. Jack. & Mack.
1,734
12,557
10,7 7 ;104,462
118,267
Atlanta.&Ch.Air-L’ e.Apr.
def.611 •
6,661
Clev. Lorain * WheePg..
33,521
21,596
11,925
39,404
Jan. 1 to Apr. 3 0 ....
439,488
492,786
104,471
Denver & R io Grande.. .
147,400
139,901
7,500
A tlanta & W. P oint.-A pr.
9,904
35,186
32,811
9,107
D etroit Lans’g & N orth’n
21,139
1,447
19.69^
172,614
150,578
66,060
Jan. 1 to Apr. 3 0 ___
61,116
Evansv. & Indianapolis..
4,595
4,62f
30
190,774
July
1
to
Apr.
3
0
....
465,710
410,170
175,850
Evansv. & Terre H aute..
1,626
18,148
19.774
16,235
51.830
52,086
Grand Rapids & Indiana
17,423
37,366
38,065
699 Atlantic & Danville.. Apr.
Jan. 1 to Apr. 3 0 ....
41,409
1 8 2 ,L38
165,991
Cin. Rich. & Ft. Wayne
8,174
29,287
8,637
513
480,641
44L.096
July I to A pr. 3 0 ___
117,453
Traverse C ity ...............
77,548
1,067
469
598
Mus. Gr. Rapids & Ind
2,480
2,125
355
64,422
A tlantic * P a cifie.. . . Apr.
313,067
294,336
27,687
Grand T rim s o f Canada.
338,960
336,813
2,147
205,512
Jan. 1 to Apr. 3 0 . . . . 1 ,233,221 1,092,450
62,317
Chic. & Gr. Trunk...... .
61,232
52,142
9,091
3,716
8,197
3,331
def,573
Det. Gr. H aven & M il..
17,082
19,142
2,060 Augusta Southeru...Feh.
5,332
Jan.
1
to
Feb.
2
9
....
13,440
6.873
203
Cin. Sag. & M ackinac...
3,059
434
2,625
6,051
Tol. Sag. * Muskegon.
19,614
19,275
5,546
1,199
1,636
137 Austin & Northw — Mar.
15,536
Intern’l * Gt. N orth’n .. .
58.831
48,869
Jau. 1 to Mar. 3 1 ___
10,051
54,030
48,089
5,941
Iow a Central....... ............
31,833
30,213
1,620
Baltim ore & Ohio—
Kanawha * M ichigan___
10,474
7,948
2,531
Lines E. O. R .b ...J a n . 1, 385,877 1,229,219
353.776
234,068
Kan. City Pittsb. & Gulf.
12,320
8,887
3,433
July 1 to Jan. 3 1 ___10; 997,534 10,637,230 3,626,111 3,761,135
Kan. City Sub. B e lt........
4.757
11,115
6,358
Lines W. O. R .b . .Jan.
443,068
469.216
54,450
103,785
Lake Erie & W estern......
65,483
70,838
5,355
July 1 to Jan. 31 . . . 3,561,423 3,140,351
887,001
652,651
Loulsv. Evansv. & St. L
30,653
27,247
3,406
Tot. both system sb. Tan. 1,328,945 1,698,435
408,226
Louisville & N ashville...
371,285
387,853
3o3,27 0
18,015
Louisville N. A. & Chic.
July 1 to Jan. 31 ...1 4 ,5 6 1 ,9 6 2 13,778,131 4,513,112 4,413,786
57,790
61,374
3,581
Mexican Central..............
175,223
174,225
998
Balt. & Ohio Southw.Apr.
490,293
503,205
132,755
176,489
M exican N ational............
81.948
4,537
86.485
Jan. 1 to Apr. 3 0 ___ 1,994,086 2,026,230
566,872
722,033
Minneapolis & St. Louis.
37,686
42
37,728
July 1 to Apr. 3 0 .... 5,443,318 5,351,995 1,836,466 2,004,913
Mo. Kansas & T exas.......
173,138
191,613
18,475
Bangor & Aroostook.. Apr.
68,240
70,909
29,421
18,492
Mo. Pacific & Iron M t___
389,000
366,000
23,000
Jan. 1 to Apr. 3 0 ....
237.512
244,357
93,743
72,969
Central Branch.. ........
13,000
4,000
9,000
Bfew York Ont. * West’n
82,353
B a t h * H am m onds...A pr.
1,843
1,932
75,827
6,52b
451
765
Norfolk * W estern..........
218,956
82,677
Jau. 1 to Apr. 3 9 . . . .
7,384
7,072
136,279
2,167
2,727
Ohio R iver.........................
22,282
18,034
4,248
Birm. & A tlantic, b .. Apr,
1,645
1,440
def.515
def. 53
Ohio Southern.................
14,133
9,421
4,712
Jan. 1 to Apr. 3 0 ....
7,209
5,322 def. 1,189 d e f.1,760
Peoria Dec. & E v a n s v ...
16,333
1,013
15,320
July
1
to
Apr.
3
0
___
22,215
15,456
1,241
def.3,192
Pittsb. Shen. & L. E rie..
16,811
14,919
1,895
41,685
44,897
11,713
9,571
Pittsburg * Western.......
67,410
70,554
3,141 Brunswick & West ..A p r.
Jau. 1 to Apr. 3 0 ___
187,0z7
163,597
25,950
50,418
Rio Grande Southern___
9,010
7,925
1,086
Rio Grande Western......
44,200
Butt. Roch.& Pitts, b.. Apr.
282,369
41,500
2,700
246,775
98,563
82,382
Bt. Louis Southwestern..
70,900
Jau. 1 to Apr. 30 . . .
937,652
81,300
922,631
291,914
io.icio
249,513
Southern R ailw ay...........
303,381
323,422
July 1 to Apr. 3 0 .... 2,624,677 2,573,005
20,041
790,877
811,851
Texas & Paoific...............
91,771
90,094
1,677
Buffalo & Susqueh’a. Apr.
40,408
31,510
12,355
12,618
Toledo * Ohio C entral...
26,423
29,669
3,216
July 1 to Apr. 3 0 . . . .
403,759
284,474
178,948
108,601
Tol. 8t. L. A Kau. C ity..
44,312
31,439
12,873
Burl.
Ced.
R.
&
N
o
.a
..
Apr.
295,408
274,723
68,992
Wabash..............................
72,399
226,962
223,306
3,656
Jau. 1 to Apr. 3 0 .... 1,444,770 1,149,419
502,573
348,916
Wheeling & Lake E r ie ...
32,414
19,487
12,927
C am den * A tl....... a .. Apr.
72,113
66,526
14,348
17,037
Total ',55 roads)______
4,995,174 4,691,233
Jau. 1 to Apr. 3 0 ___
201,355
378,910
194,039
74,969
927
25,943
Net increase (6*48 p. o.).
. . . . . . .
. . . . . . . .
Canadian P acittc.a,.Apr. 1,455,906 1,245,621
303,941
491,230
451,646
Jan. 1 to Apr. 3 o ___ 5,759,562 4,601,943 1,797,443 1,397,274
For the
of June our final statement covers Carolina M idland___Apr.
2,337
2,631
4
206
57 per cent gain in the aggregate.
Jan. 1 to Apr. 3 0
16,809
11,873
4,198
1,058
July 1 to Apr. 3 0
52,IL6
47,465
20,050
16,930
Cent, o f G e o r g ia .a .. Apr.
321,63L
331,946
1st w eek o f J u n e .
21,359
33,148
1896,
1895.
In crea se.
D ecrease.
Jan. 1 to Apr. 3 0 ..., 1,748,591 1,494,585
574,893
318,611
July 1 to Apr. 3 0 ___ 4,635,926 4,327,193 1,700,880 1,462,455
$
$
$
*
Prev’ly reported (5 2 r’ds) 5,234,847 5,022,642
360,305
917,807 1,019,401
148,100 Central of N. J .a ...A p r .
308,106
401,910
Atlantic & Pacific............
92,732
93,928
Jan. 1 to A nr. 3 0 .... 3,712,973 3,705,417 1,149,933 1,276,532
1,196
Burl. Ced. Ran. * North.
67,064
78,688
11,624
Central
P
a
o
ific.b
......
Apr.
950,163
1,072,081
305,972
405,070
Chic. Peoria & St. Louis.
14,226
16,937
2,711
Jau. 1 to Apr. 3 0 .... 3.640,052 3,709,910 1,151,379 1,151,897
Oln. Jackson * Maokinaw
12,557
10,773
1,784
Char. Clen. * Sutton.. Apr.
5,463
Cleve. Canton & South’n
3,888
14.883
3,019
2,143
9,704
5,184
Jan. 1 to Apr. 3 0 ___
17,710
Clev. Cin. Ohio. * St. L ..
11,078
230,501
8,562
265,671
5,763
35,170
Dee Moines * Kan. City.
2,037
1,443
594
Char. & Savannah ... Apr.
45,290
39,990
7,175
3,087
Duluth So. Shore & A tl.
47,784
41,739
3,045
Jan. 1 to Apr. 30 . . .
221,023
193,253
45,336
65,848
Evansville & Richmond.
3,699
1,282
2,417
July 1 to Apr. 3 0 ....
442,598
447,413
85,596
87,043
Flint & Pere Marquette
48,266
45,263
3,C03
Olios. & O h io .a .........Apr.
824,209
744,323
200,935
253,433
Fla. Cent. A Peninsular.
41,022
44,849
3,327
Jau. 1 to Apr. 3 0 .1.. 3,358.542 2,931,534
983,741
836,213
Georgia & Alabama.......
15 512
9 597
5,915
July 1 to Apr. 30 . . . 8,563,009 7,933,708 2,714,761 2,587,222

JUNE30, 1896.]

THE CHRONICLE.
- Gross B arn i n g s -

Roads.

1396.

1895.

9

$

165,306
G ile s . O . * 8 o ’ iv « .b ..F « 1 > .
1 9 3 .7 3 3
J a n . 1 TO F e b . 2 9 . . .
4 0 2 .0 3 3
342,236
J u l y 1 t o F e b . 3 1 . . . . 1 , 7 1 0 , 1 7 2 1,559,511
O h io . B u r l. i f e Q n in .b .' A p r. 2 , 5 1 1 , 7 5 3 2,477,509
J a n . 1 t o A p r . 3 0 ___ 1 0 , 4 1 5 , 9 2 1
9,560, L34
C h ic , & S a m I l l i n o i s . —
J u l y 1 t o A p r . 3 0 ___ 3 , 4 7 4 , 3 3 0 3 , 1 2 1 , 7 3 3
C h ic , G r e a t W e s t 'a
J u ly 1 to M a r. 3 1 —
3 ,6 2 2 ,7 2 3
.................
C h ic . M . <fe S t .
. \ p r. 2,366,590 2,054,183
9.751.24
5
8.132,320
J a n . 1 t o A p r. S O . .. .

-X e t W a rn in g s.1898.
S

75,361
118,529

1895.

$

45,180

6 3 9 ,1 0 1
7 7 9 ,1 7 1

3,560,705

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

1 ,5 1 3 ,0 7 9

1 ,1 5 1 ,6 4 0

1 ,1 0 3 ,1 2 6

776,197
7 3 5 ,7 8 8
3,113,499 3,0.i6.3"“
July l to Apr. 30....27,318,970 2 2,927,411 11,321,005 8,340,140

O&JcasjSi' & N o r . P m . A p r .
J a a , l to A pr. 3 D , . . .

Ohio. A W . M i c h ...., .A p r ,

6 3 ,9 9 7
2 6 8 ,2 2 ,8
1 2 4 ,8 9 7
4 8 9 ,9 0 2
5 7 ,1 3 4
2 2 6 ,6 0 7
2 8 3 ,1 1 6
2 3 ,9 7 8
8 7 ,3 8 8
2 4 5 .7 1 0
6 0 ,0 2 1
1 9 9 ,3 8 3
5 7 8 .7 73
1 ,0 3 6 ,1 0 8
4 ,0 9 9 ,1 7 8

6 2 ,5 9 3
2 4 7 .7 6 1
1 1 7 ,6 5 3
5 > 6 .5 7 6
4 5 ,3 0 1
1 3 3 ,8 6 3
2 9 1 ,4 0 2
2 1 ,-5 1 5
7 7 ,7 7 9
3 1 4 ,1 6 5
5 3 ,2 01
1 9 7 .4 7 9
5 7 3 ,4 1 1
1 ,1 0 4 .0 3 2
4 ,2 3 0 ,9 2 8

J a a . 1 to A p r. 3 0 .
C tn . J a c k . A H a c k . b.. A p r.
J a n . X t o A p r . 3 0 -----d a . 3*. G rL A T a x . P „ A p r.
0 l n , P o r t ij:. A V i r J > . .A p r .
J a n . l t o A p r. 3 0 . . . ,
J u l y 1 to A p r. 3 0 . . . .
C ie v e . C a n t o n A S o . - A p r .
J a n . 1 to A p r . S O . , . ; ,
J a l y 1 t o A p r, 3 0 , , . .
C l e y . d a . O .& S e. J L . a . A p r.
J a n . 1 t o A p r, 3 0 . - . .
July l t o Apr. 30 . . . . t l ,l s 1,973 11,201,717
1 1 0 ,4 4 1
.P e o r ia A E a s t ' s . a . A p r.
136,105
5 6 0 ,4 1 7
573,262
J a n , 1 to A p r. 3 0 . . . .
J u l y 1 t o A p r . 3 Q ____ 1,010,119 1 , 4 3 3 , 1 0 4
(H e r . t o r . ic W h e e l . .. M ir .
99,133
97,508
259,788
238,893
J a n . 1 to M ir . 3 1 . . . .
J u l y 1 to M a r , 3 1 ___ 1,173,923 1,042,089
G l l o t i i d e M id la n d — A p r.
164,911
1 5 4 ,1 8 *
4 9 9 ,0 0 0
811,902
J a n , 1 to A p r, 3 0 , . . .
1 0 7 ,8 6 7
212,682
C o L H o o k . V *1 A T . It.A p r .
837,135
7 4 0 ,9 3 7
J a in . 1 t o A p r , 3 0 . . .
52,347
38,771
C o l. S a m lt i* . V H o o k . A p r,
2 4 7 ,5 2 7
232,082
J a n . 1 in A p r . S O ___
777,678
J u l y 1 to A p r. 3 0 . . .
C r y s t a l ........................... .. M a r.
J a n . 1 t o M a r. 3 1 . . . .
O t t m b e r la iv l V a l l e y . .. A p r.
J a n . I to A p r. 3 * , . . .
D e n , A E . l i ra ilJ r .b A p r.
J a n . 1 to A p r. 3 0 . . . .
ll f l a i r 1 to A p r. 3 0 . . .
D o s M o in e s A K. C .- .M u r .
J a n . 1 lo M ir . 3 1 , . . ,
l i e s M o in e s S o . A W „ A p r ,
J a n . 1 to A p r. 3 0 . . .
M et. C a iis . A N o r . u . A p r .
J a n . 1 p i A p r . 3 ) . ..

393
1,145
2.230
3,438
60,015
61.730
230,780
219,649
5 1 6 ,4 6 9
580,224
2,221,078 2,052,923
6, >03,310 6 , 7 6 0 , 1 0 3
8.230
9,312
20/:. 15
26,249
32,055
23,1)81
04,209
116,001
97.9*3
96,82 >
3,59,333
331,324
23,803
4 1,904
93,301
175,9 42
191,110
352,114
101,743
102,131
305,686
4 1 8 ,7 3 8
907,13 5
1,080,195
2,380,850 2,264,090
9 , 2 8 8 , 8 6 6 8,902,710

D e t r o i t A M a e k 'c .i t .. A p r .
J a n , 1 to A p r. 3 0 . . . *
J u l y 1 to A p r , 3 0 . . .
E lg in J o l i e t A H f t
A p r.
Jim . 1 to A p r. 3 0 . . . .
J u l y 1 t o A p r, 3 0 ___
E r ic
.........................A p r .
J a n . 1 to A p r . 3 0 ___
D e c . 1 to A p r . 3 0 . . . . 1 . 1 , 9 0 7 , 5 9 3 1 1 , 0 3 0 , 0 7 0
5 ,4 0 1
5 ,1 9 0
B a r e ! ; * S p r i n g * _____ M a r.
1 4 ,4 0 9
1 4 ,5 7 8
J a n . 1 to M a r, 3 1 . . , .
2 2 7 ,0 8 7
2 2 3 .4 7 2
F l i n t A P u r e M a r . * , . A p r,
8 0 6 ,0 4 0
9 2 1 .5 4 7
J a n . 1 to A p r. 3 0 —
F l a . C e n t , k P e n ln .
J a n . 1 to M a r. 3 1 . . . .
f t W , & D .C 1 y ............ A p r.
J a n , 1 to A p r. 3 0 . . .
F t W o r th A R io O r A p r,
J a n . I t o A p r. 3 0 —
G a d s d e n * A it . U n . .M a y
J a n . 1 to M a y 3 1 —
G e o r g i a , a — ................A p r.
J a n . 1 to A p r. 3 0 —
J u l y 1 t o A p r . 3 0 -----G e o r g i a A A l a b 'a . d . .M u r .
J a n . 1 t o M a r . 3 1 ----J u l y 1 to M a r. 3 1 . . . .
G a . S o u t h . & F l a . . b .A p r .
J a n * l to A p r. 3 0 . . . .
J u l y 1 to A p r, 3 0 —
G r a m ! R a p . A I m l___ A p r,
J a n . I to A p r, 3 0 —
G r , T r u n k o f C a n .. .A p r .
J a n 1 to A p r . 3 0 ___
C h ic . A G r ’d T r ___ A p r.
J a n , 1 t o A p r . 3 0 -----D e l . G r . H . A M i l . . . A p r.
J a n . 1 to A p r. 3 0 . . .
G a l l A C h ic a g o , b ........M a y
J a n . 1 to M a y 3 1 —
B o o s t 4c T e x . C e n t . .M a r .
J a n . t to M a r, 3 1 . . . .

5 3 0 ,1 5 1
5 3 5 ,5 7 3
7 8 ,9 1 3
8 3 ,5 7 3
2 9 1 ,0 8 3
3 4 5 ,5 5 8
2 9 ,2 0 2
2 1 ,0 3 *
1 1 8 ,2 6 6
1 0 2 ,4 0 7
959
867
3 ,8 3 3
4 ,3 7 4
9 3 ,9 3 9
9 6 ,2 8 8
5 2 4 ,5 6 7
4 1 2 ,6 3 2
1 , 3 0 9 , 0 7 0 1 , 1 4 7 ,0 1 5
1 2 .7 0 5
3 7 ,3 0 9
1 0 9 ,7 7 1
1 4 5 ,5 6 3
3 7 1 ,2 1 0
4 2 8 ,1 5 8
6 3 ,0 3 2
6 5 ,2 8 0
2 5 3 ,4 2 3
2 8 5 ,9 4 7
7 1 0 ,4 7 3
7 2 9 ,3 2 1
2 3 9 ,3 4 3
2 2 3 ,9 0 0
8 4 5 ,3 7 0
8 5 2 ,6 8 1
1 ,4 3 2 ,9 0 5 1 ,4 2 2 ,9 1 9
5 ,3 4 7 ,2 2 0 5 ,2 0 0 ,8 9 7
24 8 ,5 5 1
2 7 9 ,2 4 5
8 6 1 ,1 4 )
1 , 0 8 3 , 7 SO
8 1 ,6 2 7
7 7 ,8 7 0
2 9 0 ,4 1 7
2 8 3 ,7 3 2
3 ,4 8 5
3 ,0 2 3
1 7 ,2 5 2
1 6 ,3 9 6
2 8 7 ,1 6 0
2 3 9 ,5 0 3
8 7 1 ,5 0 6
7 2 1 ,7 7 8
1 ,5 2 9 ,0 1 7 1 ,4 6 0 ,1 9 4
6 6 0 7 3 1 2 6 .0 6 4 ,2 2 8
1 7 ,8 7 2 ,3 2 4 1 5 ,8 9 6 ,2 3 4
3 4 ,9 6 0
3 5 ,4 1 4
Iad , D e o . A W e s t . ..Feb.
8 0 ,1 4 3
7 3 ,6 9 7
J a n . 1 to F e b . 2 9 . . . .
6 5 ,0 7 1
6 5 ,0 6 8
In d ia n a t l) . & I o w a .,A p r .
2 7 3 ,1 6 6
2 ^ 3 ,1 9 3
J a n . 1 to A p r. 3 0 . . . .
6 3 0 ,3 5 1
6 6 7 ,3 6 8
J u l y l to A p r . 3 0 __
1 1 5 ,6 5 5
1 3 5 ,8 2 8
I o w a C entral. b ........... A p r .
4 8 1 .6 0 8
6 4 2 ,8 0 5
Jan. 1 to Apr. 3 0 ....
Jaly 1 to Apr. 3 0 .... 1 , 5 9 0 , 0 0 7 1 , 3 3 3 ,0 1 3
4 ,8 7 7
4 ,1 6 1
I r o n R a i l w a y ___ b . . A p r.
1 7 ,0 7 2
1 6 ,7 3 4
J a n . 1 to A p r . 3 0 —
4 1 ,1 3 6
4 0 ,8 8 0
J a l y 1 t o A p r , 3 0 -----3 2 ,7 6 L
2 9 ,5 5 0
J a c k . T a m . A K . W .. A p r.
1 9 2 ,8 3 2
1 1 9 ,4 8 2
J a n , 1 to A p r. 3 0 . . .

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

3 3 ,7 7 5
1 6 5 ,4 4 3
3 3 ,5 5 9
7 6 ,3 2 1
4 ,3 2 2
1 3 ,7 7 8
7 - 3 ,2 0 9
3 ,1 7 3
10 96 )
3 3 ,0 5 0
1 2 ,6 7 9
3 S .S H 9
1 0 4 ,2 7 7
2 .3 2 ,5 1 1
1 , 0 3 7 ,0 7 0

2,921,011 2,813,695
21,619
33,055
139,320
150,6 17
400,214
372,217
2 t,H >0
36,763
64.38S
63,554
347,361
335,536
61.215
11,713
172.111
155,328
93,516
72,358
319,733
2 8 7 ,8 1 1
2,670
31,729
19.J.OJ3
413
d e t .2 2 0
d e f .lO l
735
17,041
8,404
72,403
83,229
223,212
227,558
870,241
816,3 >1
2,7.j7,l85 2,410,149
2.962
2,879
9,493
5,104
11,438
4,924
51,067
2-5,629
17,07 7
23,133
50,271
61,052
17,715
9,841
(17,35 L
43,250
115,872
7,1,330
43.953
36,163
164.019
136.873
373,967
301,381
564,653
545,165
2,088,863 1,902,716
2,095.105 2,401,5 70
3 ,0 5 3
8 ,0 1 2
5 1 ,0 9 8
2 2 5 ,5 3 1

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

1 1 7 ,6 2 2
1 0 ,2 1 8
2 1 ,3 7 3
1 .1 9 9
3 0 ,8 1 6
546
2 ,2 3 4
g l 693
" 1 4 5 ,6 9 0
g U 9 ,2 2 )
9 ,8 7 8
4 9 ,4 2 3
1 2 7 ,2 2 4
241
7 2 ,9 0 6
2 5 9 ,3 3 4
3 4 ,7 7 3
1 0 6 ,6 5 6
4 3 6 ,9 4 0
1 ,1 8 2 ,6 1 3
2 9 ,4 3 3
7 8 ,2 9 2
8 ,4 5 3
9 ,0 0 3
602
2 ,6 2 3
1 6 ,8 3 3
1 3 5 ,5 9 9
3 8 3 ,3 8 3
1 ,9 1 9 ,1 5 2
6 ,0 0 4 ,3 7 2
1 2 ,2 2 8
3 2 .8 3 5
2 1 ,6 1 4
9 3 ,1 0 2
2 0 9 ,1 0 1
4 3 ,0 5 3
2 4 5 ,7 8 2
0 1 7 ,3 6 )
296
876
1 .7 1 7
6 ,9 1 9
7 ,9 2 5

1 2 2 ,5 3 9
1 6 ,5 6 2
9 5 ,3 6 2
5 ,9 9 9
2 9 ,1 9 3
575
2 ,0 0 1
t o ,639
* * 7 2 ,5 8 1
( £ 3 2 8 ,1 8 5
2 ,0 8 3
7 ,0 6 0
6 2 ,5 1 9
1 3 ,5 2 9
5 3 ,9 7 1
1 8 7 ,8 3 7
5 1 ,0 9 2
1 3 3 ,7 1 4
4 3 1 ,3 6 8
1 ,1 4 8 ,0 3 1
2 5 ,1 5 5
3 5 ,7 6 5
1 0 ,9 3 3
1 4 ,1 3 0
d e f. 1 3 1
415
9 1 ,4 0 5
2 7 9 ,6 9 3
4 2 6 ,9 3 3
1 ,9 1 2 ,0 3 5
1 ,7 7 9 ,5 9 4
1 0 ,5 6 4
2 5 ,1 4 1
1 6 ,0 3 9
3 1 ,4 4 7
1 4 4 ,7 2 3
3 7 .6 9 7
1 5 6 ,7 6 7
4 5 3 ,4 8 7
1 ,5 4 0
4 ,1 3 6
1 0 ,9 4 2
2 ,7 7 9
3 9 ,2 4 3

‘ 1133

------ Gross Barn mgs. ------ .
■Net M a rn tn gs.1896.
1895.
1896.
1895.
8
$
$
1 1 ,7 6 0
K a n a w h a A B t ia h .b .. A p r.
4 1 ,1 8 9
4 0 ,9 7 5
1 1 ,7 8 5
J a n . 1 t o A p r . 3 0 ___ _
1 5 5 ,5 7 0
1 3 3 ,1 0 5
4 0 ,0 8 5
3 2 ,6 7 5
1 0 1 ,5 3 0
4 0 1 .5 1 8
3 4 3 ,8 1 9
J t t l y l t o A p r . 3 ) ____
9 3 ,6 1 8
K a n . C. F t . S . A M . a . A p r.
3 3 5 ,2 6 3
3 5 3 ,4 4 3
1 0 5 ,4 3 3
1 0 3 ,0 6 8
J a n . 1 to A p r. 3 0 . . . . 1 ,4 6 8 ,3 3 5 1 ,4 4 2 ,7 9 7
4 3 5 ,4 8 6
4 3 6 ,1 8 0
J u l y 1 to A p r . 3 0 . . . . 3 , 8 7 0 , 4 3 1 3 , 8 5 6 , 8 1 9 1 , 1 9 4 , 4 2 6 1 , 2 0 0 , 7 6 9
K a n . 0 . M em . & B . a . A o t .
7 8 ,9 4 3
7 1 ,7 6 7
7 ,1 9 3
4 ,8 5 6
J a n . 1 to A p r 3 0 . . . .
3 7 9 ,7 9 0
3 1 7 ,7 5 3
6 7 ,3 4 5
4 2 ,9 5 4
J u l y 1 to A p r. 3 0 . . . . 1 ,0 3 1 ,1 5 0
8 7 4 ,6 0 3
2 0 7 ,1 7 5
1 5 9 ,7 8 1
K e o k u k & W e s t ’ n . b . .M a r .
3 6 ,1 9 1
2 7 ,7 4 0
1 6 ,5 6 1
9 ,8 0 7
J a n 1 to M a r. 3 1 . . .
1 0 4 ,7 0 9
8 1 .2 1 9
4 5 ,4 3 6
2 7 ,4 3 0
L, E r i e A ll, A S o . a . . . A n r ,
4 ,6 6 1
5 ,4 4 5
ddf 102
d e f. 9 4 1
J a n . I t o A p r. 3 t o . . .
2 2 ,9 6 4
2 6 ,5 4 1
2 ,1 8 4
3 ,3 )6
L a k e E r i e A W e s t . b .. A p r .
2 3 5 ,8 3 3
2 8 5 ,5 3 5
1 2 1 ,2 4 9
1 2 0 ,9 8 7
J a n . 1 to A p r. 3 0 . . . . 1 ,1 2 4 ,6 7 6 1 ,1 1 0 ,9 0 8
4 9 6 ,2 6 5
4 9 ) ,5 4 9
L s x i n s r t o n & E 3 S t’ n . . A p r.
1 9 ,3 8 1
1 7 ,5 0 7
7 ,4 7 8
7 ,3 3 4
J * » . 1 to A p r. 3 0 . . . .
6 9 ,0 7 0
5 9 ,7 1 9
2 7 ,0 5 1
2 1 ,5 1 2
L o n i s v . E r . A S t . L .b .M A r .
1 2 3 ,3 2 2
1 1 6 ,6 6 8
3 0 ,8 2 6
3 1 ,0 2 7
7 7 ,1 6 1
J a n . 1 to M a r . 3 1 . , . .
3 5 3 ,3 6 0
3 1 8 ,3 3 8
5 7 ,7 3 7
L o u i s r . A N a s h V . b .. A p r. 1 . 5 3 4 , 1 9 1 1 , 1 3 2 , 2 8 4
3 1 6 ,9 7 2
3 8 3 ,4 4 1
J a n . 1 t o A p r. 3 0 . . . 6 , 4 2 0 , 2 2 8 6 , 0 0 3 , 4 3 5 2 , 0 .5 5 , 6 2 9 2 , 0 1 1 , 3 1 3
•July 1 t o A p r . 3 0 . . . . 1 7 , 1 4 0 . 3 1 0 1 6 , 1 9 5 , 3 1 3 5 , 9 1 0 . 0 7 0 6 , 0 3 9 , 0 9 6
b o u i s r . N. A . & C - a . - A p r .
2 7 9 ,1 5 0
2 6 1 ,9 6 9
1 0 2 ,5 4 9
8 8 ,8 9 5
9 6 4 ,9 0 5
9 9 7 ,9 7 2
J a n . 1 t > A p r . 3 0 ___
2 7 4 ,3 3 L
2 3 0 ,5 7 5
9 2 6 ,6 0 6
J u l y t t o A p r . 3 0 . . . 2 , 7 4 7 , 9 77 2 , 5 2 6 , 9 1 0
7 8 0 ,1 5 9
3 3 ,4 0 0
L o u is y , S t , L A T e x . A p r .
3 8 ,5 7 9
7 ,3 8 9
4 ,6 6 7
12 4,09)
J a n . 1 t o A p r. 3 0 ___
1 1 3 ,4 2 1
2 5 ,6 5 9
1 8 ,6 3 7
5 ,6 1 6
M a c o n «& B i r m i a f ___ A o r .
2 ,5 4 7
d e f .6 3 5
180
2 4 ,6 3 6
J a n . 1 to A p r . 3 3 ___
2 0 ,2 9 5
d e f. 1 ,8 8 L
3 ,7 8 2
6 7 ,4 9 9
J u l y 1 to A p r. 3 0 . . .
5 6 ,8 3 7
d e f 3 ,3 3 9
1 3 ,4 2 3
9 ,2 1 7
M a n i s t i q u e ........................ A p r,
9 ,0 1 4
8 ,1 8 8
5 ,1 1 5
I a n , 1 to A p r. 3 0 ___
4 2 ,4 2 2
1 9 .7 1 1
3 9 ,5 3 3
1 8 ,2 6 6
8 1 ,7 8 5
M e m p h is & C h a s ’ u . . . A p r .
8 5 ,6 9 3
2 ,2 6 4
d e f, 1 2 5
3 3 6 ,0 7 5
.l,m . 1 to .t o r . 3 0 . . .
4 3 3 .2 9 0
6 5 , 4 9 3 d e f .8 / ) 3 1
J u l y 1 : j A p r. 3 j . . . 1 ,1 7 5 ,7 4 3 1 ,0 2 5 ,8 6 5
2 7 7 ,7 5 6
1 6 5 ,5 5 9
‘2 7 3 , 2 4 9
M e x ic a n C e n t r a l ..........A o r .
3 3 4 ,0 3 3
7 7 0 ,5 9 5
3 1 2 ,8 3 9
3
,
0
8
9
,
3
3
1
1 , 1 3 9 , 9 01 1 , 2 8 0 , 0 5 6
J .ill. 1 t o A p r, 3 0 ___ 3 , 3 0 2 , 9 9 6
M e x . I n t e r n a t i o n a l . .. A p r.
2 3 9 .1 9 8
2 1 8 ,6 0 1
6 9 .7 1 2
9 2 ,2 2 7
8 3 4 ,1 0 8
J a n . 1 t o A p r . 3 0 ___
9 3 1 ,9 8 5
3 4 9 ,1 5 5
3 4 7 ,2 1 0
3 3 3 ,3 7 5
- M jx ic a n N a t i o n a l ___ A p r ,
c1 6 9 , 9 0 0
3 6 7 ,9 6 8
C l6 3 ,6 i0
•Tan. I t o A p r . 3 0 . . . . 1 , 6 2 1 , 3 4 5 1 , 1 4 4 , 1 7 8
0 7 2 3 ,7 4 3
C S 0 8 ,1 8 6
5 8 ,9 4 8
M e x ic a n N o r t h e r n . . . A p r .
5 9 ,0 6 1
3 1 ,8 6 4
3 0 ,2 5 5
2 0 7 ,1 2 6
J a m 1 to A p r . 3 0 ____
2 3 6 ,7 3 0
1 1 8 ,5 4 7
1 1 0 ,3 2 9
1 1 3 ,6 5 8
'I n i n . A 8 t . L o u i s ____ A pr.
1 3 8 ,0 4 0
3 5 ,3 8 0
4 5 ,7 0 8
2 - 0 8 ,8 8 5
5 2 3 ,3 1 8
5 9 1 ,7 1 9
J a n . 1 to A o r , 3 0 ___
2 0 0 ,6 2 5
J u l y 1 t o A p r . 3 0 ........ 1 , 7 2 5 , 7 4 1
1 ,5 1 6 ,3 6 5
7 1 7 ,2 3 3
6 5 5 ,8 2 «
M in n . a t . P . A S . S t e M . A p r.
2 6 1 ,2 5 5
9 7 ,5 1 4
1 9 2 ,9 3 3
5 9 ,1 6 0
3 7 2 ,1 2 2
7 2 4 ,9 6 S
J a u . 1 to A p r , 3 J ___ 1 , 0 3 0 , 7 9 0
1 6 7 ,3 6 9
2
2
,
9
9
8
.M obile & B t t i n 'g U a m . A p r.
1 9 ,0 3 5
d e f. 1 ,8 1 3
d e f. 1 1 2
9 1 ,9 8 3
J a u , 1 t o A p r. 3 0 ___
9 1 ,1 0 8
4 ,7 9 7
794
7 5 ,2 2 9
2 3 6 ,4 5 4
M o b ile & O h i o ...............A p r.
2 7 4 ,3 1 9
6 7 ,6 7 2
J a u . 1 t o A p r . 3 0 ___ 1 , 1 5 2 . 0 8 1 1 , 0 5 1 , 7 0 6
3 8 3 ,8 5 1
3 4 2 ,4 3 8
J u l y ! t- i A p r. 3 ) . . . . 3 , 0 1 5 , 9 1 9 2 , 7 2 3 , 2 7 0 1 , 1 7 0 , 0 9 0 1 , 0 0 5 , 7 9 5
3 8 S .0 6 6
1 2 5 ,9 7 0
S B s h .C h . A 8 t . L . b . - M a y
3 9 2 .6 5 9
1 4 6 ,9 1 5
J a n . 1 to M a y 3 1 . . . . 2 ,0 5 3 ,7 0 6 1 , 8 9 3 ,5 6 3
6 9 6 , 8 51
7 .5 4 ,4 1 5
J a l y 1 to M a y 3 1 . . . . 4 , 0 6 9 , 4 9 ) 4 , 2 6 5 , 9 0 2 1 , 7 8 0 , 7 1 9 1 , 7 5 3 , 4 3 6
N e v a d a C e n t r a l . .......... M a r .
2 ,0 5 9
d a f .2 9 1
1 ,9 0 9
d e f ,3 7 1
d e f. 1 ,1 6 4
5 ,4 0 8
J a n . I t o .M ar. 3 1 . . . .
5 ,6 9 7
d e f. 6 7 6
1 6 ,9 6 1
J u l y 1 t o M a r. 3 1 . . . .
2 2 ,1 3 0
1 ,8 3 3
d e f, 1 ,8 3 0
3 ,0 2 2
8 ,0 7 5
N e v a d a G 'r N a r .G 'g a . A p r.
7 ,9 6 5
2 ,7 6 2
2 7 ,9 1 0
9 ,1 4 4
J a n . 1 to A p r. 3 0 . . . .
2 9 ,3 6 6
6 ,9 3 4
7 5 ,2 6 1
2 3 5 ,5 3 3
N , Y . O n t . A W e s f c .a .-A p r .
2 9 1 ,1 2 1
7 3 ,5 1 7
1 , 0 8 8 ,9 L4
2 2 1 ,02 2
J a n , l t o A p r . 3 J ___ 1 , 0 5 5 , 0 0 2
2 4 3 ,4 5 9
3 7 3 ,0 6 7
J u l y 1 to A p r. 3 0 . . . . 3 ,1 0 2 ,2 2 9 3 .0 7 9 ,0 7 1
3 0 3 ,7 4 7
1 7 3 ,5 0 0 7 3 ,2 4 5
N. Y . S u s . A W e s t . . b . A p r.
1 7 0 . 0 L2
4 8 ,8 3 7
2 7 4 ,2 0 4
7 2 4 ,1 5 7
J a u . 1 to A p r . 3 0 ____
6 5 6 ,9 4 3
2 5 3 ,2 3 2
7 6 0 ,2 8 9
J u l y 1 to A p r . 3 0 . . . . 1 , 8 4 7 , 3 6 9 1 , 7 9 7 , 1 2 1
6 1 0 ,9 3 0
1 4 ) ,7 6 4
8 3 2 ,8 1 2
N o r fo lk A W o s t’ u . a . . A p r.
9 3 3 ,1 9 5
1 8 0 ,9 0 5
J a u . 1 t o A p r . 3 0 ___ 3 ,7 7 6 - '9 2 3 , 2 2 0 , 5 ) 0 • 7 6 4 , 8 6 2
5 2 8 ,9 7 3
3 ,9 30
d e f. 6 7 3
N o r th e a s te r n o f G a .. A p r.
4 ,4 1 7
d e f .9 0 9
1 8 ,3 9 1
6 ,5 2 3
J a i l . 1 to A p r. 3 0 . . . .
2 1 ,8 7 0
3 ,4 3 3
1
3
8
,
2
1
0
5
1
0
,
6
0
2
N o r th . C e n t r a l, b ..........A p r .
4 9 3 ,9 1 9
1 4 9 ,2 3 9
4 3 3 ,0 8 3
J a n . 1 t o A p r. 3 0 . . . . 1 ,9 0 2 ,7 6 3 1 ,9 9 8 ,1 2 7
5 8 3 ,3 0 0
3 7 4 ,8 3 2
N o r th e rn P a c i f i c .b ..A p r . 1 ,2 8 1 ,4 9 4 1 ,3 0 7 ,7 3 5
4 5 8 ,9 1 1
J a n . 1 t o A p r . 3 0 . . . 4 , 9 1 7 , 9 07 4 , 5 0 3 .7 1 5 1 , 4 6 9 , 5 0 8 1 , 2 6 9 , 8 3 4
J u l y 1 t o A p r. 3 0 . .. 1 6 ,9 0 7 , 2 3 0 1 1 ,8 3 9 ,3 3 3 7 ,3 2 2 ,7 0 2 5 ,1 5 2 ,5 2 9
2 5 ,8 8 6
O h io R i v e r , b ...................A p r .
8 1 ,6 6 6
6 1 ,5 2 6
1 9 ,9 3 3
. 9 3 ,7 1 4
J a n . 1 to A p r. 3 0 . . . .
3 0 3 ,0 8 0
2 0 8 ,4 6 9
7 0 ,9 2 3
3 ,7 3 2
O h io H i r e r & C h a s .. .M a r .
1 7 ,7 2 9
1 3 ,5 0 3
6 ,6 6 3
1 3 ,2 0 1
J a n . 1 to M a r, 3 1 . . . .
5 5 ,0 7 8
4 4 ,4 )7
1 1 ,4 5 7
P e n n s ;''"
L in e s d ir e c tly o p e ra te d —
E a s t o f P i t f c s b 'g - .A p r , 5 , 1 3 2 , 2 7 2 5 , 2 0 5 , 4 7 2 1 , 3 3 6 , 8 0 3 1 , 5 1 1 , 4 0 8
J a u 1 to A p r. 3 0 . - 2 0 , 0 2 0 ,1 0 9 1 9 , 4 3 8 ,9 ) 9 5 ,0 9 0 ,2 2 8 5 ,1 5 5 ,3 2 8
I n o . 210,200
W e s t o f P i t t s b ’g .. A p r .
In c .
1 8 8 ,1 0 )
I n s . 1 5 6 ,5 0 0
J a n . 1 to A p r. 3 0 - .
In o .
5 2 2 ,3 0 0
A ll lin e s O p e r a t e d 8 0 ,2 0 0
D eo. 2 2 0 ,6 0 0
E a s t o f P l t t * b * g .. A p r.
D eo.
6 3 9 , OoO
’
D eo. 2 9 3 ,4 0 0
J a n . 1 to A p r, 3 0 . .
In c .
I n o . 2 2 6 ,0 0 0
W e s t o f P i t t s b 'g .. A p r .
I n o . 1 8 5 ,3 0 0
In o .
7 9 ,7 0 0
J a n . 1 t o A p r. 3 0 . .
In o . 5 3 9 ,6 0 0
7 2 ,5 1 5
1 8 ,9 2 2
2 3 ,9 1 9
P e o r i a D e o . & E v ___ M a r .
7 2 ,1 9 4
2 2 3 ,9 8 7
6 9 ,7 9 9
7 6 ,0 3 3
J a n . 1 to M a r . 3 1 . . . .
2 1 7 ,9 5 3
4 6 ,9 0 7
2 4 ,6 1 4
1 9 ,1 2 3
P e t e r s b u r g ................ ..A p r .
5 3 ,3 7 3
1 6 8 ,2 7 0
8 4 ,5 8 2
5 8 ,2 5 0
J a n . 1 t o A p r . 3 0 ___
1 9 4 ,8 1 2
4 1 1 ,4 9 6
2 0 9 ,4 8 6
1 6 5 ,7 1 0
J u l y 1 t o A p r. 3 0
4 7 6 ,7 1 4
3 1 3 ,7 2 3
1 3 0 ,0 2 4
1 0 0 ,7 1 7
P h ila d e lp h ia A E r ie b . A p r.
3 1 5 ,7 2 7
2 6 3 ,2 7 5
2 3 4 ,0 8 6
J a n . 1 t o A p r. 3 0 . - - . 1 , 1 5 7 , 1 1 2 1 , 0 9 4 , 4 1 4
1 ,6 1 9 ,0 3 0
6 9 1 ,7 9 9
7 4 5 ,6 6 3
P h i l a . A: R e a d i n g ........ A p r. 1 , 5 9 1 ,5 0 8
J a n . 1 to A p r. 3 0 . . . . 6 ,2 2 1 ,8 3 9 6 , 3 1 8 ,7 1 2 2 ,5 6 3 ,8 4 1 2 ,6 5 1 ,8 7 5
D e o . 1 t o A p r. 3 0 . . . , 8 , 0 5 8 , 1 2 5 7 , 9 0 0 , 6 4 0 3 , 3 8 4 , 5 7 9 3 , 2 5 6 , 7 3 7
1 ,6 7 3 ,1 5 5 d f .1 9 8 ,6 9 1 d f .1 7 1 ,0 8 1
C o a l & I r o n C o ......... A p r. 1 , 4 0 3 , 9 6 3
J a n . 1 to A p r. 3 0 . . . 6 ,3 6 5 ,5 0 3 7 ,1 9 0 ,1 3 0 d f .4 2 9 ,2 9 3 d f .1 9 7 ,9 2 0
D e o . 1 t o A p r . 3 0 . . . . 8 , 5 8 1 , 3 6 1 8 , 7 7 8 , 3 8 5 d f .5 1 1 , 7 1 3 d £ .3 S 5 ,3 4 8
4 9 3 ,1 0 5
5 7 4 ,5 3 2
T o t a l b o t h o o s ......... A p r. 2 , 9 9 5 , 4 7 1 3 , 3 2 2 , 1 8 5
J a n . 1 t o A n r, 3 0 . . . . 1 2 , 3 9 0 , 3 7 2 1 3 , 5 3 8 , 8 4 2 2 , 1 3 9 , 5 4 8 2 , 1 5 3 , 9 5 5
D e e , 1 to A p r . 3 0 . . . . 1 6 , 6 0 9 , 9 8 6 1 6 , 6 7 9 , 0 2 5 2 , 8 7 2 , 3 8 6 2 , 3 7 1 , 3 8 9
1 1 ,9 8 4
1 4 ,8 4 6
P h i l . B e a d . & N .E n g .. A p r.
5 2 ,3 3 6
5 5 ,3 7 3
5 5 ,4 7 6
5 4 ,9 5 4
J a n . 1 to A p r. 3 0 . . .
2 1 0 ,6 3 5
2 1 8 ,5 0 9
2 9 1 ,9 4 2
P i t t s . 0 . C, & S t . L . . . M a y 1 , 2 1 7 , 8 3 4 1 , 1 3 9 , 9 0 0
2 1 5 ,2 8 1
1 ,2 8 7 ,3 1 0 1 ,0 4 6 ,7 2 8
J a n . 1 t o 51 r y 3 1 . . . . 6 , 0 4 4 , 6 9 0 5 , 7 4 3 , 4 1 8
364
d e f .3 , 3 1 9
P i t t a . M a r . & O h i o .. .. M a r .
3 ,3 7 6
3 ,3 3 1
829
d e f . 1 ,4 7 0
J a n . 1 to M ar, 3 1 , . . .
1 0 ,2 8 4
9 ,9 1 8

Roads.

] 134

THE
-G ross E a r n in g s .-

1896.
H oads.

$

253,146
Pittsburg a Western. Apr.
828.802
Jan. 1 to Apr. 3 0 ---July 1 to Apr. 3 0 ---- 2.483.02U
171,886
Pitts. Youngs. A A ...M ay
531,472
Jan. 1 to May 31 .. .
65,329
Riel). Fred. & P o t.. .Apr.
237,025
Jan. 1 to Apr. 3 ) ...
599,711
July l to Apr. 3 0 ----31,265
Rich. & Petersburg... Apr.
114,490
Jan. 1 to Apr. 3 0 ----290,4 26
July 1 to Apr. 3 0 ....
3 %012
Rio Grande South, b . 4pr.
139,317
Jan. 1 to Apr. 30----408,892
Ju ly 1 to Apr. 3 0 ...,

1895.
$

223,2 44
782,646
2,271,776
150.640
516,445
59,112
221.641
556,475
23,371
103,534
265,416
30,644
114,829
334,153

195,073
199,239
Rio Grande W e st.b .. Apr.
642,265
691,662
Jan. 1 to Apr. 3 0 ....
July 1 to Apr. 3 0 .... 2,040,634 1,737,555
7,715
9,221
g. Tus. & H u ron....A pr.
35,3 56
32, L12
Jau. 1 to Apr. 3 J ....
8,591
7,103
Bag. Valley & St. L. . Mar.
19,427
21.53-5
Jan. 1 to Mar. 3 1 ....
8t.Louis A lt.& T .H .b.Jan
July 1 to Jan. 31 . . .
St. Louis & 8an F r ... Apr.
Jan. 1 to Apr. 3 0 ....
July i to Apr. 30 . . .
St. Louis Southwestern—
Jan. 1 ro Mar. 3 1 ___
July 1 to Mar. 3 1 ....
San Ant. & Aran. P .. Apr.
Jan. 1 to Apr. 30 .. .
Ban Fr. & N. P ao........May
Jan. 1 to May 3 1 ----J u l y l to May 3 1 ....
Bay. Fla. & W e st.b ..A p r.
Jan. 1 to A p r. 3 0 ___
July 1 to Apr. 3 0 ___

108,351
801,313
448.424
l,9 3 o ,7 6 4
5,183,162

103,611
831.432
487,732
1,337.800
5,156.673

1.228,390 1,246,457
3,943,582 4,131,517
160,975
153,152
624,043
550,821
78.395
68,941
271.374
232,174
720,126
744,919
261,463
286,062
1,153,843 1,115,174
2,822,903 2,971,859

Seaboard A ir-bine —
J u l y l to Apr. 3 0 . . . . 2,982,859 2,636,285
Silver Sp. Ocala & G.Mar.
17,75L
17,513
Jau. 1 to Mar. 3 1 . . . .
43,1.93
42,730
8outh H aven & East. Apr.
1,557
1,730
Jan. 1 to Apr. 30 . . .
5,183
4, >79
Southern P acific—
Gal. H. & 8. A n t.b .. Apr.
412,811
379,363
Jan. 1 to Apr. 3 0 .. 1,666,763 1,504,163
Louisiana W e st.b ..A p r.
67,742
86,074
Jan. 1 to Apr. 3 0 ..
317,971
387,451
M’ gan’ s L a .& T .b .. Apr.
345,606
436,256
Jan. 1 to Apr. 30 . 1,651,863 2,053.514
N.Y.Tex. «& M .,b ...A p r .
21,540
27,836
Jan. 1 to Apr. 3 0 ..
64,085
82,583
Texas & N. 0 .. b ...A p r .
107,386
137,403
Jan. 1 to Apr. 3 0 ..
443,337
549,733
Atlantic ays. b . ||. .A p r.
984,211 1,089,161
Jan. 1 to Apr. 3 0 .. 4,193,737 4,631,63 4
Paoiflo sy s te m .b ... Apr. 2,437,475 2,534,101
Jan. L to Apr. 3 0 .. 9,838.765 9,534,356
Total o f a ll...... b. .A pr. 3,719,571 3,9 40,352
Jan. 1 to Apr. 3 0 ___ 15,106,926 15,452,437
So. Pao. o f Cal. b ... Apr. 826,258
823,046
Jan. 1 to Apr. 3 0 .... 3,286,996 3,113,159
So P ac.of Ariz’a.b.. Apr.
185,091
172,027
827,412
Jan. 1 to Apr. 3 0 . . .
790,307
95,142
Sc.Pac o fN , M .b .. Apr.
86,348
Jan. 1 to Apr. 3 0 ....
404,927
356,337
161,163
Northern Rail’ v .b ..A p r .
134,379
625,554
557,742
Jan. 1 to Apr. 3 0 .:.,
Southern R ail way. a .. Apr. 1,393,097 1,403,744
Jan. 1 to Apr. 3 0 .... 6,051,920 5,673,424
July 1 to Apr. 3 0 .... 16,377,41 j 15,319,030
Spokane Falls & Nor. Mar.
29,285
16,130
Jau. 1 to Mar. 31 —
8 L,068
49.3 >5
Staten I. Rap. T r.b ..M a r .
67,080
78,118
Jau. 1 to Mar. 3 1 ___
203,474
204,537
877,052
July 1 to Mar. 3 1 ___
81 3,6J6
1,602
Stony Cl. & C. M .. b . . Apr.
1,619
Jan. 1 to Apr. 3 0 .1 ..
4,892
5,089
July 1 to Apr. 3 0 ....
36,731
35,398
8ummit B ra n ch .e....A p r.
82,693
113,047
Jan. 1 to Apr. 3 0 ....
325,532
397,626
Lykens Val.C oal.e .Apr.
77,390
31,514
Jan. 1 to Apr. 3 0 ___
254,807
303,746
Total both Co’s.e . .A pr.
160,033
144,561
Jan. 1 to Apr. 30 . . .
652,433
629,278
Texas Central............Mar,
18,262
19,643
Jau. 1 to M jr. 3 1 ....
60,351
62,838
Tex. 8ab. V. & N. W .. Apr.
1,984
3,319
Jan. 1 to Apr. 3 0 ....
14,499
10,056
Toledo <fe O. C e o t.b -.A p r.
159,987
133,565
Jan. 1 to Apr. 3 0 ___
597,155
5 33,476
J u l y l to Apr. 3 0 ___ 1,668,9 46 1,665,809
ToL Peoria & West, b May
76,318
86,346
Jan. 1 to May 3 1 ....
400,568
386.663
J u l y l to May 3 1 . . . .
931,827
879,897
Ulster <feDelaware... Apr.
30,446
31.982
Jan. 1 to Apr. 3 0
103,392
98,860
July 1 to Apr. 3 0 ....
351,278
335,420
Union Pacific—
Union Pao. R y ..b ..A p r.
983,358 1,083,344
Jan. 1 to Apr. 3 0 ___ 3,923,061 4,069,787
Oreg. S.L. & U.N.b.. Apr.
444,730
389,649
Jan. 1 to Apr. 3 0 .. 1,604,226 1,381.808
St.Jo9.«fe Gd. I s l .b .. Apr.
53,245
4 i ,9 15
Jan. 1 to Apr. 3 0 ..
197,327
186,103
Kan. C. & O m .b ....A p r ,
10,987
5,056
Jan. 1 to Apr. 3 0 ..
33,147
23,213
Gent. B ra n ch ..b . ..A pr.
35,336
24,442
Jan. 1 to Apr. 3 0 ..
131,892
92,337
Atoll. C. <fc PaC. > ■ A__
mate
21.003
At.Jew.C.&W . 5 b *A pr24>649
Jan. 1 to Apr. 3 0 ..
97,027
89,009

CHRONICLE.

Net E a rn in g s. — ■»

1
1896.
$
93,091
242,666
774.138
76,938
171,795
19,396
77,873
214,013
7,350
32,523
87,403
11,416
56.290
203.598
71,900
2*2,382
806,994
def. 29 3
3.58 L
2.93 <
4.320
43,285
365,639
148,791
730,977
2,094,597
193,475
750,073
33,310
120,05 >
24,437
42,350
203,028
67,983
2 6.343
721,402
907,862
10.628
25,703
def.394
def.2,063
133,754
529,038
21,455
125,542
28.352
351,881
5,456
14,247
35,126
139,047
223,085
1,186,754
731,853
3,068,952
9 3 1 ,LL2
4.4 L6,13 L
253,131
1,112,909
51.353
266,778
32,669
151,491
33,405
174,969
323,525
1,657,798
5,162,326
15,643
48,748
11,842
42,378
3 L7.029
def.230
d ef 3,731
11,464
def.24,433
def.32,451
263
26.291
def.24,170
def. 6,160
2,743
11,019
645
1,636
53,642
192,464
551,615
18,420
103,397
242.546
5,180
11,523
86,654
341,541
1,270.508
231,185
772,217
13 836
38,960
3,078
1,600
15,501
54,697
def.4,930
def. 13,175

1895.

Hroacls.

Union Pacific (Con.)—

rVoL. LXII
-G ro ss E a rn in g s . ---- * ------- Net E a r n in g s . ----- *

$
$
$
$
74*6 U
1,652.416 1,664.76 4
62 2,132
578,940
242,325
6,411.042 6,242,277 2,233,204 1,900,341
751,615 U 1. P. D. & Gulf, b
Apr.
210,258
31,768
29,813
239,306
66,657
Jau. 1 to Apr. 30 .. .
921,455
879,066
169,966
164,193
13 5,0 i 3 W abash.b....... ..........Apr.
960,124
979,106
213,885
213.085
17,616
3,884,548 3,726,078 1,' 2 >,441
871,572
72,020
10,862,440 10,012,905 3,153,010 2,549,022
195,219 Waco & Northw’ n ___Apr.
16,802
15,850
6.691
5,026
9,036
77,440
7->,595
Jan. 1 to Apr. 3 0 ___
32,111
34,786
21,074 West Jersey & Brs. .Apr.
124,394
117,167
25,634
33,272
09,342
Jan. 1 to Apr. 3 o ___
413,804
396,561
61,727
50,928
14.99 4 West Va. Cent. & P ..May
97.655
28,950
88.658
30,487
47,110
Jan. 1 to M ay 3 1 ___
472 374
403,327
154,044
142,623
16 >,435
957,78 7
Ju ly 1 to May 3 1 ___ 1,089,328
373,269
326,119
71,566 W. Virginia <fe Pittsb.Mar.
29,414
30,119
15,594
16.986
290,480
85,156
38,372
Jan. 1 to Mar. 3 1 ....
74,*58
40,010
59 5,906
38,389
35,8 i0
8,091
West’ n o f Alabam a...A pr.
10,555
1.923
179,359
156,425
Jan. 1 to Apr. 30
54,993
49,218
8,080
501,917
•July 1 to Apr. 30 . . .
446,206
186o55
156, >79
2 ,0 77 Wist.N. Y.& Penn. b. Apr.
222,106
74.483
271,571
h.83,951
4,2 72
851,019
198,544
Jau. 1 to Apr. 3 0 ___
948.082
225,729
831.061
July 1 to Apr. 3 0 ___ 2,671,535 2,737,63 L li748,565
48,932
328,554
362,973
87,812
144,429
399,034 Wisconsin C eutral... Apr.
443,316
443, 09
Jau. 1 10 Apr. 30 . . . 1,235,707 1,179,932
185,304
July 1 to Apr. 3 0 ___ 3,610.638 3,314,6*7 1,219,299 1,021,520
678,335
6,243
1,043
3,585
7,627
2,19o,738 Wrightsv. & Tenn.. .Apr.
33,953
667
Jan. 1 ro Anr. 3 0 ___
25,126
16,678
16,696
Ju ly 1 to Apr. 3 0 ___
81.418
33,705
67,511
237.533
1,225,266
a Net earnings aero given are after deducting taxes.
22,582
t> Net darnings here criven are before deduotintr tax es,
143,297
c D educting other expenditures for repairs, replacem ents and general
26,708 expenses, net incom e applicable to interest on bonds in April was
55,046 $94,424, against $38,73u last year, and from January l to April 30
247,422 $117,438, against $325,528. This is the result in Mexioan doLLars
treated (according to the com pany’ s method o f keeplag its accounts)
8L 22 6 as equivalent to 80 cents iu United States money—that is, all depreci­
325.956 ation beyond 20 per cent has already oeen allowed for.
861,437
<1 Figures for 1896 do not include results on A lbany Fla. & Northern,
while those fo r 1895 do.
e Results of coal mining operations only.
612,311
g Including other lucom e, the net for April was $5,644, against $2,6,041 576,
and from January 1 to A pril 30 $17 7,066, agaiast $103,957, and
4,378 from July 1 to April 39 $481,972. against $399,937.
469
Ii Inoiuded in expenses fo r April, 1396, is $1,2 29, and from July 1 to
def.1,371 April 30, i«9 6 , $116 541, which iu form er years would have been
charged to betterments.
t Includes only one-half o f lines in which Union Pacific has a part
115,392
427.022 interest. Figures are given exclusive o f results o q O iegon Railway &
Navigation, Union Pacific D enver & Gulf, F ort Worth & Denver City,
39,635 Leavenworth Topeka & Southwestern and Montana Union.
188,997
|| Including incom e from fe m e s . *fco.
97,081
* Includes Chicago Burliugcou & Northern for both years.
534,936
11,847
Miscellaneous Companies.
25,796
— Gross E a r n in g s .-N et E a rn in g s. ---60,602
1896.
1895.
1896.
1895.
231,631
$
$
$
323,054 Brooklyn Union Gas. Apr.
298,085
117,905
1,413,015
Jan. 1 to Apr. 3 0 ___ 1,441,523
660,616
1,06 >,704
Nov. 4 to Apr. 3 0 ___ 2,254,916
752,071
2 ,5 8 9 ,6 3 ) Col. Fuel & Iron.......Mar.
38,962
64,496
July 1 to Mar. 3 1 ....
458,458
605,803
1,175,486
4,404,499 Edison El. Il.Co.,N. Y.. May
169,167
77,752
155,85 )
75,146
946,837
477,121
Jan. 1 to May 3 1 .,..
863,311
417,729
279,207
1,004,482 Ed. El. 111. Co., B klyn. May
62,684
b7,053
26,362
13,687
343,3 L7
Jan. 1 to M ay 3 1 ----2 1 6 ,9 2 0
y6,181
156,708
32,103
232,382 Ed. El. lll.Co. .St.Lou.. Mar.
26,773
28,962
Jan. 1 to Mar. 3 1 ....
88,551
108,337
15,169
76,837 Gd. Rapids Gas-L. Co.. May
6,473
7,108
Jan.
1
to
May
3
1
---45,124
50,293
18,049
63,465 Laclede Gas-L. Co.. .May
43,623
53,560
Jan. 1 to May 3 1 ___
315,112
349,173
284,173
1,5 >4,206 M exican Telephone..M ar.
10,399
3,383
4,931
9,046
4,766,270
Jan. 1 to Mar. 3 1 ___
11,982
29,715
12,959
26,893
6,558 Oregon Imp. C o .a ....A p r ,
281,501
254,776
27,854
27,805
22,591
Jau. 1 to Apr. 3 0 ___ 1,030,855 1.094,221
71,645
50,906
Dec. 1 to Apr. 3 0 ___ 1,271,182 1,28 i, 417
46,398
93,538
24.021
49,353 Pacifio M ail________ Apr.
40,724
90,051
317,889
385,381
327,039
Jan. 1 to Apr. 3 0 .... 1,317,217 1,458,194
30 4,89L
215,961
175 Tenn. Coal Las R R ..M ay
72,815
74,108
def. 671
Jan. 1 to M ay 3 1 ___
291, 52
383,142
16,508
Western Gas Co.—
2,112 Mil waukeeGas-L. Co.. May
27,214
27,102
63,327
Jan. 1 to M ay 31___
170,818
176,843
d e M ,3 2 5
35,173
Interest Charges and Surplus.—The following roads, in
787 addition to their gross a n d net earnings given in tne foregoing,
98,500 also report charges f o r interest, <&c., witn the surplus or deficit
4,237 above or below those charges.
17,037
.- I n t e r ’ t, ren ta ls, <ic.-B a l. o f Net B a r n s .870
1896.
1895.
1895.
1996.
5,528
R oads.
$
$
$
$
38,292 Bangor <&ArooatooR. Apr.
21,636
296
18,196
7,795
140,46 s
Jan. 1 to Ape. 3 0 ....
86,044
71,683
7,609
1,286
561,253 Buffalo & Susqueh’a Apr.
12,987
8,804
def.632
3,814
15,789
J u l y l to a.pr. 3 0 . . . .
120,925
8 3 ,u4 2
58,023
20,o59
75,555 Camden & Atlantic... Apr.
11,593
12,475
*5,214
*3,589
202.306
Jan. 1 to Apr. 3 0 ....
59,548
60,511 *def.51,887 *df.30,657
6,770
Burl.& Quincy.. Apr.
880,000
872,954 df. 100,326 def.64,277
7,680 Ohio.Jan.
1
to
Apr.
3
0
___
3,520,000
3,491,817
40,705 d i.431,712
78,895
Chicago & East. Illinois.—
July 1 to Apr. 3 o ___ 1,033,016 1,003,341
510,063
148,299
3 n ,4 2 6
1,377,143 Chic. Great W est’n—
July
l to Mar. 3 1 ___
924,517
183,609
169.621
438,682 Chic. & West M ioh ...A p r,
33,671
33,137 def. s,603
422
JaD.
1
to
Apr.
3
0
....
135,258
134,666
def.ti0,i7d
def.57,845
7,310
36,374 Oiev. Oin. Ch. &St. L. .Apr.
230,741
232,014
10,865
50,497
July 1 to Apr. 30 . . . 2,363,024 2,361,623
557,990
452,072
d ef.4,243
Peoria & Eastern .. Apr.
def.93,086
36,802
36,802 def. 15,153
2,253
July
1
to
Apr.
30
.
.
.
363,017
368,017
32,227
4,280
7,049
20,101 Denver & R io Gr’de. Apr.
200.963
199,360
21,249
28,198
July 1 to Apr. 3 0 ___ 1,961,253 2,001,300
745,912
4 1 a ,149
def. 6,729 Det. Lans. & N or...... Apr.
116,251
29,846
826 def.6,713
def. 11,556 jXIgiJau. 1 to Apr. 3 0 ....
106,299
119,820 def.56,029 d ef.58,768

1135

THE CHRONICLE.

J une 30, 1896,j

L a test G ioss E a rn in g s.

s—In ler'st. ren tals, d c . s r~Bal. o f N et E a rtis.—.

Jan. i to L a test D ate.

G ross
1S96.
1895.
j
1896.
1895.
E a r n in g s .
W eek o r M o 1896.
1895.
s
$
1
-Flint & F ere M arq....A pr.
322
11,438
$
Jan. 1 to Apr. 30___
21,022 def.12,346 New England St.—
72.665
79,222
Winchester A ve.
Indian a Deo. A West’ll—
May----20,711 18,680
9,548
10,946
5,600
2,590
5.600
19*544
Jaa. I to Feb. 3 9 ___
2,290
Plym ’ th & Kingston May. ...
27,235
AkJune 13
6,004
5,943
T o t a l ,........... .
10,030
10,539
K anawha & M ich___ Apr.
1,730
1*246 *
1 6 ,3 4 0
23,478
4,042
M
a
y
....
N
ew
Haven
&
Cent
rev
5,065
106,204
102,172
def.642 def. 12,586 :
July 1 to A pr. 3 0 ___
47,278
54,835
14,845 12,565
New Haven St. R y . .. A p ril....
9 ,8 4 2
1X4,196
108,367 def.8,758 def.3,299 i New London St R y .. A p ril__
. 0 . Ft. 8. & M. ..A p r.
10,628
2,660
2,916
518,431
566,233
July X to Apr. 3 0 ___ 1,152,923 1,113,868
41,498
86,901 ! New Orleans Traction M a y ....
2j,763 122,444
232.260 279,026
1^,871 def.9,309 aef.9,015 j
16.507
M arch..
. C. Mem. A B lr..A pr.
117,573
63,224
143,951
42,211
Ju ly X to A pr. 3 0 ___
12,997
19,307
March..
4,920
6,256
57.897
57,292
83.352
63,695 j (Mass.)............ .
1m Erie A W est’n ... ..Apr.
3,763
1,274
230,489
264,^2*$
231.737
269*050 Ogdens burg St. R y . A p ril...
Jan. X to Apr. 3 0 ___
M ay—
Paterson R y .___.. .
32,^57 27,C30 127,789 102,528
86,898
S4.921
17,625
1,999 Pitta. Frontenac &
Louisv, N. A. & C h..,A pr.
845,8u5
80,801 def.50,397
5,435
830,556
July 1 to A pr. 3 0 ....
sab.E lec. Rv,(Kan.) A p r il......
1,377
16,043
5.443
124,672
126,837
Naahv. Chat. A St.L-.May
1,298
20,973 Po’keepaie & Wapp. F, M a rch .....
11,60.
9,398
2,656
406,615
3.443
360,835 Roanoke S tr e e t....... A p ril........
July X to May 3X . . . 1,374,104 l,3 9 2 ,6 u l
187,100
M a r c h ..... 70,975 65,038 210,775
307,331
302,374 def.15,389 def.37,093 Rochester R y ..
Pitta. C, C. * St. L ... May
February..
5,441
8
av
aim
a
u
E
le
c
tr
ic...
3,470
Jan. X to M ay 31___ 1,402,198 1,359.962 df.114,888 df.313,234
32,565
38*524
7,64"
Schuylkill t racdou,. M a y .. . . . . .
8,856
15,131
11,484
Phil. Bead.A
Ear.M ar.
20,655
11,609
12,151
9,651 Schuylkill Val. Trae. M a y .........
4,479
5/582
34,829
34,704
5,801
8,266 Soranton Traction .. . M a y .......... 30,763 25,001 132,56* 103,901
Jan. 1 to Mar. 3 1 ....
74,530
14,192 tief.2,807
14,223
802 Second Ave. (Pittsb.) A p r il...... 38,90r 22,388 136,042
Bio Grande South___Apr.
31,288
3 ,3t 9
6,333
dftf.601 def.9,657 Sioux City Traction M a y ..........
56,891
56,767
Jan. 1 t» Apr. 3 0 ....
6.828
84,641
60.371
Steinway R y ... . . . . . . . M ay........... 34,963 22,991 120,085
142,227
.. . .
Ju ly 1 to Apr. 30 . . .
2
,i2
o
1,827
888
991
3,557
def.569 def. l,4 ? 0 Streator Railway. . February*3,557
Sag. Valley A St. L .Mar.
70,876
53,763
M
a
y
..
.
.
.
.
.
13,467
11,026
Syracuse
C
o
n
s
o
l.___
10,670 def.5,850 def.6,398
10,670
Jan. 1 to Mar. 3 1 ___
14,884
Syracuse E’st-SideRy May. . . —
3,515
79*709
9,183
134.122
S t Lout* Alt. A T. H. Jan,
15,688 Syracuse St. R R ..___ May........... 27,340 22,726 121,289
131,2 U
7,909
12,819
t249,»98
109,708
July l to Jan. S I ___ 1255,931
149.016
7,909
Terre Haute El’c. Ry J anuary... 12,819
584,541 580,521
M arch .. . . .
19,213
5,224
19,317
7,391 Third Ave. (N. Y.)
Ban Fran. A No. Pac. May
2
)8,40
4
298,53S
88,249 d e l.44,879 def.33,203 Toronto R y................. A p r i l ...... 76,241 75,199
87,729
Jan. 1 to May 3 1 ___
Twin City Rap. Tran A p ril....... . 161,071 152,916 6 19,587 590,074
180,503
191,647
12,5 25
July 1 to May 3 1 ....
55,775
63,224
77,547
26,224
47,884
48,735
24 030 C olon (N. B edford)... May. . . . . . . 18,342 15*028 524,570
Tenn. Coal 1. A R R . May
254,040
143,722
36.912 United Tract. (Provo A p ril......... 137,045 119,681
239.420
Jan, 1 to May 3 1 ....
00*303
69,698
19,43i 17,938
Uni t„ Trao* { Read! ns) M ay.........
33,613
38,138
-20,306
*312 Utica Belt L in e...— . M arch....... 13,449 11,537
38,650
38,593
Toledo A Ohio Cent. .Apr.
15,819
346, tu3
* 170,827
19,200
389.692
*224,277 Wakefield & Stone .. . M a y .. . . . . .
July 1 to Apr. 3 j . . . .
4,651
5,584
89,153
97,343
2 i,9 0 i
20,734 def.3,481 d e f.4 ,9 15 Waterbury T raction.. May. . . . . . . 20,25 i 20,386
Toledo Peo. * W est..M ay
40,937
50,760
231,801
2L9,359
10, <45 def. 17,053 Wheeling Railw ay. . A p r il...... 13,688 11,326
July I to May 31 ..
43,625 37,169 193,404 151,426
21,410
*13,265 W ilk e# , & Wy. Valley May.........
*7.490
18.583
West Jersey A B r s .A p r .
39,053 32.474 145,80" 119,737
lU
1,174
*d
etl2
,6 i9 *d ef,1 0 ,6 3 3 Worcester Consol.......April
84,888
Jan. 1 to A pr. 3 0 ----Harainira in May, 1895, w ere increased b y Confederate Soldiers’ Re­
• A fter allowing tor other Income received.
union in Houston.
: These ate charges on the new basis as they stand after reorganisa­
tion.
Street Railway Net Earaiags.—Ia the following we snow
t These chargee are sim ply for ta le s and rentals o f leased lines and
botti the gross and the net earnings to latest dates of all St r e e t
d o not Include bond Interest.
Is 96.
$
51,376
201,509

H oad*,

1*95.
s
51,496
204,914

STREET RAILWAYS AND TRACTION COlieAN IES.
The following table shows the gross earnings for the latest
period of ali street railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is
the same as that for the steam roads—that is, the first two
columns o f figures give the gross earnings for the latent
week or month, and the last two columns the earnings for
the calendar year from January l to and including such latest
week or month,
STREET
G ross
E a r n in g s .

RAILW AYS

A N l> TRACTION

L a test Gross E a rn in g s.
Week o r Mol

1896. I 1895.

COMPANIES.
Jan. 1 to L atest Dale.

1896.

1895.

$
$
S
31.805
A Scroa B e d f d A C le v . M a y .
9,674
83.990
18,592 1 4 ,3 #
69,518
A k r o n Nt.Ry.Ak 111. C o M a y .
80,744
72,223
A i l e n t ’ o A L e d . T r ' t ’n M a y ,
21,234 19,119
12,920
14,177
3,679
3,675
Amsterdam 8c. K y ... April
144,852 117,234
35,101 3 0 , 6 6 s
A t l a n t a C o a . S t . R y . . M ay .
354.326 317,592
B a l t i m o r e T r a c t i o n . . . A p r i l ...... 97,469 87,879
7,260
0,786
1,819
1 ,7 9 6
R a t h 8 t- R y , (N . Y . K . .M ay .. . . . . .
32,759
7,315
30,463
6,969
Ray Cities C o n s o l.... M a y .. . . . . .
43,220
52,016
Binghamton St. R y ,.. M a y . ............ 12,725 1 0 , 8 0 0
Bridgeport Traction, 1 s t w k J ’n e
7,355
6,232 127,194 109,002
92,912
26,098 22,549 112,229
Brockton Con St. Ry. May
826,197 1,022,158
B r o o k l y n E l e v a t e d . . 2 d wkJuuev 28,089 38,079
Br'kiyn Rap.Tr. Co.—
Brooklyn Height* May, . . . . . . 425,420 379,615 1,747,889 1,313,984
Br'kiyn Qu’ d* A but. M ay...........j 69,217 58,866 273,302 201.875
Total fur system May. .
40*
no" 438,181 2,021,191 1,515,859
494,631
335.154 297.363
B u f f a lo R y .................. ..
M a rc h
59.147
53*971
14.805 13,523
Central Trao.(PiUab.)(A p r i l . .
63,360
71,039
Chester T r a c t i o n ___ / M a y . .
19,725 17,2761.806 68,429 254,818 261,502
Chic. & 8o. Side K T . A pril.
50,950 45.159 185,826 165,994
OfeDh N e w p o r t & C o v , J A p r i l . .
CU'a P a s . Ry. { f n d ’s .) | A p r il..
75,985 72,»58
“ 7,977
2*010
l , v3
C ity E l e c , ( R o m e ,0 a . ) M a y .
A p r il..----- 8 9 , 7 0 0 80,864 336,335 297,152
Cleveland City Ry.
Cleveland E lectric. -. M a y , . . . . . . 150,758 129,660 654,933 558,137
Obtain has 8t. Ry <00 May. -------- 58,169 55,077 259,428 2 49*100
36.229 34,028 123,857 13 j,881
Coney Island & B’ lyn May.
Consol. Traction. N.J M a y ...... 254,753 215,355
41*6*59
7,672
D aov.fi’?*E.L.A-86,Ry. M a y ,. . . . .
6,145
59,332 57,350 222,119 214,606
Denver Con. Train w. A p ril.......
136,405
35,109
Detroit R y .. . . . . . . . . . / A p r i l . . . . .
83,666
81 549
18,343 18,375
Duluth St. R y ,. . . . . . . /May.........
49,162
57,766
13,89-1 11,756
Erie Elec. Motor C o ., M ay.........
7,462
1,384
2,301
' College
“ "
Flashing &
Ft. M a y .. . . . .
30,956
42,705
8 ,3 8 9
11,339
Fort Wayne < on sol.,. A p ril____
27,010
26,317
Galveston City R y ... February.. 13,058 12,449
Herkimer Mohawk II*
10,415
3 ,6 67
1,701
ion a F k fort EL Ry . March....
3,175
9 0 . . . . ..
Hoofliok R y . . . . . . . . . . . Way. . . . . . .
Houston City St. R y.. M a y , ........... 18,133'*29,133
Interstate Consol, of
45,462
10.720
North A ttleboro .. May. .
52,908
Lake St. Kiev. (C h ic/ A p ril.
37,008
9,126
Lehigh T r a c t io n ...... A tn i,
5,292
3,467;
Look Haven Traction A p ril__
19 399
4.88 4
2 9 ,9 18,
7,0*5
London St Ry. (Can.). May. ..
22,467
20 ,3-4 '
Lorain St. R y___ . . . . . April
5,688 j 6,606
36.652: 36,554 147.040 134,588
Lowell Law, & Hav
M ay— . . .
50L,984! 4 39,770
Lynn A Boston
4 th w k M a y 4*,3901 41,797
M * c r o p , {1Ca n s a e C i t-v i 2 w k s J u n e 74.371, 70,715
376,219;
326,008
Milw. E h Rv. A L. Co. M a r c h .
13,913
15,869!
M ontgomery 8t, Ry A p iiL .
4.888
3,983
114,263 100,600 486,322 404,505
M o n t r e a l S t r e e t R y , . . M a y . ..
24.804 23,887
N aahvillest. R y .. . . . . M a r c h ,
« A tjl 5..eP5i
Newburgh Eleoirfe,. Mav. .,

railways from which we have been able to procure monthly
returns. As m the case of the steam roads, the returns of btie
different roads are published by us each week as soon as re­
ceived, and once a month (on the third or the fourth Satur­
day of the month) we bring ail the roads reporting together,
as ia done to-day.

—Gross E a rn in g s .*— s ,------Net E ari i m g s . ------*

1895.
1896.
$
$
14,380
18,592
A km a St. Ry. A ill.Co.. May
83,990
69,518
Jan. 1 to May 31___
14,056
14,350
Allentown As Leh.Tr Mar.
38,043
42,728
Jan. 1 to Mar. 3 1 ....
3,675
Amsterdam St. B y... Apr.
3,679
12,926
Jan. 1 to Apr, 3 0 —
14,477
35,101
30.683
Atlanta Cons. St. By.M ay
117,234
144,852
Jan. 1 to May 3 1 ....
1,819
1,796
Bath Street R y. ____May
7,260
6,786
Jan. 1 to May 31 —
7,3 L5
6,969
Bay Cities Consol___May
32,759
30,463
Jan, 1 to M ay 3 1 ___
10,860
12,725
Binghamton S t Ry...M ay
52,616
43,228
Jan. 1 to May 31___
30,012
25,523
Bridgeport Traot’n..,M ay
102,770
119,339
Jan. 1 to May 3 1 —
22,519
26,693
Brockton Con.St.Ry,. May
92,912
112,229
Jan. 1 to May 3 1 ....
157,542
171,697
Brooklyn Elevated.aApr.
768,045
623,461
Jan. 1 to Apr. 30----July 1 to A pr. 30 .. . 1,583,436 1,581,495
17,279
19,725
Chaster (Pa.) T ract...M ay
63,360
74,039
Jan. X to May 3 1 ___
61,306
*
68,429
Chic. & 8o. Side R. T.A pr.
281,502
254,818
Jan. 1 to Apr. 3 0 ___
50.950
45,959
Chut. Newp. & Cov . Apr.
165,994
185,825
Jan. 1 to Apr, 3 0 ....
2,010
1,835
C ltyElec.lRom e.G a.) May
7,977
Jan. 1 to May 3 1 ___
Clty&Sub.Ry. (Balt.)* Jan.
111,524
128,282
Cleveland E lectric...M ar.
311,051
372,666
Jan. 1 to Mar. 31___
t>5,077
53,169
Columbus (0 .)8 t. R y.M ay
239.100
259,428
Jan. 1 to May 3 1 ___
6,445
7,672
Danv.Gas El.-L St.RyMay
41 059
Jan. 1 to May 3 1 ___
57,350
59,332
Denver Con. Tram s'.. Apr.
214,606
222,119
Jan. 1 to Apr. 3 0 —
Detroit R ailw ay........Apr.
........
136,405
Jan. 1 to Apr. 3 0 ___
17,765
17,561
Dalntli Street R y___Apr.
65,706
65,291
Jan. 1 to Apr. 3 0 ___
7*779
10,409
Ft.W ayne Cons. R y..M ar.
22,567
31,368
Jan. 1 to Mar. 3 1 ___
12,449
13,058
Galveston 01tyK y
Fe o.
27,010
26,317
Jan. 1 to Feb. 2 9 ___
Herkimer Mohawk Illon
1*701
3,667
& Frank. E l.R y ___Mar.
Jan. 1 to Mar. 3 1 ----Inter-State Consol. Street
10,720
Ry. (No. Attleb ).,.M a y
45,462
Jan. 1 to M ay 3 1 ---Bake 8t. Elev. (Chloago)—
Jan. 1 to M ay 3 1 ....
9,126
Lehigh Traotion........Apr.
37,008
Jan. X to Apr. 30 . . . .
102,592
July X to Apr. 3 0 ---4,884
7,655
London 8t.R.y.(Cati.}.May
19,399
29,913
Jan. X to May 31----Bonds.

1896.
$
8,581
35,499

1895.
$
6,241
29,718

.............
19,099
303
1,601
19,144
63,415
340
1,455
3,038
9,732
6,106
20,530
14,644
50,370
11,424
43,037
67,483
245,933
04 5,8i5
10,069
35,319
23,154
90,717
15*217
43,075
657
1,880
16,538
43,309
12 0,i42
32,130
128,094
19,650
23,672
84,749
10,336
38,686
8,701
30,827
10,138
3,755
6,707

16,623
370
197
16,158
50,209
112

515
2,193
8,o 10
4,379
12,507
13,172
38,918
10,701
37,733
76,220
355,901
669,707
9,067
29,992
23,146
75,525
12,258
33,745
331
7,268
36,707
89,740
28,098
115,953
22,280
78,803
9,418
28,810
7,082
8,708
8,408

5,375
2,039
4,706
113,422
4,782
14,4^3
46,117
2,619
9.357

1.308
2,093

THE CHRONICLE.

1136
-G ross E a r n m g s .—

1895.
1896.
*
$
5,688
6,606
LorainStreet R.v.(0.).Apr.
22.467
20,384
Jan. 1 to Apr. 3 0 ___
36,652
36,554
147,010
134.588
Jan. 1 to May 3 1 ....
93,713
104,316
Lynn & B o s t o n ........Apr.
345,292
377,184
Jau. 1 to Apr. 30. ..
137,996
143,198
531.662
493,094
- Jane 1 to Apr. 3 0 .... 1,620,592 1,551,410
Mil w. El. Rv. & Light Co.—
376,219
326,608
Jan. I to Mar. 3 1 —
3,933
4,888
Montgomery St. Ry .Apr.
15,869
13,913
Jan. 1 to Apr. 3 >—
23,887
24,801
Nashville Street Ry.Mar.
5,805
8,544
Newburgh Elec. R y.-M sy
2,916
2,660
New London St. Ry..Apr.
9,842
10,628
Jan. 1 to Apr. 3 0 ---109,216
110,360
New Orleans Traot... Apr.
442,465
395,987
Jan. 1 to Apr. 3 0 —
4,920
6,256
Northampton St. Ry.Mar.
12,997
19,307
Jan. 1 to Mar. 31 —
32,857
27,030
Paterson Railw ay. ..M ay
102,528
127,789
Jan. 1 to M ay 31 . . .
Pitts. Frontonac & Sub.—
1,377
E lec. Ry. (Kansas). Apr.
5,435
Jan. 1 to Apr. 3 0 ..8,155
Nov. 1 to Apr. 3 0 ....
5,448
P ’k’ ps.City&W. Falls Mar.
16,043
Jan. I to Mar. 3 L ....
Savannah Elec. R y ..F e b .
Schuylkill Traction.. May
Jan. 1 to May 3 1 ....
Scranton T raction..-M ay
Jan. 1 to M ay 3 1 ----July l to May 3 1 —
Scranton & Carb. Tract.—
J uly 1 to A pr. 3 0 .......
8ioux City T raction..M ay
Jan. 1 to May 3L —
Toronto Street R y ...A p r.
Jan. 1 to Apr. 3 0 ----Twin Citv Rapid Tr..Apr.
Jail. I to Apr. 3 0 ---United Tract. (Providence)
Jan. 1 to Mar. 31 —
U tica B elt Line St. R y.—
Jan. 1 to Mar. 3 1 ....
Waterb nr >*Trac t'n . -. May
Jan. 1 to May 3 1 ----Wilkesb.&Wy.Val.Tr.May
Jan. 1 to May 31 —
Worcester Consol— Apr.
Jan. 1 to Apr. 30 . . .

-N e t E a rn in g s. ------. |

1896.
$
1.392
4,173
17,054
49,681
39.189
117,397
59,043
198,351
67L.080

1895
*
3,350
8,271
15,609
38,253
27,190
101,074
52,690
165,670
579,300

138,776
2,213
7,140
8,492
4,547
435
1,148
50,021
201,398
425
4,446
14,978
53,225

101,943
1,259
4,750
7,537
2,549
40 L
9 S3
51,807
167,779
2,277
1,811
12,907
37,718

d ef.1,431
2,146
8,789
12,113
39,830
96,785
14,868
409
2,356
35,994
117,356
8 5,020
306,030

5,441
8,8 ^6
38.524
30,763
132,503
301,033

3,470
7,640
32,565
25,001
103,901
241,816

734
2.543
3,592
1,250
4,450
6.0.10
585
4,127
16,631
16,526
63,6 »9
151,166

31,811
6,828
32,360
76,241
298,536
161,071
619,537

27,774
6,333
31,288
75,199
278.404
152,916
590,074

17,379
672
5,303
35,024
127,003
89,014
330,141
144,766

387,525
38,650
20,254
97,343
43,625
193,404
39,053
145,800

33,613
2 ),386
89,153
37,169
151,426
32,474
119,737

13,784
10,456
43,131
23,091*
100,122
11,601
34,108

12,158

.........
20,943
71,232
8,598
23,642

a Net earnings liere given are after deducting taxes,
b Net earnings here given are before deducting taxes.
* Includes Lake Roland Elevated Railroad.

Interest Clurges ami Surplus. —
Tne following St r eet
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, & c., with the
surplus or deficit above or below those charges.
s -I n te r 't, ren ta ls , &c.— S a l . o f N et E a r n s .—
Roads.

Denver Con.Tramw.. Apr.
Jan. 1 to Apr. 3 0 ....
Herkimer Mohawk Ilion
& F rankfort El. R y.—
Jan. 1 to Mar. 3 1 ....
London 8t.Ry.(Can.).Apr.
L ora iu 3 treetR y .(0 .) Apr.
Jan. 1 to Apr. 3 0 ....
Rapid Ry. (Detroit)—
July 14 to Mar. 3 1 ...
Schuylkill T raction..M ay
Jan. 1 to May 3 1 ....
Scranton & Carb. T ract.—
July 1 to Apr. 3 0 ....
Waterbury Tract. Co.. M ay
Jan. 1 to May 3 1 . . .

1896.
$
17,878
71,428
1,875
1,012
1,000
4,000
10,625
2,033
10,416
8,333
3,648
16,280

1895.
$
17,446
69,650

302

2,083
10,416
8,333

1896.
$
5,794
13,321
3,500
1,114
392
173
7,473
2,044
6,265
9,046
6,808
26,851

1895.
$
4,834
9,153

422

63
def. 1,627
6,533

ANNUAL REPORTS.
Annual Reports.—The following is an index to all annual
reports of steamrailroads, street railways and miscellaneous
companies which have been published since ths last editions
of the I nvestors ’ and S treet R a i l w a y S upplements .
This index does n o t include reports in to-day’s C hronicle .
R ailroads and M iscel . Co ’ s.
I R a il r o a d a n d M iscel . Co ’ s (C on.)
V olum e 62 —
Page.
V olum e 62—
P a g e.
Allegheny Valley
J ; Monoagahela River R R ................ 807
Burlington.Ced.
Rapids & North.. 800 |New England Tel. & Tel................. 900
-----------Canada Southern.............................1033 N. Y. Chicago & St. Louis............... S60
Central Pacific.....................108', 1090 I Norfolk & Western........ ............. 905
C h ica g o E d ison C o ...................................

987 1O h io R i v e r .................................................... 946

Chicago A Northwestern ............1037 jOregon Improvement Co.. ............. 1084
Chicago Rock Island & Pacific ....1037 ;Oregon Short Line & Utah North’n 819
y*!0- & West Michigan.................. 820 IPacific Mail Steamship................... 986
. x Western Indiana................1084 Pennsylvania Steel. ..................... 770
Cin. lCam. a; Dayton (0 m onth?)...1038 Philadelphia Gas Co...................... 947
Cincinnati & .Muskingum Valiev.. 900 St. Joseph & Grand Island............ 819
Electric Storage Battery...............1038 Southern Pacific Co...............1083,108 >
Flint. Sc Pere Marquette............... 819 Union Pacific................................. 818
I t. Worth & Denver City............. 1085 United States Rubber Co.............. 917
General Electric............................. 770 Wilmington & Northern.............. 867
Grand Rapids & Indiana................ 775
International aS: Great Northern... 1033
Str e e t R a il w a y s .
Kansas City & Om h i .................. 819 Allentown & L. V.Traction.......... 906
Lake Erie & Western.......; ...818, 820 Louisville Railway ........... ......... 411
Lake Shore
vi
■r ■ Ac Michigan
......Southern.
........... 834
.. Milwaukee Elec. Ry. & L ig h t...... 1038
Mahoning Coal H R ......... ............ 805 North Hudson County.................. 411
Mexican Central.... ....... 805,817, 823 ! Sacramento Electric Pow. & Ljrt.. 411
Michigan Central
..................... 805 i Twin City Rapid Transit....... .
600

[V ol, LXII,

Chicago Great Western Railway.
C R e p o r t f o r n in e m o n th s en d in g M a r c h 3 1 , 1 8 9 6 .)

The offijial statement to the New York Stock Exchange
gives the following income account for the nine months end­
ing March 31, 1896 :
Freight earnings........... $2,731,790 R e n ta ls............................ $327,933
P isseu ger...............
745,518 Interest on—
Mail ................................
76,039
105,363
Priority loan...............
E x p r e s s ..........................
56,350
D ebent’re stock, c ish
240,748
R e n t a l.............................
5,691
Debeut’re stock, scrip
111,683
Floating debt............
6,432
M iscellaneous................
6,932
Sterling loan................
23,740
108,000
Total gross earn'gs.$3,622,728 T a x e s...............................
Operating ex pen ses___ 2,514,602
Total c h a r g e s.......... $924,517
Net earnings ...........$1,108,126 Surplus fo r 9 m onths.. $183,609

Also the following balance sheet :
31, 1896.
L ia b ilities —
Priority loa n ------------Lease warrants.........
Debent. s t o c k ............
Pref stock A ............ .
Pref. stock B ....... . . .
C o m m o n 's to ck ...........
lot. w a r r a n ts..............
Deb. stock in trust___
Sterling l o a n ....... ......
Audited vouchers.......
Pay rolls. .............
Taxes accrued.......... .
Bills payable . . . .......
R entals.................
S u b scrip tion s.............
Amounts payable . . . .
Mileage certificates...
Insur. collected ..........
Iut. red. in stock.........
Interest m aturing . . .
Int. on stock issuable.
Surplus nine m onths..
Bonds res'd for C. St.
P. & K. C,.......„..........

ealance sheet march

Assets _
Coat of ra ilw 'y .. ........$51,209,553
Coat o f e q u i p ....... ......
3,910,855
Deb. stock iu trust . . .
827.950
Do
in treasury.
73,150
P ref.A stock iu trea s’y
79,800
Stocks and b o n d s .....
710,823
Casn on h m d ..............
559,0 ) 2
Fuel and m aterial.......
223,427
Dus from a g e n t s .......
116,675
Due from other c o s ...
74,012
Due from iauivid’s __
78,8 L4
Accts. and bills re­
ceivable . . . ................
197,734
Interest payable iu
s t o c k ...............
690,422
Cash in L o n d o n .........
7,560
Scrip for interest.........
18,900
Incom e ac^t. 1895.......
370,561
Cli. St. P. A K. City
sec’s outstand ing...
1,078.625

T otal...................... $60,233,872
- Y . 62, p. 1087.

$2,323,150
1.283,631
11,609,403
11.115,600
7,441,190
20,809,145
73,971
827,950
1,0 )6,7 87
469,390
259,094
24,743
117,442
13.902
99,000
2,530
70,499
1,704
690,422
167,620
26,460
183,609
1,078,625

T ota l.............. ...........$30,233,872

North American Company.
( R e p o r t f o r y e a r en d in g M ay 31, 1S96.)

President Charles W. Wetmore, in the annual report, says
in part:
M ilw aukee E lectric R a ilw a y & L ig h t. —The reorganizition
of the Milwaukee Street Riilway was successfully accom­
plished in every detail, and the new bonds belonging to your
company were delivered May 1and have all been sold. Your
board regards thissale asmost fortunate notonly for the direct
interests of your company, but also for its indirect effect upon
its credit through the financial associations thus established
both here and abroad.
P a ym en t o f C ollateral N otes. —Following this sale of bonds,
we paid all the collateral promissory notes, leaving the com­
pany, for the first time in its history, entirely free from debt
and with a substantial cash working capital.
M ilw aukee S trik e , E tc . —The earnings of the Milwaukee
Company daring the calendar year 1895 showed a large in­
crease month by month over those of 1894, and this increase
steadily continued until May 31 last, when a strike of the
conductors and motormen occurred. Within the next two
weeks the company supplied substantially all tlieir places,
but the strikers had succeeded with the assistance of various
trades unions in inaugurating a determined boycott, which
prevailed without abatement until about the 1st of June,
with the result that the earnings of thecompany for the month
of May were greatly reduced.
They are now, however,
rapidly increasing, and there is every indication that the boy­
cott will soon cease entirely. With this exception the prog­
ress of the Milwaukee Company has strengthened our confi­
dence in the future of this enterprise.
C in cin n a ti E d ison E lectric C o . —The Cincinnati Edison
Electric Co., in which your company is largely interested, has
materially improved its position during the past year. Owing
to a decision of the Court holding that the contract with the
city was not legally enforceable, the installation of city lights
was suspended until a remedial act was passed by the Legis­
lature of Ohio in April last. Fifteen hundred city lamps
have already been installed, and it is expected that during the
remainder of the calendar year this number will be increased
to 2,500. The net earnings for the twelve months ending
April 30, 1896, have been over 870,000. Substantial additions
to the plant have been made, and it is confidently believed
that the profits will steadily increase during the coming year.
P r o s p e c t s 'With improvement in the business conditions
and a continuance of careful administration, we anticipate
that the coming year will see a substantial enhancement in
the value of your company’s assets and property.
T reasurer's S ta tem en t.—The Treasurer on June 17,1896,
reports:
ASSETS.

Milwaukee Eleotrlo R iilw a y & Light Co. p re fe rre i 3to3k
(par v alu e)........................
$3,390,300
Milwaukee Eleotrio Railw ay & Light C o.oom inon stock (par
v alu e)................................................................
3,078,000
Cincinnati Edison Eleetrio Co. (par v a lu e ).... . . . . ............... .
331,733
M iscellaneous securities and p ro p e r ty ................................
39,741
Demand loans secured by collateral................... ...................
207,339
Time loans secured by c o lla te r a l...............................
145,400
A ccounts receivable ....................................................................
253,130
Cash...................................................................
434,565
L IA B IL IT IE S .

T be oom pany has no liabilities, exoept current corporate expenses o f
administration, and exoept an open aooount o l $17,86 0, arising out of

THE CHRONICLE,

JCSE 20, 1896. J

the contract under which the com pany orlglaally acquired its p rop ­
e r ty . which is carried as a contingent liability, but whtoh it is not e x ­
pected that the com pany will ever have to pay, at least in full.
C U R R E N T INCO M E A N D EX PE N SE S FOR T E A R EN DIN G MAY 31.
Taxes paid.................................................................................
$6,202
Salaries, rental, legal expenses and all other expenses o f ad­
ministration ..............
34,233
Interest paid and accrued ......................................._...................... 132,050
Interest, dividends and reatais received and a c c r u e d ........... 123,306
—V. 62, p. 1088.

1137

R oa d.—'The eross ties renewed numbered 106,463 and about 5 1*
miles of track were ballasted; 51,753 feet of diteniug and 9 3,136 feet
o f banking was done.
E q u ip m e n t —Equipm ent oonsists o f : Locom otives, 2 3 ; cars in pas­
senger service, 23; in freight, etc., 1,430.
lo n n a g e .— The total tons of fc right c irr ie d was 612 631 ( iff liust
591,0721a 1814). o f wuioa 233.722 was coal, 83,8 >5 fore3C p o d iocs,
57,019 grain and fl me, 42,9 *=> iron and steel. Average tons per train
112-48, against 118-40 in 1894.
E a r n i n g s .—
Results for

two years show the following :

EARNINGS AN D EXPE N SES.

Jacksonville Tampa & Key West Railway.

1895.

( Report for the year ending March SI, 1S9G J
The Receiver’s report says in part:
General Remarks.—The* effects of the great freeze in 1891
and 1895 are still keenly felt in the earnings of the road. I
have aimed to preserve the physical condition of the entire
property, and at the same time* to reduce operating expenses
to correspond with the reduction in earnings. With confi­
dence restored in the future of Florida as an agricultural
State will necessarily come increasing business and better
earnings to this property.
P h y s ic a l C o n d i t i o n .— T h e physical condition of the road­
bed, trestles, bridges, engines and equipment has been main­
tained, and the entire property is in good condition.
There were laid during the year 95,110 cross ties. All the
main line depots, section houses, water tanks and frames,
semaphores an l rusil cranes have been repainted. Twentythree of the locomotives have been put in thorough repair ;
26 car bodies and 5 flat cars have teen rebuilt, 33 cars reroofed ; 216 cirs repainted. The passenger equipment will
compare favorably with any of our connections. The equip­
ment oonsists of: 26 locomotives ; 36 passenger, etc., cars ;
470 freight cars.
Receiver's Certificates.—On June 23, 1895, were authorized
receiver’scertificates to the amount of $67,000 for paymsnt
of operating expenses or for the maintenance, protection and
preservation of the property. These certiflcates were sold at
par, making a total amount of receiver’s certificates out­
standing $116,300.
Interest on Underlying Bonds.—During the year interest
has been paid as follows: Jacksonville Tampa & Key West
Ry. coupons of January, 1895, $13,930: Sinford & Lake
Eustis Ry. of March, 1895, $7,140 ; Atlantic Coist St. Johns
Jfc Indian River of March. 1895. $10,800; total. $64,930.
Equipment trust bonds for $11,500 have been paid.
First Mortgage Bondholders' Committee.—On petition of
a committee of the first mortgage bonds, Winthrop Smith, of
Poilidelohia, Chairman, the Court on Feb. 5, 1896, made an
order requiring the receiver to keep separate accounts of the
earnings and expenses of the main line and its divisions,
which has accordingly teen done.
Litigation. —
The final order of the Court was made on Dec.
27, 1895, confirming the Master’s report relative to the notes
made bv the former Receiver. I have therefore begun suit
against the National Bank of the State of Florida to recover
the sum of $28,059 retained by said bank.
Statistics.—The earnings and charges for three years have
been as follow* :
Tear end. March 31 —
1le w e a r n in g * ......................
Operating expense*...............

1890.
$
317.273
322,945

1895.
*
663,782
463,354

1894.
*
703,328
503,191

Net earning* . . . . . . . . . . . .
Other Incom e..........................

<let. 5.007
954

200,428
1,778

203,137
1,24s

Net insorue_____ . . . . . ------ . ■ def. 4.713
Deduct —
132,960
Interest on flrsu, a ccru e d ...
12,325
Equipment trust payments-.
Interest, dieconot, e t c . . . . . . .
T a r e # .................................—
27,444
Overcharges, refunded...........
Extraordinary, e t c ..... .........

202,206

204,335

132,900
25.783
4.301
27,123
23,643
16,153

132,900
29,875
283
25,804
8 ,t i l
101,974

Freight ................. ....................................
P assen ger....................................................
M a il......................... ................. ................
E x p r e s s ................................................. . . . ..........
M iscellaneous.............................................
T o ta l......................................................
Operating expenses.................................. ..........
Per cent o f expenses to earnings.......... ...........

1894.
$413,339
143,638
24,640
34,600
20,790

34,600

$637,008
5 24,793
82-38

547,291
85-36

Net earnings ........................... ...........
T a x e s ...........................................................
R eutals........................................................

$112,209
$26,992
18,578

Total deductions ................................
In c o m e .................................. ......................

$45,571
$66,638

B A L A N C E 8 IIE E T D E C E M B E R

318T, 1895,

Assets.

L ia bilities.

R oad and equ ip .......... $20,255,000
Im p. and equip. aoc’ t.
260,944
E x ten sion s..............
28,249
W. H. B t o w d , Reo’ r . . .
53,734
A ccts receivable.........
68,506
Union Tr. C o...............
2,100
Cash......... *.. . . . __
6,027
Material aud supplies.
36,238
Individuals and c o s ...
11,963
U. S. Gov. and exp. co.
9,044
Agents and conduct’s.
41,970
Unearned insurance..
177
A ccrued in t e r e s t .......
268,153

Capital s t o c k .............. $16,090,000
First m ortgage bonds. 4,234,000
Reorganization o o m ..
15,000
Destroyed oar fu n d ...
7,516
Accrued in te re st.......
26?,153
Accrued taxes*...........
21,304
Bills payable................
50,000
Vouchers & pay rolls.
185,164
Suspense accoun t.......
4,642
Surplus..........................
256,326

$21,042,106

$21,042,106

* A ccrued interest not entered upon books, and therefore shown
upon both sides of the accoun t.—V. 62, p. 868.

Welsbach Commercial Co.
( Balance Sheet May SO, 1896.)
This company, which was orgaaizsd in June, 1835. as fully
stabed in tne C h r o n i c l e of June 29, 1895 (page 1148), Lias
issued its first balance sheet as follows :

L ia bilities—
Assets—
Investment . . . . . ---- ...$ 6,57 5,58 4 Preferred stook............ $3,500,000
Common
s t o c k .............. 3,500,000
Accounts receiv ab le...
156,637
Bills r e ce iv a b le ............
104,102 Aooounts payable............................. 70,334
G a s h ................................
339,708 Undivided profits............................. 105,997

Total.............................$7,176,33 1
—V'. 61, p. 23.

T ota l.............................$7,176,331

GENERAL INVESTMENT NEWS.
Reorganizations, Etc.—Latest Data as to Defaults, .Re­
organization Plans, Payment o f Overdue Coupons, Etc.—
All facts of this nature appearing since the publication of the
last issues of the I n v e s t o r s ’ and S t r e e t R a i l w a y S u p p l e ­
m e n t s may be readily found by m
eans of the following index.
This iodec does not include matter in to-day’s C h r o n i c l e .

For some minor companies see also index in C h r o n i c l e
o f May 16, p . 907, and June 6, p. 1039.

R ailroads and Miscel. Co’s.
R a il r o a d a n d M is c e l . Go ’ s ( Con . )
V olum e 6 2 —
P age.
Volum e 6 2 —
P age.
Akron A Chic. June. (B.AO.).coup. 820 Norf. Albem. A At\..sold 909; reorg.1088
Am. Water Works (Omaha).plan. 1085 Norfolk A West, .deposits 821, 909,1041
.............. coups. 050
do
do
Baltimore Belt (B. A O.) ....... coup. 820
Baltimore A N. Y. (B. A O.) ..coup. 820 No, Pacific.......... ......... forecl. 822, 900
do
...... reora. 779.870.1041,1038
Balt. A Ohio........... reora. 777; com.1086
Do
...... recv. ctfs. 948, 087,1039
No. Pae. A Manito. Ry.settlement 870
Do
........... coup.820, 087 1080
James RIv. Valley............. reorg. 909
Spok. A P&louae. .settlement.GdO, 1041
Cedar Falls A Minnesota...... solo.1039
172,729
230,271
299,307
Helena A Red Mt....... settlement.1QS8
Central
Br.
Union
Pacific
—
reora.
008
Total..................
Coh'.m) Vermont .......... reorv.GQH, 087 Ogdensb. A L. Cham.coup.808, 048,1041
177,442
28,005
34,922
B ilanoe, datioit
........ default.10.41
Chat. Rome A Col....... reevr'a. ct/a.1030 Ohio Southern
Chattanooga Southern........ reorg. 1030 Oregon Imp... plun.990,1041,1084,1088
•Only part paid.
Ches. Ohio A Southwestern., .coup. 808 Oregon Ry. A Nav................... aoic.1088
Do
do forecl.1039,10-0
Wash. A Idaho mort.......... forecl.1011
The average number of tons carried per train was47‘6, Chicago
A West Michigan... .coup. 778 Oregon Short Line A U.N.cowp.779, 870
against 74-70 in 1893-94, and the average rate received per ton Choctaw Oklahama A Gulf...reorg. 821
do
do
instalm’t due. 1088
Utah A No... equip, bonds A coups. 910
Cleve. Terra. A Val. (B. A O.) .coup. 820
per mile was 2'17 cents, against 1'88 cents.—V. 62, p, 831,
Columbus A Hock. Coal A I...com.l087 Pecos Valley.......................... reorg.1088
Columbus Sand. A Hock...... coups. 010 Peoria Dec. & E v ................ foreclAOll
Columbus Southern................ sale. 1087 Phi la. A Read../orecl.822, 050,989,1041
Cincinnati Jackson & Mackinaw Railway.
Duluth & Winnipeg., .sale 778, 821, 008 Pittsburg A Western.de/. 820, com. 822
Frederick A Pennsylvania— cold 1087 Port Royal A Aug...safe.950; reorg. 1041
( Report fo r the year ending Dee. 31, 1895.)
Ft. Worth A Denver City— coup.1040 Quincy Omaha A K. C.. .agreement. 822
Grand Rapids A Indiana.........sold.1087 Richmond Nichol&sv. I. A B— sale 910
The report of Receiver Frank B. Drake says :
Green Bay Winona A St. P...»vor0. 821 9t. Joseph A Gr. lsl’d.pl'in.784,870, 950
Do
do
__ sold.OQS, 1040 St. L. A San F ... plan,804. 822, 829.1043
tfete Entry into C in cin n a ti.— On Jan. 1. 1396, for freight service,
Do
do
. ....reevrship. 870
Honst. E. A W. Tex. .re/idJustm'nt.lOiQ
and Jan. 2 7 ,1 3 9 0 . for passenger service. O. J. A M. trains ootnm enojd
Jacksonv. Louisv. A St. L....... sold. 1087 Seattle Lake Sh. A East.reorg.785, 870
running through to Cincinnati over the follow ing lines :
do
do
. .sold.950,1088
Do
do
...... reorg. 800
■11 W* Jacksonville Tampa A K. W .. .sale 821 South Atlantic A Ohio........./orecJ.1042
C. C C. A *t. L. Ry., from 0. O. C. A 3 t. L. Jot. to M iddletown . . . 5-68 Kan.’Cltj A Omaha.reorg. 1087; sale. 1040 Summit Branch RR................ com.1088
Kentucky A Ind Bridge....... coup. 1087 Union Elevator (St Louis). .reevrs. 1042
Middletown4c Cin. Ry., frnru Middletown to H a go m a n .................10-51
Little Rock A Memphis.......... sale 000 Union Pacific..........coup. 871, 910,1098
Cin. Lebanon A Nor. Ry., from Llagemau to Clnoiuuatl.••—- —•••24'? ° Louisv.
St. L. A Tex .*oiJ.809; reorg. 1040 United States Cordage. .forecl~8l8, 939
Freight t» delivered at Ka»t Norwood, and B. & O. 8 VV. Ry. handle
Macon A Birmingham.........rtory. 1040
S t r e e t R a il w a y s .
It to Cincinnati. A ll passenger trains run into the O. L. A N. Ky.
Marietta A N. Georgia..... sale.82L 809
Do
do
new plan.l°40 . 1080 Cincinnati Inclined Plane......com.1040
depot at Cincinnati.
. . .
.
Entry into Jackson, if$eA.—Under an agreement executed by the Memphis A Charles.plan.821, 800, lOii Lake St. Elevated (Chioago).cotipe. 949
Do
do ....... r*ory. 779, 010 Lancaster (Pa.) St. Ry........coupon 900
Jacks*.n A 'io o in u -v l Railway Company, the Receiver oommenoed
Mexican Natl. R y... .readjustment. 000 Nashville Traction.... ......... reorg. 000
operating the !in** between Addison Junction and Jaoksou, Mich , Iti
Minnesota A Wisconsin.......... sale. 1011 Seattle City Ry.........................sale 950
connection with the O. J. A M. Ky., April 25, 4896.
, .
Syracuse Street Roads.......... reorg. 060
fFisw’kfiom’t v Straittv.CBt&O.) I
Bridge* —In repairing bridges were used 305,822 feet B. M. o f pine,
New York A Sea Beach.......... «o/<1.1088
111,376 feet B. \f O f oak and 3,504 lineal feet of piling. There were
Atlantic & Danville By.— L is tin g o f B o n d s .— The first
need §,773 cars o f earth Infilling 3,218 lineal feet o f trestle, taking
out 609,514 feet B. VI. o f timber 10 openings were eutlrely fitted.
mortgage 5per cent gold bonds of me Atlantic & Dmville
O q April 3*>, 1896, there were in the Michigan Division 125 open*
were listed last week on the New York Stock Exchange. On
In**, o f 19,901 lineal feet, constating o f one H owe trust bridge, 144
a subsequent page we print at length the application to list
feet Ion*, and bala ce o f trestle. At same date there were on the
Ohio Division 200 openings, or 10,203 lineal feet, including 3 iron the bond*, which contains a history of the reorganization, the
bridge* l 134 feet, 3 plate girder bridges 170 feet, 8 Howe truss
company gmileage in detail, with earnings and balance sheet
b n 4^ 3« S39 feet, and trestles 14,080 feet. Total o j ^ o t b division*,
to a recent date, etc. The April earnings, which have com#
2®, ’ 04 feet, or 5*51 miles.
M B
J

1138

THE CHRONJCLE.

[V ol .

Lxn.

B A L A N C E SH E E T M A Y 3 1 , 1 8 9 3 .
to hand since the application was prepared, and which will
A ssets.
be found in our table of net earnings on another page, sjiows
Guarantee
fund,
for
p irformauoe of terms o t lease.............. $3,8 55,530
net earnings for ten months of the fiscal year of $117,458,
o f $ 10,000,010 capital stook o f Long Island rraotion
against $77,518 in the previous corresponding period, i’hs j Cost
Co., acquired under foreclosure sale. ..... ............................. 17,500,000
annual fixed charge is $71,900.—V. 62, p. 1088.
Equity in construction fund, account B. II. Ktt. Co. against

B. C. RR. Co................................

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

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

2.047,329

Atchison Topeka & Sauta Fe Ry.—Atlantic & Pacific Bills receivable ........
381,545
52,723
RR.—
N e g o tia tio n s P e n d i n g — The C hroniclk is officially in­ Interest annuities..........................................
Incom
e
interest....................
3,787
formed that the Atchison Topeka & Santa Fe has formally !
Individuals and ooiuoauios ........................................................
42,403
tendered a proposition to the Reorganization Committee of Cash in bank....................................................................
452,193
the Atlantic & Pacific looking either to the purchase of that
$24,915,625
property or to the making of a close traffic alliance for a pe­
L ia b ilities.
riod of years on a basis of division of earnings as provided in
$20,000,000
the recent award of the arbitrators. The Atchison’s proposi Capital stock ..............
Funded debt ...............
4,875,000
tion is the result of an examination as to the cost of the con- j A
ccrued interest ou bonds............................................................
40,625
etrnction of a new line to take the place of the Atlantic &
Pacific. While no agreement has been reached, it is under­
$24,915,625
stood that the Atchison will not be a bidder at the approach­
E x p r e s s S e r v ic e . —Four trolley express cars began running
ing foreclosure sale. The reorganization committee will buy this week, making four regular trips daily along certain
in the road, but what they will do next is a matter of conjec­ routes. Tnese cars are leased to the National Express Co.,
ture. It is not expected to reach a sale until late in the fall.
which has put into service a number of express wagons, to
A u d ito r s
E le c te d . —
The board of directors has elected connect with the cars at various convenient stations and de>Price, Waterhouse & Co. independent auditors to examine liver express packages at the addresses to which they are
and certify to the accounts of the corporation for the current consigned.—V. 62, p. 1086.
fiscal year. This action is in accordance with the new com­
Brooklyn Union GasCo —L is t in g o f S t o c k a n d B o n d s . —An
pany’s by laws, which provide for the appointment an­
nually of independent auditors, the first year to be named by important listing last week on the N-w Y irk Stock Exchange
the directors and thereafter by the stockholders at the an­ was that of the securities of the Brooklyn Union Gas Co.—$12,336,000 of 50-year 5percent, gold bondsand$15,000,OOOofstock.
nual meeting.—V. 62, p. 902, 987.
The company was organized last fall and is a consolidition of
Baltimore & Ohio RR.—Chesapeake & Ohio Canal.— the. gas interests of Brooklyn. Oi a subsequent page we
D e c is io n a s to C a n a l. —The Court of Appeals of the State of
print at length the application to list the securities, which is
Maryland on Wednesday rendered a decision in the case of an official statement regarding the company, the property con­
the trustees of the Chesapeake & Ohio Canal mortgages trolled, the combined earnings since the consolidation, and
against the State of Maryland, The State brought suit for the other facts of interest.—V. 62, p, 1086,
sale of the canal,, which, if successful, would have cut off the
income mortgage. The highest Court in the State in the de
Cataract Power <
fe Conduit.—I n c o r p o r a t io n .— T h e Catar­
cision just rendereddecides that the appellees, by the act of act Power & Conduit Co., capital $2,000,000, has been incor­
1844 and their mortgage of 1848, and as trustees of the bonds porated at Albany by persons interested in the Niagara Falls
of 1878, are entitled to possession of the property. The Court Power Co. to distrioute electricity for light, heat and powor
also extends the time for the operation of the canal by the in Buffalo, &c. The directors are: Daniel O'Diy, El ward D.
trustees for the period of six years Jfrom May 1, 1895—
the Adams, Francis Lynda Stetson, E Iward A. Wickes, William
period when the original terra of the trusteeship expired. As B. Rankine, Darius O. Mills and John Jacob Astor of New
the case now stands, the canal cannot be sold for five years, York City; George Urban, Jr. and Charles R. Huntley of
and it will continue to be operated in the interest of the Buffalo.—V. 61, p. 558.
above-mentioned bonds, which are mainly held by the Balti­
Central of Georgia Ry.—S e ttle m e n t w ith R e o r g a n i z a t i o n
more & Ohio RR. Company. It is said the real parties in the
C o m m it t e e . —
On the 9th iast., Messrs. Thomas aad Ryan, the
suit were West Virginia Central & Pittsburg RR. interests,
who sought to obtain the bed of the canal for a railroad, purchasers of tne Central RR & Banking Co. at the fore­
which would have given that company a direct line from the closure sale, October 7, 1895, mide a final settlement of their
coal regions to Washington in competition with the Baltimore accounts with the company.—V . 63, p. 725.
Central Vermont RR.—D e p o s its re c eiv e d till J u l y 1 0 .—
& Ohio.
P a y m e n t o f C o u p o n s .— Messrs. Brown, Shipley & Co. an­ The committee representing the Consolidated RR. of Ver­
mont 5 per cent bonds, B P. Cheney, Cnairman, announces
nounce in London that the interest due April 1last on the
per cent sterling bonds of 1933 will now bs paid by them for that the time for deposit has been extended to July 10, 1896.
account of the receivers, together with interest at 6 per cant After that date no bonds will be accepted except upon such
terms a:s the committee shall fix. The engraved certificates
from date of maturity to June 8. —
V. 62, p. 1086.
of deposit issued by the Am-ricau Loan & Trust Co. have
Boston Revere Beach & Lynn RR,—D iv id e n d R e d u c e d . —
The semi-annual dividend has been reduced from $2 to $1 per been listed at tbe Boston S ock Exchange. See notice in
another column.—V. 62, p. 987.
share “ in view of contemplated improvements at Revere.”—
Y. 62, p. 793.
Charleston & Macon Ry.—Consolidated Ry.—Greenwood
Boston Terminal Co.—
O r g a n iz a t io n .— This company has Anderson & Western Ry.—Port Royal & Ang ista RR.—
been organized under the act recently passed by the Massa­ The $320,000 bonds of the Charleston & Macon, assigned to
chusetts Legislature, with President Bliss, of the Boston & Charleston, have all been subscribed at 85, and W. B. Strang
Albany, as its President, and J. W. Perkins, a director of ch i Jr., & Co. of New York, are under contact to complete
New England RR., as Secretary. The authorized capital the line to Allendale on the PortR iyal & Augusta Ry. by Nov.l.
stock is $500,000, and 4 per cent bonds will be issued. It is The project, which has received the public endorsement of
understood that the work on the important terminals con­ the Baukers’ Association of Charleston, is being pushed by the
S curity Construction Co. with George A. Wagener (of F. W.
templated will soon beunder way.—V.62, p. 547.
Wagener & Co.) President.
Brooklyn Rapid Transit — D e s c r ip tio n o f B o n d s —The
Mr. Wagener says:
official application to the NewYork Stock Exchange describes
The Charleston & Macon will run in alm ost an air line from Charles­
the property covered by the 5 par cent bond3 of 1945 listed ton to Allendale. There it will make connection with the Greenwood
Anderson |& Western (Carolina Midland) a n d ; the P ort Royal 6t
last week substantially as follows:
t. The entire ownership o f all the $200,000 oapital stook o f the A ugu stalines. Col. Mike Brown is aow extending the G reeawood
Anderson A Western from Sievern to Bate.sbarg. and later he will
Brooklyn Heights RR. Co., e x c 'pt thirteen shares qualifying directors.
This ownership amounts to the ownership o f the assets o f the Heights build on to Greenwood, giving him a liae o f about 14 ) miles. The
P ort Royal & Augusta road is now in the hands o f a receiver, but
company which consist as follow s:
(а) The line o f doaole-traok cable railroad on M ontague 'Street, Messrs. Thomas & Ryan ow a m ost o f its securities, and when the road
from W all Street Ferry to Court Street. I-IS m iles in length o f single is sold at an early date they will take control o f It. It w ill then be
track, together with real estate required for power house, depot, consolidate i with tne Port Royal .fe Western Carolina and the system
form ed by the tw o will be bound to tne Charleston & Macon by a
terminal facilities, etc. Subject to a tirst mortgage o f $250,000.
(б) The oompauy’s lease for 909 years, from Feb. 1 1, 1993, o f the traokage arrangement aud by the olosest traffic ties. From Allendale
Brooklyn City RR.. which em braces upwards o f 204 miles o f single the Charleston & Macon road is to be extended into Georgia for
traok, coveriog the most valuable street f auchises in the city of about 175 miles, probably to Macon. The new road will give Charles­
Brooklyn and adjoiaiug territory; real esta'e power houses, depots, ton a line directly to the West.
shops, i liice building, etc., assessed at upwards o f $2,300,000 ; aud
D e s c r ip tio n o f B o n d s . —
The contract to purchase the Char­
1,750 cars. Much ot the real and personal property not directly used leston & Macon bonds saysthey are “ exchangeable for similar
in connection with the railroad is to be sold and the proceeds used for
bonds of the C o n s o lid a te d R a i lw a y Company to be formed
the benefit o f the company.
II.
rhe entire ownership o f all the $2,000,000 oapital stook ot the therefrom, the said bonds to be 5 per cent forty-year gold
Brooklyn Queens County & Suburnan RR. Go. (exospt sufficient
bonds and be issued at the rate of $12,00.) pu- mile, which is
shares to qna ify direotors). taotudinr 4 4 '5 miles ot single track,
to cover both construction and equipment.” —Y. 62, p.185,1041.
looated priuoipally in the business and reside ice portion o f the ouy
o f Brooklyn ami about 3 10 oars; also an office building, eight e ir
Chernov & Chester RR. — S o ld i n F o r e c lo s u r e , —This road was
houses, dock famil ies stables, blacksmith shops, the Jam aica Plank
Road, and some unimproved roal estate, ail valued at not less than sold under foreclosure for $25,000 June 19 to LsRoy
$150,009.
Springs, W. H. Harden, William Gansoa, R. C. McManus and
I ff. The ownership o f the guarantee fund o f $1,000,000 described W. T. Gregory. Mr. W. H. Harden has been the receiver,
in the mortgage.
while the others named are business mm of Lancaster, S. C.
IV. All righ: . title and interest in the extensions aud betterments
m ode by the Brooklyn Heights RR. C >.. as lessse o f the Brooklyn City
The new owners will take charge about July 1.
RR. Co., as described ou pagxs 0 a id 7 o f the printed n o w o f to >
m ortgage In paragraph l.
Phis interest at the prosent time amou.its
Chicago Elisoti Co.—
B o n d s f o r $6,010,0)0 A u t h o r i z e d . —
to something o.ver $2,850,000.
For funding its various obligations and for extensions and

B a la n c e S h eet, —Ttia application gives the balance sheet of improvements, the stockholders authorized lait week $5,000,Mav 31 as below, and says: “ At the present time the 000 5 per cent gold bonds, payable thirty years from date and
property is earning its rm al, interest and fixe l charges of smject to call at par at any time after fifteen years.—V.
every description in full” :
62, p. 927.

THE CHRONICLE,

J xtkb 20 , 1896.]

1139

Cincinnati Sonthern R y.—Cincinnati New Orleans St
Texas Pi.eltlc B y —Southern R y.—Cincinnati Hamilton &
Dayton Ry,—Proposition to Purchase.—The proposition made
to the trustees of the sinking fund of the city of Cincinnati
by A. B. Andrews, re jiresenting the Southern Railway Co.,
and Henry A. Taylor, representing the Cincinnati Hamilton
& Dayton, for the purchase of the Cincinnati Southern Ry.,
has been accepted by its trustees and will be submitted to
popular vote about Aug. 1. There are one or two points in
the contract of sale on which legal determination is desired,
and a suit to determine them has already been advanced to
the Supreme Court of the State.
The proposition is substantially as follows :

decided to include them upon the terms below indicated. Tbe
modified plan is as follows :
The Mexican National Riilway Co., Limited, is to be regis­
tered, with a share capital'of £34,530, divided into 49,060
shares of 10s each ; this capital representing the assessment
aid by depositing bondholders. This company will be the
epository of the “ A ” and “ B’’ bonds, and will issue against
them , trust certificates of two series—viz., “ A ” and “ B,”
corresponding in all essential respects to the common and
preferred stock originally proposed. Bondholders will receive
the following securities of the new company, viz,:

W e , t h e u n i t e r s i s o e d o f fe r t o b u r t h e C S u i-iim a ti S o u t h e r n R a i l w a y ,
s u b je c t t o t h e r i g h t s o f t h e p r e a c u t l e s s e e s t h e r e t o , u p o n t h e t e r m s f o l ­
lo w in g , t o w i t :
1 . T o p a y in g o ld c o in $ 1 9 , 0 0 0 , 0 0 0 o n t h e f i r s t o f O c t o b e r , 1 8 9 6 ,
i g o ld c o i n , f r o m O o t 1 . 1 8 9 0 , it* t h e r a t i o f l
p e r c o o t p e r a n n u m . p a y a b le s e m i a n n u a lly ; su c h p a y m e n t to b e
e r c n r i ...b y n i l r s l n o r t e a i ! ' 1 h i."! u jv i u t k t : s a id iin n o f r a i l w a y a n d u p o n
t h e e q u ip m e n t o f i h e Gi> r-i■■nett N e w O . & T e x a s F a r . R a i l w a y C o.;
t h e m o r t g a g e t o p r o v i d e t h a t t » e p i i r t c ip a l s h a l l b e c o m e d u e a n d p a y ­
a b le in c a s e t h e r i r e r e a r s h a l l r e m a i n u n p a i i f o r n i n e t y d a y s .
2 . T o t>,»y in c a s h $ l ,4 d < i ,o 0 i n q u a r t e r y e a r l y I n s t a l m e n t s o f $ 6 0 , 0 0 0 e a c h , o e e in n in g i o s. 1 ,1 8 9 6 .
3 . T o p a y in c a s h a s tu n e q >al t o 1 0 p e r c e n t o f t h e a n n u a l g r o s s
e a r n i n g s a t s a i d r a i l w a y iu e x c e s s o f * 4 , 5 0 0 , 0 0 0 a f t e r O c t . 1 , 1 9 0 2 .
4 . T o p a y i h e n - m a l f a l i i u R d u e a f t e r O o t. 1 , 1 9 0 2 , u p o n c e r t a i n
le a s e - h o ld s , a m o u n t in g t o * 5 , 8 0 8 p e r a n n u m .
3 . i o m a i n t a i n g e n e r a l o f fic e s Of s a i d r a i l w a y i n C i n c i n n a t i .
6 . T o h o ld t h e C i* y o f C i n c i n n i t i h a r m l e s s a g a i n s t a l l c l a i m s o f t h e
C i n c i n n a t i N e w O r l- a n s d s T e x a s P .ic lflo R y . C o.
7 . I n e a c h a n d e v e r y j e a r f o r e ig h t y e a r s a l t e r t h e d e liv e r y o f t h e
d e e d h e r e u n d e r t o e x p e n d n o t !e s » t h a n 8 2 5 0 , 0 0 0 i n b e t t e r m e n t s , tn c lo d iR it b r id g e r e n e w a l s u p o n s a id l i n e o f r a i l w a y .
8 . T o s t e d 'C i h e p a y m e n t o f - a i d * 1 , 4 4 0 , 0 0 0 a n d t h e s a i d e x p e n d i t u r e
o f it230,(HM> p- r a n n u m f o r e i g h t y e a r s f o r b e t t e r m e n t s b y t h e d e p o s i t
o f * 2 , 0 0 0 , 00i> i n b o n d s .
T h e d e e d s h a ll b e d e liv e r e d o n O c t o b e r 1 . 1 9 9 6 , a n d t h e s a l e , w h e n ­
e v e r c o n s u m m a t e d , s h a ll d a t e a s o f t h a t d a y ; t h e r e n t s t o b e p a y a b le
to th e c ity up to t h a t d a y u n d e r th e p r e s e n t le a se .
T i l l s o f f r Is m nl<- b;> u s i n d i v i d u a l l y , b u t w ith t h e i n t e n t i o n o f t r a n s ­
f e r r i n g o u r I n t e r e s t t o a c o r p o r a t i o n t o b e o r g a n i z - d u n d e r t h e la w s o f
o n e o r m o re o f tb « S t a t e - o f O h io . K e n tu c k y a n d T e n n e s s e e , f o r th e
p u r p o s e o f o p e r a t i n g s a id l i n e o f r a i l w a y .
A. B . Ax d bbw s,

2 d m o rtg a g e ■■ A ” b o n d s ................. £ L
“
“ B " b o n u s ...................
1
M a tbeson c e r t if ic a t e s ........................
1

H emet A. T aylor .

C in c in n a ti, J u n e 1 3 ,1 8 9 6 .
- V . 6 2 . p. 2 3 2 , 6 8 3 , 1 0 3 8 .

Ciiiciriuati Street Ry.—New Stock, etc.—The stockholders
are offered the privilege of subscribing at par to $.100,000 new
stock to be issued to retire bonds due July 1, etc. It is un­
officially reported that a proposition to consolidate with the
Mt. Adam & Eden Park Road will be voted upon at the an­
nual meeting. July 29.—V . 63, p. 821.
City Gaa Co. o f Norfolk, Va.—New Company.—The firm
of Messrs. H. R Hollins & Co., which recently purchased all
the stock and bonds of the Gts Company at Norfolk, Va,,
has organized a company under the title of the City Gas Co.
of Norfolk. The capitalization is $51)0,000 stock and f 500,000
6 per cent 80-year gold bonds. The local officers are retained
In the management.
Hudson Electric Ry. o f Hudson, N. Y.—Receiver A p ­
pointed.—On Saturday last Alfred G. Bowles of Hudson was
appointed receiver of this railway on petition of its officers.
Lake Shore A Michigan Sonthern R y .- Six Months’ Nam­
ings.—Earnings for the six months ending June 30 have been
reported as follow s:
6 mas.

Gross
ea rn in g s.

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

S'St
ea rn in g s.
8 9 ,1 9 3 ,9 8 6
3 ,2 3 1 ,7 1 6

Fired
ch a rges.
* 1 , 6 8 > ', 0 0 0
1 ,6 8 0 .0 0 0

Dividends

Dal.,

p a id .

su rp lu s'

$ 1 ,4 8 3 ,9 9 5 .
1 ,4 8 3 ,9 9 5

$ 2 9 ,9 9 1
0 7 ,7 2 1

The company has declared the regular semi-annual divi­
dend of 8 per cent payable August 1st—V. 62, p. 990.
Lake Sireet Elevated RR., Chicago.—Operation with Elec
tricity.—The company began operating its road with electric­
ity on Sunday, June Uth. The electric current is for the
present taken from the stations of the North Chicago Street
R R, Co. and is carried by the side of the service track upon a
third rail. The General Electric Company supplied the elec­
trical equipment.—A. 62, p. 1087,
Massachusetts Pipe Line Gas— Bay State Gas.—Incor­
poration.—The amended act incorporating the Massachusetts
Pipe Line Gas Co. was signed by Acting Governor Wolcott,
on June 10, The incorporators are headed by H. M. Whitney
the Whitney and Bailey interests having united. The com­
pany, whose capital stuck is limited to $5,000,000, is author­
ized to use the works of existing companies, but it must first
come to an agreement with said ether companies—said agree­
ment to be appn ved by the Gas Commissioners. The company may w II fuel or illuminating gas to other gas compan­
ies, cities or towns on conditions mutually agreed upon, but
st not excel ding the following prices:
p e r 1 ,000 . u h ir f, r t o f f u r ) g a « a v e r ; ,v i n e in b e a t v a l u e n e t l e s s t h a n
5 8 0 B r i t i s h f b e t n m i h e a t u n i t s l i e 'l v e r e k a t t b e f o llo w n g d i s t a n c e s
f r o m t h e s t a r e lion*-: 2 0 v e n t s w l b in l i v e m i t e s : 3 5 c e n t s b e tw e e n
l i r a » n d flftM ir irit-i-M, a n d 3 0 c m I - b e y o n d f i f t e e n m i l e s a n d r o t e x s e e d itttr tire e e e t s a d - it t io a l In e a c h c a s e f o r l U u m ln a t iu g g a s o f t h e
e a iid lc p o w e r in q u ir e d b y ta w .

In what relation, if any, this comnany will stand to the Bay
State Gas Co dot s not appear.—V. 62, p. 1086.
M e x ic o National RR.
mstment Plan.—Legal requirt moots have necessitated a slight change in the form of
tec readjustment plan which was published in the Chronicle
of April I. page 665 (?ee also issue of Mav 8'). page 99<t). Tbe
alters' ior a, however, are technical, and do not ail ct the
spirit of the plan. Large holders of “ Matbeson” certificates
having intimated their desire to join the scheme, it has been

Solders o f each $ 1 ,0 0 0 o f—

Pays
Assess
ment.

A nd. will receive "A " cer “ B” cerSloc/c
tificates. lificales. Tr. cert.
£250
....
125

£t
1
1

£203
100

Holders of $500 “ A ” and “ B” bonds will receive propor­
tionate amounts of the new securities,
T he in co m e co lle c t e d b y the n e w co m p a n y fr o m d iv id e n d s re c e iv e d
u p on “ A " an d “ B ’ b on d s a fte r d ed u ction o f the e x p e n se s o f tbe L o n d o n
mairnsrement (such e x p e n se s n o t to e x c e e d £ 2.000 p er a rut run w ith o u t
special san ction o f the ce rtifica te holders) w ill b e a p p lie d to th e pro­
v is io n o f a sin k in g fu n d to the e x t e n t o f 2 p e r o e o t u p o n the rev en u e
co lle cte d ; e n d to th e p a y m e n t o f 5 p er ce n t per a nnu m noil e a o in la tiv e u p on th e “ A " certifica tes. A n y surp lu s tliere'a fier w ill b e a v a il­
e d e f o r d iv id e n d s u p on the *‘ B " certifloa tes. T h e sin kin g fu n d w ill be
a p p lied to p u rch a se “ A ” and “ B ” ce rtifica te s, e ith er o r b oth , so lo n g as
they can b e b ou gh t b e lo w oar. P ro v isio n is m a d e f o r m eetings o f th e
ce rtifica te h o ld e rs so th a t they m ay e x e r cis e th e sam e co n tr o l as w o u ld
h a ve e x is te d u n d e r the o rig in a l sch em e, an d to en su re this th e share
ca p ita l w ill b e re ta in e d in a v o t in g trust.

Redemption o f Prior Lien Bonds.—The committee says :
W e are. in c o n ce rt w ith M essrs. M atheson & C o., tak in g le g a l m e a s­
ures to ob ta in a u th o rity f o r tb e sale o f the $ 4 ,5 5 4 ,2 0 0 M e x ica n a-oye m in e n t 5 ger ce u t b on d s h e ld b y the. trustees o f the p rio r lien rnortca ve . T ue p ro ce e d s o f th ese b o n d s, w h en s o ld , w ill be a p p lie d la re­
d e m p tio n and ca n c e lla tio n o f p rio r lien b o n d s, and w ill eifeot a r e d u c ­
tio n in th e a nnu al in te re st ch arge sufficient to p a y n e a r ly 1 p er ce n t,
p e r a n n u m a d d itio n a l n p o n th e “ A ” b o n d s.

The Mexican Government bonds here mentioned were re­
ceived In 1895 as stated in Chronicle v . 62, p. 593, in settle­
ment of uncollected subsidy. The “ prior lien” (or first mort­
gage subsidy) bonds, now aggregating §11,532,000, will by
their sale be largely reduced.— [E ds.]
Objects o f Scheme.—The objects of the scheme are :
(a) T o g iv e a market, v a lu e to th e 5 0 p e r o e n t o f arrears o f co u p o n s
a ccru e d upon the ‘ A ’ b o n d s, (b) T o a cco m p lis h a re d u ctio n in the
rate o f in te re st npon th e p rio r lien b o n d s, <e) T o o o n o e o tra te th e
v o t in g p o w e r o f the e x is tin g 1 A ’ a n d ' B ' b on d h old ers, th e re b y re ­
tain in g th e co n tro l o f th e m an ag em en t o f the ra ilro a d , and s e cu rin g
u n ited at'iioTi o n the p a rt o f the b o n d h o ld e rs in a n y m easure c a lc u ­
la te d to in cre a se th e v a lu e o f th e ir p ro p e rty .

Committee and Deposits.—The c rmmittee consists of H. W.
Smithers, chairman ; W. M, de Ziete, deputy-chairmau; F. G.
Banbury, W. Brander, H. J. Chinnery, J. M. D mglis, O. II.
Edinger, and its address is Harold B. Milne, Secretary, No. 3
Lombard Street, London.
Deposits mav be made by those accepting tha plan with
Mathrson & Co., 3 Lombard Street, Loudon, not later than
July 1, after which date it will be decided whether a sufficient
amount has assented to make the plan effective.—V . 63, p. 990.
Michigan Central R R.—Six Months’ Earnings.—Earnings
for the six mouths ending June 30 have been reported as
follows, the June quarter, 1896, being partly estimated :
6 m o n th s
en d in g

Gross
ea rn in g s.

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

Net
S u r p . over M ich. Oen.
ea rn in g s,
charges. P ro p o rl’ n.
$ 1 ,7 1 6 ,0 0 0
1 ,7 3 0 ,0 0 3

$ 5 1 6 ,0 0 0
5 3 0 ,0 0 0

C an. So.
P ro p o r.

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

The Michigan Central has declared the regular semi-annual
dividend of 2 per cent, calling for 8374,760, and the Canada
Southern the regular dividend of IK Per cent, payable August
1.—V , 62, p. 865.
National W all Paper Co.— In te r e s t Payment.—Interest on
the debenture stock for the year ending Mirch 31, 1896,
amounting to 8 p. c., was paid June 18, 1898.—V. 62, p. 1087.
New York Central & Hudson River RR.— Quarterly.—
Earnings for the quarter and the year ending June 30 have
beer . ( ported as follows. The earnings for the June quar­
ter of 1896 are partly estimated.
3 mos. Gross
Net
Fixed
Dividends

ending earnings, earnings,
June JO. $
$

charges.
*

paid.
S

s u r o r d el.

S

18 (6..10,770,000 3,530,000 2,650,000 (1)1,000,000 def.120,000
1895 10,494,608 2,993,918 2,651,587 (1) 1,000,000 def.657,669
12 m o s —
’95-96.45,062.r>0r> 14,604,000 10,573.000 (4) 4.000,000
sur.31,0to
’94-95.42,489,537 13,679,091 10,556,680 (4*s)4,339,990 del.1,217,576
The company has declared the usually quarterly dividend
of 1 per cent payable August 1.—V. 62, p 870.
New York Telephone Co.—Incorporated.—-This- company
was incorporated at Albany yesterday w ith authorized capital
stock of $16,000,000, to operate a telephone system is New
Y"ork City and elsewhere in New York, Massachusetts, Rhode
Island, Connecticut, New Jersey and Pennsylvania, in­
cluding lines to Albany, Boston, Philadelphia, etc. The di­
rectors are: George J. Gould, of Lakewood, N J.; J. H.
Cahill, J. P. Davis, T. T. E ;kert, W. T. Bonchelle, James Merrihew, and W. H. Woolverton , o f N ew Y' o rk u u y ; C h a rles
' Jb.
'
Culer, Morris, N. J,; William H. Forbes and J. E. Hudson,
of B ston : John Jameson and C. A, Tinker, of Brooklyn, and
John Van Horn, of Bayonne, N. J.
Northern Pacific RR.— D u l u t h & Manitoba Settlement.—
The Duluth & Manitoba bondholders’ commutee has made a
settlement with the Northern Pacific reorganiza’ ioa man­
agers on the following basis: The coup >n due July 1 on the
Minnesota division is to be paid as provided by the lease. The

1140

THE CHRONICLE.

bonds of both divisions are given 90 per cent in cash, paya­
ble at optijn of purchasers, on or before June 1, 1897. as to
the Dakota disvision bonds, or July 1, 1897, as to the Minne­
sota division, with interest at 5 per cent until payment. As
soon as two-thirds of the bonds have assented the purchasers
will pay 10 p. c. of the purchase money to bind the contract.
Agreements have now been made with all the branch line
bonds, with the exception of the Central of Washington firsts
and Coeur d’Alene general mortgage 6s. The Coeur d’Alene
first mortgage bonds are all held by the Northern Pacific reor­
ganization committee, which is foreclosing the mortgage.—
V. 62, p. 1088.
Ohio Southern JIM.— C ad f o r D ep osits o f F ir s t M ortgage
Bonds.— The first mortgage bondholders’ committee, William
A. Read, of Vermilye & Co., Chairman, urges prompt de­
posits of first mortgage bonds under a reorganization agree­
ment, copies of which can be obtained from the Central Trust
Co. of New York, or from any member of the committee.
The committee is anxious to be placed in a position where it
can protect the interests of the first mortgage bonds. The
agreement will become operative when the committee thinks
sufficient bonds have been deposited, The committee is by it
empowered to formulate, adopt and carry out a plan of reor­
ganization, to sell the bonds deposited at not less than par
and accrued interest, and to contract to take part in any reor­
ganization proposed, subject in such case to the approval of
51 per cent of the certificates representing the bonds de­
posited.—V. 62, p. 1041.
Oregon Improvement.—O pposition to P la n . —H. Amy &
Co. inform holders of the 5 per cent consols that owners to
the amount of over §2,000,000 have signified their willingness
to unite in requesting the reorganization committee to modify
their plan, provided that a majority of such bonds, not less
than §3,500,000 to make the protest effectual, shall be ob­
tained. They request tjiose bondholders who have not
sent in their 'names and amount of their holdings to do so on
or before the 23rd inst., so that they may be represented at a
meeting to be called for the 25th inst.—V. 62, p. 1088.
Oregon Short Line & Utah Northern Ry.— Oregon Short
Line R R.—R eo rg a n iza tion P rogress —The counsel for the

reorganization committee is now engaged in preparing the
foreclosure decrees for the three mortgages that are disturbed
under the plan, viz., the Oregon Short Line consolidated
mortgage, the Utah Southern general mortgage and the E x ­
tension first mortgage. It is expected to reach a sale some
time in August, and to have the property turned over to the
new company—the Oregon Short Line RR.—early in the fall.
About 98 per cent of the securities have been deposited, and the
third instalment of the assessment is called to be paid on or
before July 1. The new company will consist of tire Oregon
Short Line proper, the Utah & Northern, and the Utah South­
ern, having 1,479 miles of road. The earnings for the current
year are published in another column.—V. 62, p. 1088.
Pacific Mail S.S.— Panama R. it.—C on tra ct Still P en d in g .—
The contract between these companies has never been signed,
but Mr. C. P. Huntington says that the delay in signing it
does not mean that the agreement has fallen through. He
believes that it w'ill be signed soon, seme minor details, it is
understood, still remaining to be arranged.—V. 62, p. 742, 986.
Peoria Decatur & Evansville Ry.—C ou pon P a y m en t —
The receiver announces that coupons due Jan. 1, 1896, on
Peoria division first mortgage bonds will be paid at the Cent.
Tr. Co., N. Y. City, on and after June 29,1896.—Y. 62, p. 1041.
Pittsburg Shenango & Lake Erie RR.— Butler & Pitts­
burg RR.—E x te n s io n . —It is expected to let the contract on

June 30 for the construction of the extension of the Pittsburg
Shenango & Lake Erie from its present terminus at Butler,
Pa., to a connection with the Union RR. Co., a distance of 41
miles. The Butler & Pittsburg RR. Co. has been organized to
build the road, but it is the intention later to merge it with
the Pittsburg Shenango & Lake Erie and give the latter name
to the entire line, the previous intention of organizing a new
eompany to be called the Lake Erie & Pittsburg having been
abandoned. The new consolidated mortgage for §10,000,000,
which will be authorized by the P. S. & L. E., will, retire the
present consols and all the indebtedness of the company with
the exception of the $3,000,000 first mortgage bonds, for which
consols are reserved, It will also provide for the new con
struction, improvements on the old line, additional docks at
Conneaut, etc., and leave a large amount of bonds in the
treasury of the company for future requirements.
The contract for the Butler & Pittsburg will call for the
completion of the work in twelve months. The road will
cross the Allegheny River at Harmersville over a bridge 125
feet high and 2,200 feet in length ; the new construction also
includes a 700-foot tunnel.
The 25-year contract with the Carnegie Steel Co. of Pitts­
burg assures the P. S. & L. E. from that source alone, it is
stated, an annual tonnage of 3,000,000 tons, and with its pres­
ent traffic the total tonnage of the road will reach 5,000,000
tons. President Dick says the total freight tonnage of the
Carnegie works is some 12,000,000 tons annually.—Y. 62, p. 684,
Port Royal & Angusta R R .-P o rt, Royal & Western Caro
Una RR.—Charleston & Western Carolina RR.—R eorg a n ­
iza tion and C on solid ation — The Port Royal & Augusta, 112
miles, and the Port Royal & Western Carolina, 230 miles, the
latter including the Augusta Sc Knoxville, will, after fore­
closure, be merged into a new company to be called the Char­
leston & Western Carolina.—V. 62, p. 415, 1041.

[VOL. LXII.

St. Lawrence & Adirondack R R .—Yew B o n d s.— A special
meeting of the stockholders was to be held June 13 at Mont­
real to vote for the issue of new 5 per cent bonds to the
amount of $300,000 to retire the same amount of the present
outstanding first mortgage bonds and to issue second mort­
gage bonds to the amount of $400,000.—Y. 63, p. 503.
St. Louis & San Francisco Ry.—C ou p on P a y m en t .—
Coupons due Jan. 1, 1896, from the general mortgage 5 and 6
per cent bonds will be paid June 27 by the receiver at the
Equitable Building, New York City.
Offer to St. L ou is Salem & A rk a n sa s B o n d s. —Holders of
the first mortgage bonds of the St. Louis Salem & Arkansas
RR. Co. are notified by the committee of reorganization of
the St. Louis & San Francisco Ry. Co., Louis Fitzgerald,
Chairman, that they may participate in the reorganization,
each holder of $1,000 bond to receive therefor §500 in new
mortgage bonds, §400 second preferred stock (trust certifi­
cates), §600 common stock (trust certificates) of the St. Louis
& San Francisco Railroad Co. Thi3 offer has already been
accepted by a majority in amount of the bonds. Bonds must
be deposited not later than July 15 with the Mercantile Trust
C o —V. 63, p. 1088.
St. Louis Kennett* Southern RR.—C hange o f R eceiv er. —
On June 5 Louis Houck was removed from the office of re­
ceiver and Col. S. W. Fordyce, President of the Cotton Belt,
who was receiver before, was again placed in possession, this
time by Judge Adams of the Federal Court. Mr. H iuck is
contesting the matter.
Southwest Missouri Electric Ry .— New S tock and E x te n ­
sion s. —This company has increased its stock from §500,000 to
$650,000, and has purchased the electric railway on Main Street
in Joplin, and is now extending it to Galena, Kan., a distance
of eight miles. The extension to Galena will be in operation
by August 1st, and the company will then have a continuous
line of 23 miles, between Galena, Kan,, and Carterville, Mo.
S unmit Branch R R .— R eorg a n iza tion N o tic e .— E. B.
Morris, W. D. Winsorand George Wood, committee of bond­
holders, ask holders of coupon bonds, upon which default in
interest was made Jan. 1, 1896, to send their names and
addresses to the committee, care of the Girard Life Insur­
ance, Annuity & Trust Company, Broad and Chestnut
streets, Philadelphia. The necessary steps are being taken to
authorize the trustee to foreclose the mortgage, and the com­
mittee wishes to communicate with all bondholders for the
protection of their interests.—V. 62, p. 1088.
Texas & New Orleans R R .— P u rchase o f the l e x a s T ra n s­
p o r ta tio n C o. —The stockholders of the Texas & New Orleans,
at a special meeting June 1, authorized the purchase of the
Texas Transportation Co. The property purchased consists of
eight miles of railroad extending from Houston, along the
banks of the bayou to Clinton, besides several miles of side
tracks, valauable terminal property at both Houston and Clin­
ton, wharfs, cotton presses, warehouses, &c.—V. 57,p. 256.
Trinity Cameron & Western Ry.—B on d s f o r $2,847,453
a u th orized .— The Texas Railroad Commission on June 10th
granted this company authority to issue §2,847,453 of bonds
on 145 miles of road between Georgetown aDd Trinity. This
merely consolidates two former orders authorizing the George­
town & Granger Ry. and the Trinity Cameron & Western Ry,
to issue bonds, the two enterprises having been united under
the name of Trinity Cameron & Western. The road is pro­
jected from Austin via McNeil to Georgetown.—V. 60, p. 481,
Union Pacific Denver & Gulf Ry.—R eceivers’ certifica tes
called . —Receivers’ certificates for §75,000 are called for pay­
ment Sept. 15.—V. 62, p. 545.
Union Street Ry., Djver, N. H.—Sale O rd ered. —At Con­
cord, N. H., June 16, this road was ordered sold in foreclos­
ure, the upset price being fixed at §100,000.—V. 60, p. 969.
Whttebreast Fuel Co.—J u n e a n d D ecem ber C ou p on s to
be F unded. —Holders of the mortgage bonds of the Whitebreast Fuel Co. and the Iowa & Illinois Coal Co. are asked to
fund their June and December, 1896, coupons. A circular
signed by President Traer says in part:
The properties covered by these issues of bonds are situated ou the
Chicago Burlington & Quincy RR . and the Iow a Central Ry. The d e ­
pression follow in g th i panic of 1893 and the orop f ailure ot 1894
caused a great shrinkage in business, and yet the com pany has been
able to pay its bond interest prom ptly until the present time. It
w ould be able to do so now bu t fo r a floating debt, caused chiefly by
extraordinary expenditures and the paym ent fo r the sinking fund of
$210,000 bonds.
The largest bondholders agree that it w ould be wise to fund the
coupons o f June 1 and D ecem ber 1 , 1896, into 6 per oent bonds, retain­
ing the first m ortgage liens, these bonds to fall due in the same years
with the entire first mortgage Issues, but to be subject to call, the com ­
pany meanwhile to pay no dividends upon its shares. So large an
am ount o f bonds has practically assented to this proposition that it
does not appear probable that any legal proceedings (for w hich a
m ajority is necessary) w ill be taken.
Conditions have begun to improve. The enorm ous corn crop o f
1895 has n ot yet been m oved by the railroad com panies, who are our
customers. We shall share fuliy in the m ore prosperous genera' bu si­
ness conditions. The President is convinced that the results will he
satisfactory to the bondholders if they grant the concessions asked.
All neoessarv inform ation can be obtained at tbe oflics of the Atlantic
Trust Co., 39 William St., New York.

White Line Street Ry.—Wayne & Fifth Street RR.—
People’s Street Ry.—Dayton, 0 . —C on solid a tion . —A con­
solidation of the White Line Street Ry. and Wayne & Fifth
Street RR, has been arranged, subject to stockholders’ ratifi cation, under the title of the People’s Street Ry. Go., with
$1,100,000 capital. The new company proposes to equip the
Wayne Avenue division with electricity.
M i

THE CHRONICLE

J unb 20, 1896.J

R e p o rts
A T LA N TIC

&

a n d

H o cu m cu ts.

DANVILLE

RAILW AY

CO.

A P P LIC A TIO N TO T H E NEW Y O R K STOCK EXCHANGE.

1141

G eneral B alance S heet for E ight M onths , J u ly 1, 1895—
M arch 1 ,1 896 .
.•1 fs
Cost o f road and equipm ent......................... $6,757,489 37
L essam’n treceiv ’d from b on d h ’ d’rs’ c om ..
197,563 08
$6,559,926 29
Rails purchased.........................................................................
27,810 04
Material on hand......................................................................
12,395 08
Due from agents, individuals and sundry open accoun ts..
39,490 71
Bills receivable........................................................................ .
21,678 84
Cash in banks.............................................................................
56,514 16
First m ortgage bonds in treasury........................................
262,000 00

$6,989:815 12
N o r f o l k , V a ., May”, 1896.
L ia b ilities.
We respectfully make application for the listing of $1,238,- Capital stock:
000 bonds of the above railway, numbered respectively from First preference 5p . e. authorized $3,200,000, issu ed.. $3,099,,200 00
1 to 1.2:18 inclusive, this being the amount outstanding of a Common, authorized $2,500,000. issued......................... 2,180, S00 00
m ortgage 5 per cent gold bonds, due 1950............... 1,500. 000 00
total issue of $1,500,000 5 per cent first mortgage gold bonds, First
P ay rolls, February..................................................................
15,,017 14
dated January 1, 1895, payable 1950, with the option to the Renewals o f ties and r a ils )
i .....................
13 ,927 96
Renewals
o
f
e
q
u
ip
m
e
n
t...)
E
eselve
funds
^.....................
12
000 00
company to redeem them at any prior period, subject to six
Interest on bonds.....................................................................
18 ,234 25
montlis' notice.
liabilities......................................................................
38 ,135 66
The coupons are paid semi-annually, January 1 and July 1, Sundry
Balance to credit o f im provement accoun t........................
112 ,500 11
by the Mercantile Trust Company, New York (which is the
$6,989,815 12
Trustee of the company), ana the London & Westminster
The net revenues, as well as the amounts received from
Bank. London.
Tli- bonds to have all the rights of foreclosure after Jan- the bondholders’ committee under the reorganization plan,
have been expended on improvements, betterments on the
uan- 1, 1898.
H isto ry . —The Atlantic & Danville Railway Company was road and additional equipment. There is no floating debt.
chartered April 21, 1882: completed 1890 : receiver appointed The company owns all its terminals and entire equipment,
in January, 1891 : road sold under foreclosure and purchased which consists of 28 locomotives, 752 cars, 2 steam tugs, 4
in the interests of the bondholders, by B. Newgass & Co., barges and 1 steam shovel.
The mileage of the Atlantic & Danville Railway Company
Ltd., London, who represented the bondholders' committee,
for $1,105,000. The decree of sale accompanies this applica­ is as follows:
tion.
Standard Gtt u g e:
West N orfolk to D anville, V a.................................................. 204-96 miles.
There existed on the road before foreclosure and sale $4,- Portsm
to Shoulders H ill.................................................. 9 48
“
952.1X10 of 8 per cent mortgage bonds, the holders of which Emporiaouth
to H itchoock M ills...................................................... 8-33
“
had the choice of coming in under the plan hereto annexed Buffalo Junction to Buffalo Lithia Springs........................... 3 89 “
(which plan was advertised in the London and New York Sidings............................................................................................ 25-75 “
|* p e r s a considerable time after the foreclosure of the road),
T otal.........................................................................................252-41
"
which provided for an issue of $1,500,000 first mortgage Narrow
G a u g e:
bonds (5 |H-r cent), $3,200,000 preferred stock and $2,500,000 Emporia to Claremont on James R iver................................ 5 1 0 0 “
Sidings................................ ........................................................... 3 00 “
common stock.
Holders of old bonds were required to pay an assessment
T o ta l........................................................................................ 54-00 “
of 25 per cent on their i«ir value, against which they re­
The
standard-gauge track is laid with 56-pound rail and
ceived new first mortgage bonds at par for amount of the narrow-gauge
with 45-pound rail. Rails are all in
assessment, and in addition 60 per cent in preferred and good condition andtrack
laid
on
oak cross ties.
40 per cent in common stock.
The iron bridges are properly and substantially erected, in
$4,228,000 bonds have come in under the terms of the said accordance
with standard specifications, and all bridges are
plan, and the assessment for the remaining 724 bonds was amply strong
enough for locomotives weighing 50 tons on
provided by the large body of the bondholders. This assess­ the standard-gauge
track and for locomotives weighing 30
ment produced $1,238,000 in cash, for which the equivalent tons on the narrow-gauge track.
amount of bonds has been distributed, the remainder of
The road is provided with sufficient side-tracks, and frogs
$262,00<) being yet in the Treasury to be utilized for the and points are properly constructed.
interests of the road as and when required.
The station buildings, offices and shops belonging to and
After liquidating the amount due to car trusts, receivers’ used by the company are in good condition.
certificates and all other claims, there was left for the pay­
A report is attached from the Engineer giving the condi­
ment of the non-assenting bondholders $24,319 32, which tion of the road and equipment. Yours truly,
lias lieen deposited with the Mercantile Trust Company,
B. Newgass, President.
New York, for distribution, each bond which did not come
A dam T redwell , Secretary and Treasurer.
in under the reorganization plan receiving $33 60. T his was
The Committee recommended that the above-described $1,done under the direction of the commissioners appointed by
the Court. Messrs. Chas. Sharp of Norfolk and C. R. Alex­ 238,000 First Mortgage Five per Cent Gold Bonds of 1950,
Nos. 1 to 1.238 inclusive, be admitted to the list.
ander of New York.
A d op ted by the G overn in g C om m ittee, J un e 10, 1896.
The officers of the company are B. Newgass, President;
C. D. Owens, Vice-President and General Manager; Adam
Tredwell, Secretary and Treasurer.
The earnings of the road for the year Julv 1. 1894, to June
B R O O K L Y N UNION G A S C O M P A N Y .
30, 1895, were: Gross, $538,371 55; net. $102,950 89 ; from July
1, 1895. to March 81, 1896 (a period of nine months), gross,
APPLICATIO N TO TH E NEW Y O R K STOCK
$•127,116 51; expenses, including taxes, $327. 879 72 ; net,
EXCHANGE.
$99.2:10 79. Fixed charges: Interest for nine months on
$1 .238,000 5 per cent tionds, $46,425, leaving net revenue of
New Y ork , May 18, 1896.
$92,811 79. A detailed statement of the earnings and bal­
The Brooklyn Union Gas Company respectfully applies to
ance sheet from the Auditor of the company is herewith have the following described bonds and stocks issued by it
annexed.
placed on the regular list of the New York Stock Exchange,
ST A T E M E N T O F E A R N IN G * A N D E X P E N S E S .
viz.: $12,386,000 Consolidated Mortgage Five per cent 50-year
Gold Bonds, New York Guaranty & Indemnity Company,
E a r n in g , Ju ly. 1894, to June 30. 1895..................................$538,371 55
Exppn-f-4.
•*
"
.................................. 435,420 66 trustee, dated September 16, 1895, and due May 1, 1945, with
interest at the rate of 5 per cent, payable May 1 and Novem­
Earnings o v er operating expen ses........................................ $102,9o0 89 ber 1 of each year at the office of the company in Brooklyn,
Interest on bona* January 1 to June 30, 1895....................
30,950 00
or its financial agency in New York, each bond of the denom­
K ef Income from op era tion ....................................................... $72,000 89 ination of $1,000, and numbered from 1 to 10,600 inclusive
Earning* anti Expense* by Months from July 1, 1895, to March 3 1 ,1896# and 11,101 to 12,836 inclusive ; $15,000,000 of capital stock of
the company, being 150,000 shares of $100 each.
Expenses. Net Earnings•
E arning m.
This company was organized on the 9th day of September,
$3"7,923 60
$10,992 14
1895.................... $48,915 74
Ju ly,
5,155 26 1895, under the general laws of the State of New York, and
38,889 34
44,041 60
Aajrost,
•• ...................
9,642 66 on the 4th day of November, 1895, acquired by purchase,
36,295 50
45.938 16
Septem ber, “ ...................
18,077 61
37.921 15
55,998 76
October,
" ................
16,942 04 subject only to existing mortgages thereon, all the property,
35,241 38
52,183 42
Novem ber
'* . . . . . . . . . . . .
15,951 69 rights and franchises of the following companies thereto­
33,185 88
49,137 57
IXjcember, " ...................
3,311 37 fore engaged in the business of selling gas in the city of
36,435 89
39,747 26
January,
1896...................
7,372 18 Brooklyn, N. Y., namely: The Brooklyn Gas Light Co., the
35,986
98
43,359
16
February,
“ ..................
9,500 00
36,000 00
45,500 00
M arch, eatd. " ...................
Fulton'Municipal Gas Company, the Metropolitan Gas-Light
$96,944 95 Company, the Citizens’ Gas Company, the Williamsburg
$327,879 72
$424,824 67
Rent from leaae o f rail*,
Gas Light Company, the Peoples’ Gas Light Company and
2,291 84
i leeoim l .................
2,291 84
..............
the Nassau Gas Light Company.
The company paid, in consideration for the property, rights
$427^651
$327,879 72
$99,236 79
F ixed chanree, interest 9 mo>. on $1,238,000 5 p. o. bonds.. 46,425 00 and franchises of said companies, $15,000,000 par value of its
capital
stock, being the whole thereof, and $15,000,000 par
Net incom e from operation 9 moutha to March 31, 1896---- $53,847 13
value in its consolidated mortgage 5 per cent bonds; but
S l'M -M A R V ,
$3,900,000 par value of said bonds were appropriated and re­
Net Income from oper. July, 1894. to June 30. 1895.......... $72,000 89 served with the trustee under the mortgage securing the
*•
9 mos , July. 1895, to March, 1896.
53,847 13 same, to be exchanged for or used to retire or pay the under­
$125,848 02 lying bonds of the several vendor companies, and $500,000

1142

THE CHRONICLE.

par value of said consolidated mortgage 5 per cent, bonds
were appropriated and are held by the trustee to be used
only for the purchase or acquisition of additional property
or for improvements.
Since that date $2,164,000 of the bonds reserved have been
issued in exchange for or to take up an equal amount of
said underlying bonds, so that the amount of said consol­
idated morgage 5 per cent bonds of the Brooklyn Union Gas
Company now outstanding is, as above stated, $12,336,000,
none of the bonds reserved to acquire additional property or
for improvements having been issued.
The property of the company consists of seven different
gas works, with all the necessary appliances for manufac­
turing and storing gas, and seven separate and distinct sys­
tems of mains, connections, services and meters for the
distribution of gas throughout the entire city of Brooklyn,
except in towns recently annexed to said city, and the esti­
mated value of such properties is over $30,000,000.
The property, rights and franchises of the vendor com­
panies were duly transferred to this company by proper
deeds and other instruments of conveyance, under the au­
thority conferred at meetings of stockholders of such com­
panies, at which the propositions made by this company
were accepted by a unanimous vote, except in the case of
two companies where the votes were practically unanimous.
Under the terms of the contracts, stockholders who de­
posited their stock with the New York Guaranty & Indem­
nity Company received in exchange therefor prescribed
amounts of bonds and stock of this company, and those
declining to so deposit their stock were entitled under the
laws of the State of New York to apply to the proper court
for the appointment of appraisers and to be paid in cash the
appraised value of their stock.
Nearly all the stock of all the companies has been de­
posited and no stockholder has asked for an appraisement.
Under the laws of the State of New York authorizing this
amalgamation j the vendor companies have now no corporate
existence.
This company took over these properties November 4,1895,
since which time the monthly earnings and expenses to
April 30, 1896, were approximately as follows:

[Vox,,

C o m m e r c ia l

COMMERCIAL

lxh.

J J im e s .

EPITOME.
F

r id a y

N ig

h t

, J u n e 1 9 ,1 8 9 6 ,

Both the financial and mercantile world have followed with
great interest the political developments during the week, and
now that the St. Louis Convention has finally adopted a sound
money platform and nominated its candidate, a decidedly
improved feeling prevails. Further complications have arisen
over the Venezuelan boundary line dispute, but no develop­
ments of a serious nature are apprehended. There were dis­
turbing rumors early in the week intimating that the St. Louis
Convention would embody in its platform an aggressive Cuban
policy. These rumors, however, proved to be unfounded.
Advices received from Japan re( orted an appalling loss of
life by earthquakes. Speculation in the grain and cotton
markets has been fairly active, and while there have been
rallies in prices the improvement has not been maintained.
The demand for lard on the spot has continued slow and
at the close prices were quoted slightly lower at 4’40c. for
prime Western, 4-05c. for prime City and 4'70c. for refined for
the Continent. There was no trading in the local market for
lard futures, but nominal prices were quoted slightly higher
early in the week in sympathy with an advance in the grain
markets; subsequently continued free receip's of swine caused
a decline and the close was easy.
D A I L Y C L O SIN G P R IC K S O F L A R D F U T U R E S .

J u ly ................................. o.

Bat.

M on

Tuts.

Wed.

Ih u r

Fn.

4-45

4-45

445

4 '50

4 45

4 '4 0

The demand for pork has been moderately active and prices
have advanced slightly, closing at $8 50@$8 75 for old mess
and $8 75@$9 for new do.; $9 75.4$10 for family and $8 95@
$10 50 for short clear. Cut meats have been in fair demand
and firmer for pickled bellies, closing at 4J^@4%c. for pickled
bellies. 12@10 lbs. average, 4%c. for pickled shoulders and
9/^@9%c. for pickled hams. Beef has been quiet but
Gross E a rn in g s.
E xp en ses.
N et E a rn in g s. steady, closing at $6 50@$7 for mess, $7 50®$8 for packet,
$
$
$
$8 50@$10 for family and $11 50@$14 for extra India
N ovem ber, 1895......... 390,200 04
190 215 58
199,985 06 mess.
Be f hams have been quiet at $15@$15 50. Tal­
Decem ber, 1895......... 423,218 68
217,114 49
206,104 19
January, 18 m6 ............ 433,341 64
216.630 79
216,710 85 low has been in active demand for export to France
Oleo
F ebruary, 1896.......... 374,825 67
196,206 03
178,619 64and prices have advanced, closing firm at 3J^e.
March. 1896............... 335.274 86
187,894 44
147.380 42stearine has advanced, closing firm at 4jgC. Lara stearine
A pril, 18 96................. 298.084 84
180,180 42
117,904 42
has been dull and easier, closing at 5c for City. Cotton seed
T ota l...................... 2,254,946 33
1,188,241 75
1,066,704 58 oil has been quiet but steady at 20@21c. for prime crude
The fixed charges of the company will be approximately and 24J^@25c. for prime yellow. Butter has been in moder­
$750,000 per annum. The first balance sheet of the company ate demand and steady, closing at ll%@15Lfc for creamery.
is in course of preparation, and will be forwarded to you as Cheese has been quiet and easy, closing at 5^@7J4c. for State
factory, full cream. Fresh eges have been freely offered,
soon as completed
The Guaranty Trust Company is the transfer agent, and closing easy at 12c. for choice Western.
Coffee of Brazil growth has sold slowly and the tone has
the United States Mortgage & Trust Company is the regis­
been easy under low offers from primal markets, closing at
trar of the stock of the company.
The officers of the company are as follows: President, 134£c. nominal for Rio No. 7. A moderate amount of busi­
George W. Young; Vice-President, John T. Mills, Jr.: Treas­ ness has been transacted iD mild grades, but offerings have
been increased and prices for good Cucuta have declined to
urer, E. R. Chapman; Secretary, F. W. Wilcox.
The directors of the company are : George W. Young, 16@lCJ|'c.; standard Java quoted at 24@24)^0. Speculation
in
the market for futures has been quiet and prices have
George R. Turnbull, John T. Mills, Jr., Grant B. Schley, W.
declined under the receipts of low “firm offers” from Brazil
B. Dickerman, H. H. Durand and Charles E. Ball.
Enclosed herewith you will find six copies of the mortgage and weaker European advices, closing barely steady.
The following were the final asking prices:
of the company, a certificate of Messrs. Simpson, Thacher
& Barnum, the counsel of the company, as to the validity June............. . . . l l '8 0 o . |S ept...................10'40o. I D eo................ .. 9 95o.
................ l l ’40o. O ct.....................10-lOe. Jan...................... 9'85o.
of the organization and the legality of its title to its proper­ JAuuly
g ...................10'75o. I N ov................... 10'05c. 1 Feb...................... 9'85o.
ties ; a certificate of the trustee acknowledging the accept­
ance of the trust and giving the serial numbers and amount
The demand for raw sugars has been quiet and prices de­
of bonds executed in accordance with the terms of the clined under weaker advices from Europe, closing at 35gC. for
mortgage.
centrifugals, 96-deg. test, and 3J^c. for muscovado, 89-deg.
Specimen copies of the stock certificate and bonds of the test. For refined sugars there has been a quiet market and
company are also submitted for the inspection of the Com­ prices have been lowered 1-16<\; granulated quoted at 4 15-16c.
mittee.
Teas have been quiet and steady.
Respectfully,
E. R. CHAPMAN, T reasurer,
Kentucky tobacco has been in increased supply aud busi­
ness has been more active with prices ruling steady. Sales
The Brooklyn Union Gas Company.
The Committee recommended that the above-described 250 hbds. principally for export. Seed leaf tobacco has been
$12,336,000 First Consolidated Mortgage Five per Cent 50- in limited request and steady. Sales for the weak were 1822
year Gold Bonds of 1945, Nos. 1 to 10,600 inclusive, and cases as fo lows : 450 cases 1894 crop New Eng. Havana seed,
Nos. 11,101 to 12,836, and the $15,000,000 Capital Stock, be 5@17%c.; 200 cases 1894 crop Staie Havana, 9<al2e.; 355 cases
admitted to the list. Also this Committee be empowered to 1892 crop Penn, seed leaf, 9@12c.; 140 cas> s 1892 crop Penn.
add to the list from time to time additional bonds, reserved Havana seed, ll?|@123^c ; 200 cases 1893 crop Penn. Havana
by the Trustee for exchange, up to a total of S14,500,000, ! seM, 12@13 .; 125 cases 1894 crop Penn. Havana seed, 9@10c.:
upon receipt of an official notice that such exchanges have 350 cases 1894crop Z'mmers, 10$^@12J^c. and 200 casts 1893-94
been made and bonds issued.
crop Wis. Misc. Havana, 5.4 b % c.
A d op ted by the G overn in g C om m ittee J u n e 10,1896.
The market for Straits tin was depressed early in the week;
subsequently tlere was a recovery on stronger fereign ad­
—Messrs. Harvey Fisk & Sons have issued a circular letter vices. and the close was at an advance over last week’s prices
btg'ng upon the banks and the banking interest throughout and firm at 13'50@13 60c. Ingot copper has been firm but
the country to follow up the triumph for Bound money at the less active, closing at ll'50@12o. for Lake. Lead has been
St. Louie Convention with an effort in the same direction for quiet but steady, closing at 3@3‘02}^c. for domestic. Spelter
a similar declaration at the Chicago Convention. As an ex­ has been quiet and unchanged, closing steady at 4 05@
cellent educational weirk they refer to a book entitled “ Wages, 4'10c. for domestic. Pig iron has been quiet and without
F |35fd Incomes and the Free Coinage of Silver,’1 by Isaac change, closing at $10 75@$13 for domestic.
Refined petroleum has again advanced, closing at 7c. in
Roberts, which they offer to furnish free of charge in such
bbls,, 4 50c. in bulk and 7 90c. in cases; crude in bbls. has
quantity as can be distributed to advantage.
naphtha unchanged at 73^e. Grude certificates
Mr. F. J. Lisman announces in another column that he is been nominal;
been firmer, closing at $1 20 bid. Spirits turpentine has
repared to trade in the various bonds of the Union Pacific have
been in fair demand and the close was firmer at 25t^@26J^c.
ystem.
Rnsin has weakened slig itly, but the cl >se was steady at $1 70
~4'he Minnesota Iron Co. has declared a quarterly dividend for common and go'd strained. Wool his been in better de­
of
per cent, payable July 15.
mand and steady. Hops have been dull but about steady.

THE CHRONICLE.

June 20, 1896.]

1143

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
June 19, 1896.
deared, 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 14,669 bales,
ON S H IP B O A R D , N O T C L E A R E D F O R —
against 13,277 bales last week and 14,878 bales the previous
L ea v in g
week, m iking the total receipts since the 1st of Sept., 1896,
June 1 9 at —
Great
Stock .
Other Coast­
5,174,179 bales, against 7,882,273 bale3 for the same period of
Total.
Britain. France. Foreign wise.
1894-5, showing a decrease since Sept. 1,1895. of 2,658.113 bales.
C O

T T O

F r id a y

R eceipts at—

M on.

Sal.

29
T ex . C ity, &c.
Hew O rlean s...
M o b ile ...............
F lo rid a .............
Savannah .........
Bruns sv'k, &e.
C harleston. . . . .

Wed.

219

103

.

N ig h t ,

T ku rs.

680
2
......
210

7
13

5

1

49

28

163
......
......
97

100
......
......
......
144

4,999
2
178

......

F r i,

145

758
1
......
506
......
7

227
13
......
20
......
1

W ash'ton, Ac.
N orfolk..............
W est P oin t.......
N’p ort N., Ac.
New Y o r k * ...,.

Tues.

N

Total.

174
......
3,433
1
......
5

670

354 10,431
2
21
75
346
52

994
346
70

6

25

3
......
472
......
48
218

446

3
________
103
......
......
......

151

59
200

B altim ore.........
Fhiladelph’ a,Ao

25

23

25

165

. ..
39

Tofc’ls this w eek

5 )5

5,612

1,781

1,430

3,581

472
59
640
218
277
.
1,750 ; 14,669

The foil >wing shows the week's total receipts, the total since
Sept. 1, 1895, and the stock to night, compared with last year.
R eceipt* to
J u n e 19.

670 925,870
......
112,443
10,431 1.736,906]
21 195,686
......
33,753
99 41 749,145
346j 115,971
70] 379,735
.........i
77,242
25! 170,976,
........ !
7071
446! 336,8651
N o r fo lk ........
.........1 143.039
West. P o in t. .
472125,424
N y t .Y -.A c
591
53,147
New Y o rk ...
6401 125,048
B o s t o n ,... .218
49,012
B altim ore. .
277 : 43,130
Phlladel., &«.

G a lv esto n ...
T ex. C., Ac.
New Orleans
.M obile..........
F lo rid a .........
S avan nah. . .
Br'wiefc, Ac
Chari eastern..
P. Royal, Ac
WStmiagtosu

T o ta ls .....

Stock.

1894-95.

1895-96.

T his S ince Sep. j This |Since Sep
W eek. | 1 ,1 894 .
W eek. \ 1, 1895.

14,8691.5.174.159

47711,651,573
92
73,842
2,83312,507,293
770 233,192
13
25,395|
1,607 937,548
56
35 427,156
3,570 160,783
20 234,299
928
391 469,506
110 285,674]
42,411
219
45 137,107
1,389 160,471
372 118,145
3,509 148,885
15,514 7,832,272

1896.

1895.

11,540

9,020

73,631
4,869
......
10,007
1,273
13,523

124,293
10,704

4,998

11,119

8,822
82
115,105
9,700
9,912
8,391

18,846
233
2
210,587
6,000
11,076
10,499

276,913

•152.894

18,346
2,497
19,672

In order that comparison may be made with other years, we
give below the total, at leading ports for six seasons.
Receipt* at—

1896.

] 1895.

1891.

| 1893.

| 1892.

W. Point, Ac.
A il oth ers...

070!
10,431
21
994
70
25
446
472
1,540

569
2,833
770
1,607
3,605
20
391
335
5,381

1,319;
3,106
47,
2,800
1,935
16
874
502
1,471

1,574
8,984
769:
3,636'
1,4251
98
2,716
691
3,203:

Tot. this wk.

14,669

15,514

12,069:

23,090]

( H l r n 'o A c,
N ew Orleans

Mobile......

Savannah. ..
Oha#*toat Ac
W UiD,io& ,4e

Norfolk.....

] 1891.

2,101 i
4,517!
315
2,879 !
2,448
106
2,444
897
3,936
19,643

956
3,792
513
2,3 37

388
74
1,809
2,428
3,115
15,412

N ew O r le a n s .
G a lv e s t o n ......
8 a v a n n a h ...........
C h a r le s t o n .. . .
M o b ile . . . . . . . . .
N o r f o l k ................
N e w Y o r k .........
O t h e r p o r t s ____

4 ,0 0 0

706
N one.
N one.
N one.
N one.
N one.
500
N one.

T o ta l 1 8 9 6 ...

7 ,3 5 1

1 ,2 0 6

2 6 ,6 0 8

4 ,0 5 4

3 9 ,2 1 9

2 3 7 ,6 9 4

T o ta l 1 8 9 5 ...
T o ta l 1 8 9 4 ...

1 9 ,1 1 0
4 ,9 0 1

683
1 ,4 8 1

1 2 ,4 0 4
2 0 ,9 0 8

3 ,1 0 0
6 ,0 7 7

3 5 ,2 9 7
3 3 ,3 6 7

4 1 7 ,5 9 7
3 3 9 ,1 3 5

2 ,2 0 0

Export*

1890.

C o n ti-

T oU t

ru n t.

W eek.

fr o m —

GULF.
Good Ordinary........................
Low Middling ..................- ........
Middling_________________

B r it’n.

0 a l? e s iO n ,„ ,,,

F ra n ce

0,019

s .e u i

T e x . C M f . M e ..

JSfw Qrlmm.r
M obile A P o o .

1,522

5,976

7,498

S a t a n a mh . . . . .

Bro n**w ic k -,..,
C h a r le s to n * ...
WUmirijctOfl., -

Norfolk. ......
W e s t P o in t... .

Me
New Y o r k ...

........

....

N ’p’t N ew s,

B o s t o n .......
B a ltim ore....
Phllatlelp’a.A c
T o t a l .. . . . . . .

S.77’7
6m
so

zum

2 4 PAM
T otal.
* la c ln d ta g P ort Koyai.

F r o m S e p t 1, 1895, t o J u n e 1 9 ,1 89 0.
E x p o rte d to —
G rea t
B r ita in . F r a m e

136,17* 95,480
i,5 9 »
39,020
068,857 305,29
89.69-1
33,880 20,349
50,38 f
97,875!
40.053
1,770
30,715
9,930
14,029
338,397 28.448
253 8 2
2,018
57,049
9,211

C o n t i-

n en t.
104,634

T o ta l

090,588

80,471
4 2 ,2 5 2
5 5 1 ,2 2 4 1,528,309
29,947
302,955
23,959
178.442
90.708
15,81*

202,534
2,792
81,201
83.594

119.511
304,090
74,340
270.817
132,531
52,583
9,930
14,629
029,374
250,084
142,208
42.8*5

1,354

13,078
058
1,404

mi

7,375

28,252 2,178,06.1 403,949 1,785,058 1.427,070

10 0

9.943

84,405 3,30^.204 770.f'84 2 458.822 0.5&2 170

897

4,199

2 ,7 3 5
319
N one.
200
N one.
800
N one.
N one,

1 8 ,2 0 0
319
1 .5 0 0
200
N one.
1 .5 0 0
1 2 ,5 0 0
5 ,0 0 0

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

S a t. M o n T n e s W e d

UPLANDS.
Grood O r d in a r y .-..-.-—. ...........
Low M idd lin g ................ ..........
Middling................................... .
flood M id d lin g ..........................
Middling Fair............ . ...............

Middling Fair— - . —
W e e k E n d i n g J u n e i£
E x p o rte d to —

1 3 ,6 0 8
N one.
1 ,5 0 0
N one.
N one.
700
9 ,8 0 0
1 ,0 0 0

Speculation in cotton for future delivery has been moder­
ately active, but the course of prices has been somewhat ir­
regular. Early in the week (Monday) prices advanced
sharply for this crop—36 to 28 points—on an active demand
from “ shorts'’ to cover contracts, stimulated by unexpected
strong cable advices, Manchester reporting a good demand
from spinners for spot cotton and at advancing prices. Con­
tinued reports o f drouth in Southwestern Texas and the fact
that the St. Louis Convention was to adopt a sound money
platform gave additional strength to the situation. Prices
for the next crop advanced 10 to 16 points. Tuesday advices
received iit>m Liverpool were disappointing, and this with
report - of showers in Southern and Western Texas prompted
selling by “ longs” to realize profits, and prices declined 10
to 11 points for the summer months and 5 to 7 points
for the remainder of the list. Wednesday there was
an irregular decline ; prices for this crop lost 14 to 16 points
under continued liquidating sales by “ longs,” due to weaker
foreign advices and unfounded rumors that the St. Louis
Convention was to adopt au aggressive Cuban plank. The
next crop, however, held comparatively steady, prices losing
only 3 to 5 points. Yesterday the market advanced slightly
during early ’Change under better advices from the English
markets than expected. Subsequently, however, liquidation
by “ longs ” in the near-by deliveries caused a decline. The
distant months held fairly steady, as crop accounts latterly
have not been so generally favorable, closing at a decline of
7 to 8 points for the summer months and unchanged to 1
point lower for the next crop. To-day the market declined
slightly during the first hour o f business but later continued
reports of dry weather in Southwestern Texas stimulated a
demand from “ shorts” to cover contracts and prices ad­
vanced, closing firm with this crop 8 to 10 points higher and
the next crop 4 to 6 points up for the day. Cotton on the
spot has been quiet but on Monday there was an advance o f
7(0. and Tuesday there was a further improvement of l-16c.
Yesterday there was a decline of %o. To-day the market
was quiet and unchanged, middling uplands closing at 7f^c.
The total sales for forward deli very for the week are 759,300
oales. For immediate delivery the total sales foot up this week
3,759 bales, inoluding----- for export, 859 for consumption,
— for speculation and 2,900 on contract. The following are
the official quotations for each day of the past week—
June 13 to Jure 19.
On the basis of the rates on and off middling as estab­
lished by the Revision Committee, the prices fora few o f the
grades would be as follows :

Since S e p t . 1 5174,159 7832,272 5970,851 4974,374 7032,849 6843,569

The exports for the week ending this evening reach a total
of 29,252 bales, of which 21,48') were to Great Britain, 397
to France and 7,373 to the rest of the Continent, Below are

1 ,1 5 1
N one.
N one.
N one.
N one.
N one.

.........

6%
7%
73*
81,8
8%

6%
7%
7%
8*16
8%

T li.

F ri

6%
7 34

65a
7*4
7*%
7lole 715,6
8^
8*2

85,.

6H 16
7»,6
711,,
8
89,«

S a t.

M on T u es W ed

TJ*.

F ri

7
7%
8_
8°10
8 78

6%
7*3
7%
8»is
8%

6 7s
7*s
7 7s
83,«
83*

M on T u es W ed: T b .

F r i.

67,8
7*,o
7 718
7\

®I'l6 6*5,8 7
7°, 8 79,6 75g
7.1,8 7*5,6 8
8*4
gjte
89,6 8*3,6 8 ^

STAINED,

S a t.

Low Middling— ......... ..............
M id d lin g....— ............ ..............
Strict M iddling.—......... ............
Good M iddling T inged....... -.

6b6
7li*
7La
7b«

6*5
6*u
7% | "38
7*7,a
?!& 7*73a
7*1,6 7% ' 7%

7%

630
7^4
V ?™

7%

6%
7*4
7»M
7**8

M A R K E T AN D SA LE S.
BAI.ES o r SPO T AND CONTRACT,

SPO T M A RK ET
CLOSED,
S a tfd a y .
M onday.
T u esd ay
W e d ’d a y
T l n t r ’d ’y
F r id a y ..
T o ta l.

Q u ie t & s t e a d y .
Q u ie t a t % a d v . .
^ .u ie t a t l i e » d v .
Q u ie t. . . . , . . . . . .
Q u ie t a t * 3 d e c . .
D u l l ..........................

.

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

....

Ex­
port.

Oon- Spec- Oonswmp. uVVn iract.
161
169
122
116
205
86
859

2 ,9 0 0

—

2 ,9 0 0

Total.

Sales o f
Futures.

161
3 ,0 6 9
122
116
205
86

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

3 ,7 5 9

7 5 9 ,3 0 0

T he Sa les a n d P rices of F utures at New Y ork are
shown by the following comprehensive table.

I—I

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iisfla

fe ;

o
P$
w
o

M arket, P rice s a n d
Sales o f
FUTURES.

H

Ttl

D A IL Y
J u n e.

J u ly.

•s 1 - s J

^■agl
rfl w
s^sl
r3
©

S rD ^ tB
g
“
5 © d .s

sis?

A u g u st.

P R IC E S

Septem ber.

AND

October.

Eufaula,
M ontgom ery
Selma,
Helena,
L ittle R ock,
Albany,
Athens,
Atlanta,
Augusta,
Columbus,
Macon,
Rome,
Louisville,*
Shreveport,
Columbus,

+3 ©1 wp-H
M ©.h OJ Moridian,
go? dco
S ®

o a 4^ o

«1

OHtj
o m
►
H +3
©
g d ® ft

S’

S © <?3 ft

<

CHg g
£ &8

SALES

Natchez,
Vicksburg,
Y azoo City,
St. Louis,
Charlotte,
Raleigh, t
Cincinnati,
Columbia,
Greenwood, {
Memphis,
Nashville,
Bren ham,
Dallas,
Houston,

A rk an sas ..
ft

G e o r g ia ....
*(
n
ft
“
it
it

Kentucky.
L o u isiana .
M ississipp i .
it
“
it
it
it

M isso u ri ...
N.C arolina
“
O h io ............
8. Ca r o lin a
“
T ennessee ..
a

T e x a s ..........

D ecem ber.

FOR

164
74
95
1G
2
27
20
796
10
35
122
3
1,945
32
75
3,158
50
6
737
21
121
913

“

Total, 31 tow n s..........

OF FU T U R E S

N ovem ber.

A lab am a ...
«(

6
23
11

EACH

J a n u a ry .

16,387
117,497
34,978
50,598
98,933
26,758
50,256
91,455
173,708
46,946
50,206
51,843
5,972
79,546
28,448
40,500
33,177
48,040
65,541
53,405
564,967
20,457
21,335
216,480
33,868
15, 986
419,622
21,241
53,841
41,130
1,041,396

8,462 3,614,517

3
228
32
267
589
300
123
130
91
26
83
7
100
144
148
132
3,005
32
85
3,010
50
3C6
2,036
110
4,645

227
1,635
751
906
4,752
821
2,782
2,104
7,555
3,492
2,517
1,251
125
2,046
123
900
2,400
1,947
4,241
3,271
30,014
25
1,100
3,898
350
25,273
218
1,835
1
7,088

15,682 113,648

M ovem en t to J u n e 21, 1895.
R eceipts.
S hipm ’ ts Stock
This
S ince
This
w eek. Sept. 1 /9 4 .
w eek. J u n e 21.

128
15
35
165
21
86
27
4
8
263
62
8
64
10
2
1,9 7 5
52
100
1,149
495
7
436
15
671

M arch.

A p r il.

A v ’ge.. 7-46 A v ’ge.. 7-53 A v ’ ge.. 7-49 A v g e .. 6-80 A v ’ge.. 6-77 A v’ ge.- 6-73 A v ’ ge.. 6-75 A v ’ge.. 6-80 A v ’ge.. 6-82 A v ’ ge.. 6-88 A v ’g e ..------Higher.
2,800
55,700
23,600
300
2,600
200,700
11,600
22,300
5,600
33,900
42,300
6*70® 7 6( 7-38® 7-50 7*43® 7*61 7*39® 7*60 6*76® 6*85 6*74® 6*81 6*70® 6*77 6*71® 6*80 6-76® 6-83 6*81® 6*87 6*86® 6*92 — ® —
7 * 5 8 - 7*59 6 - 8 4 - 6-85 6 * 8 0 - 6*81 6 - 7 6 - 6-77 6 - 7 8 - 6-79 6*82— 6*83 6 - 8 6 - 6-87 6 - 9 1 - 6-92 — — “
Bteady.
7-57— 7-59 7 - 5 9 - —

Tuesday, June 1 6 Sales, total............
Prices paid (range)
C losing................

A v ’ge.. 7*57 A v’ ge.. 7*53 A v’ ge.- 7*55 A v ’ge.. 0-80 A v ’ge.. 6-78 A v ’ ge.. 6-74 A v ’ge.. 6-77 A v ’ge.. 6-81 A v ’ ge.. 6-84 A v ’ge.. 6-89 A v ’g e ..------Lower.
1,300
100
22,000
38,200
1,300
164,500
26,400
9,700
44,800
1,700
19,000
6*70® 7 ‘6< — ® 7-57 7-50® 7-56 7*47® 7*64 6-75® 6-88 6 73® 6-84 6*70® 6*79 6-73® 6-82 6*78® 6*86 6*83® 6*86 6*88® 6*91 — ® —
6 * 7 4 - 6*75 6 - 7 3 - 7*47— 7*49 7 * 4 8 - 7*49 7-47-------Steady.
6*71— 6*72 6 - 7 3 - 6-74 6-77— 6-78 6-82— 6-83 6 - 8 6 - 6-87 “ — ~

W ednesd’y, J ’ne 1 7 Sales, tota l..............
Prices paid (range)
C losing...............

Weaker.
A v’g e ..-------- A v ’ge.. 7-40 A v ’ ge.. 7*39 A v ’g e.. 6-71 A v ’ge.- 6*69 A v’ ge.. 6*67 A v ’ge.. 6*69 A v ’g e.. 6'72 A v ’ge.. 6*76 A v’ge.. 6-81 A v ’g e ..------600
1,800
47,300
17,500
154,600
35,900
20,100
30,100
2,700
8,600
7-33® 7-44 7*32® 7*45 6-66® 6-75 6*65® 6*74 6*64® 6*70 6-65® 6-74 6-69® 0-77 6*75® 6*81 6-79® 6-86 — ® —
— ® —
6*64® 7-41
7-32— 7-34 7-33— 7-34 7 - 3 3 - 7-34 6*71— 6*72 6 6 9 - 6*70 6 - 6 7 - 6-68 6-69— 6-70 6 - 7 3 - 6-74 6 - 7 7 - 6-79 6 - 8 2 - 6-83 — ~ —
Steady.

Thursday, June 1 8 Sales, to ta l..............
Prices paid (range)
C losing.....................

Irregular. A v ’g e ..------- A v ’ge.. 7-36 A v ’ge.. 7-33 A v ’g e.. 6*73 A v ’ge.. 6*72 A v ’ge.. 6*70 A v ’ge.. 6*71 A v ’ge.. 6*75 A v ’ge.. 6*78 A v’g e .. 6*85 A v ’g e ..-------- A v ’g e ..7,700
1,000
90,000
1,500
21,300
18,300
7,000
17,600
400
15,200
7-27® 7-38 7*26® 7-40 6*70® 6*75 6*67® 6*73 6*66® 6*72 6*67® 6*73 6*72® 6*78 6*77® 6*79 — ® 6 85 — ® —
6*66® 7*4i
— ® —
Steady.
7
2
5
7-27
7 * 2 6 - 7*27 6-70— 6-71 6 - 6 8 - 6-69 6 * 6 6 - 6*67 6 - 6 9 - 7 - 2 5 - 7-27
6 -7 3 - —
6 - 7 7 - 6-78 6*82— 6-83 — — —

Friday, Juno 1 9 Sales, total.
Prices paid (range)
C losing....................

Steadier. A v ’ge.. 7-36 A v ’ge.. 7-20 A v ’ge.. 7-2S A v’ge.. 6-71 A v ’ge.. 6-69 A v’ ge.. 6-68 A v ’ge.. 6-71 A v ’ge.- 6-74 A v ’ge.- 6-80 A v ’ge.. 6*83 A v ’g e ..------1,400
100
27,400
7,100
4,400
600
2,600
74,800
9,300
12,600
9,300
7*22® 7*33 7*22® 7*35 6*68® 6*74 6-68® 6-73 6*66® 6*71 6-68® 6-75 6*72® 6*79 6-77® 6-81 6-82® 6-34 — ® —
6*66® 7 3
7*36® —
Firm.
7-35— 7-37 7 - 3 3 - 7-34 7*34— 7*35 6 * 7 4 - 6*75 6 - 7 2 - 6-73 6 - 7 1 - 6 72 6*73— 6*74 6 - 7 8 - 6-79 6 - 8 2 - 6-84 6 - 8 6 - 6-88 — — —

II Sales since Sep.1/95* 44,408,300

651
1,459
131
26
3,391
373
153
3,632
8,037
3,847
344
47
701
1,403
25
300
508
485
492
242
25,326
10
1,200
10,294

90
627
66
730
578
477
159
54
3
50
100
101
5
10
2,815
67
2C0
1,351
495
7
634

803

100
3,248
64
2,225
53
3,131

10,055

71,898

55

d 01

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© .
© ®+3
0 3 C3 £
J3 -H d £ «
H d
b H
a C
>S©
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co

M a y.

Monday, June 1 5 Sales, to ta l..........
Prices paid (range)
C losing...............

759,300

288
265
17

§§^.sg

M ONTH
F eb ru a ry .

Sales, Irrtal.............
Prices paid (range)
C losing................

Total sales this week
A verage price, week

19,365
144,067
77,343
68,882
125,158
32,644
79,381
166,059
209,692
64,212
69,519
85,648
11,425
118,169
40,322
42,834
44,461
65,149
63,140
58,847
928,669
25,004
35.121
381,292
35,267
16,800
584,492
61,511
119,976
63,742
1,788,357

5,798 5,626,548

A v ’ge.. 7 ‘27 A v ’ge.. 7'27 A v’ g e.. 7-28 A v’ge.. 6-66 A v ’ge.. 6-65 A v ’ge.. 6-62 A v’g e.. 6-63 A v ’ge.. 6'68 A v ’ge.. 6-72 A v ’ge.. 6-78 A v ’g e.-— —
Steady.
100
600
7,200
10,300
1,100
5,200
19.800
11,900
1,800
74,700
16,700
7*26® 7*27 7*25® 7*31 6*64® 6*69 6-62® 6-69 6*00® 6*65 6*60® 6*67 6*64® 6*72 6-69® 6*76 6*74® 6*82 — ® —
6-60^ 7*31 7*27® —
7*31— 7*32 7 3 1 — 7-32 7 * 3 0 - 7*31 6 - 6 8 - 6-69 6 * 6 8 - 6*69 6*64— 6*65 6*66— 6*67 6*71— 6*72 6 - 7 6 - 6-77 6-81— 6-82 — — —
Firm.

Saturday, Juno 13—

rt

M a r k e t,
R a n g e arid
Total Sales.

lla^

ai'2^3 fc©s.s
ISSflt g §i°fls sMN Sd 0
§|lpli

M ovem en t to J u n e 19, 1896.
R eceipts.
Shvpm’ ls S tock
This
S ince
This
w eek. S e p t.l* 95. w eek. J u n e 19.

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200,200
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85,100
6-74

140,500
6-72

48,000
669

167,200
6*71

86,300
6-75

7.200
6*79

14,800
6-84

1,221,800

932,400

I 4,734,400

677,900

1,803,300

894,300

1,398,200

487,700

59,100

58,300

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THE CHR01N1CLE.

J une 20, 1896,]
Q u o t a t io n s f o b

M id d l in g

C otto n a t

Oth er M a r k ets.—

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week,
_ .
June 1 9 . ”
G a lv e s to n . .
N e w O r le a n s
M o b i l e ...........
S a v a n n a h ,.,
C h a r le s to n -.
W ilm in g t o n .
N o r f o l k .........
B o s to n . . . . . .
B a ltim o r e . .
P h ila d e lp h ia
A u g u s t a ____
M e m p h is ___
S t . L o u i s ___
H o u s t o n ___
C i n c i n n a t i .»
L o u is v ille ...

OIOSrNO QUOTATIONS FOB MIDDLINO COTTON ON—
Satur.

Tuts.

M on.

6USlg
Oh
6U j 8 1
7

7k

i

0 1 3 ,3
7%

7k

7%
7%
7 7i s
7 V
7 J 6 .S
7%
7
7*18
0 l b t8
7%

j

7

7he
e lite
73*

7*9

7 ° 18
7 1 *1 6
7 U ,6
8

7k
7
7k

7k
7%

73,

7%

Thurs.

7
7
6*h S
7k
7
7 is
7 ° is
7 -k
7U W
8
7%
7
7%
7
7%

7

Nominal. Nominal.
7%
7H
r iie
7'V,8
7 » lS

Wednes.

7

0 !5 ia
6 * *1 8
e iiw

F ri.

7
7
6 he
V is

7
6 l » L6
613U

7k

rr
7k

7
7k
7 6 ,e

7k
7k
7k
7k

7 1 >16
TVs
7%
7
7%
7
73s
7k

7is

7
7be
S 1 5 ,g
7k
74

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A t l a n t a . . . . ____
C h a r l o t t e ______
C o lu m b u s . G a .
C o lu m b u s , M is s

fir *

7k

! E u f a u l a . . . ..........
I J t t l e R o c k ___
| M o n t g o m e r y .- .
i N a s h v i l l e ............

N a t c h e z ...............
R a l e i g h ................
S e l m a ......................
S h r e v e p o r t .........

6\
0%

7k

6 H ie
C '8
She

R e c e i p t s f r o m t h e P l a n t a t i o n s . — The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part o f the crop which
finally reaches the market through the outports.

Week j T&cdptjf at thePorts. \St'katInteriorTowns. Bee*ptsfromPlanPm.
Ending—j 1SSHL' 1866. j 1898. 1 18*3*. j 1885. J 1898. j 1894, j 1895. 1896.
May 16...... : turn S©,$0$ 31,871* 1*7,049437,322? 187,120 12.736: 19,334? 12,221
....
111.85V Juss.ouj 9 , « 8 i 6,802
** 22...... 21,802 20,006: 22,078 j 131, *851
1,676j 15,789 ; 2,310
. i2 .2 ‘ *8 28*0205 17*88© 123,983:101,828 .147,437
. lb.esrr i#
mm M .87S! 112*131188,421 j 137,707 j 6,8041 4,622 5,148
Jane
5 ,2 6 1 l ........ .
M 12. . ...j 18,813 l&jm 13,277 90,082 78,165 120,8881 6,684
7.449
“ 19.... J
16,61* 14,089 i 92,347 s 71,698! 113,048:: i.ic i 11,257
i

,f

The above statement shows: 1.—That the total receipts
from the plantations since Sept, 1, 1895, are 3,355,10? bales; in
1894-95 were 7,848,833 bales; in 1893-94 were 5,837,033 bales.
8.—That although the receipts at the outports the past week
were 14,68 ) bales, the actual movement from plantations was
only 7,449 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 11,237 bales and for 1894 they were
4,434 bales.
O v e r la n d Movement

fob the

W eek

and

Since Se pt . 1.—

W e give below a statement showing the overland movement
foi thi week and since September 1, As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as m "our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending June IS
and since Sept. 1 in the last two years are as follows.
1894-95.

1 8 9 5 -9 0 .
June 19.

Week.
S hipped—
V i a S t , L o a ia , .............
V ia C a i r o . ............. .............
V ia P a r k e r C i t y . ...........
V ia E v a n s v i l l e .- »•* . . .
V ia L o a ls v lik * - ... . . . .
V ia C in c in n a ti . . . . . .
V i a o t h e r r o u t e # , «fcc.

3 ,0 0 5
1 ,5 9 7
328
!
■

T o ta l cro ss o v e r i a n — j

0<// u e t x h l p m e n Im—
Overland to N. V., Bouton, &o.
B e t w e e n in t e l l e r t o w n s ........... ..
I n l a n d , &g., f r o m S o u t h - . . . . . . .

Total t o be

d e d u c te d . . . . . . . .

L e a v in g ' t o t a l n e t o v e r la n d *

i

530|
2 ,5 2 7
304;

Since
Sept. 1.
5 1 2 .5 0 2 ;
2 4 1 ,4 5 9
1 9 .4 1 2
1 ,6 8 1 !
1 3 5 ,5 8 1
1 1 4 ,0 1 2 ;
9 1 ,9 7 7 ;

8 ,2 8 9 ; 1 , 1 4 0 ,0 2 4

_

,
Since
W eek, j Sel.L x.
2 ,8 1 5 :
1 ,0 2 9
02i
125;
967 f
1 ,0 1 7

9 2 1 ,2 1 9
3 3 2 ,8 0 1

35,202

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

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

1 ,1 9 1
72
802;

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

5 ,3 1 3
113;
116

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

2 ,0 6 8 ;

3 2 4 ,1 1 9

5 ,8 1 4

0 0 9 ,8 2 1

6 ,2 2 1

8 2 2 ,5 0 5

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

* InelucOssc iB O v e ta e n l by r a i l t o C a n a d a .
The foregoing shows that the week’s net overland movement
this year has been 0,2*21 bales, against 201 bales for the
week In 1895, and that for the season to date the aggregate net
overland exhibits a falling olf from a year ago of 314,SOO bales.
1895-90.
I n Sight am t S pinners’
ta k m g s .

Receipt* at, pert* to Jane 19..

Week.

Since
Sept. 1.

1 8 9 4 -9 5 .
Week.

Since
Sept. 1.

11,669 5,174,159 15,514 7,832,272
2 0 1 1,137,455
0.221 822,505
15,000 786,000 9,000 008,000
35.390 0.782,661 24,71515,637,727
80,948 *4,257| 11,563
•7,220

20,458
Came Into right flnrlnst week. 29,070
9,652,290
8,863,012
Total In sight Jane 19..
100:2,024,708
Nortb'n spinners taVgs to J'ne 10 6,955 1,572,128
•Decrease daring week.

It will be sc m by the above that there has come into sight
during; the week 33,670 bales, against 20,458 bales for the
same week of 1895, and that the decrease in amount m sight
to-night as compared with last year is 2,788,678 bales.

1145

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 ad­
vices from the South this evening are not so favorable.
Along the Atlantic coast and in Alabama and Eastern Missis­
sippi rain has fallen during the week, but elsewhere in the
cotton belt the weather has been dry as a rule, and rain is
needed. Deterioration of the crop as a result of cool and dry
weather is claimed in portions of Tennessee and Arkansas,
and damage by lice is reported in sections of South Carolina.
Galveston, Texas.—Dry weather has prevailed over the
greater portion of the State the past week. A general rain
would be beneficial to all crops. W e have had dry weather all
the week. The thermometer has ranged from 74 to 87, avering 80.
Palestine, Texas.—There has been no rain during the week.
Average thermometer 77, highest 96 and lowest 58.
Huntsville, Texas.—Rain has fallen on one day of the week,
the rainfall reaching thirty hundredths of an inch. The ther­
mometer has averaged 78, the highest being 99 and the low­
est 56.
Dallas, Texas.—There has been no rain all the week. The
thermometer has averaged 76, ranging from 53 to 99.
San Antonio, lex a s.—W e have had dry weather all the
week. The thermometer has ranged from 62 to 98, aver­
aging 80.
Luting, Texas.—Dry weather has prevailed all the week.
Average thermometer 79, highest 100 and lowest 48.
Houston, Texas.—No rain the past week. Average ther­
mometer 80, highest 95, lowest 66.
Columbia, Texas.—It has been dry all the week. The ther­
mometer has averaged 77, the highest being 93 and the
lowest 61.
Cuero, Texas.—W e have bad no rain during the week, The
thermometer has averaged 83, ranging from 67 to 99,
Brenham, lexa s.—There has been no rain all the week. The
thermometer has ranged from 61 to 99, averaging 80.
Temple, Texas.—It has been dry all the week. Average
thermometer 80, highest 99 and lowest 60.
Weatherford, Texas-—W e have had dry weather all the
week. The thermometer has averaged 76, the highest being
99 and the lowest 52.
Fort Worth, Texas.—Dry weather has prevailed all the
week. The thermometer has averaged 76, ranging from 53
to 99.
New Orleans, Louisiana.—W e have had rain on two days of
the week, the rainfall reaching thirty-eight hundredths of an
inch. Average thermometer 79.
Shreveport, Louisiana.—It has rained on two days of the
week, but to an inappreciable extent. The thermometer has
ranged from 59 to 96, averaging 80.
Columbus, Mississippi.—Rain has fallen on three days of
the week, to the extent of one inch and seven hundredths. The
thermometer has averaged 76, the highest being 100 and the
lowest 56,
Meridian, Mississippi.—Rain has fallen on four days of the
week. There has been too much rain, crops are grassy and
cotton is growing too much to weed. Worms are said to
have appeared in some localities. Thermometer has ranged
from 55 to 88.
Leland, Mississippi.—All crops have been damaged by
drought and com is almost ruined. We have had only on©
inch and twenty-nine hundredths of rain in nine weeks. The
thermometer has averaged 71'9, ranging from 53 to 89.
Vicksburg, Mississippi.—There has been but a trace of rain
the past week. The thermometer has ranged from 62 to 98,
averaging 78.
Little Rook, Arkansas.—There has been no rain all the week.
Average thermometer 76, highest 92, lowest 56.
Helena, Arkansas.—Cotton is claimed to be deteriorating.
It was growing very rapidly but the cool, dry weather set it
back. A ll crops need rain." It has rained on one day during
the week, the rainfall being one hundredth of an inch. The
thermometer has averaged 74, the highest being 89 and the
lowest 58.
Memohis. Tennessee.—Cool weather during the closing days
of last week and lack of rain since has depreciated the condi­
tion of cotton somewhat on uplands. The thermometer has
averaged 74‘5, ranging from 60'8 to 87‘o.
•Nashville, Tennessee.—The week’s rainfall has been sev­
enty-four hundredths of an inch. The thermometer has
ranged from 56 to 85, averaging 70.
Mobile, Alabama.—Crop prospects are excellent. Rain has
fallen here on two days of the week to the extent of eleven
hundredths of an inch, Copious rains throughout the dis­
trict. Average thermometer 76, highest 90 and lowest 64.
Montgomery, Alabama.—It has rained on three days of the
week, the rainfall being thirty-four hundredths of an inch.
W e are having rather more rain than needed, and grass is
becoming troublesome. The thermometer has averaged 74,
the highest being 86 and the lowest 62.
Selma, Alabama.—Telegram not received.
Madison, Florida.—Telegram not received.
Columbus, Georgia.—It has rained on two days of the week,
the precipitation being twenty-five hundredths of an inch.
Average thermometer 78, highest 90, lowest 65,
Savannah, Georgia.—It has rained on two days of the week,
the precipitation reaching seven hundredths of an inch. The
thermometer has averaged 78, the highest being 92 and the
lowest 64.
Augusta, Georgia.—There has been rain on two days, the
precipitation reaching twenty-nine hundredths of an inch.
The thermometer has averaged 75 and ranged from 58 to 90.

TflE CHRONICLE.

1146

Charleston, South C a rolin a . —We have had rain, on three
days of the week, the precipitation being twenty-six hun­
dredths of an inch. Average thermometer 77, highest 87 and
lowest 64.
S tateburg, South C a rolin a . —There has been rain on one day of
the week, to the extent of twenty-three hundredths of an inch.
More moisture is now needed. The thermometer has aver­
aged 75‘2, the highest being 88 and the lowest 58.
G reenw ood, South C a rolin a . —Lice are reported to be doing
damage on light sandy lands. We have had rain on two days
of the past week, to the extent of eight hundredths of an inch.
The thermometer has averaged 81, ranging from 64 to 95.
W ilson , N orth C a rolin a . —There has been rain on two days
of the week, the rainfall reaching one inch and five hun­
dredths. The thermometer has ranged from 64 to 88, aver­
aging 78.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock June 18, 1896, and June 20, 1895.
J u n e 18, ’96. J u n e 20, ’95.

New O rleans.......
M em phis.............. .........A bov e zero o f gauge.
Nashville..............
Shreveport.......... .........A bove zero o f gauge.
Vicksburg............ .........A bove zero o f gauge.
' B elow zero o f gauge.

Feet.

Feet.

11*5
17-0
4*2
*0*4
20*5

3-9
6*5
2-7
7*0
6*8

all

P orts .— The

B O M B A Y R E C E IP T S AN D SH IP M E N T S F O R F O U R Y E A R S

S hip m en ts s in c e Sept. 1.

S hipm ents thi* w e e k

G reat
Y ea r Great C onti­
BriVn. n en t. Total. B r ita in

’ 95-6
’ 94-5
’ 93-4
’ 92-3

17/000 17.000
2,000 14.000 16.000
1,000 11.000 12,000

71.000
26.000
44.000
39.000

C onti­
n en t.

692.000
428.000
714.000
747.000

R eceipts.

T ota l.

This
W eek.

S ince
Sept. 1.

763.000
454.000
758.000
786.000

20,000
34.000
35.000
37.000

2.051.000
1.424.000
1.671.000
1.645.000

According to the foregoing Bombay appears to show
a d ecrease compared with last year in the week’s receipts of
14,000 bales and an in crease in shipments of 1,000 bales, and
the shipments since Sept. 1 show an in crease of 3 '9,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
S hipm en ts sin c e Sept. 1.

Shipm ents f o r the w eek.
Great
B rita in .

Oaloutta—
1895-96...
1894- 9 5 ... 1,000
Madras—
1895- 9 6 ...
1894-95...
A ll others—
1895-96...
1,000
1894-95...

O onlinent.

Total.

M a n c h e s t e r M a r k e t .—O a report received b y cable to-night
from Manchester states that the market is firm for both
yarns and shirtings. The demand for cloth is improving.
We give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1896.

1895.

8*4 lbs. Shirt Cott’ n
32 s Cop. in g s , com m on Mid.
Twist.

Mv 15
22
“ 29
J’ ne 5
“ 12
“ 19

d.
6 » ,6
68,«
61,8
6^8
6*4
0*4

to fin est.

d.
@ 77,«
@71,.
@738
@ 738
@7*4
@7*4

s.
4
4
4
4
4
4

d. 8.
5 @6
5ha@6
5 <06
4*2®6
4
4

32s Cop.

Uplds

(1.
9
9
9
9
3*2
3*2

Tioist.

d.
d.
d.
4
5 '1 i r ® 628
4^,8 5% @ 0 7 ,«
4°3o 5 :*16® 6 ^
3>°ie 5l31K@6hi
329v0 5 i»le-@6 H2
3^16 5% @ 6 *8

G reat
B rita in .

C ontin en t.

8*4 lbs. Shirt- C otVn
in gs, com m on M id.
to fin est.
U plds

s.
4
4
4
4
4
4

d.
s
2 @0
3 @6
3 *c@6
3 * 2 <
3 @6
2 *a®6

d.
2
3
4
4
3*2
5

d.
33332
32732
3 7s
3^8
31310
3 “ 16

Se a I sla n d C otton M o vem ent . —We have received thi8
(Friday) evening by telegraph from the various ports tfce
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (June 13) and since
Sept. 1, 1895, the stocks to-night, and the same items for the
corresponding periods of 1894-95, are as follows.
1895-96.

receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 18.
I ndia Cotton M ovement F rom

[VOL. L X 11,

R eceipts to J u n e 19.

1894-95.

Stock

This
This
S ince
S ince
w eek. Sept. 1. w eek. Sept. 1. 1896.

1895.

S av an n ah .............. ..........
Charleston, & c.................
Florida, & o.......................

27

77,044
10,499
4,783

8
19

64,245
5,322
5,139

2,459
595
355

414
67

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

27

92,326

27

74,706

3,409

481

The exports for the week ending this evening reach a total
of 50 bales, of which — bales were to Great Britain, 50
to France and — to Reval, and the amount forwarded to
Northern mills has been —- bales. Below are the exports
for the week and since September 1 in 1895-96 and 1894-95.
E xp orts
fr o m —

8’ vann’h, &c
Oharl’ t’n,<feo
Florida, & o.
New Y ork ..
B oston ........
Baltimore ..

Week E n d in g J ’ n e 19. S ince Sept. 1 ,1 895 .

N orth’n Milts.

G reat F r ’nce
Great F r ’ nce
Total. B riV n.
Total.
B riV n.
<£c.
dtc.

Since
Week. Sept. 1.

11,648
2,961

2,376 14,024
64 3,025

' " 6 b 16,043

7,779
3,717

4,739 20,832
7,779
3,730
'" l 3

34,622
1,682
3,608

50 42,148

7,242 49,390

39,912

........ 34,992 5,650 40,642

127 34,869

------

’" 5 0

T o ta l........

.........

50

Total 1894-5

........

........

Total.

. .....

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
10,000
9,000
19.000 the week in which it leaves the Southern outports, we follow
6.000
10.000
16.000
the same plan as in our regular table of including it when
4.000
5.000
18,000
80,000
98.000 actually exported from New York, &e. The details of the
1.000
1.000
18,000
74,000
92.000 shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Total all—
1.000
Quotations June 19 at Savannah, for Floridas. common,
1895-96...
7.000
8,000
39.000
197.000
158.000
1894-95...
1,000
2.000
3,000
31.000
138.000 lOjSjC.; medium fine, 13c.; choice, 16c.—all nominal.
107.000
Charleston, Carolinas, medium fine, 20c.; fine, 22@23c.;
The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales m ore than the same fully fine, 25c.; extra fine, 26@37c.
week last year. For the whole of India, therefore, the total
F a l l R iv e r M il l D ivid en d s ,—In our editorial columns
shipments since September 1, 1895, and for the corresponding
to-day will be found an article showing the dividend record
periods of the two previous years, are as follows.
of the Fall River mills during the second quarter and first
E X P O R T S T O E U R O P E P R O M A L L INDIA,
half of 1896.
1895-96.
1894-95.
1893-94.
S hipm ents
to a ll E urop e
fro m —

B o m b a y .........
A lloth er ports
Total

3.000
1.000

3.000
2.000

11,000
7.000

69.000
23.000

80,000
30.000

This
week.

Since
Sept. 1.

This
week.

S ince
Sept. 1.

This
week.

Since
Sept. 1.

17,000
8,000

763.000
197.000

16.000
3,000

454.000
138.000

10,000

758.000
218.000

25,000

960,000

19,000

592,000

10,000

976,000

A l e x a n d r ia R eceipts a n d S hipments . — Through arrange­
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexaniria, we now receive a weekly cable of
the novements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for tlie past week and for the
corresponding week of the previous two years.
A le x a n d r ia , E gypt,
J u n e 17.

Receipts (oantars*)___
This week............ ......
Since Sept. 1..............

1895-96.

1894-95.

1893-94.

1,000
5,204,000

4,536,000

6,000
4,963.000

This
Since I This
week. Sept. 1. week.

Since
Sept. 1.

This
S in ce
week. Sept. 1.

2,000 328.000,
3,000 316.000

1,000 267.000
4,000 330.000

2,000 ‘299.000
3,000 279,000

...1 5,000 644.000;

5,000 397,000

5,000 578,00 0

Exports (bales)—
To Liverpool
.......
To C ontiueatl___. . .
Total Europe

* A oantar is 93 pounds.

b l i ^ ^ t t l T g ^ b i e r - 98,55’375 bale9: ia lS54-95’ 42'398

This statement shows that the receipts for the week endin g
r aL . 7 ere l ’"03 caatar3 and the shipments to all Europe
5,000 bales.
y

N e w Y ork C otton E x c h a n g e Committees —The various
committees of the New York Cotton Exchange for the en­
suing year were announced on Monday, June 15. as follows:
E xecu tive—William V. K ing, R obert H. R em ittee, R obert P. MeD oueall, William J. H oobstaeter. John L. Bullard.
F ioanee—Walter C. Hubbard, Theodore P. Ralll, Louis G. Schiller,
W alter r. Miller. ex-nffloio.
Supervisory—William Ray. Clayton E. Rich. R obert H. Rountree.
B y Laws and Rules - Issac B.Froeligb, J. T em p leG w aih irey, Edward
E. Moore, Gustavus C. Hopkins, ex officio; Thomas M. Robinson, exofficio.
Legislation—Gustavus C Hopkins, William Ray, John C. Latham.
T rade—John L. t ullard. Chairman; iohn R.Tolar, L on i<de Gumoens,
Robert M oore. B. R. R 'ord oo, J. 1). Cumin ug. George E. Jones.
A djudication—M. B. Fielding, Solomon Ranger, James Swan, Em an­
uel Lehman, D. G. W a'ts.
Board o f A npeals—Reinhard Siedenhurg, James O. Bioss, Charles W.
Ide, H enry Heutz, Siegfried Gruuer. Mayer Lehman, B. S. Clark.
M embership—Thomas M. R tb in so -. Chairman; P. A. Faokici, S. A.
Fatrnao, George N. Bally, Charles W. Ide.
A rbi'ration —Samuel Hopkins. M. J. Parrott. A. N. Selter, H. M. Le
Count. G eorge E. M oore, M. H. Lehman. W jld tm Tubbs.
Warehouse and D elivery—Sigmund M Lehman. Chfirm an; William
F. Sorry. K . Meissner. G eo-ge Brennecke. Albert L R ountree, Abram
A llen. Jr., -eeretary; Gustavus C. Hopkins, ex offioio
Inform ation and Statist i c s — Isaac B. Froeligh, William Mohr, Theo­
dore Eastmau, L Mandelbaum, Thomas W. Foote.
Clacsifioa1ion—Abram Alien Jr., J. A. Boylan, Benjam in Mnnn,
James F. WenmaD, Thom as A. Perkins.
Revision o f Spot Q uotations—Theodore P. Ral'i, Chairman; 8. J.
H arding, Secretary; William F. Sorey. H erry Schaefer. Charles D.
M iller. S. M. Lehmau, Henry Brennecke, Charles W ide. James Swann.
Quotations o f Print Cloths—H enry C. Perkins, M. T. Maine, James
A. Bioss.
Appeal on Print Cloths—Charles H. Pope, Chas. F. Laighton, Thomas
H . Brady, R obert P. M cDougall. Thomas M. R bioson.
Clearings - H enry Schaefer, Reinhard Siedenhurg, Gustavus C. Hop
kins.

THE CHRONICLE.

JUNE ’JO. 18US.J

E uropean* Cotton C onsumption to J une 1.—We have
received to-day (Friday), by cable Mr. Ellison’s cotton figures
brought down to June 1. ' We have also received the revised
to ta ls f o r last year and give them for comparison.
The
spinners’ takings in a ctu a l bales and pounds have been as
follows:
Great B rita in .

Oetober 1 lo J u n e 1.

C ontinent.

Total.

F o r 1 8 9 5 -9 6 .
5 ,3 0 4 ,0 0 0
2 ,3 6 7 ,0 0 0
2 ,9 3 7 ,0 0 0
Takings by spinners.. .bales
A verage weight of bales.lbs
499
478
487-4
Takings In pounds................. 1 ,1 8 1,23 3 ,0 0 0 1 ,4 0 3 ,9 3 0 ,0 0 0 2 ,5 8 5 ,2 1 9 ,0 0 0
F o r 1 8 9 4 -9 5 .
5 ,6 3 2 ,0 0 0
Takings hy sp in n ers... bale*
2 ,4 3 3 ,0 0 0
3 ,2 3 9 ,0 0 0
Average weight o f balee-lbs.
504
492-2
483
Takings In pounds................. 1 .2 2 6 ,5 4 9 ,0 0 0 1 ,5 6 4 ,2 9 5 .0 0 0 2 ,7 9 0 ,8 4 4 ,0 0 0
A c c o r d in g to th e a b o v e , th e a v e r a g e w e ig h t o f th e d e liv e r ie s
in G re a t B rita in is 499 p o u n d s p e r b a le th is se a so n , against
504 p o u n d s d u r in g th e s a m e tim e last s e a so n . T h e C o n tin e n t a l
d e liv e r ie s a v e r a g e 473 p o u n d s a g a in st 433 p o u n d s la st y e a r ,
a n d f o r th e w h o l e o f E u ro p e th e d e liv e r ie s a v e r a g e 487•!
p o u n d s p e r b a le a g a in s t 492-3 p o u n d s la st s e a so n .
Our
d is p a tc h a lso g iv e s th e f u l l m o v e m e n t f o r th is y e a r a n d la s t
y e a r in b a les o f 400 p o u n d s .
Oct. 1 to June 1.
Bates o f 400 lbs. each.
OOOs omitted.

1895-96.
Total.

Conti­
nent.

609
3,510.

675,
6.463

16.
3,066

348
364
3,911. 9,977,

4,119,
3,500.

7,138,
6,352

3,082.
2,803.

4,259
3,413

7,311.
6 .221,

619,

786

274

846

1,120,

81.0
81,0
91,0
81,0
81,0
81,0
78,0
78.0

95,0
95,0
95,0
99.0
99,-i
99,o
99,0

176,0
17C 0
176,0
180.0
180.0
180.0
177.0
177.0

C on ti­

Spinner*- stock Oct. 166,
Taking* to Jane 1___ 2,953.
Supply.......................... 3.019,
Oonaatupt'g.35 week* 2,852.
Spinner*’ stock J'ne 1
Weekly Consumption
OOs omitted.
m O ctober...........—
fn Novem ber..........
In D ecem b er...........
In J a n u a ry ..............
In February ............
In March . . . » ........ .
In A p ril.....................
In M ay.....................

nent.

167.

93.0
82,0
82,0
92,0
82,0

32,0
80,0
90.0

1894-95.
Great
Britain

Great
Britain

100,0
100,0
100,0
100,0
100,0

182,0
182.0
182,0
182,0
182.0
182,0
180,0

1 0 0 .0

1 8 0 .0

io o ,o
100 0

9 9 .0

Total

T h e fo r e g o in g s h o w s t h t t th e weekly c o n s u m p t io n is n o w
180,009 b a le s o f 400 p o u n d s e a c h , a g a in st 177,0JJ bales of lik e
w e ig h ts a t th e c o r r e s p o n d in g t im e last y e a r.
T h e toUl
sp in n e r s ' s to c k s in O r^ a t B rita in a n d o n th e O in t m e n t h a v e
d e c re a se d 83.000 b a le s d u r in g th e m o n th a n d a re n o w
334,000 b a le s less th a n a t th e s u n s d a te la st y e a r.
J

ute

May.
1896.

1895.

Oct. 1 to May 31.
1894.

1895-96. 1894-95.

1393-94.

Bast Indies ............................ 182.315 163,720 186,855 1,401,004 1,547,057 1,751,394
Turkey, Egypt and Africa... 46,973 68.462 63,968 428.102 563,099 497,731
China and Japan.................... 45.217 46,192 49,344 475.938 317.904 336,871
Europe (except T urkey)....... 19.284 22 728 21.074 200.257 182,324 206,943
South Am erica....................... 47,731 49,083 39.688 440.076 393.542 305,828
North America ...................... 17,901 23.949 19,220 295,8t8 220,057 180,970
All other countries................ 29,615 25.359 27.806 243,014 225,787 218,694
T otal yards........................ 389.016 399.493 407.955 3,394,799 3,449.770 3,498,431
T otal value........................ £3,790 £3,587 £3,889 £33,003 £31,309 £34,290
Yarns—Lbs.
(000« omitted.)
H olland....................................
Germany..................................
Oth. Europe (except Turkey)
Bast Indies...............................
China and Japan.....................
Turkey and E gypt.................
All other countries.................
Total lbs.............................
Total va lu e.......................

3,763
2,890
3,430
2,655
2,034
2,498
1,014

22,313
31,604
32,777
32,652
2 i .512
12,608
10,737

24,270
32,124
36,620
34.217
17,552
18,363
11,841

30,048
19,754
26,412
28,180
16,828
18,719
7,622

19,938! 23.002 18,281
£811
£748
£792

164,201
£6.582

174.907
£6.309

150.823
£6,307

2,739
3,750
3,248
4.024
2,407
1,721
1,245

3,181
4,*0l
5,025
3,517
2,509
2,602
1.307

Standard B ale of C otton — A ction of Memphis C otton
E x c h a n g e —At a general meeting of the Mfmpbis Cotton

ExcbaDge, held recently, the report of a committee appointed
to devise ways and means for the adoption of a standard bale
of cotton was submitted and unanimously adopted. The re­
port in part was as follows:
A fte r th e m o s t ea rre sr. ca refu l an d th orou gh co n sid e ra tio n , y o u r
co m m itte e reoom m en d s that th e M em phis C otton E x ch a n g e in d o rse
th e a d o p tio n o f a standard hale 28 inch es wide, hy 54 in ch e s in le n g th ,
this r e f otnm endatinn b e in g based ch iefly on the fo llo w in g reasons:
1. I t has heen d em on stra ted fa ir ly sa tisfa cto rily th a t th e re are
m ore press >• * e s now -in use 28 b y M than a n y o th e r size, so that
fe w e r ch a n ges w o u ld b e re q u ire d than w o u ld b e th e ca se h y th e a d o p ­
t io n o f a d ifferen t standard.
2. 11 e x t In n u m b er to b o x e s 28 b y 54 are th ose 27 b y 54, t o ohange
w h ich la tte r to the stand ard re co m m e n d e d w o u ld in v o lv e hu t v e r y lit­
tle e x p e n se , w h ich w ou ld he reg a rd ed m ore fa v o ra b ly b y gin ow n ers
than a ch an ge re q u iiin g g re a te r e x p e n d itu re .
3. M any press b o x m an u fa ctu rers and plan ters a ssert that th e sam e
r u m b er o f b ales 58 in ch e s lo n g c a n n o t b o lo a d e d in the w a g o n s in
general use b y p lan ters, aud even hy lo a d in g a less n u m b er
tlie co tto n w ou ld co m e In co n ta ct with th e w h eels, th e re b y ca u s­
in g it to b e c o m e d a m a g ed; also m ak in g th e h a u lin g m o re diftionlt. It
fo llo w s that to req u est that hales b e m ade 5 k inch es lo n g ca rries w ith
It o n e th a t the p lan ters ch a n g e th e size o f their w a g on s o r p urohase
n ew on es, w h ich o e n a in ly w o u ld m eet w ith stro n g o p p o s itio n fro m
them .
It is un d erstood b y y o u r co m m itte e th a t the a d o p tio n o f a standard
hale o f re a so n a b le d im en sion s Is th e o b je c t in v ie w , an d that the diffi­
cu ltie s h e r e to fo re e x p e r ie n ce d In h a n d lin g hales o f irre g u la r sizes an d
(drapes w ill he o v e r c o m e ; also that all th e b enefits th a t w o u ld b e d e ­
riv ed ttv th e a d op tion o f th e 28-by-5S b ale w ill be fu lly re a lize d if th e
sta n d a rd Is m ad e 28 b y 5 4, and w ith m uoh less e x p e n d itu r e o f tim e,
la bor an d m on ey b y all interests con ce rn e d .

1894-95

Lb*.
Lb*.
85.291 01,444
8*,fl07 81,808
79,010 81,806

Lb*.
110.100
104,431
98.900

Lb*.
115,517
107.330
102.949

Total ...................................................... ..................- .................. 34,240
T h e p a r tic u la r s o f th e s e s h ip m e n t s , a r r a n g e d in o u r u s u a l
fo r m , a re as fo llo w s .

08,035 03,291 UT71.95J 1.307353 244.974 257,505

313.609

325,700

100,82?
109.538
108.939

114 042
98,770
104.340

c.—

D u r in g th e p a st w e e k th er^

v e ry g o o d d e m a n d f o r ju t e b a g g in g f r o m tb e

S o u th , re su ltin g in

h ig h e r p r ice s, v iz ., 4 3gC. f o r l % lb s., 5 c .

f o r 2 lb s. a n d 5 l£ c . f o r s ta n d a r d g ra d e s in a jo b b i n g
C a r -lo a d lo ts o f sta n d a rd

w ay.

b ra n d s a re q u o t e d a t 4?gC. f o r

lb s .. 5 c. f o r 3 lb s. a n d 3J^ c. f o r 2J* lb s ., f . o . b . at N e w Y o r k .

J u te b u tts c o n t in u e q u ie t o n

th e s p o t a t 1 l - 1 8 c .@ l } .j c . f o r

p a p e r q u a lit y a n d l j ^ c . f o r m i x in g .
E x p o r t s o r C o t t o n G o o d s p r o m G r e a t B r i t a i n . — B e lo w
w e g iv e th e e x p o r t s o f c o t t o n y a r n , g o o d s , & c .. f r o m G r e a t
B r ita in f o r th e m o n th o f M a y a n d s in c e O c t o b e r 1 in
1393-98 a n d 1391-95, as c o m p ile d b y us f r o m th e B ritis h B o a rd
Of T r a d e re tu rn s. I t w ill b e n o t ic e d th a t w e h a v e r e d u c e d
th e m o v e m e n t a ll t o p o u n d s .
___________
Cloth.

Ydrn&Thrvui

lota l Of All.

00" * omit ltd.
isos-we 18&4 05 1995-94
Lb*.
u*.
24.878 34,073
O etooor.. . . .
N ovem ber... 28.7*4 24.934
Decern r>vr . 19,303 2tJ**4
ianaary —
February ■
M arch .........

2*39* 25.052
21.441 21JSW7
W.WC 84/HO

T ot. 3d qaar.

Yd*.
442JH7
419,837
410,289
437,480
453.009
441.944

Yd*.
486.M9;
440,142
433.942

405.104 ' 84.131 89.59'
400.097! 87,117 77,173
415,025' 84.990 80.000

88,000 7I.4HW 1.332.433 1.280.986" 250.23* 240.763

324,304

318.252

Total 6 b o i . i m jm 199,7* i,004,380 2,048,2391501,212 604.288

6373 U

644.048

402.038! 77,282 77.431
399.493 74.811 78.941

100,09596,507

101,473
102.077

746
10.706

783
16,270

852.690

803,051

Mar ......

Piece Goods—Yards.
(0008 omitted.)

1904-95 1995-93 1894-05 1885-06

B u t t s , B a o o in o , A

April............

P IE C E G OODS AN D Y4.RN S T O P R IN C IP A L CO U N T R IE S IN
M A T , AN D P R O M O C T O B E R 1 TO M A Y 3 1 .

S h i p p i n g N e w s .— T h e e x p o r t s o f c o t t o n f r o m t h e U n it e d
S ta te s t h e p a s t w e e k , a s p e r l a t e s t m a i l r e tu r n s , h a v e r e a c h e d
34,340 b a les. S o fa r as t h e S o u th e r n p o r t s a r e c o n c e r n e d th e se
are th e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
th e C h r o n i c l e la st F r id a y . W it h r e g a r d t o N e w Y o r k w e
I n c lu d e t h e m a n ife s ts o f a ll v essels c le a r e d u p t o T h u rsd a y .
Total ba les .
N ew Y o r k —T o Liverpool, per steamers Georgic, 5,849.............. 5,849
To Hull, per steamer Buffalo, 2,485 ......................................... 2,485
To Newcastle, per steamer Dalmatia, 443................................
443
To Havre, per steamer La Touralne, 347 upland and 50 Sea
rslan<1...................... .................................................
397
To Bremen, per steamer Aachen, 2,899...................................
2,899
To Hamburg, per steamer 8oandia. 1L8...................................
118
To Antwerp, per steamer British King, 4 3 ...............................
43
To Genoa, per steamer Italia, 1,282.......................................... 1,282
To Naples, per steamer Italia, 157.............................................
157
N ew O rleans —T o Liverpool, per steamer Louisianian, 3 ,1 8 5 .. 3,185
To Bremen, per steamer Aldgate, 2,425...................................
2,425
To Hamburg, ner steamer Aldgate, 1 ,I C 0 ................... .
1,100
To Genoa, per steamer Estria, 2.603................... - ..................... 2,603
To Trieste, per steamer Istria, 7 5 0 . . . . . . . .......... . . . . . . . . . . . . .
750
To Venice, per steamer Istria. 4 0 0 .............................................
400
P ensacola —To Liverpool, per steamer West Indian, 1,170....... 1,170
S avannah —To Barcelona, per steamer Ardle, 2,546.................... 2,546
Charleston —To Barcelona, per bark Josef a Formosa, 1 ,4 9 9 ... 1,499
•joston —To Liverpool, per steamers Cestrlan, 2 ,2 0 5 ....Gallia,
30 . . Philadelphian. 3 5 ............................................................. 2,276
B a lt im o r e - T o Liverpool, per steamer Ulstermore, 305 Sea
Island.............................................................................................
305
To Bremen, per steamer Wiliehad, 2,255 — .......................... 2,255
Ph ila d e l p h ia —To Liverpool, per steamer Pennland, 5 3 .........
53

h as b e e n a

ToL U t qaar

EXPORTS OP

1 147

23,40V 24,042
21.75* 25.13

401.3117
389.010

Boodrr artlcW
Total exports o f oottnn m anofactares..................................

The foregoing shows that there has been exported from the
United Kingdom during the eight months 832,590.000 lbs.
of ra mufactured cotton, tgainst 383,851,0 >'>, lbs. last year, or
a decrease of 11,081,000 lbs.
A further matter of iuterest is the destination of these
exports, and we have therefore prepared the following
statement*, showing the amounts taken by the principal
c o u n t r i e s daring May and since October 1 in each of the
la s t th r e e years:

L iverp ool,

H ull (6
B rem en
New<&Hamcastle. H avre, burg.

Spain,
A nt- Italy,
w erp.
<&c.

Total.

New Y ork .............. 5,819 2,928
397 3.017
43 1,439 13,673
N. Orleans. ..........
3,195 ...................... 3,525 ......... 3,753 10,463
Pensacola. . . . . . . .
1,170
1,170
SavannaU......................................
....... . ....... . . . . . . . 2,546
2,546
Charleston................................................................................. 1,499
1,499
Boston....................
2,276
2,276
Baltimore........... ..
305 ...................... 2,255 ......................
2,560
Philadel’a.............
53
53
T o ta l................... 12,838 2,928
397 8,797
43 9,237 34,240
B e lo w w e a d d th e c le a r a n c e s t h is w e e k o f v essels c a r r y in g
c o t t o n fr o m U n ite d S ta te s p o r ts , b r in g in g o u r d a ta d o w n t o
th e la te s t d a t e s :
G a l v e s t o n —To L iv e r p o o l—Ju n e 1 2 —Steam er R ita, 6,019.
Ne w O r l e a n s —T o L iv e rp o o l -J u n e 17 -S tea m er N icaraguan, 3 , 1 4 9 . ...
J u n o 18 -S te a m e r B ir b a lia n , 2,827.
l'o B re m e n —J u n e 19—Steam er E thalaida. 1,186.
T o H a m b u rg—Ju n e 1 8 —S team er Ethelaida, 150
T o A n tw e rp —June 12 -S tea m er C ayo M on o. 186.
Bo sto n —To L iv e rp o o l—J u n e 1 2 -S t e a m e r P a vo n ia , 5 1 . ...J u n o 15
Steam er 8ag a m ore. 291 ..J u n e 16 —S team er A rm enian, 316.
B a l t im o r e — To L iv e rp o o l—June 16—Steam er re m olem ore, 50.
To R o tte rd a m —June 12—S te n n e r D u rango, 1,354.

C o tto n

freights the past week have been as follows.

1148

THE CHRONICLE.
B atur.

M on,

Tues.

5e4
....
251

“at

Idverpool.......... d.
SS2
....
Do
........... d
251
Havre, asked . . c
....
D unkirk............ c
B rem en.............. .e 18®19l
....
Do ..............
22t
H am bu rg........... .c
....
Do
........... .c.
25t
Ams’dam, asked -C.
341
Reval, v. Hainb .c.
34t
D o v. Hull.. d.
....
B arcelona.......... a .
261
Genoa, July — c
Trieste, Ju n e... d. 96l'®532
®S2
A.ntwerp............ a.
Ghent, v. A ntw ’p.d
%
t Oenta net p er 100 lbs.

W ednes , T h u rt.

25t

6et
....
25t

581
....
25t

....

....

....

....

181
....
22t

181
....
221
....
251
34t
34t
....
26t
9ai
332
%

181

181
....
22i
....
25t
34f
341
....
261
»et
3 2
%

....

....
251
34t
341
....
26t
9^4
^32
%

221
....
251
34t
341
....
261
90(
s32
%

F ri.

5<U
....
25t
....
181
....
221
....
25t
34»
341
....
261
9a4
332
%

L i v e r p o o l . —By oable from Liverpool we havj the following
statement of the week’s sales, stocks. &c., at that port.
June 5

M a y 27

J u n e 12

63.000
24.000
Bales o f t i e w eek.___...b a le s
200
2,000
Of w hich exporters t o o k ...
700
O f whioh speculators took .
22.000
59.000
Bales A m e r io a n .............. .
2,000
17.000
A ctu al e x p o rt.................. . . . . .
28,000
65.000
Forw arded_______________—
T otal stook—E stim ated______ _ 1,080,000 1,026,000
Of w i l o i Amerioan—E stim ’d 917,000 870,000
34.000
28.000
Total im port o f t i e w eek— ..
31.000
20,000
Of w i i e i A m erioan. . . . . . .
52,0C0
57.000
Amount afloat..........................
35.000
35.000
O f w i i o i A m erioan............

80,000
3.000
800
72.000
3.000
71.000
976.000
821.000
24.000
17.000
56.000
35.000

J u n e 19

61,000
1,800
500
57.000
3,000
64.000
947.000
788.000
38.000
26.000
45.000
30.000

[V ol, LXII,

D A I L Y CLO SIN G P R IC E S O P NO . Z S I D

Juno delivery.
July delivery..
D ecem ber delivery..

...0.
...C.

W IN T E R W H E A T .

Sat.

M on.

Tues.

Wed.

Thurs.

63%
63%
62 78
63
64%

63«8
63%
63
6314
65

63%
63%
63*8
63 78
65%

64%
64%
64%
65
66%

63%
63%
63%
63%
6534

F r i.

64
64
64%
64%
66

The market for Indian corn futures has been quiet and
changes in prices have been fractional. Early in the week
there was a slight decline, under a liberal crop movement,
but later there was an improvement in sympathy with the
advance in wheat. Yesterday, however, under free offerings,
most of the improvement was lost. In the spot market only
a limited amount of business has been transacted, and prices
have followed futures. The sales yesterday included No. 2
mixed at 35%c. f. o. b. afloat. To-day the market was
quiet, but closed slightly higher in sympathy with the im­
provement in wheat. The spot market was firmer but quiet.
The sales included No. 2 mixed at 341^c. inelevator;low mixed
at 33%e. iu eleva'or, and No. 2 yellow at 37o., f . o. b. afloat.
D A I L Y C L O SIN G P R IC E S O P N O . Z M IX E D CO RN .

I f 071.
333g
33%
343a
35
35%

Sat

June d e liv e r y .........
July d elivery............
August d elivery___
September delivery.
Ootober delivery......

3338
33%
34%
34%

__ 0 .
__ 0 . —

Tues.

Wed.

Thu rs.

33%
343s
35
35%
35%

34%
34%

33%
31%

34
343s

35%
36%

35%
35%

35%
36

Oats for future delivery have been dull and prices have
fluctuated within the narrowest limits in the absence of inter­
esting developments. In the spot market shippers were fairly
large buyers during the first half of the week but Wednesday
and yesterday only a limited amount of business was trans­
acted ; prices have ruled steady and yesterday the sales in­
cluded No. 2 mixed at 22@22i^c. in elevator and 24c. f.o.b,
afloat ; No. 2 white at 25%c. delivered and white clipped at
25^@26c. f.o.b. afloat. To-day the market was dull. The
The tone of the Liverpool market for spots and futures each spot market was quiet but steady. The sales included No. 2
day of the-week ending June 19 and the daily closing prices mixed at 23%@24c. f.o.b. afloat ; No. 2 white at 24}£c. in ele­
of spot cotton, have been as follows.
vator and wnite clipped at 25%@26c. f.o.b. afloat.
Spot.

Market, ?
1:45 p . m . j

S aturday M onday. T uesday. Wed’day, Thursday.

Quiet.

Firm.

M‘ d.TJpl’ds.

32032

3 1518

S ales...........
Spec. & exp.

8,000
500

12,000
1,000

Harden’g.
4
8,000
500

Easier.

Firm.

Easier.

33I32

33132

315ia

10,000
1,000

10,000
1,000

10,000
500

F u tu res.

Bare' v
steady.

Very
steady.

Steady.

Barely
steady.

Quiet and Quiet and
steady.
steady.

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.
Sat u r .

J u n e 13 to
J u n e 19. 2 15

M on.

T u es.

W ed.

T ltn r s .

F ri.

4 12*2 1 2 15 4 2 15 4 2 15 4 2 15 4
P M. P M P M. P M. P M. P M. P M. P M. P M. P M. P M. P M.

Ju ne............
Ju u e-J u ly..
Ju ly-A u g ...
Aug.-Sept...
Sept.-O ct...
O ot.-N ov ...
N ov .-D eo...
Deo.-Jan
Jan-.Feb .. .
Feb-March„
Mch.-April..
April-May,

i.

3 53
3 52
3 52
3 50
3 44
3 39
3 38
3 38
3 39
3 38
3 41

d.

3
3
3
3
3
3
3
3
3
3
3

52
51
50
48
42
38
37
37
37
38
39

d.

d.

3 56
3 56
3 55
3 53
3 45
3 41
3 40
3 40
3 40
3 41
3 42

3 57
3 57
3 56
3 54
3 46
3 42
3 41
3 41
3 41
3 42
3 44

d.

3 59
3 59
3 58
3 56
3 48
3 44
3 43
3 43
3 43
3 44
3 46

a.

3
3
3
3
3
3
3
3
3
3
3

59
58
58
56
48
44
43
43
43
44
46

4.
3 55
3 55
3 54
3 52
3 46
3 42
3 41
3 41
3 41
3 42
3 44

3
3
3
3
3
3
3
3
3
3
3

d.

54
54
53
51
45
41
40
40
40
41
42

d.

3
3
3
3
3
3
3
3
3
3
3

55
55
53
46
43
42
42
42
43
44

B R E A D S T U F F S .

d.

3
3
3
3
3
3
3
3
3
3
3

55
55
54
52
45
42
41
41
41
42
44

Sat.

Mon.

Tues.

Wed.

Thun.

June d elivery ........... . . . . . a 22
July d elivery ............... ..o . 22%

22
22%

22%
22%

22%
22%

22
22%

F ri.

The following are the closing quotations :

at Steady at Steady at Steady at
Steady at
Market, ? Steady
1-64 ad­ 1-64 1® 2 04 2-04 <©3-64 2-64 (9 3-04 Irregular. 1-64 ® 2-04
1:45 P. m . J vance.
advanoe. advance. decline.
decline.
Market, \
4 P.M. 5

D A IL Y C L O SIN G P R IO R S O P N O . Z M IX E D O A T S.

F rid a y.

d.

3 54
3 53
3 53
3 50
3 44
3 41
3 40
3 41
3 40
3 42
3 43

1.

3
3
3
3
3
3
3
3
3
3
3

53
53
50
44
41
40
40
40
41
43

FLOU R.

Pine..................*1 bbl. $ 1 60® 2 00 Patent, w inter...........$3 50®S 3 85
4 00
Superfine.........- .......... 1 70® 2 20 City m ills e x tra s.......
Extra, N o . 2 ............... 2 20® 2 40 R ye floor, superfine.. 2 45 ® 2 90
E xtra,N o. 1 ............... 2 50® 2 85 Buckw heat f lo u r .....
___
d e a r s . . . ...................... 2 55® 3 25 C om m eal—
W estern, &o.......... . 2 00® 2 10
Straights.................... 3 30® 3 50
B randyw ine............
2 15
Patent, sprin g.......... 3 50® 3 95
[W heat flour in sacks sells at prioes b elow those fo r harrels.]
GRAIN .

0.
64 ©
70% a
65 ©
©
Oats—M ixed, p er bn. 20% ®
22 ©
22 ©
24% 9
So.
W h e a t-

Spring, per b n sh ..
Red winter No. 2 ..

0.
69
73
73

....

24
27%
23
25%

Corn, p er bush—
0.
0
W est’n m ix e d ...... 32% ® 36
No. 2 m ixed ........... 34 © 35%
W estern y e llo w ... 34 © 36%
W estern W hite___ 35 © 37
R ye—
Western, p er bush. 39 © 41
State and J e r se y .. 41 © 42
B arley—W estern___ 39 © 42
Feeding................... 34 © 36

The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending June 13, 1896,
and since August 1, for each of the last three years:
Receipts at—

Flour.

Wheat.

Corn.

Oati.

Bariev■

Bvt.

flu.66 Ibr.
360,079
13,780
141,680
25,000
44.300
163,403

B b U .im b s Bush.QO lbs Bush.SQ lbs Bush.32 Ibh BushA8 lb

Chicago......
Milwaukee..
Duluth.......
Minneapolis.
Detroit.......
Cleveland...
3t. Louis......
Peoria.........
Kansas City.

42,153
44,400
89,725
3,047
1,033
0,800
904
28.700
5,400

75,068
149,790
1.106,634
834,070
10,100
60,721
71,529
07,515
12.000
21,550

1,492,817
102,050
775
48,630
50,200
44,533
8,221
210,495
275,400
1,000

2,337,362
403,000
180,821
224,820
3,000
38,657
27,709
311,810
429.300
0,000

200
2,100

Friday , June 19, 1896.
2,250
794
Early in the week there was a quiet trade for wheat fliur;
1,200
5,000
subsequently, however, an advance in wheat values on less
favorable crop prospects stimulated a demand both from the
home trade and shippers, and a very fair business was trans­ Tot.wk.’90. 222,272 2,465,577 2,239.971 3 967,539 675,112 85,840
Same wk,’95.
212,932 1,477,043 1,133,138 2,126,921
102,193
36,105
acted at full quoted values. City mills have sold fairly at Same
wk,’94.
340,302 1,531,810 1,740,390 1,719,477
43,984
61,700
steady prices. For rye flour there has been a quiet market, Since Aug.
1.
but piiees are unchanged and steady. The demand for corn- 1895-90 .... 9.696,403 187,941,599 107,908,391
37,893,283 3,772,316
meal has been very moderate, but no changes have been 1894-95 .... 10,944,876 188,137.590 74,627.833 133,391.307
88,074,614 31,044,612 2,529,174
made in quoted values. To-day the market for wheat flour 1893-94 .... 12,319.0^9 142,962.309 140.815.694 110,703,855 28,275,338 3,296,087
was dull and easy.
i tie receipts oi fiour au l gram at tue seaDoard ports for th e
Immediately following our last there was a decline in the week ended June 13, 1896, follow:
market for wheat values under liquidating sales by “longs,”
Flour,
Uom
R ye,
Wheat,
Oats,
Bariev
Receipts at bbls.
bush.
bash.
bu sh .
bash.
bash.
prompted by favorable crop advices from the Westand tame for- New
York........ . . 9 5 . 1 1 3
0 7 0 .9 0 0
1 0 3 .3 0 0
4 1 1 ,4 7 5
1 , 4 8 9 .8 0 0
®’Kn advices. Subsequently there was a gradual recovery and
1 1 0 ,0 1 8
2 ( 4 .5 1 L
1 1 6 ,0 8 1
ia a o
1 8 7 .6 7 1
1 1 9 .1 3 0
1 0 2 .8 5 5
Wednesday prices advanced sharply on a brisk demand from Montreal........
1 * 2 8 ,2 0 4
1 0 3 .1 5 0
Philadelphia..
4 5 .L 3 9
‘ shorts” to cover contracts stimulated by less favorable crop
3 9 ,6 9 1
9 ,3 2 2
0 4 ,8 7 4
1 3 8 ,0 8 5
2 9 .0 0 2
7 , 14 (
3 0 ,3 5 8
accounts from the West and also reports of unfavorable crop Richmond......
New Orleans ,
1 0 1 ,1 8 3
1 3 9 ,9 3 3
4 5 ,7 4 5
prospects in France. Yesterday, however, all of the previous
Total week........ . 2 8 6 . 3 0 2 1 , 2 0 7 , 2 8 5 1 , 0 4 8 , 1 4 5 2 . 0 7 9 . 8 4 1
1 0 3 ,3 )0
1 0 .4 S 2
day s advaDC* was lost under free selling to realize induced Week
1895 ............ 293,465 310,4*31 i.098,854 '832.0j4
' 500
11,020
by improved crop accounts from abroad. In the spot
The total receipts at ports named in last table from Jan. 1
market business has been quiet. The sales yesterday included
June 13 compare as follow, for four years:
No. 1 New York Northern for delivery July 8th. at 66c. f. o. b. toReceipts
of1890.
1895.
1893.
1894.
afloat. To-day the market was easier during early ’Change
..bbls. 5,920.975
7,28 4,250
3,204,417
8,163,904
under weaker European advices accompanied by selling
.bush, 18,495,008
14,607,759
12,601,983
2S.807.872
orders; subsequently Western manipulation caused an ad­ Corn ..
“ 37,178.511
30,002,854
16,929,881
•22,408,188
Oats .
.
"
25,184,314
16,524,563
10.003.735
19,650,708
vance. The spot market was dull; no transactions of impor“
3,927.491
1,503,334
1,772,024
2,586,162
Rye...............
.
"
984.284
179.930
111,972
003,103
tance were reported. No. 2 red winter was quoted nominally at
l-ic .f . o, b. afloat and No. 1 hard spring at 68%c. f.o. b. afloat.
Total grain ......... 85,769,010
49.745.493
60,552,576
74,176,093

THE CHRONICLE,

JUNE 20 , 1896,]

The exports from the several seaboard ports for the week
ending June 13, 1896, are shown in the annexed statement:
Com ,
bush.

Wheat,

Mhsp&rt* from—

New Tor it......... - .. 517.6 '9
,.
Philadelphia ..... .. 222,670
Baltimore.... ..... .. 156.U31
Norfolk .....____
Newport News---Maatre&L.,. ......

2)1,6*70

Flour
hhfr

Pecs.
bush .

■®v«>
hnsh29,078

80.5,9-47
73,7 37

7.273
30,300

471
40,005
11,250

25,053

12/09
7.S0O

193,000
72,970

25,199

13,603

100,717 1,257,015
276,333
-U-S2

79,328

20,087
3,395

228,164

1.129,217
Total week.,...
475,423
Santa Elmo 1895..#.. 411,0.. 2

Oats,
hmh,

73,682
38,051

704,375
51,138
55,488
750
37,123
262,179

4,584
1,000
900

The destination of these exports for the week and since
Sept. 1,1895, is as i,, low. W e add the totals for the corres­
ponding periods of last year for comparison:
r—— - Wheat,—

-Flour.—
B&p&ris fa r

W eek

S in c e S ev t.

W eek

a .—— — Com .— -— s

S in c e S e a t .

Week

Since Sept.

13. i, 1895 J u n e 13, 1, 1895. June 13.
Sept, 1 to —
ftbl*.
bbbs.
bush.
hush.
hush.
United Kingdom 109,318 fl.27fl.887 1,333,366 25,957,282 310,985
Comment ...__ 14.128
932,327 137,172 8,675,900 832,700
49,789
18,300
8. * C. A m e r ic a .
5,875
1,115,210
11,988
3,500
Went Indies., .. 20,786
923,6fl4
3.000
...........
B li t .. N. A . Cat’s,
8,783 282.883
223,755
993,588
V,'«o
Other cotmtrles.. 10,817
13-1.065
\mek and *ine* J m m

hush.

376,591

1,850,673

35,882,171 1,429,217 79,93^933
414,952 38.314,027 475,423 21,881.370

T o t a l . . . . . . . 169,717 9.664,1*55
T o ta l 1394-95.......

1.1895.

40.523,988
33,003,662
577,275
592,784

276.332 10,437,788

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, June 13, 1896, was as follows:
In store a t —

Wheat.
hush.

C om ,
bush,

1,052,000
20,000
A l b a n y ............. ..
247,000
Buffalo.,.........
I*29,000
Do
afloat.,............ ..
5,577,000
Chlcaeo ...................13371,000
00
a flo a t..,.............
"2,COO
MUwaakea. . . . . . . . . . . . ftttMMM
Do
afloat......................
5.000
Dniati . .... .. .............8,413,000
Do
a flo a t...... . . . . . . .
69.000
Toledo.... ............ .
257,000
Do
a float..,,,..
.......
18,000
D e troit............
121,000
Do
afloat,...,.. ..... ...
8.000
Oswego........ .
....
140,000
i t . L ou is................. 471.000
m .r m
Do
afloat....... 113.800
2,000
C t e e t a m i i L , . 5,006
5*000
Boston ..................
880,000
3,000
Toronto..... . . . 9$,000
Sl*000
M on trea l.............. 4S8.O00
70.0*30
Philadelphia...... .... 186.000
8,000
P«Wt«u................
17,000
Indianapolls... . . . . . . .
30,000
89,000
Kansas City....... .... 1,010,000
820,000
Bal Elmore.......
300,000
65,000
Minneapolis........
17.050.000
93,090
On Mississippi Riser. lORfloO
705,000
On Lake*..,.. ... . . . . . USMQO
166,000
Os canal and riser,.. 1.232.000
w,|Q»X0OO
Total Jtxae tAtBMM0»4**.OO0
9.867,000
Total Juno «tDKMJ.5fl,li7,0O0
10,784,000
Total Jmta 15.18»5 47,717,000
7.077,000
Total June 16.1^4.57.1OO/AK)
8,165.000
Total June 17.lfleB.fM.370.000
New Y ork-....-.,
Do
afloat.,

THE

2,459.000

122,000

DRY

Oats
bush.

1,781,000
50,000
410,000
1,678,000
227,000
17.000
13,000

Barley,

Rve,
bush.

03,000

8,000

191,boo
307,000
iib.ooo
300,000
lob.ooy

TRADE.

T< t * l......... ....................... 14,545
Chit a, v ia V a n cou v er".... . . . . . .

113,341
14,323

4,830

Tot4ll*«*•»•»»<•»»»*»»«» .« 14,545

127,064

4,830

?rc m New England mill point.* direct.

*44
210
83
532
702
75

288,000

978,000

91,902
9,700
101,662

5>K3
C*C0
ow S l i l s
wto

M t O 05
.. . W CO t o
Or tO CO O O

l

m

com

«

CD o ®
ww
p
CIO to CO
CO COO O
M> CDto COC£>C5

3

03
pi

COM uvto M© o

'§ 3
WO
GOOD
M10
CiM

184,109
65,782
69,264
38,296
13,370

2,748
1.378
22,976
3,343
13.120
3,721
8,356
1,488
5,548
26,419
2,965

Arabia................................... .
A frica................. .....................
West la d le*........................ ....
M exico....................................
Central A m erica........
Booth A m e rica ..
Otner Countries............... .

1894.
1893,
J u n e 16. J u n e 17*
280,000
97,000
521,000 V 19,000
177,000 i

1895.

I s
W-l
©w
to#*-

w”—cilow
*acciowut
-a o w m co

;

85,831
565,392

53
41
3,100
10

595
104
174
31
485
897
78

1,105
1,785
55,730
3,007
8,505
8.279
5,852
1,384
4,290
21,395
1,949

70
Great Britain....... ..................
440
Other E u rop ean ....................
China ........................... .......... 11,691

172,000
37,000
79,000

J u n e 15.

Manufactures o f—
W o o l.....................
Cotton .................
Bilk .......................
F lax ......................
MiBoellaneone........

Since J a n . 1,

M
M
*-l
8
to
M

T o ta l .................
Ent’d foroon sn m p t

Week

Week. Since J a n . 1.

303.000
970.000
578.000

116,000

The importations and warehouse withdrawals of dry good
at this port for the week ending June 18, 1896, and since
January 1, 1896, and for the corresponding periods of last
year are as follows:
Total Im ports ........

1893.

1890,

1896.

J u n e 13.

S tock o f P r i n t C lothe—

A t Providenoe, 64 squares.
At Pall River, 64 squ ares..
At Pall R iver, odd s iz e s ....

m .w 0

N ew Y ork , F r id a y , P, M., June 19, 1896.
The inclusion of the gold plank in the St. Louis platform
has produced a good impression in the market and encouraged
hopes of an improvement in the geaeral demand in the near
future. In one division there has been a material increase in
the amount of business transacted, but that has been attracted
by new and lower prices made in leading tickets in bleached
cottons. These goods are now aa low as ever quoted in the
market, and buyers evidently appreciate their cheapness
These declines have been foiesbadowed for some time past
and are hardly to be regarded as the outcome of any new
weakness: they have simply been delayed until sellers thought
buyers could be tempted into bolder operations than were
likely whilst the uncertainty regarding the outcome of this
week’s convention existed. There has been no feature of
moment in brown or colored cottons, the market for these
continuing dull so far aa the home trade ia concerned, with a
continued fair demand for brown goods for export. A little
mor-' re-order business has been reported in the woolen gooda
departments in heavy weights, and low-grade goods for next
spring have been ordered in light quantities.
Domestic Cotton G oods—The exports of cotton goods
from this port for the week ending June 15 were 14,545
packages, valued at $610,384, their destination being to the
points specified in the tables below:
N rw Y o r k t o J usk i s .

Pie value of the New York exports for the vear to date has
•ecTi >5,070.956 in 1896 against §4,075,532 in 1895.
A good business has been reported in bleached cottons, in
which a number of reduoed prices have been made : such
makes as Lonsdale 4-4, at6 % o . , Fruit of the Loom and Masonville, at 6%o. net, and Blackstone and Hope, at 6c., are now
selling as low as was ever touched by t lem. They declined to
the same level in December, 1894. In brown sheetings and
drills there has been a fair demand for heavy weights for
export, but home buyers have again bought cautiously.
Prices are firm on export grades but irregular otherwise.
Wide sheetings have been in slack request and tend in buy­
ers’ favor. The demand for cotton flannels and blankets has
been light at unchanged prices. Business in denims con­
tinues slow but prices are steady. Ticks, plaids, cheviots
and other coarse colored cottons are inactive, with some ixregularity, Kid-finished cambrics incline to buyers’ favor
with a small business. Prints are inactive in light fancies at
irregular prices, new dark work in moderate request, but
definite prices not made yet. Other prints are dull, with
some irregularity. Fine qualities quiet. The gingham mar­
ket is practically confined to staples which are in moderate
request, and a quiet business doing in napped fabrics. There
has been an inactive market in print cloths, which have ruled
unchanged all week at 2 7-16c. for extras.

206,000
W o o l e n G o o d s —The slight increase in the re-order demand
10,000
for heavy-weight woolens for men’s wear noted last week has
26,000 developed into further improvement this, and a comparatively
301,000 fair amount of supplementary business has been done, with
fancies in cheviots still preferred to other goods. Worsteds
of all kinds continue inactive and featureless. In new spring
2,000 goods the display is still very restricted, and so far only the
60,000 lowest grades of goods have been shown in all-wool and cot­
____ ton-warp makes. The prices named on these show occasional
g.000 declines from last season’s opening prices of from 5 to 10 per
21.00*1 cent. Buyers have not given much attention to them and are
05,000 awaiting a more general display. The market for overcoat­
ings and cloakings continues sluggish and irregular. The
flannel and blanket business has ruled light at previous
prices.
19,000
Foreign Dry Goods. —A quiet market throughout has
been reported in foreign merchandise. Dress goods, silks,
ribbons, hosiery and underwear for fall have been ordered in
878,000 moderate quantities without change in prices of moment.
802.000 Seasonable lines pressed for sale, as a rule, to clean up.
118,000
85,0O<3 I m p o r t a t io n s a n d W a r e lt o u e e W U l id r a w a ls o f D r y G o o d s

69,000
i.obo
____________ _
16.000
1,000
5.000
89.000
866,000
6,000
137,000
2.000
165,000
26,000
28.000
27,000
266,000
640,000
82,000
33,000
1,605.0m
897,000
01,000
8.430,000 1,500,000
1,547,000
8,315,000
117,000
8,661,000
210.000
2.517,000
528,000
8,631,000

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THE CHRONICLE.

1150

S tat£ and C ity

VtTwrmm.

TERMS OF SUBSCRIPTION.
T h e I n v e st o r s ’ S u p p l e m e n t

will

be

furnished

without extra charge to every annual subscriber of the
C o m m e r c ia l

and

T h e St a te
nished

F i n a n c i a l C h r o n ic l e .

and

C i t t S u p p l e m e n t will also be fur­

without extra charge to every subscriber of the

C h r o n ic l e .
T he

St r e e t

be furnished

R a i l w a y S u p p l e m e n t will likewise

ivithout extra charge to every subscriber

of the C h r o n ic l e .
T h e Q u o t a t io n S u p p l e m e n t , issued m onthly, will
also be furnished'

without extra charge to every sub­

scriber of the C h r o n ic l e .
TERMS for the C h r o n ic l e

with the four Supple­
ments above named are Ten ollars within the United
States and Twelve Dollars i i Europe, which in both
cases includes postage.

Page.

T h e p u r p o s e o f tlii§ S t a t e a n d C it y D e p a r t m e n t
is t o f a m i s h o u r s u b s c r ib e r s w it h a w e e k ly a d d it io n to a n d
I n o th e r

sh a ll g i v e , t n e a m p lific a tio n s

a n d c D ire c tio n s w e sh a ll p u b lis h , a n d t h e m u n ic ip a l la w s w e
s h a ll a n a ly z e in t h e “ S ta te a n d C it y D e p a r tm e n t ,” w e e x p e c t
t o b r in g d o w n
State

and

p ossib le .

w e e k ly th e

i n f o r m a t io n

c o n t a in e d in th e

C i t y S u p p l e m e n t t o as n e a r th e c u r r e n t d a te as

H e n c e e v e r y S u b s c r ib e r w ill a t a ll tim e s possess a

c o m p le te a n d fr e s h c y clo p a e d ia

of

i n f o r m a t io n r e s p e c t in g

M u n ic ip a l D e b ts.

M U N IC IP A L

BO N D

SALES

IN

M AY.

T h e total amount of new municipal bonds reported
to the C h r o n i c l e as issued and sold in the m onth of
May was, as shown by our table below,

Rate.

Malden, Mass.....

4

Maturity.

Amount. Award.

1926

1 0 5 3 ..
Malden, M ass..... 4
1915
1 0 5 3 ..
Malden, M ass..... 4
1945
9 1 9 ..
Melrose, M ass.. 4
June 1 ,1 925
9 0 0 ..
Memphis, Tenn. 4*2
1926
9 1 9 ..
Meridian, M iss. 6
Apr. 1 ,1 916
9 1 9 ..
Meridian, M iss. 0
Apr. 1, 1926
9 1 9 ..
Meridian, M iss. 6
Apr. 1, 1926
9 1 9 ..
Meridian, M iss. 0
Apr. 1, 1926
9 1 9 ..
Meridian, Miss. 6
Apr. 1, 1926
9 1 9 ..
Meridian, M iss. 0
Apr. 1, 1926
9 1 9 ..
Meridian, M iss. O
Apr. 1, 1926
9 6 0 ..
Mount V e r n o n ,N .Y .. 5 1902
1 0 0 1 ..
New London, C o n n ... 4
1925
9 6 0 ..
Newton, M ass.. 4
M ay 1 .1 936
1910-1926
9 1 9 ..
N6w York City. 3*2
8 7 9 ..
No. Tarrvtown, N. Y . M
4 ay 1 ,1 9 1 6
1926
1 0 5 4 ..
Norwood, P a ....... 4
8 7 9 ..
Nyack, N. Y ...... 4
1926
1 0 0 1 ..
Petersburg, V a ... 5
M ay 1, 1936
9 6 0 ..
Providence,R. 1.......... June
4
1 ,1 9 2 6
9 0 0 ..
Providence, R. 1.......... Juno
4
1, 1926
9 6 0 ..
Richmond Co., N. Y . . June
4
1 ,1 921
1 0 0 2 .. Roine, G a ...................... 4 ^ Ju ly 1, 1926
9 2 2 ..
Taunton, M ass. 4
1906
1897-1902
9 6 1 . .U tica, N. Y ................... 4
1 0 5 5 ..
W atertown, N. Y ........ 4 1922-1925
1926-1930
1 0 5 5 .. Watertown, N. Y ........ 4*2
1 1 0 9 ..
W est Chicago, 111—
5July 1, 1915
1 0 5 5 ..
Wilkes-Barre School) ~
1901-1911
District, P a........... $
1 0 0 2 ..
Wilmerding, Pa ------ 5
8 8 0 ..
Woonsocket, R. 1 ........ 4 1921
1 0 0 2 ..
Youngstow n, O h io.. . 5&61897-1901
1 0 0 2 ..
Youngstown, O h io ... 5 1897-1906

One t im e ................................ S3 50 I Tnr
Months (13 tim e s)..$25 00
One Month
(4 tim es).. 11 00 Six onths
(26 tim e s).. 43 00
Tw o Months
(8 tim es).. 18 00 I Twelve Months (52 tim es).. 58 00
(The attove term s for one m onth and Howard are for standing cards.

w o r d s , w i t h t h e n e w fa c t s w e

Location.

1 0 5 3 ..

$100,000
19.000
10.000
40.000
1,339.000
25.000
5.000
5.000
5.000
5.000
5.000
5.000
32.0 0
60.000
80.000
4,039,502
20.000
15.000
50.000
34.000
500.000
200.000
168.000
169.000
37.000
2,915

107*429
105-698
109-381
106-56
103-50
102-10
104-53
105-15
105-55
100-15
106-625
1 0 7035
107-41
106-90
109-687
104,089
102-975
100-913
106-39
107113-69
114-61
108-51
100103-51
100-3 71

20.000 107*65

40.000 118-07
200.000 102-2553g
« . o ° o U o l S t0
38.000 I0 3 ‘186
100.000 103-57
3.0 0 102-36
21.000 105-43

T otal (42 m unicipalities).................................. $8,290,001
A ggregate o f sales fo r w hich no prioe has
been r e p o r te d .................................................... 2,422,537

Terms of Advertising— Ter Inch space.)

c o n t in u a t io n o f t h e S t a t e a n d C i t y S u p p l e m e n t ,

[ V ol . LXII,

$10,712,538.

In the corresponding month of last year the total was

$11,587,766, in May 1894, it was $14,349,410, in 1893
$4,093,969 and in 1892 it was $7,856,860.

the amount was

The good prices paid for May loans and the large
number of bids received by many of the municipalities
would indicate that the market for this class of securi­
ties

T otal sales fo r May.

B on d

P r o p o s a ls

c e iv e d t h r o u g h t h e

,$10,73 2 ,5 3 8

a n d N e g o t i a t i o n s . - W e h a v e re ­

w eek th e

fo l l o w i n g

n o t ic e s o f

bonds-

r e e e n tly n e g o t ia t e d a n d b o n d s o ff e r e d a n d to ba o f f e r e d f o r
sale.
A lle g h e n y , Pa.— B o n d S a le .— O n J u n e 16, 1896, C ity C o m p
tr o lle r J a m e s B r o w n so ld $400,000 4 p e r c e n t r e g is te r e d w a te r
b o n d s to M essrs. F a r s o n , L e a c h & C o ., o f C h ic a g o , a t 107 a n d
a c c r u e d in terest. T h e fo l l o w i n g is a list o f t h e b id s w h ic h
w e r e r e c e iv e d f o r th e lo a n :

Name o f Bidder.

Amount Bid.

Farson. Leach & Co., Chicago, 111......................................... 107
& int.
H enry Sproul & Co., Pittsburg, P a ............................. .........106-079 &. int.
Street, Wykes & Co., New Y ork .............................................106-065 & int.
Rudolph Kleybolte « Co., Cincinnati....................................103-90 & Int.
Edward C. Jones Co., New Y ork ...........................................105-18 & int.
E. D. Shepard & Co., New Y ork ............................................. 103-51 £ int.
Lampreekt Bros. Co., New Y o r k .................................. .........103-343 & int.
German National Bank, Allegheny, P a................................ 104-C2 & int.
Wkann & Schlesinger, New Y o rk .......................................... 103-77 & int.
T h e se c u r itie s a re t o b e d a t e d J u n e 1, 1896, in te r e s t w ill b e
p a y a b le s e m i-a n n u a lly o n J u n e 1 a n d D e c . 1 a t th e o ffic e o f
th e C ity C o m p t r o lle r , o r m a ile d b y c h e c k to t h e h o 'd e r t h e r e o f
w b e r e v e r p u r c h a s e r m a y d e sire , a n d th e p r in c ip a l w ill m a tu r e
J u n e 1, 1926. T h e last sale o f b o n d s b y th is c i t y t o o k p la c e o n
O c t. 8, 1895, w h e n a serial lo a n o f §650,000 w a s a w a r d e d to
M essrs. W h a n n & S c h le s in g e r o f N e w Y o r k a t 106-045.
T h e c it y ’s to ta l b o n d e d d e b t on M a y 29, 1896, w a s $4,933,500, in c lu d in g a w a te r d e b t o f $2,131,000 ; s in k in g fu n d , $661,970 7 5 ; n e t d e b t, $4,321,529 25. T h e assessed v a lu a tio n is
$7 9,8 4 3 ,6 2 5 ; a c t u a l v a lu a tio n , $85,000,000. T h e e s tim a te d
v a lu e o f c it y p r o p e r ly is $3,000,000 ; v a lu e o f w a te r d e p a r t­
m e n t p r o p e r t y , $3,439,333. T h e e s t im a te d p o p u la t io n at
p re s e n t is 120,000

is steadily improving.
The reports for this
Augrnsta Graded Free School District, Ky.— B o n d O ffer ­
month have been even more favorable and none of the i n g .— P r o p o s a ls w ill b e r e c e iv e d u n til n o o n J u n e 27, 1896, b y
G . H . M 'K ib b e n , S e c r e t a r y , fo r th e p u r c h a s e o ' $10,000 o f 6
offerings have been withdrawn for lack of bidders.
In the following table we give the prices which were

paid for May loans to the a m o u n t, of
issued by

42 municipalities.

$8,290,001,

T h e aggregate of sales

$2,422,537 and the
$10,712,538. In the case of

for which r o price -was reported is
total sales for the month

each loan reference is made to the page of the C h r o n ­

p e r c e n t s c h o o l b o n d s . T h e s e c u r itie s w ill b e d a te d J u ly 1.
1896, in te re st w ill b e p a y a b le a n n u a lly , a n d th e p r in c ip a l w ill
m a tu r e a t th e ra te o f $1,000 e v e r y t w o y e a r s , b e g in n in g i2
y e a r s fr o m d a te o f issu e. B a t h p r in c ip a l a n d in t e r e s t w ill b e
p a y a b le at N e w Y o r k , C h ic a g o , C in c in n a t i o r A u g u s t a , K y . ,
as th e p u r ch a s e r m a y d esire.
T h e s c h o o l d is tr ic t has a t p re s e n t n o b o n d e d d e b t . I t s a s ­
sessed v a lu a tio n is $553,500; e s tim a te d a c t u a l v a l u i t i o a $1 ,6 6 0 ,500. T h e e stim a te d p o p u la t io n a t p re s e n t is 1,700.

Boston. M a ss.— B o n d O ffe r in g .— C ity T re a su r e r A lfr e d T .
T u r n e r w ill r e c e iv e b id s u n til 12 o ’ c lo c k n o o n o f J u n e 26 fo r
$2,500,000 4 p e r c e n t 20, 30 a n d 4 0 -y e a r c it y o f B o s t o n b on d s
Page.
Location.
Bale.
Maturity.
Amount.Award.
d e s c r ib e d b e lo w .
9 5 9 .. A tlantic Highlands,
H ig h w a y lo a n , $700,000, p a y a b le J u ly 1, 1916, w it h i n ­
N. J........................ 5
M a y 1 5 ,1 9 0 6
$ 1 5 ,0 0 0 103-09
terest p a y a b le se m i a n n u a lly , in J a n u a r y a n d J u ly , a t th e
918.. Barre, Vt............... 4
lUOB-’ l l & ’ lH
4 5 ,0 0 0 101-53
878.. Brockton, Mass..... 4
2 5 ,0 0 0 1 06-80
M a y 1, 1 926
o ffic e o f th e C ity T rea su rer, B o s t o n . T n e c e r t ific a t e s w ill
959.. Burlington, Iowa_ 4
5 0 ,0 0 0 100-33
J u n e 1 ,1 9 0 0
b e a r d a te o f J u ly 1, 1896.
1053.. Chicopee, Mass......... 4
A v . abt. 9 y r s .
2 5 ,0 0 0 102 -8 8 4
B lu e H ill a n d o t h e r a v e n u e s, lo a n $1,000,000, p a y a b le J u ly
918.. Cleveland, Ohio.... 4
1 5 0 ,0 0 0 100 -4 4 1
1 90 1 -1 90 6
960. Cold Spring, N. Y __ 4
1, 1936, w it h in te r e st, p a y a b le s e m i-a n n u a lly in J a n u a r y an d
1926
10,000 1 03-57
1000.. Columbus, Ohio__ 5
00,0 0 0 112 -3 0 5
1912
J u ly , a t th e o ffic e o f C ity T rea su rer, B o s t o n . T h e c e rtific a te s
919. Cuyahoga Co., Ohio.. 5
A p r, 1, 1 906
10,000 107 -2 2 77
w i l l b e a r d a te o f J u ly 1, 1898.
1000. .Deaf Smith Co.,Tex.. 6
17,0 00 1 0 0 1936
S c h o o l h o u se lo a n o f $500,000, p a y a b le J u ly 1, 1926, w it h
878.. Fall Kiver. Mass.... 4
M ay 1 ,1 9 2 6
25,000 110-849
919.. Foxboro, Mass...... 4
17,0 00 101-528
19001902
in te r e s t p a y a b le se m i a n n u a lly , in J a n u a ry a n d J u ly , a t th e
1001. . Georgia .....................
J u ly 1 ,1 9 2 6
2 4 2 ,0 0 0 106o ffic e o f t h e C ity T rea su rer, B o s to n . T h e c e r t ific a t e s w ill
878.. Gloucester,Mass... 4
4 0 ,0 0 0 101 -7 5 7
1 89 7-1906
919.. Hillsboro Co., N. II.. 4 J u n e 1, 1 92 1
b e a r d a te o f -July 1 ,1 8 9 6 .
10,000 107-595
960. .l.utrnlK', Pa............... 5
1921
15,0 00 109-186
V a r io u s m u n ic ip a l p u r p o s e s, o r d e r o f lu ly 9 ,1 8 9 5 , $300,000,
879.. Lucas Co., Ohio.........
20.0 0 0 103-6675 p a y a b le J u ly 1, 1916. w it h in te r e s t p a y a b le s e m i-a n n u a lly , in
879.. Lucas Co., Ohio.........
14,534. 100-763
879.. Lynn, Mass...
4 A p r . 1 ,1 9 0 6
54.0(H) 103 -2 1 7 ) J a n u a r y a n d J u ly , a t th e o ffic e o f th e C ity T re a su re r, B o s t o n .
960.. Mabel, Minn...............
5 ,0 0 0 1 0 1 T h e c e r t ific a t e s w ill b e a r d a te o f J u ly 1, 1896.
ic l e

where a full account of the sale is given.
M a y B ond S ale s .

JtfNE 20, 1896.]

THE CHRONICLE

In te re s t f o r less th a n o n e m o n t h w ill b e c a lc u la te d o n th e
b a sis o f 365 d a y s to a y e a r. T h e c e r tific a te s w ill b e r e a d y f o r
d e liv e r y , a n d m o n e y r e c e iv e d f o r th e sa m e J u ly 1 ,1 8 9 6 .
T h ese lo a n s w ill b e s e c u r e d b y s in k in g fu n d s p r o v id in g f o r th e
p a y m e n t o f th e sa m e a t m a tu r itv .
B r o c k t o n , M a ss.— B o n d O ffe r in g .— P r o p o s a ls w ill b e r e ­
c e iv e d u n til 7 o ’c lo c k p . m ., J u a e 2 5 .1 8 3 6 . b y W . H . E m e r s o n ,
C it y T re a su re r, f o r th e p u rch a se o f 810,003 o f 4 per c e n t r e g ­
istered s c h o o l b o n d s. T h e se cu r itie s w ill be d a te d J u lv 1,
1896, in te re st w ill b e p a y a b le s e m i-a n n u a lly o n J a n u a r y 1 a n d
J u ly 1, a n d th e p r in c ip a l w ill m a tu r e a t th e r a te o f $2,000
y e a r ly fr o m J u ly 1, 1897, to J u ly 1, 1916.
U n la t h , M in n .— Bond O ffe r in g .— P r o p o sa ls w ill b e r e c e iv e d
u n til 7:30 o ’c l o c k p. M., J u n e 29, 1896. b y C . E , R ic h a r d s o n ,
C ity C le r k a n d C lerk o f th e C o m m o n C o u n c il, f o r th e p u r ­
c h a se o f $ 1 ,106,000o f 5 p e r c e n t c o u p o n w a te r a n d lig h t b on d s.
T h e s e cu r itie s w ill b e d a te d J u ly 1, 1896, in te re st w ill be p a y ­
a b le s e m i-a n n u a llv o n J a n u a r y 1 a n d J u ly 1, a n d th e p r in c ip a l
w ill m a tu re J u ly 1, 1926. B o th p r in c ip a l a n d in te re st w ill be
p a v a b le in g o ld at th e A m e r ic a n E x c h a n g e N a tio n a l B a n k ,
N e w Y o r k . T h e b o n d s w ill be d e liv e r e d as f o l l o w s : $200,000
o n A u g u s t 1, 1896; $100,000 o n S e p te m b e r 1, 1896; $200,000
o n O c t o b e r 1, 1896: $200 000 o n D e c e m b e r 1. 1896; $100,000 o n
J a n u a r y 1, 1897; $100,000 o n M a rch 1, 1897; $100,000 o n M sv
1, 1897, a n d *106,000 o n J u ly 1, 1897.
T h e c it y 's b o n d e d d e b t o n J u n e 9, 1896, w a s $ 2 ,04 2 ,2 5 3 ;
w a te r -w o r k s b o n d s (n o t in c lu d e d ), so ld b u t n o t issu e d , $730,000;
flo a tin g d e b t, $452,246 ; s in k in g fu n d , $47,116. T h e r e is a lso
a sp e c ia l a s se s s m -m d e b t o f $694,225. T h e v a lu a tio n in 1895
o f rea l e sta te w as $36,157,713 ; p e rso n a l p r o p e r t y . $4,855,550 ;
to ta l, $41,013,263 ; e stim a te d real v a lu e , $88,500,000 ; tota l ta x
ra te (p e r $1,000) $27 90. T h e p o p u la t io n in 1895 w a s 59,396

1151

L a n s in g , M ic h .— B o n d s A u t h o r iz e d .— J a m e s P . E d m o n d s ,
C ity T rea su rer, re p o r ts to th e C h r o n i c l e th a t at a n e le c tio n
h e ld J u n e 2, 1893, th e p e o p le o f L a n s in g v o t e d in fa v o r o f
is s u in g $50,000 o f a d d itio n a l C ity H a ll b on d s. T h e se cu ritie s
w ill b ea r in terest a t th e ra te o f 4 p e r c e n t , a n d $10,000 o f th e
p r in c ip a l w ill m a tu re in 14 y e a rs, $10,000 in 16 y ea rs, $10,000
in 18 y e a r s , $10,000 in 19 y e a r s a n d $10,000 in 20 y e a r s fr o m
d ate o f issu e. T h e loa n w ill s o o n b e o ffe r e d fo r sale.
T h e T rea su rer a lso states th a t th e C o u n c il r e c e n t ly v o t e d to
sell $53,000 o f p a v in g b o n d s b u t th a t th ere a p p ea rs to be so m e
ir r e g u la r it y in th e p r o c e e d in g s a n d th at it is d o u b t fu l i f th ese
se cu ritie s w ill be o ffe r e d f o r sale u n d e r th e p resen t r e s o lu tio n .
L e o m in s t e r , M a ss.— B o n d O ffe r in g .— C ity T rea su rer C . A .
J o slin r ep orts th a t $49,000 o f 4 p er c e n t 3 0 -y ea r w a te r b o n d s
d a te d O c to b e r 1. 1895, a re b e in g o ffe re d f o r sale. T h is is p a r t
o f an issu e o f $200,000 w h ic h w a s a u th o r iz e d last s p r in g . T h e
se c u r itie s w ill p r o b a b ly n o t b e a d v e rtise d bu t w ill be d isp o s e d
o f a t p riv a te s a le .
M a n c h e s t e r , N. H .— B o n d O ffe r in g .— P r o p o s a ls w ill b e r e ­
c e iv e d u n til J u n e 26, 1396, f o r th e p u r ch a s e o f $130,000 o f 4
per c e n t b r id g e b o n d s a n d $54,000 o f 4 p e r c e n t s c h o o l b o n d s .
T h e b r id g e b i n d s w ill m a tu r e a t th e rate o f $25,000 y e a r ly ,
fr o m J u lv 1, 1897 t o 1900, in c lu s iv e , a n d $30,000 o n J u ly 1,
1901.
M a r y la n d .— B o n d S a le.— B e lo w is g iv e n a n o ffic ia l list o f
bid s r e c e iv e d on J u n e 11, 1896. fo r th e p u r ch a se o f $500,000 o f
p e n ite n tia ry b o n d s a n d $100,000 o f in sa n e a s y lu m b on d s o f t h e
S ta te o f M a r y la n d .

Bidders—

B ID S F O B P E N IT E N T IA R Y LOA N .

Amount.

Bid.

R. Kleybolte A Co.. Cincinnati. O h io ...................... $500,000
101-41
M. A M. Fire toe. Co., Baltimore, Met.......................
25,000
101-27
A. C F. Boehme, Baltimore. Mil..............................
5,0 )0
100*8
100-13
E sse x C o u n t y . V J . —Bontl Sale.—Oa J u n e 1 6 ,1 8 9 6 , th is Hambleton A Co., Baltimore. Mil.................... lOO.nOO
100-26
c o u n t y sold $1,500.000 o f 4 p e r c e n t p a rk b o n d s to th e N e w Ilamtileton A Co., Baltimore, M d .............................. 100,000
Hambleton A Co.. Baltimore, Md .......................... 100,000
100-51
Y o r k L ife In su ra n c e C o m p a n y a t 104-86 a n d a c c r u e d in te re s t
Hambleton A Co., Baltltuoie, M d.................... 100,000
100-76
10101
T h e se cu r itie s w ill b e d a t e l A u g u s t 1, 1896
In te re st w ill b e Hambleton A Co.. Baliim ore, Md ......................... 100,' 00
12,OOo
101-50
p a y a b le s e m i-a n n u a lly a n d th e p r in c ip a l w ill m a tu re a t th e Frank C. Norwood. Frederick. M d.......... ...............
F. At D. Company of Maryland, Baltimore, M d .... 500.000
10113
ra te o f $300,000 e v e r y five y e a rs fr o m A u g u s t 1, 1916, to A u g ­ F. A D. Company of M arvlaod, Baltimore, Md . . . 500.000
101-67
ust 1, 1936, b o th p r in c ip a l a n d in te re st t o be p a y a b le in g o ld .
Blake Bros. A Co., New York City ......................... 500.000
100-79
Sperry, Jo es A Co., Baltimore. M il....................... 20,000
103-26
F iv e b id s w e r e r e c e iv d fo r th e lo a n as f o llo w s :
Spur J , Jooes A Co , Baltimore, Mil......................
20,000
102-26
N e w Y o r k L ife I n su r a n c e C o m p a n y o ffe r e d 104-86 fo r Sperry, ones A Co., Baltimore, Md..............
500,000
102-06
$1,500,000 o f 4 p e r c e n t bon d s.
Maryland Havings Bank. Baltimore. Md........ 10,000
103-50
100'51
F r a n k lin S a v in g s In s titu tio n , N e w a r k , N . J ., o ffe r e d fo r Stein Bros., Baltimore, M d ........................ - ............. 100,000
Siein Bros., Baltimore. M d..................................
100.000
100-63
$1,500,000 o f 4 p e r c e n t b o n d s, 101-40, 101 60, 101 80. 101-90 Stela
Bros., Baltimore, Mil............................... 100,000
100-88
a n d 102.
Stein Bros , Baltimore, M d............................... 10",000
101-01
101-07
D. A . M ora n & C o o ffe r e d 101-68 f o r $1,500,000 o f 4 p. c . b o n d s. Stein Bros., Baltimore. M d............................... 100,000
John McGee, Baltimore. M d...........................
15,000
100
E . B e e k m a n U n d e rh ill o ffe r e d 101-50 f o r $100,000 o f b on d s.
Fiank 0. Norwood, Frederick, M d ............... 12,000
102 06
J . f t W . S e lig m a n & C o . o ffe r e d par, a c c r u e d in te re st a n d a
BIDS FOR INSANE ASYLUM LOAN.
p r e m iu m o f 100-28 f o r $1,500,000 o f 3 ‘65 p e r c e n t b o n d s.
Bidders.
Amount,
Bid.
101-11
H a r r le ls t o w n S c h o o l D i s t r i c t N o. 1. .V Y .— B o n d O ffer ­ Stein Brothers, Baltimore, M d....................... $100,000
Frank C. Norwood, Frederick, Md...........................
12,000
101-50
ing. — P r o p o sa ls w ill b e r e ce iv e d u n til 8 o ’c lo c k P. M. J u n e 23, Frank C. Norwood. Frederlok, Md.............................. 12,000
10100
180$, b y th e B oa rd o f E d u c a tio n o f th is d is tricr. fo r th e p u r­ Hambleton A Co., Baltimore. M d................... 100,000
100-51
101*13
c h a se o f $9,000 o f 4 !£ p e r c e n t s c h o o l b o n d s . T h e se cu r itie s F. A D. Company ot Maryland, Baltimore, M d .... 100,000
M. A M. Fire Insurance Co., Baltimore, M d......... 25,000
101-27
are d a te d M ay 1, 1896. in te re s t is p a y a b le a n n u a lly , a n d th e A. C F. Boehme, Baltimore, M d................................
5,000
100-58
p r in c ip a l « ill m a tu re part y e a r ly in fr o m o n e to n in e yea rs. Blake Bros, is Co.. New Y ork City...............
100,000
100 79
101-41
B oth p r in c ip a l a n d in terest w ill b e p a y a b le a t th e P e o p le ’ s R. Kleybolte A Co., Cincinnati, O ........................... 100,000
8perry, Jones A 0 . Baltimore, M d......................... 100,000
102-06
N a tio n a l B a n k o f M a lo n e , N . Y .
F. A D com pan y ot Maryland, B a ltim ore,M il... 100,000
101-67
I n d i a n a p o l i s , I n d . — Temporary Loan.— P r o p o sa ls w ill be
S.
A . K e a n o f C h ic a g o o ffe r e d p a r less o n e p e r c e n t c o m ­
r e c e iv e d u n til 12 o ’c l o c k n o o n , J u n e 24, 1896, b y th e B i a r d o f m ission fo r n o lo issues.
T h e aw a rd s w e r e as f o l l o w s :
S c h o o l C o m m is s io n e r s, f o r th e p u rch a se o f a te m p o r a r y lo a n o f
$140,000.

N otes w ill be issu ed d a te d J u ly 1 ,1 89 6 , a n d p a y a b le

J a n u a r y 31, 1897.
The official arlvertisement o f th is sale trill b e f o u n d elsew h ere

in this Department.
K a n s a s C it y , M » .— B o n d S a le.— S c h o o l b o n d s o f K a n sa s
C it y t o th e a m o u n t o f $250,000 h a v e b e e n so ld to J . & W . C.
M a c k e n z ie a t 1 0 1 '4 . T h e se c u r itie s are t o b e d a te d J u ly 1,
1896. In tere st at 4 per ce n t w ill be p a y a b le s e m i-a n n u a lly in
g o ld a n d th e p r in cip a l w ill m a tu re J u ly 1, 1916.
T w en ty f o u r b id s w e r e r e c e iv e d fo r th e lo a n as fo llo w s :
National Btnk o t Commerce, Kansas City, $50,000 at 101.
J. A W. C. Mackenzie. Kansas City, $100,000 at 100‘s, anil $50,000
* 7 f2 V
a Mackenzie. Kansas City. $250,000, $1,000 bonds, at
1 0 1 or $353,125 for the entire Issue.
Alvls Wets. Kansas City. $2,000 at 101.
Trulitres B. P, O. Eika lodge. 2fl. Kansas City, $2,000 at 101.
Mary T nrp-y. o f Kansas City. $500 at par.
National Bank o ' Cnmmrri-e, Kansas City. $50,000 at t o o 1-2 '•
Now Knithand Sato Deposit Company. Kansas City, $9,000, at 100>«.
James C. Horton. Kansas City, *200, at 102.
Marta 1.. 8ft .ri *•. ......... .. CUT. $100. at 104.
* in non at 10-’ to
Mary K. Moore, Ball-ton. Spa, Saratoga Co., N. 5 ., $10,000 at lO -'a.
F rw lln e T nfts. AtcMaon, Kan., $1,000, at 101 1-10.
FreeMnic T o f t s . Atonlaon. Kan.. $2,000, at 100 3-5.
John W. Gish, Kansas City. $1,500, at 102 1-10.
Emil K Rnf. Kansas City. $500. at 101.
Asne* B. A llen . Kansas City. $5,000, at 101.
Marie H. Itonl. Kai sas City, $100, at 102.
Frank Foster. Kansas City. $3,500. at 101.
J. M Wayener. Kansas City, $2,000. at lOgJ. M. Wsitsner. Kansas City, $1,000, at 1Q3M.
J W
Kan-<»4 City, $1,000, at 104.
P in t National’ Bank o f Kan*a» City, $30,000, at 100*9.
B id s fn m W . J . H ay es f t S on s, C le v e la n d . O .. a n d W . B
K e a n . Chi* a g o . w e re r e je c t e d o n a c c o u n t o f fa ilu r e to c o m p ly
w ith s tip u la tio n s.
I .a n -d o w n e . P a . - B o w l Sale .— T h is b o r o u g h h as a w a r d e d
*25.060 o f t p er c e n t 3 0 -y e a r s e w e r b o n d s to M essrs. D ick
B ros f t C o ., o f P h ila d e lp h ia , a t 103*748. O n ly $10,000 o f th e
a m o u n t w ill b e issued a t p resen t, b u t M essrs. D ic k B ros. &
C o w ill h a v e an o p tio n o n th e b a la n c e . T h e s e c u r itie s w ill be
fr e e fr o m ta x a tio n a n d in te re st w ill b e p a y a b le se m i-a n n u a lly ,

Bidders.

Amount.

Bid.

Sperry. Jones A Co., B altim ore..............
$538,000
102-06
Sperry, Jones A Co , B altim ore................................. 20,000
102-26
Sperry. Jones A Co.. B altim ore................................. 20,000
103-26
Maryland Savings Bank. B altim ore....................... 10,000
103-50
Frank C. Norwood. B altim ore................................... 12,000
102-06
T h e se cu ritie s w ill be d a te d J u ly 1, 1896, iu terest w ill b e
p a y a b le s e m i-a n n u a lly o n J a n u a r y 1 a n d J u ly 1, a n d th e p r in ­
c ip a l w ill m a tu re J u ly 1 ,1 9 1 1 , w ith a n o p tio n o f c a ll a fte r
J u ly 1, 1906. T h e b o n d s w ill be c o u p o n o r reg is te re d , as th e
p u rch a ser m a y d e sire , a n d t h e y w ill be e x e m p t f r o m a ll S ta te,
c o u n t y an d m u n ic ip a l ta x es.
M ilw a u k e e , W I s .— Bond, S a le.— O a J u n e 16, 1896, th e c it y
o f M ilw a u k e e gold $420,000 o f 5 p er c e n t w a te r, s c h o o l a n d
r e fu n d in g b on d s to E . D . S h ep a rd & C o. a t 111-87 a n d a c ­
c r u e d in terest. T h e se cu ritie s w ill be d a te d J u ly 1, 1896,
in terest w ill be p a y a b le s e m i-a n n u a lly o n J a n u a ry 1 a n d J u ly
1, a t th e o ffic e o f th e C ity T rea su rer, o r M o rto n , B liss & C o .,
N e w Y o r k C ity , a n d th e p r in c ip a l w ill m a tu r e at th e ra te o f
o n e -tw e n tie th y e a r ly u n til a ll is p a id . T w e n t y b id s w e r e
r e c e iv e d f o r th e lo a n as fo llo w s :
FOK TOTAL IS8UE $420,000.
E D. Shepard St Co., New York ....................................
Horace *4. Homer & Co., Boston............... ..................... ......... 469,501 20
NV. I. Quintard, New Y ork............................................... ........ 466,632 60
W. J. U a jes St Sons, C le v e la n d ......... ......................... ......... 466,336 00
K. L. Day & Co.. B oston................................................ .......... 464,389 80
E. H. Rollins
8ons, Boaron ........................................
C. H. White St Co., >ew Y ork .........- .............................

.......... 463,050 00
....... 462,0 JO 00

E. Beekinan Undethill & Co., New Y ork ...................... ....... 455,700 00
Mason, Lewis St Co., Chicago........................................
Rudolph K ey b o te <fe Co., Cincinnati ...........................
H. A. Kean, C hicago........................... .
.............. .......... 446.500 00
Seusougood St vlaver, Cinoinuati................................... .......... 446,000 00
F O R W A T E R AN D REFUNDING BONDS $200,000.
Cltas. 8chley A Co., M ilw au k ee................................................. 220,000 00FOR R EFU N D IN G BONDS $100,000.
First National Bank. Portage, W i s ............ - .......................... 110,10100

THE CHRONICLE.

1152

N e w Y o r k C it y .— B o n d S a le.— I t is r e p o r t e d th a t s ix ­
te e n b id s a g g r e g a tin g $10,148,359 94 w e r e r e c e iv e d o n J u n e
18, 1896, f o r th e p u r ch a se o f $1,283,909 84 o f 3 % p er c e n t g o ld
c o n s o lid a t e d s t o c k o f th e C ity o f N e w Y o r k . T n e b id s r a n g e d
fr o m p a r to 105 95. T h e a w a r d s w e r e as f o l l o w s :
T itle G u a r a n te e & T ru st C o m p a n y , $50,000 o f b r id g e b o n d s
a t 105 95 a n d $100,000 a t 105-77. H o lie r & C o ., $50,000 o f
s c h o o l-h o u s e b o n d s a t 105-25. $50,000 a t 105-12, $50,000 at 105
an d $50,000 a t 104-875; $50,000 o f c o lle g e b u ild in g b o n d s a t
104-75, $50,000 a t $104-50 a n d $50,000 at 104-25. A u b r e y B e n ­
n e tt, $1,000 o f c e m e t e r y b o n d s a t 103-72. L . W . M o rr iso n ,
$20,655 20 o f c e m e t e r y b o n d s a t 102-50, $33,694 80 o f s c h o o lh o u se b o n d s a t 102-50 a n d $45,650 o f c o lle g e b u ild in g b o n d s at
102-50. R u d o lp h K le y b o lt e & C o ., $532,909 84 o f c e m e t e r y
b o n d s at 102 39. A d e s c r ip tio n o f th e s e c u r it ie s is g iv e n
b e lo w .

LO A N S—

Ce m e t e r y B o n d s —

When .Due.

3k!S,g.,M & N,$554,565.N ov.l,1916
B r id g e B o n d s —

LO A N S —

When Vue.

S c h o o l -H o u se B o n d s —

3 *28,g.,M&N,$283,694. Nov. 1,1914
Co l l e g e B u il d in g B o n d s —

3k;sIg.,M &lfI$250,0 00.N ov.l,1 916

[V ol. LXII.

B o n d O ffe r in g .— P r o p o s a ls w ill b e r e c e iv e d u n til n o o n J u n e
2 4 ,1 8 9 6 , b y M a lc o m J e n n in g s , C le r k o f th e S in k in g F u n d C o m ­
m issio n , f o r th e p u r c h a s e o f $250,000 o f 3 p e r c e n t b o n d s o f
th e S ta te o f O h io . I n t e r e s t w ill b e p a y a b le s e m i-a n n u a lly o n
J a n u a r y 1 a n d J u l y 1, a n d th e p r in c ip a l w ill m a tu r e J u ly 1,
1901. P r in c ip a l a n d in t e r e s t w ill be p a y a b le a t th e A m e r ic a n
E x c h a n g e N a tio n a l B a n k , N e w Y o r k .
P a l o A l t o , C a l.— B o n d O ffe r in g .— P r o p o s a ls w ill b e r e c e iv e d
u n til 8 o ’c l o c k P. M. J u n e 20, 1896, b y H . W . S im k in s , T o w n
C lerk , fo r th e p u r ch a s e o f $40,000 o f 5 per c e n t g o ld w a te r
b o n d . T h e s e c u r itie s w ill b e d a te d J u ly 15, 1896, in te r e s t w ill
be p a y a b le s e m i-a n n u a lly o n J a n u a r y 15 a n d J u l y 15, a t th e
o ffic e o f th e T o w n T re a su r e r , o r e ls e w h e r e to s u it th e in v e s ­
to r ’s c o n v e n ie n c e , a n d th e p r in c ip a l w ill m a tu r e a t th e ra te
o f $1,000 y e a r ly f r o m J u ly 15, 1897, to J u l y 15, 1936. T h e
b o n d s w ill be s o ld t o th e h ig h e s t a n d best b id d e r f o r c a s h , in
U n ite d S ta tes g o ld c o in , p a y a b le o n d e liv e r y o f th e b o n d s t o
p u rch a se r. T h e t o w n has a t p re s e n t n o b o n d e d d e b t a n d its
assessed v a lu a tio n is $700,000; a c t u a l v a lu a tio n $1,200,000.

3 12 S , g . , M & N , $ 1 9 5 , 6 5 0 . N o v . l , 1 9 1 4

N o r f o l k , Y a .— B o n d O ffe r in g .— T h e C it y T re a s u r e r o f N o r ­
f o l k , V a ., w ill r e c e iv e p ro p o sa ls u n t il J u n e 26, a t 12 o ’ c l o c k
n o o n , f o r $50,000 o f 4 p e r c e n t c o u p o n b o n d s m a tu r in g

June

Q u e e n s C o u n t y , N. Y .— B o n d S a le — O n J u n e 17, 1896, th e
fo llo w in g p ro p o s a ls w e r e r e c e iv e d fo r $151,000 o f 4 p e r c e n t
ro a d bonds.

Amount.
. $80,000

Bidders—

Price.

103*20
103 50
103-19
10200
101-50
10 2-16
102-4,5

m en t g iv e s f u r t h e r p a r t i c u l a r s r e g a r d in g th e s a l t .

Benwell & E v e ritt.......
Do
.........
Frederick Taylor & Co
Bortron & 8torrs..........
W alter Stanton & C o..
George EC. H a lm ............
Do
..........

O h io .— C e r tific a te S a le .— O n J u n e 15, 1896, th e B o a r d o f
T ru stee s o f t h e O h io S ta te U n iv e r s it y s o ld $150,000 o f
per
c e n t ce rtific a te s o f in d e b te d n e s s to S e a s o n g o o d & M a y e r, o f
C in cin n a ti,^ fo r $150,425 a n d a c c r u e d in te r e s t. S ix b id s w e r e
r e c e iv e d f o r th e lo a n . T h e s e c u r itie s w ill be d a t e d J u n e 1,
1896, in te re st w ill b e p a y a b le s e m i-a n n u a lly o a J u n e 1 a n d
D e c e m b e r 1, a n d th e p r in c ip a l w ill m a tu r e a t th e ra te o f $2 5,000 y e a r ly f r o m D e c e m b e r 1, 1898, to D e c e m b e r 1, 1903. B o t h
p r in c ip a l a n d in te re st w ill b e p a y a b le a t t h e o ffic e o f t h e
U n ite d S ta tes M o r tg a g e & T ru st C o m p a n y , N e w Y o r k .

M essrs. S. A . K e a n , D , A . M o ra n , E . W , M o rr is o n a n d W .
E . R . S m ith a ll s u b m it t e d b id s w h ic h w e r e n o t a c c o m p a n ie d
b y th e r e q u ir e d c h e c k .
'in t e r e s t w ill b e p a y a b le s e m i-a n n u a lly o n J a n u a r y 1 a n d
J u ly 1 a t t h e o ffic e o f th e C o u n ty T re a s u r e r , a n d th e p r in c ip a l
w ill m a tu r e J u ly 1, 1916, b o t h p r in c ip a l a n d in te r e s t t o be
p a y a b le in g o ld .
T h e b o n d e d in d e b te d n e s s o f th e c o u n t y , e x c lu d in g t h e n e w
issu e, d o e s n o t e x c e e d $800,000, a n d th e e q u a liz e d v a lu a t io n
in 1895 w as $72,168,015.

1 , 1926.

In te r e st

w ill b e p a y a b le s e m i-a n n u a lly o n J u n e 1

a n d D e c e m b e r 1,
T he officia l a d v e r tis e m e n t p u b lis h e d e ls ew h e re in th is D e p a r t ­

N E W LO A N S
$ 5 0 ,0 0 0

N E W LO AN S
$ 1 4 0 ,0 0 0 LO AN.

CITY OF NORFOLK, VA,

C IT Y OF

30-Year 4% Coupon Bonds
of $ 5 0 0 Each,
DUE JU N E 1st,

1926.

IN TER EST P A Y A B L E DEC. 1st A N D JU N E 1st
Bids for above-described bonds will be received
at the office of the City Treasurer o f Norfolk, Ya.,
until 12 o'clock M . Friday, June 2t th. 1896. Bids may
be for the whole or part of said bonds and must state
price and accrued interest. Payments for the pur­
chase of said bonds to be made in certified check,
payable to the order o f the City Treasurer, on any of
the city depositories, to-w it: Citizens’ Bank, Marine
Bank, Bank of Commerce, Norfolk National Bank or
City National Bank.
The right to reject any or all bids is reserved by the
Finance Committee.
L. SHELDON,
Chairman Finance Committee of Common Council
A . B. BROUGHTON,
Chairman Finance Committee o f Select Council.

INDIANAPOLIS,

BONDS.

E. C. S T A N W O O D & CO.,

FOR INVESTMENT.
PAR T IC U L A R S

■VI EMBERS

BANKERS,

C IN C IN N A T I, O .

W. N. Coler & Co.,
BANKERS.

m u n ic ip a l b o n d s.
34 NASSAU STREET.

UPON

APPLICATIO N .

OF TH E N E W YO R K AN D BOSTON
STOCK EXCH ANG ES.

D EA LER S IN COMMERCIAL P A PE R ,

Blake Brothers & Co.,
28

STATE

5

NASSAU

s

REET,

S T .,

BOSTON.

NEW

YORK’

BANKERS,

121 Devonshire Street,

S i o o 5o o o
N E W A R K , N. j.

BOSTON.

REG ISTERED OR COUPON,

FOR SA L E A Y

Rudolph Kleybolte & Co.

BONDS

IND.

BONDS.
Mar ie tta * Ohio, I m p r o v e m e n t ....................... 6 s
•Charlevoix, M ic h. , R e fu n d in g ....................... 5s
Ric hmond, Ind ., Funding-..................................58
D e arb or n County, Ind., F un di ng.................. 5 «
T e r r e H a ut e , In«'., F u n d i n g ........................... 4 »
Richmond, Ind., Stre et I m p r o v e m e n t...... 6 s
Mit ch ell , Ind., E le c tr i c- L i gh t.........................<i»
Youu ifs io wo, Ohio, I m p r o v e m e n t ................ 5 »
Bluflton, Ohio. W a t e r ......................................... 5 s
Bond H i ll , Ohio, W a t e r ..................................... 5 s
X e n i a , Ohio, Funding...................................... 4^8
Piqua, Ohio, W a t e r ...........................................4 ^ 8
Mid dle to wn , Ohio, W a t e r ................................ 5s
Co rsi c an a, T e x a s , S e w e r ..................................5 m
A st or ia , Oregon. (Gold), W a t e r ..............
5*
L a u r e l , M d „ St re e t Im p r o v e m e n t ............... 5 s

N E W LO A N S
M UNICIPAL

Notice is hereby given that sealed proposals will be
received at the Office of the Public Schools, Indian­
apolis, Indiana, by the Board of School Commission­
ers, until 12 o’clock noon, on June 24, 1896, for a
temporary loan of One Hundred and Forty Thous­
and Dollars ($140,000). Said loan to be furnished on
the first day o f July, 1896. Notes therefor to be
dated July 1, 1896, and payable January 31, 1897.
Proposals for the whole amount or for any part there­
of will be considered. The right is reserved to reject
any or all bids. Envelopes must be marked “ Pro­
posals for Loan,” and addressed to the Board of
School Commissioners, Indianapolis, Ind.
B Y ORDER OF T H E BOARD.

MUNICIPAL

71,000
151,000
151,000
151,000
80.000
71,000

JLISTS

sen t upon a p p l ic a t io n

Chicago, 111,, I m p r o v e m e n t ............................. 6s
Sh«r<»an, T e x a s , F u n d i n g .. ...................... . . . 6 s
Burlin gton , W i s . , S c h o o l..................................5 s
W a t s e k a , 111., Sc h o o l..........................................5s
Muscatine, I o w a , I m p r o v e m e n t .................. 6s
Sh ul lsb urg , W i s . , W a t e r ..................................5 s
Fo nda , low'd. W a t e r ........................................... 6s
A l t a , I o w a , W a t e r ................................................6s
S ta te o f S o u t h D a k o t a R e v e n u e ....................6s
FO R SALE B Y

M A S O N , L E W IS & CO.,
31 s t a l e s t . ,
BOSTON,

BAN KERS,
171 L a S a l le St..
CH ICAGO.

4 p. c. VVater Bonds.
L e g a l In v e s tm e n t fo r N ew Y o rk
S a v in g s B a n k s .
Price and P a r t i c u l a r s upon ap p li c at i on .

F a rso n , Leach
2

WALL

B enw ell

&

C o .,

STREET.

&

E v e r it t ,

"tchermerhorn B u ild in g,

6 WALJL ST,

M U N IC IP A L ISSUES IN T H E S T A T E S OF

N E W

Y O R K

& N E W

A SPECIALTY

JE R S E Y

THE CHRONICLE.

J cse 20, 1896.]

S p r i n g f i e l d , M a s s .— B id s R e je c te d .— E . T . T itlt, C ity T re a s ­
urer, r e p o r ts to th e C h r o n i c l e th a t o n ly fiv e bid s w e r e re ­
c e iv e d o n J u n e 17, 1896, f o r d is c o u n t in g t h e C ity o f S p rin g fie ld n o te f o r $240,000, a n d as a ll w e r e a b o v e th e r e c e n t m a rk et
ra te fo r s u c h lo a n s th e F in a n c e C o m m it te e v o te d to r e je c t
th em . T h e n o te w ill be d a te d J u n e 20, 1896, a n d p a y a b le
N o v e m b e r 6, 1896, w it h o u t g r a c e .

R ic h m o n d H i l l . N. Y.— B o n d O ffe r in g .— P r o p o s a ls w ill be
r e c e iv e d u n til 5 o ’c l o c k p. M ., J u n e 25, b y A l r i c k H . M an, at
N o . 56 W a ll S tre e t, N e w Y o r k , o r u n til 8 o ’ c l o c k P. m ., J u n e 25,
1896, at th e o ffic e o f th e V illa g e T r u ste e s, R ic h m o n d H ill, f o r
th e p u rch a se o f $50,010 o f 4 p e r c e n t c o u p o n o r re g is te r e d
b o n d s , th e lo a n to b e issu e d f o r th e p u rp o se o f m a c a d a m iz in g
th e v illa g e stre e ts. T h e s e c u r itie s w ill b e d a te d J u ly 1, 1896,
in te r e s t w ill b e p a y a b le s e m i-a n n u a lly o n J a n u a r r 1 a n d J u ly
1, a n d th e p r in c ip a l w ill m a t u r e a t th e ra te o f $5,000 y e a r ly
f r o m J u ly 1, 1926, to J u l y 1, 1935, in c lu s iv e , b o t h p r in c ip a l
a n d in te re st to b e p a y a b le in g o ld . T h e b o n d s w ill b e d e liv e r e d
a t th e o ffic e o f th e R e a l E sta te T r u s t C o m p a n y , N o . 30 N assau
S tr e e t, N e w Y o r k , o n J u ly 1, 1896.

U t a h .— B o n d S a le .— O n J u n e 2 ,1 8 9 8 , the S ta te o f U t a h so ld
$200,000 o f 4 p e r c e n t fu u d in g b o n d s to th e M essrs. E i w a r d
C. J o n e s C o. o f N e w Y o r k . T h e se cu ritie s are d a te d J u ly 1,
’ 896, in te r e s t w ill be p a y a b le s e m i-a n n u a lly , a n d t h e p r in c i­
p a l w ill m a tu r e J u ly 1, 1916, b o th p r in c ip a l a n d in te re st to be
p a y a b le in g o ld .
A m o n g o t h e r b id s r e c e iv e d f o r th e lo a n w e r e th e fo llo w in g ;

R o m e , N. Y .— B o n d S a le .— O n J u n e 15, 1896, th e c it y o f
R o m e so ld $10,000 o f 4 p e r c e n t c i t y h a ll b o n d s f o r $10,131 50
a n d $8,300 o f 4 p e r c e n t r e lie f b o n d s f o r $8,525. S ix t e e n b id s
in all w e r e r e c e iv e d f o r th e se c u r itie s , a n d b o th lo a n s w e r e
a w a r d e d t o th e O n e id a C o u n t y S a v in g s B a n k . In te r e s t is p a y ­
a b le s e m i-a n n u a lly o n J a n u a r y 1 a n d J u ly 1, at th e F a rm e rs ’
N a tio n a l B a n k o f R o m e , th e c i t y h a ll b o n d s m a t u r in g at th e
ra te o f $1,000 y e a r ly f r o m J a n u a r y 1, 1897, t o J a n u a r y 1,1906,
a n d th e r e lie f b o n d s o n J a n u a r y 1, 1900, $1,500 b e in g o p tio n a l
a ft e r J a n u a r y 1 ,1 8 9 9 ; $ 1 ,5 '0 a ft e r J a n u a r y 1 ,1 89 8 ; $1,500 a fte r
J u ly 1, 1897, a n d 2,000 a ft e r J a n u a r y 1, 1897.

B id .

K lejbolte & Co., Cincinnati................................................................ 103 563
Farson, Leach & Co., New Y ork City....................... .......................103 55
E. H. Gay & Co., Boston ................................................................... 103-053
Blair & Co............................................................................................... 102-81
W. J. Hayes & Sons ............................................ ................................. 102-50
Hollister & B ib o o o k ...................
101-756
Street, Wykes <& C o.............................................................................. 101-29

Vicksburg. Mich.— N e w s I t e m .— B id s w e r e a sk e d u n til
J u n e 15, 1896, fo r th e p u r ch a s e o f $12,000 o f 5 p e r c e n t w a t e r ­
w o r k s b o n d s a n d $3,500 o f e le c t r ic -lig h t b o n d s o f V ic k s b u r g ,
bu t F . A . R o b in s o n , V illa g e C le r k , re p o r ts to th e C h r o n i c l e
th at the s e c u r itie s w e r e n o t s o ld o n a c c o u n t o f a n in ju n c t io n
h a v in g b een s e r v e d . T h e m a tte r is n o w in th e c o u r ts .
W e s t C h ic a g o , III. — B o n d O ffer in g . -P r o p o s a ls w ill b e r e ­
c e iv e d u n til 4 o ’c l o c k p . M. J u n e 23, 1896, b y th e W e s t C h i­
c a g o P a r k C o m m is s io n e rs fo r the p u rch a se o f $350,000 o f 5
p e r c e n t bon ds* w it h a c c r u e d in terest f r o m J a n . 1, 1896, to
d a te o f d e liv e r y , as m a y be d e sire d b y th e b id d e rs. T h e
se cu ritie s a re d a te d J u ly 1, 1895, in te re st w ill b e p a y a b le
se m i-a n n u a lly , a n d th e p r in c ip a l w ill m a tu r e J u ly 1, 1915,
w ith a n o p tio n o f c a ll a ft e r J u ly 1, 1900, b o th p r in c ip a l a n d
in terest to b e p a y a b le at th e o ffice o f th e W e s t C h ic a g o P a r k
C o m m issio n e rs .
T h e t o w n o f W e s t C h ic a g o is p a r t o f
th e c it y o f C h ic a g o , a n d c o n t a in s a p o p u la t io n , a c c o r d in g to
lo c a l fig u r e s, o f 715,000. Its assessed v a lu a tio n in 1895 w as
$61,333,255.

S a le m . O h i o .— B o n d S a le .— O n J u n e 17, 1896, th e c it y o f
S a le m s o ld $60,000 o f 5 p e r c e n t s c h o o l b o n d s to W il lia m G .
M c C u llo u g h f o r $64,118. T t e s e cu r itie s a re d a te d J u n e 15,
1896, in te re st w ill b e p a y a b le s e m i-a n n u a lly o n J u n e 15 and
D e c e m b e r 15, a n d th e p r in c ip a l w ill m a tu r e at th e rate o f
$3,000 yearly fr o m J u n e 15, 1901, to J u n e 15, 1920, b o th
inclusive. E le v e n b id s w e r e r e c e iv e d f o r th e lo a n .
S a n L u is O b is p o , C a l.— B o n d O f f e r i n g . — P r o p o s a ls w ill b e
r e c e iv e d b y th e B o a rd o f T r u ste e s o f S i n L u is O b is p o f o r th e
p u rch a se o f $34,500 o f 5 p e r c e n t c o u p o n s e w e r b o n d s . In terest w ill be p a y a b le a n n u a lly o n F e b ru a a v 1, a n d t h e p r in c ip a l
w ill m a tu re a t th e rate o f $862 50 y e a r ly fr o m F e b r u a r y 1,
1897. t o F e b r u a r y 1, 1936, b o th p r in c ip a l a n d in te re st to b e
p a y a b le in g o ld c o in a t th e o ffic e o f th e C it y T re a su re r.

N E W LOANS.

N E W LOANS

N E W LOANS
GOLD

BONDS.

We own and offer the fo llo w ing
bonds, payable princip al and interest
In GOLD.
City of Pawtucket, R. I ............................. o s
City of Holyoke, Mass............................4s
T o w n o f N e w p o r t , V t .............................

C. H. White & Co.,
7‘J B R O A D W A Y . M E W

YORK.

S3 O TATB » T ., BOSTON. M A SS.

S E N D F O R Z .IS X

UTAH

35

JLISTS ON APPLICATION1

M ills

&

B lanchard ,

BANKERS.

BOUGHT AND SOLD.

E D W D . C. J O N E S CO.,
80 B R O A D W A Y .
N EW YORK.

Devon all ire

16 S ta te

W ALL

PH ILADELPH IA.

STREET

M ass.

STREET,

Cable A ddreas “ K E X N E T H ”

B A N K E R S AND B R O K E R S ,

02 B R O A D W A Y , N E W Y O R K ;
STOCKS. BONDS AND HIGH-GRADE
IN V E8TM ENT SECURJ TIES.
Circular Letter, including list of selected Bonds,
Mailed Free.

MORTGAGE LOANS
IN
TEXAS.

BONDS.
■2 W A L L

Street Railway Bonds, and other high-grade In­
vestments.
BOSTON, MASS.,
C lev ela n d , O h io,
« Exchange Place.
3 1 1 -3 1 3 S u p e r io r St

Int ere st 7 P e r Cent Net.

NO COMMISSIONS charged borrower or lender
until loans have proven good.

NEW

YORK.

F R A N C I S S M I T H «& C O ,
SA N A N T O N I O . T E X A S

BANKERS

THE

B o sto n ,

MUNICIPAL

Bought and Sold.

-

S tr e e t,

BAN KERS,

D E A L E R S IN M U N I C I P A L B O N D S '

C. H. Van Buren 6c Co.,

Hu il diner,

WSANN& SCHLESINGER

GOVERNMENT and
MUNICIPAL BONDS
N W. H A R R I S & CO.,

CONGRESS S T R E E T , - BOSTON.
1 0 9 Superior Street, Cleveland, O.

W. J. Hayes & Sons,
MUNICIPAL BONDS

LEGAL COB NEW YORK SAVINGS BANKS.
PRICK ON APPLICATION.
TOR SALE BY

City and County Bonds.
D I E T Z , D E N IS O N & PRIOR,

B A T r.u J t 'i .v l, isoa.

13 W *1.1. S T R E E T .

BONDS.

Municipal and First Mortgage
Railroad Bonds.

Gold 4 * 2 0 - v ear Bonds.

BOSTON.

C IT Y & R A IL R O A D

SAFE INVESTMENTS.

!$ J O O ,t l O O

CHICAGO.

STATE

B U Y AND S E L L

E. H. R O L L I N S & S O N S ,

CHEST N I T STREET.
P U IL A D K J .fin v

BANKERS,

16 Congress Street, Boston.

BANKERS,

Aftftd to r fall description and price-*; also our June
Hat ot hlrb grade bond*.

OF

Blodget, Merritt & Co.,

-4 s

Town of Mendon, V t .............................. 4g
Old Colony KB ............................................... 4s
City of Los Angeles, Cal........ 4 l js Ac 5s
City of Fre*no, C al............................... os
County of Pierce, Wash..........................6*
County ef Bannock, Idaho....................6s
City of Halles. Ore................................. 6s
City of Great Falls, Moat.................. 6s

STATE

1153

N EW Y O R K .
JO U R N A L

[t**e yainabfe Information daily on stocks and bond
ear
h o w , J o s * * & Co., 44 Broad StrtCt

James N. Brown 6c Co.,
BANKERS
2 Ceda r .Street*

-

-

NEW

YORK.

MUNICIPAL, COUNTY, SCHOOL AND
TOWNSHIP BONDS

BOUGHT

AND

SOLD.

Ered. M. Smith,
70 SOUTH STREET,

lA U B U R N , N E W Y O R K .
MakeB specialty of Bank Stocks, Municipal and
Water Bonds and furnishes Solicited Informatl#

THE CHRONICLE.

1154

liusxmmcc.

fin a n c ia l.
W E O F F E R A LARGE,
developed, equipped and pro­
ducing Gold Mine, with excep­
tional natural advantages for the
economical mining and milling
with water sufficient to furnish
power. The ore is free milling,
averaging $8 per ton over the
plates and can be mined and
milled for less than $1.50 per
ton.
T h e mine has “ore in
sight” to the net value of many
times the price of the property.
The title to the property is per­
fect and free from debt and as­
sures to investors large and
continuous returns.
C orrespond ence in vited .

SALLE

New York Life
Insurance Company.

M ining D ep artm en t o f

STREET.

C H IC A G O

The Mutual Benefit

JAN U AR Y

1, 1 8 9 6 :

L I F E IN S U R A N C E C O ., N E W A R K , N. J .
A M Z I D O D D , P resident.
A ssets (M ark et V a lues) Jan. 1 , 189(5...........$58,2(59,197
L iabilities (N .J ..K .Y . and M rbs. S tand ard). 54,187,72-1
Surplus.................................................................. 4,081,472
POLICIES ABSO LU TELY N O N -FO RFBITABLE AFTER
SECOND Y E A R .
IN c a s e OP l a p s e th e P o licy is CONTINUED i n

as lon g as its va lu e will pay f o r : o r i f pre­
ferred a Cash or P a id -u p P o licy V a lu e is allow ed.
A f t e r t h e s e c o n d y e a r P olicies a r e I n c o n t e s t a b l e .
and all restriction* as to residence, travel or occupa­
tion are removed
T h e Com pany agrees in th e P o licy t o L o a n up to
th e Cash Surrender V alue w hen a sa tisfa ctory assign­
m en t o f th e P o licy is m ade as collateral security.

ASSETS,

-

-

$174,791,990 54

LIABILITIES

•

160,758,312 65

fo rce

L o s s e s p a id im m e d ia t e ly u p o n c o m p le t i o n a n d a p ­
proval o f p r o o f s ._______ ___________________________________

1 ss A g e n t s
W an te
by a F IR S T -C T jA S S C O M P A N Y .

f ib c l

d

L IB E R A L CON TRACTS.
lU N E X C E IiL E D P O L IC IE S .
IN C O R P O R A T E D

Union Mutual
Life InsuranceCompany
Portl and , M a in e .
A d d ress either:
E D S O N D . SC O F IE LD , Supt.,54 W illia m St.,N .Y .C ity
T H O R N T O N C H A SE ,Supt.,84 A dam s;St..C hica«o,U l

J. Spencer Turner,
J

SURPLUS,

INCOME,

-

.

•

$24,038,677 89

.

$37,892,265 56

* New Insurance Paid
for in 1895, • ■

$127,492,555 00

*Paid for Insurance

1848

in Force,

•

-

* N o p o licy or sum o f Insurance is included
In this statem ent o f n ew business or insurance
In fo rce e x ce p t where the first prem ium there
for, as provided in the contract, has been paid
to the Com pany in cash.

COTTON SAIL DUCK
A N D A L L K IN D S OF

O T T O N C A N V A S F E L T IN G D U C K ,
C A R C O V E R IN G B A G G IN G ,
R A V E N S D U C K , S A IL T W IN E , &C.,
P O P E “ A W N I N G ” ST R IP E S .

JO H N A. M cC A LL,

AGENT

P re s id e n t.

A fu ll supply, all W id th s and Colors, alw ays in
■took.

A N D R E W S

O F F I C E

DESKS.
A N D R E W S M A N U F A C T U R IN G CO.

H E N R Y TU C K ,
V ic e -P r e s id e n t.

B ank and Office F ittings. F ine Brass W o rk . Specia
designs on app lication.
SEND FOR CATALO G UE.

T6 F ift h A r e ., N e w Y o r k C l t i .

SECURE

BANK

VAULTS

Archibald H. Welch, 2d VIce-Pres’L
George W. Perkins, 3d Tice-Pres’t
Edward N. Gibbs, Treasurer.
Rufus W. Weeks, Actuary.
Hugh S. Thompson, Comptroller.

QENUINE

Charles C. Whitney, Secretary.

WELDED CHROME STEEL AND IRON
R ou n d “ ^ ^ a n d ^ P i a t e ^ m
Cannot b e Sawed, Cut or D rilled.' and
B u rg lar-P roof

CHROME

N IK K I.

a

A n g le ,.
positively

W ORKS,

K en t A v e., K eap & H o o p e r Sts..
Bole M a n T ’ers in the U. S. B R O O K L Y N , N . Y .

N e w Y o r k , January 21, 1896.
The Trustees, in con form ity w ith the Charter
o f the C om pany, subm it the follow in g state­
m ent o f its affairs on the 31st o f D ecem b er,
1895:
Prem ium s on M arine RiBks from
1st January, 1895, to 31st
Decem ber, 18 95 ......................... $2,622,872.42
Prem ium s on
P olicies n ot
m arked off 1st January, 1895 1,027,151.41
Total M arine P rem ium s............ $3,650,023.83
Premiums m arked o ff from 1st
January, 1895, to 31st D ecem ­
ber, 18 95..................................... $2,540,748.83
Dosses paid during the
same p eriod ...................$1,218,407.55
Returns o f Prem ium s
and E xpen ses............ $603,415.82
The C om pany has the follow in g Assets, via.:
U nited States and C ity o f N ew
Y ork Stock: C ity B anks and
other Stocks............................... $8,059,105.00
Loans secured b y Stooks and
o th e rw ise .................................... 1,216,500.00
R eal Estate and Claims due the
Company, estimated at........................................1,000,00
Prem ium Notes and B ills R e­
ceiva ble.......................................
896,431.88
Cash in B an k.................................
202,518.33

Six p ercen t Interest on the outstanding cer­
tificates o f profits w ill be p aid to the h old ers
thereof, or their legal representatives, on and
after Tuesday, the fou rth o f F ebruary next.
The outstanding certificates o f the issue o f
1890 w ill be redeem ed and paid to the holders
thereof, or their leg al representatives, on and
after Tuesday, the fou rth o f F ebruary next,
from w hich date all interest thereon w ill
cease. The certificates to be produced at the
tim e o f paym ent and canceled.

M A N U F A C T U R E R A N D D E A L E R IN

,______ 1 0 9 D u an e S treet, N ew Y o r k .______

I N S U R A N C E CO.

A m ou n t.................................... $11,374,560.11

B r i n c k e r l i o f f , T u r n e r & C o .,

CO.

T H IS

$799,027,329 00

1 SUCCESSOR TO

U N ITED S T A T E S .!B U N T IN G

OF

ATLANTIC M U TU A L

D E A L E R S IN M U N IC IP A L BO N DS,

I. A

insurance.

O F F IC E

iA. C. FR O S T & CO.,
108

[V ol . L x n .

A dividend o f F orty per cent is declared on
the net earned premiums o f the C om pany fo r
the year ending 31st D eoem ber, 1895, f o r
which certificates w ill b e issued on and after
Tuesday, the fifth o f M ay next.
B y order o f the B oard,
J . H . C H A P M A N , S ecreta ry .

TRUSTEES:
W. H. H. Moore,
Charles H. M arshall,
A. A. Raven,
CharlesiD. L everich,
Joseph H. Chapman, Edward F loyd-Jones,
Jam es L ow,
George H. M aoy,
Jam es G. De Forest,
Law rence Turnure,
W illiam D egroot,
W aldron P. B row n,
W illiam H. Webb,
A nson W . H ard.
H orace Gray,
Isaac B ell,
Christian de Thomsen, Joseph Agostini,
Charles P. Burdett,
V ernon H. B row n,
H en ry E. H aw ley,
Leander N. L ovell,
W illiam E. D odge,
E verett F razar,
George Bliss,
W illiam B. B oulton.
Joh n L. Biker,
George W. Quintard,
C. A. Hand,
P aul L, Thebaud,
John D. H ew lett,
John B. W oodw ard,
G ustav Am sinck,
George Coppell.
N. Denton Smith,
W. H. H. MOORE, President,
A . A . R AVEN, Vice-Preset.
F. A. PARSONS, 2d Vice-Pres't.