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HUNT’ S MERCHANTS’ MAGAZINE,
^
g^ w m pap er,
REPRESENTING THE IN D U STRIAL AND COMMERCIAL INTERESTS OF TH E UNITED STATES.
i E n t e r e d a c c o r d i n g t o A c t o f C o n g r e s s , i n tlie year 1896, b y the W i l l i a m B. D a n a C o m p an t , in the office o f t h e Librarian o f Congress.]
V O L . 62.
S A T U R D A Y , J U N E 27, 1896.
% h t
Week ending June 20.
M x x o n itIt.
Clearings at—
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A nnual Subscription in L ondon (including p o sta g e )___ £ 2 10s.
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to every annual subscriber o f the Com m ercial and F inancial
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Terms of Advertising—{P er inch space).
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O i t Mouth
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W I L L U .n H . D A N A C O M P A N Y , P u b lis h e r * ,
P la c S tr e e t, C o r n e r o f P e a r l S tre e t,
F »*T OrriOE B o x 958.
NEW YORK.
C LE A RIN G HOUSE RETURNS,
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses
of the United States for the week ending to-day, June 27,
have been $909,014,678. against $1,023,083,399 last week and
$1,033,454,813 the corresponding week o f last year.
Wt4k Minding June 27.
CL1AHINOB.
Return* by Telegraph,
1896.
1895.
N O . 1 ,6 1 8 ? "
1896.
1895.
N ew Y o r k ................
P h ila d e lp h ia ...........
P itts b u r g ................ .
B a lt im o r e ........... .
B u ffa lo .......................
W a s h in g t o n ........ .
R o c h e s te r .............
S y r a c u s e ..................
S cra n ton — . . . . . . . . .
W ilm in g to n .............
B in g h a m to n ............
T o ta l M id d le .
596.778,010
65.577,892
14,157.159
13,165.093
4,670,784
1.987,551
1.466.502
1,071,705
794,599
644,256
286,700
700.600,201
814,812,945
78,572,800
15,419,985
14,013,727
4,085,042
1,877,223
1.511,843
1.199,561
778,019
096,349
446,100
788,413,582
B o s t o n . .. . ..........
P r o v id e n c e ,....
H a r t f o r d . .. . . . .
N ew H a v e n .....
S prin gfield........
W o r c e s te r .........
P o r t la n d ............
F all R iv e r .........
L o w e l l ...............
N ew B e d fo r d ...
T o ta l N ew E n g ...
81.552,054
4,855,900
2,351,157
1.356,652
1,264,053
1,413,951
1,286,533
748,705
594,600
464,753
95,783,418
83.329,810
5,758.700
2,088.694
1,356,505
1,403,233
1,355,205
1.183,003
711,609
687,224
404.442
98,278,585
C h icago............... .
C in cin n a ti...............
D e t r o i t .. . . . . . . . . . . .
C le v e la n d .. . . . . . . . .
M ilw a u k e e ........ .
C o lu m b u s . . . . . . . . . .
In dian ap olis . . . . . . .
P e o r ia ....... ...............
T o l e d o . .. ..................
G rand R a p id s ......
L e x iu g t o n ......... . . . .
K a la m a z o o .............
A k r o n ... . . . . . . . . . . . .
Bay C i t y . . . . . . ....... .
R o c k fo r d ..................
Springfield, O h io ...
C a n t o n . . . . . . . . . .......
D a y to n * ......... . ••
T o t. M id. W e s t’ n-
87,722.931
11,647,050
5,798,815
6,551,053
4,421.912
3,748,700
2.042,342
1.453,055
1,278.836
780.000
262,997
290,480
266.000
252,181
214.056
189,915
190,451
598,681
127,708.444
89,887,258
13,841,800
6,870,911
6.132,957
4,764,650
3,546,300
1.320,883
LS89.888
1,471,445
791,104
265.235
286,850
278,114
345,707
172,650
194.236
187,304
131,237,278
12,962,521
1,600.953
978.517
989 457
574.925
440.000
707,352
393,422
205,400
88,678
I9.0ul.225
11.513,668
1,1.21,400
1.087,674
1,043,588
590,476
604.843
421.909
384,524
128,330
57,886
10,900,278
9,352.052
6,237,765
4,494.34 0
4,704,978
2,303,632
1,092,419
899,702
468,090
274,293
440,871
334.419
52,720
70,397
30,725,587
9,535,343
6,723,820
3,033.28e
4.617,440
2,958,28s
1,157,055
933,368
422.979
311,030
466,618
533,165
64,353
60,490
30,828,100
22,706,915
6.894.389
5,378,90!
1,049,850
1.514,640
1,359,839
2,13+549
1,479,814
930,197
065.704
779.360
845,878
350.705
635,650
475,000
361.510
304,533
278,764
198,250
411.10'
49,280,521
21,040,680
7,871,773
6.244,228
1,795-770
1,985.496
1,510,145
2,280,721
l,29t,G52
1,088,340
3,037,411
700,166
938,534
475,326
594,829
400,000
460,803
309.018
204,009
231,258
San F r a n c is c o ....
Salt L a k e C it y ....
P o r tla n d .............. .
L o s A n g e le s ......
H e l e n a .. .. ........ . .
T a c o m a .................
S e a ttle.............. .
S p o k a n e .............
F a rg o ......... ......... .
S io u x F a lls ..........
Total Pacific...,
Per Cent.
N e w T o r n ..................... ...............
B a rt o n ............... — . . . . . . . . . . . .
P h iladelph ia.—
B a ltim o re ............... .
C iic a g o
S t , L o o t s . . . . . . . . . _____ _____ *
S ew O r le a n s .................. . . .........
$41 2,31 0,5 96
67,477,016
50,950,210
10,869,014
68.812,620
19.102,480
5,133,551
$ 4 0 4,88 8,0 13
78,804,223
83,090,110
10,313,283
71,806,848
19,145,950
5,846,818
—11*2
-1 4 * 4
-1 9 * 2
+5*4
—4*3
—15*8
-1 2 * 2
S e v e n c it ie s , 5 h a y s -------O th e r c it ie s , S d a y s ............—
$03 1,71 5,4 87
121*019,263
$ 7 1 3,45 5,2 43
120 ,023 ,27 6
-1 1 * 5
+01
T o t a l a l l c ities * 5 d a y s . . . .
A i l c it ie s . 1 d a y . - . —. . . . - . . - . . .
$75 2,73 4,7 50
158,279,928
$ 3 3 4,37 8,5 19
198 ,076 ,29 6
-9 * 9
-2 1 * 1
T o t a l a lt c it ie s t o r w e e k -
$90 9,01 4,6 78
$1,032,454 ,815
-1 2 * 0
K ansas C i t y . .. .. ..
M in n e a p o lis...........
O m a h a ....................
St, P a u l..................
D e n v e r ...................
St. Joseph . . . . . . . . .
D es M o in e s ..........
S io u x C ity ...............
Lincoln ...........
W i c h it a ... . . . . . . . . . .
T op ek a. ...................
F r e m o n t ..................
H a s tin g s ...................
T o t. o t h e r W est.
St. L o u i s . . . . . . . . . . . .
N ew O rleans..........
L o u is v ille ,...............
G a lve sto n .........
H o u s t o n ................
S a v a n n a h .... . . . . . .
R ic h m o n d ..,. . . . .
M e m p h i s ............. .
A t l a n t a ............
The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot,
Dallas................
of course, furnish them to-day, bank clearings being made N
a sh ville.. --------up by the various clearing houses at noon on Saturday, and N o rfo lk .................... .
a c o — ...................
hence in the ab ive the last twenty-four hours of the week W
F ort W o r t h .... . . . . .
have to be in all cases estimated, as we go to press Friday night. A u g u s t a .. .. . .. ........
B
irm
............
Our usual detailed figures for the previous week, covering L ittleinRgham
o c k ..............
the returns for the period ending with Saturday noon, June J a c k s o n v il l e ........
atta n ooga.......... .
20, are given below, and we also present the results for the CKhnoxviU
e* ..............
corresponding week in 1895,1894 and 1893. In comparison
T o ta l S o u th e rn .,
with the preceding week there is an excess in the aggregate
T o ta l a ll .............. 1,023.083,399
exchanges of about seventy million dollars, but at New York
428.235,389
O utside N. Y ork,
aione the increase is sixty-nine and three-quarter mil
lions. Contrasted with the week of 1895 the total for
the whole country shows a decline of 3'G per cent. Compared Montreal....,.......
10,422,289
6,155.452
with Die week of 1894 the current returns record a gain of T o r o n t o . .................
1,103,271
a li f a x ............. .
28*7 per cent and the increase over 1893 is 3*7 per cent. Out H
955,903
W in n ip e g ........ ........
651 848
side of New York the decrease from 1893 is 4-5 per cent. H am ilton . .. . . . . .
19,288,763
T o ta l C anada— .
The excess over 1894 reaches 12*4 per cent, and making com
* N o t in clu d ed in to ta ls .
parison with 1993 the gain is seen to be 1*4 per cent.
50,532,464
1,061,250,297
1896.
P. Cent.
-2 * 9
-10*5
-8 * 3
-6*1
+8*0
+14*3
-3 * 0
-2*3
+2*1
—7*5
—35*7
-4*6
-2*1
-15*7
+7*8
+0*01
-9*9
+4*3
+8-7
+5*2
-1 3 5
+14*9
-2 * 5
- 2 ’4
-15*8
—1*2
+6*8
-7 * 0
+5*7
+54*6
-22*0
-1 S T
—1*4
-0 * 9
+1*3
—4*4
—27*1
+24*0
-2*2
-IT
-2*7
+12*6
+42*8
—10*0
-5*2
-3*6
—27*3
+81*9
+ 2 '3
+60*1
-h-53'2
+ 12*0
-1 * 9
-7*3
+48*2
+1*9
-22*1
—14*8
—3*0
+ 10*7
-11*8
-5*5
-37*3
-18*1
+16*4
—0*3
+3*6
—6*0
-8*1
-23*7
-10*0
-0*2
-13*8
+14*7
—14*4
-6*9
+11*3
-9*9
-26*2
+6*9
+1**8
1893.
428,835,623
56,888,729
13,782,247
11,214,273
3,680,628
1,676,512
1,215,702
934,864
826.270
632,744
313,600
518,431,242
925,215
255,100
671,037,871 !
72,118,167
4,511,800
1.622,734
1.255,952
1,224,014
1,164.870
L3 85,474
644,077
027,408
331,819
84,686,915
90,799,429
5,067,200
1.895,931;
1,388,652,
1,156.808
1,418 825
1,119.939
819,659
662,796
358.508
104,687.947
80.152,019
11,786,350
5.136,150
4,433,937
4,498,084
3,008,400
1. J20.949
1.539,950
78,801,980
11,768,400
5,246,835
6.392,841
5,287.417
2,837,300
1,559,858
1,601,500
762.328
267.000
253.328
187.217
299,888
175,382
142.000
150,085
854.186
255,254
171,987
255.070
150,000
181,884
150,197
118,074,007
114.075,309
10,313,237
1,011,369
852,976
718,803
615,191
401,000
517,949
182,798
104,937
118.626
14,797,474
11,224,772
1,232,732
1,421.529
850,000
916.890
620.207
715,934
252,268
17,369,359
8,106,979
5,736,909
5.017.672
4,170,0(38
2,449,126
1.255,713
950,280
576 541
325,174
269 339
508,058
134,706
77,800
29,643,367
8,738,049
4,650,665
5.652,361
4,100,011
4,660,080
1,500,000
752.943
559.687
347.214
491.770
401,338
64,246
80,000
31,988,314
20,035,188
6,438,213
4,774.330
1.577,742
1,802,0' 0
1,531.569
2.208,252
1,374,042
785,046
946,373
749,989
843,580
540,000
827,220
21.152,373
6,714,110
5,331,941
566.202,079 1
68,533,152
13,694,454 i
13,465,987 j
3,631,045 !
1,795,338]
1,541,224 !
994,207 j
j 44,967
ijitioff
1,121,025
2,100,000
899,730
975.352
932,817
814,028
809,509
388,960
590.000
—23*7
-1*4
308.318
350,193
-14*2
334,827
185,095
400.000
274,061
+6*6
-2*6
46,861,784
40,687,534
807,494,789
986,446,834
379.169,100
420,224,255
—21*2
-3 * 2
-21*2
+15*3
-10*8
10,012,990
5,000,000
980,014
800,000
10,650.009
5,884,299
1,080,455
-14*4
17.394.264
-3*6
446,437,352
13,220,494
6,361,280
1,400,020
829,341
730,934
22,542,075
1894.
001,200
767,061
18,337,914
1156
THE CHRONICLE.
[VOL. L X II,
so uniformly promising. Of course there are local
exceptions,
the
most
notable
of
which is
The New York State Democratic Convention has spring-wheat in the Red River district, where
been held this week at Saratoga and ha3 adopted a the product will not nearly equal last year's
strong gold money platform, with an addendum in favor yield. Indeed, it is hardly to be expected that
of international bi-metallism, to which end it asserts the average product per acre of spring wheat this year
“ all our efforts as a Government and as a people should will come up to the unusual average of last year— two
be in good faith directed;” but until such co-operation phenomenal seasons very seldom follow one another.
for bi-metallism can be secured the Convention pro But other than that and taking the crops as a whole,
nounced in favor of “ the rigid maintenance of the that is the greater and lesser farm products in the
present gold standard as essential to the pres East as well as in the West, and in the South as well as
ervation of our national credit, the redemp in the North— taken together all of them will be found
tion of our public pledges,” etc.
This course to share in an uncommon degree in this promise.
Another favorable feature is the small extent of thewith reference to bi-metallism wa3 adopted at the sug gestion, and we may say also under the leadership, of gold exports. To be sure there has been an outflow reach
Mr. Whitney, in the hope of inducing the party at its ing $1,650,000 during the week, but $700,000 of the to
Convention in Chicago, July 7, to give up the idea of tal was to Canada. That relatively light movement has
free-silver coinage by the United States alone, and make been the result of easier foreign exchange noted last
a declaration similar to the New York platform, with a week, and is in part due to the unequivocal action of
sound money man as the nominee. There can be no the Republican Convention at St. Louis respecting cur
doubt, if the result could be as Mr. Whitney desires, rency matters. Another influence leading to lower
that it would have a wholesome efEect on all business rates for exchange has been the offering by Kuhn,
interests. In that case the two great parties of the Loeb & Co. of bills against the Anaconda mine
country would be on safe ground and Populism at the deal, a considerable amount of which are said to have
coming election could be counted out. It is to be said, been disposed of during the past four or five days.
however, that the character of the Democratic con They met a demand comparatively moderate and hence
ventions in other States than New York this week does the tone of the market grew easier at a reduction of
one quarter of a cent in sterling rates for actual busi
not encourage the hope.
We must in truth go still further than that to ness. Yesterday rates were firmer again, possibly in
express our real opinion, for it seems to us utterly part a result of a reported advance in London on Mon
impossible that a sound money platform, even with an day of the price of bar gold from, 77 shillings 9| pence
international bi-metallic attachment, can come out of to 77 shillings 9J pence. The cable aLo reports a
the Chicago Convention. We are conscious that these demand for the metal for Germany and France.
The “ Railroad Gazette” of this city has compiled
free-silver declarations show as suicidal a propensity as
if the conventions at which they were made had voted its usual semi-annual statement of new railroad con
unanimously that each delegate commit self-murder, struction, and finds that the record for the first six
and also that they indicate extreme confusion in months of 1896 is much the same as for last year and
or suspension of the mental or moral facu lty; yet the year before— that is, very small. Tni3 is of course
the restoration to
health of mind and body what every one was prepared to see, and any other re
necessary to produce such sensible action as Mr. sult was out of the question. Neither the financial
Whitney proposes would be so sudden and absolute conditions, the political conditions nor the railroad con
as to need almost miraculous power
to bring ditions were favorable, andhence there was little in lu ceit about.
To-day the pledged free-silver vote is ment to provide new mileage. Tne “ Gazotte's” fig
said to reach nearly two-thirds of the Conven ures show a total of 717 miles of new track laid in the
tion and a large
portion of it has been ap half-year. Of this total 140 miles have been contributed
pointed in gatherings affected by a
kind of by the Kansas City Pittsburg & Gulf, as part
frenzied
hate
towards every one disagreeing of a new route to the Gulf, and 55 miles have
with the assembled delegates. We are consequently been built by the San Francisco & San Joaquin
glad the movement to change these hawks into turtle Valley road in California. Deducting these, there is
doves is in the hands of men more sanguine than we left a remainder of only a little over five hundred
are. At the same time, we are sure that in a majority miles, scattered over the country. In a word, the new
of these cases the vote next November in favor of free mileage consists mainly of small pieces of road. In
silver will disclose a following so small a3 to be utterly quite a number of States not a mile of new track has
out of proportion to the noise lately made and the wile been added. As against the 717 miles of road built the
talk being indulged in to-day. We have good grounds present year, the amount last year, according to the
for this opinion. There is no more “ hollering” now records of the “ Gazette,” was 620 miles and in 1894
than there has been many a time before, when the 495 miles. In 1893, however, the addition was over a
ultimate facts left a precipitate scarcely discoverable. thousand miles and in 1890 over two thousand miles.
But that is not the chief ground of our belief; it is The “ Gazette” well says that there are no substantial
based on information received by us, and based also on signs that any large relative increase is to be expected
the knowledge of the average intelligence and honesty in the near future.
of our people, which has always heretofore been a safe
The anthracite coal trade is evidently in very good
reliance.
condition. The Philadelphia & Reading this week
Excepting this political unrest the conditions so far announced a further advance of 25 cents a ton in the
as there have been any changes have been favorable. selling prices of coal at tidewater, and the other com
Crops are still developing satisfactorily.
What we panies have determined to make the same advance.
have said in that respect on a previous occasion we The distinguishing and the significant feature about
can repeat now—that there has seldom been a year the advances the present year is that they are not
when in all sections of the country the situation was nominal but real, and that the companies are enforo-
THE FINANCIAL SITUATION.
J une 27, 189o.j
THE CHRONICLE.
ing them, no new business being taken at any except
the higher prices after the date fixed for their going
into effect. Formerly a new schedule was no sooner
promulgated than the sales agents began to cut
under it. But the experience of last year, when
practically all the companies mined coal at a
loss, taught the managers a lesson which they have
fortunately heeded. The trouble wa3 chiefly that they
had been mining a great deal more coal than they could
possibly dispose of. This year they have pursued a
totally different policy and have limited the output to
the requirements of the trade. It is rather instructive,
too, to see what a small amount of restriction, compar
atively, was found'necessary when the companies began
to enforce the restrictive policy in good faith. Reports
had it at one time that the output had been
curtailed nearly fifty per cent as compared with last
year. The official monthly returns are still being
withheld, but the “ E lgineering and Mining Journal ’
last Saturday published a statement, apparently au
thentic, which made the output for the five months
ending May 31st 15,584,153 ton3 in 1896, against 16,789,262 tons in 1895. A statement has also been
printed in the “ Coal Trade Journal,” and this would
appear to make the present year’s product a million
tons less, or only 14,584,453 tons. Tne decrease in
either case is very considerable, but even taking it at
its largest figure the contraction is not quite 14 per
cent instead of 50 per ce n t; and this too is in com
parison with the very heavy totals of last year, when the
companies were mining coal regardless of conse
quences. If we go back to 1894 we find a product
then of 14,281,177 tons, and as compared with that
year there is an increase the present year whether
the correct figures be 14,584,45S tons or 15,5S4,458
tons.
Very naturally with the shipments of coal much less
this year than last year the anthracite coal companies
make poor exhibits in their monthly statements of
earnings. We may suppose, however, that the benefits
of the new policy will appear in the returns the second
half of the year. The Central of New Jersey has
issued its report for May this week, and shows
$95,582 decrease in gross and $115,485 decrease in
net. The Reading for the same month reports $141,559
decrease in gross and $125,535 decrease in net in
the operations of the Railroad Company and $179,925
increase in gross and $51,599 decrease in net in the
operations of the Coal & Iron Company. The Summit
Branch and Lykena Valley—coal companies controlled
by the Pennsylvania— 3how, combined, on their mining
business $4,968 increase in gross but $19,332 decrease
in net.
Tne New York Susquehanna & Western
has $19,865 increase in gross and $41,187 increass in
net.
Among other companies which have this week sub
milted statements for May, the Cleveland Cincinnati
Chicago & St. Loui3 has $129,958 decrease in gross,
$55,346 decrease in net; the Baltimore & Ohio South
western $20,073 decrease in gross, $15,252 decrease in
net; the Northern Central $16,038 decrease in gross,
$37,823 decrease in net; the Allegheny Valley $17,883
decrease in gross, $19,490 decrease in net; the San
Antonio & Aransas Pass $3,449 increase in gross and
$6,821 increase in n et; the Georgia Railroad $876
increase in gross, $14,760 increase in net; and the
Southern Railway $39,824 decrease in gross but $39,010
increase in net. The following furnishes a comparison
for four years of the M ly figures for a number of roads-
T s90.
$
198,718
Net
74,733
Balt. & Ohio Southwestern. Gross
161,946
112,080
Net
Central of New Jersey. ..Gross
988 383
Net
318,958
Clev. Cin. Ch. & St. Louis.... Gross 1,051,579
Net
211,523
Peoria & Eastern.......... .
110.716
Net
25.260
Georgia...............................
81,210
Net
6,733
190.993
N. Y. Susq. & Western.......
87,512
Net
Northern Central..............
198,303
Net
91,718
Philadelphia & Reading.....Gross 1,587,570
Net
621,073
Coal & Iron Co................... .Gross 1.952,901
Net def.57,820
San. Ant. & Arans. Pass... .Gross
127,632
Net
10,798
Southern Railway.............
1,351.183
212,292
Net
Vame of Road—
Allegheny Valley..............
1157
------- Alay Earninjs.—
1895.
1891.
1893.
S
S
$
210,001
135,392
210,847
94,227
32,611
105,900
182,019
153,801
510,112
157,332
139,711
153,395
1,083,905
1,009,410
1,203,909
429,111
309,516
495,303
1,181,587
1,020,081
1,184,755
298,809
290,179
308,000
180,320
110,061
142,108
10.887 def.11.590
3,076
83.301
80,955
69,247
def.8,027
1,299
3,627
185,990
171,128
10,325
ei.226
514,311
128,163
810,295
132,571
91,904
217,677
1,729.129
1,828,230
1,961,059
749,008
070,946
802,187
1,772,976
2.186,837
2,051,637
def.6,221 def.lll.950 def.37,833
124,183
142,518
104,212
3,977
def.3,959 def.5,213
1,394,007
1,298,867
1,511,135
203,282
160,202
269,190
Money on call representing bankers’ balances has
been in abundant supply at the Stock Exchange this
week, and loans have generally been made at I f per
cent with some at 2, and the average for the week has
been about If. Banks and trust companies quote 2
per cent as the minimum and they refuse to loan
below that figure. Very little is doing in time con
tracts except for the longest dates and there is not
much demand, though some inquiry is noted for
thirty days, during which it is expected there will be a
lighter supply because of preparations for the semi
annual settlements. Rates are 3 per cent for thirty to
sixty days, 3 f per cent for ninety days to four
months and 4 per cent for five to six months, with a
few transactions at the same rate for seven months.
There is a lighter demand for commercial paper. The
Eastern banks are entirely out of the market as buyers
because they are, as a rule, doing their best to carrymanufacturers in their localities, and they are fully
loaned up. The commission houses here have made
liberal advances from time to time, but they now are
unable further to accommodate the mill owners. Our
own bankers report some inquiry from their corres
pondents in the South and West. In the cases from
the West this inquiry i3 preliminary, and not due to
crop movements, as the wheat harvest will be
later than last year, and consequently it is not thought
that there will be much demand for re-discounts from
the West and Northwest until the middle of July.
The larger city banks are out of the market for paper,
a3 most of them have full lines, and they are antici
pating drafts from their correspondents in the interior.
At the moment a good business is done by some of the
banks in Eastern city paper, made in anticipation
of the collection of taxes in November, and this is
placed at 34@4 per cent.
The supply of commercial
paper is only moderate, as the majority of those who
usually make notes for sale are disposed to get
along without borrowing. Rates are firm, and
at no time thus far this year have they
reached as low a level as they did last season, and
from present indications there will be no material re
duction in the near future. Quotations are 4@4£ per
cent for sixty to ninety day endorsed bills receivable,
with very few transactions at the lower figure; 44@5
per cent for four months commission house and firstclass single names; 4£@5 per cent for prime and 54@P
per cent for good four to six months single names.
Early in the week there wa3 some little political t9n
sion in London caused by news of the arrest by the
Venezuelan authorities of Mr. Harrison, a Crown sur
veyor, who was surveying roads in the Uruan district.
Later the tension relaxed, and after Wednesday it
seemed to have entirely disappeared on the announce
ment that the English Government had decided to ask
' H58
THE CHRONICLE.
the good offices of this Government with Venez
uela for the release of Mr. Harrison. On Thurs
day the English Minister officially presented the
request at the State Department at Washington. Yes
terday the Venezuelan Minister at Washington received
a telegram from his Government announcing that Mr.
Harrison had been released by order of the Venezuelan
authorities. The Spanish Senate on Thursday rejected
by a vote of 86 to 44 the motion made by Sen
ator Comas on Monday, providing for an amend
ment to the royal address demanding that the protocol
of 1877 with the United States be denounced, in view
of the inequality of the rights of Spanish and Ameri
can citizens under present conditions. The only
feature of financial importance in the European situa
tion is that a Uruguayan 5 per cent loan for £1,667,000 is to be brought out in London at 71| per cent.
The Bank of England minimum rate of discount re
mains unchanged at 2 per cent. The cable reports dis
counts of sixty to ninety day bank bills in London f of
1 per cent. The open market rate at Paris is
I f per cent and at Berlin and Frankfort it is 2 f per
cent. According to our special cable from London the
Bank of England gained £77,084 bullion during the
week and held at the close of the week £49,156,277.
Our correspondent further advises us that the gain was
due to shipments to the interior in the net amount of
£19,000, to exports to Malta of £20,000 and to imports
of £116,000, of which £100,000 were from Australia and
£16,000 from Portugal.
The foreign exchange market, as already stated, has
been dull and easier this week. There have been but
few security bills offering, except those referred to above
offered by Kuhn, Loeb & Co. Those that have come
on the market have constituted about the only supply
which the market has had, the arbitrage houses having
sold instead of bought stocks for European account.
The demand was moderate, the usual current inquiry
and without special feature,but not sufficient to prevent
a fractional decline in rates for actual business. Bank
ers say that very few bills are offered against future
exports of cotton and that there is no disposition to
make speculative sales of exchange in anticipation
of covering with cotton bills later in the season.
The market opened on Monday easy in tone but at
unchanged rates for actual business, these being 4 87i
@ 4 87-J- for sixty day, 4 88^@4 88£ for sight, and 4 88-£
@ 4 88J for cable transfers. It was announced that
Heidelbach, Ickelheimer & Go. would on the following
day ship $450,000 and L. von Hoffmann & Go. $300,000 gold to Germany on order, but the bills against
these shipments are said to have been sold last week.
On Tuesday the market was still easier, by reason of a
light demand, and also because of the offering of some
Anaconda copper bills, and Heidelbach, Ickelheimer &
Co. reduced their posted rates half a cent, while those
for actual business were lowered one-quarter of a cent
to 4 87@4 87£ for long, 4 88@4 88J for short and
4 88^@4 88| for cable transfers.
On Wednesday
Baring, Magoun & Co. and the Merchants’ Bank
of Canada reduced posted rates half a cent, making
those for all the drawers uniform at 4 88 for sixty-day
and 4 89 for sight. On Thursday no change was made
either in nominal rates or in those for actual business,
but transactions were nearer the bid than the asking
figures. The tone was easy until towards the close,
when it grew steady because of some demand for Sat
urday’s steamer. Yesterday ako rates remained unonanged. The only engagement of gold for shipment
(Y o u LXI1,
to Europe to-day was $200,000 by Heidelbach, Ick el
heimer & Co. The shipments of gold to Canada
during the week have amounted to $700,000, said to be
gold which was brought hither when there was a
demand for the metal to pay for the bonds sold in
February. The following table shows the daily posted
rates of exchange by the leading drawers.
DAILY POSTED RATES FOR FOREIGN EXCHANGE.
60 days.
Brown Bros..... 5
( Sight....
Baring,
(60 days.
Magoun & Co. ( Sight....
Bank British
$60 days.
No. America. <Sight....
Bank of
5 00 days.
Montreal...... ( Sight....
Canadian Bank f 60 days.
of Commerce. \Sight....
Heidelbach. Ick- $60 days.
elheimer & Co ( Sight....
60 days.
Lazard Freres.. 5ISight....
Merchants’ Bk. (60 days.
of Canada....... f Sight....
F ri ..
Mon., T ubs., W ed .. THTTR., F r i ..
June 19. June 22. June 23. June 21. June 25. June 26.
88
88
88
88
88
88
89
89
S9
89
89
89
83*
8S*
8S
88
88
89*
80*
89
89
89
sa
88
88
88
88
83
88
89.
89
89
89
89
89
88
88
88
88
83
88
89
89
89
89
89
89
88
88
88
88
88
88
89
89
89
89
89
89
88*
88*
88
88
83
83
89*
89*
89
89
89
89
88
88
83
88
88
83
89
89
89
89
89
89
88*
88*
88*
88
88
88 •
89*
89*
89*
89
89
89
The market was steady on Friday at 4 88 for sixty
day and 4 89 for sight. Rates for actual business were
4 87@4 87J for long, 4 88(3)4 88jt for short and 4 88^
@ 4 88£ for cable transfers. Prime commercial sterling
was 4 86|@4 86J and documentary 4 86£@4 86^-.
The following statement gives the week’s movements
of money to and from the interior by the N Y. binks.
Week Ending June 26,1896.
Received by Shipped by
N. F. Rinks. N. T. Binks.
Net Interior
Movement.
©old ..................................................
$4,501,000 $2,131,000 Gain.$2,370.000
508,000
334,000 Gain.
174,000
Total gold and legal tenders......
$5,009,COO $2,465,000 Galn.$2,544,000
Result with Sub-Treasury operations and gold ex
ports.
Week Ending June 26,1896.
Into
Banks.
Out of
Banks.
Net Change in
Bank Holdings.
Banks’ interior movement,as above 15.009.000 $2,465,000 Gain.$2,544,000
Snh-Treas.oper.and gold exports... 15.800.000 16,650,000 Loss. 850,000
Total gold and legal tenders...... $20,809,000 $19,115,000 Gain.1! , 694,000
Amount of bullion in principal European banks.
June 25,1896.
Bank of
Gold.
Silver.
June 27, 1895.
Total.
£
£
£
England....... 49,156,277
49,150.277
France.......... 81,783,558 50,300,934 132,150,492
Germany. .. 31,346.668 15,673,832 47.020.000
Aust.-Hung’y 27,315,000 12.864.000 40.179.000
8.406.000 11.250.000 19.656.000
Spain............
Netherlands. 2.635.000 7,030,000 9.685.000
Nat.Belgium. 2,690.607 1,345,333 4.036.000
Odd.
Silver.
JotaL
£
£
£
37,998.465
37,998,405
81,901,005 50,351,165 132,252,170
34,857,438 15,082.562 50.540.000
19,938,000 13.479.000 33.417.000
8.004.000 12.450.000 20.454.000
4.295.000 7,084,000 11.379.000
2,801,333 1,400.637 4,202,000
Tot.thls week 203,333.170 98,529,599 301,862.769 189,795,241 100447394 290,242.635
Tot.prev. w’k 201,737,889 93,129,461 299.867,350 191,403,150 101277075 292,680,83 L
MR. WHITNEY, THE CHICAGO CONVENTION
AND BI-METALLISM.
For several weeks little has been expected from the
comiog Chicago Convention of a satisfactory character.
Indeed a fair forecast of the result has betokened
nothing better than an absolute declaration in favor of
the free coinage of silver by the United States alone.
Towards the close of last week it became known that
Mr. William C. Whitney had consented to defer a trip
to Europe and attend that Convention to aid as far as
possible in procuring a modification of its proposed
action. Monday Mr. Whitney published an important
statement of considerable leDgtb, giving his views on
the situation, and containing an earnest appeal to
Western and Southern Democrats in behalf of the
country and their party. Wednesday the New Y'ork
State Convention was held at Saratoga, at which agold currency platform was adopted, preceded by a
paragraph favoring international bi metallism and
urging the Government to make an effort to secure an.
Jctsk27, 1896.]
THE CHRONICLE.
1159
agreement of that character with the leading nations They may also differ widely as to the usefulness and
of Emrope.
efficacy of the arrangement if made ; this difference
As it has been generally reported that Mr. Whitney too may exist without authorizing either party to the
was responsible for the character as well as the phrase discussion to assume that the other is lacking in intel
ology of this platform, we assume it in substance is the ligence. If we understand the position of the contro
plan to be pressed at Chicago by those engaged in the versy to-day one side includes among its membership
movement which Mr. Whitney is leading. We say he just as brainy a set of men as the other side. Further
is leading the movement, because his action ha3 appar more neither believes that two unequal things can be
ently inspired hope among the leaders of the party and made equal in value by the mere fiat of a nation or a
because his views have been adopted at Saratoga, al combination of nations. These are the particulars in
though in his statement published Monday he rejects which the European bi-metallists differ so radically
the idea of leadership. His decision to forego his in from the free-coinage party (or silver meno-metallists)
tended departure for Europe and attend the Chicago in the United States.
Convention was reached he tells us simply through a
There is indeed no relationship or color of relation
sense of duty that “ every person who believes in the ship between these two movements. Our free silver
Democratic Party for the principles it represents” people to be sure often call themselves bimetallists, and
ought to feel when a gTeat crisis is upon it.
in their speeches and platforms talk as if they favored
Not every one will experience the same interest in sav a gold and silver currency. These claims when made
ing the Democratic organization in its present shape that cannot even be sincere, judging the professions as we
Mr. Whitney does. A great party that gets so low as \have a right to do by the party’s acts. It is not
to train under the Populist Generals, ex-Governor j necessary to cite any other evidence of the truth of
Tillman of South Carolina and Governor Altgeld j what we havtfsaid than the votes given in the recent
of Illinois, seems grievously to need discipline and session of Congress. On every proposition which came
reorganization. At the same time we admit that before either the Senate or the House relating to the
it would be far better for the country to prevent a j action of President Cleveland when striving to sustain
declaration in favor of free coinage at Chicago if it can Jthe parity of th© two metals, they voted so as to
be done without the sacrifice of principle. No one embarrass him and against aiding him. Not only
could be selected so well adapted to lead the movement did they refuse to facilitate his efforts by au
successfully as Mr. Whitney. He is a statesman of j thorizing a new gold bond or by authorizing
liberal views, of positive opinions, and is open and even a new currency bond,
but the Senate
frank in the expression of them.
actually passed a measure taking away his power to act
Some will question the correctness of his an under the law as it now stands. Nor wa3 that all the
ticipations and the timeliness of his suggestions evidence Congressional action gave of hostility to bi
with reference to bi-metallism in Earope. We j metallism. Read the speeches made by <hose who
3ee no occasion for any one quarreling with him i thus voted, for confirmation of this statement.
They
on those points whatever opinion one may hold re are but a collection of material which would make any
specting the same matters. To properly weigh that honest man ashamed that he is compelled to be so mis
portion of his appeal and that feature of the New 1represented. He will find them full of abuse of the
York platform, it is needful to remember that it repre President and of his Secretary for their acts in keeping
sents views he has all along held and has expressed the silver dollars convertible, and of every banker who
many times. Then again it was very likely the fact aided in getting for the Government the gold required
that. he confidently held those opinions and could for the purpose. There were parties connected with
conscientiously urge them which encouraged him to these bond sales as purchasers who furnished no gold
hope for success in his endeavor to help check this free- but made their payments with withdrawals from the
silver craze. His address is not directed to the public Treasury. No fault is found with that class. Only
in general but to his own party, and more particularly those who actually paid something to get the gold, or
to that portion of it which is advocating free-silver in other words only those who helped to keep silver
coinage by the United States alone. He tells them convertible were made objects for reproach and abuse.
We might go further and cite other evidence of a
that what they are seeking to secure would if attained
involve every industrial interest and all our people, similar character, for it is to be found in nearly
the debtor class especially, in fearful disaster. Then all the silver party’s public utterances. Taken to
he adds in substance that if they will be less hasty and gether, no room is left for doubt that the ruling
await the development of affairs now in progress there spirits, if not the large majority among the leaders
is a strong probability that not long hence they may in this free-silver movement, do not desire the
safely secure the larger use of silver in the world’s cur use of the two metals. There are, though, many
rency by a European agreement which they are now in. the Democratic Party, especially in the South,
foolishly seeking to bring abont through the action of that think otherwise and advocate >free silver
simply because they hope it may lead back to the
the United States alone.
This reference to bi-metallism under these circum establishment of the old relations between the two
stances appears to be quite in place. It is found in metals and to the old prices for commodities. Smarting
the Republican platform and was no doubt an influence with the fact that the demonetization and decline in
leading some to accept of that instrument wh > would silver have been concurrent with the fall in the values
not otherwise have given it their approval, and will no of products, they have easily reached the conclusions
doubt be a motive for acceding to a sound money docu that remonetization will restore values and that they
ment by some of the delegates to the Chicago Conven are on their way to that much desired end when they
tion in case that Convention should do the unlikely help swell the ranks of this new propaganda. It is
thing and adopt one. Men may differ widely and in because of the existence of this class and because of
deed do differ widely as to the prospect of any bi the views held by it that Mr. Whitney’s thoughts with
metallic arrangement among commercial nations. reference to European action in the attempt to tie the
1160
THE CHRONICLE.
two metals together again are fitting and timely. He
does not propose effieious action by the United States
to hasten this movement in Europe. He proposes, we
assume, to wait and let Europe act, believing that in
that case Europe will sooner or later take the initiative.
Some of our friends are a little fearful lest this sug
gestion of probable European action will in a manner,
they know not how apparently, delay or interfere with
the policy of declaring and arranging for gold pay
ments in this country. We think, on the contrary,
and largely for the reasons already given, that it can
only help that movement. All we have to do is to
put our own currency in order so as to reap the results
of the prosperity which is sure to follow that act and
then to await developments with reference to silver.
Of course no one will claim that European action fa
vorable to that metal is a certain event. The deprecia
tion of silver ha3 existed so long and gone so far, and
the production of gold ha3 increased to such an extent
of late years, while the possibilities of silver production
at high prices for the metal have given promise of
being so extremely large, that very many in this coun
try, who formerly thought the restoration of silver to
its old place feasible and greatly to bs desired, are at
least not so confident now.
R E S P O N S IB IL IT IE S OF A UDITORS.
.
How far does the responsibility of an auditor extend
in the examination of the accounts of a company ?
That is an important question and it is certain to be
come more important as the habit grows in this country
of adopting the English practice of having an indepin
dent audit of the accounts of our large corporations.
It is within the knowledge of our readers how urgent
the English investor has been in insisting upon such an
audit of the accounts for our railways and how gener
ally the belief exists on the other side that the unfor
tunate results attending American railroad manage
ment have sprung in very large measure from the absence
of that feature in our corporate methods. A 3 we all
know too, certain developments in connection with one
or two systems have tended to give support to the
idea that some method of checking the accounts of
our corporations is necessary.
In view of the apparently general demand, several
companies in which the foreign interest is large have
within the past few years engrafted the English system,
or at least a close adaptation of it, on their affairs; one of
the latest additions to the list is the Atchison, the board
of directors having ju3t appointed Messrs. Price,
Waterhouse & Co. independent auditors to examine
the accounts of the company for the current fiscal year.
In this latter case the action is in accordance with the
by-laws of the new company, and is just what we
should expect, bearing in mind the book-keeping irreg
ularities that distinguished the management of the
property before the receivership. It is a feature of the
English system that the auditors are appointed by the
stockholders themselves at the annual meeting, and
that will be the practice with the Atchison, too, after
the present year.
Considering all this, the value of au auditor’s certifi
cate or examination becomes a subject for careful con
sideration. In an article in the C h ronicle of Decem
ber 7 last, we pointed out some of the limitations upon
an independent audit, showing that from the nature of
the case it was not possible for the auditors to do much
more than see that the accounts had been correctly sum
[VOL, L X II.
marized. We also showed what were the views held by
the auditors themselves of their duties and responsi
bilities— from which it appeared that the auditors
well recognized, and were anxious to have it under
stood, that their functions were necessarily very much
circumscribed, and that in their work they were
forced to confine themselves within narrow limits. We
now have a judicial declaration of the responsibilties of
auditors, and this takes an even more restricted view
of their duties ; in fact reduces the scope of their res
ponsibility to an exceedingly limited compass. The de
cision was rendered in Eogland and as it is in Great Bri
tain that the idea of an auditor’s examination has had its
fullest growth and development, this opinion necessarily
possesses very great interest and importance.
There have been instances in this country where
auditors’ examinations have proved altogether deceptive
— we mean not in the case of railroad companies but
in the case of industrial concerns. But where this has
happened it has usually been argued that our system
was defective— that it lacked all the essentials of the
English system. Oar accountants, we were told, were
not chartered as in Great Britain, and furthermore
they were not held to a strict accountability as under
the British law. The “ Evening Post” of this city last
November directed attention to the case of an indus
trial concern where the auditors’ certificate proved
worse than misleading, since it certified to a positively
false state of things. The article brought out a great
many letters from the readers of the “ Post,” and it was
auite noteworthy to see the unanimity with which all
agreed that the trouble was entirely with our system—
that the English system was widely dissimilar, and
that results here were different because of this dis
similarity. One of the writers, in his letter, after
saying that chartered accountants in E lgland are l i
able to prosecution and heavy penalties in the event of
their signing false or fraudulent reports or certificates,
expressed himself as follows: “ In the United S sates, as
you already well know, the term “chartered account
ants’ has been used in many ways to asfist in the per
petration of gross frauds on the public by inviting spec
ial confidence and signing delusive certificates on the
strength of English reputations, so often left behind.”
As it happened, only two or three weeks after thi3
was written a case was decided in one of the lower
courts in England in such a way as to bear out if
confirmed all that had been said in favor of
the English system. It was a case where the
auditors’ certificate had proved worthless but where
the Court was prompt in imposing upon the
auditors the penalty for their apparent dereliction and
neglect of duty. Tne case was that of the Kingston
Cotton Mill Company, where the manager had for
several years made false statements of the quantity and
values of the cotton and yarns in the mills with the
purpose of showing dividends earned which had really
not been earned, and where the auditors, without at
tempting to apply the simplest test to the statements,
accepted them as true and certified to the accuracy of
the balance sheet and income account, on the strength
of which the dividends were paid.
The case was
obviously a rare one—that is in the sense that the
audit had failed in the detection of fraud—but the
authorities, so it appeared, knew how to deal with it
and to deal with it in an exemplary and effective
manner.
Suit was brought by the official receiver and liqui
dator against the directors, the manager and the audi
JrxE 27, 1896.]
THE CHRONICLE.
1161
tors for the amount of the unearned dividends paid, alleged that they had been culpably careless. The
and while the Judge was lenient towards the directors, manager of the company had committed gross fraud in
he was prompt in awarding judgment against the exaggerating both the quantities and values of the cot
manager (who had confessed that his statements were tons and yarns in the mills, for the purpose of bolstering
deliberately false) and against the auditors. Justice up the company ; and the auditors did not undertake
Vaughan Williams who delivered the opinion did not to apply any check upon the manager’s statements.
mince words in speaking of the conduct of the audi But the Court, as already stated, takes the view that the
tors, saying: “ It is plain to me that if the auditors acceptance by the auditors without investigation of
had added to the stock in trade at the beginning of the manager’s certificate was not a breach of their duty.
any year the purchases of raw material in that year, The manager, it was argued, had been a man of high
and had deducted therefrom the sales, they must have character and was unquestionably competent, and the
seen that the statement of the stock in trade at the auditors had no suspicion that he was not to be trusted.
end of the year was so remarkable as to call for expla
Lord Justice Lopes, in a separate opinion agreeing
nation, and they called for none. It is said that it is with his associates, also considered, according to an ac
no part of the duty ef an auditor to take stock. I count in the London “ E eononrst,” that an auditor is
agree it is not; but when it is said that it is no part of not bound to be a detective or to approach his work
his duty to test the accuracy of the manager’ s certifi with suspicion. He is justified, the Justice thought,
cate by a comparison of the figures in the books that in believing tried servants in whom confidence is placed
require auditing, I cannot agree.”
by the company. He thought, too, that the duties of
The case wa3 widely commented on at the time, and auditors should not be made too onerous, and that they
we need hardly say that the ruling of the Court was must not be rendered liable for not tracking out in
received wish great satisfaction by the public.
It genious and carefully-laid schemes of fraud when there
seemed to establish conclusively the reliability, value is nothing to arouse their suspicion, and when those
and desirability of an auditor’s examination. As all frauds are perpetrated by tried servants and had been
human agency is fallible, it might happen, as in that undetected for years by the directors.
instance, that the auditors would fail in their duties,
This latest decision puts an entirely different aspect
but if they did they would at least be held to a upon the question of auditors’ examinations, and we
strict accountability and the courts would enforce the think that the views of the judges will be received
full measure of liability against them.
with considerable surprise. To say that an auditor
But it appears now that this conclusion was a little may accept without question the statements of the
hasty. The case was appealed, and came up in the officials of the company and be held blameless if these
Court of Appeals before Lords Jastices Lindley, statements are subsequently found to be fraudulent,
Lopes and Kay, who last month unanimously re when the most superficial investigation on his part
fused to uphold the decision of Justice Williams, would have served to reveal to him their fraudulent
but gave judgment for the auditors. In deliver character—that certainly reduces the value of these
ing judgment, Lord Justice Lindley is quoted reports to a minimum. It will be understood that
as having said: “ Tne stock journal showed the it wa3 not contended that the auditors should have
quantities— that is, the weight in pounds— of the made a count of stock and checked the mana
cotton and yarn at the end of each year. Ooher books ger’s statement in that way—that would be clearly
showed the quantities of cotton bought during the beyond their province. Bat it was confidently sup
year and the quantities of yam sold daring the year. posed that it was their duty to see that the state
If these books had been compared by the auditors, ment of stocks as furnished tallied with the other
they would have found that the quantity of cotton and statements— with the purchases and sales. To have
yarn in hand at the end of the year ought to be much the cu n t declare that thi3 view is erroneous, and that
less than the quantity showa in the stock journal, and auditors must not be expected to ferret out frauds
so much less that the value of the cotton and yarn perpetrated by trisd servants which the directors had
entered in the stock journal could not be right, or at failed to discover— 3uch an interpretation is calcu
all events was so abnormally large as to excite sus lated to weaken one’s faith in the entire system of ex
picion and demand further inquiry. Tuis is tbs viev aminations.
It is almost superfluous to say that the decision is
taken by the learned judge. B it although it i3 no
The
doubt true that such a process might have been gone not regarded with favor on the other side.
through, and that if gone through the fraui would “ Economist” voices the general discontent and ex
have been discovered, can it bo traly said that the presses the common view when it says that “ every one
auditors were wanting in reasonable care in not think would agree that auditors cannot check the actual
ing it necessary to test the managing director’s re taking of stock, and that there are ca3es in which they
must rely upon statements supplied to them by experts.
turn ? I can not bring myself to think they ware.”
Justice L ’ ndley declared that the duty of an auditor But this by no means implies that they are to accept
generally had been very carefully considered by the figures or statements simply because they are supplied
Court in the case of the London and General Bank. It by ‘old and trusted servants.’ Persons answering to that
was there pointed out that the auditor’s duty w i3 to ex description are occasionally liable to error, and even, as
amine the books, ascertain that they were right, and to this case showed, to make use of the character they
prepare a balance sheet showing the true financial posi have acquired for the purpose of committing fraud.
tion of the company at ths time to which the balance It is to guard against such possibilities, without neces
sheet referred, but it was also pointed on*--, he noted, sarily entertaining suspicion, that auditors are paid to
that the auditor was only bound to exercise a reason check accounts. When the figures supplied afford a
able amount of care and skill. What that reasonable check upon each other, as in this case, it seem3 to us
care was depended upon the circumstances of the par that an auditor does not fulfill his obligations by passing
ticular case. In the present instance there had been the entries with the remark ‘a3 per manager’s certif
no charge of dishonesty against the auditors, but it was ' icate.’ ”
1162
THE CHRONICLE.
The moat unfortunate feature in connection with the
■matter is that the system of auditors examinations is
found to be wanting in the very particular where it was
thought to be strongest. The partiality of the English
investor for an audit of the accounts of the companies
in which he is interested, has been based very largely
on the idea that such an audit furnished a guaranty
against deceptive and fraudulent statements of earn
ings. In this instance, as we see, the audit failed
entirely of its purpose, and the Court decides that the
auditors were not at fault in neglecting ordinary pre
cautions to ensure correct and trustworthy statements.
Must we then conclude that auditors’ examinations
are useless f Not necessarily. The case cited will no
doubt tend to weaken confidence in the efficiency of
the system. But much will depend upon the auditors
themselves. Not all of them, we are sure, will accept
the definition made by the Court, but will take a more
serious view of their duties and responsibilities. At
the best, as we have so often shown, the ground which
an auditor can cover is limited. Within those limits
of course his work ought to be thorough and reliable.
The value of an audit lies in its furnishing one more
check upon the accounts, in addition to the checks
applied by the company’s officials themselves.
Every further check obviously tends to make
fraud or irregularities more difficult. Hence if the
proprietors and bondholders will not attach undue im
portance to such examinations even when the auditors
have a proper conception of their duties, the audit can,
within the sphere described, be made quite serviceable,
since it is evident that in the affairs of corporations
there cannot be too many checks and safeguards. But
if on the other hand those interested in corporate prop
erties aie encouraged to think that the system provides
an absolute and positive preventive of fraud, and en
sures wise management, and are thus lulled into a false
sense of security, the audit is likely to be injurious
rather than beneficial.
NEW
Y O R K , CENTRAL RESULTS
FISCAL YEAR.
FOR
The New York Central figures for the twelve months
ending June 30 1896, though based on partly esti
mated results for the last quarter of the year and there
fore subject to slight revision, furnish interesting
material for study in comparison with the results for
previous years.
As far as the comparison with the year immediately
preceding is concerned, the showing is as good as could
reasonably have been expected under the circumstances.
In the gross the increase is roughly 24 million dollars;
in the net roughly a million dollars. In comparing
with 1894-5 it is true we are comparing with a very
poor year, but that does not make the improvement
any the less real.
The conditions the late year were better than in the
year previous, but they were far from being altogether
favorable and far from being normal. At the opening
of the fiscal year on July 1 last a marked revival in
business was under way, induced by the contract the
previous February between the Morgan-Belmont Syn
dicate and the United States Government for the re
enforcement of the Treasury g o li reserve. But the
Central was not so situated as to gain as much from
that revival as some other roads. The revival was
most pronounced in the iron and steel districts and in
the coal regions, both of which lie outside of the terri
[VOL. L X II.
tory traversed by the Central. Thus it was not possible
for it to make such large and noteworthy additions to
its revenues (after the losses of the previous year) as
the Pennsylvania Bailroad for instance. Yet the re
cuperation in trade was a distinct favoring circum
stance, and if the Central did not gain in the same way
or to the same extent as some of the other trunk lines, its
traffic and revenues nevertheless felt the stimulus,
affording the basis for improved returns.
The crop situation as a factor in the affairs of the road
is subject to the same qualifying remarks. The grain
yield, as a whole, in the United States was excellent,
but the winter-wheat crop in the Middle Western States
— the section directly tributary to the Central’s feeders
and connections west of Buffalo— was poor; furthermore,
as to the corn production, while this was very
large, the new crop does not come forward to any ex
tent as a rule until the first of January, and the pres
ent time it did not move with customary freedom even
after that date, because of the low prices prevailing,
which led farmers to hold back their supplies in consid
erable degree. But while these were undoubtedly re
tarding influences, still the grain movement was larger
than in the previous year and to the extent that it was
it was a factor in the recovery in earnings which took
place.
The revival in trade practically came to an end last
December— that is with the close of the first six
months of the fiscal year. Since then there have been
two or three spurts of activity but no sustained im
provement, and on the whole trade ha3 been on a down
grade during the six months since then, owing to
the political uncertainties in their bearing on the cu r
rency situation, the threatened disturbances in our
foreign relations, first with Great Britain regarding
Venezuela and then with Spain regarding Cuba,
and various other unsettling factors both in and
out of Congress. The volume of general merchandise
traffic during these six months was probably no heavier
than in the corresponding six months of last year, but
the increase in the grain movement, as the result of
the large crops, came in to swell the traffic of the roads.
At the same time rates were very much better main
tained, the new Joint Traffic Association having proved
a powerful agency among the roads east of Chicago in
preventing cuts, rebates and other unlawful concessions
and practices.
The influence of thege various factors and agencies
can be clearly traced in the quarterly returns of the
company. We have already stated that the increase
in gross earnings for the twelve months has been
roughly 24 million dollars. But examination of the
quarterly statements discloses that nearly 14 million
dollars of this increase occurred in the six months to December31, in other words in the period during which the
revival in business was in progress. In the six months
to June 30 the increase was less than three-quarters of
a million, and doubtless except for the better rate
situation and the larger grain movement there would
have been no increase at all during these six months,
but a decrease.
In the net earnings the results were exactly the reverse
of this. In the first six months, on a gain of $1,849,000
in gross earnings the increase in net wa3 but $154,000,
but in the last six months with a gain of only $724,000
in gross the addition to the net was $771,000. The ex
planation probably is that through the whole twelve
months the betterment and improvement outlays form
ing part of the expenses were adjusted to meet the
THE CHRONICLE.
JOSS 37, 1896.]
changing character of the business outlook. In the first
part of the fiscal year, when earnings were expanding
at a good rate and the promise was for a continuance
of the improvement, the company felt justified in being
very liberal ia its improvement oatlays. On the other
hand, ia the latter part of the year, when it was seen
that the early improvement in earnings was not being
maintained, and when, furthermore, the business situa
tion was clearly taking a turn for the worse, the man
agers it would seem began to restrict in the class of
out'ays referred to. In this latter period of course the
better rate situation alsi operated in favor of improved
net results.
Besides having increased its net a million dollars dur
ing the twelve months, the company at the same time
reduced the amount paid out in dividends (stockhold
ers getting only 4 p.-rcent, agaiu3t 44 percent in the pre
vious year), aad the two together have served to bring
about a great change in the final result. Whereas for
1804 5 there wa3 a deficiency of $1,217,577 below toe
call for dividends, for 1895 6 wa have a small surplus.
The following furnishes a summary of the yearly resuits back to 1872.
Fiscal
G rots
S et
Year*. E arnings. E arn in gs.
*
i
»
J875L... 25,580.670 9.134,239
ism... m jm m i U.tS4.«3
. 31,050-387 13.282.089
1*75... - 29.027.218 U.765,110
1*7*.... 28.iM0.588
1*7?..,. im jY iw m 11,032.924
189%,... 28.910,555 12,774,578
1379.,.. 28,360,564 12.273.5ii
v m . . . 33.A75.91S 15-316,019
Iasi..,.
12,863.810
1 mi .... 30.628,781 11,238,807
m m .... 33.770,712 10,080.1^*
38,1*8,008 10,890,058
m m ... . 24,429,-Hl 8,110.069
1888.... 30*5)0,301 11J06,884
1867.... 85.297,055 13,909.432
1880.... sa.m .aso 11,508.562
m jm im 11,993.803
v m ... 37,0*78,404 12.516.273
1 m u .. S7.SM.U5 13,531,263
m m ... 45.478.02© 14,339,512
u r n . . . i0.930.603 14.t544.SI8
m . . . 48.078.200 14,169.704
189©..., 42,499.537 13.679.mM
18901.. 45,0*52,000 14,604,000
In terest
and
M entals* j
*
1,162.38-8
1,961,808
3,549,734
4,425.0X5
4.709,340
4,660.57?
4,738,132
4,679,025
4.758.799
4.090,783
5,4*8,903
5.892.972
5.630.508
5,033,727
7,245.885
7.760.924
7,831.483
7,888,081
7.05331 J
8381.96*
0305,881
10,0*5.830
10,367,308
10,558.880
10,578.000
S et
P ro fit.
D lvU iends.
p . a.
*
7.071371 (3)
0,523.057 18)
9,713355 (S)
7339.10© (8)4
7.213.076 (8)
8,043,847 (8)
8,038,448 Idi
7,594,496 (8)
10,589,220 (8)
7,893,827 (S>
5.743,904 (3)
7.327.1581 (8)
4363,780 (8)
2,170,342
4,650,009;
5,147,50*
3.675,110
4,117,632
4,662.402 :
8.640,299
4,533,631
4,550.186
3.802,486
3,122,411 :
4,081,000 1
Surplus
or
D eficit.
* ;
*
7,244,832! +727,030
7,138,790j+2,330,267
7,133,835: f2,578,470
7,136,679* +202,516
7,130.52S +78,548
7,140,659 —197,312
7,139.52*1 +809,918
7,139,538, +454.958
7,141,518!+3,427,707
7,138,343! +754.494
7,145,513-—
1,401,009
7,148,182; +179,024
7.159,044;—2,490.884
(S M n 3 ,l»,9 »> —953.1WS
3,577,132' +1,072.907
(4)
<« 3,577,132 +1,570,376
8,577,132' +97,987
(4)
MM) 4.-.24.2741 +93,359
mki 4,024,273! +638,189
8,577.132' +72,167
(4)
(6) 4,471,415: +62,216
(6) 4.471,415! +87,771
(S) 4,58-,8201 -786,340
mm) 4,3*19,091!—1,217,577
4,000,00c!+ 31,000
(4>
• F o r 1S9C, 1 8 9 5 ,1 8 0 4 .1 8 9 3 .1 8 9 2 ,1 8 9 1 a n d 1 3 9 0 fiscal y e a r cov ers the
t w e ir e m on th s en d in g June 3 0; fo r all th e y ea rs p reced in g , th e tw elve
m oatfes e n d in g S ep tem b er 3 0. O p eration s o f th e R o m e W a tertow n &
O gdenatm rg a re in el tided sine© M arch 1 4 ,1 8 0 1 .
in this yyea
ear 1
10
e r cce
e n t a ltog eth er w
a s paid. A s, h o w ev er, there
* tn
0 p er
wa?
is n
noIncrease
In th
the
the.
mm
o in
crease in
e rate o f d iv id en d ,.'th
e a g g re g a te d istrib u tion b ein g
larger sim p ly b eca u se o f a ©hang© in the d iv id e n d p e rio d s from aem l.•mmxal to q u a rterly , we h a ve a llo w e d o n ly fo r the o rd in a ry 8 p er cen t.
t i n this v ea r the m ethod o f ch a rgin g d ivid en d s w a s changed, th e
O cto b e r, 1 98 4 , d iv id en d o f
per cen t, w h ic h u n d e r th e o ld a rra n g e
m ent w o u ld h a ve com e o u t o f the 1884-85. earnings b e in g ch a r g e d t o
a ccu m u la ted in com e, an d th e n e x t fo u r q u a rterly d ivid en d s, a g g re g a t
ing 3 % per em it, ch a rg e d to th e 183 1 -9 5 ea rn in g s, this p la n h a v in g s in ce
then b een re g u la rly p ursued.
I F a rtly estim ated .
1168
With 45 millions gross the net in the late year was
<>14,604,000. In 1880 with only $33,175,913 gross, net
was $15,326,019. In part the less favorable net result
now is due to the larger extent of road operated, in
part to the great decline in rates which has occurred in
the sixteen years since then, in part to the heavier oper
ating cost for other reasons. The influence of the new
acquisitions in affecting the yearly outcome is also seen
in the increased fixed charges which the company now
has to meet. Prior to 1882 the total of the charg«s for
interest and rentals was less than five million dollars;
now it is over 1<+ million dollars. At the same time
the aggregate of the company’ s stock stands at 100
million dollars against but 89 million dollais a few
years back.
The company has not yet had a chance to show what
it can do on its present mileage in a period of full trade
activity. Probably when prosperity shall again return
to the business interests of the country a marked ex
pansion in the revenues of the system will occur. But
owing to the lower rates, the heavier charges, the in
creased operating cost and the larger amount of stock
outstanding, a recurrence of such exceedingly favorable
yearly exhibits as characterized the period prior to
1882 cannot be looked for doubtless in the immediate
future.
P R O S P E C T OF M A N U F A C T U R IN G IN D U S
T R Y A N D F O R E IG N T R A D E I N J A P A N *
B v K . N A K A M U R A .— [T h ir d A r t ic l e ]
We have seen that Japan is under the necessity of becom
ing a manufacturing country and that she possesses many
elements that should aid her in the task. She also has a
distinct advantage in her cheap labor. This 1: Iter is the
strongest stimulus to the growth o f manufactures. A c
cording to the statistics of 1888 the average wages of car
penters was in 1887 26 sens, or 18 cen ts; that of masons
was 35 sens, or 12% cents ; that of tailors 24 sens, or 12
cen ts; that of smiths 27 sens, or 13J-2 cen ts; that of silk fac
tory helpers 18 sens, or 9 cents ; and that of female helpers
was 12 sens, or 6 cents. Of course, in the cosmopolitan
cities, like Tokio or Osaka, the wages were twice, or at least
sixty per cent, higher, and after the Chino-Japanese war
both wages and prices rose nearly thirty per cent. But still
the latest wages are nearly three or four times cheaper than
in America.
And above all a Japanese laborer is an ever .
cheerful, good natured, honest, intelligent and hard-working
man. His quick movements and delicate skill are almost
beyond any comparison.
The skilful imitativeness o f the Japanese is well known.
About, seven years ago a certain merchant in Yokohama
imported a case of little brass buttons from England,
and sold them at twenty-five sens each. Having found the
d em a n d active, the dealer sent another large order to the
English factory. Before he received the new goods he found
in the native store some other brass buttons exactly similar
both in size and shape, and just as good as the original in
every respect. But this cunningly imitated article was sold
at five sens each. So the dealer was compelled to send back
his goods to England. Without his dexterity the Japanese
workman could not have accomplished this imitation. How
both dexterity and cheap wages are the characteristics of
the .Japanese laborer. W hy then should not a manufactur
ing industry rise in Japan ?
Many private workshops have lately_ been established.
They are devoted especially to producing ‘goods for the for
eign demand, such a s-fans, umbrellas, screens, grotesque
looking toys, gaily colored earthenware and many other
things, which could by no means be considered as artistic
work from the Japanese point of view. It is only recently that
the Japanese manufacturers have taken more serious steps,
Looking over this table, one readily sees that there
have been some wonderful changes in the twenty-five
years covered by the figures. Formerly the company
earned a cocsiderable surplus above 8 per cent divi
dends. Ia the more recent years the limit of dividends
has been only 4@5 per cent, with little or no surplus
above the requirements for the same. The change
may be said to date from the construction of the West
Shore, which the Central in 1885 was forced to absorb.
The extent of the company’s business has reached
very large proportions Gross earnings in the late year,
though nearly two million dollars below those for
1892 3, yet amounted to over 45 million dollars. It
must be remembered, however, that the company ia
operating a very much larger mileage than in the
* T I ie references in these articles, wherever they occur, are to the
earlier years of its history, it having acquired besides following
reference b o o t s : I. & O. o f Japan—tocUistry
o f T'l.na n miblishart b v Bureau of CJommeroe; H. S,—Resume Statisthe West Shore, the Rome Watertown & Ogdensburg tfyu
ed u J ap a n , published by the Bureau of Statistics; T. tf, Toiisl
JTenlrwan.
and various other roads.
1164
THE CHRONJOLE.
and begun to produce the real Japanese goods, both durable
and artistic. For these goods they have found a ready for
eign demand. In 1887 Japan exported manufactured goods
to the amount of 7,836,554 yens and in 1891 to the amount
of 13,615,403 yens, an increase of 75 per cent.
The effect of cheap labor has not been limited to the rise
of handiwork, but has also extended to machinery work.
Tire rise of the cotton factory, to which we have already re
ferred, had its origin in the desire to manufacture domestic
raw cotton to meet the home demand. But to-day Japan
imports raw cotton from India, China, America and Austra
lia, and is steadily driving away foreign goods from her
market.
So a brewery was started a few years ago, and now there are
several of them. The match factory has not only suc
ceeded in sweeping away the foreign goods, but the Japan
ese producers export nearly two million dollars’ worth
of goods. The railway system has been rapidly ex
tended, the materials being imported from Europe and
America. In 1891 there were in Japan twenty railroad
companies, with a total capital o f 74,785,000 yens.
They carried 35,790,303 passengers and two million
tons of freight, and they had total net profits of 3,768,159
yens; but they charged only one half cent per mile for thirdclass passengers. A few years ago a telephone company was
established in Tokyo, the equipment coming from the United
States, and now it accommodates four hundred subscribers;
but it charges only fifteen dollars per annum for the use of
one telephone.
In the year 1889 five hundred and fourteen manufactories
were established with a capital of 34,507,960 yens, 50 cotton
mills with a capital of 4,967,188 yens, 86 silk factories with
a capital of 6,151,345 yens, and many others, making the
total number of 1,474 new private stock companies with a
capital of 75,945,086 yens (R. S., p. 68).
In 1891 Japan had banking corporations as follows :
,-------------------------------- National B a n k s --------------------------------- >
Capital.
Surplus Fund.
Deposits.
No.
Yens.
Yens.
Yens.
Dividends.
2 8 4 .............. 63,201,100
20,896,971
769,953,090
12V2looP , c.
t----------------------- :— Private B anking Rouses.------------------------s
Capital.
Surplus Fund.
Deposits.
No.
Yens.
Yens.
Yens.
Dividends.
2 5 2 ............19,796,820
5,156,802
......... ..........
7-5 p. c.
In the same year the Japanese post office carried 238,679,883
letters (R. S. 43-3). Again in the same year there were in
Japan 607 steamers, 835 sailing vessels and 18,701 junks,
having the total capacity of 445,635 tons (R. S. 58-59.)
The expansion of trade is best shown by the growing ton
nage of vessels entering each harbor and cleared therefrom.
,---------- -------- Cleared.------------------- , ------------------- Entered.------------------- .
Steamer. SaUino. Junk.
Total. Steamer. Siilina.
Junk.
Tota\
l c87.1,015,101 110,319 (6.15 *,959) 1,1J5,450 1,022,157 107,602 (6,226,021)
1888.1,230,605 105,985
1,336,590 1,227,936 110,634
1889.1,320,221 122,013
1,442,234 1,389,840 129,676
1890.1,381,531 159.705
1,541,286 1,509,498 144,397
1891.1,477,446 13*3,253
1,613,699 1,603,599 187,406
1,129,759
1,338,570
1,469,516
1 653,895
1,741,005
The corresponding expansion of the foreign trade is shown
in the following table.
1887."
Tens.
Im ports.51,671,846
E xports.51,546,407
1888.
1889.
1890.
1891.
Tens.
Tens.
Tens.
Tens.
65,549,200 66,041,584 81,670,354 62,880,670
64,891,058 69,306,894 55,791,847 78,788,054
1892.
1893.
1894.
1895.
Tens.
ten s.
Tens.
Tens.
Im p o rts............. -.7 1 ,3 2 6 ,0 7 9 88,257,171 117,481,955 129,083,297
E x p o r ts ................... 91,102,763 89,712,864 113,246,086 134,991,029
The following is an analysis o f the imports and exports.
------------------------------ Im ports.------------------------------ .
1887.
1889.
1891.
R a teof
Tens.
Tens.
Tens.
increase.
B aw m ateria ls............
2,756,793
8,015,661
10,506,391
282%
F ood .................................. 7,869,025
8,754,790
15,503,806
97%
D rugs.................
5,229,560
8,761,534
9.499,393
82%
Semi-manufaot’d goods. 11,386,180 16,428,561
9,271,017
—19%
M anufactured g o o d s ... 17,034,773 24,081,038 18,100,063
6%
,------------------------------ Exports.------------------------------ .
1887.
1889.
1891.
R a teo f
Tens.
Tens.
Tens.
increase.
Raw m aterials................. 5,069,087
7,254,122
9,061,804
80%
F ood________
13,786,786
18,348,222 17,901,189
30%
D rugs................................. 3,081,764
4,155,894
5,130,494
70%
Semi m anufaet’ dgoods. 22,282,416 30,525,913 34,029,165
55%
M aniifactured g o o d s ... 7,326,554
9,022,736 12,615,402
73%
It is to be remembered that in the export o f raw materials
there is included that of coal which covers one-half o f the
total amount with an increase of 110 per cent in five years
and also copper, which covers 2-7 of the total amount, with an
increase of 130 per cent.
In conclusion, it is only necessary to say that from the
facts and figures given the indications are unmistakable that
Japan Is dcstired to have a large manufacturing growth.
[V ol. LXII,
p la n e ta r s g
[F rom our ow n correspondent. 1
L o n d o n , S a t u r d a y , June
s
13, 1896.
Count Guluckowski’s statements in the Austrian and Hun
garian delegations at Buda Pesth have made an excrllent
impression all over Europe. While admitting that the condi
tion of Turkey is a grave danger to the peace of the world,
and warning the Saltan that the Powers could no; tolerate
further massacres, he expressed the hope that the concert of
Europe would be maintained and that some tolerable reforms
would be introduced; that anything like reforms in ch ; West
ern European sense were not to be expeoted, but that at least
the condition of the people might be made tolerable. H ) also
repeated the assurances, so often given, that the Triple
Alliance is as firm as ever. He referred ia a friendly way to
both France and Russia, and he spoke very significantly of
the great progress made by Roumania,
The release of the remaining Pretoria prisoners on Thursday
has heightened the good impression made by the Count’s
speech. It is now hoped that better relations between the
Boers and the British will be restored, and that President
Kriiger will U3e his influence to introduce reforms. It is
understood that he is strongly in favor of reducing taxation
and lessening the bad effects of monopolies, and i; is balieved
that he would be williug to admit six or eight representatives
from the Witwatersrand into Folksraad Tae on -turn of gold
for May is surprisingly good, considering the state of the
Transvaal. It is slightly greater than for May last year.
The supply of native labor is now suffijient and all fear of the
failure of water is at an end. Th3 repeated defeats of the
Matabele are also encouraging the belief that the insurrection
will be quickly put down; and the victory over the Dervishes
leads to the hope that the power of the Khalifa is much
reduced. Over and above all this the impression has been
growing here this week that the Republican Convention will
adopt a sound-money plank and that confidence in the Ameri
can market will thus be restored. Meantime trade is steadily
improving; the railway traffic returns are exceedingly good,
and the long drought has been broken by a steady fall o f rain
this week lasting for over twenty-four hours.
Money grows cheaper and more abundant; gold has now
returned from Scotland; about 1% millions sterling is on the
way from abroad and much more is expected in the early
future; rates in consequence have declined. The discount rate
is under % per cent and loans for a week, and in some cases
even for a fortnight, have been made freely at % percent. A t
the fortnightly settlement on the Stock Exchange the general
charge by bankers to brokers was from 1% to \% per cent,
but there is still an unwillingness to lend in the m iiin g
market, and the carrying-over rates therefore have been very
stiff.
The price of silver is fluctuating between 3l%d. and 31% 1.,
with but a small demand. On the other hand, however, the
great American mine-owners are selling very sparingly, The
India Council continues to dispose of its drafts wonderfully
well.
Business on the Stock Exchange has been decidedly more
active this week in spite of the fortnightly settlement. Early
in the week American prices all dropped and a gloomy feeling
prevailed, but on Thursday a more hopeful view was taken
and there was somewhat better business than previously.
The general public, ho’wever, is holding aloof from the market;
what business goes on is entirely professional, and even p ro
fessionals are not risking much until the result of the coming
Republican Convention is known. There is a fair amount of
business in South American securities, especially Argentine,
but there is little doing in inter-Bourse securities. British
railway stocks gave way early in the week, but there has bee^i
some recovery since and consols and other high class securi
ties maintain their quotations.
Th« chief activity has been in mining shares, and more
particularly in South Africans. N ow that all the Pretoria pris
oners are free and the crushings for May show that the in
dustry is once more in a sound condition, the public are buy
ing eagerly, and there has been a very general advance in
prices. The best securities are of course chiefly in demand,
Rand mines leading the way. Rhodesian shares have likewise
advanced, as it is hoped that the insurrection is nearly at an
end. There is less business doing in Western Australian
shares. A few weeks ago most of the jobbers in the South
THE CHRONICLE.
J une 27, 1896.]
African market passed over into the Western Australian,
thinking that the release of the prisoners would be postponed
for a considerable time and that a revival, therefore, was not
early to be looked lor. This week they have been troopiDg
back again, and the market has looked almost as active and
as animated as in the height of the boom last year. There
has been exceedingly good Continental buying likewise, and
the purchases have very often been on an extensive scale.
One transaction is reported to have amounted to as much as
a quarter o f a million sterling.
The chief danger to the South African market is the un
willingness of bankers to lend, while they make no difficulty
about advancing upon speculative securities of all other kinds.
Many bankers refuse to advance even on sound dividend-pay
ing South African shares, and most bankers lend but little ;
the money, therefore, has to be obtained from the wealthier
members of the Stock Exchange and from the great houses
that are interested directly or indirectly in South Africa.
Consequently the lenders are able to dictate their own terms,
and at the settlement on Tuesday the carrying-over rates
ranged from 8 to 12 per cent, and in several instances as much
as 15 per cent was charged. These high rates had absolutely
no influence on the market, for the rise has been greater since
Tuesday than before ; but of course if they are continued
they will greatly check business by-and-by.
Our foreign trade in May continued good. The figures
show a contraction in imports and a small expansion in ex
ports. This is due to the month having contained one Sun
day more than last year, at the same time the Whitsuntide
holidays fell in May this year, whereas last year they
came in June. Allowing for these circumstances, imports
have expanded and exports have shown improvement equal
to that of previous months. United States purchases remain
small compared with what they were last year, but the
falling-off in this direction is much more than counter
balanced by increased purchases for India and the Far East,
the Continent, Australia and South America.
The imports since January 1st have been as follows :
1896.
I mport s .
1895.
a
s
January......... 38,473,856
February . . . . 35.476,736
March............... 33.344,750
April................. 3.5.808,800
May.................... 33.349,988
5 months... 181,303,730
36,743.481
28,134.489
35,959.390
3 1 .3 11.358
34,752,036
Difference.
s
+1,730,375
+ 7,342,247
+2,384,860
+1.467.442
—1,402,098
169,830.616
5 months...
98,472,669
+11,473,114
+ 8-75
1895.
A
18,224,236
15,973,095
18,523,030
17,252,311
18.344,744
+2,902,932
+3,710,361
+ 1,899.389
+ 1,174,338
+468.133
Per 01.
+ 1592
+23-22
+ 10-25
+ 6-80
+2-55
89,317,416
+10,155.253
+ 11 49
Difference.
£
The re-exports of foreign and colonial produce since January
1st show the following contrast:
January.........
1896.
A
4,825.707
March..............
April................
May..................
4.623.326
5,411,590
4,770,958
1895.
£
3,887.258
4,407,824
4,846.599
0,608,115
5,215,785
February___
5,638,232
5 months. .
25,269.813
24,965,581
P.R-EXPORTS.
____
■*
£
"
T~
33 9
29 *
-
lilt
Difference.
£
+938.449
+1,230.408
—223,273
-1 ,1 96 ,5 25
—444,827
Per 01.
+24-14
+ 2791
—4-60
- 1 8 X0
—8‘52
+ 304,232
+1-22
I n t e r tat a llow ed
f o r d ep oeit* b y
O p e n M a rk et R a te* ,
3
3
Bank
BUD.
T ra d e B U I*,
. . .
D is c 't H '$*
A t 7 to 14
T hree
F our
Six
Four
Six
S tock
T hree
M onth* M onth* M on th * M onth* Mrmth* M onth* B a nk*. Call. D ay*
15 16
15-16
15-14
18-16
tAia
13-14
13-16
13-16
13-14
H 13-16 H 13-14 H 18-16
16
111-14
*
11
lM » iH
IK
1*
1
i+ « i«
1+
1+
1+
1+
1+
l% \ H
H
K
K
H
H
H
K
*
W
*
H
H
K
H
H
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows :
Bata of
Interimt at
Jane 12.
June &.
Bank ' open
Bank . O,pen
May 20.
Bink
Open
May 22.
Rank
Open
J Rate. Merkel Rate. |Market Rate. Market Rate, Market
Part*........
I(amburg.
!
t
IH
i
3
3
*
3
ZH
m
Frankfort....... J
A m*t*rd*na. 1
Bru«*«U....... i 3
Vlonna..*.. J • *
9t. P«ttfi!>arg.|
.
H i d r l d ..,..
sq
CoMfihiftn | 3
'M
SK
«H
5
3
9
3
8
8
2
3
4
ax
*H ,
3
IH
ZH
m
2k
2+
sk
3*
4+
3
>
3
3
3
3
3
4
ax
4+
3
1H
m
w
2*
2*
**
SW
ok
4+
3
The following return shows the position o f the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years :
Circula io n ......... ..................
Pablic deposits................. .
Other deposits..........................
Government securities.............
Other securities .. . ............ ....
Reserve of notes and cUn.......
Coin bullion, both departm’ts
Pro p. reserve to liabilities.. p. c.
Bank rate . .............. per cent
Consols, 2% per c e n t ..............
Silver
.................................
Clearing-House returns............
* June 15.
+June 13.
1896.
1895
1894.
1893.
June 10.
June 12.
June 13.
June Id
£
£
£
£■
26,555,105 25,493.685 24.916.080 26,249,680
14,094,815
£.036,201
8,902,518
7,446,023
50,484,841 37,512,937 33,015,985 31,715,675
15.257,690 13,931,339
9.S94.335 11.208,017
28,524,624 20,633,780 20,070,051 26,234,158
38.588,433 28,704,043 29,727,813 19,590,705
48.343,538 37,397,723 37.844,493 29,396,885
62tS
46 13-16
50*
70H
2
2
2
*2*
113
106 1-16
99
100%
Si f-lfid. 30 9-16d +
28%d.
38*d.
121,030,000 154.326,000 103,493,000 101,529,000
Messrs. Pixley & Abell write as follows under date of
June 4:
G old —The Bank o f England has received most of the gold that has
arrived during the week, as the Continent il demand has quite ceased.
The total sopUrohased is £ 2 2 1 ,000, m ostly in sovereigns from Aus
tralia. Arrivals: Australia, £ 1 5 9 .0 0 0 ; Capetown. 1 *9,000; Brazil,
£24,00C; West Indies, £52,000; West Coast Africa, £5,000. Total,
£370,000. Shipment to Bombay, £27,500.
Silver—The price slightly fell at the end o f last week, but has since
been very steady at 3 i » i6d. At this level the supplies have not been
large, and there has been no pressure to sell from America. Arrivals:
New Y oik, £153.000; West Indies, £44,000. Total, £ 2d 7, )00 Ship
ments: Bombay, £2,500; Hong Kong, £20,384. Total, £ 2 2,884.
Mexican D ollars—These coin remain nominal in the absence of
business.
The quotations for bullion are reported as follows :
GOLD.
#
London Standard.
June 11. June 4
Bar gold, fine......oz.
Bar gold, parting.oz
Saanlsh Old....... oz.
Do
New......oz.
U. 8. gold coin— oz.
German gold coln.oz
French gold coin oz.
8.
77
77
76
70
70
70
70
d.
9
9*
0
2
3%
3*
3*
s.
77
77
70
76
76
70
76
SILVER.
London Standard. June 11. June 4.
d.
d.
9 Bar t liver. One. oz. 31 5-16
8*1 Bar silver, contain- 31 11-16
0
Ing 5 grs. gold..oz.
S3*
2 Cake silver.........oz.
3H\ Mexican dollars..oz.
30&
3%;
8+t
d.
31*
s ltd
34
30*
The following shows the imports of cereal produce into the
United Kingdom during the first forty weeks of the season,
compared with previous seasons :
__^
IMPORTS,
1895-96.
1894-95
1893-94.
1892-93.
Im portaof wheat,cwt.49.918,570 54.298.866 47.113,7 68 46,156,554
B arley......................... 18,104,000 20.767,244 25,447.706 13,513,301
9,977,211 10,225,925
O a ts..............................10,363,280 10,999,527
1,850,469
1,923.673
1,754,538
Peas . . . ...................... 2,040,710
Beaus.......................... 2,643,822
3,408,892
4,022,324
3,295,664
Indian corn................ 34,688,470 19,583,714 27,320,0/4 23,995,191
Flour........................... 15,739,970 15.209.560 14,807,572 16,058,991
Supplies available for consumption (exclusive of stocks on
September 1):
The exports since January lBt have been as follows :
1896.
E xports.
£
January.. . . . . . 21,127,168
February....... 19,683,456
March.............. 20,422,419
April.................. 18.420.699
May.................... 18,812.927
1165
8
3
3
3
3
3
4
a*
4+
3
2*
294
2H
2*.
2
SH
8+
4+
3
----------1895-96.
Wheat imported, cwt.49,918,570
Importaof flour........ 15,739,970
Sales of home-grown. 12,754,062
1894-95.
54.298.866
15.209.560
17,652,381
1893-94.
47,113,768
14,807,572
18,273,012
1892-93.
46,156,554
16,058,991
22,000,948
. . . 78,412,602
1895-90.
Aver.price wheat, week25s. 5d.
Average price, season..25s. Id.
87,160,807
1894-95.
24s. 5d.
20s. 5d.
80,194,352
1893-94.
23s. lid .
25s. 9d.
84,216,493
1892-93.
27s. 5d.
26s. 8d.
Total . . .
The following shows the quantities of wheat, flour and
maize afloat to the United K ingdom :
Wheat.................. qrs.
Flour, equal to qrs.
Maiz 9 .........
qrs.
E n g lis h
This week.
2,225,000
270,000
550,000
F in a n c ia l
Last week.
2,194,000
226,000
592,000
1895.
3,608,000
246,000
341,000
1894.
3,315,000
344,000
540,090
m a r k e t s —P e r C a b le .
The daily closing quotations for securities, <fcc., at London
are reported by cable as follows for the week ending June 26:
London.
Sat.
Mon.
Tun.
Wed.
Thun.
319,0
Silver, per o z ............... d. 317,g 317,6 317,6 3 1 *
Consols, new , 2% p. ots. 1121»ifl 1129U 1127,6 11213,6 113*6
11216,„
1
1
2
*
112%
113*
For aooount.................
112*
Fr*oh rentes (in Paris) fr. 0 V 2 2 * 0 1 0 7 * 01-17* 101-25 01 -17*
14%
15
14*
147s
Atoh. Top. A 8. F e......... 1 5 *
63*
62*
63
62*
Canadian Paoiflo............ 64
15*
16*
15*
15*
Chesapeake A Ohio....... 1 6 *
79*
78*
79*
Chic. Milw. A 8t. P aul.. 8 0 *
79*
49*
49*
49*
493s
Den v. h Rio Grande, pfd 49%
147q
14*
14*
147e
153s
35*
35*
35*
35*
do
1st preferred. 3 6 *
97
97
97
97
Illinois C entral........... . 9 7 *
157
156
158
158
Lake Shore...................... 1 5 8 *
50*
51*
51*
51*
Louisville A Nashville.- 5238
7
1
*
....
...
71*
71*
Mexican Central 4 s....... 7 1 *
11*
11*
11*
do. Kan. & Tex. com .... 1 2 *
117S
99
9
3
*
99
99
y. Y. Central & Hudson 9 9 *
14*
14*
14%
14%
N. Y. Ont. & W estern..
14*
1
0
*
1
0
*
10%
1
0
*
1
0
*
Norfolk & W est’n, pref
14*
14*
14*
147s
Northern Pacific, p ref.. 15
54
54*
54
54*
54*
P ennsylvania................
7*
7*
7*
Phil. A Read., per ahar>
7*
7*
9*
9%
9*
9*
9*
Southern R y., oom ....... .
29
29
28*
287s
29*
do
p r e f d ............
7*
7*
8
7*
8*
Union Paoiflo..................
17*
16*
18
17*
Wabash, p ref--------- ------ 1 8 *
Fri.
319,a
113*«
1133,9
10105
14*
623s
15*
79*
4 8 7a
1478
35*
96*
155*
51%
71*
11*
99*
14*
9*
14*
54
7*
9*
28*
7*
17*
®ommcrciaI and jFUisccUaucous lletcs
N a t i o n a l B a n k s .— The following information regarding
national banks is from the Treasury Department:
n a tio n a l b a n k s o r g a n ized .
5.011—The First National Bank of d ro v e City, Pennsylvania. Capital
*50,000, A. JB. Graham, President; W. C. Alexander, Cashier
THE CHRONICLE.
1166
[V ol . LXI1,
Gas Securities—Brokers’ Quotations.
C O K P O R A T E E X IS T E N C E E X T E N D E D .
2,341—The Centroville National Bank o f Maryland, Centrevftle, M ary
land, until June 13, 1916.
IN L IQ U ID A T IO N .
3,359—The Southern National Bank o f New Y ork has gone into volun
tary liquidation, by resolution o f its stockholders, dated May
28. to take effect June 10, 1896.
4,371—The Iron City National Bank o f Llano, Texas, has gone into v o l
untary liquidation, by resolution o f its stockholders, dated
April 25, to take effect May 14,1896.
3 636—The National Bank o f Dakota at Huron, South Dakota, has
gone into voluntary liquidation, by resolution o f its stock
holders dated April 18, 1896.
GAS COMPANIES.
B’klyn UDion Gas—Stock.
Consumers’ (Jersey City).
Jersey City & Hoboken..
Metropolitan—Bonds.......
Mutual (N. Y ...................
N. f . & East Riv. 1st 5s..
Preferred ................
Consol. 5»
CH AN G E O F L O C A T IO N A N D T IT L E .
3,528—The First National Bank o f Sprague, Washington. Location
changed to Spokane, Wash., and title to The F idelity N ational
Bank o f Spokane, May 13, 1896.
............
Bid.
94
107
105
GAS COMPANIES.
95
80
99** 101
180
108 110
230 240
103 104
74
70
36 34 3734
9234 93*s
Bid.
Peoples’ (Jersey City)___ 170
Williamsburg 1st 6s...... . 100
Fulton Municipal 6s........ 105
200
Bonds, 6s, i8 9 9 .............. 105**
61
83
Standard pref.............. . 108
78
60
Western Gas............... .
87
175
210
1001*
05
86
109 *8
80
05
88**
i And aoorued Interest.
United States Sub-Treasury.—The following table shows
following are receipts and payments at the Sub-Treasury.
the imports at New York for the week ending for dry goods
Balances.
June 18 and for the week ending for general merchandise
Payments.
Receipts.
Bate.
Coin.
Coin (JerVs. Currency,
June 19 ; also totals since the beginning of the first week in
January.
$
$
$
$
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The
$1,151,657
5,697,801
June20
“ 22
“ 23
“ 24
“ 25
“ 26
$9,806,428
$6,849,458
T otal'
$69,409,477
172,679,048
$57,164,972
168,266,134
FOREIGN IMPORTS AT NEW YORK.
For Week.
|
1893.
|
1894.
|
D r y g o o d s ---- 1 $1,871,210
Gen’l mer’dise
10,783,178
$957,830
5,336,055
T o ta l........ *12,654,383
Since Jan. 1.
Dry goods ...I $69,240,037
Gen’l mer’dise 237,712,796
$6,343,885
$39,137,928
161,241.240
1896.
1895.
$2,196,867
7,609,561
Total 24 weeks $306,952,333 $200,379,168 $242,088,525 $225,431,106
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 22 and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
F or the w eek..
Prev. reported.
1893.
1894.
$7,515,959
154,937,148
$6,328,129
166,788,614
|
1896
1895
$4,972,733
151,119,576
$7,580,286
172,481,146
Total 24 weeks $162,453,107 $173,116,743 #159,092,309 $180,061,432
The following table shows the exports and imports of specie
at the port of New York for the week ending June 20 and
since January 1, 1896, and for the corresponding periods in
1895 and 1894:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Imports
Exports.
Gold.
Week.
Since Jan. l.
Week.
SinceJa* *,
Great B ritain...........
F rance......................
G erm any..................
W est In d ies............
M exico......................
South A m erica.......
A ll other countries.
$ ............ $11,719,260
6,566,313
850,000 18,257,725
20,580
565,271
2,782,517
25,009
$11,132,466
2,164,948
207,281
107,824
4,261,107
207,351
13,923
468,194
48,414
Total 1896.
Total 1895..
Total 1H94.
$890,730 $39,916,086
12,525 34,432,042
7,975,972' 64.666,805
$121,747 $18,489,761
30,876 20,184,187
205,965
9,435,967
10,15*0
10,000
Exports.
Silver.
Week.
Im ports
Since Jan. 1.
Week.
Since Jan
$200
$7,487
1,839
G erm any...................
W est In d ies_______
$1,125,700 $21,167,731
2,829,626
1,950
11,360
1,635
341,351
South A m erica........
A ll other countries..
99,028
485
27,255
63,761
461,890
630,045
44,888
Total 1896..........
Total 1895..........
Total 1894..........
$1,129,285 $24,449,581
742,303 16,349,8S6
426.975 17,245,566
$29,294
19,541
27,741
$1,208,071
833,744
738,709
Great Britain............
Of the above imports for the week in 1896 $108,638 were
American gold coin and $340 were American silver coin. Of
the exports during the same time, $876,150 were American
gold coin.
Hid.
Ask.
Bid.
2,498,836
2,891,968
2,491,616
2,998,949
2,568,506
2,574,738
109,928,589
109,014,748
108,968,737
108,867,293
108,789,962
108,370,140
1,817,993
1,955,025
2,115,634
2,193,811
2,143,166
2,401,909
88,245,998
89,149,083
88,880,485
88,607,617
87,962,546
88,082.065
14,849,521'
— Geo. I, Malcom, 4 Wall Street, New York, makes a spec
ialty of high-grade investment bonds of dividend paying gas
companies in large cities. The attention of our readers is di
rected to Mr. MaJcom’s notices from week to week in the ad
vertising department of the C h r o n i c l e .
—The interest maturing July 1 on $13,638,800 3 per cent
j bonds of the State of Tennessee will be paid at the office o f
Latham, Alexander & Co., fiscal agents of the State of Ten
nessee, or by the Treasurer of the State, at Nashville, on June
29, without rebate.
—Mr. J. M. Klingelsmith has closed his office in Buffaloand
moved permanently to New York, and has opened an office
with Emerson McMillin & Co., 40 Wall Street, where he will
continue to deal in Buffalo securities in addition to first-class
gas bonds and stocks.
—Messrs. Redmond, Kerr & Co. offer for sale on a 4^£ per
cent basis, free from tax, a limited amount of Louisiana &
Missouri River RR. seven per cent preferred stock, guaranteed
by the Chicago & Alton RR. For details see their advertise
ment.
—Messrs. Farson, Leach & Co. offer investors a new gold
loan—city of Kingston, N. Y ., water
principal and in
terest payable in gold coin in New York. For particulars
see their advertisement in our State and City Department.
—Messrs: Cbas. T. W ing & Co. offer s e v e r a l issues o f bonds
o f the New York New Haven & Hartford and Pennsylvania
systems. Their advertisement w ill be f o u n d in the fr o D t part
o f t o - d a y ’s C h r o n i c l e .
A uction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. V. Harnett & Co.:
Shat'es.
100 Am er. W ood D ecorating
M acb. Co., $25 e a c h ..$10 lot
370 The N orth Amer. Teleg.
Co., M innesota............... 65
Bonds.
$1,000 City Railw’y Im prove
m ent Co. 6 8 ,1 9 0 9 ............... $200
By Messrs. Adrian H. Muller & Son:
Shares.
15 Gallatin Nat. B an k.......... 300
10 Atl. & Char. Air-Line R y . 98
7 Am erican Dist. Teleg. Co. 25
25 Canaa Cattle Car C o......... 5
41 N. Y. Nat. E xch . B ank___100
8 Title Guar. & Trust C o___291
4 8 N . J. & N . Y . RR. Co. com . 3
Bonds.
$12,000 New Jersey Steam
boat Co. con. 5s, 1921,M&N. 92
$2,000 W’m eburg Gas-L. Co.
20-year 6s, 1900, A&O........106
$200 Mobile & Binning. RR.
prior lien 5s, 1 9 4 5 ................ 61
$400 Mobile & B inning. RR .
1st 4s, 1945........................... 21
IJauMug and ffiim ticial.
City R ailroad Securities—Brokers’ Quotations.
Atlan. Ave., B’klyn—
Con. 5s, g., 1931 ..A& O $104**
Impt. 5 s, g., 1934.. J&J ___
85
Bleek. St. & F u l.F .-S tk. 27
81
lstm ort., 7s, 1900.J&J §107 110
Brooklyn Rapid Transit. 22 »* 23
B’way<fc7thAve.—Stock. 192 195
lstm ort.,58,1904.J&D $104** 100 **
2d mort., 5s, 1914.J&J $108
B’waylst,5s,guar.l924 $114
2d5s,lnt.asrent’1.1905 1104** 100
Consol. 5a, 1943...J&D 116 116*4
Brooklyn City—Stock.... 109»* 170
Consol. 5s, 1941...J&J 1 113*4 113**
Bklvn. Crosst’n 5s. 1908 103
BkPn.Q’ nsCo.&8ub.l8t 100 102
Bklyn.C.&N’wt’wn—Stk 170 190
5s, 1039........... ........ . . . jgllO W Central Crosstown—Stk. 192
*011
id... aU-OOAN
1st M.,0s.l922...M&N;$117
Cen.Pk. N.&E.Riv.—Stk. 160
Consol. 7s, 1902... J&D 114 ll6
Columbus & 9th Ave. 5s. 114 7e 115
Christ’p’r&lOth SL -Stk. 150 155
103
§ And aoorued interest
x Ex-dividend.
2,462,220
3,018,234
2,337,616
2,702,814
1,795,459
2,533,178
Spencer Trask & Co.,
Aft
BANKERS,
D. D. K. B. & Bat’y —Stk. 105 167
1st, gold, 5s, 1932. J&D 112 115
S crip............................... $100 102
* 7 Sc 2 9 P I N E S T R E E T ,
NEW YO K E.
Eighth Avenue—S tock... 340
65 Stale Street, Albany,
Scrip, 6a, a914.............. 100
42d& Gr. S t Fer.—Stock 315 327
I N V E S T M E N T
S E C U R IT IE S .
00
42d St. Man. & St.N. Av. 53
1st mort. 0s, 1910.M&S $115*4 116**
2d m ort Income 0s. J&J 68
70
Lex.Ave.&Pav.Ferry 5s. 114 114^4
Metropolitan Traction... 106 ** 107
Ninth Avenue—S took... 100
Second Avenue—Stock.. 100 i'0’4*
1st mort.,5s,1909.M&N 109** 110
NO . 4 0 W A L L S T ., N E W Y O R K .
Debenture 5s, 1909.J&J 101 103
Sixth Avenue—Stook___ 194
S
am u el D. Da v is ,
C h as. B , V a n N ostran d ,
Third Avenue—Stock,'... 174 175*4
lstm ort., 5Frl#37.J<ftJ 121** 122
Twenty-Third St.—St’ k. 312
George B a b c l a y Moffat .
A le x an d e r M. W h it e . Jb
Deb. 5s, 1903................ 100 106
Union Ry—S tock ...........
98 103
o f f a t
h i t e
1st 53,1942 — iinuMui., £103 104
West&iesffr, l8t,gu^ga^}101 102
S am uel D. D avis & Co.,
BANKERS,
M
& W
,
B A NK ERS
30
P IN E
S T R E E T ,
-
-
N E W Y O B H
IN V E S T M E N T S E C U R IT IE S .
THE CHRONICLE
J cxe 37, 1896.]
'£ h c
|pz r ik z v s ’ © a le t t e .
D I V ID E N D S .
Same o f Company.
Per
Cent.
When
Payable.
Books closed.
R a ilr o a d s .
1
Auk.
Chic. R. T. A Pacific (quar.)
to July 9
Del. Lack. A West. (quar.).
1% Julv 20
to July 20
July 1*
2
Fitchburg. pref...................
to July 15
2% July 15
Ga. HR. A Bkg. (quar.)
to July 14
$2
July
1
Granite...................................
t o ----------3*9 July
8
Little Schuylkill Nav. RR. A Coal
to July 7
July 15
2
Northern of N. J .................
to July 16
Julv
3%
1
Petersburg, com. Sc p ref...
to July 4
1
P. Ft. Wayne Sc C. spec. gu. (qr.)
1% July
t o -------7
1% July
“
“
reg. gu. (qr.).
t o -------1
Rich. Ft. Sl Po., com. Sc div. obii
to July 4
3 >4 Julv
July
1
3%
Richmond Sc Petersburg............
to July 4
1 June 16 to July 5
Rock lal.ind A Peoria................ 1 2%i July
July
1
Worcester Nashua Sc Rochester
to June 30
! 21*
B an ks.
July
1
Ast->r Place.....................................
— to -------3
1
Julv
5
Bank of New York. N. B A ___
6 24 to June30
July
6
1
Bowery
..................................
e24 to June30
July
1
4
Brooklyn, Brooklyn....................
e 24 to Jun©30
34
July
1
O ntnu National..........................
e 26 to July 1
July
4
1
Chatham National (quar.).........
e27 to June30
Julv
1
4
Colum bia...........
..............
e21 to June 30
July
1
— t o ----------4
Ea«t River National....................
Julv
1
34
Fourth National......... .................
June30
Julv
1
3
Home........................... ...................
— lo
July
1
10
Importers’ A Traders* National
120 to June30
July
National.........................
1 June 20 to June30
4
1 June 26 to June30
Kings Conuty. Brooklyn..............
3*9 July
1 June 24 to June 30
5
July
Leather Manufacturers’ National
Ju'y
1 June 26 to June 30
Manufacturers’ Natl. (Brooklyn)
4
1 June 24 to J une 30
July
Market A Pulton National..........
5
July
6
Mechanic#* (Brooklyn)................. j
1 June 25 to July 1
Me<*riaute*’ national....................
4
July
1 June 25 to July 5
Inly
Mechanic*’ A Traders* (tfr’klyn)' 5
1 ----------- to
July
Mercantile National .............. ...j
1 June 24 to Jane30
3
3
July
1 June 25 to June30
Merchant#' Exchange National.
inly
1 Iune27 to June30
National Bank of the Republic..i 4
July
1 Juue2t to J une 30
r. road way....................... j 6
July
1 June 25 to June 30
National Butchers' A Drovers*..i 4
July
1 ----------to
National Cttv (Brooklyn)............ 10
National Citizens'..........................
3*9 July 1 -------------to
July
liJune 24 to June 30
National Park................................
5
July
N. Y. Countv National..............
1 June25 to June30
4
July
to
teanib Ward...........................
3
............. 3 July i June 24 to June30
July
1 June 23 to July 1
North Side (Brooklyn).................
3
Oriental.............................. ...........
5 July 1 June 20 to July 1
5 July 1 June 26 to June 30
people's ....... .
..............
1 June 24 to June 30
July
Phenlx National...........................
3
1 June 27 to July 1
July
RlvfrtWe (quar)...........................
1 *9
1 June 26 to June 30
July
Seaboard National ........................
3
Second National............ .
......
0 July 1 June 25 to July 1
1 ---------- to
Snrague National (Brooklyn)... i 3
July
1 June 24 to June30
union, Brooklyn...........................
July
2
J June 26 to July 1
July
West Side.............................. .
6
T r u s t Com p a n ic *.
1 June 28 to June 30
Atlantic (quar.).............................
2
July
1 June 21 to July 1
4
July
Brooklyn. Brooklyn (quar.).......
Continental (quar.) .....................
1% July 10! July 2 to July 10
1 June 21 to June30
2
July
Long (sl. L. A r.. Bklyn. (quar.)
1 June 4 to July 1
Manhattan...................................... . 2% July
1 June 27 to July l
Manufacturer#’ (Brooklyn) . . . .
2
July
1 June 24 to June 30
People's. Brooklyn (quar)..........
2
July
l Jane 25 to June 30
-t »T.c .............................................
3
July
Union (quar.)..
..............
3
July It July 6 to July 10
1 June 28 to J uly 1
(Jolted stale# Mori A Trust___
3
July
F ire In s u r a n c e .
— to
July
VHam ilton.......................................
.vf lacellan eoiia.
7jJune 28 to July 7
Cent. A S. A. Teleg. (quar.).........
1 \ July
1*9 Allg. 1 July 16 to A UK- 2
Ed non Elec. £11. of N. Y. (quar).
Equitable Gas Light of N Y . (qr.)
3
July 15jJuly 2 to July 15
II. if.A Fair Pass. HR.,Phil.,com.
15 July 7 to July 15
do
do
do
pref.
3** S Ju,5li June 24 to July 1
International Bell Telep. Ltd___
(i
July
Mexican Telegraph (quar > .......
2*a July 10 July 4 to July 10
New Orleans Gas L igh t..............
4
July 15 July 8 to July 16
Blew York A E. R ret Ferry (qr.)
1
June 15 June 7 to June 15
to
United Gas Improvement (qr.).
2
July 15 ■
to July 15
Western Gae of Milwaukee. . . .
2*, July 15 July
W A L L STR EET. F R ID A Y , JL'NE 2 6 , 1 S 9 6 -5 P. 31.
The .Honey Market and Financial Situation.—Legitimate
bngilWB In* been limited to Very moderate proportions dur
ing the week in W all Street. The speculative manipulation
and consequent heavy decline in American Sugar stock has
been accompanied by, and is doubtless in some measure resuonsible for, lower quotations for all classes of securities.
Burners on Monday o f steps by the Spanish Government
towards increasing its naval force were also a disturbing
iniluence, notwithstanding they proved to be without
foundation.
The London market for Americans has been more steady
than our own : sterling exchange lias been weak, and it is
evident that the sentiment of English capitalists in regard to
American securities has improved since the attitude of the
Republican Party on the silver question was made known at
St. Louis.
Unusual activity in silver bullion certificates lias been a
feature o f the week. This activity, which was chiefly specu
lative, appears to have been stimulated by the prospect of a
declaration for the free coinage o f silver by the National
Democratic Convention, which is to meet at Chicago,
July 7.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1% to" 2 per
cent. To-day’s rates on call were 1% to 2 per cent. Prime
oommercial paper is quoted at 4i@5 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £77,084, and the percent
age o f reserve to liabilities 'was 59’37 against 59’93 last
1167
week ; the discount rate remains unchanged at 2 per cent.
The Bank o f France shows an increase of 8,853,000 francs in
gold and 493,000 francs in silver.
The New York City Clearing-House banks in their statement
of June 20 showed a decrease in the reserve held of $1,133,700
and a surplus over the required reserve of $19,918,250, against
$20,677,050 the previous week.
C ap ita l................
Surplus.............
Loans A diso’ni-s.
C ircu lation........
Net deposits.......
Sf sole. ..............
Legal tenders___
Reserve held.......
Legal reserve___
Surplus reserve
1896.
June 20.
Differen’sfrom
Prev. week.
1895
June 22.
1894.
June 23.
$
60.622.700
74.075.700
474,783,600
14.607.600
495,329,800
61.554.600
82,196,100
143,750,700
123,832,450
s
4i
62.622.700
72.302.700
512.906.000
13,194,500
574.459.000
65,875,300
114,283,700
180.159.000
143,614,750
$
59,922,700
71,804,400
468,283,400
9,739,600
573.636.500
98,462,900
121,301,600
219.764.500
143,409,125
I n c . 505,300
In c.
96,700
D ec.1,499,600
Dec. 840,300
Dec. 293,400
Dec.1,133,700
Dec. 374,900
19,918,250 Dec.
758.8001 36,544.250 76,355,375
Foreign Exchange.—The market for foreign exchange
has continued dull and easy this week on a limited demand.
Some security bills have been offered and the quotations
are lower.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days’ sterling, 4 87@4 8 7 : demand, 4 88@4 88%; cables,
4 88%@4 88%. Posted rates of leading bankers follow:
June 26.
Sixty Days.
Demand.
Prime bankers’ sterling bills on L ond on4 88
4 89
Prime com m ercial.......... ........................... 4 8 6 q ® 4 86%
............
Documentary c o m m e r cia l....................... 4 S 6 % »4 stiq
..........
Paris bankers’ (franos)............................... 5 167s® 5 1 6 V 5 155a®5 15
401e®40316 '405,«®4038
Amsterdam (K U ild e r s l bankers................
P ^ a n k fo r tn r R r e m e n ir a ie b m a r k s l h ’k e r s ’
95%*9551b 1 95%a953a
The following- - 1 re the rates of domestio exchange on New
York at the ui der-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying par, selling %
premium : New Orleans, bank, $1 50 premium ; commercial,
50c. per $1,090 premium; Chicago, 75c. per $1,000 premium;
St. Louis, 30c.@50c. per $1,000 premium*
United States Bonds.—Government bonds have been
weak. Sales at the Board include $96,000 4s, coup., 1925,
at 117 to 117%; $10,000 4s, reg., 1925, at 117%; $25,500 4s,
coup., 1907, at 110: $7,000 4s. reg., 1907, at 108% to 108%;
$7,500 5s, coup., at 113 to 113%; $5,000 5s, reg., at 113 and
$20,000 2s. reg., a t 95. The following are the closing quota
tions :
Interest June
Periods
20.
June
22.
June
23.
June
24.
June
2o.
June
26.
95 * 91% * 9 4 %
2b, ..... ............re*. Q.-Moh. * 94*3* 94*2 95
4s, 1907............ reg. Q.-Jan. I0ft*3 *10**3 -1083* 1085s *10413 *108 *3
4s. 1907....... . .coup. Q.-Jan. *109% *109% U lO 1* 110 *1093i *10934
117
4s, 1925.............reg. Q.-Feb. *11758' 1177s *11738 •11738 *117
4s, 1925..........coup. Q.-Feb. •1175s 117% 117** 11713 117ie 117
113 *113
5h, 1904.............reg. Ck-Feb. ‘ 113 *113 '113 *113
113 *113
113 *113
5s, 1904.......... coup. Q.- Feb. ll3 is *113
6s, our’oy,’97. .Ten. j. A J. *10O*9 *100»3 *100*3 *100*3 *100^ *10013
6s, our’ey,’9 8 .. .’'eK. J. & J. *103 *103 *103 *103 *103 *103
3s, our'oy,’99...reg. J. & J. *105 *105 *105 *105 *105 *105
4s, (Cher.)1896.reg. March. *100 *100 *100 *100 *100 *100
4ft, (Cher.)1897.reg. March. *100 *100 *100 *100 *100 *100
As, (Cher.>1898.reg. March. *100 *100 *100 *100 *100 *100
4a, (Cber.)1899.reK. March. *100 *100 *100 *100 *100 *100
* Tins is m e prtoe bid at the m orning board, no sale was mads.
State and Railroad Bonds.—Sales of State bonds at the
Board were limited to $3,000 Virginia fund, debt 2-3s of 1991
at 59%.
The principal feature of the railway bond market is the
dulness which has prevailed. Of the active list the Atchisons,
Oregon Improvement, Chicago & Northern Pacific, Texas &
Pacific and Southern Ry. bonds have declined an average of
about >ne p oin t; Oregon Short Line 6s have advanced and
Kansas Pacific. Chicago Sc East. Illinois, Mo. Kan. & Texas,
Ches. & Ohio, St. Louis & S. F., Denver & Rio Grande, Bur
lington Sc Quincy, Northern Pacific, Milwaukee & St. Paul,
Wabash and Reading bonds have been generally steady.
There have been few developments affecting any securities
of this class.
Railroad and Miscellaneous Stocks.—A decline of nearly
ten per cent in American Sugar is the prominent feature of
the stock market. The sales of this stock have been on a
large scale, amounting to over 150,000 shares on Wednesday
and reaching a total of 553,318 shares during the week. This
movement appears to have been the result of manipulation,
as are the fluctuations of this stock generally. The effect
was to depress prices, especially in the industrial list, where
declines of 1% to 3 points are common.
The coal stocks have been conspicuous for strength, on the
announcement of an advance in the price of anthracite
coal, and Delaware & Hudson Canal gained 3 points on lim
ited sales. Other railway shares have generally been weak,
under the influence of Sugar stock and the absence of com
mission house buying. The grangers have declined nearly 2
points, and the average loss of the active list is not much
below that figure, not withstanding St. Paul’s excellent show
ing for the third week in June and no pressure of long stock
in evidence. To-day Lake Shore on small transactions scored
an exceptional advance of 3 per cent and extensive covering
of shorts in Sugar Refining, and some buying for a rally, car
ried the price up nearly as much.
THE CHRONICLE.
1168
[Vol. LXIL
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending JUKE ‘26, and since JAN. 1, 1 8 9 6 .
H IGH EST AND LOWEST PRICES.
Saturday,
June 20.
Monday,
June 22.
Tuesday,
June 23.
W ednesday,
June 24.
Thursday,
June 25.
Friday,
June 26.
STOCKS.
A c t i v e It IS. S t o c k s .
14%
Do
2034
p re f.
%
18%
23 B rooklyn Rapid Transit.
61 Canadian P aoille............
503s
107%
16 Central P a cific...
15%j Chesapeake A Oh
160 [Chicago & A lt o n .
77%
43 [Chicago & Eastern Illinois.
Do
pref.
77
773e
76% 78% 76% 77%
7612 77% 76% 77%
78% 78%
Do
129 129 *129% 130 $1 29i4l2 9i4 ‘ 128% 130 §12834 129
p ref.
*128% 129
104 104% 1023il0358 102 103% 102 102% 1023s 1023s 1023s 102%
61481,114814 *148
Do
pref.
*14.fi
§150 150 *148 .........
*148
6938 69% Chicago R ock Island & Pacific
69
70%
68% 69%
68% 69%
68% 69%
70% 70%
43
4238 4238 *42
43 Chicago St. Paul Minn. & Om
44
43
4112 4212 >42% 44
*43
Do
pref.
*123 128 *123 128 *123 128 *123 128 *123 128 *123 128
323e 32% 3214 32% §31% 31%
32% 32% Cleve. Cincin. Chic. & St. L ...
32% 32 34 32% 32%
Do
p ref.
16% 17% Columbus H ocking Val. & T ol
14k} 15
15
16%
*14ki 16
15kl 15H
15*2 15%
Do
p ref.
50
50
*51
50
60
59
50
58
55% 55% §60
458
1244i 125% 125% 127% 127% 12734 Delaw are & H udson................
4126% 126% 125 125k} 125 125
1613i 162
*160 163 DelawareLackawauna&W est
-160 163 *159 163
§161 161
D enver & R io G ran d e...........
*12% 1312 *12% 13i2
Do
pref
47
47% 48%
47% 47%
47% 4734 47% 47% §47
48% 48%
143s 14% §14% 14% *14
14% E r ie .................................. . . . . .
14% *14% 1434 14
15
*14
34
34
Do
1st p ref.
*3414 35k} *34
35%
§20
20
Do
2d p ref.
29% 29%
sv ille & Terre Ha ‘
35
*29% 35
*29% 35
*30
*2912 33
*2912 35
1183
4
1183
4
Great
Northern,
p
r
e
f..
*116
*116
*116
119
119
*116
119
119
*11G 119
93% 93% Illinois C entral............
*94% 96% *9312 96
94
94
96
§95% 95% *94
8
8 Iow a C entral...............
>8%
8%
*8%
8%
*8%
*8
83s
8%
8%
*8%
32
Do
32
32
*32
*32
§32
32
34
34
p ref.
§33% 33% §32
Lake Erie & W estern.
*17
18%
*1819
18% 18%
18% 18%
19
18% 18%
19
Do
§70% 7038
70
71
pref
72
70% 70%
71
*71
71k? 70 k} 71
150% 153
15034 151U 150 150
154 154 *150 154% *150 153
74
75 L ong Islan d..........................
*75
*74
78
78
75
75
76
76
77
*75
493s 50%
50
493s 50% 49% 50%
50% Louisville A N ashville............
51% 51k} 4918 50%
*834
9%
9 Louisv. New A lbany & C h ic..
8%
8%
8%
H% *8%
*9
9%
8%
8%
*20
21
Do
pref.
*20
22
22
21
*20
20
20
*19
22
*20
102 102% Manhattan E lev a ted ,con sol..
103 103% 102% 103
10134 103
*103 103% 102k? 103
107% 107% *107 109 *107 109 *106 109 §106% 106% M etropolitan T ra ction ..........
*108 109
96
96
96
96 M ichigan Central.....................
96
96
96
96
*95% 98
96is 96%
*17
19 M inneapolis & St. L ou is.......
*17
19
*17% 1 9 k} *
19
19ks *17% 19% *17
Do
1st pref
79% *78
79%
79% *78
79 k5 *78% 79% *78
*78% 79ki *78
*46
Do
2d pref.
*47
48
46
4S%
48
48% 46% 46% *46
46
*47
*11
11% M issouriKansas & T ex as.......
11% § n
11
* n % 12%
n % n % *11% I lk } *11
Do
p ref.
23% 24k} 24
23% 24ki 23% 243s 23% 24%
25% 25%
24%
2334 24%
23
23% Missouri P acific...................
2234 23%
22% 23%
22% 23%
22is 23%
*20% 22 M obile A O h io......................
23
22
20
*20
*20% 22k? *
2012 20k? 20
*68
85
*68
85
85
*68
85
85
85
*68
*68
*68
4 3 12 43%
97% 97% 96% 96% §96% 96% 97
97
§96% 96% §97% 97%
*12
14
*12
13%
*12
13
13% *12
13% *12
13% *12
Do
*70
80
*70
80
*70
80
*70
80
80
I s t p r e f.
*70
80
*70
Do
31% *29
31%
32% *29
2d p ref.
*31
31%
31% 32
*29
30
*29
*171
*173
174
174
*172
173%
174
*173
*172
*173
173%
173 k?
13% 14%
14
14%
14is *13% 14
14
*14% 14%
14% *14
9
‘ 8%
9
*8%
*8%
*8%
8%
8%
9%
9
8%
8%
24% 24%
Do
pref.
24% 24^4 24
25
24
24
24%
23 k? 24% *24
4
4 N orf.A W estern,2d instal. pd.
*5
6
*4
*4
*5
6
*5
6
5%
5%
§10% 10% *10
D o p ref.,tr.otfs.2din s.pd.
9%
*10% 11
*9% 10%
9%
9%
9%
10k}
43s
4%
4% Nor. P ac., 1st instalm ’ t paid.
4%
4%
4%
4%
4%
4%
4k}
4k}
4k?
D o pref., lstin sta l. paid
14% 14%
14% 14%
13% 14
14
14
14%
1414 14% *14
*14
*14
20
*14
20
*14
*14
20
*14
20
20
20
15% 15%
22%
22
hi
*38
§18% 18%
*23*2 24
62
662
50% 50kj
*106 107%
*15% 16%
16
16
*155 160
79%
79
43
*41
15%
*15
*53
*115
*4%
15% 14%
*15
16
56% *53
15
117
5
*10% 11%
*20
25
*85
90
'112 117
18% 19
Mia
9%
28% 28*3
8
8
*30
35
*70
74
7%
7%
3%
*2%
7
7
17% 17%
9%
9%
37
37
2%
*1%
*13
*55
13%
55%
122% 122%
*103
67
*98
67%
*159%
16%
32%
*63
*24%
590%
5%
*25%
*119
*158
*68%
24%
5%
14
20%
*%
18%
23%
*61%
50
105%
*1514
15%
*155
77
*41
104
67%
101
67%
100
17
32%
65%
26
90%
5%
26
.........
160
69%
24%
5%
*4
9%
*20
*85
112
18%
9%
27%
7%
*30
*70
7%
*2 %
7
10%
9%
*34%
* 1%
14%
21%
%
18%
23%
62 k?
50
106
16
15%
160
78%
43
14
20%
*%
*17%
*223*
*61
*49^2
105%
*15
15
*155
76%
*41
15
15
16
*14%
56% *53
15 *
*115
*56
4%
*4
10
10
25
*20
90
*85
'112
117
18%
18%
7%
9%
27%
28%
*7%
7%
*30
35
*70
74
7%
7%
*2%
3%
7
6%
16%
17%
9
9%
*34%
36
2
*1 %
14%
21%
%
18%
24
62
50
106
16
15ki
160
77%
43
15%
14%
15% *14%
56% *53
15 *
117
*115
10% *10%
‘ 8%
9
8%
62% 62% 60%
19% 19% 19
84% 85 | 84%
15%
15%
15% *i4k?
56% §52%
15
*115
58
*4
4%
*9%
10%
20
25
85
90
114 *111
18%
18%
9*8%
27%
28%
*7%
8
*30
35
*70
74
57%
7%
*2%
3%
*6%
6%
16%
16%
9
9%
35% *34%
*1%
2
143s
20%
%
18%
23
60%
50
107%
16%
15ks
160
77%
41
15%
15%
52%
15
13%
20%
*%
18%
*22
‘ 60%
503s
106%
‘ 15%
*15
*155
76%
*41
15% Phila. & Reading 2dinst. p d.
15%
Do
53
pref.
15
15
*15
53
*115
57
*4%
4%
*9%
10%
*18
25
*85
90
111
115
18%
19
9%
8%
27%
28%
7%
8
‘ 30
35
*70
74
7%
7%
* 2%
3%
6%
7%
16%
16%
9
9%
*34%
37
* 1%
2
117
117
19,480
7,892
.........I
1,270;
215
650
......
912
3,870
12% Jan. 7 17% Feb. 24
19 June 10, 28% Feb. 24
% June 10,
% Feb. 6
13
Mar. 6
— ------- 44 Jan. 27
20% Mar. 25 25% Apr. 23
52
Jan.'
“
4 62%. M ay _27
.
45% Jan. 7! 51% Feb. 10
94% Jan. 7 jl0 9 % Apr. 23
14% Jan. 9. 15% Feb. 15
2,333 13 Jan. 7 18% Apr. 23
155 Apr. 2 1155 Apr. 2
56,575 71% Jan. 7 82% Apr. 24
100 40% Apr. 131 43 Jan. 18
98 Jan. 23 100% Mar. 5
116,225 63% Jan. 7| 79% June 17
332 125 Jan. 7 1 3 0 % Mar. 2
14,055 94% Jan. 7,106% Apr. 23
235 142 Jan. 8;149% Apr. 27
29,776 62 Jan. 7 74% Feb. 24
1,000 31% Jan. 7 1 45% Apr. 27
117 Jan. 7,124% Feb. 25
1,350 31 Jan. 7 1 39% Feb. 10
15 80 June 18[ 90% Feb. 20
1,660 14% June 22 18% Jan. 23
502 50 June 22' 55% .Time25
2,851 119% Jan. 7 129% Feb. 11
425 155% Jan. 7,166 June 5
12% Apr. 16; 14 Feb. 4
1,255 40 Jan. 71 51 Feb. 24
757 13% June 10 15% Mar. 12
280 34 June 26 413* Mar. 17
10 20% May 14 25 Mar. 16
100 25 Jan. 15 34% Feb. 24
100 108% Mar. 13 121 M ay 7
226 89% Jan. 8 98 Jan. 31
100 7% Jan. 7 10% Feb. 7
185 25 Jan. 6 38 Apr. 23
415 17*2 Apr. 11 22% Feb. 5
748 645s Jan. 7 75 Feb. 7
1,213 134% Jan. 7 154% June 17
600 74 June 26 84 Jan. 7
49,111 3978Jan. 7 555s Feb. 24
375
'
8 10% Feb. 18
7% Jan.
100 16% Jan. 6 24% Feb. 13
6,098 96% Jan. 9 113% Feb. 11
150 92 Jan. 6 109% M ay 25
855 93 Mar. 23 97% Feb. 11
16 June 11 21% Feb. 21
72 Jan. 10 83 Feb. 21
200 40 Jan. 7 53% Apr. 22
345 10% Jan. 6 13% Feb. 21
4,890 22 Jan. 7 31% Feb. 25
16,660 19% June 10 29% Apr. 24
200 18% M ay 11 25 JaD. 11
100
43 Mar. 23 51% Jan. 28
93% Jan. 7 99% Feb. 10
11 Jan. 2 15 Jan. 22
71% Jan. 17 80 J an. 22
200 26 Jan. 17 35% A pr. 13
170 A pr. 30 186 Feb. 10
2,370 12% Jan. 7 15% Jan. 31
400
7% Mar. 26 11% Jan 31
2,070 21% Jan. 7 31% Feb. 6
320
5% June 16
t% Apr. 29
125 t4% M ay 8 10% June 15
11,205
5% May 27
t% M ay 23
1,395 110 Apr. 16 117% Mar. 9
~
‘ "18“ 22 Apr. 14
tlO
Feb.
t3% A pr. 14 18% Feb. 24
28,467 f2% Jan. 7 16 June 16
14% Jan. 7 18% Feb. 7
” l5 0 52 Jan. 8 59 Feb. 27
17 Jan. 15 20% Jan. 31
16 Feb. 8 18% Feb. 10
114 Mar. 30 118 Jan. 3
57 Jan. 29 60% Jan. 3
5% Feb. 7
4 Jan. 7
400
9 Jan. 6 13 Feb. 26
22 June 12 27% Feb. 24
90 Feb. 4 91 Feb. 10
10 110 Jan. 22 115 Jan. 11
1,880 18% Mar. 24 22% Jan. 14
7% Jan. 8 11 Feb. 6
2,035
6,335 23% Jan. 7 33% Feb. 25
9% Feb. 25
7% June 10
335
32 June 8 35 M ay 6
75 Apr. 6 75 A pr. 6
3% Jan. 7 10 Apr. 21
3,529
5% Feb. 13
2 June 10
7% Feb. 24
6% Jan. 7
1,070
4,451 14% Jan. 7 19% Feb. 24
8% Mar. 19 13% Feb. 14
24,500
1Q0 31% Mar. 19 40% Feb. 18
4% Feb. 24
2% Apr. 2
479
St. Louis A lt. & T. H .,tr.rects
4% St. Louis Southwestern...........
Do
pref.
10
22 % St. P aul & D uluth.....................
Do
pref.
90
115 St. Paul Minn. & M an itoba ...
19% Southern Paciflo C o.................
8 7s Southern,vo ting trust, oertif.
27% Do pref., votin g trust, oert.
7% T exas & P acific.........................
35 Toledo & Ohio C entral............
Do
pref.
74
7% U nion Pacific trust receip ts..
Union
Paciflo
D
enver
&
G
ulf.
3%
6 % W abash................... . ..................
D
o
pref.
17
9% W heeling & Lake E rie............
Do
pref.
37
2 Wise. Cen. Co., votin g tr. c tfs.
M is c e lla n e o u s S to c k s .
300 11% June 3
13
13
12 % 12%>American Cotton Oil Co
*12% 13%
910 53% June 2t,
54 I
Do
pref.
53%_
53% 53%
54% 54%
113% 116% 113 115% 113% 116% A m erican Sugar Refining Co. 553,318 97 Jan. 7
102% 102% 101% 102 102 102 [
1,242 95 Jan. 6
Do
pref.
63% 65% A m erican T obacoo C o............ 56,043 62% M ay 8
65% 66%
65% 65%
388 97% Apr. 23
§99
99%j
Do
pref.
98% 99%
66% 66% 66% 66% 'Chicago Gas Co., certs, o f dep.
11,455, 62 Jan. 7
65% 67
156 159
158 158 *157% 159% Consolidated Gas C om pany..
1,110 143 Jan. 7
15% 16
15% 15% Dis.<feC.F.Co.,tr.ots.allins.pd. 10,321 14 June 10
15% 16
30
31
8,100 22 J an. 6
30% 30% General E lectrio C o............
29% 30%
60 June 11
Illinois Steel C o ..................
*60
*63
67
68
§25
25
975 22% Mar. 7
§25
25
*23
26 National Lead Co................
845 82% Jan. 7
89
Do
pref.
88% 88% §88 89
89
4 Jan. 6
5%
1,720
5%
5%
*5
5% North Am erican C o.................
5%
2,225 22% Jan. 7
24
24%
24% 24% Pacific M ail...............................
24% 25
Pipe Line Certificates.............
115 ___
1 1 3 % ___
114%
155 160 §160 160
11 148 J an.
155 160 Pullm an P alace Car Company
69% 69%
69% 70
69% 69% Silver B ullion Certificates___ / , 370.000 67 % J an.
22% 23%
22% 23% Tennessee Coal Iron & E R ... 11,560 20% June 10
23
23%
Do
pref.
5%
710 43s Mar. 24
5%
5%
5% U.S1Cord.Co.,tr.reo.all ins.pd.
*10
10%
100[ 8 \ Mar. 24
10% 10% *10 10%
Pref., tr. reo. all ins. pd.
8
8%
1,600, 7% June 26
8%
*8
7%
8 United States Leather Co.......
60
61
60% 60%
57% 60%
Do
pref. 22,300, 56% Jan. 9
17% 18
18
830 17% June 24
18
18
18 United States Rubber C o.......
84% 84%
83% 84%
83% 83% Western Union Telegraph___] 7 .2 8 3 1 81% Jan. 22
5%
5%
11
*10 10 %
8%
*8
8%
62%
61
61%
19
518% 18%
84% 84%
84%
‘ These are bid and asked; no sale made,
*10
13%
14%
21%
20%
%
*%
18%
18%
2234 *22
6034
61
49k? 50
106
106
16
*1512
15
15%
160 *155
7634
77%
41
43
117
*4
4%
*9%
10
‘ 20
25
*85
90
117 5114
18% 18%
8%
3%
27%
28%
*7%
8
30
35
70
74
7%
7%
* 2%
3%
*6%
6%
16%
17
9
9%
34%
36
2
*1%
12% 13% *12% 13%
54% 55% 54
54%
118% 121% 115% 120
5103 103% 102% 103
65% 66%
65% 67
99 ......... 599% 100%
66% 07% 66% 67%
157% 159% 157% 158
15% 16%
15% 16%
31% 32
29% 31%
‘
*58% 65
‘ 58% 68%
24% 24% 23% 24
89
89
89
89
5%
5%
5
5
24
24%
24% 24%
___
1 1 8 % .........*115
157 160 '*156 160
*69
69%
69% 69%
23
24 ! 23
23%
*5%
14%
20%
*%
18%
2234
60%
49%
105
*1538
15
*155
76
*41
Sales of \ Range fo r year 1896
the
[ On basis o f roo-share lots. 1
W eek, |------------------------------------------ :
Shares. I Lowest.
( Highest.
§ Less than 100 slia es.
i Before payment of any instalment, t Ex-div. and sorip.
19 Jan. 27
69 Feb. 11
126% Apr. 21
105% J u n e l2
95 Apr. 2
103 Feb. 13
70% M ay 4
164% A pr. 29
20% Apr. 23
39% Mar. 13
75 Apr. 15
28% A pr. 21
92 May 4
6% Feb. 24
31 Feb. 10
L64 Feb. 11
70 Feb. 24
34% Feb. 10
63fl Feb. 7
12% Feb. 7
11% Feb. 8
69% Feb. 14
29 Jan. 13
873ft A pr. 22
THE CHRONICLE.
JraE 27, 1896.J
1169
NEW YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOCKS.
June 26.
ISiCTlVt stocks.
IS Indicates unlisted.
Bid.
R a ilr o a d S to c k s .
A lbany & Susquehanna....... .
Ann A rbor................. .............
Preferred..............................
Balt. As O. S. W. p ref., n ew ...
B illeville A South. I1L pref.. .100
.100
.100
P referred......................
-100
B ir L Cedar R apids A Nor.
Chicago Great W estern...
.100
. 50
Dea Momes & Pol t D o d g e .... .100
Preferred.............. ................. .100
.100
Preferred 1!................. ...
...bO
E vansville & Terre n . pri
..100
Pilot. A Fere M arquette...
Indiana Illinois & Iow a.
Keofcuk A Deg M o in e s .....
P referred................. . . . .
Loalsv. St. Louis A T exas.
Morrt* A E ssex .
Preferred.
.100
^100
Ask.
Lowest,
..100
..100
.100
..100
.100
.. 50
_10G
100
..1 00
..1 0 0
..IOC
. g-C,
Rensselaer A Saratoga___
183% Mav
11% Feb.
29% Feb.
7 Feb.
131% Jau.
102 May
25 May
62 % May
10% June
54% May
162 May
9% June
60 June
6 Jan.
14% Feb,
50 Feb.
16 Feb.
43 Feb
92% May
27%
6% May
8 Jan.
s
4
2 Jan.
3% Mar.
15% 15 Mar. 18 Feb.
la1
9 ’»
9 Jan.
12 Feb.
% May
2i« Feb.
1H
3a
160 Apr. 16694 Feb.
6%
3
14%
65
1^3
16
17S>9
-.100
-.10* r
7-2
115% Jan.
70 May
2
1% June
70
May
___
37a Feb.
181% May 182 Feb.
39 Jan.
46% Feb.
I 5 Feb. ! 5% Apr.
|. ..... 1
1
....
! ____
Preferred if
No price F rid a y ; latest price this week. *
(% Indicates actual sales.)
June 26.
I n a c t iv e St o c k s .
j Highest.
175
8
10
9 June
24
26
23% June
3
7
7 Feb.
____
___ 131% Jan.
102% 105 102 May
18% 24
10 Jan.
:59
51 May
72
7%
8H
6% June
51
&8<s 41% Jan.
164
8
9
5% Jan.
00
51 Apr,
4
5%
4% Apr,
7
12
10% Apr.
45
so
45 Apr.
, ___ 15
13 Feb,
37 Mar.
40
*25-
Bto Gratsde 'Western pref.
Range (sales) in 1896.
ff Indloatea unlisted.
Bid.
Range (sales) in 1896.
Ask.
Lowest.
Highest.
M ls c e U a n e o o s S to c k s .
Adam s E xpress............................100 148 149 146 Jan, 150% Apr.
37
40
American Bank Note Co IT..............
A m erican E xpress...................... 100 112 115 110 Jan. 116 " M a y
Am, Spirit M fir. Co: (when issued) 11
94
97 May
91 Jan.
Amer. Telegraph & C a b le.,___ 100 91
Bay State Gas I f .......................... 50 1231s 24% 185a Feb.
33 - May
Brooklyn Union Gas................... 100 *94%
901-2 June 95% June
Brunswick Com pany..................100
13 Feb.
is Feb.
%
Chic, June. B y. & Stock Y ards.100
96% Feb
955s Feb.
1% M ay
Colorado Coal & Iron D e v e l...l0 0
4% Jan.
u%
26
25
Colorado Fuel & I r o n ............... 100
23% Jan.
34% Feb.
P referred .................................. 100
100
98 Feb.
90 May
1 June
2
Columbus & H ocking C oal....... 100
4% Mar.
1%
Commercial C able.......................100 150
162% Apr. 162% Apr.
35
32
Consol. Coal o f M aryland.........100
30 Mar. 32% May
26 Apr.
Detroit G as.................................. 50
33% June1
Edison Elec. Ill, o f N . Y ............100 |95% 96i8 89 Jan. 100% Maj
Edison Elec. HI. of B ro o k ly n ..100
62% Jan.
59
Erie Telegraph & Telephone ..1 0 0
60is 59 Apr.
35 Feb.
Interior Conduit & I n s . . . . ____ 100
35 Feb.
30 Apr
1814 Jan.
Laclede Gas.............
100 (21is
80
86% Apr.
P referred................................... 100
78 Feb.
Maryland Coal, p re f....................100 40
Michigan-Peninsular Car C o ...100
59% Feb.
60 Feb.
P referred................................... 100
72 Feb.
Minnesota Ir o n ............................100
62is 6 6 % 53 Jan.
15 Mar. 21% June
National Linseed Oil C o.............100 : i s %
6% Feb.
6
4% Jan.
National Starch M fg. C o............100
7% Mar.
6
N ew Central C oal........................100
8% Feb.
15 Mar.
8 Jan.
Ontario Silver M ining................ 100 tll%
4% Jan,
% June
Oregon Im prov't Co. t r ,r e e ls .. 100
320 Apr. 340 June]
{Pennsylvania C o a l . . . . . .............. 50 330
2%
2 Jan.
1% Apr.
Quicksilver M ining..................... 100
1%
13
14 June 14 June
18
; Preferrw l................................... 100
7 Feb.
5
Jan.
jTfeias P acific Land T rust_____ 100
17 Jan.
24% Feb.
;U. 8. Cordage, guar., tr. eertfs.100 12053
42
48
Apr.
38
Jan.
U. 8. E xpress............................... 100 40
89 Jan.
80
75 May
U. 8. R ubber preferred..............100 x74
101
Feb,
97
Jan.
'W ells, Fari?o E xpress ................100> 196 100
i Actual sales.
NEW TORE STOCK EXCHANGE PRICES*—STATE BONDS JUNE 26.
SECURITIES.
A 5%bnmm—Class A , 4 t o 5 .....1 9 0 6 !
Class B, 58 ...........
1906,
Glass G\ 4 a ..........
1906
Qnrreaoy funding 4 a ... . . . . . 1920;
A *kau8 as—-6a, fund, Hoi. 1899*1900
d o. Non*HoUord
fa. Arkansas Central B E . . . . ...
I, ‘iiM&na-7«»cons....... — j.914
Stamped 4a,..*.*... - ...........
Sffw con ols. 4 a . , . . . . . . . . . . . . 1914
Bid.
95
95
A sk .
100
108
100
SECURITIES*
New York City Bank Statement for the week ending
Jane 20, J896.
ilAMCCS,
100a omiU«d.)
Ba n k s .
|Capital SurpVs Loans.
,
,
60 <12-2,7 74 075.7 474.783.6-61.554.61 83.198.1 49S,32fl,8
SECURITIES
Ask.
.......
.103
122
106
1
Bid.
Ask.
80
85
Tennessee—6s, o ld .........1892-1898
6 b, new b o n d s ____ 1892-8-1900
do
new series................1914
Compromise, 3-4-5 6 s .......... 1912
3 s........................................ ,...1 9 1 3
Redem ption 4 s ............ .........1907
do
4%a...................1913
Penitentiary ‘4 his
.1913
Virginia funded debt, 2-3s_..1991
6s,
d
eferred
t’gt
retrta,
stam
ped.
i'4
583g 59%
5
__8 bj
New Torn City, Boston and Philadelphia Banks:
We omit two ciphers (00) in all eases.
Specie. Legals. Deposits,
mr
$11,630,0
Sms’* of New York «2,000,0 $2,027,9 $12,030,0jf 1,290,0! *2,190.0
Mftnttats&ts 00.—— 2,050,0 2,178,7 14.272.0 1,314,0' 3.028.0 15.537.0
10,081.2
M«t eh a n t s ' ; 2, 000,0 1,001,1 9,221,5! 1,127,8* 2.063.0
j 3.358.0
8.091,0! 1,058,0! 2,167.O
M eeb& aioa*.-— «•— ; 2, 000,0 2,203,2
17.270.5
America...... ——j 1,600,0 2^503',7 15.975.0 1,154,11 2,984,7!
953.0j 3.904.0
220,01
P heolx..— —
— 1 1,000,0| 300,9 4.034.0
1,000,0 3,320,0 23.995.1 7,900.71 3.491.8 30.800.6
o
\
%
7
.........
.....
;
1 851,8
191,7.
230.3
83,0; 2,380,7!
Tra4e#m®a*#.... — • 750.0
7,333,1! 22.287.0 3,291,8; 4.011.8 22.104.7
Chemical .— **— ! 300.0
317.1 4.384.3
4,0-%l,li
789,2
Merekaat** Exch’g©. 600.0! 174,71:| 0.091,4!
884.0 4.018.4
-------555.2
Gallatin NatiocuiL.. 1, 000,0 ! 1,046,4
172.4 1.424.1
Batcher*^Drovers’ i 300.0 215.4 ' 1,378,1; 210,H
310.0 2.420.0
180.01
Mechanic*' etTrad’al 400,0, 329,0! 2.410.0
173.1 1.001.5
1.045.2
,o;
171.4
130.1
200
Greenwich— —— j eoo.oi 519.5 3.120.2 221.4
901.9 3.062.1
Leather Manafac'ra;
277.8 1.914.0
1.599.3 275.5
101,9
Seventh National... 300,0; 490,3
393.6 2.214.0
3.177.8
64.9
State©! NewYork.J 1, 200 , 0 ;
23.487.0
699.0 4.384.0 17.919.0
American.Exchange 5.000. 0 2,411,1
... 5,000,0! 3,680,0 22.687.7 900.6 3.830.2 10,988.9
Oooamerce.
560.9 4.630.1
860.0
5.622.4
0; 1,057,2
Broadway.— .... j 1.000.
0'992,87.137.6 596.9 i 1.493.8 7.168.7
M e r c a n tile ...... ....... ; 1.000.
000.3 3.110.5
435,6j
422,7 474.7
Pacific...-—. - ......i 1,500,0!
11.424.3
§13,1 10.737.7 2.055.0 1,180,6
Bepubiio——
962,0 0,012,7 670,5 1.133.4 6.031.7
Ohatham.... ....... 450.0
509.6 2.028.7
200,Oi 265,8 1.788.7 230.0
People’s .......---695,3 5.148.5
700.0 582,6 5.158.9 679.3 1.567.4
NorthAmerica..... 1.000.
18.525.3
15.804.1 3.808.9
0 2,034,1
Hanover..*........ — 498.2 3.022.0
3.003.0 370.0
Irving. —........... 500.0
3.009.5
753.1
580.2
2.701.5
000,0
Omsen'a— -•—— 500.0
617.3 3.051.9
205.0
2,446,3
Nassau--- --------- 750.0
335.2 1.507.2 5.875.2
5.122.0
Market & Fulton— 1. 000 . 0
339.7 3.080.9
424.7
3.089.5
fioe <feLeather.— 1,000,0
8.041.5 1.423.9 1.160.0 0,182,6
Oorn Exchange— 1 000,0
061.3 4.956.7
4.100.2 033.0
393.1 1.740.0
1.800.3 150.4
300.0
O riental ...........
1 , 020,0 19.618.0
2 0 , 120.0 3.853.0
I nporters^Traders’ 1.500.0
23,300,0 3.565.7 5.022.0 27.529.3
Park.—.....—*-~* 2 000,0
252.2 1.105.7
1.139.7 119.1
250.0
JBast River,—.. ..... 3.200.0
18,581,3 1.855.1 2,660,6 18.063.1
Fourth National,... 2 , 000,0
324.0 2.049.0 8.024.0
8.235.0
0antral Nattonal.... 300.0
1,03#,0 0,354,0
5.181.0
Second National.... 750.0
970.1 3,810,4
3,143, ’
!?!:§
Ninth National..,.. 500.0
3.740.0 19.481.8
21,045,. 1.073.7
First National—— 1 , 000,0
802.5 8.138.1
1,384,6
7.200.9
ThirdNational...—
208.7 1.317.7
155.5
1.401.8
N-Y. Nat- Exchange 300.0
295.0 3.012.0
2.789.0 455.0
250.0
Bowery..--............
103.5 3.385.9
600.3
2.817.8
200.0
New York County.
481.0 2.705.0
2.728.8 301.9
750.0
German American.
2.977.0 18,140,6
15.422.2 1.785.1
500.0
Cbaao National__
1068,8 7.774.7
0,907,0 1,000,6
100.0
Fifth Avenue. ....
643.8 3.235.3
288.3
2.550.4
200,0*
german Exchange.
430.5 4.190.7
584.7
2.991.1
200,o;
Germania.....—.
767.5 5.787.6
1,009,5
5.173.6
500.0
0 cited states——
820.4 8.722.3
6.209.2
775.6
300.0
Lincoln- .
553.2 4.769.7
3.875.0
200.01
Girtieid..— .......
255.5 1.825.9
216.2
1.750.9
Fifth National......; 200,0
1,331,2 0.122,9
895.4
4.370.4
Sink of the Metrop. 300,0?
323.0 2.347.0
2.291.0 235.0
200,0;
W e s t Side......--- !
919.0 1.059.0 0,008,0
5.343.0
5000
Seaboard-.— —
233.0 1.517.0
204.0
1.782.0
Sixth N a t io n a l.. . . . . 200.0
330,3 3,122.7 12.724.1
11.769.3
Western National.. 2,100,0!
672.0 5.080.0
1,219,0
5.074.0
First Nat. Br'klyn,. 300.0
1.623.1 8.049.1
408.5
sat. Union Bank.,.. 1, 200,0
445,4 1.868.7
20,0
1.093.6
Liberty Nat. Bank. 500.0
280.0 3,193,0
540.1
! 3,671,6
ff»T*Prod, ExoVge. i 1,000,0
Total *
Bid.
Missouri—F u n d .. . . . . . . . 18 9418 95
North Carolina—6s* old .......... J&J
Funding a c t . . . . . . . . . . . . . . . ..1 900
New bonds, J&J ......1 8 9 2 -1 8 9 8
Chatham R R ............ ...........
Special ta x , Class I ............
Consolidated 4 s .. — ..... ..1 9 1 0
6 8 -.......-.--...-....
1919
South "caroiina^-i JAB,"2 0 -40* 1933
6 a. non-fund............................1888
Capital &
Surplus.
Loam.
Deposits,f Oirc’l’n.
Specie,
$
497 ,011 ,2
498.874,1
497.180.0
490,829,4
495,329,8
N. Y,*
May 23..
'• 30..
135.261.5 ■473,400,4 61,541,5)
135.261.5 475.156,4 62.456,0! 84,493,2
61,803,5 80,972,8
June 6,. 135,724.1 476,819,1
** 13.. 134.693.4 474,2 78.3162,394,9 82,489,5
“ 20.. 134.098.4 474,733,0! 01,554,6 82,196,1
B om.*
6.037,0 141.857.0
June 6.. 09.351.8 102.927.0! 8,459,0
5,851,0 139.884.0
“ 13.. 69.351.8 162,67A.O' 8.698.0
“ 20.. 09.351.8 161,753,0 8,850,0 5,960,0 138.979.0
P h lla . *
103.311.0
29.500.0
Jana 6.. 35.263.0 103.351.0
101.749.0
29.145.0
*’ 13.. 35.263.0 103.055.0
100.344.0
28.201.0
“
20- 35.263.0 102.385.0
$
14.529.8
14,605,1
14,725,3
14.510.9
14,607,6
5 3 5 ,8 6 7 ,6
4 1 9 ,1 6 1 ,4
8 29 ,507 ,3
527.069.9
596 ,778 ,0
9.870.0 100.344.9
9.852.0 8 7 ,759,7
9.834.0 83,552,1
6.652.0
8.451.0
0,457,0
7 3 ,3 5 5 ,0
5S ,043 .4
6 5 ,5 7 7 ,9
* We omit two ciphers in atl these figures, t In c lu d in g f o r B o s to n a n d P h ila
delph ia t h e item “ d u e to o th e r b a n k s.”
Miscellaneous and Unlisted Bonds :
Miscellaneous Bonds.
Br’klyn Un. Ga3>lst cons. 5s. 106 %a.
Oh. Xua. &8.Yds.—QoLt.g^Ss
Col. O. &I. Devel. gn. 5s— .
Colorado Fuel &I.—Gen. 5s. '‘ 80*’ a.
Col. &Hock, Coal &I.—6s, g.
Cons.GasCo.,Chic,—Istgu.os 82 ” b
Consol. Coal conv. 8s.....—.
Deu 'ins con. 1st 5 .... .....* + 82 a.
EdisonElec. 111. Co —1st 5s.. 108 %b
Ho. of Bklyn., 1st 5s.. M03 b.
Equit. G.-L..N. Y.,coas. g.os.
Eq.aicablo G, &F.—1st os.... 97**b.
Henderson Bridge—1st g. 6s. H03 b.
Illinois Steel deb. 5a..— ...
Non-conv. deb. 5s.... .—
Inc. Oond. &Ins. deb. 6s....
Mankat, Beach H, <fcL. g. 4s,
B lis c e lla n e o u s B o n d s .
M fitropol. T e l. &. T el. 1 s t 5 s .. 107%b.
M ijbh.-Penin. Oar 1 s t 5 s .......
M u tu a l U n ion T o le g .—6s, g . .
N a t. S ta r c h M fg . 1st 6 s ......... “ 9*3""h.
N Y . & N . S. T elop. g e n . 5 s .. 106Mb.
N o rth w e s te r n T e le g r a p h —7s
P eop le’s Gas <fe C. / 1st g , 6 s . 106 b.
Co., GMoag’O . . . - - 1 2d g. 6 s . 104 %b.
1st co n s , g. 6 s ....................... . * 99*sa.
Pleas. V a lle y C oa l—1 s t g. 6s.
S u n d a y C re e k C oal Tat g 6s. n o o ’ *b.
%b.
(J.S . L e a th e r—S .f. de h .,g .,6 s.
W e ste rn U n io n T e le g .—7 s . . .
W h e e l. L . E . & P itcs. C oal 1 s t5 s
*68*"b.
U n lis t e d B o n d s .
A m .S p irits M fg .,L s t,w h e n is s
C o m s to ck T u n n e l—I n c . 4 s . . .
6 b.
n o n e ,—“ 5” in d lo a te a p n o e m d ; “ a ” p r ic e asked. « L a te s t p r ic e t h is w e e k .
110
Bank Stock List—Latest prices this week.
BAN ES.
B id.
Am erica.... 312
Am. E xch .. 1.08
Bowery*— 275
Broadway.. 230
Batchs’ dsDr. 130
120
Central
Chase— — 450
Chatham,— 300
Chemical — 4000
C ity ,....., „ 500
Citizens’ — 135
Columbia— 185
Commerce.. . 201*3
Continental. 132
Corn Exoh.. 280
East R iver.. 125
11th Ward... 200
Fifth Ave— , 2900
Filth*___.... 250
A sk .
B id.
A sk,
245
....
—
305
195
290
275
185
310
G erm an A m .
G erm an E x '
G arm a n U . .
G re e n w ich .
H a n o v e r ..—
H u d . RLver. Im . & T ra d ’ s ’
112
360
380
160
310
157
505
140
......
—
L ea th er M fs ’
......
......... 750
n. LMina nc ohln
a tta n .. 207
200
185
125
160
132
110
410
100
140
N . A m s’ dam 185
N e w Y o r k . . . 235
N . Y .O o ’ n t v - 000
M a r k e t * Fnl
M e ch a n ics’ ,M ’ ch a ’ & T r s ’
M e r c a n t ile ..
M e rch a n ts’ . .
M e re b ’ ta E x.
M e t r o p o lis . .
M L M o r r is ..
(*Not listed.)
BANKS.
N Y . Nat. E x
N in t h .........
19th W a r d ..
N, A m e r ic a
O rien tal —
P a c if ic ....,,
P a rk ..............
P e o p le ’ s . . . .
550
Phexs&x.........
P rod . E x ,* . .
175
R e p u b lic — S e a b o a rd —
S e c o n d ..........
S e v e n th ___
193
S h oe& L e ’ th
S ta te o f N .Y .
180
T h ir d
138
T r a d e sm ’n ’ s
U n io n S a .*..
U n io n ...—
150*'* Un’ d S ta te s
W e s te rn . . .
W e s t S id e ..
245
025
First..,.*___ 2850
First N , 8.1 110
14th Street. 170
Fourth, — . 180
Gallatin,— . .2 0 5
BAN KS.
B id .
A sk
95
110
120
130
170
180
280
235
115
275
100
109
116
146
167
440
475
100
90
105
106
94
185
202Hi
175
110 114
269
THE CHRONICLE.
1170
BOSTON, PHILADELPHIA
AND BALTIMORE STOCK EXCHANGES.
5^* S h a re P r ic e * — n o t P e r C e n tu m P r ic e s .
Active 8tocks.
Saturday,
June 20.
fl Indicates unlisted.
Monday,
June 22
Tuesday,
June 23.
W ednesday,
Ju n e 24.
Thursday,
June 25.
14
14%
14
13% 14%
14%
15% 151.
13% 1 4 *
____
.....
%
Atiantio & Pae.
“
100'
*%
*
19
*18
18%
18% 18%
Baltimore & Ohio (Balt.). 100 *•
68
Balt. City Pass’ger “
25
18% 18%
18% 18%
18% 1 8 *
1 8 * 18%
Baltimore Traction “
25 *18% 1 8 *
18
18
1 8 * i8 i4
18%
18
Baltimore Trac’n fi(P /»L ). 25
2 0 9 * 209 * 2 0 9 * 2 0 9 * 210 210
Boston & Albany (Boston). 100 *209 210 *209 210
* 20 5* 206
2 0 5 * 2 0 5 * 206 206 * 2 "6 20?
100 *2051, 206
Boston & Lowell
*160* 16 1* 1 6 0 * 16 0*
100 162 162 *161 162% *160
Boston & Maine
"10
10
10
*10
*10
*9* 1 0 *
100
Central o f Mass.
53
5
3
*
*53
*52*
*531,
*53
100
i i ef erred
76* 77*
79
791.
76
77%
100
76% 7 7 *
7 7 * 785a
O c. Bur. & Quin.
765a 7 7 *
76% 78%
76% 77®g
76% 77%
78i« 78%
OQio Mil. & 8t. P. (Phil.). 100
7
7%
6%
6%
6%
6%
6%
7%
6*
Cho O. & G.vot.t.e- “
50
7=9
21
21
21
21
Cflt- 8t R y .of Indfi “
100
92* 92*
92 * 92*
92* 92*
9 2 * 9 2 * * 9 2 * 93
Fitchburg pref..fJSos/on;.100
34
* 3 3 * 34
33% 33%
33*
33
34
33
33*
Lehigh V alley .. (P h ila .). 50
Maine Central (Boston). 100
1
0
7
*
1
0
7
*
M etropornTrao.il (P h il). 100
1030
9%
9%
10
9%
*9>,
9% 10
Mexican Cent’l (Boston). 100
9%
9=8
New E n g la n d ....
“
100
P r e fe r ie d .........
“
100
69
69
69
69
69
69 *
69
69
Northern Central (B a lt.). 50 *
4*
430
4%
4*
4%
4%
4%
4%
4*
4%
Northern Paoiflo (Phila.)lOO
13%
*14*
13%
14* *14* 14 *
15
1 4 * 1 4 * *14
Preferred
“
100
177% 177% 1 7 7 * 1 7 7 *
178
177% 177%
Old Colony.......(Boston) 100 177 177
5 2 * 52*
53* 53*
53
53%
52% 53
5 2 * 52 34
Pennsylvania ...(P h ila .). 50
7%
7%
7%
7% 713,
Phil. & Reading.!
“
50
79,H 7%
7%
7°16
71,6
71 * 71% *7 L
70% 70%
71*
71
71% 71%
71
Philadelph Trao.
“
50
*7
*7%
*7%
8*
*7%
7%
7%
7%
‘ 7%
7%
Union P a c ific ...(B oston). 100
17 * 17*
18
18%
17% 17%
17% 1730 1 7 * 17%
U nion T raction..(P hila.). 50
m is c e lla n e o u s S to c k s .
Am.Sug’r Refin.fi ( Boston) —
1225a 122% 119% 121% 116 119% 1 1 3 * 1 1 6 * 113 115
103 103
102 1 0 2 * *102 1 0 2 *
10378 10378 103 104
P referred ........
207 208
203 20 s
2 0 6 * 207
100 *207 208
207 207
Bell T elephone..
89
89
87
8 6 * 87
88%
86% 88
25
85% 87%
Bost & Montana.
*2*
2%
2%
2%
2%
2%
2%
25
2%
3%
Sntte & Boston..
305 305
304 305
303 305
305 305
25 3 0 4 * 305
Calumet & H ecla
*64
68
68 *
65
Canton C o ...........SBalt.).\0Q *
6 3 * *62* 6 3 * *
63
6 2 * 6 3 * *62
Consolidated Gas
“
100 *
29
29*
2 9 * 29%
29
29
Elec.Stor. Bat’yfi(P/ii7a.)-100
30
30
30
Preferred IT
M
100
30
60
59
59
59
Erie T elephone.(Boston). 100 *59
59
59
58% 5 9 *
59
31% 32
29* 30*
29% 2 9 * *30% ___
General Electrio.
“
100 *32% 3 2 *
75 *
75
*70
75
*70
75 *
P referred .........
“
100 *72
75
19
LamsonStoreSer.
“
50
181, 1 8 *
19
*18* 19 *
19% 1 9 * *18% 1 9 *
43
43
43
Lehi’h Coal&Nav. (Phila.) 50
43%
4 3 * 43% *43
43*
43%
43
N. E.Telephone (Boston). 100 *91
*91
92
92
*92
'9 1
14% 1 4 *
15* 15*
14% 14%
Pa.Heat.L.&PowfPJu/aJ
14 * 14*
70* 70*
70 * 70*
70* 70*
Unit'd Gas Imp.fi
“
50
Welsbach L ight fi
“
5
x47
45* 45*
47%
47
47
45* 45*
*134 2*
l*
West E nd L a n d .. (Boston) ...
2
1%
* i%
1%
1%
1%
1%
* Bid and asked prices: no sale was made.
t Trust reoei
Atob. T. & 8. Fe^(Boston) .100
Inactive Stocks.
Prices o f June 26.
Atlanta & Charlotte (Be
Bid.
.100
.100
. 50
Catawissa.....................
50
1st p referred ...........
50
Central Ohio............... (Balt.) 50
Chicago <fe West Mich. (Pc
.100
Connecticut & P ass..
100
Connecticut R iver___
100
Consol. T ra ct o f N.J.fi (P.
.100
Delaware ABound B r .
100
.100
P referred.
100
. 50
Preferred fi..............
50
Hunt. & Broad T o p ...
50
Preferred.................
50
Kan. C’yFt.S. & Mem. (Pc
.100
P re fe r r e d ...............
100
Little Schuvlkill.........(P.
. 50
Mine H ill & 8.Haven
50
N esquehoningV al...
50
North American C o..
100
North Pennsylvania.
50
Or.Sh.Linelstasst.pdfPc
.100
Pennsylvania& N .W . (P hila,).. 50
Philaael. & E rie........
50
Rati d ...................... (Be
100
Preferred.................
100
Southern..................... (Balt.) ..100
Preferred.................
100
. 50
P referred.
50
100
West J e r s e y .............
“
50
We*-.Jersey & Atlan.
“
50
Western N.Y. & Penn
“
100
Wisconsin C entral.-.fPos/
.100
P referred ................
*•
100
Worc’st.Nash.&Rooli.
**
100
MISCELLANEOUS.
Allouez Min’g, asst pdf Bost
Atlantic Mining.........
“
Bay State Gas fi....... .
“
Boston L and..............
“
Centennial M ining...
“
Fort Wayne E lect.fi..
“
Franklin M ining.......
“
FreDohm’n’sB ay L’d.
"
Illinois 8teel...............
«•
Kearsarge M in in g....
"
Osoeola M ining...___
“
Pullman Palace Car.
u
Preferred fi..............
Quincy Mining.......... (
Tamarack M in in g ....
Water Pow er..............
Weetingh. Elec. & M..
Pref., cum ulative.
'niteri Gas l e t 5s..
/me includes overdue
[VOL. LfcXll
260
Ask.
95
265
53
42
46
5
7
143 144
240 250
2 3 * 21%
163
10
11
30
35
54
54*
62
28
30
52
10
5
35
50
63% 64
70
55
__
85*
8%
Inactive stocks.
Bid
101
112
___
.......
123%
108
7430
120
110*
106%
110
103
98
104
117*
104
108
121
Lowest.
Highest
1 7 * Feb. 24
5s Feb. 24
4 4 * Jan. 27
70 Jan. 2
1 9 * Apr. 16
19 Apr. 17
217 Jan. 28
209 June 1
171 Feb. 19
12** Mar. 10
56 Feb. 28
8 2 * Apr. 24
7978 June 17
12i* Jan. 2
30 J an. 2
97 Feb. 10
136i*
109*
12*
51
85
70
{5 *
17*
179
54*
8*«
72*
10
20
Jan.
May
Feb.
Jau.
Jan.
Feb.
May
Mar.
May
Apr.
June
May
Apr.
May
116
64,372 97% Jan. 7
102
243 95 Jan. 7
207
148 197 Jan. 2
86% 19,500 65 Jan. 7
1.385
1 * Mar. 7
2%
305
66 295 Jan. 3
65
64 June 18
62*
" ’ 30 5 5 * Jan. 20
733 24 Jan. 7
29
31
81 25 Jan. ",
59
489 5 3 * Apr. 11
620 2 2 * Jan. 6
31
75
50 Jan. 8
45 18 Jan. 7
19%
43*
90 39% M ay 25
93
10 87% Jan. 2 c
9 Jan. 7
805
14%
70*
810 66 Mar. 2
285 4 5 * June 24
45*
2
13* Jan. 2
205
■i%
pts, $5 paid. { Trust
126*
105*
208
91*
13*
311
64
66
36*
38
63
39*
78
21
46*
92
15*
81*
67
2*
paid.
Apr. 21
June 12
June 18
June 15
Jan. 31
M ay 22
June 18
Apr. 2
A pr. 15
Apr. 16
J an. 3 1
Mar. 13
A pr. 14
M ay 6
Feb. 8
June 24
June 15
Jan. 2
Feb. 17
Feb. 14
14
1
18%
8,097
30
67
750
18%
50
18
12
209%
207
8
59
161
11
100
240
54
7 % 10,497
773g 22,450
1,291
0%
21
131
284
93
427
33%
137
10RSU lOfiSU
150
1,800
9%
9%
*40
41
*72
74
A6 8 * 69
107
430
4%
2,815
125
*14
14*
*177 177%
46
52% 52%
906
7% , 71** 15,19*
7058 70%
603
*7 %
7%
5,953
17% 1730
113%
102
206
84%
2%
305
*64
*62
*23%
*29*
59
*30%
*72
*19
43%
*92
14%
70
45*
Ask.
38i* j aa. 3Q
Bonds
P eople’s Trac. trust certs. 4s..1943
Perkiom en, 1st s e r .,5 s .l9 1 8 , Q—J
Phila.& Erie gen. M. 5g.,1920, A&O
Gen. m ort., 4 g .......... 1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. incom e, 5 g , 1958, Feb 1
2d pref. incom e, 5 g , 1958, Feb. 1
3d pref. inoom e, 5 g , 1958,Feb. 1
2d, 5s............................ 1933, A&O
Consol, m ort. 7 s .........1911, J&D
Consol, m ort. 6 g .........1911, J&D
Im provem entM . 6 g ., 1897, A&O
C on.M .,5 g.,stam ped,1922,M&N
Terminal os, g ........ 1941, Q.—F.
Phil. Wiim. & Balt., 4 s. 1917, A&O
Pitts. C. & St. L ., 7 s ....1 9 0 0 , F&A
Rochester R ailway, con. os ..1930
Schnyl.R .E .Side.lst 5 g.1935, J&D
Union Terminal 1st 5 s...........F&A
Bonds.—Baltimore*
A tlanta & Chari., 1st Vs, 1907,
Baltimore Belt, 1st, 5s. 1990, M&N
Balt. C. Pass. 1st 5 s ... 1911, M&N
Balt. Traction, 1st 5 s.. 1929, M&N
Exten. & iuipt. 6 s ....1 9 0 1 , M&S
No. Balt. Div., 5 s....... 1942, J&D
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g ,...1 9 2 5 , F&A
Staten Island, 2d, 5 g .1926, J&J
Bal.&Ohio S. W .,ls t,4 * g .l9 9 0 , J &J
CapeF.& Yad.,8er.A .,6g.l916, J&D
Series B., 6 g ............ ..1 916, J&D
Series C., 6 g . . . . . . . ..1916, J&D
Cent. Ohio, 4 * g ......... ..1 9 3 0 , M&S
Cent. Pass., 1st 5 s ___1932, M&N
City & 8ub., 1st 5 s ------- 1922, J&D
Chari.C ol.& A ug.ext.5s. 1910, J&J
UoL & Greeuv., 1st 5-6s.l91 7, J&J
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Georgia P ac., 1st 5 -6 s...l9 2 2 , J&J
3
25
24
28
28
14
28
9
8
23
16
5
21
18
Bid.
9 5 * 96
101
117 118
104 1 0 4 *
7 9 * 80
33* 34*
21 * 2 1 *
19
19*
121
129
119*
1 0 3 * 104
101
101 *
1 0 9 * 110
111 *
100 101
105
100
120
86
112
108*
lo 3 *
106
102
90
113
109
104*
LOO*
102 *
102
73%
39~%
96
.....
109% l109%
109 1 0 9 *
107
.......
111
107
82
83
80
112
110 1 1 0 *
6 s....... ........................... 1904, J&J 112
83
Series A , 5 s . . . . . 1926, J&J 113
4 * s . ............................. 1925, A&O 109
74% 'iedm.& C a m b ist, 5 g .1911, F&A 101
’itts. & Connells. 1st 7 s .1898, J&J 1 0 9 * 1 0 9 *
93
93%
112
2d 8 e rie s, 6 s .............................. 1911 M&£
115*
112 1 1 2 *
3d SerieB, 6 s ........................... 19l£>,M&S
103%
4th Series, 3-4-5s. ...1 9 2 1 , M&S
102*2 1 0 3 "
99
5th Series, 5 s........................1926,M&S
108 108%
112
134
■
112
MISCELLANEOUS.
ica% laltim ore Water 5 s ... 1916, M&N 121
131
118
109*
121
Range o f sales in 1896
1 2 * Jan.
* June 8
13 Mar. 6
65 Feb. 26
16 Jan. 7
157q Jau. 7
204 Jan. 7
202 Jau. 29
160is June 25
10 Mar. 3 l
53 June 24
72 Jan. 7
64 Jan. 7
4 78 Apr. 8
21 Mar. 3
89 Jan. 20
3 0 * June 4
1 3 3 * Apr. 1
943q.Jan. 7
8 7eJan. 6
40 May 28
7 2 * June 4
6 7 * Jan. 16
* May 25
9 7e A pr. 17
1 7 5 * Jan. 6
50*8 Jan. 7
l * J a n . 10
62 Jan. 8
3 Jan. 23
10 Jan. 8
13%
**
*1 8 *
*65
*18%
18
‘ 208%
*206
*160
*10
*53
76%
77
*6*
21
92%
33*
*133
70
68
f 116 117
U 0 7 108
§ 98% 100
§102 102%
99
§ 97
99
§ 98
§ 93% 95
§ 96
99
55
5 50
§ 56
58
\ 60
70
i 60
65
Eastern 1st m ort 6 g. 1906, M&S. 5119% 121
lT ee,E lk.& M .V .,1st, 68.1933, end §128 130
Unstamped, 1st, 6s, 1933........... 5126 127%
§ 60
69
§ 83
86
lyxeui. oc
i , jluocd i 55
57
§120J&J123
K.
C. St. Jo. & C. B „ 76..1907,
90
L. Roctc& Ft 8., 1 st,7 s ..1905, J&J 5 85
Louis.,Ev.& 8t.L.,1st,6 g .l9 2 6 ' " ~ §100 102
2m., 5—6 g .................1936,
§ 34
86
§106 108
M exican Central, 4 g . . . 1911, J&J 5 68% t8 %
li)3g 19
1st ooneol. incom es, 3 g, non-enm.
2d oonsol. Incom es. 3s, non-onm
8%
9%
N. Y. & N .E n g „ 1st, 78,1905, J&J- *119 120
lB tm ort. 6 s....... .........1905, J&J *112 113
Ogden. & L .C .,C on.6s...1 9 2 0 ,A&O
86
| 83
15
§100 103
2d, 5s......... ............... .1 8 9 8 ,F&A 5 87% 90
87
9%
32
19
1
2
69
70
9
9*
27% 28
6 9 * 70
87
88
237% 238
A t l a n W r i s t ^ ^ . ! ' ^ ^ M&N
56 ........ Buffalo Ry. con. 1st, 5 s.......... 1931
__
Catawissa, M ., 7 s.........1900, F&A
2%
2% Choc. Obla. dz G ulf, prior lien 6 s..
2
1%
Citizens’ St,R y.of ln d .,con.5s.l933
15
Columb. St. R y „ 1st, con. 5s.. 1932
112 118
Columb. O. Crosstown, lst,5 s.l9 3 3
Consol. Traot. o f N. J., Ist,5s.l9 33
. 25
%
1
Del. & B ’d B r’k, 1st, 7 s.l9 0 5 ,F & A
25
19
19% Easton & Ain. lstM .,5s. 1920. M&N
50
12
12% Elec. & People’s Trac. stock, tr. ctfs
10
8%
4% Elmir. & Wiim., 1st, 6 s .1910, J&J.
10 *15
•25
Hestonville M. & F „ con. 5s.. 1924
26
1
2 J Hunt. & B r’d T op, C on.5 s .’95,A&O
25
10
11
Lehigh Nav. 4 * 8 ...........1914, Q—J
5
%
i ■ 2d 6s, g old ................... 1897, J&D
100
60
63
General m ort. 4 * s , g .l9 2 4 ,Q —E
25
12
12% Lehigh Val.Coal 1st 5s,g. 1933, J&J
25
2 6 * 27 I Lehigh V alley, 1st 6 s ... 1898, J&D
100 157 158
2d 7s..............................1910, M&8
.100 25
27%
Consol. 6 ...................... 1923, J&D
100 55
60
Newark Passenger, con. 5s... 1930
. 25 117 119
North Penn. 1st, 4-4___ 1936, Alaft
25
86% 87
Gen. M.
.........
1903, J&J
100
1
*
Paterson Railway, consol. 6 s .........
50
29
30
Pennsylvania gen .6 s, r.. 1910, Var
50
51% 5 2 *
Consol. 6s, c
............ 1905, Var
Consol. 5s, r .............. ..1 919, Var
j &j
78
78%
Collat. Tr. 4 * g .......... 1913, J&D
A&O
25
26
Pa. & N. Y . Canal, 7 s . .. 1906, J&D
583
84
Con. 5e........................ l -*9, A&O
coupons.
. fl Unlisted.
> And aooruei interest.
Sales
o f the
Week,
Shares.
Friday,
June 26
.......
Funding 5 s ..— , ....... 1916, M&N
Exchange 3 * s ............1930, J&J 104 ‘
70
Virginia (State) 3 s ,n e w . 1932, J&J
59
Funded debt, 2-3s.......1991, J&J
102
....1 9 1 0 , J&I) 1 1 6 *
5s.
....1 9 3 9 , J& J 104%
-- ----
104*
71
59*
117
105%
......
THE CHRONICLE,
JCNE 27, 18W.J
1171
NEIY YORK STOCK EXCHANGE PRICES (Continued)— dCZYFET BONDS JUNE 2S AND FOR YEAR 18 9 6 .
R ailroad and
Miscellaneous Bonds.
Range (sales) in 1896
! InCst Closing
Price
;Period June 26.1 Lowest. | Highest.
Railroad and
Miscellaneous B onds.
Closing
InCst P rice Range (sales) in 1896.
Period June 26.
Highest,
Lowest.
82%
Amer. Cotton Oil, deb., 8g. 1900 Q—F 103%b. 107% May 111% Jam
M. K. & Texas.—1st, 4s, g.1990 J A D
80 Jan.
87 Feb.
Ann Arbor.—1st, 49, g .......1995 Q—J
70 b. 66
Jan. 72 Feb.
2d, 4s, g ..............................1990 F A A
58% 53% Jan. 63*s Feh.
At.T. AS.F.—Newgem-id.1995 A A O 78%
72% Jam 8Us Feb.
Mo. Pac.—1st, con., 6g.......1920 MAN 87 b. 86 June 97 Jan.
Adjustment 4 s..................1995 Nov.
40%
38% June 51% Feb.
3d, 78.................................. 1906 MAN T05% b. :106 May 112 Jan.
Col. M id lan d —Cons.,4g. 1940 F A A l 21 a. t20 Jan. f27 Feb.
:
Pac. o f Mo.—1st, ex., 4 g .l9 3 8 F A A 103 b. 101
Feb. 104*2 June
Atl. <fe Pae.—Gaar. 4s....... 1937 v ........
40 b. 40
Mar. 50 Apr
105 May 106 Apr.
2d ext. 58.......................1938 J A J 107
B’ way<fc7thAv.-lst.con.g.5s*43 J & D 116 b. 1113s Jan. 1173* May
St. L .& Ir.M t.lst ext., 5s.1897 F A A 102
100 Feb. 102*3 Jan.
;
Brooklyn Kiev. 1st, 6 g-----19 2 4 A A O 80 b. 80% June 102 Jan.
2d, 7 g ............................. 1897 MAN 100 «ab. 100
J an. 103*3 Apr.
9 8 % b .:100% Feb. 102% M ay
Union Elevated.—6g-----1937 M A N
81
30% June 100% Jan
Cairo Ark. & Texas, 7g.l89 7 J A D
B’klynWhrf&W.H—l9t,53,g.’45 F A A; 99
“ '%a. ~97 Feb. - 101
-- May
A
A
O
76
b.
74 June 81*3 Man
Gen. R’y A la n d g r .,5 g .l9 3 1
Canada Southern.—1st, 5s, 1908 J & J 110 %b. 106 Jan. 110% June Mobile A Ohio—New 6 g __ 1927 J A D 117 b. 117 Jan. 120*3 M ay
2d, 5s..................................1913 M A S 106
103% Mar. 107 Feb.
62% Jan.
General m ortgage, 4 s ... 1938 M A 8 66
68*3 Feb.
Central of N. J.—Cons.,7a, 1899! Q—J 108%b. 107% Apr. 110% Mar. Nash. Ch. ASt.LT—1st, 7 s.. 1913 J A J 132 %b. 127 Feb. 131*8 June
116R ,------b. 115% Feb. 120 Apr.
ConsoL, 7s........................1902 M A N ----Consol., 5 g ........................ 1928 A A O 1 0 0 %
99 Apr. 102 Feb.
General mortgage, 5 g ... 1987 J A J 120 b. 112% Jan. 120 June N. Y. Central—Debt ext.4s. 1905 MAN 102 b. 100% Jan. 103*3 Apr.
Leh.A \V.B.,con.",78,aa’d-1900 Q—M 103
102% June 106 Feb.
1st, coupon, 7 s................. 1903 J A J 120% 118 Jan. 120*3 M ar.
“
inortgage5s.l912 M A N 90 b. 90
Apr. 92% Mar.
;
Mar. 109 Feb.
D eben .,5s,cou p., 1884.. 1904 M A S 107 b. 105%
Am. Dock A Imp., 5s___1921 J A
J 114%b. lll% J a m 114%Mar.
N. Y. A Harlem, 7s, re g ..l9 0 0 MAN U l% b . 111% May 111% June
Central Pacific.—Gold, 68.1898 J A J 102 %b. 99% Jan. 104 May
R. W. A Ogd., consols, 58.1922 A A O 116 b. L__
116 Apr. 119*4 Feb.
Cbes. A Ohio.—Ser. A, 6g..l908 A A O 117 b. 115% Apr. 117% May
West Shore, guar., 4 s___2361 J A J 106%b. 104 Jan. 106% June
1102 Jan. 105 Feb
Mortgage, Q g.....................1911 A A O 113%b. 114% Apr. 117% Mar. N. Y. Chic. A St. L.—4 ft... 1937 A A O 104
1st consol., 5 g................... 1939 M AN *107%b. 104% Jan. 111% Apr. N. Y. Lack. A W .—1st, 6 s.. 1921 J A J
129 Jan. 133% June
General 4%s, g ................ 1992 M A S * 7 4 %b. 68% Jan.
Construction, 5s..............1923 F A A 115 b. 1112% Mar. 115 June
78% Feb.
%b. 91%
R. A A.Div., 1st con., 4g.l9 89 J A J 97
.................
“ Jan.
97% June N. Y. L. E.AW.—lst,con.,7g. 1920 M A S 140 b. 135 Jan. 140 Feb.
**
2d con.,4g.. 1989 J A J 35 b. 82 Feb.
Long D ock, consol., 6 g.1935 A A O 133 a.; 131% Apr. 131*3 Apr.
88 June
98 Jan. 102% Feb.
Ellz. Lex. A Big. Sam,og. 1902 M A S 100
N.Y. N. H. A H.—Con. deb. ctfs. A A O 132 %b.! 131 May 137 Feb.
87% a.! 87% May
Chic. Burl. A Q.—Con. 7s. 19o3 J A J 120 b. 115% Jan. 120 June N.Y. Out. A W.—Ref. 4s, g.1992 M A S
93*4 Feb.
98 %a. 97 Apr. 101% Apr.
Debenture, 5 a.......... 1 9 1 3 M A N 1
ConsoL, 1st, 5s, g ............ 1939 J A D 107% 1107 Jan. 110 Feh.
Convertible 5a.................. 1903 M a S 101%b. 99% Mar. 104% Feb.
N. Y.Sus.A W. 1st ref.,5s, g.1937 J A J 99 b. 96 Apr. 100 Jan.
95 b. 93% Mar. 95% June
Denver Division 4s.........1922 F A A
Midland of N. J., 6s, g ,..1 9 1 0 A A O 116 a .;113% May 118 Mar.
Norf. A W.—100-year, 5s, g. 1990 J A J ............ I 60 Jan.
67 Feb.
91% Feb.
Nebraska Extension, 43.1927 M A N 90 %b. 87% Jan.
b.
115
*118
Apr.
Han. A St. Joe.—Con3.6s. 1911 M A S
No. Pacific—1st, coup. 6g. 1921 J A J 116% 113% Jan. 118 Mar.
118% Jau.
Do. J. P. M. A Co. certfs....... •
............ 113% June 1141s June
Chic. A E. 111.—1st, 3. f. 68.1907 J A D 115 b. 112 Jan. 117% May
ConsoL 6g.........................1934 A A O 128%a. 123 Jan. 127 June
General, 2d, coup., 6 g ..l9 3 3 'A A O tllO % b. 100 Jan. 1115% J ’ne
General consol., 1st 5a.. 1937 M A N 100%a. 99 Feb. 102%
„ Apr.
„
82% Mar.
General, 3d, coup., 6 g..l937| J A *D 67 b. 64 Jan.
Chicago A Erie.—1st, 5 g ..1982 M A N 10s%b. 105% Jam 112 Feb.
51*3 Apr.
ConsoL mortgage, 5 g . .. 1989 J A U t 47%b. 31% Jan.
76% Jan.
94 Apr.
90 Jan
Col. trust gold notes, 6s. 1898 & A N t 91
93% Feb.
Chic. Gas L. AO.—1at,5g.. 1937 J A J 93
Chic.
A
N
.
Pac.,
1st,
5
g
..l9
4
0
'A
A
O
t
43
t37
Jan.
J
'132
b.
123
148*3
Apr.
Jan.
132%
June
i
Chic. MILA St. P.—Con:73.1905 J A
*116 b. 115 Jan. 118 May
S eat.L .S. A E .,lst.,g u .6 .193 1 F A A t 40 b. t36 Mar. 144 *3 Feb.
1st, Southwest Dlv., 6s.. 1909 J A
i
37
b.|f26
No.
Pac.
&
Mont.—6
g
........1933
M
A
S
Jan.
116%b.
112%
Jan.
t39*3
A
pr.
118%
June
1st, So. Minn. Dlv., 6 s.. 1910 J A
~ * Pac.
“
........................*
'IJA Jj 115
b. 110 Jan. 115% June No. Paciflo Ter. Co—6g ...1 9 3 3 !J A J ir109%a. 100 Jan. 109*3 June
lst.Ch.A
W.
Dlv. 5 s.. 192 L
105
b.
103
A
Jan.
J
111
103%
Jau.
104*3
May
Ohio
A
Miss.—Corns.f.,
7s.
1898!
J
A
J
111
June
Chic. A Mo. R lv.D iv.,58.. 1926 J
! 87 June 94% Feb.
112% Mar. Ohio Southern—1st, 6 g ...l9 2 1 J A D 88
Wisc. A Minn., Dlv , 5g ... 1921 J A
35 Feb.
General mortgage, 4 g ..l9 2 1 M A N t 30 a. I 25 Jan.
.1914 J a j ;*113%b. L08 Jan. 114 June
T- rmlnal, 5 g .......
92% Apr. 93 June OregonIm pr.C o.—1 st6 g .. 1910 J A D 83*a I 80% Mar. 9178 Jan.
.1989! J A J 97
Gen. M., 4g., serie
36 Jan.
ConsoL,
5
g
t
12
b.
111*4
June
.....................1939
A
A
O
118
b.
115%
Jan.
119
May
.1913 J A I*
MU. A Nor.—ist,c<
Ore.R.ANav. Co.—1st, 6 g .l9 0 9 J A J lll* 4 b .jl0 5 Jan. 112*3 June
.1915 Q—F • n o a. 138% May 141 Jan.
C o n s o l.,5 g ...................... 19251J A D t 97 b.|t90 Jan. t98 Feb.
.1902 J A D 117 b. 116% June 120 May
.1929 A A O *113 b. 112 Jan. L16 Mar. Penn. Co. -4%g, cou p ....... 1921! J A J 113*3 |108*4Jan. 113 % June
110 b.l 105*2 Jan. 112*4 Feb.
P.C.C.ASt.L.,con. gu4% .1942jv
Mar.
.1929 A A O 100 a. 103 Jau. i l l
' 101 Mar. 102 Mar.
Peo. Deo. A Evansv.—6 g.1920 J A J 101 %b.
. 1933 M A N n o b. 107% Jan. 111% Apr.
100 b 101 Mar. 101 Mar.
Evans.
Division,
6
g
.......
1920
M
A
S
103
Jan.
107
Apr.
106
%b
.1909 M A N
26 Mar. 31 FeD.
2d mortage, 5 g ............... 1926 M A N
Extension, 4 s ...................1926 E A A 102 b. 100 Jan. 102% Apr.
Phila. A Read.—Gen., 4 g . . 1958 J A J t 79=8 171*3 Jau. 180*2 June
Mar. 127% May
Ohio. K.I. A P ac.—6s,cou p..1917
1917 J A J 130 b.
t 34
18*4 Jan. 136*3 Jan.
1st pf.ino., 5 g, 2d inst. pd.’ 58
une
.1934 J A J 103% i.00 Jau. 106
Extension and coL,
5% Jan. 122*3 Jan.
t 21*3
2d p f.in o.,5 g., 2d inst. pd.’58
97 % Feb.
M
Jau.
.1021 ■M A S 91%
30-jrear debenture. - _______
19
3*s Jan. 120 Jan.
3d pf.m o., 5 g., 2d inst. p d /5 8
Ohio. St. P. M. A O .- 6 s . . .. 1930 J A D 126 b 124 Jan. 129 May
65
Mar. 77 Jan.
_______
_
H
K
L
_
_____
A
J
77
a.
Pittsburg
A
Western—4
g
.1917
b.
118%
Feb.
116
116%
Jau.
<1-31
Chlc.AvV.lnd.—Gen.,g.,6s..1932
1932 U
70 Jan.
Kio Gr. Western—1st 4 g ..l9 3 9 j A J 705s
77=8 Feb,
90 Jan.
Cleveland A Canton.—5 *...1917
1917 J A J •!75 b. 79 Jan.
151 Jan.
40
Feo.
t
46
b.
St.
Jo.
&
Gr.
Island—6
g
.
.
l
9
‘
2
5(M
A
N
b.
107%
Mar.
*106
.19:33 A A O
Clev. Lor. A WheeL—
St. L .A 8 a n F r .—6g ,C L B .190 6;M A N llo*3 b . 111% Jan. 117*2 Apr.
0 C. C. A I .—Consol. 7g .1914 J A D 133 a. 119 Jan. 134% May
0 g., Class C ..................... 19061M A N 115*3b.|ll2 Jan. 118 Apr.
General consol., Og . .1931 J A J 125%b. .25 May 127 May
General mortgage, 6 g .. 1931 J A J 113*3b.! 101*3 Jan. 114 June
75 June 80 Jan.
.1940,- A
75
^ C .C .A S l E .—Pe o .A t .,-^ -------MA
m0
Cons.
guar. 4s, g..............1990jA A O 124*3a. | 23 May 38 Mar.
23
Jan.
17
b.
18%
Mar.
Incom e, 4 s ........................1990 April.
8t. L. A So. \V.—1st. 4s, g.l989|M A N 68*3b.| 67*3 June 76 Feb.
93 b. 94% Jau. 100 Jan.
el. Coal A Iron—6g.......... 1900 b A A
CoL
32 Feb.
25 b. 24*4 Jan.
2d.
4s,
g., incom e_______19S9|J A J
114%
Juno
114%b. I l l Apr.
CoL A 9 th Ave- «r». 5». g --------- - „ .
8t.P.M .AM .—D alr.E x.,6g.l9 10!M A N 117 b. 119 Mar. 121*4 Mar.
83 Jan. 90 Feb.
O oLH .V al.A Toi.—C om .5g.l931 M A h ! 83
124*3
June
117
Jan.
124*3b.
:
1st
consoL,
0
g
................1933;
J
A
J
90
Apr.
85%
80
Jan.
General, 6 g ......................1904 J * {J
“
reduced to 4*3 g .J J * J 105% 101% Jan. 106 June
Den v. a R ioQ r.—1st, 7s,g. 1900 M A N I l l b. 110% Jan. 114 Apr.
89
Feb.
84*4
June
86
b.
Montana
extension,
4
g
.
19371J
A
D
92
May
92
83
Jau.
1st consoL. 4 g.................1936 J
59 Feb.
51*3 Jan.
93 b. 95 Jan. 93% June S an -A nt.A A .P .—lst,4g .,g u .’ 43|J A J 57
Dul. So. Sh. A A ll.—5 g ----1937 J
97
Apr.
93
Jan.
9513a.
So.
Car.
A
Ga.—1st,
5
g
.
.
.
1919
M
A
N
105%
June
104%b.
97%
Jan.
Edison El. III.—lst,con .g.5s.’95 J
97 Feb.
So. Pacific, Ariz.—6 g ...l9 0 9 -1 0 ;J A J 95 b. 94 Feb.
92 b.! 91% June 95% Feb.
Erie—4, g, prior b on d s.. . . 1996 J
So. PacWo. Cal— 6 K ...1905-12 A A O 110 b. 107 Apr. 111 Feb.
64 V
63
lim e 67 Apr.
General, 3*4. g ................ 1996 J
92% Apr.
90*4
Mar.
90 b.
1st consoL, gold, 5 g...... 19371A 6c O
Ft. W. A Denv. CltJ.—6 g ..l9 2 1 Jr A D r 5 7 %a. 154 % June I 70% Feo.
Jan. 106 Feh.
:
So. Pacific, N. M.—6 g ....... 1 9 11J & J 105 b. 101*3
90% May I 93 Jan.
Gal.H.ASau. An->L A P .D .lst,5gjM A N 90%
94*3 June
877a Jan.
Southern—1st cons, g, 5s. 1994 J 6c J
93*4
90 a. 85 Jan. 193% Feb.
Gen. E lectric,deb. 5 a ,g ... 192*2 J A p
E. Tenn. reorg. lien 4-58.1938,M & S 91*sa. 90 Mar. 93*4 Feb.
68 Apr. ! 71 Apr.
lious. A T. Cent. gen.4», g. 1921 A A O 69*3
111%
June
Jan.
107
lll*
3
b
.
E .T. V. <5cG.—1st,7 g ----1900 J 6c J
99*3b. 99 Jan. 102 Feb.
Illinois CentraL—4s, g.......1953'M A N
:
Jan. 109*a Apr.
Con. 5 g ......................... 1956 M 6c N 106*3b. 105
Western Lines, 1st, 4s, g. 1951 F A A 102 *9b. 101 Mar. 103 "a J one
114
Jan.
Jan.
112
b. 110
Georgia Pac. 1 st5-6s, g .,1922 J 6c J
InLAGreat Nor.—lst,6s,g.l919!M A N 115*3b. 115 Jan. 118*3 Apr.
Knoxv. ife Ohio 1st 6s,g . . 1925 J 6c J 115 b. 113 Feb. 116 May
77*9 Feb.
72 b. 70 Jan.
2d, 4 -5s............................. 1909 M A S
120%'June
Jan.
121*4b.|ll5
Rioh. tfeDanv. con. 6 s,g ..l9 1 5 'J & J
97 Ta May
9.r»7s
90*3 Jan.
Iow a CentraL—l s t ,5 g ---- 1938 J A p
W eat.N o.C arlstcoiL 6s,gl914!J 6c J •112 b.,112 June 114 Apr.
60 b. 00 Apr. | 71 Jan.
Kings Co. E lcv.—1st,5 g .. 1925 J A J
93 Feb.’
Tenn. C. 1. 6c R y—Ten. D .lst, 6g A 6c O 88 a. 89 Jan.
96 Jan.
92
! 91 Jlay
Laclede Gas.—1st, 5 s ,g ... 1919, Q—F
95 Feb.
Birmingham Div., 6 g . . .1917i J 6c J 90
89 Jan.
b. 113 Jau. i l l ? 5^ June
Lake Erie A West.—5 g ---- 1937! J A J 118
91 A pr.
Jan.
85%
|
81
Texas <fe Pacific—1st, 5 g . . 2000 J 6c D
b. 112 Jan. 115 Jan.
L. Shore. -C on ,cp ., 1st, 7s. 1900 J A J 114
24% Feb.
Jan.
2d,
Income,
5
g
...............
2000,March
21*4
1
18
118
b.
116*9
June
I'JO’
e
Mar.
p „ •2d,
2d, 7a.......
7«.......1903]
1903 J a
A D
ConsoL coup.,
109*4
June
109
*4b.|
105*3
Jan.
Toledo
<
fo
Ohio
Cent.—5
g
..
1935
J
6c
J
111 Jan. 114:*iJune
L e x .A v .* P a v .F .g u .5 * ,g .l9 9 3 iM * 3 114-1*
.
177 Feb.
4
7
0
June
t
70
Tol.
St.
I
JkKan.
C.—6
g
...l9
1
6
J
6c
D
120
Feb.
Long Island.—la t c o n .,5 g .1931 <i—J . . . . . . . . 1171* Jau.
107
May
b.*102
Feb.
104
UEdonPaciflc—6
g
...........18981J
6c
J
General mortgage, 4 g ...l9 3 8 J Jc I) '
93 Mar. 93 Jan.
97*e Feh.
Ext. sinking fund, 8.......1899 M 6c S t 90 b .! 90 Jan.
. A A O 105 *9b. 1041* Apr. 108*9 Mar.
Louis. A >'a*b.—Cous. 7 s ..1893:^
Feb.
jt 48t 54%
May
Collateral trust, 4% ...... 1918 ]M 6c N *t 45 a .
S. O. A Mobile, 1st, 6 g . .. 1930 J A .1 118 b. 118 Jan. 119 Feb.
98M ayJan.
l 9178
97 b .
Gold
6s,
col.
trust
notes.
1894
F
6c
A
102*4
May
103
a.
97
Jan.
A
J
"
“
2d. Gg. 1930 J
I
l
l
Apr.
106
Jan.
Kan.
P
ac.--D
en.D
iv.,6g-1899iM
6c
N
lll*
4
b
.
General, 6 * . . . . ..............1930iJ A D 1154*b. 114 Jan. 117*8 Apr.
1st consoL, 6 g ............. 1919IM 6c N *t,70 b. 68*3 May 177*3 Feb.
30% Feb.
71*3 Jan.
Unine-1, 4 k ...................... 1910 J A J 79*4
115
Apr.
1100
Jan.
t
l
l
2
Oregon
Short
Line—6
g.1922
F
6c
A
GoaU.X. V ar O il—1st,Gs. 1910 J A J I l l b. l l l ’ eJau. 114 June
Or.S.L.&Ut’hN.—O on.,5gl919iA dc O t 05*3 151 Jan. t7 0 Feb.
99 Apr. 103 Feb.
CoaeoL.Gg....... .... ..... ..1 9 1 6 A Jc 0 100
407s
Apr.
31*3
Jan.
35*4b.
U
.P.Den.«fcGulf,con.,5g.l939
J
&
D
98 a. 941* Apr. 99 *9 Mar.
Manhattan consol. 4a------1990: A Jc O
U. S. Cord.—1st col., 6 g ... 1924 J 6c J t26*sb. 125*3 June 136% F eb.
Metro. Elevated.—le t, Uit-lOOs^ * J 120 b. 116*3 Jan. 120*4 June VirginiaMicL—Geu.M.,
105
Apr.
97
Jan.
5s.l936;M
6c
N
102
a.
M ,6 * ........ .........................1399 JJ & S 1061*b, 105 May ilO.3 Apr.
Wabash—1st, 5 g . ..............1939 M & N 106*3 102*3 Jan. 109 Apr.
Mich. Cent.—lat.cons.. 79.1902 M Js N 116 b. 115 May 119 Jan.
77*4 Feb.
69
Jan.
74*3b.
2d
mortgage,
d
g.............
1939
F
6
c
A
ConaoL, 5 e . . . . ______. . . . 1902 M A 71 110 a. 105 May 108*4 Feb.
N. Y. 6c Pa.—1st, 5 g .l9 3 7 J 6c J 107 b. 105*3 Jan. 108*9 M ay
Mil. Lake at). * 17.—lst.Gir.192l M & N 131 *3a. 129*e Jan. ;132M) Apr. , West
42*3b.i 43*4 June 49% Feb.
Gen. 2-3-4s, g old ............1943 A 6c O
114 b. I l l
Feb. 115*9 May
Exten. Jt Imp., 5g ..........1929 F J t i
West.Un.Tel.—Col. tr. 5 s.. 1938 J & J 108 b.'105 Feb. 108*3 June
96*3
Jan.
103*4
Apr.
100
b.
M lnn.*at.L.—lstcon.5s.ir.1934 M Jr -N
t
33*3 131 June lt46 Feb.
Wise.
Cent.
Co.
1st
5
g
.......1937
J
6c
J
Me, K. & E.—1st 5 s . X U . . 1 9 4 2 A & O 92 :Ua. 86 Jan. I 94 Feb.
.V O T E .--0 " indicate-, prloe bid; “ a” price <uktd; the range Is made up from actual sales ouly. * Latest prloe this week, t Trust receipts.
NE1V YORK STOCK EXCHANGE PRICES—{Continued).—INACTIVE BONDS-JUNE 2 6 .
SECURITIES.
Bid.
Railroad Rond*.
fSlock Exchange Price8.)
92
Alabama Mid.- 1 s t . g., g u a r.. 1928
Atch. Topeka A San F rau.—
Chicago A St. Lou.—1st, 6 s .1915: ......
Ool. Mid. 1st, g .,0 s ..............19361 . ...
ACL A Pac.—2d W. D., gn. 03.1907 ----Western Division income.. 1910,
Bait. A O h io - 1st. 6s. Park B .l 919 -101
Ask.
SECURITIES.
; Bid. ; Ask. 1
SECURITIES.
1938
1937
1921
1922
1913
Brunswick & W’n—1st, g., 4s.
1925! ........ 5 94
Balt. A Ohto—5s, g old ..
1988 *102*0,........ :Buff. Rooh. A Pitts.—Gen. 5s..
Cons, mort., gold, 5 s..
, W Va. & Pitts.—1st, K., 5s.. 1990! .........!......... | Rook. & P., 1st, 6s.................
96 i B. A O. S. W., 1st. g., 4*33... 1990; .........!......... ! Rooh. & Pitts.—Oons.lst,6s.
Mouon. River, 1st, g., g. 5 s .. 1919! ........ ]......... iBuff. & Susqueh.—1st, 5s, g -.
........
Cent’l Ohio R eor.—1st,4*33. 1930! .........:.......... B url.C ed.R ap.A N o.- 1 st,os. 19001
Consol. & collat. trust, 5 s.. 1934j
........
Ak.&Ch.Juno.—lst,g,5s,gu. 1930 ....... ...........
!’ ....... [Brooklyn Elevated—2d, 5 s ... 19151 *50 i.........1! Minn. A St. L.—1st, 7s, gu.. 19271
Ced. Rap. I. F. A N., 1st, 6s 1920
1
Seaside & B.B.—1st,g,5s,gu. 1942 j ....... I.........
1st, 5 s.................................. 1921
106
Br'klyn Rap. Tran.—Gold, 5s, 19451 70*2 80 i)
Bid.
Ask.
*98
99
125%
118%
106 106%
102% 102%
105
102*3
......
THE CHRONICLE.
1172
[V ol , LXII-
NEW ?ORK STOCK. EXCHANGE PRICES.—INACTIVE B O N D S -rO jn tin u ed J -J U yE 26 .
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask. 1
SECURITIES.
Bid.
Ask.
Northern Pacitto—
Evans. A Indian.—le t, oon a ..1926
O.Ohlo—Col. AC In.M .lat,4% s.l939
C. d’ A lene—Gen. 1st,g., 6 s..1938
96% Flint A P. M arquette Cent. RB . A Bank. -C o l. g .5 s.l9 3 7
113
115
40
M ort., 6e...................................1920
Oent.Washington—1st,g.,6s.1938
Cent, o f N. J.—Conv. deb., 6a. 1908
Norfolk A 8outh’n—1st, 5s,g.l9 4 1 105 110
la t, con. gold, 5a................... 1939
Cant Pacific—Gold bonda, 6S.1896 1 02 hi
Pt. Huron D iv .—le t, 5 a ___193S *80
Norfolk A W e s t Gold bonda, 6a...................... 1897 102 %
General, 6s ............................ 1931 123
Fla. Cen A Pen.—1st g. 5s— 1918 103
San Joaquin B r., 6a..............1900 103
1st con. g., 5 s .........................1943 "81
New R iver 1st 6e..... ............1932
115
Mort. gold 5a..........................1939
53%
61
Im p. A E xt., 6s.......................1934
Ft.
Worth
A
R.
G.—1st
g.,
5
s
..1928
Land grant, 5a, g...................1900
Gal. Har. A S a n A n t —1st,68.1910
Adiustm entM ., 7 a ................ 1924
Cal. A O. D iv., ext., g. 5 a ... 1918 102
100Md. A Wash. Div.—lst,g .5 s.l9 4 1
2d m ort., 7a............................ 1905
67
Weat. Paolllo—Bonda, 6a....1 8 9 9 103
Ga. Car. A Nor.—lat, gu. 5a, g.1929
S oiotoV al. A N .E .—la t,4 a ,.1990
80
82%
No. Railway (Cal.)—lBt, 6a. 1907
Grand
Rap.
A
Ind.—Gen.
5
s
..
1924
'9
2
Ohio
A
Mias.—
50-year 5a........................... 1938
Consol. 7 s................................1898 105
Giles. A O.—Pur. M. fund, 68.1898 106 106% Housatonlo—Cons. gold 5s— 1937 122 125
2 d oon sol. 7 s .......................... 1911
N . H aven A D erby, Cons.5s..1918 112
Craig V alley—le t, g., 5a— 194,0
Hous. A T . C —W aco A N .7a ..1903 125
Spring.Di v.—la t 7a............... 1905
101
Warm 8pr. Val., 1st, g. 5 a ..1941
"1091
*
General 5s............................... 1932
1st
g.,
5s
(Int.
gtd
)................
1937
Odea. O. A So. W e st—1st 6a, g.1911
Cons. g. 6s (int. g td ).............1912 100
Ohio R iver R R .—le t, 5s.......... 1936
Sd, 6 b.................................. -.1911
85
Debent. 6s, prin. A int. gtd.1897
Gen, g .,5 a ............................... 1937
88
Oh. V .-G e n .co n .la t.g u .g ,58.1938
85
48% 55
Debent. 4e, prin. A Int. gtd.1897
Omaha A St. Louis.—1st, 4 s.. 1937
Chicago & A lton—8. F., 6a
1903 114%
110
114
112
•80
Dllnols
Central—1st,
g.,
4
s
.-.1951
Oregon
A
Califor.—1st,
5s,
g.1927
I,-rale. & Mo. R iver—1st, 7a.l900
_r Oreg. R y A N a v .-C o l.tr . g..5s,1919 62%
1st. gold, 3 % a ........................1951 *104
2d, 7a........................... ....... 1900
Gold 4s............................... ..1 9 5 2 103 107% Penn-P.C.C.A8t.L.Cn.g.4%sA1940 110 111
8t.L . J a ck s .& C lilo—2d, 7a.l898
2-10
4a............................... 1901 *99 100%
Do
do
Series B ......... 110
Mtsa.R. Bridge—lat, s. f ., 6a.l912
P .C .A 8.L .-lat,o.,7s................1900 115
Cairo Bridge—4a...................1950
OWb. Burl. & Nor.—lat, 5 s ....1 9 2 6 103
Springf. D iv.—Coup., 6a___ 1898
Pitts. Ft. W. A C —1st, 7 a ...1912
Debenture 6 s ................- ........1896
2d, 7 a ...................................1912
Middle D iv.—R eg., 5a.......... 1921 "110
Ohio. Burling. A Q.—5s, s. f . .1901 103
O. St. L. A N . O —Ten. 1.,7 s .1897
3d, 7 s.................................... 1912
Iow a D iv.—Sink, fund, 5 s ..1919 106%
*98
98%
1st, bonaol., 7a.....................1897
( !h.8t.L. AP.—1st,con. 5a,g... 1932 115
1919
S aving fund, 4 s............
119
89% 91
Gold, 5s, c o u p o n ................1951
Clev. A P .—Cons., a. fd ., 7a .1900 114
Plain, 4e.................................. 1921
100
Gen. 4%s, g., “ A ............ 1942
Menrp, D iv., l s t g . 4 s------1951
Chicago A Iow a Div.—5 s ...1905
98%
Ced. Falla A Minn.—1st, 7s. .1907
St. L.V. A T. H .—la t, 6s., 78.1897 104
O lio. & Indiana Coal—1st 58.1936
Ind. D. A Spr.^AfJt 7s, 1906, trust
2d, 78.................................... 1898 103
Ohi. Mil. & St.P.—1st,8s,P .D . 1898 108
rects., e x bonda............................. *26
2d, guar., 7e.........................1898
2 1 ,7 3-lOs, P. D ...................1898 *128
99% 100%
Ind. Dec. A ft*.—1st, g „ 5s— 1935
G d.R .A I,E xt.—lst,4% s,G .g.l941 107 108
lat, 7s, $ g., R. D ................... 1902 *128%
Ind. Ills. A Iow a.—la t , g, 4s. .1939
'Peoria A Pek. Union—lat, 68.1921 112
1st, I. & M .,7 s .......................1897 :i27h!
72
1st, ext., g. 5s. - .................... 1943
2d m ortg., 4 % s...................... 1921
I t, I. & D .,7 e .......................1899 *12713
Int. A G. N’n.—3d, 4a, g ........ 1921 *20
Pitta. Cleve. A Tol.—1st, 6 s ...1922
1st ,C. A M .,7 a .......................1903
Kings C o.-F .E l.,let,5,g.,gu.A .1929
Pitta. A L. Er.—2 d g . 5a, “ A ” . 1928
1st, I. A D .E x te n s io n ,7 a ...l9 0 8 •i‘31%
111% Lake Erie A W est.—2d g., 5a.1941
Pitts. Me. K. A Y .—la t 6a____1932
1 it. La C. & D av., 5 b. . . . . . . 1919
104 [Pitts. Painsv. A F.—1st, 5 b. ..1916 '65
130
North’n Ohio—1st, gu. g. 58.1945
81
1st, H .& D „ 7 a .....................1910
L. 8. AM .Sou.—B .A E .—N ew 7a .’ 98
Pitta. Shen. A L .E .—1st,g .,5 s.1940 ‘89
91
l i t , H. & B „ 5 s..................... 1910 T06%
la t consol. 5s......... ................ 1943
Det. M. A T.—lat, 7a.............1906 122
Chicago A Pacific D iv., 6 s ..1910 T 19
109
34
Lake Shore—Div. bonds, 7 a .1899 107%
Pitts. A West.—M. 5s, g .1891-1941
Mineral P oint D iv. 5 s.......... 1910
]Pitts. Y ’gst’nAA.—1st, 5s,con .1927
Kal. A ll. A G. R .—la t gu. 5S.1938
0. A L. Sup. D iv .r5 a ............ 1921 109 110%
Mahon’g Coal R R .—1st, 5a.1934
R io Grande So.—lat, g., 5 s ...1940
66
Fargo & South., 6s, A s s n ...1924 113
Lehigh V .,N .Y.—1st gu.g.4%8.1940 102 % 104
St. Jos. A Gr la.—2d in o ......1 9 2 5
Inc. conv. sink, fund, 5a___ 1916
LehighV .Term .—1st gu. 5a,g.l941 T 09 110
Kan. C. A Omaha—1st, 5 s.. 1927
Dakota A Gt. South., 5e___ 1916 109% 110
Lehigh V 'y Coal—1 s t5s,gu .g.l933
St. L. A. A T. H .—Term. 5 s ..1914 105 105%
Mil. A Nor. m ainlin e—6 s ...1 910 116% 118
L'Achf. Car. A West.—la t 6a. g.1916
Bellev. A So. 111.—1st, 8 s . ..1896 102
Ohlo.ANorw.—30-year deb. 5s.).921 109%
Bellev. A Car.—1st, 6s......... 1923
Little R ock A M.—1st, 5s, g ..l9 3 7
Esoanaba & L. 8. le t, 6 s ....1 9 0 1
Long
Island—
Chi.St.L.APad.—1st,gd.g.Ss 1917
104
D asM . A Minn.—la t, 7 s ....1 9 0 7
1st, 7 s ...................................... 1898 105%
Bt. Louis So.—1st, gd. g. 4 s .1931 *86
Iow a M idland—1st, 8a.........1900 115% 116%
91
107
do
2d in com e,5s. 1931
Ferry, 1st, g., 4% s................ 1922
O lio. A Milwaukee—1st, 7 s .1898
Car. A Shawt.—1st g. 4 s___ 1932 *84‘
Win. & 8t. P.—2d, 7 s . . . . . ...1 9 0 7 123
Gold 4 s .................................... 1932
N. Y . A R’w ay B .—1st, g. 58.1927
St. L. A 8. F.—2d 6 s ,g „ cl. A . 1906 115%
Mil. & Mad.—1st, 6a.............1905 116 118
42 h
35
General 5s................................1931
2d m ortg., in o ..................... 1927
99 100
Oit. C. F. & St. P.—le t, 5a. 1909 107%
N.Y.AMan, Beach.—1st, 7a, 1897 103
lat, trust, gold 5s............... 1987 '8 9
92
northern 111.—lat, 5 s..........1910 ■107
N.Y.B. AM.B.—la t con. 5s,g.l9 35 101
Kan. City A S lat, 6s, g . . . 1916
Mil. L. 8. AW.—Con.deb. ,58.1907 105
70
B rookl’uAMontauk—1st,6a.l911 116
Mich. D iv., 1st, 6s..............1924
Ft. S. A V. B. Bg. - l a t , 6 s ... 1910 100
131
Ashland Division—1st, 6s 1925
la t, 5 s .................................. 1911 104
Kansas Midland—1st, 4a, g.1937 '6 0
84
No. Shore Br.—Isto o n .5 s,g .l9 3 2
St. Paul City R y, oon. 5s, g ...1937 *90
Oh.R.I.AP—D .M .& F .D .lst4s.l9 05
96
40
65
Louis. Evans. A St. L.—Con.5s.1939
Gold 5s, g u a r ....... ............... .1937 *90
1st, 2%0...............................1905
96
Extension, 4 s ....................1 905 *84
Louis. ANaab.—Cecil. Br. 7a..1907 '104
St. Paul A Duluth—1st,5 s___1931 112
105
Keokuk & Dee M.—1st, 5a.. 1923
E. H. A Nash.—1st 6a, g ....l 9 1 9 112
2d m ortgage 5 s.......................1917
Pensacoja Division, 6 s.........1920 106
Ohio. St. P. A Minn.—lat, 6a... 1918 128% 130
St. Paul Minn A M.—1st, 7 s .. 1909
123%
2 d m ort.,6 s..............................1909 118
St. Paul AS. C.—lat, 6 s....... 1919
St. Louis D ivision, la t, 6a... 1921 120
119
Minneap. Union—1st 6a___ 1922
Olio. & W. Ind.—1st, a. f., 6 a .1919
2d, 3 s . . . . ............................. 1980
125
General m ortgage, 6a.......... 1932 116
Nashv. A Decatur—1st,7 s .. 1900 111
Mont. Cen.—1st, guar., 6 a ..1937 117
le t guar. g. 5a..................... 1937 102 %
Chic. & West. Mioh.—5 s .........1921
8. f.,6s.—8. A N. A la .............1910
East. Minn., 1st div. la t 5 s .1908 106 106%
100
Din Ham. & D .—Con. a. f., 7S.1905 119
50-year 5a, g .,........................1937
Sd, gold, 4% s......................... 1937 105 107
Pens. A A t . - 1st, 6s, g o ld ... 1921
W’ ’ u srA SiouxF .—1st, g ,5s.l93b 100
99% ICO
Cin. D. A l r ’n—ls t.g u . 5s, g.1941
San Fran. A N. P.—1st, g., 5S.1919
109
Collat. trust, 5s, g ................1931 ' 100 %
103
Sav.Fl.AWest. -1 st, cou.g.Gs.1931 110 113
d e v . Ak. & Col.—Eq. & 2d 6s.1930
3 L .A N . A M.&M.—Ist,g.,4% sl945
O.C. C. A S t. L .—Gen., g. 4 s.. 1993
Naah.Flor.AS.—1st, gu., 5s. 1937 *75
86
85
Soutuern—Ala. Cent., 1st 6a.1918
Cairo division, 4 s..................1939
Kentucky Central—4s, g . . . 1987
Atl. A Char.—1st, p r e l, 7 s.. 1897
87%
8t.Lou.Div.—lsteobt8’t4a,g.l990 *92% 93
Lou. AJeft. Bdge Co.—G u.g,4e. 1945!
Inoom e, 6a........................ .1900
Bpring.&Col.Div.—lst,g . 4s. 1940
70
Lou.N.Alb.ACh —G en.m .g.5s.l940
Colum. A Green.—1st, 5-6S.1916
112 %
White W .Val.Div.—lat,g. 4s. 1940
Memphis A Chari.—6s, g o ld -.1924
£ . Tena. V. A G a .-D iv la .5 s 1930
114
R ic h .* Dan.—Eq. s. f. g. 5 s .1909 *93%
Cin.Wab.&M.Div.—Ist,g.4s.l9 91 *90% 94% M exican Cent. Consol.— la, g.1911
Oin. 1 .8 t.L . & C —lst,g .,4e.l9 36
Deben. 5s, stam ped _____1927
98
lat, cons, incom e 3s, g.........1939
C on sol, 6 s.............................. 1920
V iPa Mid.—Serial ser.A, 6s. 1906 112'
Mex. International—1st, 4s,g.l9 42
Oin.8an.ACl.—Con.lat,g.5a, 1928 107
Series B , 6 s..................... ...1 9 1 1 11 1
M exican National—1st, g., 68.1927
Indiana B. A W .—1st, pf.7a.1900 108 I l l
Series C, 6 s . . . ..................... 1916 111
2d, incom e, 6s, “ A ” .............. 1917
Ohio IncLAW.—le tp r e f.5 a ..l9 3 8
Series D, 4 -5 s ......
1921 ♦93
2d, incom e, 6s, “ B ” ............1 9 1 7
6%
*5%
C. Col. Cin. A Ind.—1st, 7 s,s.f.l899 108
Series F, 5 s.......................... 1931 100
Miohigan Central—6s...............1909 118%
Consol, sink, fund, 7 s.......... 1914
Coupon, 5a............................... 1931 *114%
Wash.O. AW.—1st our.gu.4s.1924
81
Cin. A8pr.—1st,O.C.C.AI.7s. 1901
M ortgage 4a............................1940 108
Ter. A s’n of St. L.—1st, 4% s.l939 105
Cleve. Lorain A Wli.—1st, 5 s .1933 *106 107%
le t, oon. g. 5a...............1894-1944
Bat.C.AStrgis.—Ist,3a,g.gu .l989
106
Cleve A M ah. V .—Gold. 5s. ..1 938 *118
Minn. A St. L.—la t, g. 7a.........1927 140
8t.L .M er.B r.Term „g.5s,gu..l930
Del. Lack. A W .—
Texas A N ew Orleans—
Iow a E xtension, la t,7 s .......1909
129
Mort. 7 s............ .....................1907 *126%
1st,7 s ......... ................... . . . . 1 9 0 5 T08
Southwest E xt.—1st, 7a.......1910
Syra. Bing. A N. Y .—1st, 7S.1906 *124 126%
Pacific E xt.—1st, 6 s .............1921 119% i '2 "
Sabine D ivision, le t , 6 s ....... 1912
Morris A E ssex—1st, 7s___ 1914
Consol. 5s, g ...................
1943 *95
140
M o.K .A T ex.—1st, ext., 5s, g .19 44
Bonds, 7 s............................. 1900 114
M o.K .A T .ofT ex.lat,gu .5s.g.l942
Tex. A P ac., E. D.—1st, g. 6s. 1905 107% . . . . . .
77
7s of 1871............................1901 115
Kansas City A P., 1st, 4 s ,g ..1990
Third
Avenue
(N.Y).—la
t
5s,
1937 122% 122%
70
71
1st, oon., guar., 7 s............ 1915 138% 140
T,AO.C.—K an .A M ., Mort. 48.1990
Dal. A W aoo—1st, 5 a ,g u ..,.1 9 4 0 *77%
82
81
W arren—2d, 7 s ..................... 1900 111
ToLP.AW
.—1st
4s,ino.f’d.oou.July
M issouriP aeifio—Trust 5 s ...1 9 1 7
"so"
77% 80
D.
AH.Can.—Pa. D iv.,coup.78.1917
Ulster A D el.—1st, con.,6.,5s. 1928
1st ooll., 5a, g ........................ 1920
65
A lbany A Susq —ls t.g u .,78.1906
Union Paoillo—1st, 6 s.............. 1896 *103%
127
8t L.AI. M ,-A rk.B r.,lat, 7s. 1895
104
1st, oona., guar., 6s.......... 1906 117
M obile A Ohio—la t ext., 6 s... 1927
lat, 6a.......................................1897 103% 105
116
Bens. A 8ar. 1st, ooup., 78.1921 144
Bt. L. A C airo—4a, guar....... 1931
la t, 6a...................................... 1899 105
106%
Deny. Tramway—Cons. 6s, g.1910
Collateral Trust, 6a.............. 1908 *95
Morgan’s La. A T.—la t, 6a___1920
118
Metropol. Ry.—lBt.gn. g.6s.l911
Collateral Trust, 5s...............1907
1st, 7s........................................1918 125%
Deny. A R. G.—Im n .,g ., 5s. ..1928
86 88 Nash. Chat. A St. L.—2d, 6 a ..1901
Kansas Pacific—la t 6s, g .,.1 8 9 5 i i o U
Dat.M. A M .—L. g. 3%e,ser.A.1911
1st, 6a, g ............................... 1896 111*4
18% N. O. A. No. E .—Pr. 1., g., 6a..1915 *110
Det. A Mack.—1st lien, 4 s ,g ..l9 9 5 *93
N. Y. Central.—Deb. g. 4a___ 1905 102
C. Br. U P - F . 0., 7 s.......... 1895
48, gold .................................... 1995 *60
Ateh. Col. A Fao.—1st, 6s... 1905 <r
30
N. J. June—Guar, lat, 4a. ..1 98b
D lluth A Iron Range—1st 58.1937
Atoh. J. Co. A W.—1st, 63...1905 *
103
Beech Creek—1st, gold, 4a.. 1936 108
35
Erie—lBt, extended, 7a.......... 1897 104 105
U. P. Lin. A Col.—1st, g., 5s. 1918
Osw. A Rom e—2d, 5s, g.,gu,1915
35
......
2d, extended, 5a.....................J919 114
Utah A North.—le t, 7a.........1908 *i"o"6
U tica A Bl. R iv.—4a, g., gu.1922
3d, extended, 4%a................. 1923 105
Gold, 5 s....... .........................1926 *95
N. Y . A Put.—1st, g., Sa. gu.1993 106
4th, extended, 5a................... 1920 114
N. Y . N. H. A H.—lat, re», 4a. 1903 *103% 105
67
Utah Southern—Gen., 7a -.1909 *
5th, extended, 4a................... 1928 100%
Extern, lat, 7a................... 1909 *
N. Y. A Northern—lat, g. 5 s ..1927 1 1 5^
67
lat, con., g., f’ d, 7 a .............. 1920
N. Y. Suaq. A West.—2d, 4 % s.l9 3 7
V alley R ’y Co. o f O —C o n .6 s.1921
70
B. N. Y. A E,—le t, 7 s.......... 1916 i'3o“
Gen. m ort., 5a. g .................. 1940
Wabash—Debenture, Ser. A ..1939
68
70
lu ll. A 8. W.—Mortg. 6s___ 1908
Debenture, Series B ............1939
W llk.A East.—1st,gtd.,g.5s,1942 *34% 87%
24
Jefleraon—le t, gu. g. 5s ....1 9 0 9
Northern Pao.—
Det. A Chic. E xt. 1st, 5s, g ..l9 4 0
99i« 100
Coal A R R —Sa.......................1922
James R iver Val.—le t, 6 s ...1936
St b.K.C.AN.—8t.C .B dge6s.l908 105
Dock A Im pt.,lst 6s, our’ oy.1913 108
West N.Y. A Pa.,gen.g. 2-3-4S.1943 *42% 44
Spokane A Pal.—lat, 6s.......1936
vans. A Terre Haute —
St.Paul A N . p .—Gen., 6 a ..1923 *123
14
Incom e 5 s.......................
1943
13
lat, eons., 6e.......................... 1921 109%
West. Va. C. A Pitta.—lat, 6a.1911 *107 109 ifl
H elena ARedM’n—ls t.g ., 6 s.1937
25
lat, general, g., 5 a ................ 1942
DuluthAManitoba—lst,g .6 sl9 3 6 *89 __
Wheel.AL.E.—let. 5a, g o ld ...1926 *100
Mt. Vernon la t 6 s ................ 1923
Dul-AMan D ak .D iv.-la t6 s.1 9 3 7 *901fl 91
Extension A Im p, g., 5s.___ 1930 *......... 90
Bnl. Co. Br. lat, g., 5a...........1930
Oceur d'Alene—1st, 6s, gold. 1916
W is. Cent, inoom e 5 s...............1937
fc* No price Friday; these are tlia latest quotations made this week. For Miscellaneous and Unlisted Bonds-See 3d page preceding.
THE CHRONICLE,
JU>'E 27, 1896.]
| n w je s tm e w t
R oads .
1173
Latest Gross Earnings.
'Week or Mo
AND
R a ilr o a d
I n te llig e n c e
RAILROAD
EARNINGS.
The following table shows the gross earnings of United
States railroads (and also a few Mexican and Canadian roads)
for the latest period reported. The statement includes every
STEAM road from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the calendar year from January 1 to
and ncluding such latest week or month.
The returns o f the street railways are not included in this
table, but are brought together separately on a subsequent page,
B o ADS.
Jan. 1 to Latest Date.
Latest Gross Earnings
W esker Mo
1896.
1895.
I
1896.
1895!
$
67,500
61,199
AdlrondaeR....... [April.........
637,725
657,396
28,841
Aia.Gt.8outn...j3d wkjune
155,652
208,795
42.751
Ala. Midland... April.........
Ala. .V. O.Tex &j Pac. June.
521,322
97.L43
95,001*
53 0,2; 9
N. Orl. A N. E. May...........
214,074
Ala. A Vlckab May...........
2o*>,143
32.999
35,746
*207.193
Vlokx.Sh. A P. [May...........
214,615
45,230
38.5 . -i
96*2,524
953,702
Allegheny Val.. May........... 198,718 216,601'
484,282
25,286
526,589
24,476
Ann Arbor........ [3d wkjune
3 ‘.140
29,602
6,577!
8,070
Ark. Midland...; April........
Aten. T. & 8. Ke April......... 2,203.270 2,35'1.3!* 1 9,171,549 8,963,583
492,786
104.462 118,267
489,488
Atlanta A Char. April........
172,614
150,578
35,186
32.811
Atlanta A W. P. April.........
240,367
245,545
10.330
Atlan. A IJanv.. 2u wkjune
93,928
92,732
Atlantlo A Pac. let wkJ'ne
6,873
13,440
8,197
3.331
Auguata Sout'n. February..
18,869
58,831
19.614
19,275
Austin A N’ wesl;March.......
151,579
156,169
43,300
46,600
Balt-Ohea.A AtiJMay...........
B. AO. East Lines!January.. . 1.385.877 1,229,219 1,385,977 1,229,219
469,216
Western Lines IJanuary... 443,068 469.216
443,068
T o ta l.......... April.......... 1,866,416 1.737,392
■al.AO .8ouw 3d wkJune 121,' *67 114.327 2,8 *7,360 2,845.873
244.357
237.512
70,909
BangorAAroost. April.........
68,940
7,072
7,384
1,932
1,848
Bath A Ham’ nd-.1AprU.........
6,654
1.332
1,679
M r. A Atlantlo.. [May...........
8,838
T
R
ailw
AT
LIST.
Brooklyn Elev.. S ek strkk
163 597
44,685
44,897
187,027
BrunsWk A West! April.........
61,117 1,467,031 1,337,534
71,256
Bn9.Booh.APiu id wkjune
44,352
32,973
Buffalo ASusq.. May...........
1,919,741 1.580,769
71.809
80,226
Bar.O.Rap.Ah 2d wkjune
194,089
204.855
66.526
72.118
Camden <S Ati..l April.........
7,094,371
8,009,562
376,00t
351,009
OanadlanPaclhi 3d wkjune
13,889
19,126
2,317
2,011
Oar.Midland___May.............
Cent, of Georgia Apr 1......... 891*681 331,946 1.748,591 1,494,585
Central of N.J..|May........... 988,383 1,083,965 4,701,356 4,789.382
Central Paclflo. April......... 950.163 1,072,081 3,640,052 3,709,910
15,683
. .
5,673
4 ,6 j5
Char. Cl. A But.. May...........
193,253
39,990
223,028
45.290
Charleafn A8av. [April........
Ches. A Ohio___[3d wkjune
188*720 179,906 4,732,5* 7 4,355,003
908,084
938,347
Ches.O.Abo.W.. May........... 179,201 194.595
Cnic.Bur AU.d April........ 2,511,758 2,477.509 10.415.921 9,560,184
1,071,035
1,8
J
l.397
72,000j
73.000
Chic. A East. Ui 3«i wkjune
66,323 2,149.692 1,555,167
85.752
Ohio. Gt-WeaVn. 3d wkJune
Chlc.M ll.A 8LP. 3d irkJune 602,504 517,898 13,787,848 11.855,824
Chlo.A N 'thw ’ n. May.
2.671,965 2,401,43: 12,560,936 10,575,573
247.761
02,593
268,228
63,997
Chle. A No. Pac. April
397,596
424,877
19,190,
16,642
Chlc.Peo.A8LL 2d wkJ une
5,638,367
5.938,390
1,201,242 1*107*213
Ohio.K'k I . A P . . May
Ohlc.SLP.M.Au .May
590,970 518,983 2,856.528 2,416,320
708,949
654,129
28,975
27,766
Chic. A W. Mien 2d wkJune
24,203
23,781
5,259
5.145
01n.(Ja. A Porte May
262.719
320,568
14,685
Cln.Jack.A Mac. ,3d wkjune
11*261
Oln.N.O. A T . P . May........... 263,105 273,813 1,349,169 1,363,392
98,894
109,576
21,105
22,188
Oln. Port*. A V . May...........
262,811
292,673
12,068
14,636
Clev.Can. A S o.. 2d wkJune
5,940,882
5,630.938
Ot-Cin.Ch.A8LL 2d wkjune 249,380 288,746,
740,747
Peo. A Eaat’ n May........... 140,716 180,3201 718,978
508,125
599,73'.*
21.596;
33,521
CL. L or.A W heel. 2d w kjune
653,192
777,980
OoL. M idland___May............. 166,018 154,192
874,830
1,023,947
124,843
186.512
OoL H .V .A T o i May...........
318,676
345,321
15,520
17.876
OoL Sand* v A H .3d w k j une
6,300
4,800
1,800
1,300
Colaaa A Lake . May. ..
I
2,280
3,338
893
1.145
Crystal.............. March
230,709
249.649
60.045
OumbTd Valley
I>«nv. A Rio Or 3d w kjune 145.000 136,600 3,230,578 3,022.623
37,298
49,875
1,443
2.447
De#M. AKan. C. 2d wk.l une
122,364
177,166
28,155
31.165
De» M. N. A W. M ay...........
489,055
463,434
19,692
21,139
2d w kjune
93.304
175,942
23,803
44.904
DeL A Mackinac A p ril........
805,331
890.341
42,302
49.087
Dulatha.tt.AAti. 2d w kjune
450,979
543,345
91,313
96.5^9
Klirln.Jol. AEart t May...........
E rie,.................. A p ril........ 2,389.850 2,264,080 9,288,866 8,802,710
14,40*1
14,578
5,461
5,180
M arch.......
139,330
132,509
4,720
4,575
3d w kjune
42,980
44,191
2.417
3,699
Brans. A Rich. 1st wkJ’ ne
466,091
501,906
23.052
18.12(5
B ran sr. A T . H. 3d w k ju n e
000.127 575,838 2,276.147 2,155,945
Fitchburg.......... A p ril........
1,107,054
1,223,872
49,042
46,' ;i i
Flint A r . Marq 2d w kjune
955.720
43,039 1,007,910
39,164
Fla.O* ut. APen. 2d w kjune
345,558
294,638
83,573j
78,913
FLW‘ thADen.0. A p ril.........
149,420
134,818
26,933;
16,552
FL W. A Rio Or. M ay...........
3,328
4,374
8671
959
Gads. A AtL U. May...........
533,383
650,675
18,644'
20,798
Georgia R R ....... 2d w kjune
200,485
319,992
8,520
20,017
3d w kjune
244,650
280.868
51.395!
49.743.
A p iil........
320.615
356.304
67.192
70.357
Gao. bo. A Fla. May...........
925.761
917,361'
39,f 02
36.418
3d w kjune
202,271
198,456
8,3061
7.320
3d w kjune
20,047
21.098!
942
847
Traverse City 3d w kjune
50,009
59.620
2,1691
2,456
Mas. G. R. A I 3d wkJune
51,019; 1,190,533 1,204,691
47,011
Tot. all Une* 3d w kjune
7,696,903
7,**08,979
346.130
Grand T runk... 3d wkJune 353.371
52.142! 1,467,756 1,212,453
61,232
2d wkJune
406,212
386,885
19,142
17,082
2d wkj une
2,625
3 059
2d w kjune
On.Sag.A 3
1,036'
1,199
ToLS, A Musk. 2d w kjune
Great North’ n
M ar........... 1,120,445
'438.006
609,961
143,802 10 4,555
May...........
603,478
775,191
160,371 124,138
May...........
1,430.078 1.23l|301 6.373|l57 5.180,678
May........... 1,43(L078
*
14.738
S
11,181!
28,220
33,032
1896.
1895.
Jan. 1 io Latest Date*
1896.
$
16,386
3,435
18,942
4,545
721,778
287,160
51,^00
6,603
1,651,832 8,194,43 s
203,216
6,693
283,199
65,071
50,085 1,349,557
986,716
38,460
864,193
30,084
20,503
4,458
119,482
32,761
217,711
8,327
62,705 1,878,322
490.509
17,862
105,415
19,332
1,645
406
285,704
7,441
142,240
6,456
181,941
6,425
26,770
6,361
59,638 1,607.923
164.272
41,290
69,070
17,507
361,875 1,277,063
37,521
11,562
680,817
23,956
344.760 9.130,253
57,045 1,424,668
181,685
32,838
20,295
5,616
52,937
15,570
18,519
178,038 4,606,226
981,965
218.601
80,080 2,235,686
286,730
58,948
50,510 1,364,934
225,645
8,781
844,733
36,081
47,190 1,540,091
200,098 4,962,554
350.000 9.681.000
318,000
10,000
360.000 9.999.000
120,793
4.461
291,670 1,466,620
474,749
101,746
388,066 2,053,768
5,697
1,969
29,366
8,075
73,497
3,608,066 17,401,439
69,503 1,604,124
849.936
171,128
138.254 5,314,032
21,870
3,980
514,341 2,461,066
7,250,954
300,044
14.162
1,737
42 ,.593
18,034
66,977
15.120
351,709
12,240
254,776 1.030,855
385,381 1,317,217
5,205.472 20.026,109
391,563
15.449
194,812
46,907
1,157,112
313,723
1,729,129 7,812,439
1,772,976 8,318,404
3,502,105 16,130,843
210,635
55.373
1,189,906 6,044,690
17,240
3.278
288,518
12,513
760.871
41,767
368,861
19,159
150,629
9.630
70,556 1,294,467
531.472
150.640
123,115
19,195
237,025
59,112
114,480
28,371
195.506
7,925
49,000 1,024.062
40,625
9,346
21,585
7,103
322,108
33,050
13,156
2,479
487,732 1,939,764
78,400 2,067,490
500,400
117,792
678,455
124,183
271,374
78,395
261,463 1,153,843
108,970
21,072
48,193
17,518
6,300
1,604
6,719
1,414
3,025
Gulf AChioago .[May. ...
5,204
.Hoos.Tun.AWii.jMay. ...
239,503
Hous.ATex.Cen.iMaroh,
8,800
Humest’ nASheDjMay. ...
Illinois Central.'M ay........... 1,587,126
tnd. Deo. &West. 2d w kjune
7,903
Ind. HI. & Iowa. ;A pril____
05,066
In.& Gt.North’n 3d w kjune
49,312
tlnteroo. (Mex.) WkJune 6
38.000
31,184
Iowa Central... . 3d wk J une
3,769
Iron R a ilw a y ... jMay.
J aek. T. & K. W . A p ril.........
29,550
Kanawha A Mich 3d w k j une
8.617
ELC.F.Scott AM. 2dw kJune
63,915
3 6,859
K.C. M em.ABir. 2d w kjune
20,384
Kan. C. N. W ___May.
316
Kan.O.A Beat. M a y .____
K.
C.Pitts. & G -. 3d w kjune
14.396
Kan.C. Sub. Belt 3d w kjune
10,251
Keokuk A West. 2d w k ju n e
6.980
L. Erie All. & So. May...........
3,806
L. Erie A West.. 3d w kjune
62,814
Lehigh A H ud.. May.
36,694
Lex'gton AEast. April
19,381
Long Island.......May.
351,541
6,252
Los. Ang. Term. May...........
I Louis.Ev.ASt.L. 3 i wbJmie
26,856
I Loulsv.ANas'nv. 3d w kjune 380.315
i Louis. N.A.ACh. 3d w kjune
58,130
Lou. St.L. A Tex. M ay...........
38,264
Macon A Blrm .. A p ril........
2,547
Manlstique........ May.............
10,515
18,219
MemphlsAChas 2d wkjune
tM exioanCent.. 3d wkJiuie 163,241
Mexican Inter*! A p ril____
239,498
IMex. National. 3d w kjune
85,7S9
59,061
M ex.Nortner^.. A p ril........
54.342
IM exlcanR ’way WkJune 6
7,295
Mexican So....... Istw k J ’ ne
37.075
M mneap.ASt.L. 3d w kjune
72,439
M.
St.P.«sS.St.M. 3d wkJune
Mo.Kan. A T e x . 3d w kjune 180,629
Mo.Pao.AIronM 3d w kjune 362.000
11.000
Central Br'ch. 3d w kjune
373.000
Total........... 13d wkJune
Mobile A Blrm.. '2d w kjune
4,248
M obile a O hio.. May........... 314,539
88,682
Mont.AMex.Gif. M ay...........
Nash.Ch.A St. L. M ay........... 392,859
Nevada Central March.......
2,059
7,985
Nev.C’ yNar.Gge. A p ril........
N. Jersey A N . Y March.......
N. Y.C. A H . R .. May........... 3,704,680
81,627
N. Y. OnL A W 3d wkJuue
N. Y. Susq. A W . .' May...........
190,993
Norfolk A West. j3d w kjune 204,903
3,447
Northe’rn (Ga.). April
North’n Centra){May.
498.303
North'n Paclflo. 3d w kjune 348,420
2.871
Ooonee A West May.
22,282
Ohio R iver......... 2d wkj une
11,899
Ohio Rlv.ACha* A p iil_____
12,663
Ohio Southern 3d w kjune
Oregon Imp. Co. April......... 281.501
317,889
Paclflo M ail— A p ril........
Pennsylvania.^ A p ril........ 5,132,272
14,077
PeoriaDeo.AEv 3d w kjune
53,373
Petersburg.........A p ril..........
Phila. A E r ie ... A p ril......... 345.727
PhUa. A R ea d ’g. May........... 1,587,570
Coal A ir . C o... May........... 1,952,901
Total both Cos. May........... 3,540,471
52,336
Ph. Read.[AN.E. A p ril........
Pitts.C.C.ASt.L. M ay........... 1,217,834
3.355
Pitts. Mar. A Ch. M ay...........
13,238
PltLShen.AL.E. ;3d wkJune
38,771
Plttsb. A W est-. 3d w k ju n e
16,601
Pitts. Cl. AToi. 3d wkJune
13,896
Pitts. Pa. A F.|3d w kjune
69,268
Total system.. 3d wkJune
171,886
Pitt. Young. A A . M ay...........
23,469
Qulnoy O. A K.C. <May...........
65,329
Rtoh.Fr’ksb.AP. A p r i l .......
31,265
Rich. A Petersb. A p ril........
9,010
Rio Gr. South’ n 2d w kjune
43,800
Rio Gr.West’n.. j3d wkJune
8,513
8ag.TusooiaAH. May.
8,591
8ag. Val. A St. L. March
34,920
St. L. A . A T. H. 4th wkMar
4,879
8t.L.Ken’etA8o. M arch.......
St.T-.ASan Fran. A p ril......... 448,424
69,400
St.L.Southw’rn. 3d wkJune
109,230
St. Paul A D ul’tb May...........
127,632
San Ant. <s A .P . May...........
68,941
P.Fran.AN.Pao. M av...........
S*v.Fia. A WesL A p ril......... 286,062
23,335
ttner.Hhrev.dt So May...........
17,751
811. Sps. O. A G M arch.......
6.300
SUverton.......... . January...
1,536
bo.H avenAEast May...........
So. Paoilio C o.GaLHar.AS.A A p ril......... 412.811 379,368 1 , 666 , 763
86,074
317! 971
67,742
Louis’a W est.. A p ril.........
Morgan’sL AT. A p ril......... 345,606 436,250 1,651, ,863
64, ,085
27,836
21,540
N.Y.T. A Me x . A p ril.........
443, 337
Tex. AN. Orl.. A p ril......... 107,386 137,408
737
4,193,
1,089,161
964,211
Atlantic sys .b A p ril........
Paoilio system A p ril......... 2,487,475 2,534,101 9,838 ,765
15,106;
,926
3,940.852
3,719,574
Total o f aU.e A p ril.........
826,258 828,046 3,286, ,996
So. Pao. of Cal A p ril........
827, ,412
So.Pac.of Ariz A p ril......... 185,091 172,027
404 ,927
95,142
86,848
So.Pao.ofN.M A p ril........
625, ,554
131,379
161.163
Northern Ry.. A p ril........
Southern R y ... 3d w kjune! 301,147 316,682 8,314, 186
81, 068
16,130
29,285
March.......
Spok. F’lsANor.
203, 474
67,080
78,118
Staten Isl. R. T. M arch.......
4, 892
1,019
1,602
StonyCl.ACMt.. A p ril.........
404, *14
79,282 103,554
Summit Branch. May...........
027
370
37,640
66
881
Lyk. Val. Coal May...........
775, 411
Tot’l both Go’s May........... 146.163 141,194
,851
60,
19,648
18,262
March.......
Texas Central..
94,595 2,726, ,522
88.113
Texas A Paoilio. 3d w kjune.
1 2 ,,620
3,009
2,561
Tex.8.ValAN.W M ay...........|
812 622
35,881
34,010
Col.AOhioOent. 3d wk.I uno
,886
437
16,537
IS,784
Tol. P. A West.. 2d wkJuue',
918 ,608
34,360
42.358
Tol.St. L .A K .C . 3d wkJ une
j
1895.
17,252
16,875
874,506
39,018
7,720,000
198,632
273,166
1,463,398
1,052,562
698,213
21,530
192,882
201,748
1,877,010
432,405
93,342
2,161
236,046
103,913
142,243
32,902
1,596,789
183.625
59,719
1,309,401
74,346
627,192
8,585,149
1,360,821
157,537
24,638
55,156
4,380,739
854,108
2,042,558
207,126
1,539,715
*213,677
791,182
1,037,709
4,941,588
9,79^,688
252,583
10,045,271
120,765
1,343,438
532,530
1,893,563
5,408
27,910
71,303
16,894,113
1,590,402
*95,285
4,170,639
18,391
2,512,468
6,742,001
9,096
311,113
59,527
323.855
1,004,221
1,458,194
19,436,909
413,358
168,270
1,094,414
8,077,841
8,963,106
17,040.947
218,509
5,743,418
16,994
251,366
721,612
377,024
133,364
1,248,713
516,445
97,408
221,641
103,534
160,264
976,215
45,182
19,427
322,991
8,413
1,837,800
2,205,053
486.298
748,226
282,174
1,115,174
136,899
42,730
1,604
5,493
1,504,163
387,451
2,053,514
82,583
549,733
4,681,684
9.534,346
15,452,487
3,113,159
790,307
356,337
557,742
8,024,259
49,305
204,537
5,089
501,180
292,447
793,627
62,838
2,970,941
17,508
705,589
422.803
770,42 J
THE CHRONICLE.
1174
Latest Gross Earnings
R oads .
Week or Me
1896.
1895.
Jan. 1 to Latest Date.
1896.
2 d week o f June.
[Y ol , L X 11,
1896
1895
$
63,915
16,859
6.930
1«,219
75,157
4.2 48
348,663
11,000
18,784
55,200
92,173
$
62,705
17,862
6,425
18,519
41,000
4.461
306,195
9.400
16.537
60,600
96,883
1895.
Increase
D'Creose.
ft
*
Kan. City F t. 8. A Mem.
ft
1,210
ft
ft
»
1,003
31,982
98.860 | Kan. City Mem. A Birm..
30,446
113,392
Ulster & D e l— A p ril.........
Keokuk A W estern..........
555
Union Pacino—
300
988.358 1,083,344 3,923,061 4,069,781 Memphis A Charleston..
Un. Pao. B R .. A p ril........
34.157
. ...
Or.S.L. & U. N A p ril......... 444,780 389.649 1,604,226 1,381.80-1 Minn. St. P. A S. 8te. M ..
44,915
186,108 Mobile & B irm ingham ...
53,245
213
197,327
8t.j0 8 .4 O d .Is. A p ril.........
33,147
23,213 Northern P acific..............
10,98 ■
42,468
5,056
K an .C .40m . A p ril.........
14.000
1,600
10,000
291,840 8t. Jo860h A Gd. Island..
288,607
T ot.8t.J.4G .I. 3a wkJune
252,934 Toledo Peoria A West’n ..
11.000
10,000
2,247
321,338
Cent.Br........ a 3d wkJune
Western
N.
Y.
A
P
enn
...
5,400
Aoh.Col.AP. ? A p ril.........
24,649
21.003
89,009 Wisconsin C entral..........
97,027
4,710
Aoh.J.C.AW \
59,985
45,445
228,919
181,846
Cen.Br.&L’dL. A p ril.........
Total (80 road s!............ 6,367,351 5,956,466
523,361
112.476
GFd total.* c A p ril........ 1.652,416 1,664,764 6,411,042 6,242,277
879,066 Net increase f6*90 p. o.b.
U P a o .D .& G ... A p ril......... 239,306 210,258
921,45^
410.885
............
W a b a s h ............ 3d wkJune 2^7,454 2*26,567 5,532,435 5,390.439
16,802
15,850
77,44
75,595
W aoo 4 Nortliw A p ril........
413.804
390,5t>l
West Jersey....... A p ril......... 124,394 117,167
Net Earnings Monthly to Latest Dates.—The table follow
403,327
97,655
88,658
472,374
W .V.C en.A Pittf M ay...........
29,414
30,119
West Va. A Pitts. Maxell.......
85,156
74,258 ing shows the net earnings of S tea .m railroads reported this
38,389
35,810
179,359
156,425 week. A full detailed statement, iacluiiag all roads from
Western of Ala.. A p ril.........
98,737
92,351 1,298,187 1,248,453 which monthly returns can he obtained is given once a month
West. Maryland. December.
55,200
6'),600 1,206,619 1,336,615 in these columns, and the latest statement of this kind will
West. N.Y. A Pa 2d wkJune
31,219
32,786
623,044
552.353
Wheel. & L. Erie 3 d wkJune
95,936 104,305 1,902,412 1,856,167 be found in the C hronicle of June 20,1896. The next will
Wisconsin Cent. 3d wk June
5.771
7,963
39,724
33,089 appear in the issue of July 18, 1896.
Wrlghtsv.ATen M ay...........
— Grose Earnings.------ /-----Net Earnings.----• Figures given do n o t Include Oregon Ry. A Nav., Un. Pao. D enver &
1895.
1896.
1*96.
1895.
Gulf, D enver Leadville A G unnison, Montana Union and L eavenw orth
Roads.
$
$
$
Topeka & South western, a These figures include results on eased lines.
94,227
198,718
218,601
74,738
o Includes earnings from ferries, etc., not given separately. } M exi A llegheny V alley......May
953,702
962,524
317,459
379,184
Jan. 1 to May 3 1 —
can currency, c Includes only half o f Lines in w hich U nion P acific has
a half interest.
142,080
157,332
491,946
482,019
Balt. Ohio A Southw. May
d Includes operations o f the Ohic. Burlington A N >rthern in both
708,952
873,345
Jan. 1 to May 3 1 ___ 2,456,032 2,508,249
years.
July 1 to M ay 3 1 ___ 5,905,264 5,834,014 1,978,546 2,162,274
$ Covers results for Hues directly operated east o f Pittsburg.
21,292
13 637
44,352
32,973
Buffalo
A
Susqueh’a.
M
ay
e Includes results on affiliated lines.
200,241
122,237
448,111
3L7.446
July 1 to M ay 3 1 ___
429,441
Central of N. J .a ...M a y
988,383 1,083,965
313,956
Latest dross Earnings by Weeks.—The latest, weekly eari Jan. 1 to May 3 1 . . . . 4,701,356 4,789,382 1,463,889 1,706,023
inns in the foregoing are separately summed up as follows:
2,701
Char. Clen. A Sutton..M ay
5,673
4,605
3,091
8,469
For the third week of June our preliminary statement
Jan. 1 to May 3 1 ....
23,3s3
15,683
11,653
296,869
covers 53 roads, and shows 6 64 percent gain in the aggregate Clev.Cin. C.A St. L .a .M a y 1,051,579 1,181,537
241,523
1.333,939
Jan.
1
to
May
3
1
....
5.151,057
5,412.465
1,205,226
over the same week last year.
July i to M ay 3 1 . . . 12,533,553 12,443,285 3,162,538 3,110,564
40,887
180.320
25,260
140,716
Peoria A East’n .a . May
3d week o1 June.
Increase. Decrease.
1896.
1895.
191,524
164,580
740,^47
718,978
Jan. 1 to May 3 1. . . .
413,183
425,503
July 1 to May 3 1 ----- 1,751,135 1,613,484
$
¥
$
40,496
26,018
96,791
120,922
Clev. Lor. A W h e e l... Apr.
Alabama Gt. Southern..
28,220
621
28,841
89,576
356,579
104,862
407,620
Jan. 1 to Apr. 3 0 ---24,476
Ann A rbor........................
25,286
810
361,554
387,897
1,303,953
1,138,831
July
1
to
Apr.
3
0
---6.740
114,327
121,067
Balt. A Ohio 8outhwest.
4,529
841
10,139
71,256
Buffalo Roch. & P ittsb’g.
10,931
6,841
61,117
Des Moines
K. C . . . Apr.
14,022
6,245
376,000
Canadian P acific..............
351,000
25,000
27,456
37,180
Jan. 1 to Apr. 3 0 ---193,720
Chesapeake A O hio.........
13,814
179,906
def.3,027
'6.733
84,240
83,364
G e o r g ia .a .................M a y
1,000
73,000
Chicago A East. Illin ois.
72,000
64,554
152,423
608.807
495,996
Jan. 1 to May 3 1 ....
85,752
Chicago Great Western..
6o,323
19,429
320,129
*425,954
1,393,310 1,230,379
July
1
to
M
ay
3
1
----602,504
Chicago Milw. A 8t. Paul.
84,616
517,888
12,309
13,476
36,709
34,716
[nd. Deo. A West.l> Mar.
Cin. Jack. A M ack..........
11,261
3,424
14,685
37,453
108,413
46,311
116,851
Jau. 1 to Mar. 3 1 ___
17,370
Col. Sandusky A H ock’g .
35,520
2,356
def. 823
145,600
Denver A R io Grande__
9,000
12,996
136,60t
23,494
Keokuk A West’n. b. .Apr.
33,626
Evansv. A Indianapolis..
26,607
4,720
4,575
53.432
145
138,335
104.743
Jan. 1 to Apr. 3 0 ---........
Evansv. A Terre H aute..
18,126
23,052
4,926 N. t . Sus. A W est.. b . May
46.325
87,512
190,993
171,128
20,017
Georgia A A labam a........
8,520
11,497
298,557
361,716
849,936
895,2-id
Jan. 1 to May 3 1 ----Grand Rapids A Indiana
36,41b
39,602
3,184
657,248
873,301
1,968,549
2,038,362
July
1
to
May
3
1
....
____
Cln. Rich. A Ft. Wayne
7,320
8,306
986
132,571
514,341
94,743
498,303
847
Traverse C ity ....... ........
942
95 North. Central.b....... May
716,371
5 7 7 .8 U
Jan. I to May 3 1 ---- 2,461,066 2,512,468
2,456
Mus. Gr. Rapids A Ind.
2,169
287
Grand Truna o f Canaaa.
353,371
749,608
346,430
624,073
6,041
Pliila. A R eading.. ..May 1,587,570 1,729,129
Intern’l A Gt. North’n ...
49,312
50,085
773
Jan. 1 to May 3 1 ----- 7,812,439 8,077,841 3,192,914 3,401,483
Iow a Central....... - ...........
31,184
30,084
1,100
Dec. 1 to May 31 — 9,645,695 9,629,709 4,008,65 l 4,006,345
Kanawha A M ichigan___
8,617
8,327
290
Coal
A Iron C o ___May 1,952,901 1,772,976 def.57,820 def.6,221
Kan. City Pittsb. A Gulf.
14,396
7,441
6,955
Jan. 1 to May 3 1 . . . 8,318,401 8,663,106 d f.487,113 df. 204,141
Kau. City Sub. B e lt........
) 0.251
6,456
3,795
Dec. 1 to May 3 1 ....1 0 ;5 3 4 ,7 6 2 10, 551,361 df.56 *,533 df.391,569
Lake Erie A Western......
62,814
59,638
3,176
743,337
566,253
Total both Cos — May 3,540,471 3.,502.105
Louisv. Evansv. a 8t. L
26,856
23,956
2.900
Jan.
1 to May 3 1 ---- 16,!,130,843 17, ,040,947 2,705,801 3,197,342
Louisville A N ashviile...
380,315
344,760
35,555
Dec. 1 to May 3 1 ---- 20,•,180,457 20,,181,130 3,439,119 3,614,776
Louisville N. A. A Chio.
58,130
57,045
1,085
Mexican Central..............
163,241
178,038
14,797 Pitts. Shen. A L. E rie—
M exican National............
80,080
5.709
107,464
145,752
495,352
406,543
July 1 to Mar. 3 1 ___
Minneapolis & St. Louis.
36,081
994
203,282
242,292
•outhern R ailw ay.a .. May 1,,354,183 1 ,394,007
Minn. St. P. A S . S. M . . . .
47,190
25,249
Jau. 1 to May 3 1 — 7 406,103 7,,072,43 L 1,900,090 1,757,488
Mo. Kansas A Texas.......
200,098
18,169
July 1 to M ay 3L ....1 7 , ,731,599 16 .713,038 5.404,619 4,969,552
Mo. Pacific A Iron M t___
12,000
350,000
10,796
3,977
127,632
San Ant. A Aran. P. May
121,183
Central B ranch.............
10,000
1,000
147,274
130,849
678,455
Jan. 1 to M ay 31 . . .
New York Ont. A West’n.
748,226
69,503
12.124
Norfolk A Western..........
138,254
66,649
8,435
79,282
Summit B ranch........ May
103,551 d ef.25,031
Northern P acific..............
300,044
71,762
48,376
501.180 def.57,482
401,814
Jan. 1 to May 3 1 ....
Ohio Southern.................
423
12.240
def.920 def.15,053
37,640
Lykens Val. Coal.. . May
66,881
Peoria D ec. A E v a n s v ...
15,449
1,372
2 0 ,1 2 0
25,371
292,447
370,G27
Jan. 1 to May 3 1 ___
Pittsb. Shen. A L. E rie..
12,513
725
def.25,951
d ef.6,618
Pittsburg A W estern..
111,194
146,163
Total
both
Co’s
...M
ay
70,556
1,288
91,882
775,441
Rio Grande Western..
Jan. 1 to M ay 3 1 ___
793,627 def.32,111
49,000
5,200
8t. Joseph A Gd. Island.
10,001
4,000
8t. Louis Southwestern..
a Net earnings here g iv en are after deducting taxes.
78,400
10,000
Southern R ailw ay..........
b Net, ea.rnin£r* here sriven are nefore dedu^tintr tax«e301,147
316,682
15,535
Texas A P acific............ .
* Including other incom e, the net from January 1 to M ay 31 wa
94,595
6,482
Toledo A Ohio C entral...
35,881
1,871 $183,799, against $95,930, and iio m Ju ly 1 to May 31 $488,706,
Tol. 8t. L. A Kan. C ity..
against $382,911.
1
34,36C
7,998
Wabash..............................
226,567
887
Wheeling A Lake E rie ...
32,786
1,567
Interest Charges and Surplus.—The following roads, in
W isconsin C en tra l....
104,305
8,369 addition to their gross and net earnings given in the foregoing,
5,103,603
Net increase (6*64 p. o .). 1
435,854
338,985
96,869
--- ...
For the second week of June our final statement covers
80 roads, and shows 6*90 per cent gain in the aggregate.
2d week o f June.
1896.
Prev’ly reported (55 r’ ds!
Atlantic A D a n v ille .......
Burl. Ced. Ran. A North.
Chicago Great Western,.
Ohio. Peoria A St. Louis.
Cleve. Canton A South’ll
Ulev. Cin. Ohio. A 8t. L ..
Col. Sandusky A H ock’ g.
Des Moines A Kan. City.
Duluth 8o. Shore A A t l..
Flint A Pere Marquette.
Fla. Cent. A Peninsular.
Georgia..............................
Georgia A Alabama.......
Indiana D ecatur A West.
$
4,995,174
10,238
80,226
89,625
16,642
14.636
249,380
16,532
2,447
49,087
49 042
39,164
20,798
15,259
7,903
1895,
$
4,691,233
10,330
71,809
64,227
19,190
12,068
268,746
11,047
1,443
42,302
46,614
43,039
18,641
8.494
6,693
Increase.
$
378,910
8,417
25,398
2,568
5,485
1,004
6,785
2,428
2,154
6,765
1,210
Decrease.
*
74,969
92
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
Roads.
Buffalo A Susqueh’a.M ay
July 1 to May 31 —
Clev. Cin. Ch. A St. L. .May
July 1 to M ay 31 . . .
P eoria A E astern... May
July 1 to M ay 31 . . .
- Bai. o f Net E a rn * —
•Inter't, rentals^
1896.
1895.
1896.
1895.
$
$
$
$
4,833
12,987
8,804
8,305
25,392
133,912
66,329
96,845
241,062
2,199
5 5 ,«07
239,324
560,190
507,879
2,602,348 2,602,685
4,085
36,802
36,802 def. 11,5 42
8,365
404,818
20,685
404,818
STREET RAILWAYS AND TRACTION CO-ttRANIES.
2,548
The following table shows the gross earnings for the latest
period of all 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
of figures give the gross earnings for the latest
3,875
week or month, and the last two columns the earnings for
the calendar year from January 1 to and including such latest
week or month.
19,366
THE CHRONICLE
Jose 37, I8#b.]
STREET
G ross
E ARMINGA
RAILWAYS A S i)
TRACTION
Latest Gross Earnings.
Week or Mo
—
1896.
1995.
COMPANIES.
Jan. 1 to Latest Date,
1896.
1895.
Akron Bedfd &Clev. May...........
9,674
31,305
Akron St.By.A 111. Co May........... 16,592 14,330
83,990
69,513
Allent'n <k Leb. Tr't’n May........... 21,734 19,119
80,744
72,223
Amsterdam St. R y ... April.........
3,679
3,675
14,477
12,926
Atlanta Con. St. R y.. May........... 35,101 30,668 144,352 117,234
Baltimore Traction... May........... 113,167
99,741 472, ;93 417,333
Bath St. Ry. (N. Y.K. May...........
1,319
1,796
7,260
6,786
6,969
Bay Cities Consol___May.............
7,315
32,759
30,463
Binghamton St. Ry... May........... 12,725 10.800
52,616'
43,22-t
Bridgeport Traction. 1st wkJ’ne
7,355
127,194 109,002
6,23i
Brockton Con. St. Ry. May........... 2«,698 22,549 112,229
92,912
Brooklyn Elevated.. 3dwkJune 30,786 37,820
37
865,513 1,068,377
Br’klyn Rap.Tr. Co.—
Brooklyn Heights.. May........... 425,420 379,615 1,747,889 1,313,984
Br'klyn Qu’ nB ASab May........... 69,217 58,566 273.302 201.875
Total for system . May........... 494,637 438,181 2,021,191 1,515,359
Boilalo Ry.................. March.........................
335.154 297.363
59.147!
Central Trac.i Pitteb.) April........ 14,805 13,523
53.971
4,039
Cheater Traction.......May............. 19,725 17,279
63,360
Chic. & So. Side R.T.. May........... 55,396 61,380 310,217 322,832
Oin.
N ew p o rt A Co y
p r il......... 50,950 45.959 185,825
Cln. Newport
t .. A
April.........
165,994
Cit’a Pas. Ry. (ind’s.) April........ 75,985 72,758
"7 ,9 7 7
City Elec. (R<»me,Ga.) May...........i 2,010
1,335
Cleveland City Ry... May...........104,897
91,548 441,232 388,700
May........... 150,758 129,600 654,933 550,137
Cleveland Electric
Colombo* St. Ry. (O.) May.
■ f>8.169, 55,077 259,428 239,100
123.857 13J.8S1
Coney Inland A B'lyn. May........... 36,229 34,028
Consol. Traction. N.J May........... 254,753 215,355
41,059
Dauv.G'sE.L.ASt.Ry. May...........
7,67
6,445
Denver Con. Tramw. May...........! 62,7131 59,302 284.831
273,908
Detroit Ry.................... May........... 33.40T'
174,812
84.549
Dnluth St. Ry. .......M a y ............ 18,843 18,375
83,666
49,162
57,766
Erie Elec. Motor Co.. May........... 13,891 11,756
7,462
1.384
Flushing A College PL May...........
2,301
Fort Wayne Consol. May........... 14,859 10,319
1
41*775
27,010
26,317
Galveston City R y... February.. 13,053 1*,419
Herkimer Mohawk £110,415
ton* F'kfortEl.Ry. March.......
1,701
3,66
9 i0 . . .
Hoosick Ry................. May.
3.175
18,133'29,133
Houston City SL Ry May. .
Interstate Consol, ot
45,462
North Attleboro... May........... 10,720 .
Lake SL Elev. (Chic.) April......... 52,908
37,008
Lehigh Traction.........!April..........
9,126 ,
5,292
Lock Haven Traction April.........,
1,407:
19.399
29,918
London 8t Ry. (Can.). M a y ..........
7,055: 4.884,
29,632
20,532
6,147| 7,164
Lorain 8t. Ky............. May.
147.040 134.588
IthwXMay 45,390 41,797 501.984 459,770
713,554
2 wk*Joue 74.371 70.715 766,381
376,219 326,608
March.......
18,172
21.295
5.426
4.259
May...........
May........... 114,203 100.000 486,322 404,505
Nashville St. Iiy....
March....... 24.304 23.837
8,544
Newburgh Electric. May...........
5,805
New England SL—
72,665
79.222
Winchester A ve..
M ay......... 20,711 18.680
9.518
2,290
10,940
May...........
2,*>90
6.064
0,9
9
WkJuue'20
i 0,340
5.005
4.042
23,478
May...........
54.835 j 47,278
New Haven SL Ry.
April......... 14,945 12.565
13,506
15.361
4,736
3.064
May...........
518,431
566,233,
12J.7G0
122,4
44
May...........
279,020
N. Y. A Harlem.......... March.......
Northampton SL Ry
19,307 j 12,997
4,920
(Mass.)...................... March.......
6,256
5,681
Ogdensburg SL R y .. May...........
1,918
May.......... 32,357 27,030 127,7a9 102,528
Pitts. Pronienae A
5.435
1,377
April.........
16,043
5.443 ........
March.......
12,572
15,665
4,060
3,174
May...........
March....... 70,975 65,038 210,775 187,100
5,441
3.470
Savannah Electric.. February..
*32,565
38,524
7.64<i
Schuylkill Traction.. May...........
8,956
15,131
20,655
5,382
4.479
Schuylkill Val. Trac. May...........
103,901
Scranton Traction... May........... 30,703 25,001 132.503
74,530
Second Ave. (Pittsb.! April......... 33,905 22,388 136,042
3 J,369j 31,288
0,333
Sioux City Traction May...........
6.828
84,641
Steinway Ry............... May........... 34,963 22,991 120.085
1,827
2 ,1 2 0
991
888
Streator Railway,... February..
63, 763] 70,876
May........... 11,026 13,467
14,884
3,515
May...........
79.7*09
May........... 27,340 22,726 121,289
7,909
12,819
7,909
Terre Haute Ei’e. Ry J urinary... 12,819
584,541 580,521
Third Ave. (N. Y.)
Maych.......
278,404
Toronto Ry............
April......... 70,241 75,199 298,536
May........... 170,108 164,000 789,695 754,080
63,224
77,547
May........... 13,342 15,028
137,045 119,681 524,570
60,303
69,698
May........... 19,430 17,938
33,613
38,650
March....... 13.449 11,537
15,819
19,206
4.651
5,584
Waketteid A "ton e.. May...........
89,153
97,343
Waterbary Traotion.. May........... 20,254 20,386
40,937
50,760
Wheeling Railway.. April........ 13,683 11,326
Mav........... 43,625 37,169 193,404' 151,426
April......... 39.053 32.474 145,800' 119.737
1175
— Grots K lrn m q s.------------ Net Karnlnqs.----- *
1896.
1895.
1896.
1895.
Roads.
$
$
$
Detroit Railwa v ___ . May
38,407
12,168
174,812
Jan. 1 to M*y 3 1 ../.
50,854
F t Wayne Cons. Ry..May
14.859
10,819
7,269
5,292
Jan. 1 to May 3 1 ....
57,561
41,775
21,496
15,493
6,147
Lorain8treet Rv.(0.).May
7,164
1,777
4,032
26,532
29,632
Jan. 1 to May 31___
5,951
12,304
Metrop’n St. Rv.,K.C.May
160,349
149,745
76,819
63,720
275,170
Jan. 1 to May 3 1 ___
692,010
642,839
229,390
June 1 to May 31___ 1,780,940 1.701,155
747.898
643,019
4,259
3,018
Montgomery St. Ry..May
5,426
2,027
Jan. 1 to M ty 31 . . .
21,295
18,172
10,153
6,786
New London St. Ry. .May
4,736
3,664
1,695
1,067
15,364
Jan. 1 to May 31___
13,506
2,843
2,000
Twin City Rapid Tr. .May
170,108
96,093
164,006
93,467
Jan. 1 to May 3 1 ___
789,695
754,080
426,234
399,547
Interest Oh irges and Surplus.— The follow ing St r e e t
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, & e., with the
surplus or deficit above or below those charges.
‘—Inter't, rentals, t £ c , e—Bal. o f Net E a r n s *
1896.
1895.
1896.
1895.
Roads.
$
$
$
$
Denver Con.Tramw. .May
17,878
17,446
7,333
5,723
Jan. 1 to May 3 1 ....
89,306
87,096
20,654
14,876
Lorain Street Ry.( O .jM a y
1,000
............
777
........
Jan. 1 to May 3 1 ....
5.000
............
951
.............
ANNUAL
REPORTS.
Annual Report*.—The following is an in le x to all annual
reports of steam railroads, street railways and miscellaneous
companies which lu re beeu published since the last editions
of the I nvestors * and S treet R a il w a y S upplements .
This index does not include reports iu to-day’s C hronicle .
R
a il r o a d s a n d
Volume 6 2 —
M is c e l . C o ’ s.
Page.
Allegheny V a lie v ....................... . . . 776
Burlington Ced. Rapids A North.. S66
Canada Southern.............................. 1038
Central Pacific..................... . 108), 1098
Chicago Edison Co............................ 987
Chicago Great Western ......... .. . 1136
Chicago & North Western ............1037
Chicago Rock Island A Pacific ....1037
Chic. A West Michigan.....................820
Chic. A Western Indiana.................1084
Cln. Ham. A Dayton (6 m onths)... 1038
Cincinnati Jackson A Mackinaw.. 1137
Cincinnati A Muskingum Valley.. 906
Electric Storage Battery................ 1038
Flint A Pere Marquette ................ S19
Ft. Worth A Denver City...............1085
General Electric........... ................ 770
Grand Rapids A Indiana................ 775
International A Great Northern... 1038
Jacksonville Tampa A Key West. 1137
Kansas City A O m a h a ................... 819
Lake Erie A Western.............. ..818, 826
Lake Shore A Michigan Southern. 864
Mahoning Coal H R ........................... 865
Mexican Central................. 805,817. 823
Michigan Central ............................ 865
R a il r o a d an d M is c e l . C o ’ s ( Con. )
Volume 6 2 —
Page.
Monongahela River R R ................. 867
New England Tel. A T el................. 903
X. V. Chicago & St. Louis...... ......... 803
Norfolk A W estern........ ................ 905
North American C o ........................1136
Ohio River......................................... 946
Oregon Improvement Co....... ....... 1081
Oregon Short Line A Utah North’n 819
Pacific Mail Steamship................... 980
Pennsylvania Steel......................... 776
Philadelohia Gas Co........................ 947
St. Joseph & Grand Island...............819
Southern Pacific C o .............. 1083,1089
Union Pacific..........................
818
United States Rubber Co................ 947
Welsbach Commercial Co............. 1137
Wilmington A Northern................ 807
St r e e t R a i l w a y s .
Allentown A L. .T raction.......... 900
Louisville R a ilw a y ....................... 411
Milwaukee Elec. Ry. & L igh t....... ,1038
North Hudson County................... 411
Sacramento Electric Pow. A Lgfc.. 411
Twin City Rapid Transit................ 600
Pittsburg Fort, Wayne & Chicago Railway.
(Report fo r the year ending Dec. 31, 1895.)
The annual reuort is m iinly statisticil, and a summary o f
the results for 1895 in comparison with the previous three
years has been prepared for the C hronicle , and is given be
low.
The report contains a statement as to the annual meeting
held Mav 12, 1896, from which ic appears that the scoskaolders ratified the cancellation of the lease between the New Cas
tle & Beaver Valley RR. Co. and the Pittsburg F >rt Wayne &
Chicago, daed June 29, 1865, whi-h lease was subsequently
assigned to tbe Pennsylvania RR. Co.
As to the improvements made and proposed, Consulting E ngineer J. C. Spencer says in the report: “ The amount added
to betterment for 1895, 877,756, is about wnat was added iu
the previous year, and shows the business of the road did not
require much addition to property; $11,463 was expended in
replacing wooden culverts with stone arches and $16,129 on
duu'ne track. It is contemplated to add 25 miles of double
track on the Western Division this year if the business of the
road will warrant the expenditure. More is beiag done this
year than in the previous year in improving the tract by lay
ing increased amount of heavy steel rails and ad ling to scone
ballast. The property generally is in good condition.”
The list of equipment remains as in previous year, and is as
follows : 343 locomotives, 222 passenger coaches, 74 baggage
"Earning* In May, 1995, were increased by Confederate Soldiers' Re cars, 14 postal cars, 4,628 box cars, 2,242 stock cars, 2,435
gondola cars, 450 flat cars, 162 cabin cars, all of which were
union In Houston.
in existence at close of the year, except 27 coaches which were
Street Railway Net Earning.—th e following table gives sold during the year.
the returns of S t r e e t railway groisa n 1 net earnings received
The earnings and expenses are reported as follows:
this week. In reporting these net earnings for the street rail
EARNINGS AN D EXPE N SES.
ways, we adopt the same plan as that for the steam roads—
1893.
1892.
1395.
1894.
$
$
that in, we print each week all the returns received that
$
$
Earnings—
7,224,614
8,719,530
...
3,133,730
6,594,540
Freight..........
week, but once a month (on the third or the fourth Satur
.. 2,107,302 2,050,931 4,598,926 3,231,839
Passengers
..
day ) we bring together all the roads furnishing returns, and Express, Ac .
836.127
818,463
856,591
784,379
the latest statement of this kind will be found in the
Total...........................11,102,923 9,429,959 12,659,667 12,769,832
C h r o n ic l e of June 20, 1896. The next will appear in the
Expenses.
issue of July 18, 1896.
Conducting transpoi't’n.$4,320,263
/— -Gross Earnings.— *>— —Net Earnings.-----1890.
1895.
1895.
1996.
«
Roads.
*
*
*
89,534
186.930
61,804
Brooklyn Elevated, a May
152.243
445,435
954,975
317,787
Jan. 1 to May 3 1 ....
775.704
759.241
7ttT,049
July 1 to May 3 1 .... 1,735,679 1,768,225
10,822
18,932
61.380
Chic, A Bo. Bide R. T.May
55,396
109,652
86,347
322,882
310,217
Jan. 1 to May 3 1 .. ..
25,211
23,16#
59,302
Denver Con. Tramw..May
62,713
109,960
101,972
273,908
284,831
Jan. 1 to May 31___
Maintenance of way. . . . 1,029,054
Maintenance of equip... 1,471,322
General expenses... . . . . .
627,665
7,161,766
3,916,732
9,193,094
Total expenses......... 7,418,393 7,161,766 8,946,732 9,193,094
Net earnings.................... 3,654,620 2,268,093 3,712,935 3,576,738
Net gain or loss from op.
—18,725
+9,810
—1,118
—9,609
N.Caatle&BeaverV.RR.
Total net Income....
3,635,895
2,277,933
3.703,817 .3,567,129
THE CHRONICLE,
] 176
The Pennsylvania Co., lessee, reports the following pay
ments :
1892.
1893.
1894.
1895.
$
$
$
$
1,330,090
1,380.000
1,380,000
1,380,000
Diva, on regular s t o c k ...
Divs. on special s t o c k ... 1,321,838 1,254,771 1,105,32 3 1,006,194
728,700
728,700
728,700
728,700
Tut. on 1st & 2d M. bonds.
140,000
140,000
14'),000
140,000
Int. on 3d mort b on ds..
19,000
19,000
19.000
19,000
M iscellaneous...................
T otal............................ 3.589.538 3.522.471 3.373.028 3.273.894
Net Income as above------ 3,635,895 2,277,933 3,708,817 3,567,129
Paid as above for rental. 3.589.538 3.522.471 3.373.028 3.273.894
101,100
104,100
104,100
104,ICO
Paid to sinking fu n d .......
B alan oeto lessee............
* Loss.
3,693,638 3,626,571
*57,743 *1,348,638
3,477,128
1231,689
3,377,994
1189,135
f Profit.
BALANCE SHEET DEC. 3 1, 1 89 5 .
Or.
Dr.
Tot. cost of r’way, 4c. .$50,171,828 Capital stock ............... $L9,714,286
Guar, special sto ck .. 18,333,401
Supplies transferred to
B on d s (see I n v e st o r s ’
Penn. HR. Co., July
S u p p l e m e n t ) ............ 12,410,000
1 ,1 8 6 9 .......................
463,725
40,58 3
Sinking fu n d s.............. 6,517,430 Dividends unoall’d for
Cash to' purchase b ’ds. 2,675,452 Dividends acorued,no!;
due ................. ... --675,459
Cash for dies, and int.
791,310
80,879
Cash accoun t..............
9,626 Coupons uotpresented
Unsurrendered bonds. 1,100.010
Penn RH, Co.,lessee —
Miscellaneous . . . . . . . .
6
Equip.& const.bonds
not yet surrendered. 1,100,001 Credit o f incom e acct. 8,332,376
M iscellaneous.......... .
3,124
T ota l..................
.$31,737,495
Total.
$3 L,737,435
~ V . 6 1, p. 872.
GENERAL INVESTMENT
NEWS
Reorganizations, Etc.—Latest Data as to Defaults. R e
organization Plans, Payment o f Overdue Coupons, Etc.—
All faots of this nature appearing since the publication of the
last issues of the I nvestors’ and Street R a il w a y Su pple
ments may be readily found by means of the following index.
This index does not include matter ia to-day’s C hronicle .
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 a il r o a d s a n d M is c e l . C o ’ s.
V o lu m e 6 2 —
P a ge.
Akron & Chic. June. (B .& O .) .co u p . 820
Am. W ater W orks (Omaha).p la n . 10S5
Baltimore Belt (B. & O.)........ c o u p . 820
Baltimore & N. Y. (B. & O.) ..c o u p . 820
Balt. & Ohio............ reorg. 777; com.1086
Do
....... reev . c t fs . P48, 987,1039
Do
. . . . c o u p . 820, 987, 1088, 1128
Cedar Falls & Minnesota........ soid.1039
Central Br. Union Pacific ... .re o r g . 908
Central Vermont.,..reor0.9O8, 987,1138
Chat. Rome & Col........ r e e v r ’s. c tfs . 1039
Chattanooga Southern......... reorg.L039
Cheraw & Chester.................... sold. 1138
Ches. Ohio & Southwestern., .co u p , 888
Do
do /orecU.039,10-6
Chicago & West M ichigan.. ..c r u p . 778
Choctaw Oklahama & Gulf.. .reo< g. 821
Cleve. Term. & Val. (B. Sc O.) .co u p . 820
Columbus & Hock. Coal & I . . .co m . 1087
Columbus Sand. & H ock...... cou p s. 949
Columbus Southern................. sale. 1087
Duluth & W innipeg.. .sa le 778, 821. 908
Frederick & Pennsylvania — colcL 10S7
Ft. W orth & Denver City. ...coup.1040
Grand Rapids & Indiana..........sold.1087
Green Bay W inona & St. P ...re.org . 821
Do
do
__ sold.908,1040
Houst. E. & W . T ex. .reu d ju s tm n t.L O iO
Jacksonv. Louisv. & St. L........sold.1087
Do
do
...... reorg. 889
Jacksonville Tampa & K. W .. .sa le 831
Kan. City & Omaha.reorg. 1087; sale. 1040
Kentucky & Ind. Bridge........ coup. 1087
Little R ock & Memphis............ sa le 909
Louisv. St. L.&Tex.#oli.889; reorg . 1040
Macon & Birmingham...........reory.1040
Marietta & N. Georgia...... s a le . 821, 889
Do
do
n e w p la n 1°40, 1088
Memphis & Charles.plan.821,889,1041
Do
do ........ reorg . 779, 949
Mexican Natl. R y __ rea d ju st. 990, 1139
Minnesota & W isconsin........... sale. 1041
National W all Paper........ in ter e s t. 1139
New’kSom ’t&Straitsv.CB.&O.lde/. 820
New York & Sea Beach........... sold 1088
Norf. Albem. & Atl. .sold 909; reorg . 1088
Norfolk & West ..d e p o s its 821, 909,1041
do
do
................ c o u p s . 950
American
R a il r o a d a n d M is c e l . G o ’ s { C o n .)
V o lu m e 6 2 —
P a g e.
No. Pacific........... .......... forecl. 822, 990
do
. . . .reora. 779.870, 1041,1088
Dul. & Manitoba......... settlement 1139
No. Pac. <fc Manito. R y .settlem ent 870
James Riv. Valley.............. reorg. 909
Spok. & Palouse. .setilem ent.990 , 1041
Helena & Red Mt........settlemeiu.1088
Ogdensb. & L. Cham.c jup.888, 948,1041
Ohio Southern..de/auifc.1041; reorQ.1140
Oregon Imp.. .plan.QjQ. 1041, 1084,1038
Do
do
opposition to plan 1140
Oregon Ry. & Nav..................... sale. 1088
Wash. & Idaho m ort.......... forecl.lO il
Oregon Short Line & U.N.coup.779, 870
do
do
instalm’t due. 1088
do
do
reorg.H4:0
Utah <fc No ...eq u ip .b o n d s Sc coups. 9L0
Pecos Valley........................... reorg. 1088
Peoria Dec. & E v ..fo recl.lO il ; coup.1140
Pliila. & Read, .forecl. 832, 950,93y, 1041
Pittsburg & W estern.d if. 820, com. 822
Port Royal & A ug., .sate.950; reorg. 1140
Port Royal & West. Carolina.reorg. 1140
Quincy Omaha & K. C ... agreem en \ 832
Richmond Nicholasv. I. & B — sale 910
St. Joseph & Gr. Isl’d.pian.784,870, 950
St. L. Kennett <&Southern . .receiu.1140
St. L. & San F .. .plan, 804, 822, 829,1042
Do
do reevrship. 870; coup.1140
St. L. Salem & A rk ... .settlem ent 1140
Seattle Lake Sh. & East.reorg. 785, 870
do
do
..soteZ.960,1088
South Atlantic & Ohio.......... forecl. 1042
Summit Branch R R ....... com . 1088.1140
Union Elevator (St. L ou is). .reevrs. 1042
Union Pacific........... coup. 871, 910,1098
United States Cordage, .forecl.. 828, 989
Whitebreast Fuel................... coup. 1140
St r e e t R u l w a y s .
Cincinnati Inclined Plane...... com. 1040
Hudson Electric R y ............. recur. 1139
Lake St. Elevated (.Chicago).coups. 949
Lancaster (Pa.) St. R y........ coupon 990
Nashville Traction..................reorg. 990
Seattle City R y ........................... sale 950
Syracuse Street Roads........... reorg. 950
Union St. Ry. (Dover, N. H .). .sale. 1140
Telephone & Telegraph —American
Bell
Telephone.—Increase o f Stock.—The stockholders of the
American Telephone & Telegraph Co., (the company operating
the long-distance lines of the American Bell Telephone Co.) on
June 22 authorized the increase of the company’s capital stock
from $12,000,000 to $20,000,000, to meet requirements because
of increased business and extensions.—V. 62, p. 1085.
Atlas Tack Company.—Reorganization Committee.—The
stockholders have appointed the following reorganization
committee: C. D. Hunt of Fairliaven, Walter Dabney of
Boston, J. H. Parks, Treasurer of the oompany, J. R. Carter
of Newton, and Dr. Hubbard of Taunton. On July 23 a
complete report of the condition of the company will be
made to stockholders.—V. 62, p, 867.
Baltimore & Ohio RR.—Central Ohio UR.—Payment o f
Coupons.—The receivers on June 9 began paying the coupons
clue March 1 on the Central Ohio bonds; and on June 22 the
coupons due April 1 on the Parkersburg Branch bonds. During
June, also, has been paid the coupon due May 1 on the sterling
loan of 1871, which was purchased in London at maturity by
J. S. Morgan & Co.
Of the interest due July 1, 1896, the following, it is under
stood, will be paid at maturity: Loan of 1853, bond to city of
Baltimore to purchase Pittsburg & Coanellsville; Northwest
[V ol . LXII.
ern Virginia RR. 6s; Pittsburg & Connellsville ^consol. 6s; B.
& O. car trust bonds of 1887, and Winchester & Potomac RR.
bonds.
Defaults July 1, E tc.—The only coupons now in default
are; Of those due May 1, Akron & Caicago Junction 5s, Con
fluence & Oakland 03, Newark Somerset & Straitsville 5s, Pitts
burg & Western second mortgage 5s; of those due June 1,
Washington City & Point Lookout 6s. It is also learned on
good authority that the following interest due July 1
will not bs paid at maturity: B. & O. preferred stock, Colum
bus
Cincinnati Midland 4}^s; Sandusky Mansfield &
Newark 7s. The preferred stocknolders of the B. & O. have
employed counsel and will seek to establish that they possess
a lien superior to that of the main-line bonds.
Agreement with City o f Baltimore.— The City Council of
Baltimore has authorized the Mayor to sell to Eugene Delano
of Brown Brothers & Co. the balance of the indebtedness of
the B. & O. to the city growing out of the purchase in 1875 of
the city’s interest in the Pittsburg & Connellsville. Of the
original indebtedness of $1,000,000 only $200,000 remains un
paid. This balance Mr. Delano has agreed to take at par and
accrued interest to July 1.
Newark Somerset eft Straitsville creditors' suit. Regarding
the suit of James H. Smith, a cantractor, which has been in
the courts for many years, a final judgment was recently
rendered. This suit was brought against the branch road to
enforce the stockholders’ liability. Tne Supieme Court of
Ohio has now modified th9 judgment of the lower courts,
which, with interest, amounted to some $330,000, and has re
duced the judgment to about $60,000, of which amount the
Baltimore & Ohio as stockholder is liable for about $10,000.
—V. 62, p. 1133.
Carolina Cumberland Cap & Chicago Ry.— Reorganiza
tion.—No active measures looking to the reorganization of
thi3 company have yet been taken, but it is probable that ac
tion will not be long* delayed.— V. 61, p. 793.
Chesapeake Ohio & Southwestern RR,—Coupon P ay
ment.—Notice is given that the coupons due Feb. 1, 1896, on
the C. O. & S. W . first mortgage bonds will be paid, with in
terest, on and after June 30, 1896,at the National Bank of the
Republic, New York City, and at the Treasurer’s office, Louis
ville, K y.—V. 62, p. 1036.
Chicago & Northern Pacific RR.—Decree o f Sale Entered.—
Judge Jenkins in the United States Circuit Court at Chicago
has entered a decree of sale in the foreclosure suit, placing
the upset price at $10,090,000. The master will fix the date
of sale, probably for or about Oct. 1. The Reorganization
Committee represents nearly all the bonds. Current gossip
has it that the Vanderbilt interests may possibly obtain con
trol of the property. Ths Michigan Central now uses the
passenger depot of the Illinois Central.—V. 62, p. 1039.
Chicago & South Side Rapid Transit.—Commitees Agree
as to Reorganization.—The Chicago Tribune on Wednesday
said:
Levi Z Leiter and Joseph Letter have withdrawn their objeotion to
the reorganisation plan as proposed by the first m ortgage oondholders’ oommittee and as endorsed by the m embers of the second m ort
gage oommittee, w ith the exception o f Joseph Leiter. The oom pany
will now be reorganized under the plan first p ropose I by the com m it
tee representing the fi-st m ortgage b >nds. The only matters to be
settled now are the m inor details regarding interest on the new bonds
to be issued and a settlem ent o f the back iaterest.
Holders of the first m ortgage bonds w ill receive par in the new
bonds and the holders o f the so called exten sioa bonds w ill b >given
60 per oent of the faoe value of their holdings. This will give an issue
of new bonds o f $9,300,000. It is the plan to issue preferred stock
for back interest and to reduce the interest on the bonds for a period
o f years A fter fifteen years the new bonds w ill begin bearing interest
at the rate of 5 per oent.
There will be an assessment o f $25 a share upon the capital stock
of the com pany, which amounts to $7,500,000. This w ill give the
oom pany $1,875,000, which will be used in building lines to Englewood,
and the Stock Yards, to conn ect the line with the Union loop, to equip
the road for operation w ith eieotrioity as the m otive pow er,
and for puttin g! the
structure in thorough repair. It is
estimated the m oney to bn derived from the assessment w ill do all this
and leave a little in the treasury. Aside from the settling of details
regarding interest, the m ost im portant m atter confronting the two
comm ittees will be the question o f underwriting the assessment on th e
stocks.—V . 62, p. 868.
Citizens’ Street RR., Indianapolis.—Stockholders' Cir
cular.—A circular has beeu sent to the stockholders by 8. C.
Igoe, of Indianapolis, stating that au inquiry has been started
there by some of the local stockholders to investigate the
charges of mismanagement, and to compel an accounting.
The circular says that no dividends have been paid and that
from the surplus revenue (estimated in the aggregate for
three years past at over $513,000) from the sale of stock and
bonds and from floating debt (thought to be over $390,000)
the company has received a large amount of money, concern
ing the application of which it has made no report. Stock
holders wishing to secure the full benefits of the proceeding
are asked to communicate with Lew Wallace, Jr., Indian
apolis. Friends of the company say the charges are without
foundation.—Y. 60, p. 794.
Columbus & Hocking Coal & Iron .—Plan Operative —
The reorganization committee announces that a large maj ority
of the stock has assented aud that the plan of reorganization
is therefore declared operative.—Y. 62, p. 1087.
Consolidated Kansas City Smelting & Reflniu?.—List
ing o f Preferred Stock.—On the New York Stock Ex
change has been listed $228,500 of this company’s 7 per cent
cumulative preferred stock, with power to list subsequent
issues up to an aggregate of $2,000,009, up an official notice of
issue—Y . 02, p. 364, 1087.
J e m 87, 1896.]
THE CHRONICLE.
Georgia Midland Ry.—Southern Ry.—Lease Agreed
Upon.—On the 18th inst., at Columbus, Ga., a 93-year lease of
the Gaorgia Midland to the Southern R til way was agreed
upon. The latter company is to guarantee the interest on
$i,650,0*oo Georgia Midland Railway 3 par cent 50-year gold
bonds. The hold,rs of the $1,653,000 old firsts receive 85 per
cent in the new bonds and the balance of the issue (§247,500)
goes to the Southern Co. to pay off the car trusts and all in
debtedness The first coupon, due Oct. 1, is for one per cent,
and thereafter 1)£ p. c. The Southern Co. acquires all the
stock, and will take possession July 1. This gives the South
ern Co. an entrance into the important railroad centre at Col
umbus, Ga.—V. 62, p. 277, 1139.
Green B a y * Western R R .—Green Bay Winona & St. Paul
RK.—New Company.—The Green Bay & Western RR. is the
name of the new cjm pany formed to succeed the Green Bay
Winona & St. Paul sold in foreclosure on May 12. The board
of directors consists of S. S. Palmer, President; Mark T. Cox,
Secretary and Treasurer; C. Ledyard Blair, W in. J. Wilson
and W. j . Hunt. The new securities are being printed and
will be issued as soon as possible.—V. 62, p. 1040.
Hingham Street R y —New Loan Offered.—This company’s
$125,UCO hist mortgage 5 per cent gold bonds, due June 1,
1916, are iffered for sale. They are secured by mortgage on
about fifteen miles of track, car houses, power house, e'e., in
Hingham, Mass. Capitalization—stock §145,000 ; bonds,
$125,000. The road was opened May 28, 1896, and connects
with the Quincy & Boston Street Railway, thereby giving a
direct through i.ne of 13 3 4 miles into Boston. It also ex
tends to Nantasket Beach, etc.
Houston East k West Texas Ry.—Transfer o f Control.—
On June 19 the control of this property was formally trans
ferred to James A. B'air, representing Blair & Co., of New
York. The following directors were elected; T. W. House,
Samuel Allen, C. Lombardi, M. G. Howe, Henry Brashear
and James A. Baker, Jr., of Houston, and James A. Blair,
James Byrne and Edgar Marston, of New York. The new
officers are: T. W. House, President; M. G. Howe, VicePresident and General Manager; James A. Baker, Jr., Secre
tary.—V. 62, p. 1040.
11lids')n Tnnnel Ry.—Reorganization Plan Adopted.—At a
meeting of bondholders in London, June 11, the committee
was authorized to foreclose the mortgage (farmers' Loan Sc
Trust Co., American trustee.) and toorganizea new company
under the lat> s of "New York and New Jersey, or one of
them, on the basis formulated in the report of the committee
to the bondholders dated May 30, 1896." The total cost of
completing the tunnel is estimated a'. $2,376,779, including:
real esiate and right of way, $321,150; construction, $1,335,304; machinery, track and equipment, $346,000; for contin
gencies and engineering, $374,325. By running under the
freight yards of tfce Delaware Lackawanna & Western the
road, it is stated, can come to the surface just outside that
yard aad connect with the three trolley lines running out to
the suburban districts in New Jersey. This would also
also bring the road in direct communication with the D. L.
& W . The tunnel has been constructed from the north head
ing for 3,897 feet eastward from Jersey City side and 180
feet from New Y’ ork westward. This leaves 1,613 feet of
tunnel to drive to connect the north heading from shaft to
shaft. The total length, including the open cut, will be 9,270
feet. There are about 600 feet of the south heading driven
from Jersey City eastward. It is now proposed to build one
tunnel complete with all the terminals and to run two lines
through that one tunnel.
The bondholders’ commitee is understood to include: H. E.
Golding, W. J. Ruegg, Major E. Gladstone, Lieut. Col. H. C.
Gleadon, F. Freeman, F. Tarry, John Young. F. B, Jennings
represents the American holders.—V. 62, p. 925.
Kansas City * Northern Connecting RR.—Kansas City
Suburban Belt RK.—Omaha & St, Louis R R.—(Jnincy
Omaha X Kansas City Ry.—Subscription to Bonds Invited.—
Subscriptions for tha Kansas City Northern Connecting RR.
Company’s first mortgage 5 percent gold bonds are invited at
the offices of the Missouri Kansas & Texas Trust Co. in Kan
sas City, Philadelphia, New York, Boston, Amsterdam, Lon
don, Berlin and Hamburg. The bonds, to be issued at
$.0,000 a mile, are offered at 80 with a bonus of 35 per
cent of their face value in second mortgage income bonds
t issued at $15,000 per mile) and 50 per cent in stock.
The Kansas City & Northern Connecting RR. is owned and
is being built by the Kansas City Suburban Belt RR. from Pattonsbnrg to Kansas City, 72 miles. It will give a Kansas
City connection to the Quincy Omaha & Kansas City and
the Omaha & St. Louis.
The three roads will be
operated as one property, and later (after they have shown
their capacity for two consecutive years to earn 5 par cent on
their first mortgage bonds at $20,000 per mile) it is proposed
to merge them into one corporation. The system will 1190
the extensive terminals of the Kansas City Suburban Balt
RR. in Kansas City, and through them make direct connec
tion with the Kansas City Pittsburg & Gulf RR. to the Gulf
of Mexico.
Official Statement as to Loam and Consolidation.—An ofhcTal
circular gives the following facts regarding the new loan and
the proposed consolidation:
Th* Oniney
Me., 130
tonthurir. Mo.,
po**<i of Tbeo.
phia, and the
Omaha A Kansas City Ry. (Qiinoy, HL, to Trenton
and the Omaha <k St. Louis RK. (Omaha, Neb., to Pat144 mile*) have been purchased by a syndic ate 00mOilman .fc Co., o f New York ; Drcxel <fe Co., of Philadel
Mlsiouri Kaosas tk Texas Trust Co., and the link be
1177
tween Trenton aDd Pattonsburg, a distance o f about 28 miles, is to be
immediately completed.
The Kansas City & Northern Connecting RR. is to be built at once
from Pattonsburg to Kansas City, for an inlet of these properties to
Kansas City, and the three road s w ill be operated as one property,
using the extensive terminals of the Kansas City Suburban Belt RR.
in Kansas City, aDd through them making direct connection with the
Kansas City rittsburg &, Gu.1 f RR. to all the im portant ports on the
Gulf of M exiox
The local traffic that will be offered to this railroad between Quincy
and Omaha alone will, it is thought, more than meet the interest on
the first m ortgage b on d s; but there are pending negotiations with
five other important railway lines for tlie use o f this i nlet to Kansas
City, at least three o f which will probably be closed in the near future,
which will add largely to its earning power. From the granaries of
the Northwest a large vo.um e o f business will thus be secured des
tined for Europe through our Gulf ports, through which ports traffic is
steadily increasing.
From the South in return will be furnished
lumber and c >al. The volume of business will, it is believed, earn the
full interest on the incom e bonds.
It is proposed to form a n e w corporation later, which will absorb
the Quincy Omaha & Kansas City Ry., the Omaha & St. Louis R R .
and tue Kansas City & Northern Connecting RR. companies after the»
three properties have shown their capacity for two consecutive years
to earn 5 per oent on their first mortgage bonds of $20,000 per mile,
and therefore provision will be made iu the m ortgage for exchanging
the bonds now offered for bon is o f like denomination and value iu the
consolidated company when such period arrives. The stock will also
be exchanged share for share for the stock of the consolidated corp or
a tio n —V. 60, p. 5 2 5 ; V. 62. p. 822, 990, 1033.
Kansas City Pittsburg & Gulf R R.—Construction Prog
ress.— Vrack-laying is now progressing rapidly south of
Poteau, Indian Territory, an average of one mile per day
being laid. Tne town of Mena in Arkansas, about 10 miles
south of Poteau, has been located in the center of a rich agri
cultural district, and lots are being sold. The gap between
Shreveport and Mansfield is being rapidly completed and a
trestle bridge over Wallace Lake (nearly one mile in length)
is being finished, Grading south of Mansfield for a distance
of 40 miles will be complete! by July 1st.—V. 62, p. 949.
Lancaster & Chester RR.—Cheraw k Chester RR.—Re
organized Company.—The Lancaster Sc Chester has been or
ganized as successor of the Cheraw & Chester, recently fore
closed. The capital stock is $50,000.—V. 62, p. 1138.
Lehigh Valley RR.— Elmira Cortland & Northern RR.—
Bonds Listed.—On the New York Stock Exchange have been
listed Elmira Cortland & Northern Railroad Company’s first
mortgage gold bonds, due in 1914, $2,000,000, of which $750,000 are first preferred 6 per cent bonds and §1,250,000 are 5
per cem bonds guaranteed by the Lehigh Valley RR. Co., by
endorsement as follows:
For a valuable consideration, the Lehigh Valley Railroad Company
hereby guarantees to the holder o f the within bond the punctual pay
ment o f the principal and interest thereof when and as the same beoome payable.
fn witness whereof the said cim p an y has caused to be hereunto
affixed its corporate seal, duly attested, this .......day o f .............., A . D .
eighteen hundred anil ninety six.
signed by the Vice-President and Secretary. V. 62, 364, 1087.
Louisville Evansville & St. Louis Ry.—Present Status.—
The Consolidated Bondholders Committee is waiting to see
the results from this summer’s operation of the road Early
in the fall a plan of reorganization will be formulated.
Coupon Payment.—Interest due Jan. 1,1896, on Evansville
Rockport & Etstern first mortgage bonds will be paid at the
office of the New York Security Sc Trust Company on and
after June 29.—V. 62, p. 726.
Louisville Henderson & St. Louis RR .—New Mortgage
filed.—Tnis company has made to the State Trust Co. of New
Y’ ork, as trustee, the mortgage for §2,590,000 provided for un
der the reorganization plan of the Louisville St. Louis &
Texas (V. 62, p. 138). Of the new issue §400,000 bonds are
reserved for an extension to Louisville or other necessary im
provements.—V. 62, p. 1043.
Manhattan Elevated RR.— Damages to Real Estate.—
Judge Beekman, of the Supreme Court, has ordered the com
pany to pay $149,535 for damages to the property Nos. 92,
148, 150 and 152 Pearl street.—V. 62, p. 1087.
Mexican Industrials Ry .—Belt Railway—Bonds Offered.—
This company’s first mortgage thirty-year 6 per cent gold
bonds were recently offered for sale at 95, with a bonus of
$400 in stock. The issue of bonds is secured by mortgage to
the Boston Safe Deposit Sc Trust Co. as trustee, and is limited
absolutely to $1,500,000. The following statement is made
regarding the enterprise.
The Mexican Industrials Ry. Co is incorporated under the laws of
Colorado, to build a olrouit road around the city of Mexioa to connect
for transfer purposes the M exican Central F y., Mexioan Ry. Lim
ited, M exican Cuernavaca & Paclflo, the Interoceanlo Ry. and also
the various Industrial enterprises In and about the city.
The
com pany has made a contract with the various railway lines entering
the city by whloh it is to do their transfer business during a period or
fifteen years on a basis which guarantees sufficient earnings to pay at
least 6 per cent on the oost o f the road within the territory o f its belt
line, that is, between Its connection with the luteroceauie By. and its
connection with the Mexico CuernaTaoa & Paeiflo By. It is proposed
at present to construct the belt line and the braDoh to San Lacaro, and
the oonneotlon with the cattle-slaughtering establishment. Within a
short time it is intended to issue $350,000 of the bends to build addi
tional hues to Industrial establishmsots as they are needed, bat at
present only $150,000 are to be sold, in order to oomplete and equip
the belt line.
The company has a concession from the Mexioan Government for
nii.sty-nine years, is free from taxation and is allowed free im
portation o f all artioles o f construction and supplies for fifteen
years. It also in s the privilege of using electric power and the right
of way through streets of M exico City. The President is S. W. Reyn
olds, form erly of the Mexioan Central; Walter 8. Walt. Boston. VicePresident; John Clark, Boston, Treasurer; Edward H. Whorf, Mexloo. General Manager.
,
Milwaukee Electric Railway & Light.—Street Car Boy
cott off.—The boyoott resulting from the street car strike of
May 4 was officially declared off June 19.—V. 02, p. 1087
THE CHRONICLE.
1178
Mt. Adams & Eden Park Inclined Ry.—Mt. Anbnrn (’able
Street KR.—Cincinnati Street Kai 1way.—Consolidation—
Xew Stock.—The stockholders of the Cincinnati Street Ry.
are notified that at their annual meeting, July 29th, thev| will
be asked to vote on the following propositions :
First—To purohase the Mt. Adams & Eden Park Inolined R y .,
together with all Its property, franchises, e tc.
And in the alternative,
Second—In case such purchase shall not be approved, then to con
solidate the Cincinnati Street Ry. Co. and the Mt. Adams & Eden
Park Inclined Ry. into a single corporation upon the term s p rov ision
ally entered into by the boards o f directors o f said companies.
Third—To purchase the Mt. Auburn Cable Street R R ., with all its
property, etc., upon terms heretofore agreed upon.
Fourth—To increase the capital stock o f the Cincinnati Street R y.
Co. in the sum o f *7,000,000 in case o f the purchase o f both the abovementioned properties. And in the event o f the purchase only o f the
Mt. Auburn Cable Street RR. to increase the oapital stock in the sum
o f *1,000,000 to make said purchase and for the purpose o f m aking
extensions and for such other objeets as shall seem desirable.—V. 62,
p. 1X39.
Nashville Chattanooga * St. Louis Ry.—Padncah Ten
nessee & Alabama RR.—Stockholders to Vote on Lease.—At
the annual meeting Sept. 9. 1896, the stockholders of the
Nashville Chattanooga & St. Louis will ratify the company’s
lease of the Paducah Tennessee & Alabama RR. and Tennessee
Midland Ry.—-V. 62, p. 414.
New York & Pennsylvania RR.—Consolidation Effected.
—At Albany, June 22, the New York & Pennsylvania and the
Olean Owego & Eastern filed agreements of consolidation
with the Secretary of State, forming a line from Oswayo,
Pa., to Rexville, N.Y., 28 miles; extensions are proposed. The
capital 9toek is $500,000. Directors are Benton McConnell,
Theodore Cobb, David N. Ramsay, William W. Rittenden
and Irwin M. Near.—V. 62, p. 909.
Norfolk Virginia Beach x Southern Ry.—Officers Elected.
—This company which on May 27, 1896, succeeded to the
property of the "Norfolk Albemarle & Atlantic RR., fore
closed, has elected the following officers: Alfred Skiit.
President, New Y ork ; W. H. White, Vice-President and
Counsel, Norfolk, \ a.; J. Carstensen, (Comptroller New York
Central) Secretary and Treasurer, New York, The road will
be made standard gauge.—V. 62, p. 1088.
Norfolk & Western RR.—Third Instalment Payable by
July 6.—The third instalment of §3 per share, pavable by de
positing stockholders, must be paid on or before July 6 next
to the Mercantile Trust Co., 120 Broadway, New York.
Over 97-y per cent of all the disturbed bonds of all classes,
and over 87 per cent of the stocks of the Norfolk & Western
having been depo ited under the plan, notice is given that
further deposits will not be received except in the discretion
of the committee and on such terms as it may impose.
Decree Entered.—At Norfolk, Va., yesterday, Juige Goff,
entered the decree for the foreclosure of the 100-year mort
gage, covering the main line of the system.—V. 62, p. 1088.
North American Match Co., Passaic, N. J.—Incorpora
tion.—This company has filed a certificate of incorporation
with Joseph H. Swett and William W. Watson as incorpor
ators. The authorized capital is $1,000,000.
Northern Pacifle RR.—Netv President.—Messrs. J. P.
Morgan & Co. announce on behalf of the Northern Pacific
reorganization managers that Edwin W . Winter, General
Manager of the Chicago St. Paul Minneapolis & Omaha Ry.
Co., has been selected for the presidency of the reorganized
companv with headquarters at St. Paul. Mr. Winter’s
connection with the Cnicago St. Paul Minneapolis & Omaha
road dates from 1879, and his reputation as a railroad man
ager is excellent.
Duluth & Manitoba Settlement.—The committee represent
ing the Duluth & Manitoba bondholders having effected a
settlement with the Northern Pacific reorganization man
agers, on the terms stated in the C h r o n i c l e last week, calls
for deposits of bonds not yet deposited on or before July 1.
S e e advertisement in another column as to deposits and inter
est payment.
First Mortgage Bonds and Interest.—T h e
co u p o n s d u e J u ly
1, 1896, o f t h e N o r t h e r n
P a c ific
fir s t
m ortg a g e- bon ds
a re a d v e rtis e d p a y a b le a t m a t u r it y a t t h e o ff ic e o f th e
r e c e iv e r s , 45 W a l l S tr e e t, N e w Y o r k .
T h o s e fir s t m o r t g a g e
b o n d s w h ic h w e r e d e p o s it e d f o r c o n v e r s io n o n t h e te r m s
o ffe re d b y th e r e o r g a n iz a tio n m a n a g e r s r e c e iv e d th e ir J u ly
in t e r e s t a t t h e t i m e o f d e p o s i t .
T h e c e r t ific a t e s r e p r e s e n tin g
th e m a re th e r e fo r e q u o te d e x - J u ly in te r e s t, w h ic h a c c o u n t s
fo r th e d iffe r e n c e o t p r ic e b e tw e e n th e c e r t ific a t e s a n d th e
u n d e p o s ite d b o n d s .
T h e b a s is o f c o n v e r s i o n is 135 p e r c e n t
in t h e n e w 4 p e r c e n t p r i o r li e n b o n d s o f t h e r e o r g a n i z e d c o m
p a n y ( o n w h ic h i n t e r e s t f r o m J u l y 1 , 1896, w i l l h e a d j u s t e d
q u a r t e r l y i n c a s h ) , t h e fir s t c o u p o n b e i n g d u e O c t . 1. O n
J u l y 1, 18 96, t h e b a s is f o r c o n v e r s i o n w i l l b e r e d u c e d f r o m 135
per c e n t t o 13 2 p e r c e n t . — V . 6 2 , p . 1139.
O g d e n G a s .—
Construction.—C h i c a g o Tribune r e c e n t l y
s a id :
The company is to begin putting up its main plant within the n ext
two weeks. The ground has been cleared, docks have been built and
railroad tracks laid into the grounds. The plant as now planned w ill
he oapahle o f producing 2,000.000 cuhio feet o f gas a dav. This nlant
can be increased in size from time to time as the demand’ fo r the p rod
uct increases. Fifty miles o f mains will be laid daring the summer,
all in the territory north o f D ivision Street. The com pany will sell
gas for 90c. a thousand.—V. 60, p. 432.
•
Oregon Improvement.—Plan Underwritten.—The plan has
now been fully underwritten, and has received the assents of
a majority of the first mortgage bonds. In connection with
[V ol . LX II.
Mr. Greene's report ou the property, which was published in
the C h r o n i c l e o f June 13, pige 1*484, some of our readers
may bs interested to study the statement of earnings of the
several properties for ten years past given in our editorial of
June 1, 1895, on page 955. This statement makes clear the
important part played by the company’s steamshios in con
tributing to the net income. Mr. Greene brings out the fur
ther fact that the net earnings as shown should have been
charged, as they were not, with about $150,000 annually for
depreciation and improvements of steamships.
The Oregon Improvement Reorganization Committee, John
I. Waterbury, Chairman, gives notice that the time for de
positing the bonds and stock of that Company with the Man
hattan Trust Co. of New York and the OlA Colony Trust
Company of Boston under the plan of reorganization has
been extended to Aug. 1.—Y. 62, p. 1140.
Philadelphia & Read. RR.—Payment of Overdue Interest.
Messrs. J. P. Morgan & Co., of New York, Drexel & Co ,
of Philadelphia, and J. S. Morgan & Co., of L mdon, announce
that they will be prepared to advance in cash against the
deposited general mortgage bonds of the Philadelphia &
Reading RR. Co,, at their offices, on July 1, 1895, 15)^ per
cent on unstamped receipts, of which 131^ per cent equals the
amount of coupons due from July 1, 1893, to January 1, 1896,
with interest thereon at 6 per cent per annum, to July l, 1896,
the coupons not to be extinguished, but to be kept alive for
the purposes of the ^reorganization as provided in the plan,
and 2 per cent is for the coupon on the new bonds due July 1,
1896. The firms will also pay 2 per cent on stamoed receipts,
which is for the coupon on the new bonds due July 1, 1896.
Reorganization receipts must be presented in order that such
advance may be noted thereon.
Foreclosure Sale Sept. S3.—The legal advertisement of the
sale of the Philadelphia & Reading property, under fore
closure of its general mortgage, is published iu this issue of
the Chronicle , and also the notice of the reoeivers’ sale of
certain miscellaneous assets. The sale is set for Sept. 23.
Earnings.—'The results of operations for May and the first
six months of the fiscal year were :
— --------M a y .— — - — ,
R a il r o a d C o m p a n y —
1896.
$
1895.
*
— Dec. 1 to M a y 31.—.
1895-96.
$
1894-95.
*
Cross receipts....... .............1,587,570 1,729,128 9,045,695 9,629,769
Operating ex p en ses......... 963,497
979,521 5,637,043 5,6*23,424
Operating p rofit..........
Net from other souroes
624,073
81,009
749,607 4,008,652 4,006,345
34,757
335,456
289,037
Total..........................
705,082
Deduct—
77,696
Equipm ent paym ents.......
Terminal tra ck a g e ............
40,000
Im provements, &e..............
2,924
P roport’n year’s charges.. 695,000
781,364 4,344,108 4,295,332
73,094 *1,023,284
478,764
37,832
210,000
226,992
2,265
61,292
74,815
694,274 4,170,000 4,165,646
T otal.........7.................... 815,622
807,485 5,494,576 4,946,217
Balance, de.fioit................... 110,540
23,101 1,150,168
650,835
C o a l a n d I ron C o . Gross r eceip ts.................... 1,952,901 1,772,976 10,534,762 10,551,361
Operating expenses.......... 1,9.50,206 1,736,701 10,674,26410,687,156
Colliery im provem ents
5 5,390
39,148
413,850
233,605
Perm anent im provem ents
5,125
3,347
16,181
22,169
Gross expenses................... 2,010,721 1,779,196 11,104,295 10,942,930
Loss from m ining................
57,820
6,220
569,533
391,569
Proport’n year’s charges..
95,000
95,000
570,000
625,000
Balance, loss.......................... 152,820
P. & R. a n d C. & I. C o.—
Loss of Railroad C o.......... 110,540
Loss of C. A I. C o................ "152,820
Deficit both companies 263,360
101,220
1,139,533 1,016,569
23,101
101,220
1,150,468
650,835
l,lo 9 ,5 3 3 1,016,569
124,321
2,290,001
1,667,404
* Includes *520,000 oar trust certificates matured in 1894 and 1895
not properly chargeable to 1896.
V. 62, p. 1041.
Pittsburg & Connellsville RR.— Baltimore & Ohio RR.
—Extension or Purchase of Bonds due July 1, 1S9S.— A n
a r r a n g e m e n t h a s b een m a d e w ith S p e y e r & G o. a n d Y e r m ily e
& C o . t o e x t e n d t h e P i t t s b u r g & O o n n e l l s v i l l e $ 4 ,0 0 0 ,0 0 0 fir s t
m o r t g a g e b o n d s , d u e J u l y 1, 1893, f o r f i f t y y e a r s f r o m J u l y 1,
1896, w i t h i u t e r e s t a t t h e r a t e o f 4 p e r c e n t , b o t h p r i n c i p a l
a n d in te r e s t p a y a b le in U n it e d S ta te s g o ld c o in .
U n d e r th is
a r r a n g e m e n t h o l d e r s p r e s e n t in g t h e i r b o n d s o n o r b e f o r e J u l y
15 n e x t w i l l r e c e i v e $3 5 in c a s h f o r t h e i r J u l y 1, 18 98, c o u p o n ,
a n d in a d d i t i o n t h e r e t o $37 in c a s h p e r b o n d , w h i c h s u m
e q u a ls t h e d iffe r e n c e b e t w e e n 7 p e r c e n t a n d 4 p e r c e n t in t e r
e s t o n t h e b o n d s t o J u l y 1, 18 98, u n d e r d i s c o u n t a t t h e r a t e o f
4 p e r c e n t p e r a n n u m , le s s $ 2 0 p e r b o n d d e d u c t e d a s a c o n s i d
e r a t io n fo r t h e e x te n s io n .
T h e h o ld e r o f e a c h b o n d so
e x t e n d e d w i l l t h e r e f o r e r e c e i v e i n a l l $7 2 i n c a s h a t t h e t i m e
o f e x t e n s i o n , a n d h is e x t e n d e d b o n d w i l l b e a r 4 p e r c e n t
in te r e s t in g o ld f r o m J u l y 1 n e x t .
B o n d s o f h o ld e r s n o t
a v a ilin g th e m s e lv e s o f th e a b o v e p r iv ile g e w ill ba b o u g h t , if
p r e s e n t e d o u o r b e f o r e J u l y 15, a t $ 1 ,0 9 2 in c a s h p e r b o n d ,
w it h J u ly 1 n e x t c o u p o n s a tta ch e d .
S e e a d d itio n a l p a r t ic u
la r s i n o u r a d v e r t i s i n g o o l u m n s . — V . 6 2 , p . 1138.
P i t t s b u r g M a r io n ; & C h ic a g o R y .— P i i t s b a r g L i s b o n &
W e s t e r n Ry.—Reorganization.— T h e P i t t s . M. & C . h a s b e e n
r e o r g a n iz e d as th e P itt s b u r g L is b o n & W e s te r n w ith th e
fo llo w in g o ff ic e r s : A , S. C o m s to c k , P re s id e n t a n d T re a s u re r ;
C. H , S m ith , G e n e ra l M a n a g e r ; K . E , B ir in g e r , A u d it o r a n d
G e n e r a l F r e i g h t a n d P a s s e n g e r A g e n t . — V . 6 2 , p . 5 0 3 .12
*
rHE CHRONICLE.
Ju k i 37, 1896.]
Railroad Building ia 1896.-H a lf-Y ea rly Statement.—
The records of new railroad bailding ia the United States
in 1896 gathered by the Railroad Gazette show that 717
miles of road have been built in the first half of the year. Fig
ures for this period compare as follow s:
1896. 1895.
Miles................. 717
620
1894.
495
1893.
1,025
1892.
1,284
1891.
1,704
1890.
2,055
Of the total given for the last six months, the Kansas City
Pittsburg & Gulf built nearlv 140 miles and the San Francisco
& San Joaquin Valley road 55 miles. The statement by States
for the half-years is as follows :
1896.
A labam a....... 25 5
Arizona T er..
A rkansas___ 77
C aliforn ia .... 101-5
C olorado....... 15
F lorid a .......... 50
G eorgia......... 45*3
Illinois........... 22
Indiana.........
25
Indian T e r ... 41
I o w a ..............
Kan sam..........
Kentucky. . . .
6
Louisiana___ 33
Maine............ 12
M aryland.. . . 11'5
M ich igan ___ 40
M innesota. ..
Mississippi___ 22
—V. 61. u. 1142.
1895. 1894.
20
23
64-6
25-5
19
18
23-5
48
7
50
67-5
8
4
8
14-9
41*5
•4
18
1896.
Missouri .......
New Jersey ..
4
New York ___ 1
N. Carolina... 3
Ohio
.......... 44
Oklahoma Ter.........
Pennsylvania. 37
S. C arolina..
Tennessee....... 15
T e x a s.............. 32-2
Utah T er........ 23
V erm ont......... 3
V ir g in ia ....... 14
W a*»hintrton... 4
W. V irginia... 4-5
W iscon sin___ 23-3
W yom in g____
1895.
17*5
1179
of this the committee has selected the following as directors
of the reorganized company: J. Kennedy Tod, Issac N.
Seligman, J. A. Blair. Ed. C. Henderson, Horace Porter,
Fred. Strauss, of New York; Benj. P. Cheney, Wm, T. Hart,
of Boston; Samuel C. Eastman, of Concord, N. H.; Charles
S. Gleed, Topeka, Kan.: Geo. A, Madill, Richard C. Kerens
and Daniel B. Robinson, St. Louis. As already announced,
Mr. D. B. Robinson will be President, with headquarters, it
is stated, in St. Louis. The only change in the name of the
company will be the use of the word Railroad in place of
Railway.—-V. 63, p. 1140.
San Francisco k San Joaquin Valley RR.— Mortgage
Authorized.—The stockholders have authorized the making
of a mortgage to secure $6,000,000 of 5 per cent bonds, to be
26*3
13*5
secured on all property now owned or hereafter acquired, in
29*5
cluding the road already built from Stockton to Merced, Cal.,
35
and the proposed extension from Fresno to Bakersfield and
47*8
30
from Stockton to San Francisco. The distance from San
54
Francisco to Bakersfield is about 325 miles. Already there
97
15
has been subscribed and paid in by popular subscription to
4
the stock the sum of $2,444 500, the greater portion of which
4
3
has been expended constructing the road south from Stockton
2
36
to Fresno, the terminus of actual construction being at pres
14
13
27
ent a few miles from Merced. The bonds will, it is said,
24
be ready for the market about Oct. 1. It is believed that the
9-5
20
6
....
8-4
5
new bond issue can be disposed of at par or near it, and that
3
Total U. 8 ... 717*3 620-4 495
....
with the proceeds and the present subscriptions sufficient
money will be provided to build and equip the entire roid .—
Richmond Nicholasviile IrTine k Beattyvllle R R.— V. 62, p. 870.
Louisville New Albany * Chicago RR.—Guaranty Held
Second Avenue Traction—Federal Street k Pleasant
Valid.—At Cincinnati, Ohio, June 22, the United States
Circuit Court of Appeals reversed the decision of the lower Valley Traction (Pittsburg.)—According to the Pittsburg
court in nineteen appeals of various persons against the Louis Commercial Gazette the dpal for the purchase and lease of the
ville New Albany & Chicago RR. The directors of the rail Federal Street & Pleasant Valley Traction Co. in the interest
road guaranteed $1,185,000 of the bonds of the Richmond of the Second Avenue Traction Co. (the Pittsburg company
Nicbolaaville Irvine & Beattyville RR. The stockholders did with which Alexander Brown & Sons are identified) was
not approve the action. The lower court held that the action of completed on Monday and only remains to be ratified by the
the directors was illegal, and that the L. N. A. & C. could not Pleasant Valley stockholders on July 6. wh9u the formal
transfer will be made. By the terms of the sale, it is stated,
be held liable for the guaranty.
The Court of Appeals reverses this, holding that the action the majority stockholders will receive $25 per share, the
of the directors is legal under the laws of Kentucky, and par value of their stock, and 6 per cent interest in January,
binds all the Kentucky property of the L. N. A. & C. to all while the minority stockholders will receive $24 25 per share
purchasers of the bonds, and that under the laws of Indiana |and 5 per cent interest in January next.—V. 62, p. 989.
it binds the property of the company in that State to all in
Sunbury k Lewistown RR.—Refunding Bonds Sold.—This
nocent purchasers, but not as to those who bought the bonds company is understood to have accepted the bid of Kuhn,
knowing that the stockholders had not approved the guaranty. Loeb & Co., for $500,000 of 40 year first mortgage bonds to
The New Albany officials say the decision does not involve take up the same amount of 7 per cents due July 1.
over $300,000 of the bonds, and that until a copy of it is re
Texas Sabine Valley k Northwestern Ry.— Foreclosure
ceived, enabling them to judge of the accuracy of the tele
graphic reports as above given, they are unable to say what Sale July 7.—This road, extending from Lo gview Junction,
course they will pursue. An appeal, however, will probably 1Gregg County, Texas, to Carthage, in Paaola County, a dis
be taken, as the company claims there are no innocent holders tance of 38 miles, is advertised to be soli under foreclosure at
of the bonds, as the directors' action was promptly repudiated j Longview, Texas, on July 7, the upset price being $65,000.
The Farmers’ Loan & Trust Co. is mortgage trustee.
by the stoak holders.—V. 61, p. 512, V. 62, p. 910.
Richmond Traction Co.—Line Opened.—The formal open- j Toledo St. Louis k Kansas City RR.—Status o f Foreclo
ing of the Richmond Traction Co.'s Broad Street line took |sure and Reorganization.—The bondholders have made a mo
took place Thursday June 18. A map of the system will be : tion in their foreclosure suit to limit the time in which testi
found in the Street Ra il w a y S upplement.—V. 61, p. 831. mony before the Master may be heard, but it is not expected
that a decree of sale can be had until the October term o f the
St. Loula Avoyelles k South Western Ry.—Receiver Ap- \Court. The interests in the road are in disagreement as to a
pointed.—H. J. Fitch has been appointed receiver of this j reorganization. The first mortgage bondholders insist upon
road, recently completed between Buukie and Simmsport, |a heavy assessment on both the preferred an i common stock.
La., with branch, 36 miles in all. Five per cent gold bonds The preferred stockholders are dissatisfied with the decision
were authorized at $10,00b per mile. The April, 1898, coupons i of Judge Ricks to the effect that their stock is not a lieu upon
the property and have appealed from the same. This ques
were not paid.—V. 60, p. 657.
SL Louis Cape Girardeau k Fort Smith RR .—Decision as j tion is the one now before the Master. The comm on stock
to Receiver.— At Jefferson City, Mo., June 23, the Supreme j holders are unable or unwilling to pay an assessment, so that
Court decided that Judge Louis Houck is properly acting as an absolute decree is necessary to cut them off. The receiver
used the net earnings to pay the fl latiug debt directed to
receiver of this road and that Eli Klots, alleged to represent j has
be paid by theCourtand has keot the track and equipment in
the Missouri Pacific interests, has no authority in the premises. Jgood
order. There are still car trust payments to oe made.—
—V. 62, p. 591.
V. 62, p. 910.
St. Louis Kennett & Southern R R.—Receivership Vacated. \ Lnited Elevator Co., St. Louis.—Receivers' Certificates.—
—Judge Adams, in the United States Circuit Court at Sc. Receiver Francis has applied for permission to issue $47,000
Louis, on Monday vacated the order of June 5 appointing S. j receivers’ certificates for repairs on elevators A and B.—
W. Fordyce receiver of this road. The order was granted on V . 62. p. 1042.
application of a stockholder charging fraud. Judge Adams '■
West Jersey k Seashore RR.—New Bonds.—The consoli
says the appointment was ill-advised.—V. 62, p. 1140.
dated mortgage recently authorized by the stockholders for
St. Louis Peoria k Northern Ry.—St. Louis k Eastern improvements and refunding prior boads when due secures
R y . —Consolidation—New Bonds.—Regarding the consolida an issue of $7,000,000 gold bonds, dated July 1, 1896, matur
tion and the new issue o f bonds the C hronicle is officially ing July 1, 1936, bearing interest at rate of 4 per cent per
informed as follows :
annum, payable semi-annually January 1 aud July l (coupon),
The S t Lonls Peoria * Northern has bought an and united the live susceptible of registration as to principal, fr»e from taxes
prior existing organizations owned l>y the 9t. Louts A Eastern R y. imposed by tiie State of New Jersey or tho Uaited States.
Co., that In. the 8t. Louis A Eastern, 9t. Louis A Peoria. North A South t
Philadelphia,
RR. of Illinois. Madison Coal Co. and Mt. Olive Coal Co. The new The Commonwealth Title Insurance & Trust C
company begins operations under It* ow n name July 1, 1896. The is the mortgage trustee. The $100,000 Salem RR. bonds, the
road Is now in operation from Sr. Louis to Springfield, HL <99 miles), $100,000 Ocean City RR. bonds and the $87,000 bonds of the
and the company proposes to extend the line through Pekin and
Peoria to East Clinton, III., 251 tulles from St. Louis. The bonds re West Jersey & Atlantic RR Ci. have been paid off and can
cently authorized cover not only all the railway pronerty and full celed. On July 1 also the $100,000 Philadelphia Marlton &
equipment, hot also five o f the largest ooal plants in Illinois, (with a Medford bonds and the $30,000 Pleasautville & Ocean City
capacity of 6,000 tons per day), over 4.500 acres of coal, owned out bonds will be redeemed, thus reducing the prior liens, for
right, and over 300 aores o f surface (Including the greater part of 1
houses id Glen Carbon) In addition to the railroad right o f way. The which new bonds must be reserved to $3,539,900. Of the new
total issue authorized under the mortgage is $5,000,000, o f which ' loan, $1,000,000 has been sold to Blair & Co. tn pay off deben
$2,140,000 is outstanding, the bonds being gold 5 per cents, due with- |tures and other indebtedness, leaving $3,480,000 in the com
ont option May 1. 1936. The bonds will be a first lien on the entire :
The net earnings of
mileage as soon as *162,000 St. Louts A Peoria bonds are redeemed. pany's treasury for future requirements
the road for 1895 were $616,268, and after deducting taxes,
The Preslnent of the com panv Is Wm. E. Gay, Security Building. St.
Louis. -V. 62. p. 1042.
rentals, etc., there was a balance of $553,433 applicable to in
St. Lon is k San Francisco Ry .—Sale and Directors o f New terest. The annual fixed charge, including the $1,000,000 of
Company.—At the foreclosure sale to-day the Reorganization bonds just sold, is stated at $253,275, which leaves a surplus of
Committee expects to buy in the property. In anticipation $300,158 on the basis of last year’s operations—V. 62, p. 1098.
1894.
6
35
2
19
43
THE CHRONICLE.
1180
%]i t (fromxMVtml H ero es.
COMMERCIAL
[V ol . LXII,
C O T T O N .
F r i d a y N i g h t , June 26, 1896.
T h e M o v e m e n t o f t h e C r o p , as indicated b y our telegram s
EPITOME.
F r id a y N ig h t . June 2 6 .189 6.
Early in the week unfounded rumors that the Administra
tion intended adopting a more aggressive policy relative to
the Cuban situation produced a slightly unsettled feeling in
financial circles; the Venezuelan situation and the silver
agitation also have had a disquieting effect. In the mercan
tile world, however, the fact that one o f the leading political
parties has declared for sound money has had an appreciable
influence upon business, a disposition having been shown
during the past week to make investment purchases when
prices were considered low, while trade generally has shown
something of an improvement. The election of a reform
tariff party in Canada has attracted considerable attention.
Speculation in the grain and cotton markets has been quiet
and featureless and changes in values have been unimport
ant. Crop prospects have been reported as generally favor
able.
For lard on the spot there has been a very quiet market,
and as offerings have been fairly free, prices have declined,
closing easy at 4 32I£c. for prime Western, 8'75@3 80c. for
prime City and 4'10c. for refined for the Continent. The local
market for lard futures has been neglected, but nominal quo
tations have steadily declined with the West, where selling
has been general, prompted by continued large receipts of
swine at primary points.
from the South to -n ig h t, is given below. F o r the week ending
th is evening the to ta l receipts have reached 10,825 bales,
against 14,669 bales last week and 13,277 bales the previous
week, m aking the to ta l receipts since the 1st of Sept., 1895,
5,184,984 bales, against 7,838,495 bales for the same period of
1894-5, sh ow ing a decrease since Sept. 1,1895, o f 2,658,511 bales.
Receipts atr—
Mon.
Sal.
36
New O rleans...
F lo rid a .............
S avan nah.........
Brunsw’k, &c.
N orfolk..............
West P oin t.......
N’port N., «fec.
New Y o r k .........
Tues.
46
Wed.
42
1,037
2
1,666
9
190
......
4
......
5
......
504
.........
3
7
1
4
1
.........
........
......
143
9
......
....... .
.........
146
18
........
.........
......
73
2,860
B altim ore.........
Philadelph’ a,&c
174
80
19
T ot’ls tills week
1,590
1,966
3,523
Thur 8 .
Fri.
88
61
1,212
1
668
1
7
.....
56
100
2
.........
......
......
50
87
.........
.........
24
......
26
330
Total.
273
26
7,773
13
309
234
61
2
1,114
234
212
2
12
104
......
193
........
49
58
184
1,366
10,825-
23
193
435
58
296
DAILY CLOSING PRICES OP LARD FUTURES.
Sat.
J u ly ................................. O. 4-40
Mow.
4-35
Tues.
4-35
Wed.
435
Ih u r.
4 25
Fr'.
4*20
1,339
1,041
The fo llo w in g shows the week's to ta l receipts, the to ta l smee
There has been a quiet market for pork and prices have de Sept. 1, 1895, and the stock to n ig h t, compared w ith last year.
clined, closing at $8@$825 for old mess and §8 50@$8 75 for new
Stock.
1895-96.
1894-95.
mess; §9 50@§10 75 for family and $8 5C@$10 25 for short clear.
Receipts to
This Since Sep. This Since Sep.
Cut meats have sold slowly, but prices have held steady, clos
June 26.
1895.
1896.
Week. 1, 1895.
Week. 1, 1894.
ing at 4%@4%c. for pickled bellies, 12@10 lbs, average, 41|'@
4%c. for pickled shoulders and 9J^c. for pickled hams. Beef G a lv eston ...
7,031
273 926,143
244 1,651,817
11,293
has been quiet and unchanged, closing at 86 5)@$7
Tex. C., &c.
73,915
26 112,469
73
for mess, $7 50@88 for packet, $8 50@§!0 for fam
73,380 116,14a
856 2,568,149
ily and $11 50@$14 for extra India mess. Beef hams have New Orleans 7,773 1,744,579
43 238,235
13 195,699
4,078
9,711
been easier at $14 50@§ 15. The demand for tallow has been M ob ile..........
.........
33,753
25,395
.....
less active, and prices have declined, closing dull at 8 5-16@ F lorid a .........
16,662
573 938,121
1,114 750,259
8,817
Z%c. Oleo stearine has weakened slightly, closing quiet at S avan nah.. .
5 152,809
B r’ wick, <fcc
2,200234 116,205
1,457
4 J2 C.
Lard stearine has been dull and unchanged at 5c. for
182 427,338
19,794
212 279,947
11,344
prime City. Cotton-seed oil has been dull but steady, closing C harleston..
77,244
160,783
P. R oyal, <fco
2
at 20@31c.for prime crude and24J^@25c. for primeyellow. But
102 234,401
4,871
4,958
12 170,888
ter has been in mcd rate demand and steady, closing at 1 1 3 ^@ W ilm ington.
767
Wash’n.&c.
928
15J£c. for creamery. Cheese has been dull and weaker, clos
7,341
15,472
96 469,662
184 337,049
ing at 5@7c. for State factory, full cream. Fresh eggs have N o r fo lk ........
50
143,639
53 285,927
276
been quiet and easy, closing at ll)^@12c. for choice Western. West P oin t..
2
25,617
178
42,589
N ’p ’ tN .,& e
193
Coffee of Brazil growth has been in increased supply on the
53,147
137,107 112,804 199,694
spot and pi ices have weakened slightly, but the close was N ew Y o r k ...
9,000
5,000
435 125,483
3,015 163,486
steady at 13c. for Rio No. 7. Mild grades have sold rather B oston..........
43,670
268 113,413
9,737
10,61358
slowly, and with free offerings prices have weakened slightly, B altim ore...
296
535 149,420
10,697
43,426
8,687
closing at 16c. for good Cucuta and 24@24^c. for standard Philadel.,&o.
Java. Th;re has been a quiet market for futures, but during
6,223 7,838,495 262.946 418,163
T o ta ls ....... 10,825 5,184,984
the latter part of the week prices advanced sharply in re
In order th a t comparison m a y be made w ith other years, w e
sponse to stronger foreign advices.
give below the totals at leading ports fo r s ix seasons.
The following were the final asking prices:
June................. 12*10o. I Sept..................10-85o. | D e o ..................... 1 0 ’20e.
Ju ly..................l l '9 0 o . O ct................... 10-45C. Ja n ........................ 10-20o.
A n a .................. 11-250. I N ov...................10-40o. I F ell......................10-20*.
The market for raw sugars was dull and depressed early in
the week, but subsequently there was a recovery and to-day
the market was firmer, closing with buyers at 3 9-16c.for cen
trifugals, 96-deg. test, and 3 l-16c for muscovado, 89-deg. test.
Refined sugars declined, but most of the loss has been recov
ered, and the close was firm at 4%c. for granulated. Teas and
other staple groceries have been steady.
Kentucky tobacco has sold slowly but prices have been un
changed and steady. Sales 175 hhds. Seed leaf tobacco has
been in moderately active demand and steady. Sales for the
week were 2,675cases, as follows: 200 cases 1894 crop, N. Eng.
Havana, 10@16c.; 900 cases 1895 crop, flats, on private terms;
150 cases 1894 crop, New York State Havana, 9@ 12c.; 600
cases 1894 crop, Zimmer’s, 10@123^c.; 200 cases 1894 crop,
Wisconsin Havana, 5@ 5^ c.; 150 cases 1893 crop, Wisconsin
Havana, 7@8c.; 225cases 1892 crop, Wls. Havana, 13>^@14^c.;
150 cases 1893 crop, Pennsylvania Havana, ll^@12J^c. and
100 cases 1894 crop, Pennsylvania Havana, 9@10c.; also 1,400
bales Havana, 70c.@$1 10, and 225 bales Sumatra, 70j .@$2 10
in bond.
There has been very little trading in the market for Straits
tin, and changes in prices have been unimportant; the close
was quiet at 18-50@18-55c. Ingot copper has beenin moderate
request from Ibe home trade, and shippers have continued
buyers; prices have been steady, closing at 1 1 3 ^ @ 1 2 c.. for
Lake. Lead has been steadier on the labor troubles West,
closing at 3 02J^<a3-05c. for domestic. Spelter has been quiet,
closing at 4 05@4 10c. for domestic. Pig iron has been un
changed at $10 75@$13 00 for domestic.
Refined petroleum has declined, closing at 6 90c. inbbls.,
4-40c. in bulk and 7-80c. in cases; crude in bbls. has been nomi
nal; naphtha unchanged at 7J£c. Crude certificates have also
declined, closing at $1 13 bid. Spirits turpentine has been
moderately active and steady, closing at 25^'®36I4 3 . Rosins
have been quiet and unchanged. Wool has been quiet and
without change. Hop9 have sold slowly but prices have
held about steady.
Receipts at—
1896.
1894.
1895.
1893.
1892.
1891.
G alves’n &o,
New Orleans
M o b ile .........
Savan nah ...
Ohas’ ton, &c
Wilm’ton,&c
N o r fo lk .......
W. Point, &o.
All oth ers...
299
7,773
13
1,114
214
12
184
193
1,023
317
856
43
573
182
102
96
231
3,823
1,083
6,370
54
1,737
128
14
214
108
3,093
1,261
7,562
83
2,724
340
38
3,002
315
4,613
1,459
5,629
233
1,102
268
275
832
1,350
5,326
83 6
4,212
315
2,782
618
47
1,194
776
2,643
Tot. this wk.
10,825
6,223
12,806
19,938
16,474
13,423
Since Sept. 1 5184,98417838,495 5883,657 4994,312 7049,323 6861,992
The exports fo r the week ending th is evening reach a to ta l
of 26,313 bales, of w h ic h 8,586 were to G reat B rita in , 500
to France and 17,737 to the rest o f the Continent. B elow are
the exports for the week and since September 1, 1895.
Exports
from—
Galveston......
Tex. City, &c..
New Orleans..
Mobile & Pen.
Savannah ......
Brunswick......
Charleston*...
Wilmington...
Norfolk..........
West Point....
N’p’t News, &c
New York......
Baltimore.....
Philadelp’a.&o
Total...........
Week Ending June 26, 1896. From Sept 1, 1895, to June 26,1896.
Exported to—
Exported to—
Great
Conti Total Great
Conti
Total.
France
France
BrWn.
nent. Week. Britain.
nent.
2,750
7,469
1,353
302
3,82.
1,890
125
500
8,588
500 17,727 26,813 2,183,049 464,449 1,802,785 4,453,883
60 7.521 26,610 8,380.077 770.134 2.401.343 6.617.554
Total, 1894-96. 19.039
* Including Port Royal.
7,825
436,474 95,480 164,634 090,588
39,620 4,599
42,252
83,471
10,219 671,007 305,291 561,691 1,538,588
89,594
29,947 119,541
35,386 26,349 304,308 300,043
1,353
74,340
60,381
23,959
97,875
178,442 276,317
40,053 1,770
90,708 132,531
62,835
36,715
16,120
302
9,930
9,930
14,029
14,029
12, ue 342.218 28,943 270,369 041,520
2,792 258,574
1,890 255,782
8?,979 143,171
903 57,174 2,018
42,805
33,594
9,211
778
THE CHRONICLE
J bxe 27, 1896.]
In addition to above exports, our telegrams to-night also
give U3 the following amounts of cotton on shipboard, n o t
oleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
OX S H IP B O A R D ,
June 26 a t—
Leaving
Stock.
Coast
wise.
Total.
None.
None.
None.
None.
1,900
3,500
1,039 J. 1,478
None. None.
None. None.
None. None.
None. None.
None.
400
475
8,400
None.
1,2 0 0
4,293
96
None.
200
None.
500
None.
None.
18,158
96
None
200
None.
900
10,775
4,700
55,222
11,197
8,817
11,144
4,078
6,441
102,029
29,189
Total 1 8 9 6 ...
6,743
1,514
21,478
5,039
34,829
228,117
Total 1 8 9 5 ...
Total 1894...
14,355
8,759
635
2,636
14,937
19,094
3,933
5,889
33,860
36,428
384,303
302,244
1,348
>’ o a e .
Speculation in cotton for future delivery has been quiet.
Other than by professional operators there has been very
little interest shown in the market and no important changes
have occurred in prices. The existing weather conditions in
Southwestern Texas have been the principal factors, as the
continued reports o f drought from that district are beginning
to cause some apprehension as regards the prospects for the
growing crop. On Tuesday and Wednesday, however, came
reports o f showers in the dry section, and for the two days
there was a net decline of 14 to 20 points. Reports
from the East that mills were to work on re
duced time during July and August and the silver
agitation at the West and South also had a depressing effect
upon values. Yesterday the market weakened a few
points at the opening, in response to easier advices from
Liverpool; subsequently, however, advices from England
reported a good demand from spinners for spot cotton, and
this, with the reports o f insufficient moisture in Texas for
the growing crop, stimulated a demand from “ shorts” to
cover contracts, and the close was very stead}' at an advance
of 1 to 5 points from Wednesday's final prices. To-day the
market opened 8 to 4 points lower under disappointing ad
vices from Liverpool, but immediately strenghtened, as con
tinued reports of drought in Texas stimulated general buy
ing. and the close was steady at a net advance of 3 to 4 points
for the Jay. Cotton on the spot has l>een quiet, and yesterday
prices declined LjC. To-day the market was dull and un
changed; middling uplands quoted at 7^0The total sales for forward delivery for the week are 791,500
bales. For immediate delivery the total sales foot up this week
2,446 bales, including----- for export, 816 for consumption,
— for speculation and 1.600 on contract. The following are
the official quotations for each day of the past week—
June 20 to Jure 26.
Rates on and off middling, as established Nov. 22, 1893,
and revised Dec. 11, 1395. by tne Revision Committee at which
grades other than middling may be delivered on contract:
Fair . . . . . . . . . . .
Middling Fair.
Strict Low Middling.
Strict Good Ordinary
on.
on.
on.
on.
on.
% off.
" i s ofl.
0. 1*4
7e
. . >3
..
...
Good O rdin ary.....___ .0 . 1
08,
Good M iddling T in g e d ...
Even.
Strlot M iddling S ta in ed .. " 32 oil.
M iddling Stained.............. % oil.
Strict how Mid. S tained .. 2532 oil.
Low M iddling S ta in e d .... 1J4 ofl.
On this basis the prices for a few of the grades would be as
follows.
UPLANDS.
S at. n o n T o e s - W e d
Th.
P »I
6»9
7M
7 s"
7 "ie
8H,
6^8
7M
738
63s : 6=8
7>4
7>4
7% 1 7=8
7'3,8 71618
8 >3 1 8 ^
6>3
7%
■7h
6>3
7*8
713
ZLS"
8%
Zi
83s! 19
Hat.
.n o n T u e « W ed
Th.
F r.
Good Ordinary---------- . . . . . . . . .
Low Middling------ ----------------Middling.......................................
67e
7*3
7 7s
Middling Fair.............................
!L19
8%
6*8
7>o
7 78
83.,
8H
STAINED.
S a t.
JI011 T uen W e d T h .
638
7H
7 'W
7»g 1
6^8
7Lt
71332
7=8
Middling.......................................
Good Middling....... - ................
Middling Fair............... ...........
GULF.
Middling___.................................
Strict Middling______ . . . . . . . . .
Good Middltng Tinged..............
K "
67a
7*3
7 78
8>te
8%
6 78
7^8
63a
714
71333
7=8
638
7H
6%
738
73t
8 iiS
8»e
6>4
7>«
7l4 3S 7 ?
63l
738
7\
§ l)9
838
F ri.
6*4
7>a
7»sa
7>3
MARKET AND SALES.
SALKS O F SPOT AN D C O N TRA CT.
SPO T Sf A RK RT
CLO SED .
Ex
port.
Wed’day Dull.................. .
Thor'd’y Dull at ^ dec...
Friday... Dull.....................
T o t a l!.............................
Con- Spec*
sump. ul'l’ n tract. I Total.
V.'..
E| ^
*e i
846
....
Sales of
Futures.
133,900
130.100
107,300
151,400
164.100
104,700
l,60ol 2,446 791.500
....
181
1,600 2 ,1 2 2
... | 82
181
522
82
Monday. 8'teady....... .
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The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
P rices
and
shown by the following comprehensive table.
<1
>;8 Qhjoo!!
«: 2.
Q^Qp® S&g'i
h.m X
o a S » c2 .£ (5 o3.E£ O
lift
. © ® Pi
£ ® ® tS ® © © oo ® © ® P ®
NOT CLEARED FOR—
Other
Great
B ritain. France. Foreign
New Orleans...
Galveston........
Savannah.........
Cliarleston
Mobile..............
Norfolk............
New Y ork.......
Other ports___
T he S ales
1181
11
a
§
bg
ttl
hi
<
99
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to
ftHn’S
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©©o ©
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to
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1s
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2.
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cn
I8
! I
II
II
Inoludes sales tn September, tor September. 15,300; Septem berOctober, tor Ootober, SXd.SOi1; Septecnber-November, for Novencber,
417,200; Septembor-December, f ir December, 1.697,200: Septem ber,
January, for January, 11,143,100; September-Febru iry, for February 627,700; September-Maroh, for Maron, 11,042,900; September-Apnl*
for April, 627,300; September May, for May, 6,151,100.
US'- For exchanges see page 1183.
T he V isible Supply of Cotton to-night, as made up by oable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
an 1 consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (June 26), we add the item of exports from
the United States, including in it the exports of Friday only.
THE CHRONICLE.
1182
[V ol . LX.II,
1896.
1895.
1894.
1893.
Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s . —
Stock at L iv erp o o l....... bales. 888,000 1,581,000 1,429,000 1,416,000 Below are closing quotations of middling cotton at Southern
~.000
8,000
8,000
6.000
Stock at L ondon.......................
and
other principal cotton markets for each day of the week.
Total Great B ritain stock. 896,000 1,589,000 1,437,000 1,422,000
Stock at H a m b u r g . ......... ..
27,000
30,000
28,000
16,000
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Stock at B rem en .....................
192,000
301,000 168,000 151,000
Stock at A m sterdam _______
8,000
16,000
14,000
18,000
June 26. ~ Salur.
Mon.
Tues.
Wednes. TKur8 .
Fri.
Stock at R otterdam ................
200
100
200
200
Stock at A ntw erp..... ............
13,000
14,000
15,000
10,000 G a lv eston . .
64,
7
7
6%
6
7s
6?8
Stook at H avre.......................... 238,000
426,000 408,000 385,000 New Orleans
7
7
e 78
6 78
7,000
5,000
7,000
7,000 M o b ile .........
Stock at M arseilles..................
6*3,g
6*3,8
613,8
6
t3ie
6*3,6
6*3,8
Stock at B arcelona..................
88,000
92,000
79,000 103,000 S avannah...
7
7
7
7
7
7*8
Stook at G enoa.........................
84,000
62,000
16,000
22,000 Charleston..
7 .
7
7
7
7
7
Stock at Trieste........................
33,000
28,000
30.000
26,000 Wilmington.
7*8
7*8
7*8
7*8
7*8
7*8
Total Continental stocks.. 690,200 974,100 760,200 738,200 N o r fo lk .......
7*4
7*4
7*4
73,6
B
o
ston
.........
7*o
7=8
7=8
7=8
7=8
7=8
Total European sto o k s.... 1,586,200 2,563,100 2,197,200 2,160,200
7*2
7=8
7=8
7=8
7=8
7=8
India cotton anoat fo r E urope
111,000 176,000 124,000 108,000 B altim ore. .
73,
7%
7 78
7 78
7^8
7 T8
Am er.cotton afloat fo r Europe
80,000 104,000
89,000 106,000 Philadelphia
738
738
738
738
7%
7%
Egypt,Brazil,<fcc.,aflt.for E’pe
8,000 11,000
26,000
35,000 A ugusta.......
Memphis___
7
7
7
7
7
7
Stock in United States p o r t s .
262,946 418,163 338,672 382,550
7
7
71,8
71,8
Stock in U. S. interior towns..
102,908
67,870
85,585 135,393 8t. L ouis___
7*18
6 78
6*3,8
6 7s
6 78
6 78
United States exports to-day.
8,849
6,721
4,575
2,190 H ou ston ___
e ifis
7%
C incinn ati..
73s
7%
738
738
73S
Total visible supply.......... 2,159,903 3,346,854 2,865,032 2,929,333
L ou isv ille...
7*3
7*8
7*8
7*8
7*8
7*8
Of the above, totals o f Am erican and other descriptions are as follow s:
4 in erican_
The closing quotations to-day (Friday) at other important
L iverpool stock............. bales
734,000 1,455,000 1,203,000 1,170,000
Continental stock s................... 542,000
879,000 605,000 609,000 Southern markets were as follows.
American afloat fo r E u rop e..
80,000 104,000
89,000 106,000 A tla n ta ............
63t I E ufaula.......................... N atch ez............
6**18
United States stock ................. 262,946
418,163 338,672 3*2,550 C h a rlotte.........
7M
73s Little R o o k ....
6*e R a le ig h ............
United States interior stocks102,908
67,870
85,585 135,393 Colum bus, Ga.
6% M ontgom ery...
63s Selma................
6%
United States exports to-day.
8,849
6,721
4,575
2,190 Columbus. Miss
6*2 1N a sh v ille.........
7*8 Shreveport.....................
Total A m erican................. 1,730,703 2,930,754 2,325,832 2,405,133
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
East In d ia n , B razil, cfc.—
L iverpool stock........................ 154,000 126,000
226,000 246,000 Indicates the actual movement each week from the plantations.
L ondon stock.............................
8,000
8,000
8,000
6,000 The figures do not include overland receipts nor Southern
148,200
95,100
155,200 129,200 consumption; they are simply a statement of the weekly
Continental stocks..................
India afloat fo r E urope..........
111,000 176,000
124,000 108,000 movement from the plantations of that part of the crop which
E gypt, Brazil, &c., afloat.......
8,000
11,000
26,000
35,000
finally reaches the market through the outports.
Total East India, & c......... 429,200 416,100 539,200 524,200
Total A m erican ................. 1,730,703 2,930,754 2,325,832 2,405,133
vVeek
R eceipts a t the P orts. St'k a t In terio r Tovms. R ec'pts fr o m P la n t1ns.
Total visible s u p p ly ......... 2,159,903 3,346,854 2,865,032 2,929,333
Ending—
Middling Upland, L iverpool..
32ys2d.
35sd.
3i516d.
4"ied.
1896.
1894.
1896.
1894. 1 1895.
1S96.
1894.
1895.
1895.
Middling Upland, N ew Y ork .
7 ^ c,
7e.
7^ 0.
7?8C.
E gypt Good Brown; Liverpool
6 "iftd.
6 % !.
5d.
5»i6d. M ay 22....... 21,602: 29,065 22,076 134,495 114,859 163,017 9,018 6,602 .........
Peruv.Rough G ood, L iverpool
631(d.
5^i6d.
5^iied.
6*2d.
29....... 12,208 29,020 17,890 123,^63 101,628 147,437
2,310
1,676 15,789
B roach Fine, L iverp ool..........
32332d.
3%d.
4 i 16d.
4?1fd. J u » e 5 ....... 18,697 19.829 14,878 112,131 86,421 137,707 6,865 4,622 5,148
Tinnevelly Good, L iv e rp o o l..
32i3id.
3^1.
3i316d.
4 14d.
The imports into Continental ports the past week have
been 60,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 1,186,951 bales as compared with the same date
of 1895, a falling off of 705,129 bales from the corresponding
date of 1894 and a decrease of 769,430 bales from 1893.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1894-95—is set out in detail below.
5
© S’
**
“
“
12.......
10.......
26.......
18,818 15,527 13,277 99,982
12,069. 15,514 14,669 92,347
12,8061 6,223 10.825 85,585
76,155 120,868
71,898 113,648
67,870 102,908
6,664
4,434
6.044
5,261
11,257
2,195
7,449
85
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1895, are 5,255,192 bales; in
1894-95 were 7,849,030 bales; in 1893-94 were 5,893,076 bales.
2.—That although the receipts at the outports the past week
were 10,825 bales, the actual movement from plantations was
only 85 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 2,193 bales and for 1894 they were
6,044 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1 .—
We give below a statement showing the overland movement
foi ihe 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 o f interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending June 26
and since Sept. 1 in the last two years are as follows.
1895-96.
June 26.
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1894-95.
Week.
Since
Sept. 1.
I—‘ to tfk
03H*ootctc©M toVbiQiVbt©MC*V©©ccIo©©rikcc<j©ca©caco -..Cb
(H-CC*g**lifc‘ »-‘ CSt5WM00©tfi».O5<l©<ItfMX>if»>©.©tGCW©O5Oi©00CO©
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Shipped—
Via St. L ou is.................................
Via C airo........................................
Via Parker C ity............................
2,016
445
397
Via L ouisville...............................
Via C incinnati..............................
Via other routes, & c....................
992
1,553
419
Total gross overland...............
Deduct shipments—
Overland to N. Y ., B oston, & o..
Between in teiior tow ns..............
Inland, <fec., from South..............
Total to be deducted................
In Sigh t and Spinners'
Takings.
cS ST
T otal m a rk eted ...........
[nterior stocks in e x cess.
The above totals show that the interior stocks have decreased
during the week 10,710 bales and are now 35,038 bales more
than at same period last year. The receipts at all the towns
have been 1,601 bales more than same week last year and since
Sept. 1 are 2,010,427 bales less than for same time in 1894-95.
461
287
604
924,572
333,464
35,286
3,817
188,788
177,301
149,440
5,392 1,872,668
789
29
1,044
270,726
3,630
51,625
3,818
342
934
568,426
31,254
75,235
1,862
325,981
5,094
674,915
298 1,137,753
The foregoing shows that the week’s net overland movement
this year has been 3,960 bales, against 298 bales for the
week in 1895, and that for the season to date the aggregate net
overland exhibits a falling off from a year ago of 311,283 bales.
R eceipts at ports to June 26.........
Net overland to June 2 6 ................
Southern consum ption to June 26
* Louisville figures “ net ” in both years.
t This year’s figures estimated.
I Last year’s figures are fo r N ewberry, S. C.
3,353
663
24
5,822 1,152,446
Leaving total net overland*..
3,960 826,465
» tuoiudm g m ovem ent by rail to Canada.
___sF
to &
544,518
241,904
19,809
1,681
136,573
115,565
92,396
Came into sight during week.
T otal in sight June 2 6 ............
North’n spinners tak’gs to J ’ne 26
*Decrease during week.
1895-96.
Week.
Since
Sept. 1.
1894-95.
TFeefc.
Since
Sept. 1.
10,825 5,184,984
3,960 826,465
15,000 801,000
6,223 7,838,495
298 1,137,753
9,000 677,000
29,785 6,812,449
*10,740
70,208
15,521 9,653,248
10,535
*4,028
19,045
11,493
6,882,657
9,653,783
627 1,572,755
3,878 2,028,586
It will be seen by the above that there has come into sight
during the week 19,045 bales, against 11,493 bales for the
same week of 1895, and that the decrease in amount in sight
to-night as compared with last year is 2,771,126 bales.
J une 27, 1896.j
THE CHRONICLE.
1183
W eather R eports by Telegraph .—Advices to us this
evening by telegraph indicate that drought continues over a
large part of Texas and damage to th 9 crop is claimed, es
pecially in the northwestern and southeastern sections of the
State. Lack of moisture is also complained of in portions of
Tennessee. Elsewhere in the South rain has fallen as a rule
during the week. Our reports from Alabama are quite fav
orable.
Galveston, Texas.—The drouth continues and is being gener
ally injurious to farming interests. Early cotton is doing fairly
in face of dry weather, but its growth has been checked and
branching stopped. It continues blooming and fruiting, how
ever, except in a few localities. Late-planted cotton is suf
fering very much, particularly over the western sections of
the State, where some of the crop has not had sufficient
moisture since planted to bring it up, and at some points on
sod land, where the plant is up it is dying for want of rain.
The most damage to the cotton crop by drouth has been over
the northwestern and southeastern portions of the State,where
the deficiency in rainfall has been greatest. Cotton pests are
becoming less numerous Correspondents from Southwest
Texas report that the Mexican weevil has about disappeared.
We have had rain on one day of the week, the rainfall reach
ing one hundredth of an inch. Average thermometer 82,
highest 87 and lowest 77.
Palestine, Texas.—There has been one shower during the
week, the precipitation reaching one hundredth of an inch.
The thermometer has averaged 8 6 , the highest being 93 and
Mobile, Alabama.—Crop reports are magnificent. There
has been rain on six days of the week, the rainfall reaching
three inches and fifty-one hundredths. The thermometer has
averaged 78, the highest being 87 and the lowest 6 8 .
Montgomery, Alabama.—Rains throughout this section con
tinued until yeiterday, but now the weather is dry and hot.
Crop reports have improved somewhat. Rain has fallen on
five days of the week, the rainfall reaching three inches and
fifty-three hundredths. The thermometer has averaged 78
and has ranged from 70 to 87.
Selma, Alabama.—Telegram not received.
Madison, Florida.—Telegram not received.
Columbus, Georgia— There has been rain on one day of the
week, to the extent of thirty-six hundredths of an inch. The
thermometer has averaged 81, the highest being 92 and the
lowest 70.
Savannah, Georgia.—Rain has fallen each day of the past
week, the rainfall being one inch and sixty-eight hundredths.
The thermometer has averaged 81, ranging from 70 to 97.
Augusta, Georgia.—We have had rain on five days of the
week, to the extent of fifty-eight hundredths of an inch. The
thermometer has ranged from 69 to 97. averaging 81.
Charleston, South Carolina.— There has been rain every day
during the week, the rainfall reaching one inch and thirtysix hundredth*. The thermometer ha3 averaged 81, the
highest being 93 and the lowest 70,
Stateburg, South Carolina.—It has rained on four days of
the week, to the extent of one inch and forty-three hun
dredths. The thermometer has ranged from 69 to 93, averag
ing 80'5.
Greenwood, South Carolina.—Telegram not received.
the lowest 74.
Wilson. North Carolina.—Telegram not received.
Huntsville, Texas.—Rain has fallen on one day of the week,
The following statement we have also received by telegraph,
the precipitation reaching fifteen hundredths of an inch. The
showing the height of the rivers at the points named at
thermometer has averaged 85, ranging from 73 to 97.
8 o’clock June 25, 1896, and June 27, 1895.___________________
Dallas, Texas.—We have had dry weather all the week.
June 25, ’96. June 27, ’ 95.
The thermometer has ranged from 69 to 103, averaging 8 6 .
Feet.
Feet.
San Antonio, Texas.—There haa been light rain on one day
9*4
3-6
New O rleans.......
of the past week, to the extent of eight hundredths of an inch. M
6*5
13-8
em phis..............
Average thermometer 83, highest 98 and lowest 72.
30
2*8
Nashville..............
*0*9
11*0
Luting, Texas—We have had but a trace of rain the past S hreveport.......... .........A bove zero of gauge.
10-5
23*7
week. The thermometer has averaged 8 6 , the highest being Vicksburg............ .........A bove zero o f gauge.
* Below zero o f gauge.
98 and the lowest 73.
Columbia, Texas.—There has been light rain on one dav
E x c h a n g e s . —The following exchanges have been made
during the week, the rainfall reaching seven hundredths of during the week:
an inch. The thermometer lias averaged 81, ranging from 69 60 pd. to exo'a. 1.000 Oot for Aug. ■01 pd. to exoh. 2,000 Oot. for Dee.
to 93.
SO pd. to exoh. 200 Jan. fo r Aug.
ing 86.
•02 pd. to exoh. If 0 July for Aug.
Even 200 June for Aug.
•02 pd. to exoh. 300 July for June. •04 pd. to exoh. 100 Deo fo r Jan.
•01 pd. to exoh. 200 July fo r Aug. •56 pd. to exoh. 200 Oot. for July.
I n d ia C o t t o n M o v e m e n t F r o m a l l P o r t s .— The receipt s
•02 pd. to exoh. 1,000 July fo r Aug.
56 pd. to exoh. 100 Oot. for Aug.
Cuero, Texas.—We have had rain on three days of the 03 pd. to exeli. l.OOONov.forDeo. •03
pd. to exoh. 700 July for Aug.
pd. to exch. 1,300 July for Aug.
week, the precipitation reaching ninety-one hundredths of an •03
•01 pd. to exoh. 200 Aug. fo r June.
•35 pd. to exon. 100 Sept, fo r Aug.
inch. The thermometer has ranged from 72 to 100, averag 05 pd. to exoh. 1.000 Oot. for Jau. ■03 pd. to exoh. 800 July fo r June.
Brenham, Texas.—It has rained on one day of the week,
the rainfall being four hundredths of an inch. Average ther
mometer 8 6 . highest 8 8 and lowest 74.
Temple, Texas.—Dry weather has prevailed all the week.
The thermometer has averaged 8 6 , the highest being 99 and
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 21,
BO W B A T R EC EIPTS AND SH IPM EN TS F O R F O U R T E A R S.
the lowest 74.
Fear Great Conti Total. Great
Britain
Brit'n. nent.
I
Receipts.
Shipments 8ince Sept. 1.
Shipments this loeek.
GO**6*03 1
Fort Worth, Texas.—There has been no rain during the
week. The thermometer has averaged 85, ranging from 70
to 1 0 0 .
Weatherford, Texas —W e have had day weather all the
week. The therm imeter ba* ranged from 72 to 100, averag
ing 8 6
Shreveport, Louisiana.—Riin has fallen on three days of
the week, to the extent of one inch and forty-four hundredths.
The thermometer has averaged 82, the highest being 97 and
the lowest 69.
New Orleans. Louisiana.—We have had rain on six days of
the week, the rainfall reaching four inches and forty-six
hundredths. The average thermometer was 79.
Columbus, Mississippi.—Rains have been partial; in some
sections too much, in others none at all. It has rained on two
days of the week, the precipitation reaching eighty-four hun
dredths of an inch. Tne thermometer has averaged 82, rang
ing from 6 6 to 1 0 1 ,
Leland. Mississippi.—Rtinfall for the week sixty hun
dredths of an inch. Crops are grassy. Th* thermometer
has ranged front 63 to 90, averaging 77.
Vicksburg, Mississippi.—The weeks rainfall has been two
inches and sixty hundredths, oo four days. Average ther
mometer 79, highest 92. lowest 67.
Meridian, Mississippi.—It has raioed oq six day3 of the
week. We are having too much raiu and dam ige to crops in
bottom lands is claimed, Tne thermometer his ranged from
60 to 92.
•• -.
Little Bock, Arkansas.—There has been rain on four days
of the week, to the extent of seventy-four hundredths of an
inch. The thermometer has averaged 74, the highest being
80 and the lowest 67,
Helena, Arkansas.—Cotton is blooming at the top. It has
riined lightly on four days o the week, the rainfall being
forty-ooe hundredths of an inen. The thermometer has
averaged 80. ranging from 6 8 to 92.
Memphis. Tennessee.—We had showers on Wednesday and
Thursday, but rains were partial, and more moisture is badly
needed. Crop condition is deteriorating. The rainfall reached
nineteen hundredths of an inch. The tnermometer has ranged
from 70 9 to 9C8, averaging 812.
Nashville, Tennessee —There has been rain during the past
week to the extent of eighteen hundredths of an ioch. Aver
age thermometer 78, highest 91, lowest 65.
7.000 7.000
37.000 37.000
17.000 17.000
7.000 7.000
71.000
26.000
44.000
39.000
Conti
nent.
699.000
465.000
731.000
754.000
Total.
This
Week.
Since
Sept. 1.
770.000
491.000
775.000
793.000
13.000
21.000
24.000
31.000
2.064.000
1.445.000
1.695.000
1.676.000
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
8,000 bales and a decrease in shipments of 30,000 bales, and
the shipments since Sept. 1 show an increase of 279,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of September, for tw o
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Cooonada.
Shipments since Sept. 1.
Shipments f o r the week.
Great
Britain.
Calcutta—
1895-96...
1894-95...
Madras—
1895-96...
1894-95...
A.11 others—
1895-96...
1894-95...
Total a l l 1895-96...
1894-95...
Conti
nent.
Great
Britain.
Continent.
2,000
4,000
11,000
7,000
71,000
27,000
82,000
34,000
1,000
10,000
7,000
9,000
10,000
19.000
17.000
Total.
2,000
4,000
i ’ ob o
Total.
1,000
2,000
1,000
3,000
1,000
19,000
18,000
82,000
75,000
101,000
93,000
1.000
1,000
4,000
5.000
5,000
6,000
40,000
32,000
162,000
112,000
202,000
141,000
The aoove totals for the week show that the movement from
the ports other than Bombay is 1,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1891, and for the corresponding
periods of the two previous years, are as follows.
E X P O R T S TO E U R O P E F RO M A L L IN D IA .
Shipments
to all Europe
from —
All other ports
T otal___ _
1895-96.
1894-95.
1893-94.
Since
Sept. 1.
This
week.
Since
Sept. 1.
This
week.
Since
Sept. X.
7.000
5.000
770.000
202.000
37,000
6,000
491.000
144.000
17,000
7,000
775.000
225.000
12,000
972,000
43,000
635,000
24,000 1,000,000
This
week.
THE CHRONICLE
1184
[V ol,
l x it ;
A l e x a n d r i a R e c e ip t s a n d S h ip m e n t s .— Through arrange" be strl ken out. This section now r e a ls : “ No m ember w ao is inter
as principal or broker.or who has served as oae o f theC.asslfloameats we have made with Messrs. Davies, Benachi & Co., o f ested
tlon Committee on any contract for future delivery o f cotton, shall be
Liverpool and Alexanlria, we now reoeive a weekly cable o f ooinpeteat to act as a member o f the Aopeal Committee on C lassifica
the movements of cotton at Alexandria, Egypt. The followin g tion iu d eoilin g any question of grade, quality or condition o f cotton
under such oontract.”
are the receipts and shipments for the past week and for the arising
Still another proposed am enlm ent p rov iles that warehousem en
corresponding week of the previous two years.
entitled to the 11 oor of the Exohauge, instead o f paying, as at present,
Alexandr ia, Egypt,
June 24.
1895-96.
1894-95.
1893-94.
5.204,000
4,536,000
2,000
4,970,000
R eceipts (oantars*)....
This week..........
Since Sept. 1 ..............
Exports (bales)—
To L iv erp o o l............
To Conti n e n tl.........
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
328,00o|
1*000 317,000
1,000 263.000
1,000 331.000
6,000 305.000
1,000 230.000
1,000 645,000j
Total E u r o p e .......
2,000 599,000
M a n c h e s t e r M a r k e t .— Oar report received by
cable to-night
from Manchester states that the market is quiet for varns
and firm for shirtings. The demand for both India and China
is good. We give the prices for to-day below and leave those
for previous weeks of this and last year for comparison:
1895.
8 ^ lbs. Shirt-lOott'n
8*4 lbs. Shirt Oott'n
32s Oop. ings, common\ Mid. 32s Oop. ings, common Mid.
Twist.
Tioisl.
to finest.
Upldi
to finest.
'TJxilds
Mv 22
“ 29
J ’ne 5
“ 12
“ 19
“ 26
d.
69ie
0"l6
6^8
6H
6*4
6316
d.
a>77i8
'9)7 38
'®738
® 7 :’i
® 7 34
® 7 j8
s.
4
4
4
4
4
4
d. s.
5Lj®6
5 ®6
4^® 6
4 ®6
4 ®6
4 ®6
d.
9
9
9
3^
S1^
8^
8.
d.
d.
d.
4h a 5% ®6716 4
4»32 513l6@ 6 ^2 4
311-16 51316'9>613 4
32S3a
4
3I516 534 -®6 38 4
32 d3 59iq ® 6 14 4
d.
s.
3 a>6
3^® 6
3*3®6
3 ®6
2^3>6
2*2^6
d.
3
4
4
3*2
3
3
d.
32732
3 78
378
31316
31 h e
3°s
S e a I s l a n d C o t t o n M o v e m e n t . —W e have received this
(Friday) evening by telegraph from the various ports tbe
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (June 25) 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 to Tune 26.
1894-95.
Stock
This
Since
This
Since
week. Sept. 1. toeek. Sept. 1. 1896.
S avan n ah .........................
Charleston, & c.................
Florida, & o........................
T otal..... ......................
1895.
6 77,050
57 10,556
4,783
4
64,249
5,322
5,139
2,461
581
415
418
57
63
4
74,710
3,457
475
92,389
The exports for tbe week ending this evening reach a total
of 15 bales, of which 15 bales were to Great Britain, —
to France and — - to R i v a l , and the amount forwarded to
Northern mills has been — bales., Below are the exports
for the week and since September 1 in 1895-98 and 1894-95.
Exports
from —
Week. E nding J'ne 26. Since Sept. 1 ,1 8 9 5 .
North'n Mills
Great F r’nce
Great F r’nce
Total. BriVn.
Total.
BriVn. <£c.
<£c.
Sine.*
Week. Sept. 1
S’vann’h, &o
Oharl’ t’n,&c
Florida, <fco.
New Y ork ..
B o ston ........
B altim ore..
15
T o ta l........
15
......
11,648
2,961
2,376 14,024
64 3,025
15 16,058
7,779
3,717
4,739 2d',847
7,779
13 3,730
15 42,163
7,242 49,405
T he Following are the dross R eceipts of C otton at
New York, Boston, Philadelphia and Baltimore fo r the past
week, and since September 1, 1895.
N *w F o r k .
T h is
w eek.
34,622
1,632
3,603
39,912
N. Orleans...
T e x a s ..........
Savann’h &c
M ob ile........
6,781
929
72
8o. Carolina
No. Carolina
V irginia----North, ports
Tenn., &c...
Foreign.......
2,467
T otal........
Last year....
Sin e t
Sept.l.
PHILADBLPH’A
BOSTON.
R e c e ip ts
7,000 585,000
* A oantar is 98 pounds.
t C f whioh to Atnerloa In 1395-98,55,923 bales; la 1891-95, 42,693
bales; In 1893-94,19,573 bales.
1896.
the same annu .1 dues as are tin posed on the members of the Exohauge,
shall be subject to tho payment of such du-s as ths Board o f Managers
shall in their discretion decide upon.
A m eeting of the members to consider these am endm ents will he
held on Friday, July 3. unless in the meantime t h e E x jh a u g e votes to
observe that day as a holiday.
T h is
w eek.
283,727
204,954
241,113
48
..........
......
........
94,475
192,334
125,048
51,886
6,131
75,362
29,699
49,974
15,812
116,207
S in c e
S e p t. 1.
86
3,568
1,531
59,059
4,545
4,351
43,130
1,000
81,636
132
2/7
40
53,147
7,920
200
1,453
640
108
9,316
954,050
2,449
595,762
495
2,204 1,368,002
3,021
684,988
3,789
27
B a l t im o r e .
Since
T h is
S in c e
T h is
S e p t . 1. w e e k . S e p t . 1. w e e k .
218
48,613
55,594
........
2,749
189,307
172,433
2.489
331,788
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 la te s t m a il r e tu r n s , h a v e r e a c h e d
27,725 b a le s. S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d th e s e
a r e t h 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
t h e C h r o n i c l e la s t F r id a y . W i t 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 t s o f a ll v e sse ls c le a r e d u p t o T h u r s d a y .
Total bales.
N ew Y o r k —To Liverpool, per steamers B ovio, 46 upland and
1 5 Sea Island ............................................................... ................
61
To Hull, per steamer Idaho, 3 , 1 4 4 ............................................
3,144
To Manchester, per steamer Fiax nan, 6 1 6 ............... ...............
616
To H avre, per steamer La Gascogne. 50 ) ........................ .
503
To Bremen, per steamers Braunschweig, 1,0 37___H. H.
Meier, l ,123 . . . Crave, 59 . . . ..................................................
3,279
To Hamburg, per steamer Palatla, 42 2................. ....................
422
To Antwerp, per steamer Friesland, 500 ....... .........................
500
To Christiana, per steamer Thingvalla. 150 .......... ................
150
To Barcelona, per sterm er Pouri ac, 1.5T4....... .....................
1,574
To Genoa, per steamer Kaiser Wilhelm II., 1,324...................
1,324
To Naples, per steamer Kaiser Wilhelm II., o 7 6 .....................
576
N e w O rleans —To Liverpool, per steamers Barbadian, 2,327
— Nicaraguan, 3,149 .............................................................. 5,976
To Bremen, per steamer Ethelaida, 1 ,1 8 6 ............... ............
1,186
To H amburg, per steamer Ethelaida, 1 5 0 .............................
150
To Autwerp. per steamer Cayo Mono. 1 8 6 .............................
186
Galv est on —T o L iverpool, per steamer R ita, 6 ,0 1 9 .............. ......
6,019
Boston —To Liverpool, per steamers Armenian, 3 1 6
Pavonia,
5 1 ___Sagamore, 291.................................................. .............
653
Ba l t im o r e —To Liverpool, per steamer L’em plem ore, 5 0 .........
50
To Bremen, per steamer H ohenstaufen, 1 ,3 0 4 .....................
1,304
To Antwerp, per steamer Cayo B lanco, 5 0 ............ ...................
50
T o t a l............................................... ........ . ........................................ 27,725
The particulars of these shipments, arrauged in our usual
form, are as follows.
New Y ork.
N. Orleans.
Galveston..
Boston. ...
Baltimore..
Hull 11
Liver Man
pool. chester. Havre.
61 3,760
500
5,976 ____
6,019 _____ ,
658
50 ......... .........
T o ta l. . . . 12,761
3,760
500
Bre
men.
3,279
1,186
1,304
5,769
Antw'p <£ Spain
Ham- Christ- and
burg. iana. Italy.
Total.
422
650 3,474 12,116
150
186
7,498
6,019
658
50
1,404
572
886
3.474
27,725
Below we add the clearances this week of vessels carrying
A considerable portion of the Sea Island cotton shipped to cotton from United States ports, bringing our data down to
foreign ports goes via New York, and some small amounts via the latest dates:
a n s —T o L iverp ool—June 2 5 -S team er M exican, 2 ,7 5 0 .
Boston and Baltimore. Instead o f including this cotton for SNaevwa nOnralhe -T
o B arcelona—June 22—Steamer Corona, 753.
the week in which it leaves the Southern outports, we follow
To Gen >a—June 2 2 —Steamer Corona, 600.
the same plan as in our regular table o f including it when No r f o l k — To H am bu rg-Jun e 2 2 —Steamer Velleda, 332.
actually exported from New York, &c. The details of the B iston —To Liverpool—Juue 19—Steamers Catalonia, 646; Roman,
679
Tune 2 2 —Steamer Cambroman, 5 2 9
June 23—Steamer
shipments of Sea Island cotton for the week will be found
Lancastrian, 36.
under the head “ Shipping News,” on a subsequent page.
B a l t im o r e — To L iverpool—June 2 3 —Steamer Vedamore, 125.
To Bremen—June 2 4 —Steamer R oland, 778.
Quotations June 26 at Savannah, for Floridas, common,
lOJ^c.; medium fine, 13c.; choice, 16c.—all nominal.
Cotton freights the past week have been as follows.
Charleston, Carolinas, medium fine, 20c.; fine, 22@23c.;
fully fine, 25c.; extra fine, 26@27c.
Mon.
Tues. Wednes. Thurs.
Fri.
Satur.
Total 1894-5
.........
.........
......... 34,992
5,650 40,642
1 0 34,879
J c t e B u t t s , B a g g i n g , & c . —The market fer bagging has L iverp ool...........d .
been fairly active during the past week ; the close to-night is
Do
. . . . . . . . .d,
at 4;<j'c. for 1% lbs., 5c. for 2 lbs. and 5i^o. for standard grades H avre, a s k e d ....c.
in a jobbing way. Car-load lots of standard brands are quoted D unkirk...............c.
at 4%c. for \% lb3 ., 5c. for 2 lbs. and 5>£o. for 2 lbs., f. o. b. B rem en................ c.
at New York. Jute butts are without special feature oa the
Do
............ _.c.
spot at 1 l-16c.@ l% c. for paper quality and lj^c. for mixing. H a m b u rg ............ c.
N e w A o r k C o t t o n E xch vnqe P r o p o s e d R e d u c t io n o p E x p e n s e s
Of I n sp e c t io n B u r e a u . —T he B oa rd o f M a n a gers o f th e N ew Y o r k
C otton E x ch a n g e re c e n tly su b m itted t o th e E x ch a n g e a n a m e n d
m e n t to the by-la w s p r o v i >ing fo r a re d n e d o n in th e n u m b er o f the
m em b ers o f the C la ssification C om m ittee fro m flve to th ree. The proP psed ch an ge, if en a cted , w o u ld resu lt in a r e d u c tio n o f th e ex p e n se s
or the o o m m ittee
it has also b een r e o o u in s n d e d to the B oard o f
M anagers that an assessm ent be le v ie d u p on the m em b ers o f the E x
ch an ge to m eet th e ex p e n se s o f th e C la ssia oa tion C om m ittee if
n e ce ssa ry, b u t n o a otion w ill b e tak en u n til th e E x o h a n g e has p a ssed
a p o n th e question o f re d u c in g th e size o f th e co m m itte e .
A further amendment to the by-laws in reference to the Classification
com m ittee was recommended by the B oard, providing that Seotion 91
............ c.
Do
A m s’dam, asked.c.
Revai, v. Ham b..c.
D o v. H u U ...d .
Barcelona........... d.
Genoa, J u ly ....... d.
Trieste, J u n e ....d .
A ntw erp..............d.
G hent,v.A ntw ’p.d.
t Cents net per 100
Be4
....
S64
....
5aa
....
564
5S1
56i
.. . .
....
....
251
25t
25t
251
25t
25r
181
is t
18t
181
181
181
22t
....
....
....
....
...
....
22t
....
22t
22t
22i
22t
....
25t
341
3 it
25t
34t
34t
25t
34t
34t
25t
3it
34t
251
34t
34t
....
....
....
25*
341
34r
26t
26t
9«4
332
26t
984
332
hi
964
5.32
SS2
964
632
332
9S4
632
333
hi
....
3 <2
*6
lbs.
....
....
....
....
....
....
THE CHRONICLE.
JV.XE 27, 1896.]
Liverpool .—By cable from Liverpool we liavj the following
statement of the week’s sales, stocks. &c., at that port.
1
|June 1 2 j June 1 9 .
June 5
S a le s o f t h e w e e k ............ b a l e s .
O f w h ic h e x p o r t e r s t o o k . . . .
O f w iiie li s p e c u l a t o r s t o o k , .
S a le s A m e r i c a n . . . . ........................
6 3 .0 0 0 ........8 0 ,0 0 0 !
2 ,0 0 0 :
3 ,0 0 0 :
............
800,
5 9 .0 0 0
7 2 ,0 0 0 ;
1 7 .0 0 0 :
3 .0 0 0
6 5 .0 0 0
7 1 ,0 0 0
1 , 0 2 6 ,0 0 0
9 7 6 ,0 0 0
O f w h ic h A m e r i c a n —E sta m ’ d
8 7 0 ,0 0 0 : 8 2 1 ,0 0 0
T o t a l i m p o r t o f t h e w e e k ........ .
2 8 .0 0 0
2 4 ,0 0 0
2 0 .0 0 0
1 7 ,0 0 0
5 7 ,0 0 0 :
5 6 ,0 0 0
O f w h ic h A m e r i c a n .......... .
3 5 .0 0 0 1
3 5 ,0 0 0
June 2 6
6 1 ,0 0 0 :
i;8 0 0 :
500:
5 7 ,0 0 0 :
3 .0 0 0
6 4 ,0 0 0 .
9 4 7 ,0 0 0 1
7 8 8 ,0 0 0 :
3 5 .0 0 0
2 6 .0 0 0
4 5 ,0 0 0
3 0 ,0 0 0 !
6 0 ,0 0 0
1 ,2 0 0
100
5 6 ,0 0 0
8 .0 0 0
6 0 ,0 0 0
8 3 8 ,0 0 0
7 3 4 ,0 0 0
1 0 ,0 0 0
6 ,0 0 0
5 0 ,0 0 0
3 3 .0 0 0
3*8
32 % 2
1185
day included No. 2 mixed at 35*^c, f, o. b. afloat and No. 2
white to arrive at 36c. deliveredT To-day the market was
dull and fractionally lower in sympathy with the decline in
wheat. Tae spot market was quiet hut steady. The sales in
cluded No. 2 mixed at 35%c. f. o. b. afloat for delivery in
August and No. 2 white at 86*^3. f. o. b. afloat.
D A I L Y CLO SIN G P B IO B S O P N O . 2 M IX E D OOBN.
Sat
Mon.
Tues .
Wed.
Thurs.
F ri.
3 3 s4
34%
35%
35%
33*8
34
35
35%
34
34
34%
35%
33*8
33*8
34%
35%
33%
33%
34%
35
34
34%
35%
38
J u n e d e l i v e r y ...............
J u ly d e l i v e r y .................
S e p t e m b e r d e l i v e r y . ..
O c t o b e r d e l iv e r y ..........
Oats for future delivery have been dull but favorable crop
accounts from the West have prompted free offerings, and
prices have declined. In the spot market shippers have been
The tone of the Liverpool market for spots and futures each fairly large buyers, but as offerings have been quite free, prices
day o f the week ending June 28 and the daily closing prices have weakened. Yesterday the sales included No. 2 mixed at
21t£c. in elevator, 2 2 % c . delivered and 23@23%c. f. o. b.
o f spot cotton, have been as follows.
afloat; also white clipped at 24J^@24J^c. f. o. b. afloat. To-day
the market was dull but steady. The spot market was fairly
Spot.
'•S a t u r d a y Monday. Tuesday. Wed?d-ay, Thursday. Friday
active and unchanged. The sales included No. 2 mixed at
Fair
F a ir
Fair
23@33}^c, f.o.b. afloat and white clipped at 24*^@24%o. f, o.b,
M a rk et, (
Firm er.
business
E a sier. • E asier.
business
business
1 :4 5 p.
afloat.
d o in g .
doin g.
doin g.
D A I L Y CLO SIN G P R IC E S O F N O . Z M IX E D O ATS.
M id . U p IM sS a l e s ............
S pec. & e x p .
3**34
8 ,0 0 0
500
1 0 ,0 0 0
500
3 ' 5 I0
33*38
31*82
1 0 ,0 0 0
soo
1 0 ,0 0 0
500
1 2 ,0 0 0
1 ,0 0 0
1 0 ,0 0 0
500
Futures,
M a rk et,
1 :4 5 v.
M a rk et,
A p. m .
at] Q uiet at S te a d y at
£ ’Steady
2-64 3 jqs; part-util y
a d v a n c e . 1-04 dec. adva nce.
l
5
V ery
Steady.
Q u ie t ai B r 'ly s tfdy S teady at
partially 2 64 a 3-64 1-64 ad
1-64 adv.
de clin e .
vance.
B arely
steady.
Steady.
Steady.
Steady.
Steady.
The prices o f futures at Liverpool for each day are giveD
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
r s r * Thes p rim s are given in pence and 6 llh.
! 0 3 - 6 1 ./.. am i A 0 1 mean* 4 l- 6 4 d f .
N a tu r.
Tim e:
T tie * .
W ed.
T h u r*.
F r l.
d.
1.
3
3
3
3
3
3
3
3
3
3
3
58
57
50
54
48
45
44
44
44
4*
40
3
3
3
3
3
3
3
3
3
3
3
/. ! d.
57! 3 55
5 6 :3 5 4
5 4 rS 5 3
52 3 50
4 8 )3 44
44 3 41
4 2 (3 42
4 2 f3 4 9
4 2 S 41
43 3 42
45 3 43
I
3
3
3
3
3
3
3
3
3
3
3
1
50
5 4
53
51
45
42
41
41
41
42
43
1.
3 543
:< 5 3 3
3 52 3
3 50 3
3 43 3
3 41 3
3 40 3
3 403
3 40 3
3 41 3
3 42 3
d.
53
5 :
51
49
44
41
40
40
40
41
13
i.
1,
d.
i.
i.
Tues.
21%
21*8
21%
21%
20%
21%
3
3
3
3
3
43
40
39
39
39
3 40
3 42
3
3
3
3
3
3
3
40
37
38
36
37
38
39
3
3
3
3
3
3
3
42
39
38
38
38
39
40
3
3
3
3
3
3
3
4 2 )3
40 3
33 3
33 3
38 3
39 3
41 3
43
39
33
39
31)
40
41
Fri.
20*8
20%
20*s
20*8
20%
£0%
21%
FLOU R.
G R A IN .
W h e a tR e d w i n t e r ...............
W h i t e ...................... ..
O a t s —M ix e d , p e r b n .
W h i t e . . . . ...................
S o . 2 m i x e d ........ ..
N o . 2 w h it e ...............
o.
o.
62 O 67
68 % 9 7 0 %
63 ® 71
.... ®
20
®
21 %®
23%
26%
21 % ®
23% ®
24%
C orn , p e r b u sh —
22%
o
c
’West’n m ixed ___. .
N o . 2 m ix e d .............
W e s t e r n y e l lo w .
W e s t e r n W h i t e ___
R yeW e ste rn , p e r b u sh .
S ta te a n d J e r s e y ..
B a r l e y — W e s t e r n .. . .
F e e d in g ........ ..............
32%®
3 3% ®
34
35
38
39
38
34
36
35%
36%
37
40
41
42
30 %
The movement of breadstuffs to market as indicated in th ©
statements below is furnished to us by the Statistician of th©
New York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending June 20, 1896,
and since August 1, for each of the last three vears:
Receipts at~
B h ica g o .. . . .
M ilw au k ee..
D uluth . . . . . .
MinneapolisT o le d o ..........
D e tr o it .........
C le v e la n d ...
St. L o u is .....
P e o r ia ... ..
Kansas City.
B R E A D S T U F F S .
Thiirs .
21%
F i n e ..................... $ b b l . $ 1 6 0 S 2 0 0 P a t e n t , w i n t e r ........ .. $ 3 4 5 ® $ 3 7 5
3 90
S u p e r f in e ......................
1 7 0 0 2 15 C it y m il l s e x t r a s ........
E x tr a , N o . 2 ............
2 2 0 ® 2 4 0 R y e flo u r , s u p e r f in e ., 2 4 5 ® 2 9 0
----E x t r a . N o . 1 .................
2 5 0 ® 2 85 B u c k w h e a t f l o o r . . . . .
C le a r s ..............»............... 2 5 5 ® 3 2 5 C o m m e a l—
W e s t e r n , &a_____ _
2 00® 2 10
S t r a i g h t s ____ . . . . . . . . 3 2 5 ® 3 5 0
B r a n d y w i n e .............
2 15
P a te n t, s p r i n g ............ 3 4 0 ® 3 8 5
[ W h e a t f lo u r i n s a c k s s e l ls a t p r i c e s b e l o w t h o s e f o r b a r r e l s . 1
3 5 3 3 5 0 3 51 3 5 3 3 S 3
3 5 2 3 4 9 3 5 0 3 51 3 5 2
3 51 3 4B 3 4 9 3 5 0 3 5 1
3 4 « 3 45 3 4 7 3 48 3 43
Wed.
Mon.
21*8
The folio wing are the closing quotations
Bed winter No. 2 ..
1 2 15> 4 2 15 4 2 15 4
2 15 4
2 15 4
P. 34. P. M P M.I* M. P M. p M. P M. P M. P M. P.M , P M. P M.
3 58
J u n e ..
J i m e - J u l y . . 13 57
J u ly -A n g
!3 5 6
A u g .- S e p t . *. ‘ 3 53
S e p t . - O c t .. . 3 4 7
O c t .-N o v . .. 3 4 4
Nov.-Dec.... 3 4 3
D e c .- J a n * -. \% 43
J& n -. F e b . . . 3 4 3
Fe1>-M arch. 3 44
M e h .-A p r il., 3 4 6
A p r il-M a y
c.
A u g u st d e liv e r y ..
.0,
S e p t e m b e r d e l i v e r y ___ o.
0.
S p r in g , p e r b u s h . .
i
H on.
June 20 to
1 2%
June 2 0 .
3 0 3 m eans
Sat
July d e liv e r y .,...
Flour.
Wheat.
Corn.
Oata.
Barley.
Ryu
Buih.32 lbs Buth.4t8lbs Bu.60 lbs
S5U.19616* Bu«h.80 ibi Bui 5.50
171,381
17,901
1,858,832
70,800
1,421,198
47.065
33,800.
152,000
420.000
105,300
120,000
52,650
20,168
301,386
137,G31
6,771
1.488.023
132,045
317,200
17,110
847,900
1,004
2,200
25,000
32,700
712
19,879
2,100
17,40 *
4,550
3,940
35,706
7,759
39,725
1,010
2,800’
750
234,990
175,255
83,494
21.995
2.400
5,80)
475,900
232,000
12,000
5,250
09,310
•>•••■•
F r id a y , June 26, 1896.
For wheat flour there has teen a very tame market, as
neither the home trade nor shippers have shown a disposition
to operate, and excluiiveof a few sm ill peddling sales business
has been flit; prices have been easy and for winter wheat
.. ...
grades have declined; spring grades outside of the combina T o t.w k .’90.
00,069
3,008,153
1,999.055
409,062
2,803,004
200,941
34,309
2,050,923
73,031
840,550
1,038,270
180,150
tion have also weakened. City mills have been quiet but 8atae wk,’95.
01,950
33,000
1,909,185
1,413,953
1,202,349
207,943
e wk,’94.
steady. The demand for rye flour has been quiet but prices Sam
Since A uq. 1.
have been without change and steady. Corn meal has sold
9.863,344 190,741,063 109,907,449 137,057,460 38,363,350 3,838,385
1895-00 . . . .
1894-95 . . . . 11,134,020 139,475,803 75,474.383 90,131,537 31,118,293 2,563,483
slowly but no changes have been made in quotations. To-day
1893-94 . . . . 12,587.032 144,224,058 142.734,879 112,117,808 28,308,938 3,328,637
the market for wheat flour was quiet and easy.
The receipts of flour and grain at the seaboard ports for the
There has been very little animation to the speculative
week ended June 20, 1896, follow;
dealings in the market for wheat, futures. Early in the week
Rye,
Barley.
Oats,
Oorvt
Wheat*
bush ,
bush.
bU3h.
bush.
Receipt? at—
prices declined under a disappointing decrease in the visible New
39,725
107,300
321,075 1,611.400
. 83,319 1,008,375
York........ .
191,425
332.533
128.679
, 34,058
supply, large world’s shipments and a free movement of the
000*
57,274
154,830
'507,6 )3
, 48,939
crop ia the Northwest; later improved on unfavorable crop M ontreal.
800
32). 14 3
119.371
144,458
, 47,194
1,917
350,151
136,450
107,117
, 57,048
accounts from winter-wheat districts, Subsequently, how
7,500
24,344
10,618
1,525
R
ichm
ond
.......
ever, there was a further decline under liquidating sales by New O rleans
43.890
108,003
103,831
8,640
“ longs,” prompted by tame foreign advices, accompanied
41.343
108,700
, 231,873 2,O03,8U 1.396,831 2,417,011
T o ta l w eek.
with selling orders. In the spot market shippers have shown
1,777
738,130 1,603,889
231,257
, 300,938
slightly increased interest, but at lower prices. The business
transacted yesterday included No. 1 New York Northern at to June 20 compare as follows for four years:
64i^c. f, o. b. afloat “and No. 1 hard spring at 66jgc. f. o, b.
1893.
1894.
1895.
Receipts of—
1898.
8,533,315
9,079,723
7,583,471
afloat. To-day the market was moderately active, but prices Flour. . . . . . . ...b b la . 6,3 8,ol8
further declined under liquidating sales by tired “ longs,” W h e a t .. . . . . . ..b u s h . 20,503,859
13,012,015
31,877.759
14,842,018
23,919,343
31,024,809
17.718,001
prompted by easier foreign advices and more favorable crop C o r n ..................... “ 38,575,347
21.074,036
10,900.573
18,191,452
Oats
.
.
.
.
.
.
.
.
.
.
“
27,00L,325
accounts from the West. The spot market was moderately 8 i r l e y . . . . . . . . . . M 4O<0.19L
2,014,086
1,775,639
1,503,334
089.048
181,733
114,558
active. The sales included No. 1 Northern at 63% c. f. o. b. R 76„ , ................ ** 1.025,928
afloat. No, 2 red winter was quoted at 70J^c. f. o. b, afloat.
80,174,272
03,403,581
52,436,53
T
o ta l grain
Auw»
Kintu -•
•• •• 91,802,850
---- *----J
. . .
DAILY CLOSING PRICES OP HO. 2 RED W INTER W H EAT.
The exports from the several seaboard ports for the week
}Ved. Thurs. Fri. ending June 20, 1898, are shown in the annexed statement:
Sat.
Mon. fu e l.
62%
61%
63
62*8
3 n n e d e l i v e r y ..................... c ,
J u l y d e l iv e r y .......... ........... c .
A u g u s t d e l i v e r y .......... . . c .
S e p t e m b e r d e l i v e r y ........ o.
63 *8
03*8
04%
62%
02*9
03%
03%
63
63%
63%
65%
62%
63%
63%
65%
62%
62%
02%
61%
61%
62
62%
04%
Exports from -
New York — . . .
B oston .. . . . ...
85%
December delivery.....c. 06%
Galveston.........
Speculation in Indian corn futures has been quiet and Philadelphia
B a ltim ore..., ...
price* have weakened, particularly for the distant deliveries New Orleans ...
orfolk . . . . . .
under generally favorable prospects for the growing crop N
N ew port News .
and a fairly liberal movement of the old crop. There M on treal............
has been slightly more activity to the trading in the spot T otal w eek .
market and prices have held about steady. The sales yester-
Wheat,
bush.
.. 607,164
Oats.
bush.
Oom,
bush.
Flour
bbU.
350,445
39,900
51,814
12,105
800,453
50,055
270,720
293.005
226,033
138,160
23.571
05,779
3,020
50,000
309,000
585
23,000
17,945
'75,623
413,211
iok’ oo*
.,1,730.331
1,433,273
895,589
198,240 1,345,721
3,512
185,83)
Rye,
hush.
28,995
Peas,
bush.
1,053
35,384
29,995
33,437
30,479'
THE CHRONICLE
1186
IV ol. L X ll,
The destination of these exports for the week and since
September 1, 1895, is as below. W e add the totals for the
corresponding periods of last year for comparison:
C o t t o n G o o d s . —Tbe demand for bleached cottons at the
reduced prices made last week has been the feature in staple
oottons. A number of large buyers have operated freely, the
----------- Oorn.---------- - general demand has been fair, and sales large enough to work
Wneat.------------- Flour.--------- »
Week
8in.cs
Sept.
Week
Since
Seot.
Week Since Sept.
Bxvorti for
a decided change in the condition of stocks at first band. At
1. 1895.
J u n e 20
J u n e 20
L 1895.
stesk and since June 20. 1, 1895.
bush.
bush.
bush.
bush.
b b ls.
the close there isafi-m er tone in the better grades of bleached
Sept. 1 to—
bbls.
742,270 41.268,288
doited Klugdom 102,936 6,379,223 1,391,165 27.378,447
cottons with probability of some advances being recorded
5 0 0 ,4 0 9
33.5L0.13L
310.085 8,983,585
967,854
Continent...........
35,627
001,93)
2,400
20,706
2 4,055
shortly. Brown sheetings and drills have not sold freely.
B. & C. America.. 34,145 1,149,385
13,467
008,231
3,530
936,975
West Indies.......
13.311
370.591 Sailers are holding fo previous prices and have turned down
3.600
28 1.477
Brit. N. A. Col’s.
3.595
145,412 2,005,035 a number of bids which have corns forward beliw their
32,131 1,025,714
110,791
Other countries..
6,726
T o t a l................. 198,210 9,880,705 1,730,331 37,418.552 1,432 273 78,360.2)0 limits. Export business is still cramp id by the well sold
Total 1894-95....... 183.830 10,023.648
053,141 88.937,103 395,530 22.770.905 condition of the
leading tickets.
Coarse colored cot
Low bids for fair quantities
The visible supply of grain, comprising the stocks in tons continue inactive.
granary at the principal points of accumalation at lake and of denims have been reported, but sellers are not inclined to
give way. Wide sheetings, cotton flannels apd blankets dull
seaboard ports, June 20, 1896, was as follows:
and unchanged. Kid-finished cambrics inactive and irregu
Barley
Rue,
oats
Corn,
Wheat,
bush.
bush.
bush.
b u sh .
bush.
In store at—
lar. White goods and quilts dull. Dark fancy prints have
3.000
52,000
1,815.000
015.000
New York...................
been in fair demand for new season. In light work sales have
40.000
101,000
33.000
16,000
Do
afloat..........
50,000
10.000
A lb a n y........................
been small. Indigo bines and shirtings in better demand. A
237,666
131.000
705.000
195.000
small demand is reported in dark dre3 s style ginghams for
Do
afloat........
l6,66’6 fall but tbe new season’s supply of these is small also.
299*666
1,072.000
5,5 L9,000
...13.753,000
Chicago .
a floa t........
Do
Staples
steady with moderate sales. Print cloths have ruled
2*0*06*6
385,666
8 i,’6 j 6‘
" 2,060
Milwaukee.................
afloa t........
Do
very firm; extras 2 7-16c. Manufacturers have refused bids
117,66*
311,665
254,666
”
9
,006
8,042,000
Dulath ..
for noth regular and odd goo Is on that basis in view of im
a floa t......
Do
8*1,666
22,6*66
*41,000
T oled o...
pending curtailment of production.
Do
afloat..........
D etroit..
afloat........
Do
Oswego..
St. Louis
Do
afloat........ .
Cincinnati...................
B o sto n ........................
Toronto.......................
Montreal.............. ...
Philadelphia..............
Peoria.........................
81,000
5,00o
789,000
153.000
458,000
264,000
13,000
‘ V2V0OO
"*9*,665
7.000
151.000
70.000
51.00J
1,000
*14,0*66
"l.OOO
2.000
159.000
44.000
204.000
73.000
87.000
321.000
143.000
225.000
Kansas City................ 992,000
Baltimore...... ............ 290,000
Minneapolis................10,730,000
On Mississippi River. 113.000
On Lakes................... 1,036,000
On oanal and riv e r... 552,000
30.000
580.000
45.000
96.000
1.239.000
141.000
304.000
373.000
45.000
1.447.000
588.000
Total June 20,1890.48,819,000
Total June 13,1896.49,430,000
Total June 22,1895.40.225,000
Total June 23,1894.55,853,000
T Jtal June 24.L393.63,082.000
9.370.000
y,400,000
H.499,000
7.181.000
7.325.000
8.398.000
8.430.000
7.970.000
2.356,090
3.114.00"
Indianapolis........ ...
THE
11,000
DRY
2.000
11.000
100.000
2tk6‘66
GOODS
2,660
'06*000
" 1.660
*21*0 *6 )
49.000
"6,056
1896.
Stock o f P rin t OlotKt—
June 20.
At P rovidence, 61 squares. 310,000
At Pall River, 61 squ ares..1,010,000
At Fall R iver, odd sizes___ 616,000
1895.
June 22.
179,000
50,000
88,000
T otal stootc ( p le o e s )....1,936.000
317,000
1891.
1893.
June 23. June 24.
239, J00 110,000
535,000 f or, OOO
190.000S du,uuu
1,011,000
140,000
W o o l e n G o o d s .— The
’ *2.665
" 5.666
23.000
85.000
205.000
09.000
90*o6V
58.000
057.000
878.000
130.000
79.00 j
415.000
1.521.000
1.590.0 >9
137.000
246.000
39 7,000
TRADE.
display of new light-weight fabrics
for men’s wear has been added to this weeK. but few repre
sentative lines outside of the lo we3 t grades o f woolens have
been shown yet, ageuts generally being indisposed to put
out their new samples until after the Fourth of July holi lay.
Buyers so far have taken but indifferent interest in next sea
son’s business and the situatioi is still of an indefinite char
acter. In heavy-weight woolens of the fancy order there has
been a better re-or ier business with medium and low grade
goods still preferred. Worsteds of all kinds continue inactive
but are not quotably changed in price. Satinets are slow
sellers, and there is but a light business in doeskin jeans.
Cloakings are in fair request for plain goods but overcoatings
very dull. Flannels sell iu small quantities at firm prices;
blankets inactive and unchanged.
F o r e ig n D r y G o o d s .—Business in foreign merchandise
for seasonable use has been small and irregularly distributed
over “ cut” price lots which are being cleaned up. The demand
for fall goods has been quiet, but in some quarters is reported
improving for dress goods and silks.
New Y o r k , F r i d a y , P. M., June 26, 1896.
The market this week has hardly coma up to the expecta
tions based at the close of last week upon the better gaaertl
tone which followed the St. Louis Convention proceedings.
In one direction a large business has been done, in bleached
cottons, but otherwise the demand has shown no miterial im
I m p o r t a t i o n s a n d Y Y a r e lio u s e W l t U d r a w a l s o f D r y G o o d s .
provement, and in bleached oottons the sales have been secured
The importations and warehouse withdrawals of dry goods
by putting prices down, as noted in last report, to as low a
at this port for the week ending June 25, 1896, and since
level as ever recorded. Jobbers have been mostly occupied January 1, 1896, and for the corresponding periods of last
with cleaning-up sales and with stock-taking operations and vear are as follow s:
to this may be ascribed, in part at least, the
E9
a
B
PH
absence of a general buying movement at first
3£§f!g
'to
'to
S» S S - g a
g
2 ,S ." 5 § .
hand3 .
A large number of jobbers and converters
T*o
r-1■ - S 2 -S
p
;
©
g i s ' B'
• ct
have intimated their
intention
to
take a
more
:
p :•
©• ©
»a
! P
©: © •
©':
practical interest in the cotton goods situation as soon as the
p :
p:
s:
g|
s
at ,
0 *1
p:
half-year is ended. This intention may, however, be quick
•p .
•a h
ened by the adoption of a shut-down policy within the next
M
few days by a large number of New England manufacturers’
d ©—
© OM— M
© to
to —to©
SI
—CO
■d ©I b © ©
H O b b — CO©5
reports to day, showing that the Fall River, Providence and
© b CO— b
© — CDH Mi—GO ► © ©CObbUt
COCD m
o
©^
co b u tb
d -•
© d to GOODCOCO© a -4 © GOGO© ©
a number of other New England mills have practically come
&
—
M 1—
i
to
to
©1CO
©t M to *Jt— b
©I b
to an understanding to curtail production during the next two
to to —t o d ©
<1 tout
tOb CO050 d ©
b
COto to 05 CO
00 b CO COOtOM©
bd
months. Ih the aggregate there are large stocks of cotton
© b b © 00
<1© ©t dCDOUt
-1 ©5 ©l —O O o
H
—
C
O
—
00
*0
to © © © tO b
t
o
o
-qb*-*0OCD
fabrics in first hands, but not elsewhere, and with such a cur
CD© M d-.CB
d CO —COO©1
<1 <1© b -0 ©» to to
A
H
tailment of output as indicated, the market might quickly
a ©1 W
©i
© ©t
73
M tO 0 00 CDb CO©t ©
CO QC©t
M—
CD©t
work into good shape. The woolen goods departments continu e
00
©
©
1
—
U
t
CD —'J
— to OOC31 —to
a — tout b © 0 0
b CM © u tb toto
CO
©i — to ©C5b ©
CDCO GO05CDbt CD
quiet in both men’s-wenr fabrics and dress goods/
<D © CO© b CO
COto b tO— b CD
CO CDb ©l © to COX
©
tO 05O 05 O
to © © —CDCO— ©
> © CDCO00 © b
D o m e s t ic C o t t o n G o o d s —The exports of cotton goods
t*
■
5
0
M ——
©1 —
©t
-4 ©1M
from this port for the week ending June 22 were 5,096
M tOtO*4
<D
© ©1 —d
COb
CDtO
— COto Vt
23 W © OOtOM iO
© ttod d b
COCD © co b d to
packages, valued at $239,908, their destination being to the
© ©Ot©
CDd
W (JU CO© o ©1CO'-0
GO© o ©i b ©t CO
points specified in the tables below:
to © to © ©
O ©1 to —to © to
a
OI© — © CDto CO
to
1 89 6 .
1 89 5 .
Week. Since Jan. 1.
Week. Since Jan. 1 .
J d n b 2 2.
G reat B rita in ______ _________
O ther E u ro p e a n .......................
C hina ..................................... ..
I n d i a ............................................
A ra bia .................................... ..
A t r io a ..........................................
W est I n d ie s ............................ ...
M e x ic o .....................................
Central A m e r ic a ......................
South A m e r io a ........................
O tner C o u n trie s ......................
25
16
696
1,801
505
211
143
103
1 ,594
2
2 ,1 3 0
1,801
56,1 26
3,007
10,366
8 ,7 8 4
6,063
1 ,5 2 7
4 ,3 9 3
2 2 ,9 8 9
1,951
11
13
15
102
106
349
84
182
2 ,8 6 8
87
T o t a l.....................................
C hina, v ia V a n c o u v e r * ,...
5 ,0 9 6
1,227
1 1 8 ,13 7
15,5 50
3 ,8 7 1
2 ,0 0 0
9 5 ,8 3 3
1 1 ,7 0 0
T o t a l........... .........................
6,323
1 3 3 ,9S7
5 ,8 7 1
1 07 ,53 3
2 ,8 0 2
1 .3 8 9
22,9 89
13,2 22
3 ,8 2 7
8 ,7 0 5
1,572
5 ,7 3 0
2 9 ,2 8 7
2 ,9 5 2
The value of the New York exports for the year to date has
been $5,310,831 in 1893 against $4,240,720 in 1835.
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si
THE CHRONICLE.
June 27, 1896.]
S t^te
w b
C ity D m r n v m n ,
TERMS
OF
SUBS CRI P T I ON .
T he I nvestors’ Supplement will be furnished
without extra charge to every annual subscriber of the
Commercial and F in an cial Chronicle .
T he State and City Supplement will also be fur
nished without extra charge to every subscriber of the
C hronicle .
T he Street Railw ay S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle .
T he Quotation S upplement, issued monthly, will
a ls o be furnished without extra charge to every sub
scriber of the C hronicle .
TERMS for the Chronicle with the four Supple
m e n ts above named are Ten
ollars within the United
S ta te s and Twelve Dollars ia Europe, which in both
ca se s includes postage.
Terms of Advertising— Per incli space.]
O n e t im e ...................
S3 50 I Tnr Months ( 1 3 times)..$25 00
One Month
(4 times).. 1 1 0 0 Six onths
(26 times).. 43 00
Two Months
(8 times).. 18 00 I Twelve Months (52 times).. 58 00
(The shove terms for one month and upward are for standing oards.
1187
Blue Hill and other avenues, loan $1,000,000, payable July
1, 1936, with interest payable semi-annually in January and
July, at the office of City Treasurer, Boston. The certificates
will bear date of July 1, 1896.
School house loan of $500,000, payable July 1, 1926, with
interest payable semi-annually in January and July, at the
office of the City Treasurer, Boston. The certificates will
bear date of July 1, 1896.
Various municipal purposes, order of July 9, 1895, $300,000,
payable July 1, 1916, with interest payable semi-annually in
January and July, at the office of the City Treasurer, Boston.
Tbe certificates will bear date of July 1, 1896.
Interest for less than one month will be calculated on the
basis of 365 days to a year. The certificates will be reaady
for delivery, and money received for the same July 1, 1896.
These loans will be secured by sinking funds providing for
the payment of the same at maturity.
Buffalo, N. Y.—Bond Offering.—Proposals will be received
until July 1 at 12 o’clock noon by City Comptroller Erastus C.
Knight for $183,000 of registered refunding bonds. The secur
ities will be dated July 1, 1896, interest at the rate of 3% per
cent will be payable January 1 and July 1 at the office of the
City Comptroller or at the Gallatin National Bank of New
York, and the principal will mature July 1, 1916. The bonds
will be ready for delivery on July 6 th.
The bonded debt of Buffalo ou the first day of January,
1896, less bonds held by the city in sinking funds, was $11,972,849 62. The assessed valuation of the taxable real estate
of the city, by the rolls of the year 1896, is $225,485,795.
Cambridge, Moss.—Bond Offering. —Proposals will be re
ceived until noon June 30, 1896, by Wm. W. Dallinger, City
Treasurer, for the purchase of S200,000 of 4 per cent registered
water bonds and $70,000 of 4 per cent registered
building bonds. Both loans will be dated July 1, 1896, inter
est will be payable semi-annually and the principal will ma
ture July 1, 1916.
Canton, Ohio.—Bond Sale.—Oa Jane 22, 1896, this city
sold $13,400 of 5 per cent street-improvement bonds dated
June 15, 1896, and maturing part yearly in from one to six
years, for $13,450, and $7,000 of 5 per cent refunding sewer
bonds dated July 1, 1893, and maturing J u ly l, 1911, for
$7,140. Both loans were awarded to the Fourth National
Bank of Columbus, Ohio. Six bids were received for each
of the loans as follows:
T h e purpose o f this State a n d City D ep a rtm en t
is to famish our subscribers with a weekly addition to and
continuation of the 8 t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and c Directions we shall publish, and the municipal laws we
Bhall analyse in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence every Subscriber will at all times possess a
BIDS FOR REFUNDING SEWER BONDS.
complete and fresh cyclopedia of information respecting
Fourth National Bank, Columbus, Ohio, par, accrued in
Municipal Debts.
terest and premium of $140 on five per cent bonds.
Dietz, Denison & Prior, Cleveland, Ohio, par, accrued in
terest and premium of $125 75 on five per cent bonds.
STATE AND CITY INDEX.
W . J. Hayes & Sons, Cleveland, Ohio, par, accrued inter
In this number of the C hronicle we publish au est and premium of $105 on five per cent bonds.
Seasongood
& Mayer, Cincinnati, Ohio, par, accrued inter
index to all news items printed in this Department
est and premium of $ 1 0 0 on five per cent bonds.
since the issuance of our last State and City Supple
Farson, Leach & Co., Chicago, 111., par, accrued interest
ment, April 11, 1896.
In all cases when the item in and premium of $ 1 on five per cent bonds.
S. A. Kean, Chicago, 111., par on four and one-half per cent
cludes later figures of debt, assessed valuation, &c., bonds.
BIDS FOR STREET IMPROVEMENT BONDS.
full-face types are used for the reference. Items pub
Fourth National Bank, Columbus, Ohio, par, accrued inter
lished in to-day’s Chronicle are not included in-the est and premium of $50 on 5 per cent bonds.
W. J. Hayes & Sons, Cleveland, Ohio, par, accrued interest
index. This index will be published the last Saturday
and premium of $25 on 5 per cent bonds.
of each month.
Seasongood & Mayer, Cincinnati, Ohio, par, accrued inter
B o n d P rop osal* and N e g o tia tio n s.—W e have re
ceived through the week the following notices of bondsreoently negotiated and bonds offered and to be offered for
■ale.
Arlington. Mass.—Bond Sale. —Oa June 19, 1896, the town
of Arlington sold $-70,000 of 4 per cent coupon sewerage bonds
to E. II. Day & Co. at 107'91 and accrued interest. The se
curities are dated June i, 1896, interest is payable semi
annually on June 1 and December 1 at the Faneuil Hall
National Bank. Boston, and the principal will mature .June 1,
1936. Twelve bids were received for the loan as follows :
H. W. Bhgelow, of Boston ...................
A. L. 8w*et*er A • o . of Boston........
K. II. iny A Co.. o f Boston..............
Diets, Denison A Prior, of Boston...
Blodj?et, Meriltt A Co., of Boston...
r. R Roll it, A Sons,
Boston.........
Jo**, Paiker A Co . ot Bonton............
Florae* 8 Homer A Co., o f Boston...
Ft. L Day A Co., of Boston ..
.......
K*ta»>rook A Co., of Boston.................
Blake Bros A Co , of Boston,............
N. W. Harris A Co., of Boston............
me.
....1 0 .-71
___106-795
. .
and Int.
do
do
do
....107-41
do
....1 0 7 -1 6
do
. . . 107 2525
do
....107-379do
....1 0 7-55 9
do
....107-41
do
....104-125
do
do
Boston, Mass.—Bidii Received.—It is reported that the
bids received on June 26, 1896, for tbe purchase of $2,500,000
of l per cent 20, 30 and 40-year city of Boston bonds ranged
frr tn 105 to 107 78 for $700,000 of highway bonds, from 106 92
to 114 83 for $1,000,000 of Blue Hill and other avenue bonds,
from 107'2l to 112-33 for $500,000 of school-house bonds and
from 105-661 to 109-53 for $300,000 of municipal bonds. No
awards have as yet been made.
A description of the securities offered is given below.
Highway loan. $700,000. payable July 1, 1918, with interest
payable semi-annually in January and July, at the office of
the City Treasurer, Boston. Tbe certificates will bear date of
July 1, 1896,
est and premium of $20 on 5 per cent bonds.
Dietz, Denison & Prior, Cleveland, Ohio, par, accrued inter
est and premium of $5 on 5 per cent bonds.
S. A. Kean, Chicago, Illinois, par and accrued interest on
4}4 per cent bonds.
Farson, Leach & Co., Chicago. Illinois, $70 less than par.
Interest is payable at the office of Messrs. Kountze Bros.,
New York City, that on the street improvement bonds on
June 1 and December 1 and that on the sewer bonds on Jan.
1 and July 1.
Uascade County School District No. 1, Mont.—Bond
Offering.—Proposals will be received until 8 o’clock p . m .,
June 30, 1896, by A. E. Canfield, District Clerk, for the pur
chase of $19,000 of 6 per cent coupon school bonds. The secu
rities will be dated July 1, 1896, interest will be payable semi
annually at the County Treasurer’s office, and the principal
will mature July 1, 1916,
A statement of the financial condition of this district, in
cluding the above-mentioned loan, is given below :
Os, sem l-an..$1 9,00 0..July 1,1918
LOANS—
When Due.
S c h o o l B o n d s , 1 8 8 8 ,'9 1 /9 5 ,’9 0 — Bonded debt July 1, ’90..$179,000
3,
820,000...... July 1, 1908 Sinking fund June 1 /9 6 .. 30,538
(is, ......... 5 0 ,0 0 0 .....M ay 1, 1911 Tax valuation, 1895...... 8,855,256
6s........... 90,000....... Mar. 1, 1915 T ax rate (per $1,000)............ $6.25
S C H O O L P R O P E R T Y —The district owns property valued on
June 1, 1896, at $172,677.
Cleveland, Ohio—Bond Offering.—Proposals will be re
ceived until 12 o’clock noon, July 8 , 1896, by H. L. Rossiter,
City Auditor, for the purchase of $250,000 of 4 per cent cou
pon park bonds. The securities will be dated July 1, 1896,
interest will be payable semi-annually, and the principal will
mature April 1, 1927, both principal and interest to be payable
at the American Exchange National Bank, New York.
Proposals will also be received until 12 o’clock (noon), July
20. 1890, by H. L. Rossiter, City Auditor, for the purchase of
$276,000 of 4 per cent funded debt coupon bonds. The securi
ties will be dated August 1, 1896, interest will be payable
1168
THE CHRONICLE.
semi-annually from October 1,1896, and the principal will
mature October 1, 1916,
Principal and interest of both loans will be payable at the
American Exchange National Bank of New York City.
The city’s total debt on June 1, 1896, including bonds sold
but not yet paid for, was §9,734,118 32 ; water debt included.
$1,796,094 ; sinking funds, §2,174,509 6 6 . The assessed valua
tion in 1895 was §134,562,905 ; real valuation, §500,000,000. The
population, according to local figures, is 360,000.
Evanston, Wyo.—Bond Election.— A vote will be taken
July 1, 1896, on issuing §6,000 of bonds to extend the water
wciks. The details of the loan have not yet been decided
upon, but the bonds will probably bear interest at the rate of
6 per cent, payable annually, and run 30 years’ with an option
of call after 1 0 years.
llniullton Connty, Ohio.—Bond Sale.—On June 13, 1896,
this county sold §25,000 of Newtown bridge bonds to the Atlas
National Bank for §25,910. Six bids in all were received for
the loan as follow s:
Atlas National Bank offered §25,910; S. Kuhn & Sons
offered §25,751 42; Western German Bank offered $25,627 ;
German National Bank olfered par and a premium of 2% per
cent; Seasongood & Mayer offered par accrued interest and a
premium of $626 50; Rudolph Kleybolte & Co. offered par,
interest and a premium equal to §103 50.
Leominster, Mass.—Bored Sale—This city has sold §49,000
of 4 per cent thirty-year water-bonds, dated October 1. 1895,
to Messrs. Estabrook & Co. at 106-65 and accrued interest.
Seven bids in all were received for the loan as follows:
BUI.
Estabrook & Co., o f B o sto n .................................................................. 106 65
K. L. Day A Co., o f Boston................................................... ..................106-32
E. H. Gay & Co., o f Boston....................................................................106-29
E. II. RolliDS A Sons, o f B oston............................................................106 07
Blodget, Merritt A Co., o f B oston.....................................................-.1 0 5 65
Blake Bros. & Co., ot B o s t o n ...............................................................105-07
E. C. Stanwood & Co., o f B oston..........................................................105-00
Lowell, Mass.—Bond Offering.—Proposals will be received
until 3 o’clock p. H. June 30, 1896, by Charles F. Coburn, City
Treasurer, for the purchase of §100,000 of 4 per cent registered
school building bonds. The securities will be dated July 1,
1896, interest will be payable semi-annually, and the principal
will mature July 1, 1926. These bonds are part of an author
ized issue of § 2 0 0 , 0 0 0 and payment of same is secured by
sinking fund.
Miami Township, Clermont County, Ohio.—Bids Re
jected.—A. B. Applegate, Clerk, reports to the Chronicle in
reference to §6,860 of 5 per cent township bonds olfered for
sale June 16, 1896, that the loan was not disposed of, all bids
having been rejected. Six proposals in all were received, the
highest offering a premium of §190. Seven of the bonds are
for §200 each, eight for §250 each, six for §800 each, four for
§350 each and one for §260, the first one being payable Sept.
1, 1896, and one every six months thereafter. Interest will be
payable semi-annually, both principal and interest to be paid
at the Milford National Bank, Milford, Ohio.
Minneapolis. Minn.—Bond Offering.—Proposals will be
received until 2 o’clock p. m. July 1, 1896, by Chas. F. Haney,
City Clerk, for the purchase of §100,000 of 4 per cent bonds
The securities will be dated July 1, 1S96, interest will be pay
able semi-annually, and the principal will mature July 1,
1926. both principal and interest to be payable at the city’s
fiscal agency, New York.
Mitchell, S. D.—Bond Offering.—Proposals will be re
ceived until July 6 , 1896, for the purchase of §76,000 bonds to
be issued for the purpose of refunding the entire outstanding
indebtedness of the citv at a lower rate of interest. A state
ment regarding the finances of Mitchell is given below.
Mitchell is in Davison County.
LOAN S—
When Due. I Total debt June, 1 8 9 6 ... $76,000
| Water debt (included). ...
65,000
|T ax valuation, re a l......... 554.655
Sc h o o l B o n d s —
| T ax valuation, personal. 200.181
7s, MAN, $6,000.............................. T ax valuation, railroads
23,126
W ater B o n o s —
j Total valuation 1 8 9 5 .. .. 7 7 7 ,9 6 2
7s, MAS, $15,000---- Sept. 1 ,1 9 0 4 B eal v aluation..................2,500,000
Subject to call at any tune.
) Total tax (per $ 1 ;0 0 0 ).........$49 50
7 b, F&A. $50,000.......Aug. 1 ,1 9 0 6 I P opu latlonin 1895 w as.........2,579
Subject to call after Aug. 1 ,1 8 9 6 Population in 1890 w a s........2,217
Interest payable at City Treasury. 1P opulation in 1896 (est.). ...3 ,5 1 6
F o r d in g B onos —
7e, J&J, $5,000.............
Mount Yernon, N. Y.—Bond Sale.—On June 18, 1896, the
city of Mount Vernon sold §65,000 of 4 per cent school bonds
to Messrs. Rudolph Kleybolte & Co. of Cincinnati for a
premium of §4,600 and accrued interest. Sixteen bids in all
were received. The securities will be dated July 1, 1896, in
terest will be payable semi-annually, and the principal will
mature at the rate of $5,000 yearly from July 1,1918, to July
1,1930. Both principal and interest will be payable at the
office of the City Treasurer.
Natick, Mass.—Bond Offering.—Proposals will be received
until noon June 29, 1896, bv Edwin Clark, Town Treas
urer. for the purchase of §25,000 of 4 per cent sewerage
bonds. The securities will be dated July 1, 1896, interest will
be payable semi-annually in January and July, and the prin
cipal will mature July 1 , 1926.
Newton, Mass.—Bond Offering.—Proposals will be received
until noon to-day by Seth A. Ranlette, Citv Treasurer, for
the purchase of §100,000 of boulevard bonds, due July 1 , 1916:
also for §70,000 of sewer bonds due July 1, 1926; also for
§70,000 of water bonds due July 1, 1926, and $60,000 of Wash
ington Street widening bonds, due July 1, 1936, all to bear
interest at the rate of 4 per cent. The securities are to be
[> OL, LX11,
coupon bonds or registered certificates, with interest payable
mi annually on January and July 1 at the National Revere
Bank, Boston, or at the office of the City Treasurer. They
will be ready for delivery on or about July 6 , 1896.
s
Ohio.—Bids Rejected.—It is reported that all bids received
on June 20. 1896, for the purchase of §250,000 of 3 percent
S ate bonds were rejected. Interest on the loan will be paya’ le semi-annually on January 1 and July 1, and the principal
will mature July 1, 1961, Principal and interest will be pay
able at the American Exchange National Bank, New York.
Parkersburg, W. Va.—Bids Received.—Below is a list of
bids received for §25,000 of 5 per cent park bonds of this
municipality.
Premium.
E. C- Stanwood & Co., B oston ........................................................... $67.
W. J. Hayes A Sons, Cleveland........................................................430'
Farson, Leach & Co., C hicago............................................................... 31 50
Mason. Lewis & Co.. Chicago................................................................ 102-70
C. H. White A Co.. New Y ork ................................................................ 101-50
E. H. C ay & Co., B oston.........................................................................157.
Kudolph Kleybolte A Co , Cincinnati.......................... .....................267-50
Seasongood A Mayer, Cincinnati......................................................... 75E. D. Shepard & Co., New Y o rk ........................................................... 136Leland, Towle & Co.. B o s t o n ...................... .. .................................. 412-50
Messrs Spitzer & Co. of Toledo bid par for the whole issue,
and C. H. Shatluck of Parkersburg bid par for $L5,000 of the
loan.
(J'lincy, Mass—Bond Sale. —On June 10, 1896, the city of
Quincy sold §75,000of 4 per cent school-house bonds to Henry
W . Bigelow at 101-888 and accrued interest. The loan will
mature at the rate of $7,500 yearly from July 1, 1906,
Thirteen bids wire received for the loan as follows:
Bid.
N. W. Harris & C o............................................................ ................101-03
Blake Bros. A C o................................................................................. 101-14
Blodget, Merritt A C o...................................................... . . . ............ 101-278
Estabrook & C o....................................................................................101-319
E. H. Rollins & Sons...........................................................................101-39
R. L. P a v & C o ................................................................................... 101-429
Farson, Leaeb & C o., New Y ork ......................................................191-53
H orace 8. Hom er & C o.......................................
........................101-538
Jose, Parker & Co
............................................................... .........101-5408
Henry W. B ig e lo w ..........................
101*888
9. A. 'Keao, Chicago............................................................................ 101George A. F ern a ld & C o........................................... ...................... 101-53
J. W. LoDgstreet & Co.................................................................... 101-37
Rye Onion Free School district No. 3, N. Y.—Bond
Sale.—On June 15th the following bids were received for
§6 , 0 0 0 of school district bonds:
Edward o, Jones Co.............................................. 5 p. c. int.SlOO1*
Walter Stanton A Co............... .............................4 * 2 p. o. int.® par.
Street. Wykes A Co................................................ 4^ p. o. iut.® par.
Bertron & storrs................................................... 4 p. o. int.aiooH
Geo. M. Hahn....................................................... 4Us p. o. Int.-aiOO1®
The securities will be dated July 1, 1895, interest will be
payable semi-annually, and the priocipal will mature at the
the rate of §1,000 yearly from July 1, 1897, to July 1, 1902, in
clusive.
St. Louis, Mo.—Bond Call.—Notice is given that on Janu
ary 2, 1897, renewal bonds of this city to the amount of §90,0 0 0 will be redeemed and that interest oa the same will cease
on that date. The securities were issued July 2, 1888. They
bear interest at the rate of 4 per cent and mature July 2,
1903, with option of call after 1893. The called bonds are
numbered from 9,793 to 9,882, both inclusive.
The official advertisement o f this bond call will be found
elsewhere in this Department.
San Francisco, Cal.—News Item.—A. C. Widder, City and
County Treasurer, will receive proposals until noon June 80,
1896, for the surrender of Dupont Street bonds of the city and
county of San Francisco. The amount to be applied to the
redemption of these bonds is about §375,000 Bidders will
stare at wbat rate they will surrender their bonds for pay
ment less coupons due, and no proposals above par will be
considered.
Springfield, Mass.—Note Sale.—The Chapin National Bank
has discounted city notes of Springfield, Mass., to the amount
of §240,000 at 3-55. The loan is made in anticipation of taxes
for the present year. It is dated June 20, 1896, and will be
come due November 6 , 1898, without grace.
Stafford Connty, Ya.—Bond Sale.—On June 16, 1896, this
county sold §25,000 of 5 per cent coupon refunding bonds.
The securities are dated January 1, 1896, and will mature
January 1, 1916.
Temple, Tex.—Bond Offering.—Proposals will be received
until noon July 1. 1896,'oy f . L. Hollingsworth, Treasurer,
for the purchase of $5,000 of 6 per cent school bonds. The
securities will be dated June 20, 1896. interest will be payable
at the Fourth National Bank, New York, and the principal
will mature in 40 years with an option of call after 10 years,
both principal and interest to be payable in gold.
Waseca county, Minn.—Bond Sale.—On June 18, 1896,
this county sold §40,000 of 5 per cent court-hous-' bonds to
the Farmers’ & Mechanics’ Savings Bank, of Minneapolis,
for $41,785. Interest is payable semi-annually on January 1
and July l,and the principal will mature at the rate of $10,000
yearly from July 1, 1901, to July 1. 1904, both principal and
interest to be payable in Waseca, Minn. Ocher bids were re
ceived for the loan as follows :
THE CHRONICLE.
J u.VE 27, ld96,]
_
_
A mount bid.
be p a y a b l e semi-annually on March 1 and Sept. 1, and the
principal will mature at the rate of $10,000 semi-annually
from March 1, 1901, to Sept..t, 1902, both principal and inter
est to be payable at the County Treasurer’s office,
W m ,:... ....
n .......................... .....................$ 4 1 , 7 7 6 i O
£ . H . G a y i C u - ' k ie 1 * 0 . I ...................................................................... 4 ,1 ,2 2 7 0 0
F tiu rcL
i sco la s , 0 . . . ......... ................................... 4 1 , '. 0 0 0 0
1 - ; ■ '
io.isil. 0 ........................................................ 4 0 ,7 0 1 0 0
M a s o n . L e w is &- C o ., C h ic a g o . H I . . . .................................................... 1 0 ,6 7 2 0 0
K u;
i
i l i u a ....... .................................................. 4 0 , 4 1 1 3 1
F i r s t N a t io n a l B a n lc. O w a t o a n a , 3 D iu i............................................ 4 0 ,2 7 4 0 0
S . A . Ki-Hii, • U ii'a eo, [II
....................................................................... 4 0 ,2 0 0 0 0
- . P a u l l l i n n .................................................... 4 0 ,0 4 0 0 0
Youngstown, Ohio.—Bored Offering .—Proposals will be
until 2 o’clock P , M . , July 20, 1896, by P. C. Brown,
City Clerk, for the purchase of $5,000 of 5 per cent sidewalk
bonds. Interest will be payable semi-annually, and the
principal will mature at the rate of $1,000 yearly from
October 1,1897, to October 1, 1901, both principal and interest
to be payable at the office of the City Treasurer.
r e c e iv e d
Boot! County, t liiri.— B ond Offering .—Proposals will be
ivtd until neon July 3, 1896, by G. W . Gagban. County
Auditor, for the purchase of $10,000 of 6 per cent courthouse
bonds. The securities will be dated July 1, 1896, interest will
tea
mttx
TO STATE
lu th e f o l l o w i n g i w l e x reference is made by the p a g e
p u b li s h e d in the* C h r o n i c l e s in c e the issuance o f t h e la s t
n o t e d in t h e in d e x . F u ll - f a c e t y p e s r e f e r t o la t e s t r e p o r t s
C i t y D e p a r t m e n t o! t h e C h r o n i c l e o n t h e l a s t S a t u r d a y
A lbany. N. Y.......
AND
CITY
D E fA I W E flT ,
number t o e v e r y it e m r e g a r d i n g S t a t e , c it y , t o w n o r c o u n t y f in a n c e s w h i c h h a s b e e n
S t a t e and O r r r S u p p l e m e n t , A p r i l 1 1 , 1 8 9 6 . I t e m s i n t h e c u r r e n t n u m b e r a r e no
o f to ta l d e b t, a s s e s s e d v a lu a tio n , & e.
o f ea ch m on th
....I O N S
B elton. T e x . . . . . . . . . . .
teOO ) Canyon Co.. I d a .......
.1 0 0 3
B erkley. V a ------- ------------ 1000 Cape Charles, V a ___
.
69S
B exar C ou n ty, T e x . . . . . .
8*9 Cape Giradeau, M o......... 7 53
Blair, W f e .,..
.............. ■ 059 Cape M ay, N J — . . . . . . .
698
B lanches ter. O hio. .878,
9-59 Carbon Co., W y o .,.......... 8
B o o n e Co., i a ___. . . . ____
«97 Carbondale, P a .......... .
ilOrt
B oston. M a u ..697, 7 5%:, H 5
1‘ardtrwton, O hio.............. 1053
B ou rb on Co.. K a n .. . . . . . 1 **57 j Carlisle, P a .........................1 0 * 6
Braddoch, Pa......................... 1108 Carroil Co.. M o . . . ............
7*0
B rock toil. M a s s .,,..,878, 1151 ! Cass Co., M o . . . S 8 l . 918, 1000
Brookline* M a o .............. 1 0 5 5 > Catskfll. X . V ............8i*l,
1-59
B ro o k lyn , N. V........ .750,
839 Cecil Co., M d ....................
918
B rook lyn T w p.3ch.D isL ,
|Cedar Rapids, I o w a . . . . .
91 s
Cuyahoga Co., O h io. . . .
839 1 Chester. S. C ....... ............
87k
B row n Co, . T e x .. .......... . 7 -5 * i Chiemo, ill ....9 5 9 , *ooo, i 053
Brunswick. M e ....... 878.
959 ! Chicopee.M ass.918. 1000, 1053
B run sw ick, M d.......... 859, 1»53 j Cincinnati. <4.638,793,878,
959
Buffalo Center, I o w a ,. . .
918 i Clark Co.. l a d . . . . . . . . . . . lo o o
Buffalo. S .Y ................
839 : Clay Co., i a . . . . . ............
7 -)0
C layion , X. Y .......... .........
P60
Burlington. Io w a — 793.
SI Z.
959 Cleburne, T e x ---------. 1100
839 Cleveland, O ...098. 7 3 0 ,
"D s lt iia o r s , H it ... -.750,
70S Burlington. V t . .........793,
JD&l 11ra<ire Go.. Mft,. . . . .
0JJ7 Butte City. M ont............... 1 0 5 7
810,918, 1000
mrmtrnme. G*.
- ... i f t » Bu tts C o , G a . .................. 759 f Cleveland S ch ool D is
Bam *. V t .. . ........... 870,
018
trict, u ................ 6118, 1000
75C i OHnto o. M ass.............
‘ 50
Barton H d ite ts . Va
i.ooo C lara bridge.
Bel fast, Me- ,
. . . . . . 7**5 ' am den. >\ J . 79a, 8.1 \ Ul>* I O ohocton . N. V .................
750
Steb&ra#, o . . . . . . ___.....
W f Canton, O h io.. . . . . . . . 793, ltlO O < Cold Spring. N. Y ....9 1 8 , 960
id e a . Io w a .... ...............
91 s
A lexan dria. Va..
750
A UeetaftOT. P « . loaa, 11f « , U 3 i i
A m liter. P a .................750,
S3»
A n a con d a , Mo a t . . . . . . . . .
950
A n aheim , C a l......
UOfi
Arizona.-.-------------. . . —
IOO<
Arfcan sa a ----------- .....
018
A r lin g to n . M
...........
* MJ«$
A sh ta bu la. O h io.
. . . . IT *;
A tch taon . K a n . . . . . . . .......
75**
A th en s. G a
. 850,
0M9
A t la n t ic H igh lan d *. S« w
Jtsney............ «®T* #78, 050
A u gu sta. ti&........
..
839
A u gu»ta. K t .......... .
6 7
A u g u s ta G raded Frm
S ch ool
K y ___1 1 5 '•
A m i t e C o.. T m . . ..
.
lio e
NEW
N E W LOANS.
1189
T h is i n d e x w il l b e p u b li s h e d i n t h e S t a t e a n d
Cole Co.. M o . . . ......... 698, 7 9 3
C ollege Point, N. Y..793,
918, lio fi
Colum bia Sch, D is., M o. lo o o
Colum bus, Ga. .....7 5 0 , H 06
Colum bus, O .. . . . 750, 793, 1 000
C on shohocken, P a ..........
960
Cum berland, M d . . . . .......
960
Cuyahoga Co., O . . . . .810,
919
110
E lkton, M d .......................
El R eno. O k l a .......... . . . . 1 0 5 7
Elyria. O .............................
698
Brie, Pa.
...............
1001
Escanaba, M ic h ................ 1001
E ssex Co., N. J . .. 1 1 0 6 , 1151
E ufaula, A la .....................
810
Eugene, O re............. ,698, 810
E v an ston , W y o .878, 960, 1053
TAayfcon, O hio..........793, 1000
JL /eaf Sm ith Co., T ex.,
878, 1000
D eer L o d g e Co., M o n t ..,
698
Delta. I o w a ........................
919
D enton, M d.................
1053
D enver, C ol.............
793
I>es M oines, I o w a .., — .
919
D etroit, M ich ... 7 0 0 ,1 0 0 0 ,1 0 5 3
D ickey Co., N. D. .......... 10-57
D ickinson Go., K an......... 8 S 1
D olgeville, N. V — . . . . .
810
DougJasville. G a — . . . . 1001
Dubuque. Iow a ................ ,1 1 0 6
D uluth, M in n .........S 4 0 ,1151
all R iver, Mass— 698,
7 » 3 ,810,
878
Flushing, M ic h .. . . . . . . . . .
810
Flushing, N. Y ...................
750
F o rt G ibson, M iss............
750
F o x b o ro , M a s s .......8 7 8 ,
919
Fran klin Co., O hio.
793
F rem ont Co., C o l . . . . . . . . . S 8 2
O a s t Pittsburg. P a .......
H iast P ittsbu rg ,S.D.,Pa.
ST* L o t ' ts, Jtm e mm, IS©#. j
To whom it may content:
N otice l# Uymbv g iv e n that th e bonds o f the City
o f i t , Iam U, is * «e d waiter a u th o rity o f ordinance
No, m jm , n u m bered fro m ninety s e v e n hun dred
a n d filnety-ifaree tbfOSi t*> n in ety-eigh t hun dred and
etjEhty-two
iw&th itieiuMve, w ill he redeem ed
On th e •oeond day o f J a n u a ry , eigh teen hundred and
s t a s i y * e r « i , p o n a i& t t o th e terra* o f said ordi
nance No* i S 485, and th e terras #at| re*-«e4 in- said
bond s, an d 1hat -aid bon d s will cease to bear interest
cm said se c o n d day o f Jan uary. 1897. Said bonds are
d a te d J u ly 4 4 , 1*83, are- poyahte Ju ly 2d, 1903. and
a r e red eem able at t he op tion o f th e C ity o f S i. Louis
a t a n y tim e a lt e r tea yeans f r o ® th e ir date.
Each o f said h ood s , w h en p resented for rederapZi€M«must k&At* the th irteen unearned soml-onnml
totm m i coa p on s, n um bered from tw en ty-eigh t to
forty. Inclu sive, attached.
T h e*# bond* areeaJSattIs fo r th e p u rpose o f perm# went reilrem en t.
....
C. P. W A t,Bit!IK K,
: L . S. :
M ayor.
f.»
•t
1» aac H. B r n m m s .
Com ptroller.
( 3 affney City. S. C ......... 1001
* T a llin Co., O h io ............
960
G alva, Io w a ....................
1001
G alveston Co.. T e x ......... 9 6 ‘A
G aylord, M ic h .........960, 1053
G eorgia........
.698, 793, 1001
G ering Irrigation D is
trict., N e b ............ .
758
G loucester, M ass.............
870
N E W LOANS.
LOANS.
GOLD
Notice of Redemption.
If a rop.*8 orru •r. \
750
1106
F
M UNICIPAL
BONDS
FOR INVESTMENT.
P A R T IC U L A R S
UPON
A P P L IC A T IO N .
M EM B ERS OF T H E N E W Y O R K A N D BOSTON
BO N D S .
We ovni and offer the following
bonds, naiahle principal and interest
in GOLD.
( ity of Pawtucket, It. 1 ..........................5s
City of Holyoke, Mass........................... 4s
Town of Newport, V t............................. 4s
Town of Mention, V t............................... 4s
Old Colony liE .........................................4s
City of Los Angeles, Cal......... 4% s & 5s
City of Fresno, Cal............................... 5s
County of Pierce, Wash...................... .6s
County of Bannock, Idaho.................. 6s
City of Dalles. Ore................................. 6s
City of Great Falls, Mont...................6s
STOC K E X C H A N G E S.
D E A L E R S IN C O M M E R C IA L P A P E R ,
Send fo r fu ll d escrip tion and prices; also ou r Jun e
list o f high-grade bonds.
E. H. ROLLINS & SONS,
5 3 S T A T E S T ., B O STO N , M A S S .
Blake Brothers & C o.,
A ttest;
H j , WmocK,
R e n te r.
C l d a i g o . t i l . , I i n p r o v H i i e n i . ............
. . . . . . .6 *
8 h e r i - a a , T e x a s , F u n d i n g . . ...............— -Os
B u r l i n g t o n . Y V is .. S c h o o l . . . .
.5 «
W a t s e k f t . I l l * # B e h o o f ........ .5 s
M B w a t i n r , I o w a , I m p r o v e m e n t . . ........... . . . 6 «
S h u l l a b u r g # W la * # W i t t e r ................... .— 5 s
B o o d a , I o w a , W a t e r ....................................... . . . . 6 *
A lta . I o w a , W a t e r ..... .........................
,6*»
S t a t e o f S o u t h D a k o t a H e v e n u e ................ . . . 6 s
POKW ALE BY
M A S O N , LEWIS Sc C O . ,
8A SK E R8,
m m & te HU*
B 6 4 T II
171 L a S a l l e Bt.*
f t H I £1 %fJO
W . N. Coler & Co.,
28
STATE
5
NASSAU
MUNICIPAL BONDS.
REET,
S T .,
BOSTON .
NEW
YORK
BOND S.
E. C. STANWOOD & CO.,
8
2
0
0
, 0
0
BAN K ERS,
0
CITY OF KIN&STON, N, Y.
W a t e r £J£s9
P r i n c ip a l a n d I n t e r e s t p a y a b le in G o ld
C o i n in N e w Y o r k , m a t u r i n g J u l y , 1 9 2 7 , t o
J u ly , 1 9 3 6 .
B on d s r e a d y f o r d e liv e r y a ft e r J u ly 1 ,
1S96.
F u r t h e r p a r t ic u la r s a n d p r ic e u p o n a p p li
c a t io n .
2
L e a c h
W ALL
&
C o .,
STREET.
B enwell & E verett,
S ch erm erliorn B u ild in g ,
6 W A L L ST ,
M U N IC IP A L ISSU ES IN T H E S T A T E S OF
34 NASSAU STREET.
MUNICIPAL
N E W G O L D LOAN.
P a r s o n ,
BINKEKS,
S
N E W Y O R K & N E W JE R SE Y
A S P E C IA L T Y
121 Devonshire Street,
BOSTON.
1B 8T S SEN T CPON APBJLIC A TIO N
MORTGAGE LOANS
TEXAS.
IN
I n te r e s t 7 P e r Gent Net.
NO
COMMISSIONS ch arged b orrow er o r lender
until loans h a ve p roven good.
FRAM CIS S M IT H & CO,
SAN A N T O N IO , T E X A S
THE CHRONICLE.
1190
IN D E X
TO
STATE
AN D
C IT Y
|Vou, LXII,
D E P A R T M E N T -C O N C LU D E D .
879
794 P o o o m o k e City, M d .841,
Grand Ledge. Mlcta .098, 8 1 0 L aredo, T e x ..................... 9 6 3 M oberly. M o .......................
900 M onroe, M ich ....................
099 Ponch artrain Lev. Dist.,
Grand Rapids, Mich.750,
87S L atrobe, Pa ............ 794,
750 • N. <)., L a ..........................
761
Grant Co , N.»M ............. 1100 Laurens. S. C ..................... 1107 M on roeville, O . ................
P o rt G ibson, M iss............
841
811 M on tgom ery no., K a n ... 9 6 3
Grant Co.. S. D................
*93 Lead. So. Dak .................
M organ Co., M o .............. 8 8 2
P ortlan d, M e.............. 96a, 1001
Groat Falls,Mont, 1 0 0 1 .1 0 5 3 Leom inster. M as?....750,
960
099 P ortland, M ic h ..................
794, 1151 M t. A iry. N. C ...................
Great Falls School Dist.
P rin ceton . M o ................. 7 9 4
............
1053 Mt. A iry V illa ge S ch ool
No. L M ont................... 1 0 0 2 L e R oy, M inn
D istrict, O hio
.........
879 P ro v id e n ce . It. 1.880.921,
Greolev Co., N eb.............
703 L ester Prairie. M inn....... K‘53
M t. G ilead. O. 841,919,
900 ;
9 6 0 , 1002
750 L ew lsburg, W e s t V ir
Greensboro. N. C.............
gin ia ...................................
099 M t. V ernon . N. Y . .. .960, 1108 j
Greouwood, 8. C...... 098,
793
Lew is Co.. W a s h ..............
agerstown. M d.........
H amilton
Co., O ..098,
S 82
*79
794
841
794
Los A n geles. C a l.............. 7 5 3
870
L ow ell. M ass............... —
Lu cas Co.. O h io ................
879
098 L e x in g to n , M ass.......811.
......... 750,
1053 L incoln. Cal
1000 ! L ittle Falls, N . v ............
919 Livingston, M o n t ............
Hardin Co., O
......
Harrietstowu. N. Y........
HniTietstown Sell. Dis
trict No. 1, N. V .......... 1151
Harrisburg, Pa...... .........
811
Hartington School Dis
trict No. 8. Neb .79-1.
878
Hastings. Neb ................
811
Healdsburg. Cal ...........
841
Highland Park, Mich.,
1053, 1106
Hillsboro Co.. N. H. .7114, 919
Lynchburg, Va............... 1 0 0 4
Lyn n, M ass................. 750,
879
V T c ln t y r e , la ...................
750
I’ lc K e e s p o r t , P a . . .841,
879
M abel. M in n ....841, 8T9,
900
M acon. Ga ..................794,
879
M adison. n. J . ...................
750
H u b . - k e n , N . .1..........................
099
919
Hokah, Minn.............841, 1100 M alianoy City, P a ...........
Hollidaysburg, Pa......... .
099 M alden. M a ss............811, 1053
Houston. T e x ................. 1106 Malta B en d S ch o o l D is
Hudson. N. Y ................. 1053
trict, M o ............
1001
750
Hudson Co., N. J .............
699 M alvern, Pa
Humboldt Co., N ev ..
7 9 7 M anchester, N. I I — 699,
879, 1151
Hutto, Tex.
.. 1001
H utto School Dist., T ex. 1 1 Ofi M ankato. M i n n . ..............
750
..750,
9H0
H yde Park, Mass...........
879 M ansfield. O .
M aricopa Co., A r iz .......... 8 8 2
750
ndianapolis. Ind.......... 1151 M arine City, M ich---------tasca Co., Minn .......... 1053 M arlborough, M ass......... 1107
M aryland............ 099, 794,
amestown, N. D......... 1 0 0 3
1 1 0 7 , 1151
919
efterson Co., Mo..........
794 M assachusetts....... .........
M ed ford , O re.........................7 0 6
ansas City, M o...794, 1151 M elrose, Mass 8 7 0 . 919,
ensington, Md...........
750
1 0 0 1 , 1054
M em phis, T e n n ..............
900
Kir'S Co. School District
No. 2S, W ash................ 1001 M enard Co., Ill.................. 1054
M eridian, M is s .7 0 4 ,919, 1001
King Co. School District
No. 50, W ash.........
1001 M e se rve y Io w a ................
919
Kingston. N. Y........ 10n i,t i ()ii M ethuen, M ass................. 7 9 5
Kittson Co.. Mint-:___794, 11<>7 M exia City. T e x ................ 8 7 S
794
K nox Co., T en n ............ . 1053 M iam i Co., O .............. 750,
i M iam i Tw p., Clerm ont
afayette. I n d ............. 1053 I Co.. O hio ....................... 10-4
960
ake Co.. Cal................. 7 9 7 ; M iller’ s Falls, M ass..750,
Lake Co., Ohio................. 1107 ! M illville, P a .......................
750
Lake Co., Ore................... 9 6 2 ; Milwaukee,Wis.kOO,1901,
1 l"7, 1151
Lancaster, O.............
750
Lausdowne, P a ........960, 1 151 M ississippi---------- ..8 7 9 ,1 1 0 7
879
Lansing, Mich. ....1001, 1151 ! M issoula Co., M o n t ..750,
Lansingburg, N. Y .........
841 M is s o u r i............................. 8 3 9
I
J
K
L
N EW LOANS.
M t. V ern on , O h io ___841,
M t. V ern on , W a s h ...........
1001
919
ueens Co., N. Y .. .880.
1 1 0 8 ,1 1 5 2
Q uin cy, M ass..................... 1002
Q
VT ashvllle, T e n n ....8 » l,
960, 1054
acine, W Is.....................
751
N atick. M ass......................
879 j
andolnh, M ass___751,
880
N ew B ed ford, M ass..750,
794 : R a n som Co., N. D___751,
N ew buryport. M ass........
751 I
92 i , l 0 0 2
N e w 'H a v e n , C on n.. .960, 1054 R a pid City, S. D ................ 8 S •
New L on d on , C o n n ......... 1001 R ich m on d, Va ..................
794
R
ich
m
on
d
Co..
N.
V.812,
960
N ew M e x ico . ................ 1108
N ew ton. M a s s .S 7 8 , 960, 9 6 2
R ich m on d H ill, N. Y.880,
922,100 >», 1153
N ew York, N. Y.751, 794,
879, 9lw, ofiO, 1054,1108, 1152 R ipley, O h io ..............842, H 08
N ew York S tate.........878,
918 R och ester. N. Y ................
699
N orfolk , V a ........................ 1152 R o ck p o rt Separate Sch.
D istrict. O h io ............ .
N orth Adam s, M ass.........
751
1108
N orth D a k o ta .................... 1001 R o c k Rapids, l a . 794, 880,
922
N orth L ew isb u rg, O .......
841 R ock v ille, M d...................
751
N orth P la ttp Suburban
R ockw ell City, Iow a . ..
922
Irrigation Dist... N e b ...
960 R o m e . G a .................... 7 9 4 ,1 0 0 2
N orth T a rrytow n . N. V-.,
R om e, N. V .......... 1 0 5 4 , J153
751,794 , 8 7 9 R u th e rfo rd . N. J .............. 1054
N orw alk, 0 ........................
699 R u th ven, Io w a ..................
P22
N o rw o o d , 0 ........................
751 R u tland , M ass...................
961
N orw ood. P a ...............960, 1054 R utland. V t ................ 751, 1002
N yack, N. Y .......................
879 liv e U nion F re e S ch o o l
D istrict No. 3, N. Y —
1108
h io ................. 959, 1001, 3152
t. A u gu stin e, F la ..961, 1054
il City, P a ..................... 3.00 L
t. Bernard, 0 .................
Omaha, N e b .. .794, 7 9 6 ,
879
751
O regon City, O re.............. 7 5 3
St. L o u is Co., M in n .........
752
O x fo r d , N. Y. . . . . . .699,
841 St. L ou is, M o .............. 841, 1 1OS
Salem , M ass.......................
880
acific Co.. W a s h —
963
Salem . O ............ 752,1002, 1153
aduc.ah, K y ................... 1 0 5 5
San L u is O bispo, Cal
115
Painesville. O h i o ........... 3.1'8 San M ateo Co., Cal.......... 8 4 2
P alo A lto , Cal.........1001,1 I 5 2
Santa Ana, l a l .................. 1109
P assaic Co.. N. J ..............
841 Santa F e Co., N. M .......... 1109
P a te rso n , N. J ........ .........
7*4 S ch u ylkill Co.. P a ...........
795
P a x to n , 'l l ..................
879 S co ttville . M ich ..............
880
1108 Sea Cliff. N. Y ...................
Pennsuurg, P a ............ .
1100
P ete rb o ro . N. H ................
751 Sharon. M ass..................... 1002
P etersbu rg, V a ..6 9 ‘ ,879,
Sharpsville P a ..........922, 11'i9
921,960
1001 Shasta <'o.. Cal................... 7 5 3
P h iladelphia, P a .......699,
879 Shaw neetow n, 111............. 1002
P iqu *, O h io........................ l t i ’8 Silver City, N. M .............. 1109
Pittsburg, P a .....................
879 Sing Sing. N. \.................
699
Pittsfield, M ass.................
754 Skaneateles, N. Y ...8 8 0 ,
922
Pittsfield, N. H .................. 1054 Snow H ill. M d ...........<-22,
k61
R
O
S
P
NEW LOANS
BONDS.
M a r ie tta , Ohio, Im p ro v e m e n t.......................6 s
C h a rle v o ix , M ic h ., R e fu n d in g....................... 5s
R ichm ond , In d ., F u n d in g..................................5 s
D earborn County, In d ., Funding.................. 5s
T e rre U an re, Inn ., F u n d in g ........................... 4 s
R ichm ond, In d ., Street Im p rov e m e n t...... 6 s
M itc h e ll, In d ., E le c tric -L ig h t.........................6s
Y oungstow n, O hio, Im p ro v e m e n t................ 5 s
Bluff ton, O hio. W a t e r ......................................... 5s
Bond H ill, O hio, W a t e r ........ ............................5s
X e n ia , Ohio, Funding......................................4 ^ 8
P iqua, Ohio, W a t e r ...........................................4&S
M id d leto w n , Ohio, W a t e r ................................ 5s
C orsican a, T e x a s , S e w e r ..................................5 s
A s to r ia , O regou. (G old), W a t e r ..................... 5 s
L a u r e l, M d ., Stre e t Im p ro v e m e n t............... 5 s
FOK BALE A Y
Rudolph Kleybolte & Co.
C. H. White & Co.,
0
STATE
0
, 0
0
OF
1ISTS ON APPLICATION1
UTAH
EDWD. C. JONES CO.,
M
ills
&
BANKERS.
MUNICIPAL BONDS
BOUGHT AND SOLD.
16 S ta te
B u ild in g ,
S tr e e t, B o s t o n , M ass.
Bought and Sold.
Blodget, Merritt & Co.,
N W. HARRIS & CO.,
BANKERS,
16 Congress Street, Boston.
BANKERS
PH ILA D E LPH IA .
-
o n k ers. N . Y ...............
Y ou
n gstow n , Ohio.881,
STATE CITY & RAILROAD BONDS.
NEW YO R K .
W. J. Hayes & Sons,
SAFE INVESTMENTS.
BAN KERS,
SEND FOR LIST
DEALERS IN MUNICIPAL BONDS'
Street Railway Bonds, and other hish-Brade Investments.
BOSTON, MASS.,
C le v e l a n d , Ohio,
7 Exchange Place.
3 1 1 - 3 1 3 Su perior 8«
Cable A ddress " K E 3TNE T H
793
1 0 0 2 ,1 0 0 s
'£
W ALE
STREET,
NEW
YORK.
ROBERTS BROS.,
Spokane,
1 8 8 4 .]
BANKERS,
W ash .
S e le c te d s t a t e , C o u n t y , C i t y , S c h o o l
B o n d s. W a rr a n ts an d L o a n s,
N E T T IN G 5 TO S P E R C E N T.
B lanchard,
D e v o n sh ir e
GOVERNMENT a n d
M U N IC IP A L BONDS
15 W A L L S T R E E T ,
W
L. S. R oberts.
W. B. R oberts
CORRESPONDENCE SOLICITED
80 BROADWAY,
NEW YORK.
BOSTON.
akefield. M ass...........
961
allace. I d a .................. 1054
W a lla ce . W a s h ..................
795
W altham . M ass................
842
W ash in gton G a.......... 699,
880
W ash in gton Co.. A rk . . . 1 0 0 2
W a tertow n . N. Y ............. 1055
W ellsville , 0 .......................
752
W e s t Chicago, 111...1 1 0 9 ,1 1 5 3
W e st K n o x v ille , T e n n . . 1 0 5 7
W e s t P oin t, G a.................
922
W estp ort, M o .. .699. 752.
842
W ilkes-B arre S ch o o l D is
trict. P a.......
961, 1055
W ilm erdin g, P a .......... 881, 1002“
W raam ac, in d ...................
1055
W in ch e ste r. C o n n ........... 1109
W indham , C o n n ........961,
1002, 1109
W o o d Co.. W . V a . .. .922,
961
W o o n s o c k e t, R. 1............
880
W o rce ste r, M ass..............
881
IN V E S T M E N T
0
DATED JUDY 1, 1896.
LEGAL FOR NEW YORK SAYINGS BANK3.
PRICE ON APPLICATION.
FOR SALE BY
CHICAGO.
1153
961
[E S T A B L IS H E D
Gold 4% 20-Vear Bonds.
421 CHESTNUT STREET,
PHILADELPHIA.
T L icksb u rg. M ic h .. 1002,
V icto r ia Co., T e x . .880,
BONDS.
CI NCINNATI, O.
2
961
752
1163
1109
M U N IC IP A L
B AN K ER S.
$
fT k ia h , C a l . .. ..................
rbana, O.......... .............
U ta h ................................022,
U tica, N. Y — 922, 0 6 1 ,
WHANN&SCHLESINGER
72 B R O A D W A Y . N E W Y O R K .
M unicipal and First Mortgage
Railroad Bonds.
rP a co m a , W a s h ................
842
1 allapoosa, G a.........922,
961
T a n eytow n . M d ................
880
T a u n ton , M ass..................
922
T em p le. T e x .....................
1109
T h re e Oaks. M ic h .............
961
T h u rston Co., W a s h ....... 1 0 5 4
T o le d o . O h io ... .7*5, 961, 1054
T ravis Co., T e x ................. 1 0 5 7
N E W LOANS.
BANKERS,
B U Y AND SELL
S om erville. M a s s............
1109
Sprague. W a s h .................. 7 9 5
Springfield. Ill.....................1 0 0 3
Springfield. M a s s ...1109, 1153
Springfield, O hio.........842, 1002
Springfield. V t ................
1054
Springfield S ch ool D is
trict. O h io ........................ 1002
Staiford Co.. V a ................
922
Stanislaus C o., Cal.......... 7 9 6
S taunton, V a .....................
1054
S tockton, C a l.....................
79 5
Stoneham , M uss.699,762,
1002, 1054
Sum ter Co., S. C .............. 1109
W E O F F E R A LA R G E,
developed, equipped and pro
ducing Gold Mine, with excep
tional natural advantages for the
economical mining and milling
with water sufficient to furnish
power. The ore is free milling,
averaging $8 per ton over the
plates and can be mined and
milled for less than $1.50 per
ton. The mine has “ ore in
sight” to the net value of many
times the price of the property.
The title to the property is per
fect and free from debt and as
sures to investors large and
continuous returns.
Correspondence invited.
Mining Department of
rA. C . F R O S T & C O .,
DEALERS IN MUNICIPAL BONDS,
City and County Bonds.
D IE T Z , DENISON & PRIOR,
35
CO N G R ESS S T R E E T , - BO STO N .
1 0 9 Superior S treet, C levelan d , O.
10S
UA
SAU LE
STREET,
C H IC A G O
THE WALL STREET JOURNAL
in ves valuable information daily on stocks and bonds
ear
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